chairman ofay on as santander spain and becomes vice bancoman of santander. the head of norway's wealth fund sites he is concerned about the deepening trade were between the u.s. and china. he made the comments in an exclusive interview with bloomberg's editor in chief. >> our investment is based on globalization and of course, there are some disturbing signs about the development of that big trend, which has been happening for 30 years now. the interesting thing is to see whether there is a rupture in that trend. juliette: in the u.s., bill cosby has been sentenced to at least three years in state prison after the judge declared the 81-year-old a "sexually violent predator." he was found guilty in april of drugging and sexually assaulting a woman at his gated estates in 2004, after being bearish by multiple allegations. global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg top . are seeing very good gains coming through from c

what is the strategy for santander?ve away from being a large global retail bank when significant corporate bank. we are looking at asset management and other areas of expertise that he will bring. you can bet that santander is looking to build out. they have not made acquisitions in quite a while. die: -- guide: -- guy: ubs coming through with replacements. piero noveli will be replacing him. vonnie: we have the bloomberg finance reporter. orcel, a good fit? >> it was a bit of a surprise. he was at merrill lynch when it was doing great. he was always head of global banking. he started many decades ago in the emerging markets in europe. he stayed at bank of america for a while and really helping them with their investment banking, what they brought over from merrill lynch. that's what he was doing at ubs. he is not a banker in the sense of consumer corporate banking. this.ybe he has done : ubs has gone through a massive transformation. it has completely changed its business model since the financial crisis. then they re

santander picks a dealmaker ceo to do what?a read across from the united states. >> we got mixed results from the u.s. overnight. that could be bad news for the european rivals adidas and puma. nike's results were not entirely bad. they saw sales exceed estimates in north america. in greater china and latin america, also margins were somewhat below estimates. that is why we saw shares fall. this could potentially indicate the market is not as strong as expected, which is why a good way on shares of adidas and, -- and puma. closingt's stick with and boo-hoo. you have the details. >> the manchester-based online retailer could see a property open. they beat estimates for their first-half earnings. they also up to their full-year revenue guidance to a range of 30% to 42%. they originally thought it would be lower. could see a pop at the open. anna: thank you for giving us the stocks we are watching. coming up, the market open. futures in the united states pointing higher. we wait for the fed. this is bloomberg. ♪ xfinity mobile is

francine: are you invested in santander?will go back to the dealmaking days? in santanderested in equity and credit. we on several hundred million dollars. is one of theder cheapest banking stocks in the world. the lowestantly, volatility in 20 years. i think what he will do is , possibly business management,sset wealth management, and improve corporate banking. that is what he did at ubs. he didn't do any deals. he just shrank the balance sheet. like is that he steps up and it is a reinforcement of the team. personalitysee any or culture clashes? >> no. , it demonstrates in , and by the way, the started as a banker and a research analyst. saidhe ran, people --santander, people said what are they going to do. he turned around and santander became the only bank were taxpayers made their money back. investors want to pigeonhole people, and they don't understand the best people can play important roles. much for thank you so that analogy. he is the founder and chief executive. ourty of coverage from bloomberg global business fo

. >>> and a loss for ubs but a gain for santander there is a new ceo in what could mark a shift in strategy for the retail lender. >>> we're about an hour into the trading session. i want to dwell a bit on u.s. markets. we have that central bank meeti meeting today. the fed is coming up widely anticipated to hike. markets are mixed going into that we saw the third negative session in the row for the s&p, even though for the quarter it's on track for the best quarter since 2013 the last couple of days, price action has not been that positive generally speaking it's been a strong quarter the mood overnight was better. we saw relief in chinese equities there there was a report from the msci saying they are considering increasing the weight of equities in their indices next year we saw a bounce in the nikkei, up 0.3%, touching its highest level since january. that was the picture overnight in europe we have a dented mood. we're down about 0.10%, slightly weaker heading into the trading session today. let's get into the individual markets. the mood is a bit sour in europe the ftse 100 around the

ten companies have now agreed to make that information open to the public, including santander. this transparency it really lets potential employees choose who they want to work with and see the benefits that are on offerfor them. hello, matt turner. matt was able to take four weeks' paternity leave on full pay a few months ago. he thinks that for men and women it's notjust wages that people are comparing when they are job—hunting. it's important to be upfront about what provisions are available. i think employers are moving away from just being purely a source of income. people are really interested to find out what benefits are available and maybe not feel confident enough to be able to ask that question. this could be harder to implement for smaller companies, but if they see a benefit in publicising this information then job—hunting for parents and potential parents might get a little easier. colletta smith, bbc news. the labour leaderjeremy corbyn, and the shadow brexit secretary sir keir starmer, are in brussels, where they're due to meet the eu's chief brexit negotiator,

