anna: thank you, juliette saly. we've got a headline that says in tn diffuse a claim by nigeria's central bank over $8.1 billion in refunds. banks toad ordered for return more than $8 billion. story, andigeria's ongoing situation regarding to the dealings in nigeria. this is the latest call from the central bank for this big refund . our top story, back to that, euros president donald trump says talks with canada to overhaul the was american free trade agreement are going well, expressing optimism that the two countries could reach a deal this week. are negotiating with him right now. they want to be part of the deal. and i thinkl friday we are on track. we will see what happens, but in any event, things are working out very well. meanwhile, justin trudeau has said his government's trying to reach agreement with the u.s. this week but added that canada want sacrifices goal of getting the right deal. it's all that in mind, let's go to tokyo now. you thisod to see morning. the midnight oil is burning in washington wit

juliette: thank you.nald trump's longtime lawyer and six are, michael cohen, admitted he made illegal campaign contributions at the behest of trump. name was not's mentioned at the hearing. the crimes he admitted to matched the money paid to stephanie clifford to keep quiet about an affair she claimed to have had with trump. cohen also admitted he took part in a scheme to pay $150,000 to a second woman to keep her story out of the press. donaldal jury convicted trump's former campaign chairman, paul manafort, of tax and bank fraud, ending a tense legal drama. manafort is scheduled for a second trial next month on charges of money laundering, obstruction of justice, and acting as an unregistered foreign agent of ukraine. the verdict has a crucial victory to special counsel robert mueller as they question the lib dems me -- the legitimacy of his work. the mexican peso gained against the dollar as they move closer toward the consensus on how to forge a new nafta deal. progress is being made. there is no broa

juliette saly in singapore.president trump has threatened to pull out of the wto if it does not treat the united states better. he spoke exclusively with bloomberg's editor in chief john mickelthwait, saying that nafta was the second worst trade deal ever made apart from the wto. president trump: i would say the wto was the single worst trade deal ever made, and if they do not shape up, i would withdraw from the wto. anna: and in another sign that trade disputes between the united states and their allies are not soaring, he dismissed the eu's offered to scrap tariffs on auto imports. president trump: not good enough, nope. they do a lot more auto business then we will ever do. first of all, it is not just tariffs, there are barriers. downwill take the barriers and charges no tax, but it is not good enough because they will always sell more cars. their cars, their consumer habits are buying their cars, not our cars. anna: donald trump hit out again at china, saying the world's second-largest economy would not out

juliette saly is in singapore. juliette?uliette: serbia's capital management is among parties holding talks to acquire a stake in swiss for. bloomberg has learned that hna is working for and risers -- working with advisers on the possibility. swissport could be valued at $3 billion. representatives declined to comment. pay $4.9 billion -- the bank of pay $4.9 billion relating to the housing crisis. rbs disputes the allegations and did not admit to them agreeing to settle. a spokesman was not immediately available for comment. a week after elon musk shocked the market by proclaiming tesla may become a private company, evidence has piled up that he tweeted too soon. sources have told bloomberg that goldman sachs had not been formally tapped as a financial advisor when musk revealed its plan. the private equity firm silver lake still had not officially signed on when he tweeted monday that he had been working with them. a representative for goldman sachs declined to comment, while representatives for silver lake and tesla did n

juliette: thank you. the u.s.n imposing 25% duties on another -- from august 23, u.s. customs will begin collecting the duties on 279 product lines, down from 284 items on the initial list. it will be the second time washington slaps duties on chinese goods in the past month, despite complaints by american companies that such moves will raise business costs and consumer prices. meanwhile, china's exports have grown faster than expected while imports surge as domestic and international demand continue to rise despite the uncertainty of trade relations with the u.s. july inrose 12.2% in dollar terms from one year earlier while imports climbed 27.3 percent, leaving a trade surplus of $28 billion. u.s. president donald trump has said he will make an announcement next week that ash prescription drug prices. he made the comment in new jersey but did not further explain what action he would take. pres. trump: these companies are very -- the prices are too high. we are announcing something this week to get them down reall

juliette saly is standing by.de talks are scheduled later this month, the chinese delegation will be with an american group. it will mark the first official exchanges since earlier negotiations broke down two months ago. haschinese communist party issued a rare direct criticism of donald trump's agenda saying his america first policies were hurting his own people. the white house says it needs tariffs on turkish goods to stay in place. erdogan [inaudible] the white house said u.s. tariffs will remain. is investing $50 billion in his country as well as reaching out to germany's angela merkel for support. in the u.s., donald has revoked a former cia director, john brennan since security clearance conduct him of erratic and behavior. he was a 25 year veteran of the intelligence agency before leaving it under president barack obama -- leading it and has been an outspoken critic of trump. >> i have decided to revoke the clearance of john brennan, former director of the central intelligence agency. his recent conduct is

