u.s. trade office says this cause lost revenue to boeing. the decision means the united states can seek the right to impose tariffs on the e.u. in retaliation and not just on planes. but the story doesn't and that. the e.u. has brought its own case against the united states accusing it of illegally subsidizing boeing. the outcome of that case point be known until later this year. the tit for tat battle comes at a time of already soaring trade tensions between the united states and the european union. most recently concerning the question of u.s. tariffs on e.u. steel imports the upcoming ruling on alleged u.s. subsidize ation of boeing is likely to lead to further turbulence. the price of oil is rising on thursday a barrel of north sea brant crude oil surged above the eighty dollars mark for the first time since twenty fourteen one reason is the crisis surrounding iran plus opec and russia continuing to restrict their production venezuela is also producing less oil because of the ongoing unrest in the country. replace book c.e.o. mark zucker

u.s. trade office, as well as some lawmakers. is a chance, according to the chamber of commerce, that he could get a drop-in visit with president trump while he is here. he is going to be making the negotiations and should be fairly skilled at making his way in through the u.s. he studied at seton hall university and the kennedy school of government. he has some connections from his desk with u.s. officials left over -- connections with the u.s. officials left over from the financial crisis. he is familiar with players here and how things work. ramy: a lot of people saying he is the economic czar of china and maybe he will try to learn the landscape in order to bring something home to continue those talk. hopefully with a lot of investors and analysts, the goal is to avoid trade war. bloomberg congress editor joe, thank you so much. let's go more into trade tensions now. ofhave bob nardelli, the ceo xlr-8. it helps companies improve performance. you might know him as the former chairman and ceo of chrysler and home depot. you are

u.s. trade representative's office found thathere is also a focus on the u.s. trad deficit d reductheeficit and good. perhaps something will come from that as well. >> the issue of intellectual property theft you heard mentioned is a good one especially for u.s. technology companies on the table. some of the others you heard talked about will be as well. one is cutting the trade deficit by $100 billion. president trump is talked about in recent months. the other involves something in china as made in china 2025, which is basically $300 billion in government spending no for a number of years to push china into a tech powerhouse all by itself. chinese government officials have been hinting the last few days. they don't intend gerri and cheryl to budge on this issue split the experts are quite cautious but we'll see what happens over the next couple days. gerri: sound that the administration has been trying to reduce expectations. thank you for that report. the pentagon ordering all around the world to ban cell phones and other telecommunications equipment made by

u.s. trade representative's office was engaged in the process both before, during and after. >> will you commit to providing this committee and others in congress all documents related to your trip, mr. smolken and the free trade agreement with morocco. >> absolutely. >> within ten business days. thank you. absolutely, right? >> the ten days i can't speak to, but we will actually -- absolutely provide the documentation. >> okay. >> thank you. fish grinding, i ask every year, every year i need to go back into my records and find out how long it has been that we have been working to resolve this issue, encouraging epa to come up with a reasonable policy related to fish grinding for both on shore and offshore seafood processors. on shore processors are allowed to grind and discharge seafood waste under an nbtdds general permit, but even with the best available technology 100% compliance with the permit requirements is not achievable just because of the nature of the waste itself. so we have been working with you on this even though offshore fish grinding remains an issue within the agency there is

u.s. trade representative's office that requested deadline to put pressure on the talks and my sources aregress can actually add days to nafta so for instance they're off for the entire month of august. if congress goes back into session in august they then add a month to the deadline pushing nafta or revised nafta possibly being passed this year back a month but again, having that issue on the table, there might not likely have a deal this year and that's because check out this statement here from the u.s. trade representative robert lighthouser. he says that the nafta countries are nowhere near close to a deal as i said last week, they're gaping differences, on intellectual property, agricultural market access, deminimis levels, energy, labor, rules of origin, geographical indications and can a did doesn't seem interested in making a deal on nafta and they have no deadlines apparently mexico has the presidential election and the u.s. wants to get a revised nafta done this year. back to you neil. neil: well you covered a lot there young man thank you very very much. edward lawrence outsid

