it's the first issuer to distance itself from ubs.licates the push into asia's largest economy. has intelwar reviewing its global supply chain according to chief executive bob swan. he said the chipmaker doesn't believe tariffs are effective, and is encouraging the government's to engage in talks. he spoke exclusively to bloomberg in tel aviv. >> since the tariffs started last year, with our manufacturing operations, as well as assembly operations, we have been working to mitigate the impact of tariffs by looking at more effective ways for the movement of goods around the world so that our products won't be more expensive at point-of-sale. debra: deutsche bank is considering setting up a bad bank unit. they could eventually hold up to 50 billion euros according to the financial times. the plan is part of an overhaul to the trading operations. the rebound isn't finalized, but they could see the shrinking closing of deutsche's rate trading businesses outside of your. and that's your business flash. nejra? nejra: thank you so much. make

macro rate strategy and economics at ubs. .reat to have you with us i will go back to governor yi gang in a moment, but on mexico, what could be the shift in risk assets if we see tariffs on mexico imposed on monday? now have beenkets largely expecting it. the bigger question is how far we go from here and whether the ratcheting up of the levels of the tariffs happens? how does mexico respond as it sees tariffs put in place? the tariffs themselves, the markets are concerned as a try and engineer the changes the u.s. administration wants to see in ways around the world. it does seem to have triggered a response from mexico. the question of if it goes far enough and if the next step up in tariffs happens. if it does, people will be worried and if it doesn't, more reassured. nejra: what implications does it have for china? we heard from yi gang saying they have the room for policy maneuver. they have the room, but will they act? the interviewshy and comments from policymakers are so important because markets are trying to gauge

up, ubs facing another up, ubs facing another hit to its china business after the apparent ham-fistedt. details on that. this is bloomberg. ♪ on that. this is bloomberg. ♪ ♪ let's see a quick check of the latest business flash headlines. japan is tumbling after -- said it would draw its investment in the company. it was one part of the china power consortium negotiating a potential bailout deal. they say they are in talks with other investors and there's domestic and international interest with a $150 million injection by june 27. while way is bracing for a 40% to 60% drop in international smartphone shipments. considering pulling its latest model off international shelves. they are do to stop selling in europe on friday but they may have shipments it has received poorly. they made up almost half of their 200 million phone sales. the fallout from remarks by the ubs chief economist has widened. one of china's biggest state-owned infrastructure companies confirms it excluded a bank from the bond deal. our editor joins us now from beijing. he has apologized but what i guess was -- he was

there is a furor surrounding comments by the top ubs offic ials. one apologized for discussing the rise of top chinese consumer that sparked outrage on social media in china. he used culturally insensitive language. global news on air, 24 hours a day and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. david: let's turn to what is happening in hong kong. u.s. lawmakers are throwing bipartisan support behind the protesters. members of the hong kong congress reintroduced the measure behind the extradition bill. rishaad: we are watching this. if the autonomy of hong kong is it could call into question how the united states deals with hong kong as an independent entity. >> the u.s. has been vocal over the last week about what is happening. the u.s.osi, saying could rethink its relations with hong kong. a bipartisan committee introduced a measure that could allow the u.s. to decide whether hong kong is still a thomas and to certify it every year and to take action if they don't feel it is

sonali: ubs is a lot like morgan stanley.they want assets hidden away. is waynt -- this is ubs of doing that. alix: is it going to work? sonali: 10,000 is not a small amount. there is no limit on the upside. ?ow much will come in there is a ways to go in terms of them attracting significant money in the u.s., especially when every one else's attracting that as well. alix: thank you ray much for joining us on that. 2.35%, we did get excited. david: i think it is interesting. you have a portfolio and sometimes you have cash and sometimes not. alix: the money higher than the 10 year, actually. that wraps it up for bloomberg daybreak. , morganp, andrew sheets stanley head of process and strategy will be joining jonathan ferro. it feels like we may a bottomed in the equity market, futures down by four points despite money still going into the bond market. this is bloomberg. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond ris

eva from ubs is going to be staying with us. vonnie: market rally getting pared back a little bit, but the s&p 500 is holding above the 2800 mark. some other stories bullying the the500 -- stories buoying s&p 500 as well, cloud feuding companies for example. we are in ok shape this wednesday here in the u.s. this is bloomberg. ♪ ♪ vonnie: from new york, i'm vonnie quinn. guy: in london, i'm guy johnson. this is the european close on "bloomberg markets." here's the bloomberg first word news. here's renita young. ta: in portsmouth, england, they are remembering the 75th anniversary of the d-day landings in france. president trump read a prayer written for america's world war ii leader franklin roosevelt. pres. trump: our sons come upright of our nation, this day endeavor,pon a mighty a struggle to preserve our republic, our religion, and our civilization. renita: president trump said there is always a chance of a war with iran. the president made the remarks in a wide-ranging interview on itv in london. he said he would rather eng

