from london, i am mark barton. vonnie: i am vonnie quinn.ean close on bloomberg markets. ♪ mark: the top stories we are covering on the bloomberg today. janet yellen spoke at jackson hole and mario draghi will speak later in today. janet saying any changes to financial rules should be modest. secretary, aign leading backer of brexit, acknowledges that britain will have to pay to leave the eu, well he terms continue to get softer and softer? the money behind the mayweather macgregor mega fight, the biggest financial winners from the tomorrow -- by tomorrow. -- fight tomorrow. one of the biggest in recent history. european

i am mark barton in london. am vonnie new york, i quinn.-beta etf's have let -- yet to take effect in the fixed income change. here with us is air ball tunis -- eric boulton us -- eric b alchunas. specifically when it comes to smart beta, why has it not taken root with fixed income? eric: because people interested in outperforming are happy with the active bond interest fund. there is less room to exploit. on the equity side, people were not happy with equity managers the last decade. etf's had. if you look at how credit managers are outperforming, there are tricks. they will take duration bets. is isart beta really taking things smart managers did to get alpha and converting them into an index. are looking to do those things and convert that alpha technique into it and index for a third of the price. ultimately, if people start looking at costs, and they say the beta etf's does the same as an active manager but does one third as much, that could move the needle. julie: what are some examples of this strategy, where you convert the more act

barton, are you able to hear me? it appears we lost our audio connection to barton, are you able to hear me? maybe not. let me throw the question back at you, jeff. >> i can take that one. the president's frustration is very sincere and real, he's concerned with repealing and replacing obamacare and he expected that the senate would be ready for that when he got into office. on the other hand, senator mcconnell's frustrations that he articulated in that speech that then upset the president were very genuine as well. this is somebody who came into office without any background in politics, he made promises such as saying will repeal and replace on day one. that was unrealistic. that's a source of frustration for somebody who made that such a centerpiece of what he offered to the american people. >> jon: president obama was criticized for not wanting to get his hands dirty in the legislative process, he said the big goalpost and then let the legislature worked things out and to a large extent, that would be the case wi

mark barton -- mark: i am mark barton from london.ime to look at some of the biggest business stories in the news right now. netflix is climbing on the superhero band wagon. -- themic book was artist who has published such stories as "king'sman" and "old man logan." the terms of the deal were not disclosed. sprint is facing increasing competition in the u.s. wireless market. this is your latest bloomberg business flash. we are if we are minutes away the close is next. this is bloomberg. ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. mark: stocks are finishing the monday session lower today. basic resources, tracking metals are high. construction and insurance, the only industry groups that gained today. all the others declining after the first weekly gain in three. lots of good charts to show you. leveraged bets. a strategy

mark: i am mark barton, this is bloomberg markets.n bet on tom by emco's $62ven billion. they talked about the importance of pimco. >> i think pimco is severely a valuable member of the allianz family. off that we have acquired pimco many years ago and also staked to the recent years of more difficult development and now going to the next success but also we have to say it is a very volatile and difficult market. we have to enjoy it as the successes come. i would not make a forecast for the next five years as to how pimco is developing. it's a hard fight for customers money and only top performers get the inflows in that fight has to be done and one. every week. they are doing quite well organically but i wonder if you might get in on the purchase hereof the m&a and firemen for fund management. you did just make a purchase in the u.k., auto insurance, what about the fund management side? can you add to pimco's assets with some m&a? we are certainly looking because we have also a second successful asset manager, allianz global investme

clara barton parkway outbound crash on the ramp to cabin john. traffic getting by.e clearing. green line service suspended branch avenue to naylor road. shuttle buses established. any questions at erin fox5 d.c. on twitter. holly and wisdom. >> a fox5 exclusive interview with the maryland couple who says they were attacked because they were muslim. the alleged assault happened about a week ago while they were walking in their rockville neighborhood on rowland avenue. the husband says a man began yelling anti-muslim slurs after he heard them speaking in arabic. he says the attacker put him in a headlock pushed him to the ground and started kicking him. >> after then i hear the voice coming from here so when i turn, he directly attacking on my face, on my neck, on my back and my hips. >> eventually the a off. montgomery county police say they have not found any surveillance video of the attack. anyone with information is asked to call police. the council on american-islamic relations is offering a $1,000 reward for information leading to an arrest. >> we're back with

