juliette: ♪ juliette: welcome back to "bloomberg best." i'm juliette saly.s annual gener mting this week with barclays ceo jes investors since a whistle ew her -- blower put his tenure at risk. eric sat down with him in london following the meeting. jes: since i got here, one of my goals was to be transparent with regulators. in many ways, we are partners in trying to avoid the xt financial crisis. this was a very constructive dialogue between bar lace -- barclays and the bank of england, the pra, it was very important to us. i respecthregulatory framework here, and let's see how this all plays out. >> if the unthinkable happens and you are deemed unfit to run barclays, does the bank have a plan -- a succession plan? jes: i have full support of the board. you saw the shareholder vote today. let's see what happens. >> have you seen the similarly hartline approach brussels has taken recently? jes: the level of dialogue with the prime minister, her government, with the chancellor, with the regulators, has been really quite something. i think there is a lot of l

juliette: this is bloomberg. ♪ ♪ juliette: this is loberg best." i'm juliette saly.ontinue our global tour of the week off the top business stories with a busy day of m&a on monday. >> following months of talks, the deal of the luxury company fores to buy kate spade $2.4 million -- $2.4 billion helping the company to cope with its sluggish demand. >> they came to the realization that if they are going to keep growing and it cannot at sales with coach, they will have to keep buying other companies. enter and cakes they. >> coach went into footwear recently and it was a head scratching because coach was always offer handbags, but kate spade has been into footwear for a wild. creates to continue to and grow market share. there are not a lot of cost synergies. the idea is to create a conglomerate, but on a much smaller scale. sinclair broadcasting has confirmed its deals to acquire forunal media for 12.4 -- $12 billion. >> the price may be a surprise were sinclair were hoping to buy in the highhing 30's per share. it is driven by competition and fairly late competition f

juliette: this is bloomberg. ♪ ♪ juliette: this is "bloomberg best." i'm juliette saly.ontinue our global tour of the week's top business stories with a busy day of m&a on monday. >> following months of talks, the deal of the luxury company agrees to buy kate spade for $2.4 billion helping the company to cope with its sluggish demand. >> coach has had a successful turnaround of its own brand, but they came to the realization there is not that much more to go, so if they are going to keep growing and it cannot at sales -- cannot add sales with coach itself, they will have to keep buying other companies. so into kate spade. vonnie: coach went into footwear recently and it was a head scratcher because coach was always known for handbags, but kate spade has been into footwear for a while. can they be complementary? >> that is the idea, to continue to create and grow market share. there are not a lot of cost synergy between them. the idea is to create a conglomerate kind of like an lvmh, but on a much smaller scale. david: sinclair broadcasting has confirmed its deals to acqu

anna: juliette solly there. -- juliette saly there.om amsterdam is the euronext ceo, stephane boujn ah. thank you for joining us. you talk about the resilience of your model. what excites you about these numbers? >> the realities that the volumes during the first quarter have been slower than last year. of a veryation efficient yield management and good momentum on the ipo front will allow us to continue with a stable revenue. and more than that come a disciplined control of costs, hash is part of euronext, allowed us to deliver a 55.7 percent margin, which remains strong. title of your initiative, agility for growth. one of the lines that stands out in the announcement is the business is up 33%. we think that margins are ready to come to the markets. records and markets, record high around europe. part of the pilot -- how does the pipeline look? will that look healthy in 2017? >> no doubt that the pipeline is very strong. theoubt that in general equity market in europe, particularly the eurozone, is very dynamic. no doubt that somethi

anna: juliette, thank you. juliette saly from hong kong. we had earnings from comments earlier, let's break them down with matt miller, who joins us from frankfurt. great to see you. talk is the numbers. what are the key takeaways. the bottom line is one of them . matt: yeah, not just beating on the bottom line but reading the highest estimate in our survey of analysts. beating on that income and operating income more than anybody expected, and also revenues doing better than anyone expected. the main reason for that, if you dig into the numbers and look at the big ones that pop out, first-quarter net fee and commission income, 887 million euros. more on higher volumes and securities trading. that has been the story on wall street, on the other side of the atlantic, and has been a story to some extent for european banks as well. they are also able to cut costs further, and on track to cut their 9000 jobs they announced at the end of last year. that is part of their cost cutting operations that investors want to see, and net interest income

here is juliette saly. juliette: thank you, guy.mp has told bloomberg he is considering breaking up big wall street banks, reviving discussions of a .epression era law the administration has reported a 21st century version of the glass-steagall law. also, raising the tax on gasoline to raise funds for highways and there is support among truckers. >> there are some people who want to go back to the old system, right? so we are going to look at that. we are looking at it right now, and dodd-frank is going to be very seriously changed so the banks can go back to loaning money. manus: -- juliette: theresa may has eluded the details of her disastrous dinner with jean-claude juncker to indicate brexit talks will be tough and she is up to the task. the european commission president left talks at downing street on wednesday shocked at compromise.ance to the pair disagreed about the complexity involved in any degree -- an and about budget contributions. greece and its euro-area negotiationse about current bailout programs. after final negoti

