We talked to her about a guaranteed minimum wage, a free college education, and a full transition to renewable energy. To the marketst where Ramy Inocencio is looking at the latest. For when im presented implement rate, things are looking good. Near session highs. We are seeing the s p as well as the nasdaq on pace to close at record highs with a couple of hours left in the trading session. The dow was up by 166 points or so. It is still off a record highs, but this is where we stand. This is where we were going to be headed in the next few hours, unless something crazy happens. , the pop into the imap s ps 10 sectors in terms of health. Financials that the biggest bump , thats how it has been all day. 1. 7 is where we stand right now of Information Technology up by 1. 2 . Consumer discretionary stocks in third position, 1. 1 . We are seeing utilities at 1. 3 down. The biggest laggard in six weeks. We know why financials are up. Lets take a look at my Information Technology is up in terms of some company movers. This is for the most part the biggest bump up very symantec up by 4. 2 . It raises fullyear sales as well as profit forecasts held by the acquisition of blue coat systems. Oppenheimer is upgrading it from outperform to a market perform. Motorola solutions up 4. 3 . Boost to a 2 billion the Share Buyback program. Micron is up by nearly 3. 4 . July rose 4. 6 versus a fall from june. David with the jobs numbers, theres been a move away from stocks. Ramy in terms of currencies and commodities, lets take a look at the dollar index. We are up by about. 4 . Lets take a look at the u. S. 10 year twoyear yield. At that by seven basis points. The most sensitive of all the treasuries when it comes to potential Interest Rate rises. David thank you. Vonnie lets check in on the bloomberg first word news. Mark barton has more. Mark donald trump expected to endorse paul ryan. Fox news says it will happen in wisconsin. Paul ryans primary contest for house reelection is tuesday. Donald trump earlier declined to endorse all right, well his running mate did back the speaker. Former kkk grand was her david dukes getting more support from black voters in his u. S. Senate race. In louisiana, that donald trump is in his bid for the white house. Writes donaldst, duke is getting david duke is getting 4 . Another victim of the attack in nice, france has died, bringing the death toll to 55. The 56 or old man died in the hospital carried his wife and her 13yearold son were also killed when a truck driven by a tunisian manyearold down the promenade on july 14. The Islamic State has claimed responsibility. The french president is wasting no time pushing his country as a potential 2024 olympic coast. A series of meetings over two days, including a dinner with the International Olympic president. Peres lost the 2012 games to london in a surprise for the french, who felt certain that paris would be selected. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton, this is bloomberg. Get back to the u. S. Jobs report. Nearly one third of the 255,000 job gains in july came in professional services. That includes highpaying technology jobs. Once the work and grow the Technology Sector is indianapolis. One of the citys biggest employers is angies list, known as the Home Improvement review site, but its backbone is a technology coming. Durchslag joins us. Todayssk you to react jobs report. The position youre sitting, you could give you particular insight. Scott sure, david. Was a good report. I would have been concerned if it was less than 190,000 new jobs. 255,000 new jobs means is not a concern. Particularly when you put next to a report that came out last friday with the slow 1. 2 per capita gdp growth. Little bityou go deeper, its not enough to stand up and cheer and make me as a ceo sam going to go on a hiring freeze. As because productivity is flat. If you look at the actual disposable income that is implied in these numbers, its not really materially moving up in a way that would get you really excited about expansion. It takes away will could have been a cause for concern. Vonnie how are your listings reflecting whats going on at jobs economy right now . What are you seeing become enlisted more . Scott good question. We are seeing robust demand. You cant just read into that and say its a great economy. Does well in down cycles and enough cycles. In down cycles, people do smaller jobs. They try and make the most out of the current home. They will do repairs or renovations. Its different in the robust economy, with the nature of mix of services shifts more towards things we move into a new home. Bigger expansions, renovations, bigger jobs. When i look at the mix of services we are actually selling , its moving modestly towards ofe of a recessionary type mix. At the top level of overall demand, it doesnt change the overall volume. It just changes the type of things that people are directly doing. Vonnie describe what you mean by recessionary type of mix. Scott i just made it puts homeowners much more into a mindset of really trying to make the most out of their existing home. Doing painting jobs, repair work around the house, doing things that might turn a basement into a next her bedroom, making the most out of what they have as opposed to in great times, people get much more into a mode of doing room additions, getting a roof job done, that kind of thing. Became subject of a wider focus when donald trump picked mike pence to be his running mate. I mention the growth of the hightech sector growing at a pace of 18 , nationwide is closer to 6 . What is it about indiana right now, about the structure of the economy that encourages that kind of growth. From your perspective is a ceos a ceo of apany national company, is that replicate a bull nationwide replicateible nationwide . Scott i think so. You have a set of progrowth tax policies and incentives. In a very close relationship with universities and with trade schools. Its a cluster that really has a lot of the key elements that you need to be able to