angela merkel, france for a long, and matteo renzi -- francois hollande, and matteo renzi will hold talkstalian aircraft carrier. angela merkel has accepted that it will take some time to decide britain's relationship with the eu. throw your thoughts in on time in terms of this brexit conversation. what many leaders will be talking about. migration and turkey is also on the agenda. about the timing of the triggering of article 50, we had a story over the weekend that actually the first six months of next year, or the summer of next year might be where we go, instead of later in 2017. what is your take? geoffrey: that sounds like the optimal time. unofficial talk going on behind the scenes. the fact that these three heads of government are speaking today, that's a sign they want to determine their own negotiating as well, trying to avoid the political calendar in france next year, which will be quite disruptive to markets. i think both sides want to find the optimal solution, but also it's important not to track the things out to much, and also try not to test people's patience. in therepo

renzi will speak at some point.e understand he will speak from the presidential palace in rome. a politicalhis as platform. they are still trying to extract people. there is a huge search and rescue operation going underway on the earthquake. but there is a linkage between politics in this disaster. tom: how removed is umbria from the italy that american tourists know, and milan and romse? e? it is in the center of italy. a lot of people are at the beach. it is a part of italy that not a lot of tourists know because it is in man. townsve a connection of that are around 2000-3000 people large. that is the effective it may be more difficult to reach these towns but it also means you do not have mass scal e deaths. tom: an update. let's go to first word news on italy. taylor: i'll recap those headlines. rockedth clarquake has central italy. 37 people were killed. as many as 100 are missing. the earthquake had a magnitude of 6.2. it was centered 27 miles from the town of rietti. rescue crews are searching through destro

we'll hear from renzi in his own words. it's tuesday, august 2, 2016 and "world wide exchange" begins right now. ♪ ♪

it is a test of matteo renzi's leadership.ree leaders meet to set a course without a u.k., what do you think of their chances? mike: the fact renzi seems to be distancing himself from a notion that if he loses the referendum that he would have to resign. given that the polls are close, swinging this way and that, it is hard to predict what the actual outcome will be. the fact he is pushing back from previous comments that he would resign if you lost is a positive, because if we lost renzi from italy that would put italy into a period of political confusion which would be worrisome for markets. anna: it has been fairly resilient in the face of brexit but u.k. data has been fairly resilient. so far, you're skeptical on whether that will continue? skeptical about the fact that you can't economy will continue to show the signs at the moment. if you look at the pmi data of the u.k., it absolutely fell off a cliff. compare that to the european data which has held up relatively well, and what you are seeing is the concerns around bre

we'll hear from renzi in his own words. it's tuesday, august 2, 2016 and "world wide exchange" begins right now. ♪ ♪ >> good morning and welcome to "world wide exchange" on cnbc. i'm sara eisen. along with don. >> today to be here, good morning. >> let's check in on global market this is morning. it looks like we're lower again today. dow down about 40 points. s&p futures down 6. nasdaq down nearly 14. this after the dow actually finished lower for the sixth session in a row. as for oil prices, all the focus back in a bear market off 22% from the june high. and they are getting a bit of a relief bounce this morning. >> still around $40 a barrel. >> dipped below it yesterday, 40.13 right now. keep a close eye on that. it is starting to impact sentiment perhaps with lack of other catalysts. the economic data heats up. >> of course everyone still talks about the former correlation trading relationship between stocks and oil. we'll see if that holds in the weeks and months going forward here. among today's other top stories. sh

>> it is renzi who likes symbols.at news conference influence with merkel in front of the massive statue of michelangelo's david. this time, the symbol is a warship because this is the flagship which is heading up the european union's naval mission in the mediterranean to search and rescue for migrants and also to find the people smugglers. that is one of the huge challenges facing the eu and that is why renzi has invited them on board. francine: are they talking brexit? >> francine: say again? francine: are they talking brexit? >> the are talking brexit. they are talking all the challenges facing the eu, including migration, including poor economic growth, foreign affairs with turkey, the deal on migration there a between turkey shaky,ece also looking lots of issues up for discussion. francine: any chance of concrete progress on how the eu can make a deal with the red lines, whether they can still have access to the single market or part of the single market if they don't allow immigration to resume with free borders

