u.s. jobs market. pressure on paris. washington launches an investigation into plans to tax big tech which could mean tariffs on french goods and services. and the u.s. has just weeks to -- the task is proven near impossible. impossible.ear shery: equity markets near record highs with the s&p 500 at one point top and 3000 for the first time ever. industrialsnd weighing on the index. the focus was entirely on chairman powell's testimony in congress which suggested a july rate cut was on the table. not to mention we got the minutes from the june meeting. that also showed a dovish turn. followed that was factored into the markets in this session. of course we are not done yet. chair powell testifying again in congress tomorrow at the senate banking committee this time on thursday. and we also have the ecb minutes out not to mention u.s. inflation numbers. for the time being, asia futures -- s&p futures holding study. let's get a check of how markets in asia are shaping up. sophie: this thursd

the u.s. and saudi arabia, and the dynamics between saudi arabia and other countries in the middle east. the middle east policy council hosted this forum. it is about two hours. >> i am pleased to welcome you to this conference. the topic today is the saudi arabia united states relationship. many of us have supported this relationship from deepening counterterrorism cooperation to championing women's rights. the challenge for each side is to reconcile cooperation, national security issues, while valueing very different systems. under the current leadership of both countries, these tensions have been brought into sharp focus. the nature of our military operation, human rights violations, addressing regional bad actors and more demand attention and likely change. these issues are ripe for review, and we are fortunate to have an experienced group of panelists today to delve into factors at play affecting the u.s. approach to saudi arabia, i relationship, and its future. today's turn to program, i

we are hearing the u.s. is also talking more about curbs on steel when it comes to china, as well as vietnam. still extending the tariff target list here in this part of the world. that could still be a risk when it comes to markets. seeing the likes of asx 200 up 6/10 of 1%. we are getting close to the 1% high with sydney stocks. look at the dollar. interesting to know what we have seen when it comes to the thai baht, continuing its strength. we heard from the blt. -- bot. thailand officials are worried about the strength. it will be worries some whether it will continue on the reluctance to ease a little bit more. the central banks seem to be tilting more. thai baht is strengthening a fifth of 1%. remedy is looking strong -- renminbis is looking stronger after we heard from president trump on twitter accusing china, as well as europe, as currency manipulators. our guests saying it will take a lot for the u.s. to intervene. let's see what we are seeing when it comes to commodities. this is pulling back. alu

the u.s. president calls and other nations to protect their ships. corpus galore, boeing shares drop. europe, the new chief executive, we hear from the head of the groups china's business exclusively. this is long-term, we have one of the biggest production bases. nejra: welcome to "bloomberg daybreak: europe." 6:00 a.m. in london. williams, andom the markets react. bond markets price 41 basis points, we have pulled back from that, but yields across the curve. yield, to your yield drops below 1.80. we move up three basis points today. we see dollar reaction to the fed speakers. yen, and japan inflation data pushing the yen weaker. the youngf equities, affecting asia, but u.s. futures on the front foot. today's get gains in session. gold hitting a fresh six-year high. brent jumping on concerns around geopolitical risk around the strait of hormuz. juliette saly in singapore with lots more for us. a pretty happy friday for asian equities today. a strong rebound coming through in japanese stocks,

u.s. industrial exports to avoid a war of tariffs between the e.u. and the u.s. . a welcome to the business asia berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a stick tacuba start 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 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 criticized 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 was taking a closer look at this new take a market and mazing launch to the stock market what explains of success on day one well it's only 2015 that we there were billions lo

u.s. sanctions. u.s. president donald trump wants to pressure tehran into more concessions over its nuclear program he says his strategy is working a rather showing their colors going to work out very nicely a rat is in big trouble right now their economy is crashing it's coming through a credit droid to bring soldiers back home because they can't pay a lot of bad things happening to them and it's very easy to straight out or it's very easy for us to make it a lot worse but with one 5th of the world's oil exports routed through the strait of hormuz the standoff could also spell trouble for the global economy. atlanta but have by is a middle east analyst based in germany and he joins us now for more so it really does appear that iran is provoking the united states and also its allies is there a real danger that the u.s. will retaliate military it militarily and that we're going to see a full fledged war 1st of all both the united states and the united kingdom will be aware of iran respondin

