tom mackenzie?sed his denial of russian election meddling after widespread backlash, including from members of his own party. trump now claims he misspoke one word during his news conference with president putin in helsinki. the clarification came more than 24 hours after those comments from which he has not backed away in several media interviews. >> i realized there is a need for some clarification. obvious, it would be but i would like to clarify, just in case it wasn't. in a key sentence in my remarks, i said the word would instead of wouldn't. the sentence should have been, i don't see any reason why it wouldn't be russia. kong exchange will be able to buy stocks with weighted voting rights. it is agreed with the shanghai exchange to set up a working group to form rules on the new adjustment as soon as possible. we did voting shares were excluded on monday. e.u. nations are being told to brexit.for a no-deal the daily telegraph story appears on the day the new u.k. brexit secretary visits bruss

emily: that was jenny lee speaking to tom mackenzie in our china venture series. coming up, we will hear from uber's chief legal officer on what it is like to have one of the most challenging jobs in silicon valley. "bloomberg technology" is live streaming on twitter. be sure to follow our breaking news network, tictoc, on twitter. this is bloomberg. ♪

here is tom mackenzie.t trump has attacked the fed rate policy, a break with white house tradition of avoiding comments on monetary policy to respect the independence of the central bank. told cnbc he is not happy the fed is raising rates and potentially slowing the u.s. economy. rates fives raised times since the president took office in january last year. higher after saudi arabia pledge not to flood the market to bring down prices. step upaid it would supply and opec will maintain production to suit customer's needs. brent crude has fallen this month as the escalating u.s.-china trade were triggers concern about renewed oversupply. indian stocks fell a second day ahead of a no-confidence motion in the prime minister narendra modi. his ruling party has faced challenges after a smooth first couple of years in power. it won in december with a wafer thin majority. crucial elections in other states led to the failure to form a government in may. a korean companies claim to have found a sunken russian warship

i am tom mackenzie, this is bloomberg.e today, generally speaking for equity markets in this part of the world. sophie: positive day, indeed. spi adding over 1% in singapore. we are seeing properties gaining ground, surging on a privatization deal. we also want to highlight chinese stocks. there helping a three-day drop. the yuan is extending losses. seeing shares in australia gaining .4%. oferial stocks given some the tariff outlook. also want to highlight the aussie dollar jumping, while using some of its advance. came in jobs data stronger than forecasted after contracting in may. we saw the aussie hit a session high on the back of that. 50,900 jobs added for the month of june. to add what is happening with the yen. we see it gaining ground. taking a look elsewhere, i want to highlight what is going on in korea. .1%. korean consumer stocks are under pressure and we are seeing that be the case as well for consumer shares. a last look at what is going on with the indonesian rupiah flipping ahead of bank indonesia's policy

andy murray will return from injury later tonight when he faces mackenzie mcdonald in the washingtonhe tournament is murray's third since having hip surgery injanuary, and his first on a hard court. the former world number one pulled out on the eve of wimbledon, and has now dropped down to 832 in the rankings. ben croucher reports. this is not big news. andy murray is back, again. he is in washington for the latest tournament, after a long road to recovery. expeditions are pretty low. i had a bad thing quite well, i think, pretty low. i had a bad thing quite well, ithink, in pretty low. i had a bad thing quite well, i think, in the practices that have had. i have been competitive with all the guys that i have been playing with, a good sign. i have got to transfer that onto the mat cord, which is harder than people think sometimes. will take on american mackenzie mcdonald in the first—round of the city open in the early hours of the morning. a man who was just 11 when murray won his first title. he is ranked 730 paces higher in the world ranking. it has been quite the fall from murray

groupthat was the auto chairman speaking to tom mackenzie. a quick check of the latest business flash headlines. air asia is near a deal to buy $23 billion worth of deals -- from planes of airbus. they already have one from the a320 and could order to hundred of the new neo-jets. airbus is close to selling the widebodied a350 to a taiwanese start up. ramy: rolls-royce may offer maintenance credit for planes grounded by faulty engines. carriers will be given reduced turbine overhaul fees and credits for future orders as well as problems with the 1000 engine that has affected several planes like the dreamliner. by0 million cash flow target pushing up to later years. chiefshe u.k. defense will use the air show to reveal plans for a new fighter to compete with a plane being developed by france and germany post-brexit. the details would and decades of cross channel military cooperation. the u.k. could team up with aerospace companies in china. ramy: you can get a roundup of the stories you need to know to get your day going in today's edition of d

