anheuser-busch and bev reports it's -- anheuser-busch inbev reported stronger-than-expected growth.the strongest paste in five years -- at the strong pace in five years. that is your bloomberg business flash. of puertoe governor rico has announced his resignation after weeks of as it struggles back from a ruinous hurricane and a bankruptcy. joining us is bloombergs michelle caskey. he had to go eventually. the incoming governor has her own issues as well. is the situation getting any better? reporter: that's part of the problem. she would be the next one in line unless something happens, maybe if the governor were to assign a secretary of state approved by august 2. that is still so up in limbo. it definitely that also be the secretary of justice who takes over. that person, whoever it is, would be in office through 2020. affectw is this going to debt restructuring? reporter: regardless who is governor, the bankruptcy process will continue, and those cuts will be imposed on bondholders. some bondually seeing prices going up a bit today. there's this expectations that may be the new

anheuser-busch, we talked about this, the way they had to pull this listing of their business in asia of not as much demand as anticipated. growth concerns there. plus get a bloomberg first word news update. debra mao is an hong kong. economy slowed to its weakest pace in three decades. evidencebut there's stimulus to curb the slowdown may be starting to seep through. sales beat estimates. president trump is accused of racism after suggesting for banks female lawmakers go back to the places they came from. it seemed aimed at a former group of first-term representatives, led by alexandria ocasio-cortez. three of the women were born in the u.s., but none are white. dozens arrested as protests continue in hong kong, including clashes with police. demonstrators are demanding resignations of carrie lam. the financial times a reporting beijing refuses offers to step down. they told her to stay and fix the mess she created. novak djokovic has beaten roger federer, winning his fifth title. after the longest final in the tournament's history. the eight time winner was a single point away from

that's anheuser busch's inbev asian arm. it's going to list on the hong kong stock exchange this month. budweiser brew iing is looking raise nearly $10 billion. it could be the biggest ever listing of a food or drink anheuser busch is up 2.5%. we know chinese loive it. they like beer. >>> you just saw for a second a flash of the nike stock. nike is feeling the first financial effects of its decision to cancel the sale of its betsy ross flag sneaker. remember how it begins doesn't necessarily mean how it will end. the "wall street journal" was the first to report that the american revolution themed sneaker called the nike air max one usa which has that flag on the back by the heel, it will not be sold as planned ahead of the july 4th holiday. nfl quarterback colin kaepernick best known for his controversial kneeling during the national anthem, reportedly told the company that some people find the early american flag right there on the back quote, offensive, but nothing like a fresh dose of controversy to juice demand. check i

i'm watching anheuser-busch.at might be the biggest initial public offering of the year, possibly raising as much as $9.8 billion in its asia-pacific beer unit. this is being listed on the hong kong exchange. i find this really interesting because beer companies in general have been trying to expand in asia, where their demand is growing, rather than other regions. i'm thinking of the u.s. in particular, where craft beers have been taking more of the market shares, and some of the big behemoths have been losing. david: it also doesn't hurt to clean up their balance sheet a bit. next, we got auto sales coming out later in the day. we are joined by taylor riggs to take us through it. taylor: in china, they are looking at their second straight year of declines. last year was the first drop in auto sales in decades. we know the story. trade tensions, dropping consumer confidence over there, plus an increase in ridesharing and some of the electric vehicle things that have been pushing down sales in china. the good new

anheuser-busch is reporting strong sales in mexico, brazil and europe. the news is good. here in north america, sales of bud and bud light fell again in the second quarter. it's been tough for the big brewers here. >> if i'm going to pay $2,000 for a phone, it better do more than fold. it better fly. >> work over the track. >> yeah. >> i'll check on that. people like the new stuff. early adopters, they love this stuff. >> if you've got the money to spend. >> distracted driving is a problem for drivers of all ages but it's especially bad for older americans. triple-a had a group of drivers between the ages of 21 to 75 use some of their car's technology while they were driving. they found on average, drivers between the ages of 55 and 75 took their eyes off the road about 8 seconds longer than those between 21 and 36. eight seconds is a long time. you take your eyes off the road for two seconds and it downs your chances of getting into an accident. >> are you hungry for good design perhaps the? >> yes. ma w wd to an art ng question. l.erft a photo ofen ♪ >

