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Jun 5, 2018
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francine? francine: thank you so much, taylor.e pretty controversial comments from the qatar airways chief executive. the nasdaq hit a record high, driven by a resurgence in the tech sector. the rally is set to continue as u.s. futures in the u.s. .28 positive open. joining us now is it sharon bell, senior equity strategist at goldman sachs. when you look at the u.s. equities and the rally that was fueled on the back of that come what drove it? -- istrong fundamentals it strong for the metals? is it the markets -- fundamentals? is it the markets been too complacent -- being too complacent? sharon: i think there is a few things. gs have still been a very good. pmi reports out of europe have been reasonably good. good data fromd the u.s., payrolls, etc. we had a strong set of data and that is what is driving these share prices. i think it is investors searching for growth and clearly what is still uncertain world -- in clearly what is still an uncertain world. francine: what is your favorite at the moment? sharon: the thing with eur
francine? francine: thank you so much, taylor.e pretty controversial comments from the qatar airways chief executive. the nasdaq hit a record high, driven by a resurgence in the tech sector. the rally is set to continue as u.s. futures in the u.s. .28 positive open. joining us now is it sharon bell, senior equity strategist at goldman sachs. when you look at the u.s. equities and the rally that was fueled on the back of that come what drove it? -- istrong fundamentals it strong for the metals?...
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Jun 21, 2018
06/18
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francine: good morning from london. it is francine.ere saying this would be a disaster. we have not seen that. >> we have seen of slowing. itncine: we have seen slowing, but not the disaster a lot of people were saying. >> it was part of the politics of the debate. we clearly have seen an economy slowing. if you look before the brexit was probably the best performing country in europe certainly. it now looks like the sick man of europe. yes, it has not been a cliff-edge disaster, but the central bank stepped in and countered some of the great weakness at the time, but the uncertainty of what is coming and what we have just listened to, how can confirms know where to place their investment? in theasically anarchy houses in westminster. that looking forward is the problem. if you know what is coming, then you can plan. can how any firm plan for what is coming? i don't know. francine: what does it mean for mark carney's planning? i have a viewer question. please continue sending those questions on tv . do you think the vote will chang
francine: good morning from london. it is francine.ere saying this would be a disaster. we have not seen that. >> we have seen of slowing. itncine: we have seen slowing, but not the disaster a lot of people were saying. >> it was part of the politics of the debate. we clearly have seen an economy slowing. if you look before the brexit was probably the best performing country in europe certainly. it now looks like the sick man of europe. yes, it has not been a cliff-edge disaster,...
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Jun 9, 2018
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francine: do you ever worry about an activist investor coming in? francesco: no. francine: why not?why should i worry about it? i mean if there's something i worry about, it's not the activist. it is that thing i should worry about. the activist is always after something wrong. if they are targeting a company, it means something in the company doesn't work. francine: francesco starace, thank you so much for joining us. that was the chief executive of enel. thank you. ♪ what's a gig of data? well, it's a whole day's worth of love songs. 300 minutes of baby videos. or, it's a million chat messages. a gig goes a long way. that's why xfinity mobile lets you pay for data one gig at a time. and with millions of wifi hotspots included, you'll pay less for data. it's a new kind of network designed to save you money. click, call or visit a store today. ♪ >> coming up on "bloomberg best," the stories that shaped the week in business around the world. trade tensions, china's and america's allies battle the trump administration's isolationist policies. a week of actions and reactions on global
francine: do you ever worry about an activist investor coming in? francesco: no. francine: why not?why should i worry about it? i mean if there's something i worry about, it's not the activist. it is that thing i should worry about. the activist is always after something wrong. if they are targeting a company, it means something in the company doesn't work. francine: francesco starace, thank you so much for joining us. that was the chief executive of enel. thank you. ♪ what's a gig of data?...
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Jun 9, 2018
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francine: this is what, a website? website, or are you basically saying, we are trying to figure something out? francesco: we started with a website after. we first went to israel, then we went to, of course, silicon valley. we opened a hub in moscow, rio, santiago. everywhere we saw some, let's say, concentration of innovative minds and startup culture, there we put our people and opened a small office and we really push for, really we brought problems. we brought them problems to solve. they said, thanks. now we try. we had incredible results with this. we really found things we were never even thinking about. francine: how difficult is it to do in renewables? because there are many more markets, many more market players. competition is stiffer. it is little bits, right? francesco: it was a lot like that at the beginning. in fact at the beginning, there were a lot of comments because we started trying to develop projects in areas that have no subsidy or incentivization, only competitive battlegrounds. we got criticis
francine: this is what, a website? website, or are you basically saying, we are trying to figure something out? francesco: we started with a website after. we first went to israel, then we went to, of course, silicon valley. we opened a hub in moscow, rio, santiago. everywhere we saw some, let's say, concentration of innovative minds and startup culture, there we put our people and opened a small office and we really push for, really we brought problems. we brought them problems to solve. they...
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Jun 17, 2018
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francine: this is what, a website? a website, or are you basically saying, we are trying to figure something out and let people come with the ideas? francesco: we started with a website after. we went first to israel, then we went to, of course, silicon valley. we opened up a hub in moscow, rio, santiago. everywhere we saw some, let's say, concentration of innovative minds and startup culture, there we put our people and opened a small office and we really pushed for, really we brought problems. we brought them problems to solve. they said, thanks. now we try. we had incredible results with this. we really found things we were never even thinking about. francine: how difficult is it to do in renewables? because there are many more markets, many more market players. actually, competition is stiffer. it is little bits, right? francesco: it was a lot like that at the beginning. in fact at the beginning, there were a lot of comments because we started trying to develop projects in areas that have no subsidy or incentivizat
francine: this is what, a website? a website, or are you basically saying, we are trying to figure something out and let people come with the ideas? francesco: we started with a website after. we went first to israel, then we went to, of course, silicon valley. we opened up a hub in moscow, rio, santiago. everywhere we saw some, let's say, concentration of innovative minds and startup culture, there we put our people and opened a small office and we really pushed for, really we brought...
