sarah: jean-claude juncker is speaking right now.hat do you think he is likely to make of what trump has been announced -- announcing? alexandra: i think that he is going to stress what it means for the europeans, because after what president trump said, it sounded like he is getting a lot of concessions from the europeans that they are agreeing to lower their tariffs of industrial goods, that they are agreeing to import more soybeans, that is very important to trump's base. and that the europeans are going to work on the imports of liquefied natural gas. so, that sounded like a huge success for donald trump. and i think the eu commission president is going to stress this also as a success for the european union. sarah: alexandra von phnom and putting this meeting into perspective for us. thank you so much. thanks for watching. ♪ [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [inaudible] i'm inside . gays don't touch. prime minister no o one lei

what juncker will come with is a plural lateral deal.ries, japan, south korea, eu, u.s. getting together and dropping all tariffs on cars. this is something if this was a normal american president or the tradition we've had prior to trump that could be acceptable but trump does not like multilateralism. he said he likes to do bilateral deals. i don't think he will be open to another newfangled version of multilateralism that he's already rejected juncker thinks he has something in his back pocket i don't think it will be acceptable to trump. trump thinks he has a secret plan he will propose to juncker, i think it's mars and venus here, don't think they'll come to a conclusion at this meeting. >> there is optimism here, peter, behind the scenes some say the two sides will get a deal done. there's no way 100 billion or 2$200 billion in tariffs on auts will happen. do you guys sense that as well there's a sort of under the cover optimism that something will indeed happen >> i'm not so sure to be honest with you there was optimism with china

jean-claudeump and juncker reaching a deal.ke markets are liking the news so far, but given that the expectations were so low, we're seeing a bit of a bounce here. see if it sticks when markets open today. ramy: one thing we did get is that donald trump tweeted a very positive sentiment at least regarding the result saying that documents were being formed even as we speak. it will be easy to see if this ,olds, but the earnings front we can take a look at it. , is not an understatement to say that it takes down more than 20% after estimates and gave guidance towards a new normal when it comes to the growth of the company. >> let's take a look at how things will fare in the market opened afar. you are watching the 10 year jgb as well. sophie: we are seeing a jump in the yield, about .09%. this after the relic we saw on wednesday, looking at what the boj may do. and on that front, we have the yen catching a report that the boj is reviewing allocations. asis buying more topics opposed to those links to the nikkei. we do have japane

jean—claude juncker will walk away from this rather pleased with himself? absolutely.n over these talks. three hours of talks, constructive. they both said they had reached an agreement of sorts. obviously the eu has accepted to increase the imports of soya beans. and also, lng. in return for that they will have ongoing engagement and dialogue on how they can reduce tariffs, tariff barriers, and all sorts of industrial goods, apart from cars. and also exploring how they can reform the wto and address some of china's trade practices. very encouraging. let's talk about some of the exports they have agreed to. how significant economically is that? is it more political?” how significant economically is that? is it more political? i think so. that? is it more political? i think so. this is like a big area of production for the us and obviously for trump supporters this is a big sign that president trump is achieving something, he is rectifying the trade imbalance. if you look at how trade between the us and the eu works, us trade in services shows a surplus and there isa se

and jean—claude juncker.ds zero tariffs on not auto goods. he said the you would be buying more us soybeans. and working towards by more at work fine natural gas. he described the eu has been a massive buyer in the future. john caughtjunker massive buyer in the future. john caught junker reiterated that massive buyer in the future. john caughtjunker reiterated that and said that he had the intent to make a deal, and intention to make a deal. and that the two have made a deal. and that the two have made a deal. —— jean—claude juncker. he said he was brentwood zero terrace on industrial goods imported from the us into the eu and said the eu can and will import more soybeans and what were the words importing more liquefied natural gas. he said they would work together and have a dialogue to address various other trade concerns as budget concerns that the president has including reforming dwt or and other concerns coming of the right has in recent weeks. how difficult has things been between the two going into th

mark: i think it is an uphill struggle for juncker. he has gone to try to head this off and limit the damage, but trump has made it very clear in the last 24 hours in the tweets he has sent, that he sees this tariff strategy of whacking tariffs on to competitors is a good one for the u.s.. he thinks he can win. it is very difficult for the e.u., a conglomeration of 28 states, to offer the kind of unilateral concessions that he wants in order to be able to say, i have rebalanced this unfair playing field, it will be tough to them to do. vonnie: throwing down the gauntlet, and a tweet that might've been a little tongue-in-cheek he said, we should just drop all tariffs from autos to everything else, and then he sort of put it to juncker that the e.u. would not do that. is it possible they would consider that? marc: it is really hard. when steve mnuchin made a similar proposal, but a slightly more workable one or fleshed out, if you like, at the g20 said we can have a deal amongst our main partners. it has to involve tariffs. it has to inv

