Trading there. We do see the asian tech. The more leading indicators that things are looking a bit more bouncy. All of about 1 here this morning. We are watching the dollar strength. Have we reached the peak in the dollar. Things are looking a little bit overbought right now. Dollaryen still seeing some strength. We did see that weaker fix in the pboc. We are watching the bond market as well. Pushing back a rate call. You have jp morgan saying it is time to save the bond rally. Those debts seems to be going back a little bit now. Iron ore seeing a decent bomb. Today. Haslinda President Trumps ban tiktok has been blocked by a federal judge. Dealing a blow to the government in its showdown with a popular chinese owned app. They say threatens National Security. We have been following developments. Take us through the very latest. Ruling from the District Court judges in the east coast. Gave that decision blocking the proposed banned by the Trump Administration. Tiktok had requested preliminary injunctions. He deliberated on that. He had a virtual hearing with the parties earlier on sunday. Then gave his decision. Place inas set to take a couple of hours from now. That will no longer be the case. There are two executive orders on tiktok. This is on the first one. Which the ban would take place. There is a second executive order. A 90 day. That is for the sale. By novemberompleted 12. That would be after the election. What is important about this , they did away with the ban on the first injunction. That november 12 ban must still go through. Tiktok has made a statement saying they are pleased with the Court Injunction on the van ban. They will continue to defend the companys rights and maintain ongoing dialogue with the u. S. Government for a deal. This is strike two against the Trump Administration. Last week, and another District Court judge issued a similar injunction in favor of we chat from tencent, which was also under fire from the jump administration on National Security grounds. Yvonne many top Chinese Tech Companies being targeted by the Trump Administration. Far ase they raising as security concerns around the company . They are concerned by alleged ins to the communist party the military of china. Semiconductor manufacturing international, the largest ship company in china, has come out with a statement saying it has not received any official notice. They denied any ties to the chinese military. They said it does not make products for any military users. Or uses. It is not an addition to the entity list. I was placedt huawe on, which required an outright ban. This required u. S. Companies to apply for an escort export license. Of a softer blacklist, if you will. People with the film familiar with the situation said the Trump Administration still has the right to toughen those restrictions, if they so desire. Yvonne that stocks certainly reacted to that news today. Shares down 5 today. Lets get the first word news with Karina Mitchell. Karina President Trump has reportedly paid very little tax since entering the white house. The New York Times says that is largely because he reported losing much more money than he made. Continuing as decadelong audit on the legitimacy of a 73 million tax refund that he claimed. Totally fake news. I pay taxes. You will see that. The irs does not treat me well. Karina the president is seen pushing the Supreme Court farther to the right. Heralds a bitter fight in congress. A 63ld make it conservative split. Democrats say it should wait until after november. China is tightening its grip on the Western Province of chin zhang. Xi says communist Party Policies are corrected must be adhered to over the long term. That millions of ethnic uighurs are being held in reeducation camps. Says a muchhyped travel bubble with new zealand could open by year end, as infection rates in both countries remain low. New south wales reported no new infections over the last 24 hours. U. S. Infections rose in line with the seven day average of global cases near 33 million. Deaths are about to top one million. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Karina Mitchell, this is bloomberg. Still ahead, work from home, the office, or a combination of the two . We discuss more of what being in companies managing partner said. , up next, why this is just a coolingoff phase. Keep it here with us. This is bloomberg. Haslinda u. S. Futures begin the week with modest gains. Bringing some relief. Some breathing room to asian investors. For the past three weeks. We dont think people should buy such stocks. Based on our estimates, it appears to be completed. The buying of Global Equity by. Edge funds regardless what they do with discretionary. They keep equity around it. Since september, the hedge fund has stamped only these excessive holdings. It has already been completed. Theas not deteriorated to point. There has been a concentrated buying spree in july and august. That might provide any excuse for profittaking. Their appetites for risktaking. And finetuning of the two highgrowth. So you say buy on dibs. Possibly theout impact of the election in the u. S. In november. How are you pricing in election volatility risk . Higher volatility could possibly scare some investors. Talking about the nasdaq market. They are running out of things. If the nasdaq moved back closer. They will be more likely to favor buying. They are trying to follow investors. They are wary of higher market volatility. They need to have their position at this moment. And