clara barton, we know clara barton. >> you probably don't know a lot about clara barton. >> well, i want to come to clara in a second, but many of them actually were people who you came to know through letters, through accounts of -- >> right. >> -- what happened at the time, but whose names we might not know. >> right. >> so isn't that a risky bet that we would be interested in these people? you've got to bring them to life, really conjure them. >> but they're so interesting so they're easy to bring to life. >> yeah. >> they come to life through -- i mean, i'm reading their mail, you know. >> right, you're literally reading their mail, right. >> literally. so their letters are fabulous. >> frank and funny, right? >> feisty. the men's letters, you know, are boring for the most part because they are self-aware and so they edit them and they consider them. they're very carefully written. they're often pompous. >> right. >> and the women's letters are just letters. they're just telling you the story. >> right. >> and some of them are just fabulous. i mean, there's one in here where varina d

item mark barton. -- i'm mark barton. let's see how things are shaping up.cks are on track for their 2015. weekly slide in tourname t where is money moving? we know asian markets have been sliding, we know asian currencies have been sliding. the euro though is up today against the dollar. the yields on the german tenure is continuing to decline -- look at oil. eight weeks of decline. that hasn't happened since before i was born, in 1986. yes, i'm lying. let's talk about german pmi data, just crossing. it looks as if manufacturing has risen, and it has increased. elliott, break down the figures. number --e have a 53.2 and anything above 50 indicates expansion. they really knocks that one out of the courts. in terms of expansion, it is not quite as robust as economists had expected, just missing by a 10th of 1%. the interesting to see contrast between the german figures and the french figures, because french manufacturing is thinking at a faster pace than economists had been expecting, and services are also shrinking. inmany is still clinging, terms of these f

francine: mark barton there with your moves.s, watches, smartphones, but what about a global bank? manus: one company appears to have done just that. he have to say this is audacious. they call themselves the government acts. what do we want to find out about this? is not the same company. not affiliated. since mayn operating 2013. we managed to get some footage of their website. it is inaccessible since yesterday. basically, this is a company where the name in chinese is the same name that goldman sachs uses in chinese. because thecovered, askedasino workers union for this to be investigated, because they said this company was linked to some gambling people. they call themselves goldman sachs shenzhen. it is in brackets. i guess goldman sachs is angry about this, so they are taking action. they said they are looking into the matter. history doesn't give much indication that they are going to be of to do much good michael against at the case chinese sportswear company who used the chinese version of his name. there is a history

i am mark barton. the pulse is up next. his partner, francine lacqua.e you tomorrow. ♪ francine: angela merkel makes the case for a greek dale in her first comments since euro area ministers were agreed on an aid package. manus: abe under pressure. the japanese economy goes negative as consumers and businesses cut spending. francine: and gold loses its shine as the precious metal's price falls. fall.gold sees its profit welcome to "the pulse"

a woman named clara barton joined that effort. she became known as "the angel of the battlefield." >> during the americanlefield." civil war, it wasn't too common for women to be near the battlefield. clara barton changed all that by providing aid to soldiers, and so that's why they called her the angel of the battlefield. >> after the war, she visited europe and learned about an organization there called the international red cross. >> the international red cross movement started in europe to help relieve the suffering of people affected by war. it was founded by henry dunant, a swiss businessman, and still today, we honor him by using the reverse of the swiss flag for our symbol -- the red cross against a white background. >> returning to the united states, she founded the american red cross in 1881. and ever since then, the american red cross has been helping people in need. what are some of the big disasters the red cross responded to? >> the red cross has been responding to disasters since its beginnings in 1881, when there w

doctors expect barton to recover fully. >>> from the bizarre to the bizarre. yet another outrageous stunt for a tv star steve o. only this time it landed had him in jail. last time he climbed a massive construction crane in hollywood with an inflatable wail and sign protecting sea world. at one point police say he set off fireworks from the top of the crane. emergency crews showed up not knowing if he needed to be rescued. eventually steve o. climbed down on his own and police then arrested him. >>> a tortoise named boris has a much better life ahead of him thanks to a vet. a 3-d printing store and swruler in this colorado. they created a facial prosthetic to relays his beak and upper jaw. the 3 pound turtle was hurt when a 90 pound tortoise attacked him. if he wouldn't have gotten that new jaw he wouldn't have been able to eat. it kbifs hope to pet own err and vet theirians caring for injured animals. >>> the time is 5:27. we are covering a pair of breaking news stories for you this morning. one san jose a neighborhood is evacuated as police search for suspec

