with the nokia yesterday, and the day before it was a proper innings, he stopped them basically fromwin. he was awesome and i think yes, he batted superbly. 3a long ovaries at him and he did not give me a chance. so it must be cursing for him by the innings that he showed yesterday, you can see the standard of international cricket. we help you step up to those same standards and congratulations on getting your caller. let's round up some of the day's other sports stories now. rugby union , the wales and lions full—back lee halfpenny will miss the scarlets' pro14 semi—final against glasgow on friday with a slight hamstring tear although could be fit for the final if scarlets get there. chris froome is still off the pace at the giro d'italia — after stage 10, he's tenth, two and a half minutes behind the leader. but the man in the pinkjersey is still britain's simon yates, for the fourth stage in a row. he finished safely in the main pack to extend his lead to 41 seconds with 11 stages left. british number one kyle edmund will face world number 16 lucas pouille in the second round of

nokia there at the top. nokia has had a pretty good run.ot of companies here that have had a good run since apple. asml is up there. vivendi is a gainer as well. a lot of tnt companies doing well in today's trade. guy: the turkish lira week tongue a record against u.s. dollar. we have inflation data out this morning. we saw -- you have a core inflation number. let me read you the details. 12.42% in april. we saw some of the very strong data coming through in terms of the producer-price numbers as well. producer-price inflation running hot as well. we have an upcoming election which is in the mix as well. as you can see, another leg higher for the u.s. dollar versus the turkish lira. put that in context. look at the move that has been working against the turkish lira over the the last few years. it has been a one-way travel for that currency. matt: a lot of executive afferses. bayer is another one. the german company pushes to close its $66 billion purchase of monsanto. we have seen this currency effect hitting others in year. notably adidas

nokia is selling the business to the cofounder of a french startup they acquired in 2016.ming music giant spotify reported 75 million premium users in the first quarter, leaving investors disappointed. for more i want to bring in caroline hyde. here with me in san francisco is alex barinka. shares are down. why are they disappointed? alex: i don't know if it is disappointment. it might have to do with how the company got public. spotify went public in a direct listing. they said all of our shareholders can sell their shares now on the open about a month ago. not as many holders sold as expected in the early trading and now the stock is up from its open price. i have a suspicion the good old-fashioned profit-taking is going on here. they are taking this opportunity to potentially selloff. when i dig into the numbers, everything is in line with company guidance, analyst estimates. i am left scratching my head as to what they are disappointed with unless they were expecting astronomical growth. emily: that is the question, will spotify have growth of some kind in the future?

obviously, nokia did not work out. linkedin, you say it is working, we will see.ou like to move to? john: anything that strengthens the relationship between our cloud and a broad network of users. iot, commercial things for industries that generally have not moved to the cloud. those are the places that represent big opportunities. emily: what should microsoft be doing to advance more quickly in the emerging world of ai? john: microsoft has a huge investment in ai and machine learning. if you look at the most recent restructuring of the company, we allowed harry shum to continue to run ai as a research operation, but we also integrated many of the functional components of ai into the operating teams driving the revenue day in and day out. what i think you will see is ai machine learning becoming an important part of every single platform that microsoft and every company in the industry has. ai will be the future. emily: do you see a negative side of ai? do you think it will be more positive? is it up to companies to be responsible in the same way that we need to b

nokia down to the tune of 3%, the one hit the most. >>> you can get a vote in the program today. don't forget you can e-mail us also on twitter this morning, get involved with the show also you can tweet me directldirectly directly @cnbckaren. >>> st. louis fed president james bullard will be on at 16:30 cet. a bathroom disease. you're a life of unpredictable symptoms. crohn's, you've tried to own us. but now it's our turn to take control with stelara® stelara® works differently for adults with moderately to severely active crohn's disease. studies showed relief and remission, with dosing every 8 weeks. stelara® may lower the ability of your immune system to fight infections and may increase your risk of infections and cancer. some serious infections require hospitalization. before treatment, get tested for tuberculosis. before or during treatment, always tell your doctor if you think you have an infection or have flu-like symptoms or sores, have had cancer, or develop any new skin growths, or if anyone in your house needs or recently had a vaccine. alert your doctor of new or wo

