that is it for daybreak europe.open" is up next. ♪ guy: monday morning. good morning. you are watching bloomberg markets. this is the european open. i am guy johnson in london. matt miller off this week. what are we watching? round two in brussels. davis and borneo going toe to tell. -- toe-to-toe. domestic demand drives pickup, beating expectations.

this is bloomberg. ♪ ♪ manus: welcome back, it's bloomberg daybreak: europe.ren buffett's berkshire hathaway energy units has agreed to buy texas'largest energy utilizer. they invite in equity value of about $1.25 billion for 100% of the company. the takeover is key to ending the bankruptcy for energy future holdings. it's part of the biggest leveraged buyout in history. samsung electronics has topped analyst estimates with its best operating profit, income rose $12 billion at the end of june, that's as local demand for semiconductors remains strong and the newest galaxy smartphone one over customers. that is your bloomberg business flash. thank you very much. the world leaders are gathering in hamburg for the most anticipated and eventually the most turbulent meeting in years. the hostess, angela merkel, will problemsg to avoid the that happened at the g7 in may. matt miller is on the ground. matt, good to see you this morning. this is a big meeting for trump and put in. what can we expect there? that's the question that everyone is asking. how will this play

this is bloomberg. ♪ anna: welcome back, everybody, this is bloomberg daybreak: europe. s tokyo at 2:30 in the afternoon. move on dollar-yen of 02%. let's jump back to europe. we have news breaking out of france. , have adp specifically percent created in the second quarter. this is exactly in line with the consensus estimate. a quarter on quarter number. the year on your number coming in stronger at 1.8%. that is a stronger number than expected. the data has been stronger. bloomberg intelligence when he an expansion in business surveys. we are looking pretty buoyant. it should be giving the ecb more confidence in the recovery of the eurozone as a whole. see, thehat we strengthening of the gdp number. isengthening of the number more than a percent. we will see if that is indeed the case. we saw strength coming through in the consumer story in the election of emmanuel macron. that is the french story. let's stick with france but move to the corporate agenda, specifically with the auto sector. lifting their russia market forecast, saying they could grow up more than 5% in 2

that is it for daybreak europe.s for an exclusive interview with the deputy prime minister of poland at 9:40 a.m. u.k. time. this is bloomberg. ♪ ♪ manus: you're welcome to bloomberg markets. we you the first trade of the day. i am manus cranny. alongside me is matt miller. the fed decides with a policy announcement how long can yellen lay low on plans for shrinking the balance sheet? emergency brake. allegations they colluded on a

what come to "bloomberg daybreak: europe." anna: i am anna edwards. germanlet's get into the chemical maker. we are talking about polyurethane, polycarbonate, they are guiding higher. second quarter sales 3.9 billion , the market had penciled in 2.4 4 billion. significantly above 2016. the sales came in, that could be the ebitda. 577.5.ket penciled in this is about coatings, adhesive's, and specialty chemicals. they are my wing -- mulling over hundreds of deals. they are expected to produce 5 billion years -- 5 billion euros over the next few years. we will ask the question to the ceo. dutch paints the maker and chemicals business, fascinating comments coming through. we have earnings for the second quarter. revenues up by .4%. -- by 4%. akzonobel convening an extraordinary general meeting to improve shareholder relations. theexpect to -- they expect ebit to be higher. reporting this new structure and also senior executive pay will be aligned with this new plan and this new executive, new supervisory board committing -- committee. interesting changes.

. ♪ >> this is bloomberg daybreak europe.e a stacked up show for you, we're going to talk about the drug sector, i wonder what the ceo of nevada's is going to say about health care in the united states. >> in fact, it looks as though we are getting some numbers through right now. a four-year numbers to be broadly in line and confirming the group outlook for 2017. they are a second quarter core eps, reading estimates, one of the biggest headlines. broadly in line, that one seems to be. $1.22, thenumber, estimate was 1.18. looks like the core number has beat the estimate. we will speak with the ceo later on during the program. >> this is the point from the analyst, this would be the trough in terms of some of the challenges they have from the generic competition, but they say year sales are broadly in line. they reconfirmed the core number, about .2 on earnings-per-share, the estimate was about $1.18. let's talk about a we rating. the aussie dollar at a two-year high. this is the blue line. the reserve bank of australia is the