here is juliette saly. juliette: thank you. in the u.s., president trump has described former fbi director james comey as "a grand stander." his remarks departed from explanations given by several white house officials earlier in the week. he told nbc that the fbi has been in turmoil for months and comey was not the right person to help it recover. pres. trump: what i did was i was going to fire comey. my decision. >> you had made the decision before t they cam room? juliette: the u.s. has reached an agreement to provide greater access to american natural gas exporters to china as part of a broader effort to begin reshaping the trade relationship between the world's two largest economy through the agreement covers 10 areas where trade negotiators from the u.s. and china have reached consensus, including agricultural trade and market access for financial services to we will speaking with u.s. commerce secretary wilbur ross about that gilad: 30 p.m. u.k. time. is preparing to cement ties with president donald trump by committing

for that we go to hong kong and juliette saly. juliette: matt, thank you. u.s. president donald trump and is really prime minister benjamin netanyahu has said they see an unprecedented opportunity to achieve an elusive mideast peace agreement as formerly hostile arab nations joined the jewish state to confront iran. that comes after a similar pitch to arab leaders in saudi arabia over the weekend. today trump will pass into bethlehem to meet palestinian authority president mahmoud abbas. in the u.s., president trump would dramatically reduce the government's role in society, with $3.6 trillion in spending cuts over the next 10 years. his proposal, to be released today, claims to balance the budget within a decade, but it relies on a tax plan for which the administration has provided precious little detail. the elimination of programs that many republican lawmakers -- former u.s. national security advisor michael flynn may have lied in his application for a security clearance. that's according to elijah cummings, the senior democrat on the house oversight and gov

let's get out to juliette saly. juliette: manus, thank you.nosticturer of equipment is in talks to buy a dutch drug in agreement maker. according to people with knowledge of the matter, an agreement could be reached as early as this week. it has the market value of about $65 billion, while pantheon is worth about $3.8 billion. neither could be immediately reached for comment. vodafone south africa unit has agreed to buy a 35% share in safari,, giving it a majority control. according to two people familiar with the matter, they could announce the deal today. a representative declined to comment. that's your bloomberg business flash. anna: thank you. juliette saly in hong kong. crude has jumped after saudi arabia and russia said they favor ending oil out for cuts through the end of the first quarter to shrink a market glut. manus: speaking at a joint press conference in beijing, the energy ministers of the world's biggest oil producers said extending the curbs already agreed-upon and the volumes is needed to reach a goal of reducing global inven

juliette saly with first word news. juliette.tis, the european commission sent a letter to the u.s. government regarding a possible ban of electronic devices on flights from european airports. a german magazine has reported the u.s. may announce a laptop ban on european flight this week, citing an internal email from the director general of airports council international europe. the german business said the european commission expects an announcement in the coming days. earlier this year, the u.s. banned certain devices on flights originating from 10 middle eastern airports. senior senate republicans close ranks behind president trump after his this missile of fbi director james comey, rejecting calls for a special prosecutor to investigate russia's meddling in the election. attorney general jeff sessions and his deputies spent most of wednesday interviewing candidates to take the job on an interim basis. in the u.k., the opposition labor party's election pledges leaked.n a number of news outlets are reporting that they include p

here's juliette saly. juliette: thank you. president trump has denied trying to quash an fbi investigation of his former national security adviser and says there was no collusion by his campaign with the russians. >> the entire thing has been a witchhunt and there is no collusion between certainly but i can my campaign only speak for myself and the russians, zero. juliette: at a white house news conference yesterday, trump said it was totally ridiculous to think he's done anything that would amount to an impeachable offense, but the president said he respects the decision to appoint robert mueller as special counsel. brazilian president michel temer has defied calls to step down, saying a supreme court investigation will clear him of an alleged cover-up. local media claims he approved harsh money for the house speaker who drove the impeachment of dilma rousseff. the turmoil has seen stocks, bonds, and the real tumble. steveneasury secretary mnuchin says breaking up the big .anks would be a huge mistake testifying before a sena

for that, we cross over to hong kong and juliette saly. juliette. juliette: thank you.my back in april as authorities crack down on the financial leverage prudent investor output rose 6.5% last month from one year earlier. retail sales increased. fixed asset investment, including rural areas, expanded 8.9% for the first four months. it missed economist estimates. theresa may will pledge today to broaden employment rights in britain, as the country pulls out of the european union. the prime minister will say that if the conservative party wins, she will introduce measures to get economy workers -- meanwhile, scotland's first minister has said a vote for her party will help protect the economy north of the border from the impact of brexit. >> one message in this election on brexit is whether to leave or remain for the euro, yes or no in 2014.if you vote s&p, you are strengthening my hand to make sure scullin's voice is heard. d's voice isotlan heard. juliette: global news, 24 hours a day, powered by more than 2010 at journalists and analysts in more than 120 countries. th

