michael: greece. iain: i will take greece. lisa: will u.s. 10 year yields be closer to 2.5% or 3% by year-end? iain: above 3%. michael: closer to 3%. priya: 3%. lisa: when will the u.s. yield curve invert, six months or 12 or more months? priya: six months. michael: 12 or more. iain: 12 or more. lisa: really quick. you care about the yield curve. or is this time different? priya: i care. michael: yes. i think the fed is whistling past the graveyard. i think it is a big deal. iain: i think the curve continues to flatten off. i think this time is different. lisa: my thanks to priya misra, michael collins, and iain stealey. from new york, that does it for us. we will see you next friday at 1:00 p.m. new york time. this is "bloomberg real yield." ♪ manus: you are watching the "best of bloomberg daybreak: middle east." i'm manus crowley. aramco's ipo is a no go for the time being. the giant is preparing to head -- hit the debt market with its first international bond offer. moody's downgrades 20 turkish banks and warns the worst

think about greece, the debt ceiling debates. i like to kid around the politicians like to take us up on a very uncomfortable ride, let us have a look over the cliff how ugly it could get, and then pull us back at the very last minute. there are headlines the talks could resume between the u.s. and canada on wednesday. so that's another factor here. >> we've got an official comment here from a u.s. trade representative >> a new development here now a u.s. trade representative on the record, robert lighthizer today saying the president identified the president of his intent to sign a trade agreement with canada and mexico if it is willing 90 days from now lighthizer going onto say the agreement is the most advanced trade greet in the world in the next few weeks they'll be able to examine the agreement. they'll find it has huge benefits for our workers, ranchers, farmers and businesses saying we have also negotiated with canada throughout this yearlong process this week those moatings continued at yearlong levels, we made progress

i think -- i was never worried during the situations with greece or spain, i was never concerned because history is very important. irope has a rich history think as time goes on -- rich history, and i think as time goes on we will make sure that resiliency continues. thatitching to be ok and question on brexit, it seems like the deadline for coming to coming up,t has been and you must have game plans this. what would you say are the author of a messy divorce? i will not desolate -- tidjane: i will not call the outcome in that. we were all asked to present new plans by the ecb. that was the chief executive of credit suisse, speaking to us in beijing in an exclusive interview. time now for the bloomberg business flash, a look at some of the biggest business worries in the news right now. coca-cola is expanding in the hot drinks business by buying a global brand. for is trying costa coffee five point $1 billion -- $5.1 billion. both coke and pepsi have been seeking alternatives while the market in sugary drinks declines. second-biggest u.s. has-hailing company, lyft, hired an ipo adviser t

michael: greece. iain: i will take greece. u.s. 10 year yields be closer to 2.5% or 3% by year-end? iain: above 3%. michael: closer to 3%. priya: 3%. lisa: one will do you -- with the u.s. yield curve in verve -- invert, six months or 12 or more months? priya: six months. michael: 12 or more. iain: 12 or more. lisa: really quick. you care about the yield curve. or is this time birth different? priya: i care. michael: yes. i think the fed is whistling past the graveyard. i think the curve continues to settle off. i think this time is different. lisa: my thanks to priya misra, michael collins, and iain stealey. from new york, that does it for us. we will see you next friday at 1:00 p.m. new york time, it's a quick p.m. london time. this is "bloomberg real yield." ♪ ♪ looks good to bloomberg first word news is news this afternoon. it is looking less likely that the u.s. and canada will meet today. speaking to reporters in washington, canadian foreign affairs minister said while the canadian and u.s. teams are working hard "we are not there yet." optimistic, saying canadians are goo