u.s. president donald trump delivers a speech heavy on pomp and pageantry while light on political messaging. >> together, we are part of one of the greatest stories ever told. the story of america. nejra: good morning and welcome to "bloomberg daybreak: europe." 6:00 in london and we are waiting for the u.s. jobs report. ahead of that, we've seen the 10 year yield it. to bond markets open after the celebrations. we got to 194 and our study at 1.95. futures come up .1% on u.s. equity futures. week, we hit records on the s&p 500, nasdaq, and dow. the dollar has been treading water the past few days. euro, it is continuing the uptrend since the beginning of june and all the action has been in the european bond markets. the tenure bund yield dropping briefly below the ecb's deposit rate beyond -40. the action in btp's has surprised the market in terms of the powerful rally. we've also seen greece's 10-year hit record lows. gold, there we are above $1400 an ounce. that is a point of discussion

the u.s. jobs report. speaking of jobs, deutsche bankers across the region will learn their fate after the board decided to shut down its equities business. mind, southo top of -- to discuss japan's export curve. let's get a quick look on the lira area we did see it slide as much as 3.5% after her to one -- after president are one -- reading the 582 handle against the dollar and threatening the currency. thanks very much. let's check in on first word news with lindo wing. -- selena weighing. reporter: the conservative democracy party has won a sweeping victory in greece, giving a mandate to rebuild the economy after 10 years of crisis . they took 40% of the vote compared with 31% for the leftist party. he lost support after agreeing to demand for more spending cuts with international creditors. top what has economic advisor larry kudlow expects u.s.-china trade talks to be back -- they haven't held negotiations since mid-may. they resumed talks on the phone. they agreed to review -- revive con

the u.s. and china the trade agreement, which is weighing on the overall outlook for the electronic sector and for demand in that industry we saw japan put restrictions on south korea, that would make it more difficult for samsung to get some required parts it needs to make chips. chips are the most profitable part of the business it's an seen the initial part of this company's bottom line we saw a drop in shipments to huawei so huawei buys chips from samsung, inned addition to crean its own chips. the outlook for samsung could be bigger in the smartphone picture, but there's also a chip supply glut. >> you mentioned the idea that if huawei faces restrictions globally, samsung could step up and say we'll sell more smartphonesto people who would be buying huawei if huawei is one of your biggest customers for chips, that comes with an edge >> it's such a push/pull between the companies, each has really made a push to make their chips inhouse. samsung, that's the biggest part of its business. if

buthe u.s. decision to take away the program sets the afghans back but i don't think we have been transparent enough to say that isn't a result of the afghans but it's a position which we need to be transparent about that ticket that political will and commitment. it's to understand what our decisions do. to show them progress over time we also need to talk about in the u.s. military you are not going to have a lieutenant colonel or colonel in five to ten years so we are starting to see now is this next generation of the nato advised forces coming in to the fold to the positions and they are highlighted as the good news stories so i think we are starting to have some highlights we can show that say this is the outcome of long-term security, but i would argue that the new generation still it's too early to judge completely as far as the ability to do something. >> if i could add to that. if you read the report, the common refrain is to be honest to the taxpayer and more honest congress as to the

ambassador to china, former u.s. commerce secretary, and former governor of the state of washington. thank you for joining us this morning. we ask you to come on as part of your co-chairmanship, honorary co-chairmanship. we are talking about trade here. tell us about your organization and what you are looking to do right now. guest: i'm very proud to be part of this organization, which is made up of so many different industries and business groups from around the country. including agriculture, manufacturing, minority chambers of commerce, pharmaceutical companies, and it is really to promote the passage and approval of congress for the usmca. 2.0nd of call it nafta because it is modernizing nafta, which was approved by the congress more than 25 years ago and since then our economy has changed. we have seen some of the defects and shortcomings of nafta. our economy has changed. we now have so much commerce in terms of e-books, video games, music and so forth and we really need to update nafta to both address the shor

the u.s. the s&p 500 closed at the highest level in more than a week, up 7/10 of 1%. rising for a second consecutive session. we have some strong earnings coming from the likes of coca-cola, united technologies. not to mention lockheed martin. we also had investor confidence that a deal would be struck when it comes to suspending the u.s. debt ceiling. in the afternoon session, we got news that ambassador lighthizer could be going to china next week for the first high-level trade negotiations since may so that really spurred investor confidence. the dow gaining 7/10 of 1%. almost every sector in the green in the s&p 500 and hit higher by industrials and materials. the nasdaq gained 6/10 of 1%. although in the after hours session, u.s. futures down 1/10 of 1% so we will see how we are setting up her asia. sophie: asian stocks are eyeing a mixed start, while initial currencies will have a stronger dollar to contend with. cost speed resilience will be tested amid a murky outlook for the tech heav

