>> taking on the dollar. friends finance minister -- france pr friends -- minister.c trade betweenre the countries. good morning to our viewers in europe. i am olivia sterns.

this is "the pulse." behind the scenes of pro cycling. we go for a ride with the top tour de france team. cashing in on wimbledon. we will be live with a new champion, novak a joint venture and will ask -- novak your novak djokovic. sapin is urging governments to bolster the euro. counteract the dollar. was fined abnp record $9 billion. caroline spoike with sapin.

>> is it really necessary? i do not think so. airbus could sell to europe and it will create stability. we can afford this exchange rate. euro be a competitor to the dollar? -- 60% of banks are in dollars. >> we can diminish costs. fight against the dollar imperialism. the goal is to find stability and reflect economic reality of the world. the world can be more stable. >> do you think we'll see more european banks get a finalize bnp did? >> yes, there are other european thes concerned about

question. the pass is the pass. the u.s. justice system is independent. -- in the past is the past. we are looking to the future. >> is the french government going to take the lead? isfor us is any europe so it up to europe to lead the argument. -- france is in europe so it is up to europe to lead the argument. >> a lot of people have seen the dominance of the dollar. arehis sour grapes over bnp getting the euro to be the cornerstone of global trade? andou hear it from china russia it goes both ways. the russian government looking to diversify away. it is interesting to hear it from france. this is a hang diver of what happened with bnp paribas.

transactions in dollars with sanction countries. regulatory overreach. company thatwith a has lacked significant oversight and has committed a crime. that is a bit i dressed in a glittery way. -- this has been addressed in a regulatory way. guys.n it they will be talking about again today. >> it is about the extra territory. >> precisely. it is about overreach. they are not talk about knocking the dollar imperialism, they know they cannot do it. >> they cannot? why not? why do airplanes have to be finance and dollars? >> you can trade airplanes any euros. is on the other side of the fx markets. you will not break it overnight. these are the same politicians

that are calling for a weaker exchange rate. it is coming out over the weekend. what i want to trade with the euro? to hold sure i want that currency if that is what you want to do. it is about progression. we are talking about the company and people are getting together. i would like to see the french finance minister talk about the and falling into recession instead of dominance about the dollar. >> i am sure a lot of french ceos agree with you. angela merkel is in china. the second day of her trip and the seventh the trip she made since 2005. she met with the premier and later she will meet with the president. we are joined with hans nichols. what is at the top of her agenda?

>> cars, a little security. cars, cars and trade. germany needs and chinese to continue to buy vehicles. there are 2 folds like a plants. over 2 billion euros. when you look at the numbers, they are staggering. you have 250 million licensed drivers and that as expected to get to one billion. you look at the vw's they had 1.5 million vehicles in the beginning of the year and they expect to get to 3.5 million vehicles a by the end of the year. these are remarkable numbers. that's a strategy going forward. number withppointed industrial number coming down. we will see through the rest of the trading day to see if there are other data points that cause a things to go off. merkel is making her case.

>> there is something of a cold war story of growing. merkel has learned something disturbing about one of her spies? >> cold war is a great way to put it. agent for thean national security agency in germany was a double agent allegedly spying for the u.s. it is impossible to separate this story from the nsa eavesdropping on to merkel's cell phone which caused such an awful war. it is a key subject for merkel. with the u.s.l less likely. we talked about in the last hour. this alleged agent was sending information on a fake, dummy weather application. you would think you will be allowed only one weather app if you are a german spy but maybe had 2. olivia.

>> who knows the hans nichols. what else is on our radar. the biggest gainer on the stoxx 600. shares are up. the company sees a strong performance and mail in the netherlands. midland said it will acquire wild flavors. chinesed its competitor. vidia has agreed to buy new insurance a group. still to come, more exclusive interviews. you hear from the financial watchdog. ♪

>> welcome to "the pulse." i am olivia sterns. let's take a quick check of the currency market. at the dollar. you look at a five day. this after goldman sachs drop

gold and the forecast. saying goldman -- it saying janet yellen will bring rates up and a third quarter. that is sentiment around the dollar and is trading at a one-week high. it is following a much stronger jobs report we had out of the u.s. adding over 200,000 jobs. time for another bloomberg exclusive. michelle barnie has a message of doubt jean-claude juncker's nomination. get over it. the economic conference. he stressed the eu and eu k better together. a u.k. are better together. >> we need to get past the situation. it is to stay together. it will be a weakening.

