. >> how are you doing, quinn? >> great. >>> hillary clinton announces her pick for vice president in the lead-up to the democratic national convention, virginia's tim kaine. how will the swing state senator help the ticket? but first the "nightline 5." >> hey, need fast heartburn relief? try cool mint zantac. it releases a cooling sensation in your mouth and throat. zantac works in as little as 30 minutes. nexium can take 24 hours. try cool manipulate zantac. no pill relieves heartburn faster. >>> i thought my bladder leakage meant my social life was over. wearing depend underwear has allow med to fully engage in my life, and i'm meeting people. >> now flexible to move with you. reconnect with the life you've been missing. get a free sample at >>> god evening. thank you for joining us. police procedures and the use of force, the latest altercation to gain national attention an unarmed man shot by police in a misunderstanding around the man with autism he was trying to help. tonight one police department's mission

. >> he hooks up with margot robbie as crazy harley quinn. >> harley quinn, nice to meet you. >> harleyarkansas and she's a joker. and the transformation into harley quinn. >> despite the fact that she looked like a demented cheerleader, it was very frightening to come within an inch of her. but at the same time a vulnerability. >>be may that isn't good. >> vvila davis is amanda waller. it is cool to see these ladies in such strong roles like cara & dellavigne, deliciously wwcked enchantress. >> i don't remember seeing a movie where the women got such important rol they were always kind of the sidekick or -- the kind of love interest. i remember reading it and i was likee oh, my god, the girls have the best lines. >> i'm known to be quite vexing, i'm just forewarning you. >> landed on the separation between being a bad guy and being evil. it's not a movie about good versus evil it's a movie about bad versus evil. >> we'll be with the stars of "suicide squad" tomorrow. so much more coming from comic-con today. "sharknado 4" has touched down and before the stars hit town, are going to giv

you can't possibly be thinking about rehiring quinn. >> quinn: i just want my job back. is that so horrible to ask? >> steffy: after everything you have done to me and my family? really? >> quinn: what have i done to your family, steffy? >> steffy: granddad, tell her. tell her to get out. better yet, i'll call security and have them throw you out. maybe then you'll understand how much we forresters despise you. >> liam: quinn can'tp

vonnie: i am vonnie quinn. mark: i am mark barton. a lot to cover in the next hour from turkey to yahoo! and the verizon deal. let's get over to the markets. shery ahn has the latest. downward seeing pressure in the u.s.. .3%.ow jones, the s&p 500 also down .3% and remember, that is a or four weeks of gains, the longest since march. also reversing friday's these gains, investors are cautious. we have the fed and the bank of japan not to mention that they are weighing corporate earnings. take a look at the s&p 500 futures overnight. today, you the open can see this plunge their for the futures contract. what are the egg losers in the s&p 500? a look for industries down one and 6% after they announced -- made after the markets closed on friday. analysts saying this could increase the possibility of strategic investment or acquisition. ,lso downgraded to mutual financial down more than 2% after seeing a weekly game. take a look at some of the winners on the s&p 500. that, that was the adoption -- i have to excuse myself when we were talk

maybe sergeant quinn's investigation, maybe it was the karaoke.changed his ruling on matt's manner of death from undetermined to homicide. and with that little bureaucratic stroke of the pen, everything changed. >> take a seat. >> for the very first time holly was invited to the police station to give a formal statement. >> holly, we're investigating the death of matthew podalak. the coroner's office has ruled it a homicide. >> chewing gum, looking casual, holly came in without a lawyer and was read her miranda rights. >> are you willing to talk with officers without consulting a lawyer or having a lawyer present with you? >> yeah. i'm fine. i don't have anything to hide. i didn't do thinking, so -- >> so what would she say about her relationship with matt? >> did you and matt ever have any fights? physically? >> yeah, there were a couple. >> did you call the police? >> i know on one time i called the cops. >> holly said it happened when she had a male friend over at their house. >> it was because he said something was going on, when that wasn't t

