francine: that hurts the crop?a: as a matter of fact, estimates are 50% of the currently suitable land for coffee agriculture will not be suitable any longer by 2050. this is really significant because in the meantime, thanks to the positiveness of coffee that i just described, consumption is growing 2%. so by 2050 we need to produce twice as much as today with half the suitable land. so that means we have to invest in agriculture in order to make this coffee agriculture resilient. francine: but this is different ways to harvest coffee beans? andrea: yes, first what we need to do is improve the agronomical practices. make them more sophisticated, science based, technologically empowered. secondly, we will need to have new resistant cultivars. if these two actions are still not sufficient, we will need to develop new cultivation areas like higher latitudes and altitudes. all of that will require more investment, and we need to allocate more investment in the farms. francine: this cannot only be a private practice, r

francine? francine: thank you so much, sebastian.pening their wallets and investment spending has been picking up but political uncertainty could continue to constrain growth. hat is the environment like? first of all, i need to ask you how many espressos a day you have. on the business side, is there some downturn? do people drink more or less coffee? is it the first thing that people cut out? >> no. when we have an expanding conomy, coffee expand too. it is connecting in a positive way to economical expansion. francine: how much of your growth is coming from italy? how would you view the economic threth mow? >> our target for 2021 is to have revenues coming from international business around 70%. now we have 63%. italy is 36% of our total usiness. the i tal van environment is complicated. not so easy to understand. i can say over the last three, four years, the economy has grown with a positive rate. this is very good. we of course need to introduce much more reforms to have a mind bit of push towards set, more toward business and

francine: this is what, a website? 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 incentivizatio

francine: illy, thank you very much. pleasure francine. ♪

tom, francine? francine: thank you. now to trade.issioner met with -- will meet with donald trump tomorrow, hoping to de-escalate tensions. joining us now, the associate professor of the london school of economics political science. still with us, fidelity international. when you look at the implications of the meeting that president trump will have with jean-claude juncker, how can the president tried to de-escalate? >> he has a really hard task in front of him. trump has made it very clear that he is interested in this protectionism. it's not obvious that he will be able to deescalate the situation. in fact, they are already drawing up a list of goods they would retaliate on if trump goes ahead. massive, it isre already having negative implications on the u.s. market. francine: what does this mean for your worldview of carmakers? do you not buy them at all, because you could see something turning ugly, especially for german carmakers? or do you buy on the dip? >> is a part of this already reflected in share prices, one of the weake

francine: together.o angela merkel and her possible fight with -- on immigration. that was a john fraher and robin niblett. we will get back to both in just a couple of minutes. in the meantime, be sure to tune into bloomberg radio. it can be heard in new york, washington, d.c., boston, the bay area, and across the u.s. on sirius xm. this is bloomberg. ♪ ♪ taylor: this is "bloomberg surveillance." president trump has pressured pfizer into delaying scheduled drug prices for certain drugs. the drugmaker says it will hold off price hikes that took effect last week to give the president time to come up with a health care plan. blackstone group once you take advantage of the growing demand for buyouts. to equity firm is expected sick more than $20 billion when it starts marketing its eighth buyout fund later this year. according to a data provider, buyout deal value gross and 90% in the first quarter -- grew 90% the first quarter from a year ago. lawmakers and the u.k. may find facebook over the cambridge ana

francine? francine: thank you so much. have issued a degree power to name the head of a central bank. the latest change signals erdogan will follow through on to tightenn pledge his grip on monetary policy. this is our istanbul bureau chief who is in london. how many powers does he have? benjamin: what we see now is him making good on a promise that he made two months ago in the studio, where he said he would take care of the economy and monetary policy. we are seeing that happen. son-in-lawnted his as head of the economy. tohas given himself power appoint the governor of the central bank. he has no advice or consent from anyone. know about the appointments? we know he picked his son-in-law to run the finance ministry. benjamin: he is head of the science -- finance ministry and the treasury. those of an occupied by a very trusted names in markets. this is a brand-new era for turkey and erdogan taking full control of the economy. francine: thank you so much. let's get more on emerging markets. that is a latest from turkey.

