mark: and i'm mark barton. let's check in with bloomberg's first word news today.cratic national convention. committees national chair will resign at the end of the week over leaked e-mails. at aas food and heckled breakfast of florida delegates with protesters shouting "shame." [indiscernible] >> the e-mail showed staffers favored hillary clinton and tried to undermine bernie sanders. a terrorist attack in afghanistan over the weekend shows the growing strength of islamic state. this was the country's deadliest assault in 15 years of war. islamic state possibility to carry out deadly attacks can't -- complicates prospects were piece in afghanistan. the number of children killed or hurt in afghanistan's conflict surged in the first six months of this year. nearly 400 kids died, more than increaseded, and 18% compared to the same time last year. in rio dec village janeiro has flunked a stress test and australia will not let its athletes stay there for now. australian officials say they found blocked toilets and exposed wiring. officials say repairs will be completed

i mark barton -- i'm mark barton in london. vonnie: i'm vonnie quinn in new york.ernatives to the $62 billion takeover. talks aboutrevising a possible combination of their chemical business the company's board is split with some favoring a takeover. delta airlines posted estimates -- posted results that beat estimates. expects passenger revenue to fall in the current quarter and it will cut plans to cut growth in the final three months of the year. european commission has launched an attack against google. regulators say the search engines use result in its own favor. googler is also -- google is also accused of restricting advertising platforms. that is your latest bloomberg business flash. vonnie: mark, thanks. something about saying made in italy makes. things more luxurious. that is true of fabric. even fabric found in cars, planes, and yachts, the italian fabric maker is famous for its ultra soft material. chances are you sat on it and smoothed over it with your hand. chairman. talk to us about the impact of the brexit vote on your business. seems there will b

i am mark barton in london. vonnie: i am vonnie quinn in new york.r the bloomberg's nest flash, looking at the biggest stories in the news. thirdn posted its straight loss. sales keeping pace with slowing supplies. chevron ceo responded to the market driven cash squeeze by shrinking drilling programs and firing 1/10 of the workforce. tosing five million dollars $10 million from asset sales. fo -- federal regulators putting more pressure on wall street banks. new guidelines were issued three years ago. tankers are being questioned about loans, such as acceptable's. regulators want to sue know how loans perform under adverse conditions. businessour bloomberg flash. time for the etf friday segment. let's go to julie hyman. julie: i asked if we could look at etf's affected by earning season, since we are in the thick of it. he delivered. let's talk about the vanguard total stock market etf. some are affected by earning seasons, some not so much. this is in the not so much category? >> it is layered. do earnings affect etf? the vanguard total market cover

mark: i mark barton. at the trading day in europe, you're watching the european close on "bloomberg markets." ♪ scarlet: we are live in london for the next hour, bringing in full coverage out of france on the latest details after the terror attack in nice killed more than 80 people. eight months after the attacks in paris, terror struck france again last night. television and amateur images showed a truck allowing into a late-night crowd in nice on best deal day. the french president met with victims, adding france isn't done with terrorism. and the new uk prime minister theresa may says britain is on high alert. thehe threat level in united kingdom is already at severe. that means that a terrorist attack is highly likely. senior officials today will be reviewing what more we can do to

mark: i am mark barton.atchy iskey -- monte sinking to a new low and they are considering injecting new capital into the provider. >> is indicative of particularly what we saw in the last year, over the last six months starting with bailouts of smaller lenders. you see them facing consistent pressure. mark: and this would be the third bailout injections since the crisis? elisa: that is right. earlier in the year we saw some deposit outflows that were , but thatth talks enthusiasm quickly evaporated. brexit saw an acceleration of the selloff. decision tomade the go against the ecb and recapitalize the banks, and how bad with the fallout be? elisa: the talks are centered on how much leeway there is within european beta laws. see stateslly providing funds to banks with other shareholders or creditors also sharing. what appears to be happening is that italy is trying to find a that butto get around use what is available within the roles to share that burden, and leave creditors and shareholders without further l

mark: i am mark barton, this is the european close.blmberg business flash, the biggest business stories in the news. tradersn, berkeley convicted will be sentenced this week, three of the men were found guilty of conspiring to manipulate libel, the other pleaded guilty, a former ubs trader was the first man convicted of rigging libel is serving an 11 year prison sentence. the company that makes citroen and persia those has come clean, the real fuel mileage will not match what is on the sticker and not close, 14 models use an average order for percent more fuel in real life then they claimed. the group is trying to bolster consumer trust in the wake of the volkswagen scandal. berlusconi is close to selling his football club. the former italian prime minister says he is agreed to a deal with a chinese group, he says the condition of the sale is the buyers invest at least $440 billion in the club, ac milan has struggled, has not won any titles in five years. bloomberge latest business flash. was sentenced to 21 months in prison after a ba

