jeep brand nancy in singapore fiat denying this. yet we still have seen the stock price climbing >> that's right. ever since those initial reports from automotive news about a potential chinese bidder surfaced, we've seen a double percentage point increase for fiat shares. investors have been cheered by this news. but fiat chrysler saying they have not been in direct talks with great wall motor about interest in jeep or other business matters related to the company. today the news from great wall, you're looking at their own stock behind me, suspended here. that's because great wall motors said in a filing they were halting shares pending news related to a news article th that can't be anything other than the reported interest in jeep reporters were told yesterday that they were interested in jeep and perhaps acquiring all of fca as well we're awaiting additional details. we got a pop in great wall motor shares before the stock was halted many analysts have said, y this deal makes sense great wall motors is the largest suv producer

remember that the family who founded fiat, on 25%, just under that, all -- there fiat chrysler 's ceo planning to leave. they have done this before with ferrari. vonnie: thank you, our stock of the hour. ceo,versation with the ibm sheets is down with david rubenstein -- she sits down with david rubenstein. here is how she characterized how over 100 years the company is reinventing itself. >> let's talk about ibm. it is a hardware company, a software company, a consulting company, what would you say it is today? >> keep going. [laughter] >> it is an enterprise company, we uniquely live in the intersection of tech and business. built over time, hardware, we layered it with software and built integrated onto that services. now we are becoming a cloud and cognitive solutions company. there will be another reinvention of ibm one day in the future. today, it is about that. not about the technology, it is about cloud, artificial intelligence, the why. as i say to my colleagues, i feel like we are the champion for business, the champion for business. . will take what i mean by that if you ask

mark: in a week where you broke the story that fiat chrysler is considering's bidding off some fiats and chrysler inseparable right now? tommaso: jeep is clearly crucial and the most profitable part of fiat chrysler. you mentioned selling jeep and keeping the other car businesses. that is why we are gearing fiat chrysler may consider spinning off some premium brands, italian ones, maserati, alfa romeo, but .eeping jeep to find a partner they had been vocal of the fact it is necessary for the auto industry to consolidate. they want to do with selling jeeps. vonnie: he has been relentless on that. let's look at the chart. 2075. shows fiat is maybe providing more value here relative to the stoxx 600 auto index. tommaso: fiat is still one of the cheapest stocks in the industry. that is the reason why his executives are considering to spin off some. that is a way to extract value. remember ferrari in 2016? he sultan percent in an ipo in new york, and give the rest to shareholders at the beginning of 2015. -- look the volume at the value of the company now. he managed to double the value f

at the moment is not clear whether great wall target all of fiat chrysler are only fiat jeep.s probably more news to come this week. christoph: in other news the first round of renegotiating the north american free trade agreement nafta came to a close today. give us the latest. sophie: the first round of nafta talks kind of got to a awkward start last week. at a press conference, leaders from mexico and canada praised gains nafta had brought to all three countries. it's going to be tough and that is not surprising at all, as trump has promised to renegotiate trade deals was a key part of his campaign. both canada and mexico would have to step back on certain issues. christoph: sophie, thank you. from new york over the russian capital moscow, and an experiment where no one is in the driver seat. two local automotive manufacturers are teaming up to create an autonomous van big enough to seat up to one dozen passengers and replace minibus taxis that play a key role in russia's public transportation system. reporter: this prototype driverless van may look slow and ungainly, but i

we will keep a close eye whether fiat chrysler ends up with a new owner.alking trade today as the us, canada and mexico finish their first round of talks to overhaul north america's free trade deal, known as nafta. it comes after president trump threatened to scrap the pact — saying it's been a disaster for us workers. the countries have pledged to reach an agreement by early next year, but some trade experts have warned it could take much longer. there are huge challenges ahead. the us says it wants new promises that more vehicles are manufactured in america. at the momentjust over 62% of each vehicle must come from one of the three countries, but the us hasn't yet explained how it wants this changed to boost its own automotive sector. with me is cailin birch, global analyst at the economist intelligence unit in london. welcome to the programme. which is the most challenging for them to reach a consensus? there are a number of areas that could be promising for a potential agreement. one of the automotive industry. we are seeing some disagreement about wha

in behind. >> he swerved to miss the fiat and swiped the fiat?gators believe that high-speed swerve by the mercedes to avoid the fiat was just enough to send it careening into the pillar. as for the fiat, it was never found. neither was the driver. after an exhaustive 14-month investigation, paris police did arrive at a very simple conclusion. >> the french government issued its report on the crash that killed princess diana. a french magistrate placed blame on one man's shoulders. >> that man was the driver, henri paul. remember, he had been off duty, called in specially to drive the princess and dodi. lab tests revealed he was intoxicated at the time of the crash. his blood alcohol level twice the legal limit. investigators determined paul was drunk and driving too fast as he tried to flee the paparazzi. >> translator: it was, in summary, a tragic traffic accident. >> but one british poll indicated more than 60% of uk citizens were convinced diana and dodi's deaths were the result of a conspiracy. leading the charge was dodi's father muhammad a

