the u.s. late market trading, we did see the sentiment recovery as president trump said he recently spoke to chinese president xi jinping. the s&p 500 fell three chance of 1%. the nasdaq down a quarter of a percent. interesting to see small caps outperformed large-cap sweet the dollar held near a two month high. u.s. futures gaining 1/10 of 1%. let's see how we are setting up for the asian open. paul: new zealand has been trading for a couple of minutes now. not a lot of action across the terminal at the moment. the index looking kind of flat. futures out of australia also looking at little weak. the ask hit a record high on tuesday. we do have second quarter cpi numbers out of australia later on. a data heavy day. nikkei futures higher by 1/5 of 1%. keep an eye on -- it slide tuesday afternoon on news of bad loans. mitsubishi, ufj reporting todayk, futures a little weaker as well. samsung is a big one we are watching out for. we will also have korea and doctoral production numbers -- industri

he u.s. pulled out last year. iran has reached low-level limits. and is moving toward weapons grade material soon. >> we will take the next step. if you want to express regret, do it now. our advice to europe and the u.s. is to go back to the negotiating table. to respecting the resolutions of the un security council. all of us can abide by the nuclear deal. >> global meadows, 24 hours a day -- news, 24 hours a day. this is bloomberg. >> u.s. and chinese officials set to resume trade talks in the coming weeks. >> i don't know precisely when. they are on the phone. schedulinge face-to-face meetings. lots of communications. china's bring in our correspondent selina wang. what is the significance of this? what do we know? >> it provides detail how the countries are going to proceed with talks. sayingy upbeat tone, this is not actually trade war this is just a dispute both countries have. thoughing said, even trump and xi did reach this sort key differences do remain including the enforcement mea

u.s. liquefied natural gas as well as the competitive outlook for elegy. america natural gas production has literally change the game, we say that a lot around here about that, but, it has been a game changer. our production has started to the levels that many never even thought possible a decade ago. this in turn is boosting our economy as well as our national security. it is providing a long-term low- cost low emissions source of energy for our manufacturers and residential consumers alike. we have such a massive resource base and that we can send substantial values abroad. we are now leading the world and natural gas production, hopefully soon we will also lead in exports. mobile demand for lng, we know is increasing. more u.s. lng export facilities are coming online and more of our friends and allies around the world are building import facilities. for the first time since the 1950s we are now a net exporter of this abundant resource and our production is driving the formation of a glo

the u.s. china trade talks. the boj expected to downgrade some projections as well as lower inflation forecasts. pmi datapanese flash and earning seasons taking off in earnest with names reporting in south korea. of updates from aussie companies. 64.4.lia's flash pmi, >> think you very much. let's check in the first word news. on the first word news. >> the u.s. justice department looking at whether companies are harming competition. they will express -- address concerns people have expressed about social media and online retailers. it is the latest sign of official scrutiny by washington. facebook and google parent alphabet fell. warningbusiness is incoming prime minister boris johnson he must avoid leaving the european union without a deal. he will enter 10 downing street reiterating his pledge to leave by the end of october,, whether october, whether or not a deal is in place. >> today at this pivotable in our history, we have to reconcile two sets of instincts. between the desire for frien

the u.s., but over here in europe, here's a data check for you. stoxx 600 pretty flat this hour. fourth of july low volumes waiting for payroll data from tomorrow. outperforming. yields areyear certainly worth talking about. yields have dropped below the 0.4 level, below the ecb's deposit rate. we've got gold still acting as a haven above $1400. the dollar index not moving all that much. president trump doesn't like the strength of the dollar. we will talk about that. wti not reacting positively to the production cuts extended by opec. let's take a big picture look at what is going on in these markets now. the u.s. stock market closed for trading for the july 4 holiday. in europe, equities continue little changed while investors search for direction and await u.s. jobs data. we are joined now by paul markham. very good morning -- afternoon, in fact, here in london. valentin, let's come to you first. >> it does feel like risk off is back on. currencies are outperforming low yield or's. it remai

u.s. exports and concerns about energy relations with china and russia. the hearing was held by the senate energy and natural resources committee. manufacturers and residential consumers alike. we have such a massive resource base that we can send substantial volumes abroad. we're now leading the world in natural gas production. hopefully soon we'll also lead in exports. a few of those experts are here to tell us what is driving these trends, where they may be headed and how u.s. l and g fits into the equation. i use this term quite frequently but i hope we're going to hear some ideas this morning on how to make our exports even more competiti competitive. i'm particularly excited coming from alaska about the role my state can play. t furk has just released the draft for the alaska project, has great opportunity to move some tremendous reserves of gas on the north slope to market. it's a pretty important milestone for us in the federal permitting process and we continue to recognize that a

