barclay: yes? who is it? mrs. barclay, it's anahita menendez. who?! anahita from 4d. purse with my keys. would you please buzz me up? [ buzzer ] [ screams ] [ kettle whistles ] well, thank you, darling. martha, what do you think of rick's p.i. venture? well...it's always been a big fantasy of his to be a private investigator, and he says that things are picking up and he's getting more calls at the office every day. yeah, from fans wanting to meet him or people with crazy theories about where he disappeared to for two months or cases that aren't even worth looking into, like missing cats. oh, well, that does seem a bit beneath him. you know, he did this because he was hoping that we would be able to work together again

. >> penn state running back barclay having the most running yards and touchdowns in the country last year believes he can be better this upcoming season. they open four weeks from today. coach franklin is telling his players don't get caught up in the hype like he didn't get caught up in the negativity when penn state champs were chanting fire franklin last season. >> you can't listen to the praise now more than i didn't want you to listen to the criticism early on. that's me as well. minnesota, you know, the fans telling me how they felt. >> yes, they did. kick it to soccer, union has never won a match against dallas. they are six points out with a dozen to go. union back at home after losing the last three on the road. cj scoring twice tonight for the team. eleventh and 12th goals of the season, one in the 17th minute how about another, five minutes later, union wins 3-1, first ever against dallas picking up three crucial points in the standings. finally, congratulations to monet davis and the junior rbi team today. jackson making a great grab, 8-6. hendricks making the final out r

will hobbs is head of investment strategy at barclays.ing to bring you mario draghi's speech. it is live from germany, where he addresses the sixth meeting on the economic sciences. he is due to start speaking in just a few minutes. ♪ manus: wpp have sent a warning shot to the marketplace. the stock is down 9.41%. bloomberg is speaking to the ceo on the phone. saying it is a very tough business environment. the second quarter was tougher than the first. that stating perhaps a very obvious statement. he does go on to say there was a seminal event in q1 which was forfailed kraft bid unilever. reverberated throughout the industry. that hit advertising spending. if we go back to the context of what wpp have said to the market, they warned that spending coming through on consumer goods companies is where the real pressure has been. it cut its full-year forecast amid lower spending by customers in consumer goods and manufacturing. let's get your business flash. sebastian salek is standing by. sebastian: let's get more on that story. shares have

this afternoon the barclays are crediting an open fire inspector that saw the images that were put outlicly and spotted the suspected attacker near ninth and broadway in oakland around 8:30 am this morning. the fire inspector flagged down the bart police officer for help and eventually the barclays in oakland police department will able to take the man -- were able to take the man in custody without issue. they believe the man is behind the two violent attacks aboard the bart train. in one casey plays a man in the face several times on sunday and last week on thursday in a separate case he struck the passenger in the head with bold colors near the bayfair station in san leandro. the bart police were certainly worried he would strike again. >> we were very concerned because we do not know what his mental instability is. he could do this in the bart or in the city. we were very concerned and we are happy it came to a peaceful ending this morning.>> reporter: in both cases the victims suffered non-life-threatening injuries and both are expected to recover. so far the bart police are not r

shares in barclays and rbs have been a bit ofa shares in barclays and rbs have been a bit of a drag., more later. we are hearing from catalonia police that an incident is under way in a suburb west of barcelona and that it's suggested that this is the arrest of younes abuyaqoub who police suspect was the driver of the van who killed 13 people in las ramblas. conflicting reports as to how this incident has happened. spanish radio saying a man wearing an explosive belt was shot down in an explosive belt was shot down in an area west of barcelona whilst the spanish newspaper says younes abouyaqoub has been arrested with no further information than that. catalonia police are saying an incident is under way west of barcelona near cambrils which is why we are showing you the map. the hunt for younes abouyaqoub had been spread to the rest of europe after reports he had kill add 15th victim, stabbing him and taking his car. that news then alerting police across europe that he could be on the move. what we are hearing now from barcelona, in fact i'm just seeing something else. yes, no confirm

