in new york, 30 minutes left in the trading day today, i mark barton. -- i'm mark barton. >> and i'me will be hearing from president obama, the keynote speaker in this hour, and we will be speaking with the chief aecutive of the chief -- of conglomerate with lots of executives in africa. mark: we will take you from washington to london with stories out of africa and japan in the last hour -- next hour. lots and lots, coming your way. the trading day in the united states, let's get over to the market desk. julie hyman the latest on that breaking news. advisors, the long-time veteran of wall street, well-regarded. here on the sick -- sec accused of insider trading. it has to do with potential insider information related to the sale of natural gas assets from a company cal

mark: i'm mark barton. this is your global business report. european bank sees risk diminishing. it kept its stimulus program unchanged but left open the door to more intervention. mark: meg whitman is making hewlett-packard smaller. she sold the company's software business to micro focus. in today's quick take, hong kong tries to cut a path from liberty to democracy. a look at the challenges it faces as it looks for autonomy from china. the european central bank keeping its stimulus program unchanged for now. policymakers do not see an immediate danger to the euro area recovery. they are leaving the main refinancing rate at 0%. saysresident mario draghi the eurozone has been resilient to risks from britain's decision to leave the european union. >> the assessment was, for the are notng, the changes substantial as to warrant a decision to act. fiat chrysler is at the center of regulatory investigations. the head of u.s. sales and chief executive of the chrysler chin wants to know if he height sales figures. his signatures on documents containi

mark: we are in london, i am mark barton.bankshares still falling by the most since the aftermath of the brexit vote, the bank says the justice department is seeking $14 billion to settle a probe tied to residential mortgage-backed security's. saidstatement, the bank deutsche bank has no intention to settle these potential civil claims anywhere near the number cited. michael moore covers the financial industry for us. what will it end up paying? $14 billion between and $2 billion to $3 billion able were talking about months ago. this is a big gap and the u.s. department of justice being aggressive, they have been aggressive with other banks in the past. in previous cases, the negotiating was done behind closed doors. not in the public. -- 5.5e has $5.5 billion billion euros in settlements and finds, will it have to boost those? >> most analysts have at boosting those over the next butle of years anyway certainly they have a lot of other litigation issues, this is not the only one they are facing. they would not like to use th

i'm mark barton. u.s.cutors are considering a criminal charge against hsbc's foreign exchange deaths -- desk. they could upend an earlier deal that let them avoid prosecution. already been charged with improper trading. in the financial crimes reporter. why the sudden turnaround? it looks like there was immunity for a -- hsbc. of interesting. what a just with the department 2012stice dates back to and it's due to control failures around money laundering and sanctions violations. it's liket period you're on probation. if you commit a crime you could he charged with a crime and have that probationary agreement torn up. it would mean you would have a double charge. what happened with hsbc was a trade done in 2011 which that thethe agreement department of justice arrested two individuals on. now toey are looking at see how the bank handled that and if they handled it correctly. it could pullback that agreement. it is completely unrelated but it will impact their standing with the justice department. vonnie: di

i am mark barton. i'm vonnie quinn. the european close on bloomberg markets. ♪ mark: we are going to take you from washington to seoul. we will cover stories out of denmark and the u.k. here is what we are watching. u.s. stocks are rebounding right now. we will get investors perspectives on when the markets will return to their summer calm. vonnie: in an exclusive interview with bloomberg, the vw cfo says they are using the reason to emissions scandal as a spark for change. -- catalyst for change. shares fell

i am mark barton. julie: i am julie hyman in for a vonnie quinn. tching the european close on bloomberg markets. ♪ mark: we will take you from new york to london to moscow in the next hour and covering stories out of frankfurt and tokyo. here is what we are watching today. deutsche bank shares fell off, the u.s. just apartment is going after the german lender, seeking at least $14 billion to settle a probe of open mortgages. julie: after the boe left changes, the fed and the bank of japan will make their decisions, will either one-shot the markets. apple's new iphones gone on sale today, high demand, they are turning away customers who did not preorder online. mark: have a look at my european

i am mark barton.ome breaking news from the iea, the surplus in global oil markets will last for longer than deviously thought. supplygrowth slumps and proves resilience so says the international energy agency. world oil stockpiles will continue to accumulate next year. consumption growth slumped to a two-year low as demand faltered in china and india while record members is opec gulf compounding the glut which last month the agency saw the market returning to equilibrium this year. that is the price of brent crude. that is the one week price. we're expecting key data tomorrow which could show supplies continue to increase. the iea changing its view on the oversupply persisting into 2017. i want to tell you what is happening in the markets, a rebound in stocks from a three-day losing streak. by .25%. 600 is up we are awaiting the u.k. inflation data in 28 minutes time. it should show inflation continuing to rise because of a weak pound, oil factors. the 10 year yields down by three basis points today.

