here's juliette saly. juliette: u.s.trump has said he plans to deploy the military to gaza border with mexico. he told can leaders he would abandon the north american free trade agreement. trump has previously suggested he would use the money allocated for the u.s. military to construct the border wall which he has been unable to secure congressional funding. in washington, white house insiders say there are no discussions about turning the power of the trump administration against amazon despite the presence twitter attacks on the company and jeff bezos. they are not aware of any ongoing discussion about turning trump's tweets into action amazon -- action against amazon. the president of the san francisco federal reserve is heading to the big apple. john williams has been named the new boss. he will succeed william dudley making him a part of jerome powell's leadership team. in the u.k., today marks the deadline for companies with at least 250 employees to report their gender pay gap's. -- 18%'s prime minister differenc

. ♪ >> hello and welcome, i'm juliette saly.t," youromberg weekly review of the most important business news, analysis, and news around the world. let's take a look at the top headlines. on monday, the embattled tenure ceo of deutsche bank came to an end. deutsche bank supervisory board has named a new ceo to replace john as part of a sweeping overhaul. spent hisuty has entire career at the largest investment bank and has had private and commercial arms. fill us in on why now. >> they have had losses for three years in a row. if you dig deeper into this feud cryantarted between john and paul, you see the bonus says crayn paid to investment bankers. it didn't go down well across germany. been the biggest story in finance for the last couple of weeks. it comes to a head today with the replacement of cyan by an insider. a comes from bielefeld, german who will have to shrink this investment bank. they have to focus on their bread and butter, to be a german savings bank. >> high tension between the u.s. and china over trade president

juliette saly is standing by. hares rose strongly as mark zuckerberg's defended his company on capitol hill. he agreed the datasharing scandal is facebook's fault and the company is responsible for the content. the social network's ceo says the company must take a broader view of its responsibility. the chairman of the company behind the skyscraper has told bloomberg about his plans to go into the e-commerce business. he made the comments an interview for leaders. >> when i look at the middle 2%t, e-commerce is 1.4% to -- tiny to the rest of the world. it is room for all of us to grow. where will this be? much faster than the rest of the world and it will get into the 10% to 50% quite fast. -- 15% quite fast. juliette: you can watch atncine's interview in full 7:30 p.m. tomorrow in the u.k. that is your bloomberg business flash. manus: juliette, i will pick it up from here. we are seeing some of these classes coming in. various risks, economic policy. japan's inflation will tick up. these are the lines -- will pick

i'm juliette saly. this is bloomberg. ♪ >> we're inside the headquarters in new york.: talk about the wall between instagram and facebook. taylor: and walls between the u.s. and mexico. carol: and we changing of the and deutscheain bank has a new ceo but the same , old problems. taylor: all this on "bloomberg businessweek." ♪ taylor:

i'm juliette saly.his is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. let's start with a day by day look at the top headlines. on monday john cryan's embattled tenure at deutsche bank came to an end. >> deutsche bank supervisory board has named a new ceo to replace john cryan as part of a sweeping overhaul of senior management. the code deputy ceo christian has spent his entire career at europe's largest investment bank and is currently head of its private and commercial arms. the change. fill us in on why him. >> they have had losses for three years in a row. that is one of the main reasons. but if you dig a little deeper into this kind of feud that started up between john cryan and paul up lightner and really between john and the board, you see that the bonuses he paid to investment bankers last year really did not go down well. it didn't go down well across germany. so this has been you know far and away

juliette saly. juliette.n jumped an extended trade after delivering bigger than expected profits in the first quarter and forecasting more of the same. it sees operating income this quarter of up to $1.9 billion. amazon showed strength in its cloud computing and advertising businesses. share spike added $12 billion to the wealth of jeff bezos. microsoft has beaten expectations for third-quarter sales and profit, lifted by strong corporate demand for cloud computing. profit rose to $7.42 billion. sales increased by 16%. ae software maker is riding wave of demand for its cloud services which let customers store applications in the companies data centers. former hsbc trader marc johnson has been sentenced to two years in prison and immediately taken into custody. his lawyers appeared stunned as district judge rejected his request to surrender at a later date. he is the first person to be convicted in a global crackdown on currency rating. that is your bloomberg business flash. thank you, juliette saly with the b