broughtonmberg's mark -- mark barton reported from london.ed rivalry at the pga championship. courts atow you the the whistling straits in wisconsin. and tesla selling stopped to raise money and add charging states here in new york city. and in grace, no one really saw it coming, but real greek gdp despite0 of a percent the financial crisis. we will have those details and more on the bloomberg market day . , a volatile week in china. markets in turmoil. slowing is declined today and global markets are calming down. what is the chinese government take such a radical step. let's get analysis from nick consonery. big your pardon. let's start out with a short-term and long-term forecast for china. k: short-term, i think you there is a concern that short-term depreciation of the currency could create a currency war. longer-term, i think this is reflective of where the government wants to head in terms of having a more market-based currency regime. that is what this is all about at the end of the day, to try to make the currency more responsive to

by mark barton in london. underway at the bundestag on greece's latest bailout, with dutch lawmakers did to me today. we spoke to the european commissioner earlier -- here's what he had to say. know that in the eurogroup withment, it's very clear the possibility of a bailout for bondholders but that bailout depositors will explode -- it was actually the ecb's insistence to provide for depositors, that it's not going to be the depositors bailout. how will you go about bringing in the bondholders in all of this? are all laws in place to be able to enact the recapitalization in terms of greek law? first therei said, is a need to carry out -- and stress this before any further decisions can be taken, but in any case, according to the it isples of the union, being applied, so it's not taxpayers that are first in line to pay for the banking sector problems, but it's actually shareholders and bondholders. when you look at the banking sector, what is your assessment on how long it is going to take? the greek economy i

[laughter] ♪ mark: welcome back, i mark barton in london.r finance wolfgang schauble says he will back the bailout -- let's get to berlin. hans is there -- what are the takeaways from the finance minister? well, it's part of the campaign market, by angela merkel and her finance ministry, to convince the party to support this vote in the bundestag. it is expected to be north of 100 -- they aren't going to lose it but they want a strong showing. yesterday, he wrote the letter and talked about a sustainable path. interviewlked in an about what the imf will be. the germans continued to insist that the imf will be involved, in he's sure that the imf for contributed the program, he said in an interview. "just as we declare this to be indispensable." has is a country that demanded specifics, demented enforceability, demented credibility. but on this issue they are taking a leap of faith. they insist that the imf will rejoin the program in october. all the imf has said is that as long as greece follows through they may rejoin, in there has to be som

mark barton reports from london.00 billion euros disappeared from european stuff in the month of august, putting that into percentage terms, 8%. the stoxx 600 fell by that amount in the month of august. the biggest monthly drop since august of 2011. every single industry group on the stoxx 600 fell in august led miningcompanies, companies, chemical companies. 16 billion euros valued disappeared from the chemicals industry. the oil and gas industry lost almost $60 billion as well. an astonishing and to the month. stocks are finishing lower. when will the fed raise rates? that is a big question right now. here are some big moving equities on this monday session today. french mobile telecom company reported weaker than expected first-half profit. it said domestic competition. cutsans to widen its cost in its transportation unit according to tito's people familiar a shareholder estimates a lower dividend for the year. and the italian oil company said it discovered a super giant natural gas field offshore. europe, as i sa

outer loop at clara barton parkway could have that disabled vehicle. it doesn't look like you'll have to worry too much of that. and 66 just fine 95, no problems there. aaron. >>> it's 5:23 right now. today, we expect a colorado judge to formally sentence convicted movie theater shooter james holmes. that sentence will be life without the possibility to parole. that's because the jury couldn't agree on the death penalty. those same jurors found holmes guilty of killing 12 people and wounds dozens more. >>> one of three men who stopped a shooter on a france train is back in the united states. he and two friends stopped a man. the gunman might be charged with terrorism, although his lawyer says he was only trying to rob the train. >>> today, defense will call witnesses to the stand in the rape trial in new hampshire. 19-year-old owen labrie is accused of raping a 15-year-old freshman at the st. paul prep school last year. he said it was part of a tradition called the senior salute. graduates seniors have sex with freshmen. yesterday, the detective testif

francine: let's get straight to mark barton's for all the barton for all the details. mark: what an amazing week. chinese shares, the epicenter over the last week. have a look at the shanghai composite. as i showed you, a five day chart. because this week has been an extraordinary week. in the last couple days, the shanghai composite has rallied by 10.5%. don't forget. over this five day period, in a number there you can see the shanghai composite is down by 8%. it is down 18% since the yuan devaluation. 38% following the market peak. resurgence is down to speculation authorities are propping up markets before the president takes the stage at a world war ii victory parade next week. that's what's pushing the chinese equity market higher for a second day. i want to put it in the context of the global equity market. and i chose the msci all country world index, a gauge that tracks developed and developing stock markets around the world and once again, it is a five-day chart. you know what happened on monday. markets slumped. it was the biggest daily slump years, sincen f