mark: from london, i am mark barton.edmall ca[s have $113 billion and are leading the post brexit rally. here is the senior etf analyst at bloomberg intelligence. this is surprising. that we are seeing small cap etfs do the best. >> i am surprised. after the brexit, small-cap etf went up. they are beating large-cap. now that their lowball, their leading the charge with the post-brexit bounce. it is julie: a shocker. which small cap etf's are we talking about? >> this is the one everyone reaches for. let's go over the trading volume . it is unbelievable. it trades $2.5 billion a day. looking at the holdings of this etf, tracking the russell 2000, it tracks the top 25 small caps combined. the reason this is so popular is because the spread is one basis point. it is almost free to trade. if you were to buy or sell the basket of 2000 stocks it would cost 25 basis points. a lot of people will use this for the trading pop. it is pricey at 20 basis points at expense ratio with a lot of mid-caps. it is 40% mid-caps. a lot of peo

i'm mark barton. vonnie: i'm vonnie quinn. loomberg school. as. regulators hoping to send message to volkswagen after its massive cheating emissions scandal. how serious is the justice department? it is assessing how big a criminal fine it can extract without actually putting the german carmaker out of business. this almost seems unbelievable. they are working backwards to see what volkswagen can actually handle in terms of a fine? >> it's not quite as bad as that. in the u.s. when the justice department has to come up with a criminal fine when they are dealing with the business one of the things they have to look at is how is this going to affect the company, employees, shareholders, pensioners who might have a retirement fund invested in the company. it's part of determining the fine. if they come up with a number that the company believes is too high and could put the company at risk then doj will often come down on that figure in order to not hurt the company or its employees. they don't always reduce the number. in the cas

mark: i am mark barton. this is your "global business report." we will hear from the bank governor. : a lifeline for a troubled company getting millions to help unload stranded cargo. mark: and a look at the consequences of deforestation in .ndonesia vonnie: the central bank of norway's is a key interest rate is be tuesday .5% -- to state .5% the next two years. >> there is always uncertainties around any forecast for interest rates. you preferward, if to the present path, it is relatively flat. .5% with aent level, long time. maersk will split into separate transportation and energy companies after a three-month tj constructional review. fired its chief executive in june and said it was considering a split. hanjin shipping is getting as much as 100 le dollars of additional funds -- $100 million of additional funds to resolve a crippling cargo crisis. a credit line of $45 million will help the shipper unload cargo stranded offshore. the announcement comes a after the korean airline approved a $54 million loan to the troubled ocean shipping line. chinese company is close to an agreeme

mark: i am mark barton. this is the european close on "bloomberg markets."e minutes left of the european equity session. luxury goods taking a big hit. you can see the shares falling today. our mess biggest fall -- hermes biggest fall since 2010. andrea felsted is joining us. signal the end of the end. andrea: it has been a good performer and if they are suffering that is not a good sign. mark: maybe these comments from the likes of ridgemont and the other company hermes come at a time when there are positive signs in the luxury industry. andrea: product couple of weeks ago said they thought things were improving in china, japan, and macau. there is even an increasing macau gaming revenue which some of the analysts think correlates . we have not seen any stronger swiss watch sales coming through yet. there are the sort of glimmers , a very difficult second half and and of the year for the luxury group. it has only gotten a little better and they will get a bit of a gain. vonnie: is this a secular shift in how people are spending money or has this to do with

mark: i am mark barton and here is a global business report. : the warning for investors in europe. companies in the euro area are ticking time bomb he says. mark: samsung and lg accused of engaging in an antipoaching deal. the lawsuit says they conspired to keep wages down. what are the implications for the south korean electronics giant? vonnie: iran ones foreign oil companies back. the government is now offering international companies the biggest role since 1979. carson block says investors in europe need to do their homework about companies piling on debt. he spoke to bloomberg tv at that ubs summit. carson: i think one of the major issues in europe is it made it interesting to us and still investors inat europe are not doing the hard work of really trying to dig into those financial statements in understanding the economic realities that lie beneath, so meanwhile, companies borrow at extremely cheap braves -- cheap rates and the pressures build up until one day they become a problem. vonnie: he describes some european countries -- companie

it looks like -- i am mark barton.oks like -- since generally six, the oil and gas companies lead in the events come up by 1.2%. theya, saudi arabia say will work together to stabilize the global oil market. that means actual measures -- we do not know. but it takes us nicely to the algiers meeting later this month. it looks like the index is going to finish at a high since .enerous exper it is plotting to cut about 525 jobs at the london headquarters. 30 million pounds per year. the plan cost cuts come in the steve rowe is planning to -- and his court portfolio here in the u.k., whenever it announces the interim results on november 9. the company reported almost 9% drop on closing sales in its most recent quarter. this is the most recent job cut in seven years. -- this is the most significant job cut in seven years. this gauge of services activity jumping the most on record in august, share saying the pmi jumped to 52.9 from a seven-your love of 47.4 in july, the biggest gain since the survey began two decades ago. ec

