the u.s., but over here in europe, here's a data check for you. stoxx 600 pretty flat this hour. fourth of july low volumes waiting for payroll data from tomorrow. outperforming. yields areyear certainly worth talking about. yields have dropped below the 0.4 level, below the ecb's deposit rate. we've got gold still acting as a haven above $1400. the dollar index not moving all that much. president trump doesn't like the strength of the dollar. we will talk about that. wti not reacting positively to the production cuts extended by opec. let's take a big picture look at what is going on in these markets now. the u.s. stock market closed for trading for the july 4 holiday. in europe, equities continue little changed while investors search for direction and await u.s. jobs data. we are joined now by paul markham. very good morning -- afternoon, in fact, here in london. valentin, let's come to you first. >> it does feel like risk off is back on. currencies are outperforming low yield or's. it remai

u.s. exports and concerns about energy relations with china and russia. the hearing was held by the senate energy and natural resources committee. manufacturers and residential consumers alike. we have such a massive resource base that we can send substantial volumes abroad. we're now leading the world in natural gas production. hopefully soon we'll also lead in exports. a few of those experts are here to tell us what is driving these trends, where they may be headed and how u.s. l and g fits into the equation. i use this term quite frequently but i hope we're going to hear some ideas this morning on how to make our exports even more competiti competitive. i'm particularly excited coming from alaska about the role my state can play. t furk has just released the draft for the alaska project, has great opportunity to move some tremendous reserves of gas on the north slope to market. it's a pretty important milestone for us in the federal permitting process and we continue to recognize that a

u.s. natural gas exports of the economic benefits as well as concerns in international markets including energy relations with china and russia. the senate energy and natural resources committee held this hearing. >> morning everyone the committee will come to order, we are meeting this morning to examine the evolving global natural gas markets, the increasingly important role of u.s. liquefied natural gas as well as the competitive outlook for elegy. america natural gas production has literally change the game, we say that a lot around here about that, but, it has been a game changer. our production has started to the levels that many never even thought possible a decade ago. this in turn is boosting our economy as well as our national security. it is providing a long-term low- cost low emissions source of energy for our manufacturers and residential consumers alike. we have such a massive resource base and that we can send substantial values abroad. we are now leading the world and natur

the list of possible u.s. sanctions range in service and include cutting turkey off from american and international loans preventing its transactions on foreign exchanges and targeting turkish banks businesses and executives took a series of tools the russian system because that's for hundreds were more sophisticated and cheaper among other reasons the system is expected to be operational by october during last month's g 20 summit in japan u.s. present donald trump said it was the obama administration that refused to deliver american patriot missile security and that was unfair presence our don says trump has now promised not to impose sanctions on tricky but it is unclear whether trump will be able to persuade congress to do the same scene and go solo al-jazeera stumble and al-jazeera as alan fischer has more now on the u.s. reaction from washington. donald trump said at the g 20 in or sachar that he didn't think the u.s. would impose sanctions on turkey if they went ahead with the part just the understood wh

the u.s.ate market trading, we did see the sentiment recovery as president trump said he recently spoke to chinese president xi jinping. the s&p 500 fell three chance of 1%. the nasdaq down a quarter of a percent. interesting to see small caps outperformed large-cap sweet the dollar held near a two month high. u.s. futures gaining 1/10 of 1%. let's see how we are setting up for the asian open. paul: new zealand has been trading for a couple of minutes now. not a lot of action across the terminal at the moment. the index looking kind of flat. futures out of australia also looking at little weak. the ask hit a record high on tuesday. we do have second quarter cpi numbers out of australia later on. a data heavy day. nikkei futures higher by 1/5 of 1%. keep an eye on -- it slide tuesday afternoon on news of bad loans. mitsubishi, ufj reporting todayk, futures a little weaker as well. samsung is a big one we are watching out for. we will also have korea and doctoral production numbers -- industrial

the u.s. is urging japan and south korea to resolve their trade differences amid fears it could spiral out of control. the white house is calling for what it calls a standstill agreement to give tokyo and seoul time to negotiate a wider deal. the comments and comparative silence -- ends weeks of compared of silence from the u.s. during which japan thought it could bring u.s. on its side. global news 24 hours a day and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. president trump is lashing out of china again as trade talks resume in shanghai. bashing beijing for what he says is an unwillingness to buy american farm products. tweeting china continues to rip off the u.s. and is morning china will get a worse deal after reelection next year. let's bring in a senior editor. excitations are low going into trade negotiations this week. the president not making matters better just upping the pressure on beijing. >> yes, i think the pr

