matt: i'm matt miller in berlin. let's check on markets moving this morning. asian stocks we saw drop in the msci asia-pacific and see that continuing down .75%. not a great start to u.s.-chinese discussions with donald trump tweeting the chinese are ripping off the u.s. nasdaq futures are up. it helps when apple forecasts at the high end of what the street was looking for, $64 billion revenue and here you see the aussie dollar gaining about .3% in u.s. dollar terms. the 10 year yield in the u.s. has been drifting lower for four days. oil, extending its longest rally in three weeks. concerns around tensions in iran but the api data giving wti a lift. let's get the bloomberg business flash with debra mao in hong kong. debra: apple is projecting revenue in the current quarter that topped expectations, a sign the company is optimistic about potential sales of new iphone models launching in the next few months. this comes after apple's best ever second quarter driven by growth in services, wearables and the ipad. since 2012, less than half of the revenue comes fro

matt: i am miller in berlin. some assets moving today, the asian pacific index rising a little bit, optimism as trade talks kickoff in shanghai. the again gaining strength against the dollar. and the feds pat, is expected to cut. the bloomberg dollar index gaining slightly. the pound fell out of bed yesterday, dropping more than 1%. traders see the no deal risk increasing with boris johnson's rhetoric around wanting to renegotiate the withdrawal agreement. yuan dropped yesterday, more steady today. let's get the bloomberg business flash. citigroup, hundreds of jobs cut in its trading division. that amounts to 10% of the division. have their banks lowest trading revenue in more than a decade. plummeted, three months after it went public. company battles it out in an increasingly crowded vegan marketplace. south africa's embattled state , this interim appointment comes after the outgoing chief said he was stepping down due to be unimaginable demands of the job. he is the 10th person to vacate the post and as many y

matt miller, matt, thank you. >>> will he be released? a judge set to make that decision about accused sexual predator jeffrey epstein today as he seeks to be released on bail. we are going to go live outside the federal courthouse. that hearing we're told literally just getting under way. live look there outside the courthouse. we are also keeping an eye on what's expected to be quite the contentious hearing on the hill. acting dhs secretary, department of homeland security secretary kevin mcaleenan testifying and they're about to ask a lot of tough questions about conditions inside those migrant detention facilities. and the separation of families. facilities and the separation of families if you have moderate to severe plaque psoriasis, every day can begin with flakes. it's a reminder of your struggles with psoriasis. but what if your psoriasis symptoms didn't follow you around? that's why there's ilumya. with just 2 doses, a majority of people were clear or almost clear. and over time, even more people were clear or almost clear. all

i'm anna edwards alongside matt miller in berlin. matt: where did the doves go? stocks slide in asia and european futures are flat after they didn't deliver the cut. some expect attention turned to the u.s. gdp number, cash less than 30 minutes away. ♪ anna: partners

and matt miller is in charge of pulling the string on one of the howitzers. what more could you want? have a great evening, enjoy yourself. it looks like the coverage will be excellent. matt knows everything about the event. you do not want to miss our coverage. it all kicks off at 8:00 eastern. it will be fantastic. make sure you tune in. we have the concert, we have the fireworks, we have the howitzers. everything will be going at 8:00 this evening. from boston, from london, this is bloomberg. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. the following is a paid advertisement for time lives video collection. >> ladies and gentlemen, dolly parton. >> it is country music's biggest night. when country's greatest stars perform on country's biggest stage. now, you can have your very own front-row seat

one of them is matt miller, my coanchor. he will be with us shortly. this is bloomberg. ♪ anna: welcome back to "bloomberg markets." this is a special edition on this fourth of july. the boston pops fireworks spectacular is the u.s. largest and oldest worth of july event. here's a taste of what to expect. ♪ anna: that does look spectacular. bloombergs matt miller usually hosts the european market show with me. he has been in released from berlin to boston for the event. tt: i just want to say one time, no hard feelings. we are over it. that wound has healed, we now have a special relationship. it will be a fantastic celebration of american independence. queen latifah is performing, the texas tenors. amanda menna from america's got talent as well as the first u.s. poet laureate. i recommend everybody, even those of you in great britain, tune in to watch the independence day celebration tonight. anna: thank you very much. we hear the message. no hard feelings. i still do not get an invite. matt miller joining us from boston, the boston pops on bloomb

let's see what the background shows, matt miller. also, sue gordon, trusted, career, principal deputy. he is saying, she's the acting not what the president said on his tweet on sunday, which is i am considering who to name as acting and we've heard several names floated. they're all political. >> two things about that. first, i think that statement from richard burr is very much a signal to the white house and everyone else, which is let's see if -- i'm not going to spend any political capital on this nominee until i know whether it's serious because we've seen you before raise nominees with controversial pasts, you know, publicly announce them before you've done any vetting, then the nomination falls apart. i'm not going to stick my neck out. the second problem is, there is a statute that says sue gordon is to be the inexacting director of dni. i don't know how the white house plans to get around that. perhaps they plan to fire her so they can make someone else acting director but it seems clear they do not intend to follow the sta

