"bloomberg surveillance" continues, guy johnson and tom keene will talk to the indonesian finance minister0 a.m. u.k. time. this is bloomberg. ♪ tom: markets recalibrate, slower economic growth, president trump escalate the trade war? wanting to levy tariffs on all chinese imports, the chinese call it blackmail. equity futures off the announcement they plunge, dow futures down nearly 400 points. yen and dollar are stronger. murderers and thieves and so amonglse, many fears separated families at the mexican border. this is "bloomberg surveillance." i am tom keene and guy johnson is in for francine lacqua the news flow in america is extraordinary. last night, what an escalation in the amount of the terror in the trade war -- tariffs in the trade war. guy: why our markets now reacting? something that is different than before, we have been rapidly ratcheting higher, why does it generate this market reaction? tom: we have a real acceleration and i would suggest going from 50 billion to 200 billion, but also about tariffs. that is the amount of goods, not the size of the tariffs that would come

this is "bloomberg surveillance," i'm tom keene in the new york. london stock exchange did not open on time. that has not happened since henry viii? >> wasn't the same when henry viii was around? , it opened an hour late because of a technical glitch, no details on that. the ftse 100 struggling for direction. we will talk more about that in a secondary let's get the first word news. france has joined germany and warning the u.s. on the verge of the g7 meeting in quebec. signaledmacron has that without major concessions from the u.s. he will not sign the statement that is traditional at the end of the summit. france is looking for process on the global climate accord and iran. china willing to increase imports from the u.s. if the trump administration needs it halfway. the chinese ministry of commerce talksides have detailed on farm in energy products. officials say increases and imports is established strategy. shinzo abe has his own agenda when he meets president trump today at the white house. he wants the president to press north korea next week

on tom keene. girl,e in london, space francine lacqua. we have been watching spacex.out of the 1960's. bring up the imagery. i think we've got george clooney. a replay of the launch. and in with what you matthew saw. francine: it was successful. congratulations to the team that managed to pull this off. we talked about what they are sending into space. i was taken by the fact that they launched a robot helper, and artificial intelligence robot called cimon to the international space station. we were talking about the significance of launching components of the rocket that get reused up to 10 times. tom: rumor has it that they were launching the head coaches of italy and the netherlands into space. willem buiter has not gotten over the netherlands not making it into the world cup. interesting launch. annapolisnews out of leading our news this morning. u.s., police and maryland say a white man in his late 30's is in custody after a rampage at a newspaper office. four journalists and another member of the staff were killed by a man with a shotgun. local police called it

i am tom keene in london. working on a world cup bracket.about england and i am depressed. they are not even in the world cup. .e are doing our brackets we are watching the central bank. i wonder how often mario draghi will have to feel the question -- tom: matt miller in a moment. the real issue is how mario draghi a just and adapts. your morning briefing, your first word news, taylor riggs. trump will confront china strongly on trade in the coming weeks. the president told fox news that china could be a little upset. to announce the final list of tariff targets tomorrow. china is likely to respond. may, a victory for theresa lawmakers rejected proposals by pro-european politicians aimed at blocking the u.k. into the customs union and single market after brexit. mais government did have to give in on one point, parliament will get more say over the final deal. bidding for 21st century fox, $65 billion. disney had agreed to buy some of those assets for $52 billion in stock. the winner will control much of rupert murdoch's empire including ch

tom keene, francine la. francine: i know, tom. united in failure. makes us closer, tom, as a unit.s an outrage. jon ferro.is we were equally lousy. what a fun weekend. i really had a lot of fun with it. jon told me about the highlights, where i can go to youtube and watch 90 seconds of football. francine: my husband watches it. tom: pass, pass, more passing, passing. francine: we try watch it in italian so they go goooooal! tom: let's say this with a data check. futures negative, dow futures negative. what's important is the further flattening, this is a huge deal, 35.85, we show a chart on that here in a bit. out of the next screen, and the v.i.x. showing it. an argentinian peso can't get out of the way. madam lagarde has to be having a view on argentina this week. francine? francine: yeah, i wonder what her bracket is like. i'm looking at my data boorksd i'm doing a lot of geo politics, tom. euro sterling, a little bit weak for both because of the political turmoil, overall thoughts, a lot of markets are concerned about trade, political risks are stacking up in europe, and then o

