the big four banks the big four consultancy firms the big four audit firms the big. for telecom companies the big four chip makers the big four defense contractors the big four whatever they want the big four get whatever they want so that's something to be celebrated in the big four but in the u.k. the big four audit ninety nine of the footsie one hundred companies and ninety seven percent of the footsie three hundred fifty from ninety five percent five years ago so it's actually gone up since the financial crisis despite e.u. and u.k. reforms a sensibly aimed at tackling a lack of competition in the sector is a pattern that is replicated throughout advanced economies and the vast majority of member states a combined market share of the big four audit firms for listed companies exceeds ninety s. percent but it's in the consulting business where the real money is being made into a competitive they hate competition they don't want competition that's why the informal cartel to stop all the competition and to engage in every known illegal activity to prevent competition

the big four banks the big four consultancy firms the big four auditing firms the big. for telecom companies the big four chip makers the big four defense contractors the big four whatever they want the big four get whatever they want so that's something to be celebrated in the big four but in the u.k. the big four audit ninety nine of the footsie one hundred companies and ninety seven percent of the footsie three hundred fifty from ninety five percent five years ago so it's actually gone up since the financial crisis despite e.u. and u.k. reforms a stand simply aimed at tackling a lack of competition in the sector as a pattern that is replicated throughout advanced economies and the vast majority of member states a combined market share of the big four audit firms for listed companies exceeds ninety's percent but it's in the consulting business where the real money is being made right not that competitive they hate competition they don't want competition that's what it is form a cartel to stop all the competition and to engage in every known illegal activity to prevent

the big four chip makers the big four defense contractors the big four whatever they want the big. get whatever they want so that's something to be celebrated in the big four but in the u.k. the big four audit ninety nine of the footsie one hundred companies and ninety seven percent of the footsie three hundred fifty from ninety five percent five years ago so it's actually gone up since the financial crisis despite e.u. and u.k. reforms a stand simply aimed at tackling a lack of competition in the sector as a pattern that is replicated throughout advanced economies and the vast majority of member states a combined market share of the big four audit firms for listed companies exceeds ninety's percent but it's in the consulting business where the real money is being made into a competitive they hate competition they don't want competition that's why the former cartel to stop all the competition and to engage in every known illegal activity to prevent competition and it's only it's only getting worse as the crisis because they have the cooperation of the central bank of england who wi

data day for big data with a big gdp report big.cnbc rapid update, 4.2% is expected that's higher than we've been running. we had some 3s, we went down to 2. you want to follow the four quarter average, 3.1%. barclays, north of 5 we have not seen that in a long time >> wow when is the last time we saw 5 >> hold on to that thought i have that answer >> sorry >> morgan stanley at 4.7 atlanta fed at 4.5 you can see how strong the report is, the bottom is 3.8 would a big gdp number represent growth in the u.s. or is it a one-off? >> morgan stanley says driving this robust growth is a number of factors that are unlikely to be sustained here are some of those factors a bounce back from q1. that number was lower than the recent trend you have tax cut effects, those could be more permanent on the consumer side. stockpiling ahead of tariffs is a big number in inventories are expected to add 2.2% to this growth number. get rid of that, you're back to this 2.5% gdp growth politically, you can expect superlatives, but the last time we saw north

there's one of your big tech stocks that will be a big number jeff killburg you're a big guy with a bigcoming on the show. take care. >>> it's time to wrap up the show with a monday rbi this is random but interesting if you ever wondered how big the etf market has got en, how about this $6.9 trillion. in "wall street journal" story other the weekend highlights how assets and passive funds try to match the market, not beat it, have quintupled in ten years to nearly $7 trillion the question is maybe matching the market is the new market it's something to think about that's hopefully random but interesting and maybe a little bit imrtt.poan maybe a little abba. worldwide exchange "squawk box" is next >>> breaking overnight a late night warning to the president of iran. don't threaten the united states again or you'll suffer the consequences a live report from washington in a moment shares of fiat chrysler under pressure falling after the long time ceo suddenly stepping down for health reasons we'll explain. a poison pill at papa john's the ousted founder, trying to prevent him from gaining

