ryan chilcote, bloomberg, crimea. >> ryan chilcote going deep underground.fnow with major moves, caroline hyde. >> not many major moves to be frank. the euphoria has come out of the market. we did go up yesterday on the stoxx 600, but that has gone down. easing -- i love this quote from london capital group. he launched a few dovish grenades but they didn't pull out the quantitative easing bazooka. telling us what he could do -- he did a lot. he did all of it and all of it had basically been priced in. >> in terms of the stocks we are watching today, the banks are front and center. >> it is interesting what is moving. the best performer today, it could really benefit from its look to aid the small to medium-sized companies. risk isedit, their becoming lower. money,like the fact that liquidity could go there direction. the biggestide, fall or is selling shares. we are looking towards the capital. >> that figure casting a shadow over this as well. the regulatory story is front and center. politics getting involved in that too. caroline, thank you very much ind

it is where we find ryan chilcote. ryan?ting d-day event for the french president who will be leaving the ceremony in normandy in half an hour. on the sidelines of the celebration, french business has freedomhering at the and solidarity business conference sponsored by the american chamber of commerce. that is where we caught up with a company that we saw in russia searching for oil in western siberia. he talked about how the threat of sanctions is affecting his business in russia. thing, which is having an impact on the business of everybody in russia, not only total but including the americans is the financing of projects. there's a lot of financial institutions that have already been taking a cautious positioning, which means even if it's not for bid and -- even if it is not for bibidden, it is wait-and-see. >> there was a lot of concern about the business ties between the united states and europe because of things like bnp paribas, where they say politics is getting in the way. not just that. also of course the threat of

. >> let's go to ryan chilcote. over to you. that special guest is from prestige economics and is in nine different categories, including the euro, the pound, the swiss franc. good to have you. with mark twain. in 1897, he says that they reports of my death was an exaggeration. that the case for opec? what is your take? for the global oil market, i think opec is relevant. portion of global oil supply that is important -- impossible to ignore. it can affect how the price looks. >> talk to me. everyone is watching these pixels -- these pictures. does what is happening change things at all? >> there are concerns about the price situation right now and we iraq andtuation in iran. i think there are a lot of different things right now. arabia rampg saudi up production. >> supply and demand is what these guys look at. atl us what they are looking right now. >> sure. whaty has a lot to do with we are talking about. since we are on the demand side, what we are more focused on right now, we look back and we saw global growth a little bett

ryan chilcote has the details. >> the u.s. is preparing sanctions that would target the technology used in the gas and oil industry. this would effectively be a transfer of technology control where the u.s. government would have the power to review the transfer of that kind of technology on a case-by-case basis and if they wanted to disallow it, they could do that. this is something that they are looking at. they have not actually implemented it just yet. meanwhile, we have u.s. business groups saying they will put ads in american papers and the new york times, wall street journal, and here in the u.k. tomorrow arguing against sanctions. it is coming from the national association of manufacturers, from the american chamber of commerce saying that more sanctions, more u.s. sanctions against russia will cause -- cost american jobs and will lead to those jobs being seated to other countries who are not implement exemptions. >> what does this mean for its relationship with others in the story? will we see the u.s. going it alone o

. >> ryan chilcote is indiana. na.indiana -- ihn vien and olivia sterns is in trafalgar square in london be read let's get to the aching numbers for -- to the breaking numbers. this is the spanish clothing store that owns a zahra. zara.s not the 11% drop we were anticipating, but lower than last year. sales have missed analysts' estimates. sales up less than expected. -- the local currency stores, sales up 11%. they are saying this is largely to do with current see. they have been trying to push out in country such as brazil, china, russia. offsetting the sluggish sales in the home territory, that being spain. but weaker foreign countries, especially russia, have been tracking on sales and profitability. see that profit up to 406 million euros. again, slightly lower than it was last year. we will be looking at what the outlook is. the second quarter might not bode that well, either. you have japan. tax, that willes reduce sales as people read gauge how much they want to be spending in the shops. retail sales lookin

