ys chairman of nissan, previously always a renault employee will no longer be. los ghosn's replacement later in the year, be up to nissan to make that decision, not the french. overseeing this alliance now, in place of carlos ghosn will be this new board of directors, made up be this new board of directors, made up of the heads, the ceos of nissan, renault, and mitsubishi, plus the chairman of renault. this was, again, portrayed today as a body that will allow for faster efficient decision—making that will allow this alliance to compete more quickly, more efficiently with the other big car companies around the world. but it has to be said, this new structure is more cumbersome than the one it replaces. and it is hard to see how that it doesn't contradict with the idea of speed and efficiency. rupert wingfield hayes in yokohama, japan. the country is known as a world leader in robotics, but not only are they greeting guests at hotels or seven feet are restaurants, they are also transforming the medical industry. as part of our leading cities series, mariko oi visi

feline's between renault nissan and mitsubishi has moved up a gear the comic is announcing a new board three companies had to separate boards of management until now we're no chairman. says that he will head the new joint board and the three say they hope a tighter structure will strengthen their collaboration following the downfall of former boss carlos ghosn he remains board member until april of tokyo did refuse his request to attend. let's bring in our very own. tell us a bit about the power battle going on between those kids if they. make up. well times have become a lot harder for carmakers and they cannot afford to bicker like this at least not in public so what this does is it takes the fight off the center stage both the break of the alliance is off the table as well as the potential threat of a takeover of one over the other dominic's in our he calls himself a diplomat and that is really what he has done here is a piece at least for now the japanese side by not installing another corals going which is a very powerful figure. but yeah sort of giving them a little a little of t

other automakers and possibly become the biggest order joint in the world exactly that is for renault and nissan finally go through much of it's not going to be just huge talking global huge because the next step is to pursue an acquisition also see at chrysler and together they will form a very big conglomerate that's going to be a threat in competition to big guys like toyota and works of rugen through what you reckon is this all just a fantasy over nor could this well be the road that the french com make it does take. it depends on who you us been. absolutely these are big shoes to fill it's a very tall order to fulfill you know crossing the management as well as the production cultures from italy france japan you know is going to complicate matters is going to shake up not just in the sea but also within the company itself if these mergers goals and acquisitions go through now also adding to the complication is the fact that renault is riddle's key shareholder is the french government this alone could hamper any optimism of this much of going forward so we'll have to see how this pans out fo

that of course denies all these allegations up to the state so where does all this leave the nissan renault mitsubishi alliance which he used to be what exactly he was actually instrumental in overseeing the merger between know and and there is now speculation that all of this that's been happening in the last three months the investigation could be politically motivated that there is maybe some internal power struggle i mean this on being japanese being french again this is speculation and all we know is that nissen declined to comment today's bail decision only saying that an internal probe i'm covered quote substantial evidence of on ethical conduct whatever that is i guess we'll have to wait for that to cast monica jones from d.w. business thanks. let's check on some other stories making headlines around the world today u.s. president donald trump looks set to open to new fronts in his trade disputes he wants to scrap preferential treatment for both india and turkey u.s. president claims india is not reciprocating for duty free access to the u.s. it also says turkey's growth means it's

renault seeking to re launch merger talks with nissan. require another automaker in the process possibly fiat chrysler. original proponent of that plan [inaudible] carlos ghosn. i can skate for all the busines. a q quick break now would b be h with the rest of the news us off last night 03/27/19 03/27/19 [captioning made possible by democracy now!] amy: from new york thisis is , democracy now! >> it is a newew day in oklahoma and for the nation in our battle against addiction and the opioid epidemic. amy: purdue pharma, maker of oxycontin, agrees to a landmark $270 million settlement with oklahoma over claims the company contributed to the deaths of thousands of residents by downplaying the risk of opioid

now the alliance of renault nissan and mitsubishi has announced a new board that will run itss partnership. former chairman carlos ghosn who was released on bail last week after three months in a japanese jail over financial misconduct charges was denied permission to attend that board meeting. olson sergeant reports. they're calling it a new start for their alliance the leaders of kanno nissan and mitsubishi are forming a new board to to oversee their collaboration. the company's three c. e. o.'s will meet monthly in paris or tokyo led by renault's new chairman john dominique's. we want to enhance. the spirit of this alliance. and recreates the spirits the way it was at the very beginning of this alliance at the end of the nineties totally respectfuf. of the cultures of our companie. respectful of our brands. sanaa replaced carlos ghosn is chairman of lenovo earlier this year the will not re create cones double roll by becoming the chairman of nissan. to that role will be chosen by a nissan panel of outside experts a concession from her know to give its japanese partner more autonomy. nis

