Winds that could reach 40 mph. It is headed for the Tourist Centers of cancun and kosovo. It could cause as much as 10 million in damage. It is to hit somewhere between louisiana and florida. Spacex has launched a rocket carrying 60 internet satellites. They will join hundreds of others in orbit around the earth. Recent launches have been plagued by a variety of problems. Spacexs billionaire ceo, elon musk, said he checked launchpads before todays mission. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york. 1 00 a. M. In hong kong. Welcome to bloomberg markets. President trump is back in the , painting a sign of strength and vigor. Any vaccineance for approval means it will likely come after the november election. We have all the latest. We will also talk with the herbal life chairman and ceo. Ins, how much is that doggy the window . Consumers are buying more pets these days. The latest on a companys ipo plan. We are not seeing too Much Movement in equity. The us become up more than a 10th of 1 . Somebody said basis points today on the 10 year yields could go back of a 40 a barrel. The yuan, still trading wide on the offshore. 150 s of herbalife, up from the low they hit back in march. This is when the chairman and atok over as the helm the home. They distribute everything from weight control products the skincare and energy drinks. Have a story and history. The ceo joins us now. Andhave been a pediatrician continue to be a pediatrician. You served in public health. What made you want to take over this job . It is a fantastic opportunity. Is ins a company than 94 Different Countries around the world, changing lives. We look for opportunities to touch lives. Its an Amazing Company because of what it does. We provide Healthy Nutrition to people around the world. Functional nutrition. We help people achieve results where they might have failed elsewhere. They partnerus, with our independent distributors. For the first time, they are not alone when they pursue their goals. Somell, they have time. Exactly youo what think is so fantastic about the product. There are and drinks come away weight drinks drinks, control drinks. These are out of fashion these days. These are actually trending in a big way. We are in two major categories, Weight Management and meal replacement. One meale number Replacement Company in the world. From ourllion shakes company are consumed every day around the world. Another major category is sports. People trying to improve their performance and sports. Sports performance. People trying to improve their sports performance. Trying to gain muscle. And sports performance, we were up 15 in the second quarter. Ours is a Business People are being drawn to and a very big way. Some of those people are salespeople that complained in miamis Federal District court. I am curious as to what your defenses. Defense is. Everybody else, and a time like consumers where consumers have little despair, if anything. This is an opportunity to better their lives. And so many have come to us over the years, so many have succeeded. Like any small business, not everyone gets to their goals. But what i love about our business is, youre never alone. Thats just a little bit of marketing talk. Im curious as to what exactly you guarantee people, given they often have to pay for training. Asting reports of as much 20,000 there are reports of as much as 20,000. No one pays for training. You could become a nutritionist by going online. You sign up with one of our sister bidders and learn from our Free Education that is offered online. Contrary to what one court case by the way, a court case ours is adecided business that is changing lives. There are so many positive stories at herbalife nutrition. 40 years, we have been in this business. Every year, evolving, getting bigger, touching lives. Still not hearing the details about how you are doing that. Beyond that, its quite popular among hedge funds. Have you heard from any of these Hedge Fund Managers about what they would like you and your board to do, or not do . We have a very Diverse Investor kind of group. Hedge funds are a part of that group. Orientedther longterm investors. Very active group of folks. They give us lots of advice. Our strategy is a longterm strategy. Qualityout investing in products, proven safety. It is about investing in technology to unleash the power of our entrepreneurs around the world. Nutrition requires the expertise of our distributors, when combined with our products, to deliver results. Have you heard from any of the Hedge Fund Managers . We speak to our Investor Community all the time. They participated in offering us advice and guidance. But i strategy is one that comes to us from many different places. Thank you very much. Herbalife nutrition ceo and chairman. Coming up, petcos new image. We will speak with the petco c eo. What is behind the companys rebranding. This is bloomberg. This is bloomberg markets. A covid pettibone. More are turning to ferry friends a covid pet boom. More are turning to Furry Friends during the pandemic. Today, petco is beginning to focus more on toys and foods, with a potential ipo on the horizon. Joining us is the petco ceo. Talk to us about how much more people are buying animals. What are they buying . Thanks for having me. Inis incredible, the boom animals and home. 7 of households said they had a new pay it a new pet during , in a new survey. It is a real boom. What kind of particular pets are we talking about, dogs, cats, more exotic animals . More exotic animals have been in the news recently. Birds, cats, reptiles, fish people are calling our stores saying, when are you getting your reptiles, new guinea pigs . Incredible getting new reptiles, new guinea