caroline. caroline: thank you very much indeed. back to the banking scene, because credit suisse has beaten estimates hosting a second-quarter profit after analysts had forecast a loss at it is a first positive result since tidjane thiam set out to reinvent the swiss bank. he spoke to francine lacqua about the capital gains a swiss >> we have been very consistent in saying that we do not need to raise capital it we have been clear. we raised 6 billion. we have the highest -- we have ever had. we showed that we can prove many levels to drop back forward. we said we could do about a billion of disposals. so, look, you never want to be reasonable --n a outcomes. francine: the swiss unit ipo, this will the according to plan in the second half of 2017? >> we never wanted to be that precise. it is a deep strategic move. we -- we think it is a crown jewel. 453 million in profit. do is to get the market to fully recognize assets which is a very good bank in the wealthiest economy in the world. it is a powerful at po which rethinks -- which

i'm manus cranny alongside caroline hyde in berlin. caroline, good morning. asian stocks soar. european markets higher after a strong jobs report aegis concerns. the japanese prime minister promises broader, boulder economic measures after a decisive victory in the upper house election. and osborne hits wall street. the u.k. chancellor heads to new york, aimed at shoring up confidence in the u.k. as economists think the bank of england governor could act as soon as this week. caroline is in berlin. this is "on the move." not "countdown." i'm catching up with myself. it is too much for me. futures up in london. harris indicated up 1.7%. this is a brisk march higher in the markets. what you saw there was a nice, strong reading. the world is asking itself, where are we? london, paris, frankfurt, the next indicated stronger as well. we have stronger market. citigroup are bullish on commodities for 2017. caroline? caroline: that march higher in futures being brought over from asian trading. we have seen significant gains on the msci asia-pacific. it has been a cracker of a day in ja

caroline.which of banks profits have almost been -- deutsche bank's profits have almost been wiped out. the german bank reported income of 18 million euros. that is down from 17.96 million euros from a year earlier and is lost half of its market value over the last year. is michael moore. onlying to be expectations just -- it is a wide range of forecasts where we can see deutsche bank come in. the trading revenue has collapsed. ? when there was volatility in the market helping the other companies out there? michael: more -- michael: the ..s. banks posting gains at third of its up was caused by them pulling out of certain businesses or getting out of some of the securitized businesses to try getting capital boost. another piece that may have been -- they talk about clients being spooked by all of the talk of deutsche bank being in trouble. people questioning deutsche's financial strengths and their capital levels. having so much talk about the bank and its issues seemed to force clients to take

caroline: -- caroline, take it away. caroline: m&a taking charge.g tied up i some rivals. -- being eyed up by some rivals. ericsson up on the back of waving farewell to its cheese -- to its chief executive. the own about 40% of the voting rights in and. ericsson.rights in ericsson up 5% as he hands over the reins for the short-term to the new ceo of and we'll see who takes the lead in the full-term. ryanair up six percentage points. this rallying, managing not to have an immediate profit warning. they warned of a buffet warning in the future saying lower risks for the fiscal 2017 profit amid weakening travel demands. overall, further that climbs could lead -- further fair climbs could lead -- investors were happy that for now they stuck to their forecast. manus: that is it, caroline. hang in there. what will they do with their capacity echoed these are some the questions that we put to the cfo of lufthansa. cook's we have -- >> we have three domestic groups in the u.k.. if the u.k. were to have a full exit, then we would have to make -- which was a

caroline has the morning brief. caroline: i do, indeed.elcoming you to "on the move," where we will be getting into top headlines. a bad start for big oil. ep kicks off the 45% fall in profit. banking blues. commerzbank drops by a third, the tier one ratio eroded by risk. and democrats descend on philadelphia while the fomc convenes in d.c.. sanders call for solidarity amidst a splintered party. the question before investors -- how will politics affect policy for the fed? if we are going to be digging into some of the futures markets at the moment, we are looking for an eking out of the green. the stoxx 50 currently trading up. let's have a look at how the weei function is looking. we're up 1/10 of 1% at the ftse. how will bp play into that? how will sab miller play into it? we're seeing the cac 40 open pretty flat. we are waiting for the dax to open. all eyes are on commerzbank, on deutsche bank, after those prerelease numbers. manus: yeah. that is certainly going to be the driver. london is one of the few markets eking out a win. the mon

caroline: thank you.ow looking to asia, equities trading on singapore's exchange remain extended after it missed a self-imposed target. for more, let's get the details from haslinda amin. what is behind this? it has been frustrating. we know very little. whenng has been said about trading will resume. the exchange said it would be 2:00 p.m., 40 minutes ago. then it came back, saying that will not happen. what we've been told is that the old was caused by duplicated trade confirmation messages. during suspension, orders can be put in. they can be taken out. they can be amended. but they will be matched only when the market reopens. this is the second time in a year there's been a malfunction the system at the singapore exchange. the last time was in august. the technical fault resulting in almost two hours of disruption. guy: thank you very much indeed, haslinda amin talking about singapore. t happy. philadelphia fed president patrick carter says the u.s. economy shouldn't sustain much damage from the brex

