government and willem buiter stays with us.y jamie dimon global chinan's summit in beijing. this is bloomberg. ♪ kailey: this is bloomberg "surveillance." elon musk followthrough and his promise to take part in tesla's capital increase, buying $25 million in shares. he is the biggest holder with about 19%. creaseock sales in the -- increase liquidity. steep declines in the past two concerns thetoked german manufacturing -- will linger. losinga six quarter streak, aig's profit more than doubled in the first quarter, helping their overall earnings beat estimates which had not happened in a year and a half. tom: it has become an interesting soap opera, anadarko to be taken out by occidental. they will take over african on dollars.a gagilli what are you looking for today? at the ceo of chevron, but what are the next set of headlines? kelly: the thing we want to see now is how chevron will react to all ofth. anadarko has excepted occidental's bid and that gives chevron four days until the end of the week to make a decision on whethe

the french government will hold a 15% stake in renault now willem is in tourin. has been covering the european elections and now we have this news for italy's all important fiat chrysler. willem, what more can you tell us about the italian government's likely position when it comes to a deal between renault and if i at chrysler >> julia, it is the center of a big in the city. in terms of the reaction so nar not a lot of items are off the table. this morning the economic brain trust of the lega party and he's in the lower half of parliament, he's speaking to the italian tv station and he says the italian government wants to see a symmetry if they have a stake in ren nault, they want to see they have discussion over the future. the force of leg gas he was talking about that and what that meant for fiat. >> although the additional disness mig-- businesses might e been saved that will no doubt be front and center as they go into these merger talks we'll no doubt get more comments from some of these people over the coming days. it seems to have served lega well gettin

i'm julianna tattlebalm. >> i'm willem marks.right about now. ♪ most of us don't know how much data we use... ...but we all know we're paying too much for it. enter xfinity mobile. america's best lte with the most wifi hotspots. combined for the first time. when you're near an xfinity hotspot, you're connected to wifi, saving on data. when you're not, you pay for data one gig at a time. use a little, pay a little. use a lot, just switch to unlimited. get $250 back when you buy a new samsung galaxy. call, visit or click today. >>> the major threat from president trump topping your five at 5 this morning the president warning of, quote, the official end of iran if they want a war what will iran do in response? the market mostly shrugging it off. the saber-rattling so what does matter to stocks right now? we'll dig in oil prices are on the move you have that and opec ministers, their allies wrapping up a big meeting in saudi arabia we will take you there live. >>> google hanging up on huawei. we'll tell you what google is doing that

willem is there in romania and has been monitoring the developments willem, my understanding is they'llspelling out an agenda for the next five years, but, of course, with only a couple of weeks away from the european election, so how does that square off? >> it's an important issue that they will be discussing facing the entire european union is what happens in these elections and whether the dwo parties that have long been dominant inside the european parliament, including the european people party, whether they can maintain their dominance in face-off what has been a clear move amongst some countries towards pop lichl in terms of the electorate we're going to see over the course of today, i expect, conversations around what they hope to do over the next five years with the new commission as well as what they might try and do in the more near-term before the current commission under jean claude juncker one will be trying to strike a trade deal with the united states or at least reach some kind of skeletal agreement with the united states before the end of october when this current com

now, willem is in rome this morning. you have had a look at the q1 gdp numbers.annual report. what does all this mean for the trajectory of the italian economy? >> well, there's a lot in here let me try and break it down for you briefly, juliana what's really interesting to me immediately is pointing out some of the numbers that are perhaps slightly surprising when it comes to things like household debt, corporate debt, it's much lower than the euro zone average, and yet because of as we've seen those quite difficult gdp numbers in the last half an hour or so, it's things like the high unemployment rate here that makes it so difficult for that gdp growth to tick back up the report looks at the italian economic climate, and says it's quote little predisposed to business, to growth, to investment, to employment. they've had 20 years with growth lagging behind the european average. it also cites unsatisfactory quality of public services, inadequate infrastructure, low levels of competition and the distortions associated with widespread tax evasion and corruption not

s&p came back from the all-time high, 56 points lower and dow 16 points down. >> i'm willem marks.hank you for working on the u.k. holiday "worldwide exchange" coming up right now. target date fund? 529 plan? a 10-k? what's an etf? an ipo? 401(k)? where do i start? empower yourself with the free tools and resources on investor.gov. before you invest, investor.gov. >>> breaking news at the 5:00 a.m. hour, stock futures plunge as president trump wraps up the trade war with china the president threatened to raise current tariffs and slapping on a new round of tariffs. china responding saying that it may pull out of this week's trade talks. stocks in china falling overnight. we have full team coverage of this major developing story as "worldwide exchange" begins right now. >>> good morning good afternoon and good evening.

