anna: hi. lemonis: hi. anna: how are you? lemonis: how are you? i'm marcus. anna: anna. lemonis: nice to meet you, anna. anna: nice to meet you. lemonis: is this the showroom? anna: yes, please come in. lemonis: okay. anna: marcus, this is susana. lemonis: oh, hi, susana. susana: hi. lemonis: marcus. susana: hi, marcus. nice to meet you. lemonis: how are you? nice to meet you. susana: yeah. lemonis: don't be nervous. you guys manufacture your own stuff? anna: yes. susana: yes. anna: we manufacture in our new jersey factory. sue is responsible for design, and i'm responsible for all operations and sales. lemonis: so you handle production and sales? anna: yes. i'm very capable. lemonis: that's interesting. susana: the front stuff is too emotional for me. anna: sue is the creative engine of the company. susana: yeah. anna: so we don't want to expose her to all the -- you know, all the unpleasant stuff. susana: i don't like to be in the front of things. lemonis: okay. susana: i like to be in my world working. lemonis: you're the artist. susana: yes. i just... anna: she's ver

anna: that's the thing. that is one of the things that makes people say it does not matter, because it has been going on for so long. erik: it is because of trump, right? datadivide between hard and pmi is what we see with global clients all the time. if you asked how their books are and how is life, it is quite good. if you asked them about the future, they get worried. you see it when you break the pmi down into the present situation and the forward-looking part. the forward-looking part in expectations are even weaker. in this works on growth. investment started to slow down so i am with you very much. i'm not the guy who wrote wrote your-- who analysis. anna: i don't know if you describe it as bearish, but mark carney is raising a cautionary hand. this is what he had to say about global growth. of tradetensification tensions have increased downside risk. to both u.k. and global growth. way we conduct policy today is we have to deal with the impact of the uncertainty around those events and how they influ

anna?> anna: thanks very much, olivia. leaders have been meeting through the night to decide who to nominate as head of the commission. bele leaders seem to gravitating to the dutch later, there has been some on the tpp. maria tadeo join just from brussels. -- joins us from brussels. there's been a night of internal divisions. where are we at now, as they are all exhausted and bleary-eyed? maria: good morning. we've been here for hours and nothing has changed. fred system are meant is the front runner. he's got the backing of angela merkel and emmanuel macron. those are the two biggest countries that should lead to an agreement. the key is the division, the opposition to elect a social democrat to lead the european commission. it's interesting there's been this resolve against angela merkel from this political group. they are able to get everyone in line and a compromise. we've seen real world defines. still hours to come. it could change from now until lunchtime, the timing we're looking at. no whitesmoke. zimmerman the f

how do you feel about anna today? >> i believe she's a sociopath. >> reporter: rachel's speaking on camera for the first time about how she says her former friend betrayed her, a tale she recounts in her book, "my friend anna." >> i don't feel a lot of anger. mostly i feel like i would never like to cross paths with her again. >> reporter: in the beginning, rachel had no reason to doubt her big-spending new friend came from wealth, given her jet setting lifestyle and big ambitions. >> she wanted to lease this big building to house an art gallery. she referred to a family trust she had. which i didn't pry about but it formed my understanding of her. >> reporter: you figured she had money. >> yes. and that came out over time. >> reporter: in the spring of 2017, rachel tells us, anna offered an all-expenses paid trip to marrakech in a lavish $7500 a night villa. >> it was shockingly opulent. >> reporter: your eyes must have been popping out of your head. >> morocco, that's where i was like, oh, i thought i understood you

anna? anna: thank you. unit of this firm is guiding investors that it could push its ipo to the lower end of the range. budweiser brewing is offering one point 6 billion shares. $9.8uld raise as much as million and top over uber -- uber as this year's biggest ipo. what do we know about the deal so far? like you mentioned, they are guiding investors that a deal may price towards the lower end. that would make it a deal of roughly billions of dollars. as you mentioned, we have seen tot swiss three has decided suspend an ipo this week. so the market is questioning whether there is enough appetite or liquidity in the market for a deal that is double the size. the pricing would not come until later today. anna: is there any sense of resale interest? a lot of the growth in the beer market in a recent years has come through the asian markets. this is an opportunity for asia. interest in the retail community? >> that is definitely right. the market they have carved out is really the sweet spot for beer growth. indi

