another story making the news here in the uk: ministers have given their approval to rupert murdoch'sbid to take control of the broadcaster sky. his company, 21st century fox, has agreed to sell sky news to address concerns about his influence over the uk media. the us... between time warner and at&t. and it's the deadliest natural disasters since the 2011 tsunami. we find out how long it will take for japan to recover from the latest floods. good morning, asia. hello, world. it's friday, almost the weekend, glad you could join us for another action packed edition of asia business report, i'm rico hizon. it's a merger that could shake up the us media industry for yea rs shake up the us media industry for years to come. 0n talking about telecommunications giant at&t buying up telecommunications giant at&t buying up time warner for 80 billion us dollars, but the us government has decided to appeal this landmark court ruling. —— i'm talking. paul blake has been following this from new york. these are two of the biggest media companies and firms in the us. they just biggest media companie

the story,said in rupert murdoch is laughing all the way to the bank.etails you had about the meeting of the minds between murdoch and eiger. you were at sun valley where there was a lot of this happening behind the scenes. >> this came down to eight relationship between rupert murdoch and bob iger. it was interesting to know who was hanging out with you. went and had breakfast with rupert murdoch a prominent table on the first day. that is a bold move. alix: can we glean anything from the fact that bob iger said, you let me have fox and you can take sky? you can rebid. is that the horse trading that went on? not allowed to talk to comcast as part of the agreement. maintains his agreement did not allow him to do that. if you're rupert murdoch, that might have driven down the price. you do not want that. talk that disney may let them have it but there's nothing to stop disney to make its own offer first guy. bob -- for sky. bob iger did say he thought it was the crown jewel. i do not know if he is going to go away so easily. jason: your life gets busier

your move, murdoch very the u.k.as removed the last regulatory hurdle in the fox case for sky, but the bidding wars far from over. comcast made a $34 billion play for britain's biggest a fivester, representing point 4% premium to the fox offer. here to tell us what the next move might be is our bloomberg the -- bloomberg deals reporter at the funds rally complex, where the showdown has become potentially the main event. what's next? these are really only opening bids, it seems. >> that's right, it's the saga that keeps on giving. it really has been the main event and you wonder to what extent the attendees are getting sick of talking about it. interestingly, brian roberts of comcast was speaking to the press this morning. his message was -- guys, fight something else -- find something else to write about. he was upping his bid last night for the sky assets. precipitating more and more news flow around this. vonnie: what is the consensus about what kind of price should be paid for the assets? is all well or him to say

its offer to oust rival twenty first century fox which upped the stakes just hours earlier rupert murdoch's fox already owns part of sky but hopes to take control of the entire company comcast is also a boiled in a takeover battle with disney for fox entertainment assets that are being split off from murdoch's empire. the dreams of global bike sharing startup have turned into a nightmare it's filed for bankruptcy in singapore and left tens of thousands of bicycles apparently stranded the company says it still wants to continue doing business but problems with its app means many of the bikes comp be located. that's it for you all the business update i'll be back with even more in the next hour thank you for joining us. on. the. half. more intrigued international talk show for journalists discuss the topic of the week clearly have two dishes in mind nato allies spent on more open display than it this year summit in brussels could front of the fire from president trying to defeat one of the strongest military alliances in history join us for this week's coming up. next on d w. climate change.

and other murdoch paper the sun what did you make of this with his fury as u.n. expert on extreme poverty problems britain over claims its territory has ravaged the country will it stand it he has and is continuing to ravage the country it's been eight years of hard core and people are dying and i know that sounds. of blowing things out of proportion but people are dying because of the governments is there. policies which is directly related to providing health care for all and as we're seeing with the n.h.s. the seventieth birthday in two days' time people who are the sharp end of the knife who don't have as access to health care are dying because of their being left in lines in hospital the other hand we're not as bad as germs americans are breeding children from the parents so we got this story from the good you got in u.k. immigration authorities separating children from parents there's been a no of outrage quite rightly because of the children being locked in his in america and being separated from their families from britain but we've got to stop wagging fi

move is on murdoch and in.r ceo's settle first to our top story. china tones down its trade amid hints china and u.s. trade officials maybe talkg to figure out to again. additional tariffs could go into weeks.in a few is the biggest tech impact? >> it's semiconductors and telecom equipment. challenges for lot of tech companies, tech hardware is completely entwined with china. some of the subcomponents like metals, things that go into pieces way down the chain. so hard to extract that for all these companies. even though we haven't seen the tariffs on phones and typical products you be concerned with, those components are purchased by everybody. all hardware companies are taking a bit of a hit if these to kick in. >> we haven't fully figured out the impact of the trade tariff drama. we've been operating from an assembly standpoint in china for so long. been such an efficient gizmos. meet technology giz chip making industry expanded. made in the united states anymore. extricate yourself to penalize a company for operating china, it's a very dangerous

