and up next the facts about allianz timers. the warning signs and where to turn for help. we'll be rit ck ralph northam: being a pediatrician has taught me to listen carefully. i'm ralph northam, asked me to support an assault weapons ban and close the gun show loophole, i took on the fight. i saw what those weapons can do as an army doctor during the gulf war. now, i'm listening carefully to donald trump, and i think he's a narcissistic maniac. whatever you call him, we're not letting him bring his hate into virginia. z2e2dz z1a2z y2e2dy y1a2y mattress firmness? fortunately there's a bed where you both get what you want every night. enter sleep number and the semi-annual sale going on now. sleepiq technology tells you how well you slept and what adjustments you can make. she likes the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store. now it's our lowest price ever on our temperature balancing i8 bed, save $700. ends sunday. go to sleepnumber.com for a store near you. >>> the memories disorder program. chris is presid

neil dwane, global strategist at allianz global investors.of a mess is the u.k. in? how should i treat it? neil: i think we are in a concerning place. we have gone from being the best performing g7 to the worst, and a think we will continue to see economic difficulty. we now face arguably double political jeopardy. we have got a hung parliament. looked at the economic policies. we are not going to see anything radical because a week conservative government cannot do anything radical. a would be particularly supportive of the economy because they would require some of the us to sign the check. the u.k. looks like real trouble ahead. price?e gilts the right breakevens are appear end up bank -- and gilts here. actually, this was a vote on austerity, not brexit. hisill keep one wing of party happy by saying this and spend money as a result of that. that is probably going to mean more issuance. how, with this negative yield story in the u.k., is that dealt with? neil: i would argue we have not had any austerity on dirt phillip haven't we have been

. >> reporter: and working together we contacted allianz and it confirmed juan's denial, and they saidt the illness existed prior to the travel insurance and therefore it is not covered by the policy, but we explained that they thought that this is the very kind of situation that travel insurance is supposed to cover, and then allianz said, we are sorry if there is the a misunderstanding over what his policy covered, and as a, can, -- and as a consideration, we will refund the insurance cost of $151 and they were still disappointed that they were out the cost of the insurance. >> we thought the insurance was supposed to cover us. >> we made one more phone call, and we contacted american airlines and exes plained the unique situation, and the airline made a refund of the money they spent on the ticket. in a statement, american said they were glad to assist the family, and they wish him a speedy recovery and look forward to welcoming the entire fam loin a future american airlines fight. >> we are going to plan a tripe. >> reporter: they will go late this summer and pay for it with the ne

joining us is lucy macdonald, cio, global equities at allianz global investors.ing about what she wanted to start with. is it health care? tell me more about the bill they are trying to get through in they are trying to get through in the states. part of donald trump's plans to repeal obamacare. looks like they might have some issues, but what impact does it have on the stock markets? the health care sector has been very strong in the last couple of weeks but it's not actually to do with the health care bill as such. it's more to do with relief about pricing of drugs. that's because there has been a lea ked that's because there has been a leaked draft of a order that trump is preparing, that is much more lenient towards drug company pricing than he was saying even six months ago. that has created enormous amounts of relief in the market, so the biotech sector has been the strongest area in the last couple of weeks. we will watch and see that. it has been a complete u—turn as far as that's concerned. pointing more towards using deregulation to keep pricing under c

burns mackenzie -- burns mckinney of allianz and our own gina martin adams.paris associates. live from new york for all of our viewers worldwide, this is bloomberg." ♪ jonathan: from new york city for our viewers worldwide, you are watching bloomberg tv. i am jonathan ferro. 18 minutes away from the open. futures pretty much slams. -9 points on the dow. europe, --sessor in a stock secession in europe. the biggest losers on the stoxx 600, down 10% on the year. crude does catch a bit, up .5%. as we enter a bear market, we bounced back to $42.75. as well.hat plan out euro and sterling pretty much unchanged on the day, but the commodity currencies outperforming in line with the bounceback of crude prices as well, alix. and: american airlines qatar airways is interested in buying a 10% stake in the country valued at more than $800 million. american said it did not solicit the proposed investment and will not change the composition border management. joining us from atlanta is bloomberg's aerospace reporter michael sasso. why? michael: they have not really said yet