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Jun 7, 2018
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francine: why not?co: why should i worry about i if there's something i should worry about, it's not the activist. it is that thing i should worry about. ,f they are targeting a it means something in the company doesn't work. francine: francesco starace, thank you for joining us. thank you.utive of enel. ♪ rolls onobal rally amid optimism we can avoid an all-out trade war. have a look at the japanese trade markets. the topix is up. jpmorgan things these off-on tensions have a cost investors more than a trillion dollars. germany saying the g7 will tackle donald trump on tariffs. and, may issues a unanimous statement. i am rishaad salamat in hong kong. >> i am haidi lun in sydney. hesitate to raise rates again, if required. our exclusive interview was coming up this hour. this is bloomberg markets: asia. >> we ar gains, on wall streetrnight. this off-again on-again trade war roller coaster. investors are thinking with conciliatory statements, not to mention geopolitical risks going into this key singapore
francine: why not?co: why should i worry about i if there's something i should worry about, it's not the activist. it is that thing i should worry about. ,f they are targeting a it means something in the company doesn't work. francine: francesco starace, thank you for joining us. thank you.utive of enel. ♪ rolls onobal rally amid optimism we can avoid an all-out trade war. have a look at the japanese trade markets. the topix is up. jpmorgan things these off-on tensions have a cost investors...
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Jun 25, 2018
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francine?ncine: european leaders have put on a brave face over their persistent disagreements on how to handle migration flows. chancellor angela merkel said there was a lot of good will and they would continue to work towards a solution. a lack of tangible progress could further escalate a crisis that could create a rift in germany's governing coalition. how concerned should investors be? we are also getting some polls saying that things are better than good when it comes to the popularity among the citizens. should we worry about immigration and the impact on the economy? kit: we should worry about europe having an immigration strategy that is coherent. that is the critical thing. europe as a whole needs to get ahead of the news flow rather than having an individual reaction causing divisions. is a missedthis opportunity. getting ahead of the news means finding agreement. we know in the past when it came to the greek crisis that it took all of the countries to find a solution. kit: it is hard
francine?ncine: european leaders have put on a brave face over their persistent disagreements on how to handle migration flows. chancellor angela merkel said there was a lot of good will and they would continue to work towards a solution. a lack of tangible progress could further escalate a crisis that could create a rift in germany's governing coalition. how concerned should investors be? we are also getting some polls saying that things are better than good when it comes to the popularity...
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Jun 22, 2018
06/18
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francine?e: i have oil, european stocks overall are rising and futures are rising and the euro zone's largest economy is beating estimates. oil jumping after opec and its allies reached a preliminary agreement on output. tom: advantage, surveillance. john farrow and tim fox, we do that when we listen to our guests. we had a wonderful perspective yesterday. here's a chart that we'll bring up. this is important, i'll put it out on twitter. this is stronger chinese yuan with managed stability by beijing with a little bit of deappreciation. weakening chinese yuan over a depreciates and rmpled m-b-. renimbi. ates the francine: several countries are unable to raise output and speculators are net long crude know the bush positioning is shorter. let's kick things off with trade. and some officials are trying to avoid a trade war before tariffs on products take effect on july 6. u.s. officials and china experts have been contacted to engage high level talks in the next few weeks and sets up a battle wit
francine?e: i have oil, european stocks overall are rising and futures are rising and the euro zone's largest economy is beating estimates. oil jumping after opec and its allies reached a preliminary agreement on output. tom: advantage, surveillance. john farrow and tim fox, we do that when we listen to our guests. we had a wonderful perspective yesterday. here's a chart that we'll bring up. this is important, i'll put it out on twitter. this is stronger chinese yuan with managed stability by...
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Jun 8, 2018
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tom and francine? francine: thanks so much. we'll put out on social media for our radio listeners, a joint news conference in china by president ping and his visiting counterpart vladimir putin and i -- the conference just finished. what we heard from them is mr. putin saying north korea is ready for constructive work and mr. putin saying the russia-china talks were constructive and very businesslike and president xi saying they hope to promote cooperation in all areas. quite significant especially at this time we're trying to figure out the foreign policy implications for longer term economic expansion to see these two leaders come together issuing what seems to be quite a strong statement, tom. tom: absolutely. no question about it. i find it absolutely stunning this imagery we just saw there as we compare it to the dance we'll see in st. lawrence seaway in quebec. extraordinary these two events are going on essentially at the same time. francine: tom, on to brexit, boris johnson has attacked teresa may's brexit policy. at a
tom and francine? francine: thanks so much. we'll put out on social media for our radio listeners, a joint news conference in china by president ping and his visiting counterpart vladimir putin and i -- the conference just finished. what we heard from them is mr. putin saying north korea is ready for constructive work and mr. putin saying the russia-china talks were constructive and very businesslike and president xi saying they hope to promote cooperation in all areas. quite significant...