i'm anna edwards in westminster alongside matt miller in berlin. matt: long live the everything rally. european futures point to big gains, after the s&p 500 closed at another all-time high. the cash rate is less than 30 minutes away -- trade is less than 30 minutes away. ♪ anna: piling on the pressure. european sovereign bond yields hit record lows ahead of today's ecb

i am matt miller in berlin. the biggest stock movers, let's go to london. bp, want to start with higher production for oil and gas which offset lower prices and their cash flow was up 17% from a year earlier, $8.2 billion. with weakertrend than expected results from rivals. lufthansa to the downside with gloom in the airline industry, down more than 5% after missing estimates, negative impact of rising fares particularly in germany and austria. ckitt cut their growth target of a slowdown in inventory in china. at the same time, stronger growth in china. matt: very interesting. looking at some of the big stock movers this morning. let's get to the first word news with viviana hurtado. cuts, theabout right -- the rate cuts, the fed should be hiking according to guggenheim partners who warns of a potential overheating, saying preemptive rate cuts will lead to unsustainable he high asset prices and that can only mean the next downturn worse. a 23% rise inng first-half revenue to the equivalent of $68 billion. an ind

let's talk to matt miller in the individual stocks. matt: let's do that. let's take a look this morning. we have more winners than about, not huge, but it's 335 stocks gaining, 186 are down right now. and there are still 78 unchanged. more action you can see. total isnning side, the biggest gainer right now, coming out with some numbers this morning, average liquids barrel.4 a that's the second quarter number. $27.6. so, we see some numbers coming out. the topic boost total little bit. it's such a heavy company. you see total and some mining companies rising. rio tinto is up. glencore is up. bhp billiton helping to add to it forxx 600, holding tenths of a. point on the losing sight. after pulling asian ipo, down 2.5%. concerns in the investor community as to whether anheuser-busch can keep up with the craft beers of the asia consumers taste buds. see alstom following. that's why it's trading down. not because something horrible happened. but today is the first day you buy the stock without the rights to last year's dividend. nestle down 2/10 of -- 3/10 of

welcome to "surveillance," i'm matt miller in berlin. let's check in on what's going on in the market. we do have gains across some european indices, right now you can see the stoxx 600 up .2%, the broader european index is gaining. the dollar is also strengthening against the yuan, you can see one dollar now buys 689.71 offshore, and the pound is weakening. you can see it down 123.38. as we get closer to the possibility of hard brexit or new elections, investors continue to sell sterling. now to the first word news with viviana hurtado in new york. chief executive carrie lam has condemned the violence in her first news conference on the city since the end of british rule. fresheclaration follows demonstrations with police firing tear gas and rubber bullets at protesters. this week, u.s.-china trade talks are set to resume in shanghai, the first since discussions broke down almost three months ago two days of talks are scheduled to begin after presidents trump and xi reached a troop at the g20 although deep tensions remain. neither side

matt miller is in boston for all of the festivities. i want to know the size and scale of what we are talking about here. walk me through the numbers behind the boston pops. matt: this is a massive undertaking. i mean, we have so many stars out here playing, from queen latifah to the texas tenors to the boston pops orchestra themselves. we have 500,000 people. in fact, the boston pops fireworks spectacular got into the guinness book of world records in 1976 for the most people to come watch a live event in the u.s. we still typically have about 500,000 people every year that come and watch, but the best thing is so many more people watch on television. millions of people tune in every year, not just in boston. this is a global broadcast, of course. you can watch on bloomberg tv, on bloomberg.com, on tictoc on twitter. there are a number of ways to watch this. those watching from home really get the best view of the fireworks. it is an incredible, spectacular event, as it says in the name. guy: just give me a sense of who we are going to

former chief spokesman for the department of justice, matt miller. msnbc and nbc national affairs analyst john heilemann, associated press white house reporter jonathan lemire, mimi rocah, former federal prosecutor and u.s. attorney. and "the new york times" washington correspondent mike schmidt is here. matt miller, i want to start with you on the question of an interview with the president. jonathan and mike both reported extensively on the negotiations on the president's desire and public statements over and over and over again, i really want to talk to mueller. the reason he didn't do an interview with mueller is all of his friends and lawyers were positive he would lie. >> he would lie or admitted to facts that would have constituted a crime. but i have to say, i think there was something interesting that emerged. can you read between the lines and it somewhat came out during the questioning. one reason he didn't subpoena the president is it would take so long. the other is he was able to establish all of the elements proof he needed of the pres

