i'm guy johnson alongside matt miller in berlin. matt: asian equities not giving us any sign of direction today. mixed trade there. european futures are pointing to modest gains. it is going to be interesting to see this market churn open in less than 30 minutes. guy:

matt miller in berlin. matt: i'm here on a regular workday. asian stocks gaining today in a big way and hong kong and china. london has closed for holiday, but the other european markets are going to open and they are going to trade. hard-working markets on a monday, set to open higher. cash trade starts in just about 30 minutes time. ♪ guy: beijing backing a stronger yuan, asian stocks jumping, chinese authorities reintroducing factors in the daily currency. how long will the party last for equity investors? we talk about correlations today. tesla's round-trip as musk ditches going private. the controversial ceo and its share price go next. turkey returns. markets reopened after a week off. should investors buckle up for a bumpy ride? matt: absolutely. all those stories we are paying attention to today. but the markets are a big part of what you need to be watching, very closely to what the pboc is doing and what the fed said on friday. central bank striving rallies around the world. doesn't look like it will be different across europe. we

and i am guy johnson alongside matt miller in berlin. matt: despite another fresh record for stocks, gains in asia evaporated. futures are pointing to a andtive open in europe across the pond. the cash trade is less than 30 minutes away. down under, the aussie and the kiwi take a beating as weak data races the chance of their central banks of staying on hold for a long time. the peso is pounded. president macri surprises the markets and his people with the needs moneygentina from a credit line as soon as possible. it is not just argentina. the turkish lira and the indian rupee both slide sharply against the dollar. matt: less than half an hour away from the european open. let's look at futures. we had, we saw some gains in into laterisappeared sessions. we see now european futures are pointed down. down 1/1050 futures of 1%. a look at the u.s. 10 year, we had a big jump in yields on tuesday, not much, a grind noter yesterday and today, much movement. you can see 10 year yields unchanged, 2.88% from today's trade create what do you see in

joining us from berlin. carsten brzeski. ecb, fortment by the setting the tone of who replaces draghi. country at least the that gets the chair will not getting thence of next presidency at the ecb, that is obvious. as a companypion diversity, so that is why we focus on the story. let's look at the big picture, as far as who will run the whole --cus, it does not look like in our survey of economists, he wins out, but when it comes to what angela merkel wants to push for, that is not it. carsten: he is a good candidate, because he takes all of the boxes. there would be much opposition from the southern european countries to nominate him. has left interest in getting this grand prize of the ecb president. she goes for a political position. this might be a position that is more in the interest of the german government right now than the ecb president. matt: a curious story today, could ecb policy change? might it get more hawkish? that would anger the peripherals. it ties in with the funds story which is that president trump mi

we are live in berlin. it is 19 minutes into the trading session -- 90 minutes into the trading session in the u.s. >> small moves for the major averages. most, one point 25%. the s&p up fractionally. take a look at the tech heavy nasdaq. down and being dragged down by the chip sector. down 1%. tech underperforming on the day. as for some of those chip laggards, take a look at the apple supplier. nvidia down 1.9%. this could be of concern because the sector is seen as a leading thatfor broader markets those components are using everything we need. if those are lagging, it may suggest something is off. let's hop into the bloomberg and check out this chart. view this using the gtb function. where looking at the evaluation metrics for the s&p 500 back to stocknd in blue, the tends to trade richer than the s&p 500. that is considered to be rich. a more in-line valuation for the broader markets. what i would like to point out is we have these stocks at 18 times forward earnings. the s&p 500 at 21 times. the inde

i am guy johnson alongside matt miller in berlin. matt: there is a slight red streak across the board for equities especially in asia as the dollar falls for the first time in six days. the cash trade is less than 30 minutes away. guy: a sleuth of bears. down close to try percent from their highs. as the yuan bounces strongly, is it time to buy the bears? deutsche bank traders are said to have made $35 million on the turmoil in turkey. one barclays trader is said to have taken in $19 million hit. turkey holds an investor call at 2:00 p.m. london time. we speak exclusively to the fin tech that is worth more than deutsche bank. and is set to replace commerzbank. matt: we are less than half an hour away from the start of european equity trading. we see green across the screen. it does not seem that europe is as concerned with the drop of profit in tencent as you may have thought with all the hoopla over the earnings yesterday. we do see three quarters of a percent gain on future -- ftse futures and cap futures, but the overall stock pic