you.an chilcote, thank >> market reaction? let's find out.n the fx markets, what about energy? >> there is a reaction in the asset classes. political issues. why would you want to be in progress assets with everything under consideration. equity markets are softer. final reading for may inflation in europe comes in at barely .5% will stop local risk is rising. the ecb's next move, is it already priced in? that is the question you have to ask. in terms of stocks, that is what we do, we talk about companies. what you have got at this media. is in dublin, taking some of the heat away. perhaps they are not the next one. jp morgan saying buy -- you had us evaluations are the dax since 2003 at this level. hastive to europe, the dax underperformed. if you believe you are going to see an uplift in emerging markets, buy dax relative to msci and stoxx 600. inflation is negligible, equities. this, handed to the fx. they wanted to see 170 and they got $1.70. absolutely. they got it. they wanted to take it up there through that level. trade higher or is i

ryan chilcote is here with more. the british papers are painting this is that the prime minister david cameron is the one who has been hurt most by the scandal. ultimately, rupert murdoch has gone u unscathed because rebecca brooks was cleared, this might change of corporate charges get punished. to watch, mr. murdoch has been asked by the police to appear in the u.k. for an interview according to "the guardian." the is not terribly new but prosecutors are considering corporate charges against news corp. itself. the reason it is not new is because the prosecutors told the judge that on a couple of occasions that they were considering this during the trial. because of u.k. law, to ensure defendants get fair trials, the reporters were not allowed to report that and the jury did not hear that because that might prejudice the jury. the trial is over and we can report back. it is not over for rupert murdoch yes. of course, in terms of the trial itself, we know the result, rebekah brooks, a top lieutenant in the u.k., she

here with what to expect as ryan chilcote. slowing sales.ikely heard michael bloomberg say rude awakening. maybe that applies to tesco. we got this report urges basically as bad as it gets. these researchers who follow say that the sales and market share of tesco here in the united kingdom over the last three months fell by the most since they've been compiling the report more than two decades ago. sales fell three percent in market share down by 1.5%. to 14 analysts and they said that they actually think that sales fell by 4% which, by their record and ours, is the worst estimate in at least a decade. one of the 14 analysts we spoke to said he put his numbers together before this report came out. he says there's downside risk. the numbers could be even worse than he thought. abouttalked long and hard aldi and others. >> it's pretty straightforward. has market share. you look at the most important da,rest competitor, as their market share rose from 17%. not a big deal. the four biggest supermarkets to see a rise in their market share and the

ryan chilcote joining us from outside opec headquarters in vienna. let's go from oil to automobiles. standoff between taxis and car sharing services is stopping traffic today as more than 300,000 taxi and limo drivers protest against uber. olivia sterns is in london with the details. you have been speaking to the london black cab the representative. what is the plan for later today? >> they are planning to cause chaos. the plan is for several thousand rivals to show up here and at parliament square. by drivinge chaos around in circles and essentially cause gridlock. they are very angry. they say that uber is operating as an illegal service. it is not entirely true. uber drivers are licensed. they areue is that operating as if they had a meter and there is legislation making it difficult and expensive for the black cabs to earn the right to use these meters. they are saying if they were operating as meters, they wouldn't have a grudge. uber came out this morning saying that black taxis will be a new option that you can order from uber. as you said, i

in british columbia, the chilcote and people to gun the mining industry -- people take on the mining industry. gold has been a symbol of power and influence for civilizations for thousands of years. but it has been associated with gods, immortality, and wealth. the pursuit of gold has changed history. the spanish conquest of south america to the gold rush in the american and canadian west. little else has had so much power to inspire or to corrupt. over the years, gold mining became industrialized. today, most mining is done by big corporations, and of the world's four largest companies, two of them are canadian. >> three percent of canada's gdp is mining based. >> there is but a handful of attempts to hold canadian companies to account -- has been a handful of attempts to hold canadian companies to account. >> because oil prices are high, they're trying to get oil out of the ground -- gold out of the ground as quickly as possible. that means they are rushing. >> it really is a david and goliath struggle. >> the reach of canadian gold- mining is international. 95% operated and owned

