looking at heineken, profit heat analyst estimates.oment is of a reported sales growth that missed expectations. key regions like africa, russia and the middle east, the ceo said the brewer might cut jobs and investments in africa and the middle east. i am looking at morrison's. all of these three are some the worst performers on the stoxx 600. more since down 2.7% -- morrison's down 2.7%. it cut 80% of the process of 1045 products -- it cut 18% of the process -- of the products of 1045 products. caroline: the price war goes on in the u.k. banking error. uber has announced it will merge , the leading taxi hailing service in china. it is estimated to be $35 billion. let's get out to lulu chen out in hong kong. -- $35r, the chinese billion. is it over calling it quits? -- is it uber calling it quits? debate on whether they want to call it a merger or acquisition. it does look like an acquisition where dd will be buying uber china and merging into the same entities. uber china will be taking a 20% stake. that is the amount of share their

. >> the news comes as stress tests show monty did he pos ki is the only major bank with a -- heineken shares sinking as currency weighs on the dutch brewer. weakness in certain markets should be offset elsewhere. >> we perform well in volume revenue and prove its. i would say the downside is our sub sued performance in africa and the middle east. that's largely balanced by good performance in europe, americas and asia. >>> our meeting of the minds, uber and rival reportedly agree a tie-up in china will be a combined company at $35 billion. >>> hi everybody. good morning. good morning, nancy. >> good morning. >> good morning days a. >> the market on july final manufacturing pmi a reading of 52 is hitting the wires right now. 51.9 was a flash estimate given a while back. 52.8 was the final reading for june. we're looking at the final manufacturing output pmi data 53.9 which is a little above the flash data that had been published. 53.6 and the manufacturing output prices pmi. 49.9, which is a tad higher than the flash reading as well. it does seem that we're seeing the eurozone factory

let's get to these heineken numbers. heineken's interim dividends have come in at 0.52 euros.hat had 7 million euros, the third-largest brewer in the world. previously said that asia was going to be the place that was going to the driving the sales growth amid stagnant sales markets in europe and a weakening consumer environment in russia and nigeria. -- let's is a sector get to the estimate numbers. the profit in the first half excluding items. 977 million euros, just a fraction below the estimate of 1.0 one billion euros. a sector influx as we wait for sab. argued for the ab inbev of the accepted last week. we are waiting for the final docking of i's and crossing of t's. they have been talking about an increasingly challenging environment. you were going to be speaking to the ceo of this business. she will be joining "on the move" at 7:30 a.m. u.k. time. ties inhe fed story with everything including the emerging market currency, equities, dollars again. abe's package, which would be the 26th dose of fiscal stimulus since the 1990's. we have the korean won, it hits a three mo

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award-winning heineken light is the best light beer you've ever tasted. that's true...id. mmm mmm... yes i did... you didn't. ♪ from the crib to the ridehen and the clothes ♪ ♪ so you better let him know ♪ that if he mess up you gotta hit em up ♪ introducing new lime-a-rita splash the refreshing margarita in a bottle. ( cheers and applause ) >> larry: welcome back. hillary's historic nomination broke a long tradition in politics, so we sent grace parradown to philadelphia to tell us about another tradition in politics that doesn't seem to have changed a bit. let's take a look. >> a woman for president. >> in philadelphia this week, democrats were all about empowering women. >> standing up for women! >> women! >> women. >> hillary clinton. >> girls. >> women. >> but donna brazile wasn't the only lady dancing for democrats this week because where did hillary delegates go after a long day of crashing glass ceilings. kiddie bars. that's why i had to go to a philadelphia strip club to root out this disturbing trend. have you guys seen a lot of about the businessthis week, me

heineken is up by 3.7%.he french company announced a statement first-half profit missed, that was the news the french industrial gas company, first of earnings missed estimates amid the continued slump in its engineering division due to a slowdown in energy projects. this is the company that is buying airgas, the leader of u.s. packaged gas. it completed the purchase in may, gaining ground in the u.s. market against competitors. shares down by 3%. let's get a wm morrison supermarkets. it's one of the big five supermarkets, cutting the price is or 1000 items by an average of 18%. in a bid to squash fears that brings it will lift shoppers bills. the reductions are the latest in a price war among the big supermarket players here. the big surge price cut by morrison since the right to vote on june 23. consumer confidence is fallen on concerns the retailers would -- wristers, growth groceries import fresh produce. the parent has fallen 10% against the euro since the brexit vote. we are 90 minutes in to the traini

