here is taylor riggs. reporter: in venezuela, all foreign workers have been pulled from the country in a political crisis. chevron and total have removed a small number of employees. it does not comment on security or personnel issues, while total did not immediately return an email. a south korean prosecutor demand that jay y. lee spent 12 years in prison. the recommendation by the special prosecutor marks the harshest criminal sentence ever thought against a major conglomerate leader. lee has consistently denied all charges. google has fired an employee who wrote an internal memo blasting the diversity policies. the engineer who wrote the no confirmed his dismissal, sankey had been fired for "perpetuating gender stereotypes." he haddismissal, saying been fired for "perpetuating gender stereotypes." they did not say if action was being taken against the employee. at 10:30 on "bloomberg technology," sheryl sandberg joins emily chang for an exclusive interview to discuss company culture, leadership and the s

with the first word news, here is taylor riggs. sel robert mueller is using a grand jury to collective remission in the rush investigation. that is according to people familiar with the matter. he is looking into russia's meddling in the presidential election and possible collusion by trump campaign associates. is trump administration unified in asking congress for an increase. the small notsays ask for spending cuts. congress needs to raise the debt ceiling by the end of next month. in australia, police say they stopped when of the most sophisticated terrorist plots the country has faced. two men are accused of trying to smuggle a human -- a homemade bomb on a point. the suspects took a bomb apart and try to turn it into a device to disperse chemicals. in dubai, a fire in a residential building has been put out. 50 stories.many as there were no injuries. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. tom: thank you so much. how about d

here is taylor riggs. trump is warning north korea it will phase fire and fury if it keeps threatening the u.s. he ratcheted rhetoric when unprecedented level. it iskorea says considering a missile attack on the military base in guam in response to a new sanctions. and the trump campaign has begun turning over thousands of documents to a senate committee. donald trump jr. and former campaign manager paul manafort have provided documents. the senate judiciary committee may hold public meetings next month. america is holding a stand against the constitutional amendment in venezuela. 11 leaders have called out president maduro. what do wrote said the -- maduro said they will establish h fruit committee. -- establish a truth committee. the five-year general obligation index is -- the state is benefiting from silicon valley's boom. in france, six soldiers deployed in anti-terrorism operation were injured when a car rammed into them. the mayor called it a deliberate act. police are searching for the car and drive

here is taylor riggs. has reverted back to his original position on the violence in virginia. at a news conference, the president said a blame on both sidess and blamed what he called a very violent liberal protesters who confronted white supremacist. out talking points asking republican lawmakers to defend the president's remarks. in alabama, there will be a runoff in the u.s. senate race. luther strange was backed by president trump will face former alabama supreme court justice way more. -- roy moore. the uk's says a physical border with ireland after brexit is completely unacceptable. the brexit department said negotiations need to show flexibility and imagination when it comes to the border between northern ireland and the republic of ireland. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries, i am taylor riggs. this is bloomberg. guy? tom? tom: thank you. a turn to the market. the korean recovery is a little off. euro 117. equities to the vix doi

first word news, here is taylor riggs. tillerson said pressure is the best way to deal with north korea. to findn told reporters an excuse to invade north korea. lindsey graham said there is a military option at that could destroy north korea. white house senior economic forefront tonew replace janet yellen. rolewould take over the from yellen. administration may strike a peculiar deal. according to persons familiar, the airport is in talks to buy 727's, boeing has had the planes in storage since 2015. in germany, the auto industry has made a last-ditch effort for diesel technology. to draw a line under the emissions scandal and convince officials that diesel has official -- has a future. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries, i am taylor riggs. this is bloomberg. francine: thank you so much. litigation issues have weighed on france's third-largest bank and saw a drop of profits. more also discouraging news from commerzbank as it reports is weakest quarter

here is taylor riggs. rsh retaliation over the new united nations sanctions. kim jong-un's regime threatens to launch what it called "thousandfold revenge attacks against the united states." north korea says they will not enter negotiations until the u.s. ends what they call "hostile policies." president maduro is claiming victory after what he called a terrorist attack. as a terrorist attack. of the military says the attackers confessed they were working with opposition backed by foreign government. in the u.k., prime minister theresa may's office is dips -- dismissing a report the company will pay 47 million dollars to leave the e.u.. a government official called the -- called it speculation. francine, as you were mentioning in the open, the chief of staff is trying to put an end to chaos at the white house. john kelly blocked casual walk-ins to the openoffice and warned against leaks -- to the oval office and warned against leaks. global news 24 hours a day, powered by more 2700 journalists and analysts

here's taylor riggs. taylor: tensions are rising in kenya, where the opposition alliance is demanding it be declared the winner of tuesday's election. former prime minister won more than 8 million ballots in the vote, compared with 7.7 5 million for the president. the claim further escalates a potentially violent political crisis. venezuelan leader nicolas maduro says he wants a meeting with donald trump. it comes less than two weeks after he verbally attacked the president. madero's address to the constitutional assembly comes as america lays sanctions on his socialist administration. >> initiate negotiations so that i have a personal conversation with donald trump. initiate negotiations to have a telephone conversation with donald trump. if i travel to new york in three or four weeks for the united nations to have a meeting with donald trump, here i am. here's the chief of your interest. nicolas maduro, constitutional president of venezuela. taylor: google has canceled a meeting to address gender issues