u.s. trade representatives office but there's also a lot over trade.makes it more difficult >> we've got to go, but the trump administration has said they've made enormous progress on trade how would you grade the administration >> you know, i think they have done -- they've made progress in bringing attention to various issues like china. i think there's now a global consensus about some of the challenges that china poses. they made less progress on delivering new agreements. it's pretty easy to rip up agreements it's much harder to negotiate them they're work on that and i think the proof of the pudding will be in the meeting we have to see what they come up with before we can assess whether their approach has worked or not. >> thank you so much great to see you this morning. >>> coming up, with small business representing nearly 95% of all u.s. employers, it's an important indicator, the health and direction of the economy the results of the paychex small business index is straight ahead. and speaking of health, fitness disrupter class pass expandin

u.s. . he's certainly no fan of global free trade since donald trump took office he's renegotiated several key trade agreements and backed out of others foreign steel and recently cars are all according to trump a national security threat and he's fighting back with import tariffs trump's isolationist path is part of the strategy he wants to give domestic companies an edge in the u.s. markets american made cars for example are often less popular than german ones. but the u.s. is new direction is helping foster new by natural coalitions germany and china affirmed their joint commitment to global free trade during chancellor angela merkel's visit to beijing but can such efforts really halt the tide of protectionism coming from the world's largest economy and what about the. in recent years the trade organization has gained a reputation for drawn out negotiations resulting in no clear solution its function is to promote free trade and establish a framework for its critics however say the w t o is a relic of the past and should be abolished. well the former president of the world trade organizatio

u.s. prosecutors did he really you know bore about emissions trading in his company and he's ready to admit. breaking its power the post office and so finally protect themselves against. this estate of your business as welcome u.s. prosecutors have charged. boss martin venter called for his part in the diesel gates gavel they say he conspired to mislead regulators and violate the u.s. clean air act a federal grand jury in michigan indicted visit on as part of a probe into this has plagued the company for nearly three years it couldn't have come at a worse time for folks bogen the announcement that its former c.e.o. martin venter cohen was indicted by u.s. authorities it came soon after the shareholders meeting where its new c.e.o. old spoke about regaining confidence. most volkswagen must become more honest more open more truthful so that we don't make ourselves more vulnerable again. model but is still vulnerable the indictment of ventre core now has many asking whether the carmaker has done enough to investigate its senior executives according to u.s. authorities in two thousand and fourteen the former c.e.o. was informed v

u.s. chamber of commerce put out a comment on the terrace at the trade rep's office, they called these hiddenegressive taxes on u.s. consumers and businesses that will hurt u.s. competitiveness. one of my colleagues actually in washington explained on friday that even if they get past this comment time, it doesn't mean go into effect immediately, but is critical, so we will wait to see when they can tell us if they will arrive in washington. no date given. haidi: thank you so much for that. kathleen, the global economics and policy editor. malaysia's new capital taking shape. the investigations, live later. will dig into geopolitical risk with the amt capital investors senior economist. this is bloomberg. ♪ st. this is bloomberg. ♪ good morning, i am betty lou in new york. haidi: i'm haidi lun. you are watching daybreak australia. president trump has ordered the u.s. commerce department to get back into business, weeks after cutting off from the u.s. ,uppliers area a major reversal who have constantly said china is stealing jobs. usbal growth upturn, joining seniortal investor economist. than

