coming up, netflix versus its rivals. we will look at the streaming giants future with jon klein, former cnn u.s. president. that is next. this is bloomberg. ♪ viviana: this is "bloomberg daybreak." secretary general live from the g7. here's your bloomberg business flash. today shares of swatch are higher. the swiss watchmaker is cracking down on gray market distributors cutting into swatches pricing power. the company also saw revenue from hong kong fall 10%. political protests have said tourists -- have sent tourists away. makerch luxury goods climbed to a record. estimated at a little under $108 billion. about $200 million ahead of don't gates. a group -- ahead of bill gates. the unit buys interest from investors in private equity funds who want to cash out their long-term holdings. the market -- investors want steady cash flows with less risk than traditional buyout funds. that is your bloomberg business flash. david: a lot of money out there. alix: basically you just raised a lot of money to buy out other investors

i do not think anyone is taking subs away from netflix. i just think they will compete for wallet share, and new subs are going to choose the new programs if they have smoke is a not very much money. they will choose netflix that they had a lot of money, and they will choose is the amount that they have even more money. i think it is divided conquer. i think netflix wins overall the subscriber war, but i do not think they win the cash flow war. emily: all right. shares trading at $362 of these, 13%.hey are down michael packer of wedbush, lucas shaw, thank you. hours orsing after revenue dropped for the fourth consecutive quarter, cloud revenue was up more than 3%. remember, iv and is billion-dollar acquisition of it hat last week and hopes will compete with cloud leaders like amazon and microsoft. ,oming up, all eyes on facebook and david marcus once again as he faces regulators once again on capitol hill. and if you like bloomberg news, check us out on the radio, check us out on the app, on bloomberg.com, and listen to us on sirius xm. th

now netflix set to report earnings after the bell. how about company will grapple with losing some of its most popular shows and movies to traditional media companies dropping into the streaming game. and elon musk wants to merge human brains with computers by next year. we will have the details on his latest venture. startedet's get you with a quick check of the markets. the s&p 500 falling for a second consecutive session, industrials leading the decline lower. it is now below the 3000 level. of earningsed bag and lingering trade tensions between the u.s. and china that are dampening sentiment. the dow was also down .2%. the dow transportation average is also seeking to five-month lows, and we follow that index to gauge economic performance around the world. we will get another snapshot in about half an hour when we get the fed beige book. in the meantime, we are getting some numbers out of europe with car sales again dropping. in fact, the biggest drop of the year, when you take up a look -- take a look at the month of june. we cou

netflix is another one. it feels like people are getting a little nervous, that they are cutting back, even though job growth is fine. i think we are at a tipping point, and whether it turns out dal wass right or -- was right or whether bank of america was right, i don't know. we will have to wait and see. manus: i think everybody has to sell something. that is the whole point. you know what i am shocked about? i am shocked that our analysts were shocked that korea cut rates. take a look. where you shocked? this is pretty much a global phenomenon, isn't it? eddie: everybody's getting in on it. they've -- there are very few central banks that aren't cutting. south africa will do the same thing. nejra: thank you so much for joining us. bloomberg mliv editor, eddie van der walkt. up in a -- walt. up next, danske bank reporting earnings. how are they contending with negative interest rates? this is bloomberg. ♪ >> good morning. i am their rich heritage -- nej ra. >> this is bloomberg daybreak: asia. daybreak.

that is great for netflix. when you talk about other services like disney, hbo and others, they don't hit until the end of this year or early next year. when you talk about netflix and their 60 million u.s. subscribers, you are comparing them to other subscriptions that have zero subscribers. emily: they currently have zero, but which do you believe will pose the biggest threat to netflix? eric: i think disney ultimately will pose the biggest threat. disney currently own hulu, which is the number three largest streaming service in the u.s., when you take netflix as number one and amazon prime as number two. disney already has a lot of experience in this field. second, they are price competitive and household names. when you compare disney plus, they're pricing at around seven dollars, and rumors of a bundle hulu currently has 30 million u.s. subscribers. it is a competitive package and they should be able to scale up quickly. emily: thanks so much for stopping by. eric: thank you. emily: customer data is at the

