Broadcasting live to New York, Bloomberg to Washington, d C, Bloomberg to Boston, Bloomberg twelve Wonders, to San Francisco, Bloomberg nine to the country's ene and around the globe the Bloomberg Radio Plus Athen Bloomberg got gone. This is taking stock. Coming up on taking stock. What do Howard Lauber, the chairman of the real estate brokerage firm Douglas Ellman, Steve roth ahead of Vornado Realty Trust, and also Steve Fineberg,
co founder of Service Capital Management, have in common. They've joined the team, the economic team of Republican candidate Donald Trump. We've got more details coming up right now. Les go to Charlie Pellett in the Bloomberg news room for details about business news. All right, hey, thank you very much. Pim Fox. Looking at stocks, We have got twenty nine minutes to go ahead of the clothes here on a Friday, on track for a record on the S and P and for naz DAK. Right now, stocks close to the
highs of the day. SMP five index up sixteen, a gain of nine tenths eight tenths of one percent. Right now Nasdaq is up one point one percent down. Industrial is up by nine tenths of one percent. Nastac Compositive Index trading above its record clothes for the first time in a year, putting it on the verge of joining the SMP at a record. Muhammad al Arian is a Bloomberg View columnists and the chief economic advisor to Alian
sandom Bloomberg Television and Radio. This morning, he was talking about today's jobs numbers, and we asked him why the Fed won't be moving as many times as anticipated at the start of the year because of the global economy. That is what's holding them back, and that's what's also has depressed expectations within the market of great heights. Although at two percent for September, I think that's still too low.
I would put it at And the Labor Department said the unemployment rate remained steady at four point nine percent as more Americans came off the sidelines to join the workforce. Two people with knowledge of the matter say City Group, the US bank with the most derivatives, purchased a portfolio of credit default swaps from retreating rival credit Suite Group SMP five hundred indecks up seventeen now to one. A
gain of eight tents of one percent. Naz Stack up fifty four, a gain of one point one percent down, Industrials up a hundred and seventy five points, a gain there of one percent. The ten year down thirty seconds, the yield one point five eight percent, Gold down one point eight percent to thirty two on Wall Street. Now we'll look at the other stories making news. Thank you, Charlie from the Bloomberg News Room. I'm Jill Schneider. This news update is brought to you by Blue Jeans Enterprise
Video Cloud. See Faces, Emotions, Energy, see the people your team's video from any device. Start a free thirty day trial at blue Jeans dot com and click the radio Mike, Blue Jeans Work Smarter, Connect Better. Republican presidential nominee Donald Trump is expected to endorse House Speaker Paul Ryan. Fox News, citing two unidentified Republicans, says it will happen tonight in Wisconsin. In an interview with w t MJ and Milwaukee Today, Ryan said his number one goal is to keep Congress
in the hands of Republicans. My primary job is Speaker of the House, is check Republican majority. If we lose our majority and Republicans switched from a Republican majority of the House majority that needs for losing everything across the country that meets Hillary Clinton comes in with the government that looks like what Barack Obama had in his first
two years. Speaking to a meeting of black and Latino journalists in Washington today, Democratic presidential nominee Hillary Clinton says she knows she has work to do to win over Americans trust. She blames some of her low approval ratings on Republican attacks. Florida Democratic Senator Bill Nelson is urging Senate Republicans to reconvene and pass an emergency spending bill to combat the zeke of virus. Is uh government in
action that is the height of irresponsibility. A prominent real estate executive is throwing his hat in the ring for the New York City mayoral race. Republican Paul Massey has announced his candidacy to challenge Mayor Bill de Blasio in next year's election. Global News twenty four hours a day, powered by more than journalists and analysts in more than
one twenty countries. I'm Jill Schneider, and this is Bloomberg Charlie, and we thank you and again recapping stocks higher, with the SMP five hundred index up eight tens of one percent. Downd US reels now up one hundred seventy eight points, a gain of one I'm Charlie Pellette. That's a Bloomberg business flash. You're listening to taking stock with Pim Fox at Gatlee Mays on Bloomberg Radio. Hillary Clinton holds a
four point lead over Donald Trump in Georgia. Now, Georgia hasn't voted for a Democratic presidential nominee in about a quarter of a century. This is all according to results from an Atlanta Journal Constitution poll that was released today. Also released today details of Donald Trump's economic team here to tell us more, is Mark Halprin. He is co host of With All Due Respect. He's also co managing
editor of Bloomberg Politics. With All Due Respect can be seen weeknights at five pm Wall Street Time on Bloomberg Television and Bloomberg in Washington, d C. Mark, thanks for being here. Tell us about the economic team that Donald Trump has assembled. Well, it's a it's a diverse group in terms of their professional backgrounds, A little surprising. It's not diverse in terms of gender or race. It's all white men. And uh, it's a lot of people who
have been associated with Donald Trump. I'd say, uh, they run more towards protectionists rather than free traders, which is of course a big economic issue for the country. And when where Donald Trump has challenged the party's orthodoxy, And uh, you've got some former government officials, a lot of people
in the private sector finance as well as manufacturing. And I don't think it does anything to really tell us much more about Donald Trump's economic orientation than we knew before, which is to say he is in some ways a classic center right Republican, in other ways icon of classic again, particularly on trade. Some names include John Paulson, the hedge fund manager, Steve Feinberg, the co founder of Serberis Capital Management,
Tom Barrack of Coliny Cappell. In addition, Steve Roth, the head of Ornado Realty Trust, and Howard Lawber, the chairman of the real estate brokerage firm Douglas Element. Do they have the expertise that the Republican Party needs to govern or to tackle the issue of the U S economy? Well, you know, one of the big mysteries when you've got a candidate like Donald Trump, with no government experience, is what kind of people could actually bring into the government.
