waterstone's a little under 300.his is a much bigger operation they are taking on. >> will e-commerce ever be an to focus oney want or have they decided -- we do the tangible setting. >> we talked to the ceo and that's what he said. to focus on or have theywe will ship you a e about physical space. that's an area that amazon has been trying to get more into. they have opened bookstores and gotten into whole foods in grocery. they do see value in the physical space as well. >> are they still in the textbook is as well? >> i believe that has been separated. >> this is the retail operation. >> exactly. >> a quick check on the markets, we are in rally mode this friday. the nasdaq up. continuest tin use -- to rise. thatcan't believe it ipo to five dollars per share. this is bloomberg. ♪ this is the countdown to the close. >> joining us as always is joe weisenthal. it is jobs day. number came out and it was disappointing this morning, you saw the sharp move down and rates. you saw the modest drop in the futures and i was l

but it seems to be doing a good job with the waterstone, and even though barnes & noble will be runningy, i am sure there will be some similarity. guy: [laughs] yes. i've read the story this morning, and it put a little smile on my face. they will be running these two businesses separately, i suspect that will change as time goes on. bookstores by two accident and then run them as two separate businesses with the same ceo. that the it is not consumer will see it, but behind the scenes, an awful lot will be done, maybe take costs, and extract costs, and that can only be done if the businesses are run jointly, bonnie. -- voinnie. vonnie: we have seen so many strategies over the last few years. narrowed, sone has best of luck to barnes & noble. still ahead, we will hear from alexander noted lack -- alexander novak, the russian energy minister. this is bloomberg. ♪ this is bloomberg. ♪ guy: welcome back. you are watching the "european or we will be shortly. vonnie, theresa may stepping down today. a massive day for boris johnson. the market thinks we will get a 2% drop in the sterling race

well, the frontrunner at the moment is elliott advisory which owns waterstones.s one of those things that they will have to, they will likely have to try to sell off the whole physical chain, about 200 stores in one go if they don't want to be left with a load of stores that are the worst performing stores. 0k, thomas, we will leave it there. thank you very much. let's check in quickly with some other news. the supermarket morrison is ramping up a home delivery partnership with amazon. it's planning to expand its online groceries platform to new cities throughout the uk. last month, it loosened an exclusive arrangement it had in place with ocado. most people who used the government's help to buy scheme could have bought a home without it. this is according to an official report out today. the national audit office also found that one in 25 of participants had household incomes of over £100,000. the accounting giant pwc has been fined £6.5 million over what the financial reporting council has described as a serious lack of competence. the fines relate to the compa

it is run by paul singer and last year, it bought waterstone.se is pressing ahead with president trump's demand to change a paint game. the administration wants to paint the plane red, white and blue. it has been in used since the early 1960's. the new jet will not be ready until 2024. what's interesting there is if he does win, even if it's 2024, that's if it's on schedule, most are not really on schedule. lisa: so he might never get to see his grand plan, red white and blue. the fact that he could take this long, but also the weight that he carries. some of these department in defense choice making. scarlet: he's been very hands on with airforce one programming. talking directly with the c.o. this is something that really gets his passion going. scarlet: well, must be he knows a private jet or two. maybe a good cost. >>: and he knows the optics of a private jet as well. we hear from the people's bank of china governor and in an exclusive interview, next. this is bloomberg. ♪ scarlet: the united states is ending turkey's participation by next m