here is taylor riggs. s. has taken an unusual move. trump sanctioned the venezuelan president, accusing him and his government of undermining democracy after a vote to rewrite the country's constitution. meanwhile, the wife of a venezuelan opposition leader says he has been taken from his home. the white house is looking for a new communications director. anthony scaramucci was ousted 10 days after he joined the staff. it is said to be an agreement between him and new chief of staff john kelly. street regulators have begun to rewrite the volcker rule, according to people familiar with the matter. five agencies are looking to loosen restrictions. changes would probably give big banks more flexibility. moving over to the u.k., the chancellor of exchequer says brexit will not be postponed or delayed. in brazil, philip hammond said the u.k. will leave the du -- will leave the e.u. says debate is about adjusting, not staying longer in the bloc. global news 24 hours a day, powered by more than 2700 journalists an

i am taylor riggs.airman became the first gop senator to directly question president trump's competence. he told reporters the present has not been able to demonstrate stability for competency needs to be successful. we need him to be successful. joining us is kevin cirilli. that is some pretty damning words. what i am surprised by is the president has not responded on twitter. is the most damning words we've heard from a republican lawmaker. this is not attacking his ideology, but his confidence. that's a major development coming from one of the most high profile republican lawmakers. senator bob corker was room at one point to be on the shortlist for vice president. he is the chairman of the senate foreign relations committee. all of this is very much intertwined with how the president carries out his global geopolitical agenda. this comes in several prominent republicans including john mccain, mitt romney of all lambasted the president over what they see is putting it mildly a completely tone deaf, u

day.l news 24 hours per i'm taylor riggs, this is bloomberg. tom: thanks so much, taylor.it with a risk on feel today. some really wants is within the market. dow futures lifting. dollar strength this morning. on to the next screen. the vix really comes in. up to 17, down to 13. substantial. two basisield by points. the color is wrong. that should be green with two basis points up. yen-yuan, that is my litmus paper for korea. that shows stronger south korean yuan versus the japanese yen. bonds are down across europe, declining with treasuries across europe. the dollar extending a lot of their advances. i want to talk oil later. tom: retail sales in the united states, an important picture. here is where it used to be. this is for 40 years the consumption of the united states of america. you get the gloom of the double the 1980's, the gloom of the 1990's. fine. then we got really gloomy. consumption dropped like a rock. this is from 2007 as we look back over 10 years and you can see consumption is down. that is the bad news. the good news is that we have seen a reinvigoratin

joining us with maurice taylor riggs. : a lot of competition -- joining us with more is taylor riggs. taylor: a lot of competition. net income falls. on the one-year basis, the stock certainly is struggling. relativelook at hertz zo its peers, you see thathert is underperforming, going back five years normalized. i think something analysts are looking at is the short interest. and shows a directional bet that investors are making on the stock. you have revenue is expected to drop 2% year over year. vonnie: we had a little signal from avis which is down 20% but hurts is down 70. avis had the rental price per day that rose 1% in july, better than almost 4% drop then -- than they had in the quarter ending in june. look here, it is going to be a long climb back for hertz. you see estimates here just keep falling. one thing they can do like avis has done is look to see if they can get that rental price per day back up. consumers are shifting to suv's. if they modernize that fleet, that is one strategy they could look at. vonnie

joining us with more is taylor riggs. taylor: the ninth worst performer in the s&p 100.ows how awesome it is. map of thea hurricane. almost $30 billion in damages. two thirds of that will not be paid out. that is due to flooding, backed by the u.s. government. but the remainder could hurt travelers and its peers due mainly to wind and storm surge. want you to hear about travelers. they have had quite years as far as losses paid relative to their premiums. that will help you. they have been anywhere from the 2% range to the 3% range in terms of losses paid out as a percent of premium. helping them boost a little bit of their capital buffer as they come into this. this is a cool terminal i want showingyou, catastrophic losses they have had relative to other competitors like aig and allstate. travelers here in yellow. aig down in white. allstate up in blue. relatively stable here. except for a few spikes over the last few years. i will look at morgan stanley put out a note, when you look at the stock price. ,ypically, it sells off relative to losses you need to pay out. the

i am taylor riggs.nk you so much. a quick data check before we get to kevin cirilli this morning. equities, bonds, currencies, commodities, oil is lower on west texas intermediate. now 12.02.000 , 1.1010. metals have a life of their own this point. francine: they do, especially think -- zinc. you are also falling against its peers. european shares drifted lower gold good -- lower gold. right now we go to washington and our chief washington curis fondant, -- correspondent, kevin cirilli. he is glued to his phone with the sources on the hill and at the white house. esther bannon came -- mr. bannon came front and center 4:00 or 5:00 p.m. last night. i thought he and the president were on the same page. why are there discussions that mr. pan -- mr. bannon heads out the door? kevin: giving it -- mr. bannon giving an interview to a left-leaning publication last night and it was made public. this is eerily reminiscent of the interview anthony scaramucci gave to the new yorker although there are no curse words

