here is taylor riggs.low to the british prime minister's brexit negotiating strategy. david davis and his deputy have quit in protest over her plans for a soft exit from the eu. davis says may is putting the u.k. in a week negotiating position in brussels. he will be replaced by dominic route. may says she has cabinet backing for keeping close ties with the eu after leaving the block. majoris describing floodwaters. at least 110 people have been killed and 80 are missing. 23,000 have been forced into evacuation centers. companies including mitsubishi have shut down factories. the weather is expected to improve this week. u.s. secretary of state mike pompeo is brushing off north korea's criticism of the date new -- of the denuclearization talks. north korea has continued to support giving up nuclear weapons. have korean officials called the meeting gangster like. in brazil, a series of judge ease have raised the stakes for october's presidential election. a blocked in order to release a former president fro

i am taylor riggs.nks so much. the brexit strategy is in disarray after she bowed to pressure to rewrite plans. 'se u.k. prime minister majority was cut to just three votes. is jordan us rochester. let me turn to you first. does this change anything, in terms of sterling? market has a good story for u.k. growth. the message is not crazily more. we are going to have to turn this positive. that is a positive going forward. then, you've got that risk chance, that bloomberg headline saying she faces a vote of confidence. that would send cable lower 3% on the day. theresa may might survive that vote. they would have to see what the vote was, do we have a leadership contest? she only one by three votes yesterday. she only wanted because the opposition wasn't really organized. the vote today, if the ua -- u.k. doesn't negotiate by january, the customs union moves in. they are put forward tonight. and that is more political bedlam. you've got brexit amendments yesterday. you have soft brexit, a different bill.

i'm taylor riggs.s is "bloomberg best," your weekly review of the most important business news and analysis from bloomberg television around the world. monday, investors awoke to the results of the presidential election in turkey. >> rested tayyip erdogan won a mandate to government sweeping powers after a victory in presidential and parliamentary elections. the nation's longest serving leader took 53% of the vote. what does it mean for the turkish economy going forward? >> it is another critical step for president erdogan who has been in power for 16 years, and is looking to extend that power. in the first round, the expectation was it would go for a second round but that did not happen. there were claims of vote manipulation. we will see what kind of measures the election commission takes, and will be done about economic policy, will the government move away from the expansionary aggressive easing and more towards reform and austerity measures to rebalance the economy. david: on friday, treasury secr

here is taylor riggs.or: francine, pushing the sustained growth rates achieved by his predecessor. switzerland's third-largest wealth manager added about $15 billion of net new money in the first six months, in line with the company's growth market at julius baer. >> we will be within 46% this year. 2017 was a nice ordinary year, and the market pointed one way. i am very happy with the five went one and i can come from that i feel comfortable to land within the 4% to 6%. taylor: ryanair posted a drop in first-quarter office and warns that threat of walkouts by unions are starting to make customers hesitate to book flights. the company's cfo told bloomberg he recommends oil prices at the current level but warns that some may feel pain. neil: i think it is good for our industry. it helps lead to consolidation within the sector. carriers areeaker going to see pressure on their cost base and indeed on their cash generation, which will lead to more consolidations and failures within the sector. taylor: and that

there is taylor riggs.sident trump has triggered a major showdown over the future of the supreme court. the president has nominated brett kavanaugh to fill the retirement of justice anthony kennedy. if he is confirmed, that could make it the most conservative court in a generation. democratic senator chuck schumer says he will oppose kavanaugh with everything he has. roseroducer price index 4.7% in june, but analysts expect that pace to slowdown. in western japan, officials say 134 people have died from heavy rains, flooding, and mudslides. more than 50 people are still missing. the rain has now stopped. thousands evacuated have returned to their homes. isturkey, president erdogan following through on his pledge to tighten monetary policy. he has issued a decree giving him the power to name the head of the central bank and its governor. 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 am taylor riggs. this is bloomber

let's go to taylor riggs. first 10 to outcome from last month's summit with president trump and kim jong-un. north korea has released the remains of some of the americans killed in the korean war. that comes on the 60's bit anniversary of the armistice that ended the fighting. president trump is enthusiastic about the latest data on the economy coming out today. the president spoke at a steel mill in illinois yesterday. numbers will be announced tomorrow sometime. i do not know what they are but i think they will be terrific. we took over and it was heading lower, a lot lower and it was going to be there fast. a bloomberg survey says the economy rose 4.2% in the quarter. the options on brexit are shrinking for theresa may. rejectedean union has a key part of her proposal for a trade deal. now she has just 12 weeks to go before the divorce deal is supposed to be signed. the uk's chief negotiator they stay inside the eu's customs union that would enrage may supporters. the central bank has again offered to buy a

