"bloomberg daybreak: europe." 8:20 and zurich -- in zurich.r what is going on in the banking sector. two ofwould combine europe's largest financial institutions, according to the financial times. the ceo has been developing the idea for several months. there have been rejections of this story from certain quarters. our reporter is in rome. what has unicredit been saying about any tie up or m&a plans? seemser: this contradictory to what they have been saying all along. very much, they said we were focused on our own plan, organic growth, no m&a. they have been on a very long project to reform the bank, to cut down on its bad debt, to improve its cncome ratio. this seems really contradictory to what they have been saying throughout. socgen.et's talk about how have they responded to this report? these stories are bubbling and brewing. barclays, standard charter, here we are today with socgen and unicredit. reporter: they have denied it directly, saying no such talks are going on or taking place. it is portrayed as something that have been talking

here in zurich he's working with world class tenor curator but. you know he was only a child when he discovered the power of opera. should be numerous and i can't remember exactly where it was but the opera was simone book a negra paolo the villain dies on stage i remember the opera singer was very tall and had a bald head. afterwards i was backstage with my dad and suddenly there he was again . i started to cry i couldn't believe it he was back from the dead that was my first shock in the world a theater vent to. him his feet just for me it's much more important to dive in deep and to conduct in lots of places and be mainstream and it makes me sad when i don't have time to work with an orchestra strings or when the singers come and go because they've got engagements elsewhere because it makes me sad you go. by as you can tell some people can spread themselves thin like that but i don't know how much and. how far are we prepared to go. in view this could be our last evening on stage and of degree. when lorenzo was fourteen his father marcelo vo co

up in zurich and russia were awarded the right to stage the world cup.ges with the west. that has changed with sanctions and allegations of meddling with elections, the skripal poisoning. it was only a few weeks ago that the foreign secretary himself said this event was comparable to adolf hitler's 1936 olympics, much to event was comparable to adolf hitler's1936 0lympics, much to the anger of russians, who are proud of this event and hope it goes well. but it has cost a lot of money, about £8 billion. there will be some disquiet about that, and many will feel it is something of a vanity project for the president. he is in red square right now behind us, enjoying a special concert on the eve of the world cup. you will see his presence tomorrow at the opening ceremony as well before russia take on saudi arabia. he will be hoping the hosts do well, which might be the hosts do well, which might be the biggest challenge, because they are ranked worst in the tournament. many thanks. dan will be joining are ranked worst in the tournament. many thanks. dan will

power house of exporting crude could speak of your cornea my joining us there from zurich thank you has them have finally greece is preparing to exit its third international bailout this summer the country signed up for the largest sovereign loan in history to prevent bankruptcy greece's latest bailout ends in august but the austerity measures will continue for at least two more years and workers in greece are unhappy they've seen their incomes for by fifteen percent during this eight year economic crisis is johnson hapless reports now from athens. several times a week a leg some of those really might be these things for his son he earns about twenty dollars an hour four times as much as in his regular part time job as a shoe salesman with two sources of income he helps support the household he grew up in but he cannot invest in his own future five years ago he unrolled in a robotics degree course at kalki the polytechnic two hours' drive from athens but he can't afford to rent an apartment there so his studies are progressing slowly. or at the present rate it'll take me another ten yea

powerhouse of exporting crude could speak of your cornea my joining us there from zurich thank you has them have finally greece is preparing to exit its third international bailout this summer the country signed up for the largest sovereign loan in history to prevent bankruptcy greece's latest bailout ends in august but the austerity measures will continue for at least two more years and workers in greece are unhappy they've seen their incomes for by fifteen percent during this eight year economic crisis is johnson hapless reports now from athens. then. several times a week a leg some of those money might be these things for his son he earns about twenty dollars an hour four times as much as in his regular part time job as a shoe salesman with two sources of income he helps support the household he grew up in but he cannot invest in his own future five years ago he unrolled in a robotics degree course at kalki the polytechnic two hours' drive from athens but he can't afford to rent an apartment there so his studies are progressing slowly. or at the present rate it'll take me another te

