The president called the explosion another attack by a loser terrorist and suggested London Police missed an opportunity to prevent it in an earlymorning tweet. His travel ban that targets mostly muslim nations should be larger, tougher, and more specific, but that would not be politically correct. The president will meet with leaders of south korea and japan next week in the wake of last nights Missile Launch by north korea, according to an administration official. The u. S. Is not planning to announce any further retaliation, and there are no plans to push for additional sanctions. The u. S. Continues to lean on china to use it Oil Deliveries as leverage against north korea. Has cut off medicaid funding to a nursing home were eight people died after Hurricane Irma. Workers say the air conditioning failed during the storm as they struggled to keep residents cool. Police have opened a criminal investigation. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Julia live from new york in the World Headquarters of bloomberg. Scarlet i am scarlet fail. Joe i am joe wiesenthal. 30 minutes from the close of trading. Joe whatd you miss . The top of the agenda for the United NationalGeneral Assembly. We speak with the former u. N. Ambassador. The china regulators clamp down on trading. We are seconds away from speaking with the owner of the atlanta falcons. He says his teams locker room is on fire, and joins us live from the brandnew stadium right now. Scarlet whatd you miss . A huge weekend coming up for the new mercedesbenz stadium in atlanta. 140,000 fans are expected. Fans will find two dollar atdogs, five dollar beer, 63,000 square foot video board. Joining us now from the 1. 5 billion stadium is the owner of the falcons. He is the cofounder of home depot. Great to speak with you. I want to kick in and start with concession pricing. The lowest in a pro sports. You say you can feed a family of four for under 30. You think you will make it up in volume. Give us a sense of what the early numbers show. Is this a more profitable model . R the success we have had so far with food and beverage is incredible. Everything is right on. Have every type of food you can imagine within this building. It is all priced based on familyfriendly pricing. Restauranteurs will operate from other facilities in the community, everything from their restaurants are priced all the same. It is not based on weekend or season, it is forever. Games, theis College Super bowl, or the final four. The results in many of the earlier games weve had, soccer matches, the preseason games, we have sold more food and beverage before the event began than we did at the georgia dome throughout the entire event. Fans are appreciative and enjoying it. The volume is there. One of the most important ways if fans are showing appreciation for us, we need to find a way to say thank you to them for our franchise, for their franchise. Scarlet the fans clearly appreciate this. Have you heard of other sports team owners were willing to adopt this model . Nfl ow i had a several ners will quietly asked me, what were you thinking . Then my background, philosophy of home depot has things at they right levels and pass the savings on to customers. Int turned into huge volumes his Stores Across the nation. Tores across the nation. People not only appreciate they can come here and enjoy a full day before the event starts, they will stay hours after. They will have an appreciation. A example will set for other venues and other stadiums. We are trying to find ways to say thank you to the fans. For these venues and events. That is one of the ways to do it. Food and beverage is a big deal. As a young dad, that was important to me. And i know its important to a lot of families. Scarlet fans are coming to the united games. It is set to break the mls attendance record on saturday. Are you learning anything from soccer that can be translated to the nfl . Arthur the records we have broken this year, it is not just for expansion. We broke every record in a Major League Soccer within 22 years. We are leading the league in terms of averages over every other club. We are selling more average inendance tickets than exist major baseball, hockey, or basketball today. The commissioner will contact me and say, are those real numbers . Y will be here said day, they will be here saturday, 4 00. It has been an incredible story. What you learn from that is the energy of the fans. The energy is really amazing. Soccer fans stand up during halftime. They are on their feet. The noise and the celebration they are projecting to each other. The sense of community, and the sense of relationships with the players, incredible. The rules are different in the nfl. We spent a lot of time talking to the soccer supporter groups and we ask them how they create the energy they do . Scarlet moving to fans at home. Let us talk about ratings for nfl games. They were down for most of the opening weekend, when we have the hurricane coverage. We have a good matchup between the falcons and the packers. It should be great. More than just politics, the weather, is the decline in reading something more ratings something more . Arthur i dont think so. People have options. Sitting at home, in front of a giant screen tv, and being able to pull up near the refrigerator. The advantage here is that food and beverage is going to be priced the same levels that you would have at home. Variety is going to be incredible. You have an opportunity to share in a unique Community Experience with the scoreboard and the variety. The building, the aesthetics. The pieces of commissioned artwork. You come together as a family. As a Greater Family of 71,000 people in the building, celebrating the event. That is what you have here. A great memory in celebration shared with a bot of other people all of the same time. Lot of other people all at the same time. Bring their families here and go home, we want to think about what great what a great