here is juliette saly. juliette: thank you.stepping down to take up the leadership of itv. carolyn mccall will take up the role of itv ceo. the search for her successor has already started. the barclays case picks up in london today with the ex-ceo. and the other men charged with fraud. to payments and loans to qatar. at a hearing this month, the four said they intended to plead not guilty. the bank may face fresh charges related to qatar. toshiba has agreed to hold off on the disposal of of its flash memory chip unit until a court hearing on july 20. western digital is seeking an injunction. that is your bloomberg business flash. anna. very much, juliette saly in hong kong. let us stick with the region and talk about what has happened in china because china may change theeconomic omentum as messick demands further pickup at the nation prospect of a spirit second-quarter gdp expanded at 6.9% year on year, matching the previous period. output albeitstry estimates. the global head of asset allocation still with us. one economist

withs juliette saly bloomberg first word news. juliette: in the middle, the saudi-let block has agreed to a extension made ofthe request of the emir kuwait. the coalition has blockaded over with qatar accusations the country is supporting terrorism. u.s. president has ratcheted up his feud with the media, depicting himself body slamming a person whose head has been digitally replaced by the network logo cnn. says it is a sad day when the president of the united states encourages violence against reporters. several call it an assault on press freedom. north korea's nuclear ambitions have dominated phone calls between donald trump and japan and china. the separate conversations preceded trump's expected meeting with the leaders of asia's two biggest economies at the g-20 summit in germany. presidents the u.s. stance renewed tensions. in china come the latest gauge of manufacturing has added evidence economy is maintaining momentum after a strong start. the private survey beat expectations, 50 .4, up from 49.6 in may. outputs on order

let's get to juliette saly. she has your business flash. bile company says it is challenging a u.s. treasury department fine for violations in sanctions against russia. it says the oil company broke sanctions by signing deals in russia. the violations are said to have occurred in may 2014, when now rex tillerson -- when now secretary of state rex tillerson was ceo. my percent turnaround plan got back on track and the latest quarter. profit in the fiscal fourth quarter exceeded analysts estimates and adjusted sales rose 9% estimate almost doubled 40 cloud services. ebay has shaken investor confidence with slow growth and activity of across the marketplace. the company said growth merchandise by them increased 3% to 20 $1.5 billion in the second quarter. that is a marginal gain from the previous period. two whistleblowers are set to share a record $61 million award from the fcc for helping make the case that j.p. morgan misled clients. -- fcc and j.p. morgan declined to comment. that is your bloomberg business flash. let's turn our attention t

let's go to bloomberg is a splash with juliette saly. ette: toshiba and innovation network of japan will hold a public offering of their stakes their gear in switzerland, raising $2.4 billion. toshiba will sell its stake for whatever $4 billion while the government back incj owns the remaining 40%. they plan to sell the entirety of their stakes. microsoft turnaround plan got back on track in the latest quarter, one might rising sales of internet software services. prospects in the fiscal fourth quarter exceeded estimates and adjusted sales rose 9%. motor phone has top estimates with first-quarter revenue growth. they grew 2.2% compared to analysts'1.5%. it's a good start to the year in europe. growth accelerated across africa, the middle east, and asia pacific. that is your bloomberg business flash. 28 gaverexit, michelle no ground on the second round of the talks. branier saidrau britain was willing to accept a transitional deal which would include free movement of eu citizens. they cite a senior cabinet minister. we have the global head

anne: juliette saly, thank you. donald trump has returned from the g-20 summit with little progress on key issues and the differences between himself and the rest of the world, bigger than ever. manus: the starkest difference was on climate with the g-20's final statement calling on the paris accord as irreversible. meanwhile, donald trump had his first sit down with the russian president but a, putin, which they agreed on a cease-fire in syria. anne: iran and ukraine were barely touched upon. brendan scott joins us now. good to have you with us. a lot of detail to get through. what was the g-20 then a bout? how is the world adjusting to president trump and america first? reporter: what we have seen is they are learning to deal with it, that donald trump is not going away anytime soon. that they have to cope with his policies, although they might be at odds with what the majority of the g-20 members want to see for themselves. they are dealing with it when they can. they are managing it when it's possible and when i

