matt and nique.re she allegedly flashed him. >> she tore off her top and says, come on, let's go, let's act like a family. >> were you expecting any sort of comment like that? >> never. i -- never. >> once nique disappeared, clegg says, matt leili inquired about having his wife involuntarily committed and even hired a divorce attorney. a man who knows his wife is already dead, he says, wouldn't have done either of those things. >> he did not really want to divorce her. he wanted to let her know, look, here are your options. you can go get help for yourself, or i'm going to go forward with a divorce. >> the defense wrapped up its case by calling matt and nique's two daughters, rebecca, now 14, and amanda, 17. >> did you ever see your dad hit your mom? >> no. >> did you ever see any obvious injuries or bruises to your mom? >> no, sir. >> according to the girls, their mother was the one with the violent temper, not their dad. >> she took a heel and threw it. i myself had to duck from it. >> was it being

matt and nejra. matt: juliette saly in singapore.er raising its adjusted eps forecast between 57.5 pence and 63 pence, so we have got more positive earnings news coming out of europe ahead morning.en this it has been a busy earnings week. an avalanche of earnings out of europe with numbers coming from all sectors including banks. on the other side of the pond, tech giants. automakers have been reducing their forecast. reporter joins us now to break down the numbers for us. how is the reporting season going so far? very has been a interesting season because the expectations going into the second quarter earnings went very low. we had the trade wars, political tensions, commodities falling, oil price declining, so there were plenty of concerns out there. analysts were very much prepared for weaker results. companies in europe, about one third have reported, so we do not have a full picture just yet. companies have been surprising on a positive side. the strategists i talked to are glad they caught their forecast ahead of time. nejra: a

matt? matt: thanks very much. your first word news.is preparing to add hundreds of jobs in its slumping jobs in itsds of slumping trading division. that includes 100 positions in the equities unit, which would amount to 10% of the division. joining us from rome is our european finance editor. has citigroup been having a rough time getting profit out of its trading operations? ross: yes, they have. they have had about a 17% decline in revenue just in the first half this year. it has not been very successful for them. this is worrisome because it is an area where they have really tried to build up in recent years. are the main issues? great to have you with us, by the way. what are the main problems affecting earnings in fixed income trading? that thel, i think really interesting read through for this is that the narrative had been that investors have been scared to the guidelines -- sidelines and there is a lot of money out there, but the trade war and the political problems have kept them out. with this implies for citigroup is that th

matt: thank you very much.me minister boris johnson's brings war cabinet holds its first meeting today. they say they will meet every day to ensure the company leaves the eu on july 31. michael gove will lead the session. joining us now to talk more about this, stephen gallo. tosee the pound dropping 1.23. how much lower you expect it could go? calling we've been sterling-dollar cable lower for a significant period of time. we've been worried about the risks of a no deal brexit or a messy scenario, like snap elections that would stink the pound. to six month call, given where we are now, doesn't sound exceedingly bold. what i would say for the time being is that there are downside risks to that call. impossible itually think for the withdrawal agreement to be renegotiated between the eu and the u.k. government. even if that were possible, to get it through and ratified into u.k. law. that means we either are going to have a no deal brexit, or there will be an extension. but if we have extensions, boris johnson

let's talk to matt miller in the individual stocks. matt: let's do that. take a look this morning. we have more winners than about, not huge, but it's 335 stocks gaining, 186 are down right now. and there are still 78 unchanged. more action you can see. total isnning side, the biggest gainer right now, coming out with some numbers this morning, average liquids barrel.4 a that's the second quarter number. $27.6. so, we see some numbers coming out. the topic boost total little bit. it's such a heavy company. you see total and some mining companies rising. rio tinto is up. glencore is up. bhp billiton helping to add to it forxx 600, holding tenths of a. point on the losing sight. after pulling asian ipo, down 2.5%. concerns in the investor community as to whether anheuser-busch can keep up with the craft beers of the asia consumers taste buds. see alstom following. that's why it's trading down. not because something horrible happened. but today is the first day you buy the stock without the rights to last year's dividend. nestle down 2/10 of -- 3/10 of a perc