. ♪ anna: welcome to bloomberg daybreak: europe, our flexion morning show in the city of london.'m anna edwards. we have a host of earnings. manus is on location. he will be with us later. firstly, from philip, this dutch company increasingly medical business, the maker of medical scanners and diagnostic giving us at their numbers. there up 4.4%. second quarter revenue, 4.3 billion euros. 6.14, only three estimates involved in that number. we will delve into the details there. 439 million euros. that company has been on a takeover streak come making numerous acquisitions including in the u.s. where it bought a maker of devices to treat cardiac diseases. they still own 40% stake in phillips lighting although that is part of the old phillips visit, if you'd like. they have been moving away from that area. they have been moving into the growing health care technology business. the outlook is what investors wanted to know. are they going to keep their outlook two raise our ability. -- to raise probability. we will put all of those questions, including questions around the performance

. >> welcome to bloomberg daybreak europe. i am anna edwards. >> i am manus cranny. she brought chocolate and tried to bribe us all. let's get back to markets. juneing news, the india manufacturing, 50.9, versus 51.6. we will wait for the u.s. manufacturing later. anna: all kinds of pmi today. euro btv 439, the oil market. dawn. butchery at day, ther the eighth longest winning streak since 2013, why? paused for have the first time in 24 weeks. , the pace ofe shortening in the market, just for the moment has abated. anna: you couldn't believe that small move could be so significant, but apparently so. we will talk about oil in a minute. this is the picture on the msci asia-pacific. in china, rebound sparking interest in chinese stocks. going to russia, germany, the g-20 looms large. meanwhile, the bond connects starting. tokyolitical story in could be significant for the national debate in japan, but the yen does not know which way to go. what is abe doing next, turning on the monetary and stimulus to get voters on board? dollar and crude. we touched on crude. poin .8

"bloomberg daybreak: europe," 1:49 in new york.&p will be a little bit higher at the start of the u.s. trading day. the asian equity session has been descent. the msci asian-pacific come up by .4%. it's good to the bloomberg business flash. -- let's get to the bloomberg business flash. reporter: hotels rocketed 150% in hong kong on the sale of 76 properties and other projects. this was for more than $9 billion. they will also collaborate on movies. the stock has since pared some of those remarkable gains. the billionaire has expanded aggressively from operations in four cities in 2011 to four in 2016. asco shipping has offered $6.3 billion deal to a carrier. cosco's offer was a 41% premium to orient overseas, pushing cosco into the world's top three. the family has accepted the offer, but the requires regulatory and investor approval. singaporean sovereign wealth fund gic has warned investors are being too complacent about looming market risks. the ceo disclosed that the funds main performance gauge fell for the second straight yea

it is daybreak europe, let's go to the splash with juliette saly.tte: mitsubishi financial group is considering answer them and paris for its basis of security operations after brexit japan's biggest said it has never done candidates for the two cities, but a final decision has not been reached. global banks are expanding offices in the eu to maintain thes for the market before u.k. formally leaves the block in 2019. softbank is planning to make a direct office of charter communications after the company rebuffed its proposal with sprint. plans toese company make the offer this week although the plan is not complete and could change. sprint is scheduled to report quarterly results tomorrow. hong kong billionaire has agreed assets for six like 1.9 billion u.s. dollars. it serves corporate customers and residents. hutchison telecom indication hong kong holding shares surge the most in six years. that is your bloomberg business flash. manus. manus: a split has emerged within theresa may's cabinet over the government's post-brexit plans. philip hammond

anna: welcome back, this is "bloomberg daybreak: europe." 2:30 in tokyo right now. not dwell in asia, let's get that to europe. bayer has been in the headlines, second-quarter sales up 12 $.19 billion in terms of sales for the second order. at three point zero $6 billion. the forecast for the crop unit in brazil, there was a big stockpile there. three different parts of this this. terms of sales, that's a nice beat for the second order. i love what are the analyst wrote down, best forgotten after the profit warning. that's the top line from bayer. they still on 45%. a few more results but we will have a conversation with ceo at a: 30 u.k. time. anna: let's talk about french earnings, dan and reporting. concerning the 2017 guidance, performance in line with dues at they were -- returning to the first half of 2017. with sales to generating. they bought right way, saying it allows them to increase their guidance. are watching out for underlying sluggishness in the over market in europe. getting numbers coming through from the french market. adjustedcond quarter ebitda,