juliette saly is standing by. juliette: thank you.tander has a month to espanol and banco it expects to report a profit of its .2 billion euros. the price of its 7 billion euro capital raising, selling shares at 485 euros each. executives had told a london court that they will plead not guilty to charges they conspired to commit fraud over a 2008 hundred with qatar. -- fundraiser with qatar. to loansrelates barclays made available to qatar the in a deal that raised 12 billion pounds. the only liquidation of to lenders and progress to recapitalize monte paschi was a turning point for the country's financial sector. also discussing consolidation. >> by the end of this year my we probably end up with less than 140 banks or banking groups active in italy. and the consolidation of the sector is already in place. exclude additional consolidation. consolidation at the european level could he welcome. -- he welcome. juliette: that is your bloomberg business flash. our guest is still with the daybreak team, cracking story on the bloomberg. thi

here's juliette saly. juliette: thank you.-packard enterprises is said to be on the shortlist become the next ceo of uber according to people familiar with the process. they're helping to oversee the search with assistance from executive goodman firm -- executive recruitment firm. it tries to steer a path through -- turbulentath period for business. the japanese company has built a less than 5% stake in the massachusetts taste technology robotics firm. the market value of $2.4 billion. michelin has reported a .9% decline in operating profit at the raw material costs climbed. operating earnings fell to 1.3 9 billion euros falling short -- 1.30 9 billion euros falling short of estimates. by 2021.e 2000 jobs metro bank has said it will sell 277 million pounds of use stocks as it steps up growth. the u.k. bank led by vernon hill is selling as many 810 2 million shares.- 8.02 million it posted the second quarter profit of 2 million pounds. that is your bloomberg business flash. you.: juliette, thank let's talk about the trade sec..

here is juliette saly. guy, thank you. u.s. president donald trump is planning to evaluate options for his medications set up. according to a person familiar with the president's thinking, a longtime attorney is likely to be eased into a less prominent role. he is the congressional investigator, with possible ties to russia. leadernate majority mitch mcconnell has delayed plans to overhaul a bill this week. that is after john mccain said he would be at home recovering from surgery, leaving republicans short of the vote they need to advance the legislation. meanwhile, the new york times say mccain's condition could be more serious than thought and may delay his return to washington by at least a week or two. the u.k. brexit secretary has urged negotiators to push for progress regarding saudi issues. david davis's comments, as the second round of divorce talks starts today in brussels. said companies are delaying investment because of brexit. that is absolutely clear businesses, where they have discretion over investment and can

here's juliette saly. juliette: in the u.s.irming president trump met vladimir putin a second time at the g20, something that was not disclosed at the time. last night trump lasted on twitter about reports of the encounter declaring he was the victim of a fake news story. he tweeted the fake news is becoming more dishonest or even a dinner arranged for top 20 leaders in germany is made to look sinister. european central bank policymakers are said to be drawing up plans for stimulus after the summer break. proposal has been devised in policymakers who start a two-day meeting today have not held forward discussions on the end of bond purchases. a stimulus change is not imminent. declineman decided -- to comment. according to three officials familiar with the matter, the in aceiling is included series of documents. the imf is expected to discuss a new credit line for greece tomorrow. venezuela has rejected u.s. president donald trump's call to halt a rewriting of the constitution that would consolidate the power of its socialist g

here is juliette saly. liette: in the middle east, a saudi led lock has agreed to a two date extension for qatar to meet its demands. the reported the decision was made as of the mayor of kuwait has been acting as a mediator after receiving a letter from qatar's or minister. coalition has blocked land of links with qatar, quoting it is supporting terrorism. donald trump has ratcheted up his feud with the media by posting this video on twitter showing him body slamming a man whose face was digitally replaced the local of cnn. they say it's a sad day when the president of the united states encourages violence against reporters. democrats also condemned trump's message. nuclear ambitions to dominate phone calls between donald trump and leaders of japan and china. it comes after they accused u.s. of trespassing to save a guided missile destroyer. the move ahead of this week's 20 meetings could signal the white house is displeased with china's efforts to pressure north korea to curb it nuclear and missile program

