from berlin, i'm matt miller with annmarie quarter and in london. breaking news on the european summit. it looks like, according to an official telling bloomberg, eu hardliners are ready to accept 390 billion euros in grants. there had been a dispute about the amount of grants in the package. el wanted 500 billion, but the hardliners were said to be pushing for as little as 350 billion. grants ase amount in opposed to loans that countries like italy, that stricken, would have to pay back. bloomberg eulling hardliners are ready to accept 390 million euros in grants so a deal can be done. a mixed picture for stocks amid a spread in coronavirus cases. infections hit a daily record as a u.s. congresswoman calls florida's outbreak out of control. underways in getting in europe. we will see how the pandemic impacted phillips when we get their earnings and we had to zurich as there is a big week for the banks. let me just tell you quickly that we have phillips earnings, second quarter revenue four point 4 billion euros across the bloomberg, the estimate wa

i am matt miller. "bloomberg daybreak: europe," and these are today's top stories from the bloomberg terminal. nonfarm payroll surprise to the upside. the continuing jobless claims show labor market weakness persists. asian stocks nonetheless are higher and u.s. equities will not trade today ahead of the fourth of july holiday tomorrow. the spread of the coronavirus accelerates in the americas with u.s. cases jumping the most in almost eight weeks. anthony fauci says a new mutation could speed the spread. boris johnson will ask citizens to act responsibly as pubs and restaurants in england reopened. the nation will use quarantine rules from some european countries including right here in germany. take a look ahead of the european market open at some of the risk indicators we want for direction. s&p futures currently down right now. this after we saw the s&p itself and other u.s. equity indexes gain yesterday on the nonfarm payrolls numbers. you can see that gold is little changed at 17.75, but gold is

matt miller, you mentioned it. i want to play you that line of questioning from congressman swalwell. we'll talk about it on the other side. >> at your confirmation hearing, you were asked, do you believe a president could lawfully issue a pardon in exchange for the recipient's promise to not incriminate them. you said -- >> not to what? >> that would be a crime. you were asked, could a president issue a pardon in exchange for the recipient's promise not to incriminate them. you responded, no, that would be a crime. >> yes, i said that. >> you didn't say it would be wrong or unlawful. you said it would be a crime. when you said that, that a president swapping a pardon to silence a witness would be a crime, you were promising the american people that if you saw that you would do something about that. is that right? >> that's right. >> now mr. barr, are you investigating donald trump for commuting the prison sentence of his longtime friend and political adviser roger stone? >> no. >> why not? >> why should i? matt mi

there was one other issue that came up during this, and we probably have 30 seconds left, matt miller, if he doesn't start, which is he seems to defer on a couple of issues. he says he never sees the president's tweets. he seemed to be unfamiliar with ketamine. >> yeah. that was a very odd exchange where he said he wasn't aware of the president's tweets, specifically it was a reference to a tweet that the president said roger stone had guts in not turning against him. that was a rare thing for two reasons. number one, barr has said that the president's tweets make it difficult for him to do his job. but number two, that showed up in the mueller report, which the attorney general has presumably read. you expect the attorney general to be familiar with the facts of that report with the facts that the department uncovered in its investigation of the president. that was a very important part of the report examining whether the president had obstructed justice. so the attorney general coming to congress and claiming he's not aware of that tweet, you know, maybe he just doesn't remember it,

matt miller in berlin. matt: good morning. the markets stay focused on the positive.in the green with risk assets back and demand ahead of today's u.s. jobs data. the cash trade is just an hour away. here are your top headlines from the bloomberg terminal. pause the oni

i am anna edwards alongside matt miller in berlin. matt: today, the markets say it is a deal. billion euro coronavirus recovery package after more than four days of tense negotiations. european futures point two gains at the open. the cash trade is less than one hour away. anna? what wet's linger on heard from ubs this morning. my colleague, manus cranny, spoke to the ceo of ubs, sergio ermotti. numbers coming in better than expected. there is even talk of a share back. well, andrformed very asset gathering businesses were very engaged with clients and i think that is, you know, during of course, there was a mix seeing the fruits of our investment and technology being front to back. also the value of -- was very important, so on that side, i would say that the effects to business, rates, and credit business were very strong, more than 100% up year on year in equities, in

i am anna edwards live in london alongside matt miller in berlin. ets say, do i smell fear as stocks and futures slide. near nine-year highs, the nasdaq rumbles overnight after trading at its highest relative to the s&p for 20 years. the cash trade is narrowing.

