the uk government has prepared a dealfor rupert the uk government has prepared a deal for rupert murdoch's 21st century fox to buy sky. the british broadcaster has been the subject of a fierce bidding war between fox and comcast. comcast‘s bid has already been cleared. japan is suffering one of the worst natural disasters in years. 200 people have lost their lives and 70,001st responders continue to search for the missing. as rescue operations go on and people begin to rebuild their lives, officials are only determining the financial cost to the economy. earlier i asked an expert from a university what the damage the economy has been so far. firstly, of course, the physical damage that's been caused but secondly i would say the distribution network that's been truncated particularly in western japan and companies that have obeys there, for example, like master, in hiroshima, is suffering and is likely to continue to suffer on the back of this and thirdly the religious text —— like hiroshima. —— like mazda. in thailand this happened years ago and it impacted the supply chain major

rupert murdoch is a supporter of trump. this is what he had to say about what is happening to britain and europe. pres. trump: i think the immigration, allowing the immigration to take place in europe is a shame. i think it changed the fabric of europe. unless you act very quickly, it is never going to be what it was. i don't mean that in a positive way. amy: "and i don't mean that in a positive way," said trump, that immigration is changing the fabric of europea. sh, if you could respond? >> you know what? immigration has tremendously change the fabric of this country. immigration is what built our nhs, when britain invited people from the commonwealth, from nations that had formerly colonized, in order to rebuild this country after the ravages of the second world war. without immigration, we would not have the national health service. we would not have a functioning civil service, social and health care service. we would not have teachers. we would not have bus drivers. we would not have lawyers. we would not have all of

, rupert murdoch, who owns the sun, it gets into the water supply. he then softens it, pulls it back a little bit. he doesn't deny it. he said the sun was fake news but then he said, well, actually, it was mostly fine, it was generally fine. they reported what i said. yes, it was correct. he didn't demure from what he said about boris johnson being a great prime minister and he didn't demure from these extreme views, perhaps not extreme in america but certainly extreme form british and european ears about immigration being bad and weakening the culture of europe. —— extreme for. very alt—right views. the culture of europe. —— extreme for. very alt-right views. let's look at the sun. we have mentioned ita look at the sun. we have mentioned it a couple of times. after that bombshell interview, their own, it has to be said, fake schmooze. trump praises theresa may but doesn't backtrack over brexit, terror and auras. it prevails upon the person who is criticising to be very decent about it and not take offence, because that would be churlish. a

the story,said in rupert murdoch is laughing all the way to the bank. jason: i love the details you had about the meeting of the minds between murdoch and eiger. you were at sun valley where there was a lot of this happening behind the scenes. >> this came down to eight relationship between rupert murdoch and bob iger. it was interesting to know who was hanging out with you. went and had breakfast with rupert murdoch a prominent table on the first day. that is a bold move. alix: can we glean anything from the fact that bob iger said, you let me have fox and you can take sky? you can rebid. is that the horse trading that went on? not allowed to talk to comcast as part of the agreement. maintains his agreement did not allow him to do that. if you're rupert murdoch, that might have driven down the price. you do not want that. talk that disney may let them have it but there's nothing to stop disney to make its own offer first guy. bob -- for sky. bob iger did say he thought it was the crown jewel. i do not know if he is going to go away so easily. jason: yo

the next move is up to rupert murdoch. he will have to decide whether to increase fox's takeover bid comcast hasthat topped its original bid with a $34 billion offer. it's the latest move in international m&a fight. both wantd disney fox's entertainment assets. appear to be encouraged by the departure of papa john's founder and chairman john schnatter. shares are higher today. he resigned yesterday over his use of a racist slur. his resignation comes in months after he left his ceo role for critical comments about the nfl's national anthem protests. that is your latest bloomberg business flash. mark: we are four minutes and six seconds from the end of the thursday session. stocks rising in europe today. getting for the seventh day after the big drug yesterday. the concern yesterday was trade. speculation that talks between the u.s. and china will be forthcoming. check out the currency board today. the big political event today with the release of the white brexit paper. this is bloomberg. ♪ mark: i'm mark barton. this is

also in the programme — rupert murdoch's 21st century fox raises it's bid to take full control of european tv giant sky as it tries to turn off a rival bid from comcast. finding yourfashion. do you want the latest clothes from the catwalk but don't know where to look? we'll speak to the woman whose website it helping smaller labels reach bigger audiences. and as retailers celebrate their own world cup bonanza, today we want to know — what are you spending more on as you celebrate your team s progress in the world cup? let us know — just use #bbcbizlive. hello and welcome to business live. the united states has stepped up it's trade war with china with plans for tariffs on another $200 billion worth of chinese goods. it says its taking the action because china retaliated against the tariffs that washington began imposing last week. president trump ordered those because of what he says is china's intellectual property theft and unfair trade practices. the new import tariffs of 10% could come into force as early as september after a window for public comments closes. more than 6,000 produ

