who they have added -- james murdoch, who heads up 21st century fox, rupert murdoch's son, and linda of johnson publishing company. both will be joining the board. david kirkpatrick, you look at the tech world. tesla is a tech company. does this loosen elon musk's grip? eva: no, he has 100% grip. we are talking about tesla right after netflix. they have a lot in common. they are both companies to invest in only on the presumption they will take everything. they will single-handedly transform their industry. ways, netflix may have a better long-term prospect of doing that. competitionting from every direction. they are very dependent on subsidies from government. i am a huge fan of elon musk. nobody can pull a rabbit out of a hat like him. joe: i want to go back to the point david brought up about competition, help netflix is not -- how netflix is not necessarily in the same category. letter, it discusses the intensity of competition. youtube, hbo, all these different competitors. is there a mode other than that people like it's shows? -- its shows? have beenthey successful in the mar

tesla has added two independent directors to its board, including the boss of 21st century fox, james murdoch increase the board size at the electric car and storage company to nine. the move comes amid criticism by some shareholders of a lack of independence on tesla's board. some investors believe that too many of the company's board members have personal or professional ties to boss elon musk. bnp paribas is the latest in a long line of banks to be hit by a currency—rigging scandal. the french bank hasjust been handed a whopping $216 million dollarfine by america's central bank. it's the latest punishment for traders who allegedly shared information about currency bids without adequate oversight from their banks. the scandal has led to billions of dollars in fines on both sides of the atlantic, having already hit the likes of barclays, rbs, deutsche bank, ubs and jp morgan chase before we go, a quick look at what the markets have been up to. you can see the figures in the asian markets. we have the ftse. the nikkei has opened after a public holiday yesterday. lots of markets reacting to ch

tesla has added two independent directors to its board, including the boss of 21st century fox, james murdochicism by some shareholders of a lack of independence on tesla's board. some investors believe that too many of the company's board members have personal or professional ties to boss elon musk. citigroup has chosen frankfurt in germany as it's new european trading hub, in part of its preparations for when britain leaves the eu. according to various sources, the us bank will present the choice to its board of directors this week for approval. plenty more stories online. harry potter still coining it for bloomsbury. another wizard quarter. total revenues for the three months to the end of may were up 19% year on year. have you read them? well, how can i admit that without... i'm second time round. i have read them all and second time round. i have read them alland i'm second time round. i have read them all and i'm now, second time round. i have read them alland i'm now, iam about to second time round. i have read them all and i'm now, i am about to start numberfour. all and i'm now, i am

accordingly we should note in the last hour the company announced it was adding 21th century fox ceo james murdoch and linda jaunsen to its board this, of holders wanted the board to be a little more diverse and also not as too friendly in, you know, closeness. >> this is not going to be nearly as friendly as it was the question is, at 319 1/2, what to with tesla now, $387 stock, i think a month or so ago, so the selloff has been pretty dramatic. i think everybody would agree with that. i still think you have to -- everything he said, by the way, it is expensive in terms of the past and in terms of the present. you can say that about a lot of stocks the point we make all the time is you have to believe in the vision and the story that's the point that b.k. makes. i'm a believer i do think there's a potential for it to trade down to the 285 level, the all-time double hot top we saw a couple years ago. with that said, if it gets down there, i think you buy with both hands because i do -- i've said it many times, people, institutions that own the stock are in for the long haul. >> i think you have to

when he first century boss -- fox boss james murdoch and others will take a role on thursday after thela crashed while on autopilot. the driver said it accelerated and overturned but later confirmed the system was deactivated. that is it for daybreak asia and we have bloomberg markets coming up next. rich salama joining me in the studio. and half an hour, we get property prices? sydney, and the latest. narrowing, cities between the one and two, overheated some would argue. the head of asia-pacific research joins us for that. brexit. right? and from the new university of south wales to discuss where we are with that. what it really means. soft brexit,, and hard brexit, etc.. that is what we are looking at over the next couple of hours. >> lots to come, rish. more to come. this is bloomberg markets. this is bloomberg. ♪ ♪ 9 a.m. here in hong kong. 9:00 monday evening in new york city. trouble for this man. feeling the heat. he may be punished for breaking investment rules. looking at global stocks flirting with records, but the world worst in shenzhen. can they break their slump today? h