a longer position in the nasdaq. It is down. As of the end of august. They have a chance of buying on dibs. The nasdaq 100 index could avoid falling. Yvonne ok. Is a soft landing here that we could see in the future. Lets get to our question of the day for all of our viewers. We have seen correlations breakdown. It seems like the regime has shifted right now. Gold surging. Emfx. China versus all of these correlations are breaking down. How do you see them playing out against different Asset Classes in the coming days . Recent fracturing of correlation across the market is due to the unwinding of segregated positions. And confusion around the president ial election. I think one of the reasons for this correlation is due to u. S. Dollars movement. Dollar market. Based on recent supply and demand. They will exceed 95. They have much more room. There are a few fundamental factors to accelerate the buying. Will it be normal levels . It is covered by the Short Covering of the rapidly accelerating position. Yvonne thank you. Coming up, President Trump says he is a successful businessman, but his Tax Information paints a bleak picture of chronic losses and tax avoidance. Details next. This is bloomberg. Haslinda President Trump reportedly pages 750 in income taxes in 2016 and 2017. A New York Times investigation has revealed millions of losses on golf courses and hundreds of millions of dollars of debt coming due in the next few years. Lets talk to our chief washington correspondent. Somethingoking like that biden is bound to capitalize on. Debatefirst president ial scheduled for tuesday night. No doubt, tax policy will come up. Republicans are using this as an opportunity to talk about what could be a better economic plan for the country, with lowering taxes. Been a case that has been in and out of court ever since the president has taken office. Welcome will presents this as an opportunity for their tax policy vision for the u. S. Either way, this is coming at a time in which the president has said he is willing to make his tax filings public should the courts rule on that. In other big news over the weekend, it has been the nomination of amy coney barrett, the just assume it is now heading to the Supreme Court. This was not unexpected. How much of a shift will it be for the legal direction of the country . Withjust got off the phone someone in the Top Administration who says they have hit a political home run. The confirmation hearings are set to begin in the next 10 days or so. Those confirmation hearings will be happening in the final days up into the november 3 election. They are confident because they think in battleground states like michigan, wisconsin, pennsylvania, this will help them with catholic voters. This could help them with suburban women. And that it could motivate the base of the Republican Party to get out and vote. She is seen. As a staunch conservative much more akin to the justice she clerked for, scalia. Democrats are trying to use all of their political power to slow down this process and also trying to activate their base. It is a remarkable, fascinating time. This has implications for trump and biden but also for whether or not republicans are able to regain control of the senate and whether or not democrats are able to expand their majority in the house. We will be following all of this carefully and no doubt it will come up on tuesday nights debate. Haslinda biden is set to have the upper hand. What should we be looking out for . Look to see how the Supreme Court justice plays out. That will come up. I will be carefully monitoring the geopolitics of this. How will joe biden talk about how he would deal with u. S. Allies, not just from a military perspective, trying to unify the western alliance against china, but from an economic standpoint with regard to trade policy. Biden and trump obviously worlds apart on how they would renegotiate radios. Look at the shift in that debate. With either candidate. This is the first time they will be going headtohead for 90 minutes, no breaks. There have been a lot of jabs traded before this. This is without question an incredibly important date for President Trump, who trails in key battleground states. Folks thatonvince his handling of the pandemic was something that he has to defend. He is trailing on how he handled it. Yvonne i am sure we will be watching your coverage on wednesday morning and tuesday evening. Lets get business flash headlines. Oil prices have little room to rise in the next few months. Covid19 continues to hurt Global Demand for energy. Conventional wisdom was that things were going to improve in the fourth quarter. Renewed travel and social distancing restrictions, plus state aid is dragging on demand. Named the newhas leader to push through one of the biggest restructuring programs and its history. Reins from thee outgoing leader. He has a reputation for tough cuts. He will need to oversee a turnaround. Some breathing room for asian stocks. Modest gains at this point in time. Has rising virus cases. Theal stocks on course for First Time Since march. Pointing to a higher open. India posting a 2 gain. Taking a look at china, up for a second day. Chinese Companies Going for a fourth consecutive month in august. Sewing showing signs of being oversold. Here are some stocks we are tracking. Currently slumping about 4. 5 . Surging as much as 11 . Currently up about 8. 