also in the programme — rupert murdoch's 21st century fox raises it's bid to take full control of europeanv giant sky as it tries to turn off a rival bid from comcast. finding yourfashion. do you want the latest clothes from the catwalk but don't know where to look? we'll speak to the woman whose website it helping smaller labels reach bigger audiences. and as retailers celebrate their own world cup bonanza, today we want to know — what are you spending more on as you celebrate your team s progress in the world cup? let us know — just use #bbcbizlive. hello and welcome to business live. the united states has stepped up it's trade war with china with plans for tariffs on another $200 billion worth of chinese goods. it says its taking the action because china retaliated against the tariffs that washington began imposing last week. president trump ordered those because of what he says is china's intellectual property theft and unfair trade practices. the new import tariffs of 10% could come into force as early as september after a window for public comments closes. more than 6,000 products ar

the next move is up to rupert murdoch.ll have to decide whether to increase fox's takeover bid comcast hasthat topped its original bid with a $34 billion offer. it's the latest move in international m&a fight. both wantd disney fox's entertainment assets. appear to be encouraged by the departure of papa john's founder and chairman john schnatter. shares are higher today. he resigned yesterday over his use of a racist slur. his resignation comes in months after he left his ceo role for critical comments about the nfl's national anthem protests. that is your latest bloomberg business flash. mark: we are four minutes and six seconds from the end of the thursday session. stocks rising in europe today. getting for the seventh day after the big drug yesterday. the concern yesterday was trade. speculation that talks between the u.s. and china will be forthcoming. check out the currency board today. the big political event today with the release of the white brexit paper. this is bloomberg. ♪ mark: i'm mark barton. this is what ha

rupert murdoch is a supporter of trump. this is what he had to say about what is happening to britain and europe. pres. trump: i think the immigration, allowing the immigration to take place in europe is a shame. i think it changed the fabric of europe. unless you act very quickly, it is never going to be what it was. i don't mean that in a positive way. amy: "and i don't mean that in a positive way," said trump, that immigration is changing the fabric of europea. sh, if you could respond? >> you know what? immigration has tremendously change the fabric of this country. immigration is what built our nhs, when britain invited people from the commonwealth, from nations that had formerly colonized, in order to rebuild this country after the ravages of the second world war. without immigration, we would not have the national health service. we would not have a functioning civil service, social and health care service. we would not have teachers. we would not have bus drivers. we would not have lawyers. we would not have all of

twenty-first century fox's rubt murdoch and james murdoch the center of attention, along with disney'scomcast brian roberts. merger battle between the three titans has entered a new phase. twenty-first century fox parent company of fox business upping offer to buy europe's sky, tops a previous bid by comcast of $30 billion. this fight is playing out on the side lines of grudge match for twenty-first century fox's entertainment assets. disney wants them, the ball completely at least for that part of it in comcast court or not? charlie gasparino. i want to start with at&t, this is fascinating, you're hearing government's aversion to the media, though it's gone through? reporter: well, let's be clear, the judge leon of the federal court, richard leon blocked the government's attempt to break it up, to not make it happen. since then the at&t board approved it and closed the deal, but that doesn't mean the government can't appeal the ruling. it has 60 days from june twelfth from when the ruling came down. from our sources at fox business, d.o.j.'s antitrust division have privately decided t

, rupert murdoch, who owns the sun, it gets into the water supply. it back a little bit. he doesn't deny it. he said the sun was fake news but then he said, well, actually, it was mostly fine, it was generally fine. they reported what i said. yes, it was correct. he didn't demure from what he said about boris johnson being a great prime minister and he didn't demure from these extreme views, perhaps not extreme in america but certainly extreme form british and european ears about immigration being bad and weakening the culture of europe. —— extreme for. very alt—right views. the culture of europe. —— extreme for. very alt-right views. let's look at the sun. we have mentioned ita look at the sun. we have mentioned it a couple of times. after that bombshell interview, their own, it has to be said, fake schmooze. trump praises theresa may but doesn't backtrack over brexit, terror and auras. it prevails upon the person who is criticising to be very decent about it and not take offence, because that would be churlish. absolutely. i think that for all dona

and all cash offer to rupert murdoch versus the cash and stock offer.could play an element in terms of decision-making. if -- this could be the trump-like bid. favoredt murdoch has the offer from disney for fox because of that stock aliment as you pointed out. it will be interesting to see if comcast comes back and changes the composition of its bid and makes it more attract. -- attractive. for being withu us there. our media reporter on the battle fox agreeing to buy sky for an increased offer of 14 pounds a share. on the trade story from china. when we look at one of the conversations anna and i have forliterally every day now the past three months, we talk about the yuan, the onshore and offshore yuan is being challenged. everything -- everyone we have spoken to say they will not weaponize the yuan. that is an extreme scenario. would you agree that they do not a rerun ofe 2015-2016 weaponize and the yuan? guest: we agree. we do not think they will want to go back to that painful experience. capital controls are more effective but they are not 100% wo

