francine lacqua in london. check the movers in the market. >> one of the biggest gains this morning on the stoxx 600 after a report of a bid for their elevator unit. upside.he they are shipping some products to china. this is very positive for the chip space which has been under pressure give me trade war continuing in washington and beijing. to the downside, a high-level, the government is talking about concessions, they have a cabinet meeting last night at the transport minister going in said he would propose revoking their toll concessions. francine: thank you. let's get to the bloomberg first word news. downside risks have reinforced the case for lower interest rates according to federal reserve chairman jerome powell. this has market consensus is building the fomc will cut rates in the coming months. we asked james bullard about the size of a potential reduction. >> today, 50 basis points will be overdone, i do not think the situation calls for that. to 25. be willing to go things can change. is whathelmin

francine: thanks. president trump has hinted at a trade deal with the u.k., calling on britain to throw off the shackles of e.u. membership. desire tognal of his get on with the bilateral trade deal. he has been critical of the government's approach to brexit. maying with prime minister and other officials today, meantime, the inflatable trump baby is just being inflated next to the house of parliament. forwardsbackwards and between the president and the mayor of london as soon as president trump touchdown at stance said yesterday. he allowed the blimp to fly. we are expecting it to fly shortly. our european news editor, david, and margaret, previously president of the white house correspondents association. thank you all for joining us. get tot, europeans don't see the president firsthand very often. how did yesterday go? landedt: before he had there was a storm on twitter but the president has a healthy amount of respect for the queen and the tradition at buckingham palace and for the most part, it w

francine? francine: let's focus on mobile m&a. says architect been driven by transformational deals in north america. he says they are 25 deals worth more than $25 billion. what deals can we expect for the rest of 2019? , he leads thea team around the world focusing on m&a he joins me this morning. always great to have you. when you look at exactly what is going on in the m&a deal, is it because people are worried about where revenue comes from so they think bigger is better? companies that can find synergy and value? hernan: m&a remains the future of the markets. the dial-up with their clients are very good. our clients want to do deals. we look at the levels of activity in the market, i think it is very good. the market is down 12% or so. the first half of last year was the best in m&a markets. the market then decelerated last year, something that by the end of the year, we are coming pretty close in terms of activity to 2018. what is interesting to break down the activity, where what we find is essentially volumes in north amer

francine?t in the last hour or so, as president trump was arriving in osaka, terrible weather. we have seen a lot of these umbrellas. francine, we have to do a shout out for ivanka. no umbrella on her part. francine: she is tough as nails, absolutely right. some of the things we have heard from president trump, he was basically riled against these new indian tariffs saying they are unacceptable, he might put more tariffs on china, and the chinese economy is going down the drain. let's get back to stephen engle. isfeels like president trump rising and firing on all cylinders. is iran the biggest thing he will want to push through? does he want more support? he going to get more support? all the dignitary -- signatories are here that signed the landmark deal. president obama signed it for the united states. we have heard from sources telling bloomberg news that these world leaders who will be here will have emergency talks on the sidelines of the g20 to make sure the rhetoric does not escalate in

francine?e: it was meant to be a speech focusing on brexit but last night's lecture mentioned the house in the city of london was overshadowed by protest and shows mark field, a u.k. foreign office minister appearing to forcibly remove a female protester from the dinner. the issue will prove a test for the leadership contender during hunt who leads off the department. and the lord mayor of the city hosted last night's dinner and phillip bradshaw from amundi. welcome to surveillance. the footage is uncomfortable to watch. should he resign? >> that's not for me to say and mark to protest. in one sense it was uncomfortable and achieved what they wanted to do and asked them to leave because it was my personal house and i was having a dinner party. francine: kindly asked is different to the footage. were people talking about the incident and the fact it seems like it was pretty heavy-handed the way the protestor was removed. >> it is a big room and i didn't see the footage until this morning and the

