this is bloomberg. ♪ >> this is bloomberg surveillance.gher tariffs. the automaker is raising the price of sport utility vehicles in china by up to 7%. they are built in the bmw factory in south carolina. expect some conductors can -- conductors to go to deal hunting. the billion dollar build -- bid. politics.mes >> there was nothing about regulations or issues that cannot be resolved. it has to be political or some other reason. it is not about the transaction itself. >> that is the bloomberg business flash. tom: all sorts of good things to talk about on charts. here is the yield. the yield on the bond. you have inflation underneath it. they both move at the same time. let's go to a chart with peter chatwell. this is the japanese 10 year. we have shifted from deflation. now to some substantial inflation. it is amazing to me the long-term trend. a good return here with huge deflation and now a little bit of inflation. we have ourselves a negative real yield. it is on the edge of the united states. >> it is a very good point. this highlight

this is bloomberg. ♪ this is bloomberg. ♪ >> let's get the bloomberg business flash.vices. uber is seeking a majority stake. supermarket and restaurant chains in the u.s. are suing poultry producers. tighten food and pilgrim's pride are among those named. say the companies conspired to limit supplies of chicken and inflate prices. arguing. lawmakers are the t-mobile purchase of sprint poses a threat to national security. they want regulators to scrutinize the deal. that is the bloomberg business flash. francine: thank you, sebastian. the dubious distinction of loan ratioworst among countries. joining us now is james crabtree, professor at the school of public policy in singapore. onnk you for joining us bloomberg surveillance on the fourth of july. india has advantages and disadvantages. what are its disadvantages? >> corporate debt is a big problem. they have the twin balance sheet problem. many tycoons spent a lot of money and brought from the public sector banks, leaving the banks with $150 billion in bad loans, so some of the balance sheets of the largest companie

this is bloomberg. ♪ anna: good morning. this is "bloomberg daybreak: europe."ver singapore, 1:18 in the afternoon, heading towards the weekend. msci asia-pacific up 0.2%. that is a bit of a turnaround. pretty flat at the top of the hour. fascinating stories with regards to currency markets in particular. let's get a bloomberg business flash for you. juliette saly is in sydney. juliette: thank you. microsoft earnings report and forecast, it provided further evidence that the company can increase cloud sales and squeeze more profit while cutting into amazon's massive lead. profit and revenue to the end of last month exceeded analyst estimates, as did projections for cloud sales in the current quarter. china's struggling hna group have slumped. airlines is flying toward its lowest close in three years. group's extended declines after they resumed trading this week. three hna units remain halted. recover $3.5cts to billion of funds potentially lost through 1mdb. in an exclusive interview with bloomberg, the finance minister discussed efforts to find the estimated $

this is bloomberg. ♪ s bloomberg. ♪ the hour.nutes past this is "bloomberg daybreak: americas."ers on the move following a report the european union is considering talks on tariffs, cutting deals between the world's take car exporters. -- big car exporters. oliver?d this work, cap would eu globally coordination tariffs when it comes to the auto sector? >> it is a complicated question. the automakers have told us very little on this. you would need a coordinated thatt across industries basically work globally. a lot of these automakers reduce in the u.s., are based in europe, and they would have to get together all the parts of their business and get the european lawmakers together. machine and you would need all the parts together to work. we have very little idea of how that would go. the question is how will that happen. absolutely. guy: it is unlikely to happen given the complexity. that is the utopian dream we would have, all these tariffs being coordinated. how worried are these automakers that they think they will be targeted by the trump administration? >> they are super

bloomberg. fireworks coming up. in the meantime you have fireworks this afternoon for england. julia: we hope. do you know it's 20 years since england last faced columbia in the world cup. i like that kind of precedent. david: it has been 10 years since you have been this far in the world cup. julia: it feels like longer. we always think we can wait. i'm not quite sure what that means. shall we have a look at some market -- a bit of stabilization. games for european shares. tech shares, energy stocks taking the lead. higher indicating so far out into the games a similar amount to what we saw yesterday. a touch higher for euro-dollar here. coeda merkel pulling her -- coalition together as per the. that very much ties to a brief out moment. support intervening to overnight. that it was going to be used as a weapon in the trade spat with the united states. we will talk about that in more detail. crude oil approaching $75 a barrel. they are going to increase supply by a million barrels. the 2 millio

this is bloomberg. ♪ is bloomberg. ♪ anna: this is "bloomberg surveillance." boeing on the verge of a deal with embraer. are in the final stages of negotiations. there are reports a joint venture controlled by boeing would absorb a line of regional planes. goldman sachs says forget about a trade war. now is the time to buy commodities. the economic impact from sanctions is small and they are forecasting a 10% return on commodities over the next year. that theey warns prospect of a trade war between the u.s. and china has already economy. global he spoke today in newcastle, england. >> the tariffs that have been announced thus far will double the average bilateral turf rates, and could raise u.s. tariffs at the heart of this issue. it is something not seen in over half a century. there were tentative signs this trading environment may be dampening activity. >> that is your bloomberg business flash. tom: thank you so much. it is my book of the summer. with huge success, robert kaplan's "the return of marco polo's world." , throw tell you enough this on your kind