in the course of this dinner churchill was very candid with mackenzie king about his intentions wererant and atomic sharing in about roosevelt's and nearly on the eve of the meeting with the vice president at hyde park which makes it an interesting 12 page memo. you can read this online if you go to the library and archives in canada. he left us a detailed account and in the context of negotiations with roosevelt churchill said quote, i can do more with the president by not pressing too hard at once. he's a fine fellow, very strong in his views but he comes around. walking mackenzie king to the door as the evening ended churchill said of fdr he really is the one friend that we have and we must keep him in close touch as we can. churchill arrived at hyde park on the evening of august 12 with his daughter, mary and his personal staff which was rather small contingent for churchill to bring. fdr would hardly be alone under churchill's sunlamps and eleanor roosevelt was there before leaving on a trip to the pacific and hyde park was full of roosevelt family, friends, white house staff, i

forthcoming trip to the foothills of mt fuji with his sweetheart will be a special time mr mackenzie has spent a lot of time preparing for this weekend and he has big plans for tonight. miami has found an expert in demography and we're on our way to meet. their own local that's you know what i saw that you know that if the thought of going over the a.f. . and knowing you. don't want. to do with the surest. thing you did a good seal. gotten a little cool so this is all. you want you must. have cited. you think. this is mr maroons house. mr carruthers has come to visit the homes of quite close to each other and they both live with donors. right to the front. oh. so let's study all of the economy because up until i push you down this idea who rather let us not you know you see the way it is erased you help you if you need to because he's wrapped. presents. that's what they really do you feel connected and i understand the problem is that what it was that the course nothing about you. but the. goal. of people who know more that. most of all to no no. no no there's a little no no no. no.

snobbery since the days of working class hero fred perry one of those accusing voices is dr lisa mackenzie sociologist and author of getting by states class and culture in austerity britain she joins me now lisa thanks for coming back on statistics out this past few months four point one million children thirty percent of u.k. children are growing up in poverty nearly nine million adults this week one in three this month one in three primary school teachers providing toothpaste or soap wimbledon will surely distract us all in this country. i'm sure it won't actually i'm going to start anybody from the every day sort of poverty that is happening all over the country among working class people now. wimbledon is not a drain they spall of the working class so i'm sure all the b.b.c. constant coverage of wimbledon start this week. i'm sure it won't be destructive. anybody apart from those that saw in the office in the glittering chrome and glass offices all over london what has changed since say twenty zero eight let alone because fred perry was the son of a leftwing cotton spinning family when

citing a mackenzie global institute study, the book points out, the american economy would have addede than 5 million jobs and another $1 trillion of gdp just over the past decade. in other words, short term thinking is not rewarding. joining me is one of the authors of that book, rodney zemel, managing partner of mackenzie and company. thanks for being with us. let's talk about about some of the examples you looked at in your book. one example that people look at is cvs which took a short term hit to its bottom line when it decided it was not going to sell cigarettes and really be able to identified as a health and wellness company. >> hi, ali, pleasure to be here, thanks for having me on. by the way, i'm the managing partner for the northeast, not mackenzie overall. >> we were trying to give you a promotion, but all right. >> i appreciate it. the cvs story is a mask one. they had taken the company and thought hard about what the long term direction should be. they decided on a mission that was helping people on the path to better health. as soon as they decided on that mission, they

but the mackenzie study and baines study which i found very informative and the mackenzie study has basically three points. between 2005 and 2015, 81 percent of american households had their wages stagnate. a1 percent. and mackenzie look at this and they surveyed people and said what do you blame? for that stagnation? and you could basically campaign from the responses. was immigration, trade, and corporate elites. there's three answers on what people blame for the stagnation of wages. now, when you look at bain consulting and this is where i want to go, they said it is the biggest threat to america's economic growth? an answer, this is mitt romney's firm, surprised the biggest threat bain or just america america's economic growth is in company quality aftermarket wine? it's going to hurt consumer demand. we may not have people who buy our products. it could be who could be henry ford who paid workers so that they could buy his products and we. here's my think all democrats should do. we should not concede economic growth to the republican party. they've been running the same ones since 1980.