juliette saly.uliette: thank you. in canada, 10 people have been killed, and 15 injured when a van slammed into pedestrians in the north end of toronto. a suspect has been arrested with a dramatic standoff with the police officer. authorities have named the 25-year-old as a suspect in the attack, that say it is too early to speculate on a motive is one of the country's worst mass killings. in washington, senior trade officials from the u.s., canada, and mexico met again today in an intensified push to get a nafta agreement. said afternister seven months of discussions, the three sides have entered a concentrated days of talks. victoryot a separate with the deal in principle to free trade-year-old agreement with the european union. in washington, a divided senate or and relations committee has voted in favor of mike pompeo to be secretary of state. the committee back his nomination after senator rand paul of kentucky reversed his position. the cia the way for director to gain approval from a full sen

let's get a bloomberg first word news update with juliette saly. ette: french president emmanuel macron has said he thinks his u.s. counterpart will withdraw from the a ron new -- from the iran nuclear accord. he has noron said insider information on donald trump's decision. >> we are defending this agreement. president trump is not willing to support this agreement. the u.s. supreme court looks to uphold donald trump's travel ban as to keep justices had skeptical questions for a lawyer challenging the policy. it indefinitely bars people from iran, syria, libya, and yemen from entering the country. saidawyer from hawaii trump overstepped. china is considering cheaper rates on passenger cars as part 's plan to opennt up the automobile market. the country's cabinet is weighing proposals to reduce the levy on imported cars. the current rate is 25%. they said an announcement could be made as soon as next month. china's finance minister did not respond. the u.k., brexit banking conservatives have held private talks with the prime minister to demand she s

here is juliette saly with the bloomberg first word update. liette: donald trump has replaced his threats on north korea with more diplomatic language. speaking with prime minister shinzo abe he said, i look forward to looking forward to -- i look forward to meeting with kim jong-un and hopefully it will be a great success. indicating it is increasingly likely to take place by early june. meanwhile president trump and prime minister opry have -- have pledgedr abe to increase bilateral trade talks. trump is pushing for an agreement that would reduce americans trade deficit with japan. abe seeking an exemption from tariffs announced last month. we're lookingp: forward to removing barriers to u.s. exports. the united states is committed to free, fair, and reciprocal -- very important word -- trade. and we are committed to pursuing a bilateral trading relationship that benefits both of our great country's. the u.k. upper half has voted against a key part of prime minister theresa may's exit policy. an amendment presses the government to seek up pos

washington, let's go to juliette saly with the bloomberg update. ette: french president emmanuel macron wants to negotiate a new agreement with iran that would curb its development of ballistic missiles. halting itsto nuclear program. that came after president trump --ned iran not to start its restart its nuclear program even if the u.s. withdraws from the 2015 accord. >> we are not in a vacuum. we should not terror apart the jcpoa. it would not be a good solution. juliette: iran has warned it would abandon the nuclear deal if donald trump pulls the u.s. out. the foreign minister also told the associated press that america had not honored its earlier agreement. >> united states has not lived up to its side of the bargain after its commitment to lift certain sanctions. not to impede economic relation between iran and its partners. it has done all of that. it has dissuaded, threatened companies from engaging with iran. juliette: donald trump has signaled a shift with his stance against jim -- kim jong-un. months after the riding the leader as rocket m

let's go to the bloomberg business flash with juliette saly. liette: marathon petroleum reportedly plans to buy rival oil refineries. according to the wall street atrnal, the offers value it $150 a share. of the largest independent fuel maker in the united states. to revealy plans plans today after confirming a bloomberg report that the companies were in discussion. according to people familiar with the situation, it would be the lot -- walmart will be the largest shareholder. representatives for walmart and sainsbury declined to comment. ceo joins us at 7:00 a.m. u.k. time. that is your bloomberg business flash. matt: thanks very much for that. t-mobile has agreed to acquire rival carrier sprint in the u.s. billion. if the deal gets any -- gets antitrust approval, they will own 42% of the company and softbank will own 27%. let's get more from our telecom reporter here in berlin. telecom owns t-mobile, and softbank owns sprint. what are the benefits of this combination for the parent companies? reporter: first of all, this is telecom's major mer