mark: from london, i am mark barton.to take you from san francisco to moscow in cover stories out of washington and london, and here's what we're watching today. an exclusiveging interview, bloomberg sits down with russian president vladimir putin. we asked him if russia central banks move to boost the country's currency reserve. president putin's answer just a moment. vonnie: the u.s. added 151,000 jobs. stocks climbed after the dollar fell. there's a chance the federal reserve will boost interest rate this month. its galaxyrecalling note 7

i mark barton. this is the european close on "bloomberg markets." 'm mark barton.opean close on "bloomberg markets." u.s. exchanges closed for the holiday. from london to frankfurt. here's what we are watching today. with euro area inflation stuck at zero for two years, what if lengthen -- mario draghi lengthened qe? barclays finally filled its top former, naming tim, a jpmorgan executive. in an exclusive interview with bloomberg, russian president vladimir putin reaffirms his exports.the state run

let's head to the bloomberg with mark barton. mark: down for the fourth day in five.s is the worst week since june. i made this chart showing you how asset markets have fared in/thursdays ecb decision. look at the jpmorgan volatility index. up 4.8%. that is the bloomberg developed sovereign bond index. in return, it is down by 1.5%. bottom of the table is the msci world index. look at that performance, down 2.6%. look at deutsche bank shares. were as low as 8.2%. no only 6% lower. $14 billion claim from the u.s. doj to settle this investigation into mortgage backed securities. the market cap of the company is 16.85 billion euros. this is going to be the story of next week. the dollar spot index, the gauge of the dollar against 10 major peers, it is creeping down. why is it creeping lower? very clearly, the white line. this is the odds of a fed rate hike in 2016. we have fallen below 50%. we are below 50% probability of a rate hike this year. well below 20% now in september. the fed, the boj, what a big week. francine: we have certainly a big week for central banks wit

mark: i am mark barton. this is the european close on "bloomberg markets." russian president is taking a big gamble, aiming to take russia's most -- easternmost area into a freewheeling area of casinos with nearly 100 million people. in china, could this spell trouble? we are joined by jake rudnitsky. he joins us for moscow. is this the next vegas? jake: it certainly hope it is. hugh, the lawrence son of stanley hugh, the macau up themagnet, has opened first casino in vladivostok. he has already poured almost $200 million into it and they are looking to expand and spend another half $1 billion on the next casino. there are three other groups building casinos right now. mark: is russia risking overdependence on power-hungry foreign trying to lure investors? is going ink putin this with his eyes wide open. it is one of the furthest east areas in russia and he said it is his national priority to develop that. you have may 6 million people on the russian side and 100 million chinese south of the border. they are going to have to find a way to bring in chinese mo

mark: i am mark barton. close.""an julie: the upcoming meeting with the boston fed president. waiting too long to raise rates could threaten the u.s. economy. stephen major, the hsbc head of global income research gave us his take. >> they need to get to more balance around the meeting. they should not have a meeting if everyone is sure they will not do anything. if they wanted to hike they want it to not be a huge market shock. the speeches are being used to manipulate it higher, but i reckon nothing will happen. >> i was a jackson hole, and a lot of them said they are focusing on the wrong thing, they should be looking at the path which is shallow and gradual. if we get a trade, does the market overreact. >> if they hike once a year for eight years they will get to 2%. there you go. the path is what everyone should be looking at. there was plenty of talk. are aroundng papers whatcall a real natural rate of interest. it is to me the points of hiking is to have something to cut later, but that does not seem to get go

mark: from london, i am mark barton.he friday jobs report could provide a window into whether the fed rate is raised this month. bill gross is recommending the federal reserve raise rates twice by as early as march. the market does not expect that degree of monetary tightening even by the end of next year. he made his comments yesterday on bloomberg. rates byraise interest 25 basis points in december and 6-9 months ago, let's do it again. let's realize that capitalism can survive but it can do well -- it can't do well with negative or zero interest rates. economists estimate 180,000 jobs were added in august and check out the survey. there are informal whisper numbers. you can put your own forecast into a bloomberg league of champions. is desk to the market and abigail doolittle. >> the broad markets may be down slightly but we have lots of big losers. looking at the shares of salesforce.com down sharply. we talked to the customer relationship manager. takened earnings were below by as much as 17% and revenues by 9%. the

this is bloomberg -- a rate hike. ♪ mark: i am mark barton in london.o the bloomberg business flash. nejra: glaxosmithkline has presented -- walmsley will succeed at the head of the largest u.k. drugmaker and join the board on january 1. the move means gs k will be the only major company with a female head. bayer is considering dropping the monsanto name once the takeover is complete. they say the german company is considering the move to avoid selling its reputation. its reputation. bayer has increased the sales forecast by around one third two over 10 billion euros. largest hedgerld funds are expanding in asia as they seek new areas of growth. -- have howard incorporated units in singapore this year. while asian hedge one's this hedge funds -- some investors may increase holdings in the region betting they can beat rivals. that is the bloomberg business flash. mark: most economists expect the and let's goates to new york. our economics editor michael mckee. what is donald trump's main gripe with the fed? michael: it is hard to know exactly why he is s

