tesco had badly lost its way. over the past five years dave lewis took this business back to basics, from selling assets like dobbies garden centre to improving stories and tesco offer. he also cut costs a nd stories and tesco offer. he also cut costs and jobs. today he said that the turnaround was complete and it was time to move on. you will be remembered as the man who brought tesco out of a deep hole and tesco was broken in many ways notjust with pricing and quality of products but loss of customers across the board whether from products, pricing, quality, the brand. tesco is almost back to where it once was. he also brought this business, the biggest wholesaler in the uk which supplies thousands of corner shops, restau ra nts a nd supplies thousands of corner shops, restaurants and pubs, giving tesco a slice of this market as well and some much—needed growth. but tesco still has plenty of challenges ahead, from the discounters to brexit for the dave lewis may have a lot on his plate before he leaves next ye

tesco had badly lost its way. over the past five years dave lewis took this business back to basics, from selling assets like dobbies garden centre to improving stores and tesco's offer. he also cut costs and jobs. today he said that the turnaround was complete and it was time to move on. iam though going to step away, take some time, think about what it is i want to do for the next 10—15 years, and i will be honest with you, i have no idea. you will be remembered as the man who brought tesco out of a deep hole. it was broken in many ways, notjust pricing hole. it was broken in many ways, not just pricing and hole. it was broken in many ways, notjust pricing and quality of products, but lost the trust of customers across the board, whether it's from products, pricing, quality, the brand of the customers, tesco is back to where it once was. he also bought this business, booker, britain's biggest wholesaler, which supplies thousands of corners and corner shops, restau ra nts, of corners and corner shops, restauran

tesco was in ms and he has done a lot. he sacked quite a few thousand staff, change the senior management and move to head office and the results have been overshadowed by the news of his departure. like for like sales, tough comparison with last year because last year was a good one for tesco. at the operating margin, which is what a lot of people look at was back up to 4%. a level it has not been at since the glory days. the grocery market is super competitive. aldi and lidl are snapping up tesco's heels, sainsbury‘s is cutting costs very hard. it is not going to get that much easier in the future so his timing is probably impeccable. 0k, as we were mentioning, some critics saying the job is far from as we were mentioning, some critics saying thejob is farfrom done but i guess in the current economic climate, it is how long is a piece of string, how can anybody step away from a role like this and say i am content with all i can do? it is a job that will never be done. it is getting more competitive, the grocery market

taking on tesco. newer, cheaper rivals are eating into tesco‘s market share, but the uk's biggest supermarket is fighting back. i'll be checking out their latest results, due within the next hour. humiliation for spurs in the champions league. they are absolutely thumped 7—2 by bayern munich, in what is the biggest home defeat of an english team in any european competition ever. as renee zellweger joins rufus sewell to talk to us about their new film, she gives her take on dealing with the press pack. i wasn't thinking about what people think of how i looked, and i wasn't thinking about what this would mean, andi thinking about what this would mean, and i could care less. good morning, after the deluge of rain we had yesterday, tomorrow much quieter and much drier, with lengthy sunny spells and just a few showers, but feeling cooler. i will have more details later on. it is wednesday 2 october. our top story: the duchess of sussex is suing the mail on sunday over a claim it unlawfully published on

interesting to see that tesco moves higher. numbers, we also heard about the department -- departure of jade lewis. he will be going to another job. bit of reshuffling around these positions and france going on. let's have a look at the downside. this is where the breadth of the movement. we have got individual movers to the downside and moving lower. they had a news out talking about plans for cost-cutting. ldp. talk about we don't talk about polish apparel stores often but they are down by 5.1%. third-quarter numbers are wearing on the stock. let's get a first word news update. we have that in hong kong. u.s., more heat on president trump's oldest allies over the unitarian call -- ukraine call. warnedmpeo has been about possible charges after blocking testimony from five officials. the lawmaker said he appears to have an obvious country -- conflict of interest. the u.s. economy is losing speed. manufacturing is stumbling. index slipped to a 10 year low and president trump is blaming the fed. he says jerome powell and his coll