this is bloomberg. ♪ >> this is "bloomberg surveillance." let's get the bloomberg business flash.to a british diver. tweeted the man was a pedophile. those whos one of rescued the boy's from a flooded cave in thailand. he criticized musk and the miniature submarine he built and help in the rescue. texas instruments is out. the former ceo rich templeton will resume the role on a permanent basis. became famous for high-energy performances while ceo of microsoft. he is this week's guest on the david rubenstein show. >> i yell and scream. i become more moderate. i preserved my vocal cords. it can be a problem. it can be an issue. >> you can watch the entire interview at 9:00 p.m. new york time here on bloomberg tv. that is your bloomberg business flash. tom: thanks so much. economics and international relations, the market can give us indicators. not the equity markets, but looking it fixed income. our guest joins us right now. you and i know in every case that fixed income signals bad things to come first. is it signaling the gloom that is so pervasive now? is it signaling recession,

this is bloomberg. lots more ahead on bloomberg markets.e have exclusive interview with one of the hottest short-sellers in the world, toys about his new target, gds holdings. the bp ceohear from on what he says the oil market will be firmer for the rest of the year. and we will get insight on military policy from ethan harris, the head of global economics research at bank of america merrill lynch. this is bloomberg. caroline: from european headquarters in london, i'm caroline hyde. vonnie: in new york i am vonnie , quinn. gds holdings is the operator of data centers in china and shares skyrocketed last year and today the stock is sliding down 17% after a new call from a short seller, blue orca. we reached out for comment from gds holdings. in the meantime, we will send it over to julie hyman who has the short seller. >> i am here with soren aandahl, joining us from austin, texas, where he is based. great to get time with you to go through your thesis on gds. it is based in china, trades in the u.s. i know you have different bullet points h

this is bloomberg. ♪ ♪ >> this is bloomberg markets.vonnie quinn. >> in toronto, i'm amanda lang. vonnie: the unemployment rate bumped up as more than 600,000 people joined the workforce. dwyer. us is bricklin is that the increase in participation or the leeway for the fed and its outlook on the u.s. economy? really interesting reports because without another month of really strong job growth. that is really good news. the uptick in the unemployment rate was really interesting because a whole bunch of women aged 34 to 45 years old that three joined -- that rejoined the labor force, but it is fed confidence to move forward. amanda: one of the things that remain fascinating is the -- despite the fact that that the fed is so tight -- what is going on there? bricklin: that is really frustrating for a lot of us forecasting it. it's quite difficult to try to parse out exactly is happening -- we are seeing the increase in participation in some key age groups and the demographics, but we are not seeing pickup in wages. there are a thousand diff

this is bloomberg. ♪ ♪ from bloomberg headquarters, i am mark barton.ng up this independence day, no holiday here, but a holiday in the u.s. that is affecting volumes. technology is down by 1.3% led by chip makers. said chips were temporarily banned. right nowy are under because of their relationship with the auto sector. the tech guage has fallen the roughly 8% after closing at that 17 year high on june 14. today, we had some data out of the u.k. today, the dominant services sector, roughly two thirds of 1%. it grew at the fasting -- fastest pace in june. to 55.1climbing percent. pmi surveys on manufacturing and construction, it has increased or at least consolidated the bet the boe will hike in august. it is roughly around 55%. these are the last pmi meetings before the central bank meeting in august. among the u.k. supermarkets, comparable retail sales are rising through june 30, matching estimates but marking the slowest growth since in company acquired argos 2016 reflecting a price reductions in areas like fresh meat, fruit, vegetable. it has been

this is "bloomberg surveillance turco -- this is bloomberg -- this is "bloomberg surveillance."cqua is in a beach in london. i know 98.6 degrees. that i believe is hot. we are well into the 30 degrees celsius. i am surviving without a fan at home. that is hard-core i think you will agree. tom: thunderstorms scheduled for the united kingdom to maybe give them a break and a lot of global heat worldwide including japan. it is not facebook today, we're not doing facebook today. let's go to taylor riggs. taylor: the first 10 to outcome from last month's summit with president trump and kim jong-un. north korea has released the remains of some of the americans killed in the korean war. that comes on the 60's bit anniversary of the armistice that ended the fighting. president trump is enthusiastic about the latest data on the economy coming out today. the president spoke at a steel mill in illinois yesterday. numbers will be announced tomorrow sometime. i do not know what they are but i think they will be terrific. we took over and it was heading lower, a lot lower and it was going to b

