We will see what the foreign Prime Minister says this hour. Data, capitalic gets and durable goods ordered, durable goods on the mark, 4. 4 , we should see boeing orders dropping off in the next few months and that will impact the total number of transportation orders. Capital goods orders, nondefense teixeira 1. 5 , a little lower than last months 1. 6 . 30 minutes into the trading day, lets go to the market desk work Abigail Doolittle has the latest. Stocks trading higher, three major averages all up quite nicely. After the nonfarm a payroll came in non the three major averages on pace for weekly increases. Perhaps investors with stocks think the fed is less likely to raise rates anytime soon. Helping shares traded higher. We see what this might look like for stocks, the s p intraday futures, there is the massive spike around the time of the payroll report, perhaps investors think the fed will be a little bit slower around its policy decisions to raise rates. This is reflected with the oil newmontls, shares of mining and Marathon Oil Trading higher. This is oil and gold up more than 2 . We look at the 10 year yield, a roller coaster today. Around the time of the report, the yield spike down, supporting the other Asset Classes with the idea the fed may be on hold but a recovery. Ato the bloomberg, we look this, a monthly chart of the 10 year yield over the past three years. August was the worst month for bonds, 10 year bonds in about one year, this rain suggest we could see the yield climbed areer, price and yield inverse, suggesting september, october on could be bad for treasuries. Perhaps the fed rate hike timing has not been put off by this jobs report but time will tell. We will know in september. Mark we are literally 90 minutes away from the end of the friday session. Every single Industry Group rising today. Part by the small jobs report, up a third of 1 . Since1. 4 , highest level may, we are rising for the second consecutive week, led by basic resources and utilities. Thats get to individual movers, europes busy Biggest Hotel operator will probably not meet the 2016 forecast given currency industry backdrop. Current industry backdrop. Ayman foster, the u. K. Energy services company, raised by bank of America Merrill lynch, a price target increase of 60 to 925, raised earnings estimates, next year, the year after, new i cannot say it, a new strategy, shares up 5. 9 . U. K. Construction, the beat , it is still. 2 negative but an increase from 45. 9, above economist estimates. That was the biggest monthly 2013,ince november throwing yesterdays pmi manufacturing number, it highlights the resilience of the u. K. Economy postbrexit. Lets check in on the news. Vladimir putin says the hacking of Democratic National committee emails and documents was a public service. Was moscow responsible, he spoke with a bloomberg in an exclusive interview. I do not know anything about that. You know how many hackers there are today. They act so delicately and precisely that they can leave their mark at the necessary time in place, even camouflage. It is a difficult thing to check. We do not do this at the state level. All dayinto bloomberg for more of the exclusive interview with russian president Vladimir Putin and do not miss our special report on monday at noon eastern. The first hurricane to strike florida has since 2005 has weakened to a Tropical Storm she came on short today bringing high winds, heavy rains, massive thousands ofs of people in georgia are without power and the storm is expected to move into the carolinas tonight. President obama has one more item he could achieve on his wish list for china, he would like to get their president to join them in ratifying an International Agreement on climate change. China and the u. S. Account for 38 of global emissions, the president meets with the president after meeting for the g20 summit, chinese hackers targeting Hong Kong Government agencies. According to a u. S. Cyber security firm. On at least three occasions come hackers sent emails with malicious links and attachments containing malware, hong kongs government says it is taking steps to block the hackers. Global news 24 hours a day powered by more than 20 600 journalists and analysts in more than 120 countries. This is bloomberg. Returning to the u. S. Labor report that Shows Companies cap adding jobs in august, not as many as expected. You can see payrolls climbed by 151,000 last month following an upwardly revised gain of 275,000 in july. The jobless rate held steady at 4. 9 , we were looking for a 10th of a percent off. What does this mean for the fed decision. Lineup of guests wait in in. In your weighed wages were up a bunt last month, not as much of this month, we would like to see more nominal wage growth will we are seeing real wage gains for american workers. The work week fell a little bit, do the math, more important than the headlines, number of adders. I would caution, be careful, because it signals there is not much left in the labor market, so this will put the fed in a tricky position when they meet in september. September is on, not 100 but close to 100 , janet yellen told us not just in jackson hole but in other places, that she looks at jobs, jobs, and jobs and that gdp is not at the top of her list and if these types of jobs do not do it, i am not quite sure. Cornerstone call this report inconclusive in terms of a rate hike in september or december, what is there in this that would make the fed pause if they wanted to move in september . Not much in a sense that would make them go in september, and even before the number came a very big stretch to say they will go in september. The report itself shows gains are ok but income creation is not. The decline in average work week, that is not good for income creation and consumer spending. Vonnie absolutely. I grant that come average weekly but when you 34. 