Prepare for their first debate. Says it is close to compromise in australia that would force it to pay for news desk get a quick check of the market. Usurers are under pressure. Futures are under pressure. The s p 500 lost half a percent in the regular session. The volume was lower than the 20 Day Moving Average given that we had the first president ial debate coming up at about three hours. Data was positive. Consumer, its jumping u. S. Consumer confidence was jumping. Companies imported more on demand. That news sent the dollar weaker. We got some fiscal stimulus negotiations and talk about a potential deal continuing to affect the markets. Look at what oil is doing. It continues to fall down toward 39 per barrel. Thats the lowest level in two weeks. It is plunging below the 100 Day Moving Average for the First Time Since june. Top traders are saying that oil will not meaningfully recover for at least another 18 months. The resilience of the chinese economy that drives the ecocalendar here in asia. Show a continued drift into multiple contractionary conditions. We are also awaiting Japan Production numbers as well as policies connected to the first president ial debate. Kiwi stocks are up. Trading infutures chicago can flat. Korean markets on a public holiday. This is the last day of trading for Mainland China before they go on the golden week holiday. Sidney futures are lower. The aussie dollar, broadbased dollar weakness overnight. It is skipping ahead. The top story, the faceoff between donald trump and joe biden. We are just hours away from the first president ial debate. There has been no shortage of contentious topics. China policy is expected to be front and center as well as the pandemic response. Joe biden is still maintaining a lead in the polls. Plenty is at stake over crucial swing vote. Kevin cirilli is on the ground with all the action to come and cleveland. Great to see you there. Tell us about the mood where you are. What are the main issues and what is at stake. The mood is there is some socially distanced palpable anticipation outside of the Cleveland Clinic ahead of the first president ial debate. There has been some political talk being thrown around. They are talking about earpieces and whatnot. Where it ishis is an opportunity for president offerand joe biden to their competing vision for what direction we want to take this country in during the recovery. Not just with the Health Concerns from the coronavirus, but the economy. Congressman conor lamb, a democrat from pennsylvania, a democrat who flipped a district that President Trump carried into thousand 16. I asked him how did he do it . He said by talking about the economy. The bar for joe biden is to convince individuals, convince voters that he is not going to be beholden to democraticsocialist. Look for President Trump to portray him as doing just that. For the president , he has to make inroads in key battleground states. In pennsylvania, he is down 10 percentage points. He has to be able to make the case that his defense of his handling of the coronavirus where he is significantly trailed when he is up against joe biden. We all care about policy and all of this issues that you mentioned. What about the noise . Joe biden just released his tax returns hours of the bait hours ahead of the debate. I was talking with a Senior Advisor to the president , kimberly guilfoyle. She said that is going to provide an opportunity for the president to discuss the tax vision that he has not just for the business community, but also for middleclass americans. The tax issue will fall largely along ideological lines. Lets talk geopolitics and trade policy. As it relates to the u. S. And china, this is likely going to be a key theme that emerges between now and november 3. Not just from a National Security perspective, but also in terms of galvanizing how the u. S. Economy will compete globally. Regardless of who wins, i think are something that are here to stay for the immediate shortterm for a negotiating Company Countries like china. Theresregardless a risk that there wont be a determination come november or it could be very the president is already setting up for that kind of narrative. Is this the worry of the people you speak to . Yes. As it relates to the mailin ballots and voting. All you have to do is look on the bloomberg terminal the volatility index to see how much investors are anticipating a volatile zone november and december as it relates to politics. It is not just the election that is driving this volatility. It is also the confirmation to the Supreme Court of amy coney barrett. It is also the Affordable Care act that is set to begin. Quite literally in many ways on the ballot on november 3. Then, fiscal stimulus. Democrats are set to vote on a 2. 4 trillion economic stimulus plan. This could be the last chance before the election. That was Kevin Cirilli joining us from cleveland ahead of a busy night as we head toward the president ial debate. Coverageave special beginning in a couple of hours. 8 30 p. M. Here in new york. Plus, more analysis ahead. Now lets get to Karina Mitchell. Eyes may be on cleveland for the debate tonight, but there is politicking happening in washington. The house may vote on a virus relief package this week. And Steven Mnuchin have discussed the democrats latest plan and hopes of striking a deal before the election. The democrats are talking about 2. 4 trillion program. Resident up wants to keep it at 1. 