welcome to "daybreak europe." breaking news from softbank.s ascent to lead a $3 billion round of funding .longside alibaba be heading said to the investor pile in this set of talks. this involves the vision fund plans to lend three to $5 billion to a food delivery giants which is owned by alibaba. this is according to people familiar with the matter. his son had built this $100 million fund to spread the wings of softbank. this is a much-needed capital e, which isr ele.m burning enormous amounts of cash. we are going to see some breaking news. a few lines here, let's get to intercontinental. revenues in line with estimates. $900 million for the first half revenue. that is in line with estimates. was to anhead of this extent they are going to run up against competition in china. others in china, big u.s. hilton,es, the likes of marriott, perhaps they are going to run into headwinds. that could be something that weighs on competitors. we are waiting to see what intercontinental says about its performance in china. we going to be speaking to the

this is "bloomberg daybreak: europe." power play, the white house is doubling planning -- its tariffs on chinese goods. three we arerst also -- first. we are also living by two very american andes, by higher americans. banks or treasury borrowing? a market breaks a policy decision from the r.b.i. and federal reserve today. our bond traders more focused on the debt plan -- are bonded traders more focused on the debt plan? ♪ anna: good morning, everybody. this is "bloomberg daybreak: europe." we will dive straight into the earnings news. we're getting numbers coming in. looks to be ahead of estimates. the outlook statement uses the word encouraging as well from this steelmaker. they see current favorable market conditions continuing. the outlook for the second half of the year is encouraging to see. the ceo says the alec is encouraging. positive outlook statement -- for drama playing apart and markets. we have seen strong steel prices. expect favorable conditions to continue. let's get to the risk radar until you where we a

this is "bloomberg daybreak: europe." we are live in london. dollar against the yen, pretty stable. that is where the stability seems to ending currency markets. the dollar is much weaker in general. president trump suggesting china and europe manipulate their currencies. out the market with nejra cehic. nejra: good morning, president trump setting the tone for markets in asia today. let's start with equities, we are seeing a mixed picture overall. you can see australia is lower. we have seen some yen strength in the session. at one point, the yen was at an almost two-month high. state funds were said to be supporting the market. take a look at the fx space, we are seeing some weakness in the dollar for a full session. euro, the pound, the aussie all gaining against the dollar. in fixed income, the 10 year yield is tracking higher. a bit of a mixed picture elsewhere. yields are moving higher. higher, cold up by 0.4%. a little more on the fx reaction, i am talking general dollar weakness the euro has been one of the beneficiaries of this. hitting

this is "bloomberg daybreak: europe." more trade pain. the u.s. commerce secretary threats hit chinese assets. the u.n. is set for its longest weekly losing streak in a quarter of a century. may's drive to win over eu leaders as mark carney adds further rate hikes despite brexit risk. apple becomes the first u.s. company to breach the 13 digit mark. shares rose 9% over two days. will amazon be next? good morning everybody. 6:00 here in london. we have some breaking news for you. we've got a host of companies reporting earnings this morning. let's start with allianz. this is the german insurance business. second quarter upward profits, 3 billion euros against an estimate of 2.8 9 billion. they are concerning their outlook -- to meet their operating profits target, delving into the numbers a little bit, looking for any news more broadly, or specifically on pimco. that to you.o get operating profit, 3 billion euros against an estimate of 2.89. we get intome line, the statement a little bit, miss forestimates -- a estimates. they have stuck with their

s: live from dubai, this is "bloomberg: daybreak europe." announcesident trump a new agreement with mexico. trump hopes for a u.s.-china trade deal. several of china's biggest banks reported second-quarter earnings today. and a japanese automaker is investing half $1 billion in uber. shares gain as much as 2%. ♪ anna: good morning. 6:00 here in london. 9:00 in the morning in dubai. this is a picture on the asia equity sector. getting a little bit excited about trade. talkednt trump can bilaterally about trade. -- talk bilaterally about trade. there is the potential for a breakthrough on nafta. deal does the u.s.-mexico leave canada and china, and other trade deals? trump is weighing in on expectations. let's have a quick look at some of the currencies. the canadian dollar is fairly in limbo. the foreign minister of canada is on her way to washington, talking about a modernize nafta. -- modernized nafta. we have the mexican peso as well. it is retreating this morning after initially rallying on this u.s.-mexico deal. here?does this had from -

