and the u.k. airbus has said it's cautiously optimistic. the u.k.'s main aviation industry group echoes the sentiment but insists much is still up in the air. now for a change some good news from deutsche bank germany's biggest lender says it will make a second quarter profit of four hundred million euros far exceeding expectations that impressed markets and sent its share prices soaring the new c.e.o. christians even is restructuring the bank cutting thousands of jobs from shrinking its investment activities that's led to lower costs and spending on legacy litigation is also down savings says the higher profit shows his reforms are working concurred a huge full year loss last year. but there's still a lot of ground to cover for dodge a bank and its new c.e.o. before the share price can recover properly as our financial correspondent ali bots reports. both are banking on two it's causing about seventy percent higher than on friday but also a close above the level of euro's for the first since the month of may. there by two investors are who wait for

and the u.k. airbus has said it's cautiously optimistic the u.k.'s main aviation industry group echoes the sentiment but insists much is still up in the air. china has been building the new silk road the so-called one belt one road project for five years billions of euros are to be invested in infrastructure worldwide in order to expand trade routes further boosting the economy in china the new silk road oh also go through the french port city of mass say it's looking to raise its profile on international markets this investor is hoping the new myth sixty eight transshipment center for fashion will become a permanent hub on the new silk road a sea route for goods from northern china that leads through the suez canal to mar say. this is a real opportunity to become a hub for trade with china will be offering a wide range of products here starting with bashing and then other goods for instance from the tech sector i think none of them want to think it is so far about ninety mainly chinese traders have set up shop here. the next phase will see many new

and u.k., airbus has said it's cautiously optimistic. the u u.'s main aviation industry group echoes the sentiment but insists much is still up in the air. daniel: that's not only theresa may who's been busy. angela merkel hass been meeting hard working germans. phil: the cherm an chancellor has visited a nursing home to see firsthand the challenges facing staff. during her election campaign last year, the chancellor promised a nurse at the home she would accompany him to work one day and that day was today. the chancellor's government has pledged to create at least 8,000 additional jobs but at the moment 36,000 positions in hospitals and for the elderly are unfilled. it's a crisis that affects careers every day. reporter: rosa lopez is always on the go. the spanish born nurse works in berlin and loves her job. but it's becoming increasingly difficult to do it well. >> there are growing numbers of elderly people who need help and fewer and fewer individuals willing to do the job. reporter: rosa looks after up to 30 people a day. krista suffers fro

and the u.k. airbus has said it's cautiously optimistic. the u.k.'s main aviation industry group echoes the sentiment but insists much is still up in the air. and it's not only theresa may who's been busy uncle merkel has been meeting some hardworking germans felt on the telephone if you're just a german chancellor visit a nursing home in the city of possible to see firsthand the challenges facing stuff during her election campaign last year the chancellor promised a nurse of the hope that she would accompany him to work one day well today was that germany is currently suffering an acute shortage of care rest the chances government has pledged to create at least eight thousand additional jobs but at the moment thirty six thousand positions in hospitals aren't for the elderly. it's a crisis that affects carers every day. gets a short reports. rosa lopez is always on the go the spanish born nurse works in berlin she loves her job but it's becoming increasingly difficult to deal with well. my mum is there a growing numbers of elderly people who need hel

and the u.k. airbus says it's cautiously optimistic. the u.k.'s main aviation industry group echoes the sentiment but insists much is still up in the air. well ahead all the telltale signs of a sure fire blockbuster well that is why china's three main film production houses hopped on board but instead of busting the block the fantasy film has just been a big bust the one hundred twelve million dollars film only raked in a humbling seven and a half million dollars on its weekend a film tells the story of a ship heard predicting a heavenly realm it reaches the name chinese actors and it's loaded with special effects producers are planning on reworking the film has been using it at a later date to hopefully recruit the one hundred in five million dollars they lost . and here's a reminder now all of the top stories we're following for you. the european union and japan have signed a landmark free trade deal it will cover a third of the global economy and create a combined market of more than six hundred million people talk you pay it it has a strong m

and the u.k. airbus has said it's cautiously optimistic. the u.k.'s main aviation industry group echoes the sentiment but insists much is still up in the air. now believe it or not for a change some good news from deutsche bank germany's biggest lender says it will make a second quarter profit of four hundred million euros far exceeding expectations that impressed markets and sent its share price soaring new c.e.o. christian xavi is restructuring the bank cutting thousands of jobs and shrinking its investment activities that's led to lower costs and spending on legacy litigation is also down savings says the higher profit shows his reforms are working towards the bank incurred a huge full year loss last year so there's still a lot of ground to cover for deutsche bank and his new c.e.o. the for the share files can recover properly as our financial correspondent only bots reports. but your bank not only held on to its gains causing about seventy percent higher than on the price but also a cause above the level of ten year olds for the first one since t

