1 00:00:00,560 --> 00:00:03,760 Speaker 1: Use when you want it with Bloomberg News. Now, I'm 2 00:00:03,840 --> 00:00:07,720 Speaker 1: Charlie Pellett. The Los Angeles Dodgers take Game three in 3 00:00:07,760 --> 00:00:11,520 Speaker 1: the World Series, beating the New York Yankees four to two. 4 00:00:12,160 --> 00:00:16,440 Speaker 1: Here's the call from Fox Sports. It is a fastball. 5 00:00:16,520 --> 00:00:17,800 Speaker 2: It's ripped down the line. 6 00:00:17,960 --> 00:00:23,160 Speaker 1: It is gone. A fifth consecutive World Series game with 7 00:00:23,320 --> 00:00:27,200 Speaker 1: a Freddie Freeman homer run. Game four Tuesday at Yankee 8 00:00:27,200 --> 00:00:31,320 Speaker 1: Stadium in the Bronx. Israel's Kanesset has passed a bill 9 00:00:31,440 --> 00:00:36,640 Speaker 1: to sharply restrict the main United Nations organization supporting Palestinians, 10 00:00:36,680 --> 00:00:41,280 Speaker 1: further threatening the already slow flow of humanitarian aid to 11 00:00:41,360 --> 00:00:45,800 Speaker 1: displace people in Gaza. North Korea sent its foreign minister 12 00:00:45,920 --> 00:00:48,840 Speaker 1: to Russia for her third trip in less than a year, 13 00:00:49,320 --> 00:00:52,600 Speaker 1: just as its troops arrived in Russia's Kursk region near 14 00:00:52,640 --> 00:00:56,040 Speaker 1: the border with Ukraine, a move that the NATO Secretary 15 00:00:56,160 --> 00:01:00,360 Speaker 1: General has described as a significant escalation in the two 16 00:01:00,440 --> 00:01:04,240 Speaker 1: and a half year old conflict. Today's US Economic Agenda 17 00:01:04,280 --> 00:01:08,880 Speaker 1: features reports on October consumer confidence and with a look ahead. 18 00:01:08,959 --> 00:01:11,120 Speaker 1: Here's Bloomberg's Vinidel judice. 19 00:01:11,319 --> 00:01:15,240 Speaker 3: The US election is an issue Bloomberg Economics as consumers 20 00:01:15,240 --> 00:01:18,920 Speaker 3: are generally down beat, though unemployment is running historically low. 21 00:01:19,280 --> 00:01:22,520 Speaker 3: Data also suggests many Americans are still willing to spend 22 00:01:22,560 --> 00:01:26,920 Speaker 3: money on travel and entertainment, another positive sign for the economy. Meantime, 23 00:01:26,920 --> 00:01:29,559 Speaker 3: a labor market report is expected to show a dip 24 00:01:29,600 --> 00:01:34,080 Speaker 3: in September job openings. Also today figures on US merchandise trade, 25 00:01:34,200 --> 00:01:37,240 Speaker 3: and home prices. Vinny Dald Judaice, Bloomberg Radio. 26 00:01:37,160 --> 00:01:40,480 Speaker 1: Wall Street veteran ed Yard Denny says the approaching US 27 00:01:40,560 --> 00:01:44,640 Speaker 1: election could augur the return of the market's bond vigilantes, 28 00:01:44,720 --> 00:01:48,640 Speaker 1: as the Treasury Department ready's new debt issuance plans. 29 00:01:48,760 --> 00:01:52,440 Speaker 4: If we get a sweep either the Democrats or the Republicans, 30 00:01:52,440 --> 00:01:56,640 Speaker 4: the bond market will conclude that nothing will stop either 31 00:01:56,760 --> 00:02:01,120 Speaker 4: party from spending a lot, may be cutting taxes, a 32 00:02:01,160 --> 00:02:03,840 Speaker 4: lot for some folks, not for others, and all in 33 00:02:03,880 --> 00:02:06,920 Speaker 4: all will continuing to widen the deficit and the debt. Meanwhile, 34 00:02:07,160 --> 00:02:10,919 Speaker 4: the interest payments continue to accumulate and will probably hit 35 00:02:10,919 --> 00:02:11,880 Speaker 4: a trillion dollars. 36 00:02:12,040 --> 00:02:15,120 Speaker 1: The founder of Your Denny Research famously coined the phrase 37 00:02:15,160 --> 00:02:18,760 Speaker 1: in the nineteen eighties to describe investors selling bonds to 38 00:02:18,880 --> 00:02:22,480 Speaker 1: set the US government back on a course of fiscal restraint. 39 00:02:23,080 --> 00:02:27,400 Speaker 1: Third quarter earnings later today from Google's parent company, Alphabet. 40 00:02:27,680 --> 00:02:31,600 Speaker 1: Bloomberg's Tom Busby has more on what investors will be 41 00:02:31,680 --> 00:02:32,280 Speaker 1: looking for. 42 00:02:32,520 --> 00:02:36,080 Speaker 2: Alphabet expected to show strong revenue and profit growth thanks 43 00:02:36,120 --> 00:02:38,960 Speaker 2: to its cloud computing division and from ads on its 44 00:02:39,040 --> 00:02:42,720 Speaker 2: Google Internet search business. Investors will also be looking for 45 00:02:42,760 --> 00:02:47,480 Speaker 2: the latest monetization efforts for Gemini Alphabet's Generative AI program. 