that's it for daybreak europe.erg markets: european open" is next. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. guy: good morning and welcome to bloomberg markets, this is the european open. we are live from the bloomberg headquarters in london. i'm guy johnson in london. matt miller in berlin. matt: i'm here on a regular workday. asian stocks gaining today in a big way and hong kong and china. london has closed for holiday, but the other european markets are going to open and they are going to trade. hard-working markets on a monday, set to open higher. cash trade st

manus: this is "bloomberg daybreak: europe." these are today's top stories. north american trade talks are making progress that can assess a huge amount of work justin trudeau valves to protect his dairy industry. the u.k. tells the european union must compromise its opposition to theresa may's plan or risk and no deal brexit. and a stronger europe, the french and german finance minister say the e.u. needs independent financial tools to steer clear of u.s. sanctions and pledge progress but the end of the year. manus: a warm welcome to daybreak. we've got a little bit of breaking news. malaysian energy company net income doubled, they plan to by 50%. state dividend ringgit. billion in terms of capital investment, a couple of other lines coming through. 2018 capital investment will be 19.8 billion, that's down a little bit of course it's all nett containing capex, income up from high point 18 billion just over year ago. the big blockbuster headline is all about that. company so you would actually have it stock price. it is about the boost in the dividend. price

this is "bloomberg daybreak: europe picked -- europe." president trump threatens to leave the wto if it doesn't treat the u.s. fairly. single worsts the trade deal ever made and if they don't shape up, i will withdraw from the wto. anna: staying positive. the credit suisse ceo says that is for now -- that for now, markets will escape the effects of trade tension. >> or the time being, i remain positive. i think there is potential on trade but it is contained. most of the world economy is still tolerating it. nejra: p.m. currency contagion. the argentine peso slumps further as the central bank raises interest rates to 60%. anna: good morning. this is "bloomberg daybreak: europe." 7:00 in london. fascinating news coming across the bloomberg. this is of an mn day nature in the beverage -- m&a in the beverage space. coca-cola is to buy costa, the business that operates on many u.k. high streets and rivals starbucks.als valued at 5.1 billion u.s. dollars. buy pricese is -- 3.9 billion. excluding accounting affects, this from coca-cola, proposi

this is "bloomberg daybreak: europe." hike coming. the fed signals it's ready to raise rates if the economy stays on track. where live at the jackson hole symposium. talks restart, washington imposes tariffs on $16 billion in chinese goods, even as u.s. and chinese officials meet face-to-face about trade for the first time since june. and ipo unfold, saudi aramco is said to focus on buying safety in the chemical giant, delaying it to your promise of what could still be the world's largest ever offering. ♪ a very good morning everybody, this is "bloomberg daybreak: europe." 6:00 here in london. a couple of hours until equity markets open up. the msci asia-pacific down by .4%. were focused on political risk whether in the united states, australia or south africa. more of that in just a moment. feste also focusing on the messaging from yesterday, ready to hike if the u.s. economy stays on track payment talking about what that means for september, it looks like a rate hike there. the weaker yen in japan a feature, a real feature of market

"bloomberg daybreak: europe" is done.eam pick up with "bloomberg markets: european open." this is bloomberg. ♪ xfinity mobile is a new wireless network designed to save you money. whether you use your phone to get fit. to find meaningful, thoughtful, slightly-weird gifts. or just to know which way you're facing right now. however you use it, your wireless bill is about to cost a whole lot less. ask how you get xfinity mobile included with your xfinity internet. so you just pay for data -- by the gig or unlimited. saving you hundreds of dollars a year. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. guy:. you are watching "bloomberg markets: the european open." from our european headquarters in london. i am guy johnson alongside matt miller. in asia struggling for direction after the recent rally as investors assess the latest developments on the trump administration's trade policies. futures in europe are pointing higher. the cash trade is