juliette saly in hong kong with the bloomberg first word news. juliette: thank you.esident-elect emmanuel macron has pledged to unite the after beating marine le pen. speaking to supporters at his campaign headquarters in paris, he said he would work to address the concerns that were exposed during one of the most divisive campaigns in recent history. votes received 66% of the in a commanding victory over his far right rival. in germany, angela merkel's party has picked up momentum in a german state election. that is as they convincingly defeated the social democrats in the northern state. if it to read deals a blow to spd leader martin schulz's bid to replace the chancellor in the september federal election. china's overseas shipments held up in april, aging down from a two-year high in march. exports rose 80% in dollar terms from one year earlier as imports increased 11.9%. that left a trade surplus of just over $38 billion. china's export outlook has improved on recovering global the threat of a trade war with the u.s. overseas. saudi arabia's oil minister has sig

juliette saly is standing by. juliette: thank you.merzbank is benefiting from a rising income of securities trading six months after it rolled out a strategy to get back to business. net posted first quarter income of two hundred 17 million euros ahead of all four analyst estimates compiled by bloomberg. commerzbank is embarking on a turnaround strategy that will see more than 9.5 thousand jobs passed by the end of 2020. 20%t-quarter profit fell missing analyst estimates after the company had to pay higher fees and keep a nuclear reactor off line for longer than anticipated. germany's biggest one generator posted net income toddling -- totaling 512 million euros. course.firmed it is on and breaching its duty to feetholders by rejecting 29.5 billion dollars takeover. elliott has asked that dutch court to clear the way. saying it would be damaging and not in the best interest of the company. that is your bloomberg business flash. manus: thank you very much. let's stay in asia. it has been a fairly tumultuous recental period in memory. s

let us get to juliette the first word news. juliette. juliette: manus, thank you. in germany, angela merkel's party has kicked up momentum in a german state election, as the cdu convincingly defeated the social democrats in the northern state. the victory deals a blow to the spd leader martin schulz's bid to replace the chancellor in september's federal election. held's overseas shipments up in april, aging down from a two-year high in march. exports rose 8% in dollar terms from one year earlier as imports increased 11.9% three that left a trade surplus of just over $38 billion. china's export outlook has improved on recovering global demand and as the threat of a trade war with the u.s. recedes. arabia's oil minister has signaled that output curves could extend into next year. speaking at an event in malaysia, politically or -- al-falih saidy -- the rush would be extended beyond the market rush. he said his confidence the markets would return to "a state." in the u k, theresa may's government has accused some european union countries of wanting britain to fail. in

juliette, thanks. cut 10% of its staff worldwide, according to "the wall street journal." the report cites unidentified sources but says job cuts are outlined as early as this week and mostly target salaried employees. for more, chris ryder joins us, the head of our european auto coverage. chris, first of all, why now, why this big the move? as we know, fiat has been under a lot of pressure in the last few weeks. the stock price not performing well, so he has to show something deeper, more aggressive than in the last couple of years. ford, given its position in the mass market is under a lot of pressure at the moment. a lot of investment needs to be made in electric cars and mobility services and digitalization. --d has to do that under with a mass-market portfolio. matt: let me bring up this chart. the point is, it shows gm profits have really soared compared to ford's over the last few years, quarters, why is gm doing so much better than its rival? chris: for one thing, they are bigger and they have

here is juliette saly. juliette: u.s.ked fbi director james comey to drop an investigation into former national security adviser michael flynn. that is according to a person who was given a copy of a memo that.ng it introduces the possibility that the president may have obstructed justice, an impeachable offense. the white house is considering an expansion of a ban on laptops in airliner cabins. identifyan declined to the other areas. did, the european union pressed the u.s. to refrain from banning laptops and other electronics in cabins of flights to america from the region, saying both sides needed to work together to curb the threat of terrorism. in the u.k., the liberal democrats offer a final vote on brexit. they unveiled the manifesto later today. seats in nine parliament, the party is looking to resurrected political fortune by appealing to the 48% of britons who voted to stay in the e.u.. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg.

