i'm nejra cehic. julie: on julie hyman. nejra: here are the talk stories we are covering from the bloomberg and around the world. the ecb meeting is underway and there is caution among traders with the euro slipping. all the central bank given clues about the wind down of its stimulus measures? high-ranking u.s. and chinese officials are holding talks in washington today aimed at increasing cooperation between the superpowers. which industries make it a boost. news, u.s. cable company scripts has two major suitors. discovery and viacom both targeting the owner of hdtv. willie deal get done -- will a deal get do

from london, i am nejra cehic. from new york, i am vonnie quinn. n close" on "bloomberg markets." ♪ nejra: here are the top stories we are covering. even with stocks at record highs, is it time for investors to start taking on more risk? we will talk to a simon smiles of ubs, who say the ultra wealthy are still hoarding too much cash. are we seeing similarities to the year 1998 in stocks? does that mean a repeat of the dot-com bubble is coming? we will speak with doug ramsey. and brexit secretary david davis is back in brussels for more talks with michel barnier. the rights of e.u. citizens are

i am nejra cehic.s is "bloomberg best." your weekly review of the most important business news, analysis, and interviews. let's start with a look at the top headlines. on monday, the spotlight fell on economic data from china. analysis, and interviews.>> supn june. signaling demand in the economy there could remain robust in the face of regulatory curves. -- curbs. steady as she goes. >> it is a positive headline. factory profits are heading in the right direction. as long as ppi stays positive, that is not a bad thing. servicing debt is such an issue for china. but at the same time, we are a long way from the peak in february when we were 7.8%. we are not seeing any correlation between kpi and consumer prices, which remain tepid. maybe a one-off restocking of inventories by companies, which is what skewed that number. the overall theme remains ppi is probably headed downwards for the rest of the year. nejra: russia wanted to aid the trump campaign. it is official. donald trump jr. was told in an email

. ♪ nejra: this is the european close and im nejra cehic with the vonnie quinn. take you through all of the market action today. it looks like we are heading, will closed the first weekly loss for european stocks since june. you see red, broad-based losses, the dax is down. the cac 40 down 1.5%. eurozone locks -- stocks down 1.4%. some could be due to the stronger euro at a near two-year high. was 16, 51. the euro strengthening a little bit. -- 116.51. the euro strengthening due to the dollar weakness which is why we are seeing some of these other currencies gaining does the dollar. the fixed income of space, we see the yields calmed down and the core and periphery and keeping a close eye on the periphery's spreads -- periphery spreads. down 1.3% and oil is weaker ahead of the opec meeting in st. petersburg. gold is higher on the week, in fact. down at the end of the trading day and it is red, every industry group is down, industrials leading the losses. these are broad best losses -- broad-based losses, cross industry roots. is the euro, this is the bloomberg eu

this is bloomberg. ♪ ♪ live from london and new york, i am nejra cehic. i am vonnie quinn. switching to health care, maine senator susan collins say she is a big no on the health care repeal vote. -- says she has serious concerns about how to continue to provide affordable care after medicaid expansion. the bloomberg health care reporter for more on how all this talk impacts the business world. the 3.0moved on from version of the gop bill to the repeal, which is now also failing potentially. we need three senators to say no and two have come out and said absolute no. >> that is right and you have seen the gop which -- switch from strategy to strategy to strategy and other thing they want to do repeal. hours after that you had -- how many more of these rounds are regard to go before folks come to the table and try to come up with a solution? vonnie: what about the insurance? the ones that pulled out of the exchanges, what would entice them to come back in. zach: the big for profit have the individual markets so they get to sit on the sidelines and decide i