ryan chilcote joining us from normandy.sh satellite operator just announced plans to provide high-speed internet service to passengers flying throughout europe. joining us now is the ceo. thank you for coming. this sounds fantastic. when can we expect it to be in the works? >> the satellite takes three years to build and launch. the ground infrastructure should, along the same time. you should expect to see this deployed on airliners in europe within the next three years. >> how is it going to work? i turn on my tablet, ready to go? >> the exciting thing is it is going to be available on much smaller aircraft where you can't normally install in-flight entertainment. we will be delivering wi-fi to your device. speeds? about 10 times faster than the fastest thing you can access today. megabitelivering a 50 pipe to an aircraft anywhere in the world. this will be about 10 times faster. >> in the u.s. they have already ruled out wi-fi. why is it taking so long for europe to get here? >> you are right. the experience and ehrlich

olivia sterns and ryan chilcote will be back. few hours away from draghi's interest rate decision over at the euro-zone central bank frankfurt. much more to come on that during "the pulse". stay with us. ♪. >> draghi's time to deliver. the e.c.b. may be the first major central bank to take rates negative. we're live at its headquarters in frankfurt. >> another warning for russia. g-7 leaders threaten to impose further sanctions over its action in ukraine. >> another dark day for asos. he stock plummets. welcome to "the pulse" live from bloomberg's european headq

here with me is hans nichols and ryan chilcote.ans. >> we will be looking at jean-claude juncker. his confidence that he will be chosen at the next eu president on friday will be a headache for david cameron. ryan? my radar.ries on i am looking at the prospect of more sanctions against russia. we learn the u.s. is preparing another batch and what is next for news corp. following the trial in the u.k. prosecutors say they may pursue a corporate case. it is a motley bunch of stories but i can handle it. >> thank you very much. that is what the markets are watching. european markets opening. let's check in with manus cracking -- cranny. >> a motley bunch of stories for ryan chilcote. let's look at what this motley map can give is in terms of equity markets. abe says that deflation is dead. goldman sachs says that you can buy the topix index and get a target of 1450. added $22 billion in new funds to hedge funds in the month of may. you're today, that is nearly $93 billion. the best year since 2007 with money growing

ryan chilcote has the details. good morning. you spent many years in iraq. >> the insurgents have made their move. what is the iraqi government going to do about it? it's clear the u.s. is looking at the prospect or the possibility of airstrikes. let's have a listen to president obama yesterday. don't rule out anything because we do have a stake in jihadists areese not getting a permanent foothold in either iraq or syria, for that matter. krit,w you have ti fallujah. the isil, the islamic state of now controls a pretty reasonable swaths of iraq and syria. these are all sunni areas. i think things will really pick up as they start to challenge more shia controlled areas. these are places with shrines that are really important to the she owes. if they go after baghdad, which is where the government sits, this will become a much larger conflict. >> what will this do to oil prices? theyyou are in vienna, said it was happening in the north and was not an impact just yet. that uti poised for its biggest gain since december. ministers

i am joined by peter weinzierl and ryan chilcote joins us. ryan, let's start with the background. putin's visit? tothey eu does not object the south stream project as such. what they want is to make sure as far as a concern it conforms to eu law. and they object to individual companies to sign up to parts of the pipeline before they are convinced at all forms. one of the big sticking point appears to be the issue of competition and the pipeline should not be owned by the people operating them or likely to see. the austrians see it differently. they get one third of their gas from russians and to say it is not in the slightest to the toaine, what if were able diversify the supply of the gas from russia, what could be better? there is a filling in the eu they want to diversify energy supplies a way for russia. not more to gas and diversification of routes of russian gas. a lot of people in the you upset the austrians are receiving the russians and not just because of the gas but also disbelieve their russia should be isolated right now particularly ahead of the meeting of friday wit