bloomberg's get this first word news with juliette saly. tte: u.s.resident donald trump has deemed disgraceful the raid on his longtime lawyer and fixer. michael cohen paid $130,000 to point star stormy daniels and has been accused of in the russian meddling. he blasted a special counsel robert mueller's probe as a blast on our country. >> this is an attack on our country in the true sense and an attack on what we all stand for. when i saw this and when i heard it, i heard it like you did, i said that is really now a whole new level of unfairness. the u.s. special counsel is also reportedly investigating a payment made to president trump's foundation by eight you craning steelmaker -- ukrainian steel mecca. the newspaper says that came as investigators subpoenaed at the trump organization this year for an array of records about business with foreign nationals. malaysia has announced that its election will take place on may 9. the campaign for the showdown between the current prime minister and the nation's longest-serving premier will be shortened to

nejra: juliette saly in singapore, thank you.u said -- december aching is on rolls-royce. -- take you to some news on rolls-royce. it seems there might be engine trouble, rolls-royce giving an update on the trent package, this powered the boeing dreamliner. carry out added inspections. it is seeing disruption for customers from this and basically, it is going to lead to other disruptions is what rolls-royce is saying. it will work closely with owing and affected airlines but ultimately, the thing to take away as it will carry out more inspections on the trent 1000 c.k see -- pack sees an spf of 450 million pounds with 100 million pounds more or less. enginete on a little trouble that could lead to disruption for rolls-royce, but they are inspecting it, they will be getting more updates and looking into it with us -- specific affected airlines and boeing. that might be a stock to watch at the open in under an hour. presidentr top story, trump has directed officials to explore rejoining the transpacific partnership, a great deal he

but for now let's get the first word news with juliette saly.xplosions have been reported in a military base in syria a day after president trump warned of a big price to pay over reports of chemical attacks outside damascus. rescue workers and activists say dozens of men, women, and children were killed over the weekend and the chemical assault. while the u.s. has called for an immediate international risk on, moscow is warning against any military strikes. bank's advisory board has named a new ceo to replace john cryan and in a wide overhaul of senior management. a deutsche lifer who currently heads the banks private and commercial arms will take over immediately. as part of the re-organization, garth ritchie is promoted to saul head of the unit and will become deputy ceo. seen three top leadership appointments in six years amid pressure from investors to improve profitability. victor auburn has scored a crushing election victory to clinch a fourth term as prime minister of hungary. his party is on track to repeat the two thirds majority it wo

let's get a first word news update with juliette saly.ld praised james: -- james comey for his honorable conduct during the 2016 campaign, soft his loyalty and asked him to drop an investigation into michael flynn. that is according to men most turned over to house committees by the u.s. justice department. in response to the release, trump tweeted "james comey memos just out and showed clearly that there was no collusion and no obstruction." also, he leaks classified information, wow. will the witchhunt continue." rod rosenstein is said to have told donald trump last week that he isn't a target of any part of special counsel robert mueller's investigation or the probe into his longtime lawyer michael co. in. according to several people familiar with the matter, rosenstein brought up the investigation himself and offered assurance during a meeting with trump at the white house. they say the development helped ease the resident's desire to remove rosenstein or mueller. reject aals are set to potential u.k. solution to the crucial issue of

let's get an update with juliette saly. juliette: guy, u.s.resident donald trump has says he lands to deploy the military to guard the border with mexico. he would abandon the north american free trade agreement without assurance of help on security -- on securing the boundary. he suggested he could use money allocated to the military to construct the border wall,'s for which he has been able to secure congressional funding. in washington, the white house insiders say there are no discussions about turning the power of the trump administration against amazon, despite the president's twitter attacks on the company and jeff bezos. according to five people familiar, they are aware of any ongoing discussion about turning trump's tweets into action against amazon. the president of the san francisco federal reserve is heading to the big apple. john williams has been named the new loss of the new york fed. he will succeed william dudley. in the u.k. today marks the deadline for companies with at least 250 employees to report their gender pay gap. --t

