eurasia group's ceo, thank you very much. a quick check of the markets.is how the european markets finished up. we are effectively waiting for the fed. we come to the auction a little bit higher. the ftse 100 was dragged lower by some of the mining stocks. if you want to carry on the coverage, and we are counting you down to the fed, jon ferro will be in new york, i will be joining him in london for the cable show. we take to the air at the top of the hour, 5:00, 6:00 in london. dab digital radio and around the world on all of your bloomberg devices. this is bloomberg. ♪ guy: from london, i'm guy johnson. taylor: from new york, i'm taylor riggs. this is "the european close" on bloomberg markets. guy: facebook made big headlines with its own digital currency but coo says sheryl sandberg says details still need to be worked out. she also talked about facebook's m&a strategy in an interview with caroline hyde. >> instagram is so big, but when we bought instagram come it had 13 employees. 13. i remember when the announcement happened and some of the banks wer

withd you need a briefing the eurasia group and the 6:00 our. -- hour. stay with us.francine: this is "bloomberg surveillance." tom and francine. tensions in the middle east are escalating as to trump buttons iran with additional sanctions. this as the islamic republic it's -- islamic republic it's -- on iran. crude continues to rise following the biggest weekly gains since late 2016. bill kennedy joins us now. how far can the price of oil go if the alliance between saudi and russia stays? >> i am not sure it is usually bullish. at the moment, the continuation of that is priced into the market. the only slight bit of contention is the last level of devotion quota -- level of the russian quota. outcome is the same level and the russians will come on board. they like to do these things. they don't like to play their hand to early. francine: when you look at the tensions. the u.s. saying it will impose extra sanctions. what more can they do? what more can hurt oil? >> at this stage any additional sanctions, things are really hurting iran at the financial level which woul

our thanks to tom mariano, eurasia group u.s. director -- todd mariano, eurasia group u.s. director. let's turn to some other news now. up almost 2%ex is today, having had just a rough month of may. joining us now is liotta baker, who leads our deals coverage. reporter: i heard from sources that they were looking to buy this for a few years, but started about five weeks ago. -- this is their biggest bet ever and largest acquisition to date. this infineon basically betting that the auto sector is going to have long-term problems? they are very exposed to that sector. is this an indication that basically the company has decided that it needs to look outside that space? na: the deal will boost infinieon's exposure to the auto sector. what in light of all of the consolidation in the auto sector , it makes sense for these companies to try to consolidate just because their customers are consolidating. so there will be some new -- newities where capabilities. vonnie: where is infineon exposed geographically? liana: their last attempt a deal was blocked by regulators in the speak -

later we'll hear from eurasia's ian bremmer. he says we're in a geopolitical recession.t that could mean for your money. we'll discuss with him >> joining us, lindsay bell is here, investment strategist at cfra research. barry knapp, director of research at ironside macro economics. and mike, we turn to you as always a lot of talk about being tired this market. what does that tell you? >> sprinting uphill for six day in a row you're going to get tired. i think this is the best way to end the streak i think you'd rather miss a streak by a few ticks than make a streak by a few ticks because all of a sudden the streak becomes the story rather than the overall position which is a really nice bounce after a decent little pullback in may. today had basically the same amount of stocks up and down the new york stock exchange. it was basically just kind of an even story to me the interesting part is obviously going to be how we kind of ingest the cpi news tomorrow and look ahead to the fed and decide exactly what's been priced into this market by the way, earnings -- i mean, they

in and act as a unified bloc to balance the united states and also to drive it out of the heart of eurasia but i would argue if the organization has never been able to function that way because of some disagreements among its members a lack of a strong infrastructure or a inherent to itself and other challenges david r.s.a. would you agree with that assessment how important is this block to china in particular and its belsen road initiative with the the still escalating trade war with the u.s. right now. yes i think richard's right it has been an underperformer but the a c. o. for china is strategically important because. it can do what china needs which is stabilize central asia and reckons al differences rivalries it has was russia this will go a long way toward helping to be alright i succeed because that the mainland connectivity carders of the. 2 central asia so it's very important. what one of the organizations aims and ambitions what does it see itself as and who is in the driving seat russia or china when the 1st place we shouldn't forget that a c.e.o. didn't appear as a counterbal

