Talks on again, but the path to a deal remains elusive. Joe officials have been cautioning not to expect a whole lot. Juliette police and protesters clash again in hong kong. 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. Juliette earnings reports continue to roll out fast and furious. Frank we have been successful with pricing. Sergio the revenue pressure is not sustaining in the industry. It is the teflon company. From Central Banks to brexit, the weeks 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. Juliette it is all straight ahead on bloomberg best. Hello and welcome. Im juliette saly. This is bloomberg best, your weekly review of the most important Business News, analysis, and
The nikkei was off by. 10. Hang seng managed to edge higher by 1 3 of a percent. Shanghai comp down. 4 of a percent. Over in europe, take a check there. We have red arrows aside from italy which is managing a. 6 percent of a gain. The dax is down by half a percent. As for treasury yields, it seems to be in focus it has been in focus as we are waiting. Fed chair jay powell might say about a potential rate cut in july the twoyear now 1. 925 . Quite a steep rise considering that the recent low is 1. 696 . 195 on a close. Amazing yields. Obviously stretched lower in trade news, top u. S. Officials, talks back on the hill the first high level talks with the chinese counterparts yesterday. They continue to try to work out a trade deal people close to the conversation say both sides are going to continue talking but that existing tariffs could be, in their words, the new normal. Netflix is losing another high profile tv property next year friends is moving to warner streaming service hbo max.
Phones and notes. They were looking for evidence into who leaked this Police Report on the death of San Francisco public defender jeff adachi in this north beach apartment in february. Carmody obtained the photographs from a source and provided to the iteam and other media outlets. In response to complaints from First Amendment advocates, San Francisco police chief bill scott admitted his investigators made mistakes and apologized to Brian Carmody in may. We do owe an apology. To whom . The people in San Francisco. To Brian Carmody as well. Do you . Why . We made some mistakes. Hearings on four more search warrants including on his home and office are coming over the next month. Ill keep track of it. Now, the s. F. P. D. Would not respond to todays news in court pointing to a statement in may in which the chief says we must do a better job. And more to come. For sure. Thank you, dan. All right. New at 6 00, San Jose Police have named a grandfather killed in a Home Invasion robbery, 84y
And the proclaimed arrogance of Silicon Valley. Ripples ceo has called Facebooks Libra pitch to lawmakers somewhat presumptuous. We ask how the controversy is impacting the broader Crypto Market. But first to our top story, it is big techs turn, facebook, tesla, alphabet, all reporting secondquarter earnings. Amazon and alphabet reported results thursday. For alphabet it was all about sales and regulation. Our guests weighed in. If you look at the way google gets revenue, about 85 of revenue at google is coming in from the ad business. I think, given the competition they will be facing, you do not want to be in a spot where you have north of 80 of revenue coming from advertising. So i think that they are going to place a bigger emphasis on the Cloud Business. How much success are they going to have . It is hard to say. They have not been able to get out of that third slot, as you have said. They are facing massive competition against microsoft and amazon, who have had a lot of success
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 weeks 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. Lets 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 according to chinese media. Looks likeare seeing , they are about to start buying again, soybeans and possibly some pork and other agriculture commodities. That is goodwill measures if you will, but w