barclays decided to set up its new based in amsterdam.lays have decided to set up its new based in amsterdam. barclays have gone elsewhere. there is a lot of competition, is in there? that is absolutely true. one is to make a difference between the place where the financial institutions decide to put their legal entity, and the place where they would locate their activities. at a number of those which said that they would choose, 01’ which said that they would choose, or have chosen to have their legal entity, at least for the first two yea rs, entity, at least for the first two years, in, say frank little amsterdam, or dublin, they have told me they intend to concentrate sizeable activities in paris. —— frankfurt. so it is not because the hub or the legal entity will be somewhere that it will be a concentration of all activities there. so i think it is a bit misleading to just look at those news. by the way, mufg that you just mentioned as already had a bank in amsterdam. so they keep using their banking there. is this what you are being

barclays seems to have scored hereby getting an advisory role.rgan is going to be looking at other companies now, right, in this space as are some other big american banks to see how they can expand and get a pie of this disruptor action. mark: great stuff. thanks for filling us in. vonnie: shares of disney falling again today after the company reported a rare drop in revenue on profit last quarter. the company also announcing it will stop selling movies to netflix and begin streaming its own entertainment programming directly to consumers. bob aiken talked to david westin about the strategy. bob: we have seen a pretty dramatic shift in the way media is consumed. it is becoming more and more at based -- app-based. i see it with my kids and grandkids. a lot of the consumption is on over-the-top direct to consumer services. vonnie: yes. that was bob iger their last evening. joining us now is cory johnson. we talk a lot about this new product that we will get more details on down the road sometime and so forth, but some other interesting things abou

barclay's addressed that this morning. they are focused on the business issue as well. that's what they do and that's what we do what barclays was saying was that there are fewer electrical outages now than there were in 2005 and 2008 and other big storms which is good news. however, the global markets are now more reliant on u.s. gulf coast refining than ever the concern is that the things like labor shortages, infrastructure issues, no roads, can't get to your jobs, may make these refineries be offline longer than some have estimated. we are actually exporting some oil from the gulf coast, guys. the good news is that if they don't want to export that, because you can't, because the port still remains closed and if i can swim out that way about five miles, there are probably about 100 super tankers. maybe some of that exported oil can be reversed and brought back to help fill some of the supplies they have to get it out of here to be refined anyway it is still very much raining. we are going to be here all day talking about this story and trying to give you updates >>

en el crecen la un de la universidad de california en barclay. tenemos cobertura especial.robÓ el permiso para que se ven a cabo una pro testa en el parque krispy de san francisco, aumentando temor de que haya brotes de violencia. el alcalde dio un enÉrgico mensaje a quienes promueven el odio llamÓ a realizar una contra protesta pacÍfica. luz peÑa tiene lo mÁs reciente de esta polÉmica. los dos . con la aprobaciÓn final del permiso que manifestantes de la ultra derecha puedan protestar en el parque, lÍderes de san francisco aseguraron que esperan miles de personas en esta zona. >> no tenemos jurisdicciÓn sobre el parque nacional pero si tenemos la responsabilidad de mantener la seguridad para proteger a los residentes de san francisco. es lo que el alcalde de san francisco declararÁ su oposiciÓn a este permiso . la primera en mendia le da poder a grupos de supremacistas blancos y a sus opositores a llevar eventos como estos. >> tendremos una presencia muy grande de autoridades en el parque como tambiÉn en la municipalidad de la ciudad. alentamos a las personas a que vengan.