the reason i'm saying this is not just about iran, it is about the region, eurasia. the trump administration i think is playing fast and loose and being reckless. we see the trump administration be having recklessly in other parts of the world. that's true. but with iran, i think their finger is on the trigger. the very fact that pompeo gave this prevents and should just to people that this is not the time -- suggested people this is to have the time to sit back and say "i don't think they're going to do it." it is very likely the u.s. is going to make some strike on iran and that strike is going to open further the gates of hell for the region. , we're goingashad, to break right now and when we come back, i want to ask you about the extradition proceedings that have begun against julian assange who is in the belmarsh prison in london, and look at why one of his friends, the internet activist ola bini, has been jailed in ecuador for over two months, picked up the same day as julian assange. this is democracy now! back with vijay prashad in a minute. ♪ [music break] a

. >> tucker: research fellow at the eurasia group, thanks a lot for coming on. of this is confusing and it's hard to know exactly what is going on in the persian gulf into would be responsible for these attacks but the broad outlines are clear. there are people in washington and quite a large faction in our foreign policy establishment that would like to see a conflict between united states and iran. you have done a lot of polling on what a the public wants and thinks about this, tell us what you have found. >> the eurasia group foundation conducted a poll called worlds apart, public opinion and u.s. foreign policy, we asked a question about iran if you remember back in last may when president trump withdrew from thee jcpoa, the iran nuclear deal, we asked the american public if they were to get back on track with the nuclear weapons program, what kind of response would be warranted? 80% chose some sort of diplomatic remedy, but what you might be surprised is a majority of both republicans and democrats of the remaining 20% thought that iran had the right to hav

eurasia specifically spaces and also to take ownership of our voices to take ownership of our kaif's we write our own narrative is visual negatives are really important and also for us to say that's we are proud of as black people. proud and joyful this was one of the great emotional moments of this year's be anonymous or from ghana celebrated its 1st national pavilion in venice an exhibition that us 120 years old the country's 1st lady came to the inauguration as a top british architect david adjaye who has canadian roots and who designed the pavilion. and. this president wants to ensure that the guards are central to the development of a country central to tourism sokol to the soft power of the country and communicating to the world because of incredible benevolence of a country and its people so that's why we're here and not a small pavilion but a very large to really make a very large state with. just designed plays on good main building traditions creating an intimate space for the sensitive portraits by painter the net your dog watching. the. film and traverses by felicity upon

in and act as a unified bloc to balance the united states and also to drive it out of the heart of eurasia but i would argue if the organization has never been able to function that way because of some disagreements among its members a lack of a strong infrastructure or a inherent to itself and other challenges david r.s.a. would you agree with that assessment how important is this block to china in particular and its belsen road initiative with the the still escalating trade war with the u.s. right now. yes i think richard's right it has been an underperformer but the a c. o. for china is strategically important because it it can do a change in the switches stabilize a central asia and reckons al differences rivalries it has was russia this will go a long way toward helping to be ironic succeed because the the mainland connectivity carders of the. 2 central asia so it's very important. alexi. what one of the organizations aims and ambitions and what does it see itself as and who is in the driving seat russia or china when the 1st place we shouldn't forget that a c.e.o. didn't appear as a

in and act as a unified bloc to balance the united states and also to drive it out of the heart of eurasia but i would argue if the organization has never been able to function that way because of some disagreements among its members a lack of a strong infrastructure or a inherent to itself and other challenges david r.s.a. would you agree with that assessment how important is this block to china in particular and its belsen road initiative with the the still escalating trade war with the u.s. right now. yes i think richard's right it has been an underperformer but the a c. o. for china is strategically important because. it can do a change in the switches stabilize a central asia and reckons al differences rivalries it has was russia this will go a long way toward helping to be ironic succeed because the the mainland connectivity carders of the. 2 central asia so it's very important. what one of the organizations aims and ambitions what does it see itself as and who is in the driving seat russia or china when the 1st place we shouldn't forget that as c.e.o. didn't appear as a counterbalan

