caroline: from london, i'm caroline hyde. of that reports after the bell today, the second faang company to report. more, we will have bloomberg opinion columnist. let's talk about alphabet. to bembers are going interesting to pick through, particularly the recommendations. you think it will ease admits concerns about netflix? >> i think so. the market is expecting an expansion of the margin. there will be attention paid to the acquisition costs. there is awith gdpr good chance they've got more traction, they've gained market share. it is the cost at which that is coming. for the that the bill behavior and that is something they are going to foot this quarter. vonnie: what do we anticipate hearing about capex? i have a chart here which shows the rising level of capex to sales? it will be interesting to see how and where they are spending that. , chipsre investing more are the most expensive part of r&d. to ensure google is the browser of choice, they pay apple, we think a few billion a use safari, the default search engine is

from bloomberg's european headquarters, i'm caroline hyde. >> and i'm vonnie quinn. european close on bloomberg markets. caroline: and here are the top stories we are covering from the bloomberg in the world. comcast surrenders. the media giant dropping its bid for fox entertainment assets, leaving the field wide open for disney. is still on the hunt. and we discuss the impact of tariffs on the economy. pacific, theion t traded railroad. and we will talk with the chairman of the house ways and means committee. but we have 30 minutes until the end of trading in europe. let's how it shaped up across europe. a sea of green, personal household goods, food,

caroline: in london, i'm caroline hyde.al committee started its meeting in couple of hours ago and before that the bank of japan tweeted its stimulus program. haruhiko kuroda committed to long-term stimulus. we are joined by richard jones. richard, start with the boj and then we will move on. the boj kept the policy variables untouched, but they did tweak some of the lingered and is sentiment. how does that change the spirit of what the boj is doing? richard: i do not think it changes it very much. when the announcement first came out, the initial headlines where that the boj was going to try to perhaps tolerate more to weigh risk in the market by widening their tolerance bands around their zero bucket for 10 year yields. the thing that took hold and what really weekend -- w eakened the yields was that they announced they were downgrading their inflation forecasts for this year and next year, 2020. they also said that they would keep rates low and keep monetary accommodative for the foreseeable future, for an extended perio

i am caroline hyde. vonnie: i am vonnie quinn. this is "the european close" on bloomberg markets. the top stories we are covering from the bloomberg and around the world. president trump says the u.s. and e.u. should drop all tariffs as he prepares for a crucial meeting with jean claude juncker at the white house. tells us why ceo he is considering disbanding again, months after making big cuts. christie's rides its rockefeller auction to a top sales record. we will talk exclusively with the ceo of the auction house. right now, let's check in on how the european markets are setting up. less than 30 minutes before the close of trading and it has been a risk averse today.

. ♪ caroline: i'm caroline hyde. tesla is putting foreign investment and the electric carmaker announced plans in china. the goal is to build 500,000 vehicles a year. >> i think they will be starting fresh with producing the model three. hopefully some learnings from that but also model why. the crossovery equivalent of the model three, so it will be a cheaper crossover price below the model x. it is important for them to have the look manufacturing in china in order to have the vehicles priced more competitively. would this be primarily for vehicles for sale in china or would this be a situation where the vehicles would be shipped back to the u.s. to meet u.s. production goals? >> tesla has talked about the possibility this could be used for other markets in asia but it the primarily be served for chinese market. it does not make a lot of sense for them to build their and export here are this is more about expanding globally and having a presence overseas and closer to the markets where they need to be, especially w

caroline: i am caroline hyde.res of bp on the rise today as the company's second-quarter results beat estimates. lastly, the company announced it would by shale assets from bhp. the ceo told us that the oil market will be firmer, rather than softer, for the rest of the year. bob: when you look at the uncertainties with iran, what will it mean for the markets? venezuela is a human tragedy unfolding and it will affect the oil markets. you have outages in my be a and -- and libya in algeria from time to time, and detentions coming out of the persian gulf. the on the other side, production is keeping up. u.s. production will rise. it is a bit bottlenecked in the permian basin, so there are offsetting factors here. caroline: that was bob dudley, who also said that the robust amid for oil gave him the confidence to raise dividends for the first time in 15 quarters. vonnie: time now for our latest bloomberg business flash, a look at some of the biggest stories right now. and in the transaction in the real estate business

