a separate move towards opening up the chinese economy and link between the shanghai and london stock exchanges is to be established by the end of this year this will allow investors in both markets to directly acquire shares in the other. such a move comes as welcome news to those who criticize china for making it difficult to access its marcus. that the world's second largest economy will have to follow through to alleviate trade tensions with the united states. now for some news in brief germany's largest lender has got a new boss and sieving is taking over as c.e.o. of torture bank. he replaces britain john cryan who arrived in twenty fifteen with the task of steering the embattled bank away from collapse. but after three consecutive years of losses the management's been shaken up sieving has spent almost three decades at the bank beginning as a trainee and working his way up the ranks. germany and france were both affected by public sector strikes this week in germany several hundred flights were canceled as airport staff walked off the job. the strike forced tens of thousands of passenger

the london stock exchange has turned to goldman sachs for the new ceo.20 year veteran david schwimer. he has big boots to fill, the former ceo lead, six will rise in the stock price and made lse the largest clearinghouse of the world. investors will learn this morning what the federal reserve's recent interest rate hikes mean for first-quarter results. jpmorgan chief, citigroup and wells fargo report earnings before the opening bell. and that's the bloomberg business flash. tom, francine. francine: italy's center-right alliance says it is ready to form a strong and lasting government. y is insisting it should indicate a premier. is marcus us garciah and antonio pascual. with the election of macron, thought there would be more integration with germany and now we are seeing france striking. it looks like we could have a very populist government. >> it is difficult to ignore that almost 50% of the vote went to populist parties. the bigger question there is twoher you have only the populist parties or a combination of the traditional party with the populist

a trading link between the shanghai stock exchange and the london stock exchange has also been announced pobc governor addressed the trade tensions said he would not devalue the yuan as a way to retaliate against tariffs. >>> chinese president xi held a number of meetings it included a bilateral talk with christine lagarde the meeting came after a pledge from the chinese president to lower tariffs on certain goods in a speech christine lagarde warned about rising risks, specifically the threat of a trade war. she singled out president trump's tariffs. >> unfair trade practices have little impact on a country's overall trade deficit with the rest of the world. that's what matters. that imbalance is driven by the fact that global -- that imbalance versus the rest of the world, that imbalance is driven by the fact that a country spends more than its income. the best way to address these macro economic imbalances, it's not to impose tariffs or raise barriers, but to use policies that affect the economy as a whole such as fiscal tools or structural reforms >>> toideutsche telekom is trad high

spark cognition is a intelligence company based in austin in almost every collaboration with london stock exchange with large hedge funds, the largest utilities in america and europe, all of these things that run through the book providing vignettes on what artificial intelligence can do. we have a good idea where these are going to not understand artificial intelligence and to not deal with the idea of a synthetic creation surpassing humanity in many ways and a synthetic creation doing for the first time things we thought only human beings could do. this adapts our ideas of soul and free will and so on. these are the discussions i attempted to balance. the practical what's happening now in the philosophical underpinnings. i'll save the conclusion for a subsequent kit question. one of the chapters are two chapters focus on where artificial intelligence is being applied to warfare. my colleague worked over many years and about two years ago we published a piece of the journ journal. from that this idea of what hyper war is the modern age came about. that's been captured as well as what we hear toda

spark cognition is a intelligence company based in austin in almost every collaboration with london stock exchange with large hedge funds, the largest utilities in america and europe, all of these things that run through the book providing vignettes on what artificial intelligence can do. we have a good idea where these are going to not understand artificial intelligence and to not deal with the idea of a synthetic creation surpassing humanity in many ways and a synthetic creation doing for the first time things we thought only human beings could do. this adapts our ideas of soul and free will and so on. these are the discussions i attempted to balance. the practical what's happening now in the philosophical underpinnings. i'll save the conclusion for a subsequent kit question. one of the chapters are two chapters focus on where artificial intelligence is being applied to warfare. my colleague worked over many years and about two years ago we published a piece of the journ journal. from that this idea of what hyper war is the modern age came about. that's been captured as well as what we hear toda