i am taylor riggs.loomberg. francine: thank you so much. theresa may is facing a battle, which threatens to throw brexit talks into disarray. the prime minister is hoping to finalize their blueprint on future ties with the eu during a meeting with cap members today. a group of seven rebels have been plotting against her plans. herro ofs is david harris associates. bring us up to grade. is this crunch time? >> it has been called the body bag summit an expectation that some of the cabinet members are going to fall on their swords because they are so outraged by mrs. may's softer brexit plans. it is crunch time. they really does have to be some sort of decision made today. they do have to agree or coalesce around a vision of britain's relationship with europe after brexit. we are seeing some of these more brexit linning cabinet members membersng cabinet plotting on what they can do to stop plans. david cameron has talked boris johnson off the ledge apparently about resigning and telling them all to rally a

m taylor riggs.k you so much. let's do equities, bonds, commodities. it's a quiet day. the curve is steepening. the euro is strengthening, that's an underlying theme. we will talk about this in a moment with oil getting a lift. the vix was 17 showing the better equity markets. there 111.out we are very much in the news, the weaker chinese currency. that has been tangible. asia, dxy is at a number we normally show. this is the dollar index for asia. we will show that chart here in a moment. what you have this morning? guy: i think you're right about was happening with the chinese currency. they are trying to stabilize it. the turkish lira is very much on the move. there is an upside on cbi's. it was the ppi number the caught my eye. both of those numbers will put pressure on president erdogan. european stocks rally up a little bit this morning. china rallied into the close. is half turkish lira way back from the weakness we saw a number of weeks ago before the election. this is asia dxy. we say good m

i am taylor riggs.omberg. tom, francine. francine: thank you so much. bank of england rate increase looks almost certain, even as doubt over the economy lingers. investors are betting there is a 90% chance of a quarter-point hike on thursday, which would only be the second increase since the financial crisis. ons is despite brexit rang -- weighing on british growth. paul, when you look at some of the concerns, there seems to be a consensus that because the boe did not hike in may, they will hike thursday. are they right to do so, or should they just worry about the power level? >> i think they are right to raise rates. the british economy is not lagging behind its peers. it is ahead of europe in the economic cycle. the recovery began earlier. the labor markets improved earlier. you now have the normal process possibly exaggerated by brexit of coming back down to normal levels of growth. the bank of england is saying we have a normal cycle going on, normal levels of employment and the economy, seeing wag

i am taylor riggs. this is bloomberg.d day. equities don't show us much. weaker within that tight range. then it gets interesting. next screen. , 12.37, still buoyant. 30 year bond back to 3%. gold down $11. commodities ugly to say the least. nejra: absolutely. ist has been interesting that gold has not always performed like that safe haven asset. the stoxx 600 struggling. dollar strength is a lot of the story, but cable extending losses following softer retail sales data. you have the onshore yuan weakening pass to 6.8 for the first time in the session. tom: thank you so much. you 8, 9, 10 snapshots of the last 48 hours. i think we have excellent people in the agencies. when they tell me something, it means a lot. yesterday's phrase was double negative. the word of the day is confusion. we go with confusion to kevin cirilli home in washington. doing? general mattis that lead to know what happened in a one-on-one. how does general mattis learn what trump gave away? at 11:30 today, president trump freeseas his daily -- rec

i'm taylor riggs. this is bloomberg.o a data a major move off the tariff news last night. that was broken by bloomberg. -21.es it was much worse in the early asian hours. euro still strong with currency dynamics. the idea of the equity market is still resilient. , nowre at a 12 on the vix 13.84. lira to new weakness. francine: i like your data check. we are seeing stocks sink across the board as you could argue that trump is reloading the tariff bazooka. preparing for another escalation of the burgeoning trade war between the u.s. and china. i am looking at the european stocks down 1%. euro dollar can see at 1.17. tom: this is important. the new cycle is extraordinarily rapid. we have the tariff news last night and just in this early london morning we have news from brussels. let's listen to the head of nato and the president of united states. together when be a country is getting its energy from a person you want protection against? >> because when we stand together and also in dealing with russia, we are stronger. >> y