renzi said many people assume that brexit would trigger the end of europe, but that isn't the case. details other talks have not been disclosed, but the leaders are believed to have worked together on job creation for young people and boosting security cooperation in response to a series of terror attacks. >>> in our series "women of vision "we meet figures who are challenging society and prevailing norms. today expat catherine jane fisher. she's leading a campaign that seeks justice for victims of sexual assault by u.s. servicemen and base workers. >> tens of thousands of people gathered in june to protest a crime that shocked the nation. weeks earlier police arrested a former u.s. marine who was working at a military base. they believe he assaulted and murdered a 20-year-old japanese woman. catherine jane fisher traveled from tokyo to join the rally. years ago she endured a similar attack. >> i'm not afraid. i'm not ashamed to say that i'm a survivor of u.s. military rape. >> reporter: fisher came to japan with her family as a teenager. she worked as a model and english teacher an

renzi posts merkel and hollande. we will give you a preview. this is bloomberg. ♪ manus: welcome back. let's get the bloomberg business flash. juliette saly is standing by. juliette: thank you. japan's biggest brokerage plans to hire bankers in the u.s., resuming a push to boost its investment banking business there. the ceo has been a limiting jobs since shutting businesses in the europe and the americas to say $700 million and spent six years of losses abroad. this comes as he anticipates rising volumes emerging' in stock offerings in the u.s. a bankis to investigate whose compliance program was described by a u.s. regulator as a "hollow shell." million forned $180 violating money laundering laws by the department of financial services in new york. it's a suspicious transaction load between the new york and panama branches and a number of branches were at the center of the panama papers scandal. uber has told investors it won't pay more than $2 billion for its main rival lyft, according to people familiar with the matter. unsuccessfully sough

d renzi blow >> there is the non-negligible risk.f you're asking me, what is the big risk for the eurozone the next two or three months, it's the referendum on the reform in europe. the ecb is in no hurry to ease any further. from that point of view, what could happen is in italy without government, and the prospect for general elections with the five-star movement leading in the polls. that could do it for the eurozone. that critical risk could have economic implications. it may mean the ecb will have to step up to the plate. that is a risk for the time being. guy: let's talk about the skill of that risk. we have learned from brexit that we can ignore these things. talk to me about the symmetry and the asymmetry of what is going on. talk to me about how much the market has priced it in, and the scenario you talk about, how much of that is into thinking? >> it is clearly flying under the radar. political risks in europe -- they could certainly stage a comeback in september. it's a fallout people haven't bothered to consider. that wil

this man, matteo renzi, the italian prime minister, facing no shortage of economic challenges.ve a great story on the bloomberg overnight talking about challenges he faces. the italian government needs to deliver the best six months of economic growth since 2000 if they want to meet the demanding gdp goals they have set for themselves. italy is facing a stagnant economy. they have emerged from the longest recession since world war ii, but the economy is still barely stagnant, and banks are indebted and face increasing challenges to matteo renzi's leadership, adding up to italian matters on the agenda as they meet on the west coast of italy. that is one thing we will be focusing on during european programming. yousef: anna, some interesting stories over the weekend also. the fact that the fallout from the brexit vote could be hitting the city of london? anna: specifically, we will talk about -- i'm sure there are many viewers in your part of the world interested in what's happening in the u k property market. we have numbers from countrywide, forecasting the london housing boom

investors counting down to jackson hole later in the week but also keying an eye on renzi, merkel&loan taking place. ftse higher by .2, french cac 40, .8%. also looking at commodities a stellar week, seeing a pullback in that as well. let's give you a check how it's playing out insectors, we did see weakness in resource at the start and that continues basic resources off 1.2% the only sector in the red tracking weakness in metal prices as well. no surprise when you look at chemicals pushing high 1.7%. a lot down to the strength we're seeing. getting green light from uss regulators. elsewhere across the board autos, telecoms, insurance moving higher than 2%. >> as you quite rightly mentioned the fed close to full employment and 2% inflation according to stanley fischer. according to positive, vice chair declined to give guidance when central bank may raise rates. comment come ahead of friday's kickoff of the final jackson hole symposium hosted by kansas fed. chair janet yellin set to speak on the first day of the three-day event. this was a real favorite of bernanke to signal policy cha

the prime minister, matteo renzi, touring the damaged cities this afternoon and thanking those first responders for their dedication. italian authorities believe more than dianne gallagher, reporting. president obama called italian president sergio mattarella and offered help. he also praised the quick actions of the first responders. no word yet if any americans were hurt or killed. it's been about ten days since flood waters swept through louisiana and forced people to evacuate. some are now returning to their homes... and discovering what the floods did to everything inside. ""i'm 5 feet tall and if you see the line in my house i had at least four feet of water in my house." " many of the flood victims do not live flood plains... so they do not have flood insurance, officials estimate only 12 percent of people affected had the insurance they'll need to rebuild. those people in non-flood zones can only get about 33 thousand dollars from fema... which will not be enough to cover damages in most cases. reality star kate gosselin is opening up... about why one of her famous sextuplets