the big bang the origin of the universe that happens this it says for us to come the big bang theory has certainly made it a popular catchphrase with its nerdy characters it's been credited with making physics cool to teenagers character the show features real life geeks like my m.b. alec but since the nero scientist may not know all that much about cosmology let's consult an expert about the real big bang theory. art reconstructed the big bang professor. no no no no no no no it's not that easy the big bang wasn't like any explosion we can imagine an explosion takes place in space but space didn't exist yet let me show you how the universe came into existence. they were are we. we are weird the universe doesn't exist yet from a physics point of view we are absolutely nowhere according to theory at this point there is no space nor time and certainly no matter. can calculate what happened right after the big bang but we know nothing about the moment the big bang happened. so we don't know why the universe came about. be honest we have no idea. does that mean there might have been anoth

he has a flourish for the big moment. i wonder, i don't expect anything to come of this, you lower expectations and then try to deliver something big. >> we don't know what to expect, the president hasn't had breakfast yet. in a couple hours he will sit down with vladimir putin. we know vladimir putin violated the syrian cease-fire, he violated the 2015 ukrainian cease-fire and the russian government is been violating the 1987 intermediate nuclear force treaty for some time so obviously vladimir putin is a slippery kgb fish, trump has to know this and be on his guard when it comes to whatever agreement they make coming out of the summit. >> we had democrats saying it should be canceled, shouldn't even be happening and we had a lot of analysts on the year saying whether you agree or disagree with the president's agenda, sitting down with a power like russia at this critical time all around the world is important if nothing else to open this dialogue. >> the stakes are too high to dismiss this completely. we heard all the r

big turbines like six megawatt turbines you will in certain places be able to generate so much energy so much wind that it can actually be economically viable without subsidies and that's exactly what we need to get to that as a whole you're blaming politicians for giving green technology subsidies without really looking into whether they can become stable why do you think governments do that blind hope or political calculation. i think there's a general sort of desire amongst politicians to be front page front page news and as long as it's green and it looks good and there's an attachment with his good image. i'm not sure all politicians look through the actual economic side of it and that's what i'm what i'm asking for we need more commercial discipline here. but that's just political life political life is usually a cycle of four to five years depending on the country and therefore those of us decide to do good or be seen to do good but here i come in as a business person saying listen it might not be so good for the long term for the for the taxpayers so therefore let's be discipl

unfortunately you can only do it where you have rivers so you do need to be lucky enough to have a big river running somewhere but hydro power is fantastic and finally nuclear power we consider that to be green yes there is a disposal problem to a degree on the on the waste but net net it is still a green technology that today has become so much more safe over the years and it is a technology that delivers big gigawatts so if you can construct these power plans of the reasonable cost which seems to be a bit of a challenge sometimes around the world then i think that would also be part of the energy mix those three things hydro nuclear and efficiency those are the ones will move the needle big time in terms of green energy production globally now you have said before we're having few infrastructure problems that hinder green energy development what do you mean it's existing alec tricity create infrastructure not adaptable to green energy sources. it is true the infrastructure problem is a big issue to be honest because it takes something like wind the wind usually doesn't blow exactly w

a big sovereign wealth fund. that meant a big payday for wall street.s one of the biggest deals for our generation. two years later, it appears to run to the family. it was meant to happen this year. they went into 2019. they said it would be nice to have a 2019 the timing is not. more people we have spoken to who were close to iran code, some people are start and question whether it will have a -- a couplem thinking, years ago i would never have thought we would have had all those words together. we are talking about it might happen next year, maybe later, or maybe not all? >> a couple of things have changed. -- timetable has been laid lay down was ambitious. the biggest problem we had was evaluation. when he announced the idea to the $2he conference, trillion evaluation the company. there were no trillion dollar companies in the world yet. there was always a big ambition. while no one disagrees it is a company, most people who crunch numbers based on oil prices and how much oil saudi betweenroduces, somewhere between 1 trillion and 1.5 billion. wally

here's big baby. big baby. they pushed off to grab that.ush much. >> jim: i actually tried to use that excuse all the time. there's nate. missed it. mobley. working on stoudemire. quicked it out to big baby. they'll call that one on the floor on maggette. hawkins will step back in for tri-state. >> jim: that will give you some scoring to along with nate robinson. how about that collision. >> brian: i know nate played football, but you had pads on. this is like get hitting a ball right here. he moved him back a little bit too. >> he did. here's nate. pulled back. pulled out and drew moving in and smacked big baby on the butt. 4 point lead. big baby. >> brian: flip, hesitation off one leg. baby end big baby one of two. jermaine o'neal. you don't compare anybody to big baby davis. he's such a unique type. the physicality and movement. he's just gigantic. you can compare him to anyone else >> charles barkley. charles was big and highly char. i mean, he ran the court as good as anybody. and he rebounder. i mean, he just ate up the glass. >> don'

