the u.s.ate market trading, we did see the sentiment recovery as president trump said he recently spoke to chinese president xi jinping. the s&p 500 fell three chance of 1%. the nasdaq down a quarter of a percent. interesting to see small caps outperformed large-cap sweet the dollar held near a two month high. u.s. futures gaining 1/10 of 1%. let's see how we are setting up for the asian open. paul: new zealand has been trading for a couple of minutes now. not a lot of action across the terminal at the moment. the index looking kind of flat. futures out of australia also looking at little weak. the ask hit a record high on tuesday. we do have second quarter cpi numbers out of australia later on. a data heavy day. nikkei futures higher by 1/5 of 1%. keep an eye on -- it slide tuesday afternoon on news of bad loans. mitsubishi, ufj reporting todayk, futures a little weaker as well. samsung is a big one we are watching out for. we will also have korea and doctoral production numbers -- industrial

he u.s. pulled out last year. iran has reached low-level limits. and is moving toward weapons grade material soon. >> we will take the next step. if you want to express regret, do it now. our advice to europe and the u.s. is to go back to the negotiating table. to respecting the resolutions of the un security council. all of us can abide by the nuclear deal. >> global meadows, 24 hours a day -- news, 24 hours a day. this is bloomberg. >> u.s. and chinese officials set to resume trade talks in the coming weeks. >> i don't know precisely when. they are on the phone. schedulinge face-to-face meetings. lots of communications. china's bring in our correspondent selina wang. what is the significance of this? what do we know? >> it provides detail how the countries are going to proceed with talks. sayingy upbeat tone, this is not actually trade war this is just a dispute both countries have. thoughing said, even trump and xi did reach this sort key differences do remain including the enforcement mea

u.s.eopens after independence day celebrations. the cash trade is less than 30 minutes away. ♪ anna: sweeping cuts. job losses at deutsche bank may go deeper than just equities and rates staff. the restructuring plan will be finalized this weekend. on hold for payrolls. analysts expect the u.s. economy to add 160,000 jobs this month after a dire report last month. will could a miss mean for the fed -- what could it mean miss for the fed? iron ore prices slump the most since 2016. keep an eye on miners at the open. less than half an hour to go until the start of the european equity trading day. we were without the u.s.. the u.s. was celebrating independence day yesterday. we are without that legacy to build on. we are waiting for the payrolls numbers, as we have been saying in our headlines. we are in a holding pattern. ftse futures suggesting in the event of downside, but review the european -- suggesting a little bit of downside. gmm. have a look at the it gives us a picture of what has b

u.s. liquefied natural gas as well as the competitive outlook for elegy. america natural gas production has literally change the game, we say that a lot around here about that, but, it has been a game changer. our production has started to the levels that many never even thought possible a decade ago. this in turn is boosting our economy as well as our national security. it is providing a long-term low- cost low emissions source of energy for our manufacturers and residential consumers alike. we have such a massive resource base and that we can send substantial values abroad. we are now leading the world and natural gas production, hopefully soon we will also lead in exports. mobile demand for lng, we know is increasing. more u.s. lng export facilities are coming online and more of our friends and allies around the world are building import facilities. for the first time since the 1950s we are now a net exporter of this abundant resource and our production is driving the formation of a glo

u.s. jobs market. pressure on paris. washington launches an investigation into plans to tax big tech which could mean tariffs on french goods and services. and the u.s. has just weeks to -- the task is proven near impossible. impossible.ear shery: equity markets near record highs with the s&p 500 at one point top and 3000 for the first time ever. industrialsnd weighing on the index. the focus was entirely on chairman powell's testimony in congress which suggested a july rate cut was on the table. not to mention we got the minutes from the june meeting. that also showed a dovish turn. followed that was factored into the markets in this session. of course we are not done yet. chair powell testifying again in congress tomorrow at the senate banking committee this time on thursday. and we also have the ecb minutes out not to mention u.s. inflation numbers. for the time being, asia futures -- s&p futures holding study. let's get a check of how markets in asia are shaping up. sophie: this thursd

the u.s. china trade talks. the boj expected to downgrade some projections as well as lower inflation forecasts. pmi datapanese flash and earning seasons taking off in earnest with names reporting in south korea. of updates from aussie companies. 64.4.lia's flash pmi, >> think you very much. let's check in the first word news. on the first word news. >> the u.s. justice department looking at whether companies are harming competition. they will express -- address concerns people have expressed about social media and online retailers. it is the latest sign of official scrutiny by washington. facebook and google parent alphabet fell. warningbusiness is incoming prime minister boris johnson he must avoid leaving the european union without a deal. he will enter 10 downing street reiterating his pledge to leave by the end of october,, whether october, whether or not a deal is in place. >> today at this pivotable in our history, we have to reconcile two sets of instincts. between the desire for frien