offer from walt disney for the bulk of rupert murdoch's empire. u.s., the trump administration has pushed ahead impose over 200 billion in tariffs. the chinese ministry has called the move unacceptable and says they will forced to retaliate. they did not give details of what measures are planned. u.k., eurosceptic conservatives are considering a radical last-ditch move that could bring down the minority government. ,ccording to senior tories brexiteers who want a more decisive splits have only one choice. two votes down the final withdrawal agreement. may want to keep britain in a closed trading partnership with the eu, despite the resignation of two cabinet ministers in protest. government sees oil production climbing next year, even admit transportation logjams and the most prolific shale play. they expect american crude output to average 11.8 million barrels a day, up from 11.76 barrels a day in the june outlook. this forecast would make the u.s. the world's leading crude producer. ofestors have pulled a total $580 million from bond funds in th

murdoch owned, rupert murdoch is the head of 21st century fox the parent of this network. and president trump said whatever the prime minister wants to do with brexit is okay with me. let us bring in labour party member who pushed for brexit during the referendum and is a member of the british parliament. welcome, do tell, how are the british absorbing first the president's interview in the sun, by the way a rupert murdoch owned paper and now his reversal during which he lavished pray on prime minister may? -- lavished praise on prime minister may? >> we have this white paper produced by the government going into great detail on how we will continue our negotiations. you know, we voted to leave over two years ago and this has taken all this time to get to this stage where we're now into details -- or will be in detailed negotiations with the eu. i think what trump said in the newspaper he probably meant. i think there would be a lot of people who voted to leave would share his concerns that perhaps if we go down in detail the way the white paper implies, it would make it e

we should point out the interesting thing is that fox chairman rupert murdoch, fox is 21st century fox as you know owns fox business and fox news. he's at this company conference, so is bob iger, the chief of disney, so is brian roberts and from what i understand brian roberts and bob iger aren't on great speaking terms these days, and i'll tell you liz, deal talk is rampant here, all the major ceo's are here as i reported earlier on cavuto. sin clair, there's a deal going right now to buy the tribune assets a lot of people think that could be done getting the seal of approval from the fcc as early as friday. one of the top executives of sin clair could be here as well, so they're all here. i thought i saw jack dorsey, the ceo of twitter, the tall good looking guy with a beard sitting next to me at lunch. i've been told by people close to twitter that was not him. liz: no he's not that tall i don't think so. charlie: i know how much you love him. liz: well listen we were the first network to put twitter on the air back in 2008 during our first three days in the valley coverage, so yeah

let's remember a key player, rupert murdoch. it is a murdock publication that printed this piece last night as trump was here. shine along with "fox news" has shown he can't control this president like any other advisor. >> thank you very much. jonathan lemire of the "associated press." >> thanks, jonathan. >>> amid outrage over family separations at the border, the trump administration stated it has reunited 57 out of 103 migrant children under the age of five with their parents. the u.s. district judge imposed a series of deadlines for the administration to reunite nearly 3,000 children separated from their families of the 103 children under the age of five, 46 of them were acknowledged by the court to be ineligible for reunification. according to nbc news, 12 parents who have been deported remain separated from their young children. when asked if deported parent would see their kids again, this is extraordinary, officials from dhs and hhs told reporters they are under, quote, no obligation to bring people who have no lawful s

murdoch's fox already owns part of sky but hopes to take control of the entire company comcast is also a boiled in a takeover battle with disney for fox entertainment assets that are being split off from murdoch's empire. the dreams of global bike sharing startup have turned into a nightmare it's filed for bankruptcy in singapore and left tens of thousands of bicycles apparently stranded the company says it still wants to continue doing business but problems with its app means many of the bikes comp be located. that's it for you all the business update i'll be back with even more in the next hour thank you for joining us. on. the. half. more intrigued international talk show for journalists discuss the topic of the week clearly have two dishes in mind nato allies spent on more open display than it this year summit in brussels could front of the fire from president trying to defeat one of the strongest military alliances in history join us for this week's coming up. next on d w. climate change. waste. isn't it time for good news to go out africa people and projects that are changing the

you said to bill shine, who used to work at fox news, who is owned by rupert murdoch and also owns "the sun." >> i have not spoken to him about this interview. i just know i applied for it, i have been speaking to him. >> the timing of it. what impact or brush back to you hear about it coming off. he said out loud that it is up for the people of england to decide. but people close to the would you say were saying. >> they're all in the room, they heard every word. it was an incredibly busy summit. but he wanted to let it roll, he want today keep on talking. you know they heard every word, it surprises me, i suppose, if they thought that would be not difficult. it is not unpleasant. he talks about his love for britain, his love for the queen. he said nothing negative about her as a person, he said he respected her, but if you want to think anyone that has done politics one on one will cause trouble. especially when you're arriving and taking someone's hospitality for the next day. we have more manners, and it seems a tad discourteous to drop that hand grenade when your host has done out