let's get to caroline hyde in london with more. it was quite a dramatic and remarkable day. lk us through the events. caroline: just extraordinary. in some ways, tech was involved because a lot of the arguments seem to come out via twitter, of course. trump's favorite mode of communication. he took to twitter ahead of nato saying the spending was not high enough, complaining about the trade deficits he has in the eu. the so-called tariffs and barriers to entry. he had such a twitter tirade that it sparked the other donald we have. the presidents of the european council hitting back saying the u.s. does not have and will not have a better ally than the e.u. he also has mike pompeo saying what a wonderful institution nato was on twitter. it is extraordinary. they even have the old secretary of state, john kelly, saying he has never seen anything so strange or counterproductive than what has been going on in terms of the president trump's reaction at nato. notably, really hitting aggressively at angela merkel's germany saying germany is too reliant on russian energy, russian gas

bloomberg's caroline hyde spoke with the u.k.'y of state for digital media and sport in london. mark: large technology companies from across the world not only are welcome here to invest, to expand their operations, but greatre doing so with pace. salesforce you mentioned, we have had major investment decisions from apple, google, ibm, amazon, a couple of weeks ago. further news from amazon. samsung opening their facility in cambridge. there is massive investment, i would say -- from 2016 to 2017 tech investment in the u.k., and we want to keep pushing it in that direction. caroline: what about the regulatory environment? because at some point, people leave the silicon valley -- specifically the silicon valley tech giants look at the e.u. and , worry will they be slapped with fines, they feel copyright law is going to tackle the right -- the likes of facebook and google? how much is your regulatory environment a blessing or curse? matt: we think there is an opportunity here, too. the u.k., traditionally, has a good track record of

emily: that was caroline hyde with matt hancock, u.k.f state for digital, culture, media and sport. and that does it for this edition of "best of bloomberg technology." we will bring you the latest in tech throughout the week. this week, we will get tesla's delivery numbers and this company's ongoing quest to turn a profit. tune in each day, bloomberg technology's live streaming on twitter. check us out. be sure to follow our global news network on tictoc on twitter. this is bloomberg. ♪ ♪ >> lowering some of trade tensions in china, saying it will not fire some of the first shots. beijing says they will wait to see what washington does. >> president trump renewed his attack on opec. he says the cartel is driving prices higher and prices must come down immediately. >> coal is king in australia. at $58e with total value billion australian over the next year. >>

london, i ame from caroline hyde. vonnie: from new york, i am vonnie quinn. : share sliding after results and concerns about delays in the role that avenue chips. with get to san francisco emily chang who is joined by the interim ceo of intel. emily: bob swan is also the cfo. the numbers are strong but the stock is falling precipitously, how do you explain that? >> the numbers were very strong. 15% topline growth. margins expanded by 500 basis points, earnings grew by 44%. we generated over $6 billion of cash year to date and returned over a billion dollars to shareholders. -- $8 billion to shareholders. numbers were strong for the quarter and first half of the year. as we look at the second half, we raised outlook for the full year, $2 billion on the top line and $.30 on the bottom line. building very strong momentum in the first half and in our 50th year since intel has been around , 2018 will be our third record year in a row from a financial performance perspective. we feel good about our momentum and excited about the prospects of the future. emily: inves

caroline: from bloomberg european headquarters in london, i'm caroline hyde.s finishing up the day in europe in trading in the red. down by about 2/10 of a percent on the stoxx 600. media dragging a slower as -- a slower. in oil and gas helping the ftse 100 in the u.k. in particular. oil is higher, and so is energy. and financials are down about 2.1%, despite some good early good numbers coming out -- fairly good numbers coming out. and the media sector, that was the bright a bit of red in the consumer discretionary part. down -- drowned dragged what dragged down debbie bbb -- wpb with it, --. this region's numbers not living up to expectation in terms of the second quarter. any analysts are thinking it was the analyst -- u.s. health care part of the business. notably, they are worried about the 2020 growth target. could that be pushed to one side next? a key concern. and meanwhile, iliad, one of your best performers. the swedish telecom company that disrupted france though much is now looking for new fodder in italy and it is working. they managed to lore in

i am caroline hyde. vonnie: i am vonnie quinn. this is the european close on "bloomberg markets." the top stories we are covering from the bloomberg and around the world. it's a big week for central banks with decisions from japan, the u.s., and the u.k. we will look at what it could mean for the markets. we will discuss brexit and tech earnings with neil mackinnon from the tb capital and a big deal in private equity as the sports company genius -- we will talk with the ceo, mark locke. thelet's look at how markets are performing after 30 minutes until the end of midday in europe and about a 10th of a percent, looking at the sector breakdown because that is where it is hurting in tech.