anna: i am anna edwards live in westminster alongside matt miller who is in berlin. matt: the markets say it is tough to be a bank. the latesttander are lenders to admit that low interest rates are knocking revenue. european futures point higher as those banks beat estimates on the bottom line. the cache trade is less than 30 minutes away. ♪ anna: ubs bounces back, posting its highest net income in almost a decade. after with the ceo calls one of air inst starts to the recent history. to look at the first quarter, we have a weaker first two months and into march, things normalized. coming into the first half. the u.k. will learn the identity of its next prime minister at midday. worst johnson is the favorite to take the top job. that deal. president trump announces a i partisan agreement to boost u.s. spending for the next two years. good morning. matt: good morning. less than half an hour away from the european open and a lot going on. let me take a look first at pound futures. we're looking at pound trading 124. it is headed down over the past few sessions. we wi

matt miller spoke exclusively to german finance minister omar schultz, asking first about reaction to the ecb. their ecb is doing job, and we do not comment on their decisions. i think anyone of us has to deal with the world by developed of the economy. we know due to all of the tensions we have between china and the united states, for instance, the not clear development and the question of brexit has an impact on the economy. mostly on the way that many corporates that are willing to invest, waiting for the next month and the next month. i think anyone of us is waiting for a solution, and this will have a good impact on growth. matt: are you concerned we might be stuck in almost a japanese vicious cycle, where low rates begets low inflation and low growth? >> i don't think so. i think we will see better growth next year, and we see it at the end of this year already. man-made problems that we have with all the tensions lved, we will have better growth worldwide, and this will have an impact on the european economy and especially the economy of germany, which is a really global societ

i am matt miller in berlin alongside anna edwards in london. higher,8 stocks going that gives you a sense of bill rally we have got -- of the rally we have got. from richard pushing markets higher in asia and in the session as well. as a result, we have some sectors gaining. most volatile or those set to benefit from a weaker rates. urecia is up. selling a unit in australia to asahi, they also say there is room for an ipo of the asian business. we have an interesting story moving things around, particularly in the appetizing sector. this group is down nearly 8% on the back of the warning. concerns about appetizing in the united states. we also see this finish paper business down. upm down, perhaps in sympathy. let's get a first word news update in hong kong. >> senior federal reserve officials are stressing the need to act sooner rather than later. vice chairman richard clarida and john williams says policymakers need to act quickly. bets thateinforced the central bank will cut rates, potentially by as much as 50 basis points. the u.s. and chin

i'm anna edwards in westminster alongside matt miller in berlin. matt: long live the everything rally. european futures point to big gains, after the s&p 500 closed at another all-time high. the cash rate is less than 30 minutes away -- trade is less than 30 minutes away. ♪ anna: piling on the pressure. european sovereign bond yields hit record lows ahead of today's ecb meeting, with markets pricing a 40% chance of a cut. will draghi he forced to move? boris and the brexiteers. the u.k. prime minister packs the cabinet with loyalists. with earnings season heating up, we talk to the ceo's of unileve r, roche, astrazeneca and anglo american, all within the next hour. a busy morning. matt: very busy. less than half an hour from the european open. as we waitat bunds for the ecb decision. yesterday, down to a record low for the german 10-year debt yield, at one point -40 basis points. right now we are at -38. i believe the mliv question of the day is, how low can they go? we will talk about that today. how high can stocks go? futures continue to rise

this is bloomberg surveillance, i am matt miller in berlin. facebook shears took a beating for the second day on is cryptocurrency plans. democrats in congress argued the proposal poses vast privacy and national security risks. u.s. financial committee chairwoman maxine waters says the tech firm needs to explain much more about libra. take a listen. rep. waters: it was not good enough. not only did he scored the question about the moratorium, we specifically asked about regulation and what regulators does he think should oversee them. i specifically asked about epso c. he skirted that. >> earlier this week i was at the white house attending the press briefing with treasury secretary steven mnuchin. you might be surprised, they're actually seems to be some agreement at least in the skepticism that the white house has that you have with these digital currencies. oc. mentioned fs which regulator will be taking the lead on these digital currencies? rep. waters: at this time, we don't know. as i understand, the feds have an advisory committee. ther

former justice department spokesperson, and security analyst, matt miller. "the new york times" reporter, michael sh michael schmidt will be with us in a moment. >> what are you expecting today, mika? >> i'm expecting donald trump to do whatever he can for a glimmer of hope from certain words. i expect some republicans to continue to make fools of themselves. i'm also not expect ago big revelation. the mueller report has been out for quite some time now, people have read it. it is terrible what have happened. some americans have made a decision not to look at it and will not watch today, and those americans will be trump supporters. >> mike barnicle, i saw a poll, we'll be showing later on today. 50% of republicans believe that robert mueller ran a fair investigation. it's going to be a little harder for the president to vilify robert mueller and have credibility when actually the majority of his own party who usually follows him wherever he goes believed that this guy ran a fair investigation against donald trump. >> yeah, there's no doubt about that, joe,