francine: welcome to "bloomberg surveillance," i'm francine lacqua in london. stoxx 600 gaining. u.s.-chinacus on with renewed hopes. study.. 10 year yield , 53.7.il some banks putting into question on whether the saudi-russia alliance will hold. will bring you our exclusive interview with the editor of one of china's more combative state run newspapers. interview, onive how to compete with huawei on 5g. >> president trump is complaining the fed doesn't listen to him. this, after the deal with china central bank. they are expected to discuss if a rate cut is needed. the white house is weighing more sanctions against iran. go-between.ll be a france,likely sever germany and britain from tehran. that could exacerbate divisions between europe and the u.s. a helicopter crash in manhattan, killing the pilot. he wanted to return to the helipad, after reporting a problem. to crash landed into the roof of a building on 7th avenue in the rain. the mayor saying there is no indication of terrorism and there were no other injuries. global news 24 hours a day on air and @tictoc on twitter, pow

francine? francine: thank you so much. breaking news out of the boj.his is some of the purchases they are doing with the japanese bonds. the boj cutting its jgb purchases for july but is raising purchases on the shorter durations. will it have an impact on the curve? we will get that in a second. i'm actually going to do a price check on jgb. i don't know if we have it up, otherwise, i will bring up my terminal in a couple of seconds. the world's most powerful leaders are gathering in japan for a key meeting -- 40 meetings that may -- for key meetings. things to watch out for are rising tensions between the white house and iran and any progress in u.s.-china trade talks. president trump play down expectations earlier today. -- played down expectations earlier today. >> i am meeting with xi jinping tomorrow, as you have heard. there seems to be a rumor about that. who knows? i think it will be productive. at a minimum, it will be productive and we will see what happens. francine: for more, let's get straight to give on men in osaka, japan. osaka,vonne m

i'm francine lacqua.et's get to bloomberg business flash. >> renault's 20 year marriage with nissan may be in trouble. the implosion of the merger plans with fiat has brought the tension out. the japanese automakers were reluctant to endorse the deal cited as one reason for its failure. francis find -- france's finance minister said -- strengthen its alliance with nissan. cooper it is up -- >> it is up to renault itself. full responsible -- we have to give full responsibility to management. our priority is to strengthen the alliance between renault and nissan. francine: thomas cook is surging after a potential offer with its operating business. it said the board will consider any potential deal. the hong kong listed company is already thomas cook's biggest shareholder. any deal would exclude its airline business. anadarko will receive a golden parachute worth $98 million after the oil producers to the $8 billion sale to occidental's. the sale is a part of $300 million to be shared under -- shared between

francine? francine: thank you. washington is pointing the finger at iran over yesterday's tanker attack. ran has denied the allegations. command said at with iran would not be in our strategic interest. joining us is our managing editor for energy and commodities in the head of investment strategy at rbc. thank you for coming on. how should we read this? is this something that could actually escalate? we had tanker wars in the 80's. >> it is a concern this has happened twice in two weeks. what has got people in the industry rattled is that it has happened again right outside the straits of hormuz. there is a concern there is a concerted campaign. we have seen that cascade through the shipping market. insurance costs have jumped. some owners are wary of sending ships to that part of the world. but at the moment, it is nothing on the scale of what we saw in the iran-iraq war. francine: looking at the maps, is there any way saudi oil can be taken out of the region without using that strait? will: there is a pipeline.

♪ francine: what is the hold up?onald trump says he is the one stalling a trade deal with china and demands a return to terms negotiated earlier this year. takes an interest in axel springer, valuing the publisher at 2.8 billion euros. the streetss flood of hong kong to protest a controversial extradition brill -- bill. welcome to "bloomberb surveillance." conference, a bloomberg's flagship tech event in london. what comes to european stocks, the stocks are pretty much flipping globally. this is with u.s. indices futures also on the lower side. there is a sign that risk appetite may have overshot with trade concerns is still lingering. treasuries appear to be gaining with gold-yen also up. --ing up, we will speak that sit down with philip hammond, don't miss that interview. first, let's get straight to bloomberg first word news. a quote existential threat to the u.s., how joe biden cast president trump. president has weakened america's alliances and harmed u.s. workers. trump attacks of the former vice president, cal

francine: yeah.ple of opinion visas, tom, on the bloomberg terminal, one saying draghi is no longer taking it seriously. tom: well said. francine: european softserve kind of on the list. they are looking at trade. we are also looking at the renminbi and what it means for the china trade relationship, $53.3 for american oil. the first responder as the will economy went into trouble. many governors have decidedly turned dovish this week. so we asked, "mirror, mirror, on the wall, who is the dovishest of them all?" 1.2 5%, the r.b.i. lower, the key party rate, and european central bank, as we were just saying, extending its plan to keep interest rates at a record low. mario draghi said the ecb will not shy away from action to support the economy. finally, federal reserve chairman jay powell signaled it is necessary, a common theme far from an actual positive chan ge. here is what a few key people have to say. >> it is fair to say we have undone easing bias. >> the tariffs are affecting the entire nation