mark: i am mark barton. vonnie: i am vonnie quinn.a stock of the hour and we are looking at campbell's soup. at onefalling almost 7% point, the biggest drop since february. emma chandra is here to tell us why. emma: it really disappointed. shares was below analyst estimates. and sells below forecast. we have a chart that shows sales growth. if you look at a that, they have not seen any positive sales growth for the last 11 quarters. one quarter where things looked flat and then going into negative territory. also cameit forecast short, falling short of estimates largely because of the company is struggling to change at the same pace consumer tastes have changed. people rejecting packaged goods and looking for more or garnet, fresh practice organic fresh -- organic, fresh products. unit.ll's has a different fresh was the one that showed some positive growth about only a small part of the revenue stream. bloomberg intelligence analysts saying business is not showing turning around and no blocked does no blockbuster program. -- no blockb

mark: i am mark barton.ges facing the advertising business with shares of wpp plunging for the most in 17 years, cutting it revenue forecast and client cutting market spinning. -- marketing spending. joining us is wpp chief executive sir martin sorrell. smacked by the size of the decline in wpp shares today? sir martin: i never comment on share prices. it is a bad thing, whether they go up or down. let's talk about the reason come in the investor meeting today, you listed micro reasons and macro reasons, talk about activist investors focusing on cost, leading to declines, which leads to the you,ion, to what extent do masters of your own destiny, are you at the mercy of these external factors? sir martin: every business is at the mercy of macro and micro practice. , from try to simplify it 2011 toehman, from 2016, a low growth, below trend gdp growth world. very little inflation, very little pricing power for our clients. an environment that we could work with successfully and , 12, 13, 14, 15, 16 record resu

i am mark barton with vonnie quinn.s finish down for a second day, up by one fifth of 1%, with utilities. also gassed and health care. the gauge fault before that 21 month high reached on may the 10th which puts it on the 10th most performing european benchmarks. after a brief spell of moving in the same direction earlier this year, euro stocks are once again getting ground down, whenever the currency strengthens. the two are diverging by the most in 15 months of according to the 60 day correlation. euro is blue line, euro stoxx 50 is the white line. the euro within 2% of that 120, what some are calling the pain threshold which strategists are dampening with these long-awaited earnings, reviving europe. line, hashe blue overtaken chrysler. ferrari is the white line and chrysler is the blue line, currently worth about 1.9 billion euros more. , and out to brokerage cross, all have increased their price targets by about 25% or more after last week's earnings and reports of expansion plans which may include adding a in the

from london, i am mark barton. vonnie: from new york, i am vonnie quinn.uropean close on "bloomberg markets." ♪ mark: here are the top stories we're covering from the bloomberg and around the world. there is no escaping brexit. it will continue to take a toll on u.k. investment and growth, one says. we will go through the headlines as the central bank -- pressure.under will the bank change its tune after rewarding shareholders? an exclusive interview is coming up. in the u.s., for goldman sachs president gary cohn is one of the front-runners to head the federal reserve. how would his style clash with the fed's more reflective culture?

