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[Bloomberg]( U.S. sticking to Friday deadline for trade pact, EU and U.K. look to November for Brexit deal, and Turkish meltdown leaves a mark. Deal deadline U.S. officials said that there’s [no wiggle room on the Friday deadline]( to complete a new North America trade deal, despite Canada’s Foreign Minister Chrystia Freeland only joining the talks yesterday afternoon. If key issues remain for [Justin Trudeau’s Liberal government](, markets are nevertheless confident a compromise[will be reached](. For President Donald Trump, the deal may prove [something of a damp squib](, as analysts and industry experts doubt whether it will help bring jobs back to the U.S. or improve trade balances. Extension Getting an agreement on a Brexit deal by the end of October is no longer seen as realistic by EU and U.K. negotiators, with both sides now expecting talks to run [well into November](, according to people familiar with opposing positions. For British Prime Minister Theresa May, there are risks in drawing out talks as rumors fly around Westminster about a possible leadership challenge [from Boris Johnson]( at October’s Conservative Party conference. May said she will fight any challenge and lead the party into the next general election. Sponsored Content by Siemens Imagine test-flying a zero-emission airplane before actually building it. Or constructing a power grid stronger than the worst storms. Siemens digital technology unlocks the potential for software and artificial intelligence to solve America’s great challenges. So business owners can increase production, hospital patients get better care faster, and city residents breathe cleaner air. These technologies make real what matters for one town, one business, or one family. Visit [usa.siemens.com]( to learn about digital ingenuity from Siemens.  Turkey roasting Emerging-market funds owned by BlackRock Inc., Pacific Investment Management Co. and others saw [losses of more than 5 percent]( in the three weeks following the meltdown in Turkey’s financial market. Money-managers are warning that investors won’t return any time soon, after the country’s bonds slumped 31 percent in August. The lira dropped again today, losing [as much as 2 percent]( against the dollar, despite efforts from the central bank to shore up investor sentiment by moving to tighten liquidity by ending unrestricted overnight funding to local banks. Small moves Markets remain quiet. Overnight, the MSCI Asia Pacific Index rose 0.3 percent while Japan’s Topix index closed 0.5 percent higher as hopes remained high of successful conclusion to North American trade talks. In Europe, the Stoxx 600 Index was 0.2 percent lower at 5:45 a.m. Eastern Time as [Italian markets]( remained under pressure. S&P 500 futures pointed to a [small gain at the open](, the 10-year Treasury yield was at 2.871 percent and gold was higher. Oil moves The correlation between West Texas Intermediate and Brent crude prices is at the [lowest level since 2015](, as U.S. production continues to be landlocked while facing pipeline constraints. A U.S. sale of  11 million barrels of oil from its [emergency stockpile](, set to hit markets in October and November, is not expected to do much to offset the effect of Iran sanctions which could remove as much as 1 million barrels a day from the global market by early November. A barrel of WTI for October delivery was [trading at $68.75]( at 5:45 a.m. What we've been reading This is what's caught our eye over the last 24 hours. - The Treasury yield curve is finally [going mainstream](. - California moves towards [100% clean power]( by 2045. - Trump warns Google, Facebook and Twitter to “[be careful](.” - The new [financial stability star]( the Fed needs to navigate by. - Italian bond traders aren’t going to [sit and wait for the next storm](. - [Aston Martin]( makes long-awaited move for IPO in London. - Long-sought decay of [Higgs boson]( observed. And finally, here’s what Joe's interested in this morning For years you used to hear people call the rally in stocks "the most hated bull market of all time." It caused ire for various reasons: some people were under-invested, others just thought that we hadn't solved the underlying issues that caused the crisis, and maybe a few were just upset 'cause they didn't like President Obama or the Fed. You don't hear that phrase too much anymore, but I wonder if soon we'll be able to talk about "the most hated economic expansion of all time." Once again, you have a lot of people who, for whatever reason, are predisposed to thinking that a downturn is coming. Some think the tariffs will cause a recession. Others worry that U.S. capacity is near maxed out and that the timing of the tax cuts was irresponsible. Some just don't like President Trump. Others may just be thinking that the economic expansion is getting long in the tooth. But in the meantime, there's a lot of good news out there. Corporate profits on a pre-tax basis [are growing at their fastest pace in seven years](. Consumer confidence is [absolutely soaring]( by multiple measures. And arguably, U.S. households are just getting warmed up. Remember, [household savings were recently revised up]( and are substantially higher than the pre-crisis period, meaning those same exuberant consumers may have untapped spending power. Toss in a [loosening of consumer credit standards]( into the mix, and it's not hard to imagine this expansion having more legs. Like Bloomberg's Five Things? [Subscribe for unlimited access]( to trusted, data-based journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters, The Bloomberg Open and The Bloomberg Close. Before it's here, it's on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can't find anywhere else. [Learn more.]( [FOLLOW US [Facebook Share]]( [Twitter Share]( [SEND TO A FRIEND [Share with a friend]]( You received this message because you are subscribed to Bloomberg's Five Things newsletter. [Bloomberg.com]( | [Contact Us]( Bloomberg L.P. 731 Lexington, New York, NY, 10022 If you believe this has been sent to you in error, please safely [unsubscribe](.