caroline: i am caroline hyde in london. this is "the european close." and trade tensions battle for the spotlight, but as far as alternative assets, auctions are looking up as wealthy investors put more money in the art market. thestie's jumped, helped by auction of the estate of david and peggy rockefeller. here.ful to have you you have 27% of all buyers that are brand new where are they coming from? guillaume: 40% are coming through asia and 40% through online sales. it says so much about the market today. caroline: in terms of tech and asia being a driving force. the number two market overall, picked u.k. to the post. how is it changing in terms of what you are currently selling in terms of the kind of art? guillaume: the art market 10 years ago was very much western things. it was between europe and america. it is true that asia has become a major player and today accounts for one third of our activity. we needed to adopt this and the first way was to invest in asia, through offices, through stuff, and through sales. we have an important sale in hon

from the this is bloomberg. ♪ caroline: i'm caroline hyde in london. vonnie quinn in new york. this is "bloomberg markets." caroline: checking in with first word news. here is kailey leinz. inley: the central bank turkey stunned investors by keeping interest rates unchanged, the first monetary policy decision since the president was reelected. he has battle with the central bank over his desire to keep borrowing costs low. protectionism weighing on the european economy. growth in the region has a softened this month on falling confidence. european company's reported rising prices for raw materials, delivery delays and shortages. that suggests the tariffs are starting to disrupt the supply chain. in china, financial markets rediscovering an appetite for risk. indexnchmark csi 300 capped its biggest gain in two years, rising 1.6%. markets taking cues from the government's biggest push to invigorate the slowing economy this year. and it looks like north korea has begun dismantling key facilities at its main satellite launch area. it would be a step toward

from bloomberg's european headquarters in london, i'm caroline hyde.cks finishing up the day in european trading. let's look at how overall the stocks of the performing. .8% -- off .8% with donald trump ramping up his rhetoric when it comes to trade. lows, coming off of our we had seen the impact on the autos, miners. this has been a downward trajectory and talking down the dollar, euro had been going higher as had the great british pound. thetaly, i want to focus on italian bonds. up seven basis points with significant volatility in the italian market on the back of the fact that we saw concerns, a time in reports -- ical you and reports that the finance minister -- italian reports that the finance minister could be leaving. questions over his future with the key concern with him if he remains as a stabilizing force for the government. he has a degree of fiscal responsibility. yields have been trading that much higher. , it has been a day of dollar retreat, the donald trump tweet tirade had been impacting how much we saw a move but the euro currently

caroline hyde's spoke with the u.k. of state for media, culture, and sports. >> large technology companies from across the world are not only welcome here to invest and expand their operations, but they are doing so with great pace. salesforce, you mentioned. over the last two years, we have had major investments from apple , google, ibm, amazon. a couple of weeks ago, further news from amazon. samsung opening their facility in cambridge. there is massive investment. 2017 -- it doubled from 2016 to 2017. >> what about the regulatory environment? people look at the you -- we are getting slapped of fines and copyright law. how much do you think the u.k. regulatory environment is a blessing or a curse for some of these companies? >> we think there is an opportunity here too. the u.k. traditionally has gotten a good track record of writing regulation that gives us a framework within which people can operate but also it is very strongly pro-innovation. world leadings a example of having regulations because financial products

i am caroline hyde. vonnie: i am vonnie quinn. this is the european close on bloomberg markets. re are the top stories we are covering. we begin with a bloomberg exclusive. withn franklin joins us news on his latest deal and the bidding war from sky, who will make the next move? we talk with the ceo of one of the largest banks in poland on the drive to consolidate. in on how the european markets have been performing. 30 minutes left until close and we are heading off of those -- still down 1/10 of 1%. talking earlier about the