matt: i'm matt miller in berlin. let's check on markets moving this morning.sian stocks we saw drop in the msci asia-pacific and see that continuing down .75%. not a great start to u.s.-chinese discussions with donald trump tweeting the chinese are ripping off the u.s. nasdaq futures are up. it helps when apple forecasts at the high end of what the street was looking for, $64 billion revenue and here you see the aussie dollar gaining about .3% in u.s. dollar terms. the 10 year yield in the u.s. has been drifting lower for four days. oil, extending its longest rally in three weeks. concerns around tensions in iran but the api data giving wti a lift. let's get the bloomberg business flash with debra mao in hong kong. debra: apple is projecting revenue in the current quarter that topped expectations, a sign the company is optimistic about potential sales of new iphone models launching in the next few months. this comes after apple's best ever second quarter driven by growth in services, wearables and the ipad. since 2012, less than half of the revenue comes from

a very mixed picture going on here, matt. matt: yeah, absolutely.ng at swedish -- boosting its full-year forecast. up 10.6%. we talked about asml as well. it is gain lake-effect less but it is a much bigger company. it is adding more points to the sox 600. you see a number of companies out with earnings today. swatch. louis vuitton. hennessy all on the gaining side of the ledger. total and shell. the three oil companies down on the privers oil. then you see eriksson falling. more than 2.5%. we just had an interview with the c.e.o. of eriksson. earnings helping and hurting today, depending on where you are. seemingly difficult to be in scandinavia putting out earnings as long as you're not wedish or finnish. u.s. futures pointing higher still as the american consumer proved its resilience or as the american consumer proved his or her resilience, fed chair jerome powell said the fed would continue to monitor downside risks to the economy. >> outlooks have increased, particularly regarding trade developments and global growth. issues such as the debt c

anna and matt? matt: thanks very much.nd touching a new record low of -43 basis points after pmi data that missed estimates. you can see a bit of a bounceback here but we had a dip. we have a new low for german bunds at -43 basis points from about. -- points, about. spain's prime minister has failed in his first attempt to form a new government. sanchez failed to find common ground with key political partners. a left-wing party of stained and left the leader short of the required majority. if sanchez cannot repair relations with that leader, the clock will start ticking towards a new election in november. that would be the fourth in four years. joining us is the chief economist at tresses and someone who participated in the last elections. what do you think about this failure and how damaging to spain's economy would it be if we had to see new elections yet again? >> this was predicted. the first round was expected to be a failure. it was very difficult that the extreme left party put them us demos would approve of the pre

matt: we see u.s.awmakers proposing a new round of price measures for the medicare, the prescription drug program that would make manufacturers liable for some share of the costs. how concerned are you? what would it do to your u.s. business? severin: there is no doubt reform is needed in the united states. the key focus and concern in the united states is the relatively high copayments, the burden for individual american citizens in the u.s. whilst medicines only are 50% of total health care spend, there's an over proportional spend of individual patient copayments. the measures discussed at the moment will be closer to fix this issue. we're veryoche, protected because of the innovative nature of our portfolio, our highly differentiated, lifesaving medicines. willch, we're confident we continue to be rewarded for such innovation. matt: what markets are most important to you right now in terms of growth? how do you see the chinese market panning out for growth? severin: certainly we see an inflection p

matt, good morning? matt: good morning.e are less than a half hour away from the start of european trading. look at the offshore yuan, this is a three-day chart, we had a jump three sessions ago but had started losing some ground. this basically means that the yuan was getting stronger as it comes down because the dollar is priced in yuan. after the trade talks ended, we have gone straight back up to 6.9. the concern is that the more pressure on china in terms of trade, the looser they will be in terms of the band around their currency, and they could let it slip up through seven. take a look at features this morning. we had some good news. that was hoping to drive the the u.s., helping to drive european futures as well, that is the apple news. with a better forecast than wall street had anticipated. though, in terms of european features, have disappeared. dax futures are down .2%. thanfutures down of a more 1%. anna: we have seen a fairly abrupt end to the trade talks. they restarted in china, between the u.s. and china de

matt: thanks for that.p next, after a brutal start to the year, sergio ermotti's fortunes may be changing. we hear from the ubs ceo next. this is bloomberg. ♪ matt: welcome back. this is the european open. we are just about 15 minutes away from the start of cash trading across europe and in the u.k. you see green arrows across the board, futures gaining .4 of 1%. we will find out who the new prime minister is this afternoon. dax futures up .6 of 1%. the third day in a row of gains if they hold throughout the program. one of the things that is helping markets, ubs saw a revival in its fortunes in the second quarter after what sergio ermotti called one of the worst starts to the year in recent history. record profit at its wealth management business and stronger investment bank performance have helped the swiss lender posted highest net income in almost a decade. the ceo spoke with manus cranny this morning in zurich. u-turn on interest rates is not only dramatic in respect to what happened the last six to ni

