panasonic, the exclusive supplier of batteries to tesla said it was unable t determine how much of the cobalt used in the tesla batteries had come from cuba it suspended its canadian supplier after reuters asked about the cuban cobalt. >>> coming up, atlantic council ceo fred kempe will talk trade,

i am not saying panasonic will be the partner, but you will see someone.l be announced over the next months. jessica: two contenders have emerged in the race to succeed morgan stanley tj gorman. candidate will become head of international operations. gorman has been shuffling senior executives to groom his successor, although he has indicated he plans to stay on for several years. france will meet either england or croatia in sunday's world cup final after defeating belgium in st. petersburg. the 1998 champions held off a fast start from the red devils to gain the upper hand. one defender had his only goal of the game in the 51st minute. tomorrow, croatia will play for a chance for their first ever world cup final as they meet in 1966 champions, england. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. thanks very much, jessica. let's get a quick update on markets. trading in new zealand underway for half an hour, just turned a

don't they primarily have panasonic as their battery partner?f battery makers, there is a long list of them. i saw and that you tariff list, ev battery makers. that would make it more catalyst for chinese or other auto parts suppliers to possibly partner with tesla. we have a company that was just listed which is the largest ev battery maker in the world now. so that is a potential partner for tesla. maybe another internet company. one reason they partner with tencent is probably for the tool.g in china you cannot really use google or yahoo! maps. you have to use something local. there may be some of those related partnerships. but that brings up another huge hurdle for tesla, because president donald trump is really trying to steer away from chinese companies grabbing u.s. technology, and tesla obviously is known as a high-tech company. bring inla does another chinese partner, it's going to go through a lot of regulatory scrutiny. we've heard him target harley davidson already when it comes to building a plant outside of the country. do you thi

panel panasonic in a time where there's a. huge even natural jan. and ten of them being a volunteer army most analysts of the. people work of over there and. i only really had a good hour. far the network. the me. but it was easy to. go over. there are those are the have i was good to hear our very serious our youth are very well. marks going to them which a reservoir to eat there. well you say if the from the. video their company does the intones are going to go to the minus american movie. you know or are you really girly in there because your mother does it deal down with her father though. when only results are going to the mortuary are going to ask to convert the holiday time back to the set of loci along with your mommy busy don't worry that the secular hero journo go to town with over a little and so. i do know i see it on a similar journey maybe that's a. good thing oh yeah i'm on one of them all today you know anything. your demo tell us what you know now you'll. see some letting up and soon as you get out of the political media used to. le

if you're panasonic, tesla, you have a factory cranking out batteries. do they need to install any different hardware to use this at all? >> no, that's a big difference between what we work on and what others work on. we can drop into their giga factory. let's take tesla as an example. the main play capacity is 50 megawatt hours. ours becomes 65 or 70 without any investment in cap ex. that's a very attractive proposition. >> so are you talking with them? >> exactly. we haven't announced anyone other than bmw as our partner. more announcements coming in the future. >> it's interesting you brought up bmw. one of my theories about tesla, gorgeous car, the reason you really want it is range. i mean, there are lots of electric cars out there and they go 80 miles and that's worthless. at what point, maybe it's soon, does the bmw catch up to the tesla? i mean, if my bmw electric car can go 300 miles, i'm real interested. >> we're working with other car manufacturers to make them go long range and an affordable price. next year you can buy cars that go 200, 300

watching for reaction in honda and panasonic shares. they have been down so far this morning.cking the markets. meantime, more breaking lines crossing the bloomberg terminal out of the u.k. 'resignationis letter has been released. he says the u.k. is more likely to stay in the customs union in the single market. more likely to break the manifesto pledge. we are also getting reactions. the labor leader is saying the davis resignation shows that theresa may has no authority left. scathing words. and one of the main brexiteers who could be a candidate to replace miss may is -- says this is a serious mistake that has led to davis quitting. is still developing. i expect we will still be parsing what is happening over the next few days. let's get the first word news. a lot of news today. roslyn: more on the brexit story. and steve baker have resigned over theresa may's plan. after saying the plan is unworkable. may secured overall cabinet backing but it is under attack by hardline budgeteers. mike pompeo has shrugged off pessimistic appraisals of the weekend talks, saying north kore