he u.s. pulled out last year. iran has reached low-level limits. and is moving toward weapons grade material soon. >> we will take the next step. if you want to express regret, do it now. our advice to europe and the u.s. is to go back to the negotiating table. to respecting the resolutions of the un security council. all of us can abide by the nuclear deal. >> global meadows, 24 hours a day -- news, 24 hours a day. this is bloomberg. >> u.s. and chinese officials set to resume trade talks in the coming weeks. >> i don't know precisely when. they are on the phone. schedulinge face-to-face meetings. lots of communications. china's bring in our correspondent selina wang. what is the significance of this? what do we know? >> it provides detail how the countries are going to proceed with talks. sayingy upbeat tone, this is not actually trade war this is just a dispute both countries have. thoughing said, even trump and xi did reach this sort key differences do remain including the enforcement mea

heard that the u.s. china will have face-to-face talks on monday, according to bloomberg reporting. of thesie dollar is one underperformers in terms of g10 currencies. falling after westpac said the central bank may cut rates as soon as october. in terms of the dollar, you seen strength over the past couple days. part of that was down to that debt ceiling deal. the imf cutting its growth outlook but updating the u.s. slightly. nasdaq futures taking a hit. u.s. antitrust foot -- pro-feeding into that. wti on the front foot. the trade tension is something to do with that. cable is steady after three days of losses. a new prime minister in the u.k. in the form of boris johnson. let's get the bloomberg business flash. tradingche bank's revenue has missed estimates. they are reporting a second-quarter net loss of over 3 billion euros. the bank previously announced plans to cut 18,000 jobs and shrink the balance sheet by exiting equity trading. they announced its 2019 revenue coming lower than last year. agree

u.s. liquefied natural gas as well as the competitive outlook for elegy. america natural gas production has literally change the game, we say that a lot around here about that, but, it has been a game changer. our production has started to the levels that many never even thought possible a decade ago. this in turn is boosting our economy as well as our national security. it is providing a long-term low- cost low emissions source of energy for our manufacturers and residential consumers alike. we have such a massive resource base and that we can send substantial values abroad. we are now leading the world and natural gas production, hopefully soon we will also lead in exports. mobile demand for lng, we know is increasing. more u.s. lng export facilities are coming online and more of our friends and allies around the world are building import facilities. for the first time since the 1950s we are now a net exporter of this abundant resource and our production is driving the formation of a glo

u.s.ariffs. business surveys suggest rising stress among small and medium-sized enterprises with the government expected to offer more support. bloomberg intelligence says market sentiments improved towards the end of the month after the u.s. and china reached a trade truce at the g-20. president trump is insisting he has not given up his campaign to put a citizenship question on the u.s. census form despite hadrts his administration dropped the issue after the supreme court ruled against it. he tweeted that any news of the commerce department abandoning andquestion are fake insists the administration is moving forward with the plan. under one million people have been told to seek safety as torrential rain continues to batter the japanese island of .iyoshi the government may issue an emergency warning only used for severe events that occur once in decades. the storm is expected to drop as much as 35 centimeters of rain in the coming hours. global news 24 hours a day on air and at tictoc on

in u.s.ess, equities and rates will be heavily affected, but the cuts are likely to extend beyond that. corporate finance could be a target, and more parts of fixed income trading. sewing is a big fan of action bank, so that may be a part that it is sort of exempted from those cuts. anna: thanks very much. let's get back to our guests, ghadir cooper from barings and john stoltz swiss from oppenheimer -- and john stoltzfus from oppenheimer. in general, european banks pulling away from u.s. operations you see as a trend. ghadir: i think what we haven't seen in the u.s. -- i'm sorry, what we saw in the u.s. after the financial crisis, the banks to be able tolves compete going forward, they have been able to get themselves into a footing where they can go and do business in a way that gets them the right outlook knowing forward on return on equity. bank try a lote of things before they got to this thing. anna: under a lot of ceos. ghadir: that is also true. they try to do something now that is ac

the u.s. china trade talks. the boj expected to downgrade some projections as well as lower inflation forecasts. pmi datapanese flash and earning seasons taking off in earnest with names reporting in south korea. of updates from aussie companies. 64.4.lia's flash pmi, >> think you very much. let's check in the first word news. on the first word news. >> the u.s. justice department looking at whether companies are harming competition. they will express -- address concerns people have expressed about social media and online retailers. it is the latest sign of official scrutiny by washington. facebook and google parent alphabet fell. warningbusiness is incoming prime minister boris johnson he must avoid leaving the european union without a deal. he will enter 10 downing street reiterating his pledge to leave by the end of october,, whether october, whether or not a deal is in place. >> today at this pivotable in our history, we have to reconcile two sets of instincts. between the desire for frien