grow, particularly for a technology company. Indianapolis in particular, you have a Real Technology cluster thats grown up. Angies list has been around for 20 years, exact target, which is now Salesforce Marketing cloud, and a couple of other companies have been the anchors of that ecosystem thats really blossomed in. There are hundreds of startups that have grown up around it. We are seeing a real abundance of Technology Talent that has been attracted to the city where has been developed from within and around the state. David how much do you attribute that to governor pence . Scott to be honest, it probably started with mitch daniels, it was continued by governor pence. Ive only been in the state for about 10 months or so. Its difficult for me to comment in detail on mike pence. Severely with the state nextdoor, illinois. Its a totally different environments. Vonnie in the past, your prescriptions for helping the job economy have included things like training. Is there any way that angies list data can help, in terms of mentorships with a german model where you train with somebody for a couple of years and then you are a craftsperson. Scott we are doing a fair bit of that. We work closely with universities. We articulate the specific skills were looking at higher. Html developers, java developers, dev ops people. We are higher in those people. We have been hiring in product and technology and in sales. We are hiring for very specific skills that we communicate and are able to draw upon for this different institutions. Vonnie you are executing a restructuring plan. How is that going . There are some startups try to get into the space. How do you plan on sending them off . We communicated a profitable growth plan to investors in march that laid out a fiveyear view for how we would turn around and grow the company. We are on track, we have a next getting to the letter the milestones that we committed to. We just took down the reviews pay wall. Weve been seeing 700,000 new members of joined angies list just about a month. Weve seen great consumer engagements, and now the challenge will be to drive that into new revenues. Im quite optimistic about the prospects for that. Vonnie how are you positioning to put a moat around it, and at some point, would you consider selling . You fended off some offers at one point. Scott we are a public company, we always have to look at opportunities, but we are laser focused on executing a profitable growth plan, and frankly, it couldnt be off to a stronger start. Scott durchslag, thank you. Ceo of angies list in indianapolis. Coming up on bloomberg markets, dr. Toby cosgrove. This is bloomberg. David this is bloomberg markets, im david gura. Vonnie i am vonnie quinn. U. S. Health care sector has been one of the hottest part of the economy, with 1. 9 million new Health Care Jobs since 2013. Thats an increase of about 35 . Anda look at this industry its future, we joined exclusively by dr. Toby cosgrove, president and ceo of the Cleveland Clinic, the second biggest employer in the great state of ohio. They for joining us. Thanks for joining us. Does this create more Health Care Inflation . You are going toncine continue to see growth. We expect by 2025 to have another 110 physicians assistants, 215 advanced practice nurse nurse, we have a shortage of doctors all over the country. The demand is enormous. David that begs the question. The question. You have a shortage of doctors and nurses that has been persisting. Is this economy too dependent on jobs like the ones we havent health care right now . Do you worry about how sustainable this is . Dr. Cosgrove we know that health care is going to continue to grow. We have more people that are covered, particularly by medicaid, but he the real problem for health care is containing the cost. We have to do it by different efficiencies. Youre going to see more and more people who are added at the lower level to take over more clerical jobs and more technical jobs. Physicians and nurses to do jobs at the top of the licensor. I think you are going to continue to see a lot of jobs in health care. I think that has been almost recession proof overtime. Vonnie to that point, weve seen a lot of consolidation hospitalize around the country. Obviously, yourselves is the second biggest. Does that continue or take away the need for some jobs . Dr. Cosgrove i hope it continues, health care is under tremendous pressure. We are getting reduction in what doctors are being paid in what doctors are being paid. We have to become more efficient rate if you look at hospitals, they have been the last of the momandpop shows. Every community has had its own hospital and duplication of services. That was all done in a time when there was poor transportation and not enough in could do in the hospital. Now there are a tremendous amount of things you can do in the hospital and great transportation. Together in network, you dont have to have all hospitals doing all things. Get the patient to the right location at the right time for the right care. That should be much more efficient. Theres concern that this is going to drive up prices, because of the consolidation of the hospitals. Actually, i doubt that that happens. If you look at us right now, 60 of our payment is either medicare, medicaid, or no pay. You have no flexibility to bargain on those. More and more people are being covered by government pay. Theres very little that you actually can drive up your asking price. Until fewer than 100 days the president ial election. People taking stock of each candidate, what he or she has to say. Highland Capital Management looked at each and look at what sectors might benefit from each of ministration. Health care is the most needle sensitive to this election. It could make a difference who wins. Do you agree . Dr. Cosgrove i dont agree. I dont think theres any chance that you will see via Affordable Care act repealed. David are you surprised that we talk about that . Dr. Cosgrove you see it less and less as we go on. 50 of the population support