of the machine to make a life felt by a chinese investor if necessary a government source told reuters china's young tie was a step ahead and to support the rejection it now dropped its takeover bid. life shell which produces materials used in the auto and aerospace industries now plans to float a majority stake in the company instead of selling to chinese firmian time a government veto of the deal had been widely expected that was the recommendation of the german economy ministry following a months long review. only last week the german government prevented china's state grid corp from taking a twenty percent holding in electricity grid operator fifty hertz the german state own k f w bank bought the stake instead berlin was uneasy about handing a major chinese investor some control over the country's power grid some analysts say that hindering outside acquisitions could backfire on germany whose companies want access to chinese markets. sensitive a delicate topic. for our home when we do get our government to very responsible but at the same time respect that there is a need for having open m

to make a life felt by a chinese investor if necessary that's what the government source told reuters china's young thai was a step ahead and dissipating rejection it actually dropped its takeover bid altogether. life which produces materials used in the auto and aerospace industries now plans to float a majority stake in the company instead of selling to chinese firmian time a government veto of the deal had been widely expected that was the recommendation of the german economy ministry following a months long review. only last week the german government prevented china's state grid corp from taking a twenty percent holding in electricity grid operator fifty hertz the german state own k f w bank bought the stake instead berlin was uneasy about handing a major chinese investor some control over the country's power grid some analysts say that hindering outside acquisitions could backfire on germany whose companies want access to chinese markets. sensitive to the deli trades at the top big. blow to our home but we do care that our government does it to very responsible but at the same time resp

no surprise to most of you and china is trying to recruit american spies through linked in america's top spy catch at wm ever made the claim in an interview with reuters he says china has undertaken super aggressive efforts to reach u.s. citizens working in sensitive positions through fake accounts linked in which is owned by microsoft confirmed it had spoken with u.s. law enforcement agencies and taken down fewer than forty accounts. or right we're going off the grid now with lia what's happening in sweden well in sweden it's the world's first only women only music festival and it's being held in protest against a wave of sexual assaults at festivals. the problem with festivals is that it's becoming more common for women to be sexually assaulted if they attend a study in the u.k. found that one in five of all festival goers and thirty percent of female festival attendees have experienced some form of unwanted sexual behavior other reports say most women do not report their sexual abuse now the same festival was launched as a response to the countless abuse of women who had taken place at music festivals the festival is free from men both among visito

china and escalated again today. the chinese finance minister told reuters that china will continue to hit the united states with import's tariffs. yesterday officials from both nations ended talks with no progress. susan lee is here. susan? >> yeah. a $16 billion worth of new tariffs goes into effect. that's in addition to those announced in june. so this will impact automobiles, tractors, textiles, metals and energy products as well. the trade delegation from china that was in washington d.c., those talks have ended. no break through. more importantly when it comes to diplomacy, no follow up discussions being talked about at all. so sounds like there's no progress when it comes to trade especially when there's public hearings on the president's trump to tariff 25% on $20 billion of chinese-made goods. that could impact the consumer. there's well known names and products here. that includes apple watches could cost more. fit bits as well. there's no follow up discussions that have been announced. that's probably going to go into effect and might hurt the u.s. consumer's wallets. >> shepard: we're getting word of a pot

relationship with china, so many companies, including minors, really rest on hinging on the outcome of these potential restarting of trade talks. in the meantime, trump has used an interview with reutersaccuse china is manipulating currency. the president is going against his own treasury department when it comes to this point. >> he is and he isn't. i am not sure exactly what it means when treasury decides to call the fed or china a currency manipulator. he is acting more like a complainer. and he has a point. the currency has weakened. has begun to weaponize the currency. but this is what he has brought forth. we could argue whether or not his views on trade and whether or not the united states has been in an unfair trade position for a long time, whether or not that is correct, the way he is going about it doesn't himssarily get -- it gets political points, but doesn't necessarily get him to where he wants to be. and the guy on the other side of is a politician. he has people. he has to protect the economy and do what is best on his side. you can't expect him to roll over and acquiesce to the president. thatis why we are thinking later this year the u.s. economy slows. we see signs

and you saw the report from reuters the saudi investment fund is preparing to invest in in a startup electric company in china. if that is true, it raises the question will the saudis want to invest in tesla, how much money do they want to invest, would they be willing to take up as much as tesla is looking for i have a quick question for jim. jim, a lot of people have said what elon musk needs right now is a coo or someone to really be a nuts and bolts manufacturing guru, someone to ramp up production how attractive would a des lujob working with elon musk be, or would they be a little gun-shy >> customers love it, the technology is good, he's a

china. the president also tells reuters there's, quote, no time frame for resolving the dispute. o accused china in the new interview of manipulating its currency to make up for the tariffs imposed by washington. all of this comes as u.s. businesses continue to suffer. many companies and manufacturers are voicing their concern during an extraordinary six days of public hearings being held by the office of the u.s. trade representative. >>> all right. so you may remember that the president claimed repeatedly on the campaign trail that he hires the best people, but with four ex-advisers now indicted, three pleading guilty, his former campaign chairman on trial and a former aide in oprey volt, monmouth university posed this question in its latest survey. dolls donald trump hire the best people. 30% said yes. the majority, 50%, said no. 50% of adults surveyed disapprove of the president's job performance, up four points in june. when asked about the direction of the country, just 35% say it is on the right track. 57% say it is on the wrong track, a nine-point swing in the negative dir