i'm willem marx. >> i'm julianna tatelbaum.r headlines >> european stocks open higher as the bond rally pauses record low yields remain in sight as investors grow concerned about a slowdown in the global economy >>> british car production hits the brakes in april and drop the most since the financial crisis as ongoing brexit uncertainty drives widespread factory shutdowns. >>> read all about it. axel springer shares rocket after the group says it is in talks with private equity firm kkr about a strategic investment. >>> and u.s. national security adviser john bolton directly accuses iran of ship attacks in the uae as gulf leaders meet for an emergency summit amid rising tensions in the region. >>> european markets are on the mend rebounding from yesterday when the stoxx 600 fell nearly 1.5% u.s./china trade tensions weighing on u.s. sentiment here as beijing ratchets up the rhetoric against the u.s but the shaky session overnight in asia is not concerning european investors they are shrugging off those losses we are seeing gree

. >> i'm willem marks. these are your headlines this monday morning. >> dragging european stocks lower which drag the asian markets into the red sharply lower as u.s./china trade talks end without a deal. >>> u.s. secretary of state mike pompeo heads to brussels with talks amid with them. >> we're not going to miscalculate our aim is not warped. our aim is a change through the behavior of the iranian leadership and hope they will get what they finally want and what they so richly deserved it. >> he's eyeing a tallups. >>> and a peace full end in sight. shares in exotic ka after the french and italian partners agree to end their leadership dispute. >>> good morning, everyone u.s. equities managed to eke out somewhat of a gain they would be continuing even though there was no resolution in sight the asian markets traded deeply in the red shanghai down more than 1% nikkei as well there on fear that is this u.s. dangerous. the risk, of course, is that of china retaliating. so far china has not decided to go dow

willem. >> there are now ten people who have put their name forward to try and replace theresa may asresigned over brexit issues the remaining six remain in cabinet as she limps toward departure in the third week of june what these kaenls are being forced to do based on the results of the european par la plenty elections with them coming in fifth place with less than 10% of the national vote is essentially hardening their stances on brexit. you have four of these ministers saying -- and this is where investors are watching very closely -- they're prepared to take them out of the deal because that's what voters want, and even those who decided to remain back in the referendum of 2016 now say they have to deliver brexit because it's mission-critical for their party's survival and that's because this brexit party that really only started six or seven weeks ago formally did so well in the european parliamentary election they're concerned their voters, their base will be lost forever if they don't deliver on this campaign promise to take britain out of europe. >> willem marx thank you very

economy. 0k, thank you so much for joining the economy. 0k, thank you so much forjoining us, clete willemsoking at pictures of uber drivers staging protests outside the ride hailing headquarters in san francisco. they are demanding higher wages on the eve of the stock market debut of the company. uber is not only facing issues at home, it operates in the us, europe, africa, parts of the asia—pacific as well. but because it is a —— seen as a taxi industry disruptor the company has been hit with bands or the threat of being banned in places like oregon, hong kong, london, and the northern territory in australia. last year uber pulled out of china, russia, southeast asia, due to stiff competition. the bbc‘s dave lee has the latest from outside its headquarters. there were around 100 oi’ headquarters. there were around 100 or so protesters here earlier in very good spirits, demanding, quite simply, that uber pays what they deem to see as a living wage. they say this of the company is expected to be worth around $90 billion when it begins trading later this week. they say it is crazy that that

cnbc's willem marx joins us from lond london. how might this affect android users?nd developed by google but it won't be off limits to android users who use huawei smartphone any time soon but things like g-mail may no longer be available. around their handset sales are outside china, second only to samsung in the global smartoften mark -- smartphone market. it's samsung that could profit. >> on friday, nike posted a statement saying it's changed its policies to support women who are pregnant but could, it acknowledged, go even further. the company says it will now add written terms to create fairness. >> go further. being someone who's had two children, go further. >> as trade tensions rose, what's on the horizon for this week? >> if you look at what happened today, the trade markets have fallen, weaker trading among the semiconductor sector here and in asia. that's all thanks to this huawei decision and google. you've got european autos no longer facing the threat of tear yi -- tariffs, that's been postponed six months by the trump administration. in terms of the

good morning, willem. the white house has until midnight to decide on the tariffs on european cars and car parts. >> that's following six months after having the commerce department investigate whether there was a national security threat. this is in preparing for format trade talks for the u.s. they've decided what their negotiation points are going to be. this would not help smooth things over. cnbc reporting that is going to be delayed, that imposition of tariffs. this morning quite a few things. one, it would be unwise to do. that's what the french finance minister said, separately it would be bad for global growth. another story involves amazon. the company spending almost $600 million along with some other investors in a food delivery service that's based here in the u.k. you see their riders all over the streets here in london. it is a rapidly growing business. they're looking to expand and spend more money. they can then compete with the likes of uber eats. we've seen their share prices fall in res

