united tech is low i think that's just a preview of coming attractions >> i'm not even going to bothersking about ge, then. >> we got ge's trades at this. >> uyou have some big components of this that have been hard to hit. the structure of the trade makes perfect sense. >> when we talked about boeing, that's how we started this conversation jp morgan reversed 5% from its pre-market, they're going to hit their numbers in china this stock is going to be on its way back to the low end of the range and it's going to take the whole sector with it >> for other action check on our website. while you're there, check out our super cool newsletter. don't be the only one not reading it in the meantime, here's what else is coming up. >>> don't be such a square >> good advice, because square shares have been flattened but there's one event that could soon save it >>> plus, reach into your pocket, grab your phone and tweet us your question at optionsaction. if it's nice, we'll answer it on air when "options action" returns. "options action" is provided by sink or swim on ameritrade so, why don't tr

this you have great guidance from lily and lockheed martin and caterpillar, whirlpool, affirm, united tech and masco afirpd williams were a little iffy overall. the important thing is if you just look at this, you can see pretty good numbers. take a look at coca cola and united technology. caterpillar, modest numbers. lockheed had great numbers it's down. 3m don't do anything about not affirming their guidance, it's a mess there here. so the other problem is the rates, flattish. you look at the higher rates the minute we hit 3% david is referenceing that the minute we hit 3% on utility, we saw the whole markets drip lower. there's how they reacted i don't have all new low, every accepting him day now. again today, new lows across the board with all of the big names here finally fang stocks are down a fourth day in the row, facebook, apple, drifted lower this has become a fairly regular event there. the only brake throughs are energy stock they continue to hold up modest new highs in hes we need new rotation and leadership back to you. >> continuing along that earnings theme, google parenta

a sigh of relief that we didn't mark.he united tech and caterpillar upsting, helping the doubt 150 pointsuities flat in europe. the data in germany rolled over a little bit. not a lot of optimism. classes, 2.98% on a 10 year. yields moving higher by one basis point. it see what the dollar does. yesterday a boost, today, softer. thek in that heading into ecb meeting. curve, a flatter yield 30 basis point between the five and 30 year. it feels like the action will be in that market looking at the spread in the 10 year. other commodities grinding higher like copper. it raises the question is the 3% about commodities. david: the tenure keeps teasing you. alix: i have been waiting for its -- the 10 year keeps teasing you. alix: i have been waiting for it. let's get a check of what is making headlines outside the business world. taylor: president trump and emmanuel macron meet today. the first day of his visit was devoted to ceremony. they had dinner at george washington's home in mount vernon. today, macron will try to convince the u.s. to stay in the iran agreement. you also talk trade. in te

impacted by a potential tariff it is not just plane makers either honeywell, general electric, united teching today and with big aerospace businesses but other segments could be impacted as well if you see a perspective trade war that he is cal ates and same story for deere and cater pillar co -- kmidities are slumping and oil and copper slow, that is affecting the business too they also operate and sell in china. >> the best way to think about this as they said on cnbc today, industrial kong blomer ats were not built on populism but built on globalization if you see the trade tensions ripple around the globe. there are no wirns here,t leasin thendustrial sector, only losers. there is still? ambiitand discussing with phil how things might be lost in translation. things are sort of unclear so what fits in but that whole notion of empty weight is critical for boeing because that determines whether the 737 and the maxes are included and the maxes are the future growth stream for boeing, right we still don't know if that is included or not. >> i think there are a lost questions here including

dow now down 623 points after he tweeted an escalating trade tensions between china and the united states. techtocks much lower led by amazon after the president's attacks on amazon. we'll keep our eye on what's going on on wall street. the dow down 2.6%. and today the white house is claiming for the first time that former veterans affair secretary david shulkin resigned. they say he was -- he says that he was fired via presidential tweet right after chief of staff john kelly gave him a heads-up last week. >> were you fired or did you resign? >> there was no reason why i would resign. >> so why don't you just say you were fired? >> well, i think that's the alternative to resignation. the president wanted to make a change and that's certainly his prerogative to do that. >> so the tweet fired you? >> yes. >> but this is more than a he said/she said. it can impact the va going forward and it's the latest chaos in the trump cabinet. joining me now politico's anna palmer covering all these fast changes. let's talk about shulkin. we've never seen a resignation letter from him and the white house didn