francine: big protests. the hong kong government suspends a massive bill after the magicians. -- after demonstrations. wilbur ross held just said a trade agreement can be done with china. the rivals battling to be next. boris johnson refuses -- more backing from pros. good morning, everyone. good afternoon if you're watching from asia. this is "bloomberg surveillance." i am francine lacqua. these are your markets taking a little bit of sideways trading. a lot of focus on central banks. we not only have the fed, boj at the boe of those extending monetary policy this week. we are following anything going on with oil. those tankers last week in saudi arabia being attacked. we will continue keeping an eye on what brent does. let's look at lufthansa shares after the company -- profit warning. lufthansa down 12%. coming up, we will bring you some of our conversations with bob swan. lifted to bloomberg first word news in new york city. >> a bloomberg scoop from the paris air show. paris -- airbus is said to have 1

francine: thank you.hu.et back to program started the with you telling me the markets or complacent about the risks out there. are they complacent with the ecb and the fact they may not have a toolkit to deal with the next downturn? banhu: i don't think the markets are complacent. what is priced into europe, you see the first hike coming in october, 10 basis points, the rate going to zero as of 2023. i do not think that is complacent. equities, valuation is lower in the u.s.. credit markets where the ecb is most focused on. market is aedit policy tool, they have done a good job. is whether low growth will harm the credit markets. francine: we are looking at live pictures of trump descending the steps of air force one with his wife. how risky is it the trump administration, after being in a trade war with china, going after mexico, goes after europe, germany in particular, because of the surplus? possibility.s a i don't think auto tariffs have been off the table forever. is possible we are in a situation i

francine: thank you.loomberg subscribers can get the latest on the story on our special live blog. just access the bloomberg terminal and type tliv. joining us for the hour to talk trade and oil is paul donovan, global chief economist at ubs and the chief investment officer at london in capital. paul, you were really in the news about the social media furor about something you wrote. issued ants, and i apology this morning and i reiterate i apologize to anyone who took offense for my remarks. i got it wrong. i made a mistake and i unwittingly used culturally insensitive language. i apologize publicly for that and am glad for the opportunity to reiterate. when you look at the dynamics of these oil tankers, do your models based themselves on a range? or is it too difficult to guess? the issue is the price of oil is very complicated. it is not just oil prices, it is what it is doing in different countries and taxation rates. so we tend to operate in ranges. it is one of the easier ways of dealing with fluctu

francine? francine: thank you, the anna. -- viviana. jinpingt trump and xi will meet at g20 for what they call extent talks. to say what trump had about it as kicked off his reelection campaign in orlando. >> i spoke to president xi, terrific president, a great leader of china. spoke to him this morning at length, and we will see what happens. we will have a good deal and a fair deal or not have a deal at all, and that is ok. francine: meanwhile, the u.s. may impose sanctions on turkey for buying a russian self-defense. the administration is considering three sanctions packages. the idea with the most support is the target of several turkish defense of these -- companies. the turkish president erdogan is likely to ask trump to back down at g20. so let's keep it on global trade and g20. joining us is our guest. thank you for coming on. trumpt know if president is planning multiple fronts or if it is just tweeting by storm for his election campaign. >> i think it is both, nothing particularly new. there is plenty on the agenda coming. he

francine: am i? tom: yes.it is a completely different game. -- game theory. stephanie: if history is any guide, the front runner never went. -- wins. tom:. stop. . boris johnson will not win based on history? stephanie: based on history, but history has not provided a good guide for us the last few years. they are in the process of changing the rules of selecting the tory leadership. that could impact it as well. more remainere are mp's up for grabs. they have yet to back the leader they will line up behind. i would not say it is boris johnson as a slamdunk. he is out ahead. given the fact that nigel farage is giving them such a run for the money, he is seen as a good campaigner, so he could win. 58% and 68% leave. i thought it was remarkable. we are going to really go to edmund shing right now about what we observed yesterday. let's cut to the chase. you know all of the greek letters. why were you, me, and everybody else apprise about what the chairman said yesterday? edmund: because he was quite forthright.