the company confirmed its interest in fiat citing a great official last week we were talking about where there is smoke, there is fire it was interesting what our guest a moment ago was saying how there might not be concern from regulators on competition interests, but national interest might be something that they could raise a red flag over. >> i don't know any more because you have huge change coming to the sector with electric vehicles and we have this diesel issue unfolding. so i wonder where the authorities will being looking at the changes downs track and the shift toward cleaner energy. so it might be the right time to bring in partners. >> and let's get more on this story with nancy in singapore. nancy, what's the latest >> well, we told you on friday that great wall was the last name standing among chinese auto makers who were reportedly interested in fca and we're getting that great wall is interested the company representative telling reuters with respect to this case we currently have an intention to acquire, we are interested in fca. now, this comes after an automotive news

at this point, this is a report out of asia, fiat chrysler was emphatic today in shooting down. >> iw, give the jewel away, they're going to say take the whole thing. phil, i wanted to ask you about a different jewel, it's the volkswagon bus i hear that they're going electric on that, right? >> reporter: the i.d. buzz the i.d. buzz, take a look at this video, they unveiled it or officially launched it, if you will, announced they're going to be building it and selling it. they did that this weekend in pebble beach now this is from earlier this year when they first showed it in detroit as well as in germany. when you look at the i.d. buzz, there's no doubt they're trying to capture the spirit of the vw microbus you remember how popular those were in the 7 '70s and '80s, particularly in california still can find some on the road in san francisco, other communities like boulder where i used to live, you still see a lot of people driving the vw microbus this doesn't come out until 20 it 2, howeve 22, however. one, vans are falling in popularity minivans, any kind of a van. it's falling i

>> it puts fiat chrysler -- especially the jeep brand and play. may want to pause is because there is a crown attached to it that has a lot of liabilities attached to that. cost in a lot of fixed a u.s. based company, particularly the liabilities from all the retired workers. you really have to take your time to look at what the value is of this type of deal. jeep is certainly the most valuable asset. jeep and the brand pickup trucks are the most valuable assets in the fiat chrysler brand right , right now. >> you don't think they would sell those alone do you?? >> they could carve it out, they did with ferrari. what is left after that? you have to continue to operate or you're going to have to retire those assets. it is difficult to carve out without having some difficulties for the group. thinkolutely, what do you within chrysler -- there has been talk about this for a little while and they had this comment from great wall and now they are taking it back. what you think is happening within this company? what does that due to the management and t

auto trading high on the back of fiat report that oil and gas are underperformers. >>> back to the big political story that kept us busy over the weekend. president trump under fire for failing to explicitly condemn white supremacist groups, this where a man drove his car into people protesting against extremism in charlottesville 20-year-old james fields charged with the attack that left one woman dead and dozens injured. trump initially denounced violence on, quote, both sides, but failed to single out white supremacists, sparking widespread criticism from senior leaders across the political spectrum nbc's kelly o'donnell breaks down reaction from washington. >> reporter: for a presidency forged by blunt talk, what donald trump did not say is politically deafening. >> hatred, bigotry and violence on many sides, on many sides >> reporter: the president seemed alone spreading blame for the violence his omission, choosing not to call out white supremacist groups, some known to support him, a failure according to critics and many republicans. >> i would urge the president to dissuade the

. >>> the largest suv maker is interested in purchasing the fiat chrysler and the chinese

. —— suspected and fiat.chemicals. according to the pentagon, the university was central to isis wall chemical weapons programme. we arejust inside what used to be the computer department. there is hardly anything left here, but classes have now resumed so we are going upstairs to have a look at one of the classrooms. hi, hello. this seat of learning represented everything isis stood against. intellectuals like this man, announced professor of —— a renowned professor of law, feared their lives. you are a professor, that would have been hugely risky if they found out who you were. what did you do? a sense of light flooding back into this town is palpable. —— the sense of life. this cafe has just reopened. but there are still deep scars. fikri was a student at the university. when isis came to power, she had to give up her studies, but much worse was to come. religious police, known as the hisbah, controlled everything. shaving, smoking, using a mobile phone, were all considered immoral, and the punishment for

said that, they have not formally contacted fiat chrysler i talked with people at fiat chrysler they'reot scratching their heads. they realize there is interest in the market. they said that he wants to do a deal with a number of automakers, potentially by the time he steps down as ceo at the end of next year but having said that, you've got to step up with something. you can't just say we're interested in buying you and there has not been a formal proposal and this one is a little baffling from the standpoint of you get your dmukz a row before you come out and say publicly we want to buy a particular entity. that doesn't appear to have happened so far with great wall which by the way has backed off a little bit and said yeah, well, we really haven't made a formal proposal. >> curious, how many anti-trust regulators would get involved in that does it go through a u.s. jurisdiction or just europe and china? >> yes oh, yeah sipius would get involved, the committee for foreign investment in u.s. entities because you're talking about these jeep plants and you're talking about even though fi