anna: thank you, juliette saly in singapore.rate story that will matter to you if you are traveling by ryanair. with majorappling strikes for the first time in its 30 year history. it matters if you are an investor, because obstruction is set to reach a new peak. or hundred flights lost across five nations as pilots ramp up a wrest better- contracts from the company. how did we get here? is basically the unions trying to show they also have a voice here. about a year ago, there were no unions at ryanair and now, this is what they have to contend with. management was always forceful in their opposition to union voices, but this is something to deal with now. the big thrust of the strike is about 250 with flights canceled here today alone. that is almost 40,000 people affected and will have a substantial hit on the operations in germany. they warned about this a couple days ago, but germany is a key market for ryanair. they are expanded here and others are expanding here. they need to be careful this doesn't become an issue of peo

juliette saly is in singapore. juliette: u.s. president donald trump says he expected jerome learned- bloomberg has he said to wealthy republican donors on friday he has raised interest rates, five times. including twice this year under powell. the president nominated the fed chair. meanwhile, president trump said he will not make concessions to turkey until he secures the freedom of the evangelical pastor. he also repeated his claim that china and europe manipulate their currencies. goods, beijing lowers the level of the yuan. problems from dodgy data are in the past according to the man in charge of government statistics. exclusive interview, he says the country's growth will exceed its annual target by 6.5%. 6.8% economica's growth in the first half of this year, domestic consumption contributed 78 .5%, while domestic investment accounted for 31%. exports went down. andking about growth achieving a target of 6.5%, china is not that affected by the fall in exports. australia's prime minister malcolm turnbull has survived a lead

juliette saly has your business flash. juliette: manus, i find my voice.g investigation is said to have found evidence adjusting that standard chatters iranian business was more extensive than previously admitted. are said to bes weighing criminal penalties against the bank and its employees. the spokesman said that they will continue to cooperate with investigations and are engaged with ongoing discussions with authorities. goldman sachs telling traders to be very of the federal reserve chairman's comments last week as on.sh interest rates that comes as the 10 year treasury yield fell on friday after this beach at the kansas city fair annual policy symposium. he said that there does not seem to be an elevated risk for overheating. yields have fallen to the lowest since 2007. investors led by blackstone will start marketing $8 billion of risky corporate loans next week. it would be the biggest leverage loan offering of the year. bloomberg led by bank of america, is holding investor meetings next tuesday in a london and wednesday in new york. bloomberg lp,

juliette: you retire in december.old me you might be traveling, but for the broader business, can shareholders be confident capitaland is in good hands? mr. lim: yes. i think we have laid a strong foundation, a strong portfolio. if you look at the quality of the earnings, very high quality earnings, so we are in a good position. i think we have a strong team of i am quite and confident we will be able to find a good successor to take over the company. my immediate priority is to make sure it is a smooth transition. julie at: what's on your capitaland bucket list the next few months, before you retire? mr. lim: to make sure there is a smooth transition. that will be, the board has made good progress in identifying a good successor. juliette: thanks so much for joining us after the release of your earnings. ramy, that was the capitaland ceo and managing director at capitaland in singapore. ramy: that was juliette with capitaland ceo lim ming yan. some breaking news crossing the terminal, japan's current account balance,

juliette: the u.s.asury secretary has said washington is ready to hit turkey with more sanctions of president erdogan refuses the quick release of an american pastor. his comments have escalated the diplomatic --. the lira and japanese yen rallied. >> secretary pompeo and myself on the release of the pastor, we have put sanctions on several of their cabinet members. working with you, we have more that we are planning to do that we will release quickly. juliette: donald trump has prodded china to offer more at the bargaining table, as the countries prepare for the first major negotiation in more than two months. that is as the world two biggest economies step up efforts to avoid an all-out trade war. president trump: china very much wants to talk. they have not been able to give us a deal that is acceptable. we will not do any deal until we get one that is fair to our country. juliette: australia's central bank chief has said interest rates are likely to remain at a record low for a while, while lamentin

juliette saly in singapore. juliette: u.s. negotiations have wrapped up with no major progress, setting the stage for further escalation of the trade war. conclusion of the talks came hours after beijing and washington rolled out their latest round of tit-for-tat tariffs. bloomberg understands that no further meetings have been scheduled, while chinese officials raised the possibility that negotiations could now be on hold until after november's midterm elections in the united rates. -- states. china has removed limits on foreign holdings in domestic banks and asset management companies. under the new rules, overseas financial institutions will be treated the same as local companies. foreign fakes were previously capped at 20% for a single institution and 25% for a group of foreign investors. the move marks the latest step towards opening its $48 trillion financial sector. two key republican senators have signaled to donald trump that he could replace session general just after the midterm elections in november. lindsey graham