the united states is a world leader in high-tech manufacturing and development. so naturally china's government is coming after that lucrative industry and continues to try to steal their way to a competitive advantage. every one of our top industries that employ millions of americans in good-paying jobs, that make our economy the envy of the world are targeted by the chinese. and this one is no different. so i want to applaud the f.c.c f.c.c.'s decision and president trump for pursuing a tough course of action against china and its rapacious trading policies. the president is exactly right about china. it seeks to take advantage of the united states in innumerable ways by undercutting our products, stealing our intellectual property, and denying american companies market access. so i strongly encourage the f.c.c. to finalize this measure and encourage president trump to stick with his tougher posture towards china. finally, mr. president, a note on floor action this week. the republicans are pushing in succession legislation that hurts labor rights and working p

unit. bloomberg's asia tech management editor has the story. this seems to be going on forever.seems like the chinese are in no hurry to give its green light. peter: that is right. this is one of the mess your auctions out there. this started more than one year ago when toshiba ran into troubles with its nuclear business in the u.s. and they needed to sell them it -- sell the memory chip business. that is the crown jewel of their business. in order to raise the billions of dollars they needed to plug this whole caused by the losses in the nuclear division. they had a messy auction, there were a number of bidders including foxconn and brought mm.e -- broadco they decided to sell this to gain by 2 trillion yen or $19 billion. they need regulatory approval to be able to close that deal. they first that they would be able to do that by march 31st, they did not get the chinese regulators to sign off. they are still waiting according to the people familiar that we are talking with. chinese authorities have yet to indicate when or if they will give the sign off or if they want addition

vers, united it can, travelers, united the up some very strong numbers united tech that is, and that stock is going to be up a nice 2% right there. overall -- yep we're going up this tuesday morning. it has a triple digit gain for the dow and as i said 12 for s&p and 25 for nasdaq market watcher mike murphy is with us now. i've got to talk profits. that's look at really, really good. profits are looking great. i think the market has a discounting mechanism stuart back to level where is we were to start the year but you've got an free peek now at quarterly earnings and they're doing great. certain canes -- aren't doing better than others those are ones who want to invest and those that show you the growth. >> really? >> what you're looking for is growth. >> you have to have growth and profits -- >> iemg putting dollar into a business i want to know that that business is going to grow and be worth my dollar and therefore be worth more in the future. >> there was a number that just blew me away last night that was google expecting $100 billion worth of advertising revenue in a year. 100

report about this data scandal were released and generally it was not an easy month for tech companies in the united states at all i was taking a closer look at the share price just in one month it has been dropping by fourteen per cent so i'm not sure users are desperate to get answers also shareholders want to have this issue solved as soon as possible again you go for us and pray for thanks for the analysis. the first few days of strikes of cost france's rail operator one hundred million europe's the rolling stone pitches could go on for months and neither side the government nor the unions look like backing down french rail workers can retire at fifty enjoy free health care some subsidized housing they can all catch the train for free president a memo mccoy doesn't want to change any of that for current workers just for those joining the heavily indebted public service. the chaos on french train platforms shows little signs of easing both the government and the unions are holding firm workers' rights is a cause notably close to french hearts but the broad consensus that protected france's state

fact that we would have so many openings in tech related jobs as as brynne mentioned, and we have a miniscule number of people being allowed into the unitedth the fact we don't have appropriate education training to create the new core of trained tech centric workers that we need, it is like are shooting ourselves in the foot as a country. emily: i am interested in the diversity issues in the tech industry, and someone suggested to me perhaps the governor -- the government could award h1-b . most of the visas are awarded to men. what you think of the idea that the u.s. can roll them out equally and combat gender diversity issues in silicon valley? brynne: we know there is a huge gender imbalance and there is a pipeline issue. i would talk about it more broadly, across the world there are less women who were mobile than men in jobs. we know there is some unconscious bias that goes into selecting women to take a work opportunity at a different location. quite frankly, employers often assume that a woman is not going to want to create -- going to and is not going to want to move because of family reasons. i encourage companies to be the star

