how has unilever been affected? alan: one of our characteristics uncharacteristically diverse internationally. 60% of our revenue comes from emerging markets. we are used to geopolitical uncertainty. it is something we manage every day. by and large, the more free trade there is, the better it is for economies so people benefit our trade as well as business. it is certainly better when there is liberalization of trade and we hope that would continue across all geographies. caroline: aluminum, for example, affected by steel tariffs? alan: that is an immaterial consideration for us. that is a nonissue. caroline: are you worried about the path brexit is taking? same point i was making earlier. we are broadly diversified. brexit is an issue we are managing. our concern is to make sure britain is able to trade freely with europe and we will manage it. caroline: are you interested in the current race for prime minister? alan: of course. caroline: there has been a lot recentlysh in cannes against social media. how does a g

nearly 10 years ago some of the world's largest consumer brands including nestlé and unilever pledgedto reach net 0 d forestation within a decade the responsible sourcing of cattle palm oil soil and other commodities to say nothing much has been achieved then is an understatement take a look. the pledge by the consumer goods forum was supposed to mean less of this but with only months to go it's clear the aim of ending net deforestation by many of the world's biggest brands is not within reach now environmentalists greenpeace say the situation is bleak and it's one the likes of for rare 0 unilever nestlé twitter volved to avoid a climate an ecological breakdown greenpeace says the amount of land being cleared to make space for crops that are widely used in mass produced foods is rising in many areas even after producers promise to work towards an end to de forest station sawyer is seen as the 2nd biggest driver of global deforestation behind cattle farming more lands been cleared for it in brazil since 2010 and palm oil is also among the products most responsible for the clearing of f

anna: unilever is buying something that is made of algae. >> there are two things, unilever looking toto asian inspired skincare brands. from south korea and japan very in at the moment. the other thing is natural rents, similar to the foods sector where they are investing in beacon brands. you are seeing the same thing in the skincare sector. matt: thanks for a much, sam on state from the team. type first go on your bloomberg terminal and you can get it by the mobile app. coming up, it is the market open. we're looking at futures pointing to slightly -- slight gains at the open. i stress the word slight. dax futures up and cac futures up .1. this is bloomberg. ♪ anna: a minute until the start of cash trading this tuesday morning in europe. let's digest what has been going on in asia and talks about the european session. msci asia-pacific powering through, and particularly the chinese market being boosted by talk of more infrastructure spending. the euro, flat against the dollar. speaks tomorrow in frankfurt and we look at inflation data out of the u.s. the pound, weaker against the u.

when that was on everyone's mind some of the world's largest consumer brands including nestle and unilever even pledged in 2010 to reach next year a deforestation within a decade through responsible sourcing of cattle palm oil soya and other commodities almost 10 years on the opposite is the case. the pledge by the consumer goods forum was supposed to mean less of this but with only months to go it's clear the aim of ending net deforestation by many of the world's biggest brands is not within reach now environmentalists greenpeace say the situation is bleak and has warned the likes of a rare row june 11th and nestlé to evolve to avoid a climate and ecological breakdown greenpeace says the amount of land being cleared to make space for crops that are widely used to mass produce food is rising in many areas even after producers promise to work towards an end to deforestation sawyer is seen as the 2nd biggest driver of global deforestation behind cattle farming palm oil is also among the products most responsible for the clearing of forests and the land being eaten up continues to increase in

so this owns comnies like unilever and nestle.u eat hagen z or ben & jerry's ice cream or drink carnation's instant milk, you are using the companies in this and the companies have not performede well. geopolitical stresses, the terror threats are already baked into thos. pri >> how do you feel about the market overall at this point, greg? i mn we've got a loz of headline risk lately. are youul overallsh on the market despite your giving us hedges against volatility aik the >> we are still very bullish on the market, andhere was really interesting price movement this week with gold, which can be a warning sign. so we're cautious, but we still see in the service sector, the numbers there are still good. manufacturing is slowi down obviously as a result of what's going on with tariffs as companies adjust to -- to the disruption that's going >>on. right. >> and so overall we think it is still healthy. >> all right. >> the growth in manufacturing has >> greg lukan with lukan investments and analytics. thanks for joining us nknight. >>