powerhouse of exporting crude good to speak with you cornelia my joining us there from zurich thank you has them have finally greece is preparing to exit its third international bailout this summer the country signed up for the largest sovereign loan in history to prevent bankruptcy greece's latest bailout ends in august but the austerity measures will continue for at least two more years and workers in greece are unhappy they've seen their incomes for by fifteen percent during this eight year economic crisis as johnson hapless reports now from athens. several times a week alexa it was really my t.v. sings for his supper he earns about twenty dollars an hour four times as much as in his regular part time job as a shoe salesman with two sources of income he helps support the household he grew up in but he cannot invest in his own future five years ago he unrolled in a robotics degree course at kalki the polytechnic two hours' drive from athens but he can't afford to rent an apartment there so his studies are progressing slowly. or at the present rate it'll take me another ten years to gr

the most expensive for expats list has hong kong topping the list, followed by tokyo, you have got zurichnd guess what? beijing and shanghai are also in the top ten. the cost of living survey includes over 200 items, including... so, why does asia keep topping these lists? that is a question i put to a representative from mercer. the survey looks at 200 items in various locations, then converting them to a common currency, in this particular case the us dollar, and then comparing the us dollar, and then comparing the cost. we also look at expats because that represents a significant expense for employers who need to deploy expats overseas. tell us, do multinationalfirms really look at least like these and do they influence their business decisions on where they are going to send their workers? to some extent, it helps. this information helps the employers prepare for budgeting and cost management purposes. however, the decision as to whether or not to invest in a certain country is more complex than that, it usually involves a lot of other factors. companies typically will look at the ent

. >> el museo estará abierto hasta el 20 de julio, fecha en la que regresa a su sede original en zurich23 onzas con fecha con fecha del 14 de junio de 2018 a 14 de junio de 2019. si tiene uno de estos prtollena cozón contento, los expertos esto está comprobado. según una investigación un estómago vacío puede generar muchas emociones. eso no solo sucede cuando se nos baja el azúcar en la sangre, también tener hambre de causa que el cuerpo libere hormonas como la adrenalina. puede causar hasta enojo. >> un inmigrante ahí una nueva forma de comunicarse con sus padres en méxico. le contaremos cuál fue. >> este es el futuro de un director de escuela superior luego de que cortara el discurso de una joven graduada. >> una fue deportada a méxico espera que tras la acción de una iglesia puedan regresar a estados unidos para nuevamente abrazar a sus hijos. >> es una nueva forma de comunicación para oscar y sus dos hermanos con sus padres en méxico. es la única después de que ambos fueran deportados al final de el aÑo pasado. >> nos apoyamos entre nosotros para ayudarnos. >> hoy con el apoyo de la

just one month after that rutherford claimed top spot at the european championships in zurich, beforenships in beijing, joining linford christie, sally gunnell, jonathan edwards and daley thompson in holding all four major titles. he plans to appear at the london anniversary games in latejuly and the birmingham diamond league in august. that's all from sportsday. coming up in a moment, the papers. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are the broadcaster and labour peer, dame joan bakewell and the former conservative pensions minister, baroness ros altmann. welcome to you both. thank you for being with us. many of tomorrow's front pages are already in. and the historic meeting between north korean leader kim jong—un and president trump leads the telegraph, with a picture of the two meeting in singapore. while it's all smiles from the two men on the front of the ft as they sweep aside decades of hostility. still a lot about exactly what that agreement amounts to. —— a lot of questions about. and the meeting gets a big thumbs up

we're doing a big conference in zurich tomorrow. c.o.o.'s, g how many c.m.o.'ory. these are hard factors when you look at the quality of housing stock as much as what are the kindergartens like as well? tom: let's come back to tyler. charles litchfield, thank you so much. thank you for being with us. we're going to come back with tyler and talk about the entertainment. we want to talk to you right now about the smartest guy at bloomberg. who'll that be spanning the borders of germany, eastern and western germany, spending weekends in munich, living in berlin. who is the smartest person at bloomberg? here he is according to tyler. matt miller of germany has it all. this is bloomberg. ♪ taylor: this is bloomberg "surveillance". 'm taylor riggs. speaking to blood pressure, the impact isfor the gulf concerned about the trade war. >> we are trying to adapt the way that we were doing the business according to that. organization is the key to be competitive in the trade war. taylor: that's your bloomberg business flash. francine, tom? tom: thank you so much. with us i

