in february, it emerged that bain and carlyle had teamed up.has taken so is the significant due diligence that has been done by both private equity firms. but the company has faced some serious headwinds. it has massive exposure to the automotive sector. financiers don't feel particularly comfortable. there has been a lot of to and fro on whether the banks want to finance this deal. anna: how likely are shareholders to accept this? given what we know about what is being offered, the price and other details. >> i think it is quite a fair price. given how long the discussions have been going on, you would think they would have rallied interest toholder maybe make the deal go through. i'm sure the only reason they have tabled an offer is they do not feel confident the deal will get accepted. anna: any other bidders likely to emerge? bain and carlyle have worked so hard on this and are holding bilateral talks, it would mean that any other potential bidder whether it be private equity or strategic would have a lots of catching up -- complete the sam

with bain and carlyle at the helm to continue?ears, five years, longer? first, the process will take us until early september, which is the end of the will seee rate and we how we continue to develop the company, how much we will build and what other things we will do with the company but it is something you should ask bain and carlyle. 's cfo, great to have you with us on the show. let's check on the markets around the world. in london is annmarie hordern. you are looking at global markets and also the problem child deutsche bank. annmarie: let's start macro. as theseeing trading holiday closed u.s. markets. we do see more markets tending to the green. australia is up more than .7%. in the past half hour, we've seen a drive into the china csr, nearly .5%. in foreign exchange, it is all in the red and this is weakness on the emerging market currencies. you can see the rupee, hong kong dollar under pressure and in commodities, iron ore has the second day of pullback. aroundarly 3%, hovering 111 dollars a ton. there was expectation

bain and carlyle are offering 35 euros per share.pany's cfo says the deal is very good for the company. >> i think we will receive a very good support. and values the company on the base of the 2020 consensus. .t is nine times ebitda we would be in the double-digit range. from that perspective, i think it is -- for shareholders. debra: imagine grannies in running shoes delivering ramen noodles. that is uber's plan for expansion in japan. now it might sound ridiculous, but stick with me. the chief executive says the elderly are actually signing up to be uber eats couriers. now while most workers use a bike or scooter, he said that seniors in search of exercise are doing their deliveries on foot. china is sticking to its demand that the u.s. lift all tariffs as a condition for any trade deal. some u.s. officials have insisted that they will stay even after a deal as a means to enforce it. we spoke to standard's chief executive about the ongoing dispute. >> there will still be a lot of trade between the china sphere and the rest of the

now getting confirmation from wpp that they are in talks with bain for a stake in kantar. course after a rival bidder, apollo global management, is no longer actively pursuing a deal. let's turn to the other top story of the moment, iran says it has exceeded the cap on its stock of enriched uranium set under the 2015 nuclear deal. the move risks confrontation with european nations which have urged it to stick to the accord. joining us to talk about what is next is our head of national security reporting, bill fairies. the deadline was supposed to be thursday of last week. we had not heard anything. what happened? bill: iran has continued to process low levels of uranium. under the sanctions that went in place earlier this year, they were prohibited exporting that come along with heavy water. it was inevitable these stockpiles would build up. it puts quite a bit of pressure on european governments to figure out what they can do to de-process this uranium or declare the 2015 deal dead. what happens then is the european nations would be obligated to reimpose sanctions which t

we first reported on baines interest in november of last year. pain and carlisle -- that bane and carlisle had teamed up for the bid. we have a few months of hard to get to diligence -- of hard to diligence before making the offer. we understand there is a supervisory board meeting this afternoon to discuss the offer, which analysts say is very fair, and so they are hoping that because it has taken so long and they have been able to rally shareholder support, that the deal should go through. anna: what does this tell us about broader trends in terms of private equity buyouts? this is another example of public to private. why are we seeing this as a trend at the moment? : they are exciting and difficult to cover as a reporter because no one wants to have leak they are working on these public situations. the reason they have become so popular is because private equity has seen a lot of value or the potential for value in listed businesses that are undervalued and under loved on the public market. cheaper butr, not less competitive when they hold bi

i've been watching wpp and bain.ing part of wpp, specifically the kantar division that has been underperforming, part of the continued dismantling of the empire at wpp. lisa: it is a fascinating story as part of the incredible transformation of advertising. i'm watching anheuser-busch. they are kicking off what 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