taylor riggs is here with more. taylor: overall it's upbeat.f you look at the stock, it rose initially. as analysts start to dig in a little deeper on the call and listen to the analyst commentary, that is when they dug into some signs of concerns. the top line came in to be two point $3 billion in revenue, beating expectations . earnings per share came in to beat. on the long-term chart now, it dipped a little below that 50 day moving average after there were some concerns about growth, particularly in the auto sector. and the data center. here in orange you see the datacenter growth. that's look here for the second quarter. then you have the automotive's slipping just a little bit for the fourth quarter. vonnie: do investors want to much? nvidia has beaten eight out of the last eight quarters. taylor: some people say that expectations are really high and the overall they are good. there are two analyst that are still pretty positive on the stock. it's ok anding that they will pull through. overall share of revenue is still pretty good. just t

isning us now with more taylor riggs. ora is a purveyor of all kinds of jewelry at affordable prices. what went wrong? taylor: shares had their biggest drop since april and the ceo highlighted the u.s. retail market as the problem child. if you go back a year on the price target, you will see it separate a lot in 2017 after what was generally a couple good -- generally a good couple of years. the u.s. is one of the biggest markets measured by sales. traffic.line in mall he highlights this broad-based recovery is not translating into higher sales from the consumer. i also wanted to look at pandora compared to the dutch benchmark equity index it is compared to an you can see that pandora has suffered a lot compared to some of its peers. income fell, also missing estimates. chief executive points to a structural chunk to -- challenge in the united states. is the united states overmalled? taylor: yes. says in report and it the u.s., there are 48 square foot of retail per person. if you want to take my terminal, you will see th

our first word news with taylor riggs. taylor: harvey continues to take a toll.firmed a explosion at the texas plant and says the threat of additional explosions remains and the best course of action is to let the fire burn itself out. meanwhile, the floodwaters are starting to recede in the houston area and now firefighters will begin a block by block search looking for more victims of tropical storm harvey. at least 31 deaths are blamed on the storm. president trump putting pressure on congress, this time on overhauling the tax code. the president kicked off his campaign in springfield, missouri and says he doesn't want to be disappointed by congress. the administration doesn't have the tax plan but is counting on congress to write one. consumer prices increased at an annual rate of 1.5% in august. next week the u.s. central bank policymakers will debate the future of their stimulus programs. the e.c.b. has been pushing for significantly faster inflation nd rising wages. in france macron lays out his plan. he wants to make it easier to negotiate working conditi

i am taylor riggs.. tom: thank you so much. we are very fortunate at inomberg view to have people the trenches of discourse and dialogue on whatever the topic may be. commenting yesterday on the cacophony of washington but it's wonderful to go to berlin. been absolutely must read on the oddities and dialogue and the discourse of moscow and washington. have you ever seen it like this? have you ever seen the delicacies back-and-forth between trump and putin? >> actually, there is nothing we have not seen before here. this is certainly not the first round of u.s. sanctions on russia. the mostrobably domestically important one for the u.s., but certainly not the most painful one for russia. tom cole and the fear is the russians and mr. putin will react. react putin -- will the day by day or is there a more strategic putin to what mr. trump speaking of when he speaks of sanctions? certainly -- is certain that is certainly, right now, when it comes to western sanctions his actions are strategic because he kno

let's get to first word news with taylor riggs. f a missile over japan was a over guam.prelude he is urging his military to conduct more missile launches over the pacific ocean. rain is coming to an end in houston, but problems are not. less than an inch is forecast for today, but led waters are still rising in texas. at least 18 people have died and 13,000 have been rescued. a second landfall near the border of texas and louisiana. it is a victory for the case involving former alaska governor sarah palin. he said she failed to show that it wasspaper to publishing false statements. theresa may is headed to japan with a single goal. she wants to convince japanese leaders to use the trade deal as grounds for a future agreement with the u.k.. the u.k. is breaking away from the block. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm taylor riggs. this is bloomberg. francine: thank you. after weeks of courting france macron'srful unions, rating drops. joining us now is san lui

here's taylor riggs. taylor: it is being called a tragedy of epic proportions.er with record amounts of rain. some areas may get 50 inches before it is over. floodwaters continue to rise in houston. authorities had told residents it was safer to stay in place. now thousands are asking to be rescued. harvey has crippled the core of the u.s. energy industry. more than 10% of the country's refining capacity. of houston area produces 40% u.s. gasoline supplies. the texas governor says oil companies were ready for the storm and will restart production once floodwaters received. harvey has turned into an economic disaster for texas. damages are likely to rise to the tens of billions of dollars. says less thann 1/6 of the homes in the houston area have flood coverage. that would leave more than one million homes in the area unprotected. the federal emergency management agency expects to be in the houston area for years. fema has about 5000 federal employees on-site in texas and louisiana. there is pressure on congress to act quickly. the disaster relief budget is likel