i am anna edwards outside downing street alongside matt miller in frankfurt. matt: the markets say let's get back on track, stocks gain in asia after a bloomberg report that the u.s. and china will restart trade talks on monday in shanghai. european majors -- european futures are mixed. away.rading is 30 minutes anna: the dude in number 10, boris johnson becomes prime minister today. he has to build a cabinet and tackle brexit by the halloween deadline. deutsche bank trading slump deepens. the cfo spoke to bloomberg this morning about the impact of low rates. >> we are very aware that outlook deteriorated in june. it does represent a revenue pressure for us and all of the banks if rates go down further. anna: daimler sets its sights on recovery, operating profit will improves significant leak in the second half as rival peugeot downgrades across the world. going to talk more about the banking industry, german asset manager dws had a 4.2 billion euros in inflows in the quarter. spot forbig bright deutsche bank, the parent company. the influx is beating average

matt miller and natasha bertrand, rest to your families, as well. we have so much more in tonight's show. i'm excited about it. a deep look how mule terror actually testifies is going to add a lot of insight with our special guest david korn activist taking to the street over planned immigration raids. something very important this weekend potentially. donald trump surrenders again today. that labor secretary is out after the epstein sex offender scandal. later in the show, we want you to see jon stewart today back on the hill going after mitch mcconnell on standing by the commitment this country made to 9/11 victims. we have a lot more in the show. i'm ari melber. you're watching "the beat" on msnbc. you're watching "the beat msnbc. award winning interface. award winning design. award winning engine. the volvo xc90. the most awarded luxury suv of the century. the volvo xc90. a peaceful night sleep without only imagine... frequent heartburn waking him up. now that dream is a reality. nexium 24hr stops acid before it starts for all-day, all-night pro

matt miller, i want to turn to you first because the question now is this letter. do they have the authority, can they restrain him? does very to abide and do you think knowing what you know about robert mueller that he will obey? >> they have the authority to send him this letter and whether he will obey or not. he doesn't have to. he's a private citizen and there's nothing they can do to hold him accountable. but i think as the letter referenced reasked for guidance about the justice department how far he could go in his testimony. not an inappropriate thing for him to do. the letter he got in response is extraordinarily aggressive if the you take that letter at face value, he basically can come in and recite the words from his report. he can't talk about his decision making, he can't talk about the legal reasoning behind his decision making, he can't talk about conversation easy had with others at the department, like the attorney general. that's problematic for two reasons. one, it applies this traditional doj idea that the department not talking about unchrage

. >> matt miller is a former chief spokesman for the justice department. he is a security analyst. acosta did not apologize to epstein's victims. you tweeted, don't know why acosta doesn't say this in response to the victim question, i'm sorry, i tried to do my best for you, i'm sorry i wasn't able to get a better outcome, i wish i had and in hindsight maybe i made the wrong decisions, i did the best i could, but you deserve better. what did acosta accomplish on wednesday in addressing the situation the way that he did? >> i don't think he accomplished much. his performance was inadequate. i didn't expect him to come out and just say he had made huge mistakes and that he wishesd he handled the case differently. but che could have taken responsibility instead of shifting blame as you saw where he tried to shift blame to the state prosecutors. he shifted blame at times to the career prosecutors in office -- in his office. he blamed the media. he blamed the victims at times. that tweet you put up on the screen, i think that was the thing i found most disturbing. he was asked over and

i'm matt miller in berlin alongside anna edwards. anna: 30 minutes into the trading day, 3 -- 400 stocks to the downside of the stoxx 600. a bias to the downside in terms of the bulk of the stoxx 600. , up 5.3%, the biggest gainer on the stoxx 600. bp, of 3.3%. broadly speaking, talking positively about the demand picture for oil and we will talk more about bp in a moment. well,rials doing quite the likes of abb, rio tinto trading higher. to the downside, it's look at how some of the corporate earnings season has been reflected. centrica down, the u.k. utility changing dividend policy. the renewable energies business down 11% or so. deutsche lufthansa down. theytt down 4% after reported. grenke down this morning. let's get a first word update with annabelle droulers. annabelle: commuters in hong kong this morning faced delays as protesters disrupted services on the subway. it is the second time in less than a week protesters have disrupted the railway and this latest action comes as beijing warns violence will be tolerated following

nejra: that was deutsche bank speaking ton moltke matt miller. now debra mao with the business flash in hong kong. hasa: texas instruments predicted stronger-than-expected profit forecast, third-quarter to $3.95ill be 3.65 billion. at demand for chips may be an end. it can't is concerned that the u.s.-china trade dispute will hurt the overall economy. the second biggest ipo of the year, the company is targeting a share sale of $3.5 billion. softbank values the business that $47 billion. acceleratedwth has with the number of users topping estimates after it rolled out an updated version of its android mobile app. --230rage of 200 330 million users. daimler says operating profit and free cash flow will significantly improve in the second half of the year after cutting its outlook earlier this month. they've received annual revenue higher than a year ago. vehicle sales will be about the same as in 2018. nejra: the earnings futures coming fast. ,et me get to aston martin taking immediate actions to improve even since the. -- to improve efficiency. ch

