1 00:00:00,360 --> 00:00:03,320 Speaker 1: News when you want it with Bloomberg News Now, I'm 2 00:00:03,440 --> 00:00:08,000 Speaker 1: Charlie Pellett. Vice President Kamala Harris says she strongly disagrees 3 00:00:08,039 --> 00:00:11,240 Speaker 1: with comments made by President Biden that have been seized 4 00:00:11,280 --> 00:00:15,840 Speaker 1: on by Republicans as insulting to Donald Trump's supporters, seeking 5 00:00:15,840 --> 00:00:19,759 Speaker 1: to distance herself from a brewing controversy that threatens to 6 00:00:19,960 --> 00:00:23,880 Speaker 1: undercut her momentum in the final week of campaigning. So 7 00:00:23,960 --> 00:00:27,880 Speaker 1: what about the elections and US markets, specifically bond yields. 8 00:00:28,080 --> 00:00:32,839 Speaker 1: Emily Rowland is co chief investment strategist at JH Investments. 9 00:00:33,040 --> 00:00:35,199 Speaker 2: It all comes down to the election, and we're kind 10 00:00:35,240 --> 00:00:38,000 Speaker 2: of process of elimination investors. When we look at this 11 00:00:38,080 --> 00:00:39,800 Speaker 2: backup in bond yields, we want to see, well, it 12 00:00:39,880 --> 00:00:43,920 Speaker 2: was a commodity driven. Are we seeing inflation expectations increase? 13 00:00:43,960 --> 00:00:46,519 Speaker 2: And in fact, there's a lot of signs of disinflation 14 00:00:47,159 --> 00:00:49,320 Speaker 2: right now. We look at things like wage growth that's 15 00:00:49,320 --> 00:00:51,840 Speaker 2: gone from as high as four percent on average hourly 16 00:00:51,880 --> 00:00:55,960 Speaker 2: earnings down to two percent. Initial claims still contain continuing 17 00:00:56,000 --> 00:00:58,800 Speaker 2: claims actually quite elevated. The quit rates come down, So 18 00:00:58,880 --> 00:01:01,360 Speaker 2: the days, by the way, leaving your job and finding 19 00:01:01,400 --> 00:01:02,600 Speaker 2: another one to make more money. 20 00:01:02,680 --> 00:01:03,680 Speaker 3: I think are behind US. 21 00:01:03,880 --> 00:01:08,280 Speaker 1: Roland was interviewed on Bloomberg's Surveillance. Companies looking to go 22 00:01:08,360 --> 00:01:11,200 Speaker 1: public in the US this year have seemingly given up 23 00:01:11,240 --> 00:01:15,000 Speaker 1: on the traditional window after the Labor Day holiday in September, 24 00:01:15,280 --> 00:01:17,840 Speaker 1: dashing hopes for a rush of deals ahead of the 25 00:01:17,880 --> 00:01:22,120 Speaker 1: presidential election. More from Bloomberg's tom busby Jarlie. 26 00:01:22,160 --> 00:01:26,080 Speaker 4: According to data compiled by Bloomberg, proceeds from inaugural share 27 00:01:26,080 --> 00:01:28,640 Speaker 4: sales on the public markets have brought in seven point 28 00:01:28,680 --> 00:01:32,880 Speaker 4: seven billion dollars since September second now that's about one 29 00:01:33,000 --> 00:01:36,360 Speaker 4: fifth of total volume so far, and significantly lower than 30 00:01:36,400 --> 00:01:39,479 Speaker 4: this time last year, when Armholdings and others raised nine 31 00:01:39,480 --> 00:01:42,840 Speaker 4: point six billion. Offerings from ticket platform stub Hub and 32 00:01:43,000 --> 00:01:47,279 Speaker 4: AI semiconductor maker Cerebra Systems, both of which were weighing 33 00:01:47,360 --> 00:01:51,960 Speaker 4: fall debuts, have yet to materialize, and heavyweight contenders, including 34 00:01:52,000 --> 00:01:55,840 Speaker 4: fintech groups Chime Financial and Clarinebank, are already focusing on 35 00:01:55,880 --> 00:02:00,920 Speaker 4: twenty twenty five. Charlie Bloomberg's tom busby reporting the US 36 00:02:01,040 --> 00:02:04,400 Speaker 4: economy grew by two point eight percent in the third quarter. 37 00:02:04,480 --> 00:02:07,080 Speaker 4: That is down from the three percent rate in the 38 00:02:07,120 --> 00:02:11,400 Speaker 4: prior three months, but consumer spending rows three point seven percent. 