we are talking to tom mackenzie out in beijing.ice little story about what happening with erickson. >> a nice win for erickson. a 600 million contract to provide equipment for the largest mobile network in italy. ck is buying it out. this is erickson benefiting from problems in the u.s.. with trump's ban on equipment supply. there was some speculation a couple months ago wondering whether cte would be able to have complete major contract in europe. now we are seeing that it cannot. guy: thank you, everybody. first go on your bloomberg. all the details on what happening with the stocks news. fair values. points to a negative start in europe. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneu

jean mackenzie with that report. programme website — that's at bbc.co.uk/victoria. in a moment, we'll have all the business news. but first, the headlines on bbc news: charities are guilty of "complacency verging on complicity" over sexual abuse by staff, says a damning report by mps on international aid. it's emerged that salman abedi, who killed 22 people in the manchester arena attack, was rescued from libya by a royal navy ship three years earlier. a warning from us intelligence — north korea may be building new intercontinental ballistic missiles, despite the trump—kim summit. hello, i'm alice baxter. in the business news: an independent review commissioned by the fca into royal bank of scotland 5 treatment of small and medium—sized enterprise customers transferred to its global restructuring group has found that no evidence that the bank deliberately transferred customers to grg in order to profit from their restructuing or insolvency. tech retailer dixons carphone says a huge data breach last year involved ten

tom mackenzie in beijing. as we have been reporting, the l, which has in seou kept the cost of borrowing on hold. much of a make of economic conditions? let's get to first word news. >> employment is sluggish and other news, they will sign and agreement related to the giant grasp are copper and gold mine. a signing ceremony at 4 p.m. jakarta time. the government once local interest to have majority ownership while freeport once -- wants to be in charge of operations. saudi arabia sovereign wealth fund has been approaching banks for the first ever loan. aiming to establish a group of lenders on which it can work with future deals. the public investment fund is discussing a multibillion-dollar loan as it aims to become the largest sovereign fund in the world. it is central to the vision 2030 plan to diversify the economy away from oil. india has overtaken france to become the world's sixth biggest economy. ahead of france. expect india to be the fourth are just by 2022. croatia will face france and the world cup

by mackenzie it gets us into sas it. just shows that. you're in. the news. when it. comes. to most. people but. i don't. know most. news in. the moment since. there's. some small print. but currently premier. league don't want to lose. this race to me with my small. sharia. law exists. to. elude. leg look look look look look look look look look slowly simmonds liters per hour looking a little play a little while and fluent. lol i'd love to play the lead of the let's zoom in. sleepless in the. mother look a little slower she told me it's muscles seriously ill and leisurely. look look look. look. look look look look look look look look look. the leg look. look look. look look look. closely it's. plenty. illo. please. please. please. i don't currently. plan. to sleep. sleep sleep sleep. please please please please let me. play pool play mind games. let's play. that. i try to. play it's. like. please please please please please please. please please slow please. please. please. please. please. please. please please please. please. it seems it's silly what's the big news please. please p

jean mackenzie has more.ourney home from the clinic, zoe felt the effects of the abortion pill kicked in. the pain and the nausea was so extreme, i had to get off the tube. i lay down on a bench and basically just decided that i wasn't going to move any further. the abortion pill is used to terminate an early pregnancy. it requires women to take two sets of tablets over two days. now, the current law in england states that women have to take both sets of tablets within a hospital or clinic. they have then got to make the journey home back from the clinic while they wait for the abortion process to begin. but once you've taken that second tablet, it can start to happen really quickly. how did you feel, knowing that you were starting to pass your pregnancy and you were in this hugely public place? i felt scared and... exposed. and itjust felt really unfair. to prevent this from happening, both scotland and wales now allow women to take the second pill at home. it is only women in england who can't. senior docto

yvonne: tom mackenzie joining us from beijing.ing agencies super union says tariffs will not be a game changer for strong bands. jim prior will be with us, next. this is bloomberg. ♪ yvonne: "daybreak asia this is "daybreak asia." miami yvonne man in hong kong -- this is "daybreak asia." i am yvonne man in hong kong. inhleen: i am kathleen hays new york. 70% of his company's products will be affected by the trump tariffs. bloomberg technology reporter in selena, has been covering this. why is it hitting small companies the hardest? have relied on chinese manufacturing and equipment, but it hits small startups especially hard because they do not have the same ability to be able to offset rising costs from paris and levy it with other products, and they also do not have the infrastructure in-house of customs experts, trade experts. i spoke to one company out in 70% ofnia, and they said their products could be hit by tariffs if the latest round of tariffs go through. if their large competitors like apple decide to observe the cost, t