the u.s. and the union.n . the featured speaker is a brexit negotiator who also serves as director general of trade for the european commission. william: welcome, everyone. i am glad you are here. it is a great honor for me to introduce savino -- weyand, who is the new director general for trade in the e.u. -- in that you commission. she took over the position a month ago and this is her first in washington. csis is happy to have her here to make some open remarks, then she and i will have a conversation that will touch on a number of issues. then we will open it up for your questions. land for trade. prior for this, she was the deputy chief resident negotiator for two and a half years, which had to the one of the difficult jobs in the e.u.. i told her that if we invite her back a year from now, we will ask her who was harder to negotiate with, the british or the americans. i am sure we would get a polite historybut, she has a in a number of positions of significance inside the european commis

but u.s.uppliers suddenly stopped supplying us, so we had to make adjustments to our supply chain, including our process of purchasing, manufacturing, and living products. we will do the adjustments to our supply chain. we will change to other suppliers and use our own chips for the core components. i think the damage to the u.s. suppliers is even bigger than it is to huawei. we will have to manage continuity internally. the damage to the u.s. supplier is direct as they lose a customer. if the u.s. removed huawei from the entities list, that would be a solution. tom: what impact are you seeing on demand for your 5g equipment given the u.s. campaign to block access to huawei? mr. hua: although the u.s. has been launching a campaign among its allies, it is up to each country to decide its partners based on its own development demands telecommunication , demands and carrier infrastructure construction demands. i think there might be some impacts in places like australia, but there are others who

the u.s. is the biggest economy it's the richest and it should get more of a say but the appeals body is not run like that he thinks that they should have more judges so that the u.s. wins more of these cases it will take things like this before you. colfer reform as they say with 164 members but even getting the whole visibility yeah exactly back to the tariffs just briefly who's going to hurt most from these additional all these threats of additional 4000000000 dollars in tires well the u.s. futures stop plummets of the debt so the future ship stocks that little and u.s. spirits come so has criticised the times in arms last i said they're going to negatively impacts farmers retailers they they actually a lot of their membership are you based and drinks companies as well they just don't want it the u.s. is obviously. has the e.u. rather his has a nudge them coming to tariffs and earlier this year they're obviously really worried about the u.s. coming off the e.u. cars which would massively da

u.s. president trump had dinner with the queen trump reveled in the royal treatment traditionally reserved for a select few britain's special friends but then came the leak the whole world knows what the u.k. ambassador thinks of president trump tonight london in washington in a royal mess that special relationship is suddenly a strained strange relationship berlin this is the day. a frenzy very clear the way he feels about the ambassador and his comments last for out of washington i think he's a fine public servant has done a very good job you should look at the president tweets we're not always going to agree with each other. that the british government will be trusting the seekers and it looks like we're on the precipice of having a prime minister. well i've got a good relationship with the white house. also coming up italy shuts down one of europe's largest migrant centers and warns boats carrying rescued refugees no docking no well tonight a special report on fortress. lampedusa is at

u.s.egulatory scrutiny in congress being felt across the market as tech stocks underperformed in today's session with the s&p 500 now holding the five-day rally. we had president trump's comments on tariffs dampening sentiments as well. tech giants took a hit. we had energy producers leading some of those declines as we continue to see the selloff in oil markets. we had u.s. bank earnings. they little bit mixed. goldman sachs managed to jump after beating the unit. we had some strong data out of the u.s. when it came to retail sales. that sent yields higher but at the same time, chair powell speaking in france about taking appropriate measures to deal with the economy. that led to the yield level being paired back a little bit. u.s. futures not doing much at the moment but let's see how we are setting up for the session in asia. sophie: midweek in asia, futures are pointing lower in sydney, seoul, and tokyo. a two-day decline. datadney, miners with the on tap and iron ore prices at a five-

keeping u.s.onductors and other equipment maker's at the forefront of the industry is really a big, a bigger national security issue than penalizing huawei. that is generally the argument that the chipmakers are making. emily: are these tech ceos asking for the ban to be lifted on all products, that the u.s. sends to huawei, or only particular supplies? i understand there has been differentiation between consumer products like computers and smartphones, and products that would be used to make huawei's 5g the quit. -- equipment. tom: the trump administration has made this delineation between products that it continues -- considers a national security threat compared with products that aren't in that category. we haven't heard from the semiconductor industry, exactly how they are making that distinction. the sense is they want to have a great deal of freedom and what they sell to huawei. they are saying a lot of what they do does not cause it to a national security threat. paul: bloomberg technology

