we have taylor riggs in new york. taylor: the u.k.n union are said to have dropped their october deadline for a brexit deal. want a dealaid they wrapped up in the next few weeks. behind the scenes, senior officials admit this is unlikely. they aim to finalize the divorce terms by the middle of november, at the latest. president trump has issued a warning to social media companies after he accused google of breaking search results to offer negative news about him. his reelection campaign also texted tweets to supporters the fake news machine is completely out of control. the president commented ouaf -- after a liberal -- commented after a liberal news outlet. >> they are really treading on troubled territory and have to be careful. it is not fair to large portions of the population. taylor: the u.s. and mexico will commit to maintain transparency as how they manage their currencies as part of the trade deal. donald trump announced on monday he plans to sign a new trade deal with mexico intended to replace nafta. thatact will add a clau

i'm taylor riggs.rg. tom: thank you so much. let's get right to it. futures turning. curve flattening. euro-dollar really not doing much against each other. american oil, $70 a barrel. showing the equity angst we saw yesterday. the idea of more tariffs action with china. dollar weaker. turkish lira up to 6.8 for yesterday, comes in a little bit with some strength. rupees with ana example of epa's. a 71 for the indian rupee is just job dropping. nejra: you know what else has been job dropping is the rupiah in indonesia hitting the lowest since the asian crisis. what i have shown is the lira, as you did as well because there actually a little bit higher today but also the rand recovering today from a little bit of the losses we saw yesterday. european equities lower on a lot of the straight talk from president trump carmakers really taking a hit. tom: it was in the intimacy of theoval office with portrait of andrew jackson overlooking our editor in chief. here is mr. trump on eu and china trade. >> they

i am taylor riggs. jason: i am jason kelly. taylor: we have an exclusive interview with the ceo of snap. we looked to air france and the turbulence it is experiencing with a new ceo. the cover is all about harley and their request to recover sales. jason: it has been called out in various ways by the president of the united states. its main challenge, appealing to millennials. taylor: they are having to go abroad to get those buyers. is about harley davidson and how the company has been trying to transition into a new phase of its life span. getting new riders, younger riders, not necessarily american but obviously, the company is famous for and its core group is forl baby boomers who ride fun on the weekend or cross-country. i had to take -- hang out with them. taylor: what was that like? i want to know about who they are now because they are a very iconic american brand and known for being a nationalist all-american with a very certain demographic. claire: harley davidson has been around since 19 know three. it is the only u.s

i am taylor riggs. jason: i am jason kelly period headquarters in new york. ylor: a lot going on in the magazine. tyson wants to be your one-stop shop for all things protein. jason: we look at tmz's shift from hollywood to washington as it tries to break into celebrity politics. taylor: first we look at turkey. a lot going on with threats of their financial crisis and any contagion effects it might have. jason: we talked to our economics editor about what was going on there. peter: turkey's market caps was less than the value of procter and gamble or mcdonald's. so, it is not big in that respect. it happens to owe a bunch of money to european banks, unicredit in italy, b.n.p. paribas in france. to me, the impact is more symbolic. people look at turkey and say, who is next? they right away look at argentina, which is vulnerable. it has a big history of poor economic management, even though the current president has done a pretty good job. they look to south africa. ramaphosa is pursuing economic afteroxy, but he comes jacob zuma. people worry the good policies

-- taylor riggs.i am romaine bostick. a bitcoin breakout. the number one digital currency having the biggest rally in more than a month. it hit the psychologically significant $7,000 month despite of nines rejection bitcoin -- last month. i guess we will start with bitcoin. give me a sense as to what folks are thinking about with regard to this trajectory. >> this short covering rally started last week. we are up 10%, 11%. bitcoin is down about 60% over the year. it has a long ways to go to get to that $20,000 level. it has been a result of rejections of the etf. if that is the reason why we continue to selloff. as we get closer to working out the bugs, member, it is being rejected because there is concern about hacking, market mueller the nation -- market manipulation, and fraud. as soon as the bugs can be worked out, we should see that short covering rally continue to move and that next psychological level of $10,000 could be around the corner. romaine: let's turn to oil. we had a relatively bullish

