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

the u.s. says it is working to form a military coalition to protect shipping waters off the coast of iran and yemen. elephant oh how everyone i'm come on santa maria and this is the world news from al-jazeera the diplomatic row between the u.k. and the u.s. continues president drum calls the u.k. prime minister foolish and the ambassador stupid. china demands the u.s. immediately cancel a $2200000000.00 sale to taiwan and how france's environmental ambitions will see travelers paying more to fly out of the country. so the u.s. says it is attempting to form a military coalition to protect shipping off the coast of iran and yemen they trumpet ministration has blamed teheran and its proxies for several attacks on tankers in the gulf in the past few months remember a 5th of the world's oil is traded through the area. i know they're a commander in iran's revolutionary guard issued a new threat against u.s. bases and aircraft carriers in the region saying they would be destroyed if they made a mista

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. security sector assistance in afghanistan and was the project lead for the report we are going to be discussing here today, sector from security defense in afghanistan. serving as a proverbial long pole in the tent for u.s. strategy in afghanistan over the last 18 years. so certainly many lessons in best practices to be unpacked not only here today, but anchorage youtube dig into the report as it pertains to afghanistan and also the broader u.s. security sector enterprise. without further ado, i'm delighted to introduce mr. john sopko. john: thank you very much. for that kind introduction. it is a pleasure to be here. i want to thank my good friend, jon hamm rate, as well as melissa for today's invitation to discuss our sixth lessons learned report that looks at the divided responsibility for security sector assistance in afghanistan. i have been privileged to enjoy a long and strong relationship with csi s. . going back to its finding. thate continued relationship since i have been h

the u.s., but over here in europe, here's a data check for you. stoxx 600 pretty flat this hour. fourth of july low volumes waiting for payroll data from tomorrow. outperforming. yields areyear certainly worth talking about. yields have dropped below the 0.4 level, below the ecb's deposit rate. we've got gold still acting as a haven above $1400. the dollar index not moving all that much. president trump doesn't like the strength of the dollar. we will talk about that. wti not reacting positively to the production cuts extended by opec. let's take a big picture look at what is going on in these markets now. the u.s. stock market closed for trading for the july 4 holiday. in europe, equities continue little changed while investors search for direction and await u.s. jobs data. we are joined now by paul markham. very good morning -- afternoon, in fact, here in london. valentin, let's come to you first. >> it does feel like risk off is back on. currencies are outperforming low yield or's. it remai

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

u.s. exports and concerns about energy relations with china and russia. the hearing was held by the senate energy and natural resources committee. manufacturers and residential consumers alike. we have such a massive resource base that we can send substantial volumes abroad. we're now leading the world in natural gas production. hopefully soon we'll also lead in exports. a few of those experts are here to tell us what is driving these trends, where they may be headed and how u.s. l and g fits into the equation. i use this term quite frequently but i hope we're going to hear some ideas this morning on how to make our exports even more competiti competitive. i'm particularly excited coming from alaska about the role my state can play. t furk has just released the draft for the alaska project, has great opportunity to move some tremendous reserves of gas on the north slope to market. it's a pretty important milestone for us in the federal permitting process and we continue to recognize that a

to criticize them the u.s. could stop the saudis from bombing yemen for example it could stop the u.s. aid from shipping arms clandestinely to various rebel groups but the u.s. chooses not to do so because it would run counter to the economic interests of the arms industry and the geostrategic planning of people in the state department and of course might interfere with the oral business the u.s. runs throughout the region. finally woman has been kicked off a british easyjet flight for wearing clothing that was too revealing. a 31 year old mother of 2 was heading home from her holiday in spain when a flight attendant that left didn't that are on board wearing miss the attendant said she needed to put a top i've seen 3 blankets but also a pool and say she complied with the request and still wasn't allowed on board having to spend the night at the airport as a result. i know the show my buddy the tome but i feel spontaneous as i wasn't home it made me feel so self-conscious the crew and mainly through cheap she s

the list of possible u.s. sanctions range in service and include cutting turkey off from american and international loans preventing its transactions on foreign exchanges and targeting turkish banks businesses and executives took a series of tools the russian system because that's for hundreds were more sophisticated and cheaper among other reasons the system is expected to be operational by october during last month's g 20 summit in japan u.s. present donald trump said it was the obama administration that refused to deliver american patriot missile security and that was unfair presence our don says trump has now promised not to impose sanctions on tricky but it is unclear whether trump will be able to persuade congress to do the same scene and go solo al-jazeera stumble and al-jazeera as alan fischer has more now on the u.s. reaction from washington. donald trump said at the g 20 in or sachar that he didn't think the u.s. would impose sanctions on turkey if they went ahead with the part just the understood wh

