u.s. commerce secretary wilbur ross says the u.s. will impose penalty tariffs on imported steel and alum in your products from the european union will come into effect on friday along with tariffs against canada and mexico steel will face a twenty five percent tariff on the minium ten percent after hard negotiations at the o.e.c.d. conference in paris e.u. negotiate is unable to get the u.s. to reverse its position the e.u. has already put together a list of u.s. products which will now also face retaliate import tariffs they range from agricultural produce to famous motorcycles or business ties across the atlantic are now at a new low but u.s. commerce secretary will ross makes it sound like european leaders are just blowing the whole situation out of proportion take a listen the church of your for our room. for a. beer. soft during super because it's all but a fraction of a pony each of those in terms of when order moved it's also a frog should move one bruce. for there come in the overall it's a very small fraction of one bruce re

u.s. commerce secretary however said he saw no need for haste. can be negotiations with or without terms police good news there are plenty of terms. and police one knows who it's not that you can't talk to as we go to terms e.u. trade commissioner cecilia mounts trim rejected that approach she's warned retaliate three measures including a trade war would be on the cards if negotiations fail our future course of action will depend on the nature and the severity of measures imposed on our exports by the united states and the injury it does to our industry and that could mean tariffs on many u.s. products including cranberries peanut butter orange juice motorcycles and whiskey lisa lewis joins us from paris she's been following the talks and mr mccoy has been speaking the french president the e.u. sounding defiant the u.s. so blah as we heard in that report what about the french president. well the french president has said i understand that multilateralism that our organizations the w t o w t o the o.e.c.d. are not perfect but the answer to that to

u.s. commerce secretary brushed off everybody has a remeron. very firmly every country does with others whose loathing weird about. it will get over it in due course in brussels the head of the european commission called it a bad day for world trade promising counter measures that could include retaliate tory tariffs u.s. goods into the e.u. and everything for blue jeans to motorcycles what they can do we are able to do exactly. the same it's totally up to the big contribution to look for measures when it comes to. create france's junior trade minister promised a similar response suggesting the u.s. president may be misinformed. no more for the comes a point when one needs to look at the figures are not surprising. maybe president trump stop having shown him how much those european companies have invested in the united states create a job to assemble and produce. now those u.s. jobs could be at risk just as president donald trump seeks to fulfill one of his top campaign promises to protect the jobs of his supporters in america's steel and alumi

u.s. commerce secretary wilbur ross made the announcement from paris where he was attending an annual trade forum. tariffs of twenty five percent on steel and ten percent on aluminum imports into the united states from canada mexico and the european union all go into effect friday the move potentially sets in motion a trade war with some of the united states most important allies a claim the u.s. commerce secretary brushed off everybody has every now and again very firmly every country with others whose loathing weird about. in due course in brussels the head of the european commission called it a bad day for world trade promising counter measures that could include retaliatory tariffs u.s. goods into the e.u. on everything from blue cheese to motorcycles to come do able to do exactly. the same it's totally up to the it comes to the three measures when it comes to its. credit france's junior trade minister promised a similar response suggesting the u.s. president may be misinformed. the comes a point when one needs to look at the figures and i'm surprised that maybe president trump stuff ha

u.s. commerce secretary wilbur ross i mean trying to play things down but investors don't seem to be buying it u.s. companies are already taking a hit if we take a look at the stocks here's hardest hit right now. you merican automakers for example are suffering because many of them are still importing auto parts from the european union for example told they're going to face higher costs which eventually are going to lead to american cars getting more and more expensive and then there are the food producers they need as a mini i'm sure they can so they're facing higher costs and have to charge higher prices while european or canadian competitors are able to simply dodge the terrorists because they can export their canned goods into north america and then the energy sector is going to be his heart and as the demand for steel is going to stay the same very probably u.s. companies like u.s. steel are going to have to cover it all which sounds like a good thing but these companies haven't been able to work efficiently for low prices that is why impaired imports were flooding the american market