allianz offered a compromise.he spokesman said we're sorry if there's a misunderstanding over what was covered and as a consideration, we're issuing a refund of his premium. the barreras were pleased with their $151 refund but still disappointed and still out close to $3,000 for the airline tickets. >> we thought the insurance was supposed to cover us. >> so we made one more phone call. we contacted american airlines. when explained the barreras' unique situation, the airline made an exception and it refunded the $2,700 they spent on their tickets. in a statement, american said we were glad to assist the barrera family. we wish mr. barrera a speedy recovery and look forward to welcoming the entire family on a future flight. the barreras will try again for mexico city late this summer. they said they'll pay it with the neardly $3,000 that telemundo 48 respond and nbc bay area responds fought to return to them. >> thank you, nbc bay area responds for the help the assistance, and for making this possible. the money w

. >> working together, we contacted allianz. it confirmed juan's denial.llness that caused him to cancel the trip occurred before and is therefore not covered by the policy. we explained this is the very kind of situation travel insurance was supposed to cover. they offered a compromise. a spokesman said, we're sorry if there was a misunderstanding over what the policy covered and as a consideration are issuing a refund of his travel insurance premium. they were pleased with their $151 refund, but still disappointed and still out close to $3,000 for the airline ticket. >> we thought the insurance was supposed to cover us. >> so we made one more phone call. we contacted american airlines. when we explained the unique situation, the airline made an exception and it refunded the $2700 they spent on their tickets. in a statement american said we were glad to assist the family. we wish him a speedy recovery and look forward to welcoming the entire family on a future american airlines flight. >> actually, we are planning -- >> they will try again for mexico city

. >> reporter: working together, we contacted allianz. it confirmed juan's denial. a spokesman told us the illness existed prior to his purchase of travel insurance and therefore is not covered by his policy. we explained they believed this was the very kind of situation that travel insurance was supposed to cover. they then offered a compromise. the spokesman said, we're sorry if there was a misunderstanding over what the policy covered and as a consideration are issuing a refund of his travel insurance premium. they were pleased with their $151 refund but still disappointed and still out close to $3,000 for the airline ticket. >> we thought the insurance was supposed to cover. >> reporter: so, we made one more phone call. we contacted american airlines. when we explained the unique situation, the airline made an exception and it refunded the $2700 they spent on their tickets. in a statement, american said we were glad to assist the family. we wish him a speedy recovery and look forward to welcoming the entire family on a future american airlines flight. >> actuall

chan fromaymond allianz global investors. up next, cooling china's housing market?me of the property stopped in premarket trading. that is next. ♪ rishaad: updating that developing story out of london, where a van has collided with a number of pedestrians. these are live images coming out of north london. on the seven sisters road, police declaring this a major incident. it has just gone to: 24 in the morning in the -- 2:24 in the british capital. this is an area which is close mosque.ark and the park this incident is said to have occurred right next to that as well. these live images coming through on this developing story, where this man has collided with -- van has collided with pedestrians. police declaring this a major incident, just to reiterate. we will leave those images and keep you up to date. counting down to the start of the trading day in hong kong and china as well, looking at the premarket auction period, the 5.4% --ng session up up by .4%. now, let us have a look at what has been happening. while property itself may be incredibly popular and sent pri

we'll get to our conversation with the allianz chief executive officer.e an of the fomc decision with the former president of the richmond fed and the former minneapolis fed president. that will be a half hour later. manus: if you are bloomberg customer you can watch the show on tv on your mobile and desktop. question.k the guest there is a show producer there ready to help. anna: leaving out greece, the ecb is unlikely to include greek bonds in its next round of qe. we will discuss what is next for the cash strapped country. manus: and we continue to monitor this fire that has engulfed an entire block in west london. these are pictures from a little earlier today. eyewitnesses are claiming people are trapped in homes. it's near notting hill in the western -- in the west of london. authorities were alerted to the blaze at around 1:15 a.m. london time. this is bloomberg. ♪ anna: welcome back, this is "bloomberg daybreak: europe." you're looking at pictures from earlier on stay of a tower block engulfed in smoke and flames in west london. eyewitnesses

