farage is the former leader of the u-k independence party... which fought for "brexit".. a referendum in which the u-k left the european union./// ((dave courvoisier)) for a classified breifing. a u-s official says the democratic presidential nominee is expected to receive her intelligence briefing saturday. each candidate receives one briefing before the election. for more than 60-years... the nominees of the two major parties have received classified intel briefings to create a smooth transition from candidate to commander-in- chief. the briefings include a broad look at the threats and challenges facing u-s national security./// ((dave courvoisier)) >>> trump recently said he immigration... but libertarian candidate gary johnson says he isn't buying it. johnson says he doubts trump will reverse himself... and the u-s should welcome those immigrants: (( gary johnson//(l) presidential nominee) - "look, we should embrace immigration. these are really hard-working people that are taking jobs that u.s. citizens don't want. so make a system, get a system in place, work visas

this chart here shows how stocks in the u k in europe tend to move in lock step.doesn't matter which is which until the brexit vote. since then, it has really taken off. what has been driving that outperformance, the pounds european which has stocks falling. the handle -- bottom panel shows the correlation between the two indexes. right now, it's at the lowest level correlation going back more than a year. it's an interesting divergence to keep track of, especially as everyone is looking for data to back up the fact the brexit vote was terrible for all of the economies. that those are companies export a lot so when you see a big drop in the pound, that's beneficial to those companies that will look different. nonetheless, economic surprises have been very positive in the u k take a look at this function i have on the bloomberg. right now, i have got it open for the u.s. and we have had a little green at the end. that means positive surprises rather than disappointments. i will go ahead and blow up this chart. it's a multiyear look going back to 2009 but if i zoom

at linde he did the boc takeover in the u k which is credited as one of the most successful takeovers. it's a very interesting coincidence that this deal comes to the frontline after he rejoined linde. much theto wonder how ceo is pushing this deal. it remains to be seen. it's early days. a lot of it will depend on integration and synergies and whether both companies fully support the deal. that all remains to be seen. how has their expansion gone into health care? has it offset the troubles within the industrial gas market? has been doing acquisitions in that area and i diversify away from their industrial customers because the business has been lagging. medical health care is a growing sector. there might be some overlap on the antitrust aspect that linde has some health care interest in the u.s.. they want to stay diversified but that might be an area they have to sell. more m&a activity in the global chemical industry. andhome depot profit rises americans seem to be splurging on remodeling their homes. more on the u.s. retail market next. this is bloomberg. ♪ vonnie: you are watch

the u-k left the european union. ((dave courvoisier)) >>> donald trump is still scheduled to hold a fundraiser at lake tahoe this friday. trump was orginally supposed to hold a rally at south point tomorrow--- but it was canceled. the reason for the cancellation ((dave courvoisier)) >>> 8 news now is your local election headquarters for all the races that matter to you... on air and online at las vegas now dot com./// ((christianne klein)) >>> thousands of residents remain without power today following a series of storms last night. the areas affected and how many are still waiting for power to be restored.../// announcer: you're watching 8 news now at four. in football going for two can be risky. now get two medium two toppings pizzas for just $6.99 each. that's right just $6.99 each. better ingredients. better pizza. to batter omaha nebraska again today. ((christianne klein)) >> and that's not a good thing for the 11-thousand residents still without power. right now many are scrambling to clean-up the damage left b

the champions will be selected at the end of she's lived more than a century-- a woman in the u-k knew just how she wanted to celebrate her 105th birthday. she wanted some help from some hunky firefighters. ivena smailes celebrated her birthday last week at her nursing home. guests. the climbed through her third-floor window and delivered her a sponge cake. this was just one of the wishes that smailes had asked for on her big day. she took her first selfie on her birthday as well. it's time to head back-to-school! in todays tech report, rich demuro is running down the list of the top 10 tech items parents plan t according to the consumer technology association...back to school shoppers will spend over 18 billion dollars on tech products and accessories... heres whats hot this year. nats...school bell back to school shopping involves more than just number 2 pencils... here is the tech people plan to buy.. nats... at number 10... a subscription service... like office 365, spotify... or dropbox. number 9 is a tablet... number 8 is an external hard drive... a great way to backup your stuff

for the moment, if you look at the political landscape in the u k, it is only nicola sturgeon who saysng in scotland. she would probably want it for gb at large, but no other politician has said that. is it just because they are trying to negotiate? i'm not sure it is the only bargaining chip because i think there was huge disappointment around europe that the u.k. should leave the european union. there is so much that we bring to the european union. we lead within the european union. francine: but you voted to leave. the country did vote to leave. chuka: the country did vote to leave, so we need to find the best brexit package. that not only helps our economy to thrive in the future, which is why we want the closest trading relationship with the european union, but one that means we continue to be outward and open looking to the world and we don't close ourselves off which would be bad for british industry and jobs. but there's no getting away from it. in this referendum, immigration predominated. we have got to find a way of addressing the immigration issue in a way in the labour par

