other's markets a landmark deal called shanghai london stock connects and what it means is charlotte's that companies can trade on the london stock exchange while british stocks can be sold in shanghai is not just convenient for investors chinese regulators see it as a step towards opening their markets to foreign investment while britain says it's a way to boost london status as a financial hub ahead of brakes and. the founder of huawei has compared the company to a badly damaged airplane while announcing plans to slash production ranjan expects war weighs global smartphone sales to be down 40 percent this year as a result of u.s. attempts to isolate the company internationally but he insists weiwei will recover . well way is waking up to the damage of its blacklisting by the white house during a panel discussion of the company's shenzhen headquarters wrenching fail laid out the impact in numbers. show on the way that to be in the next 2 years i think we will reduce sac capability as our revenues will be about $30000000000.00 lower than predicted so ourselves forecast is $100000000000.00 in revenue this year and next year but in 2020 we

largest mobile telecoms company at tel africa so she has full 15 percent of the listing on the london stock exchange a subsidiary of struggling indian telecoms giant tail and already lowered its initial pricing in anticipation of week to manage its all africa still raised 595000000 pounds it listen simple to any asli on the nigerian stock exchange. while africa's mobile network continues to grow its leading to turf was consolidations and new entries the fight for customers is intense especially between the top 2 companies at tel africa and m t n he you can see exactly where they're active and how they overlap and hell is present in 14 countries in sub-saharan africa from the jets to madagascar as well as africa's most populous country nigeria but it's only the 2nd biggest telco they can look at market leader m.t.n. it's headquartered in johannesburg and has 17 countries under its belt it also has a huge leading customer base with almost 171000000 people signed up compared to ed tells 99000000 or the mobile phone is a life changer on lake victoria it's many islands mostly accessed by small canoes cut

before tax up 35%, miles roberts is the chief executive of ds smith — he joins us now from the london stock exchange your spare parts i of brexit? we are pleased with these results, we've seen a strong growth in market share and customers coming behind our sustainable packaging solutions. and we deliver the results are shown. how will you keep this going because we want to see sustainable results or at least those who invest in you and that is what they want isn't it? absolutely right. we've seen good, strong organic growth, are a like—for—like volume is up 2.4 but 80% of our business is in consumerfacing packaging, around food and drink. sustained growth in the market for a number of years and our outlook is also very positive. we have got the whole sustainability agenda and you've got things like the growth in e—commerce, we leave that market across europe and it gives us confidence for the future. presumably you are going to win in this war on plastic, the move to get rid of single use plastic items, we are turning back to paper oratory? we have been investing this for many yea rs, we have been i

because interestingly enough they decided not to mention the word max when they notified the london stock exchange here that they are signing this deal and again that's probably because this could have sent jitters across the industry that at the heart of its crisis you have a major airline player ordering such a large amount of aircraft that passengers claiming they simply will not fly so with a vote of confidence like that alex what's your feeling bottom line can boeing get its way out of this can it survive given that really i know there are other plane manufacturers out there but really it's only boeing and airbus that really matter in the grand scheme of things for most airlines most big airlines at least for most airlines exactly the dominant players a boeing and airbus a notably boeing are extremely resilient we shouldn't underestimate the damage this has done and more so how this has kind of filtered down to the most basic level where i have people on the street telling me they won't fly the 737 max it will need probably to something like a rebrand where boeing a force to have doing to cha

businesses, american companies that are operating in the u.k., companies that are invested in the london stock exchangeand for tourists who are traveling to the u.k. and are uncertain about the degree of disruption. politically for the u.s., one of the most damaging parts of the brexit debate has been that it is consuming all of the political bandwidth within london. the british government is a most exclusively focused on the brexit debate, which makes it much more difficult for them to engage in policy discussions with the u.s. on a large number of global challenges that we want to focus on together. in terms of your first question about why people did not , brexit has been enormously complicated. the eu is complicated as a political institution. i think falcon be put on political leaders for not having sufficiently explained the way the european union has operated, the same way people tend to blame washington for lots of things, people tend to blame brussels for lots of things despite the fact that britain engaged in a lot of the decisions that were made by the european union, and there was false inf

because interestingly enough they decided not to mention the word max when they notified the london stock exchange here that they are signing this deal and again that's probably because this could have sent. it says across the industry that at the heart of its crisis you have a major airline player ordering such a large amount of aircraft that passengers claiming they simply will not fly so with a vote of confidence like that alex what's your feeling bottom line can boeing get its way out of those tenets of vive given that really i know there are other plane manufacturers out there but really it's only boeing and airbus that really matter in the grand scheme of things for most airlines most big airlines at least for most airlines exactly the dominant players a boeing and airbus a notably boeing are extremely resilient we shouldn't underestimate the damage this has done and more so how this has kind of filtered down to the most basic level where i have people on the street telling me they won't fly the 737 max it will need probably to something like a rebrand where boeing a force to have to change

