-- png they are trying to deleverage. a company called sigma-aldrich. they have to be a little in debt since then and they are looking for ways to clean up the balance sheet a little bit. vonnie: back to the allergan deal, if this is not work out, clearly he has to do something else. drew: in doing this, they have indicated that they are on the hunt for something big. this is going to have ripples throughout the rest of the pharmaceutical and biotech world. allergan is out there, shopping. they're looking at a $60 billion potential deal. this is going to have a lot of implications for the rest of the market. vonnie: our thanks to drew armstrong here with me in new york and man well -- and manuel baigorri in london. ♪ mark: and if 11:00 a.m. in new york, 4:00 p.m. in london. 30 days left in the trading day in europe. i am mark barton. vonnie: i am vonnie quinn. close" onhe european bloomberg markets. ♪ mark: here are the top stories we are covering from the bloomberg and around the world. the house of lords rejects a key p

that cnn story came out as i was communicating with png. they said this proves our point.png is doing is coming on videos they have reviewed come a set of 10,000 youtube channels. they're much more selective than they were before. there at will end up anywhere. what we saw yesterday with cnn is that there are a lot of red advertisers placing ads on youtube. they have extremist content even though youtube says they fix the issues as soon as possible. it has been a long systematic problem. that you tryblems to help offset. how difficult is it to ensure that these extremist content don't keep on reappearing on social media and don't have the wrong companies endorsing them? >> there are two problems here. there the advertisers who have their as run on content that is problematic in and of itself, terrorist content or extremist content, anti-semitic comment, that is the first content. much of the content violates youtube's own terms of service. they have not been doing a good job of getting it down and taking it down. counterterrorism world, we have seen problematic content res

. >> he png none, public comment is now closed. next line item. >>her ne 7, public comment on al matters pertaining to 9 below closed session including public comment on vote whether to hold itemhere i inek.osed lsion. >> ladies and gentlemen, in the public here, we are about to head intoek.noned session mattes to deal with matters that are protected under the california conpptution and through california supreme court case law. and so we have to go intoek.nond lsion. it cannot be disclosed. any public comment regarding our lk iatters intoek.noned lsion? he ping none, public comment is now closed. >> line eight, vote on whakerer to holdher ne itemhere i inek.n session and including vote on whether to assert attoon'ey-client privilege with iteard to items 9d, e, and g, san francisco administrative code section 67.1 pe >> do i have a ther ion? >> i move to go >> sergeant, would you please call line item number ten. >> commissioner, we're back in open session and we still have a quorum chl line ten, vote to disclose any or all discussion held in clos

. >> png -- pg&e needs your help. >> it is a nice warm up with more expected on your sunday. i will tell you what you can expect coming up. >>> the cemetery shares office held an event to hundreds of unsolved mystery person cases. >> there are 440 people missing in some matteo county. there are also many people found deceased but never had family members come forward to identify them. the temperatures have been working on this case since 1983. >> this is a male transgender individual that was dressed as a female. he was virtually beaten to death and found on the beach in half moon bay. >> they promoted it's first event to try to tackle unsolved cases. >> we have had four families come in to submit dna samples. we had one family that hadn't seen their son in 30 years. this was an opportunity to come and to submit an ddl -- a dna sample. >> families could report a person missing and also submit a dna sample. >> it is an opportunity for families to come in to submit a toothbrush or a razor blade or come from the individual that is missing. >> direct family members can also volun

-- the big groups like png.so the investigation that seems to been the trigger for his departure. the company has said it is not material. we do not know what the findings will be. someone decided they wanted to leak that this investigation was going on in that put pressure on him. david: martin appears to be suggesting the board decided to give him -- the stock has been -- let's useially this as an excuse to make a change. ed: i think that is right. if you went back further, someone on the board decided to leak that the investigation was happening. martin sorrell did not leak himself that the investigation was happening. that has added to the pressure on him. if they're doing it because the stock is down it is a dumb move. the stock is down another 6% this morning. alix: you should of had a plan. if you want to kick him out, where is your plan? let's just throw executives at the top roles. ed: the succession plan seems to not be in place. one interesting thing people are talking about is does martin sorrell try

. >> reporter: png managed to clamp the line in less than an hour. >> police and firefighters kept this area cordoned off to ensure the safety of the public. >> we're also going to play on the side of safety. so we evacuate our building to make sure that everybody was okay in case something happened. >> reporter: people were eventually allowed back inside after the building was inspected and the alley assessed to make sure there were no pockets of gas. in san francisco, abc 7 news. >> still ahead, a big move in the south bay. what one company will do to get 5 g speeds to the people of san jose. but first -- >> it was worth waiting for. >> one of the victim's of the north bay fires is enjoying the comforts of home tonight for the first time in a long while. plus -- >> i wouldn't miss this. >> later, britain celebrates a royal birth. meet the newest arrival and the fifth in line to the british throne. >>> san francisco teenager is expected to be released from the hospital tomorrow after nearly having a fger bitten off in a pit bull attack. a pit bull rushed up to him. s sisneros tried to