liz: what is interesting, joey, reuters is reporting that china's own citizens are saying on social mediale, we don't even want your quote, cancer rated version of a search engine that will be so weak we rather jump over the firewall to find a search engine that will get us information we want. it's interesting to see the market reaction there. >> you know, i can put words into goals mouth but if you [inaudible] the restarting the programs and to engineer software and they got a contact in china or are pursuing one. they stopped doing this eight years ago and he took a national stand and and you think that have that same stance if bill go so far to oppose helping our own government that something that might keep us safe. google is a giant an owner access to information and have a monopoly. many opportunities that we have to see how they're doing business and why is important to look at and understand that while they make their ethical practices to limit our information [inaudible]. liz: great to see you, sergeant johnny jones. thank you for your sacrifice. come back soon. >> thank you. li

. >> the finance minister said that china will strike back every time to defend itself, but that its counter strik will be targeted. speaking to reutershe mister said we are responding in a precise way. the mister said china didn't want bystanders to become collateral damage saying, when we try measures we try not to harm the interest of foreign businesses in china. the minister is most concerned about the welfare of workers here. the trade conflict, he says, hasn't hurt the economy muc so far, but he is anticipating job losses in the exportto sector. counter that, he said that the government isuspending more to help unemployed find new jobs and ensure their basic social security. he said beijing also wants local governments to issue more special bonds to fund tu infrastruc and expect the bond to blow past $145 billion by the end of the current quarter, but the minister insists that the morerotive fiscal policy won't blow out the budget saying that we are m talking abousive stimulus, nor do we want to incur financial risks to take care of everything. but many economists worry that the greater spending would only create more financial

rajini: we just heard from the president -- he told reuters that he does not expect any timeframe for ending the trade war with china. what can we expect from the chinese delegation this weekend? -- this week, then? l:pahat's right, we are hearing from the reuters news agency that the president does not have high hopes for th delegation and the negotiaetons that areo take place in washington in the next few days. the meetings are set to take place in washington between low-level chinese officil s and low-leump administration officials. the u.s. business community has been largely pessimistic about those as well. we know that the u.s. chamber of commerce, typically agh leaning, business friendly think tank, says that the trump administration does not "have a coherent strategy for these w negotiatioh the chinese." low expectations going into this round of negotiations sent to kick off this week. rajini: paul blake with a lovely backdrop in new york, thanks for joining us. along with trade, immigration relicy is one of president trump's mostent targets for overhaul. today he hosted an event at the white house to honor

china and the eu of manipulating currency. he made the accusation in an interview with reuters about providing an explanation, conflicting with stration, the treasury department stopped short of naming the eu or china as a currency manipulator. microsoft has uncovered a new effort to hack political groups by russia. the hackers created web domains that mimic sites. microsoft got a court order to take over those domains. the british foreign secretary will call on the eu to impose sanctions on russia over an attack on a former spy. jeremy hunt is in washington where he plans to draw attention to the poisoning. the u.s. has already imposed sanctions in the matter. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm taylor riggs, this is bloomberg. david: thanks so much. president trump has new criticism for the federal reserve, expressing disappointment in jay powell's leadership. that is because he thought he would be a cheap money guy and he has already presided over two rate hikes. ,e welcome now lisa shalett always good to have you. lisa:

reuters that chairman powell should not be raising rates and instead should focus on what's good for the country. >>> president trump also down plays the trade talks saying he doesn't anticipate much progress with china, but chinese equities close higher led by the csi 300. >>> bhp trading near the bottom of the stoxx 600 after the largest miner misses expectations overshadowing a record final dividend payout. >>> and italy's prime minister slams a modest offer for the recovery effort in genoa, saying the operator could quadruple it. >>> checking in on how equity markets are doing. the chinese equities are trading in the green led by the csi. overall it's been trading positive for the last couple of sessions on positive hopes and

reuters writing about the jobs report and says the trade war intensified on friday with china's commerceinistry imposing import tariffs on u.s. goods -- proposing import tariffs on tuesday billion --lars worth of u.s. goods proposing import tariffs on $60 billion worth of u.s. goods. u.s. job growth slowed in july, the unemployment rate dropping to 3.9%. newport, tennessee. good morning. caller: good morning. i have a couple of things to say. you hear trump turning around and saying they are taking our jobs, they are taking our jobs. 20 years ago, you will remember this, the stock market turned around and said we were going from an industrial company to a services country. the warning was there. it's just the way it goes. iran a company -- i ran a company in new jersey for many years. i started my own business -- i'm 73 now. that's what made me able to retire. with these tariffs, unemployment in the next year, lightning is going to strike the u.s. when it comes to unemployment. because of all the jobs that will be lost. the steel industry, that didn't help. ofown with a population 5000,

