rosalind: this is bloomberg. ♪ rosalind: this is "bloomberg best." i am rosalind chin.ow let's continue our global tour of the week's top business stories. in turkey, president erdogan shocked global financial markets by suddenly ousting the head of the central bank. francine: the turkish lira weakened after president erdogan removed the nation's central bank governor. he has reported that policymakers support his view that higher interest rates cause inflation. with this removal out of the blue, where does it leave the central bank and where does it leave the new person in charge? >> it leaves the central bank in a tough position, francine. the previous head was probably on the cusp of starting an easing cycle. but with the decision by president erdogan to suddenly remove or hold management at the central bank, it has caused some volatility in the lira. it is possible that the lira might weaken to a level that it might be more difficult for the new governor to cut rates, as president erdogan would probably like him to do. guy: greece's center-right democracy leader has

rosalind: the federal reserve also contemplates cuts.ts get a slew of clues to the right path. >> wall street believing we are going to get a rate cut. >> the big surprise would be if they did nothing. >> we have a lot of time left before the mn

rosalind: the federal reserve also contemplates cuts.w of clues to the right path. >> wall street believing we are going to get a rate cut. >> the big surprise would be if they did not

rosalind p. walter. barbara hope zuckerberg. corporate funding is provided by mutual of america-- designing customized individual and group retirement products. that's why we're your retirement company. additional support has been provided by: d by the corporation f public broadcasting, and by contributions to your pbs station from viewers like you. thank you. som the tisch wndios at lincoln center in new york, hari sreenivasan. >> sreenivasan: good evening and thank you for joining us. the it ranian governmnounced today that it will enrich uranium past levels agreed under the 2015 nuclear deal. they say international inspectors will have def proof of this tomorrow, and the country expects to continue going st limits every 60 days until they receive relief from economic sanctions. uranium can be enriched for clear power, or with far more refinement, for nuclear weapons. the united states withdrew from the nuclear deal a year ago, but has exerted pressure on other signatories to not buy oil from iran which has had severe effects

rosalind p. walter. barbara hope zuckerberg. corporate funding is provided by mutual of america-- designing customized individual and group retireme products. that's why we're your retirement company. additional support has been provided by: and by the corporation for publ contributions to your pbs station othank you.like you. from the tisch wnet studios at lincoln center in new york, hari sreenivasan. >> sreenivasan: good evening, and thanks for joining us. another major earthquake struck southern california last night, th one registering 7.1. it was 11 times more powerful than the 6.4 earthquake on theu foth of july. >> oh my god! >> sreenivasan: the epicenter of this earthqujae was in the desert near the city of ridgecrest, not far from the center of thursday's earthquake. seismologists say the two were along the same fault. as aip result, there were mu small fires and power outages last night, but today, the kern county fire chief said there were no major injuries or fatalities reported. the shaking could be felt as far away

international government executive editor rosalind is an. -- rosalind matheson. we have seen individual names like vodafone having a good session. not a good session in the paris market. the ftse 100 up, not moving much in the auction. the dax and the cac 40 also rising around .5%. if you want to carry on the coverage, you can do so by tuning in to the radio in your car, dab digital radio in the london area. the cable takes to the air at the top of the hour. jonathan ferro in new york and i will be joining him in london. you can find that show on all of your bloomberg devices as well. this is bloomberg. ♪ vonnie: welcome to our bloomberg radio and tv audiences. intel shares have erased early gains and are down 1%. headline results beat estimates but wall street seems to be questioning the outlook for the rest of the year. joining us from the company's headquarters in california is ceo bob swan. thank you for joining. why you think wall street has turned sour on your forecast? bob: we just closed a quarter that finished much better than we expected. our revenues w