u.s. curve is now below with the upper bound of the fed funds rate, which is worth paying attention to as well. what messages is the market sending? euro-dollar going nowhere in a hurry despite protestations from the president of the united thees that the europeans in chinese are using their currencies for competitive advantage. today absolutely flat. on that note, let's get the bloomberg first word news update with olivia hows. olivia: at the vatican, russian president vladimir putin met with pope francis. russian officials said the meeting would focus on syria and ukraine. tomorrow the pope is due to hold inks to discuss the conflict that country. british forces have seized an oil tanker allegedly carrying oil from iran to syria as a demand from the u.s.. there is growing concern that the 2015 nuclear treaty with iran is about to collapse. president trump warned iran not to increase nuclear a richmond. iran -- nuclear enrichment. iran has said that is what it will do if europe does not o

u.s. natural gas exports of the economic benefits as well as concerns in international markets including energy relations with china and russia. the senate energy and natural resources committee held this hearing. >> morning everyone the committee will come to order, we are meeting this morning to examine the evolving global natural gas markets, the increasingly important role of 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 natur

u.s. authorities plan an antitrust as growth in the eurozone shows signs of further shrinking, the ecb makes a key decision on stimulus. >> mario draghi made it clear the european central bank has one way to go and that is lower when it comes to rates. >> earnings reports, how fast -- continue to roll out fast and furious. >> we have been successful with pricing. >> the revenue pressure is not sustaining in the industry. >> it is the teflon company. >> from central banks to brexit, the week's top interviews. >> there is a certain small probability this could be dangerous. >> what is happening to the u.k. economy is not entirely driven by brexit. >> it is all straight ahead on "bloomberg best." hello and welcome. i'm juliette saly. this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. let's start with a day by day look at the top headlines. on monday, optimism grows on signals the u.s. and china

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. has announced a few asylum rules which seem to stem the flow of migrants crossing the us mexico border the rule goes into effect so in choose stay bonuses expected to be challenged in court the plan bloats migrants seeking asylum in the united states if they have traveled through another safe country 1st without applying for asylum there whatever those who have been trafficked will be excluded from the new rules are likely to affect central american family. he's in trouble through mexico to seek asylum in the united states the announcement comes as a court and guatemala bloke's president jim morales from signing a separate deal with the u.s. that would have designated the nation as a safe 3rd country mexico has also rejected the new u.s. measurements menorah polo has the reaction from mexico city there was pushback in mexico in response to that change in policy announced by the united states the asylum laws and i'll give you we need to talk about the context here if you were a migrant

the u.s. is urging japan and south korea to resolve their trade differences amid fears it could spiral out of control. the white house is calling for what it calls a standstill agreement to give tokyo and seoul time to negotiate a wider deal. the comments and comparative silence -- ends weeks of compared of silence from the u.s. during which japan thought it could bring u.s. on its side. global news 24 hours a day and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. president trump is lashing out of china again as trade talks resume in shanghai. bashing beijing for what he says is an unwillingness to buy american farm products. tweeting china continues to rip off the u.s. and is morning china will get a worse deal after reelection next year. let's bring in a senior editor. excitations are low going into trade negotiations this week. the president not making matters better just upping the pressure on beijing. >> yes, i think the pr

the u.s. faces especially with iran, russia, and china. his remarks are 30 minutes. >> good evening, everyone. we are going to go ahead and get started with the programming. good evening to everyone attending in person as well as everyone watching online. i served as the program for public relations. i would like to present ron robinson as well as ron pearson, the vice president of the board of directors. yet america's foundation is the premier outreach organization of the conservative movement. in 2018 the la times called it one of the most preeminent and influential forces in the conservative youth movement. each year we introduce thousands of americans used to the fundamental conservative values we believe in such as individual freedoms, free enterprise, a strong national defense, and traditional american values. this initiative has tours and conferences. i have the distinct honor of introducing tonight speaker who is a longtime friend of the foundation. the honorable john bolton is serving