this is bloomberg. ♪ mark: live from london, i am mark barton's. u.s. closed or the independence day holiday. it is 4:24. alan is here, chief investment company.t coutts and i have known him for many years and i did never -- and i never knew he was welsh. and you are going to watch france in the final. alan: flying to lyons. mark: well, my producer just bought someone his credit card. so i was thinking what can i ask that would link whales to investments. what did we learn from the welsh mentality? alan: stoical. try not to make too many errors. these drawn on defense and income strings -- income streams. the english football team -- do not be individual. coutts. a big team at 30 people working to make a good portfolio for clients. mark: wimbledon final, who will it be? tennis coach. will i think murray struggle. i hope he comes through. mark: and who do you think will win euro 2016? alan: of course germany will win. higgins, chief investment officer at coutts and company. looks like stocks will fall for the first day in five. stoxx europe 600 down by a

mark: i mark barton.ou are watching "bloomberg markets." taylor riggs has the latest from our newsroom. taylor: republicans wasted little time grilling director grilling fbi- director james comey on his decision for hillary clinton. as we have been reporting, spain and courtroom -- portugal may be .it by sanctions they are rules designed to prevent another debt crisis. eu finance ministers meet in brussels must decide on whether to endorse the ruling. jpmorgan ceo has a warning for the u.k.. italian newspaper he may relocate a few thousand of his employees from britain if the country decides to leave the eu. the u.k. may be able to reverse the vote and diamond called on europe to address the uk's complaints. 17 former barclays traders have received prison sentences. they were convicted of conspiring to rig for more than two years. u.s. and british regulators fined barclays. global news 24 hours a day powered by our 2,400 journalists and more than 150 news bureaus around the world. -- 120 countries. stocks

jonathan: my vote goes over to barton. barton --k mark barton wins.weighs in on the bank of japan's decision. from new york city, about 34 minutes away from the open. yields lower across the curve. from new york, this is bloomberg. ♪ e jonathan: this is "bloomberg ." gdp --st reading of soft. futures with the ftse 100 down by .4% on the session. dollar-yen, a 1, 2 punch. over two percentage points. in the commodity market, seven straight days of losses for wti. yield front end of the curve in japan, selling off. 10 basis points. we trade at -27 as we come to down to the market open. this is "bloomberg ." ♪ david: we are under 30 minutes away from the opening bell in new york. this is "bloomberg ." punch, dollar-yen. the gdp numbers for the second quarter. disappointing. jonathan: the second punch coming from the bank of japan earlier. not a big punch that a lot of people wanted to see. and the third punch if you are an oil trader or investor, terrible earnings out of exxon as well as wti is now in a bear market. a really rough ride. , head

mark: and i'm mark barton.s is "bloomberg markets: european close". 10 minutes left of the friday session. nine minutes if we're being precise. let's turn to paula with the u.s. fed and b.o.j. interest rate decision out of the way. let's turn our decision the bank of england. august 4, super thursday the b.o.e. released quarterly inflation report and hold a press conference as well and release the minutes of the meetings. here look at what's going to happen, check out the bloomberg. you'll see the futures markets pricing at a 100% chance of a cut in rates. a look at just why that is, we're joined by bloomberg first strategist richard. it was 80% before the july meeting. and we see what happened in july. they did nothing paved in the way for august. having it would be a complete shock. >> it would be. ne of the reasons that these expectations have been cemented at 100% is we've seen an awful lot of survey data that's really pointing to a significant downturn in sentiment for businesss and for individuals. and as

. ♪ mark: live from london and new york, i am mark barton.vonnie quinn and you're watching bloomberg markets. time for a look at some of the biggest stories in the news right now. contessa second quarter profits beat estimates. comcast lost 4000 cable tv customers. that compares to a drop of 69,000 a year ago. is pocketing a cash bounty from rising jetliner deliveries despite reporting is first quarterly loss in almost seven years. the loss came after a $2.1 per share $.40 excluding some cost after taking previously announced write-downs. a larger than expected drop in u.s. durable goods orders this past month. expect it to last three years at least. that is the most in almost two years. orders rose for the first time in three months. that is our latest is the/. let's find out if julie hyman has been keep an eye and apple. julie: yes. i want to look at it again in more detail. it is a big and important stock to talk about. the shares are having their best single day in more than two years after the coming came out and said sales are falling b

