carney. what do you have?e bitkets concerned about the trade fear and what the trump administration's next move is. dollar up, bonds a little mixed. a lot will have to do with what mark carney has to say. i am looking at 10 year jgb yields. turkey, there is the turkish dominated lira rate in the dollar rate. let's look at both. here is normal. 2014-2015, the u.s. yield is the lower, better, cheaper yield. then it falls apart. this is the headline of a higher interest rate up to 20%. what is so important is we are beginning to see the unraveling of the dollar denominated turkish debt. that needs to be watched carefully to see if that gets out under 6% and on to 7% or 8% yield. chacine: i did the boe rt. but most estimates the output gap in the u.k. is closed and inflation will return to 2% target next year. be our star quite important today. may vucevic joins us outside the bank. about the hike. how many questions will they get itut what it means, what targets, or if it is just >> the rate hike is fully priced

boe in her mark carney -- boe governor mark carney spoke with francine lacqua. right position for the economy given the track it is on. obviously there is a wide range of exit outcomes -- brexit outcomes that are possible. we all hope that by the end of the year we will all be more informed on what path the u.k. and eu are taking. in a variety of those potential outcomes, they would be consistent with rates at their current level, if not higher. certainly there could be circumstances where it would make sense to adjust policy. but i think we all know what those circumstances are, and at that point we will take them into account. francine: what would that actually meet with the rate cut? carney: it is a set of circumstances that what happened post-referendum, where the balance of what happened to the future supply of the economy demand, which was more of a business hit than a consumer hit at the time, and the exchange rate, the combination of those things make sense for us to extend the horizon over which we brought inflation back to target . it does look like th

we will have an interview with mark carney at 4 p.m. u.k. time.mberg. ♪ s bloomberg. ♪ minutes into the market trading session this thursday. we are counting down to the bank of england's decision. we think they will raise interest rates for the second time. a rough rise for the u.k. economy. let's get the latest on anticipation with our reporter outside the bank. there has been a big market buildup ahead. expect this. june, it wasin voted to keep rates on hold. all it takes is another two votes to make that a hike. is this the right time to hike? some analysts say it is due to unemployment. if you look at inflation as well. the big question is brexit. now, becausehiking there might be a hike into a downturn? market expectations are high. what will give the support to the sterling? we might need messaging from mark carney to support that even more. the big question is what he is going to say in the news conference. we will get the growth in inflation forecasts. what kind of messaging will he give? we are expecting for the first to give bank of eng

that is why mark carney is saying it is getting uncomfortably carney is saying it is getting u nco mfortaing uncomfortably close and there might be no deal because we can't agree on this crucial issue. inevitably, you have many of the staunch brexit supporters saying that this is just more of project fear from mark carney. it depends on your perspective. if you're looking at what will happen in the uk on the 30th of march 2019, if there is generally only no deal at that —— genuinely no deal at that time, it is likely that there will be a lot of trouble, especially at the borders, because there are no arrangements in place for dealing with the tens of thousands of customs declarations that will be needed. so mark carney is focusing on the short term, what is going to happen at the end of march, start of april. the brexit supporters are saying it will be bumper in —— bumpy in that period, but if you take a longer perspective, things will be all right. at least mark carney is saying that the banks will be ready, no matter how bad it gets. he is certainly saying that, and he has talked at len

the daily telegraph of there, mark carney blamed for slump in the palette, this after his interview oned of notjust by mps but also market and lists for this temporary drop in the pound. it then went up later on. well, they are all lining up to criticise him. jacob rees mann, david jones, and they are very angry at him and think he is presenting a doomsday scenario that they simply did not recognise. i think it is interesting that the daily telegraph says that mark carney therefore should be blamed because of this drop in the pound for the high cost of four holidays. that shows what they are thinking about. but we should point out that apart from these usual suspects, in that sense, the brexiteers, harshly criticising mark carney, there is somebody who feels sanguine for the opposite reason, and that is the chief executive of british airways. he says he feels assured that there will not be planes grounded here in the uk, there will be some sort of agreement that will be transported —— an agreement for transport copper hands the eu and therefore people should not panic. things will be s

martin mentioned mark carney.lump in the pound? that was a temporary blip, but he is being blamed for much more than that. he has been described byjacob rees—mogg as the high priest of project fear. and lots of other people are lining up. priti patel, david jones, the former brexit minister, peter bone and others. very harsh in their criticism of mark carney, the governor of the bank of england, saying that he is really presenting a very pessimistic picture, a doomsday scenario. but of course contingency planning has to be done. 0ne course contingency planning has to be done. one that not voice of doom at all about brexit and the implications consequences of it is willie walsh, the ceo of british airways, who is saying that all this kind of talk about planes being grounded and not flying because they wouldn't have certification, etc, that leaves him fuming. he is saying, look, this is obviously a challenge, but he believes that there will be, he says this in the daily telegraph, there will be a competence of agree