here's taylor riggs.ook shares have slumped in extended trading after the social network reported second-quarter sales that fell short of analyst rejection -- projections. >> this is a critical year for facebook. we have made progress preventing abuse, forged ahead with new innovation, and are adapting our services to the new trends, messaging, stories, and groups. taylor: shall has finally given investors the share buybacks they have been demanding. the energy producers says they are starting their share purchase program, buying up to $2 billion of stock in three months. it was not all good news, as their net income fell short of even the lowest analyst estimates. commitment to divest a $30 billion worth of assets. to pay down debt, but importantly, to upgrade our asset portfolio. we are essentially done. putting the finishing touches on it, but we will deliver by the end of this year. taylor: that is your bloomberg business flash. nejra: thank you so much, taylor. let's check in on the market. seen some

taylor riggs got a different way to illustrate what was going on in 22 countries.lor: the bloomberg terminal tells an interesting story. we are talking about russia and the united states. yieldted in blue the u.s. curve and the russia yield curve in white. that is the difference between the ten-year yield and two-year yield. in blue, you have the u.s. yield curve. that has been flattening. the fed has been raising rates on the short-term because the economy is doing so well. yield. in the white, you have the russia yield curve. we spoke with our chief economist. he says, this really has to do a lot with the trade tariffs and the weak credit profile of russia. divergence is the name of the game at a time when so many people are talking about convergence. up next, the lonely death industry. the little-known ceo in charge of the future of hewlett-packard enterprises. ♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. carol: i am carol massar. you can listen to us on sirius satellite radio and in boston, washington, dc, and in the bay area. jason: and

i have taylor riggs. francine: thank you so much.y are trading higher after earnings and more positive picture of the outlook. that's despite the second quarter that missed lowest analyst estimates. billion,n at 2.7 one shy of the forecast. they also said it's improving programs and expect to reach targets for the year. joining us now on the phone is the chief executive. thank you so much for joining us. somengs missed estimates, segments were stronger and the outlook is positive. you forecast the economy and what impact that will have. say leading up to the was impacted by several factors. was in brazil and with 50% capacity. if you look at the underlying situation in the market, it looks quite positive with good demand. more positive a situation. they are expecting the deficit this year. given the rise in your shares today, they are up a lot more than was expected when we had the earnings out, argue relieved that the market, even though we had a lot of headwinds, they are relieved about the future looks like? >> that could be one e

in new york city, here's taylor riggs.dent trump is under pressure from american lawmakers to confront vladimir putin at today's meeting in helsinki. the event takes place three days after a grand jury indictment of a dozen russian intelligence officers over meddling in the 2016 election. president trump told cbs news he may ask putin to extradite the agents to the u.s. the leaders will meet one-on-one with only the translators in attendance. the trumppredicts administration will reach agreements on trade before congressional elections in november. the bank called u.s. trade actions "brutal" and said they have punctured trust built up over decades. still, citi expects trade deals to be complete in the next few months, good for commodities such as soybeans and copper. officials from the u.s. and north korea are meeting to discuss the return of remains of american soldiers killed in the korean war. the u.s. called the talks "productive." northntagon estimates remainsill holds the from the war that ended back in 1953. there's

here's taylor riggs.rmakers are making the case against tariffs on the trump and -- tariffs by the trump administration. they argued that imposing tariffs on imported cars will cause irreparable damage to global business. british prime minister theresa may is trying to keep her divided cabinet together and unblock the stalled brexit talks. she is proposing a compromise plan for a trade deal with the european union. ay's goal is to bridge the divide between leaders in her party. mentioned, the new populist government in italy wants to show financial markets it is not backing away from its agenda. finance minister tells bloomberg's first budget will tackle tax cuts and universal basic income. italian bond markets were initially rocked when the populist coalition took power. special counsel robert mueller is getting reinforcements to expand his investigation into russian election meddling. bloomberg has learned that mueller is making more use of career prosecutors from the justice department, as well as fbi