when you get into a stock like constellation you know that anheuser-busch is the big one out there.othing new to that. the news today doesn't change market trends, it doesn't change consumer taste i'm in constellation for far more than the corona brand you know they have wine and more importantly this option more or less in the marijuana business with canopy growth i'm neutral as far as this news on bud wiser goes. >>> let's get to unusual activities betting big on a semiconductor name as well as a pick in the financial sector jon, what are you looking at >> taiwan's semi-conductor this is a longer term play again like we said with netflix people were not betting on a quick jump to the upside but more of a longer trade to the upside from where it is now. how do we know that? because they're buying january calls. so -- whoops now that we popped up enphase but i had taiwan semi up there a second ago here we go taiwan semi, as you see, working up from 42.55, buying january calls in this name january '46 calls. mel, i bought those calls. they traded an awful lot of them, coming up on 18

. >>> anheuser-busch was upgraded to buy from neutral at bank of america and merrill lynch. the analysts say the cycle of negative earnings is coming to an end. price target $118 and the stock gained 1% to $101.67. >>> still ahead, the fast lane. united airlines wants to make it easier for you security using your finger tips and your eyes. >>> credit rating agency standard and poors may lower the boeing rating due to the grounding of the37 max airplane. s&p 500 said the prolonged t groundin result in a loss of market share. last week moody's a fitch issued similar warnings. boeing stock fell during today's session. >>> the hea of the european discount airline ryan air said thng prolon grounding of the max to lead to job cuts at his company. the ceo m'lhaelry is concerned ryan air will receive zero planes by nexummer which could eat into the carrier growth outlook. on an c earningsl o'leary had choice words for boeing which required us to bleep one out. >> we are expecting 58 eric for the smer of 2020 and that is now 30 at best. it may well move to 20, it could move to 10.el

anheuser-busch inbev said they want to raise 9.$9.88 billion by offering their product in asia >>> teslas losing another top executive. lucid motors hiring one of their top former vps of production in tesla's -- >> who have you ever heard of him >> he was responsible for the model s and the model 3. a lot of attention on tesla's delivery numbers investors have not seemed to blink when so many top executives have walked out the door at tesla. >> an update on the grounding of the boeing 737 max southwest airlines gary kelly says he expects the 737 max planes won't return to the flying schedule until after the current projected reentry date of october 1st last week boeing said it would take until at least september to solve software issues for the ground eplane after regulate her uncovered a new problem. we expect to have more details on the financial cost of the grounding in the second quarter results. >>> coming up, oil rebounding 10% in the last 30 days. we have a live report from what is becoming a critical opec meeting in vienna. kilduff is here. >>> and later, how the trade truce impa

. >> all right, anheuser-busch has announced a promotion for busch light saying it will build a pop-upn a national forest somewhere in the united states on saturday. >> the person who finds the bar will win free busch light beer for the rest of their life. i'm not going to shade busch light. i'm not going to do it. i'm not going to do it. >>> so from free beer to ice cold beer, a boy in utah is reminding everyone to read the fine print. >> the 11-year-old held a sign reading ice cold beer for sale. the stand caught the attention of neighbors and police, but if you look closely the word root is written very small above the beer. >> good marketing. one officer called the marketing ploy brilliant and said the boy's business is booming. >> but does he have a permit? just asking. >> all right. >>> finally the german shepherd that's become an internet star. >> joe corsi posted the video on -- this is good -- on facebook. a motion detector on his security camera picked up something. the camera turns to see what it is. oh. >> hey, sasha. >> hey. >> yep, that's corsi's german shepherd sasha cur