the former head of the renault—nissan—mitsubishi alliance was arrested injapan in november on suspiciontuesday. hello there. last tuesday brought some exceptional winter warmth. this tuesday, a very different story, quite a chilly start to the day and it remains unsettled. we'll see some rain and some snow over high ground in the north, some sunny spells to be had as well. a lot going on on this satellite picture. there's one swirl of cloud here, an area of low pressure pushing away across europe. another spinning to the north—west of the british isles, and another one in the atlantic. that one will be approaching from the south—west as we go through the day. this first area of low pressure, feeding some showers in across northern ireland, northern england and scotland. quite a chilly start, particularly in eastern and north—eastern parts of the uk. temperatures for some spots down below freezing. so, as we go through the day, we will see this showery rain across northern england and northern ireland, some snow over high ground in scotland. here's our next batch of wet weather approachi

the renault-nissan relationship was falling after the arrest, and having him tell his version, knowingthe renault side has not exonerated him. they did a corporate governor search of his pay. they have been more on the side lawn and the nissan side has been more aggressive and push the narrative of wrongdoing and financial impropriety. this could raise new questions to an already tenuous situation. vonnie: the defense is also saying that the justice system in japan would be seen as a country risk, and depending on how this trial plays out, it may be a deterrent to other companies from either investing in japan or getting into japan is mr. ghosn is convicted. 99% of the cases are convictions. >> it is true that one of the big arguments from the defense is that this will not shine a good light on the japanese system. this is one of the business world's biggest icons, he did not have access to legal counsel , he could not make phone calls. he is under more restrictions now that he is out, but he is on a tight leash. ishink one of the big cases what does this look like for japan, when they

half months now in his bail has been set it nearly nine million dollars and was in charge of the renault nissan mitsubishi car alliance and was indicted in japan over allegedly falsifying financial reports and breach of trust he denies the charges. now to some of the other stories making headlines around the world today u.s. president donald trump looks set to open to new fronts in his trade disputes he wants to scrap preferential treatment for both india and turkey u.s. president claims india is not reciprocating for duty free access to the u.s. he also says turkey's growth means it is no longer a developing country. can it is kept a crisis as deep and with a second minister resigning janesville part is leaving her role as manager of government spending she said she could no longer defend the government's handling of a corruption scandal involving a big construction company. and hillary clinton has for the first time ruled out a u.s. presidential bid in twenty twenty five can say it although she will not run she will keep speaking out for what she believes the engine started as the frontrunner

the new lawyer for carlos ghosn — the former boss of renault—nissan — has said he'll pursue a differentarges of financial misconduct. junichiro hironaka has been speaking to journalists in tokyo for the first time since he was appointed last month. 0ur asia business correspondent, karishma vaswani is monitoring develoments from singapore. so, the significance of this development, what do you make of it? it isa development, what do you make of it? it is a new legal strategy that is emerging from carlos ghosn‘s team, and you would expect that to happen given previous attempts haven't been all that successful. the former chairman of nissan motors has been in custody now for over three months, and that is over the allegations as you were just saying that he under reported his compensation from nissan for nearly a decade through to 2018. he has also been charged with aggravated breach of trust. carlos ghosn has consistently decide all wrongdoing, and now the new head of his legal tea m and now the new head of his legal team has said it is going to have to try a different strategy from aggrav

renault, nissan, and mitsubishi are teaming up to form a new governing board. this comes in the wake of carlos ghosn's departure from the auto alliance leaders from the three automakers announcing that decision in a news conference in japan overnight. shares of all three automakers are in the green today you can see their nissan, renault, mitsubishi, all of them doing well in their respective trading fronts >>> in washington news house speaker nancy pelosi is throwing cold water on the idea of impeaching president trump nbc's tracie potts is live in washington d.c. where more on that story tracie >> hey, good morning, everyone she's speaking out with some democrats sitting ready to impeach the president. now nancy pelosi says they need to slow down she's not quite ready to go there yet. >> i'm not for impeachment house speaker nancy pelosi tells the washington post. it divides the country, and he is just not worth it, she says of president trump >> our day to day work is not about him. it's about the american people >> white house pokes person sarah hucka bee s