tom keene is in new york. k at what some of the market and asset classes are doing and we turn onto the trade war and find out what this means for germany. tom: deutsche bank under nine euros per share. i gets my attention. francine: we will have plenty more on deutsche bank. more out is up because bonuses have increased. let's get straight to the bloomberg first word news. here is taylor riggs. president trump has signaled he may take a less confrontational path to curbing chinese investment. trump's comment appeared to align with steve mnuchin's onroach, potentially relying a u.s. committee that scrutinizes foreign acquisitions for national security rests. saudi arabia plans to pump a record amount of crude next month. bloomberg has learned the state oil company wants to produce -- wants to increase production and allied -- in july. press allieswould to cut its import from iran by zero. bloomberg will be speaking with the ceo of bp. eu countries will block any attempt by the u.k. the combined single market me

from bloomberg world headquarters in new york, i am scarlet fu with tom keene and let's get first thoughtstom and michael and we want to welcome our guest host, scott minerd. tom: i think the shift into the micro data that mike is so good to him am giving it because he is expert at micro t press conference.ged the tone mike: i am like emerging markets, pass it to me and it goes up and i'm in trouble. there will be a lot of signals. we have to statement, economic plot, all todot tell us where they think the neutral rate might actually be right now, whether they are going to drop the forward guidance in the statement and what they will do about the balance sheet, not to mention if we have press conferences every quarter, so you have a lot to look for. scarlet: mike gave us a laundry list and what to look for, or does the keeping you are looking for? scott: if they give us a new view of where unemployment should go, and if there is an upgrade in growth, and of t plot, the infamous do are they going to push guidance up? it takes one more moved by the federal reserve member for the upside of th

tom: you want to be in the right bracket. francine: don't follow lacqua or keene. follow ferro. rt. stephanie baker with us in london. for a global briefing on this name, anthony kennedy. i met him a few times he was appointed by ronald reagan but changed over the years. how did justice kennedy change into truly the legend that he is right now? >> well, he was a crucial moderating force on the court at a time when it was becoming increasingly partisan. he was the swing voter in a number of crucial issues. lgbt rights, same-sex marriage wade cially roev. abortion rights. there is why there is some concern about his departure. at will it mean for roe v. wade and other crucial votes that come before the court. tom: the list of candidates, i regret that everybody is in an uproar about conservative versus liberal. i don't see anybody there really bigger, broader, more philosophical like a breyer or a kennedy. everybody seems to be much more narrow. do i have that right? >> yeah, i think you do. he came from another era at a time when you know, u.s. politics wasn't so partisan. he coul

you are coming in today, listen to our col tom keene and jonathan ferro. lisa will be with keene from 7:00 until 10:00. live from new york, this is bloomberg. emma: this is bloomberg daybreak. coming up in the next hour, bob steele, the perella weinberg ceo. now to your bloomberg business flash. analysts say the chinese smartphone giant xiaomi could end up being twice as expensive as apple wanted goes public. morgan stanley says it should trade at a premium because of market share gains and faster growth trajectories. morgan stanley and goldman sachs and the company could trade at more than 30 times is projected earnings, roughly double apple's valuation. the debut of the world's biggest maker of electric car batteries has produced its third billionaire in today's. the chinese company known as catl rose 10% in its second day of trading. that pushed the net worth of shareholders pass the billion dollar mark. the founder and his top aide became billionaires monday. publishers around the world are stepping up the criticism of a new facebook will see. they are

tom keene in new york. let's look at what is trending.ting ties with emirates, find out why saudi arabia is moving forward the plan to turn qatar into an island. and shares at a record low, why deutsche bank cannot shake off their problems. and are most read stories over the past few hours. third place, china cuts the rrr for some banks, loosening policy. in second-place, erdogan with the mandate to govern turkey with a sweeping new powers after a double victory in the vote yesterday. and at top, u.s. treasury department heightening its scrutiny of chinese investment in u.s. industries. now first word news. taylor: president trump has brushed up as demand on immigration policy, same people who have entered illegally should be deported without court hearings or other judicial processes. cannot allowwe people to invade our country. we must immediately with no judges bring them back to where they came from. our system is a mockery to good immigration policy and law and order." european leaders put on a brave face over there differences on ho

keene andgues tom jonathan ferro from 7:00 to 9:00 on the radio and then tom keene and pimm fox from 0. live from new york, this is bloomberg. ♪ ♪ emma: this is bloomberg daybreak. i am emma chandra. coming up in the next hour, tom petri, chairman of the tree partners. this is -- peachtree partners. this is bloomberg. now to your bloomberg business flash. existingd some investors are said to of raised $4.7 billion after the hong kong ipo price at the low end of the marketed range. the smart phone maker priced their shares at 17 hong kong dollars each. the price value of xiaomi is roughly half the company's initial goal. sliding for a fourth straight day and down 70% from its december high. it has been pressured by security concerns, intense regulatory scrutiny, and the hacking of global exchanges. some are comparing this to the dot-com bubble and its first as it gets close to the crash. ray dalio is planning to give some bridgwater staff more ownership over the company as they move to the next phase of their succession plan. this will give staff a greater say in management. >> we are