rosalind p. walter. barbara hope zuckerberg. corporate funding is provided by mutual of america-- designing customized individual and group retirement products. that's why we're your retirement company. additional support has been provided by: and by the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. from the tisch wnet studios at wlincoln center in rk, hari sreenivasan. >> sreenivasan: good evening, and thanks for joining us. barry brought its heavy rain to veuisiana today as it move slowly out of the gulf of mexico and on land, briefly becoming a hurricane before turning back into a tropical storm. the storm's winds reached 75 miles an hour, making it a catery one and the first named hurricane of 2019. it was downgraded to a tropical storm within hours, as its wind speeds dropped after making landfall west of new orleans. but, it was the rain, not the wind speeds, that caused evacuations and preparations for days of possible flooding. wat

rosalind p. walter. barbara hope zuckerberg. corporate funding is provided by mutual of america-- designing custized individual and group retirement products. that's why we're your retirement company. additional support has been provided by: and by the corporation for public broadcastcog, and by ributions to your pbs station from viewers like you. thank y.ou from the tisch wnet studios at hari sreenivasan.iv >> srean: good evening and thanks for joining us this saturday july 20. i'm ha sreenivasan. 50 years ago on this very day was the apollo eleven moon cinding, so tonight we're bringing you a s program from the newly restored apollo control room at th johnson space center in houston, texas. >> we choose to go to the moon! >> sreenivasan: it was a goal president john f. kennedy set years -mbefore the histoing mission landed the first two humans on the surface of the moon. an estimated 650 million people watcd the televised event as u.s. astronaut neil armstrong pronounced the now famous phra: >> that's one small step for man, o

rosalind p. walter. barbara hope zuckerberg. corporate funding is provided by mutual of america-- designing customized individual and group retirement procts. that's why we're your retirement company. ditional support has been provided by: and by the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thanu.k from the tisch wnet studios at lincoln center in new york, hari sreenivasan. ivasan: good evening and thanks for joining us. the heat wave sweeping much of the central easteru.s. is near over. a cold front is forecast to bring rain and lower teiteratures and humidity a moves from the great plains to the east coast by tomorrow night at washington dulles airport this weekend, united airlines workers were monitored to make sure tkehey cool as the temperature reached the high 90's in high humidity. >> we hohave a number of m that we use to prevent heat exhaustion. so we have cooling stations strategically placed around the terminal with gatorade water and ice. >> sreenivasan: a o

i'm rosalind chin.esume a roundup of the week's top stories in business and finance. trade tensions in asia escalated as japan and south korea sparred over curbs on tech exports. >> another trade war might be coming to the boil, citing long-standing and unresolved tensions, japan restricting exports to korea from three types of critical components which are used to produce semiconductor's and smartphone screens. this dispute has its roots dating back to before world war ii. how difficult is it going to be to come to some sort of resolution? >> i think the real issue for both sides is they need to ask themselves what they will get out of it. there is certainly a lot of pride and patriotism involved, and old wounds are being opened up again, but at the end of the day, they have bigger things to worry about, global trade and of macroeconomic environment that we've been talking about for the last few months, and the fact that both sides -- the south koreans and the japanese -- have companies that are under

parents since last year that's despite a court ruling in 2018 that the practice should be stopped rosalind jordan has more from washington d.c. . they're american civil liberties union said that it decided to file this latest challenge in federal court because of information that it says the federal government presented to it starting late in 2018 basically that federal agents were once again separating children from their parents at the us mexico border perhaps for the most frivolous of reasons they c.l.u. said in a court complaint filed in california on tuesday that some of these reasons included a parent who did not want to awaken a sick child when she saw her diaper and then authorities taking his child away from him because they claimed he was a bad parent another person lost his child because he had been driving without a valid driver's license and yet other people were accused of being members of gangs even though in most cases they were not the a.c.l.u. said that the federal government is abusing what it says it has to have which is broad discretion to protect children in these cir