i am taylor riggs. julie: and i am julie hyman. or: this week, we are focused on that hospitality merger and the fight over precious loyalty points. julie: yes, very loyal customers on both sides. we are also looking at the issue of key men risks. taylor: that is when a company is really reliant on one ceo. julie: sometimes to the company's detriment. there have been examples in the past weeks. facebook, a lot of questions about mark zuckerberg's recently -- recent leadership. papa john's and john schnatter. there are other examples. taylor: we are going to look this week at fiat chrysler. you have delete ceo and his relationship with fiat until his sudden death. julie: here's jim ellis. jim: the biggest challenge for manly is calming the markets down that he can be the ceo that sergio was. sergio was a ceo's ceo. he was a world traveler and a guy who was taking care of companies on two sides of the atlantic. he was a guy in the auto business was as close to steve jobs as you would ever get. he was a person who made outsized project

taylor: i'm taylor riggs. can listen to us on radio on sirius xm channel 119, and on am 1130 in new york, 106.1 in boston, 99.1 fm in washington, d.c., and am 960 in the bay area. justin: in london on dab mux 3 and in asia on the bloomberg radio plus app. when will we see a big tech giant like an alibaba come out of europe? taylor: to see these companies in europe before they get the chance to become big enough to compete in the u.s. and china. jason: we go on a tour of the contenders. >> you haven't had a company reach escape velocity to get north of $50 billion in market evaluation and until a company does that, there will be doubters who think europe can't produce a tech company of that size. i think you still have some venture capitalists in europe who, when they get a decent buyout offer from a company, may be a billion or even a few billion, they put some pressure on company founders to take that money because it looks like a good offer. really, if europe is going to produce a company with a market value

taylor: i am taylor riggs. you can find us online at businessweek.com. n our mobile app. the giant wildfires in california and western states seem to be getting worst, but are not new. taylor: they were more widespread in the 19th century than now. justin: there is a lot of stuff burning, basically, and acres burned in wildfires, and also, the damage. nothing this year has been anything like the fires in the california wine country last year in terms of burning people's houses, but obviously, it has gotten worse over the last couple of decades. taylor: talk us through where we started from. in your story, you go from 1861 through the 1900s. we hear about it more. it feels worse than it was since then, but what does the research say? justin: i actually go back 3000 years. [laughter] there was a study in 2012 that took charcoal sediment throughout the western u.s. and came to the determination that the first half of the 20th century was the least wildfire prone period in the last 3000 years in the western u.s. the reason is because we learned how to fight w

i'm taylor riggs, this is bloomberg. tom: taylor, thank you so much.ds, currencies, commodities, currencies front and center. futures away after a number of good days. curve flattening but not a part of the story. euro, 1.17. vix, 1.34. you don't need to memorize these numbers but turkish lira is weaker, not up to seven but getting there. .97, a newn peso, 33 number. after doing this for years, to see indian at 71, it is surreal. it is tough. it is odd. nejra: record lows for the r upee. we are on the same page with lira. weaker for a fourth day, despite moves from the central bank this week. european equities taking a turn for the worst, down six cents of 1% as we saw the s&p 500 close above 2900 for the first time yesterday. we can talk about why. 1.30 handle and strength in brent as well as wti. tom: we are showing a lot of charts. this is the jpmorgan blended emerging-market fx index, elegant and it is ugly, ugly, ugly. march, the drop, beyond elegant against the selected moving average, this plunge, the long chart, this is a huge lunch, now down t