u.s. commerce secretary will ross makes it sound like european leaders are just blowing the whole situation out of proportion. so there are there are for our. own products the beer soft during soup it's all a fraction of a penny each of those in terms of an automobile it's also a fraction of one. for the economy overall it's a very small fraction of one remember we're in a scene surely and our economy the u.s. commerce secretary putting things into perspective for us he says everyone's going to get over this in june time the reaction from financial markets was livelier conrad i saw that dax dip below the. dip down quite dramatically it was basically a vertical line just as that news came out tell me more about the reaction i guess traders think this is going to go on for some time. of course ben and of course this is not the stuff that traders like you know that's not something to inspire and the demand obviously the shares of the steel makers today were hit significantly here in france for two thousand krupa and both in the trading in the red. slapping twenty five percent price increase on

u.s. commerce secretary however said he saw no need for haste. can be negotiations with or without terms please good news there are plenty of terms. and police and who knows who it's not that you can't talk to as we go through the terms. e.u. trade commissioner cecilia mts trim rejected that approach she's warned retaliate three measures including a trade war would be on the cards if negotiations fail our future course of action will depend on the nature and the severity of measures imposed on our exports by the united states and the injury it does to our industry and that could mean tariffs on many u.s. products including cranberries peanut butter orange juice motorcycles and whiskey lisa lewis joins us from paris she's been following the talks mr mccoy has been speaking the french president the e.u. sounding defiant the u.s. so as we heard in that report what about the french president. well the french president has said i understand multi-lateralism that our organizations the w t o w t o the o.e.c.d. are not perfect but the answer to that to t

u.s. says it took this action removing those exemptions now what does this mean going forward in the words of the commerce secretary he says that there could be some flexibility going forward but it will depend on the actions of they sions like canada mexico and also the european union one of the u.s. central cities are doing this in the interest of national security does that mean they perceive the e.u. canada and mexico as a threat. right well certainly this is a question that came up a number of times reporters saying are you calling your allies a threat to u.s. national security in essence the commerce secretary saying yes but the answer is convoluted what he's saying is that when there are actions that are taken by nations in this case with regard to steal aluminum that are what they call transshipments in other words they don't believe the products coming to the u.s. are threatening in any way but that there are other nations like china contributing to the product that then is shipped to the united states that's one concern the other concern is that there's the feeling that the actions of these nati

u.s. commerce secretary will the ross says the twenty five percent tariff on steel and a ten percent tariff on a million imports will come into effect at midnight on thursday but he says the door remains open for negotiations but he didn't specify what measures could be taken. over production of the oil. city throughout the world. so we needed to deal with the in a very global. you can't just deal with the dealing with one country. what's going on now shaun white house correspondent kimberly committee is this it then was that a room for maneuver well there seems to be some room for maneuver but the position of the commerce secretary is that there are prepared the united states have is is prepared for retaliatory measures that they expect and anticipate the fact that there have been steps to mitigate that but at the same time there was a frustration on the part of the united states with discussions with its allies when it comes to canada and mexico as there were negotiations of the north american free trade agreement in the words of the converse secretary he said those discussions were takin

u.s. commerce secretary a huge trade representatives failed to win a permanent exemption to the u.s. tariffs at the start of this month policy may make is to say they will take countermeasures that could damage economies on both sides of the atlantic if they do not get what they want now more refugees are finding jobs in germany two hundred sixteen thousand migrants and now in work and the need for skilled workers is so great to some employees a giving experience refugees a job even without the official training certificates you might think so what's that's a big thing in a country the place is so much emphasis on paperwork. he's only twenty four years old but already a well rounded craftsman use of also honey worked as a carpenter in syria for six years he also sewed in his father's tailor shop there he made everything from curtains to upholstery and even fabric auto interiors. and hutton ghosts which we had a big workshop with a lot of space and why so things there are a lot of businesses would bring us work and we sewed and tailored that workshop is how my father made a living. an

u.s. commerce secretary wilbur ross remained unfazed by the european haste. can be negotiations with or without terms please good news there are plenty of terms. of police on those two it's not that you can't talk to us because the terms. e.u. trade commissioner cecilia mao strome rejected that approach she warned of retaliatory measures including a trade war if negotiations fail with. a future course of action would depend on the nature and the severity of measures imposed on our exports by the united states and the injury it does to our industry and that could mean tariffs on many u.s. products including cranberries peanut butter orange juice motorcycles and whisky the ongoing trade disputes with its uncertain outcome has tainted the atmosphere and is likely to affect the german economy to the o.e.c.d. has downgraded germany's economic growth prognosis from two point four percent to two point one percent. and it has e.w. exclusive all paris correspondent lisa newest quartet with germany's economy minister paid to outline at the conference. mr what is the e.