from a business point of view, renault and nissan, the two car—makers he brought together and run in nissan had been leaning on the japanese government to say, look, we must distance ourselves from renault, they had too much say. so the future of the big alliance, which a lot of people thought was the future for the car industry, car—makers coming together, make no dissolve, and carlos ghosn is the focus of that. in a moment the weather but first let's here's victoria derbyshire with what she's got coming up in her programme at ten. an exclusive report for nottinghamshire knife crime task. the only force outside of london to have a dedicated knife crime unit. screening for cervical cancer are at their lowest rate for 20 years. is it time to rename the smear test? public health england say the name is putting some people off. what do you think it should be called? now it's time for a look at the weather. we can cross the newsroom to matt taylor. a lovely, sunny start to shrove tuesday. plenty of showers for northern ireland, central and southern scotland and northern england into this

of renault nissan and prince albert of monaco himself. trust and confidence stuart gulliver group chief executive of the british bank h.s.b.c. was an early member of the board of directors but both the bank ended c.e.o. came under allegations of tax evasion. why you felt the need as a whole called. to create a kind of me company first of all there was no tax advantage will purpose whatsoever to the panamanian company as a matter of fact there was no tax purpose to it it was a panamanian nominee and city has trouble feeling like you have to criticize it purely to get me previously within my own company you do understand how this looks today. i understand that it looks puzzling to people and i understand it looks. and and it looks difficult and suggests the going to be other reasons related to time but there were not. great stress. and slow incredible. mishearing in front of the treasury select committee of the british parliament gave rise to an article in the guardian the daily accuse stuart gulliver of having a secret seven million dollar

and carlos goshn was overseeing alliance of companies including nissan, mitsubishi and renaultng to merge mitsubishi with nissan, now nissan is the stronger player and nissan executive team did not want renault to be acquirer of the business, also they leaned over to the japanese government and this minister of industry, the minister of business who worked with carlos goshn's number 2 who completely undid him and is now running nissan and -- and worked up these charges, joining the conversation to talk more about that is the founder of capitalist big.com jonathan hogan is here and lee carter, great to have you both. jonathan, i want to get your take because you are a capitalist as the name suggests, what is your reaction? >> to your point this really hasn't gotten the coverage, you provided the back story of frightening story, this gentleman has been a well-known fixture in investment world, automotive world for decades and to see him essentially white-collar crime. maria: he's been more than just a celebrity ceo, this guy was celebrated. there was a comic book character that w

aiming -- renault is aiming to restart merger talks with nissan, going to bid for fiat chrysler. ghosn was trying to do back in the day, push all these together to compete with bigger automakers. it is interesting to see how things are rearranging in the car manufacturing space. it will be interesting to see what kind of valuation they could particular get in this type of deal. saying not going to happen unless you change management for nissan. joining us is brooke sutherland of bloomberg intelligence, and still with us his art hogan. that is a 30% premium to where wellcare was trading before reports started to emerge. if you look at stock over the past year, this is coming in at a pretty big discount to where it was trading just in october. this is reflective of how much uncertainty there is in government paid health care plans and what exactly these programs are going to look like five or 10 years down the road. ofs is coming on the heels the trumpet administration decision to try to repeal most of the affordable care act. it will be interesting to see how that fight plays out

renault, nissan, japan partnership meeting every month in tokyo or paris, goshn still is one of 8 membersf nissan. rejected by a judge, goshn was released last week in tokyo jail in $9 million bail after spending more than 100 days behind bars, he's accused of underreporting salary h at nissan which he denials, we we e waiting for trial to again, maria. maria: white house 2020 proposal is out including billions of dollars for military and funding more wall. breakdown next and pushback. double trouble with fans, westbrook has choice words mid game while ufc champ connor mcgregor allegedly smashed a fan's phone and is later arrested coming up ♪ (butcher) we both know you're not just looking for pork chops. you're searching for something more... ...red-blooded. right this way. you thirst for adrenaline, you hunger for raw power. well, you've come to the right place. the road is yours, dig in. ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin. and i take trulicity once a week to activate my body to release it, like it's supposed to. trulicity is not insulin. it

it's been a nightmare of a situation, hammered with questions, no lawyers present, so the renault nissanef who has been widely regarded until recently with these accusations of finagling money, et cetera, tell me what your thoughts are on that. he's finally out, at least for now. >> well, he's out and maybe the truth will be told. if you remember, in november, when i was on your show, we proffered a gentleman by the name of jose munoz, his chief performance officer who has left the company. liz: boy, you didn't like him. >> well, i didn't like him. i have a feeling others will substantiate they don't like him. the reality is these companies have gotten too much power, and at the end of the day, forget the dealers. people don't like dealers. but the consumer has to be taken care of and they are not being taken care of. they are getting further and further away from the people that buy their products. liz: well, steve, i like you. good to see you. >> by the way, i want you to know, you have another jewish leprechaun. liz: on one show? oy vay. >> hope to see you again soon. thank you. liz:

new this morning, renault, nissan and mitsubishi making a new governing board.s announcing that decision in a news conference that happened in japan took place overnight we should show you, the shares of all three automakers in the green this morning after that announcement >>> also a quick final check on the markets, show you what's going on now seesawed around a little bit right now the dow looks like it would open down off -- about ten points two seconds ago, now off eight points nasdaq, though, looking higher, 21, 22 points higher s&p 500 looking higher as well little over 6 points we'll show you the ten-year note as well. looking at right there, 2.634. given the tesla news and mr. elon musk overnight, let's show you what happened to the tesla stock based on the reaction to this lawsuit or really the reaction to the filing that they made in response to that >> jim brought up an interesting point, just that it is morgan stanley and others pointing out it is the idea you can get your car made in two weeks, which shows that maybe there is not a lot of demand th

committee has been set up a committee has been set up to restructure the balance of power within the nissan renault partnership and with john doe meeks and now at the helm of this alliance he could very well find a way to say we need to hold this and rebalance the scales don't know was the main driver behind this merger with news on now that he's gone what's the likelihood of it going ahead. well it's very hard to see you know with chat with us and not at the helm you know he may have a better chance at restructuring the whole system and also having a better suite with the japanese who already felt that there was a severe imbalance a lot of it was sweet to what the french rather than japanese which the least the entire nice on board had felt even during the the much of discussions with go on the balance of power was what me i'm hesitant to move ahead with a much it in the first place also and read their reports were no doesn't just want to merge with new some but also take over other order makers and possibly become the biggest order joint in the world but there's going to be a threat in competitio

nissan made headlines today because of that news about carlos ghosn potentially going getting out on bail now this news actually came out a particularly awkward time before a frenzy fronts partner renault that was happening as they were unveiling their nuclear their new super their new maybe super car that was supposed to be a pivotal moment for them here at the car show now neither nissan nor renault wanted to comment on this news about carla's going but particularly renault has been pretty consistent in saying that this is an alliance that they want to keep that they've been working hard on restoring trust of this partnership especially nissan's trust in this partnership and most analysts and most analysts i talked to are pretty much in agreement that they believe this alliance that it doesn't help any of the three car makers to become smaller at a time when the challenges for the auto industry are getting bigger. now. at the show for us thank you. and now to some of the other stories making news around the world britain's central bank is warning that europe's financial system is facing risks to stability after a no deal brags that the bank of england extended its weekly lending faci

renault to the upside as well. this hour, they confirmed talks with a new structure for the nissan renault mitsubishi alliance.rd that oversees governance of all three. pandora on the downside. it was downgraded to sell the carnegie. anna: thank you very much. let's get to the banking sector. bank and commerzbank arriving this morning after new reports of merger talks. let's take a closer look at this story and other deals driving markets in europe. bill, partner of hogan levels and ruth, bloomberg deals senior reporter. again, we wake up to headlines about german banks considering consolidation. we had a story about this on friday as well. does it make sense to you that we will see big m&a in german banking because we have been talking about it for so long? bill: i think you will see more consolidation at a national level. i think we see it here in the united kingdom, and i think we not surprised to see it back in the news in germany. the elephant in the room is whether we are quick to have more european consolidation and pan-european. there is political pressure, policy initiatives that are facilitating inte

this is the worst possible situation for shareholders of course, the largest shareholder in nissan is renault, and there have been reports that part of the motivation perhaps for the nissan management to have moved against mr. ghosn or to have disclosed some of the bad corporate governance practices on his part are because of talk of a merger rather than just having renault own a large stake in nissan. it sounded like mr. ghosn may have been cooperating with renault to try to develop a merger two between the two, which the japanese side did not want there's a huge question about what's going to happen he still technically remains on the board of all three of the companies, but he has been stripped of the chairmanship of all three companies. nissan itself has to have an annual -- a special shareholders meeting to vote mr. ghosn off the board. there was a question that we were talking about today about whether he is still -- because he is on the board, if he is going to show up at a board meeting before the shareholders meeting to try to make some kind of motion or face his accusers one of the

