greg banks: mr.up to that car. he opened the door. he looked him right in the face, and at a distance of less than four inches, used a 380 semiautomatic handgun to put a bullet between his eyes. josh mankiewicz: the prosecutor began by calling the one person that police still believed knew more about this case than she was saying-- the state calls brenna douglas. josh mankiewicz: --brenna douglas, the dead man's widow. on the stand, brenna identified a picture of peggy thomas and said they used to cut hair together. in 2003, she said, she rented a house from peggy. greg banks: did you two become close? brenna douglas: yeah, we'd talk. it was just girl talk stuff. greg banks: did you talk about personal things with her? yeah. josh mankiewicz: according to brenna, her rocky marriage to russel douglas was among the things she talked to peggy thomas about. brenna douglas: he had a lot of issues-- throwing furniture around and different things. and how he treated the kids and i, it just wasn't ok. greg ba

central banks by in large are independent institutions i think the markets know that. >> greg, we'll come back to you in a minute. first a look at second quarter net profit at deutsche bank, which did fall 14% but beat expectations at 401 million euros. revenue roverrecovered and came flat dws, which was spun off from the german lender cut its 2018 inflow target. it says it remains committed to its 3% to 5% net flow target in the medium term. let's get out to annette in frankfurt. kicking off with deutsche bank here a lot of the details got released in the pre-release earlier, that's when we saw the stock pop. what do you think investors will be asking today? we know the new ceo has made big efforts to keep cost cuts going forward. are many people still asking questions about how to expand business in certain areas? >> yeah, that's clearly the case the big question mark when it comes to deutsche bank is how they want to boost revenues. clearly looking at the cost, income ratios, which stands at a high percentage ratio of 87%, it is far too high compared to its peers. so of course the

greg swenson is a partner at the merchant banking house brigg macadam. nice to see you, welcome.e been fascinating given the two departures yesterday, the four great offices of state in the uk, prime minister, chancellor, foreign secretary and home secretary, all held by ministers who voted to stay in the eu. they are having to sell a plan they did not vote for. it is ha rd plan they did not vote for. it is hard for a party to govern if they don't believe in their own policies, so don't believe in their own policies, so the government philosophy is perhaps in conflict with lots of the mps who were very much pro—brexit, and hard brexit. we will see what happens when this has to go through parliament. where does this leave the plan we heard about on friday, that was to secure future trade relations with the eu, particularly on goods. not much detail yet on services. we will see the white paper. 80% of the economy is services and so much of the trade agreements made globally for services. i think they are right, at least to date they are ignoring the important bits. they have not pr

greg: i think it's a big concern. traditionally we want , andendent central banks the central bank is not by various political measuresthe key reason you don't want that is because prior experiences where there has been a political influence on the fed have generally led to a dna kring of the fed -- has led to oring and you generally lead to a higher inflationary environment. the recent example of turkey is a great example where there has been a complete collapse of the currency, bad policymaking that goes hand-in-hand with political influence from erdogan. haidi: thank you so much for spending time with us, greg daco . remember bloomberg users can interact with the charts and browse recent charts featured on bloomberg tv. you can save the charts for your future reference. this is bloomberg. ♪ ramy: welcome back. haidi: you're watching "bloomberg daybreak: australia." a quick check of the latest business flash headlines, qualcomm is said to be in china for less this talks a wristers suit of a semiconductor company. chinese regulators have been taking part of the past few days. the deadline for the $44 billion deal exp

greg: when you think about what is happening with the u.s. relative to major central banksthe world, the u.s. is above other central banks. we think the u.s. is somewhere between 12-24 months ahead of the other central banks when it comes to tightening. matt: that is interesting, because if i look at my wei screen, we just showed the s&p 500 up 4.2%. for european investors, it is obviously a bigger gain, close to 8.5% because of the strength of the dollar. do you see european investors considering to buy into u.s. stocks as a result? we do believe there will be continued buying because the u.s. of the economy is quite robust. when you think about what is happening, we do think earnings growth in the u.s. has been unbelievably strong, and that is really propelling what we are seeing in the equity markets. valuations,k at u.s. equity market valuations have been scrapped -- stretched. when we think about when we are counseling investors in the u.s., we have been encouraging them to start looking outside of the u.s. when it comes to investing in equities because valuations look