coming up, netflix and no chill. the company reports underwhelming second-quarter earnings, losing subscribers in the u.s. for the first time since 2011. what this means as the competition turns up the volume. and if you like bloomberg news, check us out on the radio, on the bloomberg app, and on sirius xm. this is bloomberg. ♪ emily: netflix reported a surprise loss of u.s. customers for the second quarter. the earnings renewed concerns about growth prospects at a time of looming competition. netflix lost 130,000 customers in the u.s. as a result of higher prices and a weak slate of shows. it signed up 2.7 million subscribers globally, also missing projections. we break down the results wednesday. >> i hate to bore lucas, because he actually tweeted he is tired of talking about this. i think price increases probably drove subscriber loss domestically. i think they are probably bumping up against the ceiling on what they can charge and continue to grow. i personally believe they will keep 80% of the domestic subscr

down, as yous are would expect, with a big drop in netflix in overnight trading. netflix said u.s. users actually shrunk, shocking the market. dragging on and adding to an already bad earnings picture. the u.s. dollar is down. 1193.55 and other currencies, especially the yen, are getting momentum. coming up, we speak to the chief officer of a lecture looks -- electrolux. there are a slew of earnings coming out and it is moving the needle. let's get some bloomberg first word news. >> the u.s. and china are struggling to find a path forward in trade talks. there has been slow progress on key initial demands. donald trump has complained china is not buying the large amounts of american farm goods he claims president xi jinping promised to purchase. the u.s. is not improve its treatment of huawei, a key demand. a key deal between the u.s. and u.k. will not be forged quickly, according to boris johnson. he predicts discussions will be quote. tough and robust he said. president trump wants more details about a cloud computing contract the pentagon is set to award amazon or microsoft. the

netflix, though, is in a niche. it is not representative of what will happen with apple, certainly not with anything happening in semiconductors with respect to trade. there are many different issues facing technology right now and i think that netflix offers something, but not a really big read through for the broader tech sector. romaine: when you think about this idea that these large cap stocks are what got us here, there has been speculation about how small caps play into this. we have not seen them really participate in the rally, at least on a relative basis with the rest of the market, is that something that is attractive or do you wait this cycle out? ann: i think it is something investors should pay attention to. in the last 20 years, there has only been four times where the small-cap stocks or russell 2000 has led by more than 10%, and we are in that cycle right now where the russell 2000 is lagging by more than 30%. in those prior events, that gap has closed rather quickly, actually. so this one hasbro m

the noose is tightening for netflix. here ineggy, washington, when it comes to --flix and how big a problem to netflix, how big a problem is the streaming we are seeing from the likes of disney and hbo? peggy: we are seeing apple coming out with a streaming service, disney, and others like at&t and comcast. the competition is mounting, and they are showing some weakness internationally, which is where we are seeing a lot of companies really do well. if that is starting to struggle, they could be in for the long haul. alix: this also highlights that some companies are having a hard time passing through priced increases. what have you noticed so far? reporter: it is a mixed bag. you are seeing around the world luxury companies are feeling certain macro events. industrial space took a massive hit. i think they were down the most since 2008. we will see a lot of terrorist -- a lot of tariff concern and economic outlook concern. if you look at the investments they are having to make in technology, if you look at the week cons

the results at netflix. this is something that should be a concern for netflix shareholders moving forward with so much good competition on the arizon, led by disney=, much cheaper platform. the second issue being people switching from platform to platform, depending on what shows are on, canceling and then re-subscribing, which is not good for netflix. overall, netflix is a good company doing well, but the valuation is stretched for the coming competition. emily: shira, you are nodding. why? shira: i thick it is a good point, that the bull case on netflix is the default. it is the everything store for entertainment. if people decide, we are not that interested, we will turn it off for six months and switch to hbo or try out disney+ for a while, then i think netflix loses that position as being the subscription service people subscribe to and that never turn off. i think that is a big risk for netflix, particularly at this valuation. emily: next week, we have facebook, alphabet, amazon. i have a chart showin

i am sometimes negative on netflix, and people call me on it. but it is because i just think the future will be pretty tough for them. they have made some wise decisions in terms of the money they have invested the past few years in terms of original content. and obviously, "stranger things" is an example of that. obviously there's still previous titles, like "orange is the new black" that have done well for them. but the problem is it is not just "friends." it is original movies from disney. the fox library that disney purchased. it is the new original content from apple. i think they have never had so much competition in terms of known content that they have previously licensed as well as original content that will be pulled off their platform and go to competing platforms. emily: how does netflix fill the void? is it all about original content? or can they fill it with original content? >> one thing netflix has benefited from even with the amount of money they're spending on original content is the first mover advantage they have had in terms