carlos gold as renault mr nissan all have new boards and trouble tests like it's the brakes and the accelerator at the same time as we go to break here the numbers the closing bell will be back in a flash. with this manufacturer can be sentenced to public will. when the ruling classes protect themselves. with the fine. listen to the one percent. of the room sick. during the great depression which you must remember that it was most of the family were working. there wasn't it was bed you know much worse subjectively day but there was an expectation of the things were going to get better. there was a real sense of hope. there isn't today today's america where shade by the ten principles of concentration of wealth and power. reduced democracy attacks so low down engineer elections man you for. sure consent another prince holds according to no on. one set of rules for the rich opposite a little sure. that's what happens when you put her into the. narrow schecter of will switch will is dedicated to increasing power for chills just as you'd expect one of the most influential intellectuals of our time

artie's ashley banks reports on the status and there's ample auto news as renault and nissan all have new ford and former chairman carlos gomez is out lauren fix a car coach will be with us with that story and more including trouble as fuck all that directly ahead but first a system adeline let's go to. a second landslide defeat for teresa mayes brecht's a plan lead to a global report today is the house of commons again votes three ninety one to two forty two to reject ms may's plan throwing the process into greater uncertainty the bright british prime minister travelled to straws for a guest today to seek flexibility on the so-called backstop from the irish border from the european commission president sean claude juncker has made got some relief from mr juncker ahead of the vote only for the british attorney general geoffrey cox to find in writing that mr junkers concession did not provide internationally lawful means for the u.k. to eventually dispense with the work around with time winding down the timing and content of mr mr cox a statement were perfectly disastrous for ms may's

for years and passing on personal losses to nissan since his arrest his last top positions at nissan and renault and mitsubishi the auto executive has insisted on his innocence. tally and have begun applying for new welfare subsidies aimed at lifting up to five million people out of poverty the citizens income stream is a key reform for italy's populist government which wants to bolster the flagging economy critics however call it a budget gloating political giveaway. and saying in italy it's commonly said that all roads lead to rome and it appears that china's one belt one road is no exception italy is negotiating to join the ambitious infrastructure plan which aims to boost chinese trade it would be the largest economy to do so the move has already been rebuffed by the us and the e.u. who view the project as a geo political power move by beijing. malaysia's this year's showcase country at the i.t.v. tourism fair and bring. len it's become a controversial choice the country made headlines recently for what critics say amounts to n.t. semitism and homophobia in january the government said it wou

are talking about the car sector because matt is talking to vw but i want to bring you news on nissan renaultte a new operating board. the story yesterday suggested this could come about. the ceos of nissan and renault are to join the board. we have live pictures from oppression conference in which these changes are being announced. the alliance says the decisions are to be taken by the board and it will be consensus-based and the new board will meet every month in paris or tokyo. they are trying to reform the board. big questions hangover carlos ghosn, his departure months ago from the businesses. this is the renault chairman speaking to us this morning -- that renault ceo speaking to us from tokyo. the pound is heading for a second day of gains on optimism about a revised brexit plan. theresa may and jean-claude they madeid "meaningful adjustments to the divorce deal." parliament is set to vote on the revised settlement later. let's get to our bloomberg live strategist keeping the studio one for us. thank you for joining us. --are made to believe they're will he many fine points of legality

nissan and renault are in talks a new headquarters.hey are set to give a ppess conference tuesday. >> eight years sinceethe fukushima disaster. much it is to cleannit up. >> the disaster is ongoing. the nenew figures arare accordio the latesest inforormation froma conservative think tank, w wch gave far bigger figures han the ggvernment's expectations due to itit is expected to take at leat another decade just to cool the reactors down. across northeastern japan, residents begin the day with out remembering the triple theirrophe that changed livesseight years ago. the disaster is ongoing. efforts continue to shut it down for good. duty tove a sense of accomplish our goals. we will do our best. >> the cost estimates keep rising. in 2016, the government revised euros,al to 176 billion twice as much as its original target. last week, a think tank put the cleanup cost at 648 billion, four timimes the lltest govevert estimamate. ththe biggest cost is also he biggest hallenge. disposing of nuclear waste water. reactorsduced when the are douu

nissan-renault-mitsubishi company is streamlining decision with a single board to oversee the collaborationto give newy want input to the whole organization. as i said, being more efficient and simple affiant -- simplifying the whole structure. two former goldman sachs bankers have been banned by the federal reserve for their roles in malaysia's missing billions scandal. they say the fed -- the pair allowed cash to be stolen from an investment fund. one of them has been -- leissner has been fined and pleaded guilty to conspiracy for money laundering. [indiscernible] chief executive. he is the front runner to replace an executive who quit in january as the company headed towards collapse due to devastating wildfires. other figures could enter the race. >> checking some movers in asia up into the 3%e and easing off some of the gains already but it was a full-year profit that was beat. $1.5 billion buyback program has been announced. that stock up 1%. zte, the controlling shareholder planned to cut a stake in the company. they're switching the 1% stake to the csi 300 etf so that stock in hong