paul: one of china's biggest brokerages plans to raise the equivalent of $2 billion on the london stock exchange the first program to use a new program. they plan to sell more than 80 million global depository receipts. the program launched on wednesday after months of delays. tiktokchinese video app hired a new head of strategic partnership. is beijing-based company worth about 75 billion dollars, making it the most valuable start up in the world. they face stiff competition outside china from facebook and snapchat. : a senior rb eight official says the rate of unemployment should start generating faster inflation, which is currently the lowest it has been in at least 40 years. what are the chances the jobless rates are slipping lower? >> the chief economic advisor to the governor a central bank pointed out that one of the metrics on which they base policy is basically -- you cannot see it. to discern what constitutes full employment where inflation starts to accelerate is by definition unknowable, and it moves around and that is what are the key metrics they are using. the tenor of that was th

royal pitch >> royal pitch >>> volkswagen's truck and bus unit traton made their debut of the london stock exchange. we'll hear from the c osheo in e minutes time >>> a quick look at u.s. futures. s&p, dow, nasdaq all seen to open in the green. i'm joumanna bercetche >> i'm willem marx "worldwide exchange" coming up in just a moment the first survivor of alzheimer's disease is out there. and the alzheimer's association is going to make it happen. but we won't get there without you. visit alz.org to join the fight. >>> it is 5:00 a.m. at cnbc. 2:00 in the morning in cupertino, california where we have a big announcement, chief designer jony ive is leaving the company after 20 years the stock losing and then bouncing back slightly full analysis coming up. >>> at a minimum it will be productive president trump previewing his face-to-face with china's xi jinping. what you can expect from that sit-down ahead. >>> let's party like it's 1998 wall street looking to close out the best first half of the year since that year. can we keep this party

because interestingly enough they decided not to mention the word max when they notified the london stock exchange here that they are signing this deal and again that's probably because this could have sent jitters across the industry that at the heart of its crisis you have a major airline player ordering such a large amount of aircraft that passengers claiming they simply will not fly so with a vote of confidence like that alex what's your feeling bottom line can boeing get its way out of this can it survive given that really i know there are other plane manufacturers out there but really it's only boeing and airbus that really matter in the grand scheme of things for most airlines most big airlines at least. for most airlines exactly the dominant players a boeing and airbus a notably boeing are extremely resilient we shouldn't underestimate the damage this has done and more so how this has kind of filtered down to the most basic level where i have people on the street telling me they won't fly the 737 max it will need probably to something like a rebrand where boeing a force to have to change t

last year, the european commission extended the amount of time that the lch, part of the london stock exchanges a service for these continental european banks. the extension, though, and in april even though we get no resolution. so a lot of these banks like unicredit are stepping up to the table and saying, we need to use this as an exercise to make sure that if we do get in no-deal brexit, that they are able to do this in a very organized form, so we are seeing the beginning of it. that brings up the question, if we get a no-deal brexit, what happens to london as a financial center? alix: so deutsche bank hit a record low. j.p. morgan said guys, stop "tinkering with restructuring." i love that. [laughter] saying,hey are probably what are you in the swaps business at all? [laughter] sarah: jp morgan is saying that they have to be more decisive. but they also said they have taken on the most difficult job in european banking. when you look at the european system, that is saying a lot right now. figure out which costs you want to cut, which assets you want to reduce, and we have seen it deutsch

frank timis has floated two mining companies on the junior stock exchange in london.human rights abuses. the other was hit with the exchange's biggest ever fine. regal petroleum had told investors it expected to find oil, even though it knew the oil well was dry. regal issued several statements that essentially lied to investors about the prospects of finding oil. even after the oil well concerned had been capped and plugged and they knew full well that they were not going to get any commercial oil from there, it was still telling investors that it would find large amounts of oil. mr timis's lawyers say he only held a minority stake, and that he was personally investigated and cleared. they also deny that he set up, or controlled, petro—tim. now we've obtained new information about frank timis — a hard drive full of leaked documents from inside his business empire. there are thousands of e—mails, agreements and contracts on this drive, and they contain information about deals from all around the world. the hard drive also includes information about his personal financ