they beat other bidders including bain capital and lone star funds.slashing a jury verdict to $25 million from over $80 million, the second case to go to trial over whether roundup weed killer causes cancer. the $75 million in punitive damages was too high and bayer has vowed to keep defending its popular weedkiller. -- has madeinvestor about $730 million, betting on burritos. the value of his stake in aaa surged as they hit a record high on monday more than three years after of food safety crisis shattered the stock. they say they have returned about 48% on investment this year through july 9. that's your bloomberg business flash. >> deborah, thank you. the eu is considering possible concessions that it might offer to the u.k. to avoid a no deal exit. this comes as officials brace for brexit talks to become more hostile under the next british government. you officials say last week's meeting was one of the most difficult encounters of the last three years. martin malone is the chief economic advisor at alpha book, and is still with nara and i this mo

wow serious shoes check out practical bain's rucksack the classical leather jacket was that special trousers that little fit the neat boy for you so there they are little things that. the germans love to walk of course but walking on those walking is on talks about seo goggle sunday stroll has long been established feature in the lives of many german families but a step up from this is vanda or hiking the difference isn't necessarily about grade you know strenuousness it's the band on involved planning a route and equipment. hiking is the most popular outdoor activity in germany whether it's a longer journey with stopovers in hiking huts or a quick day trip at the weekend young and old in any season they just love it. i fell for it does not in the mother's hands get arms off and one has been no matter if you didn't use this money i should also not. to mention such unfit to go to church and finding a speech to get you not someone as. soon hot globalization of church and disinvite and mankind. from kinder and i taught him to his lesson on trust on off relationship on the law to. the germans be

private equity firms carlyle and bain have put in a $3400000000.00 offer for german lighting group osram the company for years even subsidiary employs $26000.00 people the purchase offer reportedly includes guarantees that office locations and jobs will be maintained has been struggling to turn a profit in recent times a final decision about buyout is expected later today. by saying business with you. i'm still the they were more than tired and in the end there's a me you're not allowed to stay here anymore we mustn't do that. are you familiar with this. with the smugglers we're lions of. what's your story ready. i'm one i was and women especially are victims of violence. take part and send us your story we are trying in all weathers to understand this new culture. another visitor another you want to become a citizen. in for migrants your platform for a little information. from . welcome to culture we'll be traveling around the world to find out which splenda sets become unesco's new world heritage sites also coming up. you'll find it decorative. all over rural pennsylvania but they orig

private equity firms calomel and bain have put in a $3400000000.00 offer for a german lighting group both ram a company fully siemens subsidiary employs $26000.00 people the purchase also reportedly includes guarantees that office locations and jobs would be maintained has been struggling to turn a profit in recent times final decision about the buyout is expected later today. boeing has announced the creation of a $100000000.00 fund to support the families of communities affected by its deadly next 8 crashes in indonesia and ethiopia the news comes as the company faces a criminal investigation in the united states over the fate of passenger jets. these are the kinds of images imprinted in the minds of the families and friends of those who died in the ethiopian airlines crash in march. it was the 2nd deadly accident of a boeing 737 mach attributed to full t. software the 1st in october of last year the lion air flight downed in indonesia. now boeing has pledged $100000000.00 to support the families and communities of the $346.00 people who lost their lives a statement published on th

. >> they have confirmed they are considering a take over bid from bain and carlyle the company has seencome under pressure in the last two years and there's weakness in the auto industry they have been trying to revamp the group and move away to focus on more high-tech products elsewhere, a 4.5% drop in first half revenue britain's second largest home builder is focussing on improvement quality and home service is beginning the bear fruit. ab foods has group revenue at 3% ahead of the same period last year the company said poor weather in mac may contributed in a drop in sales but it could see an improvement in june. it maintains it's full year outlook and the chief executive at asda could make its market debut within the next two to three years. it would consider an ipo after the takeover bid was blocked by u.k. regulators in april while most spg hhas been agreed walmart will likely maintain a stake in the company he is the global head of consumer research here. >> pleasure. >> there does seem like a lot of consolidation and movement and new players coming to market will that continue

paul: ben bain, thank you very much for joining us.t to get to across some breaking news out of australia. production numbers for rio tinto for the second quarter. a little bit unexpected for iron shipped,million tons better than expected. rio tinto affirming its full-year guidance from 320 to 350 million tons for the year. still doubt h percent of the year -- 8% on the year. plenty more to come on daybreak australia. this is bloomberg. ♪ shery: you are watching daybreak australia. let's get the first word news. >> thanks. the british pound is at its weakest ever july level. a two-year low against the dollar and suffering a record run of weekly losses against the euro. further withen consistent falls against the dollar and euro in august in recent years. the pound may weaken as the u.k. conservative party chooses a new leader with a no deal brexit still a possibility. thetwo top banks working on budweiser asia ipo has said to be missed out on up to 170 milli-dollars in fees. jp morgan and morgan stanley would have split the cash have t

