On the day could be the reemerging trade war between the u. S. And china, china saying it will slaps sanctions on defense contractors. On this we have greens and other commodities lower, along with stocks. The chip index is a poster boy for the u. S. China trade war that is underperforming, down 2. 5 . That is another nuance developing, as if we needed more. Guy talk to us about david talk to us about the bonds. Last week we were talking about the reflation trade. We saw the 10 year goa above 85 basis points. Now i see it below 80. What happened to that trade . Abigail that is the bid for bonds. That tells you some traders are nervous. They are hedging around not just today but last week. That is why we had bond selloff last week. The yield curve steepen spirit we had stocks down. The nasdaq 100 down for the first time in five weeks. Todays trading action is a continuation of what we did have last week, and it is interesting. Another piece you and i were talking about last friday was the yield curve steepening does pressure stocks. Today the yield curve is in but last week was at the highest level since 2018, so that could be a piece of what we are seeing today. 70 factors weighing on the market, but stock investors not liking it. David a fair amount of action we will keep our eye on. Thanks to Abigail Doolittle for that report on the markets. The two sides of the stimulus negotiations made little progress over the weekend. That leaves hopes for getting something done almost gone. We welcome terry haines, founder of pangea policy. Always a pleasure to have you with us. Can we drive a stake through the heart of stimulus before the election at this point . Is it over . Terry i certainly hope so. It is interesting. An example of people talking themselves into things. I am frequently nonconsensus, but i was not, i was not nonconsensus in washington clinical context. My view has been both pelosi and the white house thought it was in their political interest to keep tickling markets to avoid a market downturn or selloff and take credit for whatever the resulting good is. That is clearly not going to happen before the election. David that is before the election. What about after the election . The lameduck session. We have heard nancy pelosi say we can come back in the lameduck. Is that realistic . Will the problems go away or be better after the election . Terry i only member three things i was taught in moscow. One is to say it i was taught in law school. One is it depends. It depends on what the Election Results are. My view is investors should not be full by talk the stimulus deal should be immediately sorted out after the election. I think it is misplaced. If there is a status quo election, if you get trump still republican senate, still republican house, you have the best opportunity to get something done quickly. Rther in and all d for all isnario, and the all d likely as a looming possibility, the Opposition Party, the one that will become the Opposition Party will make the new majority wait until january 20. There is no political reason to do it otherwise. ,ancy pelosi wants a big number democrats want a big number, republicans of no political interest to give a big number so they will not do it. Same with republicans should we in in all r washington like 2016. The only way that changes is if there is an economic crisis of a march 2020 proportion and nobody thinks that is likely. I would say not. David even beyond the stimulus, lets talk about what happens after january 20, whichever way it goes. Is there as big a policy difference between the two of them as there appears to be, and can Vice President biden get that done if he becomes president . Terry let me say two things. One is reflected in your first question about stimulus and markets. One of the more concerning things to me about what is happening with markets today is there is an echo chamber in washington that are disconnected from what people in washington actually think and believe. Stimulus is strong evidence of that disconnect. Most in washington thought it was not likely for the last two months. The markets continue to say that is the case. Today we are getting a situation where a lot of people on wall street are expressing increasing confidence in a unified democratic government outcome that may lead to a significant fiscal expansion. I think that is somewhat misplaced. If you get a joe biden administration, what will happen immediately is you will get internecine warfare between centrist and progressives, who will think they elected joe biden and think they deserve a green deal, that sort of stuff is already happening. On a policy matter, you will get to the nail fighting on what a tax increase and what tax legislation looks like. Centrist wanted to look at a much more conventional way, but progressives view it as the braces of a green deal expansion. You will not get something quick or easy, and you will get a wholesale fight among the democrats alone about what is likely to happen. Trump company a second term, i think is largely stymied by circumstances. Increased debt, increased deficit. I think he does make another run at infrastructure. I think those were interested in the blue sweep have a lesson comingo them about the ways in which the president and Congress Work together. Carter, whenith democrats in the majority clearly do not agree with carters priorities. We saw with clinton in the first couple of years, and we saw again with obama. We are likely to see that again. That is not good news for those who want a quick and easy change in priorities in washington. David youve watch this happen for 70 years. E of the most important things for a new president is to set priorities. He cannot get anything done. We have former Vice President biden laying out a raft of Foreign Policy