trade reporter at gq rollcall and in pc headliners member. we have richard mccormick from the u.s. department of commerce, we have the managing editor and international trade today and the director of the office of public affairs at the u.s. department of commerce. john gallagher senior editor and a member of the national press club headliners team. we have herb jackson, washington correspondent for the usa network. mrs. hilary ross the wife of the speaker today. we have the retired captain for the u.s. navy and executive director of the first global and national press club headliners member who organized today's plunge in. we have the bureau chief and former president of the national press club. skipping over the guest for today for just a moment, we have betsy fisher martin whose residence at the american university and cochair of the national press club headliners team. [applause] i would also like to acknowledge the members of the headliners team responsible for organizing today's event besides the people that i've already mentioned. we have lisa matthews, laurie russo and bill lord. also, the press club staff, specifically lindsey underwood and the executive director, bill. secretary gos

trade ministers and the u.s. seem to have failed thank you so much. an officer from the financial world here in germany canada goose no amount of the frankfurt stock exchange can probably tell us twenty five percent on steel and ten percent on allen minium that is the tariff that is looming starting from tomorrow what exactly does that mean for the industry in europe what it means that sixteen percent of the european exports of steel are in jeopardy this is the amount that the european steel makers i exporting to united states all of those products will become twenty five percent more expensive from tomorrow on and this will make make at least part of those exports uncompetitive in the united states but this is only part of the problem steelmakers here in europe fear that a cascade will happen that much of the chinese steel exports and the chinese are majorly responsible for those worldwide over capacities in steel that part of those chinese steel will now be offered on our european open markets and of course our very very low prices this has the potential to be

u.s. department of commerce. we have tim warren, managing editor at international trade today. and rebecca glover, director of the office of public affairs at the u.s. department of commerce. coming from this end. we have john gallagher. senior editor at ihs fair play. and a member of the national press club head loiners team. we have arthur swift. chief of content at gallup. we have herb jackson. washington correspondent at the "usa today" network. we have mrs. hillary ross, wife of our speaker today. we have kevin wensing, retired captain for the us navy. and executive director of first global and the national press club headliners member who organized today's luncheon. we have mark hamrick, the washington bureau chief at bank rate and former president of the national press club. skipping for a moment, skipping over our guests for today, just for a moment, we have betsy fisher martin, who's executive and residence at american university and co-chair of the national press club headliners team. i'd like to acknowledge the members of the team responsible for organizing the event besides the people i've mentioned. we have

office universities in the u.s. u.k. and australia clinch first place. bond trading. up and. colonel only i didn't offer our order to do so i'm just out of a. traditional you can see what. i mean once you are drawing away the bulk of your true since. you and i don't jim. but we are out of the jewish bankers and amount of. french made it into the toilet i shall have a bash here for drunk. soup. our truck your search. quit comparing arson yada yada yada i. ching the ship i mean. that in all your shit because i caught it. all for you. so i thought that in your q.s. time in cash i would tell things out which i haven't played our strong issue. not all chinese students can afford studying in leading universities in those that truly matter not all students can afford to study abroad. most of them are enrolled in universities based in their home province they dream of a brighter future in stocks that is the shanghai or beijing hundreds of thousands now migrate every year to big cities. but the chinese economic system isn't quite ready to absorb all these young graduates. dong is one

trading in the u.s. stocks taking back tuesday as office -- losses per financials led. >> the question is, why did you miss>> inside the trump administration, peter navarro --s steve mnuchin was wrong on china. this for washington talks. italy's pluto crisis easing today. what the limbo will mean for italian assets just ahead. this for washington talks. walmart wants to retain employees by sending them to school. the retailer will subsidize college collision bills as part of an effort to reduce turnover and earn goodwill. ,> breaking news just crossing 3-0 to seek comments on a rule overhaul and specifically if they want to loosen what we have seen in the rules as far as cap -- tech in trading. if you're holding something for less than 60 days, they want to relax some of the rules or this opens up a 60 day public comment time. the overhaul.n aether or not there was ever trade war with china, it is now to onelly over according white house hardliner who went on npr to undercut the treasury secretary steven mnuchin. he called his earlier comments about putting the trade war on hold an unfortunate soundbite. c