at things like china's development road initiative we of course see russia trying to marry off its eurasia economic union it is looking for relief from the sanctions that the united states and europe have imposed. showing news who were considered a security threat in the united states today he signed a deal with russian telecoms companies to develop the 5 g. network in russia i mean what are the implications of that. well i think the implications are profound and the risk is that we will see a kind of a bifurcation of the telecommunications network if we see russia and china and other like minded countries moving forward with weiwei systems and i think we run into that risk clearly of the united states is concerned about this and has put a tremendous amount of pressure on our european allies and partners to avoid signing deals with weiwei and so i think this is going to be a kid battleground in the years to come. and one against you know and very today is the commemorations for the 75th anniversary of d.-day 5 years ago mr putin was at the 70th anniversary commemorations he was noticeably

strategically independent autonomous and you know but china's in a position to be a dominant power in eurasia it's huge it's arguably a global power a rival to the united states russia india are sort of want to be great powers their regional powers but they were they would like to achieve great power status and so this because they have these ambitions well it's very difficult for them to to agree to any meaningful and important of cooperation between them whether it's security or economic because the the the the the ambitions of these 3. are in a way mutually incompatible even though they all want to promote racial integration the terms on which they want to do it. you know there won't there won't be any common agreement on on how exactly to this does that mean david that that they can never be allies in the true sense of the word that they're merely countries who may be willing to work with each other and a loose affiliation that's correct yes because each of these powers wants to remain strategically autonomous which means they cannot. unless absolutely forced. they they will be very reluc

speaking at a gathering of eurasia leaders in kyrgyzstan iranian president hassan rouhani said the u.s. is pushing and aggressive stance that cannot be tolerated. as the government of the united states over the last 2 years using economic and military capacity and is creating an aggressive approach the united states has stepped over all the norms and regulations of the international community and has created new threats for the region and the world. and the war of words the japanese owner of one of the ships has cast doubts on the u.s. claim that mines were used he said the ships a lot of soft flying objects before the explosion this for analysts hard evidence is kept but intentions on the one side or the other are easy to gain your on may well one to prove that if squeezed it can hit back by dissipating oil supplies through the strait of hormuz the u.s. leaders on the other hand have long shown their desire to punish iran for its alleged nuclear ambitions one analyst says whoever is behind the attack incident has given the us a perfect opportunity but i think it's pretty clear that th

iranian leaders accuse the us of what they call diplomacy against a country speaking at a gathering of eurasialeaders in kyrgyzstan iranian president hassan rouhani said the u.s. is pushing and the going to see if starts that cannot be tolerated. as the government of the united states over the last 2 years using economic and military capacity and is creating an aggressive approach the united states has stepped over all the norms and regulations of the international community and has created new threats for the region and the world. and the war of words the japanese owner of one of the ships has cast doubts on the u.s. claim that mines were used he said the ships a lot of soft flying objects before the explosion this for analysts hard evidence is kept but intentions on the one side or the other are easy to get your on may well one to prove that if squeezed it can hit back by dissipating oil supplies through the strait of hormuz the u.s. leaders on the other hand have long shown their desire to punish iran for its alleged nuclear ambitions one analyst says whoever is behind the attack incident h

accuse the us of what they called subtleties diplomacy against the country speaking at a gathering of eurasia leaders in kyrgyzstan iranian president hassan rouhani said the u.s. is pushing an aggressive stance that cannot be tolerated. as the government of the united states over the last 2 years using economic and military capacity and is creating an aggressive approach the united states has stepped over all the norms and regulations of the international community and has created new threats for the region and the world. and in the war of words the japanese owner of one of the ships has cast doubts on the u.s. claim that mines were used he said the ships a lot of soft flying objects before the explosion this for analysts hard evidence is kept but intentions on the one side or the other easy to gain your r. and b. well one to prove that if squeezed it can hit back by dissipating oil supplies through the strait of hormuz the u.s. leaders on the other hand have long shown their desire to punish iran for its alleged nuclear ambitions one analyst says whoever is behind the attack incident has giv