this is bloomberg. ♪ ♪ live from london and new york, i am nejra cehic.am julie hyman. this is the "european close" on bloomberg markets. discovery communications and viacom are in several talks to combine with the $8.7 million scripps network interactive. as the pressure builds for cable companies and a challenging fast changing industry, will this be the deal for success and which one will be the deal for success? let's bring in tim nollen for more. tim, you have all these suitors going after scripps. do either of these companies and make sense? do both make sense? and which one do you think is more likely? tim: i am surprised we haven't seen such a deal yet. we have had consolidation in -- in other areas of the media industry for years, but not on the cable network side. with discovery and scripps, you have companies that focus on lifestyle. there may be some cost saving potential. you've got consolidation on the did to beat her side for paid tv and lots more -- on the viewership side for paid tv. any -- they would be looking to combine. i think that i

years nejra cehic. -- here's nejra cehic.ter: deutsche bank has reported a 10% decline in second-quarter revenue, falling to 6.62 billion euros. income from fixed income trading dropped 10% and equities revenue declined 20 a8%. market volatility and client activity are likely to remain muted. we will bring you our interview with john cryan later this morning. astrazeneca has had billions of pounds wiped from its market value as the pharmaceutical giant suffered a blow to its next-generation cancer therapy. the lung cancer study failed to meet one of the three primary targets. the drugs were expected to generate more than $7 billion by 2022. or, the benchmark underpinning more than $350 trillion of financial products, will be phased out by the end of 2021. u.k. regulators and banks to replace it with a more reliable system. andrew bailey said the rate is not sustainable because of a lack of transactions providing data. we speak exclusively to andrew bailey. willweetest prime minister speak this hour as he deals with a politica

here's nejra cehic. nejra: donald trump junior says he never informed his father about a meeting with a person he was told would be a russian government lawyer with potentially damaging information on hillary clinton. he said the meeting was a waste of time and attacked the media's handling of the story. >> i think it a little ridiculous and overplayed and the media has done themselves a disservice by picking sides so flagrantly. they driven people to have to think about it. it is a tough game. nejra: senate republican leaders have dropped tax cuts for high income earners in a revised draft of their health care bill. the move aimed at winning over moderate holdouts comes after senate majority leader mitch mcconnell said he's delaying a planned summer recess by two weeks, giving republicans more time to pass the bill. gary cohn is said to be the leading candidate to replace janet yellen as fed chair next year. that is according to politico. the report quotes one republican close to the process as saying th

this is "bloomberg surveillance" live from new york, i am tom keene and in london, nejra cehic . between the fed and washington, the fed meeting and the effect on the global economy. nejra: we have had fascinating discussions with jeremy stretch and jan dehn, on the lack of impact on the fed on emerging markets. tom: we will get to the dollar dynamics with ian bremmer. the first word news. rejecteds. senate mitch mcconnell's health care proposal last night, it came at the start of several days on debate on replacing obamacare. republican senator john mccain returned after being diagnosed with brain cancer and said he would not vote to pass the latest version of the health bill. the house is sent a couple message to president trump on russia, voting to impose more sanctions on moscow and to limit the president's ability to lift the penalties on his own. the senate has passed similar legislation. the white house has sent mixed signals are well president trump would sign the measure. the bank of japan's deputy governor says the central bank needs to keep monetary stimulus in place.

let us get to nejra cehic with your stock movers. picking up. rting with the worlds biggest distiller. profitability target came in also slightly above estimates. we are seeing the stock hit a record high in the session, rising the most since june, 2015. the most in more than two years, in other words. inbev, theseab are some of the biggest performers on the stoxx 600. they have almost 5%. they are widening cost savings. are widening the cost savings at a faster pace than expected. helping the company post second-quarter profit growth that absolutely trounced analyst estimates. on the downside, looking at us is in a cap, i know you will talk to bloomberg intelligence about this, however, i know you will be able to travel, so i will not hold back. after zedekiah hitting a -- astrazeneca hitting a low. this is a combination of two drugs. study weren that poised to hit sales by 2022, so the failure, starting to call into question the ceo's ability to deliver on his growth strategy. place to keep the company independent when he rebuffed pfizer. a lot