closing lower more than 5% and then there's the u. k. insurance company following interest rates since the u. k. referendum has effected it's solvency ratio. sources telling reuters they have not yet signed a nondisclosure agreement and that talks are difficult between the two companies suggesting that they may have hit a stumbling block. we're looking at shares down 1.4% and down by around 2%. meantime in the bond market you focus on portugal and it's ability to stay eligible after ratings agency dbrs warned it could elude the investment grade status unlike bonds in portugal selling off sending yields higher. investors continue to assess the damage of the brexit. so far the economic data hasn't been disappointing. the number fell in july. you're seeing a little bit of stabilization in the u.k. currency. at the same time a lot of european leaders, mateo renzi and his counter parts in italy are pushing the u.k. prime minister to push forward the brexit agreement pointing out the longer it takes to generate a frame work and undermine your

he says the u-k has 72 protected food names - and ybody in the uk can copy a melton mowbray pork pie for example. it's not been thought through, unfortunately."> and that could mean a loss of big bucks to the community. o'callagahn says sales of the melton mowbray pork pies bring 60 million pounds - or about 78 million u-s dollars to the area. and double that amount when you include tourism. for u-s farm report, i'm clinton griffiths. thanks, clinton. american farm bureau told me this week for every billion dollars of trade created for the u-s, it's means 75 hundred jobs here at home. when we come back, john phipps. john phipps. john phipps. earlier in the show, you heard from an ag banker who said we need to see major cost farmer wants to know why so much buzz is about rental rates. and to answer, here's john phipps. doug northrup from letcher, south dakota chimes in on a big topic in farmer circles: cash rents. "can you tell me why rent is the only option to go down? i know rent is high, but we have been told that we must pay more for 1. fertilizer, 2. tires, 3. seed corn, 4. truck

jenna's from the u-k.. and... had to cancel a family trip home..... she was planning in a few months.... to introduce her family abroad..... to the new baby. police always advise..... to meet someone.... in a public place... that has alot of traffic. 4 new cases of the zika virus.. florida.. bringing the total to 21. it's also having a negative impact on businesses in the 1-square mile area known as 'ground zero'.. just north of downtown miami. during an emergency meeting last night.. city leaders passed a resulotion requesting more money to prevent the spread of the virus. tourism officials are also planning to promote special deals and events in the area. hillary clinton toured a miami hospital near the area dealing with the infections. she called on federal lawmakers washington to pass legislation to combat zika. florida is considered an important battleground state in the race for the white house. donald trump under scrunity again tonight... for a statement he made.... during a campaign stop in wilmington, north carolina. take a listen... (donald

she already has plans for her visit to the u-k. "i definitely want to go to platform 9 3/4 and to london and t eye and big ben and all the traditional stuff that you would go and see in london" "there's this one little town and i can't remember the name of it but the whole entire town is like painted in neon colors and there's a bunch of cool bakeries and so i'm excited to go there." jordyn's surprise trip was revealed in front of a crowd 16 thousand people. new at six tonight. school is starting in less than three weeks. teachers have already started quality care... the southern nevada medical community... and teacher health trust are teaming up to give 16 teachers a shopping spree! they each were given a five- hundred dollar gift card to office depot where they can buy everything from paper and pencils to art supplies and i-pads. most teachers usually pay for supplies out of pocket. "our teachers work so hard in this community. they really are the unsung heros in so many ways." "the teacher i'm shopping with has been teaching for

a company in the u-k wants to pay you to drink alcohol how you can get a job trying new gins, mixers and finding new brands to work with. and a street performer takes his love for pokemon to another level. his wacky song.. when we come 2 i'm hillary clinton and i approve this message. letterman:"has a line of clothing, now where were these made?" trump: "these were made, i don't know where they're made. but they were made someplace. but they're great. it's ties, shirts, cufflinks, everything sold at macy's and they're doing great.? letterman: ?where are the shirts made?? off-camera voice: ?bangladesh.? letterman: ?bangladesh.? trump: ?well, it's good. we employ people in bangladesh." letterman: ?ties? where are the ties made?" they have to work, too. these are beautiful ties. they are great ties. the ties are made in where? china? off-camera voice: ?china.? letterman: ?the ties are made in china." for you "i-love-gin" is a monthly gin club..looking for a professional taste tester..who is willing to try new gins, mixers and find new brands to work with. listed as an internship on the

by u-k police. britain's press association reported... that dalian atkinson died.... after being tased.. by police. local police confirmed.... using a teaser..... after responding..... to a call from someone being concerned.... for their safety." a scary night for travelers..... at one of our nation's busiest airports!!! two terminals at j-f-k airport in new york had to be evacuated... after reports of shots being the terminals... and police were yelling about an "active shooter." :02-:07 "loud noise and then people yelling and running." (butted with) :39-:44 "get down! get down! everybody down! everybody down!" all in-bound flights were being held.... for about -2- hours... while security checked the terminals. officers say.... they weren't able to find any firearms... shell casings.... or other evidence of gunfire. no one.... was injured. time now is xxxx right now by storm! it's after.... she turned down an offer.... to perform.... at "the superbowl"! but... why she did it.... coming up! and.. kids going back to school is right around the corner..... what a chiropr