i am mark barton. check out what is happening with european stocks.he stoxx 600 is rising for the first time in five days. when it comes to percentage terms, there is the stocks to europe 600. the u.k. 10 year yield is rising .or its six consecutive day that is the longest stretch since november 2015 since the u.k. referendum, u.k. bonds have been the best performing sovereign indices according to bloomberg sovereign bond indices did the dollar pound pounded a little bit lower. a big employment data -- big implement data will cross the test will cross the bloomberg. that is big for the bank of england. brent crude is up today. we have had an interesting day. the iea saying yesterday the glut will stretch into next year. stockpiles increasing by 1.4 million barrels according to the ati. today we will hear from the eia data. it is forecast to show that supplies rose by 4 million barrels. let's get to bloomberg first word news with nejra cehic. nejra: monsanto's management board is set to support an improved offer from bayer. according to people familiar

i am mark barton with vonnie quinn.ustry group is low and we were down this morning as much as 2%, the most since june 27. it is the most since july the sixth. today we close at the lowest level since the 22nd of august. the intraday basis to the highest since january. what a difference a week makes from an action from the ecb and various comments from the fed officials and boj. that is the stoxx 600. this is volatility and the gauge of eurozone volatility. look at that. , today it rose by 20%, the biggest jump since january 4. it is the most since before brexit. on june 16, volatility rose to the highest since last august when china depreciated its currency. in june.o roughly 40 that is february below 40 and, of course, the highs last year were in august. haveis volatility and we moved a lot in recent days, but we are nowhere near the highs of the last year. in adjusting story, it has become the biggest gainer in europe today. it is considering a sale of its remaining stake in the german lighting company. it is valued

let's get to mark barton for a check on the markets. not even 30 minutes from the european close. mark: literally 29.5 minutes. for risk has returned across markets today. there is were equity board after last week's biggest weekly loss for the stoxx 600 in three months. minerse is up driven by and oil, news. portugal is up. these are all of the currencies rising against the dollar ahead of the fed meeting. we're seeing bond yields rising, periphery bond yields declining. to talk about today. look at the decline and shares of mighty today. 28% lower. this is the biggest fall on record for the u.k. facilities services. it said first-half revenue and operating profit will be materially below prior views. it is experiencing significant economic pressures including lower u.k. growth, changes to labor legislation, and further public sector budget restraint. cut its earnings estimate and to 270 fromrgets three pounds. it said the statement showed significant uncertainty in the period around brexit phot. let's talk glencore. credit suisse raising the rating to outperform from neutral. the

let's it to mark barton. e -- mark: we're rebounding from the -- the gauge fell for a second week last week . that is the longest losing stress since july. friday's close was the lowest since august 3. every single industry group is rising today ahead of this big week which includes meetings from the auto reserve and the bank of japan -- from the federal reserve and the bank of japan. interesting call today in the last they are so from goldman sachs asset management. it is betting there is a rally in the dollar that propelled it to a seven-week high on friday. this is the bloomberg dollars spot index which gauges the dollar against 10 of its leading peers. goldman sachs cutting its forecast and gains from the dollar into the yen. it is not optimistic about the boj policy meeting this week. goldman sachs asset management says we expect to see dollar weakness versus g 10 and emerging-market currency. this is gold and this shows how investors are cutting their bets , hedge funds exiting from gold speculators cutt

. ♪ mark: live from london, i'mmark: mark barton. vonnie: and i'm vonnie quinn.ou are watching "bloomberg markets." chemicals with a $12 billion loan for its purchase of syngenta ag. to bison gentle earlier this year in a deal that would transfer warm -- transform it into the world's largest theucer of pesticides -- company's first purchase since spinning off its industrial businesses to focus on clients and technology. he offer, $53 a share in cash. ge buying to european companies -- two european companies to use 3-d printing technology to build parts for jets. that is your bloomberg business flash. mark: let's get to one of the best-performing stocks in europe today, the best-performing stock, fresenius buying a spanish hospital group for $6.4 billion. highlightingion the acquisitions under stephan sturm. he joins us now for exclusive interview. good afternoon, sir. thank you for joining us. stephan: good afternoon. you're not hanging around, are you? you've been on the job for two months, you're making a multibillion euro deal. this highlights your internation