we are hearing the u.s. is also talking more about curbs on steel when it comes to china, as well as vietnam. still extending the tariff target list here in this part of the world. that could still be a risk when it comes to markets. seeing the likes of asx 200 up 6/10 of 1%. we are getting close to the 1% high with sydney stocks. look at the dollar. interesting to know what we have seen when it comes to the thai baht, continuing its strength. we heard from the blt. -- bot. thailand officials are worried about the strength. it will be worries some whether it will continue on the reluctance to ease a little bit more. the central banks seem to be tilting more. thai baht is strengthening a fifth of 1%. remedy is looking strong -- renminbis is looking stronger after we heard from president trump on twitter accusing china, as well as europe, as currency manipulators. our guests saying it will take a lot for the u.s. to intervene. let's see what we are seeing when it comes to commodities. this is pulling back. alu

the u.s. says it is working to form a military coalition to protect shipping waters off the coast of iran and yemen. elephant oh how everyone i'm come on santa maria and this is the world news from al-jazeera the diplomatic row between the u.k. and the u.s. continues president drum calls the u.k. prime minister foolish and the ambassador stupid. china demands the u.s. immediately cancel a $2200000000.00 sale to taiwan and how france's environmental ambitions will see travelers paying more to fly out of the country. so the u.s. says it is attempting to form a military coalition to protect shipping off the coast of iran and yemen they trumpet ministration has blamed teheran and its proxies for several attacks on tankers in the gulf in the past few months remember a 5th of the world's oil is traded through the area. i know they're a commander in iran's revolutionary guard issued a new threat against u.s. bases and aircraft carriers in the region saying they would be destroyed if they made a mista

u.s.utures edge higher on independence day. traders are looking ahead to payroll numbers that could be make or break for the fed. scott morrison drive's sweeping tax changes to beast -- boost australia's economy. shery: narendra modi under pressure to make good on his promises in friday's budget. happy july 4. u.s. stock and bond markets closed on the independence day holiday. let's see how things are shaping up for the asian market. sophie: tgif here in asia and happy fourth to our american friends. here in wellington, kiwi stocks opening higher by .1%. we could be looking at a muted start. samsung earnings day, and we could be looking to extend gains after being boosted by .emiconductor suppliers in tokyo, we could see potential at thes for the nikkei end of a choppy week. tvs is the latest to downgrade japanese equities. paul: thanks very much. let's get to first word news now with selina wang. na: brexit cheerleader boris johnson has told the conservative party campaign split forat the

the u.s. wants china to buy more farm goods, china wants the u.s.trictions on wall way -- on huawei. and germany, chancellor angela merkel so she has been feeling good and plans to serve out her term. there has been concerns about her health. she has been seeing trembling at public events. in california, oil producers are bracing for a crackdown on drilling. kevin newsom has fired the cheap right -- the chief regulator. mexican drug lord known as el chapo has banished from his jail cell in manhattan and no one is saying where he is two days after he has been given a life sentence. his lawyers say they do not know. the marshals service will only say he is in custody. he is likely to end up at a super max prison in colorado. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am courtney donohoe. this is bloomberg. vonnie: thanks, courtney. shares of software provider my dalia are searching on their first day of trading. joining us live from the new york stock exchange

we have the u.s.sm manufacturing gauge showing the orders stall the last month and that is coming on the back of factory reports across the world showing weakness in the manufacturing sector on the particular sector of the market. the nasdaq gained 1% in u.s. futures at the moment unchanged. we will see how we will set up for the markets in asia. on sentimentk seems to be persisting so far. we have new zealand trading in the past couple of minutes, up about 1/5 of 1%. futures and city pointing higher by one third of 1%. looking a little weaker and futures for the nikkei trade out of chicago turning flat as you can see. let's get a check in the first word news. bank isuropean central singling more stimulus is on the way amid continuing worry about feeble euro zone inflation. philip lane says recent measures have been affected and more can be done if needed. investors and economists predict the ecb will cut interest rates in the coming few weeks with the deposit rate almost at the record low of -0.4%. e