i'm annmarie hordern alongside matt miller. european banks, relatively unchanged. are going to ask european banks to forgo their dividends the rest of the year. lvmh under a lot of pressure this morning, down more than 3%. this is likely weighing on the index. sales slumped 38%, but beat the 42% slump analysts were expecting. many say this is the worst quarter for luxury and niklas is higher thisot morning as they decided to stick to their outlook despite the drag from the pandemic. i want to bring steve brice back and the conversation. this morning, autos are really breathing a sigh of relief. oomfot is giving a little to the auto space. when will they start coming back? you look at auto producers, they have started coming back. they've just been underperforming other areas of the market so from our perspective, we see significant andess in controlling covid people projecting we have a vaccine in place that is widely distributed or will be widely distributed in inner term, then it is difficult to project .utperformance to the sectors you are seeing in the airline

took bill barr to make jeff sessions look like a good trump-era attorney general for following as matt miller it is notable when you go back to the sessions' era just how far that building has fallen under bill barr. >> well, i mean, i think at least you could argue that jeff sessions had a respect for the department that clearly bill barr does not. i'll be interested -- i would not ordinarily be up late at night watching a republican primary in alabama but i will be watching tonight because i'm also interested whether his opponent tuberville wins tonight or not and seeing the margin the show us what the split is within the republican party in terms of trump allies versus others and i think that that will show us what can happen in these red states going forward in november. they're going to be the kind of enthusiasm to vote for the trump guy versus jeff sessions and so i look at sessions as a kind of a study in what the lengths that you would have to go in order to get the support of this president and clearly sessions did not go far enough because he didn't protect the president in the way

i am anna edwards in london alongside matt miller in berlin. he markets say feel the animal spirits. european futures .2 gains as the relentless surge in chinese -- point two gains. the cash trading is just one hour away. here are your top headlines from the bloomberg terminal. global verona virus cases --

i am anna edwards in london alongside matt miller in berlin. rkets say start how you me to go on. equities begin the week on a tear with the csi up more than 5%. european futures pointing to big gains on the continent. the cash trading is just one hour away. here are your top headlines from the bloomberg. coronavis

i am anna edwards live in london alongside matt miller. >> today the markets so don't think about itocks shaking off a wall of earnings. ? e dark clouds on the horizon the cash trade is an hour away. but no -- now the terminal, beijin

emily horton and matt miller spoke with the ceo of astrazeneca.a listen to what he had to say. almost 10,000 volunteers in the u.k.. and we are working our way to vaccinating 5000 volunteers in brazil. we might make that study bigger. and we will run with [indiscernible] emily: good morning. you said you don't want to make a profit. you don't plan on making a profit from the vaccine during the pandemic. what about when the pandemic is over? what are the pricing plans going to be? mr. soriot: our focus right now is to deliver this vaccine and a deal with the pandemic. do it isn we want to that we thought this is clearly an example of a disease that we have to tackle globally. everybody has to be vaccinated and protected. and we want to bring the vaccine to as many people as possible around the world. the vaccine is very expensive. have 2 billion doses of capacity. gone,en the pandemic is the needs for the vaccine will be delayed and we will have to look at how we manage it. but right now we are focused solely on the pandemic. matt: so you don't hav

we go to matt miller. go ahead. as for question. >> thank you for taking the time to talk to us today. i am the second miller in a long line. i was wondering if you can answer question my mom and i were discussing, which is if you could talk about supreme court decision that had an effect on society that was underestimated or underappreciated? >> the problem is we don't know. it's like history itself. things happen. is write a decision and it later events that will tell you. i'm sorry not to be able to give you an answer to that. i doubt. we don't know. obviously the abortion decisions were important had an effect. obviously the decision not to was into gerrymandering important, and probably had an effect. effect -- v gore had an effect. you see the next nation every day of why the stock market the day before was up or down. what happens is people find an expedition afterwards -- an explanation afterwards. quite a lot is true of the decisions the supreme court makes. school,ave been the law you will read about one ca

