why and how important is the congo for glencore?o is an extremely important country for glencore. congo isof copper, the copperart of glencore's operation and cobalt, which is a hot commodity. with the electric car revolution and glencore has been vocal in getting -- touting cobalt from the congo and how it can take advantage of this electric car and battery demand. shery: glencore has had many legal challenges in the last few years. they have been distancing themselves from the russian oligarch. tell us about the background and how much this will add to the challenges. >> in a sense, it shows this is an ongoing legal nightmare for glencore. you have seen bribery investigations earlier into ger joseph, those of -- investors may think it may speak to the risk of the ss model for glencore, they made a lot of money going into places other companies would be concerned about going in. perhaps, a could be viewed at glencore's strategy of doing business with perhaps difficult people in difficult areas is backfiring. david: that is part of

glencore is committed to being in the congo., which should be a good news story for glencore, looking more complicated. nejra: complicated and so far all parties have denied wrongdoing. are we expecting a response beyond that from glencore? >> i do not know, difficult to say. they have not given one so far and it is difficult for them to comment at a preliminary nature. they do not know what the allegations are. glencore shares are listed in london and so they can do this investigation. as we go to the close of equity trading in europe, let's look at what equities are doing. andness on the stoxx 600 that is reflected across the benchmark ftse 100 andcac 40. and dax. europe --face, the the 10 year italian yields are surging. this is bloomberg. ♪ ♪ nejra: from bloomberg's european headquarters in london, i am they retreated. acquisition -- nejra cehic. equities finishing up, weakness equities finishing up, weakness coming through on the stoxx 600, it has been treading water and struggling for direction this week. across the region

vonnie: i have to get your thoughts on glencore.elling not a lot, but i wonder if your conviction is going down a little bit with glencore with all the scandals surrounding it. david: no, we don't think there is a lot of scandal surrounding it. there is a lot of issues surrounding in particular what is happening in africa and their partners and the government, etc., etc. congo, of course, is not an easy place to do business. a lot of these places -- even indonesia, a lot of these places are difficult to do business for the national resource companies. having said that, it is still a major position. -- the company's share price is extremely volatile. you will see us trimming and adding depending on the volatility of the share price. we believe that the position in copper is very strong. good long-term position. of course the trading arm continues to go strength to strength. we see glencore as having a lot of upside, and its operations continued to do quite well, especially as we see a firming and actual resource prices full stop howe

glencore is down. not selling as well as hoped. being draggedis down for richemont. keep an i on uber soft. -- on ubi soft. really outperforming on the stoxx 600. i have to shine a light lastly on italy. this has been a week of italian volatility. the league, the five-star movement, joining together to form a government. there has been a slashing of taxes. this has been the worst week since 2015. that thisis thinking yield spread over germany could continue to widen. for more perspective on the global market and what might be next, we are joined by the director of global macro. it is a different year from last year. what is the global theme most on your mind these days? >> the global economy, even though it is strong, the growth rate has clearly peaked. in the u.s., we get this other shot of growth coming from tax cuts, and we have this reset going on. the market was on a one-way run higher over the last two years. record low volatility, but now the central bank theme is very much in play again, and to me, the markets come down to earnings and interest rates. in the

in the year of the village the relocation glencore reach profits of two hundred forty billion u.s. dollars. for the people of the fight for survival and the ongoing conflict with the mining companies continue. since two thousand and twelve multiple new black coal power plants have become operational in germany in europe a further eighty new power plant units a plan for operation. each year one point five million people worldwide a force to resettle due to the mining of coal and other natural resources. click click. click click. click culture. call a hair. color superman. superfood stylish dialogue. to lead a. lifestyle you're a. good. thirty minute. we make up oh but we watch as the conflicts that fund education we ought to seventy seven percent. want to shape the continent's future. particularly enjoy an answer to youngsters testing share their stories their dreams and their challenges. to seventy seven percent to keep the platform for charging. a blessing and a curse the force of nature an inescapable fate. monsoon slave tropical jungle forest she'd like to claim as the sole focu

alix: glencore hitting hit -- getting hit on potential inflation.♪ >> this is "bloomberg daybreak." if you are short, italian equities are happy. unchanged off high sessions. italian is down by over one percent. you have a coalition government, a populist government, but the market not taking kindly. you can see that reflected. yield higher by eight basis points on a 10 year as a spread continues. euro-dollar a little weaker, but modestly. heart of that is due to significant dollar strength. yields here in the u.s. had a at week, but tread nowhere just over 3%. crude having its longest winning streak so far for a weekly gain since 2011. 2000 11,s oil back in now is the highest since 2014. that will be a geopolitical risk story. we have the latest upgrade to oil prices today. david: let's turn to bloomberg business flash -- kailey leinz first word news. trumpording to a administration official, beijing has offered to reduce trade gap increasing trade. no such offer was made. the two sides resume talks in washington today. in florida, there has been a