"bloomberg daybreak: europe."t is 6:19 in the morning in london and 3:19 any afternoon in sydney, where we see the australian dollar is bouncing this morning on the news that scott morrison will become australia's sixth prime minister in 11 years after malcolm turnbull loses control. let's get a bloomberg business flash. juliette saly in singapore. hired -- elon musk bloomberg understands the investment bank is advising evaluating a potential take private proposal. morgan stanley suspended coverage of the stop on tuesday without explanation. meanwhile, a fire yesterday at tesla factory in fremont, california was extinguished, causing no injuries or damage. microsoft said it became aware of the potential wrongdoing in its hungarian unit in 2014 after the software. -- in 2014. they fired for employees and terminated business with partners. the statement came after the wall street journal reported microsoft is being investigated over potential bribery and corruption related to software sales in hungary. predicts its

this is bloomberg daybreak: europe and these are today's top stories. president trump pushing china for a better trade deal. >> we are talking to china. they want to talk. they are not able to give us levels that are acceptable so we're not going to do any deal until we get one that is fair to our country. readyhington says it is to slap turkey with more sanctions if a detained captor is not released. >> we are in the midst of a contagion phase that's impacting both strong and vulnerable economies. bloomberg has learned that the world's largest shipping company is considering selling off its drilling units. and get with the ceo his first interview of the day. just after 7:00 a.m. u.k. time. anna: it has just on 6:00 here in london. let's get to the markets there. the picture looks like this, a positive one. a by 4/10 of a percent. this is the way the week has shaped up. we went down on the turkey story and now we're going up on the trade story. we are catching up on the positive vibes that the rest of the world was trading on yesterday in the asian equi

this is "bloomberg daybreak: europe." 7:00 in london.ok at the futures for the european equity markets. over myk negative shoulder. u.s. futures also looking negative, so perhaps no surprise. they have been open a little bit longer. cac futures opening up in negative territory as well. asian equity markets, the long-term lawyer of president trump pleading guilty to charges. that is something the market is having to deal with, get its head around. we did see a move into the haven and risk assets as a result. the msci asia-pacific managed to eke out gains. coming outt of money of risk assets. some money coming out of the dollar. we are pretty unchanged on the dollar index overnight. slipping on that news about cohen, it was mild, the move into havens. slightly more positive for risk assets. the news flow there. it has slightly conflicting reports. politico talking about the handshake between mexico and the united states tomorrow: the u.s. the mexicans pushing -- tomorrow in the u.s. the dollar down by .5%. the canadian dollar higher on tha

this is "bloomberg daybreak: europe." we are live in istanbul.hat is the only headline that matters. we will talk about a european and global asset, and emerging markets asset, and across the banking sector. but the latest on the ground with yousef gamal el-din. f: on all sides, we saw more from the banking regulator. we had more sharp rhetoric from the government. they are sinking in their heels and arguably raising the stakes. this is monday morning. we saw consumers already heading into the shop yesterday. trying to get good value from what they have. those who have harder currency bargains.some real ultimately, it is the question of what happens with the bigger institutions worth billions of dollars that they need to roll over. yousef, thanka: you very much. we are back with yousef on all the details from the weekend. radar.et to the risk this is the picture on asian equities that we have been handed over. 1.7% weaker on mci asia-pacific. weaker on emerging markets, foreign exchanges. very much on money going into dollars and yen. we see the

manus: warm welcome to "bloomberg daybreak: europe." pushed and pulled on these markets between the lira, the movement, u.s. equity futures, but europe is for the moment showing a little strength. poland, italy, and austria are closed. that is something for you to note. -- somesome companies countries on vacation. one stock that will be in focus, they have agreed to pay $4.9 billion in their role in the housing crisis. we have this news early. this was one of the big .angovers for ross mcewan once that was done, the settlement on sirius's conduct that contributed to the financial crisis. that will be one to focus on. the department says it was the largest of its kind, stocks are a little higher. the question is, are we done with the turkey route, or is there more to come? this is the picture on asian equity markets. msci asia down by more than 1%. part to do with the turkey story. move onto to the picture in asia. we have some names in technology under pressure. $6,000 onpping below the cover price. the dollar extending its games. the on

♪ anna: this is "bloomberg daybreak europe."dollar buying that we seem to be seen this morning. we are up on the dollar index. thepound is weaker against dollar, the euro is weaker against the dollar and the euro move is quite substantial. .ollar-yen is pretty flat we also see weakness in the turkish lira. let's check in on the broad markets. >> bit of a down day in asia taking things lower. japan off more than 1%. south korea also down. modest gains lower in china. tit-for-tattrade between the united states and china and it continues to weigh on stock. also overshadowing a decline in american crude inventory. i want to show you what going on in the oil markets. oil is trading near a seven-week low. could be the longest weekly losing streak in two years. loss there we haven't seen since 2015. very interesting movements this morning. i want to look at what's happening in the lira. the lira is well over the second deviation weaker than what we have been and should be seen in terms of the trend. lira declines have marked the steepe

