matt miller in finland.ll also bring you another exclusive interview bloomberg has conducted over the last four hours with the president of the united states, donald trump. it was in the oval office yesterday with john mickelthwait. up next we will talk about coca-cola getting into the coffee business. whitbread stock is soaring high this morning. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." we are 50 minutes into the trading day. donald trump has hit out again that china, saying the second largest economy would not last in a trade dispute. the president spoke with bloomberg's editor in chief, john mickelthwait, saying his administration was re-examining how to determine if china is manipulating its currency. president trump: it is a formula, and we are looking strongly at the formula. on,ou see what has gone with the yuan, they are tried to make up for lack of business by cutting their currency. it is no good, you cannot do that. guy: the president of the united states spea

matt miller is an copenhagen at the ap moller-maersk hq. tt: chinese markets are down, while the rest of asia rallies. i just spoke to soren skou. he told me about the spinoff. the gas trade -- he will tell -- we will talk more about that. the cash trade is less than 30 minutes away. ♪ guy: u.s. markets surge of walmart.d by the only question you really need an answer to the right now much longer can america outperform? ap moller-maersk plans to spin off its drilling business on the nasdaq. matt miller live at the company's headquarters in copenhagen. air france has a new canadian pilot. will unions get on board with the foreign ceo? will passengers take flight? we are less than half an hour from the start of european cash trading this friday morning. let me show you what the futures point to this morning. yesterday u.s. markets were on a tear, driven by those amazing walmart numbers. the retail story in the united states looks very strong. the outperformance of the u.s. market. europe will do nothing today. that is the story will get at a h

matt miller? these are actually the best days to look at things from a sector point of view because you see some real movement in both directions. active investment helps to some extent. taking a look at the map on the bloomberg europe 500, we have financials doing well, consumer staples doing well. if you look a little deeper, you can see travel and leisure, as well as media stocks are doing well today. doing poorly. oil and gas are doing poorly, as well, but it is picking up a little and you are seeing more green on your screen then read. r --ed. -- red. guy: it doesn't look like a dividend story. co is trading lower, but let's start to the upside. -- up two point 36%. micro focus is having a fairly solid day, as well. let's take you to the bottom of the markets. story thatditex seems to be driving the market down, at least in spain. the downgrade from morgan stanley seems to be floating around. downgraded by morgan stanley. maybe that is why we are seeing weakness down there. european markets, a

i am guy johnson alongside matt miller in berlin. matt: there is a slight red streak across the board for equities especially in asia as the dollar falls for the first time in six days. the cash trade is less than 30 minutes away. guy: a sleuth of bears. down close to try percent from their highs. as the yuan bounces strongly, is it time to buy the bears? deutsche bank traders are said to have made $35 million on the turmoil in turkey. one barclays trader is said to have taken in $19 million hit. turkey holds an investor call at 2:00 p.m. london time. we speak exclusively to the fin tech that is worth more than deutsche bank. and is set to replace commerzbank. matt: we are less than half an hour away from the start of european equity trading. we see green across the screen. it does not seem that europe is as concerned with the drop of profit in tencent as you may have thought with all the hoopla over the earnings yesterday. we do see three quarters of a percent gain on future -- ftse futures and cap futures, but the overall stock pict

i'm alongside matt miller in frankfurt. cash trade is 30 minutes away. matt: indeed. decentarkets have shown gains. a little bit of mixed trade. we will see how we open in europe. --germany's second biggest strongest revenue growth in 18 months. with the cfo in an exclusive interview. the lira pares losses. turkey's currency gains after slumping more than 6% yesterday. stocks and bonds also suffer as this spat with the u.s. continues. and rouhani's retort. the u.s. imposes sanctions on iran. saysranian president negotiations will be meaningless while sanctions are in place. we have futures indicating stocks will rise today. we have the u.s. s&p 500 rise to the highest level since january yesterday. euro stoxx 50 futures up five third of 1%. 0.3%.by we had the ftse 100 rise yesterday. look at what's happening on our gmm function. chinese shares rebounding today. the csi 300 up 2.4%. look at turkey when it starts trading in 28 minutes time. we saw a big drop in turkey stocks yesterday as that diplomatic rank or with the u.s. continues. afterra rebounding today slumping