right now, here is taylor riggs. taylor: we are starting with geopolitics.out with a detailed plan for firing missiles at guam. --y would be carried out tests would be carried out in the middle of this month and missiles could land as far as death close as miles from the u.s. territory. counsel robert mueller left millions in speaking fees to investigate the trump campaign. over in the u.k., a slump in london housing prices spread to neighboring areas last month. according to the royal institution of chartered surveyors, the prices of england southeast had the worst performance since 2011. the former google engineer his controversial memo on gender differences in diversity led to his firing is speaking out. he gave an exclusive interview to bloomberg tv. >> the point of my memo was actually to improve google and google's culture. they just punish me and shamed me for doing it. taylor: google denied his claims that some employees who expressed support for him have been contacted by the human resources department at google. i'm taylor riggs. this is bloomberg.

to our bloomberg first word news, here's taylor riggs. taylor: we are starting with north korea.o north korea's latest provocation. they fired a ballistic missile of a japan before landing in the pacific ocean. annzo abe called it unprecedented, great, and serious threat. president trump agreed to increase pressure on north korea. bracing for a follow-up from the most expensive natural disaster in the u.s. sinc in five years. houston has been inundated by flood waters from hurricane harvey. some estimate that damage could reach $100 billion. the state oil industry is reeling from impacts of shutdowns and refinery production. harvey may make landfall again on the texas-louisiana border. president trump discussed building a tower in moscow according to a lawyer talking to the house committee. he talked to vladimir putin to ask you for help on the project . president trump said as a candidate that he had nothing to do with russia. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 127 countries. this is bloomberg. tom: they have been this mid

here's taylor riggs.resident is threatening a government shutdown is needed to get congress to pay for a border wall with mexico. the president spoke at a rally in phoenix, promising to pass some form of a spending bill by september 30. he wants $1.6 billion to begin building the wall. the u.s. navy as responded to a series of accidents by firing the admiral in charge of the japan-based seventh fleet. they relieved the vice admiral, saying they had lost confidence in his ability to command. this happened days after the uss john mccain was involved in a fatal collision. there have been four accidents under his comamnd, two of which have been fatal. research shows that quantitative easing and forward guidance have been a success. mario draghi spoke in germany. >> forward guidance has gutted expectations of future short-term rates. qe involved direct intervention by central-banks through large-scale asset privileges to influence the yield curve. reporter: he gave no clues as to when he might end monetary sti

let's cross over to taylor riggs.ys all options are on the table when it comes to north korea. the white house issued a statement today after a missile flew over japan and landed in the pacific. the president said north korea has signaled contempt for the united nations and is increasing its isolation. in the u.s., tropical storm harvey is not letting up on houston, the fourth-largest city in the u.s. being inundated by floodwaters. more rain is in the forecast. harvey is out in the gulf of mexico and is set to cross the short tomorrow on the texas-louisiana order. offshore oil and gas production has been hobbled. buildingump discussed a hotel in moscow three times during the presidential campaign with his lawyer. at one point, the lawyer you know the press secretary for the russian president vladimir putin for help on the project. president trump said as a candidate he had nothing to do with russia. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor

joining us is taylor riggs. taylor, what is going on and dixons car phone?r: thank you for not stealing my thunder with your closing bell data check. like you said, three years of unblemished growth and today's unexpected drop in their forecast for earnings, down 1.30 6%, the lowest since 2012 on the long-term chart. structurally weak upgrade cycle for mobile phones will stop we're waiting for the iphone 8 perhaps. people have not been upgrading their phones. putting pressure on their forecast. we are also starting to see a big discount here when you look at it on the forward pe basis relative to its competitors. the share price drop reflects that. even though it is cheap valuation, investors may not trust the comedy to be buying just yet. i've heard concerns about quality when management knew about some of these concerns with our issuing earnings back in june. they did not mention it until today. investors get frustrated when they say, why didn't management bring this up within you about it? they must have known a few months ago there were construct -- stru

i'm taylor riggs. this is bloomberg.. treasury secretary steven mnuchin speaking alongside senate majority leader mitch mcconnell, talking about u.s. economic policy. the staunchest defenders of the president as he rejected pleas from his former classmates at yale to resign from the administration. what kind of stability does mnuchin land to the economic policy agenda? bloomberg's national political reporter has been covering this story and is with us from washington. the relief over gary cohn .taying do you think there is a belief out there that without both of these two men, the administration has euro probability of executing anything like economic reform? >> these are two men that the markets are looking at, figures that can deliver something. the promises president trump has made it and try to make something of them. the president's behavior the last few weeks, his conduct on a variety of issues. it may be more wishful thinking. these things that the president .ants, first, let our viewers listen to what steve mnuch

