here is rosalind chin.alind: volkswagen will face investors in its first meeting since the emissions scandal though. a lawsuit filed in germany this week on the half of a california pension fund and other investor losses. share prices down almost 24% since admitting to cheating on emissions test last september. hong kong's richest man has told bloomberg that corporate taxes should be raised to help tackle wealth inequality. he says a height of 2% can be used to help the poor, although he opposes higher taxes on individuals. seven out of 13 economists say they bloomberg know the central bank governor of india. he is currently the divisor of the finest. he is considered to be on the dovish side of the policy spectrum. current r.b.i. governor will step down in september. and the bill, hillary, and chelsea clinton foundation was among the organizations breached by suspected russian hackers, according to three people familiar with the matter. the attack on the network, as well as those of the democratic party, a

here is rosalind chin.osalind: coordinate attacks at the istanbul airport have killed at least 36 people. the countries prime minister has said the islamic state is like to be responsible for the killing. the attacks, which also injured about 150 people, went in rapid succession at the airport around 10 p.m. local time. european union leaders have told britain there is no turning back after the country voted to leave the the bloc. angela merkel says there is no time for wishful thinking, but rather to grasp reality. our comments came as david cameron used his last eu summit to express disappointment over his failure to win the referendum that he call. prime minister cameron: it was one of regret. our partners in the european union are genuinely sad that we are turning to leave this organization, and that was very much the tone of the discussions at the dinner tonight. rosalind: in the run-up to the eu referendum, bank of england governor mark carney warned that a vote for brexit would trigger a recession. n

usa: rosalind chin joining from hong kong.ext guest went from being the longest serving chief of and his companynasa launches today after 10 years in stealth development -- the longest-serving chief of nasa. are us a bit about what you launching today, a neural computing technology come at a. >> we intend to transform how people interact with technology not just with voice but a new generation of computer chips that will power everything. it will allow us to do things we dream of.even individuals in their homes that business will be able to do things and we will empower a whole new generation. your own a service spot? manus: this conjures the images movie "i,d of the robot." take me through this evolution journey in terms of the capital that you've raised in where you are now. how can this interactive my life right now daniel: had $20 million worth of sales. we wanted to get all of the bugs out and get it right so when we launch our first products for voice and computation we have new silica and. our christmas present was new

rosalind: they are not.he s&p global ratings cut the and credit by two levels, another by one, both of those have negative outlooks on the u.k. the s&p global ratings chief explains why they made that move. the main reason is out of the reassessment of the institutions and addictive ability and effectiveness of governance in the united kingdom. we have a negative outlook continued on the rating, because the risks continue beyond what we have seen. rosalind: he also said we do not think the institutional strength of the u.k. is what we have been seeing so far. the negative outlook looks at risk to economic prospects, and the pound, and the risk of a possible breakup of the u.k., if scotland calls another independence referendum, which could be possible. andheightened uncertainty diminished confidence, lower spending, weaker growth, and the predictability of policy and effectiveness of policymaker could be -- policymaking could be diminished. cut byt g7 country to be a credit rating was italy in 2012. that was

in hong kong is where we find rosalind with the business flash. the rigging of the diesel ignition tests. it jumped more than $15 billion. the figure is $5 billion more than previously reported and more than any u.s. civil settlement. the move would bring vw closer to the 17.8 billion it set aside to cover the cost. new ceo.s named a theands the reigns to world's biggest food maker for the first time in nearly a century to an outsider. it will start the ceo at the start of next year. japan's most popular messaging service what could be the biggest tech ipo of the year. line did not set the price yesterday. it is seeking to raise at least $1 billion and aims to set a final price on july 11. the best performing hedge funds following britain's decision to leave the eu was given by computers. the asset management group uses mathematical models to find out what to buy itself. trillions were wiped off. inbal values left it paralysis. that is your bloomberg business flash. anna: thank you very much. u.k. banking stocks have posted the biggest two-day dec

rosalind 10 with us.sachs has announced another layoff, they are cutting jobs in new york, teddy -- cutting up to 250 this year. they say it is because of a chinese lung. they have cut division across several areas this year. and the world's biggest utility is in south america, and sources telling bloomberg that -- will be buying a stake in brazil. they are looking to buy the debt owned by -- it could be valued at about $1.5 billion. outgoing governor -- says that they owned banks are to blame for the slowdown in credit growth, not high interest rate. defending his record, he called for improved government. his departure has spurred rumors that the processing -- more than $100 billion of assets by next month. loans are at a 15 year high. and global news, 24 hours a day, powered by more than 2600 journalists in more than 120 countries. ♪ manus: thank you. one of africa's biggest energy developers has raised $180 million to expand. and we may see renewable power, where the use the money to finance a venture