i'm matt miller in london.es away from the open. we get your stocks from around the newsroom. oliver suckow is looking at linde. and dani burger on hsbc. oliver, let's go to you. thatlooks like a merger puts together the biggest, i guess gases company. what are we looking at now? r: they been trying to merge for almost a year now, or longer. with her the sbc is going to require more than both companies expected in terms of investment. they are he said they will invest $9 billion worth of business and they were certain that's what it would take to get antitrust approval. suddenly they say no way, we need more. i think this is something that shocks both companies. the market obviously isn't going to like this news, but it's still a good idea to keep an eye on the stocks because the reaction might be heavier than we were expecting. matt: all right, casper,, give me the story the lowdown on either beauty. casper: best known for its regis brand of service officers, said with three private equity buyers, the qlogic o

guy: busy afternoon for matt miller. chris, thank you very much. g us with the latest out of vw. matt has a great opportunity later. we go from cars to planes. i want to talk about air france. they are still dealing with its ongoing labor dispute. it still does not have a ceo. we need to figure out who that person is. the number this morning were pretty solid. the pricing on the north atlantic routes are what is driving the demand right now and driving revenue as well. stocks doing really well as a result. this is a bit of a surprise. you can see this on the gd. still trading around the bottom end of it. volatility has come down really sharply. at the three-month role, coming down sharply. it has been a really turbulent time for this company. maybe the north atlantic allows a little bit of despite in terms of numbers being delivered. we are going to be talking to the cfo a little bit later in the morning. our evernext is popular segment, battle of the charts. guy is going to battle annemarie. i remember when our producer actually invented this segme

david frum, matt miller, maya wiley, thank you for starting us off tonight. i appreciate it. when we come back, why donald trump spent the weekend calling people and screaming. of course he did. and natasha bertrand will join us with her exclusive reporting on devin nunes' excellent adventure in london investigating the christopher steele dossier. that's next. sarah always chooses to take the stairs. but climbing 58,070 steps a year can be hard on her feet, knees, and lower back. that's why she wears dr. scholl's orthotics. they're clinically proven to relieve pain and give you the comfort to move more. dr. scholl's, born to move. that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flight for me. so i'm more than confident. how's your family? kayak. search one and done. >>> tomorrow is another big day for paul manafort. special prosecutor robert mueller has to tell a federal court in virginia whether he intends to continue to prosecute paul manafort on the ten verdicts that the jury could not reach an agreement

. >> matt miller, what's your analysis. >> aaron is right. >> this is a red line for the president to interfere into the investigation. he's not crossing the red line, he crossed it a long time ago. >> this is not another. >> he's living on the other side of the red line at this point. when you look at what the president said, it will be powerful evidence along with everything else he said publicly and privately in trying to shut down this probe. going back to the dates and just after he was inaugurated have taken steps sometimes publicly and sometimes privately that this probe ought to be ended. one of the things i found interesting from the rudy giuliani and jay sekulow that their acknowledgment of the president's taking direct action to the problem that's problematic. he has taken direct action to interfere with the probe. he ordered his white house counsel, don mcgahn to have bob mueller fired. >> joe, can you weigh in on t j that? >> i agree with matt. if you offer a bribe and the other person turns it down, it does not mean that you are not guilty of attempted bribely. if you sa

matt miller in berlin. matt: i'm here on a regular workday. asian stocks gaining today in a big way and hong kong and china. london has closed for holiday, but the other european markets are going to open and they are going to trade. hard-working markets on a monday, set to open higher. cash trade starts in just about 30 minutes time. ♪ guy: beijing backing a stronger yuan, asian stocks jumping, chinese authorities reintroducing factors in the daily currency. how long will the party last for equity investors? we talk about correlations today. tesla's round-trip as musk ditches going private. the controversial ceo and its share price go next. turkey returns. markets reopened after a week off. should investors buckle up for a bumpy ride? matt: absolutely. all those stories we are paying attention to today. but the markets are a big part of what you need to be watching, very closely to what the pboc is doing and what the fed said on friday. central bank striving rallies around the world. doesn't look like it will be different across europe. we ha