"the sun" owned by rupert murdoch. the president had gushing words for theresa may's main political rival. boris johnson. he was foreign secretary until last week. he quit over the brexit negotiation. the president made sure to say in the inter sview he thinks bos johnson is the best candidate for prime minister. imagine someone coming to the united states saying i think hillary clinton would be a great president. i'm not trying to sow dissent. as you note, this is happening as the protests are going on around london. you saw a picture of the balloon. the president critical of the protests saying they make him feel unwelcome and critical of the london mayor khan. saying you want me to crackdown on free speech? this is what the people feel. the president avoiding the city and avoiding london because he feels unwelcome. just beginning of what will be a remarkable day. guys, i'm watching the body language with theresa may and donald trump. they looked friendly last night and looked friendly in brussels. i'm not sure it wi

murdoch that it wouldn't pass the f.c.c. i should say antitrust muster here in the in the united states with the regulators so they wanted the disney deal they got that is in deal now the new jim here is sky sky is a pay per view content provider throughout europe five countries twenty five million subscribers and fox owns thirty nine percent of sky so does this go to acquire thirty nine percent of sky disney would like the rest of it comcast would like to buy sky comcast is probably going to get the sixty one percent that disney isn't going to get so they're going to have two companies that are going to have to work together or or here's a solution that's being bandied about hulu an o t t of course you know hulu that provides programming as well through streaming and. abs and internet etc this thing already owns thirty percent approximately comcast own thirty percent fox owns the rest so this is going to wind up owning over sixty percent of hulu so comcast will keep their thirty how about comcast gives their rest of hulu to

we will talk more about rupert murdoch's position in the media business. he got a lot of praise from the other executives in sun valley, at least one of the other executives that on valley. that is your business lash update. lisa: coming up in your deals report, we will hear from our exclusive interview today with platform specialty products chair martin franklin. the company just agreed to sell $14.3 its units for fou billion in cash. you can also follow our charts on the bloomberg and become part of the conversation. if you want to see dartmouth college professor danny blanchflower talking about donald trumps comments on the federal reserve, you can go to that and interact with us directly. from new york, this is bloomberg. ♪ ♪ two, down and back up. our phones are more than just phones. they are pocket sized personal trainers... last minute gift finders... siri: destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which could save you hunreds of dollars a y

>> you know rupert murdoch, do you think he's set on disney at this point >> i think every indication is that rupert prefers disney >> i think that he believes in bob's vision more. i think he probably likes the idea of getting disney's stock and being a large shareholder in disney, but i do think that rupert is not quite -- rupert is a meaningful voice, and i think he has 17, 18% of the economic worth and it's not 30 or 40%. >> do you think that brian roberts could change his mind? >> with enough cash, absolutely. >> what about sky? who ends up getting sky? >> well, i think that this is in some ways a game of three-dimensional chess and it is ultimately, you know, it's weird because everybody talks about saying who wins? >> it's not winning. who wants to bid more money for it who has a bigger appetite? who is willing to take on more debt to do it and constrain more balance sheet and i think there are still a couple of rounds to go. >> if you were a shareholder which deal would you be more likely to approve? >> i would take whichever one was higher >> the higher price. i'm not a very

and all cash offer to rupert murdoch versus the cash and stock offer. this could play an element in terms of decision-making. if -- this could be the trump-like bid. favoredt murdoch has the offer from disney for fox because of that stock aliment as you pointed out. it will be interesting to see if comcast comes back and changes the composition of its bid and makes it more attract. -- attractive. for being withu us there. our media reporter on the battle fox agreeing to buy sky for an increased offer of 14 pounds a share. on the trade story from china. when we look at one of the conversations anna and i have forliterally every day now the past three months, we talk about the yuan, the onshore and offshore yuan is being challenged. everything -- everyone we have spoken to say they will not weaponize the yuan. that is an extreme scenario. would you agree that they do not a rerun ofe 2015-2016 weaponize and the yuan? guest: we agree. we do not think they will want to go back to that painful experience. capital controls are more effective but they are not 1

comcast dropped its bid for rupert murdoch's 21st century fox, clearing the way for bob iger's $85.1 billion at edition. so what comes next? to have you with us. the first question would be what would happen to sky? >> it seems like the fox situation has been cleared up. disney is probably going to close that deal. they have regulatory approval. off sky may be disney backs of that. maybe they decide we will just let comcast have it given where the prices have gotten to for this deal. it possible that disney continues pursuing it. they have said that it is the crown jewel. i think we are getting to the point where there's a lot of egg numbers involved here and disney had to end up offering cash. when they are looking at their balance sheet and thinking about the debt that they didn't want to take on to do this may be selling fox's stake in sky would be a way to raise cash and get things back to where they wanted. shery: what does it mean for comcast? will they tried to take over other targets? >> i think so. everyone is on the hunt for more content. everyone wants to own entertainment