we turn to taylor riggs. ident trump thousand he will not make concessions to turkey to win the return of the detained american pastor. president trump said he has set a good relationship with erdogan until now. microsoft has uncovered a new russian effort to hack american political groups before midterm elections. the targets were conservative american think tanks that have broken with president trump. the hackers created web domains that mimic the sites. microsoft got a court order to take over those domains. the british foreign secretary will call on the eu to impose new sanctions on russia. 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 bloomberg. david: president trump appears to be disappointed in his appointment of jay powell as fed chairman as he told supporters that he expected him to favor cheap money, and instead he has already presided over two rate hikes. the u.s. dollar moved down

taylor: and i am taylor riggs. n listen to us on sirius york 11:30119, new fm in106.1 in boston, 99 washington, d.c. a.m. 960 in the bay area. taylor: -- julie: in the features section, the starwoods hotel points program finally merges with the marriott program in august. a lot of challenges ahead. taylor: we spoke with a reporter and really got some insight into the starwood sends and why they are not so keen on their program at marriott. patrick: marriott, which is an older company, they were sort of at the beginning of the hotel expansion in the u.s., whose loyalty program was really based on some variation on buy two get one free. you state a certain amount of nights, and you are going to get a free night. taylor: more of a value proposition there. patrick: what they call rewards, or what loyalty wonks call rewards. starwood didn't come around until the 1990's. marriott was always sort of known for a company that was good at executing on the business plan. starwood was always known as a creative company. julie:

i am taylor riggs. julie: and i am julie hyman. n also find us online at businessweek.com and on our mobile app. taylor: in this week's business section, we continue our focus on the corporate key man risk. julie: at facebook, there has always been one leader, mark zuckerberg. taylor: for the first time, executives are questioning whether he should be the man and power. >> there are two things going on. the tone in the investment community has changed dramatically over the last couple of weeks. facebook came out with this earnings report. it wasn't even that bad. the number of users declined of daily active users ever so slightly from 1.40 9 billion to 1.40 8 billion. -- one point49 billion -- 1.49 billion to 1.48 billion. by any measure, facebook is doing great, but it did not meet up with wall street's expectations. i think that, combined with the drumbeat of scandal causes stock to dive pretty hard. it lost almost 20% the following day. it is i believe, the single biggest one-day decline for any stock ever. $120 billion. julie: i

right now in new york with your first word news, here is taylor riggs. taylor: the u.s.o could renew their trade talks as early as today. bloomberg has learned there have been significant breakthroughs during the past several days on two of the biggest issues, cars and energy. the u.s.'s trade war with china is about to get uglier. talks and the trump administration have gained the upper hand and are about to launch a fall offensive. last week's talks resulted in little progress for the cease-fire. the u.s. is planning new tariffs on an additional $200 billion of chinese products. beijing has vowed to retaliate. you could say that apple is trickling down on the iphone x. bloomberg has learned that the company plans to relaunch three new phones. the new phones will have a wider range of prices, features and sizes. fullyf the three will be new designs like the iphone x was last year. 's plansusk -- elon to take tesla private backed off. stooped to buy, investors he wasn't sure what support him including key backers from saudi arabia. mccain's allies and political joined in

for now, let's get the bloomberg business flash with taylor riggs. taylor: we'll start paying back investors in its frozen bond funds next month. returned 87% of the assets in luxembourg. it will pay 60% to 60 6% of the 66% of holdings in the cayman in australia's fund. this comes after winning approvals to start liquidating the strategies that were run by suspended bond fund manager tim heywood. week go private drama may have overshadowed signs of progress on the crucial model three. bloomberg's tesla tracker suggested production of the sudan may have exceeded the target of 5000 per week for much of the month. tool can vary the from week to week, but indicate tesla topped its 6000 cars goal for late august. boeing is said to be in a delivery bottleneck with dreamliner. the blog says supplier problems are affecting at least six planes and production of two more are being paused. airlines concerned include , and shanghai airlines. the blog says hainan airlines has requested a delay in dreamliner -- and a dreamliner for air china is sitting in storage f