he is going back to santander. the question is, is he going to be doing more deals at santander?carlet: that is what he is known for, but at ups, he was known for streamlining the firm and cutting jobs and really shrinking it down. this is bloomberg. ♪ caroline: this is the countdown to the close. i am caroline hyde. scarlet: i am scarlet fu. the beginning of deliberations over interest rates. >> i cannot wait. nothing facetious. it is a decision meeting, and, of course, everyone expects a hike, and the reason i am excited is i feel the tension is growing between those who say more is needed and the fact that inflation is still pretty benign. it is not up as strong, and that seems like it is going to be an interesting issue for chairman powell in the press conference. caroline: and i think i do what seems to be quite a calm situation. utilities on the downside, those exposed. scarlet: absolutely, take a look at the bloomberg, utilities the worst performers, and there is that rate sensitive sector, very prominent in the losing called him, and, of course, on the upside, a rise in o

morgan chase society general and santander the royal bank of canada and the australia new zealand big zoo here discusses our friend and crypto in finance expert christy are the co-founder of counterpart x. christy welcome back so we haven't had you for a few weeks so it's great to see you think you're ok so let's get right into this one i mean what's going on with what the banks are doing you and i have talked about this before not not on the program but they've been looking at sort of the at least more than a year right we're trying to do here so they've been looking at this for the last eleven months to see if they're blocking technology could truly process the payment process a much faster than a nonstandard banking transaction so what they're doing right now is that they're trying to see if a mutually shared ledger that's shared amongst banks could potentially speed up payments that have issues such as a missing data says client confidentiality issues they're trying to see if with this ledger if all banks can access it at the same time they can resolve these issues quicker than ri

meanwhile,bscribers, the surprise move by buying sometime there -- bank santander.at asia's $22 trillion succession problem, business is grappling with handing over the reins to dozens s as they fightr it out. yvonne: technology lies at the heart of the ongoing trade dispute between d.c. and beijing. the made in china 2025 program, president trump has targeted sanctions. we have a former google china president speaking to bloomberg about who is winning the intellectual property race. >> the u.s. is ahead in research and basic technologies. china is faster at implementation, so will probably create greater value out of the technologies, but it is not a zero-sum game because we are funding chinese companies, and the americans are doing the same come as a both can be very successful. they are not yet competing for the same customer. >> there is a belief, and tell us whether it is true aror myth, japan and china can take with the u.s. invents, replicate it and make it faster, but not capable of innovating. is that true or false today? >> i think it is false. apps on myo

kpmg, santander and deloitte are among the businesses to have made their policies known.. animal welfare groups say they've had no major concerns about the mammal, which was first spotted on tuesday and that he was last seen "swimming strongly" close to the kent coast. 0rone or one big story for use. —— one big story you. —— one big story for you. how do you celebrate a milestone birthday if you're the man who has everything? he is ina he is in a helicopter, there is a rope, there he goes. he spent his 50th birthday doing a bungee jump out of a helicopter over the grand canyon. he was watched by his family and friends and said afterwards that his emotions went from "pure terror to pure bliss." technically, it is not rope. it is a bungee cord. it would be really bad! argue 0k? bungee cord. it would be really bad! argue ok? i am not watching that very closely, it offers me. —— are you? chalet took eden hazard instead? it's he potentially the best player in the premier league at the moment? i am about to show you a goal from last night that might convince you. this was the s

[vilma] maría luz es la segunda de tres hermanos que proviene de la zona montañosa de santander, colombiavidas, mientras que daniela tenía 9 años. maría luz consiguió una visa de turista y se la trajo a estados unidos, donde vivió con asilo basado en la persecusión que sufría su familia por parte de la guerrilla. fue entonces cuando daniela, ahora de 22 años, le reveló un secreto que guardó por años. daniela: le dije a mi mamá que no quería volver. maría: me dice: "mi tío abusaba de mí". yo sentía como que no era cierto porque era el esposo de mi hermana. [vilma] luego de la separación con su esposo, maría luz fue diagnosticada con cáncer, y daniela pasaba mucho tiempo bajo el cuidado de familiares. daniela: cuando llegué aquí fue cuando me di cuenta que era abuso sexual, porque cuando estaba en colombia pasaba tan frecuentemente que yo no sabía que eso n a vivirrmal.ro con una amiga en jacksonville, florida. y mientras daniela iba a la escuela, maría luz limpiaba casas, cuidaba niños y ancianos para sostenerse. daniela: yo sólo recuerdo que amaba la escuela aquí, porque me sentía libre.