pigs . It is incredible. People are looking for things to do with their kids. Obviously, money is tight for people, but they will spend it on their pets. Have you come out with new products . Other types of services for pets . We have really focus across our portfolios, whether it is nutrition, where we got rid of artificial ingredients two years ago, whether it is our grooming business. We are doing the most rapid buildout of networks that ever happened. Vets so far. 100 we will be up to 140 in january. That is allowing us to have the parentdtoend pet ecosystem that exists. Which is launched a program called vital care, a Membership Program for a monthly fee, you get everything from your nail trims, to your vaccinations, discounts on food. It is part of our commitment to become a health and wellness company. Think about is in the pet space about like a whole foods and after theng health and wellness of your pet. Assuming we go back to a normal kind of schedule at some point, do you have any advice for people who then may have trouble looking after their pets . The first thing is, try to turn your workplace into a workplace like petco. My dog comes to work every day and sits by me. I call him the chief doc officer of petco. So first, trying to convince your employer. Second, and with quality time you do have. Theut and do the walks, beach runs, things like that. Enjoy the time you have. We are going to be proponents for more of our offices being dogfriendly. It really changes the dynamic. That will be interesting to see, if dogs are roaming the corridors of business places, a more serious note, how concerned are people about their pets contracting covid . Have you had many inquiries about that . Is there anything you can do . Yeah, there were some stories about that, and anecdotes. If you look at it, it is a one in a million type thing. There are a lot bigger things to worry about. We do not see that as a major issue. We have a veterinary Advisor Council made up of some of the best vets. We dont see that is a significant concern. You are are rumors going to ipo, there are rumors for the private Equity Companies that got involved. What is the latest . Before i get to that, let me talk about the news that we shared this morning, which is all about shock collars. We announced we were going to get rid of shock collars. W, electricity belongs in microwaves, not your pets. , andings out fear, anxiety stress. We are petitioning for other retailers to join us in the elimination of these shock collars. With covid,rumors, even before covid, we have seen success. We are seeing more customers come to us for more products and services. Whenever you see success, there are rumors. We dont comment on any of those rumors. People have knowledge of the matter and have spoken to us people with knowledge of the matter have spoken to us directly. You are at some point going to have and i an ipo. Ipo . It be a direct will you list what well do will you list, what will we do . We are seeing success, we are happy with what we are seeing in the business. Beyond that, we dont make comments. In the boardroom, the options, what are you talking about, what is attractive . Right now, we are focused on establishing ourselves in the health and wellness business, in the pet space. Today, we are focused on trying to make sure that we get rid of shock collars. If you think about our mission, our mission is all about improving lives. That is what we are focused on. Okay. Its great that message is out there. Shock collar is going from petco doers. You wonder why people would look shock collars on their pets would put shock collars on their pets come anyway. Is there more you can give us on the future of the company . Nothing more in terms of financial structure. Thank you so much for joining us today. Still ahead, more on trumps treatment for covid19 and his return to the white house. This is bloomberg. This is bloomberg markets. Its time now for the latest business. Apple will hold an event next tuesday to unveil their five g iphone. The company will reveal 4 redesigned devices with 5g wireless capacity, upgraded cameras, faster processors, and a wider range of screen sizes. Have launched several other products, the new ipad air, and entrylevel ipad, and updated apple watches. The Worlds Largest chain of movie theaters will stay open despite the lack of films. Amc entertainment made that commitment today. This was a decision to temporarily close all theaters in the u k and u. S. They have reopened more than 80 of u. S. Locations. Going public with social capital. That is your latest Bloomberg Business . Business flash. Donald trump has returned to the white house. White house staff are still saying the president is not out of the woods. Earlier today, two more white house Staff Members tested positive. For more, we are joined by our bloomberg after reporter, michelle cortez. You have been following this from day one, reporting on this. How do we stand where do we stand . How many people are we talking about . What does the president plan on doing today . The president is in good spirits today. We heard his infection is under but he is not showing any symptoms, his oxygen level is good, he is up and moving around, we were getting tweets from him, but the question is not just about the president and his health, but the number of other people in the white house who have been infected. Every day, we are getting reports of cases. Today, we have to already, both military officials who were very closely involved with the president in terms of his daytoday preparation. We are hearing more and more about other aides. We will continue to get these numbers. An outbreak is exponential. Each person is infecting