. >>> se hizo justicia paolo, se hizo justicia >>> lo abordaron en zurich donde muy serio solo firmÓi >>> zidane le pone punto final a la etapa del real madrid. el entrenador francÉs dijo no seguirÁ el prÓximo aÑo en el club merengue luego de 2 aÑos y medio con 3 champions, es el momento y lo mejor para todos asegurÓ en una decision que deja helados a los aficionados al real madrid. recuerden es solo faltan 14 dÍas para la copa mundial de la fifa 2018 que usted verÁ solo por telemundo. 14 dÍas. una argentina y un chileno estÁn poniendo bien en alto el nombre de los latinos en la competencia world of dance, de nuestra cadena hermana nbc. el jurado no pudo con la puntuaciÓn mÁs alta en la historia. >>> este chileno y esta argentina dejaron todos con este impacto. fue todo que jennifer lÓpez jueza del concurso no podrÍa creer lo que estaba viendo. para ricardo fue una experiencia inolvidable. >>> el programa fue una energÍa potente cuando nosotros estÁbamos bailando que en realidad nosotros dos estÁbamos feliz >>> y lo que mÁs nos enorgullece que latinoamÉrica >>> que se baila asÍ >>> a

this gentleman joined me, that is the reason i was in syrup. -- zurich.nt and royal court advisor his royal highness, also head of the sports authority. what d have to say about a host of issues from ra ftball, - privatization. let's get your first word news. reporter: thank you. the whitho jong-uto commit to a timetable arsenal. his nuclear i u.s. official says the president has been advised not to offer kim any concessions as the infamous ration 60 the onus to make a summit of excess. trump is determined to walk out of the meeting if it doesn't go well. he is toying with the idea of offering kim of follow-up summit if they hit it up. -- hit it off. the world bank is warning global growth is set to slow over the next two years. says the world economy will expand 3.1% this year, falling back to 3% in 2019. it says growth will further slow in 2020 as the world economy reaches full output. main opposition party has proposed a plan to stay in the european's single market. leader forward an amendment to prime minister brexit may's flagship legislation. it wou

that one of the prosecutors used, it isve endemic at level of the sport, from the highest high in a zÜrich where fifa is headquartered, all the way down to the small soccer association, there was the same repeated kinds of corruption, on every level. laura: how did the fbi get involved? fifa inot exactly based in the united states. ken: that's right. it is a circuitous story, but the fbi got involved based on a tip from none other than o in 2010er steele, told an fbi agent in london that there was something afoot with russia's bid for the world cup, and fifa in general was of further study. the agent went back to new ykd t with a prosecutor and they decided to open the case, and they began the secret investigation in the summer ofe 2010 as ney laundering and international fraud investigation. laura: were any russians convicted as part of the case? >> no, the curious thing about the case is that 45 to 48 people were charged in the case and two dozen were convicted, but no russians anywhere on the list. one of the question marks on the case is why no russians re, since the case was brought b

our eyes on the wild card for the first time or brazil or germany everyone in the streets in zurich or in john as work they speak about that and they live with it. and it will be it will be just fantastic it will be emotional it's also in a particular time i think where we need to feel some some unity in the world and some unity around football i think is there that that's a very very big issue because it is no secret a lot of tension between the world and the world cup host nation. how are fifa how are you dealing with that i mean how he sort of. coming in making this the best event in the world with all that's going on at the moment by focusing on football i think that's the key and that's the secret we have to focus on food but i think there are enough. sadly people around the world to try to just you know divide or argue or dispute or whatever we have to try to unite. football is uniting football is has this this magic and this power of bringing people together we don't want to make politics we don't want to take positions on whether and who is right or wrong we have to organize fo

it so tell us very briefly about where you've been so far so the route was london brussels parish zurich very very child rape. will cope and how you would wreck your fix stop calling police put. it off go so to say the receptionist played a mostly can see their friends a build up from all sorts of couldn't trees get in will come for even though you are excited very credibly excited the whole world is here fabulous at the airport a small little mexicans know i mean you don't intend to and because we came from boston and a lot of south americans you know love for revenge absolutely wrong in the world cup so if we just want to go and you go from here you get a crack on solution and you know we've we're almost done for the guy so you can imagine how that you feel safe again i hope you can be watching that guy i know it's. getting the guys like you're only going to have any hope left of a couple of days of full swing because he's always makes a huge huge congratulation on this price of money for street shows an incredibly important initiative which is suitable to feel these weeks ago things l

