in u.s. business, equities and rates will be heavily affected, but the cuts are likely to extend beyond that. corporate finance could be a target, and more parts of fixed income trading. sewing is a big fan of action bank, so that may be a part that it is sort of exempted from those cuts. anna: thanks very much. let's get back to our guests, ghadir cooper from barings and john stoltz swiss from oppenheimer -- and john stoltzfus from oppenheimer. in general, european banks pulling away from u.s. operations you see as a trend. ghadir: i think what we haven't seen in the u.s. -- i'm sorry, what we saw in the u.s. after the financial crisis, the banks to be able tolves compete going forward, they have been able to get themselves into a footing where they can go and do business in a way that gets them the right outlook knowing forward on return on equity. bank try a lote of things before they got to this thing. anna: under a lot of ceos. ghadir: that is also true. they try to do something now that

u.s. politicians vote overwhelmingly for a bill that would sanction those responsible for the murder of saudi journalist tamara shoji plus. i've been vilified. alleged to be. the killing of. corrupt. former south african president jacob zuma denies corruption allegations against him and says he's a victim of conspiracy. at 1st for democratic u.s. congresswoman have responded sharply to attacks by president donald trump on their patriotism and citizenship they are among the highest profile members of the new house of representatives or for reacted strongly to trump's tweets comments. as we all know the recent tweets and words from the president are simply a continuation of his racist is you know phobic playbook we cannot allow these hateful actions by the president to distract us from the critical work to hold this administration accountable to the inhumane conditions at the border that is separating children from their loved ones and caging them up in the legal horrific conditions. well tr

in the long-term, this is very detrimental to the u.s. text. -- u.s. tech sector. u.s. companies have to think in three month increments. inna is a country thinks three year, 10 year national plans. i think that is a challenge we and as silicon valley, technology sector. emily: we will talk about this little bit later in the show. bloombergs max chafkin, thank you. ventures, youue are staying with us. elon musk can't stay off of twitter. what he is tweeting about now in terms of production numbers, next. this is bloomberg. ♪ tweet abouton musk tesla production, he says he plans to produce 1000 solar roofs per week by years end. on problem is, musk's tweets production numbers need preapproval for his deal with regulators. that quarter profits missed estimates for nintendo. operating incomes fell about 10%. full-year forecast unchanged. apples investor call currently underway. ceo tim cook given a glowing review of how wearable devices fared in the second quarter. more on apple, coming up next. quartersolutely blowout for wearables. accelerating growth of over 50% and a

u.s. lawmakers grill a top facebook executive over the company's plan to leave for a crypto currency. if the tech giant can't convince washington to trust it what are the odds it can sway regulators around the world. also on the show the good times continue for 2 top u.s. investment banks reported solid earnings but it's not all positive news on wall street. and a new space race is preparing for liftoff and a german firm stand to profit from nations and companies lofty ambitions. this is your business report i'm stephen beard's in berlin thanks for joining us facebook executive david marcus told the new york times last month that the company's new cryptocurrency libra could be quote a profound change for the entire world and quote on tuesday markets delivered a much more subdued message to u.s. lawmakers libra wouldn't threaten the current monetary system and it wouldn't seek to replace sovereign currencies senators were skeptical to say the least take a look. ahead to facebook's leave or

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

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

that the u.s. might reconsider. the u.s. has said unless iran changes its behavior there will be no rolling back of the sanctions which have been reimposed since the trumpet ministration pulled out of the iran nuclear deal last year and the u.s. has fact not only has reimposed the sanctions that have been lifted once the deal was signed back in 2015 but it has in that time imposed more sanctions both travel bans as well as economic sanctions on not just iranian persons and iranian officials they i.r.g.c. in fact but it's also imposed similar sanctions on persons and businesses and other countries thought to be assisting the iranian government and what the u.s. considers uncivil and perhaps illegal behavior we saw a new set of sanctions just on thursday aimed at 7 companies and 3 people who supposedly were helping iran obtain a nuclear material for its enrichment program so that part of what the u.s. calls its maximum pressure campaign has not abated by any stretch of the imagination and that's the view from washington thank

the u.s. to recordor indices saw a highs with the s&p 500 topping 3000 for the first time. the dow gained .9%. tech in industrials leading the gains. the energy sector saw some gains as we had crude rallying on the potential impact of tropical storm bailey -- very. -- barry.\ we had producer price inflation looking -- affecting the outlook of the federal reserve. witht seeing record games the s&p 500 gaining for a second consecutive week. let's see how the markets are setting up as japan is away on holiday. sophie: investors wanted to contend with a stronger yen, which is below 1.08 against the greenback. eased theirhave earlier advance. marginally higher. could be set for another day of gains. could see another day of close -- record closes. tested as the be japan and korea spat wears on. we were expecting a cautious a data dump- await from china, economists predicting the slowest annual growth in 30 years. we have trade numbers from india and indonesia this monday. the: let's check in on fir