. ♪ mark: live from london and new york, i am mark barton.nie: i'm vonnie quinn and you're watching "bloomberg markets." let's head over to julie hyman for breaking news on amazon. julie: amazon giving an update on its prime day yesterday. it is itself created holiday that tries to drive sales over the summer. the company just saying in a release that it saw worldwide prime day of sales up 60% year-over-year. channel advisor said that prime day sales were little changed were unchanged from 2015. it may have been measuring that on a comparable basis. in other words, like for like sales as you can measure same-store sales at a brick-and-mortar retailers. that is what may have accounted for the discrepancy. i been reading through the release what percentage of these sales were third-party sellers versus amazon direct sales. it is talking about that big increase. the company says it is the biggest sales day for it ever, in particular for devices. you can see shares reversing earlier losses. they're only up 6/10 of 1%, but still reversing a 50% ga

mark: i am mark barton and you are watching "bloomberg markets." check in with bloomberg first word news today. emma chandra has the latest. emma: it is being called an ambush, i carefully plotted attack on officers in dallas that left five officers dead and two wounded. police say snipers opened fire during a protest of recently shootings. three suspects were arrested and police exchange shots with a fourth who is hold up in a parking rush. .- garage >> the suspect said he was upset about black lives matter. he said he was upset about the recent police shootings. the suspect said he was upset at what people. white people. the suspect stated he won the kill white people, especially white officers. emma: that suspect was killed after police detonated an explosive attached to a police robot. authorities are not sure they have caught everyone involved in the attack. several members of congress want to know why the white house has not approved the sale of fighter planes to keep persian gulf allies. qatar, kuwait, and bahrain as to buy the planes three

barton? >> yes, sir? >> could i make one observation, looking at that picture up there and the chairman sitting here in the audience, one's a lot younger than the other. >> actually, he looks pretty good. >> i would not -- but i would not want to make that observation about another portrait hanging -- >> exactly. >> because that would be -- >> i look nothing like that. it's probably why chairman upton hasn't put his portrait up yet. anyway, it's good to see billy. i'm going to have to do something i almost never do, and that is in a hearing like this, bring up a constituent issue. but it's the only way i know to maybe get some action. mansfield independent school district is one of the best public school districts in my congressional district. it's a community of about 80,000 people in the suburbs of dallas-ft. worth. several years ago, they got $1 million from the universal service administration company -- administrative company -- to do some internet access for their low-income classrooms. they receive

. -- i mark barton. we are going to take you from philadelphia to london and cover stories out of turkey and japan in the next hour. here is what we are watching today -- german business confidence falls in july. signaling the biggest economy in europe may have withstood the initial shock of written's vote to leave the european union. written's vote to leave the european union. a seriesies -- vonnie: of investigation at ericsson led to unease. and nintendo plunging in tokyo by the maximum amount of 18%, we will look at why the company says the financial and if it's on the pokemon go craze will be limited. have a look at how european equities are trading. we are 30 minutes away from the close here. the global macro movers, you will see norway down, denmark, 1% lower. the stoxx 600 was .8% lower. been drifting downward and we have moved into negative territory. are coming off the back of two weeks of gains, the longest winning stretch since may 27. is 1.3%he stoxx 600 below the close. some interesting corp

mark: i am mark barton and this is bloomberg television. deep dive into the industry, here to talk about the etf's you need to watch is julie hyman. yesterday, we covered some of the big etf's we wanted to reach. joining us from princeton, he for bloomberg television. great to see you as always. you have fourth at some of the various events in the news and linked to various specific etf's to them. the first new etf we are looking at is the leak of those e-mails from the democratic national committee. you are looking at potentially one beneficiary, which could be cyber security stock. >> yes. this is a high profile week. every government and every company out there just does not want this to happen to them. not only will the government probably increase spending, but the company will. they see the revenue doubling in the next four or five years, and there is an etf to play it. a cyber security hack. this came out 10 days after the infamous sony hack and it went up 33% after that event. it then sold off, it is very volatile and that high-prof

i'm mark barton in london. vonnie: from new york, i'm vonnie quinn.t, at the democratic national convention, presidential -- president obama implored the nation to a letter in november. obama: democracy is not a spectator scored. democracy is not about, yes we will. it is about, yes we can. and we will carry hillary. to victory this fall. vonnie: tonight, she takes the stage as a democrat wrap up their convention. margaret joins us from philadelphia, the site of this week's. dnc. is it a unified party? was --thenoser than it was at the beginning of the week. things have changed a medically sense michelle obama spoken president obama spoke. you did see it coming together, but this is hillary clinton's night. she needs to make the case herself. vonnie: what about voters outside of the dnc? message -- will the message get through to them? "itou remember the book takes a village?" she attempts to reach across the aisle talking to republicans and independents as well and introduced in the lead up by national security and aides and advisers from years past.