our eyes on the wild card for the first time or brazil or germany everyone in the streets in zurich or in john as work they speak about that and they live with it. and it will be it will be just fantastic it will be emotional it's also in a particular time i think where we need to feel some some unity in the world and some unity around football i think is the message that that's a that's a very very big issue because it is no secret a lot of tension between the world and the world cup host nation. how are fifa how are you dealing with i mean how exhaustive. coming in making this the best event in the world with all that's going on at the moment by focusing on football i think that's the key and that's the secret we have to focus on for but i think there are enough. sadly people around the world to try to just you know divide or argue or dispute or whatever we have to try to unite. football is uniting football is has this this magic and this power of bringing people together we don't want to make politics we don't want to take positions on whether and who is right or wrong we have to or

lime already runs similar schemes in berlin, frankfurt and zurich, and plans further expansion acrossock markets have been doing. asian stocks fell to 6 month lows in trading. as with much of recent times it's the fear over trade wars that has worried investors and decided the direction of shares. yesterday india and turkey sais they wld impose tariffs on us goods as the prospect of a global trade war gets closer. in europe it looks like energy stocks could help markets ahead of that opec meeting of oil—producing nations as oil prices continue to see gains this friday. and kim gittleson has the details about what's ahead on wall street today. on friday investors will be paying close attention to the companies that could be impacted when planned european union tariffs go into effect today. the import tariffs of 25% will affect a range of us exports from politically sensitive states. to refresh your memory, the european union decided to impose these tariffs, which will impact something like 2.8 billion euros worth, or $3.2 billion worth of us exports. in retaliation — the eu is retaliat

we are intending to build in hungary is a christian democracy you know based on christian values zurich achievement married the based. society there are there are debates about that as well but all in all our interest is a stronger open union because we did a strong european union hungary can be strong ok so there's the e.u. commissioner who actually voiced her opinion about hungary and the czech republic and poland voicing their concerns and their views and she said you know those are sandbags those three countries that could be thrown away could it come to that hungary czech republic slovakia and poland the. countries are members of the european union and the view of the members of the european union even more than the this so. sure europe in the region is currently the growth of the european union our growth rate is much higher than the average everybody speaks about the german french cooperation when it comes to the issue of european competitiveness and bob if you look at the to see that the trade between germany and the contras is fifty five percent higher than the trade annually b

it so tell us very briefly about where you've been so far so the route was london brussels parish zurich belgrade child rape. will cope and how you would wreck your fix stop calling at least put. it off go so to say the reception has been a mostly can see the fun is a build up from all sorts of contrary it will come for even though you are excited credibly excited the whole world is here fabulous at the airport a small little mexicans know i mean you don't intend to and because we came from boston and a lot of south americans you know i love the regions absolutely i mean the world cup so if we just want to go and you go from here you get a crack on solution a kid you know we've we're almost done for the tie so you can imagine now that you felt safe again i hope you can be watching the guy you know it's like getting the guy saying they're really very very hopeful after you have a couple of days of full swing your you. always a sweet say yes huge congratulations on this rising money for street shows an incredibly important initiative which is too little to predict these weeks ago things li

tell us very briefly about where you've been so far sort of the route was london brussels parish zurich barreled right child rape. kit. how you would wreck your fix don't call police but bowdler you know it's going to suck to say the reception has been a mostly consider it fun to build it up from all sorts of cool trees and will cook for even though you're excited he could really excite the hoovers here fabulous at the airports moon mexicans are alive and they don't intend eons because we came from boston and a lot of south americans you know lost regions absolutely wrong in the world cup so if we just want to go and you go from here you can cross conclusion you know we've we're almost done for the guy so you can imagine oh that usual safety i hope you can be watching the guy he looks like in the guys they could only be having any hope left of a couple of days of force we call he's always a snake so yes huge congratulation on this price of money for street shows an incredibly important initiative which is suitable to finish the season weeks ago things like the user does the smarter they

our eyes on the wild card for the first time or brazil or germany everyone in the streets in zurich or in john as work they speak about that and they live with it. and it will be it will be just fantastic it will be emotional it's also in a particular time i think where we need to feel some some unity in the world and some unity around football i think is the best that that's a very very big issue because it is no secret a lot of tension between the world and the world cup host nation how are fifa how are you dealing with that i mean how exhaustive. coming in making this the best event in the world with all that's going on at the moment by focusing on football i think that's the key and that's the secret we have to focus on full but i think there are enough. sadly people around the world to try to just you know divide or argue or dispute or whatever we have to try to unite. football is uniting football is has this is magic and this power of bringing people together we don't want to make politics we don't want to take positions on whether and who is right or wrong we have to organize fo