i'm anna edwards alongside matt miller in berlin. matt: where did the doves go? stocks slide in asia and european futures are flat after they didn't deliver the cut. some expect attention turned to the u.s. gdp number, cash less than 30 minutes away. ♪ anna: partners in pain. renault lowers the outlook as the french carmaker grapples with the auto market slowdown. this follows as nissan reported a 99% plunge in profit. plans to carve out phone towers into a separate unit and will consider an ipo to cut that. plus, delay delivery. amazon forecasts income below expectations. alphabet and intel jump in late trading after beating expectations. good morning. matt: good morning to you, less than a half-hour hour to the start of trading. take a look at the bunds. this is something i was talking about. you saw a reversal in the bond yields. as we were heading into the ecb meeting, yields were coming down. investors were looking for the possibility of a cut. then we interviewed the german finance minister where i circled in red. and you saw but yields go up again. that's

anna: fantastic chart about matt -- chart, matt. battle of the charts, you would be winning. a negative day for trading, but we see health care to the full -- four -- fore. novartis a big winner. this is number. -- this is a bloomberg. -- this is bloomberg. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. ♪ matt: stocks at drop globally as trade worries and earnings gloom hits of the markets. ray dalio says it is time to buy gold. and tech is in trouble, netflix punches -- plunges. german software giant sap tumbles on slower growth in cloud computing. plus, iran's foreign minister tells bloomberg that europe needs to live by its commitm

matt: thanks so much for joining us. european big oil reporter on a very busy day and will continue to be for her. next, stock movers including bba aviation, jumping more than 5% following a deal to sell its unit to capital partners. this is bloomberg. ♪ anna: welcome back to the european open. 41 minutes into the trading day and we are seeing oil and gas and auto sectors pulling markets in the opposite direction. the stoxx 600 is weaker by four point sent but the ftse, up .1% because of big oil and reaction to bp numbers. to the downside, otto weigh on the dax. mexico's president has called for lower interest rates. dor saidt lopez obra levels are too high for the economy. >> one thing is what is to be desired and another is what is possible. i would like the central bank not only to work on its controlling inflation, but for it to be thinking about growth, as well. we are talking about what the central bank is doing. they are more cautious about inflation. this is not a bad thing, no. this is not the wrong thing to do.

matt: dani very much on brexit. matt?imm fox from the mliv team, share buybacks are affecting the market. using the bloomberg custom ratio editor, to look at an index of the biggest buyers back off the top 100 share buyback companies in blue, and the s&p 500 in yellow. even though share buybacks have declined, you see the ratio of share buybacks index to the s&p 500 coming down, to almost the lowest level since the beginning of 2017. we could see a reversion to the mean, and companies that buyback a lot of shares actually start to gain. anna? anna: this is what makes my job difficult, because i like both. dani, no doubt we will return to that chart, talking about the new conservative party leadership next week. but matt, we are talking about this more this week, the future of the share buyback story. ♪ >> fighting on two fronts. trump says china wants a deal as steven mnuchin considers heading to beijing. trading revenue will be the talking point. asking for the european parliament's backing to be the first woman to lead

matt, good morning. matt: we are less than 30 minutes away from cash trading across europe and in the u.k. take a look first at the 10 year yields. a big debate today about whether the fed rate cut, almost a foregone conclusion, will be 25 basis points or 50. as a result, the yield continues to come down. up a little bit today. still, if it is a 50 basis point cut, expect to see the yield fall further. look at futures. european equity index futures pointing up. dax futures gaining. cac and ftse gaining also. : the markets have faith in the original statements from william. the asian equity market getting a boost from officials despite the walk back. the market buying into the idea that perhaps there is a little more than 25 basis points in july. not convinced of 50. certainly, we see a live conversation in the market. the markets seem to be wanting to go along with the narrative that maybe there is more to it than 25 basis points. equity markets getting a boost from the risk on narrative in the market. l