anna: rosalind, thanks for explaining. rosalind mathieson. let's do that economics.insella at union bancaire privee is still with us. i pulled up a chart of the strong and of gdp data since 2013 for the u.k., and the estimate for today and we will hear about today stands in contrast. the small red box on the right hand of the screen. it looks as if we could get something that will keep newspapers busy in terms of writing gloomy headlines. a q2 gdp print saying q1 was overstated or exaggerated, reflecting the inventory buildup of the deadline ahead of march. the data since then has seen a clear deterioration of april, may, and june. u.k. economic surprise index has fallen off a cliff and is moving rapidly into negative territory, which is telling you we are seeing an aggressive slowdown in the u.k.. it wouldn't surprise me to see a negative gdp print today and we could see another negative gdp print in q3. it looks like we are moving toward recession. anna: two of those red boxes and it is recession. let me ask about the politics a little bit because we didn't see muc

rosalind: that is unclear.spect they wanted to get through parliament last night they did not. if there is a no deal exit, there is no deal to get through parliament. that is not an option he sees as likely. he wants it on the table because he wants to use it to go to brussels to negotiate with. francine: the market is in position for a possible no deal brexit. there is a lot of confusion. what does this mean for where brexit ends up and where the economy ends up in 12 months? erik:'s it is bad. uncertainty is bad. there has been some misunderstood optimism that it is not so bad because you have seen the households have taken savings down to keep conception up. growth has been held up from the underlying -- and the uncertainty is very clear. there is a common sense feel that surely this country will not crash out like this. investment has not crashed completely. i am worried. you see this debate and you say where is this country going? it is not about inside, outside so much. what kind of deal are we going to g

military buildup in the gulf is continuing as rosalind jordan reports. on friday the trumpet ministration spent its time trying to reassure the international community that it was willing to find a diplomatic solution to its ongoing tensions with iran meantime the pentagon and more specifically centcom was taking action to guard against any more iranian incursions in the gulf region 1st the centcom officials confirmed that they are conducting aerial surveillance to help protect commercial vessels that are sailing from the gulf through the strait of hormuz or in the other direction centcom also confirmed that it is now trying to set up something called operation sentinel a multinational force that would basically provide physical security to commercial vessels moving in and out of the gulf they say this is necessary because of what it says has been iranian encouragement and recent hostile actions coming from the iranian government then there was this announcement 1st from the saudi defense ministry and then confirmed by the pentagon that the u.s. military

with more on this rosalind can you tell us more of that of what's come out of that report. well what the a.c.l.u. is alleging in federal court in california is that even though there is a court order basically banning the u.s. government from forcibly separating children and their parents when they come to the us mexico border the a.c.l.u. is alleging that this practice is continuing and as you said by its calculations at least 911 children have been separated from their parents since this court order came out 13 months ago and the a.c.l.u. is alleging in its court filing that the separations are taking place not because of any real threat to the children's safety but for what the a.c.l.u. says are perhaps the most frivolous of reasons perhaps the person had an expired driver's license or perhaps the child didn't speak clearly enough english to say yes that's my mother or my father and so immigration officials used that as a reason to put the child in foster care or in a detention center and of some cases the a.c.l.u. says the children have been reunited with their parents

rosalind p. walter. barbara hope zuckerberg. corporate funding isrovided

rosalind p. walter, in memory of george o'neil. barbara hope zuckerberg. corporate fundinis provided by mutual of america-- designing customized individual and group retirement products. that's why we're your retirement company. additional support has been provided by: and by the corporation for publicroadcasting. a private corporation funded by the american people. and by contributions to your pbs station from viewers like yo thank you. from the tisch wnet studios at lincoln center in new york, hari sreenivasan. >> senivasan: good evening a d anks for joining us. dan coats is expec resign. the former congress member and senator was tapped to head up the d.n.i. office in 2017 by then president-elect donald trump. since then, coats and the president have often clashedsi over the rinvestigation and trump's attacks on the u.s. intelligence community. in his place, the president is expected to nominate republican congress member john ratcliffe of texas, a staunch supporter of the president. in puerto rico, wanda vazquez, the woman set to replace governor ricar