it is our good luck to have it. it is the entry point for investment into a single markets. we need this gateway to be in europe and not outside. barnier once in equivalent with u.s. banks and that will be talks. bloomberg got a chance to speak exclusively with the ceo of rum.ge at the economic four it is a few days after toss with ugeyes and iliad. >> i believe the french market, not the physical size to support 4 operators. definitely believe will switch from 4 oto 3 as it will e

the case in germany or other european countries. anything, bring back the french market would be a positive move. clearly orange was not the best y the consolidation because we are the largest operator. that is theason competition. peygues andetween iliad, we have room to see maneuvers. we are still ready to take apart. think it's a necessary move for the consumer and investor and country. ne saying that a low

tariffs have which is air max a -- have a max and he wants to see an end. a portion of the largest collection of tanks will be up for sale. an engineer bought his first ofk in 1980 and by the time his death he had hundreds of vehicles. sam grobart looks at several on the block. ♪ >> nothing makes a statement like a tank in your backyard. on july 11, you can buy them. more than 100 will be optioned in california. steps away from silicon valley. >> the foundation was formed in 1998 by jack a middleton.

he went from a cash will start in the 1970's by collecting more than once a week. >> littlefield has no military background. >> these tanks represent multiple countries, multiple years, multiple wars and battles. the $30 million collection will roll eased to a new home in massachusetts. transporting a fleet of cross the country costs millions and the move.n is to fund while that look intimidating, most of the tanks can no longer fire real ammunition. >> it is like popcorn, you cannot have a just one. >> you may agree after seeing one of these. ♪

>> i don't know. most of the tens can no longer fire ammunition. that does not sound inspiring. and look at the hotshots, the bik free writing -- riding ers. they are battling it out. and theyome page -- will compete over five stages around the world. 15,000 firework displays took

place across the u.s. to celebrate for the july. this was used with a drone. accidents after the indycar 500 in pennsylvania. the colombian driver montoya sped at the fastest rate in history. his average speed was over 200 miles per hour. coming up next, another exclusive interview from the economic forum. we spoke to a hotel ceo. we will bring you that interview next on "the pulse." ♪

>> welcome to "the pulse." mercedes is bringing about one of his top of the class s class. it is not for every by the. it has protective armor and cost of more than $1 million. >> bmw has rolls-royce. what does the other german luxury maker have? er is left with only mercedes. they are going to bring back the pullman version of the s class

plated with armor that cost more than $1 million, twice the price of the most expensive a rolls-royce. and as a worldly, the s class is what we think of as a limousine with 2 rows of seats and a chauffer's cap inside it will be 21 feet along, the same as a great white shark and will be the biggest production car in the world. it is to invoke the 600 series limousines used for the pope and elvis presley. mler wants to overtake bmw as the biggest luxury automaker by the end of the decade. it requires mercedes to perversely produce much cheaper cars like the $29,000 cla. they have to keep the luxury

luster and they are doing it with huge, high margin halo care s. maybe it will work its magic on maybach. there are rumors will see the nameplate at a couple of car shows in november. >> twice as much of a rolls-royce and as long as a great white shark puts it in perspective. that is matt miller. time for the new energy. another bloomberg exclusive. with a chance to sit down with a and wethe economic forum who told us ceo focusing on air quality will be crucial for future progress. the talk is not enough.

we have to prove we are doing our best to produce our work which is energy to our clients so we can do this and there are two ways. there's a misunderstanding between climate change. [indiscernible] but is a problem for climate change. concerns. have 2 estting our products to the b which means our own work we had produce. we have to reduce the amount of oil, and reduce the amount of gasoline in all of our products. at the same time, we have to work on improving products. longercustomer can drive

with us and quantity of gasoline. >> that was christophe. staying on energy, egyptian's are bracing for higher price rises after government hiked the cost of fuel. more.t gotkine has the president said the move was only way to stop egypt from drowning in debt? >> yes. the fuel subsidies that egypt has been providing for decades. in egypt and other countries are like-minded. and you have the subsidies at your peril. what the president is probably banking on are a couple of things. in the mood for much more protests. they are protested out for the kicking out of president morsi and the aftermath. at the same time, there will -- and alsoa

