here is viviana hurtado. momentum before donald trump imposes the news terror -- the new tariffs. it all slowed more than economists forecast. the chinese government will need to boost stimulus to cushion the blow. sign of escalating tensions between the u.s. and iran. the state department ordering nonessential and nonemergency staff to leave the country immediately. last week, washington said it to tech to new threats from iran and proxies targeting american interests in the region. agencyernational energy cut its forecast for global oil demand. consumptiong fuel in china, japan, and brazil. warns that supplies may tighten because of u.s. sanctions on iran. the data set for theresa may's final showdown over brexit. the prime minister promises to bring her deal back to parliament at the start of june. may has not been able to reach a deal with the opposition labor party yet, but she is hoping tomakers will support her end the fighting hearing both parties apart. apart.ing both parties global news 24 hours a d

here is viviana hurtado. laming the u.s. for a lack of progress in trade talks. newspaperip chinese of china's communist parties as the u.s. should take full responsibility because it raised tariffs. tojing has threatened retaliate but so far has not said what it would do. mike pompeo is making a surprise visit to brussels, where iran is being discussed. e.u. morant ministers are -- foreign ministers are considering ways to salvage the iran deal. back outhreatening to of some of the provisions if europe does not come through. and the white house is considering conservative judy shelton as the -- she is currently the u.s. executive director for the bank for reconstruction and development. swedish prosecutors will reopen a probe into rape allegations against julian assange. that is a move that may wreak havoc with u.s. attempts to extradite the wikileaks founder. authorities want to question the signs about a 9-year-old -- yearion assange about 89 old rape allegation. help --an will not talks have been ongoing s

viviana hurtado is here with first word news. losing momentum even before president trump imposes new tariffs. last month, industrial output, retail sales, and investment slowed more than economists forecast, leading to speculation the chinese government will boost stimulus to cushion the blow from the ongoing trade dispute. over to the state of alabama, where the legislature has set up a direct challenge to the u.s. supreme court case that recognized a woman's right to an abortion. lawmakers approving a measure that would outlaw almost all abortions in the state, even in the case of rape or insist. support -- or incest. challenges toe the law will be an opportunity to overturn roe v. wade. consumptiong fuel in china, japan, and brazil tims supply may tighten because of u.s. sanctions on iran. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 i'm the vienna art out of. this -- i'm viviana hurtado. this is bloomberg. alix: coming up, buybacks under attack. more on corporate spending and finding

viviana hurtado is here with first word news. ikileaks founder julian assange was sentenced to 50 weeks in jail for jumping bail. he was avoiding extradition to sweden for sexual assault allegations. last month he was arrested after ecuador revoked his political asylum. the u.s. still wants him on conspiracy charges. you are taking a live look at the bridge prime minister's cuban day -- q&a period, feuding question before our limit -- before parliament. she will discuss where things go next. bloomberg learning may once talks with the opposition labour party about a compromise to be wrapped up next week. u.s. secretary of state mike pompeo telling foxbusiness military action is possible as the u.s. doubles down on its support of venezuelan opposition leader juan guaido. guaido continuing to call for supporters to rally in the streets in an uprising against president nicolas maduro. hours later, military leaders were still standing by maduro. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 jour

now let's get straight to the number first word news with viviana hurtado. two biggest parties in the u.k. have both faced a round of voters. the public drawn to parties on both sides of the spectrum that gave clear pro-or anti-european messages. today's big winner was nigel farage. his brexit party coming out on top with over 30% of the vote. demshe anti-brexit liberal also saw its share of the vote skyrocket, coming in second. the french finance minister says a merger with fiat is a great opportunity for run all -- renault. a 7.5% stakeintain in the new entity. the french board will start the -- study what it calls a lengthy proposal. in austria, sebastian was ousted as chancellor just a day after surging to victory in european elections ahead of a general election in september. they are hoping that out of power, the conservative whiz kid won't be as successful. he has now started his campaign to take back the chancellery. and spooking risks investors, they pushed bloomberg index of chinese banks to a four-month low. government'shinese first in more than t

viviana hurtado is here with first word news. viviana: china making its position clear, and has no intention of making concessions to the u.s. to restart trade talks. the ministry of commerce saying the u.s. unilaterally escalated tensions. if it wants to resume talks, he needs to correct what it did. china blames the u.s. for escalating the trade war by raising tariffs. the u.s. blames china for backing out on parts of the deal that were already settled. indian prime minister narendra modi surged to a lead in the country's six week long election , set to win more than the 272 seats in parliament needed to form a government. that is seen as an endorsement s nationalism and populist economic policies. u.k. prime minister theresa may hanging onto her job by a thread. high-profile cabinet minister andrea leadsome quit. she said she doesn't believe the government's approach to brexit will honor the results of the 2016 referendum. a growing revolt looks likely to force may from power. global news 24 hours a day, on air and at tictoc on