following the your classic line no for the united states of trying to reduce or rush us power in eurasia so is very very difficult to a situation but at the same time. we can expect to do not trying to try to. if pessah not or deal is we've. had of states of big power us into wars of need looks like you more and more 19th century style politics where there is a is sort of concept of great power us emerging on the way or the head of states of big states try to with. negotiate temporary didas break our use didas ok and contain each of all yeah fascinating insight there thank you so much for that geopolitics expert p.r. among you all to man live on the program or before jetting off to japan donald trump threatened to head all remaining imports of chinese goods into the u.s. with tar if a trade deal isn't struck in osaka that's the threat. so they want to make you feel they want to make you feel more than i do let me put it they want to make a deal i've only done phase one phase one is 25 percent of 250000000000 i haven't done phase 2 years now phase 2 doesn't have to be 25 percent it could

speaking at a gathering of eurasia leaders in kyrgyzstan iranian president hassan rouhani said the u.s. is pushing and the going to see the stance that cannot be tolerated. as the government of the united states over the last 2 years using economic and military capacity and is creating an aggressive approach the united states has stepped over all the norms and regulations of the international community and has created new threats for the region and the world. and the war of words the japanese owner of one of the ships has cast doubts on the u.s. claim that mines were used he said the ships a lot of soft flying objects before the explosion this for analysts hard evidence is kept but intentions on the one side or the other are easy to get your on may well one to prove that if squeezed it can hit back by dissipating oil supplies through the strait of hormuz the u.s. leaders on the other hand have long shown their desire to punish iran for its alleged nuclear ambitions one analyst says whoever is behind the attack incident has given the u.s. a perfect opportunity but i think it's pretty cl

no longer at the center of the economic and political universe as it has been in fact potentially eurasia would outmatch them in economic resources now an intelligent policy would be to partner with it to join in with a long way instead of what what they're trying to do is they're trying to obstruct it but with every step they take to obstruct it they should increase the inputs both by the chinese and the russians out. because what the russians and the chinese have found is that they can trust each other and work well together they can't do so to the same extent when the united states or with its european allies in the west anymore they have a very good point considering what the european union did to ukraine in 2040. a lot of critics of us here you know a lot of critics say that china russia is getting involved in a relationship with you know we can find our lines where in our partner whatever ok but the kind of working with china the way they are the russian will inevitably be the junior partner how do we have to the world there was such a danger of the west is liquidity in this danger

speaking at a gathering of eurasia leaders in kyrgyzstan iranian president hassan rouhani said the u.s. is pushing and aggressive stance that cannot be tolerated. as the government of the united states over the last 2 years is using economic and military capacity and is creating an aggressive approach the united states has stepped over all the norms and regulations of the international community and has created new threats for the region and the world. and in the war of words the japanese owner of one of the ships has cast doubts on the u.s. claim that mines were used he said the ships a lot of soft flying objects before the explosion this for analysts hard evidence is kept but intentions on the one side or the other are easy to gain iran may well one to prove that if squeezed it can hit back by dissipating oil supplies through the strait of hormuz the u.s. leaders on the other hand have long shown their desire to punish iran for its alleged nuclear ambitions one analyst says whoever is behind the attack incident has given the us a perfect opportunity but i think it's pretty clear that

speaking at a gathering of eurasia leaders in kyrgyzstan iranian president hassan rouhani said the u.s. is pushing and they going to see if stops that cannot be tolerated. as the government of the united states over the last 2 years using economic and military capacity and is creating an aggressive approach the united states has stepped over all the norms and regulations of the international community and has created new threats for the region and the world. and the war of words the japanese owner of one of the ships has cast doubts on the u.s. claim that mines were used he said the ships a lot of soft flying objects before the explosion this for analysts hard evidence is kept but intentions on the one side or the other are easy to gain your on may well one to prove that if squeezed it can hit back by dissipating oil supplies through the strait of hormuz the u.s. leaders on the other hand have long shown their desire to punish iran for its alleged nuclear ambitions one analyst says whoever is behind the attack incident has given the u.s. a perfect opportunity but i think it's pretty cl

iranian leaders accuse the us of what they call diplomacy against a country speaking at a gathering of eurasia leaders in kyrgyzstan iranian president hassan rouhani said the u.s. is pushing an aggressive stance that cannot be tolerated. as the government of the united states over the last 2 years using economic and military capacity and is creating an aggressive approach the united states has stepped over all the norms and regulations of the international community and has created new threats for the region and the world. and in the war of words the japanese owner of one of the ships has cast doubts on the u.s. claim that mines were used he said the ships a lot of soft flying objects before the explosion this for analysts hard evidence is kept but intentions on the one side or the other are easy to get your on may well one to prove that if squeezed it can hit back by deceptive oil supplies through the strait of hormuz the u.s. leaders on the other hand have long shown their desire to punish iran for its alleged nuclear ambitions one analyst says whoever is behind the attack incident has given