us >>> fiat chrysler reportedly puts the brakes on a takeover offer. that's where we begin tonight's market focus. according to a report from automotive news, fiat chrysler recently rejected the bid from an unnamed chin niece aese auto saying the is too low. shares of fiat chrysler rose more than 8.5% on the session to finish at $12.60. >>> the food distributor, cisco, said strength in its international operations helped the company's results beat estimates. shares still fell, though, down almost 1%, to 51.09. >>> vf corporation which owns brands, the north face and timberland, said it would buy work apparel maker williamson dickey. vf corp said it would strengthen their work wear business and add to this year's earnings and revenue. shares of vf corp rose 3%. >>> vm wear expects profits and sales for the current quarter to come in ahead of street targets. the provider of cloud computing software said it's seeing strength across its product p t portfolio and expects the trend to continue. as a result, the company lifted. shares were higher by 6%. >>> t

. >>> a chinese car maker is considering making a bid to buy fiat chrysler's jeep unit.iat chrysler says it's not been approached by china's great wall motors about its jeep brand or any part of its business. if the move were to happen, it would give the chinese automaker a global brand. earlier this year, the chairman said his goal was to become the top specialty suv producer by 2020. that sent shares of fiat chrysler higher. >>> well, if you grew up in the '60s or '70s the volkswagon bus was an iconic image from that era from woodstock to scooby doo, the microbus captured the spirit of the days and volkswagon is hoping to recapture the magic but with a modern twist. phil lebeau takes a look at the updated all-electric van called the idbuz. >> reporter: it's a blast from the past planned for the future. voke wagon's idbusz zz is an electric van hitting the streets. >> it also carries into the future with all the electrification and sensors which will make the car fully connected and autonomous. >> reporter: volkswagon may pack the latest technology into the idbuzz but h

jeep is fiat chrysler's crown jewel. accounts for most of its profits with low gas prices spurring demand. jeep sells 1.4 million cars globally. that's more than any other brand in the u.s. fiat chrysler tells cnn great wall has not approached the company yet. but fiat has been looking for a buyer, partner for years. costs are rising for things like meeting fuel standards and developing new tech. a chinese buyer for a detroit automaker, that faces political hurdles. the u.s. is currently re-examine its economic relationship with china, especially over manufacturing. this deal runs up against president trump's america first mantra. trump has criticized automakers including fiat chrysler for moving production outside the u.s., threatening u.s. jobs. currently about half of the jeeps sold are still built in the u.s. >>> navy officials say the "uss john s. mccain" suffered a "steering casualty" just before it collided with a commercial tanker near singapore. the head of naval operations expected to order a rare operational p

coldwater on the process of fiat-chrysler. are no talks between the companies and it may not pursue a takeover of the jeep division. commenting one day after expressing interest, there are big uncertainties whether it will continue to study fiat-chrysler. john watson who has led chrysler's is 2010 is reporting to step down. with theople familiar matter, the company has not yet made a final decision on a successor but michael worth is seen as a leading candidate. an announcement is likely to be made next month. top apron has lost the human resources executive. a temporary hiring freeze of salaried employees and firing half its routing team. -- recruiting team. on augustinternally 10, the same day the company decided to halt the hiring of salaried employees. the move comes just as lou apron ramps up a new fulfillment center to help the troubled company expands. -- expand. manus: thank you very much. let's talk to the hermes investment management. we talked about addicted to base. 2051. this is the industrial metals index, up by

it says it is interested in buying all of fiat chrysler, which is american.ite for more talks, if it happens, it would be the biggest purchase by a chinese car company. i guess the first thing is, how far down the line have we actually got with story? fiat chrysler are not officially confirming this approach, but certainly it has got many tongues wagging today. i think the reason for that is, because if you look at jeep, it has a long history in the united states, used by the army many yea rs united states, used by the army many years ago, but it is also considers the crown jewel of the chrysler, the most valuable part of the company, and the idea that a chinese firm might be able to buy part of it, buy it up in totality, is considered a big dealfor the it up in totality, is considered a big deal for the company because it up in totality, is considered a big dealfor the company because not only does get hold ofjeep, that it potentially gets a foothold here in the us market. and help us learn a bit more about this chinese car firm, how does it compare the big

but investors cheered by this news in terms of fiat chrysler? the company can find a way to perhaps sell off the cheap brand instead of the whole company, it's a way of getting access to more cash for that. typically, that tends to please investors, so that is not perhaps so surprising that they've reacted positively to use of the overtures. thank you very much. crawford falkner has more than 25 yea rs crawford falkner has more than 25 years trade experience. the uk wants to strike more trade deals as we leave the uk. spare a thought for the boss of the 100 ftse companies in the list. their pay has fallen according to accountency firm deloitte. the company says it looks as though policies aimed at capping bosses' pay may be work. you could be infora bosses' pay may be work. you could be in for a nasty surprise if you charge your electric car at the same time as using other appliances like the kettle. the national grid says using a powerful car charger could trip a using a powerful car charger could tripa mains using a powerful car charger could