the u.s. edging lower here. it is up about .6%. david: you don't see it here, we may talk about it today. beef imports in china are reaching a record after what has been happening with the african swine flu. a top story is the imf. lowering its global growth the of and the expected u.s./china trade talks. hays,g us now is kathleen our global economics and policy editor out of new york, and air china correspondent and coanchor, tom mackenzie in beijing. to the according sources, we hear lighthizer is headed to shanghai for head to head trade talks. what can we expect this time around? tom: they have been having phone calls, at least 2 sets of phone calls that have led up to the meeting we are expecting. face-to-face meeting in shanghai between monday and wednesday. from the u.s. side, it will be led by robert lighthizer. as you mentioned on the chinese side, the commerce minister, something of a hardliner when it comes to trade talks. we are not expecting any major breakthroughs. that has been

in the long-term, this is very detrimental to the u.s. text. -- u.s. tech sector. u.s.ompanies have to think in three month increments. inna is a country thinks three year, 10 year national plans. i think that is a challenge we and as silicon valley, technology sector. emily: we will talk about this little bit later in the show. bloombergs max chafkin, thank you. ventures, youue are staying with us. elon musk can't stay off of twitter. what he is tweeting about now in terms of production numbers, next. this is bloomberg. ♪ tweet abouton musk tesla production, he says he plans to produce 1000 solar roofs per week by years end. on problem is, musk's tweets production numbers need preapproval for his deal with regulators. that quarter profits missed estimates for nintendo. operating incomes fell about 10%. full-year forecast unchanged. apples investor call currently underway. ceo tim cook given a glowing review of how wearable devices fared in the second quarter. more on apple, coming up next. quartersolutely blowout for wearables. accelerating growth of over 50% and a new

the u.s. says it's working to form a military coalition to protect shipping waters off the coast of iran and yemen. hello i'm daryn jordan this is live from doha also coming up a diplomatic route between the u.k. and the u.s. continues president from calls the british prime minister foolish and labels ambassador stupid. china demands the u.s. immediately counsellor $2200000000.00 sale to taiwan. on the internet finally get switched back on in savannah month after the military crackdown that killed more than $100.00 people. the u.s. says it's attempting to form a military coalition to protect shipping off the coast of iran and yemen the trumpet ministration has blamed terror and on its proxies for several attacks on tankers in the gulf in the past few months a 5th of the world's oil is traded through the area only a commander in iran has revolutionary guard issued a new threat against u.s. bases and aircraft carriers stationed in the region saying they'd be destroyed if they made a mistake you

u.s. politicians vote overwhelmingly for a bill that would sanction those responsible for the murder of saudi journalist tamara shoji plus. i've been vilified. alleged to be. the killing of. corrupt. former south african president jacob zuma denies corruption allegations against him and says he's a victim of conspiracy. at 1st for democratic u.s. congresswoman have responded sharply to attacks by president donald trump on their patriotism and citizenship they are among the highest profile members of the new house of representatives or for reacted strongly to trump's tweets comments. as we all know the recent tweets and words from the president are simply a continuation of his racist is you know phobic playbook we cannot allow these hateful actions by the president to distract us from the critical work to hold this administration accountable to the inhumane conditions at the border that is separating children from their loved ones and caging them up in the legal horrific conditions. well tr

details from the u.s. to we will get that story. u.s.quity yen and futures and treasuries a little bit. dollar andge in the the trading day. let's look at the other side of the gmm. possibly just wrapping off the list. debt, aite for italian result of what we have seen from the italian government putting with your world. by markets reacted. commodities lapped up some of the waste on those yesterday in overts and with iron ore one hundred $20, the market is causing and we see weakness coming through and commodities and oil prices in focus because of the meeting and siena. let's get an update for you with annabelle in hong kong. china would scrap ownership limits one year earlier than land according to the premier speaking at the world economic foreign -- form. -- for him. they will be allowed by 2020. the next round of trade talks between the u.s. and china is underway. according to president donald trump, ending the stalemate between the two countries, washington announcing it would new tax on imposing a as talks restart. president trump

a quick check on u.s. markets. two hours into the u.s.ding s&p stillow is lower, off 3/10 of 1%, nasdaq leading the losses. slowing sales into the full year, given some of the trade tensions with china. -- the vix, ithat call that unchanged. i will call this lower, weaker, but not panicky. guy: europe looks a little worse. it certainly does on the continent. the dax down 2.1%. there are individual stock stories in their hurting the dax. downsideding sharply -- that is the monsanto roundup story. more gloom out of the aviation sector. the london market only down four of 1%, but, -- 4/10 the pound is kind of rescuing the british stock market. ♪ guy: 30 seconds to go until the end of regular trading in europe. a bright red trading story on the continent. mib down.ftse nordic markets down. the london market faring better. let me show you why. the reason is the british pound continues to fall -- this is a one-week chart of the pound versus the dollar. a similar story when it comes to the euro. a sharp move lower as we price and the possibility