juliette, that's juliette saly with your news.lian government is considering including state lender cdp in a takeover of atlantia's out a strong up. the role for the lender is just one option being weighed. for more, bloomberg's italy senior reporter joins us. expect? what do we comments on this plan? bongiorno, matt. they will assess the impact on its business of the tragedy and facingition they are from the government. what is clear is the government will try all of what it can do concession.e we are expecting atlantia somehow to respond to the government and to tell its investors what atlantia can do. how does this work? what with the italian governments do next? what can it do next? what are the options it has. >> that's the big question. content wants to revoke the concession to atlantia. falls the normal ways, the concession contract, the government would be forced to pay atlantia an indemnity for the concession. it's worth about 22 billion euros according to an analyst this morning. it's clearly a difficult road for the gov

juliette, thank you. juliette saly in singapore. asian equities traded mixed as u.s.-china trade negotiations produced no breakthrough. the dollar slipped ahead of address -- an address from jay powell at jackson hole, and the aussie jumped after treasurer stop -- scott morrison replaced malcolm turnbull. singapore live from is mark cudmore, from the mliv team. let me first ask about jackson hole. kuroda is not going, draghi is not going, but it is the most important news to look forward to over the next 24 hours, over the weekend. what do you expect? i got really bad news and i hate to disappoint you, but i am not sure jackson hole will be very interesting. it hasn't caused a big moving u.s. yield since operation twist was announced in 2011. nearly seven years without a big reaction from jackson hole. that said, the one reason people are a little excited apart from not much else going on, is because of the large treasury shorts out there. this has not been going well for a while and yield has been drifting lower. it doesn't look like any hawkish talk can get them hig

juliette saly joining us out of singapore.he world's biggest miner says the increasing protectionism has hurt economic growth. for now, andrew mackenzie, ceo of bhp billiton, does not see slowdown for his company, especially in china. >> we are not seeing any slowdown in china. perhaps a little bit in copper. other than that everything is going well. obviously the concerns we have moving forward is if protectionism does take hold, it will have a dampening effect on the global economy. that ultimately will affect bhp. we do expect china will mitigate some of the impacts it faces. we do not just sell to china. it will do more to stimulate domestic demand. it is going to work harder to actually encourage exporters. from what i learned talking to trade ministers around the world , there's a lot of countries in the world that want to trade more with each other. the u.s. wants to trade less with them. china will absolutely walk into that and seek exports with other people. we do not think the impact on china, even as these issues be

let's get a first word news update with juliette saly. juliette: u.s. commerce secretary wilbur ross signaled more pain ahead unless china changes its economic system. he told fox news that the administration will create a situation where it is harder for the people's republic to continue what he called "bad practices" than it would be to reform. beijing has repeatedly pledged to respond in kind while the -- the foreign minister said tariffs also hurt american companies. u.k. prime minister theresa may meets french president emmanuel macron today as part of a diplomatic drive to win european leaders over to her brexit vision. with just 11 weeks until a divorce accord is meant to be signed, may needs to chart a path to a deal. carney discussed brexit with bloomberg after raising interest rates for only the second time since the 2008 financial crisis. mark: the important thing is that this is the right decision for the economy given the track that it is on. obviously, there is a wide range of brexit outcomes possible. we all hope by the end of the year, w

juliette: the u.s. and mexico will commit to maintain transparency over how they manage their currencies as part of their trade deal. that comes after donald trump announced monday he plans to sign a new trade deal with mexico intended to replace nafta. toldo's economy minister bloomberg the pact will add a clause that commits the countries to transparency in currency matters. thailand's central bank is under no imminent pressure to raise interest rates like emerging market peers elsewhere given the nation's solid buffers and relatively strong currency. that is according to the banks -- bank's governor, who spoke to bloomberg in an exclusive interview. >> strong positions. we have strong enough buffers, so we are not under pressure. juliette: global news 24 hours a day, on-air and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. thanks very much. juliette saly in singapore with your first word news. asian stocks, struggling for directio

let's get a bloomberg first word update with juliette saly. juliette: the u.s.e poised to resolve their differences as soon as today. significant breakthroughs between the two countries came in the past several days on the issues of cars and energy. it creates an opening for canada to rejoin talks, covering $1.2 trillion in trade. china's central bank has strengthened the yuan's reference rate. that's as the people's bank of china limited declines in the currency as the fed raises rates. it's the 13th day in a row the reference rate has been stronger than expected, the longest run since boomer started publishing and fixing forecast in august of last year. north korea's main newspaper has accused the u.s. of staging military drills to prepare an invasion, while at the same time pursuing dialogue with a "smile on its face." they allegedly american troop movements in the region and said they threatened to derail the dialogue between the two countries. the pentagon call the accusation fetched." this comes after donald trump ordered mike pompeo to cancel a trip to py

