it is difficult for aston martin. company that we should not forget ford caps off in the midst of the great recession. it has been passed around over the years. this is a cyclical industry and it's tough to compete and make it through these downturns. >> we are pulling together our money. you note they are moving into the suv space. that seems like a strategy that other luxury carmakers have done. >> that is the key issue. there is a hope that this is the saving grace of them next year is they have this suv model waiting in the wind. your point, every luxury carmaker is now getting into this. it started with porsche. this is such a departure from the 9/11 but it is a huge business and it has led everyone to get into it area when you talk about a lamborghini suv, it's a crowded space. there are only so many six-figure suvs that someone can sell. >> turning from aston martin to the world of la crosse, a la crosse mvp who started a new premier league may have cost himself has most lucrative endorsement deal. itsbalance h

i want to start with aston martin. it is absolutely plunging this morning, down 20%. super luxury carmaker. this is as they cut their sales forecast by 14%. they are blaming the environment , joining a course of carmakers talking about this weakening outlook in the car sector. itv up 7% this morning. ad salesfell 5% -- fell 5%. seems like love island is helping boost itv and its shares. next year, moving to two ceres two series. deutsche bank down. they are going through this sweeping mass restructuring plan basically in their history. matt: i have not had a chance to watch "love island." i will give it a shot on netflix if it comes to it. thanks very much for that. european central bank policymakers have plenty of reasons to postpone the stimulus decision to september. andfed's decision next week pending euro area economic data could justify a gradual approach by the ecb. traders are currently pricing a 30% chance of a 10 basis point cut in the deposit rate. joining us now is valentin marinov, head of g10 fx research and strategy at credit agricole. what do you expec

and aston martin is plunging today, down some 19%.k as well when the company revised its annual sales forecast. they reported a loss on sales prices, saying they might need to financing. one thing that brought up is that they are saying a weaker pound may mean they are selling more cars. matt likes cars, maybe it's time to buy and aston martin. laughter]ced i might be tempted, if the pound comes down a little bit more than i might. this ceo has been charged with fraud as part of an investigation into diesel cheating. accusing there former executive of knowing about the diesel engine rigging and not preventing vehicle sales. for more, we have bloomberg's senior auto reporter who covers the volkswagen group, which owns audi. were looking at him for more obstruction because of tampering with a witness, in my poor layman's terms. but it looks like they are actually connecting him to the original fraud, the underlying crime. >> yeah. charges are probably not much of a surprise since his boss, the former volkswagen ceo, has been facing simi

mainly daimler and aston martin is one we've been focusing on. we have real estate, up 1.25%. tech also up 0.8%. this despite the doj ruling that came out last night looking into investigating the u.s. big tech companies. europe bucking the trend there at the bottom, basic resources and banks in focus one bank in particular is deutsche bank. deutsche has reported a second quarter net loss of 3.1 billion euros as restructuring costs weighed on the result. it's a bigger than expected loss than the german bank's own estimate of 2.8 billion euros when the lender announced its major overall. the plan is expected to cost 7.4 billion euros and cost 18,000 jobs annette is in frankfurt. a complicated set of results out of deutsche today. they were impacted by some restructuring charges. can you break it down for us in more detail? >> yes they are already hugely impacted by the restructuring costs they're saying the net loss is bigger than previously expected because they're front loading part of those costs to the second half of the year. if you dig deeper and look at the revenue situa

think the advice you should buy if you back god talk with you yesterday i was using speeds up to aston martin i would try to time to go for good shit see if you would think if i could we admit it you don't take a car. now that you thought you were you are you with the it was because it was boring to see you you see champ it's your car to see if you think of the fact this often you have this often for fraud i saw you. get through one of them plots the indy car the you know. yes the legal form on the house floor it will be on site only but this method was so fun can one on one see fool that's the sophist of us they see it seemed via sharples league segev what normally they have that's the thing here give on asking since a fence and so familiar. who. sat next to this to this 50. 5th. thing. i. relented. or sit by reading. and by now i know that if i had the money and said ok. i'm not a get at the last one by later morning send. it. rail madrid's. mother did. that last year was the stamp on the house hang on privacy. and this one little thing not the most latin. oh thank you. thank. you look look