matt: absolutely.ll, thank you so much for spending time with us, chief economist at bm oh global asset globalent, -- at bmo asset management. he is staying with us for the hour. next, electrolux ceo jonas samuelson joins us next. don't pass go -- congress slams facebook's libra, is one lawmaker brands it monopoly money. we hear from the top financial chairwoman in the house, maxine waters. this is bloomberg. ♪ matt: you're watching "bloomberg surveillance" i am matt miller in berlin. this up plans maker put operating profit in line with estimates. it highlighted southeast asia as a bright spot, seeing demand was positive. joining us from stockholm to discuss this further is jonas samuelsson, ceo at electrolux. kind of bucking the trend here of bad earnings. you have the positive effects of falling room materials prices. i wonder about your pricing power. can you raise prices further? yes.: we have significant headwinds from both raw materials and tariffs. for the second quarter in a row we have been a

matt: thanks.ech. , 23% rise in first-half 400 billionst over yuan. attempted togiant withstand u.s. efforts to curb the business but difficulties ahead could affect the pace of growth. banjo, how has huawei managed to hold onto so much, 80% of the mobile phone market? shelley: two things. the first is they were able to stockpile american components before the ban went into effect. that helps the company now. in terms of smartphone shipments, they have increased sales quite a bit in china where they are taking market share makersom apple and other as sales and the rest of the world go down a little. matt: why are they so confident despite the u.s. ban? just bravado? are they getting support outside? shelly: the company goes back and forth between saying they are really getting hit and this is ridiculous to this bravado, like you mentioned. we don't need the u.s., we can do this just fine. today they said, we can make our own operating system for the phone but we would prefer to use android and the

matt: all right. , you will stay with us. stay with "bloomberg: surveillance." plenty coming up, including oil snapping a four-day loss as an american warship downs and iranian drone in the gulf. plus, the sixth biggest u.s. banks have now reported. we are bringing down the winners and losers for you. this is bloomberg. ♪ matt: economics, finance, politics, this is christoph: i -- this is "bloomberg: surveillance." let's take a look at the markets. we are seeing gains across europe this morning. aboutg at the ftse up .6%. looking at the dax up almost a full percent. the cac gaining .1%. crude has snapped four days of losses after an american warship drone.and -- an iranian as stokes worries crude flows from the middle east could be disrupted. we are seeing the moves in the wti and brent, both higher on this risk premium we are seeing. president trump said of the uss boxer had down to the iranian -- iranian drone while the iranians are saying they did not actually lose a drone. regardless, we are seein

-- matt hornbach.till ahead on the program, i want to get a market check. treasuries look like this on the week. up on the 10 year by eight basis points. up on the 30 year by 10 basis points, a lot of that coming on thursday. 2.65, your yield on the 30 year treasury. still ahead, the week ahead, featuring a slew of economic data and fed speak. that is coming up next. this is "bloomberg real yield." ♪ jonathan: i'm jonathan ferro. this is "bloomberg real yield." time for the final spread. coming up over the next week, we get a load of data from china. we get industrial production, retail sales results, and a little bit of gdp too. on wednesday, g7 finance ministers and central bank chiefs meeting near paris to discuss the economy. plus, u.s. housing starts and the fed's beige book thursday. new york fed president john williams speaking. friday, fed presidents jim bullard and eric rosengren taking center stage alongside the bank of japan. still with me for final thoughts, mike schumacher, kathy jones, an

i want so much to say something, but i won't because i know it's up to matt. i know he will, but it might take some time. he was actually shaking. father dennis is a child molester, destroyer of my nephew. >> reporter: are there any priests that you know of still in active ministry who have been accused? of abusing minors? >> who have been accused? or who have been -- >> reporter: who've been credibly accused. what's the reason for the distinction? so there are priests? >> no, we would only, there's no priest with a substantiated, what you call credible allegation of abuse of a minor in ministry in this diocese. i can testify to that honestly and 100%. >> reporter: when we come back, we'll tell you more about father ryder's case. did you speak with any of the victims? >> this is, the victims of this case never came to me. >> reporter: and this question. do you think bishop malone should go to jail? shavon's answer and the bishop's reaction when we return ozempic♪ (announcer) people with type 2 diabetes are excited about the potential of once-weekly ozempic®. i