. >> greg: i wouldn't mind it so much. when you are calling your banktions that you can't remember the questions because you don't remove the password. i get the feeling they derive pleasure from it, like the angrier you get, the more they just kind of go we are going to ask you another question. they should be more supportive during the frustration. >> dana: give me a hint. >> greg: my password is unicorn 5,000. but you don't know my accounts. >> jesse: do you have one password? >> dana: my niece works in cybersecurity. she hooked me up. >> greg: jasper? >> dana: my passwords are computer-generated. you don't know what they are. i do think where we are headed is it's going to be face recognition, and that will help for this problem but it has so many problems and i would love to do a segment on it. >> kennedy: i have face recognition on my phone and it doesn't recognize my face half the time. but you are right, that's what it's going to go to. thumb prints and retina scans and all that stuff because people are getting so sick of this that technology wi

the bank of england is expected to raise its key rates despite uncertainties surrounding greg's it. farm payrolls numbers for the month of july on friday. alix: the big week for central banks kicking things off with the bank of japan. joining us is troy gayeski and stephanie flanders. her recent interview with mark carney is the cover story for bloomberg markets magazine. we will talk about some of that interview. troy, you can see what's happened to the 10 year yield over in japan. 1/10 of 1% is where it sits. as a traitor, investors, what do you need to watch for? troy: if you see material moves higher, a basis point or two is not considered a material move in japan, perhaps we will see a steepening of the yield curve in europe and the u.s. one of the reasons we have an artificially low back and of your curves is because of central discontinued central bank intervention. , ecb isoj starts moving going to be tapering more aggressively predicting future hikes. if the fed continues on their path we could see the yield curve steep and backup. alix: it's hard if you like that is a huge

markets just don't seem to be moving just yet. .hank you so much, greg we always appreciate your insights. coming up, a warning shot at bankck. -- advising investors to ditch the big tech names. this is bloomberg. ♪ julie: too much love for tech. warning toout a investors to exit facebook, apple, amazon, netflix and google. the so-called faang. is there something there this time? some charts with us ahead of a busy earnings week. earnings, there doesn't seem to be a lot of concern. >> one thing i would like to pull up is these threads between the implied volatility versus calls. we have is the top panel. alphabet.ebook, those are subdued slightly. the skew on qqq q is elevated. it is like strategists are saying there might be some danger in tech but certainly not the stocks i know and love. lisa: nobody wants to admit there is actually danger. you can see people bidding up the stocks. this chart you brought is telling. it shows why people ought to be more concerned. explain what we are looking at. >> this is the heart of the case. and thethe forward spread at the bottom, the highest since 2008. >> the valuation gap between

greg palkot, thanks. a former i.t. aid to congressional democrats has pleaded guilty to bank fraud. pleaded guilty to making a false statement on an application for a home equity loan. once worked for congresswoman debbie wasserman schultz among other lawmakers and was investigated for possible cyber breach. investigators determine federal charges were not warranted in that probe. congress sets another date with fbi agent peter strzok over his anti-trump text. this as a senate panel announces it agrees russia preferred a trump rather than a clinton presidency. catherine herridge joins us live with more. catherine, good evening. >> thanks, good evening. the senate intelligence committee released an unclassified report backing up the 2017 intelligence assessment that found restroom wanted to down damage the liver clinton, harm or elect ability and over time the russian government developed a clear preference for donald trump. when the report was released in 2017 there was some daylight between nsa, the fbi then led by director james comey, and the cia, then led by director john brenna

bank records. joining me to talk about this case, former u.s. attorneys gregugher and dan goldman, msnbc legal analyst. this trial is happening, one trial of two that paul manafort faces. your sense of what we can expect as this gets under way this week. >> so this is the tax fraud and mortgage fraud angle. this is not the angle related to the unregistered foreign agent or money laundering or any of manafort's activities in connection with ukraine in the 2014 and preceding that. so this is what i would argue is the duller of the two trials. this is going to be a heavily documentary trial. there are going to be a lot of tax records and essentially what the government has to show is that manafort funneled this money from his activities in ukraine and did not disclose it and did not pay taxes on it. and then at the tail end in 2016 and 2017 when the money dried up, he used the properties you mentioned in the lead-in as collateral to get loans, except he lied on the loan applications. so that's essentially what this trial is about. i would expect to see a lot of t

greg papa. ♪ the kenya tea development agency is an organization that is owned by tea farmers. every week we sell this tea, we get paid in multiple accounts. we were looking for a banko provide a safe and efficient technology platform to pay our farmers. citi was the only one that was able to ensure that this was done seamlessly. and today, at the touch of a their standard of living. with citi, we see a bright future for our farmers and their families. ♪ hit the road. not only the hottest team in baseball -- the a )s are now jut 2.5 games out of a playf >>> fresh off bragging rights hoerv giants, the a's hit had road. >> sell out crowd. it was fun oo watch. a pa's are now just two 1/2 yoff spot. i inx tks a lot kaesh the a's -- the a's waste no iem. they whip had it rangers 15-3. >>> greg papa was unceremoniously fired last week. today papa explained why on our sister station. >> i gave a speech and i firmly believe that mike shanahan caninate coach the oakland raidersers. bottom line is this was an act of vengeance to removeas the voice of the team. hat is the choice they made. they will move on, i will move on. >> and papa was in near tears when he was explaining