bloomberg.ejra: shares of biogenic popping after the biotech alzheimer's drug shows positive results. more on that next. this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. nejra: from london, i am nejra cehic. this is "bloomberg markets." it's time now for the bloomberg business flash, a look at some of the biggest business stories in the news right now. shares of biogen are searching today. an alzheimer drug shows positive results in a clinical trial. patients who took the drug showed significant slowing of disease progression in the brain. and the report says that amazon charges up to 22% less first over-the-counter medicines than walgreens or cvs. the analysis looks at amazon's basic care brands and similar private label products. jeffries expects that walgreens and cvs will face pressure on comparable sales and gross margins. shares of deutsche bank have pared earlier gains. jpmorgan is denying a german magazine report saying it is considering taking a stake in the bank. say

scarlet: this is bloomberg. ♪ scarlet: this is this is bloomberg. ." ." is "bloomberg best i am scarlet fu. we head to asia. >> trading debut, not the best at opening day. investors questioning the valuation of the company and if it can involve itself into a software services company. >> we have reversed losses, but not trading above the ipo price. >> we are expecting a weaker open and the pessimism that was surrounding this and also the investor concerns that this is a company that has a lower margin handset maker now. it is kind of selling a dream and facing the reality today. >> they are in use a she's. -- species. we can do hardware and internet well. 's debut was a day to forget. falling in hong kong as an escalating trade war and uncertainty about valuation damaged the biggest offering in two years. this isn't great timing for the markets if you look at china and hong kong, both markets are down and there are a lot of jitters about the trade war. >> investors changed their mind about xiaomi a day after its debut cared shares rose by double digits. a

this is bloomberg. ♪ this is bloomberg. ♪ ramy: welcome back. this is "bloomberg daybreak: asia."ncio in new york. yvonne: i am yvonne man in hong kong. isning us now from singapore divya devesh, standard chartered is asia fx strategist. viewers here,ur what we have been seeing in dollar-yen, we are quite confused by the weakness we have seen given the fact that much until april of this year, the trading with u.s. yields and the interest rate differential, now we are seeing a decoupling here. what do you think is contributing to that? a couple ofnk factors which are driving the recent weakness in yen come up one is, i mean, it seems like we are in a little bit of a risk, especially here in asia and more but u.s.cross e.m., equities are still holding up quite well. i think the correlation with broader risk sentiment, equity performance, dollar strengthens seems to be quite strong. that is keeping the dollar-yen supported. yen weaker in recent weeks, both on the bonsai . it is very important, because they tend to be fx and hedge, and that is driving yen weakness. look at the number

this is bloomberg. ♪ vonnie: this is "bloomberg markets." shares are rallying today. electric carmaker delivering a record number of vehicles. our senior automotive analyst joins us. kevin, is this sustainable? kevin: eventually it will be. i think the company does a good job of managing to the headline and they said that self-imposed goal of 5000 units. i don't think they are at 5000 per week, they were at 5000 for the week exiting the second quarter. they will get there eventually. i don't think they are there just yet. mark: talk to me about this third assembly-line which was used in achieving the goal. our more outdoor assembly systems going to be needed? if they continue on the growth trajectory, they will need another factory. i think this illustrates how the factory is packed to the gills and as they talk about model y and a semi truck and a roadster 2.0, there is not a capacity to build that. why you would -- while you would not like to see them building in the parking lot for much longer, they will need capital to erect a new facility. vonnie: what's the prob

this is bloomberg. ♪ taylor: this is bloomberg surveillance. the bloomberg business flash. still waiting for new leadership to revive the brand as a trails rival luxury makers in the chinese market. as investors were disappointed in the latest quarterly sales. the ceo has been on the job for a year. he will show his first collection in september. jetblue is making a big bet on new planes. the discount carrier is ordering 60 of airbus is a 220 jets. jetblue is expected to get a discount. plane was formerly known as the c series. bank is trying to win more business with wall street's biggest dealmaker. bloomberg has learned that the ceo and other senior managers have been meeting with managers of large american private equity firms. deutsche bank wants to be one of the top five in u.s. leveraged lending. that is your bloomberg business flash. francine: thank you. in theresa may's conservative party are considering a radical attempt to halt the prime minister's plans for a softer brexit. thats have told bloomberg lawmakers who back a decisive spli

this is bloomberg markets on bloomberg television. to futures in focus, oil futures dipping ahead of the u.s. inventory data out and couple of minutes. dan,e at the cme joined by how are we positioned ahead of the inventory data? traders talking about what is going on as we rolled toward the eia number, a key number, particularly coming up of last week's much larger than expected drop. of 5 expected up a drop million barrels and they are waiting for the number to come out in less than 10 minutes. mark: talk about saudi arabia. seemingly, it is cutting prices rays andch of its lifting production. it seems to be listening to president trump. dan: it is interesting they came out with that announcement after the tweet from yesterday. we are seeing a reduction in like oil to export to asia, europe, the united states. we did see oil come up the highs after that announcement and it did dip down. we saw it dipped down to the 73 handle. most are currently on this eia number because her now, the trends and supply right now are reducing that sup