now, looking at the historical context which willem, i know you know full well, very often the most popular candidate in the shires in the tory heartland doesn't necessarily become the leader of the tory party and, hence, potentially the prime minister as well looking back historically, the likes of michael hessletien, michael, david davidson and others that may be a nod to the aspirations of the man who is leading many book makers odds of becoming the potential next prime minister as well we'll leave that our viewers i think it's not too hard to work out it will be a convoluntarily outed process. anyone that thinks that mrs. may would resign and then be out of the job by the end of the week they are just plain wrong as well in fact, many people believe it will be at least june 7th or 10 th after the normandy kmem rags, after mr. trump's visit to united kingdom brm mrs. may would say that's it, i'm out on it will be a long convoluntarily outed process we understand things will move ahead tomorrow bough. >> thanks for that, steve. as we say, the sterling has been under a lot of pressure in t

i'm at willem marks and jumana is @cnbc. >>> a chinese tech stock struggles amid renewed trade tensions we'll get the latest that is coming up next sfleenchts u.s. trade policy is around a quarter of international chief financial officers surveyed by cnbc highlighted the tensions created by president trump's tariffs threat as a top risk for the year ahead consumer demand also featured prominently. european korpts are most worried about trade. more than half of the respondents labelled trade tensions as negative u.s. cfo's are less kerntd about the issue, but only 15% see the policy as positive, and asia pacific-based companies seem to take a more measured view. up to 30% consider the developments to be positive for their businesses despite those trade and consumer concerns, the cfo council are positive about the u.s. economy. they believe it will improve quarter-on-quarter the euro zone remains stable in their eyes, but the u.k. is expected to decline for another quarter. brexit is, in part, to blame, they say cfos are divided on what could happen next. the majority anticipate another e

i'm willem marx in london. stop fearing your alarm clock... with zzzquil pure zzzs.g-free blend of botanicals with melatonin that supports your natural sleep cycle so you can seize the morning. zzzquil pure zzzs. the latest inisn't just a store.ty it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. >>> it is 5:00 a.m. at cnbc. here is your top five at 5:00. breaking news, u.s. clamp down on uranium oil is over today can we really expect exports to go to zero >>> venezuela at a tipping point, more street protests expected today political tensions there are finally boiling over the fed, holding rates steady but one word jay powell used that is raising eyebrows. >>> where's the beef apparently it's on wall street call it the investing edge

that would be sir graham brady we don't actually know whether as willem was explaining earlier on that there will be a need for change in the rules so that back bench mps can challenge the prime minister the last leadership election being back in december, and that means that the prime minister cannot be challenged again until december of this year. we understand that might not be necessary, and that the prime minister will make a statement that is expected to be this morning whether we see the famous podium of number 10 coming out and the prime minister making a statement or indeed wherever she makes it within the headquarters of prime minister remains sob seen. we've heard up to ten key figures that may put themselves forward as potential leader. well, then it could be i along and convoluntarily outed process. in previous battled to be the leertd of the conservative party, there's been biweekly ballots on a tuesday and a thursday, but, of course, sir graham brady, who will be in charge of the first stage of the process, may want to speed things up a bit if indeed the timetable of fin

willem, thank you, sir. >> coming up, a look at axios' "1 big thing."l have more on pressing don mcgahn that he never obstructed justice. [farmers bell] (driver) relax, it's just a bug. that's not a bug, that's not a bug! (burke) hit and drone. seen it, covered it. we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ you see clear skin. cosentyx can help people with moderate to severe plaque psoriasis find clear skin that can last. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor about an infection or symptoms, if your inflammatory bowel disease symptoms develop or worsen, or if you've had a vaccine or plan to. serious allergic reactions may occur. how sexy are these elbows? ask your dermatologist about cosentyx. shaving has been difficult for me. i have very sensitive skin, and i get ingrowing hairs. so it's a daunting task. oh i love it. it's a great razor. it has tha

run us, willem, what he said. >> he said given it was lower than the target, isn't it time that the federalesterday he ruled it out. he said they were low because of transitory fax shuctions, becau lower closing prices and airf e airfar airfares. and another quote on instagram, it's going to hide the number of likes on a post as well as the number of views on a video. critics have said that is something that people look at far too much, they don't concentrate on the content itself and that can have a toks im -- toxic impact on social media. is isn't that what instagram's all about? if you don't have likes, what do you really have in life? how do you know whether people -- i'm not an instagram user but i gather that's a big thing. >> how do you know if people even like you if you don't have likes on instagram? >> i don't know. it's one of the big issues in my life. >> and coming up, much more on william barr's appearance, with calls to resign. and coming up on "morning joe," kamala harris and adam schiff join the conversation. "morning joe" is moments away. ". you should be mad at forced cam