the u.s. could hit europe with more tariffs and here's a hint, it has to do with a big old jet airliner >>> opec agreeing to extend production cuts. up next, key meetings between the cartel and russia. >>> plus nike is pulling a sneaker featuring an early american flag after colin kaepernick complained. those details coming up. it's tuesday, july 2, 2019, "worldwide exchange" begins right now. ♪ >>> good morning welcome to "worldwide exchange." i'm dominic chu. brian sullivan is reporting from opec in vienna we'll hear from him in a moment. first let's get you up to speed on what's happening with the markets. futures pointing to a modestly lower open right now if these futures losses hold into the start of regular trading, the dow would be off by 52 points. the s&p down by 5. the nasdaq down by 23. treasury he yieyields also in fa global yields take a leg lower the ten-year 2.01% here. two-year note yields, 1.77%. let's go worldwide asian trade probably a little bit more mixed the nikkei in ja

between iran and the u.s. . the u.s. president says once again attack the british prime minister the u.k. ambassador in washington after the publication of leaked diplomatic cables which sharply criticized the white house branded series of may fullish called british diplomat kim derek very stupid and wacky guy. the u.a.e. appears to be withdrawing some of its forces from yemen that's according to media reports quoting senior amorality officials describing it as a redeployment and insist they remain committed to the saudi led coalition fighting the rebels in 2015 the rebels are calling for a full withdrawal though jamal a shell has more. after 4 years of fighting reports say the emirates are reducing their troop numbers to pave the way for what they're calling a strategic redeployment plan in yemen the 4th using those opposed to the u.a.e. saudi war say it's a withdrawal a sign that the 2 countries are losing the war in reality it's difficult to know the exact reason behind the troop withdrawal 4 years since the war began

u.s. lawmakers grill a top facebook executive over the company's plan to leave for a crypto currency. if the tech giant can't convince washington to trust it what are the odds it can sway regulators around the world. also on the show the good times continue for 2 top u.s. investment banks reported solid earnings but it's not all positive news on wall street. and a new space race is preparing for liftoff and a german firm stand to profit from nations and companies lofty ambitions. this is your business report i'm stephen beard's in berlin thanks for joining us facebook executive david marcus told the new york times last month that the company's new cryptocurrency libra could be quote a profound change for the entire world and quote on tuesday markets delivered a much more subdued message to u.s. lawmakers libra wouldn't threaten the current monetary system and it wouldn't seek to replace sovereign currencies senators were skeptical to say the least take a look. ahead to facebook's leave or

buthe u.s.decision to take away the program sets the afghans back but i don't think we have been transparent enough to say that isn't a result of the afghans but it's a position which we need to be transparent about that ticket that political will and commitment. it's to understand what our decisions do. to show them progress over time we also need to talk about in the u.s. military you are not going to have a lieutenant colonel or colonel in five to ten years so we are starting to see now is this next generation of the nato advised forces coming in to the fold to the positions and they are highlighted as the good news stories so i think we are starting to have some highlights we can show that say this is the outcome of long-term security, but i would argue that the new generation still it's too early to judge completely as far as the ability to do something. >> if i could add to that. if you read the report, the common refrain is to be honest to the taxpayer and more honest congress as to the l

u.s. he is warning china wants a deal, but he has the final say. >> china is dying to make a deal with me. whether or not i will do it, it is up to me, not them. rishaad: let's go to tom mackenzie in shenzhen. do donald trump's tweets throw something in the works for these trade talks? were expectations so low in the first place that they don't matter? tom: we have seen this movie before from trump, throwing a tweet or commentary curveball into the mix. i don't know if it impacts what will happen behind closed doors in shanghai in the guest house. those talks are underway between lighthizer and mnuchin, the treasury secretary and trade official from the u.s. on the chinese side, the vice premier and the commerce team.er and their those conversations will continue. they had dinner last night at a hotel. of course, the gap between the sides is wide. we had commentary saying the u.s. needs to make concessions that both sides need to come together in order to forge some kind of an agreement on

the u.s. threatening the german concept of for example south korea japan while the u.s. wants everyone to join it's at the end of the day against china. you know this is a very important issue at the moment you know there is always a strong rhetoric coming from the u.s. in the person of donald trump but we have the world the traits trading system has changed we have global value chains companies can shift profits from one country to the other and then we have china as a very specific big global player with a state owned companies where competition is not really an issue so the europeans and the u.s. have to cooperate stronger in light of the state owned companies from china taxation is only one issue just to mention other issues like individual freedom security of data it is not very constructive sustainable if europe if if the u.s. takes steps individually having china with a completely different trading system and not basically compatible in the long run with a competition oriented trading system and we haven't even mentioned china's tech behemoths weiwei. absolutely i