anna? anna: thanks very much, debra mao in hong kong. u.s. markets are due to reopen again today after independence day. let's have a look at what the futures are telling us. s&p futures pretty flat actually. u.s. trade, as we are waiting to see what the jobs report has before reassessing what they think will happen to fed policy, and therefore 10 year yields and the dollar. we are going to speaking to larry kudlow, the national economic council director in the u.s.. don't miss that conversation after 2:30 p.m. london time. minutes away from the open. up next, we will take a look at your stocks to watch at the open, including the mining sector. iron ore slumping after china's industry group calls for an investigation after a recent rally. this is uber. -- this is bloomberg. ♪ ♪ anna: some sounds and sights from the boston pops. aretha franklin, i think. i don't think you will have quite this many fireworks for the start of the equity trading day. eight minutes to go until the start of equities traded. let's get to your stocks to watch. da

this is bloomberg. ♪ anna: anna: anna: 30 minutes and, here are have months. will the u.s. intervene in the fx market? u.s. bond yields continue to slide. >> i think the place to be would be in stocks. and by the way, gold. just think about it. if you are not getting anything in the bank from these lower rates, it makes sense to have a little gold in your portfolio. anna: oil weakens and iron or amidstmore than 4% supply concerns. welcome to "bloomberg markets." i am anna edwards in london. 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 earl

anna: thank you. over the past few days, countries from belgium to austria have seen their 10 year yields drop below zero for the first time. by one measure, japanification is defined by this measure. we had the german yields dropping below -0.4%. let's get bloomberg's's dani burger, who's been pouring over the details. relentlessve these dovish central banks and continued low efficient, and we get this world of eurofication. japan has the highest absolute amount of debt, but on percentage terms, switzerland and germany are actually higher. even 50 year yields are about at zero. , but if you're looking to buy any positive yield on the curve, you're out of luck. italy 8%, but trending the way of the other markets. we've also seen yesterday the btp rally caused 10-year gilts to hit their lowest level. u.s. only 1%, escaping this to a large part. the world at 24%. i want to show you the chart of what this looks like over time. that 24% is even more stark when you compare it to late last year , when it wa

anna? anna:. thanks very much. the rally in the lyric comes to an abrupt halt just weeks before a policy decision. we'll have more on the latest in turkey and bloomberg radio covering the turkish story for you live on your mobile device or dab digital radio. this is bloomberg. ♪ anna: welcome back to the european open. other cash equity trading week. turkish president erdogan delivered another reminder of his power over monetary policy firing the central bank governor. the lira slid after the announcement. he made his deputy comforter -- governor the replacement. joining us now from dubai is our markets reporter, paul wallace. we have seen the turkish news flow moving to the back winner and turkish assets staging a rally. is that rally now done? paul: hi, anna. yes, it seems that way. the lira had been the best performing currency in the past two months, getting a percent against the dollar since the start of may. that now seems it is all but over. it has been rallying for many reasons, one was the risk on appeti

anna? anna: annabelle droulers in hong kong. eu leaders failed to agree on who will take the top job. this follows a 20-hour session that ended without a breakthrough. transcend germany had been wrangling for weeks centered around the next commission president. chancellor merkel and president macron aired frustrations after the talks. once we've all had time to get some sleep, we will be ready and willing to work for a compromise. we will the happy to get to the presidentore of european parliament has been elected. >> we ended this stay on what is called a failure. no agreement has been found and it gives a bad image of both the consul and europe. nobody can be satisfied with what has happened after so many hours of talks. i think this raises extremely deep questions that we will have to address in the long-term. anna: some of the voices at the end of those talks. of the italy is part conversation around what is going on with the eu and how it manages its budget, i want to bring you a headline that broke a moment ago. italy's tw

anna? minutes into the trading day, we are fairly evenly divided across the equity spectrum in terms of stocks going up and down. 314 to the downside. unicorn in paris is the biggest gainer them up by 12%. we have a statement guiding the market higher. uma also guiding higher up by 6%. and we see retail strength andng through across europe across the world, perhaps. credit suisset and bnp paribas are reporting. let's have a look at the downside and see where we are weaker. is down 4%. st. james's had numbers, lloyd bankhead numbers, down by 5%. l'oreal also weaker, they did talk about strength in asia, but that is not enough. the federal reserve is expected to cut rates today, meeting for the first time since 2008. but it is unclear how much opposition jerome powell will face. president trump has stepped up his attacks, demanding a large cut. joining us now is the founder of lb macro. anybody on theif fed board is looking for or pushing for a hike, the likes of which we heard from scott min