viviana hurtado is here with first word news. rime minister theresa may reportedly facing more pressure to resign within days. senior government officials were new brexit's proposal was rejected so quickly. there is little chance parliament will approve her plan. a memo from the internal revenue service reportedly exposes its agreement on president trump's tax returns. according to "the washington post," the memo says returns must. out of complying -- the memo says returns must be submitted. way of note only complying is through executive privilege. on subwaysnt system and buses will begin on a limited basis at the end of the says 80 of the top 100 u.s. retailers are also using cap to pay. p -- using tap to pay. the adaption will start to take off. hardest,t 10% is the and after that there is a snowball effect that really takes off. 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 viviana hurtado. this is bloomberg. alix: thanks so much.

here is viviana hurtado. trump administration avoided further escalation in china. it has avoided labeling beijing as a currency manipulation. the treasury department report does say it has concerns about china's currency practice. nine countries were included on a manipulator watchlist. in ethiopian airline pilot morning the carrier of dangers with the boeing 737 months before the crash. documents reveal the pilot told the airline more training and better equipment was needed. he was concerned about the indonesian crash last october. the leaders of germany and france disagree over who should get the top european union job. france's emmanuel macron once michelle barnier to head the european position -- commission. angela merkel once the european people's party leader, but he is not getting much report. t-mobile and sprint may sell the boost prepaid mobile brand in an attempt to win approval for their merger. according to reuters, a deal would value the business at up to $3 billion. the fcc chairman says he wo

viviana hurtado is here with first word news. ana: president trump is looking at the election calendar while he contemplates tensions with iran. the president is wary of drawing the u.s. into a war with the islamic republic. he reportedly believes it could hurt his chances of winning a second term. president trump campaigned on promises to withdraw the u.s. from wars in the middle east. president trump's immigration plan getting a cold reception even within the republican party. it called for new funding for border security measures and implements a new merit system for allocating green cards, but republican senator lindsey graham says the plan won't become law. he urged the president to work with democrats to overhaul asylum laws. in the u.k., labour party leader jeremy corbyn says compromise brexit talks are over. he says negotiations with prime minister theresa may's conservative party have gone as far as they can. may hoped to reach a deal that would ensure passage in parliament. her deal has been rejected in parliament three

for that, we turn to viviana hurtado. she's here with the first word news. a: chancellor angela merkel concluded that her successor plans have fallen apart. successor, she admits may not be up to the job. the worstshe oversaw ever result for her party and a national election. austria's chancellor is the first to be thrown out of office since world war ii. he has started a campaign to get back into power. to the u.k. now, nigel farage was the big winner in european parliament reelections. his brexit party wants to take the country out of the european union without negotiating a deal. the vote rattled the u.k.'s major parties. corbyn haser jeremy now promised a referendum on any brexit deal. conservatives say the election shows voters just want to leave the eu. 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 viviana hurtado. this is bloomberg. david: thanks so much. we've talked about the european parliamentary elections. they were complicated. it was not easy. somet

here is viviana hurtado with the bloomberg business flash in new york city. hird-quarter sales, the company will calm citing weaker demand for smartphones in china. this overshadow the benefits of settling a prolonged legal dispute with apple. the stock is falling in extended trading, but surged more than 50% since the resolution with the iphone maker was announced. volkswagen is gaining after a rise in first-quarter profits. the german carmaker says it will need the annual earning gold despite a global market slowdown. contracting car market sales in china have hit the company. -- last year,rs vw sold over 40% of its vehicles. >> china has recorded the second market. the markets are down substantially beginning in the middle of last year. it is what we saw in 2018. >> performing better than the first quarter, this is a strong and mixed earnings season for oil. but the dutch giantess more focused on natural gas than his peers and that division outperformed more than any of the units. 2020 target. francine: the u.k. prime minister has fired her defense secretar

