and we are just waiting for daimler to move.vernight, we heard earnings be expectations significantly. benz le of mercedes soared. we are just waiting for that to move there. caroline? caroline: we are always a bit of a laggard when it comes to the german market. we are also getting numbers from bmw coming up on the june 6 sales, car sales were up 5.6%. the brand of bmw, the sales rose almost 10%. the automobile maintenance today. most of them are on the green on the index that tracks all of the automakers on the stoxx 600. now, let's look at other corporate movers. says despite the brexit result not being the one he had hoped for, the company will move on. and the waeak pound might even e helpful. >> it is certainly not the decision i wanted or believed in, but it is what it is and i'm always a glass half full kind of person. certain ways,s in but we have always done business globally. we trade around the world and any trading agreement is something that we will always work with, no matter you know, what happens throughout this

news last night from daimler earnings, they beat expectations significantly for the second quarter.ompany is setting aside more airbag recalls and legal charges, just checked daimler shares and they are up 4.5%. in 2016, vw down 20%, m w down 25%. let's just finish with the yen, high expectations we will get a fiscal stimulus package out of japan in the wake of the success of the ruling party. this is a two day chart for the yen against its peers. all 16 peers are rising. 2.2%,day, the dollar rose the biggest daily moves since october 21, 2014. in's not forget the dollar 2016 is still 14% lower against the japanese currency, the biggest annual fall since 2016, but the yen is falling for the second day. francine: thank you so much. european union finance ministers are meeting for the first time since the brexit vote with theresa may due to become the next prime minister. they now know who is in charge. ryan chilcote is in brussels. what has been the reaction to her appointment? the finance ministers have been pleasantly surprised. i was talking to the irish finance minister yesterday

daimler reduced its outlook on the truck market a few weeks ago.ll a difficult market, just to see where the truck market is going right now. guy: let's stay with the idea. elon musk has got designs on that space as well. he is talking about building trucks that have autonomous driving, as well as mass transit. he is a lying this with -- he is aligning this with the solar business. how does this fit into the wider picture, what elon is saying? chris: it is kind of what you expect out of elon musk, you know, thinking big. i think one of the interesting things he says in the statement, the tesla semi is at an early stage of development. and then he says it will be ready to be shown next year, which is a very aggressive plan to role that out. typically, a truck takes quite a long time to develop. so, it is kind of interesting, if he really can pull that off. it is obviously, what is pulling telsa. out of he have got designs with electrifying anything from buses to trucks. um, you know, it remains to be seen right now. the truck market is very differen

daimler down by 25%. sticking with autos, peugeot slower due to brexit. european auto sales to weaken rather than collapse coast brexit. nault -- rent out -- re down. hillary clinton and bernie sanders are scheduled to onear at a campaign percent a portsmouth, new hampshire. bernie sanders is finally signaling his support of the nominee. hassan. now, maggie you can watch the event on bloomberg. let's check in on the bloomberg first word news. courtney has more. obama is onesident his way to dallas to meet with the families of the five officers killed last thursday. the president will speak at the memorial service. mr. obama will meet with george w. bush. lives in dallas and will speak at the service. paul ryan is taking another shot at obamacare. affordable care act for what he says has premiums.le >> people are sick and tired of double-digit premium increases. obamacare is failing. it is collapsing. it is going to ration medicare, denying choices, and it is making it harder for families to afford health care. >> last month, ryan proposed a racing obamaca

in europe, another uber competitor teamed up with daimler's ridesharing service.ina you have didi and lyft teaming up. in europe, how well-positioned is uber vis-a-vis the competition? gabe: not positioned terribly well. they made some big mistakes when they entered into europe a couple years ago. the governments of various countries were not happy with their behavior, so they have left the door open for people like daimler and halo. they are doing much better in asia. i was in singapore and shanghai recently, and you can get an uber within minutes. lyft got a risible partnership with grab taxi. there are a lot of interesting partnerships going on, but europe is going to be one where i think the taxis have more of a hold on the market than in asia or the u.s. thanks soe klein, much for joining us. up next, our weekly roundtable on vc trends. this week, talking health tech. this is bloomberg. ♪ mark: i am mark crumpton. this is your first word news. donald trump says he has never met russian president vladimir putin, and is not convinced russia was responsible for