rosalind: that was a look at some of the stories making headlines.'s get more live with grace in tokyo. grace, netflix entered japan last year. how is its development there? grace: you know, japan is a special market. on the one hand, it has some great net worth for streaming video. on the other hand, viewers here, customers don't have the custom dvds anding videos. package videos, rentals are still popular in japan. so, the problem for net x coming here first is the expansion of life streaming videos. developing have been in a stellar fashion in japan, such as with their mobile partner, softbank, and we mentioned in their interview that softbank has been able to sort of kind of persuade their withmers in the shops streaming video and adding custom to them. they have also partnered with powerful tv stations, such as fuji television, to make original content. latest one is from a very popular japanese novel, an award-winning novel that clicks s to.ased the right onlyshow is attracting not but alsorom japan, those outside japan, which is kind of intere

i am rosalind chin. this is bloomberg.shaad: a subtle change but nose of the rate hike is been pushed future -- more into the future. what did she not say here? bethe rhetoric that it will -- change slowly. she changed from when to weather. that is what she said. mr. ellen kullman that will allow us to keep the monetary support to economic growth in place. while we assess whether growth is returning to a moderate pace, whether the labor market will strengthen further and whether inflation will continue to make address toward our 2% objective. next very different to what she said six days ago. you can say that the fed is starting to slowly change their tune. to larryng her closer summers. he has got that so-called secular stagnation view on the u.s. economy. she mentioned several threats in terms of growth. the brands it threat, it could have a significant impact on global market sentiment and she mentioned china's well. the change in her tune putting her closer to the other fed people as well. a shot: many are suggesting m

here is rosalind chin.icials reserve have conducted annual stress tests that proved to rigorous for subsidiaries of deutsche bank. got morgan stanley conditional permission to boost its dividend 33%. u.k. home secretary and former mayor of london will today make their pitches to succeed david cameron is conservative party leader. the bank of england governor mark carney is setting up to face the brexit crisis. he will speak to the media in a message of reassurance that cap stays up market turmoil and political carnage. six -- overseas bank says it will temporarily halt property purchases in london due to the uncertainty caused by the brexit vote. he said that monitoring the .nvironment closely global news 24 hours a day powered by more than 2600 journalists in more than 140 countries. find more stories on bloomberg. the international technology conference takes place in paris where were asking business leaders what impact brexit will have on europe's take industry. our guest has a lot to say on the subject.

eastern market and minnesota avenue, eastern market and benning road and arlington cemetery and rosalind. there will be bus service between the closed stations butter riders are strongly encouraged to find alternatives mend such as metro bus or car pooling. we posted more details about the metro repair plan on fox5dc.com jostle? >> historic covered bridge in frederick county needs major your repair work tonight. a man drove a truck that was too tall right through it. several witnesses followed him and it was all caught on fox 5 lauren demarco has the story u its this is a historic bridge. its been standsing here since queen 56. one of only eight remaining covered bridges in the stated of maryland. it is just been repaired after being hit last may s when witnesses saw it struck again, they decided to take action. >> just got hit the bridge the truck. >> reporter: that's jim wolf, talking to a 911 dispatcher, his son was reporting the whole thing on his cell phone. they witnessed the enterprise box truck hit the bridge and keep going. so they and at least two other vehicles followed. >> he

here's a rosalind chin. fbi says the gunman who killed 50 people in a spoken nightclub has about the islamic state a 911 call for the massacre. omar mateen was killed in a shootout with police. he was born in new york to afghan parents. it is the worst mass shooting in u.s. history. president obama says it is a neck of hate that should be investigated as an act of terrorism. british concert -- include the u.s. government. symantec is prevented by the private security company for about $4.65 billion. [indiscernible] $150 million a year. the ceo will take over the combined corporation after the deal is done, probably in the third quarter of this year. walmart is reporting the ready to name the ceo of the supermarket chain. the announcement about shot clock's numeral could be based this week -- about sean clark's iran saysould be -- the oil contracts still need provisions but it is confident the deal will be signed soon. the country is hoping the new contract will draw as much as one of $250 billion from millio

