I in los angeles hands on like i watch on deck today there are rumblings in the euro zone that the torch has a major quake on the horizon for the european economy kelly for the British American Business Association is on hand to analyze the situation in the e. U. From baghdad to tallinn instability plus lurking in the shadows of us trying to trade war another trade spat has killed over across the sea of japan south korea and japan have ramped up their scoot so now include military ties argy producer brant your board jones has joined the show to sift through the shaky trade relationship but for them cyber crime does not just apply to individuals as several cities across the you want are now being held digitally hostage investigative journalist ben swan logs on today to dig through the digital dilemma how do we make this show so great its a trade secret lets go. On the record evidence indicating more stimulus measures for europe are on the way and leads are global report today as market
After the Islamic Republic seizes a tanker in the strait of hormuz. Healthy growth phillips beats Sales Estimates for the Second Quarter as the ceo gives bloomberg his take on the trade war. These trade wars that are , as ave in the world strong believer in what globalization has brought to the world, i hope that we can see coming closer to each other. That will be good for the world economy. We had some outflows. If i had that back, we are actually within the target range. If i look at margins and revenues compared to the second half last year, they have substantially recovered. A very more welcome to the European Market open, everybody. European markets opening what . 28 minutes time . There or thereabouts. Futures suggesting we will be a little bit weaker at the start of the trading day. European markets expected to be a little bit weaker, apart from the 3100. I should point out, seen as a bit of an outlier, and that could very much the case in oil markets. Futures dewpoint slightly
Of a u. S. Trade war, is it a risk to investors . First, to our top story, facebook shares took a hit earlier today after the wall street journal reported Mark Zuckerberg knew about the social networks problematic privacy practices. Facebook uncovered emails in the process of responding to a federal privacy investigation, raising concerns that they would be harmful to the company if they became public. The journal says that is part of the reason why the company salt sought a quick settlement. Here in me in san francisco, our bloomberg tech executive editor, so, tom, explained this to me here. The nuts and bolts here. What is the journal saying that facebook uncovered . Tom they are referring to an email exchange, which, by the way, they have not seen them. We certainly havent. We dont know where they got them. Apparently there was this exchange in 2012, around the time that the ftc was handing down this consent degree punishment about facebook and its privacy practices. At the time, th
The movement against the extradition bill. The chief executive in definitely postponed it, but not withdraw it. Many protesters say it was not enough. They wanted the chief executive to not only apologize, but withdraw the bill. But she says that they will not consider it until at least through the rest of this year. Protest organizers say they are angry and are calling for people to come out. Already, we are seeing families coming out the starting to fill up part of the square. Many of them are carrying white flowers, which some flower vendors are selling around the subway entrances in support of the one protester who did fall to his death late yesterday after climbing scaffolding. There was quite a press conference that we saw yesterday. Thane lam spoke for more one hour. When asked about if she was to resign, she was quite defined on that regard. Defined on that defiant on that regard. Ed absolute stephen absolutely. If she repeatedly asked would resign and she dodged the question a
Firms ceo. And congress probe into big tech kicks off the discussion on how facebook and google are challenging the news industry. We will hear from a top lawmaker who does not think big is necessarily bad. But first, to our top story. Apple has a backup plan if the u. S. China trade war continues to escalate. The companys manufacturing partner says it is able to make all iphones bound for the u. S. Outside of china if necessary. This group now makes most of apples smartphones at its chinese factory. Our bloomberg tech editor joined vonnie quinn with the details. Alistair this is an executive who was talking to investors and other people in taiwan, and our reporter in asia, debbie wu, was there to listen. This is more of a plan. They did not say apple asked foxconn to do this yet, but he was saying they are very capable of doing it. It has raised a lot of questions. We spoke to an analyst over here who looks at the smartphone industry, and he was saying that actualre talking about fina