businesses, american companies that are operating in the u.k., companies that are invested in the london stock exchangeurists who are traveling to the u.k. and are uncertain about the degree of disruption. politically for the u.s., one of the most damaging parts of the brexit debate has been that it is consuming all of the political bandwidth within london. the british government is a most exclusively focused on the brexit debate, which makes it much more difficult for them to engage in policy discussions with the u.s. on a large number of global challenges that we want to focus on together. in terms of your first question about why people did not , brexit has been enormously complicated. the eu is complicated as a political institution. i think falcon be put on political leaders for not having sufficiently explained the way the european union has operated, the same way people tend to blame washington for lots of things, people tend to blame brussels for lots of things despite the fact that britain engaged in a lot of the decisions that were made by the european union, and there was false information t

we look at the latest start—up — workplace app slack — to join the new york stock exchange. live from london's our top story on thursday 20th june. the business communication app joins uber, lyft, wework and pinterest to go public. with more than 200 initial public offerings lined up in 2019, are we seeing signs of the same tech bubble that burst two decades ago? we bubble that burst two decades ago? will be getting also in the programme... bubble that burst two decades ago? north korea welcomes bubble that burst two decades ago? china's president xi today — a hugely important visit for a country so dependent economically on china. and the markets in europe are all heading higher, following the lead from asia and wall street the night before, we will tell you all you need to know about the latest fed decision. tradition meets technology — the remarkable turnaround tale of german camera—maker leica — whose most famous fan is the queen. today we want to know — hong kong's richest man will pay students fees at a chinese university. is philanthropy the way to support students and pay their debts

off, really affects the london exchanges because there are so many energy and materials companies listed on the london exchanges. that is what we see, down about 0.25%. euro stocksnteresting dynamic to deal with for europe. do they follow the u.s. growth tech concerns or about rate cuts, rba cutting, the u.s. in futures.ed cuts french stocks taking a beating, down 0.7%. spain down 0.6%. even though we aren't seeing a rally in bonds, stocks are off. the sector board, showing a lot of red as well. should be no surprise after the selloff in crude, seeing energy stocks doing poorly. that should be interesting. we saw the selloff in the u.s.. some green when it comes to tech, so not as poorly as the u.s. theave to remember, antitrust story they are dealing with. but what does it look like on an individual stock level? matt: individual stocks, we are seeing most of them down right now, almost 500 down with only about 100 gaining. take a look at the move screen on the stoxx 600. you can see most gainers are up by less than 1%. go ahead and pull that out and you can see, linda for example uniby,, unit by -- getting a big boost, with goldman sachs upgraded to a buy price

stock exchange. edward lawrence live in london. susan li in the newsroom. we'll start with edward. go ahead.orter: melissa, it is not just lamb, but windsor lamb. she is a windsor, queen of england. part of the family heritage. probably a pretty good meal. they're at the state banquet, the president there, the queen, 171 dignitaries, the queen of england holds two state visit a year. as you mentioned three presidents during her tenure. when she assumed the queenship in 1952, three presidents have had honor. president bush in 2003, president obama in 2011, and now president donald trump. now for the white house this is a chance to show the people of england, to show the people of the united kingdom we stand with them as they break away from the european union. the president tweeting out today, earlier saying that he would like to see a deal made, a trade deal with the the united kingdom. the u.s. has been negotiating with the uk for some time, for about a year to have that deal since the moment they break away. the president wants within days to say that we do have a trade deal with them. we

stock exchange this morning. at't miss that interview 9:30 a.m. london time.berg. ♪ ♪ h i think we are at the igh end of the risk spectrum, so i have been expecting, it is not today's epiphany, but the possibility of a significant market downturn. nejra: that was billionaire paul singer, elliott management cofounder and co-ceo, speaking exclusively to erik schatzker. isven major from hsbc still with us. is this a time to be adding too much risk in portfolios? steven: it seems reasonable to expect some adjustment. i don't know about the size of the potential downturn, but it seems we have had a very good run. now is the time to be diversifying. if you look at the performance across asset classes, everything has gone up. anyone could have made money by just sticking a needle on a map. that cannot be right. at some stage, we have to become a bit more discerning. now is the time to start looking for quality, the safe havens, and liquidity. if that warning comes to fruition, you don't want to be in illiquid assets. nejra: on the safe havens you brought up, money ma

companies are listed on the london exchange and vice a versa when the when the brits start giving more money and store buying companies as the chinese buying british stocks as well and quickly france is also moving into this void aren't they. yes they are so b.m.p. part about one of the biggest benson breaks in france. china's opening up the scene what's happening with the u.s. so this bank they want to get into brokerage and wealth management services in china now this is because of this ongoing trade war china's loosening up a little bit saying hey we're going to allow the foreign banks to do more business here and since last november what we've seen as ability for 51 percent ownership in china of these type of services now we're seeing that this might even open up more it's just a pilot project in shanghai but once this happens that's more money for china interesting counterreaction and multipolar world our correspondent alex a hell of it to explain it all thanks so much thank you. then facebook finally made their foray into crypto currency official on tuesday revealing details of the newest virtual currency they've named libra with militant most cryp

