it's still nissan against renault, renault against nissan.i continues to have a partnership with nissan, seems very strong in southeast asia where nissan is very weak and southeast asia is the only area that mitsubishi would be able to nonstrait its strength strength. but again, mitsubishi's main partner continues to be nissan between 's not so much renault. ishaad: thank you. coming up, we're looking at indian inflation inching up for a third straight month in april. yvonne: why it's not likely to worry policymakers. this is bloomberg. ♪ >> a quick check of the latest headlines, boeing the lowest in four months. the editor of an influential chinese tabloid tweeted the plane's -- the company's planes sales could be hurt. he later told bloomberg his tweet was an opinion, not an official statement. apple slumps as the supreme court gave consumers the green light to go ahead with a lawsuit about whether apple inflated prices at the app store. it could force aple to cut the 30% commission it charges. apple said the app store is not a monopoly, ad

for nissan.ind, you know, they have been rebuffing the merger attempts with renault that carlos ghosn started and subsequently after the post carlos ghosn era at renault, may have been trying to lure in europe to set power -- for it hiroto to consider the merger. he was a bit blindsided, hiroto saikawa. he is on his way to a meeting where the chairman of renault is going to brief is japanese partners, nissan, and mitsubishi , on the merits of this proposed merger with your chrysler. again, nissan is not involved in this merger, but we are hearing from sources that perhaps they could be asked to join later. he is likelyg that to seek a renault board meeting as early as next week to get preliminary approval for this merger with your chrysler, which they -- fiat chrysler, which could create savings of more than 5.6 billion u.s. dollars. shery: hiroto saikawa blind-sided, as you said, so what options does he have now? stephen: it is a tough one because do you join and do you get the favorable terms t

meanwhile, it will keep its holdings in nissan and nissan will keep its holdings in mitsubishi.global scheme will be significantly reduced. in your view, what are the options here of nissan and mitsubishi if indeed this merger materialises? it's tough for them, the new board that is being proposed between fca and renault would only have 11 seats, nissan would only get one seat on that board. right now, in the alliance with renault, there's four seats. renault gets one and mitsubishi gets one. so you can see how their influence at the higher levels of this echelon would be diminished, and it is hard to say what options they really have to increase their influence, or what this means for interference with their own management. breaking down their own management. breaking down the potential merger between renault and fear chrysler, in your view, will it succeed or will it eventually take the same road as the previous merger which was a failure? well, it's hard to say, the chrysler merger was deemed a failure yet the fear chrysler merger was deemed a success. fear has a history of m

why the speculation has been that nissan wanted to kind of rebuffed a merger with anault is that nissanr contributor to profit. the bigger contributor to revenue. the fastest-growing market. nissan had a better presence than renault. but tables are turning a little bit right now given the troubles that nissan. steve, given the push and pull happening at the executive level, where does this leave the ceo? can he survive? stephen: that is that th up with a formal turnaround plan, and there is said to be internal debate whether the ceo is the right man to actually lead that future,nd plan, so his obviously in question as well. he has indicated he would not june.he company beyond he has also not stepped down at all. some shareholders have called for his resignation to take responsibility for poor oversight and governance. they are going to be implement in a new governance scheme as of june, but still, maybe too little too late for a lot of shareholders who have seen their shareholding value plummet. and right now, renault would like to see a merger, but to date, all indications are that sai

nissan owns a stake in renault, renault owns a bigger stake in the sun -- in nissan.are heavily watched or partially owned by governments. >> sure. the french state in renault, that is a very important point. in the deal on the table, that state would be diluted which is something both renault and nissan have wanted, to weaken the french government's control of any alliance. so that is an important aspect. technically, it is always possible for a company like nissan, and independently listed company with its own board, to withdraw from an alliance like this. but when you look at the direction of the industry, when you look at what is happening with global demand for cars and the big changes'twas autonomous driving and electric vehicles, adding all that up -- changes towards anonymous driving and electric fool -- electric vehicles, adding that all up, nissan is clear they want to remain an independent company. we spoke to one of the top analysts in tokyo who has been looking at the car industry for decades. he says the japanese government will make that clear that they

one more bad news are you expecting to hear from nissan?is going to be execution. they have come up with a transformation plan, but a lot of it depends on the success of new models in the pipeline and the success of their ability to rollback incentives in the u.s. market and reduce fleet sales in the u.s. market. if they are not successful on any of these points, there could be further risk to their transformation plan. they also have quite a punchy target for the china market, 9.3% retail growth. they work on a calendar basis and year to date are flat, which is good in the context of china, but catching up to the full-year growth of 9.3% could be challenging. china is their most profitable market, so critical to their forecast profitability. shery: have they factored in the restructuring costs they are planning to carry out as well? >> i believe that that is included in their forecast. to some extent, i would like to anything, have, if been a little bit cautious on the cost front. i hope they have been. you are absolutely right. things lik