unilever rebuff was a misstep. >> years ago now we heard it from mr.fett telling becky what he did in terms of his relationship. based on who i'm hearing it from, i believe there is and has been tension how will it play out, we'll see. you have to view it through the prism of there had been an expectation, they would be partners for life and conceivably this deal to the next deal to the next deal with unilever, much of that came to an end regardless now with the market cap of $35 billion, they are more prey than actually -- >> at one point, the whole buffett 3g friendship really propped up valuations in the entire group everyone thought who's next. valuations are high. but there are other factors supporting them like low bond yields up next, art cashin on what to expect from today's trading action more from carl in vietnam. >> 95 million people, 6,000 factories in the garment business alone is vietnam ready to become the new china? and is the threat of new tariffs what's going to get it there all day today on cnbc. your daily dashboard from fidelity. a

it was stocks like unilever ngs k that led to the ftse 100 underperformance. up .5%.ax outperforming, driven by the chemical sector and the auto sector. the cac 40 up a little bit, a little bit more than the ftse, not as much as the dax. renault playing a big part in that mix. if you are leaving the trading desk and you want to carry on in the car with the market coverage, tune into bloomberg radio's cable show. jonathan ferro on this side of the atlantic this week. looking forward to him and i being in the same studio. we are live on dab digital radio at the top of the hour and on all of your bloomberg devices. ♪ vonnie: let's check in on the bloomberg first word news. here is courtney donohoe. courtney: the trump administration it's been on educational travel to cuba will take effect tomorrow. is department says it cracking down on cuba for playing a destabilizing role in the western hemisphere, providing a communist foothold in the region, and propping up u.s. adversaries in places like venezuela and nicaragua. virginia's governor ralph northam is responding to the

andalso see nestle glaxosmithkline following, as well as unilever. the defensive stocks are down this morning. european markets in general higher on optimism for some kind of trade trees, as president -- ce, as president trump said substantial additional tariffs will be placed on china if there is no progress with president xi at the g20 summit. joining us now is daniela russell, head of u.k. rates strategy at hsbc. are you pricing in a truce? do you continued -- do you see this continuing to drag on past the weekend? daniela: markets have rallied a long way recently. it is only right we stop and take a pause here. clearly in markets are waiting for the g20 summit and what that means for fed response and whether perhaps they move by zero or 25 or 50 in july and what that then subsequently means for longer-term rates. right here, the markets pricing in the kind of, you know, there is some trade relief may be in the near term. that is reducing some of the tail risks to the downside that markets have started to fear. this is a little bit of a pause in t

i since the failure of the unilever deal and the company has never been able to recover. >> or find a>> and now the market cap is so much smaller i also would point out, there is significant tension and i've heard this from many people between warren buffett and 3g. they are not on good terms any longer and part as a result of the number of missteps unilever, accounting problems, any number of things, but i can tell you that they are not getting along these days mr. buffett and 3g, based on numerous people telling me they're aware of that, have not spoken directly to mr. buffett about that but it is interesting and will be interesting to watch. >> i felt from a consumer perspective this is one food company that cannot figure it out in terms of top line growth. they cut, cut, cut, cut, and now it is becoming a problem if they don't partner up and have a deal if you look at the mondelez, a part of kraft, they went different directions it is in snacks, more international, but that stock is trading near record high that shows the contrast, kraft heinz down 27% this year i thought you were

unilever trading in the red.e are companies, of course, that their supply chain is very, very heavily exposed to a brexit threat let's look at the broader european picture with the german markets closed 9 ftse 100 trading down slightly lower than half hour ago the cac cacant is trading 1/4 percent higher a we're talking about the spanish bond market earlier with james but looking at the ibex 35 trading around a quarter of a percent higher no longer, he says, part of the european periphery let's also look in the u.s. futures picture ahead of the market open on the other side of the atlantic the s&p 500 is looking to open around 10 points higher. dow jones looking to open 95 points higher and the nasdaq looking to open around 21 points higher at this stage of proceedings. >>> the u.k. has struck a free trade deal in principle with south korea. that's ahead of brittain's expected departure in october. the new agreement will be based on seoul's current pact with the e.u. according to the south korean trade ministry,