they are partnering with the british bank barclays. they would likely give points or credits for rides, but few details so far have been released. a hacker targeting your favorite shows on hbo. entertainment weekly reports hacker stole the script for next week's episode of "game of thrones." they also leaked episodes of "boller's" and -- episodes shows.ers" and other an uninvited guest at a newsroom in australia. jonathan: a real snake made its way into the editing room. the crew did not get worked up or even call in animal catcher. one of the managers used a coat hanger and shopping bag and put him in the bag and away he went to the outside. alison: i mean, look at that. jonathan: snake. alison: not even a sound out of the. jonathan: steve would have done the same thing after holding it for a little while. steve: yeah, glad we don't have that. outside right now, rehobeth beach, delaware, has quieted nicely. a nice stretch of days for the delmarva beaches. in some changes closer to the upcoming weekend. frederick and dulles, 77 at reag

barclays saying it will go back to 50. pay attention to that trade.atch what is happening with south africa today. that is a story to pay attention to. what's going on in these markets. incremental stories, interesting stories, we aren't getting -- it is august, after all. the big shifts at the moment, but wait for that to happen. sophie kamaruddin. trade surplus widening for a fifth month in july as exports remain solid while imports moderated. 7.2% in u.s. dollar terms and imports increased 11%. both falling short of economists suggestions in a bloomberg survey that meant the bloomberg widened.s japan has recorded a 36 consecutive current-account surplus coming in at 8.44 billion dollars in june. that was supported by global investment firms and the trade balance that returned to positive territory. north korea has condemned the latest round of human sanctions and reiterated that it will not negotiate over its nuclear programs until america ceases hostile policies. kim jong-un's we seem said there would -- they would pay dearly for the sanctions. th

barclays says better wages especially for the least educated groups have brought these women back inank heaven for prime-age women is what that suggests. labor force participation from prime-age workers is rising indicating more slack in the labor markets, sharp markets than the sharp fall in the unemployment rate. barclays sees a pattern, a series of tight labor markets would bring our wage hikes, and coax more workers back into the labor market should be patient with wage hikes and allow them to put americans back to work. we're going to bring in -- >> no, no, you're on a roll. let's bring in princeton university economics professor alan krueger good morning, alan so i'm a little confused here. i thought there weren't people to come back where are these workers coming from that are getting 200,000 every month? and can it last? >> we don't see too many workers coming back. in fact transition rates from out of the labor force back into the labor force is continuing to edge down. the labor force participation rate has basically held steady it's exactly where it was in january of this

barclays is planning on charging $39,000.lysts say that jpmorgan is trying to grab market share, but it also runs the risk of scrutiny from regulators. there would be premium about that for different levels of access and research. the u.s. justice department has subpoenaed mylan over its opioid drug sales. states and cities have sued the drugmakers for falsely representing the risks and benefits associated with the addictive painkillers. in 2015, there were 33,000 deaths from opioid overdoses. on thursday, president trump called the opioid epidemic of national emergency. it's a good time to be th buyina new car or truck. car dealers are desperate to jumpstart sales and the cut prices on new vehicles by the most of the last recession. according to the government report on consumer prices, vehicles cost six tens of a percent less in july than a year ago. that was the biggest drop since 2009. and that is your latest bloomberg business flash. investors are turning their attention obviously to those inflation numbers out earlier t

david: once again, thank you so much for being here, shawn golhar of barclays. today, i'm going speak with former commerce secretary carlos gutierrez. that's coming up at 1:00 p.m. eastern time this afternoon, live from new york and washington, this is bloomberg. ♪ emma: i'm emma chandra, here in the hewlett-packard enterprise greenroom. later, chairman of the house ways and means committee, kevin bready, joins us at 12:00 p.m. eastern. this is bloomberg. jonathan: the united kingdom wants to avoid any physical border or customs customers as part of the brexit deal with the european union. the e.u. has called britain's papers a "positive step." joining from us london is bloomberg's brexit editor, and still with us is chris. simon, let's talk about what we've learned in the last 24 hours, if anything at all. simon: i think the main thing is that the british are still trying to assemble a position on a variety of issues. customs was the issue of the day yesterday and perhaps today as well, today more narrowly focused on islands. but the takeway is that the u.k. ki