bigger bid from 21st century fox, sky is a wider contest between disney and comcast to take over the murdochedia empire, selling to assets to disney, comcast weighing another counter offer for the fox portfolio, 15 pounds and three. sky shares, too early to say the developing nation assets, fdi likely to fall a further 10% by the end of the year, according to mark, who has a reputation for being optimistic on the asset classes. the gauges lower today, the u.s. escalating the trade war. china down 16%. the trade dispute could get worse, markets are in "uncharted" waters. on the matter of emerging markets. running outhe yuan, of steam against the dollar as the trade war between the biggest economies weighing on global growth, according to the most accurate forecasts, gaining 2.2% against the dollar this month. any further advance should be seen as a dollar buying , according to a bank topping the latest ranking on the bloomberg. willouth african currency end of the quarter at 14.20, i slide from 16% -- a slide from 6%, amid the selloff in emerging-market assets. a record pace. inminutes into t

offer from walt disney for the bulk of rupert murdoch's empire. u.s., the trump administration has pushed ahead impose over 200 billion in tariffs. the chinese ministry has called the move unacceptable and says they will forced to retaliate. they did not give details of what measures are planned. u.k., eurosceptic conservatives are considering a radical last-ditch move that could bring down the minority government. ,ccording to senior tories brexiteers who want a more decisive splits have only one choice. two votes down the final withdrawal agreement. may want to keep britain in a closed trading partnership with the eu, despite the resignation of two cabinet ministers in protest. government sees oil production climbing next year, even admit transportation logjams and the most prolific shale play. they expect american crude output to average 11.8 million barrels a day, up from 11.76 barrels a day in the june outlook. this forecast would make the u.s. the world's leading crude producer. ofestors have pulled a total $580 million from bond funds in th

comes after this extraordinary interview, i have it right here in a british tabloid owned by rupert murdoch. the president criticized the way she is trying to remove europe from the -- england from the european union. and then saying boris johnson would be a great prime minister. he said that england is losing it's culture. reminiscent of words we have heard before historically speaking. some of them taking place at this moment, let's begin our coverage with kaitlan collins. kait? >> i can't under state what this interview is like and the effect it is halling here in london. you just don't do something like this where you go to a country where you're being hosted by the prime minister and completely under cut her with a stunning interview that dropped last night that the white house thought would be published after their meeting. the president criticizing her plan for brexit saying she didn't listen to his advice. doing that and praising her rival, boris johnson who resigned from the cabinet this week. several stunning remarks. also the one about the u.s. and u.k. trade deal and thousands c

we will talk more about rupert murdoch's position in the media business.ise from the other executives in sun valley, at least one of the other executives that on valley. that is your business lash update. lisa: coming up in your deals report, we will hear from our exclusive interview today with platform specialty products chair martin franklin. the company just agreed to sell $14.3 its units for fou billion in cash. you can also follow our charts on the bloomberg and become part of the conversation. if you want to see dartmouth college professor danny blanchflower talking about donald trumps comments on the federal reserve, you can go to that and interact with us directly. from new york, this is bloomberg. ♪ ♪ two, down and back up. our phones are more than just phones. they are pocket sized personal trainers... last minute gift finders... siri: destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which could save you hunreds of dollars a year. plus get $150 when

win fox chairma rupert murdoch an comcast ceo brian roberts both here.er to sky to top comcast's bid and comcast is expected to counter quickly. we asked murdoch if this could spark a bidding war? >> how high are you willing to go for sky?s >> tha it. >> that's it? not higher? >> we will see. >> the battl f for and sky imd the completion of at&t's acquisition of warner are expected to kick off the next wave of deals and the growing valuations of fox and sky speak to the growing value of premium content companies and thef scarcity acquisition target. >> there is an expectation that there's going to be more m and a terms the board just in of the media landscape. there have been a lot of deals that have happened a there's a lot of deals in process and there's only a limited amount of beach frontperty out there and when you think about what you're seeing in terms of some of the bleding cand the things happening today, the companies are trying to stay with thers consumend stay with scale. >> who are potential buyers? barry dillard, o chairmanf iac is reported

the government has given approval for rupert murdoch's bid to take complete control of the broadcasterky news to address concerns about the extent of his influence over the uk media. fox is locked in a multi—billion pound bidding war with the us cable giant comcast for control of the broadcaster. the labour mp jarrod the labour mpjarrod oman, suspended over alleged misogynistic and homophobic comments, has resigned from the party. he was reinstated on tuesday and given a warning but he said the investigation wasn't there. in an open letter to his constituency said he would remain an mp and ask for understanding and sympathy. one of the british divers who helped find 12 boys trapped in a cave for more than two weeks in northern thailand has been speaking publicly about his part in the remarkable rescue mission. john volanthen, who helped lead them out, said it was a huge relief the boys had all been brought out alive. our correspondentjon kay has the details. quietly, modestly, with all his diving gearjohn volanthen returned to britain. praised by strangers. we were pleased it worked ou