executive vice president of the eurasia center believes the sanctions aren't designed to improve the u.s. competitiveness it's not about energy security at all it's about control and trying to isolate russia in the odd manner that actually creating more friction between the europe europe and the us europe has been importing gas from russia or the postal union they've always been reliable much more reliable than the united states international agreement. but the u.s. is going to threaten sanctions it's trying to use red in order to improve the compared to the u.s. is that in europe interest so all busy to. us no absolutely not europe should make a decision on their own what's best for their energy security it should not be dictated from washington. coming up climate change becomes a red line issue for the french president as he heads to a gathering of world leaders in japan story and wolf you after this break. when lawmakers manufacture consent to public will. when the remain close to some project themselves. with the final. listen to the woman. we can all middle of the room stick. to

leaders accuse the us of what they call diplomacy against the country speaking at a gathering of eurasia leaders in kyrgyzstan iranian president hassan rouhani said the u.s. is pushing and the going to stop that cannot be tolerated. as the government of the united states over the last 2 years is using economic and military capacity and is creating an aggressive approach the united states has stepped over all the norms and regulations of the international community and has created new threats for the region and the world. and in the war of words the japanese owner of one of the ships has cast doubts on the u.s. claim that mines were used he said the ships a lot of soft flying objects before the explosion this for analysts hard evidence is kept but intentions on the one side or the other are easy to gain iran may well one to prove that if squeezed it can hit back by dissipating oil supplies through the strait of hormuz the u.s. leaders on the other hand have long shown their desire to punish iran for its alleged nuclear ambitions one analyst says whoever is behind the attack incident has g

tracing its impact in a myriad of countries from latin and central america and the caribbean to africa eurasia southeast asia the subcontinent and the far east it's all the video joins me now v.j. welcome to going on the ground so why have you written a book called red star of the 3rd world frankly you had one of the most important world historical events that took place in 1917100 years ago when the people of the zionist empire rose up overthrew the shah and created 1st a democratic government in the beginning of 1917 and then deep in the revolution and created the people's government the impact of that revolution on the colonized world was absolutely fundamental and what i felt had happened in the commemoration of the russian revolution is once more it had been wrapped up in the cold war in cold war logics in thinking about your up as the center of the world and so on when in fact the impact of the russian revolution was much greater felt. in the rest of asia in africa and in south america than it was felt in marx's home countries of germany and britain now we're just commemorating celebrati

at risk almost every single day freedom house says the biggest drops in press freedom have come in eurasia and the middle east north africa areas the report says examples include new legislative restrictions embellished further arrests and convictions in lebanon and heightened insecurity and fatalities in war torn yemen people with in the countries need to understand the value of they be independent past the value that it can bring to their country and how it helps promote everybody's freedom freedom house insists it's not all bad news it highlights ethiopia malaysia armenia ecuador and gambia as places where improvement in democracy has led to partly all gains in media freedom and it says media freedom can easily bring spac from even long periods of authoritarian intervention but there's a warning to you about social media and how authoritarian governments and state actors can manipulate. the online space to manipulate and undermine democracy it calls on the tech giants and governments to improve transparency which in turn improves press freedom and by extension democracy itself alan fisc

erode or to to take take inroads into their european values let's say to louis navarro he is the eurasia foran a program fellow at the foreign policy research institute he's joining us from washington d.c. thanks for being with us on the news hour so as a reporter was saying the protests really were triggered by the arrival of that russian delegation but what is the crux of the issue here or what you understand it to be are people angry at rush hour are they angry at their own government. it's a combination in fact what we saw last night was the culmination of public outrage around the oscillation of the georgian government in both turned incompetence and a combination of russian soft power and as your reporter alluded to part of that is around the language of orthodox christianity in a country which is overwhelmingly orthodox christian the other part of that which is what we're seeing today is their belief that economic tourism in particular is a point that georgia has developed with russia and therefore a point that they can apply pressure and so what we're seeing on the streets is a p