, sal aston martin had their own factory right now and it's spreading. 0k we have another question from is there anything that'll be done about this? it's improving all the time as of right i'iow convenience improving all the time as of right now convenience is a shortfall and drawback for electric vehicles if you are doing long distance. if you're around town, say you stay around aberdeen and are staying in the local area had the electric car is great but driving to north because a weakness for electric cars. no problems but norfolk is just a long way to get there and motor day driving is not a forte for them just been really for right now and suffer most people picture for a start on the car, right now it's not the best option. it'll be though but not for another ten years.” the best option. it'll be though but not for another ten years. i hope he is not making a trip every day.” hope not i think he said a few times a year. another question, i'm typing. we have had eric who got in touch on twitter and he wants to know if it's safe to recharge your car in the rain stopped and love ther

celebrity motor rally cobol 3000 . 1000000 cooper from britain just taking part in a 560 horsepower aston martin d from the u. 999. c. in a different cultures and cities and you know the welcome reception we get every city you know makes everything worthwhile as well. very much so millionaires taking turns to drive with his wife us rough start he. is known as 21st year and this time the route leads from mcinnes to i beat him partly by ferry the participants drive around 800 kilometers a day mostly on ordinary roads. the parties at each destination unintelligible parts of the events who arrives 1st the so want by the bye. actors and singers david hasselhoff is one of the regulars. a lot of them they respond you know me because i get them out of jail because sometimes they go too fast and police stop us. and i say leave us alone i mean you speeding is something that always makes the headlines and there have been serious accidents prostrating is not always received with as much humor as it is here in spain. in the book maximillian looks back at when the rally began when he was working as a model an

. >> snow shadow gray, 65 aston martin. that is the car, it is going up for auction at so the bees in monterey. it is expected to fetch between four and $6 million. all the gadgets are identical to the one that 007 drove in the film, goldfinger. >> wear is q? >> machine gun and everything on the back . >>> that will do it for the news at seven. for more news, sports and weather in the meantime, go to our website, kpix.com. there are moments in life that leave a lasting impression. like the feeling of movement as a new journey begins, or the sight of soft fur, warmed by the morning sun. you might remember new flavours, or a view that defies all expectations. these are the memories that stay with you, long after the moments have passed. announcer: it's time to play "family feud!" give it up for steve harvey! [cheering and applause] [captioning made possible by fremantle media] steve: come on. how y'all? thank y'all. i appreciate that. thank y'all, folks. i appreciate it. thank you very much. i appreciate it, folks. thank y'al

matt: why don't i come in with aston martin numbers. nejra: yes!adjusted operating loss of 39.2 million pounds. remember, aston martin has had a hard time cutting its workforce and cut it sales outlook as well. second-quarter revenue was 211 million pounds. it had an adjusted first half number, operating loss of 35.2 million pounds. first half revenue by the way, 407 million. it is seeing the launch of the suv that everyone has been waiting for, next year. our own michael dean, auto analyst from bloomberg intelligence tells us he is very impressed by it. but it will not come out until the second quarter, so they have to wait for the revenue from that product. nejra: let's stick with earnings. lundin petroleum has reiterated its guidance, saying output is above the midpoint guidance for the first half of the year. their ceo says there is to a possibility for an early start project,il discovery the largest ever made on the norwegian continental shelf. joining us now is the ceo, alex schneiter. thank you so much for joining us. you say there is defini

s such as go daddy and aston martin and ali baba. and more but today with the stock trading at $7.00 per share that is down 95 percent from its peak in 2007 the lowest it's ever been in its 150 year history the bee is in an irreversible death spiral and this restructuring is too little too late now this was an interesting quote from miles edwards yesterday. actually view it interest you look more like a bear stearns and a lehman because i like lehman i think is not in the fall it's not the end growth they still have some call ability. some really terrible decisions which are scaring off institutional and hedge funds themselves so now let's take a look at some of these bad decisions in october of 2015 davey and now it's a restructuring after being hit by a record fine for $2500000000.00 for the library scandal they then record a record loss of $6800000000.00 for 2015 and then the ex cel soran tells everybody that the company is rock solid in 2016 in march davy disclosed the notional value of the derivatives on its books to be $54.00 t