kpix is live on the dun barton bridge to explain why this proposal has been picking up steam. kit. >> reporter: yeah, facebook knew that if they waited for government to finish this study, who knows when it would have gotten done, so they cracked open their checkbook and as a result, the study will be released tomorrow. now if or when this ra buililt, first new rail crossing built since 1994. could this 107 year old bridge, a rotting heap of wood and metal and concrete help solve the housing crisis in the bay area? >> what's your gut tell you about what this rail bridge will get built? >> this rail bridge is going to get built. eventually this rail bridge will get built. >> reporter: local government officials have been talking about rebuilding the old rail bridge for decades. it was built in 1910 and used mostly for 48, but then fell out of service and back in the 90s was damaged by a fire. with no funding, talk of rebuilding stayed just that; talk. but in recent years, the defunct rail bridge got a new neighbor: facebook. in fact, the new rail line crosses right in front of

mark: i'm mark barton. time for futures in focus.nvestors awaiting the big stockpile data in roughly 14 minutes. gold lower. dollar gaining after the adp jobs report. shover.us is larry thank you for joining us today. relationship between the dollar and gold weak dollar, strong gold and in reverse? >> in my view i think it has to break down. i have a viewpoint that insulation is nonexistent. i also believe long-term rates are going to go lower, not higher from here. it's been really interesting to watch because the dollar has basically reversed its whole move this year. it really hasn't been affected. 990,you look at the vix at gold as a safe haven isn't a safe haven right now. it's really interesting to see how it will play out. i think the long-term prospects are on the downside. 1300. you don't think it's going to break up and hold. >> i don't think it well. that's one of the few commodities that was long at the beginning of the year. it worked out for the wrong reasons but i'm glad it did. product demand coming from india and esp

this is bloomberg. ♪ mark: live from london, i'm mark barton.: and live from bloomberg world headquarters in new york, i am vonnie quinn. annual symposium in jackson hole wrapped up this weekend. bloombergs michael mckee got a chance to sit down with cleveland's fed president who has been more one of -- one of the more hawkish members but -- of the fomc. >> monetary policy is still accommodative. the gradual path of normalization is really a gradual path and my argument of why you want to stay on that path is because we are in a more normal economy. inflation is not yet at 2%, but what we learned is we have to move policy a little bit before we get to the goals or we are going to be behind or potentially left behind. we could find yourself in a bad spot. i would not say i may advocate of higher rates. i am a advocate of keeping on this more gradual normalization path where we are taking away some of the accommodations we needed to put in. ofhael: you think the risk higher inflation is greater than the risk of higher rates having a damping of act

mark: i'm mark barton. counting down to the european close in 14 minutes.earreflecting today on 10 since the start of the credit crunch. today marks a full decade since -- exposed to sue u.s. subprime mortgages, an event that triggered a credit crunch. assets have largely recovered. we are putting the question to james athey -- i want to show you this chart. , but befored on qe then, the ecb did a lot. james: absolutely. in the u.s., you had recapitalization of banks, you had liquidity provision, a huge amount of rate cut before you got near to the conversation on qe. it has been quite an incredible journey. ,ark: looking at credit spreads reflectds and liquidity what central banks are about to embark on or not? james: i don't think many markets do. that does feel to me something which at the moment markets are putting into that folder of "i "ll deal with that later" or we will wait and see" to some degree. we evidence float and didn't know what it meant. when we had the taper tantrum, just the mere announcement that they would slow the rate at which they a

mark: i am mark barton and this is bloomberg markets. get to the daily futures in focus, gasoline rising, extending his largest rally since 2013. crude rising $47 and gold turning higher after u.s. economic data. great to see you. where does this gasoline futures rally take us, the eight day of gains. >> we will have to see how much more news we will get out of harvey. in the last few minutes, we saw that the big refinery is going to be off-line for the next few weeks. we are seeing an acceleration in the spike in gas. we are probably near the top of what we will see. not only is it the tragedy of harvey that is causing a lot of this, coming into the labor day weekend, one of the more heavily traveled weekends of the year. the combination is what is fighting the gas prices. -- spiking the gas prices. i see a topping off quickly. mark: weaker oil prices which is wising -- rising. mid-$42 to $43, why are you bearish? >> it is rising and i think it is rising in concert with a little bit of the gas prices. overall demand is still terrible. i