vonnie: and i am vonnie quinn.ash, a look at some of the biggest business stories in the news right now. aetna says it is ready to go to court to defend its takeover of rival humana. u.s. regulators say the megadeal threatens competition and are considering a lawsuit to block the takeover. a person familiar with the matter says at the is prepared waysgue there are several to present a plan to the elderly. hsbc: a senior manager at holdings has been arrested in new york for his role to rake conspiracy benchmarks -- rig conspiracy benchmarks. mark johnson is the first person to be charged. his arrest comes more than a year after five mobile banks pleaded guilty to raping currency benchmarks. it just bc with not part of those cases. asking walmart is providers to remove eight chemicals from its product. the list of chemicals was created with the help of the environmental defense fund. and that is your bloomberg business flash update. david: now to politics, where donald trump is the official gop presidential nominee.

vonnie: i am vonnie quinn in new york.r the bloomberg's nest flash, looking at the biggest stories in the news. thirdn posted its straight loss. sales keeping pace with slowing supplies. chevron ceo responded to the market driven cash squeeze by shrinking drilling programs and firing 1/10 of the workforce. tosing five million dollars $10 million from asset sales. fo -- federal regulators putting more pressure on wall street banks. new guidelines were issued three years ago. tankers are being questioned about loans, such as acceptable's. regulators want to sue know how loans perform under adverse conditions. businessour bloomberg flash. time for the etf friday segment. let's go to julie hyman. julie: i asked if we could look at etf's affected by earning season, since we are in the thick of it. he delivered. let's talk about the vanguard total stock market etf. some are affected by earning seasons, some not so much. this is in the not so much category? >> it is layered. do earnings affect etf? the vanguard total market cover

mom first and my choices, how they're going to impact quinn. >> quinn, the child she had with john edwardsd riding horses as a child and now quinn is following in her footsteps recently qualifying for pony finals. teal me about your horse howie. what did he teach you? did howie teach you something. >> he taught me how to be a better rider and how to find happiness. >> it's true, right? you found happiness with howie. >> lessons mother and daughter are sharing in a new children's book "howie do it." finding happiness right how. rielle wrote it. quinn illustrated. the message live in the moment and choose happiness. happiness for rielle or peace has been a process. what's your relationship now with john. >> we're very, very good friends and great co-parents and we have the same goals, we want the best for quinn. we get along great. >> every time you've been asked this question, do you love john, you've always said yes. >> oh, absolutely. i view him as my family. he's family. i absolutely love him. will always love him. >> what kind of a dad is your dad? >> he's a great dad. >> how often do y

this is bloomberg. ♪ vonnie: i am vonnie quinn.re watching the european close on bloomberg markets. ♪ >> we will cover stories out of washington, brussels, and london in the next hour. fine. hits -- with a my interview with commissioner margaret coming up. donald trump's net worth has increased over the last year. we dive into the figures. we will hear from the ceo after swedish and networking gi

i am vonnie quinn. i am nejra cehic. vonnie: i am vonnie quinn. it is time or our latest segment on exchange traded funds. julie: with me as eric balchunas. donald and hillary clinton differed on more than just the issues, but personal investments differentow totally approaches. ats.balchunas covers -- etf's. you have gone through and see that they represent two different types of investors. donald trump just spoke last. what is his strategy reading into what he is disclosed here? >> he is all over the place. it matches his style. there are a lot of investors who have acutely stocks and funds in their portfolio. he owns dozens of mutual funds investmentsprivate and hedge funds. if you look at the stocks that he holds, it looks like a creation basket that he can easily trade in. we have seen a lot of people do that. i just did this book on institutions, and i found stories of institutions taking their holdings and finding out they only had two to three etf's. more so this cleaning up of her ofyols is the