romney spent a bulk of his career at bain capital.ain capital invented all that is a familiar investment strategy, takeover and run up the debt, extract the wealth, and move on, sometimes leaving retirees without their earned pensions. romney became fantastically rich doing this. meanwhile, a remarkable number of the companies are now bankrupt or extinct. this is the private equity model, the ruling class is nothing wrong with it. it's how they run the country. mitt romney refers to unwavering support for a finance-based economy and an internationalist foreign policy as the mainstream republican view. he's right about that. for generations, republicans have considered it their duty to make the world safe for banking, while simultaneously prosecuting ever more foreign wars. modern democrats support those goals enthusiastically. there are signs, however, most people do not support this agenda and notches here in america. in countries around the world, france, brazil, sweden, philippines, germany, many others, voters are suddenly backing

baines, a bomb, aloha. and tied at 2-2. to extras. there it goes.at" olson sends everybody home happy. drive home safely. and the a's, another walkoff. 3-2, in ten. >>> giants and philly. need an infielder with great hands? the lefty snag bare hand. scoreless until the 4th. base hit off of tyler beady. 2-0, phillies. in the 5th, rhys hoskins, he has left the building. his 23rd. phillies lead 4-0. giants are trying to come back. brandon belt pinch-hitting. he golfs this thing out of here. solo homer. the giants get on the board. also pinch-hitting in the 8th, that's gone, too. the comeback, though, would end there. phillies win 4-2, lead the giants by 2 1/2 in the race for the second wild card position. >>> reds and pirates. amir garrett, he's look for a fight and he's going to find one, taking on the entire pittsburgh bench. i'm going to punch you in the face! absolute mayhem. yasiel puig, he was traded, but not to the pirates. ended up being ejected for the third time this season. crazy. what a sunset tonight in san jose for the silicon valley clas

also indorted todayr oriole and native of the eastern shore of maryland, harold baines.er former oriole joining him, mike mussina who spent hise first nieasons in baltimore, his final nine in new york. 270 career wins in his career. the mouss took time fa thank th ns. >> to the orioles fans who came out every game o48,000 stron support us and to support me, thank you. i have some great baseball th memories froe years and love pitching in orange and black. thank you to my mom for convincing me to get back on my bike and go back to that first practice. for washing my stuff. f making me lunch. an fornally ly allowing me to stop taking piano lessons becau it wasn't working out. you're pieces of a giant puzzle. the final product would not be complete without you. thank you to baseball for an awesome ride, to all the fans t for supportiis great game and all of you for being here with me toda thank you. >> pretty awesome there. >>> all right. to the pitch, ben olson and d.c. united coming o a big roadwin on thursday in cincinnati trying to do the same in atlanta. 13th minute, b

going to notice a difference getting outside still well into the 90's inland with 60's and 70's by the bain coast, i've got more on your forecast and talk in that weekend to that's going to be so hot still to come. >>robin all right, thank you john now, let's check in on traffic. i don't have any hot spots for you heading into san francisco. so that is good news for your morning commute. there's a mine their weight in the cash lanes only at the bay bridge toll plaza. but folks have been behaving 9 minutes to make your way off to fremont street we're checking in on the san mateo bridge as you cross the bay this morning heading west will be 11 minutes. that's a quick average to make your way from the hayward side leaving the nimitz over to the senate hail side connecting with one on one. here's what i want to cross the golden gate not as much fog we normally have a lot of fog across the stand this morning looking good 19 minutes to make your way from nevado to san francisco in really good shape. we're checking in on the drive times here and i keep looking at the shore freeway because we don't

baines maverick for now is earned his 1st win of the season at the most dutch moto g.p. a yamaha driver held off a strong challenge by world champion mark mark has he finished 2nd to extend his over lead to 41 point. of the most successful side in the history of the copa america you're why won't be adding to their 15 titles this year they were beaten on penalties by peru and the last of the quarter finals like so many games in this year's cope with a video system to referee played a huge role this time around europe while you were the team that suffered they had the ball in the net not once but twice and both times the goal was disallowed by bar no goals in regulation or extra time either so to penalties barcelona striker luis suarez the only player to missed meaning and since laura's successfully kicked cents per room through. ridge says he's in perfect shape to retain his wimbledon championship 12 months on from his unlikely title win at the all england club a year ago jock which arrived at the tournaments struggling to shake off a long term elbow injury 2 weeks later he departed with