chris stays with us here on "bloomberg daybreak: europe." later, the european union pushes back in italy over the fate of the do no up bridge collapse. will have the latest live from rome. will look at the latest on the brexit negotiations. at duncan smith joins us 9:30 a.m.. this is bloomberg. ♪ manus: a live shot of singapore. let's check in on the asian equities session. tencent disappointed the market in terms of profit. between china and u.s. negotiations. tencent seems to have one the bearish sentiment. juliette saly always has a good story on stocks. shares as youent say have fallen after reporting for quarterly numbers. it surprised investors with its first profit drop in at least a decade. said itrs -- executive had little clarity on when the process would return to normal, putting more pressure on a company that lost more than $180 billion of market value since january. tesla has received a subpoena from the sep over in on musk's efforts to take the company private. following his tweet last week saying he was considering taking tes

i am manus cranny and this is "bloomberg daybreak: europe."dwards in the city of london. these are today's top stories. manus: tesla going private. elon musk with the biggest leveraged buyout in history, valuing the company at $82 billion including debt. shares surged 11%. china is weathering the trade storm. so far, exports rose faster than forecast in july. even as washington is set to slap it with duties for the second time in a month. disney disappoints in the third quarter. the ceo is optimistic about absorbing fox assets. what does this mean for the sky bidding war? you're welcome to "daybreak europe." high forions were glencore. the estimate was for $8.55 billion. a strong first half of the year van.isinglass and bird -- i the market penciled in 5.39. when it comes to debt, that comes in at $9 billion. these are just a little bit lighter than the market had anticipated. the broader market conditions are likely to remain volatile. user, hop a bloomberg on your terminal and mobile. there is a tliv on the way. all the editors are there. .h

this is "bloomberg daybreak: europe." these are today's top stories. a cautious beat, societe generale trading revenue tops estimates for the second quarter as the ceo tells bloomberg exclusively that the bank is playing it safe. could trigger some correction. decision day, markets are pricing in a hike from the bank of england for only second time in a decade after the fed stays put. we'll bring you our interview with mark carney at 4:00 p.m. u.k. time. and the trump effect, asian markets fall on the threat of increased tariffs from the united states. and washington imposes sanctions on turkish officials. ♪ good morning, everybody. this is "bloomberg daybreak: europe." will go to germany first because we have a slew of earnings to get through. profituarter industrial in thebillion euros, ballpark of the 2.20 7 billion, slightly below perhaps. the concern on the forecast for industrial profit harkin -- profit margin. in line with the 20.8 billion .ou would say interesting to watch for any kind of strategy update you get f

this is "bloomberg daybreak: europe." it has just gone 6:00 in london. show you where we are in the asn session. start to the trading weekend, but momentum up by .3%. a lot of things in the mix. the ongoing trade conversation between the u.s. and china. jackson hole is on the agenda as well. its trajectory, how that plays in for emerging markets. all of that will be relevant. all of these themes could come back during conversations at jackson hole, and we get the fed minutes this week. all of that will be playing into the dollar this week. we are pretty study on the dollar. jeffrey'smore about comments, talking about records were positions in treasuries. why is the market so sure that the fed will not be put off by the tensions listed on the agenda? offshore is pretty stable. lots of talk in the last few days about whether the chinese are supporting their currency a little bit higher as they make those tradewards conversations with the united states. markets will be thin in turkey because we have got the turkish markets close much of this week. we do see

in london, this is bloomberg daybreak europe.tes from the start of the european cash equity trading day. let's check out what is trending. days --h it packet catch up packet days could be numbered. find greener alternatives. manus: let's talk about trump. he is taking credit for the rise in military spending by nato states that in the eastern reaches it could be because of his russian counterpart vladimir putin instead. anna: on the most read stories on the terminal, turkey's meltdown has rippled across emerging markets. -- you can find out more on the bloomberg terminal. let's look at how much the lira has moved. a bounce in our hands, we are over 3%. we have to have this bounce, you business of those consortium saying get ready to put your house in order. crisis is owned by urdu on so you are seeing a drop in the dollar, a rally in the lira, have a look at the five-day, it begins here. what a tortured soul this currency was. hazard one practice -- has urdu one backed does up into a corner? over the past five days you can still