this is bloomberg. ♪ this is bloomberg markets.ntel rounding out this week's tech earnings bonanza. more than 89 percent today. we spoke with the interim ceo who defended the numbers. >> the real growth we are seeing is widespread. the commercial side. less on the consumer side more on the commercial side area we are seeing it across all regions of the world. for more on this week's -- ers and losers in tech today, we alsog had others in facebook and twitter. >> some of the other names you have a mixed week this week for earnings. we have winners and losers. today the market is trying to digest twitter to see of the company has a long-term place in the digital advertising ecosystem. the stock had been up and they were trying to reposition themselves as a viable player in the digital space. they petered out a little bit this quarter. the guidance they gave for user growth was disappointing. the run-up in the stock is such that even with a decline today, it is still up year-over-year. number ofook at the users, growth has leveled off

this is bloomberg. ♪ ial.is bloomberg. ♪ ♪ paul: let us take a look at the futures in the u.s., they did move after we had the announcement from president trump a short while ago, that a new list of $200 billion of tariffs on china goods will be announced this week. .7 5%, nasdaq futures are also just hanging on their in the green territory. i am paul allen in sydney. ramy: and i am remy innocence you in new york, you are watching "daybreak australia." in new york,ncio you are watching "daybreak australia." in ameriprise financial global market .trategist anthony a couple of hours ago as i was talking to paul, the markets worked fine, they were up four focus isfour, but the turned back to trade tensions -- $200 billion. a lot of folks were hoping that this would not happen. anthony: yes, markets have been dealing with trade tensions for the last couple of months, and it seems that the escalation had calmed down, which made markets move higher. the announcement of this evening , at a think it really changes the

this is bloomberg. ♪ francine: this is "bloomberg surveillance."ondon and new york. we talked a lot about deutsche bank. we are very lucky to of spoke to david haro on the back of that news. deutsche bank paring some of the gains after jpmorgan denied any interest in the lender. just to recap everything for our viewers and listeners, shares in deutsche bank spiked even above 10 euros following that report which suggested the lender's market value decline had drawn interest from competitors, including jpmorgan and ic bc. they were interested in getting a piece of the pie by buying stakes, something jpmorgan has now denied. for more on this, let's get our finance reporter from zurich. first of all, does it make sense? would have theoretically made sense for jpmorgan or someone else to buy a stake in deutsche bank? >> i think one thing to start with is that banks usually don't buy stakes and other lenders. i think the rationale -- you can make the point for it. look at deutsche bank's share price. as long as it's that low and the bad news keeps coming

this is bloomberg. ♪ this is bloomberg. ♪ lisa: this is bloomberg markets. i'm lisa abramowicz.d i'm julie hyman. president trump treads on the fed again. act andter in chief again, saying how a stronger dollar and rising interest rates are undermining america's competitive edge. the 10 year yield higher today after barely budging yesterday, so who will markets ultimately side with? trump or powell? we turn to brian chappatta oh. aboutjust not tweeting the fed, but currency manipulation on the part of the eu and china. that also took a toll, also talking about more tariffs, that is taking a toll. brian: i do not know how the eu is manipulating its currency. i guess he is talking about the ecb going really slow and not moving at the pace of the fed, ultimately. obviously this is sort of -- we --e not seen us kind of talk this kind of talk in a long time from a president on the fed. it is interesting, but it seems right now that the bond market is weighing we will side with jerome powell. julie: wait, when you say side with, this will not interrupt anything with fed rate hike, the

as is bloomberg. -- this is bloomberg.difficulties after a technical glitch wiped out $350 billion in market caps faangs fangs -- find -- phone a friend. they will be focused on revenue, iphone sales, and services growth. joining us from san francisco is mark gurman. what will the narrative be out of today's earnings? will it be diversification to a media company for apple? all those things. we are expecting two things that are on either side of the coin. have come iphone revenues because of a higher price of the iphone x are likely 15% top year-over-year 20%, which is perhaps excellent growth in the eyes of investors and analysts. growth the sales ship during the quarter, we are not expecting that growth to be more than 2%. it could be anywhere from the zeros as a starting number 2%. not a lot of growth there. services on the other hand, 30%e talking about 25 to year-over-year revenue growth. services don't count you units because there's nothing tangible , toalculate read services your point about apple the coming of the