u.s. commerce secretary wilbur ross to somehow explain the you time c t did do some inappropriate things they've admitted to that the question is are there alternative remedies to the one that we had originally put forward and that's the area we will be exploring very very promptly the inappropriate things he's referring to as the tea illegally shipping us parts to iran and north korea critics say a soft attitude towards china will hurt u.s. business and my worry after this e.t.a. thing is china will offer us some small term palea to they'll say ok we'll buy some of your products. and we won't be tough on them stealing intellectual property on them insisting that we make our goods in china to sell them there instead of allowing us to sell goods here as they are allowed to sell their goods here in america. a series of fact the tweets seemed to backtrack on his earlier stance and now that t e doesn't know where it stands and it shouldn't expect help anytime soon earlier this week a white house committee unanimously voted to uphold the sanctions against the company. over three thousand jobs run mos

u.s. commerce department to get zte back into business fast. shortly after the president's tweet, sunday morning, democratic representative adam schiff tweeted in reply, saying our intelligence agencies have warned that zte technology and phones pose a major cyber security threat, you should care more about our national security than chinese jobs. the u.s. commerce department blocked american firms from working with chinese tech company zte until 2025 saying it violated u.s. sanctions against north korea and lied to u.s. officials. christina joining us now with more of this, it is complicate, right, gina. >> reporter: yes, the president struck a much softer tone when it comes to china. we have heard president trump's stance, broadly on china and zte in particular, this company is one of the largest phone makers in the world, it has 75,000 employees and last year the administration imposed a hefty fine because the company was selling its products to both north korea and iran in violation of u.s. sanctions. just last month the commerce department

to both of you good evening clearly we start with you now as the commerce secretary from the u.s. defended the american decision to slap its allies and its biggest trading partners with these terrorists. the u.s. commerce secretary wilbur ross really tried to turn this on its head saying that european negotiators failed to convince washington not to extend id exemptions to these tariffs either another temporary one or a more permanent solution now this comes after months of anxiety about what the united states was going to do here we saw personal lobbying efforts by french president and manual micron and german chancellor angela merkel who came to d.c. to try and convince trump and not to impose these tariffs on the european union obviously that has not worked out originally when trump said it that this that these terrorists were going to take place he made the argument on a case of a national security he said that it was essential for the united states to have strong steel and aluminum allies excuse me industries domestically because this is necessary to the united states defense

u.s. commerce secretary wilbur ross with the tricky task of explaining the u. turn. c t i did do some inappropriate things they've admitted to the question is there alternative remedies to the one that we had originally put forward and that's the area we will be exploring very very promptly the inappropriate things he's referring to relate to z t e illegally shipping us parts to iran and north korea critics say trumps new softer stance towards china is in comprehensible and will hurt u.s. business and my worry after this thing is china or for a some small term palea to say ok we'll buy your products. and we won't be tough on them stealing intellectual property and then insisting that we may sing for the moves that it will provide leverage in upcoming bilateral trade talks the wall street journal reports that china could scrap plans to impose tariffs on american farm goods in exchange for the u.s. savings. well let's bring in our financial correspondent on wall street now yan's quarter yet why does a company which violated sanctions being supported by the very preside