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

and u.s. tensions because. the british ambassador to washington and some leet comments describe u.s. policy on iran is incoherent chaotic says it's unlikely that u.s. policy on iran is going to become more coherent any time soon because this is a divided administration robert who's driving the hardline approach within the us administration and what's the aim of all of this. those were really quite amazing comments weren't they i think we all enjoyed them and i think a lot of people saw the truth in that as elie has pointed out maybe we're going to see a little more in the u.k. here in a few weeks who is driving miss i think the u.s. is speaking with very many voices it's very hard to tell who the voices are some of them are constant like bolton imposed peo haven't changed their mind bolton has a terrible conflict of interest as almost a paid spokesman for m e a i me k. in the past so i don't know why he's even allowed to participate in this interim pairs of is talks in most sides of his mouth all the time so i

the u.s. human rights chief says she is appalled by the conditions of migrants and refugees face and u.s. detention facilities michelle bash away says children stop by border agents should never be held in detention centers or separated from their families as are the headlines keep it or join me at the top of the hour for another bolton in the meantime inside story is next. to al-jazeera. problems and besides the instability is corruption we listen because i hadn't been so who are pushing the united states and president trump into conflict we meet with global newsmakers and talk about the stories that matter does iran. defiant iran says it's exceeded its uranium enrichment account but european signatories to the nuclear deal say terran should stick to its commitments so what incentives are they providing and can europe save the agreement this is inside story. hello and welcome to the program i'm the star iran is fed up with just talking and once action that's the islamic republic's message to

and u.s. vice president mike pence has also talked about the developments. iran should not confuse american restraint with a lack of american results. we hope for the best that the united states of america and our military are prepared to protect our interests and protect our personnel and our citizens in the region we will continue to oppose a rands malign influence we will continue to bring pressure on their economy and under president donald trump america will never allow iran to obtain a nuclear weapon. vice president pence there speaking a short time ago let's get some analysis for you now i'm joined by our washington correspondent helena humphrey who is tracking the story very closely for you good to see you helena we just heard from u.s. vice president pence he says iran should not confuse american restraint with a lack of american resolve but that begs the question i mean just a couple of weeks ago president trump cancelled a strike on iran at the very last minute i wondering 3 is there a split within the white house when it comes to how to deal with

sanctions on iran how did we get here last year trump pulled the u.s. out of the iran nuclear deal even though tehran was meeting its commitments new sanctions swifty followed. and i jump olten trumps national security advisor has long wanted regime change in iran and israel boy by the trump administration support also wants to rein in iran's growing influence in the middle east. iran recently has been threatening israel's destruction it should remember that these planes can reach anywhere in the middle east including iran. the european union hopes to salvage the deal but iran's position looks increasingly precarious. are for more of this i'm joined by our e.u. correspondent teri schultz going to be do you. so we know that france's president micron he sent his top envoy to tehran today what is he hoping to achieve. well brant the goal here is really not in dispute nobody not the u.s. not europe not china or russia wants iran to get a nuclear weapon so that's not the problem here the issue is how do you restrain tehran and right now the europeans feel ve

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

u.s. unveils a new asylum policy aimed at limiting the number of central americans arriving from mexico. u.s. politicians vote overwhelmingly for a bill that would sanction those responsible for the murder of saudi journalist jamal for short. and in the zeer fishes for solutions to the plastic pollution threatening its coastlines. it's everywhere those for a democratic u.s. congresswoman have responded sharply to attacks by president don't trump on their patriotism and citizenship they are among the highest profile members of the new house of representatives and so for reacted strongly to trump's tweets and comments this country was founded on the radical idea that we are created equal and endowed by our creator with in inalienable rights and yes we have a long way before we fully live up to those values. it is for this reason precisely that we have to take action when a president is openly violating the oath he took to the constitution of the united states and the core values we aspire to