i think this is something netflix has been preparing for. they are pretty aggressive in terms of trying to track the best content. think it's kind of a big thing for the outlook. that is a big reason why i think you start to burn through $3.5 billion of free cash flow every year. that being said, the next three to five years i think there is a clear line of sight in our view for the company to turn free cash flow positive as they continue to leverage the content spending and continue to grow subscribers, especially with a lot of international markets still relatively underpenetrated. vonnie: the stock is down 11% right now, the worst performer in the s&p 500 today. analyst, thanka you for joining. let's check in now on the first word news. york, a: here in new judge decides today whether financier jeffrey epstein will remain in jail. epstein has been locked up since he was arrested july 6 on sex trafficking charges. prosecutors say epstein is a flight risk and an unrepentant criminal. sayyoto, japan, authorities 30 people died in a suspected

investors stream out of netflix. tradersall worldwide as start to consider an underwhelming earnings season. growth slows. raising doubts on future revenue. we will break down the numbers with the cfo. iran's foreign minister says europe needs to live by its commitments. offering slim hope of a breakthrough with the u.s.. get security by praying for it. you have to invest and do what is necessary. europeans need to take the necessary action. view shotas in my itself in the foot. hour away from the european open. take a look at the treasury yield. the brief jump the bulls were awarded has come back down. the 10 year yield continuing to fall back closer to two. we do have equity index futures. a relatively large drop. 0.6 percent. ftse futures down 0.4%. open.ld be a rough >> that does look like a rough open. haveve some that disappointed. the bigger picture from asia, one of worry. markets, down 0.7 percent. hong kong weaker, 0.6%. suggests risk aversion. data out of that economy. concerns around the earnings season.

netflix shopped investors by reporting a drop in u.s. customers at slower than expected growth overseas. shares plunging in late trading on concern that hires obstruction charges have not been supported by a strong enough slate of new content. netflix gave a more upbeat view of the next quarter, forecasting 7 million new sign-ups, thanks to several new shows and new seasons of current favorites. paul: ebay jumped in late trade after boosting its full-year earnings forecast. earnings per share at two dollars 75, that is up sums -- five cents. it also jumped in the regular session. it is saying it is reviewing the rule of its star hub and classifieds businesses. ebay shares are up about 40% this year, up more than double the benchmark s&p 500. shery: ibm jumped in extended trade as earnings beat estimates. investors are also looking forward to the prospect of potential future gains, saying that $34 million acquisition of red hat. after lagging in the cloud market for more than a decade, ibm is pegging its future on a strategy that will all

let's talk about netflix tumbling in late trade. the streaming giant shocked investors and analysts by reporting a drop in u.s. customers and much slower growth overseas. basically, the higher prices that were implemented did not sit well with u.s. viewers. >> absolutely. this was a real -- i mean, there's no way of sugarcoating this. are not new tors this roller coaster ride, but i think with the quarter really -- what thewas quarter really highlighted was is this a minor blip we are seeing or the beginning of a slowdown? as you point out, the price hike obviously had a huge role to play in this, but along with that, management also highlighted other factors seasonality. >> how much does this have to do with having an original content hit? we know "stranger things" has just come back. they are expected a surge of subscribers in the current quarter as a result of that. 10 netflix keep the hits coming? >> i actually think they can. we have so many of these zeitgeist-hitting shows they have been able to put out. they have had huge bre

up bbc and itv are teaming to face netflix. the service is called britbox, costing $7.50 a month, lower than what netflix charges for its standard service. alix: i love britbox. david: i am in for that. u.k. dramas are the best. alix: they are super cool. now to the fed cutting rates. rate cuts potentially pushing futures higher following dovish comments from fed president john williams. this is the implied yield -- that white line. the blue line is our current fed funds rate. -- see potentially 225 point two 25 point. katie: it is possible. yesterday threw confusion into the calculus, whether it is an or to private -- prevention a cure. there is a case to be made for 50, but i am not sure the committee will get there. david: but if you pay attention to markets, if they think they will be 50, will they not just a 75? katie: that is the danger going 50 in july. first of all, i think the fed would be worried about signaling there is something worse going on in the economy than markets thought. second, i think it is feeding fuel t