but as analysts see the company extending -- expanding its cloud dominance, joining us more is taylor riggs many downsides, there were concerns about the third quarter billings. analyst say the third quarter billings forecast have a lot of seasonality components to them. don't worry so much about that. topline revenue growth was strong and that is what matters. some other things on the mixed shows concerns analysts have about the company's growth versus profitability. i want to bring in the operating margins because that will show some of the concerns. the company had hoped to achieve operating margins in the third of 30%. by more than grown 200 basis points, annually since 2010. the stock is up today because of the cloud dominance like you mentioned. it is the biggest sector. 92% of the sales force comes from the service and subscription service. the cloud makes up 36%, their largest product. acceleration was the key growing 17%. asy have been a disruptor they continue to grow into ai. vonnie: what about the competitors? across mygot a note desk saying it is one of their favorite buy perio

let's get to the bloomberg first word news with taylor riggs. an sailors missing after their destroyer collided with an oil tanker near singapore. five other americans were injured in the crash involving the uss john s mccain. docked in singapore with what is called significant damage to its hull. american sailors were killed in june between -- in a collision between a cargo ship off the coast of japan. a warning from moon jae-in as his country begins the latest round of wargames with the u.s. north korea should not use the drills as an excuse for any further -- the first round of talks on a new north american free trade agreement has ended. the u.s., canada, and mexico also they are committed to wrapping up negotiations quickly. president trump blames nafta for hurting manufacturing and sending factory jobs to mexico. adviseruse economic gary cohn has emerged as a front runner to replace janet yellen. say he willmists get the nomination. only 17% say president trump will ask yellen to stay on for a second term. global news 24 hours a day, powere

joining us with more is taylor riggs. tender gold? : they call a premier swipe serve -- premium swipe service. unlimited likes and you can look at and a member only service and see who likes you before you swipe. they key is monetizing a. match owns tinder. that is why shares are up to the acords going back to maximum going back and it is really high. monetizing growth is a key thing for investors. when we look at the revenue growth, you saw it jumped 12% paidhe quarter by strong member counts. that was driven by tinder and plenty of fish. tinder is what we will focus on. it exceeded over 2 million adding 224,000 users. vonnie: and interactive is a largest shareholder. taylor: that you see that stock rise on this news. vonnie: who pays for this tinder golden how much is it per month? taylor: you can see with a match.com, which you know match owns tinder. older to.com, maybe an demographic. 32% millennials, not too bad. return toeing a match growth which is great news for the company and we said tinder had been feeling a lot of it. matc

running us with more is taylor riggs -- joining us with more is taylor riggs. >> with the brand, theytegrating pdf run up they got from procter & gamble, catapulting them to about $9 billion in sales, the number three player versus the number eight player now. the share price over the last , and they have struggled particularly because they're working on the integration and making sure they can get it done. and overall weakness in the cosmetic sector which is weighing down on the shares a little bit. i wanted to look at coty compared to its competitors like l'oreal, estee lauder, the number two players in the cosmetics industry. they have underperformed a little bit. analysts cautioned me, do not panic, this type of integration takes quarters to play out so give them time. armed for future growth after some of these big acquisitions. hold on to them a little bit. segments by revenue, their ceo mention the beauty segment. consumer beauty makes up half of their revenue which dropped 10%, the ceo today saying that the consumer beauty division remains under pressure, it's recovery is a ke

we are joined by taylor riggs with more, 66% intraday. that into perspective for you. it is the biggest percent change since 1989. if you look at the longer-term since it is at its lowest november 1996. huge moves today. a few things going on, the u.k. financial conduct authority is investigating the credit unit and projecting a loss. one of the things that has been concerning investors is the ceo departure is the tip of the iceberg. not say the shares are investable until there is greater clarity on what is going on, calling these a quadruple whammy. i want to look because they revised lower the times. today, they had estimated a game of most 16 million pounds, now forecasting a loss between 80anywhere to 120 pounds. vonnie: how is the stock cheaper relative to competitors? taylor: i pulled up barclays for you, g #btv 2043, and we heard from analysts that say it is not investable and we need greater clarity. you can see it is bringing it down really cheap compared to competitors. i highlight competitors because of the inquiry into the cre

joining us with more is taylor riggs. gaga is upping sales. imagine shares are turning, with a total comparable sales quarter down 1% and that was wortse than estimates. the america and japan region are a bright spot. the america region was up more than expected, only down 1%. in japan, up 9%. well more than estimates. topline and bottom-line revenue beats. you mentioned lady gaga. we can talk about that. it appears to be working. i remember watching the super bowl and seeing her in that first ad. they were trying to get her to appeal to younger shoppers. vonnie: it ended up not having a punchline. taylor: she is coming out with a new hardware line, more younger, hip makers. that does appear to be working. i mentioned the americas and japan region. i want to look at sales by region. they had a lot of headwinds facing them that they are putting off for now. in the americas, 46% of sales. you need to be a key focus for them. they were worried about the strong dollar. ever since the trump election the dollar has been a weaker dollar story. you are