unilever is down right now. some of the consumer staples are following this morning.s desk falling this morning -- falling this morning. european markets lower. the futures do not look very changed in morning after jerome powell warned about rising threats to the economy. he said the lack of progress in the trade war and weak economic data are still concerns. >> the cross currents every emerged, with apparent progress on trade turning to greater uncertainty and with income data raising renewed concerns about the strength of the global economy. matt: markets have been pricing in a reduction of almost 50 basis points for next month's meeting. waterbullard dumped cold those expectations. >> just sitting here today, i think 50 basis points would be overdone. i don't think the situation really calls for that, but i would be willing to go to 25 sitting here today. i hate to prejudge meetings. things can change. matt: joining us to discuss is monica defend, head of strategy at amundi. what do you expect from the fed? do you think moore is priced in then we will get -- more i

just a couple of weeks ago i had a chance to sit down with the north american president of unilever andey are tackling climate change and helping others. watch this. >> businesses recognize the economic impact of climate change. i think everybody realizes the impact of climate change on weather, on extreme weather, of floods, of drought, of extreme heat. that has a massive impact on agricultural supplies, on logistics networks on the rice for consumers. >> she's 100% right talking about the massive impact. but who is responsible for addressing it? is it foundation, companies, u.s. governments? many people say, the president says not my country not my problem. >> if the president is concerned with trying to reduce the flow of migrants he's tried strategies that haven't worked. family separation. billions of dollar on a wall. tariffs against mexico as a tool to recycle old conceptions and two things that actually would work, one is pressure on these countries to improve governance, reduce corruption so that local programs actually work. the to some degree we've done that in el salvador to

coming up, we speak to the chief executive of unilever. don't miss that interview at 7:30 a.m.n time. tune in to bloomberg radio live on your mobile device in the london area. we stay with you through the morning everywhere. this is bloomberg. ♪ nejra: this is bloomberg daybreak: europe. here's a look at what you should be watching on this big day for central banks. at 9:00, the norwich bank is one of the few western central banks still on a hiking cycle. 10:00, vladimir putin hosts his annual call in show. it is expected to run for three hours. we get a rate decision from the bank of england. expected to keep policy on hold. european leaders are in brussels for another round of horse trading on europe's top jobs. 6:00, we should find out the final two candidates in the tory leadership contest. they will be put to a vote of conservative party leaders. we have the annual mansion house speech. today we are asking the question on mliv, how low can central bank rates go? join the debate, reach out to us and the team. the bloomberg get business flash with debra mao. airbus has muscl

unilever. those are low hanging fruit that will come under pressure. then you look at the u.k. distribution companies, a number of good businesses in the u.k.. they have been global for a long time. well run, good management, a lot of opportunity. alix: when it comes to overall europe, is there any kind of yield you might be interested in that will yield more opportunity? matt: europe is never getting this interesting scenario with slow to negative interest rates. we will wait and see as they bounce along this bottom. i think opportunity will definitely manifest. bekendorf, thank you so much. a pleasure to have you on set with us. david: besides london, there is another big event. our bloomberg invest some of. david lubin steen sitting down with -- david rubenstein sitting down with leon black. >> when you see an opportunity like that unfolding, are you thinking we are approaching another recession and are you ready to buy debt at a discount again? leon: pleasure to be here with you on bloomberg. the moderator is right to say i do not usually do this. i do this because you are