office universe does in the u.s. u.k. and australia clinch first place. pushes bond trading. up and. colonel let me see how do you got it all for what it is i'm just out of a picture she earned trish what are you going through the water and he wants you out or away the bulk of your true since. you and i don't jim. we are looking to ship back to her home and amount of. cash when she made it into the toilet ash i have a bash with catherine. soup but. our truck. quick comparing arson yada yada short life when you have. to choose a. single step i mean. that in your shoes because i caught it. all for you. so i thought that in your q.s. time in cash i would tell drink that which i haven't played our strong issue. not all chinese students can afford studying in leading universities in those that truly matter not all students can afford to study abroad. most of them are enrolled in universities based in their home province they dream of a brighter future in stocks that is the shanghai or beijing hundreds of thousands now migrate every year to big cities. but the chinese economic system isn't

office. universities in the u.s. u.k. and australia clinch first place. een. in a show bond trading. ok. for normally i did it all for what you think is generally about how to earn traditionally even if you want the one you bought i. don't even want to watch our way the balcony our tree since here you go wash your own i don't jim. we are we out of the tissue bank after my mom and dad amount of. oil gush of a bash with catherine. soup. are here soon. quit comparing arson yada yada yada. ching a step i mean. that in all you should get caught i caught it. all for you. so if i thought that in your coerced i mean cash i would tell things out which i haven't played our strong issue. not all chinese students going to ford studying and leading universities in those that truly matter not all students can afford to study abroad. most of them are enrolled in universities based in their home province they dream of a brighter future in stocks that is the shanghai or beijing hundreds of thousands now migrate every year to big cities. but the chinese economic system isn't quite ready to absorb all thes

. >> [inaudible] >> patrick mentioned the section 301 case that's brought by the office of the u.s. trade representative, and in a much-anticipated move, 45 pages of proposed tariffs were released, and they included a lot of chem cats -- chemicals for pharmaceuticals and pharmaceuticals. i wonder if you've all seen the list and whether that would, you know, do what you're intending to incentivize production here or have a perverse effect of, you know, more production in china. >> yeah. my understanding of that 301 -- of what 301 is being used is to focus on the industries that china has put in their project 2025 that they're going to -- these are high-tech industries, as dan has talked about which ones they are. but among them is biotechnology. and so if you put tariffs on those industries, one, you protect yourself from the subsidy that the chinese is giving to those industries. secondly, you make them more expensive for those goods to be coming into the united states and wiping out our people who might want to be making those kinds so that we have a chance to move up the food chain and

officer declined to comment. is bracingn union for a trade offensive from president trump amid a report to the u.s.s imposed to impose tariffs on steel and aluminum from the bloc. he granted a reprieve to the european union, mexico, and canada for further talks to take place. to e.u. is going to try convince secretary ross for extended release. french president macron has said he is optimistic about europe's trading relationship with america. something's depend on me, some others do not. i am doing my best with what i can do. juliette: the european union is weighing a much stronger warning on the risk of brexit talks collapsing without the deal. that is according to bloomberg sources. says britain needs to show a more detailed view as to how it intends to keep the irish border open by the time european union leaders gather at the end of june. board has taken the most concrete step yet towards vlocker --k the volcker rule, governors voted to significantly reduced compliance costs of financial firms. global news 24 hours a day, and at tic toc on twitter, powered by more than 2,700 journalists and ana

office depot and officedepot.com. at fidelity, our online u.s. equity trades are just $4.95.u'll only pay $4.95. fidelity. open an account today. >>> did we pack enough breaking news in this hour for you? there's now a new governor of missouri as of friday. we obviously have seen the latest and we've heard from valerie garrett what's going on next and we're all with a itsing president trump. a lot of people hoping he does not pour gasoline on a fire that could go ablaze any moment. that's all we have tonight. "the beat" with ari melber starts right now. >>> our top story is about that gasoline and about why words matter. how casual racism can swiftly be punished in 2018 and why even in the trump era it is not always safe out here for trumpism. today began with roseanne bar who is of course in charge of top rated sit come, a reboot of getting away with or even being rewarded for her many offensive tirades. tonight something different. the day wrapping up with rows anne" writing herself back into history literally. her show is now history again. canceled for her racist attack