china and u.s. managed to avoid an escalation of their multibillion dollar tariff war over the weekend the 2 world powers brokered a temporary cease fire trump promise to hold office to slap a new 25 percent tariff on $300000000000.00 in chinese imports and to list some restrictions on fall way and china agreed to buy american food and agricultural products while there has been no major breakthroughs and resolving the fundamental points of conflict this truce gets negotiators another chance to forge a more permanent accord markets and both china and the u.s. are rallying on the news but chinese official media outlets have sought to tone down expectations as a promise was met with silence from china there's still a lot of distrust by both sides and china warns that the u.s. has a track record of flipping and flopping and election campaign tricks are just a few factors that could alter the u.s. stance. for more with this and what came out of this meeting r.t. correspondent sara lunde has a oka joins u

so if an application comes in for u.s. workers to create u.s. equipment to be exported to a foreign country, we judge that on that application's merits. we also have some economic tests that we do. i announced in my testimony that we're going to be taking a hard look at additionality and economic impact, those tests. i hear you loud and clear. i want to support every job that we can support in this country. >> okay. i believe you do. >> between fiscal year '15 and '17, exim pretty much came to a halt, did it not? >> for everything except under $10 million. >> you didn't have a quorum. do you think the exim bank is essential to america's export system? >> i do, sir. i know -- again, it's a new day for me and i want to work to transform the agency. over the past few years we now have $40 billion in applications. again, this is to support u.s. jobs. >> what do you think would happen to our exports if we didn't have exim bank? >> i have met with our competitor export credit agencies around the world, and i had one tell me we love when you're not in

sanctions u.s. president donald trump has increased sanctions on iran since he withdrew from the nuclear deal one 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 succumb to me 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 don't want to actions by the europeans have not been enough so the islamic republic will move ahead with its plans as previously announced or 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 many of the. that was iran's foreign minister earlier today i want to talk now with our bruss

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

unless the u.s. removes all tariffs so i think all in all see jim ping is realize that he can't give too much away that donald trump because it would hurt him but. so what exactly is china's negotiating tragic strategy because a prolonged trade war certainly can't be in either side's interest well it's not but i think china realizes that's what it's going to get and so i think they're settling in now for a long trade war they're not nearly as exposed to the u.s. 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 the premier technology company way is also under a lot of pressure but i don't think china thinks it will get much by giving way a way to the u.s. so they're really settling in for a long term battle now is there any significance to the fact that trade negotiations this time take place in shanghai and not in beijing. look i just think

navy ship the u.s. has stuck to its guns u.s. president donald trump today addressed the issue in an event at the oval office when questioned by reporters as to the veracity of the story. we. said a drone had come within a 1000 yards of the assault ship the u.s.s. boxer pictured here and ignored calls to stand down. iran has responded with derision the foreign minister suggested that perhaps the u.s. shut down its own drone by mistake. this is the latest scrape between the 2 countries over who is provoking whom in the strait of hormuz on june 20th iran shut down a u.s. drone it said had violated its airspace just days ago the iranian military seized a foreign tanker in the strategic strait saying the ship was smuggling oil they're released this footage on legibly showing the incident. united nations has urged restraint on all sides to avoid an open conflict. or figure harder to get now for that inquest for more let's bring in our washington correspondent helen humphrey hell no it seems we have a case of he said she said president

in the u.s. state of north carolina last night u.s. president trump used a political rally to once again accuse 4 congress women of hating america but it quickly morphed into an act of verbal arson the crowd singing parts of the us constitution up in flames tonight a glimpse into donald trump's reelection campaign in 2016 he beat hillary clinton with a chant laugher up now a new chant with a new woman as its target could trump win in 2020 with send her back i'm burnt off in berlin this is the day. represented illinois. her charlie rep tells me. they're always telling us how to run it this that is you know what they don't love the challenge to leave it. as a history of. vicious and i think. also coming up tonight what will you look like in 50 years is a peek into your future worth your privacy in the present the popular smartphone app face app lets the aging process take place right before your very eyes but the russian owned app is now in the eye of a political storm well explain. and to our viewers on p.b.s. in the united states and a

just the opposite the u.s. has been very clear in terms of its maximum pressure campaign and we can see that even as it is as a ron has said really there's nothing left to sanction but the united states seems to think there is then is continuing to seek new opportunities to sanction iranian officials high level business leaders is continuing to try and isolate iran from the global financial system the problem the united states faces and donald trump faces is part of his america 1st policies is that the many of these world leaders have been somewhat reticent to join along in this maximum pressure campaign a so it will be interesting to see in light of these breaking news developments whether or not there is going to be a further support of the u.s. actions of this maximum pressure campaign but in terms of backing down it does not appear that the u.s. has shown any willingness to do that as of yet ok kimberly halakhah thank you for that update from washington meanwhile a quarter has extended the detention of an i