according to people familiar with the matter, allianz is exploring a plan to buy the shares it does notnd take euler hermes private. it hit the highest since june 2015 at one point in the session. it is up 1.9% at the moment. they have not commented on what the people familiar have been saying. the stock moving nonetheless. auto trader down almost 4.2%. one of the worst performers on the stock exits full-year revenue was a beat. adjusted profit was also a beat. it is confident of delivering growth in the coming years, but the market has seen something negative in these numbers. auto trader says it sees 2018 numbers flat to marginally down, so that is slightly negative and might be feeding into the losses here. guy: thank you very much indeed. let us get a first word news update with sebastian salek. pollingn: in the u k, stations open for the country's general election in two years. mitotal of 650 west nster mp's to be elected. you will get instant analysis of the markets as exit polls are published. in the u.s., james comey will today publicly say that donald trump pressured him for lo

andreas utermann is a chief investment officer of allianz global investment.dominance of investment. it may be facebook, netflix, amazon as well. how do these hugely successful tech companies like apple affect the asset--- active-passive debate? andreas: it is in a very significant manner. if you look at the challenge that presents, it is significant because as they grow their is -- they it represent an ever bigger part of the indices and that means you will have a significant concentration risk. it pushes an active manager to either take significant bets on these very large companies or to deviate very vividly from the index by buying mid-cap stocks that are smaller and that can lead to short and midterm volatility, which is something i think investors who invest with active managers will have to get used to. tom: if you take apple, microsoft, amazon, and facebook, it is about 10% of the s&p 500. bring up a chart. jason demanded this chart because he ordered that throw things from amazon last night. here is amazon back in 1997. for those on radio, it is the e

we caught up with neil duane of allianz a little while ago.national investor is going to say maybe the u.k. is not quite the attractive place that i would like it to be. we would probably argue that gilts have to go higher to attract capital in. jim: i do agree with that. i think it goes back to the ecb. why are those yields so low? how can bund yields rise if the thatear rate in germany is -65 basis points? it has to do with potentially raising the deposit rate to something bigger than -45 basis points. to me, that is really the key. i don't think any yields can really rise significantly when you have some of the major central banks around the world keeping yields relatively low by keeping balance sheets really large and doing qe and things like that. i always start with the ecb and i think the world is going to take its lead from that. there is only so much 10-year treasury yield or gilt yields can rise if they keep their policy the same. jonathan: the ecb holds the key to global rates. david: big shift. jamie murray, thanks so much. jim car

move that could, at least in theory, bring down rates and prevent more taxpayer losses so aig, chub, allianzs for homeowners and businesses. just this week hci announced expansion plans beyond florida to nine more states. and aig's lexington insurance unit says it has 10,000 policies and expects that to more than double in just the next year private insurers now account for an eighth of u.s. flood insurance market it was virtually zero before 2012's bigger waters act the last big attempt to revamp this market. and experts expect this to grow. it's a $3.3 billion market in terms of earned premiums about 5 million covered properties so it's not huge but it is a high growth opportunity. most interesting, it's not the low risk properties that are necessarily the most attractive to insurers, either. it's the ones where the rates, many of which had been subsidized, have already jumped so much in the last couple of years that private insurers say that they can now compete. >> this is really interesting. we're short on time but i want you to come back so we can talk more about this. because you want

conservative party will gain personally, if teresa mae is forced to go, outcome a whole lot of kittens to do allianz and it doesn't look as if there are many. >> this is the latest,he process that they do over there, sort of district by district announcing the change. let's listen. [applause] logan robin green party 823. jeffrey walker, the conservative party candidate, 13561. steven dominic winston, social democrat party, 70. totals boiled papers, 89 and i hereby declare that jerrod omara has been duly. [inaudible] >> another one who loses, a lot of establishment players are losing out in this election today. this is very surreal what happens in wave elections for this is way too soon, he had an uphill battle. let's take a listen. >> to declare the number of votes cast for each candidate is as followed. alexander johnson, conservative party, 23716. [applause] mark alan green party, 884. abeth len mp, uk independence party 1577. vincent lowe, labour party, 18682 liberal democrats, 1835. number of ballot papers rejected was 83, and i hereby declare alexander johnson is hereby elected to serve as memb