our investigative unit first revealed claims of a botched cleanup. >> tetra tech is speaking out about allegation of widespread misconduct. they say claims by whistle blowers are untrue. as for an investigation that claimed half of the data is inconsistent, some of it fraudulent, tetra tech doesn't agree. >> we want to assure the neighbors and residents of hunters point that what we did was proper. >> he is a senior vice president at at the time tra tech and defended his company's work during a news conference today. he revealed the company is offering to pay for an independent retesting of the shipyard to prove tetra tech's cleanup was performed correctly and safe for redevelopment. >> we are confident that it will demonstrate the validity and accuracy of our work. >> reporter: tetra tech received over a quarter of a billion dollars to get rid of radiation. but they have to retest the entire thing because they don't trust the company's soil testing data. how do you explain that? >> we have looked at the draft third party reports that the navy's prepared. we have a lot of questions abo

tech correspondent. also on the program the united states dials down its regarding pure dish tariffs against china starts around me on the hope that a trade war could be canceled after all and a new fast train link could prove to be a real game changer for people. traveling from london to amsterdam. this is a business on first of call the welcome over tens of millions of users more than previously can't lamed are affected by the recent privacy scandal at facebook the social media network revealed that eighty seven million profiles may have been exposed in the cambridge analytic got data grab facing the worst crisis and its history facebook now says it will restrict the data that other parties can use. it is potentially the worst privacy scandal involving any social network and facebook has admitted its role on its corporate blog in a post the social media giant reveal changes to its privacy policy it also released figures about where users affected by the cambridge analytical privacies gundel came from the us was the most affected but millions elsewhere those whose data may have been improperly shared af

report about this data scandal were released and generally it was not an easy month for tech companies in the united states at all i was taking a closer look at the share price just in one month it has been dropping by fourteen per cent so i'm not sure the users are desperate to get answers also shareholders want to have this issue solved as soon as possible a day you go for us and prefer things for the analysis and back over to feel. thanks so much it bad. police in months to say three people still in critical condition after saturday's deadly valid tac in the western city of munster investigates this the driver did not have a permit for the gun which he used to kill himself after driving into a crowd outside a bar in the old town two people were killed and dozens more injured police say the forty eight year old attacker appears to have mental health issues. he did leave correspondent shot chelsea bill has been covering the story for us his assessment of the city's reaction. people are struggling to make sense of what's happened they still don't know what lead to drive into a crowd of people just b

now today's decliners are not nearly as steep as yesterday's selloff in the united states but those techries have reached europe take a look at chipmaker stmicro in the red today one of the catalysts for the drop, a published report saying apple is planning to use its own chips in mac computers as early as 2020. those names in focus today now for most of the major european markets, the first quarter was underwhelming. london's ft-se 100 posting the worst quarter since 2011 the german dax saw a 6% drop followed by a 4% decline in spain. germany and spain are in correction territory markets in paris down 3% different story in italy higher by 3% led by a rally in the country's banks. speaking of bright spots, uk paid tv operator sky is on the rise today, 20% trade fox is mulling separating sky news from sky. fox also says it could sell sky news to disney now the proposals are aimed at easing uk regulators' fears about the murdoch family having too much influence over british media. fox is seeking approval to acquire the 61% of sky it doesn't already own shares up just about 2%. >>> and, of

manufacturing economy within the next seven years in doing so though he is challenging the big tech icons in the united states and they say that the reason why china has got to the position it's out now is because it's been stealing and replicating their technology u.s. executives here though worry that it's not so much further terrorists that are the big concern it's whether this trade friction could turn into a consumer boycott and we've seen in the past that the chinese consumer can be a very powerful weapon still ahead on the bus and thousands rally in brazil calling for former president to stop his presence sentence for corruption and. about carrying dozens of the homes of refugees finally lands in malaysia. hello and welcome to international weather forecast well spring is stuffy in the air for many parts of your opiate is going to come with showers as well but temperatures up into the twenty's as we look at the weather conditions through wednesday but sorry some heavy rain across parts of the u.k. into france and switzerland to bright conditions across the iberian peninsula and the somebody flow

manufacturing economy within the next seven years in doing so though he is challenging the big tech icons in the united states and they say that the reason why china has got to the position it's at now is because it's been stealing and replicating their technology u.s. executives here though worry that it's not so much further terrorists that are the big concern it's whether this trade friction could turn into a consumer boycott and we've seen in the past that the chinese consumer can be a very powerful weapon. their mosque has agreed to speed up the delivery of a powerful defense system to turkey in a move which is a law and its nato allies the announcement followed talks between russian president vladimir putin turkish counterpart raja tired eder one they also launch the construction of turkey's first nuclear power plant some of binge of aid reports from ankara. it's a special occasion for turkey to be part of the nuclear power generating this is the site of the twenty billion dollars a q u which is scheduled to begin operations by twenty twenty three the leaders of russia and turkey said it will hav