. >>> u.s. and chinese counterparts have constructive calls. >>> chinese factory inflation flat lines unexpectedly in june ending all of three years in growth and increasing concerns about a slowdown in the country's manufacturing sector. >>> and shares in british recruiter hays a profit warning and boris johnson and jeremy johnson clash over no deal construction in their next bid to become prime minister >>> let's start off by looking at how some of the markets are fairing. yesterday in wall street we had a bit of a moderate session as the dow had its third negative session in a row s&p ended the day moderately higher nasdaq up half a percentage point. moderate gains for u.s. equities asia pretty well mixed we did have the china inflation data coming out overnight. the ppi data had flat lined. as a consequence, we saw a little bit of weakness the shanghai down to the tune of 1/4 of a percentage point the theme in europe, we have stox down .10 of a percentage point. switching on though to look a

u.s. gdp number, cash less than 30 minutes away. ♪ anna: partners in pain. renault lowers the outlook as the french carmaker grapples with the auto market slowdown. this follows as nissan reported a 99% plunge in profit. plans to carve out phone towers into a separate unit and will consider an ipo to cut that. plus, delay delivery. amazon forecasts income below expectations. alphabet and intel jump in late trading after beating expectations. good morning. matt: good morning to you, less than a half-hour hour to the start of trading. take a look at the bunds. this is something i was talking about. you saw a reversal in the bond yields. as we were heading into the ecb meeting, yields were coming down. investors were looking for the possibility of a cut. then we interviewed the german finance minister where i circled in red. and you saw but yields go up again. that's because he says there is no crisis. he sees it coming back to the economy once these man-made problems, as he describes them,

the u.s. with in the coach jill scott seemed very relaxed like a team that's been here and done it before. talked about there being a lightness to the u.s. team and you could really sort of feel that in the answers that she gave to questions on many different subjects the netherlands were much more focused they wanted to talk about the game itself and not really anything else and. was perhaps even a little bit stern in the way that she dealt with reporters anyway let's take a look at what the 2 teams have been doing ahead of the game. there can be no questioning the quality of the support that the netherlands have enjoyed to france but sunday's final won't be won in the streets or the start. reigning champions the usa are in fine form so far no opponent has posed this squad any great threat they've cruised to the final at the counter it's no wonder they're feeling so confident. we have that sort of undying lying confidence and our self always whether it's for before a game or you know sprint t

u.s. move against the chinese company, to put sanctions on that chinese company for dealing with iranian oil. i don't think the two things are necessarily directly linked. because the u.k. seems to be very keen to separate itself from what the u.s. president is doing, jeremy hunt was clear about that. saying they are sticking to the policy of wanting to ensure that a nuclear deal sticks and continues, and are not aligned with president trump on his policies. tracy: good morning. let's focus on that naval escort. would you expect that to deescalate tensions between the u.k. and iran? or would the involvement of the military there end up ratcheting those tensions? >> it depends on what iran the sites to do. if iran decides to try to disrupt navigation further, to get another oil tanker, then yes, having more military ships in the gulf may lead to extra tensions. from the u.k. perspective, the european perspective, the idea really is to make it harder and thus avoid some of these tensions. yo

. >> 0% for the u.s. treasury seems like an excessively pessimistic forecast. >> we have had the recovery, it's coming to an end. >> if you believe the business cycle is coming to an end, that call makes sense. >> now the central banks are falling into line and cutting rates. >> when we get this polarization of use, it tend to be close to regime changes. >> something is going to give. >> that is the journey we are on until something different happens. jonathan: joining us to discuss is lisa hornsby, gershon distenfeld, and noelle corum. a big call from bob michele. a multi-year call, looking for the 10 year treasury yield to go to zero. your thoughts? noelle: if you think recession is kind of looming, but that is not our base case. we are not seeing signs of a recession. we don't expect the fed to be on a full-blown cutting cycle. we are only going to see two this year and that will be enough to get growth back on track, which right now we are calling for a modest 2% growth and inflation a little higher.