ahead of and the results that lifesaving multinational company results at the end of the month this murdoch story from the times. drug companies win test case on overcharging they wanted legal victory against price rises and so drug companies pharmaceutical companies are not known to be bastions of human rights and equality they call west human rights track record that all of the arms save lives truly they save lives i mean it sounds lovely providing medication but actually we know that the prices they rise have a zero on the drugs have a direct consequence on people who can't get access to the millions of people of course well don't have access to medication simply because they were raise the price on the drugs which the drug companies say they need to burn d.v.d. on this specific case and this is jerry hundreds of millions government that are attacking pfizer the basically have a and he controls and epilepsy and they rule the did a deal with lymphoma raising the drug grows from two pounds eighty three to sixty seven pounds fifty costing the l.h.s. up to fifty million extra year i'm sure t

we know that murdoch speaks with trump all the time.link to the white house through former fox news executive bill shine. a few weeks ago, shine was basically unemployed. but now he's the deputy chief of staff for communications. and he's on the list for the helsinki summit. but his new role is deserving of scrutiny. shine was forced to resign from fox news last year amid allegations that he covered up sexual harassment by his boss roger ailes. shine has denied the allegations. but his appointment at the white house has been met with criticism from both sides of the aisle. michelle goldberg handwriting about that. she's an op-ed columnist for "the new york times" who covers politics, gender, religion, and ideology. the title of your column, michelle, kind of says it all. we can put it on screen. you said it's all about lying back and taking it, america. you're saying that's what the trump white house expects us to do? >> this is so shocking. and i actually think that even five months ago, i don't think that trump could have gotten away

road because they have been concerns the deal would hand too much control over the uk media to the murdoch up by the fa ct has probably been cleared up by the fact that there is kind of a secondary bidding war going on for fox itself, so disney and comcast are battling out for vokes. disney currently in full position on that one and it looks like because sky news will ultimately cede to disney, that will be less of a consent of the uk regulators, so all eyes expecting the deal to be waved through, with that concession sky moves through, with that concession sky m oves a cross through, with that concession sky moves across “— through, with that concession sky moves across —— sky news moves to disney's control whatever happens. you mention the surprising amount of money the rival bidders are prepared to pay for sky. it would seem in the short—term the real winners are the shareholders. what sort of profits could be looking at? they are huge winners, if you look at the share price before the bidding war started, before the bidding war started, before the bidding war started, it was £7 70, tod

the government has given approval for rupert murdoch's bid to take complete control of the broadcasterhe extent of his influence over the uk media. fox is locked in a multi—billion—pound bidding war with the us cable giant comcast for control of the broadcaster. now, one of the british divers who helped find 12 boys trapped in a cave for more than two weeks in northern thailand has been speaking publicly about his part in the remarkable rescue mission. john volanthen, who helped lead them out, said it was a huge relief the boys had all been brought out alive. our correspondent jon kay has the story. quietly, modestly, with all his diving gearjohn volanthen returned to britain. praised by strangers. we were pleased it worked out. but playing down what he'd done. we're not heroes. what we do is very calculating, very calm, it's quite the opposite. we take it one step at a time and, hopefully, as we've managed to in this case, we come up with a result. and what a result. how many of you? 13? brilliant. it was john who found the young footballers in the caves and then worked with many othe

we should point out the interesting thing is that fox chairman rupert murdoch, fox is 21st century fox as you know owns fox business and fox news. he's at this company conference, so is bob iger, the chief of disney, so is brian roberts and from what i understand brian roberts and bob iger aren't on great speaking terms these days, and i'll tell you liz, deal talk is rampant here, all the major ceo's are here as i reported earlier on cavuto. sin clair, there's a deal going right now to buy the tribune assets a lot of people think that could be done getting the seal of approval from the fcc as early as friday. one of the top executives of sin clair could be here as well, so they're all here. i thought i saw jack dorsey, the ceo of twitter, the tall good looking guy with a beard sitting next to me at lunch. i've been told by people close to twitter that was not him. liz: no he's not that tall i don't think so. charlie: i know how much you love him. liz: well listen we were the first network to put twitter on the air back in 2008 during our first three days in the valley coverage, so yeah

owned, rupert murdoch is the head of 21st century fox the parent of this network. and president trump said whatever the prime minister wants to do with brexit is okay with me. let us bring in labour party member who pushed for brexit during the referendum and is a member of the british parliament. welcome, do tell, how are the british absorbing first the president's interview in the sun, by the way a rupert murdoch owned paper and now his reversal during which he lavished pray on prime minister may? -- lavished praise on prime minister may? >> we have this white paper produced by the government going into great detail on how we will continue our negotiations. you know, we voted to leave over two years ago and this has taken all this time to get to this stage where we're now into details -- or will be in detailed negotiations with the eu. i think what trump said in the newspaper he probably meant. i think there would be a lot of people who voted to leave would share his concerns that perhaps if we go down in detail the way the white paper implies, it would make it e