mark: live from london, i mark barton. shownternational air started today.the biggest aviation companies are there joining us now from the show. johnson --nswer guy anchor guy johnson, with akbar old baker. -- akbar al baker. , good'm joined by the ceo afternoon. i'd like to apologize for the british weather in the british politics, so tell me what brings it means for your business? mr. baker: other than the foreign exchange of people due to the brexit, we are not affected. we still see the passengers traveling in and out of europe. more and more people are flying into the u.k. because of the lower count. you have a 50% stake in iag, wouldn't this be a golden opportunity to raise the stakes? mr. baker: we have 15.24, we like to stay at that level. we are long-term investment, so we are confident that this relationship between us and iag will keep on growing. then we will keep on benefiting from each other's purchasing power. guy: you don't see this as an opportunity to raise the stake? mr. baker: we're not thinking about that at all. guy: his abrasive relate

withmark barton vonnie quinn. it looks like it will close higher by 1/5 of 1%. the index gaining. half roughly following. that is the conclusion of the fed's two-day meeting that closes tomorrow and the boj later. it is after a two-week advance, the best weekly stretch since may the 29. .his is media set media said is the italian media company owned by the former prime minister. you can see that shares in mediaset are down. rolling out of the deal to buy a televisionet's units. that is with mr. berlusconi's unit. it is part of a broader alliance that involves a swap between the two companies. it is proposing to purchase 20% of the paid television units to increase the stake in mediaset to 15% in three years with a convertible bond. they submitted the new proposal because it disagrees with mediaset about the pay television unit's performance. they say it comes out of the blue and was not agreed. chairs are off the lows of the day. orange also within the new, the french telecommunications brokered bought land services upsetting the competition in the french mobile

jonathan: i do love a mark barton turgeon -- tangent.ing wimpy? mark: talking about the u.s. equity market that sterling is not wimpy. jonathan: mark barton coming up on "bloomberg markets." ,he u.s. getting back to work down across the board to one half of 1%. we do certainly have some risk off at the nasdaq as you mentioned, joining in the global selloff on equities. the biggest reason why apple cut itsre down 1%, citi estimates below estimates and that bearish view could be weighing on apple suppliers and we also have a downgrade of pacific crest. whys saying the reason based on recent supply checks in asia, he thinks the demand for the iphone seven, the demand to 20% in the second half of this year versus the phone the year before. if this is true, everyone is talking about the iphone seven being the saving light for apple. that may just not be right. the big story stock, tesla shares are down about 3% after they preannounced their second quarter saying they delivered a little more than 14,000 vehicles versus estimates for 17,000, an

am mark barton.et's get back to the markets on a day of political transition in the u.k., while theresa may's hasrole as prime minister some unknowns when it comes to the u.k. relationship with the rest of the world. for more on how this could play out, i am joined by john roe. think you for joining us. if we could start with this wonderful chart, this is the u.k. economic policy uncertainty news-based index. it essentially shows uncertainty within the news press. and this is the u.s. versus the u.k., isn't it? and the u.k. is at record levels? what does that tell us? for thisaverage level would be around 100, so 600 is very strange. we believe that the political be a leadinghould indicator. so in a base cases it could take as much as 1.8% of gdp over the next 1-2 years. that would be if you had the normal financial market reaction. what a scene in this case is that financial markets held up remarkably well. it is people assumed there would be sufficient easing to offset the effects. mark: so that me

barton: i commend mr. doyle, he and i serve on the same committee and both our staffs have worked well together on this game. mr. speaker, in 2013, the republicans were outscored 22-0 in this game. that was the low point of my entire congressional career, not just baseball, i mean, legislative, you name it. but we have risen from the ashes. my coach, mr. roger williams is ight behind me, has worked tirelessly. we had 32 republican members who suited up for the game, 27 of those were able to play in the game. we had great pitching from mark walker, jim shimkus and our closer pat meehan. we had great hitting. we got 14 hits and we were comfortably ahead and the democrats came back and went ahead and we came back in the bottom of the seventh with two outs. our slugger from the sunshine state of florida, mr. tom rooney, slammed down the right field line and bob dold from illinois secure yeed home and aisle be darn, if we didn't win the game by one run. we kind of slaughtered you this year but will be a competi

mark: i mark barton. this is the european close on bloomberg television.clays traders convicted of rigging benchmark rates were sentenced to as much as six and a half years in prison. three men were found guilty of conspiring to manipulate libor. the first man convicted is serving an 11 year prison term. bloomberg now is our enforcement and investigative reporter. why are they different? guest: the judge made it very they areay that different behaviors. one of them was an instigator and worked across banks and this one was very much an inside barclays job. these individuals were charged with one count -- conspiracy to defraud. so the maximum sentences were different. mark: was there an impact from the tom hayes case? guest: lawyers very much tried to distance themselves from him. he was the only person to be sent to jail in the u.k. and it was nervousness around the fact that their clients would be jailed for a similar amount of time. the judge made it clear he did see a very different case. the trial on conspiring is the u.k.e libor, approach to white col