kate, thank you very much for that update on tesco. interestingly, we've got another about something elsewhere someone is leaving. yes, we expected him to remain on in a presidential position, but now we have learned that vernon hill will be leaving altogether, after a flurry of difficulties that metro bank has been having with profitability. the share price has risen on the use of that. they say he is the inspiration behind metro bank, but it has been beset with some problems recently. our top story, india has held off imposing a blanket ban on single—use plastics because it is being seen as being too disruptive for business. a quick look at how the markets are faring. the world trade organisation warning about a drop in growth in the global economy. as you can see, the footsie, the da acts and the —— the dax and the cac are all down. esports has burst into the mainstream, with its own superstars, leagues, and tournaments that sell out stadiums and award prizes worth millions of dollars. the start—up zwift is a multiplayer onl

the departure was announced as tesco reported a rise in profits. our business presenter dominic 0'connell said mr lewis' decision was a surprise. timing is everything in business, i think dave lewis realised it wasn't going to get much better with the results. hejoined the going to get much better with the results. he joined the company in disarray, there had been a string of profit warnings, there was an accounting scandal. he has turned around, he has actually done quite a lot, he sacked a few thousand staff, change their senior management and move their head office. he said the results were rather overshadowed by the news of his departure. like sales were flat but a tough comparison to last year because last year was quite a good one for tesco. but in the operating margin was back up but in the operating margin was back up to 4%, a level it has not been out since the glory days. really, he can say that it is kind ofjob done on the turnaround, but the grocery market is super competitive. audi and lidl are snapping at tesco's heels. sainsbury‘s

tesco henrik stenson and anneka sorensen next year. tesco section by both the men's and ladies european tours. the total prize fund £1.3 million. ireland's bundee aki on this the rest of the rugby world cup after failing to overturn his red card against samoa, it will surmount for them a dark ireland's data japan. 48 hours for him to appeal. i am sure many of you were watching yesterday's showdown between scotla nd yesterday's showdown between scotland and japan, scotland fans left to reflect on the early exit with the quarterfinal line—up now complete. we will be assessing the fallout for scotland and what it could mean for the potentialfuture of head coach gregor townsend in a moment, but first let's cast a right of the teams remaining. if sport is escapism, really cannot have been more completely thrilling lease so. japanese inhibition left at home, on the streets there were people transformed. the joy at beating scotla nd transformed. the joy at beating scotland to reach a first world cup quarterfinal felt all the more keenly be

the ceo at tesco is stepping down. dave lewis is going to leave tesco. ken murphy has been named as the successor. if you want to know who the top boss is at your local circle -- supermarket, ken murphy is replacing dan lewis. if you own the stock, you are going to get interim dividend pr share of 265 p versus 167 a year ago. you're going to get more money as a shareholder and a new boss as a shopper. is's take a look at what going on in futures this morning after a rough day in equities yesterday in the u.s., after those ism numbers this appointed. the worst drop in equities since august. european futures pointing down. ftse futures off almost 0.5%. let's take a look at the bund future's. german bund, italian btp, and u.s. treasury futures as well this morning all down. offee bund future's selling , which could indicate you see the yield rise. the same is true of these others. in live trade, we are seeing the yield rise on 10 year. we certainly call wall street cold in asia. stocks lower across the board after manufacturing data out of the u.s.. the nik

taking on tesco. newer, cheaper rivals are eating into tesco's market share, but the uk's biggest supermarket is fighting back.