i want to bring you numbers that we've had out of nissan.japanese car make sure just to break it down for you here they have it slashed their forecast for the year. let me just bring it down to you. they have slashed their 2022, 2023 pretty target to around 6% from 8%. they have also slashed their revenue targets for 2022, 2023 to 4.5 trillion yen in their midterm business plan. you can see that that actually the stocks are turning south here down 3%, and, again, this is after they flagged their weakest profits and more than a decade just to bring you what those profit numbers are, here i'm looking at the operating profit that came in at 546 billion yen. that is down 27% year-on-year. it looks like the weakest is persisting just to recap, we have the lowest profits in a decade, weak disappointing sales in north america, and they have revised down wards their business targets in both margin perspective and a revenue perspective for nissan the stock down 3%. let's bring in an analyst janet lewis, the head industrials and transportation analyst

the boss of renault tries to persuade nissan to support a proposed tie—up with fiat.n the markets, concerns about a global economic slowdown weighing on markets in europe and asia. keeping fit — and looking cool. we'll meet the man who says you can be chic whilst cycling. plus mackenzie bezos — the former wife of amazon founder jeff bezos has pledged to give away half her 36 billion dollarfortune — today we want to know — if you were a multi billionaire — how would you spend the money? let us know — just use the hashtag bbcbizlive. hello and welcome to business live. ifi if i were giving away half my fortune i would give it to my colleagues, of course. nonsense! we start with the beleaguered chinese telecom firm, huawei, who is asking the us courts to speed upjudgment in its legal battle with the government over president trump's decision to ban the company from doing business with it. huawei is requesting what's known as a ‘summary judgement‘. two weeks ago the trump administration added huawei to a trade blacklist, banning the chinese telecoms giant from acquiring t

made a dramatic comeback we'll tell you why you can't ignore it any longer also coming out carmakers nissan and renault have long had a fruitful alliance that could be shaken up by reynolds plans to merge with rival fia talks about the possible tie up continued today and we are here to urge the developed countries to also revealed that management of plastic waste and stop shipping out to developing countries. why malaysia is shouting out the alarm to the industrial world. i'm chris culliver welcome to the program. crypto currencies have seen a remarkable comeback this year after investors ditched them in droves in $28.00 now the value of one bitcoin surged nearly 70 percent this month alone to almost $9000.00 now some analysts are predicting it will climb as high as $10000.00 bitcoin was the 1st and is the largest cryptocurrency and has become the standard for digital currencies built on a centralized peer to peer network it's inspired a host of other crypto currencies such as like calling. z. cash and desh and big players are looking to create new digital currencies facebook is looking at

would have more sales and profit than nissan by itself.d lose influence within the larger grouping. if you think a franco japanese merger has been until you , wait see a franco japanese american italian grouping. we lete, just before you go we're getting the headlines. he's speaking to reporters saying there may be opportunities from the fiat deal, that he wants to learn more about fiat pact from renault. so he's not completely dismissing i. could w saying there be opportunities there, steve. >> well, again, he's head right is there because he's got some oceans but he's got a headache here as well, you know, he can't -- nissan cannot block merger. you either kind of go with the status quo and become a part of a really convoluted structure with with renaultty and fiat chrysler, and then there is still the alliance renault and mitsubishi and nissan, or do you go it alone? great option, though, as well, because of the disruption that's and the huge r and d costs in the auto rise to the challenge. 'll give him credit, he's survived a lot of tr

nissan may be left out in the cold as the two european giants.s there an element of i don't want to call it nationalism, but certainly what we're seeing is this populism that is not just here it's in europe as well you've got italy and france, yeah, they've had their differences but they are still members in europe maybe leaving out japan as well. i don't think this is just a ceo story. it almost feels like a national story in some ways >> it absolutely is a national story. that was the part of the carlos gone bit of course resentment of the french control of nissan and certainly you're right, the italian link to fiat is of course at one point i think 7 out of 10 cars back in the 70s were fiats that were sold in italy and fiat, maserati, all these great brands that they have there that they're doing much better than they were previously and of course they lost their ceo, and that was a sad tragedy was part of the backdrop here, the human tragedy of having carlos gone wrongly imprisoned with these sequential charges and then marcioni having died b