by mark barton. -- i'm mark barton. the start of european trading, let's get straight to your morning brief. china's selloff -- stocks plunge the most in three weeks, strengthening property markets may reduce the profits of the stimulus. continue the sl ide. the turkish lira hits a record low after the central banks rate decision late today. -- low oililemma prices and the strong pound could see inflation drop below zero this morning. it's inflation day here in the u k. let's have a look at how the european markets could open today. futures are indicating stocks might open lower after a day of gains yesterday. let's check in with carolina the touchscreen. good morning. caroline: good morning. we are suddenly seeing an acceleration in the downward trajectory. this is off the back of acceleration in china. the shanghai composite is in excess of 5%. we will go out to hong kong to get the latest, but we are following asia shrugging off the green, when we saw housebuilding give optimism to equity buyers. we saw a sudden resu

mark barton has the latest.are getting portugal gdp expanding 1.5%. : we've got the eurozone gdp in roughly 29 minutes. the forecast is for a gain of 0.4% because of the mrs. from three big economies. if we get a positive number, it is going to be the ninth consecutive orderly increase. we will bring it to you live here on bloomberg television. it is not just the eurozone today. i want to talk about the asian currencies. it is not going to be the dollar-yuan. what a week it has been for asian currencies. we've had the yuan devaluation, we've had vietnam widen its currency band, the malaysian ringgit up there in the controversy. look at the movement in the dollar against malaysia's currency. earlier today at about 4:00 a.m. local time in london. 2.9%ollar rose as much as against the ringgit. that is the most since may 6, 1998. this week, the dollar has risen 4% against the ringgit, the most since 2010. the ringgit is at it lowest level in 17 years. the theory is, market participants think the nation is running ou

then now we have one near clara barton parkway. the left lane is still blocked. this is just past the american legion bridge. take a look at the backup. near old dominion this gives you a better idea of bumper-to-bumper traffic. this is in virginia working your way closer to maryland. let's move back to the maps and focus in on how long it will take you. this stretch from 66 to the american legion bridge just over 30 minutes. so we definitely have quite a bit of a delay mixed in with the normal congestion. as we move closer to downtown, 395 heading inbound just before you get to the case bridge near the c street. and before the tunnel actually, that left lane is blocked. because of this, again, getting closer to the tunnel we have the backup before the bridge in the teens. so crossing even the 14th street bridge. you have the slow traffic. no other crashes to report. two on the interstate is good enough right now. we will let you know when they clear away. that is a look at traffic. back to you. kimberly: thank you, jamie. president obama and former president geo

first, let's bring in mark barton. let's focus.have not started all this well on this bank holiday monday. is a long way to go before the ecb hits its target area this is just below 2%. expectations are coming down. this is something that mario draghi needs to consider. the inflation was the topic at jackson hole, wyoming this week in. policy makers may not have the best record of forecasting inflation. the fed vice chairman is confident that they will reach their inflation target in two years. that keeps september and the table. there is a lot to consider as we approach the u.s. jobs number on friday. news as year, the big we enter the last trading day of august. , that is theck biggest monthly drop since may 2012. that is the biggest drop in three years. emerging markets are the biggest since 2012. it's all about china. intervention to prop up the market will fail. it's an 8% decline. that's what we have witnessed so far. that was the height. remember back in april, we were at record. we'll fallen 12%. everything has fallen. i th

sbr analyst barton crockett said the new lands will give disney leverage to raise prices, adding up to a double-digit growth opportunity in the launch year. he also said it puts even more pressure than ever on the next "star wars" movie opening december 18th, to be a huge hit. >> i'll be really nervously reading the first reviews that come out of the "star wars" movie, because you don't want all the capital going into it and have the movie turn out to be a stinker. >> reporter: a shanghai park is opening next year. shifting focus to the u.s. parks will help disney stay ahead of universal who has poured billions of dollars into new rides, including harry potter. >>> coming up, more goods being transported by rail over old and outdated tracks. but that's starting to change. tonight we look at some of what's being done to fix our aging infrastructure in the first part of our series "the big fix." >>> here's a look at what to watch for tomorrow. as we reported earlier, home depot and walmart will release their quarterly results. and more home construction data is on tap. the commerce depar

i'm mark barton in for jonathan ferro. moments away from the start of european trading.our morning brief. japan contracts. gdp go negative once again in the world's third-biggest economy. abenomics under pressure as consumer businesses cut spending. chinese contagion. the yuan stabilizes, but emerging markets feel the pain. no rest fight for the ringgit as the malaysian currency extends the worst week for asian currencies since 2011. and backing the bailout. merkel makes the case for a great deal of ahead of a key bundestag vote on wednesday. greece owes the ecb 3.2 billion euros this week. that's what we are watching today. european markets just opening. futures indicating we will see stocks open today, euro stoxx futures up by about 0.7%. ftse futures up about 0.4%. one week of the after two weeks of gains. what is happening today? caroline is at the touchscreen. caroline: we are expecting a rebound. we saw a 2.7% selloff in the stoxx last week. with china ringing in everyone's ears, we saw the dollar surged and we saw a bit of a comes turn about the exporters getting