one official invasion telling reuters that it was very unlikely the project would be approved this year. of china ind out 2010. the majority of its services remain blocked there. claire: the latest news by the white house on the trade dispute with china causing waves on the markets. >> the shanghai composite closing down over 2%. after donald trump totaled his trade representatives to look at more than doubling the proposed text on $200 billion with a chinese imports. european shares also trading down sharply today. shares in the franco dutch telecoms from our down 13% after it reported a full -- falall in sales. the bank of england is raising to dust rates in wk to its in the u.k. highest level in more than ninee years. the bank has been raising rates. monetary policy committee says it expects future interest rate rises with the gradual and limited. the carmaker is showing signs of a turnaround. burning through less cash and its model three car is starting to make money. losses at the company doubled in the three months at the end of june to over $715 million. investorshas assured the company wi

stories: us president donald trump has accused china of manipulating its currency to combat us tariffs. the accusation, made in an interview with reutersmbles claims mr trump made during his 2016 campaign but had avoided more recently. it comes as the two countries prepare to meet in washington this week to discuss the ongoing trade fight. just 6% of people in the uk now work 9:00am to 5:00pm, a yougov survey has found. almost half of people work flexibly with arrangements such as job sharing or compressed hours, allowing them to juggle other commitments, the survey found. donald trump has, well, trumpeted the state of the us economy under his leadership. indeed, much of the us economy has boomed during the trump administration. but are average people feeling the benefit? the bbc‘s paul blake has been looking at one number that seems stuck, potentially holding down the american consumer. we have the greatest economy we've ever had. we have the best numbers, where setting records in every respect. —— we're setting records. the us economy is booming, the president is right about that, but our average americans feeling any of the benefit?

he also repeated his claim china and europe manipulate their currencies. in an interview with reuters he beijing artificially lowers the level of the you want with the u.s. places tariffs on chinese goods. china's problems with dodgy data all in-house according to the man in charge of government statistics. national bureau of statistics said the company's growth this year will probably exceed its annual target of 6.5% despite the trade war with the u.s.. >> within china's 6.8% economic growth in the first half of this year, domestic consumption contributed 78.5% while domestic investment dispute falling accounted for 31%. exports went down. thinking about growth and achieving the target of 6.5%, china is not affected by the fall in exports. microsoft has revealed a new effort by a group of cyber attackers links to the russian government to target american groups ahead of the u.s. midterm elections. president brad smith said the six webgroup created domains that mimicked organizations such as the international republican institute. siftingt said it is through evidence of the group's in

ash, the elephant in the weekend reading room is the reuters article on volatility in domestic china.tty lonely article. i am not saying it is bad or good, but it is standing by itself right now. what do you make of it? >> how many years have people that talking about the looming crash.bust, calling it difficult, in the end, chinese policymakers are pretty top-notch at the macro level. they are engaged in the work.ational they kind of think the same way we do in terms of orthodoxy. sheetave a great balance if there are problems to resolve it. i hope they know the problem. they can think about solutions. the have a balance sheet. tom: diana, step in as well. at bluebay in jpmorgan, how do you measure internal dynamics of economists turned revolution? we have this he did article last theh about china and relationship of australia. now we follow on with reuters in this article about discontent within the communist party. do you think it is legitimate? >> undoubtably, given what we are seeing with escalation on trade and the importance of trade to the chinese economy, although it has been

china this week. the president telling reuters, he did not quote, anticipate much would come of these talks. here to weigh in our own kristina partsinevelos, bellpointe chief strategist david nelson. it is great to have you both here. let's kick it off with china, kristina. all these public hearings are being held under lighthizer. are saying don't do this with the chinese, don't proceed with 200 billion. you will attack everything from cradles to coffins. president says he will still do it. >> he will still do it. he said recently he is in the it for the long term. a lot of argument they can do it for long term because the president has a long term because there is no end to his term. we need to think about once you start shifting products locally, means local producers will take advantage to increase their prices. you're getting hit by double-whammy. local consumers and getting hit by the tax on chinese goods. it is unfortunate when you say, the united states right now is in stronger position. yes, chinese markets are getting hit but it is not a zero-sum game. this is going to possibly cha

commerce secretary later >>> $16 billion in new tariffs are set to take hold on china tomorrow president trump saying reutersate anything coming out of it. joining us now to discuss it, at post nine, robert kune, a long time advisor to china's government, author of "how china's leaders think featurin president xi." how are china's leaders thinking right now about this trade friction with the u.s. >> obviously it's a very serious issue, and everyone is taking it seriously. we're actually in the unhappy land of self-fulfilling proph y prophesies on both sides there a narrow view in china that the u.s. is trying to constrain, limit china's development. the narrative in the u.s. is that chesapeaina's trying to re the u.s., trying to ravage our economy. so we have these two self-fulfilling prophecy, because when each side sees something that re-enforces it's own biases, it goes from theory into practice, which is what we're seeing now we should be talking opposites, there is great opportunity for the u.s. and china to work together the bilateral relations will form the basis for world peace and prosperity in the