what the s&p 500 is -- valuation that is about double what the s&p 500 is, analysts are saying it in greece in the margins by 320 basis points. rbc calling it a blog quarter. nursing growth -- blowout quarter. thank you so much. vonnie: we have news crossing the bloomberg. schattner suing the pizza chain and the board. assistance forr stopping irreparable harm to the company. papa john's down about .2%. this is "bloomberg." ♪ . vonnie: 11:00 a.m. in new york and 11:00 p.m. in hong kong. 30 minutes left in the trading day in europe. from new york, i am vonnie quinn and this is the european close on bloomberg markets. here are the top stories we are covering. indexes are fluctuating slightly higher as trade talks advance. technology shares are advancing. a fifth monthly high for the s&p 500. we will speak with omair sharif about president trump's threat for tariffs on $200 billion of chinese imports and how it could inflect -- affect inflation in the united states. --exclusive interview with 90 minutes left into the trading day in the united states. abigail doolittle is with us. >> small ga

czech republic and germany both below four percent on the other hand of the spectrum there spain and greece where more than one in six without work. but of course u.s. on inflation is also down to two percent in line with the b's. stable for kids you must have two paul brits at the front but stock exchange public data shows that the block is quite strong and solid now with strong seeming to picking a fight with the e.u. is he perhaps biting off more than he can chew. well with two percent of interest rate and they used to be just in line they may. interest rates may actually be rising by the end of the three years so it's a good it's a good sign yes a question is here really picking a fight though with the e.u. if we imagine this to be a children's break played around which is you know kind of not so far away in his days he's been he's been saying names he's been pointing at a stone maybe but he hasn't thrown any tariffs at you yet he's been much less has the time with china with the tit for tat going back and forth but why is he to start that he'd be getting battled from two directions at

i was never worried when portugal, ireland, greece, it , i was never concerned. europe has a rich history. i think all of the decision-makers are determined to do with -- whatever is necessary in the end to make sure that the euro continues. nejra: that was tidjane thiam speaking to tom mackenzie in beijing. says he does not regret appointing jerome powell as fed chairman, even after criticizing interest rate hikes by the fed. he made these comments and an exclusive interview with bloomberg in the oval office. andl with us is james athey christian keller. everyone had stars in their eyes at jackson hole as jerome powell spoke. james, you want to focus on what bloomberg is calling the financial stability star. a different picture to the neutral rate? james: yes. i read that article a few days ago and it was a bit of a hallelujah moment. to me it is a philosophical question. this is not about the academics ,nderlined, the economic theory this is about the notion of making decisions under uncertainty. what you can and cannot know. what we have seen in the build up t

. , withnever worried portugal, ireland, greece, i was never concerned because history is very important. , and ihas a rich history think we will do what is ever necessary in the end. >> switching focus to the u.k. and the inevitable question on brexit. it seems like a deadline to come to an agreement has been pushed back, and there are risks for a hard out for the u.k. if there is no deal. you must have gamed through and game planned on this. we were ready to present plans. there will be a reasonable outcome which is in everybody's interest. guy: that was the credit suisse speakingane thiam exclusively to bloomberg's tom mackenzie in beijing. interesting what he had to say about what is happening with the market reaction to out of europe. this talk about the stock stories we need to focus on now. coffeead is selling its to coca-cola. sage down by 8%. up next, the bank of finland's governor, olli rehn, an exclusive interview with matt miller. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." made,rst trade deal ever in an exclusive oval office interview, pr

over irelandorried or greece. i was never concerned because histories are important. europe has a rich history and i whatever is necessary will be done in the end to make sure the euro continues. anna: that was credit squeeze's ceo speaking to tom mackenzie. ranko berich is still with us. when you look at what is happening in the e.m. fx base and see the argentinian peso continue to decline, the rupiah at the lowest despite four hikes since may from the bank of indonesia. and then you listen to talk about how it comes down to current-account deficits. what hope do e.m. countries with those deficits have of supporting their currencies at all? ranko: it depends on the specific currency. are we talking about credible monetary policy, credible fiscal policy? are there reserves? that is additional on top of that. sayingjane is right in it is not a contagion thing were all of e.m. will enter a bear market. in places, you have very good prospects for a rally. in the case of argentina and turkey, they are dealing with currency crises the question monetary policy in turkey and