francine: thank you.omberg, we speak to the former ecb chief economist, peter price. don't miss that interview live, 8:30 a.m. live in new york. he will have something to say inflation. and this is bloomberg. ♪ >> is always, we will act as appropriate to sustain expansion, with a strong labor market and inflation near 2% objective. >> we are attuned to potential risks. if we saw a downside risk to outlook, that would be a factor that could call for a more accommodative policy. >> i'm nervous about low inflation rate. even though we expect it is temporary, that by itself could be reason for more accommodation. we will have to look at how things are evolving. >> mixed signals around china and europe. what is important for us is to keep an open mind and keep being data dependent. >> it is too soon to make a judgment as to whether we might or might not take action. i would rather be patient and let unfolding events. tom: talking too soon for judgment, maybe that has changed in the last 60 minutes as mario dra

francine: thank you for your time.pleasure. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. ♪ david: what does the moment of a lift refer to? melinda: if we can lift up all women, we will change the world. david: do you find sometimes a woman would say, take my child? melinda: it is heartbreaking. that is the story of women, many around the world. david: when someone called you, we are giving you $50 billion or $60 billion we did not expect, what did you say? melinda: bill and i took a walk and we both cried. david: when did you first meet bill? melinda: he said, a bunch of us are going dancing, why don't you c

>> hi, francine.ne of the people who really pushed the spd to join the coalition and if you look back you will remember that they were very much reelecting partners. this has people in berlin asking questions about how long this coalition will go on. there's another school of thought that says spd won't pull the plug on the coalition yet because they are pulling very poorly in germany -- they dropped another 5% over the weekend, now just ahead of the far rate afd. but of course with no leader in the party, this leaves a lot of questions as to where they are headed. they are meeting and we will know more this afternoon. they are likely to name an interim leader and not a permanent leader. >> who might replace her? well, that is the real question. the one person that a lot of people were thinking might be the likely candidate would be the finance minister. he ruled himself out as a candidate late last night and a lot of the names we are hearing are people who would serve on an interim basis -- local lea

francine: is this about trade or , or is it something bigger?ill rule the world in the next 20 years? john: i think we have learned it is definitely about something bigger. trade is the first chapter in the story and once we get past trade, there is a broader desire to see china contained in some way. i think we will move in a chapter that covers technology and maybe a bifurcation of technology and technology standards. taylor: another exclusive perspective on geopolitics this week came from australian prime minister scott morrison, speaking with bloomberg in sydney, he said that u.s. negotiations with china are indeed top of mind for nations approaching the g20 summit. but he stressed they are part of a larger network of global economic relationships. we are looking to them to put the broader global economic interests, which is what the g20 is all about. it is not the g2, it is the g20, and for those nations to create a context for broader global prosperity, of which they would be key beneficiaries, they would benefit more than anybody. the glo

-- francine: where would you put brazil?n mexico, you are buying it back, but how is brazil doing and how will it do in the next five years? jose: in the near-term there is a slow down a little bit. the government is taking the right measures and working on potential reform, which is very important to put the public finances in good shape for the long-term. .e clearly remain optimistic our bazillion unit is doing extremely well, as you know, and that will continue for the next few years. francine: you just launched a trading platform, is it affected by politics? jose: that is the way forward. we are in digitalization and transporting the banks we only have, and have launched global platforms to respond to our customers needs. it is a way to respond to new ways of competing with banks that are appearing around the world. francine: what makes you nervous about the world in the next 24 months? we talk a lot about trade, but is it central-bank policy? are investors over concerned about risks or under concerned? areas ofhink ther

he spoke with francine lacqua. engaged in a fairly exhaustive front to back review of all of our businesses. we did what you would expect every management team to do. we are quite confident and pleased with our business. ,here's areas for improvement and we have a plan, and we are executing to the plan. some peoplencine: say it has been a really difficult quarter for equities. what are you seeing? guest: it is a market trading more on political risk than on macro risk, and that is a difficult market for any trader to trade through. you see it in your preamble, in the context of what ecb and central banks are doing, and there is the overlay of tariffs, whether it involves china or mexico. so we are playing with a lot of political risk, which is difficult to trade through. francine: how do you adapt to these ever-changing politics? stephen: i think the mark of any good trading business is its ability to be agile and its ability to respond to a different set of circumstances, and ultimately be responsive to what clien