initiatives. He cannot do all that the same time. We have a sense, if he were elected president , what is number one thing would be . You mentioned tax reform. There is only because he wants to accomplish something. What does you most want to accomplish . Terry i think what he wants to accomplish is infrastructure. It is not by accident that the slogan of the campaign is build back better. At the same time, what kind of infrastructure is it going to be . What are the priorities. That is exactly where the parties split between willessive and centrist manifest itself spirit when centrist for biden here infrastructure, what they years they will fix roads, they will fix bridges, they will fix conventional systems. When progressives hear that is we will put money into solar, we will put money degree new deal programs, we will accelerate subsidies for oil and accelerate cleaner technologies. And push people in a different direction. I think even infrastructure will be a hard sell. They will try to use a lot of this, just as republicans did, in socalled tax reconciliation just like republicans in 2017. That will be the centerpiece of whatever happens in 2021. David always a pleasure happy with us. That is terry haines of pangaea policy. Coming up, our swing series makes its last stop before the election, this time in wisconsin with the chair of the Democratic Party wisconsin, ben wikler. That is coming up next on balance of power on Bloomberg Television and radio. David this is balance of power. I am david westin. We turned to Mark Crumpton for first word news. Mark mark meadows is defending comments he made to cnn that the Trump Administration is not going to control the pandemic. Said why, mark meadows because it is a contagious virus, just like the flu. Speaking to reporters today, meadows tried to clarify his remarks. We are going to defeat the virus, we are not going to control it. We will try to contain it as best we can. The full context of what i was talking about this we need to make sure we have therapeutics and vaccines. We need to make sure when people get sick they have the kind of therapies the president of the United States has. President meadows says trump will not give up until all americans are safe in the virus is defeated. Amy Coney Barrett could be a Supreme Court justice before the end of the day. The white house says the swearingin ceremony is planned for tonight if she is confirmed by the senate. That would put barrett on the court week before the president ial election and create a 63 conservative majority. She is expected to easily win confirmation. Vladimir putin is trying to preserve the collapsing framework of a Nuclear Arms Control agreement. Offered newtin has missile verification measures to nato countries. This comes after the United States withdrew from a cold war era treaty. Each side rejects the others allegations of breaching the agreement. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. David . David we have been taking a look at the key swing states in the buildup to the election. This week we conclude with, wisconsin, a state President Trump wanted 2016, making him the first republican to take the state since 1984. To give us an overview of the politics, we often the chair of the state Democratic Party, ben wikler. Give us your sense of where wisconsin is right now with respect to the selection eight days from now . Ben wisconsin in 2020 is so conscious it might be the Tipping Point state and the entire president ial race. Just about everyone is talking about politics all the time. The polls show clearly that joe biden has an edge in the badger state. He is up in the public pulling average by between six and seven point spirit the challenge is that is almost how much Hillary Clinton was up in 2016. On a surface level you might think it is the same, the reality is it is totally different. ,n 2016 people on both sides but especially the democratic side did not know wisconsin was in play. If you look now, this is a state that is a relentless focus. We have folks who have been organizing here for three years. Trump hired his wisconsin state director in july 2019. There are ads every time you turn on a packers or badgers game, mostly joe biden ads. Trump keeps traveling here to try to shore up numbers. We are seeing a flood of early boats and absentee votes, volunteers jumping on phone banking shifts, art on college campuses, this is a state in full battle mode for the ultimate battleground states status in the ultimate election. It is intense. David talking about why this time might be different from four years ago, one of the factors was voter turnout. What do know about voter turnout . What are you anticipating . 2 striking things happen with turnout. Trump and clinton both bombed. They both got fewer votes than five out of the previous six president ial nominees. They got fewer votes than the loser in 2004 and 2012. Only john mccain did worse when he got completely routed by obama in 2008. A lot of people do not go for either of them. The other part of that story is a lot of people voted third party. There were two different candidates who got more than trumps margin of victory in wisconsin. There are no similar thirdparty energy in wisconsin this time. Folks who are fed up with trump know it is time to vote for joe biden. In 2016 a lot of people said i cannot vote for either of these candidates. That is not happening the same way this time. It is hard to model turnout in the middle of the coronavirus pandemic. What we can see is theres a rush of people casting absentee ballots and outdoing early vote in person. The total number is more than 1. 