barton, 30mark minutes left in the trading day.re watching the european close on "bloomberg markets." ♪ york to're live in new london in the next hour, plus covering stories around the globe in austria, silicon valley, puerto rico, here's what we're covering today. yields on 10 and 30 year u.s. treasury's falling to record lows. they join a rally of bonds around the world as some of the world's biggest investors including vanguard say the brexit vote means subdued growth and lower yields for years to come. vonnie: it has been a wild week for u.k. politics. compare leaders launching their campaigns to game of thrones. we will tell you what to expect. mark:

mark: and i am mark barton. changes inack to the the u.k..heresa may on track to succeed david cameron. liste we look at her to do and what she has on her timeline, i have to ask you the question i asked you off air. we want to know who are going to -- the big four. >> the big challenges is going to be balancing the cabinet. sunnis to unify the parties. before five big jobs, she will need to be careful about where she weighs them out. the business secretary, he is -- for promotion. the really interesting one will .e george osborne some people are talking about him as foreign secretary. -- he isions have not keen on a trade type role. -- challenge is going to be playing this game of three-dimensional chess, where you have to keep everyone happy in real time all the time. mark: it she will no doubt find the formula. >> the first week to 10 days will pass quickly. a load of decisions she has to take. to brexit, she will have settle who will be the chief brexit minister. her first day will be wednesday of next week. after that, she gets a pause.

let's head to the bloomberg with mark barton.seeing record low yields and a flight to safety. mark: stocks in europe down the third consecutive day, just two industry groups are rising. basic resources and utilities. the longest losing stretch since june 14, and europe's benchmark has fallen 7% is june 24, the day the referendum result became apparent. get sterling compared to the dollar going back to 1980, yesterday hitting 1.27. the lowest now since june 1985. sterling has plunged by 13% against the dollar, the biggest nine-day drop since september 1992. the pound is oversold against the pound -- dollar. the relative strength index is at 26. bnp paribas losses risk remain 1.27 as theide with starting point. it is forecasting a 25 basis , 25 inut next week october, and 100 billion pounds of kiwi which includes corporate bonds to be announced by the november meeting. there is a wonderful shot, sterling 1980 two 2016. in5 was the all-time low 1985. let's talk about bond deals because we have seen a new low for the japanese 20 year

i am mark barton.rancine lacqua is in zurich where she spoke to credit suisse's tidjane thiam and we are live for more on that interview. here in the studio today, great lineup. today fory joins us the entire hour. let's check in on the markets today. european stocks holding on to gains come up for the fourth considered a day. we have not had such a winning run since july 12. we are track on the third consecutive weekly advance. that hasn't happened for two months. is ofllar yen rate@x"çÑ[ particular interest, post fed and pre-boj. the boj kicks off its today deliberation today. the dollar falling against the -- jumping yesterday and slumping two days ago. it has been a volatile week for dollar yen. the yield fell by seven basis points after the fed upgraded its assessment to the economy yesterday. it did not signal a move could come in september. the yield on the 30, 2 .2%. brent crude to its lowest level in three months, $40 and $.43 -- $43.43. let's get the bloomberg first word news with caroline h

mark: and i'm mark barton. let's get to the big story.rime minister theresa may wasting no time appointing a new government. ago she camehours in. czar will formally signal that it is leaving the block and boris johnson is now foreign secretary. thank you for joining us. i'm trying to figure out what has surprised me the most. it is very much a cabinet in theresa may's mold. what surprised you most? boris johnson or osborne not even in the cabinet, what are your top three shockers? guest: those will do. doris johnson was and continues to be the big surprise. that's a really interesting choice. wouldn't have been surprised if she had given him nothing. his leadership campaign blew up on the launch pad in one thing she could have done it that to eers, she couldit have said you guys had your shot , i'm going to fix it. but she said well done, you one, you fixed it. so david davis, before the the exitm was arguing from the eu and is going to prove us right. would be quitet easy to do trade deals around the world and he's going to get to do th

mark: i am mark barton, this is the european close on "bloomberg markets."terling is coming to its best week, amid signs of political instability in the u.k.. it was the lowest levels of machete five, still about 10% lower since the country voted to leave the eu last month. jones, us now is richard it's been quite a bounceback for sterling. it hasn: --mr. jones: been. the pound index is 10% lower than it was on the 23rd of june, which is the day before we had the big selloff. we had a 3% bounce back this week, and a lot of that may have been driven by yesterday's bank of england decision to keep rates on hold. this puts more emphasis on the meeting for the bank of england which is on the fourth of august and expectations are high that they will cut rates and perhaps look into qe or other areas. the trade weighted pound declined about 8% from its average the month before the brexit bow. what may have played into a monetary or easing condition, allowing mark carney to put off decisions to cut rates? mr. jones: that plays into their thinking, and we are only th