benedikt kammel talking air france in berlin. up next, we will take a look at some of the stocks that you want to watch. there is a lot going on, including big news in copenhagen. ap moller-maersk has announced its plans to lift its drilling units separately -- list it's drilling unit separately on the nasdaq copenhagen. this is bloomberg. the open is just 10 minutes away. ♪ ♪ if this is the option that will create the most value for our shareholders. the reality is that there are many great companies in the drilling sector, but there are not a lot of companies with very strong balance sheets. all of the other possible transactions involved some kind of merger, which would essentially mean that we would end up having more exposure. to "bloombergback markets: european open." that was the ceo of ap moller-maersk. we will get to that story in a little bit. there are other stocks on the move this morning. joining us to tell us about the stocks to watch is somebody from bloomberg intelligence. he will talk about ap moller-maersk s

chris reiter in berlin and david washington, d.c. -- in detroit, rather. here is abigail doolittle. >> small moves for the major averages to the downside, the first down day for all three major averages in five days. nevertheless, the nasdaq has gone up slightly. let's take a look at a source of pain for the major averages, the dollar up today. up 3/10 of 1%, a weaker dollar more recently has been helping stocks. look at the gym and is volatility for these emerging-market currencies, the argentine peso is plunging, we also have the turkish lira down, and the south african rand is down. argentina has boosted its rate to 60%, grading volatility, something to keep an eye on. and we may have weakness today, but on the month we have a very strong month. hop into the bloomberg, we have the monthly gains for the dow, s&p 500 and nasdaq, on pace for a solid gain for the nasdaq, up 5.6% in white. and two of days for the s&p 500. this is where the year's gained are coming from -- gains our coming from. and weighing on the s&p 500 weday, electric on arts -- have elec

i am guy johnson alongside matt miller in berlin. matt: not a lot happening in asset prices, with the exception of asian markets. a mixed trade, but big arrows. the cash trade is less than 30 minutes away. guy: china's currency heads for eight weeks of decline, its longest losing streak on record. this as u.s. commerce secretary wilbur ross signals more pain ahead unless beijing changes its ways. has the yuan already been weaponize? turkish data drops in 10 minutes. how long before the 10 year hits 20% and the -- lira gets -- to the dollar? a $3 billions stake in china's largest brewer. invest -- investors cheer another big expansion. matt: we are less than half an hour from the european open. beer in beijing doesn't sound too bad on this friday. futures, we are up even with some of the losses in chinese markets and little movement in other places in asia. right now, we see ftse futures up .5%, dax and cap futures trailing them. the u.s. 10 year, since it got up around 3% last week, has been like watching grass grow. 2.8904%. over th

matt miller is back in berlin. matt: the reason enough out of washington to spook markets, but facing to shrug off concerns about the conviction of paul manafort and a guilty plea of michael:. the cash -- michael cohen. the cash trade is less than 30 minutes away. guy: guilty as charged. cohen and manafort's bad days in court leave the molar investigation closer to the president. his political risk underpriced in america? s&p's bull run is set to be the longest on record. will a federer politics bring it to an end? released today. kindest tech trouble. numbers are due this morning. alibaba do tomorrow. will either turn the tide for emerging-market stocks? matt: less than half an hour from the start of european trading. downat where futures are, across the board right now. ftse futures off .5% partially due to the strength of the pound. dax futures down one third of 1%. if you look at the 10-year yield, after it came back yesterday, investors are now buying the debt, pushing the .ield down to 2.8261 investors seekin

i am alongside matt miller who is back in berlin. matt: asian markets tanking after trump renews sanctions and tariff talks, talking about boosting tariffs on china. or 4% onropped to 3% those indexes. the cash trade is less than 30 minutes away. guy:

merkel hosts vladimir putin in berlin tomorrow as the rivals are brought together by president trump. running red in a blue state, we talk with covers woman mimi walters about her battle to hold onto her seat and whether president trump will help her or hurt her. shery: a small part of a much larger plan, the thought in beijing for the trade war with the u.s. is leading to soul-searching as china suspects hidden motives in the tough talk on trade by the white house, with the real agenda to thwart the rise of the global power. the world's second-largest economy is bracing for a new cold war. our economics editor with the story. jinping secret that xi is ambitious about extending china's power with a huge shift from his predecessor who said hi to a strength and by your time. -- hide your strength and by the time. -- hide your time. >> some wonder if it is a mistake because it puts china in direct conflict with the u.s. the chinese communist party is responding, we cannot hide it anymore. an elephant cannot hide behind a small tree. it had to happen. you hear about the idea that a rising

richard turnill with blackrock in london and nina schick joining from berlin as well. international relations at some point but the weaker ruble does not seem to be part of the russian calculus. is that correct? russia, thek for economic hit based on sanctions starting in 2014, orchestrated by the eu and the u.s. is always something it could weather. what has shifted since the invasion of crimea is that russia has come back with a bang to the international negotiating table. it was frozen out by western allies after the invasion of crimea. since then, ukraine has fallen off the international agenda, russia involvement in syria, russian interference in the united states but all across the european countries -- russia is certainly a player all countries have to contend with. angelanteresting, with merkel meeting with vladimir putin in berlin and she is increasingly seen as europe's relationship with donald trump goes sour, she is seen as having to be a part of the conversation. vladimir putin is looking statesmanlike next to donald trump. tom: is russia a frontier econom

ray chevrolet victim of chinese and european he lamented es and on the chevys there are yaro ts of berlin the cam is yours for $58,000. pple and google are facing a and ng revolt over taxes netflix have complained and system. to bypass the trading on venezuelan black the traders say asons, ed for several re new par is the incredible. global news powered by more than rift ournalists and anna in more than 120 countries. heidi? of down a little bit side and we'll have another session in factory sessions now when it comes to bloomberg and having said that, aussie dollar and he exception bloomberg's global market editor us and it almost felt like it's written in a different time before everything turkey. in this impact? >> if you're of the pn where you and to coop adding more what feds told us overnight. comments are going to be what is coming out next that might sway that. remind ourselves how oorly they've done this year with the yen giving back to ll there isocks as we more but nothing usually to dial. the that is a to china surge and saying they want to warning. what's happening here? ina

we are live from london alongside matt miller in berlin. matt: a rally in asian stocks stalled in u.s. futures are paring gains. european futures pointing to a mixed open. the cash trade is less than 30 minutes away. ♪ guy: trading on a new you -- a new deal. progressnd mexico make on a nafta replacement. futures do not look so great. for china?s bad we will talk about that during the program. not the end of the world on the plane to south africa theresa may tells reporters the brexit --ld the success even if the in the event of a no deal. the pound falling on her comments. italy's finance minister says ec spread narrowing. continue with our guests. withve a mixed picture equities globally. you do see ftse futures gaining, they were closed so maybe playing some catch up there. dax futures are little changed as our eurostoxx futures. we had a turnaround here. but i a three day chart will move it down to one day. we had yields rising in the early morning up to 2.85 and beyond. they are coming down and are little changed at 2.85. there is, y

i'm matt miller in berlin, alongside guy johnson in london. aroundropean markets are half of the percent right now. there are some stocks in the positive side of the ledger. pandora bouncing back. i will take you to the bottom of the market and show you what is going on because there are plenty of things we are focusing on. let's shift our attention to the stocks trading in the red. isre is trading -- bayer trading down this morning. with all the turbulence around turkey, it is interesting it is a single stock story relating to monsanto that is leading the charts. agenda go trading down. france trading low. down by 20% this morning. buba trading down. there are obvious lines he can draw between turkey. that continues to be priced in. was plenty of things to talk about then, and we continue with those themes this morning. . want to take you to stw these are the factors to watch. these of the currents moving the markets. these stocks have an effect on big portfolios. what is not working and what is working? one is profitability. by vaccines to b

