fears about smart phone batteries causing considering a fires causing airliners to ban sh shh shipments of units. we're headed to jakarta later this hour. what is going on at this hour? here is david. >> things are looking a little bit better this time around. the hang seng index, that is what happened so far. flat. a fair amount of weakness. he shanghai up 1%. 4322. these two have -- which is why you see a regional benchmark. speaking of shanghai here. i want to point out shares of

wau media. getting the first chance to react. that is the reaction. janning. this use that multimedia -- bringing tv into china for netflix. that is a big untapped market for watching media. no agreement has been reached just yet. that is a story. 10 cents. up about 1/4 of 1%. there is a bidding battle for nokia. you have uber. baidu technologies. in the red corner, a swedish buying firm. let me end on shares of esprit.

when was the last time you bought a shirt from them? it has been a problem for the company. shares down 40%. they expect a substantial annual loss. back to you. rishaad: the aussie dollar sharply down after the latest minutes from the r&b meeting later this month. they think they still have room to ease if growth doesn't pick up. >> these minutes were what we thought directed, a two-prong situation. really based on the sense of the fact that the growth profile of australia is quite weak and the outlook remains so. the unemployment picture has come in the frame. one thing when we talk about the growth profile it is linked to the china story and the banks concerned with property questions in the chinese markets.

that's what we're seeing with these reserve bank moves today. very much a china-focused story. that is really interesting given so much what of what we speak about. strong property prices and domestic concerns. it is what we have seen overseas that has been driving it. especially in the case of australia's iron ore profifle. - profile. that's what we saw today with these moves. targeted with what is going on as far as external concerns. the easing -- we saw that reflected in the currency movements. rishaad: ok. we'll look at that story later

in the program. we want your opinion. rio tinto down despite news it eached a deal with mongolia. david joins us live from melbourne with a look at how significant this development is and given the share price on the way down, it proves it is better to travel than arrive sometimes. >> good morning, rish. rio has agreed to unlock this expansion of the mine in mongolia. that has been in a logjam for about two years. the muted response so far rio down about 1% in trading in australia in line with its peers like b.h.p. investors may want more detail on what this means.

there are still some hurdles for the expansion to go through. what they have said is it needs to agree to the project financing. there are still some other hurdles including permitting to go through. investors showing a little bit of caution. the history of this project has been trouble for the past two years. we have seen copper futures fall this morning on expectations of weaker demands from china and the u.s., the biggest consumers. we have seen a bit of a mixed picture on the outlook. it may be that the -- from euro this news today is -- is that expansion project really starts to move. rishaad: thanks for that. let's move to some of the other stories we're watching for you. >> thanks. as the threat of bankruptcy gross more acute, greece's

finance minister is confidence that an agreement will be signed within this week. they are very close to a deal that would unlock $ billion in loans. those loans sorely needed as greece's government coffers are empty. investors expect to know the way forward for greece when e.u. leaders gather later this week in ladd latvia. creditors are at odds over key eform. monday, the finance minister told greek tv he prefers defaulting on the i.m.f. rather than on pensions. you may soon find it more difficult to buy a new smart phone battery or replacement. that is because of an inincreasing number of cargo and -- because over the risk of fire. a cargo fire caused this united

par se sell service freighter to crash in the desert in dubai in 2010. it was a fiery crash indeed. it was carrying 81,000 lithium batteries. they ignited. an official report said the cockpit filled with smoke so thick the crew could not read the instrument panels. four of the world's top 10 cargo carriers will not carry shipments of bulk batteries. singapore airlines in that list as well. delta, american and united airlines banned them on all flights. attention, what's an users. you may remember facebook paid $22 billion for the messaging service last year. the c.e.o. said it is considering business to consumer chat functions.

this would allow marketers to pay to contact users via what's up a. what'sapp. they are still shy of the number of users mark zuckerberg says is necessary to make it a meaningful business. rishaad: the stock battle. we look that one up. bloomberg.com should be your destination. the central bank set to release its rate decision tuesday. we're headed to jakarta for the latest on the struggle to turn the economy around. coming up, the company behind the big sound of movies is expanding into china. we'll ask our next guest why -- increasingly mobile world.