ryan chilcote joins us with the details. the benchmark for the united states, is set to make its biggest weekly gain since september. now well over $100. then you have brent, the benchmark for the rest of the world and europe. it is now over $110. same reason, on the back of this chaos in northern iraq. two dozen analysts we talked to yesterday, only three since -- only three of them think that prices will decline next week. the issue here is to what extent does the violence in the north of the country really affect to theability to get oil markets? that is a question we put to iraq's oil minister at opec in vienna and he told us he does not think a whole lot. >> all our production, all of our exports are from the south. the south is a very safe area. have only small activities related to the distribution. >> those small activities are theyrs to the pipeline goes from an oilfield in the north of the country to a mediterranean port in turkey. that pipeline was already off-line because it had been bombed. the hope was that the

ryan chilcote has the details. as you cranes president wants peace order and and into the bios by the end of the week. -- ukraine's president wants a piece order by the end of the week. i put in the question, what are the odds we will see a cease-fire? have a listen to part of our exchange. >> you had this meeting with poroshenko. president obama. how likely is a cease-fire in the ukraine and what can you and what will you do to achieve a cease-fire? and how quickly do you think a cease-fire can be achieved? >> i think it can be done immediately. they need to stop the operations. it is the only way to crater conditions to start real negotiations. tocreate real conditions start real negotiations. no one has said anything to them are propose anything concrete. people do not know how they will live and under what conditions and what the parameters of the new constitution will be. there is no conversation about that. there have been arguments and debates between presidential candidates but no one invited a representati

cracks are thanks to ryan chilcote.et -- an effortless transition from talking about russia to talking about cars. fiat owns the jeep rant which is a former american military vehicle. it is now being produced in russia which i think is in interesting irony. >> history, let's leave that to one side for now. what does the future hold for fiat? here's a company that is tried to compete with the boys like mercedes and bmw. once you put out for a male front and center. the pentecostal of money. they have a lot of debt. the two don't necessarily go together in my mind. >> this is where i am skeptical. said that marchionne he would revive trancelike alfa romeo and jeep as to increase performance. going premium takes time and a lot of money to investors because you cannot to sell any. you need to achieve customer credibility to do that. it is not an easy plan, i have to say. >> so far the cf 500 has really been a big success it for marchionne. now he wants to move his focus up to the higher end at rc alfa romeo and was rocky br

they think that he does have the influence. >> thank you, ryan chilcote. we will be back in the next hour with more. looking forward to the 2022 world cup, fifa's backers have expressed concern over new allegations against the governing body awarding the games to qatar. elliott gotkine joins us now. fifa to hold a full investigation. >> very much so. if the money is talking, it is the corporate sponsors without whom event's like the world cup aren't going to generate the kind of money they do, then fee going to act when they are calling for action. what they are saying is that fifa needs to carry out a thorough investigation and publish the findings as well. the allegations emerged in the sunday times, talking about the most senior qatari football official allegedly paying bribes to get more votes for the to host the 2022 world cup. the latest allegations say he has a $5 million slush fund, that he helped use the influence of qatari royals to broker-deals in exchange for getting more support for qatar's right to host the 2022 world cup. the qataris and i a

ryan chilcote is here.en a bobby ryan. >> he comes into 2004, wearing a suit with a black tie, talking about saving the company from the brink of bankruptcy. not only did he lose 1.6 billion, but in the preceding , they have lost 8 billion. fast-forward to the end of that tenure. fiat has acquired chrysler. fiat is profitable. marchionne has tripled revenue and he has tripled the share price. clearly it wasn't the smoothest of rides for the share price, really nosediving into thousand nine. his new plan introduced in may to bring them to 7 million cars a year, punchy. 60% more than what they are doing right now. spending a lot of money to try to pull it off. that is where people are now skeptical. >> when did he lose the suit? [laughter] wearing jumpers isn't it? he never wears a suit. >> he is an italian that spent almost his entire life outside italy. he comes back, he thinks he needs to look formal. but when he turns a profit he is like, going back. >> he has got a lot of work to do. people say this is a