trading decisions with fidelity for just $4.95 per online u.s. equity trade. fidelity. open an account today. ♪ open an account today. a trip back to the dthe doctor's officego back there, when you can stay home, with neulasta onpro? strong chemo can put you at risk of serious infection, which could lead to hospitalizations. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day, so you can stay home. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. so why go back there? if you'd rather be home, ask your doctor about neulasta onpro. retail. under pressure like

u.s. attorney's office here in the district of columbia announced a guilty plea that follows this pattern. the foreign defendant and 17 allegedly traded midsize and large companies in the united states by impersonating executives in enough communications with mid-level employees. . the mid-level employees were tricked into believing that a corporate transaction was taking place. they transferred more than a million dollars to foreign bank accounts controlled by the co-conspirators. are posed by hackers who gain unlawful access to company computers. it can take only a few minutes for criminals to steal discoveries that took years of work and millions of dollars of investment for entrepreneurs to produce. that sort of criminal activity is not just harmful to companies and investors. a damages our economy and threatens national security. law enforcement agencies and prosecutors can achieve deterrence only in directory -- only indirectly after a crime has occurred. ora program to prevent crime detected early, reducing the need for law enforcement. strong compliance programs are a company's first line of defense. is essential to sustain a

office depot and officedepot.com. at fidelity, our online u.s. equity trades are just $4.95. or where you trade, you'll only pay $4.95. fidelity. open an account today. >>> trump watch tuesday, may 22nd. 2018. i think a lot of us are thinking the same thing these days what is trump and his lawyers are up to. giuliani and the others are doing pretty much the same thing that johnny cochran and the rest of his dream team in the greatest murder trial of the century. focus attention away from the defendant, the question of his actual innocence or guilt, shift attention to questions, any will do about the conduct confident investigation. you can see how this works. we've been there before in that trial that went on and on without getting back to the question of offering j.'s innocence or guilt. there are people in this country who want very much to find out whether the donald trump and his campaign colluded with the russians and there are people who do not want anyone to find that out. this is precisely what the last several davis distraction has been about. during that trial of th

china office to cut its u.s. trade surplus. robert lighthizer throws up his hands at nafta talks.ime. a populist government forms in italy. no premier yet and markets stay skeptical. present maduro will win the election, but what's next? oil production falling and more u.s. sanctions loom. david: welcome to "bloomberg daybreak." i'm david westin reckoned with alix steel. are you excited about these venezuelan elections? alix: when you talk to experts, this is what they her watching -- they are watching. david: i think i may know how it comes out. alix: do you think maduro is going to win? [laughter] u.s. futures engine their way higher -- inching their way higher and averting all the selloff happening in europe. the euro-dollar a touch weaker. the markets are not buying this italian election sort of

the office of the u.s. tradeould not comment further than a statement released last friday justin trudeau, though, was upbeat yesterday >> there is very much an eminently achievable outcome that will be good for the united states, good for canada, good for mexico, and we're very close. we will continue in the coming days to work hard to try to get there. we know a deal is not done until it's done. we will remain optimistic and hard working on trying to get this settled for canadians and citizens in all three countries. >> mexico's economy minister said last night while they're still talking we do not believe that we will have a deal before thursday the three countries held a call on monday with no public update. former trade officials say it's not a good sign that the top officials are not negotiating together, and that there are not even rumblings of what a deal could look like. >> okay. that sums it up nicely for us, kayla. thank you. i assume you're in washington, d.c. >> that is where i am. this is not a gree