he eventually beat mackenzie mcdonald. had surgery in january and only returned injune. this is nice. who does he play next? he plays britain's number one, kyle edmund. that will be quite a match, because who wants to get back to being number one. and geraint thomas is back in the uk after winning the tour de france. what next for him? he'll miss the spanish grand tour, the vuelta a espana. that start in three weeks, and he wa nts that start in three weeks, and he wants some time. the tour of britain started wales on the 2nd of september, which would be great publicity for him, his team and cycling. he has renewed his contract with team sky at the moment, but he is expected to do that in the near future, perhaps another three—year deal. he says the win has given him a taste for big tour wins. we will see him and chris froome baffling xt, i think. see him and chris froome baffling xt, ithink. he see him and chris froome baffling xt, i think. he says they are a great team and why split that up? interestingly, he says there w

let's cross live to beijing, where tom mackenzie is standing by. we are waiting for chinese reaction. what might that be? no official reaction from china yet. we may get some comments shortly. we will be looking for those. don't expect a knee-jerk response. that has not been the playbook they have been used to or sticking to in the last few months at least. it should be a measured response, possibly some strong rhetoric from some officials and state media. but even the state media, the government told them to tone down criticism of president trump, no doubt aware this is a president with thin-skin. what the strategy appears to be is on the geopolitical front forming these alliances with the european union, at least making moves to that -- you have seen that play out the last few days -- showing that countries that continue to work with china on trade will get access, showing they are going to continue to open their markets and reform. we got an example with germany investing $10 billion in a wholly-owned business here. and also betting that corpora

corresponded, tom mackenzie out of beijing.the trade tensions and the surprise release of the nonmanufacturing pmi. ore on that now is julia wong. --king at the actual number 54.09. nonmanufacturing pmi. since this is out, weigh in on this. julia: something to do with the financial deleveraging which is weighted on infrastructure enveloped -- infrastructure investment. especially in may and june. double-digitn from growth last year, 14%. the current conditions continue to tighten for local governments. i think that reflects some of the weakness. speaking, they are much more domestically focused. since thets lowest late summer of 2017. we are still expecting manufacturing pmi. the survey is 51.3. not too far from the prior 51 point five. is there a degree of concern here? julia: some softness is expected. we have seen that things may be softening. -- the bigms question is the demand from the u.s. in the next few months with these new tariff rates coming in. will they lead to a sharp slowdown? that wethere is a worry will be in f

selina: that was byton ceo carsten breitfeld speaking to tom mackenzie., we speak about the future of high-speed transport. this is bloomberg. ♪ selina: it's a concept ripped from the pages of science fiction, a new form of transportation relying on vehicles moving at high speeds through tubes. dubbed the hyperloop, elon musk shared this concept and companies have been talking. only one company has developed the product that scale, virgin hyperloop one. joining us is the virgin hyperloop one co-founder in los angeles. you recently met with european regulators, many regulators around the world. there is obviously a lot of hype and excitement, but what is the number one concern regulators have when you talk to them? josh: i think the number one concern is that this doesn't exist yet. everyone is used to dealing with rail, boats, planes, trains, and they are trying to think of us in that concept. we are not any of those ridiculous modes of transportation. we can draw from the best of them, autonomous vehicles, platooning, but we need to be regulated from our

tom mackenzie with the latest on trade tariffs.lexis gray is senior economist at vanguard services. one of the stories that i put to our guest yesterday, donald trump talking about basically tariffs on everything from china , but mohamed el-erian made the point that we are almost facing a ragan era moment. china can't keep up with this level of tariffs and they will go into negotiations. we are near the end of this process. there will be substantive discussions because they just can't make up the good. this is the u.s. imports to china and u.s. exports to china in the white. they can't keep up. think we are still relatively early in the trade story. perhaps the u.s. economy has softened a little bit. when you think about the strategy of the trump administration, applying tariffs has been to push china to capitulate at some point. whether we are at that point now remains to be seen. anna: there's also a line from a number of u.s. trade representative who said, if we don't find an exit ramp, this will accelerate like a snowball going