think you're expected to just be a scholar and think about things we used to have that back in ancient greece and stuff you had a lot of friends idea exactly like you and he just thinks he says he's working somewhere around the city of london but actually i've never actually seen him in the cambridge that's just because he's westernized he has to pretend to be a working hotel he's also the i don't know but are just yeah the fact is that we use that thinkers and philosophers we no longer value that and therefore you know in fact you're the highest value in the us economy is to go to business school and apparently that you're being. you know you profit from thinking less so that's actually proven here but this is a system as you said financial eyes and it's all really a debt racket and they they they you know cloak it with these high falutin words like we're just trying to educate the population it's a knowledge economy we're all just going to be smart and. well fool rather well you know enough writers you know in august some are bombing children in yemen you know that you don't want empathy ok

i completely understand that mediterranean countries, like italy, like malta, like greece, like spain, are sharing more of the burden than other countries. and that's why the system in europe must be that other countries show more solidarity with our south european partners. that is the whole debate we are having that in good and bad times you have to show solidarity among the member states, but one thing is also clear. there is an obligation to save those people, to rescue those people, when they are risking their lives in the mediterranean. but when you see what is happening, whether it's an chemnitz or in italy, or indeed the brexit vote which we will come onto a minute, can you say that eu policy on migration is working? we must improve our eu migration policy. of course things must be better, must get better, but the solution for the migration challenge must be found at a european level. and that's why we have to strengthen european external borders. i believe in some years‘ time we'll have a european border guard and a european coastguard, because we must understand, if you wa

they trailed 3—1 from the first leg in greece and were all but out when they went behind on the night. despite matej vydra's late equaliser after some penalty box pinball — the result ends burnley‘s first participation in europe for 51 years rangers and celtic will both be in the draw for the europa league which takes place tomorrow. rangers drew 1—all with nine men against russian side fc ufa, to win the tie 2—1. celtic beat lithuanian side suduva 3—0 on the night and a—1 on aggregate. eight—time winners liverpool have been drawn at home to chelsea in the third round of the carabao cup. this is the stage where teams playing in europe join the competition. of the others who received a bye into round three, arsenal will host brentford, holders manchester city will travel to league one oxford united, tottenham watford is one of three all—premier league ties, while manchester united are at home to frank lampard's derby county. the full draw is at our website. scotland's women's world cup fate is out of their hands, despite beating switzerland. they needed to win by two go

that will be familiar to those of you in greece, are a money to pay off the debt for money you have already borrowed. argentina's currency has lost half its value since the start of the year — you'll now need about 39 pesos to buy one american dollar. the country is struggling to repay debts, which are equivalent to 57% of its gross domestic product. well earlier we got analysis of the situation from argentina expert himena blanco. box 1 i think there's two main issues here. one is what happened in the previous administration and what is this administration go. so if we go back to the previous administration would talk about currency controls, it was fiscally irresponsible to subsidize energy to the rate that it was done. so when he takes over he already has an economy in recession and struggling. i think to his credit he manages to stabilise the economy without going into a deep crisis. but he didn't go far enough and the economy remained exposed to external shocks as we have seen in other emerging markets. ithink external shocks as we have seen in other emerging markets. i think a lot o

is trade business cyprus, greece, iceland can have implications just because of it trade links. so that's how i view argentina i worry very much about turkey these days >> go on more about that why is turkey more of a concern for the u.s. than argentina is >> again, it's going to beal secondhand smoking here. it's going to be going through europe the problem isn't so much the economy or the size holdings of bank debts, but i think the issue people are underestimating here is geopolitical the europeans have given turkey a pledge of $6 billion euros to prevent migrants from coming through north africa in the middle east to europe. turkey is holding them back. if turkey is in dire enough straights and need financial aid they could basically tell europe you give us the money or we'll let migrants through if europe says no, turkey may go, try to have talks with russia, or iran or other countries to get the aid, which obviously europe doesn't want to see that other geopolitical country building in that direction. both of those could impact u.s. companies and u.s. equities via u.s. sen