this is bloomberg. ♪ vonnie: live from bloomberg in new york, i'm vonnie quinn.ine: live from bloomberg in london, i'm caroline hyde. this is bloomberg markets. we are looking at the equity selloff. erik schatzker joins us with a former ceo of deutsche bank securities. >> that would be richard burner. arts also a martial master. i'd better be careful here. good morning to. it's a pleasure. you have $.5 billion under management split 50-50 between public and private. there's not much in the credit market that you don't see. market at or reaching the point where you call it overheated? >> that's a really good question. think about the positives for a second of why you want to invest in credit. there is no yield anywhere out there. even of the public market, you are getting in the sixes. the economy is good. portfolio companies are showing growth. micro, we think about her own business, you can look top-down or bottom-up. we have countries in every jurisdiction, things are relatively good. rates are low. interest expenses are robust. they have the ability to work th

this is bloomberg. taylor: this is bloomberg markets.l doolittle. >> joining me now, the head of derivative products, happy monday to you. you wrote a research report that caught my eye. u.s. equity market is in the midst of a volatility of debt that may or may not intensify into a full-blown shock. pretty intense language. --a few weeks ago there were there was a handle on it. when it lifted up that is what we define as a volatility event. will it break higher or back down, one thing to take note of is term structure, something that has happened, once you get the spread between six month and spot to be even, just about to invert the curve, the market has retire the volatility has faded, with the vix going lower, that is the by the dip scenario of recent years. showingi see this is that. what does a full-blown shock mean? it would be 25 on the vix but a true shock would be nifty. whiche another chart basically shows these converging areas of activity. one, thise the last , from as bigger technical standpoint it does suggest it could go b

radio,up, on bloomberg bloomberg daybreak -- from london, this is bloomberg. ♪ francine: this is "bloombergm london this week. is joining usly as we follow the president of the u.s. to helsinki on monday. risks of thee global trade war. thepoke exclusively to official on the sidelines. >> what is important to us is global confidence. we start with skirmishes and with nato.shes a full-fledged war would be bad for business confidence. the backdrop is a very strong europe. a strong eurozone. meaning that so far what we have seen has the potential to derail the recovery. can the ecb sit back and watch this trade war happening? we never sit back and watch. we have to understand what is going on. we do believe it is strong enough to withstand the shock. caroline: do you already see companies holding back investments? guest: that may happen. we are not complacent on the possible risks. a full-fledged trade war would be extremely bad for the world economy. victim would be u.s. jobs, you was workers, and we very much hope this does not happen. could derailt these plans? guest: that is clearly our an

this is bloomberg. ♪ his is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn.is "bloomberg markets." it is time for futures in focus. climbing as concerns over supply disruptions continue. let's talk about this oil move because we have brent and wti on the rise. >> what is interesting is the they are starting to narrow that spread. the demand has been strong for crude oil recently. inventories have dropped up quite a bit despite rising production out of the u.s. and saudi arabia. are rising,they prices are rising and demand is picking up. i expect crude oil prices to move up to about $73, with even more receptions on inventory and a possible conflict escalates with iran. tengion seven building recently. we could see them move up to $80 by year-end. on from one to another, copper coming off its lows. we have about six cents of a percent. >> copper has been weakening quite a bit especially of china. the economy seems to be tightening up. is threat of a brazilian strike and what that might do is it might be the catalyst to start to push copper prices up. continuin

this is bloomberg. ♪ mrs. bloomberg markets: balance of power.avid westin. -- this is bloomberg markets: balance of power. i'm david westin. shery: i'm shery mrs. bloomberg: balance of power. ahn. a little bit more optimism over trade tensions. indeednd the u.s. are talking behind the scenes. the s&p 500 every sector in the green but financials. treasury yields are down today. the nasdaq is gaining 1%. large-cap companies sing a small recovery. mark: a new york times report says facebook is preparing to announce that it has identified the court noted influence campaign. the social medialarge-cap giants targeting dozens of inauthentic believed to pages be engaging in political activity ahead of november's midterms. the company has been working with the fbi to investigate the activity. the department of homeland security is creating a new center aimed at regarding energy companies, banks and other industries against cyberattacks. the national risk management center will be a collaborative effort tween private businesses and the government on how to

this is bloomberg. ♪ shery ahn: this is bloomberg..ding northwest, tech titans, media moguls, and investors from across the globe have all gathered in sun valley, idaho. it is on the ground. -- ed is on the ground. >> you made a name for yourself but i want to go to china first. alibabaa big holder in appeared a lot of exposure. how worried are you about what is going on with this developing trade war with the u.s.? >> to be honest, though in terms of the economy and in terms of one's personal views, we are very concerned. are any deep there ironies here from the point of view of the company here. is probably regarding semi-inevitable with a crash between american giant and the chinese got -- chinese giant. what this is like is to carve up the world in portions, meaning that that has frozen the situation. i do not really see how this removes domestic -- the chinese bears, the asian ones, which you know is really just about at the moment. >> staying in china for a second, you have seen tesla come out to make a big announcement, the seco