ghosn is headed up the world's biggest auto alliance comprised of nissan, renault and mitsubishi before his shocking arrest. right now we see that nissan stock is moving lower by just under 2%. >>> we have more breaking news. this just hitting the tape. according to "the washington post," fda commissioner scott gottleib is resigning. according to an unnamed administration official, he will depart the post in about one month. this is interesting, folks. he's been a guest on this show. he's overhauled the approval process and fast-tracked it because it was a bunch of red tape and yellow tape. when it comes to all of these things, he was really kind of fast-tracking new drugs coming to market but was also attacking the vaping industry. juul, as you know. so we are going to be looking deeper into this. right now, the news is that fda commissioner scott gottlieb is resigning. >>> let us get to news regarding trade. it isn't providing the markets with really strong direction but at the moment, we are moving higher. we could have some more news on trade by this time tomorrow. but not with the

the former chairman of nissan and renault has been under arrest in tokyo since november the cues to financial misconduct charges he denies. on monday his lawyer submitted a third request for him to be released on bail thank you will accept camera surveillance if necessary. his family has repeatedly complained of the say his rights have been violated. you can is shown the does the conditions of thehe tension on potentially de humanizing we have to stress we have called on the u. n. working groups conclude that carlos ghosn's's e tension is arbitrary god is goo. ththgeneva intnternational motor show gets underway this week on the prospect of a no deal breaks it is threatening to put the brakes on europe's auto industry catherine viet has the story. showing off their latest models amid worries over the impact brexit will have on the automotive industry. britain is europe's second biggest market for cars and the fourth biggest manufacturer of autos. facicing possible tariffs of up 210% and supply disruptions the stakes are high. last month nissan announced that for business reasons it would not b

renault has bounced back. nissan has really trailed off.n nissan is off the lows of the session. them inis leaves general -- we take for granted rule of law here in the u.s. lawyer -- aine a ceo being held without a lawyer? , the fort pitt capital group senior portfolio manager will be joining us. retail is up next. this is bloomberg. ♪ alix: china must prepare for a tough struggle. a warning from china's premier after the country announced a range for growth this year between 6% and 6.5%. target and kohl's deliver. the retailers raise their guidance for 2019. --will speak to the former ceo. takeover -- newmont offers an olive branch. we will speak to gary goldberg. david: welcome to "bloomberg daybreak." we still have some headlines from mr. rosengren. he is sort of tented had. -- tentative. the clear reading on the risks -- he says patience is appropriate. the markets are still pricing in elevated risks. marks he'sder what looking at for that. i wonder if the foregone conclusion now is the third mandate -- what's happening with the econom

. >>> renault apparently aiming to restart merger talks with nissan financial times reports that after this deal, should it happen, the combined automakers then could set its sights on a bid for fee yacht chrysler wow. all three companies are not commenting, but the move would signal a return to the strategy sought by former nissan chief carlos ghosn renault and fee yacht higher meantime, in political news, what apparently is old is new again on capitol hill. nbc's tracie potts is live on capitol hill to explain. >> good morning. you were just talking about this bid by the trump administration. congress has tried to get rid of the affordable care act. the justice department is now getting involved >> it's a new battle in the war over obama care. >> the party of health care. >> if that is true, god help middle class americans >> the justice department has told a federal appeals court it supports getting rid of the entire health law. not just pieces of it. 28 million americans could lose coverage >> the gop will never stop trying to destroy the affordable health care of mesh's families >

, on this program, many times, there was a coup inside of nissan did not want him to merge nissan, with renault hand with the government according to my sources, and basically they were afraid another profit warning was going to push carlos ghosn to consolidate lines, and to merge two companies, because the performance according to my source was pitiful of nissan they had three profit warnings three quarters, and there was a a feeling within the company that another profit warning was going to push ghosn to consolidate lines and go forward with the merger between nissan renault sources say a trial could be a year away he is meeting with lawyers said the system my source said the system is very harsher but treatment within jail was not. carlos ghosn there seen leaving jail yesterday, after being in prison since november 19 now looks forward to fighting back, and declaring his no one else. we are a few minutes away from jobs' report, for the month of february, we are looking at marketed that is lower ahead of that number down 140 points on dow industrials, 14 1/2 on s&p, nasdaq down 47 points wha

