brexit and afterwards we had from jean—claudejuncker, donald tusk and angela merkel all sayinge minister, they are not open to renegotiating their withdrawal agreement. this is what donald tusk said. we look forward to working together with the next uk prime minister. we want to avoid a disorderly brexit and establish a future relationship that is as close as possible with the uk. we are open for talks when it comes to the declaration on the future uk—eu relations if the position of the united kingdom were to evolve, but the withdrawal agreement is not open for renegotiation. afterwards, donald tusk said he was worried the uk might be wasting time, but there were some member states wanting a tougher line. there was no written conclusion put out about that, and from that i think what we can take is that there is a small sort of window ajar for the next prime minister to come here and get a hearing at least. damian grammaticas, in brussels, thank you. britain now gets more of its energy from clean sources than from fossil fuels. it's the first time since the industrial revolution

to michigan's as much as concert after talking with donald tusk it's now clear to me that none of the leading candidates have been able to secure a majority in the european council and i can't see how that's going to change european council president donald tusk also seemed flustered the problems that have nothing to add to what i said yesterday and to well because i have from she quit but. i have nothing new to to communicate today. so the leadership question remains unanswered for now but this was not the only setback to emerge during the 1st summit after the e.u. parliamentary elections state leaders and governments disagree on a number of issues including climate policy which eastern european nations continue to block progress. them commercial recording climate change we unfortunately fail to reach an agreement on the goal of being carbon neutral by 2050. but not everyone was disappointed with the meetings outcome french president emanuel mccaughan seemed pleased with the political stalemate he's advocating getting rid of the leading candidate system for him the fact that none of

provisional member for one or two years in the single market and then in the interim does what donald tusk on the table which is that the u.k. then negotiates what is called plus.nada plus i do think there will be a focus on that. what does that mean for the pound? there is a clear picture that parliament will vote against the u.k. crashing out without a deal. the bad news will be discounted in the pound at about 90 against the euro. matt: bob, we want to keep you with us to discuss more about sectors. daimler'se talk about profit problems. this is bloomberg. ♪ 30 minutes into trading. crude addrade, could to its biggest gain since 2016 as the u.s. prepares to slap major new sanctions against iran. deja vu. istanbul -- the election is won by a landslide. how big of a blow is this for president erdogan? daimler dumped. the automaker issues a third profit warning in a year and puts out the press release on a sunday night. good morning and welcome to bloomberg markets, this is the european open. i am matt miller alongside anna edwards in london. into theminutes trading day. stoxx 600 -- 459 t

european council president donald tusk says eu leaders want to put the issues of trade and geopoliticalons on the table at the upcoming g20 summit in osaka, japan. at a joint news conference alongside european commissioner president jean-claude juncker, and the romanian president in up thes, tusk brought lingering issue of brexit, reaffirming the european union's position that when drawing the agreement was not open for renegotiation. look forward to working together with the next u.k. prime minister. we want to avoid a disorderly brexit and establish a future relationship that is as close

donald tusk.nsport and education. the project has been dubbed by some as the ‘manchester powerhouse' with cities like hull overlooked. new research published today shows that transport spending per head in the north has been less than half of what it is in the capital. our business correspondent, sarah corker, reports from hull. from coast—to—coast hull to liverpool the idea was to produce a powerful economy to rival london. but some business leaders are now increasingly sceptical about what difference the northern actually made. a lot of people still see the north as manchester centric. the north exist 20 miles past manchester, we are here, we are ready to do business. poor transport links are still the biggest challenge for many businesses here, especially for hauliers. we have very few arterial routes. they are clogged, they are not wide enough, traffic doesn't flow enough. if you look at the rail line, we are not electrified into hull even now with electric trains dare not come into hull. we d