at one point, jean—claude juncker called the us moved stupid.the president's tweeds, were far from polite. we were told that a trade war was coming and to be discouraged. but it turns that there was a positive narrative let him behind the scenes. at the end of the day, that proved to be the vastly more important one. they have laid down some principles here for a future trade agreement which, if they could actually strike it, will be far reaching and world altering, andi be far reaching and world altering, and i dare say, particularly for those whose support trade and believe it is made the world a better and more prosperous place, it isa better and more prosperous place, it is a good thing. then need to show they mean it and they are ready to compromise and that they are ready to move ahead. but it is potentially afar to move ahead. but it is potentially a far reaching deal whose foundations were laid yesterday. that said, is there not a danger that this gives the indication to donald trump that an aggressive strategy, these kinds of threats of

donald trump and jean—claude juncker. after months commission. donald trump and jean—claudejuncker.rading tit—for—tat threats on tariffs, now meeting at the white house, the accusatory tone is abandoned and fears of trade wars receding. this is what we agreed today, first of all, to work together towards zero tariffs, zero nontariff barriers and zero subsidies on non— auto industrial goods, thank you. there is $1 trillion of trade between the two. donald trump says in areas like steel and agriculture, the us has lost what he said was billions of dollars because of unfair tariffs with the year you. services, chemicals, pharmaceuticals, medical products, even soya beans or mentioned at this meeting is areas where trade could increase between america and the eu. mr trump called ita america and the eu. mr trump called it a big day for free, america and the eu. mr trump called it a big day forfree, fair dealing. i had the intention to make a deal today and we made a deal. we have identified a number of areas in which to work together. work towards zero tariffs on industrial goods. that w

this is following a meeting with president trump and jean-claude juncker in washington. coming up, more than $100 billion have been wiped off facebook's value after his latest results. they will tell you why in the business update. all this and more coming up. you are watching live from paris. ♪ rochelle: first to the top story. greek officials have for the death toll at least 81 people after massive wildfires caused devastation in the capital of athens. both locals and holidaymakers flee as the decimated buildings and woodlands stoked by 100 wind gusts.er hour the fires are believed to be the deadliest on record in greece. the press is calling a national tragedy. from the with more resort of mati, residents have been describing other devastation. many have lost everything in the qualifiers. that these wildfires. reporter: people have lost everything. their homes, their cars, and in many cases loved ones. 81 people confirmed dead with the number expected to rise. the government has been facing a barrage of criticism for the way it has dealt with this natural disaster. in

we are waiting on this announcement from the president and jean-claude juncker. kinds of earnings that have been looking good. "after the bell" facebook is coming out and i went to turn our attention for the second as i watch facebook spin higher up about three and half percent. what's going on there as we wait on the president? >> high expectations following google's strong digital ad revenue and i think the whole focus will be on the growth of instagram. instagram has the potential to be as big as facebook itself and when mark zuckerberg first bought instagram in 2012, they laughed and said worst acquisition ever. now, they are saying it's potentially one of the greatest acquisitions ever. liz: anyone under 30, make out 40 is on instagram now. it seems to be the hot place to be as we are watching it we are at a three-month high if not a longer term here, so facebook. tom, what about technology? we see the nasdaq spiking up 73 points at the height of the session. are there any that are subsectors that are broad tech that you are really liking right now? >> well,

the stocks were watching in detail, we mentioned john called juncker and -- jean-claude juncker and trumpalking their. shipbuilding up by almost 8%. there will be a merger between sydney.in fairfax shares doing well. begin pressure, the drugmaker falling in tokyo as well as biogen in the u.s. though the alzheimer's drug has done quite well in earlier studies, analysts are still not blown out of the water, the worst performer in terms of member may -- member ranked returns in the region. manus: i'll need some of those alzheimer's drugs quite soon, i would say. trump anddonald jean-claude juncker agreed to spare new chairs while negotiating over trade. --ald trump explained by what both sides will work toward. >> we agreed to work together toward zero tariffs, zero nontariff barriers, and zero subsidies on non-auto industrial goods. huge ambitions. meanwhile the president of the european commission said the u.s. and the e.u. will hold off on other tariffs while negotiations proceed. >> is the united states puts the 20% tariff on car parts and other countries retaliate in kind, it would cost