serbia, greece, macedonia and the list is endless and across the we could talk about the new reports about turkey initial. i can tell you there and latin america. four years ago i was at a meeting with treachery tragic l said what can we do about the fact the russians have the first two numbers, rt has diversity numbers in argentina television? i said, there's nothing to do because by law you are prohibited. there are authorities that prevent the military from acting even though it's a warlike action. they are all over the place. not just in the united states. but as we've never seen, tremendous value of reporting, the great budget of russian attacks and probes in the united states are directed at not the left-wing with the right wing. the republican party can support the republican party, lobbies that include affiliate with the republican party, nra, prime example, where you read the indictment and you see the trial reports and other reports that come out about this. you see she was trying to infiltrate the nra. she was involved with groups that are close to republican party i consi

youtube live this is a teacher who says i remember i was working in a group that helped refugees in greece and how much the story brought attention and help to our group and just how quickly that empathy disappeared people for the media got bored so on that note of boredom we found this week just scrolling around r.r.c. this is from andrew and he wrote in europeans are no longer shocked by pictures of drowned telegrams this is americans are getting used to images of teenaged children were letting the fear mongering politicians undermine our basic humanity so andrew actually sent us a video comment picking up on that thread and here's what he told the stream. i think some sympathy for refugees and asylum seekers has diminished in recent years in europe this is mainly due to fear mongering and hate mongering by certain politicians who are trying to pretend this group of people is a huge threat for some reason to their country to their people to europe and try to win votes off the back of that we see this in places like italy where the interior minister has been threatening to send people bac

millions to not go to school at all in a country that is now their new home that in greece there is a glimmer of hope chance are awful as has that story. coderre ahmed abandoned his restaurant in the afghan city of can do is three years ago when he found it riddled with taliban machine gunfire he brought his three children to greece where the aid organization out of cease helps them apply for asylum and find an apartment. is a single parent so he only works occasionally the bulk of his energy goes into helping his children attend school. i want them to be doctors and if by then there is no war in afghanistan to return their build their homes and lives there and help rebuild afghanistan afghans are not entitled to relocate elsewhere in europe so once in greece they enroll their children in school the united nations high commission for refugees says education is vital if their children are to help rebuild their water on country's. gives people something to do. propose them for a future. where there is a future people then or going to be refugees for the rest their lives the walls and pe

matt: what parallel can you make between greece and italy? greece is the lehman brothers of the troubled european peripherals, surely. we have learned our lesson. we aren't going to let them get that close to failure again. also, a different scale in terms of the problems. maximilian: i wouldn't make a comparison other than the political element i mentioned on how populists act in certain cases. proceed ines europe an environment where it is three years behind the united states. it will struggle to raise interest rates. it is held together by extraordinary monetary stimulus generated out of the ecb. is europe working? majorlian: so, europe has fundamental problems. you are thinking about not fully functioning baking union, no fiscal union, labor is not as flexible as capital and on the other hand, you have any cb which is setting rates -- an ecb which is setting rates for diverse member states. what we are also seeing is europe is growing quite nicely above trend. for example, if you are looking at eurozone growth potential about 1.5%. this c

to deal with our own people i have a personal thank you from them that bulls them and they went to greece. to actually go and see it themselves and when they come back again they send me and we'll get a message. for the avar for ever that they thank me to move them to do so all of us all of us have the power to talk to a people who will say you know you oughta for the middle east i'm your from you on muslim your christian we need to educate people bring no matter what we are people and when it comes to educating people i think that you of course are doing that as you speak the been mounted tweets that i see coming in reference up but i want to pivot here to this tweet from doctors ahead of you and on our panel today who wrote in yesterday saying everyone knows where he or she was when they saw the picture of your nephew for the first time so three years ago is when that picture surface today news looks like this is carrying tweeting in syrian refugees in lebanon are now at risk of forced returns despite ongoing battles attacks from militant insurgencies cases of imprisonment torture and f