anna? anna: thank you, debra mao and hong kong. julius baer reported the slowest inflows in seven years. it grew 3.2% in the first half, meaning the third-largest bank missed the growth of 4% to 6%. >> i'm actually very happy with the numbers we produced here. it's a substantial recovery from the second half of 2018. and with $391 million net profits, it's one of the best results in the history of julius baer. net inflows are robust from the core wealth management business, particularly for europe and the middle east. you're right. we had some outflows with cairo funds. if i had that back, we were in the target range of 4% to 6%. if i look at the margins and revenues compared to the second half of last year, they have substantially recovered. and of course, we fully fitted from better markets. was very important going forward is the cost program i explain in february is nicely on contract. manus: do you think the new man coming in is going to have to do more aggressive cost cuts? >> look, the cost cuts, we did an aggressive cost cu

anna? anna: european markets, opening slightly lower and asian stocks edge higher as investors await the news from the resumption of trade talks. joining us now, goldman sachs managing director for equity strategy. good morning to you. we understand there will be lots anmeetings taking place in art deco hotel. theses the location for trade talks. our expectations low for what they can deliver or are you minded to be enthusiastic? >> i think it is finely balanced. the u.s. probably will butse more tariffs on china slightly more than even chance they do that. theeyes are on it and markets are unsure. there is a lot of uncertainty. the you wantsets to hold here for safety? we see the yen gaining strength, gold gaining strength. is that the right play with this much uncertainty on the table? problem is anly lot of the safe assets have done extremely well in recent months and years because of the uncertainty and the trade issues. in some ways, they are quite highly valued and have done well. i d

anna: -- anna: indeed. to put this in context of the big news over deutsche bank the last 24 hours, we are expecting this to be a big weekend for deutsche bank. ceo christian sewing probably pulling the plug to some extent on their u.s. dreams. garth ritchie was copresident and head of corporate investment banking. we will be looking at other names to be joining that list. david: this is speculation now, which we should avoid, but if they are cutting back substantially on investment banking this weekend, the question is what would be left for garth ritchie to do. he's a very big figure, a very executive,nking and he is not going to want to preside over a skeleton crew. anna: just how skeletal it becomes is the question over the weekend. investment bank head garth ritchie to leave deutsche bank. christian sewing, ceo, will resume response ability for that part of the business. david: we want to come back to u.s. jobs with torsten slok. let's talk about the wages. you have another chart that indicates wage gr

anna: thanks.erg. to long-termype bonds have flourished but there returns hang in the balance with jerome powell due to speak later today. if he fails to confirm rate cuts , some of the hottest strategies by flounder. with more, here is bloomberg's dani burger. dani: we have to start with the basic theory for returns in this environment. assets are valued on the expected cash flow which gets discounted by interest rates. , thatn we see rates fall boosts nearly every single asset in the market. that has benefited a whole swath of hedge fund styles. so the recent winners might slip if powell does not satisfy. keptes i spoke too pointing to its specific leverage strategy made famous by ray dalio. the idea is that it holds basically every asset class and gives higher waiting to less risky things like bonds. that style is headed for its best performance since 2010. with a long bond exposure has done well in anticipation of rate cuts. investors have been flocking to duration risks at this bond fund has seen

anna and matt. anna: thank you. back to trade. the next president of the european commission says she hopes to dissuade president trump from imposing new auto tariffs on the eu. she will remind him of all of the areas where european and american interests coincide. she spoke to bloomberg. issues, but we should never forget that we are allies and friends. we sit on the same side of the table, if i might put it that way. therefore, we are going to negotiate the different topics that have to be solved. at the end, we know it is better to be in a healthy way, trading with each other, then other was. -- than otherwise. i will work hard to have a good relationship, knowing there are issues to tackle. , trumpe, unlike defense has been using tariffs against the eu. another is the threat of levees on european cars. do you have any ideas about how you will address that? >> if you look at the broader picture, things are interdependent. to convince our friends from the united states that it is better to find a good compromise. there are way m

anna-marie: it's true. we are seeing quite weak demand for these vehicles. , but in aes look good lot of countries, it is from a very low base. as you said, infrastructure is a big part of this. also, a very expensive technology. there are still relatively few models available. so we would expect over the next year or two when you see a lot of these carmakers to get these models to market and there is more choice, and hopefully, more infrastructure to go with it. then we should start to see a turnaround. anna: who is going to deal with this lack of infrastructure effectively? who is going to either benefit from it or fix this? to matt's point, it seems very difficult to buy a car. you don't know whether to buy old or new technology. anna-marie: it is a real chickened and a situation. -- and eggand big situation. countries, in some you are seeing a combination of carmakers and governments coming together, in others carmakers themselves have taken initiative to there is not a clear path on howthe should be do

anna? anna: this is what makes my job difficult, because i like both. dani, no doubt we will return to that chart, talking about the new conservative party leadership next week. but matt, we are talking about this more this week, the future of the share buyback story. ♪ >> fighting on two fronts. trump says china wants a deal as steven mnuchin considers heading to beijing. trading revenue will be the talking point. asking for the european parliament's backing to be the first woman to lead the commission.