juncker.lso said that president trump is expecting something very positive on trade with europe. also emphasizing that they have good talks with mexico as well. sayingcker, on his part, they need to focus on reducing tariffs, not increasing. that the european -- that the u.s. and europe are allies. president trump again reiterating that he wants to eliminate all tariffs, barriers, and subsidies. amanda: interesting. to fred's point earlier in the show, ending some kind of agreement, whether it is bilateral with europe or on a single sector like autos with europe to the u.s. would be very economically powerful. you can imagine lots of reason for both sides to come to the table with a sense of goodwill, despite other issues that create contention, including the president's stance on nato. you can imagine that is a subject they are trying to avoid today. of course there tournament and brussels, president trump cap emphasizing the need to up spending. that has been a contentious set of meetings as

also relief over that meeting between jean-claude juncker and u.s. president trump seeming to offer each other a peace branch for now looking at the french cac 40, it's higher by 0.66% the minute moving higher in a similar direction. let's look at the fx markets here euro just slightly weaker against the greenback as we await the ecb meeting. the dollar slightly weaker against the japanese currency at 110.770. sterling at 1,3182, and the yuan at 6.7820. >>> an update from china, that beijing security bureau has come out with more details on the nature of the explosion outside the u.s. embassy sri jegarajah joins us from singapore with the latest developments there >> good morning. it's becoming clearer as to what happened here. there was a statement released by the chinese police and the u.s. embassy there was one individual who detonated a bomb, they say, at approximately 1:00 p.m. today in the public space outside the u.s. embassy it's important to recognize that there was no compromise of security there was no one who really penetrated the perimet

juncker is the man to talk to.the commission is not but in this case, trade, he is the man to talk to. it will be tough. he does not have a mandate to offer a deal. francine: what will come out of it? the tweet suggesting they get rid of all subsidies and tariffs. i mean, that would never happen in one million years. >> there was a very difficult negotiation, which trump was allowed to stall but it was already in trouble because it attacks the sensitive areas on both sides of the atlantic. that is a very difficult proposition. he wants wants, something dramatic. he wants a concession. will go for is a process. a process that will avoid a full-blown trade war. that is the difficulty. and thehin this marc, trade battle, is a reality. this is whirlpool, thanks to norman for having us on twitter, the president's election, here is the equity markets, the fall off and the gradient on this chart is the plunge. you wonder where the whirlpool is going. doesn't really care about washing machines and dryers in the united stat

juncker said as much. have to this is the last-ditch attempt thatert a punitive tariffs could deal a huge blow to the european car industries, especially the american car industry. -- today fails, tariffs could be imposed. there is not much optimism, but doesn't hurt trying, right? mark: thanks a lot, bloomberg's nikos chrysoloras joining us ahead of the meeting between juncker and trump. we are slapping tariffs on your cars. the next minute, no tariffs. will we end up in the middle? steven: funny you ask about this. we just published a 20-page research report on the impact of tariffs. our clients can login and read this, but the point we would make here are based -- our base case scenario is tariffs probably are coming and coming on the car industry. we think this is going to hit all of the major economies. we can germany will get hit particularly hard given it has a focus on exporting to the u.s. so will japan. they have a 40% market share of the u.s. car sales. we think there is going to be a downward r

donald trump and jean-claude juncker saying they would cooperate on tariffs. acebook missed estimates in big way and the stock price fell in after hours, down about 20%. it looks like qualcomm is not on track for securing its bid for nxp. just about half the story when you are looking at it on the markets board. haidi: we are also looking ahead to the ecb decision. some of the other big names like amazon, twitter, still yet to announce. alphabet versus facebook, we will get more on that throughout the course of the hour. ultimately, what we are getting from wall street. bloomberg dollar index falling to the lowest in about seven weeks. that's going to play into the asian fx space today. sydney futures looking more positive. with that jumping commodities comedy bloomberg commodities index, as well as the jump in oil, expecting to see materials, industrial, and energy sectors to lead the gains. 7445.e dollar trading at . a bit of a mess yesterday, saying it doesn't change expectations. president trump has reached an agreement with european commission president j

the key takeaway at least in the view of jean—claude juncker, a major concession, is the us promise notffs, or to raise tariffs on cars being imported from the eu into the us while negotiations are ongoing. also minor points about buying more american soy beans and liquefied natural gas but it's looking like talk rather than the firm agreement. it's too early to say after all the rhetoric and the arguments whether an all—out trade war has been avoided? and if similar tough rhetoric between donald trump and the eu, particularly coming from donald trump. he began the day with some pugnacious tweets talking about no wea kness pugnacious tweets talking about no weakness in trade negotiations and reiterating his claim the us had been ripped off when it came to trade relationships around the world. he started to soften that a bit ahead of his meeting, saying he was very optimistic that good things we re was very optimistic that good things were coming. jean—claude juncker was saying he wasn't particularly optimistic so some contrary messages but both men very happy at the end of the day seemi