juliette saly in singapore. juliette: thank you. turkey may be on the path towards a 300 basis point as banksrate increase have been cut off from borrowing at the benchmark 17.75% repo the and forth to turn to overnight lending rate currently at 19.25%. it is trying to counter the lira's slump without formally hiking. cutey's credit rating was further into junk by both s&p global ratings and moody's. venezuela has taken drastic measures to shore up its economy, devaluing it by 95%. the official rate will leap from 285,000 to the dollar to 6 million. the government will try to offset the shock by raising the minimum wage three point 5000% -- 3500%. italy will press ahead with plans to revoke the highway concession despite its parent company's offer of 500 million euros in initial eight after the deadly jamila breach collapse. it mustty premier said open its wallet, rebuild everything, and compensate everyone for the disaster. donald trump's lawyer has said "truth is not truth" when discussing why having the president interviewed by r

juliette kayyem, always appreciate your insight. we continue to see a pervasive messaging campaign by russia to try to weaken and divide the united states. >> in helsinki, i had a great meeting with putin. >> as i have said consistently, russia attempted to interfere with the

let's get the bloomberg first word news update with juliette saly in singapore. juliette: the u.s.o are in the final stages of negotiating nafta. the two sides have exchanged new proposals for the auto industry and mexico's economy minister is scheduled to travel to mexico tomorrow -- to washington tomorrow. his second visit in as many weeks. the issue has been one of the biggest sticking points in efforts to overhaul the north american free trade agreement. theresa may will fly to meet emmanuel macron and his holiday retreat to discuss brexit on friday. may is on holiday with her husband, but will leave a day earlier than planned to travel to the south of france for discussions on britain's withdrawal from the european union. the uk's engaged in an intense bout of shuttle diplomacy as they attempt to persuade other governments to support its blueprint for brexit. made off, thieves have with crown jewels in a daring heist. the raiders took two crowns and the royal orb from the cathedral in strega west of stockholm. two men were seen jumping into a motorboat a low the cathedral. pol

juliette: u.s. commerce secretary wilbur ross has are going ahead and less china changes its economic system. give ministry should will create -- where it is harder for the continuerepublic to bad practices than it would be to reform. aging has pledged to -- tourist -- beijing has pledged to respond in kind. >> the u.s. is trying to put china on -- pressure on china. we do not think that approach will work. china is ready to talk to anyone who is ready to talk to us. but this kind of dialogue has to take place on a basis of mutual respect and equality. in the u.s., a bipartisan group of senators has introduced legislation to impose sanctions on russia. the plan includes penalties affecting russian sovereign debt and energy projects. republican senator lindsey senators goal is to impose sanctions against vladimir putin russia until he ceases meddling in the u.s. electoral process, stops cyberattacks, and removes russia from the ukraine. some bob boy and election officials say the president won -- zim

juliette saly joins us from singapore.e: elon musk has made a dramatic u-turn on his controversial attempts to take tesla private. in a late-night blog posts, he wrote the electric carmaker will remain public after shareholders failed to get behind the move. meanwhile, the wall street journal is reporting one of the investors elon musk have lined up for the failed plan was -- china petroleum and chemical has raised its dividend payout by 60% after half-year earnings jumped to a record. the world's biggest refiner by capacity known as the sinopec said income rose 52% in the first six months. that was fueled by improving refining processes in a rebounding crude price as well as -- that brought its exploration unit closer to breaking even. bayer's blood thinning drug did not reduce clotting in high risk patients. a setback for one of the manufacturer's best-selling drugs. about 12,000 patients had increased risk of blood clotting and took part in the trial. sales and listed the drug as one of its key growth products in its an

anna: juliette saly in singapore.dministration is ramping up efforts to defend tariffs on chinese products, portraying the chinese economy is weak. this comes as chinese foreign-exchange reserves are due later today. the central bank continue to refrain from selling currency to curb at the klein in the yuan. -- curb a decline in the you .ant -- yuan are you expecting the pboc will spend vast amounts to support the currency, or not yet? >> know, partly because there are multiple interest mints -- instruments and policies they can use and not rely on outright intervention. the key is to understand their goal. is therel to our minds going to manage and control the volatility of the currency rather than try and impose an artificial level. that is why is less of a strain on the actual reserves. they are not going to try to set a line in the stand. -- sand.nt ltd. -- sand. manus: the reverberations in the commodity markets, they are felt in the emerging markets, from the fed in from trade wars. one year low on commodities.