juliette saly is standing by. juliette: thank you.ing bonds again after announcing a new round of stock buybacks and a 10.5% dividend increase for shareholders. the iphone maker may sell debt in as many as six parts. it is the tech giant's third trip to the market this year after in february selling $10 billion in the u.s. and $1 billion in taiwan. -- said its capital strength slumped due to a third straight loss. the common equity tier one ratio fell to 6.5%, well below the minimum capital level set by the ecb. the italian lender is seeking a rescue and posted a net loss of 169.2 million euros in the three months through march. amazons ceo, jeff bezos, has sold company stock as part of a planned divestiture. he offloaded one million shares from tuesday to thursday, ranging in price from $935 to $955 each. that comes a month after the man said he spends that amount annually on his space exploration company, blue origin. bezos still owns almost 80 million amazon shares. britain's forthcoming exit from the european union poses little co

juliette: u.k. prime minister theresa may has alluded to the leaked details of her disastrous dinner with jean-claude j thatr to remind people brexit talks will be tough and she is up to the task. shocked att talks her reluctance to compromise. it is said they disagreed about the complexity of the agreement, about the sequencing of talks, and budget contributions. in france, emmanuel macron and marine le pen kickoff the final week of the presidential campaign with major rallies in onis after weekend sparring subjects ranging from the euro to the environment. poll sees the latest the centrist candidate defeating his far right opponent with 59% of the vote on sunday. yesterday, clashes erupted between french anti-right protesters. police used tear gas after individuals through molotov cocktails. global news, 24 hours a day, powered by over 2600 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . as manus and anna were saying, it has been a prett

for that, we go to juliette saly. juliette.mp has fired fbi director james comey, saying the bureau needs new leadership to restore public trust and confidence. according to the white house, comey's sacking was recommended by jeff sessions and his deputy. comey had been leading an investigation into alleged russian meddling in the u.s. election and moscow's possible links to trump a that associates. it is the second time in the fbi history that its chief has been fired. the second-largest insurer in europe is planning an ipo of its u.s. operations to fund the spansion and potentially return money to shareholders. it reaffirmed its key 2020 profit targets, including an adjusted return on equity of 12% to 14%. the ipo would take place in the first half of 2018, subject to market conditions, helping speed up achievement of the company's 2020 goals. ing, the biggest dutch lender up 39% in thefit first quarter, supported by cost cuts and high revenue from market activities. underlying pretax profit rose to 1.5 billion euros ahead of

here is juliette saly. juliette: thank you.china's government has increased access to its bond market hong kong. it opens another part of foreign investors as beijing seeks to stem cap outflows and win inclusion in bond indexes. chinese on short notes rose to $120 billion in march. the u.k. government has offloaded its last remaining shares in lloyds banking group according to people familiar with the matter. the treasury sold the remainder of its original investment, less than .25% in the bank yesterday. it brings britain's biggest mortgage lender back into full a decadewnership after after it was bailed out in the depth of the financial crisis. a growing., still, number of unoccupied properties in london is providing a headache for landlords removed into modern offices by companies has caused the overall office atancy rate to climb to 5.8% the end of the first quarter. according to data, that is the biggest increase since 2009. management hedge fund suffered $1 billion in outflows in april as investors continue to pull money,

juliette saly standing by.uliette: manus, british airways has said many of its computer systems are running again as the carrier pushed to recover from a massive technology failure that disrupted hundreds of flights and stranded thousands of passengers worldwide over the past two days. they will run a full schedule today and intend to operate a full long-haul schedule from heathrow. meanwhile, a strike called by unions in italy grounded 200 flights. it was to urge the government to nationalize airlines, which would put into administration after years of losses. the government has already ruled out the option, and is looking for a buyer, while unions are negotiating working conditions during the administration period. saudi arabia could attract tens of billions of dollars in foreign investments in the arab world's biggest stock market, if it is added to the msci emerging market index. that's according to the deutsche bank ceo for the middle east and africa. the bank anticipates up to $35 billion of inflows. the

for that, we go to hong kong, and juliette saly. juliette. juliette: thank you. the u.s.tment has named former fbi director robert mueller as special counsel to oversee the fbi's investigation of russia's influence in the 2016 election. the move has won early praise from key lawmakers in both parties. it comes after a turbulent week of political turmoil in washington. a white house official says president trump was notified of about 25ion only minutes before was made public, and only after the order was signed by deputy attorney general rod rosenstein. britain's prime minister, conservatives are unveiling their party manifesto today ahead of the general election which takes place in three weeks time. may will tell wealthier elderly voters they have to pay for their own care. she will promise further controlled on immigration by doubling the levy charged to businesses for hiring migrant workers, according to a person familiar with the plan. launching the liberal democrat manifesto, tim deren planned to give the british people a second referendum after the brexit deal has b

it was a deliberate effort of state leakers. >> juliette? >> let me ask this -- can i ask one question, and that is do you think these forms ought to be filled out truthfully? >> is that for me? >> yes do you think the forms should be filled out truthfully? >> absolutely. i think it's smart to get counsel, legal counsel or someone to work with you in the fbi to make sure you're fully filling it out. if now attorney general sessions was given advice to not list some of these -- again we weren't in the meetings and don't know what was discussed, although we know the former senator and the attorney general says the campaign was not discussed -- but he was adviced not to list those and he involved advice. >> juliette, do you buy that or do you buy that look, it involved russia, russia is a special interest. put it on there. >> you would think. it wasn't like russia was a big surprise nor their attempted influence on our elections. with the other stories today, on the new york times -- >> this is the paul manfort. >> paul manfort -- we picked up