rosalind p. walter. barbara hope zuckerberg. corporate funding isrovided by mutual of america-- designing customized individual and group retirement products. that's why we're your retiment company. additional support has been provided by: and by the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. from the tisch wnet studios at lincoln center in new york, hari sreenivasan. >> sreenivasan: good evening and thanks for joining us. president trump took a history- making step onto north korean territory today and announced that talks to end the isolated, dictator-led, communist country's nuclear program would resume without any concessions from north korea. mr. p was the first sitting u.s. president to cross the demilitarized zone marking the border between north and south korea. >> ( translated ): good to see you again. >> sreenivasan: through an interpreter, north korea's leader kim jong un greeted mr. trumed saying, "i never expect to meet you at this place." ( camera

rosalind helderman, political enterprise and investigationsrt re for "the washington post." and co-author of the analysis in the post's best-selling publicion of the mueller report. and andrea mitchell, chief correspondent for nbc news, and of course manu ranchu, senior congressional correspondent for what's next for house democrats? >> look, i think that impeachment is suddenly on the ble in the house which is a big shift. this has -- the speer has en very reticent about going down this path. she has said it's not going to happen. she's saidat he president simply goading us into impeachment and says the senate's controlled by why would we go down this route? because there's simply not going to convict the president. her messaging has changed. she has said after the mueller report let's see what tco ts do. let's figure out the courts, the situation with the courts. i asked erher directly a the mueller hearing about her concerns about -- it would die in the senate. concern hat's not anymore. my concern is what's going to happen in the courts. she said this is not going to be

rosalind p. walter. barbara hope zuckerberg. corporate funding is provided by mutual of america-- g customized individual and group retirement products. that's why we're your retirement company. additional support has been provided by: and by the corporaon for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. be more. pbs. masters: long before sandy koufax threw dodger stadium's e first pitch and even befe first residents moved into chavez ravine, there were the byelysian hills. raised u tectonic forces and carved intoh deep ravines bancient precursor of the l.a. river, these hills have meant manyny things to eople. thousands of years ago, they were a refuge from floods for the regi's native tongva indians. later, they were a source of timber for the pobladores of los angeles then a source of quarried stones soon after the city became american. in this episode, "lost l.a." explores the various waysr southecalifornia's inhabitants have used the hills around dodger stadium. we'llk lt a

a message to the man who was supposed to be promoting unity as part of his job rosalind jordan al-jazeera washington well still ahead here on al-jazeera will tell you if the delegation from me emma has managed to convince ring the refugees to leave bangladesh. holy site all rubbish dump the pilgrims polluting a shrine in india administered kashmir. in the central valley of california there's a warning out for extreme heat and there you can see the satellite picture what you can see is the stones been running around the far south of california more especially yes or canyon counties canyon country and general high grounds for the crust of the northern plains and this i think will develop into a line of thunderstorms the head of the circulation somewhere in eastern canada not unusual for summer of course some of them could be quite deep they might sports tonight and more likely just a bit of hail and some heavy rain ahead of it is warm quite human 34 or thereabouts in washington san francisco of course is always code and central valley 17 or 18 in the sunshine that's a picture come tuesday w

i want to bring in now roslyn adams who's been covering today's events for buzz feed age of rosalind's good to have you on the program you were among the protesters the entire day talk to me i mean what did you experience and did you get the sense too that we were looking at something that was planned or was this taking of the assembly chamber was that spontaneous. no i think humans got when that was. in the works you know i would say actually it started in the morning actually there were there was. one about a lot of blood was like it's a building but are only 4 or 5 there were hundreds of people surrounded by the earth on a limb to say it's a building they're bringing in supplies. it wasn't something that happened need something that's had all day really. they were you saying air clean and sledgehammers it is definitely a concerted and there was i guess. the adult when they got into the chamber. let me just it wasn't when when the the part as israel able to get in the chamber we understand they didn't meet any resistance there where there weren't any police officers to mention when t

