although what we saw from jean—claude juncker is jean—claude juncker gave a drop a win and back downood to see you. thank you forjoining us on the business briefing. georgia green from london is a cordon bleu—trained cake maker who worked in cafes and baker's shops, looking for her big break. then it came, when the famous model cara delevingne bought one of her cakes and tagged her on instagram. she milked the publicity for all it was worth and launched a company which now sells cakes through harrods. we went to her kitchen, where she told us how she now uses instagram as the main force in her marketing. i got commissioned to make a cake for cara delevigne, the famous model, and my sister said you had to go on instagram and get her to tag you. i went from about 100 followers to 6000 that day, and i think that was the very start of my instagram, and i already had that big boost. you upload a photo, people like it, people see what you are doing, and then react to it, and maybe somebody can even get in touch and order thatjust by seeing it. so the more i uploaded, the more interest i ha

commission president jean-claude juncker held it up as a sign the eu is delivering on promises made toonald trump last week in an a apparent effort to o doa trade bebetween the two sides. reporter: donald trump has certainly disrupted global trade flows, especially when it comes to soybeans. u.s. soybean farmers have seen prices for their produce plunge by 20% after their prime export market, china, imposed high tariffs in retaliation for u.s. tariffs. trade has almost ceased. the eu has taken advantage of the cheaper u.s. crop, something thatat must have been clear to jean-claude juncker less week when he promised trump the eu would step up soybean imports. the latest figures show that that process was already well underway. >> the european commission has published the latest f figures n eu imports of soybeans, s showig an increase of 283% imports of soybeans from the u.s., bringing the total share of imports o of u.s. soybeans to 37%, up from 9% one year ago. reporter: washington had already promisised $1212illion too compensasate farmersrs hurt by e dispute with china. with warmest

unfortunately, there would probably be no jobs for people like michel barnier and jean—claude juncker the european parliament which is probably the stumbling block. would you accept that the brexiteers are split on this because you've got people like dominic raab michael gove who support the prime minister's plan and people like yourself and boris johnson and minister's plan and people like yourself and borisjohnson and david davis who don't so you are pretty divided. at the end of the day, it is not the brexit we promised the british people and bear in mind the chequers proposals were just that, proposals, and they will be further eroded by negotiations with the eu. for me, being a vassal state, taking the rule book, being unable to do free—trade deals with the rest of the world, technically, we would but only on services. that is what we sell to the rest of the world. there's nothing in it for america, australia and new zealand to trade with us on a free—trade deal if all we can sell them in services unless they produce their goods under the european common rule book which they are

we heard from jean-claude juncker that he is confident the u.s.stick to their agreement in washington, but that the eu will retaliate if the u.s. puts more tariffs on cars. what do you think about this growing trade war? how does that affect the european economy? olli: it is regrettable that from the u.s. side there is a tendency to escalate the trade war, especially with china, but also with europe. serious tot find it compare chinese and european trade policies. the european union is fundamentally liberal international order insecurity welcomee, and i would that the united states do the same. what is your view on the wto? it has been criticized by americans and europeans as far as how long it takes to solve issues that come before it. a big problembe if the u.s. left the wto? olli: certainly it would damage order and the foundations of the world trade. the wto is not perfect by no ,eans, but on the other hand [indiscernible] we want to reform the wto, and one been active in engaging china and the united states from the side of the european union

wide survey, and 84% of eu citizens said we want to get rid of the change in the clocks and jean—claude juncker, said they will do it but probably not until 2021 and after we've left. a couple of fascinating issues here. one is portugal... they have the same time as us. i've falle n have the same time as us. i've fallen foul of this, i've gone from spain to portugal and i've not realised. portugal is our oldest ally. what i want to know is what happens after brexit if ireland goes to eu time, the republic of ireland, and northern ireland stays on normal time? we will have a wonky line of latitude. i can see chaos! the only reason we have this is scotland. latitude. i can see chaos! the only reason we have this is scotlandm is farmers, let's not forget farmers. i can tell you the reason it happened was during the first world war when they needed to save energy so world war when they needed to save energy so they brought this in because back then when it was oil and coal powered stations there was and coal powered stations there was a significant difference by having the hour. then it was followe

