luke ellis: in the less liquid there are a lot of interesting opportunities there. k you so much for joining us. use ellis talking to exclusively this morning. up next, more on the doj. after the bank of japan's move, we will get feedback out of japan. this is bloomberg. ♪ hohey s w'oiit ghong, estcak ?hoestcak .th lais p hceotas hkeca hyso wn' aret't ey llsekeg lica hotkes? cwithstomcain business tean fid wi, pro cthey bould e.ju ddst aus a czetomid ey age yltowiour rofi pas splgeh pa an u'd yo 'll yeastr cusomerer wheie thesr ey a aredylrea -ju ddst aus a czetomid ey age on dheiresevic pas splgeh pa .or upder . 'ithare tstn jui, wif c itelan howp grr younebusiss. u y'don'e t se ethat dveryay odintrg ucin pwifiwiro, fi hthatelyorow usur bs.ines ascomct .ness t builbufor sssine anna: welcome back to on the move. 30 minutes into your trading day. stoxx 600 up 0.4%.at whatthe laggard today.r let us take a look at individual stock movers. they are talking to create a new company with new arriba. a 6% move. being getting near a deal reported in the italian press to say t

vonnie: luke ellis speaking exclusively on bloomberg. news, u.s.rate shares of amazon of 1.2%. our for that as well. they are rising after reporting earnings -- out for that -- alphabet rising as well after reporting earnings that beat estimates. amazon dominated in getting revenue from the cloud. how long does that story continue? >> we are seeing amazon web services, which i say is the most important company in technology right now, amazon web yearces is glowing at 56% over just as importantly, -- 38%. so close. 58%. so close. it is still becoming a massive business. 9.5 percent of overall sales. 56% of profits. the result is a strong business that is growing. it is sticky. customers stay there when they have services on amazon. it is changing the world of technology. it is important because what is happening is that companies are turning over computer stores to amazon and not buying from other companies. the pain at hewlett-packard, unit, and other companies, the pain is driven by amazon. vonnie: and white box storage, if you have storage with a

he will step down in august and replaced by luke ellis. roman has been running for two years overseeing a number of acquisitions at that time. he was previously ceo. the appointment will position the firm for long-term success. >>> now ericsson two main shareholders want to replace the ceo hans vestberg. this follows ericsson's pledge to boost the income. ericsson shares fell 5% tuesday and lost about a third of their value in the past year. yesterday we were talking to him. i asked him in a cnbc interview if he still believes he's the right man to lead ericsson forward. >> when you're doing as many changes was we're doing right now, the structure, reducing cost, putting a new structure in place. you have a market where some areas are coming down. some are growing. i think my focus and the leadership team execute on that and to perform on the performance of the company. that's our main focus. >> that was the ceo of ericsson. a man with a job on his hands there. >>> nick, let's get back to what we were discussing. i read an interesting piec

caroline: luke ellis is going to be taking the helm at man group.ell us about the outgoing pimco chief executive. douglas hodges on the way out. what it much mulch was time he had to oversee with the farewell the growth after mohamed el-erian departed in 2014. ryan: it kicked off with the an in januaryel-eri of 2014. then you had gross leaving later that year. gross, when he left, he said part of the reason was in fighting. he said his partners were after his bonus. he also said pimco was doing the wrong thing with its strategy and verifying away from bonds and burgers and 82 -- i'm looking at my notes -- something like the varied menu you would get at a cheesecake factory restaurant. far as he was concerned, pimco was making a wrong move in diversifying away from what it was good at and viewed everything as for all investors. this was a difficult time. if you look at the company's assets, they declined by 25% since 2013. they were managing about $2 trillion in 2013. that has declined. they are cutting jobs. what we have seen is they are bringing in

manus: luke ellis, if you go to his bio, you can see the backtrack.fficer, head of multi-assets between 2010 and 2013, and he was managing director of financial risk management between 1998 and 2008. anna: just in the last couple days, we've been talking at bloomberg -- our colleagues have been writing about how alley liance sort of pivoting their hiring from the bill gross era. board members site alternative investments. it seems they are overhauling staffing at pimco, something of the theme over the past few days. that's according to a member of the german insurance board. manus: let's get the bloomberg first word news with rosalind chin. donald trump has told supporters he is going all the way after formally securing the republican presidential nomination. the announcement in his home state of new york that pushed him over the line. trumps team has been looking to get the convention back on track after a opening day rocked by questions over whether melania trump plagiarized michelle obama. fourth-quarter revenue was $23.6 billion. that was after an