nara j it in for francine. markets moving today, old higher.nger yen and weaker dollar. that was missing over the last few days. new u.s.iran calls sanctions against that's supreme leader futile and warns they have closed the path to a diplomatic future. they denied him access to financial resources. john bolton says the president opened the door to talks if iran wants to end its nuclear weapons talk dutch program. dutch program. so-called war risk premiums for cargo in the persian gulf can moreupwards of $500,000, than 10 times what it was earlier this year. six oil and fuel tankers have been attacked in the region. over to the west bank where palestinians demonstrated over the plan to raise tens of billions of dollars, calling it so they will give up their hope of an independent nation. the white house is rejecting a congressional request for a presidential advisor kellyanne conway to testify. week, they urged should be fired for violating the hatch act, conducting politics business while acting in a position. the white house says no. global

francine: is that for the rest of latin america as well? the impact? how are you doing in the near term? jose: the government is working on a date for potential reform, which is very important to put the public finances in good shape for the long term, so we remain optimistic. our brazilian unit is doing extremely well. we think that will continue in the next few years. cfoie: that is santander's speaking exclusively to francine lacqua. let's check the markets now. we have been diverging, with the s&p and dowand the jones up. lipstick a quick look under the hood of the dow -- let's take a quick look under the hood of the dow. most of the stocks are higher, but a couple of banks and boeing lower as well. up next, we will speak with the global head of automotive research at evercore isi. he just downgraded window and fiat chrysler -- downgraded renault and fiat chrysler following the breakdown of. talks between the two this is bloomberg -- the breakdown of talks between the two. this is bloomberg. ♪ vonnie: from new york, i'm vonnie quinn. guy: in london

francine: and so what does it mean for your business?u adapt to this ever-changing politics? do you diversify? do you need to change your business? stephen: well, i don't think you need to change your business. any good trading business has the ability to be agile, the ability to respond to a different set of circumstances, and ultimately to be responsive to what clients are looking to do. we are in the end intermediaries of risk, and that changes based on political and economic circumstances, and so we stand ready, as we have for a long, long time, to intermediate risk among our clients. francine: talk to me about the credit card type with apple. is it actually going to make money for you? stephen: it will make money. it is an investment, obviously, in terms of the investment in the product. it's a new product for goldman sachs. but over the long term, we view it as a very profitable business, and the tie up with apple has had a number of different benefits for us. ♪ juliette: you are watching "bloomberg best." i am juliette saly. let's

francine: is that worldwide, or in the u.s. and china? >> it is a worldwide thing.rope experiencing reasonably soft economic conditions. there is a different reason for postponing investment in the u.k. the u.s.-china trade tension is the dominant economic theme affecting sentiment everywhere. francine: is this about trade or something bigger? who will rule the world in the next 20 years? >> it is about something bigger. trait is the first chapter in this story. -- trade is the first chapter in the story and once we get past trade, there is a broader desire to see china contained in some way. i think we will move in a chapter that covers technology and maybe bifurcation of technology and technology standards. another exclusive perspective on geopolitics this week came from australian prime minister scott morrison, speaking with bloomberg in sydney, he said that u.s. negotiations with china are indeed top of mind for nations approaching the g20 summit. but he stressed they are part of a larger network of global economic relationships. them to putoking to the broader

francine: welcome to "bloomberg surveillance," i'm francine lacqua in london.

vice president, i am going to bring up francine jefferson. francine? >> thank you for taking my question. i am from rural indiana -- i am here with a pastor from rural indiana who lives on the banks of the ohio river, the most contaminated river in the country. i am here with my family from the flawed lands of mississippi delta where doc -- flood lands of the mississippi delta where dr. king launched his poor people's campaign. the poorest county in the nation. recently, we had a flood that destroyed homes and fields, left crops devastated, and we have seen almost no governmental help . we have held the title of poorest county in the nation for a long time. but we are living in the richest nation of the world and we are the poorest county. there are a lot of places like this all over the nation and we are experiencing real national emergencies. is -- first, i have to say to you, poverty hurts. high poverty in the united states is morally corrupt. but it is fixable. my question is how will your administration respond to the increased threat of natural d

