first off, guy was talking about tesco yesterday.coming put out store sales that were up by .3%, rather than the .2% they were expecting. it is a small and marginal being, but every little bit helps. the stock had taken a big hit, nown by 1/3 since april, o concerns that the price cuts will hurt profitability. the cdc is recommending against flu mist.azeniceca's they said they have got to consider the fact that they will have declining sales because of that. volkswagen is actually gaining right now. hasvolkswagen brand head put out a statement. this means to be a bureaucratic thing. they have to wait until the investigations are finished before they can sign off on the actions of those executives. guy? guy: mr. miller is making jokes u.k.t you creat supermarkets. now i have seen it all. let's focus on the french economy. the data again, coming through weak. manufacturing, 47.9 with the forecast 48.7. , 49.9s services pmi with a forecast of 51.6. the french economy is not pulling out and you wonder if there is this option of massive f

these are the shares of sainz very -- sainsbury and tesco.tepping down pending completion of the acquisition, which should be finished in the third quarter. look at the shares of 2016, down by 8%. tesco down by 29% this year. the corporate news doesn't in there. yes. at page group and ha they have been cut from cell to hold. they don't believe that stopping stocks will continue to fall on earnings downgrades. see a much worse outcome in 2017. too early to look through the downgrades and pass the structural issues. today, they are now and that i use he was the worst decliner. this is an intraday chart falling over 6%. money moving into the fixed income market with the yields on the u.k. 10-year and the german 10-year at record lows. sterling is on track word second weekly decline against the dollar. that is pound/dollar going to 2011. sterling that matters, volatility, implied volatility, measuring expected swings has sixthfor the consecutive week, the longest run since february. we are up to the highest level 2009. sterling volatility, climbi

headlinesour tesco's -- those are your tesco's headlines coming in.nstated its waiver on greek banks using the country's junk rated that's. debts. rated ecb said it would examine versus of greek bonds under the tv program. that will come -- under the qe program. that will come at a later stage. purchasing managers and index at 90 like a.m. london time. peter elston is the cio of seleka investment management. -- seleka investment management. when we hear that greek banks are able to take their bonds and get cash from the ecb, this is a significant turning point in the greek story, isn't it? peter: absolutely. it is certainly on the face of it, it is a fairly imprudent thing to do, to allow greek debt to be used as collateral. it does have a positive affect on what greek banks are able to do. it has a positive effect on confidence more broadly. it helps generally to support the case, believing europe continues to recover, albeit at a fairly low rate. that is the future of economies everywhere. anna: mentioning the recovery of the european economy and ho

and the tesco growing for the second quarter in a row. and stateside t sit-in in the house of representatives rolls on as democrats demand a vote on gun control legislation. >> good morning everybody. and welcome to "street signs." it is an exciting day today. we're getting some live pictures through from the polling stations in london. you are looking at one of them right here. so a small flow of people. polls across the country now open for voting in the eureferendueu referendum. tomorrow no doubt is going to be very very interesting. our coverage tomorrow very focused on the results. moments ago prime minister david cameron cast his vote in london along with his wife samantha cameron. that was just a little while ago arriving to cast their votes. and checking in on the market moves we're seeing today. sterling at the moment just edging higher by .3, almost .4 against the greenback. that is what we're seeing with regards to cable. the pound hitting its highest level this year overnight. and looking at the european stock markets today as

i want to pull out tesco.me out with same-store .3%s, up three -- up compared to estimates of .2%. a back-to-back gain in same-store sales. they haven't seen that in five years. investors are extremely optimistic. the stock is up 3.3%. the stock has taken a hit, if you take a look you to date. tesco had taken a hit in april and just started to come down, because investment concerned about the profitability. since the beginning of the year, up 11% including today's games. -- today's gain. it is doing better in the trade today. francine: thank you so much. matt miller with the latest on the bloomberg terminal. the u.s.len says central bank will not be joining the subzero rate club. -- thee interest negative interest rate debate, we're joined by mark gilbert. we have you on every couple of hours, every couple of days. you wrote a piece on the bloomberg terminal. saying qe has not worked. the only shocked the system is you raise rates. feedback.t a bunch of when they raise rates in december, they said there are fo