anheuser—busch inbev, the world's largest brewer, says its selling its australian operations to japan'sd $11.3 billion. the deal is expected to help the belgium—based brewer reduced it's $100 billion debt, which it took on when it bought sab—miller in 2016. the german chemicals giant bayer has welcome a decision by a us judge to call for a retrial in one of the lawsuits about its roundup weedkiller. alva and alberta pilliod had previously been awarded damages of $2 billion after a jury found the product caused them to get cancer. the company say the retrial decision is a step in the right direction and insists roundup is safe to use and doesn't cause cancer. german auto—maker bmw and chinese online gaming giant tencent holdings are teaming up to launch a computing center in china that will help develop self—driving cars. the computing center, which will start operations by the end of the year, will provide cars with data—crunching capabilities to help them drive semi—autonomously and, eventually, autonomously. the planemaker boeing has put more cash aside for the growing bill for it's 7

anheuser-busch's asia unit will use money from its upcoming ipo to make deals in the region. 9.8c israise billion dollars in hong kong later this month. the company's ceo says that will give more flexibility with local partners. british bookmaker william hill -- 25 shops5 chops and lose hundreds of jobs. limitse to on betting machines aimed at cabling addiction. coming up -- gambling addiction. coming up, the jobs report. what will we be watching? this is bloomberg. ♪ ♪ guy: from london, i'm guy johnson. this is "bloomberg markets." let's get the bloomberg first word news with olivia hows. olivia: president trump says government officials are working on the holiday to get a citizenship question on the next year's census. supreme court justices said the administration's rationale for including the question was contrived. the only house republican open to impeaching president trump is leaving the party. michigan congressman justin amash says he is disenchanted with party politics and frightened by what he sees. he is declaring his independence, saying the mueller report convinced him t

. >>> anheuser-busch is hoping to raise billions when it lists its asia business in hong kong in the biggest ipo of the year. it plans to offer 1.63 billion shares for between $5.16 and $6.02. it would raise $9.8 million beating uber's ipo. the ride share company raised $8.1 billion when it went public in may. the biggest brewer could use the funds to reduce its massive debt. the ipo could also help the company in china, the largest market for beer. the stock will make its debut on the hong kong stock exchange july 19th. ♪ >>> can your friendly spider-man have a struggling -- help a struggling summer season? "spider-man: far from home" estimated to bring in $125 million over the six-day holiday opening. good news for a season down roughly 9% compared to last year. multiple sequels including "men in black international" and "dark phoenix" underperformed, and "toy story 4" couldn't match the high expectations. even if "spider-man" doesn't save the dave, there's still time -- save the day, there's still time to recover. the highly anticipated reboot of "the lion king" opens july 19th. e

anheuser-busch announcing it is postponing indefinitely it's not proceeding with its announced public offering of its asia pacific subsidiary that was planning an ipo for a stake. they say they're not proceeding because of several factors, but they say they will continue to closely monitor market conditions as they evaluate what they can do to best especially hans shareholder value if you recall, earlier today in u.s. time, we learned they were delaying the pricing of f the deal to next week. they were looking to raise about 9.8 billi$9.8 billion in this o, so you can see here, shares down 4.1% right now they were down just about 1% on the news of the delay, but declines further accelerating on the news they will not be proceed wg tining with the ipo >> thank you very much >> tropical storm barry picking up steam it will dump 20 inches of rain on new orleans so they say. it will, that's close to the limits of the levies down there. and massive disruption of commercial shipping all around the gulf wendy wolf joins us from new orleans with the latest on preparations at this hour. wendy.