theink it is too soon for international scandals of news international and james murdoch was heavilyzed. i think he's the ceo now of 20th century fox. francine: the murdochs would say that when investment is lagging, this would be a sign the u.k. is not open for business. quite a good bit. the idea of this has anything to do with brexit slight nonsense in my opinion. you have difficulty over a controversial bid. it can sometimes hold up your investment intentions. i think in the public interest, in a country where political debate has already been debased over the last 20 years, i personally would hope the murdoch family are not allowed to extend their control even further. francine: ken clarke, great pleasure to have you in the studio. that was the former chancellor of the exchequer and current father of the house of commons. tom keene will be joining me out of new york. we will be talking to rupert harrison. this is bloomberg. ♪ ♪ >> more russian revelations, the dollar drops to an 11 month low. draghi goes dovish. officials will be assessing -- the message to britain as brexit tal

i also received a letter from james murdoch and a further letter from twe nty— first century fox murdochfrom twenty—first century fox this monday, which they have since published. the detailed representations from twe nty— first century fox raise a number of points oi'i century fox raise a number of points on offer,'s century fox raise a number of points on offer, '5 public century fox raise a number of points on offer,'s public interest test report and an analysis, contesting a student that the transaction raises public interest concerns which justify referral to a stage to investigation by cma. neither of the parties have offered further amendments. i have received a substantial number of responses in relation to my referral decision. in coming to my decision on this case, i must take account of all relevant representations made to me. as a result, my final decision on where you can only be made after having considered all evidence on the plurality and commitment to broadcasting standards grounds. given that the consultation closed oi'i given that the consultation closed on friday, the

another addition is james murdoch, ceo of 21st century fox, also the son of rupert murdoch, also beingdded to tesla's board. keep in mind, kelly, there has been ongoing criticism of tesla, how their board is being stacked with insiders, so these two updates could potentially add more diversity to itsleadershi change right now we're looking at shares of tesla basically unchanged at the moment. but, again, two major announcements there. back for you. >> thank you, seema. michael, anything that you draw from these nominations >> no, not really. i think that they are really just trying to get additional diversity maybe to satisfy some hair shareholders. i want to go back to something that jon said which is if you have netflix with such a huge lead at this point, spending massive amounts of money in production, what is it going to mean for companies like apple? well, in our view, ale, particularly given how stingy they are in terms of spending money, i just don't see any way, unless they go out and buy somebody which i don't see also, i don't see any way that they are going to be able to co

share, one cent short of consensus forecasts and tesla, it added two new independent directors, james murdochning that board, ceo of 21st century fox and johnson publishing ceo linda johnson have been added to the board as well. the automaker facing criticism in the past for a lack of independent directors. >>> senate republicans failing to win support for their health care reform bill now president trump, and majority leader mitch mcconnell are calling for a vote to repeal obamacare without an immediate replacement. john harwood joins us right now. he has more on this story. john >> becky, this is mitch mcconnell's exit strategy. he is not expecting this repeal bill with a replacement later to pass that was a strategy that republicans considered and rejected earlier this year but it would allow the republicans to move on to tax reform, which they need to pass the budget, house budget committee has got its blueprint out this morning if they can pass that budget, if the senate can pass thirst, if they can pass the same one, then they will have the reconciliation vehicle they will need to move

team—mate ross murdoch also progressed. james00m freestyle final. also through to their semi—finals are 0lympic silver medallist siobhan—marie 0'connor, hannah miley and ben proud. england have won the third—place play—off at the world hockey league semifinals, beating argentina 5—2. the match went to injury time with three goals from england to secure the bronze medal. the world league finals tournament will take place in new zealand in november. you can follow the cricket on five live sports extra and the golf is also on the bbc sport website. i will be backin the bbc sport website. i will be back in the next hour. the rules on blood donation are to be relaxed in england and scotland to allow more gay men and sex workers to take part. experts say there is clear evidence it is safe for those groups to give blood after abstaining from sex for three months instead of 12. hiv charities have welcomed the changes. our health correspondent sophie hutchinson reports. giving blood is not for everyone. rules on safety mean those at high