management nissan is open to discussing a stronger alliance possibly joining the merger. the new auto giant would bring together a host of well known brands feared chrysler owns its namesake brands as well as. dodge cheap and muscle roddy or no besides its major stake in nissan and mitsubishi holds a majority stakes in russia's lada. behind the idea for the merger is the challenge of a changing car business new technologies have up and at the market the mobility economy is driving and the sharing economy many traditional car makers have found they can tackle those issues better to gather. european markets are positively actual results investors are relieved. to gain a dramatic foothold in parliament stacked shot up by the major european indices opened with similar gains which 100 london office or no he gave 1.3 of a percent of the brics he won the election there the euro is trading at a slight loss generally the elections are held to centrist 3 times the other hand so. that's. a stock exchange will be from a divided to a more fragmented europe what's that mean for busines

news came to —— just hours after nissan released latest results and it is not looking great.nth the prophet may have fallen sharply for the fiscal year which just ended in march. it is struggling to sell cars in the united states and the rumour that france's renault which is a majority stakeholder, wanting to merge with nissan has not gone away. the current ceo has been fighting back but with the poor performance of nissan there is a lot of pressure on him. oil prices have had a volatile 2a hours, after four oil commerical ships were attacked off the coast of the united arab emirates on sunday. the ships were passing through the strait of hormuz, which is crucial shipping route for global oil supplies. the international energy agency describes the strait of hormuz as the world's most important oil chokepoint. it's the only route tankers can use to get out of the persian gulf. at more than 17 million barrels a day it accounts for almost a fifth of the global oil supply — and almost all gas from one of the world's biggest gas exporters - qatar. tensions have already nudged oil

paul: nissan hits rock-bottom as profits go to a decade low.e will look at the road ahead with the plan stuck in neutral. shery: let's look at how the tuesdayclosed in sessions. we have them coming off of the worst selloff in four months to gain ground with the dow up .8%. that rally faded into the close, still big exporters like caterpillar and boeing were able to reverse some of the losses we saw monday. tech also have gains on the s&p 500. we had energy up, oil gaining ground after we heard some drones had hit saudi arabia's main crude pipeline. the nasdaq gained more than .1% and treasury yields were higher in gooding commodities. alson and soybeans rebounding. president trump once the fed to help him out with the trade war. calling out to match whatever the pboc is doing. futures unchanged. we will see how we are setting up for asia. sophie: futures are pointing to gains but strategists see room for corrections. evaluations are attractive enough to buy. with poor report cards from nissan and hong kong, that could it is the last heavy day o

i'm talking strictly nissan. i'm not talking nissan/renault it's at a crossroads whether you're looking in the united states, japan, or other markets in asia. this is a company that needs direction and it needs people to take control of it, and there's a feeling that that is what's lacking right now. >> look. shareholders are pushing that up it's up 2.3% so shareholders look the initial news on this what about management there? >> they won't like that. >> they were part of this, right. >> no. they won't like i it look they might ultimately sit there and say we would be the world's largest alliance worldwide, $15 billion in sales annually. but nissan's component within that -- >> -- is going to be small. >> -- is going to be less, a smaller percentage than before. >> hey, phil, then the last piece of this, the pledge that's been made and this is the political hurdle is the pledge by fiat chrysler that they won't be closing plants, that they won't be losing jobs, that all of the synergies in value will come from th

why is nissan pushing back in terms of what it has to do next?c logic does nissan have to pursue with renault? why are they pushing back so much? elisabeth: they are pushing back. as to the reasons, nissan has not come out publicly. vonnie: i'm so sorry. we have to cut in because president trump is making some comments on china. mp: we are having trouble with china because we have been treated unfairly for many decades. it should have been handled a long time ago and it was not and we will handle it now. i think it is going to turn out extremely well. we are in a strong position. we are the piggy bank everybody likes to take advantage of or take from and we cannot let that happen anymore. we have been losing anywhere from $300 million to $500 million a year with china and trade with china. we cannot let that happen. the relationship i have with president xi is extraordinary. it is good. he is for china and i am for the usa. it is simple. we are in a strong position. they want to make a deal. it could absolutely happen. in the meantime, a lot of m