francine: we have on the merkel, matteo renzi, and others meeting without the u.k.he fact that they are all the worship -- i don't see it being comfortable, but do they just need to prepare in dealing with the world without the u.k.? and how much impact will it have on their economy? >> i thought ian was right; it came to the heart of what they will be dealing with, contagion of agents. you look at the way the negotiations play out, which will be at least a two-year gain. there will be signals to lots of other economies in the message they take away will derive on what chance does the other drive out of the european union. francine: we spoke to joseph stiglitz on friday, and he said anything is better than europe at the moment. if that is the realization, would brussels not try to break up, or at least let the eu breakup if that is the wish of the people? >> one of the frustrations that i have -- they are separate concepts. at its core formation around cooperation is amortization has delivered lots of economic benefits. the eurozone is an unmitigated disaster and wi

plus italian prime minister matt matteo renzi speaks out.as to say on the possibly referendum. le trading so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade your business needs better technologywho wants to to drive better performance. so you need it to be reliable and fast. really fast. introducing the comcast business summer savings event. fast internet speed to drive performance, plus cutting edge wifi for your employees and customers, and voice mobility so your calls find you wherever you are. get some of our most advanced products at a great price with over $500 in savings. call today and ask how to get these savings plus a $250 prepaid card. comcast business. built for business. >>> good morning everyone. i'm sue herrera. here is your cnbc news update at this hour. president obama welcoming the prime min

got merkel, hollande and renzi to hold talks on monday.ely, do you think, this news has come out today ahead of those talks? >> well, i mean, it was certainly going to be on the agenda next week. i mean, i think it is at the forefront of almost everyone's minds whether you are in the u.k. or in continental europe. i think at the moment, very little is known after the detail. i don't think there's a very firm consensus on the key red lines as yet. i think these are all being thrashed out. in terms of the timing, one thing theresa may has made clear is brexit means brexit. that implies she wants to get on with that job as soon as it is sensibly conceivable. svenja o'donnell, thank you. the european close, we will look at a big week in u.k. data and what it means for the market. let's have a look at how stocks are trading 30 minutes or so from the close -- the rally yesterday was short-lived. ftse and dax lower. cac 40 down as well. look at how currency and bond markets are shaping up. sterling dropped the most in two weeks after that news ab

it is about the political turmoil surrounding prime minister renzi weighing on italian bonds versus german bunds. homebuilders giving a lift to the ftse 100. the uk's biggest homebuilder by value climbed to the highest level since brexit. this is the stock price this year, drop post brexit. now climbing as much as 4.6% after they said first-half profit increased and reservations rose sharply last month. david: getting back to the breaking economic data -- before that, i want to get a check on the first word headlines. president obama gets a firsthand look at record flooding that swamped parts of louisiana. the president's trip comes four days after donald trump criticized him for staying on vacation during the disaster, but the louisiana governor said the president should not visit until after the first few days of recovery efforts. the blood has damaged an estimated 40,000 homes. tropical storm gaston is growing stronger as it moves over the eastern atlantic ocean. the storms sustained winds increased to 50 miles per hour. additional strengthening is forecast. gaston is expected to become

. >>> euro zone top three leaders who are merkel, of course, and renzi and hollande. we're talking obviously on the blocks future despite the shock decision to exit the union two months ago. in a symbolic show of unity aboard the carrier, called for a closer cooperation among members and for the end to pop list politics. renzi told reporters despite the brexit vote, the european project was not dead. >> >> translator: many thought after brexit, europe was over. it isn't true. we respect the british people's choice. i want to write a future chapter. this is why external and internal security, the fight for common defense, better intent a project at common security are all absolute priorities on which we'll discuss. >> wheen while uk prime minster theresa may plans to inject 50 billion pounds into the country's economy. that's according to an hsbc note reported by the telegraph . if the economy slows down as expected the uk government will launch a stimulus plan that could add 1% of gdp to the deficit. warned the uk government that any aggressive cuts to corporation tax