netflix did not immediately respond to our request for comment. technology,e of ai fake videos and audio keep getting better and easier to make, and also harder to spot. last month, deepfake videos featuring the likeness of mark zuckerberg and house speaker nancy pelosi triggered a new round of questions about policing this information. and, with the rate that technology is progressing, lawmakers are concerned doctored videos could add to the spread of fake news. bloomberg's quick take explains the rise of deepfakes and the dangers they pose. >> we are entering an era in which are enemies can make it look like anyone is saying anything at any point in time. >> jordan peele created this fake video of president obama to matured how easy it is to put words in some one else's mouth. >> we need to be more vigilant with what we trust from the internet. >> not everyone bought it, but the technology has rapidly improved, even as worried increase of the potential for harm. this is your bloombergquint take on deepfakes. lookings are realistic video and audi

it is as crazy as anything you will see in the netflix show "narcos." as you say, it kind of explores the gray areas in terms of what is legal and what isn't. if you are interested in business, those gray areas are interesting. because it is a way to see, it is entertaining to see people doing bad stuff, but it also shows you what are the bounds of morality and ethics. and when business breaks down, what happens? jason: that story about the man who could not stop robbing banks. it is about addictions on several levels. carol: it is indeed. here is a reporter josh dean. josh: when i reached out to this guy and made contact, it took a turn. it is about a very successful bank robber, but that is not what it is about. carol: so the guy is anthony hathaway. tell us his story. he was pretty successful at one point. josh: he was an engineer in boeing who was formerly in charge of the biggest jets boeing makes. he was flying around the world in business class, meeting with airlines on every continent, flying around, and he got addicted to opioids. carol: how di

netflix reports tonight. disney is a better way to play the change in consumer behavior to direct to consumer. we look at some of the value tech names, hbe, ebay. there are some bargains, just not amazon. nejra: we will pick up on netflix, but i just want to ask if you see any opportunities in the redistribution of global supply chains as a result of the trade war and that part of the tech sector your. -- tech sector. christopher: every corporate board room with manufacturing outside the united states is thinking about redistributing the supply chain, and we think mexico will be a beneficiary. emerging markets go, relatively bullish on mexico . tom: as we go to bank of america , i want to come back to the banking issues. we have a chart, jp morgan, wells fargo before the recent challenges doing well, and a five-part system, citibank and bank of america just not getting it done. what has been the distinction among too big to fail out performers and underperformers? is it all legacy or are there other issues? c

shares of netflix fell 30% over two days. the suit, filed in the u.s. district court in california also names netflix ceo and cfo. >> speaking of movies and entertainment, what could possibly boost a disney remake ticket sales? try beyonce and donald glover. at stars help the lion king the box office. get how this't movie works until they described it as a national geographic documentary with beyonce and donald glover. this, i was bewildered as to what they were doing. >> i love national geographic. scarlet: did you go see this? caroline: i don't know if i will be able to cope with it emotionally. scene was hardh enough as a cartoon. family members have been and they said it is fantastic. >> we almost went because our air conditioner broke. tickets available, we are there. coming up, china's new star. the latest stock venture, the star board. we will discuss. theeijing an answer to nasdaq. first day of trading on the star market, gains in all 25 companies listed. what were some of the big success stories today? shery: we are talking about 25 companies m

we saw what netflix did to investors last week. earnings is a threat, but the price of downside protection continues to rise for equities, everyone talking about convergence. one of the best things to do right now, hold tight and do nothing. what is the argument? adam: it has been a winning strategy. markets have been quite ranged down, the s&p has touched out on record highs, but the gains we saw in the first half of the year have simmered as july has progressed. at investment firms, we spoke to the ceo, he said that is what you want to be doing. you don't want to be taking it bets at this point. we are unsure how the fed policy progression will play out the next six to 12 months. we have a cut for the end of this month but after that things get more tricky to assess. you don't want to be adding to risk assets, but you want -- don't want to be getting defensive through that is the crux of the arguments. this is a lot of people in the market say there are enough worries for you to want to be significantly dialing back on very getti