5 trillion. Ns to unblock brexit plans and brussels before a leader summit next month. The u. K. Submitted two proposals but eu sources say not enough progress has been made for negotiations to enter the tunnel phase at the end of this week. Boris johnson has set a deadline of midoctober for a deal. Jp morgan has admitted wrongdoing and will pay almost 1 billion to reserve resolve claims. It is the largest sanction ever tied to an illegal practice known as spoofing. None of the traders have been charged yet. Quicktake by bloomberg. Powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Ahead, one giant says health care and financials might move the most on elections. Plus, a Washington Post reporter says he had no intention of releasing the tapes of his interview with President Trump. This is bloomberg. September is set to be the lowest trading month since march. We are not sure where stocks are going especially with the election uncertainty. What gives you certainty that it could move higher from here . What gives us conviction is thirdquarter gdp estimates are anywhere firm from plus 10 to plus 30 . This is the october surprise. Investors dont understand how strong the rebound was and while there are definitely losers in that swath of the economy will linger, there is significant strength underneath. Talking about losers, energy has had a bad month. Function shows how Energy Stocks have been the biggest losers in this past year. You continue to hold some of the oil and gas names. Why . Part of our discipline is to maintain sector exposure within specified channels never less than 50 and never more than two times. Energy is an important part of the economy. A large part of everyones pocketbooks is still spent driving their cars and heating their homes. Have a greener future, that is super important. At the same time, the dividends for Companies Like chevron are rocksolid. It provides a great alternative to other lower yielding assets. Of financials, one of the largest impacted sectors if were are going to change administrations. What Health Care Changes to your portfolio would you be making . It is interesting that health care was one of the best performing sectors in the First Quarter during the kobe crisis, yet it has continually been among the since the end of march. To do with the direction the Health Care Crisis is going and. That healthident care is extremely important to everybody. Everyone wants to have the right prescriptions, the right health care, the right doctors did we feel that this is an undervalued sector. A lot of people have been excited for quite some time for the value. The dispersion between the Growth Stocks versus the value stocks is, we havent seen anything like this since going back to 1999 2000. While yes these are companies with great consumer demand for apple lets say or microsoft for , those companies in the Technology Sector is overvalued and there is a lot of pentup demand to reshore customers back home, to have them here in the united states. That involves Cyclical Industries like industrials and materials. We have seen a quiet rotation into some of the sectors and stocks since june. It really started bearing fruit stocks,mber when i. T. They started falling on their knees a little bit. Materials is the best performing sector month to date in the s p 500. I appreciate your time. Bidenonald trump and joe take the stage, one of the big topics will be the president s approach to the pandemic. He told the Washington Post bob woodward that he intentionally play down the severity to avoid panic. We spoke with bob woodward about what persuaded him to release the sound clips read. I was thinking of not aleasing the audio and representative of cnn and my wife also persuaded me that it this time when people distrust everything especially the media, Donald Trumps voice is the most recognizable voice in the world perhaps. Put it out then people can hear it for themselves. Even after doing this for 50 years, you learn things about how to communicate. Quite honestly, i did not realize that at the time, we have now released 38 clips. I think my assistant, steve, still has eight hours and 30 minutes in the can. We will release things that might become relevant for instance when the Supreme Court , who trumpcame up was going to nominate, that he had the opportunity to replace ruth bader ginsburg, we dug into the tapes and found a number of things that were quite relevant that trump said about his relationship with mitch trumpsl and donald passionate drive to change the federal judiciary. In the final days, not all of there is a moment where someone with puritanical intensity had to tell Richard Nixon it was over. The Senate Republicans today, they seem in no way related. No wayem to be in relation to those of another time. Tell us about your surprise at the action of Senate Republicans in the recent months. Notn a way, it is surprising because they have been supporting the president in some cases quite blindly and it is almost on autopilot. As i quote Jared Kushner in my kushner being the president s soninlaw and effectively in a practical way the white house chief of staff, i quote him as saying trump executed a hostile takeover of the Republican Party and i think thats exactly what happened. Is, in ale takeover political sense, total control. People in the senate particularly do not want to cross the president and get on his bedside. As we know, if you get on his bad side, he will tweet about you or say almost anything about anyone. People are protecting themselves. I think not just politically, but emotionally, they dont want to go into the arena with donald trump. The Republican Party was republic was reportedly dead after the challenges of Richard Nixon. Republicans after trump whether it is one term or two terms, do they risk being a party that disappears . Thats over going