let's get nejra cehic. good morning. on in the asian equity market for a second day. the pacific index trading near a record high. in fact, this year the chart has normalized. outperforming global equities. rally.-based a little softness in shanghai earlier, but the shanghai composite index has recouped those losses. not just across different regions, but across the industry groups. tech stocks leading the rally for a second day. asian equities bid. is the party over for the new zealand dollar? the kiwi dollar weakening after data of an inflation reading and credit card spending data. kiwi dropping the below support in this technical chart, some are asking if it could be the start of a bigger correction, particularly if we do get more rate hikes from the fed and a stronger dollar. kiwi dollar in focus today. worst-performing g10 currencies against the dollar. the dollar is bid across a lot of the g10 currencies in this session. is oneoned the fed, that thing the markets are focusing on this week with janet yellen due to

nejra cehic has the details of what we are watching. t, you were just showing what was happening to yields long-term. the gilt markets is opening. we are looking at the 10 year yield. 1.18%. a bit of a different move to what is happening with the treasury yield which has been steady this session. the abundant yield has been edging higher. it's taking its cue from europe, 118% on the 10 year gilt yield. european equities is pretty much a flat open if you look at the stoxx 600. interesting to dig down into the sectors, energy underperforming again as it was on friday. of 4/10 of a percent on energy stocks. it is the tech stocks and financials on the upside, outperforming as we head into a week of bank earnings. the stoxx 600 did have its first weekly drop until june last week close down. the flat open with a positive bias looks good in comparison, but a couple of charts i wanted to draw your attention to. the is the stocks 50 and world index. the euro stocks 50 had a good start to the year until about may and then the trend has been downwa

manus: we will get straight across to nejra cehic, just one balance.n commission and germany's cartel office said on saturday the have received information about a possible collusion and are studying the matter. just looking at the dax, immediate response in the tax on the carmakers. vw unchanged, dialer up .8% in bmw -- daimler up .8%. merrick, taken away. 2.25% steady. slightlyets moving higher up about one basis point, 1.19% is where we are on the 10-year gilt yield at the open. in terms of european equities, if i look into the industry groups on the imap for the stoxx 600, you were talking about carmakers within this wheel, they would fit into the industrial section. that industry grew up -- group up. some of them said unchanged at the moment. real estate and utilities outperforming on the upside. materials, as well. energy up .2% despite crude. ,peaking of over performance stoxx 600 versus the s&p 500. an interesting chart. the difference in relative performance if you talk about it in local currencies. that is blue line. if you talk about it in d

let's get a market check with nejra cehic with our top stock movers.nomy -- see economy. you might be looking at this and thinking, metro down 67%, no. gy, it hastually cec written a bit -- risen a bit, but metro had a merger. you have metro wholesale, now trading under the before be ticker. if you look at the market cap of those two combined, that has risen since the demerger. this is showing the drop compared to the combined company yesterday. this drop looking a little confusing, but you want to be kicker to see if there is any volatility over the next couple of days. how this new company is going to keep trading as it started today. atspoke to the ceo earlier bloomberg, we will also be speaking to the metro wholesale ceo later in the program. that is one stock to keep an eye on. and i am looking at partners group, lifting its outlook. this is the private equity firm raising its forecast for new commitments this year after clients added $7.9 billion in the first half, up 3.5% in partner group. on the downside, astrazeneca. this is after a report the

here is nejra cehic.: president trump said he was unaware of his son's meeting with a russian leader. the president said vladimir putin actually wanted his rival if hillary had won, our military would be decimated. our energy would be much more expensive. that's what putin doesn't like about me. why would he want me? from day one, i wanted a strong military. he doesn't want to see that. i want fracking and everything else to get energy prices low and create tremendous energy. mark: meanwhile president trump will get a chance to reset his relationship with french leader mackon later today. - macon today. they are marking the 100th anniversary of the u.s. intervention in world war i. the fed share slightly more cautious on the inflation outlook hinting that the recent slowdown may be more than transitory. >> the process, i believe that is something that over time will put upward pressure on wages and prices. nejra: traders wound back their expectations for a fed rate hike in september or december after yell