tom keene joins us from new york and we will have more on the interview with the ubs chairman.lot of the share prices. european stocks, they seem to be keeping the risk rally alive. stocks shrugging off a weak start. asian shares were up and most majors -- major currencies traded in a tight range. ♪ francine: resilient equities, european stocks trade higher after records on wall street with oil housing back, above the $65. minister givesme his maiden speech. in an exclusive interview, the vs give executive -- the ubs tv ecutive says consolidation could reinvent the european banking landscape. this is "bloomberg surveillance." i am francine lacqua with tom keene. economy doing pretty well. the rally in the markets continues. tom: the market is doing quite well, make -- mexican peso with the recent weakness at the stock market is extraordinary. francine: let's get straight to the bloomberg first word news. here is taylor riggs. offor: u.s. not backing north korean sanctions economically and says there has been no change to put maximum pressure on kim jong-un while reparations con

tom keene's joins me out of new york. it will be graced to get his take on these trade wars in the u.s. and china. reminder, daimler is the first european corporation come out saying they have to lower their predictions and forecast because of trade war. we talk about that and brexit, this is bloomberg. francine: counting the cost. daimler cuts its output, the first company to see the u.s. china as a threat to profit. iran softens its stance on any output. we are live in vienna as a group meets. theresa may lives to fight another day. she survives a vote in parliament over her brexit bill. welcome to "bloomberg surveillance." i'm francine lacqua. we look at daimler as the first company in europe citing trade war's. we also look at brexit. tom: the daimler story is interesting. you have to believe there'll be a lot more these coming on. is the idea of china going directly after companies. that is percolating below the trade debate. francine: it certainly is. let's get straight to the bloomberg first word news. >> the chanc

tom keene is always in new york. we are just getting some breaking news.t the currency up in just a second to see if it was expected or not. we look at central bank policy and the limits of the central bank. francine: some of that -- tom: some of that tension, we will to that in the data check. brazilian riau and there not spending -- not working out as well as it is in india. francine: in the meantime, let's get straight to the bloomberg. here is taylor riggs. taylor: next week's summit between president trump and kim jong-un could lost -- could last two days or two minutes. the white house once came to get rido a timetable to of his nuclear arsenal. if it does go well, the president could invite him john on to florida. bloomberg has learned that china has agreed to by $25 billion more of u.s. goods this year, among them, oil, coal, and farm products. meanwhile the chump administration -- meanwhile the --mp administration -- z de zte was cut off for violating a finance agreement. leaving -- thes head of deutsche bank is leaving and the new ceo is scaling

and tom keene, finance, investment, and the relations of washington, the brexit vote of london. his is bloomberg. ♪ ♪ tom: good morning. looking at the terminals, futures up. to london. here is first word news. trump administration ramping up pressure on china, accusing beijing of hijacking international property and pursuing policies that threaten economic and national security. report was released while the u.s. considers another $200 billion of tariffs on chinese goods. president trump hardening his stance on the family separation policy, saying the alternative "s "totally open borders. the president is facing a backlash of both parties. kim jong-un is not in a rush to get rid of his nuclear weapons. he is in beijing to talk with president xi jinping. he is interested in a gradual process. life will be easier now that the u.s. and eurozone are normalizing monetary policy matt miller spoke with him at the ecb form. u.s. is goodne and for us because it has been difficult for us to have significantly higher interest rates than the rest of the world , because we are a small, open

tom keene in new york. at trade and brexit and opec as we're expecting the ministers to finish meeting shortly. our reporters to go in the scrum on the latest of what was decided. tom: like a rugby match there seems to be attention there, not the usual meeting. of course in america there's only one topic this morning and that's the nation's debate on immigration. francine: immigration we'll go through significantly and look at the split in the white house with a great bloomberg story on that. also coming up, the chief investment officer for blackrock and is an expert when it comes to commodities at 5:30 a.m. in new york in 30 minutes from now. let's get straight to the bloomberg news first. sebastian: a split in the trump administration on how to handle the trade fight with china. some white house officials are trying to restart talks with the country before they take effect july 6, setting up a battle with other officials who want to take a harder line. u.s. house republicans account for today's scheduled