. ♪ caroline: live from london, i'm caroline hyde. vonnie: i'm vonnie quinn.resident donald trump touting the economy in a white house statement in just a few minutes ago, this after u.s. gdp growth increased by 4.1% in the second quarter. pictures from earlier. the best pace since 2014. we will go to kevin cirilli. he is standing by with a key lawmaker. kevin: it is a bit cooler here at the borough. we are joined by senator tim scott from south carolina. thank you so much for joining us. senator scott: absolutely. it sounds like it felt like south carolina. kevin: it was very humid. let me ask you about your economic opportunities. this is something that would lower the tax and try to create incentives to bring investment into rural and urban communities, talk about where we are at in the process. senator scott: the good news is all governors of the country have established opportunity zones in each state and the goal is to bring in the private sector dollars to harmonize with government dollars, to make sure that those communities that have not seen economic

caroline hyde in young than -- in london, thanks.re's one more big tech company you have to watch for, that is apple. we will discuss next. ♪ this is a test. earnings of 12 and 13 times, it is not expensive. dividend yield of two to 3%. that being said we have no signs of anything being derailed. original check showed the legacy iphones are selling very well. by $100 bys down newer phones and older phones. the funds are getting cheaper and cheaper and more affordable. phones also1000 inserted discounted. and wevaluation support don't see the potential risk that other companies reference. >> apple was cheaper than amazon. >> thank you both. while intel reported stronger results. the company is searching for a new ceo after the resignation. key potential successors and already left company. delayse already facing on new pc chips which can leave an opening. >> we have a set of leadership products through the end of 2018 and the 2019 that we feel very good about. they're a function of our 14 nanometer product portfolio which we continue

joining us from brussels is caroline hyde who caught up with the eu commissioner margaret, right afterhis decision was made. you got the first tv interview posted this decision. what were the tekey takeaways? caroline: the fourth of the way she describes this. these are very serious illegal behaviors. the slap of the fine is so eye-popping. it is a drop in the ocean compared to the amount that google can afford. they have more than $100 billion in terms of cash and investments, but it is a record-breaking number. she went into length try to vindicate this sort of a amount because of the dominance in search. the fact that it was so dominant means that they can a lot more chunk of change in terms of digital advertising revenue. that is why, because it has been going on since 2011, she can waive the $5 billion. is talking tough while there are such strained relationships between the eu and the u.s. emily: talk to us a little bit more about what the real impact will be here on google. it sounds like a lot of money, but for a company of that size, it is a drop in the bucket. caroline: you a

let's get to caroline hyde, lies in westminster with a labor lawmaker. -- live in westminster. ne: we have gary garner we have a now -- member joining me now, thank you. could the labour party ever get behind this? >> what we need to get behind this to negotiate a deal with the european union. we have set out to our own view that we need a new customs union, and what this proposes is a halfway house towards one. what we said is we went a comprehensive song arrangement with the single market and this does not provide that. this does not talk about what is 80% of the u.k. economy, services. what it fails to realize is when they talk about negotiating new agreements around the world and the freedom to do those, if you are bound by the rulebook on goods and bound by the rulebook, but you say, we can still have freedom in terms of services, if you try to export those services in the market which wants to export to use their good, and then, actually, there was a problem because there is an asymmetry. we have real issues with the way in which this deal has been put together to try and

joining us from brussels, bloomberg's caroline hyde. him right up with after this decision was made. what were the key takeaways? caroline: the key takeaway was the force of the way he described this, very serious illegal behaviors. you don't hear that very often about such a significant company. the size of the finest so eye-popping -- fine is so eye-popping. they have $100 billion in terms of cash and short-term investments, but it is a record-breaking number. trying to describe why to vindicate this sort of amount, because of the dominance in search the rewards -- that rewards google. they get a lot more chunk of change in terms of digital advertising revenue. thiss why they would weigh $5 billion. she is talking tough while there are such strange relationships between the eu and the u.s. emily: talk to us a little bit more about what the real impact will be here on google. it sounds like a lot of money, but for a company of that size, it's a drop in the bucket. caroline: you are right, but now it is whether they change the business m