. >> netflix tumbling after the streaming giant reported a prize loss of u.s. customers for the second quarter. renewing concerns about its growth prospects at a time of living competition. netflix says it lost 130,000 customers in the united states as a result of higher prices and a weaker slate of shows. what is your reaction? >> i think price increases probably drove the subscriber loss domestically. i think they are bumping up against the ceiling on what they can charge and continue to grow. i personally believe they will keep 80% of their domestic subscribers. competition starts to materialize. disney plus in the fall, warner next year. more content at the end of next year. >> microsoft shares popping after reporting fourth-quarter results topped estimates. a continued strength in the cloud business. another big quarter for microsoft. this was expected. what is the top line take away? >> almost every line item was good. we did not find anything negative. the potential in the enterprise space is enormous. >> tensions between i ran and the west -- iran and t

plus, netflix needs to get stranger. stocks plunge after a subscriber dip. they need to bet on new shows like stranger things. elon musk announces his latest

it was met with not much of an applause compared to netflix, amazon. you see more people writing apps, more gaming. , this music,ion is the tv. than aants to spend more billion dollars in content, try to compete with netflix. i think that is the more exciting component on the service side, seeing what they will do on the entertainment side. emily: we will be speaking about huawei a lot later in the show. a leader in 5g and competitor to apple in the smartphone business, and has become sort of a pawn in the u.s.-china trade war. apple isn't putting out a 5g phone this year. we expect that next year. does that mean apple will be behind? dan: that is always the concern, that huawei or maybe samsung will be ahead of them. the next cycle is this 5g. the possibility of a foldable phone is being talked about going into 2020. as you mentioned before, the isnes coming out this fall not really going to be viewed as overly dynamic in forcing people to upgrade. 60t roadmap to 5g and also with the acquisition of the modem business from intel, all very interesting f

james, is this a netflix thing or microsoft thing? saw what happened with netflix and all of these stocks have run backup to where they were and in some cases higher. from a risk award standpoint you do have facebook on the positive side because there should not be any anomalies in the optionality. , we sawther hand, apple a big risks given the transition. in the middle, amazon and google. google still has transparency issues lingering. amazon, the growth rate should come under scrutiny because we have not unlocked the next day of e-commerce, which is aimed day, same hour. knew netflix would be soft on subscribers and they have big competitors. do you have that replicated in the other big companies? james: from a valuation standpoint, netflix was standing on its own. it was 10 times revenue, which was absurd. at the same time, there were opportunities. the other ones were much fairer. google and facebook 20 times earnings. amazon three-time sales. much more available from that standpoint. the metrics investors are scrutinizing, for fa

netflix the worst performer in the s&p 500. ,ubscriber growth slowing albeit a good quarter and other metrics and maybe this is a chance to buy on the dip. we just heard from lance fritz, you is reversing the effect of the bloodbath yesterday and helping rails to gains yesterday. that is a look at global markets. main items on the agenda in france. the french finance minister spoke about the topic with bloomberg earlier. >> we are moving on and i think digital taxation is the key issue. you have a new business model. this new business model of the 21st century is not taxed at the right level. i think it is in the interest of all countries, including the u.s., to have a fair and efficient taxation of this new business model. we want to have the taxation system of the 21st entry for the business model of the 21st century. maria: you make it clear president macron is committed to this. you've also said we could look at lifting our own national tax. do you think if we take that step the united states of america should pull the 301

. ♪ emily: and investor is sugita netflix after the company reported it lost u.s. stub prescribers for the first time in eight years. the proposed class action suit claims the streaming giant kept the bad news under wraps for two months and said pumping up the stock price with rosie projections. the suit says the company stuck with the prediction of five million new subscribers they knew to be false or misleading. netflix report add loss of nearly 130,000 subscricers following a price hike from $11 to $13 a month. with the rise of a.i. technology, fake videos and aid yo keep getting better and easier to make and harder to responsibility. deep fake inute, another round of questioning. lawmakers are concerned the doctored videos could further add to the spread of fake news. bloomberg explains the rise of deep fakes and the dangers they pose. >> we are entering an era where our enemies can make it look like we are saying anything at any time. >> gordon made this video of present obama. >> moving forward we need to be more vigilant with what we trust from the internet.