the heads of government of member countries will then choose a successor to its current president donald tusk as i say nadine barber is there watching everything for us and we just see an angle americal come out of does it mean that they've actually agreed on something. not quite in fact the discussions in earnest begin with a working dinner in half an hour or so we have heard though in the last couple of hours signs of optimism from donald tusk the heads of the european council the political leaders says he wants to see the top 3 names decided upon on sunday and those 3 jobs as you outlining were head of the commission the the the executive branch replacing junk food younker the head of the european council and of course the head of the european parliament now similar optimism coming from france's president emmanuel mccall he says that there should be a decision on the 3 jobs in the next few hours he's insisting on what he calls a gender balance as well as geographical balance saying that the views of eastern european leaders must be taken into account the name on everyone's lips right now i

tensions between tehran and washington and that question was put to the head of the european council donald tusk here in brussels and he said that the that sometimes it's better not to intervene to be passive and that in history being active has been rather been the problem then being too passive over all. the he then went on to say that he urges restraints on both sides and he made clear that european diplomats are talking to both sides all right and matters in brussels thanks so much. all right let's have a look at some of the other stories making news around the world today indonesia's north and much of province at least 30 people have been killed in a fire that swept through a house that doubled as a match tree at least 3 children are among the dead millions of indonesians work in unsafe conditions in poorly regulated industries and accidents are common. chinese president xi jinping has wraps up a 2 day visit so. north korea aimed at boosting ties between the 2 countries provided a lavish welcome for g.e. who is the 1st chinese leader to visit north korea in 4 seanie is china is north korea'

groups and the different political groups and between the different member states, facilitated by donald tusknd then we will have another european council meeting onjune 30. in the meantime, of course, they are focusing on the possibility of a no deal brexit. how prepared are the 26th for that eventuality? the preparations for a nodal brexit have been going on for many months already. and the commission has been quite transparent in showing how these preparations are going along and urging member states to take preparation seriously. that is on both sides. you see that preparations are going on gone next to the political call for further negotiations and to see if they no deal brexit can be avoided. here in the uk, of course, there is a lot of attention and focus on who will be the next prime minister. the showdown that we had between boris johnson and jeremy hunt for that role. what is the likely reaction to that whole showdown going to be? the official reaction is as in the past two weeks that the eu leaders welcome a new prime minister look forward to working with them. and they will then

but with the clock ticking donald tusk says he needs more time to talk to leaders individually.to be in place before meps take their seats in july. in cricket, england has reignited their world cup campaign defeating india by 31 runs, at edgbaston. india still need to win one of their next two games to go through to the semi finals. there'll be much more on that story coming up in sport today in about half an hour's time. this footage is of an indian air force jet suffering engine failure shortly after take off. it's because of an apparent collision with a flock of birds. the pilot released the aircraft's fuel tanks and bomb pods in an effort to avoid a crash. he's been praised for averting a major disaster. returning to our top story, president trump has made history by becoming the first sitting us president to cross into north korea. with me is andray abrahamian from stanford university's shorenstein asia—pacific research center. thank you forjoining us. we have already had north korean estate media reporting about this. it is quite a big response. how will it be received by

nation state that the other countries are to an extent ignoring the negativity that has come from donald tusk of the european union and also the negativity of my outgoing prime minister trees in may so i think there's a lot of positives here engagement and for once i think we might see some real excitement for the future yeah that's the point the significance of something the last thing here how likely do you think that any progress will be made for instance in reducing trade tensions because that was the overriding factor coming that it's essentially a country in the increasing emergence of protectionist economic policy. well donald trump has sent out a very clear statement to the world since he came to power and that was the existing regimes we're not going to stand he's already challenged the chinese and he's challenged the european union he's dealt with immigration on mexico and i think we won't come out with a very clear conclusion other than with donald trump and the chinese he will say that we're moving towards some form of agreement and i think you can see that in the international mo