it is daybreak europe, let's go to the splash with juliette saly. te: mitsubishi financial group is considering answer them and paris for its basis of security operations after brexit japan's biggest said it has never done candidates for the two cities, but a final decision has not been reached. global banks are expanding offices in the eu to maintain thes for the market before u.k. formally leaves the block in 2019. softbank is planning to make a direct office of charter communications after the company rebuffed its proposal with sprint. plans toese company make the offer this week although the plan is not complete and could change. sprint is scheduled to report quarterly results tomorrow. hong kong billionaire has agreed assets for six like 1.9 billion u.s. dollars. it serves corporate customers and residents. hutchison telecom indication hong kong holding shares surge the most in six years. that is your bloomberg business flash. manus. manus: a split has emerged within theresa may's cabinet over the government's post-brexit plans. philip hammond c

here's juliette saly.nvestmentsdelity have cut hundreds of staff on tuesday, according to an unconfirmed report. last month, fidelity's said that more than 1500 workers opted to accept a buyout offer announced in february. the company has made his reputation by picking stocks and has been trying to adjust to the wave of investors triggering low-cost index and exchange traders funds over actively managed mutual. the u.k. fraud office has opened an investigation into the company over a possible bribery and corruption scandal. the company said the investigation is not expected to impact the merger with john wood group. twitter has filled one of its empty executive positions. he is currently a senior vice .resident at a software maker noto has held both roles since november. takata shares are soaring in tokyo, despite the company having to recall an additional 2.7 million airbags in the u.s. the inflators could exposed in a crash. the firm that filed for bankruptcy in june did not identify the vehicle models a

let's check out -- catch up with the bloomberg first word news with juliette saly. juliette: thank you. in the u.s. the white house is confirming that president trump at vladimir putin a second time at the g20 and hamburg, something that was not disclosed at the time. last night, trump lasted on twitter about reports of the encounter declaring he was once again the victim of a "fake new story." he tweeted fake news is be coming more dishonest, even a dinner arranged for top 20 liters and germany is made to look sinister. -- leaders in germany is made to look sinister. wilbur ross says american investors and exporters must be allowed to compete on equal footing. the two sides held talks in washington later today amid rising tension. the trump administration blames china's overcapacity for creating global let. -- glut. policymakers are said to be drying up plans for the future of stimulus for consider after the summer break. no definite proposal for timing's been devised and policymakers who start a two day meeting have not yet been held from our discussions on bond pu

let's get the bloomberg first word news with juliette saly. juliette: thank you. u.s.as told senate republicans they should stay in washington until they repeal obamacare. the move sparked renewed negotiations two days after gop efforts to enact a new health care law collapsed. a group of 20 republicans met at the s night with white house officials to hash out possible costs including reviving a measure proposed by mitch mcconnell. u.s. senator john mccain has been diagnosed with a type of rain cancer that was discovered when doctors removed a blood clot above his left eye. tissue tested after the procedure last friday refold -- revealed a glioblastoma. --has been cooperating recuperating at home. president obama said he is an american hero. has said heump would not have appointed attorney general jeff sessions if he knew that sessions had recused himself from overseeing the russian election investigation. he called the decision "very unfair to the president." accused [inaudible] with the u.s.ed to start constructive cooperation to narrow its trade deficit. the stateme

let us get to juliette saly. juliette. juliette:.g -- thank you.y reappoint janet yellen to a second term. in an interview, he indicated gary cohn was a top contender for the position. yellen has declined to comment about her future at the fed beyond stating an intention to serve out her current term. rejectedsenate has mitch mcconnell's health care proposal. that came out the start of several days of debate with no clear idea of what obamacare they will belan asked to pass. the white house has voted to strengthen sanctions against russia and rebuked president trump, whose campaign is being investigated by possible ties to moscow. the european commission will discuss the legal and political tools it has to prod: into scaling back a package of controversial legislation. the meeting comes one week after the e.u. threatened to recommend a nuclear option procedure that could end up stripping the country of voting rights. we will be speaking with the prime minister. the u.k. will ban sales of diesel and petrol cars by 2040 the combat air pollution. a ne

anna: juliette saly there. what we will be watching at the start of the 7:00 hour. onwill get numbers first-quarter sales. it will show how it is weathering the squeeze on household finances. market weakness and low consumer prices, jeffries says consumerism may grow due to promotions. manus: there is a consensus out there that clothing sales, probably fell 1% to 0.6%. but we can expect from the earnings season, we will bring in our european strategist at bloomberg intelligence. tim, welcome to the show. welcome to this section. all about setting us up for what we can expect. is we have taken off with this. typically in the last few years, we have had savage downgrades to the earnings expectations. we are not seeing that come through at this point. optimism. this is 2012, by the way. , it is anwngrade optimistic outlook. kim: indeed. there are several things going on. report, we referenced the best of all possible worlds and in many ways, it has played so far this year. most notably, we had a very broad, maybe