they were responsible for this diplomatic effort to bring iran to the u.s. -- in the u.s. to the table. -- and the u.s. to the table. i don't the get surprising that iran is putting pressure on europepe. whether europe can put it back togethther, i'm not convnvinced. i don't know if it will be a abe to exertrt pressure on the u.s.r to get russia and china, the other key y states, to play ball with iran. there arare far too many variables. europe certaininly has an important role to pl. i doubt it will be able to do everything that tehran wanted to do. brent: we apprpreciate yourr insightsts. thank you. here are some of the other stories making headlines. new york prosecutors have charged billionaire financier a jeffrey epstein with sex trafficking. officials say he exploited and abused dozens of girls, as young as the age of 14. he has long been a high-profile figure with links to donald trump and bill clinton. pope francis has given en masse, and which he prayed for migrants. he said they are people, and not just a social issue. france has welcomed migrants to the ceremon

the u.s.. 1/10 of 1%.up apple gained ground ahead of earnings announcements on tuesday. the s&p 500 and nasdaq falling and amazon and facebook lost ground and that dampen the sentiment. yields falling again for the second consecutive session. headed to the decision with the fed perhaps cutting rates this week. toare also looking forward the u.s. china trade negotiations starting this week. u.s. future is up 1/10 of 1% at the moment. let's see how we are setting up in asia. conviction int of the market open. andzealand and australia trading is going sideways. australia will be interesting to watch today. futures pointing higher by one half of 1% and it looks like the asx will hit an all-time high. the kospi future is high in quarter 1%. a big day in japan. job figures for june and the boj meeting. we will have much more on that in a moment. right now, the first word news. >> trump is back on the offensive ahead of the fed the bank willg probably do very little to counteract rate cuts in china.

now u.s. government inspectors have warned of dangerous overcrowding at migrant detention centers in texas they have published photos of cells so full that detainees were forced to stand they also said in some cases children were denied access to showers and hot meals the inspectors' report comes a day after democratic lawmakers denounced what they called horrifying conditions at some of the detention centers u.s. government inspectors say it's a ticking time bomb overcrowded migrant detention facilities in the u.s. state of texas where people are forced to sleep hundreds to a room on concrete floors even trapped in cages sometimes with nowhere to sit these photographs of raised concerns for the health and safety of detainees while they're being processed but one shelter organizer in el paso says overcrowding isn't an issue. i know that i keep hearing that. c.b.p. facilities are overwhelmed and cetera and we are not we're not seeing that you know if they are overwhelmed i don't know maybe. thi

a number of years ago, we launched an e-commerce channel in the u.s. the u.s. is a market that is quite active in e-commerce. it does not stop there. we also have a very strong corporation. other strategic partners in the wholesale network. even including pre-owned services. >> what are you seeing in terms of sales from online? are you seeing growth coming from their? >> there is definitely momentum. igionally and culturally, think the u.s. market has a much quicker uptake of e-commerce compared to some of the regions. romaine: let's get a quick check of the next headlines. shares of delta airlines rose today. to commandeen able higher fares because of travel demand and lower fuel costs. the grounding of the boeing 737 max ins there are fewer airplanes out there. the largest alternative asset manager keeps raking in money from investors. the next frontier for the national basketball association is india. we spoke to commissioner adam silver at sun valley. >> that is where the people are. roughly one 4 billion people. we know from our properties that there is tr

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

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

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

"u.s. customs and border protection treats those in our custody with dignity and respect and provides multiple avenues to report any allegations of misconduct. the allegations do not align with common practice at our facilities and will be fully investigated." here is the part about the sexual assault. "it's important to note that the allegation of sexual assault is already under investigation by the department of homeland security's office of inspector general." >> hmm. >> and now i suppose on the one hand that's reassuring, but on the other hand you've already raised the critical point, they've known about this for quite some time, they've kept this under wraps and it wasn't like this happened yesterday. they know where it happened. they know who is being alleged to be the perpetrator in this incident and still nothing from the department of homeland security beyond what we've just gotten. >> and again, the timing here is that this girl in early june, so a little bit more than a month ago

now u.s. house of representatives oversize committee hearing is looking into the deteriorating conditions in detention centers at the southern border with mexico house democrats of 2 and some of the facilities and say the state of the markets is demoralizing. we touched the area we need to be on i think. he didn't think they ever had oh this is like you 2000 people it was there were alive to humanize them only just the mere show we love we are certainly someone here to help them grow up and down here . we are creating the generation of children now will never forget what we did to them this time trauma can go away with any number of. this kind of trauma. injuries in our country and no amount of how airman we always want to call it and no amount of talking going to make up for what we did to a whole generation either children are going to be 50000 to 18 year old girl members that you know i think they're good for them john hendren in washington with more on this one that some real emotion from

