Forceful terms. He believes no democrat should take this issue on. He believes it would be playing into President Trump hands. There are other issues at play. The second point is trade policy with senator Elizabeth Warren now leading the pack. Will she come under fire for her economic plan, especially as a relates to global politics. Finally, on the issue of global politics, it was a busy week last week with the president s decision to withdraw troops from syria. How will the different candidates, a Record Number of candidates, how will they set themselves apart for how they would act as commander in chief . David a Record Number of candidates. 12 people on the stage. Is it about the lead three . You did not mention Bernie Sanders. People may be looking at him to see how strong he is. Is the first debate following the heart attack. He will no doubt continue to try to make his case. He has someone who is it consistently he is in it for the long haul. Sawhe last debate what you was biden
Holding stronach bank of america reports tomorrow one of the biggest shareholders is getting more bullish. Ber shire seeking permission from the fed to boost stake in the bank beyond the 10 threshold. Did jamie and warren give the okay to ride the rally to new record highs why not those are the two. If knows two say its okay, who am i to argue with those two. Back to you. Back to you, mel. The jp morgan was quarter was fine and well talk about banks but put going in perspective and tangible book in jp morgan stock 120. Even i in my lame man can do the math and tell you tangible book its two times tangible book right now. That is a pretty big premium in this environment, i think. In erms it of mr. Buffett, he is actually sitting on a record amount of cash as well maybe thats why he wants to deploy to more banks but the indicator he mass looked at his entire career, the wilshire 5,000 over gdp in the united states. I mean that is flashing as red as maybe it has ever flashed ive been skep
Daybreak asia. Thisr top stories wednesday, new questions about President Trumps many deal that says chinas higher purchases of agricultural goods depend on a reduction in u. S. Tariffs. The imf cuts its outlook for the fourth straight time. And sterling reaches a new high on high optimism about a new brexit deal. Shery breaking news out of south korea. The jobless rate ticked up to 3. 4 in september. The estimate was to gain from 3. 1 , so the Unemployment Rate higher than expected. We have seen weakness in the private sector, south korea very exposed to trade tensions and slowing global demand, although we have seen passage of that extra budget in august, which could provide support for labor markets, but so far september unemployment at three point 4 . Australian markets just open. Lets turn to sophie. Sophie. Sophie sherri, shares in sydney are breaking ground, advancing fifth straight day, in tokyo the nikkei 225 open. It fresh 2019 high with valuations below the fiveyear average.
Surveillance. Thee a lot going on in markets. After this attack on an iranian tanker, you can see crude oil gaining 2 . Is at 64. 53. Gaining andrently the pound is at 1. 2 460. We are also getting headlines outlook iea cutting its as the economy eclipses the saudi attack. They are pointing to a little bit of Downside Risk in the worldwide economy, saying that will impact demand. Lets get straight to the bloomberg first word news in new york city. Quote very well. Thats how the first day of trade talks went according to donald trump. Today, he plans to meet beijings top negotiator. These are the first highlevel talks since july. But sides are working to end the 18 month long trade war. Besides appear willing to agree to a partial deal and would leave controversial issues for the future. And two associates of the president s personal lawyer are accused of violating Campaign Finance laws as part of a plan to oust the u. S. Ambassador. This scheme is part of the u. S. House impeachment in
Story for goldman sachs. Turn tonk of americas report numbers. Manus a warm welcome to bloomberg daybreak europe. Thing, wenteresting are talking the agony and ecstasy of brexit and pound trading. Mark carney has forced the banks into a neutral position. Banks are in a neutral fx position on sterling. For an overthecounter, unregulated market. I find that interesting. Nejra very. Perhaps we are hearing about the concept of a deal. What does that mean for Super Saturday and the pound . I love that phrase, agony and ecstasy a pound trading. Carrie lam is still giving her annual policy address by prerecorded video. Being interrupted a number of times with an legislative council. , the ability to requisition 700 hectors hectacres of land. Rush is narrowing their sales growth to the upper band of the prior guidance. They are going to increase the dividend. Their sales and Beat Estimates so it is about giving us a full year sales growth to the upper level of the prior guidance, narrowing in