the u.s. edging lower here. it is up about .6%. david: you don't see it here, we may talk about it today. beef imports in china are reaching a record after what has been happening with the african swine flu. a top story is the imf. lowering its global growth the of and the expected u.s./china trade talks. hays,g us now is kathleen our global economics and policy editor out of new york, and air china correspondent and coanchor, tom mackenzie in beijing. to the according sources, we hear lighthizer is headed to shanghai for head to head trade talks. what can we expect this time around? tom: they have been having phone calls, at least 2 sets of phone calls that have led up to the meeting we are expecting. face-to-face meeting in shanghai between monday and wednesday. from the u.s. side, it will be led by robert lighthizer. as you mentioned on the chinese side, the commerce minister, something of a hardliner when it comes to trade talks. we are not expecting any major breakthroughs. that has been

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. it presents a very clear the way he feels about the ambassador and those comments as for a boxer in washington i think he's a fine public servant has done a very good job each of the president tweets we're not always going to agree with each other people accuse the president. of the british government will be trusted he seekers it looks like we're on the precipice of having a prime minister i think it's. well i've got a relationship with the white house. also coming up it only shuts down one of europe's largest migrant centers and warns boats carrying rescued refugees no docking oh well tonight a special report

the u.s. says it's working to form a military coalition to protect shipping waters off the coast of iran and yemen. hello i'm daryn jordan this is live from doha also coming up a diplomatic route between the u.k. and the u.s. continues president from calls the british prime minister foolish and labels ambassador stupid. china demands the u.s. immediately counsellor $2200000000.00 sale to taiwan. on the internet finally get switched back on in savannah month after the military crackdown that killed more than $100.00 people. the u.s. says it's attempting to form a military coalition to protect shipping off the coast of iran and yemen the trumpet ministration has blamed terror and on its proxies for several attacks on tankers in the gulf in the past few months a 5th of the world's oil is traded through the area only a commander in iran has revolutionary guard issued a new threat against u.s. bases and aircraft carriers stationed in the region saying they'd be destroyed if they made a mistake you

the 1st sitting u.s. president to visit north korea who would have thought the world's most militarized border to boot they shook hands again and talked him german and trump trying to revive denuclearization efforts that were clinically dead made some progress so we had to start small form teams to find common ground little things that could lead to bigger ones and spoiling everything as is tradition now those sanctions this thing on memory are some point look i'm looking forward to taking well i don't like sanctions bring on his country i'm looking forward but the sanctions remain useful but at some point during the negotiation things can happen and that's what we'll be talking about promises promises it was sanctions the torpedoed the last summit and the state says trump until this verified denuclearization progress however long that takes and that's what bugs north korea how can 2 sides have meaningful honest discussions when one of them is on its knees being strangled by the this is a manifestation of

to criticize them the u.s. could stop the saudis from bombing yemen for example it could stop the u.a.e. from shipping arms clandestinely to various rebel groups but the u.s. chooses not to do so because it would run counter to the economic interests of the arms industry and the shia strategic planning of people in the state department and of course might interfere with the oral business the u.s. runs throughout the region. now woman has been kicked off an easy jet flight for wearing clothing that was too revealing. born a 31 year old mother of 2 was heading home from her holiday in spain when a flight attendant didn't let her board the attendant said she needed to put a top over her c 3 brands but also on say she can pawed with the request and still wasn't allowed to board having to spend the night at the airport as a result i never show my body off at home but i felt spontaneous as i was on holiday it made me feel so self-conscious and the crew of our harbel and made me feel cheap she said you need to put a t

the u.s. military shot down an iranian drone in the strait of hormuz. iranian foreign n minister mohad javad zarif spoke out again -- against the harsh u.s. sanctions while at a meeting of the non-aligned movement in caracas, venezuela, sunday, calling them "economic terrorism pure and simple." meanwhile, the pentagon has said u.s. troops are being deployed to saudi arabia to defend american interests from emergent credible threats. the saudi kingdom has not hosted u.s. combat forces since 2003 when donald rumsfeld announced their withdrawal. we'll have more on the latest in iran after headlines. president trump isis continuing his attacks on four progressive congresswomen of color after tweeting last weekend that they should go back to the "crime infested places from which they came." they are all of american citizens. trump tweeted sunday -- "i don't believe the four congresswomen are capable of loving our country. they should apologize to america and israel for the horrible, hateful things