this is "bloomberg daybreak: europe." these are top stories. > u.s. sanctions russia. the nerve scow for agent being used in the u.k.. retaliating against canada. justin trudeau said his government won't change its approach. beijing. chinese equities outperforming the session today despite the ips of that trade war. good morning, everybody. this is bloomberg day break. it is 6:00 in london. getting some breaking news. let's get to deutsche telekom. the telecom giant out of germany raising its guidance to 23.4 billion euros. that is a positive place to start the program, isn't it? u.s. profit growth is the reason behind that. that's why they are managing to do that. instead of looking at the second quarter numbers, this is the backward looking stuff. it is broadly in line with the estimates. 5.93 billion, a touch ahead of the estimates. it is really the strategy around this business that is of interest. eagerly awaiting the green light for its deal to merge its t mobile unit with sprint in the united states. they are waiting for the f.c.c. to take a bigger look at that

and her is going to be sticking around because matt and i are going to be joining him on daybreak europewe're not done with him yet on television. rio is going to be joining bloomberg later. : it was down to pricing and some other markets. this really overshadowing some of the uncertainty under the labor strike, also the ongoing search for a new ceo. air france did this morning up more than 6%. it is one of the better performances on the stoxx 600. that after its results and also outlook reviewed. a portion of the company may prompt a consensus cut. that stock of dropping the most since 2009 and hitting its lowest since september of 2017. worst performer on the stoxx 600, closely followed by ca pita. today, it is reported first top revenue. that is falling and saying that it's return to sales growth will take time. investors selling capita today. that.thanks very much for up next, we will focus in on the auto sector. the world's largest carmaker reports a 23% rise in second quarter profits. volkswagen says it is bracing for a challenging second half of 2018. this is bloomberg. ♪ matt: we

on radio join us "daybreak: europe" later.n also type in radio on your bloomberg or listen to us on a number of fm stations in the u.s. or sirius xm. i want to show you novo nordisk, down 4.5%. it is a big loser today, but we will talk to the ceo, lars fruergaard jorgensen today and what he will do about it. this is bloomberg. ♪ matt: 30 minutes into the trading day and looking at your top headlines. tesla wild ride. shares surge, or halted briefly, and then jump again. even more after elon musk suggests he's taking the company private. disney misses estimates on third-quarter earnings. the ceo is optimistic about absorbing fox assets. what does this mean for the bidding war over sky? china takes the tariff it. hit.ts rose -- the tariff exports rose more than expected. europe searches for direction. good morning. i'm matt miller here at bloomberg's european headquarters in london. 30 minutes into the trading day right now. 600. look at the stoxx pandora is bouncing back. that on an said number of occasions, it's the large

manus: this is bloomberg daybreak: europe. these are today's top stories. anna: china hits back at trump's claims the trade war. the pboc stepped into cushion the yuan. profit beat estimates by trade concerns. the bank says fundamentals remain concerned -- remain strong. >> the numbers for the first time -- the first half of the year are very much in line with expectations. saudi-canada standoff. canada's foreign minister criticized the arrest of a woman's rights activist. good morning, everybody. 6:00 here in london. 9:00 in dubai. let's have a look at the risk radar. equities in the big picture for asia is hiding some of the detail we need to be aware of. into the afternoon session in china, we can is coming through in the equities session once again. the china shanghai composite down. i know you've got further thoughts on where the currency has been going. a bit of a line in the sand for the pboc. it stepped in and we see more strength in the chinese currency. in state media china pushing back against president trump and his suggestion the united states

. ♪ ♪ emma: this is "bloomberg daybreak: europe out -- "bloomberg daybreak."rial costs and freight costs for deere. chinese tariffs have hurt the purchasing power of american farmers. elon musk says no one saw or reviewed his controversial tweet private,ing telsa according to the "new york times." he said he wrote it as he drove himself to the airport. he said that funding for a buyout has been secured. says it has not received a formal proposal. google is trying to quell a controversy about its stocks over what it will tried to reenter china. there are reports that google is developing a search engine that of theensor results chinese government. some employees are not happy about it. alix: how do you play the market right now? come inside the bloomberg. when the line goes down, tech is outperforming. when it is up, health care is outperforming. health care has started to outperform us. still with us, savita subramanian, and diana amoa. savita, what is your take? health care over tech? savita: i like them both, actually. [laughter] savita: i think health care

