then we will hear from christine lagarde. scarlet: because later on, bloomberg's exclusive interview p.m. --ame lagarde at 1 1:00 p.m. today. let's get to the markets now. we are halfway through the u.s. trading day. on whats been checking the markets are doing. what can you tell us with the indexes all higher? i want to mention, going back to fiat chrysler, and the news that the doj is potentially looking into the company for securities fraud. you mentioned the stock -- it has now taken a leg lower. down by about 2%. we will keep monitoring. it may have taken a few moments for people to see the headlines. it had been up, so it is a directional change. people are trying to figure out what this means. i want to know it is more deeply in the red. the rest of the market here, stocks opened little changed. they have gained a little, but definitely a little bit. just a gaine with of half a percent, and s&p in the tightest range since june 8. the point swing we have seen has wen quite small, even as have a reversal in direction. ind

. >> christine lagarde has advice for the u.k.n the european union. ,> it is worth being together and it is the future. how turmoil in turkey is taking its toll on the market. that is all straight ahead on "bloomberg best." ♪ >> hello. welcome. this is "bloomberg best" your weekly review of the most important business news, analysis, and interviews. let's kick it off with a day by day look at the top headlines in a week that saw three of the world's most prominent ranks report quarterly earnings. -- prominent banks report quarterly earnings. >> bank of america beat analysts estimates. second quarter profits fell by 21% year-over-year. what stuck out for you? >> well, what stuck out for you is thathe banks interest margins coming in worse than expected, credit is solid. no one is talking about the fact that energy credit is stabilizing. that has been the focus. what analysts are focusing on is the consumer side. the trends are good. we are seeing reserve increases. there is talk about underwriting. the bottom line where he is we kn

scarlet: fellas an interview with christine lagarde.w we will speak with chief economist -- on the world economic report, which the imf releases and 9:00 a.m.. coming up next, three big tech copies reporting today after the bell. you have netflix come yahoo!, and ibm. the charts showing you the potential good, bad, and ugly. scarlet: this is bloomberg markets. they: let's take a look at chart that illustrates today's market moves. focus on global subscription gains as well as competition in the u.s.. what are we expecting? scarlet: what is interesting is people gaining out what the share price reaction is going to be before we know what the results are going to be because nothing's has this history of having big moves. this is what options show right now. swing 11% posted earnings. one direction or another, that would be the most out of any company in the s&p 500. chipola was the second most actively traded stock. trip advisor would follow suit. let me pull this up. if you come inside bloomberg here, this is a pretty good illustration o

manus: imf chief christine lagarde, sitting down in an exclusive interview with tom keene.ll have more on the exclusive one-on-one throughout the day on bloomberg. anna: bond trading revenue increased more than analysts had expected. manus: goldman sachs is next to report. we now have a preview. when we look at this, it has been quite a tough reporting season. what are we expecting from goldman sachs today? theire it is about customer complexion, versus everything else? >> with those three banks use the an increase over fixed income trading. they gained from the volatility around rbexit. -- around brexit. so, a lot of people will be looking to see if goldman sachs will be able to gain in the same way. anna: what has the common theme been for the reporting season? theme is thatmon this was a big ruling on the front -- a bit grueling on the front foot. everybody is watching to see if these guys can come back with some sort of a rebound. manus: let's bring in david stubbs from j.p. morgan asset management. has alreadytion undergone this. net income in american banks is expecte

christine lagarde says she was miss the download outlook. we will talk about the investment lessons from brexit exclusively on bloomberg. ♪ welcome to "countdown." manus: i am manus cranny. we've got a little breaking news for you. anna: let's start with agrochemicals. first-half net income, $1.06 billion. first-half operating profit, $1.35 billion. .he sales number, those are the numbers coming through. i have to channel morgan stanley and say it's unlikely to move the shares given the ongoing takeover bid. the committee on foreign investment in the united states, they are an inter-agency watches overt global trade, and it has been casting its eye over the cam china deal. the timing of the deal will be an interest. these numbers, just coming through. we've got a number that compares against the estimate, $1.77 billion. that looks to be a little bit light. maybe that will move the numbers, but crucially, we are looking for detail. manus: i've got lights for you? have you switched over to leds? total led-based sales, a growth of 25%. this is