caroline? caroline: thank you. coming up on the show, ubs beats, but ceo sergio ermotti says client activity remains conservative. then, a deal in disarray. sterling's fall leaves some investors unsatisfied. mega merger. we speak to one among them. conversation with the incoming ceo of man group. this is bloomberg. ♪ anna: welcome back. this is "on the move." you are looking at live shots from the bank of japan, governor kuroda speaking there. he says negative rates are having a positive effect on the economy. he doesn't think that bond purchases have come to their limit. reiterating again and again, we're not at the limits of negative rates and quantitative easing. the yen hovers around 103. let's get the bloomberg business flash. here's david ingles. david: let's keep things in tokyo, where shares of nomura surged after it reported better-than-expected first-quarter profit. net income was three times more than what analysts expected last letter. the brokerage also announcing plans to buy back more shares. 31% to

caroline: indeed, guy.ation, vowing to put american security, strength, and jobs first. he says he alone can fix the system, but he can't even convinced the american people. brexit backlash. mark carney says the global financial system has been resilient, but what does business think? we break down the latest earnings to find out. and ready, willing, and able. i determined draghi reaffirms the commitment to whatever it takes to stop short of action. e what is the next step for the ecb? on the back of that, the market is currently singling a down day, guy. let's talk about what those markets are doing as we head into the open. we think we will see a fairly mixed start, but a mildly positive one. european equity markets are trying to make up their minds, as to which direction they are going to go in. we just had french pmi data, 48.6. these services sector, 50.3. survey of 49.5 last time. france, exactly 50. this, as the ftse is down by .1% y positiveta is fairl for the french economy, certainly more positive

caroline: how british. guy: if anglo merkel doesn't want anything detailed, what are we looking for? i think she will probably be trying to establish some kind of working relationship. favors -- lot that that argues in favor of them having a close personal relationship. that will be key through the negotiations ahead. won't dive into nitty-gritty, they are talking about common challenges, terrorism, migration, all the rest. caroline:caroline: brexit is kind of the dominant elephant in the room, which they can't talk about, but what they should talk about. alan talks about the similarities the women share. how important is that relationship going to be? this is pivotal. this is the relationship that is going to define what the story looks like. emma: absolutely. that is why she is going their first and going herself, not sending boris johnson or david davis. caroline: give us a sense of how much this actually means, a statement of power from germany really. is that what is being assumed by the eu and german

caroline has a brief. caroline: i do.nipers are shot 11 police officers, killing four at a protest in dallas. the demonstration was being held over the fatal police shootings of two black men. the markets remain mixed as you can political chaos gain some clarity. so data dependent. it's john's day in the usa, but can any number convinced the fomc to hike? is a down day otherwise in futures. guy: don't waste your friday lunch; you can do better things with it. let's talk about where we are expecting markets to open. the cash open, let's find out what's happening. we saw the equity markets selling and the close yesterday. you can see a quite clearly on my screen. here it comes, any second now. and what we are starting to see is the negativity we saw on the back end of yesterday continuing. as you can see, the market makers are getting the prices out there, a little bit of a softening up, the cac moving lower. london is expected to be weaker. we're seeing a little bit of weakness creeping into the equity market, a rally yest

caroline has your morning brief. caroline: turmoil in turkey.onsolidates power after a coup sales to bring him down. where does turkey's political athlete? investors on edge. the lira strengthens. credit default swaps jump. how will the crushed uprising impact investor sentiment? arm and a leg. softbank pays $32 billion for arm holdings. is this a big bet on the internet of things are taking advantage of the pound on the back foot? guy: futures definitely higher. arm going to be a feature of today's market session. this is the european open. let's see how things open up. london could expect some arm benefits. definitely some strong-arm coming through here. move ajust beginning to little bit, there we go. negative from london. the futures definitely pointed to a positive start. we are waiting to see arm open. i think that is going to be the critical factor. let's see which way we are going to go on this. initially, the market reaction for the ftse is negative. that is the white line. we are trading down 0.2%. let's see how arm opened. it is going

i am alongside caroline hyde. the start of european trading. caroline has your morning break.ine: a date with downing street. theresa may will become that u.k.'s next prime minister. who will she choose to lead the exit from the eu? the yen rallies as the chief cap that secretary says tokyo is not preparing for helicopter money. the boj has to deliver even more stimulus before they meet on the 29th. the search for yield is creating crazy conditions. pimco is loading up on treasuries. guy: where do we think futures are going to be picking up this morning. it looks like we are going to see a story. the pound a big factor in all of this. let's see how these european markets open up. is actually going down. the footsie is now down. we will see what they do as well. massively outperformed the footsie yesterday. the market rate is the sending. the ftse 100 south. let's see what we are going to get from the other continental markets. dax dropping as well. let's take you through some of the stocks. >> we saw a real rally in asia. in a golden cross. in europe, it looks like it is read