industry france's renault seems to welcome the advances of chrysler but what would it mean for japan's nissan. also on the show the e.u. has elected a new parliament we'll look at what it could mean for a common east end businesses. and how lies can cost lives we hear from an african startup the fights fake news. welcome to business i'm stephen beers in berlin good to have you with us italian carmaker fiat wants to merge with its french rival renault and create one of the world's biggest car makers save billions of dollars and raised plenty of questions about the role of rondo's current partner nissan rhinos supervisory board is considering the possible merger proposed by feet chrysler the company's largest shareholder the french government is supportive equal. the government is favorable to the move but as a rental shareholder we must look into the conditions of the deal after all of this merger must be good for the economic and industrial development of renato but also for the employees that are here when it says there will be no plant closings from a merger of the both companies would gain

that is a big plus for nissan.st allowing them to resources in pursuing electric vehicles is a very big deal. nissan has the number one electric vehicle in the leaf. renault has the number five. those are both very strong well sellingell vehicles to the extent they can increase their collaboration and expand their scope, it could benefit both companies. there's also some confidence in the idea that they feel they can execute this kind of structure, this kind of global carmaker if all, all production is counted, you now have 50 million vehicles under one carmaking alliance. that makes than the biggest, depending on how you count all of those vehicles. so, that could put them in a stormed a position. whereas now, being on the outs with renault, without any real a clear plan of how to build up that alliance, this additional carmaker added into it makes for a stronger picture. juliette: a story to continue watching. thanks to dave mccombs in tokyo. up, ages biggest budgets airline plans to raise capacity after profit j

the tech-advanced nissan leaf. the best selling electric vehicle of all time.s is nissan intelligent mobility. ♪ man, that's a cool looking hot tub. we should check on the baby. he's so sweet. maybe too sweet? go! get reliable at&t fiber and get speeds up to 300 megabits per second and directv. bundle for 75 dollars a month for 12 months. limited availability. may not be in your area. more for your thing. that's our thing. call 1-800-call-att. >>> the driver of that stolen car goes on a rampage in san francisco injuring pedestrians with surveillance video you have to see to believe. >> i'm in san jose. a beloved garden could be forced to uproot to make room for new development. >> a story two san francisco natives have been thinking about since they were kids. coming up, the premier of the last black man in san francisco. abc7 news starts right now. >> it was just unreal. >> crazy. a hit and run rampage is over for a stolen car suspect in san francisco. >> a all in igho.rn ?epr:call it afy couldn't believe what they were watching. it all headed right here at cl

this is nissan intelligent mobility. ♪ tonight, an abc news exclusive.ation freed after the taliban captured them in afghanistan. now for the first time she details the horror she experienced in five years of captivity and in her marriage. here's kyra phillips. >> reporter: tucked away in rural america, caitlyn cole mp and her children live a simple life. a far cry from how the world came to know them. >> they are willing to kill us. >> reporter: as prisoners of the taliban. held around the clock by armed guards, completely isolated from the outside world, unsure if they would ever be free again. >> i tried not to think about that possibility very much, that we might be killed. maybe we'll be prisoners forever but they're never going to kill us. >> reporter: but as the story of her and her husband joshua boyles and their long-awaited release played out through hostage videos and headline, caitlyn says there was a secret struggle, a struggle she's never publicly spoken about until now. >> what i was going through inside the cell was more horrific. i was a

if you need some that thiss coud boost fiat chrysler is business to the detriment of nissan's brands. in t the us -- ninissan it. and on the negative from the sun is that it could lose influencee over no. at the moment it holds a 15% stake in the company. of the marriage goeoes ahead tht would drop to seven point 5% the new fiat chrysler run it would be much larger than the japanese company. she said for you if the merger takes over it will change the power balance in the alliance. up until now nissen sold many more calls than reynaud. rent a movie it together with some more calls and we found. that it would be a change in the dynamics of existence is the creation of the alliance second shot. but the magic could also benefit nisan if development cososts to sheded across the group nissan o has said he's open to discussions. the company's alliance witith renault has already been shaken since the arrest of the groups from a boss conoce goes in november. let's check in on today's trading action now the major european indices closed lower. way down in part by the mounting tensions between

but clearly nissan is struggling, fair to say that.have been covering, discussions over whether they should deepen the alliance, create a holding company with renault. nissan says they have their own internal problems to deal with, things they have to do like fixing brands like infiniti, and that is not something that will happen by deepening the partnership with renault per se. so interesting to see what they have to say at the top of the hour, not just about earnings, but about the way forward with renault. anna: let me bring in steen jakobsen. matt: the truck story aside, because clearly as chad mentioned it is a different market than the consumer car market, what do you think about the automakers globally? nissan,it warning from the drop in sales in india, china, it leads to the idea that maybe peak auto was last year? steen: i agree on that. we need to put that in the context of the anti-globalization going on. the car industry and semiconductor industry benefit most from globalization, and likewise would be the worst hit by a slo