olivia: let's get to mark barton for the latest on europe.n stocks are on track for the biggest weekly decline in over a month. to be fair, much is closer to home. coming in weaker. the economy is falling more than expected. the other side, events in greece. lawmakers in greece did approve the bailout. there will be a vote of confidence later. weance ministers meet as talk now. will they rubberstamp this bailout? many hope they do. the euro up against the dollar this week. on track for its biggest weekly gain. only major currency that is rising against the euro. encouraging in flechette and date that has led many to believe the central bank will not cut interest rates. significant currency moves across the world this week. rising in spain, the u.k., italy, germany. it may make european bond markets more attractive. so says barclays. julie: thank you. i am going to start with stocks. not doing a lot. a mixed picture. the s&p and dow are up a little bit. financials and materials leading the pack. only up about a third of a percent. energy is do

that was the main concern off the earnings release. >> that's exactly what barton crockett said.said this sort of spaekds to the fact that disney is truly a diversified company and it has this big presence in the parks. it also has consumer products. and these are different ways to sort of offset any concerns that there might be about the tv business really changing. >> julia, thank you. julia boorstin in l.a. is this enough to offset? >> i think that's 9 perfect question. we talked about it last week. 50% of their revenues is still cable, and if espn's a huge's pouring of that and if there's concern that you're going to the a la carte model mr. iger spoke about it. he was as cautious as we've ever heard him. does it offset it? no. what's interesting is over a two-day period after they reported earnings the stock trade about 120 million shares, which is almost unprecedented in the name, traded down to about 104 1/2, 105. if nothing else it gives you something to shoot against on the long side. now if tim is right if the market is heading higher if that's the path of least resista

francis scott key's son, phillip barton key, had been engaged in a relation shipp with sickship theresa and sicks took issue with the affair and called key out on lafayette square and challenged key to a dual. sickles killed key and was put on trial. sickles, though, made an interesting claim. the first of its kind in the country. he claimed he'd become so enraged by learning of this affair that he had become temporarily insane. the jury was convinced by sic e sickles' argument and he's now known the first person found not guilty by reason of temporary insanity. this is some years before the civil war but sickles was already quite a name in washington circles. sickles after the start of the war talked his way into a mission and eventually was elevated to commander of the third corps and found himself assigned toplay a role at the battle of gettysburg. it's story that's well recounted by folks who know the gettysburg story well. sickles was not inclined to follow orders and led his men ahead of the union line and suffered for it. his men were almost unilaterally slaughtered in the peach

of course, the commodity knocked on, as mark barton talked about.l join us from morgan stanley about the equity markets, including his less than successful call recently our energy stocks. david will join us as well from cumberland advisors. we lead with oil and the currency markets. a lot more to talk about as well. a thought,ngs me to last week francine and i were chatting to several different people. to asaid we are getting crescendo of noise in the oil position. hedge funds resume their flight from the oil market as we hit a six year low. do you think we are at a crescendo? all the world is bearish. tom: rather than crescendo, a cathartic movement. we have decidedly not seen that yet. what i would say is late last week, the major message i got was the shift analysis from u.s. the middleck over to east, as you mentioned earlier. the ukrainian oil but also saudi -- the iranian oil but also saudi pumping. i would focus on the need for catharsis and we have not seen that yet. francine: tom keene with "surveillance." manus: anglogold ashanti the late

the markets are closing in europe for the very latest we want to go to mark barton in london. 900 billionthat is the amount of value that disappears from european stocks in the month of august and in percentage terms, 8%. the biggest monthly drop since august 2011. every single industry group on the stoxx 600 fell in august, led by oil companies, mining companies, and local companies, 16 billion euros of value disappeared from the chemical industry. the oil and gas industry hurting. when will the fed raise rates? that is the big question right now. the french telecom company reported weaker than expected profits. cuts.ns to widen its cost estimate alders reduction in dividends for the year. a supergiant natural gas field off the shore of egypt and 900 billion euros of value has disappeared. what is the best performing stock? 20%.etting company up by there are the details. back to you. alix: thank you. ofre isno shortage speculation on when they will raise rates at the vice-chairman said that inflation is poised to move higher. china does notin necessarily translate to a hike delay. german