u.k. leaves the e.u. and airbus of course you already mentioned is well. possibly right now to be clear up to the referendum i said this was an economic disaster and then right after the referendum a moment ago you know this is going to be continue to be an economic disaster on the week of the referendum i said this is fantastic that david cameron is getting his teeth kicked in and making you know that that pig loving david cameron with is . david cameron that's the phrase now. loves pigs so much he's going in france being a pig farmer is a french bank farmer now but you know i'm not did i said oh this is great the david cameron got kicked in the teeth like this but don't misconstrue that as me saying all of this is i'm pro brags that no i'm anti david cameron and briggs clearly laid out a lot of the voters were max a lot of the voters where because you were talking about us you were talking before breaks it as a person who is able to benefit from the economy that caught the economy today does not benefit most people so they were able to give a kick in the

they currently have a fleet of 21 single aisle airbus planes. u.k. broadcaster is heating up.orter joins us now. soundscalates the global off between the media giants doesn't it? >> it does indeed. it was expected after fox increased its bid for sky. this is a tangle in a chess game. you have fox, disney bidding for fox and fox bidding for the rest of the shares of skied doesn't own. also biddingast .or sky today what we have seen is after an increase to fox's bid to sky over the past 24 hours, now comcast is coming in and it has to 14 pounds bid to 14.75. that is an increase over fox's improved bid for sky. the cable company is pursuing to increase scale and its international business and a big question is does this mean by increasing its offer for sky that it's just going to put its chips behind that offer and maybe let all other assets like 20 century fox go to disney? >> another question, will rupert murdoch have the stomach to actually increase his own bid? it puts thenute, ball back in his court and it comes down to strategy if they think that comcast will settle on sky.

u.k. leaves the e.u. and airbus of course you already mentioned is well. possibly right now to be clear because living up to the referendum i said this was an economic disaster and then right after the referendum a moment ago you know this is going to be continue to be an economic disaster on the week of the referendum i said this is fantastic that david cameron is getting his teeth kicked in and making you know that that pig loving david cameron with is . david cameron that's the phrase now. loves pigs so much he's going in france being a pig farmer is a french bank farmer now but did i said oh this great that david cameron got kicked in the teeth like this but don't misconstrue that as me saying all of this is i'm pro brags that no i'm anti david cameron and briggs clearly let a lot of the voters were max a lot of the voters where because you were talking about us you were talking before breaks it as a person who is able to benefit from the economy the cot the economy today does not benefit most people so they were able to give a kick in the teeth to peo

u.k. supply chain, many of them highly skilled, well-paid, and unionized jobs. the company said no deal will force airbus to reconsider its footprint in the country, its dependency in the u.k. can the prime minister reassure thousands of workers today and take the phony threat of no deal off the negotiating table? >> from minister. >> i would say to the right honorable gentleman, he has raised the question of airbus. but if he is so concerned about the aviation industry, why did he not back the expansion of heathrow? order. >> order. order. order, mr. snell. calm. the question has been asked. the answer from the from minister must and will be heard in -- will be heard. i say to members of this house. i don't normally agree with the secretary but on this occasion i actually do agree with them. the third one. it would ensure our country. mister speaker they didn't back it either. but in his own way he was helping the aviation industry. mister speaker the government is not threatening the eu with this particular position. but at least there is one government minister that understands us. the honorable membe

and we have heard from airbus go easy onk, the eu, the u.k.t looks like an olive branch coming from the united kingdom, trying to get the deal through. we should hear from michel barnier, the chief eu negotiator a little bit later, as he is speaking in new york. vonnie: we have heard from him. he is saying that there are doubts still that the plan will be accepted. the european union has not gone through the plan. and there are some governments who could take a softer line, but barnier saying for now that the four pillars must stand, and there must be cover mise on immigration and the other pillars -- compromise on immigration and the other pillars. talk about hunt. what will his role be in brexit and in the shaping of what any package might look like from here on out, caroline? caroline: i think he has a fascinating role. he actually campaigned to remain within the european union a couple years ago, and he has since changed his mind. he said he would indeed a vote brexit today, but it is notable that boris johnson left the foreign office, per