i'm vonnie quinn. mark: and i mark barton.g "bloomberg markets" on bloomberg television. vonnie: the japanese messaging app line are giving new hope to the a.p. -- the ipo markets. debuted in japan in 2011. despite being little known in the united states, in those millions of active users, most in asia. the cfo -- ing : i am here was to executives from line having a pretty good day. i am here with the chief global officer at line. also the chief financial officer at the messaging app. let's start with you on how you are feeling today. a lot of people are wondering, having raised $1 billion in this ipo, what are you going to do with this money? >> first of all, i am there he with -- i am very happy the initial response from investors. it is a great response. we will strengthen our services. investing. you are the numbers man. where will that investment go? will be focusing on four key countries, japan, taiwan, thailand, indonesia. at other interest is looking the investment opportunity for the technology. betty: what might that

i'm vonnie quinn. mark: i am mark barton. 30 minutes left in the trading day. ♪ mark: in london, covering stories in france. in belgium, here is what we're watching today. dp shares falling on a in hong . i'm vonnie quinn. results. trouble ahead for energy producers as oil plunges to a fresh three-month low. 45% plunge in profit, the first major oil company to report vonnie: an iphone index that measures the value of currencies around the world. you might be surprised by what it said about the u.s. dollar. and sweetening its offer for s&p miller after the post brexit slump. some investors say the newvonnie still undervalues the company. willie deal get done? mark: we are 30 minutes away the tuesday of session. appetite for risk has diminished and the stoxx 600 has barely changed. test left-handst column are rising. all of the currencies are falling against the dollar. yields are rising in these countries, credit default swaps gaining. appetite for risk declining somewhat as the fed kicks off its meetin

i am vonnie quinn and you are watching "bloomberg markets."t is time for the bloomberg business flash come and look at the biggest business stories in the news right now. up with an aid package for some of its trucking businesses. according to people familiar with the matter, one of the companies may receive help his steel. they are having to cope with overcapacity and slumping demand. car sales in china rose for the halfr pace for the first of the year. suvs accounted for more than a third of china sales. sales of electric vehicles more than doubled. volkswagen is teaming up with companies that may make batteries for lesser cars. partnerships with panasonic. it is hoping to emerge from that scandal over fuel emissions . that is your bloomberg business flash. mark: still ahead, our weekly dive into the $3 trillion etf market. not too many traded funds. we will discuss next. this is bloomberg. ♪ vonnie: you are watching "bloomberg markets." i am vonnie quinn in new york. mark: i am mark barton in london and this is bloomberg television. time fo

. ♪ >> live from london and new york, i'm vonnie quinn. nejra: i'm nejra cehic.nie: courtney collins has more from our newsroom. courtney: donald trump will expect the republican nomination for president. ted cruz refuse to endorse him in his convention speech, setting off a round of boos. >> i adjust the convention because donald trump asked me to. and went donald -- when donald did, he didn't ask me to endorse. three days ago i talked on the phone with him and set i'm not going to endorse you. he'sney: trump says if elected president, he would review whether the nato country had fulfilled its obligations to the united states. investigations are assessing the search for the malaysian jetliner that has been missing for more than 2 years. of the designated search area in the indian ocean has been covered. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm courtney collins. this is bloomberg. nejra? nejra: turning to the mornings ecb decision, mariota raw says he's ready to move in the -- mario draghi citi

live from london and from new york, i am vonnie quinn. mark: i am mark barton.s is the european close on bloomberg television. vonnie: time now for the bloomberg business flash, a look at some of the biggest business stories in the news right now. expanding the fast as in seven months. the nonmanufacturing index measures everything from retail to construction. the u.s. economy picking up speed before the vote to leave the eu. much credit goes to consumer spending. apple is losing ground. 11 ins made up less than may. 12% last year. the chinese company is now a 17% market share. is your business flash for the hour. tok: take a look as we head the close. five minutes left in the session. 600 down,e europe falling for the third consecutive day. check out the currency of the bond board. the currency markets, sterling, falling below 1:30. just after midnight. to the lows, we have not seen since june of 1985. since june 24, sterling has fallen 14% since -- against the dollar. since september of 1992, this is bloomberg. you are watching the european close. ♪ . mark: fr