tokyo and zurich rank as second and third respectively. get in touch with me and some of the team on twitter. i'm @lvaughanjones. well, it does look as though there could be some slightly cooler weather, with a little bit of rain on the way, but not until the end of the weekend and into next week. in the short—term, well, the heatwave's just going to continue for the next few days, and into the weekend as well. and in fact, on wednesday, the highest temperatures are expected across, potentially at least, scotland and northern ireland. temperatures could hit 30 degrees celsius, and it'll be quite a bit cooler closer to the north sea coast. so this high pressure's very much in charge of the weather, notjust across the uk, but much of western europe and across scandinavia too, even in stockholm and oslo, the temperatures have been skyrocketing. so through the early hours of wednesday morning, it's a case of clear skies. there will be some low cloud lapping onto the coastlines, some mist and fog as well. so, for some of us in the eastern count

tell us very briefly about where you've been so far sort of the route was london brussels parish zurich barreled right child rape. will cope and how you would wreck your fix stop calling at least bring false alarm.

the season continues in zurich this weekend with the race notjust on the track, but for our business,go, we are still waiting for a good's team news for tonight. commentary on five live and will have the latest for your new bbc sport website. we will be back throughout the evening, with more port for you, but next it is the weather. with helen willetts. good evening it has been wonderful, that one has triggered if you shop showers, you can see the classical scotla nd showers, you can see the classical scotland and northern ireland, as well as well as a week by the front across the south, which will continue to bring the risk of a few showers edging will overnight. those than treat showers in the north will tend to peter out, but with more cloud in the night, tonight. it would be as cold as recent nights. 0nce would be as cold as recent nights. once again, a repeat performance tomorrow. gardening and and wales, but the threat of showers putting a bit further north into northern england and parts of the midlands, web and the south—west. probably fewer in the south and east, but still th

tell us very briefly about where you've been so far sort of the route was london brussels parish zurich ferrite child rape. kit. you would wreck your fix don't call boss a lawyer you know he's going to say the reception's been in moscow you can see their friends a build up from all sorts of contrary it will cook for even though you excites the critics on the whole movies they're fabulous in the air because moon mexicans are i mean they don't intend eons because we came from boston and a lot of the south americans you know left reviews absolutely wrong in the world cup so if you just want to go and you go from here you get a critical solution and you know we've we're almost done for the guy so you can imagine how that usual say kids are going to help you to be watching the guy you know it's like getting the guys they created and they gave me i would hope that for me you have a couple of years of full swing because he's always a cynic so yes huge congratulations on this crazy money for st showed an incredibly important initiative which is two of the loop. weeks ago things like the user do

zurich and bern were the only cities there.angola, i guess that is the impact of oil money. african city, and angola, i guess that is the impact of oil moneym is second on the list, rwanda, and i think hong kong, it ousted hong kong last year top spot, but now hong kong has regained its position. what do you do to cut costs if you are travelling? i don't do a lot of trouble now, i used to when i worked foran trouble now, i used to when i worked for an investment bank, but then it was an expenses and it was all five star, i didn't worry about it! it wasn't my money, i'm embarrassed to say. get those error miles while you could. ross, good to see you. that's all from business live today. much more throughout the day on the web page. goodbye. hello there. yesterday was hot and sunny, in fact it was the warmest day of the year so far. temperatures in london got to 30.1 degrees celsius, but widely those temperatures in the higher 20s, even across scotland, northern ireland, 26-28 across scotland, northern ireland, 26—28 degrees. the

it so tell us very briefly about where you've been so far so the route was london brussels parish zurich very bright child rape.