memory it was to come with my father or mother. A lot of people say the nfl need to make the game more engaging. Sports participation has risen. Do think legalized betting on sports is inevitable . Arthur those changes will come over time. With a team in vegas in the future and questions surrounding that, the finance committee has wokrerked through a lot of issus relative to the ownership of the stadium. Fantasy football israel. It is fantasy football is real. It is going to stay. The big issue the week has is that we want to make sure the integrity of the game and the quality of competition is maintained. You are arthur blank, sticking with us. We are going to talk about how the new stadium is looking to help atlantas west side. From new york, this is bloomberg. Scarlet it is 2 00 p. M. In new york, 11 a. M. In san francisco, and 7 p. M. In london. Scarlet whatd you miss . Atlantas westof of side. Arthur blank joins us from the new first lady spends stadium in atlanta. Your Family Foundation has been very active in the neighborhood. Over 20 billion dollars invested in the community. Residents were involved in its construction. Execution is critical. How do you ensure the stadium enhances rather than exploits the community . Arthur that is a good question. One of the reasons we selected because it is in the heart of atlanta. Of other of a lot important venues. The west side has a rich history. It represents tremendous movement in a civil rights for our area and country. It is an area that has been left behind. And we picked this site started to work on the stadium, we didnt want to have a situation where the stadium overshadows a community that doesnt represent the very best of atlanta. We have been working with the community to make a difference in their lives so they get a the best ofaving life for themselves and their children. We have made a lot of progress. Education andd security and a variety of ways, and we want to make sure we continue to bring it back to the community. Ur initial investment grew along with the mayor, we announced an additional commitment to the city of atlanta. The city is matching that commitment. A big part of it has to do with capital, Human Capital takes more understanding and work, more generations. Invested a lot of things relative to that. Childhood, through developmental ages. Two folks looking for job. Individuals. Ed 160 80 of them have had their jobs a year later. They have brought back earned income to their community and families. Wage earners walk back into their homes with their chest out and shoulders back. They feel good about their lives and a sense of accomplishment. That projects to delve to their families and communities. Done, thes over and west side is a work in progress. We have made lots of progress. Julia that progress is going to take time. Decades to regenerate the area. You have faced a great deal of criticism. Do you believe you are overcoming that with the work that has been completed and you can look further to the community . One of the big criticisms is a Community Benefits bee. Quite Community Benefits fee. Quite unusual. Why did you feel the flexibility was important and why did you decide to do that . We havethe programs developed have been blessed by the city council. It took over three years of working with the community. We spent three years talking to people and finding out what their needs were. Walking in the streets, knocking on homes. Asking what they want to see different. Three years listening and trying to understand what the Community Asked of us. All of those plans were blessed by the atlanta city council. Ne had a plan going in, i collaboration with other people. We feel from a business standpoint it is important to be a good listener and respond. In terms of community activation, they are key core values. You have to understand what the people in the community are telling you. It is a question of them telling you what their needs are and identifying those needs and responding. We have done a great job of that. Elected,r trump was there was a lot of enthusiasm about big new infrastructure from the federal government. Some hope for that seems to have waned. If the government were to do a big infrastructure deal, from your perspective, what kind of things would be targets for that . Arthur the city of atlanta has grown to a 7 billion city. Traffic in the city is still a problem. We dont have as much Public Transportation as we should. Our Public School system has made advances. But it is not where it needs to be. There are a variety of things that can happen. There are opportunities for people here to move up in terms of their own economic experiences. We have to make sure that pathway goes to the top in a variety of ways. Here and opportunities we could take those investment dollars and use them wisely. The most important thing, whether we invest at the federal or state level or in nonprofits, we want to give people abilities that are sustainable. This building is going to be certified. We want all the skill sets that people have learned to be certified so they can be transportable for them throughout their lives. It shouldnt be a question of how many dollars we can divide up. Teach people to take care of themselves and build that selfconfidence and their net worth at the same time. But have a Sustainable Way of doing it and sets the right kind of example for younger folks. S and othero Business Leaders have been helping bridge differences, solve problems. Because elected officials seem paralyzed. Is this a good thing and good for business . Arthur it is a great thing. You seegreat thing Business Leaders in a variety of settings that are looking beyond a. Of time. A period we have to make the right decisions for our business and society. And the planet we live on. Everybody, these four years will come and go. We need to respond and make thoughtful decisions that are longterm. When we were running the home depot, all of our great