thank you very much indeed, lars jorgensen, ceo of novo nordisk., the start of the credit crisis. is the alarm bell now bringing when it comes to european -- ringing when it comes to european credit? we will discuss that, next. this is bloomberg. ♪ and fury. trump rockets up the rhetoric against north korea. is volatility priced correctly given the geopolitical risk? on hazard ahead. 10 years on from the start of the financial crisis, are investors taking on too much risk in credit? and the nine lives. parliament saves the president in his eighth no-confidence vote, sending the rand lower. we will be joined by the head of goldman sachs in south africa to discuss. welcome to "bloomberg markets: european open." i am matt miller in berlin alongside guy johnson and bloomberg's european headquarters in london. much indeed.u very we are pricing in what we have seen in terms of the geopolitical risk in to european equities this morning. these do look like big moves, but relative to where we have been over the last few days and weeks, they are slightly abo

, the case for novo, it's a high quality company. there are a lot of structural growth drivers in that you have a lot of bad habits around the world which is causing a diabetes epidemic which gives massive tailwind to the growth and it is a company that doesn't report the earnings about the bad stuff, what you see is what you get. and it hit an air pocket a couple years ago, which allows i think, longer-term investors that really like the company but didn't like the valuation to get back involved. and now you're seeing better earnings, and you're seeing better data that will help them sell drugs again >> another sector that you like, but not necessarily recommend, i just want to keep your compliance officer happy, is banks in the eurozone, intesa, et cetera, is this still the european debt crisis >> it's partly that, but also a realization that, yes, there is still a lot of banks in the eurozone that need more capital. these are the tier 3 banks the tier 1 banks have enough capital. there's a realization that i think in european poli

nordiskt to novo because we have some breaking news coming from them. ad-quarter eb comfortable beat. 12.34 that number, they see full-year guidance at 1%. on a sales level they have in.en on what was penciled we will have that conversation little bit later on for novo nordisk. :00 a.m. u.k. time. this company is very much in re.us thei those are the three breaking stories fresh on your plate at 6:34 a.m. in london. in expanding dutch economy help the bank more than double its profit. is keesus on the phone van dijkhuizen. great to have you this morning, welcome to the show. talk us through the numbers, it looks like it was a good order for you. give us a sense of the dutch market. kees: good morning. it's a related to the sale of a private banking asia, compared to 662 million a year ago. that's 5% up. it's driven by a very good performing dutch economy which is good for the clients. the european economy is doing well also by the way. we see growth across the board. margins, and a robust capital buffer. manus: the sustainability of the european and dut

. >> the couple agreed to pay de novo studios to film the wedding.hree cinematographers shot wedding for ten continuous hours. though they paid for most of the contract, a year later they tell us they still have not received the promised video. >> after the fact he said, you know, it will be ten days after the wedding or something and we didn't hear tr him. i kept going on like that. >> they say the owner of the company, mathieu groza was in january. there are complaints about the closed company on yul p. one of the couple that got it blamed him for ruining one of the most important aspects of our wedding day. he responded, if you think we ruined your wedding day you should be glad we preserved the files and sent them to you. deleting them would have ruined your wedding day. >> we tried to track down matthew groza reaching out to him on instagram, on twitter, knocking on doors of plef addresses in oakland and in palm springs. we even left messages with his parents in oregon. >> hey, matthew, michael finney from 7 on your side. we have a lot to talk a

. >> the couple agreed to pay de novo studios to film the wedding.inematographers shot wedding for ten continuous hours. though they paid for most of the contract, a year later they tell us they still have not received the promised video. >> after the fact he said, you know, it will be ten days after the wedding or something and we didn't hear tr him. i kept going on like that. >> they say the owner of the company, mathieu groza was in january. there are complaints about the closed company on yul p. one of the couple that got it blamed him for ruining one of the most important aspects of our wedding day. he responded, if you think we ruined your wedding day you should be glad we preserved the files and sent them to you. deleting them would have ruined your wedding day. >> we tried to track down matthew groza reaching out to him on instagram, on twitter, knocking on doors of plef addresses in oakland and in palm springs. we even left messages with his parents in oregon. >> hey, matthew, michael finney from 7 on your side. we have a lot to talk about.