vonnie: i'm vonnie quinn.ald's has stores in china and hong kong, we will tell you who is on the short list. danone is buying whitewave foods. why abortion clinics have been up vanishing and how the supreme court's texas abortion ruling could change that. mcdonald's has selected bidders in china for a $2 billion deal. selling's is twenty-year mass franchise rights in china and hong kong. most stores are company-owned. the chain wants almost all outlets there to be under local ownership. vonnie: clothing sales have dropped at british retailer marks and spencer's. it was much worse than estimates. the ceo says consumer consonant -- confidence weakened in wake of the referendum. clothing sales of been falling for four years. the french yogurt maker will buy whitewave food for about $10 million. silk, the best-selling soymilk brand in the u.s.. danone is the global leader in french -- -- in darien health-food brand. -- in dairy and health-food brands. people familiar with the discussion say italy favors a precauti

i'm vonnie quinn.rk barton. 30 minutes left in the trading day. ♪ mark: in london, covering stories in france. in belgium, here is what we're watching today. dp shares falling on a in hong . i'm vonnie quinn. results. trouble ahead for energy producers as oil plunges to a fresh three-month low. 45% plunge in profit, the first major oil company to report vonnie: an iphone index that measures the value of currencies around the world. you might be surprised by what it said about the u.s. dollar. and sweetening its offer for s&p miller after the post brit

i'm vonnie quinn. shery: i'm shery ahn.n ticking on poor performance over the past year and it is slipping away again after competitors results. i have to say i have no idea. i don't even know which ones are the key words here. julie: control room, everybody? >> the clock has been taking. -- ticking. julie: our director got it great -- got it. it's fossil. shares are down 59% over the past year. it's had a couple of rough earnings reports that have driven it down and it's down once again in today's session. it has to do with swatch. the group has members that missed estimates, sales are going to fall much more than had been anticipated for you look at fossil in today's session, we are seeing that stock selloff as a result. fossil today is one of the stocks selling off great expert said here today. if you look at how swatch traded in swiss trading it too was down sharply. what's interesting about swatch as well is the executives of the company made comments about the terror attacks in nice. in general, the increase in terror

i am vonnie quinn. mark: i am mark barton.atchy iskey -- monte sinking to a new low and they are considering injecting new capital into the provider. >> is indicative of particularly what we saw in the last year, over the last six months starting with bailouts of smaller lenders. you see them facing consistent pressure. mark: and this would be the third bailout injections since the crisis? elisa: that is right. earlier in the year we saw some deposit outflows that were , but thatth talks enthusiasm quickly evaporated. brexit saw an acceleration of the selloff. decision tomade the go against the ecb and recapitalize the banks, and how bad with the fallout be? elisa: the talks are centered on how much leeway there is within european beta laws. see stateslly providing funds to banks with other shareholders or creditors also sharing. what appears to be happening is that italy is trying to find a that butto get around use what is available within the roles to share that burden, and leave creditors and shareholders without further l

i am vonnie quinn. >> live from london.ing the european close on bloomberg markets. ♪ we will take you to istanbul and tokyo in the next hour. here is what we're watching. soaring on the news that softbank will acquire the company for $32 billion. the 43% premium pay. bank of america posted higher profits in each of its four main businesses. bond trading revenue increasing. we will get an analyst's take on the recent quarter. then, focusing on investment in turkey. failed coup attempts over the weekend. whether it is time to buy and sell amid the latest tmo

