bob michele with jpmorgan, thank you so much for hosting us. bob: thank you. bob michele from jpmorgan, thanks to him. from new york, that does it for us and we will see you next week. from new york, this was "bloomberg real yield." this is bloomberg tv. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. alix: commodities in crisis. copper leads commodities into correction territory as king dollar claims more victims, gold provides no safety. and alcoa angst -- the company cutting its 2018 profit forecast, the latest victim of president trump's trade battle. room for everyone. woodside petroleum ceo peter coleman talks about china's rising lng demand and how it can absorb the jump in

bob michele with jpmorgan, thank you so much for hosting us. bob: thank you.n: bob michele from jpmorgan, thanks to him. from new york, that does it for us and we will see you next week. from new york, this was "bloomberg real yield." this is bloomberg tv. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. carol: welcome to "bloomberg businessweek." i'm carol massar. jason: and i am jason kelly. carol: coming up in this week's issue, a future with robot taxies. we will introduce you to a pioneering driverless startup. jason: and how best buy is surviving and may be driving in an amazon world. carol: first, we start wit

bob michele with jpmorgan, thank you so much for hosting us. bob: thank you.athan: bob michele from jpmorgan, thanks to him. from new york, that does it for us. we will see you next week. from new york, this was "bloomberg real yield." this is bloomberg tv. ♪ . . alix: commodities in crisis. copper leads commodities into correction territory as king dollar claims more victims, gold provides no safety. alcoa angst -- the company cutting its 2018 profit forecast, the latest victim of president trump's trade battle. room for everyone. woodside petroleum ceo peter coleman talks about china's rising lng demand and how it can absorb a jump in u.s. exports. ♪ alix: i'm alix steel, and welcome to "bloomberg commodities edge." it's 30 minutes focused on the companies, physical assets, and the trading behind the hottest

bob michele, j.p. morgan, thank you very much. bob: thank you.athan: will back before the year out -- year is out. from new york, that does it for nextd we will see you week. from new york, this was "bloomberg real yield." ♪ mark: i'm mark crumpton. european union exit negotiations says a backstop agreement for the irish border is a central in order for a deal to be achieved with the u.k. the issue must be settled and he added there must be an insurance policy to address the issues of ireland and northern ireland, something he discussed. yesterday that bordernot asking for a between us and ireland and the rest of the u.k. becausechecks on good if the u.k. wants to be in the , we cannot afford to lose time on this issue. mark: he says he feels the back backstop imposed is technically workable and can be improved. the white house says it is not considering supporting a call i've vladimir putin for a

bob michele, jp morgan, thank you very much. bob: thank you.athan: we will be back before the year is out. from new york, that does it for us and we will see you next week. from new york, this was "bloomberg real yield." ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> rooms for everyone. china's ceo talks but rival. how it can help them a jump in u.s. exports. >> i'm alix steel. welcome to bloomberg commodities.

bob michele, j.p. morgan, thank you very much. bob: thank you. jonathan: our thanks to bob.rk, that does it for us and we will see you next week. from new york, this was "bloomberg real yield." this is bloomberg tv. ♪ ♪ alix: commodities in crisis. alcoa cutting its product -- 2018 profit forecast, the latest victim in president trump's trade battle. we talk about china's rising lng demands and how it can absorb the junk in u.s. exports. ♪ alix: i'm alix steel. welcome to bloomberg "commodities edge." it is 30 minutes of focused on the company's ph

bob michele -- jonathan: bob michele from jpmorgan, thanks to him.new york, that does it for us and we will see you next week. from new york, this was "bloomberg real yield." this is bloomberg tv. ♪ alix: commodities in crisis. copper leaves commodities into corrections territory. and alcoa cutting its 2018 profit forecast, the latest victim in president trump's trade battle. room for everyone. cpi leader peter coleman talks about china's rising lng demands and how it can absorb the junk in u.s. exports. ♪ alix: i'm alix steel. welcome to "bloomberg commodities ed.

jonathan: bob michele, j.p. morgan, thank you very much. bob: thank you.ur thanks to bob. from new york, that does it for us and we will see you next week. from new york, this was "bloomberg real yield." this is bloomberg tv. ♪ two, down and back up. our phones are more than just phones. they are pocket sized personal trainers... last minute gift finders... siri: destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which could save you hunreds of dollars a year. plus get $150 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. bloomberg daybreak: middle east." turkey's troubles deepen. credit rating, cut farther. lira plunges to new lows. signs of an aid package on the way for arraignment. a bond rally fizzles as investor anxiety returns. year to date drop, is now the time to buy the bon d? ♪ markets began digesting

