Theresa may says she wants views and ideas from other parties as she tries to reset her brexit stance after last months election loss. This is bloomberg surveillance and im mark barton in london. We are one hour into the equity session. Stocks have opened, gaining for the first day. Rising for the first week in five. Stoxx 600, up by 1 3 of 1 . Kuroda, the boj governor, reissuing the boj remains ready to adjust policy as they did following the intervention last week to cap rising yields. The german 10 year yield is down by a couple basis points today. In the last couple weeks, we have had the 10 year yield rise i30 basis points. We have seen a 30 basis point moved to the upside following hawkishs from the likes of president draghi. Oil falling price, 4 last week. Kuwait saying libya and nigeria might be after capping supply to rebalance the market. Listed to the bloomberg first word news. Reporter Donald Trumps eldest son met last year with a russian woman who offered to provide potentially damaging information on hillary clinton. According to a statement from donald trump junior, the meeting took place in june of 2016 after his father secured the republican president ial nomination. The fbi is investigating russian interference in the election and whether there was any collusion between members of the Trump Campaign and moscow. U. S. Treasury secretary Steven Mnuchin says the white house is committed to givinetting the tax overhaul process through congress by the in of the year. Tax will not include a 40 rate for the richest americans. Theresa may will call on opposition lawmakers to help steer britain at of the european union. In a speech tomorrow, marking one year since she entered 10 downing street, the Prime Minister will urge other parties to come forward with their ideas on how to tackle the countrys challenges. Meanwhile, a survey by the british chambers of commerce shows u. K. Companies are overwhelmingly opposed to britain walking away from talks to leave the eu without a deal. The poll of 2400 firms found over 1 3 wanting the u. K. To remain in the customs market. More than 75 fighters using 10 fire engines have tackled a huge place at Camden Market in north london. Emergency services were called to the popular tourist attraction surely before midnight local time after the fire took hold in a property near the camden stables. This comes less than one month after at least 80 people were killed in west london. Global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around the world. You can find more stories on the bloomberg at top. Be payingstors will close attention when janet yellen gives her semiannual testimony to Congress Later this week, after fridays u. S. Jobs report came. Nonpharm payrolls rose by 222,000, the strongest reading in four months. The data comes amid increasingly hawkish tones from the fed and other global Central Banks in recent weeks. Ans bring in the Investment Committee chairman. Boot in, stephen. What will yellen say . It is all about legacy and she has excellence to go. She has a six months to go. There is no way she will be nominated again. She know she is on the way out. What kind of legacy do you want to leave . Do you want to be the fed chairman that led inflation get out of control, you want to reality miller . Do you want to be allen miller . But i think there has been a big change in fed speak the last couple of months. And i think it has been largely desire to show she is tough and she could raise rates and she will leave the u. S. Economy with inflation under control. Secondly, there has been talk about financial conditions and that is the second thing. The Financial Markets, the last generation all believe it was the fed put. Now we have the fed saying, sorry, gusy. Everything is over the top here. S it is not just the equity markettephen isa. Weve got a very big change in fed policy. Mark why arent the markets taking it on board, if you agree with stephen . She does not want to be the first person to take the punch bowl away. And i think the markets are still watching the influence of that. And it is really difficult because polls are extremely biased. U. S. Flows and european flows effectively what the Central Banks are now wssaying are, look, for the time being we will look more into output extension rather than cpi profiles. Stories will continue to be boring. Oil might actually give a little bit of a boost on the break even over the next six months. But effectively, the central bank, we are getting the same by thec from the ecb, way. They are saying, were going to look into the output extension and even there, we are getting the level of stimulus is not coherent anymore. That is what they are saying. The markets have to get a hold of it and understand it and adapt to that. Therefore, we are still relatively negative. Aside, weing the fed have to talk politics. Stephen, congress is back, three weeks. Health care will be attempted to be pushed through. Before you move on to tax and infrastructure, health care has to be addressed. A, is it going to be addressed in three weeks . If its not, what are the knock on effects for the rest of the year . For the last three months, the donald stock in washington has come off the lows. I think there has been an understanding. And you read some of the editorials in the New York Times. The resistance, or the attempt, tusing the russian weapon to stymie the whole administration, that will run out of steam. Some of the by elections have come in good for the republicans. That gives the Republican Administration a little bit of a chance to put their differences aside, but the question is, can they . I dont know. ,he politics inside the beltway the divisions within the Republican Party are so great difficult still typical t to see in three weeks. Expert we have been talking to for the last quarter has been absolutely