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Jun 28, 2018
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francine: thanks. a great story saying that germany's early world cup exit could hit companies such as ideas that are sponsoring it, but could give a boost to some of the bookies in germany. after years have been spent pumping easy money into crisis economies, the world's central banks are starting to drop back their support. the fed has raise rates twice this year, the ecb says it plans , wellp buying assets bloomberg economics took a look at 22 of the top central banks, which together, said policy for almost 90% of the world's economy. next?s we're talking about some of the outlier calls you were looking at. but talk to me about the u.s.. a point you made to me was repatriation. that is a clever way of looking at what happens next. kamal: one of the defining is this significant resurgence in reinvested earnings. around $175 billion worth. this has been key for bank of america. what we have seen is a dollar, offshore dollar earnings coming back to the u.s.. we think the next overlay is likely to be no
francine: thanks. a great story saying that germany's early world cup exit could hit companies such as ideas that are sponsoring it, but could give a boost to some of the bookies in germany. after years have been spent pumping easy money into crisis economies, the world's central banks are starting to drop back their support. the fed has raise rates twice this year, the ecb says it plans , wellp buying assets bloomberg economics took a look at 22 of the top central banks, which together, said...
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Jun 18, 2018
06/18
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tom, francine? francine: thank you so much. now bloomberg's energy and commodities executive, and still with us, jeremy stretch and nick gartside. opec members, we understand, are discussing an agreement that would see an increase between 300,000 to 600,000 barrels a day over the next few months. this is according to our great reporters on the ground and our bloomberg sources. if you look at the market reaction, it went up a touch, then down a touch. were we expecting more? >> no, i think that's about right. it is clearly a lower number than some of the opec agreement talked about, russia has been talking about maybe one, 1.5 million barrels. i think that's why you saw that spike. of course, we have the comments from iran over the weekend saying they're going veto anything that's put forward so. those two are playing off against each other, but there's caution that comes in, because ultimately iran can block this deal. francine: again, run us through the three options right now saudi and russia have. do they get everyone else o
tom, francine? francine: thank you so much. now bloomberg's energy and commodities executive, and still with us, jeremy stretch and nick gartside. opec members, we understand, are discussing an agreement that would see an increase between 300,000 to 600,000 barrels a day over the next few months. this is according to our great reporters on the ground and our bloomberg sources. if you look at the market reaction, it went up a touch, then down a touch. were we expecting more? >> no, i think...
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Jun 15, 2018
06/18
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♪ francine: welcome, i am francine lacqua in london.ou can see the stock's 600 is pretty much unchanged. i think a lot of traders are bracing for what could be a trade tariff tension. fluctuation, that overall, you can say the central-bank action was pretty smooth. but then you see this divergence coming out. that is coming through in the euro-dollar. and the fed definitely a little hawkish, yet markets taking it in stride. the stories in the emerging markets, without a doubt, is the argentina and peso. we have a new man in charge of their central-bank, and we are trying to figure out if the peso weakness will start to affect other emerging markets. coming up, we talked harris, trade, and strategy with our guests. later on, we get calls on the euro after yesterday's ecb meeting. later, we also get a view on trade and the traits that with china. let's get straight to bloomberg first word news. japan has left their monetary policy unchanged and downgraded to their assessment of inflation. it maintains the settings on the yield control pro
♪ francine: welcome, i am francine lacqua in london.ou can see the stock's 600 is pretty much unchanged. i think a lot of traders are bracing for what could be a trade tariff tension. fluctuation, that overall, you can say the central-bank action was pretty smooth. but then you see this divergence coming out. that is coming through in the euro-dollar. and the fed definitely a little hawkish, yet markets taking it in stride. the stories in the emerging markets, without a doubt, is the...
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Jun 4, 2018
06/18
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francine: thank you, taylor.uropean stocks higher with s&p futures this morning after jobs data boosted optimism. ratingser-than-expected suggest that america's labor market will keep powering growth and reinforce market expectations for a fed hike later this month. still with us, andrew sheets and dnaanae. thank you for sticking around. andrew, when you look at u.s. growth, is it ok? we were talking about the danger of the u.s. overheating. andrew: growth in the second quarter looks very strong. economists at how tracking estimates, it is over 3%. the current elements of growth are not the issue. the question is, does that decelerate? there's concern over how much fiscal stimulus is in the system now. our view is that growth in the u.s. will start to decelerate between now and the end of the year. inflation will continue to rise. core inflation will continue to pick up. we think the fed will hike in will september, and they stay on that path as core inflation picks up. how much impact would trade tensions have o
francine: thank you, taylor.uropean stocks higher with s&p futures this morning after jobs data boosted optimism. ratingser-than-expected suggest that america's labor market will keep powering growth and reinforce market expectations for a fed hike later this month. still with us, andrew sheets and dnaanae. thank you for sticking around. andrew, when you look at u.s. growth, is it ok? we were talking about the danger of the u.s. overheating. andrew: growth in the second quarter looks very...
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Jun 14, 2018
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francine: brexit show, i am francine lacqua.resa may is not the only leader with a party divided over your. europe.- over your shifted towards closer ties with the european union. this week's debate saw clashes over concerns of their programs and electorate, and saw members frustrated by corbyn. gina miller is still with us. what do you make of the labour party and what influence they will have. gina: i think the labour party is divided. they are in civil war to. being whipped from one direction. they are going to have to come up with a position. they have just kicked the can down the road. behind the scenes, you have 73% of labor membership to stay in a single market. the different constituencies are saying different things. they are in a hard place, but will need to come out with a position. apart from the withdrawal, we're coming up to summer where there will be two other bills coming into parliament. billnk the custom unions will be where labor has to come out with a position that is stronger than what they are doing at the
francine: brexit show, i am francine lacqua.resa may is not the only leader with a party divided over your. europe.- over your shifted towards closer ties with the european union. this week's debate saw clashes over concerns of their programs and electorate, and saw members frustrated by corbyn. gina miller is still with us. what do you make of the labour party and what influence they will have. gina: i think the labour party is divided. they are in civil war to. being whipped from one...