nejra: ok, james bevan and bob michele, stay with us. have james -- joining us.♪ nejra: this is "bloomberg surveillance" taylor: bloomberg business flash. shares of facebook have taken a billion ing $151 market value at one point after reporting second earning sales and user growth had missed estimates. facebook also warned revenue growth will keep slowing. the company has been hurt by failure to safeguard data, content policies, and changing rules for advertisers. royal dutch shell will start a buyback plan. the announcement came after the dutch energy company posted second-quarter earnings that were a billion dollars less than analyst estimates. they also reported it -- the operating expense rose and trading was lower. we spoke with the ceo. >> i think that this is a sought a result. -- solid result. if you look integrated gas, up, compared to the same quarter last year, our upstream business is up compared to last year, and down, business is 30% linked to a difficult refining environment and a very difficult trading environment. taylor: and in goal america giv

bob. >> hello, michelle what's it worth to say that the rumors that the u.s. and china are in private discussions it's worth about ten points on the s&p, and that has powered us forward just prior to the open take a look at the sectors all the stuff that moves on trade and tariffs doing well semis, industrials consumer discretionary materials. tech, though, also bouncing. mentioning the fang names. these are pretty modest moves for the fang names given the sort of battering some of them have taken in the last five or six sessions let me just show you what they're off from the 52-week highs. facebook and netflix obviously had disappointments in their guidance that was the key alphab alphabet, amazon, and apple, modest declines in the 52-week highs hit a few months ago over all, if you take a look at other sectors, i have been mentioning other tech sectors have had tough times the internet content names, look at the snap and twitter, ebay, they all hit their highs way earlier in the year. they are down significantly. some of the other software names also down 10

michelle. fast forwarding, brett kavanaugh has a full schedule of one on one meetings bob corker and jeff flake. >> the city of charlotte has been selected to host the 2020 n ection the selectll be approved at the sunler meeting in austin. it will held at the spectrum center >> more than 130,000 comic book center and many in costume to kickoff this yr. early today is back in a couple of minutes mitzi: psoriatic arthritis tries to get in my way? watch me. ( ♪ ) mike: i've tried lots of things for my joint pain. now? watch me. ( ♪ ) joni: think i'd give up showing these guys how it's done? please. real people with active psoriatic arthritis are changing the way they fight it. they're moving forward with cosentyx. it's a different kind of targeted biologic. it's proven to help people find less joint pain and clearer skin. don't use if you are allergic to cosentyx. before starting cosentyx you should be checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms of an infection. or if you have received

michelle, for all their incredible work for our community. mr. speaker, i'm proud to recognize a resident of bucks county, pennsylvania, who recently broke his fourth world record. bob of morrisville successfully broke the record for the most standing at-will rollouts while weighing a 40-pound vest. bob, a retired marine, complete this had major accomplishment to raise awareness of mental illness. diagnosed with posttraumatic stress disorder and bipolar disorder, bob turned to sports and physical training to battle mental illness. using his athleticism to garner attention to those who struggle for mental illness, bob hopes to end the stigma with which it's often associated in order to promote treatment for military veterans. i'm proud to call bob my constituent and i'm thankful for his service to our community and for turning challenging experiences into positive and educational engagements. mr. speaker, i rise today to recognize a nonprofit organization in bucks county, pennsylvania, that is working tirelessly to assist those struggling with drug addiction. the catalin murphy foundation, established to honor the life and memory of catalin murphy of doylestown, part

michelle kosinski is there. it was quite a scene, frankly. >> yeah, i mean, this was rough from the start. and you mentioned the republican chairman of the senate foreign relations committee, bob corker. he just laid it all out there from the beginning, starting with this striking criticism of not only president trump, saying that he creates distrust in america and beyond, but also of his entire administration. i mean, corker said that he feels that the trump white house wakes up every morning and just makes up foreign policy, as they go. saying this to the secretary of state, mike pompeo, who was absolutely on the defensive. so, remember, this was the big chance for all of these senators to finally get some answers, on what exactly happened between president trump and russian president vladimir putin during this two-hour-long closed-door meeting in helsinki. but time after time, pompeo just would not answer these questions, often with this snarky attitude, saying these were private conversations. even the simplest question, did trump tell you what happened? the best pompeo could muster was that he has a pretty complete understanding of the conversation. listen to some of this

michelle. i'm melissa lee we begin a divided market the facebook plunge is dragging the nasdaq down about 1% boby and fang stocks outperformed but this week the pattern reverse add bit. >> just a bit. if you look at essentially the nasdaq 100 the qqq relatively to equal weighted verse of the s&p vastly outperformed the triple q is up 15% on the one year at the very end of the charts coming together a little bit clearly it's a very fresh trend. i'm not convinced it's a whole sale move. but it's impressive the way the accurate mathematic is absorbsing the losses. first netflix and now facebook and essentially remain on its feet in balance. that it is the big take away. >> i have railed against the objection to fang stocks to no avail .equal rated s&p is below the high and there are signs the other stocks are doing ihle well the other question is whether value gets interest? the value has been a mess for years. everyone wanted growth stocks particularly the fang names. there you can actually buy value etp and growth etp the growth line is up 13%. bottom line the value that's completely flat that's