i'm guy johnson alongside matt miller in berlin. matt: asian equities not giving us any sign of direction today. mixed trade there. european futures are pointing to modest gains. it is going to be interesting to see this market churn open in less than 30 minutes. guy: good lock warns of a massive treasury squeeze. the latest data shows net short positions at the highest on record. reports suggest turkey has tried to the the release of -- u.s. investigation. washington appears to have rejected the offer. another big week for turkey despite the holidays. israel's soda stream for $3.2 billion. how much will the firm pop at the open? matt: let's look at european equity index futures. they are pointing to mild gains this morning. futureseuro stocks 50 pointing to a gain of 1%. ftse a little bit less so. i almost hesitate to show you treasuries because there is so little movement in the 10 year. you mentioned gridlock -- gundlach. record shorts in the treasury market at the same time everyone is so long the dollar right now. one of those

i am matt miller in berlin, alongside guy johnson in london. checking out the world map and in the floor, we are leaving spain out there, but it is red right now because of the drop in inditex. morgan stanley put out a note saying it is going from great too good -- to good. as a result, the iberian peninsula is off. we see gains in france and germany, although slight. not has slight as they are in the u.k. you see what is going on. little change in italy. guy: let's turn our attention to what is happening at the top of the map. u.k. say in public they want to brexit deal wrapped up, behind the scenes, officials are saying this is unlikely. sources tell bloomberg they have details byhe divorce the middle of november at the latest. we are joined by our editor in brussels. is november realistic? can we talk about that, jones? want it to be. the negotiators are pushing hard on both sides. they have said they are doing talking -- in talks continuously in order to meet this deadline. is, they were supposed to have this wrapped up in june and that day

and i am guy johnson alongside matt miller in berlin. matt: despite another fresh record for stocks, gains in asia evaporated. futures are pointing to a andtive open in europe across the pond. the cash trade is less than 30 minutes away. down under,

matt miller in berlin. matt: i'm here on a regular workday. asian stocks gaining today in a big way and hong kong and china. london has closed for holiday, but the other european markets are going to open and they are going to trade. hard-working markets on a monday, set to open higher. cash trade starts in just about 30 minutes time.

matt: berlin seems to be the epicenter of europe, if not the world right now. juergen hardt, spokesperson, foreign policy, germany. tells up, a tesla bull bloomberg he has a dream that tim cook will swoop in to help elon musk. it is just a dream, but it is interesting. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." i am matt miller here in london, sitting next to my coanchor guy johnson. let's talk about tesla. markets.as moved the i just tweeted john ferro, a picture of us. guy: tesla has had its fifth straight day of decline. bloomberg spoke to one of the most was investors, the ceo of gerber kawasaki. he said tim cook would make a good number two for the electric car company. >> tim cook is the perfect person. tesla, thatt logistical expertise is exactly what he did for steve jobs. it is like a perfect match. matt: let's speak to bloomberg opinion columnist and younger person alex webb to fill us in on what is going on. alex, he says it is just a dream. it is interesting. is there any chance tim cook will leave as ceo of app

i am alongside matt miller in berlin. i am guy johnson. matt: markets in asia are down yesterday with india and south korea closed. china, hurting the most. the cash trade is 30 minutes away. guy: not backing down. president erdogan put taxes on american goods. tencent traders prepare for a wild ride community option inket points to a 5% move either direction when the chinese tech giants numbers dropped after 9:00 a.m. london time. as rescue efforts continue, will the tragedy force europe to spend more upgrading its infrastructure? matt: you are getting restless is numbers. it beat the street estimate of $215.9 million by a longshot. revenue was 2.2 6 billion, that misses the street estimate of 2.8 billion. it starts getting more harry when you get into the outlook. oftas sees full-year revenue 10 to 10.5 billion on the lower 10 of its previous range of billion dollars to $11 billion. it is tightening its ebit margin rain. it is saying between 9.5% and 10.5%. we will watch those shares at the open, but also speak with the ceo of vestas win

merkel hosts vladimir putin in berlin tomorrow as the rivals are brought together by president trump. running red in a blue state, we talk with covers woman mimi walters about her battle to hold onto her seat and whether president trump will help her or hurt her. shery: a small part of a much larger plan, the thought in beijing for the trade war with the u.s. is leading to soul-searching as china suspects hidd