obsolete he could easily have said no of course it's not the president of the european council donald tusk did exactly that when he was asked he said that liberalism represents freedom economic freedom social freedom political freedom and that if you reject liberalism you were ject all of those things donald trump in his press conference when offered the opportunity to defend liberalism didn't i thought that was very very interesting. all right andy thomas live for us there in our stock so as we mentioned the murder of saudi journalist your mouth was raised at the g. 20 summit to u.s. president trump saying the killing was in his words a horrible event he says he raised the issue with saudi arabia's crown prince but insisted no one was pointing the finger of blame at him over the murder jim attaché al has more from. initially u.s. president donald trump trolls not to speak about the case of meredith how the journalist when he was meeting with the saudi crown prince mohammed bin sultan at a working breakfast on saturday in or sokka he was asked 3 separate times about the case of the murdere

muncher became if we don't get tough others will get tougher you remember scuse me donald tusk of the summit some may think i'm too tough in my proposals on migration but trust me if we don't agree on them then you will see some really tough proposals from some really tough guys so you shift it for the right deal you shift around here talking to me like i'm the spokesperson of the european union and i'm not i'm not talking to you and i'm not what you are part of the european yes party yes it went along with these things we stand up for fundamental rights for human rights we want to share main rule based common european asylum and migration policy some member states don't want it and european union is done about coalitions and compromise your people start to does party did not have much already and during last monday it. and we don't have a for the ration the member states can block can hinder cannot implement and legislations that i really important for europe are blocked at the moment in the council if you accept that the council moved to the right that the airlines beat the populace

donald tusk has suspended tonight's eu summit to select candidates for the top jobs and it will resumeidual leaders, but it's not clear when that might be. the meeting was supposed to start tonight as the eu looks find successors for roles, including the commission chief jean—claude juncker. it's thought that right leaning parties are resisting a move to nominate centre—left frans timmermans for mrjuncker‘s role. authorities in sudan say 7 people have been killed and 181 injured during demonstrations against the country's military government. police fired tear gas at protesters in the capital, khartoum. it's the first day of mass protests since the security forces killed dozens of demonstrators calling for civilian rule earlier this month. sudan has been in turmoil since the military ousted president 0mar al—bashir in april. the bodies of oscar and valeria martinez, the father and daughter from el salvador who drowned while trying to enter the united states, have been returned home. the picture of them lying face down in the rio grande, published around the world, highlighted again the

president of the eu commisison, and some of the other big roles available, like the replacement for donald tusk. we will have more on those stories later in our news briefing. in the united states, a self—help guru accused of leading a sex cult that enslaved women has been found guilty on all charges. keith raniere founded an organisation called invm, which claimed to offer seminars for self—empowerment. but the court heard he manipulated and abused female members of the group. here's our north american correspondent peter bowes. the is finally over. the end of a long ordeal, prosecutors described asa long ordeal, prosecutors described as a modern day svengali. moments ago in the eastern district of new york they return verdicts rejecting keith raniere on all counts of his federal indictment. akrotiri started in 2003, supposedly a self—help group that sought to empower people in their daily lives. but the reality was very different. prosecutors that it was a cover for an organisation that enslaved women. during the trial that lasted just over six weeks, keith raniere was accused of a string of

such as the european commission presidentjean—claude juncker and the president of the eu council donald tuskk was taking a back—seat on who gets the senior roles. the uk supports president tusk‘s approach to create a package of candidates across the top jobs which reflect the diversity of the european union. as there was no consensus on candidates at this meeting, the council agreed to meet again after the g20 this coming sunday, as well as holding further discussions with the european parliament. so, mr speaker, while i had originally anticipated that this would be my final european council as prime minister, i will in fact have one more. laughter. finally... finally, mr speaker... finally, mr speaker, president tusk and presidentjuncker updated the remaining 27 member states on brexit. this scheduled update was part of the agreement i reached in april to extend the article 50 deadline for our departure from the eu to the 31st of october. the council repeated its desire to avoid a disorderly brexit and committed to work constructively with my successor as prime minister. the labour leader w