president trump and juncker agreed to suspend new tariffs. could this be the beginning of the end for a global trade war? and we hear from the ecb. mario draghi's executive paints a positive picture and we learn about the plan to hike rates. this is bloomberg. ♪ nejra: economics, finance, and politics. this is "bloomberg surveillance." let's get the bloomberg business flash. here is taylor riggs in new york. taylor: as we mentioned, facebook shares have slumped after the social network reported second-quarter sales and user growth that fell short of analysts production. the company also told wall street the numbers won't get any better this year. >> this is a critical year for facebook. we may progress preventing abuse, forged ahead with new innovation, and are adapting our services to the new trends. they have finally given investors the share buybacks they had been demanding. the anglo dutch energy producers says they are starting a $25 billion share repurchase around, two billions in stock. but even there estimates fell short of even the l

and juncker is ready to go to the mattresses here.um tariffs, juncker said, "so now we will also impose import tariffs. this is basically a stupid process, the fact that we have to do this. but we have to do it. we will now impose tariffs on motorcycles, harley-davidson; on blue jeans, levis; on bourbon. we can also do stupid." ( laughter ). ( cheers ) oh. oh. oh, we know europeans can do stupid. i've met piers morgan. ( laughter ) but, hold on, juncker. do you really think you're going to out-stupid this guy? >> bing, bing, bong, bong, bing, bing, bing. you know what that is, right? (star spangled banner) god bless the united shtates. >> stephen: so, yeah, yeah, good luck out-dumbing that. he's like the bobby fischer of being a moron-- he's always three moves ahead, and he's groping the queen. but trump just wants everyone to get off his case, tweeting, "when you have people snipping at your heels during a negotiation, it will only take longer to make a deal, and the deal will never be as good as it could have been with unity. negoti

juncker walking into today?sident trump doubling down his affection for tariffs despite republicans urging him to reconsider. yesterday the usga releasing some farm subsidies to help alleviate some of the concerns from phenomenal republican state ahead of the midterm elections. hearr. juncker is going to about his disdain for the $150 billion trade surplus and the eu was with united states. these are really focusing on the 15 million jobs on both sides of the atlantic as well as the more than $20 billion and retaliatory taxes that the eu is readying. how u.s. see companies, not just lawmakers the companies are reacting to all of this area gm and ford have earnings released today, will they know the uncertainty coming from trade? no joint press conference going to get more from president trump later this afternoon. david: kevin cirilli, thank you. we welcome now ambassador karlov , served as united states trey burton of as well as secretary of housing under development. it's good to have you here. ambassador hill

josh -- withude juncker jean-claude juncker buried the doubt -- juncker.an see the s&p 500 up 9/10 of 1% which is the highest since january. is also comingld up because of selling in treasuries and oil, which has been higher for most of the day, had gotten a pop after a bullish report showing a larger than expected draw in inventory. risk assets are on the move. equities was the star of the last 30 minutes. julie: let's talk about what is happening in the automakers and auto-parts makers. if you look at the index tracking those components, we saw them come up off of the lows of the day. still down 1.5%, but this is a group where we saw movement. dear saw move, and other companies that cater to the agricultural industry. if you look at earnings, you look at a mixed bag. as a result ofs tariffs. thee talking more about knock on effect of materials. we broke those numbers after the close earlier yesterday. the stock was down a bit. now down by 4.5% going into the close here. we still have the time warner unanswered question or overhang if you well. on the plu

jean-claude juncker got here at 2:30 in the afternoon and now it is 4:00. we aare gathered in the rose garden awaiting president and president of the european commission to make joint announcement and joint statement, potentially take questions, the flags behind me, u.s. flag and european union flag. make of it as you wish. liz is talking about headlines from "the wall street journal," apparently some deals has been reached between both sides though "the wall street journal" is citing european officials. we have not heard from the white house side of things so far, we do believe we'll hear from the president and jean-claude juncker shortly. we don't have any sort of timing. we've been waiting in the rose garden half an hour. i should, add, melissa, we were summoned here seemingly out of nowhere. pool reporters supposed to be covering the president on this day as it relates to video, et cetera, were called 3:15 this afternoon. out of nowhere we were told, get to the rose garden, it is open press event. here we are. 4:03 in the afternoon. send it back to you.