i'm nejra cehic. this is bloomberg. francine: the last couple of seconds we had a bloomberg headline. it planshe boj says to keep the current pace of bond buyying for the month of august. there was a little bit of concern in certain parts of the market that they would unchange it. we heard from the mass mutual life insurance company earlier on. they expected the boj to maintain the pace of bond purchases in august, meeting it will be unchanged for all maturities given the debt market stability. we see a reaction to the yen, currently up 110.65. putin hopes there will not be any for any further retaliation, or for their kind of contact retaliation against the u.s. u.s.w slashed 750 diplomatic jobs in the country. president trump said he would improve ties with russia during his election campaign. joining us now for more is bloomberg's congressional reporter kathleen hunter. peter dixon is from commerzbank. welcome to the program. kathleen, what does this mean? does this put president trump in a corner? are we concerned h

here is nejra cehic. individual stocks, it is m&a news and speculation making waves. , may start with sharda look for permission from -- to renew their bid for stop the -- stada. andfer unrivaled last week now they are considering offering germany's financial regulator for an exemption from the one-year waiting. bank. assessing if it would agree. according to people familiar with the matter, the firms could make a new offer as soon as this month. we are seeing stada up 2.8%. looking at edp, this is up 3.2%. the spanish power and gas reportutor has denied a that it is in talks with edp about a potential merger. this had been a report from reuters that gas natural had said was inaccurate. the stock is up 3.2%. edf, lower. this is on summary rating, hsbc cutting it to reduce saying the shares have run too far too soon. guy: into very much, narrow. here is the bloomberg first word news with sebastian. >> north korea says it successfully testfired a ballistic missile, bringing it closer to a device capable of

i am nejra cehic. this is bloomberg. ♪ whoooo. i enjoy the fresher things in life. fresh towels. course, tripadvisor's freshest, lowest prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantly compare prices from over 200 booking sites... ...to find you the lowest price... ...on the hotel you want. go on, try something fresh. tripadvisor. the latest reviews. the lowest prices. ♪ announcer: "brilliant ideas," powered by hyundai motors. ♪ >> ♪ i-d-e-a, ideas ♪ ♪ >> the boldness of her work is inclusive. it is bold. it is kind of ugly. >> it is exhilarating or inspiring and slightly terrifying at the same

i am nejra cehic. bloomberg. ♪ ♪ jonathan: from new york city for our viewers worldwide, i'm jonathan ferro for 30 minutes dedicated to fixed income. this is "bloomberg real yield." ♪ jonathan: coming up, the u.s. economy showing signs of losing more momentum. retail sales fade and inflation rolls over. -- fed chair janet yellen the fed says it is transitory, janet yellen says it is premature, with the trend falling short. loading up on risky assets. dominating the recent junk-bond issues. we begin with a big issue, inflation data injects some doubt

here's nejra cehic. nejra: we are having some stocks moving on m&a.broke this earlier, but less update you on the headlines. 1.3% up on the stock, raising their offer to 66 euros per share. they are saying they applied for the win here take over exemption, and they say the renewed offer is improved with regard to material aspects, in the new offer price enhances transactional security. aveva gaining. a couple days ago, the ceo steps down after the schneider potential purchase fell through for the second time. reports in u.k. newspapers, schneider electric is set to mull a new bid, aveva rising off the back of that. finally, air france gaining as well after passenger numbers came through, not gaining as much as earlier, but still .5%. we spoke to the ceo over the weekend. he struck a positive note about the number of people traveling to france. >> i think what we feel is good about the business in france. there is optimism, and we do feel it for our business, because we see it in the summer, people coming from overseas. janaillac under pressure to impr

let's dig a little bit deeper into the gains we are seeing on the indexes with nejra cehic. ome individual movements here. , wers overall moving higher have an industrial metals, a lot arether commodities also we seeing health care stocks outperforming, among them, sanofi. it says profit will probably hold steady, helped by demands for vaccines and medicines for multiple sclerosis. i know you and guy spoke to the cfo earlier. it was an exclusive interview. here is what he had to say. this industry sector, like many others, we need to be a little higher attention on the price you pay for acquisitions, and of course, depending on the in line with that. the numbers overall positive today, and we are seeing a positive share price reaction. the ceo did also say the picture in diabetes is still top overall. moving on to the downside. i am looking at rolls-royce down .3%, dropping the most in five months. this comes after a report in the on sunday, or rolls-royce cautioned investors not to treat one billion pounds of cash flow by 2020 is affirmed target. it also said it was concerne