well,han 1% crh as another good day for nokia. another day on the upside for bayer.ot of energy companies rising today.] take a look at the losers. two out of the top three are ex-dividends today. that is the reason for them to drop. results at bnpg paribas. trading results at bnp paribas. keep an eye on ing. >> it's all about the banks this morning in many ways. an absence is coming out from the world's biggest banks. share is notllion enough to say to investors this morning -- stae investors this morning with hsbc. overnight. this technically is europe's biggest banks, a global bank with a massive asia focus. overnight. this came as revenue was announced and profit -- in pro fit, but below expectations. cost rose 8% on an adjusted basis. returning to the shareholders up to $2 billion worth of buybacks, in addition to $.10, dividends have been at a stay. i think the strength we are seeing could be coming through a number of the markets. >> a lot of bank news out today. gainsg out on the trading that boost its earnings in the first quarter. socgen posted lower than e

if you look at the nokia deal, steve felt strongly about being in the mobile business.t was an important thing to do. if you look at the linkedin deal, soft jim felt very strong about being in the social media business, and they have had a wildly successful transaction. if we can do another linkedin, i am all in. emily: other areas that you are interested in? obviously, nokia did not work out. linkedin, you say it is working, we will see. sometimes it has. where would you like to see them? john: i think anything that strengthens the relationship between our cloud and a broad network of users. so iot, commercial things for financial services or industries that generally have not moved to the cloud. those are the places that represent big opportunities. emily: what were -- what should microsoft be doing to advance more quickly in the emerging world of ai? john: well microsoft has a huge , investment in ai and machine learning. if you look at the most recent restructuring of the company, we allowed harry shum to continue to run ai as a research operation, but we also integ

the dividend impact we see is going to be national grid going ex dividend, nokia going ex dividend.ing ex dividend. we do see total down, as well as bp. we see the price of oil moving up and energy stocks gaining. equity trading getting underway, going through the numbers right now. , alowing a rebound in asia strong rebound in some cases as investors just market reaction to italy's political turmoil as overdone. at too concerned yet about trade war rearing its head. joining us is mark cudmore, bloomberg mliv strategist and with me on set in london, the senior independent client advisor. mark, justoff with to get your take on what we saw in asian markets. not a lot of and concern about donald trump and his trade war. partly because we have heard the story so many times before the last couple of months. the trade risks are real and valid, but investors are realizing you don't have to have the knee-jerk panic. you can take time to see what will come through, what will transpire, which threats will be delivered on and what that will do to the economy. the trade risks are real and conti

like you going to a biscuit chased a nokia of a vote it will. still get to be on a double life. one false. media on the types that are by me. and him to top. up show we start now you're free of course or. the institute of national remembrance in poland who lobbied for legislation to demolish soviet era monuments including statues of red army soldiers on june the twenty second twenty seventeen the polish lower house approved this law. tomiki the visit of each of only twenty of us when us took the mucho visible a newbie it's been naked love is what it should be at all visible in years yet to be scotia was should lend those the futile you push in shelton she built a bit of food is a pony in the time of. venus is what happened to poland when it was occupied by the third drawing nine hundred thirty nine it ceased to exist as an independent state. but polish textbooks ignored this. serious concern years it was up a cigarette check it out of let's go there goes at this but gee bosko they really chris it doesn't. taste. good but it. don't read the. weakest us in the states they know the

and he's suing nokia — the mobile phone company — for compensation. tumour on a nerve between his ear and brain, which has left him partially deaf. now, the world health organisation says that a large number of studies have looked into mobile phone safety and that no adverse health effects have been established, but neil and his lawyer have spent six weeks building up the case, and he'll be the first brit to sue a mobile phone company on these grounds. hejoins us now in his first television interview. good morning. tell me about when you first realised there might be something wrong with your health. probably after a couple of years of using the mobile phone that i started to develop headaches and a bit of facial twitching and memory loss. i went to my gp, as you would, and they referred me for a health check. and a hearing test and that resulted ina scam and a hearing test and that resulted in a scam and ultimately found this tumour which my consultant at the time identified as a acoustic neuroma. and he sort of suggested, do you use a mobile phone,

economy minister colombia said for a run of photo elect a new president after sunday's election produced nokia win a conservative even duke a critic of the fact peace deal got thirty nine percent of the vote he will face left wing challenger gustavo petro in three weeks more than two million afghans are at risk of severe food shortages because of a devastating drought unipod says below average rain snow fall and precipitation since december have affected twenty out of thirty four provinces with the hardest hit zones in northern and western afghanistan the lack of water is that many farmers to delay planting crops and reducing the size of their fields afghanistan has three harvests during the year and we've lost the first one which accounts for about fifty percent of the entire harvest and so if we've got two million people who've been affected so far i do fear that with our quick action now but number can grow precipices make sure lanka has launched a criminal investigating for investigation following an al-jazeera report on suspected match tampering in international cricket the investigation