retired in may, he was police officer on a narcotics task force, his name is stan davis and judge barclay the federal judge gave davis several times and several opportunities to maybe change his plea and go forward with the trial, but this officer said he wanted to go full steam ahead and plead guilty. he admitted to everything laid forward by the united states government. allegations include taking drugs from some of those narcotic jobs in kensington and giving them to two women in exchange for sex. according to federal prosecutors, davis took would the man to a hotel in new jersey, wow give them heroin and crack cocaine, in exchange for sex. now a woman named rosie forsyt h from the lancaster area was in a fatal car accident, late last year, 90 year-old woman died. she survived. she told authorities that she was high at the time of the crash and, according to authorities, she was one of the woman involved with then officer davis. davis is not charged with anything related to the death of that elderly woman last year. he is charged with trafficking those drugs, i should say, and authorit

the first lady as barclay managed to go back home without facing criminal charges.d her diplomatic immunity, saying she was in the country on official business. president mugabe has been attending a regional leaders‘ conference in pretoria on sunday. his wife was supposed to make an appearance, but didn‘t show up. this african authorities insist that their decision was motivated in order to maintain good relations with zimbabwe. for the victims‘s lawyers, justice needs to be served. this is the 20—year—old model who is accusing grace mugabe of assaulting her with an electric extension cord. she claims she was offered a blank check to make the matter go away. they may she wants the first lady to be prosecuted, and now her legal tea m be prosecuted, and now her legal team is planning to challenge the decision to grant immunity. in zimbabwe as well, opposition members a grace mugabe needs to apologise. you cannot go on and beat somebody‘s child. i think this needs a lot of introspection. i want to say that she certainly needs to go for anger management. mrs mugabe has

barclays have gone to dublin. there is a lot of competition that you face, isn't there?t is absolutely true. one has to make a difference between the place where the financial institutions decide to put their legal entity, and the place where they would locate their activities. and a number of those which said that they would choose, or have chosen, to have their legal entity, at least for the first two years in, say, frankfurt, amsterdam, or dublin, they have told me they intend to concentrate very sizeable activities in paris. it can be in a branch, it can be in another subsidiary. many have already set up a subsidiary. so it is not because the hub or the legal entity will be somewhere, that it will be a concentration of all activities there. but... so i think it is a bit misleading to just look at those news. by the way, mufg, that you just mentioned, to my knowledge has not decided on dealer broker activities, they already have a bank in amsterdam. so they keep using their banking there. that's natural. is this what you are being told? a lot of institutions are looki

last week barclays said not raising the debt ceiling could push the economy into a recession if the situation dragged on. the deadline is one month from today, but as ylan mui tells us you, that likely won't happen without a fight. >> reporter: conservative republicans in congress are starting to lay out their demands in cooperation for raising the borrowing limits. representative mark walker is head of the powerful republican study committee and he told cnbc that an increase in america's debt limit should be paired with reforms of medicaid. he believes tightening the work requirements to enroll in medicaid could save $200 billion over the next decade. >> we're just wanting something concrete as we go back to the people that we serve and say, yes, we raised the debt ceiling, but here's the good part of it, if you will. here's the things that you asked us to do as far as putting together some long-term reforms. >> reporter: republicans don't want to approve more borrowing without corresponding spending cuts. that's very different from what the white house has been saying. treasury secretary st

though here's a quick taste the interim of the mosque located in the building just behind me our bill barclay he is understood and accused of being the mastermind behind the terror attacks he spent time in prison in twenty ten until twenty fourteen after he was charged and convicted for smuggling hasheesh it's understood broke while he was in prison he turned to radical islam. meanwhile following the spate of vehicle ramming terror attacks across europe major cities have been reinforcing security at popular tourist sites in milan for example concrete security barriers have been installed at the historic city center as well as at the entrance to its most famous shopping center the galleria concrete barriers have also been put upon westminster bridge in london that's following two terrorist incidents in the british capital over locals are complaining that the anti terror measures are ugly and spoil the look of the area while others maintain that it's a necessary price to pay for safety spain attacks clearly demonstrated radicalization is getting younger but in belgium employees of one kindergar