u.s./china trade talks. >>> americans are doing better mon money-wise since president trump took office.al reserve, 74 americans say they are at least okay in their finances, a 4% jump from the year before. the strongest growth was in lower income households. a nice improvement, but two in five adults still face serious financial hardship. the inability to afford food, housing, or medical treatment. >>> if you want to buy a political ad on facebook, get ready to give your social security number. it's part of facebook's new policy to prove political ad buyers live in the u.s. that includes providing the last four digits of your social. a government-issued i.d., a u.s. mailing address. facebook will mail an authorization code to that address allowing you to buy ads. facebook has been working hard to increase transparency and faces a lot of criticism for allowing meddling during the 2016 election. i love it that all this technology, and you're going to get something in the mail in the end that's the verification. >> that could cut into profits theoretically. >> it could. it could, i guess.

u.s. officials who said china will cut the deficit. this rumor is not true. i can confirm this. can't consultations are constructive. >> president trump telling of office that china has become " regards tod" with their tradehe united states. let's start with the good news. china has scrapped a probe into the nearly $1 billion u.s. sorghum imports. they say their investigation is not in line with the public interest, but now we have to take a look at the bad. kept out of on the $200 billion trade deficit. they say china will never negotiate under the conditions set by the u.s. and that they are dashing hopes for the deal. the international property on this. in addition, the energy sector and labor are other contentious points between the u.s. and china. >> u.s. trade representative robert lighthizer says the u.s. canada and mexico are nowhere near a deal to renegotiate nafta. >> the hope was they could get a win, something that would appear to improve u.s. prospects and heard canada and mexico prospects, and get that through congress this year because it would look good to the american people. it would make outcome look at her. it doesn't -- it would make donald trump look better. paul ryan put a deadline

trade rhetoric. u.s. commerce secretary wilbur ross is speaking live at a panel in paris. he just warned against obsolete concessions in global trade. lust, stephenson resigns. the rbs chief finance officery 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 problem yesterday, it doesn't seem to be as much today. as far as the other losers, we bollore.ndi and the ibex and

u.s. trade representative? admin. pruitt: we did. the ambassador for morocco was in my office requesting we make the trip. the trip occurred because it was a part of a free trade agreement and the representatives for the united states were engaged in the process. sen. udall: will you provide all of these documents related to your trip and morocco within 10 business days? admin. pruitt: absolutely. sen. udall: right? admin. pruitt: i can't speak within 10 days, but we will absolutely provide the documentation. sen. murkowski: every year, i need to go back into my records issues related to onshore and offshore seafood processors. even with the best available technology, 100 percent compliance with the permit requirement is not achievable, because of the nature of the waste itself. we have been working with you on this, even though offshore fish grinding remains an issue within the agency. there are no documented water quality issues attributed to any such grinding. i have been working on this for a number of years. every time we seem to get close to resolving it, there is another roadblock that presents -its

trade deals. to join us today seven hundred mexican children have been taken from their parents at the u.s. border with mexico since october that's according to a new office of refugee resettlement report and the issue has sparked public concern with people now accusing donald trump and his administration of violence in particular this image of small children and sleeping on the floor coast shock waves and went viral it was assumed that the harsh consequences of policies towards mexicans however in reality it has nothing to do with it dates back to twenty fourteen linking to the barack obama administration. i. have. this picture of immigrant children sleeping on the floor of a cage have to be forcefully ripped away from their parents should be the defining image of trump's reign is trump's vision of making america great again concentration camp spoiled with children torn from their parents' border it's tough parents from bringing children. doesn't care about his own kids and so these kids matter even less to him. this is happening right now and the only right that matters is how we force all government to get these kids back to their families as fast as h

comments coming just 40 minutes after an oval office appearance during which the plate president said china has ripped off the u.s. for years and now he doubts trade negotiations with the world's second-largest economy will even succeed. what happened? investors heard fighting words. we can show you, markets dropped to session lows as the president also said while he hopes nuclear talks with north korea work out some of it might not. the dow is now off, you can see it trying to climb back. we are still down about 35 points. while popping up about $72. barrel and of course it has been a while day for oil. all this as america's future trading relationship with the three biggest partners hangs in the balance. chief economic advisor where larry kudlow saying he hopes to see a proposal from china today. the first day of two meetings of trade and the chinese will meet with the president and we will see. blake berman has that story. today is the nafta deadline. 3:04 p.m. eastern, it looks like that will come and go without resolution. the canadian prime minister is saying he's positive about talks to rework the massive trade deal while mexico says it tha