renault's alliance with nissan is the unknown factor in this merger offer.ch company tried to break its partnership with nissan or would it try tng b fiat chrysler into that alliance. the questio theenault board will be pondering as it considers the offer to merge with fiat chrysler. phil lebeau,ightly business port, chicago. >> the sports illustrated brand is sold for $100 million in a rather unusual deal. authentic brands purchased the intellectual property of the iconic sports magazine fm meredith corp. under this deal, meredith will continue to publish thenaper versf the magazine and manage its website and then it will pay autheic brand a licensing fee for at least the next two years. the stock was down nearly 4% to 52.57. alibaba is reportedly looking to raise $20 blion through a secondary stock offering in hong rdkong. acg to reports the additional shares would help the e-commerce company add liquidity. shares were down a fraction to 84.51. >>> itnnounced that longtime investor hillpath capital plans to increasetstake in the company. that sent the stoc

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the tech-advanced nissan leaf. the best selling electric vehicle of all time.is nissan intelligent mobility. ♪ >>> tonight, the warriors are less than 24 hours away from competing in their nba final in 5 years. today, they lined up to get up close and personal with the warriors western conference trophies. just how excited are the faithful for game one? joe vasquez reports from oakland. >> reporter: we are outside the gates of the oracle arena. grist jones has single-handedly enjoyed his forever oakland watch party. he says he will stay up all night tonight until the end of tomorrow's game. >> like many fans, he is excited to see the warriors win the last five trophies. >> reporter: he said he has just as excited about the finals as he ever was. >> they have something intangible. this team reflects our energy. that's why we honor them this evening.>> reporter: not everybody in the bay area is cheering with as much energy tonight. 5 years ago, every shop was like the curry house, flying the flag. everyone had on warriors gear. today, not so much. make your the o

eight plus million compared to nissan. 5 million. does this give more time for him?ood distraction while he tries to turn the company around? it is a story we are going to be watching closely. right now, he is in yokohama. briefing nissan and mitsubishi motors on the merits of such a merger. >> thank you. complicated. programp here in the come alive out of beijing. jonathan gardner read >> the asian equities strategist. a lot more besides. the hang seng, down 0.4%. this is bloomberg. ♪ >> i am emily chang and this is bloomberg technology. leadership under fire. boardl hear from one member trying to change the power dynamic. alibaba is considering a mega deal that will bring china's largest

at today's meeting, nissan's ceo said he was not against the merger but added that nissan would need details to decide how to proceed. that's all from the nikkei, back to you >>> the spanish soccer team, real madrid finished the season without a trophy, but a new study has still named as europe's most valuable club. kpmg has measured the enterprise value of top clubs across europe and says that real madrid is worth $3.6 billion beating out manchester united from the top spot united has an equally poor season on the pitch. champion's league finalists livable, they're down in seventh and ninth place in that survey respectively, pretty extraordinary numbers there. >> english soccer teams chelsea and arsenal will be a long way from home this evening when they play in the final of the europa league they are to play a match which has had a controversial buildup. adam, i've got to ask you why are two british teams traveling more than 5,000 miles to play this match >> that's just because they wanted it that way the final was decided two years ago. they didn't know it was going to be two engl

renault has made a former offered to merge with nissan.sifies an effort cement the partnership and create the world's number two carmaker. the french company is proposing a tie up under a holding company structure. each company would name an equal number of executives. bitcoin has climbed to the highest since september, rising above $7,000. this as the cryptocurrency rally has gathered pace. the price has more than doubled since mid-december, and is at its highest since last september. it is a long way off its 2017 peak that tops $19,000. vision fund is injecting $800 million into u.k. fintech greensill. the investment values that 3.5 billion -- values it at 3.5 billion. the money will help it develop new technology. that is your bloomberg business flash. manus: theresa may is trying to win support of the opposition labor party to reopen brexit talks with brussels. the government is still hoping to take the u.k. out of the block by summer. poll,ing to an opinion nigel farage's brexit party could take over a third of the vote. more than the

renault is set to advance a full merger with nissan. profits are expected to slumped to the lowest in a decade. u.k. fintech, announcing an $800 million investment in greensill. we are speaking to the ceo just after the open. good morning. matt: we are less than a half hour from the start of european cash trading. take a look at bitcoin. thursday, friday, and today, just to show you the dump -- the jump we have seen. bitcoin trades 24 hours a day, seven days a week. but i skipped the weekend just to show you how much higher we have gone. $7,065 right now. and holding. bitcoin seems to beginning strength. while all other equities are tanking with the exception of equity index futures in europe. look at the futures trade. very different from what we saw in chinese stocks overnight. down 1.5%st week, again today. u.s. stocks down 2.5% last week. u.s. futures down 1% today. european futures are little changed. cac futures are actually gaining. what else do you see on the gmm? anna: fascinating to see the european equity markets. we have to