where the president told reuters that he does not anticipate much coming out of china talks this weekas no time frame for ending the trade dispute with china of course those comments are against the backdrop of a new delegation of vice ministers from china that will be in washington this week negotiating with treasury under the secretary about the trade tensions that have been bubbling over for the last several months there was an expectation that the meeting between president trump and president xi that would take place at apec and the g-20 meetings was sort of a loose deadline to work out these tensions but the president says there's no time frame for ending the china trade dispute and he doesn't anticipate much coming out of this weeks negotiation. >> do you think that will come as a surprise to people, whether investors in the market or people you talk to on capitol hill that have hopes for this negotiation? >> i think there's hope that a meeting is taking place at all you've heard white house officials say talking is better than not talking we heard larry kudlow say that last wee

in china manipulate their currencies. he told reuters that when the u.s.uts tariffs on chinese goods, beijing artificially lowers the level of . in a wide-ranging interview, the president said he had no timeframe for ending the diplomatic standoff with turkey and said it's dangerous to have company such as twitter and facebook regulating themselves. the hp paid out a record dividend and plates to return the proceeds of recent asset sales and profit jump to the highest in four years. stronger prices and higher copper output helped earnings jump 33% to $8.9 billion. the world's top minor raised its annual dividend 42% to $1.18 a share, which included a record final payment. a strange prime minister malcolm turnbull is facing government lawmakers which could be a challenge to his leadership. he is struggling after months of poor polling. a recent election defeat and a backflip on his national energy policy. challenge could come from the home affairs minister, peter dutton, ahead of an election which must be held by the middle of next year. see butave begun to

issues cut into that president said no time frame for ending dispute with china that was word from the president in a new reutersn on thursday, white house press secretary hogan told me yearly the picture of trade tariffs economy is still up there, listen to this. >> his policies are going to protect this country that that is what he wants to do in addition not just china but mexico as well we are on precipice of knowledgeable deal with nafta. maria: your reaction to the issues even though we see growth worried about trade. >> absolutely. that is the concern. i guess what i would say two things first of all, i this i the upside of the trade negotiations is not that sigh nor is downside that low, let me give you a couple statistics, if we think about our trade with china right now, we export about half a percent of our gdp to china. so even if we were to double that, if we got a levy playing field, of course, what the president is hoping for, and we doubled exports we would o be talking about an increase of about a half percent gdp, or current levels about a sixth year of economic growth obviously' manager would

guilty plea, guilty verdicts as well, china gearing up for another round of trade talks. president trump told reutersk anything will come from it. the u.s. will begin checking, excuse me, another $16 billion in chinese goods tomorrow. >> beijing said it would trike back dollar for dollar. they will settle claims of gender discrimination, harassment and unequal pay. irish has been working to fix disparities last year, bunk samarys to make sure all employees are paid equally. that's important as uber gears up to go public next year and helping prep for an ipo, it hired a chief financial officer which had been vacant since 2015. he is a banking and insurance exec. >>> after one of of 16 years, hi there, romans, animal crackers are no longer behind bars. barnum's animal crackers changing the classic design. the animals are not in cages, instead, they are roaming free in grassland. the company says it's redesigned an evolution of the brand peta says it sent a letter criticizing the glorifying the use of animals. the new box no longer has them for circus shows. we don't joy them eating them. >> run free, a

claim thateated his china and europe manipulate their currencies. in an interview with reutersd when the u.s. puts tariffs on chinese goods, beijing artificially lowers the level of the yuan. with data arems all in the past according to the man in -- behind government statistic. the head of the national bureau of statistics said countries growth will exceed its annual target despite the trade war with the u.s.. >> within china's 6.8% economic the first half of this year, domestic consumption contributed 78.5% while domestic investment dispute falling accounted for 31%. the exports actually went down. thinking about growth and achieving a target of 6.5%, china is actually not that affected by the fall in exports. realtte: microsoft has a -- has revealed a new group of cyber attackers links to the russian government. post, president brad smith said the shadowy group created six web domains that mimicked organizations such as the international republican institute. microsoft said the group's intentions after applying for and getting a court order to take over those domains. minist

donald trump has again accused china of manipulating its currency to combat us tariffs. he made the accusation in an interview with reutersd repeated last month. mr trump also criticised the head of the us federal reserve for raising interest rates, prompting the dollar to fall. the us and china will hold talks in washington this week on trade. as we've been hearing, britain recorded its biggest budget surplus for the month ofjuly in 18 years. the surplus — that's how much more came in than was spent — was £2 billion last month. that excludes state—controlled banks. it's more than double the surplus in july last year. well above forecasts too and was thanks to more tax payments coming in. house of fraser's flagship store on oxford street in london will now stay open. the chain's new owner has agreed new terms with its landlord. the store had been due to close under a restructuring plan that house of fraser announced injune. but the department store group fell into administration earlier this month. it was then bought by mike ashley's sports direct, who says he plans to keep eight out of ten of its shops open. it's always