you questioned how much authorities juncker has in his dealings with the tariffs. how much authority does the president have pushing back on the auto tariff possibilities, on the $12 billion for farmers and on and on >> he's very at odds with this particular issue we have a lot more to discuss oincluding are the yierniairanis about to cyber attack the occupation that's a discussion coming up. you always pay your insurance on time. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ are you ready to take your then you need xfinity xfi.? a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's

commission president jean-claude juncker. juncker wants to slash tariffs. mr.riffs at all. is there room to get them together? nigel farage on that in the next hour. >>> tax exodus. the maybe not. a new report shows how hard it is to leave high-taxed states for low-taxed states like my state of new jersey. new jersey president steve sweeney is with us. we'll see how that works out. how can we say when you book direct at choicehotels.com you always get the lowest price on our rooms, guaranteed? let's say it in a really low voice. carl? lowest price, guaranteed. just stick with badda book. badda boom. book now at choicehotels.com ♪ liz: last hour our own judge napolitano talked about the legal gray area of attorney/client privilege after president trump's outraged tweet about michael cohen recording their conversations. let's take a listen. >> this is where it gets a little sticky. when i went to law school 100 years ago the attorney/client privilege was absolute, no matter what the lawyer and talked about, it could not be revealed without the client's consent. t

there was a comment also after his meeting withjean—claude juncker the eu which he has hailed asa juncker for free and fair trade. lots of positive economic news coming out of the us. but it fails to mention though i'm a is one the us economy has been doing 0k fails to mention though i'm a is one the us economy has been doing ok for some time. if you read donald trump's twitter feed you would think us growth had been lagging. also it hit 4% under 0bama multiple times, it hit a 5.2% at one time. the economy has been on an upward trend. the second thing to think about his troubled's trade agenda. all of recent months has been about the ta riffs recent months has been about the tariffs and taxes that he is imposing on foreign imports to the us and the potential trade were that that could cause. and i think the worry here is that the us economy is doing well and so we won't see the very detrimental effects of those policies for quite some time paul. which will allow him to do more damage in terms of protectionism on the world stage. you are saying something quite interesting before we came on

president trump and eu chiefjean claude juncker agree a deal to head off a transatlantic trade war.o coming up in business — losing friends on wall street. facebook shares slump as much as 24%, wiping $150 billion off the company's stock market value — as growth numbers disappoint investors. a warm welcome to the programme — briefing you on all you need to know in global news, business and sport. and as facebook shares slump after its income and number of users didn't grow as much as investors expected — we want to know, do you still like the social network? or has it lost you as a friend? tell us what you think. just use the hashtag #bbcthebriefing we begin in greece, where the desperate search for dozens of people missing after deadly wildfires, continues. at least 80 people have died, in fires that broke out near athens. the authorities are looking for survivors who fled the blaze, including those who escaped to sea by boat. the wildfires are the deadliest on record in greece. andrew plant has the latest. to the disaster here it is clear. this is a eu humanitarian helicopter, mor

. >> president trump and european commission president jean-claude juncker. they had discussed their meeting at the white house rose garden. this is 10 minutes. [chattering] ladies and gentlemen, the president of the united states and the president of the european commission. pres. trump: thank you very much. appreciate it. i appreciate all of our great senators and so many of our representatives for being here. senator john bozeman, you are here someplace, hello john, thank you. senator mike, thank you. senator steve daines, senator holden, thank you. they are all here. smith, thank you very much. senator james lankford, james, thank you. senator pat roberts, he loves those farms. he loves the farmers like i do. representative diane black, diane, thank you. representative kevin brady, with our new tax bill, how is it coming kevin, good? representative mike conaway, thank you, mike. newhouse,tive dan thank you. representative crist now -- christie, have to call her governor now, that was a great win. representative david, thank you. day, very big. we met righ

juncker with friendly remarks.hey hope to work something out and they expect something positive to take place. one of the things that president trump floated, one of the ideas he put out there to reduce all of the trade barriers. take away all of the subsidies. get rid of all of the tariffs. he brought that up moments ago in his face-to-face meeting with the head of the eu watch here. >> i think we should talk about reducing tariffs and that is what we have to do. >> well i agree. if we could have no tariffs and no barriers and no subsidies the united states would be extremely pleased. reporter: the big issue, trish, of course is auto imports of the u.s. cars that go into the european union get hit with a 10% tariff. the reverse, cars from the eu come into the u.s., 2 1/2% tariff. president trump threatened to raise that up eight fold to 20%. the european union saying that if the president, if the u.s., the trump administration decides to do that, then they could potentially, the eu hit back with some $20 billion w

president trump and european commission president jean-claude juncker turning down the temperature on a transatlantic trade dispute. the pair suggesting they will hold off on further tariffs while working through their differences. let's get to kayla tausche live in d.c. with more. >> reporter: the u.s. and europe put the trade fight on hold for now saying they would enter a new phase in their relationship and work together towards freer trade and streamlining regulations. >> this is why we agreed today first of awful to work together towards zero tariffs, zero non-tariff barriers, and zer subsidies for the non-auto industrial goods. >> so as long as talks are ongoing, neither side will enter into new tariffs the u.s. won't immediately roll back the metal tariffs it put in place on europe on june 1st. the idea that imports of steel or aluminum from your closest ally could threaten the national security of this country, this goes against all logic and against all history. we agree the president must reassess this measure in due time >> so they'll reassess that. but it was enough to win