caroline hyde joins us to discuss this.ou have been talking about the broader concerns here, how is the sector receiving this possible softer brexit news? there are concerned about the proposal at the moment, the fact that it sections out services in particular. 80% of all exports coming out of the tech sector in the united kingdom our services raced, and they are saying that it is a lopsided deal. what her proposal spells out is that you will have some sort of free trade arrangement in terms of goods the you are imported and exported between the united kingdom and eu, but not services. so they are saying that we could see two separate regulatory environments, unnecessary concerns for united kingdom businesses, more headaches in terms of the regulatory environment that they facing. >> they also laid out that there was not enough visibility yet in terms of people and their freedom. that has always been a key battle cry for the tech sector -- "we are worried about talent." the united kingdom has thought of a visa for entrepre

paypal ceo's the with our own caroline hyde earlier on bloomberg markets.nd-quarter results, the company missed estimates on revenue and the forecast revenue growth for web services and advertising were both strong and the company beat massively on earnings. the results show amazon is managing to keep a lid on expenses while investing heavily in new devices and selling groceries and prescription drugs. >> we had what i attribute it to continued shrink them some of our most profitable areas. consecutive quarter of accelerating growth. advertising also had strong growth. elsewhere we saw probably better than expected deficiencies in operations. this: that does it for edition of bloomberg technology. friday we will break down twitter's results. can the company beat high expectations after turning around his performance this year? we will discuss. 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

mark bergen and caroline hyde, thank you both. we will follow the tweets. the story we continue to watch, comcast has surrendered to disney. it will no longer compete to buy 20% three fox. -- 21st century fox read they will try to take -- fox. they will take control of the sky. if disney would be willing to sell the stake to comcast. coming up, grabbing a ride, how and uber has its sights set on asian countries. if you like bloomberg news, check us out on the bloomberg app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ emily: when it comes to ridesharing in the united states, the first things that come to mind are uber and lyft. but in southeast asia, it is a different story. that market is expected to grow to more than $20 billion by 2025. one of the top names in the market is a grab. since 2012 when they in septic, they beat out and bought out in the area asns it operates in 225 cities across eight countries. grab is now setting at sites on creating a we chat like super app. encompassing everything from map payments to -- from maps, pa

let's get that caroline hyde in london with more. it was cried -- quite a dramatic day. >> just extraordinary. was involved tech because a lot of the arguments seem to come out via twitter, trump's favorite mode of communication. he took to twitter at at nato -- ahead of nato saying the spending was not high enough, complaining about the trade deficits he has in the eu. the tariffs in various he complained about, and yet such an effect that is parked other euple in the you -- in the thing donald tusk says u.s. will not have a better ally than the eu. also has mike pompeo saying what a wonderful institution nato was on twitter. it is extraordinary. they even have the old secretary of state saying he has never seen anything so strange or counterproductive than what has been going on in terms of the president trump's reaction at nato. notably really hitting incredibly at angela merkel's germany saying germany is to relied on russian energy, russian gas. an unprecedented nato meeting. emily: was there any agreement between these allies?

and from london, i am caroline hyde. welcome to "bloomberg markets." vonnie: pure the top stories we are covering here. facebook shares are plunging as the company resets the growth outlook. slowdown. behind the then we talk about bitcoin and volatility with some more issues with the cme group ceo terrence duffy. flyingthwest airlines is higher with record earnings. all of that and a lot more. we are 30 minutes into a busy earning session. abigail doolittle has the details. day.il: an extraordinary take a look at the divergence we have. the s&p 500 is down slightly. the nasdaq is plunging. five hundred as well. on pace for one of the worst days since the end of june. and the big piece of the story you are mentioning is facebook. the s&p 500 and the nasdaq is overweight. let's go look at a chart on facebook to see the plunge. there it is. down 17.6%. ae worst day ever on disappointing quarter relative to sales and the company missing user numbers. really are absolutely disappointed by this. fearful about the privacy scandal issue. let's see what has hap