she says she already has plans for her u-k visit. "i definitely want to go to platform 9 3/4 and to london and do the london eye and big ben and all the traditional stuff that you would go and see in london" jordyn's surprise trip was revealed in front of thousands of people at the sands conference center. 9-1-1 dispatchers take hundreds of thousands of calls each day... but one stood out for a dispatcher in connecticut. katherine grady was at the end of her shift... when she received a call from 86- year-old francis royer. the elderly woman's emergency was not the typical calls. she asked if someone could take out her garbage because it's been there for two weeks... and she couldn't do it! the dispatcher who is also an e- m-t and volunteer firefighter decided to step in. "if they're calling 911, it's an emergency to them, "that's such an easy thing, and a lot of people that call in here it's not something you can fix over the phone, we get you the people that you need, but it's not usually us personally that fixed the problem, but f

reporter: cardiovascular problems account for more than a quarter of all deaths in the u k, 102,000 everyear. the hope is that by eating more like this, we can prevent the disease and extend lives. there is a claim mediterranean cooking could be more effective than drugs widely prescribed for work problems did the author of this heart problems. --heart problems. the doctor even says doctors should provide vegetables before best prescribed vegetables before --prescribe vegetables before pills. laura: in the u.s. campaign trail hillary clinton still leads donald trump in the latest nationwide polls, but the race is tightening. but on a state-by-state basis, the bombastic billionaire has catching up to do. our correspondent has been to two of the most pivotal states in the election. on tuesday he will be in pennsylvania. today he is in bellaire, ohio, a town and the state trump desperately needs to win. reporter: on the banks of the ohio river, this election could be decided. in every presidential contest the past 50 years, ohio has picked the winner. the rust they'll town of -- the rust bel

in the u k, members of the party favor tor maintain his job even though he has lost the support of mostembers. lawmakers have accused him of failing to campaign effectively. islamic extremist being held in prison. to keep them from spreading the ideology. authoritiesauthorities say a che to keep them from spreading the ideology. they will also crackdown on the circulation. the future i guess you could say. travelers who do not buy their money before the airport, they are saying one-for-one, they are paying one pound and one pence for one euro. >> the way of things now. for travelers. how that investors beginning to feel this already. >> this is a long-term forecast. gradually but there is still uncertainty in the market. the euro has some problems as well. if that leads to more uncertainty, that can be a problem. up to this point, it is funded by foreign investment. we saw last week in the sales figures that that is postponed for now but investors are still on that fact. >> i'm sure there were upsides as well when you look at parts. >> the british tourism industry has done pretty well o

there were americans in those vans as well as people from ireland...the u-k and germany. six people were injured...no word if any of the americans among those injured. town/trump(split-screen)-vm hillary clinton now has the highest lead ever over her republican challenger donald trump . a new mcclatchy marist poll shows clinton with 48-percent to trumps 33. yesterday-- focusing her attacks on the flipside of trump's life as a businessman. "i've met people who were distroyed by donald trump so take a look at what he's done, not what he says." (butted with) i think the evidence is pretty clear. everything he's made, he's made somewhere else. he's not put americans to work. clinton toured a local electrical business before hosting a rally with union workers. but not everyone there was supporting her. :10-:15 chants and shouting, people show their animal flag can see secret service agents quickly had the situation under control. and.. in a sign of unity-- donald trump is now showing some support for house speaker paul ryan-- after his running mate went against him.. and endor

a race in the u-k with a motor you probably have in your backyard. your fox5 weather 24/7 forecast is coming up next you're watching fox5 news at 10. local las vegas. [jess]quality top tier gas helps protect engines hmm,wonder what that's like... hey! ninjas! step away from my engine. spin move! scorpion! kaaa! metro is investigating a homicide in the shortly) " from what they saw in the crime scene it seemed to be a murder homicide. knowing that she was really kind, sweet-hearted seemed like she a big heartm very charming. elderly woman, didnt come outside, didn't bothered anybody. five people in st. gun shot wounds after a gun battle saturday night. police say it happned outside a nightclub near eating candy laced with an unknown substance. it happened saturday in ohio at the "every one stands together" festival. fire officials responded after several festival go-ers felt sick with unusual symptoms. the victims were take hospital where they were given narcan -- a drug commonly used to reverse the effects of opiates. this happened on the last day of

the monkey version of the dark lord was born at a zoo in the u-k... motivations yet... but we're pretty sure it wants to destroy harry potter... so stay tuned. now to the luckiest dog in the world... the dog was tootling along on a dirt road... when this happened. (car jumps over dog) whee... that was fun... i told you it's the luckiest dog in the world... and now it's chasing after the car that almost flattened him like a bug... this is at a rally race in bolivia... you can see the car hits that jump at the exact moment it needed to... little doggy friend would no longer be with us. speaking of.... no longer being with us... we're all going to die eventually... breaking news... but at least we can ride off in style now. check out the maserati hearse... it looks like a fancy space ship... but this thing won't take you to mars... it's taking you to a 2 by 8 plot of dirt... you've heard the old joke... you'll be late late to your own funeral?? well not in this bad boy... you'll not only arrive on time... afterlife in style. we're two days away from the first game of the u