has confirmed a 3.4 billion euro takeover from bain an carlyle.t warning in a year. that is the bloomberg business flash. francine? francine: there is growing concern that the 2015 nuclear treaty with iran is about to collapse. president trump took to twitter yesterday to warn to iran -- tehran not to step up its uranium enrichment. he warned them to be careful. this comes after president rouhani said the islamic republic would step up enrichment if europe fails to offer economic aid by sunday. joining us now is bloomberg internationals government executive editor. marilyn watson and mike gallagher are still with us. this is something that we have seen the president do before. i threaten, then i get back, then i threaten again because he things he gets a better deal out of it. should we take this as a serious threat? marilyn: this is donald trump threatening iran in response to iran's threats. tehran is seeing how far it can push things right now. even as donald trump and says i want to have talks to threatening action, it is clear he does not wan

also inducted, harold baines, out, guns out.eds wore their 1961 throwback jerseys yesterday against st. louis which meant no sleeves. some players did a little weight lifting in the dugout to get the full effect. it didn't help on the field. they lost 3-1. >> that's how i get ready for this show every morning. >>> up next in "the pulse," the new pictures showing a very grown up prince george. >>> also ahead, the close encounter with a great white. see the dramatic moment a shark steals a fisherman's catch. >>> plus, a baby alligator taking a dip in the pool. wait until you hear where this happened. wait until you hear where this happened. ♪ go wnur o way copd tries to say, "go this way." i say, "i'll go my own way" with anoro. ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro wo

the first five named at the ceremony were lee smith, mike mussina, edgar martinez, harold baines and the late roy halladay. fittingly the closer today was yankees relief pitcher mariano riverae , who holds cord for saves with 652. rivera is the first pler in history to be voted into the hall of fame unanimously. that'sio all for this editn of" pbs newshour weekend." i'm hari sksenivasan. th for watching. have a good night. captioning sponsored by wnet captioned by media access group at wgbh access.wgbh.org >> pbs newshour weekend is made possrible by: ard and irene schwartz. sue and edgar wachenim iii. the cheryl and philip milstein family. the j.p.b. foundation. rosalind p. walter. barbara hope zuckerberg. corporate funding is provided by mutual of america-- designing customized individual and group retirement products. that's why we're your retirement company. ditional support has been provided by: and t corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. be more. pbs. masters: american history is often told looking from t

deal with morning sickness, migraines, and ich is sion, why vicki joined mothers mary, a group se bainada where marijuana is legal nationwide. >> cannabis saved my life. if i hadn't gone the way of medical cannabis, i don't think i'd be here oroday. >> repr: but researchersay they don't know whether cannabis is more o effective thaner anti-nausea treatments, let alone safe. is it worth the risk? >> i've seen my children, they hit every milestone. they're developing beautifully. >> reporter: a risk e hese mothers willing to take. morgan rrd, nbc news, montreal. >> we willake a break. >>> up next, a man scales his way down a burning building. why some are calling him a real-life spider-m we're back. ng on irreversible joint damage. ongoing pain and stiffness are signs of joint erosion.an humiraelp stop the clock. psource of inflammation, ha that contributes to joint pain and irreversible damage. humira can lower your ability to fight infections. including tuberculosis, faand cancers,in uding lymphoma, have happened;av as hblood, liver, and nervous system problems, serious allergic reacti

or they fell for that story right and they even bain and the child you know they taking advantage of people right even from their own party and then people like me that when we work we work 67 days a week especially after the hurricane 5 just to make sure we could survive and make sure our businesses were ok and our family members ok you know i think the difference was that people when people were making themselves millionaires some people had been couldn't even keep their insulin their grandmother's insulin and so they could get medicine so i think you know it might seem like is reportedly going to be and the only people that are saying we're open for business comfort tourism you know where the pain people are benefiting from and i'm not saying that of course we want people to come we want people to see what they should have been a priority when people are going hungry ok. in san juan thanks so much for coming on late night i suspect you'll be out partying full most of the night still to come you know time local time real good to talk to you thank you. we move on north korea has con

well i accept the mascaras there james bain stories where i live on sat said james a fierce escalation of violence very hearing some orrible 1st hand accounts there was sort of response a real a plea to see from the ensor national teensy i've been working the phones and clearly this has shocked people been busy already in new york i'm told by diplomats on the u.n. security council they've been trying to get information so far they have no firm information as to who was responsible some of the security council countries have already been meeting i'm told it's only 9 am in new york the u.k. the u.s. and france the so-called peace 3 the permanent members who are the western countries have been meeting with 3 other key countries italy the u.s. and egypt they've been trying to come up with a common position a common statement but i'm told it's difficult to get the u.n. in egypt on board for something that the others would all agree on and the idea is if they could come up with a statement then that statement could perhaps form the basis of something to take to the entire 15 member security