aston martin jumped after one of its biggest investors said it is considering an additional stake.ors could spend the equivalent of $86 million to raise its holding by 3%. shares rose strongly but they are still well below october's ipo price. to convinceruggled carmakers that it could have success. shery: the refining division has bounced back from its worst performance in almost two decades. refining margins increased by as much as $400 million in the second quarter, enough to wipe a $.25 billion loss from the prior three-month period. the improvement was a far cry billion exxon's refinery earned in the final three months of 2018. fell the most in seven weeks after warning that lower copper prices and the reduced production in indonesia will trim second-quarter sales and earnings. adjusters to generate for ebitda at fund of $30 million in the quarter and to record an approximate 5% share loss. bloomberg intelligence says it could be a warning across the copper and gold sector. up next, if ge founder and chairman -- joins us from hawaii to talk opec supply cut, stay with us. this

james bond aston martin is being sold next month with an expected price tag of $6 million. started goldfinger and thunderbird and has 14 original gadgets, including retractable machine guns. it also has rotating license plates. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. paul: let's get some more on what we should be watching us trading gets underway in asia. we are joined by andrea. the focus is the aussie dollar still under pressure but the stock market getting near of record. what is going on? >> the aussie stock market is lifting up to points of their record high in 2007 and one of the best-performing markets in asia so far this year. it has been helped by interest rate cuts. political uncertainty has been removed but a lack of alternative investments. the cash rate is a record low, 1% and potentially going to go lower. that has pushed bond yields to a record low and investors do not really have a way to get returns so they have been piling in the aussie stock market. the biggest question

his classic aston martin is being sold next month with an expected price tag of $6 million. 13 original gadgets, including retractable machine guns, a nail dispenser and rotating license plate for the u.k., france, and switzerland. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. that.thanks for let's get a quick check on how things are shaping up on asian markets. we've had new zealand trading for a over 30 minutes now and currently higher by just over .10%. as i mentioned, the bank of japan makes policy decisions in the next few hours. we're expecting no changes, despite inflation remaining far from the 2% target and with the trade war taking its toll on exports. instead, governor kuroda and his team are awaiting the federal reserve's expected rate cut later this week. kathleen hays is at the bank of japan. what is the governors thinking here? is obviously thinking about the state of the japanese economy, the u.s. ongoing u.s.-china trade war. the federal reserve is

aston martin is facing questions about its future. mpany's one a lost and slashed sales forecasts more than 10%. seen sharesve tumbling in the last week that prompted questions about aston raising more funds. shares have struggled since lifting in october. apple is posed to rejoin the trillion dollar club and take ac alongside the world's most valuable company. shares briefly topped $1 trillion in market value after the giant reported earnings cheered by wall street. amazon is not far behind. thanks very much. more to come in a moment. qualcomm offers a downbeat sales forecast. details next. this is bloomberg. ♪ >> trade talks will resume in september after meetings in shanghai ended with no progress. the two sides discussed purchases of u.s. farm produce, ip rights and nontariff barriers. the white house said the talks were constructive and washington will host the next round. the people's daily newspaper rejected president trump's description of ripoff china. president trump tweeted that sharon powell has let the country down. he pos

we also have a sell rating on daimler, but they did like aston martin, but who wouldn't like an astonhe most controversial view to say that auto manufacturers in europe are struggling right now. -- watching burberry, shares watching burberry, shares surging as much as 12%. this came after burberry revamped their social media presence and really took off in china, interestingly enough, despite some of the slow people talked about their, as well as the version two international brands. burberry seems to dupe doing that seems to be doing pretty well there -- seems to be doing pretty well there. david: the third comedy we are watching today is boeing once again -- the third company we are watching today is boeing once again. for more, bloomberg's brooke sutherland. it is like watching a slow moving train crash. we had the 737, and now you are starting to see it seep in. continuallyng has been very optimistic about returning the 737 max 8 the skies, but the faa uncovered an issue with the microprocessors that gets overwhelmed by data in certain circumstances. as optimistic as boeing what's

one stock mover for you, i wanted to highlight aston martin, falling for its sixth straight day.res down around 50% in that time. the company reported a first-half loss, slashed forecasts, and there are questions about its future and whether it could be a takeover target. emmae:,, thanks -- vonnie: , thanks. more than a decade after jeffrey oftein was first accused sexual misconduct with young women, he was still in the upper at apollo. reporter: this has become a source of fascination and concern because they've seen jeffrey epstein in and out of the offices at nine west. apollo has taken great strides to distance themselves from the situation and has done internal review to show there was no relationship between apollo itself and jeffrey epstein. with that said, epstein was invited to pitch tax strategies to a number of different executives. vonnie: where exactly was epstein seen? you mentioned inside apollo's offices. sonali: right, and another place , we had known of eight when he 15 meeting between mark rowan and jeffrey epstein for a business relationship -- we had of a 201