[applause] and are sitting vice chair, christine quinn was with us. [applause] and christine has been doing a great job in representing the new york democratic party on cnn, and she just went back to do another segment so let's give for another round of applause. [applause] we have with us today our attorney general, eric schneiderman. from fighting to provide relief -- yes, let's get our attorney general a great big round of applause. [applause] from fighting to provide relief

vonnie: i'm vonnie quinn and you're watching "bloomberg markets."'s head over to julie hyman for breaking news on amazon. julie: amazon giving an update on its prime day yesterday. it is itself created holiday that tries to drive sales over the summer. the company just saying in a release that it saw worldwide prime day of sales up 60% year-over-year. channel advisor said that prime day sales were little changed were unchanged from 2015. it may have been measuring that on a comparable basis. in other words, like for like sales as you can measure same-store sales at a brick-and-mortar retailers. that is what may have accounted for the discrepancy. i been reading through the release what percentage of these sales were third-party sellers versus amazon direct sales. it is talking about that big increase. the company says it is the biggest sales day for it ever, in particular for devices. you can see shares reversing earlier losses. they're only up 6/10 of 1%, but still reversing a 50% gain in u.s. sales year-over-year yesterday. vonnie: wherever you lo

vonnie: i'm vonnie quinn. welcome to "bloomberg markets." david: live in new york for the storiesr, with tort -- from across the world. yahoo!'s fight for survival comes to an end, agreeing to a deal for nearly $5 billion. mercer mayer's future in question, well marty walden continues to be a powerhouse. vonnie: the democratic national convention underway, and an e-mail scandal rocking the boat in the city of brotherly love. the party pushes the most progressive platform and generations. turkey's prime minister says life is back to normal. highlights from exclusive tv interview. markets closeie: in two hours, let's head to the market desk where shery ahn has the latest. pressureeing downward across the board, seeing the s&p 500 halting four weeks of gains to lose .4%. much ofjones falling as the last nine days of gains, and the nasdaq down .2% ahead of central bank decisions later this week, including the fed and more corporate earnings results. take a look at the imap function on the bloomberg. you can see that most sectors are in the negat

i am vonnie quinn. julie: i am julie hyman.ry ahn is monitoring the action. may be up but it has not been a great week. little bity up a because of more optimism about the health of the u.s. economy. the largest consumer of crude. if you look at the trend for the week, we are going to see it has fallen. it is down 6%. this is the worst week since may 6. of course, we had data that u.s. crude stockpiles declined less than expected so there has been a lot of pressure on oil. we have seen oil trading between $44 and $52 a barrel for the past month. there has been some supply disruptions. also expectations u.s. output would follow. if you look at the weekly rate data, you will realize increasing rakes was the fifth gain in six weeks. this is five-year data. for the weekly number, we are seeing a fifth gain in six weeks. analysts saying government data may be underestimating the fact we could have output from uncompleted shale wells as well. gold is staying with commodities. gold has been fluctuating with the labor data out today. f

vonnie: and i am vonnie quinn. it is time for the bloomberg business.olkswagen will repay a pair of loans to the european investment bank early. the amount, 1.1 billion u.s. dollars. the move comes as volkswagen raffles on its diesel emissions scandal. reuters will sell its intellectual property and science center. price tag $3.55 billion in cash. the company will use $1 billion to reduce its debt. bloomberg news competes with thomson reuters. is hosting starbucks the pay for all u.s. employees managers by at least 5%. two employees of have been with starbucks who have been with starbucks for 15 years. and that is your business flash. let's head to the markets desk where matt miller has the latest on movers. >> movers, analyst calls, and companies that mean a lot to me. i'm going to kick it off with gamestop, bank of america saying there are a number of drivers -- unexpected drivers to traffic and eps growth for this video game sales company and the shares are up three and a half percent. a big move on the bank of america up rate and i am hoping we can

time david" gura.i am david vonnie: i'm vonnie quinn.aser stun gun company, season opportunity to provide cops with cameras that you can read about this story in "bloomberg businessweek." karen weiss joins us. it is not very publicly palatable, if you ask me. the body camera movement to put cameras on cops started in force after the shooting in ferguson, missouri, in 2014. there was a shooting of a young man from african-american men, teenager, basically, and no recording of it and it is contested what happened. that started a really broad national call to put cameras on officers. there had been only limited research into another time that indicated putting cameras on officers good reduce the use of force and complaints against officers. the federal government put a lot of money towards this. they had been working on a camera solution for about half a decade at that point, trying to figure out ways to document police interactions. they have come to grab by far the largest market share in his rush to put cops on camera. just yesterday the