in the coheadng of fx and rates strategy from ubs.ow much higher do they go and how much higher do they go today? a lot of people have it as the best performing currency this year. it stays close to the hiking path they have signaled. they delivered the hike they have signaled. today was a hawkish hike. the analysis is excellent. if you have been following it you see that they looked deeply in the economy and at potential imbalances because of the gap. it is one of those places that appears to be a stronger link between neighbor market capacity realization and inflation. from their side, we have laid out a clear path. the main question for investors has been, with a lot of forecasters forecasting strength, the bank is pre-signaling quite a bit of the pace which they will go. why hasn't the knocking moved, the kona moved? there is the general belief in markets that central banks would move. you have seen many cases of central banks that have warned and not gone all the way. i hear the confirmation from the ongoing confirmation has been

rishaad: the fallout from remarks by the ubs chief economist has widened.ina's biggest states of -- state owned infrastructure companies conference paul donovan's use of "chinese pigs" when discussing the outbreak of swine fever. paul: i made a mistake. i unwittingly used culturally insensitive language. john: the big worry is that china railway corp., a huge state-owned conglomerate, very important in terms of infrastructure construction -- does this signal to other chinese issuers that ubs is in the doghouse? i think this would be the danger. chinese companies are selling lots of bonds and stock, and there's an opportunity to make lots of money on those deals. also wealth management. there are about 20 trillion u.s. dollars worth of private wealth that needs to be managed, and if this derails ubs' strategy of getting into that market, it could be a big deal. nejra: nomura planning to buy back up to 8.6% of its shares for ¥150 billion. this comes as pressure has been building on the ceo. almost a week until the group's agm. gareth: nomura announced this af

it's the first issuer to distance itself from ubs.his further complicates the push into asia's largest economy. the trade war has intel reviewing its global supply chain, that's according to chief executive bob swan. he says the chipmaker doesn't believe tariffs are effective, and is encouraging the government's to engage in talks. he spoke exclusively to bloomberg in tel aviv. >> since the tariffs started last year, both with our manufacturing operations, as well as the assembling operations with our customers, we have been working to mitigate the impact of tariffs by looking at more effective ways for the movement of goods around the world so that our products won't be more expensive at point-of-sale. debra: and that your bloomberg business flash. anna? anna: deborah, thank you very much. minutes away from the starts. we will take a look at the stocks to watch, including the german carrier lowering profit forecast for a second time this year. we'll see what damage that does to the share. this is bloomberg. ♪ matt: we are six minutes

ubs pushes further into automation. bank boosts its automatic trading force, adding robots to handle derivatives and etf's. and third, sotheby's sale winners. a $2.2 billion sale to investor net $257 ini will cash for each share sold. basak, i want to kick it off with nomura. they are trying to change stuff up to present something a little bit better. sonali: but let's be clear, this buyback plan is coming out of pointed defense a little bit. they had a horrible profitability in the last couple of quarters and the last year, and now they have this big information leak, and people want an ouster of the ceo. there's definitely heat on the ceo going into next week. david: take the unit that was involved in that scandal. they say they will sell that and buyback shares. i think it is kind of a clever twofer. sonali: it is definitely a clever maneuver. andy chairman as well, we are seeing calls to make sure the chairman is not in -- and the chairman as well, we are seeing calls to make sure the chairman is not in charge. davi

. >> but the chart master says there's trouble brewing and ubs slicing its market tesla for the third time on the year stocks closing out the best first half of the year in two decades. the s&p up an impressive 17% tech, far and away the best performing sector, up 26%. health care, the worst, up just 7%, trailing the broader market. with trade talks john going and fed cut hope still high, do you stick with what is working guy adami? >> first of all, tyler, tyler matheson. >> it is special. >> he's legend. >> as special as new year's eve. >> it was new year's eve, the last day of trading for the year this is the last day of trading for the quarter. they call me the closer! >> you're doing a great job. >> the closer! >> the ramp up late in the s&p 500. i know steve has been on back of this market is going to rally, and the market has been rallying i don't trust it but i have not trusted for quite sometime for full disclosure. i think the quarter end markup was definitely real, but to answer your question about tech, i think you have to fade it. i do not think a deal with xi 20, as you j

a rival says they have suspended their activities with ubs. using the phrase chinese pace when talking pigs whene fever -- talking about swine fever. >> i reiterate i apologize to anyone who took any offense from my remarks. i got it wrong. i made a mistake and unwittingly used wrong language. i am glad to have the opportunity to reiterate the apology today. white house press secretary sarah sanders is leaving the trump administration after a turbulent tenure marked by attacks on the media and the near disappearance of the daily press briefing. she said was the honor of the lifetime, adding she plans to run for governor in arkansas. global news, 24 hours a day on air and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. matt? matt: thanks very much. set toalk about what is be the year's biggest ipo. volkswagen plans to offer stock in aheavy truck business range of 27-33 euros apiece. it values the trade in unit at 16.5 billion euros. the sale is seen as a litmus test for ipo demand in