of course, disney already has the doj approval for fox this could support rupert murdoch's original comment that he thinks that disney has more regulatory potential to be approved and the fox deal has been approved and comcast may come back with another offer and now that we see this announcement of an appeal and there is a higher likelihood of a regulatory roadblock and judge leon ruled so definitively in favor of consolidation in sgren ral. so i think the key thing is that at&t, time warner, the vertical merger and comcast/fox will be a horizontal and a vertical merger whereas disney it's much more of a disney-fox has been appealed -- i'm sorry, has a ready been approved. a lot has called into question and there is also the fact that randall stevenson said it directly they don't think that an appeal has a shot because the judge was so definitive in his original ruling >> all right julia, thank you julia boorstin in sun valley a couple of issues here, of course, what does it mean for at&t that is most obvious and what does it mean for fox and what whole drama is still unfolding here. >> i

and the two deals that are most in focus are fox and sky particularly sky with rupert murdoch upping the bid for the remainder of sky just this morning. comcast ryan roberts is also here and sources tell us that comcast will quickly counter the higher offer for sky that fox made. when we caught rupert murdoch heading into the conference we asked him if he is willing to engage in a bidding war. >> how high are you willing to go for sky >> we'll see. >> another company potentially in play is group on. ceo would not comment on reports that he is interested in buying groupon but did say the ownership benefits a wide range of companies and praised the potential. >> i think groupon is a great company with a great leader. i think it is a very interesting market with a lot of potential. i think that groupon will do well no matter what situation they are in. >> in addition jeff bezos is here amid buzz that amazon could buy a media company. another potential deal makerr t companies including charter communications. >>> right now many of the moguls are out biking or hiking, but many are also be

win fox chairma rupert murdoch an comcast ceo brian roberts both here. fox upped his offer to sky to top comcast's bid and comcast is expected to counter quickly. we asked murdoch if this could spark a bidding war? >> how high are you willing to go for sky?s >> tha it. >> that's it? not higher? >> we will see. >> the battl f for and sky imd the completion of at&t's acquisition of warner are expected to kick off the next wave of deals and the growing valuations of fox and sky speak to the growing value of premium content companies and thef scarcity acquisition target. >> there is an expectation that there's going to be more m and a terms the board just in of the media landscape. there have been a lot of deals that have happened a there's a lot of deals in process and there's only a limited amount of beach frontperty out there and when you think about what you're seeing in terms of some of the bleding cand the things happening today, the companies are trying to stay with thers consumend stay with scale. >> who are potential buyers? barry dillard, o chairma

. >> and of course rupert murdoch owns the wa"the wall street jou which but were writing for and one of her biggest investors. >> she went to him several times, including two weeks before my first story was published. she met with him in his eighth floor office and tried to get him to spike the story. i had no idea she was on the premises. >> what is becoming of elizabeth holmes? what is her fate? >> she has been indicted. she was indicted about ten days ago on wire fraud charges. not just elizabeth holmes but also her ex-boyfriend who was the number two of the company. so unless they reach a plea deal, we are looking at a federal trial and prosecutors will look to prove those fraud charges and she will try to convince a jury that she didn't do anything wrong, that all she was trying to do was build a company and that unfortunately the company failed, but that doesn't mean it was criminal. >> what would have happened if you hadn't called her out? >> that's an interesting question. when i started digging into the company, walgreens was on the cusp of taking their partnership national,

the government has given approval for rupert murdoch's bid to take complete control of the broadcaster sky. mr murdoch's company, 21st century fox, has agreed to sell sky news to address concerns about the extent of his influence over the uk media. fox is locked in a multi—billion pound bidding war with the us cable giant comcast for control of the broadcaster. the labour mp jarrod the labour mpjarrod oman, suspended over alleged misogynistic and homophobic comments, has resigned from the party. he was reinstated on tuesday and given a warning but he said the investigation wasn't there. in an open letter to his constituency said he would remain an mp and ask for understanding and sympathy. one of the british divers who helped find 12 boys trapped in a cave for more than two weeks in northern thailand has been speaking publicly about his part in the remarkable rescue mission. john volanthen, who helped lead them out, said it was a huge relief the boys had all been brought out alive. our correspondentjon kay has the details. quietly, modestly, with all his diving gearjohn volanthen ret

president donald trump by rupert murdoch's tabloid the sun gave a bang bang with the silver ammar to u.k. prime minister teresa mayes wobbling government on the eve of their formal talks which occurred today in the interview mr trump criticized ms may's angling a brecht that telling the tabloid quote i actually told theresa may how to do it but she didn't agree she didn't listen to me but wait there's more take a listen to this from the exclusive interview with the sun. the well if they do a deal like that it will most likely because we'll be dealing with the. european union instead of dealing with the u.k. so it will probably kill the deal with if they do that their trade deal with the us is will probably not be made. no content no nothing really undercut ms mae more than that then that than the softer exit plan and mr trump saying that stuff there at the trade deal is going to actually happen without the without the u.k. that's a big blow to her and having the supporters have leaned hard on the argument that a harbor exit would open the door to a trade deal with the u.s. that could