i am vonnie quinn quinn. welcome to bloomberg markets. we're going to take you from cleveland to washington, d c, and cover stories out of london. votempact of the brexit has become more apparent. we will get reaction from one of bloomberg's top-ranked economic forecasters. shery: home prices are hitting record highs in u.s. cities. what is going on in the real estate market, and are people buying? vonnie: and we're watching oil. after a steady rise, some dark cows are hurting its recovery. shery: we are one hour from the close of trading. let's head to the markets that's julie hyman is watching the market action. julie: we have a bit of a pullback, but it feels like a mixed market because the dow has been flirting with gains, and right now it is a four point. it is not all red for the major averages, though the dow has trended lower for parts of the day. a sideways move here. we have volume lower as well. why is the dow doing better -- less like the big movers. mcdonald's is rising after mcdonald's japan started selling poking and toys.

emails from quinns own email account demanding a very low ransom. and huskins showing up in huntington beach at her parents house wearing sunglasses and with an overnight bag. >>sot she had been blindfolded using swim googles so she had large impression circles under her eyes the fact that she would want to cover those up is not indicative of someone lying >> justine:the documents also show. police found it unusual huskins did not want speak with huntington beach police, instead wanted her lawyer. and she also refused to return to her family in vallejo. >> justine:and in their minds. she did not behave like a victim >>sot we think it is just outrageous that a woman in this day and age would have to act in a particular way in order to be believed by the police. >> justine:huskins attorney. tells kron 4 news police jumped to conclusions. >>sot the reasons they did that was they wanted to give the public a sense of security and tell them they had solved this crome when clearly they had not not a valid reason to attack a victim. >> justine:we reached ou

that means that gift certificates like quinn's will be honored in places across the country. and like a grandfather's love have no expiration date. >> a good story and good idea. >>> if you love slurpees, tomorrow is your best day ever. it is july 11th or 7-eleven which means it's free slurpee day at 7-eleven stores starting at 11:00 tomorrow morning until 7:00 at night customers can get a free slurpee through the 7-eleven app. this year they are offering tickets to six flags for $7.11. that also begins at 7:11 p.m. the chain estimates that 11 million slurpees will be given away tomorrow. i do like the cola ones. they're tasty. a quick break here. a good deed om poli nearmontere ==vo==his luck w down ae >>> a good deed from police changed the life of a young man. his luck was down after his bike, which was his main form of transportation, was stolen on friday. officers decided to pitch in and buy him a new bicycle. target saw what they were up to and decided to donate that instead. the officer bought him accessories like a helmet and a bike lock. a happy ending there. that's

i am vonnie quinn. julie: and i am julie hyman. want to bring back in michael holland, chairman of holland and company. we did not get to this quite yet, but you have been looking at valuations in the u.s. market. you are seeing them go to above the historical norm for sure. is that, alone, a reason to sell, or how does valuation factor into your investing equation? mr. holland: it is only one input, but it is a very important input. if you think growth is going to be accelerating in the future you would say -- look at a stock like amazon. how can you justify owning amazon? the only way you can justify it is you believe you could have continued growth in revenues and someday growth in earnings. in the case of markets around the world, i would look at china, for example. they are going to have some growth. it won't be easy, but it might be 3%, 5% growth. the companies in our portfolio out there are doing just about that, but they have the lowest valuation may have had in quite some time. when you look at the u.s. market, which is 20

vonnie: from new york, i'm vonnie quinn.t, at the democratic national convention, presidential -- president obama implored the nation to a letter in november. obama: democracy is not a spectator scored. democracy is not about, yes we will. it is about, yes we can. and we will carry hillary. to victory this fall. vonnie: tonight, she takes the stage as a democrat wrap up their convention. margaret joins us from philadelphia, the site of this week's. dnc. is it a unified party? was --thenoser than it was at the beginning of the week. things have changed a medically sense michelle obama spoken president obama spoke. you did see it coming together, but this is hillary clinton's night. she needs to make the case herself. vonnie: what about voters outside of the dnc? message -- will the message get through to them? "itou remember the book takes a village?" she attempts to reach across the aisle talking to republicans and independents as well and introduced in the lead up by national security and aides and advisers from years past.