. , a car sharing service and they will by 2000 all electric cars in berlin. sears, thet struggling retailer will close ,nother 46 stores in november including 33 sears and 13 kmart stores. they are a plan to shut more stores by early next month. are a look at where markets , it seems we have a turnaround in the u.s. and also in europe as we approach the close in four minutes. ftse 100 down .1%. the u.s. is falling. we will date in next -- dig in next. this is bloomberg. ♪ >> from our european egg orders in london, i am dani burger. stocks finishing the day, euros stock 600 falling by .1%, had been trading in a range today, a tug-of-war between two regions, the cac finishing unchanged but had been up earlier after the data out of france and a laggard is the footsie with italy political pressure weighing on the index. if they will get more involved in business, investors sending stocks lower on that. what they are doing to individual stocks, interesting moves, starting off with ryanair , declining as much as 10% in the past month. one of the biggest gainers t

and globally they have had regulatory issues in canada, in italy, in berlin. this is something we could see unfold around the rest of the world. they will have to subsidize the tri-cities and earnings of car drivers worldwide. how do they vindicate that evaluation? emily: how does this change things for uber and new yorkers? guest: i think we will see a drop in quality of right hail services in new york. i don't like stories that say that uber and lyft are the only contributors. they certainly play a role but we have also seen an increase in population growth. there is crowded subways and people are looking for alternatives. i don't see the approach of targeting just one contributor as being sensible. i think the one public transit service that new york has looked to and that has been steadily increasing inequality will be capped. i think it will really hit the people in brooklyn and queens. once you have a cap on the number of cars, as demand grows, the cars will migrate away from the outer boroughs to the more profitable manhattan market. the cap by itself i

folks like and will deploy 2000 all electric cars in berlin. that is your business flash. are shruggings off drama involving the president. englander gives us his analysis coming up next. this is bloomberg. ♪ vonnie: that is some of our reporting. i am vonnie quinn. romaine: this is bloomberg markets. vonnie: a quick look at some other movements around the world. -- is weakening today as political pressure in australia. this, i hate -- i hesitate to call it bizarre, but another tweet from president trump. is amazing how much power he has over currency. vonnie: we have the spread coming in further. it is not as narrow as it was earlier. let's flesh out some of these stories and check in on first word news with kailey leinz. >> the u.s. and china have impose new tariffs on each other's goods as the sides resume trade talks. taxes are being levied on $16 billion in products. the u.s. targeting chinese made motor shy -- motorcycles. china retaliated by slapping fees on medical insurance and cars. president trump has waded into south africa's debate over land reform. the pres

joining us from berlin is bloomberg's managing editor benedikt kammel. who is winning in this battle, the standoff between the pilots and ryanair? kt: it is a question of who has more stamina. ryanair is playing a pretty good do not want to accommodate any of your demands. they have a mediator but in some of the other key markets like germany, they will really have to defend their business model. his is a low-cost business model and it is built on doing more with less. they ought to be very careful to not give in to the pilots and cabin crew. the cabin crew and the pilots for the time being have the upper hand. this is the peak travel season, the summer. the bulk of the strikes were in germany. 250 canceled flights, 400,000 people not being able to get what i needed to go. for the time being, the pilots have the upper hand but long going -- long-term, ryanair will want to defend its turf. mark: how disruptive has this action been to ryanair's business? benedikt: ryanair is trying to break into the german market and into some of the other european markets

we are live in berlin.

