how hard the tab for that will be in the end for a dime lower but it sure puts pressure on the c.e.o. david such as he was under pressure before because of poor performance and the diesel scandal now with a profit warning not good for a c.e.o. . or to bars or to frankfurt stock exchange and talking about c.e.o. all bombshell announcement shaking up is shaking up silicon valley intel a c.e.o. brian exxon each is out he resigned unexpectedly off that a company said it learned that he had a consensual past relationship with an intel employee now that violated the company's non fraternization policy this applies to all managers because on its joint in telling one hundred eighty two as an engineer chief financial officer robert swan will now take over for the time being and the company will launch an extensive search for a permanent replacement let's get more on this from our financial correspondent to new york and squat to the u.s. has its very own policy when it comes to a relationship that's work is corporate policy all about war also or what is driving decisions like this one. well there's a

cooperative transparency over its dirty diesels following some stern words from the transport minister c.e.o. david satcher has ordered a recall of seven hundred seventy four thousand vehicles across europe they were fitted with defeat devices software that turns off a mission's controls under certain conditions to get around strict environmental stead it's. c.e.o. . has been implicated in the diesel gate scandal in more news coming in today prosecutors say they're investigating him as well as another board member of the subsidiary prosecutor's offices starter had been accused of fraud in connection with the ongoing emissions cheating scandal since may the thirtieth now police have also searched his apartment as part of that investigation. fears of a trade war continue to grow u.s. president donald trump pulling out of a g. seven communique on trade at the weekend shock hasn't unsettled financial markets investors are starting to get used to this sort of behavior that doesn't mean the dispute won't get even uglier germany doesn't see a quick fix to the trade feud. hit us with terrorists and we'll h

unclear how high the tab for that will be in the end for don lemon and it sure puts pressure on the c.e.o. david such a he was under pressure before because of poor foremans and the diesel scandal now with a profit warning not good for a c.e.o. . that's a business wrap now to some sports teams. so take a look at day eight of the world cup with chris heinz and welcome chris thank you france through to the knockout stages with their win over the rw a decent match. with the firepower the french side has you'd expect better results but you know they did all they needed to do to pick up six points i mean this particular match let's take a look at the video right now killeen embalm pig french superstar standout the youngster made history here is the ball the first goal the only goal that we gave start with paul pope well off over zero then killing him bobby there he is in front of goal he has made history becoming the youngest french player to score gold in a major tournaments and he's an expensive player i mean you're talking about the ballpark of two hundred million is what he was worth and they had

c.e.o. of greenberg capital david greenberg thank you david for joining us or good to have you with us againmy pleasure bar always good to see you and so after we had these cuts what are they been in place for another eighteen months or even longer at one point six million barrels a day and russia was the big kahuna that joined opec it looks like they're on sort of pace to get rid of that in fact some say that if we didn't see an end to those. production cuts we could see one hundred dollars barrel of oil but you're a former are you still trade but trade a lot for at nymex on oil for years and years and i always appreciated your advice over the years was that the commission david but how do you see things going forward. well it's interesting for some of your newer and younger viewers what we need to realize is that we're just seeing opec be opec and we've played this out every year for really the past thirty years the impressive thing is that they've actually held it together over the last eighteen months and pulled some supply off and got the bump that they were looking for but the infighti

c.e.o. of greenberg capital david greenberg thank you david for joining us or good to have you with us again my pleasure bar always good to see you and so after we had these cuts what are they been in place for another eighteen months or even longer at one point six million barrels a day and russia was the big kahuna that joined opec it looks like they're on sort of pace to get rid of that in fact some say that if we didn't see an end to those. production cuts we could see one hundred dollars barrel of oil but you're a former are you still trade but trade a lot for at nymex on oil for years and years and i always appreciated your advice over the years was that the commission david but how do you see things going forward. well it's interesting for some of your newer and younger viewers you know what we need to realize is that we're just seeing opec be opaque we've we've played this out every year for really the past thirty years and the impressive thing is that they've actually held it together over the last eighteen months and pulled some supply off and got the bump that they were looking fo

david: a new c.e.o. has blasted fuji film's efforts to start merging talks calling them delusional.y. what does each excite actually want? >> like you said, the fight is getting very public. very ugly between fuji film and xerox. in a response to fuji film's lawsuit that was filed last week, what both sights want now, everyone wonders what will happen to xerox. fuji said their offer is the best option for both parties. xerox is under the control of shareholders and they are insisting they can get better value for their money and want to shop the company oults and said they are looking at offers of $-- would consider offers of over $40 a share for xerox which is a big markup from the current price of xerox. haidi: how significant is this threat by xerox? is this something we should be watching? >> yes, i think it would have a big impact on both companies. they are threatening not to renew technology agreement of the j.v.. they don't have a period attached to it. they essentially cover technology and development as well as the sales and supply network in asia pacific and one of the on