seventeen dundon it's talking around to northern spain mr twenty four in madrid but you'll notice that zurich's at twenty one now this is the area i think for the cooler spreading in but also the brain is likely quite tense so it's in for example eastern side of france and germany are all allowed to be fairly wet in the next two days now east as they start running you overnight between tuesday and wednesday still pretty warm so it's not as don't see far more likely maybe not quite austria which is to the west in the west but down towards remain yeah maybe hungry and the balkan states from school of it's cold and now you'll notice in germany and in poland the thirty's now really limited to the southeast corner of years that's been a change actually for most places it's still warm in the mediterranean there was more audience a lovely place to be at the moment and in fact all of north africa and the onshore breeze means it should feel a little bit fresher in bangali such a foreign car you'll notice but typically middle twenty's to get back to the atlantic coast twenty two to hear about. arts. you'

he sat down with the next was of interview in zÜrich, switzerland.ifn you go back into the levels of in general, fx movements, yes, some movement, but not a lot of volatility compared to the standards. i would say overall investors are very cautious. they are out there observing the situation. they are not panicking. they are starting to get concerned. : did you take any risk off the table? >> i think we have been focused on managing our risk for a while. this is clearly not an environment in which you put on more risk. >> what about italy? did you have any exposure to italy? >> no. our exposure in terms of countries is well within our risk appetite. i am comfortable that there is no substantial short-term risk posed to europe or any countries in europe. manus: one thing i focused on last week was sovereign risk and banks, alive and well. it had not gone away. of the day, banks are a transmission mechanism for the economies and if the underlying economy, political landscape, is unstable, banks are suffering come so it is quite normal. having said tha

ubs asset management division cutting -- let's bring in a finance reporter based in zurich. how many are we losing in the asset management part of the business? >> you said it already. 100 people are leaving. these jobs across the asset management unit and across regions and divisions. we understand these job cuts are mainly happening in sales for people who distribute funds and these types of people -- we talk about 100 job cuts. that sounds, in the grand scheme soundsgs, that relatively small, but on the other hand the asset management division is the smallest unit -- 2300 people. it is a significant step and is basically to lower cost at the unit. something did not fit. we should see the move in the light of that and they want to free up resources for the expansion in china. it is a restructuring case at ubs. caroline: many steps are being got, 90 what has he focuses in terms of reorienting the business? where is the key? it seems to be china but it is also the passive part of the business. >> that is correct. he has been restructuring that business since 2014. they have

jay powell and the fed talking --ently in zurich about that about that the u.s.y itself. you see the message yesterday from the indian central banker about how other central banks are having to adapt to withdraw the stimulus from the fed. it is an issue how central banks communicate. interesting one is what messages are the emerging markets taking? an important g six plus one meeting. on crude oil, the spread is really widening. it has been a bit of a rollover. chart ray longer-term over on the right side. west texas is always lower. stay with us. this is bloomberg. ♪ tom: surveillance correction. fran from london emails and and says there are 65 governments in italy not 61. i miss counted the italian governments since world war ii, francine. the italian governments.count apple has made its strongest statement yet on data privacy. it has moved to limit data collection on companies including facebook. it is the latest privacy crackdown. the operating system will ask you permission before sharing data. let's just remind everyone listening to us what happens now. i

it worked so well, he didn't think twice about traveling 4,000 miles to zurich to get another implant> totally painless. >> two weeks later, kristen and brady received a skype call. >> i hear you went to switzerland. >> yeah. just got back last week and i got the drug treatment. it's great. i'm actually outside in the sun now. >> are you in central park? >> yep. i'm right here. lots of people out enjoying the day. >> do you want to ask him if he thinks you should do it some day? >> should i do it some day? >> absolutely. as soon as you have the chance. i'm hoping it comes to the states soon. >> the drug is expected to be submitted for fda approval in the states in 2016. since there's no guarantee that the drug will ever be developed for pediatric use, brady was looking forward to one special birthday. his 18th. >> it's eight years and 14 days. >> sounds good. >> i let him do the countdown but i don't know what's going to happen. >> it lasts for two months. >> i hope it was really good for brady to see what can be for him. >> on the west coast of canada, shannon was also thinking about

--find manus cranny in xeric in zurich austria. trying to find our footing is the best way to sum up the asian trading day. willing to put concerns around trade to one side. will it last? we saw the s&p touching its highest level since march. the australian dollar, you see at the bottom of the screen, did not move all that much. nymex is a little stronger this morning. the trends over the last couple of weeks have been downward. we look aheado the ec meeting a bit later on this month. s&p futures not giving us a huge amount of direction. talk about just how much president trump will stick to his rhetoric and policies around trade if we see stocks moving lower. at thenot the story moment. the market is incredibly resilient to the trade story. mall be speaking to our guest from xeric, austria. rich.om zu that's at 9:00 london time. we've been on the road because we've had a couple of conversations. we have set down and have the conversation with this gentleman , he is the man, he is the advisor to the royalourt for mohammad bin salma