he wondered why germans in berlin were not driving u.s. cars on the streets, and i think he mentioned g.m., and that tells me that maybe he wants to america great again by allowing american manufacturers to sell cars to the rest of the world. those days are not coming back. to -- ihris, i went want to take a look at amazon , both up, and we have seen the nasdaq at record highs and the tech turnaround. fromng about this rotation growth to value, still growth right now? yes, i think we are still focused on growth. as long as the economy performs and we still have these disruptors, people are going to believe the tech story and what they are going to be able to earn in future years. the only thing that would worry me is some of these fed rate somehow could slow the economy, and the consumer stops buying as much. then i would be more concerned about stop market valuations -- about stock market valuations. ramy: chris, thank you. and you can get a roundup of the stories you need to know with "daybreak." the u.s. and canada in talks, and briber'

joining us now is naomi from berlin. about?e investors or it 10% fall in the shares. biggest drop in 15 years. therly they are calculating worst-case scenario here. what is that? >> i think it is really an issue of uncertainty. whether or not this particular verdict stands is a question of whether they will be a wave of similar lawsuits, whether bayer my need to pay money to settle these lawsuits, and all of these things are really unclear at this point. mark: so what do we know? the deal has happened. surely they do about this risk. how does it play into bayer, monsanto, the two big entities coming together? how does it influence their path going forward? >> the deal is approved. the integration has not yet begun. ofer is waiting for a couple investments to go through and be finalized and the integration will start and a couple weeks. i guess we will just we have to wait for the beginning of september to get more details on set-asides or things like this related to this verdict. julie: give some context. sorry. you must context on roundup and how important it is to t

guy: we are live from our european headquarters, i am guy johnson alongside matt miller in berlin. matt: japanese markets bouncing fallstrongly as china following a week set of data. the cash trade is less than 30 minutes away. guy: the lira bounces. the turkish currency is up over 5%. as the trading book it's handed over to europe we will dig into the reasons and find out why we are getting this dramatic move. over the last couple of minutes. joining the dogs. the contagion continues to ripple around the world. the two sides of this coin over the last few minutes the rand has jumped sharply. earlier in the session the rupee went through 72 the dollar for the first time ever. and more bad data from china. stimulus? even more matt: that is a question we will you we will not answer for but we will discuss the possibility and the possible results. less than half the way -- half an hour away from the european open. gains across the board in europe, suddenly on this board you will see all gains because we have the core countries here, the ftse futures up .3 of 1%, dax futures up by five

. ♪ guy: we are live from our european headquarters, i am guy johnson alongside matt miller in berlin. matt: japanese markets bouncing fallstrongly as china following a week set of data. the cash trade is less than 30 minutes away. guy: the lira bounces. the turkish currency is up over 5%. as the trading book it's handed over to eur w

i am alongside matt miller who is back in berlin. matt: asian markets tanking after trump renews sanctions and tariff talks, talking about boosting tariffs on china. or 4% onropped to 3% those indexes. the cash trade is less than 30 minutes away. guy: we are trading down, chinese stocks being hit hard after the white house confirms it is considering escalating the trade war again. all dealings in the swiss asset managers unconstrained fund have been halted following suspension of hayward, how much worse does it get question mark we will find that out at the open. the mpc is delivering a hike, we will speak to governor mark carney following the meeting. we are less than half an hour away from the open of european trading. let's take a look at the fallout from the drops that we see across asia. it is not so bad as far as european futures at least right now. you do not see ftse futures down more than .2 of 1%. you have your own issues, your own news to contend with in great britain area dax futures are down .6 of 1%. take a look at trea

francine: thank you so much, , our cirilli and in berlin german government reporter. joining us now is christian schulz and we are getting news out of deere. it is good to look at these companies reporting to figure out what their forecast is for trade tensions escalating. u.s., do youre a export more tractors in china -- to china, what do you think about what is happening with the neso story. story. ani say i'm going to buy expensive tractor when i'm worried about how the agricultural sector is being affected? francine: let's go to christian schulz. there is geopolitics, what is happening with turkey. what will change the course of world economics? >> the trade war is a recent phenomenon. and itted in march started with baby steps. not everywhere. thise still thinking about remarkable event where mr. watching and further trade war seem to be off the cuff. it is a murky picture. we expect backed to impact we expect but in -- that to impact investment but in an uneven fashion. global growth is strong but we are seeing more heterogeneity. some countries are doing well.