juliette touched on this a little bit. they're going to be pulling these clearances and putting this information out when they need to distract from something. that's blatantly political. >> of course it's blatantly political. but we have to go to the very basis of what trump is doing here. and that is he is as part of a cover-up, is trying to undermine and bury the mueller investigation at every turn. and that includes through all this diversionary action. i've talked to people in the white house, lawyers involved defending some former white house people, people in his administration and all of them say trump is both in a panic right now about the mueller investigation and where it is leading in terms of investigating collusion involving key members of his administration and his campaign, perhaps himself, perhaps his family. and we are also witnessing right now an unprecedented revolt. let's look at what these statements by these 65 officials of the intelligence community really are. since the establishment of the intelli

let's get a first word news update with juliette saly. juliette: donald trump has rejected the european union's removal ofrap tariffs on cars. his comments came hours after trade-- the committee -- commissioner told european parliament lawmakers the eu would be willing to bring down even our car tariffs 20 come all tariffs to zero if the u.s. does the same. >> nope. because they do a lot more auto business than we will ever do. not justall, it is terrorists. they have barriers to our cars. a will take down the barriers and charge us no tax but it is not good enough because they will always sell more cars. habits,bits, consumer or to buy their cars and not our cars. is currencygentine crisis has deepened as an emergency interest rate increased to 60% failed to stop investors from pulling money out of the country. the peso extended losses after the bank raised its measure to a global high. the hike, the second this month, was the latest attempt by policymakers to defend a currency that has lost more than half its value this year. indonesia'

let's go to juliette saly with the bloomberg business flash. juliette: snapchat's parent has reported a first ever quarterly drop in users that sales topped expectations. second quarter daily average users fell 2% from the previous period to 188 million. controversial redesign of the app is hindering growth, missing expectations. that and the news that the saudi billionaire has taken a state lifted shares a little in after-hours trade. upbeats ceo has given an view of his plans for new video streaming services and of the $71 billion buyout of fox entertainment asset. this has earnings missed estimates due to film write-offs. tiger said how he sees the deal enhancing the company's global offering. has a significant stake in sky, the most successful paid television company in europe. the addition of these assets will greatly enhance our position as a global entertainment company with excellent production and distribution businesses in key and emerging markets around the world. juliette: papa john's comparable north america sales fell 6.1% in its

juliette? >> reporter: they certainly did and these students tell me they were tired of getting called into the principal's office for what they were wearing. they said the majority of the s th stores aren't allowed in school and they wanted to change that. come monday abby rose will be able to wear her favorite ripped jeans on the first day of school and won't be sent home. so you basically were tired of getting called in for your outfits. >> yeah. they used to pull me out of class, too, which that's not okay. >> reporter: but she found her voice with a group of other students who spent two years trying to get the school dress code revised. what was that like speaking before the district? >> it was crazy, but it was like a really eye opening experience. >> reporter: and the district listened. >> and a number of other school districts across the country are making similar changes to their dress code policy. so it's really a movement sweeping across the country now. >> reporter: alameda unified

juliette saly in singapore.tte: china may temporarily halt purchases of -- of natural gas through the winter to avoid potential tariffs amid the trade can't -- trade conflicts with america. would get cargo from other come -- countries and force shipments to avoid paying additional tariffs. petrochina could not immediately comment. is. president donald trump "truly a racist and a con when it comes to diversity. that is according to former white house aide omaroassa. she wrote a tell all book about the first year of trump's administration and said she wrote a -- has a secret tape of her firing. the comments drew him or puke the white house as administration moves aggressively to counterclaims it made in the book. spacecraftunched a that aims to fly closer to the sun than any mission in history. the solar probe lifted off from cape canaveral at the start of a mission to touch the edge of the sun. inwill reach solar orbit november and make 24 close approaches to the sun over the next seven years. president ronald tr

much,thank you very juliette saly.ote on what is to come, we will bring an interview with it bank of england governor, mark carney at 4:00 p.m. u.k. time. we'll hear from them around interest rates. what will they say about the neutral rate? let's get back to the earnings story. lehman just reported its numbers. a bid to boost profitability and navigate large-scale technology disruption at many of its big industries. joeing us from munich is kaeser who has appeared many times on her program. we can start with the restructuring which is of great interest. want to ask you about the performance in the business in the last quarter. how happy are you with the performance of the business? has it underperformed in some areas? i think we have a little problem with getting to joe. it was fleeting that we will try to get that back for you and return to that conversation with him. in the meantime the federal served as left interest rates unchanged. officials stuck with a plan to lift barring cost amid strong growth. let's pull a

juliette: the u.k.ill signal today that he wants life to continue -- it wants life to continue as normal. the brexit secretary will say that individual institutions need to agree to sensible solutions. that comes as the -- as they publish the round of 80 technical notices expanding how businesses should prepare for a collapse in talks with the eu and we will bring you our interview with the international trade secretary liam fox tomorrow. global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. guy: thank you. let's stay in asia. stocks reasonably mixed, the dollar rallying for the first time in six days. investors awaiting the annual jackson hole gathering of global central bankers. not signaling tightening in the minutes delivered last night. i did not mention politics in that run through of what is happening. your view is that the market is being too complacent. mark: i think so. i understand why they