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Jun 29, 2018
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francine: thank you.taly's new prime minister has negotiated a package of measures at the eu summit to stem the flow of migrants into europe and spread the burden. during talks in brussels that continued past 4:30 a.m., member states agreed to increase border security, set up holding centers, and to speed up the process. will this deal be enough to appease a merkel's critics? joining us now is a team of bloomberg reporters on the ground. what's do the eu leaders actually agree on on migration? >> good morning. it was a very long night here in brussels, very contentious, i should say. at one pointister saying he would veto the entire summits if he did not get a comprehensive migration deal. one, ismain points, that european leaders have agreed to set up migration control centers. they are not going it camps, but that is what it is. migrants will be vetoed and screened, and those who qualify will be allowed, those who do not will be sent back. , ifndly, and kiefer italy any european nation feels it is being
francine: thank you.taly's new prime minister has negotiated a package of measures at the eu summit to stem the flow of migrants into europe and spread the burden. during talks in brussels that continued past 4:30 a.m., member states agreed to increase border security, set up holding centers, and to speed up the process. will this deal be enough to appease a merkel's critics? joining us now is a team of bloomberg reporters on the ground. what's do the eu leaders actually agree on on migration?...
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Jun 6, 2018
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francine. francine: thanks so much.na has offered to boost purchases of american goods by $25 billion. bloomberg understands that xi -- put the on this offer out as they finalize the deal with the u.s. equipment maker -- chinese smartphone maker zte. guests.th us are our there are about a million angles i could ask you about, but i know you like to keep it short. first of all, what are you most worried about? is it the fed reaction in hiking rates to the dollar, or is it is possible trade war sparking up and plunging the world into recession? trade wars have the potential, and i stress potential, to cause chaos. but we are not at that point yet. we have right now our tears on metals, uncertainty in that debt, and some squabbling around the edges. that is how far it has gone, so to compare it to the 1930's. makes no sense. but the potential is there. i think there is a potential that things get out of hand, but a small probability of a terrible event. guess is that outside trump's office, i don't think anybody wants a tr
francine. francine: thanks so much.na has offered to boost purchases of american goods by $25 billion. bloomberg understands that xi -- put the on this offer out as they finalize the deal with the u.s. equipment maker -- chinese smartphone maker zte. guests.th us are our there are about a million angles i could ask you about, but i know you like to keep it short. first of all, what are you most worried about? is it the fed reaction in hiking rates to the dollar, or is it is possible trade war...
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Jun 1, 2018
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francine. francine: thanks so much.s credit rating has been dumped by s&p in another blow to christian sewing. it was downgraded to a minus after reports that american regulators have put u.s. operations on the list of problem banks. stock is trading higher after closing at a record low. us from frankfurt is the vice president of the shareholder advisory. always, thanks for making some time to speak to us. i think we spoke to you on the 25th of may, and last time, you told us the new deutsche bank executive has the right strategy. the still think that is true? klaus: yes. i still think that christian sewing is the right man and have the right strategy. you should not forget that these are problems of the past, and he has to sort these problems. he was absolutely right when he informed the shareholders at last week's meeting that deutsche bank is still having serious problems, especially in the u.s. investment. and as we see right now, that was true what he was saying, and that absolutely right especially christian and h
francine. francine: thanks so much.s credit rating has been dumped by s&p in another blow to christian sewing. it was downgraded to a minus after reports that american regulators have put u.s. operations on the list of problem banks. stock is trading higher after closing at a record low. us from frankfurt is the vice president of the shareholder advisory. always, thanks for making some time to speak to us. i think we spoke to you on the 25th of may, and last time, you told us the new...
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Jun 27, 2018
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francine: thanks.et's talk china markets and an accelerating slump in the yuan is stoking fears that policymakers are less willing to temper the currencies of decline. this comes as the economy slows i missed trade battles. ago, the u.n. was serving as an anchor for emerging economies. the turnaround has evoked for the devaluation of 2018 -- 2018, as china watchers discount the idea of depreciation being used as a policy tool. what is next for the chinese markets? aill with us is our guest and professor of economics and international affairs. thank you, jeremy, for coming on. u.n., couldk at the it used as a trade policy tool? jeremy: i think it is part of the equation. where, over context the last many years, there has been pressure on china to move towards a more market determined exchange rate. to move in that direction has changed materially, and now we are getting trade actions moving in a different direction. it is part of the equation. at the same time, it is very much in the mind of the markets
francine: thanks.et's talk china markets and an accelerating slump in the yuan is stoking fears that policymakers are less willing to temper the currencies of decline. this comes as the economy slows i missed trade battles. ago, the u.n. was serving as an anchor for emerging economies. the turnaround has evoked for the devaluation of 2018 -- 2018, as china watchers discount the idea of depreciation being used as a policy tool. what is next for the chinese markets? aill with us is our guest and...
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Jun 13, 2018
06/18
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francine: francine, please.on how the fed should view trade tensions. >> the fed has take them into account. picture, trade is important to the global economy. it is less int to the u.s. than other countries. the world is much smaller than it used to be in terms of trade and market, so if you havether countries that wind up being negatively impacted by trade, then the u.s. will follow as well. that is something the fed is paying attention to, not necessarily specific politics, but the actual economic impact. tom: thank you so much. we greatly appreciate it. bill gross with us later this afternoon. right now, i need a briefing. took a shares of zte dive as the stock fell as much as percent in hong kong after the company agreed to pay a $1 billion fine and revamp its toagement to allow zte resume business after a two-month hiatus. toshiba conducting its first ever share buyback. is repurchasing $6.3 billion of stock. two weeks ago, the company completed the sale of its memory chip unit $418 billion. blackstone gro
francine: francine, please.on how the fed should view trade tensions. >> the fed has take them into account. picture, trade is important to the global economy. it is less int to the u.s. than other countries. the world is much smaller than it used to be in terms of trade and market, so if you havether countries that wind up being negatively impacted by trade, then the u.s. will follow as well. that is something the fed is paying attention to, not necessarily specific politics, but the...