c.e.o. of johnson and johnson. welcome to bloomberg's "big decisions." good to have you here. alex: it is great to have you here. davidi want to take you back. you run a big company. 134,000 employees. back to 1982 fresh out of west point you were a lieutenant with a platoon. 22 young men that were didn't just depending upon you and you were putting -- that were depending on you and you are putting them sometim in harm's way. how are you a different leader than 22? alex: hopefully i have grown and matured. what i would say is starting out in the military i think you have so much to learn like when you are a c.e.o. and a lesson i learned in the military early is you have to earn the right to lead and to be in command. while you may have a rank on your sleeve that doesn't bestow upon you the respect and credibility of soldiers. early on and being able to listen to senior noncommissioned officers and be trained by them in many ways is very similar to what i had to do at johnson & johnson. when i was in the army it was about duty, honor, country. making sure that we were there for a higher calling, really trying to do our

david dreier was found guilty of conspiracy to defraud and false accounting it's related to transactions he was involved in at the height of the two thousand and eight financial crisis. the former c.e.o. of the collapsed anglo irish bank was found guilty at the start of june today he was sentenced to six years for his role in inflating the lend his balance sheet in the lead up to its collapse of his bank is not alone in engaging in the suspicious lending practices that drove the celtic tiger boom and subsequent boston but it was one of the biggest play is irish taxpayers had to bail out the bank to the cutest thirty five billion dollars the case against him was nine years in the making. sure the course of the investigation detectives listens to tens of thousands of telephone calls that uplifted almost one million files which require detailed analysis thousands of other inquiries were also conducted by this team both in ireland and in other jurisdictions including the united kingdom the united states of america the banks collapse had disastrous consequences for ireland to the taxpayer funds used to rescue the bank and mounted to a fifth of the country's economic output the bank remain

david: what is your approach to the relation of johnson & johnson and federal government. early on, after president trump was elected he brought c.e.oin it felt like every morning in "the west wing" and you were one of them. there was a lot of hope on the part of the business community it would be a different president to work closely with the business community. did it work? alex: it is important for industry to be talking to the government and i think that having a relationship, understanding how important they are as a customer and stakeholder is critical. i had the opportunity to work with many presidents in my role in different administrations and it is only by sharing those ideas of developing an understanding and appropriate partnerships that i think we can work collaboratively to solve some of these big issues that we have been talking about during the interview today. i would expect that to continue. with this administration there's a lot of outreach early on and there have been issues we had to manage along the way but i think it will be incumbent on all busisseaders to try engage in a positive way to bring about positive

c.e.o. of greenberg capital david greenberg thank you david for joining us or good to have you with us again my pleasure bar always good to see you and so after we had these cuts what are they been in place for another eighteen months or even longer at one point six million barrels a day and russia was the big kahuna that joined opec it looks like they're on sort of pace to get rid of that in fact some say that if we didn't see an end to those. production cuts we could see one hundred dollars barrel of oil but you're a former are you still trade but trade a lot for at nymex on oil for years and years and i always appreciated your advice over the years was that the commission david but how do you see things going forward. well it's interesting for some of your newer and younger viewers you know what we need to realize is that we're just seeing opec be opec and we've played this out every year for really the past thirty years the impressive thing is that they've actually held it together over the last eighteen months and pulled some supply off and got the bump that they were looking for but th

c.e.o. of deutsche bank anywhere near on the same page? good morning, everyone. this is "bloomberg surveillance." live from our headquarters in new york and francine in london. davidow good is prime minister may's weekend going to be? francine: probably going to be bad but to be fair she's had a couple bad weeks since she started. you also can suggest that actually every day is a bad week when it comes to leadership and yet she's still there and so she's seeing attacks on all sides but first you need to find someone who can replace her if she's going to be replaced and is this just game theory and are they trying to attack her so she becomes a much more hard line pro brexit prime minister and whether that work is still to be seen, tom. tom: we'll see what she does in quebec and will be interesting to see president trump show up for one or two cups of coffee, we need our first word news with taylor rigs. taylor: said to be the most acrimonious world sum anytime years and president trump will face off with six other leaders when the group of seven meets in quebec. europeans are angry at the president over his threat to impose tariffs. france will to impose tariffs.