yes but of course when donald tusk in the people of the european union said that that was before the break suppose he really came into existence and i think one of the many things you could you can say about nigel farage in the brics it part is that it's a measure of its success in the short time it's been around that its failure to actually win in pisa burner last night is now being seen as something of a failure it is it is that that the messaging is so over incredibly simple bricks it now and worry about everything else as genocide is very alluring for people one of the problems i think the brics the party had in peterborough is that he just doesn't have any data and so the labor party was able to send loads of activist team and target specific specific blocks of voters and get out them whereas the party sent outs of his in and they didn't quite know who to go for but they still run the labor party incredibly close and there's a poll out today for the times newspaper here that suggests that in sums of general westminster voting intentions the party is in the lead on 26 percent and

donald tusk was quick to respond to that but you know today we've been covering a story about that the right wing government in a city refusing to allow a ship with migrants and refugees to dock when you look at what is happening in europe president putin has a point when he when he cites the rise of nationalism and populism and the impact that it's having yes but you know what's ironic and i think the financial times article of this interview with with putin you know it's exactly what i think the populist nationalist right wing agenda proposes i mean it is clear that russia and putin very much supports this ideology and i think he may say that there is a challenge or frankly he may say that populism exists but one of the things that he's not mentioning is how frankly he's supported he's funded clearly i think any and italy has some. oh apologies for that technical problem there but that was that mani a senior fellow at the center for international governance and innovation speaking to us of course we did mention that boat full of migrants and refugees that are currently stranded at se

by the parliament over the next eight he or nine days leading up to another summit next weekend, donald tuskthe president of the eu council, he will be trying to consider all these options open to him listen to what the leaders have to say, and try by next sunday to come up with a consensus so by the time the parliament begins a new session with a fresh-faced set of meps, there will be someone put forward by the council for xhig president a commission president and some other top jobs that the parliament can approve >> willem, thank you for that. from leadership to the european commission to leadership of the uk boris johnson and jeremy hunt will go head to head to become the next prime minister. hunt edged out michael gove in the final ballot johnson is the overwhelming favorite to succeed theresa may. the former london mayor is committed to leaving the eu with or without a deal on october 31st chancellor philip hammond spoke out about a no-deal brexit he warned the scenario would permanently harm the economy >> a damaging no-deal brexit would cause short-term disruption to our economy, soa

to osaka of the g. 20 summit under way of the world leaders are gathering for dinner including donald tusk the president of the european council and just introducing the prime minister of canada. you're watching our desire i'm still running a reminder of our top stories u.s. president donald trump has made a lighthearted reference about russian interference in his election the g. 20 summit in japan to be asked by reporters about the issue told putin twice to not interfere in the 2020 vote and in the past hour putin is also met outgoing u.k. prime minister trees in may it's their 1st formal meeting since the poisoning of a former russian spies i guess cripple and his daughter in the historic town of salzburg which led to mass expulsions of russian diplomats putin says the incident is an issue between intelligence agencies. and iran has warmed to friday's meeting in vienna with the remaining signatories to the 2050 nuclear deal will be the last chance to save the pact to iran is threatening to expand its uranium enrichment program beyond the limits of the agreement due to rising tension with

european counsel president donald tusk urging restraint on both sides and those heightened risks helpingrgy names but separately, macro trend worries continue to weigh on a number of european tech names. uk-based chipmaker cutting its 2019 revenue guidance, citing the impact of the u.s. ban on huawei, the apple supplier sai the restrictions caused order delays and forced several of its customers to slash their investments. now, iqe has lost nearly a quarter of its value today, pressuring shares of other european chipmakers including als, dialogue semia and infe on >>> here's what's happening at this hour. chinese president xi departing north korea, concluding his first state visit to that country. it was the first visit to north korea by a chinese president in 14 years earlier, accompanied by kim jong-un and their wives, he laid a wreath at a memorial to chinese soldiers killed in the 1950 korean war. >>> the u.s. special representative for iran, brian hook, met with saudi arabia's deputy defense minister in riyadh the minister affirmed saudi support for maximum u.s. pressure on iran and