various pieces written, barclays back to $50. 87.63 is what i've got here.s the iron ore at the bottom. not enoughys it is momentum in china to keep it at the $80 level. it will never back to $50. -- revert back to $50. you look at iron ore and get caught up in the this attitudes of iron ore? global market strategist, it is a bit specific. it is important, though because the china story has china coming out in a market with iron or and not needing as much to build up the cities and structures as in the past 15 years. thematic a larger issue, but commodities in general, there are different forces at play. gold, the biggest thing we look at the predict prices is the real yield on treasuries, which is different from what you would look at for iron ore. it is finding what works for each. talk me through the relationship between tips and gold. i'm seeing money flowing out of old. drop to thest lowest level since 2016. that is probably in part to do with the dollar. it is fundamentally driven -- a couple of weeks ago, we worried we would come in and it is still th

thanks to my guess the ice cube the first three game is on june twenty fifth the barclays center in brooklyn and tickets for the full season of able to get master and you go to ice cube. nation and the. league is available now on his own was. king's things that i'll see you next. called the feel. every the world should experience. and you. will. according to just. walk of the modern world come along. our culture is awash in lives dominated by streams of never ending electronic hallucinations that birth. until they are indistinguishable we have become the most . society politics as a species of analyst and the media. political theater politicians and celebrities are two ruling parties are in reality one part of corporate and those who attempt. this. breathless universe of me to sign the push through the t.v. and exploitation to be a little more up for so far to the margins of society including by a public broadcasting system that has sold its soul for corporate money that we might as well be squeaky against an avalanche but we must. we will find you we will investigate you we will prosecute y

giants including barclays lloyds banking group and royal bank of scotland the claims on behalf of thirty nine american banks it's part of a much broader rigging scandal which came to light back in two thousand and twelve joining me now. now from london steve keen the author of can we avoid another financial crisis and the world's first crowd funded economist at page tran dot com steve thanks for joining me now let's talk about this case do you think the u.s. government actually has a solid case here. or has a rock solid case this is a classic case of collusion and market manipulation and the trial is a model just go into the court and so i like them as they were guilty what's the follow on that's that's frightening but let's look at what a lot of people are asking which is essentially who sets and enforces the rules where was the oversight in this panel this is a huge scandal. well the problem is that if you look at a lot of our actually came from an actual concept of using it as a by sustaining interest rights. mainly private bonds but also some government bonds around the world is that

could see you to thank them i guess the ice cube the first big three game is on june twenty fifth at barclays center in brooklyn and tickets for the full season of a little daunting get master and you go to ice cube dot com for more information and the twenty fifth anniversary of best of giving it is available now in is always good for me on twitter of kings things i'll see you next. in case you're new to the game this is how it works the economy is built around. preparations from washington to washington the media the media the. voters elect the businessman to run this country business equals power. but it's not business as usual it's business like it's never been done before. here's what people have been saying about rejected a knighthood to us exactly just full on awesome well the only show i go out of my way to lunch you know a lot of the really packs a punch at least yampa is the john oliver of r t americans do the same thing we are apparently better than booth nothing's better and see people you never heard of love redacted tonight not the president of the world bank though paid under t

lumberton mount holly palmyra tabernacle presidential lakes states pemberton right town randy wood barclay kingston cherry hill mall as a long martin and leisure a town for your protection move to an interior room on the lowest floor of a building repeating a severe thunderstorm warning issued until seven forty five pm for the following counties in new jersey burlington camden and ocean. when they for that i fall of expanding holy aura vera editorial director for reactionary times and kind of progressive organizer with democracy spring thank you both for being with us tonight let's get started thank you so much thank you just in case you haven't heard the big news steve bannon is out at the white house depending on who you ask the now former white house strategist was either fired or handed in his resignation a few weeks ago and left earlier today this news abandons departure comes of course just a few days after he spoke to the american prospect and publicly mocked the white house's north korean strategy bashed some of his administration colleagues and called the all right losers so who w