u.k. businesses have the right to voice their concerns. airbus and b&w have worries they might pull investment from britain if brexit meets barriers to trade with the e.u.. ands for more legroom crowded plane cabins are being supported by regulators in the u.s. they say there is no need to impose new standards on airlines. the faa says there's no evidence that lack of space is a safety issue that could hinder evacuations. largereats and passengers prompted the right to sue, claiming airlines have created a safety hazard by chasing profit. inland will face sweden in the world cup court of final after eliminating columbia on penalties. beforech finished 1-1 the goalkeeper became the shoot up hero. the swedes advanced the last eight by beating switzerland, making this their best world cup since they were runners-up in 1958. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. the trump administration is letting zte is in some business, according to documen

u.k. time. in the head of commercial aircraft at airbus. those gentlemen joining us. let's get a bloomberg first word news update. >> the european union president has called on donald trump to reform the world order instead of bring it down. warning that trade war's can his opening remarks came after the u.s. president said he considered the eu an opponent of america. donald trump made the comments as he headed to a summit with his russian counterpart in finland. minister will say today that her plan for leaving the european union strengthens the position of manufacturers. that is as theresa may comes under pressure from the u.k. arospace hector to deliver brexit deal that safeguards its competitiveness. meanwhile, she revealed donald trump advised her to take the eu to court rather than talk to them. china's economic expansion has slowed, singling broadly stable output at the trade conference with the u.s. intensifies. gdp at the slowest pace since 2016, down from 6.8% the previous quarter. investment growth in industrial output also slowed in june. china has reitera

push back quite hard, even though we have heard from businesses the likes of airbus, which has a big amount employees in the u.king to go easy on the u.k. they are trying to extend an olive branch. but at the moment, emily, it sounds like this will not cut mustard when it comes to the eu, let alone get the support theresa may needs from her own parliament. remember, she does not have a majority in government and he will have to get all the conservatives to toe the party line and perhaps look across the bench to get the labour party to support her as well. emily: caroline, stay with us, because despite all the uncertainty around brexit, vc investments continue to hover near record high. pitchfork reports that european billion,invested $5.2 the fourth highest quarter of the last decade, and would match the last year's record pace of investment. london-based vc index ventures has invested $7.25 billion to date in a portfolio that includes notable tech startups like dropbox, skype, and more. they have just raised $1.56 billion for two new funds targeting companies in the united states and europe. a partner with ind

might push back really hard, even though we have some businesses, the likes of airbus, saying, go easy please on the u.k are trying to extend an olive branch. but at the moment, it sounds as though this won't cut mustard when it comes to the e.u., let alone get the support that theresa may needs in her own parliament and the united kingdom. remember, she doesn't have a majority in government, therefore she would have to get all the conservatives to toe the party line, and perhaps look across the bench, look across the aisle to get the labour party to support her as well. emily: caroline, stay with us, because despite all the uncertainty, investments continue to hover near record high. through the first quarter of 2018 alone, pittsburgh reports that european venture capitals have invested 5.2 billion dollars, the fourth highest quarter in the last decade, and it would match the last year's record pace of investment. meantime, london-based vc index totures has invested 7.25 date that includes notable tech startups like dropbox, and skype and more. they just raised $1.65 billion for new funds targeting com

u.k. over brexit. the fits knee london up 0.23%. paris cac up half a percent. dax in frankfurt up just .4%. that's it for the business news there. >> still mulling over the idea of investing in airbus myself. thank you very much for our business roundup. time now for our press review. >> we have a look through the papers. let's start with reaction to the u.k. and boris johnson, of course, with his resignation. >> that's sparked a lot of creative front pages from the british press, it must be said. "the independent," let's start with them. they're taking their cue from the hit tv show "24," four tgoing and incoming brexit officials in 24 hours of mayhem, and it's left theresa may clinging on for political life. now, if there's one phrase to sum up "the guardian's point of view, it could be good riddance to boris johnson. few at the foreign office will mourn his departure. the paper says he was " distracted and discourteous and should never have been foreign secretary in the first place." and even the conservative paper "the times" reminds us that while boris johnson has his merits, he leaves behind him a rich history of gas, comparing former french president holland to a nazi prison

following, airbus, and other manufacturers announced major deals with airlines, and u.k.by to update the industry on her brexit proposal. guy johnson was there, and he spoke with several top executives, starting with boeing ceo, who talks about the impact of trade tensions on aerospace. ♪ >> growth is great, aerospace is growing. it's enabled by positive trade policy. some of the things that have been done by the administration in terms of tax reform, regulatory reform have added momentum. we are concerned about the discussions around trade, and our aerospace business thrives on free and open global trade. we're going to find solutions as alternative tariff discussions. it's an important topic. >> when you talk to the white house, when you talk to the president, what kind of feedback do you get? are you being listened to? what is he saying? >> we definitely have a seat at the table. it's important that businesses' voices are being heard. global trade is a complex topic, and we understand there are challenges around the world. i go back to the idea that aerospace is someth