that was mark carney speaking earlier. there was a no—deal brexit and suddenly there were checks for customs, checks for food safety and other sorts of regulations, the fear in the logistics industry and storage industry is that the ports would seize up. and smaller disruptions we have seen over the last couple of years. for example, when there were strikes in college i think in 2015. we have 30 mike duke miles of cues. the fear is that the keys could be longer and last longer. we would not run out of food but there could be gaps of food on our shelves. what would the view of this be from the people behind brexit? i have spoken to about 20 to 30 senior people who are in the logistics industries, that warehouse industry, the retail, supermarkets... and they are all saying pretty much the same thing. they are very worried. they do not wa nt to they are very worried. they do not want to scare customers. they are happy if customers are buying things and consumers are buying things and the system works. if it is project fear or

with, we have an interview bank of england governor mark carney when our from now, after the boe's decision to increase rates. first, abigail doolittle is here with. breaking economic data abigail: -- with breaking economic data. abigail: we are looking at factory orders. factory orders are up slightly from the month of may, up .4. an in my number, a little stronger than may, and not a lot of reaction for major averages. the dow down the most. renewed trade tensions weighing on investors, the uncertainty of what it could mean. if we look at the today chart of the dow jones industrial average, we will see this down daysays, the worst two since june coming off of the lows. investors are jittery. behind the declines, the worst factors for the s&p 500 are industrials and materials. if we look at dow dupont, freeport steel, we see the weakness of trade fears leading into industrials and material sectors. we also have interesting movement as we look at consumer-related stocks. look at these declines. resorts, red wynn robin gourmet burgers, all on earnings. trip is down. mgm missed gap earnings.

yesterday we spoke with mark carney. he told me he is not done with interest rate hikes but also spoke on a radio in the u.k. that there is a chance of brexit turns ugly. so markets just do not seem to believe the fact that the boe can hike again. yuan, we did have volatility. 6.8933, and the stoxx 600, a lot earnings. gaining some 0.3%. yesterday, apple hit the $1 trillion market cap. its cap over the last five years, the first company to be worth over $1 trillion. we have an exclusive conversation with a chief executive of the italian bank. we will talk to him about the bank but also about the italian banking landscape and the budget. first, let's get to new york for first word news. taylor: francine. u.s. commerce secretary wilbur ross signaled more pain ahead unless china changes its economic system. he told fox news that the administration will create a situation where it is harder for the people's republic to continue what he called "bad practices" than it would be to reform. beijing has repeatedly pledged to respo

alix: carney and friends. i really like that. you very much and stephanie flanders will be sticking with us. they did as expected raise rates 25 basis points. the statement appeared to be more hawkish than expected because there were no dissents. kind of real move in the yield as well as in sterling may be capped by that short-term neutral rate coming in at 1.1% and not moving their inflation target. in the broader market it feels like a risk off kind of day as global bond yields continue to grind their way higher so s&p futures are down by 17 points. euro-dollar also down. it's a stronger dollar story. stronger global yield story. the curve here in the u.s. after the fed did not a lot of at 30 basis points and crude getting hit not only on the stronger dollar but also on supply from saudi arabia and russia. david: we have earnings out from kfc and pizza hut. what waswere basically expected and they are showing in the same source deals around the globe. they're down 1% over china. we will keep watching this because it tells us so

bank of england governor mark carney is back in the brexit debate. the chance of the u.k. dropping out of the european union is uncomfortably high. that implicates mark carney is more comfortable that theresa may will be able to get consumers to business. david: thank you. it appears china may have a response to wilbur ross saying we will increase pressure on china. china will be levying differentiated terrorists -- tariffs on u.s. goods. i take it means it is not the same rate. they are not crying uncle yet. julie: futures coming off their highs. into the jobs' day mixed. this back-and-forth on tariffs. david: it is 27 minutes away. --nomist are expecting economists are expect thing that jobs grew. ,oining us is alan krueger former white house chief economist. you don't want to pick a number. are you expecting as robust a number? alan: that seems quite reasonable. unemployment insurance claims continue to below. the report that president trump tweeted about is a first talking about the adp report from the white house. all signs look like a continuat

mark carney, the governor of the bank of england.t was revealing. 50% said they‘d did not think they would be impacted by brexit, but the other half said they would be waiting for the direction of travel to become clear. that reflects the fact that a lot of businesses feel it is quite difficult to plan and understand what no deal means that this stage. the putting in place of contingency plans can be costly for businesses who are trying to run businesses on a day—to—day basis. not knowing what they have to plan for is difficult. it is feasible for the uk to trade under world trade organisation terms as well? one of the interesting things when you talk about wto terms is there are certain things you can produce, so we know if you are trading on wto terms we know what the tariff is, but that does not say what the potential customers related disruptions will be. also the length of time taken to get goods to pause is something that is not provided for in the wto rules and that is the aspect of planning that is difficult. briefly, prices,

