david:, we will hear from margrethe vestager. -- up next, we will hear from margrethe vestager. this is bloomberg. ♪ matt: this is "bloomberg markets ." david: time for the bloomberg business flash. he was has given airbus to go for what will be a record deal with iran. maker hasircraft received two u.s. licenses allowing it to sell iranians the first 17 jets in the deal. airbus and boeing have agreements to sell iran more than 200 planes. there's a report that apple is in talks about potentially buying mclaren. apple is considering either a full takeover of the company or a strategic investment. apple has been developing a self driving car for more than two years. in the uk, more feel is being added to the debate over immigration and brexit. the uk is not attracting more trade and technology specialists and engineers. that is your business flash update. africa's most industrialized economy but it has been mired in leadership turmoil and economic stagnation. has been hit by collapse in commodity prices, tighter monetary policy and political uncertainty. how can south africa get

istics say vestager's unfairly training her sights on u.s. companies. do not have control over taxation. what we do is to enforce legislation that goes back to 58 because our founding fathers thought we should have merger control anti-test and saving in order- anti-trust to have a level playing field. >> why is the estimate will -- so different? margrethe: the numbers we have are obviously apple's numbers, we build on the information we get from the company. i hope that we will be able to publish as much of the decision as possible, it is now in the hands of apple and ireland if they want to redact some of the things in the decision if they .ind them to be confidential i think it is best for everyone to put out in the open the decision because then you can check as well as anyone else. david: i wonder how difficult it is for you to get your hands on data from companies like this. how forthcoming are companies with data like this? margrethe: one of the ironies is it started with a question asked in the u.s. senate because before then none of this was pub

. >> when we come back, european competition commissioner margrethe vestager talks about the apple, andarah eisen has that first on cnbc coming up. also ahead, nba legend kareem abdul-jabbar coming up, he's not pulling punches on certain issues in his new book. look at the premarket, s&p moved less than one point two days in a row for the first time since 2014. back in a minute. ♪ guyhey nicole, happening here? this is my new alert system for whenever anything happens in the market. kid's a natural. but thinkorswim already lets you create custom alerts for all the things that are important to you. shhh. alerts on anything at all? not only that, you can act on that opportunity with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. bacteria can hide in food and make you ill. wow! announcer: but you can keep bacteria from ruining your day with 4 simple steps: clean, separate, cook, and chill. the roadchip to food safety starts at foodsafety.gov. >>> welcome back. want to share some breaking news involving via

critics say vestager's is unfairly training her sights on american companies. something she denies.avid gora asked her about those claims. margrethe: i do not have control over taxation. what we do is to enforce legislation that goes all the way back to 1958 because our founding fathers thought we should have merger control antitrust, and saving control in order to have a level playing field. david: apple says it paid a tax rate of 27% and the estimate you have is five thousandths of a percent. why is there estimate so different? margrethe: the numbers we have are obviously apple's numbers, because when we do this kind of work we build on the information we get from the company. i hope that we will be able to publish as much of the decision possible. it is now in the hands of apple and ireland if they want to redact some of the things in the decision if they find them to be confidential. i think it is best for everyone to put out in the open the decision because then you can check as well as anyone else. david: you talk about redaction. i wonder how difficult it is for you to get yo

. >> to me he is the last living vestage of what made the country help live up to its real creed thatll men are created equal. >> youngest members of the audience recognized they too must do their part. >> a message a lot of people need to hear you can be successful and still fight for something real. >> now pastor said this award includes the dali-lama and mohammed ali and in very good company national constitution center. thank you christie delaware off campus house party led to 180 arrests over the weekend and sent someone to the hospital for alcohol poisoning and busted for under age drinking and it's affiliated with an unsanctioned fraternity and problems for people who provided alcohol to minors. a soldier convicted of murdering his girlfriend's mother will stay behind bars and sentenced caleb barns for killing 54-year-old cheryl of allentown and the judge told the smirking defendant he showed cowardness and lack of decency or empathy and must be removed from society for ever and daughter 14 at the time plead guilty to murdering her mom's murder because she demanded she break up