the list of possible u.s. sanctions range in service and include cutting turkey off from american and international loans preventing its transactions on foreign exchanges and targeting turkish banks businesses and executives took a series of tools the russian system because that's for hundreds were more sophisticated and cheaper among other reasons the system is expected to be operational by october during last month's g 20 summit in japan u.s. present donald trump said it was the obama administration that refused to deliver american patriot missile security and that was unfair presence our don says trump has now promised not to impose sanctions on tricky but it is unclear whether trump will be able to persuade congress to do the same scene and go solo al-jazeera stumble and al-jazeera as alan fischer has more now on the u.s. reaction from washington. donald trump said at the g 20 in or sachar that he didn't think the u.s. would impose sanctions on turkey if they went ahead with the part just the understood wh

u.s. natural gas exports of the economic benefits as well as concerns in international markets including energy relations with china and russia. the senate energy and natural resources committee held this hearing. >> morning everyone the committee will come to order, we are meeting this morning to examine the evolving global natural gas markets, the increasingly important role of u.s. liquefied natural gas as well as the competitive outlook for elegy. america natural gas production has literally change the game, we say that a lot around here about that, but, it has been a game changer. our production has started to the levels that many never even thought possible a decade ago. this in turn is boosting our economy as well as our national security. it is providing a long-term low- cost low emissions source of energy for our manufacturers and residential consumers alike. we have such a massive resource base and that we can send substantial values abroad. we are now leading the world and natur

the u.s. is urging japan and south korea to resolve their trade differences amid fears it could spiral out of control. the white house is calling for what it calls a standstill agreement to give tokyo and seoul time to negotiate a wider deal. the comments and comparative silence -- ends weeks of compared of silence from the u.s. during which japan thought it could bring u.s. on its side. global news 24 hours a day and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. president trump is lashing out of china again as trade talks resume in shanghai. bashing beijing for what he says is an unwillingness to buy american farm products. tweeting china continues to rip off the u.s. and is morning china will get a worse deal after reelection next year. let's bring in a senior editor. excitations are low going into trade negotiations this week. the president not making matters better just upping the pressure on beijing. >> yes, i think the pr

heard that the u.s. and china will have face-to-face talks on monday, according to bloomberg reporting. of thesie dollar is one underperformers in terms of g10 currencies. falling after westpac said the central bank may cut rates as soon as october. in terms of the dollar, you seen strength over the past couple days. part of that was down to that debt ceiling deal. the imf cutting its growth outlook but updating the u.s. slightly. nasdaq futures taking a hit. u.s. antitrust foot -- pro-feeding into that. wti on the front foot. the trade tension is something to do with that. cable is steady after three days of losses. a new prime minister in the u.k. in the form of boris johnson. let's get the bloomberg business flash. tradingche bank's revenue has missed estimates. they are reporting a second-quarter net loss of over 3 billion euros. the bank previously announced plans to cut 18,000 jobs and shrink the balance sheet by exiting equity trading. they announced its 2019 revenue coming lower than last year. a

u.s. reopens after independence day celebrations. the cash trade is less than 30 minutes away. ♪ anna: sweeping cuts. job losses at deutsche bank may go deeper than just equities and rates staff. the restructuring plan will be finalized this weekend. on hold for payrolls. analysts expect the u.s. economy to add 160,000 jobs this month after a dire report last month. will could a miss mean for the fed -- what could it mean miss for the fed? iron ore prices slump the most since 2016. keep an eye on miners at the open. less than half an hour to go until the start of the european equity trading day. we were without the u.s.. the u.s. was celebrating independence day yesterday. we are without that legacy to build on. we are waiting for the payrolls numbers, as we have been saying in our headlines. we are in a holding pattern. ftse futures suggesting in the event of downside, but review the european -- suggesting a little bit of downside. gmm. have a look at the it gives us a picture of what h

u.s. regulatory scrutiny in congress being felt across the market as tech stocks underperformed in today's session with the s&p 500 now holding the five-day rally. we had president trump's comments on tariffs dampening sentiments as well. tech giants took a hit. we had energy producers leading some of those declines as we continue to see the selloff in oil markets. we had u.s. bank earnings. they little bit mixed. goldman sachs managed to jump after beating the unit. we had some strong data out of the u.s. when it came to retail sales. that sent yields higher but at the same time, chair powell speaking in france about taking appropriate measures to deal with the economy. that led to the yield level being paired back a little bit. u.s. futures not doing much at the moment but let's see how we are setting up for the session in asia. sophie: midweek in asia, futures are pointing lower in sydney, seoul, and tokyo. a two-day decline. datadney, miners with the on tap and iron ore prices at a fiv