we've been listening to caroline. i love your notes, patience, patience, that is the message from hsbc. >> we don't expect much today. draghi has been saying we put a lot of stimulus in place in march. we need to see how this plays out. we had some positive results from the bank lending survey, but not much change compared to what we have seen. demand is lacking for fixed investment. the ecb will wait to see morning a, but we have to keep in mind that the ecb is heavily constrained. even in september, we expect , but we ecb will extend don't expect they will be able to expand the qe from the current 18 million per month. manus: the yield curve, in the green is germany, at the very bottom, you see movements go through. the red line is -0.4%. we've got german bonds below the line all the way out to six years, followed by the white line which is france, and italy. this is about possibly having to extend the duration. they are going to run into a wall in terms of what is available. >> that is the key dilemma of seamy. --

caroline? caroline: thank you very much indeed. bring you all the news coming up. angela merkel will be speaking from poland. we'll be talking about italian lenders now. how much it has fallen year to date. it is now down to less than a quarter of its value from the start of this year. talks between italy and the european commission to recapitalize the nation's struggling banks have reached a sticking point according to eople familiar are the matter. the smufe higher. get in on my screen at the moment. every single bank is in the green as we speak at the moment. every lender trading higher. the italian lenders leading the harge. the italian banks are starting to surge but not one single bank is in the red this morning. fascinating moves you're seeing on the banking sector. let's dig into more what's happening in italy. john joins us now with details. remind us of where the talks are about the recapitalization of the banking sector. john: yes, well, the pressure is on of course with the declines in shares that you mention and we hav

caroline hyde is in frankfurt.loomberg. ♪ hey how's it going, hotcakes? hotcakes. this place has hotcakes. so why aren't they selling like hotcakes? with comcast business internet and wifi pro, they could be. just add a customized message to your wifi pro splash page and you'll reach your customers where their eyes are already - on their devices. order up. it's more than just wifi, it can help grow your business. you don't see that every day. introducing wifi pro, wifi that helps grow your business. comcast business. built for business. guy: welcome back. you are watching "on the move." the day is quite interesting in terms of some of the corporate action we can see. we can see the rest of the european space is looking a little bit positive, but not by much. the mercedes numbers did not look right this time around. so, daimler is trading up, 1.55% lufthansa is being hit, down by 6.26%. the governing is morning about what is happening on the north atlantic long haul. i can't tell whether he was optimistic, fortis ve

david: thanks caroline. let's you started with the imf, because they are earning china to deal with its corporate debt problem. manageable.cute but [indiscernible] a former bank of japan executive director says the boj will need to reduce the pay for the record that purchases. he says central bank is aware of this. they should start reducing the pay for the bond buying in the near future. tooda says he will expand reach his inflation target. u.s. investment bank -- the workforce is the right size after thousands of job cuts in with recent years. -- job cuts in recent years. he spoke exclusively to nejra cehic. >> at this point in time, i think we are exactly where we should be to face the environment we have, to face the regulation we have, to face the forces we have. now at this point in time, our challenge is to execute correctly what we have in front of us. i think the firm is very much focused on doing that. baileylaries christopher -- burberry's christopher bailey -- despite the bexar result not being t

juliette: caroline, thank you. turkey's bank will slow the pace of interest rate cuts and it meets today. today. when it meets as selloff in the lira and sovereign debt. the expectation is for a quarter-point cut instead of the 50 basis points. in a rare public stage, donald says herife melania husband is tough when he has to be. appears to have taken inspiration from a surprising source, michelle obama. in response to claims that his speech strongly echoed the own latest -- the first lady's own words, the trump campaign has issued a statement. -- ays reelecteds newly prime minister have been sworn in by the governor general. turnbull reshuffled his team after this month's narrow election when. global news, 24 hours a day, powered by 2600 journalists in more than 120 countries. bloomberg. guy. guy: juliette, thank you very much. theresa may will chair the first meeting of her cabinet. simple.ctive is don't let this administration be defined by brexit. in a statement, she said it will be the responsibility of everyo

haidi: thanks, caroline. the central bank has upheld in conclusive general election and fallout in britain quitting the european union. glenn stevens and his board left 1.75%.sh rate at a. the bank says it sees inflation remaining quite low for quite some time. the uk's ruling conservative party will ballot its mps today as five contenders are hoping to succeed david cameron as party leader and prime minister. theresa may has secured most endorsements and is also the bookie favorite, but energy busines the energy minister haso gained the backing of boris johnson. sayseo of the oil trader -- speaking explicitly to r saiderg, ian taylo slowing demand and efficient refinery practices are to blame. it to be a little bit higher, assuming demand continues to increase, which i think it will, maybe a slightly we willte, but i think be in the high 50's or early 60's. but i always give this a health warning, you know that. ryan: that would be at the end of next year. you see $60 oil? >> at the end of 2017? i could see