to find out in 30 plus days, the november 3 election or at least were going to get a clips of it. A glimpse of it. The final outcome is also in doubt. One of the things in our business, there is too much predicting and people really dont know the future. My take on whats going to happen november 3 is anything can happen. Donald trump can win, joe biden can win, there will be total confusion and chaos for not just days, but maybe weeks or got help us longer about who is going to be the next president. Woodwardas bob associate editor of the Washington Post. Palantir gets a Reference Price for its longawaited direct listing as the founder tightens his grip. Thats up ahead. This is bloomberg. Trading laterarts on wednesday. Earlier, we had a Reference Price for the direct listing. What are we expecting . We are expecting palantir to begin trading on wednesday. They just set a Reference Price which seems like a step forward, but bear in mind it is no shares issued and by any share at this price. Right now, it is just a reference for investors. It is set i the exchange, not the company. Tomorrows first trade is the most important number we are trying to get. What does this mean for peter thiels grip on the company . It has an interesting class structure. Its not the First Company to have a superior class for founders and management. The difference is that peter thiel and two other executives will have superior Voting Rights forever. It is designed for them to have outside power over investors for however long this company exists. Bear in mind, this is a company that people often described as being secretive. It drew the criticism that they are trying to run the company as if it is a private company, even though it is now going public. Only peter isnt the Thiel Company going public this week. We have also heard about a sauna. Yes we havent had a direct listing and one year, now we have two and the same day. They both have a peter thiel connection. Asana is a software company. They just got a Reference Price set at 21 and they are trading tomorrow. They also have the same underwriter. For peter thiel, it will be a busy wednesday. Lets a quick check of the business flash headlines. The proposed buyout it has now put out 40 billion, a 40 premium in tokyo. They will pay ¥3900 per share of the stock. Controls, two thirds of the carrier its proposal is all but guaranteed to go through. The board is in favor of the takeover which would be the largest in Japanese Corporate history. It is close to a compromise in australia as it continues to have a drive for proposed legislation water down. The government wants social media to compensate. Google argues the bill does not reflect the value the platforms provide themselves. Halted shipments to huawei technologies. Forecasting oversupply and a key market index deal. They said they stopped sending components to huawei on september 14 as the Trump Administration tries to sever the ties with u. S. Suppliers. Tiktok has launched a u. S. Election guide as it faces a band from the Trump Administration. It offers a range of languages of what it said in an attempt to stand the tide of fakeness. Up next, how asian markets have performed as the fourth rules to a close. Rules to a close. This is bloomberg. Karina i am Karina MitchellPresident Trump taxes will be high on the agenda. Joe biden added to the mix by releasing the most recent tax returns. He paid 300,000 in income tax last year while the president is reported to have paid just 750 in 2016 and 2017. In new york, the region is facing more damage from covid19 with 6000 businesses closing down. A jump of 40 in bankruptcy filings. The state is struggling with a resurgence in virus infections and with the northern winter on the way, more businesses are expected to close Outdoor Dining down and people continue to stay indoors and work from home. Thailand will borrow 50 billion in the next fiscal year to boost stimulus and counter the economic fallout from collapsing terrorism amid the coronavirus. The government approved the plan, which is down on the earlier borrowing forecasts. It would push the public debt to gdp ratio to more than 57 , close to thailands legal limit of 60 . Changess making minor to its dragon capsule i have next months manned mission to the International Space station. Heat. Reinforcing the it is installing a more powerful Pressure Sensor which will allow dragon to go to have parachutes deploy at a higher altitude. Global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. I am Karina Mitchell. This is bloomberg. Shery. Shery september pmi numbers from china are expected to show a slowing in the many extreme recovery. Lets discuss this and the other factors affecting trade in the asiapacific today with adam haigh. What are some of the key points to look out for in the china data today ahead of also that big golden week break . Data, weng into this had the early indicators from the Bloomberg Economics scene which point to a lump year recovery. Lumpier part of the picture of what investors are looking for today is more of that theme of the fact that the manufacturing expansion is continuing or be at a pace that is making a few steps back and saying, listen, this is the economy, the biggest in asia. First in to the recession, first out in terms of the big global slowdown. Leading up to the holiday period, Chinese Markets will shut tomorrow for a weekend. Typically, we have a big Consumer Spending and pictures coming through into the economy. That is going to be an important gauge for investors as we see that over the coming days. To see how the Holiday Spending is playing out. Whether we can breathe life into