you can read stephanie's interview with mark carney in bloomberg markets magazine.a look at what tesla is doing right now. it continues to rise. over two days, up 15%. the electric car maker has done pretty well. their earnings were pretty well received, especially on the cash and print, better guidance, a potentially apologetic mosque -- apologetic musk. know, with all of the ongoing issues in the company, tesla has become one of those favorite targets for shorts, including big names, such as jim chanos and david einhorn. we will keep an eye on the stock. live from new york, this is bloomberg. ♪ shery: one of the largest cannabis producers in america lists on the canadian stock exchange this fall. we are welcome here in canada. although we are u.s.-based, today, to be on exchange, canada is our first and frankly only choice as a u.s. cannabis company. >> you have been at this for a long time. but those who are unfamiliar with acreage, just described the business model. what do you own? >> i have personally been added as a private investor since 2011 and really more

the governor of the bank of england mark carney has warned of the possibility of britain leaving theopean union without a deal, saying the uk and eu must do everything possible to avoid it. i think the possibility of a no deal is uncomfortably high at this point, yes. so you're saying quite clearly that a no—deal brexit would be a disaster? it is highly undesirable. that's all from the bbc news at one, so it's goodbye from me, and, on bbc one, we nowjoin the bbc‘s news teams where you are. good afternoon i'm here with the latest from bbc sport centre. england have a lot to do if they wa nt to england have a lot to do if they want to keep their hopes alive of winning against india. there was a devastating spell of bowling. there are 86—6. that is the lead of 99. patrick is live at edgbaston for us now. it appears that england are crumbling. indeed, if i tell you just now, they celebrated the greatest england test 11. 1000 test match. some are in the 11. and england could really do with all of them in their prime because they are banged up against it. ifeel like i am repeating myself,

tom, what more reaction coming through about those comments by mark carney?t backing mps smell a rat. they see these comments as part of an attempt by the political establishment to paint a picture of a no—deal brexit that is so picture of a no—deal brexit that is so awful that any deal that the eu eventually offers will appear better. peter bone, brexit campaigner, calling this another example of the ongoing project fear campaign. former conservative leader iain duncan smith said there is no such thing as a no deal, because both britain and the european union are signed up to world trade organisation rules, they would be able to trade together after a no—deal brexit and he says the treasury and the bank of england have struggled to understand how this would work. to some extent of course, mark carney‘s comments are in line with those of the uk government. this weekjeremy hunt warned about the dangers of a noble deal by accident. jeremy hunt at what message is really aimed at european leaders and to some extent so european leaders and to some extent so our eu

number one, you showed a picture of general carney. decades ago i read a book called the compact history of the american indian wars. it mentioned something about in the 1850s, general carney was involved in a skirmish and it was a humiliating defeat. it wasn't disastrous in the worst possible way, but it made him look silly. >> then a few years later, as the book expressed it, he got his revenge and led a terrible massacre. now, is that true? and if it is, i would like to hear more about it. my second question is when you talk about the regular army being less likely to commit massacres against indians and the local militias, is the sand creek massacre led by shillington a good example of that? >> yes. so harney , he was not himself humiliated. i think in 1854 there was grattan it was defeated. he became overconfident and pushed too hard. >> maybe, i'm not sure. [ laughter ] cow, horse, buffalo district probably a horse. harney did see that as a humiliation of the army. he was less restrained than carney and harney flood indictment fo

mark carney tells the bbc: the risk of the uk leaving the eu without a deal is now "uncomfortably high think the possibility of a no deal is uncomfortably high at this point, yes. you say quite clearly a no deal brexit would be a disaster? it is highly undesirable. his warning comes as theresa may interrupts her summer holiday to meet the french president to discuss her brexit plans. the other main stories on bbc news at five: 18—year—old safaa boular is jailed for life, with a minimum term of 13 years — she's the youngest woman convicted of plotting a terrorist attack on british soil. the leader of zimbabwe's main opposition party says he's ready to go to court to prove vote—rigging led to his loss in the presidential election. the sister of a midwife missing for a week makes an emotional appeal for information — samantha eastwood was last seen at the end of a hospital night shift last friday morning. spain and portugal swelter in a heatwave — locals and holiday—makers are urged to take care as temperatures climb well into the 40s. . hold on. and, paul rudd dons his ant—man suit again