3 look at the participation rate, getting better, Mohamed Elerian talk about slack disappearing, bill gross at 100 in september, other wage indicators like unit labor costs that look better, why wouldnt they move in september . We are seeing progress in the labor market but if we look at Economic Growth overall, say gdp growth, that is no way near where it should be before the december rate hike. The initial liftoff in rates last year. We are a full percentage point lower than where we stood before the initial rate hike. Mark you have your scorecard, talk us through it. What does it mean . Vonnie he asked you to talk through the scorecard. The labor Market Conditions looking much better, relatively 232,000 inare now at terms of payroll growth here we stood at 218,000 before the december rate hike. And the Unemployment Rate is slightly below. , we are af gdp growth full percentage point below 2. 1 , the data that was available for the fed before the december rate hike. It is concerning because we are not going to see much of a rebound in the second half of the year this year. The data is very scarce and the are telling us we will not see much of a rebound in the second half. Was bill gross said it jobs, jobs, jobs, to him the jobs report is worth more than the gdp data. The fed has a dual mandate, looking at jobs and inflation, that pace of job creation is unlikely to continue if we are going to decelerate in terms of overall Economic Growth. It does matter in fact for the fed because they have been puzzled with slow growth for some time. It is not very good. Vonnie inflation, any indicators of inflation in the data, i do not just mean the and data, we looked at data things like durable goods orders, consumer readings . In terms of wage growth, average Hourly Earnings fell in terms of annual pay for growth. Data wasous months the highest since 2009. Aat to me is a little bit of cold that we will see some acceleration in terms of wages and inflation. Vonnie you are convinced it is september . Evenat is what we expected before todays number, todays report tells us the chances are more remote for the september rate hike. Vonnie thank you for joining us. Our coming up, more from rare and exclusive interview with the russian president. On the future of the euro and. Next. Mark from london and new york, i am mark barton. Vonnie youre watching Bloomberg Markets. A look at the biggest business stories in the news. Ireland will appeal to european commissions tax ruling on apple, they ordered island to recoup 14. 5 billion from apple saying the government illegally become panisse tax bill. the Companies Tax bill. Long matches and delays at airports, some airlines blames shortage of aviation fuel. First Nation Airlines hewlettpackard enterprises wants to Sell Software unit in a deal that could bring up to 10 tolion, it makes software make manage business operations, hp was one of two companies that is your bloomberg business. Mark the interview you do not want to miss. Russian president Vladimir Putin is sitting down with bloomberg in russia ahead of the g20 summit in china. A topic was brexit. We asked lead represent if he expected the euro to survive in the wake of the referendum. Becausetin i hope so we believe in the fundamental basis in the european economy. , i cannots agreements say right or wrong, depending on what side you look at it from they primarily strive for structural changes that are no i am referring to a problem they cannot overcome. Problem thatg to a becomes overcast, specifically with the dominant in the oil and gas sector in russia and as a result dependence on oil and gas. Europe also has dependence on oil and gas. Have ading economists pragmatic approach to resolving the economic problems in europe. That is why we hold 40 in europe. Do you think britain might be more compliant or more likely to do a deal with russia now or leave the European Union . U. K. Has not exited the special relationship with u. S. , the u. K. Perhaps it would be possible. If britain is guided by the commitment with its allies and think this is a it is the choice of our british partners. We understand that in light of the alliance and special relationship with the u. S. , to take into consideration a key partner to the u. S. , as far as the u. K. Is ready to resume, that is as far as we will be ready to go. Bloomberg foro our interview with Vladimir Putin, his view on the race in the white house, the situation in syria, the oil markets, do not miss our special report on monday at 12 00 eastern. Vonnie we say goodbye to summer and hello to fall. We will how you the winners and losers. This is bloomberg. Vonnie you are watching Bloomberg Markets. Mark i am mark barton. Vonnie on the bigger etf lets go to ones Abigail Doolittle. An etfuld like to bring analyst into the conversation. August was a big month and so many different ways, market action, talk about the theperforming etfs, from commodity complex, oil a huge month, reflected in etfs . The spider oil and gas was the big performer, lesserknown, most used a big Spider Energy but they are a hidden jim gem. Up 7. 