the bbc has learnt that rupert murdoch's 21st century fox is thought unlikely to outbid the us giant. if the deal goes through, it will end the murdoch family's long and sometimes controversial pursuit for full control of sky. the government chief whip in the house of commons, julian smith, is facing calls to resign following allegations that he used underhand tactics during this week's parliamentary votes on brexit. the conservative party chairman brandon lewis has apologised after casting a vote despite an agreement that he would not take part. the agreement, known as pairing, means that mps in opposing parties can both abstain, thereby not altering the outcome. there have been reports that pressure was put on other conservative mps to vote, despite being paired, in order to deliver a narrow win for theresa may. our deputy political editor john pienaar is at westminster. what has been going on? theresa may has lost two cabinet ministers in the past fortnight over brexit and today, downing street had to fend off labour demands for two more scalps over accusations the chief whip and

its offer to oust rival twenty first century fox which up to the stakes just hours earlier rupert murdoch'sfox already owns parts of sky but hopes to take control of the entire company comcast is also embroiled in a takeover battle with disney for fox entertainment assets that are being split off from murdoch's empire. businesses are grappling with europe's migration debate germany's interior minister wants asylum seekers at the border center back but there is a catch germany is in the schengen area which means open borders allowing for the free flow of people goods and services stricter controls threaten the concept of just in time cross a border supply chains business warns millions of euros are at stake. this truck from hungary has arrived just in time the products are needed by the company. and germany's southwestern state of boston verdant panic the german company produces fans for example to be used in air conditioners showing the work with the hungry and plant makes the end product competitive supply chain delays due to new border controls would make the fans more expensive. this wil

let's remember a key player, rupert murdoch. a murdock publication that printed this piece last night as trump was here. shine along with "fox news" has shown he can't control this president like any other advisor. >> thank you very much. jonathan lemire of the "associated press." >> thanks, jonathan. >>> amid outrage over family separations at the border, the trump administration stated it has reunited 57 out of 103 migrant children under the age of five with their parents. the u.s. district judge imposed a series of deadlines for the administration to reunite nearly 3,000 children separated from their families of the 103 children under the age of five, 46 of them were acknowledged by the court to be ineligible for reunification. according to nbc news, 12 parents who have been deported remain separated from their young children. when asked if deported parent would see their kids again, this is extraordinary, officials from dhs and hhs told reporters they are under, quote, no obligation to bring people who have no lawful status

murdoch and the president like each other. murdoch wants to sell to disney.id a few times. trump wouldo which make it less likely, that makes likely, itss is a reach but it is possible. it has some credibility. comcast is keen to get a hold of sky. i would flip this back to rich. when disney does its deal it ends up earning 60% of hulu. asld disney use sky assets leverage to control all of hulu and have its own direct to consumer business? of questions and thereby taking the last one first, the one that most investors are thinking about, is there some type of horse trading ? i think it is possible. if you are comcast, you are the country.bpd in the have 100%t disney to control of hulu? right now you have blocking rights. 60% doesn't give disney full control of hulu. it puts hulu in this limbo phase . i have a hard time understanding bestt is in comcast's interest. to give disney full control and essentially incident starting from zero, when they launch a direct to consumer program last year -- next year, to give disney a 20 million subscriber head start, it w

we understand that murdoch, the owner of the sun has been close to trump. —— trump.surprise may have had a hand in brokering this scoop. —— nigel farage. this again is hours after he was holding hands going up the steps that blenheim palace last night. he knew at that point that this article was going to be published. be absolutely new. the interview was done in brussels before he even arrived in the uk —— he absolutely new. saying that boris johnson would be a great pm, migration is killing europe, terror is sadiq khan's fault. it feels like he is interfering with uk politics. others might say barack obama did the same thing. but i think it is the same thing. but i think it is the way he is doing it in terms of generating more heat than light, it does not lead to much understanding. it is more that trump is once again selling. you can bet your bottom dollar that at the end of this is that he will say i had a great visit to the uk. in this particular juncture would be brexit deal, he makes a few points, for example, and this is the guy who wrote a book about the art

could be 55-year-old rupert murdoch.s presumed to be complete and rupert murdoch having disrupted the newspaper business in australia and television business in britain. i don't see why there should only be three broadcast networks. he says i'm going to make another broadcast network. >> meantime, he will have to become an american citizen if he is to own tv stations here. something murdoch says he is willing to do. >> some people are saying it will take you 20 years to get your fox network on par with the big three. are you prepared to wait that long? >> sure, i intend to live that long, but i don't believe in the 20 years. >> the reaction to murdoch's idea of a fourth network was like ted turner starting cnn. it's ridiculous. what does he know about television? >> we don't have to reach everyone. there's no question we have an inferior lineup of stations to our counterparts. it means we have to work harder to get our message across and get shows sampled. >> they had an idea, that in order to succeed, we have to differe