maybe that is a bit of trump-juncker optimism. let's look at what the gmm looks like area -- looks like. as far as the equity indexes, you can see that next trade we had in asia overnight. down one pointng -- one and one third percent. it had been doing better earlier. gaining and as far gaining, the renminbi strength and the hong kong dollar down. take a look as we move over to commodities and sovereign bonds. rising up your 2%, you see the other soft commodities up and is far sovereign bonds, you do not see a lot of action from the jgb's here. we are going to juliette saly. juliette: facebook shares have slumped in extended trading, after the social network reported second-quarter sales in user growth that fell short of analyst rejections. the company told wall street the numbers will not get any better this year. >> this is a critical year for facebook, we made product rest venting abuse, forged ahead with new innovation, and are adapting our services to a new trend, messaging, store use, and videos. juliette: donald trump will

>> president trump calls on the eu to drop all tariffs ahead of jean-claude juncker's trip to washington amid reports that the block is preparing levees on $2 billion of u.s. goods. >> the european union is doing to us is incredible. how bad? they made 1$151 billion last year, our trade deficit with the european union >>> hello. welcome to "street signs." we are getting some ifo data out of germany attention will be on whether or not trade tensions hit sentiment as we await that big meeting between president trump and jean-claude juncker. overall the business climate index did fall in july looking at that index it hit 101.7 in july, slightly better than the forecast for 101.5. when it comes to current conditions, that index is at 105.3 in july, compared to consensus for 104.8. overall, in the expectations going forward, looking at98.2, compared to the forecast for 98.1 just a tick higher there you are looking at the euro essentially flat against the greenba greenback. we had a mixed pmi report yesterday, some drag on services overall manufacturing holding up there. once again, looking at

pool inside the oval office when he was meeting with the european commission president jean-claude juncker and the president did not engage, did not respond, and thanked reporters. after a bit of back and forth of the thanking and no responses, they exited the room. so the white house is pushing everyone to the outside lawyers for the president and rudy giuliani has been saying that this is information that is exculpatory of the president because it did not, in his view, come to a conclusion of a payment being authorized, a decision being made. what you pointed out was the notion that the president didn't seem surprised in the recording, it was almost as if we were picking up a conversation that had been a part of previous

juncker offer the president that might satisfy him?think the president is focused on terrorists. not only from the standpoint of leveraging other countries and negotiations but also the fact that tariffs are higher for u.s. exports to europe than they are for exports from europe to the united states. so if you can see some equivalent there he might find that enticing. david: if the president is right, he has said again and again that they are not equal. we have had negotiations for all of these years. is the president right? we were just bad negotiators? >> the agreements overall sought to balance a great number of different elements and at the time they were deemed to be appropriate and acceptable. there's always an opportunity after the fact to look at them to again and see if they can be rebalanced. that's generally what the ideas. whether that's practical or in what time that might be possible is a separate question. david: when it comes to automobiles which clearly are very important would it be politically possible to say let's m

. >> today is the day president trump meets face-to-face with jean claude juncker after months of tensions over trade policy. we will talk about the future of u.s. trade policy and get an update on whether the nation is close to a nafta deal. michael froman is our guest. bloomberg gets an exclusive's scoop -- exclusive scoop on secretary pompeo's testimony. he will say president trump understands the scope of the russian interference in the 2016 election. david: let's start with a check on the markets. abigail: not a lot of conviction on the part of investors at this point. we are looking at relatively small moves up and down, and mixed action for the major averages. the s&p 500 and the nasdaq higher. , little bit of a haven bid telling us perhaps the lack of conviction we are seeing in stocks could take a bearish direction as investors are seeking a haven relief. that is having an impact on the sector composition. for the s&p 500, most sectors are higher, not surprising relative to that small gain. up top we have a lot of the rate sensitive sectors, although tech just took the lead and be

president trump is meeting with jean-claude juncker over potential tariffs.amon javers joins us with the latest >> reporter: tariffs are in the swirl. yesterday the administration announced plans to aid farmers in light of the retaliatory tariffs put on the united states here's what the farm relief will look like. it will be about $12 billion in funding. direct payments to farmers, and they will purchase surplus crops, and disbursements will be due by labor day the president yesterday out on the campaign style rally talking about his relationship now with the european union ahead of this meeting with the eu commission president juncker today. here's what president had to say about negotiating and setting up this meeting with the european unio union. >> i said you have to change they didn't want to change i said, g we'ood, we'll tariff r cars they send millions of cars, mercedes, all of them. bmw. so many cars i said we'll have to tariff your cars they said when can we show up? when can we be there tomorrow okay? folks, stick with us >> so reassuring message t