i'm nejra cehic, this is bloomberg.rime minister theresa may, this week she will appeal to opponents to appeal a successful brexit. she will promise to show renewed courage and vigor -- and vigor after coming under fire from our own party. a survey by british chambers of commerce says companies here overwhelmingly oppose to brexit talks. let's talk to stephen isaacs and luis costa. reset relaunch her credibility within not just the conservative party, but the country itself? this reaction is more than telegraphed and expected. she is trying to sound inclusive given how weak it is in the brexit process. effectively labor and corbin are becoming very effective forces in how negotiations will be delivered over the next many quarters. this is effectively showcasing how weak they are. hard-core brexit part of the party. mark: reaching out to other parties with cross party cooperation during this process is what many have been crying out for. some might say she is doing it from a position of weakness, but isn't that what peop

nejra cehic joins us. the rally and commodities fueling some risk appetite in the asian equities session. let's take a look at the brakes out here. you have tech stocks underperforming, but outperforming, yet energy stocks up more than 1.5%. above $42puty i going a barrel -- this is wti going above $42 a barrel. material stocks outperforming could we see the general increase in commodities on optimism about china. that is a fed too much into the shanghai composite. we are seeing japanese stocks. the yen weakening against the dollar and six days -- against the dollar for the first time in six days. i want to show you copper because we have hit a two-year high. we went above 6000 on monday. technicals, with this rally picking up, you are seeing copper in the upper limit .f its band we are seeing demand for that metal and where we are not seeing demand is for the aussie dollar. where down .5%. .5%. are down inflation was a little disappointing and the rba governor philip lowe made some dovish comments saying

a little deeper look here with nejra cehic. she has your mid-cap movers. n of value retail mosting 5%, rising the since january after reporting a first quarter u.k. comparable sales up 7%. the second quarter started well. it is also on course for the market's four-year profit expectations. response inpositive b-shares. one of the best performers on the stoxx 600. amec fosterside, wheeler. there has been an investigation bribery with third parties. they did assure shareholders it did not expect -- was not expected to affect its takeover of john group. foster trying to reassure, nonetheless, we are down almost 5% on that stock and seeing an impact on other stop. john would group trading down as well. premier oil rallying significantly, rising the most offshorehan a year for mexico, pushing up stocks 28% right now. guy: thank you very much. sterling, a good day for sterling. the u.k. wage report is due out today. average weekly earnings expected to slow to 1.8% in the three months -- a rolling average. it is not just a one month snapshot, it is a rolling avera

here is nejra cehic. korea's nuclear ambitions have dominated phone calls between donald trump and the leaders of japan and china. the u.s. is accused of trespassing and so china sea. a move ahead of the g-20 could signal the white house is displeased with china's efforts to pressure north korea to curb its missile and nuclear programs. president trump has ratcheted up his feud with the media by posting a video depicting himself body slamming and choking a person whose head has been replaced by the logo of cnn. cnn said it was a sad day when the president of the u.s. encourages violence against reporters. lawmakers, mostly democrats can jumped -- condemned trump's message. in japan, scandal hit prime abe -- shinzo the party had its lowest number ever in the capital. tokyo governor's first -- tokyo first party gave her a majority as she teams up with the national coalition partner. a speechmmond will use organized by the confederated business injuries to tell business leaders brexit will not be ignored. a