rishaad: if you have ever been to the movies, you are bound to ecognize this sound. it was created by george lucas. the system has been on the screen for more than 30 years. it is roaring into asia now in the biggest movie market, china. r guest is an executive v.p. of international business development. thank you very much for joining us. what -- it is not just that sound is it? it is much more than that sound. >> yeah. there is a lot behind that

sound. notes. ucas -- the deep george lucas created it 31 years ago with the intention of delivering the truthful vision of the directors to the audiences. since then, they have been defining standards for highest quality of entertainment experience. rishaad: ok. it is not just in movies but other areas as well.

we start from the beginning of a project. let's say the cinema, for example. we're talking about like the whole integration of the room itself and the design. we are providing expert's in terms of the environment. we provide expertise in terms of rishaad: your own equipment knowing you. >> equipment that we certify. rishaad: how long does this process take? >> several months to one year. it depends on the construction period and the size of the

project. to go back to the equipment.

not so much with the audience. rishaad: why do you think -- your strategic partners. the big china film group. why? >> growth is a very interesting partner for t.h.x. from a starting standpoint, they cover a lot of industries. they cover studios and content creation.

than in the same period last year. police say as many as 170 people face charges over the fatal biker shootout in waco. all of those arrested after the battle are said to be members of motorcycle gangs. police say capital charges are expected. five rival gangs were at the

twin peaks restaurant. nine people were killed. there are reports that police have received threat interests arious biker groups. gained over witter 1 million followers with just one tweet.

rishaad: apple has won a partial victory over samsung. the court overturned one ruling. let's get to the nuts and bolt s of this. edwin, what was this ruling about? >> this ruling was mostly about design. you know, the look and feel of the iphone which is of course a strong point of pride in cooper teeno. -- coopertino. r apple's contention is that it was the copying that allowed the galaxy to be so successful around the world. rishaad: what is the significance of that case here particularly? >> i think if you get down to

the nuts and bolts, this partial victory gives apple leverage and a remaining dispute. rishaad: these have been dropped, haven't they? >> that's right. most of the cases have been dropped. i think the broader significance here is that actually to be frank the tech industry is oving on from this litigation. android's foremost champion at the assignment, samsung. samsung is no longer eating apple's lunch in certain markets. i think apple has responded strongly to samsung's encouragement so to speak. i think the battle is shifting. rishaad: i was going to say anything in software specially?

>> the industry thinks the next battlefield is in software and ervices. they are finally giving me an account. we're curious whether he did this on his own or had to borrow

somebody's blackberry. it wasn't too much longer that bill clinton got in on the action. does the user name stay with the office? asking for a friend. i like that one. it is good, right? >> we'll see if hillary takes that handle there. i'm looking at shelby today. they are coming to america. they have officially come to america. they just launched their online store. it says me.com is here. the buying guide. so far i took a look and in stock. seems to be they have everything but the phone. you're talking about the knee pads, headphones and battery charges.

they took the right step at the right them. -- time. they said they are not planning to bring smart phones to the u.s. market yet. >> seems like there is a lot of demand. hugely popular in china. rishaad: up next, keeping it healthy on the menus. in cities with limited space and costly land, can they keep up with the farm to table revolution? after the break, the growing business of, well, growing.

[beeping] ooo come on everybody, i think this is my grandson. [lip syncing] ♪little girl you look so lonesome oh my goodness. ♪i see you are feeling blue ♪come on over to my place

♪hey girl ♪we're having a party happy birthday, grandma! ♪we'll be swinging ♪dancing and singing ♪baby come on over tonight rishaad: our top stories. australia's bank said it still as time to ease. they see weakness in the chinese property market as a significant risk to commodity demand. rio tinto and monogoalia have finally signed an agreement about the copper mine.

it has been -- for months over taxes and cost runs. an increasing number of airlines refuse to carry lithium batteries because of the risk of fire. a plane was carrying them when it crashed outside of dubai in 010. let's have a look at what is going on. we have that lunchtime break in tokyo. >> 200036. he nikkei 225. about 20,000 now. the key level to watch here is this. i think this is april 23. the 7 1/2-year high.