styles included the colonial revival, the mission, the secessionists, and the art novo to name but a few of the most popular. this copy percolator -- copy percolator includes the panel shaped burn -- copy percolator includes the panel shaped urn, the turn handle, lacked to look like ebony -- black to look like ebony. quite a stylish show. but in case the original purchaser was not satisfied, and added touch of excellence and extra cost, of course, can be found in the cut glass basket. most of these are plain and of course, you could put your coffee into this basket right here and this is cut glass. this item came in three sizes, you can see here in the ge can log -- catalog from the same year. it came in many finishes. silverplated. back. manny bowman designs this popular chafing dish in the mission style for the woman who wanted to express modernity. it provided a measure of insulation from the heat of the hot plate on the table. this particular example -- you can see how it works a little bit. this little lever here is a clamp and it was thought when you placed this apparatus on th

morning about whether you still use a pc or you have moved to tablet or smartphone, after the trouble novor juggfing live without three screens for juggling open files. the laptop will be hard to beat. i thought it was going the other way, people moving back to laptops because of the limitations of tablets, interested you get your thoughts on this, do you get your thoughts on this, do you still use desktop, laptop? almost inclusively using a tablet these days, in the office i clearly use a desktop computer, but i hardly use a laptop at. what in work you use a desktop... now maybe a division between home and the work space and what we use, i don't know. moving on to some of the business newspapers, we ask you to take a quick read through this story on the independent, nodding on these tragic events in barcelona. what is your rate? clearly tragic, and the key ta keaway rate? clearly tragic, and the key takeaway is how sad this is from the families and friends of those killed, and injured, rather than any economic takeaway, the impact on the market and the economy is likely to be negligible, c

talk about the technology novo has made.hat -- withat might go on sale this range of toys. they have new technology they will be rolling out with this array of toys. they have not disclosed what they are. earlier this year, they did created they have headsets with lenovo that you originalgames from the star wars, like a chessboard of life creatures. a headsetu have already, don't you? know toot, but i do much about it. the headsets are expensive. we will see how that rolls out. vonnie: i will borrow it when you do get one. talk with former minnesota governor tim pol anti-. be sure to check out tv on your bloomberg. ♪ is 1:00 in washington, 6:00 in london, and 1:00 in hong kong. i am julia chatterley. welcome to "bloomberg markets: the trump economy." here are some of the top stories we are watching this hour. drama over the debt ceiling. donald trump calling out mitch mcconnell and paul ryan on twitter for the latest mess. growingpeak about the divide between the president and republicans with warmer minnesota governor

. >>> welcome back to the show let's tell you about some corporate news novo nordisk has announced a new diabetes drug succeeded in a trial. it sets the stage for the drug to become the new therapy for type ii diabetes the once weekly drug was shown to be significant in reducing glucose levels and lowering body weight >>> like for like sales at kingfisher fell nearly 2% in the second quarter the owner of b&q and screwfix in britain said a weaker french market and poor sales dragged down numbers kingfisher said it remained cautious on the second half outlook. >>> vestas maintained its 2017 outlook as second quarter results came in below forecasts. the danish wind turbine firm kept it's full-year outlook. earlier we spoke with the vestas ceo. take a listen. >> it would be better in my opinion if u.s. would stay in the paris agreement. on the other hand, what drives the market and will drive the market up beyond 2020 is the current structure in place in the u.s. that has the broad bipartisan support support. so that drives the market through the 2022 time frame. we don't expect changes

opposite directions, starting with vestas, the wind system system posted weaker-than-expected results but novo is on the rise up 2% a late-stage trial showed the company's once-weekly diabetes drug met its main goal of reducing glucose levels in patients carl, back to you. >> seema, thank you very much. >>> there's a lot to watch in retail we had the earnings in walmart along with the discussion of how ceos are responding to the political divide we're joined by michael gould, former bloomingdale's ceo. great to have you back, good morning. >> good morning. >> we got good retail sales numbers. the guidance has been good but even those companies that have decent results are overshadowed with this concern that amazon could swipe in and steal their business how is the story evolving, do you think? >> i think if you look at walmart's earnings today, i think they were terrific i think from a point of view of the sales line i read the food business was the best performance they've had in five or six years, the online business which they are really going after was up over 60%. we were on holiday last

so take a look at the polymetal and randgold novo nordisk specializes in diabetes care. raising growth targets for the year carl, back to you. >>> michelle, thank you very much michelle caruso-cabrera. disney leading u.s. stocks lower this morning, and investors are watching growing political tensions with north korea. joining us this morning from palo alto, always good to check in elevation's co-found er, roger, good morning to you >> good morning, carl. how are you? >> i'm good. you have been cautious for the last year or so, i can't imagine how you feel now that things are getting a little spicier between us and the north koreans how does this change your thinking, if at all? >> it just makes me -- it keeps me up at night and, you know, i don't -- i've been alive for 61 years and i've never seen anyone conduct foreign policy this way before and i think this is an experiment where, you know, if it doesn't work out well, the consequences are horrific. and i just don't think we should be running experiments like this >> we're clearly not doing this alone, right i mean, t