. >> sticking on that theme, look at this one, italian prime minster matteo renzi who julia just spoke taking to twitter against turkish parking light erdogan, coming after lashing out at the justice system for targeting his son. calling the italian judges to focus the attention on the mafia there instead. erdogan saying the issue with his son could tarnish italy and turkey's relationship, but then renzi shooting back in twitter in italian saying in this country, judges respond to laws and the italian constitution, not to the turkish president. it's called the rule of law. so an interesting battle on social media over what's happening with italy and tuturk >> it's not just leaders in this can country. >> >>> bit coin plunging after being hacked. hackers stealing more than 119 bit coins. that's worth 172 million doll s dollars. announcing the breach and freezing all customers counts yesterday. reacted and slid 26% that's a to month low for bit coin continues to get plagued by hacking its electronic digital currency. the backers would say is part of the growing pains. this is what happen

reporter: matteo renzi was quick to say everybody thought the european union was finished after brexitd these three leaders were trying to emphasize that europe was the solution, not the problem. they discussed defense, terrorism, and economic issues you mentioned earlier. francois hollande was at pains to say we need to generate more economic growth. all three leaders had a focus on young people. all wanted to generate jobs for young people and try to create a different kind of future. turn the pageaid, to create a different kind of europe. it is important to emphasize these leaders are facing some harsh realities in their own countries, even though there was a push to downplay nationalism and egotism in their own countries. there are elections looming in france and germany. the italian prime minister is facing a constitutional referendum in november, which will undoubtedly be a popularity poll on his status. these leaders are creating a picture of solidarity and unity, building a future for europe together. someare trying to downplay of the problems in their own countries, in their o

we know prime minster renzi has been in touch with the agency. said they are activating emergency members and given this quake hit at 3:00 a.m. in the dark, you have to imagine that as morning broke, rescue efforts are still getting underway to try to determine how bad the situation is on the ground beneath that rubble. a lot of these mountain towns we're talking about extremely old ancient buildings. a lot of concerns about the infrastructure there and how that will impact the rescue and the aftershock we often see in these situations. we'll bring you updates throughout the show. >>> in the meantime let's bring you up to speed where equities are trading. 90 minutes into the session with europe. you are seeing the ftse 100 off .30%. we are seeing optimism with the likes of wpp. not enough to lift the market into positive territory. oil and gas sector remains under pressure as well. the french cac 40 and the main italian market, the ftse mib holding in positive territory. this comes after a positive session, but rather muted in the u.s. yes, we sa

italian prime minister, matteo renzi, is promising a rescue effort. hearts fallenith with tears want to remember these are stories of families, human, women, men, beings. therefore, the primary sentiment commotion, pain, and profound emotion. sentiment that can be found across the country from the north to the south political or personal ideas. this is an italy that's in solidarity with the this territory. catherine: hundreds of rescue crews from across italy and the thecan have flocked to towns, a 90 minute drive east of area.n a popular tourist reporter: rescue operations in amatrice are well underway as crews search for the rubble.rough it's been slow-going as rescuers appeal for supplies. we need chainsaws, shears to bars and jacks to remove beams. we need everything. the town the center of has been reduced to rubble with entire buildings demolished. big cracks can be seen in the few structures still standing. residents recount their ordeal. fell on mye ceiling head. i just managed to put the pillow hit, head and i wasn't luckily. reporter: the ep

italian prime minister matteo renzi has promised that the building will be a national priority. as his government faces tough questions about safety standards, it is trying to prove it has what it takes to bring life back to this devastated region. terry: clashes between police and antigovernment protesters have erupted in zimbabwe's capital, harare. the violence comes a day after a judge ordered authorities not to interfere with a protest march. witnesses said at least 40 people were injured after police used batons, two gas, and water cannons against the demonstrators. the funny march was organized by 18 opposition parties including the movement for democratic change led by morgan chung right -- morgan tsvangirai. demonstrators are demanding the resignation of president robert mugabe, who has been in office since 1980. buses have been taking people outss eac suburb. under the terms the agreement, 700 armed men will leave for the rubble-controlled city of idlib. all 4000 civilians will move to government shelters. the pkk has c c cresponsibilityi bomb attack on a turkish police

intellectual imprisoned here first envisioned a united europe and monday, italian prime minister matteo renziosted angela merkel and france while aland -- francois aland. the ship serves as the flagship for the eu's migrant rescue operation in the mediterranean. a key issue in europe's drive to ensure security, says chancellor merkel, but more must be done. >> it's also conducting training on how we can protect our borders, which is one of our main challenges in ensuring freedom of movement inside the eu. >> president hollande discussed security against terrorism. >> the main risk for europe as well as other nations is a dislocation, fragmentation, egoism folding in on ourselves. all three leaders face declining poll numbers and political pushback from rising far right parties. ramsey kicked the talks off with a visit toward -- at the tomb of all terrio spinelli, he cowrote a manifesto calling for a federation of european states. 80 years later, the european union is a reality but faces greater challenges than any time in its history. terry: max hoffman is in italy following this story for us