this is bloomberg. ♪ mark: let's get the bf with caroline hyde. caroline: b.n.p.as posted results that were little changed. net income came in at 2.5 6 billion euros, up from a year earlier. lloyds will eliminate an additional 3000 jobs and a further 400 million pounds in annual expenses as the uk's largest mortgage lender attempts to 4.1 6off -- it felt billion pounds. avoided second quarter profits that beat theyst estimates, thanks to galaxy s seven smartphone. the biggest beneficiary of sluggish iphone 6 sales. mark: shares -- shell's shares slumping. bloomberg's ryan chilcote is here to break it down for us. ryan: oil profits have fallen prices.falling off oil there was no surprise it was decline. the problem that she'll was their production fell as well. they produced 120,000 barrels less than the market anticipated . that doesn't sound like a lot when you're producing a few million barrels. at $50 a barrel, that adds up to $6 million a day, over a 90 day period. that explains have to loss. they do not produce the oil. arco the focus is on downstream and bp

caroline: i do.ricane brexit hits the market; risk sentiment slashes global yield in sterling ducks below $1.30 -- how do investors weather the storm? none are stared. italy banks, while investors flee u.k. property funds. where did the biggest risks life? yday.ad support thrown behind theresa may -- has she sealed a job for the top job in britain? and mario draghi about to speak at the ecb statistics conference here in germany. we are monitoring on the headlines throughout the morning. guy: we certainly well. thing butst exciting futures are pointing to a negative start, the ftse likely to perform better. up and it is opening can bring you what we are looking at here -- this is the lower,ac sharply all kicking lower by around 1/10 see% and we will wait and -- we are expecting a similar picture in germany. let's get the details and find out what happens with nejra cehic. looking've got the imap into the industry group for the stoxx 600 and how they are performing. financials are the worst performers

caroline: you're right.he asset classes, largely because the ecb has been buying bonds, keeping yields lower. i think that is one key heading, that the unknown consequences from brexit have pushed yields further into negative territory. the problem is the ecb is trying to buy bonds to stimulate the economy; they have to get their hands on 80 billion euros worth per month. but now 65% of german sovereign below the deposit floor of the ecb. that bars the ecb from buying them. do key issue is how on earth they keep getting their hands on 80 billion euros worth of debt, when a lot of it is ineligible? will we tweak that? will we hear mario draghi talking about expanding eligibility? a second key headache, this is a knock to eurozone growth. we know many have had to ring back their growth forecast for the rest of the eurozone; italy shining a light on the banking crisis, and we are seeing lending not picking up at the full extent that would have been wanted, and inflation so far off the 2% target. -- key headache

caroline connan joining us., we are going to talk japanese bond yields. ♪ mark: this is "bloomberg markets : the european clothes." this is the new york east river. fireworks will light up the sky for the independence day in the u.s. live in london, i am mark are in. u.s. markets closed for that holiday. forcest brexit scramble the japanese bond market to fresh lows. here is bloomberg's fx strategist richard jones. the bond yields keep ticking lower. richard: i think we have a lot of easing priced into a lot of these markets. if we look at our market in the u.k., i think we have white a 35 basis points expected in a rate cut. and given where 10 year gilt yields are, we are probably in for more qe. there is a lot priced in. mark: a rate cut comes when and unique comes when -- and qe comes when? richard: i suspect july and august. and qe, sometime in the next six months. mark: do rates go below zero or not? bank rate suspect will initially not go below zero. governor carney is not a big fan of gut -- of negative r

caroline: a cruel twist of fate. sense of the presidents viewpoint -- of the president's viewpoint. this is the third major attack. he is not a popular president but these kinds of events do bring out the best in him. he has a measured manner. he is firm but he always seems to find the right words. attacks, weevious always said that that is the it will dropt and in the polls. it did not seem to have that much of an impact on his popularity. it is linked to the economic issues. linked to a sense of a lack of authority on economic issues and his inability to create jobs. these attacks have not moved the meter much. guy: thank you very much indeed. inerage of the incident france from last night will continue. ♪ truck84 dead in nice as a plows into a crowd celebrating bastille day. anddriver has been identiate oy calls up reserves as the country grapples with its third major attack in 18 months. he is holding an emergency summit right now. united against terrorism, the e.u. president voices support for france in the wake

caroline: thank you very much indeed. i know you've been showing a glorious chart of the significant spike in the japanese yen. on my bloomberg, i'm showing you have the again is compared to the rest of the fx market. all the major currencies. it is the performer. have a look on my screen. we are up about 1.7%. significant outlier compared to the aussie dollar. it really is the performer. the bank of japan expands one of its three monetary stimulus that tohe etf. upping