. ♪ welcome to "bloomberg daybreak: europe."anus: we have a stacked lineup for you, a little bit of a nordic flavor and will kick it off. anna: nordic numbers coming through, the bank in stockholm sweden, and they're waiting with the head or decision. more on that in just a moment. we'll get to the second-quarter ofbers, above estimates 18.8%. the net interest income $1.18 billion, below the estimate of 1.21. this,ne was looking for will the domicile stay or go? they now say they will make the final decision in september about the domicile. now saying it will be a little later. that sweden considered they will consider joint banking unit. copenhagen also tutoring joining the banking union. finish be a danish or destination? us in about 15n minutes time. with: battling it out oracle and elsewhere. 500 million euros is what you're getting with the share buyback. forecast,f revenue they are raising the overall revenue forecast based on the foritional, the full year operating profit will be between six point 8% -- exploit 8-7,000,00

he just staying with us on daybreak europe. ok at jim and because it takes a look at the moderate change situation in europe. stoxx 600 34, waiting for abundant markets to show some signs. the market was about consistent patients from mario draghi. you have -- anna: a little weakness coming through in the middle east market as well. we'll talk about that later. this is bloomberg. ♪ a.m. on sunday8 morning in hurling. -- friday morning in berlin. juliette saly is standing by with your business flash. networkand innovator corporation of japan will hold a public offering of their stake in switzerland, raising $2.4 billion. toshiba will sell its 60% stake for $1.4 billion while the government backed incj will sell 40%. they plan to sell the entirety of their states. ask a mobile says it is illegally challenging the treasury department find four degrees violations of sanctions against russia. they broke sanctions by signing deals in russia. the violation is said to have occurred in may 2014 when secretary of state >> tillerson was ce

reasons amid a battle with an activist shareholder over a g bid.ed [[g -- pp you are welcome to daybreak europe and paris, it :00 a.m. if you are in paris or berlin. we have a host of earnings this morning and let's focus in on europe's biggest maker of appliances, electrolux. second quarter profit coming in 9.4 billion. the estimate was 1.7 2 billion. the sales number a touch ahead. they are waiting for comments coming out from the president and ceo. by 1%.demand up this is in the wake of a time when they reported sales in north america down by 7%. the maker of frigidaire refrigerators has faced a number of problems in the u.s., namely lower sales. and private label. they are talking about north america. three percent to 40% and giving us details in the various regions. the stock has been up and say april results. goldman sachs removed them from their conviction by list. this is a deal that we broke yesterday, $4.2 billion worth. runmberg intelligence has the numbers. 4.2 billion dollars, the equivalent of 7.5 times the --es of 20 times earnings of according to deborah aiken. a super price and

. >> welcome to bloomberg daybreak: europe. i'm an edwards. manus: i'm manus cranny. --igion belligerent belligerent market moving markets, dollar-yen. continues, of words give rex tillerson talking about a threat between the u.s. and its allies. they go for more drills in response to north korea. this is what we were looking at this morning. you can see those short positions on dollar-yen are dropping, not aggressively, but the wi-lan shows you that we have turned up words on dollar-yen. the question for the markets, where do you want to be? >> continuation of what we saw yesterday with the and and gold getting a boost. interesting how this props up against the central bank in conversation. money going into the yen. we'll talk more with jeremy stretch about that. i'll show you where we are on haven assets. talked about old in there for you. that's gaining ground this morning. , u.s. equityf this markets not expecting to go all the art at the start of their trade. yesterday things flattened out it eating july 4. income markets and oil as well. >> look at bond markets.

we will have the headlines and "daybreak europe" coming up next.loomberg. ♪ shery: greece's back. the cash-strapped country returns to the bond market today after three years. the senate reversed to take up the health bill yet again as john mccain flies back to washington to cast his vote. shery: alphabet soup. the tech giants shares fall. profit was hammered by the record eu antitrust fine.