coming up later is bloomberg markets with mark barton.testifies before a house committee why he believed no reasonable prosecutor would bring a case against hillary -- emerging markets closed and mutual but european stocks? editor in this edition of the magazine is all about experiences, such as a trip tracking guerrilla -- guerrillas -- gorillas. 300 years of knowledge distilled into a course. jon: looking forward to this, thank you very much. allen moments ago, at the company conference in idaho, one of our reporters spoke with john malone, liver -- liberty media's chairman. john: there was always m&a opportunity. they are always looking for opportunities. not always big ones. is it something you would do? john: cheap is a relative term. [inaudible] i think there are going to be some banking, capitalization issues. they are both subscale, this gives them the opportunity to get bigger. aggressive.more we will see. [inaudible] on the other hand, interest rates are remarkably low, so you have to look at the ability to serve that. you have

barton. >> next motion on page 1, line nine. the addition of a summation of a historical statement that probably says it stronger than we do. we're talking about cutting government. insert who work, pay taxes and wonder what happened to the country they love. we agree with thomas jefferson the multiplication of public offices increases expense beyond income growth and entailment of public debt are indications of the employment of a pruning knife. >> the motion has been moved and seconds. discussion? seeing none, all those in favor, signify by saying aye. opposed nay. the motion is adopted. the next motion from the delegate from nebraska. >> this is brian bishop from nebraska. i am offering an amendment on page 1, line number 16. i am suggesting that after this sentence that we include an additional sentence when congressional republicans tried to reverse course the administration manufactured phony government shutdowns to demand excessive spend package i'm suggesting in adding in the administration's spending as focused on signi

mark barton.tocks holding on to their gains by the smallest of margins, up by point 02%. the stoxx 600 has risen by 5.6%. onll 2.8% below the close june 23. have a look at the msci going back to the beginning of the year, recouping its post brexit losses on tuesday. 27 it was june sitting on a two day 7% drop and that is what happened from to there and we have rebounded, the index has rebounded since falling to a three-year low in february. they have recouped all of their post brexit losses. the pound has not but is rising for a fourth day against the dollar, the longest winning stretch since may 19 this year. by all 31 ofrisen its major. and has rebounded from its 30 year low. earlier on june 24 at rose as high as 1.5018. stirling is still down by 10.6% against the dollar. let's call this the cameron index since it is david cameron's last day as prime minister. we have gauged the performance of all of the u.k. assets since he became prime minister in may 2010. , the u.k. line sovereign bond index

let's head to mark barton with your asset check.co -- mark: officials were going -- were losing a confidence in the economies ability to withstand higher rates even before the referendum ere in the u.k. still the stoxx 600 is 6.7% below the close on june 23. all industry groups arriving. this is the big piece of data today. u.k. business confidence sinking to a 4.50 low in the days after written -- after britain voted to leave the u.k. -- the eu. more service showing that sort of figure. this is an interesting chart for you. these are the big home builders in the u.k. since the referendum on june 24. you see all of them are falling between 28% to 39%. reiterate, also housing market fundamentals remain strong that it is too early to assess the impact of the referendum on the u.k. economy. after this seven property funds have frozen withdrawals this week after four more joined the lift on friday. you've got declines from aberdeen of a percent to henderson group, down by 22%. francine: mark barton with the asset classes you need to be

. ♪ mark: live from london and new york, i am mark barton.e for a look at some of the biggest business stories in the news right now. whole grains posting quarterly profit that beat estimates. cutting costs and rising sales of fiction drugs. waiting for a regulator to prove its $9 billion takeover of raided. tech, an buy nor american company. the price, $2.8 billion, a 38% premium over the price yesterday. an investment company that wants to benefit from the growing u.s. company. that is your business flash. let's head straight to the market just where julie hyman is looking at movers. julie: one of them is hard, a harley davidson. surge on speculation over a buyout of the company, down 3.5%. in 4.5% of the , highlighting some key risks coming in aging fromraphic and competition the revised indian brand, all of that weighing on the shares. we're looking at the bank, specifically yesterday, morgan stanley, oppenheimer, to outperform, he says he doesn't think the company will be consensus estimates, down a little more than 1%. saying it is losi