the u.s. president calls and other nations to protect their ships. corpus galore, boeing shares drop. europe, the new chief executive, we hear from the head of the groups china's business exclusively. this is long-term, we have one of the biggest production bases. nejra: welcome to "bloomberg daybreak: europe." 6:00 a.m. in london. williams, andom the markets react. bond markets price 41 basis points, we have pulled back from that, but yields across the curve. yield, to your yield drops below 1.80. we move up three basis points today. we see dollar reaction to the fed speakers. yen, and japan inflation data pushing the yen weaker. the youngf equities, affecting asia, but u.s. futures on the front foot. today's get gains in session. gold hitting a fresh six-year high. brent jumping on concerns around geopolitical risk around the strait of hormuz. juliette saly in singapore with lots more for us. a pretty happy friday for asian equities today. a strong rebound coming through in japanese stocks,

so far the u.s. has imposed customs duties on chinese goods valued at $250000000000.00 china has responded with tariffs on $110000000000.00 worth of goods and all $360000000000.00 worth of merchandise is affected by the trade dispute to avoid further escalation and chinese president xi jinping agreed to a form of cease fire at the osaka g 20 in june however heading into this round of talks there is little sign of agreement from either side. we spoke to china expert richard mcgregor and i asked him how likely it is that china will back down. i think they're settling in now for a long trade war they're not nearly as exposed to the us as the market as they once were they're not nearly as reliant on export exports as they once were about i think china is hurting it's chinese private companies which the exporters are hurting most china sort of premie our technology company our way is also under a lot of pressure but i don't think china thinks it will get much by giving away a way to the u.s. so they're re

the u.s.obs report. speaking of jobs, deutsche bankers across the region will learn their fate after the board decided to shut down its equities business. mind, southo top of -- to discuss japan's export curve. let's get a quick look on the lira area we did see it slide as much as 3.5% after her to one -- after president are one -- reading the 582 handle against the dollar and threatening the currency. thanks very much. let's check in on first word news with lindo wing. -- selena weighing. reporter: the conservative democracy party has won a sweeping victory in greece, giving a mandate to rebuild the economy after 10 years of crisis . they took 40% of the vote compared with 31% for the leftist party. he lost support after agreeing to demand for more spending cuts with international creditors. top what has economic advisor larry kudlow expects u.s.-china trade talks to be back -- they haven't held negotiations since mid-may. they resumed talks on the phone. they agreed to review -- revive conta

u.s. industrial exports to avoid a war of tariffs between the e.u. and the u.s. . a welcome to the business asia berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a stick tacuba start today share prices soaring one company angy microelectronics technology jumped by more than 400 percent a so-called stock market is part of china's attempt to assert itself as a global tech leader $25.00 companies from i.t. and other sectors listed on the new tech board which is operated by the shanghai stock exchange china has the world's 2nd biggest equity market behind the u.s. but it's been criticized for high levels of speculative activity and a lack of governance. lots to talk about and i'm happy to have a reporter cliff it couldn't here with me in the studio who knows china and was taking a closer look at this new take a market and mazing launch to the stock market what explains of success on day one well it's only 2015 that we there were billions lo

u.s. sanctions. u.s. president donald trump wants to pressure tehran into more concessions over its nuclear program he says his strategy is working a rather showing their colors going to work out very nicely a rat is in big trouble right now their economy is crashing it's coming through a credit droid to bring soldiers back home because they can't pay a lot of bad things happening to them and it's very easy to straight out or it's very easy for us to make it a lot worse but with one 5th of the world's oil exports routed through the strait of hormuz the standoff could also spell trouble for the global economy. atlanta but have by is a middle east analyst based in germany and he joins us now for more so it really does appear that iran is provoking the united states and also its allies is there a real danger that the u.s. will retaliate military it militarily and that we're going to see a full fledged war 1st of all both the united states and the united kingdom will be aware of iran respondin

the u.s. says it is working to form a military coalition to protect shipping waters off the coast of iran and yemen also a diplomatic route between the u.k. in the u.s. continues president trump calls the british prime minister foolish and the ambassador stupid. the internet's finally back on in sudan a month after the military crackdown that killed more than $100.00 people and how france's push to be more environmentally friendly will see consumers paying more for their flights out of the country. so the united states says it is attempting to form a military coalition to protect shipping lanes off the coast of iran and yemen the trumpet ministrations blames teheran and its proxies for several attacks on tankers in the gulf in the past few months a 5th of the world's oil is traded through that area earlier a commander in iran's revolutionary guard issued a new threat as well against the u.s. bases an aircraft carriers in the region saying they would be destroyed if they made a mistake. now ira

