. >>> ab inbev shares pop after the drinkmaker agrees to sell its australian business to asahi to 10 billion euros. >>> and oil prices climb after the u.s. navy takes down an iranian drone in the strait of hormuz ratcheting up tensions between washington and tehran. >>> good morning, everybody. one of the names we're very much focused on, a big mover is publicics in france, down 7.5% the french advertising group has actually announced that it will be -- we will be getting more information on that. you can see that the stock is down about 7.5%. down about 15% over the last few months they have slashed their 2019 revenue guidance after delivering a worse than expected second quarter the third largest advertising group posted organic growth of 0.1%, missing market expectations as it suffered from weak ad spending in the united states publicis put its 2020 targets under review citing the 4$4.4 billion acquisition of epsilon for the move. >>> i'm pleased to say karen is around the desk with us. karen is somewhat of an expert in this field and has been following publicis' transformation is

to asahi for over $11 billion. , 24 hours a day on air and on tictoc on twitter.over 2700 journalists in over 120 countries. this is bloomberg. anna: thanks. bmw has promoted the production chief to the chief executive officer, resetting its leadership to catch up with arrivals in the transition to an era of self driving, election cars. they will succeed harald kruger who stepped down after four years at the business. expect a renewed focus on asia from the bmw chief. >> our aim is to be slightly better than the premium segment. we expect the premium segment to grow single digits, so this is also an orientation for us. the 17% is because we have a lot of new models. we're launching a new models in china, therefore there is high growth in the first half. the second half, will be closer to single-digit growth. >> do you think the overall market will start to bottom out? >> i think you can see that already. talking about the total passenger market, the decline is slowing down. so i think we are quite close to the bottom of the total markets. and in the second half of

watching asahi. switching up the board to check in on oil. persian gulf tensions are extending a rally. theleen: let's check in on first world news. the hong kong government has denounced the actions of protesters who targeted china's main headquarters in the city as a peaceful mass rally turned violent late sunday evening. gas asfired tear demonstrators converged on beijing's main liaison office in hong kong. hundreds of thousands of people marched through the city and a sixth straight week of antigovernment rallies. the british government wants the united nations to intervene in the spat in the gulf and has threatened iran with serious consequences. they are demanding immediate release of the tanker. on sunday, state tv and iran showed the tanker import flying the iranian flag. u.s. showsom the chinese investment has collapsed since president trump entered the white house. direct investment has fallen from a peak of $46 billion in 2016 to just $5.5 billion last year. a hardening attitude in washington have helped reverse years of chinese sp

nejra: what does this all mean for asahi?ous situation over the past few years. stakesve been investing in china and buying in more developed markets. they bought an asset in the u.k. which was quite surprising, under half a billion dollars last year. australia, which is a mature market, it remains to be seen what they want to do with it. tom: emma o'brien, thank you. we will do a lot of this through radio and television today. we are thrilled later on radio to bring the curator of the metropolitan museum of art on the history of how we perceive the moon. we got -- we do this going into tomorrow's 50th anniversary of the landing on the moon. i was in the adirondacks in the middle of nowhere, talk about a vision of the moon, just extraordinary what it was like 50 years ago. nejra: the pictures and sound we have, if we can see and hear some of them, extraordinary. tom: let's get back to the markets. we have a busy hour coming up. looking at the shocks we saw of yesterday, and what we saw yesterday was simply two fed speakers ag

asahi drew brees -- marie's. .- asahi breweries munis has placed a song reviewing. manus. thank you very much. great roundup on the markets. it is resolved season. we are on the move around europe. on the banks are also agenda. mario draghi enters the final three months of his presidency of the ecb. our guest host says central banks are distorting natural progression of the business in order to maintain peace and price stability. nejra: the last nail in the coffin according to societe generale once the ecb exploring a teetering mechanism. it is nothing more than the japanese asian -- ga japanization of europe. really great to have you with us. it is a fascinating note that you have written. global markets. tell me what that means for what investors should look ahead to in the third-quarter? >> it is effectively a reference to the secularization and ice age theory from societe generale. trillionclose to $13 of bonds carrying negative yields and this is testimony to the fact that you could the heading towards an environment of lower growth for longer. you thisod to see morni

anheuser—busch inbev, the world's largest brewer, says its selling its australian operations to japan's asahi3 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 737 max

ab inbev has agreed to sell its australian operations to japan's asahi.bev will use the proceeds to pay down debt. meanwhile, the company says it of its asiann ipo subsidiary. that offering was pulled last week. haveost of reward points climbed to a record out of american express. they spent $2.7 billion on cardholder rewards in the second quarter, more than expected. bloombergur latest business flash. let's take a look at where european markets are trading with less than four minutes until the close of european trading. a mixed picture. this is bloomberg. ♪ is bloomberg. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone

. >> ab inbev agreed to sell its australian operations to another -- asahi group holdings for $11.3 billione two breweries account for about half of the beer market in australia. the company said it is still considering an ipo of its asian subsidiary. >> is this ab inbev not trying to tell investors that they are serious about cutting their debt pile? >> yeah, it is interesting that they moved so quickly after the dashed ipo plans to do this. it makes you wonder whether this was plan b, if the ipo of their asia assets didn't come off, whether they were expecting that, whether they were concerned about it. but they don't have really huge pressure to do the deal quickly, so the timing is quite interesting. >> dozens of people were arrested as protests continued in hong kong. the latest and most come amid reports that beijing has rejected chief executive carrie lam's offered to resign. are there any signs that protests will be dying down? >> the protesters have been keeping the momentum quite well. they have tens of thousands in the suburban areas of hong kong, and they have been trying to mix

. >>> anheuser bush inbev is selling its australian operations to asahi in an $11 billion deal the world'sst brewer is working on paying down debt after failing to list it's asia business the brewer said they have not given up >>> pepsico is expanding into africa they will buy the outstanding shares of pioneer food group for 1.7 billion. >>> and gannett is working out a deal to combine with gatehouse media. gatehouse media is owned by private equity and is known for aggressively cutting expenses at the titles that it buys. gannett here up 11.3% in the premarket. >>> let's get a check on the morning's other headlines. phillip mena is in new york with the latest getting ready for a heat waive >> we sure are tensions are rising between the u.s. and iran this morning after a u.s. warship destroyed an iranian drone in the strait of hormuz the warship fired on the drone after getting too close and threatening the safety of the ship and its crew. this comes one month after iran shot down a u.s. drone in the same area. >>> president trump says he plans to nominate eugene scalia as his next labor s

shares of asahi falling the most in more than a year after the an 11maker unveiled billion dollar deal to buy a be and in that australian inbevions -- ab and australian operations. signaledlators have they are on the verge of approving the merger of sprint foxt-mobile according to business. it says there could be a settlement announcement as soon as wednesday that will give us more details on the consensus agreed as part of the deal. his include asset sales to create a new wireless network. "avengers: end game" has toppled avatar as the highest grossing film of all time. mojo, it to box office only ranks 16th if we factor in inflation. the top spot in that ranking is still held by 1939's "gone with the wind." anna: thank you very much. extended gains as tensions in the persian gulf remain elevated. the u.k. has demanded the immediate release of the tanker which was seized by iran in the strait of hormuz friday. later, british prime minister theresa may is leading a meeting to discuss shipping in the gulf. am joined by our reporter for middle east energy markets. great to have you on. w

a big transaction in the beer industry, an australian company selling to japan's asahi.he proceeds will be used to pay down debt. stillev says it may revive its asian subsidiary. u.s. regulators are investigating a cryptocurrency form in asia that lets people make big bets with little money down. the investigation is focused on whether it broke rules by allowing americans to trade on the platform. up bbc and itv are teaming to face netflix. the service is called britbox, costing $7.50 a month, lower than what netflix charges for its standard service. alix: i love britbox. david: i am in for that. u.k. dramas are the best. alix: they are super cool. now to the fed cutting rates. rate cuts potentially pushing futures higher following dovish comments from fed president john williams. this is the implied yield -- that white line. the blue line is our current fed funds rate. -- see potentially 225 point two 25 point. katie: it is possible. yesterday threw confusion into the calculus, whether it is an or to private -- prevention a cure. there is a case to be made for 50, but i

year-over-year, eating somebody's lunch raymond james credit suisse raising today, so australian unit to japan asahirestructuring options to apply time for money use retail to for the turnaround at 94 cents a share you wonder can it stay listed on new york stock exchange. >> gerri willis president trump tweeting again this morning on federal reserve, just wrote this, because of the faulty profits we are going for at federal reserve we pay higher interest rates than countries no match for us economically our interest costs much higher than other countries when they should be lower, correct basically saying the fed should cut interest rates now is i highly expected at next meeting, july 30, 31, we take a break bitcoin backlash the g7 sounding alarm on crypto as serious risk as treasury secretary mnuchin warns of threat to national security we are breaking it down when we come back. ♪ ♪ every day, oh rock 'n' roll ♪ is is my forte. obviously, for auto insurance, we've got the wheel route. obviously. retirement, we're going with a long-term play. makes sense. pet insurance, wait, let me guess... flea fl