thank you, chief oil analyst tesco has announced chief ceo dave lewis will step down. he said the decision to leave was a personal run the company reported a price in fourth quarter profit. >>> boris johnson will unveil his final office to the european union today. he will reveal details of his brexit plan before submitting the proposal to brussels he will describe his deal as a, quote, fair and reasonable compromise and is expected to rule out negotiation delay if brussels does not move on with the over adding that the only way to move on is to come out of the eu on october 31 big day for the uk >>> also coming up, hong kong police respond to the shooting of an 18-year-old protester. more on this story after this break. your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve s

the chief executive of tesco says he'll leave hisjob next summer. dave lewis took over at britain's biggest retailer five years ago at a turbulent time. he says it's the right time to move on and a former boss of boots has been lined up to replace him. the construction sector is suffering its worst downturn since the financial crisis. a closely watched survey suggests that building activity in september fell at the second fastest rate since 2009 — although the downturn injune of this year was even deeper. the economists behind the research say that brexit and the weak outlook for the overall economy are to blame. the cash machine provider link is promising to spend £1 million putting machines in communities where people are finding it hard to access cash. it's enough to pay for up to 50 atms in so—called ‘cash deserts‘. with their use in decline, the consumer group which? recently complained they were being removed more quickly in deprived areas. so, with fewer people using them, cash machines have been disappearing, hundreds every month, a

tesco rising up better than expected. the shares had opened lower when the chief executive and nancy was going. outside the ftse 100, metro bank is not up as much as it was earlier in the day, more than 20%. this is after it had a relaunch ofa 20%. this is after it had a relaunch of a bond scheme to raise fresh capital which was successful. it had to give investors an incentive but it worked. it also announced its chairman and founder it will be leaving, vernon hill. things there that are pleasing investors. i will be back with more in less than an hour. thank you. see you later on. now it's time for a look at the weather. we can cross the newsroom to darren. the sun is out and things are drying off. a few showers to come mainly across northern parts of scotland and the temperatures are 13—15. wins are brisk down the north sea coast and we could catch a few early showers this evening, but on the whole it will be dry overnight, except the far south—west of england and wales and northern ireland where the breeze will pi

supermarkets including tesco's, sainsbury‘s and morrisons, blaming a relentless drive for profits. that isa relentless drive for profits. that is a story i've mentioned is on bbc on line. i'm going to tweet that story for you if you follow me on twitter. it's a good old—fashioned story about big names in retail not checking their supply chains. if the bookshelf in your home happens to have a copy of harry potter and the philosopher's stone, you might want to check whether it is a very rare first edition hardback. a copy of the wonderful wizard's inaugural adventure is being auctioned off later today, and although it only cost 10 pounds 99 when it was released in 1997, it could fetch up to more than £50,000. tim muffett has more. a struggling author, a story rejected by most publishers. 22 yea rs rejected by most publishers. 22 years later... it is a landmark in children's literature. this is the very first edition, first impression of the first harry potter book. there are only 500 were printed and it's in virtually pristine condition. published in 1997 with an original price of

he has been instrumental to the turnaround of tesco despite jitters, increase profitability, cut costs, laid off people, extended businesses. there were rumors. but the choice they're making for the dark horse, a top walgreens boots alliances executive can murphy, is quite surprising. there's speculation they would get somebody internally to step up to the ceo role. >> auto sales posting near record results, but shares are currently falling as investors doubt the market can sustain the record results for much longer. general motors said sales rose, but not as much as expected. third quarter sales fell less than expected. fiat chrysler fell flat, but did not feed expectations after the concerns by toyota, nissan, the asian producers yesterday. they felt like relief getting the u.s. manufacturers' numbers. >> yeah, but it's not a real apples to oranges comparison. what they reported was just september sales. this year, september sales did not include the labor day weekend, which is a high selling period. what the detroit automakers reported was a three month p eriod. that included august