ck this is bloomberg. bloomberg. ♪ francine: this is bloomberg surveillance.he business flash. tesla just became a real car company. seeded a exceed long-fought production target. building more than 5,000 the last week of the second quarter, musk hoped to of h the goal by the end last year >>> activist investor dan is on a goods pressure company. divesting its stake in l'oreal taking a lock at the government sector. response from nestle. $3.5 billion stake in nestle. chains tesco will increase leverage with the branded goods g privatates. francine: thank you so much kaillie. the fate of german chancellor merkel's coalition is due to be decided as the dispute an end game. separate meetings of merkel's brokeand the sister party up after midnight with no public off.lution to the send >> translation: everyone knows it's serious. democratic and social union to work together ecause we were a success story for germany, we are strong and people have expectations from i it is in this spirit that will hold discussions today. for me, it is important. unilateral. not coor

this is bloomberg. ♪ >> this is bloomberg markets. it is time for the bloomberg business flash.he biggest business stories in the news today. uber is under a probe for genders discrimination. gender discrimination. it is one of a half-dozen investigations into the company that have emerged over the last year or so. bank of america reporting stronger-than-expected earnings. loans in the second quarter climbed to 6.5% compared to a year ago. the federal reserve reported total household debt in the u.s. hit a record. alibaba on the hunt for $2 billion in funding to help nav a bigger share of online food delivery. the meal delivery platform and rival are in -- incurring heavy losses. the market is strategically important for alibaba and tencent. that is your business flash updates. up, prime day countdown. this is bloomberg. ♪ 2, down. back up. our phones are more than just phones. they're pocket-sized personal trainers. [ upbeat music playing ] last-minute gift finders. [ phone chimes ] [ car horn honks ] [ navigation voice ] destination ahead. and discoverers of new places. it's t

i'm mark crumpton this is bloomberg. live from bloomberg headquarters . welcome to bloomberg markets. we are joined by bloomberg and bn and audiences. right now, president trump criticizing the fed taking aim at the central bank interest rate increases. raking with more than two right now, presidentdecades of e tradition. car tariffs caught and political traffic jam. globalociation with automakers on the commerce department hearing. flag towaves the white take over fox's entertainment assets. now what? >> let's get a quick check of the major averages because we are seeing the impact of president trump's comments just now. the dow is falling at about half a percent. we have seen stocks falling given disappointing earnings after but we saw a seesaw president trump's remarks and the s&p 500 down pretense of 1%. of the bignergy some losers. the treasury yields continue to fall back after the president's remarks. take a look at what the dollar has done because the bloomberg dollar index has been von for the past two sessions. all of that is gone after the pres

this is bloomberg. ♪ this is bloomberg. ♪ ♪ paul: breaking.ing the bloomberg right now to we have rio tinto production numbers for the second quarter coming up. shipments coming higher than expected. 88.5 million tons. the estimate was 80.4 million. a slight be to. as for outlook, rio seeing shipments in 2018 to be coming in at the upper end of the range. no shortage of that. this comes a day after valley announced record shipments. maybe we see pressure on the price. bite.x suffering a nasty this is bloomberg. ♪ ♪ 8:30 a.m. on another beautiful blue crisp winter's day. 12 degrees in sydney. markets opening and 90 minutes time. features off 2/10 of 1%. i'm paul allen in sydney. ramy: i'm ramy inocencio in new york where it is 6:30 p.m. and you are watching "bloomberg daybreak." let's get to first word news. several top republicans have criticized president trump's comments after his meeting with vladmir putin. must ben said russia held accountable for like -- four election meddling. john mccain called the summit a tragic mistake. trump questio

this is bloomberg. ♪ this is bloomberg. ♪ phones have made our lives effortless.t see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. ♪ haidi: it is half past eight here in sydney, ranks up and just about 90 minutes ago for the friday session. features looking a bit negative, but it is a beautiful 16 degrees here in sydney. strong.di ramy: let us get the first word news with jenna. >> president trump has attacked the fred's rate policy, breaking with the tradition of avoiding comments on monetary policy. the dollar weakened, after he said that he is not happy about the fed slowing rates. the fed has raised interest rates

this is bloomberg. mark: thanks a lot. president trump and prime minister may just speaking at that news conference at the checkers country house in the the heelss coming on of an interview between the president and a british tabloid in which he criticized the prime minister saying she wrecked brexit. trump dismissed the claims, calling them fake news. down, andeak it all the report. we know what "the sun newspaper -- "the sun" newspaper said. anne marie: a lot of people were questioning this idea of the special relationship between the united states and united kingdom. he has said multiple times, the highest level of special, that is how he views their relationship. not included comments about may that were glowing. and withhe is terrific brexit you can do what you want as long as we have trade. that is what may wanted to hear. he saw the pound spike a bit after that. mark: where are we on president trump and his relationship with the u.k., the highest form of special? this interview was explosive, was