let's go to bloomberg first word news with juliette saly. liette: the imf says of the world is relying less on the u.s. to sustain the recovery. they left its global growth fiction unchanged at 3.5% but says the drivers are changing. he was and the u.k. are now less crucial with china, japan, the eurozone, and canada playing more prominent roles. imf drop a simpsons from president trump's plaintiff to cut taxes and raise infrastructure spending. the uk's trade secretary will meet with his u.s. counterpart in washington today. -- preparesares to a transatlantic trade deal. u.k.'s fox says it will be a difficult discussion. ross. work at 16 he 7 billion pounds, some internal work -- 167 billion pounds. if we are able to remove the barriers we have, it will be a difficult discussion. to one extent or another, we have great support from the united states and the administration as well as congress to push the agenda forward. juliette: the trump administration's news trust secretary says it supports the current version of the bill to sanction russi

let's get to juliette saly, standing by.ter: severus capital management is weighing a plan to purchase a stake in commerzbank. they are considering building a minority stake in purchasing shares on the market. they have not made a final decision on the side of the holding and they could pursue a different strategy to capitalize on the industry's improving outlook. representatives from both severus and commerzbank declined to comment. deutsche bank is preparing to move large parts of the trading and investment banking assets from london to frankfurt. the plan, which is still being finalized and would be reviewed if the brexit scenario changes, will be implemented over the next 18 months. a spokesman for deutsche bank declined to comment. raven howard asset management's main hedge funds suffered its fourth rate monthly loss in june. according to an investor, this puts the macro hedge fund down 5.2% this june. that is the worst loss since it began trading in 2003. a spokesperson declined to comment. that is your bloomberg busin

here's the first word news with juliette saly.hina's banking regulator has told some lenders to lower the rates they offer and wealth management products. banks including been lenders -- big winners -- lenders. the move comes as officials try to reduce risk and stimulate the economy. chinese home prices surged in smaller cities in june, even as property curbs dragged values in larger ones. national bureau of statistics said new home prices, excluding subsidized housing, grew in 67 cities. they rose in smaller cities. highlighting the challenge for authorities trying to limit double risk. the u.s. has said iran is complying to the deal to curb its nuclear program but continues to be a malign influence in the middle east. meanwhile, the foreign minister says his country remains committed to the 2015 and agreement cannot produce nuclear weapons. >> iran is committed not to produce nuclear weapons. that never expires. castro in dollar jumped to a two-year high after the rba said the nation's economy was improving. the minutes of the c

that's give more details from juliette saly who is taking a look at the markets. what are you see? -- were you seeing? juliette: are seeing some broad-based buying across markets today. .8%, a lot of support for those tech players. to the downside, coming through in the large-cap stocks. the weakness you're seeing across some of the chinese equity indices is not hurting the overall regional index. it's the biggest jump asian equities so far since june 2. we had the regional index holding at levels we not seen since december 2007. a lot of support for the commodity markets today, the banking index in singapore rallying on the back of the oc the developers continuing to jump out of the box on the hang seng, up by .3%. let's look at some of the movers in detail. i mention the story about the property developers continuing to get this big run, the biggest jump we've seen since november 2007 for that stock. china continuing to rally as well. you have nintendo looking very good in that tokyo session, it's on the lunch break. that's after the first order numbers were a beat. the merchandis

here is juliette saly. liette: it started with a white knuckle handshake and the rejection of the paris climate accord. now president emmanuel macron and donald trump will get a chance to rethink their awkward relationship with the president's visit to france. there will be a press conference at 5:00 p.m. u.k. time and later they will head to the eiffel tower for dinner with their wives. president trump is standing by on but the president has tried to distance himself from russia and influence in an interview with the christian broadcasting that. had won, our energy would be much more expensive. -- from dayputin one i want fracking and to get energy prices low and to create tremendous energy. theresa may will unveil the draft law that will take britain out of the e.u., but it's likely to be a lengthy unitingith lawmakers against the bill. >> i suspect that it is a plausible scenario. one at which they collapse, i don't know. i suspect we are probably a year down the track before something catastrophic occurs