. ♪ caroline: live from london, i'm caroline hyde. vonnie: this is "bloomberg markets."ime for the bloomberg business flash. britain's talkr to the company is continuing. is -- pany part of a wider contest between comcast and disney for the bulk of murdoch's media empire. pfizer's we are organizing its business creating new major units within the company. they will also give more independence to the houses older established product. the move is not related plans to future split or any sale of businesses. that's a look at your latest bloomberg business flash. bloomberg users can interact with the chart we show drug the show. browse recent charts featured on bloomberg tv and much margaret this is bloomberg. ♪ caroline: this is "bloomberg markets." time, here is bloomberg's taylor riggs. gallo, heade is rj of the municipal bond investment group that federated investors. thanks for joining me. we haven't heard a whole lot from amazon about the location of the second headquarters since they narrowed down their list to a final 20. i wonder as we head into the second half of th

emily: caroline hyde in london, we will be following.e will be covering more cyber security issues with the ceo of check point later in the show talking about election security. , u.k. regulators may find -- may find facebook thousands of dollars over the cambridge analytica scandal. regulars say the data belonging to is meant the 87 million facebook users and their friends -- regulators say the data belonging to is meant the 87 million facebook users and their friends may have been misused. coming up, we will speak to lightspeed venture partners 's ceo about how the firm will put the work its massive new fund. that is next. if you like bloomberg news, check us out on the bloomberg radio app, bloomberg.com, and on sirius xm in the u.s.. this is bloomberg. ♪ emily: in the last decade, lightspeed venture partners has backed snap and stichfix, -- others.x, along with it starts the new chapter with new money to put the work securing $1.8 billion in capital and the new fund. joining us to discuss is jeremy liew, partner at lightspeed. all of

emily: john rainey with caroline hyde earlier on bloomberg markets.mazon's second-quarter results, the company missed estimates on revenue and the revenue forecast. growth on web services are strong and they beat on earnings. amazon is keeping a lid on expenses while investing heavily on devices and new businesses, like selling groceries and prescription drugs. take a listen. had what i achieve needed to continue strength in our most profitable areas. 49% fx neutral growth. advertising also had strong growth. elsewhere, we saw probably better than expected efficiencies in operations. emily: that does it for this edition of bloomberg technology. on friday, we will break down twitter's results. can the company meet high expectations after turning around its performance this year? we will discuss. this is bloomberg. ♪ phones have made our lives effortless. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that

caroline hyde in young than -- in london, thanks.ne more big tech company you have to watch for, that is apple. we will discuss next. ♪ ♪ >> this is "bloomberg technology." it has been a wild earnings season so far, with any negative sentiment sending shockwaves through the market. coming up tuesday, apple will report its results, and a lot is on the line. for more, the managing director at citigroup in new york, and in l.a., mark gurman, who covers apple for us. >> mark, what is the industry expecting? >> the industry is expecting about 15 to 16% revenue growth, $52.3 billion growth, the biggest growth in the june quarter. looking positive so far. >> if it all about the iphone again? >> the reality is apple has started to diversify its portfolio, and part of it has been things like the air pods, that are doing well and selling out after being out for over a year, the apple watch, which is the best-selling smart watch out there. but importantly, when it comes to the numbers of making earnings and the most amount of money, you are rig

emily: that was caroline hyde in brussels.ursday, president trump weighed in on the record antitrust fine the eu slapped on google. he tweeted, "i told you so, the eu just slap a $5 billion fine on one of our great company. they truly are taking advantage of the u.s. but not for long." google is appealing the fine. still ahead, the cofounder of the grab down for a lengthy sit-down. how they fought off uber and raised billions. this is bloomberg. ♪ emily: a former apple engineer pleaded not guilty in federal court after being charged with stealing driverless car secrets. he was arrested just before boarding a flight to china for downloading proprietary files after leaving a position at apple. he admitted to downloading apple files for continued access. they claimed he never shared confidential information from apple. when it comes to ridesharing in the states, the first things that come to mind are uber and lyft. but in southeast asia, it is a different story. that market is expected to grow to more than $20 billion by 2025. on