here's taylor riggs. ent trump's intelligence chief warns that russia is one keyboard click away from a major election hack. intelligenceor of to coats says they have yet reach the intensity of the kremlin's campaign two years ago. the white house is looking to tamp down criticism that president trump is reluctant to hold russia accountable. trade wars haven't heard one part of the u.s. agricultural economy. american farmland values just hit a record. according to the agricultural department, the average value of an acre of farmland grew 1.9% this year to more than $3100. the gain signals that investors are focusing on farmland as a long-term investment. china just lost its ranking as the world's second-largest stock market. the value of chinese equities fell to less than $6.1 trillion after a slump thursday. japanese stocks are valued at a little less than $6.2 trillion. -- the. stock market chinese market moved into second place in 2014. global news 24 hours a day, on air and at tictoc on twitter, powere

is taylor riggs -- here's taylor riggs.r: bloomberg has learned trump administration more than double its plans tariffs on $200 billion of chinese imports. china says the issue should be resolved through talks and that threats are counterproductive. the u.s. and mexico are close to resolving one of the biggest sticking points in rewriting the north american free trade agreement. bloomberg has learned that the two countries are in the final stages of negotiating a deal on rules for cars sold under nafta. willo's economy minister come to washington tomorrow for talks with u.s. trade representative robert lighthizer. federal reserve policymakers working to keep interest rates steady when they wrap up their meeting today. that futures show almost zero chances for a rate hike today. havehairman jerome powell signaled they could take a break from rate hikes at some point. mayrime minister theresa cutting her vacation to -- british prime minister theresa may cutting her vacation short to try and gain support for her brexit plan. s

i'm taylor riggs. we like to do what we think is best at bloomberg surveillance which is put together a couple of good minds to talk about the topic of the moment. governor kearney today with francine. tariffs is front and center. posen of the adam peterson posen of the peterson institute with an exceptionally important foreign affairs article published days ago. terry haines wired into the policy future of wall street. pratt froms chris the gateway of the ozarks. this is a fabulous reality of tariffs. malek for the largest manufacturer in the united states. we are on the brink of extinction. in twoders dropped 70% weeks and our work for strength from 500 employees to 370. our competitors pay no tariffs on their finished nails. after the briggs & stratton plant midcontinent is the largest employer in the gateway to the ozarks. time is running out. ofbring in kevin cirilli washington right now. op-edrepublican has that tattooed to their brain. why doesn't the president? >> what's interesting is yesterda

here is taylor riggs. taylor: the u.s. is escalating the trade war with china.t said it will start imposing 25% duties. two weeks from now. the new list includes products ch as motorcycles, steam turbines and railway cars. the trade war doesn't seem to have had an impact on china yet. exports grew faster than expected in july. imports surged. in ohio, a republican candidate backed by president trump holds a narrow lead in the special election. he has a little more than a 1,700 vote lead over o'connor. several how the provisional ballots have to be counted. it is seen as a test of the president's influence ahead of the november election. elon musk would have to pull off the largest leverage buyout in history to take tesla private. his tweets came just after a report that saudi had a stake in tesla worth about $2 billion. and disney's c.e.o. bob iger is looking past film writeoffs that led the company to miss uarterly earnings estimates. he said the new espn online service that costs $5 a month is attracting for than than forecast. powered by more than 2700 jourm

. -- taylor riggs. romaine: i am romaine bostick. taylor: time for the biggest stories in the news.hares of dick's sporting goods falling with slumping sales and ending sales of assault style rifle's in february. same-store sales down a worse than expected 1.9%. they say they are experiencing significant declines in under armour products, under armour shares also trading lower. the trade war has hurt jack say they assumed eu tariffs imposed in june will stay in place the rest of the year. put on auties were number of american products in retaliation for president trump's tariffs on european goods. parent haveoogle's a new number one fan on wall street, morgan stanley has jumped up price targets for amazon by 35% and target or alphabet at 14%. now higher than any of the other analysts surveyed by bloomberg. morgan stanley sees amazon's cloud service as good. that is your bloomberg business flash. british and eu negotiators are saying the brexit deal may not be ready by october. senior officials tell us by mid-november is more realistic. let's bring in our u.k. politics reporter in lo