i am taylor riggs.hat update. bhp billiton is in talks with potential buyers in u.s. shale asset, including elliott management. this comes after a french energy giant announced its purchase of .arist oil and gas -- are they blaming this on elliott management? >> yes. activists,sponse to in particular elliott, who has been asking bhp billiton to forget about expansion into the oil business. bhp is not complete we getting out of the oil business. they are not invested in australia oil. the company announced it is looking for a sale of u.s. onshore or shale assets. those assets came together in a series of deals around 2011. sell it for aill fraction of that number. david: this is a company that has been caught ham-handed, especially when it comes to the jansen project in canada. how hard will it be for bhp to get out from this? whether oilepends price does in the next few months. looks for at how 2018 oil prices, it does not look particularly brilliant. we will probably be in a of oil prices above $100. b

we have taylor riggs for us today. ylor: looks like we are seeing a little bit of red on the screen. today the losses are little bit lighter than yesterday. nonetheless, that risk off feel very much continuing today. yesterday the s&p closed down 1.5%. today only down 3/10 of 1%. andnasdaq down almost 2% led primarily from earnings coming out of cisco. for tenths down of 1%, but down again a second day. at g #btv 360.al we are looking at the second time that the s&p has dropped 1% in just the last week. you can see quite a lot of the declines at the end of the chart. this is as the mix has climbed up to about 15 level yesterday. we saw it increase from 11 to 15. we are down, but still nonetheless a little bit of an elevated vix here. we are wrapping up earnings season, so i want to look at foot locker. that is a name that i'm looking at. down 23% and you had disappointing forecasts basically on every margin -- topline revenue, bottom-line earnings per share. we heard similar concerns out of dick's sporting goods and the

joining us now is taylor riggs. ree key points -- the tender offer ending talks to go private and also the news with carl icahn, talking about how he will not be able to boost his shares to more than 50% over the next two years unless you plans to buy the whole company. that he is willing to do whatever he wants. shares are up 29% year to date. it has been a good year for carl icahn, who has been the classic bull in this scenario. i want to look at the function when you look at herbalife. you can see carl icahn of course number one. he has built his ownership up to 24% of the company. you can see they're in the sixth about 26.8 million shares. you have the net short position that i will touch on later. if you want to stay my terminal, this might be tricky to do, g #btv 8119. we can look at carl icahn's position. this is versus herbalife's share price. he is been pretty steady over the last four years, holding his shares at 17 million. as the share price rebounded to where it was in 2014, he has increased his stake sl

taylor riggs is here with me now to explain. big move today. taylor: we talked about 15%.his morning, the 12% to 14% range. quite a move. you talked about concerns about the long-term revenue growth. that is something analysts were highlighting this morning.unclear about the achieving that sustainable revenue growt. if you come into my terminal that decliningee year-over-year revenue growt. $350 million in the second quarter. there was some good news though. revenue guidance from management for the rest of 2017 coming in better than expected. management really confident in second-half sales for a planned smartphone watch. vonnie: i guess it is trading in the five dollar range so it is not like a 15% move is all that much of a move. nevertheless, you don't get double-digit moves like that. taylor: still one of the biggest movers today with that big move. iere was also another chart wanted to highlight here if you come into my terminal. we are talking about margins because it is really easy to talk about topline revenue growth. you take out some of the expenses.what does tha

are check on where stocks trading with taylor riggs. taylor: kind of a risk on field today after a recent pullback. with dip on the buying there. nasdaq 100 highest since june. those are some of the tech companies i'm keeping my eyes on. we are looking at a pretty broad-based rally. you can see nine out of the 11 sectors are green, showing a broad-based rally. i want to look at some of the tech stocks and some of the big companies. not a lot of news behind that. a note this morning from experts saying president trump after his turning at night was new leaf, showing the can listen to leaders and perhaps getting some criticism, showing he could really listen in terms of when it comes to routes on the ground. also feeling that as we round out the other asset classes, we are going to look at the dollar index because we are waiting jackson hole tomorrow, a speech from mario draghi and janet yellen. that risk on yield pushing the dollar up higher, about .3%. maybe we can look at tax reform now. finally, we are looking at the 10 year yield. the

joining us with more are taylor riggs -- is taylor riggs.ioned in your intro, the earnings per and the revenue guidance working for the company, going into fiscal year 2018. 4.6% growth forecasted for the year after that. the highest growth you have seen going back a couple years. the higher sales, especially when it comes to the premium brands often translating into better profit margins for the company. they are also looking to expand more for the emerging markets. those deals also giving them a boost. and cost savings as well, that increases probability and that will aid in some more brand innovation as they look to go forward. back in may they also had backed off a takeover from .onstellation brands performance since that announcement, when they rebuffed had been down only 3%. i would still maintain that the family maintains where it is. the ceo sent out a statement laying we are fully independent, have a family control, no plans. so a big boost for the company. brown-forman from our stock for the hours. . last week, bloomberg was first

