The World Cup of Politics, and Football, continues this week. Who will survive?
The German Government avoided collapse overnight as Angela Merkel agreed to new measures to tighten its border controls in a turnaround to appease a conservative minority of her governing coalition. We appear to be well into the last chapter of the Merkel era.
The eyes of Europe now turn back to Theresa May in the UK. Her “Brexit Moment of Truth” is coming at the “Body Bag Summit” this Friday at Chequers, the PM’s official country residence, as UK business leaders say they are at the breaking point. Several conservative cabinet members are threatening to bring down the Tory government if May compromises on leaving the EU. Will she survive this elimination round?
And a second (and even more closely watched) elimination challenge comes for England as they play a talented Colombian squad in Moscow this evening in the World Cup. Pubs will be packed in London well before the 7pm kick-off with England fans watching shoulder to shoulder with the ABEs (Anybody-but-England) and Colombia fans quenching thirst and nerves. A win by England would put them through to the quarter finals for the first time in 12 years, when Tony Blair was Prime Minister.
Most Read on the Bloomberg Terminal (Last 8 Hours):
U.S. Seeks to Block China Mobile’s Entry, Escalating Tension (Bloomberg)
China Set for Record Defaults, and Downgrades Tip More Pain (Bloomberg)
Trump Warns NATO Allies to Spend More on Defense, Or Else (New York Times)
Day One of Wimbledon and… Roger Federer Leaves Nike for Uniqlo in Blockbuster Deal (Bloomberg)
Headlines from around the world.
Los Angeles Times: Healthcare groups want California voters to tax soda (Hat tip: Mike Allen/Axios)
NL Times: Prime Minister Mark Rutte Interrupts Trump on EU Trade Deal
China Daily: Analysts: Shift seen in central bank policy stance
Japan Times: Women’s university in Tokyo to accept transgender students
South China Morning Post: 12 missing boys and soccer coach found alive after nine days trapped in Thai cave
Must See Fireworks.
For the second year in a row, Bloomberg will air a live broadcast of the 2018 Boston Pops Fireworks Spectacular, one of America’s largest and oldest public 4th of July events. A live broadcast will be available on Bloomberg TV, Bloomberg Radio, TicToc, Bloomberg.com and Bloomberg’s mobile properties along with WHDH-TV, globe.com and boston.com.
Watch the Medford, Massachusetts-born Mike Bloomberg talk about why Bloomberg is supporting it in this video.
The Sheekey Daily will return on Thursday, July 5. U.S. markets are closed tomorrow for U.S. Independence Day.