i am anna edwards live in london alongside matt miller in berlin. tt: today the markets say, do i smell fear as stocks and futures slide. near nine-year highs, the nasdaq rumbles overnight after trading at its highest relative to the s&p for 20 years. the cash trade is narrowing. , stocks andcovery futures sliding after unexpected uptick in u.s. jobless claims. delay to the stimulus plan means one thing for markets. this may get worse. , china to the u.s. to close its consulate in chen u du. mike pompeo calls the chinese president a true believer into italian -- totalitarian ideology. delay, thisuction follows big drops in microsoft earnings despite solid results. we are an hour from cash equity trading. you can look at drops of more than 1% across-the-board in european futures. you have got you are -- got u.s. teachers that continue to fall after the slump we saw yesterday. anna: we have got numbers from vodafone out this morning. let's get to that. 21 organic services revenue, this is the bread and butter of what they do. down, but the estimate was

i am anna edwards in london alongside matt miller in berlin. matt: today, the markets say feel the animal spirits. european futures .2 gains as the relentless surge in chinese -- point two gains. the cash trading is just one hour away. here are your top headlines from the bloomberg terminal. global verona virus cases -- coronavirus cases top 12 million. vice president pence says schools should reopen. raphael bostic warrants about the hit to consumer sentiment. stock market frenzy pushes the shanghai composite to its highest level since 2008. that's after mega cap tech took the nasdaq to another record overnight in the u.s. recovervenue begins to from the pandemic fuel slowdown as your -- europe's technology company sees a bounceback and software deals throughout asia. just under one hour away from the start of cash equity trading in europe. let's take a look at where futures are pointing us right now. ftse futures up about .6%. take a look at u.s. futures. they have been down though only slightly. anna, what have you got? anna: let's have a loo

. >> so as we wait for him to start maybe in just a few seconds, matt miller, what is the question you would like to ask the attorney general? >> there is still a question that i think needs to be asked about the removal of the u.s. attorney for the southern district of new york. the story that barr has tried to spin is that he just found another candidate to take that job. so they wanted to get jeffrey berman out of that job. but of course that's a process that takes several months. there is no reason that berman couldn't be left in that job until clayton was confirmed. the answer the attorney general tells basically it doesn't make any sense. i think it's always looked like he was trying to get berman out of that office and put an acting official in. we don't know what the underlying reason was. we don't know if it was a specific case he wanted to impact or if it was general unhappiness with the way berman was managing that office in relation to a larger number of cases. but i would like to hear more delving into the attorney general's explanations for that firing, including why he l

matt miller in berlin. matt: good morning. the markets stay focused on the positive.urope looks set to open in the green with risk assets back and demand ahead of today's u.s. jobs data. the cash trade is just an hour away. here are your top headlines from the bloomberg terminal. pause the reopening. california and new york become the latest states to backtrack on plans to return to normal as daily virus cases in the u.s. top 50,000 for the first time. optimism takes hold of markets again. asian equities and futures gain after positive vaccine developments and strong u.s. manufacturing data. the u.k. offers a home to hong kong citizens after china's crackdown on pro-democracy protesters. the u.s. house of representatives passes of fresh sanctions bill against china. we are under an hour away from the start of cash equity trading in europe. let's take a look at futures right now. we see gains across the board after the drops in the cash trade we saw yesterday. a mixed picture in the u.s.. but the futures up two thirds of 1%. dax futures gaining 8/10 of 1%. u.s. futures

i am anna edwards in london alongside matt miller in berlin. matt: today, the markets say start how you me to go on. equities begin the week on a tear with the csi up more than 5%. european futures pointing to big gains on the continent. the cash trading is just one hour away. here are your top headlines from the bloomberg. coronavirus infections hit a global one day record over the weekend. expects a deeper contraction in the u.s. as the infection rate stateside rises to 2%, but equities prove immune to the bad news with chinese stocks leading gains. wall street is playing catch-up after friday's independence day holiday. vacuum.the power commerce bank looks to fill its top jobs as soon as possible in a bid to end shareholder revolt led by activists investor cerberus. germangetting right now factory orders up 10.4 percent. sounds like a big number, but of course, it's from a low base and it misses the survey by a lot. the surveyed factory order, the expectations for factory orders soth over month were 15.4% we only got 10 point 4%. much better

i am anna edwards live in london alongside matt miller. >> today the markets so don't think about itoo hard, global stocks shaking off a wall of earnings. ? e dark clouds on the horizon the cash trade is an hour away. but no -- now the terminal, beijing state tv cuts off the english premier league along with a spat with the u.k., all reports prius -- president xi jinping could close the u.s. consulate in showing do. tension and political -- mitch mcconnell good unveil a gop plan opening up discussions with immigrants. cost cuts assifies it sees a considerable slump in economic output. -- confirms its diagnostics unit. units from unilever coming from across the wire. what are you seeing? anna: we got the numbers from unilever. let's get to the story in london. unilever with underlying sales, down .3%, but better than the market anticipated. the estimate was for a drop. 3.89%. that is a good number for the underlying sales story. they were telling us about what they plan for their tea business. they talked about moving it on in some way. now with a that will hold -- they will hold on t