vonnie: i'm vonnie quinn.time for the bloomberg business flash. are close to an acquisition according to barclays. the company faces an uphill battle in the court case against the doj. cigna's and block anthem's plans to purchase humana. david: first hawaiian planned ipo somewhere in the acidity of $3 billion to $4 billion according to people familiar with the matter. the largest bank in hawaii as owned by bnp paribas. a $100spectus has million placeholder. they expect to sell shares in the next week. vonnie: a majority stake in chemical industries. -- that ise company according to be able with knowledge of the bank has failed to bring in more than a billion dollars. a owns about 70% of waco. yahoo! and verizon, both shares are up. verizon is said to be the lead bidder to purchase yahoo! for $5 billion. we have insight on what is in it for both parties. >> the only thing we do not know at this point is the real estate, but verizon is not going to buy the ip. there is no deal formally done during that will happ

." ♪ vonnie: live from london and from new york, i am vonnie quinn.ark: this is the european close on bloomberg markets on bloomberg television. sterling, the worst-performing currency, beating out the argentine peso as it heads for a third week of decline prompted by the brexit vote. glue this week, britain's currency touched the 31 year low -- earlier this week, britain's currency touch the 30-year low. news's us now, bloomberg richard jones. the last time i checked, the peso was just ahead in underperformance. they are battling it out, aren't they, for the worst performing major currency in 2016. is brexit fully priced in to the currency or not, richard? coupleink we have had a of weeks to digest it. we've seen a really sharp drop in the pound. really sharp straight does drop in u.k. rates. i will refer back to it foul us said previously. this is going to be a very long, drawnout process. a lot of bumps in the road. i think we are officially priced to now, that we have official data to still come out. the survey data is looking like it is really, r

. ♪ vonnie:vonnie: live from london and new york, i am vonnie quinn. europeans is the market close.e now for the latest bloomberg business flash. blackstone group will capitalize -- rental landlords. according to people familiar, blackstone expects to take -- home in the first half of the next year. it would go public as a real estate investment trust. yahoo! may face job cuts after the sale of its core assets. a new owner is likely to emerge soon from a lifelong bidding battle. ceo marissa mayer has already eliminated thousands of jobs and analysts say a new owner may cut another 3000 with a third of the current workforce. yet onweale is not sold the need for an interest rate cut in smart. he says he needs to see more evidence. there will bew is some long-term hit. why should a long-term hit have implications for monetary policy in the short term? well, if people can see that coming, then there is a perfectly good argument that they may cut their spending ahead of the long-term hit looming. case, that is the provides a classic argument for easing monetary policy. a 90%cing in about

>> quinn: after that e-mail you sent me? i had to see you, eric. ♪

. ♪ vonnie: live from london and new york, i am vonnie quinn. nejra: i am nejra cehic.ou're watching "bloomberg markets." it is time for the bloomberg business flash, a look at some of the biggest business stories in the news right now. hasnior manager at hsbc been arrested in new york for his role in a conspiracy to rate currency benchmarks. thmarch off and as the first person to be charged in the justice department's three years investigation into foreign currency rating. igging. this is after five banks were found guilty. hsbc was not one of those banks. the unemployment rate in the u k has dipped below 5%. to british jobless rate fell the lowest since the third quarter of 2005. the number of people working rose to a record almost 32 million. that is your business flash. vonnie: let's head straight to the markets desk where julie hyman has the latest on some movers. julie: looking at some travel stocks right now. united continental is out with earnings, so we have been watching the shares. their hang onto a gain of 3% right now. second court of profits beating estima