christine lagarde. what listen in to christine lagarde has to say. >> revise upwards.e forecast for growth. i would have done that because area, wepan, the euro are doing better than what we had expected. unfortunately, the united kingdom decided to go for brexit. so we had to revise downward. morning, thed this forecast for growth is reduced by 0.1% this year and next year, to 3.1%. and 3.4% in 2017. this is disappointing. disappointingore is we have conducted some because the numbers i have just given you are baseline. severere scenarios. the numbers would be reduced by 0.5% for global growth >. that leads us to a few recommendations we have discussed this morning. i will mention five of them quickly. forfirst and immediate is the uncertainty surrounding -- anchor: lots of recommendations. certainly highlighting the concern about exit. -- brexit. let's talk about that. how does that impact the global growth story? >> the point is, we don't know. a lot of the forecasts are being, not revised but questioned. that is why the ecb did not do anything last night read it is

christine lagarde will speak, and i will have a conversation with madame lagarde. in the 1:00 p.m. hour monday. this is "bloomberg surveillance." ♪ scarlet: good morning. this is "bloomberg surveillance." i am scarlet fu, with tom keene in new york. let's check in with nejra cehic. nejra: buyers raising its bid for -- they are is raising its is for months -- bayer raising its bid for monsanto. upping its shares for $55 billion in cash. it was reported earlier monsanto may strike a deal with another german chemical giant, basf. first-half profits slumped by as much as 60% due to weak demand in asia and europe. the maker of omega watches, swatch, is increasing offers to retain employees despite the slum. that is the bloomberg business flash. scarlet: let's get back to our top story. the terror attack in france killed at least 84 people. we have live pictures from nice, france, close to where the attack occurred. the country is reeling from this attack eight months after the initial tax -- the initial attacks in paris last month. theresa may is making headlines in the

as christine lagarde noted in an interview yesterday.he trade uncertainty, the regulatory uncertainty, the passport uncertainty. there is a whole range of issues that need to be addressed. guy: uncertainty. that will be the word we are hearing a lot more about. what is the outlook for the country's economy and sterling? sam houston is the head of corporate fx sales. guest also -- our other guest also joins us. where are the numbers in terms of the economy? --in terms of the u.k. gdp gotten to 1.6% for this year. a significant slowdown but not a recession. guy: a storm in a teacup or not? >> the market has been relatively well behaved considering it was not priced in. relativelyn has been large by a currency perspective. and 11% move is not something we have seen in over 30 years. the rest of the markets have been well behaved. market dothe currency the heavy lifting in terms of keeping the economy on track? how much of that will be delivered by the currency as asset values and everything come down? >> it will have some benefits. people t

talk to me about what christine lagarde is recommending to be ok -- to the u.k.gotiation. tom: the first comes out with economic indicators and the real question is, how do you put brexit into the global fear? europen a continuing or continuum or is it going to rejigger everything because brexit will seal that when it comes out? i thought it was fascinating yesterday and how she twisted brexit around to the bit about how europe should act and what the actors in europe should do, but i will give you one point right now, which i think is front and center. we were at 33 liberty street downtown yesterday and the news this morning is 33 central in london. new london bridge. wells fargo is taking real estate at 33 central in london. to me, that is the first whisper of what people do, not what they say, and you are much better at this than i am because you are living in london, but the bottom line is i really wonder what people will do and not what they will say, which is christine lagarde's advice. it will keep -- in line jonathan: it will keep them play base their. to

the morning must listen, christine lagarde.t a treat to speak with her yesterday, and i love how she addressed london and the united kingdom within the spectrum of what it means for europe. britishagarde: the decision to exit the year in our view the need to consolidate the eu, to give a strong message to the european people about the benefit the euro can deliver for them. us. ewen cameron watt with i was stunned how she twisted this around into a review of what her france and europe should do. if christine lagarde was to call anyone in europe, who what she call? ewen: i think angela merkel who has said much of the same thing. this is going to be the focus of the councilman's meeting and september. it is going to be, the brits have preferred to go, what do we do next? more europe or less europe? one of the reasons the referendum failed from the european point of view was a positive aspect of europe simply was not solved. tom: i am fascinated where the dialogue comes from in the coming quarters from prime minister may and her te