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 trump 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 the

if the blood of u.s. forces or u.s. personnel is spilled and we are in a situation where we have to confront militarily, do we want to be working with saudi arabia? do we need them for airspace access, for basing of forces, for maritime threats? israel. there's a debate right now on the hill, i think, more on the democratic caucus than republican, about the future of the relationship. there's no question that relationships between israel and gulf countries, including saudi arabia, are expanding. is it in our interest for these countries to be working together? assistance to syria. the trump administration cut off hundreds of millions of dollars in stabilization assistance to northeast syria. the saudi stepped in. if it's about burden sharing and about the u.s. government not always being the first entity to be paying assistance dollars, do we want to be talking to riyadh about where they can share the burden? iraq. one of the key premises of u.s. policy to iraq is if we don't give the iraqis options, other than iran, th

the u.s. will lead on 5g. we will see what north korea does. how does this potential north koreabout change your objection here? rep. gallego: i object even harder. i think other corporations and members of congress should be worried about this. you --pe really tells this key national security issue. president is not understanding what could happen if huawei is able to have access to our technology market as well as our allies, and is trying to display one trade war against each other. we should not be trading access forhe 5g market for huawei us to go back to what we had pre trade war, for us to be able to sell products to chinese markets. this will have longer-lasting effects to our national security than this temporary trade war. emily: the leaders of these u.s. companies will say that the blacklisting of huawei has significantly hurt their bottom line. some of these companies provide chips, forrovide consumer-products that they say don't have an effect on national security. rep. gallego: t

u.s. removing additional tariffs. pfizer and a drug deal, combining with their generic drug business, a move that could trigger more consolidation in the pharmaceutical space. welcome to "bloomberg daybreak." i'm alix steel. i'm going to lay it out for you, go to sleep and wake up at tuesday, 2 p.m., nothing big is going to happen ahead of the fed rate decision. futures are down by two points. we saw the s&p closing at a record high on friday. euro-dollar goes nowhere, generally a stronger dollar story with the 10 year treasury yield down to basis points, the crude off 3/10 of 1%. soggy is how i would put the market action. time for your morning brief. time for a look at the busy week ahead. robert lighthizer and u.s. officials travel to china for the first face-to-face meeting since may. tuesday, the bank of japan rate decision plus earnings from bp and apple and on wednesday we will get the fed rate decision followed by the chairs news conference and earnings. thursday we will get the ba

the u.s. labor market due at 8:30 a.m. eastern time the biggest economic numbers. >>> a run from risk. global government bond yields trading near record lows we'll tell you what that says about the economy around the world. >>> a warning. samsung expecting a drop in profits and it's blaming the u.s./china trade dispute that's coming up >>> shaken, a 6.4 magnitude earthquake rattling california, the strongest quake in two decades. >>> and trouble for big tech names out there. apple and facebook both experiencing outages over the fourth of july holiday it's friday, july 5th. "worldwide exchange" begins right now. ♪ >>> good morning welcome to "worldwide exchange." i'm dominic chu. brian sullivan is off today. here is how your money and the global markets are setting up. stock futures now pointing to a slightly lower open. the dow will go down by 38 points if these futures losses hold into regular cash trading you can see the s&p off by 5 points the nasdaq down by 10. the bond market right now

china, even u.s. or if u.s. and china trade tensions subside, it appears to us that it's very likely that the u.s. will be looking at markets like europe to go for them as well. it's politically popular for trump to embark on this route. support theartisan go against markets like china. yes, trade tensions remain very high. thanks for joining us. let's check in on the first word now with jessica summers. relations between the u.s. and iran have been further strained by the seizure of a tanker in the gulf. shipment washe halted north of the strait of hormuz because of a suspected smuggling of oil. pictures have only just been released. washington is demanding its release and says it destroyed in iranian drone that was threatening a u.s. warship. >> it took defensive action against an iranian drone which had closed into a very near distance, approximately 1000 yards. ignoring multiple calls to stand down and was threatening the safety of the ship and the ship's crew. the drone was immediately destroyed. jessica: t