. >> is it one of the riggs now? >> no, this happened earlier. >> hayes white said she wants to see the body. >> is she crushed? >> her head, like someone dropped a pumpkin. >> hayes white orders the riggs to remain in place so the investigation can begin. >> a lot of the plane was on fire. >> yet at news conferences that same day? >> our crews made valiant efforts, were on the plane. >> and the next day she doesn't mention the terrible accident. >> it was a well coordinated effort. training totally pays off. >> in fact, hayes white takes it a step further. >> everything worked as best as it possibly could yesterday. >> everything worked as best as it possibly could have? was that accurate from what you knew? >> from what i knew, yes, it was. >> i questioned chief hayes white before a fire commission meeting last week and she defended not telling the public the whole story. >> so a fire truck running over a passenger is the best you could do? >> that was not confirmed at that time. it was -- >> your own men told you

i'm taylor riggs. and i'm scarlet fu.rade and the supreme court comes as president trump heads to europe next week. remedies defense minister spoke to bloomberg and an exclusive interview and talked about the upcoming nato summit, as well as germany's dance on trade. >> we have the question, who is contributing what? are imported to nato, of course. if you look there at the facts, germany is the second-largest troop contributor to nato in afghanistan as well. or, for example, the second-largest net payers. i think you have to have a balanced look over who is doing what, who is investing what, and in the very end, in this summit, it is about unity. we are defending the same values. we are sitting on the same side of the table and it is about resolved. we are determined to strengthen the alliance. was your initial reaction to that trump letter to the chancellor? the letter, it was a letter we expected because as i said, we have set since we decided on it with president obama. so we are on a good way and i think it is import

jason: we talked with taylor riggs. peter: he is making changes that are likely to endure for a couple of reasons. one is, a lot of international commerce has to do with trust. it is not just the words that are in the trade treaties. or the phrasing in the wto. it is the sense that countries have that open borders, and free trading is good from both sides. if that trust goes away, you feel like the other party is trying to hurt you, and it can cause a corrosive damage that is not reversed easily. and then you have the fact we are entering the era of nationalism, which started before trump came into office. we see it in brexit, for example, the italian elections, all around the world. trump is rolling a boulder downhill. it is quite easy to do. pushing that boulder back up the hill toward a more globalist world, much harder. taylor: it is interesting you use that because we talk a lot about tailwinds and headwinds. when trump was elected, there was excitement about deregulation and tax reform. some of the headwinds were

i am taylor riggs. this is bloomberg. tom: thank you so much.rned, our travels, francine lacqua and myself, is to look t out 1-2 years. during stable times, maybe we looked out a decade. what bill gross would call financial repression. retirees are getting killed on an inflation-adjusted basis. a decade-long? >> i think so. global interest rates are so low, this whole idea of diversions. tom: what you mean by diversions? >>>> european inflation is not picking up. the dual mandate has been reached, but can the u.s. grow by itself? that is why the dollar is strengthening. that is why it is hard for the at. to rise significantly the german ten-year is a 35 basis points. i think that is something the global rates market struggle with. coordinated global growth, inflation, and also troubling's can normalize, i don't think you get the u.s. interest rate significantly higher from here. nejra: is that the reason the 10 year yield has been in such a rage? or is it about the push and pull on one hand and the fear of trade on the other? >> i think the fed

i am taylor riggs. this is bloomberg. meanwhile, euro risk rages on. bonds of a selloff after a rift between the government and the finance minister. he may be forced to step down. now, there is a selloff in the market. they say it is pure invention. >> you can see how sensitive the market is to these things. the reports this morning were quite clear. there was tension between the finance minister and the two deputy premiers. this rattles the market. caroline: in terms of whether or not there is a risk, reminds us why this is important to the market, that the finance minister remain in place. he is a voice of reason. kevin: that's true. some people call him the grown-up in the room. he notes how much money the government can spend. he is an academic who will try to enforce everything. the people around him may have different ideas. caroline: what is the rift about? he wants something the five-star movement doesn't want. kevin: he wants to live within his means. he said they will go forward with the flat tax and the income support for the poor. it's a m

joining us now is taylor riggs.all chipmakers, are more nervous about what this means as they try to digest will there be chair -- ch overall it is a bullish outlook, but one analyst says it gives us a pause, some caution, and that if there is an escalation into trade fights or if there is concern about stealing u.s. technology, you could potentially see some issues. 51% ofo -- macron gets their sales from china, so dealing with china is something they have to do. yearestingly enough, this has been incredible. year to date of a macron chart, they are up double digits, they'd keep pumping out record profits. last year they had banned some sales of macron chips. defendedme out and their stock and reaffirm their four-year guidance. it is only going to affect 1% of our profit. chip -- these memory chips, it is supply and demand. vonnie: we are heading into earnings season and what looks to be a good earnings season for them. taylor: incredible. ones thatchart of the are expected to outperform this year. are above 22%. t