stuart: big news for the videogame industry, big news indeed.ive broadcasts of playoffs, championships, goes all of next season too. "overwatch" commissioner nate nanza is with us. that is a breakthrough. that is the first time esports leagues have gone on cable tv, i think. big break through? >> definitely. super exciting news. since we last spoke we moved to the playoffs. quarterfinals last week. semifinals this week. we have awesome matchup. and all of that leads towards next weaken where we play the grand finals at sold out barclays center in brooklyn. as you mentioned that will be broadcast for the first time on espn's flagship network in prime time, first competitive gaming event on espn 1 in prime time. stuart: we're giving you free commercial on grounds this is news to me. i think it is news to a lot of our viewers just how big of an industry, this is esports, isn't it? that is what we're talking about here, competitive teams, competing on a videogame, sometimes in a big stadium, with tens of thousands of people watching. how many billio

we hope it's going to be very big. what do you mean by big? why are you hoping for bigness? what does that even mean? you're meeting with the russian government. did you plan in advance what you were going to say? we're hoping it's going to be a very big meeting. i think it will be just those two guys. what do you mean big? but watch where senator shelby really puts the screws to the russians here. >> coming out of the putin-trump meeting in helsinki, maybe a new day. we will have to wait and see. we recognize that the world is better off, i believe, if russia and the u.s. have fewer tensions. we are competitive, but we don't necessarily need to be adversaries. >> go get 'em, senator. did you wait until you saw the whites of their eyes? as the meeting went on between all these republican senators and officials from the russian government, "the washington post" had a reporter there who says that senator shelby told the speaker of the dumas, the speaker of the russian parliament, senator shelby told him, quote, i'm not here to accuse russia of this or that or so forth. quote,

i think a big rock down there above terra linda. we are looking out at the national forecast and the heat. there is rain here and there but nothing really massive. check out the. it is bill - - it is big again 80 degrees in washington dc at 7:30 at night. it is hot out there. the entire country except from san francisco and north looks good. the entire country looks very hot. our story has been this low pressure setting over here and this one has been keeping cool. this is coming from five io. this is a hurricane off the tip of baja. and in the same direction the clouds are going. we are seeing the increasing - - we are seeing the swells along the coast. clouds are varying from tropical a warm range of temperatures in the 80s and 90s. fog that is clear along the coast. we will talk about the humidity tomorrow that we are anticipating and heat that can impact the fire danger. >> thank you bill. and net neutrality - - >>> net neutrality maybe coming to california. >>> lawmakers have revived a bill for net neutrality. the original bill

he says his big tax cut and war on regulations are big reasons.stion is can this boom last? cnn's christine romans breaks down the numbers. >> john, the american economy roared back in the spring from its first-quarter lull. it was the strongest quarter since 2014 when the economy grew 5.2% under president obama. president trump says this quarter was not an anomaly. in fact, he's promising 3% plus annual gdp growth for the year. >> as the trade deals come in one by one, we're going to go a lot higher than these numbers. and these are great numbers. these numbers are very, very sustainable. this isn't a one-time shot. >> it would take another two very strong quarters to get there. you know, gross domestic product is the broadest gauge of an economy's health. it shows in the second quarter consumers dug into their pockets. they bought more. companies invested more in plants, technology, and equipment. the government spent more on defense. this strong quarter reflects an economy in excellent shape. unemployment is low, companies are enjoying record p

big dreams... and big plans. so how do i make the efforts of 8 employees... feel like 50? how can i share new plans virtually? how can i download an e-file? virtual tours? zip-file? really big files? in seconds, not minutes... just like that. like everything... the answer is simple. i'll do what i've always done... dream more, dream faster, and above all... now, i'll dream gig. now more businesses, in more places, can afford to dream gig. comcast, building america's largest gig-speed network. >>> president trump crediting himself for heading off war with north korea saying many good conversations with north korea, it is going well. in the meantime, no rocket launches or nuclear testing in eight months. if not for me we would now be at war with north korea. that tweet comes as secretary of state mike pompeo prepares to return to north korea on thursday. we were told he will meet with kim jong-un and his officials. will ripley joins with us the latest. will, the pressure is really on secretary mike pompeo with this tr trip. >> he has two days in pyongyang to convince the nor