below the national average we sat down with ronnie chambers who handed out severance packages to anheuser-buschff hundreds of people until she heard she was receiving a pink slip. >> i wasn't surprised. i was ready. i was emotionally exhausted, physically exhausted i was 54, it was time. i was happy. i thought i was ready, but in fact once i got on the other side of carrying my box out of the building i did my share of crying >> chambers is now a career transition coach helping other people who have been displaced from mergers in recent years she says it's not all bad for people who have been laid off recently some people have gone on to start their own craft breweries. there's a budding scene here for craft breweries. others are simply using the capital they got from their stock once the acquisition was complete they've been able to take some time and enjoy life more as presidential candidates focus more and more on corporate consolidation, it's likely they do hone in on this city in particular, st. louis, a key swing state in missouri. >> the number of stocks available to trade cut in half in

anheuser-busch says market share for budweiser and bud light shrank by half a percentage point last quarter consumers shift to craft beers and imports. and the man who invented twitters retweet button believes it was a very bad idea. in an interview with buzzfeed news the developer said he recalls thinking we might have just handed a 4-year-old a loaded weapon. he says twitter staffers were not prepared for how the feature would dramatically changeen teenagement on -- change engagement on the platform. if you love avocados, now you can live in one. a new avo-condo is available on booking.com for $70 per night. the avocado shaped camper is located in sydney, australia. this once in a lifetime opportunity is available starting next wednesday, which happens to be national avocado day. that is what's happening now. cheryl: i eat an avocado pretty much every day. lauren: me too. i love avocados. i slice them open and eat them with a spoon. thank you. amazon is taking a leap into virtual reality but are consumers ready for the trip? and is your cat fat? >> a good lunch includes one serving from e

anheuser-busch a gain or after a unit sale and reports that it is still considering an ipo of the budweiser unit it shelved. text docs on the plus side but look at the you -- but look at the losers. because 0.4 percent but it is such a big company on the stoxx 600, it is erasing the most points from the stoxx 600. that stock is down almost 5% after warning market conditions are worsening. that distinctly disappointed, stora. 0.7% which is dragging on the stoxx 600. anna: let us talk about where european markets are with our guest. joining us now is andrew cole asset.cket good to have you with us. let us start talking about the fed. we saw dovish comments. it may cutthinking by more than 25 basis points. what are your thoughts? arend: think it would be -- andrew: i think it would be pretty extraordinary. would feel that a 50 basis point move is necessary. bebviously think that would a sign of panic so i would be surprised if it was 50 basis points. to natural order seems typically be about 25 basis points. i would be surprised frankly if it was anything other than that. anna: global coordina

anheuser-busch. downgrade to that particular business from one of the brokers.mw to the weaker and daimler jumps on the losers' board around 4.5% this morning. us leave a stock specifics there. fascinating stories in the auto sector. to the chinese markets. waiting for a host of data -- chinese first half imports up. exports rise by 6.1%. the total trade value with the year on year. the overall size of the trading relationship would seem to be in retreat from those numbers. a first chance to look at those numbers. bether the pboc will revamping its monetary policy to try to work more effectively. recapping some of the numbers -- and the imports story -- exports rising 6.1% in q1 terms and the imports rising 1.4%. let us leave their -- that therefore the moment. derek, good to have you with us. china datahese settle down a little bit. let us talk about trade tensions. where do you see this heading? >> i think this is consistent with a lot of the data we have been getting more broadly. it was notable in terms of the singapore gdp, a contraction of 3.4%. the annual

anheuser-busch invery much asia-pacific will be valued in hong kong at 68 billion. it is bigger than the biggest food and beverage deal of the past including budweiser in 2019, pardon me kraft foods in 2001 and santori in 2014. china will surpass the world's largest beer market in 2021. you have an opportunity over the holiday to set that right. costco, big headlines the company in the washington post said it is quietly becoming an apparel destination, selling $7 billion of apparel each and every year. so you can go get your a whole bunch of coca-cola and jessica simpson distressed jeans taint. we tried to find this number. could not. looked through public filings. we did not find a breakout for apparel sales but think about this. 95% of the company's business is done in-store. that would mean it would be a great location for apparel because so many of these retailers have difficulty selling in store. back to you. melissa: totally. gerri, thank you for that. connell: taking on big tech. there is a u.s. retail group that represents the big companies in the retail ind