as donald trump's comments about the central bank, displeased with the rate hike trajectory, as well as a strength of the dollar. let us get more from gregullivan, our bloomberg washington reporter. the white house was quick to issue a statement saying that the president does in fact support the fed's independence. but these comments seem to be trampling over that, don't they? greg: that is correct. they were quick to go into damage control mode, the spokeswoman saying that trump said he was letting them do what they feel is best, even as he was voicing discontent with the rate hikes. the white house spokeswoman also said that president trump's feelings on rates and rate hikes were long-standing and well-known, and would not play into any kind of fed decision. but we know that central bank independence is held up in developed countries as very important. you don't want central bankers getting into the political area. so thi any future action could be criticized after these comments from being trump influenced. they do seem to be in line with his willingness to this regard precedent, and his -- disregard precedent. that is likely to play

greg: a problem with facial recognition. what if you look a lot like someone. i will be able to access brad pitt's bankjesse: i will get hit for fines for david schwimmer running red lights. >> juan: here's what surprised me. they can go into a supermarket. jesse is in the supermarket, buying soup. they can see that's jesse watters. that's jesse watters. he likes campbell soup. if you give him a discount right now, jesse will buy more. you think, why are they doing this? why are they using the technology? >> jesse: they are doing it to make money. 2 minutes later there is an ad that pops up that exactly what you're looking at. >> greg: it is so embarrassing. [laughter] >> jesse: especially at work. >> juan: what were you looking for, greg? >> jesse: i like it for terrorism. i could see putting it in airports or train stations or times square but you can only use it to fight terrorism. i don't like it when you can get hit for jaywalking or running a red light. i like the cat and mouse with police. they should be able to catch you running the red light personally. they shouldn't be able to use red light

greg. >> sure thing. >>> lawyers for former trump campaign chair paul manafort are asking a federal judge to delay his trial on bankes, set for later this month. they also want to move it from alexandria, virginia to roanoke, citing pretrial publicity. manafort lawyers argue that the negative media coverage and the fact that alexander voted for hillary clinton in the 2016 election would make it hard for his client to get a fair trial. they also claim it has been difficult for manafort to assist in his own defense since being thrown in jail after having his bail revoked on charges of witness tampering. when that happened last month, the president tweeted, quote, wow, what was tough sentence for paul manafort, manafort's lawyer says that's to hurt their client by, quote, incorrectly suggesting he had been sentenced for committing a crime. >>> republican congressman jim jordan is back on the hill as allegations of his knowledge of sexual abuse at ohio state university are mounting. "the washington post" reporting a seventh former osu wrestler has come forward alleging jordan knew about the team doctor's inappropriate

greg methaye is here meeting with various companies and investments. it is not just media moguls here we have the uber ceo here along with soft bank's ceo we were told yesterdayhat he's interested in artificial intelligence companies and not worried about the triple war with china the big panel this morning happening right now is with bobby kodak, michael bloomberg and barry diller it will be a busy day. we'll have lots more from sun valley. >> those arrivals never get old, julia. you can tell it's a little chilly there, too. julia borstein up early to bring us guests from sun valley. walter, allen and company is inconsequential, do you think it will make a ripple effect regarding disney and comcast >> sure. i would love to be out there with julia today because that's really, other than the nato summit, an amazing c conglomeration of people to be competitors or coop ray or th--r the -- cooperators you have fox, disney and comcast, all who have leaders out at sun valley today. the leaders are very smart about bob iger or you can't divvy this up because you'll have enormous losses but as each says something publicly, perhaps if comcast gets sky tv, it will be l

bank side. >> we'll be talking with mnuchin in less than 12 minutes and steve, will see you after that, too, thank you. >>> folks, check out share of supervalue. the supermarket gregval u shares soaring on this news. that's a gain of just over 12 bucks to 31.75. >>> and president trump just -- we know he's awake because he's on twitter. this is what he had to say this morning. twitter shadow banning prominent republicans, not good. we will look into this discriminatory and illegal practice at once many complaints. >>> there have been a lot of complaints about it i'm not sure in terms of the illegality or how it works. take a look at twitter shares. they're down by 3.9% on that news. >>> talking about shadow banning. there was a whole conversation about whether trump himself should be banned. >> banned on trump -- on twitter? >> on twitter? >> good luck with that. >> yeah. >>> now that's separate from the idea of whether he's allowed to block people. >> right, right. >> as the president. >> right. >> because of abusive language and things like that or -- >> the terms of service say that you're not allowed to threaten somebody else. >> yes. >> and so -- how -- >> go