reporter: breaking up a 14-year-old cartel, the european commission has found man, volvo, daimler, anddas guilty of coordinating trucks' factory prices. they communicate it on when to technologiesssions and pass the costs down to consumers. they are being find close to 3 billion euros. determine truck maker was the one who revealed -- the german truck maker was the one who revealed the existence to the commission. inflated truck prices had a direct consequence on the european market. >> our objective in this case and in cases like this is to ensure that competition, innovation and better use of resources benefit consumers. makers tookt truck part in a cartel rather than fully competing with each other is a clear infringement of eu competition rules. reporter: it is currently unclear whether the decision will affect goods prices for consumers. together, the five truck makers account for nine out of every 10 medium and heavy trucks produced in europe. an investigation into a six truck maker from sweden is ongoing. william: staying in brussels, the eu has launched a legal challenge agains

the top gainers included daimler and b&w.fit falls due to weak demand in asia and europe and the strength of the swiss franc. estimated sales are to have declined about 12%. of watches say costs are increasing after decided to retain employees, despite the slump. shares of herbalife moving higher today after reaching a $200 million settlement with the federal trade commission, which says that the maker of nutritional shakes is not a pyramid schema. and'sment with the ftc than two years of investigations that follow the shortselling campaign by bill ackman. herbalife says its board has freed investors by 35% of the shares outstanding. that is your business flash update for this hour. b, you say herb. scarlet: tomato, tomato. we could go on all day. mark: we are literally five minutes away from the end of the friday session. it's been a day dominated the tragic events that unfolded last night in nice. as has been proven again and again, it it is something that is worth repeating again and again, the impacts of past terror attac

grapples with the fall at its diesel emissions scandal, so it have to get those out of the way, and daimlerercedes ben's maker for adjustments in costs ccurred due to the takata thanl, which cost more $550 million behind for mercedes and that is your bloomberg business flash update. oliver? minister new prime upcoming. in britain, one candidate dropped out. >> the immediate appointment of a strong and well supported prime minister. i am therefore withdrawing from the elections, and i wish may the greatest success. i assure her with my full support. -- oliver:: joining us on the phone is simon, who oversees news there. itll us, where does this brex take us? simon: she has been a secretary, dealing with things like immigration, a safe pair of hands. sher to the referendum, don't with various issues, and also her party. party wereative known as the nasty party in order to reinvent themselves, so not afraid to speak truth to power. she is a stabilizing force among some of the candidates who were there before her, and she will that at theuild on time they are in a bit of crisis. she will try to

daimler had a program and trained a bunch of people and hired relatively few of them.es, it works to some degree, but only a few people got jobs. david: there's a piece on banking in silicon valley. we hear so often how hot the real estate market there is. you now have banks bending over backward to help these very young millionaires -- i guess in some cases billionaires. >> there are very expensive houses in the bay area. david: more than $1 million. >> over $1 million. there are a lot of people who have only acquired wealth recently or are on the verge of acquiring wealth, so banks on -- want these customers and are creating this white glove service to lure them in. sometimes it's very quick turnaround, 48 hours or shorter, on if you get your mortgage. they'll do an analysis of assets. these people have shares. it's not all liquid, and they will help you analyze your portfolio so you know how much house to buy, but in any case, they are making it a lot easier to get a mortgage than it would be for you, david. david: [laughter] that is certainly true. is there any ris

daimler is trying to chase -- and it looks like it should achieve that. >> good to have you back, simon. >> nice to be back. >> stock ares -- as the s&p continues to rise. could the dow join in on reaching those new highs as well? let's bring in howard silver, and jeff klein. howard, we'll start with you, every time we get to these levels we talk about the valuations, and the fact that earnings may not look that good. are we going to be talking about that this time around? >> by the end of this month we'll have over 70%, so it will put it more in perspective. the speculation could last for another day or so, but the actual numbers will start to come in. the negative part, of course, is that the banks are the first one out and they'll be the most tested and most most questioned, especially with low rates and what's happening in the uk. >> well, jeff, we've been hearing about how lower rates have been helping people get cheaper mortgages, helping companies refinance 30-year debt at prices they used to pay just six months ago, but what do you expect the effects will actually be of a yield