we expect the headline to pick up materially in the u k for two reasons.g has fallen, so import prices will pick up. secondly, oil price has rise significantly, which plays a role in pushing down on the headline inflation rate. real wages are likely to, under pressure. tom: let's continue with richard. i want to talk about the ninth anniversary of the crisis. right now in copenhagen, cees 't hart with carlsberg. he is one of the few ceos i know that does not speak off a powerpoint script. wonderful to speak to you. i want to cut to the chase. one will you move to london? sterling will be weaker. will carlsberg migrate to london? cees 't: good morning. you're painting a picture that is attractive for us, as well as the u.k. is starting to do more. tom: within that is the idea of a global platform. you worked for years with you know ever -- unilever. what will multi national food and beverage do? can you think about building revenue and products? over the years, if you look at the fast-moving companies the last 20 to 40 years, there have always been unexpect

all of the great companies here in the u k have already continue to hire from outside of the eu.ble] maybeill continue and financial services yet the question of passporting. francine: eileen burbidge, thank you so much for now. stay with us. surveillance is up next. i will be joined by tom keene where we talk about macroeconomics. i have a great chart showing you the 30 year differential compared to the two-year market. jackson hole starts later this evening could we have jackson -- we have -- ♪ francine: central-bank munication's fall short. markets pause ahead of janet yellen's friday remarks. the $25 billion redemption. hedge funds to the biggest monthly withdrawals since 2009. and, helicopter money will be japan's next big experiment as mark mobius says it could come as early as september. this is "surveillance." tom, we have an interesting day. volumes

mark: here in the u k, investors will be keeping a close eye on the pmi manufacturing number on thursday could's day below 50 -- which could stay below 50 but might show a slight improvement post-brexit. -- the real bad news to come? brendan: i am in the camp that is weathering brexit and the manufacturing sector is -- from the cheaper pound. i think overall on the retail side, the amount of tourist demand, which doesn't include tourists coming to oxford street but the whole world shopping online in the u.k. thatneral, there is a view brexit is going to be quite a long process and britain will get a fairly reasonable deal. mark: the economy grew 6% in the second quarter which shows there was some resilience. where does that leave us in the current quarter? the economists we surveyed expect a small contraction of 1%. brendan: i am not in the game of forecasting quarter by quarter but i think there will be some recession in the u.k. mark: does that mean we need less than from the boe? brendan: the measures announced in august were essentially sterling devaluation packets, qe and cutting in

hsbc is dealing with slowing growth in china and the prospect of a recession in the u k. making a big push to reduce air pollution. auction $8 will billion worth of bonds for energy projects. mexico city opposed a driving ban and forced factories two/production. slash production. rio de janeiro. the summer olympic games. the brazilian city pushing to the top of the charts, a place to's day in rio and airbnb will cost an average of 200 six dollars per night. only a 15% discount for the average hotel room. 42% cheaperng the than hotels. the bloomberg for quick take where we provide context and background on issues of interest. flag bearersmy like uber and airbnb and home joy get people easy, cheap access to products and services that would otherwise go unused, free the burdens of ownership. venture capitalists have invested heavily in sharing economy companies despite little evidence of progress toward profits. $17.9illion in 2014, billion in 2015. riding ailing company, in july of 2015, raised $1 billion in a valuation of about 50. by december, $62.5 billion in valuation.

we are all familiar with how globalization has created a lot of losers in the develop world, in the u k the u.s. what are the costs of globalization for emerging economies? it is easy to think that china and mexico win, but there are losers in those economies as well, aren't there? >> in general, markets create inequality, and usually, you need government policy to close the gaps to reduce it. in china, which is the most spectacular economic development in history, inequality has also soared. are looking at the trade impacts in the united states, and we point to china took away a lot of manufacturing jobs. absolutely right. there is a lot of unrest and a china, how do in we manage this as well? to the want to go back point that there is that is a slice of the pie going to a certain group of people. or that slice gotten larger is a different type of person getting left behind and those are the people reacting now? >> the world economy has grown. , besides 2008, falling out of bed, the economy has grown pretty well over the course of the last generation, even longer. but the inequality in

we are watching more brexit follow in the u k construction shrank a second month.any flexes its economic muscle. slowed, signaling that -- growth grew better than expected, signaling that it may become -- >> >> we begin in britain, where construction shrank for a second month in june. .utput -- building up a decline companies have started putting spending plans on hold since the u.k. voted to leave the european union. slowedermany, growth less than predicted in the second quarter. german gdp rose 4/10 of 1%. a signal that europe's largest economy may be able to handle the u.k.'s decision to leave the eu. by italy's economy unexpectedly stalled a the jobless rate is above 11%. >> auto sales soared in china last month, up 26% from one year ago. general motors and ford reported record demand. sales were up 47% for utility vehicles. >> time for our bloomberg click take, where we provide background and context on issues of interest. for aes have looked chemical edge for centuries, dating back to the ancient greeks, who used alcoholic concoctions and hoses and it mushroo

you know why it is a bank holiday here in the u k. the stoxx 600 down today is stuck in a 3% trading range since july 12. all its brexit losses on august 11, it has been trading, most industry groups are down today, following the market, down 1.8 percent today. he seesarchionne says samsung electronics as the potential strategic partner and an interest from several potential buyers from the u.s. italian carmakers, a components unit, samsung we heard earlier .his month is in advanced talks shares are lower. shares are traded in hong kong and rose 12% today. the italian luxury goods maker will return to sales and earnings next year helped by cost cutting and online expansion in asia. less than estimated 25%. these are the goods which include luxury good makers. there has been let -- very little impact on goods shares. much a soul luxury goods company rising today in hong kong and italian manufacturing confidence in august fell to the lowest levels since earlier last .ear struggling with a stagnant economy, compounded by that massive str