i have two administered to people lot of greece, what of rope and hope they will grow from things that are definitely biblical scene. iti that are definitely biblical scene. it i have those hopes for the president. but as president, donald trump is accused of pathological lying, paying off a porn star and encouraging a draconian immigration policy, with hundreds of parents separated from their children. hallelujah! greenleaf christian centre, a black evangelical church in north carolina. the reverend doctor william barber says many christians have dumped their principles in return for access to power. the leadership of evangelicalism, people like franklin gray and others thomas said that are put donald trump in the white house. do you agree with that? they can say anything. the slave master said god made slavery. it wasn't true. segregation, it wasn't true. the greatest critique of donald trump is not his personal vices. what is his worst is his political vices, his political agenda. members of his congregation agrees. political agenda. members of his congregation agreeslj political ag

is almost half a million followers want to be his own free roots is a photo we took in greece i saw this little girl and she was like eight or ten years old but dressed like a woman for some reason he was such a strong woman strong strong interaction. that it really made me comfortable with shooting people which never happened before all the more impressive given the fact that he taught himself the art of photography and it all started in two thousand and thirteen i was in the students in brussels studying p.r. and i had an internship in paris in a smaller commission i didn't see and i would say that's really where everything changed in the fact that i really realized. the life i had there in terms of my internship wasn't just made for me so that's. one way to get your strata and this journey started there transmitted by both the beauty and skill of nature and our door since human that contrast is what his followers love although he credits his online calculator into two murder factors two one of the reasons of . my success as a photographer is probably because i've studied p.r. and comm

hello the vigorous thunderstorms that we've seen recently in greece and floating around turkey satellite picture reveals them are about to become rather less decreases all the energy is transferred to the other side of the mediterranean over spain tickly western front to the area of low pressure is associated with increasingly warm air and the whole lot is pushing up some big thunderstorms the west in france and i think further north with the heat now the moment you see that's the dome of warmth and in the middle of europe what i suppose germany poland is deep down to twenty or below that scandinavia too with the water either side of that i think anything that cooler weather will try and push each is not get very far the next batch of biting winds and rain will try and edge into france as you can see it gets in there that'll be the thunderstorms paris as a result ends up with about twenty degrees the whole lot blows through some i think big downpours as this pushes through the alps and yes there is the winds from the north but a chill coming to the low countries so this middle bit german

nobody now is saying this is a greece-like issue. however the fact that their bonds are trading like this -- keep in mind that most sovereign debt in europe is trading under 1% italy above 3% this is just something else to put on your global macro radar your one number today. >>> let's talk about that, about trade, and this market run with us is ken cayman. you have an interesting view on google and others. start with this are you or your clients surprised by the strength of this market run lately we could be on pace for eight weeks out of nine. >> what people read about how the world will come to an end because the market is at the longest bull one they've ever had, as if there's a magic signal that said you broke the record, now go down. people are thrilled when they see profits. the market is clawing back from the downturn we saw in february, and the break outis to tout is upside, not the down side. that's a bullish sign. with corporate earnings going the way they are, the economy, now trade talks, you know, those looking like the

the smugglers boat that would take them to europe was left to fend for himself travelling first to greece and austria before landing in kill in the north of germany that he got in touch with the red cross to find out where his family was i'm told that made it to the u.k. often handy. i can see her face on my phone so i feel completely. it's like hitting the jackpot. raiser is not alone the red cross is looking for one hundred thousand missing people worldwide the highest number in ten years. one reason why we get so many requests is certainly to do with the fact that there are more people fleeing now than for a very long time and there are over sixty eight million displaced people worldwide and many of these people whether they are refugees or displaced in their own countries lose contact with their families i'm turn to. the red cross uses placards photos and the internet to search for missing people and in many cases they also find them. having contact with his family again has given me a new zest for life. which is my first i would like to finish my training and then i would like to see