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Jun 20, 2018
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francine: do you agree?ichard: what we are seeing is markets grappling with strong fundamentals, but rising economic uncertainty. and concern about trade tensions adding to that uncertainty. important to emphasize that the measures actually announced are very small and having no material impact on chinese or global growth. the additional $200 billion is at this stage, a threat, not an action. are seeing is no evidence this is derailing growth. but we are in an environment of tit for tat. and i think markets will remain in a. of uncertainty for some time. toncine: is it not better take a worst-case scenario bet to hedge your position? richard: this starkly the opposite is the right thing to do. evaluations, the history teaches us that in the majority of tensions the right thing is to buy into that risk, take the long-term view. is concern, in this case, what is the one of risk that could derail the synchronized global economic expansion? it is the escalation into a trade war. but not we are seeing as. -- yet.
francine: do you agree?ichard: what we are seeing is markets grappling with strong fundamentals, but rising economic uncertainty. and concern about trade tensions adding to that uncertainty. important to emphasize that the measures actually announced are very small and having no material impact on chinese or global growth. the additional $200 billion is at this stage, a threat, not an action. are seeing is no evidence this is derailing growth. but we are in an environment of tit for tat. and i...
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Jun 11, 2018
06/18
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francine? francine: thank you so much. it is going to be a busy week.ing out with a report on their ratio. they expect that to be about 14% to 2020.-- for 2018 it is also expected to invest in future skills. there was a change at the top before the chief executive came in a couple of months ago. it also plans to sustain a dividend at current levels. ofare watching anything out korea, talking about trade wars with our guests. ,outh korea says it's president mr. moon, had a taliban -- had a telephone conversation with president trump. i do know know if we will have the details that that is all we have. i will bring you the latest. we had some ugly, economic data out of the u.k. dataacturing and economic worse than expected. hacking of a cryptocurrency exchange has fueled a selloff and reignited concerns. coinrail cited hacking. for more, our cross asset reporter joins us from hong kong. what do we know about coinrail? coinraile know is that , they called it a cyber intrusion. they are saying about 70% of the cryptocurrencies they have under their control
francine? francine: thank you so much. it is going to be a busy week.ing out with a report on their ratio. they expect that to be about 14% to 2020.-- for 2018 it is also expected to invest in future skills. there was a change at the top before the chief executive came in a couple of months ago. it also plans to sustain a dividend at current levels. ofare watching anything out korea, talking about trade wars with our guests. ,outh korea says it's president mr. moon, had a taliban -- had a...
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Jun 12, 2018
06/18
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francine? francine: thank you so much, taylor. the fed announces its policy decision tomorrow.atching for an update to the update to the central banks rate pause. thent to ask you about pound. euro, pound, we have a competing chart. theresa may has dodged one rebellion and now she is trying to dodge another one. we have a key brexit legislation heading back to parliament with lawmakers threatening to vote against her. does the pound move on the back of it? shahab: the market is still year,g in hikes for this which suggests that the market ultimately expects the political tensions that we have now to subside between now and the end of the year. my fear is that if this turns out to be more of an upset in terms of what materialize a verys, then that is benign outcome and the market may have to consider a rate hike from the bank of england, is still likely. i am looking at the levels 8850. it will be interesting to the lease. there is corporate business as well. all of media and telecommunications is absolutely transfixed by the fox soap opera soaphe rest, the sky tv opera. there i
francine? francine: thank you so much, taylor. the fed announces its policy decision tomorrow.atching for an update to the update to the central banks rate pause. thent to ask you about pound. euro, pound, we have a competing chart. theresa may has dodged one rebellion and now she is trying to dodge another one. we have a key brexit legislation heading back to parliament with lawmakers threatening to vote against her. does the pound move on the back of it? shahab: the market is still year,g in...
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Jun 20, 2018
06/18
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francine: opec collision course. iran rejects a potential compromise, putting the group on track for a clash at friday's meeting. and may stands for, the u.k. p.m. stands firm ahead of a crucial vote. ♪ good morning, welcome to "bloomberg surveillance." these are your markets. we're seeing a bit of edging sideways. we had a few earnings coming out, some guidance to look at.
francine: opec collision course. iran rejects a potential compromise, putting the group on track for a clash at friday's meeting. and may stands for, the u.k. p.m. stands firm ahead of a crucial vote. ♪ good morning, welcome to "bloomberg surveillance." these are your markets. we're seeing a bit of edging sideways. we had a few earnings coming out, some guidance to look at.
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Jun 19, 2018
06/18
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francine lacqua joins us now with a guest. francine: thank you.ed by the goldman sachs vice-chairman. we're talking about not only the global business summit, sponsored by bloomberg, but if you look at the economic cycle, what do small businesses need in this environment? taking advantage of the opportunity. there is a terrific upswing. this is the time to be optimistic. this is the time to be looking for growth. we have to have an eye to the toronto -- to the horizon and make sure what you are doing a sustainable. -- is sustainable. the only way to achieve productivity is to engage with partners and people and the digital economy. tensions seem to be escalating. you don't exactly know where it will end. markets are down overnight. this is going to play out over a long time. there are imbalances in the global economy. issue thatlly an seems to unite across the political spectrum. there are talks about imbalances and what needs to be done. this has to be a global conversation. can we do it through evolution or discussion? is this a good type of vol
francine lacqua joins us now with a guest. francine: thank you.ed by the goldman sachs vice-chairman. we're talking about not only the global business summit, sponsored by bloomberg, but if you look at the economic cycle, what do small businesses need in this environment? taking advantage of the opportunity. there is a terrific upswing. this is the time to be optimistic. this is the time to be looking for growth. we have to have an eye to the toronto -- to the horizon and make sure what you are...