u.s. approves a $2000000000.00 weapons deal with taiwan. sam is a that this is al-jazeera live from coming up after 4 years of fighting reports the u.a.e. is withdrawing some forces from yemen. donald trump calls the british ambassador to washington a pompous fall after the u.k. envoy says trump's white house was dysfunctional. running dry the drought could leave chile's biggest city without drinking water little more than a decade. china's foreign ministry is asking the united states to immediately cancel a potential sale of ons to taiwan the u.s. state department approve the sale of over $100.00 tanks $250.00 and crossed missiles and related equipment the deal would be worth around $2000000000.00 when haye has more from beijing. taiwan's military is built on equipment from the united states its main supply of arms announcements from washington of sales are always met by an angry response from china and this was no difference it's a crude interference in china's internal affairs and a har

the u.s. mca to the trade promotion authority process. recently the section 232 tariff in mexico and canada were left and producers look forward to congress with the consideration of the u.s. mca. in addition there have been positive outcomes with the u.s. and the wto, and the cases against china, on trade distorting price parts and tariff quotas as well as the restoration of full access of the u.s. be into japan. there are many good examples of the work you both had been doing. on behalf of u.s. agriculture allowing around the world and the committee looks forward to hearing about your continued efforts to eliminate trade barriers and role market access for our products. we simply have to get that done. however, these positive steps cannot truly be felt by producers until certainty and predictability is achieved in our global markets. everyone around this table understands what our producers are facing back home. on top of the already low prices for their crops, producers are working through

the u.s. threatening the german concept of for example south korea japan while the u.s. wants everyone to join it's at the end of the day against china. you know this is a very important issue at the moment you know there is always a strong rhetoric coming from the u.s. in the person of donald trump but we have the world the traits trading system has changed we have global value chains companies can shift profits from one country to the other and then we have china as a very specific big global player with a state owned companies where competition is not really an issue so the europeans and the u.s. have to cooperate stronger in light of the state owned companies from china taxation is only one issue just to mention other issues like individual freedom security of data it is not very constructive sustainable if europe if if the u.s. takes steps individually having china with a completely different trading system and not basically compatible in the long run with a competition oriented trading system and we haven't even mentioned china's tech behemoths weiwei. absolutely i

the u.s. team may ahead to beijing for new face-to-face negotiations if talks over the phone go well this week. shery: later in bloomberg technology global link, we take a look at all the concerns around the facebook crypto push. why analysts say libra is fanning the flames for critics. first, let's get you started with a first check of how markets closed on monday the u.s. we have equity markets fluctuating between gains and losses, just the finish slightly higher. investors pretty much focused on second-quarter earnings. we had tech stocks leading the rally with the nasdaq up 2/10 of 1%. steel stocks gaining ground after white house advisor peter navarro talked about an executive order to have companies use more domestic steel and iron for federal contracts. pressure coming from the energy sector and financials. a mixed bag of earnings for citigroup which plans to kick off the second-quarter earnings season. trading revenue dissing estimates. citigroup leading the estimates. every member of

stocks in asia climbing along with u.s. futures in the u.n. after the u.s. in china declared a truce -- and china declared a truce. trump said he would hold off on new tariffs and scale back on huawei. the white house economics council director says that trump is not giving the tech giant a pardon. >> this is not a general amnesty. they will remain on the list, and the national security concerns will remain paramount. nejra: we are asking the question, how long will the post g20 rally in risk assets last? reach out to us on your bloomberg. joining us for the hour is jane foley. great to have you with us. ja we do have a trucene:. -- we do have a truce. doesn't this remind us of what else rs -- of buenos aires. isn't this what you are bracing herself for? jane: most people in the markets see this. also in recent months, the market has been focusing on other different issues. this is the word containment, which is coming up a lot, is particular with respect to both sides. force tong china as a be reckoned with in terms of military, economic might. this is good