let's go to bloomberg first word news with juliette saly. juliette: donald trump's son met with a russian woman who offered to provide potentially damaging information on hillary clinton. according to a statement from him, the meeting took place in june 2016, after his father had secured the republican residential nomination. is investigating interference in the russian election and whether there is collusion between the trump campaign and moscow. steven mnuchin says the white house is committed to getting this -- his tax overhaul proposal through the house by the end of the year. but it will not include a 40% tax break for the rich. stephen bannon had been pushing tax break while steve mnuchin said the story was unfounded. the g-20 wrapped up in hamburg. home havingump flew on trade.n he had his first sit down with vladimir putin, with a a great to a cease-fire in syria. theresa may will call on opposition lawmakers to keep written out of the european month'ster last disastrous election. she is expected to say social and economic reform is n

here's juliette saly. juliette: thank you.he bank of japan has kept its monetary stimulus program unchanged even as it pushed back the projected timing for reaching the 2% inflation target for the sixth time. the central white lights to maintain its yield curve control program and asset purchases in line with economists' expectations. the boj x next to hit its target around the fiscal year starting april 29 versus a previous six foron of around 2018. donald trump has told senate republicans they should stay in washington and -- until they repeal obamacare. the move sparked renewed negotiations two days after efforts to enact a new health-care law collapsed. a group of 20 per republicans -- 20 republican senators met to hash out possible steps forward including reviving a measure proposed by the majority leader mitch mcconnell. u.s. senator john mccain has been a guest with a type of brain cancer that was discovered when doctors removed a blood clot above his left eye. tissue tested revealed a glioblastoma and the 80-year-old a

let's get bloomberg first word news with juliette saly. the u.s. federal reserve could give clues about whether it will begin reducing its $4.5 trillion balance sheet before another rate hike. inicymakers lifted rates june, signaled one more hike this year. this bulb out how it would begin to gradually unwind. while janet yellen said the process could begin relatively soon, she left the precise timing and secret -- in secrecy, a mystery. >> russia said to be pushing back at deepening oil production cuts and will oppose the idea at an opec meeting later this month according to russian government officials. one said any further supply reductions so soon after the existing agreement would send the wrong message to the oil markets. opec members host and non-members. east, qatare extended to respond to a saudi inspired list of demands. answer toer their kuwait, but there's been no indication of what it contained. it includes cutting ties with karen and closing al jazeera. german prime minister says he expects the saudi led alliance to reject qatar's res

the: let's move on and get bloomberg first word news with juliette saly. juliette: thank you.sident trump says the meeting ast year 20 donald jr. and russian lawyer was uneventful. speaking in pairs during the press conference with emmanuel macron, trump denied the lawyer in question was connected to the russian government. i have a son who is a great young man, a fine person, took the meeting with a lawyer russia. it lasted for a very short period and nothing came from the meeting. it's a meeting that most people and politics would have taken. juliette: senate majority leader mitch mcconnell has released his new health care bill. he will try to gain conservative report right discarding earlier plans to repeal a series of taxes on the wealthy. >> after numerous meetings with constituents and intensive conversations with members, our conference has updated the draft with additional provisions to make it stronger. democrats uniformly oppose the effort, mcconnell needs 50 out of 52 gop votes to prevail. theresa may's draft brexit law has received backlash from scotland and wales.

first word news with juliette saly. juliette.has reported a 10 percent decline in second-quarter revenue to 6.6 2 billion euros. that missed analyst estimates at 7.1 billion euros. it comes from fixed income trading. 28%.ue declined we will bring you our interview with deutsche bank's ceo john cryan later this morning. china's industrial firms kept their heavy pace. industrial profits increased 19.1% from a year earlier, accelerating from the 16.7% pace one month earlier. it underscores the chinese economies momentum and helps embedded companies grapple with their giant debt load. theresa may's government has commissioned a report on the impact of e.u. workers on the economy. it comes one year after she became prime minister, prompted questions as to why such a study was not done earlier. amber rudd will ask the advisory committee to assess the role of the european union nationals in the u.k. economy as plans to to control migration after brexit. russia has threatened to retaliate against new sanctions passed by the u.s. house of