unilever tells us on our website we voluntarily disclose all fragrance components in our products greaterosmetics. >> there definitely is a trend towards choosing products that have as few chemicals as possible because i think it's being more widely recognized that this is a growing issue. >> listen, until there's additional research or a change in regulations it comes down to a personal preference. if you want to know what's in your personal care products, well, then this clean beauty trend has you smelling like a rose. >> oh, yeah. >> that was pretty good, becky. thanks so much, my friend. >>> we head over to ginger now. >> time for a "gma" moment from nashville, tennessee. this is actual video of me trying to get out of bed this morning. that's actually colt from tennessee. a little baby that his mom says he just started doing this and watch at the end here. gives up. that will be me in about an hour. so we'll see you soon. how about you go to my facebook >>> i'm abc 7 news meteorologist mike nicco. good morning. it's going to be sunny this afternoon, our most comfortable day moving fo

masterson downplayed a report from last month that unilever was considering a billion-dollar offer.after rising 600% in the first five weeks as a public company. jp morgan cutting government addition on the stock from overru recommend to neutral. in pro basketball, and injury to golden state star kevin durant has shaken up more than the warriors. last night in game five of the nba finals, he hurt his achilles tendon that can lead to a lengthy recovery. he was expected to be the most highly sought after free agent in the off-season, but now nba teams will have to take a closer look and consider if they want to spend $150 million or more on him. that is the business flash update. poor timing unfortunately. the women'stiming, world cup is underway in paris right now and the u.s. team is currently playing thailand in their first match this hour. we hear they are up 1-0. the u.s. will play chile on june 15 and sweden on june 19. england is expected to be one of the final four so you are in a good position. caroline: they already played their first match versus scotland and won. now frida

microsoft partnering with you'd unilever for personal care products like x-box body wash, x-box deodorantd video games. i'm not going to go there. maria: apple's push for privacy, the company rolls out new features to protect children, we've got those details right after this. day e how we customize car insurance because no two people are alike, so... limu gets a little confused when he sees another bird that looks exactly like him. ya... he'll figure it out. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ can't see what it is yet.re? what is that? that's a blazer? that's a chevy blazer? aww, this is dope. this thing is beautiful. i love the lights. oh man, it's got a mean face on it. it looks like a piece of candy. look at the interior. this is nice. this is my sexy mom car. i would feel like a cool dad. it's just really chic. i love this thing. it's gorgeous. i would pull up in this in a heartbeat. i want one of these. that is sharp. the all-new chevy blazer. speaks for itself. i don't know who they got to design this but give them a cookie and a star. maria: welcome

the boss of unilever, they make a lot of the products in the cupboards in the kitchens.o more than that. marks & spencer say they would more than that. you do something around the time ofan that. you do something around the time of an event that says we are participating but your fundamental business isn't actually contributing to the advances of which have you mean it one moment in time but not across the board. they say that is an increasing thing people need to keep an eye out. we've only got time for one story. how about this one? this is a cocker spaniel peter, a one—year—old from sheffield, whenever peter gets very excited, he gets froze n whenever peter gets very excited, he gets frozen into this position so he just gets into this position. fainting go to syndrome, it's called. let's say peter is perfectly healthy but the owners say fainting can be triggered from anything, chasing a bird, seeing a duck and suddenly hejust goes chasing a bird, seeing a duck and suddenly he just goes like that. fainting go to syndrome. for how long? oh, dear. ithink it's very tempor

unilever saying 75% of its sales growth comes from purposeful brent. this comes after -- brands.ter the chief criticized woke- walking. >> we will give all of the brands in our portfolio an amount of time to figure out how they can make a contribution -- positive country vision to society -- contribution to society. the ones that are not able to find a higher order, a role that they can play, may well end up better off with someone else. >> elon musk putting a new spin on henry ford's line that a customer can have any color, as long as it's black. tesla choosing white instead. it will cost buyers a next her $1000 to have the car in black starting next month. that is your bloomberg business flash. nejra: thank you so much. let's get a quick check of the markets. equities in the green. the stoxx 600, most industry groups trading higher after we saw chairman powell drop statementfrom the from the statement. futures trading above the level of the record height in the cash market. do we hit that record today or later this week? -- hit alate 2016 low late 2016 low. wti and brent both s