. >> tesco has cree agreed to sell its take. britain's biggest retailer also announced plans to sell its giraffe restaurant chain. sale includes 54 stand alone restaurants and three restaurants within tesco stores. sticking with the sector. seanceberainsbursainsbury. >>> euro 2016 kicks off tonight. most will be looking forward to the football. others focused on security. >> it is one of the biggest sporting events france has ever seen. more than 2.5 million ticketholders are expected to attend the european football championships which begin on friday. millions more tourists are expected to travel to the country during the month long tournament but the championships come at a time when the country is at a state of emergency amid heightened terror fears. more than 90,000 security personnel will be on hand. that includes more than 42,000 policemen and 10,000 showoldier. before each match officials are expected to prepare a threat assessment and stadiums will be patrolled by government forces. one of the count rice largest fan zwoo

this is the tesco share price versus the 12 analyst target price. it diverged, it converts to. -- converged. big story today, scandinavia's biggest bank had its recommendation cut to neutral from overweight, pointing to to turnthat it may have to markets to raise regulatory capital for underestimating the risk in its corporate loan back -- loan book. is rejectedordea reports -- big news for greece today, the the waiver ong greek debt. that allows the nation back to the sector to axis cheaper financing, such as these new four-year loans which will be available. the yield on the 10-year is falling today. the yield on the two-year is falling today as well. vonnie: let's check in on the bloomberg first word news. taylor riggs has more from our new york newsroom. taylor: u.k. citizens today are voting in a referendum on the country's citizenship in the eu. u.k. law prevents us from reporting or discussion and analysis on referendum issues while polls are open. but we will be following all the action as the results come in. police say there is a threat si

on the upside is going to be tesco. it could rise to 2%.den center, about 35 spread across the united kingdom, earning 217 million pounds. this is a strategy. it focused on becoming a better growth center, squeezing off a number of its assets overall. they have been selling off those peripheral assets as of late. it offsets and gets rid of w garden center. another one is ericsson. could this fall of two per desk at this fall to 2% -- could this fall to 2%. u.s. department of justice and the sec are investigating ericsson. suspicion of corruption is what is being cited my unidentified sources. they respond and say it is cooperating with authorities. since 2013 -- maybe not that much of a shock market reaction. this is a chart that takes you back to 2013 when perhaps this was first announced by ericsson. indeed.nk you so much caroline giving you the stocks we need to be paying attention to. under performance and the london market. european stocks look like they're going to open around 1% higher at the opened. -- at the open. that is next. ♪ g

. : tesco reported a second straight quarter of domestic sales growth, the first time it has happeneds ceo has been trying to win back unhappy shoppers by offering lower prices and better service. drivers in the u.s. are burning gasoline at a record pace. they are taking advantage of the lowest prices at the pump in more than a decade. consumption is up 4% from a year ago. the average retail price has fallen 17%. twitter is closing in on deals to stream more live events. gamesles on pro football in twitter have been better than expected. that is your bloomberg business flash. tom: thank you so much. greatly appreciate it. paul sweeney with us. he has built bloomberg intelligence. it is a smart set of industry coverage. mr. sweeney has looked at the media business for a few years here. we talked disney, which is about espn, which is about twitter. emma just mentioned twitter. they are going to live stream football. how big a threat is that to the cash cow that is pro football? paul: it is interesting. the nfl manages their rights better than any sports organization. they like to parcel

tesco has agreed to sell a chain for $309 million. the buy sear group led by mid leavian capital.esco has been trying to revive its main supermarket business. that's the bloomberg business flash. francine: thank you so much. this is what we heard from japan, the d.o.j. not doing much. i know we heard earlier on. he tried to verbally intervene in yen. that weakening of the yen is short-lived. brian fowler is the managing editor for bloomberg news, and he johns us now from tokyo. brian, was it a mistake from d.o.j. not to do much? we saw yen strengthening overall. >> yeah, i think it was more a case where the b.o.j. realized there wasn't a lot it could do. with the brexit hanging over the market, i think they realized that any sort of yen weakening would have disappeared very quick al mid all the safe haven flows that are going into yen assets. francine: brian, he was basically saying he wanted coordination with his counter part. will that come, or is the best they can hope is that if they intervene, they won't be scolded for it? brian: he and his counter part, the common thread tod