here is juliette saly. juliette: thank you.ans to move hundreds of london-based bankers to expanded offices in dublin, frankfurt, and luxembourg. the head of investment banking said that comes as a prepared to the u.k. to lose easy access to the e.u. single market after brexit. before the june referendum, the ceo warned that u.k. employees, as many as 4000 could be relocated in the event of brexit. u.k.'s prime minister has vowed she will not be pushed around in brexit talks with the european union as her war of words with brussels escalate before negotiations even began. theresa may said european commission president jean-claude juncker is learning she can be "bloody difficult" after the details of a dinner meeting between the leader alleged he was shocked by her approach to negotiating brexit. president trump has tweeted that the government "needs a good shutdown in september" after congress agreed a budget deal denied much of his wish list. the bill includes no money for his mexican border wall, only a small cut to the epa,

bloomberg first word news crossing over to hong kong and juliette saly. juliette: u.k.have [inaudible] calling it a breach of trust that risks undermining their investigation. the new york times published photos of the crime scene after u.s. security officials share details with american media that british police are yet to release. may 12sther theresa leave the group gathering a day early to return to britain as the company basis to prevent further terrorist attacks. russia --s to brussels. manchester united players and management have expressed their sympathies for those killed in the manchester bombing. a moments silence was held before the europa league in stockholm where the british team claimed the title. shares rose following the victory which guarantees the -- united place in the champions league next season. >> it was not easy going into it. it is on everybody's mind. that when itet puts manchester back in there. >> the city of manchester will be happier. we come to do our job. resumee: ukip is to campaigning a day ahead of the other main parties due to a pause

here's juliette saly. juliette: in the u.s. house, republicans have mustered just enough votes to pass their health care bill. the vote sends the american health care act to the senate. that salvages what at times appeared to be a doomed mission to repeal and replace obamacare under intense pressure from president donald trump. it stands little chance of being passed in its current form by the senate. they are spooked that it could cause millions to lose health insurance. >> i think it will get even better. this is a repeal and a replace of obamacare. make no mistake about it. see whatblic will now they gave their name two. they put their name next to you paying more for less. we will make sure the public is aware of that. in the u.k., early results in local elections suggest theresa may's conservative party is on course for a sweeping victory. according to the bbc, across the 20 english and welsh counties that have fully declared results, the tories had a net gain of 138 seats and labour lost 121. you can't failed to win any f

juliette first to you we have to remind ourselves that the target here women and children. what does that say to you about how may have been behind this cheerily just -- just how devastating this attack was? >> yes, i mean there is terrorist attacks we sort of get used to. and then there is ones that set a new bar or lower a new baier sort of targeting not just a concert we've seen that before say in paris, but one whose audience is like, 11, 12, 13, 14-year-old girls some no often not with the parents. some of the pictures you've been showing all night you see the parents on the other side of the security. any parent knows they drop off the kid and wait around then the kid comes out. the primary focus you've been seeing of course is family unification by now a couple hours later noevgss are likely occurring if not occurring soon. this is the olowering of a new standard if we call it that in counterterrorism. and -- and suggests of course first we den know who the assailant -- the perpetrator is or connected to anyone else. but how you know simplistic of attack this is beca

juliette: thank you.ociete generale has settled a legal dispute with an authority income.ed lower net net income fell to 470 million euros missing analyst interest -- estimates. the bank posted rebound in trading businesses while falling short of trend shown at its larger rival, bnp paribas. and tempering exuberance about sales. the company said it expects revenue growth to be down meaningfully after it's talks increasing the frequency of marketing spots in the newsfeed to avoid driving way users. shares fell as that message overshadowed first quarter sales and top estimates and a 17% jump in monthly users to 1.9 billion. the impactully track of bad experiences during the last several years. we have said that ad load is up and we are able to do this by improving the quality and relevance of ads. where we are focused is continuing to improve the ad quality and relevance. juliette: tesla has ensured invest -- assured investors that they are on track to become -- begin production. lostding some margins has $

juliette: that is your bloomberg business flash.us: so she's just been telling you about china, moody's downgraded debt for the first time since 1989. challenging the idea that china can rate in the debt while changing the face of economic growth. editor spoke to bloomberg television and said this about the downgrade. >> authorities have recognized the risk that come with high leverage and have a broad agenda of structural reforms. andake that into account the measures will not be enough to reverse the increasing leverage. manus: the sovereign debt is mostly on by domestic investors. ,here is a market impact chinese stocks headed to the lowest level in almost eight months. joining us from hong kong is our chief asia correspondent for bloomberg news. ofuppose there's a number debt to gdp. is that the driving force for movies, the debt load? >> its early one of the real factors here. total debt has risen to 260% of gdp from 160% as recently as 2008. the pace of accumulation is concerning people. moody saying enough is not being done t