. >>> still ahead here on "closing bell," the buzz on wall street, ubs facing backlash overseas we'll ♪ ...every curve, every innovation, every feeling... ...a product of mastery. lease the 2019 es 350 for $379/month for 36 months. experience amazing at your lexus dealer. ♪ >>> time now for the buzz on wall street. ubs reportedly facing backlash in china over comments made by paul donovan one of china's state owned infrastructure companies china railway financial core excluded ubs over comments of chinese pigs perceived as offensive by some in china. he commented on the spine flu outbreak saying, does this matter it matters if you're a chinese pig. it matters if you're eating pork in china ubs is clearly not an american bank but i wonder whether reaction by the chinese is elevated given that the trade wars are ongoing and i think surprise all around at both ubs's stern response and even more so by china. >> the last note by paul donovan said in an apology for any misunderstanding about my comments he said we removed it and it was about inflation and chinese inflation prices rising. >>

ubs still feeling the aftershocks of the ceo using the phrase "chinese pig."conomists -- bloomberg.com has a story on more than 700 companies being targeted in a campaign advocating for clear transparency when it comes to environmental impact. companies including amazon, exxon, and volvo have failed to report carbon emissions for years. it is reported that facebook is releasing a new app allowing users to opt in to sharing information and get paid for it. users will register through ads. they will combine it with the data they already have developed a more complete market portfolio. you can follow all these stories on your terminal, at bloomberg.com, and at tictoc on twitter. romaine: bowling ceo dennis muilenburg says he expects the grounded 737 max jets to return to the sky by the end of the year, possibly with a new name. they talked about plans to repair the jets, get them recertified, and when the max will fly again. dennis: first of all, safety is our paramount focus. that is the tone for the entire show. we are making solid progress of bringing the max

it extended its activity with ubs. thepologized for using phrase chinese pigs when talking about the impact on the economy. he says it was innocently intended. >> i issued an unreserved apology this morning. toeiterate that i apologize anyone who took any offense from my remarks, which were not intended to offend. i made a mistake and i unwittingly used a culturally insensitive language. i'm glad to have the opportunity to reiterate the apology today. >> white house press secretary sarah sanders is leaving the administration after a turbulent tenure. she said it was the honor of the lifetime to serve in the white house. asked if she plans to run for governor in arkansas, she did not rule it out. global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists. this is bloomberg. nejra: thank you. now, coming up, the bond guru's warning. jeffrey gundlach raises his odds for a recession. this is bloomberg. ♪ nejra: this is bloomberg daybreak: europe. the msci asia pacific index ending the

ubs head of asset management joining us now. should the fed cut rates? >> no. powell is waiting to see whether the data supports such a move. what he said is what we wanted to hear. they are going to watch that data and be accommodative when and if it is warranted. i'm not sure the market is ready to see that right now. and 50e markets priced basis points of cuts this year. we've seen a huge move at the front end. has that gone too far? >> there's four moves priced in total. it feels a little aggressive to me. i will wait and see the data as well. manufacturing pmi came out not great. we will see how the service pmi comes out tomorrow. that will be a bigger indicator of where the u.s. economy stands. vonnie: it feels like this came out of nowhere. the data have been holding up pretty well. suddenly, we get this massive drop in yields on trade uncertainty last week. >> it has to be in the back of their minds that they don't want to look like the airplane politics of any kind -- they are playing politics of any kind. they made some bold statements about wanting t

the global head of ultrahigh net worth over at ubs.y, big bang spacex day, coming up. elon musk is set to launch what is referred to the most launch ever on a military mission with a massive rocket. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. bloomberg's european headquarters in the city of london. i am nejra cehic. anna: i am manus cranny live from dubai. this is "bloomberg daybreak: "urope: the supreme leader, the path to gold glitters as the path through armors is open. of --hing rides on a