"the sun" owned by rupert murdoch.resident had gushing words for theresa may's main political rival. boris johnson. he was foreign secretary until last week. he quit over the brexit negotiation. the president made sure to say in the inter sview he thinks bos johnson is the best candidate for prime minister. imagine someone coming to the united states saying i think hillary clinton would be a great president. i'm not trying to sow dissent. as you note, this is happening as the protests are going on around london. you saw a picture of the balloon. the president critical of the protests saying they make him feel unwelcome and critical of the london mayor khan. saying you want me to crackdown on free speech? this is what the people feel. the president avoiding the city and avoiding london because he feels unwelcome. just beginning of what will be a remarkable day. guys, i'm watching the body language with theresa may and donald trump. they looked friendly last night and looked friendly in brussels. i'm not sure it will las

both brian roberts and brian murdoch are here. they are all here together.listening to expert speakers. one of the most of appreciated talks this morning was on crypto currencies. but the side show was the deal making. we have seen a lot of things come together in past years year. going back to 1995 when you had capital merging with disney. you had jeff bezos agreeing to buy the washington post and amazon agreeing to buy yahoo. a lot of people connecting aside from the initial conference. the bidding war breaking pout for sky is it serves as almost a proxy for the larger battle for fox entertainment assets. who is going to get it? comcast or disney? as of the moment disney does seem to be in the lead. disney's offer has been one of cash and stock. 71 to 72 billion dollars. for the moment comcast is an all cash deal. a lot of wheeling and dealing. and something i found fascinating is this event is such on lockdown that even made and the staff helping service, they have to sign agreements not to disclose anything they overhear. charles: also right after the be

a lot of reasons comcast couldn't afford it after a while also they were afraid and so was rupert murdoch that it wouldn't pass the f.c.c. i should say antitrust muster here in the in the united states with the regulators so they wanted the disney deal they got that is in deal now the new jim here is sky sky is a pay per view content provider throughout europe five countries twenty five million subscribers and fox owns thirty nine percent of sky so does this go to acquire thirty nine percent of sky disney would like the rest of it comcast would like to buy sky comcast is probably going to get the sixty one percent that disney isn't going to get so they're going to have two companies that are going to have to work together or or here's a solution that's being bandied about hulu an o t t of course you know hulu that provides programming as well through streaming and. abs and internet etc this thing already owns thirty percent approximately comcast own thirty percent fox owns the rest so this is going to wind up owning over sixty percent of hulu so comcast will keep their thirty how about co

and it is contrast versus murdoch's fox —— comcast. find out what is at stake.rning, asia, hello, world. it isa good morning, asia, hello, world. it is a thursday. glad you could join us is a thursday. glad you could join us for another exciting addition of asia business report. i'm rico hizon. we start off with us china trade troubles, and they are dragging us markets down afterfour sessions of games. us stocks in retreat overnight after president trump said he wanted to slap 10% ta riffs trump said he wanted to slap 10% tariffs on another $200 billion worth of chinese goods. the dow jones industrial average falling by 220 points. and this pushes the world's two biggest economies closer toa world's two biggest economies closer to a full—scale trade war, with beijing saying that it has no choice but to retaliate. despite the concerns, one analyst says the market outlook for the rest of the year is still bullish. we have to recognise that the starting point for these tensions is actually not that bad. so the us economy itself, which at the end of the day is a $20

are murdoch's let's talk about these markets. futures positive. it was a very negative day yesterday for european equities. there are some interesting stories generated overnight. stabilization in asia. donald trump is tweeting again about germany. we will take you to nato headquarters in a moment. mm.t show you the g we have a turkish market that got hammered yesterday. the banks came under pressure. president erdogan talking about his new economy, and preparing the ground that would allow rate cuts. look at inflation. it has to be fascinating to see how investors in turkey start to look at the story over the next few days. down massively yesterday. session did not catch up to this story until around 10:30 p.m. last night u.k. time. european assets were broadly under pressure yesterday. the turkish lira is bouncing back a little bit. we had a 4.9 handle yesterday, we are looking at five. keep an eye on that this morning. steel is trading a little higher this morning, nickel is bouncing back a little. and commodities are generally under pressure.