francine: talk to me about the credit card type with apple.y going to make money for you? stephen: it will make money. it's an investment, obviously, in terms of the build. our investment in the product. it's a new product for goldman sachs. but over the long term, we view it as a very profitable business, and the tie up with apple has had a number of different benefits for us. ♪ juliette: you are watching "bloomberg best." i am juliette saly. let's resume our global tour of the week's top business stories. blackstone bets $18.7 billion on urban logistics properties. the warehouse is used by amazon and other retailers to fulfill orders from online shoppers. the deal with singapore's gop will almost double blackstone's u.s. industrial footprint. >> this is a company that is no -- now the world's largest landlord, trying to invest money, and they have lots of it at the moment, therefore it is very difficult. is this an indication that blackstone is only going to be looking at massive, massive deals? it needs to get these kinds of deals done and

stay with bloomberg television. ," next, it is "surveillance with francine lacqua.ading over to bloomberg radio. this is bloomberg. ♪ francine: washington's warning to iran. trump calls of airstrikes. mike pompeo heads to the middle east. election shock inestimable. aesident erewhon is dealt stumbling blow. a rideime is unlucky is for dimers new chief executive. -- dimers new chief executive. welcome to bloomberg

francine: the u.s. president warns of billions more in tariffs if trade talks unravel at the g20.year treasury yields to 1.75%. will we see more weakness? democratsata, and tussle on health care, the economy, and immigration. there is a second debate tonight to face donald trump at the presidential election. good morning, everyone and welcome to "bloomberg: su

"surveillance" where francine lacqua will speak with andrea ulee -- illy.view. this is bloomberg. ♪ francine: pompeo blames iran for yesterday's tanker attack. billionaire money manager jeffrey gundlach says the fed will not cut rates this week that sees up to four reductions this year. contenders to be britain's prime minister. contends to be britain's prime minister. welcome to "bloomberg surveillance." these are your markets. a lot of the focus is on crude oil in america.

francine: looking at the d-day commemorations, 75 years since d-day.president trump addressing the crowd scattered there. to put it into perspective, the sacrifice in normandy, 75 years of european freedom and prosperity. tom: the two presidents walking down to the cliffs above omaha beach. truly extraordinary. what is so amazing is those of us with a collective memory of ronald reagan in 1984, and our time has moved on, over 40 years. truly extraordinary. as the two presidents try to understand the sacrifice that was given. ♪ juliette: you are watching "bloomberg best." i am juliette saly. fed officials descended on chicago this week with investors looking for signals of possible rate cuts. we sat down exclusively with dallas fed president robert kaplan at the conference. he told us the fed is on high -- the central bank is on high alert as a result of trade tensions. mr. kaplan: i think it is really -- early to make a judgment on that. we are going to be very vigilant about understanding these heightened trade tensions, see if they feed through to th

francine: welcome

francine: looking at the d-day commemorations, 75 years since d-day.dent trump addressing the crowds gathered there. to put it into perspective, the sacrifice in normandy, 75 years of european freedom and prosperity. tom: the two presidents walking down to the cliffs above omaha beach. and truly extraordinary. what is so amazing is those of us with a collective memory of ronald reagan in 1984, and our time has moved on, over 40 years. truly extraordinary. as the two presidents try to understand the sacrifice that was given. ♪ ♪ juliette: you are watching "bloomberg best." i am juliette saly. fed officials descended on chicago this week with investors looking for signals of possible rate cuts. we sat down exclusively with dallas fed president robert kaplan at the conference. he told us the central bank is on high alert as a result of trade tensions. ♪ mr. kaplan: i think it is early to make a judgment on that. we are going to be very vigilant about understanding these heightened trade tensions, see if they feed through to the economy, most important the