anna: you mentioned r&d -- those core disease areas. anna: you mentioned r&d. does that mean that m&a is out of focus? some investors were concerned about cash flow, after the cancer deal. now is the focus on r&d, not m&a? pascal: our focus is definitely on r&d. we will continue to be open to potential acquisitions of products or businesses, as they become available and if they really fit our strategy. if we can add value. we will only acquire assets we theadd value to, like cancer drug we partnered with daiichi sankyo, but we also have to improve cash flow. hopefully people will see with the q2 sales growth that cash flow movement will soon follow this rapid growth of our topline. we're very focused on topline growth, improving operating margins, which will drive improvements in cash flow. let me finally ask about south korea, vietnam. when do you expect a return on those investments? actually already doing very well in those countries. we have, half of lung cancer in asia, they have a specific mutation, and it addresses the needs of those patients. we're doin

anna: let's talk about bond markets. we are asking on the markets a live blog, when will negative yield spread to the u.s.? seen negative yields taking hold in japan, in europe. people asking when this is going to become reality in the u.s.. inhave seen this already 2008. we are talking about government bond markets. there are two parts to this. there are nominal yields, when do we get them negative? we are a long way from that. there is a proclivity to take credit to leverage up. lower interest rates do get taken advantage of much quicker. there is also an obsession with cash. restrictions are on the curve going negative like we have in europe. in adjusted terms, the u.s. still has very little negative real yield, even though one of my colleagues highlighted last ofk that the global pile negative real yielding blondes doubled the number. a phenomenal amount. the u.s. has a small percentage of that. there will be negative yields by the end of this year. when the fed cuts a couple of times, we will see quite a large chunk

anna: thank you, debra mao. fed chairman jerome powell during a two-day testimony to congress repeatedly cited slower global economic expansion as a reason to ease policy. barkin says the message has not changed. >> i think he said the same thing yesterday that he has been saying the last month. we do not have forward guidance anymore. we are watching carefully what is happening in the data, and looking very much on upside and downside risk. at this point, they are tilted to the downside. >> the market has priced in a 100% chance of a rate cut. can you go against the markets? >> we will see what happens. we will have a lot of data that comes in. cpi came in this morning. it will get retail sales and consumer spending. if the data ends up with a different outcome, the markets will adjust >>. >>what is your view of the economy? i feel pretty good about the economy. on the consumer side spending is great. labor markets are tight and those are healthy signs. what the chairman mentioned yesterday, and what is a conce

anna: thank you for the update. other news on this story, japan may hold talks on this trade spat on july 12. you up-to-date on the developments. it is hammering south korean assets in recent days. the warning is being felt here in europe. this is on the back of trade tensions in a profit warning. thanks to tom giles in tokyo for bringing us up to date with the asian specific story. let's talk to patrick armstrong, cio / managing partner, plurimi wealth. trade tensions have many directions today. the chemical sector falls. normal wear trade tensions are used as a weapon? patrick: it may be, weaponizing trade used by the u.s. with china against huawei. and china has threatened curtailing exports to the united states. it is something that is not productive for global trade. you have seen it falling for several quarters. is falling, these are symptomatic of the slowdown in global trade. the last 40 years, the world economy benefited where goods are produced cheaper. that tide has turned and is reversed into more nation

anna: thank you very much. we are live in westminster, because today is the day that we see a handover of power from prime minister theresa may to soon to be prime minister. theresa may -- soon to be prime minister boris johnson. this afternoon, theresa may will head to buckingham palace to see the queen. when she has left buckingham heade, boris johnson will there to see the queen. we are focused on who is going to be chancellor. many names are being thrown around. someone with a bright round in finance and previously -- with a background in finance and previously worked at deutsche bank been considered. focused on they u.k. politics and who becomes chancellor. for now, back to the earnings picture and the market story. the deutsche bank story this morning is one of trying to get things done as quickly as possible. i spoke with the cfo at deutsche bank's headquarters. you can see those behind me as well. at least one of the twin towers right over there. he told me he is trying to get things done as quickly as

anna: thanks. bmw has promoted the production chief to the chief executive officer, resetting its leadership to catch up with arrivals in the transition to an era of self driving, election cars. they will succeed harald kruger who stepped down after four years at the business. expect a renewed focus on asia from the bmw chief. >> our aim is to be slightly better than the premium segment. we expect the premium segment to grow single digits, so this is also an orientation for us. the 17% is because we have a lot of new models. we're launching a new models in china, therefore there is high growth in the first half. the second half, will be closer to single-digit growth. >> do you think the overall market will start to bottom out? >> i think you can see that already. talking about the total passenger market, the decline is slowing down. so i think we are quite close to the bottom of the total markets. and in the second half of the year, probably driven by additional models, we believe the car market wi