ub an all chinese clash guangzhou evergrande beat shandong luneng 2—1 at home but it all came down toinute. having an away goal on the score sheet will at least offer some consolation to shandong for their home leg next week. peru beat bolivia 3—1 on tuesday to improve the team's chances of advancing to the knockout stage of copa america. jefferson farfan and edinson flores second half goals in rio dejaneiro taking them top of the group for the time being — 25,000 fans were at the maracana stadium so it was only about one—third filled. that victory takes peru top of group a for the time being with hosts brazil currently playing venezuela in salvador. eoin morgan set a new tournament record for 6's at the cricket world cup on tuesday. england beat afghanistan by 150 runs at old trafford and watching was our sports correspondent andy swiss. he'd only just recovered from a bad back. fair to say, you'd hardly have guessed it. as eoin morgan took the art of smashing cricket balls to new dizzying heights. for england, it was the stuff of dreams, for afghanistan, more a nightmare. wherever t

ubs still feeling aftershocks from its chief economist's use of the phrase "chinese take."ay corporation has decided against hiring ubs for a dollar bond sale, prompt by the remarks. the economist paul donovan has apologized. the bank has placed him on leave. that is your latest bloomberg business flash. on the bloomberg now, the trump administration's effort to block iranian oil with sanctions is being underpinned by the jump into domestic supply. oil output is up more than 40% in five years, while gas stockpiles decline. now iran warns it will breach its nuclear stockpile cap in 10 days if sanctions are not removed. what to the heightening tensions mean for commodities? it's futures in focus. bloomberg terminal users can interact with all the charts used on the show using gtv . you can also catch up on analysis and save charts for future reference. this is bloomberg. ♪ ♪ guy: from the paris air show, i'm guy johnson. vonnie: from new york, on vonnie quinn. this is "bloomberg markets." time for futures in focus. we are joined by ira epstein of ira epstein and associate

that was seth carpenter, ubs chief u.s. economist. supply shift strategy.pple may be looking to move it suppliers out of china. one analyst says that may all be poker game. this is bloomberg. ♪ . ♪ at whattime for a look stories are trending across the bloomberg universe. terminal users reading about blackstone cofounders stephen schwarzman who gave the university of ox or -- of oxford its largest donation since the renaissance. the 188 million dollar contribution will help pay for new humanities buildings and the creation of an institute to study the ethics of artificial intelligence. on tictoc on twitter, they are reporting on a law that was just passed in new york allowing undocumented immigrants get a valid drivers license. the green light bill was passed by governor andrew cuomo with the help of new york's assemblywoman catalina cruz. and will impact 265,000 immigrants. a recent poll showed more than 50% of new yorkers were against the idea. wedotcom -- bloomberg.com, have a story on an australian born technologists who gained notoriety three years ago

stle, ubs, swatch catherine: it means trading of such companies will have to happen in switzerland. be done on it eu trading platform. deutsche bank has said there are moving various stocks. exchange seems relaxed about this, although they want equivalence, they also see that this is not going to massively hit volume. guy: we will see what happens monday morning. this is an interesting case study, particularly for those of us in london as we watch what is happening with the equivalence. catherine bosley joining us from zurich. vonnie: we have a comment from glencore, confirming 19 dead and a," mind. -- at a congo mine. reports earlier from other outlets suggesting the number is more than double that. glencore has confirmed at least 19 dead at a congo. it does also say there is no impact on output and the stock is recovering slightly on that headline. it is down 5.6%. it had been down more than that in london trading. attention torn our what is happening in the car sector. ford is eliminating around 20% of its european workforce by the end of next year. volkswagen is posed to raise $

that could mean a global recession in the view of swiss bank ubs and a 20% slump in global stock marketsth emerging markets particularly badly hit. this week markets have been calmed by various reports a deal could be on the way. but on thursday, president trump's economic adviser larry kudlow was quick to play down those reports. in the discussions and negotiations, tariffs, our economy is strong, their economy is very weak. perfectly happy with that. if talks fail, he said he will go to plan b which is another round of tariffs. if the talks do better, then perhaps, perhaps, we might avoid that. in the last hour or so, china's president xi has been addressing a meeting of the brics developing countries, brazil, russia, india and china. rico hizon has been following this for us. what did he have to say? that's right. victoria, he was in no move whatsoever for pleasantries right. victoria, he was in no move whatsoever for pleasa ntries and right. victoria, he was in no move whatsoever for pleasantries and only had soft word on the eve of his meeting of his meeting —— only had tough words