. ♪ mark: welcome to the pulse from london. -- markk barton paired barton carried >> -- mark barton.llary clinton is suffering from pneumonia. she left a commemoration yesterday and appeared to stumble and need help and she moved to her vehicle. her team is evaluating her schedule. talks toe lower after create the world's largest supplier of industrial gases was terminated. merger hastrategic been principally confirmed, they did not come to a agreement -- an agreement on governance issues. to come to an agreement on responsibilities. samsung is falling the most in four years, $20 billion in market cap is gone as users were asked to turn up their note 7 smartphones immediately. there is a recall of all 2.5 million phones at been shipped so far at a cost of $1 billion. work permits are under consideration as a way to can -- control migration after brexit. indication ofr changes within the government. the cabinet is working reunited. boris is not the driver. the rest of us are in the car. actually, she is very clear. we are all focused in the same direction and we will deliver what she

mark: i am mark barton. this is the european close.a look at the biggest business stories in the news right now. the largest stock exchange in , buying back global markets. this is the first attempt to go whenc in 2012 was spoiled the firm software had problems. asking the eu to approve the 40 $3 billion takeover. this would turn it into the largest supplier of pesticides and chemicals. to big takeovers pending, dupont and dow chemicals. calls theitrust chief industry quite concentrated. the chief vote has executive thinking about moving to headquarters outside the uk. said 76% areg firm considering some form of relocation. the ability to do business will be disrupted once the country leaves the eu. that is the latest bloomberg business flash. vonnie: the bank governor has been speaking. we know the federal reserve has been planning to ramp up stress tests. we have been awaiting the results of this. now saying the central bank will capital the old conservation buffer for a new capital buffer. derived from their own results. the lowest

let's head to the bloomberg with mark barton for your asset check. : after the biggest weekly gain since mid-july, this selloff we are seeing today. every single industry group on the stoxx 600 is falling. led by deutsche bank. these are the shares since 2007, since the highs of 2007 shares today reaching a new record low, down by 90%. once upon a time, back in may 2007, shares were at to look -- at $102 and lenders capital buffers will be undermined by -- that is according to focused magazine -- focus magazine. today gooding biggest gainer on the stoxx 600, shares up by 8%. the big strides since 2012. adds to a record $193 billion in global chemical deals by buyers proposed -- led byf monsanto beyers proposed purchase of monsanto. all of these currencies are rising against solyndra after moody's cut its desperate against the lira after moody cut its credit rating. -- turkishowth assets are falling the most since the attended coup in july. we got stocks falling, bonds falling. with the rating cut, the difficulties turkey faces is in attracting the for

. ♪ i am mark barton, counting you down to the european close. 14 minutes away. nnie: i am vonnie quinn from new york. mark: let's get to our big interview, exclusive with the russian president vladimir putin. i want to turn to the conversation on russia's currency and gold reserve cash pile, which has fallen by about $100 billion since 2014. if they could lose the currency reserve more quickly -- boost the currency reserve more quickly. >> you and i know about the central bank's reserve and the goal is well known. for the general public, gold and foreign currency reserves, not to finance the economy but to guarantee foreign trade. for that, we need a level capable of supporting the foreign trade for at least three months. but we are at a level that can support our tradesmen for a minimum of half a year or more. if everything stops working and we can only use our gold and currency reserves. that is more than enough. from the point of view of stability in foreign trade, we haven't absolutely sufficient level of gold and foreign anrency reserves -- we have absolutel

this is bloomberg. ♪ mark: live from london and new york, i'm mark barton. you are watching bloomberg markets. we are back with the asset management. we're going to look at central banks. we talked a little bit about the bank of england. i want to talk about the federal's are. will they run into a scarcity issue? when might that be? >> i don't see this as an issue for the fed. we are comfortable the fed will raise interest rates very slowly. the level of peak rates in the cycle will be much lower than the previous cycle. i think that's the message for the fed. december,e expect in one move possibly or two in 2017. it's a very different type of cycle. i think other central banks where they have active buying programs, that scarcity issue will become a significant factor at some point in 2017. vonnie: at some point in 2007 in, what your clients saying? and they still happy to be an u.s. assets? are they looking for alternatives? emerging markets had a great year last year. >> we think u.s. valuations in the equity market are choppy. more value in europe and ja

. ♪ mark: live from london, i am mark barton.our candidate down to the european close, just 15 minutes away. vonnie: i am vonnie quinn. let's turn to the debt market. are we rates are raising to the point where some companies can no longer ignore them. sally has been covering the story. she joins us now. to do withn a rise regulations coming in money market wise. when they do finally come in, should the rate klein again? >> the consensus is that while it might track down it, it's going to remain elevated for the same amount of time, maybe a couple of quarters. companies are going to have to start thinking about how they handle securities. viewerswe want to show my bloomberg. you can see this. and 2013.through 2012 there is a phenomenal rise that picked up just in the last month or so. that is a chart library. why is this a significant? >> it matters in this corner of the loan market. this market is governed by flaws. they grew popular after the financial crisis. fell,ter how low rates they always got a yield cushion. most leverag