i am taylor riggs. this is bloomberg. francine: thank you so much. story andto our top the ruble, down sharply after the u.s. said they will issue fresh sanctions on russia for a nerve agent attack. washington expects the measures on the 22nd of this month. meanwhile, saudi arabia says they will ratchet up pressure on -- criticizingk the recent arrests. they say it could affect investment. justin trudeau says he will not change his approach. canada will always stand up for our workers and companies. we have to make sure we are protecting canadian interests in any situation. we continue to engage with the government of saudi arabia. minister of foreign affairs had a long conversation with their foreign minister yesterday and the diplomatic talks continue. francine: for more, let's get to our team on the ground. our russia economy editor joins us from moscow and and reporter from dubai. what do these sanctions mean? turned --e can concerned it will be a repeat of april. >> that is right. the sanctions are

i'm taylor riggs.o "bloomberg markets." ♪ scarlet: we are live and bloomberg report -- wrote headquarters. here are the top stories we are covering on bloomberg and around the world. tesla shares shoring after a lot -- soaring after elon musk says he thinks he is taking his company private. andite trade tensions geopolitical concerns, the s&p 500 within striking distance of a record high. we will take stock of the markets with morgan stanley strategist lisa shalett. a special election today of a battleground state of ohio has president and republicans pulling out all the stops to keep a previously safe seat. we have u.s. markets closing in two hours. let's get a check on where stocks are trading with abigail doolittle. days of greenple all around. the dow up for a third day in a row. the s&p 500 up for a fourth day in a row. the tech heavy nasdaq leading the way relative to those multiple days. on pace for a fifth day in a row, the best streak since the beginning of march. the boulder out after the hea

taylor riggs is joining us to talk about the move in bbva.r: i'm just going to call it bbva for today because i don't have your good accent. it's really interesting. they have some of the biggest exposures to turkey. a third of their pretax profit comes from turkey. 17% of their revenue comes from turkey. we have up high chart showing that so it's the fourth-largest contributor to revenue now from turkey. what we're hearing is not necessarily the lira's impact but more of the worsening of the credit quality that could start to impact their bottom line. they come out with earnings over the next few quarters. currency soign their non-lira bad debt has swelled fivefold to 2.7 billion lira. you are just getting a lot of concerns now about the debt profile. come into my terminal here at gt tv with that spread and how it's impacting markets. it was off about 20% the five-year. 19.4% now. that's the cost to mature against future losses. start of some ripple effects. julie: we will see what credit agencies have to say about what's going on in tu

taylor riggs is here with first word news. ent trump's lawyer, rudy giuliani, casting doubt on whether the president will interview with special investigator robert mueller. he said truth is the truth while discussing why the interview is not a good idea. he says similar questioning could be a perjury trap for the president. it is day three of jury to liberations in the fraud trial of president trump's former campaign manager, paul manafort. prosecutors say manafort hid tens of millions of dollars of foreign income. the defense did not call any witnesses and says the prosecution did not meet its burden of proof. in venezuela, president nicolas maduro testing capacity of the population to face more pain. president maduro carried out up currency devaluation over the weekend by 95%. inflation already forecasted to reach 1,000,000% this year, and this may make it worse. global news 24 hours a day, online and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm taylor riggs. this is blo

joining us is taylor riggs. taylor: interesting. was wrapping up, i wonder if something was said? they were higher because there was fairly good news. there was a study that came out that showed a rare condition that eventually leads to heart failure taking this drug, lowered the risk of dying by 30% after being treated with the drug. this could be another blockbuster medicine for the company, and also give other biotech companies a little bit of competition, and coming with a similar treatment. it was pretty good. pfizer said it was too early to talk about drug pricing. that may be why the stock is lower. but generally happy with the phase three study. sales growth has been bank for pfizer. you are looking at annual sales growth of 2.5% between 2018 and 2020. it has been mixed. focusing on the pipeline growth drugs to really offset the slowing growth and they don't want to have to rely on mergers or acquisitions. again, looking at the pipeline drugs to come in. this is one of a dozen drugs they are looking at to boost sales by $1 b