u.s. commerce secretary new trade representatives failed to win a permanent exception to the u.s. terrorists at the start of this month he'll policymakers say they will introduce counter measures that could damage economies on both sides of the atlantic if they do not get a permanent exception german chancellor angela merkel said on monday that she is willing to continue negotiations and hopes that there won't be a need for retaliatory measures. chance in their group using the opportunities of globalization well that the same time reducing the risks is something we can best achieve together but instead of that we see that multilateral initiatives are being questioned international agreements and institutions are being weakened solutions that have already been found i'm not finding support and you know lecture of the approaches are being launched this is worrying. so the chancellor is worried and for more i am now joined by the economist to the macro economic policy institute at the house but the foundation a think tank that works closely with the confidence of german trade unions

u.s. commerce secretary trade representatives failed to win a permanent exemption to the u.s. tariffs at the start of this month e.u. policy makers say they'll take countermeasures that could damage economies on both sides of the atlantic if they do not get what they want. german chancellor angela merkel said on monday she's willing to continue negotiations and hopes they won't begin need for retaliatory action the strongest in the group by using the opportunities of globalization for that to same time reducing the risks is something we can best achieve together but instead of that we see that multilateral initiatives are being questioned international agreements and institutions are being weakened solutions that have already been found are not finding support and unilateral approaches are being launched this is worrying. more refugees are finding jobs in germany that's according to official employment data it shows some two hundred sixteen thousand migrants are now in work making social security payments at the jump of about sixty percent over last year researchers say the da

u.s. commerce secretary wilbur ross says the u.s. will impose punitive tariffs on in portage steel and aluminum products from the e.u. they come into effect on friday along with tariffs against canada and mexico steel will face a twenty five percent tariff an aluminum ten percent. after last ditch negotiations in paris you negotiators were unable to get the u.s. to reverse its position the e.u. has already put together a list of u.s. products which will now also face retaliatory import tariffs they range from agricultural produce to motorcycles. well as we try to digest what this all means let's bring in the washington correspondent claire richardson and your correspondent get your comment this hi guys claire want to give you the first word a busy times a where you are america breaking bread with a north korean spy master and slapping its allies and biggest trading tariffs partners with terrorists how do you explain that absolutely it's been a busy week here in washington but look this decision comes after months of uncertainty surro

u.s. commerce secretary however said he saw no need for haste. can be negotiations with or without terms police news there are plenty of terms of the police and who knows and so it's not that you can't talk to us because the terms. e.u. trade commissioner cecilia mounts trim rejected that approach she's warned retaliate three measures including a trade war would be on the cards if negotiations fail our future course of action will depend on the nature and the severity of measures imposed on our exports by the united states and the injury it does to our industry and that could mean tariffs on many u.s. products including cranberries peanut butter orange juice motorcycles and whiskey. nice to see they've got the shopping lists ready let's go of the conrad boozing and see what he thinks is a financial correspondent in frankfort colorado i'm betting we're not going to get anything out of these talks what do you think. well i think we have reason to be pessimistic mr ross is you know more of a hardline protectionist in the trump administration somebod

u.s. commerce secretary wilbur ross makes it sound like european leaders are just blowing the whole situation out of proportion have a listen to what he had to say a short while ago terrorists are for auction one for us own products the beer soft during. it's all a fraction of a penny each of those sermons are going automobile it's also a fraction of one percent. the reaction from financial markets was livelier conrad i saw that dax dip below. dip down quite dramatically it was basically a vertical line just as that use came out tell me more about the reaction i guess traders think this is going to go on for some time. of course and of course this is not the stuff that traders like you know that's not something to inspire any demand obviously the shares of the steel makers today were hit significantly here in france for two thousand krupa and both in the trading in the red. slapping twenty five percent price increase on european steel products in america that makes a large part of those products uncompetitive in the u.s. but that's not the only problem a steel makers here in europe fear a cas