michelle barton will soon join those ranks. she's just about to start her company, forget me not cards and prints. just about a year and a half after getting out of prison she came up with the idea while enrolled in the lifeclass. >> in prison mail is a huge issue, and a lot of people are really disappointed when they don't get a birthday card. it just seemed to me like it would be a good thing to do if you could mail out cards for people and they wouldn't have to worry about it. >> after raising $1,000 herself and getting a grant from mercy corps, she was ready to go. >> it was exciting to sit down and write something up and figure out what the feasibility of the idea is and really pick it apart. >> but actually starting a business right out of prison isn't the goal. getting the confidence so someone could start one is. >> we want them to be more economically secure and by that have that as a means to rebuild their lives and be successful and never come back. the name of the institutional is correctional facility and if the im

mark barton has details from london. for shares in europe, the biggest decline since october.ch continuing to cast a shadow over european stocks. the two-day decline for european stock markets, 4%. that equates to 450 billion euros. a sea of red. these are the individual stocks that are really taking a hammering from their exposure to china. the week currency lips the value of their products which they are trained to sell to chinese consumers. the biggest two-day drops since november of 2011. 30 billion euros have been wiped in the last two days. the biggest luxury goods company in the world, 10% decline over days.s -- two glenn core with their biggest fall since 2011. because of this, this chinese evaluation -- where is the money going? into the european bond market. one bond market you want to watch as the german bund. the yield continuing to head deep into negative territory. it held at a record low today. u.k. expectations in the have been pushed doubt -- out by the chinese news. bonds --suring that the euro is up for the sixth consecutive day against the dollar. one of th

a look look at the history and impact of the americans with disabilities act, also this weekend barton swaim on his experiences as a speechwriter for former south carolina governor mark bamford. an account of the lives of people in the gulf coast during the american revolution and a british council turn spy in charleston, south carolina and the lead up to the war. for war. for complete schedule visit book tv.org. book tv, 48 hours of nonfiction books and authors, television for serious readers. >> now on book tv, and interview with amy admin of democracy now. we talk about the human rights violation happening in mexico, and the efforts to bring justice to the perpetrators. >> thank you i want to start by saying i'm sure all of my students will be really happy to get this assigned reading instead of some of the other articles that they have to read to learn about women's humans rights. it's really a very exciting book, telling a very difficult story but in a way that i hope will make people understand better how human rights abuses affect everyday life and what it means to defend the de

move" will be helmed by mark barton, what you seeing? fallen to its lowest level since 2009. snap elections will take place in greece. some of the data is quite astonishing. stocks falling to the lowest since 2009 in the emerging markets, crude oil on track for eight weekly decline that hasn't happened since 1986. money flooding into gold. we will discuss all of these. ahead of pmi data out of france, i'm jeb a senior european economist to tell us what a day and what a week. caroline: thank you very much. the worst week for global stocks in nine weeks. stocks are set to open lower. we look at a 1.8% decline for european stocks. rose,e stock on teh dax it is the perfect storm. ♪ mark: good morning, i mark barton. right here in london. moments away from the start of european trading -- let's get straight to your morning brief. worldwide selloffs -- global starks had for their worst week the s&p 500as suffers its biggest loss in 18 months. hong kong flirts with -- china,turing misses in seconds away from french mining numbers as well as ger

let's go to mark barton in london. stocksmerging-market declining on this wednesday session. companies with exposure to china leading the declines. the automakers, the miners, european commodity producers trading after lowest level versus this broader market since 2002. it is very much a case of europe following emerging markets. groups on they stock 600 following on this wednesday session. since china devalued its currency last tuesday, miners and automakers have sunk 10%. that is a correction. one market did rise on wednesday, the athens stock exchange. germany rubberstamping the third greek bailout in five years. areanow over to the euro to rubberstamp part of the 86 billion euro bailout so greece can pay the european central bank 3.2 billion euros on thursday. that is the next important deadline. here are the big movers on europe's stock market. performer down 9% today. slumping to a record low. profit falling by 56%. he was wrongfooted by the sharp slowdown in china. carlsberg 9% lower today. ,t issued a profit warning blaming plunging volume in russia. the second-bigges

down the ftse up by 0.6% and there is a china story running right to this equity market and mark barton that story for you. currency falling by the most in 20 years. the world's biggest mining company but with the weaker yuan, stronger currency installers makes the dollar denominated commodities more expensive. bht down by 1.3%. as a group the bloomberg commodity index rising by the most since february but the rest bite did not last. the world's biggest provider of temporary work is posting a 22% rise in second quarter profit. that is a slight miss. they are a bellwether for the economy. gamma holdings down by 4%. one of the biggest decliners across europe. it is the swiss asset manager that says it will cost 165 jobs after reporting a drop in first-quarter profit. we know the chief executive of this company and we have spoken to him many times. alexander friedman. took over last year as serving as the global chief investment officer at ubs. he is trying to seek ways to shore up earnings which have been hurt. he has been reducing the value of assets and other currencies. cap is trying t