i'm anna edwards alongside matt miller in berlin. >> today the markets say give us a reason to keep going. european futures are lower after u.s. indices hit fresh record highs on monday. will the rally continue if bank earnings disappoint the cash trade is less than 30 minutes away. ♪ >> expect a call on trade. steve mnuchin says he may had to beijing of trade talks aren't productive. this as europe's braces for u.s. tariffs on $7 billion of goods and legal aircraft subsidies. trading revenue will be the talking point for goldman sachs and jp morgan as they report quarter results. we will hear from the cfo, john shrewsbury. and buyers reprieve. the german company's legal payout over its second round up by $55 million by u.s. judge. there are some harsh words in that case. >> he called their behavior reprehensible. --ant to talk about bitcoin everyone has harsh things to say about bitcoin, from president trump to his treasury steve mnuchin, saying it is only backed by thin air. on can see it hit 12,000 friday and just dropped over the weekend, trading now a 10,700 between four dollars. o

former doj official matt miller join me in a moment. he told "the new york times" in this new piece "mueller's never cared a wit how he came off in the media because he's always subscribed to the doj rule that you speak through your words and actions in court." matt miller is here along with law professor jen fare taub from vermont. >> a lot of people were expecting bob mueller to deliver the final knockout punch for donald trump to take the words of his report and show up as the kind of witness who would be kind of like jim comey has been in his appearances. people who knew bob mueller would always tell you that wasn't true. the fact that he looked for guidance from the department of justice before going in, the fact he gave them the opportunity to rein in his testimony was a pretty clear sign that that's what we were going to get. now, look, the quote you read from the times a minute ago that he was a mankind of hewing to traditions iter from another time is also accurate. there was a time that's what you would like to see the departm

week,t matt miller this he is over for the boston pops celebration. let's talk about what is moving around in these markets. downside,ias to the 367 moving lower, 223 to the upside. the moves are not that significant. we have lost strength of the markets. the payrolls number could be crucial, i hear, in terms of fed expectations and therefore in terms of treasury and dollar expectations. movers, we've got a mixed bag. john would up by 2.6%. up, moving on expectation of a deal. and it moves today on the agreement to the deal by the managing board. we spoke to the ceo earlier. lliad is up by 1.54%. a profit warning out of hexagon, but it is a day when the jobs data in the united states really matters. it sets us up nicely. will it be another week month? let's get first word news from debra mao and hong kong. thousands of spectators packed the mall to watch president trump's fourth of july speech. he praised the u.s. military and american people, but also put himself front and center of the independence day celebration. the event included tanks, flyover

matt miller, former chief spokesperson for the justice department under precinct obama. a democratic strategist and former executive director of the new york state democratic party, and matt gorman, republican strategist and former communications director for the nrcc. joyce, to you, first. what do democrats need to do to get robert mueller to reset the narrative? he doesn't want to. >> democrats have a very careful needle threading job that they need to do wednesday morning. stephanie, i think what they can do, most importantly, is help americans understand the connection between volume one of the report and volume two. in volume two, mueller finds, lays out ten areas of potential obstruction, legal experts have said they believe between three and five of those are indictable. but obstruction never happens in a vacuum. and here it happens in the context of the volume one discussion of collusion and cooperation between the campaign and russia. democrats should try to get mueller to focus on his inability to fully develop evidence. he says he didn't have sufficient eviden

that could send him to prison forever. >> matt miller, no way that the judge could release this man when even after the 2007 arrest there was evidence that he continued to make contact with underaged girls. >> yeah. it's hard to imagine a situation where a defendant was more likely to be denied bail than this where if you look at his past, he continued after his first arrest to have contact with women. with girls i should say. he seemed to be intimidating some of the witnesses at times. he's been recently paying people off, after they were contacted by reporters. then you look at the flight risk he posed. you know, the southern district of new york fbi agents found in his safe piles of cash. diamonds and an -- a fake passport from another country. i think the only thing that would have been worse would have been evidence that he had a jet, you know, gassed up and waiting on the tarmac and waiting to fly him to another country. it was i suspect an open and shut decision for the judge. >> you know, gene robinson, i have long suspected based on what i have heard around the set on "morning j

i am matt miller in berlin in four francine lacqua on this friday. let's stay with earnings this morning and bring it back to europe. the second quarter results season is underway with a raft of results. global headwinds and a a domestic downturn impact companies in europe's largest economy? here is annmarie hordern. annmarie: you are no stranger to the story. of course, next week will be huge for germany's army -- earnings. it is one of the worst-performing benchmarks in europe this month. you can see it is also losing out to france. when you look at the performance ratio, you can see the cac is gaining strength. autos and chemicals are key to german -- to the german economy. i want to first dive into basf. ,lready, we had a warning shot saying slowing markets from autos and crops and the impact of the trade were to cut profits by 30%. they do not see the situation improving in the second half of 2019. one problem could be that they are so reliant on the german economy, accounting for 11% of revenue. then we have daimler, who also cut profit outlook