u.s. commerce secretary wilbur ross is speaking live at a panel in paris.ned against obsolete concessions in global trade. lust, stephenson resigns. the rbs chief finance officer unexpectedly quit. the bank says its search for a replacement starts now. we're watching rbs shares and banks across the european union. good morning. welcome to "bloomberg markets: european open." out.ohnson is we're 30 minutes into the trading day, and we do see some gains across europe. a did in france right now because a couple of stocks have gone ex dividend. this is a breakdown of the biggest percentage gainers and losers on the stock 600. you can see here, some a tie-in names. -- italian names. they got hit hard especially yesterday. bouncing back a little bit. felt more than 4% over the last two training sessions. really being punished by investors. today, you can see somewhat of a dead cat bounce as it were. -- do see that explains most if not all of the drop their. thanks to the iv function, someone wrote in an reminded me these stocks are ex dividend. that exposure was a

u.s. commerce secretary brushed off everybody. very firmly. with others who. are of. course in brussels the head of the european commission called it a bad day for world trade promising counter measures that could include retaliatory tariffs u.s. goods into the e.u. on everything from blue jeans to motorcycles what they can do we are able to do exactly. the same it's totally up to the it come to be. when it comes to its. crate france's junior trade minister promised a similar response suggesting the u.s. president may be misinformed. there comes a point when one needs to look at the figures and i'm surprised that maybe president trump stuff haven't shown him how much those european companies have invested in the united states created jobs that to assemble and produce the now those u.s. jobs could be at risk just as president donald trump seeks to fulfill one of his top campaign promises to protect the jobs of his supporters in america's steel and aluminum manufacturing sectors it's not just international partners criticizing donald trump's decision to oppose steel and

u.s. commerce secretary brushed off everybody has a remeron and very firmly every country does with others whose loathing. he will get over this in due course in brussels the head of the european commission called it a bad day for world trade promising counter measures that could include retaliatory tariffs u.s. goods into the e.u. on everything from blue jeans to motorcycles what they can do we are able to do exactly. the same it's totally up to the it come to be she pulls you look through measures when it comes to. the crate france's junior trade minister promised a similar response suggesting the u.s. president may be misinformed. no more forget that issue comes a point when one needs to look at the figures and i'm surprised that maybe president trump stuff haven't shown him how much those european companies have invested in the united states created jobs that to assemble and produce that now those u.s. jobs could be at risk just as president donald trump seeks to fulfill one of his top campaign promises to protect the jobs of his supporters in america's steel and aluminum manufacturing

u.s. commerce secretary wilbur ross trying to play things down, but investors do not seem to be buying it..s. companies already taking a hit. if we take a look at stocks, who is hardest hit right now? sophie: the american automakers, for example, are suffering because many of them are still importing auto-parts from the european union. so they are going to face higher costs, which eventually will lead it to american cars getting more expensive. then there are the food producers. they need aluminum for their cans. so they are facing higher costs and will have to charge higher prices, while european committee there's -- competitors can dodge the tariffs, because they can export them into north america. then the energy sector is going to be hit hard, as the demand for steel will stay the same, very probably. so the u.s. companies are going to have to cover it all, which sounds like a good thing, but these companies have not been able to work efficiently for lower prices, that is why the imports were flooding the market in the first place. so a lot of potential losers here. helena: as we heard

u.s. commerce department band it. the u.s. government has labeled the company a threat to national security. zte employees -- employs about 75,000 people around the world. it is the fourth biggest mobile phone vendor in the u.s. some believe president trump's reversal could ease trade relations between the u.s. and china. >>> five more states are being warned about a melinda -- salmonella outbreak. eggs are being recalled from nine states. majority of the cases are on the east coast. california is not affected at this point. at least 35 people have been sickened by salmonella. the egg recall is the largest since 2010 when a major salmonella outbreak second more than 1500 people. >>> what's more dangerous than illicit drugs? according to a new report, alcohol and tobacco. study was published in the new review in the journal of addiction. that report shows tobacco, smoking, and alcohol abuse cost more than 250 million disability adjusted life years. that's more than illicit drugs. worldwide estimates say nearly one in seven adul