matt: mark barton in london. after rallying5% on a potential megamerger.s zeb eckert filed this report from hong kong. --zeb: chinese stocks rallied after posting a megadeal in the industry. the market jumped on speculation the country's two biggest shipping lines, china's shipping group and cosco would merge. the combination is a global powerhouse. a merger would if i china's latest overhaul of its state-owned enterprises. of its effort to boost efficiency and create global industrial giants. matt: thanks for the update from hong kong. the top stories of the hour, starting with a sad one. frank gifford is being remembered today. he was a star both on and off the field. he died in his home yesterday of natural causes. giantsm.v.p. with the before spending decades as a newscaster. his wife of nearly 30 years, kathie lee gifford, call his life "a triumph." he was just one week shy of his 85th birthday. funnel nearlyto three times more content into twitter than last year, a commitment that will include more video and highlights and pictures from payment in pr

here is mark barton. after two weeks of intensive initialeece forged agreements with creditors with measures on pension changes to taxes. they will unlock about 85 billion euros in funds. as they neednext to have a deal before in august 20 greek payment is due. the quicke needs is release of about 20 billion euros to create a buffer for its banks and to make loan payments. before that can happen, agreements on the technical aspects of the deal must be followed with a political agreement according to the european commission. it is over to the greek parliament to package the agreed reforms before a meeting with euro area finance ministers tentatively scheduled for friday. the newspaper a draft of the memorandum of understanding contains 35 measures including steps to clamp down on early retirement opening up energy and pharmaceuticals markets and changes to taxes for shipping firms. the news applauded with greek stocks rising for a fourth day. last the index sunk wednesday it has rebounded almost 11% making

for the latest let's go to bloomberg's mark barton in london.: let's call hangover from china's currency to preseason -- currency depreciation. euro area growth did not come in as high as expectations. the three big economies in europe missed their own estimates. lawmakers did pass the bailout but the attention now turns to a, we have a big referendum at the end of this month, voter confidence, after many members of tsipras' party voted against the measure today. finance ministers meet in brussels as of right now to possibly rubberstamp the deal. let's going on when it comes to greece. here are some of europe's biggest equity movers on this friday session. by 5.5%, biggest gain in europe today. french company that makes payment terminals. led by revenues from fees and commissions. penalties after a u.s. judge concluded it manipulated in 2000in texas back and eight. this is the your today performance. it fell over the week for the first week in three. an excuse to use the red marker. from there, the high of the year in april, the stock 600 throug

ha ha, was more important -- or popular. , soet closing in europe let's go to london where mark barton by. mining companies -- mark: look at the asc index in athens, what a day. different from last monday when it fell 16%, its biggest one-day decline ever. look at the big game as it was all about the banks today. governmentgreece's will conclude talks with creditors by tomorrow. that will give enough room for national parliaments to assess the deal so funds could be dispersed to the european central bank by the 20th of august. banks are the big gainers. they as a group fell by 59% last week. the market cap recent banks is 5 . in 2007 its i was over 80 billion euros. pop-outs, shares up 7.6%. i wanted to show you an oil company which followed oil's gyrations lower but did not go back. petra fact, down 3.3%. pimm: thank you very much. coming up on the bloomberg market day, who qualifies for the new $50,000 cholesterol drug? -- $15,000 cholesterol drug? of hisbuffett makes one biggest deals ever, buying precision castparts for $37 billion. berkshire after buffett tells us what it means fo

mark barton is going to be taking you through that.hat the picture is right now. looks like we have the ftse down by .7%. we saw a bad session yesterday. dax down .7% as well. cac .3%. another soft open now predicted for the european equity markets this morning. we're going to take a break. "on the move" is coming up next. the market open is coming up next. we'll see you tomorrow. ♪ mark: good morning i am mark barton and for jonathan ferro. from thet moments away start of european trading. let's get straight to your morning brief. fomcinutes from the meeting revealed continue concerns over sluggish inflation. long to a to say so september rate hike jacob -- hike? the people's bank of china continues to pour money into stabilizing the yuan. our currency -- your problem. emerging market currencies get hammered as the chinese ripple effect continues to rip through the fx market. that is what we are watching today. have a quick peek at our futures. like we could see another day of decline with stocks in europe falling to the lowest since

mark: i am mark barton in london, let's bring you up to speed. greece is due to receive 30 billion euros today. the money is being released after eurozone parliament backed the terms of a third bailout. it will be used to pay the debt to the ecb and to clear other outstanding arrears. oil sending its decline for the lowest level in six years as u.s. stockpiles unexpectedly increased. seen oill glut has slump more than 30% since its closing peak in june. the ims must push back the earliest date that china's you want can join the market to preserve currencies. china shifted to a more market determined exchange rate. a move that the imf welcomes is a step toward it freely floated currency. markets today, all attention today focused on the fed after minutes from the fomc july meeting. should officials remained concerned about stubbornly low inflation. add to that the u.s. cpi data they came out yesterday weaker than analysts said estimated. let's get to mike mckee for a breakdown. it is all about inflation. when fed officials met three weeks ago, mos