francine. francine: thanks so much.kets will be looking at mario draghi is a of summer when they meet tomorrow. that is because of uncertainty arising from a statement that followed their june gathering which suggested a rate hike would not come until the end of summer next year. but in other languages, it hinted if you come in june or july. investors are not pricing in a hike until december, so any hint of removal before that could boost the euro and put pressure on governments. still with us are our guests. that, you know, basically a speak german or are a french speaker, the word used in the statement is different. it could be in the summer or after the summer. but should we really worry about it now? valentin: are essential case is that they will try to avoid it at any costs, any hawkish surprises in be too specific about the month or indeed the date. the emphasis is likely to be that rates will stay longer -- lower for longer. so we should not expect significant support for the euro to come on the day. that said, i

francine?ank you so much president trump has brought up the idea of shutting down the government if you does not get his way on immigration and his border wall. and a tweet yesterday, he said he is ready to bring washington to a halt if democrats do not budge on border security. joining us now for more is our city a writer, stephanie baker, and of course, jeremy stretch. stephanie, this feels like a serious threat, it shouldn't be dismissed? and looks to me like a tweet just aimed at his base, he's trying to remind his base that he is trying to stick to his campaign promises. we got pushback on the idea of shutting down the government from mitch mcconnell, the leader of the republican senate, and various other republicans. nobody wants to look like they are shutting down the government and not doing their jobs better head of the midterms, and it doesn't play well for either you seem with why republicans and democrats working together in a bipartisan fashion on on appropriations bill. mitch mcco

francine: thanks so much. on theorter will be ground tracking the protesters, and we will also speak to london's mayor city on --. focused on a trump and theresa may and what it means for foreign markets. is our us now correspondent, in london. and the head of multi-asset strategy at gamma -- gam. this is highly unusual. a sitting president gives an interview to the sun, and talks not only about brexit, but goes on to talk about nhs, things that are very domestic. how awkward is the meeting with theresa may going to be? alex: i can't imagine it will be comfortable. this is just how he operates. provocation is part of his game. it is a remarkable interview and i wish i was more surprised, but i have grown accustomed to the sort of thing. francine: is it provocation or that he says what he thinks without a translating into policy? when he says we might not get a , is itk. trade deal going to be the case, or is just a comment? alex: i don't think he has a particularly clear grasp of brexit. puti do think he likes

francine: if the u.k.ts a part of that, you need a system which allows researchers to come in. >> i've always said that immigration should be absolutely open, at least a points-based system. i also am a free trader. i believe we should have completely free trade all around the world. i think we can make brexit work quite well for us. francine: do we know about immigration, or is that to be discussed next year? >> in the times today, saying they are softening some of these strict rules on immigration for skilled workers, like scientists and professors. that is a change. we saw it a few weeks ago. mrs. mays very strict rules seem to be softening. the economy is going to need these people to come in. francine: thank you both for joining us. david merritt and jim mullen. "bloomberg surveillance" continues in the next hour. tom keene joins me out of new york. we will be talking to david herro. he owns a big chunk of some of the biggest banks in europe. we will be asking about glencore and deutsche bank. ask him

francine: thank you so much.: my pleasure. ♪ rishaad: asia-pacific markets despite lingering trade returns oil is rebounding. u.s. china it talked grinding to a halt with few signs of resumption per beijing saying washington's attitude is "cata strophic" for the world trade prayer and. it is hard to see a policy designed to harm america. in hong kong, i'm rishaad salamat. this is bloomberg markets. ♪ rishaad: just over an hour ago the bank of korea came out and did a broadly expected, leaving unchanged. he interest rate unchanged, 1.5%. employment conditions remaining sluggish and they will carefully see whether they need to adjust policy any further. inflation and 2% target is the cpi read anyway. growth will be below that forecast back in april. nevertheless, that is korea. trading day getting underway. haidi: indonesian stocks looking to buck the regional trend. falling for the first day and four. the king at the broader market session, stocks recovering. the nikkei and the yen further spread.

francine? francine: taylor, thanks so much.ou can't brexit secretary david davis has quit, plunging theresa may into a crisis. the recognition comes two weeks after the announcement that she had secured cabinet backing among which a bloomberg sources davis could not support. it can reduce the chances of a no deal brexit. is bloomberg's editor, also patrick arm strength -- patrick armstrong, and emma chandra. is this a crisis or not a crisis? emma: this is the worst crisis in the last year. the focus is now on what will pre-brexit lawmakers do with this? hardline pre-brexit on the street, are the letters going to go in for a new challenge, no, it is not about the letters, it is about getting the policy right, so that will be coming up in the next few minutes, what the pre-brexit hard-line lawmakers say about this is important. if they say may can stay, that is very different t. francine: the pound is not moving. could david davis go at it alone? does his resignation make that much of a difference? emma: davis has been on the rad