i am vonnie quinn. julie: and i am julie hyman. right, shares of tesla are falling, but off of lows. they missed the second-quarter forecast for global deliveries and lowered its full-year forecast. editor at large cory johnson joins us from san francisco with more. we have heard this before, missing forecasts, that there is a definite goal to be at 500,000 by 2018. is it doable? it is an adjusting announcement -- the timing has to be highlighted. when would you want to put out an announcement when nobody would notice -- you cannot make a better day than july 3, a sunday in the middle of it -- three-day weekend. they could not completely bury the bad news. then they put enough is that how many cars they said they were producing at the end of the quarter. they were able to produce cars faster, but seldom lower. delivery,atters is and we have seen deliveries miss estimates two quarters in a row. it is not a positive sign for tesla. julie: why is tesla having issues here? they have said in the past that various parts of their cars are

. ♪ vonnie: live from london and new york, i'm vonnie quinn.k: i am mark barton, this is the european close. think of england planning to ease capital requirements for banks in the wake of the brexit vote. this would allow banks to have more flexibility, after mark carney warns of an imminent slowdown yesterday. mark carney: what we said in terms of the risk to the economic outlook, in terms to the risk to financial stability -- does anyone in this room not think that those risks have begun to manifest? does anyone in the country think that those risks have not began to manifest? mark: joining us as michael moore, who covers banks. you had better tell us what this is first and then we will get cracking on this interview. michael: the countercyclical put in tosomething make banks hold more capital during good times and then they are able to scale that back during bad times. this is what this is for. times like this where you have a shot -- a shock like brexit, the bank of england can say we are lowering the requirements, see you can feel more co

vonnie: and i'm vonnie quinn.ark: italian aerospace john leonardo is rethinking its blueprint for europe after the june brexit vote. i sat in with the chief executive to discuss in an exclusive interview. >> i think that the u.k. government know perfectly that toa convenience for the u.k. use the high quality -- that they have in the nuck the sector nd we can provide a lot of resources and particularly capabilities. mark: will you continue to invest in the u.k.? does brexit make you rethink your investment plans? >> we have the investment plan particularly in the electronic curity and -- we are discussing with the government. i hope that we can reopen the iscussion. i am thinking particularly to the autocraft systems and you know for the other question, particularly for the attack helicopters. agreement with bogey. -- boeing. we have some opportunities too to contradict at this business. mark: do you think brexit will budget, the k. defense budget? mauro: i hope, i am sure that they've maintained the budget. maybe

thank you, vonnie quinn. they market check amidst this breaking news, exciting breaking news coming out of the u.k. how do we not completely separate from what's going on the motivation for this? we are happy to see less certainty in the market, and this means less certainty. that, combined with the jobs number on friday, little concerned that the feds going to raise rates. the stimulus we expect to get out of japan, some people are talking about ¥20 million out of stimulus from japan. gains across the board, if we close anywhere near this, he will be a new closing high for the s&p 500. the previous closing high in may of 2015. it looks like we are going to finally get a new high in this late stage of the bull market. i shouldn't say that, they do the bull market will go on for another 10 years. let's take a look at the separation of indices groups on the index. you can see information technology, one of the biggest gainers. inrgy is also a huge gainer today's market. we also see health care rising, financial

i am vonnie quinn.mark barton. here is what we're watching today. trouble continue for the european bank. , highlightingd the industry struggle. the brexit vote has made british consumers cautious. retailers are wondering where the shoppers have gone. corporations are not pumped up about it. we will look at the pros and cons. vonnie: we begin with disappointing earnings. deutsche bank says second-quarter profit was him was wiped out. trading revenue plunged and deutsche bank set aside money. the ceo has been cutting risk assets and freezing dividend payments and eliminating as many as 9000 jobs. profitle, santander saw fall 50%. market.jobs in its home income lending remains under pressure. bloomberg is told the bank and put a heavy focus on u.s. operations. >> the u.s. is strategic for us. we are adding value in the u.k. for the u.s. multiple trade flows between the u.s. and these economies. companies and individuals in the u.s. mark: consumers turned cautious after they voted to leave the european uni