manufacturing economy within the next seven years in doing so though he is challenging the big tech icons in the united states and they say that the reason why china has got to the position it's at now is because it's been stealing and replicating their technology u.s. executives here though worry that it's not so much further terrorists that are the big concern it's whether this trade friction could turn into a consumer boycott and we've seen in the past that the chinese consumer can be a very powerful weapon a woman who has opened fire at you choose headquarters in the usa to california wounding three people before killing herself all eleven hundred employees were evacuated from the complex in san bruno and one of the injured is in critical condition investigators are treating the shooting as a domestic dispute. most carriers agree to speed up the delivery of a powerful air defense system to turkey in a move which is along its nato allies the announcement followed talks between the russian president vladimir putin and his turkish counterpart russia time they also in the construction of his first nucl

billion people around the world who use facebook on a regular basis but by titans of the tech industry in the united states who are wondering if his performance will in any way to flatten them and be reflected at the end of this with the threat of legislation and did we learn anything new. russian collusion and the way cambridge analytically used that facebook data to try and sway they says. well two things i would point to as we know cambridge analytical provided the information that they harvested from facebook to donald trump's presidential election campaign they also supplied the leave it campaign in the e.u. referendum in the united kingdom what we've found is that mark zuckerberg and facebook are no looking at potential russian links to cambridge analytical he was asked specifically is there the possibility that this information could be stored somewhere and russia and he said that is a possibility that they were investigating and one other big thing that we found out is that facebook cooperating with special counsel robert miller's office you'll remember that he was appointed to look into pos

tech is down. let's talk about what is happening in the european space in more detail in context. stocks are opening a little lower. what happened in the unitedacted by the tech stocks. yesterday, it was a bad start. not the kind of start that the stock bowls were looking for. -- not the kind of start the stock bulls were looking for. changing. are we going to see portfolios changing? joining us, dani burger. can i extrapolate what we saw over the last few days into this next quarter? ,heoretically higher volatility it should be back up again. dani: if you look at last week, that is hard to extrapolate. lower volume, portfolio rebalancing. it is strange to get this start to a quarter with this risk off mentality. with the market leaders turning around. one thing you can think about in time, as far as u.s. stocks are considered, we of buybackriod blackout. some thought we would get over that volatility because companies were the biggest buyers. we heard from our sources that companies were buying not havely, and we do this at this moment because as wego into this next period are in a moment were companies are not allowed to buy back shares. it

and united technology best market for ottis tech following. investors are salivating for more aerospace and honeywell's aerospace for more business. if there is a consumer practice that can stem in the group, it might be coca cola we will know if these moves are paying off when new ceo james quincy give us the skinny. results from big daddy boeing. i would say this company would be the star of the week of earnings parade. now it still might be. i expect a magnificent number. but impossible investors won't pay up for beau like it would a few months ago i think the chinese started it all, but it won't make any difference to the market after the close, i am talking about the numbers from facebook. how much did the cambridge analytica frackas hurt the company. given the need to police its cyber page will there be further revelation of embarrassing. perhaps most important, what was the linearity of the quarter you know the stock is real cheap now. and if there is no lasting impact, this is a bargain. expect the test of itself lows which would take

tech giants the german business daily hundreds blood claims that the united states is accusing the e.u. of violating w t u rolls with its digital sales tax now that would apply to companies no matter where they're based on the tax could amount to between one and six percent off sale not profits and that means companies like amazon would not be able to avoid it by reporting low profits or using tax havens and the tax would be due on all activities in that x. that exploit use the data which is also hitting facebook and google the u.s. says that's unfair because the rules are decided specifically to tax huge american corporations it only affects companies with at least seven hundred and fifty million euros in worldwide sales but the facebook scandal has strengthened the hand as it prepares to introduce new data protection laws sounded might find itself in a stronger position to face down washington but is that the case that's what i asked our brussels correspondent teri schultz. well monika at this point it's important to point out that this is a european commission proposal and not yet a