francine: of course.pictures for radio listeners coming in from the nato meeting around this time, they had, we see the president of france, emmanuel macron, and we are expecting the chancellor of germany. these leaders take a bit of time on the to reporters, blue carpet as they arrive into the new nato headquarters. stephanie, we were talking about the fragility of the european economy. we still need reforms from france. italy turning much more populist. worry about germany on the political side and the fact that they are stuck in a trade war and they are getting beat up because of the surplus, by donald trump? stephanie: the problem is you have, still he country that is very dedicated, they have locked in this amendment around the budget. the flexibility around defense spending and the fiscal position generally is not great. they have reached a stalemate not just on the trade war but the political situation of the chancellor and her coalition, a lot more fragile than it did when we first saw that coalit

francine. francine: t why so much, taylor.ump has lashed out warning of unspecified consequences if president rouhani continues threatening america. in a tweet, president trump said -- never ever threaten the united states again or you will suffer consequences unlike any in history have ever suffered before. be cautious. earlier, president rouhani warned the u.s. president not to oilaten his nation's experts saying america would be sorry if it reimposed sanctions. let us keep our discussion on oil. simon, the problem is i am not sure what to do with this. you are and oil analyst. let me show you this chart of iran's crude outputs. simon: if you look at the materiality of what sanctions 1.5 millionabout barrels per day. at a time when coal is over and above what the iaea expected, the problem is we just do not know if the diplomatic playbook of threatening a foreign leader which seemingly has worked in north korea in terms of bringing them to the negotiating table, whether it will work with iran where there are very different d

francine? francine: always having fun. when are we not having fun? oil company chief executive and get his take on commodities. this is bloomberg. ♪ francine: this is "bloomberg surveillance." let's get to steal. companies say they see synergies. and the joint ventures for the long term. now is the thysse nkrupp chief executive. are you satisfied, more or less, with the outcome of renegotiations on the deal terms? your share prices down 1%. i think the share price, they will not do it in one day. i am satisfied. we brought a two-year negotiation to a successful end and it addressed the four major issues for us. addressed the structure problem of the steel industry in europe and we created substantial value for our shareholders. the maturity of our employees, we could secure a more promising future. it's also a good cultural fit for our transformation. what does your largest investors say about this? i think you need to ask them by themselves. repeat what mr. fairbanks outlined over the weekend. he said he fully understands the logic of the merger. he

francine: illy, thank you very much.rea: my pleasure. ♪ >>>> you are watching the best of bloomberg daybreak middle east. >> ways of mitigating man ron impact on oil prices. the u.s. says it could become the world's top producer next year. >> a new era for turkey, but the choice of finance minister riles the market. >> the ceo of one of the country's retail giants tells us a smaller market is the new normal. >> markets begin the week digesting news from saudi arabia that they ha

tom, francine? francine: thanks so much.y household was very excited about the france win. up above the logo where it says ffs and it says world cup winner, you add an extra star. tom: leading all of our practice was the wisdom of francine lacqua. how did you do it? francine: our executive producer did it even better. you didn't do too bad. tom: you beat jon ferro. nothing else matters. francine: there you go. i to our main story, the helsinki summit. we are right outside the palace were the main event will take place in a couple of hours. anne marie, what is the biggest concern for president trump? is it how he deals with the 12 indictments, or will he talk gas and pipelines with president putin? reporter: good morning, and congratulations, francine. i like how you are leading against all of the men in our newsroom. president trump is already here, the vladimir putin will be arriving in the next 30 minutes, and at the top of the next hour they will be meeting directly outside. what is really overshadowing this meeting this

tom, francine. francine: thank you so much.land rate increase looks almost certain, even as doubt over the economy lingers. investors are betting there is a 90% chance of a quarter-point hike on thursday, which would only be the second increase since the financial crisis. ons is despite brexit rang -- weighing on british growth. paul, when you look at some of the concerns, there seems to be a consensus that because the boe did not hike in may, they will hike thursday. are they right to do so, or should they just worry about the power level? >> i think they are right to raise rates. the british economy is not lagging behind its peers. it is ahead of europe in the economic cycle. the recovery began earlier. the labor markets improved earlier. you now have the normal process possibly exaggerated by brexit of coming back down to normal levels of growth. the bank of england is saying we have a normal cycle going on, normal levels of employment and the economy, seeing wage growth pick up, which we are, and yet we are running an aggre