governor carney said in the speech to journalists that policy needs to walk, not run. there are more doubts of future rate hikes and down goes the pound. it is 90 minutes in the trading day in the u.s. and we have abigail doolittle with more on the markets. abigail: the global selloff in europe and starting in asia leading into the u.s. a little, but not real declines. the dow is on pace for this -- for its worst two days since june. the nasdaq managing to hold on to a small game because of the material sector. take a look at the smp material index down, --s&p material index down, weighing on the dow and s&p 500. let's look at losers on earnings. not just trade influencing the markets. down sharply as second-quarter sales fell short. the overview is light, as well. dowdupont is down, as well, and that could reflect trade concerns. down and their full earnings view is missing the mark. this is causing the s&p 500 to trade down side out of the last six days. somewhat painful for the s&p 500, down 1.2% as trade concerns weigh. a lot of companies are beating, but perhaps f

we'll bring you our interview with mark carney at 4:00 p.m. u.k. time. and the trump effect, asian markets fall on the threat of increased tariffs from the united states. and washington imposes sanctions on turkish officials. ♪ good morning, everybody. this is "bloomberg daybreak: europe." will go to germany first because we have a slew of earnings to get through. profituarter industrial in thebillion euros, ballpark of the 2.20 7 billion, slightly below perhaps. the concern on the forecast for industrial profit harkin -- profit margin. in line with the 20.8 billion .ou would say interesting to watch for any kind of strategy update you get from vision 2020, something the business has been talking about and something we've been anticipating for a while. some years into his tenure, we will speak with the ceo, joe kaeser, joining us in a few minutes time. ing, second quarter pretax offit against an estimate 1.80 4 billion. ahead of estimates ahead of second-quarter numbers for this business. feee watching for the income because there's a lot of interest fro

a warning from bank of england governor mark carney about the brexit talks. to be ready if britain crashes out of the eu. four men who died in a car crash during a police pursuit in bradford have been named. the car was followed by officers early on thursday morning, when it crashed into a tree. the leader of zimba bwe's into a tree. the leader of zimbabwe's main opposition party says he is ready to go to court to prove vote rigging led to his loss in the presidential

mark carney tells the bbc the financial system has to be ready if britain crashes out of the eu.ly high at this point. brexiteers say the comments are "project fear" all over again, as theresa may travels to france to sell her brexit plans. also on the programme. the sister of a young midwife who's been missing for a week, makes a heartfelt plea. she's my best friend and partner in crime. without her, half of me is gone. zimbabwe's new president emmerson mnangagwa calls for unity. the opposition maintains, his election was rigged.

the mark carney interview on bbc continues.ing the chance of a no brexit deal is quote uncomfortably high. taking a bit of a nosedive on the back of that. as the governor of the boe expresses his fears. this is bloomberg. ♪ unlucky eight. china's currency heads for eight weeks of declines, its longest losing streak on record as wilbur ross signals more pain and ahead unless beijing changes its ways. as the yuan been weaponize? turkish inflation accelerates less than expected. the lira erases losses for the day, but still hanging around the five handle. in beijing. heine takes a $3 billion stake in china's largest brewer. the stock trades higher. welcome to "bloomberg markets: the european open." i am matt miller in berlin alongside guy johnson at bloomberg's european headquarters in london. guy: paper and packaging seems to be doing the trick. trading higher. royal bank of scotland, driving the stock higher. all trading higher. we have decent numbers being generated at the upside of the market. the market in general, not going

simon, let's begin by talking about the governor of the bank of england, mark carney.g news again already this morning, on the airwaves to the bbc, talking about the risks of a no—deal brexit. let's cast our mind back to yesterday, when he was also taking centre stage. raising uk interest rates by a quarter of a percentage point. do you think about was right in doing so? it was a unanimous decision. you think about was right in doing so? it was a unanimous decisionm was. surprising son? the fact it was so was. surprising son? the fact it was so strong, yes. some people thought maybe a couple of members of the monetary policy committee would vote against it but it was unanimous. the question is, why would they hike rates yesterday when we've got brexit to come and when inflation is slowing down? i think it's about giving a degree of stability for the bank. if you perhaps have something u ntowa rd bank. if you perhaps have something untoward happen later this year, england need to start cutting rates again to support the economy. there is this idea that maybe they need a

mark carney, the governor of the bank of england. mark carney, the governor of the bank of england.g your questions on how the interest rates rise could affect you at half past two this afternoon with the personal finance journalist sarah pennells and the consumer expert jasmine bi rtles. send us your questions and we'll try and answer them. the national citizen service, a government—run youth scheme, is not value for money according to councils in england and northern ireland. the project allows 15—to—17 year olds to spend four weeks working in the community. the local government association says only 12% of eligible teenagers have taken part and it has cost £634 million. the government insists the scheme has improved the lives of 400,000 young people. the former conservative minister for civil society, rob wilson says the project has come a long way but more still needs to be done to increase the number of teenagers signing up to the scheme. it has built up over the years from a situation where a few thousand would go in each ear, to now where about 100,000 young people are going