i'm nejra cehic in london.et's get a quick check on your markets will step european stocks are trading a little higher, up .2% on the stoxx 600. global stocks, hitting a new record. the dollar-yen, pretty much unchanged. a touch of dollar strength there. the dollar, having its worst week since may last week. the 10 year yield, meanwhile, down two basis points, 2.31%. that dropped from five basis points last weekend we are keeping a close eye on the on short yuan, -- the on shore y uan. let's get the bloomberg first word news. reporter: the second round of brexit negotiations are underway in brussels. avis is looking for progress, trying to resolve objects on both sides. barnier says the talks are now getting into the nitty-gritty. >> we are getting to the heart of the matter. we need to examine and compare our respective positions in order to make good progress. as you know, our negotiating groups, we work on citizens rights, on the financial situation, and also, separation issues. reporter: president trump was

i'm nejra cehic. this is bloomberg. mark: thanks a lot. with us, julian chillingworth from rathbones. hard to know where to start. should we start with the macro side? interesting week on data. unemployment down to a 42-year low. real wages squeezed the most for two or three years. is the brexit bite really kicking in now? i'll bring this chart in. thate below zero, showing the data is missing analyst expectations. julian: i think what we're seeing now is not obviously -- that obviously the overall shock to the economy of the brexit vote, which is in our view often delayed by six to nine months, is beginning to kick in. the other point i would make is that we've been talking a lot about wages, and for the u.k., workforce wages are a key factor in driving consumer confidence. with rising prices due to depreciation of sterling, i think that people are feeling less confident and feeling they've got less disposable income. mark: if i put you on the mp's seat, make you a bank of england policymaker, are you a hawk, a dove, somewhere in between?

let's get to our top stock stories with nejra cehic.eaking news for this steelmaker, it is to cut up to a 400 million euro savings. steel makers have been coming under pressure. the stock did rise to the highest in over a year last month and we are up 2.6% today. on the downside, i am looking at the u.k. retailer, marks and spencer, a fresh drop in quarterly clothing revenue. clothing and home sales show no improvement, but also it missed estimates for food sales, dealing a blow to the ceo, who thebeen looking to revive company. how much of this is down to the consumer and how much is down to the product line? nevertheless, they are down 1.6% after that lackluster performance. finally, i am looking at randstand, the recruiting company, down 1.8%. matt: thank you, nejra. now i want to get over to sebastian salek with your bloomberg first word news. reporter: president donald trump has nominated randall qualls to be the top banking regulator. he was a senior treasury official in the george w. bush administration and is a managing director

i'm nejra cehic in london. let's get a quick check on your markets will step european

let's get a look at the markets, more broadly with nejra cehic.ing japanese shares rise for the first time in three sessions on that weaker yen. tiny shares are not reacting positively to that cpi data. overall, the msci indexes rebounding from the biggest weekly drop in four months. we do see gains on the equity benchmark, led by tech stocks. but can the bull survive the signals?ish technical we see a drop below the 50 day moving average? looking at where investors are a little bit more positive here, leverage funds are piling into bets on the aussi and kiwi, the fifth time they have done this in the last 18 months or so. these leveraged funds are at odds with analysts calling for losses. the aussi dollar, one of the best performing g-10 currencies against the greenback in this session, though it is pretty much flat. one of the worst performing currencies to come back to the yen is the yen. this, after kuroda said the boj will tweak policy as needed, of course, after that curb control the cancer friday. 10 year yields are not going anywhere much

here's nejra cehic. a: i was going to say we were seeing a rebound in european stocks, but that wasn't long-lived. we are pretty much flat on the stoxx 600. we saw the nasdaq and the s&p 500 in the u.s. touch all-time highs again. global stocks retesting those all-time highs. european stocks not looking too strong. tech stocks leading the gains. they were the laggards yesterday. on the downside, industrials and financials underperformed. financials were underperforming in yesterday's session as well. yields,year treasury something i've been keeping a close eye on. we saw it drop six basis points yesterday, below the 200-day moving average, almost touched the 50-day moving average. we are rebounding today, up about one basis point on that 10-year treasury yield. with the politics in the u.s. and those expectations coming down for that fed rate hike, the bulls seem to be very much out in force when it comes to treasuries. that brings me to the treasury bund spread. this tightened down to 1.7% yesterday. we