arrive and he'll be joined by his sons lackland murdoch.st ceo brian roberts who we also saw come in earlier is planning in terms of a higher bid for fox and we've not seen disney's ceo bob iger yet and we're expecting him to be here and now in the middle of more chatter, cbs and via com the controlling shareholder, sherry redsten has arrived and we haven't yet seen les moonves and he is expected here and he and redstone are locked in a legal battle over those two companies' future. we spoke to aol founder steve case he told us he expects many more deals, but this time the buyers could be the tech giants such as apple and amazon >> we announced the aol time warner merger 20 years ago, 19 years ago and some of the things we talked about then are now happening in terms of stream beiin and i'm not surprised where they'll position themselves where consumers will have more choice and more control. >> another company that could be a stellar discovery, discovery ceo is here. he talk about the the advantages of merging to a crowd of reporters here

that is brian roberts, bob iger on his way rup earth murdoch there. think mike cavanagh will be there. who knows. maybe they'll run into each other in the hall. they can't collude with each other and say, okay, i'll back off on this if you do that that can't happen. we're getting to a high price levels on all of them. you can see sky is trading above the price. >> all right. >> that's not showing you -- there it is. >> there's a bid underneath at comcast for 33 level every time. >> yeah. >> no matter what. ever since they made their up bid. stock is going down 31 it was acting badly before they raised there's someone buying comcast it was a neutral piece that was neutral on monday. it was like wow. just saying there's no real -- >> there is is a belief if you get full clarity they will not be making a counter for the fox assets the stock will go up i don't know if it goes to 40. but perhaps some people think mid to high 30s. because they will not be taking on the enormous leverage they otherwise would be. >> they have at lot of borrowing capacity. >>

and your move, murdoch. skyast raises its offer to in the global standoff between the media giants. anna: good morning, it it's 6:00. this is bloomberg -- "bloomberg daybreak: europe." putting aside disappointments of the world cup, focusing on small bounds were seeing in asian equity markets. a by .2%, talk of trade talks, that seems to be the best we can do it the moment but it might be enough to draw a line in the so inor the next hour or terms of the tensions on trade between china and the united eighth. the epicenter on the tension on trade it was the commodity market in the last 24 hours. none x crude and brent under pressure. the whole commodities complex under pressure. we saw the biggest drop in two years in oil prices. wasn't overdone? what would tell from treasury markets about what kind of selloff we should be seeing in commodity markets. lira, we'veturkish seen pressure on the turkish currency and this all emanating from a local tv broadcast in turkey broadcasting comments of president erdogan, suggesting he once the rates to fall further. we touched a record low on the

comcast dropped its bid for rupert murdoch's 21st century fox, clearing the way for bob iger's $85.1lion at edition. so what comes next? to have you with us. the first question would be what would happen to sky? >> it seems like the fox situation has been cleared up. disney is probably going to close that deal. they have regulatory approval. off sky may be disney backs of that. maybe they decide we will just let comcast have it given where the prices have gotten to for this deal. it possible that disney continues pursuing it. they have said that it is the crown jewel. i think we are getting to the point where there's a lot of egg numbers involved here and disney had to end up offering cash. when they are looking at their balance sheet and thinking about the debt that they didn't want to take on to do this may be selling fox's stake in sky would be a way to raise cash and get things back to where they wanted. shery: what does it mean for comcast? will they tried to take over other targets? >> i think so. everyone is on the hunt for more content. everyone wants to own entertainment con

>> you know rupert murdoch, do you think he's set on disney at this point >> i think every indication is that rupert prefers disney >> i think that he believes in bob's vision more. i think he probably likes the idea of getting disney's stock and being a large shareholder in disney, but i do think that rupert is not quite -- rupert is a meaningful voice, and i think he has 17, 18% of the economic worth and it's not 30 or 40%. >> do you think that brian roberts could change his mind? >> with enough cash, absolutely. >> what about sky? who ends up getting sky? >> well, i think that this is in some ways a game of three-dimensional chess and it is ultimately, you know, it's weird because everybody talks about saying who wins? >> it's not winning. who wants to bid more money for it who has a bigger appetite? who is willing to take on more debt to do it and constrain more balance sheet and i think there are still a couple of rounds to go. >> if you were a shareholder which deal would you be more likely to approve? >> i would take whichever one was higher >> the higher price. i'm not a very

to call a murdoch owned paper who also owns fox, fake news. >>> her husband spent the week criticizinglady turned on the charm. stay with us. you don't even understand? well, esurance makes it simple and affordable. in fact, drivers who switched from geico to esurance saved an average of $412. that's auto and home insurance for the modern world. esurance. an allstate company. click or call. paying too much for insurance that isn't the right fit? well, esurance makes finding the right coverage easy. in fact, drivers who switched from geico to esurance saved an average of $412. that's auto and home insurance for the modern world. esurance. an allstate company. click or call. esurance. an allstate company. a couple years ago, i was in pittsburg and i got laid off. i did not know what i was going to do. i started reimagining myself and i came up with these bowties. that's how knotzland was born. i was a one-woman show. i took a class that taught me the basics of how to get the business online. and once my website was up, i was like, "wow, i'm an entrepreneur, i can do this." it's been a cr