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Jun 30, 2018
06/18
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francine: xiaomi has raised a $4.7 billion in the hong kong ipo. the beijing-based smartphone maker priced shares at 17 hong kong dollars each, the lower end of the market range. separate sources say george soros and a chinese company are among investors that placed the orders. how does this match expectations we had? >> sourced said they were targeting a valuation of $100 billion and ended up getting about half of that valuation, $54 billion, the reasons complex. the markets are certainly rocky, the trade tensions have been challenging. they wanted to raise some money out of the mainland domestic market through the china depository receipts which did not work out partly because regulations are complicated. no caps on has done that successfully and they were not able to pursue that at the same time they did the hong kong ipo. the fundamental reason is they never really persuaded investors
francine: xiaomi has raised a $4.7 billion in the hong kong ipo. the beijing-based smartphone maker priced shares at 17 hong kong dollars each, the lower end of the market range. separate sources say george soros and a chinese company are among investors that placed the orders. how does this match expectations we had? >> sourced said they were targeting a valuation of $100 billion and ended up getting about half of that valuation, $54 billion, the reasons complex. the markets are...
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Jun 2, 2018
06/18
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francine lacqua had an exclusive interview.t he have to say. >> i think the selloff is not justified. we are in a situation today with the fundamentals of italy are very good. the economy is growing at a good , is corporate positive, and the consumers are positive as well. of course there is political , uncertainty, but i think the idea of italy leaving the eurozone is something which is overdone. is promptinghat the selloff, but we should go back to reality. italy will not leave the eurozone. and we need to look at the good fundamentals of the country. francine: how much is your exposure to italian sovereign debt? and are you changing any of the exposure? >> exposure to italian sovereign debt is around 42 billion euros, which is less than our total capital. it is an exposure which has less than a three-year duration, so it is short-term exposure. we are very comfortable with it. francine: is there anything that politicians can do? is there anything that bankers can do to appease the markets right now? >> i think it is importan
francine lacqua had an exclusive interview.t he have to say. >> i think the selloff is not justified. we are in a situation today with the fundamentals of italy are very good. the economy is growing at a good , is corporate positive, and the consumers are positive as well. of course there is political , uncertainty, but i think the idea of italy leaving the eurozone is something which is overdone. is promptinghat the selloff, but we should go back to reality. italy will not leave the...
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Jun 20, 2018
06/18
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francine: opec collision course.ial compromise, putting the group on track for a clash at friday's meeting. and may stands for, the u.k. p.m. stands firm ahead of a crucial vote. ♪
francine: opec collision course.ial compromise, putting the group on track for a clash at friday's meeting. and may stands for, the u.k. p.m. stands firm ahead of a crucial vote. ♪
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Jun 23, 2018
06/18
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francine daimler is the first : major corporation to blame tariffs for lower profit outlook.eanwhile, india has raised tariffs on imports to the u.s.. has hiked tariffs on items like chickpeas, walnuts, apples, boric acid among others clearly in retaliation to the , increased duties on aluminum and steel that india believes hurts domestic industry and more importantly, it believes it violates global trading roles. wastinger is --hoisting the white flag even before the trade war is caps off. are they using this as an excuse? it could be this is the business just not performing as it should be in china and they preemptively come out with this today. if we see other carmakers following suit, maybe the skepticism will subside. at the time, it is unclear what is behind this. great british pound, popping after more than two weeks. that is after the boe's chief economist unexpectedly supported a rate hike, boosting prospects for the next couple of months. >> the bank hypothesized slowing growth in the u.k. economy was temporary. and now what it is seeing and thinks is it is right. i
francine daimler is the first : major corporation to blame tariffs for lower profit outlook.eanwhile, india has raised tariffs on imports to the u.s.. has hiked tariffs on items like chickpeas, walnuts, apples, boric acid among others clearly in retaliation to the , increased duties on aluminum and steel that india believes hurts domestic industry and more importantly, it believes it violates global trading roles. wastinger is --hoisting the white flag even before the trade war is caps off. are...
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Jun 26, 2018
06/18
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francine lacqua is out today.ut the check on how the markets are trading one hour into the start of equity indexes. we have got gains across the board. a little bit of a dead cap bounce -- cat bounce after the losses that we saw yesterday. 2.25%tse was down yesterday. and the dax and cac those levels as well. i have got bit g10 -- have got the g10, who the big movers are as far as the severity of their move away from a 90 day average. the yen season some strength -- sees some strength in the currencies. crude seeing some strength, and gold coming down right now. there is a bit of a safety bid and that the yen is catching a bid. on the other hand we see gold coming down. you also see some other save haven assets, like the u.s. 10 year, not really getting bit up up thisning -- bid morning. gauge: china's benchmark entered a bear market over concerns of a trade war with u.s.. taking aseng fell, loss of more than 20%. uan is also weekend. suggesting that a treasury department report later this week on foreign investme
francine lacqua is out today.ut the check on how the markets are trading one hour into the start of equity indexes. we have got gains across the board. a little bit of a dead cap bounce -- cat bounce after the losses that we saw yesterday. 2.25%tse was down yesterday. and the dax and cac those levels as well. i have got bit g10 -- have got the g10, who the big movers are as far as the severity of their move away from a 90 day average. the yen season some strength -- sees some strength in the...