made a dramatic comeback we'll tell you why you can't ignore it any longer also coming out carmakers nissan and renault have long had a fruitful alliance that could be shaken up by reynolds plans to merge with rival fia talks about the possible tie up continued today and we are here to urge the developed countries to also revealed that management of plastic waste and stop shipping out to developing countries. why malaysia is shouting out the

nissan has resisted renault's moves to a merger. he is not necessarily opposed to the deal.enie: just to wrap up, bryan, in bususiness, how much would you u pay for a laptop t t you knknow is ririddled withth mamalware? bryan: normally, people pay to have it off, but an art piece is the exception. anonymous buyer has been $1.6 for an -- $1.6 million laptop with six of the most infamous ransomwares, including ransomware, which caused around 400 billion dollars in damage. the laptop itself is functionally isolated from spreading as viruses, but not to worry, there is plenty of worse stuff out the these days. genie, these are essentially claudette zepeda-wilkins: american is a relative term. what is american? personally i think the border is, you know, just a speed bump in between two countries. as a child, i think we took tj for granted not because it was a different country to me. to me, it was just like, "oh, it's just tj. it's where the other half of my family lives." and even iff i was in tj my entire life, being this farar north, yu are sort t of removeded from the other

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you talk about some carmakers, nissan is one, how does that play out?nissan case is one where they were planning to build a new sports utility vehicle at its major plant in sunderland, northeast england. they canceled that. and while they have cited multiple factors, one is clearly ast of brexit, insofar potential trade barriers might emerge means it is much harder for nissan to export those cars to the continent. so when nissan is deciding where they want to build their rexit thecle post-b town. -- the irony, the town, sunderland where nissan is based is the town's biggest employer. and yet sunderland voted for brexit, and quite overwhelmingly. so it can be quite damaging for that town when that plays out. jason: it is fascinating to see that nexus of politics and economics, for sure. we are bloomberg, after all, so let's talk about the city of london, let's talk about wall street banks and how they are dealing with this. i feel like every quarterly earnings call, we hear a question posed to the big bank ceos about what they are doing. they have made s

nissan could bow out of this. this protects nissan's interests. thank you, dave. go straight to bloomberg first word news. china may use its dominance in rare earth in a trade dispute against the u.s.. it includes hints from the state planning agency. resident xi jinping visited and earth plant that fueled speculation that strategic materials could be weaponize. who should lead the european union? center-right candidate but he failed to gain traction. it opens the door to a being put twice forward by france. >> my priority is to have the who canlified people make europe as strong as possible. >> im not like those who wants someone who is overshadowing heads of state or governance. , strongstrong leaders experience, and strong legitimacy. angela merkel is reported to stay in power since sturm -- untilr her term ends in 2021. publicly, angela merkel dismisses reports as "nonsense." public eurozone markets has risen. it is according to a report that says downside risk remains prominent and gave a looming prognosis for the banking industry. they warned profitability w

save billions of dollars and raised plenty of questions about the role of rondo's current partner nissan rhinos supervisory board is considering the possible merger proposed by feet chrysler the company's largest shareholder the french government is supportive equal. the government is favorable to the move but as a rental shareholder we must look into the conditions of the deal after all of this merger must be good for the economic and industrial development of renato but also for the employees that are here when the it says there will be no plant closings from a merger and both companies would gain by combining platforms technologies and markets the proposed merger would bring together 2 of the world's top 10 car makers and could theoretically create a new number one on the global market together rent own feet chrysler could possible and toyota if friend who holds on to its partnership with nissen and mitsubishi publicly nissen says it will examine the merger but the firm is said to have been blindsided by the talks relations between the japanese firm and randall have worsened since the

in tokyo japanese car maker is regarded to have been blindsided by the likes nissan is already facing nosediving profits and a tarnished reputation since the arrest of its former chairman carlos gone. general electric is considering plans to cut more than a 1000 jobs and friends that's despite the french government repeatedly urging the us engineered fairmont to do so earlier this year g.e. it was fined by the government in france for failing to meet a promise to create a 1000 jobs after it acquired the french rival al storms power business and 2050. 1 of the world's largest drug manufacturers has gone on trial in a multibillion dollar lawsuit by the u.s. state of oklahoma prosecutors accuse johnson and johnson of deceptively marketing painkillers and downplaying addiction wrists by doing so they say the company played a key role in the state's opioid epidemic. gail box is heartbroken at the loss of her son austin was a college football player at the university of oklahoma and only 22 years old when he died from an overdose of opioid painkillers here the last day i saw him was the day