andy murray will return — again — from injury later tonight when he faces mackenzie mcdonald in the firste washington open. the tournament is murray's third since having hip surgery injanuary, and his first on a hard court. the former world number one pulled out on the eve of wimbledon, and has now dropped down to 832 in the rankings. ben croucher reports. this is not fake news. andy murray is back, again. he is in washington for the latest tournament and what has been a long road to recovery. expectations have been low. i have been practising well. i have been competitive with everybody i have been playing with, i need to tra nsfer been playing with, i need to transfer that onto the match court, thatis transfer that onto the match court, that is harder than people think sometimes. he will take on mckenzie mcdonald in the early hours of the morning, a man who was just 11 when andy murray won his first title, but who is ranked 750 races higher. it has been quite a fall from andy murray who lastjuly was best player in the world. a nagging hip problem injanuary, in the world. a nagging hip p

forthcoming trip to the foothills of mount fuji with his sweetheart will be a special time mr mackenzie has spent a lot of time preparing for this weekend and he has big. found an expert in demography and when. yes that's not that's why i said not yet if the daughter yes. i know when you want to meet someone i will. tell you i didn't win the shorts. to deliver still. gotten a little too cool or this is all. you want you must. have cited you. if you think. this is mr miller's house. mr carruthers has come to visit their homes are quite close to each other and they both live with dogs. here. but. i will tell you the real debate is. also like starting your day. you don't. see the way. you if. that. person just doesn't want to read the connector and i understand. that's one of your. but that's not what the local. people do no more proof that this little to no no. no not that there's a little no no no. no. no more about it so sure what will. be so stupid. that it must. so you need to go all. study. on them when the court will see it outsourced to the law no doubt who watched it from want to

alexandra mackenzie, bbc news, livingston.ow it's time for a look at the weather with matt taylor. good evening. they weekend for the gardners. the return of some rain. it is easing eastwards at the moment. a few showers tonight. some will continue in the west. some will return to east anglia and the south east first thing on monday morning. they south—westerly breeze continues. further north and west a good deal more fresh as we start monday morning. the breeze not as strong as it was today. a blustery day. lines of showers through east anglia and the south—east. some for the south west, the midlands and yorkshire. a lot of sunshine between the showers on monday afternoon. winds lighter than today. temperatures back on the up, widely in the 20s. 25 degrees in the south—eastern corner. the winds get lighter through the coming week. a few showers. temperatures will be taking up. —— picking up. hello, this is bbc news. the headlines: geraint thomas becomes the first welshman to win the tour de france. five people die, hundreds o

emily: ellis capital managing partner speaking to tom mackenzie in our china venture series.will hear from a chief legal officer on what it is like to have one of the most challenging jobs in silicon valley. "bloomberg technology" is livestreaming on twitter. be sure to follow our breaking news network on twitter. this is bloomberg. ♪ emily: welcome back to the best of bloomberg technology." i'm emily chang. a judge granted uber a 15 month license to operate in london after the ride hailer made some regulation changes. the ruling came tuesday after 1.5 days of arguments, in which lawyers for uber insisted that the ridesharing app had completely overhauled its culture, passenger safety policies, and reset their testy relationship with the regulator. caroline hyde caught up with the details. >> they got 15 months to keep making good on the promises they said they were going to make, behaving a little better, reporting crimes, and offering a bunch of other changes. it is this 15 month period where they have to keep doing the right thing, then reapply for another license, and hop

forthcoming trip to the foothills of mount fuji with his sweetheart will be a special time mr mackenzie has spent a lot of time preparing for this weekend and he has big. plans for tonight. miami has found an expert in demography and we're on our way to meet. that's that's good that's you know what i know that you know that if the thought of going over the a.f. . and knowing you were in the me you know what i will. tell you i didn't win the shorts. i think. today was the old. daughter of a little cool. so this is all. you want you must. want it's like that you. get. it. this is mr merrill his house. mr carruthers has come to visit their homes are quite close to each other and they both live with dogs. here. as if. you got them. all to do right the way this guy who also works though you're. going to like to see you don't have a little business you know you see the way. you do. that. that's just the sort of thing with the connector yeah my understanding. was. that it was you. but. the local. people do know no more proof that the. most of all too long enough money in. the us that there's a