italy.reporting their in the italian prime minister renzi has declared a state of emergency in the region which has enabled the release of 50 million erdogan-- 50 million e. he has committed to improving the country's defenses against earthquakes. reporter: this is what is left of the school in amatrice. it was renovated in 2012 to make it earthquake proof, but like many other buildings around it, it collapsed on wednesday. this former teacher came as soon a she heard the news. >> i used to teach here for many years. until a year ago. i'm sorry. i can't believe it. forrter: a as the s search survivors continues, many in italy are asking whether the tragedy could have been prevented. after the 2009 earthquake in the neighboring town, italy's civil protection agency made almost 1 one billion euros available for buildings in vulnerable areas. there is a cumbersome application process, according to critics. poor quality rejoice used for renovation -- poor quality materials used for renovation could also be to blame. the prime minister has promised 50 million euros in funds for rebuilding and

prime miminister matatteo renzi spoke at a news conference in rorome on thursday. >> translator: the government has declareded a state of emergency for the quake-hit areas and authorized 50 million euros to respond to the disaster. >> the magnitude-6.2 quake caused extensive damage to the town of amatrice and surrounding areas. the town is a popular tourist destination in the summer, and police believe foreign travelers may be among the victim. rescue teams are racing against time to find people under the rubblele. there have been over 900 aftershocks, including one with a magnitude above 5. >> the earthquakes have continued very frequently. it's a really dangerous situation. >> police and firefighters are using drones to search for survivors, but experts believe it'll take more time to grasp the full extent of the destruction. >>> turkey has sent more ground troops across its border into northern syria. it's part of an apparent move to stop kurdish fighters from expanding their territory. turkrkish troops began a milita offensive on wednesday that pushed islamic state militants out

matteo renzi says europe is not the cause of all problems, for the solution. a strong foundation. pretax profit at persimmon rises nearly 30% in the first half, while the ceo tells bloomberg that, despite brexit, the market is robust an. and the dollar loses ground as the market waits to see what janet yellen will have to say at jackson hole. caroline: and manus, all the market waits to see what the pmi data will be today, from france, germany, the eurozone. it looks like there is risk appetite, looking at the futures market. we are called higher after yesterday's slight selloff in the dax, cac, and ftse. a bit of risk appetite ahead of jackson hole, and perhaps suppression of concerns about the u.s. ranking up hikes. it comes down to this -- the mediating bond traders seem to be happy with don's. it is the fx traders that are skittish. the dollar index is down, the market retreating. yesterday was rather gung ho in terms of stanley fischer's comments. today it is all about positive thought. wirp on your bloomberg says 24% chance of a hike, 51% in december. the dollar is vulnerabl

prime minister matteo renzi and a representative of pope francis were among the mourners. many of the medieval buildings collapsed. the uzbek president remains in intensive care in hospital after suffering from a brain hemorrhage. the news was confirmed by his daughter's instagram post. authorities confirm he is stable. he is the only president of the former soviet republic. -- since gaining independence 25 years ago. celebrations to mark the anniversary have been canceled. in somalia, a car bomb has exploded outside a hotel in central mogadishu, close to the presidential palace gates. 20 people are reported to have been killed. the islamist group al-shabaab says it carried out the attack. more than 30 people were injured, including politicians and journalists. a security conference was to take place at the same hotel. you are watching "bbc world news america." still the come on tonight's program can we take a ride through america's rust dealt to find out what people really think about hillary clinton and donald trump. minister, economy emmanuel macron, has resigned from f

the fact that renzi's losing support here. because the people are saying the economic recovery isn't happening soon enough. and of course that ties right back to the banks and the fact that they're saddled with so many non-performing loans. they're not lending. so i think there is a real necessity here to do something bigger for the banks. the question is what. when you're bound by the new rules in europe bailing in bondholders. it's a tough one. italy didn't bail out their banks soon enough. that's the problem. >> julia, thank you very much. again, julia chatterly. >>> when we come back, we'll get reaction to pfizer's earnings. then nick denton filing for personal bankruptcy as a result of hulk hogan's lawsuit. he joins us to discuss. for now look at the equity futures. dow down 31 points. 3w4r57 tokyo-style ramen noodles. freshly made in the japanese tradition, each batch is small. special. unique... every bowl blurring the line between food...and art. when you cook with incredible ingredients... you make incredible meals. f

you look at whether matteo renzi can even stay in charge.ve eurozone, not bad figures, germany powering ahead, italy falling behind. stephen: and it is structural, italyularly in italy area is a very serious problem for the eurozone. burden is-sector debt something that i don't think the italian economy can grow itself out of. the issue is not only one for .he ecb i think the scope and scale is really important. oil.about the level of minsky -- adam sky on the state of supply and demand. from london and new york, this is bloomberg. ♪ francine: live pictures from hong kong. we are talking china, we are talking some of the credit that we are seeing. i'm francine lacqua. tom keene is in new york. growth grewermany, less than predicted. it is a signal that europe's largest economy may be strong enough to handle the u.k.'s decision to leave the eu. italy's economy unexpectedly stalled. the jobless rate is above 11%. jpmorgan as liquidating a fund focused on japan after significant redemption. dipped to about $17 million last week. china's recent