this is "bloomberg daybreak: europe," our flagship morning show. i'm anna edwards. manus: i'm manus cranny. we have a pack show 40. we have the bank of cyprus ceo here with us. post,""the washington says a category five visiting the white house. a 94% probability of a rate hike. dollar, up she goes, which is the canadian dollar against the yen. the bank of canada will indeed go ahead and raise rates. the risk on the other side is janet yellen and her testimony in front of congress. anna: the markets are divided between what is happening in the white house, the latest from trump junior, and the central banking story. this canada story does add to this, but how much of this is an idiosyncratic canada story? that, for how much is a global tightening? we will return to that. on the risk radar, manus, we've got the latest in the market movements in relation to the trump junior story. the s&p did wobble, but the a sian session looks pretty mixed. we are waiting for the central banking stories to crystallize. yellen speaking later. we have heard from parker. manus: the dol

. ♪ anna: a very warm welcome to "bloomberg daybreak: europe." i'm anna edwards.anus: janet yellen has managed to poor coldwater on the probability of a rate hike. the probability in december drops to 50%. when it comes to size and scale of the bond market, a $10 million bet, and this is what they're betting on. will yields ratchet higher or lower, below 2.28%? been $10 million on out of money calls and this is the essence, the traitor who's put to trade on, we don't often see these in terms of yield. we've only drop by more than 10 basis points four times on a weekly basis this year. this is a big that on something big happening in the bond market in the next 10 days. anna: they are relying on some serious volatility by the 21st of july. some drama is needed, whether from inflation data, the white house, to make money on this kind of that. that show everybody where we've been on the global stock story. -- see that we've not been this high ever. hong kong stocks at a two-year high, the dow closing at a record. it looks kind of risk on. gold is higher, bonds or hig

europe would not grow, would not run and it has disproved that. we are modestly positive. country,ur top germany, france, spain. wayne: all of them. manus: that is it from the daybreak on talk to this bloomberg. ♪ guy: good morning, welcome. cash is about to open in europe, we will bring you the first trade of the equity session. i am guy johnson. reais quitting after north korea fires its longest missile yet. how will they respond at the g 20 summit? keeping calm down under. the rba sticks to its neutral stance. is

. ♪ anna: good morning and welcome to daybreak europe. manus: welcome to the show.ave the finance director the company hayes. it's a benchmark of europe and the u.k. and around the world in terms of wages. where should we start? she kept the dream alive. i will not sing the song. even though it's friday. anna: he doesn't sink before we go life. manus: i do. the emerging markets index. this is the potential golden cross flashing on the chart. what is that? 50 day moving average and 100 day moving day average, about to close -- crossed each other. stocks gain more than 30% in the 11 months following, the last time we saw that was 2015. the market is saying we have a cracking run. there is a probable relief that janet yellen keeps the dream alive and she questions the veracity of inflation. anna: a lot to talk about in terms of yellen's affect on market. on the risk radar, let's look at where we are with the dollar after a couple days after janet yellen's testimony. gradual seems to be the mantra. inflation is what we will watch for. , that is what we are supposed to b

he will be joining us on bloomberg radio, daybreak europe live as well as london dab digital. in on bloomberg radio. up next, we are joined by a senior fellow from the carnegie europe institute, julie dead sea. we will get her insight -- dempsey. we will get her insight on what the euro looks like. germany has friction with its neighbor to the east and south. we will talk about that next. this is bloomberg. ♪ anna: welcome back, this is the european open. let's take a look at some of the top stocks stories. eric k hit has -- nejra cehic has some of the stories. geta: lust of movers to through today. -- lots of movers to get through today. 6.1% to get -- through today. tv spoke, bloomberg with exhibits from all three of these countries, look to those on bloomberg.com or the terminal if you are interested. fellows rising second-quarter profits 50%. strong growth in western european and china. 1.5 plans to buy back million euros in shares. on the downside, i am looking at ryanair. we did report a 55% gain in first-quarter drop it, strong summer bookings swelling revenues, but the

oomberg daybreak: europe data out and breaking news around corporate's, let's get to the data.n manufacturing orders rising 1% weaker than estimated. estimated to rise white 9%. the increase is driven by investment goods orders from abroad, the increase of 1%. coming in less expected but it is an increase in the factory orders. the bundesbank addicting robust growth adjusting for seasonal swings and asian rose by 1% after falling and revise percent in april. -- revised 2.2% in april. growth in theomic region and the bundesbank is predicting that lively manufacturing demand within the country and abroad will contribute to strong growth. numbers coming out of germany. back to growth and that number but not as much as had been expected. on the corporate side. manus: baby foods, this is the trimark. operating profit is ahead of forecast third-quarter revenue. there was a constant sales expectation, primark sales to be expected at 10.3%. the number is favorably ahead. primark is saying we are 10% ahead of where we are year on year. primark has held down their prices in the u.k. desp

