tesco coming in with 28% sainsbury at 15.9.udi, lidl picking up market share you heard my analysis. you give a bette interpretation >> i think the story aldi and lidl they gained in popular tichlt peop popularity people were look for bargains and now gaining share. we're looking at them having 16% to 20% market share over the next several years in this sector who loses? the big four that's not going to change >> in terms of investors, i want to draw attention to this wall on the left as well. we have sainsbury's trading on 13 times a low valuation. the ones that amaze me, the next three, tesco, morrison, recovery plays. dave lewis at tesco and the morrisons recovery play. the markets is having yvaluing w on a recovery, whether it's happening or not >> yes i would throw marks and spencer into that. these are turnaround stories, but we're not seeing the turnaround i would argue with aldi and lidl continuing to battle, we are looking at multiples potentially too big of a premium >> one of the things that irks me, the valuation of

few, tesco,bottom sainsbury, ricardo, the company that's not in their is almost interesting. william morrison. what does it tell us? they have to deal with supply of goods to amazon in the u.k. if they bought whole foods in the states, are they going to do the same thing in the u.k.? and morris already has a link with amazon, so that someone investors seem to be betting on. vonnie: back to tom keene, you mentioned janet yellen for have some incentive to do with this deal and i know you meant one thing. can i tell you what deutsche bank just told us, he just told us that this deal is fascinating because it may in fact add to the deflationary pressures in the u.s. tom: i will take it on a metro -- macro basis. you have the pricing and the idea that they can negotiate down basic processes, which really go into the core of one of the major core things we do, which is food. i agree there. what brad said earlier is so important. i've never seen a transaction with a greater delta of revenue groups in this one. they look the same down the income statement. up top you got this juggern

retailer also down sharply deal overshadowing news of tesco's best quarterly sales performance in years sainsburyin the red. and carrefour which is in the midst of a leadership transition, amazon deal comes as privately held german grocer aldi expands in the u.s. just goes to show that the supermarket battle extends overseas. >> absolutely. just as those german retailers and grocers were expanding their presence seema, thank you let's get back to sue herera with a news update hi, sue. >> hi, sarah thank you very much everybody. here's the news update this hour, president donald trump confirming an fbi investigation today through a tweet. mr. trump writing, quote, i am being investigated for firing the fbi director by the man who told me to fire the fbi director which hunt end quote. the president may be referring to deputy attorney general rod rosenstein who in a memo to president trump raised concerns over comey's performance jurors in the bill cosby case returning for a fifth day of deliberations. the jury now saying it has questions about reasonable doubt and wants to hear part of his sealed t

this time, and sainsbury's park. a man has died. 10 people have been injured.t of a mosque. ♪ is said toing receive $30 billion in -- and commitments for its new jet and almost four years. it was launched at the paris air show today. boeing is confident it can compete with the biggest narrowbody model. there are concerns the housing slump will continue. london home sellers cut their asking prices the second time in three months. that is your bloomberg business flash. francine: thank you, taylor. briggs it talks begin to -- talks it talks -- brexit begin today. joining us now, jones hayden. what do we know about what they will discuss? >> they went in to start the talks. are putting a positive spin on these talks, saying we are going to get the best possible deal from both sides. we will see. at 6:00 tonight, we might have a different story after the talks. francine: what do we know about what the different sides are their agenda. has the u.k. position softened and that automatically means the eu position has softened as well? jones: we don't know what the u.k.

as we announced in the budget in march, we will implement the recommendations of the sainsbury reviewenuinely work ready and able to make the most of the opportunities ahead. in support of all this, the government i lead will invest in a new generation of institute of technology, in every major city in england. important new institutions providing sought after skills for local, regional and national industry. they will be encouraged to develop their own local identity. to make sure they meet the skills needs of local employers. and they will give young people the chance to get a good job and put down roots in their local communities, the place they want to call home. we will do all this because for britain to succeed after brexit, we need to make the most of every talent and ensure no person or community is left behind. that is what i mean by fulfilling the promise of brexit. as we come together, behind this great national mission to make a success of brexit and of the opportunities it brings, we will build a more united country as our shared values, interests and aspirations bring us

. >> according to wilf >> specifically -- >> if you compare tesco eggs or sainsbury segs -- >> also much all getting -- >> this wasn't making me hungry thinking about british eggs. not american eggs. anyway, futures. let's have a look at what they're saying right now they're a little bit lower yesterday we did see the dow and s&p close fractionally higher. nasdaq down having led the charge higher last week. >>> airline passengers are in for a bumpy ride as congress marks up the faa reauthorization bill this week the bill takes aim at modernizing our airways and improving experience but possibly at a greater expense to flyers. joining us now for more is nick calio the president and ceo for airline -- of airlines for america. nick, thanks so much for joining us >> happy to be here. thank you. >> sort of a danger that could potentially lurk is in amendments that would uncap the airport tax. which would mean what? new taxes on flyers? >> it would mean, yeah, higher taxes on flyers, who are already paying considerable amount of taxes. most people don't realize every time they fly that their t

all of the discounters biting at the heels of tesco and sainsburys and others.k than internationally. it shows they are doing... whatever they are doing in store, improving customer service, for example, it is interesting lots of the sales has been fresh food. they have decided clearly to go down that route. it is a steady result for them.” mentioned discounters like lidl biting at their heels. there is a relatively new player, amazon, doing that. they have their rights on fresh food as well. an on line retailer delivering fresh food. yes. they have been competing well against discounters in reducing prices. people have moved away from promotions and have gone to everyday low prices, which is what the customer wants. amazon is on a battle for fresh food. the other battle for fresh food. the other battle is on how fast can i get it to the customer? one hour deliveries in london. on line, amazon, they are keen of interest for the customer. people are showing to prices are back on the up. we have been so used to price wars, always making it cheaper. that is at an e