u.k. businesses have the right to voice concerns. airbus and b.m.w. warned they might pull investment from britain if brexit means barriers to trade with the e.u. england will face sweden in the world cup quarterfinals after eliminating colombia on penalties. the match finished 1-1 after extra time before the goal keeper became the shootout hero. it's england's first knockout win at a world cup for 12 years. the swedes advanced by beating their opponent 1-0. global news on air and on twitter on tictoc. i'm jessica summer, this is bloomberg. yvonne: thank you. some news on trade the last couple of hours. the trump administration allowing z.t.e. to resume some business in the u.s. my con's chip temporarily banned n china. we have bloom everything intelligence analyst matt on micron, let's start with joe. this seems to be the first step of bringing z.t.e. into the good graces of the united states. what next? >> they'll be able to service contracts they signed on or before april 15, that's when the u.s. slapped a ban on z.t.e. from doing business in the u

u.k. than $55ed more billion in aircraft sales with airbus coming out fractionally ahead.iness was dominated by the latest a320 and they are helping to spur orders past 12,000 claims. fell as elon musk found himself under fire for another controversial tweet. british cave of diver who helped save the football team trapped in northern thailand, accusing him of being a fed a file -- pedophile and saying he was not involved in the rescue. he called for tesla to keep calm and focus on building parts. 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 across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. yvonne: 7:30 a.m. tuesday in hong kong. we are in a storm watch this morning as well. plenty of rain throughout the week. 30 minutes

u.k. is not only a problem in agriculture hundreds of thousands of jobs are under threat at companies like rolls royce jaguar airbus and siemens and so our entire industrial sectors like steel. eighty percent of those exports go to the e.u. market so for us we absolutely need for the very survival of the steel center in the u.k. seamless trade with terrorists. with no end in sight for the u.k. trade deal many sectors have a long road of economic instability ahead of them. now to an uplifting story that really captivated the world sumi that's right monica bout her roic rescue of the twelve boys and their soccer coach as they were trapped for two and a half weeks deep inside a flooded cave in thailand while the boys are doing well and doctors are pleased with their recovery as they prepare to leave the hospital the boys have now been told though one person a former navy diver lost his life during the mission to free them safe and recovered from the hospital beds the children of the wild boars football team send the messages of thanks to the rescuers. and thank you for worrying about me and thank you for going inside

u.k. businesses have a right to voice concerns. airbus bmw have warned a could pull investment from britain. india has blocked cryptocurrencies as the supreme to overturn the ban on banks dealing in digital tokens. that coindges that and other cryptocurrencies cannot be treated as currencies ,nder india's existing law saying they must be made of metal and stamped by the government. crowdedr leg room and plane cabins are being thwarted by regulators in the u.s. no faa says there is evidence the lack of space is a safety issue that would hinder it back you wish and's. passengers prompted a nonprofit group to sue, claiming airlines have created a safety hazard by chasing profit. england will face sweden in the world cup corner finals after and eliminating columbia on penalties. match finished one-oh, before the knockout win. advanced by beating switzerland. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. i am paul allen. this is bloomberg. thank you. le

u.k. is not only a problem in agriculture hundreds of thousands of jobs are under threat at companies like rolls royce jaguar airbus and siemens and so our entire industrial sectors like steel. eighty percent of those exports go to the e.u. market so for us we absolutely need for the very survival of the steel said in the u.k. seamless trade with terrorists with no end in sight for the u.k. trade deal many sectors have a long road of economic instability ahead of them. thought drums foreign trade. he seems to follow no strategy except maybe this make america great again but how do you actually achieve thoughts floods for example and lots of them that's why trump is ramping up the production of flags for his reelection campaign in two years and that will surely provide a boost for the american companies making all these flags you might think well think again the g.m. how flag company and china's on the province is busy despite the trade war between their country in the us it's all about supply and demand and business is booming here even with all the buy american rhetoric at home the trump campaign has their reelect

u.k. is not only a problem in agriculture hundreds of thousands of jobs are under threat at companies like rolls royce jaguar airbus and siemens and so our entire industrial sectors like steel. eighty percent of those exports go to the e.u. market so for us we absolutely need for the very survival of the steel set in the u.k. seamless trade with terrorists with no end in sight for the u.k. trade deal many sectors have a long road of economic instability ahead of them. right now to a story that's cap. said the world christopher absolutely the heroic rescue last week is twelve boys and their football coach trapped for two and a half weeks deep inside a flooded cave in thailand the boys are doing well by the way that doctors pleased with their recovery and as the boys prepared to leave hospital they've now been told how one person a full navy diver lost his life during the grueling mission to free them. a moment of silence for the man who died trying to save their lives. form a tiny a.t.c. oh. man i had to there as he was laying up sitting canisters for the rescue of the trapped football team. hunan is being memoriali