nissan will, too.tnership and lately that is been very fraught due to the charges against mr. ghosn and his imprisonment. renault wanting a deep integration step nissan pushing back against that. it is not easy to say how much nissan new about what was coming this morning. they might have mixed feelings about this. anna: thank you very much. kris bryant with bloomberg opinion. breaking news, this has to do with italy and its budget come a conflict with brussels essentially. italy risks up to $4 billion in eu penalties over 2018 debt. these headlights just coming to us in the last two minutes and now having an impact on some of the assets in the market. you can see the euro dollar fairly stable on the back of this. 10 year yield, 2.62. this is "bloomberg." ♪ anna: live from london, i am anna edwards. this is bloomberg markets. mainstream european union parties mostly held their ground against nationalist forces. pro-eu liberals and the greens looked to be the biggest winners after the highest turnout in

nissan has great electric car technology.t they are brought into the alliance, those are good areas. bet claims that there will about 5 billion euros in savings a year from this merger. r&de will primarily be in costs. definitely areas where they fit well together. they both have some very well selling suv brand, the hottest market, where the profit margins are. there are some good reasons to make this fit. guideis history much of a in terms of gauging how these alliances work out? >> it is. paused on this, there is a history of challenges for global carmaker alliances. the only have to look at fiat itself. the record is mixed there because fiat chrysler alliance has worked out very well. fiat has been able to gain access to the high-margin u.s. suv market with the chrysler brand, chrysler ram trucks and jeep models some very well in the u.s. at good margin. that has worked out for them. chrysler previously had an alliance that did not work out at all. there is a cultural component. sometimes there are clashes. it comes down

the tech-advanced nissan leaf. the best selling electric vehicle of all time.s is nissan intelligent mobility. ♪ >>> eight winners on the spelling bee. >> he went to his meddle school and found excited classmates and teachers. you don't always think of the national spelling bee as being as exciting as the warriors playing in game one of the nba finals, but they both had derek watt kins' attention last night. >> flipping back between the warriors' demise and the spelling bee. >> reporter: so watkins saw the moment when a student from his school rishik one of the champions. >> it was exciting. >> reporter: he's a student in the middle school. his friends were also watching as he became one of eight winners. >> i knew that he had it in him. it was a little bit surprising, though, because there's so many spellers, but an eight-way tie is really amazing. >> reporter: his friends may be confident but rishik said on "good morning america" this morning he wasn't all that sure. >> to be honest, i didn't think so. but dr. bailey said if you get to 20 and spell your word

renault's message to nissan is that the fiat deal is good for all of us.orts to the nikkei saying that nissan says it is tentatively not against the renault fiat merger. we are also tracking the trade story. aijing is gearing up for dominance of rare-earth in its counter to the trade war with the u.s. the nation's rare earth stocks -- let's get to bloombergs asian managing editor. rate to have you with us. china weaponizing its rare earth stocks. about 70% of the u.s. rare-earth scum from china, so they have a huge part of the market here. in that sense, it could very well be one of the big weapons they have after the u.s. took action against huawei. was hintedhing that at strongly today, using language that essentially amounts to don't say i didn't warn you. they pulled this out before major conflict with india, vietnam. that's why the market is taking this so seriously right now. what about the u.s. fxring china from the manipulator? that would have been a very demonstrable ratcheting back against china? do you take heart from that? it is certainly a sig

where does that leave nissan? if at first you don't succeed, try, try again, that's what amazon is reportedly doing in new york city. "mornings with maria" begins right now. ♪ i don't want to think anymore. ♪ i left my head and my heart on the dance floor. ♪ i don't want to talk any more. ♪ i left my head and my heart on the dance floor. ♪ maria: markets are searching for direction after this long holiday, memorial day weekend. futures indicating a mixed open this morning. dow futures down 3 points, s&p futures down 2 and three quarters, nasdaq futures are up 3 points after stocks finished higher on friday on hopes of improved u.s.-china relations ahead of the june g-20 summit. that's where president trump said he will meet with china's xi-jinping. the president made a visit to japan over the weekend. in a meeting with shinzo abe, president trump discussed the state of u.s.-china trade as well. >> we're not ready to make a deal. we're taking in tens of millions of dollars in tariffs. and that number could go up ve