they need a replacement for donald tusk as the president of the european council, new president of the of the european central bank. all of the jobs are becoming va ca nt bank. all of the jobs are becoming vacant at roughly the same time. there is a lot of compromising going on because they want to balance geography, they countries with small countries, older countries with newer numbers, men and women and also party politics, between the right, left, the liberals and the greens. that haggling is proving very difficult. one thing that proves that, the start of the summit has been delayed by over one hour. never usually a good sign. i gather they are even preparing breakfast in the talks go on that long. ijust wonder what effect this has on the talks were brexit. i think it will have a little effect on brexit. that is because the people that have really been in the driving seat of the brexit process and the eu side are the leaders. they came together and wrote a blue print as the process should unfold, two days after the referendum in 2016 and has stuck to that test religiously since th

respond to that what did he make of that he had an opportunity there to embrace liberalism as indeed donald tusk had done on friday saying that liberalism represented freedom it represented important economic freedoms and social freedoms donald trump did not do that i thought that was a very very significant moment because of it will be please that there is the communique a tool there was always a risk that one or other country wouldn't agree to a general statements of fairly bland comments about what they hope for for the world economy one interesting part of this communique though are 2 completely contradictory paragraphs when it comes to climate change 19 leaders agreeing that paris commitments need to be met that was a very significant risk to the world's environment and that needs to be front and center and then the paragraph immediately afterwards clearly written by the u.s. delegation saying that the u.s. maintains that it's not going to join paris because it would be a threat to its economy and that the u.s. was doing enough on the environment without having to embrace paris clearly the

at the end of the summit tomorrow lunchtime and it will be an update on the state of play from donald tusk eu contingency plans in case there is no deal on the deadline on the 31st of october and there‘s a lot of other business for the leaders to get through before they get to that point. this afternoon they will discuss climate change and whether the eu should collectively have that target being carbon neutral by 2015 and nearly every single country is in favour of that but there are some big important holdouts and we are waiting to see what the final communique says and whether they go explicitly for the target or a aim without signing up and then the big show is tonight, the dinner where all 28 leaders including theresa may will talk about the process for nominating the eu topjobs. there are about to be vacancies for president of the european commission, president of the european council, who chairs the summit, president of the european central bank, president of the european parliament and the higher representative, the foreign policy chief. varying things have to be balanced like geog

discussion about brexit at the very end at lunchtime and we think it will be a generic statement from donald tuskbrexit, sticking to the eu red lines and the fa ct sticking to the eu red lines and the fact that withdrawal agreement cannot be reopened but we will also see a nod to the hand of friendship being extended to the new british prime minister. i suspect the eu will want to avoid getting involved in the tory leadership race. that is not really their style but one of the things they will be looking for is, do any of the leaders intervene in that quite short discussion and what do the interventions actually mean and reveal about how they think things are heading. adam, thank you very much. a chess game indeed. a pioneering new treatment for blood cancer has been made available on the nhs for the first time. car t therapy works by genetically modifying a patient‘s white blood cells so that their immune system can fight the cancer. doctors at king's college hospital in london say it does not work for everyone, but can cure some terminally ill patients. here's our health and science corresponde

european council president donald tusk says the leaders want to put the issues of trade and geopolitical tensions on the table at the upcoming g20 summit in osaka. at a joint news conference alongside european commissioner president jean-claude juncker as, hemanian president han brought up the issue of brexit. the withdrawal of agreement open for be renegotiation. >> we look forward to working together with the next u.k. prime minister. we want to avoid the dissolving of brexit and establish a future relationship and stay as close as possible with the u.k. -europe relations [inaudible] mark: comments came after european union leaders held a two-day summit in which they failed to reach a deal on candidates for the blocks top jobs. vice president and has postponed his speech planned for monday criticizing china's human rights record. the vice president says he and president trump decided the speech should be delivered after mr. trump and chinese president xi discuss trade on the sidelines of next week's g20 meeting in japan. president trump has repeatedly threatened additional trade tariff