in the u.s. signs that a president trump thinks he might have gone too far he told reporters that he disagrees with the ugly chanting at a campaign rally in north carolina at that event trump repeated his attack on a group of democratic congresswoman whom he branded un-american that's when the chanting started echoing racist tweets by trump the next day the u.s. leader try to distance himself from his supporters words. he stepped out confidence and in no mood to back down donald trump was heavily criticized for his racist tweets against 4 democratic congresswomen but he's doubled down on his comments suggesting they should leave the country. the suggestion for the hate filled extremists who are constantly trying to tear our country down they never do the good to say this was a hey if they don't like it a little leaves little league i. love the challenge of leaving. and then this from his supporters. here are the targets of trump's attacks 3 of the 4 women were actually born in the u.s. and around

george: i think in the u.s., the fiscal side has broken. 5% u.s. is spending roughly -- the deficit is roughly 5% of gdp. the government is spending pretty aggressively. it is a stark contrast to what's happening in europe. and when i -- and i think what bob is talking about, one of the biggest challenges is the difference between the fundamentals and the technicals. the fundamentals from our opinion would tell you that we are kind of close to trend, inflation is starting to bottom, the corporate sector is healthy. that the consumer is actually doing ok, all those things are good, strong fundamental positives. it is the negative yields externally and the excess savings that continue to flood into the u.s. that will put downward pressure on u.s. yields overall, but the drive to go dramatically lower would have to come from a big compression in spread and growth differentials between the u.s. and the rest of the world. and that is where we see some limitation. and that is where i think, that is why i think the u.s. 10-year has had a hard time breakin

u.s. china trade negotiations resume and shanghai are we heading for a breakthrough our experts now. welcome to business live from berlin i want to get jones good to have you with us it's an exist but for some big names it's also the season of bad news german chemicals company bias as it is unlikely to achieve its profit goal for this year and the reason the company says it's now facing more than $18000.00 legal cases in the united states over a herbicide that's alleged to cost can set by i gave an update on the numbers as it posted its financial figures for the 2nd quarter. has been the subject of protests around the world in recent years perhaps like life or saying it is causing by a major headache but thousands of people in the usa the effects of the chemical for them has been even worse the weight of lawsuits have fallen on bias since its $87000000.00 takeover of monsanto the maker of weed killer round up which contains life a site in the 1st handful of those cases to go to court jurie

u.s. industrial exports to avoid a war of tariffs between the e.u. and us. a welcome to do business asia want to jones berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a stick tackler stock today share prices soaring one company angy microelectronics technology jumped by more than 400 percent a so-called stock market is part of china's attempt to assert itself as a global tech leader $25.00 companies from i.t. and other sectors on listed on the new tech board which is operated by the shanghai stock exchange china has the world's 2nd biggest equity market behind the u.s. but it's been criticised for high levels of speculative activity and a lack of governance. lots to talk about and i'm happy to have a reporter cliff it couldn't here with me in the studio who knows china and has taken a closer look at this new take a market and mazing launch to the stock market what explains such success on day one well it's only 2015 that we there were

u.s. jobs market. pressure on paris. washington launches an investigation into plans to tax big tech which could mean tariffs on french goods and services. and the u.s. has just weeks to -- the task is proven near impossible. impossible.ear shery: equity markets near record highs with the s&p 500 at one point top and 3000 for the first time ever. industrialsnd weighing on the index. the focus was entirely on chairman powell's testimony in congress which suggested a july rate cut was on the table. not to mention we got the minutes from the june meeting. that also showed a dovish turn. followed that was factored into the markets in this session. of course we are not done yet. chair powell testifying again in congress tomorrow at the senate banking committee this time on thursday. and we also have the ecb minutes out not to mention u.s. inflation numbers. for the time being, asia futures -- s&p futures holding study. let's get a check of how markets in asia are shaping up. sophie: this thursd

u.s.hina trade war >>> deutsche bank shares also jump as sources tell cnbc the german lender will consider up to 20,000 job cuts as part of a major overhaul >>> and crude extends its gains after iran signs off on a saudi/russian plan to continue production cuts, but some oil ministers are unhappy the decision was made without them >> if opec wants to be alive, should decide inside opec, not to receive their instruction from outside ♪ >>> to bring you the latest numbers from the eurozone in terms of manufacturing pmi the month of june, final numbers, they have come in at 47.6 that is against the preliminary number of 47.8 and that's against the 47.7 number we saw for the final back in may remember, those numbers are the fifth straight month of contraction factory output, new orders seeming to deteriorate steeply and the bank log of work declining sharply. back in may that number 47.7 the sentiment has deteriorated with weaker demand in export markets and trade war disruption look at how eur