u.s. dollars. wednesday, it would be a fairly decent surprise if they cut more. off -- one person out with a column on the bloomberg saying he doesn't believe a two basis point cut is going to happen. let's check on the markets in asia with juliette saly in singapore. we have been watching hong kong following the protests. weakness in the hung saying index. index.hang seng luxury retailers, developers, casino stock under pressure today. also down. selling out of the futures market. analysts saying you should be watching the kospi through august because earnings could be an impact of that market going to the downside. we are seeing new zealand stocks higher. yields falling on new zealand bonds to a record. i want to show you some of the data we've been watching out of china, pertinent as we lead into u.s. and china trade talks. industrial profits down 3.1% year on year, reversing a 1.1% rise in may. industrial profits down -- you can see on the producer price index, also fairly flat for jun

u.s. justice department approves the merger of t.v. while and sprint bringing together the 3rd and 4th largest wireless operators on a global race to build super fast 5 jeannot for. talk about temporary housing revisit workers now living in camper van communities close 3rd jobs. this is v.w. business. and in berlin welcome u.s. growth failed to live up to donald trump's promises of a 3 percent gain last year the government says the world's biggest economy grew more slowly in 2018 than previously thought the commerce department downgraded its estimate from 3 percent to 2.5 percent the overall trajectory is upwards and consumer spending is buoyant but lower spending on buildings equipment and software led to a downgrade analysts believe the trade war with china created uncertainty. and it's probably doing so still joining me now in the studio is our business reporter clifford coonan and our man on the markets. welcome to you both now what's on the east let's start with the u.s. so trump has

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

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

bob lighthizer, u.s. trade representative's and secretary mnuchin really tried to look them face-to-face to make it clear that the united states is very serious about the relationship in trade between the united states and india. believing that india has for too long a time enjoyed certain privileges that really should no longer exist given the fact it has developed as much as it has over the past few years. shery: were those trade relations getting in the way of president trump's strategy with india, the strategy in the hole of the asian region instead of trying to take the influx away from china? dr. moore: i think it's three-dimensional chess that is being played. i think you also keep -- need to keep in mind that next year, we will be in the u.s. very much engaged with the reelection efforts of president trump to gain a second term in office. so, this period of time is particularly critical because there is a great concern that although the u.s. economy has done it freely well, at the moment, it seems

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 it. >> 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. pretty significant dislocation between the industrial economy and consumer economy. >> it is the composition of the data that is worrying the fed. a furtheree 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 that is still very healthy, decelerating to trend. it is above the fed's own expectations of long-term growth.

dollars the u.s. for a go to round about $4000000.00 that all sounds great until you look at what the men's well chapattis going to be in a few years time it is a staggering $440000000.00 u.s. dollars and we can hear now from the u.s. women's captain macon repeat that. it certainly should be more and i think. yes i don't even know how to answer that question but i think there needs to be a big investment in the women's game so maybe someone like god forbid we be overpaid maybe i could just maybe i could just happen like one time in the month you know it goes to their. research it's not just in the voicing her opinion she has a lot of support on her scene but also a social media does absolutely in the been a huge number of tweets so let's just have a look at some of them we've got one twitter user who's writing the u.s. w n t doesn't deserve equal pay now they deserve more pay than the u.s. men's national team because the women have won for well cops on the mend. $10.00 the women on champions and the m

heard that the u.s. and china will have face-to-face talks on monday, according to bloomberg reporting. of thesie dollar is one underperformers in terms of g10 currencies. falling after westpac said the central bank may cut rates as soon as october. in terms of the dollar, you seen strength over the past couple days. part of that was down to that debt ceiling deal. the imf cutting its growth outlook but updating the u.s. slightly. nasdaq futures taking a hit. u.s. antitrust foot -- pro-feeding into that. wti on the front foot. the trade tension is something to do with that. cable is steady after three days of losses. a new prime minister in the u.k. in the form of boris johnson. let's get the bloomberg business flash. tradingche bank's revenue has missed estimates. they are reporting a second-quarter net loss of over 3 billion euros. the bank previously announced plans to cut 18,000 jobs and shrink the balance sheet by exiting equity trading. they announced its 2019 revenue coming lower than last year. a

the u.s. and government in europe have imposed sanctions on iran. the u.s. has left that accord. a year ago, president trump decided he did not want to deal with it. he has ratcheted up sanctions in recent months and the past year, but particularly in recent months. theinda: what could be implications of this action, especially given growing tensions between the u.s. and iran? jodi: they were really seeing growing tensions before the reaction. the u.s. and iran have been having an increasing war of words. there are even threats of military action even though president trump has said he would prefer not to go there. german,eally seeing the british, and spanish government that are still signatories to that agreement. they will start leaving uranian enrichment under that agreement. obviously puts that whole agreement in jeopardy. on the one hand, trying to stay in the agreement, negotiate with iran, but on the other hand, having to deal with the fact that the u.s. has been upping the sanctions and putting pressure on its european allies to do the same. haslinda: having said that, wh