and it was carried out in brussels by rupert murdoch's paper who has broadly supported donald trump with his media establishments in the us. donald trump knew what he was doing, sending a clear message. what about the line on borisjohnson? do you think that will have an impact? and the prime minister is due to meet donald trump again to host him at chequers, the official country residence of the prime minister. this is the problem for theresa may. borisjohnson is this is the problem for theresa may. boris johnson is an this is the problem for theresa may. borisjohnson is an archrival of hers who just resigned in an insulting letter and donald trump is not only praising him but has hiked rumours that he may meet or call him which would undercut the prime minister's leadership completely. now she needs to go into a meeting with donald trump at chequers at a place where he has said things that pushes her closer to the cliff of her government falling. that makes her government falling. that makes her look weak domestic league and at the same time the british government is very worried until

rupert murdoch an idiot, calling rupert murdoch the purveyor of fake news because you had the "wall street journal," fox news, the "new york post "attacking the president for being putin's p s patsy, putin's poodle. the most surprising things and i want to get your reaction if you agreed with the "wall street journal" editorial page that congress needs to implement a containment policy, not only for vladimir putin, but for donald trump. >> well, joe, there are a number of us who warned about this. we said why would you send in donald trump who prides himself on not doing any preparation against a trained kgb agent, 18 years as leader of his country. we would come in prepped and i was terrified and i think this may have been what happened, putin will come in with facts, with details, might have come in with a map of ukraine and syria and trump got played, he got played for a fool and he embarrassed our country and frankly embarrassed lots of my colleagues across the board, democrats, republicans alike, so we are going to need to figure out ways to put some constraints. we took some a

the government has given approval for rupert murdoch's bid to take complete control of the broadcaster sky. mr murdoch's company, 21st century fox, has agreed to sell sky news to address concerns about the extent of his influence over the uk media. fox is locked in a multi—billion—pound bidding war with the us cable giant comcast for control of the broadcaster. now, one of the british divers who helped find 12 boys trapped in a cave for more than two weeks in northern thailand has been speaking publicly about his part in the remarkable rescue mission. john volanthen, who helped lead them out, said it was a huge relief the boys had all been brought out alive. our correspondent jon kay has the story. quietly, modestly, with all his diving gearjohn volanthen returned to britain. praised by strangers. we were pleased it worked out. but playing down what he'd done. we're not heroes. what we do is very calculating, very calm, it's quite the opposite. we take it one step at a time and, hopefully, as we've managed to in this case, we come up with a result. and what a result. how many of yo

the bbc has learnt that rupert murdoch's 21st century fox is thought unlikely to outbid the us giant for the uk and europe's biggest pay—tv company. if the deal goes through, it will end the murdoch family's long and sometimes controversial pursuit for full control of sky. the government chief whip in the house of commons, julian smith, is facing calls to resign following allegations that he used underhand tactics during this week's parliamentary votes on brexit. the conservative party chairman brandon lewis has apologised after casting a vote despite an agreement that he would not take part. the agreement, known as pairing, means that mps in opposing parties can both abstain, thereby not altering the outcome. there have been reports that pressure was put on other conservative mps to vote, despite being paired, in order to deliver a narrow win for theresa may. our deputy political editor john pienaar is at westminster. what has been going on? theresa may has lost two cabinet ministers in the past fortnight over brexit and today, downing street had to fend off labour demands for two

murdoch's fox already owns parts of sky but hopes to take control of the entire company comcast is also embroiled in a takeover battle with disney for fox entertainment assets that are being split off from murdoch's empire. businesses are grappling with europe's migration debate germany's interior minister wants asylum seekers at the border center back but there is a catch germany is in the schengen area which means open borders allowing for the free flow of people goods and services stricter controls threaten the concept of just in time cross a border supply chains business warns millions of euros are at stake. this truck from hungary has arrived just in time the products are needed by the company. and germany's southwestern state of boston verdant panic the german company produces fans for example to be used in air conditioners showing the work with the hungry and plant makes the end product competitive supply chain delays due to new border controls would make the fans more expensive. this will be if we had a plan for one and two more days in the supply chain then we'd need to build a

rupert murdoch's 21st century fox has increased its offer for uk broadcaster sky to {211.5 billion, topping a previous offer from rival bidder comcast. fox is expecting to get regulatory approval for the deal this week. but some analysts are expecting a counter offerfrom comcast soon, which made a £22 billion bid for sky back in february. joining me know is laith khalaf, who's the senior analyst at hargreaves la nsdown. laith, why do both comcast and fox want sky so badly? good afternoon, rachel. sky basically, they are both offer a pretty lucrative european business. what is pricing is how much they are willing to pay for that business, and the price tag hasjust willing to pay for that business, and the price tag has just been ratcheting up echoes obviously they are battling each other but also in the background of course, these big traditional media companies also battling netflix, and amazon who have really stolen a march on them, in terms of content and subscribers. we mention fox is looking to get regulatory approval in the uk this week for a deal, they have been trying to get it sinc