he isn't, we saw that a couple of weeks ago when jean—claude juncker was in the us from the european to negotiate some sort of agreement between the us and the eu for the us to drop ta riffs us and the eu for the us to drop tariffs on certain european products. 0nto its to see whether there's any form of agreement like that between china and the us just because there is much more at stake here —— i'm curious. and we have the two biggest economies in the world. it's interesting to see how that plays out and also then whether the trump strategy is working out, and also whether it's true what he's saying, whether it's doing the us economy any good because at the moment we have strong economic growth, lots of things working well, but it needs to be seen how far that is persisting given the tariffs are only now kicking in. a good time to say that given the circumstances. nina, thanks for that, we will speak later about the rest of the world's news. thank you. the greek government has replaced the chiefs of its police force and fire brigade following criticism of their handling of the wild

when donald trump met jean—claude juncker, what many did not realise is that the previous week, donaldf china, xijinping. the three, the us and china, with the eu somehow mediating between china and the us, they need to start the conversation. they will not be the only ones necessary to end the conversation, we need all the other coalition of silent willing to come around the table, but these two fundamental issues need to be fixed. again, don't throw the system, fix it, make it work, because it is arguably going to be in your interest to do so. do you think that this current trade dispute between the united states and china will be resolved by negotiation? china says it is going to go to the wto to raise the dispute. do you think it will be resolved, or will it get worse before it gets better? i hope it gets better. what we have in front of us is a very simple choice, either the system is taken down in the fight between china and the us, or the two understand that the system, the system meaning basically what we learned from the second world war, from the mistakes of the 20th century,

unfortunately, there would probably be no jobs for people like michel barnier and jean—claude juncker split on this because you've got people like dominic raab michael gove who support the prime minister's plan and people like yourself and boris johnson and minister's plan and people like yourself and borisjohnson and david davis who don't so you are pretty divided. at the end of the day, it is not the brexit we promised the british people and bear in mind the chequers proposals were just that, proposals, and they will be further eroded by negotiations with the eu. for me, being a vassal state, taking the rule book, being unable to do free—trade deals with the rest of the world, technically, we would but only on services. that is what we

unfortunately, there would probably be nojobs for people like michel barnier and jean—claude junckerhich is probably the stumbling block. would you accept that the brexiteers are split on this because you've got people like dominic raab and michael gove who support the prime minister's plan, and people like yourself and boris johnson and david davis who don't, so you are pretty divided. at the end of the day, it's not the brexit we promised the british people, and bear in mind, the chequers proposals were just that — proposals — and they will be further eroded by negotiations with the eu. for me, being a vassal state, taking the rule book, being unable to do free—trade deals with the rest of the world, technically we would, but only on services. that's what we sell to the rest of the world. there's nothing in it for america, australia and new zealand to trade with us on a free—trade deal if all we can sell them in services unless they produce their goods under the european common rule book, which they are not going to do. the major benefit of brexit, being able to do free—trade deals

like european commission president and man not impressed by his grandson's magic trick, jean- claude junckeret with trump at the white house today to try to talk trump out of his trade war with the e.u. and, in anticipation of the visit, yesterday trump tweeted, "the european union is coming to washington tomorrow to negotiate a deal on trade. i have an idea for them. both the u.s. and the e.u. drop all tariffs, barriers, and subsidies! that would finally be called free market and fair trade! i hope they do it, we are ready- - but they won't!" ( laughter ) well, not with that attitude. ( laughter ) that's like if your psychiatrist said, "it would be great if we could figure out your issues with your mother, but ain't no way that's happening, mama's boy. ( laughter ) uh-oh, here come the waterworks. go ahead and squirt 'em." and juncker is ready to go to the mattresses here. responding to trump's threats of steel and aluminum tariffs, juncker said, "so now we will also impose import tariffs. this is basically a stupid process, the fact that we have to do this. but we have to do it. we will no