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[crowd cheering] heineken light lets you control people's minds. it doesn't do that.ward-winning heineken light is the best light beer you've ever tasted. that's true... i made you say that. no you didn't. yes i did. mmm mmm... yes i did... you didn't. herhere's how it feels tove amerget fifty percent offwork. most national carrier rates too. ♪ so, imagine how it feels to switch to sprint and buy an iphone 6s and get another one free when you add a second line. intrthe only lemon lime soda with a twist of real juice. it's a crisp, refreshing twist on lemon lime. insist on the twist. ♪ ♪ only those who dare drive the world forward. introducing the first-ever cadillac ct6. (selena gomez's "kill 'em with kindness" playing) play it again. (selena gomez's "kill 'em with kindness" playing) play it again. (selena gomez's "kill 'em with kindness" playing) play it again. (selena gomez's "kill 'em with kindness" restarts) play it again. (announcer vo) however you use your data, verizon has the best deal. now, get up to four free samsung galaxy phones, four lines, and 16 gigs fo

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heineken light lets you control people's minds. it doesn't do that.t is the best light beer you've ever tasted. that's true... i made you say that. no you didn't. yes i did. mmm mmm... yes i did... you didn't. hey there. hi, i'm looking for a deal on an iphone... ...i was thinking, something along these lines. oh, okay. well, how about this? here's my answer. is this you with a dinosaur body? it's just me with happy hands... it just means i'll take it. right now, buy an iphone and get another one free when you add a second line. with fans clamoring for our next hit album, we return to our extravagant private studio, where we turn gold into platinum. yes, i am rich. that's why i drink the champagne of beers. to discover what we it's learn on the track... doesn't stay on the track. it just finds more street-legal form. for a limited time get some of the best offers of the year on our complete line of f sport performance vehicles. at the lexus golden opportunity sales event. this is the pursuit of perfection. ( cheers and applause ) >> larry: welcome bac

heineken it doesn't do that. control people's minds.n light is the best light beer you've ever tasted. that's true... i made you say that. no you didn't. yes i did. mmm mmm... yes i did... you didn't. to prove how authentic my new brewhouse bacon burger is i'm going undercover, at an actual brewhouse. it's awesome. amazing! what if i told you, you are eating a jack's brewhouse bacon burger from jack in the box. not this one. absolutely lying. and what if i told you... that i'm jack. whaaaat?!! no way! no! didn't see that coming, did you? porter ale cheese sauce, grilled onions, and bacon on a artisan potato bun. jack's new brewhouse bacon burger, new from jack in the box. hey, where did jack go? he was just here. welcome back to "the daily show." you guys are amazing. can i take you home with me? you guys are fantastic. >> my guest tonight is a united states senator representing new jersey. please welcome senator cory booker! (cheers and applause) >> trevor: welcome, sir. >> thank you very much. >> trevor: good to have you on the show a

heineken it doesn't do that. control people's minds.ght is the best light beer you've ever tasted. that's true... i made you say that. no you didn't. yes i did. mmm mmm... yes i did... you didn't. (selena gomez's "kill 'em with kindness" playing) play it again. (selena gomez's "kill 'em with kindness" playing) play it again. (selena gomez's "kill 'em with kindness" playing) play it again. (selena gomez's "kill 'em with kindness" restarts) play it again. (announcer vo) however you use your data, verizon has the best deal. now, get up to four free samsung galaxy phones, four lines, and 16 gigs for only $150. switch to verizon now for the best deal on america's best network. only on verizon. [cheers and applause] >> trevor: that's our show for tonight. thank you, so much. tomorrow night our final show from philadelphia. here it is everyone. your moment of zen. ( cheers and applause ) >> larry: thank you very much! thank you. thank you very much. welcome to the "nightly show," i'm larry wilmore. libertarian candidate gary johnson will be on