ryan chilcote has more. >> russia supplies that you with eu to heat -- tggehe 80 million homes.dispute with europe over the price they pay for gas. the reliability of the supply is a concern. what if the accident was not an accident? what if russia wanted the dispute? is a russians it ploy to convince the european union that it needs another solution. russia is planning a new pipeline to europe. it would travel under the black sea or equitable gary a, serbia, and beyond. serbia, and beyond. the european union has not blessed us -- south stream yet, but that could change youe. >> ryan chilcote spoke with the energy commissioner of the european union. the european position is the following -- we don't think that good and acceptable .ector for tensions a nobody is using energy as weapon, as a political instrument, we are not willing to do this. we have long-term relations. since the 1960's. , we don't see that russia is using gas as a weapon against our european union. signals more, there are that gas prices and gas relations in general can be an instrument between and against russ

ryan chilcote has been following.merican troops are heading to iraq, that's a big headline it is self. >> it is. it is clear that u.s. does not intend for the troops to fight isis to take on the militants. some of is to train up the iraqi forces so they will relocate some embassy staff from baghdad to places in the kurdish controlled part of the country to the far south. shia controlled area, very safe. and jordan. it is very interesting if the u.s. believes that baghdad is dangerous enough or enough of a director to baghdad that they have to move nonessential personnel. that tells you something. the idea that it is going to lead to troop levels of going to 000 like 2007, that is a bit far-fetched. then again, you and i know these things never end. >> what if the lay of the land right now? >> yesterday we had the iraqi cityorce striking near a of 200,000 people in the north which has fallen, the most recent city falling to the militants. , but also a sunni lot of shiites. you have many, many people in the north of the

ryan chilcote is with me from normandy. is part's observance memorial, part politics. what can we expect? >> that's exactly right. we are miles away from places like omaha beach where the u.s. military did its part in the invasion of normandy, the largest invasion the world had seen at the time. of course, all the leaders are coming for that event. president obama will be here, the british prime minister, german chancellor, russian president, and president-elect of ukraine, just to name a few who will be here to commemorate d-day which begins tomorrow. all of these leaders have been meeting in various configurations already. we have had the second day and this morning in brussels. now we have a flurry of diplomatic activity in paris itself. as you put it, becoming a flurry of diplomatic activity to try to find a way out of the crisis in ukraine. the g7 punished vladimir putin but excluding him from the brussels summit and they moved it. it was a boast be in sochi. now some of those leaders will be meeting with president clinton while he is in france. who is the preside

ryan chilcote, bloomberg, kiev, . >> interesting story. ryan on what is happening in ukraine a little bit later. for now, let's turn our attention back to europe's banks. a $10 billion fine might be awaiting bnp. france's finance minister said sanctions could hurt the ongoing trade talks within the eu and u.s. what happens next? joining us is james ferguson, founding partner of a research firm. good morning to you. your sense is that this was inevitable, we were going to get fines of this size. money fromnks took the fed window. they were going to therefore have to pay the price. the difference is, u.s. banks were ready for it. european banks, not so much. >> this has been an extraordinary disparity. this has been incredibly wealth like in the states. we have been getting 3, 4 articles a day in the u.s. financial press about the banks and about this implicit trade-off where the state stepped in at the moment of crisis and provided as much liquidity as was required. it failed out aig which was effectively bailing out the banks. fails, then

ryan chilcote has more. they have been slashing prices.ushing a volume slightly, but not enough to upset the overall downward slump. >> tesco has been really interesting. it starts with the ceo saying that in his 40 years at the company, he has never seen a sales drop like this one. >> 3.8% down. >> he was speaking to the sales numbers. you know the company is in a pickle when your ceo says that. and yet, people thought it was going to be worse. analysts we spoke to thought they were going to be down 14%. at the open, the shares went up. 2.5%. then they gave up those gains and now they are in negative territory. points allen made a good earlier today. investors in general have had a problem with tesco this year. every month, the analysts have to revise their profit estimates. they just keep falling. >> i was reading over the weekend about a profit warning without a profit warning -- just guiding it lower, so never do you have to come out and say we are going to miss our targets. you look at operating profit margins, that is a perfect examp