let's check in on u.s. futures ahead of the market open in new york after a seventh record high for the s&p 500, it is looking to open up at least 9 points higher the dow jones similarly looking to have a positive start to the day as is the nasdaq that is it for today's show here in london. i'm willem marx. thanks for watching. "worldwide exchange" is coming up in a few moments. when i was diagnosed with breast cancer, i went straight to ctca. after my mastectomy, i felt like part of my identity was being taken away. my team made me feel whole again. cancer treatment centers of america. appointments available now. cancer treatment centers of america. take prilosec otc and take control of heartburn. so you don't have to stash antacids here... here... or, here. kick your antacid habit with prilosec otc. one pill a day, 24 hours, zero heartburn. i was on the fence about changing from a manual to an electric toothbrush. but my hygienist said going electric could lead to way cleaner teeth. she said, get the one

news of a u.s. department spokesperson that the u.s. is stressing cooperation between south korea and japan. this comes after japan has restricted exports of three highly specialized products to south korea. traditionally, the u.s. has stepped forward in these disputes, especially when it comes to historical disputes between south korea and japan. the trump administration has not set anything as of yet, but a u.s. department spokesperson is stressing cooperation between south korea and japan. let's stay with geopolitics. yeartle after a president trump withdrew u.s. nuclear deal with iran. tehran's government has broken a restriction on its stockpile. how will the u.s. respond? i sat down with congressman mac thornberry, the chair of the top ranking republican of the house armed services committee, to find out what comes next. rep. thornberry: iran is trying to get european nations to back off some of the sanctions and hope by creating a crisis atmosphere, that they can divide the u.s. and our european allies and get some sort of relief

the u.s. shale boom because they may have to cut deeper and deeper when they need the cash flow? >> if they were a member of opec, they would be the third largest. for opec and saudi arabia, how long do they want to continue adjustment on their backs alone? they keep cutting and the u.s. keeps rising so, i don't think it's a discussion for this meeting, but if we're in the current price environment 12 months out, 18 months out will there be ary assessment they do want higher prices in the middle east, two thirds of the population is usually under the age of 30. they have a youth demographic they have to answer to. >> yeah. there's a lot more intrigue there as well. helima, thank you. we'll see you later on we have to go cool off here. those are the three main story lines. how frus ratsed is opec with the fact that russia and the saudis basically made the decision for them how frustrated is opec with the u.s. shale boom as well? what about iran? do they stick around we'll see if iran sticks aro

for the u.s. financial services company capital one has revealed that the personal information of more than 100000000 people was stolen 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 with a person who's rested 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 and that's the biggest concern is that it's not over for people the fact is this is the

for the u.s. financial services company capital one has revealed that the personal information of more than 100000000 people was still in 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 describe it let's talk about that now 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 walking the door after the horse has left the stable right in this case this is something with a person who's arrested the crime is the fact that this alleged perpetrator broke in and 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

sanctions u.s. president donald trump has increased sanctions on iran since he withdrew from the nuclear deal when year ago or today's move by tehran puts europe and an almost impossible situation of trying to define the policies of its main ally the u.s. can europe create a financial infrastructure to bypass the superpower of the u.s. dollar in order to keep iran's economy and the nuclear deal alive well so far that answer is no iran seems to think that the answer could be not yet how to tie the knot on a little while the europeans have failed to fulfill their promises of protecting iran's interests under the deal who to charge. at gaumont 2 actions by the europeans have not been enough so he islamic republic will move ahead with its plans as previously announced earlier in the process of our 1st phase of action on increasing our stockpile of enriched uranium as well as our heavy water reserves you know of an issue of the car that was iran's foreign minister earlier today i want to talk now with ou

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

dollars the u.s. for a go to round about $4000000.00 that all sounds greyson to look at what the men's well chapattis going to be in a few years time it is a starker in $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. 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 overpaid maybe i could just maybe i could just happen like one time in a month you know because of their. religion is not just you know voicing her opinion of me she has a lot of support 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 deserve equal pay now they deserve more pay than the u.s. men's national team because the women have won for well cops and the men. $10.00 the women on champions and the men get paid more for barely qualif