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heineken ceo speaking with colleagues in europe about the sab deal and owe tension impact on heineken -- >> the deal abisab is a very big deal. we compete on a market by market basis. if you look at the market by market, nothing really changed. >> meantime, glaxo-smith-kline and -- the two firms will create a new company worth over $700 million focusing on fighting diseases and targeting electrical signals in the body. part of the field known as bioelectric nicks. >>> when we come back, european banks under pressure following the latest stress test results. we've got a roundup of the names most at risk and what you need to know about the story. interview with jamie dimon live at 1:00 p.m. eastern time. power lunch. stay tuned. you're watching cnbc. first in business worldwide. whether it's bringing cutting-edge wifi to 35,000 fans... or keeping a hotel's guests connected. businesses count on communication, and communication counts on centurylink. todd spaletto, president of the north face, we are working on the prototype to match customers to gear. watson, let's give it a try. say it'

heineken it doesn't do that. control people's minds.ning heineken light is the best light beer you've ever tasted. that's true... i made you say that. no you didn't. yes i did. mmm mmm... yes i did... you didn't. well this is my equation for success. i developed the 4 p's. politeness, patience, practice and... promotion! heeyaw! heeyaw! ♪show me what you got ♪show me what you got introducing the only lemon lime soda with a twist of real juice. new mist twst. ♪let's twist! insist on the twist. ♪let's twist! steeped slowly in cold water for small batches with an ultra-smooth, full-bodied flavor. discover the craft of cold brew today and keep on. america runs on dunkin'. an oven-baked digiorno? or waiting for delivery? did you have that beard when we ordered? a hot, fresh-baked crust? or? did we order extra soggy? don't settle for delivery. rise to the occasion. it's not delivery. it's digiorno. are those gushers? uh-huh er mah gush er mah gush er... mah... gush do you want another one? you boys new 'round here? yeah, i'm a&w pop-tart! and

heineken down by 2.7%.utting the prices in more than 1000 items by an average of 18% in a bid to squelch fears brexit will lift shopper's bills. it is the third round of major cuts by morrison this year. have brexit has fallen, we had concern retailers would raise prices in response. imports fresh produce and other items. about 40% of food bought in supermarkets is imported according to a researcher. wm morrison supermarkets down by 2.3%. francine: stay with "the pulse." plenty coming up. lenders are tested for resilience. discuss a new report by mackenzies on global income and equality. that, coming up your way. this is bloomberg. ♪ francine: moody's show banks are resilient under adverse conditions. the managing direction -- managing director joins us to discuss results. there were concerns about italian banks. are these tests credible? mosterall, we have seen european pranks -- most european -- and they to be came out better than under the 2014 stress test, despite the fact that these scenarios that were

the holland house does the same and features a heineken hall. the companies -- the country's medal contenders are a reason for the hospitality. some like the united states offer athletes and families for relaxing after competition. canada has a similar set up except on i heart candidate days when the press is allowed to check out their toys. they open a door into toronto. hello? >> it's a little slice of canada in rio. patio. is nothing more relaxing than a patio.>> reporter: 30 nations sponsored these during the olympics and all claim to be the best. it depends on what you're looking for. of all countries, austria is known to throw one of the biggest parties. cbs news, rio de janeiro. >> it looks like a fun party! team is about. >> they are in the valley at camp and friday that squad host the raiders. everyone excited to see the arizona cardinals. it's the first look for the coach to see how much progress the team has made a camp. umoles the -- you won't see much of the starters. a lot of young players showing where they belong. the first test

heineken is served it's world famous. like me. come here. look! it happens all the time.d in 192 countries. there's more behind the star. there are a lot of phone deals out there. but it's not a good deal if it's on a bad network. right now there's a really, really good deal at verizon. what kind of deal? up to 4 free phones. free? that's right. and up to 4 lines. 16 gigs. all for only a hundred and fifty dollars. and no surprise overages. sweet. i know. and it's all on america's best network. 4 free samsung galaxy phones. 4 lines. 16 gb. all for a hundred and fifty dollars. only on verizon. did you hear that? >> trevor: that is our show for tonight! thank you so much for tune in. join us tomorrow night at 11:00. now here it is... your moment of zen. >> we bring you the kitten summer games hosted by the hallmark channel, 90 cat athletes complete in a tumbling and track and field events? no, not really a real track and field event. look at them. aren't they just nice? ♪ (cheers and applause) ponsored by comedy central ponsored by ( cheers and applause )