surprised with the slow space, the ability of this government to push for any type of reform. Very good third they have a lot on their plate when it comes to investigations about the russian meddling. The media is not focused on that anymore, but effectively, we have not come to the conclusions of that yet. They dont have the willingness they probably have the willingness, but not the power to get people together. I agreed that the gop, it is the same template of friction. Ell come towill in the third section. Up next, trump, putin, and g20. We focus on what we have learned this weekend about the state of international weekends. International relations. This is bloomberg. Mark lets get to the Bloomberg Business flash with nejra cehic. Reporter the ceo of total confirmed he will travel to qatar next week to kick off a joint venture amid diplomatic tensions between the nation and its neighbors. He told bloomberg that gas is still flowing from the pipeline operating from total. Exchangeuropean stock has about 2. 3 billion available for acquisitions as it looks to double its finds and diversify. This figuredants out at the pending at bit of pending exit of britain from the european union. I think our fundamental trend is starting. If you want to make money and do business with the companies in this group of 27 countries, 19 of them losing steam, then you have to be located in that part of the world. Nejra that is the Bloomberg Business flash. Summit concluded with the u. S. More out of step than ever. President trump flew home, having been lectured on trade by china and france, having received platitudes. In his first sitdown meeting with president putin, the leaders agreed on a syrian ceasefire. Trump plans to create a cybersecurity and it with the russian, amidst criticism from fellow republicans, as well as democrats. What is the measure of success for this summit . Who are the winners, the losers . Well, yeah, of course that depends on who you are. I think the german chancellor Angela Merkel certainly got something out of it. She is running for reelection this year in less than three months time. She held a summit, holding aside the writing going on holding aside the rioting going on in the streets. If you like a facilitator of the worlds most important leaders and got a final communique of the summit that bridged the differences, but also did not paper over them, which was her purpose. We talked about putin. He also got this sort of what appears to be an announcement from trump that the russian meddling in the u. S. Election, they will let bygones be bygones. We will see how that plays out. And certainly, french president summithad his biggest yet, if you like. Hes only been in office for a couple weeks. Everybody took something away from it, which does not mean it produced massive progress on these issues. Mark thanks a lot for filling us in on the g20 summit. Still with us, Stephen Isaacs and luis costa. You are markets guys. How much do you care about the g20 . Is not that relevant to markets, but it is interesting. I think the trump approach here was to reach out to different allies, different directions. He spent a great deal of time in poland and gave quite a keynote speech, quite a impressive speechn about western values. Got through the summit, had the meeting with putin without a great deal of controversy a little bit about the cybersecurity, but they managed to make the point that they both wanted to get on, and made some sort of agreement reference regarding syria. , where is he going . Hes going to the chance ely sees. A little bit of international cooperation. Trump is completely isolated. Bbc aslways shown on the a controversial president. You can ignore him and things are getting done by his the ministration, and that is not a bad thing. Some say he is weak at home because of the probe and is undermined abroad. Absolutely. Unfortunately, the last time the g20 meeting gave the markets an honest direction was during the European Crisis in 2011. That has been it. Now it is becoming a lot more boring. How comfortable is President Trump still with the russian deal . He is desperately trying to move away from that and try to start a new policy agenda. Mark that is typical with the probes going on back home. Unfortunately, 80 of the story is out of his hands because we have these investigations and he is part of the investigations. He is being investigated by the National Security agency. The story is far away from complete, which will continue to make him uncomfortable. There are point is, many World Leaders who are uncomfortable with his administration. They are trying to make amends and the nice and friendly in front of the cameras, but the climate deal that fell through and the lack of support by the state, this is still an ongoing issue. Theres a lot of risk sentiment around that. Mark little progress on north korea, climate or trade. Up next, we hear exclusively from the chief executive of airfrance on the outfit of the industry. What he calls unfair advantages for the middle east carriers. This is bloomberg. Mark the chief executive of airfrance has lashed out at what he calls huge subsidies carriers receive from governments. He is pushing for rules of favor for what he calls fair competition. We are in the freedom business. Our goal is to carry goods. 