meanwhile, bank of england governor mark carney issues a stark warning.s point. the leader of zimbabwe's main opposition party says he's "ready to go to court" to prove vote rigging led to his loss in the presidential elections to emmerson mnangagwa. but the re—elected president insists the process is "free and fair". the four men who died in a car crash during a police pursuit in bradford have been named. the car was followed by officers early thursday morning when it crashed into a tree. labour's leaderjeremy corbyn has restated his commitment to root out anti—semitism in the party. writing in the guardian, he says rebuilding trust with thejewish community was his priority. the sister of a woman who has been missing for more than a week has made an emotional appeal for help to find her. gemma eastwood broke down in tears as she described her older sister, samantha, as her best friend. the 28—year—old midwife was last seen at the end of her shift at the royal stoke hospital last friday morning. a 32—year—old man arrested in connection with her disappeara

carney: i have a lot of respect for secretary mnuchin.rly in terms of how he has piloted the adjustments to u.s. financial reform. i think it made a much more coherent package. and a more effective package. we had a broad range discussion, not just of the global economy, but of the trade environment and particularly, around trade and potential financial services. important time for all of us to keep talking and to think about -- the united states, and extended by the treasury secretary's efforts and the fed's efforts, has made tremendous reforms to their financial systems, as has most of the g20, including the u.k. the challenge for the opportunity is to take full advantage of that. because the quality, the resilience of the systems has gone up so much that there is a lot more that we can do together. certainly, they bank of england, the u.k. at large is committed to having an open system, very much with the united states. ideally, and this is an important part of the brexit negotiations, continuing with europe, appropriate to the new rel

mark carney did it again, talking about brexit and his worries.pound a little higher on the back of the 90 -- 9-0 vote for a rate hike. words of warning from the press conference with governor carney talking about risks to brexit. he pushed the pound lower again, another interview, talking about the uncomfortably high probability. he says it is low but high that we get a no deal brexit. if we did, we ran out of time because the u.k. government could not get a deal in time for march 2019 with the e.u. he is saying that it could be highly undesirable. that is a look at the european market. vonnie: in the u.s. we are related torrencies trade negotiations. a stronger mexican peso and canadian dollar as well. every country but china might be negotiating with the u.s. and end up with some deal. we are seeing improvements for those currencies. crude oil futures down .4%, trading 68.68. and i want to point to the 10-year yield. it is well backed off 3%, briefly hit earlier in the week. we are finishing the week on a very green note. we should look at comm

maybe we will get another rate move out of mark carney. you spoke about the pain trade.f you look in -- listen to wilbur ross, he said putting beijing in that position of pain hopefully from his point of view, the trump administration's , they will get them closer to economic reforms. that is a long-term game. they the question is if could relate debt there. let's get you caught up with what has happened in the u.s. close. truean see if it was a tech trade. the s&p 500, the tech sector, helping to push that up. that was the biggest gain in the sector. the dow getting the most pain out of the trade issue of being flat. looking at the board, taking a look at the bonds, the u.s. 10 year fluctuating. we have been talking about how that could end up 3.1%, the last threshold we saw earlier this year. this was the highest in the past few months. the japan genia, we see that picking up -- 10 year, we see that picking up. 4.84 is where we are at. is something to be on alert for because that could mean temptation for folks to pull their money out of global bonds and send it back i

during mark carney's testimony yesterday sterling did weaken after that decision to raise rates. the assumption there was a gradual, limited, dovish hike, if you will. it's interesting to see with this weaker data what happens. moving on, the broader fx curve, we're keeping an eye on the dollar ahead of the non-farm payrolls report. you are looking at the dollar slightly higher against the japanese currency, higher against the euro as well sterling continues to weaken against the greenback. dollar is stronger against the yuan stronger in the session by 0.3%. this certainly catches the attention of the white house let's check ten-year yields. we had seen the u.s. ten-year yield above the 3% mark. now at 2.9729. keep an eye on italian yields. the ten-year yield moving higher for the two and five-year, moving 20 bips a lot of this over concerns about budget tensions. there seems to be a split on tacks and what the spending plan will look like in a country that already faces so much political uncertainty. switching over and looking at what is happening here in the european trading se

keeping carney on for another stability,ome someone at the helm.the governor -- government has been a good steward? >> carney his face a lot of .riticism from brexiteers people say it will be bad for the economy. i guess this shows him being on the side of carney. guy: thank you for joining us. i want to flag something. warned buffett is going to be joining bloomberg. david westin will be speaking with them on thursday at 11:30 a.m. in new york. you don't want to miss it. he is somebody who always has a stellar track record. we will be listening to everything he has to say. that conversation is coming up on thursday. coming up, it is daybreak americas. we are looking for to that conversation as well. this is bloomberg. ♪ 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 c