this is bloomberg. ♪ s bloomberg. ♪ taylor: this is "bloomberg surveillance." i am taylor riggs. sharply in premarket trade as it went up fewer subscribers than expected last quarter. their outlook for the current quarter reflects a showdown. a online tvlargest network expects at your customers-- fewer than a year ago. despite technical glitches, reports were that customers fewd 54% more tha in the first hours than a year ago on amazon prime day. some shoppers reported being unable to check out or search for products. airbus and boeing keep racking up the sales. the airbus had signed a deal for 100 jets. has sold 29 boeing 777 freighters to a russian cargo line. nejra: thank you so much. fed chairman jerome powell delivers his semiannual monetary policy report to congress today. the 10-year treasury yields going nowhere. the bloomberg dollar index going sideways. still with us is marvin barth of barclays. the 10-year treasury yield has been in a 14 basis point range in the last month. can run house anything to move the needle? marvin: he certainly could. i doubt he will. the key

this is the "best of bloomberg technology." coming up, $120 billion wiped off facebook's market cap in the blink of an eye after earnings disappoint. what has investors nervous, ahead. plus, how the rest of tech faired. we will dig into amazon and alphabet as well. president trump's fight with china chills a merger. and what to expect from tech m&a ahead. the facebook market cap wiped out this week was the biggest in u.s. history. about $120 billion was wiped off of facebook's valuation, about two thirds the size of 1929's black tuesday market loss. larger than texas instruments, broadcom, and salesforce. this all followed facebook earnings disappointment wednesday when, for the first time since 2015, the tech giant missed analyst estimates on revenue. facebook also missed on monthly and daily active users. daily active users stayed the same in the u.s. and declined in europe to 279 million. we -- we spoke with david melissa parrish, right after the results were announced. >> facebook has missed for the first time in quite some

tune into bloomberg radio. this is bloomberg. ♪ >> good morning. welcome to bloomberg markets.on. i am guy johnson. matt miller in berlin. matt: futures point to a negative open in europe. the cash trade is less than 30 minutes away. ♪ guy: the boj back in the market here in kuroda makes it clea

this is bloomberg. ♪ >> let's get you to the bloomberg business flash.tte: amazon has moved past a difficult start to its annual prime day sale. spending jumped 89% in the first on the website and app for amazon compared with the same time last year. it added four countries. the start of the promotion was plagued by technical glitches, which shoppers complained about on social media. learn whether it faces a record fine over its android operating system. the european commission has mobile the tech giant's device strategy unfairly strengthened its dominance in the search engine market. the regulator can find up to $11 billion, more than 10% of its annual -- up to 10% of its annual revenue. we will bring you our interview with the european competition commissioner later on teh show. -- the show. jane munster has written an open letter to musk, saying his conduct over the last six months has been concerning. this is on top of his unhelpful perception of his leadership as "short-tempered." >> the line was crossed with the tweet earlier this week. where it is

this is bloomberg. live, from new york, i'm vonnie quinn. mark: and live from the city of london, i'm mark barton. president trump arriving in london earlier today for a visit to the united kingdom. it's his first official visit as president and he is set to have with prime minister theresa may and business leaders tonight at a 300-year-old mansion where winston churchill was born. meanwhile in london, protesters are pulling out all the stops, including flying a giant trump baby the loon in parliament square. we are joined now live outside the u.s. ambassador's residents. give us the sense of occasion. what's the atmosphere like? >> hey, mark. president donald trump probably did not expect this type of reception to the u.k., a country that he described as being in turmoil just two days ago. to give you a sense of what's going on here, it's a massive security operation. we have helicopters just tracking movement on the ground. keep in mind, we are going to have a protest here in a little bit under an hou

this is bloomberg. ♪ >> this is bloomberg surveillance. let's get to bloomberg business flash.ight with disney over buying the 21st century fox entertainment asset. the company has considered a possible partnership with equity firms to compete with disney's $71 billion offer. comcast ceo brian roberts could be open to buying just some of the assets. lyft is joining the bike rental business. thes buying motivate, operator of city bike in new york and other bike rental programs in major u.s. cities. discussingthey were a price tag of $250 million. bought an electric bike start up in april. kids across the u.s. aren't the only ones feeling the absence of toys "r" us. so our retail landlords. the amount of occupied retail real estate in 77 large cities fell in the second quarter by the most since 2009. toys "r"tor, shattered us stores. the company is now in bankruptcy. that's your bloomberg business flash. tom: with us is robert profusek of jones day. in boston is megan greene. let's go to her for a backdrop on these transactions. so much of what happens in mr. profusek's world is