i am matt miller from berlin. the cash trade is one hour away. let's get your top headlines for you off the bloomberg terminal. the spread of the coronavirus accelerates in the americas with u.s. cases jumping the most in almost eight weeks. meanwhile, in england, pubs and restaurants reopen on saturday after months of lockdown. nonfarm payrolls surprised to the upside but continuing jobless claims show maybe market weakness persists. however, asian stocks are higher . u.s. equities of course will not trade on this fourth of july holiday. today is the third of july but this is the holiday, the bank holiday, as you would say, for tomorrow's independence day celebration. and case closed. thean lawmakers end nation's illegal standoff with the bank voting to accept that the qe measures taken were proportionate. western one hour away now from the start of cash equity trading in europe. let's take a look at how futures are shaping up. we had a mixed picture earlier. now, we are looking at green arrows for the most part in terms of european futures. act

attorney and chairwoman of new york city's civilian complaint review board, and matt miller, former assistant toer ri er rii. an all-star cast. a lot of criticism, garrett haake, of the democratic questioning being nonwe wenot w organized. >> reporter: these hearings tend to generate more heat than light. this is not how you get in-depth oversight. in a five-minute increment you get maybe one or two questions answered or an opportunity to make your point. and no committee in either house of congress, no matter who is in charge of it at any given time, this is not a partisan statement, is more political than the judiciary committee. it's just the way that congress works. so you do see more of an emphasis being placed sometimes on making points than on eliciting information. to that end we've seen a focus on the democratic side, it's been somewhat scattered, going across a number of different issues. on the republican side, the focus is pretty clear here, it's showing what -- in the way they paint it, as though antifa is out burning down every american city and that that is probably the largest

matt: matt miller in berlin. you expect to see more situations like we are seeing between the u.k.en also has a 10-day quarantine on people coming back from spain. does that mean you'll be reducing flights because you've ramped up pretty quickly? jozsef: that's correct. last week we were operating 77% of capacity of last year versus the industry's recovery of 40% so we done much better than the thestry, but the issue is situation can change up or down. i think this is required from businesses like ours. you need to take note of those changes and you need to keep shifting capacity in accordance with demand. a few months ago, some countries were locked down now they are doing well, the u.k. included and some countries that did well a few months ago are now struggling because of the pandemic situation. shifting andeep businesses have to react to that and adjust accordingly up or down. your schedule is pretty robust but what about the passenger levels? your load factor in june was about 53%. without improvement impassioned -- passenger levels, can you turn a profit on the year? jozsef:

. >> for more now i'm joined by matt maley, managing director at miller tayback what's interesting here, matt, is loretta mester had her comments after raphael bostick there's problems brewing >> no question similar to what we saw in january and february i don't think we'll see a 35% pull back in the stock market but people were ignoring the pickup in the coronavirus back then and they're doing the same thing now. the problem is people are so convinced that the fed's going to push the stock market higher because of the liquidity, and i think there's a good chance that all they really want to do is provide a safety net below the market let's face it, for the first five or six years following the financial crisis, their goal was to push the market higher to help the economy because the market was very, very low. they didn't have to worry about creating a bubble. now with the stock market at all-time highs, if they push it a whole lot higher, it's going to create an even bigger bubble and cause bigger problems down the road some of the warnings they're telling us is they're doing things di

matt schlapp, chairman of that conservative union. also judith millerlitzer prize-winning journalist, and a fox news contributor. good morning to both of you. no matter how you look at it, you have the critics of the president to say that that speech at mount rushmore went further to divide the country. at that you have supporters in the president saying in many cases it was the best speech of his presidency. does this show us just how divided the country is and going further? >> the country is divided and the difference today, you have a division amongst republicans and democrats. the democratic party is now fully embracing socialism and the core of that party has become quite radicalized. president trump is doubling down on the cultural war and the president is simply standing up for rule of law. that is resulting in the death of young black children and many others in so many shootings. that's what he put into words in front of mount rushmore. when they say they are going to attack takedown statues of and mary, and he is responding to this radicalism