let's get a bloomberg first word update with juliette saly. juliette: thank you very much.anuel macron lands in washington later for the first state visit of donald trump's presidency. he's on a mission to take the edge off u.s. leaders and america first foreign policy. while he has had more success than most in getting through to trump, his record is patchy. is uk's prime minister battling to avert a cabinet result -- cabinet revolt. of breaks her promise breaking them out of the trade regime. some think she should be forced to accept staying in the unit because parliament will reject her plan when the issue comes to a vote. such a move could trigger a challenge to her leadership in the ruling conservative party. germany's social democrats elected the parties first chairwoman but struggled to heal divisions of that spent everything from russia and the european union to government spending. she was backed by two thirds of delegates. it's seen as a relatively poor showing to revive a party that posted its worst results since world war ii last election. more than a quarter of

with an update, here is juliette saly. : in canada, 10 people have been killed and 15 injured when a van slammed into pedestrians in toronto. named thes have suspect 825 in the attack, but tos it is too early speculate on a motive. it is the countries worst ever mass killing. french president emmanuel macron is in washington for a three-day trip which will include to keep iran nuclearhe deal. agenda includes security, trade, and issues that go beyond america and france. german chancellor angela merkel is due in washington on friday. washington, i divided senate relations foreign committee has voted in favor of mike pompeo to be the next secretary of state. committee backed his nomination after senator rand paul, a kentucky republican, reversed his earlier opposition after rusher from other members of his party including donald trump. it paves the way for the cia director to get full approval from the senate later this week, handing a victory to president trump. that is your first word news. guy: thank you very much. let's g

i want to get out to seeing the poor -- singapore with juliette saly. te: rusal shares have surged in hong kong trade. meeting chinese companies and traders to discuss the possibility of buying alumina and selling aluminum. the company is looking for alternative sources of alumina, the raw material for aluminum. nestle's first-quarter growth got a boost as the u.s. return to expansion fueled by improvement in its pet care business. sales rose 2.8% on an organic aces facing analyst expectations. that comes as the seo revamped though world's largest food company around faster growing bands and -- brands and healthier foods and adding coffee businesses. procter & gamble is buying a consumer health business and a 3.4 billion euro deal, enabling png to expand their consumer health business by adding a fast-growing portfolio brand. they put the unit up for sale last year as it seeks to pump money into testing new drugs such as new medicines. that is your bloomberg business flash. guy: thank you. let's stand switzerland. lowfrank is at a three-year is at a thre

here is juliette saly.he trumpin the u.s., administration is pushing for a preliminary nafta deal to announce at a summit next week. according to three people familiar with the talks, the meeting is set in washington to achieve a breakthrough. they say the white house once leaders from canada and mexico to join in the broad outlines of an updated packet. fromummit begins a week friday. they will hammer out the final details. the trump administration has from friday. announced that fuel efficiency regulations for cars and light trucks are too stringent, and must be revised beginning a process saw by the u.s. auto industry. the environmental protection agency also said it was considering whether to revoke the waiver that allows california to set its own emissions rules. the widely anticipated decision troop criticism from consumer and environmental groups. putin trump and vladimir have discussed holding a summit at the white house. sarah huckabee sanders says the two leaders talked about a meeting at a number

let's get a first word news update with juliette saly. liette: donald trump met with his national security team yesterday to discuss america's response to an apparent chemical weapons attack in syria. that came as the u.k. prime minister theresa may's cabinet said it is vital to respond to the incident. suggestedested -- it they are prepared to join if a strike is launched. sinceum has its best week 1987 as investors and the global industry battle with supply disruptions after the u.s. imposed sanctions on rusal. prices are up 12% after surging to a secure high. haveanctions on rusal rocked the market with all parts of the supply chain rushing to assess the risks of handling the company's metal. qatar has raised $12 billion in its first dollar bond sale in two years. saudiurpasses neighbor arabia, which issued $11 billion of debt this week. the sale comes as the middle east security risk eased after president donald trump hinted that military action in syria may not be imminent and russia toned down its rhetoric. comey fbi director james h