i am mark barton.etting some raking manufacturing pmi data out of -- getting some breaking manufacturing pmi data. this is the final figure for markets pmi. the earliest estimate was 51.8 still above 50. still above the line that separates acceleration from contraction. let's have a look at what is happening to european equity markets. we are at the start of a new month. the august month ended on a high, on a monthly basis. we rose on the second consecutive month, best monthly run since may of this year. best performers yesterday and for the month were banks. banks in the month of august rose by 8.5%, the best month since february 2015. minors are rallying on the back of that china manufacturing data which show an increase. the bloomberg dollar spot index, a gauge of the dollar against 10 of its peers is rising. we approach the biggie on friday, the u.s. jobs report which could tell us whether the fed is going to raise rates in the next couple of weeks p.m. we got a big show. -- couple of weeks. we've

this is bloomberg. ♪ mark: i am mark barton.'s get to bloomberg business flash with nejra cehic pete nejra: and detects has reported first-half earnings that beat analyst estimates. the owner said operating profits increased 8% to 1.6 one billion euros in the six months to -- six months through july. it prioritized online expansion. is entertaining boss --of -- and fronts air france boss said the company can a longer ignore the threat from a range of contenders. costshave protected our on price for next year. increasing,rice is it means that the world economy is getting better so it means we can get more business. it means there is not only the drawback but we can also have tailwind because of the increase of the oil. it hasmicrosoft says authorized the buyback of $40 billion of stock. that is on top of an existing $40 billion repurchase program would -- which it plans on finishing by the end of the year. it raised its dividend to $.39 a share. stocks have jumped 30% in the past year. that is the bloomberg business flash. mark:

i mark barton. vonnie: i am vonnie quinn. watching the european close on "bloomberg markets." mark: we will take you from san francisco to london, covering stories out of new york and germany in the next hour. here's is what we're watching today. vonnie: moments away from interviews with two to the executives. cory johnson will be live with mark hurd and then an interview with ceo jean-sebastian jacques on commodity prices. let's get to mark barton for a check on the markets. not even 30 minutes from the european close. mark: literally 29.5 minutes. for risk has returned across markets today. there is were equity board after last week's biggest weekly loss for the stoxx 600 in three months. the ftse is up driven by

this is bloomberg. ♪ live from london and new york, i am mark barton.am julie hyman anyone wanting "bloomberg markets." eight years ago today, lehman brothers collapsed, sparking a global financial crisis that took years from which to recover come of it now, investors are turning to riskier products. at the same time, one senator is leading the charge for serious financial reforms. josh prenot is our national correspondent business week. march joins us. it is no surprise with senator is leading the crusade. it has been a prequel one for her and for folks like bernie sanders -- frequent one for her and for folks like bernie sanders. is there still is urgency to people behind bars? >> there is a lot going on with warren's timing. when she is doing is going to the justice department and the justice department and is general ncv government investigated the root of the financial crisis. they recommended 24 individual corporations be prosecuted. it never happened. those names became public in march. more and has written a letter to the ig saying i wanted to i

let's start in london with mark barton. strong pmi data, the pound is surging. >> sometime the chart is better than my golf or 1000 words from mark barton, u.k. pmi manufacturing, 2014 to 2016, look at this rise, from 48.3 253.3, a record rise for manufacturing in the u.k.. to 49 fromn increase 48.2, revised up to 48.3, what a turnaround in the u.k. manufacturing sector from those lows in july. now at the highest level since december. all of the gains in the last month have completely out shot the movements we have seen in the last nine months, 10 months, the big reason, you know, the decline in sterling, new orders arising and rising that sterling has dropped -- what we saw after the brexit referendum was a plunge in activity, a plunge in confidence, look at recently, a rebound in manufacturing in the u.k., the big one is bloomberg intelligence, says monday, manufacturing is important but a big part of the economy is services, two thirds of the tonomy, in july we plunged 47.4, if we get a rebound in services on monday, he

in new i'm mark barton. vonnie: you are watching the european close on "bloomberg markets." vonnie quinn. mark: we are going to take you from new york to munich. algeria and brussels in the next hour. here is what we are watching. we are going to talk about karen sees -- currencies. how it could hinder growth in countries like japan and the uk. vonnie: the latest on the oil market. no agreement is expected to be reached. saudi arabia could cut production. poll,bloomberg politics donald trump and hillary clinton are locked in a tight two-way

joining us is mark barton in london. a different story in asia.ay, that is something, after the longest drooping stretch for almost a month here in europe in basic resources, health care -- the best-performing industry group. everyone has their eye on the luxury sector. political, monetary issues happening. hermes.t the biggest drop since december 2010. chemont operating profit will probably drop. adding to the luxury goods industry with shares down by 3.3%. i want to talk about unemployment in the u.k., proving the resiliency of the u.k. economy. ,taying at the 11 year low 4.9%. this chart goes back to 2007. the number of people in work to 31.8 million, the highest on record. are concerned that the number of people claiming jobless benefits is rising by 2000, the number of vacancies in the economy climbed as well. that is the to say, take away two people having doubts about the economy. and it want to show you the 10 year yield. earlier it was rising for the , the consecutive day longest stretch since november 2015. that losing run has come to an