keeping u.s. semiconductors and other equipment maker's at the forefront of the industry is really a big, a bigger national security issue than penalizing huawei. that is generally the argument that the chipmakers are making. emily: are these tech ceos asking for the ban to be lifted on all products, that the u.s. sends to huawei, or only particular supplies? i understand there has been differentiation between consumer products like computers and smartphones, and products that would be used to make huawei's 5g the quit. -- equipment. tom: the trump administration has made this delineation between products that it continues -- considers a national security threat compared with products that aren't in that category. we haven't heard from the semiconductor industry, exactly how they are making that distinction. the sense is they want to have a great deal of freedom and what they sell to huawei. they are saying a lot of what they do does not cause it to a national security threat. paul: bloomberg tech

the u.s. wants china to buy more farm goods, china wants the u.s. to ease restrictions on wall way -- on huawei. and germany, chancellor angela merkel so she has been feeling good and plans to serve out her term. there has been concerns about her health. she has been seeing trembling at public events. in california, oil producers are bracing for a crackdown on drilling. kevin newsom has fired the cheap right -- the chief regulator. mexican drug lord known as el chapo has banished from his jail cell in manhattan and no one is saying where he is two days after he has been given a life sentence. his lawyers say they do not know. the marshals service will only say he is in custody. he is likely to end up at a super max prison in colorado. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am courtney donohoe. this is bloomberg. vonnie: thanks, courtney. shares of software provider my dalia are searching on their first day of trading. joining us live from the new york sto

the u.s. and the union.n . the featured speaker is a brexit negotiator who also serves as director general of trade for the european commission. william: welcome, everyone. i am glad you are here. it is a great honor for me to introduce savino -- weyand, who is the new director general for trade in the e.u. -- in that you commission. she took over the position a month ago and this is her first in washington. csis is happy to have her here to make some open remarks, then she and i will have a conversation that will touch on a number of issues. then we will open it up for your questions. land for trade. prior for this, she was the deputy chief resident negotiator for two and a half years, which had to the one of the difficult jobs in the e.u.. i told her that if we invite her back a year from now, we will ask her who was harder to negotiate with, the british or the americans. i am sure we would get a polite historybut, she has a in a number of positions of significance inside the european commis

details from the u.s. to we will get that story. u.s. equity yen and futures and treasuries a little bit. dollar andge in the the trading day. let's look at the other side of the gmm. possibly just wrapping off the list. debt, aite for italian result of what we have seen from the italian government putting with your world. by markets reacted. commodities lapped up some of the waste on those yesterday in overts and with iron ore one hundred $20, the market is causing and we see weakness coming through and commodities and oil prices in focus because of the meeting and siena. let's get an update for you with annabelle in hong kong. china would scrap ownership limits one year earlier than land according to the premier speaking at the world economic foreign -- form. -- for him. they will be allowed by 2020. the next round of trade talks between the u.s. and china is underway. according to president donald trump, ending the stalemate between the two countries, washington announcing it would new tax on imposing a as talks restart. president tru

policy towards iran with u.s. policy towards north korea you've got 2 completely different pictures they are you've got north korea which has nuclear weapons being treated being legitimized by the u.s. president and iran the total opposite do you think iran is maybe thinking that it too can become the next north korea. well perhaps i mean north korea has shown that by testing a nuclear weapon it can exit a great deal more influence on the world stage and and try and circumvent the isolationism that it's experienced in recent decades but let's not forget the iranian case is dramatically different it's a signatory of the number of ration treaty but it also exists a great deal of influence across the region broadly and that's incredibly different to north korea so iran has numerous cards to play in this game and it's this regional influence that has been a serious cause for concern for many in washington but also for key u.s. allies in saudi arabia and israel so i think it's dramatically different but north korea has

. >> the u.s. economy is doing very well. >> the u.s. consumer dominates in terms of the overall gdp number. >> headline gdp growth is in line with what everyone expect ed. >> government spending data, quite strong. >> there is some upside risks to the economy. >> the consumer and the labor market side of things is looking good but manufacturing is under pressure. >> there is clearly a pretty significant dislocation between the industrial economy and consumer economy. >> it is the composition of the data that is worrying the fed. >> there are pockets of weakness. >> we do see a further deceleration in the u.s. economy going forward. >> ultimately, we are moving back toward a lousy trend. jonathan: joining me around the table to discuss is marilyn watson, bob michele of jpmorgan, and george bory. marilyn, you know how this works. you pick your bias, look at your data, and confirm the price. there is something in this for everyone. marilyn: that's right. the data was as expected, shows an economy tha

