Also coming up on the program, amazon is taking on apple and samsung. Securing a spot. We are going to speak to the ceo of electrolux about whether we intelligent connected washing machines, dishwashers, etc. We begin with a bloomberg exclusive. Loreal is scooping up Beauty Brands around the world. The Worlds Largest Makeup Company is buying and labased at Cosmetics Company. The ceo tells us he sees more acquisitions after this deal. In an extremely rare interview, he sat down with caroline in paris. It is a fantastic brand. Brand. Professional it is the only brand like that. Has been a Great Success in luxury for many years. Equivalent in luxury, the brand urban decay. We are planning a huge success with this professional makeup brand. The size ofeal acquisition you are looking for . It is not that, it is just that we thought it was a great opportunity and we took it. At seizingty good brands that are still at the early stage of development and making them huge. Maybelline. Xamples, w
Telling to fight the sunni insurgents. President obama has not ruled putting troops on the ground. Andrew david is with us now. Andrew, can this violence be stopped . It is very unclear. They have swept in. This has been going on for a week. We saw a good chunk of the iraqi army collapse and evaporate. They are within 60 miles of baghdad. Clearly they have more support in the north than they would in the south and as you mentioned we are seeing calls for civilians to take up arms. But calling for that to stop an insurgency shows how desperate the situation is. There are reports that a quarter million iraqi soldiers may have defected. Al qaeda thinks they are too violent. That is pretty frightening. They have a lot of experience earned in syria fighting the civil war. They took much of the north in less than a week. They captured a lot of equipment. The iraqis have air support. You know the army evaporated in the north. Yes. Obviously we look at Market Reaction to all of this. We have s
Deals with china. The oil major is expected to unveil mostly billion ton deals to supply staff to china. Mitsubishi launch their takeover proposals for the firm. The french president prepares to meet the ceos of the two firms in a few minutes. And another recall for gm. The troubled automaker takes another 3. 5 million cars off the road for faulty ignition switches. Youre watching worldwide exchange, bringing you Business News from around the globe. Welcome, again, to worldwide exchange. Lets get straight to our top story today. American troops are going back into iraq. The white house announced its deploying up to 275 million personnel to provide security to the embassy in baghdad and other u. S. Interests in the country. The Iraqi Military has so far managed to curtail the sunni rebelled pushed towards baghdad with continuing to consolidate their strong hold on the northwest of the country. The u. S. Says its open to iran over what measures it can take. John kerry said discussions di
Back to your point before we hit the headlines, its been a heck of a month for stocks. 43 s p 500 stocks are up more than 5 . Just in june. And im telling you, if you sold in may and went away, you lost out on just about all the gains for the year. To your point on oil, williams, new field exploration and others, theyre leading some of the gains. Oil has actually led us higher. Thats the down side on those things is oil helps out until it starts to act as a tax on the consumer. And you dont know what the he end of the summer is going to bring. Yeah. One thing i would say, we dont care about oil prices, can he care about gas prices. We had a guy on from bp yesterday who was talking about their global study that they look over lee years. And the good news is oil prices are more stable than theyve been at any point the 1970 witness stand that means theyve closed above 100 for three years straight for the first time ever. Yeah. Crude oil has been higher than where we are right now. Carl ic
9 billion to settle. And aceos is back online. The fashion retailer gets back to business after a warehouse fire over the weekend, but the firm says its fully insured. Shares pair losses. Well, a warm welcome again to Worldwide Exchange this morning, a bright, early monday morning. We do have some further pmi data out this morning, too. We had france and germany already this morning. Now weve got the composite pmi coming. It was estimated at 52. 8. Its coming in right now at 53. 5. Thats for june. So, compared to the estimates pretty much in line with forecast, but the pmi manufacturing estimate at 52. 1, manufacturing coming in at 52. 2, so slightly better on the manufacturing. On the services, too, its come in at 53. 2, bang in line with estimates, of course. And we did have france and germany out this morning. Germany pretty much in line as far as the manufacturing is concerned, weaker on the services, and that dragged the composite down. France weak across the board, both services