taylor riggs is here.wanted to take a bigger look at what is going on in the agricultural sector. taylor: i am your girl. we are coming into the bloomberg. carol, this is such a lousy time for a trade war. even before the tariffs were announced, you have the agricultural industry really in a slump, with prices falling and supply rising. i charted and blue the u.s. net farm income, now down to below $60 billion. in white, the bloomberg agricultural sub index, now down to near decades low, almost a record low. as you can see even before these , trade tariffs started to heat up, a really tough time for the farmers. carroll: i always think it is smart to get a longer term. taylor riggs, thank you. spacet, we go to a state the physics phenomenon that will , keep a moon gateway aloft. , jeff move over elon musk bezos has his own plans for space. carol: this is "bloomberg businessweek." ♪ two, down and back up. our phones are more than just phones. they are pocket sized personal trainers... last minute gift finde

bloomberg surveillance, i'm taylor riggs. attorney in st.on & johnson to pay $4.7 billion to women who claimed the company's health products cause them to develop ovarian cancer. the company says it will appeal. walmart is considering major change in its credit card business. the world's largest retailer may move its partnership from synchrony to capital one. negotiations are still going on. private-label credit cards are a growing business who want to monetize the cardholders loyalty to a store brand. with moneyms laundering. criminalas filed a complaint against the banks in danish authorities. bank has apologized publicly. that's your bloomberg business flash. tom: thank you so much. there is so much to talk about. so much to speak of. , this is the prime minister of the united kingdom and the president of the united states. it's a photographic moment. these are not live pictures that we have a live feed coming in and sometimes it's delayed. the two world leaders are in along fine. we heard from president trump as he arrived and spoke to r

joining us now with more is taylor riggs.of the weakness we see in the share prices is that they said they would have to increase incentives. and the stronger dollar is creating headwind on this transaction going abroad. overall, the earnings report was positive. if we take a look when it comes to credit card growth, we have a chart here for showing credit card growth. customers feel good about taking on credit card growth. the volume is now raising by 12%. 2017-2second quarter of thousand 18, we started to see higher volume. that was good for growth. so fuel and debt fueled the stock today. vonnie: what about overseas growth? taylor: they are making a big push into europe. i merrily a region based on that the cards. they did complete the acquisition of europe two years ago so they are finally starting to see the synergy and the cost cuts are coming to fruition and going forward they are making sure they get into the credit card push and not just a debit card push will be a priority. vonnie: thanks to taylor riggs for the sto

q to tell us more is taylor riggs.r: strong results really across the board, showing they can shrug off some regulatory concern that investors are worried about them particular, they came from the avenue revenue perspective here we have a chart showing had revenue at $28 billion for the second quarter. it was the most i could find going back on the bloomberg for a really long time. showing again even as amazon and other come they start to increase as revenue businesses, alphabet continuing to push ahead. if you want to come into my terminal, it is all about the look atap and take a what the shares say. number two as well versus amazon in yellow. apple is still the leader. some of this comes from the cost. revenue increases, they are keeping the cost in lineapple i. costs, keeping that it 23% of revenue to kimberly when it comes to traffic acquisitionso investorss that even as revenue is an recent, the gross margins are holding as well. lot. billion sounds a alphabet, i mean, it is just a drop in the ocean or will they

and unfortunately diego riggs it hasn't left over those they believe so it's clear that with the chaos going on inside the government here in london as well as lots of questions yet still to be addressed about that not a chalk saga with these two massive stories that have really been gripping attention here in the u.k. well lots of attention will now be paid to what happens next and whether or not the british government is going to be able to solve these problems taking place on its soil you know virtual sound good only the headlines because it they are part of an overarching campaign to demonize russia or to create russia as the center of all evil of our country and government that is into term expansionist these are completely pieces baseless allegations this breaks a crisis as consumes to do this political class it's the greatest political crisis it does and has found itself in ghost in since the second world war unless it's a race that soon it's going to morph into an economic crisis a challenge to teresa neves leadership in the coming days and weeks i hate. tensions between europe