the u.s. president donald trump says his not backing down on efforts to determine the citizenship status of the american population but he has abandoned plans to put a citizenship question on the 2020 census and said he will issue an executive order to pursue other ways to get the data given elizondo reports from washington. the debate over the so-called citizenship question in america appears to be over president donald trump announcing late thursday he would drop his bid to get the question are you a u.s. citizen put on the 2020 census trump instead said he would sign an executive order demanding all government agencies compile a list of non-citizens living in the u.s. into a central database arguing the citizenship information was vital to public policy we will utilize these vast federal databases to gain a full complete and accurate count of the non-citizen population including databases maintained by the department of homeland security and the social security administration we have great

promise a promise to protect iran's economy from tough u.s. sanctions. or the u.s. withdrew from the nuclear deal last year today u.s. vice president mike pence reacted to the news that iran is in violation of that deal iran should not confuse american restraint with the lack of american result. of the united states of america and our military are prepared to protect our interests and protect our personnel and our citizens in the region we will continue to oppose a rands malign influence we will continue to bring pressure on their economy and under president donald trump america will never allow iran to obtain a nuclear weapon. are there was the us vice president there speaking earlier for some analysis now i'm joined by simon maybe he's a middle east analyst from lancaster university in england it's good to see you again so we've heard what the u.s. vice president is saying but can you tell us because we're not hearing it from the white house what is the u.s. strategy here is there an end game with iran. i think it depends who you us which member of the us ministra

u.s. asks europe to help protect shipping in the gulf washington makes a formal request to germany france and britain to provide security or lead says that it international approach is solving to solving the crisis is essential. also coming up remembering the boy who died when he was pushed under a train in frankfurt in germany authorities say that the man suspected of crime will be examined for a psychiatric disorder and i think when we didn't catch enough fish or squid to get we would be eaten by the captain to bring people or we will be eaten a lot i'm still traumatized by it so i know it's not a problem we're going to go from seafarer to slay as we speak to the international man forced to work in a pulling conditions on chinese fishing boats off the coast of east africa and a rat and a rodent infested mess that is what president trump called city of baltimore over the weekend outraging many of its residents we sent our reporter to find out what it's really like. i'm sorry kelly welcome

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

the u.s. had or has a similar plan involving nato what has come of the efforts by washington to form an international coalition to protect shipping in the strait of hormuz. not very much of a century the response from the europeans and the nato allies was not very sympathetic to that demand that demand came from or at least was voiced by the acting u.s. secretary of defense mark s. but he was speaking at the nato headquarters it was sort of his international debut as pentagon chief there in the europeans essentially said as kate mentions there escalate deescalate tensions negotiate through diplomatic means and then we will talk they even offered to facilitate that deescalation in those diplomatic talks as well so the message i mean if you want to kind of quote winston churchill for example was george you're a not more war because the concern is that this could take over into something even more dangerous than errant move for example from the u.s. president could see both sides engage in a war

should the u.s. doubled its minimum wage business groups say doing so would lead to massive job losses but democrats in congress believe a wage hike is needed to lift workers out of poverty. also on the show b.m.w. names its new c.e.o. can he bring the german auto maker up to speed with its competition especially in the area of electro mobility. and oberlin based online bank becomes germany's highest valued start up but not without a few stumbles. along the way. this is your d.w. business report i'm stephen beers in berlin thanks for joining us the u.s. house of representatives has passed legislation that would more than double the country's minimum wage from 7 dollars and 25 cents to $15.00 it's a historic win for a movement that began when fast food restaurant workers went on strike 7 years ago and it's almost certain not to become law the republican controlled senate says it won't vote on the measure claiming it would be disastrous for businesses. these restaurant employees demanding their $15.00

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

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

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

no to joining a proposed u.s.-led naval mission to protect shipping in the gulf. the u.s. has asked allies to help protect vessels as they pass through that very important strait of hormuz because of tightened tensions with iran. germany already expressed skepticism about the proposal, saying priorities should be given to diplomatic efforts to de-escalate tensions. this is what the country's foreign minister heiko maas said earlier today. >> the german government will not participate in this sea mission proposed and planned i the united states. we are in close agreement with our french partners in this regard. we think this strategy of maximum pressure is wrong. we do not want a military escalation. we will continue to work with diplomacy. brent: for more on this i'm joined by our correspondent kate brady on the story for us in berlin. good evening to you, kate. so, we are getting a clear answer from the foreign minister. germany will not join a naval mission in the persian gulf. and we have to clarify, saying it will not join a u.s.-led naval mission, right? kate: exactly