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Jun 2, 2018
06/18
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francine: is there anything that politicians can do?e anything that bankers can do to appease the markets right now? >> i think it is important that we pass the proper message to the market, that the current situation in italy is actually stable. the economy is growing very well . every corporate giant that i see --ls me that they are not they have got better quarters than they have had for the past 11 years. has of the crisis in italy been turned on the situation is actually very good. italian companies are exporting at a rate that is higher than other countries. they are gaining market shares. in italy, the retail clients are consuming very well as well. when you look at the fundamentals, there is no reason to be worried. carol: up next, an indonesian mobile is that trump deals m gul learns that trumps deals come with -- strings. jason: this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." carol: we are going to talk about u.s. sanctions and why they may have reached their limit. jason: also, we dig into
francine: is there anything that politicians can do?e anything that bankers can do to appease the markets right now? >> i think it is important that we pass the proper message to the market, that the current situation in italy is actually stable. the economy is growing very well . every corporate giant that i see --ls me that they are not they have got better quarters than they have had for the past 11 years. has of the crisis in italy been turned on the situation is actually very good....
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Jun 29, 2018
06/18
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i want to also point out that bloomberg surveillance is coming up next with francine lacqua.cial guest. he has a special place in my heart because he writes the powerful motorcycle -- rides a motorcycle. the greek finance minister will give an exclusive interview. if you go to tv , at the bo ttom, you will see a blue link. clik that -- click that to ask yanis a question! this is bloomberg. ♪ francine: europe closes its doors as eu leaders reach a deal to stem the flow of micro -- m icgrant -- migrants. they felt the friends -- effects of stress test. and ready for liftoff. elon musk's rocket is inspected to take off in the next hour. ♪ good morning, and welcome to
i want to also point out that bloomberg surveillance is coming up next with francine lacqua.cial guest. he has a special place in my heart because he writes the powerful motorcycle -- rides a motorcycle. the greek finance minister will give an exclusive interview. if you go to tv , at the bo ttom, you will see a blue link. clik that -- click that to ask yanis a question! this is bloomberg. ♪ francine: europe closes its doors as eu leaders reach a deal to stem the flow of micro -- m icgrant --...
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Jun 9, 2018
06/18
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. ♪ ♪ francine: power company enel rocked the markets when its ipo became the world's biggest at thedecades later and the company is still thriving as europe's largest utility and a dominant player in the sustainable energy space. now, enel is targeting a greener future with plans to go carbon neutral 2050, and it is well on its way, half of its capacity comes from non-fossil fuel sources. today on "leaders with lacqua,"
. ♪ ♪ francine: power company enel rocked the markets when its ipo became the world's biggest at thedecades later and the company is still thriving as europe's largest utility and a dominant player in the sustainable energy space. now, enel is targeting a greener future with plans to go carbon neutral 2050, and it is well on its way, half of its capacity comes from non-fossil fuel sources. today on "leaders with lacqua,"
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Jun 12, 2018
06/18
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francine: history in the making. the u.s.nd north korea's kim jong-un have signed an agreement with kim pledging to work toward complete denuclearization. trump touted his good relationship. for more, we are joined in singapore. chief asiale, our correspondent and we will get to kevin cirilli later on. the two leaders, signing this outline peace deal. do we know what is in it? >> we don't. headlines coming through say north korea has agreed on denuclearization -- complete denuclearization, but what that means or entails, we don't know. we don't have a timeline, hence we are waiting for the press conference. i guess there has been a huge gap in the definition of is noearization and there indication whatsoever if the two have agreed and what it means. sayse one side, the u.s. speedy and complete denuclearization, but on the other side, for north korea, it wants a step-by-step process. thatow from the document the u.s. has agreed to give north korea some form of guarantee. although there is an important document that has been si
francine: history in the making. the u.s.nd north korea's kim jong-un have signed an agreement with kim pledging to work toward complete denuclearization. trump touted his good relationship. for more, we are joined in singapore. chief asiale, our correspondent and we will get to kevin cirilli later on. the two leaders, signing this outline peace deal. do we know what is in it? >> we don't. headlines coming through say north korea has agreed on denuclearization -- complete...
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Jun 5, 2018
06/18
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i'm francine lacqua here in london. these are your stock markets.
i'm francine lacqua here in london. these are your stock markets.
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Jun 22, 2018
06/18
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the last video was posted on mother's day, looking back on trent's life with doctor francine penny peterson recalling the reflections of motherhood. she was born on 4 july 1971 at the san francisco zoo. her birth name was japanese for firework flower when she was just one years old, penny then a young doctoral student began what she thought was a four year research project to teach koko american sign language. >> start with three signs or so then i said okay, let's try food, drink, and more since those are important words. mac a month later koko used sign which to make simple requests and by the time she was two years old, she formed short phrases. she learned over 1000 signs and under good words.>> have -- if we ask her a word she could sign it. you are doing really good.>> they had the many memorable moments when she got her first kitten, she named her all bald because she looked like a ball. penny says it was an emotional surprise to the world to see the gorilla cradling her cretin -- her kitten. the most iconic moment was when she meant -- met robin williams. >> reporter: williams says
the last video was posted on mother's day, looking back on trent's life with doctor francine penny peterson recalling the reflections of motherhood. she was born on 4 july 1971 at the san francisco zoo. her birth name was japanese for firework flower when she was just one years old, penny then a young doctoral student began what she thought was a four year research project to teach koko american sign language. >> start with three signs or so then i said okay, let's try food, drink, and...