thank you, mark barton.to erik schatzker at the labor department among the jobs report. bachus to the headlines. erik: -- walk us to the headlines. erik: at the risk of sounding repetitive, but for those tuning in, here are the highlights -- increase of 151,000 in non-foreign payrolls, versus expectation of 180,000. unemployment rate of 4.9 percent, and will create growth of 2.4% and there were revisions of the jobs numbers for july and june, but if you add them together, they are negligible. bottom line, a disappointment and economists anticipated that it would slow a june or july but not quite this much. alix: thank you. erik schatzker from the labor department to set the stage for jobsgging deeper into numbers. alan krueger, princeton professor of economics, also joining us and mohamed el-erian and bloomberg view columnist. joe: what is your first reaction? mohamed: date is a mixed report, joe. clearly, job creation, more importantly in my eyes, is the way growth of -- the way to growth, but i would cauti

also joining us from london is mark barton. to stock futures in the u.s., but not the case in europe. mark: we were down 2% and still we have had a three-day drop. the 2% drop was the most and's june 27. -- since june 27 two only 20 une 27.ar 20 stocks are rising today. last week, the gauge fell to the lowest level in the year. we have risen today for the second day. since januarygest 4. we are nowhere near the highs we saw pre-brexit. those highs were not near the highs that we saw in august last year when the pboc weakened the yuan. we are nowhere near the levels of fear we saw in june and in august last year. yields are fascinating as john keeps telling us. this is the core that we are seeing in the selloff of asset classes today. just last month, we saw risk low .ields in italy and spain and france and germany, we saw a record low yields in july. we cross zero on friday. we are up to .02 basis points. it is all because of draghi. he did not give markets what they expected. we expected at least some sort of discussion or ext

let's head to the bloomberg with mark barton. mark: stoxx 600 up for a fourth day in five.23% below average before the ecb's last 10 rate decisions. volatility hasn't been this low in the days preceding a decision since the start of qe. ahead of carney's testimony later to the treasury select committee, u.k. assets since the referendum in local currency, the pound, u.k. goats up by 10%, ftse 100 up by 7%. the bloomberg pound index is 10% lower. the economic surprise index data continuing to beat today's manufacturing survey. the trend is very much a positive one. economic data is on balance, beating estimates. as you can see from this, the most since 2013. a building equipment rental company, shares today at a record. adjusted operating profit rising by 4%. francine: thank you so much. stay with bloomberg. "surveillance" is next. tom keene will be joining me. we have a great show lined up with you. we have the pearson ceo. we will be talking about negative rates and the swedish riksbank. that is all coming up. this is bloomberg. ♪ dd francine: staling low. september fed, an

let's head to the bloomberg with mark barton. r we were down for the six consecutive day. .1%.e up now, just by love this chart. the extra yield, investors demand to on 30 year rather than five-year u.s. security which is a measure of the yield curve increased for an 11th straight day, the longest streak since 2012. fed is maturities as the seen as potentially stoking inflation which will afflict -- which will affect a longer end of the. the spread between five and 30 year yields is rebounding after contracting since the first quarter of 2015. today it is at 125 basis points. the last time the yield curve is steep and this quickly was back in august 2012. primary dealers were uploading billions in bonds to the fed, a part of its bond buying program good in the wake of today's summer than expected u.k. sales will look atht we this city economic surprise index for the u.k. which measures the extent to which a data is beating economists forecast above zero tells you it is beating forecasts. we were roughly at zero when the referendum

let's head to mark barton. two thirds of her percent early and we are up 1/5 of a percent now. commerzbank is in focus today, shares down 1%. they are said to announce 9000 job cuts and a halt to it dividend payments. be operations will implemented by 2020 with cost cuts up to a billion euros after bloomberg reported friday that commerzbank is preparing to cut thousands of jobs. as martin soaker tries to boost profitability, that is according to a person familiar with the matter. the corporate bond buying program is on highly rated nonfinancial companies and the average yield on investment grade sterling debt is hovering near a record low of 2.2%, according to bloomberg barkley interest data. that is ahead of anticipated central-bank demand. in the wake of the first debate between trump and clinton, mexican peso jumping as much as 2%. that is deemed a proxy of donald trump's election prospects. of the cnn orcw poll which says 62% says clinton won the exchange. two to go. gilbert, ceo of aberdeen asset managemen