it is my pleasure to introduce for our final afternoon talk barton myers. barton is an associate professor of history at washington and lee university where he teaches courses on the american civil war, war and society, the u.s. south and public history. his main research emphasis is on a regular warfare, soldiers in atrocities, and political dissent. he has earned his phd at the university of georgia where he studied under john ensco. he published his master's thesis, which is unheard of, entitled "executing daniel bright: grace, loyalty and guerrilla violence and coastal carolina." in receipt the 2009 jewels and francis landry award for the best book in seven studies. university published his dissertation, a book entitled "rebel against the confederacy, north carolina's unionist." he is the next rotondaro aware fair. he has an edited warfare with brian mcknight and daniel sutherland entitled "the guerrilla hunters: irregular conflicts during the civil war." 2017, you are not going to speak on guerrilla warfare. after all this, he does more than that and i

if you're traveling outbound on the clara barton parkway, report of a crash near the glenn echo turn around. inbound looks pretty good. no problems reported around the capitol beltway so far through maryland and virginia. things are looking pretty smooth. no real issues on 95 in from the wtop traffic center, i'm rob stallworth. back to you. >> thanks, rob. >>> businesses are cashing in on the eclipse. where you can score a deal today before the sky goes dark. >>> what rights do you have on your next flight? what the experts are saying about the >>> if you bought powerball tickets over the weekend, put it away. no winner saturday night after the drawing. you might want to go out and buy a new ticket or two today. wednesday's jackpot is up to $650 million. >> wow. >> that's just the second biggest jackpot in u.s. history. the odds of winning still 1 in 292 billion. >> i know. i like how i buy tickets thinking when the jackpot get bigger, i have a better chance. it's the opposite. >>> today's eclipse is inspiring some stellar special -- denny's is offering all you can eat moon cakes. th

i'm mark barton with vonnie quinn. 19 industry groups on the stoxx 600 rising today, propelling it up five 9/10 of 1% , ensuring the gauge rose over the week after two consecutive weeks of losses. we had some macro data today out of germany. factory orders jumping at a .tronger than forecast orders were up 5.1% versus earlier when ingested -- adjusted earlier. manufacturing coming to a driving force for germany. you --see can send continue to see confidence among businesses. economic activity -- this is interesting. at the start of the third quarter, its lagging behind france, italy, and spain for the first time in more than 12 years. a wonderful chart showing you .actory orders this is a fantastic chart showing you chairs of a company that we don't get to talk about everyday or during an election or a referendum, the yougov polls up. the market research and data analytics group predicted the uk's shock election result in june. the correct call has interestingly boosted revenue ahead of previous expectations. internati

mark: i am mark barton with the european close eight minutes away.nson softening his brexit. another brexit supported making acknowledging the u.k. will have to pay to leave the eu. he said we will meet obligations and keep in mind that this -- after saying the bill was extortion. chief is here.au >> he said the eu could go whistle if it thought it would get any money from the u.k. with brexit. he said today, he really meant they wanted 100 billion euros. he is falling into line. it was a silent summer for him. we were wondering what he was thinking. saying that a transition would be ok, others were saying but he was silent. we do not know if he was planning a leadership bid. he said a transition of one year, two years, three years is fine. united?e cabinet is >> to an extent, chancellor hammond who is pro-business and pro-soft brexit, he has been sitting with colleagues and explaining just how complex it is. the intricacies of it and what it means in real terms. he listens to businesses and heaters then explaining -- here's -- they brexit people are

this is steve barton.r him from 2003 when during game six of the national league championship series against the florida marlins he reached over and caught a ball in foul territory. at the time the team had only four outs from going to the world series where they could have won their first championship since 1908. instead, chicago lost that game and the next and they were done for the season. so, this guy had a pretty bad reputation in town for the past 13 years barton has been tormented and even threatened by some fans for that catch. the team wanted to make it up to him and close this chapter in cubs history by giving bart man a world series ring. >> all right. >> we continue to follow breaking traffic news. now investigators are on the scene of yet a second crash in gloucester township. it is a mess at this location. we'll give you the latest. and after the rain this past weekend, work is set to remove standing water left behind in one jersey shore town. we'll be right back. >> ♪ fios is not cable. we'r