take a look at shares of fiat chrysler and general motors.s to make a deal if the price is right that's why shares of fiat have moved higher relative to general motors in the last year. phil lebeau, thank you >> queen b has a new hive. "power lunch" back in two. whoooo. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if... ....there was a single site... ...where you could find the... ...right hotel for you at the best price? there is. because tripadvisor now compares... ...prices from over 200 booking... ...sites ...to save you up to 30%... ...on the hotel you want. trust this bird's words. tripadvisor. the latest reviews. the lowest prices. of the iman that was killed as the master mind of the attack. 15 people were killed. >>> firefighters had their word cut out for them along the crotia coast fire villages have been evacuated as that fire inches closer to homes and buildings. more than 100 soldiers had been called into help >>> plans for people to visit russia are in the works. hi

of fiat chrysler?of jeeps are made in china already. i don't know if it is such a drastic change for america. we have two strong companies. i don't know what opposition will look like for this deal. i don't know how well jeep would perform under chinese ownership. stuart: why? >> well, under american truck buyers, when they, i mean i guess there already have been ownership changes for jeep. american truck buyers, will they want to buy, untested so far. a chinese truck, will that sell well in america? stuart: how about bud wisers? >> right. stuart: the parent company is a belgian company. has bud sales gone down because of that? >> that is an excellent point. they have market shares of issues in the u.s. i don't know when you saw a bottle of budweiser. i saw one on the golf course. they replaced the budweiser with america and looked like a flag wrapped around bud wisers. i think they're struggling with market share. stuart: that is a fair point. talk about walmart. they seem to be emerging as a principl

sergio is stepping down from fiat in 2019 and two years later from ferrari.r senior italy reporter for bloomberg news in milan. . time for the bloomberg business flash. fizer sales drop for the third quarter in a row, likely to add pressure on the maker of viagra and lie record come up with a deal so we could return profit. pfizer's second-quarter profit was better than expected. trying to calm investors concerns after debt rose to a record traits the british properties is lower oil payments for the rest of the year and funds from asset sales will ease the burden. bp has almost $40 billion in debt. the company posted second-quarter profit that beat estimates. that's the latest bloomberg business flash. what's next? battle of the charts, risk versus conflict. one index plunging, the other surging. this is bloomberg. ♪ vonnie: -- mark: drum roll. to start this off well. i'm taking a look at the city macro risk index. this is a measure of prices and move depending on risk aversion. higher this goes, the more risk-averse people are. every timets here, this reache

fiat declined to comment on the report >>> fiat has joined bmw to join self-driving car technology. the group includes intel and continental and delphi it aims to proviews fuduce fully automated vehicles by 20 it 1. t 2021. >>> the uk is setting out a plan to avoid a hard border with ireland. there are concerns of inflaming regional tensions. >>> social democrat leader martin shultz has attacked chancellor angela merkel for what he calls her zig zag policy on diesel vehicles he says that creates uncertainty which is problematic for drivers and auto workers she recently came out in support of banning diesel cars separately wolfgang schauble says the auto industry made serious police takes and needs stronger regulation but offered no detail. the campaign mode by both parties is in full swing >>> now the battle to acquire air berlin's assets is underway following a bankruptcy filin yesterday. lufthansa says it is in talks to buy parts of the airline easyjet is also reportedly in talks. ryanair is heading back to a potential lufthansa deal arguing that a takeover would break competition

. >>> up next, fiat chrysler making a big bet on self-driving cars and looking to a rival for help. > first as we head to break, the national weather forecast from bill karins >>> good wednesday morning to you. watching this complex of thunderstorms into nebraska. already reports of flash flooding this will cause problems throughout the day we think this line of storms could produce severe weather today near kansas city and towards st. joseph, maybe even des moines and ames. so.5 mi so 4.5 million people under a slight risk of storms. damaging wind and hail is the biggest concerns these storms will continue on thursday afternoon, and then that will be in the midwest. by friday afternoon, these storms will get into areas of the northeast, which will cause some travel delays not so much severe weather but travel problems. still hot texas to oklahoma. typical storms down along the gulf coast tayod more "worldwide exchange" when we come back cascade platinum powers through... even burnt-on gravy. nice. cascade. they call him the whisperer. the whisperer? why do they call him the whisperer

but we're hearing fiat chrysler deny in a.reat wall up 1.6% in hong kong >>> time for the must reads. my pick is in the financial times titled in-sur begins city fits the campaign trail but flits the white house. write williing mr. trunmp's innl is like the hotel california mr. bannon's parting could endanger mr. twrumpg the big question has always been whether mr. trump would convert the republican part of the establishment to mr. bannon or whether it would enter a period of crisis. now we have an answer. so framing that departure as -- making the skrn repogeneral rep he may be still an adviser on to the president and with him back this breitbart, might be able to get the base back behind mr. trump. but we'll see what happens but that is a big focus for wall street and the fact that we didn't see likes of mnuchin and cohn follow mr. bannon, so perhaps slight support in the markets this morning >> not that i know mr. bannon at all, but i don't see him leaving his politics behind. so my choice is from the "wall street journal,"