juliette. juliette: general motors fell last year.he class-action lawsuit brought claims the owner installed devices in two models from 2011 to 2016. gm is the fifth carmaker to the accused of vehicle cheating, since volkswagen admitted in 2015 to cheating pollution roles. struggling commodity trader noble has been hit with a second rating cut in 10 days. it is flagging doubts over the company's ability to address $2 billion of debt that matures in the next few months. toy are in talks with banks renew a borrowing facility that expires next month, but they expect the bank to fate -- to use less favorable terms. pay thebeen ordered to state and city of new york. the judge said the company turned a blind eye to shipments of untaxed cigarettes from indian reservations that undermined antismoking efforts. the decision comes two months after it was rolled that ups s failed- ruled that up to manage cigarettes. thank you, juliette. opec's attempt to cut rates has failed to impress investors. they are trading sharply lower. in fact, it is loo

what does that tell you, juliette kayyem? >> this was the ultimate soft tarlgt becau target because it was a dense area with a target of young children. these are tween girls. ariana grande, 12, 13, 14-year-old crowd. the pictures you were showing earlier, don, i don't know if you noticed it, there are parents on the other side. this happens a lot. any of us who have kids, they wait on the other side, they go in, have fun. that is what you're dealing with. the most important thing right now, we don't know where everyone is, it's family unification. i've done disasters throughout my career. it's the thing that motivates every person is where is my child? and so what you're seeing now is on social media, there's a lot of focus, there's a hotel nearby where family unification is happening. that way they'll be able to figure out is 19 the only casualties we have and it's the 50-plus in hospitals the only ones that are missing? because we just have a data problem, not to sound, you know, too objective about it, you just have a num

we go to juliette saly. in the u.k. the military will guard sports events. after meeting with her top security official, the u.k. prime minister theresa may announced that intelligence analyst had raised the terrorism threat to its highest level for the first time in a decade. >> the threat level should be increased for the time being from severe to critical. the assessment is not only that an attack remains highly likely but that a further attack may be imminent. president trump's first budget has been dismissed by critics as a fantasy. it would reduce the government's role so -- cutting social safety nets and negatively impacting several poor who repelled them to the white house. proposes spending cuts of $3 trillion including cuts to food stamps, medicaid, and low income housing assistance. philadelphia fed president patrick harker has said june is a distinct possibility for the central banks interest rate increase. what investorst are thinking. win the fomc concludes its meeting. the fed lifted rates in marks -- in march. policymakers expect to more incr

juliette saly. juliette: the u.s. an agreement for china to provide greater access to american natural gas exporters as part of a broader effort to begin reshaping the trade relationship between the worlds two largest economies. covers 10 areas where trade negotiators from the u.s. and china have reached consensus, anduding agricultural trade market access. we will be speaking with wilbur ross about 1:30 p.m. u.k. time. in the u.s., president trump has described former fbi james comey as "a grand stander," and says he would have fired him no matter the meme at the nation -- no matter the recommendation. he also told nbc that the fbi has been in turmoil for months, and that comey was not the right person to help it recover. pres. trump: what i did is i was going to fire comey. my decision. >> you had made the decision before they came into the room? pres. trump: i was going to fire comey. there is no good time to do it, by the way. isiette: saudi arabia preparing to cement ties to president donald trump by committing t

juliette: anna, thank you. in saudi arabia, u.s. president donald trump has told arab leaders that the war on terrorism isn't a fight between different faiths. he also called on middle east allies not to wait for the u.s., and to ensure terrorists are offered no sexually. it was an attempt to ease concerns and the trump administration discrimination against islam in the wake of an attempt to ban people from muslim majority countries from entering the u.s. >> when young muslim men and women should have the chance to build a new era of prosperity for themselves, it has to be done, and we have to let them do it. summit,'s help this will mark the beginning of the end for those who practice terror and spread its vital creed. -- vile cree. d. juliette: donald trump plans to propose cuts to entitlement programs for lower income americans. this is part of an effort to balance the budget within a decade. according to a congressional aide and a white house document obtained by bloomberg, the white house will issue a formal budget request tomo