. >>> up next taking on the traffic a new idea to ease congestion on the dumb barton bridge it involves facebook and a new train. >> and jimmy. >>> hey guys ice cube is my guest tonight plus ryen sea crest. music from ashton bronze and nfl preseason. do not change the channel. all new tonight. >>> happening now single day passes for san francisco's outside lands went on sail today. gorillaz, metallica and the who headline attention the three-day festival kicks off around the corner in golden gate parks we post-ed details on the home a page. back in a moment. this busy mom spends her days driving all over town. so why is she smiling? because she shopped during the safeway anniversary sale and filled up her trunk with grocery savings, plus earned 4 times the gas reward points. now that's something to smile about. right now, get pepsi 12-pack 12-ounce cans, buy 2 get 2 free, and lay's chips, 9.5 -10 ounces, 2 for $5 with your club card. the safeway anniversary sale. come in and explore. castro valley this afternoon. >>> not exactly the kind of knock on the front door you would expect. it w

from london, i am mark barton.nnie quinn and this is the european close on bloomberg markets. ♪ mark: top stories we are covering and around the world, wpp shares were at one point down the most in two decades as the world's biggest advertising company grapples with a slowdown in corporate spending. we will talk to their chief executive martin sorrell in a few minutes. and politics, theresa may makes another concession on brexit negotiations. compromising on the role it eu law, bringing up a key question -- how more down will brexit become? mario draghi gives a preview of his big speech this week at jackson hole, telling an audience in germany that central banks must be open-minded and be ready to throw tradition out the window. ♪

from london, i am mark barton. and this is the european close on "bloomberg markets." ♪ mark: here at the top stories we're covering from the bloomberg and around the world. tensions flare up again with north korea as the kim regime launches a missile that flies over japan. japanese prime minister shinzo abe calling it an unprecedented and great threat. theeuro hits his highest against the dollar. can the ecb talked the euro and doesn't want to? rein in damage totals keep climbing as tropical storm harvey continues to flood out houston and surrounding areas in texas. damage totals could run as high as $100 billion. we have got the latest on the storm, which is to pay for a second

so let us welcome barton myers. >> i want to thank dr. carmichael for having me here today today to speak about one of our greatest commanders and most controversial figures. robert e. lee of virginia. for the last five years i've been a professor at be washington and lee university where robert e. lee is buried in the lee chapel museum. so he's become a cottage industry over the last few years for folks and i've dealt with a lot of issues with lee and the historical memory over the last few years. before i started my career in the academy, i was a national parks ranger and lived on the battlefield. so i spent a lot of time thinking about robert e. lee. i want to talk about lee, one slice of his military career. the moments when robert e. lee was in greatest personal danger on the battlefield. general robert e. lee had been the commander of the northern army of virginia6, 1865, he gra staph of a worn confederate battle flag to rally the fleeing remnants of his army. at the battle of sailors creek lee was for the final time personally plac

i'm mark barton with vonnie quinn. all 19 industry groups down.gest two-day drop since november. that puts into perspective the , 48 hours.he last 24 trump and north korea. down live by basic resources. glencore building this war chest. the world's biggest commodities trader preparing to ramp up acquisitions. glencore keeping its dividend will -- unchanged. using the extra cash to pay down borrowings. less then half the level in early 2014. this is a company that emerged from the crisis as metal prices recover. shares in the last 12 months up by 74% today. down by 2.7%. the world's biggest provider of temporary workers reporting second-quarter revenues that missed estimates. it's been hit by a downturn in hiring and some of the world's biggest economies. italy remaining its strongest market with a 25% increase in revenue. sales in north america, u.k. and europe's german speaking region fell as much as 4%. revenue from france rising 9%. confidence in the economy rising to a six-year high. macron vowing to overhaul labor laws and tighten government