as you tune in today, listen to our colleagues tom keene and jonathan ferro.rg surveillance can be boston, washington, d.c., and all across the country. this is bloomberg. ♪ >> this is bloomberg daybreak. coming up on bloomberg markets, gene munster. turn toe are going to wall street beats, were recovered three things wall street is buzzing about this morning. pimco's couple. ushering a new era at pacific investment management, placing the prior one man role. australia's cartel case. heads under aher corruption probe. and rubenstein's forecast. the cofounder of the carlyle group says a slowdown is coming but he doesn't know when it will be or what will cause it. alix: joining us now is jason kelly. let's begin with pimco. this is all part of the bloomberg magazine talking about two people running some kind of investment company. what is the difference between these guys and bill gross? >> this is an absolute must-read. theget such a good sense of men running the firm. of course, the man that david did not say, probably goes unspoken every day inside pimco is b

you can turn on your radio and listen to tom keene and jon ferro.urveillance can be heard in new york, boston, the bay area, all parts of the united states. this is bloomberg. ♪ emma: this is "bloomberg daybreak." hour, an in the next exclusive interview with christophe i they'll -- christophe. now to your bloomberg business flash. bloomberg has learned carl icahn built a small position in the drugmaker, but his -- the size of his stake is not known. they will spin off the women's health and antibiotic divisions. in germany, there is a sign there is an economic slowdown that again at the start of the year and it's getting worse. factory output declined. orders from the eurozone plunged almost 10%. americans have cut the cord when it comes to telephones. a majority of u.s. households are wireless only for their telephone needs. 50 4% of american homes have only wireless phones or mobile phones. fewer than 6% have a line line -- landline phone service. to wall streetow beat where we cover three things wall street is buzzing about. first up, ubs' swiss

tom keene is in the new york. we are out of the euphoria of the trump summit. a little bit about corporate news and this merger going ahead with at&t. tom: the president may be landing in the washington area. he comes back to a fractious washington. a real change in the fed debate yesterday over flat wage growth. brian roberts had an eventful night. after that at&t merger, comcast is the story this morning. francine: that will have an implication on the trump administration. i wonder whether the president touches down in washington and tweets but also has a huge implication for the media landscape. is apprising revelation from the u.s. north korea summit. kim jong-un says president trump promised lift economic sanctions against his regime. president trump did indicate there would be some wiggle room. he said sanctions relief would come before the complete nuclearization of the peninsula. theresa may is searching for a brexit compromise that will keep her government from falling apart. her officials begin work on a key clause in her piece of legislation -- it nee

he spoke to bloomberg tom keene about why he is skeptical about all the interest in the market. >> silicon really into it. this shows that this is not a rational response to new information. it is a social men -- social movement. it is a speculative double. below bitcoin dropped $6,000 for the first time since february over the weekend. it has tumbled this year as regulators step up scrutiny of what critics say is a vehicle for fraud. with great power comes great responsibility. yes, that is the iconic line uttered by spider-man. it was also the title of a congressional hearing on artificial intelligence. where aes at a time quarter of u.s. adults are worried that robots and computers could replace them in their jobs. another 50% are worried about the same thing. our next guest testified at this hearing. its mission, to ensure that ai can coexist with humanity. created aily, it has bots that can compete against human in e-sports gaming. welcome to the show. we will get to video games and a moment. i want to talk about what you are telling congress. are we headed towards that apocalyptic fu

tom keene joins us out of new york. be talking to john norman and rupert harrison from blackrock. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed that's why retailers across multiple locations.ss every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. francine: trade showdown. president trump is set for a clash with america's allies. the e.u., china, and canada threatened to retaliate. the final hurdle. italy's populist government prepares for a confidence vote in parliament. george soros warns the country could be on track for fresh elections. the turkish lira advances after a jump in inflation. markets look to the prospect of another rate hike. is is bloomberg surveillance. i'm francine lacqua in lond

guy: guy johnson london, tom keene in new york.what is trending across the bloomberg universe. the maker object daniels has said it will have to raise prices for american whiskey gold -- sold in the eu following the implementation of tariffs. our most read story on the bloomberg terminal over the last president the chinese vowing to match donald trump blow for blow. hasecond place, trump accused harley davidson of waving the white flag as a manufacturer says it will relocate service production outside the u.s. white house trade adviser peter navarro seeking to ease investor concern on trade policy, indicating a treasury report on foreign investment wouldn't be as sweeping sing -- sweeping as markets seem to be pricing in. let's get a "first word news" update. growing concern about the country's resilience to a trade war with the u.s.. the shanghai composite index fell one half of 1% at the close, taking its lawson's the january hike to more than 20%. president trump has accused harley davidson of surrendering in his bidding trade w