the equity market which has largely been stalling since july. The currency has been performing pretty well. People are happy with the overall growth story antenna. It will be important for investors. Shery of course, it is coming to the end of the months. Might we be in for a little bit more volatility throughout the course of the session . I want to throw up a chart to take a look at how performance has been. What do we expect from the Fourth Quarter . Adam certainly today, you saw it in the overnight session. Equity volumes are off to the tune of 20 or so. Clearly little bit of a portfolio rebalancing going on to the end of the months and the quarter. The big thing for the Fourth Quarter of course is the election. The u. S. President ial election. The way that that could produce a protracted ego battle and kind of a tricky and hard to plan out istcome for investors the risk of q4. You are seeing that volatility placed into markets. Not everyone believes that is the way that investors should be positioned. Sayingt Goldman Sachs they are overpricing election rest. When you have such a key event risk and markets showing signs of jitters weeks before that, it shows you something about how much of an issue it might be. The other factor is how well the virus continues to be contained or not as is the case in places like europe with the feeling that the region is on the precipice of whether it goes further into the doldrums in terms of its containment or whether they can continue further lockdowns and put a brake on some of that Public Health issue there. They are the real event risks, the containment or lack of for the virus in the u. S. President ial election that will define what happens in q4. Haidi adam haigh there. Coming up next, staying on the u. S. Election, moving up a gear as the two candidates are preparing for a faceoff in the first debate. We will discuss the prospects with henry. This is bloomberg. Shery joe biden will debate President Trump for the first time in just a few hours. The event is among the most consequential on the election calendar. John has one of his last and best chances to move the needle. Tom perez spoke to bloomberg about the message biden is preparing to share. Tom joe biden will talk about his vision for america. How do we address these three crises, the pandemic, the economic collapse, the civil rights challenges, the failures of this president are in stark contrast to joe bidens vision. He is seeing the world through scranton, pennsylvania. People across america struggling to deal with the coronavirus. 200,000 deaths. This president has given up. Health care, health care, will be a big discussion tonight. Ballot, on the docket of the Supreme Court on november 10. So there will be a lot of discussion about that. In the middle of the pandemic, donald trump wants to do away with coverage for people with preexisting conditions. Joe biden wants to do just the opposite, make sure that we address the pandemic. Health carecess to coverage. Bybuild back america better investing in our human capital, by building an economy that works for everyone. These are the things that joe biden is going to talk about. They are two diametrically different visions of america. Joe biden believes that everybody should have a fair shake. Joe biden believes that zip codes should never determine destiny. Joe biden has peoples backs. I am here in cleveland right now and people in ohio, michigan, and pennsylvania, they remember that barack obama and joe biden saved the auto industry. And the republicans wanted it to die. Sorry. Wants . Ow joe biden but who is his core audience . The suburbsin around cleveland, for example, and cincinnati . Who is his core target audience tonight . Joe biden set i want to be the president for everyone. He is the uniter in chief. His vision for america, when you talk about addressing the covid crisis in a real way, that is talking to everyone, because covid does not discriminate. Covid has touched so many people. It has disproportionately touched communities of color, but it does not discriminate in the sense that everybody has been affected in one way, shape, or form by covid. When joe biden is talking about how to address the covid crisis, he is speaking to everyone. When he is talking about health care, theres so many people with preexisting conditions. Republicans, democrats, independents, white, nonwhite, urban, rural, suburban. These are the people hes speaking about. There are so many people right now who want a leader who can bring us together. You know, im sitting in a state very sherrod brown, a progressive democrat, and john kasich, the former republican governor of the state of ohio, both support joe biden. I bring that up because it really illustrates that joe biden the coalition is diverse and it is growing. It is important you bring that up. Ohio is very key and president ial races, particularly for the republicans. No republican ever won the presidency without winning ohio. What are the chances he can win in ohio . What are you seeing . Tom the polls that have the most rigor the last three poles that were out that i saw had biden up two, which is a margin of error. Tom perez speaking to our colleague, david westin. Joining us now for more analysis and insight on what to expect in this first president ial debate is henrietta. Great to have you with us. Lets set the scene in terms of the top issues. China, foreign policy, the handling of the pandemic will be key as well as potentially the issue of trumps taxes as well. Is the onus on either candidate tonight to have to deliver a real blowout performance . Henrietta if you look at a candidate who has