and this is one his favorite newspapers owned by rupert murdoch. murdoch of course which controls fox news also controls "the sun." so the president might have thought he was finding a friendly audience in this 28 minute interview, but instead he made a lot of news and a lot of embarrassing ways. and i think in his comments, some of which were misleading, some false, it is showing again how hard it is to twrrust this president which is a problem as we head into the summit with the russian president. but here is "the sun" reporter describing the reaction to the interview heard round the world. >> it seems a tad discourteous to drop that hand gra nature to your guest when your guest has gone out of their way to if a i will is at a time 1u67such a gr show for you. that doesn't happen for many people. so a lot of british politicians who are angry with the president and accusing him of showing bad manners. >> coup for the report, big win for the sun oig. they have the u.s. president on the record talking this way. and as you were saying there is a tape

remember, this is a murdoch paper. "showed weakness", even though his russian counterpart is known for "respecting strength". inside, in an opinion piece, the journal accuses trump of marching "through europe with more swagger than strategy" and called his helsinki press conference a "personal and national embarassment." the local view in finland in the paper kauppa—lehti could not be clearer on who triumped at the summit: trump 0 ? putin i, is its front page headline. in washington, my colleague nick bryant tweeted that even the new york times has ripped into the president, its splash states: "see no evil". not the new york times, the new york post. but across many of the front pages of papers around the world is this word "treason". the daily news in new york accuses donald trump of "buying the russian line hook, line, sinker, pole and boat." the daily news, of course, a more liberal paper, has never been a friend of donald trump's but what is striking to me, waking up this morning, i was in new york looking at the w

they did it and it makes me the conspiracy theorists and who really benefits from this. >> rupert murdoch does if he wants to get a fox/disney deal done, given that the famed doj has approved their deal. anything they can do to throw roadblock in comcast's way, great. i don't know if he has that kind of power or not. who knows? that just popped into my head and also it makes me think, if fox/disney is more likely than comcast/sky is also more likely which means sky should probably not trade at the premium over their last bid that it currently does i just can't understand -- i don't know if it was the solicitor general or who is it the president? who ultimately made this decision to appeal on a case that was embarrassing in the first place because they were so resoundly rejected to come back and do it again. >> the roadblock inside the doj that they needed to get there. >> how did they get it i don't know -- the whole thing's not. >> we're supposed to be in an environment where it's business friendly and you've got lawsuit after lawsuit and doj coming in an appeal and it's insane. let let'

your move, murdoch.ox chase for sky is stepping up as you pay regulators clear the way for a deal, but the show is far from over. a 34 billionade dollar play for the british broadcaster, which is a 5% premium to fox's offer. hammond --now is at still in sun valley. i wonder if you were able to quarter any of the players in this arms race in media right now? ed: not just any of them, all of them. roberts who spoke briefly to the press this morning. he said you guys need to find something else to write about. he did not say we need to find something else to broadcast about, so we can talk about that until the cows come home. mr. murdoch was fairly cagey and said it was not something he wanted to discuss. i think bob iger simile stopped any questions related to the deal. these three are all in the same meetings, the same conference, potentially they go white water rafting together or spec writing -- or horseback riding or whatever it is they do, so it will be interesting to see how they manage that conversa

and the two deals that are most in focus are fox and sky particularly sky with rupert murdoch upping of sky just this morning. comcast ryan roberts is also here and sources tell us that comcast will quickly counter the higher offer for sky that fox made. when we caught rupert murdoch heading into the conference we asked him if he is willing to engage in a bidding war. >> how high are you willing to go for sky >> we'll see. >> another company potentially in play is group on. ceo would not comment on reports that he is interested in buying groupon but did say the ownership benefits a wide range of companies and praised the potential. >> i think groupon is a great company with a great leader. i think it is a very interesting market with a lot of potential. i think that groupon will do well no matter what situation they are in. >> in addition jeff bezos is here amid buzz that amazon could buy a media company. another potential deal makerr t companies including charter communications. >>> right now many of the moguls are out biking or hiking, but many are also behind closed doors having d

with pomp and protest but it was that explosive interview with the sun, the tabloid owned by rubte murdoch'sews organization that made headlines. in the interview, the president criticized may's approach to becks it. -- brexit. here's what he said. president trump: i actually told theresa may how to do it but she didn't listen to m >> what did she say? president trump: i told her how to do it. that will be up to her to say. she wanted to go a different route. bert: in the sun interview he also praised may's political rival buriesohnson, appearing to undermine may's faraj imposition in btain's negotiations with the efforts u. president trump: onc the brexit pros says is concluded s and progrhe u.k. has left the effort u. i don't know what they're going to do but whatever you do is ok with me. robert: joining metonight from washington, peter baker of "the new york times,"ay tausche of cnbc and katty kay fromor bbc's world news america. thank you so much for being here tonight. all of you great reporters much butet's start with catty. you think of the president there in the u.k. and he's confro