foods products on its side that sent shares of rival retailers lower, with ahold-delhaize falling fiat chrysler and volkswagen held talks about joint production of light utility vehicles talks are still in the early stages, but comes amid speculation over potential interest in jeep from great wall motors in a statement fiat declined to comment but says it evaluates potential strategic transactions from time to time. we'll talk more about fiat and the auto sector in under 30 minutes time with the managing director after jeffries. that's a conversation you do not want to miss >>> wonder kon condor is eyeingf lufthansa's planes they are in the process of preparing a concrete offer lufthansa submitted a proposal to air berlin on wednesday, centering on the niki business another german newspaper has reported that easyjet is interested in up to 40 of air berlin's planes with slots in berlin and hamburg >>> qantas shares hit a ten-year high in sydney after the australian carrier posted near record underlying profit for the year the ceo said it was proof that the three-year turnaround strategy

that is fiat chrysler shares.his is a start showing the yield on the german ten-year, the white line versus the euro-dollar, which is the blue line. back in july, it was at a 16 month high -- an 18 month high in july. the euros 12% rally since the beginning of the year. there's a threat in exports. the international standard bank sees sustained exchange rate strength extending more supports to your area bonds. the ecb still widely expected to announce as early as september a plan to scale back its asset purchases. a strong bureau mean slower stimulus tapering than previously estimated, which ties in nicely to jackson hole on friday, when mr. mario draghi takes to the podium. vonnie: fostering a dynamic global economy. we finally got the scheduling out on thursday. we finally got the theme for this year's event. let's get to u.s. politics and what is next for president policy agenda following the ouster of white house chief strategist steve bannon. steve bannon told "the washington post" over the weekend that if th

on monday, the car—maker expressed interest in buying some or all of fiat.fell 2% in shanghai after the announcement, before recovering slightly. amazon's blockbuster deal to acquire whole foods market for $13.7 billion will face a milestone this week. whole foods shareholders are voting today on the deal, which would propel amazon further into the grocery business than it has ever been. the size of the gender pay gap in the movie industry has been laid bare by forbes. it estimates the top ten actors earned $488m last year — three times theirfemale counterparts — who took home $172m. transformers star mark wahlberg tops the male list at $68m, compared with $26m for la la land's emma stone. let's look at how the markets have been getting on. markets in asia generally upjust been getting on. markets in asia generally up just a little, following a surge they saw yesterday running with a bit of optimism over us tax reform plans. the hang seng is actually closed at the minute because of typhoon hato, so that is why it is flat. wall street, the dialup why it is fl

shares in fiat chryslerjumped 3.5% in milan on the news.protect. it is about the headline, not necessarily fit into of the deal. it is a psychological aspect. chrysler, you look at all the cars and the emotion behind the brand within the usa. trump made the fa ct brand within the usa. trump made the fact all dismissed that because he does not want to see the chinese ticking over such a large part of americana. with brexit trade is the thing. businesses trying to move money around the world. that will be the major dominator of global business moving forward. —— delineator. most businesses have no strategy for dealing with a cyber attack. we are bringing in new laws to fine companies that do not take a cyber security seriously. for good business reasons we want them to be able to use that data in a flexible and innovative way of the need to keep it secure and this report shows that has been progress but there's more to be done by uk businesses and charities. the man in charge of negotiating the uk's trade deals once brexit is finalised, start

breaking news about fiat chrysler.upscale brands, as well as component operation. potential value is what is under question. a lot of options on the table as if fiat chrysler really tries to move and make fiat chrysler more attractive with a competitor. david: they are not in play. they're edging their way. >> and hey guys, pick me up. >> look at the success of ferrari. it is now worth more. >> to spin them off is a great move. >> doing the same phil maserati. i imagine it will probably not such the valuation. >> it has not won as many races. we will have a terrific line of said voices in jackson wyoming. live from new york, this is bloomberg. ♪ markets, through large purchases. to influence the yield curve beyond the short-term. poinsettias mario draghi the policy saying they are a success. on policy, innovation, and be prepared for future economic development even if the concept is not clear to everyone yet. stephen, ian, and feel this chart is a thorn in their side. excluding holiday packages, that yelling line. it,

shares of fiat chrysler and great wall, fiat wrote last week as well based on earlier reporting by automotivereat wall was interested. >>> coming up, white house shakeup. advisor steve bannon is out. we'll talk about what that means and the president's response to last week's violence in charlottesville with the reverend jesse jackson as we head to break, take a look at u.s. equity futures, higher across the board, but marginally your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. ♪ >>> good morning and welcome back to "squawk box" right here on cnbc. we are live at the nasdaq market site in times square among the stories that are front and center, herbalife recently held talks to go private with an unnamed investor but those talks ended without a