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 and washington in the royal mess that special relationship is suddenly a strained strange relationship. berlin this is the day. if very clear the way he feels about the ambassador and those comments that's for a boss or a washington i think is a fine public servant has done a very good job but you should look at the president tweets we're not always going to agree with him but many people accuse the president. of the british government will be tough to keep secrets that it looks like we're on the precipice of having a prime minister think it's obvious to anybody 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 d

this u.s.-china trade dispute, as you have written, is about so much more than trade, but let's deal with trade first. do you see some sort of limited face-saving agreement being reached in the near term? what would that look like? graham: i am still betting that it is only 51-49. over the next couple of months, we will see lighthizer and mnuchin reach an agreement with with the -- representative which will have further tariff increases and probably includes some reduction in the current tariffs. that will be good enough for xi in trump to declare victory for the time being, but it will be in thetemporary victory larger hostile relationship that i think is destined to get worse before it gets worse. shery: let's talk about the hostile relationship. what does it say about the rationale behind the relationship between the u.s. and china, if you go from what you thought would become a strategic partner to a strategic adversary? where are we headed now and how do you break the impasse? graham: a ve

u.s. blacklist. warnings of difficulties ahead. we speak to the company's chairman. i'm matt miller, in for francine lacqua in berlin. let's check on markets. gains in london, drops across europe. stoxx 600 down a half a percent. bp holding it back from bigger losses. to pound continues to weaken see thes, and you japanese yen strengthening. by 108. dollar can only .6 of yen. the fed is expected to cut rates tomorrow. yield and coming up we speak to the ceo of cap gemini, 9:30 a.m. london time. a lot to catch up on today as we have a slew of exclusive interviews. let's get the first word news from new york. ratesa: mexico's interest are too high for the slowing economy according to the president. the central bank has cap the key high,t 8.25%, a decade and this makes it one of the strongest currencies this year. the mexican economy may be in mild recession. >> [speaking foreign language] >> they are more cautious about inflation. ,his is not a bad thing, no, no this is not the wrong thing t

the u.s. data. and a number of domestic issues, self-inflicted wounds, if will our own trade policy uncertainty that we're injecting and while we've seen some good news, there's still a big cloud of uncertainty hanging over u.s. businesses and the fed is hearing that from their business contacts. and we're heeg sooseeing it in a flattening out >> he certainly did talk about uncertainty as a concern there but i want to go back to your first point, which is the global slowdown >> yes >> i think history would tell us that it has been very rare that the fed has reacted to global slowdown storm clouds and let that guide u.s. monetary policy. i think that's rare, number one. >> i would beg to differ >> let me just finish my point, julia. i think what's also rare is the idea that we would somehow import from overseas a recession to the united states that is pretty unprecedented, i believe. >> well, wily in unprecedented times in many ways and we have never been more integrated as a global economy or

u.s., the s&p 500 and the nasdaq closed at record highs. the biggest jump in three weeks for the s&p 500. the biggest in five for the nasdaq. we have twitter and alphabet leading a tech rally on positive results. gains coming from stronger than expected second-quarter gdp numbers. we will see a rate cut by the fed this week. a very busy week for earnings in the u.s. we are expecting more than 160 companies to report. u.s. futures unchanged. let's see how we are setting up for asia. after a bright start, we have seen new zealand grinding steadily lower, looking kind of flat. nikkei futures, kospi futures also flat. busy week of earnings out of japan particularly. 157 companies reporting this week. twoy we will hear from among others. 1/5 other kospi will report this week. in australia, the future is looking bright. better than one quarter of 1%. bear in mind, those numbers will reset to 10 minutes before the open. let's check in on the first word news with su keenan. su: thank you. we start

the u.s. session. from new york, i'm vonnie quinn. this is the european close on "bloomberg markets." a little bit of a mixed picture. the stoxx 600 had been higher, but is ending the session pretty much flat, down about 1/4 of a point as we await the last 30 minutes of trading. bonds have been selling off in europe, particularly in france. mike up or dispense are getting out of -- market participants are getting out of bonds as it looks the ecb might just add to its bond purchases, which would leave little on the table for investors to pick up along the way. turkish lira weakening once again, 1.5 percent versus the u.s. dollar, as turkey accepts a delivery of missiles. we will dig into the details of why turkey might be doing this later this hour. in the u.s., we are seeing the s&p 500 holding its gains. it is about 3000. bullet finish the session there? we will have to wait and see. some stocks recovering from major losses yesterday, including hunt's transport services, having dropped 22% ye