let's get to caroline hyde.e: bernie sanders has told the democratic convention that hillary clinton must he come the next u.s. president. it came after his plea for protesters to avoid the floor. >> what i admire most about hillary is that she never buckles under pressure. she never takes the easy way out. and hillary clinton has never quit on anything in her life. observer willve conclude that based on her ideas and her leadership, hillary clinton must become the next president of the united states. armed with aan knife who killed at least 19 people in their sleep and injured others at a facility for disabled people in tokyo according to the new agency. nhk says the 26-year-old man is under arrest but a motive has not been established. police told the nhk that the man used to work at the facility. britain needs a new financial inchdog to punish wrongdoing order to gain confidence according to the u.k. treasury committee. separately toate prevent a repeat of the "inadequate response" to the collapse in 2008. gl

this get to the adf with caroline hyde. -- with the bloomberg business flash with caroline hyde.line: acquired by japan's since second-quarter sales increased below analyst estimates. on which is the market leader in chips says it signed 25 new licensing agreements since the quarter. the company plans to raise its dividend by 20%. unicredit is said to be considering a 5 billion euros stock sale in selling its entire stake in poland in order to raise capital. the bank is also said to be considering the sale of a large share of its bad loan -- and literally. air france klm group says the market is deteriorating since fares fall and terrorism impacts. analysts had forecast 6.5 6 billion. an exclusive interview with bloomberg, the cfo outlined risks to brexit. cooks we have -- >> we have seen in the u.k. because we are directly correlated to the gdp. [indiscernible] on top of that, [indiscernible] what is going to happen. we believe that people are rational. people in the u.k. are rational and they should come to an agreement. francine. francine: consulting and technology group has r

caroline: are there any regions you want to focus on at the moment?as you feel -- we haven't discussed the chinese, for example. >> we do not do that yet. but that one is not -- even now quite a number of people are learning chinese in terms of in the world, learning chinese is not a big like learning english. the big one is learning english for chinese speakers. we have an app for that. concentrate right now, our biggest market of the u.s. and latin america. then europe, this is why i'm in berlin. we are trying to grow more in europe. about 30% of our traffic is in europe. we feel like it should be more about 40%. caroline: are you optimistic about the growth potential in europe at the moment? the u.k.king about exiting from the eu and the economic situation at the moment. are there any concerns that you have? luis: i am optimistic about people learning languages in the u.k. we saw people learning other languages over the last couple of weeks. needoptimistic about the to learn languages. there are so many country speaking different languages close to

caroline, what is the latest we know? terrorists war with who want to strike at us at any price, in the words of your president. caroline: even though we don't know whether the truck driver had any accomplices, if he was a a alone wolf, even though there hasn't in claims from the islamic state, the president is qualifying this attack as a terrorist attack. he said the terrorist nature of the event cannot be denied. it does look like a prepared action. we know this big truck, a big white loriy, was rented. it shows there was some preparation of the actions. the leaders around the world are reacting to the attack. the president of burma said, i termsn in the strongest what appears to be a terrorist attack. we stand in solidarity with france. people onousands of the promenade. the english promenade, as we call it. we are in the middle the holiday season. not only you had the french locals who were on a bank holiday, enjoying me fireworks but a lot of tourists. there could be a lot of children among the dead because you see i

delicious. >> marie-caroline: amazing meal?ings in senegal today? >> man: how are things? what kind of things? >> anthony: is the environment good for business in senegal now? is it getting better? i mean, there seems to be a lot of money coming in in dakar. you see buildings going up, somebody's building. >> marie-caroline: they key thing for me will be the development of, uh, businesses and because when you look at all these young people in saint-louis and there is no companies to employ them. let the young people take a big part of the power, which is not in our tradition, but we need the young people to be, to be strong. >> anthony: if you could compare yourself to someplace else in, in another major city in the world, the new york of west africa? >> man: the hong kong of west africa. >> anthony: ah, oh, ouch. [ laughter ] yeah, you're, you're right. ♪ [singing] ♪ [ applause ] guitar playing ] ugh. heartburn. sorry ma'am. no burning here. try new alka-seltzer heartburn relief gummies. they work fast and don't taste chalky.