mark carney says that britain faces high risks of a no—deal brexit.he comments. amazon's tax bill in the uk fell last year, even though its profits nearly tripled. the full tax bill for the company's uk branch was £4.6 million, but it has deferred paying the remaining £2.9 million. the online firm has faced criticism over the amount of tax it pays, but amazon says it pays all the taxes required by the government, and has invested more than £9 billion in britain since 2010. regular exposure to even low levels of air pollution may affect the heart to such an extent that it would be similar to the early stages of heart failure. according to a study for the british heart foundation, the changes were comparable to being consistently inactive or having raised blood pressure. two men are being treated in hospital after they were stabbed outside glasgow rangers' ibrox stadium last night. fans clashed ahead of the europa league match with croatian side 0sijek. the two men, aged 24 and 40, are in a stable condition. police scotland have appealed for witnesses.

the headlines: theresa may holds talks with emmanuel macron as the bank of england governor mark carney issues a stark warning about brexit. the possibility of a no deal is uncomfortably high at this point. zimbabwe's president emmerson mnangagwa calls for peace and unity, as riot police try to break up an opposition news conference. labour leaderjeremy corbyn says driving anti—semitism out of the party for good is his priority. the sister of a young midwife who's been missing for a week makes a heartfelt plea. she is mired best friend and partner in crime. without her, half of me is gone. also coming up this hour, forecasters say the all—time temperature record for continental europe could be broken in the coming days. much of europe continues to sizzle in a heatwave, with temperatures in spain and portugal in the forties. and at 11:30 we'll be taking an in—depth look at the papers with our reviewers, martin bentham from the london evening standard and benedicte paviot from france 24. stay with us for that. theresa may's attempts to sell her plans for the uk's departure from the europe

. >> joining us now, democratic strategist adrian elrod, tim carney, former george h.w. bush aide and republican strategist joe watkins. joe, let's start with what has been said in the headline out of the interview this morning that is new. she is calling the president racist. you heard her reaction to being called low life as well as a dog. >> those are tough charges. omarosa has fired big shots at the president, at the white house, and they are hard charges because after all she was the president's top african-american advisor at the white house. somebody close to him for a long time. she has a 15-year history with him. these charges interest her are very, very serious. as long as the white house doesn't have any african-americans in senior positions in the inner circle of the white house, they are going to be exposed. these are very serious charges coming from omarosa manigault newman today. >> adrian, as we know, omarosa very serious charges, but also reversal from statements that she has made previous to these recent interviews. >> yeah. look, i think there is a lot

tim carney with "the washington examiner." tim, i want to go back to a point that hans nichols made from the white house. senator graham is not someone typically who says things before thinking about them. if he said that the president is considering firing his attorney general, again, people who have followed senator graham's career for a long time like myself, covered him for a number of years, this is likely the result of some sort of conversation that he has had. what would be the political fallout, tim? >> i do think that this would be a rare way for donald trump to alienate himself from the senate republicans. the party's always willing to take a lot of abuse if -- from the president of their own party. but sessions is one of them. he was a senator. they confirmed him. they see that trump's treatment of him is not just manifestly childish and unfair, but also improper. that trump thinks sessions is supposed to be his own employee. he's confusing the u.s. government with the small business. i do think that -- i imagine gr

this is mark carney hints at further rate hikes in the face of brexit risks.we will bring our interview with the cfo at the royal bank of scotland. anna: good morning. this is "bloomberg daybreak: europe." futures look green, but we have rbs numbers to go through. let's go to those. nejra: these numbers are coming out from rbs right now. the end of june ratio coming in at 16.1%, it will come up in the interview we hear in a moment. it is retaining its outlook guidance in 2017 annual result. second quarter coming in at 96 million pounds versus 68 million pounds a year ago. second-quarter operating profit coming in at 613 million pounds. the key thing investors were looking at was to do with the dividend. i asked the cfo about that. we declared today to determine our first dividend. i think it is a great sign of progress the bank has made over the last couple of years. to pay as, intending two pence per share dividend to the doj finally agreement. -- final agreement. that $4.9 billion settlement with the boj allowing them to resume dividends for the first time i

of course, mark carney has so judicious and careful in his moves on monetary policy, tolerating a big rise in inflation above target. even though inflation is starting to come down, mark carney still sees rates coming down further than they are now. take a look at one of our gtd charts. -- go tv charts. you can get the picture of what happened in the last 24 hours for the bank of england. you can see the white line along the bottom. flat rates were down. core inflation down to 1.9%. headline still 2.4 percent above target. in fact, after this decision that he is keeping rate hikes on the agenda even as brexit , the economy is growing, unemployment is low, wages will rise, and that is the reason for this. he told bloomberg television earlier today that the door is open and rate hikes could happen. >> important thing is this is the right decision for the economy given the track that it's on. obviously, there is a wide range of outcomes possible. we all hope that by the end of the year we will all be much better informed on which path to the u.k. andpath the eu are taking. >> with many o