pimm: mark barton reporting from london. on bloomberg market day, it has been an up and down week for markets today. during the week, richard fowler -- today, richard fowler will join us to discuss how markets react -- how people react to market filtrations. it remains popular today, but how should a fashionable person where one and who makes them? we will tell you. also hear from secretary ashton carter as he makes a visit to silicon valley. all of this and more coming up on bloomberg market day. ins summer, an increase market merger activity. this july was the busiest july for deals ever. with insight on the acquisition market and for big deals, i want to bring in bloomberg market policy resident expert. let's start by giving them an overall picture. like i said, you have not had a vacation. actually, i did. i managed to get away for a little while. my colleagues here managed to pick up all the facts. it was excellent. basically, no. this summer has been unrelenting and busy. let's start with monsanto and its agenda deal w

a look at the european market closed it here is bloomberg's mark barton from london.ingopean stocks up two days of losses with every industry group finishing the monday session-the mining companies are shrugging off disappointing trade. welcome these are following crude oil's gyrations lower -- oil companies are following crude oil's gyrations lower. what a day, from last monday come when the s&p fell, its biggest one-day decline ever. look at the big gainers. they hope greases government will conclude talks with creditors -- greece's government will conclude talks with creditors tomorrow. funds will be dispersed to the european central bank by the 20th of august. they has group fell by 59% last week. -- great step you for you. market caps on for greece's banks is 5 billion euros in 2007. industry,banking greece's biggest gambling company, shares up by 8% today. fridayian lender on after the market close, the lender released better-than-expected results. shares up by three white 5%. -- 3.5%. i want to show you an oil the u.k.-listed company down by 3.3%. back to you i

pimm: let's check in with europe, where mark barton is standing by.able that stocks would .ecline after that fortune we are on track for a small gain over the week. do not forget on the monday the stock 600 had its biggest inclines since 2008. after china props up its equity market, up its equity looking over at jackson hole for cues to whether the fed will raise rates. this is affecting equity markets in europe today. announced arragamo disappointing half yearly sales. i want to show you the currency that is the best performing currency on a trade wager basis out of the 10 major leading nations. it is the swiss franc today. the dollar is down. investment in private consumption helped return the nation to growth. as we look at sterling as well, the economy in the second quarter rose by .7%, in line with estimates. what was interesting was exports contributed to growth by the most in four years, suggesting the economy is rebalancing. that was the initial bounce in sterling after the release of data. it is down against the dollar. let's finish out with

mark barton. mark: the biggest drop of 2015. billionates to 470 euros. are the companies affected by the chinese devaluation. they derive a sizable portion of the revenue from china. bmw autos, the biggest two-day drop since november 2011. 30 billion euros have been wiped from this in today's. it has fallen by 11%, 10 billion of value disappearing. glencore, one of the worlds biggest minor seeking 5%. as a group, the two-day drop in two years, 16 billion euros of value has disappeared from the european mining industry in the past couple of days. it is not just about china today. three other big movers across europe, henkel lowered today. they reported second-quarter earnings that missed estimates. 8% lower today. fearing they will need to raise more funds from shareholders. soap? goldmang sachs recommend they sell shares of unilever. -- dove soap. because of china, all 19 industry groups on the stoxx 600 finished the session level or. that is the story. back to you. pimm: thank you very much. coming up here on bloomberg "market day." the international en

let's go to mark barton in london. mark: what a day. more specifically from a u.k. perspective.100, the biggest increase in four years. you heard that right. up by 3.7%. the big constituents, oil companies, mining companies, they have been hammered in the month of august -- not so today. the biggest rise in four years. the big thanks has to go to the rebound in chinese stock market and those comments from bill dudley, the new york fed president, on new york -- u.s. interest rates. here are some of the big movers. one of the world's biggest developers of security software for sim cards is down 12.4%. nod recorded profit that missed estimates. improved sales in china could not offset weakness. ues, a french bouyg building, media, and telecoms conglomerate. shares up by 5.5%. i just want to get back to the mining industry. in europe, what an incredible day. the biggest gainer on the ftse 100, one of the world's biggest miners, shares finishing up by .lmost 10% for angelo american it is still down 39% in 25%. -- in 2015. pimm: thanks very much. in china, the government has devalued