i'm so much more safe over the years and it is a technology that delivers big gigawatts so if you can construct these power plans of the reasonable cost which seems to be a bit of a challenge sometimes around the world that i think that would also be part of the energy mix those three things hydro nuclear and efficiency those are the ones will move the needle big time in terms of green energy production globally but as you have said before where we're having fusion infrastructure problems that hinder clean energy development what do you mean it's existing alec tricity great infrastructure not adaptable to green energy sources. it is true the infrastructure problem is a big issue to be honest because it takes something like wind the wind usually doesn't blow exactly where it is consumed the consumption is in the big cities the wind would simply be out of by the coast or in areas where there's a lot lot of wind so you've got to transmit the energy from where it's produced towards consumed and so it's got to pay for that typically it's been the state or it's been the infrastructure provi

medical equipment company thermo fisher rallying double digit these are big moves.what do you make of it? >> i make of it that the space is extraordinarily cheap. >> cheap with those moves >> right after president trump had that little conversation with pfizer, the stock was trading 36 or so it sets up really well on earnings and the highest the stock has been up 16 years and best single-diday performance i don't know how long and i think they're relatively inexpensive. >> they're certainly a catalyst and argument in terms of the valuation. i just look at biotech and the earnings are starting to see improvements in the pipeline and the balance sheets are fantastic and the valuation in the market, you have to look at the ibb and it will be a great chart and it continues to be. >> all right dan? >> yeah. just all right >> are we doing options action >> one trader made a big bet >> fast pitch. >> or as guy said it, power pitch which is a totally different show we just talked about is headed for an even breakout you can break that down for us if you so choose thank you.

so we had a big day, very big. we met right here at the white house to launch a new phase in the relationship between the united states and the european union, a phase of close friendship, of strong trade relations, in which both of us will win, of working better together tore global security and prosperity, and a fighting jointly against terrorism. the united states and the european union together account for more than 830 million citizens and more than 50% of the global gdp. in other words together we're more than 50% of the trade. if we team up, we can make our planet a better, more secure and more prosperous place. already today the united states and the european union have a one trillion dollar bilateral trade relationship, the largest economic relationship anywhere in the world. we want to further strengthen this trade relationship to the benefit of all american and european citizens. this is why we agreed today, first of all, to work together towards zero tariffs, zero non-tariff barriers, and zero subsidies

so the big three index is really called the big four.mall caps continued their performance finishing up.75% of 1% let's finish up today called our rapid recap. stocks selling off around the world. >> ineuropean union has issued a warning to the u.s. over the possible imposition of tariffs over european cars and car parts. >> wto needs some reforms are needed so i think there really is a need to update and synchronize its activities >> tesla shares up sharply after elon musk said the company did in fact hit its production target for the model 3 >> there were reports there were plenty of cheering and celebrating when they finally completed the 5,000 model 3. >> computer maker dell going public once again. it is buying out the tracking stock in its software unit vm ware >> this is about simplifying our capital structure that we created to shareholders. >> macao growing in the month of june >> overwhelmingly winning the mexico's presidential election >> we just spoke with president's elect of mekxico we talked about border security, trade, w

a big surplus is a big problem.scher, the ceo of the diw german institute for economic research. that is an interesting line when it comes to the german government spending story, isn't it? remember, bloomberg users can interact with all of the charts we have been using. you can use them for presentations, or just for further reference. anyway, g tv on your bloomberg. ♪ ♪ time.attle of the charts you can get both of these on gtb on your bloomberg -- gtb on your gtv on your bloomberg. nejra: we got a survey showing that opec picked up ever so slightly in june despite the saudi's wrapping up. this includes the russian ruble, brazilian royale and the canadian dollar. it is hovering around a two-year low. seen it a lotally of these commodity currencies pick up along with the oil price. this could be to do with a stronger dollar or trade woes as well. guy: christine? >> i am talking about the krona against the swiss franc. central bankses are beholden to what the ecb does. they kept expectations for rates to rise to

are ( darya ) a big story we are following this morning...posing as a ride-share driver will be in court today. federal immigration officials say orlando lazo is in the country illegally... but would not say if they had prior contact with him. we have also learned that lazo was actually employed by lyft. in a statement to kron-4... lyft says it immediately deactivated lazo after the allegations came to light. they did not say how long lazo has been driving for them. so far... four women have come forward with allegations of sexual assault. police say d-n-a evidence has linked lazo to an attack in 20-13... and 3 recent sexual assaults in february, may and june of this year. ( darya ) a five-year-old is assaulted in a bathroom at travis air force base. the victim's mother says her daughter was touched inappropriately by another young girl in the bathroom. the victim's mother works at a childcare facility on the base. she posted a video online warning parents that their kids could be in danger. the victim's god mother pointed to recent congressi