officer who has experience in international trade. the president says, a large percentage of parts will be from u.s. companies. play in de-escalation from a trade war this week. china announced they're reducing tariffs on u.s. imported automobiles from 25% to 15%. they had state-run soybean company show up at the market this week on wednesday for the first time since ape. they actually placed an order today. that was a 12 billion-dollar export business for the united states. so this deal with zte may be sort of a dance with the united states but it still seems they're looking forward to a long-term trade deal. cheryl. cheryl: we hope so at this point. edward, thank you very much. >> i'm a little disappointed because when kim jong-un had the meeting with president xi in china, the second meeting, the first meeting we knew about, the second meeting i think there was a little change in attitude from kim jong-un. so i don't like that, i don't like that. david: president trump on tuesday saying that china was holding north korea back from a summit deal in order to squeeze for more in the trade deals that the u.s. i

trade tensions with the u.s.. the big winner could be europe. elliott management said to be building a stake in thyssenkrupp aiming to out ditch chief executive officeruth korean president has to the white house with plans for a unprecedented summit -- will plans for an unprecedented summit with north korea stay on track? day,s are rising, fifth six ties level since january the 20th. the european markets closed yesterday for the holiday. germany among them.

trade tensions with the u.s.. the big winner could be europe. elliott management said to be building a stake in thyssenkrupp aiming to out ditch chief executive officer. the south korean president has to the white house with plans for a unprecedented summit -- will plans for an unprecedented summit with north korea stay on track? day,s are rising, fifth six ties level since january the 20th. the european markets closed yesterday for the holiday. germany among them. equity,among the rising and appetite for risk has returned. interestingly the yield on the italian 10 year is still doing. -- is dipping. yield is still dipping 1.72%, the yield has actually jumped over 60 basis points. last week waited 36 basis point leap which was the most since november 2015. the president will take his time as he considers whether to formalize the nomination for premier and the concerns the new prime minister's lack of political experience and ability to contain personal and political rivalries between the leaders of the two populist parties. let's get it is wonderful chart. inlian notes maturing february 2028. that the white line right there. moreield 10 basis points

office australia talk around trade and china high on the agenda plus. saddam seekers in the so-called migrant caravan remain hopeful as they wait patiently on the u.s. border proposing more in the state of. how i was still plenty of hot weather into eastern parts of europe but elsewhere the temperature is starting to fall away now a lot of cloud spinning into that western side still western side of the med pushing up towards italy it will go downhill over the next couple of days but some places the cloud and rain rolling across the northwest in conus into the u.k. pushing across the british isles easing across towards the low countries that's why this day is pitch at twelve celsius there for london not great but better than it has been treated now but it's going to be waits and rather windy at times sixty celsius in paris and in syria so the temperatures starting to recover we're twenty six there for vienna chiles some light the showers and thundershowers a possibility up towards poland easing into that western side of russia there's the heat twenty nine celsius twenty seven in ankara and twenty seven there for athens as well similar picture as we g

office here it is preparing the eu the u.k. inside trade union rules for years after brexit. her inner cabinet agreed on the plan. the intractable issue of the irish border. u.spresentative is not atimistic that there will be new nafta deal by the deadline. that is according to people in a meeting with him. reaching a deal by today was the only way he could guarantee a vote on the american trade deal this year. the federal reserve is resisting calls at a capital buffer. the so-called offer is meant to force the banks against the coming storm when economic --ditions are key staffers are not persuaded that adding billions of new needed.is president trump off his lawyer michael cohen offered his services for $1 million according to the washington post. the post says just after the presidential election, cohen was offering access to and advice about the trump administration. he turned down the offer. global news 24 hours a day on air and on tick tock on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. thank you. president donald trump set to china's -- at the white house today. that is a