president donald trump by rupert murdoch's tabloid the sun gave a bang bang with a silver ammar to u.k. prime minister teresa mayes wobbling government on the eve of their formal talks which occurred today in the interview mr trump criticized ms may's annulling a brecht that telling the tabloid quote i actually told theresa may how to do it but she didn't agree she didn't listen to me but wait there's more take a listen to this from the exclusive interview with the sun. if you are afraid do a deal like that it will most likely because we'll be dealing with the. european union instead of dealing with the u.k. so it will probably kill the deal with if they do that their trade deal with the us it will probably not be in their. no content no nothing really undercut ms mae more than that then that than the softer exit plan and mr trump saying that stuff there at the trade deal is going to actually happen with out the without the u.k. that's a big blow to her and having the supporters have leaned hard on the argument that a harbor exit would open the door to a trade deal with the u.s. that c

murdoch that it wouldn't pass f.c.c. i should say antitrust muster here in the in the united states with the regulators so they wanted the disney deal they got the does it deal now the new g.m. here is sky sky is a pay per view content provider throughout europe five countries twenty five million subscribers and fox owns thirty nine percent of sky so does this go to acquire thirty nine percent of sky disney would like the rest of it comcast would like to buy sky comcast is probably going to get the sixty one percent that disney is in good to get so they're going to have two companies that are going to have to work together or or here's a solution that's being bandied about hulu an o t t of course you know hulu. that provides programming as well through streaming and webs and internet etc this thing already owns thirty percent approximately contests owns thirty percent fox owns the rest so does is going to wind up owning over sixty percent of hulu so comcast will keep their thirty how about comcast gives their rest of hul

murdoch that it wouldn't pass the f.c.c. i should say antitrust muster here in the in the united states with the regulators so they wanted the disney deal they got the disney deal now the new g.m. here is sky sky is a pay per view content provider throughout europe five countries twenty five million subscribers and fox owns thirty nine percent of sky so does is. good to acquire thirty nine percent of sky disney would like the rest of it comcast would like to buy sky comcast is probably going to get the sixty one percent that disney isn't going to get so they're going to have two companies that are going to have to work together or or here's a solution that's being bandied about hulu an o t t of course you know hulu that provides programming as well through streaming and webs and internet etc this thing already owns thirty percent approximately comcast own thirty percent fox owns the rest so this is going to wind up owning over sixty percent of hulu so comcast will keep their thirty how about comcast gives their rest of hulu

>> another question, will rupert murdoch have the stomach to actually increase his own bid? it puts thenute, ball back in his court and it comes down to strategy if they think that comcast will settle on sky. >> still to come, a divided opec . ♪ it's 830 a.m. here in sydney. markets are opening up just in 90 minutes time. futures pointing lower by a 10th of 1%. in new york it's just past 6:30 p.m.. you're watching daybreak australia. >> as the trump administration steps up its trade war, u.s. trade just china are said to have ground to a halt. we are told there have been three rounds of formal negotiations since may but treasury secretary steven mnuchin. communications have dried up and there are no immediate plans to resume contact. china said president trump's disregard for rules could have catastrophic consequences for the wto. situation is an issue. he said the wto collapses the world economy would decline by two have percent and 60% of global trade could that disappear. president trump also has his eye on nato. not content with parading his allies about defense spendi

best finery, just as the president was arriving last night, that article in the uk newspaper the sun, rupert murdoch owns fox news, donald trump said theresa may's plan for a soft brexit, britain leaving the european union would end up in the cancellation of any trade deals with the uk. here's what the president said in that interview. >> most likely dealing with the european union dealing with the uk. we are cracking down right now in the european union because they have not treated the united states fairly. i would have done it differently. i told theresa may how to do it but she didn't listen to me. >> reporter: theresa may's plan led to the departure of the foreign secretary, boris johnson earlier this week, a hard brexit guy. the president through something boris johnson's way is theresa may fight for her political life in the uk, the president suggested boris johnson would make a great prime minister. >> a very talented guy was leaving government. and a great representative for the country. i think it would be a great prime minister, he has what it takes and a great attitude to be a gr

in the interview with the british tab ligloid "the sun" o by rupert murdoch. the president undermined the position that he has with theresa may. he said he would do it differently and she is not taking his advice. once more, the president lavi lavished praise on her political rival saying boris johnson would be a great prime minister. he ripped the london mayor on the stance for immigration. he said europe is losing its culture. think about that. i wonder what that means. on top of that, the president is complaining about feeling unwelcome in london because of all of the public protests. many baby balloon is still flying. thousands of people expected on the streets of london today where the president conspicuo conspicuously will not be, he says he feels unwelcome. it is unclear what the president was trying to do with the interview, but he up ended his meeting here. >> the president with this interview undercut her on her own turf and said things as politically damaging to a weakened prime minister here in london as you can get. he criticized her plan for brex

you have rupert murdoch selling his company. a deal was just approved today with disney acquiring fox. using time warner acquire at&t. the reasons why all of these transactions are rushed to merge is happening is because the landscape or media is changing. consumer behavior is rapidly shifting away from linear tv, away from big bundles of content. we have always thought that the most logical decision for viacom and cbs was to merge. these two companies share a lot of history. they make sense together. movie, cbsakes the makes the tv shows. one has a movie studio one has a tv studio. they fit perfectly together. it gives them more scale. disney or at&t scale they need to get bigger for sure, but these are two building blocks that would definitely fit better together. i think hopefully as we look out over the next six to nine months, they finally do come together because it has been crazy how they have been yearsng over the last two on a transaction that makes a tremendous amount of logic. >> the market seems to be cbseing with yo