3 3 million ballots cast in a state that only cast 3 million total balance in 2016. We think we have a decisive edge among votes cast by mail. It is closer among people who do early voting in person. Republicans are talking about a flood of people on election day. There are two different election campaigns being run with different tactics to organize people to vote in different ways. It is a big Political Science experiment. In another sense, every person who votes for joe biden and Kamala Harris now is someone we do not need to focus on turning up for election day. We think our strategy gives democrats an edge. David when those of us were not in wisconsin here about wisconsin we are told theres a big difference between the cities and the rural districts. Is that true and how is that breaking down this time . Ben the magic recipe in wisconsin for trump if he wants to win, he needs to stem his losses in the suburbs, especially suburbs around milwaukee. He is clearly trying to suppress the vote in cities like milwaukee. I am sure he would be happy to suppress the vote in madison, and he needs to rack up massive margins in rural areas. We are working to help every possible voter cast a ballot in our cities. We are working to organize folks in rural areas to hold down trumps margins and i think we are gaining ground in rural areas. In the milwaukee suburbs and suburbs across our state, there is a huge swing we can see happening in real time. Trump would have to win a commanding share of the votes in places like waukesha and washington county, the socalled wild counties. Instead we are seeing state Assembly Candidates on the march in these districts that were gerrymandered to be permanently republican in those suburban areas. We are organizing for every square inch and for every voter in our state, and trump is losing ground in all three areas, which is like a balloon. If you cannot squeeze bigger somewhere the whole thing will pop. It feels like that is happening with trumps numbers. David weve been talking about the horse race aspect, which is important 10 days away from the election. Talk about what is driving voters . Ben wisconsin has arguably the worst coronavirus outbreak in the United States. If you look at new cases, we are worse than 46 other states across the country. Only montana and the dakotas have a more rapidly rising case count than we do. We have hospitals spilling into field hospitals. This is transforming peoples lives and crushing the economy and crushing Small Businesses and forcing the schools to make impossible decisions in a way that squeezes working parents. This is the inescapable reality in wisconsin. Trump was breaking his promises about manufacturing jobs and farms before the pandemic hit. This is made that situation worse. Arehe middle, people terrified about losing projections for preexisting conditions. Health care in the virus interact in this intense way come and it is turning people against trump. If you think coronavirus is a hoax, youre probably casting your ballot for donald trump. If you are worried about your friends and your business because of the pandemic, you will vote for joe biden. More and more people are seeing that and worried about it. When trump comes here and holds better events, it reinforces they do not fundamentally care. When his white house says they cannot get the virus under control, it underscores the president has given up on the thing that is taking its toll on every persons personal life. It is what affects people, not what offends people. David thank you so much. That sets the table for wisconsin so terribly well. That is ben wikler, wisconsin Democratic Party chairman. In the second hour of balance of power we will talk about the voting process in wisconsin and how they will count the absentee ballots. Bloomberg will have live coverage of the Election Results starting at 7 00 on tuesday, november 3. This is balance of power on Bloomberg Television and radio. David this is balance of power. Turkey is in the news as the leader of falls below the dollar below 8 to the dollar. France has recalled its ambassador and president erdogan has asked its citizens to stop buying french goods. We welcome our Istanbul Bureau chief. Where are things . Is he serious . Turkeys not going to buy anything from france . It is difficult to gauge the success of these calls people usually tend to forget about them. Erdogan did try to call for a National Boycott in a couple of of the u. S. Back in 2018. We will not see people backing away from normal Consumer Behavior for a long time. Quitenonetheless important what happened today because it shows how low the turkishfrench relationship has sunk, and it was not good to begin with but it got a lot worse. David it strikes me is not these two countries, there is a sectarian element because it was triggered, the recall of the ambassador was triggered by questioningdogan the mental ability of Emmanuel Macron, and that is because Emmanuel Macron had things to say about the tragic killing of a french teacher c. It predates the gruesome murder of the french teacher. Earlier in october when president macron first talked about his vision to reform islam which is a religion in crisis, it did not go down well in turkey to say the least, and especially erdogan seems to have taken a serious issue with it. Tensions have been rising since then but it burst to a level where it grabbed headlines over this weekend because of erdogan s first remarks about president the ambassador. David does the offense taken about the marks by Emmanuel Macron about islam, does it go beyond turkey . Is it affecting other islamic countries in the region . We are seeing signs of that. There have been calls for boycotts of french goods in parch of the arab world, in places like kuwait. Somewhat rougha and brought division among countries in the region, whichies like turkey championed political is him in different manifestations, and their ally qatar is on the one side and vocal of criticism of french policies visavis the islamic community, and on the other side you have the United Arab Emirates and saudi arabia. You do not see much of a backlash there. David fascinating. Very important story. Thanks to bloombergs Istanbul Bureau chief. Coming up former Massachusetts GovernorDeval Patrick about the election. Ons is balance of power Bloomberg Television and radio. You can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save up to 400 a year on your wireless bill. With the carrier rated 1 in customer satisfaction. Call, click, or visit your local xfinity store today. This is balance of power, im guy johnson. This week, four hours between new york and london. 