. ♪ this is "bloomberg daybreak: europe go i'm kailey leinz.up in the next hour, the former minneapolis fed president and bloomberg view columnist. now to your bloomberg business flash. exxon mobil has been looking to buy renewable energy for delivery in texas. bloomberg has learned the company asked wind and --ar fire contractors for and solar contractors for contracts that would last 20 years. foods is starting to gain ground against other chains since amazon took it over. whole foods gained foot traffic last year at the expense of stores such as trader joe's, walgreens, and dollar tree. traditional groceries like grazier have -- like kroger have managed to hold their own. the mostch asians" was popular movie in america for the second week in the row. the movies distributor warner bros. has already started to work on a sequel. that's your bloomberg business flash. alix: thank you so much. we turn now to wall street beat. first up, apple's new bite. the world's most valuable company plans to triple down on the iphone x, offering three new mode

. ♪ >> bloomberg daybreak: europe here in the hewlett packard green room.up, we speak to mike jack's. we will discuss the earning support. this is bloomberg. >> we turn to wall street beat. first up, the debt trading disappoint. how the trading conditions are impacting the bank returns. drive green light red. really tightened. greenlight capital sliding 19% this year. charts stall out. also returns the tesla keys. finally, property market cracks appear from new york to sydney as the markets may be at a tipping point. >> joining us is lisa. a story about -- the cfo. talk to us and they do do so well with fixed income recurrences. they did all right in equities. ago, theed to a year context is less favorable. for ci be. and particularly on fake and in europe. nevertheless, the bank keeps on continuing is transformation plan. wrapping up to 2020. and continuing its sustainable finance as well. >> the atmosphere is not quite as favorable. >> put this in the context of the negative deposit rates that we have seen in europe. yields have been low. it is hard to ma

bloomberg daybreak: europe this is bloomberg. ♪ >> this is bloomberg surveillance.ging cigna shareholders to vote against the takeover of another company. he said cigna is overpaying for the manager. he said the company would be better off in a multitier partnership with them or a similar firm. the home listings website operator is acquiring mortgage lenders of america. mortgages streamlines the organization. we will talk with the zillow ceo. italian cost-cutting rose to a second quarter profit. it exceeded estimates. the ceo is ramping up savings and improving quality. they are selling bad loans. that is the bloomberg business flash. tom: single best chart right now, we showed this earlier. this is the long-term chart. , down we go. trump this is 2%, 3%, 4%. this is a jamie dimon like 5%. is it's about the vector. whether it happens suddenly or abruptly or we are given time to normalize, that wasn't shown within the comment. gabriela: as we see in the chart, we had a time of much higher yields. we are not going back to 14% on the tenure. this is not an economy that

. -- this is daybreak asia europe -- this is bloomberg "bloomberg daybreak: asia." york. >> this is purely generation -- i am showing my age here. it was very strange to go and watch people playing a videogame. and then actually find -- yvonne: apparently this is a big thing this ea sports thing. phenomenon.uge i am not here to judge in any way. it is great that people enjoy it. it could be expected as a sport in the olympics in the future. companies have really benefited the most from the rise of this, --will discuss all that with yvonne: always an interesting space. thank you so much. bloomberg markets is coming up next, this is bloomberg. ♪ rishaad: asia pacific markets gently positive, trade tensions eased slightly. dollar holding declines, the yen flat, the lira paired three days of gains. washington warning more sanctions in the park line. investors optimistic about trade talks. china willrump says have to give up a lot more if a deal is to be done. i am rishaad salamat in hong kong. this is "bloomberg markets: asia." ♪

you can catch more from kokou, heading to radio now to join the europe daybreak team.an type radio on bloomberg, in americaon dab, on on sirius xm. the sec is reportedly investigating elon musk's tweet about a possible buyout of tesla. regulators want to know if the message he had funding already set up for this was factual. an sec spokeswoman declined to comment, as did tesla. meanwhile, bloomberg's been told that elon musk talked to masayoshi son last year about softbank investing in tesla and taking the company private, so maybe that is one source of funding. a source we spoke with said that negotiations stumbled when musk proposed taking just a portion control, so maybe that is not the source of funding. joining us is on its web, bloomberg opinion -- alex webb, bloomberg opinion columnist. it would look to the cynic like elon musk was just trying to bump up the share price by making these tweets, but that seems like it could get him in trouble with the sec. alex: if that is the case, that seems to be the bone of contention. there have been questions about whether i