mark: live from london, i am mark barton. time for the bloomberg business flash. of copper has risen to a three-year high with the chief executive of a metal producer does not see the good times ending. he spoke with bloomberg news. >> we are seeing sustained growth and copper demand link to organization and to the move that china is giving to the consumer economy, much more intensive in copper when it comes to electronics and appliances. add a significant change or disruption technology wise with electric vehicles in the space of clean energy. which is amazing. mark: copper has rallied 20% in 2017. bad news when warren buffett berkshire hathaway attempted by encore failed. it removed the company from creditwatch negative the s&p says berkshire hathaway has had a negative status in july to reflect uncertainty over how it would pay for the proposed $9 billion acquisition. that is the latest bloomberg is this flash. or minutes away from the end of the tuesday session -- four minutes away from the end of the two-day session, stocks rising. volumes 86 percent below th

. ♪ mark: live from london, i am mark barton. vonnie: i'm vonnie quinn.pital annual jackson meeting starts later this week. the scene this year is fostering dynamic global economy. we talked about janet yellen and mario draghi and whether they of a global economy and if their definition is the same. >> there is a fair amount of agreement across central banks that a dynamic global economy is one that is on the one hand, registering strong and sustained economic growth. flown by a stable, capital and global trade. on the other hand, one where inflation is a subdued but near target. to me right now that in both of these cases in europe and the united states we are falling short on the inflation objective or should. >> what you going to be listening for this week? there is a quality to the areourse at jackson, we being teased that the speech that janet yellen will give is on financial stability. a broad brush. what we be listening for in terms of her and others? >> one broadpoint about jackson hole is, what really goes on their of substances outside the offic

mark: i am mark barton county it down to the european close in roughly 10 minutes.otiations turned tense. u.k. failed to prepare adequately for the talks. >> i've read all the position papers produced by the your majesty's government and none of them is satisfactory. there are still in enormous amount of issues that remain to be settled. mark: back with us from boston is dan fuss. thanks for sticking with us. i'm looking at the u.k. 10-year and you have not been below 1% since the middle to end of june a few months ago. round three of brexit talks are underway. what does the u.k. fixed income space look like given the uncertainty around the outcome of brexit? dan: well, it looks much too pricey just to be blunt. the currency has been up against the u.s. dollar, just under 5% year to date, but recall that it got really clobbered after the brexit vote. it is still well below that level by say approximately 10%-11%. the point is here that we worry about our political situation. my goodness, in the u.k., they really worry about theirs. how do you deal with the uncertain

mark: i mark barton. this is the european close on "bloomberg markets."e bank said to be considering a plan that would shift almost 1/2 u.k. workforce to the european consulate. most of the 4000 positions would move to frankfurt and berlin. joining us from frankfurt, a reporter who covers german banks for bloomberg. this seems a bit more dramatic than some of the other banks who are moving employees, such as hsbc and jpmorgan. why is that? >> indeed. it seems like it's going to be 1/2 of deutsche bank's workforce, and what still is and will for sometime in the future be the trading. this is a huge change, apparently. the reason behind this is they also have a new strategy in place focusing more on the german home market and the european continent. it seems like they are using brexit changes as a trigger to implement further strategic investment and that's why it's a bigger change than from any other banks. mark: tell us more, remind us trade inlets been going on with which bank. -- duetsche bank. it's moving assets from london to frankfurt. remind us abou