trump said the eu is almost as bad as china, just smaller >>> european commission president jean-claude juncker reacted this morning saying the eu will be forced to respond if the u.s. goes ahead with tariffs on automobiles >>> rounding out the triple play of trade today, maybe some good news united states trade talks with canada are moving forward nicely the two sides rushing to strike a deal by today's self-imposed deadline set by the trump administration earlier this week if you're confused by the trade stuff, do not worry. you're not alone there's a lot going on joining us to clear it up is jimmy petakoukus we have trade with china, eu, canada, it's happening all over the world. the point about the 2$200 billin number i keep seeing 200 billion in tariffs. that's factually incorrect it's 200 billion in tariffs ones good and services. they're very different things, are they not >> they are different things, but still a big number, especially if the tariffs in china go to everything go to all things, then 5$500 billion, 10% on 500 billion is a lot of money i expect before this is over we will

we had jean-claude juncker who flew to washington, they did a deal so everyone is watching the dynamicis treating this does he see this as a way to impose tariffs and make america great again or is this what he did in the private sector, you make the extremist point, roll back as you negotiate. the only one he's still at war with now is the chinese. for the allies, is he rolling back from those on the hill, from steve mnuchin it's hugely watched in europe because of that. whether trump means what he says or he's beginning to roll back many of these attacks. >> if anyone is still surprised by the president's tactics, they must have crawled out of a rock or laned fr elanded from mars this has been happening since the election nearly two years ago. he throws a firecracker in the room, runs out, then he goes back in and tries to work it out. this is no longer strange. >> remember, he has followed through on many threats. there are the steel and aluminum tariffs that the europeans are upset about. originally we thought this was about china, but china doesn't export much steel to the u.s tho

think the threat of fresh tariffs on european cars is off the table after that meeting with jean-claude junckereks ago? >> difficult to comment. i think there's a negotiation going on here. i think the offer from the european union is good europe has had 10% duties for many, many years, where u.s. has had 2.5% so going to zero is going a bit in the direction of u.s. which should be positive let's see how this negotiation ends up. >> switching tact a bit. let's talk about the ipo i want to ask you whether the ipo of 15% of your group is still on tract to happen by the end of this year, and if so what could derail that timing >> it's an option. we are looking into that option. it's a decision for our owner, if he wants to do that or not. it's an option it's an owner issue. >> we have to leave it there thank you for joining "street signs" today. >>> elsewhere, sage shares plummeted to the bottom of the stoxx 600 after the software developer announced its ceo will step down next may the cfo will run the company until a new ceo is appointed the news comes as sage reports slower subscription growth i

nejra: jean-claude juncker responded this morning, saying that the eu will retaliate if trump raises tariffs. joining us is our international government executive editor and also joining us for the hour is christian keller and james athey . before we get to the trade story, i just want to quickly break some news coming through from the bank of japan. size of someng the september jgb buys. i am not sure if the yen is reacting to that. i would it not expect that it would react too much. 2%.lar-yen up by 0. that is pretty much what we have seen for a lot of the session. let's get back to the trade story. we heard a number of things from president trump. where-ranging interview trump talked about the wto, the eu, and china. didn't come through as a more hawkish stance from the president? >> certainly -- did it come through as a more hawkish stance from the president? trump, president everything is a deal, good or bad. he will look at you and say, what am i getting from you? he is very transactional. the other things that these comments tell us is that he is under pressure at times. the m

today, which is really key, just remember a month ago the president of the european union, jean-claude junckern the white house, walking after a day with trump, we'll do a u.s.-european trade deal with all tariffs zero. that broke the logjam. that was a month ago. we have europe on our side. mexico on our side. it will be a land rush to do a deal with trump, while there is deal to get done. every deal that gets done makes it easier for the next guy to do a deal. president xi xinping will not have to last face anymore giving in to trump because everybody has! liz: the mexico deal is template for the other deals the way i look at night go to the u.s. trade representative website, read the facts. read the text on intellectual property. that is how to do it right. liz: raises auto worker pay in mexico by more than double. let's get to the "new york times" op ed. the times published an opinion piece short on facts but very long on opinion about why the message of socialism is now resonating in the u.s. it was by a brooklyn college professor by the name of cory robin. this professor does not mention