accusingent trump is china in the european union of manipulating their currency. he made the comment to an interview with reuters explaining his comments. the treasury department stopped short of naming china or the eu a currency manipulator. microsoft has uncovered a new russian effort to crack conservative think groups before the 2018 election. the hackers created web domains that mimic their sites, but microsoft got a court order to take over those domains. has survived a challenge to his leadership. he may be challenged again within days. party leaders are concerned about slumping poll ratings. president nicolas maduro is cutting 50's off of the boulevard after years of hyperinflation. venezuelans may encounter soaring prices today. a 24-hour strike to protest the devaluation. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. salek.bastian this is bloomberg. tom: thank you so much. equities, bonds, currencies, commodities. features up, up, up. dow futures getting up to everything but record highs. the curve flattening. th

reuters news agency that officials are saying that u.s. officials are in contact with chinese counterparts to determine whether the conditions are right to hold negotiations over trade all those conditions right and will china come to the table do you think. i think china will come to the table it is the united states the trump administration that has been pushing for this tariff fight china does not want a trade war and it will do everything that it can to stop it you know shut down. you know giving up then tie country as it were so yes china would want to talk the problem is what is the true and ministration demanded of china and whether china is willing to give that doesn't president tom have a point though that if i understand it correctly the original trade agreements between china and the u.s. were based many years ago on the fact that china's economy at the time was an emerging economy they haven't really changed their developed that much over the brim the following few years and of course china is a major economic global power so things should really be renegotiated shouldn't they well the point there is that it isn't whether china should open its markets or whether americans have a right to market

reuters. the president saying he does not anticipate very much will come from the china trade talks this weekn washington. managing expectations there. he also says that he has no time frame for ending the china trade dispute. we will be keeping an eye on how this news impacts the markets tomorrow of course. connell: those, meetings this week, anyways, seemed to be more of a set up for down the road. melissa: interesting. more of low-level folks to hammer out details. connell: that is true. that is true. funny to see it on the front end, as opposed to back end. >>> meantime powering up the coal industry. the interesting story that the trump administration making a big push to keep coal plants open. we'll tell you what steps they are taking next. melissa: calling out bruce ohr. the president putting pressure now on attorney general jeff sessions to fire the justice department official with connections to that anti-trump dossier. he still works there? ♪ u'd be better off throwing your money right into the harbor. i'm gonna regret that. with liberty mutual new car replacement we'll replace the f

interview with reuters, president trump said he'll iticize the fed if it continues to hike rates and that the cen rall bank should be more accommodating. in hat sameinterview, he said china was manipulating its . curren and china artificially lowers the price of their >> this week it takes center lage in washington. kaylaooks at what's on the enda and what's at stake. >> the white house could play host to another trade truce wednesday. a new effort from treasury undersecretary has white house officials optimistic after higher level talks in june fell short. >> you have to start in the weeds. is think this kind of our weedwacker. he's over there in treachery, k and hews the details of stuffer that we have to bring to the chinese. the fac that they' here this week, is a posive sign >> washington is not fully letting its guard down against beijing. this week alone features a victory lap andh meetings w europe and japan, on how to challenge china on a global stage. not to mention a new round of tariffs that could take effect on wednesday. >> my concern is that making progress on the counterfeiting of intellectual property is for sure poss the notion that china is going to ch

reuters that chairman powell should not be raising rates and instead should focus on what's good for the country. >>> president trump also down plays the trade talks saying he doesn't anticipate much progress with china, but chinese equities close higher led by the csi 300. >>> bhp trading near the bottom of the stoxx 600 after the largest miner misses expectations overshadowing a record final dividend payout. >>> and italy's prime minister slams a modest offer for the recovery effort in genoa, saying the operator could quadruple it. >>> checking in on how equity markets are doing. the chinese equities are trading in the green led by the csi. overall it's been trading positive for the last couple of sessions on positive hopes and anticipation of these talks yielding some results later this week as the two sides are discussing u.s. and beijing are meeting in washington to discuss these tariffs. generally the mood is positive stoxx 600 is trading slightly up at 0.1% in early hours of trading. let's get into the individual indices to get a picture there ftse 100 lagging down about 3 points or so. mildly below the flat line in the uk watch out for public finances coming up in about a half hour's time als

china last month with more from washington. just a few days ago doldrum been pretty upbeat about negotiations with north korea telling reuters about pyongyang had taken steps towards denuclearization of missile testing and stalled and he was looking forward to another summit with north korea however house to be said mike compares last trip to north korea was a bit of a disaster by many accounts kim dragoon even snubbing compare there was a great deal of pressure for something tangible to come out of this one from the more hawkish people around him john bolton as national security advisor for example but it is striking in these tweets but it's still very diplomatic very respectful towards chairman kim and he says he still does want a summit to take place at some point in the future federal prosecutors in the u.s. meanwhile have granted immunity to the chief financial officer of donald trump's business empire an imbecile because also treasurer of trump's charitable foundation he's being questioned as part of an investigation linked to michael cohen who is trump's former personal lawyer of course on tuesday cohen pleaded guilty to br

