carlos to ghosn -- carlos ghosn always said he was set up. bloomberg has learned that there was a campaign by top nissan executives tooth dethrone ghosn, and begin almost a year before his arrest in japan for financial misconduct, motivated in part by his push for greater integration between nissan and its french partner, renault. that is the bloomberg business flash. francine: thank you so much. the markets are focused on the number of infections rising not only in some u.s. states but in beijing. there is not the rally that we saw last week. european stocks actually slide into a three week low, treasuries and the dollar rising, tom. tom: no question about that, but let's be clear, the data here in the last two hours has really improved. -900 on dow futures come almost -1000. and we have come back reaching two -500 to -400. the vix right now, 41 handle in from a 44 handle earlier. forill get you ready monday. brian levitt will join us from invesco. looking forward to that conversation, and all the news as well. please stay with us. from lond

there was a plot to get rid of carlos ghosn, but carlos ghosn may have done some thing wrong with the same time. the one does not exclude the other. brian: that is right. this story does not litigate the financial indictments against carlos ghosn. the only way we will get a final say on that would be in the trial setting in tokyo, which is now highly unlikely because carlos ghosn left and lebanon and japan do not have any extradition treaty. those issues are still out there. what is new is nissan always thested this was about alleged financial improprieties. nothing else. for said that consistently roughly a year. they told their shareholders that. they told the public that. it does not look like that was the whole story. stock same time, nissan's is 50% lower than it was when carlos ghosn was arrested. 'se could argue that renault to create a bigger merger with fiat were never able to come to fruition. david: is quite a story. thank you so much to our colleague in london. this is bloomberg. ♪ you doing okay? yeah. this moving thing never gets any easier. well, xfinity makes moving

he wascarlos ghosn said set up and others evidence to support the claim. what kind of evidence have you come across and does it stack up against was -- what nissan has been saying? >> good morning. essentially, what we learned here was that there was a much more methodical campaign to remove carlos ghosn as chairman of nissan, as well as ray no. naud. alliance. the foundations of the alliance were becoming a little shaky. essentially, with what nissan discovered, and also sought in terms of investigating carlos ghosn, that then turned into more of a corporate strategy that alternately resulted in his downfall. shery: we had seen during this saga that thatn -- that then cl was one of the key players. who were some of the main actors in this unfolding scandal? reed: at the center of some of the things that were taking place was a person named hari nata. he was the chief of the ceos really one of the key players here in terms of coordinated what was happening. so we have learned from some of his communications that he was as early asosn february 20 18th. and

new revelations emerge in the carlos ghosn affair.

you may not have forgotten yet carlos ghosn's arrest and escape. scoop on anxclusive email chain that does not look great for nissan. that is next. this is bloomberg. ♪ matt: welcome back to bloomberg markets. this is the european open. 44 minutes into the trading day and still looking at 2.5% drops across european indexes. the dax. 300 on mib in milan.e and the ftse 100 in london is down more than 2%. under 6000.ll bloomberg the business flash. the top corporate stories. bp sees the coronavirus pandemic having a long-term impact on energy demand spirit the oil ofor will make billions dollars in write-offs and impairments after reducing its assumptions for the price of oil. it sees rent crude trading around $55 a barrel for the long term. it is also reviewing plans to develop some of its prospects. the sales declined has used at h&m. 30% in the first 13 days of june after tumbling 50% in the three months through may. like other retailers, e-commerce used some of the pain. is going to announce a $4 billion stimulus program for the auto industry to

then, growing concern, then the start of an investigation into ghosn. then, leading up to his arrest and how they were going to essentially seize the opportunity presented by his impending apprehension to really reframe and redefine the relationship. stevenson, we have run out of time, but we will catch oh -- we will catch up with you later on in programming. meantime, futures deeply in the red and the u.s. and europe. a risk off day. this is bloomberg. ♪ w?w?uhió'ñó >> good morning. welcome to "bloomberg markets: european open." mattanna edwards alongside miller in berlin. just a one-off. stocks turned negative again after friday's day of reprieve. futures in europe and the u.s. tumble. the cash trade is one hour away. europe reopens

rishaad: new revelations in the carlos ghosn affair. the senior nissan executives tried to bring him in months before he was first detained. asian markets mostly lower, retreating on the second wave concerns. beijing closing its biggest market in parts of the city come a locking down another market in neighboring areas. the risks are higher. the vice premier says data in china, restoring confidence. industrial production falling short of expectations but shows continued momentum. 0.5%,ci asia index down the csi 300 down 0.2% on the back of that data although it is off the day possibly. the hang seng lower by 1%, the day, down for a third samsung among the laggards. the kospi has been an out-performer, up when he won percent, heading for its biggest advance in 10 years. up 0.5arta index percent, and out performer in a down market. indonesia will use qe as long as it is needed to overcome the pandemic according to a report citing the finance minister. bank of indonesia says it is expanding its shortened trading hours to prevent overcrowdi