you u.s. president donald trump and british prime minister tourism a german chancellor angela merkel and french president emmanuel. as for the place i think alexander lukashenko will be happy to host us in minsk means money we are not changing or dismissing any diplomatic formats. we are offering to talk. since we need to talk right. artless pulling our correspondent economy he is in kiev this evening where that meeting between the e.u. and ukraine's new government is taking place good evening to you nick what do you make of president. sending out i guess a video tweet if you will to russian president vladimir putin saying we need to talk what you make of that. well bret he certainly has a talent for the political sound bite right this is a guy who spent most of his life in show biz and it shows i don't think in reality that this has all too much to do with the real nuts and bolts of diplomacy i can see treason made joining joining president trump in minsk to talk with and selenski this was a

for the u.s. financial services company capital one has revealed that the personal information of more than 100000000 people was still during a cyber attack at risk and names addresses and phone numbers of credit card applicants in canada and the u.s. including yours truly a suspect we understand was arrested on monday capital one says the hacker exploited a weakness in its systems that's how they described it let's talk about that now here from our d.w. business stephen beard so stephen this what they're saying one person has been arrested in connection with this but this is as you correctly have said this is a case of locking the door after the horse has left the stable right in this case this is something where the person was arrested the crime is the fact that this alleged perpetrator broke in took these files released them but obviously more crimes can happen with all this information that's out there and that's the biggest concern is that it's not over for people the fact is this is the new

but u.s. suppliers suddenly stopped supplying us, so we had to make adjustments to our supply chain, including our process of purchasing, manufacturing, and living products. we will do the adjustments to our supply chain. we will change to other suppliers and use our own chips for the core components. i think the damage to the u.s. suppliers is even bigger than it is to huawei. we will have to manage continuity internally. the damage to the u.s. supplier is direct as they lose a customer. if the u.s. removed huawei from the entities list, that would be a solution. tom: what impact are you seeing on demand for your 5g equipment given the u.s. campaign to block access to huawei? mr. hua: although the u.s. has been launching a campaign among its allies, it is up to each country to decide its partners based on its own development demands telecommunication , demands and carrier infrastructure construction demands. i think there might be some impacts in places like australia, but there are others wh

a quick check on u.s. markets. two hours into the u.s. trading s&p stillow is lower, off 3/10 of 1%, nasdaq leading the losses. slowing sales into the full year, given some of the trade tensions with china. -- the vix, ithat call that unchanged. i will call this lower, weaker, but not panicky. guy: europe looks a little worse. it certainly does on the continent. the dax down 2.1%. there are individual stock stories in their hurting the dax. downsideding sharply -- that is the monsanto roundup story. more gloom out of the aviation sector. the london market only down four of 1%, but, -- 4/10 the pound is kind of rescuing the british stock market. ♪ guy: 30 seconds to go until the end of regular trading in europe. a bright red trading story on the continent. mib down.ftse nordic markets down. the london market faring better. let me show you why. the reason is the british pound continues to fall -- this is a one-week chart of the pound versus the dollar. a similar story when it comes to the euro. a sharp move lower as we price and the possi

u.s.-mexico border is the worst i have ever seen it. i have been reporting on this issue for over 15 years and we're at catastrophic levels. the way we're treating human beings is in no way we have never done in the past. amy: as scabies, shingles, and chickenpox spread among migrant children being jailed by border patrol in texas, we speak to the prize winning john carlos frey, author of the new book "sand and blood: america's stealth war on the mexico border." >> wrote the book to expose our militarization at the u.s.-mexico border. the stealth war at u.s.-mexico border includes casualties as well as all of the pieces of rule. war right inscale our backyard. amy: all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace reportrt. i'm amy goodman. a report by nbc shares new accounts of mistreatment and sexual violence experienced by locked up migrant children at a yuma, arizona, detention facility. in nearly 30 accounts collected by health and human serv

the u.s. could hit europe with more tariffs and here's a hint, it has to do with a big old jet airliner >>> opec agreeing to extend production cuts. up next, key meetings between the cartel and russia. >>> plus nike is pulling a sneaker featuring an early american flag after colin kaepernick complained. those details coming up. it's tuesday, july 2, 2019, "worldwide exchange" begins right now. ♪ >>> good morning welcome to "worldwide exchange." i'm dominic chu. brian sullivan is reporting from opec in vienna we'll hear from him in a moment. first let's get you up to speed on what's happening with the markets. futures pointing to a modestly lower open right now if these futures losses hold into the start of regular trading, the dow would be off by 52 points. the s&p down by 5. the nasdaq down by 23. treasury he yieyields also in fa global yields take a leg lower the ten-year 2.01% here. two-year note yields, 1.77%. let's go worldwide asian trade probably a little bit more mixed the nikkei in

coming up, apple urging the u.s. to keep its mac pro out of the trade war, but president trump says the iphone maker -- plus francis coming up with its new digital tags and trump is going to strike back, discussing what it could mean for tech giants like facebook and amazon. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. ♪ emily: this is "bloomberg technology." i'm emily chang in san francisco. apple and goldman sachs' new credit card is weeks away from launch, possibly as early as the first half of august. the apple card was announced on stage at an event in march, enticing consumers with no fees, iphone integrati