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

anna: what kind of visibility do you have? last week's profit warning was the third in less than 12 months. investors probably feel quite uncomfortable with that. what kind of visibility do you have, and what can you do to try to turn things around from a profit perspective with the negative rates story we have described? christian: what we actually said in the announcement a week and a half ago is that we are right now reviewing our actions that we need to take in order to regain the long-term performance of the bank. that is something we will come back with later this year. to give you more context of what we will be doing in order to drive an efficient bank, to drive a bank that is profitable, to drive a bank that actually takes advantage of the digital solutions we have out there, and at the same time are adhering to the regulatory compliance requirements that we have for driving a bank. matt: thanks for joining us. christian baltzer, the cfo of dansk a bank coming to us as they present their earnings. next, we will bring

january. >> anna: new seen this yet. authorities have identified and spoken with a female juvenile suspect and her boyfriend after they allegedly posted video to twitter of her licking a half gallon of blue bell continue roof ice cream in walmart and putting it right back in the freezer. the nauseating stunt was being viewed by 11 million people on line. police say she could have been charged with second degree tampering with a product carries 2 to 20 years behind bars and possible fine of up to $10,000. john rich, what do you think? now that we know it's a juvenile. oh, give this poor girl a break. >> if you are going to come down on her, there is somebody else you have got to come down on too that's ariana grande. >> anna: i forgot about that yes. >> a couple years ago her and her boyfriend are in a doughnut store she licks the doughnut and boyfriend licks the doughnut and then she says i hate america. i hate americans in this video and i don't think anything ever happened to her and nothing about tampering was ever ta

anna? >> yeah, it's quite incredible that those police are just standing on the other side waiting for those -- for those protesters to pierce that glass. and, nic, i can tell you there are some 400, at least 400 police with their shields, with their batons and their helmets who are staged, they're assembled just 100 meters from where we are who are prepared to obviously come and join those other riot police and probably corral those protesters where you are. but, nic, please stay with us. we are monitoring this situation very closely. don't go anywhere. we'll be right back after the break. can't see what it is yet.re? what is that? that's a blazer? that's a chevy blazer? aww, this is dope. this thing is beautiful. i love the lights. oh man, it's got a mean face on it. it looks like a piece of candy. look at the interior. this is nice. this is my sexy mom car. i would feel like a cool dad. it's just really chic. i love this thing. it's gorgeous. i would pull up in this in a heartbeat. i wan

we can watch that and say, anna told us why that was so that and say, anna told us why that was so important stories to get tucked away... with the context of an expert, it all becomes clear and far more significant. we are going to finish with the metro. this is all about the london bridge terrorism incidents inquest, it and hero cop's story revealed. we are in the second batch of the inquest now. victims enjoying a night out in the borough market. this is the second stage with how the terrorists met their death. by law, there has to be ajury their death. by law, there has to be a jury inquest. vertex can be returned. one fascinating aspect, which has emerged in the evidence today, is one of the three police office rs today, is one of the three police officers on duty — they get anonymity is welcome offers giving evidence —— officers giving evidence. he was drawing his weapon in anger. he gets there within minutes of the first 999 call with service colleagues and he draws his weapon for the first time in anger. the last time he took his weapon out, it would have been in a shooting ran

anna? anna: serious consequences. that is what the u.k. has warned iran will face over the seizure of a british tanker. london is demanding the release of the vessel. it is advising u.k. shipping of the increased threat in the persian gulf. theresa may will lead a meeting of the governments emergency committee, cobra. that is set to happen in the morning. let's get to our government reporter in dubai who has been tracking these latest tensions. why did iran sees this tanker? they have been threatening retaliatory action. >> what they have said, the revolutionary guard said is that ship was entering the strait of hormuz from the wrong direction and wasn't paying heed to signals that had been given to it and had collided with other ships. this is what they have been saying. -- ife have been seeing you look back to a few weeks ago , there was a ship that had been seized by the u.k. was transporting iranian oil. violatingn seized on sanctions against syria and transporting oil to syria which iran has ejected -- rejected. iran had said that mov