matt: tesco has announced its ceo, dave lewis, will step down next summer and will be succeeded by a surprise choice, walgreens boots alliances' ken murphy. u.k. investors love their supermarkets and this is a surprise change at the top. >> you are right, matt, absolutely. this is a surprise change. there was speculation lewis would step down because he had been around for five years at the top of the company. he has been instrumental to the turnaround of tesco, which despite the brexit jitters, has increased its profitability, cut costs, laid off people, extended businesses. there were rumors. but the choice they're making for this dark horse, for -- a top walgreens boots alliances is quite, ken murphy, surprising. there's speculation they would get somebody internally to step up to the ceo role. >> auto sales posting near record results, but shares are currently falling to the u.s. manufacturers as investors doubt the u.s. car market can sustain the near record results for much longer. general motors says u.s. sales rose, but not as much as expected. meanwhile, ford's third quarter

matt: tesco has announced its ceo, dave lewis, will step down next summer and will be succeeded by a surprise choice, walgreens boots alliances' ken murphy. u.k. investors love their supermarkets and this is a surprise change at the top. >> you are right, matt, absolutely. this is a surprise change. there was speculation lewis would step down because he had been around for five years at the top of the company. he has been instrumental to the turnaround of tesco, which despite the brexit jitters, has increased its profitability, cut costs, laid off people, extended businesses. there were rumors. but the choice they're making for this dark horse, for -- a top walgreens boots alliances executive, ken murphy, is quite surprising. there's speculation they would get somebody internally to step up to the ceo role. >> auto sales posting near record results, but shares are currently falling to the u.s. manufacturers as investors doubt the u.s. car market can sustain the near record results for much longer. general motors says u.s. sales rose, but not as much as expected. meanwhile, ford's thi

matt: tesco has announced its ceo, dave lewis, will step down next summer and will be succeeded by a surprise choice, walgreens boots alliances' ken murphy. u.k. investors love their supermarkets and this is a surprise change at the top. >> you are right, matt, absolutely. this is a surprise change. there was speculation lewis would step down because he had been around for five years at the top of the company. he has been instrumental to the turnaround of tesco, which despite the brexit jitters, has increased its profitability, cut costs, laid off people, extended businesses. there were rumors. but the choice they're making for this dark horse, for -- a top walgreens boots alliances executive, ken murphy, is quite surprising. there's speculation they would get somebody internally to step up to the ceo role. caroline: auto sales posting near record results, but shares are currently falling to the u.s. manufacturers as investors doubt the u.s. car market can sustain the near record results for much longer. general motors says u.s. sales rose, but not as much as expected. meanwhile, for

tesco, dave lewis, is stepping down. leaving after is a nine year 10-year. metro bank is saying goodbye. martin gilbert is leaving. ♪ ♪ matt: good morning from berlin. i am matt miller. this is "bloomberg daybreak: europe," and these are today's top stories. payroll pessimism. data points to a bleaker picture ahead for today's key jobs report and comments from jay powell. giveso the wire, the e.u. boris johnson one week to revise his brexit deal or risk a humiliating postponement of the u.k.'s departure. is drawn into donald trump's impeachment drama. beijing tolaus on investigate joe biden and his son. good morning. well "bloomberg daybreak: europe ." i am matt miller in berlin. look at futures. even after the disappointing u.s. services data we got out nonmanufacturing gauge disappointed. we still see futures rising here , ftse futures doing quite well at .6%. in london, we have breaking news on bp. shuffle of the c-suite we have seen, bob dudley is reportedly going to retire. he will be succeeded by bernard looney. bp ceo bob dudley is going to replac

you may remember he was appointed back in 2011 to succeed kamala harris tesco planning to move to los angeles to mix. they're for district attorney, his final day on the job this october, 18 voters will decide on who the new district attorney is going to be that's going to happen november 5th, keep in mind that for candidates are running for that position. expensive to live here in the bay area will a new report from zillow found that young people are moving more than previous generations, so the new report from the housing companies alone. it found that roughly 45% of millennials move within 2 years. the report pertains to the whole country. at the most movement happened right here in the bay area so we talked to a representative from sullivan says this problem stems from millennials and ability to just support read and in some parts of the country. >>that millennials are having trouble affording their first home to buy and they're also having trouble affording a place to rent which is causing 'phim to move around a bit more looking for affordable places to end up. survey millennials