here is rosalind chin.en filed against the vote leave suit after nissan's logos was used. and remain campaigns have tried to claim the support of business and in vectors. uber has launched a program in vietnam to help drivers move from motorcycles to cars. capitalrking with viet to help people trade up. the program has been running for three months and will be rolled out in other southeast asian nations. started a leasing program with toyota with leases paid out of fares. -- proposalsergers have been shot down in the wake of the orlando massacres. none reached the 60 vote threshold needed to go forward. some republicans say they are working to break a years long deadlock over gun legislation. global news, 24 hours a day, powered by journalists in 120 countries. why hong kong's richest man remains confident despite the slowdown. our exclusive interview is next. ♪ manus: welcome back to "bloomberg markets middle east." let's get you up to speed with the main stories making headlines. keeping a close eye on th

rosalind: it looks like a slow down at goldman sachs.s have been cut in the investment banking division. workerslosses affecting in hong kong, london, and new york, said to come on top of it annual cull of employees. it is trying to whether a slump in trading and deals. alibaba pay $74 a share to buy back to billion dollars of its own stock from softbank. it is embarking on an asset divestment plan. yesterday, it announced selling a $7.9 billion stake, reducing holdings to 28%. softbank will sell $400 million alibabas to the partnership, and 500 million dollars each to two investment firms. shares have dipped on news that australia's financial regulator will take court action over alleged manipulation. the third accused of trying to manipulate the benchmark lending rates. australia financial -- a planeeaper to import that import one locally due to tax policies and china. the man for private jets has dried up because of a lack of incentives. demand for private jets has dried up because of a lack of incentives. rishaad: japan has been infa

rosalind: they took up about 52%. we have china investment corp., $100 million.sting $30 million, according to bloomberg intelligence information. area forn attractive these companies, especially boeing. company airplanes to a like boc aviation, and if it does well, boeing will do well. some of the plus side for boc aviation include low interest costs, high-quality planes, but it does face a pretty high book thanlue of 1.7, well more others in the same industry. for example, assuming boc takes and if it's used to buy assets at no debt, then it is 1.1 times. rishaad: just checking in with some other stories. buying for microsoft. the deal is part of a broader agreement. office and microsoft skype will come preinstalled on devices made by xiaomi. softene is designed to expansion into other markets. teaming up to enter the connected car business, an suv that feature software developed with alibaba. will deliveredvrx5 tailored music suggestion and suggest alternate routes. slowdown in china, marriott international is pursuing a rapid expansion in the asia-pacific to

rosalind chin is standing by.uslan: a former boj executive said the bank should abandon its two-year timeframe for inflation in order to take more drastic action later. aggressivegaged in stimulus. japan remains far from the 2% target and the governor has said his aim is to meet that within two years. this has killed using expect patience before each meeting which usually ends with no change. the so-called brexit vote is looming. jpmorgan, lloyds and others are working on to monitor the market reaction and to handle requests as the need comes through. senior bankers have warned that a brexit could -- trading volumes [indiscernible] atomic watchdog has seen indications [indiscernible] satellite imagery seems to show new activity. north korea but the plan in 27 it2007 but began renovating three years ago. inspectors were kicked out in 2009. the agency did not say when the satellite images were taken. my 400 journalists and 150 bureaus around the world. this is bloomberg news. rish: matching speculation over the futu

rosalind: tencent is buying super cell, the biggest ever deal.would at some popular mobile titles to its collection. tencent reckons the deal will give it wider access to the wider global mobile gaming market and free up opportunities to collaborate with other developers. has created a consortium to take control of super cell, but it says it will complete the acquisition on its own, if necessary. bring togethero two of his companies and a $2.86 billion deal called an "no-brainer." elon musk is the largest shareholder of both companies, with 22% of solar city, and 21% of tesla. that works out to a premium of as much as 35% from tuesday's closing price. solar city rose 22% in after-hours trade, while tesla fell. seven out of 13 economist poll nextoomberg predicted the indian central bank governor. the current chief economic advisor. he is considered to be on the dovish side of the policy spectrum according to a note. the note also says less of a believer in fiscal orthodoxy. he has argued for monetary easing to boost growth. the current governor wi

rosalind: it does. , it isople in the u.k.ught britain would stay in the european union, but polls are starting to change that and has politicians in the remain cap struggling to turn around the campaign to stay within the european union. represents the mottled probability of a vote to leave. it takes the polling average with analysis of the key likely accuracy of paul's and data to project a probability distribution of outcomes, and it takes into account the changes in and the volatility of public opinion in the run-up. they have a particular focus on referendums relating to the eu. you will see that just a month before the actual vote, here we go, may 24, it hit an all-time low, where obviously at that time, most people polled, along with all the other factors they put into this index, they thought there were low chances of leaving the european union, but polls coming out over the weekend have jumped up and the likelihood of leaving suddenly soared. if we take a look also just for fun at one other thing, we can , oh, no, i w