relations and at the still the far from being solved with or without mr davies and unfortunately diego riggs it hasn't left together those they believe so it's clear that with the chaos going on inside the government here in london as well as lots of questions yet still to be addressed about the novel charge saga with these two massive stories that have really been gripping attention here in the u.k. lots of attention will now be paid to what happens next and whether or not the british government is going to be able to solve these problems taking place on its soil sango dominique headlines because they are part of an overarching campaign to demonize russia or to create russia as this double eagle of our country and a government that is into stanchest these are completely pieces baseless allegations this breaks a crisis as consumes delish political class its egregious political crisis in britain has found itself in ghost and since the second world war unless it's arrested soon it's going to morph into an economic crisis a challenge to teresa neves leadership in the coming days and weeks. tens

taylor: i am taylor riggs. to "bloomberg markets." ♪ we are live in bloomberg world headquarters in new york over the next hour. here are top stories from bloomberg and around the world. set to impose duties on 30 or billion dollars of trading imports at midnight tonight. how are they cope with a mounting world economies? what they mean for the manufacturing abroad and its closest rival? publicf companies making diversity pledges and empty promises. announcements and numbers are coming up. we are one hour from the close of trading. abigail doolittle, i look at this and i inc., what concerns? >> at one point, we went down toward the lows of one point -- on confirmation they will be putting tariffs on 34 billion dollars of chinese goods. to scarlet's point, you're on pace for the best of major averages at the beginning of june and the nasdaq is up about 1%. highs aftersession fed minutes. .ook at the index up 2.3% you would not be surprised to know when you look considering outperformance, up 1.3%. these sectors

joining us with more is taylor riggs. wow. facing some significant headwinds because of significant operations in canada and importing materials, like that $15 million hit that went into effect june 1. alcoa did also cut their full-year adjustment and issued a guidance in part because of this. now down to about $3.1 billion to the whole year, about $500 million lower than the previous forecast. the company did say the supply chain continues to face insurgencies because of these tariffs as well. some aluminum supply disruptions. but if there is a but here, not all analyst think it is as bad as the share price today is making it look. we heard from a few analysts, morgan stanley said the downside risk is limited really because they are looking at a potential dividend. goldman sachs saying the same thing, they are looking for a share buyback. saying own b.i. analysts the second half would be better than the first half, so maybe some good news. and it was pointed out earlier -- it was pointed out earlier that all companies have ta

niskanen first word news with taylor riggs.lian bonds have fallen amidst concerns that the may be forceder to step down. short and i italian bonds, which border most of the brunt of political uncertainty, leading decline. it was reported the country's populist leaders were united against the minister over nominations for the leadership of the state lenders. and china, the central bank has weakened its rate by the most in two years. by 9/10 of 1%nd to 6.7671 per dollar. authorities are sanctioning the losses by not intervening and have helped make the yuan the worst performer amongst more than 30 major currencies in the past month. the indian prime minister faces a no-confidence vote in parliament later today. the key test of modi's alliance is the first such challenge for any administration in 15 years. while the ruling coalition is expected to easily defeat the motion, the outcome will reveal which group has been more successful at polling smaller and nonaligned parties into the fold. global news, 24 hours a day. powered by mo

here is the first word news with taylor riggs.r try to head off a trade war when he meets with the trump today. he wants to persuade the president to not raise tariffs on european car imports. president trump is proposing that all sides remain all -- all sides get rid of all tariffs, their ears, and subsidies -- their readers, and subsidies -- subsidies.nd some farm state republican lawmakers are opposed. deutsche bank is starting to see results from the new ceo's turnaround plan. overall revenue at germany's largest lender stabilized in the seconds quarter while cost felt. -- fell. there is uncertainty over the impact of brexit. >> deutsche bank will remain obviously in london. we will have a material location. there will be certain services which we will move over to frankfurt, but that also depends on the final negotiation, and hence, we are observing closely, then we will take action. taylor: a top bank of england --. we have had -- for some time now, 5000-10,000 jobs. a relatively small move on day one. i think it will be on

