let's bring in dana corp our financial correspondent in frankfurt it is very interesting watching these two having these indirect a very public squabble about how to run an economy especially when trump was the one who hadn't picked pal was an e. yeah exactly i mean when he decided to nominate powell and legend yet in the previous had to go donald trump could not praise his canada enough and now this what he said is really like an open criticism of his own candidate by the way powell was way more careful today he did not criticize the u.s. president openly trump is war you have to remember that that four interest rate hikes could harm the boom off the united states that we have seen lately and he won the dollar on a lower level now just some weeks before the midterm elections in november trump needs mostly one thing and that is good half line and trump might be a good deal maker or a good real estate guy but many economists actually say that a weaker dollar on the long term would not be even good for the economic growth and right now it's looking good in the united states unemployment i

and we can bring in our financial correspondent for more on this now daniel corp's the frankfurt stock exchange and daniel china has said it's prepared to hit back with further tariffs do we have details on what. yes it all seems a little bit like kindergarten hell of a tree in those two countries first us president says i'm going to hit you with tears than the chinese counterpart they're saying they're going to hit back as well and china is the country is just very proud and they know they have this big potential so it's clear for them that they need to react so yes we are learning that possible tears could be including natural gas. turkey turkey's condoms yes you heard correctly condoms and helicopters and while china is saying that the u.s. tears are completely an over reaction of the u.s. president they are calling their all in ones actually reasonable and also cautious after a meeting with his u.s. counterpart one year the chinese foreign minister stated that china wants to keep negotiating but let me tell you have another topic is going to be also the number one topic here next w

. >>> dark, new details emerge in the mystery of a headless corps in san francisco. the financial crimes that led to a break in the case. >>> a fal resting place in the bay area for hundreds of our nation's heros has fall noon disrepair. help may be on the way. >>> google will not be sending a >>> google will not be sending a top executive to congress to you're in a group most likely to develop skin cancer, including melanoma. that's why your best shot is to check for a spot. follow through and check your skin. go to spotskincancer.org to find out how. >>> you are never more than seven minutes away from your accuweather forecast. >> this is "abc 7 mornings." >> let's take a look at what's going on around the state. breezy conditions. look how it brings sunshine from m monterey and san diego. still hot in palm springs, 108. 80 in sacramento. 81 in chico. 89 in fresno. a breezy 85 in yosemite. let's take a look at tahoe if you're heading up that way. mid 70s today and tomorrow. near 80 the rest of the forecast. >>> the state senate will vote on a bill that would require all public u

financial advisors working on it. and see if we can clarify this with our frankfurt reporter daniel corp tell you why would saudi officials want to call off the listing. when there seems to be some disagreement within the saudi royal family about this mega i feel the biggest in history nothing compared to the little ones we sometimes see here happening on a friday in frankfurt five percent of the company are supposed to bring one hundred billion us dollars and it seems that there is the fear that investors simply were don't believe or would not take the market valuation of two trillion u.s. dollars also there are still discussions in saudi arabia about a second exchange besides the one in riyadh london new york on hong kong they all would like to list the iraq war shares their view. doubts about the price tag ever since it was announced but why all the delays cunt they get their acts together. while an unsuccessful i.p.o. would be a nightmare for the saudis who have to keep in mind this is a small country with very high spending every year and it's also a country which completely reliant on their own oil resources that on

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both peachy corp and has served since twenty fourteen as chairman of the jepp and business better ration mr neck and ichi lamented the environment of uncertainty around telling the financial times various the naria is get discussed from no bracks it plunging ahead without any deal at all we net we are now in the situation where we have to consider what to do with all of them mr knock and pleaded for clarity and urged the u.k. to stay in the e.u.'s customs union in any deal and warned against a no deal hard. and now we move to sports betting it's a topic we've covered before in light of the u.s. supreme court decision to allow such betting back in may we thought it was time for an update plus there's now a new way to bet you could do it on your phone our team sports correspondent steve any up the details give us deal with the details on what's going on is it taking off steam. it really is it's happened very quickly you know since may you know just a few months ago there's already now four states including about of course new jersey delaware mississippi mississippi coming just now in this month in august and new jersey and delaware jumped on it pretty quickly in june and th

a new york based company called cabbage tec corp in the c f t c they boldly and viciously defrauded investors in what does this say about how serious financial regulators are about going after bad actors in the crypto space gary sure i think both the f.c.c. and their old agency the see if the sea have been very very active in this space previously bart and i think you and i have talked about it and other editions of your show i have commented that before it was just regulators talking about it and getting settlements now the court decisions are coming down and that's the significance of this case against cabbage stack and patrick mcdonnell it was an actual court saying that crypto currencies are a commodity and that the f.c.c. that they see if d.c. has the authority to bring these kind of anti-fraud actions against such allegedly bad actors and you know better than i as as as an attorney i mean once you set this case law that actually gives the regulators some more comfort in what they do and i think right now they're probably a little skittish and in that regard gary you know the conflicts but. in the sea if the sea and the s.e.c. the trees