as well as our own caroline hyde in london. watching,u're microsoft's cloud services beat estimates for profit and revenue during the fourth quarter. sales of their cloud service rose 89% while office 365 revenue jumped 38%. the result caused shares to hit a record high as microsoft continues to cut into amazon's cloud business. stuck banks face a claimant china's ai industry. will they make their 2030 goal to become the world leader in artificial intelligence? this is bloomberg. ♪ emily: trade disputes continued to escalate between the u.s. and china, china still may be on its way to becoming the world leader in ai in the next few decades. looking tofund is invest $1 billion in the chinese a are startups with core technologies aimed at improving their surveillance systems in a push into autonomous cars. here to discuss further, we are turned -- joined by david kirkpatrick and selina wang. selena, this is the most valuable startup in the world. what did they do? >> this company is part of china's master surveillance plan. they

this is bloomberg. ♪ caroline: i am caroline hyde.finishing the day in european trading on the downside up about .2% for this monday afternoon. worriedech off by 1.4% -- 1.4%. some key companies, sayed on the downside. utilities seeing a bit of pain. -- sage on the downside. miners also off, seeing metals and copper grade -- top or trade lower. a little bit of green, financials up .3%. last week was the best week for european banks since 2017. seeing green as we talk about normalization and the bank of japan coming as soon as tomorrow to its monetary policy and this week we have the u.s., the u.k., india, so much central-bank action to be had. i want to share you what is this dragged down food and beverages. we had earnings from heineken. who doesn't like a bit of beer? brazilians like it so much they are seeing rampant uptick in brazil and that means it is hitting margins. we saw the share price pummeled, as much as 3%, the worst today we are seeing for heineken all the way back three years ago. the reason is they had to guide down t

we spoke with caroline hyde in shira ovide inas new york. find was just a week and as i noted this morning, it , was literally a footnote in my column yesterday. how relatively immaterial it was to the results of the company at least , financially. the other thing is the issue that had been freaking out alphabet investors are the last few months was it spending, it makes revenue-sharing payments to its partners like apple and others. and the pace of growth of those payments moderated in the second quarter, is the way they put it. that gave investors in alphabet some relief, although will see how long that lasts. emily: caroline, google is appealing the ruling but it hasn't been approved yet. they still face a $5 billion fine which they will accrue over the second quarter. the bigger question is, will handset makers now start charging google to preinstall these apps that are in contention? are investors correct in shrugging off these regulatory concerns? caroline: that's a great question. rbc is saying the size of the fine was the great unkno

emily: bloomberg's caroline hyde and shira ovide in new york.ing up, we will turn to the chipmakers. call cam scraps its plans to buy it rival nxp amidst u.s.-china trade attention. what it means for dealmaking ahead. and bloomberg is live streaming on twitter. and be sure to follow our global breaking news network on tictoc. this is bloomberg. ♪ emily: welcome back. i'm emily chang. there are bigger forces at play than just us, that is what qualcomm's ceo said after announcing he is abandoning his $44 billion bid to acquire nxp. it would have been the largest deal in the chip industry. the aborted takeover has been the largest high-profile victim of the traits that, with every other relevant jurisdiction in the world clearing the bid months ago. while china denied its decision had anything to do with trade tensions, qualcomm's ceo seemed to disagree. >> the decision for us to move forward was a difficult one. continued uncertainty introduces heightened risk. we weighed that risk against the likelihood of a change in the current geopolitical env

emily: bloomberg's caroline hyde and shira ovide in new york.g up, we turn to qualcomm, scraps its plans to buy annexed be --nxp amidst u.s. china trade attention. what it means for dealmaking ahead. and bloomberg is live streaming on twitter, and be sure to follow our global breaking news network on tictoc. this is bloomberg. ♪ phones have made our lives effortless. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. ♪ emily: welcome back. i'm emily chang. there are bigger forces at play than just us, that is what qualcomm's ceo said after announcing he is abandoning his $44 billion bid

from indexks to mike ventures and bloomberg's caroline hyde.up, charging up and electric scooter. we speak to the ceo and cofounder. plus, tesla sets its sights on china, setting its sights on a factory in shanghai. how big of a bloke is it to trumps trade campaign? this is bloomberg. ♪ emily: grab is opening to other startups. the giant is transforming to transform into a super at, that covers everything from payments to food delivery. think we chat. they say it could push revenue beyond a billion dollars. electric scooter rentals startup line has announced a funding round which includes a partnership none other than uber . details have yet to be finalized, but they say they will promote them in their mobile app. the financing pledges of their valuation to $1.1 billion, but will it give the company an edge in the brewing to wheelchair for -- turf war? they will be our strategic partner. it will start as investing, and that we will deal with cobranded and will make our scooters available. emily: are we going to see the uber sign online? -- on l