jean-claude juncker is is president of the e.u. trade commission.utes. "new york times" says he brought proposals with him. most interesting one, automakerrers worldwide would slash tariffs on foreign cars. president trump wants more than that. he no tariffs. i have an idea for them, eu

jean-claude juncker 30 minutes from now at the white house, neil. neil: i'm so anxious.y. always good. general motors, fiat chrysler lowered outlook because it's costing more to build cars. nicole petallides on the floor of the new york stock exchange with more on that. hey, nicole. reporter: that's right, all about the tariffs, seen steel in the u.s. go up and they use that steel, we've seen general motors, fiat chrysler lowering the outlook. the stocks are to the downside. fiat chrysler had a change in the ceo, mike manley came in, the head of jeep. and the death of sergio marchionne, they have a new person at the helm. he starts with tailwinds that fiat chrysler is going forward and gaining market share here in north america. that being said, we're watching boeing, weighing on the dow jones industrial average. if it weren't for boeing, the dow would be in positive territory like what we're seeing to the s&p 500. boeing down 2.3% at the moment, higher costs in the defense business cuts into margins, weighing 80 points at one point on the dow. right now a little less th

have a positive take away from the trump-juncker meeting. amething of a deal that looks step away from a transatlantic trade were carried it looks like the asian regional economy holding up. a bit of resilience. rishaad: -- joining the semiconductor party. many companies have come in at ahead of estimates this reporting season. the chip business is doing well. we are looking at them and what is going on market wise. sophie: asian stocks mixed, but the yen below 1.11 against the dollar. on the backliding of disappointing earnings, but the topix on the upside. automakers reaching an agreement. resilience for second-quarter gdp growth for korea export, looking fairly decent. note the prize, semiconductor performance helping there a lot of the burden. we are seeing chipmakers lead gains of the cospi. samsung electronics boosting cost .6 percent. chinese stocks are headed lower and we have the hang seng declining. tech shares weighing on a benchmark. tencent a model for decline is on the hang seng. zte under pressure. check out the yuan, onshore

notean-claude juncker will be coming to the white house a great deal on trade.europeanays leaders do not see a trade crisis. president trump may be seeing differently. he has been critical of the e.u. , saying it runs a surplus with the u.s.. --ctitioners him protectionism is starting to weigh on the euro area economy. softened on weaker new borders and falling confidence. they've reported rising prices for raw materials and that suggests tariffs or the fear of them are starting to disrupt supply chains. in china, financial markets are rediscovering an appetite for risk to -- risk. the index cap this egg is three-day gain in almost two years. bond yields climbed. markets are taking cues from the push to reinvigorate a slowing economy. it looks like north korea has begun dismantling facilities at its main launch site. it would be a step forward in fulfilling a commitment made by kim jong-un at his summit with president trump. said commercial satellite images said the north have started disassembling. global news 24 hours a day and at tic toc on twitter, powered b

amy: trump had few details on his agreement with juncker, but claimed the eu would buy more u.s. soybeans and said he would work to reverse tariffs he put in place on imports of european steel and aluminum. wednesday's surprise joint appearance by trump and juncker in the rose garden came after the white house banned cnn correspondent kaitlan collins from the event. collins says earlier wednesday, she was summoned to the office of bill shine, a former fox news executive who was recently named white house communications chief. collins says shine accused her of shouting and asking appropriateate -- in questions during an earlier joint appearance by trump and juncker. this is an excerpt of that appearance. president trump: thank youou. -- tapes, mrmr. president? [inaudibible] amy: the white house correspondents' association strongnglyondemned collilins' exclusion from the trump's appearance in the rose garardens inappropriate, wrong-headed, and weak. even fox news weighed in, with network president jay wallace saying, "we stand in strong solidarity with cnn for the right to full acc

president donald trump and european commission president jean-claude juncker calmed that transatlantic trade route -- wrote -- row at least for now. >> a breakthrough saying the countries could avoid a trade war, butut the french government took a more cautious tone, warning any deal must be limited and b to the benefit of both sides. >> the american president was his usual, confident self when he met the press together with jean-claude juncker. the deal was done. the eu and usa have act away from their looming trade war. on the other side of the pond, some german political leaders welcomed the agreement. we have managed to avoid the outbreak of a trade war and return to the negotiating table instead. this opens up the opportunity for us to reduce tariffs instead of increasing them, and it means we can strengthen world trade. as part of the deal, the eu has agreed to buy more american products, including natural gas. in exchange, the u.s. will hold off on its threats of increasing tariffs on eu products and both partners will begin looking at ways to reduce trade barriers, but some i i