his former investment bank had but added he is proud to see him because such a prestigious role at santanderade the comments in an exclusive interview with bloomberg. >> we are sorry to see him crucial he was a very in helping us execute our strategy and execute this tragedy but we are also glad that and proud that one of our team is, got asked to take on such a big an important role. ceo has joineds the growing chorus that sees $100 oil on the horizon but he is not thrilled about it. sees looming prices backushing into triple digits for the first time since 2014. that is happening, there is a lot of supportive elements for the price of oil, the lack of supply, the and evenn of supply, on the opec side i would say there is the position [indiscernible] so you have strong support for oil price and demand will remain high. hasette: facebook executive waded into the debate on how it handles the companies it buys taking aim at what the cofounder says his low class. he told forbes magazine he had numerous points of conflict with mark zuckerberg. david marcus said the social networks relationship w

among some european stocks that have major exposure are telef onica and santander. >> let's talk aboutt is happening with this data leak. basicallyy they have solved the issue, but it involves 380,000 payment details. british airways saying it did not include any passport information. this did take place over a few weeks. august 21 through this past wednesday is when they said the hack took place. have notified customers. in the past a loss of investor confidence around a data leak, concern customers may turn away. british airway customers tend to be dedicated so we may not see the same reaction. iag may come under pressure over concerns whether they have strong enough online security. matt: thanks very much for joining us. viewers can get the latest stock stories from our equities team on the bloomberg. just type first go. subscribers can get first via the mobile app. coming up, the market open. futures are pointing to slight gains this morning. this is bloomberg. ♪ guy: minutes to go until the start of cash trading. let me show you what is going on with euro-dollar. what we are sayin

kpmg, santander and deloitte are among those to make their policies known.to the death of a girl who died from an allergic reaction to sesame after eating a sandwich, is due to finish today. 15—year—old natasha ednan—laperouse reacted to the sesame in a baguette which she bought from a pret—a—manger store at heathrow airport before flying to france injuly 2016. she collapsed on the flight, suffered a cardiac arrest and died within hours. the inquest has heard that pret—a—manger did not label the "artisan" baguettes which natasha ate as containing sesame seeds — despite six allergic reaction cases in the year before she died. i've been speaking to gabriella williams, who has a sesame and poppy seed allergy and ate a sandwich from pret containing poppy seeds despite asking a member of staff if it contained them. and stephen vaughen — he's the director of all food hygiene ltd who run food hygiene training across the world. initially i had gone into pret and checked the ingredients on the sam wood label, and i went up and asked the staff if they could give me in

rates and the future of your investment bank especially after the person heading it left to run santanderou are manus, you're happy to be standing by for insight on both the subjects. good morning again, take it away. good day to you, good to talk to you again. we are in london. the ceo of ubs, great to see you. the eighth rate hike in this cycle, every anchor must be waking up and higher rates. guest: we do expect another hike for december, another three hikes for 2019. their plansxecuting and the economy is sustaining this policy so i do think we will continue to see some hikes in the future. manus: what do you make of trump's comment having of bit of a [indiscernible] look historically speaking an intervention to influence central bankers is creating a counterproductive outcome. doubt, under pressure, the fed or the ecb in the past or any central bank [indiscernible] to the contrary of the pressure. monetary policy should be a matter of the central bank. i spoke with david solomon yesterday and he said once the fed gets going, this is reminiscent, when they get going, they could do an

santander has been synonymous with the indian economy for decades now.te structure. >> we have a very strong history, we have a large amount because we arely i think weness -- are going to be in 10 different segments, so all the companies are operating through this. be reall consolidations, some will be under. >> and when you are through, does it look more like a holding company, of berkshire hathaway style company -- model the you can't savvy some other group. companies,ee big and then we have a way to go in financial analysis. then we have infrastructure. there is a big difference. in aerospace we are trying to consolidate. then we have the tourism sector. >> your recent results show a pretty strong jump in profit -- what is driving that? i think all of our companies are focusing on profits and cash flows, and it continues to do well. apart from that our indian business is also -- businesses are doing very well. >> jaguar, land rover kind of a dark spot in your results. what is going on? they are both strong companies over the last 10 years , they have