we are live from london alongside matt miller in berlin. matt: a rally in asian stocks stalled in u.s. futures are paring gains. european futures pointing to a mixed open. the cash trade is less than 30 minutes away. ♪ guy: trading on a new you -- a new deal. america and mexico make

i am alongside matt miller in berlin. i am guy johnson. matt: markets in asia are down yesterday with india and south korea closed. china, hurting the most. the cash trade is 30 minutes away. guy: not backing down. president erdogan put taxes on american goods.

i am guy johnson alongside matt miller in berlin. matt: not a lot happening in asset prices, with the exception of asian markets. a mixed trade, but big arrows. the cash trade is less than 30 minutes away. guy: china's currency heads for eight weeks of decline, its longest

i am guy johnson alongside matt miller in berlin. matt: there is a slight red streak across the board for equities especially in asia as the dollar falls for the first time in six days. the cash trade is less than 30 minutes away. guy: a sleuth of

i am guy johnson alongside matt miller in berlin. matt: asian stocks traded mixed as china-u.s. trade negotiations produced no breakthrough and we are not seeing much of a move in other asset classes. we will show you that. the cash trade is less than 30 minutes away. guy: china-u.s.

hostsay, angela merkel talk with vladimir putin in berlin. nejra: they weakness we get in a surprise move that analysts say how close and allies of the u.s. are shifting. the meeting comes before america imposes new sanctions on russian next week. joining us here is our international government executive editor. great to have you with us. how is this meeting different between the two leaders? >> the interesting thing about this meeting is that it is happening in germany. is the first time she has to see her on her term in five years. normally she goes to see him. she is always said it is important to have the lines of dialogue open, but she is also been one of his toughest critics. she has been one of the strongest advocates to preserve russia overons on campaign. it is significant that she is saying, come see me. it is reflective of the shifting sands of the of the relationships going on. nejra: and not least of which, germany's most recent trip to the united states. that relationship is proving tricky. more reason to reach out to russia and

matt miller is back in berlin. matt: the reason enough out of washington to spook markets, but facing to shrug off concerns about the conviction of paul manafort and a guilty plea of michael:. the cash -- michael cohen. the cash trade is less than 30 minutes away. guy: guilty as charged. cohen

i am guy johnson alongside matt miller in berlin. >> we are glad to have you back but markets across asia are deep in the red and traders keep their attention on turkey. the cash trade is less than 30 minutes away. guy: turkey turmoil.

thank you very much, benedikt kammel, joining us from berlin. after brexit. the u k and e u -- say they want e.u. say they want the deal wrapped up. middle of november at the latest. louise dudley is still with us here in london. as you look at the brexit conversation, things seem to be slipping a little bit? how are you brexit-protecting your portfolio in march? louise: i think people's expectations are thinking more likely that a no deal brexit is an option and on the table, so therefore, what we are actually trying to do is ensure that we are taking that slightly longer-term view, trying to ride out the short ebbs and short-term volatility within the market, and thinking more long-term positioning, who are the winners, who are the losers? and in terms of that brexit-ready portfolio, do you think it is the consumer that comes under perhaps the biggest domestic squeeze? is there a huge differential in terms of what you want to do? it is of course so much more tied to global growth. think so. that's a bit of a positioning decision. at the same time, you have

vw will begin by deploying 2000 all electric vehicles in berlin under the -- label. jpmorgan wants to do more business with midsize companies overseas. liberty has learned that the firm is looking to hire bankers in mexico, france, spain and the u.k. to build out teams for their commercial banks. jpmorgan would be expanding into a market traditionally dominated by local banks. and that is your business flash update. coming up, with the markets actually crash if president trump is impeached? he says just that, that is the threat he gave. we take a look at how investors could manage some of the d.c. drama. this is bloomberg. ♪ caroline: this is "bloomberg markets." i'm caroline hyde. scarlet: i'm scarlet fu. many questioning what impact of potential impeachment would have on the markets. the president weighed in on that question this morning. president trump: if i got impeached, i think the market would crash and everybody would be very poor, because without this thinking you would see, you would see numbers that you would not believe. in reverse. scarlet: for more i

