let's get first word news with courtney collins. merkel is warning of deep splits at the upcoming g-7 summit, saying she would challenge president trump on tariffs and america first. leaders prepare to head to quÉbec. the lack of compromise so far means the group may fail to agree on a final statement. sensual willr's speak directly to the president about trade. j.p. morgan says fears of an all-out trade war have hit u.s. investors in the pocket. a technique tod plot the impact of news about the standoff and found that the comments and policy changes have 4.5%, stocks down by wiping one point two $5 trillion from the value of the s&p 500. theh korea watchers say regime is destroying its testing facility in one north korean city. it says it is the only known site use for land-based, mobile, medium-range launches. the report comes days before the summit the between president trump and kim jong-un. it is not clear whether the destruction is temporary or permanent. president trump heads towards the summit insisting north korea make the

yvonne: let's get to the first word news with courtney collins. courtney: president trump says he will confront china very strongly over trade in the co weeks, as his administration follows through on its tariff threat. he told foxnews china could be "a little bit upset with the clampdown." the demonstration hopes to release a list of tariff targets on friday. president trump claimed in a tweet "there is no longer a nuclear threat from north korea." he has been facing criticism for the vague statement. as secretary of state mike pompeo would only say h expectse north korea to take major steps toward disarmament by 2020. pompeo meets leaders in seoul thursday before heading to beijing. comcast made a long-awaited offer to acquire much of 21st century fox, topping a previous bid from disney for rupert murdoch's media empire. atllion. value from comcast 19% premiumesents a over the disney offer. volkswagen will pay a one point billion -- $1.2 billion find for cheating -- fine for cheing emsions regulations. it closes the chapter in the crisis, even as

let's get the first word news with courtney collins. courtney? >> president trump says he will confront china very strongly over trade in the coming weeks. as his administration prepares to follow through on terror threats.- tarrif he praised the personal relationship with xi jinping. the administration plans to issue a list of tariff targets on friday. comcast has made a long-awaited offer to acquire much of 20% three fox. -- 21st century fox. the largest u.s. cable tv it values fox's entertainment assets at $65 billion. bid35 a share, the represents a 19% increase of premium over the disney offer. volkswagen will pay a $1.2 billion incurred by a german prosecutors for teaching regulations. it closes -- for cheating regulations. the world's bigg ys settlement of the criminal case will have other proceeding impacts in europe. british lawmers have rejected proposals by pro-eu politicians that were intended to lock the u.k. into the customs u. and a single market after brexit. as a victory for changes by the upper house. still a leader of london's

let's get to the first word news with courtney collins. ey: first up, paul ryan is contradicting president trump, saying there is no evidence the fbi spied on his election campaign in 2016. ryan says he agreed with trey gowdy that russia was the target of the bureau. fact that two people loosely connected with the trump campaign may have been involved does not mean the president's team was infiltrated. >> where waiting for more document requests. we still have unanswered questions. it would have been helpful if we got this information earlier. --ly got the information we if we had gone the information we were looking for, we could have wrapped this up faster. courtney: the new italian prime minister is seeking to reassure markets with a pledge to gradually reduce the country's debt. -- former law percent for professor had unnerved people with a two-tier flat tax. but he told the lower house he respects the principles of a gradual reduction of debt. the latest wage data in japan hopes that the pay will be driven higher. the earnings in march

julia: courtney collins, we love you and miss you all the best.mberg. ♪ emily: i'm emily chang and san francisco and this is bloomberg technology. coming up in the next hour, a trade were underway. president trump imposed 25% tariffs on a $60 billion worth of china made goods and promised to add more. beijing probably retaliated. facebook is teaming up with academics for collaborations and bodies. what this new partnership means on the platform.