trays and since then they artistic director brian logan has come to every little purchase that there's bain and you know coming through has been very involved with things locally and the camden papers there is just around the corner from st james' gardens hay is brought back to life one of the dead from st john's gardens am revolutionary figure i'll tell you it will. this other bag of the capital but all the bodies which were being distant from the store was this one of the characters yes it was there who's who's being unfairly and then simply removed i was arrested which has to a saying now that there's $63000.00 bodies but 63063000 which is a little bit more than we thought it was going to gruesome so we will be good to go well that's the problem we still don't know and as far as i know the vicar of st pancras who has care for the souls of the dead she still hasn't been told so we are concerned about that and legally every chance to just sort of build those 3 believe yards of folk to look at a holiday devoted of sight the protection you know we wish there was i mean the church to petition

the german lighting firm osram confirms it has received a $3.8 million takeover proposal from bain capitale. the company's board will meet today to vote on the agreement. in march osram issued its fifth profit warning in just over a year. the company's lights are used in cars and smartphones. that is the latest bloomberg business flash. coming up, we are live in boston with the matt miller getting ready for the boston pops concert and fireworks spectacular. this is bloomberg. ♪ ♪ guy: some of the numbers behind the boston pops fireworks spectacular. let's go there now to boston where we find bloombergs matt miller. you are on the stage. what does the view look like? matt: there is a lot more sun here that i typically experience at the european central bank in frankfurt. a very different climate and even a little bit more exciting, depending on the meeting. some of the ecb meetings can get crazy now with christine lagarde. i am looking forward to it. these people have been camping out all night long to get the best the to see the boston pops. some have been coming for 10, 20, or 30 years. t

coming up in the next hour, bain and company partner. ."loomberg daybreak regulators in dubai have proposed their largest fines ever. a private equity firm will have to pay $350 million, accused of serious wrongdoing that includes unauthorized activities and misusing investors' money. a former managing director pleaded guilty to conspiracy charges in the u.s. last month. nintendo reporting fiscal first quarter profits that missed the lowest estimate. consumers didn't care much for the japanese company's lineup of new games. nintendo says operating income fell about 10%. it left its full-year forecast unchanged. capital ones has a massive data breach exposed personal information of 160 million people in north america. a former amazon employee has been charged. servers rented from amazon's cloud services unit stored the data. capital one says it is unlikely any of the data was used for fraud. i'm viviana hurtado. that is your blumberg business flash. alix: feeling better about -- your bloomberg business flash. alix: i'm feeling better about t

the board of a german lighting company says it supports a takeover bid from bain capital in the carlylewho have teamed up offer 35 euros per share. the board says it will recommend shareholders accept the offer. the firm has struggled since it was spun off as a standalone company in 2013. has: an indian court approved a $6 million purchase of a bankrupt steel corporation. they order the proceeds of the deal must be shared fairly. the decision can still be challenged in india's top court, but it paves the way to dashboard to become the nation's fourth the just producer. up next, it is a budget day in india on the back of forecast growth to rebound. we will have details and analysis in a moment. this is bloomberg. ♪ paul: it's 8:30 a.m. friday morning here in the day. the market open is 90 minutes away. calm right now. u.s. equity markets closed, july 4 holiday, so not a great deal of lead-in to push markets one way or the other. i'm paul allen in sydney. shery: i'm in new york where it 6:30 p.m. you are watching "daybreak australia." let's get to first word news selina wang. parts of cal

government, but, this continues under every administration, republican or democrat, it is really the bain ye generations who wil eat the giant turd burger. kennedy:'s turd bur burger of or president's making, one crappy patty after another. >> he is not a oligarch, he does not get to decide everyone, this came from president. kennedy: he is being fiscally irresponsible limbing, it is -- lemming. >> it starts in the house, i don't care kick them out all. >> i'm with you. kennedy: your thoughts on this because, you i ask to ask you about so-called squad, video surfaced from trump rally in 2016 where potty mouth ta like , was escorted out, calling trump supporters crazy, loco, the president spoke about tlaib who is as you know now a congresswoman from michigan. >> that tlaib, tlaib. from michigan, right, a freightt state, there is no way she stands for the values of the people of michigan. but i watched her this morning, she is vicious. she is like a crazed lunatic, she screaming this is before he government into congress, who elected her? this is not a sane person, folks. kennedy: so, how d