here with the story is taylor riggs. >> it was incredible.r earnings are up 81%, 421 million estimates versus 13 million estimates. better than expected, total subscribers are seven and $7 million and a lot of that is tender, one of the many platte arms that they own and it really seems to be a hit with the young kids. vonnie: you say that is if you have never heard of it. [laughter] >> let's take a look at and her. , 81cribers at 3.8 million percent growth there for them. that is helping to boost direct revenue. they are launching a few new products as well. for going back here college roots, helping people between the ages of 18 and 22, you are only allowed on their if you are a student. earlier this summer they rolled out a better match to pop up on your screen, more aligned with what you are looking for. a lot of new product rollouts for them. >> they have so many already in the folio areas literally for every demographic. mate a goal is a competitor for them. tender,o have okcupid, they have about 51% of hinge. they might be acquiring so

taylor: and i'm taylor riggs.bloomberg market. ♪ scarlet: we are live in bloomberg world headquarters in new york over the next hour. here are the top stories we are covering on the bloomberg and from around the world. a defiant erdogan. turkish president called on his people to trust in gold as they spiral further into crisis. and the s&p 500 erases a weekly gain that took it within striking distance of an all-time high. and many of the best wall street jobs for women are not on wall street. we explore in today's business of a quality. u.s. markets closing in two hours time. let's get a check on where stocks are trading with emma chandra. it is about what happened in turkey. emma: we are seeing declines across the u.s. major indices as the concern is contagions in turkey, escalating tensions with -- causingending record lows. president or to one spoke on -- resident erdogan spoke on to occasion, but was unable to dissuade concerns. now headed for its worst day in two weeks. this is after we had been looking for a

that is taylor riggs with the stock of the hour. caroline: i am sure she can taken on.a look at whether markets have ended the day, risk on as we saw the chinese markets and shanghai in particular do particularly well. .hat appetite slowing to europe oil and gas and autos outperformed. ftse getting a lift and most stocks higher. down slightly, up .4%. this is bloomberg. ♪ david: i'm david westin. balance ofome to power. here are the top stories. midterm mania, voting underway in five states today. republicans are pulling out all the stops. can the gop hold on to the seats they have held onto three decades. nearly tookan that an incumbent in missouri last ofr, his new bid for mayor kansas city, missouri. president trump says anyone doing business with the islamic republic will not be doing business with america. brendan boyle waves in -- ways in -- weighs in. ♪

the stock of the hour, taylor riggs is back. a are rising as announced a partnership with kylie jenner. ulta has had this amazing run. they ran into difficulties. taylor: this is part of the turnaround strategy. they are facing competition from nordstrom, jcpenney, seeing you -- beauty strategy -- beauty growth. what kylie jenner contribution can bring, an exclusive distribution, the first time she will be in nationwide stores where people can exclusively go to ulta to get kylie jenner cosmetics. goldman sachs came out and said this overshadows the fundamental concerns about a second-quarter sales. and analyst says it is bullish and the second half is a big driver for the shares. vonnie: perfect, she was doing it all online. the definition of a successful startup, build a consumer base. an exit for kylie jenner but will she remain involved? taylor: we do not know many details, including what it is costing them, their same-store sales were slumping and this would be an exclusive deal they would rollout in the fourth quarter but fo

now is taylor riggs. morphology of the trade tension. tariff starting to hit and starting to hurt companies like ford. particularly the focus active, which is a car made in china that they were going to pull over here. we have a quote from the president of a north america division of ford. he came out and said we have to make a judgment call on profitability, we view the focus active, given that tariffs are cost would be higher resulting profitability of the prophet. resources could be better deployed. they were only going to import about 50,000 of the cars back here in the u.s. i think they are cutting their losses. ford is making a conscious effort not to sell small sedans, passenger cars in the u.s. anyways. a lot of it has been focused on the bigger cars and trucks. anding their losses here profitability. we have a chart showing a representation of where the sales are. in the u.s., 45 consistent sales. asian america -- asian pacific, 25% of their sales. it is all dependent on where your plants are. if you have a plant here, you can ma