the u.s.he s&p 500 and nasdaq closing at record highs, the s&p with its biggest jump in three weeks, the nasdaq in five. we had twitter and alphabet leading the rally and positive results. that sent top -- tech stocks higher. this coming at a time when we had stronger-than-expected second-quarter gdp numbers. but did nothing to stop expectations at the fed. it is a busy week for earnings very and we have 160 firms on the s&p 500 reporting earnings, of this season. futures not doing much. let's see how we are setting up in asia. paul: we have the new zealand open -- we have market new zealand open, trading. futures markets also looking reasonably positive area japan looking kind of flat, futures trading out of chicago not doing a great deal. similar for the kospi, futures pointing higher by .2 5%. also important week for the bank of japan, on central bank watch and we will have more on that story later on. for now let's get to first word news. reports from london say the u.k. is stepping up pre

u.s.egulatory scrutiny in congress being felt across the market as tech stocks underperformed in today's session with the s&p 500 now holding the five-day rally. we had president trump's comments on tariffs dampening sentiments as well. tech giants took a hit. we had energy producers leading some of those declines as we continue to see the selloff in oil markets. we had u.s. bank earnings. they little bit mixed. goldman sachs managed to jump after beating the unit. we had some strong data out of the u.s. when it came to retail sales. that sent yields higher but at the same time, chair powell speaking in france about taking appropriate measures to deal with the economy. that led to the yield level being paired back a little bit. u.s. futures not doing much at the moment but let's see how we are setting up for the session in asia. sophie: midweek in asia, futures are pointing lower in sydney, seoul, and tokyo. a two-day decline. datadney, miners with the on tap and iron ore prices at a five-

keeping u.s.onductors and other equipment maker's at the forefront of the industry is really a big, a bigger national security issue than penalizing huawei. that is generally the argument that the chipmakers are making. emily: are these tech ceos asking for the ban to be lifted on all products, that the u.s. sends to huawei, or only particular supplies? i understand there has been differentiation between consumer products like computers and smartphones, and products that would be used to make huawei's 5g the quit. -- equipment. tom: the trump administration has made this delineation between products that it continues -- considers a national security threat compared with products that aren't in that category. we haven't heard from the semiconductor industry, exactly how they are making that distinction. the sense is they want to have a great deal of freedom and what they sell to huawei. they are saying a lot of what they do does not cause it to a national security threat. paul: bloomberg technology

the u.s. to recordor indices saw a highs with the s&p 500 topping 3000 for the first time. the dow gained .9%. tech in industrials leading the gains. the energy sector saw some gains as we had crude rallying on the potential impact of tropical storm bailey -- very. -- barry.\ we had producer price inflation looking -- affecting the outlook of the federal reserve. witht seeing record games the s&p 500 gaining for a second consecutive week. let's see how the markets are setting up as japan is away on holiday. sophie: investors wanted to contend with a stronger yen, which is below 1.08 against the greenback. eased theirhave earlier advance. marginally higher. could be set for another day of gains. could see another day of close -- record closes. tested as the be japan and korea spat wears on. we were expecting a cautious a data dump- await from china, economists predicting the slowest annual growth in 30 years. we have trade numbers from india and indonesia this monday. the: let's check in on fir

the u.s. national team has dominated the women's game for decades a 4th world's high school proof of that but their success in france came amid a pay dispute with their own federation headed by this man carlos caldera even during homecoming celebrations earlier this month the calls for equal pay were never far away i the players assuming the federation i think gender and pay discrimination the federation having focused on supporting the team during the tournament has now responded in an open letter code terry said it's over an 8 year period the women were paid $34100000.00 compared to $26400000.00 for the men the reason unlike the men the women get a base salary of $100000.00 per year the men have to rely on bonuses alone their core dero admits these can be larger. the women's team has constantly been more successful than the men who failed to even qualify for the last world cup they say their requests to have performance based pay the same as the man was refused in a statement their spokesper

dollars the u.s. we go to around about $4000000.00 that all sounds great until you look at what the men's well chapattis going to be in a few years time it is a staggering $440000000.00 u.s. dollars and we can hear now from the u.s. women's captain macon repeat that. it certainly should be more and i think. yeah i don't even know how to answer that question but i think there needs to be a big investment in the women's game so maybe someone like god forbid we be overpaid maybe i could just maybe i could just happen like one time in the month you know because there. is not just a voicing her opinion she has a lot of support but also the media does yeah absolutely in the been a huge number of tweets so let's just have a look at some of them we've got one twitter user who's writing the u.s. w n t doesn't deserve equal pay now they deserve more pay than the u.s. men's national team because the women have won for well cops on the mend. $10.00 the women all champions and the men get paid more for a barely qu