president of the european commission, jean-claude juncker, seen here meeting trump for the first timeaughter and applause ) trump-- trump-- "i'm going to throw pennies in your mouth. hold still." trump and juncker met at the white house yesterday and juncked an agreement out of their butts to de-escalate our trade war with the e.u. europe kind of agreed to buy some more soybeans or something, and maybe some liquified natural gas-- it's kind of vague. and in return, trump agreed not to impose hefty tariffs on european cars. and he was thinking about it seriously, because associates say, "trump is enraged by all the bmws and mercedes-benzes he sees in the u.s." yes, those mercedez-benzes, they're everywhere. i hear one even managed to sneak under the president's butt. ( laughter ) we got a great show for you tonight! jake tapper is here! (tcheers and applause ) ( band playing ) crabfest is back at red lobster, with our largest variety of crab all year! like new crabfest combo. your one chance to have new jumbo snow crab with tender dungeness crab. or try crab lover's dream. but hurry in

earlier, she spoke to the president of the european commission, jean—claude juncker, by telephone.mer residence. it all looks pretty peaceful behind you. is there much chance of a bit of harmony from this meeting tonight? well, the harmony has already broken out. think of the symbolism of one leader cutting short a holiday because they were invited on the first day of the other leader's holiday for a discussion. it is clear that they both want to send a message that the relationship between the uk and france will be strong whatever happens with brexit. remember, president macron is also setting up this defence initiative outside the eu which he is very keen for the uk to ta ke eu which he is very keen for the uk to take part in. it is a bit more complicated than them versus the uk. that said, i am sure brexit will be a big subject over dinner tonight. mrs may is on a personal mission to explain to eu leaders the contents of the white paper that the government published a few weeks ago. it wants it to be the basis for the political declaration that will emerge from the brexit talks

party candidates to take up from john european people's party candidates to take up from jothean—claude junckergn minister slightly changing his june, like the german foreign minister slightly changing hisjune, saying there can be a special deal with the uk. that was not the language michel barnier was using three months ago ora barnier was using three months ago or a year ago. that is a little bit of hope for the uk, but he cannot just negotiate in an unravelled situation. he has got strict limits for marching orders from those 27 governments and the uk will not get much more than what other countries have been given. at the beginning you said michel barnier still thinks there are divisions in the uk government. dominic raab is saying we have got over those divisions and we have got over those divisions and we are all on board and we are ready to start negotiating. yes, it has been chaotic and we are on the same page now. is that an argument that has not been bought in brussels? yes, i think brussels wants to see the conservative party unite at its conference around the chequers plan. the real

the sentence was later reduced to 14 years. >>> european union jean claude juncker says if the u.s.d vehicles, the eu will do the same. in an interview in germany this morning, he said that the eu would not let other countries determine its -- >> can we slow down on this. president trump said he would love to end all tariffs. the problem here is the issue with the trucks? i'm still not following exactly what happened. they offered to roll back on cars and not trucks? >> the eu is calling the president's bluff on this. >> is it that? i don't understand the details. >> we have a 25% tariffs on light trucks and we had them since the early 1960s, i believe, and it's helped create a dominant light truck business in america it's a big business for the autos. europe has a 10%, i believe, import tariff on u.s. cars. >> take them all down. >> yeah. >> make them that offer. >>> amazon shares are higher in premarket trading, been up for the past five trading days gaining 5.3% over that time. where's the trading -- definitely headed below 1,000. at any moment, definitely headed back down. you k