help was a sign of the while thing -- wealthy thinking family and had traveled much in greece and turkey. he combined roman, greek and egyptian. no publisher would take on the risk of producing it in color. the interiors and colors used were described in some detail. the book records hope's own interiors and his own richly decorated home. this is the style which many refer to as regency. in actual fact, the prince regent himself, did not adopt the fashionable theme of household furniture. george, prince of wales, the prince regent from 1811 and king george the fourth, was an extraordinary man. he was loathed by historians for almost bankrupting the nation. but, he was adored by art historians like me with his passion and genius for collecting. he looked face forward and backward in his taste. he built fantastical palaces. he had bought a modest little classical villa at the end of the 18th century. over the next 25 years, greatly in -- and lunged at and transformed its interiors into these spectacular asian inspired fantasies. sorry about that, there we are. it was the prince of wales, h

it's on the map island of lesbos in greece. it was orginally set up for around 2000 refugees, at the moment it's home to 8000, most of whom come from the middle east and afghanistan. the bbc has been given exclusive access to the camp. this is catrin nye saw. food is scarce, conditions are appalling, and violence is always co nsta nt. while filming, two people are stabbed in the food line, police block us from getting near the scene. always the same pattern at sta rts scene. always the same pattern at starts of a fight now it's for the food lion, people got stabbed, and it's always something between different communities. i'm ssa condition can lead to drink, that's deep trauma, their as ten attempting suicide. we are reporting this to the public system to units here, look, we have children attend as ten yea rs old were look, we have children attend as ten years old were trying to commit suicide, there is nosed child psychologist on the island. despite the fact we push to move these children to athens, as soon as possible, it's

if the entire in government has to make substantial cuts and go through what greece did, cannot infect your business fundamentals -- affect your business fundamentals? david: you really have to analyze and look at these things. you are right. in the case of italy, they have a healthy portion, a large portion. not economically healthy, of debt. that to gdp is somewhere near 130%. there are a few things counterbalancing this. one is the public sector also owns a lot of assets, and, unlike greece, they could probably go through asset sales to walk on -- work on that that. number two, and more importantly, italy is wealthy. to gdpvate sector debt is extremely low in italy. you don't see this consumer leverage and business leverage. it is a very wealthy country when you look at private sectors at the gdp. they do have to control spending, duty reforms, but they need to start growing their economy. the north grows in the south does not and they have to come up with ideas to energize the economy. lisa: that was david speaking earlier on bloomberg. come up -- coming up, google yourself. we hav

hello the vigorous thunderstorms that we've seen recently in greece and floating around turkey satellite picture reveals them are about to become rather less decreases all the energy is transferred to the other side of the mediterranean over spain tickly western front to the area of low pressure is associated with increasingly warm air and the whole lot is pushing up some big thunderstorms the west in france and i think we further north with the heat now the moment you see that's the dome of warmth and in the middle of europe where i suppose germany poland is down to twenty or below and that scandinavia too with the water either side of that i think anything that cooler weather will try and push each is not get very far the next batch of biting winds and rain will try and edge into france as you can see it gets in there that'll be the thunderstorms paris as a result ends up with about twenty degrees the whole lot blows through some i think big downpours as this pushes through the alps and yes there is the winds from the north but a chill coming to the low countries so this middle bit ger

now let's get a quick check of some other stories making news around the world on greece prime minister viktor orban has called for a new european commission and parliament that stop migration his comments come after a meeting with the italian interior minister matteo salvini orbán praised me for being the first senior figure in europe's mediterranean countries to prove that it is possible to stop migrants arriving by sea. prosecutors at the international criminal court are calling for the conviction of the former congo warlord bosco and ganga on charges including murder rape conscripting child soldiers and sexual slavery he faces eighteen counts for his role in the deadly conflict in the democratic republic of congo fifteen years ago he denies the charges washington says that the international court of justice has no authority to force the u.s. to lifted sanctions against iran iranian lawyers have demanded the u.n. court lift economic sanctions were imposed by washington over its nuclear program the u.s. state department says the u.s. has a right to protect its national security. hele