it is a good day. that said, topix index. futures now up .8%. now these next few boards will trade. ps a recommended ank of america, merrill lynch. these 400 stocks, at least the competition, the big 400. the only profitable companies can be part of that. based on the latest earnings results that have come out, is that some stocks will be taken out of the index and some like these over here will likely be added. august 5 is when those changes

will be announced. you'll hold on to these stocks likely to be added and go short those likely to be taken out. these are the three that may get included. on the opposite side, of course you have to take some out. you have to keep 400 stocks obviously. some of these names that bank of america thinks will likely be cut or dropped from the index. he electronics retailer. sankyo. nippon electric glass. fifth business day of april. that is when changes will occur. we'll leave it there. back to you. rishaad: the aussie dollar taking a dive after that r&b meeting minutes. they showed that the bank thinks it still has room to ease if

growth doesn't pick up. the r&b didn't give any guidance when it cut rates two week ago. hat have we learned today? >> it is still not completely clear. they said it was a delibbed deliberate decision not to provide guidance. the deputy si governor said nothing has changed. today, the board maintains or retains the options to adjust according to the circumstances. it is not quite an easing bias but it is not -- as well. rishaad: ok. i guess we have to look at the economic trends and the key ones. which will keep the central bank on this easing buyers if that xists.

michael, can you hear me? >> i can now, yes. rishaad: what are the key economic trends that keep the central bank there on this easing bias? >> the main one is that fostering business investment outside of the mining industry. i think as everyone knows, the investment resources in australia is falling off very quickly. and the central banks -- stimulate other parts of the economy to make up for that. there is very little sign that is gaining attraction in the economy. the second one to watch is china, australia's biggest trading partner and the property market there this ch has been the source of demand for iron core and coal and other commodities. there is big concern about the slowdown there and how that may play out in the commodity

market. rishaad: all right. a look at a ke rate decision elsewhere. it is rate decision day in indonesia. investors closely watching how he central bank there tack the weakest economic growth in five years. what are we looking at? >> good morning to you. a majority of economists surveyed by bloomberg expect them to hold at 7.5%. some are expecting a cut on the rate. there has been a clash between the government as to where interest rates should go. they want to economy to expand to 7%. g.d.p. growth slowed from a year earlier. bank indonesia has pledged to --

and balancing governments to -- an account deficit and prop up he rupiah. it is worst performing currency in asia this year. the rupiah would likely see a selloff. -- sts -- suck coming succoming to pressure. the economists expect -- the economy is expected to improve nce the people start spending. s of april this year, only 539 million u.s. dollars have been expended to capital expenditure.

back to you. rishaad: thank you very much. let's move to some of the other stories we're following. sources in beijing want loan approvals to be made more quickly and is considering giving senior staff more power. they have been criticized for having too many conditions and ayers of trorgs. a complaint was filed by parent company for gucci and other luxury brands. alibaba shares have fallen by 16% so far this year.

amid allegations that it encourages and profits from count fit goods. google will face several interested parties for a service estimated to be worth $4 billion. nokia's mapping operations providing dad to several navigation systems. down lope the bloomberg plus app to your mobile or tablet. we're going to take a break. on the other side of that, one company says it may struggle. we have more on this overcast outlook when trending business returns.

>> secretary of state john kerry has piled more deputy mattick pressure on north carolina. he said the north had rejected all efforts to arrange talks on its nuclear program. he said he is determined to convince kim jong un that his ountry is more -- than ever. a five-day humanitarian truce ended after talks boycotted by the rebels offered little hope of ever ending the conflict.

the u.n. says about 1,500 people have died in the bombings. most of them civilians. the u.s. aircraft carrier george washington has left japan after seven years stationed there south of tokyo. it will be replaced by a slightly newer carrier later this year. the military would not confirm whether any would be in the contested waters of the south china sea. shaad: chinese solar panel maker at two-month lows. talking about lean mean energy down in new york. they have been posting losses for almost four years and may not be able to meet upcoming pames. let's shine some light on this. joining us now is an analyst at

bloomberg new energy finance. utilities -- can this company stay afloat? that is the thing here. >> their financial situation is very weak at this moment. the company is taking action and changing strategy and focusing on the market where the average selling price can be high. rishaad: in four years as we have been looking at? >> no, it was not losing all the time. rishaad: not all the time. >> yeah, there was good moments . the strategy it took was dragging the company financial situation down. is now taking actions but today's activities are not enough to drive the situation back. but the possibility is there. the government may take some action. rishaad: absolutely. joseph, let's look at this.