let's get the first word business flash with juliette saly. and toshiba have -- in tokyo training is green light capital took a stake during the second quarter. wagering shares will rise after it exists its contract tied to westinghouse. -- raised its financial forecast after operating profit doubled in the first half of the year. the airline said adjusted earnings before taxes in 2017 will rise "above the previous year." suisse has signaled the era of cost-cutting and job cuts may's in be over. that is as it employees have been told it would emphasize businesses that generate high returns is next strategic plan. work on ato a memo, blueprint said 2018 to 202010 began this month after a strategy meeting between executives and directors to june. -- if the bank fails to keep its currency trading from using electronic chat rooms to manipulate prices. the fed said the languor -- lender constituted unsafe and unsound practices and ordered it to improve its oversight in the airline -- internal controls. that is your bloomberg business flash. anna an

let's get the bloom at first word news with juliette saly. juliette: u.k.ill meet his u.k. counterpart in washington today as britain prepares for a transatlantic trade deal as soon as possible after leaving the european union. fox says it will be difficult discussion. secretary wilbur ross will meet members of congress during a two-day trip. about 167de works at pounds. andave done internal work we will do more by 2030 if we are able to remove the barriers to trade we had. it will be a difficult discussion. all these discussions are to one extent or another, but we have great support from the nine states and the it ministration as those congress to push the agenda forward. juliette: in the u.s., the trump administration's new press secretary as it supports the torent section of the bill take on russia about the election. they have a tentative deal that would prevent the president from acting unilaterally to remove sanctions on russia. in poland come mass protests across the country have extended to an eighth straight night after parliament defied allies in

let's get to juliette saly. the -- is seen as the chief suspect amid hackers that breached a dozen american power plants. according to u.s. officials, the wolf creek nuclear facility was among the sites targeted. the warning has sparked concerns that the attackers were searching for vulnerabilities in the electrical grid. a u.s. led effort to broker a united nations security council statement to condemn north korea's latest missile test has broken down. the u.s., france, and the u.k. were unable to overcome objections from russia and china. the development is a setback for the trump administration's top foreign policy priorities. in the middle east, the qatari government's refusal to accept the diplomatic demands of the four nation saudi black demonstrates the nation has links to terrorist groups, according to a saudi owned press agency. before countries -- the four countries expressed their deep surprise that qatar rejected their demands and pledged new members against the gulf nation. in germany, hamburg polic

juliette saly with latest from hong kong. 6:16 in london.e have numbers from klm second-quarter net jumping. the company sees a lower full-year unit cost in the second quarter net profits coming up. just a few of the details here. took to the helm of this company around a year ago. his mandate to increase profitability, he is trying to counter the competition. we got news of a keeper alliance involving delta, 10 eastern come up a complex web of stakeholder relationships here in the sky team alliance. in all speak to the cfo few minutes time about all of that strategy and the latest numbers. a quick word on what is coming up in your day ahead, you have a busy one if you are trading today. we have a policy decision from russia's central night. two hours later, second-quarter gdp out of the united states. what would that look like that of the goods number of yesterday. then saturday, elon musk lunches that tesla model three. we have heard a lot about that this week. we are looking at live pictures of the senate floor in washington where republi

let's get a number first word news update with juliette saly. the federal reserve will give clues about when it is reducing its balance sheet before another rate hike. lifted rates in june signaling one more hike this year and spelled out how they began gradually unwinding the bond portfolio. janet yellen said the process could he come relatively soon. she left the precise timing and sequencing a mystery. russia is said to be pushing and at any production cuts will oppose the idea at an opec meeting according to for russian government officials. any further supply so soon after the agreement was extended would send the wrong message to the oil market. they are meeting in july 24 in st. petersburg. extended deadlines for qatar to respond to a saudi inspired list of demands runs out in the coming hours. there has been no indication of what it can -- contains. it includes cutting ties with iran and closing the al jazeera news channel. the german foreign minister said he expects the response to be rejected that doha could not be expected to bank --

that's go to juliette saly. juliette: thank you.he top role at the pharmaceutical firm. -- shares suggests were higher in late u.s. trade. paying $5.5 billion to resolve the second is the investigations. the deal is the second biggest the federal housing finance agency has struck an settles claims that rbs sold 14 march bounce -- bonds to fannie and freddie. the bank was -- must deal with the investigation before it can return to the private sector. and allegations it sold cars with illicit commissions control for a decade. according to a german newspaper or which suggests why than one million cars could be affected. the maker of mercedes-benz luxury vehicles had been searched by police officers and prosecutors as part of a probe. that is your bloomberg business flash. guy: thank you. the u.s. president donald trump begins his trip to europe today area here arrives in paris shortly well -- where he will meet with president macron and attend the annual bastille day celebrations. this is the first time he faced the press since his son