and let's talk about matt miller's tweet from a little earlier. even if he were to acknowledge wrongdoing or fault, he's not going to get sued for it as a prosecutor because prosecutors have a tremendous amount of discretion to decide whether to bring cases. and look, sometimes you just make a bad call. what he should have done is said i made a bad call. i exercised my discretion in a poor way and i'm profoundly sorry. but he didn't do that. so i think he takes a reputational hit for a while. but until the president decides that he's done with alex acosta, alex acosta remains labor secretary. >> so let's answer mika's question about the accountability. will acosta be held accountable. i think other than the president of the united states, everybody that i've heard from, everybody that i read thought that acosta did an absolutely miserable performance. some white house aids telling reporters off the record that acosta hurt his chances of surviving. what politically was the take away of yesterday's press conference? >> i think that's close to where

ryanair cfo speaking with bloomberg's matt miller. checking the u.s. markets, we are just more than an hour into the first trading day of the week and the s&p 500 is down 3/10 of 1% but still well above the 3000 mark. the dow industrial holding onto a gain of a 10th of 1%. 1%.nasdaq is down 8/10 of slightly elevated though. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. guy: this is "bloomberg markets." time for a bloomberg business flash, a look at the biggest business stories right now. , fighting ahnson lawsuit asking for a warning to be put on its baby powder products. the company is pushing back on a texas law firm. the law firm calling for it now wants to dismiss the case. the new jersey-based health care conglomerate faces more than 40,000 lawsuits accused the company of hiding the health risk of baby powder. down a group is winding credit business -- and energy credit business. bloomberg has learned the will manage out the rest of the portfolio. investing inostly energy and power companies. -- is in talks to acquire genomi

david: that was deutsche bank's cfo speaking to matt miller earlier today. we welcome now ben mandel, jp morgan asset management global multi-asset strategist. in addition to what we heard earlier today, we also have the ceo christian sewing saying he confit -- saying he is confident in performance overall. to what extent is deutsche bank a specific problem, and what is a broader problem refunding interest rates over there? >> deutsche bank is a unique case overall. i guess the biggest problem is the equities trading group, where clients have already started to run for the doors. , sonts are abandoning ship it is looking really bad. so deutsche bank is a specific problem. i think the sector overall this quarter will have a bit of a rough quarter, so we are forecasting revenues down about 4% or 5%. a few banks have already come out and announced a bit better than that. most of that, you have sent in their and ubs -- you have was notr and ubs, european. they're slightly more positive results are in effect of activity outside the european union. ofx: we also sa

we are live from london, i am anna edwards, with matt miller in berlin? matt: hello. asian stocks dropped and the u.s. equity futures are mixed as trade talks are dropped. the cash trade is less than 20 minutes away. ♪ anna: a war of words. president trump accuses china of ripping off the u.s. as trade talks restarted and then ended in china. stocks declined. can the fed decision tonight we light the fire? claimsparibas second-quarter income gains, while credit suisse outperforms. tidjane: every quarter has been really mixed. first quarter was. good, second quarter started negatively, then we had strong growth. june was the best month in 42 months, so it was very contrasting. anna: and apple gains in late it.ing after advancing can push u.s. stocks to another record? matt, good morning? matt: good morning. we are less than a half hour away from the start of european trading. look at the offshore yuan, this is a three-day chart, we had a jump three sessions ago but had started losing some ground. this basically means that the yuan was getting stronger as it comes dow

i'm anna edwards alongside matt miller in berlin. matt: where did the doves go? stocks slide in asia and european futures are flat after they didn't deliver the cut. some expect attention turned to the u.s. gdp number, cash less than 30 minutes away. ♪ anna: partners in pain. renault lowers the outlook as the french carmaker grapples with the auto market slowdown. this follows as nissan reported a 99% plunge in profit. plans to carve out phone towers into a separate unit and will consider an ipo to cut that. plus, delay delivery. amazon forecasts income below expectations. alphabet and intel jump in late trading after beating expectations. good morning. matt: good morning to you, less than a half-hour hour to the start of trading. take a look at the bunds. this is something i was talking about. you saw a reversal in the bond yields. as we were heading into the ecb meeting, yields were coming down. investors were looking for the possibility of a cut. then we interviewed the german finance minister where i circled in red. and you saw but yields go up again. that'

i am anna edwards alongside matt miller. >> the markets say there is gold in holding silver. the ratio is starting to break down as silver gets buoyed. european futures point to a negative the cash trade less than 30 minutes away. >> corporate concerns. investors stream out of netflix. tradersall worldwide as start to consider an underwhelming earnings season. growth slows. raising doubts on future revenue. we will break down the numbers with the cfo. iran's foreign minister says europe needs to live by its commitments. offering slim hope of a breakthrough with the u.s.. get security by praying for it. you have to invest and do what is necessary. europeans need to take the necessary action. view shotas in my itself in the foot. hour away from the european open. take a look at the treasury yield. the brief jump the bulls were awarded has come back down. the 10 year yield continuing to fall back closer to two. we do have equity index futures. a relatively large drop. 0.6 percent. ftse futures down 0.4%. open.ld be a rough >> that does look like a rough open. haveve some that di