andine: talk about carney -- barnier, almost the last man standing instability within u.k.olitical and economic environment. providingant is he to some stability for the pound and markets in general? >> there was a report yesterday saying that potentially the treasury had asked mark carney to stay on for another year. already extended his tenure by one year after the brexit vote happens. the treasury denied they had asked him but is not a huge surprise they would because he would be able to provide some stability and a government that is very tumultuous. we do not know if theresa may will be in power in six months, one year, and she would take her chancellor with her if she left. taylor: thank you. depending brexit deal we never seem to get to the come into my terminal at the tv , it allows you to rouse right -- recent charts and features. this one is about rate headwinds. pending home sales weaker than expected. u.s. homebuyers are turned off by higher rates. this is bloomberg. ♪ york, i ame from new taylor riggs. romaine: i am romaine bostick and this is the european

rishaad: mark carney's eking to mark carney speaking to francine lacqua.lloff in tech have dragged tencent down since it's january high. inres posing the lowest months. the average price target of 51 analysts is $511 even after they cut their forecast last month. china's struggling hna group examining options for its leasing division. includeold they companies controlled by henry chang. avalon has the potential to be among hna's biggest disposals. india's biggest oil and gas producers seeing it net income up 58% of the first quarter and it reached a four-year high. sayingong -- it was however below average estimates. expenses rising by almost 70% in the period, but ongc did not actually tell us why. with a few stocks names is giving the downturn. let's look at who are among those my guards of note. sophie: losing ground for a third day, you have rail and airline names among the worst performers and tech shares as well. extending losses for a third day. this is among the companies linked to china by chinext technology group, one of four firms the u.s. said

well, mark carney has said people should expect more "limited" and "gradual" interest rate rises overrs. he's been speaking to our busiess editor simonjack. (tx next) some people will say we're pretty wea k growth some people will say we're pretty weak growth in the uk, and a trade war kicking off for the big superpowers around the world. you have the huge uncertainty of brexit around the corner. this is not the ideal moment, so why not wait? relatively weak growth — we have growth in the uk that is around hour speed limit, a little faster. we used to be able to run the machine at 3% growth, now it is around 1.5% growth. this is more the new normal, at least for a period of time. the second thing is, without question, there are these uncertainties. brexit is, you know, dominates all the other uncertainties. i think we are all hoping that by the end of the year, there will be much more clarity about the future relationship and that there will be a smooth transition to whatever that relationship is. there are a variety of scenarios that can happen with brexit. we don't have enough time

. >> governor carney.ou mentioned the right hailing service, could you describe with that looks like? you do not expose any corporate secrets? >> that is a great question. you have an app on your phone , i you will say, hey, waymo want you to pick me up and it will show the eta, it might be three minutes and you will choose your destination and the car will show up, pick you up, you will get in the car, you will press a start ride button inside the car, and off it will go to take you to your final destination. >> it is an unmanned uber? >> one way of thinking of it, yeah. >> other questions? i have some more if you would. given what you have talked about and this future, are we building things that we do not need, like parking garages, you talked about parking spaces, infrastructure that we do not need and what type of infrastructures should we be anticipating with regard to the technology? >> it is a great question, it is something that is on all of our more than any other group because of the things you

bank of england governor mark carney said on friday the chances of a no—deal brexit were "uncomfortablyon in trade tensions between the us and china. beijing has said it will impose tariffs on $16 billion worth of us goods on the same day that america plans to begin new import taxes — also on $16 billion worth of chinese goods. both will take effect on the 23rd of august. you may remember both countries have already added tariffs to $34 billion of one anothers' goods. a quick look at the markets before we go. asian investors on thursday largely brushed off china's tit—for—tat response to donald trump's latest tariff threats, with most markets rising, but concerns about the impact of an all—out trade war are keeping optimism in check. i will see you soon. the results of an independent investigation into historic child sex abuse at two roman catholic boarding schools during the 1960s, ‘70s and ‘80s, will be published today. the english benedictine monasteries at ampleforth in north yorkshire and downside in somerset have apologised for past failings. the report is based on evidence given

well actually you're right two months ago during the first the festival carney also you know offered an unconditional actually offer proposal to the taliban but this time it's conditional he says that you know he will give them the opportunity to embrace you and if they do agree and if they agree if they do. approve this proposal then you know for three months you'll just cease fire but the problem is that the kind of on a phone with them going back on your promises i mean last time you quite remember that only for three or four days they accepted that ben that then shortly after that we you know witness quite a lot of attacks in kabul and in north of afghanistan and loads of afghani afghan troops on afghan civilians have been killed two people are not really optimistic to be honest about. all five even though i mean we hear from international figures as well like today the nato secretary general olds who welcomed it and i've been speaking to other diplomats as well saying that it might be actually opening the gateway for the taliban to embrace peace for a bridge before afghanistan t