jean-claude juncker is set to head to washington? is desperately lobbying wilbur ross and his commerce department not to impose a new set of tariffs an auto imports. a veryuld potentially be big problem for the eu, because of germany the largest -- is the largest european exporter of automobiles to the united states. this has the potential to create a fault line within the eu. jean-claude juncker as well as the eu's trade chief will be heading to washington later this month to discuss the trade issue with donald trump. whether or not they can come to any kind of agreement is very unlikely. the eu commission at this moment does not have a mandate from the 28 member states to actually engage in any kind of substantial negotiations, so we expect that there will be more of a broader discussion happening in washington. there is some heavy lobbying going on. the commission sent a letter to the commerce department as part of its effort to avoid those car tariffs. manus: what will the eu do if the u.s. imposes the tariffs on their auto impor

and as the president of the european commision, jean—claude juncker, flies to washington to meet donald'll look at the tensions that could tip us into a full on transatlantic trade war. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. and you can be part of the conversation — san francisco considers banning on—site workplace cafeterias, saying they harm local restau ra nts a nd cafes. is it a good idea to support small local businesses? or would you be furious at not having a canteen in your workplace? tell us what you think. just use the hashtag #bbcthebriefing. as greece begins three days of national mourning, there are fears more people may be found to have died following the worst wildfires in a decade. at least 7a people are already known to have been killed as flames fanned by strong winds and high temperatures sweep through an area east of the capital athens. andrew plant reports. searching among the ashes, rescue teams walking among the still smouldering ruins of this seaside resort. so far we have found 30 bodies which we

the premier will be meeting with president donald tusk and jean-claude juncker.ng thing is he says china is much more worried than thinkutsiders actually they are. it will be interesting to see his thoughts. when one door closes, the united states, will another be open between china and the e.u.? paul: it is a big week for earnings in the united states. we will have goldman sachs out on tuesday and netflix due out this week. we will be digging into u.s. earnings more. a new guest is coming along and 15 minutes. the deputy cio. that is it for daybreak australia. all of the action next in daybreak asia. this is bloomberg. ♪ bloomberg. ♪ phones have made our lives effortless. streaming "must see tv" has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile saving money is effortless too. it's the only network that combines america's largest most reliable 4g lte with the most wifi hotspots and it can be included with xfinity internet. which could save you hundreds of dollars a year. it's a new kind of netwo

president juncker says they are willing to focus on reducing tariffs on a day when the president saidu wipe away all e.u. tariffs. that's a big conversation. the media in the room, we know because we have people there, shouting questions you could kind of make out a little bit. they were asking about the tape with his former attorney michael: and you hear somebody say "any other tapes, mr. president?" the president was on topic the tariffs. >> this is a lot about politics and distraction. your point is remarkably important. when you look at shifting the european markets, you look at some of the other european -- you look at the changes in economic factors, the value of our trade with them versus the trade deficit which is north of i believe $153 billion annually. look at the millions of dollars we put into france on a daily basis in trade and economic activity. if you want to have it as the democrats call it, they are suddenly for fair and open trade, let's take the tariffs out of the picture and rebalance based on goods and reevaluation. >> harris: interesting information and all tha

today the ten-year jdb giving up some >>> eu commissioner president jean-claude juncker is traveling to washington, d.c. this week in a bid to reduce trade tensions with the u.s. white house. white house advisers expect to offer details about a specific trade deal eu officials say they won't happen donald trump has blasted the eu as a foe and has threatened to extend tariffs on eu steel and aluminum imports to include the car industry juncker criticized the moves as brussels prepares a list of american goods it could slap with retaliatory tariffs these meetings are the latest episode in the spat about trade. >> i would like to reiterate this appeal, that exemption should be unconditional and permanent. we believe the u.s. measures should be judged on national security and interest, and this should not happen between allies we're calling for their withdrawal we'll continue our negotiations with the u.s., but we refuse to negotiate under threat >> it's totally unacceptable that a country is imposing unilateral measures when it comes to trade >> i want to sell cars in there like they se

after talks at the white house with the eu commission president — jean—claude juncker — mr trump claimedn their trade relations had begun. 80 people are now known to have died in the wildfires around athens — they are the deadliest ever recorded in greece. and dozens of people are still missing. survivors have been describing their desperate battles to escape now on bbc news — it's hardtalk. to talk with me it zeinab badawi. my guest is the outgoing united nations human rights commissioner zeid al hussein. he tell us why he is stepping down in august after four years in the post, about why he does not wish to remain in the role. after being criticised for being too outspoken — especially about the us president donald trump's policies. what has this form ofjordanian diplomats and to promote human rights globally after four years in thejob? zeid al hussein, welcome to hardtalk. thank you. to united nations human rights commission has served a full second term, why did you choose to stand down after one term? it was clear to me, that i sought a second term, i would have to somehow win the a