anna: marty, good morning to you. if president trump is not bound to stick by positions he has taken in the past, what should we think about what he says about the dollar? during the friday sections -- the friday sessions, there were comments about kudlow, and then the president sort of said he did not want to -- he had not made those comments. what is the latest thinking on where he goes on the dollar and whether he really would act? marty: i do think even if he tried to act, the u.s. government has limited ability to affect the long-term value of the dollar. the global markets are huge. obviously the currency markets. so i think you can expect donald trump to keep jawboning, but i think as the administration officials pointed out, their ability to even affect dollar value long-term is quite limited. so just expect more of the same. anna: that plays toward your wheelhouse, shahab. what could the trump administration do with the dollar if they wanted to? shahab: the easiest thing they could do is to keep the pressure

anna han, wells fargo's securities equity strategist. you can find a roundup of the stories you need to know to get your day going in today's edition of daybreak. bloomberg subscribers, go to your terminal. it is available on mobile on the bloomberg anywhere app. you can customize the settings so you get the news and settings of assets you care about. this is bloomberg. ♪ shery: this is bloomberg technology global length. i am shery ahn new york alongside paul allen and emily chang in san francisco. let's get thought it with a look at the top global tech stories of the day. emily: cisco will buy acacia communications for $70 a share, or $2.6 billion. the price for the deal expected to be completed in the second half of 2020 which represented 46% premium to acacia's monday u.s. close. facebook is fighting another blockbuster court fight in europe over privacy. the eu court of justice hears arguments wednesday on the legality of rules used by companies to move commercial data outside the region. critics say eu's citizen data is at risk a

. >> i leave before anna does. when i land i get a text message that the whole bill is being charged to my cards. >> how much? >> $62,000. >> how did you even wrap your mind around that? >> it was such a complex, paralyzing moment for me. she owed me more money than i made in a year. >> she keeps promising you, the bank is going to pay you, the wire transfer's going to happen. what is going on for you internally? >> it was starting to eat at me. i am late with my rent, late with my credit card payments. >> reporter: soon it is clear that rachel has been duped. she goes to police and then the manhattan d.a. when anna can't be found, rachel turns to social media to smoke her out, aiding investigators in a sting operation. in the summer of 2017, police arrest anna sorokin in malibu, california. you were putting your neck out there. >> yeah. >> to try and capture her. why was that so important to you? >> the money was extremely destabilizing, yes. but what was equally upsetting to me was sort of this riddle that needed

anna: good morning to you. not a bad first half is your characterization, but the volume doesn't seem to be lower than some estimated. the operating profit a little lower than some estimated. you are sticking to your full-year guidance. what is the investment community not seeing? collects when you look at the revenue, you see volume, a little more subdued than we hoped for, and the weather has a lot to do with it. what we set the beginning of the price increases because we have to compensate as much as possible. price of 3.5% is the best price mix we have seen in years. we have been delivering on that. operating profit takes into account a number of factors. obviously with a very good month of june, a big month for us, you are a little bit more of margin to maneuver. the full yearor and having all that in mind, mid-single digit for the full year. that is something you largely see coming. if you are talking about aluminum, the most important raw material for us in terms of amount, you hedge one year, pretty muc

i want to get you in here, anna. we heard this week they actually interviewed christopher steele, in pursuit of that ig report. do you think the data matters on this? you would like to see it not televised, is that what i'm gathering? >> anna: it's not that i don't want to televise, the american people want to know more than what's already been out there. i just kind of feel like, what's the point? if it's all the information that we already have? >> jessica: i think the point is that nobody read it. so bob miller can tell us what is actually in it. >> harris: you want him to read it out loud? >> jessica: honestly, it's a great bedtime story. [laughter] >> harris: oh, my goodness! >> jessica: congresswoman alexandra katsu court has upped the ante with speaker pelosi prayed what she says as the speaker gets unexpended defender. coming up next. ♪ ok everyone! our mission is to provide complete, balanced nutrition for strength and energy! whoo-hoo! great-tasting ensure. with nine grams of protein and twenty-six vitami