she's from the u- k-- and had to cancel a family trip home that she was planning in a few months -- to introduce her family abroad to the new baby. fast food customers have spoken. and most do not want antibiotics in their chicken nuggets or chicken sandwiches. many restaurants are making a hear who's still holding out, and facing a lot of pressure this week. and it's a more relaxing experience for dogs and cats away from home. what one popular pet hotel is testing out to keep both humans and animals happy. i got shot down over vietnam and spent eleven months in a pow camp. what donald trump said about our members of the military being captured is a disgrace. he's a i like people that weren't captured. when you fly over enemy territory, the odds might be against you being able to come home. priorities usa action is responsible for the content of this advertising. at von's, it's our anniversary! but you're the one who's gonna save some serious money with amazing deals down every aisle on family favorites. get quaker cereal, or instant oatmeal, for $1.47 each. pepsi,12-pack 12-ounce cans

. ♪ >> since brexit we have invested and asked her 500 million pounds in the u k economy in july aloneo invest in. if we do not invest, other people will not. we still think that is true and whether that is a great city, the businesses, we are increasing looking at venture capital because there is some fantastic tech elegy being developed and they are all short of money. francine: that was nigel wilson who spoke to bloomberg tv on an exclusive interview earlier this morning. are lowery's shares after reporting profits that missed analyst estimates. of get to the bloomberg business flash. nejra: u.k. industrial production barely grew in june as the economy lost omentum before the eu referendum. output rose 0.1% following a 6% drop in may. manufacturing declined or a six-month. the boa cut interest rates -- boe cut interest rates for the first time since 2005 and pledged stimulus. munich really has reported second-quarter profit that was more than double analyst estimates to -- estimates. they climbed 974 million euros as it looked higher claims from natural disasters and restructuring c

a little resiliency, because we have had data suggesting there is resilience in the u k economy postrexit -- in the u.k. economy post-brexit. inie: stocks pulling back the united states as well. a little bit of a deeper decline than yesterday, with the dow leading the drop. down nearly 100 points. around 95. the s&p off 10.5. the nasdaq down about 16.5. the smallest decline of the three. we do have pressure from currency, but also from the energy complex. at least that was the case earlier. look at the imap of the groups on the bloomberg. only a couple of subgroups in higher.t is doing viacom doing the worst as we see a bounce in bond yields. utilities typically bondin reverse to those yields. speaking of energy and bounce backs, take a look at what is going on. look at oil. we have seen a higher much of the week. , bouncingn gyrating between negative and positive. it was negative earlier in the session. asis interesting that even oil bounces, energy shares remain lower. as for oil on the week, we have seen a big weekly gain. we have been talking about how oil is back and a bull mark

business activity index for the u. k. fell almost five points in july. 47.4.hat's the fastest pace of contraction for the u.k. economy since 2009 during the financial crisis. a quarter point rate cut by the boe, foregone conclusion. right now the pound as you can see $1.33 weaker against the dollar this morning. kayla back to you. >> thank you, michelle. let's get to john harwood with developments on the story from the trump campaign. >> just wanted to provide a postscript in the last couple of hours about disarray within the trump campaign about the way the candidate is behaving right now. reports from chuck todd at nbc that the republican chairman and rudy and other allies, newt gingrich are planning a weekend intervention with the trump campaign with the assistance of donald trump's children. the children have been very influential mt. campaign. they were influential in the firing of the campaign manager and the replacement with paul manafort. they want to have a meeting to urgently convey to the candidate the need to impose discipline on his message and no

after reports surfaced in the u-k's sunday times newspaper... saying he was german news station filmed rotich demanding 10- thousand pounds for agreeing to give a warning... when doping tests would be carried out. on a lighter note... one olympic golfer took to social media... after an airline lost the thing he needed the most: his golf clubs. argentina's emiliano grillo posted this picture of his clubs - all decked out in his nation's colors - a few days ago... but that's possibly the last time we'll get a glimpse of them. on sunday... he began tweeting for help... writing "delays... re-routing... and 20-plus calls, can't find my golf bag. i am going to miss my chance to compete in the olympics. good news though... late last night... he tweeted this photo... saying "i am never letting you go again... until next flight." the golf tournament begins thursday. anchors chat/toss to rob rob's weather forecast from fox6 chief meteorologist rob haswell we are still under the high is now farther to the east and we start getting warmer and more humid. a

this historic session here in the u k after the bank of england cut rates, implement it a qe program,ying program, a bank lending program cutting its growth forecast. raising inflation forecast as well. ftse has jumped by 1.6%. gains in europe. look at the pound plunging against the dollar. the euro is jumping against sterling. yen. down against the this is bloomberg. ♪ 4:00 is 11:00 in new york, in london, 11:00 p.m. in hong kong. i am vonnie quinn. i am mark barton. there are 30 minutes left in the trading day. you are watching the european close on "bloomberg markets. " ♪ we are going to take you from washington, new york and stories in the u.k. and germany. here is what we are watching today. inc. of england mark carney built an exceptional package of stimulus, including a first interest rate cut in seven years. he echoed the famous words of mario draghi, saying they will take whatever action is needed and all policy tools can be intensified. exclusive comments on bank of america ceo brian moynihan from everything from brexit to the health of the european banks. they can adjust fo