mark barton, to our. [indiscernible] on a share to host buying program. tank, check this out. when markets have trust in central bank's ability to deliver price stability, the central bank needs to do less to deliver it and not more. our investors questioning bank credibility? joining us now is global strategic advisor. i think it captures the debate perfectly. if they go out doing more and marcus to not buy it, why not? by this clever parody gets the the essence of expectations. people believe central banks create inflation, they need to do less. you can interpret the fact that they do a lot and they are fighting against the lack of faith in central banking right now. jonathan: how will they change essential banking and balance change the markets after that matter? richard: we had a couple of things in the last years, the big decline in oil prices, the surge in the dollar, and that lowered inflation in the u.s. i think now that they have written much fun to out, underlying had impatient pick up that think central banks are inflation expectations that wil

mark barton joins us from london.s of apple are trading higher in the market after john leger tweeted that preorders for the iphone seven are the biggest in history. could come as a relief to investors after apple last week said they would not give color on the preorders. investors might've thought that was a smokescreen but it is consistent with the comments of gene munster from piper jaffray saying the iphone seven preorders are on track. trading lower is netflix. analyst cites key challenges including increasing content clauses anything subscriber numbers could be under pressure. peace is more than 10% downside potential. thank you so much. mark barton is joining us from london. around the lows of the session and oil is hammering the overall equity indexes. iea report, oil is the worst performer on the stoxx 600 and we are lower for fourth consecutive day, the rest run in almost one month with uncertainty on the path of the leading central banks continuing to weigh on investors minds. check out partners group's sha

i am mark barton. rom new york, i am vonnie quinn and you are watching the european close on bloomberg markets. mark: we are going to take you from washington to paris and cover stories out of switzerland, new york, and japan in the next hour. here is what we are watching. monsanto clenched with a fourth bid to create the world's biggest supplier of seeds and pesticides. the ceos of both companies are speaking to bloomberg. isnie: jean claude juncker his state of the union speech, warning about the dangers of antiestablishment forces saying it is as strong as it was in the 1950's. we hear from the formula i.e. profile, pluswing what he makes of liberty's

up, bloomberg markets with mark barton and vonnie quinn. what are we looking for? former president of occidental petroleum -- cannot wait to hear his view on what is going to happen in algeria tomorrow. we talk to a ceo about the debate that took place last night, u.s. politics, global politics, europe, and more. and a call from deutsche asset management. they released their quarterly outlook. fascinating to hear what his assessment is asset classes going ahead, looking at the next 12 months. david: thanks very much, mark barton. ♪ city, i: from new york want to check in on a stock that has got a lot of attention, deutsche bank. record low in today's session as well, but we bounce back on the day. coincidentally, when we did bounceback, this headline dropped. the justice department number three commenting in chicago, talking about bank fines. deutsche bank one of the open cases at the justice department. there is a $14 billion opening offer from the justice department to deutsche bank. but the bidding continues. this guy is saying banks can get credit for helping r

mark: i'm mark barton. 30 minutes left in the trading day.ou are watching the european close on bloomberg markets. ♪ we will take you from san francisco to new york and cover stories out of the u.k. and wrestles. here's what we are watching today. appearingark carney before the u.k. parliamentary treasury committee things confidence has improved because of the central bank's stimulus. we will examine his comments on policy post-brexit. vonnie: the final countdown is on for apple's full product launch. we are expecting a new iphone watches. consideringtors are a criminal charge related to hsbc's foreign-exchanget.

i'm mark barton. we have got a great show aligned up today. later, we will talk brexit with the chief executive of the mobile provider 3 u.k. a festival of central decisions today. we are hearing from the norwegian central bank. it will keep rates at its current level. it see the underlying cpi 3.3% this year. it previously said there is still a prospect for cuts this year. it is the underlying cpi 2.7% next year. and mainland gdp this year 0.9%. the rate will remain in the current level in norway. many, many more central-bank decisions awaiting today. let's get to the first word news. ersk says it will split into separate companies. the announcement comes as denmark's come biggest -- biggest conglomerate concludes a review. the chairman first revealed he was considering splitting up the group on june 3, the same day he since missed -- he dismissed the ceo. the governor of north carolina has to clear to state an emergency and called in the national guard as a second night of protests over a fatal police shooting. according to reports, the marc

francine: mark barton with your asset check.t is the cofounder of the 6 billion pound ftse 100 financial services company hargreaves lansdown. and a majority shareholder of bristol rugby. he's with me on "the pulse" today. it is a great chat we had on brexit. great to have your perspective and how you try to deal with everything. your biggest read is still attracting talent from europe to fulfill some of the positions you advertise for. >> attracting talent from anywhere, really. the majority of our people live within two miles of the place. some of the people have moved into the area. every business needs to be able to find good employees. and whether they come from europe are from the uk's does not really matter as long as they are good. francine: away from brexit, we have headwinds in terms of currencies. ise populism.r we talk about trade. malaise orut something symptomatic in our society that people may be worse off than 20, 30 years ago. what worries you? >> nothing worries me. i think people need to focus on what today is