He's not been very specific about that. The ones you listed are heavy on people from the service sector, finance and real estate m as opposed to manufacturing, although there are some manufacturers on there. I think that that I have very little doubt that if Donald Trump wont that he would draw more heavily from the private sector. The kind of deal making, uh non governmental people who he's touted,
rather than what most presidents do. We just bring in people from past administrations would be some of that, but I think certainly less of that and you'd see normally and lesson Hillary Clinton would do. Michael Morrel. Michael Morrell is the former acting a Central Intelligence Agency director, and in an op ed piece published in The New York Times, he had some harsh words for Donald Trump. Is this
what we can expect from former government officials? From now until the end of the election, you will certainly see more of this. Morrell is very well respected to serve presidents of both parties, a career intelligence officer, but a part of the establishment now. He's was Hillary Clinton's colleague when she was Secretary of State, so he's got firsthand
experience with her. But it is not an uncommon view amongst members of the Washington establishment, whether they're partisan or like Moral Moore of no on partisan figures to look at Hillary Clinton as a safe traditional figure, in Trump as someone who outside the mainstream, and in in in case of Morale and others, someone they see is dangerous. Um. It's certainly helpful for Hillary Clinton within the establishment, but Trump's campaign is not predicated on winning over members of
the establishment. And Trump has kind of like catch all response to anyone who's been involved in American security policy in the last twenty years, which is, do you think the country is safe right now? Do you think we have good relationships around the world? Do you think that the Iraq War was a success? Uh? If you do, vote for the person who's got the support of the
people who are the architects of those policies. Well, the support of states such as Georgia, New Hampshire, Michigan, Pennsylvan You, Florida. Isn't Donald Trump gonna need those states in order to capture the electoral College. There's not a path to two d and seventy electoral votes that doesn't include Georgia, and there's no surprise that Trump has had a horrible fortnite. Clinton had a very successful convention by most conventional metrics.
Is no surprise that he's down. He's down by a lot, and he's down in places that he needs to win in order to have a chance to get two hundred and seventy electoral votes. He's having a better day today for a variety of reasons than he's had, but he's gonna have to claw his way back into a competitive position.
And if he if he's not safely ahead in places like Georgia, that does not speak well for his chances of winning states like Pennsylvania, in Ohio and Florida, then he must win to get it two d seventy electoral votes.
He's also fundraising along with Hillary Clinton. Give us an update on his fundraising, because many people were surprised that he is pretty netconnect a very successful month, in part raising big checks but in part doing something that I had was surprised he didn't do world yere, which is
very small dollars. One of my earliest interactions with Donald Trump in the context of being a presidential candidate was four years ago when he toyed with running, and I went by his office and his team showed me binders full of letters, handwritten letters that people sent him urging him to run for president. That's the kind of passion and grassroots fervor that mine the right way can lead to what Trump accomplished last month, which is people sending
in small checks. These are people who can continue to contribute because they've not hit the cap of individual giving about three thousand dollars, and they've become invested in the campaign in a way that generally turns a lot of them into volunteers and advocates for him in their neighborhood. So Trump was going to be outspent, but he had a very good month and that's encouraging, probably the most
encouraging news of him he's had for the week. Mark Halprin, thank you, host of With all due respect, weeknights, five pm. Wall Street Time on Bloomberg Television and Bloomberg nine and nine one in Washington, d C. This is Bloomberg coming up on taking Stock, What to Do with Your Money? Speaking with Chuck Lieberman. He is the chief investment officer and managing partner for Adviser's Capital Management He says people are overly negative about the economic outlook.