global trend towards lower growth at the moment outside the united states, and what you have in the u ke weaker numbers has not been particularly different from what you get in europe, in japan, in other parts of the world. the uk has done quite well. >> you mentioned just a while ago how you like emerging markets, at least in your notes. given that we see this anti-trade rhetoric, particularly in the u.s., do you think that the interest for emerging-market assets could wane? >> there's a couple reasons why you like emerging markets at the moment. the main one, you have seen a slowing down of growth in developed countries, again, outside the united states. that differential is really an attractive reason for putting money into emerging markets. the other thing, regardless of whether you think u.s. interest rates are going up by 25 or 50 basis points, the evaluation of emerging markets is very cheap, whether it's on a price to earnings ratio, price-to-book, whatever you want to look at. on the valuation and capital flow basis, it is quite an appealing proposition. >> how about the bigges

know juste want to foreignlient the investment story has been in the u k, has it managed to maintainttractiveness i do not have the answer for that this morning but i do have a few clues as to how things were going in the run-up to the brexit vote. increase in the total number of projects funded by foreign direct investment. this is the way you came government report its data. a record number of investments were made making the country europe's most popular for external financiers. financial markets pushing up the level of investment they made. funders for foreign investment remain the u.s. and china and india. this is a little backward looking, it goes to april but it shows that investors were not deterred too much by the threat of the brexit vote which we did know was going to take place throughout that investment time. we will have to wait to see how it performs. yousef: very interesting. elsewhere in europe the spanish prime minister is facing a confidence vote. what is to be expected there? he is an acting prime minister. he says we need the government to avoid economic impact a

i know we love talking about the weather here in the u k, and it seems brexit does not mean as much whenhe sun is shining with these results. simon: if you look at the data, they were picked up on things like footwear, clothes, things you associate with a pick up in the weather. a bit rare for the british summertime to see some sun. we saw that in july. we have tourists spending more on jewelry, watches. retail sales give a bit of a bump that was not expected by analysts. nejra: i can bring your attention to bloomberg. these sterling i today. data, i am that interested why we are seeing such a jump given that not all the data has been such a positive picture. simon: i disagree with that. this week has been quite a surprise from the view of analysts that the this hard data arrival with july with inflation higher will not be as easy. you saw unemployment data better than expected. use our retail sales better. this expectation was to be a by week and quickly bad -- a bad week and quickly bad. nejra: you bring out your bulletin every day, fascinating read. the things we're getting from all s

two-year window, there is a clock ticking on banks to make a decision on whether to move people in the u k the u.k. or start cutting jobs. francine: guys, think you so much. coming up next, we have the first hard to data after the referendum. we get that. will we see a inflation acceleration? will they do like they suggested in the past. we will break down the numbers. , not is quite a lot of even in strength or relative strength, it is a story of dollar weakness. we will going to that. this is bloomberg. ♪ [ clock ticking ] time. you only have so much. that's why we want to make sure you won't have to wait on hold. and you won't have to guess when we'll turn up. because after all we should fit into your life. not the other way around. ♪ everything is cool when you're watching a screen ♪ ♪ everything is awesome, ♪ when you're sharing a meme ♪ ♪ a voice remote, "show me angry kings" ♪ ♪ you know what's awesome? everything! ♪ ♪ apps that please, more selfies, ♪ ♪ endless hours of the best tvs ♪ ♪ brand new apps, shows to go, ♪ ♪ awesome internet that's super whoa... ♪ ♪ everything is awesome

we talk about switzerland and norway, but some people here in the u k have refuted that.lity the u.k. retains access to the single market while curbing immigration? michael: i do not think so, because we have made it very , the foremost important points, free movement of goods and workers, right of establishment, and free movement of capital. you can have that only if you are a member of the club. unfortunately, the u.k. has voted for brexit so there will be definite changes. i will give you one example which will be a big change. i really think this is going to be's something -- be something which is not negotiable, the banking passport. they have to stay in the eu and not england. some banks have to move their headquarters from london to maybe frankfurt or dublin. eu.untry of the this is the banking passport. francine: do you think these banks will move to frankfurt or berlin instead of dublin? michael: we are very happy to receive them of course. hand, this is really bad for the u.k. which is obvious. we do not need to discuss it because it is unfortunate if the banks

typically police in the u-k do >> authorities say the man-- accused of killing nine people inside a south carolina church-- was recently attacked in jail. another inmate started hitting dylan roof in the face and body while roof was in the shower. a detention officer broke up the altercation. roof was in protective custody at the time of the attack. it's unclear how the other inmate gained access to the jail's protective unit. dylan roof is awaiting trial... after police say he opened fired inside mother emanuel a-m-e church... killing nine churchgoers./// ((paul joncich)) our weather team continues to monitor potential storms in the valley. ((christianne klein)) >>> tedd florendo brings you the latest straight ahead in your weather now forecast./// announcer: you're nevada is one of the worst places in america for the sex trafficking of teenage girls. thankfully, catherine cortez masto went to work to help law enforcement fight back. as attorney general, she made sex trafficking a felony crime and increased sentences. she gave victims the right to sue their captors. and expanded the sex