of course, we have seen nissan being really opposed to that merger. what will this mean for nissan?til further integration with renault. and a condition of this tie up between fiat chrysler and renault is that renault start pursuing the merger overtures they have been making to nissan in the short-term. that will probably make nissan happy. they want to focus on revising profitability with full-year profit expected to fall to the lowest in a decade and things not really tracking a long they would like amid all the turmoil. carlos ghosn as well. this probably is something that is a silver lining for nissan. they are not particularly happy with this idea of further consolidation. they do not see scale and volume right now as being the answer to this situation right now. in beijing,'brien thank you for joining us on that very. let's get a preview of what to watch in markets later on this morning. get over to sophie kamaruddin. we are watching shares of china construction bank and others state-owned lenders as bernstein anticipate they will come under pressure in the near term after chi

that they have this global alliance with nissan that is on somewhat shaky ground now as you mentioned because the c.e.o. of both companies and the architect of that alliance carlos gone is in is in a jail in japan awaiting trial. and the 2 companies are negotiating kind of a new arrangement under the alliance so renault in a way this f.c.a. offer is very good for them because it will give them leverage to get what they want possibly out of nissan but they also stand to gain some some real benefits from from teaming up with f.c. i think well if if it looks so good on paper i do you think it says quite an easy mark it's a complete specially given the size. no. i mean they can cut the deal if if if for a nose board wants to do the merger with f.c.a. there won't be any he difficulty in achieving the merger the difficulty will become in making it work because as we have seen there's really been no automotive merger that has worked very well for ca as you know. with the possible exception of f.c.a. itself before f c 8 before fia took over chrysler you know chrysler had spent years in this u

this is nissan intelligent mobility. ♪ >>> well, good morning to you.heck shows that at least one of them is in the red. that's the bay bridge this morning. but only a four-minute ride from side to side there on the bay bridge. certainly nothing like what we saw yesterday thankfully. all of the other bridges look good to go. starting to back up a little at the richmond toll plaza. everything else looks good to go. i'm tracking the rest of your travel times coming up. >>> target is recalling 90,000 usb lightning charging cables, due to shock and fire has arounds. the consumer product safety commission says metal around the cord can become electrically charged if it makes contact with the wall wrong while charging. target has received prospects of 14 cables smoking. target is looking for a full refound. >>> may not be a magic number this weekend. researchers found patients who hit 4400 steps a day have a lower risk a day. compared to women with lor s with more steps. the difference, it only decreases up to 7500 steps a day, before leveling off. >>> bike t

the tech-advanced nissan leaf. the best selling electric vehicle of all time.tioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org ♪ are you ready y'all to have some fun ♪ feel the love tonight don't you worry ♪ where it is you come from it'll be all right ♪ it's the late, late show >> reggie: ladies and gentlemen, all the way from inside of

renault now because of their difficulty now with nissan that they have this global alliance with nissan that is on somewhat shaky ground now because the c.e.o. of both companies and the the architect of that alliance carlos gone is in is in a jail in japan awaiting trial. in the 2 companies are negotiating kind of a new arrangement under the alliance so renault in a way this f.c.a. offer is very good for them because it will give them leverage to get what they want possibly out of nissan it for a nose board wants to do the merger with f.c.a. there won't be any he difficulty in achieving the merger the difficulty will come in making it work because as we have seen there's really been no automotive merger that has worked with the possible exception of f.c.a. itself putting together the operations of 2 auto companies in a merger situation where both sides feel that they're equal is terribly difficult. the cricket world cup begins on thursday with a matching team such as afghanistan aiming to make their mark in the sports they play the defending champions australia on saturday was the best

this is nissan intelligent mobility. ♪ >>> well, good morning to you. a new trouble spot to report to you. westbound direction highway 4. past antioch. there are reports of a vehicle fire that does have some lanes and the right shoulder blocked. so far, we aren't seeing any delays. but this is a busy trouble spot every morning. in fact, let's take a look at our travel times. east shore freeway. your main travel time in through the altamonte pass is slow and go now up to 50 minutes. >>> measles cases have soared to a record high. 971 measles cases have been reported in the u.s. this year alone. that is the highest number in nearly three decades. cases have also been reported in more than half of all u.s. states in new york. measles was declared eliminated in 2000. but the cdc warned we might lose that in fall. >>> in healthwatch this morning, new data published in the journal of national can ser institute find that cancer is dropping. it has decreased in men and stable for women. they also found new cancer due to excess weight and physical inactivity are