on first a check now word news with taylor riggs. newspaperspanish new reports they have arrested the attacker in the terrorist attack and a man was possibly wearing and it was a belt but there is no word if there's a connection. president trump makes a primetime speech tonight on america's longest war. the president and his advisers have been working on a revised u.s. policy in afghanistan where americans have been fighting for almost 16 years. the big question is whether he is prepared to commit more u.s. troops. speech here onhe bloomberg tv at 9:00 p.m. new york time. protection for president trump and his family has put the u.s. secret service under severe financial stress. according to usa today which reports the sheer size of the trump family and the need to secure their multiple residences has taken a toll. the agency says more than 1000 salary andlready hit overtime cap's meant to last one year and cannot afford to keep paying hundreds more. forces made significant progress today as they closed in on islamic state town near

vonnie: taylor riggs, thank you.ng now to retail and another stock where shares higher, up more than 3%, target boosting its forecast for the rest of the year after second-quarter sales topped analysts' estimates. a signed a big-box retailer is improving online sales and customer traffic. joining us is a senior analyst. he currently has a market perform rating on target, 12 month price tag of $60 per share. joe, is this a comeback story or is this a clawing on until amazon finally eats everybody up? >> they are doing what they can to compete with amazon. it's definitely coming back from where it's been. they had a very good quarter and a lot of the initiatives they've been putting in place seem to work out for them quite well. as optimism that the second half will be better, and we will continue. but to your point, amazon is that big, looming threat for all of retail right now that you have to figure out a way to do battle with them. vonnie: what is target doing that is bringing more foot traffic? >> they have really

i am taylor riggs.ou. let's do a quick check of the data on this friday morning. futures up if just barely. we had into the real deal with jackson hole for these next couple days. 1280.14check of gold at an ounce. francine: currencies are drifting before the central banks speak. conviction in the commodities. i grew up in the american south. i am a sucker for hurricane coverage. this is a function on the bloomberg. you can see the path that hurricane harvey is expected to take into the central coast of texas. you can look at the refineries in that area highlighted over. you can see the status and capacity of those. tracking that category two storm that could affect several refineries in texas. jackson hole, wyoming today. kansas city fed president and host of the event said another rate hike is feasible this year if u.s. data holds up. dallas fed president robert kaplan calls for patients. -- patience. >> i have not lost faith that inflation could get back to 2%, we have to understand cyclical forces, t

joining us is taylor riggs. taylor: the sound is stock is down near 20%.cut down to three dollars a share versus earlier estimates. that full-year same-store sales guidance for the low single digits, that is why you are seeing a big move in the stock. down to its lowest since october of 2010. it is also having some impact on its suppliers. the key thing was the inventory buildup. if you look at other carriers, they are getting hit because inventory was up 12% year-over-year. you have implications for some of the stock. nike gets almost 3% of its revenue from dix. cross gets 1.5% of its revenue from dick's. s falters, you will see some of the others falter as well. you have an analyst who is coming on at i believe 3:00 p.m. talking about how that is in a bubble. the bubble begins to pop and you are starting to see some of that play out. the ceo of lululemon come out and say it looks like the end is coming near and some of the players were not in it for the right reasons will start to get out. dick's when you look at and its competitors you see a major under

vonnie: taylor riggs, thank you for bringing all that information.hile wage numbers were slightly better than expected, the u.s. economy is still not seeing the acceleration toward so-called full employment. we are not even quite sure what that is. the employment rate is at 4.4%. bill gross joined the surveillance team this morning. he was asked whether t july's wage growth is enough to change the dialogue at the fed september meeting. bill: its .3 as opposed to point t.2. obviously that's a positive but not much. at 200-9000 was more than expected at this time in the cycle. a rather strong economic report, but i don't good moves markets much. job growth to me doesn't seem to be stimulating economic growth and consumer spending like it has been prior cycles. wages are sort of anemic. the mystery sending the participation rate wrecks havoc with that. i think what seems most important out of policy rates in the u.s. and globally our core inflation rates. you know they have declined for 3%.% in the u.s. from 1.8% until we see a list back to 2% in terms

let's check on stocks with taylor riggs. we said stocks were off a quarter of 1%.e thought the s&p was trying to climb up to a high. maybe .3%. yesterday. up 1% taking some of those gains off the table. not anything to screen about. we are looking at earnings. years.n the most in 19 at one point the learned -- world's largest advertising firm. that sector makes up a third of its revenue. markets closing down more than 11%. other earnings that we were following was lows. lowe's and home depot divergence continues. it isn't quite keeping up with where home depot has been. same-store sales came in at 4.5%. it's behind the 6.3 percent same-store sales growth we saw from home depot. some analysts are saying maybe home depot has a bigger presence in the northeast market and that's where she's -- where you are seeing more of the growth. continuing to see price divergence as the spread widens. notet got an analyst saying are cutting the shares of lowe's to a hold. downng the price target $15 to 76 share. to wrap it up we are in the middle of jackson hole awaiting comments