isna's great wall motor pouring cold water on a possible deal with fiat chrysler.he company says there are no talks and it may not pursue a takeover a day after great wall expressed interest in fiat chrysler's jeep unit. bhp billiton is giving into activist investors. the mining company unveiled plans to sell its u.s. shale assets and delay a multibillion-dollar investment in a canadian potash project. incomings after bhp's president held meetings. new york city pension plans are on the verge of investing with kkr. pension money would be invested in private equity, credit, and real estate deals. mark: still ahead here, what is new in the new iphone? mark gurman droid -- joins us with a special preview of apple's. latest smartphone. this is bloomberg. ♪ ♪ mark: this is "bloomberg markets ." i am mark barton in london. am vonnie new york, i quinn. smart-beta etf's have let -- yet to take effect in the fixed income change. here with us is air ball tunis -- eric boulton us -- eric b alchunas. specifically when it comes to smart beta, why has it not taken root with fixe

it is he the suspect of driving that white fiat up las ramblas as he purposely targeted the touristsgeted the tourists who were enjoying one of barcelona ‘s many and most famous and busy thoroughfares. so, king felipe vi and the queen mixing with mourners on las ramblas, paying their respects to those who have been injured or killed. you can seejust how quickly that tribute has been growing. as they walk away. we can bring you more now. well, our correspondent, gavin lee, who's in barcelona, told me a little earlier how people have continued to turn out in large numbers throughout the day to pay tribute to those who lost their lives in thursday's terrorist attack. it is, the exact point is catalunya square and by las ramblas, this is the area where the white van mounted the pavement. behind me you can see lots of different tributes, candles, flowers at the places where either the van started or where people were found and where people went to help, and down here for 500m you will see different shops and shacks, different tributes, there is a huge floral artwork by one artist and the

will be interested in purchasing fiat chrysler's jeep division.eep and wantsuy to begin negotiations with fiat chrysler. that is the bloomberg business flash. thank you. angela merkel is facing questions on refugee crises and google emissions scandal's at a televised event in berlin. stopn schulz begins 40 tour to catch up with the frontrunner. joining us now from berlin is alan crawford. what a great time to have you on the program. he wrote a chance on her chancellorship. what development were there over the weekend? reporter: as you said, these issues of the refugee crisis and the diesel scandal. loose,'t shake these but there was a town hall yesterday evening and she was repeatedly asked about these two issues. she was expressing anger over the diesel crisis. know -- at least she is asked what more she could and should be doing. at the same time, the leader of the bavarian sister party, he was saying we can't indulge ni any kind of rich hunt. d.ese two issues are relate these three issues were ones that came up during the weekend. francine: an

fiat-chrysler. >> how does this compare to gm?e look at ford and gm they have solid truck production but they are not all in the way chrysler is. for not being dinged being electrically minded. if we hopped back into the bloomberg and take a look at this great chart, it shows that we have huge performance over the last 12 months for fiat -chrysler up 80%. today but some of these gains reflect the fact that investors have been thinking that this could be happening anytime. something tells me that they would be happy to entertain a deal with the chinese. would there be a regulatory issue? >> that is a great question. that is probably something that could perhaps hold it up. i will have to look into that more. vonnie: i will talk you about it again. abigail, thank you for that. nejra: let's turn to japan where the economy grew for a six straight quarter extending the longest expansion and more than a decade. here is the latest from hong kong. >> a positive surprise out of japan this monday in the form of a luminary second-quarter gdp

comes from automotive news fiat chrysler up.bout netflix stealing a hit producer from abc for original content but netflix is down again, 1.40, down 70 this morning. robert mueller wants to interview west-wing staffers, napolitano is here. now, what's the significance of this? sound animus. >> if this is true, and i say, if, we are basing reporting on a new york times story from yesterday, sunday's times which according to times is based on numerous sources in the west wing. i'm going to assume that it's accurate. it's very animus, it basically means that reince priebus, former chief of staff has already been subpoenaed and before they subpoena you they interview you, so fbi agents have interviewed him, gone back to bob mueller and said here is what he's told us, mueller has decided the grand jury has to hear that, he gets subpoena to testify before the grand jury, there's no judge there, he doesn't have a lawyer there, there's no defense counsel there, it's a prosecutor interrogating him, an fbi agent making notes and the 23 me

. >> great wall motor company spokesman says the company homes to make a deal with jeep fiat chryslersaid it was not approached by great wall yet. it's unclear how the sale would go show. jeep shares parts with fiats and chryslers and is often produced in same factory. >> maryland based clothing company merging with shoe company to create a power out. dtr, downtown locker room headquarters in maryland partnering with with sneaker villa. heads quarters will stay in maryland and operate 230 stores in 18 states. >> after 40 years in show business chucky cheese and creepy animatronic theme are calling it quit. the figures will be removed from seven locations as they phase them out entirely. they'll be large dance floor where kids can shake it with live character. >> all right. >> volkswagen bringing back helpy bus. introduced us to the bus in 1950 and was popular decades. volkswagen ended produce in 2013 and it's coming up with new version electric car. the bus can seat 8 people and will be available in 2022. >> 5:25 is time now. on this tuesday we'll be hot. much like monday actually it