president donald trump by rupert murdoch's tabloid the sun gave a bang bang with a silver ammar to u.k. prime minister teresa mayes wobbling government on the eve of their formal talks which occurred today in the interview mr trump criticized his mates ambling a brecht that telling the tabloid quote i actually told theresa may how to do it but she didn't agree she didn't listen to me but wait there's more take a listen to this from the exclusive interview with the sun if you will this may do a deal like that it will most likely because we'll be dealing with the. european union and sort of dealing with the u.k. so it will probably kill the deal with if they do that their trade deal with the us is will probably not be a good. no content no nothing really undercut ms man more than that and that than the soft bricks of planet mr trump saying that stuff there are you know if a trade deal is going to actually happen without the without the u.k. that's a big blow to her and having the supporters have leaned hard on the argument that a harbor exit would open the door to a trade deal with the u

this is another rupert murdoch outlet. here's donald trump claiming that an interview he did on tape with the sun is fake news. take a listen. >> didn't criticize the prime minister. i have a lot of respect for the prime minister. unfortunately, it was a story that was done which was generally fine, but it didn't put in what i said about the prime minister. i said tremendous things. fortunately, we tend to record stories so we have it for your enjoyment if you like it. it's called fake news. we solve a lot of problems with the good old recording instrument. >> the recording instrument to him saying the thing he said. but the sun responded -- we stand by our reporting and the quotes we used, including those where the president was positive about the prime minister. they're conceding to him. they said no, no, no. we did put the positive stuff in the paper and the audio and were delighted that he retracted his original charge against the paper. then they go, to say the president used fake news with any serious intent is well,

could be 55-year-old rupert murdoch. he is in the process of building the most extensive media empire in history. >> it was presumed to be complete and rupert murdoch having disrupted the newspaper business in australia and television business in britain. i don't see why there should only be three broadcast networks. he says i'm going to make another broadcast network. >> meantime, he will have to become an american citizen if he is to own tv stations here. something murdoch says he is willing to do. >> some people are saying it will take you 20 years to get your fox network on par with the big three. are you prepared to wait that long? >> sure, i intend to live that long, but i don't believe in the 20 years. >> the reaction to murdoch's idea of a fourth network was like ted turner starting cnn. it's ridiculous. what does he know about television? >> we don't have to reach everyone. there's no question we have an inferior lineup of stations to our counterparts. it means we have to work harder to get our message across an

this is almost a pinging pong match between rupert murdoch and brian roberts. this is the fourth offer. two from each side in the past 18 months. both media moguls motivated on getting ahold of sky. both brian roberts and brian murdoch are here. they are all here together. they are listening to expert speakers. one of the most of appreciated talks this morning was on crypto currencies. but the side show was the deal making. we have seen a lot of things come together in past years year. going back to 1995 when you had capital merging with disney. you had jeff bezos agreeing to buy the washington post and amazon agreeing to buy yahoo. a lot of people connecting aside from the initial conference. the bidding war breaking pout for sky is it serves as almost a proxy for the larger battle for fox entertainment assets. who is going to get it? comcast or disney? as of the moment disney does seem to be in the lead. disney's offer has been one of cash and stock. 71 to 72 billion dollars. for the moment comcast is an all cash deal. a lot of wheeling and dealing. and somet

during dinner the rupert murdoch son came out with this. an interview that trump have given them which under cut trump's dinner host, theresa may, her approach to brexit and trade. >> i would have done it differently. i told theresa may how to do it but she did not listen to me >> what did you say? >> no, i told her how to do it. that'll be up to her to say. i told her how to do it and she wanted to go a different route. >> so you are prepare to walk away? >> absolutely. i think what's going on is very unfortunate. >> that was the president threaten to pull out the deal. trump and may, a reminder are set to meet again tomorrow for lunch and making lunch less uncomfortable. this is a clean up effort tonight of the white house from the press secretary. the president likes and respects prime minister may very much. as he said in his interview with the son, he's a very good person and he never said anything bad about her. he thought she was great on nato today and is a terrific person. she's thankful for the wonderful welcome from the prime min

murdoch showed to disney. comcast again chooses, would be the case to focus solely on buying sky, british broadcaster with a deal for 14.75. it would be $34 billion overall were they to buy all of sky. 39% of it is owned by fox, and fox and disney had bid $14 for the other 61% that floats publicly that's not the winning bid right now. the question is will disney choose to compete there. we told you on friday they seem to make it clear that's a possibility that may not be realized in saying that any increase in debt financing would require disney consent which disney may elect not to provide. the high likelihood now is it's all over fox is going to disney, and more likely than not sky is going to go to comcast, putting to rest for now at least what had been an incredible battle in media and raising the prospect that down the road disney could sell the 39% of sky to comcast, alternatively as well or part of it, comcast could choose to sell 30% of hulu to disney which will be consolidating its ownership when it b