francine: this cannot only be a private practice, right? partnership with the public and politician. >> absolutely. we are working together with a coffee trading association, the world's largest over 50% of the coffee trade in order to have a mass and i.c.o., international coffee organization and all of we relevant associations, are trying to develop an organization in order to broker, in order to really attract institutions, fill tlop cal in other countries. francine: when i say fair trade, a consumer rue i as is doing a little bit less eefl for the world? has been, i trade believe it belongs a little to the past. it's been a very good first step towards sustainability. but not sustainability, it's the commitment to pay premium price coffee that you would pay less on the marketplace. o it's kind of a market distortion which the consumer by seeing a label believes that the coffee has paid a fair price, unfortunately, these expectati neither create a huge consumption because most of the consumers by the coffee the quality but because it's fa

vonnie: francine, can i ask about oil? is any kind of rapprochement of the issues, might there be an impact on oil prices? how would that work? >> i think that is dependent on russia-eu. russia-saudi relations. that had an agreement to curtail production. they want to increase production. i think that will have an impact on prices. we are already seeing in the market today, as i saw earlier. i think russia is highly dependent on the price of oil. it is concerned if it goes too high, then the swing producers in the u.s. will enter the market again and reduce the price. it is a crucial concern for is not anause russia economic superpower. it is highly tied to the price of oil and natural gas and all materials. and that is a crucial concern for president putin. vonnie: francine, what is the view in europe? what does the president need to do in order to not look weak? francine: there is a view across a lot of europe that just by agreeing by ending this isolation of russia, the president will have given forthing to president pu

francine: is there any way around that without helping the tycoons? >> not really. you have to bail out the banks and either take their businesses off of these guys or help them get back on their feet, and both of those things are. steley difficult -- are

but francine didn't benefit.idn't know of her existence-- or many others like her, who don't report their cases. an this box that i'm ding in front of is the complaints box, where young women are supposed to drop off allegations of sexual abuse and exploitation, but of course look at it. i mean, it's a load of acronyms, what does that mean? and it's not in the local nguage, it's in english and french. i've never met any young woman here, and i've spoken to so many, who've known of this box's existence. (speaking french): >> non. >> navai: non.ai (nnd man speaking): >> navai: is there anything in it? shall i have a look in this? can't see. empty. i nted to put our findings to the u.n.'s acting head of mission in congo. when we spoke directly to women and girls, they wanted to tell somebody. they didn't know how to. does this surprise you? >> well, as i said, i'm not sure that we've met, that we have identified everybody, so itt doesrprise me that you have found such cases. what ware trying to do is to carry out ou

francine: what did we learn about this robert mueller probe? the two president saying it prove theresible to was collusion but they did not address interference. trump president reiterating what he said on social media, raising the issue of the democratic national committee server, raising the issue of the hearings that dominated inside the beltway gossip last week. he also raised the issue of the emails of former secretary of state hillary clinton, the democratic party nominee in the 2016 presidential election cycle, raising the issue of her email. the second point i would make is more broadly about how this president doubled down and said that this investigation -- he anticipated it to go on for some time. that is the first time we have heard this president say any kind of concrete timetable on how long this will go on. there now seems to be an acceptance that this is something the administration will have to deal with well into the midterms and belonged -- and beyond as it heads into a reelection campaign. the president has said he has every

francine, i know you have a question. francine: we've been trying to figure it out in helsinki. it seems to me that one thing that is uniting president trump is this how they would start off the conversation? is that because of president obama, president or to president trump, but the relationship with russia is so bad? and if they get along on that point is that where they make the eye to eye or find agreement? marty: francine, i would hope not. this president trump has been very nontraditional. predecessors. with him comes the entire history of the united states. i do think it would be unfortunate for him to commiserate with vladimir putin on his predecessor and the effectiveness of his administration. anything is possible with this president. i think that would be an unfortunate precedent if he did that. vonnie: there does seem to have been an altercation or episode at the gathering where we are awaiting the leaders of the two countries. not sure what happened. we will let you know soon as we find out. we're waiting for vladimir putin and president trump to take the stand --