liana: symantec's board has representatives from bain and silver lake.hey will have to involve major shareholders. broadcom was built up through private equity roots, worked with silver lake and other firms. heavye equity does weigh here but we don't know the structure of the deal and how it will participate. caroline: we will wait you to break that next. the anna baker, harsh, thank you harsh, thankr, you. cracking down after facebook. we bring you the latest next if you like bloomberg news, check us out on the radio and bloomberg app, bloomberg.com and sirius xm. this is bloomberg. ♪ ♪ caroline: facebook is the latest company to come under the e.u. scrutiny. they sent questioners about a range of practices as they seek to determine whether the social squeak uses its size to out competition. they are looking at the sales platform and how it uses shares data from apps. the company will respond next week. the e.u. is also looking at dmazon and they have fine google. david kilpatrick at max chafkin joining us. max, we will start with you. does facebook hav

romaine: that is ben bain reporting from washington. thank you very much.ing to turn to the news on broadcom and symantec halting discussions on a proposed merger. here to talk more about this, we are joined by a senior analyst for semiconductors and tech hardware at "bloomberg intelligence." this did not come as a complete shock. do we have any sense as to whether these companies can get a deal done or is broadband -- broadcom moving on? >> there are pros and cons for both sides. the fact they have found a software asset with $5 billion in revenue that they can extract a lot of synergies from is a positive for broadcom. at the same time, there seems to be some hiccup on price. the other company currently does not have a ceo or cfo and has had accounting-related investigations. there is no revenue growth in the market it is participating in. in a lot of ways, i think symantec needs this deal more than broadcom because broadcom has potentially other options. symantec could also go private as others have. there are pros and cons for both parties. i think at t

liana: symantec's board has representatives from bain and silver lake.y will definitely have to be involved somehow, they are major shareholders. broadcom was built up through private equity roots, originally they worked with silver lake and other firms. private equity does weigh heavy here but we don't know the structure of the deal and how it will participate. caroline: coming up, twitter announces rules that might hide tweets from president trump himself. will this set a new standard for other social media? and we are live streaming on twitter, check us out and follow our breaking global news network at tictoc on twitter. this is bloomberg. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simp

lets speak now to dr ella co bain lecturer in security and crime science at university college londonicking. thank you forjoining us. we were hearing and that report, notjust the appalling details of the treatment of these victims, but the scale of it. 400 victims. were you surprised that? i think in terms of the investigation and the prosecution, absolutely this is a huge scale. in terms of the pattern of offending and exploitation, it is definitely towards the extreme end of the spectrum, but i wouldn't say it is exceptional and what is happening in the uk. we are hearing about the way these men and women we re about the way these men and women were treated, how typical do you think that is in these sorts of cases? in terms of the work that we have done on trafficking, 450 cases of trafficking victims than the eu, it is enormously typical. so the stories about bank accounts being controlled and recruitment mechanisms being used, about the limited money, the squalid conditions. these very much resonate with the standard patterns. of course, much of this is hidden, but how big a probl

. >> mike the campaign to overturn the e-cigarette and is back by juul which is bain san francisco ands the country's largest e-cigarette company. >>> doctors say they made a breakthrough in the search for an hiv care. researchers at the university of nebraska state they eradicated the deadly virus in live mice using existing technology. current hiv treatments will not replicate prevents people from developing aids. doctors are setting a technique that involves two injections which have been shown to attack the virus was stopping it from replicating. >> we can control it. we can restrict it for long periods of time. >> hiv has the potential to be eliminated. >> the next step is expanding the technology so it's effective in humans. researchers have to ensure the injections don't negatively affect other bodily functions. >>> a new government report shows dire conditions inside migrant detention facilities. the new photos that are amplifying concerns from protesters about the handling of thousands of migrants held at california's major cities? we have the reaction from mayors of san franc

. >> the board of semantic has private equity representatives from bain and silver lake.will have to be involved somehow. broadcom was built up through private equity roots. is heavy here but we don't know the structure of the deal and how they will participate. twitter announces a rule that might cause problems for president trump himself. bloomberg technology is live streaming on twitter. to follow our breaking news network tictoc on twitter. this is bloomberg. ♪ ♪ caroline: welcome back to "the best of bloomberg technology." the u.s. president routinely posts comments that might get a lesser-known person suspended. now twitter will hide rule behind acontent warning label that will say the tweet has been left out because of legitimate public interest. users will need to click past the emily chang caught up with label to see the post. emily chang caught up with several other individuals. kurt: there wasn't that moment where everyone was like, there is this fake news going viral, and that is is what facebook and the point. that is is what facebook and twitter want. they h