first half organic recurring revenue growth compared to the same period last year >>> the london stock exchange appointed david schwimmer as new chief executive officer he joins after 20-year career at goldman sachs where he was global head of medals, mining and investment banking >>> rolls royce says it will increase inspections of its trent 1000 engines this will lead to disruptions for customers and higher costs they previously replaced parts to the trent 1000. rolls royce said it will have to reprioritize spending plans. >>> and federated investor is buying a stake in hermes from bt pension scheme >>> south africans are paying tribute to winnie mandela, the anti-apartheid campaigner who was married to nelson mandela. she passed away earlier this month. i'm joins by the ceo of brand south africa and was a close friend of both the mandelas. kingsley, thank you very much for joining us she lead a very interesting life, winnie at times a controversial life. do you think her reputation has been rehabilitated in her death? >> well, i'm not sure about rehabilitation because i don't think there's a

could take act against it >>> and the london stocks exchange naming its new ceo, david schwimmeschwimmer>> kate rogers, thank you very much >>> the value of elon musk's spacex looks to be climbing like its rocket new valuation, 24 billion. that based on a new 5$500 millin round of financing at this level spacex now the third most valuable start-up in america after uber and airbnb. >>> 5:09, we're just getting started. up next, tpp, iea, ba, it's an alpha set soup for your money on this friday. we'll make sense of it all ahead. >> and big banks set to report citi, jpmorgan and wells all set to hit the tape in a few hours a man you know well, wilfred frost will be here to tell you the key numbers to watch the key numbers to watch a lot to do as "wex" rolls on. the kthey're handing ush a lot to dmore than maills on. they're handing us their business and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you ♪ internet providers promise business owners a lot. let'

david schwimmer is the new boss of the london stock exchange.oming a reality. but would you trust what? there was the fateful uber test. our transport correspondent victoria fritz has been to germany to test the latest developments in self—driving technology. gone are the days you have to raise your hand to hail a cab. a few years ago this was the stuff of science fiction. but the wait for a self—driving future is almost over. there we go, and we're off. now, although we have an engineer with us today, as you can see, he's not in the driving seat. this car is completely driverless. it means that me, i can sit back in the car, i can relax, i can check my e—mails. in fact, i do no driving at all. autonomous cars perceive the world through a series of sensors. cameras see road markings, radar measures distance and speed. lasor sensors called lidar provide the fine detail. all three are combined to create a real—time 3—d map of the surrounding area. the electronic, which you can see, and the software. this is the man who's driving bmw's ambitions. t

revenue jumped significantly in the last quarter, so another strong earnings report from london's stock exchange you very much, joe easton. you can find all the information on your stocks on the bloomberg. we are four minutes away from the start of trading in europe. china had a strong session overnight rid europe is more mixed. start,see a negative this is bloomberg. the open is next. ♪ guy: let's take a look at what we need to know. flat lining right now, the dollar is on a little bit of a move the last two sessions. it has certainly come down. need to thinke about surrounding what happens here in europe. the nikkei closing up. china had a really good night overnight from a european point of view, up over 2% on the expectation of liquidity from a political point of view. 75.14 andding at continues elevated. the real story is in aluminum. let's show you the fair value in europe. is a little softer. the earnings season. a lot of individual names to focus on. that show you what is going on. 8 is where the ftse is coming out of the gate. i don't pick you have to this around too much. there have be

speaking of changes at the top, the london stock exchange announcing it named long-time golden sachsid schwimmer as its ceo, set to join in august back over to you, carl. >> all right dom, thank you very much when we come back this morning, as we mentioned earlier, shares of zillow sliding. the company announcing it's getting into the business of flipping homes spencer, the ceo, will join us next take a look at major averages off the session lows, also off the session highs, crude futures i ve on geopolitics as well. wtat 67.5. more "squawk alley" in a moment. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mos

the london stock exchange group has hired david schwimmer to run force, he willd join the group in august 20 year career at goldman. he takes over one of the most high-profile jobs in london. he replaces david warren, who will retain his role as cfo. donald trump has ordered the creation of a task force to review business practices at the united states postal service. affect move that could one of the president's favor corporate targets, amazon. according to the executive order, the postal service has lost more than $65 billion over the past decade as americans transmit messages online. the task force will be led by steve mnuchin or his designee. that is your bloomberg business flash. guy: thank you, juliette. donald has directed officials to explore america rejoining the tpp trade pact which he withdrew from after taking office. about expressed optimism a deal with china on the trade front. the shift in tone boosting sentiment in the markets but the chinese trade data has confused in asia overnight. isning us from ubs in davos the ceo of k2 advisers. good morning, david. you and i spoke