details ofhe everything happening across the asia-pacific from juliette saly. a bit hard for me to gauge the direction of the markets today. juliette: it has certainly changed. we have a number of markets coming a little bit more strong than they were in the morning session, including the asx 200, new zealand and singapore looking strong. it's only slightly higher, but importantly it is back at those december, 2007 highs we saw toward the end of last week. we do have some weakness coming through in china. there was also that downward csid in the property space, 300 off by .3%. we had that south korea update on gdp over the next few years, pretty positive, but the cost was off by .1%. having a look at what's moving the markets, we are all focused on these big movers, tencent at a record high. tencent is trading above $300 per share. more upside in some of the banks and miners in australia yesterday, and if you look at the downside, this came through with a pretty good quarterly number. share price is being sold off by 2.5%. and of course we can't get away raising

in the gcc.saying here's juliette saly. liette: banco santander said it still last month to take over banco espanol will have little effect for the year. it willest funder said sell 1.6 4 billion shares at 485 euros each. executives have told a london court they will plead not guilty to charges they conspired to commit fraud over 2008 hundred and with qatar. they are the most senior u.k. inc. executives to face criminal charges ends the financial crisis. case relates to fees and loans barkley made available to qatar in a deal that raised 12 the and pounds. the head of the italian banking association said the liquidation recapitalizingnd monte paschi was a turning point. they also discussed consolidation. >> will probably end up less groups0 banks or banking active in italy. and the consolidation of the sector is already in place. we cannot assume additional consolidation. consolidation at the european level could be welcome. that is your bloomberg business flash. guy: the french president emmanuel macron is working to place

let us get to juliette saly with your business flash. juliette: manus, alphabet shares fell.osts are rising as they expand the advertising businesses. the company reported sales minus partner payouts. that was in line with analyst consensus forecast, but below more bullish expectations. profit was hammered by a record antitrust fine from the european union. michael coors has agreed to buy a jimmy choo for 896 million pounds, clinching the stilettos. the companies have approved the deal that will see the handbag brand pay for the luxury shoemaker. akzonobel has reported second-quarter profit that theed analyst estimates as newly appointed ceo seeks to convince shareholders that targets set by his previous predecessor are achievable. in separate statements, the chairman announced he plans to retire in april and the company appointed another other as the chief operating officer. telecom's chief executive officer is leaving the company after a greeting to a separate -- agreeing to a severance package. richest goldene parachutes ever granted. that is your bloomberg business flash.

here is the number first word news update with juliette saly. juliette: thank you. the u.s. has threatened trade ties with countries that continue to do business with north korea following young tip of an intercontinental ballistic missile. china and other nations are not doing enough to rein in kim jong unser regime. -- kim jong on's regime. >> the u.s. is prepared to use the full range of our capabilities to defend ourselves and our allies. is withur capabilities our considerable military forces. we will use them if we must but we prefer not to go in that direction. juliette: donald trump will race the possibility of cooperation with russia on easing the syrian conflict when he meets vladimir putin tomorrow. rex tillerson's comments reflect the determination not to get too deeply embroiled in syria while signaling a willingness for improved ties with moscow. poland has agreed to buy the patriot missile system from the u.s. the deal would not have been possible without president donald trump who is visiting warsaw, the polish officials said. the memorandum of understanding

. >> i am juliette saly, checking the markets in asia on the final trading day of the week.red. not a very good and to the trading week. the msci coming off the multiyear highs yesterday, at levels we have not seen since december 2007. the south korean kospi leading the declines, due to a 3% drop in samsung yesterday. samsung coming off today and the kospi having its biggest one-day drop since after the u.s. election in november. a lot of weakness from the commodity markets. new zealand, australia, singapore. tech pressures similar to what you saw in the nasdaq. disappointing earnings from amazon. giving back all of yesterday's gains and more. hong kong's market up one half of 1%. thekospi trading below 20,000 point level. nasdaq the biggest loser in terms of index points. you have the banks in australia under order as well. cba down by 1.5%. -- that ishe state the state of the players. this is the final trading day of the week. ♪ emily: i'm emily chang. this is "bloomberg technology." the u.s. house just passed a $788 billion spending bill that includes a plan to start fund