mark: i am mark barton, this is the european close.nk of england planning to ease capital requirements for banks in the wake of the brexit vote. this would allow banks to have more flexibility, after mark carney warns of an imminent slowdown yesterday. mark carney: what we said in terms of the risk to the economic outlook, in terms to the risk to financial stability -- does anyone in this room not think that those risks have begun to manifest? does anyone in the country think that those risks have not began to manifest? mark: joining us as michael moore, who covers banks. you had better tell us what this is first and then we will get cracking on this interview. michael: the countercyclical put in tosomething make banks hold more capital during good times and then they are able to scale that back during bad times. this is what this is for. times like this where you have a shot -- a shock like brexit, the bank of england can say we are lowering the requirements, see you can feel more comfortable continuing to lend into the economy, and n

barton: we are talking about public health in our national in the h.h.s. and talking about the e.p.a. and i yield back. mr. israel: the e.p.a. uses scientists engaged in emergencies. deploy those e to scientists and make sure the federal government is deploying this and why i yield back. the chair: all time have has been. those in favor say aye. those opposed, no. yease pib of the their the have it. and the amendment is agreed to. in it is order to considered number 49. >> i have an amendment at the defbling. the clerk: printed in house report offered by mr. byrne of alabama. the chair: the chair recognizes the chairman from alabama. mr. byrne: i like to news to this amendment. this would redreekt funds under he gulf of mexico and this was off shore 006 and of revenue and four states, texas, louisiana, texas and louisiana. and the revenues from oil and shelf. s from the outer and sovietal preparedness. there is a reason. work force but they have inherent economic risk. and instead be spread around the. ot only does it contradict and undermines the law and

abigail doolittle at the nasdaq and mark barton in the city of london.ity with matt miller. the potential for a record high. matt: using the chart you tweeted this morning we could see the s&p at a record high. it could be the first time in 261 days we hit a record high and the ten-year record low. that is never happened before. take a look at the stocks we're watching this morning. alcoa kicks off earnings season. this is the longest stretch of quarterly declines in a row. we're looking for a 5% decline in earnings this year for all s&p 500 companies. alcoa is going to post nine cents in eps. $.24 in thep from same quarter last year. this company also expected to post a drop in revenue. you can see the stock is up a little bit. date freeport is up 64%. because of the rise in gold freeport has been gaining steam. it is up more than 2%. botht to talk about huntington bancshares and keycorp. both getting an upgrade today. keycorp is responding fairly well. the analyst did not change his price target. let's go to abigail doolittle in the nasdaq. abigail: ya

barton. he has documented the breadth of which the founders used the bible as the basis for the construction of our government and the basis for the morals within our society. you could probably give you the specifics. -- he could probably give you the specifics. >> the delegate from north carolina. i think we can keep the sense that we want to about the bible. if we make a slight revision that would say, a good understanding of the judeo-christian ethic being indispensable for the development of our educated citizens, and work it in that way and use that as the psucational tool, it keep sth the thought in. i make a motion. >> well, that seems like a little bit more involved. let's just continue the discussion and i will see if that is something the author is interested in pursuing. the delegate from alaska. >> i do have some different wording that i think i prefer over this. i will just make it at this time. for the development of an educated sensory, we encourage elected officials to suppor

mark: i am mark barton and this is the european close on bloomberg television.news right now. challenging tesla motors with its own promise to sell an electric truck in five years. daimler says the heavy truck will have a range of 120 miles per battery charge. elon musk included a truck in its master plan that he unveiled last week. sales better than expected at lvmh. revenue in the wine and spirits business was up in the second quarter. the u.s. and europe but more champagne. sales of the fashion and leather goods business unexpectedly rose. bancofo of spain's is taking a wait-and-see attitude towards brexit. he told bloomberg television it is too early to access the long-term impact of the brexit vote. >> longer-term, i think we need to see how the economy does and what interest rates will be. obviously we are highly committed to the u.k. we have one of the largest banks in the u.k. we think the adjustments will be temporary in any case. we continue to strive to gain market share and to have a stronger presence and a deeper presence in the u.k. mark: the bank

there are guys like david barton, sort of a historian of the christian right. there is a whole universe -- one of the ones i'm interested in is the fellowship foundation sometimes called the family or c street. viewers may remember in 2009, 2010, a number of congressional hopefuls -- i'm sorry, presidential hopefuls, they were all cut up it appears covered up by this evangelical organization. mike pence has been moving in the circles for a long time, using the national prayer breakfast as a kind of backroom lobbying place for him. that is his foreign-policy expense, meeting with delegations from other countries that are looking to do business with america. often in terms of military funding and they're going to do that under the cloak of prayer. has been a skillful operator in that sense. i think that is why he is liked by conservatives. in the vein of ted cruz, but also an operator. he is also a man who cut deals. ofhink there is a question is the hypocrite or a true believer? i think the answer is, yes, he is both, absolutely. and that is what makes him a for

london, i markve in barton. -- i'm mark barton.elevision. ♪ vonnie: we want to take you from new york to london to san francisco and the next hour. into the trading day in new york and u.s. stocks are fluctuating with a flood of earnings reports. little to clarify the strength of the economy. in europe, stocks dropped from a one-month high. democratic national convention in philadelphia, president obama makes his most or so case to hillary clinton's presidential bid. we are offering a blistering critique of her opponent, donald trump. vonnie: facebook shares are rising as the company beat estimates in every metric with sales rising 59% on mobile ad demand.