here's nejra cehic. nejra: we saw equities turned lower in the u.s. yesterday afternoon as that robert mueller might be looking beyond russia. we saw asia lower, european stocks look lower on the week, pretty much unchanged on the stoxx 600 right now, but edging to a negative by. sure in terms of the industry groups. a strong euro potentially weighing on exporters. draghi saidio policymakers had paid some attention to the strong currency, not enough attention judging by the reaction we've seen. 1116, hitting an almost two-year high in yesterday's session. 1.1643 is where we are. some calling for 1.20 by year-end. is this an ironclad trade or could we see it turned lower? way of that impetus either could come from the $. my guest on bloomberg radio said it was the bond markets that acted like the adults in the room after mario draghi's press conference. we did see a tightening in those for reference spreads. the bond markets absorbing the overall dovish message. the spread tightening to the lowest since 2015. we saw that btp spread tighten the most sin

i'm nejra cehic. this is bloomberg. francine: thank you so much.getting breaking news for u.k. services and composite pmi's for u.k. for the month of june. the pmi for services falling to 53.4, a little better than estimated, but a touch below what we had the previous month. .n to the middle east foreign ministers from the arab nations that cut ties with qatar meet in cairo today. saudi's state-owned press agency said the kingdom has received qatar's answers to a demand list that includes cutting ties with iran and closing the al jazeera news channel. joining us now is yousef gamal el-din. welcome to "surveillance." where do negotiations go from here? yousef: we haven't seen the letter with the response. that is the only clue we have as to what that letter could say. arguably, from what we heard, it is not enough to come in -- convinced the saudi-led block to let go. there is a foreign ministers meeting slated for cairo later in the day. they will be able to discuss what they are going to do next. experts saying economic sanctions are on the table,

tom keene joins nejra cehic out of new york. this is bloomberg.erg surveillanc♪ ,> this morning the european they continue to play catch-up with their american brethren. cuts,g good about cost wealth management in america struggling. barclays, will they get a radically simplified bank. trumpcare is very dead amid the drama of a late-night vote. an important moment for switzerland finally after nearly three years of swiss banking weakening. good morning everyone. this is friday. i'm tom keene in new york red --. nejra, earnings news. i have to go to the swiss franc. weaker, interesting things going on in foreign exchange. weakening against the swiss euro for the fourth day. the smb brought the frank cap in. we have a great column on the bloomberg from bloomberg profits talking about this movement. pinpoint exactly what happened. looking forward to talking about that. tom: we will touch on that. i have a great chart on that. right now, after what we witnessed in washington last night, our first news, here is taylor riggs. for seven years republicans

here is nejra cehic. , who: john mccain underwent surgery for brain cancer, will return to washington today at the senate embattledo take up health care legislation. the development could boost republican efforts to get enough votes to pass the measure. he had noner said improper contacts with russian officials during the presidential campaign to rid the white house senior adviser made the comments after spending 2.5 hours answering questions from senate investigators examining meddling by moscow in the 26 election. >> i did not collude with russia, nor do i know anyone else in the campaign who did so. i had no improper contacts. i have not relied on russian funds for my businesses. and i have been fully transparent in providing all requested information. greece is returning to the bond market after a three-year hiatus, banking on investor interest in its economy. the country, the epicenter of the sovereign crisis that began in 2009, is looking to sell five-year bonds and inviting holders of bonds due in 2019 to tender the notes for cash. turkey's leader has urged qatar in the arab co

live from london, i am nejra cehic are looking to "bloomberg markets." covering at bloomberg and around the world. u.s. stocks hovering around records. does the rally still have legs? -- are theyn tech poised for further gains? in politics, president donald trump is mulling a shakeup at the white house as the senate health care bill remains delayed here and we will tell you what changes may be coming. in corporate news, procter & gamble becomes the latest corporate giant. nelson peltz is angling for a seat in the busy jumpstart. all of that is coming in the next two hours. we are 30 minutes into the trading day of the u.s., and we are not moving very far. >> the nasdaq