the u.s. and china the trade agreement, which is weighing on the overall outlook for the electronic sector and for demand in that industry we saw japan put restrictions on south korea, that would make it more difficult for samsung to get some required parts it needs to make chips. chips are the most profitable part of the business it's an seen the initial part of this company's bottom line we saw a drop in shipments to huawei so huawei buys chips from samsung, inned addition to crean its own chips. the outlook for samsung could be bigger in the smartphone picture, but there's also a chip supply glut. >> you mentioned the idea that if huawei faces restrictions globally, samsung could step up and say we'll sell more smartphonesto people who would be buying huawei if huawei is one of your biggest customers for chips, that comes with an edge >> it's such a push/pull between the companies, each has really made a push to make their chips inhouse. samsung, that's the biggest part of its business. if

u.s. security sector assistance in afghanistan and was the project lead for the report we are going to be discussing here today, sector from security defense in afghanistan. serving as a proverbial long pole in the tent for u.s. strategy in afghanistan over the last 18 years. so certainly many lessons in best practices to be unpacked not only here today, but anchorage youtube dig into the report as it pertains to afghanistan and also the broader u.s. security sector enterprise. without further ado, i'm delighted to introduce mr. john sopko. john: thank you very much. for that kind introduction. it is a pleasure to be here. i want to thank my good friend, jon hamm rate, as well as melissa for today's invitation to discuss our sixth lessons learned report that looks at the divided responsibility for security sector assistance in afghanistan. i have been privileged to enjoy a long and strong relationship with csi s. . going back to its finding. thate continued relationship since i have been h

as expected the u.s. federal reserve cut interest rates and believes many scratching their heads that the u.s. economy is strong why the need for even cheaper money is. also on the show go breakthrough no progress no deal the 12 rounds of u.s. china trade talks ends with the same result as the previous 11. and the new british prime minister brings new worries for business with the brics that brinksmanship into much dreaded no deal. this is your business report i'm stephen bears in berlin thanks for watching it's a modest cut interest rates that has some scratching their heads the u.s. federal reserve has lowered rates by a quarter percent despite strong economic indicators in the country officials pointed to softening business investment and muted inflation it's been a long time since the last rate cut almost 11 years in fact that was december 2008 on the tail end of federal reserve efforts to prime financial markets during the recession it's only gone up since then in line with the recovering and eventua

u.s.ariffs. business surveys suggest rising stress among small and medium-sized enterprises with the government expected to offer more support. bloomberg intelligence says market sentiments improved towards the end of the month after the u.s. and china reached a trade truce at the g-20. president trump is insisting he has not given up his campaign to put a citizenship question on the u.s. census form despite hadrts his administration dropped the issue after the supreme court ruled against it. he tweeted that any news of the commerce department abandoning andquestion are fake insists the administration is moving forward with the plan. under one million people have been told to seek safety as torrential rain continues to batter the japanese island of .iyoshi the government may issue an emergency warning only used for severe events that occur once in decades. the storm is expected to drop as much as 35 centimeters of rain in the coming hours. global news 24 hours a day on air and at tictoc on

buthe u.s.decision to take away the program sets the afghans back but i don't think we have been transparent enough to say that isn't a result of the afghans but it's a position which we need to be transparent about that ticket that political will and commitment. it's to understand what our decisions do. to show them progress over time we also need to talk about in the u.s. military you are not going to have a lieutenant colonel or colonel in five to ten years so we are starting to see now is this next generation of the nato advised forces coming in to the fold to the positions and they are highlighted as the good news stories so i think we are starting to have some highlights we can show that say this is the outcome of long-term security, but i would argue that the new generation still it's too early to judge completely as far as the ability to do something. >> if i could add to that. if you read the report, the common refrain is to be honest to the taxpayer and more honest congress as to the l

u.s.ou can see it was all in red. the s&p 500 and major indices coming down from those record highs. the dow at the lowest level in two weeks. we had tesla, ford taking a hit. of course, lingering concerns over the global automotive market. will sustain the largest fall in about a month. facebook had impressive results less night, but despite that, we have that ftc probe also weighing on the stock, so it was down today, weighing on sentiment. we also had the ecb president, mario draghi, being a bit less dovish than expected. if you can bring up that euro chart we have, we have seen big fluctuations swinging between gains and losses in the previous session. initially plunging against the draghi left mario rates unchanged, but then a significant degree of monetary stimulus is needed and the outlook is getting worse and worse, that led to a euro spike and sort of initial unchanged, but of course, we will keep a close eye on what happens throughout the rest of the asian session as we see how t