u.s. commerce secretary well the ross says the twenty five percent are a fun steal a ten percent tariff on allen minium imports or targeted at canada mexico and the e.u. measures will come into effect that four hundred g.m.t. on friday today we find ourselves the target of punitive tariffs on canadian aluminum and steel under pretext of a two three two national security provision let me be clear these tariffs are totally unacceptable for one hundred fifty years canada has been the united states as most steadfast ally. the leaders of italy's five star movement and far lead parties say they've agreed on a new cabinet to form a coalition government at link lou giuseppe conti who has accepted the role of premier. held last ditch talks to avoid a new election the president rejected their previous cabinet proposal which included a euro skeptic nominee for economy minister spain's prime minister mariano rajoy is expected to be toppled as leader in a no confidence motion on friday the basque nationalist party says it will vote against roy in a move that would almost certainly force him out of offi

u.s. commerce department s said to investigate a law that allows the president to restrict trade in the namef national security. that the same statute used by truck to levy that used by trump to levy heavymp taxes against imports of steel and aluminum. reporter: cars, a new front in .he trump administration >> there will be big news coming for our american autoworkers. after many decades of losing your jobs to other countries, you have waited long enough. last year 12 million cars and trucks were produced in the country. they exported 2 million vehicle, where 57 -- worth $57 billion, bit imported over 8 million. trump has long railed against other nations' tariffs. imposes 10% duties, while the u.s. is only 2.5%. in the context of broader trade negotiations, china has just fs.posed to reduce its tarif it seems that trade tensions once again hang in the balance. >> we will firmly safeguard our own legitimate interests. this will seriously damage the multilateral trade systems and disturb the normal international trade order. reporter: the program is to show that car imports prove a threat to

u.s. commerce secretary wilbur ross is the next u.s. envoy to travel to china for negotiations that will head there on saturday meanwhile china's commerce ministry reacted swiftly overnight to the up u.s. ante with a short statement saying quote the chinese government will have the necessary measures in place to deal with they would withdraw a u.s. withdraw from any settled agreement if the u.s. wants to play games then china would be more than willing to play along and do so until the very end. antitrust regulators at the united states department of justice have approved bear a g.'s acquisition of monsanto regulators did make approval of the merger of the german drug giant bear and one santo a u.s. based agriculture and biotech the home of contingent on bear selling off about nine billion dollars in assets one of bear's peers b s f s e agreed to buy the divest of assets those that sets notably include bear's pesticide unit branded as liberty which competes directly with months sent to maker of the herbicide life of say sold under the na

u.s. commerce secretary wilbur ross is the next u.s. envoy to travel to china for negotiations that will head there on saturday meanwhile china's commerce ministry reacted swiftly overnight to the up u.s. ante with a short statement saying quote the chinese government will have the necessary measures in place to deal with they would withdraw a u.s. withdraw from any settled agreement if the u.s. wants to play games then china would be more than willing to play along and do so until the very end. antitrust regulators at the united states department of justice have approved bear a g.'s acquisition of monsanto regulators did make approval of the merger of the german drug giant bear and one santo a u.s. based agriculture and biotech the home of contingent on bear selling off about nine billion dollars in assets one of bear's peers b a s f s e agreed to buy the divest of assets those that sets notably include bear's pesticide unit branded as liberty which competes directly with months sent to maker of the herbicide life of say sold under the

u.s. commerce secretary he's actually downplayed the move he said that if and when the e.u. slaps back the u.s. with its own set of tariffs they will in fact barely pinch the u.s. economy he said that it will affect less than one percent of the overall u.s. economy so he thinks it doesn't as we've heard before it won't really affect the relationship between the european union and the e.u. yes but we'll have to wait and see about that considering the verbal backlash that we've heard so far it will depend on whether the e.u. can forget forgive and indeed live with these new measures. because certainly not happy although if you're a fan of trade wars you're probably quite enjoying this many thanks to our correspondents there due to the answer miracle on that thank you. in other news spain's prime minister faces losing his job as parliament debates a motion to remove the under-fire leader a motion of no confidence has been far by the main opposition socialist party now seeking to replace the prime minister with its own leader the vote is set to run till friday morning when a vote