bloomberg's caroline hyde caught up with the e.u. commissioner after this decision was made. y take away was the force in which she described it, very serious illegal behaviors. you don't hear that often about such a significant company. the size of the fine is so eye-popping. $5 billion. sure, it is a drop in the ocean compared to the amount that google can afford. they have more than $100 billion in terms of cash and investments, but it is a record-breaking number. she went into length trying to describe how to vindicate this sort of a amount because of the dominance and search the rewards that go -- that gave google. the fact that it was so dominant means that they can a lot more chunk of change in terms of digital advertising revenue. that is why, because it has been going on since 2011, she can sort of weigh in this fine, the $5 billion. and also i think what is significant is once again she is talking tough while there are such strained relationships between the e.u. and the u.s. emily: so caroline talk to us a , little bit more about what the real impact will be here on

caroline hyde reports from brussels. caroline: very serious, illegal activity. leveled. and cousin of that, they are being fined. to that compare that overall cash on hand, they have more than $100 billion that they can pay these i'm with. the fine with. but their overall public relations, they are concerned they will have to change their business model. they have got 90 days to do that. in particular, or half the way in which they demand telephone makers and telecom operators to give google exclusivity when it comes to the search activity on your phone and the chrome browser. that would have to change or there would be more fines. is up to google and google alone to assure that it abides by the new ruling from the eu. now, it is up to whether the u.s. regulators respond, as well, but, clearly, this is once again the eu leading the charge when it comes to the dominance that some of the u.s. tech companies have in the region. caroline hyde, bloomberg news, brussels. that was bloomberg up us to be as caroline hyde in brussels. let's get a check of the bloomberg fl

joining us from london, bloomberg's caroline hyde. ve been talking about the broader business and political concerns here, but how is the tech sector specifically receiving this possible softer brexit news? caroline: there are concerned about the proposal at the moment. they are really concerned about the fact that it sections out services in particular. about 80% of all exports from the tech sector in the united kingdom our services based. they are saying at the moment this is a lopsided deal, because what theresa may's proposal spells out is that you will have some free trade arrangement in terms of goods you are seeing imported and exported between the u.k. and the eu, but not services. so they are saying we could see two separate regulatory environments. this is unnecessary concerns for u.k. based tech businesses, yet more headaches in terms of the regulatory environment they are going to be facing. they are also laying out that there is not enough visibility yet in terms of freedom of movement of people. this has always been a key

we have caroline hyde in ondon.column yesterday was google gives people a reason for short memories. is that a good thing? >> we will see, the fine was just a week ago, and as i noted this morning, it was literally a footnote in my column yesterday. that's how immaterial it was too -- to the result of the company, at least financially. the other thing is the issue that had been freaking out alphabet investors are the last few months was it spending, it makes revenue-sharing payments to his partners like apple and others, and the pace of growth of those payments moderated in the second quarter, that's the way they put it. that gave investors in alphabet some relief, although will see how long that lasts. emily: google is appealing the ruling but it hasn't been approved yet. they still face a $5 billion fine which they will accrue over the second quarter. the bigger question is, will handset makers now start charging google to preinstall these apps that are in contention? are investors correcting shrugging off these r

selina: that was stan laurent, partner at highland europe, begin with bloomberg's caroline hyde.up, we have gotten complaints -- that's the assessment sheryl sandberg gave when asked about facebook's new at policy. we will discuss the bumpy rollout and what it means for advertising on the platform. ♪ in one tesla drivers of its biggest european markets are increasingly unhappy. they had the fourth highest number of complaints in the first half of the year. drivers have struggled to reach tesla's customer service. others have complained of late deliveries. tesla says it is working to improve its customer service. facebook is catching some heat regarding new rules for running ads with political content. the platform has taken down many flagged fors, keywords like "bush" and "clinton." sometimes they have nothing to do with politics, like a walmart advertisement for bush's baked beans. can you explain this bumpy rollout of this political ad rule? why it is blocking -- is it blocking seemingly innocuous content? >> it seems to be a keyword filter, which is really a problem. clinton i