david frum, matt miller, maya wiley, thank you for starting us off tonight. i appreciate it. when we come back, why donald trump spent the weekend calling people and screaming. of course he did. and natasha bertrand will join us with her exclusive reporting on devin nunes' excellent adventure in london investigating the christopher steele dossier. that's next. r ing the christophe steele dossier that's next. when you rent from national... it's kind of like playing your own version of best ball. because here, you can choose any car in the aisle, even if it's a better car class than the one you reserved. so no matter what, you're guaranteed to have a perfect drive. [laughter] (vo) go national. go like a pro. see what i did there? >>> tomorrow is another big day for paul manafort. special prosecutor robert mueller has to tell a federal court in virginia whether he intends to continue to prosecute paul manafort on the ten verdicts that the jury could not reach an agreement on last week while the jury was busy convicting paul manafort on eight other counts. a member of that jury r

matt miller is back in berlin. matt: the reason enough out of washington to spook markets, but facing to shrug off concerns about the conviction of paul manafort and a guilty plea of michael:. the cash -- michael cohen. the cash trade is less than 30 minutes away. guy: guilty as charged. cohen and manafort's bad days in court leave the molar investigation closer to the president. his political risk underpriced in america? s&p's bull run is set to be the longest on record. will a federer politics bring it to an end? released today. kindest tech trouble. numbers are due this morning. alibaba do tomorrow. will either turn the tide for emerging-market stocks? matt: less than half an hour from the start of european trading. downat where futures are, across the board right now. ftse futures off .5% partially due to the strength of the pound. dax futures down one third of 1%. if you look at the 10-year yield, after it came back yesterday, investors are now buying the debt, pushing the .ield down to 2.8261 investors seeking

matt miller, what do you make of roger stone? >> first of all, i think the disclaimer by roger stone, you always have to take everything with a grain of salt that he says. it could have been a crime that donald trump jr. committed in taking that meeting. but the second big thing is it might be a little bit of news that he gave, probably inadvertently there, if it's true that donald trump jr. actually met with the fbi. so far we haven't seen any reports that he has met with the fbi, that he's been subpoenaed to the grand jury. politico reported a couple months ago that mueller has not subpoenaed or asked for interviews with any of the trump children, including don jr. that is news that donald trump jr. is a very serious subject if not borderline target that he has not been contacted by the special counsel. there may be someone actually inadvertently helping donald trump jr. news if it's true he was contacted for an interview and has gone in and talked to bob mueller. i am a little bit skeptical of that report. i think given all th

i am matt miller. stocks across asia are in the red as the lira hits a record low carried the cash trade is less than 30 minutes away. the lira plunge deepens. turkeys currency hits a fresh record above six to the dollar, falling as much as 18% over two days. fears of contagion knock the euro down, as well. speaking of currencies, sterling touches its weakest level against the dollar for 12 months as the greenback strengthens against most major currencies in a safe haven bid. shares of tesla gained in after-hours trading following reports its board is meeting with advisers next week. we are less than half an hour from the start of european trading. take a look at futures. we are seeing equity index futures move down across the board. these losses are accelerating into the open, so right now, cap cacres are down .7% -- futures are down .7% as a number of banks are exposed to turkey, the ecb is worried about it and those banks are the most in france. we see dax futures and ftse futures down. look at the

spokesman for the justice department matt miller. matt and phil are msnbc analysts. ken, i want to start with you. since you are the national security reporter of the bunch here, it's unusual to see all of those names and faces stand at the white house podium and lay out what they are doing to combat this meddling effort, this attack on our democracy. >> it was remarkable, katy. one remarkable thing is they could have had this news conference a year and a half ago because, as you know, this behavior by russia never stopped after the 2016 election, particularly this maligned influence ca influence campaign on facebook and twitter. a number of statements weren't true. a robust campaign to stop this began as soon as donald trump took office. we were at an intelligence conference in april and they were asked what the nsa is doing, and she answered we have not had the political fortitude to say what we are going to do. we have not hit them where it hurts. one thing that was significant in this news conference was the head of the nsa was clear that seems to have changed fo

matt miller? r angela merkel hosted vladimir putin this weekend in their first bilateral meeting here in germany since 2013, they discussed syria, iran, where russia's annexation plunged them into crisis. let's get the thoughts from peter. what is your take on this meeting? i'm sure you watch it closely. it seems like their number one in tension is to make clear to the world they are going to build a pipeline and it will not be deterred. peter: yeah. look, this pipeline has been in the making now for years really. i would be very surprised if at the very last stretch, this gets halted. i think this meeting, we have to keep it in context. merkel in particular has always said, even during the times of the annexation of crimea, it's much better to talk them not to talk. she's been true to her word. this meeting should be seen in light of that. we'll have to see if there is tangible outcomes. i doubt it. in regards the pipeline, i would be extremely surprised if this doesn't go ahead. guy: that will an

