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purchased be about to deliveroo. what will that mean next in that space?loomberg. ♪ matt: welcome back to bloomberg markets, this is the european open and we are 22 minutes into the session. let us look at the loser is stocks. equity indexes are up across the board in asia after big gains in asia and the u.s. i thought it would be interesting to look at the losers since most of the winners are those boats that we mentioned. this group is down 10%. that company is going to maintain its revenue growth in but it was disappointing growth. full-year revenue missed the street estimates by almost 2%. they expect their performance to be weighted down in the second half with currency rates providing a tail wind. to revenue. a tough day if you are a holder of those shares. the market cap literally decimated. matt: indeed. a bad day for smiths and we also have delivery hero trading lower on the uber story surrounding deliveroo. -- 20 pmi's missed estimates. the data will be closely watched by government officials as budgets are being cobbled together in great detail.

love deliveroo. kong, housesf hong are very expensive.rite story today, a four in hong kong that, like awas sort of florida mcmansion, kind of a fixer-upper. the interior is not that great. it is selling for half $1 billion. $446 million. insane property prices. rent is so expensive. we were talking about new york being expensive. i was telling people, i love new because there is so much space. >> do you know much about this neighborhood? shery: i think it is in the which has a beautiful view, which is amazing. i'm not sure it is worth a half llion dollars. >> someone is paying rent on this. shery: not someone like us. good thing they have their tech giants and billionaires. caroline: thanks. fascinating, in-depth knowledge the hong kong real estate and food sphere. out, "daybreak: asia" and "daybreak: australia." we will talk to the president of zimbabwe tomorrow. >> economic data. japan releasing numbers for inflation for august. g day quadruple witchin for the u.s. all on the same day. >> bloomberg technology is next. ♪

i was on a jury this summerand deliveroo.e they would not get any money at all and they had to request not to sit. labour are right to highlight this. depending on how it‘s going to be paid. there is an acknowledgement about people deserving protection. also having protection of rights. isn‘t that the key, how are they to be paid for? that's the thing. in theory, it's a great policy. why shouldn't workers have sick pay, holiday pay, it's completely right. jaguar wants this and this but what about business doing more to look after its staff. the thing that always comes back, it's a great policy, but he goes on to talk about how he's going to put up to talk about how he's going to put up income tax, corporation tax, spend $500 billion, the socialist blueprint. people thinking, all the centrists in britain might think, i can vote for that. how are going to afford that? the tories are worried because they are not doing anything domestically at the moment. they are picking up some quite important and serious issues. they are putti

ubner was reportedly in talks with deliveroo. that sent stocks down.y did not get picked for the team. now we are reports amazon has held two sets of talks with deliveroo. it will be interesting to see what that does to these delivering on each shares now that we seem more big tech companies are interested. anna: if they did not make the grade last time, can they make the great this time? talking to newspapers about selling assets in central america, keep that under watch. imperial tobacco with a trading update. changes of ceo at b.a.t.. we will keep those in focus. the market open next. ♪ anna: we're less than a minute away from the start of the european equity trading day. these markets ahead of the start of equity market trading. we saw market moving comments from mario draghi at the e.c.b. he was talking about being relatively vigorous on inflation. oil is slightly lower in the last half-hour but we see a little bit of weakness coming through. this is the pound against the dollar. moving around a little bit. keir starmer is speaking. we'll return t

weekend says uber has sharpened its appetite for european takeaways, as it plans a link—up with deliveroof ellie chessell, an acid attack victim, who says she was talked out of suicide by the strictly star katie piper. that was a quick look at the front pages. let us discuss these a little further. we are going to start up with the guardian, which gives a nice summary of what has happened today. jo—anne, do you want to start off for us? i think what is quite remarkable in a way about all of the newspapers is, despite mrs may having come back from south spoke with frankly less than zero, having had a very disappointing session there, the tone of the front pages of the newspapers, is not inside the papers, is actually pretty positive on the whole, they seem to have reacted well to the combative approach he has taken with today's unplanned announcement outside number10. —— selt unplanned announcement outside number 10. —— selt spoke. unplanned announcement outside number10. —— selt spoke. it unplanned announcement outside number 10. —— selt spoke. it is a curious turn around, if only for thi