anheuser-busch planning the year's biggest ipo forget uber, and can tesla deliver when it reports develiry numbers? all that and more coming up on "power lunch." ♪ most of us don't know how much data we use, but we all know we're paying too much for it. enter xfinity mobile. america's best lte with the most wifi hotspots, combined for the first time. when you're near an xfinity hotspot, you're connected to wifi, saving on data. when you're not, you pay for data by the gig. use a little, pay a little. use a lot, just switch to unlimited. get $400 back when you buy the new lg g8. call, visit or click today. >>> shares of delta airlines up at this hour but off session highs. phil lebeau joins us from chicago with the details >> this comes a week before delta will give us the q2 numbers but it's clear from the new guidance today they're expecting a strong second quarter, certainly stronger than what many people might have been expecting. here's the guidance from delta released this morning. it is giving sears a bit of a prop eps, up 20 cents now between 225 and 235 a share for the quarter. rev

anheuser-busch, panera, scott trade, express scripts, monsanto, these are all st.e-based companies that have been taking over in multibillion dollar deals in the last few years. since before the last presidential election, more than 3.5 times more money was spent acquiring st. louis-based companies than st. louis-based companies spent acquiring those companies outside of this metropolitan area. now, that trend hasn't necessarily helped the local economy here the population growth rate is one quarter the national average, and income per capita is growing at a slower rate than bigger cities such as new york and there can be positives, however, as it relates to corporate consolidation. people we spoke to here pointed to the fact that people oftentimes cash out when these transactions occur and then they can reinvest those proceeds in other areas, including back into the community here and also, in recent mergers where people have been laid off, they have gone on to found other businesses there's a brewing craft brewery scene that's bubbling up here, tyler. so people a

anheuser-busch inbev announcing it is not proceeding with the announced public offering of the asia unitit will not go forward due to several factors, including prevailing market conditions. despite our major indices heading towards a record close. by the way that stock at the moment more than 3%. >>> we're awaiting president trump to speak in wisconsin at any moment. the president using his sixth visit to the state since taking office to push congress to pass the new nafta, usmca. what will it bring? we'll let you know what he has to say. >>> we're on the ground where residents and officials in new orleans where residents are bracing for tropical storm barry -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. i had no idea why my mouth was constantly dry. it gave me bad breath. it was so embarrassing. now i take new biotene dry mouth lozenges whenever i'm on the go, which is all the time. new biotene dry mouth lozenges. freshen breath anyt

although, for the year, shares of heineken have had nice run-up, about 24%, but trailing its peer, anheuser-buschich has risen 50%. >>> all right, meantime, busy week for central banks it's not just the fed, we had the bank of japan decision coming out tomorrow and the bank of england meeting on thursday no policy change expected at those two meetings, but the growth forecast for those two companies will be watched very closely, given the larger focus on trade tensions and brexit on the economy. carl, sending it back to you >> all right, seema, thank you very much, seema mody. let's get to sue herrera across the room over there and get a news update. sue? >> good morning, carl. good morning, everyone here's what's happening at this hour president trump lashing out at the reverend al sharpton, calling him a con man and a troublemaker who hates whites and cops in baltimore, sharpton fired back >> he attacks everybody. i know donald trump, he's not mature enough to take criticism. he can't help it he's like a child. somebody say something, he reacts he's thin skinned and not really matured that well