what does this mean for the solar industry in china and green energy there as well? what does it tell us about current levels of demand too? >> i think it is just a footnote. china's ambitions for green energy have been very, very evident. all of the targets, most of the targets, they ripped through them. now china is looking at 200 giga watts. rishaad: this is the target here? >> we're looking at 200. now we're at 100. don't forget 2005 was fundamentally zero. for solar. that is going to basically triple from current levels. we didn't put in gas and gas again is doubling from current levels. china is putting a lot of -- rishaad: coal, we want to assume where the squeeze is taking place? >> correct. coal is still growing because of

china's energy needs. roughly the same size as the u.s. the population is not. they are going to need a lot more energy over the next 10-20 years. coal will still have a place but the place for coal is smaller and smaller. rishaad: what is a gigawatt? it is solid, is it not? this is a serious government policy that focuses on green technology. >> actually 100 gigawatts for solar is the old target. the government would like to adjust it up to 120 or 130 give gig watts. the thing for solar, is the learning rate is very high. 24%. which means one of the -- when

the installation doubles, the costs can be cut by 24%. that indicates a greater potential for solar. rishaad: absolutely. as these panels become more and more efficient as well. >> cheaper. rishaad: thanks a lot, guys for that. bringing look at india online. we're headed to mumbai. don't go away. ♪

rishaad: it is confirmed that hina's -- china has held talks about netflix. they have not reached solid

agreements. a local partnership will be ssential for them. after a two-year impasse, rio tinto signed an agreement with mongolia to proceed with its expansion of the copper mine. the company said the shareholder issue has been addressed. they had previously stalled over taxes and cost overruns. the maker of grand theft auto, a video game, topped estimates by 75% last quarter. there is a strong demand for the atest edition. digital download s is also helping earnings. now the start of trading in

india. about 15 minutes to go before the session there gets started. 55 minutes. india may spend billions of dollars to get its poorest people online. they are considering doubling the budget as they try to connect villaged all across the country. let's head over to mumbai. >> morning. one of the first things they did since taking office was push with a $16 billion initiative to bring the 1.1 billion indians ho remain offline. the government is pushing to double the spending on a high speed internet grid to connect villages across the country at about $11 billion. they are looking into the changes needed to digitize

india. the involvement of the private sector although at this point we don't have any names yet as to ho could really participate. a deadline to connect villages and states was running way behind schedule. for example, by the end of march 20 15, only 20,000 villages had gone broad band connectivity. speaking in fact of digital -- just a quick mention, a study u.s.,hed yesterday in the said his visibility is only second to president obama.

back to you, rish. rishaad: thank you. another news out there. awaiting a ruling on the case that could have a final settlement. >> this will be the end of the fight over mobile phones cha began under steve jobs who claimed that the south korean copied his design. he said samsung used pat epted design and two features of the apple iphone and other models of its devices. it is as much about function as beauty and is not eligible for

coverage. under the u.s. trademark law, that could take some from the original judgment. the on the other hand this big fight is near. if the parties can't to call a cease-fire, they can knock out some negotiation here. while the breakdown in damages is base ond an interpretation over the jury award, the jury again may have not fully been able to assess the actual amount owed from the verdict. that means the judge will have to hold a hearing to determine just how much samsung must pay. the case involving apple continues to go through the court system. it is a case that would pretty much determine whether apple should be allowed to force samsung to remove certain features from the galaxy phones. rishaad: let's take a look at what is trending out there today. let's get a reminder. >> many trending topics. we'll begin with the iron ore

sector and copper and gold. you may be familiar with this story after two years of bitter negotiation and billions of dollars on the line. this major mining project in mongolia set to move forward. rio tinto and mongolia settling that dispute. this is a bitter dispute. if disagreement makes way for work to resume on the project, it seems key to mongolia's economy and their social media reaction to it as well, especially in mongolia. from the c.e.o. to the companies involved. because billions of dollars are at stake here. let's check on what the copper c.e.o. of rio tinto is saying. he said today's announcement paves the way for work to resume on the underground quoment development and that is something both sides are welcoming.

he makes the important point this is important for the long-term future of mongolia. we'll continue to watch that one. billions of dollars already invested in that project. turning now to chinese tech giant xiaomi. it is selling accessories. not smart phones and they are not on sale yet. you'll find a range of headphones and a fitness tracker. when are you going to start selling the phones is what one twitter enthusiast said. i really need a new one. president obama has his own twitter account and he is tweeting himself. the white house said it allows him to directly engage with the american public.

potus. le is at rishaad: angie and i will recap the big stories of the day so far. ♪

>> hello from smitty's in des moines, iowa. home of the best tenderloin sandwich. we are at a place where politics and pork collide. republican presidential hopefuls spoke over the weekend at a party confab. they are in the state today and hillary clinton is on the road in mason city, making the case. just a few moments ago, for her experience. >> we are living in an incredibly complicated time