elderly and the elderly are helping their village montana works as a cook in the center originally from tesco as a she spent many years in the city working in a restaurant. when she heard about a vacancy in the center 3 years ago she returned to reveal which unhappily left behind the on an image and stress of the restaurant. and come out over here it's like we're a family people treat each other differently if they all know one another and a relative of yours is here right away yes my gramma eat out exactly yeah she's a little confused these days. in the way happy because here she gets treated well actually the least one turn alumnus feels better when she's near her grandmother that she isn't the only one who was able to return to the village because a job opened up at the center and others found a job there immediately so they never had to leave a search for squares or has got younger again. into the village does a lot to ensure that elderly people stay mobile and that they can continue to do things they've always enjoyed doing. i mean your son son goes fishing with their electric scooter th

montana lowness works as a cook in the center originally from tesco as a she spent many years in the city working in a restaurant when she heard a bit of vacancy in the center 3 years ago she returned to reveal a church and happily left behind the anonymity and stress of the restaurant. and i'm not over here it's like we're a family people treat each other differently if they all know one another and a relative of yours is here right so you get the money away guess my gramma eat it like a gas she's a little confused these days. and they go away happy because here she gets treated well at. least one turn alumnus feels better when she's near her grandmother and that she isn't the only one who is able to return to the village because a job opened up at the center and others found a job there immediately so they never had to leave a search for squares or has got younger again. into the village does a lot to ensure that elderly people stay mobile and that the can continue to do things they've always enjoyed doing. armenia sun sun goes fishing with their electric scooter the 8 year old lov

this comes as tesco reported profits for the first half that beat estimates. martin gilbert is retiring from standard life aberdeen. he lost his grip on power in march when the asset manager scrapped its structure. he founded aberdeen asset management in the 1980's and merged with standard life in 2017, making him a cohead of the uk's largest active asset manager. he will step down in september of 2020. in an internal memo about tidjane thiam praised the investigation into the spine debacle, saying quote full accountability has been taken. he described recent events as deeply regrettable. butboard exonerated thiam the chief operating officer was ousted. that is your bloomberg business flash. francine: thank you. an ultimatum from boris johnson. the prime minister has told brussels to negotiate on his terms or face a no deal divorce. he will set up more details when he speaks in manchester data today with his office saying that later today with his office -- later today with his office saying he will present a reasonable compromise. i understand the uncertainty

according to this report from oxfam, these suppliers are supplying tesco, sainsbury‘s, audi, morrisons, the big supermarkets in the uk that many of us use on a regular basis. —— aldi. it is shocking that it is happening now. it is shocking but it has been going on for a long time. when you think on for a long time. when you think on average for every £1 spent in most of these supermarkets, just 9p goes to suppliers, and this is not just in relation to tea. we are also looking at fruit and other supplies across the board, the things that we use to feed ourselves. when you start to look at the new supermarkets coming up, and there is a very interesting supermarket which i call a rebel supermarket in brighton which is called hisb which stands for how it should be, and they have a great supply chain. where as in the average supermarket for every £1, 9p goes to the suppliers, but at the supermarket it is 68 p. but isn't it much more expensive? no, because they find that by working with the suppliers and treating them fairly, they plough that money back into the local economy which ben

k. supermarkets like scenes reza tesco's under marks and spencer have launched similar measures they made they glitter biodegradable all. got rid of it altogether and ditch the plastic packaging. millionaires and now own in the halls of the world's wealth according to credit suisse is a global wealth report published today. here is some of the numbers for you the number of millionaires in the world increased to nearly forty seven million over the past year. and combined they are worth a hundred and fifty eight point three trillion dollars that's 44% of the world's wealth. the bottom half of thee world's population however accounts for less than 1% of global wealth. the shocking numbers then and the catholic. thank yoyou very much indeed that with the business. it's got this you give them a chance with me what's good evening the break several the costa continues with no. meaningful vote. today will boris johnson keep his plan on track do we think is anybody think. does anybody know who was trying to indeed. everyone is very confused about where exactly brexit is right now the one thin