so ten years on and we've had results from lloyds and from rbs and others from barclays and hsbc, itg the price? particularly in the case of rbs and lloyds, still paying for payment prosteks and libor. rbs have got a giant fine to come from the us authorities in its role in packaging up the loans for the us housing scandal. ten years on, the reckoning is still to come. how important to you is your work environment? very important actually. the reason i get up every morning! but we're talking about a service offered to office workers. is it service offered to office workers. isita service offered to office workers. is it a new version of regis? it is very trendy. it is very of the moment. all right. let's talk about what you think about this. conrad, "i love the modern glass offices like mine are so light." i can't say we have the same experience. another viewer says, "i hate people eating their smelly lunch at their desk. it's disgusting." have a really good. see you soon. bye—bye. hi there. good morning. fur‘ looking for some hot summery weather, then u nfortu nately for some hot su

morgan chase and goldman sachs and bank of america barclays to be honest every day were to be accurate and reporting these rates and so the prices of everything are kind of suspect because you can't really trust these people to do the right thing and that's in the best case scenario so there's a real there's a larger problem that has to be sorted out and you're right there's really no one cloak were empty that isn't or is responsible for it. as we're going to break hard watchers don't forget to let us know what you think of the topics we've covered on facebook and twitter see our poll shows that are t.v. dot com coming up on our tease on your part will bring those with news that a major settlement was reached in the lawsuit against the psychologist behind the cia's torture program and then you preview this week's new edition of redacted tonight stay tuned to watch the hawks. redacted tonight a comedy to see all of that not the fangs by the corporate elite. would you go after the corporations that just all your life probably older people at the time. redacted tonight for me it's like me

audience together the two will account for about twenty percent of all cable viewership according to barclay's this will give the newly merged company a heavy hand when negotiating contracts with distributors at a time when more people are watching online video through subscription services like hulu netflix and amazon prime cable t.v. is struggling to stay competitive with this new deal discovery now has more to offer when negotiating skinny bundle packages with cable writers what's unknown is how the now combined company will compete in the long term as the cord cutting trend continues well as of close monday discovery stock dipped more than eight percent on the news well scripps was up more than half a percent. and the koch brothers have made painfully clear how much they dislike and disagree with president donald trump but the billionaires are willing to put aside those differences for one reason only to overhaul the u.s. tax system on monday trump admin officials appeared with top leaders of coke's network to promote a tax plan at the newseum in washington the koch brothers are putting th

court, accused of launching one of the largest ever cyber attacks against uk banks, with lloyds and barclaysdited from germany to face 12 charges, including blackmail and computer misuse. in france, president macron's government has published its controversial plans to reform the country's labour laws. the planned changes include limiting the power of the trade unions, and giving companies more flexibility to employ and dismiss workers. the president's ability to enact the reforms is likely to be seen as a prime test of his presidency, as lucy williamson reports from paris. there's nothing like electing a start—up politician as president to change the economic atmosphere. last month emmanuel macron marked the transformation of an old paris railway station into a vast campus to support start—up entrepreneurs. it's the kind of thing the new president wants france to do more of, and companies here say his election is part of a wider shift in mood. you're allowed to fail. this is something that's changed in the past few years and even more in the past few months. and to find that president macro

the financial technology startup is working with barclays in hopes of securing bids of around $200 millionomes as the online emily: the dow posted another record high today gaining for the 10th straight session. one stock that failed to fully receiving the most recent funding in march. a move 20 years in the making. why netflix decided a comic book publisher was the right fit for his first acquisition, next. this is bloomberg. ♪ emily: the dow posted another record high today gaining for the 10th straight session. one stock that failed to fully join the historic run is disney. investor concerns are weighing down the stock. scarlet fu takes a look at the company in "the numbers don't lie." >> disney will reporting earnings tuesday. they released "guardians of the galaxy 2" last quarter. disney hopes its movie and think part businesses offset any weakness in the media unit. let's look at disney. we start with how disney's revenue breaks down. you hear a lot about how the media unit is big because it represents the biggest slice of the pie at more than 40%. the runner-up is theme parks follow