sacrifices.aking and so, some fuel prices rising by 78%. that will trickle down to other things like chicken. by 25%. to rise >> egypt instructed by cash. how damaging are the subsidies to the economy? >> hugely. we are talking almost 100 billion dollars on subsidies for fuel over the last decade. foods,r example, frozen we are talking about 25% of egypt's budget being swallowed up. a massive scale. short term, it might be tricky. you.liott, thank elliott gotkine joining us from

tel aviv. coming up, ready for a fight. a russian billionaire is the driving force between one of cycling top teams and why he thinks owning a team is better than going to a casino and going to prostitutes and owning a big yacht. ♪ .

>> thank you. >> welcome back to "the pulse." here are your bloomberg top headlines. toing european governments -- bloomberg spoke in and screws of interview. him in anrg spoke to exclusive interview. airbus consultor air france and euros. it would create stability for airbus and for air france.

so we can avoid this exchange rate risk. opened an sachs private lending unit in europe according to the financial times . the bank introduced the business for private wealth management clients. looking to build a $5 billion loan book within three years. ukraine's government says its forces have retaken two more eastern cities from pro-russian rebels a day after government forces regained control of another rebel stronghold. let's take a quick look at how the european markets are trading this morning. manus cranny has more. >> markets are having a tough time because the perspective is a little contagion in the form of germany i'm a factor orders coming down for the third month in a row wrapped into unemployment rising for two straight months and you begin to understand why the world is a little more concerned the core of europe to be slowing down. wrap that into what goldman sachs perspective is on the timing of interest rate hike for

the united states of america. they say it is pulling it forward from the first quarter of 2016. the momentum is shifting in terms of the rate cycle and the debate. as if that wasn't bad enough, madame lagarde and her cohorts getting ready to downgrade global growth. they did it in april. could they do it again? her intimation was, the u.s. a strong, emerging markets some concern and europe, quite frankly, is underwhelming. note,t comes to goldman's the dollar just coming back a little bit. it could be we are shifting gears on the dollar. the reason why i said that, you look at the bond market. equities are lower, the dollar is off its highs. he did a look at the bond markets. what are they telling us? the difference between the u.s. ,ield and the cohorts in the g7

so you can see, that spread is just ever so widening. be set for much bigger move? that is what the most accurate, not me, the most accurate dollar forecaster is saying. when we are locked and loaded at the fed ready to go, get ready for a much higher dollar. how that translates is this puppy year. $1.30. back to you. .hat's thank you in just 25 minutes time, it is "surveillance" with tom keene. he joins us with a bit of a preview. the morning. what are you looking at today? bremmer will join us from eurasia group. ukraine front and center as the military forces in kiev movie east and seemed to dominate the rebels. we will talk to dr. bremmer

about ukraine and the new geopolitics both for american and also united kingdom foreign policy. also, acclaimed -- working in the digital media at aol and disney, she will join us. i really want to talk to her some point through the morning and thelevision industry that is much more front and center now than the movies. weekend. a three day an interesting show. cox also former executive at martha stewart. i want to get your thoughts, some of the headlines, a lot of dollar bluster going on out there. the french finance minister saying, there is no more need to do finance airplane deals and dollars. tonieo of total senators to buy oil in dollars. what do you think about that? >> it is time we bring this up.

i go back to what the experts say and i think this story is always there with the future of the dollar and an adjuster is away. it will take a huge amount of political and financial mass to unseat the dollar. it is a great cocktail car station or maybe a conversation you would have over strawberries at wimbledon. it is another thing to actually unseat the dollar. you don't see that. >> i was hoping would bring up wimbledon. did you watch it? >> a little bit. it was great to see the final match. it makes it interesting. the world cup has been front and center. >> of course. it was a good wimbledon. there is a little bit of wobble in the fourth set, but djokovic pulled through. tom keene, thank you. let's stay with the world of