we have yields on the two-year government bond here in the u k rising.he french 10 year, credit default stock prices are rising in ireland in a dead market. commodities are declining today, appetite for risk is diminishing today after the release of bank stress test results on friday. i want to get heineken, the world's third biggest brewer reporting sales that missed expectations. demand waning in key regions such as africa, russia, and the middle east. performance upsetting earnings that came in line with estimates, heineken coming to rely on sales more outside its home region amid fears price competition and editing demand for europe which accounts for about half of its revenue. these the big brewers in the world, in 2016. carlsberg is actually the best performer among the four, by 10%. year, itsat on the attempt in buy sab miller. heineken is up by 3.7%. the french company announced a statement first-half profit missed, that was the news the french industrial gas company, first of earnings missed estimates amid the continued slump in its engineering

i think they will wait until the full impact of brexit is felt in the u k u.k. is a rate hiking cycle or not, it will return to normalization. vonnie: we have a stronger dollar and a much weaker chinese renminbi. how does that progress? jeremy: we continue to see weakness in the yuan. to see hugenue amount of outflows through china and dispersing into the global economy, the weakness of the yuan is likely to continue. china is the elephant in the room. for all of the chatter around brexit and nonperforming loans in italy, we have not really talked about china that much in the past quarter. we just passed the anniversary of their move back in august last year. if we see something like that in a september or october, i expect decent amounts of you on weakness. andie: the yen at 102 change, where we go? jeremy: 92? vonnie: when? jeremy: six month or so. vonnie: based on? jeremy: they really have no options left. vonnie: all right. jeremy cook, chief economist at world first. coming up, apple is getting ready to announce new products of it iphone. what will it have

pizza hut u-k tweeting out that it's going to hide five of these new pizza decks around the united kingdom. clues on where those might pop up. with violence breaking out over the weekend near sherman park, one man didn't have to travel far to see the unrest. and it was violence he saw coming, in fact...that's why he moved here. our ted perry introduces us to a man he knows through coaching youth baseball, who had some perspective on the chaos in his neighborhood. 47:07 "the fields were immaculate..we definitely didn't have the graffiti because was respected" randy hogan remembers when the diamonds at 9th and brown made him feel special. he didn't just love the game of baseball, he loved how it made him feel. "it changed my life then" it also gave adult role models that were lacking at home. 49:30 "in so many ways baseball gave me a father...by the time i came here i had a coach strong who had a two many kids as he could because he just wanted us here playing ball...what did i gain here...father figures.." which partially explains why hogan is back on that same field coaching kids who are m

especially the exporters. 72% of the ftse 100 revenues are generated outside of the u. k. on that note the pound sitting at a three year low against the euro. but j.p. morgan says we're not suggesting that it will be all smooth sailing. and h&m among today's winners. better than expected sales and julies up 10% a year ago and that comes after they reportedly have a sales miss back in june. one other mover, ucb biggest gainer on the stock 600 today. the district 4th judge upheld a valid ruling for the epilepsy drug can go through and then a lot of u.k. data coming up this week. this is the first hard data after brexit for july and starting with inflation tomorrow and jobless claims and retail sales. we'll tell you about that earlier in the week. >> thank you, sarah. new headlines on donald trump for the wall street journal not exactly positive. john harwood now joins us from new mexico. hey, john. >> >> the question for republicans is what do we do about donald trump? he is trailing nationally and in battleground states and keeps saying and doing things that clean up the da

-- i'm sure there are many viewers in your part of the world interested in what's happening in the u krty market. we have numbers from countrywide, forecasting the london housing boom will end in homeas brexit bites, with values falling for the first time since 2009. growth in home prices will slow to 3.5% this year, and drop 1.25% in 2017 according to countrywide. in prime central london, a drop of 6% this year, and little change in 2017 according to the forecast. but don't fear if you are long asthe uk housing market, they forecast greater london home values will rise by 2% in 2018 as the economy improves. as with any forecast around the u.k. economy, there's a lot of unknown unknowns and known unknowns because of the extent to which we don't have clarity around the relationship between the u.k. and the eurozone. yousef: thanks, anna. plenty to discuss. in other stories, the incoming indian central bank governor is known to be rather low-key compared to his predecessor. but like his predecessor, urjit patel is an inflation hawk. dr. patelll us about and how investors are reacting. go

put let's look at what it does for potentially london, u. k., now u.k.efore the brexit vote and even after has been under the microhe scope and still many believe the big negatives hasn't hit yet and the negotiations haven't started. listen talk to the finance minister of ireland. my guess is even though it may not happen the notion of belonging to the eu under these terms is all about growth. you can't tax your way into prosperity and even though big entities like brussels, like u.s. government have the power to tax and even have the power to reform in many cases the issue is how far is it going to take them? it's not. growth is not anywhere near where it needs to be. not only domestically but globally. a fertile landscape is the way to go. my guess is we might not be able to pinpoint it but overtime these issues in brussels are are going to help the u.k. and ultimately either feed more exits or force change. john fort back to you. >> lots of pressure indeed. thanks. still to come a cnbc disruptor. trying to change the online education landscape. we'll