for the u.s. financial services company capital one has revealed that the personal information of more than 100000000 people was still during a cyber attack at risk and names addresses and phone numbers of credit card applicants in canada and the u.s. including yours truly a suspect we understand was arrested on monday capital one says the hacker exploited a weakness in its systems that's how they described it let's talk about that now here from our d.w. business stephen beard so stephen this what they're saying one person has been arrested in connection with this but this is as you correctly have said this is a case of locking the door after the horse has left the stable right in this case this is something where the person was arrested the crime is the fact that this alleged perpetrator broke in took these files released them but obviously more crimes can happen with all this information that's out there and that's the biggest concern is that it's not over for people the fact is this is the new

you u.s. president donald trump and british prime minister tourism a german chancellor angela merkel and french president emmanuel. as for the place i think alexander lukashenko will be happy to host us in minsk means money we are not changing or dismissing any diplomatic formats. we are offering to talk. since we need to talk right. artless pulling our correspondent economy he is in kiev this evening where that meeting between the e.u. and ukraine's new government is taking place good evening to you nick what do you make of president. sending out i guess a video tweet if you will to russian president vladimir putin saying we need to talk what you make of that. well bret he certainly has a talent for the political sound bite right this is a guy who spent most of his life in show biz and it shows i don't think in reality that this has all too much to do with the real nuts and bolts of diplomacy i can see treason made joining joining president trump in minsk to talk with and selenski this was a

george: i think in the u.s., the fiscal side has broken. the u.s. is spending roughly -- deficits, 5% of gdp. the government is spending pretty aggressively. it is a start contrast to what's -- it is a stark contrast to what's happening in europe. what bob is talking about, one of the biggest challenges is the difference between the fundamentals and the technicals. the fundamentals from our opinion would tell you that we are close to trend, inflation is starting to bottom, the corporate sector is healthy. that the consumer is doing ok. all those things are good, strong fundamental positives. it is the negative yields externally and the excess savings that continue to flood into the u.s. that will put downward pressure on the u.s. overall but the drive to go dramatically lower would have to come from a big compression in spread and growth differentials between the u.s. and the rest of the world. that is where we see some limitation. that is where i think, that is why i think the u.s. 10-year has had a hard time breaking through 2%. roughly 170 basis

u.s. curve is now below with the upper bound of the fed funds rate, which is worth paying attention to as well. what messages is the market sending? euro-dollar going nowhere in a hurry despite protestations from the president of the united thees that the europeans in chinese are using their currencies for competitive advantage. today absolutely flat. on that note, let's get the bloomberg first word news update with olivia hows. olivia: at the vatican, russian president vladimir putin met with pope francis. russian officials said the meeting would focus on syria and ukraine. tomorrow the pope is due to hold inks to discuss the conflict that country. british forces have seized an oil tanker allegedly carrying oil from iran to syria as a demand from the u.s.. there is growing concern that the 2015 nuclear treaty with iran is about to collapse. president trump warned iran not to increase nuclear a richmond. iran -- nuclear enrichment. iran has said that is what it will do if europe does not o

to criticize them the u.s. could stop the saudis from bombing yemen for example it could stop the u.s. aid from shipping arms clandestinely to various rebel groups but the u.s. chooses not to do so because it would run counter to the economic interests of the arms industry and the geostrategic planning of people in the state department and of course might interfere with the oral business the u.s. runs throughout the region. finally woman has been kicked off a british easyjet flight for wearing clothing that was too revealing. a 31 year old mother of 2 was heading home from her holiday in spain when a flight attendant that left didn't that are on board wearing miss the attendant said she needed to put a top i've seen 3 blankets but also a pool and say she complied with the request and still wasn't allowed on board having to spend the night at the airport as a result. i know the show my buddy the tome but i feel spontaneous as i wasn't home it made me feel so self-conscious the crew and mainly through cheap she s

policy towards iran with u.s. policy towards north korea you've got 2 completely different pictures they are you've got north korea which has nuclear weapons being treated being legitimized by the u.s. president and iran the total opposite do you think iran is maybe thinking that it too can become the next north korea. well perhaps i mean north korea has shown that by testing a nuclear weapon it can exit a great deal more influence on the world stage and and try and circumvent the isolationism that it's experienced in recent decades but let's not forget the iranian case is dramatically different it's a signatory of the number of ration treaty but it also exists a great deal of influence across the region broadly and that's incredibly different to north korea so iran has numerous cards to play in this game and it's this regional influence that has been a serious cause for concern for many in washington but also for key u.s. allies in saudi arabia and israel so i think it's dramatically different but north korea has