china resume trade talks in washington. but expectations for progress are low, this after president trump told reuters on monday he did not anticipateuch to come from the meetings. the talks today and tomorrow will be held by lower level officials including the treasury undersecretary and china's commerce vice minister >>> the u.s. is reportedly nearing a big break through in nafta negotiations with mexico that could pave the way for canada to rejoin talks politico says the trump administration could announce a handshake deal with mexico as early as tomorrow. >>> let's talk a bit about retailer lowe's, they're out with earnings. on an adjusted basis, the company earned $2.07, higher than the $2.02 the street was expecting. revenue also boating 20$20.9 billion verse the 20.7 billion the street was expecting. if you look at in terms of guidance, they cut the full-year forecast they are also saying that their total sales are expected to now for the fiscal year be up by 4.5% they will be taking some actions like aggressively trying to rationalize store inventory, getting rid of some lower performing inventory while they say they will tr

china. instead of spreading the blame. as did the president in an interview with reuters last night. >> listen, they'd be -- the russia gameed by other possible adversaries and they've seen how cheap, how effective -- in many ways, how vulnerable we are. it would be a real mistake to assume that any other nation has the level of those sophisticated attacks that russia's putting forward. the history of using these attacks both on the election process directly but also in terms of maligned efforts to try to divide americans on hot button issues. >> you have a record of working well with people across the aisle. do you have any republican support for your defense bill amendment that would take away the presence -- exclusive power over security clearances? >> well, this bill would simply -- they lay out very clearly 13 reasons that people should have their security clearance removed if they make violations. one of those violations does not include exercising your first amendment rights. i think there will be republicans that will support the amendment. i've had a number of conversations with them. the challenge is will we actu

president is managing expectations for mid-level talks with china this week he's discounting the optimism of his own economic team, telling reuterse much this week and has no deadline for the talks to wrap up sayin s saying, i'm like china, i have a long time horizon. one official says the purpose of the talks is for each other to test each other's boundaries by the time the talks conclude, china and the u.s. will likely have tariffs in place on $50 billion goods on either side with the u.s. holding events on thursday and friday that will only ramp up rhetoric against china. u.s. officials point out that the talks may signal the treasury department's interest in stabilizing the relationship, stabilizing the market, but the tariff tool box is controlled separately it's controlled by the u.s. trade representative and while trump and president xi may meet at apec or the g-20 in november, the president says nothing's been scheduled a lot can happen before then, joe? kayla we'll continue with our next guest. let's talk trade and communications with michael comingues. good to see you. you were in the obama administration just watching

china last month here's more from share returns ian washington d.c. just a few days ago donald trump again pretty upbeat about negotiations with north korea telling reuters that pyongyang had taken steps towards denuclearization the missile testing had stopped and he was looking forward to another summit with north korea however it has to be said mike compares last trip to north korea was a bit of a disaster by many accounts kim dragoon even snubbing compare there was a great deal of pressure for something tangible to come out of this one. federal prosecutors in the us have granted immunity to the chief financial officer of donald trump's business empire and by the berg is also treasurer of trump's charitable fund foundation has been questioned as part of an investigation linked to michael cohen trump's former personal lawyer and of course on tuesday pleaded guilty to breaking campaign finance laws and accuse the president of directing him to do so cohen is now assisting with the special investigation into russian interference into the twenty sixteen election. judge in ecuador has suspended the recently imposed entry restrictions for venezuelans fleeing

submitted to the us government from businesses and the reuters did some analysis and said they‘re against the imposition of new tariffs on imported goods from chinacome into effect is september. i believe a chinese delegation are on the way too the united states. what can we expect from that? there is a delegation coming to meet with some trump administration officials to some sort of agreement. in terms of what is to be expected, it is difficult to say. the expectation right now that there will be talks and no grand outcome. the us chamber of commerce, which is a right—leaning think tank and in favour of probusiness policies, is saying the trump administration does not have a coherent strategy nor the negotiations. so some pessimism going into the negotiations that are set to place later this week. paul, thank you. staying with trade, china is pursuing a grand strategy for building up its domestic economy, to enhance its ability to produce exports. the initiative is referred to as "made in china 2025". robin brant filed this report from beijing. addressing the country‘s top scientists, china‘s leader, xi jinping, talked of self—determination. he

china and the u.s. shihab rattansi has got more from washington d.c. just a few days ago don't trumpet him pretty upbeat about negotiations with north korea telling reuters that pyongyang had taken steps towards denuclearization of the missile testing and stopped and he was looking forward to another summit with north korea however has to be said mike compares last trip to north korea was a bit of a disaster by many accounts kim drumming even snubbing compare there was a great deal of pressure for something tangible to come out of this one federal prosecutors in the u.s. have granted immunity to the chief financial officer of donald trump's business empire allan vizsla bugs being questioned as part of an investigation linked to michael cohen he's trump's far more personal lawyer until tuesday cohen pleaded guilty to breaking campaign finance laws and accused the president of directing him to do so. ranger refugees living in bangladesh are holding protests to mark one year since a military crackdown force them to flee their homes in me in march the un has described the military's attacks on the ranger as a textbook case of ethnic cleansing but are now mor