anheuser busch inbev just called off the planned initial offering of its asia unit. you can see the stock which fell as much as 4.5% is now down 3.66% to $86.38. here's what happened. as far as we know, the hong kong ipo was expected to raise nearly $10 billion, but late yesterday, the company's asian arm warned that it's expected to price in the lower half of the range initially indicated so they said you know what, call it off for the moment. market conditions don't feel right. parent ab inbev blames the cancellation on prevailing market conditions in the region specifically, but overhere, if they were doing it in america, market conditions are clearly very strong and bullish. take a look. investors are pulling out their telescopes, not their microscopes, as stocks reach for the stars at this hour. we've got 58 minutes before the closing bell rings but the dow and s&p 500 are smashing records like asteroids gone awry. on pace for the seventh record close of the year. this is going to be a very exciting and possibly history-making hour. specifically on the s&p 500,

bud taking a hit as anheuser-busch inbev is calling off the ipo of its asian unit, cites prevailing market conditions as the reason. the ipo would have been the biggest of the year but that is now off. susan: not enough demand for a 10 billion-dollar listing. president trump visiting two key state today that could end up being crucial in the upcoming 2020 election. steve forbes, forbes media chairman details how important these visits could end up being. connell: tropical storm barry set to hit the state of mississippi. there is heavy rain and flooding could exacerbate the flooding along the river there. susan: louisiana getting ready for major damage. the president declaring a state of emergency. we are live in new orleans coming up. ♪ with sofi, get your credit cards right- by consolidating your credit card debt into one monthly payment. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k. ♪ ♪ award winning interface. award winning design. award winning engine. the volvo xc90. the most awarded luxury suv of the century. play it cool and escape he

there's anheuser-busch, up more than 1%.mall airplane that made a crash landing in the mojave desert. >> oh, my god. cheryl: the pilot, the passenger both escaped without injury. the footage shows the plane gliding over the desert with the propeller motionless, before a rough touchdown on top of sand and shrubs. coming up, we've got music's nasty side. taylor swift's battle over her music, a former record executive weighs in on the pop star's options. ♪ fly above the jet stream. ♪ love me like i'm brand-new. truecar is great for finding new cars. you're smart, you already knew that. but it's also great for finding the perfect used car. you'll see what a fair price is and you can connect with a truecar certified dealer. now you're even smarter. this is truecar. wanna take your xfi now you can with xfi advantage. giving you enhanced performance and protection. when devices are connected to your home's wifi, they're protected. helping keep outsiders from getting inside. and if someone tries, we'll let you know. so you can strea

let's not cry for anheuser busch. they are doing tremendously well, gross revenue up 6%, net profit up 27%. yes, there's less bud buying in the north american region but globally bud is doing extremely well. bud light is doing well. they are making some changes in terms of flavor options for consumers. the company is still growing. but the only problem is they are facing all the microbreweries in north america are eating away some of their share here. stuart: so would you ever touch a budweiser? >> i'm one of the best beer drinkers in britain. i have been photographed on the front page of every national newspaper and the trend you are seeing with microbreweries we saw in the uk30, 40 years ago. consumers are more discerning and here in new york, if you want to go for a beer after work, you now have a lot more choice than going out and drinking budweiser. this is about consumer demand. they are prepared to pay a little bit more money for the beer they are drinking and they are probably drinking less of it. stuart: you

anheuser busch ab inbev was to begin trading in hong kong this week the company withdrew the offeringiting market conditions sources tell reuters investors were unwilling to accept high valuations in the orders from u.s. long only fund managers never materialized this was one was always slightly odd on the surface i don't know, market conditions seems like an odd excuse, lack of demand completely because we're at record all time highs, not quite in asia, but shanghai's had a great run year-to-date, so has hong kong >> how much is this a feature of this issue do you think this is a china slowing issue? >> i think this was an odd ipo to try and get away to see if they could capitalize on relatively buoyant markets and in a slowing business in the u.s., beer sales aren't particularly exciting at the moment they're still growing in -- >> we've seen businesses spinning off their asia specific businesses before to some degree of success, yum china has done it where they've isolated their growth in china or asia believing that that part of the business because it's faster growing could comma