in the one hour, my conversation with christine lagarde.from new york, this is bloomberg. ♪ ♪ guy: i am guy johnson in london, tom keene of course over in new york. bank coming in paying for u.k. chip designer. arm. the surprises it is softbank rather than a stock like intel making the acquisition. the is the yen versus british pound. you can see both have risen over the last few trading sessions. saying this was not a brexit trade. now is the time to commit to the u.k., he says. tom: i will go with it. i think we will see a lot more of this action based on what i have seen. whether it is a golf course or a technical jewel, you wonder where it will end up. cleveland.focus on thanks to mark halperin. mark halperin and tom heilemann tonight with their expertise. she does not work in newport beach, she holds court in washington looking at policy. we could top for two hours this morning, there's is that much going on. let me cut to the chase. is donald trump throw-business? >> that is part of what we are looking for me few days, to see whether

look at: when i political instability, you look at christine lagarde.ill sit down with her so what is your first question? tom: she will speak about some of the inside baseball. go to theu have to immediacy of turkey and what institutions can do to assist mr. erdowan. 6000 were detained it may be another 3000. the scope and scale of this is the equivalent to 25,000 people being detained in the military. then you have to go to the challenges of europe which has been an institutional focus from the imf. year,an: this time last bright red was a message from the federal reserve. what is the message from the imf today? tom: the message for the central banks is that you cannot it alone. christine lagarde was way out front a good two years ago to say to the united states that you cannot solve this through hi and the others. there has to be a national response to growth. she looks pretty smart about weaker economic growth in the future if not out out right global recession. jonathan: later today, tom will sit down with christine lagardere. alix: to the politics

the imf chief christine lagarde lamed brexit for downgrade to global forecast.rest of the world is doing better than expected. today tohoping to come for the first time in six years revise upwards. the forecast for growth. i would have done that because china, japan, the euro area, were doing better than what we had expected. but unfortunately, the united kingdom decided to go for brexit. .o we had to revise downward haslinda: rupert murdoch will succeed roger ailes as the head of fox news channel. the 85-year-old founder is taking on the role to ensure continuity in the wake of the followingn of ailes accusations of sexual harassment. the cable not network accounted than two thirds of operating income at 20 century fox. global news, howard by 2600 journalists in 120 countries. manus: thank you very much. let's get back to the event christine lagarde was at every the global economy is resilient. this year, the system has faced two spikes of uncertainty and risk aversion. it has demonstrated its resilience. meanwhile, vodafone reported results and says growth rem

christine lagarde says they expect be british gdp to be thanen 1.5% and 4.5% lower if it had remainedthe eu osborne said he believes there will be an impact of the downturn, again, uncertainty about the looming eu. from the mergingng in favor of in a deal that was agreed earlier this year with deutsche boerse. what one person had to say. >> they want to come together and marry, so to speak, but there are legal uncertainties. we do not know that the britons are leaving. i do not believe that they are leaving. but it makes no sense to have a london headquarters now. until july 12,be heen the torture -- the deutsc shareholders will have a say. they ended down about 1.2% today, but let's check in on how the wider european equities did. many down in the red, the ftse , and and the cac 40 down the brexit is still weighing on investor sentiment. meanwhile, wall street closed today for a public holiday, as americans are celebrating their independence day. time now for a look at some other headlines at this hour. starting with a new ceo at air france, klm. officially taking over today, he will

in an exclusive interview with bloomberg the imf chief christine lagarde says quick action by turkishnk in the financial authorities have taken very immediate and very concerted measures to avoid an economic and financial disruption. we could have had that. all of us were on alert monitoring the situation. making sure that they took the right measures. i think the turkish authorities have all reacted very strongly and in a concerted way to make sure there would be liquidity available and the banks could it is down by about 3%. the currency of turkey. there was an orderly functioning of the markets. angie: he is the managing director and research at arkham capital. given the regional instability it is very common but it is being absorbed back into the markets. how did that play out regionally for banks? think when we look at the middle eastern banks we can see the qatar national bank was just buying one of the largest banks. it has a significant exposure to turkey. these were the banks to watch. yousef: what is going to give us more clarity about the health of companies in this sector?