i am guy johnson alongside matt miller in berlin. matt: asian stocks traded mixed as china-u.s. trade negotiations produced no breakthrough and we are not seeing much of a move in other asset classes. we will show you that. the cash trade is less than 30 minutes away. guy: china-u.s. trade talks continue without much progress. $200 billion of extra trump tariffs looking inevitable. trump offers to buy italian bonds. it is reported the president made the offer to conti where they met three weeks ago. how would that work? the fed's chairman speaks at jackson hole. will powell say he is worried about what is happening to the rest of the world economy? he speaks at 10:00 a.m. eastern time. matt? matt: that is something we are all going to be glued to, especially u.s. traders, since that is 3:00 p.m. london time and it is friday. most british bankers will be off for the weekend. less than half an hour from the european open. the start of stock trading. look at futures. a little mixed trade with ftse futures down, dax and cac futures up. treasuries, little movement there. i have my th

i am guy johnson alongside matt miller. matt: great to be back. the greenback accelerating a slide after the euro breaks through the 1.15 level. chinese stocks are rallying hard. cash traded less than 30 minutes away for europe and the u.k.. guy: does the buck stop here? president trump complains the fed is raising rates and accuses china and europe of manipulating their currencies. closing the gap. italy's prime minister says there should be billions of euros in compensation for the bridge collapse. bhp billiton warns on costs. the u.s. will not win a trade war, warns the ceo. >> the concern we have looking forward is that if protectionism does take hold, it will have a dampening effect on the global economy. matt: of course chinese stocks rally hard. we do not see green arrows when you look at european futures. little change in dax futures and cap futures. the big moves down his ftse futures. that could be due to the strength in the pound against the dollar this morning. you're going to see strength and a lot of currencies against the greenback

and i am guy johnson alongside matt miller in berlin. matt: despite another fresh record for stocks, gains in asia evaporated. futures are pointing to a andtive open in europe across the pond. the cash trade is less than 30 minutes away. down under, the aussie and the kiwi take a beating as weak data races the chance of their central banks of staying on hold for a long time. the peso is pounded. president macri surprises the markets and his people with the needs moneygentina from a credit line as soon as possible. it is not just argentina. the turkish lira and the indian rupee both slide sharply against the dollar. matt: less than half an hour away from the european open. let's look at futures. we had, we saw some gains in into laterisappeared sessions. we see now european futures are pointed down. down 1/1050 futures of 1%. a look at the u.s. 10 year, we had a big jump in yields on tuesday, not much, a grind noter yesterday and today, much movement. you can see 10 year yields unchanged, 2.88% from today's trade create what do you see in

i am alongside matt miller in berlin. i am guy johnson. matt: markets in asia are down yesterday with india and south korea closed. china, hurting the most. the cash trade is 30 minutes away. guy: not backing down. president erdogan put taxes on american goods. tencent traders prepare for a wild ride community option inket points to a 5% move either direction when the chinese tech giants numbers dropped after 9:00 a.m. london time. as rescue efforts continue, will the tragedy force europe to spend more upgrading its infrastructure? matt: you are getting restless is numbers. it beat the street estimate of $215.9 million by a longshot. revenue was 2.2 6 billion, that misses the street estimate of 2.8 billion. it starts getting more harry when you get into the outlook. oftas sees full-year revenue 10 to 10.5 billion on the lower 10 of its previous range of billion dollars to $11 billion. it is tightening its ebit margin rain. it is saying between 9.5% and 10.5%. we will watch those shares at the open, but also speak with the ceo of vestas wind

i am guy johnson alongside matt miller in berlin. matt: not a lot happening in asset prices, with the exception of asian markets. a mixed trade, but big arrows. the cash trade is less than 30 minutes away. guy: china's currency heads for eight weeks of decline, its longest losing streak on record. this as u.s. commerce secretary wilbur ross signals more pain ahead unless beijing changes its ways. has the yuan already been weaponize? turkish data drops in 10 minutes. how long before the 10 year hits 20% and the -- lira gets -- to the dollar? a $3 billions stake in china's largest brewer. invest -- investors cheer another big expansion. matt: we are less than half an hour from the european open. beer in beijing doesn't sound too bad on this friday. futures, we are up even with some of the losses in chinese markets and little movement in other places in asia. right now, we see ftse futures up .5%, dax and cap futures trailing them. the u.s. 10 year, since it got up around 3% last week, has been like watching grass grow. 2.8904%. over the