4 , if you go back to this year, the oil rebound that finally happened, oil up and , 22 , around what crude oil is up. Uso down 5 . A lot of people in for a nasty surprise because it holds futures contracts that get killed with the costs and 2009, a great indicator of what would happen. Xop is not surprising that it is a top the leaderboard, the reason is upside volatility, tripled the s p. Vol is bad on the way down but good on the way out. China . About buthina having a good month the china tech etf on fire, up 12 . Etf do not have much tech, 10 , chinas Tech Industry is booming and a lot of the Tech Companies list in the u. S. Holdsina tech that Companies Like alibaba and has the ones you get the whole china tech scene, alibaba. Com had great first just first half earnings and ecommerce a big deal in china and that etf benefits. August treasuries, the 10 year with its worst year performance on a monthly basis in a year, what about in the world of etfs . 2. 4 let the month but which is pretty good for bonds but like xop it has been on top of the leaderboard in this etf is interesting, technically highyield but the best quality highyield, double be rated and it tries to pick up bonds that are recently downgraded. They get oversold a lot because there is so much money tracking Investment Grade when that when the bonds downgraded, the managers have to sell them. They get oversold beyond the five levels, that is the premise and that is working, this etf up 21 . Interesting from the standpoint of investors may be not going toward the safety of treasuries but going for risk of high yields. Thank you. Thanks to you both. Coming up, joined by the full and finance mr. Poland finance minister. Live from new york and london. Mark you are watching Bloomberg Markets on bloomberg television. Lets go to the newsroom. Vladimir putin is not taking sides in the u. S. President ial election, but he doesnt care for the tactics of either Hillary Clinton or donald trump. The russian president spoke with bloombergs editor in chief in an exclusive interview. We with the shock tactics of not only one, but the other they are very smart people. Tune into bloomberg for more of our exclusive interview with russian president Vladimir Putin and do not miss our special report on monday at 12 00 p. M. Eastern nbc natalie news anchor leslie hope will moderate the first president ial debate at Hofstra University in new york. Fox news sunday anchor Chris Wallace takes over for the third and final debate. Cbs News Reporter elaine couto moderates the best president ial debate. In venezuela, opposition leaders called it the biggest mobilization of protesters in the countrys history. Hundreds of thousands of venezuelans demonstrated in the streets of caracas, domenico recall vote against president nicolas maduro. Global news 24 hours a day, powered by more than 2600 journalists and analysts to more than 120 countries. This is bloomberg. Mark thank you. Still ahead, we will be joined by polands finance minister. We will ask him how brave it could affect the polish economy and whether polands new tax on banks is affecting growth. This is bloomberg. Watchingou are bloomberg. This is your Global Business report. Here is what were watching, russian president Vladimir Putin speaking to bloomberg in an exclusive interview. Find out why he wants to settle a decadelong dispute with japan. Lets get to this big interview with the polish finance minister at a szalamacha speaking form. Thank you for joining us, sir. Good afternoon. Imposed new taxes on banks, on retailers. Intend to rejuvenate investments. First, i would disagree with you on what you just said. Levy is in place in other countries. It is the measure which is known in several jurisdictions. Were not doing anything extraordinary. The second one, which you just mentioned, the retail tax, it is enforced for just two days. It started on the first of september. I would say i disagree fundamentally with what you just said. We will see first, revenue from the retail track in october. This year it will bring not more than Something Like the range of 100 million euros, 100 million euros. It is a frankly meager levy. I do not think it will put investors at bay or Something Like that. Mark maybe you will agree the economy seems to be slowing and some are doubting whether you will reach your euopposed deficit rule if the economy does not accelerate as much as you hoped. Might you have to take extra measures to reach those deficit targets . Right. For the seven months of this year, and then after seven months of this year we have realized deficit of at least not more than one third. So when you think about the calendar year and the momentum which it has is quite positive. Why is that . Significantly improved revenue collection. The revenue collection jumped by. Ore than 7 on an annual basis therefore, i feel quite confident. To be quite frank, we have significant challenges ahead of us to the next year 2017, a given the fact that we have done ofnificant progress in terms the revenue collection, i think we will just meet the target, the deficit target at 2. 9, which i put in the budget for next breached. Not be we will be within the limit. Vonnie minister, moodys is announcing a ratings review for your country, poland, next friday. They are concerned there will be a downgrade. Do you anticipate that . What does need to do to avoid that . What does poland need to do to avoid that . Im sorry, i did not hear the question. Could you please repeat a shorter version . Minister, will moodys downgrade next friday . Right, again vonnie some question . Mark minister, hopefully you can build a hear me better. My coanchor asked if the Ratings Agency moodys will downgrade your rating next friday . What is your view . For this. Thanks decisionsen several of the rating agencies this year. , two. We have been in a constant information with a ratings agencies. I dont know what they will do, but we have proved we are quite resilient. The decision was quite short. Anything like a negative effect on the Financial Market was, i should say, very short. And we have recovered their previous position. We dont have any problems with replacing our debt. Just a w