ok.ef: checking in on the first word headlines, -- >> christine lagarde was ordered to stand trial ones of negligence. her job is imf -- head of the be ok.ms to enjoys strong global support. found ministers guilty without having them actually serve jail time. torrential rain sweeping through china has killed 154 people. reportedhe casualties from the north and -- northern province were villagers complained about lack of warning before a flash flood. it came to light through social .edia posts of villages angry officials claimed they had been no deaths. the islamic state claimed responsibility for attacks on afghanistan's capital in 15 years. the suicide bombing on a peaceful protest in cabell killed 80 people. it is the first time they have struck the city raising fears of their strength and capability in afghanistan. global news 20 for hours a day powered by 2600 journalists and analysts in 120 countries. the secretary-general says is making turnabout brags it is how to get it done with the least disruption possible. speaking from the finance meeting, he says it depends on how the u.

despite that an exclusive interview with numbered, christine lagarde sent a quick response by turkey'solicymakers did help to calm investors. >> the central bank, the financial authorities have taken very immediate and very concerted measures to avoid any -- and economic and financial massive disruption which we could have had. we were on alert monitoring the situation and wondering if they would take the right measures. the turkish authorities, central-bank come finance ministers, treasury operations have reacted very strongly, in a concerted way in order to make sure there would the liquidity available, that the banks could function and markets reaction was relatively moderate. juliet: they are attempting to rein in new zealand's housing boom by restricting the amount of money investors can borrow. acquireral bank will investors to have a deposit of 40% if they want to buy anywhere in new zealand. currently investors in auckland must have a 30% deposit. the new legislation will be introduced from september 1 and it paves the way for a rate cut. to cutve been hesitant the cash rate fo

a meeting in china, members of the g-20 discussed renewed efforts to use this go -- christine lagardeaid 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 wales at sea -- as she seeks a u.k. wide approach to brexit. global news, 24 hours a day, powered by 2600 journalists in more than 120 countries. of course, you can find more stories on the bl

courtney: christine lagarde will have to stand trial from her ase stemming from her time finance ministerhillary clinton may announce her running mate the a text message today. that is according to a person familiar with the plan. all eyes are on virginia senator tim kaine as a likely choice. the obama administration have been advocating for cain. he was also in the running in 2008. bill clinton is also said to have favored cane -- said to favor cane. is also seen as a top contender. donald trump vowed to steal off the border -- mexican president penn? is at the white house to speak with president obama. are expected to discuss border security along with trade and drug trafficking. they will be holding a news starting at 11:45 eastern time. -- poweredprinting by 2600 analysts and journalists in 120 countries. nejra: let's move to the pound now, which is falling for the fourth week against the dollar. will it add more stimulus when it meets in the coming week? joining me is richard jones. great to have you. let me start with the boj. weaker yen,g a something the bank of japan has wanted th

christine lagarde spoke about the impact to the china form in beijing. was hoping to come today -- for the first time in six years revise upwards the forecast for growth. i would have done that, because china, japan, the euro area, were doing better than what we had expected. unitedortunately, the kingdom decided to go for brexit. to revise downward. alex: that was the impact on the global economy. we want to take a look across asset classes over the last four weeks. you can see this is what happened. it bottom quickly, then pushed higher. more positivea story in the ftse 100. sawuse of its exposure, you quite a rally after that selloff from brexit. it really popped to the highest levels in the year. in the currency markets it has been a different story. this is the sterling dollar. we saw that huge selloff. we were a touch higher but have not recouped those losses. has been a story of volatility in particular the yen. remember when it moved to 99? that was huge and i did that vote. what it into u.s. equities take a look. an unbelievable record day. it w