let's get a first word news update with juliette saly. ette: explosions have been reported at a military base in syria a day after president trump warned of a big price to pay over the chemical attack outside damascus. rescue workers and activists cite men, women, and children were killed in a chemical assault. moscow is morning against any military strike and despite reports of -- describes reports of chemical warfare fabricated. inrth term as prime minister hungary. i divided opposition, but his party is on track to defeat him in the countries previous two elections. european commission vice president says the eu should not participate in trade between u.s. and china but he says the block could leverage its role as a largest market. he was speaking to bloomberg at the workshop. >> it is not so much about taking sides. it is about respecting international agreed rules and trade disputes. there are always trade disputes. solve them within wto. japanese prime minister shinzo abe has apologized for a second scandal in a month over the failur

we go to singapore with juliette saly. france's emmanuel later.lands in the u.s.ll be on a mission to take an edge off of the american leaders america first policy. while he has had more success than many in getting through to trump, his effort to get concrete trade efforts remains patchy. cbs'face the nation -- the islamic republic could restart his program. everyone has a point. this is not a bilateral agreement between iran and the united states and withdrawing from it would be seen by the international community as an indication that the united states is not a reliable partner. iran has many options. in afghanistan, and islamic state suicide bomber attacked a voter registration center in couple yesterday. abul yesterday. a spokesperson said more than 20 of the dead were women and children. the uk's prime minister is battling a cabinet revolt amid fears that she will break her promise to take britain out of the european union's trade regime. some say she should -- she could be forced. such a move could trigger a challenge to her leadership. germany social democ

here is juliette saly. : mark zuckerberg will tell congress later that facebook's problems are his responsibility. ofis giving two days testimony over the worst crisis in the company's history and say it didn't do enough to prevent fake news and harm to users. he has met with the commerce committee's top democrat in florida. >> he said to me forthrightly, we were lied to and we should have cop that. that. caught i believe that, but in today's world, that is naive. canceled lift anza has half of today's scheduled flights after aching in set plans for a strike that will stifle operations at the german airline's two largest airport hubs. and company said more than 800 trips won't take place today. the union said it will stage a warning strike of ground staff and firefighters taking place in frankfurt and munich, as well as smaller cologne and bremen. that is your bloomberg business flash. , indeed.ks let's get more on the global trade story. xi jinping has reiterated pledges to open sectors from banking to all

here is juliette saly.d has thank you reported net income for the first quarter that be estimates. -- that beat estimates. revenue at 5.60 4 billion swiss francs also topped forecasts. we will bring you a live interview with ceo of credit suisse that is after 10:00 a.m. u.k. time. statoil profit has risen to the highest level since 2014 the extent higher petroleum prices and production. adjusted net profit rose to $1.74 billion in the first quarter just narrowly missing the average forecast of a bloomberg surveys analysts. it is the first indication of what investors have in store as the world's biggest oil and gas company prepares to present earnings this week. whitbread has said it's -- cost of coffee chain. the company which owns premiere in says it will review these are merger as fast as is practical and appropriate to optimize bayous for shareholders. whitbread's financial director georges after 8:30 a.m. u.k. time. takeda shares have fallen in tokyo. it increased its bid to shire. shire said that its

here's juliette saly. juliette: u.s.quity futures have dropped after an air traffic agency asked airlines to apply a caution of flights to the eastern mediterranean region because of possible airstrikes on syria over the next 72 hours. out to zero -- al jazeera has reported that aircraft has been seeing over the city -- president trump has warned that the u.s. will respond forcefully to a expected chemical attack. russia has vetoed a u.s. resolution at the united nations to create a new expert body to determine responsibility for chemical weapons attacks in syria. nobody would've been tasked with finding out who was responsible for an attack in douma last week that killed 70 people. it is the 12 time that russia has used its veto power to block. donald trump has been advised he has authority to fire special counsel robert mueller. the secretary shifted the administration's message on his attitude toward mueller after the president angry response to a raid on the office of his lawyer. that comes despite top republicans in