46 00:02:47,680 --> 00:02:50,600 Speaker 2: Bloomberg consensus calls for revenue of eighty six point four 47 00:02:50,639 --> 00:02:53,400 Speaker 2: to four billion, most of that from Google Search ads, 48 00:02:53,840 --> 00:02:56,160 Speaker 2: earnings per share a dollar eighty three, and shares of 49 00:02:56,200 --> 00:02:59,840 Speaker 2: Alphabet up nineteen percent so far this year. Tom Busby 50 00:03:00,000 --> 00:03:01,640 Speaker 2: Bloomberg Radio, and. 51 00:03:01,520 --> 00:03:04,480 Speaker 1: This is the busiest week for corporate earnings. Five of 52 00:03:04,520 --> 00:03:08,880 Speaker 1: the Magnificent seven companies are scheduled to report. Ford said 53 00:03:08,919 --> 00:03:11,280 Speaker 1: full year earnings would be at the low end of 54 00:03:11,320 --> 00:03:15,440 Speaker 1: its forecast as the carmaker struggles with warranty costs and 55 00:03:15,600 --> 00:03:20,320 Speaker 1: supply disruptions tied to recent hurricanes. David welch Is, the 56 00:03:20,360 --> 00:03:23,040 Speaker 1: Detroit bureau chief for Bloomberg. 57 00:03:22,600 --> 00:03:24,680 Speaker 5: News, said they're going to lose five billion on the 58 00:03:24,680 --> 00:03:26,760 Speaker 5: EV business this year. I think it lost one point 59 00:03:26,800 --> 00:03:29,440 Speaker 5: two billion in the quarter. And I think the problem 60 00:03:29,480 --> 00:03:32,400 Speaker 5: here is there's nothing really in this report that says 61 00:03:32,440 --> 00:03:34,040 Speaker 5: they're getting that under control. 62 00:03:34,280 --> 00:03:38,480 Speaker 1: Bloomberg Detroit Bureau chief David Welch. The tempered outlook from 63 00:03:38,600 --> 00:03:42,720 Speaker 1: Ford highlights the widening gap between the dearborn, Michigan based 64 00:03:42,720 --> 00:03:48,800 Speaker 1: carmaker and competitors, including crosstown rival General Motors. Investors yanked 65 00:03:48,800 --> 00:03:52,160 Speaker 1: money out of exchange traded funds that buy Chinese stocks 66 00:03:52,240 --> 00:03:55,320 Speaker 1: last week, halting a streak of inflows as the latest 67 00:03:55,320 --> 00:03:59,880 Speaker 1: stimulus measures failed to impress investors. And with more. Here's 68 00:04:00,000 --> 00:04:02,560 Speaker 1: Bloomberg's Erica Hurskowitz Charlie. 69 00:04:02,640 --> 00:04:06,320 Speaker 6: According to data compiled by Bloomberg, outflows from US listed 70 00:04:06,360 --> 00:04:10,600 Speaker 6: emerging market ETFs that invest across developing nations as well 71 00:04:10,600 --> 00:04:14,040 Speaker 6: as those that target specific countries, totaled five hundred ninety 72 00:04:14,080 --> 00:04:16,840 Speaker 6: four point one million dollars in the week ending October 73 00:04:16,880 --> 00:04:19,599 Speaker 6: twenty fifth, compared with gains of four hundred and sixty 74 00:04:19,600 --> 00:04:22,599 Speaker 6: five million dollars in the previous week. So far this year, 75 00:04:22,720 --> 00:04:26,560 Speaker 6: inflows have totaled nineteen point four billion dollars. China had 76 00:04:26,600 --> 00:04:28,760 Speaker 6: the biggest outflow of one hundred and sixty two point 77 00:04:28,760 --> 00:04:31,719 Speaker 6: two million dollars. Following withdraws from the two hundred eleven 78 00:04:31,720 --> 00:04:34,359 Speaker 6: million dollars from the ten point three billion dollar I 79 00:04:34,480 --> 00:04:37,880 Speaker 6: shares China Large Cap its largest weekly withdrawals since May 80 00:04:37,920 --> 00:04:42,120 Speaker 6: twenty twenty. Chinese officials have announced their boldest economic stimulus 81 00:04:42,160 --> 00:04:45,120 Speaker 6: since the pandemic in recent weeks after a slew of 82 00:04:45,160 --> 00:04:46,279 Speaker 6: weak economic data. 83 00:04:46,680 --> 00:04:50,840 Speaker 1: Charlie Blumberg's Erica Hurskwitz again the Los Angeles Dodgers beat 84 00:04:50,880 --> 00:04:53,679 Speaker 1: the New York Yankees Game three of the World Series 85 00:04:54,000 --> 00:04:58,360 Speaker 1: four to two. Game four takes place Tuesday evening at 86 00:04:58,480 --> 00:05:02,200 Speaker 1: Yankee Stadium in the World Bronx, That's news when you 87 00:05:02,240 --> 00:05:05,479 Speaker 1: want it with Bloomberg News. Now, I'm Charlie Pellett and 88 00:05:05,720 --> 00:05:07,080 Speaker 1: this is Bloomberg