he lamented how few chevrolets there are on the streets of -- of berlin. the brandhdrawn earlier, a camaro costs $19,000 actually worth 58,000. they include finance minister -- the finance minister and former minister peter that says he will make up another big for the leadership as he feels he does have enough support from liberal party lawmakers. global news, 24 hours a day, on-air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jenna dagenhart. this is bloomberg. ramy: thank you. plenty more to come on "bloomberg daybreak: asia." next up, we will talk china tech. this is bloomberg. ♪ yvonne: this is "bloomberg daybreak: asia." i am yvonne man in hong kong. ramy: i am ramy inocencio in hong kong -- in new york. let's bring in so the camera -- let's bring in sophie. reporter: stocks gaining ground in tokyo as well as in seoul. the political turmoil continues and we have earnings to digest. aussie assets, you have bonds gaining ground heading the 10 year yield lower about -- at about two basis

richard jones joining us from berlin. saying, what? how possible is this? >> from a mechanism standpoint, the department of the treasury is responsible for dollar policies. the president district the treasury to start selling dollars and buying euros and bonds.uld be buying the and how he sees others manipulating their currency. they could push back against the strengthened at the same time, invest those euros that you would buy into the market. david: this is the first time a president has tried to shore up another government by buying bonds? 23 yearsted trading ago and i never remember the united states acting laterally. they do tend to do things a little bit differently. you can't entirely rule it out. not totally implausible. julie: bob doll is still here. turkey about risk points is an issue. how big of a problem will that be for europe? bob: they have to get to this time with another weak sister. at the construction problem of the eurozone. it creates crisis points. it is a problem for europe, no question about it. david: through every country, they k

at a joint news conference in berlin, the chief eu brexit negotiator said that negotiators with britain have reached the especially difficult final stretch. senator john mccain's casket has arrived at the arizona state capital in phoenix. the private ceremony had evening private viewing are to be held on what would've been the center's 82nd birthday -- would have been the senator's 82nd birthday. he will be buried on sunday following a private memorial service at the u.s. naval academy's cemetery in annapolis, maryland. global news 24 hours a day, online and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. thank you. let's get back to the markets. u.s. majors all higher today, helped by a rally in tech stocks. nasdaq composite and s&p 500 hit record highs, with amazon and apple leading the gains. this left investors wondering, can the bull market continue without the leadership of those tech giants? our next guest thinks so. joining us is kevin kelly. start with how dependent the rallies we have seen, c

rishaad: we have ankara on berlin and paris, not sure of some of the old allegiances, i suppose they don't want to see articularly angela merkel meltdown in turkey. >> that's right. they have had their own tensions between germany and turkey. it is europe's biggest economy. they don't want to see a meltdown on the doorstep. there is no talk of aid yet. turkey does have a $15 billion atar, butom powder -- q that will not last forever. there is a sense they need to adjust their physical that fiscal and monetary policy. rishaad: thank you. our asia government editor there. let's move along and look at the other stories making headlines. here is first word news. >> the aussie dollar weakened as the rba governor said he would prefer a lower rate, making his semi annual testimony to lawmakers. he said a weaker dollar would help the economy by stoking inflation and a stimulating growth. he added it would be problematic if it was depreciating in a crisis situation but overall would like to see it weaken. >> i don't addict the currency. it is a difficult and to do. a lowereen saying exchange

berlin as well. >> what is coming up on "bloomberg markets? " >> telling us the trade war is an opportunity. he is a this is an opportunity for china to make economic changes such as tax cuts rather than resorting to these old playbook of pumping and more liquidity. that is coming up. >> thank you. a quick look at how markets are trading right now. we are largely higher here today with the exception of australia, down 0.4%. shrugging off the turbulence we have seen in d.c.. ♪ ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. rishaad: president trump suffering his worst day yet. his campaign manage