600 gapping lower this morning but finishing near session lows. A bunch of factors coming together today. We are seeing a huge pickup in covid cases here in europe, plus the data is not particularly good. We had a poor survey out of germany. Some granular stock stories also pushing markets around today. Bottomupopdown, story hitting europe today. Real dispersion between the markets as well. See done 1. 2 . The dax in germany down by 3. 6 . This is where the individual stock story is coming into play. Individual story for the German Market today is s. A. P. Abolished in terms of its share price, down 22. 3 . The outlook today from this Company Really very poor. You wonder if there will be significant read across others in the space as well. S. A. P. Down hard. In terms of context, this is the biggest move to their downside. Com 1999, just before the bubble burst. In terms of other individual stock stories, there are some worth focusing on. Outperformance coming as weause of astrazeneca, are seeing a very positive response to elderly patients in the testing of the oxford vaccine. That was taken well by the markets. Travel stocks broadly up over the atlantic. Is whycar sector this the french sector was in the middle of london and frankfurt. Psa up by. 6 . Emerging and it looks that we will get regulatory updates on that story. David thank you so much. We continue to selloff in equities. The dow jones leading the way down. We will keep marking watching the markets over here. In the meantime, lets get back to politics. Is now the cochair of american bridge 21st century. Governor, always great to have you with us. Where you takee the Trump Administration to task. Not surprising, you are a democrat, trump is a republican. But this goes beyond just disagreements, you think there is fundamental damage that may have been done to the country. My question is, and we turn it back around . Deval i say that not as a democrat who think so you have to hate republicans to be a good democrat. We dont always get it right, and most people are not accepting 100 of what either party is selling. Democracyns out, attends on unwritten rules, decorum and restraint, respect, integrity. So many of these rules have been flouted by this administration, and we simply have to see that as a threat to our democracy. David lets talk about the thing that is most pressing to everybody, covid19. With it terrible bout in march, april, may, and now it is coming back, perhaps worse than before. What can be done about that . Is mark meadows kind of right, that we cannot control it . Deval we can control it, we could have controlled it better, if we would have been honest with each other, had the president been honest from the beginning. Agree thatrts wearing a mask, social distancing, rapid and widely available testing and tracing are all important. We have to have guidelines that are followed consistently and are comprehensive across the country, not statebystate, region by region. This is one of the areas where the lack of leadership at the top has really hurt us. We have managed to pull it aside from a Public Health emergency. The last thing i could have imagined being politicized. Now wearing or not wearing a mask is deemed some expression of freedom, instead of what it is, which is a profound example of selfishness. David it is a tradition in this country, the new president talking about the first 100 days. If, in fact, we have a President Biden, what would you imagine in that first 100 days with respect to covid19 . What would be different than what we have seen in the past . Deval remembering that covid19 and economic recovery are very much connected, they are not separate things, we could expect from an Incoming Biden Administration a comprehensive plan that talks about these health steps that we should take, talk about what a Distribution Plan around a vaccine should be. Most americans agree that health care workers, folks who have contact with children, vulnerable populations should be first. Again, that there would be a stepbystep plan, set of guidelines that we could all referred to in making our individual choices. Those choices will be inspired by candor and clarity about what we know and what we dont know, going forward. Of people are getting tired of the social distancing, even the masks, and teague is setting in. Would President Biden be able to enforce those things, would we be arrested or detained if we didnt follow the rules . Deval i dont know if we need to go as far as that. Everybody is tired. I am tired. I imagine the former Vice President is tired, too. We yearn to return to our routines, contact with other people. But the way that we beat this is by making some shorterterm sacrifices that are in the common good. I think having a president , a leader that shows that kind of leadership, reminds us how important it is that in times like this it is important to turn to each other, not on each other, is a part of all of us to get to the other side. David you have successfully run for office more than once now. Give us some insight into the strategy now. Which states are key . New hampshire and maine, i understand President Trump is spending time there. Is that signal weakness on the democratss part in those states . I i thin deval deval think it signals weakness in those states for the president. Democrats have to be about talking to everybody in making a case to everybody about what a democratic plan would be, not a plan for democrats. A democratic plan for america. That is about growing the economy out so that everybody has an opportunity, and not just the wellconnected. It is about health care for everyone that is affordable for everyone, that is a combination of and a choice between the public option in the aca or private insurance. It is about racial equity, and it is about engaging people, having folks understand their their civic and political future. I think that case has been made well by the biden harris ticket, others running for the senate and house. It is an exciting time because the challenges are so great but the opportunities to try some new things, do some things differently, is also presented. Folksll see lots of talking about, focusing on american bridge, for example, where i am in wisconsin, michigan, pennsylvania. Pickup opportunities in the senate. Kentucky, georgia, alabama, mississippi. Democrats are talking about texas as a battleground state. The point is, everybody everywhere counts. I hope that folks remember that when they go to vote. David im glad that you bring up american bridge and the work that you done because you have talked about that. We understand florida is critically important. President trump has to win that for a practical matter. What about pennsylvania . We now have president from spending a lot of time in pennsylvania. Vice President Biden, not as much. I cannot speak for the aden campaigns choices on daytoday, but i know they have spent a lot of time and money in pennsylvania reaching voters, both for reasons of persuasion and to get out the vote. Complexania is a big, and a really interesting state, i believe. It is one of those places where our presumptive base in urban communities is pretty small. In between philadelphia and pittsburgh there is a lot of room up for grabs. What you heard in the last debate, for example, Vice President biden talking about from aioning away carbonbased economy to a carbon free economy, you heard President Trump say, see . Listen to that. If you are worried about the future of fracking and people should Pay Attention to that, but not for the reasons president fraid, as trump does, governing by fear. This is about what kind of innovations what is the next thing that america can lead on. What democrats have to be about, and i believe what Vice President biden is about, is making sure everybody has a place in that future. David always a pleasure to have you with us, Deval Patrick. Former Massachusetts Governor, now cochair of 21st american century. We now go to first word news with Mark Crumpton. Mark with eight days to go until the election, more people have cast ballots than voted early or absentee in the 2016 race already. More than 59 Million People have voted early in person or by mail. To surge comes as voters try avoid crowded places on november 3 during the coronavirus pandemic. President trumps soninlaw Jared Kushner is drawing criticism on twitter after saying that black people lost want to be successful in order for his fatherinlaws policies to help them. He made the remarks on fox and friends today. Mr. Trump lost among black voters by about 82 Percentage Points in 2016 but has closed the gap to about 71 points this year, according to polling data 538. Com. Residence inn El Paso Texas are being urged to stay home for two weeks. Officials are trying to stem a spike in coronavirus cases that has overwhelmed local hospitals. Alsonor greg abbott has transformed part of the Cities Civic Center into a makeshift hospital and is sending nearly 1000 medical personnel from across texas to the region. Americans are rushing to pharmacies in record numbers for seasonal flu shots as the pandemic brings new urgency to this years flu season. Cvs says it has already surpassed the 9 million flu shots it gave during the entire previous season and expects to double the number by the end of the season. Walgreens has given 60 more doses in its u. S. Stores that at this point last year. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. David thanks so much. Coming up, we hear from republican senator of south dakota kevin cramer about stimulus prospects and energy policy. This is balance of power on Bloomberg Television and radio. David this is balance of power on Bloomberg Television and radio. Im david westin. Election comes out eight days from now, it looks increasingly likely any stimulus bill will have to be taken up in a lameduck session after the election. Our washington correspondent spoke with kevin cramer of south dakota about the prospects, as well as his states concerns about energy policy. I always believed there would be a lameduck deal. Window has gotten pretty tight for a preelection deal. Some were waiting for to see how the rest of this deal played out. Partly because we were getting closer to the election and nobody wanted only winners, no losers. While the white house and the house were negotiating Committee Republican senate was hanging tight at half 1 trillion. I never thought we would get a deal before the election. I was hopeful, but you ask the much . On, how in the lameduck, regardless of the election result the election will no doubt in form to some degree what the number may be, but either way, the pressure valve is open to and people get back to some semblance of normal, and it will be a number between the 2 trillion there are talking about right now and a half trillion that the republicans want. What do you say to the people