viviana hurtado is here with first word news. a: an ethiopian airlines pilot warned the carrier of dangers with the boeing 737 max 8 months before the fatal crash. they revealed the pilot told the airline more training and better communication were needed. he was concerned after an lastesian 737 max 8 crash october. white house national security advisor john bolton says there is no reason for iran to break the 2015 nuclear treaty unless it is trying to build atomic weapons. bolton was in abu dhabi to meet with officials from the emirates. he also said iran is almost certainly behind attacks earlier this month on oil tankers in the gulf. there has been a rare outbreak of tornadoes in the u.s. over the last month. ofecasters logged reports over 500 twisters. they are flattening communities throughout the u.s., and the severe weather has hit areas stretching from the rocky mountains to the mid-atlantic. yesterday was the record 12th straight day with reports of at least eight tornadoes. global news 24 hours a day, on air and at ticto

i'm viviana hurtado. months of protest, french president emmanuel macron has promised an answer to popular discontent. a new wave of tax cuts, the question jermaine honest this is enough to win back voters. traditional mayday demonstrations are planned across the country. for a response to the violent action. are there any real risks that these protests turned violent. -- turn violent? the yellow vests are set together this morning. we only see a few thousand here, but even though the process is not supposed to start for another three hours. we expect a few tens of thousands of people in the french capital. the question is how violent this will turn. these people wearing black cuts , they have been damaging, for example. 1500rench police expected anarchists at least in paris that could turn this protest and to violence later today. they are gathering quite peacefully. have to see if this will turn violent at the moment. it seems quite peaceful. >> what can president macron actually do? try to placate the

david: now we turn to viviana hurtado, who is here with first word news. a: british prime minister theresa may is stepping down on june 7. she will leave her successor with the job she couldn't finish, finding a consensus in parliament on how to leave the european union. pm may: i will shortly leave the job that has been the honor of my life to hold. the second female prime minister, but certainly not the last. , butso with no ill will with enormous and enduring gratitude to have had the opportunity to serve the country i love. viviana: and emotional prime minister there. until a stay on successor is chosen. president donald trump may employ a rarely used maneuver to clear arms sales to saudi arabia despite congressional opposition. declarenistration could an emergency requires sales to go through immediately. congress wants the saudis held accountable for the murder of journalist jamal khashoggi and emen'seir role in y civil war. concern that huawei is helping the chinese government with espionage. on monday we will talk about the huawei blacklist in an ex

it straight to bloomberg first word news with viviana hurtado. theresa may is facing pressure to abandon her brexit deal and resign. senior officials see little chance of her divorce deal be in past in parliament. this is after her promise to .ive mps a second referendum the potential next prime wasster of the u.k. denounced as incompetent and a liar. usedormer cabinet minister candid language to describe or strong since qualifications and his track record as foreign minister. -- to describe boris johnson's qualifications in his track record as foreign minister. >> i think he would be a very, very bad choice indeed. viviana: german chancellor angela merkel was approached about taking on one of eu's top jobs. bloomberg learning that she rejected the overtures to take over the presidency of the european council. we are told some heads of state are holding out hope that she may change your mind. robert mueller is bulking -- , pushingt testifying for closed-door negotiations. the special counsel does not want to be pulled into a political fight. he i

tom: viviana hurtado, thank you so much.lican politics and advice and strategy. william hoagland is the bipartisan policy senior vice president, but that rarely describes his experience in washington. i would suggest you have never seen an evening like last evening. place in historical contest -- context how far the president is from his party. william: it is amazing how overnight, the tweets and recommendations he has put forth on mexico and tariffs, this is amazing. i have never seen anything like this in my life. what is so complicated and does not make sense to me -- i think jerilyn -- chairman grassley will look at this and say, weren't we trying to pass the trade agreement with mexico and canada? this undermines that effort the president was trying to achieve. to goill hoagland, i want to someone that jim glassman know so well, robert gordon. professor gordon wrote an exceptional book, really talking about a changed america over 100 years ago. president trump and all are dealing with that. if we effect these tariffs an

i'm viviana hurtado. this is bloomberg.e are getting breaking news.-- suspended from trading. that is the latest on the french supermarket that has branches across the world. the supermarket earlier was dropping to an eight-month low after suspending shares. they are waiting for a statement as we are from casino. we heard that short-sellers were attacking the holding company structure. we will have more on casino. let's go back to the trade story. beijing is denouncing u.s. actions after trump debates whether to blacklist more chinese tech companies. meanwhile, the biggest financial firms are growing increasingly pessimistic. goldman sachs is off of a trade stalemate with the u.s.-china trade war continuing. joining us is bloomberg's chief asia economics correspondent. what is the latest? war the risk of a trade that is going to escalate, this is baseline for many economists. >> exactly. we are seeing a market shift -- marked shift. a lot of it was political brinksmanship and ultimately a deal would be done, but now we are