. ♪ -- "bloomberg daybreak: europe ." a lovely piece on the bloomberg.eould be watching -- it back to basis. what are you looking at? you are looking at a momentum shift. it is about the short positions. aree funds and speculators the most bearish on the dollar since 2013. this is aggressive positioning. positioning is building. that represents a swing. this goes from along the dollar ranges. it is down to trumponomics. the hedge funds are well aware of the hawkishness around the fed. maybe some of the surprise index, related data coming through, or the white house over delivering. their ability to pass through legislation. let's leave the dollar and get through the other asset classes. let's go to the risk radar. equities -- asian equities are up. low volumes through the asian session. chinese stocks bucking the trend. we have lots of earnings to wait for, from the likes of pepsi, j.p. morgan. eye on it. an it will come down to whether the bank of canada moves tomorrow. the firstbe substantial -- central-bank to substantially switch? bond yields are at

i will be on bloomberg radio with carolyn hester for "daybreak europe." ♪ francine: concern for health season in full swing. make or break time for the u.s. stock market? is deutsche bank about to move 300 billion euros of assets from london to frank for? -- to frankfurt? lending surges. this is "bloomberg surveillance ." i am francine lacqua in london. we are looking at data and some of the earnings and

europe as part of that. >> much more ahead on daybreak australia.r coaster ride, why some say iron ore is going to struggle with extreme volatility not just through the end of the year but for years to come. this is bloomberg. ♪ ♪ i am betty lou in new york. you are watching "daybreak: australia." the u.s. government is involved in apple's tax dispute. washington has filed an application with the eu general court over the retroactive application of state aid rules to apple. irelandr the eu ordered to recoup money in unpaid taxes from the company. uber has suffered a setback in the eu after a french law was backed leading the sanctions on managers. last year, uber executives were whichver their service allows unlicensed drivers to pick up riders. they argue that the law was invalid. >> volkswagen plans to sell cars in iran for the first time in 17 years taking advantage of easing sanctions. it signed a contract with a local importer to offer suvs and the sedan in a tehran area. volkswagen is the market leader in europe and china, struggling to rebuil

daybreak: asia ." betty: i am betty liu in new york. the u.s. is streamlining its wealth management is this in europe.htions will be combined messed up businesses to reduce the number of offshore booking centers. wealth managers are under pressure from locker room -- record low rates. a former barclays executive told a london court that they will deny conspiracy and -- conspiracy to commit fraud. richard are the most senior u.k. bank executives to face charges in the financial crisis. authorities are said to be widening an investigation into the $400 million bond market. they are examining whether banks, brokers, pension funds colluded. are calling for records of online chats and other communication. yvonne: a chinese court has million of assets belonging to an internet giant. -- move came after this ase portrayed superior to apple. they are now struggling with a cash freeze. future,ead, facing the future,ead, facing the how your looks may be the key future,ead, facing the how your looks may be the key so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of

europe and the u.s.. a lot ahead. that is it for "bloomberg daybreak: asia."rishaad and haidi is next. standby for "bloomberg markets." this is bloomberg. ♪ rishaad: 9 p.m. in new york, 9 a.m. in hong kong. i'm rishaad salamat. generally positive for the asia-pacific. the yen weakening as investors await earning season. randy quarles is trumps take to oversee the banks, seem to be fulfilling a pledge to east coast crisis constraints. haidi: i'm haidi lun in sydney. competing for customers. saleo puts bad loans for online. this is "bloomberg markets: asia." ♪

daybreak asia." i am betty liu in new york. in hongi am yvonne man kong. data coming from across the world. so, europeill highlight their second-quarter gdp numbers from a in and france. later on today, the u.s. will release its growth figures for the second quarter. let's get the latest now with a serious -- with betty. think of aomists pickup in consumer spending may have doubled. what would that mean for the fed's policy path? kathleen hays is here with more. give us the rundown. what are we expecting from gdp numbers? >> we are asked acting a better number -- expecting a are better number in the second quarter than the first quarter, mainly because the consumer came roaring back after a very weak first-quarter. the forecast is for 2.9% growth. consumer spending, versus one point 1% in the first quarter. i want to show you a chart that shows he contributions being made by each component of gdp. the contributions being made by each component of gdp. consumer spending was maybe half of that one point 4%. in the orange far, you can see 1.4%. that -- in that orange bar, you can see the rise in consumer