this get to bloomberg first word news with caroline hyde. caroline: welcome back, francine.inance chiefs from the world's biggest economies escalating concern about sentiment. a meeting in china, members of the g-20 discussed renewed efforts to use this go -- christine lagarde said there was a consensus that more news to be done for shares to benefit from growth. bruised 10omber has people at a music festival in germany. the attacker was a syrian refugee had been denied asylum. he was allowed to stand the country because of the danger of returning home. an 18-year-old iranian german gunmen -- verizon is set to buy yahoo!'s core assets for $4.8 billion. the announcement could become before trading begins today in new york. the deal is said to include yahoos real estate assets with some intellectual properties to be sold separately. yahoo! will continue to hold stakes in alibaba and yahoo! japan. uk prime minister theresa may to discuss-- preparations for leaving the european union. britain's only land frontier with another immune country. it follows chips to scotland and wale

emily: that was luis with caroline hyde in berlin.up, amazon's biggest sales they ever this week, but shares fell in the data followed. what is the takeaway for investors? this is bloomberg. ♪ emily: now to amazon prime day. the company says worldwide orders climbed more than 60% over last year. a hot seller, the video streaming fire tv stick, the best amazon gadget that helped amazon for both last year's prime day sales. our bloomberg editor cory johnson joined us to break down all the numbers. >> i think the results were generally in line with expectations. 60% unit growth, and growth for third part sales. they give you these puzzles, never the numbers. a year ago, it was 400 million approximately, so that was roughly in line at least with our expectations. the stock has been running up. expectations were already there. the fact that it would only half a percent tells you it was what was expected. i suspect some of it has to do with the third-party access. they could see a lot of the traffic because some of it is captured at amazon

caroline: exactly. this was the same, the same last earnings season and this earnings season, if you make it work with cloud computing you generally are a winner in the technology space. we just saw yesterday. big blue ibm also showing growth in cloud computing. and microsoft too rosen after our trading, being pulled about, showing once again that shifting productivity to the workspace, and notably the cloud, is really paying off. have a look at my screen and we can dig into the actual numbers of microsoft. we saw sales rise better than expected, $22.6 billion for the fourth quarter sales, that was more than expected, up from 2%. we will see real ramp up in revenue next year. you will see some 3% growth in the following 2017, and 6% growth in 2018. you may feel this is a story that is going to continue to improve. microsoft notably showing stocks increase. this is the cloud business doubling, more than 100% growth in that space. the pc market doing better than expected. that is what they are shooting aw

>> caroline: uh, yeah -- everyone that doesn't already know. >> thomas: steffy? granddad?t's not gonna be an easy conversation. >> caroline: how do you think everyone will react? >> thomas: that just depends on what dad says. >> caroline: i think he's just gonna be honest...

caroline: 20 million people. carol: what do the folks of vermont say? caroline: they are shocked.nk it is hard to believe this is happening. on the other hand call says he has 150 engineers working on plans. they are not at all happy about this. the fact that he has spent nearly $5 million scooping up more land in central park -- more land than is in central park scares people. david: hillary clinton's army of door-to-door canvassers. will they convinced that we trump voters to switch sides. ? carol: shifting in a major way to adapt for climate change. ♪ [hip hop beat] ♪olympics 2016, let me get you on my level. ♪ so you never miss a moment, ♪ ♪miss a minute, miss a medal. ♪ ♪ why settle when you can have it all? ♪ ♪soccer to wrestling. track and field to basketball. ♪ fencing to cycling. diving to balance beam. ♪ ♪all you have to sa♪ ♪ is, "show me," and boom it's on the screen♪ ♪ from the bottom of the mat, ♪ ♪ to the couch where you at? ♪ ♪ show me the latest medal count♪ ♪xfinity's where it's at. ♪ welcome to it all. comcast nbcuniversal is proud to bring you coverage of the r

let's get the bloomberg first word news with caroline hyde. caroline: francine, thank you.y clinton says america is at a moment of reckoning and belittles donald trump's claim that he alone can solve the nation's problems, accepting the democratic nomination for president. clinton says the u.s. can advance only when each segment of society and members from every group work together. ms. clinton: i will be a president for democrats, republicans, independents, the struggling, the striving, the successful, all those who vote for me, and all those who don't, for all americans together. caroline: googles parent company has beaten a sales and earnings estimate thanks to the ad business bringing more money from a swelling mobile user base and cost control. the firm is investing in new areas from cars to health care as it looks for the next big thing to replace its aging but i recoverable -- but highly profitable business. amazon beat analyst estimates. shares rose in extended trading as the firm forecast third-quarter sales that may also beat estimates. global news 24 hours a day

just two weeks ago, a nine-year-old girl named caroline was having a carefree texas summer.wimming in the pool, playing with friends, doing all the things a happy child might do. like most children, she relied upon the love she received from her mom, heidi. sergeantad, a police named michael smith. that is, until he became one of the five police officers gunned down in dallas. the day her father was murdered, caroline gave him a hug and a kiss as he left for work but as they parted, her dad asked her something he is not asked before. timeif this is the last you ever kiss or hug me? later, as she thought of her fallen father, and that last heartbreaking hug, caroline broke down in tears. how could anything ever be ok again? michael smith was a former army ranger who spent three decades with the dallas police department. idea who he voted for in the last election. or what he thought about this one. but his life was a testament to devotion. [applause] he protected the very protesters who mocked him because he loved his country and his fellow man. his work gave new meaning to th