thank you. >>> matt miller, so much there. but this idea now that we're putting our finger on it, the witting accomplices to the russian effort to meddle in the 2016 election feels like maybe the public facing part of what bob mueller is investigating, the conspiracy. >> that's right. if you stake everyone in that meeting at trump tower -- >> it's jared kushner, paul manafort, donald trump, jr. and a bunch of russians with ties to the kremlin. >> that's right. >> what did they think they were doing? >> it's not just the e-mails that we see jared kushner responding to, but you have to take that into context of what happened before. in april, george papadopoulos had been told that the russians had obtained hillary clinton's e-mails. dan scavino, a close aide to president trump, had tweeted about the russians having obtained hillary clinton's e-mails. we haven't seen this confirmed yet, but i guarantee they went into that meeting thinking they were going to get hacked, stolen e-mails from the russians. >> and we talked to a perso

and matt miller, these are just the people around president trump.ays off its hotels. ivanka finally had to shut down her clothing line. but they are still making money. they put things in a trust in a way that does not isolate them from profits to put it mildly. >> i think joe hit the nail on the head when he called it a culture of corruption. democrats have the ability to make this case that there is a culture that starts at the top with donald trump, starts with his family members, kind of pervasive throughout his administration. you could talk about the treasury secretary's flights on government planes, the interior secretary has been under inspector general investigations. now we see it moving over to a member of congress pt and the problem for other members of congress, that isn't to say every member of congress is corrupt. of course not. but every one of them right now is allowing this to go unchecked. there's no republican chairman, there's no one in a leadership position. there's really no one on the hill who is saying, you know what? we nee

i am matt miller in london. guy johnson is off this week. prime minister is host a meeting later today to discuss the country's budget. attention between members of the coalition government has made investors wary of italian bonds. ralf preusser is still with us to talk about this phenomena. it is not unusual to see italy in a position where bondholders aren't willing to cut them that much slack, but what do you think we are looking at as far as what is priced in? ralf: what is priced in, to me, is a fairly unstable equilibrium through.ng we will have a budget. the market will either view it as benign or judge it as reckless. surprised to end the year at current levels. it doesn't seem stable. ,att: we have the tenure spread looks like in white, the two-year spread in blue. it is right around 250, 260. you see that blowing out? outright to me, the position is very hard. the market is generally short. i haven't met an investor who is happy buying italy because the volatility is high. it is a difficult trade to justify, but let's take the beni

francine: that was maersk's chief executive speaking with matt miller.on on trade. we will also see the difference onto your treasuries. later on today, on what you be talking about turkey and a thing or two about trade, coming up at or clock p.m. in new york, 9:00 p.m. in london. this is "bloomberg." ♪ francine: it is bloomberg surveillance and it is guy's favorite time because it is the single best charts. it is the two-year treasury and the schatz. the interest rate staying at current levels during 2019. the federal reserve continuing on its hiking path. what it means is that u.s. treasuries and german bund, the widest sense data began. let's get to anthony crescenzi of pimco. an interesting countercurrent call on the ecb. you think they will raise but that is it. is not likely that the ecb will raise its rates until next year, probably in the latter half to something less negative, they will get into positive territory in 2020. perhapsl get to 0.25, 0.5. they will pull back to zero in the five-year horizon. we think the policy rate will though no hig

matt miller is an copenhagen at the ap moller-maersk hq.ese markets are down, while the rest of asia rallies. i just spoke to soren skou. he told me about the spinoff. the gas trade -- he will tell -- we will talk more about that. the cash trade is less than 30 minutes away. ♪ guy:

with: that was matt miller stephan engels. matt joins us now. great to see you. great to see you.d strong results. is in the main problem just too many banks, too much competition over there? matt: absolutely. the results were better than the analyst estimates. as soon as they came out this money, we started getting notes from analyst saying these results, the growth was not being driven by the things we needed to see it driven by. mainly retail banking operations and corporate banking operations. commerzbank wants to do old-fashioned banking in germany. the problem with that is there are so many other banks that want to do that. if you look at the market share of commerzbank and deutsche bank together, it is a tiny sliver of the german banking industry because of so many local and community banks that germans a lot of times prefer. it is difficult to gain market share in that area and add customers. that is why they have not been able to add customers as quickly as they would like. david: typically when you hear that, you think consolidation. where is the consolidation? matt: tha

guy: we are live from our european headquarters, i am guy johnson alongside matt miller in berlin. matt: japanese markets bouncing fallstrongly as china following a week set of data. the cash trade is less than 30 minutes away. guy: the lira bounces. the turkish currency is up over 5%. as the trading book it's handed over to europe we will dig into the reasons and find out why we are getting this dramatic move. over the last couple of minutes. joining the dogs. the contagion continues to ripple around the world. the two sides of this coin over the last few minutes the rand has jumped sharply. earlier in the session the rupee went through 72 the dollar for the first time ever. and more bad data from china. stimulus? even more matt: that is a question we will you we will not answer for but we will discuss the possibility and the possible results. less than half the way -- half an hour away from the european open. gains across the board in europe, suddenly on this board you will see all gains because we have the core countries here, the ftse futures up .3 of 1%, dax futures up by five

matt miller did the interview.cinating about consolidation, but what i want to know is the impact of trade tariffs. it will be global, they say. and het will be global, has warned that traded tariffs, not just between the eu and u.s., but also between the eu and china and between the u.s. and china, are a real weight on them as far as lifting their margins in the second half. for example, they have a goal of 6.5%-seven .5% margins in this again half -- 7.5% margins in the second half, and to tariffs will be a big issue in meeting the goal. it will make it a challenging task, he would probably say, but they are still committed to their profit goals for the second half of 2018. caroline: a titanic task, i quite like that turn of phrase. what about being hit the hardest, it seems to be the luxury side of the business the tariffs will be impacting? matt: they have, on the one hand tariffs impacting luxury, the luxury side of the business, because you do not buy a porsche for example in new york that is made anywhere in

we are live from london alongside matt miller in berlin. matt: a rally in asian stocks stalled in u.s. futures are paring gains. european futures pointing to a mixed open. the cash trade is less than 30 minutes away. ♪ guy: trading on a new you -- a new deal. progressnd mexico make on a nafta replacement. futures do not look so great. for china?s bad we will talk about that during the program. not the end of the world on the plane to south africa theresa may tells reporters the brexit --ld the success even if the in the event of a no deal. the pound falling on her comments. italy's finance minister says ec spread narrowing. continue with our guests. withve a mixed picture equities globally. you do see ftse futures gaining, they were closed so maybe playing some catch up there. dax futures are little changed as our eurostoxx futures. we had a turnaround here. but i a three day chart will move it down to one day. we had yields rising in the early morning up to 2.85 and beyond. they are coming down and are little changed at 2.85. there is, you

i want to go to matt miller first. matt, obviously, this story is just breaking now.tunning, this isn't just being questioned. i mean, been arrested, that's a very big deal. >> it's a very big deal become you very rarely see this where the fbi is able to move in on a member of congress and arrest them. oftentimes, you'll see them indicted, but to be arrested leads you to believe that, you know, there was some reason they might destroy evidence or something, and they had to arrest him rather than to indict him and let him turn himself in. to connect a couple stories we've been talking about here, the manafort trial and the congressional election last night, one of the opportunities that democrats have is to run on this culture of corruption in the republican party where you have an administration that's stocked with people with the president on down. people like wilbur ross and ryan zinke. and members of the house who act like they're unaccountable to anything. and you have the president who interferes with law enforcement. and november really is the chance for people

i am alongside matt miller who is back in berlin. matt: asian markets tanking after trump renews sanctions and tariff talks, talking about boosting tariffs on china. or 4% onropped to 3% those indexes. the cash trade is less than 30 minutes away. guy: we are trading down, chinese stocks being hit hard after the white house confirms it is considering escalating the trade war again. all dealings in the swiss asset managers unconstrained fund have been halted following suspension of hayward, how much worse does it get question mark we will find that out at the open. the mpc is delivering a hike, we will speak to governor mark carney following the meeting. we are less than half an hour away from the open of european trading. let's take a look at the fallout from the drops that we see across asia. it is not so bad as far as european futures at least right now. you do not see ftse futures down more than .2 of 1%. you have your own issues, your own news to contend with in great britain area dax futures are down .6 of 1%. take a look at treas