daybreak," i'm alix steel. high,tures at a record over 2900. nasdaq up 21 points. italian banks get it, dragging down the market. for tens of 1% in europe.o longer needed, the safe haven bid and euro-pound, the highest level since 2017. traderopping, the goods balance widening to -$72 billion for the july trade balance, widening out. the wholesale inventory numbers month on month coming up 7/10 of 1%. the conversation was -- will we see buying ahead of tariffs? that would increase the inventories but the deficit blowing out. david: this was the first month with china tariffs in effect. we will turn to michael mckee. going into this month, a lot of people were talking about tariffs. which way does it cut? michael: it is bad news for the overall gdp numbers because trade deficit subtracts from growth. we do not have all the details on trade numbers but let me pull up a chart to show you what we are talking about. we saw in prior months, soybean exports. you can see early in the year, soybean exports soared, countries were trying to get ahead of potential tariffs. in the -- in june, we saw them flatten. did we see them start to decline? whi

europe of taking advantage of the u.s. the yuan and euro respond accordingly. the largest sovereign wealth fund in the world is investing globalization. it paid the price last quarter. welcome to "bloomberg daybreak." alix steel is still off. that with julie hyman. have: as i sit here, we numbers coming out on the latest department store to report its numbers. it is slightly ahead of estimates. $4.1 billion. that is right in line. the estimate was for a gain of 2.6%. we are seeing a beat. you see the share is moving down. just a word of caution, don't take too much away from it. gross margin in line with estimates as well at 39.5%. i am not seeing and earnings per share number. david: we're looking at comparable store sales. they beat a little bit. the other issue is going to be margins. eps at $1.76. they beat on that. comparable stores sales was up. julie: we are still seeing those shares fall even more. it is a bit confounding seeing that these numbers were largely in line, and we saw a similar situation with macy's. we had a similar situation in the run-up to calls earnings. we had a similar situation with macy's where they are up 50% year-to-date. david: it does feel like macy's at the momen

europe in a few hours. on that note, that's it for us here. >> "bloomberg daybreak: middle east" is next.wing is a paid presentation for theraworx relief with dr. drew pinsky. ♪ dr. drew: if you are one of the millions of americans who suffer from muscle cramps in your legs or feet, relief is finally in sight. hi, i am dr. drew pinsky. and today i am here to share some news that got me excited when i first heard about it. it is called theraworx relief. this life-changing product is clinically proven to quickly relieve the discomfort of muscle cramps and also prevent muscle cramps before they start.

daybreak. quiet augusta monday. we have some market moves this morning. s&p futures falling on the heels of a rally in europe.x tens of 1%. pop 2/10es getting a of 1%. a rebound in the shanghai composite after falling for five straight sessions. it rose better than 1%. the nikkei is down a third of 1%. we set up for the big jackson hole fed economist meeting on friday. a yield 2.86%. not budging much this morning even as jeff guttmacher warns of a potential short squeeze in the treasury market. we are continuing to watch the turkish lira. qatar adding its announcement of a potential of an investment -- a potential investment on a turkey. nonetheless, we are not seeing the lira rally. the dollar is up almost 1.5%. price hases -- crude little change. it had been up this morning. we are seeing commodities broadly higher. copper bouncing by 1.4%. let's get an update on what is making headlines outside the business world. >> president trump's lawyer rudy giuliani is casting doubt on whether the president will sit down with special counsel robert mueller. giuliani told nbc news truth is not truth while discussing w

daybreak," import-export prices. part of that story is trade and part is a stronger dollar. relief rally across the board. losing steam in europeeurope. currency down 1/10 of 1%. 1.13 is how we print. the selloff extending it italy with yields down eight basis points. export prices, year on year up 1% on a down 5/10 of month by month basis. import stronger year on year at 4.8%, flat on a sequential basis. we are looking for signs of tariff impact, of the dollar impact as well. i wonder what read we get. farm export prices plunging the most since 2011. that really will hurt farmers. when their income is already at a low level. david: troubles well before the dispute. there is a push and pull in import prices, stronger dollar driving that down and tariffs driving that up. alix: cultural export prices falling the most. -- agricultural export prices falling the most. carl, what did we learn? changese month on month were on the top side. it looks like the strength in the dollar is starting to take a toll on import story. is more important headline distortion of petroleum prices, up 44%. nonpetroleum imports up 1.3%. that is rolling