. >> netflix tumbling after they reported a surprising loss of u.s. customers for the second quarter. this renewed concerns about its growth prospects at a time of looming competition. netflix says it lost one hundred -- 130,000 customers in the united states as a result of higher prices and a weaker slate of shows. what's your topline reaction? >> i think price increases probably drove the subscriber lost a mystically. -- loss domestically. i think they are probably bumping up again to what they can charge and continue to grow. i personally believe they will keep 80% of their domestic subscribers as high as $20 per month. their last 10 million subscribers are probably middle income households and they notice when prices go up a couple of dollars which they did in january. i think you will see continued defection as content migrates away from the site and its competition starts to materialize. disney plus in the fall and warner next year. leaving at the end of this year and the end of next year. >> microsoft shares popping after a reported fourth-quar

the big story is netflix down 11%. the stock down the most in three years. we have seen the company lose $60 billion of its market value because of subscribers. a big miss their. a net loss of subscribers of 130,000 and the growth of sympathizers -- of subscribers internationally came in at just half of what the company had predicted. david: coming up here, "send her back." that is what people chanted at a trump rally. as the president found his foil for the 2020 election? we asked our panel, next. this is bloomberg. ♪ david: this is "balance of power." i am david westin in washington. we turn to mark crumpton in new york. mark: billionaire financier david epstein will remain behind bars as he awaits trial. a judge in new york has denied epstein bail. prosecutors's have argued epstein is a flight risk and an unrepentant criminal. congress may be a step closer toward an agreement on the debt limit. one democratic eight says lawmakers have reached a compromise on running for veterans health care as a part of the debt limit talks. the treasury department has

netflix was at the top of the pack. one analyst was saying the story is coming to an end in terms of growth for netflix. he be at a rate his call -- reiterates his call that netflix decline. a significant backlog many investors to bail. that caused many investors to bail. boeing taking a $4.98 billion write-down. the stock off after hours on that news. it is making provisions for the possibility that the maps jet ax jetbe grounded -- m could be grounded. hitting it out of the ballpark with some of the numbers. shery: cloud power coming from microsoft. su: it was the story of the cloud. many people showing optimism. let's take a look at how the stock has performed here today. it has been -- year to date. it has been such a great story. about $1.37 a share. many people finding that is continuing to bring more customers into the fold. shery: c keenan, thank you so much. let's bring in state street global macro strategist marvin lowe. great to have you in new york. very early in the season, but still, we continue to see ana

those couple of collaborations, working with macy's, is it festival onchella, "stranger things" netflix. is there a sense of what kinds of collaborations these mean for building the brand? jordyn: coachella is a great example. in 2018, beyonce war their andts -- wore their shorts, the same thing with "stranger things," a lot of people watch that show. let's be where the young people are and put ourselves out there. the same thing for macy's. that was for younger kids, hopefully, you get that loyalty young and stay in it. that is one of their best strategies they have going right now. shery: how are they trying to appeal to the international market? are there challenges there, like currencies? jordyn: they are opening around 100 stores in 2019. already open 78 international stores. jordyn:one of the challenges isg sure there is an audience there. that goes back to them having the t-shirts. obviously, a lot of uncertainty overseas. has mentioned that, said that they are monitoring the situation. jon: thank you so much, jordyn holman from bloomberg news. we are going to take a quick break.

that is netflix. declineot seen a sharp since the court where it split its two businesses, the online streaming and the dvd. this is a two day look at it. and almost 12% decline. as a $15 billion drop in market value. as it dropped u.s. customers amid new competition and how much it is pending. shery: i'll focus this week has been on the earnings coming out of the u.s.. in the backdrop of this recent rally that we have seen, before the reason losses this week, has been more expectations of fed easing. investors are waiting on the meeting as the -- at the end of the month. those who not waiting, other central banks. we had a surprise cut by the bank of korea, lowering rates 1.5% for the first time in three years. it was surprising they did not wait for the fed to act at the end of the month. it was not surprising given that the economy had been taking. exports following for the last seven months. inflation, very subdued, low 1% for the fast -- for the last six month. we have seen investors thinking the

plus, netflix needs to get stranger. stocks plunge after a subscriber dip. they need to bet on new shows l

