will it be a viable threat to jab holdings? holdings? the biggest. who are jab? pete ‘s coffee, these are very strong and big in the us. strong and big in the us. alawite struggle to make inroads into the us market? —— nestle. -- nestle. redistribution and retail market they know >> studio: want. how do these stats are gees differ? —— strategies differ? -- strategies differ? products —— nestle is trying to aspire to. aspire to. really take up as much of the us as it did in europe. thanks forjoining us. was introduced in 1978 — after temperatures reached 27. degree celsius at heathrow airport. 6 degree celsius. the day in bigbury—on—sea on the south devon coast. a great day in may. there are crowds of people here enjoying the sunshine. it is record—breaking highs in parts of the south today. a lot of people out here. 900 parking spaces here and they're all full. everyone seems to be enjoying the water and the beach. the sea is pretty calm, that makes it ideal for people. we have been speaking to some beach—goers. it's nice and hot and sun

the owner of pret a manger is set to sell the uk—based sandwich shop chain for $2 billion to jab holdingsl times. the private investment group is taking on beverage giant nestle by rapidly acquiring companies linked to the coffee market. talking of coffee, every starbucks in the united states will be closed today so its 175,000 us employees can receive training in how to avoid racial bias. this follows the arrest last month of two black men in a branch, as they waited for a business meeting. that is pretty much it for business briefing this hour. before we go, let's have a quick look at the markets for you. i talked about the dowjones, closed last friday. that is half a call, no attention. the nikkei and the hang seng both down. the career situation is encouraging, the european, italian situation is not. sugar, crude up a little bit. that is the latest, you're right up to date. news briefing is coming up next. youtube has deleted just over half the music videos the metropolitan police has asked to be taken down because they incite violence. the music involved is known as "drill" and it of

trying to grab more upscale coffee makers where it is overtaken by jab holdings, with the k-cup machine. >>> ticket master sees a future where you no longer need a physical or digital ticket to get into the event. invested in a facial recognition company called blink identity. it can register an image of your face as soon as you walk past a sensor and matches it against it in half a second or a blink. if the system gets a match it automatically opens doors or turn styles to let you in. laura and marcus, i don't know, that's why too futuristic for me. a little too minority report, don't you think. >> that is kind of strange. >> as cool as it sounds i'm kind of nervous about that one. >> thank you, bertha. new this morning, if you think you're getting a lot of robo calls these days, you're right. "new york times" reporting there were more than 3 billion ought mated calls last month. that's 900 million more than last april. the good news here, congress and regulators are aware of the problem and been holding hearings to try to put a stop to all those calls. >> me too. >> hang up. >> 4:41 r

bridgepoint want to sell to luxumbourg—based jab holdings. and has now expanded into the us, hong konganti—discrimination training. who were in the store but had not ordered anything. to donate their organs after they died. and asian communities. as diabetes and hypertension, which can result in organ failure. has this special report. i've had kidney failure for quite a while... ashley's kidneys are now only working at 5%. and is hoping to find a donor. are either black or asian. compared with white patients. because her health is deteriorating. likely to be a closer match. and it is a given to be on a transplant... being a donor. it is a given. but then within my communities, it is not a given. was an organ donor. she collapsed at home and died in hospital three months ago. i did not even know she was an organ donor. i found out when i offered her organs in the hospital. give their permission compared with white families. are from minority groups. as a hindu, we cremate the body. so that was my logic at the time. we are going to burn what we don't need. she was a giver all her life. w

jab holdings has now agreed to buy predemonger. that has been rapidly expanding here. j.a.b.'s portfolio is full of familiar names, but its own name is virtually unknown and it isn't exactly your typical private equity firm either. >> predemonger, which is french for ready to eat, is a british sandwich and salad specialist with 500 stores in nine countries. fewer than 100 of them are here in the united states. the deal reportedly worth almost $2 billion adds to j.a.b.'s rapidly growing portfolio of fast casual restaurants, which also includes au bon pan and panera which it bought for $7 million. j.a.b. has a portfolio of beverage companies. it owns a number of coffee brands, for example, including pete's, caribou and stump town. it bought keurig green mountain coffee for 13 point be point $9 billion and just this past january it bought dr. pepper snapple for almost $19 billion. j.a.b. is also big on breakfast. it owns crispy cream donuts and einstein brother bagels. j.a.b. holdings is based in luxembourg. it's owned by the reiman family of germany. unlike many private equity f