let's go to taylor riggs. >> u.k.me minister, plunged into a major crisis, after key members of her government resigned in protest. david davis, and his key assistant resigned in a 24 hour period. despite the resignations of senior administers, most conservatives appear content woulder proposal that keep britain close to the european union on trade and regulations. to the opposition party to help get her plan through parliament. conservatives are considering a move that could bring down the minority government later this year. exiteers that want a more decisive split have only one choice left, vote down an agreement in parliament. that is your look at brexit. francine: the brexit division there willde plans -- be a comprehensive report that is published later today. the service sector accounts for 80% of the economy. cost freeit will trade with the european union. there is on answer questions on everything from the irish border to the role of european justice. lawmakers are deciding the basis for negotiations with bru

fergal: just a year ago they sham, a democracy was a rigg exercise to keep a tyra in power. today felt like something very different. african laughter and the high hopes of long-suffering people. >> i would like to be employed. i would like clinics for medicine. i would like people to go to school. more schools, more clinics, more jobs for eve >> this day i'm very hopeful for abw new zimand very happy that i'm able to make a change . my decision is being considered for a better zimbabwe. i'm happy and hopeful. fergal: it was peaceful across zimbabwe. in the rural areas. and in midlands province, where the man who overthrew the old regime cast his vote. once an enforcer for robert mugabe, he is gambling voters will thank him for bringing change. idprt mnangagwa: i'm happy that the process for campaigning was beautiful. what's happening today is peaceful. i'm confident the entire electoral process will remain peaceful. fergal: in the, harare, stronghold of the opposition movement for democratic change, its young leader arrived at a local school to vote. he has campaigned energ

taylor: i'm taylor riggs. scarlet: i'm scarlet fu. joe: i'm joe weisenthal. if you are tuning in on twitter, welcome to our closing bell coverage every week from 4:00 p.m. until 5:00 p.m. eastern. scarlet: we begin with our market minutes. we were talking about how stocks started the day in the red, following losses in europe and asia. since then it has been a recovery, and in the final hour we saw equity indexes zoom higher. the numbers are not large, 229 points for the dow, but it is notable that there is so much concern from earlier the risk of sense, and it has turned around. joe: they are not worried about the trade wars, after all. scarlet: you are looking at this earlier, the volumes not particularly heavy. how they shortened the trading week, so cannot read too much into it. taylor: volume off about 20%. scarlet: yes, let's take a look at individual names. we are keeping an eye on technology, given news out of dell. the largest biggest private tech company now announcing plans to publicly traded again, reemerging five years after its lbo as a more div

nothing to do with his representation of the president but but in recognition of the fact i thought tom riggs was hell of a secretary and ourown governor in pennsylvania to boot . writing a column i learned is more difficult than you might think when you spend a couple minutes quickly reading the end product. my work on radio and television tends to be more free-flowing, organic, extemporaneous but writing a column has forced me to be more deliberative and in reflecting on 15 years worth of columns, here's what i've come to recognize. i have been right, i have been wrong, mostly i have been fortunate and some of things i've nailed it. i wanted us to invade the sovereignty of pakistan long before we knew bin laden was hiding there. i called duke from the get-go. in 2012 i wrote chris christie better run for president quickly or he will flame out and that was before bridging . there's been plenty i've gotten wrong. i once entertained a conspiracy theory about the bombing of the morrow building in new york city. i was convinced they had support from the iraqis. my first reaction to the citizens

i am taylor riggs. this is bloomberg.w what theresa may remind me of, it is like the voice of the teacher in charlie brown? amazing. is this irish issue has been such a major sticking point. the irish prime minister was over in the united states in the case. it is a very big sticking point. alix: in the markets you got metal streaming losses. concerns over the man headwinds and -- over demand headwinds in china. joining me now is tina davis. tina, good to see you. we have more headlines on trade. tina: when you talk about the rising dollar, you cannot always have a rising dollar and rising commodity prices people we have seen that throughout history. if you see little bit of weakness in the dollar, you see a little bit of recovery. we are seeing a little bit of a comeback and what has been a rather missable quarter for metals. that's rather miserable quarter for metals. can we call it enough? back.volatility has come kind of a cross commodities wears equities markets have been relatively calm. commodities are the exact op

joining us now, taylor riggs. what is amazing, it is no longer just suit.we have a pie chart showing where they get their revenue. what if i percent comes from suit. a lot of it is premade meals. i think this stems from low rates. if you can't grow organically, they have been growing through acquisitions. you have this big company that isn't just suit any more. that leads us to today. there was a report that we have not verified independently but some reports we are reading out there say they are interested in a sale of the company, talking to the campbell soup emily members that own 41% of the stake. other shareholders to look at a deal. he may go public with the information in august to urge the board to show more urgency and wants to drop the other alternatives and focus on a sale. the company came out in may and talked about doing this strategic review. he said let's just focus on a sale according to reports. a lot of moving parts. scarlet: let's focus on the plan at hand. very busy.viously he urges nestlÉ to break up. talk about that. >> he is not taki