. ♪ it make anna: i am anna edwards live in westminster alongside matt miller who is in berlin. matt: the markets say it is tough to be a bank. the latesttander are lenders to admit that low interest rates are knocking revenue. european futures point higher as those banks beat estimates on the bottom line. the cache trade is less than 30 minutes away. ♪

matt miller, thanks very much for being here. much appreciated. >>> we have more to come including an exclusive report that you have not seen anywhere else, footage of a very important interview from nbc news. she will be here along with that report which you have not seen anywhere. that's next. stay with us. anywhere. that's next. stay with us. to the ford hurry up and save sales event. for the first time ever get 20% estimated savings on select ford models, plus earn complimentary maintenance through fordpass rewards. it all adds up. don't you love math? so get here asap because tasty deals and summer go fast. get in or lose out on 20% estimated savings on select ford models, plus earn complimentary maintenance through fordpass rewards. [ text notification now that you have] new dr. scholl's massaging gel advanced insoles with softer, bouncier gel waves, you'll move over 10% more than before. dr. scholl's. born to move. you don't really talk about your insurance unless you're complaining about it. you go on about how... ...it's

miller. welcome all. k let's talk about nancy pelosi. what do we expect from her as all of this is heating up on capitol hill? >> well, andrea, clearly this is not the articles of impeachment that have been filed by congressman green, is not reflective of where nancy pelosi stands. as she was talking to reporters earlier today, she was asked this question, you know, are you in favor of it, and she said immediately, no. and then stopped and sort of said, well, is that a surprise to you? this is one of these things where, you know, she has been very careful to try and keep her caucus together on this and while there's clearly a sentiment among many democrats that, you know, has been growing as we've had instance after instance of administration officials not coming up to capitol hill, it's still something that she doesn't necessarily think the house is ready for. so this really does test, you know -- set up a test for democrats who have been struggling with internal divisions that over the past

james von moltke spoke to matt miller. executee are working to on the restructuring just as quickly as we can. with the execution comes the accounting recognition of the steps we have taken. this quarter, we are recognizing about 3.4 billion of costs associated with the transformation. those are by and large non-cash charges, dta impairments, goodwill impairments, and software intangibles that we are also impairing. we get a good portion of the accounting impact behind us in the second quarter. in the balance of the year, we are working to take severance and restructuring charges in the second half as we execute on the restructuring. there will be some real estate charges and incremental dta charges in the year. where expecting probably another 2 billion these related charges over the coming several quarters, or two quarters in particular. tom: what percentage -- matt: what percentage of the job cuts do you think you can get done this year? how many can you get out of the way? james: it is a steady, gradual process affecti

joyce vance and matt miller. former spokesman for eric holder and msnbc contributor. these are the five things that democrats want to focus on in their probe of mr. mueller. donald trump repeatedly directing don mcdan to fire robert mueller and deny he had been told to fire robert mueller and direct jeff sessions to limit the investigation and let sessions know he is fired if he doesn't meet with lewandowski and witness tampering with them. is that the right place to go to focus on the obstruction. >> it is absolutely the right place. mueller identified 10 potential incidents of obstruction over the report. these five pieces are three of those issues and they are the strongest arguments for obstruction. they are all meritorious for prosecution. >> you have a president here who but for being president would probably have been prosecuted for obstruction on these 10 counts. he has his former lawyer in prison for committing a crime that we now know he actively participated in organization straighting. maybe they should look at the memo who said a president is above the la

matt miller, thanks for being here. much appreciated. >> more to come, including a report you have not seen anywhere else. footage of an important interview from julia ainsley. you have not seen that anywhere. stay with us. that's next. not seen that anyw. stay with us that's next. [upbeat music] no matter how much you clean, does your house still smell stuffy? that's because your home is filled with soft surfaces that trap odors and release them back into the room. so, try febreze fabric refresher febreze finds odors trapped in fabrics (bubbles popping) and cleans them away as it dries. use febreze every time you tidy up to keep your whole house smelling fresh air clean. fabric refresher even works for clothes you want to wear another day. make febreze part of your clean routine for whole home freshness. ♪la la la la la. if you have moderate to severe plaque psoriasis, every day can begin with flakes. it's a reminder of your struggles with psoriasis. but what if your psoriasis symptoms didn't follow you around? that'