tom keene in new york. means for investors around the world and what it means for insurance and reinsurance companies and asset managers. let's get back to nigel wilson, legal and general group executive officer. i have a chart on negative rates. do you have a chart? old school, tom is on it. central banks, is it time for them to normalize? because of what has been happening since the financial crisis. made 2.3st year we billion in profit. the signal has been very good. we have been investing in the real economy and real rates of return.the investment on government bonds across the world are very risk-averse. we need to get people investing in the real economy again. if that happens, you get young people back to work, pay them more money, and you get people buying into the political and economic system, which should be delivering great results for everyone, but at the moment it is not. had mr. greco, we in from zurich financial. i'm sure they are a good competitor of yours. assumptiontual changed? as an ins

haslinda amin is in singapore and tom keene is in new york.hat is churning across the bloomberg universe. is a bigerg.com, there sporting event beginning this week. cupook ahead to the world and our most read stories on the bloomberg terminal in the last few hours -- german chancellor angelakel sa she favors a u.s. russia summit. second place, cryptocurrency loses $43 billion and the top italian bonds jumping. --'s not get word -- net let's now get more. taylor: angela merkel is trying to push global diplomacy forward after the g7 summit. she says she supports the idea of a summit between president trump and vladimir putin. german tv the president was not entirely wrong in pressing germany to increase defense spending. the leaders of china and pressure are cementing the rise of an asian security block. xius paying and vladimir -- and vladimir putin -- the president of china criticized new forms of unilateralism and protectionism. in switzerland, voters overwhelmingly rejected a proposal to radically change the way banks lend money. the measure

of thely because potential for leaving the eu. >> that was tom keene in.ap those may jobs numbers. unemployment rates 3.8%, year over year. only negative. it eased a little bit but it is hard to find a negative. coming up we will talk with a ceo about what he is doing with hiring. patrick doyle will join us. this is bloomberg. >> this is bloomberg daybreak. on bloomberger markets, an exclusive interview with the your group president and minister of finance. >> jobs right. if you were shorting bonds you are feeling pretty good right now. a better than expected number. .nemployment rate drops 2.7%. sure the treasury market, if you are doing it you are feeling happy right now. >> we were actually selling off in this. us ofent trump's pizza the numbers may be good. the trends may continue at a reasonable pace. is fact that we bounced back a positive sign. they're are likely to be on the same path. inside, the line moving back up to 3.2. the yellow line, moving a little bit higher. >> that would be three total hikes. , this is whatant the bond number is worryin

. >> alan greenspan was recently here at bloomberg talking to tom keene and explained the reason it doesn'tn predictor is because of productivity. at the end of a cycle, when it is hard to find workers, that is when it makes sense for companies to invest in technology, and you get terrific productivity growth that allows company -- companies to do more with fewer people. it worked then. he is confident it will work now. we will haveutely, this experiment whether we want to or not. the unemployment rate is low. joe: we think of productivity often in the discussion as being, maybe sometimes something like the internet coming along and we get more productive, then we wait for the next big thing. as you describe it, it is cyclical. imp how mainstream you think that view is, that unemployment predictableity is in the cycle as companies invest. --: i can tell you >> i can tell you john williams, i saw him answer a question about this, has no faith in it. he says my productivity forecast is a trailing five-year average. the issue is, macroeconomists don't have any way to model productivity, but mi

i will be joining tom keene later on this morning.antime, i am going to london dab digital. matt miller? matt: i will stay here on bloomberg television until you get back. mention.tory i want to we have been covering the bmw story. the company joined a chorus, a rising chorus of businesses warning they will have to pull back on investment in the u k if a brexit deal isn't reached that can ensure goods can flow freely to the eu. makes sense. bmw said the ongoing uncertainty -- i am quoting directly -- surrounding brexit negotiations is not help all when it comes to businessng-term decision. the lack of clarity remains a cause for concern. they said this because an interview with their customs came out and said the carmaker would be forced to rethink the production of rolls-royce cars, of bmw parts if engines and of minis there is no deal. now, what we have is an executive coming out and saying no, that is not the case. ian robertson is on the board and coming out as saying bmw is not considering moving production out of the u.k.. a lit

then she will be joined by tom keene who continues the debate for opec output expansion actually meansce weekend in london. this is bloomberg. ♪ two, down, back up! our phones are more than just phones. they're pocket-sized personal trainers. last minute gift finders. [phone voice] destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet which could save you $400 or more a year. it's a new kind of network designed to save you money. click, call, or visit a store today. opec decides to boost products and despite strong opposition from iran. the trump administration is split over whether to restart trade talks with china. and airbus threatens to pull their u.k. investments in the event of a no deal brexit. welcome to "bloomberg surveillance." let's check in on the markets. here is what i am looking at for