europe. it's been going on since the early to mid 90's. you have very substantial public-private partnership programs. they will be addressed by the private sector. jim on daybreak today. it time to bank on financials ahead of earnings? or financials overall? the options guest has that trade next. this is bloomberg. ♪ julia: and it is now time for options insight. take it away. jim fromining me is him cam holdings and we will talk financials here. we're coming up into earnings season. it you had a trade looking ahead to the stress test which the banks all past. so what is going to happen now with earnings? we were talking about training revenues. >> we're really looking at the group. earnings really began to ramp up ,ater this week with financials 60% of the s&p 500 constituents reporting by the end of the month. week, 30d of next financial components of the s&p 500 including this friday, jpmorgan, wells fargo, and city all reporting their second-quarter earnings. we told our clients to go out and buy some october calls to play upside into and through the fed stress test through the major banks. and there is really nice momentum to this group. we have similar th

daybreak asia. i am shery ahn in hong kong. betty: i am betty liu in new york. said to be seeking a buyer for a bundle of assets in europeit seeks to incorporate its acquisition of meet antitrust demands. the assets generate about $200 million in annual sales and are mostly part of the company's agricultural solutions unit. potential buyers are said to include australia's new farm. shery: tesla is adding diversity cs a board some critica say is too close to elon musk. roles on take up the thursday. the news comes after the stock tesla crashed a on autopilot. the driver said his car accelerated and overturned while running itself, but later confirmed the system was the activated. betty: bnp paribas has been fined almost $250 million by the fed for failing to prevent fromncy traders manipulative prices. they reached a three and $50 million settlement with new york. -- 300 $50 million settlement with new york. bnp has been ordered to improve oversight and internal controls on foreign exchange trading. shares have been soaring in extended trade after subscriber growth numbers crushed estimates. that is get the details from b

daybreak was very much that macron is going to trump the trump in terms of momentum. labor market reform will be delivered. very aggressive schedule being laid out by baron, a very optimistic view on europe laid out by blackrock. the pe is the critical thing and earnings are the key issue. gilts are opening down through the futures, labor day futures, down by 11 to. you are -- 11 pips. trading there at 1.22. that is the gilts. guy: let us go to the mov screen. a lecture looks, strong number -- electrolux, strong. market seems to be finding favor with it. stock is up by 5.6% this morning. let me change this to him that points and then i will show you the fact that reckitt is trading up by 1.4% this morning. oil stocks are dead. shell and the p as well. on the downside, sound out story this morning is volvo, down b. this is the trucks business. we are going to be talking to laterss of the business on in surveillance. looking forward to that conversation. the other thing to mention as well is we continue to have weakness in ericsson at this point. it is now down another .7%. that is moved to the macros and find out exactly what is happening where we work our way towards his ecb decision tom

daybreak. we are 20 minutes into the trading session and the u.s., nothing is happening. there is a little rally in europe energyterials art eking out a tiny gain as telecom and health care and as yields get hit grind a little lower. not a lot of movement here, it's a sleepy monday despite the fact that there is a lot of news out there. as you say it's a sleepy day in the news business, things get lively. thisess is back in session week and fed chair janet yellen's testimony wednesday will be the main focus of market participants. we will also get the fed days book on wednesday. on friday, another read of the economy with june cpi. cerilli. now is kevin also michael mckee. how excited are we for janet yellen? you are right about the beige book, nobody cares. could be important. not much else going on. the cpi report comes in friday and everyone is watching inflation that there is a political overlay to janet yellen's appearance. the president has to nominate a fed chair sometime in the fall and get them confirmed in time for the expiration of her term at the end of january. this could be something of a jo

daybreak." omberg futures are in change. the euro is still big. we have another point percent. bonds are big over in europe as well. what today's bonds. -- portuguese bonds. this level had yesterday