. ♪ ♪ mark: would from london, i am mark barton. vonnie: this is bloomberg markets.are now lower, turning negative even after the jeweler reported better earnings and profit than analysts had forecast it. the company's strategy to bring in lady gaga to drive younger shoppers also appears to be working. joining us with more is taylor riggs. gaga is upping sales. taylor: i would imagine shares are turning, with a total comparable sales quarter down 1% and that was wortse than estimates. the america and japan region are a bright spot. the america region was up more than expected, only down 1%. in japan, up 9%. well more than estimates. topline and bottom-line revenue beats. you mentioned lady gaga. we can talk about that. it appears to be working. i remember watching the super bowl and seeing her in that first ad. they were trying to get her to appeal to younger shoppers. vonnie: it ended up not having a punchline. taylor: she is coming out with a new hardware line, more younger, hip makers. that does appear to be working. i mentioned the americas and japan region. i wa

mark: i am mark barton. retail.rn to tiffany reporting second-quarter better than estimated.ame-store sales better than expected. trying to attract younger shoppers by renovating stores, introducing a collection promoted by lady gaga. joining us now is andrea felsted who is also going to talk about dixons car phone. london.ere in that is where i want to start and i am the boss. when the merger happened, many might have thought he would be the electronic side that may be the whirring area, -- worry ing. >> it is a prize. phones are one of the air is if you're going to be squeezed on income, you're not going to cut back on your phone. it seems they're getting more expensive. ,hen you're upgrading them their less snazzy. where holding on to the longer. the expenditure of, weaker since 2014. clearly, if your phone is becoming more expensive, there is not a snazzy new phone to choose from, you're thinking, you know what? i will save a bit of money and save -- stick with my current phone. that does seem to be the case. i think there are some companies specific factors. they have re

mark: live from london and new york, i'm mark barton.'m -- vonnie: and on vonnie quinn it -- i am vonnie quinn at the european close. scarlet: mario draghi -- mark: mario draghi my need to -- -- we spoke to someone about the impact of the issue. >> [indiscernible] this new application of the euro, we have and we need to economy.ronger and that is the form we want to introduce, we can have the presence to make the economy stronger to face difficulties like the new euro or difficulties on the -- markets. we need this so we can face such problems. scarlet: we are -- the: we are joined by effects and rate strategist from blair linn. is it time for -- berlin. is it time for dimension for draghi? >> i think it depends on who you ask. we have heard from business groups and friends saying yes, the euros getting to levels now that is becoming problematic. we have other business groups in germany that are saying it is not such a big deal at these levels. with the ecb, they set this up and i'm not sure the level at health -- itself is a big concern

that is a quote. ♪ live from london and new york, i mark barton.his is the european close on "bloomberg markets." our stock of the hour is higher today by 13% after the company posted better-than-expected second quarter earnings. still, most analysts remain cautious on the stock and are citing concerns about longer returns. taylor riggs is here with me now to explain. big move today. taylor: we talked about 15%. earlier this morning, the 12% to 14% range. quite a move. you talked about concerns about the long-term revenue growth. that is something analysts were highlighting this morning.unclear about the achieving that sustainable revenue growt. if you come into my terminal that decliningee year-over-year revenue growt. $350 million in the second quarter. there was some good news though. revenue guidance from management for the rest of 2017 coming in better than expected. management really confident in second-half sales for a planned smartphone watch. vonnie: i guess it is trading in the five dollar range so it is not like a 15% move is all that mu

traveling outbound on the clara barton parkway near the glenn echo turn overturned. watch out for that. from the traffic center, i'm rob stallworth. back to you. >> rob, thank you. >>> a deadly crash streamed live online. you've seen the video of a teen's drunken drive. now for the first time we're hearing from her. what she has to say for herself. that's still ahead. >>> construction celebration. it's not usually something we're happy about. >> unless there's a panda there. >> of course. coming up, we'll explain why a road project is reason to party. >>> coming up on ellen today, visits from johnny depp and a member of one direction. you can see the interview right here on nbc4. ellen starts at 3:00 and the ford summer sales event is in full swing. it's gonna work, i promise you, we can figure this out. babe... little help. -hold on, mom. no, wifi. wifi. it's not a question, it's a thing. take on summer right with ford, america's best-selling brand. now with summer's hottest offer. get zero percent for seventy-two months<