with matt cehic miller.e is recovering from a debilitating computer virus. on bloomberg.com, they are predicting a messy split from the eu. international trade secretary says a 60% chance of a no deal outcome as the club ticks down -- clock ticks down to brexit. jamie dimon doubles down on r u.s. yields. .audi arabia suspends ties let's get to the bloomberg first word news. here is kailey leinz. kailey: the u.s. is ready to endure a protracted trade war. claimspset over weekend that from has the upper hand in dispute. i china does not fear sacrificing short-term interests. trump has now changed his position on his son's meeting with a russian lawyer at the trump tower during the campaign. it was to gather information on hillary clinton. that contradicted a statement he helped put together last year. president trump said the meeting was totally legal, but he did not know anything about it. another challenge from italy's deputy premier luis tamayo. it will be fine of italy can finances program for a hot packs,

i'm matt miller in berlin, alongside guy johnson in london.ean markets are half of the percent right now. there are some stocks in the positive side of the ledger. pandora bouncing back. i will take you to the bottom of the market and show you what is going on because there are plenty of things we are focusing on. let's shift our attention to the stocks trading in the red. isre is trading -- bayer trading down this morning. with all the turbulence around turkey, it is interesting it is a single stock story relating to monsanto that is leading the charts. agenda go trading down. france trading low. down by 20% this morning. buba trading down. there are obvious lines he can draw between turkey. that continues to be priced in. was plenty of things to talk about then, and we continue with those themes this morning. . want to take you to stw these are the factors to watch. these of the currents moving the markets. these stocks have an effect on big portfolios. what is not working and what is working? one is profitability. by vaccines to be working.

i am matt miller in london. stock stories, 20 minutes into the session -- >> pandora stock jumping on news the ceo is stepping down, after pandora cut its profit forecast earlier this week and lost almost a quarter of its value. because of that, the stock earlier was jumping as much as 10.5%, the most since may 2016. shares at the moment below when the ceo joined. the search is underway for a new chief executive officer. a gift thatp is keeps on giving. adidas sold a record number of jerseys, even though the national team it sponsored lost out to those sponsored by nike. second quarter profit beat. adidas moving higher. on the downside, a hot summer, airline disruptions, weighing on profit. matt? matt: thanks very much for that. by the way, kokou, do you know why adidas is called adidas? kokou: i think i'm about to know. [laughter] matt: the world cup is where adidas started. inventeddolf dassler the removable cleat for the german team so they could play in different grass, different feel positions. they won the

he seems poorly prepared to take on those realities. >> matt miller, you were watching our interviewke allen, where there was some speculation over whether or not bob mueller might come out with something today and whether he might do so before the midterm elections. you said, mccain's funeral services, the honoring of john mccain through the weekend, does not factor into bob mueller's decisions here? >> yeah, i think that's right. if he has something ready to go, and remember, his grand jury in d.c. does meet on friday. so if the grand jury meets today and returns an indictment, he won't care about the funeral. and i also think a lot of people have misinterpreted this 60-day rule, which even calling it a rule misinterprets it. it's a norm, it's an unwritten rule at the justice department, that you don't do anything that would interfere if an election. take for example, someone like rodger stone. roger stone is not on the ballot anywhere. if mueller has an indictment ready to go october 1st against roger stone, he may decide to hold off for the election, but there's no reason he has

the chief executive spoke to bloomberg's matt miller. >> we looked at options for massive drilling andlieve this would create the most value for shareholders. there are many great companies in the drilling sector, but not a lot of companies with strong balance sheets. all the other possible transactions involved some kind of merger which effectively, we would probably end up having more exposure. we think this is a good solution and it will allow our shareholders to remain invested and we will do well in the coming years. matt: and it allows you to stay focused on the shipping business. what does this mean for the drilling unit? there are 4000 employees and culturally to you. how is the outlook for drilling? >> i think the colleagues in massive drilling will take comfort in the fact that they will have the main shareholder they have today. own 40%er holding will of the company and they make commitments to continue as a major shareholder in the company. they will remain part of the maersk family. matt: how does it affect the shipping business or your core business because they generated