he is now managing director at bain capital and cochair of serving american together with other leaders stanley mcchrystal and bob gates. we welcome governor patrick to bloomberg. gov. patrick: good to be with you. david: tell me what you're up to with this server america together notion. what is it? gov. patrick: it is an initiative general mcchrystal and others have been working on for a long time. making service universally available and the expectation of young people growing up in america. the server america together presidential challenge is to make sure this notion of encouraging national service, whether it is military or civilian is something the candidates have thought about and are encouraging to take a position on, because we are at a time where the nation needs everybody on deck contributing what they can and we do not know each other well enough as citizens. getting out of ourselves and in contact with others from different backgrounds, different orientations, different ways of thinking about the world and serving together in strengthening our communities, both here and ab

liana: symantec's board has representatives from bain and silver lake. they will definitely have to be involved somehow, their major shareholders in the company. broadcom was built up through private equity roots, worked originally with silver lake and other firms. private equity does weigh heavy here, but at this point we don't know exactly the structure of the deal and how it will participate. caroline: we will wait you to break that next. liana baker, harsh, we thank you. coming up, the eu continues to crack down on tech companies because of antitrust issues. this time it is cracking down after facebook. we bring you the latest next. if you like bloomberg news, check us out on the radio and bloomberg app, bloomberg.com and sirius xm. this is bloomberg. ♪ caroline: facebook is the latest tech company to come under e.u. scrutiny. they sent questioners about a range of practices as they seek to determine whether the social network uses its size to squeak -- squeeze out competition. officials are also looking at the sales platform and how it uses shares d

outside adding more loading zones in the loading outside the protected bike lanes and the buffer like baines can work really well. where does it switch being two-way or do we anticipate have that being ultimately two way the entire length of folsom and howard? >> howard is two way from 11th street to the embarcadero. on folsom, there's a two-way section at second street going to the embarcadero. the design for that is to have a protected bike lane on each side of the threw a combination of marking signal timing and signage, we feel pretty confident we can do that. >> that's exciting. it will be great. i would just say let's be sort of as aggressive and cautious as we can when it comes to anything that is an intersection that is a mixing zone although i really like the improved folsom and howard. the mixing zone still continues to be a little sketchy because most -- not most drivers, a lot of car drivers don't seem to recognize what the little yield arrows mean. as director torres said, the raced crosswalks help so much maybe we can figure out something like that if we have mixing zones in th

these companies have this history, >> the board of semantic has private equity representatives from bain silver lake. they will have to be involved somehow. there major -- they are nature shareholders. broadcom was built up through private equity roots. originally they worked with silver lake and other firms so private equity is heavy here but we don't know the structure of the deal and how they will participate. caroline: coming up, twitter announces a rule that might cause problems for president trump himself. with this set a standard for other media? be sure to follow our breaking news network tictoc on twitter. this is bloomberg. ♪ ♪ caroline: welcome back to "the best of bloomberg technology." they new label on twitter will flag -- the u.s. president routinely posts comments that might get a lesser-known person suspended. now twitter will hide rule breaking content behind a warning label that will say the tweet has been left out because of legitimate public interest. users 20 the click past the label to see the post. chang caught up with -- kurt: there wasn't that moment where every

>> symantec board has some private equity representatives from bain and silver lake, so they will havenvolved somehow. they are major shareholders in the company. broadcom was also built up through private equity roots. originally they had worked with silver lake and some other firms. so private equity does weigh heavy here, but at this point we don't know exactly the structure of the deal and how they'll participate. caroline: coming up, twitter announces rule that might heighten tweets from president trump himself. will this set a new standard for other social media? bloomberg technology is streaming on twitter. check us out @technology and be sure to follow our global breaking news network @ti tictoc on twitter. this is bloomberg. ♪ wanna take your xfi to the next level? 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 stream, surf and game all you want, with confidence you can get coverage