staying with coffee, the owner of pret a manger has sold the uk—based chain to jab holdings for $2 billionnt group is taking on beverage giant nestle by rapidly acquiring companies linked to the coffee market. chinese e—commerce giant alibaba has agreed to sell its tmall online pharmacy business to its publicly—traded healthcare arm in a deal valued around $1.11 billion. the firm will transfer the pharmacy business on its tmall marketplace platform to its hong kong—listed healthcare affiliate in exchange for shares and convertible debt. malaysia's new prime minister mahathir mohamad has announced he will scrap the project to build a high—speed railway to singapore. the country's new leader has made it a priority to cut the national debt and pledged to review big projects agreed by his predecessor. mariko 0i is in singapore. what more do you have on this? as you mentioned, malaysia's new prime minister mahathir mohamad has said he will scrap this project and his focus is to cut down the national debt which is about a quarter of a trillion of us dollars and he hopes by scrapping the projects

bridgepoint want to sell to luxumbourg—based jab holdings.e two firms haven't confirmed the figure. pret employs 12,000 people in the uk. so dixons carphone shares have sunk by nearly 20%. the company says it expects pre—tax profits for 2017—18 to be £382 million, but it predicts profits will fall to £300 million in 2018—19. the chief executive alex baldock has said that "nobody is happy with our performance" but assured that the problems were all "fixable". he blamed "challenges" in the market for mobile phones and mobile services, including a declining market for long—term mobile contracts and people not renewing their handsets as frequently. weaker demand for computers has also been cited as a drag on profits. earlier we spoke to simon french, chief economist at panmure gordon. he said the chief executive is using his honeymoon period to make the difficult decisions on capacity and profit guidance. what he's done, he has had a strategic review of the business, looked at the amount of retail space that he has at his disposal, but is also lo

make, bloomberg has been reporting a story for a holding wasat jab going to buy a stake in an eatery in the u.k. that a lot of city people go to. terms haven't been disclosed, be bloomberg reports it will sold by bridge point hedge fund for $1.5 billion after they bought in 2008 for 1.5 million the hedge fund bought it for one million pounds in 2008. more on that developing story next. this is bloomberg. matt: welcome back to "bloomberg markets: the european open." 14 minutes until the open of equity trading. we are a rates trading in an insane fashion around the continent, just soaring in italy and spain and portugal, and dropping like a led zeppelin in germany. interesting asset moves. are interesting headlines in the bloomberg business flash with juliette saly. juliette: shares in japan fallen after apple is reported to only use -- screen for all new iphone models next year. south korea's electronic times have identified officials for the report. samsung display has so far only been the only supplier. a representative declined to comment. ae u.s. has signaled willingness to begin

. >>> the jab holdings continues its shopping spree expanding its growing food empire.t's buying a majority stake in a british coffee shop chain. j.a.b. is buying from bridge point for an undisclosed sum the dieeal may be worth $2 billn and debt this deal is the latest in a string of deals for j.a.b. holding. you may not know this, but j.a.b. holding now owns green mountain, pete's, caribou, krispy kreme and about 5 or 10 other brands including panera. >>> time for the big money stories. contessa brewer is here with those. >> miysterious and delicious. japan display shares stel as mu fell as much as 20% after apple is planning to use oled screens for new iphones next year. >>> nissan may cut north american production by 20% it's struggling with falling profits in the united states japan's nikkei reports cuts are already in progress at two plants in the united states and three in mexico, but no workers will be laid off and the assembly lines won't be halted there you can see trading is flat in the premarket. >>> jeffries is upgrading ford to buy from hold, increasing its