of massachusetts, senator tim kaine of virginia a battle ground state, and housing secretary julian tesco of texas. >>> putting the bug sprays to the test. which stands up to the zika virus the best? >> and chewbacca mom is making sure he will live on your mantle for years to come. >>> how cool is that? the sheet on now and the alert that you need to know about. >>> our hot spot in the traffic center is out of the altamont pass. details coming up. ,, (upbeat music) - [voiceover] you are san francisco. we've been with you from the beginning. we've seen each other through good times and bad. sickness and health. we're with you san francisco, and you bring out the best in us. care. zuckerberg san francisco general hospital and trauma center. >>> 5:13. good morning, everybody. stop what you are doing and take a look and thank you to our photojournalist who is providing us with a beautiful view of the bay bridge and skies. we have another day in the bay where temperatures will soar into the triple digits. details coming up in about 4 minutes from now. >>> new details about the deadly plane cra

meanwhile shares in tesco as it continues with the asset selloff.ky news reports it's planning to offload kipa stores. it's part of a long-term strategy to refocus on its core uk business and pay down debt. >>> erste shares going down lower after uniqa sells. if have any questions for kully or me, send your questions streetsigns@cnbc.com. or tweet me correctly, i'll put those questions to kully or try to answer them myself. we have to take a quick break. donald trump aimed at bernie sanders. hillary clinton relished her victory in a historic night with victory. >> thanks to you, we've reached a milestone. the first time -- the first time in our nation's history that a woman will be able a major party's nominee for president of the united states. >>> what really happens if we leave? of course, we still want to sell into that single market. we have to have the rules and regulations that brussels lays down but we won't be at the table. we'll be like a country with our ear and face pressed up against the glass trying to figure out what's happening with

tesco is pulling out of turkey. they are dumping the majority stake at a huge discount. grocery chain is selling its 95% stake for $43 million. the market value of the company's 861 billion. is $861 million. scarlet: we provide context and background on interest. is a major contributor to global warming. it's also cheap and abundant. -- has helpede lift millions out of poverty. that accounts for 30% of world energy consumption. consumes the most. consumption fell by 1%. that is the largest drop since they began at keeping records. burning coal emits twice as much carbon dioxide as natural gas. air pollution may reduce the global economy by 1%. tighter environmental regulation is one factor that is making coal mining uncomfortable and unprofitable. peabody energy filed for bankruptcy. eight other producers did the same. here is the background. coal has always been controversial. it was banned in london in 1306. coal powered the industrial revolution. it shrouded london in fog. argument, us to the almost 200 countries want to limit global warming. the european union is hel

john allen is still with us in the studio, chairman of tesco. involved in many businesses over the years and some of them have had a real european footprint just in terms of logistics. you must have some experience in brussels. given serious thoughts on how much -- how much does this tell us about the reality >? >> there are myths that you can only sell bananas and bunches of three, which anyone who shops and supermarkets knows is nonsense. i think brussels has gotten more sensible, more modest. i think the u.k. has played an important part of, but not just the u.k.. stayingting thing about is that this is an institution in need of reform, but there is a growing consensus among many governments in europe about the need to reform. if we stay we could play an important role in continuing the process of reform. it's a long way from perfect but it's better than it was and it has certainly helped been beneficial to u.k. business. the phrase heefraying yo used -- being part of the reform agenda. we will have a very much weakened and fractional as gove