4. Plenty more to come. This is bloomberg. Look here, its your very own allinone Entertainment Experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. Karina President Trumps threatened ban on tiktok has been blocked by a federal judge. Anedance had implied for injunction, saying the ban was irrational even why talks of the sale are still on the table. The administration has said tiktok poses a National Security threat to the u. S. Chinas economic rebound is continuing with industrial profits growing for a fourth straight month. Similar gain in july. Profits year to date are still 4 lower than 12 months ago. Nancy pelosi says there is still a chance her and treasury secretary Steven Mnuchin can agree to a package. She said democrats may vote on a house only version. She is pushing a 2. 2 trillion fund. President trump does not want to go higher than 1. 5 trillion. Malaysias Ruling Coalition has continued its streak of election victories. It is crucial as he fends off the Opposition Leader. He could ultimately pave the way for a nationwide snap election. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Yvonne we are seeing decent bidding here across the board. Saw was the worst week for emerging markets and smarts. We are seeing a decent bounceback. Ahead toso looking this big event. The first president ial debate happening. Chinae a lot of data like pmi and u. S. Jobs to end the week. We are seeing some decent gains in china, taiwan, some of these tech heavy benchmarks like the kospi. Other words, it is a dollars story that is still playing out. A lot of bidding into the aussie dollar. Strength coming through your japanese yen. Lets take a look at some of the movers we are looking at. Lender its stake in the to 8 . We are seeing the stocks make a decent bounceback. Mind, it is still a 25 year low. Evergrande as well, it seems like the company has been able to stop the selloff. They are both rebounding today. As well as the financial situation. Well, the Australian Government extending support for domestic lights in australia. Talk of melbourne using some of those curves. Bain and company says 70 of whitecollar workers are now working remotely. While one third of those no reduction in productivity, more than 40 to deal their productivity has dropped. Specializes in working with them. He joins us from san francisco. Thanks for joining us. Tell us more about the survey. What are your clients telling you about the Lessons Learned of this pandemic . What does it tell us about the future of work . I am happy to be here. It starts with the whitecollar workforce. They have been continuing the work at company locations. It was the pivot of the whitecollar workforce for first half of this year. It is coming back in a few countries around the world. They have found that they have been able to migrate work exceeding our expectations. From these virtual, remote platforms. More than we expected. We have all had to adjust. We are doing that. There is a reasonable amount of variation. By the mindset of the individual employee. Large, we will see what happens. As we get out to the other side. Not just for Advisory Services like yourself but for retailers. Is that equally good for everyone . Is this way of working better for certain businesses versus others . How can you tell . Isi think what you will find it will be a large variability in how it actually works. For different job functions. Different mindsets based in your own situation. If you look at what happened to , there are things you want to buy via ecommerce and there is still things you want to go to a physical store for. Is now applying to actual professional work. Clearly you can do better. Some things you need to be able to have the physical interactions. The deep relationship building. The collaboration that requires physical proximity. What you are finding is each company will have to adapt to a world that will not be the same as it was last year. It will be a mix. We will find work with meaningful adjustments. Some of it is not just the nature of the different jobs. It is the mindset of people. Some people are enjoying working from home and find they are more productive. Another group think they are less productive for different reasons. Its own has to create portfolio. Haslinda lets pick on productivity. The pandemic forced everyone to be productive in some sense. Companies already wanting their workers back in the office. What is the best model to maintain productivity and build resilience at the same time . Companies have actually learned various lessons in the last few months. They are finding there are pockets where you can be more productive. You have less commute time. You can speed up decisionmaking. There are challenges as well. Feel they cannot get into the work mindset. Is the issue of individual productivity, which can be variable. In the productivity of the team. That Companies Want to get the benefit. How do we get more agile decisionmaking and bring it back as we are going back to Corporate Headquarters . Adjustst to fix and what has not been so productive. To actually work in this more agile way. Get smaller groups of people working together. To have the right tools. Whether companies have been working remote or coming back. Recognizes we have to move faster, make decisions better. We have to adjust to higherlevel uncertainty. Requires this agile and resistant mindset. Many favor remote work. How do Companies Use the pandemic to better push forward their businesses . Clients have said this is an opportunity. Kind ofe been on some Digital Transformation agenda anyway. To take a