. >> willem marx, thank you. >>> axios has a look at the one big thing. >>> on "morning joe," there ismocrats calling for impeachment after don mcgahn failed to show up for a congressional hearing yesterday. >>> the vice chair of the committee, mary gay scan llon, will be a guest. >>> plus, the ira memo says trump's financial documents must be turned over. "morning joe" is moments away. . to give every idea the perfect soundtrack. ♪ to fill your world with fun. ♪ to share my culture with my community. ♪ to make each journey more elegant. ♪ i'm working for all the adventure two wheels can bring. ♪ at adp we're designing a better way to work, so you can achieve what you're working for. ...depend® silhouette™ briefs feature maximum absorbency, with trusted protection for all out confidence... beautiful colors and an improved fit for a sleek design and personal style. life's better when you're in it. be there with depend®. onmillionth order.r. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don'

. >> and i'm willem marx hey! i'm bill slowsky jr., i live on my own now!, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. >>> the rate shop topping your five at five on this wednesday morning. the bond market making more big moves in what could be a big warning sign for your money. >>> ramping up the rhetoric china out with a warning for america today. the two sides no closer to a trade deal huawei speaking of taking new legal action against the u.s., and for the first time in a long time, you will hear directly from one of huawei's top executives relentless flooding in the midwest pus

. >> yeah, willem key developments thank you for bringing us the latest let's get over to sue herera for a news update. >> good morning, everyone. here's what's happening at this hour a man carrying a knife in each hand attacked a group of school girls waiting at a bus stop outside tokyo killing two and injuring 16 more before then killing himself. president trump offering his condolences while touring a japanese naval ship as he was wrapping up his state visit to japan. >> on behalf of the first lady and myself, i want to take a moment to send our prayers and sympathy to the victims of the stabbing attack this morning in tokyo. all americans stand with the people of japan and grieve for the victims and for their families. >> iran once again rejecting 12 demands set by the u.s. last year that were included in a new nuclear treaty saying they were unrealistic. an iranian foreign ministry spokesman says the landmark nuclear deal is still alive. there's no need for fresh talks. >>> here at home, the number of new diabetes cases among u.s. adults keeps falling, even as obesity rates rise

and there was willem dafo. and there was john leguizamo. and keanu -- good. five years later. but i mean, it's down to script again. it's -- people love the fact that john wick is this -- you know, embodied keanu as this -- i love it. melancholic, you know, really attractive hitman he was. >> seth: yeah. [ light laughter ] >> who has a dead wife. he loves dogs. and he drives a great car. how can you -- [ laughter ] >> seth: and i feel like -- >> and it's in new york at night. >> seth: it is in new york and -- >> fantastic. >> seth: and have you -- do you enjoy getting to come to new york to the movie? >> oh, absolutely. i loved it. yeah. >> seth: yeah. >> where's the plane? >> seth: yeah. >> oh, it's a lovely city. always enjoyed. >> seth: some people -- keanu -- obviously, he speaks about it. halle berry talks about it. a lot of training for the "john wick" film. a lot of action. >> yeah, i feel like training for the drinking on this. >> seth: yeah. [ laughter ] >> "good evening, john. how are you? very good. very good." >> seth: that was -- the clip we show

. >> harris: cleat willems at the trump administration. one of the negotiators with china.ve and information from you today. thank you for your time. >> it's my pleasure. >> harris: democratic congresswoman rasheda tlaib defending her controversial comments about the holocaust. she has been facing criticism after saying that she has a, quote, calming feeling when she thinks about her family, her ancestors, i should say and the holocaust and palestinians providing a safe haven for jews. she says republicans are twisting her words and fired back at her critics last night. watch it for yourself. >> you know, i got a text message from a friend who is like hey, next time really clarify. maybe talk like a fourth grader because maybe the racist idiots would understand you better. >> harris: chief congressional correspondent mike emanuel is live on chill. how is that going over today? >> not well, harris. following this latest holocaust controversy, congresswoman rasheda tlaib turned a late night television to offer an explanation. >> there is something like in many ways beautiful

. >> willem marks, thank you very much, from london this morning >>> meanwhile, u.s.ening higher for first time in three days, closing out what has been a volatile week dominated by concerns over the trade war with china joining us now is samir samana and ben steel, counsel on foreign relations director of international economics. ben, how do you view the current trade fight between the u.s. and china as far as what comes next? >> well, we entered a new phase in terms of this administration's trade policy. on the one hand, a big victory for the hard-liners, the navarro ring, substantial tariffs on chinese imports are here to stay that's what he wanted to achieve. on the other hand, a big win for the more dovish kudlow wing of the party as trump walks back import tariffs on metals from our nafta partners, and delays auto tariffs on the europeans. this is a direction in which kudlow has been trying to push the administration for some time >> did you see the latest from the commerce department looking at a new rule to impose anti-subsidy duties or tariffs from countries