that the u.s. might reconsider. the u.s. has said unless iran changes its behavior there will be no rolling back of the sanctions which have been reimposed since the trumpet ministration pulled out of the iran nuclear deal last year and the u.s. has fact not only has reimposed the sanctions that have been lifted once the deal was signed back in 2015 but it has in that time imposed more sanctions both travel bans as well as economic sanctions on not just iranian persons and iranian officials they i.r.g.c. in fact but it's also imposed similar sanctions on persons and businesses and other countries thought to be assisting the iranian government and what the u.s. considers uncivil and perhaps illegal behavior we saw a new set of sanctions just on thursday aimed at 7 companies and 3 people who supposedly were helping iran obtain a nuclear material for its enrichment program so that part of what the u.s. calls its maximum pressure campaign has not abated by any stretch of the imagination and that's the view from washington thank

the u.s. and saudi arabia, and the dynamics between saudi arabia and other countries in the middle east. the middle east policy council hosted this forum. it is about two hours. >> i am pleased to welcome you to this conference. the topic today is the saudi arabia united states relationship. many of us have supported this relationship from deepening counterterrorism cooperation to championing women's rights. the challenge for each side is to reconcile cooperation, national security issues, while valueing very different systems. under the current leadership of both countries, these tensions have been brought into sharp focus. the nature of our military operation, human rights violations, addressing regional bad actors and more demand attention and likely change. these issues are ripe for review, and we are fortunate to have an experienced group of panelists today to delve into factors at play affecting the u.s. approach to saudi arabia, i relationship, and its future. today's turn to program, i

the u.s. wants china to buy more farm goods, china wants the u.s.trictions on wall way -- on huawei. and germany, chancellor angela merkel so she has been feeling good and plans to serve out her term. there has been concerns about her health. she has been seeing trembling at public events. in california, oil producers are bracing for a crackdown on drilling. kevin newsom has fired the cheap right -- the chief regulator. mexican drug lord known as el chapo has banished from his jail cell in manhattan and no one is saying where he is two days after he has been given a life sentence. his lawyers say they do not know. the marshals service will only say he is in custody. he is likely to end up at a super max prison in colorado. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am courtney donohoe. this is bloomberg. vonnie: thanks, courtney. shares of software provider my dalia are searching on their first day of trading. joining us live from the new york stock exchange

the fed alone, the u.s. fed said tariffs already in place will cost the average household in america some $800 a year. we certainly don't want an escalation. it will be a long way to go before we reach any type of agreement. within last year-and-a-half, secretary ross, secretary mnuchin publicly announced to great fanfare announced a agreement with china, only have the white house say no, that is not good enough. most recently in may, we thought we had an agreement with china and chinese felt it was not satisfactory. long ways to go. long ways to go. connell: fair enough. i'm curious on your view about this huawei situation. a lot of debate back and forth. what is huawei? now that some u.s. companies are allowed to do business wit again. that certainly helped chip-makers and the stock market. is there a needle the president can thread, where companies in the u.s. can still do business with this chinese company but huawei itself will not be able to import its equipment into the united states? or do you have t

u.s.eopens after independence day celebrations. the cash trade is less than 30 minutes away. ♪ anna: sweeping cuts. job losses at deutsche bank may go deeper than just equities and rates staff. the restructuring plan will be finalized this weekend. on hold for payrolls. analysts expect the u.s. economy to add 160,000 jobs this month after a dire report last month. will could a miss mean for the fed -- what could it mean miss for the fed? iron ore prices slump the most since 2016. keep an eye on miners at the open. less than half an hour to go until the start of the european equity trading day. we were without the u.s.. the u.s. was celebrating independence day yesterday. we are without that legacy to build on. we are waiting for the payrolls numbers, as we have been saying in our headlines. we are in a holding pattern. ftse futures suggesting in the event of downside, but review the european -- suggesting a little bit of downside. gmm. have a look at the it gives us a picture of what has b

selina: the u.s.holding off imposing sanctions on an iranian foreign minister, at least for now. the treasury had been expected to punish him as part of a wider crackdown on iran amid rising tensions in the gulf and the shooting down of an american military john. -- military drone. it is not clear if sanctions will be imposed in the future. the opec forecast says the oil market faces tougher charges. the cartel admits it is producing half of one million barrels per day as the continuing surge in u.s. shale threatens another surplus. of excess oil supplies from independent producers will grow more than twice the global anticipated demand. a powerful weather system in the gulf of mexico may put 70% of u.s. lng exports at risk. tropical storm barry is threatening facilities. american lng exports have surged with three planes coming on since december. -- plants coming on since december. president trump has abandoned his attempt to insert a question on citizenship into next year's u.s. census after being d