daybreak." omberg futures are in change. the euro is still big. we have another point percent. bonds are big over in europe as well. the yield is down 49 basis points. the out performer is what today's bonds. -- portuguese bonds. and theel had yesterday vix hits a new record, under 10 for the fifth day and arose -- a row. anna chandra is here. multiple reports that president lawyers are trying to undercut robert mueller, who is investigating russia. according to the washington post, they are saying he has conflicts of interest. the president has been asking about pardoning aids, family members, even himself. had anican student imprisoned in north korea. he was in a coma when he was released from eight north korean prison. the imf is ended two years of speculation and agreed it to another bailout of greece. ilionw loan was 1.8 dollars. that is contingent on debt relief. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. jonathan: that's a you get the euro down. i don't know if investors are by that. my own draghi brought the doves out. the eur

daybreak asia," i am yvonne man in hong kong. betty: and i am betty liu here in new york. trying to head off a growing emissions crisis by recalling mercedes-benz vehicles in europeixes. it will cost $250 million. the issue has been rumbling for months. cathay pacific says the environment challenging the first half, dashing hopes of recovery. they saw the first annual loss in eight years. they talked about hogg's appointment is disappointing. shares rallied more than 20% thay cutr as cafe -- ca many jobs. martin, a $5.5 million. down payment full-year earnings are15 cents higher. lockheed reported second-quarter profits that the analyst estimates. plenty more still to come. asia's first major market open moments away. yvonne: let's get the latest with sophie kamaruddin who is watching the latest opens. could drivethings the asian trading day, looking to be mixed-down day in europe. day onhave an inspiring wall street. helped -- traders may take note of signals that soft inflation contagion could be undermining central bankers, given the week's cpi out of that united kingdom. nomura and other brokerages face scrutiny over how to comply with rules. nomura said a br

daybreak. futures go nowhere on the dow after another record in the session. the s&p was flat as well. there is not much price action across europe are about an hour away from some important economic data. retail sales are on deck. grinding lower over the last five sessions. single basisother point. been seen is is emerging. 2%. about the senateot republicans redo of their health care bill yesterday. it seems like there was something in it for everyone to love and hate. kevin's really is joining us. pity to republican senators, they can only afford to lose two said they are voting against. kevin: there are more that are undecided heard -- undecided. there is a large contingency right now people who are very much undecided for very different reasons. there is no room for error. the president is overseas right now in france. he is tweeting this morning, urging republicans to all in line behind mitch mcconnell to do this. he is said the vice president has worked very hard in order to get this done. they are trying to get it approved after seven years of vomit care. corkert up with bob yesterday. he seemingly is supporting this plan.

daybreak arid david westin is off today. for the next hour, lisa abramowitz will be joining us. let's get up to speed on the market reaction. futures are up. europe bit softer, even with that upside on the core inflation. treasuries are stable and have been through the session so far. 329 is your yield. crude is not doing much arid we have some crucial levels and we went to them briefly. alix: brent is over $50 a barrel. it's holding that level. dow 22,000?ng at as the fix continues to become sure. we are still under 11. the conversation continues, complacency or not it -- not. lisa: the title was please stop talking about the fix so much. this is not an indication of future volatility. relies it has been low. rotation that is the important part. d.c., yesterday donald trump set on twitter don't give up republican senators. the world is watching. repeal and replace. paul ryan statement, emphasized the importance of tax reform. we can grow our economy and help middle-class and get ahead and broke our -- fix our broken tax code. joining us now is peter from height analytics. that controlsy the white house and congress but they are at odds on the ag

daybreak. i'm david westin. alongside alix steel. we are 30 minutes from the opening bell here in new york. , prettye equity markets flat across the board. a little bit of weakness over in europetraders taking advantage of that summer tuesday. s&p futures flat. the pound, an interesting story. have higher earlier in the day. bank of england deputy governor spoke in scotland and he warned about trade risks between europe and the u.k. it seemed like the market interpreted that as a more dovish communique from members of the boe and the pound took a leg lower because of it. fascinating story that unfolded. weakness on the margins here with the margins here with yield backing up by one basis point. crude off the lows of the session despite some downgrades from barclays. abigail doolittle is looking at some of the individual stocks on the move ahead of today's open. >> first we have pepsi co. not moving so much, modest declines, shares slipping between small losses and gains. out, they we pointed are kicking off the second quarter earnings season with a bead on the top and bottom line. earnings they beat by 7%, to put up $1.50 per share. they also boosted the full-year view. it is