may maintain the -- fiat shares up to record highs.e company is reviewing strategy that may sell there is part of this business. the sale of cheap is sort of unlikely could the reason there is it anchors got chrysler's business -- anchors fiat chrysler's is since. the battle in india has escalated. the company saying it has ended a deal with the restaurants. it is a joint venture that operates one hedges if the nine outlets -- operates 169 outlets in india. jessica of the 2015 nuclear deal may not have -- tracy: big body 15 nuclear deal may not have led to the outcome that iran had hoped for. our guest joins us now. the list of investments that iran has struck recently in what caught my eye is there are so many european companies on that list. is europe on to be the new ally iran if the u.s. is upping the ante -- upping the ante of rhetoric? >> there is a clear divide between europe and the united states in terms of the implementation or honoring the agreement. europe doesn't see a need to break what they think is a perfectly fine deal

if you are going to extract the crown jewel from fiat chrysler's portfolio you will have to pay a pricedoing if they aren't necessarily making a u—turn. i think they are taking a rest stop for a moment to see if they can position themselves. they aren't being aggressive. i think there is probably a positioning strategy for them. apart from the price, could it also be the geopolitical situation? this is an american brand being sold ata time this is an american brand being sold at a time of heightened tensions. no, it's too early in the process. there's nothing stopping them from a discussion at this point. the regulators aren't going to say, you can't do that. certainlyjeep is the quintessential american brand and has military heritage. it will be controversial in the us. but on the chinese side i think it would be very prestigious for a chinese company to have the depth and development to the point where they can even consider acquiring a global brand like jeep. taking away the pricing situation, will there be synergies between great wall motors and jeep? certainly. great wall is at cor

by government fiat, production gets rolling. armed with extraordinary powers, reporting directly to the president, keep the economy disciplined with a tough regime of priorities. it is a pattern alien to american. business by government regulation. less steel for auto parts, none for corsets, more for guns. less cloth for blouses, more for airplane fuselages. ♪ even with the speed up, industry will never quite catch up with the war. in a single ceremonious day, fourth of july, 1918, 95 ships are launched. one will cross the atlantic by the time of the armistice. nor will any american-made tank get into action. the american expeditionary force will fight with french and british tanks and artillery, while the bugs are being worked out over here. ♪ it is late in the war before the arsenal of democracy is geared up for the business of war. its problems of manpower and material settled. one new source of industrial manpower is the negro. recruited by the south of the thousands, giving of jobs for the prospect of higher paid war work

wall motors has confirmed reports it is interested in buying the world ‘s seventh largest car maker, fiatr although they have yet to receive an approach. great wall is interested in the partial stake. the idea of chinese ownership may not be popular in america is president trump is focused on us manufacturing. every new idea in silicon valley seeks to disruptan new idea in silicon valley seeks to disrupt an industry but what about the business of death? we look at a couple of noble ways to look at preparing for our tests and to remember loved ones once they are gone. thinking about death can be difficult and uncomfortable but i looking at a chat what that takes you through some of the most important question stashed want be resuscitated? important question stashed want be resuscitated ? 0ne family important question stashed want be resuscitated? 0ne family members to pray for me if i am conscious? low folder, a small starter based in 0akland has started it. folder, a small starter based in oakland has started it. the problem is, a lot of these forms are not that easy to understand and it

sales were down by 15% at general motors, 10% at fiat chrysler and 7.5% at ford compared with the year. let's quickly look at the markets in asia. many tech companies riding high today in asia of the back of the news about apple. many companies in asia supply bits for the iphone and other elements like the ipad. let's quickly look at the united states so you can see how the dow ended. as we mentioned, not far at all from that 22,000 mark. 0uite ended. as we mentioned, not far at all from that 22,000 mark. quite a feat really. the main markets are all higher. apple shares up 6%. apple now at a record high as well. of course, the world's most valuable company in terms of market cap. that's all from me for now, see you ina that's all from me for now, see you in a moment for the news review. women in their early 60s are £32 a week worse off on average because they're having to wait before they can start picking up their state pension. pension ages have been put up for women, and while some are managing to carry on working, new figures show that typically they have lower incomes. simon gomp

known chinese automaker made one offer this month to buy fiat.e automotive news fiat rejected that offer for not being enough another deal this morning, vf corp is buying william son kickie, the price tag $820 million in cash. >>> new developments on a story out of charlottesville, virginia, where a white nationalist rally saturday turned fatal when a car ran into a crowd of counterprotesters killing a young woman and injuring 19 others this morning, attorney general jeff sessions is making comments to news outlets. eamon javers joins us now with the latest eamon. >> good morning, melissa the attorney general was on television this morning calling the president's comments a good statement over the weekend, defending the president, who's come under criticism now for not having singled out white nationalists and nazi groups for specific criticism in his comments over the weekend. here's what jeff sessions said a few moments ago on television. >> well, he made a very strong statement that directly contradicted the ideology of hatred, violence, bigot