and you can listen to tom keene and jon ferro.lance can be heard in new york, boston, and across the united states on sirius xm. this is bloomberg. ♪ >> this is bloomberg daybreak. weinstein wille be talking to erik schatzker. alix: bill ackman is trying to revise it using his gains. jason kelly for global television, can you walk me through the logistics? most read story on the terminal. it is about bill ackman. and real estate. do, there aiming to is technical stuff going on here. the net asset value has a wide delta to the stock price. ackman has been trying to make that up, essentially. , the fundews for him is doing better. he has also been successful as a real estate investor in philadelphia. outside the fund. he is essentially using that asset to borrow money to buy back shares in this to get back. david: to raise the price. >> exactly. david: he thinks it is a better deal. >> that is exactly right. this is where investors are always asking, what is your stake in this? you are a smart manager. >> he is no different from jam

we begin team coverage, i am francine lacqua in london, tom keene is in new york. theinda, it was extensive, president seemed to be enjoying his time in the podium. we need concrete steps, what did you take away? francine, we were short on details before the press conference, still short on details, no roadmap for when this would happen, he said it is too short for them to come to any conclusions or decisions but teams from both sides will wor gether. there is a shat it is more a victory for north korea. north korea really wanted to stop the war games, also also a sense that this was a win for kim jong-un. he is managed to meet the president, something his grandfather and his father wanted to but failed. of it is a sense legitimizing his leadership, his position as a global leader. we are seeing immediate reaction from nuclear and korean experts and they have been disappointed. they say there has been zero practical value. it is swampy or than what we expected. from robert kelly, this is it? this is depressing. that trump could have got missiles, but that did not h

as you commute in, you can turn on your radio and listen to tom keene and jonathan ferro from 7:00 toand pimm fox joins tom from 9:00 to 10:00. "bloomberg surveillance" can be heard in new york, boston, the bay area, washington, d.c., and all across the united states on sirius xm radio. live from new york, this is bloomberg. ♪ >> i am emma chandra here in the hewlett-packard greenroom. ming up, the ceo of trading system iex. investors are betting on rising demands for new energy cars. shares of the world's largest electrical maker batteries. it rose by the maximum 44%. apec's partners may make a partner -- may make a offer for a private equity firm, the proposal was rejected last month. x has until july 8 to make a firm offer or walk away. prosecutors in germany have ceo as- have added audi a suspect in the diesel problem. it now covers 20 people, investigated for fraud and for fall supplying of public documents. that is your bloomberg business flash. david: we turn to wall street be, were we cover three things. the next big deal the , kkr will buy envision health care for $5.7 billio

today, you can tune in to our colleagues, tom keene and jon ferro, in new york.fox joins the conversation. "bloomberg surveillance" can be heard in new york, boston, the bay area, washington, and on sirius xm. ♪ ♪ >> this is "bloomberg daybreak." coming up, carlos gutierrez, former commerce secretary a national trade council chair. ♪ >> now to your bloomberg business flash. private equity firm cerberus capital is close to a deal to buy worldwide flight services. bloomberg has learned the company could be valued at about $1.4 billion. worldwide flight services is owned by another private equity firm. has agreed toer buy arizona mining for $1.3 billion. flagship project in the u.s. and has a 50% premium. it was a record-breaking weekend for disney at the box office. "incredible's 2:" had the best ever opening for an animated film, taking away some of the sting from their last "star wars" movie, which underperformed. and that's your bloomberg business flash. alix: i was so excited for "incredible 2," i can't even tell you. [laughter] alix: we have some breaking news

and you can tune into her colleagues tom keene and jonathan ferro.lisa abramowicz will be joining from 9:00 a.m. until 10 a clock a.m. -- 10:00 a.m. this is bloomberg. ♪ emma: this is "bloomberg daybreak." coming up, the former u.s. ambassador to china, gary locke. ♪ now to your bloomberg business flash. qualcomm has cleared the last hurdle for its takeover of the chipmaker. bloomberg has led the chinese regulators have okayed the deal. means they can lessen dependence on slower markets for smartphones. and bring in the pressure to rebels who want to -- racking up his 10th quarter of growth. it has been turned into one of the most reliable performers by cutting costs and prices. and shares rising to a record high in the largest i.t. company. almost $2.4 billion of shares for a buyback, representing 2% of the equity capital. now up 34% this year for tata. alix: thank you. we are turning to the businessweek beat, where we look at stories featured in the latest issue of business week. first up, the land of opportunity. investors looking at the untapped