. >>> bain capital and the carlyle group have agreed to buy osram for $4 billion they make l.e.d.d lights for stage and film sets and growing plants indoors in the u.s. it owns the sylvania brand. osram backs the buyout bid shares are higher today after jumping 13% on wednesday >>> the uk's antitrust regulator is considering whether to launch a probe into amazon's investment in food delivery service deliveroo. in may amazon said deliveroo would lead a 6$600 million funding round. uk investors have imposed an initial enforcement order which prevents businesses from pushing ahead with a tie-up. in a statement amazon says its investment would be positive for consumers. deliveroo uses 60,000 riders to deliver meals from 80,000 restaurants in 14 countries. >>> general motors says sales in china fell 12% in the second quarter. the ate utomaker said they werei by slowing economies and increased competition for mid priced suvs. it's the fourth straight quarterly sales decline for gm in china there was a bright note. sales of gm's luxury brand cadillac road by 36% >>> from china to the u.s

liana: symantec's board has private equity representatives from bain and silver lake.will definitely have to be involved somehow, they are major shareholders in the company. broadcom was also built up through private equity roots, originally they worked with silver lake and other firms. private equity does weigh heavy here, but we don't know the structure of the deal and how it they will participate. caroline: coming up, twitter announces rules that might hide tweets from president trump himself. will this set a new standard for other social media? and we are live streaming on twitter, check us out and follow our global breaking news network at tictoc on twitter. this is bloomberg. ♪ caroline: welcome back to "the best of bloomberg technology." the u.s. president routinely posts comments that might get a lesser-known person suspended. now twitter will hide rule -breaking content behind a warning label which will say the tweet has been left out because of legitimate public interest. the label to see the post -- users will need to click past the label to see the post. em

. >>> wpp is in talks to sell its majority stake in kantar, that involves bain capital. it stressed there was no certainty that a transaction would actually happen. if you see the share price on the back of that news, it's lower today, down by 1.75% it's seen a 19.5% increase over the last three months. >>> deal talks have been ongoing there, and the company heard from several private equity firms before proceeding to a second round of bids in may. my colleague asked about the bid process. >> it's been an energizing process. we're all excited about it we're excited about the opportunities it would bring there's a couple buyers who have been incredibly engaged. we spent a ton of time with them they have a good sense of what life would be like with them as partners and shareholders. we think there's a lot we could do in that kind of setup that we couldn't do within wpp we're all excited about it >> let's look at the banking sector deutsche is in talks with regulators about reducing its ceti ratio they have discussed the plan with bafin and the ecb >>> in the uk, one in thr

amanda: great to have your thoughts on this, ben bain, matt stoller. thank you to you both.inder, fed chair jay powell is speaking on monetary policy at an event in paris. bloomberg subscribers can watch that speech on live . from toronto and new york, this is bloomberg. ♪ mark: this is bloomberg first word news. european union parliament has can armed ursula von der leyen to be the new head of their commission. they voted in france today to approve ursula von der leyen's nomination. she will be the first woman to serve as the european commission president. she was a last-minute candidate to ask -- to proceed jean claude juncker. reportscharleston post that former south carolina governor mark sanford is considering a primary challenge to president trump. he told the newspaper that he will decide whether to run over the next month. governorved as the from 2003-2011. he was elected to congress in 2013, but lost to republican primary in 2018, after the president endorsed his opponent. senators today have been sharply questioning facebook's plan to create its own digital mon

martinez and bain. the late roy halladay. the age of 40. best explained today by his widow, brandy. >> i think roy would rather be remembered by who he was, not what he did on the ball field. the kind of brother who left cash in his pockets when he asked his sister to help with laundry, saying she could keep whatever she found. he was a great coach, a nervous husband, father, only because he so desperately wanted to be as great and as successful as he was at home in baseball. >>> the british open will come back to northern ireland the first time in 68 years and an irishman wins it. shane lowry took a four-stroke lead in today's final rounds. tommy fleetwood had a chance to catch y after bogeying eight, nine, 11, but made a great save out in the bunker there. par 13, combined with a double bogey for cleveland at 14 and a birdie by lowry at 15. you've got a final of 72 and a six-stroke win allowing lowry to walk up the fareway and saver the biggest moment of his career, pulling for him the entire way. that will forever signify

bain and carlyle are offering 35 euros per share. >> we will receive very good support.emium advise the company on the 2020 consensus night, significantly -- if you look at the multiples, we would be in the top digit range and from that perspective -- shoesnnies in running delivering ramen noodles. that is uber's plan for expansion in japan. it might sound ridiculous, but stick with me. the chief executive says the elderly are actually signing up to be uber eats couriers. most workers use a bike or scooter and seniors wanting exercise delivering on foot. that's your bloomberg business flash. nejra: thank you. italy has avoided punishment from the eu over its growing deficits but the truce will face its biggest test in a few months when the government has to deliver its 2020 budget and with the deputy prime minister promising tax cuts worth 15 billion euros there were already fears of renewed tensions. joining us to talk about the outlook for the italian economy from the lewis university in rome. thank you for joining us. we got through one hurdle and have seen the reacti