u.s., treasury markets are closed. coming up, don't miss our coverage of the boston pops fireworks spectacular, it is a bloomberg special and starts at 8 p.m. new york time. so if you're watching from asia or europe, it's definitely worth it. let's get straight to bloomberg first word news. >> the tanks are ready to go and the fighter jets are set. all part of president trump's changes to the traditional fourth of july celebration on the national mall. the present will speak from the steps of the lincoln memorial and critics say he is turning the event into a campaign rally. president trump warned iran against stepping up uranium enrichment. iran says it will restart the model reactor if europe fails to offer economic guarantees by a july 7 deadline. the u.s. is hitting back on to the lawallenge that prevented from selling to federal agencies. they say it is designed to prevent china from gaining a strategic foothold in the networks of federal agencies. china has accused the british govern

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

so far the u.s. has imposed customs duties on chinese goods valued at $250000000000.00 china has responded with tariffs on $110000000000.00 worth of goods and all $360000000000.00 worth of merchandise is affected by the trade dispute to avoid further escalation and chinese president xi jinping agreed to a form of cease fire at the osaka g 20 in june however heading into this round of talks there is little sign of agreement from either side. we spoke to china expert richard mcgregor and i asked him how likely it is that china will back down. i think they're settling in now for a long trade war they're not nearly as exposed to the us as the market as they once were they're not nearly as reliant on export exports as they once were now i think china is hurting it's chinese private companies which the exporters are hurting most china sort of premie our technology company our way is also under a lot of pressure but i don't think china thinks it will get much by giving away a way to the u.s. so they're real

u.s. stocks down again, but the path remains elusive. police and protesters clash again in hong kong. u.s. authorities plan an antitrust as growth in the eurozone shows signs of further shrinking, they make a key decision on stimulus. >> the european central bank has one way to go and that is lower when it comes to rates. , how fasts reports and furious. >> we have been successful. the teflon company. , the week's top interviews. >> small probability it could be dangerous. >> what is happening is not entirely driven by brexit. >> it is all straight ahead on bloomberg best. hello and welcome. this is bloomberg best, your weekly review of the most important business news and interviews from bloomberg television around the world. let's start with the day by day look at the top headlines. monday, optimism grows on signals that the u.s. and china might be preparing to restart trade talks. could beiations restarting soon after a number of goodwill gestures by beijing over the weekend. that is ac

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

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

the u.s. says it is working to form a military coalition to protect shipping waters off the coast of iran and yemen. hello from doha everyone i'm come all santa maria and this is the world news from al-jazeera the diplomatic route between the u.k. and the u.s. continues president drum calls the u.k. prime minister foolish and the ambassador stupid. china demands the u.s. immediately cancel a too.

u.s. stocks hit fresh records. ratesobius says negative should be sending investors toward em debt. he also weighed in on the fx manipulation debate. >> the currency weapon has been on the table for a long time after the chinese have used that weapon. manus: a warm welcome to daybreak: europe. let's tell you what is going on in the market. what is happening with the dollar? will we see a new form of fx wars? bloomberg dollar index, this is five days. we have been down three days in a row. is it slippage or selling? europe, slams china and both in terms of their foreign-exchange policy -- big currency manipulation game, and the question he poses. do we need to match or continue being dummies? what does that mean for the market? we will look at risk on and risk off assets. gold -- we just talked to mark mobius. everyone should have a little gold in their pocket. in the next fed rate reading -- cycle, the last cycle gold flew to the heavens. we will delve deeper. oil, a little slippage in the

the u.s. has just five weeks to rip out -- banneity equipment d security equipment. launching an investigation into france's tax plan potentially leading to more tariffs, but first, let's get to our markets close. u.s. equity markets really lifted throughout the session. at one point, the s&p 500 topped 3004 the first time ever, although we did get a pullback from those early morning gains with financials and also industrials weighing on the index, but of course, and narrative today was all about testifying with the house financial services committee. investors pretty much focused there, but we are not done just yet. chairman tomorrow, powell testifying in the senate. not to mention that we get ecb minutes and u.s. inflation numbers. we are seeing u.s. futures unchanged. let's see how we are setting up for the markets in asia. sophie: asian stocks are set to broadly track wall street gains, they areigher even as one of her broad trade battle with japan. the benchmark edges closer to a fresh al