nicola blackwood, former conservative health minister joins me now and polly mackenzie, di rector ofes are already in. the i leads with the extraordinary story of the twelve boys and their football coach who have been found by divers after going missing in caves in north thailand for nine days. the guardian reports that the government is close to lifting its 8 year long freeze on fuel duty to raise billions to help meet pressure from cabinet ministers. the ft leads with europe's 2 largest supermarkets, tesco and carrefour — who are joining forces to buy own brand products and cut costs. "brexit rebels threaten to topple pm" says the express — and reports that senior tory mp‘s are prepared to bring down theresa may's government if she compromises on the uk's departure from the eu. let's start with that extraordinary picture in the extraordinary story from the i, these 12 boys missing the nine days, many people feared the nine days, many people feared the worst but it appears they are alive. it's a story that has gripped the whole of thailand for obvious reasons. 12 young boys with the

forthcoming trip to the foothills of mt fuji with his sweetheart will be a special time mr mackenzie has spent a lot of time preparing for this weekend and he has big plans for tonight. miami has found an expert in demography and we're on our way to meet. their own little that's you know what i see that you know that if it's all over the over the a.f. . and the one you. want i will. tell you i didn't win the sure. thing you did today still. gotten a little cool so this is the. new ones you must. decide that. you think. this is mr maroons house. mr carruthers has come to visit the homes of quite close to each other and they both live with guns. but. it's not. the easiest. also let's study on the economy because you're going to like to see you don't decide who run a little business you know you see the way it is erased you know you if you need to because he's gotten. us into this that's what they really value is your connector on my understanding of the company biggest it was it was that the course nothing else you. but look up the local. school book no more proof that the. most of all

forthcoming trip to the foothills of mount fuji with his sweetheart will be a special time mr mackenzie has spent a lot of time preparing for this weekend and he has big. plans for tonight. miami has found an expert in demography and we're on our way to meet up. it's good that's you know what i know that you know that if the dollar the ok yes. and the one you. want i will. tell you i didn't win the shorts. i think they did seal. gotten a little cool so this is all. you want you must. have cited. if you think. this is mr miller's house. mr carruthers has come to visit the homes of quite close to each other and they both live with dogs. here. as well. i will tell you the real debate is. also let's go to your. tell our viewers who don't have a little business you know you do do it is because you know you. got. to listen to. this whole thing with the connector and i understand. you. but that's not what the local g.p. told other people do you know no more proof that that this most of all to no no. no not that there's a little no no no. no. no more about it so sure what will. get so stupid. t

forthcoming trip to the foothills of mount fuji with his sweetheart will be a special time mr mackenzie has spent a lot of time preparing for this weekend and he has big. plans for tonight. miami has found an expert in demography and we're on our way to meet up. yes that's good that's why i say that you know that if the goal of the a.f. . and the one you. want i will. tell you i didn't win the shorts. i think. today was the old. daughter of a little cool. so this is all. you want you must. like that. you think. this is mr miller's house. mr carruthers has come to visit the homes of quite close to each other and they both live with dogs. here. as if. you got them. all to do with the way this guy also looks though your he gave me a close look at what you do if you don't have a little business you know you see the way it is the worst you know if you. listen to. this it will be the connector i understand every day because. you. but that's not what the local. people do no more proof that it is this little to no no. no there's almost no no no need. to moan about it so sure what will. get so s

our china correspondent tom mackenzie joins us from beijing., big news, but apparently they left out the price tag? tom: yes, just a minor detail there --[laughter] but it is still a considerable deal since they have been working on this for more than a year, to try to send a deal with that china government. ofk, it is just a memorandum understanding, but if it comes to fruition, it will give them a . fully owned production facility they say that they could be up and running in about two years, reaching the 500,000 target in terms of units per year in the next three years after the two-year build out. tesla. according to it is a significant deal for them, but yes, you point out something crucial, which is how much it will cost how much of the investment is. because at the end of the first quarter, the only had about $2.7 left in cash. they are burning through the cash, so that was a question raised by one of the analysts. we got a son soundbite from one of them pointing out this detail. >> the biggest question right now for investors, bulls and

tom mackenzie joins us from beijing for more. apparently we are in a trade war. what has been said over the weekend? tom: reaction from the state media but also have a business summit that was held in beijing. we heard from the vice commerce minister who was instrumental in the talks between the u.s. and china when it comes to trade. he took to the stage and called on businesses to push back against this trade action from the u.s. and said he hoped the business community would uphold globalization and the multilateral trading order. critics point out china's claims that it supports globalization do not stand up to scrutiny but those were the comments from the vice commerce minister. we followed him out of the meeting and try to ask if talks were going on between him and his u.s. counterpart because that would be key. he remained tightlipped, so we don't know if there are any official or unofficial talks. we also heard from one of china's biggest industrialists, a guy called frank, who is the chair of sinochem. he said chinese businesses would not be badly impacte