1 3 of all they goods in the world in value. Course, we are in the business of carrying people from one continent to the other. So, we are in favor of having an open frontier. But it is also a strategic industry for many countries. There is regulated free competition. We are in favor. So, we are working hard to persuade our government and the European Commission to put together rules that allow us to work in these regulated environments and to fight against unfair competition. Reporter is this something you see for example, in the middle east with some of your rivals in the middle east region . More specifically in the gulf area, where we have three carriers, which are huge carriers. By 2020, you will have 800 planes in america, 1200 in 0 the gulfand 100 in area. These three are carriers able to deliver themselves. Fromhave direct subsidies their government. They are not really commercial operators. Theirre weapons of government. The competition with them is not fair. Government,g to our and to the European Commission, to put together rules that favor fair competition. Reporter but the crisis we are seeing in the region with Qatar Airways having to change flights to 19 flight destinations, is this something you see evolving in the gulf region . Will airfrance jump in to take some market share back . We needed to give up our business. This has nothing to do with what i was telling before. We dont want to take favor of the situation and force the consequence of the unfavorable situation with this. We hope it will come back to a more normal relation between the states of the gulf area and between allies of this country. Mark up next, as theresa may opponents to out to deliver a brexit deal. One hour and 26 minutes into the session. Yes, we see stocks rise today. Investors, looking at the earnings side of the equation, looking at the factors. The wage data was tepid. Yellen speaks this week. A big week, another one. This is bloomberg. Lets get the first word news. Son metd trumps elder with a russian woman who offered to provide intentionally damaging information on hillary clinton. The meeting took place in june of 2016 after his father had security of the denomination. The fbi and congressional committees are investigating russian interference and whether there was collusion between members of the Trump Campaign and russia. Says the white house is absolutely committed to getting its tax overhaul proposal through congress by the end of the year. He added the plan would not include a 40 tax rate for the richest americans after a report that trump advisors steve bannon had been pushing for the personal tax rate. Using 10 engines have tackled a huge blaze in north london. Emergency services were at the place. A month afterthan at least 80 people were killed in the tower inferno in west london. Gainss production price held in june. Consumer prices gained 1. 5 just below forecast. Demand remains robust in the regulatory moves. Analysts think controls are building and Building Construction could be on demand. Japanese Prime Minister shinzo abe has seen the Approval Rating for his cabinet slide to its lowest ever. It fell 31. 9 . Decemberowest since 2012. The biggest reason was a lack of trust in him as a person. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im nejra cehic, this is bloomberg. Mark Prime Minister theresa may, this week she will appeal to opponents to appeal a successful brexit. She will promise to show renewed courage and vigor and vigor after coming under fire from our own party. A survey by british chambers of commerce says companies here overwhelmingly oppose to brexit talks. Lets talk to Stephen Isaacs and luis costa. Reset relaunch her credibility within not just the conservative party, but the country itself . This reaction is more than telegraphed and expected. She is trying to sound inclusive given how weak it is in the brexit process. Effectively labor and corbin are becoming very effective forces in how negotiations will be delivered over the next many quarters. This is effectively showcasing how weak they are. Hardcore brexit part of the party. Mark reaching out to other parties with Cross Party Cooperation during this process is what many have been crying out for. Some might say she is doing it from a position of weakness, but isnt that what people want . They want inclusive talks. Stephen there is a bit of here. I give the Prime Minister credit here working something out. The partys pencil blitz for 40 years in europe. The party has been split for 40 years in europe. Where does Jeremy Corbyn stand . The labour party stood on everybody can have , that we would somehow stay out, we might control immigration. It was a very ambiguous position. We no going back a long time that he was part of the hard , the contingent that was against the eu. That is if you want to bring socialism to the country which means mass nationalization, you name it, you cant do that in the eu. There are a lot of rules stopping you from doing that. I think it is quite likely that corbin is very happy for us to be out because it can allow him to institute a very Aggressive Program and tactically, why not let the tories carry the can . Why not let them Carry Forward a hard brexit, subtly supporting those actions within the conservative party and then the economy will suffer, you going to the election and guess who is Prime Minister . Their two strands here. A couple of weeks ago there was a motion before the house for the u. K. To stay in the Single Market. 49 labor mps voted for it. They were all. Is a bit of a master tactician and theresa may is packing up just picking up on this. Mark can she last . Would be Prime Minister in 2018 despite losing her majority. Andrew mitchell says she is losing her authority. Clearly there is dissension in the ranks. Can she last another year . Luis i believe so. The party is massively split, but you can squeeze and try to squeeze a consensus out of it. They dont see a huge advantage in getting rid of her right away. I still think you have somebody there with negotiations. We are already behind schedule. It looks like we will have an extension deal. The markets have not woken up to that yet. I think you still have a little bit of a residual life. Mark the economy is waking up to it, look at the pmi data last week. It is coming in below expectations, it is still above 50. Its the reality of brex