juliette, thank you. juliette saly in singapore. the lira has plunged to new as turkish relations with the u.s. continued to sour and the euro dropped this morning on well -- on fears of contagion from the lira route. this comes ahead of speeches by the country's finance minister. we heard from the turkish president earlier. outline a "new economy with single-digit atlation in a move aimed reassuring investors." from singapore is mark cudmore, mliv strategist. we saw a big spike in the lira, which because of the dollar priced in lira, we have seen a drop in the lira when the chart goes up. what caused that huge spike? mark: it is a broken market today. erdogan think she can turn the market around by words, reassuring his people with a stirring speech and telling them we will have a new economic model. you can't mandate single-digit inflation. the inflation market has been in double digits for a while, core inflation double-digit's, headline inflation double-digit's. inflation is running out of control and when you're currency falls

juliette, thank you.hatis worth mentioning -- we are seeing on the index futures is the market is down 1.4 percent this morning. it will be another turbulent day. we will watch that market very carefully. andill bring you the open we will bring you what happens in south africa which could have indications for the london market open as well. turning our attention to stateside, tesla's plans to go private. saudi sovereign wealth fund is said to be in talks. it can beoring how involved in the potential deal which could be worth $82 billion. joining us now is stephen engle, our chief north asia correspondent. thank you for joining us. clarity this week on which direction the story is going to take? think we will get a little more clarity and that is what people are seeking. arabia potential increase in investment is an interesting one. it sort of makes sense for the public investment fund, they have already been accumulating nearly a 5% stake in tesla. they are interested in joining this privatization. they h

juliette, thanks very much. juliette saly in singapore. let's talk tech.n a moment, the latest from hong kong on tencent shareholders' $150 billion wiped out but first, let's bring you our exclusive with the ceo of logitech. francisco, hesan weighed in on what the impact of the trade war will be on his business. everybody has manufacturing and shipping from china into the u.s. is working. the first round of tariffs, if there is a second or third, we don't know yet but the first round is out there and we have had to adjust to that. see if andwaiting to when the second round will come and understand the implications in the meantime so we are prepared to act. having to think differently about investment and business decisions because of the uncertainty of trade policy in the u.s.? it isn: right now, uncertain where this is going. i wouldn't say it has directly affected our investment decisions, but we will keep an eye on it and have to adjust and economical regulatory environment, and we well. -- will. >> looking at the china market, it is still a growth engi

juliette: u.s.t donald trump has prodded china to offer more at the bargaining table, as the countries prepare for their first major negotiation in more than two months. that is as the world's two biggest economies step up efforts to avoid a trade war. in the wake of the deadly bridge collapse in italy, investors and the infrastructure company controlled by the family face major losses after the disaster left 39 people dead and ignited a political firestorm. the company said it would protect shareholders and bondholders. the world wealthiest family just got $11.6 billion richer. walmart reported in strongest in more than a decade yesterday, sending the retailers shares soaring as much as 11%. according to the bloomberg billionaires index, the ranking of the world's 500 richest people, the collective net worth billion.over $160 president trump the military parade will probably not happen before next year. the pentagon said it was originally pegged for november the 10th. the statement gave no reason f

back with me, juliette kayyem, carrie cordero and garrett graff.nd they're reporting that she sought out interactions with j.d. gordon who served as trump's campaign director on national security for six months before he moved over to the transition team. that's according to testimony and documents provided to the senate intelligence committee. significant? >> oh, absolutely. what we have to remember is the case that's trying to be made, right now she's in jail. what she's saying or not saying is going to be relevant for any investigation. what's more important is the extent to which we are now seeing how early on in this campaign the national security team, this is not like some finance person, this is the -- one of the leads of trump's very small national security team were receptive to someone like maria. right? in other words, no other campaign in the history of the presidency has had so many russians hanging out around the various teams. so what this reporting shows is that those overtures were very, very close to the election day itself, and

here's juliette saly. thank you. in the u.s. the fed's decision to leave interest rates unchanged has raised the odds for a hike in september. the fomc statement said economic activity is rising at "a strong rate and unemployment remains low." it repeated language about further graduate -- gradual rate increases consistent with a strong market and inflation near its 2% target. the turkish lira has plunged to a record low as the u.s. imposed sanctions on two of president erdogan's ministers over the detention of an american cleric. the u.s. treasury department says turkey's justice and interior ministers have played leading roles in the arrest and andrewon of pastor bronson. erdogan has said he will not bow to what he calls an evangelist and zionist mentality in the u.s. hastrump administration confirmed it is deciding whether to increase tariffs on 200 billion dollars of chinese goods. president donald trump has asked trade representative robert lighthizer to consider hiking the duty which could be them cemented as early as next

bunds are dipping juliette: by five ticks. juliette saly has your first word news.nald national security aide warned the turkish ambassador the u.s. has nothing further to negotiate until a detained american pastor is freed. white house national security adviser john bolton delivered the message to the ambassador yesterday. the standoff between the countries will continue as the financial meltdown spreads to emerging markets. hisident erdogan said country will stick to the rules of the free market economy. turkisha speech to ambassadors in ankara. >> during this process, we as a country have never and would never come, rules of the free market economy. no one should take can cherry assertions seriously. -- contrary assertions seriously. juliette: stabilizing its currency in the wake of an emerging route. it is the highest in the world interest-rate and will sell $500 million to support the peso. the rates andet pledge to keep it at that level until october. the cryptocurrency of the distorted legend network tumbled as much as 17%. the biggest drop since march. the d