kingdom signed virtually no treaties with these tribes when colonizing canada but beyond just the chilcote tribe this decision could settle land disputes between native tribes and developers across the country most importantly with regards to the proposed construction of the northern gateway pipeline one of the numerous planned . lines across canada and the us if built this pipeline could carry over five hundred thousand barrels of alberta tar sands oil a day across territory occupied by first nations people the supreme court's ruling could also have ramifications for s.w. on resources and energy companies being sued for its shale gas exploration on territory belonging to the macmac tribe in the province of new brunswick now unfortunately in this ruling probably won't have much of an impact on the battle of the infamous northern leg of the keystone x.l. pipeline due to the previously established treaties between indigenous people in alberta and the canadian government but of course according to canadian prime minister stephen harper treaties are meant to be broken and as such was allowed e

tribes when colonizing canada but beyond just the chilcote tribe this decision could settle land disputes between native tribes and developers across the country most importantly with regards to the proposed construction of the northern gateway pipeline one of the numerous planned. lines across canada and the u.s. built this pipeline could carry over five hundred thousand barrels of alberta tar sands oil a day across territory occupied by first nations people the supreme court's ruling could also have ramifications for s.w. on resources and energy companies being sued for its shale gas exploration on territory belonging to the macmac tribe in the province of new brunswick now unfortunately in this ruling that probably won't have much of an impact on the battle of the infamous northern leg of the keystone x.l. pipeline due to the previously established treaties between indigenous people in alberta and the canadian government but of course according to canadian prime minister stephen harper treaties are meant to be broken and as such was allowed energy projects in the tar sands to go throug

i'm olivia sterns. >> i'm ryan chilcote. thefrench president says potential u.s.ould hit europe. the french president plans to raise the issue when he meets with president obama tonight at dinner in paris. it is decision day for the bank of england. the monetary policy committee will announce its rate decision at noon u.k. time. the committee is decided between mark carney's view and a view from others that favors higher borrowing costs. the ecb is expected to deliver rate cuts today. economists plan for mario draghi to cut the main benchmark rate. they also expect a negative depository rate. according to two ecb officials, druggy -- draghi will keep borrowing costs low. guy johnson is live in frankfurt. this is one of the most anticipated rate decisions in recent history. what can we expect? well, i think we can expect something, ryan. mario draghi made a very clear last month that the governing council was comfortable taking action. the question is, what form of that action take? some sort of rate cut is likely. the question is, how far will they go with the dep

. >> ryan chilcote joining us live from normandy. the controversy surrounding the trade of five taliban detainees continues.namo bay many were unaware of the negotiations. life couldrgdahl's have been jeopardize hat word of that trade leak. senator feinstein in an interview with al hunt did not agree. >> the president cannot even call you hours or days before hand. do you think that was because there was a credible threat from the taliban that they would kill him if they weren't leaked the -- if they were leaked. >> i don't think there was a credible threat but i don't know. i have no information that there was. >> for more on this conversation let's go to washington and get more from alpena chairwoman feinstein disagrees with the white house about the safety of sergeant bergdahl's life. in do youns from here expect an investigation? >> i expect most will -- expect multiple investigations. chairman feinstein is very upset. she has been deeply involved in a lot of these issues. she is supportive of the demonstration in general on surv

you.an chilcote, thank we will talk more about the wider impact of the violence. we will ask the former bank of england policymaker what higher oil prices will mean for the world economy. m&ance again, it it is monday. medtronic agreed to by covidien in a deal worth 43 billion dollars. is it enough to take the number one player johnson & johnson? ofh, is this another case tax and version or is there a strategic rationale? >> it does not seem like there are so many synergies between the two companies, so yes, it is more of a case of them looking at not having to pay taxes on the 14 billion they hold outside the u.s. this is something that the ceo has advocated that he has spoken to congress about this and about them changing the laws. >> a lot of people on capitol the getting hot under collar about this one. >> we are not sure whether it will be all cash or shares. given the size of the deal, it will probably be a mixture of the two. covidien headquarters in dublin. 21% would be paying the u.k. corporate tax rate. >> what is at stake for covidien? talking -- there