the program with the london stock exchange group would be the third system to give foreigners accesso make -- to the mainland equity markets. >> with this new opened a policy, i am confident that china's financial markets will be more competitive, better regulated and also serve the real economy much better. it is a fair competition and a level playing field, so chinese companies and foreign firms can compete equally. juliette: wall street banks to face hurdles under a federal reserve proposal that would mark the most significant rehash of requirements put in place after the 2008 financial crisis. the news stressed capital buffer yesterday announced that it is meant to streamline regulatory demands on bidders. these interbank proposal would -- the central bank proposal would relax parts of its annual stress tests. global news, 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. this is bloomberg. indeed.nk you very much the possibility of airstrikes in syria and them being imminent. the market is starting to us that in. mark cranfield, what does histo

that's david schwimmer, but not the one taking over the london stock exchange >> doesn't look anythingike that folicly challenge ed senior management at goldman. something in the water >> hiring bias >> must be when you sit down for an interview no santoli, forget it >> you two, no way >> try morgan stanley, mike. you're not welcomed here yahoo! japan announcing it will buy a minority stake in bitarg the stake is reportedly worth 18 to $28 million. it comes a week after monax, a japanese brokerage firm -- are they japanese? >> yeah. >> have they always been >> yeah. >> that's an old company >> i think you're thinking of the gold company it's like -- >> all these confusing names this morning >> announcing plans to buy coincheck for $34 million. >>> bitcoin is rallying again this morning building on yesterday's gains. rising 22% in the last week. if it's rising 22% to get back to 8,000, went down to 6,000 at one point. >> it did. 5,900 in february. >> joining us now on crude, matt smith, director of commodities research at clipper data and brian kelly, ceo of bkcm and a "fast money" cont

his compensation typically ranked at or near the top companies on the london stock exchange he rakedon back in 2015 we're going to talk much more about the future of wpp and martin sorrell in the next hour. it was 70 million pounds >> only 70 million pounds. >>> let's get you caught up on a few analyst calls this morning costco upgraded to outperform from market perform at wells fargo. they pointed to the increasing same store sales, improving membership trends, and a special dividend and mcdonald's downgraded to equal weight from overweight at stephens the recent comp store sales were driven by a number of initiatives coming together at o once >>> bank of america reporting first quarter results this morning. the bank beating on both the top and bottom line. results helped by improved loan growth and bigger deposits too joining us now is jeffrey hart thanks for being here this morning. >> morning >> all right so we see the bank is trading a little bit higher on this news what did you think of the news >> they're pretty good results people are a little green today after friday is not

shire is listed on the london stock exchange. by 84%. they have problems if you don‘t fit a specific market, you‘re in trouble. we sent out our business correspondent out to look at this and put it in the context of general retail sales. who‘d moan about the weather on a day like today? retailers would — that‘s who. the thermometer may have been rising recently, but last month the beast from the east took a bite out of their sales as both shoppers and staff stayed away. debenhams shut 100 stores as its customers‘ children made their snow angels. there‘s no doubt the cold weather hit debenhams‘ sales hard, just like it hit other retailers, but debenhams‘ problems run deeper and go back further than a few snowy days in march. while retail sales overall were down by 1.2% in march, debenhams‘ were down over six months by 2.2% and its profits dropped over the same time by 84%. the department store warned injanuary it wouldn‘t make as much money as had been expected after poor christmas sales. in february it announced job cuts, and tod

trending towards concentration on the new york stock exchange as one example, the london stock exchangegreater volatility? greaterecessarily volatility, but we are seeing greater pulling of liquidity -- pooling of liquidity. we want to see better liquidity. the drive behind regulation is improving visibility, transparent. push.s the way regulators liquidity is an obvious outcome of that type of move. tom: thank you. we greatly appreciate it. what an extraordinary day yesterday. kind of remember the emotion of down, down, down. then, with mr. kudlow, the complete turnaround. >> we used to have the fed put, now we have the kudlow put. it is unusual for a person in his position, i would argue. tom: dow futures up 64. we continue this discussion. a perfect day to speak with robert, to look at the correlations among the market historicis perspective. from london, new york, stay with us. this is bloomberg. ♪ trying, central bankers ignore our political volatility. i am guy johnson -- i am tom keene. we have guy johnson. it harkens back to the warren buffett letters of another time and place.