netflix says no chill. losing subscribers in the west for the first time since 2011. what it means as the competition turns up the volume. lawmakerecond day of

it is less than netflix charges. tom: we are considering the and considering the politics of the moment. andonsidering the moon considering the politics of the moment. let's look forward with julie roginsky. she has worked for corporations, trying to manage messages, including for the former governor of new jersey. "a saturdayted by event in council bluffs." we will have the usual victims of the democratic party and governor bullock of montana. how far the democrats from the operational mainstream of guys like steve bullock? julie: i don't know they are far from that. there is an embarrassment of riches. they run the gamut from joe biden. tom: is biden alone in moderation or do you see other candidates tilting or at the margin trying to adjust? julie: i don't think i was encouraged. booker, they are all part of that centrist coalition and i think some of them do not want to be known as centrist. klobuchar, these are not radicals that will sell -- set wall street on fire. tom: they are clearly not viewed as radicals b

ceo elon musk announced drivers will soon be able to stream netflix and youtube from an-car displays. the option would only work if the car is not in motion. caroline: one to debate. coming up, mexico's president says interest rates are too high for the country's slowing economy. this is bloomberg. ♪ mark: i'm mark crumpton with bloomberg's first word news. the trump administration says the government employee health plan will tighten rules on opioid painkillers starting this fall. they's -- it is the world's largest job-based health plan, covering an estimated 9 million people. under the new policy, the initial prescription will be for a seven day supply instead of up to 30 days. the president this weekend issued a blistering attack on elijah cummings, calling the black maryland democrat a bully and calling his district a "disgusting, rat and rodent infested mass in which no human being would want to live. the comments came in a series of three twitter messages this weekend. a prominent defender, the reverend al sharp, traveled to baltimore to hold a press conference. sharpton: don

other tech heavyweights weighing on the market, amazon, netflix, facebook dragging the benchmarks. also the 10 year yield falling for a second consecutive session ahead of the fomc meeting. focused on the resumption of trade talks between the u.s. and china. in the meantime we have futures unchanged in early trade. let's see how asia is shaping up, paul. paul: new zealand has begun ,rading on this tuesday morning , mixed picture for futures futures traded out of chicago for the nikkei currently looking kind of flat. a different story for so, up .25%. a big day in terms of news out of japan, a big earnings week with jobs figures expected to hold steady. the big one, the bank of japan meeting. in sydney, meanwhile, currently trading higher by .5% on the futures market. closing just shy of a record on monday. let's get the first word news. >> trade talks resume later tuesday after a two-month pause with little expectation of anything other than a framework for further negotiations. the two sides are holding their first face-to-face meeting since may but key differences remain and neit

elon musk announced drivers will soon be able to stream netflix and youtube woman in car display. an in car from display. it only works when it is not in motion. that is your latest loom or business flash. guy: a bit of news, this is coming in from the administrator of the woodford fund. the administrator is saying it will remain closed and is likely to be locked until early december. much to the annoyance of the investors in that fund. liquidity issues once again. this is bloomberg. ♪ vonnie: live from new york, vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." let's catch up with bloomberg first word news. suingrench activist is officials saying they should have done more to protect people after the notre dame -- week, city officials ordered a deep cleaning and health authorities recommended blood tests for people who lived nearby. france is sticking to its plan in defiance of u.s. president trump suggestion he may propose retaliatory tariffs on french wine. the finance minister says the two are completely different issues and should not be lumped t

emily: the gaming service, apple tv plus, the netflix competitor, apple news. which of those are you most excited about? maribel: the health services. i think the card does more to their bottom line than it does to change the industry. ofterms of content, plenty content choices. i think a solid showing is not what will drive it. i think they need to find new revenue streams related to health or possibly something else. bel lopez of lopez research, thank you. dan coats is out as the director of national intelligence. outill know -- we will find what his replacement's plans are if he gets confirmed through congress. this is bloomberg. ♪ toly: welcome back "bloomberg technology." some of the -- some of the most well-known tech companies way down the s&p 500. some of the biggest laggards on the index. this as we wait earnings from apple tuesday. we take a step back into the bigger picture, large-cap index, the nasdaq 100 has made quite the comeback in 2019. out, do youolumn think it is really a semi-distant memory, or could it come back anytime? >> it absolutely