>> i agree with matt. i think that the committee should roll into this hearing with the purpose of communicating the substance of the report in the broadest and most successful way to the american public as he can. forget about our goal of impeachment. forget about whether vocab will be in the senate. the idea here is to get the information in that report, which was presented in a legalistic intense way, communicated in a very clear and simple way. i think the way you do that is by setting the ground rules. explaining for people, and having mueller answer these questions and a leading fashion. that the way prosecutors prove cases, every crime has specific elements. the way prosecutors prove cases is they show, they present evidence that supports each one of those elements. mueller left you the roadmap. there are 10 categories of obstructive activity detailed in that report. on eight of those categories, he concludes that there is significant evidence to prove every element of the crime of obstruction. >> t

matt pointed this out. the republicans have two ways to win, right? one is that mueller gives answers that are helpful to them. i think he will give more answers that are helpful than people believe. and two, they run out the clock. so what they're going to do is talk and harangue and strum and drang and bring up the dossier and the conspiracy, the whole thing. they're going to try to basically chew up as much time as they can, throw as much chaff in the air as they can, make it as confusing as possible so at the end what people say is a bunch of people yelling, talking about a bunch of stuff, i don't know. you know, click, two hours. so they have both their elaborately spun crazy conspiracy theories and a ticking clock as their allies in this process. i think they will use both to try to minimize whatever clarity the democrats could come out of this. >> the poor democrats only have the truth, which doesn't seem to be that strong an ally. you're up there, matt, it sounds like. what's the prep process like? are the dems being disciplined? are the actua

jonathan: matt? matthew: i would offer a different perspective. it is already pricing in 25 basis points of a rate cut. if that is all the fed delivers, i think risk markets will not be particularly pleased with that outcome, and i would expect duration to do pretty well in the case where the fed only goes 25. if they go 50, that will be a real nice bull steepening trade. here is the issue. when the fed starts cutting rates that aggressively, all of a sudden, all this foreign money that has not been investing in treasuries because of the hedging currency cost, they will participate in the backend of the curve. it will just make it really hard for the back end of the curve to selloff if the fed goes 50. jonathan: given what has happened in europe, i find it fascinating the rally we have seen in europe, the demand for longer dated peripheral debt already. surely, we have already had this move. what are your thoughts on the matter? matthew: if you are an investor and you are willing to go into spain and italy, given all the problems those countries h

matt and ben will star in the new movie, set in 14th century france.ne is accused of cheating and they fight to the death. >> he'll be playing medieval -- medieval knights of some sort. i'm not so sure that's going to work. >> they have their own real relationship. >> is ben really your best friend sf. >> yeah, i mean, we grew up together. >> of course, "e.t.'s" been there for all the #friendshipgoals moment and matt certainly he's the flavor of the week right now. >> has it gone to his head? >> absolutely. can't even talk to the guy after that "vanity fair" cover came out. he's like, you're going to have to hold on. >> i'm totally out of control. hold me back. >> the guys won the golden globe for "good will hunting" in '98 and they even our producer's phone to call their moms with the big news. >> hold on one second. here's your mom. it's ben. zblrjts let's move on the feel-good moments from this year's comic-con. we were very fortunate to be a part of, as the make-a-wish foundation hooked up some very special kids with their idols. >> you have questi

matt: like, twice a week, i'd say. lemonis: twice a week? matt: yeah. megan: hi, matt! matt: hi!arcus. megan: hi, marcus. it's a pleasure to meet you. lemonis: nice to meet you. matt: here you go. megan: thank you so much. lemonis: why do you choose delivery as opposed to going to a dispensary? megan: i choose it for convenience. i'm a parent. i can't always go to a dispensary. if a kid's with me, that's impossible. lemonis: right. megan: i also like the fact that it's discreet if it needs to be. lemonis: megan dooley fisher told me she uses cannabis to treat the pain she suffers from her auto-immune disease. and she uses a lot. how long will this last you? megan: okay. well, i'm probably a far heavier user than almost anybody out there. lemonis: okay. megan: this is 250 milligrams. i could eat this right now and go on with my day. you would never know anything. lemonis: 250 milligrams? megan: i'll eat that whole bag. lemonis: okay. so, i've never used. how much could i have? megan: i would say that you wouldn't even have one of these. you would have to start with a 2.5 milligram

matt: let me ask you about bukhari. of the first 25 world superbike races with their brand-new bike. it's amazing for a twin maker to do so well with such a different product. will you keep this brand under the volkswagen roof? said, our current focus is on power engineering and everything else is to be looked at down the road. currently, i'm not firing of speculation. nothing to be added on ducati at this moment. [inaudible] matt: yes. i'm happy you have it in your portfolio as well. me ask you about china. we've seen other german carmakers raise their stakes in chinese joint ventures to more than 50%. are you ready to go into that market? it looks to be in decline. strategically, more options seem to be open. at this moment, the priority is to be successful in an increasingly difficult market environment. the market is contracting. we expect the market for 19 to be below the numbers from 18. our focus is to improve our performance in the marketplace. is forategic discussion the future. at this moment, not an issue we