joining us with more is taylor riggs with our stock of the hour.rprised best buy is still around. their current sales never matter, it is always about future growth and expectations. they are still here and in many cases on the call they were seeing some good things. analysts are having a hard time justifying the evaluation at least today. growth,l about future seeing some earnings per share coming in at 79 or $.84 per quarter. they really wanted $.91. a lot of this comes down to profitability. they are ticking on amazon so a lot of what they are trying to do to get back some of the market share they want is to create a bigger support tech team on the ground. for an annual fee you can go in and get gadgets fixed no matter where you bought it. this is weighing on profitability going forward. a lot of it comes down to same-store sales, that is declining in the future, to an a half and three and a half percent. second quarter sales this -- aboute: shares are down 7%, looks like they got weaker as the day went on. what happened on the conference call?

taylor: i'm taylor riggs.coin boom last month, not a comeback just yet. the number one digital currency just went below $7,000, its lowest level in three weeks. but banks like goldman could offer a boost to fund betting on bitcoin, said to be considering customer offerings for crypto. more from our bloomberg reporter. interesting, offering custody for the funds, but not the funds themselves. so maybe dipping their toes in the water without having to jump headfirst. what is your take? >> they are all taken cautious steps. but if this comes to pass, it could be a significant step forward for the growing universe of crypto funds. crypto buffs will say that they do not need a stamp of approval from mainstream finance, but at this stage they do. scarlet: do we know how far along the planning or strategizing is? is it first inning or fifth inning? whenldman created a stir they hired somebody has their head of digital assets. but throughout the year, right now, he is just famous for his man bun on the trading floor.

taylor riggs is with us. taylor: just meeting expectations is not good enough anymore.behalf we've seen with macy's and some of the other big retailers we've been looking at, the full-year net sales, they were looking at forecasting 22.75 to 23. the analyst estimate was 22.9. they just said, nope, not good enough. it's really interesting. they did actually miss on a few points as well in this current quarter. on the income and operatesing margin, some of the revenue growth, not quite getting to where they wanted it as well. really interesting, as you guys know, there is a dollar tree and family dollar, and they both contribute about 50% of revenue, but family dollar is holding them back a little bit, only contributing about 43% of profit. coming into this, our analyst thought this could be sort of a catalyst for growth in margins. they had some stores remodeled they were working on, but it doesn't seem to be the case, at least in this quarter. vonnie: all right, taylor riggs with our stock of the hour. thank you for that. coming up -- we're going to hear from warren buf

taylor riggs is here with the "first word news." mp is shrugging off the conviction of his former campaign chair and white house lawyer woody giuliani says a guilty plea by the president take a personal attorney has nothing to do with him. it was a blast of bad news for president trump. michael cohen indicated president trump in a crime while pleading guilty to illegal campaign finance charges having paid money -- hush money to a porno actress and a former playboy model. jury convicted paul manafort of eight charges of bank fraud and tax evasion. the u.s. and mexico maybe moving closer to how to -- to forging a new north american free trade agreement. key hurdles still remain. political has reported that there could be a handshake deal with mexico as soon as tomorrow. u.s. national security advisor john bolton says the trump administration has not decided when to release its long-awaited middle east peace plan. bolton wrapped up a three-day visit to israel where he met with benjamin yahoo! -- benjamin netanyahu. global news, 24 hours

i am taylor riggs. jason: i am jason kelly. have an exclusive interview with the ceo of snap. we looked to air france and the turbulence it is experiencing with a new ceo. the coverd

i am taylor riggs. jason: i am jason kelly. we are at bloomberg headquarters in new york. we have an exclusive interview with the ceo of snap. jason: we looked to air france and the turbulence it is experiencing with a new ceo. taylor: first, we take it the look -- we take a look at the u.s.-asia cover. it is all about harley and their request to recover sales.