y esta en ub cid nos permite calentar las temperaturas durante la tarde de hoy.e las prÓximo dÍas ocasionar o convertirse en un posible huracÁn o tormenta tropical algo que se ve. no te la inestabilidad y energÍa que esÁa almacenada en la zona y se llama una zona de interÉs que se monitorea los prÓximos 48 horas. 60% de probabilidad que pueda ser un ciclÓn prop cal. mantenemos informados en caso que ocurra y las lluvias que pudiera ocurrir o posibles inundaciones, siguen durbts las prÓximas horas camino a casa. hablando de lo que pasa en nuestra regiÓn. 66 grados para las 9. ausencia de nubosidad, una noche placentera. la probabilidad de lluvia prÁcticamente se mantiene nula los prÓximos dÍas. y son ce lebtss noticias podemos dejar este paraguas en casa. un descanso de precipitaciones que estÁbamos necesitando. para el dÍa de maÑana 94 grados. 92.90 desde napa. y pronÓstico viajero tiene que salir de nuestra regiÓn cht no te que se notan estas condiciones de tormenta a 79 grados 73 de los Ángeles. 99 para phoenix. y en los 3 dÍgitos. >>> los prÓximos dÍas llega a

coming up, ubs chief you guess death -- chief u.s. equity strategist. that is coming up next. this is bloomberg. ♪ guy: welcome back to "bloomberg markets," and back to buckingham palace, where the president of the united states will return a little later on this evening for a full state banquet with the queen and the royal family. in the meantime, he has just concluded his tour of westminster abbey and is currently having afternoon tea with the prince of wales and the duchess of cornwall. but as they say, he will be returning here a little later on to buckingham palace. let's check in now with the bloomberg first word news. here with the details is kailey leinz. kailey: the u.s. supreme court has refused to overturn the insider trading conviction of matthew mark,. matthewew mark thoma -- martoma. morgan stanley is warning that a recession could begin in nine months if the trade war escalates. the firm says it depends on whether president trump carried out his threat to impose tariffs on more chinese goods and china retaliates. goldman sachs has cut its forecast for second-hal

>> the fallout from remarks by the ubs chief economist has widened.a's biggest date out infrastructure companies conference paul donovan's use of "chinese pigs" when discussing the outbreak of swine fever. paul: i made a mistake. i used insensitive cultural language. john: the big worry is that china railway corp., a huge state-owned conglomerate, very important in terms of infrastructure construction -- does this signal to other chinese issuers -- i think this would be the danger. chinese companies are selling lots of bonds and stock, and there's an opportunity to make lots of money on those deals. wealth management has about $20 trillion usd worth of private wealth that needs to be managed, and if this derails ubs' strategy of getting into that market, it could be a big deal. anna: nomura planning to buy back up to 8% of its shares for ¥150 billion. this comes as pressure has been building on the ceo. >> nomura announced this afternoon -- there was that large buyback which is pretty significant, and the second elements owns the institute, which is a

inside that, a 51% chance of three rate hikes by december ubs, our outlook, precautionary rate cut thiss year from the federal reserve not predicated on adverse direct effects from a major escalation of protectionism against mexico some of the key dates to a july cut. got the fed meeting. might get like a warning or a signal that rates are going to be cut or thinking about it. and then you have the trump/xi meeting, maybe you have that meeting. if not, maybe more tariffs june jobs report, if that's weak, that would seal the deal underwhelming q2 g2 report the rate cuts he wants from the fed if some of the key economic reports show pronounced weakness which he may ultimately not want >> steve, thank you very much. >> the rate cuts he wants. >> has jay powell become the new jeff sessions? >> at times. the president approved both. >> that's my point he was president trump's nominee. >> in fact, the president anointpointanoin appointed four of five the federal reserve bank presidents who the president does not nominate. >> sure. >> steve, thank you. >>> more gains on wall street today. the

banks are still in the high single digits if you compare to ubs typically those definitely will haveome compelling entry re l levels if you lock at capitals, the banks will be doling out more capital than returning earnings. >> something to look at from a valuation perspective. thank you for joining me that is it for today's show. have a lovely summer sste.olic i'm joumanna bercetche "worldwide exchange" is coming up next. the first survivor of alzheimer's disease is out there. and the alzheimer's association is going to make it happen. but we won't get there without you. visit alz.org to join the fight. >>> it is 5:00 a.m president trump reportedly approving air strikes overnight before reversing course. we are live in washington with more >>> the market shrugging it all off. the s&p 500 hitting a new all-time high. will the dow hit one today it is not just stocks. oil on pace for its best weekly gain in nearly a year. helima croft has analysis. >>> a 3$3.2 billion healthcare deal in the works. >>> and it was one of the top public market debuts of the year don't call it an

credit suisse and ubs in particular.: to be fair, you have the financial crisis and you're going to see the regulatory environment swing one way. you certainly don't want to see another crisis akin to back in 2008. i think regulators are doing what they are supposed to do, right? oversee these industries. sonali: in the u.s., you see people doing their biggest deals since 2008. this is requiring ubs and credit suisse to trim down more and put aside tens of billions of dollars. ,t the expense of being safe they have very low interest rates. david: ok. thanks so much for being with us. coming up, the democrats kick off to beat -- kick off their debate for the 2020 democratic nomination for president. more on what i'm watching next. this is bloomberg. ♪ david: this is what i'm watching. the democratic debates, one debate over two nights, tonight and tomorrow night. 20 candidates will be on the debate stage. actually there are 23, but three of them won't make it. we will get 10 and 10. it is not a record. in fact, there were