caroline: i optimistic about people wanting to learn languages..k., we saw an uptick of people learning languages in the last couple of weeks, so i am optimistic. particularly the u.k., there are so many different countries speaking different languages close to each other. it is different. compared to the united states, in the united states, learning a language is quite a hobby, where people here need it for work. caroline: what about talent? it is an ongoing scarce resource when building technology. have you managed to find the best coders to work for you? luis: it has worked out pretty well. the fact that we are a mission driven company, that helped us quite a bit. we are able to get better talent that if we did not have permission -- than if we do not have the mission. one of the problems we have had is the visa. we have not been able to get people bple visas. caroline: is that something you would call on the next candidate? when we present the dual lingle to president obama recently, i think usually, this is one of those things that most polit

caroline hyde now joins us with a look at the market. caroline: thank you very much.d morning to you. and indeed, i wanted to take you straight away to the world currency rank. this shows the picture of what is happening in investors' minds this morning. checkup out the fact we have money moving into the havens. that is the yen, and we are up .25%. the yen is the only key major currency that is driving higher today. on the flipside, look a much of the new zealand dollar is humbling at the moment. the aussi dollar is drowning, down .9%. the reason? the ongoing speculation that both of these central banks could inject further stimulus, could be cutting rates still further. australia in particular, concerns about the job market. let's look at new zealand a little more because it is the worst performing currency in the past five days. blueline.ently in the and the white line is the new zealand dollar versus the u.s. dollar. they are trying to curb back on the housing market. you need a 40% deposit now if you want to purchase a house in new zealand. does that open the door

caroline, young women today -- [inaudible conversations] >> hang on. women today don't feel like they have the limitations so how did she breakthrough the young women because she's going to need them if she wins this thing. >> absolutely, she is winning them, seven out of ten. young women do not prioritize feminism is because of hillary clinton who have brought about the changes and we still have a very long way to go. you're praising the fact that we have 4% female ceos of fortune 500 companies, there's a long way -- trish: there's a lot of reasons for that, for sure. women are faced with serious choices once they have a family, you know, this explains some of the gender gap. donald trump's daughter articulated quite well the other night that women are faced with serious decisions and it's more challenging, frankly, to be a working women and to climb that career ladder when you have a family to take care of, sarah. >> ivanka trump did a great job at the republican convention. she almost played the role of first lady in the speech. i think hillary clin

caroline: all the time in the world? dr.ombret: all the time of the world to do it the next two years. but we have to take time. you don't take -- you don't shift premises just like that. you have to take the time and do that. and we have quite some negotiation time ahead of us. and there is no rush to do anything right now. caroline: andreas dombret wonderful to have you. he feels there is all the time in the world without switching to fast before banks relocate. scarlet: thank you so much. as we mentioned, a historic day here in the united kingdom. coming up, david cameron meeting with the queen right now. we will continue to follow the headlines. we know that he will be speaking with the queen about 15 minutes with the conversation, where he will tender his resignation and he will recommend theresa may as his successor an entry summit will make her way to buckingham palace, where she will be confirmed as the 54th prime minister of the united kingdom. this is bloomberg. ♪ shery: this is bloomberg markets. a historic day in

i immediately looked at caroline and said, caroline, now, god did that. that's what god does. >> smith joined the dallas police department in 1989. a viewing was held where fellow officers had a chance to pay their respects and salute their fallen comrade. a public service is planned for tomorrow. sara sidner joins us live from dallas headquarters. if you look behind her, it's obvious the tribute to those officers, the memorial, so to speak, is growing and growing. it looks remarkable behind you, sarah. take me there and tell me what's happening? >> ashleigh, every single day it grows. they have police from michigan, messages to the family saying we are with you. we are with you for the fallen officers. they have messages to them as well. there are paintings and teddy bears. take a look at this painting. almost a ghostly presence that someone has painted there. that is the city of dallas skyline with five people representing the five officers who lost their lives. right next to it, you see the teddy bears with the last names of each of the officers who di

the day her father was murdered, caroline gave him a hug and a kiss as he left for work. but as they parted, her dad asked her something he hadn't asked before. what if this is the last time you ever kiss or hug me? later, as she thought of her fallen father and that last heartbreaking hug, caroline broke down in tears. how could anything ever be okay again? michael smith was a former army ranger who spent three decades with the dallas police department. i have no idea who he voted for in the last election or what he thought about this one. but his life was a testament to devotion. [ applause ] he protected the very protesters who mocked him because he loved his country and his fellow man. his work gave new meaning to that line from literature, to die of love is to live by it. [ applause ] as i thought about what i wanted to say tonight, michael smith's story weighed on my heart. maybe that's because his daughter caroline is about the same age as my eldest daughter, and happens to share the same name. maybe it's because i saw a video of that dear, sweet child, choking bac

caroline: give us a sense about the rising debt load for bp. numbers are not living up to expectations. is there worry about the credit side of the equation? not anhere is