a big part of that is the permitting process.as to get its blessing, but at the behest of environmentalists, state courts can shut down small portions of a pipeline like an area where it might cut across a stream. this can delay development for years. money. a pipeline can cost billions. typically, the pipeline guy walks in contracts from buyers. now some producers are so desperate that they team up with a private equity to secure funding. it doesn't matter what the problem is, companies want the pipelines and it is up to ferc to make it happen. i recently caught up with an -- alix: i recently caught up with an executive and asks her what the hardest part was with building a pipeline. >> we need to deal with issues like the doubling of construction costs because labor, among other things, is so expensive. as we brag about having a very low unemployment rate, we have hundreds of thousands of jobs, in fact over all in the economy, 6 million jobs that we haven't been able to fill. alix: how quickly in theory can you get a permit to

but that ad supported free service is also a big driver. how big? it varies for company to company. for spotify, it is about 10% of revenue. they actually missed a little bit this quarter due to some gdpr-related issues. but longer-term, radio is a $25 billion market globally. there is room for spotify. emily: talk about the competition with apple. we are still waiting for apple to report, but this is a company that obviously has really deep pockets and really long-term relationships with artists that spotify has to compete with. justin: right. it is a great question. apple does have a platform advantage. it can push apple music to all of the iphone owners, ipad owners in the market. that said, if you look at the global market, apple has a small marketshare share relative to android, relative to other devices. that market share further fragments when you factor in that amazon echo is the dominant speaker. so when you look at what will be the winning factor for streaming business, it device ubiquity. every device on and is starting to build up a data

plenty of other big names are on the horizon.ow is lindsay bell it is early in earnings season so far how would you categorize the numbers we have seen >> it's been a great earnings season so far. 93% of companies have beat on earnings estimates, which is better than any historic average. >> 93% >> yeah. usually it's high early in the season and then we get to 66%. so we're doing well. >> is that with technology is that with industrials is that across the board i know it's early, but who is looking particularly good. >> only 11% of the s&p 500 has reported not a lot of names but it's been broad based. i have my eye on the industrial stocks these guys have reported, and every one of the ten companies have beat. stocks on the day moved 2.8 percentage points higher >> has the guidance been okay? i imagine it has been if we're seeing a reaction to the upside. >> guidance has been very good guidance of those ten companies have reported, 8 have either raised guidance on sales earnings or cap eecapex. >> they admit that higher prices ar

from new york, this was "real yield." ♪ alix: big earnings, big cash, big buybacks. cacheword triggers juicy shareholder returns with shell announcing a $25 billion buyback. u.s. independents on deck. lng and soybeans to the rescue. president trump calls a cease-fire with europe as they look for ways to buy more soybeans and lng. it's getting hot, hot, hot. severe drought in texas decimates crops, and california's power prices pop. ♪ alix: i'm alix steel, and welcome to "bloomberg commodities edge." it's 30 minutes focused on the companies, the physical assets,

the big bang happened. so we don't know why the universe came about. to be honest we have no idea. does that mean there might have been another universe before the big bang. it is certainly conceivable maybe there are even other universes parallel to ours ones that might also contain life. but this is just speculation there's no proof. although it sounds absurd most physicists assume that the universe a rose out of nothing there's no such thing as before the big bad and no such thing as beyond the universe with the big bang this is what came into existence. but it's so tiny according to our calculations in the beginning the universe was so small that billions of them could fit inside an atom which. yes one hundred trillion trillion degrees. everything in the universe was squeezed together into this point feel. that what was that was constant conflation within a fraction of a second the universe got trillions and trillions of times bigger matter spread throughout space then the universe stopped expanding so

a big question.raditionally you use the gap numbers, generally accepted accounting principles pells say if they take a charge, that's part of the earnings. analysts are using adjusted numbers for years, they strip out the charges. so what is it? this is a debate wall street has been having. it is actually effecting our numbers. we followed this very carefully. i'm an old school guy. i say the company took the charge, it is in the earnings, they're taking it, that should be the bottom line other analysts say no, no, you take charges out because you get a cleaner picture of where the company is it goes to the debate about financial engineering in general. i don't know what the answer is. it is messing up people this morning. >> 20.8 still pretty good. >> but a full percentage point lower. remember the narrative, my narrative. it is messing with my narrative. the narrative is earnings are generally improving and looking better and the commentary in third quarter is generally looking better that hasn't c