consistently, for at least five months now, been down by nine points in the polls nationally, and is behind in the majority of the Electoral College in terms of getting to 270 votes, that person needs to blow it out of the water. That person is the incumbent, donald trump, and i think that he has set the bar very low for joe biden to the point where pollsters are asking questions about bidens mental acumen. The bar is exceedingly low for joe biden so i think that makes it easier for him to appear to come out on top at the end of the day. Answer President Trump, he really needs to overcome not only the coronavirus and the , we that yesterday exceeded the one million death toll cap globally. We are in eight plus percent unemployment situation. We are not getting further stimulus from here. The New York Times dropped the bombshell of his taxes where he years750 in two separate or zero in the rest of the last 15. You have a dearth of good news for President Trump at the moment and he needs everything he can get. To that end, i anticipate instead of the economy. In atl he bring that every point to try and work it into how he will forge the next four years . Henrietta i certainly would. The Supreme Court has the potential to galvanize the religious right, the conservative right, make sure those voters get out and vote. They turned out in great numbers in 2018, but obviously, the numbers they turned out in were not sufficient. Right now, independent voters by a 10 point buffer in the Democratic Caucus camp. That is a remarkable delta between the two sides. To appealtrump needs to those voters. Unfortunately for him, those voters tend to support roe v. Wade. They do not take that far religious right bent. That they are increasingly agnostic and not necessarily in this cohort. I would encourage president to play to the strength he has without overdoing it. Talk about how important Citizens United or roe v. Wade or other choice options, religious choice is a major Sticking Point for this Supreme Court nomination. He can hammer that home at any opportunity, especially when it comes to a discussion around the coronavirus, his handling of it, which is where he consistently polls the worst. Shery another round of stimulus measures . Henrietta that is an interesting question, when i get a lot from investors. It is definitely something that people assume the republicans would be committing political suicide not to provide more fiscal stimulus. That is a talking point that is felt on the street, amongst the investment community. That is not how republicans feel on capitol hill. They dont want to bail out airlines again. They dont want to provide 600 a week in Unemployment Insurance benefits. They certainly dont want to blowout the deficit. They would prefer to hammer the idea that the unemployment numbers dropped even more precipitously than anyone anticipated, halfway off their highs of 14 in april, and the coronavirus is getting under control. That was their message during the rnc and its going to be there message today. They are optimistic about a vaccine coming in october. They want people to get back to work and reopen. They see stimulus as rife with fraud, waste, and abuse. For the talking point that this is, you know, somehow political suicide for the president not to get more stimulus is just not how they feel in d. C. President trump would definitely be aided by providing another 1200 in direct payments to individuals. Free cash is always fun. 500 a week in unemployment would be huge to the individuals who are unemployed right now. Sides. Re reasons on both President Trump will try and have it both ways tonight. Is going to say i dispatched my treasury secretary. They are negotiating a deal. We will see what happens. In that manner, he gets to say he is the dealmaker without having to take any of it. Shery we continue to see headlines. Investors worry what is going to happen to President Trumps tax cuts and what would happen if joe biden comes in. Ratherta these fears are wildly overblown. I would encourage people to have a background conversation with any of the democrats in leadership positions in the house, in the senate, and ask them what they think about the mutual exclusion of stimulus for tax increases. It is something that is a major killer of their campaign to not undo the individual tax cuts or the Corporate Tax cuts and the trump plan from 2017 but to raise them up to some extent, so for instance, the Corporate Tax rate would rise to 28 . Do you think you should also offset stimulus in the First Quarter of 2021 . The answer is a resounding no. They have plans for two separate deficit increases, neither of which would be offset by the tax increases or spending cuts elsewhere so this is 2 trillion a bridgeovid relief, to get america through to where we have a vaccine and we can reopen restaurants to full capacity, or even 50 capacity in certain states, and a way to just get us through the next couple of months until we can get to a place where we can ramp up vaccines and distribution. And then there is another stimulus plan that was in place even before covid hit. That is infrastructure spending. It can range from 2 trillion to 4 trillion. You combine those and you have substantial deficit spending. Not a lot of focus on how to pay for it. Which i would say, spend some time on the Senate Democratic conference and what they will look like in 2021. This is a major misconception on the street as well. In the event there is a blue wave, you are looking at 50 three or 54 democrats. That is not 60. That is not what barack obama had when he was passing the reinvestment act. You are looking for five to 10 republican