. >>> y el cliente es ubbing tevÍ que sucediÓ y que no tiene actividades ilÍcitas. >>> y la esposa deo el Ánimo enormemente en estos momentos difÍciles. Ública dominicana des que llevan diceidana mujer. >>> cambiando de informaciÓn, crece un poco mÁs la tensiÓn entre estados unidos e irÁn con el derribo de un aviÓn no tripulado de la armada estadounidense mientras volaba sobre el estrecho. los guardianes de las revoluciones iranÍes anunciaron el derribo de dron porque dicen que inva dio el espacio aÉreo de irÁn, estados unidos dice que este aparato se encontraba en espacio aÉreo internacional y el presidente donald trump dijo que irÁn cometiÓ un error muy grande alude arriboarlo asÍ lo escribiÓ. >>> y vamos a hacer la pausa. >>> pero al regresar en las noticias. >>> puede un agente de inmigraciÓn pedir que se le muestre el telÉfono celular para revisar los datos almacenados, la respuesta en el jueves de inmigraciÓn. >>> y ademÁs captan en video las reacciones y emociones del jugador chicharito hernÁndez ante l llegada de mi marido es un gran regateador. pero hoy en wendy's se quedÓ si

. >> and what do you make of what ubs is saying today. if a cut does not happen in july, it might not happen at all. >> you know, again, i'd follow the data here. if the data were to show that there is strength and we're on board with it. i don't know that i agree. i assume that's seth carpenter who is a fed observer. i didn't read his report this morning but i don't quite see that they can always come back and cut any time they want they have press conferences at every meeting. i think the issue is that the data is going to tell the fed which way to go. you have this weakness in capital spending you had a decline in consumer confidence the consumer has been fairly strong we'll see if we get a bounce back i think joe's comment there is really one worth thinking deeply about which is how much damage has been done by trade, such that even if there's a deal this week, the fed has to address it. if it is extensive and it starts showing up in the data, then i think the fed is on course for a rate cut >> i think we -- i don't think it's a stret

according to a 2018 study from ubs, more and more of those pet parents are willing to pay premium.business report," frank holland, new york city >> and finally tonight, world war iier vs and world leaders marked the 75th anniversary of d-day today. president trump, french president mack ron aron and hea ate gathered in normandy in fran gathered. more than 150,000 allied troops stormed the coastline in northwest france leading to nazi germany's defeat a year later in may 1945.e >> before w go, a final look at the day's numbers on wall street. the dow re 181 points and the nasdaq was up 40 and the s&p 500 added 17. and that is "nightly business report" for tonight. m sue herera. thanks for watching. we'd like to remind you this is the time of year the public television station seeks your support. >> i'm bill griffith. thank you very much for that support. have a great evening. see you tomorrow. ♪ ♪ woman: this is "bbc world news america." is made le by... the freeman foundation; y and peter blum-kovler foundation, pursuing solutioec for america's ned needs; and by contributions to th

at some of the worst and best performers in the market coming up >>> and coming up on "fast money" ubsrd time. the analyst behind the call with what has him so rrd lhtwoieinig of what phil just reported as your life grows, so do your needs. ♪ and with bank of america and merrill, the benefits you get can grow, too. as a preferred rewards member, you can enjoy priority service and exclusive discounts... so your growing life can be more rewarding, too. ♪ what would you like the power to do? ♪ ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. ♪ >>> as we wrap up the first half of the year we're taking a look at specific sectors that stood out. first up global market performance. second, a check on technology. the best performing sector of the year so far and, third, a look at the worst health care, let's start with global markets. seema mody >> reporter: despite the china trade war and slowing global growth, equities have posted impressive gains china now outperforming the u.s. the s

alexis ltle back ub in the cash lanes on the bay bridge toll plaza on either side. but we'll see.e should get the metering lights flipped on a little later than usual since it is friday and it's summertime, too. we've got both of those things going for us. we should have lighter volumes this morning. still in the green westbound 580 tracy to dublin coming in at 26 minutes. southbound 680 dublin to mission boulevard, 14 minutes. 15 minutes on 85 highway 101 to cupertino. >>> senator kamala harris seems to have set herself apart from the crowd, praising perper form ans in last night's democratic presidential debate. candidates in part two were more combative especially since the polling front-runner joe biden was in the mix. lana zach has all the highlights. good morning, lana. natasha. yesterday, rembe how we n the first debate. this time it seemed like the knives were out. >> the division among democratic candidates was on full display during the second debate on nbc. >> we have got to pass a med compare for all single paresis tell. we must make public colleges and university tuit