renault and now they have 15% of the company. this upset the japanese government because it meant the french had more of a strong hand when it came to the nissannault partnership. they have an 11% stake in airbus and a 14% stake in air france. the dutch have about a 13% stake. show you what happened to the share prices when we learned about the dutch building their stake. of can see the share price air france dropping 12%, just on wednesday before some perspective. look across the msci airlines index for europe. air france is still outperforming. what you may not know is when you look at all of these companies the french government holds, the holdings index in white, it is underperforming the cac. this is something to keep in mind as we see state capitalism make a comeback in europe. we are seeing talks of it in the u k and germany, so this is more of a broader picture of what this could mean across markets. nejra: absolutely. there was a story on the bloomberg talking about how more broadly, france's heavy corporate hand has foreign partners chafing. thank you so much, both of you. italy, whereto tensions in the populist coalition are fueling

see you soon >>> former nissan and renault leader carlos ghosn has been granted bail by a tokyo court. this after three and a half months behind bars his bail was set at 8.9 million, and he could be released as soon as today under terms he must remain on deck up next, the sales force slide the cloud company in the red this morning, and the top dog at sales force says he is bullish about the future what he knows jim cramer last night that is sure to get a lot of attention today, and bold call alert one top ranked analyst making a big wet on google. why she thinks that stock could rally nearly 20% maybe not for the reasons you think. rain 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. healthier brain. better life. you should be mad they gave this guy a promotion. you s

nissan/renault/mitsubishi alliance is moving on from the carlos ghosn era.are streamlining decision-making with one single board to oversee the collaboration. ngry: tim meisner and roger has been banned by the federal for their roles in malaysia is scandal.illions the coordinated bond offerings that about cash to be stolen from the investment fund 1mdb. $1.4 millionined and pleaded guilty to charges including conspiracy to money laundering. the trend for the iphone is going from bad to worse. that is the assessment of an analyst who affirmed his mutual rating on apple and found that multiple price cuts did not stop chinese search trends further the device from weakening. bloomberg data shows almost 1/5 of apple's fiscal revenue came from the iphone. shery: the maker of budweiser and stella artois beer is turning the leftovers from the process into salty snacks. --'s backing a food startup that is working to turn the protein from spend growing grain into edible treats. it is recycled currently into animal feed but new technology will let the company turn it i

nissan/renault and mitsubishi are planning to form a single board for their lines. -- their alliance. behind bars, carlos ghosn was freed on bail. "captain marvel" is heating up the editors in north america -- up theaters in north america. disney says captain marvel's global opening of $455 million was the sixth biggest ever. that is your bloomberg business flash. lisa: we turn to the wall street beat where we cover three things wall street is buzzing about. criticizing maternity leave cuts. top female executives site maternity leave for long-term cuts to their bonuses. citigroup launches a new currency trading hub in the region. deutsche bank and commerzbank edge closer to a merger. the german banks intensify formal talks as time runs out for a turnaround. we'll be talking about this for a while. joining us is jason kelly, bloomberg's new york bureau chief. david: i read this and i almost thought it was a typo. lisa: the headline was a typo? david: you can take maternity leave except we will hold against you. jason: that is the point that is the most surprising. timesing to the finan

a merger is sensitive with nissan and renault.ng carlos ghosn was proposing before he was arrested. they have tried to strengthen their bargaining position within the alliance in other ways. a secondary thing that could be kasichlt, the ghosn posed tensions between the japanese and french side of the alliance. at chrysler, looking at adding manufacturing and production cultures and management cultures from italy and the u.s. as well adding to those complications potentially. you have to wonder what the french government would feel about this, given it has such a huge stake in renault. shery: sophie jackman, thank you. a quick check of the latest business flash headlines. j.p. morgan chase cutting hundreds of jobs in its assets and wealth management. more thanmployed 28,000 people at the end of last year, 4% more than in 2017. j.p. morgan cut jobs in august when it cut staff from asset management. it will continue to invest. haidi: it could pay off to invest in a good nights sleep. mattress retailer casper the latest to join the un

it's been quite a saga as he lost his position at nissan and renault. interrogation, often without his lawyers present. a $108 million bail check. a rangearkets, you have bound s&p and a resilient dollar. futures pretty much flat. euro-dollar flat on the day. dollar, puzzling when you have a dovish fed. nowhere,ield goes crude off by .7%, worries about more storage coming online in the u.s. still a bit soggy in the market. we will get adp employment numbers for the week, followed by the u.s. trade balance for december. at 2:00 this afternoon, the federal reserve will release its beige book. cecelia will meet with robert lighthizer. alix: time for the bloomberg first take. oecd you get the downgrading global growth, looking at 2.3%. what does that mean to you? >> absolutely nothing. it's interesting because when the european commission downgraded european growth after the imf had already done so earlier and we had markets move on that, that told something to me. investors got a little too enthusiastic. when markets don't move on this -- this is a story t