and in virginia there are no trains from rosalind to arlington cemetery on the blue line.t officer goodson. he was the baltimore officer driving the police van when freddie gray suffered his fatal injuries. goodson elected for bench trial meaning the judge will decide you can get more news, traffic and weather updates on newschanel 8 right now. hope you have a great ♪ >>> can you imagine -- they would have dressed if they knew were here. they did. our ladies sneaking in as their fans are binge-watch the hit show. some fun, isn't it? >> i think we're fans, too, i'm so excited to speak with them. i got to go to litchfield last year. i had to don the orange suit. >>> but we got social supertalk kerby rosanes. he's been here working on a new creation all morning for us. so, kerby, started doing what you're doing. >> i started -- i started drawing professionally two years ago. yeah, and apparently the type of art i was doing was perfect for coloring box for grownups. yes, that's why i'm here. >> did you do all that this morning in. >> yes. >> just an hour. >> my notebooks in hi

rosalind chin is with us. is preparingantec to buy blue coat systems for $4.65 billion. the deal is expected to close around the third quarter of 2016. it comes with a new ceo, bluecoat's greg clark. symantec announced in april that ceo michael brown was stepping down as it reduced its sales and earnings forecasts. japan's favorite messaging app has pushed ahead with its ipo. cost it a pretty penny. the company is looking to raise about $1 billion. line's evaluation might be much lower than its rival as investors call on the tech sector. the final price will be set next month. chancellor angela merkel has called for foreign investors to have the same rights as local shareholders in china. meeting with lee could chain, she said the rule of law was crucial and important for relations between the countries. merkel said no one wanted a trade war between europe and china and germany support a stronger voice for china at the imf. president obama says the gunman who killed 50 people at a florida nightclub was filled with hatred and the massacre is being investigated as an act o

go to rosalind chin. >> clinton has secured enough delegates to secure the nomination. sanders has decided to stay in the race and force a contested convention. a former bank of japan executive says they should abandon the timeframe for action to avoid more drastic action later. had policies that defied common sense and they have a lot of explaining to do. a view of a post-oil future. they want to bring gdp from less than 8%. currenttripled from the figure. it is a goal that some consider to be unrealistic. three have been killed in floods. trapped in their cars in separate interest -- incidences. there was severe damage in any bank or hedge pollsho commissions these should seek a lawyer first. she says that the financial institutions that hope to gain surveys risk breaking the law. >> the global news is 24 hours a day and powered by our journalists from around the world. you can find more stories. >> thank you. let's stay with what is happening. we are standing by with the details. pacific. the asian >> we can thank jerry -- janet yellen. this is what you have. every s

i am rosalind chin. this is bloomberg.ousef: for more on the brexit summit, we will cross over to brussels, where bloomberg's bureau chief is standing by. what was the mood amid leaders here? >> we expected a lot of vitriol last night. going in, the leaders were very blunt in talking about their reaction to this referendum in the u.k. actually, it was not so bad. you could almost call it polite. maybe "frosty" is a good way to think about it. david cameron said he is sorry he lost the referendum he organized and set the timing for. he did not expect to lose at all. they are going to meet again today and try to take it a little forward. yousef: a lot of the decision-makers we have been speaking to are looking for clarity. to we have a timetable now? >> not quite yet. wants to meetnt again at september. that seems to be a deadline for the u.k. to come up with a plan. david cameron is saying he is not the man to put forward a leave agenda, if you will. he wants to have his successor do that. whether or not his successor will

that is rosalind chin. manus: still with us is our guest, chief economist at oman investment fund.elieved i got the italian name right. i know you were, too. for an irishman and italian, we don't do too badly. i've got wti and brent up here. where youf the world work, it's important that this rally sustains itself. lastestion is, since we met, we have had a number of moves. we are up above $48. i think this is a dollar trade i don't think this is a supply trade. >> you are absolutely right. the path towards recovery in the oil price will be not a lenient one. it will have a number of ups and downs. the longh-term outlook favors te suppliers. in between, you can have short-term elements like weather conditions, security issues, militants and other -- other elements that could derail this rebound. the issue is whether the frackers in the u.s. will get enough money to continue their operations. manus: herein lies the argument i would put to you. a couple fractures have come back. the amount of capital that the frackerse led to the has fundamentally changed. i think there is a cap in t