tom keene and jonferro on from 7:00 until 9:00. tom fromis on with 9:00 until 10:00.s "bloomberg daybreak." coming up later on "bloomberg markets," an exclusive interview. jason mudrick. general motors is ignoring ll forent trump's ca u.s. jobs. they plan to build the new chevy blazer in mexico. intel is now in the midst of the worst leadership crisis in its history. the chipmaker ousted the ceo for an inappropriate workplace relationship. during his five-year tenure, he upended the mentoring approach and pushed out several internal leaders. that may force intel to look outside for a permanent successor. says anyavian bank money manager serious about ethical investing should shop facebook. the social network was unresponsive to questions about the cambridge analytica scandal. facebook has not responded to a request for comment. that is your bloomberg business flash. alix: thank you so much. goldman sachs is trying to close the gender gap and they are putting some money behind it. men made 36 times as much money last year, while women received just 2% of u.s. venture c

you can turn on your radio to hear our colleagues tom keene.n new york, boston, the bay area, washington, d.c., and all across the united states on sirius xm radio. live from new york, this is bloomberg. ♪ ♪ alix: this is "bloomberg daybreak: americas." i am in the hewlett-packard enterprise greenroom. coming up later today, representative kevin cramer, republican congressman from north dakota. this is bloomberg. ♪ alix: emerging markets hurt as trade fears take up -- tick up. he will spend the week looking at countries that in addition to the macro, have unique issues to define the problem and find opportunity. today our focus is the argentina -- is argentina. the argentinian peso continues to slide following a deal with the imf. joining us now is patrick gillespie, bloomberg reporter. how did we go from that to a bailout of the imf? argentina got hit by a perfect storm of volatility, rising interest rates, the rising dollar, and there was a growing concern about the central banks credibility. there were concerns about argentina's fiscal defic

turn on the radio to listen to tom keene and jon ferro and then pimm fox from 9:00 to 10:00. bloomberg. ♪ emma: this is "bloomberg daybreak." emma chandra. coming up, nathan sheets. this is bloomberg. now to your bloomberg business flash. bp is to buy charge master, the u.k.'s biggest electric vehicle -- there will be 12 million electric vehicles on the u.k.'s roads by 2040. chargingster has 6500 points across the country. apple is said to have landed a second supply of the led screens used in high end iphones. the lg display will supply between 2 million and 4 million units. that is small relative to all iphone sales, but it will -- messagingainst service is opening a cryptocurrency exchange in singapore. it will be available in 15 languages excluding japan and the u.s. it will offer trading in virtual coins including bitcoin and ethereum. that is your bloomberg business flash. alix: we turn now to wall street beat where we cover three things wall street is buzzing about. goldman's expensive malaysian lunch. investigators turn their attention to a 2012 lunch meeting involvin

latest on how to -- david: as you head in on your commute you can turn on your radio and listen to tom keene:00. bloomberg surveillance can be heard in new york, boston and across the united states on serious xm radio -- on sirius xm radio. ♪ emma: this is bloomberg daybreak. coming up later, balance of power. republican representative reinke cello of pennsylvania -- ryan can cello of pennsylvania. t's a report that two orope's b considering a merger. talks between unicredit and socgen are underway. unicredit is not commenting. buyer will close its megadeal with monsanto this week. they will raise up to $30 billion to help fund its transformation into the world's biggest maker of seeds and agricultural chemicals. financing was one of the last hurdles to completing the takeover. the trump administration is set to announce a compromise policy on biofuel today. the plan will try to take down costs for refiners in the use of fuel made from coal. oil holding some losses after opec and other producers met this weekend to discuss possible disruptions and adding more oil to t market. here is a state

if you listen to the radio, listen to tom keene and jonathan ferro and then pimm fox is on from 9:00 this ism new york, bloomberg. ♪ bloomberg. ♪ emma: this is "bloomberg daybreak." the next hour, senator rob portman, republican from ohio and former u.s. trade representative. this is bloomberg. alix: we turn to wall street beat, we cover three things wall street is talking about. fund managers see a cliff. -- well-known hedge managers and deutsche bank's morale morale booster. employee commitment is back to level seen in 2017 and the biggest family fortune, not mine. bloomberg wealth released to the list of the 25 richest families who control, $1.5 trillion of wealth. david: i think you meant yet. $1x: like i am this close to billion. that is nice. david: joining us is jason kelly, the executive editor for global television. good morning. managers, well known, should be in europe. greg coffee and russell clark. >> neither is great although probably -- if investors had their way, they would prefer the tech bubble to the great recession. it is interesting as people start to deal more p