u.s. and china, at a certain point in their relationship, -- are at a certain point in the relationship, and we have exit in europe. brexit in europe -- europe. the key question for investors is, whether a combination of central-bank action and political rationality comes together to provide this nominal growth. guy: let's say we don't get the latter but we get the former, is the fed cuts enough? jonathan: if you don't get a big step up in the trade war between u.s. and china, getting full tariffs, you hit 2% global growth, so you are seeing a significant drop down in global growth if you see full-blown trade wars. we not heading there. guy: the market is pricing in fed rate cuts. what effect will those fed rate cuts have? will they keep the market story on track at this point in time? the bond markets moved aggressively to the downside. where does the marginal advantage lie on either side of that? 60/40, inning a rebalanced a little bit into the bond story. talk to me about what is going

the growth of the u.s. economy continues to confound expectations on tuesday some of the country's biggest banks reported mostly strong 2nd quarter results covering the period from april to june j.p. morgan chase by total assets the biggest bank in the u.s. unveiled better than expected quarterly earnings although other indicators on central investors its rival goldman sachs saw a dip in its profits but they still exceeded analysts expectations. goldman sachs results were boosted by strong growth and its equities and lending divisions of the revenue slipped by 2 percent year on year. net income also declined even though the bank still posted solid profits of $2200000000.00 for the 3 month period j.p. morgan chase said revenue in its retail bank division surged by 11 percent but investors were concerned about slower loan growth tighter lending margins and soft capital market results net income still exceeded 9200000000 well ahead of expectations. the bank's c.e.o. jamie dimon said positive momentum in the u.

so the u.s. financial services company capital one has revealed that the personal information of more than 100000000 people was still during a cyber attack at risk and names addresses and phone numbers of credit card applicants in canada and the u.s. including yours truly a suspect we understand was arrested on monday capital one says the hacker exploited a weakness in its systems that's how they described it let's talk about that now here from our d.w. business stephen beard so stephen this what they're saying one person has been arrested in connection with this right but this is as you correctly have said this is a case of walking in the door after the horse has left the stable right in this case this is something where the person was arrested the crime is the fact that this allegedly perpetrator broke in and took these files released them but obviously more crimes can happen with all this information that's out there that's the biggest concern is that it's not over for people the fact is this

between iran and the u.s. . the u.s. president says once again attack the british prime minister the u.k. ambassador in washington after the publication of leaked diplomatic cables which sharply criticized the white house branded series of may fullish called british diplomat kim derek very stupid and wacky guy. the u.a.e. appears to be withdrawing some of its forces from yemen that's according to media reports quoting senior amorality officials describing it as a redeployment and insist they remain committed to the saudi led coalition fighting the rebels in 2015 the rebels are calling for a full withdrawal though jamal a shell has more. after 4 years of fighting reports say the emirates are reducing their troop numbers to pave the way for what they're calling a strategic redeployment plan in yemen the 4th using those opposed to the u.a.e. saudi war say it's a withdrawal a sign that the 2 countries are losing the war in reality it's difficult to know the exact reason behind the troop withdrawal 4 years since the war began

u.s. economic growth sees a surprise a slowdown d.w. business with the gentle doma law is next don't forget you can get all the latest news information around the clock on our website at www dot com i would like. earth. home. of species. a home worth saving. those are big changes and most start with small steps but global interiors tell stories of creative people and innovative projects around the world. news that could. be used drainage solutions and reforestation. interactive content teaching the next generation of the fundamental protection. using channels available to inspire people to take action and more determined to build something here for the next generation. sfi environment series of global 3000 on t.w. and all mine. broken promise from the white house tax cuts and increased spending had supposedly propelled growth to 3 percent in 2018 but a recount shows it missed the mark. also on the show the u.s. justice department approves the merger of t.v. vile and sprint bringing togethe

in the u.s. city script -- citigroup and j.p. morgan, goldman sachs later in the week and even nonfinancial select taiwan semi conductor on thursday looking for any potential trade war implications there, and whether it tells of the wider story about how companies are reacting to the changing landscape of global politics, how it gets factored in to prices and whether it would get more justification for valuations and equities to keep going up given the discount rate has come off quite significantly. joining us. for you can check out our gtv library for the charts you just saw there. go to gtv . shery: let's return to our earlier story. maybe i have -- ab inbev's decision to can the hong kong ipo. this has brought shares down in brussels and has major implications for the hong kong market. drew bernstein is a comanaging partner who advisor firms on whether going public in hong kong or the u.s. great to have you with us. let's talk about what happened with ab inbev. expectations were high. we a