ubs. >>> a swing of emotions can be a common thing in sports. this was the city and entire country on the verge of a championship celebration. and the raptors missed the last- second shot that could have won it all. both teams know the math of what needs to be don done from here on. but after the game, it was the emotion of one of the biggest stars going down. steve kerr said she didn't know what to say. >> i told the team, i didn't know what to say. on the one hand, i'm just so proud of them, the amazing heart and grit that they showed. and on the other, i'm just devastated for kevin. >> we went out there and gave all he had, sacrificed his body. i just feel so bad for him, to be honest. >> i don't believe there is anybody to blame. but i understand this world. and if you have to, you can blame me. >> how do you guys press on from here, emotionally? >> we do it for kevin. we do it for "k." i can tell you this. he wants us to compete at the highest lev. and we'll think of him every time we step on the hardwood. >> for a couple of weeks now, we'l

stage street was downgraded tor ne from buy at ubs. the analyst cited little confidence in whe the company will be able to get past some head winds. price target $58. that stock fell more than 11% today to $55.24. >> changes are coming to fe netflix. they're going to lose its number one show in 2021hen nbc universal moves the office to its own platform. in a tweet today, netflix said we are sadhat nbc has decided to take toffice back, but membes can binge watch the show ad free on netflix until january of 2021. you know, competition in video streaming is growing. nbc universal, whichs produ this program, is just one of many hollywood power houses developing their own service. and that could mean even more shows leaving netflix. joining us tonight is senior media entertainment analyst. good to see you. netflix has lost the disney library. are we going to see more of a gration away from pione stream iing netflix? >> absolutely. that's the inevitable consequence of the streaming wars. they're trying to strike a balance between some orthe

>>>ub grub was upgraded to buy from annui from utl. it was an early test with mcdonald's, price target is $91. the stock grows 5% to 75.90. mcdonald's and others were initiated wit an outperform rating. they cite the company's digital push and modernization effort. the price target there $230. mcdonald's rose a fraction to 205.71. >>> coming up. made in >> with the threat of tariffs on more chinese goods, vietnam wants to become the next map fak manufacturing power house. that's tonight on "nightly business report." >>> fedex topped profit mats, but warned its results will be hurt by the trade war. they cite weakness in trade. fedex gets about third of revenue from outside the united states. arometeren viewed as a bro r global economic health. shares were volatile, frank holland has more on fedex's results.ex >> fas had a string of negative headlines recently, but still managed to post a bet on profits that were in line with esanmates. the cosaid it expects profits to decline next year however due to trade global weakness and also the

like so many others they were exercising their legal right to seek asylum here in the ubs -- united states. they wanted to be free from the violence, gangs, poverty, and inequality that is rampant in el salvador, just as it does all across central america. i visited el salvador and honduras recently. mr. speaker, i saw the unbearable conditions with my own eyes. it is no wonder that organizations like the united nations office on drugs and crime have said this and other central american countries are more dangerous than afghanistan and only slightly better than syria. syria, mr. speaker. the site of an ongoing civil war. let that sink in for a moment. but unfortunately alberto and have a lara -- valaria didn't survive. his wife was forced to watch in horror as her current washed her family away. i'm telling their story today because this is what migrants face as they risk their lives to come to this country. not to transport drugs, not to commit crimes as the president suggests, but to find refuge, raise their daughter in a safe place, and have a chance at building a better life. a life th

ube. , so theperquick fuse second it touches anything it is going to explode. this bigger round is the m 56. the m 56 had a delayed fuse. and that is good for shooting at buildings, bunkers, any fortified structure that the germans might have been in. so it would enter through the roof and it would have about a millisecond before it exploded inside the building. this had a shorter range, 2400 yards. they also had a similar round. it was called m 57 and it was a white phosphorus used two o obscure vision. once the white phosphorus hits the air it burns and burns and burns. they will use it to create casualties, too. here we have a life belt inflated. when the troops landed on d-day , some of them would put these on their packages of ammo so -- if they dropped ammo and water, in the channel it would , float and they could retrieve it easily. and back to the gun. a gun like this would be used in all kinds of operations, battalion commanders and infantry regiments. they called her this hip pocket artillery, because it could go anywhere on the battlefield and they c