they knew the u.s. was leaving. they knew the u.s. impact on their economy, but they committed themselves to allowing a rent to sell oil, repatriate its money, have shipping, have insurance, and we have none of that. they need to live by their commitment. if they don't, and we do not have a quarrel. we have a mechanism within the jcpoa, within the nuclear deal. we negotiated this deal with open arms without trusting each other. nobody trusted each other. that's why we have mechanisms that we reduce our commitments until they comply. once they comply, it can be reversed, but if we go beyond certain limits, the reverse would be much more difficult and much more costly. withe you continuing enrichment? >> yeah, we will continue with steps, and these steps are legal, in line with the agreement. we're not going to build nuclear weapons because if we wanted to build nuclear weapons, we could have built a long time ago. john: you're very clear on that. do you think you could build nuclear weapons tomorrow? >> very rapidly. had we wanted to b

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

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

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

details from the u.s. to we will get that story. u.s. equity yen and futures and treasuries a little bit. dollar andge in the the trading day. let's look at the other side of the gmm. possibly just wrapping off the list. debt, aite for italian result of what we have seen from the italian government putting with your world. by markets reacted. commodities lapped up some of the waste on those yesterday in overts and with iron ore one hundred $20, the market is causing and we see weakness coming through and commodities and oil prices in focus because of the meeting and siena. let's get an update for you with annabelle in hong kong. china would scrap ownership limits one year earlier than land according to the premier speaking at the world economic foreign -- form. -- for him. they will be allowed by 2020. the next round of trade talks between the u.s. and china is underway. according to president donald trump, ending the stalemate between the two countries, washington announcing it would new tax on imposing a as talks restart. president tru

a quick check on u.s. markets. two hours into the u.s. trading s&p stillow is lower, off 3/10 of 1%, nasdaq leading the losses. slowing sales into the full year, given some of the trade tensions with china. -- the vix, ithat call that unchanged. i will call this lower, weaker, but not panicky. guy: europe looks a little worse. it certainly does on the continent. the dax down 2.1%. there are individual stock stories in their hurting the dax. downsideding sharply -- that is the monsanto roundup story. more gloom out of the aviation sector. the london market only down four of 1%, but, -- 4/10 the pound is kind of rescuing the british stock market. ♪ guy: 30 seconds to go until the end of regular trading in europe. a bright red trading story on the continent. mib down.ftse nordic markets down. the london market faring better. let me show you why. the reason is the british pound continues to fall -- this is a one-week chart of the pound versus the dollar. a similar story when it comes to the euro. a sharp move lower as we price and the possi

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

the u.s. and eu. toensic teams working identify those killed by state forces in the 1970's and 1980's. ♪ >> hello. gibraltar have arrested the captain of an iranian tanker seized by british marines. to claim is a vehicle tried impede, leading to an intervention by british warships. >> british shipping on alert. the move to maritime security level three by the u.k. after the government said the ship was approached by three iranian vessels. indon says a warship moved to warn the iranians away. >> we are very concerned. serious escalation of the situation, and we are proud the royal navy was there to butect the heritage tanker, we don't want to escalate tensions. we want tensions to come down. >> iran denied the incident took place with the foreign minister saying the british made the claims to create tensions. iran had warned that u.k. that would be reprisals for the seizure of an iranian tanker by british marines off the coast of gibraltar last week. ehursday, gibraltar polic arrested the cap

the u.s. could hit europe with more tariffs and here's a hint, it has to do with a big old jet airliner >>> opec agreeing to extend production cuts. up next, key meetings between the cartel and russia. >>> plus nike is pulling a sneaker featuring an early american flag after colin kaepernick complained. those details coming up. it's tuesday, july 2, 2019, "worldwide exchange" begins right now. ♪ >>> good morning welcome to "worldwide exchange." i'm dominic chu. brian sullivan is reporting from opec in vienna we'll hear from him in a moment. first let's get you up to speed on what's happening with the markets. futures pointing to a modestly lower open right now if these futures losses hold into the start of regular trading, the dow would be off by 52 points. the s&p down by 5. the nasdaq down by 23. treasury he yieyields also in fa global yields take a leg lower the ten-year 2.01% here. two-year note yields, 1.77%. let's go worldwide asian trade probably a little bit more mixed the nikkei in