rosalind p. , in memory of george o'neil. barbara hope zuckerberg. corporate funding is provided by mutual of america-- designing customized individual and group retirement products. that's why we're your retirement company. additional support has been provided by: and by the corporation for public broadcasting. a private corporation funded by the american people. and by contrutions to your pbs station from viewers like you. thank you. from the tisch wnet studios at lincoln center in new yoen, hari sasan. >> sreenivasan: good evening and thank you for joining us tensions in hong kong continue to rise. last weekend mob attacked pro democracy protesters. today those protesters went back to that neigorhood and clashed with police. riot police fired tear gas and rubber bulletsnd blocked a crowd of black shirted demonstrators from marching into the area. the police did not grant permission for this march. last sunday a group of men i white shirts, appeared to target and beat pro-democracy passengers as wells commuters at a train station. police have arres

parents since last year that's despite a quarter warning in 2018 that the practice should be stopped rosalind jordan has more from washington d.c. . their american civil liberties union said that it decided to file this latest challenge in federal court because of information that it says the federal government presented to it starting late in 28. tiene basically that federal agents were once again separating children from their parents at the us mexico border perhaps for the most frivolous of reasons they c.l.u. said in a court complaint filed in california on tuesday that some of these reasons included a parent who did not want to awaken a sick child when she saw her diaper and then authorities taking his child away from him because they claimed he was a bad parent another person lost his child because he had been driving without a valid driver's license and yet other people were accused of being members of gangs even though in most cases they were not the a.c.l.u. said that the federal government is abusing what it says it has to have which is broad discretion to protect children in these

to talk us through that particular statement rosalind that's just come through and also tell us whether there has been any reaction from trump in the white house. well 1st i mean there hasn't been any reaction from the u.s. president donald trump although it is thought that he is going to be holding a press conference later on thursday on an unrelated matter and in that case he might well take questions about this incident but as you noted u.s. central command which is in charge of u.s. military operations in the middle east has commented on the incident and while it was not directly involved in the confrontation if i can use that word between the british and the iranians it does stress as you say the need to keep the strait of hormuz open flew all international traffic particularly commercial traffic because about 40 percent or so of the world's. petroleum reserves travel through that very narrow body of water between the arabian peninsula and the rest of southwest asia more particularly near iranian territory it's important to note that the u.s. is saying that all efforts need to be m

with overcrowded detention facilities at the border with mexico the growing humanitarian crisis rosalind jones has more from washington d.c. . this change in u.s. deportation policy is just the trumpet ministrations latest effort to crack down on what it says is an immigration crisis primarily from central and south america the plan would change the authority that immigration officers have to immediately deport those persons who are in the country without the proper documentation as of right now they can only deal with people who have been inside the united states for fewer than 14 days and who are found within 100 miles of the u.s. border this plan if it does take effect on tuesday would cover the entire united states and the people who could be affected may have been in the country as long as up to 2 years immigrations rights groups say that as many as 300000 people could find themselves being targeted for this immediate deportation plan and they say that they are planning to file lawsuits to keep it from taking effect these groups saying they're worried that people who have permanent

to rosalind adams, asia correspondent for buzzfeed news.( it was very dramatic. that they do not know what other options are left. every time, they have been very consistent about their demands. and every time carrie lam has hurdled a press conference where has the impartial retreats, but not enough to make protesters happy. i think they are just doing everything they can think of at this point. where you surprised when they went into the chamber of the legislative council and sprayed graffiti as we have seen? it was definitely surprising. i was standing out there for hours, and as the hours went by, they were taking down glass panes one by one. super methodical, bringing supplies. different metal barricades, sledgehammers, anything we could use to get their way in. we took the precaution to smash cctv cameras. took the precaution to smash cctv cameras. “— took the precaution to smash cctv cameras. —— they took the precaution. everyone is definitely concerned about surveillance and being identified. once they got that metal barricade open, i was surprised to see