chain pret a manger is to be sold by its private equity owners bridgepoint to luxembourg—based jab holdingsx profits for 2017 to 18 to be £382 million, but it predicts profits will fall to £300 million in 2018—19. the chief executive alex baldock has said that "nobody is happy with our performance" but assured that the problems were all "fixable". he blamed "challenges" in the market for mobile phones and mobile services, including a declining market for long—term mobile contracts and people not renewing their handsets as frequently. weaker demand for computers has also been cited as a drag on profits. is simon french, chief economist at panmure gordon. good to talk to you. what went wrong for the shop this time? 0range ragga good morning. look, this is a story probably in three parts, first and foremost, the new chief executive wa nts to foremost, the new chief executive wants to get all the bad news out early in his tenure. he has been there for a couple of months so he wa nted there for a couple of months so he wanted to do the shop closures because of the second factor which is the way

getting a new owner, jab holdings buying the uk sandwich from private equity point bridge point and othernvestors. terms were not disclosed. value the deal about $2 billion that would include debt, jab also owns other familiar plans including panera, krispy kreme. highly-anticipated solo, star wars story from disney and lucas film did open up memorial weekend and came in number one but just watch. >> i waited a long time for a shot like this. >> what do you think? no, what do you know? cheryl: despite being han solo, fell short of expectations, brought in $103 million over the long weekend, so a little disappoint there. deadpool 2 came in with second place, estimated 55 million and third place avengers infinity war kept rolling, another $21 million, rounding up the top 5 book club and then life of the party, but the feeling on this solo star wars story, maria, maybe fatigue and just had other star wars movie come out few months ago. they could have waited a little bit before they put this one out on the market. maria: fatigue? cheryl: maybe. kevin: rogue one got great reception, new story

ja be holding is adding a restaurant -- jab is adding to a with annt holdings error and others.erms of the deal were not disclosed. be purchase price is said to $2 billion, including debt. canada getting into the pipeline business. the government has agreed to buy an all -- a mountain oil pipeline to make sure it gets built. the price is $3.5 billion. the project had been slow down by protests from environmental groups in earnest columbia. that is your business flash update. coming up, 10 million dollars in penalties for banks and a traitor was sent to prison. why are they still touting the guidelines? this is bloomberg. ♪ vonnie: this is "bloomberg markets.". i'm vonnie quinn. shery: and i'm shery ahn. year cents a regulators published fx regulation code. it is designed to improve standards in the over the counter market. some industry executives say the code has not done enough to clean up most dubious practices. with more infirm mission is our fx reporter. you spoke exclusively to vanguard and what did he say? is notaid the market going far enough to curb some potentially dub

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hold each other to these standards. >> sounds like another, at least indirect, jab at the president. >> it wasn't even that indirect. remember, michelle obama from the campaign trail in 2016, she said in the wake of that "access hollywood," she said shaken to the core and we know how she feels about what happened in the 2016 election. there she is really asking women to look at themselves and looking to see how women are viewing other women. we know, for instance, that white women very much supported donald trump. you didn't see that with other races of women. african-american women wholeheartedly supported hillary clinton. she really sparked something in women. should there be solidarity? we saw in that last election there wasn't a lot of solidarity, particularly along our racial lines. listen, she's probably glad she's finished working on her book. we'll see that book come out maybe in the fall, and you can see there she's very, very popular and passionate still. >> we'll see melania trump's event in the rose garden today as well. guys, thanks very much. >>> president trump blasting the former u.s. secretary of st

bridgepoint want to sell to luxumbourg—based jab holdings. pret employs 12,000 people in the uk. because it stores will be shut this afternoon. afternoon. they want to prevent discrimination like that happening in future. like that happening in future. at a starbucks store in philadelphia — and they were arrested. — and they were arrested. saying, you know, they want to make sure this never happens again. sure this never happens again. commercially, how many cups of coffee are not being sold today? coffee are not being sold today? the morning, so what, a third of that, 2. that, 2. 3 million cups of coffee going on poured today? going on poured today? back of the envelope calculation. envelope calculation. if you say it with it sticks! —— going unpoured. coffee, what is it going to cost starbucks, this half day closure? starbucks, this half day closure? result of these store closures, and to put it in context, less than 0. to put it in context, less than 0. which many say could also cost millions. millions. sense that this move is enough to st