yusuf on thee have the first word news with juliette saly patiently standing by. juliette: thank you. u.s. president donald trump's son-in-law did all -- jared kushner said he had no contacts with russia. they spent two and half hours answering questions from senate investigators examining meddling by moscow in the 2016 election. >> i did not collude with russia. nor do i know of anyone else in the campaign who did so. contacts.mproper i have not relied on russian funds for my businesses. and i have been fully transparent in providing all requested information. president trump and his advisers are reportedly discussing in private the possibility of replacing attorney general jeff sessions. according to the washington post, citing people familiar with the talks, some confidence -- some of the circle has raise the question among themselves in recent days. greece will return to the bond market after a three-year hiatus banking on investor interest in its recovery. the country which was the epicenter of a european sovereign crisis that began in 2009 is looking to sell

let's get the bloomberg first word news with juliette saly. reporter: the u.s. senate has rejected mitch mcconnell's health care proposal. that came at the start of several days of debate. meanwhile, the house has voted to strengthen sanctions against rebuked president donald trump's by preventing him from unilaterally lifting penalties. australian's dollar has a slumped against most major peers after slower than expected gains in consumer prices. meanwhile, philip lowe has reiterated his view that australia does not need to follow other central banks in withdrawing stimulus. >> just as we did not move in lockstep when market stimulus was being delivered, we don't need to move in lockstep now that stimulus is removed. reporter: japan's former top currency official says the central bank there should normal as monetary policy. they want the bank of japan might leave itself without room for policy responses in the event of another financial crisis. the u.k. will ban sales of diesel and petrol cars by 20 40. the announcement of a new clean air plan is expected. they

juliette saly has the business flash.che bank has reported second-quarter income that beat estimates. they said net income was 447 million euros. net revenue came in below estimates. we'll bring your interview with the deutsche bank ceo later this morning. adjusted net income was $1.29 billion compared with analysts estimates of $1.3 billion. between 17 sales growth will be at the lower half of its forecast. anes increased 2.3% on organic basis, missing analyst estimates. haynes the earnings rose to $3.35 billion adjusted basis. grower benefited after the acquisition of another company. facebook investors are optimistic about the revenue potential for its chat businesses. mark zuckerberg said he would like to move a little faster to make money from them. facebook reported second-quarter sales that the analyst estimates , climbing 29 $.3 billion. >> were seen a lot of content engagement ship to mobile. our goal is to be a platform for content providers to find their audience and monetize. inoing some early investing extort

but get to the latest with juliette saly. juliette: it is take your privates on a friday day.ome af -- take your profits on friday day. we are seeing the markets come off, and weakness coming through with the s&p. a bit of a stall in this rally. kospi is leading the decline. we had a solid rally yesterday. 1%.kospi down australia's market being her today despite the rebound we have seen in the energy story. weakness in new zealand, and you have the yen playing into things in japan. earnings coming through, including nissan. the nikkei off by 0.4%. the yen holding strong, up by 0.2%. pushing through that 111 point level. seeing that momentum come through from asian currencies. just in terms of commodities, this is an interesting chart to fine on the bloomberg. bit,ve seen gold swing a touching a six week high. the dollar getting a bit of momentum. not so much into the safe haven place. this triangle shows you the range gold has made in the last couple of years. mitsubishid -- -- it couldists rally towards 450 u.s. dollars. it is interesting when you look at that golden triangle

let's get the latest with juliette saly.ing at the dow jones did overnight, a record high coming through once again. up by led by industrials 2.8%, consumer staples also getting a bounce and energy staples up by .5%, the same movement we had an energy space in asia yesterday. the positive start you would think you a little bounce to asian equities, but we also have the yen trading higher against the dollar. by nikkei has opened down .1%, but still holding above the 20,000 point level. south korea's cause the index leading gains in the region up by .4%. very mixed when it comes to asian currency so far against the dollar, because as kathleen mentioned, we did have the dollar fall to a 14 month low, but you are starting to see downside coming from a number of the commodity-based currencies. malaysian ringgit off by about .1%. copper is another one to watch today. it had a very strong rally. then we have the london contract also moving quite strongly. copper up by .1%, so look for some upside. australia's asx 200, pretty flat o