. ♪ guy: we are live from our european headquarters, i am guy johnson alongside matt miller in berlin markets bouncing fallstrongly as china following a week set of data. the cash trade is less than 30 minutes away. guy: the lira bounces. the turkish currency is up over 5%. as the trading book it's handed over to eur w

we are live from london alongside matt miller in berlin. sian stocks stalled in u.s. futures are paring gains. european futures pointing to a mixed open. the cash trade is less than 30 minutes away. ♪ guy: trading on a new you -- a new deal. america and mexico make

i am guy johnson alongside matt miller. matt: great to be back. accelerating a slide after the euro breaks through the 1.15 level. chinese stocks are rallying hard. cash traded less than 30 minutes away for europe and the u.k.. guy:

is onne: our matt miller the ground for an interview coming up at 10:30 a.m. london time.e will talk consolidation and ecb and central-bank policy. a little euro strength will come up. the biggest concerns therefore investors. this is bloomberg. ♪ francine: economics, finance, and politics. this is "bloomberg surveillance ." i am francine lacqua in london. product has returned to growth this year. -- prada has returned to growth this year. their shirts feature mash-up's. bloomberg.com. british billionaire peter hargrave was one of the financial backers of brexit, now he is fuming over how the eu divorce is being handled. the gulf between north korea and secretary of state mike pompeo over denuclearization seems to be widening. rick gates testified that he helped paul manafort rake the law. breakhelped paul manafort the law. let's get to president trump's former campaign manager. yesterday, manafort's right-hand man gates said he helped him break the law. the appearance by gates who pleaded guilty and is cooperating with special counsel robert mueller. we are joined by our

we have the former chief spokesman, matt miller, and john, former prosecutor. e if i'm wrong. it seems to me, in the olden days, you didn't see quite so much detail from lawyers, right? they kept their cards a little closer to the vest. now, they're just out there in every possible way, shape, or form. are these attorneys, do you think, helping or hurting their clients, or is the jury out? >> well, it depends. usually, the cases like this is the side spending most of the time talking to the press, trying to sort of try their case in the court of public opinion rather than in court is the side that has the weaker hand. they don't have a strong handle on the facts or the law or their positions are weak. instead, they try to take their case to the public. i think rudy giuliani is doing that because he made a strategic decision that this is where the case is likely to end up, the congress, and he needs the public on his side. and the facts and law are weak. if you look across the board, there are different people in the case that have different incentives. you have

and i am guy johnson alongside matt miller in berlin. pite another fresh record for stocks, gains in asia evaporated. futures are pointing to a andtive open in europe across the pond. the cash trade is less than 30 minutes away. down under,

i am guy johnson alongside matt miller in berlin. lot happening in asset prices, with the exception of asian markets. a mixed trade, but big arrows. the cash trade is less than 30 minutes away. guy: china's currency heads for eight weeks of decline, its longest

i am guy johnson alongside matt miller in berlin. is a slight red streak across the board for equities especially in asia as the dollar falls for the first time in six days. the cash trade is less than 30 minutes away. guy: a sleuth of

matt miller in berlin. matt: i'm here on a regular workday.cks gaining today in a big way and hong kong and china. london has closed for holiday, but the other european markets are going to open and they are going to trade. hard-working markets on a monday, set to open higher. cash trade starts in just about 30 minutes time.

i'm alongside matt miller in frankfurt. cash trade is 30 minutes away. matt: indeed.have shown gains. a little bit of mixed trade. we will see how we open in europe. >> germany's second

msnbc justice and security analyst matt miller, former justice department chief spokesman and msnbc politicalyler, former spokesman for newt gingrich and ted cruz and all around good guy. thank you very much, rick. i mean, want to talk to you about the polls also. you are the polling maven here. what is happening with the republican base? first, barbara, how can the justice department continue to operate this way when jeff sessions is under not only constant attack but now you see the first cracks in the republican senate support for him. other than senator cornyn and some of the others, you have grassley and lindsey graham now saying, well, you know, we could hold hearings and replace him and maybe his time is limited. >> the relationship between president trump and attorney general sessions is really unusual. but many of us, former doj employees were actually cheering attorney general sessions for finally defending the department because we see it not as just a battle between the president and the attorney general. but between the president and all of the people who work for the department