financial advice is working on it. see if we can clarify this with our frankfurt reporter daniel corp tell you why would saudi officials want to call off the listing. when there seem to be some disagreement within the saudi royal family involved this mega i.p.o. the biggest in history nothing compared to the little ones we sometimes see here happening on a friday and frankfurt five percent of the company are supposed to bring one hundred billion u.s. dollars and it seems that there is the fear that investors simply were don't believe or would not take the market valuation of two trillion u.s. dollars also there are still discussions in saudi arabia about a second exchange besides the one in riyadh london new york to hong kong they all would like to list around core shares that have been doubts about the price tag ever since it was announced but why all the delays can't they get their acts together. while an unsuccessful i.p.o. would be a nightmare for the saudis who have to keep in mind this is a small country with very high spending every year and it's also a country which completely reliant on their oil resources tha

financial forecast on its earnings at 5 p.m.. keep an eye on that. he was a former google employee brought into dropbox. corp.ngs out and they are a smidge of what -- a smidge above what analysts were estimating. they're making a pretty good transition into the digital space which seems to be paying off. scarlet: "what'd you miss?" we note steve mnuchin has pushed tax cuts and sanctions, and has captured america's attention we -- attention when he signed the dollar bill. we're getting a deeper look at his -- at the trevor secretary. devin leonard has been examining deeply in bloomberg businessweek. did he agreed to be interviewed or talk to us? >> it's funny you mention that's. my cowriter did interview him at the g20 meeting in argentina. she talked to him for about 35 minutes. much of the conversation was fairly innocuous. everything had to be cleared. they barely let us use anything. there are two quotes from him. did he cooperate when we talked to him? sort of. julie: the take away from the story is that he has been a survivor in this white house. and, maybe an unlikely survivor that had not been predicte

corp. cfo said there would be short-term reinvestment to attract subscribers. as well as added cost associated with a new streaming service. provides financial news and services. write your here to join us. our investors having second thoughts? >> it has given pause. this was supposed to lower their cost and improve their business. when they split off 21st century fox, news corporation got the dogs of the company but fox tell and those assets were supposed to be the growth portion of the company. just not there yet. scarlet: let's continue our conversation with stocks moving. a spotlight on semiconductors. we are seeing pressure on the stocks now. this is bloomberg. scarlet: ♪ ♪ romaine: traders of technology stocks have been focused on one chunk of the sector recently. semiconductors and the pain involved over the past two days. what is going on here? these were the leaders of the pack. down 3%. >> several forces at play here. demand is strong. cycles for the product have gotten extended. the we have seen in several years. is question is for this usually the precursor before the cycle starts to wane. you are then left caught with inventory

financial -- >> [off mic] >> i want to thank everyone for their patience this evening. and i really want to thank dudley. we are extremely lucky to have a partnership with the corps of engineers. from washington to san francisco. it's because of dudley and all of his work and all his effort we were able to get where we were. especially with the meeting n.d.c. he got sick and couldn't join us with, but he had us well prepared. from that we got selected. we are so fortunate and so fortunate to work with such a wonderful team and i know this is just the start. i know there's more to come. so i am definitely looking forward to the study and our next steps to secure our seawall. >> all in favor? aye. >> resolution 18 46 has been approved. >> item 13 b request approval to amend contract number 2790 marine structural project iv with power engineering construction company to increase contract amount by $3,211,575 to include the pier 29 sub structure repair scope of work, resulting in an amended contract amount of $10,045,000 and authorize a contract contingency fund of 10% for total authorization of $11,049,500. >> commissioners, thank you for your time today. i hope i'm

corp, making the investment with uber for autonomous vehicles. what i wonder, is whether or not tesla's own distractions will limit their ability to get into the right deal and be well positioned financiallyke the right transactions to ensure that they capture the industry that they are really pioneering. >> assuming there is no decisive change at the top over the next several months and they don't have any strategic investor come in there, you're left with the operating challenges and the financial challenges in front of tesla. you mentioned that you think to remain financial call. what's the company's options on that front >> what we're speaking to in terms of cash position, 2.2 billion in cash, the burn rate has been on how successful they are on the model three, they are coming up again, given where the stock price is, if the stock price were to rise, then that gives them a lot of leeway because they have convertible notes that come due this fall in the spring time. they will have an ability to likely refinance that and based on where the metrics are, that provides some level of risk. >> you're not alone it would seem in suggesting this idea that he would benefit from a strong leader,