votes and may definitely do not have those for tax increases. Youre looking at a lot of deficit spending. Potentially reduced tariffs. Mostly spending. That is why chairman powell is telling speaker pelosi, please, do something. Lets get this show on the road. Shery always great having your thoughts. Thank you so much, henrietta treyz, director of economic policy, setting up the stage for that president ial debate coming up. Tune in for that because we have that debate in todays addition of daybreak as well and you can check that out on dayb on your terminal and its also available on mobile in the bloomberg anywhere app. Isnext, google says it nearing a compromise with the Australian Government on new laws that would force it to pay for news content in what would be a landmark deal. This is bloomberg. Haidi google says it is nearing a compromise on new laws that would force it to pay for news conference. Paul allen has the story for sp and what do we know . Have a few details. The managing director for google says he wants this deal to be fair and he thinks it can happen. Just to give the background on this, the government wants to introduce legislation that will make facebook and google pay for media content and the intention is to level the Playing Field between local media and these social media giants so this is something media organizations have been complaining about for years, that facebook and google have essentially been getting a free ride off their content. While they have been bearing the costs. Google wants some changes in three areas. They want both sides contribution to be taken. Google also does not want to have to share data beyond what publishers are already getting and similarly sharing the algorithm changes. They want requirements around that to be less onerous as well. There is willingness on the bureaucracy side to reach a deal, too. Rob sims says this curb will change. It is just a draft. The case is being watched globally because this is a bit of a test of how other countries might approach the same problem. Shery perhaps we are seeing some progress on that front but what is happening with facebook . Has taken the opposite approach to google. Earlier this month, threatened to block australians from sharing news on facebook if this law got past. It would not buckle to these heavyhanded threats. It pointed out the contributions facebook makes. 2ebook says it sent to billion clicks from its news feed to Australian News website but they really are sort of oldschool stand over tech fix. David ficklin summed it up really well. It is a nice Media Industry you have got here. Wouldnt it be a shame if something happened to it . It would be interesting to see if google is able to work out some have compromise with the government. Shery paul allen in sydney. Its get a quick check of the latest business flash headlines. Chinese leaders are evaluating the potential risks posed by top developer evergrande as the highly Indebted Company battles the looming cash crunch. The concerns go all the way to the cabinet and Financial Stability commission chaired by vice premier liu he. Options on the table include stateowned Companies Taking stakes in evergrande and a proposed listing of an electric vehicle unit. Chinese search and Gaming Company agreed to let tencent take its Search Engine private. Tencent will pay 1. 8 billion for the unit at a premium of around 55 to the last close in july when the proposal was initially announced. The deal may close by yearend and we will see tencent own a Search Engine that has long been the default of its app. We have reported qantas is selling pajamas. Singapore airlines is a novel way to make cash through covid. It is set to open one of its superjumbo diners, turning the plane into a pop up restaurant. Customers will be allowed to pick their seats and will have access to inflight entertainment. The restaurant opens for business at the airport on october 24. Times. What a sign of the lets take a look at markets as we head into this first u. S. President ial debate in a few hours time. We are setting up when it comes to u. S. Futures. We are seeing just a bit of positivity as we continue to see slippage when it comes to u. S. Stocks trading earlier on. Pretty low volumes going into that debate. The dollar seeing broadbased weakness. Qe stocks up by. 25 percent. In sydney, looking like a bearish start to the session, looking like indicated downside of just over 1 at the start of cash trading. The nikkei 225 is trading flat with the future session in chicago and we have korean markets out on a public holiday, leading to thin liquidity, particularly ahead of golden week holidays across Mainland China. Take a quick look as well at dollar china trading at 68179 at the moment. Fors emerging as a standout investors looking for stability. It is lending to the u. S. Dollar at the moment. Coming up over the next hour, we will be speaking to the chief investment strategist, jimmy. He talks strategy ahead of the last trading day of the quarter. Thes now threatening worlds food supplier. We hear from a tech company that uses ai to predict patterns. Lots more to come. This is bloomberg. So youre a small business, or a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Haidi a very good morning. I am haidi stroudwatts in sydney. We are counting down to asias major market open. Shery i am shery ahn in new york. Our top stories this hour. The u. S. Election moves up as the two candidates prepare for their first debate. Relations with china are expected to be hot topics in cleveland. Asian markets face an uncertain session as Traders Await the latest check on chinas postvirus recovery