could be 55-year-old rupert murdoch. he is in the process of building the most extensive media empire in history. a huge development in television, many of the broadcast networks it was rooms to have been complete. rupert murdoch having interrupted the newspaper. business in australia and television business in britain. i don't see why there should only be three broadcast networks. he says i'm going to make another broadcast network. >> meantime, he will have to become an american citizen if he is to own tv stations here. something murdoch says he is willing to do. >> some people are saying it will take you 20 years to get your fox network on par with the big three. are you prepared to wait that long? >> sure, i intend to live that long, but i don't believe in the 20 years. >> the reaction to murdoch's idea of a fourth network was like ted turner starting cnn. it's ridiculous. what does he know about television? >> we don't have to reach everyone. there's no question we have an inferior lineup of stations to our counterp

during dinner the rupert murdoch son came out with this. an interview that trump have given them which under cut trump's dinner host, theresa may, her approach to brexit and trade. >> i would have done it differently. i told theresa may how to do it but she did not listen to me >> what did you say? >> no, i told her how to do it. that'll be up to her to say. i told her how to do it and she wanted to go a different route. >> so you are prepare to walk away? >> absolutely. i think what's going on is very unfortunate. >> that was the president threaten to pull out the deal. trump and may, a reminder are set to meet again tomorrow for lunch and making lunch less unconfidentablu uncomfortable. this is a clean up effort tonight of the white house from the press secretary. the president likes and respects prime minister may very much. as he said in his interview with the son, he's a very good person and he never said anything bad about her. he thought she was great on nato today and is a terrific person. she's thankful for the wonderful welcome fr

murdoch on his way to the conference this morning of course, this is fresh on his company's higher bid for sky with comcast now expected to make another counter bid for sky within the next couple of days this could, of course, start with a building war. take a listen to what he said. how high are you willing to go for sky? >> that's it >> reporter: that's it not higher >> we'll see >> reporter: we'll see he is closing the acquisition of time warner. it's all expected to set off another wave of deals. a number of potential buyers headed into the conference this morning, jeff bezos, who wouldn't answer if i considered he was buying a media company. and we saw barry diller whose company is looking to buy groupon. and liberty media's greg methaye is here meeting with various companies and investments. it is not just media moguls here we have the uber ceo here along with soft bank's ceo we were told yesterday that he's interested in artificial intelligence companies and not worried about the triple war with china the big panel this morning happening right now is with bobby kodak, michael bl

murdoch newspaper. we've heard rumors of steve bannon running a war room. this was clearly planned. he is destabilizing the government of the united kingdom. he is meddling in the sovereignty of a country supposed to be an ally. the iraq war, the line was friends are honest with friends. there's no way that the u.s. and united kingdom with this leadership structure right now are friends. those days are over. >> he also said that there is going to be no trade feel may wants to take the route she's taking which is more of a soft brexit approach. and also attacking ca zir kahn, the mayor of london and getting into that and and say aghe doesn't have a hard approach on terrorism, allowing terrorism to take over the city which i thought was. >> london is modernizing but he's talking about race. that's what he's talking about. that's what people in london will see. that's what we're really talking about here is the changing of london and he doesn't like the way that it looks. >> cal perry, we'll talk to you in

rupert murdoch probably encouraged him to be on that side of the issue. they don't have a competitor. they are the influencer over the president of the united states snoochlt. >> without question. they are the voice of the white house. we talked about the normalization. for basically four years, fox news had a stip will of their programming saying barack obama apologized for america. when he went to cairo and gave a relatively nuanced speech about foreign policy. now donald trump is going on the -- saying both sides are to blame and all you get out of fox is one day of pretty mild criticism. >> that doesn't appear to change. because their purpose is not so much media or criticism. it's to support the president. >> what makes it especially dangerous and sinister, it's a siloed out network. you have a third of americans that are solely watching this information source. unlike in the nixon era, where there were a limited number of options, people only get their news from fox news. as you have additional revelations, addition will indictments that come out, a

it will be interesting to see whether rupert murdoch/disney want to raise the offer and come for this asset, as well. some suggest we could go higher or as high as 20, we were hearing earlier. the stock is outperforming this morning. probably in line with the group, but outperforming the market. yesterday.l bouncing we will hear from rio tinto's ceo next. this is bloomberg. ♪ phones have made our lives effortless. streaming "must see tv" has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile saving money is effortless too. it's the only network that combines america's largest most reliable 4g lte with the most wifi hotspots and it can be included with xfinity internet. which could save you hundreds of dollars a year. it's a new kind of network designed to save you money. click, call or visit a store today. guy: stocks stabilizing, europe following asia higher, but not by much. the chinese market up 2%, europe up .2%. u.s. futures are pointing higher after yesterday's performance. president erdogan suggesting rate cuts a