with that traffic alert in san mateo...where a big rig crash is with that tr >>> a big rig flips ontog delays for the bay area commute. >>> and flames and smoke filling yosemite national park. the new evacuations underway as anymores threaten buildings and homes. >>> and an incredible story of survival. how a chance encounter saved this woman's life after her car plunged over a cliff in big sur. >>> we start with the traffic alert in san mateo, where a crash is normally busy onramp. it is tuesday, july 17th. i'm kenny choi. >> i'm michelle griego. we have live team coverage. the ramp from northbound 101 to eastbound highway 92 is closed. jessica flores is live on the scene with more. >> reporter: we are actually standing on the eastbound ramp right now. i want to show you the truck behind me. we'll have the photographer walk over so you can see the tow truck and that big rig that overturned. it's going to be towed after overturning with 80,000 pounds of produce in it. these are pictures of what it looked like before. crews have been here since about 10:30 p.m., cleaning up all the deb

the next big and i'm going to send it back now to the studio i think thing with. hello again for mail to moscow i call them the headline story the u.s. justice department has charged twelve russians with hacking offenses is part of an investigation by special counsel robert muller into alleged meddling in the twenty sixteen presidential election. the indictment charges twelve russian military officers by name for conspiring to interfere with the twenty eight sixteen presidential election. eleven of the defendants are charged with conspiring to hack into computers steal documents and release those documents with the intent to interfere in the election the twelve russians are said to be members of russian. three intelligence and they're accused of hacking democratic party e-mails and hillary clinton's campaign the indictment says they created online personas to publish the stolen information the justice department though says there was no evidence that the alleged interference changed the course of the election. there's no allegation that the conspiracy changed the

, big believer, but is advising elon musk to zip it >> big day a lot coming up.it. see you soon. >>> we are on washington watch we will talk about the president's big trip as well and why it doesn't seem to be impacting the market with tough food, your dentures may slip and fall. new fixodent ultra-max hold gives you the strongest hold ever to lock your dentures. so now you can eat tough food without worry. fixodent and forget it. need a change of scenery? the kayak price forecast tool tells you whether to wait or book your flight now. so you can be confident you're getting the best price. giddyup! kayak. search one and done. >>> another guest on delivering alpha, larry kudlow, former colleague, current friend, now president of the national economic council that's a big interview coming up >>> staying with the white house and political news, the fallout continues today. the president walking back or trying to some remarks he made during a news conference with vladimir putin the president now saying he misspoke and say he did have reason to believe russia meddled

there are so many big stars back in wimbledon.tennis, this is one of the big tournaments to watch and again, lots of drama, i am sure. and let us hope it is not too hot for them, which they are not accustomed to at wimbledon. it is more something they have to face in spain. thank you for coming in, stefanie. —— stephanie. stay with us here on bbc news. so much more to come. we turned up the heat again on sunday, 32 degrees, 90 fahrenheit in hampshire, london 31, through the midlands in the strong sunshine that we had. there is going to be more sunshine over the week ahead. if you are looking to rain you will be out of luck, one or two isolated showers but on the whole it will be dry. the first day ofjuly put some rain towards the south—west of the uk from that area of cloud there, about half an inch of rain in devonport example, and the earlier showers and thunderstorms as well are pretty much moved away to the english channel over towards the new continents are probably going to be dry on monday, the cloud may be lingering in the

a very big. we met here right white house to launch a new phase in the relationship between the united states and the european union. a series of close friendship, of strong trade relations in which both of us will win. trade to breaking news this morning. we are covering two very big stories as president trump announces a breakthrough in trade with europe all facebook stop plunges 20% after reporting disappointing revenues and subscriber growth. train to an explosion outside of the u.s. embassy in beijing. only the bomber was centered. rising trade tensions with the u.s. behind the blast. trade tensions appeared sending the dow up 172 points yesterday. turning to you as you can see from the nasdaq under a lot of pressure and a lot of that is technology. the face but disappointment of course. but i was up 20 down by six. gerri: europe stocks open higher in trade tensions with european automakers leading the way. cheryl: stocks initially mostly lower the cost of the index in korea moving higher. g

it is a big place. that is also owned by a chinese consortium with disney as a small minority partner. carol: that is what china demanded. you want to set up shop in china? ok, but it will be a joint venture. jim: everybody goes in with a partner, and a partner, besides getting rich, the partner is also able to earn your business and maybe take your ip. that is a great way for them to develop, but a lot of the leverage they have gets watered down. if they lean on american brands very hard, they hurt their own state-controlled companies. carol: in the economics section, we focus on a chinese city. jason: it is part of a massive effort by the chinese government, the bunch of high-tech zones they are creating. carol: nanjing is going head-to-head against silicon valley. cristina: this is a city that twice in history used to be china's capital, but became a runner-up to places like beijing and shanghai, but has now emerged as a new tech hub. the 156 tech dedicated special economic zones in china. jason: an