imf chief christine lagarde has blamed brexit for a downgrade to global gdp forecast. the rest of the is doing better than expected. toi was hoping to come today , for the first time in six years, revise upward the forecast for growth. i would have done that because china, japan, the euro area, were doing better than what we expected. , the unitedy kingdom decided to go for brexit. so we had to revise downward. nejra: bank of england governor mark carney said 2016 has seen the world's financial system weather two major threats. >> this year, the global financial system has faced two spikes of uncertainty and risk aversion. throughout those periods, it has demonstrated resilience. nejra: france's private-sector economy showed signs of stagnation in july. composite pmi stood at 50. continued slump in manufacturing output he raced a return to growth in services. global news 24 hours a day powered by more than 2600 journalists and analysts in 120 countries. i nejra cehic. this is bloomberg. manus: that was a shocker in terms of pmi data. we saw the pound react on the downs

later today, tom keene is going to sit down with managing director christine lagarde in an exclusiven from the new york fed. that is 1:00 p.m. in new york, 6:00 p.m. london time. a must watch interview. you are watching bloomberg markets. this is bloomberg. ♪ >> it is 11:00 a.m. here in new york. i am vonnie quinn. >> live from london. you are watching the european close on bloomberg markets. ♪ we will take you to istanbul and tokyo in the next hour. here is what we're watching. soaring on the news that softbank will acquire the company for $32 billion. the 43% premium pay. bank of america posted higher profits in each of its four main businesses. bond trading revenue increasing. we will get an analyst's take on the recent quarter. then, focusing on investment in turkey. failed coup attempts over the weekend. whether it is time to buy and sell amid the latest tmo

amazing how christine lagarde , thes to the response market response, to the attempted coup and the policyesponse. it was all sort of cordial response. let's not all blow it out of proportion. what do you make of it? jonathan: i watched it from start to finish. it was quite interesting what started off looking as if this is going to be a big event and it hit markets very hard, ended --looking like this is just he will take more power. the concern now is a longer-term concern. the short-term as you say, markets have not reacted very much. .anus: stocks were down 7% the lira lost 5%. i am almost waiting to catch up with my market wrap on that. it could've been a lot worse. let's talk about global policy response. the central bank of turkey is expected to do the five basis points. there is this -- to do what you five basis points. there's this feeling that the omission could come to this. jonathan: it is the world where we have been for the last few years. there is not much else of a response anywhere else. yes, turkey is don't the right thing. we've had comments out from australia and new ze

coming up on bloomberg on bloomberg television, sitting down with christine lagarde in an exclusive interview rose in london today. finishing of equities . over the week, the stocks finish higher. the stoxx 600 dropped by fifth of 1%. declines in frankfurt and paris today. the day is overshadowed by the tragic events that took place in nice yesterday. you're watching "bloomberg markets." this is bloomberg. york.e: it is noon in new welcome to bloomberg markets. good afternoon, i am vonnie quinn. stories fromring new york to san paolo. at least 84 people are dead following a terrifying attack in nice. a truck plowed into a crowd of revelers last night. vonnie: donald trump picks indiana governor mike pence as vice president. gets emerging market etf the biggest one-day close in 27 months. halfway into the trading

up on monday, do not miss tom keene's exclusive interview, he will sit down with imf manager christine lagarde here in manhattan. monday 1:30 -- that is at 1:30 p.m. in new york, 6:30 a.m. inlondon, and 1:30 hong kong. ♪ matt: i am matt miller. >> we have 30 minutes away from the closing bell. matt: let's check in with the headlines. here is mark crumpton. mark: president obama says the united states will stand with france following last night's terrorist attack in nice. public bank -- president obama: we come here with heavier hearts the normal. overnight we witnessed another ongic and appalling attack the freedom and the peace that we cherish. today our hearts are with the people of france and with all the innocent men and women, and so many children who are hurt or killed in this sickening attack. earlier today the president signed a proclamation honoring the victims in nice. it calls for flags in federal properties to be lowered to half on july 19.sunset france from moreland says -- francois hollande says -- he 202 the number wounded at with 52 in critical condition. he says the investigat