in other news, the financial times reports that uber is planning to link up with deliveroo, the london—basedup. and the daily mirror leads with the story of ellie chessell, a victim of an acid attack, who says she was talked out of suicide by the strictly star and fellow acid attack victim, katie piper. those are the front pages. like we said it's all about brexit tonight. thank you forjoining us here jessica and joanne. shall we start with the times? this reallyjust gives a generalfeel to with the times? this reallyjust gives a general feel to today's brexit news. quite an unexpected statement from theresa may today although perhaps one that could have been predicted yesterday, even for us been predicted yesterday, even for us this morning we are told she was not going to say anything despite the complete humiliation installs birgit today where leaders came out and tore her apart brexit plan and you know theresa may it was an hours notice that we got told she would make the statement and she came out swinging. she said the —— they needed to respect her more and there was some quite disrespe

why do they need deliveroo? is one better? i would not say one is better, but they have a very strong brand. while is strong in the u.s., they are incredibly dominant player in the u.k.. smaller, but they are one of europe's biggest startups. our margins better when you deliver food that passengers? >> it is certainly faster growing, so the margins are definitely better. businesses are just lower margins. they deliver high and from restaurants. if you wonder around the city, you will be surrounded by drivers, and that is where the real money is. they are also one step ahead by launching was called dark kitchens, when they take upscale restaurants and move them out of areas where people cannot get those restaurants. it is a stronger on business. francine: is like a pop-up restaurant. do you like the technology overall? >> yes, but it is now everything. so when we are looking at it across the sectors, then everything is digitalized. is one of the differentiating factors within the sectors, which of the companies are ahead of the

collective—bargaining, giving greater shares to staff of their own companies, giving casual workers in the uber and deliverooll compulsory, and they are worried at the company ‘s elite mac comment on this article that it'll scare investors away, and it is mandatory. and the last thing, liz truss, chief secretary to the treasury, said that the policy would make it harder for companies to take on staff as well. eve, if you could ta ke on staff as well. eve, if you could take us back to the front page of the guardian, there is a study of regarding labour and schools. don't know if you've got... with got that, yes. they want to get rid of three schools, dubbed the? well, this may be something that they want to do because of their psychological feeling about free schools. my feeling about free schools. my feeling is, having any schools except... and much more worried about faith schools myself, but there won't scrap free schools. what sort of...? there are so many more important things to do, but this is one of their plans. this is what happens at conferences. i have been to many conferences in my life, 99 years!

uber is in talks to buy london-based delivery service deliveroo.ation was $2 billion. beene past deliveroo has reluctant to give up their independence. alix: thank you. we turn now to pursuits, or we take a look at the life of luxury. goodbye tulum. nayarat.iera almost 60 years after its first -- opened, "playboy" david: this is bloomberg's editor for global luxury coverage. let's start with the riviera nayarit. beautiful stretch of 200 miles of beaches north of port of our top. there will be four or five luxury resorts coming. david: four seasons has been there for a while. >> there is. it is part of this region. people that go to los cabos, they don't go into the water. tulum more beaches, and has historic runs, it is an undeveloped area. alix: it is gorgeous. am i going to get together or is it more -- to go or is it more les moonves? >> you can get hotels for $300 a night. there will be a rosewood, a one and only, a cirque du soleil theme park. alix: that sounds terrible. that sounds stressful. david: can you get there? can the airport handled