u.s. commerce secretary wilbur ross has said that america is exploring alternatives to punish china's zte.ald trump called into question the two track strategy just hours later. the president appeared to contradict wilbur ross' statement. on the israel-gaza border, at least 55 people have been killed in by the clashes. it was the deadliest day in gaza since the 2014 cross-border war. the protest came as the u.s. moved its embassy from tel aviv to jerusalem. the palestinian authority says it will launch a war crimes case against israel. italy's populace is struggling to nail down the final details of their plan to form the next government. tensions are beginning to mount. after talks with the president yesterday, matteo selby warned that either we get started or say goodbye to each other. there are signs that it could take longer than the deadline. msci has released a list of chinese shares to be added to the benchmark equity gauges for next month. the three largest additions to the msci emerging market index will be china construction bank, petrochina, and --. the new additions begin with

u.s. commerce secretary wilbur ross says the u.s. really impose penalties tariffs on imported steel an aluminum products from the e.u. they come into effect on friday along with tariffs against canada and mexico still will face a twenty five percent tariff an aluminum ten percent after hard negotiations at the all you see the conference in paris theaters were unable to get the u.s. to reverse its position the e.u. has already put together a list of u.s. products which is now also face retaliatory imports talents their range from agricultural produce to motorcycles for more on this breaking news story let's cross over to my colleague from our business desk thank you everything looks like we do have a trade war on our hands let's go straight over to brussels where he is standing by for us and conrad burns in is in frankfurt at the stock exchange there with a market reaction starting with you gail take us through those retaliatory options that are on the table for e.u. officials that the merida was just referring to. of on the hammer ha

u.s. commerce department to get back into business, weeks after cutting off from the u.s. ,uppliers area a reversal who have constantly said china is stealing jobs. usbal growth upturn, joining seniortal investor economist. thank you for joining us. we talked about this marathon, not a sprint when it comes to trade. you think investors are putting food on the fire, or are they -- >> i think over april we definitely saw that investors were taking trade as a backseat because there wasn't much news .ut from that side investors were taking comfort in the economic data which is good over april, but the issue is in may we are going to have to see some resolution around with the u.s. is going to do around chinese imports. i think that will create some volatility in markets, and it will be a negative thing for equities, especially in the u.s. haidi: the kind of tendency to take these surprises from trump tweets, i was surprised to hear this turnaround, the about-face when it comes to the zte, but is this is a tit-for-tat but also back-and-forth that you were expecting? diana: we were expecting neg

u.s. but when the announcement was made the secretary for commerce downplayed the tariffs he said that. the u.s. e.u. relation shouldn't really be affected by let's check out what he said. is there a boom boom boom or green i don't think the fundamentals are very very soon i think everybody will get over the course. but like i said it shouldn't really affect u.s. relations we'll just have to see what happens police there bit of a problem on the line many thanks american in washington let's go to the did it in london for us in the theory of washington sure that the tariffs are not going to affect relations are going to stick my neck out here and say that they're not going to agree with that. well we'll just have to wait and see neal because there's been an awful lot of reaction as you can imagine from the european union countries involved with that the u.s. commerce secretary he delivered the blow. with smiles i must say to the e.u. trade representative during last minute meetings where he wanted to keep the exemptions in place so what does this mean for the european union you may aswell

u.s. commerce secretary wilbur ross will be heading to china. ross will visit beijing from june to to june 4 to continue negotiations the visit comes as donald trump launched u.s. national security investigation to auto imports a could see more tariffs imposed on china. for business, speaking of data privacy, a cautionary tale from one family in portland, oregon. >> indeed. it would. -- ed wouldmazon appear that their amazon alexa echo recorded a private conversation and send it to a contacterson and their list. amazon said the unit in question apparently misheard a word in the conversation as "alexa," thereby waking the device, and subsequently misinterpreted snippets of the conversation as commands to send a message to the recipient. and then a confirmation order. a series of highly improbable coincidences, and amazon said it is working on this for the future. fortunately, the conversation was about hardwood flooring, which i do not think has any euphemistic meaning. so i suppose it could have been worse. >> it could have been worse, but at the