next amendment by delegate from texas, david barton again.his is page 1, line 20. >> also a clarifying amendment. i think it may also reduce the possibility of getting shot at in some areas. we talk about opening new markets for agriculture and then we say "through multilateral and bilateral agreements." given what we've just gone through with obamatrade and the sensitivity toward those type of multinational, multilateral agreements, let's just drop that phrase completely and let that be open for however they want to open those new markets, and that way, we don't create inflammatory language that people are sensitive to right now. >> is there additional -- is there a second? discussion? hearing none, all those in favor of delegate barton's amendment, please signify by saying aye. >> aye. >> opposed no. the amendment is adopted. next amendment by david barton of texas, page 1, line 33. >> also perhaps a clarifying amendment. a lot of people will think that having minulay blaine is a good deal. to explain why it is not, i would insert two adjec

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cbs news correspondent chris marched inch owes in barton ruge with the latest. >> a police chaplain put up crosses. >> in my house -- >> and red scriptures near the battoning ruin convenience store where gunman ambushed police officers on sunday. >> just too much violence. >> the shooting began, when officers responded to a call about an armed man, dressed in black. >> shots fired, officer down. >> police say former marine, gavin long, was targeting police. he died in a shoot-out with officers. three officers from two different departments, were killed, 45 year old father of four, brad, 41 year old former marine, matthew gerald, 32 year old montra jackson, had just become a father, three other officers taken to the hospital, one in critical condition. sit on edge after two weeks after police shot and killed black man during a struck. >> i another police shooting in minnesota and the killing of five dallas police officers has added to tensions across the nation. >> we're going to have to do bet nerve terms of our dialogue, but we can't pretends that will be enough. we need new long enfor

. >> the last -- >> my name is lucy barton. terrific book. >> yes. it really is. and it's a dark book -- >> yes. >> this latest one is a dark book, but she writes really very compellingly. so fiction, latest book is elizabeth strauss. >> excellent. well, i want to now open up to questions. i want to give a few extra minutes, because i know you all will have some. and, again, if you'll come to the mic in the center here, you can form a line behind it. i'll try to make sure things go smoothly. >> don't be bashful -- >> don't be bashful at all. open mic night with diane rehm. or afternoon, excuse me. [laughter] >> excellent. >> go right ahead. lead the way. >> now, i don't have a question, i have a comment. >> all right. >> we, we just love you being in our lives. we will miss you, but i'm sure we all wish you just the most wonderful life after "the diane rehm show". >> thank you so, so much. that's very kind of you. [applause] thank you. >> i read a book recently by dr. joyce brothers called "widow," and it for women here, i would recommend it, to read it. and i don

i mark barton. three former barclays traders have been convicted of libor manipulation. they were found guilty of conspiracy with other barclays employees between june 2005 and august 2007. the decision comes almost four years to the day since the bank paid out hundreds of millions of dollars in fines for fixing the key benchmark rate behind more than 350 trillion dollars in securities. exchangeock shareholders have voted overwhelmingly in favor of the deutsche, but the deal is getting pushback from german regulators who don't want to come might exchange to the based in london. people familiar with the matter said the compromise may mean moving the new company's location outside the u.k. one of the most high profile pro-brexit campaigners has resigned as leader of his political party. arage is stepping aside as the head of the u.k. independence party. he says he has done his bit and wants his life back. global news 24 hours a day powered by 2600 journalists and analysts in more than 120 countries. the rally in a greasy as seen in the last four or five days has come to an

this is along state route 84 at the foot of the dunn barton bridge.raffic getting onto the bridge. facebook is pledging millions to tackle the traffic issues as well as build affordable housing near the campus. >>> a mystery in the waters of san francisco bay. dead bat rays washing ashore. a woman alerted wildlife officials who investigated. nbc bay area chuck cope la near where those bat rays were found. chuck. >> reporter: good evening, terry and jessica. the u.s. fish and wildlife service says in an ironic twist, this is related to an effort to environmentally change this year near the avee soma rena and along the shoreline on either side of the base, to transform the manmade salt pods back into tidal wettelands. in the monday light, hikers headed out to where wildlife officials are flushing the salt ponds with bay water. in daylight, you can see the process is trapping bat rays. lindsey mueller counted a dozen sunday and three more today. >> i've never seen them washed up like that before ever. sometimes we'll see some fish maybe. sometimes you'll