the Affordable Care act. It doesnt become a controversial issue that he was in the past. I doubt that youre going to see an act now that is six years old and has been implement it across the country, is beginning to take effect and 50 of people supported. I doubt very much that either party, regardless of what happens has a repeal of the Affordable Care act. Medicare negotiation of perception drug prices has been a campaign issue, at least for donald trump. What you see happening there . Dr. Cosgrove the big issue. Drug prices continue to go up. It has been to people who take advantage of drug pricing, for example, valeant has been on anyones mind on everyones mind. We saw directly been around for 50 years get 600 increase in prices. Hard at we work really in theg our costs pharmacy in Cleveland Clinic took down 10 million in our costs. Valeant, with its drugs, raise the prices 11 million. We have to begin to look at this in a very major way and understand what is appropriate, in terms of drug pricing increases. We are getting more and more great drugs. Vonnie he us a roadmap. Who you think is the better candidate . Dr. Cosgrove i think it will depend on congress. I dont the we can predict. David in the insurance space, we of the department of justice filing suit against the merger ur major insurance shops. Do you worry about consolidation of what that could mean for health care . He was inve consolidation across manufacturing, insurance, and hospitals, physicians groups. Its going on all way across health care because of the financial pressures that coming from the outside. Its going to be an issue. Dont think that is decided yet. Vonnie you are global in ovid on the other places. You are opening a hospital in london. What do you think about when you look at the British Health care system versus the u. S. . They couldnt be more polar opposite. Do the brits do it better . With that work here . Dr. Cosgrove i practiced in london, as part of my training. Ive had some experience there. I think pretty clearly, england has underinvested in its Health Care System over a very long time. ,oth of its physical facilities and in its info structure. I think there is a tremendous demand for private. In this country, you see were going more and more government. And the rest of the world, more and more to private care. Its interesting that people want u. S. Health care. If you look at the things the , they want our intellectual property, they want our graduate education, they want our entertainment, the water health care. Want our health care. They dont want our steel. With multiple requests for u. S. Health care coming from all over the world. We are now another derby, very successfully. We are excited about going to london. We bring a model thats quite unique. We saw Bristolmyers Squibb being dealt a setback on a drug they had for lunch answer. Explain what that means for the company . How big of a setback is that with the face they place in immunotherapy . Dr. Cosgrove immunotherapy has tremendous potential. Weve seen it in things like melanoma, which has been very exciting therapy. Ere looking at a new era i think that will be productive over the years. Failed,ause one drug is i dont think youre going to see this abandoned or everybody pull away from that particular. Cosgrove joining us in new york. Still ahead on bloomberg markets, will valeant be able to sacrifice its way to success . This is bloomberg. David this is bloomberg markets, im david gura. Vonnie im vonnie quinn. A look at some of the biggest business stories in the news right now. Mergerse overseeing two among four Health Insurers is giving up on one of them. That includes rulings on both by the end of the year. Theres a chance that it fall apart before hand. U. S. District judge is giving the case against aetnas deal for humana. Making the challenged anthems takeover of signal to another judge. The cap the end the case because of its tighter deadline. David Valeant Pharmaceuticals is attracting interest to other companies, and potential sale could value the constipation treatment at 400 million to 500 billion. Valeant could choose not to sell the drug. They chose not to comment. Vonnie a european chill club taken over by chinese owners. Entire stake. The deal values the club at 820 million u. S. Dollars. And that is your latest Bloomberg Business flash. David donald trump and lists the of billionaires to help craft is economic vision. We speak with his senior economic adviser, stephen moore, along with the woman who shaken up the president ial race, jill stein. This is bloomberg. From bloomberg World Headquarters. It markets are closing, so lets take a look at commodities. Looking at oil as well as gold because we have in a volatile move in terms of commodities as well. Lets take a look at what is happening with of uti crude. It is down by about 25 about. 25 . Just aboveaw it pop that but we are still negative on the day. The acre hughes towns came out today. A rise of seven rigs to 381 active rigs. Lessig a look at the past five days. Right now, it is just up. 5 . Can see that it has actually been a volatile one. Bear market the territory and it went even further to that on tuesday. We have been peering the losses and ending up right now on this friday. Lets take a look at safe havens. Gold right now, because of the risk on environment, has been pulling traders out of old. 1343. Erasingbeen pretty much the gains. Higher monday as well as tuesday and we started to see a little bit of a loss of steam here because of the jobs report. Everything just sort of fell out of the bottom and we are down 1 . Gold, because of everything that has been happening, is up by about 20 . Race turning now to the to the white house. On monday, donald trump would a Major Economic speech in detroit and today unveiled the team that will help his economic agenda. It includes is steve nook and, a wall street that, and to fellow nuken, ares steve wall street vet, and two fellow billionaires. Rate00 jobs, unemployment or. 9 . 4. 9 . Make thedifficul