daimler says the heavy truck will have a range of 120 miles per battery charge.nveiled last week. sales better than expected at lvmh. revenue in the wine and spirits business was up in the second quarter. the u.s. and europe but more champagne. sales of the fashion and leather goods business unexpectedly rose. bancofo of spain's is taking a wait-and-see attitude towards brexit. he told bloomberg television it is too early to access the long-term impact of the brexit vote. >> longer-term, i think we need to see how the economy does and what interest rates will be. obviously we are highly committed to the u.k. we have one of the largest banks in the u.k. we think the adjustments will be temporary in any case. we continue to strive to gain market share and to have a stronger presence and a deeper presence in the u.k. mark: the bank absorb costs from closing branches and cutting jobs in spain. that is the latest bloomberg business flash. vonnie: mark, thanks. it is a testament to how things have changed. we have a fed decision due at 2:00. it is widely expected they

daimler has posted a strong second quarter. margins for cars and trucks exceeded expectations. peugeot pew jot. pew jot also warn nad the european market could see a small decline in sales following the brexit vote. when looking at ahold announced a repayment. the dutch retailer also updated investors on the merger saying it expects the deal to complete rather by the tend of the month. the ceo of the french luxury brand celine is going to replace burr berry. >> and shares in asos is trading higher. medium term benefit from the weaker pound. the online fashion brand has seen sales growing at the top end of the expected range. somewhere between 20 to 25%. as so is saying the uk remain as strong market. fda has approved the treatment for eye disease. come bat dry eyes which affects around 16 million people in the u.s. sold under the brand z drop. net over a billion dollars in sales per year. >> now hijacking the agenda in brussels, there's no crisis for italy's banks. who hadded that lenders should stop asking for public money to solve the problems. the head of euros finance zone

volkswagen and daimler beating expectations in germany. flagged a turbulentmina summer ahead.h zimmerman. thank you for joining us. fueling equitys markets have been a hoax of earnings being better than expected. -- equity markets have been the hope of earnings being better than expected. talk to us about what you see in germany? noticeably, airlines are taking a hit. >> yeah, it is definitely a mixed earnings season. there will be positive surprises and negative the prices -- positive surprises and negative surprises. you will certainly not see something similar in europe, as compared to the u.s. it will be all mixed. i think the reporting season will be neither fish nor fowl. we are still talking about stagnated earnings in the upcoming season. caroline: what is weighing most heavily at the moment? note,lk about, in your that we could actually see at times, more defensive stockpicking. is that the way you are talking to your clients ahead of the rest of earnings from e urope? >> at the end of the day, it all comes down to the question, is the global economy going to accelera

v.re looking at daimler, and -- v.w. all higher. the european stocks overall sharply. we have the index for the automobile offers the last year that heads down sharply showing that underperformance. another wait and see. lastly here in the u.s., a.m.g. getting hit in the market. analysts went underperform but he has missed the big a.m.d. rally this year. let's take this call with a grain of salt, alix. alix: coming up, we have the latest on the breaking news out of dallas where five police officers were killed. and then back to markets. our job day coverage. how will wage growth be impacted? this is bloomberg. ♪ you guy's be good. i'll see you later [ bark ] [ bark ] bye. see ya pal. ever wonder what your pets do when you leave home? [ laughing ] aw you cutie pie. aw. aw. aw. aw. [ barking ] [ washing machine running ] party's on! know what your pets are up to with xfinity home. xfinity. the future of awesome. see the secret life of pets, in theaters july 8th. jonathan: from a beautiful city of london thinks bloomberg. i'm jonathan ferro. and it is official thermometer

european union has just announced a 3 billion euro fine on five top truck producers, including volvo and daimler, accused of colluding to keep prices artificially low. we will be following that developing story throughout the day. in tokyo, nintendo continued its upwards trend propelled by its new mobile game pokemon go. , topping 42 rivals million dollars on tuesday, doubling in just seven trading sessions since the game was launched. the game is available in 35 countries around the world and has sparked hopes that he could revive nintendo's flagging business. nintendo shares rose 14% tuesday, accounting for roughly a quarter of the entire trading on the tokyu stock exchange's -- on the tokyo stock exchange's mainboard. investors expressed concern euro deal29 billion arm.ftbank over some analysts say the sterling makes it a bargain. arm has dropped back in tuesday's session. netflix reported a higher than expected number of cancel subscriptions and slower growth. the video streaming service plans to raise prices this year, which analysts say is encouraging prospective customers to consider riva