matt, nice to meet you. matt is one of the hundreds of thousands of lorry drivers in the uk.tt, what have you got in the back? hanging fresh lambs. can we take a look? no problem at all. his lamb freom warwickshire is worth more than £100,000. it will end up in france and austria. it's a nice little family—run company, we've got 18 drivers, with one driver per truck. we're on our way to dover, and over to calais. i don't think people realise the sheer volume that does travel in and out through ports around the country. if there's a no—deal brexit, there would be extra checks crossing into the eu — matt fears delays. it's going to cause problems with what we carry, it's perishable, it's all fresh meat, and we can't afford to be sitting, waiting to clear customs. and as things stand, there would be new tariffs or taxes under global trading rules. the government is going to waive tariffs temporarily on most goods coming in, but the eu could impose them on things we sell abroad. it will affect us. i have heard that there will be a tariff, a premium to buy, say welsh, or british l

matt: have you tried it? >> i haven't.his is really -- we are looking at what's happening in the u.s.. we are looking at what's happening. we are monitoring the situation. we have no plans to expand beyond that. a very interesting situation. right now it is very scattered with very different regulation from one state to another. it seems to be evolving. heineken's cfo joining us there. a wide-ranging conversation. minutes away from the start of the european equity trade. we will take a look at the stoxx we are watching, including san ofi. this is bloomberg. ♪ back to "bloomberg markets: european open." cash equities trading week six minutes away. let's find out the stocks the team are watching this morning. dani burger is focused on the london stock exchange. sanofifrench drugmaker had a charge on the hemophilia drug be acquired, disappointed, but we are seeing calls for the stock to be higher. they say growth will be at the top end of their forecast range. is looking at calls of 3% higher. >> to the upside there. also pot

lawrence, the reverend matt lawrence, so, matt, you are doing work not only in baltimore with lawrenceinternational but on an international level. >> yeah. >> you're planning a celebrity basketball camp next month in the tks and caicos. >> i am indeed. our mission is to not only affect the youth here but internationally. youth need help everywhere, and turks a caicos i a fabulous country. >> how did you pick that place?n >> f enough, i honeymooned there. >> ah. >> so we got married during the bye-week, so we went and took the honeymoon the nex year in turks and caico wherever we go and visit, i like to see the scope of the land and i like to help. it's kind of in my blood. so i was there, and i said i wonder, i bet thers kids here that need help. d the noprofit. s involv, and i said know what? a football etball down theld camp. ot about what i want, it's about what they want. so we have some tremendous, tremendous guice, dominick wrig have damian lee comi down. he played with tewa iors. we're and our mission is we tad it's a celebrity baskit right. it's instillin same kinds of thing wt

this is bloomberg. ♪ matt: economics, finance, and politics. i'm matt miller in berlin.ck to the full-year earnings outlook. but with a fair war and the grounding of the boeing 737 max jetline is eating into first quarter profits, the discount airlines is the situation is particularly tough here in germany. some are selling excess seats below cost after the takeover of air berlin. we spoke with ryanair's chief financial officer. there is a lot of overcapacity in the german and austrian market. this is due to the uncertainty about what may happen with brexit. ryanair's cfo. let's bring in the managing editor for global business looking at the airlines. it will start with ryanair. what do you think about this company saying overcapacity is a real problem. singling out germany and austria, the u.k. as well. simply speaking, too many seats available. that means they are making serious cuts. it is engaging in a price war. they will tell you the same thing about ryanair. they are accused of offering tickets below-market prices. it is a strategy that is not very sustainable. in

matt, what can you tell us about these alleged arrests?aloney. >> reporter: the iranian ministry of intelligence said they were extensively trained by the cia. they were given foreign passpor passports. they were trying to leave the country and go to europe or at scientific conferences or some kind of conferences abroad. that's where they were had he approached by cia officers who then trained them extensively. now, as you mentioned, trump and pompeo both denied this was true. is it true? is it not? that might not matter for the iranians. because this might be aimed more from domestic consumption within iran than it is for the americans. remember, the iranians are obsessed with this notion that america is constantly spying on them. this is a major mix, documentaries, dramas, showing americans insidiously trying to undermine the republic. this might be proof for the republic that they have cards to play in this escalating fight with the u.s. >> i want to bring in senior international correspondent keir simmons here with me in new york. matt