taylor: live from bloomberg world headquarters i'm taylor riggs. scarlet: i'm scarlet fu. >> 30 minutes from the close of trading in the u.s. stocks are off session lows. scarlet: the question is what'd you miss? a mountpirals into doubt -- meltdown after the turkish president declared his defiance in the face of president trump ordering steel and aluminum tariffs. it is not the thing fault this time. analysts bring the alarm on the sector. and the way the populism sweeps across the global economy. turkey taking another hit. tensions as quitting while the said -- passes the peso. tosident erdogan told turks trust in god. his message failed to stop the bleeding. president trump piled on profits with a tweak valley to double tear offs -- tariffs. should we have seen this coming? itthe rhetoric needs to get more to this is a great place to invest, not so much retribution. we can manage our political issues. there are things -- a lot of things erdogan could be saying to say we are still open for business. we see time and again when a government focuses

i am taylor riggs. julie: and i am julie hyman. eek, we are focused on that hospitality merger and the fight over precious loyalty points. julie: yes, very loyal customers on both sides. we are also looking at the issue of key men risks.

"bloomberg businessweek i am taylor riggs. a lot going on in the magazine.ants to be your one-stop shop for all things protein. >> and tmz's shift from hollywood to washington as it breaks into celebrity politics. withlot going on in turkey

carol: we have more on tesla with taylor riggs. elon musk likes to use twitter. ylor: there is a terminal function that can track all things twitter on the bloomberg. we are tracking twitter sentiment. in the top line, the share price. in blue, the number of tweets that mention tesla. i have positive and negative sentiment. p.m.,y around noon, 1:00 elon musk started tweeting about that he perhaps secured funding. you saw a big rise in the share price. later, itw days started to turn negative -- whether in sentiment, funding was really happening and if there could be an sec inquiry. there was a correlation between the share price and twitter. carol: it shows people love to use twitter to talk about musk. jason: from musk to bezos. we looked at the amazon market share. last year amazon captured about 5% of american retail spending. jason: is that a lot? it depends on how you look at it. the share ofhly total u.s. retail sales that amazon is responsible for, the products that it sells to americans and that its merchant partners sell to americans. 5% of total retail s

you will be staying with us and now a check on the markets over to taylor riggs. taylor: it is interesting. we are seeing a lot of green. we are closing in on the highs on the s&p 500. we are off a little bit closing in on the highs we got in january. and the nasdaq looking to touch a high of 79. the high be reached in january. it feels risk on with health, tech, telecoms higher and other consumer staples. come into my terminal at gtv because we have a way to show the optimism in the market. the cost of hedging, the downside risk is getting the lowest premium going back a year than it is to measure the upside risk. the downside risk fueling the optimism.i went to look at m&a deals and individual deals. rite-aid is one, plunging the most on records. call dr. the deal with albertsons. the pharmacy business is going under a huge transformation. and the tribune sinclair -- sinclair is much lower theory had -- sinclair is much lower. let'sforget earnings -- look at earnings. priceline rebranded itself and has missed on the third-quarter forecast, which is supposed

taylor riggs is here with the "first word news." candidate backed by president trump holds a narrow lead in a special election for congress. several thousand provisional ballots still have to be counted. the race is seen as a test of the president ticky influence ahead of the -- president's influence ahead of the november elections. -- he gave no further explanation but the president with -- after the health and human services secretary told bloomberg they will allow private insurers to bargain over drug prices. china is striking back. beijing is imposing retaliatory tariffs on $16 billion of american products starting august 23. the announcement came hours after it from administration announced they would impose 25% tariffs on $16 billion worth of chinese goods the same day. global news, 24 hours a day, on air and at tick toc on twitter, powered by over 2700 journalists and analysts in more than 120 countries. this is bloomberg. alix: one industry that does stand to lose big in a trade war is the petrochemical one. they said they c