‘ve just seen there in that piece the sort of pressure that there is on processing centres, both in greece and in italy. tens of thousands of migrants still stranded in these countries. and for all the good intentions that were expressed recently at the brussels summit, not much has changed. is that why perhaps people like matteo salvini are rising in the polls? i think that is why he is in power. it is the cumulative effect really of so many years of migration, more than 600,000 people reached italy‘s shores since 2014. which by and large put matteo salvini in power. and the words he spoke sincejune, when he became the interior minister, the de facto most powerful man in the government, have seen his position rise. he has been to libya, he took an italian air force jet to libya, tweeting pictures along the way. saying that he wanted reception centres in north africa. that hasn‘t happened. but a lot of italians like what they hear from him. butjenny, what we saw happen in saxony last night suggests that the actual numbers of migrants coming into the country do not necessarily have an i

hope was a sign of the wealthy banking family and had traveled much in greece and turkey and his handbook of furniture and interior designs reflects his intense exoticism combining roman, greek, egyptian and other influences, though his handbook was published in monochrome, no publisher would take on the risk of producing it in color. the interiors and colors were described in detail in the accompanying text, the book records his own interiors at his extraordinary rich and intensely deck created house in duchess street. part of the newly fashionable part of london this is the style which many refer to as regency. though it is not an actual fact that prince regent himself did not adopt the fashionable style as seen in hope's manual of household furniture. george, prince of wales, the prince regent from 1811, and king george iv from 1820 until his death in 1830 was an extraordinary man who almost defies categorization. loathed by historians for almost bankrupting the nation, but adored by art historians like me for his passion and genius in collecting. quite often against the fashion of the

catrin nye, bbc news, greece. the flag at the top of the white house has been lowered for a second time following strong criticism that it was raised too soon the death of the veteran senatorjohn mccain at the weekend. mr mccain and president trump had clashed on many occasions and the late senator had requested that donald trump should not attend his funeral. the president has now said he respects the senator's "service to his country" and has signed a proclamation to fly the us flag at half—mast until his burial. jon donnison reports. thank you very much. mr president, do you have any thoughts on john mccain? do you have any thoughts at all about mccain? at times over the weekend, getting president trump to say something nice about his long—time criticjohn mccain was painfully awkward. you don't need to be a body language expert to get the message. but the former vietnam vet and prisoner of war who survived torture is regarded by many americans as a hero. as criticism of the president's obvious reluctance to

and unlike greece, they could probably go through some asset sales to help work on that debt. number two, and more importantly, italy is wealthy. the private sector debt, private sector debt and g.d.p. is extremely low in italy. you don't see this consumer leverage and business leverage. it is a very wealthy country when you look at private sector debt-to-g.d.p. so really, they do have to control spending. but more importantly, they need o start growing their economy. the north grows and the south does not. they have to come up with solutions to energize this economy. romaine: and that was david herro of herro associates speaking us to on bloomberg. vonnie: where markets are trading. we're just about five hinz to the european close and the stoxx 600 europe is a 10th 1%. and the s&p 500 is up as well. pulte, up higher. the peso is creeping back up towards 19. it is giving back some of those gains. 1887. wore going to speak with the economy minister later this hour to talk about that trade deal and lots, lots more. this is bloomberg. ♪ vonnie: the senate has devoted to advance