members clashed with police officers used tear gas and functions on the demonstrators a number of arrests reported. u.s. president donald trump is not happy with recent trade talks with china that's despite both sides reportedly agreeing to drop plan tariffs but after those reports of a deal with china the e.u. is now say what about us twenty eight trade ministers from e.u. countries are in brussels discussing a way to win their own reprieve from the united states and the clock is ticking. it's an unfamiliar situation for trade ministers meeting in brussels the united states is point gun at the chest that is what trade commissioner says. it's calling the punitive terrorists president donald trump is threatening to impose on. this two sides a locked in stalemate the americans will only talk concessions once the e.u. has made an offer but the european commission has said they will only continue negotiations if child. if we are exempted totally and no tariffs no we have said which is the right thing to do then we are willing to engage in talks and see how we can facilitate trade relations germany's economy minister doesn't know when an agreement will be on th

officer declined to comment. the european union is bracing for a trade offensive trump president donald trump amid a report that the u.spose tariffs on steel and aluminum from the block. 5% tariffs on imported steel and 10% on aluminum in march, but granted reprieve to the eu, canada, and mexico until june 1. in paris this week, european leaders are attempting to convince wilbur ross for extended relief from the duties. union is weighing a warning on the risk of brexit talks collapsing without a deal if the u.k. fails to lay out its position next month. the bloc has made clear britain needs to show a more detailed view of how to keep the irish border open by the time eu leaders gather at the end of june. as of yet, prime minister theresa may hasn't produced a firm written proposal the eu regards as necessary to move negotiations forward. fed board has taken the most concrete steps yet toward rolling back the rule imposed to make that banking industry safer after the 2008 meltdown. voted 3-0 to see comment on changes, kicking off an administrative ross is aimed that significantly reducing compliance cost for financial f

>> thank you >>> president trump weigh in moments ago from the oval office on trade talks with china and a potential deal to lift u.sies on chinese telecom firm, zte. >> so what i envision is a very large fine of more than $1 billion. could be $1.3 billion. i envision new management, a new board, and very, very strict security rules and and i also envision that they will have to buy a big percentage of their parts and equipment from american companies. >> here to speak with us on zte, tech, regulation,backing reform and a lot more, senator mark warner good to have you here, sir >> thanks for having me. >> we want to talk to you about zte, because you're one of 33 senators who have written a letter to the president, upset that he had backtracked on the original punishment of the company, which was to deny them the ability to sell stuff for seven years, which was essentially going to put them out of business. what do you think of what the president just said here >> with this president, i don't know what to believe i know originally, he had been in favor of tough sanctions on zte, a company that has repeatedly violate

officer was also hurt. the extent is unknown. nine people were killed when indian and pakistani soldiers traded gunfire along the kashmiri border. police fired gunshots to disperse anti-israel and anti-u.s. leaders. the ongoing ibo outbreak is not a global health emergency. her health crisis to constitute --lobal emergency it must be meet specific criteria including a threat to spread to other countries. strongl said there is a chance the situation can be brought under control. there are 14 confirmed cases that vaccines will be given out beginning this weekend. hiside prince harry and brother prince william gathered those who came to town for the royal wedding. the 33 year old princes marrying meghan markle tomorrow in saint george's chapel. millions of people around the world are expected to watch the wedding on television. 24 hours a new -- news to wait for hours a day -- news 24 hours a day. i'm mark crumpton. this is bloomberg. julia: live from bloomberg world headquarters, i'm julie chesley. scarlet: i'm scarlet fu. julie: i'm julie hyman. julia: stocks mixed in light trading. scarlet: the question is what you miss? stormy clouds over trade. china cast doubt on things saying it had