thinking had to do with what was right for the longterm. Here at the stadium, that is true. As Business Leaders, that requirement is greater today because of the divisiveness you mentioned that exists on the political front. We hope that divisiveness will be reduced and that effectiveness will go up. Cooperation and partnership and caring for each other, we hope it will be on the improvement. But we have to make the right longterm decisions. Thank yourthur blank, so much for joining us from the new mercedesbenz stadium. Arthur youre all welcome to come to a game. Scarlet we will hit you up on that. From new york, this is bloomberg. Julia now for the stock of the hour. The virginiabased Insurance Company is trading higher. I wanted to bring you this stock. We talked about this semiconductor yesterday. They were the company that were supposed to be acquired by a chinese firm, which was downvoted by their president on National Security grounds. We have a two day chart which shows you this. They got through the state barrier. Virginia has said we are fine with the deal. Good news. Throughll have to go this regulatory hurdle. That could be something harder. Genworth is one to watch. Scarlet with a quick stop of the hour. The market close is next. The dow at a record high. Julia whatd you miss . Closing higher, investors shrugging off the rise in Nuclear Tensions and a Nuclear Attack in london. All eyes on the fed and the u. N. Meeting next week. I am julia chatterley. Scarlet i am scarlet fu. Joe i am joe weisenthal. If you are tuning in on twitter, we want to welcome you to our closing bell coverage. Scarlet we begin with our market minutes. A record high for the dow jones. It is the sixth straight day of gains. It did appear the s p 500 closed above 25000. Joe so close. I am going to be crushed. Scarlet a record high, you will take that . I record high for the dow, the s p 500. In terms of the individual names we are focused on, oracle reported results yesterday. Revenue beat the highest analyst estimate. Nonetheless, it is down 7. 8 on the day. Oracle had a bump up going in. The week Sales Forecast rattled investors. . 50 frostysed for helping boost sales. Stock that has been on sale because of bitcoin. Joe extraordinary, new highs. Scarlet nvidia up by 6. 3 . Joe lets take a look at the Government Bond market. Lots of up arrows on the board. Yield up to 1. 38 . 2. 25 g out the week at the end of last week. U. K. Fiveyear yields shooting up. All this talk about a possible rate hike. Check out the twoyear yields going back a year. Shooting up the last couple days. They called it a guilt tantrum. This is possibly in november, really providing a boost. Earlier in the week, the bank of england making hawkish noises. Governor mark tierney mark carney basing them. Julia we did see weakness in the dollar. That retail weaker retail sales number weighing. Intentionsth korean are to blame for the gains today. The real story was the gain in sterling. The most dovish policymaker out there, but he backed the decision of mark carney to flag the likelihood of rate rises in the coming months. That adds to gains we have already seen in sterling. It took sterling to the highest level since the brexit vote in june of last year. We want to talk about the chinese yuan. Fell 0. 9 percent this week after the 4 jump we saw in the three months through september 8. The offshore rate tumbling the same as in the past five days. The peoples bank of china signaling its discomfort with the runaway rally we are seeing in the currency. Setting it weaker for six days in a row. And the kospi to bet against the currency. Joe finally, on the commodities fund, a quiet day. Looking at oil and gold. Oil not doing much. It had a nice bull run lately. Optimism over greater demand around the world. Not at some happening today. Gold selling off modestly. Those are todays market minutes. Scarlet whatd you miss . Rally traits may have a shortterm recovery. Lets have the week in review with our guest. Everyone is wondering when value will pick up. It is hard to make an argument for value. It has been a really tough year for value. When we look back at the year as a whole, value outperform to growth in june. They were just little blips. The big worry is that this is just another blip. He could be affiliated with hurricane rebuilding. If you look at major components of the value index, thanks are in there, auto stocks, insurance companies, oil companies. All things headed into harvey and irma, and have had a nice little relief rally. Will we get there . If you look at the longerterm chart on value versus growth, you see it outperformed. We are looking to levels we saw last in 2016. At that level in early 2016 we had a big recovery in oil, and value outperformed the growth index by 660 basis points over six months. To get that again we need oil prices to continue to rally, the 10year continue to selloff, yields rise, and the Consumer Spending more money. Especially on autos. You get those three things, you could have a big value surge. Julia not asking much. [laughter] joe if you are investor, dont you always want value . Gina very low valuation. Joe you mentioned energy. This is a chart i have not releasing before. It is small cap versus largecap energy. Specifically, s p 600 versus s p 500. Smallcap energy has really underperformed. What are the conditions under which Smallcap Energy underperforms . See on this chart, the underperformance started a few years ago. These companies are even more levered to oil prices and finance conditions than their largecap brethren. They could survive and oil shortfall. They tend to be more levered to the commodity price it self. They had a nice recovery in 2016. The Oil Price Recovery is now back to testing major support levels. Will they receive a bounce now that oil prices are back to 50 . When you think about the longterm scheme, oil prices started well above 50, there was the expectation it would go above 60. You haveat a