hauser bush in bev -- anheuser-busch in bev reporting stronger growth than expected at the world's largest bev says volume grew at the fastest pace in five years. that is your bloomberg business flash. alix: thank you so much. we are moments away from the latest ecb decision. phone is bradthe fx,tel, jeffrey's head of and with us still is steve chiavarone of wedbush securities -- of federated investors. brad, what you think? we should seecut, euros through 1.10. but if they are just setting us up for september, euro is probably going to squeeze a little bit into the weekend. alix: is that why we are seeing higher euro today despite the terrible data out of germany? is that short covering ahead of the meeting? brad: i would agree with that. it hasn't moved a whole lot, but people have been getting short into the meeting, so it won't be surprising to see them take some of the shorts back after the fact. david: just 10 seconds away, mario draghi does like to surprise. the christine lagarde transition, he might just do a set appear. that's what i think. alix: -39 for the german ten-year, and e

. >>> another stock falling today, a bchl ab inbev leslie has the details >> anheuser-busch suspending plans to list its asian unit in hong kong set to raise as much as $9.8 billion. it had been planning to sell a minority stake in budweiser. but they said that they would not be producing due to several factors including prevailing far are ket conditi market conditions. reports surfaced that they were postponing pricing of its ipo the ipo though would have been the largest of the year surpassing even uber's $8 billion deal earlier this year >>> up next, shares of oracle also under pressure after a judge sided against the company in a massive government contract case we'll share the details. >>> and up next, facebook's reportedly facing a $5 billion fine over its cambridge analytica scandal. we'll speak with a "wall street journal" reporter who broke that figure coming up next. >>> welcome back record all-time close highs for the dow, s&p and nasdaq. highs of the session as well >> one of the winners today, facebook ran into the close. ftc reportedly approving a roughly $5 billion settl

anheuser-busch inbev asia-pacific unit wants to go public, what would be the biggest ipo not coming from valley, not priced down here at the new york stock exchange in fact it would be done at the hang seng. they could raise as much as $9.8 billion, which beats uber, valuing the company at $63.7 billion, very big indeed. this would be the biggest ever listing after food or drink company. much bigger than anything we've seen in the past. asia-pacific business is 18% of inbev's total volume. biggest markets china, australia, south korea, as a growing marketplace. it is number in sales in all of china. proceeds will be used to pay off debt. they have $100 billion in debt. they might buy other beer companies. in researching this, neil, i have to tell you i found a very worriesesome trend out there, unless you and i personally do something, china will pass the u.s. as the world's largest beer market in 2021. neil, make america great again. come on let's drink some beer. it's a holiday weekend. neil: we cannot let that stand. thank you very much. >>> president is threatening 4 approximately do

rest of the nation we spoke with johnny chambers in charge of handing out severance packages at anheuser-busch recalls firing hundreds of workers at time before she herself got a pink slip. >> i wasn't urprised i was ready. i was emotionally exhausted and physically exhausted i was 54 it was time. so i thought i was ready, but in fact, once i got on the other side of carrying my box out of the building, i did my share of crying chambers is now a transition coach, where she helps other people who have been displaced by mergers some, she says, have gone through this twice or three times here in the st. louis area guys >> it's a good story interesting look at the consolidation trend. leslie, thank you. squawk on the street is going to be right back. dow is down about 57 points here four shocks will kill a man. yeah, i think we can take five. you had to open your big mouth. here's what i'm gonna do. i'm gonna smash him right in the face. kill all thirteen guys in three seconds. i'm gonna drop kick him. him, and him. no, no, no that's my guy. that's my guy. look at you the fate of the world is in y

legalization happens let's be honest, where does it go goes into food products, nestle, drinks, anheuser-buschamount in the area we also think there will be specialty companies focusing on cannabis products. we'd like curaleaf to be one of those companies. >> wow a new frontier thanks for keeping us updated. congratulations again. we'll see you, boris when we come back, tech under fire, the eu launching an investigation into amazon. facebook meantime is on capitol hill in this country facing another round of grilling. another round of grilling. we're gog mit tt.intoonorha fr. just one way pnc is modernizing banking to help make things easier. pnc bank. make today the day. you should be mad at leaf blowers. [beep] you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. don't get mad. dto experiencer gthe luxury