u.s. industrial exports to avoid a war of tariffs between the e.u. and us. a welcome to do business asia want to jones berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a stick tackler stock today share prices soaring one company angy microelectronics technology jumped by more than 400 percent a so-called stock market is part of china's attempt to assert itself as a global tech leader $25.00 companies from i.t. and other sectors on listed on the new tech board which is operated by the shanghai stock exchange china has the world's 2nd biggest equity market behind the u.s. but it's been criticised for high levels of speculative activity and a lack of governance. lots to talk about and i'm happy to have a reporter cliff it couldn't here with me in the studio who knows china and has taken a closer look at this new take a market and mazing launch to the stock market what explains such success on day one well it's only 2015 that we there were

u.s. china trade negotiations resume and shanghai are we heading for a breakthrough our experts now. welcome to business live from berlin i want to get jones good to have you with us it's an exist but for some big names it's also the season of bad news german chemicals company bias as it is unlikely to achieve its profit goal for this year and the reason the company says it's now facing more than $18000.00 legal cases in the united states over a herbicide that's alleged to cost can set by i gave an update on the numbers as it posted its financial figures for the 2nd quarter. has been the subject of protests around the world in recent years perhaps like life or saying it is causing by a major headache but thousands of people in the usa the effects of the chemical for them has been even worse the weight of lawsuits have fallen on bias since its $87000000.00 takeover of monsanto the maker of weed killer round up which contains life a site in the 1st handful of those cases to go to court jurie

. >> the u.s. economy is doing really very well. >> the u.s. consumer really dominates in terms of the overall gdp number. >> headline gdp growth is in line with what everyone expected. >> wage growth, income growth has been relatively strong. >> government spending data, quite strong. >> there is some upside risk to the economy. >> the consumer and the labor market side of things is looking quite good, but manufacturing is under pressure. >> there is clearly a pretty significant dislocation between the industrial economy and consumer economy. >> it is the composition of the data here that is worrying the fed. >> there are pockets of weakness. >> potential u.s. gdp is less than 2%. >> we do see a further deceleration in the u.s. economy here going forward. >> ultimately, we are moving back toward a lousy trend. jonathan: joining me around the table to discuss here in new york, marilyn watson of blackrock, bob michele of jpmorgan, and george bory of wells fargo. marilyn, you know how this works. you

in the u.s. signs that a president trump thinks he might have gone too far he told reporters that he disagrees with the ugly chanting at a campaign rally in north carolina at that event trump repeated his attack on a group of democratic congresswoman whom he branded un-american that's when the chanting started echoing racist tweets by trump the next day the u.s. leader try to distance himself from his supporters words. he stepped out confidence and in no mood to back down donald trump was heavily criticized for his racist tweets against 4 democratic congresswomen but he's doubled down on his comments suggesting they should leave the country. the suggestion for the hate filled extremists who are constantly trying to tear our country down they never do the good to say this was a hey if they don't like it a little leaves little league i. love the challenge of leaving. and then this from his supporters. here are the targets of trump's attacks 3 of the 4 women were actually born in the u.s. and around

british ambassador to the u.s. resigns over the leaked cable scandal and which is private e-mails exposed are far from glowing review of donald trump and his administration. team from a wall comes under fire from u.s. democrats for links to billionaire jeffrey epstein news accused of multiple cases of child sex abuse past despite his close ties to both camps of washington's political elite.

the u.s. is the biggest economy it's the richest and it should get more of a say but the appeals body is not run like that he thinks that they should have more judges so that the u.s. wins more of these cases it will take things like this before you. colfer reform as they say with 164 members but even getting the whole visibility yeah exactly back to the tariffs just briefly who's going to hurt most from these additional all these threats of additional 4000000000 dollars in tires well the u.s. futures stop plummets of the debt so the future ship stocks that little and u.s. spirits come so has criticised the times in arms last i said they're going to negatively impacts farmers retailers they they actually a lot of their membership are you based and drinks companies as well they just don't want it the u.s. is obviously. has the e.u. rather his has a nudge them coming to tariffs and earlier this year they're obviously really worried about the u.s. coming off the e.u. cars which would massively da

and if the u.s. continues with strong arming with same sions will never would want something through another country then other countries are going to move further in that direction. now with us democrats readying to grill special counsel next month over his $500.00 page report into donald trump and his 2016 campaign a man jailed as part of the pro forma trump advisor george papadopoulos claims he was set up by investigators he was a foreign policy adviser during donald trump's 2016 presidential campaign and pleaded guilty to lying to the f.b.i. in 2017 about his contacts with officials linked to russia he was jailed for 12 days and discovered he still serving a 12 month supervised release parties going underground spoke to george papadopoulos among the topics broached allegations that a strike he was spying on him and feeding information to british intelligence you can watch the interview unfold it is today. april 20th 2016 i reached out to for the 1st time by the australian government in london whe