sports. the tour de france kicked off this weekend, but maybe not where you would expect because it could often northern england of all places. we caught up with the owner of one of the top teams during preparation for the tour. >> the champion of siberia before he made hundreds of millions selling russians dumplings, dear, and credit cards. now pumping his money and energy ages very own team and wants to talk to me about it while he does a little writing of his own. >> to what extent is this about making money and to what extent is it you are a rich guy, you can afford to have a team? it is a bit of a toy. >> i would rather spend money this way than lose it [indiscernible] >> we're a week into the tour of

switzerland with one of the best teams in the business, and we have full access. but for the riders, it is just another day on the road, chance to put their weary feet up and rest their legs. average pro will cover 30,000 kilometers a year, and there's just a couple hours before today's punishing 219 kilometer race to the top of the swiss mountain. it is just before the race and time to talk strategy. >> [indiscernible] >> 200 kilometers ahead of them in the alps, the team owner is himself attacking the finish line. he rides a least part of nearly every race. business, or cycling, he likes

to win. bus, he checks in with the team. they're in second place, looking dangerous. stretch,on the final and they're not the only one suffering. [bleep] >> the rushes to find a tv for the finish. good job. come on, we have to finish the job. second. >> the team finishes three seconds behind the winner. are you happy? >> no. >> not at all? >> there is no second place. wasne who remembers who second. >> he is one of the most

competitive, driven people i've ever come across. >> i make money. --ponsor >> rising from humble beginnings become of russia's most successful serial entrepreneurs with the bank, stock exchange. the eight years he spent suffering as a pro rider was a good start. >> i would never be so successful if i did not do the cycling from the youth. that is what teaches me to win. to be a winner. >> tamimi now for more. -- wanting me now for more.

you're basically keeping up with them. >> i went easy on him. >> a stunning admission, he thinks owning his team is better , from his perspective, then buying a yacht, sing prostitutes, or going to the casino. for him,the thing is, cycling is about passion. -- he wants to change the sport. is heestion that arises, going to be -- >> transformed things. >> and his personal investment. he does not like to lose money. he is sort of the richard branson of russia. people like that, if they're going to lose money, they want to lose as little as possible. take a listen. >> cycling, 100% depends on sponsorship. there is no income.

five teams are owned by the real owners. we want to turn cycling. we want to make it more commercialized. we want to make this poor bigger. to come into was the sport -- >> we appreciate these kinds of people. it has become a bit of corporations. for we create more value , maybe some cameras, etc., we have to create some adjusting things so cycling will be more popular for the masses. [indiscernible]

it is not profitable at all. of tour de france, they're making money. >> they're making lots of money. >> hundreds of millions of euros. --is one of the few sports it is like actors that never get paid for the performance in the theater. >> you talked about boycotting the tour de france. would you really do that or was that an into threat? >> [indiscernible] to share the grew revenue. >> i don't care. >> that is the place where people really see the riders. >> our team, we cannot afford to lose. the sponsors are pushing them. they cannot afford not to have us. , the tvs not coming stations would never pay tv

rights. they say, no, no, but they will never. who was going to watch this french young guys? >> do think all of the doping scandals have gotten in the way of making it profitable sport? big advertisers pulling out -- >> i might be naïve, but doping is over. there is no more doping. , it was of the scandal related to 10 years ago, five years ago, three years ago. are no recent doping scandals because it is over. sure, i would assume like 80%. but now there is no doping. it is gone. >> is voyager pretty well in stage two yesterday -- his boy did pretty well in stage two yesterday.

stage three insta day in london and we will be at the finish line. >> he better win, because clearly, he is not satisfied with second place. >> we look forward to seeing part two tomorrow. we are going to keep the spotlight on sports with tennis. djokovic, a win at wimbledon. he is regain the number one spot from nidal. how much green will he earned from winning the championship? ♪

>> welcome back to "the pulse."

let's stay in the world of sports and turned to tennis. djokovic has defeated roger federer to win his second wimbledon title. what is the real value of being a wimbledon champ? today. ask him later on first, let's get insight on his victory from the cofounder of generate, a leading sponsors of -- sponsorship agency here in the u k i very exciting -- a very exciting final. djokovic thrilled, obviously, he said federer let me when one. it is a big jump because he had lost three championships -- it was a big deal because he had lost three big championships. what is this going to mean for him regaining the top spot? >> potentially huge. he reinforces that position. >> did he need this one?