tom mackenzie there.sia where prime minister najib razak has pleaded not guilty in connection with a multibillion-dollar scandal. he faces 20 years in jail and fairly hefty fines. help us to break down the razak. here for >> criminal breach of trust was one of the major ones. another one was under the anticorruption law. he pleaded not guilty to all of the charges. these stem from companies .elated to 1mdb a lot of money ended up in his -- account and he said this is a case that will be watched around the globe. we'll see how malaysia handles charges against the former later. certainly, they also came up with a proposed amount for bail. usedis about a million dollars. this is from the lawyer saying that it is a little on the high side. he is being asked to surrender his passport as a condition for that. what do we need to watch? he was banned from leaving the country. wouldnot surprising that -- they would do him as a flight risk. i assume they will be able to meet bill and released from prison. the quest

mackenzie there with the latest out of beijing.nother developing line coming out of the bloomberg terminal. from the u.k.er has quit. let's see if we can bring this up. brexit minister steve baker. in the past 10 minutes or so, we said one minister would follow david davis. we are now seeing that you kate brexit minister steve baker is following suit. two out of the recent deal theresa may said she was being to the government for the soft brexit plan in order to keep trade going between the eu and u.k.. byre joined from washington the senior fellow on the council of foreign relations. she was the state department's first chief economist. haidi, $550 billion is what donald trump is talking about. what is your initial reaction? >> we have seen the first step in the opening gambit to the trade war. so far, the initial impact will be looked at at and industry but industry basis. in the u.s., it is the farmers and ranchers your hearing from first for the potential fallout. a lot of the other components that were part of supply chains th

tom mackenzie joins us from beijing. good to see you again.ve the tliv running, all the summation of what the americans and chinese have said and i like the way you phrased it. you are shocked that the chinese are shocked. why? tom cole and the fact that they come out with a statement saying they are shocked is surprising, it maybe it is part of their gamesmanship. they have come out and said we are going to fight back. we will take countermeasures. what they have not said is what the measures are going to be. they cannot match this $200 billion number in terms of tariffs and maybe they can look at other measures. we have been discussing those and when you talk to businesses, we have talked to [indiscernible] anecdotal evidence that some regulatory measures are being put into place to slow some licensing. it has not been a top-down approach. what you could get after the $200 billion is implemented, you could see a coordinated response . they have a multipronged approach. they are trying to form this alliance and push back against washington, w

murray needed over two and half hours to get past the american mackenzie macdonald. hip surgery butjust look out for the victory celebration, this meant a lot. paul garrity reports. starting from scratch again is how andy murray described his comeback from injury and shaking those hips is not easy after surgery. the early stages of the contest proved that against mckenzie mcdonald. he found it hard to get his rhythm, first set to the american. but once in his groove the former number one was dancing to his old tune, taking control and winning the second set. andy murray is in a hurry to get back to top form. he failed to take five match points and cue the frustration. once harmony was restored he ended his torment and will face kyle edmund in round two but for now the world will wait and see how quickly he can climb back up. still to come on sportsday this evening. rocky 137, england's record breaking prop retires from the international game. and another step on the comeback trail. fury fights in belfast next, but then it could be another crack at the world title. 10

police say mackenzie gilberd was walking on modesto avenue friday when kelsey ann nowell allegedly swervedcross the street and hit killed her. it'slear if they knach other. if the convicted, nowell will go to jail for 26 years to life. >>> some san francisco supervisors are targeting a perk enjoyed by thousands of those who work in the city. they don't like company- provided lunches. kpix 5's mary lee explains. >> reporter: it's lunchtime here at perennial and soma but you wouldn't know it. the seats are empty. anthony is the restaurant's owner and says it's extremely challenging owning a restaurant so close to big companies that have their own on-site free employee cafeterias. >> i think it's never been harder to run a restaurant in the city than right now. >> is this doesn't do anything to extent the community around it. >> reporter: san francisco supervisors introduced new legislation to prohibit new cafeterias in new office buildings and tech campuses they say the city has the legal right to do this through a zoning amendment using certain planning and public health codes. >> this is t