food and they won't they won't know the people so you know more than the person run sainsbury's and tesco yes frankly you know more than the bank of england because you know more than you know more the bank of england because you know he's used every decision he's made about the interest rates being totally and utterly wrong when we leave on a clean break we commemorate the solutions about what tariffs we cut so we can cut the tariffs of goods that we don't produce in this country consumer goods food you know you have to do that for everyone right under world trade organization rules if we don't get it so you have to reduce tariffs on everything on goods that we don't produce i've been to the very senior people there and they said well i went to them back in january and they said yes you could easily turn the 29 page political declaration into an article 24 heads of terms and actually that would be a sensible thing to do given where it's at who did you meet the w.t. i met a couple of very senior one of the names i'm going to give you the names there what i'm telling you the director gener

." >> shepard: tesco >> an event in arizona, the vice president t into his predecessors saying that most want answers into his conduct in ukraine. >> the american people have a right to know whether or not the vice president of the united states or his family profit from his position. you look at the video. of vice president biden. and, you see that there was clearly a quid pro quo. >> they charge that biden -- hunter biden served on the board out. biden's defenders have pointed out that allies also pushed ukraine to fire this prosecutor over corruption concerns. he was asked about his role in all of this. last month he went to europe, he was in poland. he met with the president of ukraine. he was asked what he discussed with the president of ukraine. biden said that they focus entirely on addressing corruption of help and partnership from the europeans on this. shep. >> shepard: thank you. more now on what we are learning from the former ukrainian unvoiced testimony. live from capitol hill. hello. >> shep, he really matters because he is the connective tissue as that ukraine special env

we're shortage of food they won't they won't say you know more than the person run sainsbury's and tesco yes frankly you know more than the bank of england because you know more than the more the bank of england because you know he's used every decision he's made about the interest rates being totally and utterly wrong when we leave on a clean break we can then make decisions about what tariffs we cut so we can cut the tariffs of goods that we don't produce in this country consumer goods food you know you have to do that for everyone right under world trade organization rules but if we don't get it so you have to reduce tariffs on everything on goods that we don't produce i've been to the very senior people there and they said i went to them back in january and they said yes you could easily turn the 29 page political declaration into an article 24 heads of terms and actually that would be a sensible thing to do given where it's at who did you meet the w.t. i met a couple of very senior about one of the names i'm not going to give you the names there well i'm telling you the director gen

it's at mcdonald's, kfc, marriott, tesco. let's see if it's a short-lived thing, whereas if it's actually a revolution or evolution of eating these meatless patties. >> steph, top thing you're looking out for in the call for google >> i want to know what they're doing with their cash. i want to know, are they going to up their buyback. they did last time and they have a very good valuation going on right now. whatter th are they going to doh their cash m&a and buyback. >> google is down, dragging facebook down about 0.8% after-hours, as well stephanie links, sylvia, thanks both very much for joining us. up next within an alphabet shareholder will join us to react to those results which are dragging down the share price. and later, tech entrepreneur, ted leonsis, the owner of the capitals and the wizards joins us to discuss sports, media, and streaming. we're back in 90 seconds - [spokesman] if you've tried college but never finished, (group cheering) snhu lets you transfer up to 90 credits toward you bachelor's degree. - [wom

even care to 3 million are you kidding me think about him for tesco oh yeah. years of point everything's relative. but yet be willing to live in beautiful upstate right yes to. that is so tough coming up in the next hour, the kron 00:04am morning news. >>we have the follow-up for you this morning. we've got which schools are closed open. i should say and the latest in a live report coming up in a minute also more shaking across the bay area 2 more earthquakes hit as the anniversary of the loma prieta earthquake draws near we'll stay tuned for that and also cars banned from a major section of san francisco's market street the sfmta voted unanimously to make it happen, we'll have more on the plan. here's a live look outside of san mateo bridge robin's been following some problems on the roads this morning so we'll get another update from her on where any hot spots are still out there for you and then john trouble in the weather center takingaa look at the forecast for today, great looking view here of the golden gate bridge with some sunshine. it is going to be