what can i take away if i'm invested in tech in the united states, should i be feeling more good aboutss good? alex: there are three ways to slice this. the amazon sector seems to do ok. we are very early in the data process. the pressure that might be hitting them. the hardware is a very different story. intel, things have done ok it is their main business is selling chips to servers. what servers? amazon, mark soft. -- microsoft. in the smartphone space, you've got qualcomm, broadcom, ams and austria. apple reports numbers on tuesday and samsung has said -- apple, i would not be surprised if their numbers do ok because they are charging more for the iphone. expectations have been tampered. apple is very good at setting expectations going into a quarter and beating. much.alex, thank you very you can access his and other gadfly columns on the bloomberg. us to continuens talking text -- tech at 4:30 p.m. u.k. time. let's get back to banks. he was with the management of some of the regions against lenders had to say about their performance after a busy week for bank earnings. >> in terms

tech- "yes." thousands of housing units, and millions of square feet of office and retail space is planned for thepyard. but the area has been exposed to radioactive material in the past. so, the project can't move forward until it's determined its safe to do so. in san francisco, philippe djegal, kron four news. ( robin ) facebook's series of scandal do not seem to be affecting their bottom line. as advertisers continue to flock to the site in droves. it appears both users and advertisers have shrugged off the facebook scandals despite a "delete facebook" campaign...both daily and monthly user numbers have gone up. and facebook's revenue soared 49 perecent to 12-billion dollars in the first three months of the year. more than 1 point four billion people check facebook at least once a day. a 13 percent jump from last year. ( robin )parents are noticing a disturbing trend on social media. online predators targeting children through impostor instagram accounts. reporter maggie newland spoke to a mother who is demanding action from instagram. parents said multiple children at a school in wake county

from bangladesh to the united states who are many have been eyeing a tech giant alphabet the google parent company saw a steep rise in quarterly profits they jumped more than seventy percent compared to the same time the previous year to nine point four billion dollars alford was able to charge higher prices for online advertising the results belied expectations from some analysts that rival facebook's cambridge analytical data scandal would scare away internet advertisers the company also profited from the u.s. government's most recent tax reform. let's get more from garbo's in standing by the frankfurt stock exchange conrad how are those figures going down on the market. because of the share price of of alphabet here in frankfurt trading is higher but not very much because there were a couple of one off affects in this earnings report for example. that had to book due to a new accounting rule all its equity earnings and all its equity holdings much more precisely than in the past this added a huge amount of money to the balance sheet but of course this also means that future earnings inc

the trade dispute between china and the united states reaches a new level of escalation washington publishes its list of high tech products to be hit was terrorist beijing answers with bad news for u.s. farmers also on the program europe sees an upswing in employment power resilience is the strengths and we take you to slovakia where money that's meant to foster economic growth regularly attracts violent criminals. this is a business i'm christopher caldwell welcome to the tit for tat trade dispute between the u.s. and china continues on wednesday beijing announced additional tariffs on one hundred six u.s. products worth around fifty billion dollars including cars and soybean meaning that farmers many of whom voted for u.s. president donald trump are most likely to be hit beijing is yet to announce when the terrorists take effect. now before the trump administration had rolled out its own list of proposed chinese imports to be hit with fresh terrorist thirteen hundred products worth roughly fifty billion dollars would be subject to an added import duty of twenty five per cent now the list includes various indust

the big story in this united states now is employers, manufacturers, tech. the rest of it can no find workers to fill the jobs that are available right now. >> neil: why is that? i read that. surely that is easily addressable with improved pay, a more demanding working public. what? >> one of the reasons, we know there's a skill deficit. the other thing we haven't heard so much about that we tried to emphasize is the lack of mobility now by american workers. the united states is famous for people moving to where the jobs are. we had a great migration after world war ii. people moving from the south to the north to take jobs. to a great extent, that happens a lot less. people stay home. they won't move to where the jobs are. that's for a variety of reasons. they feel housing is too expensive, it's not worth selling their home. it's also the cause that there's been a whole sort of accumulation of disincentives, welfare, disability payments. the rest of it, which kind of adds up to people saying, it's not worth my time to make all the effort to move to a job. i