here is juliette. juliette: thank you.resident trump has tweeted the government needs a good shuts down and september after congress agreed to a budget bill denying him his wish list. no money for his mexican border wall, a small cuts to the epa and full funding for plant heritage. democrats called his threat sour and shameful. and his pick for investors say there may be a sanction with chinese companies. the senate foreign relations committee, recent actions by the north including another failed missile test has been able to convince china to take the situation much more seriously. >> there are other things they can do double medically and economically to send a clear signal that they as well of the united states and other countries in the world do not tolerate this expansion of nuclear technology and missiles by the north korean leadership. >> the prime minister has vowed she will not be pushed around in brexit talks with the european union as the war of words with brussels escalates. said jean-claude juncker is learning

thank you, juliette.ll. >>> another blow to the president's travel ban after the fourth circuit court of appeals upholds the block on it. this ain't over yet. including the full-sized introducingsprintercedes-benz family of vans. and the mid-sized metris. ...if these are your wingtips... ...if this is your gourmet latte... then these are your vans. vans for professionals. strictly professionals. best commercial van residual value according to alg and starting at just $25,995. mercedes-benz. vans. born to run. >>> a federal appeals court has ruled to uphold the block on president trump's travel ban, saying it "drips with religious intolerance, animus and discrimination." the decision is prompting the trump administration for its part to vow to take this all the way to the supreme court. the attorney general issuing a statement saying the department of justice strongly disagrees with the decision of the divided court, which blocks the president's efforts to strengthen this country's national security." >>>

kpix 5's juliette goodrich says the boy was just about a block away from high school. >> reporter: it is heartbreaking. he was just a few blocks away from his high school. he is on the honor roll and the debate team and loved by all. he was just on his way to school when a train struck him from behind and he had no idea. >> he was committed to crossing the bridge that you see there. and there wasn't room and the train hit him. >> reporter: a heartbreaking reminder of what happened this morning, a 16-year-old's bike left on the train tracks after he was struck. he was on his way to kipp king collegial high school a few blocks away. >> he will be missed. we are all heartbroken. [ crying ] >> reporter: many parents today showed up at the high school and nearby middle school after hearing what happened. not sure who it had happened to. >> 16-year-old. it's sad. >> reporter: the sergeant urges everyone to stay away from train tracks even if the train route to school or wherever saves time. >> parents, talk to your kids. let's not have our kids traverse along the railroad tracks. there's so

let's get the bloomberg business flash with juliette saly. juliette: anna, thank you.rtedly plans to cut about 10% of staff worldwide as the ceo faces escalating pressure to boost profits and the languishing stock price. sayswall street journal" that job cuts are expected to be outlined as early as this week. ford says "we have not announced anything, nor do we comment on speculation." ubs's largest shareholder is slashing ownership in the swiss bank as the singapore sovereign fund is selling its 2.4% stake. gic said conditions have changed fundamentally since it invested dding it was 2008, disappointed to have lost money on the investment. elliott management has set out new demands to change at bhp billiton. is a it called on the world's largest miner to conduct an independent review of its oil unit and reviewing proposal to downgrade the suppliers in australia. a former bank of america senior vice president and her house and have been charged with embezzling more than $2.7 million. are accused of making charitable donations on behalf of the lender before using intimi

juliette saly is here with that.: we are mostly -- juliette: we are mostly lower apartment again. i'm going to talk about why we are seeing this weakness the sweetness in asian markets. it is really to do with this: you can see on the gmm, and that is commodities. you have seen copper fall the most since 2015. its biggesting slump, down over 7.5%, playing heavily into the resource markets in the region, like malaysia, which is down .8%. australia's asx 200 down by .5%. commodities players feeling the heat. if you have a look at korea, this is a market that has continued to outshine. very interesting fundamentals on the bloomberg showing that the 9.5% run we are seeing in the kospi so far this year has further links to go because of go.fact -- lengths to it is below the 50 average at the moment. because the hitting a record high in intraday trade. that a switch that out and have a look at some of the other movies on the gmm, particularly in terms of the bond market. the fed coming to rather hawkish overnight. further

juliette goodrich shows us how his teammates and friends are rallying around him. >> reporter: robert taylor, a uc berkeley sophomore was injured during saturday's championship win against arkansas state. it was played in santa clara. the six five five starter was injured early in the game. it was during a maul that he got pushed to the ground. left paralyzed from the waste down. this video was from a match in february. he was a starter at the lock position. after his surgery saturday, the entire cal rugby team visited him in the hospital. in the waiting room, they signed well wishes to him on a cal jersey. teammates say robert has a strong faith and positive outlook. they say he is always smiling and never fails to light up a room. even with a neck brace on, he is still smiling from his hospital bed. his team says despite what lies ahead, robert and his family are touched by all of the support from friends and the community. robert's former coach from jesuit high school in carmichael says robert is not one hope. >> a good young man of faith. he believes in his faith a lot. i'm sure t