heineken is served it's world famous. like me. excuse me. antonio banderas! enjoyed in 192 countries. there's more behind the star. usa! usa!rough! it's the bold taste of real starbustarbucks coffeenergy. blended with a variety of delicious flavors. for the energy you need all day and the great taste you want right now. starbucks doubleshot. real life energy. ( cheers and applause ). >> larry: welcome back. thank you very much. another one of our favorite segments dealt with the issue of low-income people and their access to healthy food in this country. so we sent out our resident food snob jordan carlos to experience for himself the phenomenon known as a food desert. >> when did you guys get this in? i'm jordan carlos, "nightly show "contributor and arbiter of good said. i live in brooklyn where the finest things in life are only a step away. food to me isn't just nourishment. it's a way of life. so when i heard about so-called food desert, i knew i had to find out more about it. >> a food desert is a neighborhood where people have very little access to a s

heineken is served it's world famous. like me. excuse me. antonio banderas!ed in 192 countries. there's more behind the star. okay,hmm, pot pie costs youeast. ffive bucks.. that's a famous bowl, five bills. tenders for a fiver. and that's my two piece original recipe, also five dollars. that's five real meals, each for five bucks. kfc, it's finger lickin' good. ♪ you say brilliant. i say resilient. you say magician. i say repetition. brilliant. resilient. magician. repetition. let's run the whole thing back. you say phenomenal. i say methodical. you say incredible. i say inevitable. phenomenal. methodical. incredible. inevitable. let's run the whole thing back. carbs to compete. electrolytes to replenish. "the daily show"! now, yesterday, donald trump gave a major economic policy speech in detroit. a city he understands fundamentally because it, too, has filed for bankruptcy. after a policy speech filled with promises and lofty claims, it's only fitting we turn it over to our own desi lydic in another installment of "what's the actual fact." ♪ >> thanks, trev

heineken is served it's world famous. like me. excuse me. antonio banderas!njoyed in 192 countries. there's more behind the star. ♪ you say crazy. i say crafted. you say savage. i say practiced. crazy. crafted. savage. practiced. let's run the whole thing back. you say unbelievable. i say achievable. you say incredible. i say inevitable. unbelievable. achievable. incredible. inevitable. let's run the whole thing back. carbs to compete. electrolytes to replenish. it's time to♪discover that in a lexus suv... ...there's no such thing as adverse conditions. ♪ come to the lexus golden opportunity sales event this is the pursuit of perfection. dislrchlts. >> trevor: we ca(cheers and appo "the daily show." in the american news cycle after the convections have taken place, usually there's a lull in election news. this year, over, things are different, obviously because of donald trump. it's like there is a tiger on the loose but more orange. (laughter) for instance, yesterday, really the bigger news was the fact that turkey and russia were forming an alliance, but in

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also for a limited time in blueberry. [ song continues ] heineken is served it's world famous. look! it happens all the time. antonio banderas! it's antonio banderas from the movies. enjoyed in 192 countries. there's more behind the star. just when you think you know what a computer is. you see a keyboard that can just, get out of the way. and a screen you can touch. and even write on. when you see a computer that can do all that, it might just make you wonder... hey, what else can it do? ♪ >> thank you so much, for joining us today, remember to join us tomorrow night at 11:00. here st, your moment of zen. >> you guys are down. and it makes sense. >> says who? says who? >> most of them, all of them? >> says who?sored by comedy central ♪ ♪ ( cheers and applause ) >> larry: thank you very much! thank you very much! thank you. >> larry! larry! >> larry: thank you very much. thank you. >> larry! larry. >> larry: please,