. >> so here to discuss, two cnn national security analysts, juliette kayyem and asha rangappa.is a former department of homeland security official and asha is a former fbi special agent. she's also a cnn legal analyst. good evening to both of you. good to have you on. juliette, you just heard the president slam the fbi and justice department saying if it doesn't straighten out he will get involved. how dangerous is that comment? >> well, it's dangerous but it also assumes he hasn't already gotten involved. this man -- the president, you know, fired the fbi director, a part of the department of justice. he went after mccabe. he's going after individual civil servants on twitter. he's going after anyone who has a russia experience. right? anyone who understands the russia investigation. so he's already involved. the other thing is i let there -- watching this and thinking who hired these people? who hired the attorney general? who hired the u.s. attorneys? who hired the deputy attorney general? who hired the head of the fbi? these are his people. he's acting like they, like, fell

juliette kayyem. and scott miller a commercial pilot for 30 years. if this ground worker is able to grab a plane and take off how far is a stretch is it for someone with more sinister intentions to do the same thing. >> there is always going to be a risk in aviation and particularly from what would be known as an insider threat, someone who has gone through security, that the company at least has sort of confidence in. by the time a passenger airline is being filled with people it already has a cockpit staff. it already has the security apparatus surrounding it. in some ways he took advantage of the vulnerabilities because the plane was in fact empty. >> scott, what crossed your mind when you heard about what happened. >> at first i thought he had to have some sort of flight experience in his background. it was curious because when i was coming up in my early 20s i was a ground service worker for an airline first at san francisco and san jose. and i was tow qualified on the aircraft. i was -- at the time i was thinking in the back of my head, you kno

kpix 5's juliette goodrich says his parents wants some answers from the school. >> i felt like he would be safe at school. but he wasn't. >> reporter: on his first day of kindergartener his mom gets a phone call from jackson. more than an hour after school ended. >> he said mommy i made it home. i was, like, you are supposed to be at school. why did you take your phone? he said no, i am at home. >>rt2.s ho. pares ppou home. from frvemta schowhwinds throug home. >> thinking of what could have happened to my son on his way by himself. >> reporter: his parents say after kindergarten their son was supposed to be escorted to a school program on the campus. a program they pay for. he shared his journey home, not knowing street names, just recognizing land marks. >> that way. right there. >> you walked that way. >> then around there. >> and then what? >> then i went -- straight. i went straight. turned. >> second street he said there was two benches and showed me where they were and he cruzed the street -- crossed the street. he said the car stopped. >> reporter: his parents showed up, day two

i'm juliette goodrich. >> and i'm brian hackney. today's shooting in jacksonville, florida left three people dead including the gunman. the burst of gunfire wounded nine people. two others were hurt in the frantic rush to get out. joe vazquez says authorities are trying to figure out why the shooter did it. >> reporter: they were playing a video football game called madden 19. live streaming it to the world when gunshots rang out. >> it was a lot. it was pop, pop. it didn't stop. >> everyone running for their lives. people were being trampled. people were hiding, screaming in fear. >> reporter: police have identified the gunman as 24-year-old david katz. he was a participant in the two-day madden tournament inside a restaurant at a jacksonville mall. federal authorities are now going through katz's home in baltimore looking for evidence. >> i was shot in the ankle. aro of guys dove under the tables. >> reporter: katz was a well known competitor among fellow video gamers. it's still not clear what his motive was. >> he lost twice dur

matt: thanks very much, juliette saly in singapore. asian stock gains, we have been talking about disappeared despite another fresh record from the u.s. counterpart as trade and geopolitical issues cymer and the dollar tip tire but is that -- tipped higher but is that a chance to get in on a down trend? joining me now is mark cudmore. we have seen over the past two dollar weakness. is that set to continue? there are indications that might be the start of a down trend. these are market indicators rather than a shift in fundamentals. the dollar shekel, it seems like a skipper but it is one of the best lead indicators of the dollar. it is not just coincidence. it shekel trade is dominated by the u.s. on the import and export side and capital flows are dominated by the u.s. the dollar shekel tends to leave the big dollar moves, all the major dollar moves for the last 20% plus rally, the slump in 2017 at the rebound this year, all of them were led by dollar shekel. of.roke its therefore implying there is more downside to come. it is being v

