Negotiator says talks have gone well and they are on course for a partial deal. The 20th weekend of protests in hong kong, targeting chinese owned his misses. Chinese owned businesses. Imfleen coming up, the reading in washington including conversations with John Freudenberg and others. U. S. Stocksow ended, look at the big picture, ongoing trade war worries. Lower across the board. One big name which was responsible was netflix, closing down across 6 . Forecasters of cyber growth falling short. It hit the nasdaq 0. 8 lower. Johnson johnson recalled baby powder that came up with traces of asbestos. Boeing, questions by the faa about what they knew before the max was reported. 4 . Dow is down, s p down there was good news. Jpmorgan numbers better than forecasted. Cocacola was very solid. For the week and the second week, the stocks closed higher on average. Positivity out of the negativity. What are you looking at . Sophie asian stocks going for a mixed start after a weekend of imf meetings with finance chiefs significant showing the conversation with the australian minister looking at the calendar, a check on trade from japan, south korea, taiwan and thailand. The indonesian president will announce his new cabinet after being sworn in for a second term. Ascking in on the pound Boris Johnson will have the courage to ask congress sterling above 129 but on the back foot after snapping a fourday gain. Analysts sticking to bullish views. Downside on a new deal brexit looking unlikely. Kathleen Boris Johnson will make a flat a fresh attempt to deliver on his pledge. Supporters say he has enough votes to get his deal through parliament. The u. K. Prime minister was formally asking the youtube delay until january 31. I will not negotiate a delay e. U. He you the neither does the law compel me to do so. I will tell our friends and colleagues what i have told everyone in the last 88 days i have served as Prime Minister. Further delay would be bad for this country. Bad for the European Union and for democracy. Speaken joining us to more on this, andrea horton. Where are we now . 70 things have happened, he still doesnt have the fromratic union Party Northern ireland on board. He did agreed to the delay but didnt sign the piece of paper. What are we expecting for the big the week to get underway . He grudgingly sent that letter to the you. He didnt sign it but did comply. Two things we need to watch after this session in parliament saturday where his vote did not make it to the floor. Lawmakers thought in, voted for an amendment that secured the fact he would have to ask for the extension. The European Union grant this . The times of london saying they are poised to grant a threemonth extension even if you hear rumors about frustration on what is going on with politics in london and there is the vote. The meaningful vote monday morning in the house of commons. On tuesday we could see the Withdrawal Agreement bill. This is critical. It constructs the time and how brexit would be implemented. This is where real drama takes place. You could have amendments about second referendums, the e. U. And the irish border. Have been saying this in london for basically three years, it will be a crunch week but this does seem like a crunch week. We keep saying that and we keep hearing that but it feels like the fresh impetus does he have the votes . It is a big gamble. As a Prime Minister yet to win a vote yet. We crunched the numbers and it looks like he has 62 members. He needs to persuade 61. This was bloomberg during the numbers based on what happened saturday. What lawmakers were saying and doing threading that debate. It is a very close vote. We heard from must some members of the cabinet. He is optimistic. Saying regardless of the shenanigans that happened in parliament, it seems like they have the vote to cross the line. Even if he gets over the line it will be drama in terms of the amendment we could see especially from the likes of the dup, which he doesnt have on board. Thank you. The latest on brexit area big week ahead. Joining us now is the Franklin Financial Services chief. Great to have you. Does this potential, looking at remove a risk, does it major source of wow in terms of woe in terms of Risk Appetite . The market has been digesting brexit for over 30 months. I find it hard to believe other reaction the market is going to care much. Beennk a hard brexit has held through and priced in as much as possible. I dont think it is the outcome. It is hard to believe we get much longer term reaction out of it. Haidi in terms of what investors are trading on, huge earnings week ahead. We have got amazon, mcdonalds, china mobile. Is there a chance we might see price action on the fundamentals . Yes. This is a big earnings week. We have 24 percent of the s p 500 set to report this week. We will get a lot of information how a consumer is doing, manufacturing and industrials, financials coming out. We also have big Economic Data coming out. We have the existing home sales out tuesday, new home sales out thursday with flash pmi data and we will finish the week with consumer sentiment. Because theed consumer is the strongest part of the economy. It is important these numbers come out positive. It seems you based your optimism for the rest of 2019 avoiding recession. We have weaker than forecast retail Sales Numbers last week. Are you positive on housing . It is a pic you are in favor of. I am positive on housing. Mortgage rates have moved back down and we believe the Mortgage Rate will stabilize around this area for quite a while. If you look at the data that has come out with homebuyers, it has been strong. We think the trend continues. We like anything, looking