big dreams... and big plans. so how do i make the efforts of 8 employees... feel like 50? share new plans virtually? how can i download an e-file? virtual tours? zip-file? really big files? in seconds, not minutes... just like that. like everything... the answer is simple. i'll do what i've always done... dream more, dream faster, and above all... now, i'll dream gig. now more businesses, in more places, can afford to dream gig. comcast, building america's largest gig-speed network. . >>> live, coast to coast across the united states and to our viewers around the world this hour, you're watching cnn "newsroom" live from atlanta. i'm george howell with the headlines we're following for you. the u.s. president was back out on the golf course on sunday morning at his resnort scotland. mr. trump and his son eric with him. in just a few hours' time, the president leaves for a summit, historic summit with the leader of russia, vladimir putin set for helsinki finland. the meeting with the russian leader is set for monday. hamas and islamic jihadists, they have reached a ceasefire

>> big. >> will ashley wear a sleek dress or ball gown? >> ball gown. >> will you marry in paradise? >> probably not. >> these two, they say they've lived a real life together long enough to know they have what it takes to make it last. >> the "bachelor" bubble, you know, it's so romanticized. it's like a big fairytale that when you leave it it's like a burst in the bubble, and you're like, whoa, real life! do i like you in real life? >> yeah, yeah. where are the helicopters and the roses? what's going on? >> those two do really seem lick the real deal. >> all right, kevin. >>> here's one more couple that has people talking. pam anderson seen in russia where she's supporting her boyfriend who's playing in the final in france. she told us last month they are really in love. no, they are not engaged. >> i wonder if they're waiting until after the big game on sunday. >> could be. >> so no engagement to celebrate. >>> but there is a big birthday because richard simmons turned 70 today. we haven't seen him in public in four years but we have ne

there's a big debris field. they are interviewing the driver who was outside the truck and injured in the blast. building four will reopen. one lucky break, the tanker was almost empty on the last stop of the day. itds 45,000 gallons and was down to less than 2000. debra villalon, ktvu fox 2 news. >>> a big rig spilled gas across the eastbound lanes of the carquinez bridge just past the polls. the driver thinks he hit some debris that injured the fuel tank. hazmat cleaned up 130 gallons of fuel. and traffic was for a few hours until the all clear was given. >>> let's containing a look at the -- take a look at the highways. i would imagine not too bad. >> we have a decent commute. i'm looking around and don't see anything to give us cause for concern if you will. if you're on northbound 101 through gilroy, it should be a nice looking drive. you can see the traffic from gilroy to san jose is off to a nice start. no problems in san marin and you can see the roadwork icons. no big delays. this is a look at the bay b

with big heat. that's why we're looking at the brownouts and the "flex alerts" and things like that. i haven't seen any brownouts but concerns about brownouts and "flex alerts." these are the current temperatures. there's the sea breeze, right? there's the difference. it's cooler at the bay. there is the fog at the coast. you can see it right at the coast. that's your tomorrow forecast. it's trapped at the coast. you can see the purples encroaching to the west. there's 100s. but you see, there's a distinct line. you can see where the sea breeze gets to. but it's not going to, you know -- sacramento, woodlands, south of -- it's big heat all the way through there. a lot of population. heat advisories are nothing to sneeze at. they are the most dangerous of all weather events as far as all of life. 100 in livermore and pleasanton tomorrow. so another day tomorrow a lot like today. i think it will trend down on friday but as you see, julie said you mentioned a potential fire out in gilroy, when you get

the play put big dreams on the big screen. play a movie magazine on t.w. . assignment a clash of cultures in india. a clash between those who believe in arranged marriage and those who marry for love. but such that shaking families and society to the core. of. my father would be angry sometimes i think i'm really going to. love commandos starts july eighth on d w. three parties and german chancellor angela merkel's coalition government have agreed on measures to counter illegal migration the issue had bought the government almost to the brink of collapse because that's underway in knowledge as leader of the junior coalition populist the social democrat said that a good solution had now been reached. a former navy seal working to free the twelve boys and their soccer coach trapped in a cave in the north of thailand has died from a lack of oxygen.