it from n francisco check this out he surprised his little sister and at her school and tesco he was to see you. yeah thrownng a backpack to the ground just running everybody was crying. that army soldier says that his little sister has always been his rock and it was so excited this year. actually been gone for about 11 months of been a while actually came back for his mom's birthday but decided he wanted to surprise the sisters, well, you know minds man. how these guys are youe like, that's his little sister i know you know these are young guys. >>serving our country. so really hard to them you, you know a lot of the guys will come back we see them meet their kids. yes, she says sister these young guys that are putting their lives at risk for us so care history. she's. >>and on the kron 00:04am morning news governor newsom signing several new laws and that and in gun violence. not the van gogh. to harrison, the wine collection. to mateo, my favorite chair. grace, you get the beach house... just don't leave the lights on, okay? to craig, this rock. to jamie, well, let's just say, en

the big supermarket, tescos, m&s, asda, morrisons, they have got a lot to account for. i am all for a healthier lifestyle and eating better, but it comes at the cost of deforestation and climate change, environmental damage that is happening, that is on the agenda for a lot of people, chrome lenny henry has been talking, it is a great quote,. that caught my eye and i had a giggle. that is so much of his humour, lenny henry. you find your comfort zone sometimes in the difficulty is you are going through at home. what made me think about this, if i can make a generalisation, where do you find the balance between being discipline areas and being strict with your children, trying to keep them on the straight and narrow, don't get involved with gang violence, but then also letting them run wild. indeed, yesterday the ruling in scotla nd indeed, yesterday the ruling in scotland about banning smacking, for example. yes, say you count as harsh smacking? i think the definition from the scottish council is that if it leaves a red mark, but it shouldn't even come to that point. i

they have got to get that tesco get back on track and get themselves to the top level of the championship table and beat australia. onto tennyson and beat australia. onto tennyson and many continued his singles comeback with a directory at the shanghai masters. the three—time ground psalm ten, he was competing asa ground psalm ten, he was competing as a wild card, lost the opening set, but admitted himself he got better as the went on. at 23, and may begin the shanghai masters youngest champion. nine years later the tournament is a chance for him to prove he could be competitive again. but his opponent find his groove early on, giving many they run around. after heading 18 winners, heat of the set. it was time memory to turn it up a notch. moves like this serve and volley change the direction of the match. marie greatest break point chances and adapted his hand skills, taking this to the third set. things got really competitive and frustrating when his opponent was given a chance to break to love. the moment and the argentine broke back with a return had marie exasperated. all that ange

the boss of tesco quits after five years in the job — he says the turnaround he led is now complete, but critics say there‘s still work to do. flash floods cause chaos across england — on the isle of man, a major incident has been declared.

of food and they won't they won't know that so you know more than the person running sainsbury's and tesco yes frankly you know more than the bank of england because you know more than the more the bank of england because you know he's used every decision he's made about the interest rates being totally and utterly wrong when we leave on a clean break we can then make the solutions about what tariffs we cut so we can cut the tariffs of goods that we don't produce in this country consumer goods food you know you have to do that for everyone right under world trade organization rules if we don't get it so you have to reduce tariffs on everything on goods that we don't produce i've been to the very senior people there and they said well i went to them back in january and they said yes you could easily turn the 29 page political declaration into an article 24 heads of terms and actually that would be a sensible thing to do given where it's at who did you meet the w.t. i met a couple of very senior and one of the names i'm going to give you the names there well i'm telling you the director gene