. >> our sara eisen talking to vestager earlier this morning. we're going to continue that conversation. but quickly, we want to check in on scott wapner and get more on this news concerning the s.e.c., omega and leon cooperman. >> these are the insider trading charges we just learned about 15 minutes or so ago. i did just get off the phone with mr. cooperman, carl, who told me the following -- "i've spent 50 years developing my reputation in a proper manner. these charges are without merit. we will be vindicated." mr. cooperman also told me that the s.e.c. offered a settlement which he called unacceptable to omega and myself, those words coming from lee cooperman. i do have a letter, a four-page or so letter they've just sent out to investors. i'll read quotes directly from it, where mr. cooperman says "we are highly disappointed with the commission's decision to file charges and strongly disagree that the firm or i have engaged in unlawful conduct. we have done nothing improper. we categorically deny the commission's allegations." as we've alr

mark: margrethe vestager, the european competition commissioner, has ordered apple to pay a record taxill. how has apple responded? >> there is massive shock here today. reports were saying as low as 100 million euros, yesterday afternoon, the sentiment has changed. it might be in the billions, but i do not think anybody was prepared for over 13 billion euros, so it was a huge shock here. that number sports an intense debate about what they should do next. apple is not very happy, pointed out that corporate environments have paid its taxes and everything right, and it is not fair that it should be treated this way. mark: there is disappointment from both parties as well as the u.s. treasury. why did you feel the need to act unilaterally when the only cb has made so much progress over the last three years? him -- margrethe: the case here is specific because we have a long-standing provision of member states handing out benefits or advantages to specific companies. this is the case here, more than it is the case of taxation because these benefits, they can call in all forms. they can com

i'll talk to margrethe vestager about it. i'm vern, the orange money retirement rabbit from voya.ern from voya? yep, vern from voya. why are you orange? that's a little weird. really? that's the weird part in this scenario? look, orange money represents the money you put away for retirement. save a little here and there, and over time, your money could multiply. see? ah, ok. so, why are you orange? funny. see how voya can help you get organized at voya.com. every great start-up begins with a simple idea. but with growth comes complexity. that's why so many innovators are on the ibm cloud. like refinery 29, with nearly a billion views a year. or runkeeper, a training app used by over 50 million runners. or game developers whose popularity depends on launching new updates fast. helping to keep a company's success uncomplicated - that's what the ibm cloud is built for. . >>> welcome back to "worldwide exchange." good morning to you. futures are expected to open higher on fed day. most of this week we've been treading water. yesterday was the same, fractionally higher. today a bit of

margrethe vestager tweeted that she may investigate other major u.s. companies. she meets with u.s.y secretary jack lew in washington later the today. -- later today. global news 24 hours a day powered by our 2600 journalists and analysts in more than 120 countries. this is bloomberg. caroline: christine, thank you. let us talk european politics. angela merkel's party and its coalition partner have lost support in the regional elections in berlin as the alternative for germany along with the greens gained voters. we spoke earlier with a cdu member, david mcallister in berlin. he gave his dots on the afd's performance. partyis a single issue giving simple answers to complex questions. what we also see is that a lot of voters are not expecting them to deliver results. show protests.to i hopefully believe they are not here to stay. caroline: let us get the views of scott from blackrock. populism on the rise throughout the eu. how disturbing is this for the market? angela merkel not running again for example. investors clearly are paying attention to political developments across europe

they're along the last vestages of the front coming on through, just ahead of the cool air settling on in. a couple of heavier downpours. not seeing lightning strikes with these, but what are the chandler harnishes of downpours making it into southern new england? concerning the way the summer has been, pretty slim, but we'll watch the showers to see how they get here this evening. we'll be tracking them for you as the night goes on. i don't expect anything serious out of these. 72 in boston still at dinnertime. portsmouth new hampshire, 66 as well. that's the cool air working its way southward. you'll start with clouds tomorrow, southeastern mass especially. everybody getting to sunshine for the afternoon. tomorrow night, starting out in the 60's for highs. your temperatures are going to drop pretty quickly. 40's an even some 30's will be showing p as well, so a cool start to sunday and despite all the sunshine, a cool afternoon as well. these are your lunch time tomorrows. 64 boston, ply be a change for surely. the rugged maniac happening out in southwick, massachusetts. now i show y