the 2.4 billion euro for the aviation state and shares in five years -- lufthansa going lower and tescown 7/10 of 1%. matt, some breaking news? matt: yeah. bund yields are hitting another low, the same story across global government debt. take a look at what we see -- i'll zoom in here on this trade. right now we are down to zero point 02%. -- 0.02%. that will be an all-time record low return for lending your money to the german government. we have had a number of records here, an all-time low for jgb in japan, an all-time low in england as well, so guy, it is shaping up not only to be the story of the day, but the story of the decade. guy: multi-decade,. in some ways we have a meeting -- multi-decade, in some ways. we have a meeting in frankfurt, the bundesbank spring meeting. the head of the institution is giving a few comments. let me run you through the details. we saw some interesting stuff out of draghi so let me put some of these up. he is saying that the euro area has a lot to go on fiscal policy the, and that's an interesting the is that seems to be movement toward the idea tha

you were on the board of tesco. polarity of the united kingdom society is evident as we go to the vote on thursday. how are the elites doing? john: i have done business on every continent in the world. lashes to show that i am an entrepreneur because i created a science tech business in 2010. , have done it from all angles and my view is that the european project is a political project sideline, andic the truth of the matter is that they are incapable -- tom:'s brussels a political project with little idea of economic growth? davide: i think brussels was born as a medical product -- as a political project. we realized it was a lose-lose. the key debate is i think england since 2008 had a 6% current account deficit. we are still paying that deficit. view, we are getting about 66 million in investment from the eu countries every day. fiscal need a cohesiveness in europe, according to davide. is that enough for you to switch your view? john: there is massive unemployment in southern europe. is any believes that trade l

dave lewis has been trying to win back happy shoppers by offering lower prices and better service at tescold trump will interrupt his campaign with a quick trip to scotland. trump had promised to create thousands of new jobs. he now employees 150 people at the resorts, but that is a fraction of his initial pledge. twitter is closing in on deals to stray more live events, everything from sporting events to political debates. on twitter this fall have been better than expected. twitter will show 10 nfl games for free. deals for other live events will be announced within weeks. bloomberg now for a quick take where we provide context and background on issues of interest. rep in your mind around china's economy is no small task. in fact, it is huge. second-largest's and is changing fast. the lack of transparency over economic data is coming to a head. can china change the image of its statistics? china's national bureau of statistics cobbles together data from many sources whose reliability is difficult to ascertain. the result can be eccentric. they reported gross domestic product of 2015 at $

tesco had been trying to revive its main supervisor business.rg business flash." david: let's go to bloomberg's abigail doolittle on stocks that are moving in early trading. looking at are weaker open. shares of apple are down 1.4%, although off of the lows to some degree. first, china did order apple to stop selling the iphone 6 and iphone 6 plus in beijing on a patent infringement issue. secondly, price targets were lowered. bearish news on apple, shares down about 8% this year. trading higher are shares of smith and wesson, up 8.6% after the gun maker raised its outlook for the fiscal first quarter. tops017 forecast now estimates. shares have been upgraded. there is a 15% bearish shortage. some of the strength could be short. those are two stocks moving here at the nasdaq. alix: we are watching viacom. shares are higher as sumner redstone is reasserting his controlling stake in viacom, setting the stage for the really -- the removal of philippe dauman. alex sherman and troy gayeski. i heard tom keene compare this to "game of thrones." can you

restoration hardware has been a real tesco or this company. housing numbers out today, some may think the stock is in the past. let's take a look at this. happening right now, the nba champion in the first of three and 52 years on the way right now. whether you're a basketball fan or lebron fans come you must tip your hat and a well-deserved break going on right now. i want to get back to the donald trumps beach. huge speech. we've got some of the highlights for the audience to share it. roll tape. >> she's a world-class liar. look at her pathetic e-mail server statements. hillary clinton has perfected the politics, the personal profit in the event that. thousands of lives. in trillions of dollars. and unleashed ices across the world. the secretary of state has been more wrong. they almost single-handedly destabilized the entire middle east. clinton has opened a pandora's box of radical islam. her leadership style, volcanic impulses. of the rules.the rules. impulses. disdainful of the rules. hillary clinton may be the most corrupt person ever