i am rosalind chin. this is bloomberg. exitad: the u.k.' is plagued by uncertainty. we have david cameron addressing the parliament later today for the first time since resigning. we have opposition members quitting in an attempted coup against jeremy corbyn. this is absolute chaos, isn't it? >> it is, rish. chaos and political crisis. the government has no leader with david cameron having stepped down. also, the opposition labor party, there have been calls for its leader, jeremy corbyn, to step down. there have been 11 resignations of the shadow cabinet and one firing before the u.k. has even started negotiations with the eu. in order for the negotiations to start, the u.k. and u.k. only has to trigger article 50. that would start two years of negotiation. we are not at that point. we have a lot of uncertainty. people everywhere have been weighing in. scotland has talked about potentially having another vote on another independence referendum. we have heard from christine lagarde. here is what she had to say about the market reaction ahea

rosalind: japanese online recruiter says it will prepare for an ipo.to raise more than $9 million when it goes public. shares earlier. it offers a paid website to connect job seekers companies and recruiters. walmart ready to name its china chief. an announcement about the new role could be made this week. the chance of i lunch with warren buffett is worth $3.46 billion. the winner was 50% higher than last years. the top bidder and seven guests will dine with warren buffett in new york. he has raised more than $20 million since 2000 and eight of a charity that helps homeless and poor people in san francisco. war craft looks set to become china's highest grossing hollywood film. , takingthe box office ticket sales since wednesday's debut to $157 million. it could not match that success in north america, where it was beaten by the conjuring 2. main dollars. -- $40 million. those were a look at some of the stories making headlines. angie: a regulatory investigation is weighing on alibaba stock. with short interest soaring to record highs, yvonne man is ta

here is rosalind chin. : semantic is beefing up its expertise in cyber security with an agreement totems for about 4.6 5 billion dollars. symantec will finance the deal with cash on hand and $2.8 billion of new debt. symantec had announced in april that michael brown was stepping down from the position but staying in place until a replacement was found. the software company says it expects $150 million in annual .et cost savings the deal is likely to be completed in the third quarter. the investment includes $300 million in equity and another $300 million in long-term debt. have agreed toes form a comprehensive partnership on internet-powered financial innovation. didi has formed a coalition with other platforms such as lyft but focuses mainly on its home market in china. it is backed by two of the nation's most valuable technology companies. last month, $1 billion from apple. a widening investigation into korea's latte group means the end of the road for the ipo of its hotel unit. difficult it would be to meet next month's deadline to complete the $4.5 billion offering. for example,

rosalind: it will ride on the e-commerce bandwagon.ut 67 new alibaba'selling on business to consumer platform. they are new to china and not available in stores. they are only available online. the managing director for the greater china region did say that nestlÉ e-commerce and china has triple digit growth rates. it is already more profitable than bricks and mortar. nestlÉ has missed its long-term sales targets for four years. its recent growth was fueled by recent e-commerce sales, so hopefully china will help them to boost in that region online. angie: looking to china for help, because everybody else is not pulling its weight, at least when it comes to nestlÉ. a lot of pressure on nestlÉ. slower growth has meant it is difficult to increase prices. for them to meet long-term sales targets. they had been hoping to reach 5% or 6% growth long-term sales targets, and there is pressure on them to try and lower those, but they are resisting it. they are looking at expanding in areas other than packaged goods and trying to reduce reliance

the stadium armory stations are closed and no service between arlington cemetery and rosalind.ng to be spending any real amount of time outside today. temperatures already reaching the mid to upper 70s. 79 in highs in the 90s today. 92 again tomorrow and expect a shower on tuesday. >>> keep an eye on the forast and the news with the nbc washington app. ♪ dogs - sure can be messy. but with nexgard, their flea and tick killer doesn't have to be. nexgard, the vet's #1 choice for dogs, is a delicious, beef-flavored chew that kills both fleas and ticks. so it's easy to give, easy to take. reported side effects include vomiting, itching, diarrhea, lethargy and lack of appetite. use with caution in dogs with a history of seizures. why mess around? for powerful flea and tick protection, ask your vet about nexgard. the #1 choice of vets for their dogs and yours. >>> taking a look at the headlines. insurance rates are going up at the fastest pace in 13 years. on average, they're up 5% to 10%. but in georgia, they're up a stunning 25% where traffic fatalities jumped up 21% last year. the