we have seen phillip morris go down 28%, japan tobacco down 15%.t we are seeing is e-cigarettes are growing. ,nd cigarettes are growing down they went down about four percentage points a year. quitting smoking, they are replacing it with bathing -- vaping. brad: the fda is looking into this. they are asking how juul markets to teenagers. what are the challenges? in april, the fda knocked on their door and said we need to know more about this product. what are your health concerns, provide us with your research. you also need to provide us with your marketing materials. what are you talking about in meetings, are you trying to target children? that is audacious. they, of course, said they are not targeting children. brad: even though they had candy colored flavors. olivia: they have actually tapered that down. there is another company called kandi depends, it is interesting they have targeted juul because there are other companies with more kid friendly flavors and colors. brad: what other questions are they likely to get? they can say this is a hea

we have seen phillip morris' stock go down 28%, japan tobacco down 15%.re seeing is e-cigarettes are growing. they grew about 3.5 percentage points this year. and cigarettes are going down. they went down about four percentage points a year. people are not necessarily quitting traditional cigarettes. they are replacing it with vaping. brad: the fda is looking into this. they are asking how juul markets to teenagers. the regulatory challenges and what are they telling the fda? olivia: in april, the fda doorlly knocked on juul's and said we need to know more , about this product. what are your health concerns, provide us with your research. you also need to provide us with your marketing materials. what are you talking about in meetings, are you trying to target children? that is sort of an out dacia's act. -- audacious act. course they are not , targeting children. brad: even though they had candy colored flavors. olivia: they have actually tapered that down. there is another company called kandi pen. it is interesting they have targeted juul because there

but i think making a jump from phillip morris, which systemically spent lobbying dollars and tried to politicses for four to five decades to suppress information, is an aufrly big jump by that para-- awfully big jump by that person. emily: what about profitable versus privacy? will one always trump the other? and can we actually trust facebook? >> i have no problem trusting facebook any more than i trust any other company on earth. profitability and privacy is kind of funny to me. we choose to do convenience over profitability every day of the week. and privacy. the way we pick privacy on a pedestal is almost nonexistent in our actions. every person watching this right now gives up privacy every day for convenience and speed. so whether it's amazon or google or apple or facebook or any of these tchaps sit as a layer on top of the internet, we have shown through our actions over the last 30 years, and continue to, with the usage of instagram and others, i love all the people protesting facebook on instagram. we prove as humans all the time how we think about privacy, which is we love t

that is with companies like phillip morris trying to get in here. what did juul do right?is remarkable, they launched in 2015 and already have 60% of the vape market. they're also replacing traditional cigarettes. we have seen phillip morris go down 28%, british american tobacco down 28%, japan tobacco down 15%. what we are seeing is e-cigarettes are growing. they grew about 3.5 percentage points this year and cigarettes went down 4% points. people aren't necessarily quitting smoking. they're just replacing traditional cigarettes with vaping. brad: the fda is looking into this. they are asking how juul markets to teenagers. what are the regulatory challenges for them? olivia: in april, the fda knocked on juul's door and said we need to know more about this product. what are the health concerns, provide us with your research. you also need to provide us with your internal marketing materials. what are you talking about in meetings, are you trying to target children? that's sort of like an adacious ask. they, of course, said they are not targeting children. you have to be 21

independent and it used to be the chairman of phillip morris.s not working inside the organization. a succession plan was not in i and that is why there is more skepticism. vonnie: you have covered marchionne for 10 years around the globe. follow him in one of your piece -- you call him a fixer, a builder. in 2014.hat story i have too many stories to talk about as i have been following him around the globe. 2014, fiat chrysler was in the mountain with my family. i had to interrupt the holiday. my family was not happy. a few weeks later, we got a letter, handwritten for my daughter with music added. wasie: even though he trying to avoid you and your questions. he got a lot done including bringing back all of the workers he let go. what is left to be done to complete his vision? he presented his final plan, it was meant to be a final plan the first of june. his vision is to move away from mass car production which he sees risks becoming a commodity in the revolution happening in the auto industry. , fiat and chrysler risk being commoditized. he wa