emma: fiat chrysler getting a bump today on the report that renault was in talks to extend nissan, usingithgstone for another merger, should it happen, with fiat chrysler. indexthe european auto the best performer on the stoxx 600. also seeing some increased volume for both stocks. take a look at the bloomberg terminal. you can see how volume is much higher than the 20 day average for fiat chrysler. volume is the white line, and the blue line is the 20 day average. of course, a combination between a competition between them would help them be a little more competitive. guy: what kind of scale would this create? do iswhat you would create a truly global automaker that is able to compete with ford, gm, toyota. the way the industry is moving towards self driving cars and automated vehicles, those are extremely costly, and being able to share those costs will give you a competitive advantage. we are already seeing alliances where we might not have seen them before. we've seen vw trying to strengthen its relationship with ford. vonnie: emma chandra, thank you. isaking of next hour, it "balance o

on surprise arrest of aations of financial decades-old alliance of nissan and renault.'s legal system. he changed lawyers saying his previous lawyers were not harsh enough. we understand he was able to get out of jail but he did pay a $8.9of a .9 million -- billion. if the economy in 2020 holds firm, that president trump is almost unbeatable? i would not say he is unbeatable but i would say he is formidable and that is a caveat. if the economy stays strong, oecd is indication, the came out and cut global forecasts, so there is some semblance of the narrative where things get worse in the economy. that would spell trouble for donald trump. tom: thank you so much, our chief content of us the washington review. coming up, this is important. david westin in conversation with a controversial republican, susan collins of maine. 12:00 today. this is bloomberg. ♪ francine: this is bloomberg surveillance. tom and francine from london and new york. we heard to the central bank awaiting central change of a forced meeting. a monetary policy committee kept at 24%. bank is looking at

the decision to grant former nissan chairman carlos ghosn bail more than three months after his arrest in japan for allege financial misconduct we're going to hear from renault ceo thierry bollore at 11:15 cet. >>> we're going to bring you the euro zone february final services pmi 52.8 that's against a flash at 52.3, and that's against january's number of 51.2 if we look at the final composite pmi for the euro zone, it's coming for february finally at 51.9. that is against a flash of 51.4, and, again, up from january's 51.0 looking, therefore, like euro zone activity has accelerated more than was expected last month, but still not quite as much as some investors might be hoping for. it does seem, though, that the services growth in some of the larger economies inside the euro zone seem to have had an impact there. >> and i want to also bring you the final italian q4 gdp numbers just out we have the final q4 number revised to 0.1% q on q the preliminary figure was 0.2% q on q slightly less bad than we had expected based on the preliminary forecast, but still, a contraction and, of course, remember, that means italy was in a technical recession to end 2018 >>

withve launched a team renault as soon as we discovered what happened at nissan.not find anything wrong, anything non-conform, especially a little story about v ersailles. we finished all the audits an investigation by the end of this month. haidi: carlos ghosn could be released later on wednesday in japan. conglomerate telecoms and media editor, david mccombs is in tokyo. what is likely the next step in getting to trial in his case? david: we can expect to see them starting to put together the case in his defense. they have outlined that already. they have discussed this narrative that the charges are the result of nissan's efforts to push him out in a corporate power play. that is a narrative they are likely to support. up until now, this has been a very lopsided case in the fake -- fact nissan has been leaking continuously information about ghosn's alleged misdeeds, whereas ghosn has not been able to respond. he has been in jail and cannot respond to them case-by-case. once the is out, he will be able to do that. there is some speculation he would be holding a

nissan chairman carlos ghosn hit back on the report on corporate governments. an emailed statement said allegations he had to much power are "part of an unsubstantiated smear campaign to prevent integration of the renaultnce." it add ghosn acted at all times with board and shareholder authority. global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm paul allen. this is bloomberg. rishaad: getting to market, mumbai session about 15 minutes away. the position is unchanged, producing a bit of a downdraft. it is a real mixed bag. where in a form of stasis as we are waiting for any catalyst. the rupee 69 points against the dollar. the dollar up one quarter of 1%. the 10 year yield lurching lower. chinese equity markets get a bit of a boost with what we saw out of the speech by the premier of china. off thet csi 300 heights of the day. it was down at the start of the speech. it went up, now at this position at the moment. hong kong pretty much flat. is currently the position with regard to what is going on as we wait some news which may come on trade. we are waiting to get the balls out as well. -- get the bulls out as we