u.s., the s&p 500 and the nasdaq closed at record highs. the biggest jump in three weeks for the s&p 500. the biggest in five for the nasdaq. we have twitter and alphabet leading a tech rally on positive results. gains coming from stronger than expected second-quarter gdp numbers. we will see a rate cut by the fed this week. a very busy week for earnings in the u.s. we are expecting more than 160 companies to report. u.s. futures unchanged. let's see how we are setting up for asia. after a bright start, we have seen new zealand grinding steadily lower, looking kind of flat. nikkei futures, kospi futures also flat. busy week of earnings out of japan particularly. 157 companies reporting this week. twoy we will hear from among others. 1/5 other kospi will report this week. in australia, the future is looking bright. better than one quarter of 1%. bear in mind, those numbers will reset to 10 minutes before the open. let's check in on the first word news with su keenan. su: thank you. we start

the u.s. and the opportunity to pay over time and also to get paid back if our medicine doesn't work. it's early days. we'll see how many plans ultimately utilize that. here's a nice benchmark, our cell therapy is being reimbursed right now in 18 countries around the world. we have over 1,000 cancer patients treated with this so actually healthcare systems are finding value for these one-time medicines and are providing reimbursement for them >> do you have an early indication as to how receptive providers are to this five-year plan >> it's early days we have 40% of commercial lives have a letter of intent and the fact they would like to contract with us. i would expect in q3 to give more color as to which approaches different plans are using. what is exciting for us is even in the absence of contracts and policies, in almost every case thus far where a patient has been on label we have been able to get them on to this drug, so this shows there is an awareness that this is a revolutionary ther

so i hope the u.s. will not follow that. >> if there is a deal between china and the u.s., does that turn the key for risk with clients? >> i think that the china-u.s. trade tensions is one of the factors keeping clients on the sidelines. i think that we need to have a more comprehensive resolution of many aspects. ceo speakingbs with the bloomberg earlier today. to newup, snap gets bulls on its side. but will the second quarter spell midnight for the tech cinderella story? that is next. this is bloomberg. ♪ vonnie: this is "bloomberg markets." snap reported second quarter earnings today and wall street will be looking for reassurance further optimistic view on the social media company. bulls jumpingnew on the bandwagon, baha'i expectations may end up being more harm than help. sarah frier joins us from san francisco with what to expect. why should we expect something great out of q2, what did they release and that would've ignited the imagination? sarah: the biggest thing analysts are looking at this q

u.s. president donald trump delivers a speech heavy on pomp and pageantry while light on political messaging. >> together, we are part of one of the greatest stories ever told. the story of america. nejra: good morning and welcome to "bloomberg daybreak: europe." 6:00 in london and we are waiting for the u.s. jobs report. ahead of that, we've seen the 10 year yield it. to bond markets open after the celebrations. we got to 194 and our study at 1.95. futures come up .1% on u.s. equity futures. week, we hit records on the s&p 500, nasdaq, and dow. the dollar has been treading water the past few days. euro, it is continuing the uptrend since the beginning of june and all the action has been in the european bond markets. the tenure bund yield dropping briefly below the ecb's deposit rate beyond -40. the action in btp's has surprised the market in terms of the powerful rally. we've also seen greece's 10-year hit record lows. gold, there we are above $1400 an ounce. that is a point of discussion

for the u.s.financial services company capital one has revealed that the personal information of more than 100000000 people was still in during a cyber attack at risk and names addresses and phone numbers of credit card applicants in canada and the u.s. including yours truly a suspect we understand was arrested on monday capital one says the hacker exploited a weakness in its systems that's how they described it let's talk about that now here from our d.w. business stephen beard so stephen this what they're saying one person has been arrested in connection with this but this is as you correctly have said this is a case of locking the door after the horse has left the stable right in this case this is something with a person who's rested the crime is the fact that this allegedly perpetrator broke in and took these files released them but obviously more crimes can happen with all this information is out there that's the biggest concern is that it's not over for people the fact is this is the new rea

u.s. president trump had dinner with the queen trump reveled in the royal treatment traditionally reserved for a select few britain's special friends but then came the leak the whole world knows what the u.k. ambassador thinks of president trump tonight london in washington in a royal mess that special relationship is suddenly a strained strange relationship in berlin this is the day. if very good the way you feel about the ambassador and those comments that's 4 of us are in washington i think is a fine public servant has done a very good job you should look at the president tweets we're not always going to agree with each other. that the british government won't be trusted the secrets that it looks like we're on the precipice of having a prime minister. well that i've got a good relationship with the white house. also coming up italy shuts down one of europe's largest migrant centers and warns boats carrying rescued refugees no docking oh well tonight a special report on fortress your. la