mark carney coming out last year in saying that the chances of a no deal brexit is uncomfortably highsecretary liam fox echoing that, saying currency traders have not been prepared for this and now they are hedging against the possibility ofa are hedging against the possibility of a hard exit. we are trying to stockpile medicine and we are trying to rush towards what is there is actually no deal? there is lots of media and noise about this actually, and they have now had to take seriously damaged the supply chains, something that is, companies cannot prepare for this in even eight month. it takes years to form a business and the right supply chains. there have been scales such asa 0.25% chains. there have been scales such as a 0.25% increase in interest rates, britain is —— britain suffering as they travel into europe. i have seen some of predictions that this is just temporary. an american friend did tell me the other day this is wonderful, this is the cheapest holiday in the uk have ever had. but anyway, i will just holiday in the uk have ever had. but anyway, i willjust move on. a

tim carney, welcome back. this ways you do for a living. where do you start with the president's attacks on the press or their reaction to it which might backfire? >> i think it's sort of a dumb slur to say fake news enemy of the people, and these things coming from the president is worse. if you are saying about newspapers it can be dumb. it's the president who has the power, the i.r.s. at its finger tips. we don't like the government sticking their fingers where they don't belong and i don't like politicians sticking their opinions in things that aren't their business. but i don't like 300 newspapers coming together and singing the same hymn *. it ignores the fact that a lot of the major media acts in a way that they hate 40% of the country. they act with disdain toward a major portion of the country. kennedy: that's why what the president says resonates with those people. the "l.a. times" decided not to publish one of those editorials. they said they don't lean on anyone else for editorial direction and they don't expect other newspapers

the headlines: theresa may holds talks with emmanuel macron as the bank of england governor mark carneyit. the possibility of a no deal is uncomfortably high at this point. zimbabwe's president emmerson mnangagwa calls for peace and unity, as riot police try to break up an opposition news conference. labour leaderjeremy corbyn says driving anti—semitism out of the party for good is his priority. the sister of a young midwife who's been missing for a week makes a heartfelt plea. she is mired best friend and partner in crime. without

bank of england governor mark carney has jumped back into the brexit debate. central bank chief told the bbc the chance of the u.k. dropping out of the european union without a deal is "uncomfortably high." that indicates carney is more worried that prime minister theresa may won't be able to get a deal that would prevent disruption to businesses and consumers. global health officials aren't sure whether an experimental vaccine will be effective in the latest outbreak of people a in congress -- of ebola in congo. they have 3000 vaccine doses ready to go in congo's capital and can get up to 300,000 more on short notice if needed. there is no specific treatment for ebola, antivirus can be fatal in up to 90% of cases. global news 24 hours a day, on air and on tictoc, powered by more than 2700 journalists and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg. shery: thank you. no signs of backing down. beijing fires back against president trump's latest tariff escalation, announcing $60 billion worth of their own if the u.s. both the trigge

i would imagine mark carney is quite jealous of what the fed would say.anies build new aircraft, or modify existing designs, they need to make sure they‘ re safe to fly. that's the job of test pilots. and to learn their trade, they need highly specialised aircraft — as our reporter theo leggett has been finding out. three, two, one. this is no ordinary helicopter. it is a highly specialised machine. like the one i am writing in, it is based on a conventional model, and airbus. it has been heavily modified so it can be used by the next generation of crack aviators at britain's empire test pilot school. this cockpit is basically a classroom. it is where future generations of elite test pilot can learn notjust how to analyse how the aircraft lies, but the way its electronics work, because electronic systems are an increasingly important part of the aviation industry today. turning an ordinary helicopter into a high—tech training machine is not a simple process. the work is carried out here at airbus helicopters uk headquarters, were designers are used to mak

rank of england governor mark carney said on friday that the chances of a no deal brexit we re that the of a no deal brexit were uncomfortably high. 0n that the chances of a no deal brexit were uncomfortably high. on sunday, international trade secretary liam fox put the odds at not much more than 60— 40. in a few hours from now, this company, swedish furniture giant ikea, will open its first ever store in india. the mega— retailer plus dining outlet will occupy 400,000 square feet or about 30 acres of space. now, if those numbers boggle your mind, it is about the size of the windsor castle property. the store took years to launch and while india is of course a huge market, will build it yourself concept of ikea take off there? our correspondent met with ikea's global chief before the store's open. now, when you buy something from ikea, whether it is a table or chair, it comes to you in the saint flatpack, so you take out the parts and assemble it yourself. that is not something indians are used to. because of the availability of cheap labour here, you usually have workmen and carpenter