matt, thank you. thank you so much, matt. zerlita, stick around. finding the pulse of the democratic debate. joe biden and bernie sanders taking each other to task over healthcare. biden rolled out his healthcare plan and now it's sanders turn to respond way speech his own. >> vice president biden gave a speech this week. he said medicare for all would tear up part of president obama's legacy the is he wrong? >> of course he's wrong. >> you're either medicare for all, which means obamacare's gone, gone, period. all, which means obamacare's gone, gone, period (vo) parents have a way of imagining the worst... ...especially when your easily distracted teenager has the car. at subaru, we're taking on distracted driving [ping] he said medicare for all would he said medicare for all would the all-new subaru forester. the safest forester ever. let's see, aleve is than tylenol extra strength. and last longer with fewer pills. so why am i still thinking about this? i'll take aleve. aleve. proven better on pain. today's senior living communities have never b

matt: right.all comes down to statute of limitations. for the agency, it's five years. so they said, you owe us $3 million penalty. the sec said we want the $35 million, plus interest, of the misappropriation. and he argued well, they're the same. the penalty is $3 million and you want this other money. he kept appealing and it went to the supreme court and they voted 9-0 he's right. this is a penalty. jason: so the penalty was sufficient. the $3 million was sufficient. matt: that was in the window of the statute of limitations. these funds were started so many years ago. carol: interesting, so investors have given him money get nothing. matt: yes. there were four funds. one got pennies on the dollar, the other just nothing. jason: what was the legal argument? all about statute of limitations? matt: right. and congress does have a few bills in the house and senate to close that loophole to say well, actually, we want you to go beyond that time period. for most -- bernie made off lasted for so long

matt: right. right.nd congress does have a few bills in the house and senate to sort of close that loophole to say well, actually, we want you to go beyond that time period. for most -- bernie madoff lasted for so long. carol: correct. matt: all of these cases go on. right now, we've been in a 10-year bull market. who knows what else is going on? carol: from running out the clock to running several different circles, a dea informant living a double life as a fashion photographer. jason: and his attempt to scam two of the world's most dangerous groups. colombian drug lords and the u.s. government. here is the reporter did dick fox. dick: he is one of the most successful fashion photographers in miami. millennium, and he's got a penthouse in miami beach. he's a regular at all the hottest restaurants, always surrounded by the models he photographs. he's got his own jet. he seems like he's on top of the world. but what all his fashion friends and family don't know is that he is secretly working for the u.s.

lemonis: and matt, well, he was just impossible. skyler: matt is really overconfident, thinking that he knows what's right. lemonis: not only had he made some seriously misguided business decisions... is this only for girls? matt: yes. lemonis: ...but he was always undercutting charlotte and skyler's authority. matt: well, now these guys have it that they can do whatever the [bleep] they want. if i'm acting ceo, we go with my decision until you vote me out. lemonis: he would ignore their ideas. charlotte: i just think we need a leader that puts the company first and not himself. lemonis: he was nasty. matt: i literally did with charlotte. we stepped the [bleep] out. lemonis: you don't have to get that crazy. and while i tried my best to help the business, even lining up a huge opportunity with t-mobile... and we're going to bring you designs that are exclusive to you that we will not put in the market. matt: no. lemonis: ...he just blew it all, and finally, i reach my boiling point. you're a smug prick. you have disrespect towards h

matt, i'm looking forward to it. some fantastic coverage coming up from matt and the team.ou do not want to miss this. the boston pops fireworks spectacular kicks off at 8:00 p.m. eastern time tonight. from boston, we should probably head to washington now. the u.s. justice department is edly on the verge of a decision to approve the merger between t-mobile and sprint. here with more is the executive editor of global business here at bloomberg news. this is all about the numbers three and four, isn't it? basically, if we combine these two businesses, we could go to three main operators in the united states. the regulators aren't happy about it. it is all about how we get a force. guest: that's right -- a fourth. guest: that's right. they want a distinct fourth competitor for competitiveness in that market. guy: how are they going to do that? guest: according to our reporting, they are on the verge of reaching a deal to sell assets to dish, which already is trying to go from satellite player to mobile player. they already have a ton of airwaves. with this deal, they would ac