later today, tom keene will sit down with imf managing director christine lagarde in an exclusive conversation♪ ♪ >> this is "bloomberg markets." breaking news. fiat chrysler is under by thegation for fraud u.s. justice department. prosecutors are scrutinizing whether fiat chrysler violated u.s. securities laws. at thesem looking stock now. it has taken a leg down. it is still showing green for the day. it is still up about 3/10 of 1% at 677. they had been up 2 1/3%. so investors not really selling off the sales. >> and the spokeswoman for fiat chrysler did not respond to a call seeking comment. we can tell you a chicago area dealer alleges fiat chrysler inflated u.s. caals by paying dealers to report more car sales than they did. chryslergain, fiat under investigation by the u.s. justice department for fraud, accog

president aired a gone -- turkish president erdogan -- >> in the aftermath of that failed coup, christine lagardehe highlights from that exclusive conversation. we are s

imf chief christine lagarde will have to stand trial in a case stemming from her time as french financeinister. betweenid to dispute bernard happy and a government arbitrator panel. mcafee was -- one of aviation's greatest mysteries may remain unsolved. the missing malaysian jetliner search will be suspended once the current search in the indian ocean has been scoured. officials admit that the likelihood of finding the plane is fading. the plane disappeared more than two years ago. global news 24 hours a day, powered by more than 2600 journalysts and analysts in more than 120 countries. authority -- this is bloomberg. to cleveland.go donald trump is expected to speak at a campaign event there any moment. we have been covering all of the ups and downs this week at the convention. she joins us from a much different quicken loans arena from just an hour ago. did the speech resonate with voters? it is going to be interesting to see how this one plays out. the consensus last night, if you look at the headlines and reviews, people talk about dystopia, people talking about these teams on terro

christine lagarde could be 1914 all over again. i will explain. here is cheryl casone. she will take you through the next hour. >> don't tell me i'm not sophisticated. sophisticated word of the day. house republicans grilling fbi director james comey about his decision not to recommend charges against hillary clinton. hello, everybody, i'm cheryl casone, i'm in for trish regan today. welcome to "the intelligence report." on tuesday comey outline ad laundry list what sounded like crimes of the former secretary of state in handling classified emails. he took a right turn, letting her off the hook, calling her careless, not criminal. today comey was forced to explain the difference. >> i see evidence of great carelessness, but i do not see evidence sufficient to establish secretary clinton or for those who they were corresponding, both talked about classified information on email and knew when they were did it, they were doing something against the law. no reasonable prosecutor would bring second case in 100 years focused on gross negligence. cheryl: we'll look at politica

the highest court in france has ruled that christine lagarde will have to stand trial in the case stemminge as france's finance minister. she is accused of negligence that pave the way for massive corruption of government payout to a tycoon. virginia senator tim kaine is emerging as the leading contender to join the democratic ticket as hillary clinton's running mate according to two democrats who

and by the way, that's the fifth time in just 15 months that the imf and christine lagarde have saido slice and dice that number down. so should investors step back or dive in because this, too, shall pass? let's bring in our traders from the new york stock exchange, cme group and the nymex. you scared of buying stocks right now? >> no, no. i think the market's putting on a remarkable performance. big week last week, today's sort of anemia, but we're kind of -- anemic, but a we're kind of consolidating at the all-time highs instead of some kind of 3 or 4% pullback. and we're in the middle of earnings season, clearly the trend your friend, and i think the trend is higher for the market. liz: and, look, june housing starts came in, folks, when they actually break ground to build a new house. those were up 4.8%, larry shover, i'm a little surprised we're not seeing a better move, but coming off five all-time record highs for the dow, i'd be amazed if we saw a sixth day. >> yeah, i'm amazed too. it's like overall there's this -- the tone of the tape is a steady rhythm of confidence even