sports carmaker aston martin faces questions about its future after the company experienced a loss inst half and cut its forecast by more than 10%. this scared investors and sent shares tumbling by more than half of the past week. plenty more ahead on "daybreak asia." this is bloomberg. ♪ paul: sophie: i'm sophie kamaruddin in hong kong. welcome to "bloomberg daybreak: asia." ♪ paul: our top stories, the fed says today's rate cut does not mean the start of a new easing cycle. traded talks go back on hold until september

sticking with ways to move around, aston martin swung to a loss in the first half on the back of weakhere demand fell nearly 20% the british carmaker posted a pretax loss of 78.8 million pounds in contrast with a more than 20 million pound profit it was proud to report in the first half of 2018 weak demand and a challenging environment prompted the automaker to slash its sales forecast. >>> and second quarter earnings at solvay fell 5.2% against the previous year, that still beat expectations higher prices helped to offset a fall in volumes which the company blamed on headwinds in the outtoauto and oil and gas sectors. >>> and lafareholcim has seen a rise in net profit the building supplies company benefited from lower costs and favorable market conditions in europe and the firm saw oversalt sales decline. they achieved a 30% reduction in debt lafareholcim said they were building for growth at full speed confirming targets for 2019. >>> taylor wimpey confirmed its full-year outlook and announced a special dividend for 2020 but the third biggest home builder has seen a slight drop in p

aston martin to the downside. what a downside it is for the luxury carmaker, down some 20%.imism really stems the second quarter of 28% to mainland europe. that will stem a a lot of concerns about the effect of exports and what it means for for the british company given we do not have a deal on brexit. the ceo, interestingly, was saying that they are seeing more weakness and pound. pound continues to fall. maybe it's time to buy an aston martin. francine: there you go. i did not think about that. thank you. secondjust getting that quarter gdp out of hong kong, worse than expected, down 0.3% quarter on quarter instead of the estimated 0.9% gain. this probably has to do with a lot of the protests we saw in hong kong. let's get straight to the bloomberg first word news in new york city. >> we begin in germany. that's where the former ceo of audi has been charged with fraud in a diesel emissions scandal. he is accused of knowing about the deliberate diesel engine rigging and not doing anything about it. the scandal has cost audi parents about $33 billion so far. a large cut. tha

who gets the aston martin? in contributor and host of "entertainment tonight" michelle turner. explain for us the distinction between 007 and the character of james bond. they're not one and the same, right? >> no. bond is bond and daniel craig will still be playing james bond in the film. 007 is the code name for the agent, and so reportedly lashana lynch will be a new 007. daniel craig has said that this is his last bond film. he's done. he wants to retire and he wants to give it up so there's been a lot of speculation about who will take over the franchise because of course, there are still movies to be made. there was speculation that it could be idris elba, krims hemsworth and charlize theron was thrown in for a minute and reportedly it will be lashana lynch, a black woman the first time ever a woman or an african-american being able to play a 007, to be able to step into this role so it's a big deal and i heard you say shaken and stirred. i'm popping bottles about it, how about that? >> i like you throwin

two other earnings stories,s a ta aston martin, demand jumped worldwide due to strength in asia stockoreal underperformance in north america but impressive growth in china, malaysia, india, and sheet nvietnam. the fed expected to cut rates despite encouraging recent data. it's a different story in europe where there are still a lot of worrying signs about the health of that economy. take a look at the data we have received throughout this week. growth in france slowing unexpectedly last quarter. italy's gdp coming in flat at 0% italy entered a technical recession late last year, and then there's consumer confidence in germany dropping for a third month in a row just broadening it out to the wider euro zone, good to know that euro zone gdp is at 0.2% last quarter that's half the rate we saw back in the first quarter really supporting the case for the ecb to ease in september, but for now our eyes are on the fed. carl, back to you. >> you got that right, seema let's get a news update with sue herera over at hq. >> good morning again, carl, good morning everyone. here's what's happening