he faces mackenzie mcdonald in just his third tournament since having surgery injanuary.ers in zimbabwe are going to the polls in the first—ever election which doesn't feature the name robert mugabe on the ballot paper. mr mugabe was ousted last year after almost four decades of controlling the country. he couldn't support his successor, emmerson mnangagwa of the ruling zanu—pf party, describing its leadership as "tormentors". 0ur correspondent shingai nyoka has sent this report from the capital, harare. zimbabwe is bracing itself for a new beginning. since independence from colonial rule in 1980, no election has carried such weight, so much expectation. many here rose in the cold hours before dawn, eager to cast their ballots. i'm declaring this polling station open at seven o'clock. up to 5.7 million people are expected to vote today. so much depends on this election. this once promising southern african nation has remained stagnant for 20 yea rs, nation has remained stagnant for 20 years, many waiting in line have no jobs. i want to vote for my children so jobs. i want

tom mackenzie is with us from beijing to tell us what we know so far about these latest tariffs. have is aetails we list of about 200 items. duty being proposed on a total of $200 billion worth of chinese goods ranging from electronics to textiles, clothing, leather goods. it is now focused on consumer products. inflationaryan impact. there is a deadline of august 3. they will be consulting up until that point, then after we could get the tariffs imposed. that is what we're hearing from the u.s. side. they say this is in response to challenge -- to china retaliating with his own $34 billion worth of tariffs, which of course they put in place for retaliation to the initial u.s. move around $34 billion worth of chinese goods. this is all about i.p. theft, he saw that in a statement today. they said they are willing to talk to the chinese but are focused on trying to change the behavior of china when it comes to technology theft. this is punishment for that. the thing is you cannot really respond dollar to dollar here, just because simply they do not have that many of from the u.s.

by mackenzie it gets us into. the city of you news live from berlin and donald trump faces a storm of outrage after accepting the russian president's denial of meddling in the two thousand and sixteen u.s. election. he took the words of the k.g.b. . over the men and women of the cia. the white house struggles to explain why trump aligned himself so closely with the russian leader also coming up we're generating protectionism the european union and japan sign a landmark free trade deal embracing a third of the global economy in more than.

by mackenzie it gets us into. the news line from berlin come boldly into the election condemned as an undemocratic sham after its crackdown on dissent the country's strongman ruler is expected to extend its long grip on power opposition groups say the vote is illegitimate will go to come boethius capital for the latest also coming up. california bad old days of enormous wildfires fueled by strong winds and high temperatures they've killed at least five people and sent thousands fleeing for their lives.

the former world number one — now ranked 838th — faces american mackenzie mcdonald at the washington found time for a knock about with wayne rooney who's recently signed for dc united. the three—time grand slam champion admits to feeling a lot of anxiety having not played on a hardcourt for so long. he looked pretty relaxed here though. golf's world rankings are updated on monday, and they'll be pleasant reading for thailand's ariya jutanugarn. she's back to world number one after winning the scottish 0pen. the 22 year—old finished 13—under par, a stroke ahead of australia's minjee lee. it couldn't come at a better time with the british open just around the corner. the lpga's best players head to royal lytham & st annes this week for the 11th women's major of the year. now the games might not matter too much to fans in europe, but the international champions cup is drawing in some big crowds across north america and asia. atletico madrid face paris saint—germain in singapore on monday. head coach diego simeone will fancy atletico's chances — they beat arsenal on penalties in their fi

i'm joined again but nicola blackwood, former conservative health minister, and polly mackenzie, di rectorthink tank demos. many of tomorrow's front pages are already in. the i leads with the extraordinary story of the 12 boys and their football coach who have been found by divers after going missing in caves in north thailand for nine days. the guardian reports that the government is close to lifting its 8—year long freeze on fuel duty to raise billions to help meet pressure from cabinet ministers. the ft leads with europe's two largest supermarkets, tesco and carrefour, joining forces to buy own brand products and cut costs. "brexit rebels threaten to topple pm," says the express and reports that senior tory mps are prepared to bring down theresa may's government if she compromises on the uk's departure from the eu. also leading with that story is the telegraph, it says foreign secretary boris johnson is backing eurosceptic mp jacob rees—mogg after he warned theresa may of a rebellion if she fails to deliver on brexit promises. the times also lead with reports of infighting in the prime