daybreak." i am alix steel. happy wednesday, everybody. again, s&pking out futures are flat. health care at a record. how much more juice is there? in europesee a little bit of a comeback from a minor dip. equities now flat on the day. in our asset classes here come of the dollar finding the footing here. .3%.dollar down by we see some stability with the exception of the lira, yet another record low with the lira down 3% again. it is like catching a falling knife. what can the turkish government actually do? we have seven-year notes, two-year floating-rate notes coming out, but the seven we will watch. crude up by .5%. david: let's get an update on headlines. ,hat, we turn to kailey leinz who is here with first word news. kailey: the u.k. and the european union are privately backing off their october deadline for a brexit deal. bloomberg has learned they hope to finalize terms by november. the pace of the talks is picking up. canada's foreign minister has now joined nafta talks in washington, as she is facing a friday deadline imposed by the u.s. she says she is encouraged by progress made by the u.s. and mexico. president trump has threat

daybreak." i am julie hyman. alix steel is off today. s&p futures have gone almost absolutely flat this morning as we see just a tiny tick up in futures. movement in europe downside. a spike in european stock. in the dax, more specifically. they have come back down. some of the banks are putting pressure on them, including hsbc. --saw the composite fall that shanghai composite fall amidst ongoing trade tensions. we have been watching individual movers in the u.s. as well as across asset. the u.s. dollar index in the u.s. up three times of 1%, in part because we are seeing offset in the british pound. following pessimistic comments on a no deal brexit by liam fox. below the 3% mark. crude prices gaining one third of 1%. berkshire hathaway out with earnings over the weekend. the insurance business is doing well. their reinsurance business helping profits in the second quarter. shares higher 2% this morning. perhaps i backs for the company. cash pilot at berkshire is now at $11 billion. investors are wondering if it will go to the. seaworld entertainment reporting earnings, shares up or team percent -- up 14%. praxair under pressure after the ftc in the u.s

daybreak." your bloomberg business flash. ryanair higher today, reaching a labor agreement with its irish pilots. the keyment is seen as to settling a wider dispute in europe has disrupted summer travel. insists it is committed to taking the state oil business public, but an ipo will take place at a time when conditions are optimum. the public offering has been put on hold while the company buys a strategic stake in saudi-based industries. facebook says it has suspended 400 apps in a data scandal. it was over concerns of how the information people chose to share with the app were used. this month, a political consulting firm obtained data on 85 million american people through an app. last: the fed had trade month with the minutes reporting "a number of disciplines indicated most participants had not yet cut back capital expenditures or hiring, but might do so if trade tensions were not resolved soon. we welcome now sameer samana joining us from st. louis. we will put up a chart here, particularly with respect to china. to what extent are markets taking this into account? >> they are not. they are going along with the narrative that this is political, the m

daybreak: americas." deal between two industrial gas giants may be in jeopardy. u.s.ng the merger past regulators will mean to vesting more assets than planned. identified $9 billion of disposals in europe north america. the chinese smartphone maker xiaomi delivered 68% sales growth. overseas,d strides while fending off challenges from local rivals in china. it depends on sales to ramp up users to online services. wants bidders to make offers by the middle of next month for its indian consumer health unit. thannit could fetch more $4 billion. nestlÉ, and one other company have expressed interest. that is your bloomberg business flash. david: s&p futures took a hit late yesterday on the news of two former aides to president trump. highs andt record extended its bull run and markets seemed to be shrugging off the political news. to discuss we welcome our guest sts now.ue the white number is the percentage of numbers above 70 on the rsa. the blue is below 30. it looks like it is broadening. january,mpare it to there is a big diversions. how strong is this market? >> it is quite strong. we had a resetting of earnings expectations as tax reform was priced in through the sectors. we have had

europe of taking advantage of the u.s. the yuan and euro respond accordingly. the largest sovereign wealth fund in the world is investing globalization. it paid the price last quarter. welcome to "bloomberg daybreaklie hyman. have: as i sit here, we numbers coming out on the latest department store to report its numbers. it is slightly ahead of estimates. $4.1 billion. that is right in line. the estimate was for a gain of 2.6%. we are seeing a beat. you see the share is moving