the highest court in france has ruled that christine lagarde will have to stand trial in the case stemming from her time as france's finance minister. she is accused of negligence that pave the way for massive corruption of government payout to a tycoon. virginia senator tim kaine is emerging as the leading contender to join the democratic ticket as hillary clinton's running mate according to two democrats who both cautioned that mrs. clinton could still change directions. the announcement of her pick could come today during a campaign event in tampa, florida. it follows the just completed republican convention. global news 24 hours a day powered by 2600 journalists and analysts in more than 120 countries, i am mark crumpton. emily: i'm emily chang and this is "bloomberg west." coming up, verizon can see the finish line in the race for yahoo! details on the telecom giant's $5 billion pitch. pandora opens up. one million active listeners have tuned out. founder and ceo tim westergren explains why he is not worried. and it's not a michael bay movie without an epic explosion. now you can get

christine lagarde said there was a consensus that more needs to be done to share the benefits of growtha suicide bomber has killed at least 10 people there and music festival in germany. this is according to the press association. the attacker was a syrian refugee who was denied asylum, but allowed to remain in the country because of the dangers of returning home. another attack occurred friday night, in which an 18-year-old german government killed nine people. purchase. said to this is according to two people with direct knowledge of the situation. global news 24 hours a day, powered by 2600 journalists in more than 120 countries around the world. this is bloomberg. caroline: thank you very much indeed. just the reconfirmation. there was in fact, 10 people injured in that blast we saw outside of and music festival in germany, for somebody did indeed explode themselves. so, at least one fatality and 10 injured. now, looking at the world of japan. japanese exports fell for the ninth straight month in june. this, ahead of the bank of japan's latest policy decision on friday. 78% of econo

earlier this year, it's macro economic forecasts all growth of in 2017.ng to 3.5% christine lagarde saysast will be revised up. the new development bank will hold its first annual general meeting in shanghai on wednesday. it was established by the brics countries last year and expected to contribute to infrastructure development, clean energy a focus. macau's latest visiting numbers, revenue hit a low. steadys-market remains and is in position to grow with new resorts adding to non-gaming attractions. a meeting of g-20 finance ministers and central bank governors takes place next weekend. this is the third such gathering this year. china holds presidency of the group. the meeting comes with a spotlight back on central-bank action in the face of global volatility. for corporateeek results and the u.s. as well. we are expecting some economic data. su keenan has more from new york. ahead on wall street will be all about the question, where do stocks go from here? a lot of investors weighing the potential for further gains with stocks near records. corporate earnings are projected to drop fo

we will have more for you coming up on monday because tom keene will sit down with christine lagarde.p.m. in new york. shery: still ahead, it is our mistry stock of the day. high in stocks, this stock is at the bottom. this is bloomberg. ♪ shery: this is bloomberg markets. i'm shery ahn in new york with scarlet fu in london. julie hyman has the big reveal on the mistry stock. here you have a hint again -- a loss for this highroller after it hit a lucky number year to date. despite the record high, it's at the bottom of the deck. something to do with gambling? julie: yes and the clue to the name is in the first you words. it is a loss for this stock -- is?opposite of a loss . when -- a win wynn resorts. the stock has done very well year to date. it has a lucky number of 32% year to date but it is pulling back because one analyst cut the stock to neutral from overweight partly because of valuation and it had outperformed this year. to the annualast performance, is down by 4%. analysts pointing out it had this run-up earlier in the year because of enthusiasm over the when palace grand op

according to the imf, the global economy has shrunk by $4 trillion with christine lagarde saying implementsying implementation is difficult. so once again the gulf between words and deeds evident. betty: thank you so much. much more ahead, ♪ betty: it is 7:30 p.m. sunday evening in new york where markets closed pretty hot. iron at a record. yvonne: yes, pretty hot here in hong kong, temperature wise, 70 1:30 a.m. monday. 30 minutes away from the first major market open in the region. betty: i am in new york and you are watching "daybreak asia." yvonne: let's go to first world news. have expressed concern about a ways of globalization sentiment and pledge to double down and defended the group's core principles, meeting in china one month after the u.k.'s grexit vote to promote inclusiveness and growth. verizon is set to buy core assets for $4.8 billion. the announcement comes before monday trading begins in new york. the deal was sent to include yahoo! assets with some intellectual property to be sold separately. yahoo! will continue to hold stakes in alibaba and yahoo japan. a report is cas