. >> after dodd/frank we have not had single de novo startup community bank in the state of new york since dodd/frank. in my district, we've talked about this, it's growing grass over old banks. the local banker that provided the farmer with the loan or the small business, those days of community banking and the relationship with your consumers and family are over. it's all this big bank interference. >> you and i should have another complete conversation. >> love to talk about it. >> reasons are the same, conclusion. we always come in and talk about business which people are interested in. >> thank you. >> representative claudia tenney member from upstate new york. in just two hours total solar eclipse will begin in the united states starting west and making its way across the country. you're looking at crowds in portland, oregon. next going to mount pleasant,, south carolina, in the path of totality. there they are. we're coming to you after the break. ♪ looking for clear answers for your retirement plan? start here. or here. even here. and definitely here. at fidelity, we're avail

and novo nordisk reporting better than expected results also raising its full year outlook, however it says it expects prices in the u.s. to be lower next year due to rebates >>> still ahead, we'll cover all the morning's top stories from the escalating tensions between the u.s. and north korea which is having a market impact for the first time to disney's major shift in streaming plans, plus how global threats could impact the markets. your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. >>> breaking overnight, north korea says it is looking at plans to fire missiles intot theithe u.s. territory of guam we'll bring you the latest >>> and disney is ditching netfl netflix. will the bet pay off >>> and beverly hillbillies home is up for sale w

. >>> novo nordisk shares rise as the danish drug maker posts better than second quarter operating profit >>> and powering down, eon says it is losing customers in britain. we'll speak to the ceo in the next couple minutes. if you're just joining us, a quick look at u.s. futures and we're looking decidedly negative the dow jones set to lose 35, similar point losses for the nasdaq and s&p 500, could fall by a couple points, nine or so and stocks did turn modestly lower yesterday after trump's stern warning to north korea the dow losing 0.1%, the s&p off by a quarter of 1% and the risk aversion is also very much visible in the european markets this morning. ftse 100 under pressure. and xetra dax accelerating its losses, off by a little bit more than 1.25% and cac 40 off by 1.3% what is hurting equities is benefitting over asset classes such as the safe havens of course treasuries gained on the report, but also gold and some of the safe haven currencies likes yen and the swissy the swissy is flying high against the u.s. dollar, and also against the euro. 1.13 is the handle there and the doll

novo nordisk trading recently. trading to the upside.is the kind of makes you are seeing this morning. interest -- it is interesting that the banks have softened up a little bit. i wonder whether that is just a reaction to what we saw yesterday vis-a-vis the fed. little bitaccounts a later on. president donald trump's business forum has been disbanded, this after a growing number of ceo's quit in protest of the president's response to the violence we saw in charlottesville. larry summers spoke to bloomberg yesterday about this news. larry: by encouraging the president to stay away from his embrace of white supremacy, he might return to the economic fores that are important many of these companies. you know, the purpose of tomorrow -- of yesterday's conference as it was billed by the white house, was to focus on streamlining infrastructure approvals, something that is iny is america -- america's corporate interests. that was entirely lost because of this. guy: larry summers speaking to bloomberg. .eoffrey yu draw a lineo between what is h

as far as the winners, you have a much more diversified group of baeanies with roche, systems, and novo the pack and adding points, although obviously, not many, and certainly not enough to see gains in these topics is hundred to the index. the stoxx 600.-- sebastian salek. suppression: the u.s. senate had the nomination was approved on a bipartisan vote of 92 to five. president donald trump fired james comey over the criminal probe into russian meddling in the 2016 elections. deutsche bank's most likely brexit scenario forcing 4000 jobs to continental europe over the next several years. according to people briefed on the planning, the bank would transfer most of the positions to frankfurt and berlin. they said no plans have been finalized and the actual jobs could transfer to be higher or lower pending on the outcome of the negotiations with the e.u. a deutsche bank official declined to comment. investors in venezuela are losing their resolve amid sanctions turkey government officials and power grab my president maduro. the country's bonds have lost almost 1/5 of their value in the pas