shortage of food and they won't they won't do that so you know more than the person running same reason tesco yes frankly you know more than the bank of england because you know more than the more the bank of england because you know he's used every decision he's made about the interest rates being totally and utterly wrong when we leave on a clean break we can then make the solutions about what tariffs we cut so we can cut the tariffs of goods that we don't produce in this country consumer goods food you know you have figured out for everyone right under world trade organization rules but if we don't get it so you can reduce tariffs on everything on goods that we don't produce i've been to the very senior people there and they said i went to them back in january and they said yes you could easily turn the 29 page political declaration into an article 24 heads of terms and actually that would be a sensible thing to do given where it's at who did you meet the w.t. i met a couple of very senior one of the names i'm going to give you the names there what i'm telling you the director general of t

i mean, do we think we are going to see this with other retailers, the likes of tesco, a big player, are still selling them? and they are adamant they will continue selling them. bonfire night is all about blowing up parliament and here we are with charlie and naga standing outside! it arouses strong emotions and it's a bit strange, isn't it, that we still do that and there's environmental issues around sticking things in the airand then issues around sticking things in the air and then blowing down into gardens and the rocket stakes and the like. there's different consumer groups who have still got different opinions, especially older people, and they can become a real nuisance because it used to be that you would do it on the fifth of november, on bonfire night, now it stretches for three weeks and it feels like you're living in a zone of fireworks and that's difficult for many people, particularly pet owners. many people are disturbed by it. it's one of those traditions we are starting to rethink in the uk. and not just pet rethink in the uk. and notjust pet owners, you can imagin

tesco's ceo will step down, succeeded by ken murphy. in the wake of an accounting has boosted profits. that's your bloomberg business flash. alix: thanks so much. facebook ceo mark zuckerberg trying to rally the troops. published recordings show that zuckerberg has been speaking candidly about the social network's problems, and what of them is elizabeth warren's threat to break up facebook. >> it is not just breaking up these companies. it is not going to solve the issues. it doesn't make her election less likely. it makes it more likely. alix: thunderbird says it would "suck to have to fight the government," and elizabeth warren tweeted, saying, "it would really suck if we don't fix a corrupt system that lets giant companies engage in illegal, anticompetitive practices." a fun exchange there. coming up, the u.s. joins the global factory activity slowdown. what does it mean for the jobs market and the equity market? this is bloomberg. ♪ everyone uses their phone differently. that'shy xfinity mobile lets you design your own data. you c

going in the other direction, retailers including next and tesco, reflecting investor anxiety about the state of retail following those figures from the monthly high street survey. that's all the business news. at the top of the hour we will go through the disastrous operation midland. all the things coming out of the enquiry. we hope to have a statement from the met. now the weather. rain in the forecast over the weekend. we have got some rather damp and drizzly conditions at the moment across central and southern part of the uk. but gusty winds around the coast of wales and the south of england. a0 to 50 mph in some places. you can see the rain as it moves further south. becoming limited to southern parts. further north it will become drier, brighter skies across scotland. maximum temperatures around 12 to 16 degrees. through this evening that rain becomes a bit more limited to the far south—west, damp and drizzly here. elsewhere, some clear skies will allow temperatures in the east of england to fall into single figures. elsewhere, temperatures holding up in double figures into sat

a lot of investors were really surprised by what the ceo of tesco elon musk had to say. he said in the third quarter you are going to see the company turn a profit and surprising everybody, he did. what they managed to do over the last couple of quarters was cut costs, streamline their business, they made and delivered more tesla cars than anyone expected them to and as a result of all of these glowing results, we are seeing shares skyrocket and investors are loving what tesla have to say. they are adding more people to say. they are adding more people to the site and the people on the site at engaging more. what appears to be the problem? the problem for twitter is there is good news coming out of that firstly, they have set their daily average users are up 17% from the same time last year. that's a metric that twitter is now using instead of the monthly average user because they feel like they can say to advertisers, "every day you are seeing this many people looking at adverts on twitter." that said, we saw that profit and revenue are down sharply for twitter so from