services and i've just seen of being significantly professional glencore to hear you are british petroleum also here if they are investing in ghana it means that it's good business is. business so that influence has been very very positive traffic. ten years ago made about a fifty. dollar investment in their facility that enabled us to get. it in scene and get production show through some pipelines and. this is a fine example of the swiss presence these morning platforms and. the main deepwater seaports capital traffic built them in two thousand and six. games of security human energy qana manages them. this infrastructure allows large vessels drawing more than ten metres to one load their oil product without having to talk. very critical. about the. stream to make it. so that has been constructed i mean for. the company had a ten year contract with each invested in and maintained the facilities using them mainly for its own oil tankers and levying a tax on competitor to platforms reverted to the canadian government in august twenty sixth seen so everyone is getting a slice of the pie but

right we are very dependent on the services and i have to see there being significantly professional glencore to hear you are british petroleum also here if they are investing in ghana it means that it's good business as. it goes business so that influence has been very very very positive traffic guru i think some ten years ago made about a fifty million dollars investment in their facility that enabled us to get vessels in scene and get the drugs onshore through some pipelines and. this is a fine example of the swiss presence these morning platforms and. the main deepwater seaports capital traffic gura built them in two thousand and six. millions of century human energy can manage them. this infrastructure allows large vessels drawing more than ten metres to one load their oil product without having to talk. very critical for gone above and that would have happened just stream to making products available so that has been constructive i mean for. the company had a ten year contract with ghana each invested in and maintained. the facilities using the mainly for its own oil tankers and levying

the qatar investment authorities stepped in after consorting between glencore and told they would note original deal. withove links and qatar moscow while it faces isolation from saudi arabia and other gulf countries. this is bloomberg. ♪ ♪ sydney onis 8:30 in monday morning. markets have opened and 90-minutes time. looking at .6% higher. betty: carry on from that rally here in the u.s. it is 6:30 p.m. in new york. let's get to first word news with haslinda amin. haslinda: presidential lawyer rudy giuliani said he is leaning against donald trump, introducing special tells her robert miller in the investigation into possible russian meddling. giuliani said discussion would be a trap and asked for it to be shut down. he said trump would not have to comply with a subpoena if robert mueller issues one. two days from trading sessions, and this in beijing friday to keep on talking and little else. wasa is the consensus reached on some issues on acknowledging major disagreements on others. wasident trump repeated he that spawned fairness in trade. -- he wants fairness in trade. strikes and e

making money again on reebok that's what our turnaround plan is about >> in other corporate news, glencore expects trading profit at the upper end of its forecast range after posting first quarter output in line with expectations the mining company says production is in line across all commodities. >>> and logitech shares are jumping after reporting its best ever fiscal year sales growth in the gaming and video collaboration units helped boost sales for the period by 16%. logitech also confirmed its fiscal year 2019 outlook and hinted it could raise its growth margin target in the future. >>> spotify plunged in extended trading after reporting its first quarterly earnings as a public company they disappointed investors because they cannot turn free listeners into paying subscribers at a faster pace the swedish company said paid subscriptions for the second quarter would be between 79 million and 83 million first quarter revenue also missed analyst expectations. >>> and tesla shares fell in extended trade after elon musk dismissed analyst questions during a first quarter earnings call the s

send your comments on social media. of 100 leading shares. including anglo american, glencore and riovidence to mps about brexit this morning. to mps about brexit this morning. on the border between the uk and the republic of ireland. republic of ireland. new checks and controls at the border. border. uk government has made it will stand by that. what do you mean by no new checks? checks? the day after we leave, a second lorry being stopped? second lorry being stopped? is that a new check? we're using all these terms. terms. you didn't really answer the question about a hard border. question about a hard border. a camera are there will be no new cameras. cameras. will be no new physical infrastructure. infrastructure. the weather forecast is that you next with simon king. ready across northern ireland we are sunny spells. sunny spells. this is the beautiful scene at the moment in cumbria. scene at the moment in cumbria. scotland and northern ireland also sunshine. sunshine. moving its way down towards the saudis. saudis. some fresher cooler conditions coming in behind it. coming in be

as a result shares in mining companies like glencore, anglo american and rio tinto rose.urists who flock to maya bay are now a threat to the coral and sea life around it. newsbeat‘s steve holden reports. in the film, leonardo dicaprio's character, richard stumbles across paradise. in reality, it's now become an extremely busy paradise. thousands of tourists descend here on maya bay on koh phi phi every day and getting that photo to make it look like you're the only one here, well that's tricky. camera shutter clicks we came here, we didn't think it would be this busy. but it's still really good, isn't it? yeah. have you managed to take a photo, where you're the only ones in it? no! so, that's what we're trying to do now, near the long—tail boats, it's so difficult. you can see it's so busy. most tourists only stay for a couple of hours before leaving on one of the many boats that dock here. but environmentalists say that is damaging what's under the water. a decision was made earlier this year to shut maya bay from the beginning ofjune. when it opens four months later, th