today, disappointing earnings from american express, phillip morris, and ebay.reasury yields also declined broadly. live from new york and washington, this is bloomberg. ♪ ♪ this is bloomberg markets balance of power. shery: let's get a check of the news. mark: president trump wants another meeting with russian president vladimir putin. the president tweeted today he wants a second summit so they can begin implementing ideas they discussed in helsinki. mr. trump mentioned a variety of issues, including terrorism, security for israel, middle east peace, ukraine, and north korea. the president said they can all be solved. there has been a mass evacuation fromria, 7000 people from pro-government villages that have been besieged for years. in exchange come out of the syrian government is expected to release detained insurgents. the eu wants its members to prepare for a variety of britains, especially if lee the block without a deal with trade arrangements. britain and the eu nations are moving for a smooth exit next march, but talks are progressing slowly. there hav

amex, phillip morris, and ebay among them. bloomberg. ♪ shery: from new york, i am shery ahn. bloombergcome to markets, balance of power. president trump taking aim at eu over the google fine. the storm still swirls over president trump over his remarks regarding vladimir putin. the white house efforts to contain the fallout. we have a stellar lineup of lawmakers who react to all these issues. ♪ kevin: the commerce department began open hearings is money to consider whether auto impor

phillip are trying to get in here. what did they do right? >> they already have 68% of the vape target. they are also replacing traditional cigarettes. we see philip morrisstock go down 24%, british american tobacco is down 24%. japan tobacco is down. what we are seeing is that e-cigarettes are growing. pointsew 3.5 percentage and cigarettes are going down. they went down about four percentage points. people are not putting traditional cigarettes. the u.s. fda is looking into this. theyare asking juul how market to teenagers. what are the regulatory challenges for juul? olivia: the fda not on the door. they said you need to tell us about your internal marketing material. what were you talking about in meetings? are you trying to target children russian mark that is an audacious ask. to target trying children? ask. is an audacious they said no. flavoredave candy pens. >> there are more kid friendly flavors and colors. >> they could say that this is a healthier alternative than traditional cigarettes but still i would imagine not good for you. olivia: some health experts say it is not bad and much better than smoking a cigarette. causes this thing called p

morris scoring two each in the four one when. wayne rooney has been upstaged by another former english premier league footballer in his latest outing in major league soccer broadly right phillips has become the fastest player to score one hundred goals in the m.l.s. he struck after just two minutes for the new york red bulls. thirty three year old reaching the century mark in one hundred fifty nine games he then revealed a special shirts made for the occasion. rooney came on as a second half substitute but couldn't get an equaliser for d.c. united. aaron thomas has held on to his lead over tom do milan and defending champion chris froome after sage eighteen of the tour de france thomas finished in the pack as the race heads into the final mountain stage in time trial before finishing in paris on sunday thursday's one hundred seventy one kilometer stage to pose was won by frenchman on a de mar who shrugged off allegations of cheating from rival sprinter andre greipel to beat christophe laporte in the final sprint greipel has since apologized and retracted his comments french open final is dominant team has reached his tenth quarterfinal of the tennis season the top seed east pa

morris scoring two each in the four one when. wayne rooney has been upstaged by another former english premier league footballer in his latest outing in major league soccer bradley wright phillips has become the fastest play to score hundred goals in the m.l.s. he struck after just two minutes for the new york red bulls. the thirty three year old reached the century mark in one hundred fifty nine games he then revealed a special shirts made for the occasion. really came on as a second half substitute but couldn't get an equaliser for d.c. tonight. a former russian athlete turned whistleblower has spoken of the pressure to use performance enhancing drugs as a middle distance runner up and overpaid for u.s. congress hearing in support of a new u.s. law that would make dopey an international competitions a criminal offense step in over an aspen to as a former employee of the russian anti-doping agency have lived in exile for years for more experience when i was there are in russia i also believed late all at its use because what i see around me it was only actors who you were using but. when i decided to try to fight it it was my husband. and they start to move artists from confid