one basis point. crewed up by over 1%, but it has been a brutal crude up by over 1%, but it has been a brutal week. it s time now for global exchange, where we bring you the market moving news from all around the world. let s kick it off with the latest on the trade war. chinese officials are narrowing the scope of what they will address in high-level talks that kick off thursday in d.c. bloomberg s shawn donnan joins us on the phone. what do we know so far? shawn: the chinese delegation is coming again to washington this week, led by chinese vice premier liu he. he has been saying there are two big things they will take off the table this week. that is any discussion of broader industrial policy, and that is made in china 2025, this plan from xi jinping to dominate the world in areas like robotics and artificial intelligence, and also government subsidies. these are the subsidies that have really fueled china s industrial rise over the past 20 or 30 years. they are off the
can i think you and your team at the conservative central office for doing a fantastic job? it s been a team effort and shown the conservative family at its best. if i could make one plea as a backbencher, can we be kinder to the next prime minister then we ve been to the current prime minister? [applause] without further delay, i m going to hand you over to the one for cochair to the wonderful cochair of the committee. [applause] thank you very much, charles. on the 24th of may, the prime minister, the right honorable theresa may, announced that she would be standing down as leader of our party on the seventh of june. over the past 46 days, the 1922 committee organized five ballots of members in parliament, and then worked with the party chairmen and electoral reform services to present the final two candidates. they are qualifying nubbers of the conservative and unionist parties that can vote for our new leader. i want to echo charles thanks to brandon, the party board
you had some stronger inflation numbers out of europe. the 10 year yield moving lower by one basis point. crude just a touch softer, down 20%. down .2%. , the vice fed chair speaks in washington. we will also hear from alan greenspan. data, u.s.t economic gdp growth for the fourth quarter. pg&e will release its fourth-quarter earnings. alix: we turn back to the trump-kim summit in hanoi. talks broke down unsanctioned demands. basically, they wanted the sanctions lifted in their entirety and we couldn t do that. uke awere willing to de-n large portion of the areas we wanted, but we couldn t give up all the sanctions for that. we will continue to work and we will see but we had to walk away from that particular suggestion. alix: shinzo abe reacting to trump sus decision decision. walk me through what happened this morning, the reaction on the ground. it was disappointment all around, basically. trump said he went into talks to seal the deal, but it s not good enough and h
breaking news with mcdonald s. second-quarter earnings is just out. it looks like a pretty difficult quarter for the company. one dollar and $.44 per share. for $7.3ates were billion. global con sales are relatively unchanged. the u.s. was actually down 1.5%. look great does not either. it tompany is expecting be negative. in israel, more than 600 evil have died. state issecretary of calling on hamas to cease fire. let s bring in elliott. what are the chances a secretary kerry has any cease-fire? he has i do not think he would come all the sleigh if he thought he had no chance whatsoever. it is a tough call. let s not forget on the table is a cease-fire. offense were rejected. they will not release prisoners who were arrested in the search for the murders for three israeli teenagers. that is let their demands were. the offer on the table has not changed since last week. it seems there are more, fan israel thought. is there for ank longer-term offensive? it will carry
it is part of the brand and the revenue stream and it has fallen behind both in the hardware space and the streaming space. brings applenics the headphones that everyone wears. on the music streaming site you have beats music that has garnered a lot of attention. i do not know how successful it has been on the business side because they have not released numbers. right, so is it worth $3 billion? complex many analysts would agree that it is not worth any analysts would agree that it is not worth that much. what is concerning is that you ve never had apple acquire a brand, ever do big deals. billion dollar deal for what essentially boils .own to a brand that is cool it is not a new technology. it will not move the needle on the technology front. apple has a lot of money. overseas but the money is not accessible. debt tos had to issue give shareholders value back. yes, it is a blip on their overall cash balance, but if you look at their operations, it is not a small numbe