to try and buy deliveroo.hat amazon wa nt interesting to think that amazon want this type of delivery service as part of their folder as well. they are already huge. as part of their folder as well. they are already hugelj as part of their folder as well. they are already huge. i have some of what then will be shopping for in the next couple of days. if you hadn't noticed already, he loves the ryder cup. this is the team europe and team usa outfits. team europe jacket is £400, and that particular jacket is £400, and that particular jacket is £400, and that particular jacket is £150, half zip jumper at £140, full zip jumper £150, full zip waterproof jacket, £140, full zip jumper £150, full zip waterproofjacket, £450.” £140, full zip jumper £150, full zip waterproof jacket, £450. i know it is expensive, but it is an occasion. if you are going to a wedding you spend a lot on a posh dress. if you are going to a wedding you spend a lot on a posh dresslj suppose spend a lot on a posh dress.” suppose you wear your go

uber is said to be in talks to buy deliveroo. of sky will be in the hands of the highest bidder. good morning, everyone. it is just on 7:00 a.m., we are just over an hour away from the equity market open. the s&p hit a fresh record in yesterday's session. the four u.s. benchmarks hit a record high. all the u.s. benchmarks have erased their february losses. it also begs questions asked whether the worries about markets threat, perhaps overdone. looking ahead, six days of gains for european equities now. this could be a seventh judging by futures. ftse 100, dax, and cac 40 pointing higher. we have seen the rally continue in asia. a good couple of weeks for em. is generally risk on. let's take a look at what is happening in the bond markets. if we look at the 10 year treasury yield, that is up 1.5 basis points. we are staying well above that 3% level. we have seen long and jgb yields rising. yield has been rising in japan after the bank of japan basically tweaked, reduce the buying of its longer dated purchases. if we like -- take a

. >> 89 for the dow. >> he did that quick deliveroo is a london-based startup valued at $2 billion talks could fall apart because deliv rue has been reluctant to give up its independence. >>> walmart sent a letter to robert lighthizer two weeks ago saying it may hike prices on certain products if the trump administration imposes tariffs on china the white house has since announced more tariffs food products, def raj beverage personal care items could see higher prices. >> we get a lot of beverages from china that's weird >>> another trade warning comes from micron. the chipmaker says gross margins will be hurt by the latest round of tariffs on china. those comments overshadowing a solid quarter for the company. micron beating on the top and bottom line. the stock was up 4% after hours until it started talking about how the tariff also crimp its gross margins. >> a ton of sensitivity about where margins are in the cycle for micron the stock trades at four times forecast earnings. i nthink any commentary that sas the best is behind us for margins is not taken well. >> the company's ceo wil

share index to a fresh two—week high on friday, whilejust eat tumbled as uber‘s reported advances to deliverooe indie band wolf alice. they beat the likes of noel gallagher, arctic monkeys and lily allen, who wasn't happy. here's our arts and entertainment correspondent, colin paterson. wolf alice. cheering. indie band wolf alice, winners of the mercury prize for their second album, ‘visions of a life'. the judges said it combined the epic and intimate in equal measure, they were visibly shocked by the result. thank you so much! cherring. this was the second time they had made the mercury shortlist, but theirfirst win. in fact, no female fronted act had triumphed since pj harvey seven years ago. immediately after they came off stage, they told me why it meant so much to them. i think i have always found being a musician, being a performer, the whole music industry extremely intimidating and scared about it and not knowing what i was doing. but here we are, four best friends and we still don't know what we are doing. but we are here. you know... it means everything. i don't know. i don't know t

uber has its own service, uber eats, that competes with deliveroo.00 cities around the world. uber expanding. >> walmart warning president trump's tariffs could raise prices on their products. he is always arguing with me. americans for prosperity, tim phillips. case closed, 15-love. prices are going up, tariffs are bad. >> shockingly prices are going up on american consumers. other side knows it. other side knows it. in several states they're on the air attacking republicans because of farmers hurting new york dak and missouri. the president has done so much good. one reason tax cuts. the reason the market at highs we can agree. tax cuts, deregulation, knocking down barriers to job creation. it has been amazing what this administration with some help from congress has done. they're risking undermining this with tariffs. stuart: let me they this at you. i said this before. the tariff situation, put it like that is hurting china, much more than it is hurting us. their economy really is slowing down, big time. their stock market is down significantly.