there's a new head of the london stock exchange — david schwimmer, an investment banker from goldman the firm's biggest shareholders claiming he was forced out. and a new boss at the top of volkswagen. he's herbert diess. he's in charge of the whole group — remember vw includes audi, bentley, scania, ducati, skoda and porsche. he used to be head of vw branding. of the diesel emissions scandal since it broke in 2015. and apprenticeships are being hijacked by fast food giants, coffee shops and retailers — according to a study by the think tank reform. it says 40% of apprenticeships — approved and subsidised by the government, are no such thing — just low—skilled jobs dressed up to look like bona fide training. so who is the new man driving vw? he's herbert diess. he used to be at bmw. he's known to be tough on cutting costs and not afraid to clash with the unions. the german newspaper sueddeutsche zeitung daily calls him "tough—as—nails". he has been running the vw brand, which has managed to come out of the diesel emissions scandal remarkably well — let's face it vw is the world's big

the linking of stock exchanges in shanghai and london will allow investors in both markets to directly acquire shares in the other also foreign investors will now be allowed to take my jordi shareholdings in companies in the securities fund management and insurance sectors the initiatives were announced by china's central bank governor egon at the ball while forum for asia taking place in china but he suggested chinese regulators would be keeping a close watch. way you specially. opening up a venue make the market more competitive it should strengthen the regulation and make that the level playing field of being. more fair and low and. domestic and if we need to compete. china has a long record of promising to eventually open financial markets but these changes are scheduled for the end of the year the moves could take the wind out of the sails of u.s. policymakers they're calling for higher import taxes on chinese goods and this beijing does more to open its markets to american companies. here in germany the leading retail chain of consumer electronics media as a tool in almost failed

the chief executive of sainsbury‘s, mike coupe, joins me now from the london stock exchange. to the great british public. absolutely, first about customers, staff and profits later, you talked about reducing prices by 10%, at sainsbury‘s or asda, asda is cheaper? both businesses have plans to invest in price over the next period in time but 10% cheaper in both businesses on those key items because we think we can make those investments as a result of improving buying terms with large suppliers. in the end we can compare prices between the businesses and where the prices are different we can pass those benefits on to our customers, that‘s a big part of the rationale for the deal. you could put pressure on suppliers to reduce prices, that‘s a separate argument, but let‘s talk about your market share. tesco has 28%, what will be the, and share of the market you have, sainsbury‘s and asda will have how much —— combined share. sainsbury‘s and asda will have how much -- combined share. around 26% of the total market but that is a force for good for us because that means we can give

the linking of stock exchanges in shanghai and london will allow investors in both markets to directly acquire shares in the other also foreign investors will now be allowed to take my jordi shareholdings in companies in the securities fund management and insurance sectors the initiatives were announced by china's central bank governor egon at the bar while forum for asia taking place in china but he suggested chinese regulators would be keeping a close watch. by you specially. opening up a venue make the market more competitive it should strengthen the regulation and make of the level of full playing field being. more fair and allow and. domestic and every institution to compete with china has a long record of promising to eventually open financial markets but these changes are scheduled for the end of the year the moves could take the wind out of the sails of u.s. policymakers they're calling for higher import taxes on chinese goods unless beijing does more to open its markets to american companies. well if you don't know or where to invest why not have a look at the latest rage amon

london, that's our top story on tuesday 3rd april. (titles) spotify has taken the unusual step of listing directly on the new york stock exchange. this means less information for investors and a guarantee of a volatile first day of trading. but it could be bad timing for the streaming platform. us tech stocks like intel and amazon have taken a battering after the bank holiday weekend. and this is what the markets in europe are doing in the first few minutes of trade. we will explain why they are following the lead set by asia and wall street. we meet the man eyeing a profit from glasses. the boss of cubitts will be here to tell us why it takes 50 processes to make a pair of spectacles — and why he's reviving a dying art. and as spotify prepares to float on the stock market, we want to know, has it changed the way you listen? despite revolutionising the music business, it's still struggling to make money. just use the hashtag #bbcbizlive. hello and welcome to business live. welcome to the programme. shares in the music streaming firm spotify will be publicly traded for the first time later, but the stock market debut isn't a conv