joyce vance and matt miller. former spokesman for eric holder and msnbc contributor. these are the five things that democrats want to focus on in their probe of mr. mueller. donald trump repeatedly directing don mcdan to fire robert mueller and deny he had been told to fire robert mueller and direct jeff sessions to limit the investigation and let sessions know he is fired if he doesn't meet with lewandowski and witness tampering with them. is that the right place to go to focus on the obstruction. >> it is absolutely the right place. mueller identified 10 potential incidents of obstruction over the report. these five pieces are three of those issues and they are the strongest arguments for obstructi obstruction. they are all meritorious for prosecuti prosecution. >> you have a president here who but for being president would probably have been prosecuted for obstruction on these 10 counts. he has his former lawyer in prison for committing a crime that we now know he actively participated in organization straighting. a maybe they should look at the memo who said a pre

matt miller is on his way to that event. after the fireworks have died down, we get the jobs report for the month of june. payrolls are expected to rebound. lots on the data front to reach out for. we have data out of the asia session in terms of manufacturing pmi's. some of that continues in europe. spanish weaker than anticipated. jeremy is still with me here onset. i mentioned the spanish number. manufacturing pmi falling to 47.9%. much worse than anticipated. the euro is weak. but that's a strong dollar story, really. jeremy: that is a strong dollar story. seen the euro take a weaker story. and they have come to some resolution, not only the but theip of europe, difficulty in terms of concluding a leaguer dish leader for the ecb -- leader for the ecb. that's a more pertinent and issue -- pertinent issue. it is the case, the vagueness saying- weakness we're is causing headwinds and we're back under the -- anna: we have had week pmi data -- weak pmi data, and cratering pmi's in terms of perhaps of over-the-top title, certa

. ♪ matt: this is "bloomberg daybreak: europe." i am matt miller in berlin. china's top hong kong policy office will give a rare briefing in just over an hour's time, just after the eighth straight weekend of protests. police deployed tear and rubber bullets yesterday to clear thousands of protesters out. a bloomberg senior reporter joins us from hong kong. how bad was it this weekend? >> the thing about this weekend was that it was unpredictable. protests at the airport, then out in the new territories on saturday. sunday, there was a protest that started right here in front of this central building in hong kong. part of it splintered off to a shopping district to the east and some of it through a residential district at the bottom of which stands the liaison office, the beijing representational office in hong kong that was the office that was defaced by protesters last weekend. this weekend, the protesters surrounded by these big barriers containing water, but there were enough protesters that were in their that police decided they had to disperse them with

i am matt miller here in berlin on alongside anna edwards in london. anna: 30 minutes into the trading day. let us look at some of the corporate. eatof the stoxx 600, just is up by 24%. london stock exchanges swooping in on rive another stock. delivery hero up because of just eat the cousin they compete in the same business. reversing earlier losses despite beginning the predator. moving up. likewise on the london stock exchange. up by 2.9% after the numbers coming through from that particular low-cost airline. looking at the downside. the big mover is coming from heineken. we mentioned this in our headlines. down by 5%. refour down.car the weather has turned a little since then. that is the story around beer making. irish banking sector. let us get a bloomberg first word news update. the u.k. has deployed a destroyer to protect shipping in the strait of hormuz. iransthe move comes as and european powers met to discuss the nuclear deal which the u.s. abandon last year. ofnce -- in defiance president trump suggestion he may pose retaliatory tariffs on f

i am anna edwards alongside matt miller. >> the markets say there is gold in holding silver. the ratio is starting to break down as silver gets buoyed. european futures point to a negative the cash trade less than 30 minutes away. >>

matt miller is on assignment over in boston. it is fourth of july, congratulations, if you are celebrating. the equity markets, lower volumes than usually expected, the u.s. is out today, no cash on equities or treasuries. mtso -- metso in finland up by 4%. ellis up by 4.5%. sham lichtked -- o confirmed they had done a deal with some privacy equity businesses and goes higher. we have got some italian ranking stocks up. the ftse mid is up. let's have a look at the downsides, we get some ex-dividends as usual to distract us. drawag is one of those you -- one of those. they had numbers earlier out today. this is interesting because they are reading on primark. in thatanything people space were watching. anybodysomething exposed to the retail sector can look into. first word news with debra mao in hong kong. president trump has resumed his attacks on china and the european union. he claims both are manipulating their currencies to gain an unfair advantage. he tweeted that beijing and brussels are pumping cash into the system, saying

i want to bring in matt miller, a former official in the obama administration under eric holder. and relevant here when i mention this almost never happens, the last attorney general to be held in contempt was your boss, eric holder under different circumstances. what does it mean to the democrats that they have gone forward tonight with all this other debate on impeachment and this condemnation of president trump last night to now also hold these two officials in contempt? >> let me start with a slight correction. bill barr was the last ag to be held in contempt. he's been held in civil contempt, now criminal. in some sense he's a returning champion here. >> i would quibble back with you and say, it's only happened to two attorneys general the photo being these two. >> exactly. look, the fact he's been held in criminal contempt is largely symbolic. criminal contempt would require for there to be any sofrs enforcement action for the district of columbia to try to prosecute the attorney general, her boss. she's not going to do that. so that part's symbolic. >> let's pause on that.