mark barton is standing by in europe.hat a difference a day makes. 600, biggest fall in seven years. the stock 600 caught back all of those losses. today we have loss is nothing like a week ago. one eye on china, one eye on the united states. the stock 600 in august down by 8%. biggest monthly drop since august 2011. every industry group on the stock 600 has fallen this month. chemical companies have lost 50 billion euros this month. basic resources companies of lost 27 billion euros. oil and gas companies have lost almost 60 billion. currenciesforming globally on a trade weighted basis, the euro, the yen. the only interesting piece of data of choice today was eurozone cpi, on a year-by-year basis rose. 2%.r cry of just below does that mean the ecb needs to increase monetary easing? many say it will have to do so by september of next year. the german 10 year yield coming down to 73. has not been above 1% since june. the lack of inflation could push the ecb to pump more money into the economy. to see about the ecb -- we wi

i want to get to mark barton in london for the latest on how this is affecting your. -- china's biggest evaluation is casting a shadow on european stock markets. your shares are probably declining if you relied on china sales. look at the decliners in germany daimler, auto related shares falling by 15 billion euro today. ners have also been hit hard. chinese importer, these are the big three global commodity producers. billiton, anglo american -- $9 billion of value has been wiped off those kinds of companies. greece -- we have a deal between greece and its creditors. interestingly, last wednesday when greek stocks hit a thee-year low, since then athens stock exchange has rebounded by 11%. that is the best-performing global stock market in that period. greek bonds are continuing to rise. yesterday, it dipped below 20%, down to 14.78%. today monday moving -- today, money moving into the haven in light of the chinese surprise evaluation. greek yields, spanish yields, u.k. yields, italian yields, and german yields are all declining today. a lot attention has been on the

pimm: mark barton reporting from london.ve vice-chairman stanley best buy's chair stanley fischer said flow conflation -- inflation is a concern for the u.s. economy right now. the problem is not for the part that is unusual individual and.te, namely import -- if we were just inflation target there's, we would be in the same situation we are now. we would have to do even more, if that were possible. austen goolsbee agrees that told erik schatzker good and stephanie ruhle not the only problem the economy faces. >> gdp has been growing ok, not that, not great. i can do it better than that. i think gdp has been modest. inflation well below the target. job performance relatively strong. i think stanley fischer is right. fed has been itching. they want to raise the rates. they have been wanting to raise the rates for a long time. i don't think it is warranted. china is slowing down. europe is a disaster. the problem is that that does not have a gdp mandate. in a way, that is the problem, but the gdp and inflation are tied togethe

you can consider clara barton parkway. the best advice is leave the house 15 or 20 minutes early. >>> traveling southbound on i- 270, still fairly quiet in terms of issues or accidents. volume from farther hurley toward the beltway, and traveling northbound on i 95 from prince william parkway up to i-395, a 12-minute commute. over to you. >>> at 6:17, we are now 24 hours into the most recent round of talks between north korea and south korea. this is the two countries trying to defuse tension along the border. >>> we now know when greece's government will elect a new prime minister. that election takes place september 20th. the prime minister resigned last thursday, prompted by a bellion in his own party over the terms of the country's new bailout deal. >>> france's president said the suspect had enough weapons to create ultimate carnage. three americans just received france's highest honor for stopping that suspect. brooke has the story. >> reporter: the fresh president hailed them as heroes, presenting his country's high

they can very much it here is mark barton from london. shadow over the european stock markets on the session today. if you are a company that is in china, the sales you are impacted by that surprise move. take a look at the big decliners in germany today. -- 15to related stocks of the euros have valued european auto stocks today because of the china move. look at the movers in the u.k. today. the two big miners -- mining stocks, 9 billion euros with the value of the industry because of the chinese devaluation. it was not all doom and gloom. the asc rising for the fourth consecutive day. last wednesday, rick stockstill lowest in three. the have risen by 11%, by the way -- the best-performing stock market in that four-day period in the entire world. , the uk's up by 4.9% biggest insurer. it is led by gains in asia and raised its dividend. delta lloyd with us biggest decline ever am a down by 20% today can swings in interest rates and credit spreads contributed to a loss. ubs,am, formerly owned by is going to cut 165 jobs after reporting a d

let's see how quite the european markets work and here's mark barton from london.opean stocks falling for the first week with a hangover from china's currency depreciation. to be fair, friday was about matters closer to home. growth did not come in as high as expected. three big economies in europe missed their own estimates. that would be the disappointment of the day when it comes to data. in greece, look at the index, down 1.8% and lawmakers did pass the bailout but the attention turns now to a big referendum at the end of the month and a vote of confidence after and many members of tsipras' party voted against the measure today and has a rightminister now to possibly rubberstamped to the deal. here are some of europe's biggest equity moves on friday session. the company, jenna co., up .5 point 5%, the biggest gain, a french company that makes payment terminals and it was ,dded to the swiss life switzerland's insurance, the biggest insurance with so and a by 1.6% today, better than expected. by by revenues and bp down 1% today. the company faces penalties after