heat map here, still down into the red stocks europe trading down more than .1 of a percent that is it for today's show. i'm willem marx in london. "worldwide exchange" is coming up right now these birds once affected by oil are heading back home. thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. >>> buckle up. we're about to find out if companies deserve your money the biggest week of earnings kicking off. the name to watch straight ahead. >>> oil alert, crude flirting with 70 bucks a barrel the impact that could have on your wallet. >>> we are headed live to the korean peninsula it is monday, april 23rd worldwide exchange begins right now. >>> good morning and welcome from wherever in the world that y

stock exchange. it started trading in an unusual way. how it works. there is growing concern over violence in london after two shootings overnight. melbourne — was shot dead in tottenham, in the north of the city, and a 16—year—old boy is critically ill after being found with gunshot wounds in north london's walthamstow. the met police's detective chief superintendent richard wood gave more details. just after 9:30pm last night... sadly, a 17—year—old female was located at the scene who sadly died shortly afterward. our thoughts are with the friends and family at that young lady at the moment. about 10pm, another incident in which a 16—year—old male was shot and a 15—year—old stabbed. the 16—year—old is currently critically ill and the 15—year—old has serious but not life—threatening injuries. this is outside source live from the bbc newsroom. our lead story comes from france. travel chaos in france as railway workers start three months of rolling strikes. let's bring you some of the stories covered by bbc world service. india has been cleared of doping but given a "strong written reprimand" after syringes were found in the commo

london. our top stories: fears of an american trade war with china send markets tumbling, we'll get the latest from the new york stock exchange determine exactly where the nerve agent used in the salisbury attack came from. coming up in the next half hour: the us mission in syria is coming to a rapid end, mr trump wants troops home, but there's still no clear timetable. and, he's famous for saying, "you're fired." but the number of white house departures have put donald trump's tactics to the test. let us know your thoughts by using the hashtag, #beyond100days. sometimes we get conflicting messages about us policy and it's hard to know exactly what's happening. that's the case today on syria. yesterday, the president said he wants to get american forces out of syria. today, the white house said it's reached a decision on a possible withdrawal but with no timetable. yes, we're confused, too. meanwhile, the leaders of turkey, russia and iran have been meeting in ankara to discuss the future of the country. in a joint statement, the leaders said they are committed to securing a "lasting ceasefire between the conflicting parties"

stock exchange. the exchange is hoping the upgradel of grade -- could boost its value. that's your bloomberg business flash. a great and the good of international finance gathered in londong the future of london at the financial center. anna edwards is here. over to you. great to have you with us. thank you for joining us. last time you spoke to bloomberg television i think was in davos. you said you hadn't felt so good since 2007 and that was a worry. and then things changed in february. you were pressing them. precedent prescient then. just the feeling that europe was on the verge of an upswing in the cycle. today we have probably a more balanced view of the market. positive with be economy growth around the world. rising earnings growth. people who want to be positive continue to be so. rates notably in europe. elevated valuation. probably a fear of inflation. we had a more balanced debate today. >> do you fear rising interest rates? is this something you worry about? some'll want to believe at point in time there will be normalization of monetary policy. that started a couple years ago in the u.s. and it is progressing in europe. the debate is how and when will the e

london, that's our top story on tuesday 3rd april. (titles) spotify has taken the unusual step of listing directly on the new york stock exchange.

there's a new head of the london stock exchange — david schwimmer, an investment banker from goldman's herbert diess. he's in charge of the whole group — remember, vw includes audi, bentley, scania, ducati skoda and porsche. he used to be head of vw branding. he takes over from matthias mueller, who has been steering vw out of the diesel emissions scandal since it broke in 2015. what's going on at jaguar land rover? why these cuts? asign of a sign of how tough, is at moment. they will be renewing 1,000 temporaryjobs at its plant, it will not be renewing 1,000 temporaryjobs at its plant in solihull. to put that in context, jlr has a workforce of 10,000 at solihull. and we have news aboutjp morgan thatis and we have news aboutjp morgan that is reaching us. that things have got off to a very good start for the us banking giant. their net income was up $8.7 billion, more than a third on the same quarter last year. than a third on the same quarter last yea r. sales than a third on the same quarter last year. sales also what10%, at $28.5 billion. high interest rates and lower... wishes bea