let's get to the first word news with viviana hurtado. a: president trump warning china not to retaliate against the u.s. for raising tariffs. he said "that would only make matters worse." the president also tweeted, "china will be hurt very badly if beijing doesn't agree to a trade deal." according to mr. trump, "you had a great deal almost completed, and you backed out." swedish prosecutors will reopen a probe into rape allegations against julian assange, a move that may hamper u.s. attempt to extradite the wikileaks founder. authorities want to question him them over a nine-year-old rape allegation. its oilabia says two of tankers were attacked in the persian gulf, and a sabotage attack off of the united arab emirates. no one is clinging response ability. iran calls the incident regrettable and warns against vote for and seditious -- against "foreign seditious plots" to upset stability in the region. 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

viviana hurtado is here with first word news. viviana: the trade war between the u.s.beijing is putting purchases of american soybeans on hold. state run grain buyers haven't received any further orders to continue with the so-called goodwill buying, and don't expect that to happen because of a lack of progress in trade talks. china is the world's largest buyer of soybeans. e-minis angela merkel -- germany's chancellor angela merkel visits the u.s. to give a commencement address at harvard, a sign of germany's growing unease that she will not go to the white house. the turning point came last june, when president donald trump scuttled the agreement she built with other g7 leaders in canada. victory netanyahu's celebration was premature. the is really prime minister couldn't form a new government in the time since last month's election, so israelis will vote again on september 17. coalition members tripped up netanyahu because they could not reach a consensus on who should serve in the army. global news 24 hours a day, on air and at tictoc on twitter, powered by more th

let's find out what is going on outside the business world with viviana hurtado who is here with firsta: one day on capitol hill and not for attorney general william barr. he told the house judiciary committee he will not show up for today's scheduled hearing on robert mueller's russian investigation. that follows yesterday's contentious hearing before a senate panel. the justice department adjusting -- william barr was to face questions from democratic and republican lawyers. shinzo abe will meet with kim jong-un without preconditions. a japanesetelling newspaper he once a candid discussion. he hopes kim jong-un is willing to be flexible. mediator serve as a for kim jong-un in talks with president trump. hedge fund billionaire ray dalio says something like modern monetary theory is coming whether we like it or not. debate over mmt has exploded recently. it says governments should manage their economies through spending and taxes rather than central banks. ray dalio saying policymakers will have to embrace mmt when monetary policy does not work. global news 24 hours a day, on air and @

let's get straight to first word news with viviana hurtado. a: the trade conflict will continue according to ray dalio. he rest the u.s. blacklist of huawei amounts to weaponizing export control. china may not sell rare metals to american companies. plenty for investors to feeling just about at the moment according to ceos. markets are fragile because of a worry about the trade dispute. isworries an inversion concerning. >> it is concerning. look at what germany did. it shows how anxious the markets are. there is more news to be anxious about then there is to be positive about. israeli prime minister benjamin netanyahu fail to form a government and opted to call new elections. it throws the trump administration's peace plan into question. he could not couple together a coalition government. it is the first time in israel history thisael's is happened. dilute thesal would french state control over read all -- renault. in tokyo, theg alliance released a statement saying that they had open and transparent discussion about the merger. and star wars

now let's get to viviana hurtado. viviana: deutsche bank feeling the heat of shareholder ire. of the backlash, investors are still active with 72% of the share capital. it is down more than 84% last year. deutsche bank has had a rough few years with shares hitting an .ll-time low before facebook says it removed more than 2 billion fake accounts. shows the number company is battling an avalanche of bad actors. majority are removed within minutes of being cabrini -- being created. they are not counted in the daily user metric. are toopeople ask if we big, a lot of them come from concerns about whether we are doing our part to be responsible about safety, privacy, and that is why we are showing people that we are being responsible. ecb projections see an upturn later in the year. a centralcording to banker. investors are generous about the next round of bank loans. >> i am quite confident that people are on the right track. that what is happening is in line with the curves. 60 star link satellites launched by spacex. the shock nine rocket that fromes them blasted off cape canaver