again gone after his two biggest trade partners china and europe saying they have manipulated their currencies accusations were made in an interview with reuters sanctions and tariffs are fast becoming trump's weapons of choice a shopper tonty reports from washington. the trump administration has been setting new records with its imposition of sanctions on foreign entities though it is continuing a trend we saw under barack obama what is different is the imposition of economic tariffs this administration overtly views the dollar as a weapon and the globalized economy as a battlegrounds. the numbers have been climbing proud of donald trump's presidency but according to the u.s. treasury sanctions were imposed on close to one thousand entities and individuals in twenty seventeen a new record. and this year analysts predict the administration will suppose that number potentially adding more than fourteen hundred entities to the list of those sanctioned he's a president he came into office without much to government experience any with very limited in the western relationships with people on the hell of the product executive branch and what sancti

china. and so the thing is reuters now reporting that the chinese are saying, you know what?didn't even want your castrated version of the google search engine. yes, that that's a quote. we want to jump the firewall and -- stuart: great firewall of china? elizabeth: that's exactly right. stuart: gross hypocrisy when you censor your own employees, you won't work with the pentagon on artificial intelligence, oh, but we'll get back into china, and we will allow them to censor our search engine. ashley: you can't make it up. stuart: we're going to be down, what, about 160-odd points when we open this market in four-and-a-half minutes' time. the nasdaq will be down 51. follow it with us, please, because take you to the opening bell. ♪ ♪ stuart: all right, thursday morning, 40 seconds to go, and we open up this market. now, we're probably going to see a a triple-digit selloff at the opening bell. it's another case of trade worries. president trump has told his top trade adviser to get out there and go towards, start considering 25% tariffs on chinese goods coming here, 25%. that's

i want to make one other point on the reuters story i think kind of interesting on the chinese, there may be some sort of cracks emerging in the leadership in china there may be some, john layfield, back and forth in the economist party where some inside the party, according to reuters at least, are unhappy with xi xinping's leadership although he is still firmly in power there. the implication, john layfield, would be hey, maybe the u.s. is winning this trade war after all and they have more to loose than us which we heard before but what do you think is actually happening? >> i think exactly what you're say something happening. mr. xi has a real problem here. when the u.s. sent over their delegation to try to work out the trade deal, the chinese papers were saying don't deal with the usa bully. he is under political pressure even though he is the for every chairman, one belt road, china 2025 passed. he is in real bind. chinese economy was hurting before the tariffs. this has not come at a good time for him. connell, the best point is where is their off-ramp? how can they get rid of the trade war? connell: what is it for china, john? how do the

the saudi private investment firm akorkd to a report on reuters this weekend, may invest in lucid, another electric vehicle company out of china. that report has people saying, well, wait a second. is there going to be an investment in tesla? the discussions, by the way, since this first came out a couple of weeks ago, it's very unclear where the state of those discussions lie at this point, and it's everybody's guess in terms of what might happen finally, arianna huffington suggested that elan musk perhaps get some rest, and he tweeted back at her yesterday, "ford and tesla are the only two american car companies to avoid bankruptcy i just got home from the factory. you think this is an option. it is not. i think referring to whether or not he can get more rest that tweet might have some people saying, is there anything go to change after the interview with the "new york times" where he said he is close to a breaking points, hasn't had a vacation since 2001, and as you can see from that tweet, he is not slowing down >> he certainly is not, phil i'm glad you brought up lucid and the saudi investment fund in talks to invest in

china and the u.s. shihab rattansi has more from washington d.c. . just a few days ago don't trumpet i'm pretty upbeat about negotiations with north korea telling reuters that pyongyang had taken steps towards denuclearization the missile testing had stopped and he was looking forward to another summit with north korea however has to be said mike compares last trip to north korea was a bit of a disaster by many accounts kim dragoon even snubbing pair there was a great deal of pressure for something tangible to come out of this one and federal prosecutors in the u.s. have granted immunity to the chief financial officer of donald trump's business empire allan vizsla bugs being questioned as part of an investigation linked to michael cohen trump's former personal lawyer on tuesday cohen pleaded guilty to breaking campaign finance laws and accused the president of directing them to do so . rangel refugees living in bangladesh are holding protests and mark one year since a military crackdown forced them to flee their homes in me in ma there are now more than seven hundred thousand of them in camps in bangladesh the international committee of the red cross s

reuters, the president said that the u.s. central bank, under jerome poll, should be more accommodating. mr. trump also repeated his charge that china and europe manipulate currency. a strong day on wallwitreet ended th a dip after the president's comments. the dojones industrial average gained 89 points to close at 25,758. the nasdaq rose four points to close at 7,821, and the s&p 500 gained seven points to close at 2,857.l st come on the newshour: the white house counsel cooperating with robert mueller's investigation. how catholicview the pope's response to the church sex abuse scandal. on the ground in nevada where immigration is playing into a key u.s. senate ra, and much more. woodruff: the string of attacks coming from the president's twitter account continued today with a now familiar target: the mueller investigation. or as mr. trump claims, "the tch hunt." amna nawaz begins our coverage with the latest pushback. >> nawaz: it's not the first time president trump's advisors have made headlinetoattempting efend his version of the trut >> that's why we feel compelled to go out and and clear the air and put alternative facts ou