u.k. is not only a problem in agriculture hundreds of thousands of jobs are under threat at companies like rolls royce jaguar airbus and siemens and so our entire industrial sectors like steel. eighty percent of those exports go to the e.u. markets so for us we absolutely need for the very survival of the steel central u.k. seamless trade with terrorists. with no end in sight for the u.k. e.u. trade deal many sectors have a long road of economic instability ahead of them. thank you monica a quick reminder for you of our top story this hour u.s. president donald trump has been welcomed by the finnish president ahead of his summit with russia's president vladimir putin trunked saying something the scene by saying relations between the u.s. and russia have never being worse. you're watching news from. the top of the aisle don't forget you can always get the latest. that's from our website that's you talked up next science magazine tomorrow today thanks watching. keeping fit can also make use nerds only if the name is a combined with a challenge for the mind. at least that's the idea but these games. perform better . h

miami, with exposure to the u.k., what are you looking at in terms of geopolitics, brexit, the ongoing political instability? companies are speaking out, rolls-royce, airbus, what do you think? martin: instability is never good. bloomberg withn ed a few weeks ago and we talked about my view of brexit. tohink britain will be back where it was when i was a kid living in england. c, the common market relationship in the 1970's. we will eventually end up back there. it was a time, there is a lot of noise and politics in between. long-term.appens, europe needs britain and britain needs europe. too much trading and wealth. too many people want to buy bmw's for europe to go hard. it will take time to reach equilibrium. there is a lot of noise and instability in between. i am a long-term person and i think and long terms. over the long-term, that is where you will end up here it opportunity for people to trade around it. i could not say the short-term. ed: you have had a busy year, we talked about deals for nomad and your brands later. the future direction of the chemical business. what else is on the horizon and what should we see coming out of you next? martin:

u.k. government. comcast could still present a counter offer. maria, thankand you. how the stocks move when we get into the open. keep a close eye on airbus.5 billion deal with jetblue. and you may be confused. this looks awfully like a bombardier c series. taking advantage of what is an incredibly advanced aircraft in many ways. it will be interesting to see whether the sales team is able to deliver more for the c series 22. 0. we will hopefully be talking to reaction.get tehiheir it is the miners that are going to be the big focus. we are hreading -- heading for a negative start in europe. the metals are going to be a big focus. the market open is next. 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 across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. guy: a minute to go until the start of

u.k. time. ♪ manus: a very warm welcome to "bloomberg daybreak: europe." we have a feast of breaking news for you. first up is airbusat one point 2n billion euros. to understand the gravity of brexit, this is one of the companies that broke cover to tell us in terms of what it might cost. let me get a little bit more of a breakdown for you. confirming the critically important part, first-half revenue comes in at 25 billion euros. let's get a more -- a little more details for you. share, thegs per market had penciled in nine -- 903. expertsa whole host of out there, some more numbers for you on roche. they now see sales at mid single effect.nd a constant so it's raising the guidance, very different than some of the others we have seen. core operating profit comes in at 11.16, a comfortable beat on the 10.40 6 billion at the market was anticipating. anheuser-busch, anybody for a bud? adjusted earnings per share above 10, that is amiss. the are ready revenue, this is a considerable miss for airbnb. they came in at 4%. the market was looking for 5.7%. brazil is the second-largest market. big were hoping for that boost f

u.k. tries, they come up with something, which from brussels standpoint is more unreasonable. we have already heard the warnings from airbuso are right now we have to extricate ourselves from the supply chain, which was built up over these years. the other interesting point -- the goods and services are intertwined. there was an example about elevators. you sell an elevator, you say that is good. what about the services that go with it? even just a clean distinction between goods and services is actually messy. tom: to the points of goods and services intertwined, so i the banking systems. just as one proxy of deutsche thatwants to roll over, signals urgency within financial europe. are we anywhere new that consequence, where deutsche bank enjoys new weakness? davide: financial services in my view, in part because the regulator in europe, ecb had made clear there would be no such thing as a soft brexit. a regulator is a regulator. in tokyo, we are applying for , and in tokyo you behave like the regulator asks you to. nobody cares. in europe, it will be the same. , 2019, the of march ecb will be in charge in europe. if you'