caroline connan caught up with the french finance minister to ask him about his reaction. for a lot of financial players and institutions, brexit will be a big question mark. on the access to your pm exports. it would depend on the organization of brexit. our role is not to play on these arertainties, because we collectively responsible. what we have to do is respect the vote of the brits and organize brexit. it could be an opportunity for financial plays, because we have a lot of financial players and financial institutions. we can welcome a lot of

just two weeks ago, a 9-year-old girl named caroline was having a carefree texas summer, swimming in pool, playing with friends, doing all the things a happy child might do. like most children, she relied upon the love that she received from her mom, heidi, and her dad, a police sergeant named michael smith. that is, until he became one of the five police officers gunned down in dallas. the day her father was murdered, caroline gave him a hug and a kiss as he left for work, but as they parted, her dad asked her something he hadn't asked before. what if this is the last time you ever kiss or hug me? later, as she thought of her fallen father and that last heartbreaking hug, caroline broke down in tears. how could anything ever be okay again? michael smith was a former army ranger who spent three decades with the dallas police department. i have no idea who he voted for in the last election or what he thought about this one. but his life was a testament to devotion. [ applause ] >> he protected the very protesters who mocked him, because he loved his country and his fellow man. his wor

brings caroline hyde joins us live.eral manager of the banking association here in germany. thank you so much for joining us. are we going to see more bankers moving here? >> we hope this will be the final result, but we do not think there is a clear winner or clear loser. we of course regret the decision of the english and the u.k. we think another decision would've been much better, but now we try to make the best of it, but there is currently uncertainty and all these phases and projects. we have to wait and see how this is going on, but i expect improvement for frankfurt and maybe they get more work in places. frankfurt is prepared on that. caroline: in terms of unforeseen consequences like uncertainty seems toentioning, it be slightly unfolding in italy in terms of the banking situation there. is it systemic? are you worried about the german banks? michael: absolutely not. i think this is not a systemic issue. it's an issue located in italy and has to be solved in italy. we have european regulations, which have mad

.: thank you so much, caroline. continuing our team coverage, we will turn to the site of the attacks in nice on the french riviera. phil serafina, our business reporter was in holiday -- on holiday in nice when the attack happened. set the scene for us. phil: we came down yesterday to visit friends and we were planning to attend the nice jazz festival. it was supposed to begin tomorrow. in the end, we were having dinner with our friends and decided not to have -- attend the fireworks. only after the attack happened did we realize what was going on. we went down to the promenade and it was a terrible sight. police and military personnel everywhere. heavily armed, right gear. we have seen it in france several times over the past couple of years. the city was very much on lockdown. milling about,ts wondering what was going on. david w.: give us a sense of the geography. seaside,ight along the where the promenade des anglais is. how long did the truck drive through the crowd? phil: you know, it was quite a length. this

thank you, caroline. >>> as caroline mentioned, bernie sanders supports continued to protest.housands of them took to the streets of fill philadelphia -- philadelphia last night. many supporters still think that their candidate should have been the nominee. >> reporter: the roll call included an emotional moment between his brother larry sanders and bernie. >> larry sanders is a member of the political green piece party in the united kingdom. >>> and republican nominee, donald trump will take part in a question and answer on reddit. president obama also used reddit when he campaigned in 2012. our political coverage continues. >>> new development in the freddie gray case. the decision from prosecutors in that case against baltimore officers. three of the six officers have already been acquitted related to any charges in the freddie gray death. >>> a mother's attempt to both discipline and embarrass her daughter goes viral. what the two are saying about this incident after millions and millions of people have seen the video. >>> we are looking at a commute that is beginning, fin

. >> caroline: oh!> wyatt: yeah, i'm building a whole social-media platform around my beautiful wife. >> caroline: uh, details, please. >> wyatt: spencer publications needs more brand identification with the younger demographic. so we're going in your face. all about the lifestyle. steffy's heading it up. we're gonna be active on all outlets. >> katie: huh. that's a-a good idea. was it yours? >> wyatt: yeah. i mean, you know,

is allowed to conduct checks on the french side. >> caroline connor -- caroline connan in paris.erspective on investing in britain after the brexit vote, a chief investment strategist joins us. brexit talked about before on bloomberg radio. given that of elements we've seen over the past week, have you changed your view at all? >> not really. the uncertainty which is just starting, the u.k. governments reluctance to trickle -- trigger article 50, and you can see the difference between german and french. the european union cannot force britain to trigger article 50. fact, it is helpful that both parties sit down and reassess the situation before they dive into it. obviously a swiss private bank, what are you doing with your clients money and what are you telling them to do? >> i think for us this is more than brexit. negative interest rates is a much bigger problem. it is that we will go for policy returns. in the most cases on the most secure manner. -- ofhas entrenched the and energizer, that view because it is making central banks even more cautious about policies they are depl