ub uber and lyft are against this move and looking for ways to make pickup efficient. >> from cradle to career. >> that's the pledge oakland has made to its students, many of whom are graduating with a big college scholarships. >> abc7 news reporter kate larson was at oakland scottish rite ceremony for a very special ceremony. >> reporter: these 800 oakland public school seniors are graduating and headed to college thanks to a bold promise. newly nonprofits promise and east bay college fund pledge to support ever child in oakland from birth to college graduation. this year they're awarding students 2 1/2 million dollars in scholarships. >> i graduated in that class as top of my class. [ applause ] >> reporter: as a senior at oakland's military institute, jorge was commander of the 700-person student body and is now headed to u.c. berkeley in the fall. the scholarship is especially meaningful to his parents who were new to the u.s. and homeless while jorge's mother was pregnant with him. >> they wanted to make sure that when i was born that i would have the resources needed and ready

here.onovan from ubs is is there anything you like? italian yields are attractive.time on that time to weigh into it? >> a bad time, it is catching a falling knife. if italy is as very negative feedback loop from slow growth and low labor productivity. power on the back of the expansionary fiscal ,olicies in the north and south they are not going to do what the european commission expects. germany, it as dictating at the expansionist populism is clashing with german austerity. it does not make for a very good picture. i suspect the european commission will have to go further than they did the last time this flare happened in relationships back in autumn. francine: you could argue that, if democratic elected commission government needs hst spur growth. does the commission me to back off?- need to back >> how do we manage a dysfunctional monetary union to make sure you do not get this force where there are countries with weak growth for a long time? that is challenging. you have different demographics and other parts of europe. we should not just obsess about the gdp

my view was broadened when i realized that the ceo of ubs started as an apprentice in a bank. there are very few sectors where earning and learning wouldn't work in some way and i think, you know, business can be challenged to think more broadly about how that might look in your own company and i know that there are companies that are informally starting these kinds of programs today i think as there's more interest generated, there will be more opportunity to come together with businesses of similar size or scale or focus and develop some more of these opportunities. >> apprenticeship is one of those rare bipartisan issues. >> we're going to take some questions from the audience. >> questions for secretary devos? >> question over here. >> good. >> hi. >> hi. >> very interesting, thank you. my name is christina. wondering what advice you would give a pending student entering the college, university years and what kind of -- or what kinds of programs you think are right now applicable to that person looking at what to do versus apprenticeship, school, curriculum in terms of wha

that could mean a global recession — in the view of swiss bank ubs — and a 20% slump in global stockarkets particularly hard hit. karishma vaswani is in osaka for us. well, did we think there is going to be some kind of deal, some kind of announcement? we are expecting some kind of announcement after the two leaders meet on saturday but as to what is in that announcement we still do not know very much. there is expectation that some kind of trade trees might be announced but not a deal per se but the two site would agree to start talking again. the trade talks on sales stalled in recent weeks by quite bitterly with president trump is saying china backtracked on the framework of an agreement where baking were saying we are not going to blindly agree to everything the us says, we will not bow to us pressure. —— beijing. the two sides are quite far apart. what may happen tomorrow as we could see some kind of assumption in trade talks being announced. that would be a good signal for the talks being announced. that would be a good signalfor the markets because of the two largest economies

ubs said the world's most expensive property market will remain bullish for another decade, thanks in the population influx from mainland china. global news, 24 hours a day, on air and at @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm su keenan. this is bloomberg. ♪ >> thanks. let's get back to our chief correspondent, where the biggest names in aviation are gathering in seoul. tell us about your conversation so far, whether it's on the trade talks -- it's a somber mood anin seoul. >> the governing body here that is hosting the agm yesterday came out with another downgrade of the outlook. yes, it is going to have a 10th year in a row of industry profits, that they have lowered their outlook for profit margins for the second time since december, so there are some significant headwinds. they talked about the downside risks as growing with rising fuel costs, but also in the cargo space in particular with the reduced flow of cargo. every ceo that has ellie's full of cargo, not necessarily full anymore. they have been telling me, like

ubs says even the hybrid market could be worth a hundred seventy eight billion dollars within the next twenty years. an electric sector that's preparing for take off. transfer the brine quinn on the runway i'd love because it. let's take a look now at financial markets this session of major gains here in europe after the european central bank president suggested the ecb will provide more stimulus if inflation doesn't pick up. us markets also climbing for a second day we have a similar picture over on wall street. investors reacting positively to donald trump who said that he's agreed to hold an extended meeting with chinese president xi jinping on trade tensions next week. france has unveiled a new economic reform that would make it more difficult for the unemployed to claim benefits in for companies to issue short term contracts. the government hopes that it will reduce unemployment and save billions of euros but it's opposed by both unions and employers was in corning has details. at the french prime minister's office on tuesday morning it was all hands on deck to introduce a major u