Would allow the safe return of Syrian Refugees are displaced people. Within one and a halfMillion People in Northern California are without power. Some for a second day. Pg e has cutity power across the region to prevent its equipment from igniting wildfires. 3 Million People may eventually lose power. The company is facing 30 billion in liabilities from wildfires over the last two years. 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. Live from bloomberg world headquarters, im shery ahn. Amanda live in toronto, im amanda lane. We are joined by our bloomberg and rbn amp bloomberg audiences. Here the top stories we are following from around the world. Good luck. Negotiators from u. S. And china are meeting for their for for their 13th round of trade talks in washington today. Turkeys president bristles after europe because his move into syria and invasion, th
Are you one of those serial lane changes . With me is cornelia meyer, who is ceo of mrl corporation, a business consultancy. Do you drive, cornelia . No, this is my contribution to safety in the world. You are not behind the wheel, ever. No, it is better, trust me. Do you have a drivers license . Ever. No, it is better, trust me. Do you have a drivers license . ever. No, it is better, trust me. Do you have a drivers license . I once had a drivers license when i lived in the states, but it was not for me. We have had lots of viewers get in touch and many said that out of hell is not what to listen to. Bat out of hell. I have been on here for 46 minutes and have not said brexit yet, ifear for 46 minutes and have not said brexit yet, i fear i for 46 minutes and have not said brexit yet, ifear i may for 46 minutes and have not said brexit yet, i fear i may do for 46 minutes and have not said brexit yet, ifear i may do now. Uks Supreme Court will be hearing arguments for three days. It bega
Global Business Forum. Will be speaking to pierre moscovici, european for economic and funny to affairs, andreas , Allianz Global Investors ceo, and stephen badger, mars inc. Chairman. Lisa deepening some of the concerns about trade come the s p lower. Crude dropping as well as saudi arabia seems it is getting production online faster than expected. The euro losing versus the dollar. The dollar strengthening despite concerns about turmoil amid the leadership in the u. S. Onyear yields going lower this risk off day. David joining me now at the Bloomberg Global Business Forum is andreas utermann, Allianz Global Investors ceo. It is good to have you here. I want to start with why we are here. It is the Climate Finance Leadership Initiative. Explain to us what that is. Andreas it is an initiative that michael bloomberg, on behalf of the u. N. , kicked off about a month ago. It brings together a significant number of affluent to private sector organizations with the aim of cooperating and c
Showed that chinas trade exports contracted for the month of august largely because entirely because of the trade war with china and the United States well hear more about that from eunice yoon in a moment. Look at whats happening with the european markets that are open and actively trading a in the point. Right now most of these markets are in the green ftse is the exception down by a quarter of a percentage point. Also f you check out the treasury market here in the United States, youll see the yields that we have been watching oh so closely as we get ready for fed next week and ecb this year, ten year under 1. 6 , 30 at 2. 07 . Some news out this morning saudi arabia now confirming it has removed its Energy Minister from the position over the weekend replacing him with the kings son and that move breaking with long time tradition and convention that members of the royal family are not appointed to that position and comes just days after al falih was removed from his role after chair
Silence. Bloomberg will be covering those events through the morning. Alix 18 years. In the markets, you have seen the s p hold steady, but the churn beneath it has been quite staggering. A huge, unbelievable shift, added momentum into value since value weeen into have seen since 2009. Youre seeing some buying in the bond market. Yields down by about two basis points. Over in europe, couldnt decide on a bond bear or bull day. Time now for the global exchange, where we bring you the market moving news from around the world. Joining us are bloombergs enda curran in hong kong, in london, emma chandra, and Michael Mckee joins us in new york. The Hong Kong Exchange made an unprecedented 36. 6 billion offer for the london talk exchange. Bloomberg london Stock Exchange. Bloombergs enda curran has more. Enda obviously this is a very ambitious corporate transaction. , itably more importantly would be a real test of Investor Perception towards hong kong. Remember, this raises all kinds of questi