that say we cannot afford 2 trillion . Afford toalso cannot do nothing. The dead and deficit are skyrocketing, but we threw the rules out the window and we did the cares act and the trillions of dollars before that. Now it is a matter of how much is necessary. At the point of the cares act, we didnt know how long it would last. I didnt think anyone anticipated that it would last this long. There has been recovery in some areas but it is fragile. I think investors are watching carefully. The Federal Reserve has pretty much done all that can with liquidity tools they have. What specifically are you fighting for in the stimulus . Kevin paycheck protection forgiveness. I think that has been hope clumsily handled by the sba. Large credit unions, banks ourngly encouraged, after encouragement, to get more borrowers in. A lot of people were not pleased with it, however, it was always built to major make sure that they could maintain their payrolls, and now the bureaucracy is kicking in. I also think we need to help airlines. I know some will think it is millionaires and billionaires, but next to energy itself, airlines touch the value chain of just about everything. They need our help until we can get demand back. Last week at the final president ial debate, there was a key moment when joe biden said that he was not against banning fracking. He was against banning fracking on federal land. Then he went on to say that he would like to have zero emissions by 2025. How do you square that circle . Kevin you cant. That is why his message was incoherent. Meant degree what he to say was frightening. Complete zero emissions by 2025, which is impossible. By 2050 is what the United Nations sees as advocating for. He is very confused. I think he doesnt know much about energy policy. To the family of her pioneer. Workers, those employees. I know you defeated a democratic incumbent. Energy played a crucial role in that election. What do you say to those have been pummeled by the economic downturn. Maybe they are for trump, against, or may be for or against biden, but they are trying to figure out their Economic Forecast not for their portfolio but for their kitchen counter. Kevin when you talk about a desire to transition away from oil and gas, first of all, i dont even know why you would want to do that. We have an abundance of this resource. We have gone from being a net importer to a net exporter. That has National Security implications as well as economic. I think we have to tell them, we are not going to transition away until there is some other market that requires it. We are just going to find cleaner ways to utilize oil and gas and coal and the other baseload fuel sources that are so important in the value chain of the global economy. Everything we consume touches energy, or energy touches it. Every value chain, supply chain, everything we grow, produce, manufacture is touched by the Energy Supply chain. We have to fight not just for those workers but for everything they represent. That is National Security, economic security. David that was senator kevin cramer of north dakota speaking with kevin cirilli. More on the market selloff ahead. This is balance of power on Bloomberg Television and radio. On and radio. David timedavid to get a check on the market with equities down. Scarlet fu has a check on the market. Looking at some disappointment about any movement on stimulus but i want to focus on three Companies Leading declines. Yet another sign of rising tensions between beijing and washington. Last week, the state department luckyoeing, raytheon, and the ok to sell arms to taiwan. Today, beijing responded with sanctions on the companies. This package is not a done deal. Congress still have to do a final review. It includes missiles from boeing, rocket system from lockheed martin, and aircraft surveillance from raytheon. Beijing is also upset about the sale of some f16 jets to taiwan. Have also threatened to bring the island back to its fold. Taiwan for its part counts on the u. S. To keep peace in the region and also to sell it arms so that it can defend itself militarily. Sanctions not good for business overall. Lockheed martin says its presence is limited. Theirakes up 10 of revenue. Boeing is in a trickier spot because they sell commercial planes to china. For now, defense sales count a lot more. Meantime, if you look at whats going on in china, leaders are gathering to map out their fiveyear plan. It will be a fourto closeddoor meeting. What investors will be looking for is some indication of a continued shift of the economy to be driven by domestic demand, domestic consumption, rather than exports. It does also count on external trade supplement growth. , the secondg up hour of balance of power on bloomberg radio. This is bloomberg. Mark im Mark Crumpton with bloomberg first word news. President trump plans to intensify already packed travel schedule in the final full week of the president ial campaign. He is expected to hit nearly a dozen states in his effort to recover ground from democrat joe biden, who is leading in most national polls. The president is scheduled to hold 11 rallies in the final 48 hours of the campaign. Amy Coney Barrett could be a Supreme Court justice before the end of the day. The white house says the swearingin ceremony is planned for tonight, it confirmed by the full senate. That would put her on the court one week before the president ial 63tion and create a conservative majority. Turkey is deepening its rift with france. President erdogan is urging his nation to boycott french goods over what he says is the countrys hostile stance toward muslims. The tension between turkey and the European Union has been escalating over a number of issues, from the libyan civil war to turkeys Energy Exploration in the eastern mediterranean