here's a bloomberg business flash with juliette saly. liette: facebook ceo mark zuckerberg has emerged mostly on rough for grueling days of congressional hearings. he reiterated they did not do [laughter]revent its from doing harm. >> the it is inevitable there will need to be regulation. i think you have to be careful about what regulation you put in place. for faced ar challenging start as its domestic market was pelted by rein in one of the wettest winters and 60 years. while it's [indiscernible] first quarter sales rose 4.1% on a like for life -- like for like basis. jpmorgan is being sued for charging "skyhigh interest rates and fees." they began trading cryptocurrency buys. increasingmes as an number of credit card issuers are taking measures to limit our block cryptocurrency purchases. that is your bloomberg business flash. guy: let's go to davos. it is snowing heavily. it is the ubs global wealth --estment management management investment summit. it is still snowing here and we are at the ubs level wealth management investment sum

let's get to juliette saly. u.s.ld trump is weighing options for military action against syria. this as western powers rallied against assad over an apparent chemical weapons attack. embers of and other the security team met yesterday. that comes after the president warned russia on twitter to expect a missile barrage toward his ally syria. saying "you should not be partners with a gas killing animal that killed his people and enjoys it." has intercepted a ballistic missile over around and shot down two drones in another part of the country. the latest attacks lamed on iranian rebels -- blamed on iranian rebels. middle east tensions are impacting on oil prices and will push them higher if they can -- continue. according to the head of the international energy agency. a second waveerg of u.s. shale will see global markets well supplied with crude for years to come. arabia shouldaudi be cautious with its ambition for $80 a barrel. >> high oil prices, very high long time isr a not in the benefit, in the interest of oil

let's get a first word news update with juliette saly.th korea'stte: kim jong-un has called more meetings with south korea after the first leader to cross the border. he made the offer to the president moon joining -- president moon in 11 years. masked in the symbolism. kim declared a new history and era of peace, while moon said the weight on our shoulders is heavy. the bank of japan has left its monetary stimulus program unchanged as governor kuroda started his sixth year at the helm just as he did the other five. the decision to maintain the yield curve control program was forecast by all analysts surveyed by bloomberg. the central bank also removed previous wording on reaching 2% inflation around fiscal 2019 while leaving its inflation forecast largely unchanged. the white house has confirmed that donald trump will make a working visit to the u.k. on friday, july 13. the trip has been anticipated for more than a year after britain's prime minister was the first foreign leader to be hosted by the president at the white house after the

juliette saly in singapore. the number of users -- facebook has said the number of users impacted the cambridge analytica scandal could be as high as 87 million people. that is the number of profiles of all of facebook's 2 billion users that could have been scraped. we spoke with coo sheryl sandberg with her thoughts. >> i feel deeply personally responsible. there are real mistakes that we made. when you take a step back and think about what happened, for a long time we were focused on building social experiences. a lot of good happened the cousin of them. when we saw problems, we would shut down that problem. the specific case of the sharing that happened is one that was shut down in 2015. what we didn't do until recently, and what we're doing now, is take a broader view, looking to be more restrictive in ways they could have been these deuced -- data could have been misused. we did not build products fast enough. we had 10,000 people working in security. at the end of this year, we were more than doubled to 20

the ceo of vietnam airlines, speaking to juliette saly. >> coming up next, sprinting to the finish line sprint. we will have the details of this long-awaited agreement, next. this is bloomberg. ♪ ♪ "bloomberg markets: asia." >> abu dhabi investment funds are reading the rewards of its merging with international petroleum. they rose 14% last year, using its combined portfolio in existing companies to sell mature assets. they manage about $250 billion of assets. is betting that they can team up to build the next generation wireless network and jump ahead of verizon and at&t. the all stock deal follows weeks of talks. t-mobile will share the new operation, and the ceo says he aims to shake up the sector through innovation. ody's getting an upgrade. bid in neweived a south wales. they are offering $1.2 billion for the 1800 megawatt plant, which is in the hunter valley. includes $900 million for upgrading. >> up next, we will be speaking more about the markets in terms of what the fed has in store. all implications for emerging markets, to be joined by stuttering turner bankhead -- by standa