joining us to dive into the stock is taylor riggs. : let's take a look at five days, which shows a big spike up from last week when elon musk hinted they might do over equity. a came down from losses little bit on confirmation that they will do over equity. where have they been in terms of bond sales? come into the terminal and look borrowing frombt the company. andst $6 billion last year they will add $1.5 billion next year. they continue to issue more debt. vonnie: this might convince investors. well it convince more buyers? taylor: they have zero concerns they are going to meet production targets. investors don't seem too concerned. the market cap continues to rise. we saw last week, a little bit of convergence. i know tesla continues to take off. ae just got see fra -- cfr putting out a note. they were a little surprised by the debt bill. but overall, they will risk the great -- receive great financing. the debt market is extremely receptive to them. vonnie: thank you for that report. tesla, ourth reporter covers the carmaker and e

let's check on the bloomberg first with this afternoon with taylor riggs. taylor: catalan police confirmed the fugitive van attack suspect was a man shot killed in a small town west of barcelona. officials say he was carrying a both of explosives. it was the subject of the massive manhunt since last thursday's attack that killed 15 people and wounded more than 120. the man accused of driving his car into a crowd at white nationalists rally in charlottesville made a court appearance today. authorities say 20-year-old james alex fields, jr., appeared by video. he was denied bail but has another hearing on friday. heather heyer died in the crash, and 19 others were injured. america's top admiral has called for a wide-ranging investigation int. that is after the tanker collided with a boat near singapore. it has significant damage and is the second fatal collision involving a u.s. warship in the pacific region in two months. production for president trump and his family as to the u.s. secret service under severe financial stress. that is according to "usa today,

joining us now with more is taylor riggs. taylor: you can see we are down more than 14%.sales missed, as you mentioned. it was the worst expected sales decline in recent memory. if you want to take a look with mey terminal, bear come on the lower left-hand side of the terminal is really cool, it shows a whole different functions you can use your bloomberg, the terminal here on the lower left-hand terminal. analyst saying they continue to lose share and consumer relevance in a number of key markets. that makes it more difficult to sustain the sales growth and operating margins. andie: activist investors yet they seem to be able to fend them off. taylor: it is greatly brought that up. , mccoy,see that the ceo is going to step down. and doriancapital partner are calling for a new ceo last may. a long-term chart over the last 18 months or so, really not getting any relief from that, so to speak could i want to mention one final point. i know in the last lot, you were talking about this, and we continue to fight the battle from amazon and margins versus stress selling and gett

are check on where stocks trading with taylor riggs. sk on field today after a recent pullback. the s&p 500 down

taylor riggs, why the upgrade? >> the work on a metals that started out on a tuesday.ou'll see it really closes the gap coming up to the -- where the stock was raised. analysts have raise the consensus by 13% over the last three months. it looks like it is back in the middle of that price target. some key things they are letting are the product innovation expected to the released. heroeed to look at the new six camera that should come out october this year and another camera that could come out next year. the analyst at goldman says the product innovations are key catalyst and he has perhaps been a little bit line on that. they have done a pretty good job coming out with these new product lines this year. >> there were also concerns about gopro's liquidity. they cut jobs to help with expenses. what else are they doing? what we want to look at the revenue growth here. there were a few things. on the short-term, will help that growth should be those new product innovations that we discussed. on the long term, it is all about ease of use. with all these new products, how

and the kansasle city fed symposium.let's get a check on if and how markets are reacting with taylor riggs . taylor: higher a little bit so definitely reacting a little bit to those comments that we open higher earlier before the comments came out. it is a nice change given that yesterday was a pretty lackluster day. not a lot of movement. 1%.the up about 4/10 of s&p 500 highest of 5/10 of 1% . we just are the comments from janet yellen.waiting to hear from mario draghi later today. some of the big earners we are watching, we are wrapping up burning season here. i am looking at autodesk, the pc software and multimedia provider of tools here. big beats on that subscriptions. 132,000.ersus they also raise the fiscal year 2018 revenue forecast. they are working on transitioning to social should models from the license model and says that transition is ahead of estimates so you are seeing autodesk up more than 4%. while still looking at oil, we talked a lot about hurricane harvey and how that is impacting some of the commodity prices. for the intraday here, we have oil up about 3/10 of 1%. usa

here is taylor riggs.marseille, at least one woman was killed after a car ran into two bus stops. another person was injured and police arrested one man after a witness noted the license plate number. it is too early to call the cannott terrorism, but i be ruled out. a u.s. warship has been involved in a collision in asia. two american sailors are missing and five more injured when the uss john mccain collided with an oil tanker near single corporate search and rescue efforts are underway and the mccain now docked in singapore with what is called significant damage to its hull. back in june, seven american sailors were killed in a collision between the u.s. destroyer and a cargo ship off the coast of japan. president trump makes a primetime speech tonight on longest war. they have been working on a revised u.s. policy in afghanistan, where americans have been fighting for almost 16 years. the question is whether he is prepared to commit more u.s. troops. you can watch the speech here on bloomberg tv at 9:0