christine lagarde says there is little hope the forecast will be revised up, and a new development bankgeneral meeting in shanghai on wednesday. st was established by the bric countries and will contribute to infrastructure development, making clean energy a focus. gambling revenue hit a new low in macau for the second quarter. the mass-market segment remain steady. adding tos non-gaming attractions. placeing of g-20 takes next weekend, the third such gathering this year while china holds presidency. the meeting comes with a spotlight on central-bank actions in the face of global volatility. a busy week for corporate results in the u.s.. we are expecting economic data as well. su keenan has more from new york. >> the week ahead on wall street will be all about where do stocks go from here. investors weighing the potential for further gains with stocks trading near records, also corporate earnings expected to drop this quarter. there will be a focus on the economic numbers and the profit reports, and a question of where the momentum comes from. thanks remain in the spotlight with all set

another woman in the news, christine lagarde could be 1914 all over again. i will explain.ere is cheryl casone. she will take you through the next hour. >> don't tell me i'm not sophisticated. sophisticated word of the day. house republicans grilling fbi director james comey about his decision not to recommend charges against hillary clinton. hello, everybody, i'm cheryl casone, i'm in for trish regan today. welcome to "the intelligence report." on tuesday comey outline ad laundry list what sounded like crimes of the former secretary of state in handling classified emails. he took a right turn, letting her off the hook, calling her careless, not criminal. today comey was forced to explain the difference. >> i see evidence of great carelessness, but i do not see evidence sufficient to establish secretary clinton or for those who they were corresponding, both talked about classified information on email and knew when they were did

france's top court has ruled that international monetary fund chief christine lagarde must stand trial2008 arbitration ruling that handed 400 million euros to a politically connected business magnet. lagarde is accused of negligence. >>> an irish navy ship rescued 453 migrants crammed into a metal boat off the coast of libya. the rescuers also recovered 16 bodies. that ship is headed to the italian point where it will arrive tomorrow morning. >>> florida health officials are looking into a possible second case of nontravel related zika. neither of the infected patients appear to have traveled to a zika affected country and the virus does not appear to have spread sexually in either case. >>> if you think it's hot palm desert, california, been there many times, the thermometer hit 117 degrees on thursday. the mercury is expected to get up to 118 degrees today. >>> quite a heat wave. one of the hottest places on earth. that's the cnbc news update. back down to you. >> yep. hot here as well. not 117. >>> thank you, sue. a battleground stock, a product people love to hate, outspoken founde

what was supposed to happen according to the hundred experts that christine lagarde talked about it.m not arguing the demise of the uk. i think they'll come through this. i'm arguing this will be a drag for a while with a lot of uncertainty starting with the banks who don't know what environment they're going to be operating in and other businesses. what i've heard from uk government leaders is they're going to do whatever they can to provide assurance and tax issues. >> we've had six straight new highs. >> yeah, i don't think this is from the u.s. standpoint. >> okay. but that and the uk because it's pounds, but even though we're at new highs here. >> no, no. my point is for the uk and for businesses trying to sort out, it's quite a lot of uncertainty in the months ahead and potentially the years ahead. once they trigger article 50, it could be a two-year negotiation process, and in that period, making sinvestment decisions, i becomes a scenario approach. >> rich, before you go, real quick, jamie dimon with the op-ed out last week raising the minimum wage. do you see this becoming a

i'll never forget christine lagarde saying -- >> all economists agree.em. >> she said that with that iron view. just had no clue that she sounded -- the more she talked, the more she made it -- >> almost always wrong. >> the bush interview, we're going to run some in the next half hour. >>> here are some of the stories investors are going to be talking about. you just saw the futures. if that keeps on going, we'll have another fresh record all-time high which is the statement. >> a fresh new record all-time high where the averages have never been before ever. >> that's redundancy upon redundancy. the current bull market has added 12.6 trillion. >>> a tribunal found this morning there is no legal for china the nine-dash line on the map which gives them, they say, china saez, gives them much of south china sea. the tribunal suggests that china has interfered with philippines fishing rights. risk of collision with philippine vessels. >>> ben bernanke is in japan this week. he told japanese prime minister shinzo abe the bank of japan has steps available. dis