and with specific respect to the number of expulsions, the spies were png' ed he's right. russia has more spies in this country than any other western country as well. historically i could argue that others have been tougher on russia than he has, and he has yet to really dime them out personally, either russia and its institutional behavior or putin as its leader. so i just -- to answer your question, no, i don't agree. >> fareed, we learned this week that the president floated a possible white house invitation to vladimir putin in that phone call the president made in which he congratulated putin on winning the rigged presidential election a few weeks ago. how does that square with president trump's tough talk today? >> what's striking about the claim is that it doesn't seem to address the central issue that we're dealing with with russia, which is russia has, over the past few years and particularly in 2016, engaged in what it describes as a hybrid war against western democracies, interfering in election campaigns, interfering in ref ren da, and most partly interfering

procter & gamble is buying a consumer health business and a 3.4 billion euro deal, enabling png to expand consumer health business by adding a fast-growing portfolio brand. they put the unit up for sale last year as it seeks to pump money into testing new drugs such as new medicines. that is your bloomberg business flash. guy: thank you. let's stand switzerland. lowfrank is at a three-year is at a three year low. weakening swiss currency go? good morning to you. he talked about a tsunami, trade around the world. was he right to make that protection? morning and looking back it was not a big problem for the company. they kept on complaining about the situation but they have always adjusted. had fourtrength we decades, very strong currencies and companies had focus on high value added activity and to go outside production with their sourcing relatively early and keep it on things like research ,esign, here in switzerland this is an expensive place to produce. it has led to high cash flow returns for the companies and a good performance and equity markets. over the last three or four years i

if they do, then they go to the pngs benefit cooperation, it will cost tax payers tens and tens of billions of dollars. this is clearly less expensive. that's why the chamber of commerce supports the idea like butch lewis. that's why all these people came and told me they like the idea of this bill, that's why the teamsters and southwest and carpenters support it. >> do you have an estimate and summation f estimation for this scoring? >> i do not. >> would you support alternatives from butch lewis? >> i'm open to. we've asked the other 15 members of the committee, asked colleagues in the senate and the house, putting this on the table. we want to fwin tbegin the deba. your first question, did we start with butch le wis, the answer's yes. it's a plan that i know works and the fairest. i'm also open to colleagues that have other ideas. i think we put that out there and we'll see alternative and minor and major changes and we get to a place where the goal of doing this without cuts, getting this done at the end of the year, doing it in a way that work for workers and these small businesses tha

s&png up, mojo rising as 500 profits face a test. a new ceo as part of an overhaul. this is bloomberg. ♪ host: it is 6:18 a.m. here in london. equities as some of these trade tensions in the middle east seem to be easing a little bit. the asian pacific index up. let us get the bloomberg business flash. reporter: volkswagen has picked a new leader in a management shakeup as the world's biggest carmaker attempt to draw a line under the diesel scandal. the new ceo will oversee technology across the organization. they prepare for a wage of -- wave of technological change. we are expecting a news vw'srence from bw's -- headquarters. chinese approval for the general electric power conversion of its the object by the end of this month. the ceo says final specifications are a minute. that signals the end of the standoff between european and asian regulation. has built agement position in micro focus international and plans to push for changes at the u.k. software company. size of elliott's holding and the changes it would be seeking are not share. elliott andves for micro fo

was unable to sell its consumer health business so far, but now merck has done so with a deal with pnghey're trying optimizer portfolios so they are stronger in research, in developing drugs that could be potential blockbusters, looking into areas like rare diseases, areas where the potential payoff is greater. , but also where they are more focused. that is what is driving a lot of this. and there are a lot of potential acquirers out there and a lot of things potentially for sale. that isnd the premium being offered on the offer rejected is quite substantial. is it research? are there particular drugs in the pipeline that cicada wants or needs? they are in between biotech and a former giant, but in an an easy area. for takeda, the appealing thing is a have to do something. they have had a lot of their drugs go off of patent protection in recent years. there are not a lot of growth prospects if they don't do anything. if they don't do anything big outside of their domestic market. that is why they are looking at candidates like shire. david: eric, thank you so much. really appreciate y

that division was so bad it was a tough call to listen to we have two calls yesterday that were png and>> some people wondering about allergen yesterday bloomberg reporting the possibility that japan's decatur will come back for shire it's an irish company. trades in the uk they may come to them and say you have to make another statement. but allergan came out, as a result, of being contacted saying you have to make a statement now after reuters said there was interested in buying shire. they did it and then we reported not long after they were not going to follow through with an offer. and they said we're off. we're done we're not doing anything. >> that was insanity. >> the board saying we're not doing this stock tipping down it's gaining back a bit today. you can see where shire is, too. it backed off, of course it's very difficult. >> i thought allergan was done revance is the botox only twice a year. by the way, can i mention that ge, you talked about what ge has to do. you know, sometimes it's like the ge comes out of the box. steve will be with us in a few minutes. >> nice. >> ye