anheuser-busch and bev's asia unit is seeking up to eight billion dollars in its hong kong public offeringto begin july 19. francine: tomorrow, loretta mester, president of the cleveland fed joins "surveillance" at 6:00 a.m. talking about the fed, let's get back to jim caron. we are talking about yields and the levels that you can see. what do you do with inflation? when does it pick up? jim: when growth picks up. the idea behind these insurance rate cuts by the fed is to stave off recession, and's's if that succeeds in one year time -- in time, -- we will need to see wages rise so the growth and the jobs market strengthening, and the other is oil prices. they have gone up but been stable and is not creating the inflation impulse we thought it might at this stage. until you see inflation moving ither toward the 2% target, will be tough. this is a global issue. inflation globally is coming down, even in many emerging markets, which makes that asset class attractive. francine: oil has been pretty much stable. the last five recessions were either caused or accentuated by an oil shock. is this

on friday, anheuser-busch in bev scrapped plans to take its asian unit public.g the most in seven months. the company delayed publishing its results while auditors increased scrutiny of its accounting. they blame the complicity of integrating the house of fraser department store chain. investor peter thiel is calling google "seemingly treasonous" for agreeing to work closely with china. he says the fbi and cia should investigate whether alphabet has been infiltrated by foreign intelligence agencies. thiel is one of president trump's top silicon valley supporters and donors. that is the bloomberg business flash. nejra: thank you so much. washington is close to punishing turkey for receiving shipments of a russian missile system. officials have settled on a --ctions package and a pet and are preparing to announce this week. joining us is benjamin harvey, bloomberg's managing editor for the middle east. david riley and jordan rochester are still with us. listen to these risks? president erdogan mentioned he would be lenient, but it is clear that functions will be o

. >> anheuser-busch dropping plans for major ipo stock jumping on the news up 5% back in a minute with awarded luxury suv of the century. ♪ call j.g. wentworth ♪ (phone ringing) j.g. wentworth, how can i help you get cash? i want to pay off my debt and move into my own place. but i need cash now to do it. do you get regular payments from an insurance company? yes. in exchange for some or all of your future payments, we give you a lump sum of cash now. call now, and you'll also get $25 for receiving a quote. (announcer) call 877-cash-now. 877-cash-now. that's 877-cash-now. dear tech, let's talk. you blaze trails... but you have the power to do so much more. let's not just develop apps, let's develop apps that help save lives. let's make open source software the standard. let's create new plastics that are highly recyclable. it's going to take input from everyone. so let's do it all, together. ♪ ♪ let's expect more from technology. let's put smart to work. ♪ ♪ fun fact: 1 in 4 of us millennials have debt we might die with. and most of that debt is actually from credit cards. it's just no

stuart: busch beer, part of anheuser-busch, of course, has launched a pop-up bar in the middle of a u.s beer. what's the catch? deirdre: the catch you actually have to find the pop-up shop. so on july 16th you're going to begin to get clues. it's a huge scavenger hunt, basically, and the prize is you can win a lifetime supply of beer. and on july 19th, that's your cutoff date. you have from the 16th-19th to participate, but from a marketing standpoint, this is all about the company wanting to project itself as the beer of the great outdoors. stuart: wait, does anybody who finds this beer -- deirdre: from what i understand, if you find it, you get the lifetime supply -- ashley: is it the first person? deirdre: from what i understand, if you find it, you get it. stuart: and it doesn't matter how many people find it? deirdre: it doesn't have a limit. other prizes will be awarded to visitors, so i guess if you're a little behind -- ashley: i'd send up a drone to look for it. stuart: that's a good idea. smart guy. probably cheating. these national forests are pretty big. ashley: they are. th