chrysler shares in fiat has risen in haven't days on reports that major automotive dealers in china have offered exploring buying the car giant, but geely and dongfeng said they will not be making bid. others could be interested but significant regulatory hurdles block the road. >>> president trump pulls the plug on two business councils. more on that story after this short break. there's a denture adhesive that holds strong until evening. fixodent plus adhesives. just one application gives you superior hold even at the end of the day fixodent. strong more like natural teeth. chances are, the last time yoyou got robbed.an, i know-- i got a loan 20 years ago, and i got robbed. that's why i started lendingtree-- the only place you can compare up to 5 real offers side by side, for free. it's like shopping for hotels online, but our average customer can save twenty thousand dollars. at lendingtree, you know you're getting the best deal. so take the power back and come to lendingtree.com, because at lendingtree when banks compete, you win. >>> welcome back to "street signs. i'm carolin r

. >>> fiat shares have hit a high over speculation that great wall motors could be looking to acquire part of the firm fiat could be looking to spin off its maserati and alpha romeo brands. >>> and lufthansa confirms it wants to take over air berlin. the german flagship carrier is interested in air berlin's niki unit as well as other parts of the insolvent airline. annette is live from frankfurt it seems like lufthansa will be the big winner this chase for the assets we know ryanair is also a jet they're interested in. but it will all good to lufthansa or am i wrong? >> it's not going go all to lufthansa, that's against the competition laws we have in place in germany lufthansa is now a dominating player on the german market. today with air berlin they were dominating more than 90% of the aircraft or whatever you want to call it, the market in germany so, reportedly lufthansa has put a letter of intent on the table yesterday when creditors were meeting who are going to decide who is going to win the asset sales. the letter of intent was as you were mentioning were for niki airline and

. >>> a bid to buy fiat jeep unit. its jeep division is for sale.ther chinese company bought volvo cars from ford. >>> walmart is expanding the grocery delivery service. walmart gets more than half of its annual u.s. sales from its food business. it's now bringing the online grocery drifr delivery service to two more cities, orlando and dallas. walmart already delivers food in denv denver, phoenix and tampa. >> and a pretty cool name, oreo. google turned the iconic cookie into a superhero. google didn't pay to use the name. the deal is a pure branding partnership. google's last operating system was called nugget. >> okay. still ahead, keeping babies safe. some new moms are not getting the message about placing their babies on bare backs at sleep time. ool comes naturally. hmm. i can't decide if this place is swag or bling. it's pretzels. word. ladies, you know when you switch, you get my bomb-diggity discounts automatically. ♪ no duh, right? [ chuckles ] sir, you forgot -- keep it. you're gonna need it when i make it precipitate. what, what? what? w

now for a specific stock story, f fiat chrysler was up 2.6% after developing self-driving cars technologya second day of gains out of the report from automotive news earlier in the week saying chinese automakers are considering a bid for the italian vehicle maker. >>> and balfour beatty swung to a half-year pre-tax profit and carlsberg was down after a tougher second half of the year from the danish brewer as well as a lack of revenue growth. back to you. >> michelle, thank you very much for that the ftse 100 had a nice return there. >>> elsewhere in the uk, we had comments just recently from the uk prime minister theresa may in relation to the race debate here in the united states over the last couple of days. >> i absolutely abhor the racism, hatred and violence we have seen portrayed by these groups the united kingdom has taken action to ban far-right groups here we have banned far-right groups here in the united kingdom i see no equivalence between those who have fascist views and those who impose them. and it is important for all those in positions of responsibility to condemn far-ri

shares of fiat have been on a terror since a report last week saying an unidentified well known chinese automaker made an offer earlier this month that stock up p 7% keep in mind, china's m & a already down 40% this year compared to last year. and beijing state council just announced that it is restricting chinese companies investments into property and entertainment and sports chinese companies have been investing heavily in european soccer teams over the past five years from a.c. milan and cloud athletico. but experts say the latest move by the chinese government suggests we'll see less deal making with european soccer teams. on that note, shares of manchester united up about 15% so far this year carl >> all right seema, thank you very much seema mody >>> when we come back, kara swisher on the latest that search for a new ceo at uber dow is almost perfectly flat quk le ctiesn a moment where to get in... where to get out. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential pro

general motors and fiat chrysler posting did you believe digital declines in details while ford also far behind, ford seeing nearly 8% drop. so as we look at all of the stocks right now that are related certainly to this auto story, we can check and see that they are either flat, which is fiat chrysler, or ford motors down two and two-thirds percent. look at gm. down three and two-thirds percent. we'll keep an eye on the auto names for you. and, by the way, if you've held onto your lumber liquidator shares, you're celebrating today because the hardwood flooring retailer posted its first quarterly profit since 2015. you remember that scandal whether there were chemicals that were in their flooring. well, the stock is soaring to a new high it hasn't seen in more than two years. it's at $32.94 seeing a 33% gain on volume of 10.6 million shares. they had good profits there. finally after that scandal to the white house where even in the midst of the head-spinning developments over the recent shakeups in president trump's administration, it appears it's full steam ahead with its economic