panasonic, the exclusive supplier of batteries to tesla said it was unable t determine how much of thealt used in the tesla batteries had come from cuba it suspended its canadian supplier after reuters asked about the cuban cobalt. >>> coming up, atlantic council ceo fred kempe will talk trade, russia and that interview with president trump. as we head to break, a quick check of what's happening in european markets right now >>> president trump talks to cnbc's "squawk box" about the trade war with china >> we have been ripped off by china for a long time. >> that interview after the break. at&t provides edge-to-edge intelligence, covering virtually every part of your healthcare business. so that if she has a heart problem & the staff needs to know, they will & they'll drop everything can you take a look at her vitals? & share the data with other specialists yeah, i'm looking at them now. & they'll drop everything hey. & take care of this baby yeah, that procedure seems right. & that one too. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on

they partnered with panasonic for their artery manufacturers.he company did not have much details in terms of potential partners or the cost for its shanghai operation. but it is going to need a battery partner. potentialcould be one option. china obviously has some homegrown battery partners as well. that could be one way to split the bill. anna: thanks for joining us for the latest on tesla. our transport editor for asia in our singapore studios. next, escalating the trade war. trump reloads the trade bazooka. we will talk about the market fallout. 1% in a number of markets in asia. ♪ manus: good morning from dubai. this is "bloomberg daybreak: europe." i am anna edwards in the city of london. these are today's top stories. manus: trumps new tariff list targets an additional $200 billion of chinese imports. are shocked they and would be forced to retaliate. the down but not out. asian equities remain deep in the red, s&p futures hearing some of the losses from an initial selloff. friend or foe. trump defends his stance toward moscow ahead of k

for tesla's electric cars suspended a supplier over concerns that it was using cobalt from cuba panasonicable to determine how much of the cobalt used in the tesla batteries had come from cuba >>> boeing claimed victory at the farnborough air show this year they said they won 528 orders and commitments. airbus reported 43new deals. airbus managed to retain an order for 34 jets from airasia despite the company threatening to walk with talks coming down to the wire. >>> airbus launched its beluga xl cargo plane look at that like a cute little dolphin the aircraft which features a whale's rounded nose and pointed beak will carry plane parts. >>> and oil exports from saudi arabia are expected to drop by 100,000 barrels in august. in a statement the it was said the move was aimed at preventing oversupply to the market which could repel potential investment in the overall industry. concerns of too many supplies and trade war risks have actually pushed crude prices marginally higher. brent is at 73.26 a barrel wti at 69.82 >>> demand for gold will rise in the second half of 2018 as inflation pre

they granted a six-month extension to 61 companies including panasonic, snap, spotify, hinge, deliveryps. in a document dump handed over to congress friday before midnight, facebook says they gave data access to 52 hardware and software-makers, including amazon, apple, microsoft. 38 of those companies in this list have been phased out and are not receiving any user data but they are working to phase out some of the rest. facebook says three companies though will continue to have access to your data, whatever's necessary so users can utilize the app on certain platforms. these special partnerships with companies like amazon, apple, toby, are critical to making sure users that use the app as part of a social hub, or maybe on older smartphone that isn't apple or android still are able to use apps and users are not hit with a facebook blackout. facebook's vp product partnership, saying purpose of partnerships is build facebook and features into the partners devices and other products. people were only able to access experiences and information needed to support them when they logged in or