analytics to transportation energy and utility companies like american water, young, and fedex, market -- nokiaal ericsson look young wireless in response to a logan saloon for such are spending. an uber has hired the former chair of the initial safety board to advise the company and is important investigating the attack becoming arizona -- investigating the tempe, arizona collision that killed a woman as she walked across the street in march. the accident shows the driver looking away from the accident and the car colliding with the pedestrian without visibly at that because stop. in the meantime, a report in tech news publication says that uber's internal investigation determined the sensor's spider woman ever cracking software to avoid unnecessary braking to the car to continue. that does it for this edition of "bloomberg technology" in the -- technology." on tomorrow's show, we talk with the founder and ceo of social capital. that is all for now. this is bloomberg. ♪ yousef: this is "bloomberg daybreak: middle east ." he isl announce whether pulling out of the nuclear deal. hereon warns --

if we are looking at the nokia deal, it was about being in the mr.hompson: that is a tough mobile business. it was an important thing to do. if you looked at the linkedin deal, sasha felt very strongly about being in the social media business and linked it been a wildly successful transaction. if we do another linkedin, i'm all in. emily: any areas that you are interested in? it is working and we will see a time to pass. where would you like to see that? mr. thompson: anything that strengthens our relationship between our cloud and a broad network of users. iot, the commercial things, industries that generally have not moved to the cloud. those are the places that those are the places that represent big opportunities. emily: what should microsoft be doing in the emerging world of ai? mr. thompson: microsoft has a huge investment in ai and machine learning. we allowed herein shun to n toe allowed harry shui continue to run ai as a research operation. we also integrated many of the functional components of ai into the operating teams driving the revenu

nokia, anheuser-busch all trading to the upside this morning.hub the flatline, i think the story and the push away from all of this is the fact that we have seen a very solid week. asian stocks also delivering similar performances as well. we have seen some really decent performance is coming throughout this week out of asia despite some of the market being closed. we have obviously got the malaysia story to factor into all of this as well. stocks generally having a pretty solid time right now. let's bring in our guests to talk a little bit about all of this. office, head of the u.k. at wealth management. stocks are doing well. are investors comfortable with where they are in terms of the cycle? >> there are probably two words we should ban. story isthe earnings coming to the forefront. people are stopping to look for the positives. had a goode have run, you're going to leave a little bit more on the negative and looking for reasons to sell. now, i think that is exhausted. we have gone through a relatively neutral. -- neutral period. tailwinds a

some companies choose the wrong path and end up getting left behind sprint, nextel, nokia and erickson had problems transitioning to 4g. the transition tripped up a number of players not just geographically but a number of companies. i don't know that we have a sense yet who is best positioned but someone will lose. >> watching the gaming console demonstration yesterday where basically you can attach the console to your phone and 5g and the phone mirrors up to your tv, you don't need an x box anymore. you don't need the computing power in the home any longer because the latency is gone and so it doesn't have to be there you can connect to the network at such an incredible speed. there's one example, for instance, where at least you can think about what it will mean for your nextinterview, you ma want to ask him, what will happen to x-box when 5g becomes more ubiquitous in the home? >> what do you make of all this? does it explain why the white house is calling -- calls 5g a national strategic comparative >> for me 5g cannot come too soon i mean it -- the technology economy depends on n

nokia is having a solid day. some of the banks are looking ok.is happening in the re story. 0.3% but weading up are watching swiss re carefully. this picked up on friday. it looks like it is softening up a little bit. let us look at the bottom half of the market. some weakness. phillips is trading. that is one of the big losers on the european trade today. let us get a bloomberg first word news update. >> donald trump's lawyer is leaning against making the president available for an interview with robert mueller. donald trump said would not have to comply with a subpoena from miller -- from given.mueller if it was giuliani said -- how can i ever be confident of that." abandoning the iran nuclear deal would be a mistake according to boris johnson. he is embarking on a two day mission to convince the trump administration to not walk away from the historic agreement. meanwhile, the iranian president said the u.s. would quickly come to regret its decision if it chooses to pull out of the deal. iran has spoken out against higher oil prices signaling a