that comes asian with manus cranny from zurich. we will start giving you a taste of what is going on at 9:00 a.m. u.k. time. what also we got coming up? we will take a look at how the gas which nation is faring one ar on from the saudi led boycott. that is next. erg. matt: welcome back to bloomberg markets, this is the european open. 17 minutes away from the european open. business the bloomberg flash with juliette saly. iniette:taucks dipped trade on news that howard schultz is stepping down. he took the company from 11 outlets to more than 28,000 across 77 countries. the departure comes as u.s. sales growth slowed and in the wake of criticism over the arrest of two black man in a philadelphia starbucks. he will take the title of chairman emeritus and the is some speculation he may run for president. twitter and netflix are getting a leg up in the s&p indexes. monsanto in replace the s&p 500 while netflix will replace the agricultural products company and the s&p 100. that comes as buyers take over -- as the takeover of monsanto i

want to be the head of the margin behind them people breaking windows and also the police went to zÜrich i say it was really a police riot. if you read going down jericho road you will see the chilling story of what happened next, it was mayhem. hundreds of people in the hospital, basically murdered in cold blood in front of a bunch of people. that is where the tanks came in, police were very much, king said this, the police were responsible for the mayhem. kids broke our windows but that doesn't mean they should be shot down in the street. >> two questions. you mentioned in memphis about professional white-collar persons and specifically the police department and majority. what about the educational system in terms of who is in control of that and what category do you put that in, teachers, professors, etc. not the universe of memphis, and georgia state as they claim to be hbc you of the state of georgia because of black students, you did mention memphis and they always had a great basketball team, pretty good football last year, loss to georgia state. they didn't play the game but the

in november 1944 ross even travels to zurich and meets with becker dressed in his crisp ss uniform, he personally worked for himmler, as proof that roosevelt was interested in the negotiations. during world war ii, an american government representative held a top secret, unauthorized meeting with a high ranking ss official to negotiate on humanitarian matters. and as a result, mcclelland and meyer got more than 1600 jews released from bergen belsen as a good faith gesture on the part of the nazis. the board opened a refugee camp in upstate new york and brought nearly 1,000 refugees from europe to live there. they argued the nazis must not be given the pretense of justification, that the allies -- while speaking in horrified terms of the treatment of jews -- never once offered to receive these people. they sent 300,000 food packages into concentration camps at the end of the war, they passed along requests to the war department for the bombing of the rail lines, the crematoriums in auschwitz or to wipe out the entire camp itself, and they with no authorization from the rest of the gover

he spoke to bloomberg in an exclusive conversation in zurich. >> the spike of bonds, but if you go backhe -- you look at effects movements, yes, we saw some movement. but it is not a lot of volatility compared to the standards. would say overall, investors are very cautious still. they are out, they are observing the situation. they are not panicking. they are starting to get concerned. reporter: was there any reduction in risk, did you take any risk off the table? sergio: i think we are being very focused on managing our risks for a while now. this is clearly not an environment in which you put on more risk. reporter: what about italy? did you have any material exposure we should be cognizant of? sergio: no. our exposures in terms of countries is well within our risk appetite. there isortable that no substantial short-term risk that poses to europe or any countries in europe. reporter: one thing i focused on last week was the duel or between sovereign ring -- risk and banks. it was alive and well. it has not gone away. sergio: at the end of the day, banks are a transmission mechanism f

not attend the 2010 vote in zurich which gave a rush of the right to host this world cup saying he stayedof respect for fee for. global news, 24 hours a day, on air and at tic toc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton -- i am mark crumpton. this is bloomberg. julia: thank you very much, mark. fueling the fed fire to u.s. inflation warming up without too much heat. reinforcing the feds gradual approach. tomorrow, we are expecting policymakers to raise rates. gilbert says he is worried about the pace of rate hikes. martin: what worries me is the u.s. interest rates are going to go up quite rapidly. that does worry me slightly. -- if theyce will be put of interest rates too quickly, that leads to a slowdown. it is a very fine tuning of this interest rate rises and hikes. they have to get it absolutely right. julia: our next guest is also cautious against a fast fed. joining us is omair sharif, he is the senior u.s. economist. great to have you with us. do you share martin gilbert's concerns about the risk of tightening too fa