they granted a six month extension to 61 companies including nike, oracle, panasonic, snap, spotify,ven ups. facebook also says they gave access to 52 hardware and software makers including amazon, apple and microsoft. 38 of those companies on that 52 list have already been phased out. they're working on the rest. but facebook says three companies will continue of the data access. these special partnerships with amazon, apple and toby are critical to making sure users that use the app as part of a social hub or an older smartphone are still able to use the app, and users aren't hit with a facebook blackout. facebook's vp of product partnership saying, quote: the purpose of these partnerships was to build facebook and facebook features into the partners' devices and other products. people were only able to access these experiences and the information needed to support them when logged in or connected to their facebook account. facebook says these three special partnerships with apple, amazon and toby don't have independent access to your data or your information. it's only accessible

panasonic in. -- in japan. sony of course there is one to watch as well. will be one-time items sony sold. their d about 1/5 of stake in spotify in april. may have provided a valuable upset. ots to look out for. ♪ rishaad: southeast asia's humble tech industry may benefit gr trump's decision to levy an import tax on more than 00 items from china. tim, one tech -- could be produced in southeast asia instead. >> you know, basically nothing that requires low cost manufacturing low or cheaper labor. that was the big strength behind china rising over the last couple of decades. with donald trump's tariffs an extra 25% it makes it a little bit more expensive. we're talking about malaysia, hailand, philippines, vietnam. thailand,, companies we don't hear a lot about very often frankly because they are not as big or sexy. they don't make apple i-phones but they are plugging away assembling products and components. there is a real chance to benefit from this. haidi: what are the actual opportunities that you see? >> well, i don't think we'll see large scale i-phone

on the other side of the spectrum, panasonic is also doing well, first-quarter income meeting estimatesin timeshares, falling after earnings came in below consensus. the retailer has been trying to revitalize its business, and japanese retailers are likely to step up efforts to win over price sensitive shoppers over the next year. ramy: thank you so much, sophie for that. haidi: that is a familiar refrain, sophie kamaruddin on the markets. now, that as get the first word news. bethe u.s. is set to preparing to put an additional $200 billion of chinese imports. 10% to 25% could be announced in the next few days, according to bloomberg sources. treasury secretary stephen mnuchin and the chinese premier have been trying to restart talks in trying to of art full-blown trade war. apple rose late trade after forecasting sales that topped estimates, suggesting continuing demand for high-end phones and mobile devices. first quarter revenue is asgested to be as much 52 billion dollars, analysts had been looking at $59 billion. apple is moving closer to becoming the first u.s. company with a tril

needed more time to get up to speed good they offered a fixed amount expansion including many key, panasonicd the dating a pinch, even the delivery service ups in a document handed over to congress friday before midnight, facebook says making data access to 52 hardware and software makers including amazon, apple and microsoft. 38 of those companies have been phased out. facebook says three companies will continue to have data access necessary so that users can utilize their app on preferred forms. the the product partnership saying the purpose of these partnerships was to build facebook and facebook features into products. people were only able to accept -- experienced these data to support them when they logged in or connected their facebook account. amazon, apple will still have access to data information. the key is the only have access to your data when you login and actually use the app. neil: hillary comic thank you very, very much. a lot of attention to what's happening in new jersey right now. when democrats run the table with the governorship. they were able to push through a tax in

already it seems like panasonic has said we're willing to put more money in the joint venture. we haven't been asked yet. tesla is already asking reservation holdsers in the model three for funds before they could configure cars. they're raising money or they can raise money without even going to the markets whatsoever. >> another 2,500 to essentially configure their order, their reservation. that's always been in the language with tesla. it's getting a lot more attention now because a lot of people, i think, maybe weren't realizing, yeah, that was part of the language all along. having said that also, you are going to get a couple, what, $400 million, $500 million from people that are going to pay that extra $2,500. tesla is going to need more than that if they're going to ask to ask for more capital in the third quarter. >> they managed with the model three. that's been crucial in generating cash flow at the same time disappointment on other models. where does that balance out in terms of their need for cash >> well, i think their needs for cash right now, they say that they

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