stock exchange. this is bloomberg. ♪ ♪ , i'me: from new york vonnie quinn along with guy johnson in london.is the european close on "bloomberg markets." abigail: we have a bit of a risk off day for global equities. the nasdaq down to 4/10 of 1%. this comes after the rebound rally, which comes after the volatility of may. investors trying to figure out what is next, relative to the fed and trade. vonnie was mentioning in asia, take a look at the emerging markets, really being weighed on by the shanghai composite, to some degree, down 0.5%. the hang seng down 1.7%, its worst day in more than a month, amid those protests in hong kong. a bit of a risk off feeling relative to stocks. it is confirmed by bonds. if we take a look at the 10 year german bund, we are going to see the yield is down for a second day in a row, down two basis points. it tells you investors are seeking safety. yields lower in the u.s. as bonds rally. we have to point out the fact that this is yielding -24 basis points, pretty extraordinary today. investors are paying the german government to hold their money. relative to s

we look at the latest start—up — workplace app slack — to join the new york stock exchange. live from london

financial center in london is expect it to have to rely on equivalents going forward. stocks will swiss no longer be able to trade on other exchangeshat story certainly want to watch. another story relating to switzerland as well. traders are being convicted for three years. ubs compliance officers have been convicted and must serve half of their sentence in prison. back to the earlier story, they are getting ready to halt trading in swiss stocks as of monday. the other story coming out of the supreme court of the united states. you brought us the one earlier wrong saying that voting maps cannot be challenged. these broom court now seeing it has issued a mixed decision -- the supreme court now saying it has issued a mixed incision on the census question. we will get some -- mixed decision on the census question. we will get some analysis for you. this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." vonnie: let'svonnie: a look at some of the biggest business stories in the news. disclosingagement is $1.3 billion. elliott says bayer could unlock sharehold

london and in the rest of europe, tracking gains elsewhere. let's go to new york now, where vegan food is still very much flavour of the month — at least for traders on the stock exchangend meat have soared 400% since their debut last month. and investors‘ confidence has been rewarded by the company's first set of results as a public company — which showed first quarter revenue more than tripled. michelle fleury has more. as the first of its plant —based food companies to trade on the stock exchange, beyont meat had already attracted attention. their burgers, made from vegetable starch, have been popular with consumers. numerous american supermarkets have responded well. the early buzz about the company may have been justified. as well as a sharp rise in quarterly revenue, the company has also now said that it expects revenue for the whole year to be more than twice what it was in 2018. it seems sales are growing nicely, and yet the company still hasn't reached profit. overall, it lost more than $6.5 million in the first three months of the year. but for now, investors seem the year. but for now, investors seem to have an appetite for beyond meat‘s shares in line with

stocks bargains or will the weakness continue? >>> plus, the mlb heads to london, and it has many fans and locals scratching their heads. this is "the exchange. on cnbc i can't believe it. that karl brought his karaoke machine? ♪ ain't nothing but a heartache... ♪ no, i can't believe how easy it was to save hundreds of dollars on my car insurance with geico. ♪ i never wanna hear you say... ♪ no, kevin... no, kevin! believe it! geico could save you fifteen percent or more on car insurance. cnbc.>>> welcome back to "the exchange." the countdown is on to president trump's meeting with chinese president xi at the g20 tomorrow kayla, with some new reporting on the potential outcome here? >> reporter: yeah, kelly the odds were always low for a deal at this meeting but a senior administration official tells me the working assumption is that the two leaders will reach a truce, similar to the one reached in argentina at the last g20 where they last met. now i'm told that this truce is contingent by both leaders to entertain proposals of future negotiations even though i am told that robert lighthizer told his chinese counterpart earlier this week tha

london shanghai stock enjoyed a positive first day, closing almost 4% higher on debut. they the fist to tevs the new link and success could serve as a template for projects between china and other exchanges. the london-shanghai connect gives companies the opportunity to raise capital in the largest equity market in europe. global news on air and online. i'm jessica summers, this is bloodberg. paul: thanks, jessica. this month's g20 in osaka may still see a sidelines meeting between presidents trump and xi. however, wilbur ross said the summit isn't the appropriate forum for the u.s. and china to resolve trade differences. >> i think eventually we'll have the deal with china. i don't think it'll come directly out of the g20. the main thing that could come out would be an agreement on principles for how to move forward. that's the most that could come. paul: let's go to beijing and our correspondent, selena wang. does this dampen down expectations? >> what we just heard from wilbur ross is his attempt to temper expectations but it doesn't dampen expectations since we don't know if trump and xi will meet at the sidelines of the g20. on the bright side he said he expected negotiations to res