here's juliette saly. is sending their minister to the u.s. for trade talks, they will meet with an american group led by the under secretary of the department of the treasury. it will mark the first official exchanges since earlier negotiations broke down two months ago. the chinese communist party's top newspaper has issued a rare direct criticism of donald trump's agenda saying his america first policies are hurting his own people. needs -- house says it needs tariffs to stay in place. a sign the conflict is far from over, the white house said u.s. tariffs will remain therdless of whether american pastor is detained are freed. erdogan is reaching out to angela merkel. meeting to review a financial support program designed to help the country are parrots finances and stay of off -- stave off evaluation. withinance ministers met their bahraini counterparts in the island kingdom. they said their countries were committed to fiscal stability and economic growth. elise pie minister has said he will start the procedure to revoke the license in the

kpix 5's juliette goodrich reports, the child's parents are demanding answers. >> i thought he would be safe at school but he wasn't. >>> reporter: on jackson's first day of kindergarten his mother gets a phone call not from the school but from jackson more than an hour after school ended. >> he said, mommy, i made it home. i was like, jackson, you're supposed to be at school. why did you take your phone? i thought he took his phone to school. he said, no, mommy, i'm at home. i said, who brought you home? he said, nobody. i walked. >> reporter: walked 2.6 miles home. his parents mapped the route from fairview elementary school, which winds through downtown hayward to home. >> just thinking of what could have happened to my son on his way by his self. >> reporter: jackson's parents say after kindergarten, their son was supposed to be escorted to a school youth enrichment program on the campus, a program jackson's parents pay for. jackson shared some of his journey home not knowing street names just recognizing familiar landmarks. rit there. >> you walked that way? >> reporter: and the

with me is bob baer, a cnn security analyst and juliette kiam. good to see you both. we saw this powerful statement from dozens of former cia officials condemning the president's decision to revoke brennan's security clearance. bob, as a former cia case officer, how is this move likely playing with current rank and file members within the cia? >> not well. i looked at those 60 names. there are a lot of very good officers, non-partisan. they are offended by this. it's intimidation by the president to shut them up. frankly, pulling brennan's clearance, there's no justification for it. everybody in the cia knows why you get one pulled. it's unauthorized disclosure, contact with foreign governments, statements that have been made on television that betray secrets. brennan did none of that. this was political retaliation. i think the president is scared of brennan because of what brennan knows about the russian investigation. he trying to shut this thing down, period. >> juliette, brennan described this pulling of security clearance, you know, as an egregious act. he descr

let's get to juliette saly.he will right now are they with the bloomberg first word news -- brighton our day with the first word news. juliette: the u.s. said it will sanction russia for a nerve agent attack in the u.k. washington expects the measures take effect this month and it could be followed by sweeping penalties but -- later this year. a former spy and his daughter fell seriously ill after coming into contact with but british and american authorities say was a powerful russian-made agent. the kremlin denies involvement. saudi arabia has said it will canada foressure on criticizing the arrest of women activists as justin trudeau upheld his stance on human rights. the kingdom's foreign minister says the next wave of retaliatory steps could affect investment flows between the countries. the uk's prime minister is stepping up preparations in case brexit negotiations break down and the country leaves the european union without a deal. theresa may is planning a top-level meeting of for cabinet next month to di

matt: thanks ray much, juliette saly in singapore. german industrial services provider has provided a quarterly net profit and eat the streets expectations with those numbers. let's get straight to the ceo johnny us from the phone from mannheim in germany. the chief executive. talk me through your returned to profit and your outlook for building on that in the future. and goodank you morning. orders up 20%, revenue up 10%, gna is down absolute and as a percentage and profits are up. showsk the top line momentum is established and we are on the way to delivering on our 2020 strategy. guy: let me ask you about a big news story in financial markets. that is the decline we have seen in turkey. what exposure do you have to thaty, projects in turkey may be affected, if any? now currently zero. we are in talks with customers in turkey, potential turkey -- customers and developments will drive those discussions but our exposure right now easier. -- is zero. your concernssk as far as trade is concerned. i had.ee escalation it does not seem lik

kpix5's juliette goodrich spoke to jackson and his parents and they want answers from his school. answers. you know, it was jackson's first day of kindergarten. imagine that. he was supposed to go to this after school program. well, he wasn't taken there. so he started walking home. we're talking more than 2 1/2 miles to get home and his parent want to know how was he ever allowed to leave? >> i felt like he would be safe at school, but he wasn't. >> reporter: on jackson's first day of kindergarten his mom gets a phone call, not from the school but from jackson, more than an hour after school ended. >> he said mommy, i made it home. i was like jackson, you're supposed to be at school. why did you take your phone? i thought he took his phone to school. he said no, mommy. i'm at home. i said who brought you home? he said nobody. i walked. >> reporter: walked 2.6 miles home. his parents mapped the route from fairview elementary school which winds through downtown hayward to home. >> just thinking of what could have happened to my son on his way by himself. >> reporter: jackson's pare