i am viviana hurtado. this is bloomberg.r the steel industry? we talk with the former newport chairman and ceo and former trump trade advisory. that is next in follow the lead. this is bloomberg. ♪ viviana: this is "bloomberg daybreak." you are taking a live look at the hewlett-packard enterprise greenroom. hour, up in the next democratic senator chris van hollen of maryland. this is "bloomberg daybreak." spacex has made a business of launching satellites for others. tonight he will launch his own. the company will take the first step create a space installation that beings broadband around the world. it is a bet elon musk is making along with jeff bezos. after trumpes accuses it of a preference for hiring fees a -- hiring -- oracle isa still fighting another part of the u.s. labor department case. representing under female and minority employees. -- the meeting takes place on may 23. that is the same day the faa will host 50 foreign counterparts in texas. they will talk about plans to review a software update and new pilot

viviana hurtado is here with first word news. a: president donald trump is threatening to use tariffs as a weapon in the fight over migration. he's vowed to impose a 5% tariff on imported mexican goods until they stop the surge of immigrants entering the u.s. illegally. as 25%,ld rise as high jeopardizing the new american trade agreement. china appears to be on the verge of striking back at the u.s. for blacklisting huawei. the state radio saying beijing will establish a list of so-called unreliable entities. china says those are foreign companies, individuals, and organizations that damage the interests of domestic businesses. chinese national radio says soon tomorrow be announced. on sunday, president trump leaves for the u.k. in a trip that will mix politics with pageantry. his visit largely consists of royal engagements monday, including a state banquet at buckingham palace. later he will meet with lame-duck prime minister theresa may. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journ

viviana hurtado is here with first word news. the u.s.he verge of escalating the trade war with china. the trump administration is preparing to impose new tariffs on about $300 billion of chinese goods. among them, mobile phones, laptops, and children's clothing. president donald trump says he will meet with china's xi jinping at next month's g20 summit, a meeting that could be pivotal in resolving the dispute. turkey considering a move aimed at easing tensions with the u.s.. delaydogan government may the purchase of a russian missile defense system until 2020. the u.s. is unhappy because it says the system was designed to shoot down american and allied aircraft. a delay could give the countries time to work out the dispute. montana governor steve bullock has become the latest democrat to enter the presidential race. electedhas twice been to lead a state donald trump carried by more than 20 points. there are 20 to democrats running for the white house. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700

here is viviana hurtado.ting the trillion mark. ceo tells bloomberg he would be disgusted if anyone celebrated the market cap, but many are celebrating the turnaround. microsoft dramatically cut its dependence on windows and built a $30 billion cloud computing service that is ahead of alibaba and google. microsoft used to be a one-off purchase and now ed is a cloud-based service with 155 million subscribers. walgreens, and, albertsons, this is due to way culture change, going from a fixed to a growth mindset. sebastian: you can read the entire story in a new issue of "bloomberg businessweek." francine: warren buffett is no longer just a fan of amazon, he is a shareholder. shares are rising after the billionaire investor built a stake in the company and admits he was an idiot for not buying into amazon sooner. he is the fact that always talking in this plane speak english, i should've bought this before. what does that mean? you can understand why the share price has gone up hugely. you can understand why he m

viviana hurtado will guide us through the messaging in washington. ing in a dual prong approach, exerting massive pressure and trying to bring iranian exports to zero, as well as this deterrence as a show of military force. what is important is to think about the off ramps in the white house and capitol hill. this has to do specifically with what those off ramps would look like when a situation gets so tense. tom: what is the offramp for the pentagon? these are the people from the arabian sea. what is the offramp for the naval crew on the abraham lincoln? viviana: as you said, those assets have been mobilized, but interestingly, and offramp may not be so much this military show of force but in the president's tweets, that he thinks iran will want to talk. that is sending chills in washington. withdent trump has spoken north korea's leader twice, leading to the walkout at the vietnam summit which has emboldened kim jong-un. interestingly, as the ignatius op ed, and quoting general "how thistell me ends." there is no clear path as to how this would end

but first word news, here is viviana hurtado. is on thehe u.s.with china. is trump administration preparing to impose new tariffs on $300 billion of chinese goods. including laptops and children's clothing. president trump says he will at next month's g20 summit. it could be pivotal in river resolving the dispute -- in resolving the dispute. the rate after the january fed fund implies the benchmark will fall more than 25 basis points. it shows traders are fully pricing in a quarter-point reduction. moments ago, we spoke with john williams, new york fed president. do at the we need to fed, whatever happens, whether it is the effective trade issues or others, keep the focus on achieving goals. again, i think we are close to those goals. and adjusting the policy stance for whatever happens. bayer has lost three trials over the roundup weed killer. to pay $2ering bayer billion to a couple. they claimed they got cancer as a result of using roundup for about 30 years. bayer appeals, saying it is excessive and unjustifiable. global news 24 hours a day o