at different areas around the housing market. The fundamentals are strong and continue for years. Ishares image and the Home Construction etf. And itortterm finance is interesting because people look at a decline which we have started to see as a sign the economy is going into recession. These recreational you like these recreational vehicles. We believe the consumer is very strong and will continue to be strong as long as there are jobs. We have 7 million opened and 6 million looking for them. We believe the market will stay strong. We are not playing the rv sector. We are playing behind the scenes through a Company Called patrick industries. That is the way to play it. They play around manufactured homes. We also had good news with the trade tension front. Not a great deal of progress, but we did hear from the top negotiator saying constructive talks had taken place and we are getting closer to that first part of the deal. How significant would that be in terms of a breakout for u. S. Stocks . Is it something a moderate amount of positivity priced in . Brett it would be significant if they get a deal signed before next giving which the probability is over 60 . Based on the information we are getting on that. Issue. A very important it could remove a lot of uncertainty around the trade. That will translate into more positive outlook on ceos. You look at the ceo surveys coming out, they are the lowest they have been since 2009. Positive headway in removing that uncertainty will help out on. On capex. Kathleen are more price hikes priced in . Certainly the october rate cut, or is it the stepping stone for 3150 on the s p 500 . We started out with the forecast around 3150. I maintain that. There will be positive traction on trade going in to the end of the year. I believe the consumer holds up and the job market stay strong. Thank you for joining us. First Franklin Financial Services chief market strategist. Selina wang. Ministersobal finance and central bankers have pledged to use all of their tools including fiscal policy to amend what they call a highly uncertain outlook. The assessment came in a communique issued by the imf steering panel. This capped a week in which the imf led a visit straight cut to the Global Growth forecast, with the weakest expansion since 2009. Chinas top trade negotiators say talks with the u. S. Are making progress and both sides are working towards a partial deal. Has been made playing an important base for agreement. People are trying to sign at the apec summit in chile. Is not a appropriate level. Is that an appropriate the is at an appropriate level. Depreciation has been growing by Market Forces and shifts in market dynamics. It passed the seven level since the u. S. Named china a currency manipulator. Friday after his arrest over allegations of Insider Trading. The Vice President is accused of making nonpublic information three years in exchange for cash. It is the third Insider Trading allegations lost to goldman banker in the past 18 months. Global news 24 hours a day, on air and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. I am selina wang. Haidi plenty more to come on brexit i had as the u. K. Accelerates preparations to leave without a deal. We are joined by jacob kierkegaard. Kathleen another weekend ofkathleen Water Cannons and tear gas in hong kong after 20 weeks of protest. This is bloomberg. Kathleen i am kathleen hays. Haidi i am haidi stroudwatts. Kong settors in hong fire to shops and parts of rail stations in what was the 20th straight weekend of protest. Organizers estimated 350,000 people took part in the peaceful rally. Stephen engle is on the streets. Give us an update. Stephen we are in the tip of the peninsula here. This is one of the biggest and busiest shopping districts, usually full of mainland tourists but those numbers have dropped off after the 20th weekend in a row of violent demonstrations up and down here. We have an unauthorized protest march yesterday which turned violent. You can see the aftermath of the violence behind me. Here is the npr station. Similar types of graffiti, Free Hong Kong and no hate without no region no reason in english and chinese. More graffiti on nathan road. We burn, you burn with us. That is a common mantra throughout this for months. We had a number of different petrol bombs thrown by protesters. Oftentimes targeting companies with china linked or perceived to have taken sides against the protesters. We had xiaomis store, the mainland chinese mobile phone operator, one of their stores was attacked here as well as a snack marked. The chinese Medicine Company here had a shop satellite as well as you should annoy you ashinoya operated on franchise basis. A number of fires that Police Responding with water can and tear gas. The reason we are on this corner mosque. D me is the main it was not targeted, but police cannons blue dye water firing to Disperse Protesters and some of it went into the compound. That raised concerns and anger by the local Muslim Community that Police Actions infringed on their mosque. The police put out a statement saying it was most unfortunate this operation caused unintended impact of colored water being sprayed on the compound. Kathleen carrie lam under pressure, going to japan for the enthronement ceremony of the emperor. Are the people understanding this or are they wondering why she is leaving hong kong . Stephen it is something she has done, about the second time during this heated time. She went up to the National Day Parade in the second day of october. The chief secretary was acting chief executive. Whename situation today she goes up for the enthronement ceremony of the emperor in japan. Trying to