(matteo renzi, italian prime minister) we are going to work because in the next few hours we must continue to bring people alive from the rubble. right now... equipment is being moved in to clear the way for rescue and recovery teams. and clear across the world...another poweful quake... a 6-point-8 magnitude earthquake struck central thailand today. while most buildings remain intact.... two deaths were reported. data from the u-s geological survey shows the tremors were felt as far away as bangladesh, india. ((ad lib and toss to wx)) ((ad lib and toss to wx)) late night rain has moved on and drier conditions will not takes it's place. mainly sunny skies are expected with some residual humidity but not enough for rain chances within the city. high temperatures will shoot back up to normal values; ranging between 99 and 105 degrees valley wide. new this morning.. the son of mayor pro the son of mayor pro appearance in court..... shane ross faces 3 counts of robbery w/ a deadly weapon and 3 counts of burglary while in possession of a gun... the suspect told police he needed money to pay for

renzi's 41 years old, very much hours after the earthquake.e went up to see the affected site and he said the government would respond very. referendum a major in the automatic some people who want to judge him how he response to a leader, before they cast a vote. anna: kevin costello our and are joining us from italy. the latest on a devastating earthquake. we will update you through the program. here are some highlights on the economic front on the day ahead. at 9:00 u.k. time, we get the iphone survey out of germany. and it is u.s. initial jobless claims. and the data also do. is scheduled to give evidence and statements in san francisco related to the emissions scandal. and dominoes is planning the world's first commercial drone pizza delivery. but does a slice from above come with competitions? more on that. it can ben japan, more than just pizza falling from the sky. as helicopter money really the answer? and the south african finance minister says he will not obey a police order for questioning. all of that still ahead on bloomberg. ♪ w

meanwhile, the italian premier "matteo - renzi"... has authorized 'millions of dollars' in emergency funding... and ordered the 'cancellation of taxes' -- for the towns 'wrecked' by the earthquake. at least '250 people' have been killed.... and there are 'hundreds we'll keep 'tracking' this story 'overnight' -- here in the 'breaking news center'. look for updates 'tomorrow morning' -- here on eyewitness news. italians here in the triangle -- are working to raise money for those impacted by that devastating earthquake. dejuanhoggard joins us from the raleigh eyewitness news center with more on how you can help. dejuan? tisha, the group is called the triangle sons of italy. there are 90 members in the chapter... focused on maintaining italian culture. and after the devastating quake, the group wasted no time in helping "nicholas verna is a board member with the triangle sons of italy... a local chapter of the order sons of italy in america. billed as largest organization for men and women of italian heritage. the triangle chapter is wor

prime minister matteo renzi has canceled a planned meeting with french president francois hollande inchina's central bank has injected cash into the financial system using repurchase agreements for the first time since february. this comes amid speculation policymakers are looking to cool a bond rally. a record rally in chinese sovereign debt has prompted traders to increase leverage to amplify returns. oil has resumed its drop after industry data showed u.s. stockpiles rose, keeping inventories at the highest seasonal levels in years. this followed a jump in prices on speculation iran may support an opec freeze of output. there are reports that tehran has sent positive signals about supporting joint action. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. francine: we stand on the brink of a technological revolution that will alter the way we live. those are the opening words of a report by the world economic forum. will technology finally provide the boost to productivity that the global economy has been des

((dave courvoisier)) >> italian premier matteo renzi says he will head to the earthquake zone later today./// ((christianne klein)) >>> the family of a murdered teenager comes face to face with the accused killer. opening statements in the trial against michael solid got underway today. he is accused of running over 15 year old marcos arenas while his friend was attempting to steal the teenager's ipad. 8 news now reporter karen castro is live outside the regional ((karen castro)) >> witness testimony is still going on inside the courtroom at this hour. during opening statements this morning, the prosecutor told jurors michael solid is a murderer but his defense attorney says it was an accident. the family of the victim, 15 year old marcos arena, packed the courtroom today. many of them cried as the prosecutor showed a graphic picture of the victim's body. and said there was overwhelming evidence including surveillance video, witnesses, and dna, to prove solid hit arenas with a white suv while the defendant's friend struggled with the victim over an ipad. however, the defense says, accordi