. >> also today, the european commission's competition commissioner margaret vestager made the case for14.5 billion tax penalty. >> the rulings, therefore, allowed apple sales international to pay very little tax on its profits. in fact, the effective tax rate of apple sales international was as little as 0.005% in 2014. it means apple paid less than 50 euros in tax for every million euro in profits. >> clearly a story that continues to keep on going. guys, for now, back to you. >> seema, thank you so much for that. >>> apple rolling out its newest operating system, ios 10, bringing big changes for users and developers. our next guest's app is leveraging the new operating system releasing new features specifically meant for it. dennis crowley is executive chairman of foursquare, joining us from out west. always good to see you. >> great seeing you, too. thanks for having me on the show. >> we've been taking the poll about some developers about 10 and the degree of openness it allows. what's your verdict? >> yeah, i mean, the thing that's been fun for us is, you know, we do lots with not

we are going to speak to eu composition commissioner margaret vestager. all of that coming up. this is bloomberg. ♪ guy: 19 minutes until the market open. let's get the ebf with david ingles -- let's get to bloomberg business flash with david ingles. david: bayer is proposing an increased offer as it tries to increase the acquisition of monsanto. companyamiliar says the -- $129 a share for $56.5 billion. that is 22% above monsanto's closing price yesterday. yesterday both companies declined comment. is -- will probably decline 45%. europe suffers from a drop in tourism. excludingid 13% currency shifts in the months of august missing estimates. the fall includes a one-time restructuring charge. hermes and then in its target -- the paris-based company said it is no longer forecasting annual revenue growth of 8% excluding currency shifts. instead it says it has an ambitious goal for growth. warren buffett has $1.4 billion after wells fargo fell 3.3% yesterday. berkshire hathaway fell 2% at the same time. wells fargo lost its position as the world's most valuable bank to jpmorgan.

. >> vestager is planning a trip to discuss tax issues with jack lew.'m not going to say i told you so, wilf, but, you know, you see sovereignty -- some stupid committee of unelected bureaucrats and this is what happens. >> but he's not going to tell you he told you so. >> nor is he going to accuse me as representing brussels. which has happened before. >> you know joe so well already. >> i need someone here to represent -- >> that's fine. do i have to put on a belgian accent as well? >> that i would not be able to -- i have trouble -- you know, this will insult you. i have trouble between aussie and english. which is you have to be a real idiot not to tell that, right? >> i'm not going to tell you that. >> ding ding. >> but you just did. >> but you're insulted if i said that. >> never insulted but i could tell the difference. >> we're glad you're here, wilf. >> i love being here. it's good. >>> we'll see how the markets are fairing as we count down to tomorrow's big jobs report. joining us now is steven parker from jpmorgan private bank. and covering t

and we're going to eliminate the sub minimum wage, which is a vestage from an ugly, ignorant past. good work deserves fair pay no matter who you are. second, we're going to work with our colleges and universities to make them more accessible to students with disabilities. to have a truly inclusive economy we need a truly inclusive education system. so let's raise our standards. for too long accessibility has been an afterthought. let's make it a priority. in our curriculums our classrooms, and the technology our students use. it's like what anastasia said about her sister. she can communicate through a computer. then let's make sure students who have the ability to do so have the opportunity to do so. then we'll make sure those with a disability can get hired and stayed hard. we'll launch a new program called autism works to help people with autism succeed in the workplace. fourth, let's build on the success of the americans with disabilities act by finally ratifying the united nation clsvention on the rights of persons with disabilities. it has the strong backing of leaders across

what's margreth vestager going to say, marketing tell the competition committee and on and on and on.ot an upgrade today. >> very significant. i think one of the reasons i want to circle back is there's a bid underneath. a lot of people afraid to short, a lot of people afraid to leave because with the succession of very big companies, the acquisitions have just continued. and there've been global acquisitions. i bring up the philadelphia company this was the old prompted put too much debt on it, came out without a lot of debt, reorganized and had good earnings and, bingo, gets taken away. >> as we head into the last quarter of the year i can tell you the chatter i get from bankers and everybody else involved in the merger and acquisition industry is things are pretty good. they're not 2015 levels, which was record. but they're pretty strong. in terms of things we may see prior to year end. >> i still expect a huge number of deals in the technology, semiconductor area because there are too many companies competing for a few clients' work and they have to merge in order to be stronger a