francine: how much do you worry about the markets?uty of the strategy we have adopted, when we started three years ago, markets trading were 59% of our office. now it's 19%. moving from a to b was absolutely because now we look at markets and trading as a bonus. the key is wealth management. it's more stable and grows very nicely. team isell our markets that good to be at credit suisse because we can grow. i.t. as has grown 17% and that's good. -- its hashas grown grown 17%. that's good. we had 40 billion of leverage and now we are at 10 of iw eight and 49 of leverage. there done with restructuring. we have hit a point where we are going to stop weighing on our reserve. we need to think after. people compare us to others. we don't think that's right because our global market strategy is not to maximize the standalone global market revenue. the use global markets to power the other division. global markets is down 8% but that's because we keep them under a strict cap. we could replace revenue and poor much more capital and you would se

francine: it is amazing when you take a step back and look at the state of foreign relations, the state of the world order. the eu for a very long time has been seen as protectionist now forming an alliance with china which is possibly one of the pro-globalization countries. to davos sixack

francine: the worst thing was that they treated us like animals. it wn't just one man using me, it was all of them. it was so painful. they beat us and abused us like cattle. and my family had stayed behind, which was awful. my children were suffering at home while i was being raped in the forest. reporter: countless women have suffered the same way that francine cinege did. therese mema mapenzi is a trauma therapist who frequently travels to the villages around bukavu to help survivors of mass rape. the roads are in poor condition. the region has been destroyed by more than 20 years of war. the women here have suffered horrific ordeals. >> when you're a victim, your heart is damaged. it's as if you're no longer human. reporter: along with emotional suffering, diseases like hiv also take a toll. mapenzi addresses these issues, listening to story after story, including that of nakatia, who was held captive by rebels for six months. nakatia: during that whole time, they hardly gave us anything to eat. they beat us and raped us day and night. when one

tidjane talking to francine lacqua.ems in the final stages of turnaround plan, he was francine:.up the he was pretty upbeat. to expand thet global market that they are executing. it is think orders into a 12th quarter restructuring plan. cost control, everything is fine. we see the expectations. the million-dollar question for investors is is that the business model that two to three years on the line that was to work and the main question, is there a big market downturn, what impact? do outflows can anticipate because people freak out if there is a big market move, something we explored also. nejra: thank you so much, francine lacqua in zurich. let's get some final thoughts. you heard a great shot by francine. ifdering on credit suisse the final stages of the turnaround plan, is he giving investors enough reason to stay with the stock? jullian: as we briefly were discussing, people were quite cynical and when he laid out the plan, quite a lot of skepticism on whether it would work. today's numbers demonstrate in has wo

francine: minister, when president trump says nato is worse than nafta, does it go back to trade?artly about getting nato allies to buy more defense equipment from the u.s.? well, actually, we buy the defense equipment that is the best and that we need. when i say we, it's all the armed forces of the members of the alliance. it might be american products, but it might also be european products. we just started the european so that the fragmentation within europe will be stopped and that we invest common one and, for example, the fighter jets of the future, cyber equipment of the future, so that we have larger interoperability between our armed forces. this is a strong goal in nato and that we stop fragmentation. vonnie: that was the german defense minister and an exclusive interview. here's what's coming up in the next hour. from risk to reality, we will talk about the impact of tariffs on soybeans. prime minister theresa may's brexit showdown. what will come of the critical meeting. a quick peek at u.s. stocks now gaining steam. the s&p 500 is up for tens of a percent. biogen hel

francine: are you expecting a correction in fixed income?ckly could that come, and how disruptive within the for the rest of the market? >> if we look at what has happened, there has already been a notable rise in interest rates at the intermediate and long end. the flattening of the yield curve has not been good for fixed income portfolio investors unless they having careful and cautious, trading around, looking for opportunities in credits and so on. i think it will be increasingly difficult for fixed income investors to do well. we are looking at global bond markets where government bond yields are negative for more than half of the developed economies. that is not sustainable. in the united states, we have seen a rise in the 10-year treasury yield of 3%. can it go higher? we think 3.6% by the end of next year. we would be cautious in fixed income. it is not a large enough increase in interest rates to damage the economy substantially, but it can't hurt -- it can hurt fixed income portfolios. >> larry fink said if we go to a trade war bet

francine: maybe not. that is the point the market is looking at so we are not seeing that kind of movement. a lot of people saw this is trouble for theresa may. -- brexite oceans negotiations are pretty chaotic. even if they do a confidence and she comes out triumphant, it would mean that she can then have no leadership challenge for at least 12 months. david: in the united states, there is a saying that you can't beat anybody with nobody. boris johnson is probably the known member of parliament in the united states. but perhaps he is not as well-known as we thought. francine: we were trying to figure out who would replace theresa may, whether boris johnson would still have this kind of appeal and the public at large. his image -- >> boris is quite popular with the party, but nothing like he once was, and he was never that ability itself that's in the populace itself -- in the populace itself. francine: if you are theresa may you want to hold onto power, but if you are a challenger, do you really want the