ryan chilcote is in the studio on the current state of play with south street pipeline. manus cranny is here looking ahead to mark carney's grilling in front of lawmakers today. it is the deal this is a lot about u.s. companies trying to avoid taxes. caroline hyde has the autopsy report on the monsanto-syngenta talks. exclusives an mineview with the head of old bank, peter weinzierl. called to unite against an al qaeda breakaway group to seek after the country's largest oil refinery. this would seem to reinforce very concerns that i rock -- iraq's very survival is at stake. bighe oil refinery is a loss. let's not beat about the bush. this is the largest in the country. there have been reports of shortages of refined products in the kurdish region. the second-biggest city of iraq fell to be insurgents toisil last week. the iraqi army have been defending it against the militants the last two weeks but they were busted out after in agreement with the militants to let them go. john kerry was trying to paint the picture as he bashed heads in baghdad to bring home the urgency

for more on his reign, let's bring in ryan chilcote. we know they call him the canadian.id this all begin? >> 10 years ago, he comes in, june 4 2004. rto has just passed away. they were the owners, he was the chairman. he was very active but in the two years while he was still in the seat, the company lost $8 billion. he comes in wearing a suit, black tie, look somber and says, i am going to try to save the company. that he does. not only in the last 10 years have they acquired chrysler, but he has made fiat profitable. he has tripled revenue and he has tripled their share price. various skepticism about his next plan which basically calls for them to produce 7 million cars a year, 60% more than they do now, and make about five times more money than they are now because they are going to focus on the higher-margin cars. little problem, debt and they have got a lot of it. >> everyone looks at him very successful as being the turnaround guy. very good at deals, but can he sell cars? the fiat has done very well. there is a car that he brought back in 2007. his new plan to ma

. >> as president obama kicks off his european tour ryan chilcote will tell us what is on the agenda.tod alexander friedman as the cio of that business. impacts will look at the of the ukraine crisis on investing in russia with the cfo andoyal dutch shell, siam -- simon henry. goldman sachs chief executive lloyd like find and bloomberg founder michael bloomberg said down for an exclusive conversation. do not miss that interview at 6:30 p.m. london time. wants to help you control your health and your home. the company introduced new software for the iphone and ipad at its annual developer conference in san francisco. hans nichols joins us to talk tech. whereis apple leading and are they playing catch-up? we had a bit of both here. accurate tor and say that playing catch up on messaging and fully integrating to the cloud and that is one thing they are making a push for. there may be more parity and they want to be in a position to take off on health. new they did was unveil a code, a new operating system. announcing i was -- ios8. [applause] ios8 is a giant release and it is two stories

for more on all of this, i am joined by jason as well as ryan chilcote.ps you can bring us up to speed. >> the latest is the iraqi government is pushing back on the militants. we have the militants still in --trol of the second busiest second biggest city in iraq as well as in control of part of the pipeline. much physically in terms of oil, the very same situation. we have seen markets remain jittery this morning, both brent and wti on the move. we can anticipate throughout the week really. people watch the rock for clues -- iraq for clues. the market needs the oil and there are not a whole lot of places that can provide replacement to it. >> ryan, stay with us. let's bring in jason. a very fast-moving situation. what is your view? premium is going to continue to escalate over the course of this week. we already had a very strong fundamental oil market, and now we have introduced another risk element into it. >> ryan, jump in here. >> if we have not seen since the end of last week any kind of change when it comes to physical , the actual oil supply out o