and u.s. condemnation the u.s. state department says turkey is being provocative by sending 2 ships to explore off the coast of the politically divided island it says energy resources should be shared equally between turkey which controls the northern part of cyprus and the greek cypriot administration in the south center of course all has more from istanbul. the discovery of oil and gas in the eastern mediterranean has been a reason of conflict and tension between cyprus and turkey for a while that goes back to an ethnic conflict conflict in in 1974 which split the island between turkey speaking cyprus and greek in greek speaking cyprus and. the turkish speaking cyprus up and the north proclaims independence which is recognized by only turkey and this is why there are overlapping claims on the continental shelf borders or exclusive economic zone borders on the waters of it's the mediterranean between the greek side and turkey turkey says' it is free to explore and drill energy resources in the eastern mediterranea

ambassador to china, former u.s. commerce secretary, and former governor of the state of washington. thank you for joining us this morning. we ask you to come on as part of your co-chairmanship, honorary co-chairmanship. we are talking about trade here. tell us about your organization and what you are looking to do right now. guest: i'm very proud to be part of this organization, which is made up of so many different industries and business groups from around the country. including agriculture, manufacturing, minority chambers of commerce, pharmaceutical companies, and it is really to promote the passage and approval of congress for the usmca. 2.0nd of call it nafta because it is modernizing nafta, which was approved by the congress more than 25 years ago and since then our economy has changed. we have seen some of the defects and shortcomings of nafta. our economy has changed. we now have so much commerce in terms of e-books, video games, music and so forth and we really need to update nafta to both address the shor

u.s.-mexico border is the worst i have ever seen it. i have been reporting on this issue for over 15 years and we're at catastrophic levels. the way we're treating human beings is in no way we have never done in the past. amy: as scabies, shingles, and chickenpox spread among migrant children being jailed by border patrol in texas, we speak to the prize winning john carlos frey, author of the new book "sand and blood: america's stealth war on the mexico border." >> wrote the book to expose our militarization at the u.s.-mexico border. the stealth war at u.s.-mexico border includes casualties as well as all of the pieces of rule. war right inscale our backyard. amy: all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace reportrt. i'm amy goodman. a report by nbc shares new accounts of mistreatment and sexual violence experienced by locked up migrant children at a yuma, arizona, detention facility. in nearly 30 accounts collected by health and human serv

u.s. authorities plan an antitrust as growth in the eurozone shows signs of further shrinking, the ecb makes a key decision on stimulus. >> mario draghi made it clear the european central bank has one way to go and that is lower when it comes to rates. >> earnings reports, how fast -- continue to roll out fast and furious. >> we have been successful with pricing. >> the revenue pressure is not sustaining in the industry. >> it is the teflon company. >> from central banks to brexit, the week's top interviews. >> there is a certain small probability this could be dangerous. >> what is happening to the u.k. economy is not entirely driven by brexit. >> it is all straight ahead on "bloomberg best." hello and welcome. i'm juliette saly. this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. let's start with a day by day look at the top headlines. on monday, optimism grows on signals the u.s. and china

coming up, apple urging the u.s.ts mac pro out of the trade war, but president trump says the iphone maker -- plus francis coming up with its new digital tags and trump is going to strike back, discussing what it could mean for tech giants like facebook and amazon. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. ♪ emily: this is "bloomberg technology." i'm emily chang in san francisco. apple and goldman sachs' new credit card is weeks away from launch, possibly as early as the first half of august. the apple card was announced on stage at an event in march, enticing consumers with no fees, iphone integration, and a priv

u.s. and china, at a certain point in their relationship, -- are at a certain point in the relationship, and we have exit in europe. brexit in europe -- europe. the key question for investors is, whether a combination of central-bank action and political rationality comes together to provide this nominal growth. guy: let's say we don't get the latter but we get the former, is the fed cuts enough? jonathan: if you don't get a big step up in the trade war between u.s. and china, getting full tariffs, you hit 2% global growth, so you are seeing a significant drop down in global growth if you see full-blown trade wars. we not heading there. guy: the market is pricing in fed rate cuts. what effect will those fed rate cuts have? will they keep the market story on track at this point in time? the bond markets moved aggressively to the downside. where does the marginal advantage lie on either side of that? 60/40, inning a rebalanced a little bit into the bond story. talk to me about what is going