morgan goldman sachs lloyds barclays b.n.p. solid that's not their job that's not their job to keep these terrorist solvent that's not their job well of course. alan greenspan did in one thousand nine hundred seven also say that there was an irrational exuberance in the stock market and it can teach mark higher for like three and a half years after that so these markets can remain irrational longer than anybody can stay solvent so if you're thinking of shorting the stock markets of the bond markets for that matter of course shorting the bond markets can be has killed a lot of it was a widowmaker was in the past few years so here the article goes on to say well should these bomb market collapse and that's the word that alan greenspan uses that it will collapse which is remarkable for a former central banker to say the bond markets will collapse whether or not stock markets will follow they say that's no slam dunk stocks have proven resilient to bond out so far in the eight year bull market while the ten year treasury yield has p

this is the bloomberg barclays of the..egated bond julie: just deconstructing the finding for the layman. eric balchunas, thank you. vonnie: still ahead, donald trump is adding to his list of policies. his strategy for afghanistan runs the risk of alienating his followers. ♪ ♪ live from bloomberg world headquarters in london and new york, i am mark barton. vonnie: i am vonnie quinn. this is "bloomberg markets." as parts of trump's policy agenda is at an impasse, he is announcing a new military xiao jie in afghanistan. he announces commitment to keep troops in afghanistan in contrast to president obama's and his campaign -- and trump's campaign promises. let's bring in one of our political correspondents. >> the president acknowledged he had a change of heart. tosaid he originally wanted leave afghanistan ample our troops out, but he realized it is a much different situation in the oval office and you're making positions that impact national security. it appears he is planning to get tough on afghanistan and crackdown on co

and unlike barclays or lloyds, rbs won't be setting aside any more money for ppi.would not be getting their money back in full if the government sold its shares in rbs immediately. if we sold it, they wouldn't get their money back, but it is... what we're trying to do is create a good bank so they get as much of that money back as possible. and a 70% stake won't be sold overnight. so it will take some time and this bank is getting better every quarter. and the bank's capital buffers have reached a new high. it means it should have more than enough money set aside in the event of another major downturn. but rbs still expects to post a loss for all of 2017, that's because it is still dealing with past misdeeds. it is expected to pay a further multi—billion pound fine to us regulators for mis—selling specialist investments called mortgage—backed assets before the financial crisis. the estimates for the department ofjustice's fine is anything from 4 billion to $15 billion. we just don't know the final amount. most of us would estimate it is going to be between five and

the group includes barclays and citigroup and will spend more $7 trillion. -- in 2016, hedge billion in withdrawals. that's today's bloomberg business flash. coming up, how disney is using the pokemon go craze that gripped fans last year to promote its new star wars film. this is bloomberg. ♪ bloombergis is markets. i am vonnie quinn. disney is harnessing all its media might to make the next star wars movie the biggest film of the year. a new marketing rollout will feature an augmented reality treasure hunt using the's are wars at -- using the star wars app. friday is becoming a thing untilhe first friday september 1. we are going to have three days of people wandering around my zombies trying to kill each other with laser beams, right? >> hopefully not, but they will whereited to stores disney will be whirling out its latest toys. 20,000 stores in 30 countries around the world. last year, they did a sort of live -- unbxing oxing live on youtube. people can go into a store with a smart phone and use augmented technology to interact with new and existing characters from the last jet i

--on the credit card space lloyd and barclays have a 25% mortgage sure.ubprime, you do not -- you do not need to. i do not think he need to buy this. the money bond part of the business and the home collection business is not going well and the credit cards, the subprime credit cards in this environment, regulated, be watchful. fill useat to have you in on probably the big story of the day. the shares hammered. let's check in on the first word news with courtney donohoe. and singapore, the remains of some u.s. sailors have been found aboard the damaged u.s. warship. they discovered them and the flooded compartment of the uss john mccain according to the commander of the u.s. pacific fleet. malaysian authorities have found an unidentified body with 10 sailors missing after the ship collided with an oil tanker. president trump is not saying how many more u.s. troops will be sent to afghanistan, apparently that is up to the pentagon. he made it clear there are limits to the u.s. mission. even if the commitment is open-ended. >> we are not nationbuilding agai