francine has the day off today. halted the immediate threat of a government breakup in germany. she has crafted a plan to tighten migration to these are bavarian sister party. european countries are said to be at the breaking point over the lack of clarity for brexit. oneeting designed to decide the blueprint for the future was chip of the eu. betweenationship britain and the eu. ck holdings has agreed to buy out its partner. jen acquiring commerzbank's business. mobile blocked china market.tering its to raise rates towards the end of the year. frenchith us is simon and gorman. is it time that we see the expression raising rates? it has been in lockstep with the ecb. >> i think the strength or burgeoning strength on inflation suggests there should be a tightening trajectory to the monetary policy. i take issue with what some of riksbanke isthe likely to be implemented. an economy like sweden with such with thenks eurozone area to out of step with the ecb, this is a problem. if it is tightening policy, it is much mor

francine: theresa may is stamping her authority on britain's departure from the european union. is taking control of negotiations with brussels. that comes after months of tensions between the former brexit secretary david davis and brexit advisor. is it as simple as we will get a softer deal with the eu? >> we will see over the summer some intensive negotiations led by mr. robbins, the civil servant in charge of all of this. all under the auspices not of a slightly rebellious mr. davis, but all held very close by mrs. may at number 10. mrs. eu has rejected may's proposal. the chief negotiator for the eu said he would never accept her customs plan. it means the british prime minister has to go to the drawing board 12 weeks before a brexit agreement is due to be signed. what does michel barnier take issue with? >> what theresa may proposed is that brussels outsources its status collection to her tariffs and customs. there is simply no precedent of that of a country outsourcing its data collection to a third country. the eu says this is impractical. this will create bureaucracy fo

francine is still in helsinki.ulous in there is a little bit of heat here for prime minister may? nejra: she has jumped from the frying pan into the fire. she has a razor thin majority. she has pleased the eurosceptics and angered the pro brexit members of her party. tom: what was interesting was the uproar that the president the-- didn't bring up poisoning deaths. nejra: we will talk about it through the show. briefing,eed a news here is taylor riggs. taylor: president trump's refusal to condemn russian froming -- meddling came both ends of the political spectrum. that schumer suggested vladimir putin may have damaging information about president trump. the minneapolis fed president doesn't buy the argument that this time it's different when it comes to the yield curve. he wrote in a blog post there are few signs of overheating in the economy. he sees little reason to raise interest rates further and further. the fed chairman may given update on his thinking when he testifies before the senate today. theresa may's

francine: u.s. president donald trump has dealt a double blow to the prime minister theresa may on his first day of the visit. his comments on brexit are dominating the front pages, meanwhile protests are expected across britain as he visits. he says we may not get a trade deal because of the kind of brexit they go for. is it going to be really the case, or is it just a comment? >> no, i don't think he has a particularly strong grasp of soft brexit versus hard brexit, but he likes to put the foreign leaders he deals with on edge a little when he meets with them. there is kind of a broad -- i don't know if you are to call it a strategy -- a tactic i suppose, when he goes into meetings like this to make them a little uncomfortable. president trump: i don't know what they are going to do, but whatever you do is ok with me. that is your decision. whatever you are going to do is ok with us. just make sure we can trade together. that is all that matters. vonnie: jpmorgan kicking off bank earnings with a s

watch francine lacqua's complete interview with leaders with lacqua.ndonesia is expected to end a year of wrangling with the copper and gold mines. according to the indonesian finance ministry, a ceremony will be held in jakarta at 10:00 a.m. u.k. time. elements of the agreement were not included. the ceo of the venture partner rio tinto has told bloomberg he's keeping his options open. jean-sebastien: we have been very clear, and depending on the we may go as soon as there is something tangible. music streaming service pandora is teaming up to win over a new generation of listeners. you can share songs with friends to listen specifically on pandora. roger lynch said the move will help the company focus on ad revenue, and like rivals spotify and apple music that make money from subscriptions. music likel consume they do on terrestrial radio, which is a $16 ilion marketplace -- $16 billion marketplace. andorra is well-positioned for that. we think about spotify and apple for our subversion business to read 70% of our revenue is advertising, and that is