german chancellor angela merkel, france holland and matteo renzi promised to increase joint europeaneffos

german chancellor angela merkel, france holland and matteo renzi promised to increase joint european security efforts in the wake of terror attacks. apreme leaders spoke aboard aircraft carrier. crumpton, this is bloomberg. bloomberg west does next. -- is next. ♪ >> this is bloomberg west. coming up to my tech takes charge. why the sector is exerting more control in u.s. markets than at any other time since the.com bubble. this is going e-commerce start up behind the great wall. toy cut a deal with alibaba give amazon a run for their money. and china's big plans for the advertising aid. latest to bes the snapped up by chinese investors. the ceo joins us later this hour. first, to the lead. tech stocks exerting more control over u.s. markets than in any other time since the internet bubble. the largest tech stocks, we're talking microsoft, alphabet, this split, amazon, seeing massive multiyear rallies. that is closest to its widest ever. we have more. break it down with me. exit is getting to be about 21%. when you look at the magnitude in terms of how much the percentage changes, it

at the same time a lot of european leaders, mateo renzi and his counter parts in italy are pushing the. prime minister to push forward the brexit agreement pointing out the longer it takes to generate a frame work and undermine your efforts to push forward with reform but as we know break ups are hard to do. >> yes, thank you. >> up next, target pointing a finger at apple for weak sales in the second quarter. the stock is falling more than 6%. we'll tell you what's behind that apple finger pointing in just a molt. hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade >>> good morning. i'm sue herrera. here's your news update at this hour. officials now say more than 40,000 homes have been damaged and 11 people killed in some of the worst flooding in louisiana history. 30,000 people have be

have been doing everything they can to reach these affected areas, the italian prime minister, matteo renzi, called a state of emergency almost immediately which allows everybody to get into place. the army has been sent out too as well because they've got the kind of heavy equipment that's going to be needed to get into these areas. one of the concerns is just access at this point. these towns are all 200 or 300-year-old villages. even though this is a seismic area, you know, these buildings weren't built for any sort of movement like we saw overnight. we've heard as many as 14 dead but there really are concerned that number's going to go higher. the mayor of amatrice, the town -- it goes to the epicenter, a town of 2,000 people says half his town is gone and we've seen report after report on italian media and then social networking of people describing how they're digging through the rubble trying to find survivors, stories of three generations of families there spending their summer holidays together there. this is a very popular part of italy where people come from all over europe and t

the prime minister matteo renzi touring the damaged cities this afternoon and thanking those first responders for the dedication. italian authorities belief that more than 1,000 have already been displaced. dianne gallagher reporting. michelle: at this hour we have not receive word of anyone from our area injured or killed in the earthquake. catholic university which has students studying in italy says all of its members are safe and accounted for. the devastation of the earthquake is thousands of miles away but the effects are felt here in our area. ahead at 5:30 our q mccray speaks with italy's ambassador to the united states about how they are responding to the crisis. leon: all right. staying overseas for the moment now. this is developing at this hour. security guard is dead and 18 ot attack on the american university in afghanistan in kabul. there are conflicting accounts about what happened there. we do know the attack began with an explosion around 7:00 local time which happened to be as the students there were eating dinner. students and staff most of them from foreign countries barr

a couple of hours ago italy's high court gave the green light to matteo renzi.f he loses the vote it would open italy and europe up to further political instability. >> switching to currencies, according to reports reaching new highs ahead of the bank of england meeting last week suggesting that shorting the pound has opinion a winning trade for hedge funds as it continues to weaken here at 1:30. that's seen as a key technical level. bond traders are are betting on further stimulus from the bank of england that pushed them even lower. the differential between the u. s. ten year and u.k. ten year note reached a 16 year hawaii lighting the divergence in monetary policy as the fed looks to tighten rates after the u.s. jobs report and the boe looks for further stimulus and easing measures to offset the brexit weakness. >> thank you. coming up, apple's moment of truth. that's the headline of the latest issue. the man that wrote it is going to join us. when we come right back. >> donald trump will deliver his economic vision for the country in detroit. he will call fo