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the weather sponsored by qatar and greece. the bold this is al-jazeera. hello and welcome to this al-jazeera news live from doha i'm martine dennis coming up in the next sixty minutes a total disregard of the suffering of the people of yemen. the u.n. accuses all sizes suspected war crimes in the conflict in yemen. rejecting rouhani iranian m.p.'s refused to accept the president's explanation about high inflation and the failing economy. setback for peace south sudan's rebel leader react much refuses to sign a deal to end the civil war. and a man made botanical garden in africa draws crowds as the continent's rain forest face the threat of extinction. i'm joining us go with the sports manchester united say they'll stand by their under pressure manage chose a marine gary has demanded respect i one more premierships alone then the other ninety minutes of. for me for them to receive research. has been described as the world's forgotten war where all sides in yemen a responsible for blatant human rights violations un experts accuse the yemeni government and i

catrin nye, bbc news, greece. the japanese car—maker toyota is to invest several hundred million pounds in the car—hailing service uber. they intend to expand a partnership tojointly develop self—driving cars. the firm said this would involve the mass production of autonomous vehicles that would be deployed on uber‘s ride—sharing network. our business correspondent, theo leggett, is here. i guess we can understand perhaps where they are going with this, my first thought, for all the drivers they currently employ? yes, this will not happen overnight, but the long—term trend is for more rights hailing services and ultimately for the cars in cities at least to piece of driving, it will be a lot cheaper once the technology is ready. alterman the bag —— ultimately, bad news for drivers. how many people are looking at this? this is about future proofing, a big trend in the car industry. car companies call themselves mobility service providers. they know in cities at least in the future people will probab

they have to make substantial cuts, they have to go through austerities, maybe the way greece did -- cannot affect business fundamentals? david: you have to analyze and look at these things. you are right. in the case of italy, they have a relatively healthy portion,, large portion not economically healthy, of sovereign debt. debt to gdp is 130%. there are a couple things that come to bounce. the public -- that counterbalance. the public sector owns a lot of assets and unlike greece, they can probably go through asset sales to help work on that debt. number two, and more importantly, italy is wealthy. gdpprivate sector debt to is extremely low in italy. you do not see this consumer leverage and business leverage. it is a very wealthy country when you look at private sector debt to gdp. they do have to control spending, they need reforms, but more importantly, they need to start growing the economy. the north grows. the south does not. they have to come up with solutions to energize this economy. alix: are you adding to the current positions or looking for new positions in different i

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say made from greece. they arrived on u.s. shores weeks ago, but they were ordered, as you mentioned, back in december, well before there was any talk of tariffs. upon reaching u.s. shores, this project, a $1.1 billion project to bring crude from the basin where we're standing now to corpus christi, that project is subject to an added $40 million in tariffs thanks to the enactment of the tariffs this year now, the company filed for an exemption, was denied the ability to exempt this steel from tariffs the reason for that is because commerce department said that the steel that they were importing from greece could actually be sourced by domestic producers, but the company says that the exemptions process should actually prevent these retroactive tariffs from taking place as well as protect against critical infrastructure projects like pipelines to deliver crude oil. at the end of the day, though, this is kind of a similar chorus we're hearing from companies about flaws that they see in the exemptions proces

we are in greece. it sounds strange but people, even if affected by ebola, they still have the hope to survive or they have the support of their family, their society, the village, their relative. here, no. here, the hope is taken away by the system. the charity msf refuse to operate inside moria in protest at conditions. this clinic is just outside. the children here have skin conditions caused by poor hygiene inside. respiratory diseases brought on by tear gas fired into the camp by police to quell fights. we had a mental health programme for children here and in between our patients, we had a ten—year—old child wanting to suicide inside moria. you are having to deal with children as young as ten attempting suicide? yes, and that maybe sounds real extreme but it is something we are seeing constantly in moria. is that normal? no, it's not. it's not normal, it's not normal, but that's the problem. we are reporting this to the public system, saying, "look, we have children attempting suicide. " chil