>> absolutely. he was saying how much he needed it. this is important. he's a very marketable individual. you some great endorsements already, but as with all the athletes at the top of their game, you need to win. the more you win, the more your commercial value soars. years of moreeral sponsors and great endorsements from his existing partners. >> what gives him more to marshall value, being the wimbledon champion and association with this tournament or just the number one spot again? >> i think it is probably a combination. some will say it is about the titles and the number one ranking is hugely important. it has been so close between both nadal and djokovic. federer has been there as well for the last decade. winning is what it is about.

>> obviously, djokovic doesn't yet have his own logo. it was funny so all of the roger federer fans with the rf --by the way, look like the other logos. up ines djokovic stack terms of earning power versus federer and nadal? .> he has the potential >> but it is off the court were you really make the money. >> exactly. about $180 million in his lifetime, djokovic has a long way to go to get their but, his value has increased where he can command some great revenues for the remainder of his career. million --ut $27 sorry, $71 million for federer. he is still commanding some

great investment and he doesn't look like he is hanging his boots up. >> he looked terrific. and signaled he would very likely come back to woman did -- wimbledon next year. where does rafael nadal stand? >> he is still a force, particularly on clay. he is had her tremendous year coming back from injury. in terms of grand slams, he is on rogers tell. >> or is it one that is clearly the sponsorship darling? >> still roger. not only the number of endorsements and the number of sponsors, but the caliber. >> and a steady personality. you don't have to worry about him misbehaving off the court.

>> exactly. which appeals to some brands are brothers, they like -- >> after the tiger woods thing. what about andy murray? a lot of disappointment here. what does that do to his earning power? >> andy, it was great for them in 2012 and last year. as ank he is established great player on the international circuit. i don't think it will dent his earning potential. recently announced a new partnership. what we need to focus on, he is a winner, he is competing, but he also has characteristics with resilience. that guy is a winner. he does not like losing. but it does not change his personality. >> thank you so much for cofounder of -- this is a

reminder, we're going to be live with the wimbledon champion himself know that djokovic will be appearing later today on bloomberg tv. you do not want to miss it. and angela merkel's unfinished is mess. was she still needs to achieve before the end of her trip to china. ♪

welcome back to "the pulse." let's take a quick check on the currency markets. looking at a five day chart of the dollar. the dollar stronger, hitting a one-week high. this comes after goldman sachs brought forward its forecast for rate hike. that is sending the dollar higher right now. we will continue to track the equity markets and currency markets throughout the day on bloomberg. what we're watching for the rest of today, let's bring in our international respondent hans nichols who was in berlin. angela merkel will close out her visit to china today. what is your plan for the rest of the day? >> in a way, her visit was a bit of a victory lap. volkswagen announcing the joint ventures to much to new plant in germany.

my understanding of what her agenda for the rest of the day has and the next 24 hours, very simple. jet home quickly so she can watch germany in the semi final match tuesday night. i don't know if she has a satellite capability on her plane. president obama on his plane, international airspace, he can get pretty much any game. we will see if angela merkel can do the same. >> i'm sure she can. you are also watching something of a cold war spy scandal unfolding? alleged spy, allegedly squeaking. this is a joint double agent who worked for the german intelligence officials and then also spying for the u.s. of a. we will see what he says come in but he is in custody. this could become an even bigger scandal. >> they do so much. looking goods are

for germany. looking good for angela merkel. i'm jealous you're going to be in germany for the big match. thank you, hans. that does it for "the pulse." "surveillance" is coming up live from new york. ♪

a stellar jobs report, will interest rates surge in the 20 15th? ukraine advances. there'll be a showdown for donetsk.

one distributor's allegations, what it means for herbalife. good morning, this is "bloomberg surveillance." we're live from new york. it is monday, july seven. i'm tom keene with adam johnson and we're thrilled to bring you bring in greeley. -- ringed in greeley. did you have a good weekend? >> yeah, it was world cup heaven. the beauty of the three-day weekend, it always feels like five days. you said the world cup heaven. >> it was like heaven. time --ad a good >> i want to get back there. overnight, germany's industrial output dropped for third output in may amid signs europe'la