(applause) the heineken family passed down a special gift; an original recipe with only three ingredientsause) and all of them natural. i also have a special gift... ♪ the ability to cry on demand. ♪ it's beautiful, huh? ♪ only three natural ingredients. there's more behind the star. library break! shhhhhhhh. have a break, have a kit kat! ♪ hey, is this our turn? honey...our turn? yeah, we go left right here. (woman vo) great adventures are still out there. we'll find them in our subaru outback. (avo) love. it's what makes a subaru, a subaru. get zero percent on select subaru models during the subaru a lot to love event, now through august thirty-first. jack knocked over a candlestick, onto the shag carpeting... ...and his pants ignited into flames, causing him to stop, drop and roll. luckily jack recently had geico help him with renters insurance. because all his belongings went up in flames. jack got full replacement and now has new pants he ordered from banana republic. visit geico.com and see how affordable renters insurance can be. steeped slowly in cold water for small batches with

(applause) heineken is served in 192 countries. it's world famous. like me. come here. look!he time. antonio banderas! it's antonio banderas from the movies. enjoyed in 192 countries. there's more behind the star. squuuuack, let's feed him let's feto the sharks!sharks! yay! and take all of his gold! and take all of his gold! ya! and hide it from the crew! ya...? squuuuack, they're all morons anyway! i never said that. they all smell bad too. no! you all smell wonderful! i smell bad! if you're a parrot, you repeat things. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. squuuuack, it's what you do. out out! get get get! grrr! did you find everything okay, sir? whaaaaat? steeped slowly in cold water for small batches with an ultra-smooth, full-bodied flavor. discover the craft of cold brew today and keep on. america runs on dunkin'. that is our show for tonight, join us tomorrow at 11:00. now here it is, your moment of zen. >> we knew there was a lot of oifl on there. he looked beautiful, beautiful. >> wait a

she is the cfo of heineken. she will be having a conversation with bloomberg later.iting for the final touches right now. what can be put onto that. the miller board recommending rejection of that offer. we saw that coming late last week. rishaad: uber is going to merge di china business with rival di. extraordinary week is just a month ago they were saying this would not happen. unsurprising that both these companies have been burning through cash. uber at an estimate of the billion dollars a year just to be able to compete in china. a $35 billion valuation for this company. a 20% stakeetting in the new company. at least for now they will continue to operate their own at. sometimes you learn that being successful is about listening to your head as well as following your heart. both companies are yet to turn a profit. in terms of building a sustainable business. guidelines for how they can operate. investors have been increasingly unhappy and concerned. both of these companies have been fundraising at a frenetic pace. they're going to bankroll the competition. in 80%

heineken reports sales and missed expectations. key areas such as africa, russia, and the middle east. resort -- relies on sales outside of europe because of falling demand. time time now -- vonnie: now for the bloomberg quick take. merkel is in the midst of her third term, and regularly ranks as germany's most popular politician. she is also the continents premier lightning rod, and her recent actions put her at unprecedented legal risk. on the merkel's vision of integration throughout europe is facing new challenges after a spate of violent attacks at home , and by britain's decision to exit the eu. the number of refugees spilling into europe ballooned in 2015. xenophobia, and insisted on the moral and legal obligation to shelter those immigrants. after more than one million migrants made their way to germany, merkel pushed for mandatory quotas, even as she took the lead in negotiating in accord with turkey to help stem the influx. career as a previous a laboratory assistant, swept up in the democratic movement in the 1980's. at

and heineken giving out advice to the national olympic committee. less is more.that too many brands and attach themselves to the ioc olympic rings and it is making the landscape cluttered. 12 sponsors at about 60 sponsors paid to be in the lithic cycle. that is the bloomberg business flash update. erik: coming up, a positive earnings season, so why are the analysts still -- on the forecast. mrs. bloomberg. this is bloomberg. ♪ ♪ erik: this is "bloomberg markets." erik: i am erik schatzker. joe: and i am i am joe weisenthal. that was a very hot looking day in new york. erik: positive earnings surprises in the latest season, but nevertheless, that has not stopped analysts from downgrading the estimates for profit. they predict no profit growth for 2016. at the same time, the s&p 500 is trading close to a record high. here is a chart that tells you everything you need to know. analysts keep cutting the profit estimates. now, as we know, for the index to remain at higher levels while the companies earn less, the multiple will need to expand. people will need to be pr