clearlythink there is a -- matt: nokia is up. siemens is up. starting to make any kind of seem out of that. matt: the banks are doing well. ing group up as well. guy: let me just go to grr. matt: we talk about consumer lvmh is again or today. we are seeing that affect that we talked about. some of those stocks overseas technologying from coming through in making the second-most gained a stock here in europe. let's talk about what we are seeing in these european markets as they are opening. asia did not take that much away from the apple story. we have certainly been paying attention to that. markets are up, but the dollar continues to be a big feature. got the fed. matt: we have a great dollar chart. it is a very exciting chart. let's bring in philip -- peter. thank you so much for joining us this morning. what do you think about they strength we have seen in the dollar over the last few weeks? does it make a big difference to the way we see european stocks trading? peter: i think that there are two factors that justify the rise in the dollar a

the energy nokia. the car companies all down but this is more than trade headlines. the european economy is much weaker did you see the numbers overnight? the manufacturing pmi. look at the european earnings. the stock 600. up 3%. we're up 26% in the united states look at the outperformance you see the orange line. that's the united states s&p 500 in one year up 13% bottom line that's europe. it's flat. we're far out performing because the u.s. economy and the u.s. stock market, u.s. earnings are far out performing european earnings that gap is only getting wider you can see this in the tiffany numbers. look what happened with tiffany. jim mentioned the 7% good numbers but look here. america is up 9% japan up 9%. europe down 9% the european economy is weak right now. as for the retailers, the guys told you this. i think the key point is tiffany's raise their full year outlook overall. low's missed and reiterated their full year guidance target missed but their guidance on q2 seems not that bad overall in retail trends we're reaching the end there's some trends here i

in the past, we saw nokia, motorola, paul, blackberry fade so quickly when their phone's moment in the was up >> disappeared >> and i think to some extent, investors are afraid something like that would happen to apple. this past quarter seemed to suggest apple is different as the phone itself growth-wise seemed to fade, they made a more expensive phone that is the most popular model and then there's the services business, which i hate calling services because much of it is transactional but it does benefit -- >> it's subscription based >> not all of it >> it's like, do you spend another dollar and you just say, yes, i'm going to spend another dollar on cloud services it's not really a thought, am i going to buy cloud services right now. it's an automatic, rote thing that you do. >> a lot of apple services, if you dig beneath the service, is really in-app purchases and those are moment by moment decisions. yes, they are driven by phone sales, but it's not as if all of it is recurring. >> guys, we got to leave it there. thank you to jon fortt and to paul meeks as well >>> still ahead, s

canada.es us go for you have got nokia, a fantastic currency that you should buy regardless of the oillace. the fx market knows when to sell, but we are not sure when to buy. just buy the dollar is the mantra at the moment. you buy the dollar against those currencies that will suffer when oil price rises. francine: you are staying with us. we will get to the viewer questions on the bank of england and the ecb. up, our u.s. -- 8:00 a.m. in new york. this is bloomberg. ♪ berg. ♪ francine: this is "bloomberg surveillance." juliette and francine from london and new york. tom keene has the day off. this is a great question. this viewer is asking david, could lots of the elite rate hike be one and done, and if so what does it mean for eurosterling? i think it is all over. can you hear the screeching of reverse gears from ever central-bank? and newsweden the u.k., zealand backing away. we have seen that in the u.k. where the central bank is one and done. it is all over. sterling fell to the point where the wags were saying the great british -- it was unusual to see one of the biggest currenci

telecommunication particularly -- coming -- ze zte undercutting state support of private companies ericsson nokiarld in order to gain this dominance they want to take and make china center of enforcing technologically advances i think the president i understand he feels he is got a great relationship with xi and i understand wants to help out qualcomm but ought to keep two bigger imperatives in mind. >> that is why blocked qualcomm detail with qualcomm because of national is president about to give away the the other doing away with national security concern? >> yeah, look, one thing that troubled me deeply in the coverage yesterday that said the president would help out zte, and one of the places -- help out zte is diminish or end the administration efforts to rein in chinese, on march 23 administration put forward a challenge in action, about world trade organization, that trade lawyers tell me a very well prepared well drafted action to stop the chinese from stealing intellectual property in american companies we got a lot of difficulties getting it done because wto doesn't have really strong