the 1st sitting u.s. president to visit north korea who would have thought the world's most militarized border to boot they shook hands again and talked him german and trump trying to revive denuclearization efforts that were clinically dead made some progress so we had to start small form teams to find common ground little things that could lead to bigger ones and spoiling everything as is tradition now those sanctions this thing on memory are some point look i'm looking forward to taking well i don't like sanctions bring on his country i'm looking forward but the sanctions remain useful but at some point during the negotiation things can happen and that's what we'll be talking about promises promises it was sanctions the torpedoed the last summit and the state says trump until this verified denuclearization progress however long that takes and that's what bugs north korea how can 2 sides have meaningful honest discussions when one of them is on its knees being strangled by the this is a manifestation of

of u.s. forces or u.s. personnel is filled and we are in a situation where we have to can want militarily. forces.ed them for israel, there is a debate now on the hill, more in the them aquatic caucus than the republican about the future of u.s.-israel relationship. there was no question that the relationships are expanding. is it in our interest for these countries to be working together? assistance to syria. the trumpet ministration cut off hundreds of millions of dollars but said he syria has stepped in now. the first entity to be paying dollars. we want to talk to adam about where they can share the burden. one of the key premises of the healthy tour wrap, is if we do not give the iraqis options other than iran, despite everything i laid out about the troubling developments coming out, there has been an opening from the government of saudi arabia. there are efforts. that might be in the interest to continue to develop. clear., just to be sustainable, meaningful change. not seniorly meetings or senior st

the u.s. military shot down an iranian drone in the strait of hormuz. iranian foreign n minister mohad javad zarif spoke out again -- against the harsh u.s. sanctions while at a meeting of the non-aligned movement in caracas, venezuela, sunday, calling them "economic terrorism pure and simple." meanwhile, the pentagon has said u.s. troops are being deployed to saudi arabia to defend american interests from emergent credible threats. the saudi kingdom has not hosted u.s. combat forces since 2003 when donald rumsfeld announced their withdrawal. we'll have more on the latest in iran after headlines. president trump isis continuing his attacks on four progressive congresswomen of color after tweeting last weekend that they should go back to the "crime infested places from which they came." they are all of american citizens. trump tweeted sunday -- "i don't believe the four congresswomen are capable of loving our country. they should apologize to america and israel for the horrible, hateful things

the u.s. has announced a few asylum rules which seem to stem the flow of migrants crossing the us mexico border the rule goes into effect so in choose stay bonuses expected to be challenged in court the plan bloats migrants seeking asylum in the united states if they have traveled through another safe country 1st without applying for asylum there whatever those who have been trafficked will be excluded from the new rules are likely to affect central american family. he's in trouble through mexico to seek asylum in the united states the announcement comes as a court and guatemala bloke's president jim morales from signing a separate deal with the u.s. that would have designated the nation as a safe 3rd country mexico has also rejected the new u.s. measurements menorah polo has the reaction from mexico city there was pushback in mexico in response to that change in policy announced by the united states the asylum laws and i'll give you we need to talk about the context here if you were a migrant

the growth of the u.s. economy continues to confound expectations on tuesday some of the country's biggest banks reported mostly strong 2nd quarter results covering the period from april to june j.p. morgan chase by total assets the biggest bank in the u.s. unveiled better than expected quarterly earnings although other indicators on central investors its rival goldman sachs saw a dip in its profits but they still exceeded analysts expectations. goldman sachs results were boosted by strong growth and its equities and lending divisions of the revenue slipped by 2 percent year on year. net income also declined even though the bank still posted solid profits of $2200000000.00 for the 3 month period j.p. morgan chase said revenue in its retail bank division surged by 11 percent but investors were concerned about slower loan growth tighter lending margins and soft capital market results net income still exceeded 9200000000 well ahead of expectations. the bank's c.e.o. jamie dimon said positive momentum in the u.

the u.s. and saudi arabia, and the dynamics between saudi arabia and other countries in the middle east. the middle east policy council hosted this forum. it is about two hours. >> i am pleased to welcome you to this conference. the topic today is the saudi arabia united states relationship. many of us have supported this relationship from deepening counterterrorism cooperation to championing women's rights. the challenge for each side is to reconcile cooperation, national security issues, while valueing very different systems. under the current leadership of both countries, these tensions have been brought into sharp focus. the nature of our military operation, human rights violations, addressing regional bad actors and more demand attention and likely change. these issues are ripe for review, and we are fortunate to have an experienced group of panelists today to delve into factors at play affecting the u.s. approach to saudi arabia, i relationship, and its future. today's turn to program, i