. ♪ francine: trump's trip. james says downward adjustment maybe want concern. billion in value from backstock. welcome to "bloomberg surveillance," i'm francine lacqua in london. these are your

another neighbor said he was opposed to go fishing with tom on sunday saying is francine just find the last time they spoke again. >>the rams them you know seen thing into anger is finally manifested into like actions like this we know we to talk about it until. the anger becomes destructive. >>san jose police were not available today to comment on the relatives assertion that the v said dispute was the motive for all of the violence here meantime the county coroner has yet to formally identify any of the victims live in san jose rob fladeboe kron 4 news. >>showing graphic body. cam video of a deadly police shooting in walnut creek, a 23 year-old man was shot and killed earlier this month. the man's family believes that officers used excessive force and forcefully to call spoke with the man's attorney who says the shooting. >>was not justified. >>for the first time since his 23 year-old client miles hall was gunned down by walnut creek police on june second this young man should not be day civil rights attorney john burris reviewing the body camera and surveillance video of the shootin

another neighbor said he was opposed to go fishing with tom on sunday saying is francine just find the last time they spoke again. >>the rams them you know seen thing into anger is finally manifested into like actions like this. we don't to talk about it until. anger becomes destructive. the san jose rob fladeboe kron 4 news. >>a grand jury report finds a triple digit increase in violent crime on bart, a whopping 115% jump over the last 5 years and forced more and kelly talked to the president of the transit agency's board of directors about what's being done to address the problem. these numbers are concerning. >>bart board president bevan dufty says much of the triple digit increase in violent crime stats over the last 5 years is actually driven from cellphone baths but that doesn't mean he disagrees with the grand jury's findings which calls for stepping up the hiring of police officers, i'm going to say that they are right. >>and what they point out is wrong. he points out they just approved a budget with the biggest increase in public safety spending in more than 20 years which ad

hsbc ceo john flint joined francine lacqua on stage for an exclusive conversation.global trade tensions, starting with the impact on business and economic growth. ♪ see a can definitely postponement in investment decisions because there is weertainty, and the longer don't know, the longer the tension continues without a resolution or certainty, i think the greater the potential that this postponement in investment will accelerate a slowdown. >> is that worldwide, or is it particularly in the u.s. and china? >> i think it's a worldwide thing. we already have europe experiencing reasonably soft aonomic conditions -- there's different reason for postponing investment in the u.k. the u.s.-china trade tension is the dominant economic theme. >> is this about trade or is this something bigger? is it about who will rule the world? >> i think we have learned it is definitely about something bigger. trade is the proposed a chapter in this story but when we get clearrade, i think it is there's a broader desire to see china contained in some way. i think we will move into a cha

francine: big protests.t suspends a massive bill after the magicians. -- after demonstrations. wilbur ross held just said a trade agreement can be done with china. the rivals battling to be next. boris johnson refuses -- more backing from pros. good morning, everyone.

. ♪ francine: fed chair jerome powell reiterates the case for lower rates is growing, but james bullardtoo much. , morequidity problems than 5 billion in assets is pulled. trump meets with xi jinping at -- this weekend your weekend. good afternoon, everyone. this is "bloomberg: surveillance."

is quiet here now another neighbor said he was opposed to go fishing with tom on sunday saying is francine just find the last time they spoke again. >>rams them you know seen thing into anger is finally manifested into like actions like this. we to talk about it until. anger becomes destructive. the san jose rob fladeboe kron 4 news. >>foster city man has been arrested after sheriff's deputies found illegal guns in his home, they say he had glock switches assault pistol sites all pistols rifles, even at a machine gun with a silencer and a grenade launcher attached. investigators say the suspect just of homes illegally modified some of the weapons. officials got a tip that he had obtained the glock conversion switches those allow pistols to be fired an automatic mode. holmes case has been given to the contra costa county da's office. new video tonight of shows are just graphic body camera video of a deadly police shooting happened in walnut creek, a 23 year-old man was shot and killed earlier this month. the man's family believes that officers used excessive force on force the leisure golf

francine: room to maneuver, the pboc governor tells bloomberg that china has more tools to fight.mike pence warns mexico tariffs are coming, talks continue today. and the road to recovery, crude extends a rally. we have been speaking to industry leaders in st. petersburg. good morning, everyone. welcome to "bloomberg surveillance."

. ♪ ♪ francine: what is the hold up?he one stalling a trade deal with china and demands a return to terms negotiated earlier this year. takes an interest in axel springer, valuing the publisher at 2.8 billion euros. the streetss flood of hong kong to protest a controversial extradition brill -- bill. welcome to "bloomberb surveillance." i am live at a

francine lacqua is at the emerging and frontier forum here at our london headquarters.