american pastor in an interview with reuters on monday the president said he wasn't concerned that his tough stance could end up hurting european economies he again accused china as well of manipulating its currency or let's speak to our white house correspondent kimberly halkett she's in washington for us and is a very much as a president time is not in the least bit concerned turkey's action of lodging a complaint at the world trade organization in geneva. that's absolutely right martin fact the president signaled this last week he reiterated it in that wide ranging interview on monday when it comes to the situation with turkey in the words of the u.s. president no concessions the ultimate goal for the united states is getting the release of that american pastor andrew brunson the president believes that he and president everyone had a deal that they spoke at the nato summit in brussels and that there was an agreement that there was a woman who was detained by israeli forces in israel that if the u.s. was to persuade for her release which did occur then there would be this reciprocal release of the u.s. pastor but that was not what happened instead the turki

there's a reuters report that the eu is set to end chinese imports in september. there are rumors among trade magazines that chinaputting up 10 gigawatts worth of unsubsidized projects on line. also when it comes to the outlook for energy generation, bloomberg intelligence saying clean power will be the fastest form of production over the next two years. haidi: thank you so much for that. coming up next, we will take a look at apple. is this an upgrade or just another s year? we will look at the features of apple's new upcoming three iphone x's. are they exciting enough to grow back the market share apple has lost? this is bloomberg. ♪ rishaad: let's take a look at -- let's take the opportunity to look at the stories trending across the bloomberg terminal. a new trade deal with mexico that the united states has pursued to replace nafta. on tictoc, on twitter, how the toek island is gearing up run on a completely -- completely on renewable energy.that's trending at bloomberg.com. we will take a look at the upcoming phones, as applicable down on last year's flagship design. a look at those stories trending on bloom

trillion dollars at the mid-year mark according to thompson reuter data but despite possible storm clouds like rising interest rates and chinaons, our next guest says he's optimistic on the 2018 deal making landscape. joining us is scott spurling. and scott, great to see you as always. >> thank you, becky. >> what are you expecting from the second half of this year >> one of the most important things that affects all of us as investors is the strength of the economy, both in the united states and i think globally. there are obviously storm clouds all around us in terms of the various tariff battles, in terms of the geopolitical conflicts with places like turkey, but the more important driver has been the strong fundamentals of the consumer in the united states and again in many parts of the world including china and the ability of business to see expanding revenues and margins. and that all contributes obviously to the strong gdp growth we've seen over the course of the last 12 months and that is expected to continue for the next 12 to 24 months. so given the growth -- go ahead, becky. >> finish your thought. >> given the gr

and china aren't going or progressing as well as perhaps investors might hope, all you have to do is look at this reutersys that the administration is we considering raising the tariff level on that $200 billion worth of products, they would raise that to a 25% tariff from a 10% tariff it certainly has peaked the retaliatory interest of china. a spokesperson for the foreign ministry in china saying this about that move if it were to happen saying u.s. pressure and blackmail won't have an effect if the united states takes further further further escalatory steps -- it would certainly seem to signal that the administration is willing to escalate this in a way that would cause more collateral damage to consumers back in june when the administration first announced that it would be targeting these $200 billion in exports, peter navarro, when i asked him at a briefing how they were going to limit the affect on consumers, he said the fact that it will be a 10% tariff and not a 25% tariff is designed to blunt the affect on consumers or potential job losses so this would go beyond that estimate by the white hous

china and the us south korea has cooled trump's decision unfortunate she have returns he has more from washington. just a few days ago doldrum been pretty upbeat about negotiations with north korea telling reuters that pyongyang had taken steps towards denuclearization of missile testing and stalled and he was looking forward to another summit with north korea however house to be said might compare as last trip to north korea was a bit of a disaster by many accounts kim drawn even snubbing compare there was a great deal of pressure for something tangible to come out of this one from the more hawkish people around him john bolton as national security advisor for example but it is striking in these tweets but all drop is still very diplomatic very respectful towards chairman kim and he says he still does want a summit to take place at some point in the future in the democratic republic of congo the opposition leader. has been told that he can't compete in the upcoming presidential election the election commission says it's rejected his application because he's been charged by the international criminal court with tampering with witnesses and there has been seen as a possible front runner for the

donald trump has again accused china of manipulating its currency to combat us tariffs. the accusation, made in an interview with reutersral reserve for raising interest rates, prompting the dollar to fall back. the us and china will hold talks in washington this week on trade. as we've been hearing, britain recorded its biggest budget surplus for the month ofjuly in 18 years, according to the ons. the surplus last month, excluding state—controlled banks, stood at £2 billion, more than double the figure injuly last year and well above forecasts. the improvement, which was driven by strong income tax receipts, took the deficit for the first four months of the 2018/19 financial year to £12.8 billion pounds, down a0% from the same period of last year. house of fraser's flagship oxford street store will now stay open after the chain's new owner agreed revised terms with its landlord. the store had been due to close under a restructuring plan that house of fraser announced injune. however, the department store group fell into administration earlier this month, and was bought by mike ashley's sports direct, who says he plans