u.s. efforts to calm tensions between the two countries. the government says the move is necessary for national security although no date has been set for korea's removal from the white list. u.s. secretary of state mike pompeo is to meet with both sides in bangkok this week. china is raising the pressure on taiwan, suspending a program that allows tourists to travel to the island. the ministry of culture and tourism says that is effective from the start of august. that means chinese nationals can only go to taiwan in tour groups. the move comes as china attempts to isolate taiwan and its independent leaning president. exxon mobil's u.s. refining and chemicals operation faces disruption after a major complex in houston erected in flames. 37 people were injured. most suffered minor burns and the city briefly ordered residents to seek shelter. analysts say the shelter could cripple u.s. chemical business as half its operation is based at the site. global news 24 hours a day on the air and @t

china -- given the u.s.-china supply chain. given that you worked in china for many years, what do you think the u.s.-china trade war -- how will that impact commercial sales? aaron: microsoft is very focused on 7 billion. they keep talking about the reach. when you are ou at the amazon conference, you feel like amazon is leading the world in cloud at . at google, you feel like they want to. microsoft feels like they can. they have this incredible reach of every person in the world and how they can tap them into some cloud service. it is hard to ignore china in that context. emily: if you can't ignore china, what could a potential impact of the trade war be? i mean this seems to be not , subsiding anytime soon. so if tensions remain as they are, what does that mean for microsoft? aaron: microsoft's strength in china has been around cloud services. it was very early in that emily: for two days this week, facebook's stephen marcus was peppered with questions about the social network's newly-proposed cryptocurrency, libra, but the

the u.s. 10 year yields dropping. slightlyrecovering, higher than 2%. look at the boards, we will show what else you are watching out for. of these chinese markets a little higher as well. we were watching for the treasury market. gold up, 1% when it came to the strength coming through for the chinese currency. we talked about ticking down. giving weakness to the hong kong dollar. about the fed? seems to be a one trick pony. kathleen hays with us. deepening into domestic growth. aware is jay powell leaning -- where is jay powell leaning? domestic not just the economy, talking about rising tensions. the fed watching that closely. inflation not only failed to meet the 2% target, it moved further away. with theaid, compared june meeting, since then, manufacturing, trade, business investment have all weekend -- weakened. he talked about the labor market. he was asked the question in this context, representative carolyn maloney of new york who asked. >> did the june jobs report change your outlook

the u.s.-mexico border. ♪ >> hello. u.s.in's ambassador to the has resigned, saying it is impossible to stay on after president trump said he would no longer deal with him. he described the trump administration as clumsy and inept. we have this report. >> there is no precedent for this. senior diplomats forced from office after an attack on his credibility. >> prime minister. >> the prime minister and leader of the opposition expressed which you can only call thinly disguised outrage at what is seen as an assault on the integrity of the u.k. diplomatic service. >> good government is diplomatic services giving good and frank device. i want our servants to have the confidence to do that. >> the fournette affairs committee tried to make sense of it. foreign affairs committee tried to make sense of it. know we hadtime i difficulty with the united states was 1856. [laughter] accused ofas recruiting americans to fight on the british side in the crimean war. his positionel, had become untenable sin

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 and washington in a royal mess that special relationship is suddenly a strained strange relationship berlin this is the day. of presence is very clear the way the ambassador and his comments that's for our inbox or washington i think is a fine public servant has done a very good job you should look at the present tweets we're not always going to agree with that many people accuse the president. of the birth of the trust of 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 a wild tonight special report on fortress. lampedusa i

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 in berlin this is the day. if very good the way you feel about the ambassador and those comments that's 4 of us are in washington i think is 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 won't be trusted the secrets that it looks like we're on the precipice of having a prime minister. well that 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 oh well tonight a special report on fortress your. la

u.s. debt ceiling. big caps weeks of frenzied talks, averting weeks of a payment default. now for the hard part. either boris johnson or jeremy hunt will be named the next prime minister. theresa may's successor will have his work cut out, navigating brexit in the crisis with iran. we are live in westminster. ♪ >> good morning, everyone. just gone 6:00 a.m., lots of earnings coming through from the european banks. let me recap ubs to start with. the key number is second quarter net at $1.4 billion. the estimate was my hundred 57 million. -- was $957 million. in terms of the second quarter profit pretax is up 3% year on year. ubs global wealth management posting to billion dollars of outflows in the second quarter. global wealth management nets new money, but overall the second quarter net beating. sergio ermotti really seeing a revival of the fortunes in the second quarter after what he called one of the worst starts to the year in recent history. the bank posting its highest quarterly n