we're also keeping an eye on the minutes to come before the close in the u. k. and across europe.tocks beginning the week to the down side but the banking sector is in focus. among today's losers in the t wake of the european banking stress test that hit late friday evening despite giving most of the 51 banks that participated a clean bill of health. italian banks as has been the banks all year, they're among the hardest hit today. that bank performed worst on the test but moving higher after a privately funded plan to raise capital. the idea being that now that the bad loans have had a price put on them, other banks will have to share similar values with their investors. a programming note for you, be sure to watch julia's exclusive interview with the italian prime minister matteo renzi tomorrow. >> when we come back, silicon valley meets capitol hill. why tim cook is backing hillary clinton for president and even hosting a fund-raising event for the former secretary of state. record highs for the s&p. dow is up 34 in a hurry. more in a minute. >> the family of the service member

here and in the u k, you have a very good taxi system already, so it sort of works.s just hard to manage as an and user. you end up calling around. so it's a great innovation to have the ability to do it on demand like that. but i think you will be able to see a lot of money poured into convincing the world this is a good thing. caroline: should go public this year? david: i doubt it will. who am i to say what it should do? it would be nice to have some liquidity from getting so lucky with the early investment. i'm sure a lot of people feel that way. it's a very substantial company now, but a lot of people feel it still has upside, and obviously a lot of money is being poured into it. caroline: what was one company you wish you had had as a techstar company or are the proudest that it has been a techstar companies? david: there are so many companies you are excited to be associated with, companies that will hopefully eventually the multibillion-dollar public companies. digital ocean, class pass, there's just so many. bb-8 in the "star wars" movie, that came out of te

pizza hut is rolling these out in the u-k now... hopefully they'll make their way here to the states too. ((anchor chat)) both connor mcgregor and nate diaz could kick my tail... i know this... so i say this with all due respect... fellas... you acted like big babies. while hyping up saturday's fight... instead of throwing punches and kicks... they were chucking bottles and cans. jason feinberg joins us from the newsroom with a lo coming up in the next two hours. things are getting a little rocky in things are getting a little rocky in see why one private high school there is encouraging its parents to take a page from bad moms. we'll show you the letter to parents and one worker needs a workout... and isn't letting work stop him. see how he's using his tractor trailer as a treadmill. no membership required. we'll be right back! since 1961, pearle vision has ghborhood with expert eye care. that was dr. stanley pearle's vision and we still proudly carry on his legacy. today, doctors like lisa hamilton perform eye exams that can help

he built what he believes is the u- k's only 360 degree swing in his backyard. colin furze wanted to impress his son jake by building a swing that can go higher than the house and upside down. but his 3 year old son and 1 year old daughter will have to wait to try it out they are too young. there's much more ahead on morning. coming up.. ken smith is still on a beach -- or floating down a river -- in laughlin.. we'll have a look at the upcoming river regatta event.. plus talk float contests happening there. all that plus breaking news, weather and traffic in just two minutes on fox five news this ?? protecting your dreams goes beyond the house itself. for just the right insurance for you, shortly. we've got an update to the "monkey on a plane" story we brought you earlier this week. we now yes!!! we now have video. oy vey!!! the world hip-hop dance championship kicks off today over at the thomas and mack, and mike doria is live to show off his...well...he's gonna do the best he ca n. good morning

trying to normalize, try to raise rates, trying to get -- let the bond market clear and here in the u kervening again, cutting rates again and in japan and europe their intervening, where is the money going to flow? it goes into the u.s. keeping interest rates low. throwinge you still money into the u.s.? i'm tried to pull up the chart that caroline had terms of the flow of money. have a look at this. what this shows you is treasuries drawing in record it's from foreign institutions. are you part of the flow into u.s. equity and do you think this is folly, this flow of runs into $23 billion worth of bonds. do. she in? fools rush in? asked: we will be buying u.s. treasuries. at the moment they are double. the u.s. economy is in good shape area they will look for where the currency strength is. the u.s. dollar looks attractive versus sterling. u.s. yields are greatly higher than everywhere else. we see a trend of dollar strengthening against sterling. there are too many questions. manus: we will have a conversation about that in just a moment. a dollar will run. it may be coming to an end

it is only the start of pressure in the u k, isn't it?yes, and when you look at the behavior and the pound, you can expect over the next 12 months, if negotiations turn sour, you will see a big drop from 1.30 down to 1.20, or even further. nestled take place very slowly because it is on the backside of other data -- this will take place very slowly because it is on the backside of other data. this is essentially what we are starting to see in the behavior since the brexit referendum. manus: there is another cracking piece on the brexit today and this is the ftse 100. this is the record we set back there on the far left. we have had a few dips and tragic moments. the pound is down. we are a couple percent away from that record high. piece on technician the bluebird this morning, the market sniper. he is standing against the crowd and he says the ftse will travel 7300, the direction of travel. you will get in there by 2017. asian major analysts say the ftse 100 will fall by near 9% by the end of this year. bullish on ftse? >> we are contrar