nejra: the earnings futures coming fast. ,et me get to aston martin taking immediate actions to improvethe. -- to improve efficiency. challenging external environment may have worsened. islesale correction disappointing. more news flow coming along. the bigger picture of trade between the u.s. and china is set to resume. they will resume trade talks for the first time since may. robert lighthizer and senior officials will fly to shanghai on monday. negotiations will run through wednesday. , senior partner / cio, sarasin & partners is with us. at's kick off what you call powerful tale in equity markets. we have some progress on trade. do you stay positive on equities globally? guy: yes, i think we are seeing typical trouble where you take a big issue, bring in robert lighthizer. it looks like a long battle, and november 2020 is coming up, and this stop at the edge of the cliff is enough to trigger a cautionary easing by central banks, but not enough to damage the economy. it is rocket fuel for equity markets. nejra: is it rocket fuel for all equity markets, or will some outperform others

luxury carmaker james bond favorite aston martin lost a chunk of its value. much did it lose and why? >> it lost 27% in one day of trade and they are blaming severe weakness in the uk, not the european markets and global macroeconomic uncertainty. they are going to start launching an suv later this year, hoping they are en vogue and last year they ipo in october and it is down 58% since the ipo at a value of $5 billion. one of the investors in aston martin used to make such a beautiful cars in the james bond series. stuart: they are not selling, not a good market for it. stuart: i can't recall last time i saw one. stuart: i like one but i am not seeing one. check the big board. we are down 70 points. the atlanta the it second quarter economic growth forecast. down to 1.3 from 1.6. that is what they have just done. the us chamber of commerce, the us, mexico trade agreement past, look who's here, tom donohue, president and ceo. i have known you for many years, great to see you again. >> great to see you again. stuart: everyone wants the us mca past except the d

first of all, aston martin went public last fall, and they are having a tough time of it.their results , like $45 million to the negative. they had a big expansion program, and raising questions that they may be a takeover target. alix: it was a tough environment for them. talking about apple, the analysts' takeaway was good enough for now. no one super excited to come about ok. you are selling iphones, services are better, china not that bad, but nothing really exciting this morning. david: making a big turn of a battleship is not always exciting. the third company we're looking at is general electric. joining us is brooke sutherland. some good news out of ge. brooke: some positive numbers, yes. they did see some stabilization in their power unit, which is hugely important. they turned an operating profit in that business, which is not always seemed easy in the past. perhaps more importantly, they say cash flow could actually be flat relative to that $2.7 billion burn last year. that is a positive development. they are raising guidance for the year. a big part of that is

the james bond 1965 aston martin db-5, auctioned off in august.is expected to fetch between 4 and $6 million it is considered the most famous car in the world and it comes complete, look at that, with fully functional james bond gadgets that is so cool. that's the news update this hour guys, i'll send it back downtown to you >> it is so cool i would never take it out on the road if i bought it. i would have it on display. >> yeah. it is meant to be driven, but -- >> that's what tracy morgan thought when he bought his car. >> that's really true, scott that's exactly right >> that's what he thought. he pulled out and two seconds later he got in an accident. >> all right >> some cars are better kept in the garage. >> over to mike santoli for the final dashboard of the day >> thank you, morgan calling this a sleepy expansion. a long and sleepy economic expansion. look at this chart, it shows you, by the way, we are now kind of celebrating the fact that we are now in the longest ever economic expansion we have in terms of months exceeded the 1990s expa

remember the aston martin, the mini cooper, all british cars. >> yes. >> and that's just helen's collectionwhen describing this film? helen, you can start. >> oh, i have to start? i would just say a fun ride, a great ride. it's like a -- what are those -- what they called in -- >> roller coaster. >> roller coaster. >> thank god it's not helter-skelter going swiftly downhill. >> how about you, jason? >> bigger, faster, funnier. that's three words. [ applause ] >> bigger, faster, funnier. i'm going to choose a cool word, it's vibey.t.deayk you. thank you for that shoutout. >> yes. >> i'd probably say spectacular. >> oh. >> all right. >> your voice got deeper as well. spectacular. >> yes. >> the way she said it was spectacular. >> helen, you have played so many classic roles. we all remember that oscar winning performance in "the queen." what drew you to a big action movie like this? >> well, that word, action. you know, that's what's fun. it's a very different experience. you know, we like to mix it up in our lives. i love to mix it up. i have lots of different experiences. i was dying to be