units. ramy: we will head to the tech world.ion facebook users may have had their data shared with cambridge analytica. that is up from the original estimate of some 50 million. we will hear mark zuckerberg's response, which happened just a few hours ago. this is bloomberg. ♪ welcome to the xfinity store. i can tell you about... streaming the most free tv shows and movies on the go. yeah, and... xfinity internet. it's so fast! and you can save by... by getting up to 5 mobile lines included. whoa, you're good. i'm just getting started. ♪ simple. easy. awesome. come see how you could save $400 or more a year with xfinity mobile. plus ask how to keep your current phone. visit your local xfinity store today. 7:30 a.m. this morning in hong kong. not a lot of people at work today. there is the festival, a holiday here in hong kong. for much of the week, it seems quiet on the streets. we are 30 minutes away from asia's first major market open. ramy: it looks beautiful over there. it is 7:30 in the evening in new york. markets closed su

china's made in twenty five plan this is china's plan to elevate and promote its high tech industries and this is what the united states could be aiming for so it's not so much a strategy at aiming for trying to reduce the trade deficit between china and the united states it's really aimed at chinese trade policy and abandoned chinese space laboratory has crashed back to earth china's space agency says the tiangong one mostly burned up on re-entry over the south pacific ocean and lost control of the vessel two years ago the lab was long since september two thousand and eleven to carry out docking and orbit experiments it was supposed to be decommissioned in two thousand and thirteen but its mission was repeatedly extended. donald trump says there will be no deal to protect hundreds of thousands of undocumented immigrants who arrived in the u.s. as children the president's made the announcement about the so-called dreamers on twitter he also threatened to pull out of a free trade agreement with mexico that's if it doesn't do more to stop people from crossing the border diane easterbrook reports from washington d.

which is the syrian state the syrian people who have no interest whatsoever in tech field or islamic radicalism so the united states is losing ground they have a bad hand play and you know. regime be they will get out are stronger said but you know at the moment of madness anything can happen. now in his tweet evolving to fire missiles at syria trump said you know that russia about to shoot down any enormous fire missiles aimed at syria get ready russia pulling in russia there into the whole thing to think that's because of the comments from the russian ambassador to lebanon saying that u.s. missiles would be shot down or do you think that the start was coming either way. no this is we think this is turning into a game of chicken and the main interest now of the united states is to till they have been put somewhat into a corner by the russian contra threats their main interest at the moment is to assert authority over what they believe is their own over forty in the world and that the can strike wherever and whenever they like so they might through in whatever sophisticated missiles just to tell the russians

china's made in twenty five plan this is china's plan to elevate and promote its high tech industries and this is what the united states could be aiming for so it's not so much a strategy at aiming for trying to reduce the trade deficit between china and the united states it's really aimed at chinese trade policy donald trump says there will be no deal to protect hundreds of thousands of undocumented immigrants who arrived in the u.s. as children the president made the announcement about the so-called dreamers on twitter he also threatened to pull out of a free trade agreement with mexico that if it doesn't do more to stop people from crossing the border diane easterbrook reports from washington d.c. . president donald trump began easter sunday with a holiday greeting on social media that later degenerated into a twitter rant over his proposed border wall with mexico and threats to dreamer immigrants saying these big flows of people are all trying to take advantage of daca they want in on the act when asked about the tweets as he headed to church the president had this to say next ago it's got to open at the bor

know there are a lot of things that are planted by the british by the united states we have been sending. gargantuan amounts of high tech weapons to the terrorists and we had a leaked report from the defense intelligence agency in two thousand and thirteen that said that we were indiscriminately supplying all rebel groups including specifically isis and al-qaeda and so it doesn't surprise me we have been engaged in a propaganda war to condense our own people that what we are doing is fighting against syria and instead of fighting for the jihadist terrorists there is considerable opposition here in britain. to what theresa may say in support of donald trump now how is that base that you know that republican base is going to react then to a war. i think there is very little enthusiasm people tend to accept what they hear the media the media over here as is have a way censored even social media is beginning to be censored and i think also the united states has been continuously at war for seventeen years that is longer than world war one world war two and the vietnam war all combine i don't think there's going to be much b