u.s./china trade war >>> deutsche bank shares also jump as sources tell cnbc the german lender will consider up to 20,000 job cuts as part of a major overhaul >>> and crude extends its gains after iran signs off on a saudi/russian plan to continue production cuts, but some oil ministers are unhappy the decision was made without them >> if opec wants to be alive, should decide inside opec, not to receive their instruction from outside ♪ >>> to bring you the latest numbers from the eurozone in terms of manufacturing pmi the month of june, final numbers, they have come in at 47.6 that is against the preliminary number of 47.8 and that's against the 47.7 number we saw for the final back in may remember, those numbers are the fifth straight month of contraction factory output, new orders seeming to deteriorate steeply and the bank log of work declining sharply. back in may that number 47.7 the sentiment has deteriorated with weaker demand in export markets and trade war disruption look at how

trade negotiations between the u.s. and china set to resume on tuesday. u.s. treasury secretary steve mnuchin and robert lighthizer will meet the delegation in shanghai with both sides showing little desire to compromise. friday, president trump indicated a deal could be a ways off. pres. trump: i think china will probably say, let's wait, let's see if one of these people who gives the united states away could possibly get elected. i will tell you what, when i win, like almost immediately, they are all going to sign deals. emily: let's get to l a where sarah mcgregor is standing by. what should we expect when these talks resume? sarah: it is really hard to know right now. that's the million-dollar question. we know from the u.s. side, they want to start off where talks broke down in may. they want to rehash that document that they said at the time was 90% complete. the u.s. says china reneged on some of the promises they made. it is hard to see, if they are starting off from dispute, how they will find a way to go forward. i think we will be all carefully watc

not only is it below 2%, the u.s. 10 year yields u.s. and consumer inflation so that is the spread i had, falling below the red line. when you buy a u.s. 10 year yield, you are not even getting paid inflation, so it is hard to see how that could be attractive to a lot of investors, especially foreign investors, which is weighing on the dollar. we continue to see yields sinks lower. nejra: dani burger in london. for us in mumbai. to follow off from what she was saying, we are asking the question on mliv -- why don't stocks care about slumping pmi? you can join the debate. tv on your bloomberg. we have a chart showing contractionary territory for pmi's. stocks move higher in higher. why don't equities care? >> i have heard many arguments because it is a question i thought about a lot. the most plausible argument is that market smiles think that central banks will be able to turn things around. what i would say is if you look evidence, it is really hard to believe central banks will completely immunize asset prices that are supposed to

the u.s. the s&p 500 and nasdaq closing at record highs, the s&p with its biggest jump in three weeks, the nasdaq in five. we had twitter and alphabet leading the rally and positive results. that sent top -- tech stocks higher. this coming at a time when we had stronger-than-expected second-quarter gdp numbers. but did nothing to stop expectations at the fed. it is a busy week for earnings very and we have 160 firms on the s&p 500 reporting earnings, of this season. futures not doing much. let's see how we are setting up in asia. paul: we have the new zealand open -- we have market new zealand open, trading. futures markets also looking reasonably positive area japan looking kind of flat, futures trading out of chicago not doing a great deal. similar for the kospi, futures pointing higher by .2 5%. also important week for the bank of japan, on central bank watch and we will have more on that story later on. for now let's get to first word news. reports from london say the u.k. is stepping up p

the u.s. the institute for supply management tossed out one-month later last year and now we just got the latest reading for june and scott, it's at a three-year low. anybody worried about this? >> i think there are some individuals out there starting to worry and that's why i guess the fed is looking at cutting rates three times. right now, the market's in a tricky spot. everyone is talking about 2954 in the s&p. know what, we were there in september. ten months ago. we were there six weeks ago. now what we're looking at is can we get traction above it. i think people involved are having a hard time adding to positions when corporate earnings season is not going to be so great coming in the next month because some of these tariffs are weighing on their earnings and earnings projections. right here, it's hard to get so excited but it's also hard to get so bearish that if we do get more negative data we will get those rate cuts. it's a little bit of a yin-yang. >> you can't have a great economy

u.s. president trump had dinner with the queen trump reveled in the royal treatment traditionally reserved for a select few britain's special friends but then came the leak the whole world knows what the u.k. ambassador thinks of president trump tonight london in washington in a royal mess that special relationship is suddenly a strained strange relationship berlin this is the day. a frenzy very clear the way he feels about the ambassador and his comments last for out of washington i think he's a fine public servant has done a very good job you should look at the president tweets we're not always going to agree with each other. that the british government will be trusting the seekers and it looks like we're on the precipice of having a prime minister. well i've got a good relationship with the white house. also coming up italy shuts down one of europe's largest migrant centers and warns boats carrying rescued refugees no docking no well tonight a special report on fortress. lampedusa is at