riggs is here.lor we wanted to take a bigger look at what is going on in the agricultural sector.a carol, this is lousy time for a trade war. you have the agricultural industry really in a slump, with prices falling and supply rising. in blue, the u.s. net farm income, now down to below $60 billion. in white, the bloomberg agricultural sub index, now down to almost a record low. even before these trade tariffs started to heat up, a really tough time for the farmers. you.: thank up next, the physics phenomenon that will keep a moon gateway aloft. jason: and jeff bezos with his own plans for space. been: this is ♪ jason: welcome back to "bloomberg businessweek." deep dive into the final frontier economy. jason: we are talking about medical breakthroughs happening in space. carol: balloons in the stratosphere -- >> and going to russia to look at space junk. carol: first, we start with peter, who has interviewed a world leading expert on unconventional bull -- unconventional orbit. jason: there may be a new way to travel in space. orbitsecialist in exotic -- it is a barrow -- very nar

carol: taylor riggs is here.nted to take a bigger look at what is going on in the agricultural sector. taylor: carol, this is such a lousy time for a trade war. you have the agricultural industry really in a slump, with prices falling and supply rising. in blue, the u.s. net farm income, now down to below $60 billion. in white, the bloomberg agricultural sub index, now down to almost a record low. even before these trade tariffs started to heat up, a really tough time for the farmers. carol: thank you. up next, the physics phenomenon that will keep a moon gateway aloft. jason: and jeff bezos with his own plans for space. carol: this is "bloomberg businessweek." ♪ phones have made our lives effortless. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your inte

here to take us through tech's correction is taylor riggs.re looking at what could be the fourth straight day of losses in the faang index. you had a 9% drop. a lot of this coming from facebook and netflix. a lot of people say sentiment went too far, too fast. bank of america shorting some of the stocks. take a look at what that is doing to some of the etf flows as a measure of sentiment. we actually have some positive flows around google because earnings were better than expected on the 23rd and 26th. on the 27th, you had investors pull out about $144 million. invesco q2 qt the index has a quarter of its holdings in the faang index -- qqq index has a quarter of its holdings in the faang index. tina martin adams said that facebook and netflix were sort of the -- gina martin adams said that facebook and netflix were sort of the keys. -- the investment community really messed in terms of advertising growth and they thought that maybe it would be infinite but that is only half of the story, that the rest of it has not played out yet. there has b

alix: thank you very much, taylor riggs. -- that is theis numbers.rop is still going to be like is this the high watermark? what about trade, that stronger dollar, what are we going to see in the next year? >> i think the stronger dollar is the real key. that is a sure sign of risk on, risk off if the dollar is actually strengthening, so that is the backdrop and there is a lot of discussion around trade and concerns around trade have pushed the dollar higher. is ultimately going to be stronger for the dollar so it is a real balancing acts -- balancing act but i do think in the second half, we're going to get better growth in the first half and for the first half of the year, we were very helpful and -- very hopeful. now we know how the table is set and we know trade is an issue and a lot of things have been put in the price. some assets have sold off in the dollar is one of those but it actually rallied and that -- that has caused selloffs in emerging markets. it is important to follow. david: go back to the second half and take a longer-range view b

time, here is bloomberg's taylor riggs.lo, heade is rj of the municipal bond investment group that federated investors. thanks for joining me. we haven't heard a whole lot from amazon about the location of the second headquarters since they narrowed down their list to a final 20. i wonder as we head into the second half of this year what is your credit analysis show you about what cities are poised to benefit and when we might hear? >> thanks for having me back. a good question. 20. city is on the list of it's abundantly clear that huge regional economic opportunity for pittsburgh and the others on .he list amazon tells us its 50,000 jobs, there was a study done by the state of maryland suggesting exactly twice that when you consider the regional economic will wires. undeniably this is an opportunity for the 20 cities, it's a bit of a horse race and are rumors out there. they're trying to expect where if it doestely happen here or ends up in northern virginia. trying toal officials draw hq to will be very happy with her inv