others. That. Already looking at it appears the president is going to tim down any of his activity or movement, tweeting out temp down any of his activity or movement, tweeting it out today. Yes, we are expecting to hear from the president at it. He is anxious and getting back on the campaign trail and debate next week with Vice President biden. We will see. His doctor will have to determine what exactly is acceptable for him to be doing, how many people he can be exposing to the virus, because he knows he is infected. A vaccine, he is capable of infecting others he is capable of infecting others. , it is interesting presumably, he will not be contagious at that point, if he is able to debate. Is there a questions for the Biden Campaign as to whether they want to play it extra safe, just in case we dont know enough about contagion yet . We still dont even know if the Biden Campaign has been exposed from the previous debate. It is possible that they have been getting negative tests, but only because they havent gotten through the incubation period. The realmot be out of of possibility for some of bidens Campaign Staffers to turn a positive. He was on that stage with the president. Turn up positive. He was on that stage with the president. When someone is talking vigorously and loudly, the virus can aerosolized. Can aerosolize. There nototential only from this debate, but the previous debate. Contact tracing has been a problem. Noteard the white house was fully cooperating with federal authorities. What do we know about that and about how Contact Tracing is being carried out at all . Yeah, there is commentary on twitter today about how the leading contact tracer at the white house has breaking news about people turning up positive. There are people at the white house, political staffers, but also many people we have heard about, the military individuals returning positive, many other valets, the cooks, the stewards, and people dont have an option about how exposed they are going to be to the president , having to go in and do their jobs every day to take care of their lives. There haseen not been an awful lot of Contact Tracing going on. Hopefully, these people are able to get up there and get testing to protect themselves and their family. There are also reports of fewer staff of the what fewer staff at the white house, but there are still reporters at the white house. You have to wonder at what point this carries out. What happens next in terms of polling . Candidates areh in again that. In, joe biden still has that lead. In other places, joe biden still has that lead. Will we see a sympathy bump . Would would think we have seen a sympathy bump for the president. Hes been saying he has come through this, we should not let we should not be afraid of the virus, but that is not the way the American Public has been able to deal with the virus themselves. Thes a sort of isolating president , setting him aside, making him more different. Michelle cortez, thank you for that. I want to bring one you headline. A chief sherman has quarantined after a pentagon meeting last week. The joint chief the joint quarantinedman has after a pentagon meeting last week. The joint chiefs chairman, no one quarantine. Now in quarantine. 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. Mark i am Mark Crumpton with bloombergs first word news. Little attention is typically paid to the debates between Vice President ial candidates, but that will not be the case when mike pence and Kamala Harris take the stage tomorrow night, with President Trump still fresh out of the hospital and still battling the coronavirus. Both pence and harris will have to assure voters that they can handle the presidency if either candidate becomes incapacitated. They will be separated by a plexiglas shield and stay 12 feet apart. The coronavirus continues to spread across the white house. Staffers have tested positive. The president is back at the white house after being released from walter reed. He is considering a televised address to the nation and says he does plan to participate in next weeks debate with joe biden. Nancy pelosi and Stephen Mnuchin resumed talks today on another stimulus, with warning from fed chair Jerome Powell that the u. S. Economy will suffer if policymakers fail to step up. Significant gaps remain between the democratic proposal and the proposal backed by the white house. Three scientists won the nobel prize in physics today for advancing our understanding of black holes in the deepest and darkest parts of the universe. Roger penrose of britain and of germany andl an american scientist explain what black holes are, devouring light and even time. Levelputs you at the where you have to watch, but you do not think you know everything. You have to also be humble. But it is the ultimate acknowledgment. Mark the prize celebrates what the committee called one of the most exotic objects in the universe, the ones that pose many questions that begged for answers and motivate research. Global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. Mark crumpton. This is bloomberg. Amanda live from toronto, this is bloomberg markets. I am amanda lang. Vonnie and in new york, i am vonnie quinn. Here are the top stories we are the top stories were following from around the world. Powell warns of a weak recovery. The fed chair says that without sufficient government aid, the u. S. Economic recovery will be weak. We discussed with katherine judge, economist. Collin johnsons bluff. To offers no plans concessions to the u. K. Prime minister before next weeks brexit deadline. We will discuss the outlook. A democratic sweep. We discussed how the 30 year yields indicate bond traders predict democrats winning the pres