motivated in part by carlos ghosn's push for integration between nissan and renault. nissan and renault. prosecutors will decide whether to bring charges against a police officer who shot and killed a black man outside a wendy's. it led to a new wave of protests against police brutality. diedutopsy said brooks from two gunshot wounds to his back. the police officer involved has been fired. the atlanta police chief has resigned. thewall street owners of philadelphia 76ers and new jersey devils now have a toehold in the nfl. they have acquired a state of less than 5% in the pittsburgh steelers. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. . am ritika gupta bloomberg. ♪ bloomberg. ♪ ♪ view that there really aren't any other markets to invest in equities, for the -- low acrossthat large parts of the industrialized world. jonathan: peered dixon of commerzbank, there is no alternative. -- peter dixon of commerzbank. alongside tom keene, i'm jonathan ferro together with

leadership crisis- and ququestions about its alliancee with nisissan since the arrest f former boss carlos ghosn back in twenty eighteen. it's not since first annual loss in over a decade back in february. and crowbars course has seen a car sales across france dropped. 90% keep reading our business editor was a old lady have been angles. you very much indeed great to see catechol. like up with her before joining us from that home it's part of the social distancing. which observing here france twenty fofour now to stop. the spread f the code nineteen virus among our employees. we have course aquino i am what's happening in the north of paris's suburbs- would have been observing the- right which is on going that will bring you more on that of course. as we get it. for you stay with us you're watching france twenty four. thanks very much iss s staying with his t te off on on africa with me. watching from across west africa. latest in politics economicss and the arts in africa o on france twenty four journalist on every region every country. reports on the emergence o of a continent of unparalleled

carlos ghosn has always said he was fed up. she was set up. now there is evidence -- he was set up. now there is evidence to support the claim. him fromign to remove the sun started almost a year ago with his arrest for alleged misconduct. we are told the plan was motivated by his plan to remove -- to move closer to renault a business alliance. francine: let's get more on the u.k.'s reopening. a major milestone today as the country's non-essential stores open up for the first time in almost three months. will customers have the confidence to return, or will there be an irreversible blow to the u.k.'s already struggling high streets. thank you for joining us on an important day for u.k. retail. when you look at the challenges that a lot of retailers, including yourself, are facing, how difficult is it to open a shop and not have dressing rooms open? >> thank you, francine. it is a big day today, a significant day after so many weeks of our stores being closed. we are absolutely ready and prepared to welcome customers back into our stores. we have reopened our munich store a few weeks

still struggling to shrug off the scandal following the arrest and escape of former chairman carlos ghosn. stay with us on bbc news, still to come: peddling false hope and a bogus cure — the sale of fake coronavirus medicine in ghana. bbc africa eye investigates. china marked its first day of rule in hong kong with a series of spectacular celebrations. a huge firework display was held in the former colony. the chinese president, jiang zemin, said unification was the start of a new era for hong kong. the world's first clone has been produced of an adult mammal. scientists in scotland have produced a sheep called dolly that was cloned in a laboratory using a cell from another sheep. for the first time in 20 years, russian and american spacecraft have docked in orbit at the start of a new era of cooperation in space. challenger powered past the bishop rock lighthouse at almost 50 knots, shattering a record that had stood for 3h years. and there was no hiding the sheer elation of richard branson and his crew. this is bbc news. the latest headlines: more than half a million people have lost

is contesting bail fwort men accused of helping norm nissan ceo ghosn's escape from japan, are 258 a pound things to coronavirus pandemic -- finally facebook reportedly looking to take over neiman-marcus's hudson yard location new york city after retailer filed for chapter 11. those are headlines from the newsroom back over to you. maria: cheryl, thank you, back to school, everybody's mind president trump eager to see students in class this fall, as states reopen across the country. >> that is much stronger than us let's open the schools, please. [cheers and applause] >> open -- >> we got to get them open in the fall we got to get them open. maria: president, promising to help catholic schools many on verge closing joining me right now new york the archbishop cardinal timothy dolan cardinal dolan great to see you this morning i hope you are well. >> i am maria always a joy to be with you thanks for invite. maria: so i he tell me cardinal assess the situation for catholic schools today before we get into what needs fixed how do you see things give us a state of play. >> i see things,