the author is new yorker, contributor, anna wiener. this is booktv on c-span2. >> reagan is an intellectual. he is an intellectual, he is comfortable with ideas. he understands the power of ideas. and with that kind of foundation, intellectual foundation, a political leader can do all kinds of marvelous things. chris author and historian, lee edwards, will be our guest on "in depth" sunday, august 4 from noon until 2 pm eastern. mr. woods is the author of just right, plus a collection of biographies of barry goldwater and ronald reagan. join our live conversation with your phone calls, tweets and facebook questions. watch "in depth" with author lee edwards live sunday, august 4 from noon until 2 pm eastern. be sure to watch live coverage of the booktv@cspan.org book festival on saturday, august 31 on booktv. on c-span2. >> so let me take a little bit about our author this evening. david randall is a senior reporter. because of different cannabis, knock knock jokes and kenny g. his books are dreamland and the king and queen of malibu, t

her attorney insists anna meant no real harm. >> i don't believe a criminal act occurred. she made a voluntary choice to put this debt on her credit card. she didn't have to. she wasn't forced to do it. she chose to do it and that was a mistake. >> when you look back on it should you have known better? >> i think i wanted to see the good in her. i think it's also important to see reality and to understand what's right in front of. >> trust your gut. >> trust your gut. >> she learned about trusting her gut. anna's attorney by the way says they filed a notice of appeal and in the meantime, as you might imagine, hollywood has come knocking. this incredible tale will be adapted by lena dunham for an hbo show -- program and shonda rhimes is adapting it for a netflix series and if you're wondering what happened for rachel with the money that she was on the hook for, i've got more details tonight on "nightline." you will learn what happened tonight. >> anna can't collect any money for her story. >> there's a son of sam law that she cannot collect any money, but there is some ques

anna giaritelli. guest: i agree with him. every time i talked to a border patrol agent on to rank-and-file, a regular guy or woman working the job, it is, we have no way out. we are working overtime and doing everything we can. we are waiting for a solution and nothing is coming. we don't see an end to this. host: the associated press, the numbers, migration to the u.s.-mexico border, an unprecedented number of families are coming to the border, resulting in dangerously overcrowded detention facilities, and they are just looking at one day in the el paso dell norte processing center. detention center is operating at a drizzly overcrowded levels. let's hear from al in watertown, tennessee. independent line. caller: here is some basic finance. will have paid for itself, because each and every one of these illegals consumes far more government welfare than they will ever produce in tax revenue because they are on -- are all non-educated. the democrats want illegals as voters, the republicans want illegal

anna, how would you describe it? it's like you know what the right thing to do is, and you know that in order to get better and have the life that you deserve, that is the thing that is going to make you get to that point, but on top of that, there is the fear of what will happen, all of these irrational worries and fears about what will happen if you actually do that and what will this mean about your identity? you will be out of control and all of these other thoughts come into your head. i mean, the biggest part of my recovery was learning to ignore that, learning to trust my gut feeling in a way, the irony of that, but learning to listen to that voice, rather than the buzzing bee or the jail bars that were the other side of that. after going to that group therapy session, i met 23—year—old roisin, who was diagnosed with anorexia when she was 16. she and her mum and dad, kevin and gabrielle, told us of how they struggled to get the help they needed to support their daughter. with them, andrew radford from the

anna, how would you describe it? it's like you know what the right thing to do is, and you know that in order to get better and have the life that you deserve, that is the thing that is going to make you get to that point, but on top of that, there is the fear of what will happen, all of these irrational worries and fears about what will happen if you actually do that and what will this mean about your identity? you will be out of control and all of these other thoughts come into your head. i mean, the biggest part of my recovery was learning to ignore that, learning to trust my that feeling come in a way, the irony of that, but learning to listen to that voice, rather than the buzzing bee or the jail bars that were the other side of that. after going to that group therapy session, i met 23—year—old roisin, who was diagnosed with anorexia when she was 16. she and her mum and dad, kevin and gabrielle, told us of how they struggled to get the help they needed to support their daughter. with them, andrew radford fro

his wife anna left reeling and at the mercy of the russian justice system. their life in russia now their personal hell. >> we met in south carolina in myrtle beach in 2007. >> reporter: they moved to russia in 2011 to be closer to anna's parents. gaylen like his wife worked as an english teacher. a former firefighter, for years he enjoyed his life in moscow. now, though, he was a foreigner in a russian detention center. >> the prisoners have their own rules. if you don't go along with it, then they mark you. you become what they call a red inmate. i've been attacked by a number of individuals who group together because i don't conform to their criminal lifestyle. despite my illness, i went for several months without any medical intervention whatsoever. i was harassed by guards on a constant basis. >> reporter: forbidden from writing in english, he turned to his hobby as an cartoonist to convey his experiences to anna. >> when gaylen was put -- was first arrested, he started drawing this cartoon bears that he would send to me in his letters because i call hi