it is amazing, at the last eu summit donald tusk told people not to waste this six—month extension andtalking about michael gove post mike occasional drug use 20 years ago. whoever wednesday's crisis will be thrown into the most extraordinary situation where they will have a few short weeks to get a brexit deal through parliament, which looks impossible or get a new brexit deal out of the eu which also looks impossible. all the talk about raising taxes or lowering taxes, he has done this or that in the past is a sideshow as to what will matter for this new prime minister who will be in for this new prime minister who will beina for this new prime minister who will be in a situation worse then you can think of in recent memory. thank you very much forjoining us. we will be watching this closely from brussels, they must be wondering what to make of this? i was then that islam are on friday with michel barnier at a security conference. —— i was in bratislava. it is clear nothing much has changed from his point of view. whoever is chosen as the british leader, you mean? yes, whoever comes

think it will be an update on where we have got to from the president of the european council, donald tuskude juncker will give an update on the eu's planning for no deal. diplomats anna bassett is wonder if one or two of the eu leaders will have their say on how the tory leadership raises looking at what that might mean for the brexit process in the next few months. in terms of whether the eu has a favourite, they are being very diplomatic and not making any public comments. though the working assumption here in brussels is that borisjohnson will be prime minister, because he is so popular with mps and even more popular, it seems, with party members. so now they are trying to work out where he stands, what his position will be, to his advisers will be, and whether he really means that when he says the uk will leave on the 31st of 0ctober, deal or no deal. they suspect is softening his position that a bit double eight adam, thank you very much. we will talk later. the rate at which himalayan glaciers are melting has doubled in recent years. scientists from columbia university in new york u

tomorrow lunchtime, where i think all we going to get is an update on the latest situation from donald tusks to contingency plans for a no—deal brexit from jean—claude juncker, the european president. the big moment is tomorrow night, the dinner, where we see all of that divvying up. the new personalities that will dominate the eu for the next five years. this afternoon, the summit will be dominated by discussion about climate change and whether all 28 eu countries will sign up to a pledge to be carbon neutral by 2050. the vast majority, including the uk, have given it the thumbs up, but there are still big holdouts, and there are still big holdouts, and there is a big question about whether the eu can sign up that target collectively or whether it will be an ambition, or talk of trajectory or aspiration, and that matters, because the eu will have a position to take to a big un climate summit ina position to take to a big un climate summit in a few months. thank you, adam, you can get back to grabbing a word with the top people. iran and the united states say that an american surveillance d

donald tusk says there's no lead candidate to lead the eu commission at the moment.stions over who is going to be at the next head of the ecb as well. to keep an things eye on an eye on coming out of that press conference happening right now in brussels. we will watch that for you. for now, let's get back to japan. our next guest says japan is still worthy of investor interest. joining us now is the deputy portfolio manager at antipodes partners. japan?ou go to invest in >> good question. the interesting thing about japan is that, yes, inflation is missing a so-called 2% target. the previous figure, where did it come from? look for they are going. one of the key interesting things from our point of view in japan has been that corporate has been very open to talk to shareholders, engage behind the doors. seeingent banks are great opportunity for japanese corporate's to restructure. sony up the moment is in discussion about being -- breaking it up, the parts are worth more than putting it together. we like another business called honda motors. has fantastic leadership

we are looking at pictures of donald tusk what jean claude juncker. -- with jean claude juncker.idates that were favored to have the top jobs of the e.u. were ruled out. they will talk about europe's economy showing signs of stabilizing, plenty more on that throughout the day. this is bloomberg. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. ♪ >> we are monitoring that closely, and we will act as appropriate to sustain expansion. alix: vice chair rich clara says ita says -- richard clar the case has increased. analysts start to question a sub 1% 10 year. trump's you turn on iran. the president ordering a strike on iran, than calling it off. david: welcome to "bloomberg this friday,