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Jun 17, 2018
06/18
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. ♪ ♪ francine: power company enel rocked the markets in 1999 when its ipo became the world's biggestme. almost three decades later and the company is still thriving as europe's largest utility and a dominant player in the sustainable energy space. now, enel is targeting a greener future with plans to go entirely carbon neutral by 2050, and it is well on its way, half of its installed capacity comes from non-fossil fuel sources. today on "leaders with lacqua," we meet the chief executive of
. ♪ ♪ francine: power company enel rocked the markets in 1999 when its ipo became the world's biggestme. almost three decades later and the company is still thriving as europe's largest utility and a dominant player in the sustainable energy space. now, enel is targeting a greener future with plans to go entirely carbon neutral by 2050, and it is well on its way, half of its installed capacity comes from non-fossil fuel sources. today on "leaders with lacqua," we meet the chief...
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can't close women have suffered the same way that francine scenarios did to have my mom and penzias a trauma therapist who frequently travels to the villages around to cover to help survivors of mass rape. the roads are in poor condition the region has been destroyed by more than twenty years of war. the women here have suffered horrific ordeal holes. when you're a victim your heart is damaged it's as if you're no longer human and. along with emotional suffering diseases like hiv also take a toll or pansy addresses these issues listening to story after story including that of no kathy or who was held captive by rebels for six months. president why you're in that whole time they hardly gave us anything to eat they've beaten and raped as day and night when one was finished the next one arrived and the next one and the next on and on what i want as many people as possible to know this is happening i. know. it's not clear precisely how many women have suffered in this way but they likely number in the hundreds of thousands. we're really simple views. sometimes you are powerless you miss w
can't close women have suffered the same way that francine scenarios did to have my mom and penzias a trauma therapist who frequently travels to the villages around to cover to help survivors of mass rape. the roads are in poor condition the region has been destroyed by more than twenty years of war. the women here have suffered horrific ordeal holes. when you're a victim your heart is damaged it's as if you're no longer human and. along with emotional suffering diseases like hiv also take a...
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you know it was in this fronting francine is kicking into gear i mean you can you can now you can you can see this team go a long way in this one and they already a long way but you can see them because now the playoffs start and step into character the only play i would say who's not really doing exactly what we expected and often it's paul papa papa is still a little bit behind. everybody else and if you take. a country out of that then i think it's more exposed to kind of was brilliant yet again which he always is but. a lot of good stuff but also a lot of things that you think you know he's not really into before and so but this fancy. very exciting speaking of the big names all eyes will turn out to right now he will be the biggest of the names of hearing in portugal against your goal i insult nine kick. off the fans wherever i know that goes you'll find a whole host of security around and tons of founds as always they all just hoping to get a glimpse of him prior to kickoff. i . actually spoke to see. agent a few months back he said if it wasn't for and i'll die rather humbly he
you know it was in this fronting francine is kicking into gear i mean you can you can now you can you can see this team go a long way in this one and they already a long way but you can see them because now the playoffs start and step into character the only play i would say who's not really doing exactly what we expected and often it's paul papa papa is still a little bit behind. everybody else and if you take. a country out of that then i think it's more exposed to kind of was brilliant yet...
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Jun 21, 2018
06/18
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the gorilla foundation, founded by animal psychologist francine patterson, announced koko's death.eaking news... world famous gorilla named koko has died. koko was born at the san francisco zoo in 1971 and was famous for her ability to communicate with humans using sign language. she could sign 1-thousand words and understand more than 2- thousand spoke words. koko also begame friends with celebrities including robin williams and members of the "red hot chili peppers." she died in woodside on tuesday. she was 46 years old. ( james ) thanks will. we will check back with you through out the morning. ( darya ) breaking from overnight. a man is in the hospital this morning after his car fell off a cliff and into a tree. ( james ) kron 4's sara stinson is live in san jose with the dramatic overnight video. here is video of the intense rescue of the man on locust and aldercroft heights.the c-h-p says they first got the call at 9:17 last night.when the c-h-p and santa clara county fire department arrived the car was 30 feet down the cliff.the car stuck wedged against a tree.they had to us
the gorilla foundation, founded by animal psychologist francine patterson, announced koko's death.eaking news... world famous gorilla named koko has died. koko was born at the san francisco zoo in 1971 and was famous for her ability to communicate with humans using sign language. she could sign 1-thousand words and understand more than 2- thousand spoke words. koko also begame friends with celebrities including robin williams and members of the "red hot chili peppers." she died in...
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involved with his treats we understand he sends out three lexus to the feet of president giani and francine ahead of the vote reassuring him that people would be able to travel freely into the united states and between countries and so i think at the end of the day that has one this for the united states ok so the decision that only a twenty twenty six world cup is that it is to be in the hands of the the united to bid what has to happen over the next eight years. well in terms of the bid itself a lot is already ready and i think that was one benefit of this you know i see the stadiums are in place the infrastructure is in place and the focus is really generating the revenue for fee for. they're promising a lot of kind of innovation in the digital spheres about something that fifa will be keen on the big question mark and other ways that will be question marks is what happens in the white house with donald trump what happens with other countries and his relationships with those but it doesn't seem to have put off the fee for a delicate facing here today they have gone without united paid an
involved with his treats we understand he sends out three lexus to the feet of president giani and francine ahead of the vote reassuring him that people would be able to travel freely into the united states and between countries and so i think at the end of the day that has one this for the united states ok so the decision that only a twenty twenty six world cup is that it is to be in the hands of the the united to bid what has to happen over the next eight years. well in terms of the bid...