u.s. commerce secretary wilbur ross is the next u.s. envoy to travel to china for negotiations that will head there on saturday meanwhile china's commerce ministry reacted swiftly overnight to the u.s. ante with a short statement saying quote the chinese government will have the necessary measures in place to deal with they would withdraw u.s. withdraw from any settled agreement if the u.s. wants to play games then china would be more than willing to play along and do so until the very end. antitrust regulators at the united states department of justice have approved bear a g.'s acquisition of months santo regulators did make approval of the merger of the german drug giant bear and one santo a u.s. based agriculture and biotech the home of contingent on bear selling off about nine billion dollars in assets one of bear's peers b a s f s e agreed to buy the divest of assets those that sets notably include bear's pesticide unit branded as liberty which competes directly with months sent to maker of the herbicide life of say sold under the n

u.s. commerce secretary, thank you., ceo of glenview capital discusses why he stands by his health care holding. a programming note, our exclusive interview with jamie dimon they will join us live from the jpmorgan global china subject -- summit in beijing at 9:00 p.m. eastern only on bloomberg. ♪ scarlet: a medical billing company has value but that should not stop tenet healthcare from selling it. that is what larry robbins of glenview capital management said . he spoke to vonnie quinn earlier today. >> we are proud to have been an engaged owner and tenet healthcare and had two people join the board in early 2016 who stepped away in the third quarter of 2017. it pursued an agenda of new leadership that has now embraced with a change of ceo in the fall of 2017. the stock has more than doubled, adding 1.7 billion dollars in market value since the management change. we believe the best days for tenet healthcare are ahead as the agenda that the team are leaving is a simple and logical agenda to improve patient satisfactio

u.s. commerce secretary. >> thanks to you. when we come back ceo joining us.efense stocks in steel aren't taking a hit today and dow settling in with autbo a 200 point loss since the open. more "squawk on the street" back after this. >>> apple is getting ready to report earnings tonight. dominic chu taking a look at etfs with most exposure to the stock. >> according to retail brokerage td ameritrade there are hot and cold spots. apple plays into the story. during the month of april the four most heavily bought ones were perhaps no surprise broad index related. you have s&p 500, spy, power shares qqq, dow industrials and vanguard s&p 500 all of those have apple as waiting. on the flip side the silver i-shares trust, xlu, u.s. oil fund and ticker iwm. on the stock side things get interesting. most heavily bought jp morgan chase in the month of april, citi group, alibaba and spotify. heavy sales are some of the hot spot names. apple, intel, twitter, netflix. those are four most sold stocks by td ameritrade clients. apple stock does have a heavyweight in these etf

u.s. commerce secretary wilbur ross says e.u. counter measures would likely have a minimal impact on the american economy well even if the those retailers and even of some others do it still will remain unlikely to be as much as one percent own or counting me remember just because they put terror of snow on some of our products doesn't mean those sales will go to zero in the case of server group culture they may very well find other markets that are just as good. moving on and u.n. agencies i warning that they're running out of money to maintain for aid programs for syrian refugees more than five and a half million syrians are living away from their homes mostly in turkey lebanon and jordan in a harder reports was the syrians are some of the millions forced from their homes by war who receive meals from local charities during the holy month of ramadan there are tens of thousands who arrived in the opposition controlled province of idlib in recent weeks with nothing they don't have homes or jobs they are among the seven million sy

u.s. commerce department barred z.t. ease access to u.s. suppliers over alleged violation of sanctions against iran and north korea leaving the smartphone maker to put a halt to major operating activities mr trump mimicking larry the cable guy tweeted that he had ordered his commerce department to get it done get er done which presumably means the administration will rescind the z t e export ban mr trump seems eager to ease trade tensions with china after months of provocations especially in the context of his upcoming summit with north korean leader kim jong kim has been meeting regularly with chinese the chinese a key allies ahead of the summit a bipartisan chorus of critics including former g.o.p. primary rival senator marco rubio of florida and u.s. senator chuck schumer of new york the leader of the senate democrats panned the president's attempt at economic diplomacy. the price of bitcoin has fallen again hitting a three week low over the weekend and trading at around eighty two hundred dollars which is sixteen percent below the recen