two weeks zero, we had jean-claude juncker have a meeting in the white house where the auto tariffs were on hold. that is the inflection point for me in germany and northern europe. the big risk for the german economy and german market was the auto sector, which takes up some much of the dax index. you cannot by the index without being exposed to european auto exporters. that was the inflection point for me. i think germany is a great place to go. i think northern europe is safe. i think france still has a question because some of the french banks are exposed to italian debt, and to turkish debt. the turkish debt situation is interesting because the problem is not so much on the sovereign side. bank ort is either corporate debt. david: the business community says they would like tighter monetary policy as well. imfia: the thought that the could come in and do a package and save the day, that will not happen while there are u.s. sanctions against turkey. the only real solution is to raise rates. until that central bank does it, you are going to be stuck in a problem. nyid: alicia levine o

tariffs are still in place, and the deal with jean-claude juncker that president trump struck calls forficant shock. the sales growth, as i mentioned earlier, most of that us from international markets. u.s. market is a little more mature. it is really where you are getting that growth, which is overseas. david: interesting -- alix: interesting third looking at germany and u.k., they are doing really well. france be a little lighter a lot less they are big players on the market. they said they will be looking at a 10% rise increase. -- price increase. the fact that you see people buying these bourbon brands is important to them. alix: fairpoint. brooke sutherland, bloomberg opinion, thank you very much. michelle gerard will be joining us. this is bloomberg. ♪ this is bloomberg. ♪ alix: this is "bloomberg daybreak." i am alix steel. happy wednesday. just a few minutes from the second quarter gdp. s&p futures in touch negative after setting a record yesterday. equities inching their way up into positive territory. the dollar declined on the euro-dollar. a breakthrough at $117, now we are

they want to nail down the details of whatever president trump and jean-claude juncker agreed to.n escalation? >> i don't think there is a term sheet which two. and cross. and younger came out of that meeting there was a question whether it was exquisite stash explosively omitted. the auto tariff investigation continues. that report is filed in the next couple of weeks. there is a separation between china and the other trade matters. there is frustration with national security folks and others who view china as a geopolitical threat. wanting to address these issues. if you had not done steel and aluminum tariffs on most of our allies you probably could have .ad a coalition others would have been there. it is a case study in sequencing. if you lead with 301 in china and cap the 232 steel and aluminum stuff to the sidelines, it would have had more support thoseress china with global imbalances that need addressing. hard to go backwards. thank you for joining us today. coming up, venezuela adds to the chaos. currency dealt that -- devaluation in history. this is bloomberg. >> this is

the press conference with jean-claude juncker with the european commission went very well. be working towards agreements on particular trait issues. hold off oney would escalations of others during the process of these negotiations. but does a negotiations and things change. emmanuel macron had pointed out that these are not the circumstances medically the way this is going. backstory on that politically inside europe is very important right now. i think from what we are hearing, the focus is turning more towards china, it's narrowing. you will still have this investigation about the national security impact of auto imports in the u.s.. these reports will be out in the next month or two. the secondary impact of the honors trade is very important to the economy. it's not as simple as commodities where it moves from one place to the other. the supply chains are more fragile. guy: you can find all the president tweets on your bloomberg. he was talking about pennsylvania, he was talking about steel. is what has happened so far delivering in those key areas for the president? is

>> well, jean-claude juncker, the commission president in his state.ean army, air force and navy by 2025. now, it may be walter mittty stuff in terms of their financial spending and their commitments but i'm worried, i'm worried when macron and merkel speak like this, that we're seeing a direct threat to nato, something that i think has been a very good thing for the world for the last 70 years. stuart: i have to explain to our audience, nigel, there is a terrible delay. it is about five seconds between the time when i speak and you hear me. so i have to cut this short because i like a conversation as opposed to a series of statements. you're nodding head, you're smiling. i can tell that you understand. that is very much appreciated, mr. farage. we'll have you back when we have a direct connection. that's a fact. nigel, thank you very much indeed. >>> morgan stanley up grading the bhatti product makers, coty and estee lauder. green arrows for both of them. both up. >>> google introducing new services today to help our veterans. next we have a guy from