dollars the u.s. we go to around about $4000000.00 that all sounds great until you look at what the men's well chapattis going to be in a few years time it is a staggering $440000000.00 u.s. dollars and we can hear now from the u.s. women's captain macon repeat that. it certainly should be more and i think. yeah i don't even know how to answer that question but i think there needs to be a big investment in the women's game so maybe someone like god forbid we be overpaid maybe i could just maybe i could just happen like one time in the month you know because there. is not just a voicing her opinion she has a lot of support but also the media does yeah absolutely in the been a huge number of tweets so let's just have a look at some of them we've got one twitter user who's writing the u.s. w n t doesn't deserve equal pay now they deserve more pay than the u.s. men's national team because the women have won for well cops on the mend. $10.00 the women all champions and the men get paid more for a barely qu

dollars the u.s. will go to around about $4000000.00 that all sounds great until you look at what the men's well chapattis going to be in a few years time it is a start going $440000000.00 u.s. dollars and we can hear now from the u.s. women's captain macon repeating. it certainly should be more and i think. yes i don't even know how to answer that question but i think there needs to be a big investment in the women's game so maybe someone like god forbid we be overpaid maybe i could just maybe i could just happen like one time in the most you know because of their. religion it's not just you know voicing her opinion she has a lot of support on our team but also yeah absolutely in the being huge number of tweets so let's just have a look at some of them we've got one twitter user who's writing the u.s. w n t doesn't equal pay now they just more pay than the u.s. men's national team because the women have won for well cops and the men. 10 the women on champions and the men get paid more barely qualifyi

u.s. unveils a new asylum policy aimed at limiting the number of central americans arriving from mexico. and overwhelming vote in the u.s. house condemning human rights abuses in saudi arabia. and the monsoon rains have eased but the death toll is rising will be on the ground in nepal for the latest. for democratic us congress women have responded sharply its attacks by president donald trump on their patriotism and citizenship they are among the hyped highest profile members of the new house of representatives now all 4 reacted strongly to trump's tweets and comments this country was founded on the radical idea that we are created equal and endowed by our creator with in inalienable rights and yes we have a long way before we fully live up to those values. it is for this reason precisely that we have to take action when a president is openly violating the goals he took to the constitution of the united states and the core values we aspire. as marsa luther king said all we say to america i

u.s. futures edge higher on independence day. traders are looking ahead to payroll numbers that could be make or break for the fed. scott morrison drive's sweeping tax changes to beast -- boost australia's economy. shery: narendra modi under pressure to make good on his promises in friday's budget. happy july 4. u.s. stock and bond markets closed on the independence day holiday. let's see how things are shaping up for the asian market. sophie: tgif here in asia and happy fourth to our american friends. here in wellington, kiwi stocks opening higher by .1%. we could be looking at a muted start. samsung earnings day, and we could be looking to extend gains after being boosted by .emiconductor suppliers in tokyo, we could see potential at thes for the nikkei end of a choppy week. tvs is the latest to downgrade japanese equities. paul: thanks very much. let's get to first word news now with selina wang. na: brexit cheerleader boris johnson has told the conservative party campaign split forat t

so far the u.s. has imposed customs duties on chinese goods valued at $250000000000.00 china has responded with tariffs on $110000000000.00 worth of goods and all $360000000000.00 worth of merchandise is affected by the trade dispute to avoid further escalation and chinese president xi jinping agreed to a form of cease fire at the osaka g 20 in june however heading into this round of talks there is little sign of agreement from either side. we spoke to china expert richard mcgregor and i asked him how likely it is that china will back down. i think they're settling in now for a long trade war they're not nearly as exposed to the us as the market as they once were they're not nearly as reliant on export exports as they once were about i think china is hurting it's chinese private companies which the exporters are hurting most china sort of premie our technology company our way is also under a lot of pressure but i don't think china thinks it will get much by giving away a way to the u.s. so they're re

the fed alone, the u.s. fed said tariffs already in place will cost the average household in america some $800 a year. we certainly don't want an escalation. it will be a long way to go before we reach any type of agreement. within last year-and-a-half, secretary ross, secretary mnuchin publicly announced to great fanfare announced a agreement with china, only have the white house say no, that is not good enough. most recently in may, we thought we had an agreement with china and chinese felt it was not satisfactory. long ways to go. long ways to go. connell: fair enough. i'm curious on your view about this huawei situation. a lot of debate back and forth. what is huawei? now that some u.s. companies are allowed to do business wit again. that certainly helped chip-makers and the stock market. is there a needle the president can thread, where companies in the u.s. can still do business with this chinese company but huawei itself will not be able to import its equipment into the united states? or do you have t