. >> and we know that prime minster matteo renzi will be meeting with the cabinet today about what efforts should be put in place. a lot of discussions going forward how to secure it will buildings. >>> bringing the focus back to the trading picture here in europe, just over an hour into the session. this is the picture across the stock europe 600. seeing quite a bit of red there. that is breaking a three-day winning streak we saw in europe. again in u.s. session overnight particular weakness in bio care health stocks. regarding the epipen and price gouging warnings that really we'll get into that. overall the trading story here, we are off just habit 1%. some individual stock movers in focus, particularly when you look at glen core. is german market also lower by 1%. the french cac trading with a similar raeng and the swiss as well as in the red by 1%. investors have been counting down to janet yellen. you have to wonder what exactly she can say to move markets one direction or the other. there you have it, sectors: basic resources off. health care continuing a trend with stocks off 2%. a

note for you, be sure to watch julia's exclusive interview with the italian prime minister matteo renziomorrow. >> when we come back, silicon valley meets capitol hill. why tim cook is backing hillary clinton for president and even hosting a fund-raising event for the former secretary of state. record highs for the s&p. dow is up 34 in a hurry. more in a minute. >> the family of the service member that died fighting for the u.s. demand apologies from donald trump. they were on the "today" show this morning. >> this candidate amazes me. his ignorance. he can get up and the entire nation, the communities, the minorities, the judges. >> afghan authorities say an overnight attack on a house for foreign contractors killed one and wounded four others. a huge crater as you can see there at the scene of the explosion and a highly damaged compound wall inspected earlier this morning. syria reporting heavy fighting at a palestinian refugee camp on a key road into aleppo. government forces repelled an attack by opposition fighters and luke akins jumped into the history books yesterdayment i couldn

matteo renzi, italian prime minister we are going to work because in the next few hours we must continue to bring people alive from beneath were sleeping. voice of michael gilroy, witness it woke us up. it felt like the bed was on rollers. at that point we knew you know and just tried to get out of the building as fast as we can.wednesday's earthquake, not the first in recent history for italy, striking near the site of the massive 2009 quake that killed more than 300 people. as today's death toll climbs, rescue crews scramble, searching for signs of life. knowing every hour counts when it comes to saving survivors. mah-tay-oh renzee , touring the damaged cities this afternoon and thanking those first responders for their dedication. the last major earthquake in the country took place in the city of l'aquila la-quilla in two thousand nine.more than three hundred people losing their lives in the quake. back to you. one local man is watching everything that's in italy especially close... his family is there,... and since the quake... there's been no word from his cousins. krystle kacner jo

he also sat down with italian prime minister matteo renzi before hosting an hour-long q&a that wrappedago. mixes business with pleasure. >> yeah. hard to get through security. probably found a way. maybe a private jet. i don't know. >> interesting. mike what are you watching going into the afternoon in the market janchts quiet rally. see if it sticks with oil down. >> all right. with that we it over to the "halftime report." >>> guys, thanks. welcome to the "halftime report." i'm scott wapner. top trade this hour, the rebound rally. stocks moving higher just days after the fed signaled higher interest rates could soon be on the way. so are today's gains a buy signal for investors? with us for the hour, joe terranova, sarat sethi, jon and pete najarian and, oh, yeah that guy. jim cramer, host of "mad money." so glad yew with us. >> and that you are back. >> the market to me,

. >> prime minster renzi would never forgive me if i didn't mention the point he said actually italian banks are dragging it down. we need to look elsewhere and look at the derivative positions and some of the skeletons in closets that haven't been found. >> he's right, but the problem is from a sentiment perspective. he has a point. italy has been treated much more harshly than other countries like germany. >> great to chat with you. portfolio manager and partners. ing group has posted a 27% jump in second quarter underlying profit, but warns maintaining groelt weight will be challenging. speaking to cnbc earlier the dutch bank also highlighted the dangers of low rates. >> low rates is not stimulating demand and could well become counter-productive and the p signs of that emerging as a counter-productive measure are growing. >> will come in below expectations on the back of rising claims. the insurer received a boost from real estate sales, but was hit by naturaldy sast terse including floods and storms in belgium and germany. >> coming up on the show, deeper and deeper as group rises

italian prime minister may tao renzi is encouraging italians to remain hopeful.opeful.re not going to leave anyingo family alone from any district.c we're going to work because in the next few hours we must m continue to bring people alive from be 19 the rubble hope to that territory. we'll of course stay on top ofno this story and bring you the y latest throughout the morning. back to you up in the studio.o >> few more details aboutls abot another major earthquake that tt just happened 6.8 quake in me aa march this win the hour.heou you're looking at the earthquaku locator map which you can findph at the us geological survey sur website. u.s. gs.gov this quake was feltf hundreds of miles away in banban cock, thailand watch we don'te know yet the amount of damage oe injuries to come out this wake.w we'll continue to follow that t situation already three afteree shocks have been felt overnightn in italy.in ily of course, we'll keep up top up speed on that deadly quake inqui europe as well. >>> other top stories checkingoe this morning one man dead load o local until burt