and as you commute, turn on the radio and listen to tom keene and jonathan ferro.n be heard all across the net states on sirius xm radio -- the united states on sirius xm radio. this is bloomberg. ♪ the viceing up, salina --f the paulson is the tip. shares of harley davidson falling premarket after the company says tariffs on motorcycles have risen to 31% from 6%. they extended tariffs, which came in response to u.s. tariffs on steel and aluminum, took effect on june 22. harley davidson will shift production overseas. and revealing huge losses in addition to strong growth when it found for a hong kong ipo. the company looking to raise $6 billion in funds to better compete in finance and travel. filing, some say, is a rise of technology strength in hong kong, in contention with the u.s. south africa planning a switch to digital tv by the end of 2019. the committee cases minister says the 20 year broadcasting policy will be formatted -- submitted to the parliament. they are looking for ways to include small operations in the market. south africa will also introduce d

tom keene joins me shortly. we have another two hours of surveillance.gh brexit, tariffs, and trade. this is bloomberg. ♪ what's a gig of data? well, it's a whole day's worth of love songs. 300 minutes of baby videos. or, it's a million chat messages. a gig goes a long way. that's why xfinity mobile lets you pay for data one gig at a time. and with millions of wifi hotspots included, you'll pay less for data. it's a new kind of network designed to save you money. click, call or visit a store today. francine: trumps green light. the president has completed a second list of tariffs on chinese goods. beijing says all trade deals are off if this becomes a reality. the bank of japan downgrades its inflation forecast, falling further behind the fed and the ecb. argentina appoints a new central bank governor after its currency plummets to a record low. good morning. this is "bloomberg surveillance." i'm francine lacqua in london. there are reports if it is $50 billion or $100 billion but the chinese are ready to retaliate. tom: this is on $50 billion of goods.

bloomberg surveillance continues in the next hour, tom keene joins me in new york.aking to a chief investment officer. these are your markets, there seems to be more of a risk. on g7, that's the main focus, and then the meetings on south korea. francine: trump lashes out. the u.s. president accuses canada and france of unfair trade practices at the g7 summit in quebec. is said bank's chairman to resurrect the idea of merging with commerzbank. will the deal snap the lender out of its self-professed vicious circle. former fed chair ben bernanke says the u.s. economy could face a slow down in 2020 as trumps stimulus fades. this is "bloomberg surveillance." we have to talk about the g7. much worse than expected economic data out of germany. and the wily e coyote moment. it was a cartoon where you see a cartoon a -- a coyote running after a road runner and he falls on his back. tom: we will see which warner bros. character comes to the rescue. this g7 meeting is front and center. it is extraordinary what has gone on in the last 24 hours. i have no idea what we will see t

are arriving in droves a scientist keen to take a look at the new pilot project for local hotels they represent a business opportunity. as foster ism is concerned. tom plans will be a go and we're seeing a lot more visitors for example. they bring foreign currency into the country and the hospitality business with. the power plant operators will be sending more stuff to make a ball in future plans around the way to expand the facility so that its capacity will have quadrupled by twenty nine teams. and locals are hoping that in the long run the reduction in methane will also help replenish fish stocks. sharon did you know that if we continue to pollute the oceans our current levels by twenty fifty there might be more prosecuting them than patients. yes mt and it's not just fish that are under threat other wildlife like sea bads are also at risk from plastic pollution the palace for the oceans initiative is doing its bit to raise awareness by showing how al buttresses are suffering due to the plastic waste in our oceans. the remote pacific island of midway is home to the majestic liason albatross us artist chris jordan and his team filmed these beauti

tom: clearly beijing is clear to see -- clearly beijing wants to see a dialing down of tensions between north korea and the u.s. and may be very keendrawdown in u.s. troops on the south korean border with north korea. 38,000 u.s. troops on the border. of course, any weakening of ties between south korea and washington would be seen as a benefit in terms of the influence china can wield over the korean peninsula. there are risks, of course.we w. risks around whether or not kim gets so close to washington on the back of these talks that it starts to make china feel uncomfortable. they do want to maintain that influence in this region, so that is something they're looking out for. longer-term, they are looking at the economic possibilities. we have been talking around that with one of the guests in north korea, but it really infrastructure and opening trade flows. a number of issues china will be monitoring very carefully. we had a comment from the official state run news agency of china, warning there was going to be a bumpy ride in these conversations going forward and saying that both sides, north korea and washington, should conti