this is bloomberg. ♪ s bloomberg. ♪ shery: this is "bloomberg markets: balance of power."m shery ahn in new york. kevin: i am kevin cirilli in washington. let's get a check of the news with mark crumpton. mark: thank you. president trump is taking to aim at two familiar targets in the u.s., amazon and the washington post. both are controlled by the richest person in the world, jeff bezos. the president says the post is nothing more than an expensive lobbyist for amazon. he says many people believe amazon should face antitrust charges. shares of amazon are following today. a judge in alexandria, virginia, is considering postponing the trial of paul manafort. the judge says it is too late to review evidence produced by the government. manafort is charged with failing to disclose offshore accounts and must also defend against charges that he lied to banks to secure $120 million in loans. in toronto, police say a gunman walked along the street sunday night firing a handgun into restaurants and cafes, shooting 14 people and killing two. the gunman was killed in a shootout with

this is bloomberg. ♪ is bloomberg. ♪ haidi: it is 8:30 in sydney. 90 minutes time, futures looking weaker as we head into the brand-new trading week. after whatdown .3% was essentially a flat finish for wall street. big week ahead, earnings in particular, major tech earnings from the u.s. and financial, industrial, airlines, and rate decisions out as well as in this part of the world, we get gdp and ecb meeting, saying rates will be on hold for some time yet. i am haidi stroud-watts. kathleen: i am kathleen hays in new york. let's get to first word news with haslinda amin. chiefs are20 finance warning trade tensions threatened global growth as the engines of leading economies fall out of sync. finance ministers wrapped up their summit in buenos aires, saying rates have increased but they say global growth remains robust in many emerging market economies, which are better prepared. they did not mention trade tensions. one of japan's most senior policymakers says the government will continue to resist american efforts to negotiate a bilateral free tra

this is bloomberg. ♪ taylor: this is bloomberg surveillance.erg business flash. france's computer company has agreed to buy sentelle for about $3.4 billion in cash. that would give them access to large u.s. customers such as american express and state street. singtel is based in michigan. tesla is asking suppliers for refunds so i can turn a profit. electric car company asked the supplier to return what it called a meaningful amount of money from payments dating back to 2016. they confirmed that it is seeking price reduction. labor problems are starting to have an impact on ryanair dickey bottom line. the airline posted a 20% drop in quarterly profit. they warned sporadic walkouts by trade unions and regional air traffic strikes are making customers reluctant to book flights. we spoke with ryanair's cfo. ,> we will be marginally ahead seeing lower fares over the last couple of weeks, particularly in light of the strong whether we have had in the u k and northern europe, the world cup which is now over and uncertainty around strike action. we ar

bloomberg television.ome your favorites. here is another function that you will find useful. it leads you to quick takes where you can get important contexts and insights. here is a quick take from this week. >> sugar has always been me --at of a front of frenemie, but only in small doses, and with obesity on the rise, the bad image has grown much worse with added sugar blamed as a culprit. public health experts like tell distinguish between natural and added sugars. pound for pound, all sugar, whether glucose, fructose, a combination of the two is caloric late equal. aloricly equal. limited sugars found in an apple come with nutrients and dietary fiber. fiber is filling and lowers the likelihood of overeating and helps pace liver function and avoid spikes in blood sugar. the world health organization recommends the average person eat at the very most 12 teaspoons of added sugar per day. you can find that amount in 15 ounces of coca-cola. how have advocates tried to help people cut back? governments in 30

you can watch it online go on the bloomberg. this is bloomberg. ♪ i'm all about my bed.ss is dangerously comfortable. when i get in, i literally say ahh. introducing the leesa mattress. a better place to sleep. this bed hugs my body. i'm now a morning person. the leesa mattress is designed to provide strong support, relieve pressure and optimize air flow to keep you cool. hello bed of my dreams. order online we'll build it, box it and ship it to your door for you to enjoy. sleep on it for up to one hundred nights and love it! or you'll get a full refund. returns are free and easy. i love my leesa. today is gonna be great. read our reviews then try the leesa mattress in your own home. experience the leesa difference before you buy at any west elm. order now and get $150 off, and free shipping, too. go to buyleesa.com today. you need this bed. >> it is 7:00 a.m. in hong kong. we are live from bloomberg's asian headquarters. i have yvonne man. is pacific markets set to follow wall street higher after tech led the advance and after rising more than 1%, the dollar fell. looki

this is bloomberg. ♪ s is bloomberg. ♪ ♪ david: this is "bloomberg markets: balance of power."hery: i'm shery ahn. president trump has had no shortage of tough words for key u.s. allies, including pakistan. the trump administration has put the focus of their agenda in the region on a free and open and the pacific while withholding billions of dollars in security assistance to pakistan. where does a relationship stand with the u.s.? for more, we welcome the pakistan ambassador to the u.s., ali jehangir siddiqui, who is joining us from washington. have you had conversations with the white house recently on military aid for pakistan? amb. siddiqui: thank you very much. have not had specific conversations on military aid. but we have had a series of aboutsations corporations. as you may know, pakistan's relationship with the u.s. is 70 years old. we have had a very close relationship. pakistan is a major non-nato ally. in that light, we have a big agenda that we and the u.s. are working on together which is to achieve peace. we have had a series of discussions around that. both cou