39 00:02:11,760 --> 00:02:14,720 Speaker 4: That's the most since early last year. Claudia Sam is 40 00:02:14,800 --> 00:02:19,560 Speaker 4: chief economist a New Century Advisors, and a Bloomberg opinion Cottonness. 41 00:02:19,720 --> 00:02:21,960 Speaker 5: It's not just one quarter. 42 00:02:22,240 --> 00:02:24,800 Speaker 2: We have now put together four quarters that are about 43 00:02:24,840 --> 00:02:29,320 Speaker 2: three percent growth in consumer spending inflation adjusted, and you 44 00:02:29,440 --> 00:02:33,440 Speaker 2: put that together with business investment. That's what we're looking for. 45 00:02:33,680 --> 00:02:34,400 Speaker 5: Like, this is a. 46 00:02:34,400 --> 00:02:37,600 Speaker 2: Really good report, and it's not one to be afraid of. 47 00:02:37,919 --> 00:02:40,440 Speaker 5: The Fed is not going to be afraid of this report. 48 00:02:40,880 --> 00:02:43,760 Speaker 5: We have supply coming online, we have productivity higher. 49 00:02:44,280 --> 00:02:46,480 Speaker 2: Like this really is good news. 50 00:02:46,560 --> 00:02:51,440 Speaker 1: Bloomberg Opinion, Cottonness. Claudia Sam a guest on Bloomberg's Surveillance Sam. 51 00:02:51,480 --> 00:02:54,640 Speaker 1: We got positive news about the labor market out of 52 00:02:54,639 --> 00:02:58,200 Speaker 1: the government's official report on Friday, And with that story, 53 00:02:58,200 --> 00:03:00,360 Speaker 1: here's Bloomberg's Vinie Deljudi. 54 00:03:00,440 --> 00:03:04,360 Speaker 3: Payroll processor eightypis. As American businesses added workers at the 55 00:03:04,400 --> 00:03:07,080 Speaker 3: fastest pace and more than a year, almost a quarter 56 00:03:07,120 --> 00:03:10,400 Speaker 3: million last month. The strength was across most industries, with 57 00:03:10,480 --> 00:03:14,040 Speaker 3: manufacturing the only sector to lose jobs. The data suggests 58 00:03:14,040 --> 00:03:18,000 Speaker 3: America's jobs market remains healthy, even with two hurricanes sweeping 59 00:03:18,000 --> 00:03:20,960 Speaker 3: the US South and a walkout at aircraft maker Boeing. 60 00:03:21,240 --> 00:03:23,000 Speaker 3: Any girl, chide Ice Blomberg Radio. 61 00:03:23,120 --> 00:03:26,480 Speaker 1: Air Bus is reiterating its goal for seven hundred and 62 00:03:26,480 --> 00:03:29,960 Speaker 1: seventy aircraft deliveries in twenty twenty four, sticking to the 63 00:03:30,000 --> 00:03:34,120 Speaker 1: closely watched target and with more. Here's Bloomberg's Denise Pellegrini. 64 00:03:34,360 --> 00:03:37,120 Speaker 5: Charlie. This is despite supply chain glitches that have really 65 00:03:37,120 --> 00:03:40,520 Speaker 5: weighed on the planemaker's ambitious plans to boost production. And 66 00:03:40,640 --> 00:03:44,400 Speaker 5: maintaining its fullier delivery target does signal Airbus is confident 67 00:03:44,560 --> 00:03:47,320 Speaker 5: it can speed output during the final months of the year. 68 00:03:47,480 --> 00:03:51,040 Speaker 5: Several analysts had expected it to trimnegel after it delivered 69 00:03:51,160 --> 00:03:54,120 Speaker 5: under five hundred commercial jets through the first nine months 70 00:03:54,120 --> 00:03:56,440 Speaker 5: of the year. This is the world's largest planemaker. It's 71 00:03:56,440 --> 00:03:59,200 Speaker 5: been unable to build aircraft fast enough to meet Demanda's 72 00:03:59,200 --> 00:04:02,760 Speaker 5: airlines upgride fleets with more fuel efficient jets, and production 73 00:04:02,800 --> 00:04:05,120 Speaker 5: at rival Boeing is hurt by the ongoing strike. 74 00:04:05,160 --> 00:04:09,200 Speaker 1: There Charlie, Bloomberg's Denise Pellegrini. And that's news when you 75 00:04:09,200 --> 00:04:12,280 Speaker 1: want it with Bloomberg News. Now, I'm Charlie Pelatan. This 76 00:04:12,680 --> 00:04:13,360 Speaker 1: is Bloomberg