juliette: in the u.s.mong house republicans plan to vote on their long stalled obamacare appeal measure. -- repeal measure. it comes after six weeks of agonizing how the gop would liver on years of promises to repeal obamacare as well as intense pressure the white house. republican moderates remain opposed are undecided. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . it has been a bit of a downbeat day across asian equity markets. japan still closed, hong kong down .41% after the lunch break area that weakness and iron ore and copper weighing into the asx 200. also into the malaysian market. look at the tykes, they are getting close to the tight -- to the 10,000 point level. hitting a record high in intraday trading. we have been watching in the region fortescue metals group, one of the biggest decliners on that huge jump in iron ore, futures and china dropping over 7%, the biggest fall in th

that's where juliette goodrich is now. >> reporter: well, a lot of rattled nerves in this walnut creek neighborhood after this string of suspicious fires. in fact, directly behind me is the driveway where a car was torched overnight. they just towed the car but you can see some of the damage. and this is just one of many happening in contra costa county. a family was inside their walnut creek home when their sedan parked in the driveway burst into flames. it happened just after midnight. firefighters were able to put out the fire before any damage was done to the home. within the same hour a white suv two miles away in lafayette was set on fire. it happened on padre street. today police were in both neighborhoods checking to see if homes had surveillance cameras recording at the time of the fires. >> this is just recent in the last few years. it's gotten worse. >> reporter: paul lived in this walnut creek neighborhood for more than 30 years and says he may get more security than he already has now. >> get a cam outside and we have a security system inside. we have a large guard dog. bu

juliette goodrich, kpix 5, san jose. >>> 4:41. the bay area's brutal housing market is tough for first time home buyers. we'll take a look at some of the challenges facing young people. >> plus, a pair of hikers gets trapped on a steep bay area cliffside. we'll show you the rescue. ♪[ music ] ,, who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these caretakers, advocates too? turns out, it's californians it's me and it's you. don't stop now, it's easy to add to the routine. join energy upgrade california and do your thing. chopper 5 was overhead as rescuers helped a guy stuck on the bluffs at fort funston. oman were hiking w >>> an evening hike turns into a rescue mission. chopper 5 was overhead as rescuers helped the guy stuck on the bluffs at fourth funston. he and a woman were hiking when they somehow got trapped. teams had to rappel down to get them to gro

kpix5's juliette goodrich tells us why the victim says the agency hasn't done enough to protect people. >> as we pulled into the station, there was a mob of juveniles that were beating on the train as we pulled into the station. >> reporter: that was the open coliseum stop. rusty staff was with his wife and daughter, headed home to dublin after a birthday dinner in the city. >> as soon as the doors opened, the mob came in and immediately started robbing and beating individuals. they beat me first. i had two on top of me punching me and i had a third individual on top kicking me. >> reporter: rusty's attorney has filed the claim. it's asking for more than $1 million in damages and trauma. the claim states b.a.r.t. failed to ensure adequate security measures to prevent these attacks from occurring. >> when they walked on the train, there wasn't a care in the world. they didn't hed at a time to what they -- hesitate to what they did. they didn't say a word to anybody. they immediately started beating and robbing us. >> reporter: b.a.r.t. officials have not made an official statement or co

the father told juliette goodrich he was beaten up in front of his wife and daughter. >> as we pulled into the station, there was a mob of juveniles that were beating on the train as we pulled into the station. >> reporter: that was the open coliseum stop. rusty staff was with his wife and daughter headed home to dublin after a birthday dinner in the city. >> as soon as the doors opened, the mob came in and immediately started robbing and beating individuals. they beat me first. i had two on top of me punching me and i had a third individual on top kicking my. >> reporter: rusty's attorney filed the claim. it's asking for more than $1 million in damages and trauma. the claim states b.a.r.t. failed to insure adequate security measures to prevent these attacks from occurring. >> when i walked on the train, there wasn't a care in the world. they didn't hesitate to what they did. they didn't say a word to anybody. they immediately started beating and robbing. >> reporter: b.a.r.t. officials have not made an official statement or comment about this claim that's been filed, but they do have

thank you, juliette kayyem. i actually forgot it was mother's day day. >> you're in trouble! >> hopefully, your mother isn't watching just quite yet. >> i hope not! >>> more are going to be interviewed for a the fbi director post. president trump defending his choice to fire james comey and given a time line for how soon he could announce his replacement. >>> plus a major cyberattack sparking worldwide fear. what you need to know before you head back to work tomorrow and fire up your computer. that is ahead. >>> melissa mccarthy back on "snl." not as herself as you know. but as sean spicer. >> can you just do this full-time instead of him? >> yeah. i'd also like to ask that question because you are clearly articulate and charming, whereas, sean is bullish. h, no . oh no, looks like somebody needs a new network. when i got this unlimited plan they told me they were all the same. they're not. verizon has the largest, most-reliable 4g lte network in america. it's basically made for places like this. honey, what if it was just us out here? right. so, i ordered you a car. thank yo