Disperse the crowds. Global news, 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Is 1 00 p. M. In new york. I am vonnie quinn. Welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, here are the top stories. Attacks disrupted five percent of the world oil production. We will talk to the opec secretary general on how the organization might respond. Wall street has been in pay slump since the financial crisis. We will tell you who has had the sharpest pay decline. Retail in an hour an era of delayed exit. We will talk to the cofounder birch box. First, kailey leinz is with us. We are halfway into the trading day. We are getting a little redder as we go through the day. Three major averages are near to the low of the sessions. The dow, the s p 500, and the nasdaq are off play for tense of vonnie this is bloomberg a percent or more. This is geop
First to our top story, job numbers came out friday while overall payroll gains were up in july along with a rise in hourly earnings. That wasnt enough to keep stocks out of the red, the worst week of 2019. This as President Trump decided to ratchet up the trade war with china, announcing a slew of new tariffs for the start of september, and dont forget the fed cutting Interest Rates for the First Time Since 2008. A move chairman powell describes as a midcycle adjustment to keep the economy expanding. We have tom thibodeau, the ceo and our editor mike regan. Why were markets caught off guard by the president s escalation of the trade war, when really there has been no end in sight. If you look back to the g20 meeting last month, there seems to be, if not progress, at least 80 escalation of tensions. When we started the week, President Trump was tweeting on monday about china, criticizing them. At that point it didnt seem like he was ready to escalate things with fu catching people offg
The door. Doordash. Survey hear from the monkey ceo. First to our top story, job numbers came out friday while overall payroll gains were up in july along with a rise in hourly earnings. That wasnt enough to keep stocks out of the red, the worst week of 2019. This as President Trump decided to ratchet up the trade war with china, announcing a slew of new tariffs for the start of september, and dont forget the fed cutting Interest Rates for the First Time Since 2008. A move chairman powell describes as a midcycle adjustment to keep the economy expanding. , the ceoom thibodeau and our editor mike regan. Why were markets caught off guard by the president s escalation of the trade war, when really there has been no end in sight. G20f you look back to the meeting last month, there seems , if not progress, at least 80 escalation of tensions. When we started the week, President Trump was tweeting on monday about china, criticizing them. At that point it didnt seem like he was ready to escalat
Now that president is free from steves stinky headlock, hes able to flirt with less confining political positions. His bipartisan chatfest shows hes more interested in making a deal than building a wall. And he tried to put to rest the rumors about his mental instability. And he disagreed when every one on past stances. During his marriage with steve he was never able to showcase his he general today. Now that steve is shunned, the president and the antisteve move will rub elbows at if the Davos Convention and sell his brand of americanism in switserland. Does in switzerland. Does it mean hes selling out to globalism . No, it just means hes free from the barren wasteland of populism that puts everyone on the road to ruin. The president s critics are always telling him to mark it off with the twitter comments and focus on the economy. Maybe hes doing that so those who want to come to america and make it even greater can do just that. Welcome to the show. Im kennedy. Some of the presiden
Now that president is free from steves stinky headlock, hes able to flirt with less confining political positions. His bipartisan chatfest shows hes more interested in making a deal than building a wall. And he tried to put to rest the rumors about his mental instability. And he disagreed when every one on past stances. During his marriage with steve he was never able to showcase his he general today. Now that steve is shunned, the president and the antisteve move will rub elbows at if the Davos Convention and sell his brand of americanism in switserland. Does in switzerland. Does it mean hes selling out to globalism . No, it just means hes free from the barren wasteland of populism that puts everyone on the road to ruin. The president s critics are always telling him to mark it off with the twitter comments and focus on the economy. Maybe hes doing that so those who want to come to america and make it even greater can do just that. Welcome to the show. Im kennedy. Some of the presiden