that's one big area. the other big area is their private and client business. because here also they need to improve their earnings otherwise they need to cut costs even further so it's like a spiral they're caught in. and the answer to, like, the perfect storm deutsche bank was facing is first to cut costs credibly, and that he's doing very well. he's delivering on what he's promising. now the revenue line needs to get better, and the net revenue line for the second quarter, which is better than expected, needs to improve as well then the bank should be on good track. investors do still have a lot of concern and that is, of course, reflected in the low share price. even the shares now having popped last week, they're so much below where they were some years ago that many people say, listen, why should we trust a revival of those shares? for now back to you, nancy >> looking for more proof of the turnaround thank you very much. >>> elsewhere we want to look at santander results. overall integration costs and currency headwinds did weigh on santander in the seco

again and there's peace and love in the valley because people are by nature communal ok that's the big secret about life on planet earth is that rugged individualism and iran are false altruism is actually the most successful coping strategy we have as a living species on planet earth look at the other organisms the trees for example the flowers even the rocks in the stones have an inert soul that is contingent upon the network effect of. extraterrestrial ism that is imbuing every moment of every breath taken i have established here at this town. in mexico. and the indigenous people decided that politicians merely divide the people not only locally but federally they divide the people and that's what they do they also allow for all this toxic waste of the destruction of the environment in the area because of profit and that's what they didn't want them and in fact they found that when they basically banned politicians and they banned the police crime fell so i'm going to turn to this article from the united states where you see similar ingredients pants families failed at gas stations

, big big (like a lot of fireworks?) some really big onesparamedics treated him at the scene before taking him to the hospital.they were inside for a while, for like 20 mins then they took him to the hospitalover in antioch ... outside an atuo body shop the firework was on top of the debris pile and he decided to light it. a 32 year old suffered severe hand injuries after lighting fireworks he found in a dumpster, even after his brother in law urged him not to.all i hear was an explosion and i run to him and it was hecca bleeding on his hand, so i tied it up for him to stop the bleeding.he was rushed to the hospital ...the firework is going to have a lasting impact on this person's life. damaging both hands. it's possible there may even be an amputation of one handstandupofficials say even with these reports, there will be people shooting off fireworks through the weekend. and the risk of fire will increase, as its expected to be hotter and windier over the next couple days.reporting live from newark ... ali reid ... kro

hey, no big deal.'ve got a good record and liberty mutual won't hold a grudge by raising your rates over one mistake. you hear that, karen? liberty mutual doesn't hold grudges. how mature of them! for drivers with accident forgiveness, liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ connell: more now on the trade war under way between the united states and china. there is a new report out saying prices we pay for goods will be going up, economic growth may be coming down if in drags on. michael lee is here with us on a friday evening. go first on this one the idea that the trade wars are never good long term. you think this one will drag on for a while and are you worried? >> you know, i'm not worried. i would agree with the statement that trade wars are not good and tariffs are simply taxes on your own citizens. the best correlation or comparison i heard for this is similar to a labor strike. and the u.s. would b

now there's a big problem i see a big problem, it's kind of looming. next year the deficit hits a trillion dollars. now, in my opinion jack with a fully employed economy growing at 4% that is absolutely unheard of it is a very bad sign do you think investors should care about this debt bomb that's always out there in the future? >> yeah. i think that -- it's a real because i've been in this business since the mid-80s and i've had clients worry about the debt and deficits you know -- for decades and so it's one of those hand rigging things that you know is out there. you know there's an eventually reality to deal with it and then you go okay is it going to impact us for next 18 months probably not. that said -- you know economics 101 says, what you really want to do is run your budget in a countercyclical fashion and surplus when is things are going well and kind of build up a reserve and then deficits when things are going poorly to prop up the my to keep jobs in place. obviously, now with, you know, it was unprecedented to me running this kind of a de

big towns big cities and healthy more exporting problems out to the villages so they buy. or rent apartments and they put the problems there and. make hans and his wife live in the melissa palatino one of the only places to hold an immigration referendum in which the majority voted against accepting refugees that was in the late eighty's and the band has since been overturned it's a culture of orthodox cross and i bolted the day when we drove around town in france and we heard on the radio that two muslims attacked the church and assaulted firearms and that troth slaughtered a priest in an aids eighty four years i have to show from now on i said to myself why i come from my culture is this culture and we don't do things like that and we will tell you if you do them then we hate you and someday hopefully we will do something about you to stop you doing. what is someone who lived here as a neighbor there and. for example painting with jesus on a platter or you know the equivalent of like you have mom and jesus would do with alcohol which is. people on the i want what i want.