or more of this we can now cross live to earl rasmussen who's the executive vice president of the eurasia center thanks for being with us here in r.t. international. quite an interesting topic this whole thing with russia and the e.u. they've made it clear that they're not going to stop building the nordstrom to pipeline does the u.s. have the power to block construction given the late stage of the project at this point. well sean that thanks for having me it's it's been going along quite well and i think it's busy it's in the european europe's best interest to finalize the project and continue but the u.s. is going to it's going to threaten sanctions which i think this is if you look at it from a broader perspective i mean from all the sanctions and and tariffs going on it's it's a competitive type thing it's trying to use threats in order to improve the competitiveness of the u.s. so do they have the potential to do this yes is it in europe's interest so so fall to. 2 u.s. threats no absolutely not expression if you look at it i think a better approach would be to to be more competitive

let's bring in mark so makowski he's a senior fellow at the atlantic council's eurasia center he joins us from washington mr zuma kosky welcome to the news here other aspects of the joint bilateral relations seem to be in a constant state of flux is that the main part of the dynamic here. you know i think russia and china have a mutual interest and converging in increasing their ties obviously the geo political context is that both countries see a threat from the united states they see it arising challenge and as a result they want to merge and converge their policies and their economic cooperation obviously on the russian side because it's isolated from the united states looking for markets looking for partners on the chinese side it's more political china does not rely on russia or russia as a junior partner to china which russians do not want to hear but of course politically it's of benefit to beijing to showcase the united states that a cost of pushing china away as a result of these trade negotiations is what has always concerned policymakers in washington is the convergence betw

mark hanna at the eurasia group foundations as it is clear the president didn't looking for a diplomaticion in the middle east and so far his instincts have been right on. >> reporter: the american public wants no piece of war. we are seeing secretary of state mike pompeo and john bolton, the national security adviser whispering in the president's here serving their own agenda, not necessarily his agenda. the president's instincts are correct. he has been restrained, unless you wants to negotiate a better deal with iran, i don't think he wants to go to war. he knows how catastrophic that would be for american lives, american treasure, american prosperity and it is not worth getting quagmire did in another war in the middle east. heather: the united nations is urging restraint. some other headlines. the man accused of shooting david ortiz says he wasn't the intended target. he says he was confused by his clothes. it is unclear who he meant to shoot. 9 people are behind bars following three new arrests overnight. police are searching for their 10th and final suspect who is also wanted in p

for more on the tensions in hong kong, i want to welcome michael hurston from the eurasia group.do you make of all of this tension? was this scene as a misstep by carrie lam? >> i think so. what was interesting, in the middle of last week, you saw beijing say that it was lam driving this. trying to give the authorities in beijing some distance for her to withdraw this bill, at least temporarily. it really has been a terrible misstep on her part, misreading of public sentiment in hong kong. amanda: michael, what makes this so interesting, at its heart, this is a human rights rally, and this is china. at what point does beijing simply not allow this to continue in a way that one imagines it could at some point? michael: it is difficult. beijing is worried about their de facto control of hong kong, implications for the domestic audience within mainland china. i tend to think that beijing will be very reluctant to see lam stepped down from power early. emboldeningeally be further protests, which is not something beijing wants to see, but they have a very difficult situation. does not

speaking at a gathering of eurasia leaders in kyrgyzstan iranian president hassan rouhani said the u.s. is pushing and the going to see if staffs that come out to be tolerated. as the government of the united states over the last 2 years using economic and military capacity and is creating an aggressive approach the united states has stepped over all the norms and regulations of the international community and has created new threats for the region and the world. and the war of words the japanese owner of one of the ships has cast doubts on the u.s. claim that mines were used he said the ships a lot of soft flying objects before the explosion this for analysts hard evidence is kept but intentions on the one side or the other are easy to get in iran may well one to prove that if squeezed it can hit back by dissipating oil supplies through the strait of hormuz the u.s. leaders on the other hand have long shown their desire to punish iran for its alleged nuclear ambitions one analyst says whoever is behind the attack incident has given the us a perfect opportunity but i think it's pretty