tell our audience what kind of woman anna was. she was an exceptional person, very driven, very moral, for her, everything was aboutjustice or injustice, protecting the weak and vulnerable, since she was very small, and she was very bookish as a person, very literary. she was quite a romantic. she loved the idea of trying to help create a better world, and she put herself into that football tea m world, and she put herself into that football team that played so well last night, they were talking about leaving their heart and soul on the pitch. anna left her heart and soul in herfight pitch. anna left her heart and soul in her fight for justice. pitch. anna left her heart and soul in her fight forjustice. you came across her diary, you had not seen the last time that you went to syria, tell us about that. yes, all the fighters, particularly the foreign fighters, in... the fighters, particularly the foreignfighters, in... do the fighters, particularly the foreign fighters, in... do we know what rojava means? it is the federation of

anna: it is a very good question. essentially, this is boris doubling down on his brexit can -- exit commitment. recommitting to the 31st of october is the brexit deadline. we saw him shaping a cabinet that is going to help him deliver exit. brexit.er he put in place a number of exit tears. he rewarded those who have been very loyal to him. let's not underestimate the scale of the reshuffle we saw yesterday. the night of the blondes night, this in reference to orson johnson's hair. -- boris johnson's hair. we saw a reshuffle that took out a third of the cabinet. francine: anna edwards there in westminster. simon wells system with us. simon: you saw yesterday the pound didn't really move that much. it had come down and the previous days and weeks. from where we are now, we've got to wait and see. parliament is breaking today. they have a little bit of a cessation in news wild boars gets to work. -- while boris gets to work. francine: simon wells stays with us. at louis vuitton and christened your. ♪ ♪ decision day,

anna: this could be crucial. he got more than 60% of the members of the conservative party voting for him. he clearly feels he has something of a stronger mandate to shake this cabinet how he sees fit. he needs somebody to help him be that dude. he talked about wanting to be the dude that delivers brexit, unites the party, defeated jeremy corbyn. he wants to be that person. any of the critics of boris johnson .2 somebody that's may a toster of the detail -- point somebody that's a master of detail. -- itvb just announcing just announcing that david frost will become an eu negotiator. we are beginning to see this stream of announcements. do you see -- expect that like mr. frost, it will be barely have you -- very heavily weighted towards leave? what will be the mix that you would expect? we were talking about the mandate he got from his party membership yesterday. i suppose he probably feels he has got quite a stronger mandate to shake the cabinet how he wants. our colleagues in westminster were running around fin

anna, the conversation is iran says this isn't about syria, it's about getting at them. you have two stories, where the ship was headed and where what's on it came from, iranian crude oil. iran having this i’ow iranian crude oil. iran having this row about its nuclear agreement, a deal it had with the us and mainly eu countries to say we won't pursue oui’ eu countries to say we won't pursue our nuclear programme, carry on enriching uranium, if you try to help us economically and ease up on us economically. the us have decided to go back on that and said we think you are pursuing a nuclear programme in one way or another, so we are going to hit you with sanctions stop the eu have tried to be more pragmatic to say, how can we help you out? iran is having one of the toughest economic climates in 40 years, so the eu is saying you don't have to crack on with this. iran has been enriching uranium at a quicker rate, saying we are serious, help us out or we are going to pursue a nuclear programme, and now this. the uk and iran going to each other's embassies and ticking off

♪ anna: good morning, this is "bloomberg markets: the european open." seven minutes till the start of the cash equities trading day this independence day. let's find out what the team is tracking. dani burger is looking at osram, joe easton is covering baby foods and annmarie hordern is focused on banking i bnp paribas. this is a bank cutting back on research. annmarie: they are getting ready to -- rid of their asia equity research in hong kong and relying on morningstar.

anna: we are getting close but we are not there yet. there is a firm deadline of when the house is expected to begin its august recess. mnuchinlosi and steve are trying to talk about not really the debt limit part, but everyone agrees they need to raise the debt limit. leaders also want to attach an agreement on budget caps. they need to lift the budget caps that would impose these dramatic cuts and those are the details they're trying to work out. last night we got an offer from the white house and now we are waiting for nancy pelosi's counter offer to see when they can finalize this agreement and put it into legislative text. david: congress works best on a deadline. what is the deadline? anna: august 26. that is when the house leaves for august recess. there has been talk about staying later so they can get this done next week. steny hoyer says the house is not playing to stay late. if it does get up to the deadline they would do a short debt limit solution and then kick the can on the budget. david: thanks a much to an entertaining

this is bloomberg. ♪ 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. ♪