way to down by tech stocks fears that further tariffs could be imposed on tech products by china have spooked investors the united states is expected to release a list of chinese products that will be hit by the punitive tariffs announced by the u.s. government last week. and of course europe's main markets in london paris and frankfurt were closed on monday for the east bank holiday today they opened down more than north point five percent and for the latest let's cross over now to our man at the from food stock exchange only bards how's the market holding up half way through the day. that's holding up quite well considering what kind of stock market performances there were that went ahead especially on wall street here in frankfurt the docs is losing a little bit over one percent of basically all the major shares losing especially hard head high tech shares also the german ones they're losing much more in there and next almost two percent than the doc says with one point two percent at the moment and that's also because of trump's threats to our it's high tech companies and that fear that that sector could be a

the united states have taken aim --the tech industry and far industry as far as the tariff industry. products ranging from -- china condemns the move in says it will respond with the same intensity. we've got our editor, jodi schneider. he have been covering the story through the morning. we will hear from the chinese in just under 2.5 hours. what will be the objective of trump? what do you think he really wants to achieve between this verbosity and the scale of what he is implement? jodi: the trump administration, the u.s. trademarks in this office who moves these forward is to tackle, to fight back against what the administration views as abuses of intellectual property practices by china. this is something that president trump had talked about when he was a candidate. it has been a theme of his against china. he hasn't really done anything until recently with the tariffs. they are really trying to make a statement here that they are going to take action. this is the first action directly against china because previous actions had included a number of countries. this is geared towa

manufacturing economy within the next seven years in doing so of course china is challenging the big tech giants in the united states and they say the only reason that china has got to where it's at now is because it's been stealing and replicating their technology and they wanted to stop what happens at the moment in china is this say some u.s. executives when a u.s. company wants to do business here in china it has to find a local partner in the process the u.s. side has to hand over often quite sensitive information you know details about how they do what they do their intellectual property rights the problem is when the joint venture goes sour the chinese side holds on to that information and there are no safeguards for the u.s. side that's what the u.s. is really targeting analysts say it's not so much the trade deficit that the in the crosshairs of the trumpet ministration it's chinese trade practices adrian brown live for us there in beijing thank you. now russia has agreed to speed up delivery of a powerful air defense system to turkey a move which has alarmed its nato allies putin has put his warming

artificial intelligence which is very important especially in the united states the top five countries companies new night it's are all tech companies and they're leading the way in artificial intelligence obviously they're leading the way in social media this is the place to deliver that message and it's interesting that you made that point you talked about europe in the united states moving together on that when of course the united states is so much father ahead the new europe issue i mean europe has the data protection laws but in terms of the developments of the technology it's all the us for that he said you know we need to balance innovation and ethics so it's you can you can lead to do it or we'll look at it well you know with the debates we get exactly how do we balance those two two things that he didn't mention he did mention facebook of course but he didn't mention explicitly russia or china at any point in the speech which is i think also interesting to note a custom phenomena in washington on nuclear proliferation he sort of he sweeten the pill he after talking about climate change and how he was against much

foolish or incompetent people he represented the united states that still he's doing his best to stoke tensions announcing new duties on a whole range of tech products and as feared china has retaliated. american soybean farmers need china the vast country bias thirty percent of the project it has a huge park industry mainly fed on soybeans but beijing has included soybeans on its list of punitive tariffs to encourage chinese pig farmers to buy outs where china will fight back by targeting very specifically industries that focus on the voter base that trump is seeking to appeal to the soyuz produced in states such as this constant in wyoming with a strong republican voter base just distract of chinese tariffs not one point seven billion dollars off u.s. soybean futures on wednesday shanghai residence cement impressed by the dispute. i saw on the internet that we should boycott american goods probably well i can't speak clearly it will affect prices like on the imported goods we use in our daily lives but it won't have a major effect on our daily individual life i think those products aren't in huge demand if. chinese officials are wondering

this is perhaps the most tech savvy area in the united states.nd people work with verified rkts tweeting things like active shooter. saw people running while at my desk. now barricaded inside with co-workers. that individual a few minutes the hear tweeting, safe, got evacuated. outside now. a lot of individuals who are verified who work for youtube in san bruno, california. >> yeah. these are scenes that we see way too often and clearly the police have responded in a massive fashion. not only with police officers but with fire and ambulance as well. in the event of a mass casualty incident. the city of brandon san bruno saying they have sent everything to this area to lock it down and make sure if there is an active shooter, they're trying to be as aggressive as possible in this area. you can see from an affiliate of ours, the very heavy police presence around this headquarters. around youtube headquarters. the number of people flooding out of that building as police try to move in. people come flooding out and they have to make sure that one of