outperforming by a long shot relative to the barclays benchmark.an, i what point do you start moving out maturities against? -- at what point do you start moving out maturities again? when -- i like to give you a firm answer. you that i have trustees and clients asking the same question. out that when the world is a little more safer and quite frankly when yields may be a bit higher in the difference in yields, the spreads widen out. spreads a very narrow. -- are very narrow. when things are quiet, the fed would like to raise. whether or not they will be able to his yet to be seen. discussed islittle the credit cycle when you look at it is clearly over in the third quadrant. dependent on the central banks keeping rates low, which so far the half. ey have. that's the time for more caution. we are still able to get some decent returns in this market, just here and there. this market is thinner. when the market is this the in, you can add value with patients without major trades, just the small every single day, you do one small thing and it adds up.

started by ubs and now over 12 institutions on this project and we see the likes of six global banks, barclaysal suites among them. -- globals -- credit suisse all among them. to make it swifter and about bringing efficiency. what it would do is basically allow you to clear and settle financial transactions that much easier. you could go to buy a central bank and use of these coins to pay each other payments old and what ever comes the that might -- owed and whatever currency that might be. all of this basically means that you're not having to wait the usual settlement time. a billions ofe up dollars making the world that much more efficient when it comes to banking. these companies getting on board. vonnie: fascinating. what needs to happen by next year to make this a reality? caroline: the underlying technology which is like a shared database, you and i using google docs have been able to see live transactions occur in sign off on them. it needs to be developed and the so-called currency needs to be developed and we needed to see if they are going to see the clearing and settlement of indivi

to argue that independent sources are overestimating their production, helping us sort it out is barclaysy commodities research. michael, welcome. we are hearing compliance is that 86% now with the opec production cut, does that sound right? michael: we estimate it lower for those of 11 countries part of the opec and not part of the deal, 11 countries. part of the lower estimate comes from the fact that iraq is basically overproducing. they are claiming that their compliance level needs to be linked to the change in their export volumes. they are essentially saying, since domestic demand has increased, exports are lower, but the market is lower and it excludes them, or basically means they are compliant. in original agreement back november 2015 is an agreement of reducing production, not exports. vonnie: what needs to come out of this particular meeting. if there is an announcement saying that countries of pledged to be better, to comply more closely to the production cuts and not just export cuts, will that work, will it help the market? michael: i think it what opec has been successful

. >> i choice chase and barclays for point. our trips. >> reporter: points and cards go together like north beach and credit cards. but there is so much more that you can do with rewards cards. and there's never been a better time to do it. >> i saw a study that said they're spending double what they did in 2010 on credit card rewards. >> reporter: that's lisa girshner. she says there's a rewards card for everyone. for those that want to work the system, getting first class seats, to those that just want some easy money. >> you can potentially get really good value if you're willing to study up. >> reporter: here are some examples for the easy money crowd. the city double cash card gives you 2% back. 1% when you buy, another 1% when you pay. the platinum rewards pays five points per dollar on gas pump, three points at the supermarket. and one point per dollar on everything else. for our complete listing, check out the current addition of the personal finance. i want to hear from you. the 7 on your side hotline is open weekdays

taylor: i pulled up barclays for you, g #btv 2043, and we heard from analysts that say it is not investableer clarity. you can see it is bringing it down really cheap compared to competitors. i highlight competitors because of the inquiry into the credit card is this. robert in -- provident site itself apart from its competitors because they are a nonstandard credit provision, giving loans to people with poor credit or job losses and that is how they were making strides against competitors. for now, a big cause today. vonnie: taylor riggs with our stock of the hour. thank you for that. the new iphone bar a set really high as they eagerly await the device. the 10thdes with anniversary of the iphone. detailsg has exclusive from san francisco. what can we expect the new iphone? mark: yes, this is a significant launch, perhaps the most significant iphone update since the original model and big-screen models with the iphone 6 plus. we are expect a 3-d sensor to unlock the phone and make payments to be the "crown jewel" of this device, and eight faster processor, bells and whistles. an exciting u