matt, let me start with you.s this good for the president in his reelection, has he found somebody to run against? matt: i think it is disgusting, what was said. said.he crowd stepping back from this. i think well before this i would have said that the president is best when he has an enemy. he was best when he was running against hillary clinton. in the absence of the mess of the democratic 2020 primary, he needs someone to fill the vacuum. that is what the squad will do. it is good for them. they get to view them as the tip of the spear against trump. they will raise money and get their notoriety out there. david: joel, it may be disgusting what the crowd was chanting, but could this hurt the democrats. the democrats feel obliged to rally around these freshmen congresspeople. they said things that a lot of people would object to and it feels like the democrats are endorsing what they have said. that is the nature of representative democracy. i was in the senate the last time we had a 60 plus boat majority. you

matt: you mentioned the reduction in risks.there's a pendulum between stability and growth that, since the financial crisis, has swung too far towards financial stability. you think regulation and rates need to come back a little bit to allow for growth? there is enough room for growth for banks, and also the economy. we have the highest number of .eople employed if we have people coming over the borders of germany and looking in the right places, they will have a job. is this nothing where you cannot have the perspective that better growth rates will come. matt: we have german pmi's flashing the lowest level in seven years, the index dropping from the 10th month and 11th economists are concerned that the german economy has contracted in the second quarter. what is your expectation? think this is not a critical situation. everyone is waiting for a better develop it worldwide. .e are doing our job in germany we released low income people from taxes, and this helps a lot. we will do further things like this. burdens which was put

i think we owed it to matt.an, made a pact in the hospital, as long as we had the opportunity to speak out, we would. [ applause ] >> i don't always carry a copy of the matthew shepherd and james byrd jr. hate crimes prevention act around with me. >> i think you do. >> you should. >> okay. actually, i frequently do. but you know because you were at the signing ceremony that in real life, it doesn't look like this. it looks like this. because even after 13 years of lobbying, the only way to get this law passed was to put it on the one bill that has passed every year for the past 56 years, and so it is division "e" of the fiscal year 2010 department of defense authorization act. you have been part, dennis and judy, louvon, the lgbt arc since then. almost 20 years since matthew was murdered. give us a sense of the arc you have seen, the progress that we've made, where we're at now. >> go ahead. >> you should do that because -- i went back to saudi. >> okay. well, when we first got involved, matt was out to us. so t

and matt miller is in charge of pulling the string on one of the howitzers. you want? have a great evening, enjoy yourself. it looks like the coverage will be excellent. matt knows everything about the event. you do not want to miss our coverage. it all kicks off at 8:00 eastern. it will be fantastic. make sure you tune in. we have the concert, we have the fireworks, we have the howitzers. everything will be going at 8:00 this evening. from boston, from london, this is bloomberg. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. the following is a paid advertisement for time lives video collection. >> ladies and gentlemen, dolly parton. >> it is country music's biggest night. when country's greatest stars perform on country's biggest stage. now, you can have your very own front-row seat

matt miller, matt, thank you. >>> will he be released? a judge set to make that decision about accused sexual predator jeffrey epstein today as he seeks to be released on bail. we are going to go live outside the federal courthouse. that hearing we're told literally just getting under way. live look there outside the courthouse. we are also keeping an eye on what's expected to be quite the contentious hearing on the hill. acting dhs secretary, department of homeland security secretary kevin mcaleenan testifying and they're about to ask a lot of tough questions about conditions inside those migrant detention facilities. and the separation of families. facilities and the separation of families if you have moderate to severe plaque psoriasis, every day can begin with flakes. it's a reminder of your struggles with psoriasis. but what if your psoriasis symptoms didn't follow you around? that's why there's ilumya. with just 2 doses, a majority of people were clear or almost clear. and over time, even more people were clear or almost clear. all

to good use in this new spot for "stand up to cancer," he's joined by the likes of zachary levi and matte psa that debuts tomorrow during the major league baseball all-star game. >> these are the moments that bring us to our feet. >> the foul ball. >> i don't think there's anyone, whose life hasn't been affected by cancer in some way. >> that's certainly true for matt who lost his father kent in 2017 after a long battle with cancer. >> that was really a painful struggle for all of us. i'm looking forward to the day where other kids don't have to go through that with their parents. >> you know, there are so many parents. >> you know, there are so many stars coming together for the discover elvive protein recharge leave-in conditioner. our heat protecting formula, leaves hair 15-times stronger. ♪ in just 1 use elvive revives damaged hair. incolossal mascara? from maybelline new york. in just 1 use mega brush collagen infused formula. instant big volume... so fast...so bold...so colossal! colossal mascara from maybelline new york, available at walmart. >>> travel consideration provided by -