ryan chilcote joins us with more. billion,uestion, $11 will it be worth it? tells the story. it looks grocery. dreary.oks 3 billion people are going to watch the world cup. >> half the planet. >> a billion of them have watched negative coverage of brazil's preparation. they have seen the slums. people-up to the cup, have come away with that the country is a dump. the contrarian says this is an opportunity. is very negative on brazil and sent a team in january saying it is not as bad as we thought, negativity is market,n to the stock which is down by a third. bmw is spending $200 million building a plant there. apple just opened a store a few months ago and they are selling their iphones like hot cakes. people are going in with contrarian plays because they think the fundamental's are right. >> breakdown the fundamentals. >> pimco says brazilians are young. just under 31 years old on average, they have a resource-base. an increasingly democratic country. if you listen to the news coverage, they are pessimistic. old be worse is if they were apathetic. they will

ron chilcot is here with the story. >> this is the contrarian investment case for brazil.he world cup has attracted an awful lot of negativity. if you look at the press coverage, it's been very, very bad. and the brazilians themselves have been very pessimistic and very disgruntled about how things have gone which is a perfect reason to invest. says pimco and not just pimco. you got apple moving in. you got b.m.w. setting up $200 million plant. pimco saying that basically all of the negativity is priced in. the stock market is down by a third from its peak and sometimes you have to take the road less traveled. >> give us the arguments for investing in brazil. what are the detail of positives? >> i went through their note that they came out with back in april to sort of mine it for the four big points. one is they say brazil has a young population. average age just under 31 years old. it's an increasingly democratic population which they argue is good for markets. the sense that they're very pessimistic. that means that they're going to actually enact change. or carry out c

. >> ryan chilcote joins us far look at the latest.coms in the country. what are we seeing?ok at the market first. oil generally up since tuesday . tuesday morning. yesterday oil closed at a nine-month high. some of what is going nonis in beijing. it is now under the government's control. now maybe there is a truce in place and they are evacuating people from there. very important for iraqis. it is responsible for 40% of their refining. 300,000 barrels a day. not just for the north of the country but also for baghdad. that is one of the friction points, if you will. the oil fields themselves remain very safe. 3/4 of the output comes from the south. we have b.p. and exxon beginning to pull some of their people out of the country. having said that, there has been absolutely no change to the physical supply of oil, the oil over picture out of iraq the last week. it is just as it was. >> earlier last week, we heard malachy, voices from the iraqi government saying -- now what we're hearing from the u.s. is that the option is off the table. president obama met with congressional l

. >> tensions are escalating on the economic front and ryan chilcote joins us live from london.p ceo sees ukraine unwilling to pay gas there. we have seen this movie before. will this actually disrupt supply to europe itself? >> we have seen this movie before. i don't think it will be an immediate disruption. the last time it happened was 2009. the time before that, 2006 for the difference is that it is happening in the middle of the summer and ukraine doesn't really need any guess of this particular moment to heat people's homes. the other difference is that industrial output in ukraine is for at least one reason, because of all the fighting -- the heat needed for these factories is not operating. there've and taking some of that gas and ukraine is stockpiling. they have a few months to do this before starts getting cold. the concern is not just for you can but what this means for supply to the eu and germany. it is not disrupt supply to germany. there are other routes. >> there are and we heard the ceo from gas from say they will deliver it through other routes. again, western

thank you so much, ryan chilcote. that does it for today on "in the loop."st host -- bob wright join me to guest host, right here on "in the loop." ♪ on 56are coming up minutes past the hour. that means bloomberg television is on the markets. i'm julie hyman. let's take a look at where stocks are trading. we were little changed before the open and we remain little changed. snp slightly in the red. dow jones slightly in the green. we will get some data in about five minutes, the isn manufacturing report, which is forecast to show a rise last month from the prior month. in terms of what the treasury market is doing in advance of the report, not much movement on the 10-year note. 2.51% right now. as we enter a new month of trading, traders need to be prepared to be wrong as conventional wisdom was tossed out the window. for more on the markets, we are joined by mike reagan. he writes a regular column on some of the vagaries of the market. what were some of the bigger surprises in may for investors? clichÉ,u follow the old sell in may, go away. i was not the mon