there is increasing tension between the united states and china between -- over intellectual property and tech from doing business in the united states. that would really shut down hua wei's ambitions to compete with cell phone business in the united states. billion worth6.5 of their equipment now. isn to 20%, but still that $46.5 billion. china might say, no more apple iphones. sc, the smaller 1 -- they had that because they wanted to sell the smaller phone in china. that is where they want to see their revenue growth, at the saturation point, not seeing the turnover, the replacement cycle theythey sought -- that thought. so here is a dumb question. how can they do this? david: the claim is there is a national security issue because the are worried about chinese getting into our technology too much. it goes back to hacking. i do not know enough to be able to evaluate that. that techderstand battle, but isn't more of a sin national -- more of a national security issue in things like car parts? that seems more dangerous than a phone. david: phones have gotten so sophisticated. there is so much

in somebig move higher of these tech names in the united states after hours.mazon coming out with numbers that pleased the market. it was not just amazon. over in the chinese session. we have gone from a period of worrying about chips to being less concerned. nejra: this is bloomberg. ♪ anna: good morning. "bloomberg daybreak: europe." , fairly misty looking scene soggy looking seen across singapore. hazy. 6:30 in london. 1:30 in the afternoon in singapore. isn't equities on the front foot. technology is one of the things we are watching this morning. technology stocks overnight in the united states doing pretty nicely. we have got breaking news coming once again. nejra: this is french gdp we have got here. quite a bit of gdp data, quarter forarter on france, 0.3%. that is a slight miss on the survey. we look at gdp year on year, 2.1 percent. a bit of a miss on the estimate of 2.3% and a slowdown from the prior reading of 2.5 or sent. anna: let's get into the micro story. daimler. theirre giving us revenue numbers. that's probably a mine was the 40 billion als

protests in gonna provoke the government to make a stand against the united states that story and more after just a short break. the tech sector that's leading this rally we've seen for the past five or six years requires the logistics on a global basis to work in perfect sync so there's going to be a fallout if some countries are going to go to war with each other but they can be trade wars which can be cyber wars that means that platforms that require precipitation and sinking fall out and drop out and crashing in different areas so their revenues have got to suffer as a result. welcome back to the program the u.s. will not be given a military base and that's according to the president of the west african country he announced that decision on thursday. ghana has not offered a military base and will not offer a military base to the united states of america that statement comes after mass protests in the capital of god you can see there against the military deal with the united states that was traitors world war and such an agreement would give washington too much influence over the country's sovereignty artie's igor's

united states. how much of what we saw today with the selloff in tech was about this trade war looming and just about it was tech itself? >> i think it's mostly tech itself at thisstage. trade war is not going to hurt tech as much as it does some of the industries. there was some specific name selloffs today with tesla and facebook. i don't think it's really the trade commentar but more the tech sector. >> you think the selloff in facebook is roverdone,ht? >> it has been overdone. i mean facebook is not a perfect company. it hasn't manag privacy very well. and they're taking steps to address that. but facebook is now has cheaper valuation than walmart which i think is a clean sign that it's w overdone. >> so at this point, do you think it's the time for people to jump in? facebook has seen a deep dive in the share price. could this be a good buying opportunity? zblfr >>nk i t retanl vestoil investo should not try to time the market. being invested in products that auto balce like etfs and doing dollar cost averaging. if you just do that meodically, yes, right n is a good time to buy because the same

united states and now the u.s. is still in the reject c.e.o. plans to tax not profits but sales of american tech giants like google and and amazon. the turkish currency the euro is in freefall but the government disagrees with economists on means to halt its decline and points to a conspiracy. of business i'm monica jones in berlin good to have you with us so it's been one year since a french president in call came to office on a promise to reform the economy now he said that he expects to face stiff resistance when it comes to reforming state enterprises and challenging entrenched interest groups and he was right the country's powerful rail unions out in force me to chaos at france's railway station spilled over into the weekend two thirds of all high speed trains were canceled along with many regional trains and it's been going on for two weeks with fears the french economy could suffer. see the impact has been limited we cannot quantify it now but we can already see in certain sectors of the economy in hotel reservations travel tourism that it is starting to have an effect and that's why the