give the impression i would assume she is the leader of hong kong and has to carry out her other duties. She will be criticized for leaving at a time of increased violence. Every weekend seems to be a time of increased violence. We are seeing moves this morning closer to home in the aussie. Look at the price action after westpac coming out with a note saying it is possible the reserve bank of australia will adopt an Asset Purchase Program in 2020, half a percent as the cash trade lower bound this is adding to the chorus of voices suggesting what the government has alluded to in recent weeks. To be required. We will see asset purchases and qe despite the dip market of 21 . Kathleen potentially a very important question for the australian government. Catch the interview with australian treasurer Josh Freudenberg who says the economy can continue to run a record growth rate even as they push and keep pushing for a budget surplus. Plenty more ahead. This is bloomberg. Kathleen the australian treasurer said the government needs to wont derail the economic growth. I spoke to him on the sidelines of the Imf World Bank meeting in washington. Josh i dont think they are mutually exclusive having a surplus and balanced budgets as well as having a Strong Economy where there is continuous economic activity. We are investing in infrastructure and providing tax cuts and looking at the supplyside of the economy, competition reform, deregulation, industrial reform whichee trade agreements opened the door for Australian Businesses to millions of new customers. We can deliver the surplus and we are committed to that as well as seeing the australian economy continue its record growth. Kathleen i want to look at these issues of the Free Trade Agreement with hong kong. What will it do for the economy of australia . At the same time with all of so much aroused by the hong kong protests, i dont have the words for it, what does it mean for the australian governments position on the protest . Everyone is being asked that question. Josh we have been concerned by the demonstration, response, but we have seen play out. At the same time we recognize having a good trading relationship and economic relationship with hong kong is beneficial. We have as a government entered into new Free Trade Agreements with a series of countries. We entered into one with china, japan, korea, the transpacific partnership, working on one which will include india, the asean countries and china. Only 26 of the twoway trading relationships were covered by free trade. Today it is over 70 and growing as a number of other agreements we are negotiating come into being. Kathleen it is important to look past the protests and what it might say about australias support . Josh we have been outspoken on those issues. We are concerned by images we have seen on the streets of hong kong. In terms of the economic partnership, it will continue. You businessget flash headlines. Softbank with a rescue financing plan which may value the offer share and company below 8 billion. That is a fraction of the 47 billion the soft start of commended as recently as january. The talks are fluid and terms could change. After scrapping the ipo, we work is considering rival plans from j. P. Morgan. Qantas was to begin flights from sydney to new york after completing its first test on sunday. The boeing dreamliner touched down in sydney after completing the 16,000 kilometers journey in 19. 5 hours. Passengers and crew were given a series of medical checks and pressure to analyze their experience. Was a human guinea pig. We will get his account of that marathon flight experience. We will get a health and wellbeing check. If you are away from a screen, you can find indepth analysis on bloomberg radio, broadcasting from hong kong. This is bloomberg. This is bloomberg. From the couldnt be prouders to the wait did we just winners. Everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy an eligible phone. Call, click, or visit a store today. Aidi 9 30 a. M. In sydney the market open 30 minutes away. Muted start, looking at downsides of about. 3 . We finished lower friday. This after u. S. Stocks on friday retreated despite flirting with record highs a few days prior. Uncertainty when it comes to the brexit scenario and trade scenario but more likely we are seeing caution with investors given the big week earnings reports out of the likes of amazon and microsoft. I am haidi stroudwatts. Hays. En i am kathleen you are watching daybreak australia. Lets get to first word news with selina wang. Boris johnson will make a fresh attempt to deliver on his pledge to take britain out of the European Union october 31. His backers say he has the numbers to get his deals through parliament in a vote as soon as monday. Saturday the comments approved a further delay, forcing him to make a formal request for extra time. The hong kong chief executive carrie lam goes to japan for a visit after a 20th straight weekend of protests once again turned violent. Police used Water Cannons and tear gas as people attacked rail stations and businesses of chinese retailers. Thousands of people were declared illegal. The indonesian president will announce his cabinet lineup monday after being inaugurated for a second fiveyear term. Inread the oath of office front of heads of state and representatives from 150 countries. He aims to eliminate poverty and make indonesia one of the top five economies by 2045. Justin trudeaus liberal party has a narrow lead over its conservative rival according to the latest poll. Of respondents favored the liberals. It is expected to be one of the closest races in the countrys history with the Winning Party likely to command