remainsiling, inflation the top priority. when, not if, we get lower rates. you can get today's top stories by following me on twitter. creeping out across most asian markets ahead of those payroll numbers. china remains closed today. we ever look morning's action thus far. juliette: it is pretty flat on the regional benchmark index today. it looks like we could have a seventh weekly loss. down by almost 4% we are seeing more selling coming through into korea, and japan's nikkei also in negative territory. that startedarkets

trading in the last hour like malaysia and singapore are down by .2%. it is encouraging we are seeing some gains in the hang seng. the market has opened higher after that holiday. we are still seeing the china market closed until monday. some gains in commodity prices in australia. up by .6%. some bright spots there, new zealand still coming under selling pressure. let's say what is driving the overall region, we're still seeing some financial stocks down by .2%. goods coming under selling pressure. you have seen the japanese shipbuilders also coming under pressure. because they had

that picked up coming through. at this stage, we are seeing that retreats continue across asian stocks. draghi: with the mario because they turned down their expectations. they're pledging to do more as the fragile european union recovery continues. that the glow soon faded, david having a look at the ecb's strategy. david: six months and and we are already getting some revisions. not surprising given the developments over the last two weeks. all the way down started with that. when you look at these numbers, that is the forecast they came up with overnight. the remaining risks -- there are still risks. inflation,lk about

these are the revised projections. in 2016 you can see all the way to 2017. between 2016 and the end of this year it is a fairly big one as you can see on your screen. that shows you what the thinking is. now, they also increased the 33% fromre limit up to 25%. eligible fornds that program. whether or not they do by up to that ceiling will be determined on a case-by-case basis. they want to avoid having a block minority. now, the message is more important. raise then, and will,

program a notch or two if and when needed. in terms of size, or duration, it also signals there is rest opposition within the ecb itself on bond purchases especially from germany. before i go, let me leave you 17, weis -- september all know that date is very important. we may see a rate hike from the fed then. just looking at how u.s. futures traders have been positioning themselves. is the the thinking now same headwind that prompted the ecb to revise the way it looks at the world papers the fed to hold off at least for this month. 19,from over half on august

38% at the end of last month and now we are near 30%. rishaad: we will have a more detailed look at that story later on in the program. amid the market turmoil, shares tumbled to 16% in new york. let's have a look at the more than $2 billion margin loan they are set to be seeking. we are asking what does this actually mean for your average alibaba investor? >> if you believe what they're saying they are looking out for their average investor. on septemberpires

21. according to people familiar with the situation, bloomberg reporting that they will take out a $2 billion margin loan. that loan pledged to the companies stock. this is one way that executives, particularly those that have founded a company are able to diversify their wealth. to that extent, they set up a family office here in hong kong. we understand that family office will be used to invest the wealth that was generated from ipo whichillion happened about a year ago. they are seeking an additional 2 billion here. update21st that locked for investors to be watching. a vote ofen as confidence in the country because they will be pledging this loan against the shares of the company.

perhaps prevent violent swings as investors see rampant of buying or selling by key executives. something we want to watch very closely, but amid these volatile by thesethe latest billionaires to diversify their wealth and protect the interest of shareholders. theaba finished higehr in new york session. given the overall volatility in respect to china, and ongoing question on the strength of its business model, it is looking to diverse if what does business across china. with look at some and that has had an awful two years. roundup.nn with a anne: the hits keep coming for htc. ,hey plummeted 53% on the year

some disappointing figures, amid rising pressures from apple. the mid-rage handset would give them a lift. let's take a look at the shares they opened up. they are currently up over 2.5%. 67%, thed around height of popularity in 2011 htc the u.s. of apple in market. but now it is struggling to reverse unsuccessful project launches. with risingdealing inventories. says the 747 has dropped to zero.

boeing was already preparing to cut production to one play in a month because of china slowdown. has two nippon cargo more on order. visit the company still remains an important customer. 2010 slashs on the chargesat detailed new against the british daytrader. they had to build trading software. the new information helps understand how the 36-year-old trader could then withdraw

before there were executed. less than $1 trillion was wiped off the u.s. markets on may 6 2010. we're keeping an eye on that. rishaad: another story on bloomberg business it is why jaguar is about to get cheaper. coming up later, the bank of chairman has been in office for two years. his battle to get rising prices under control. houthi is positioning his portfolio during the tremendously volatile times. ♪

e.g. 20 summit may be

overshadowed in turkey. going to be raised that they could fall short of expectations. it is a tough time to be a policymaker in emerging markets. process of heartbreak in the night's states coupled with the slowdown in the chinese economy and the prospect of further devaluing of that country's currency. they were once the engines of global growth. investors have soured on them. stocks have fallen close to 20% and you can tell that when you look at the global index. both finance ministers and the central bankers will be gathering in turkey, a country that knows all too well what those problems can cause in addition to the political instability the turkey is going through itself. they will go through bunch of problems of like

migrants coming into europe from the middle east and many other issues. we will have it all for you. ok, we have the founding partner and chief investment officer with us now. let's have a look at what is happening, the of scene is emerging-market rout are we done? i think we will see more volatility in the coming months. snap elections, is another uncertainty. china is probably the centerpiece. i think these uncertainties will haunt markets. rishaad: the fed, what about this? latere a report of it out

. what we looking at here? least close to a 21,000 increase. think yellen will make the first-rate type in september. chance for the 75% chance of a rated september. rishaad: let's just also have a look at the impact of that. what do we talking about? commodities, does that continue here? what happens with dollar strength? i think history proves otherwise. u: if you look at a previous scenario, when the fed raises rates, this time i think the

economies are struggling. if you look at emerging markets particularly weakening, i think this time if we started raising i think thees dollar would appreciate a more. think about the ecb, mario draghi just open the door for extension of qe. only the u.s. can afford to have a rate hike. sit nexthow does that to what is going on in china? do we know what is going on in china, i'm talking about in the real economy? pu: we speak to a few of our clients on the ground and the good indicators that suggest that -- if you look at the manufacturing space, even the official status -- having said that, i wouldn't imagine china

but have high lending or a suddenly collapse into recession. i would expect maybe in the coming months to show a little bit of stabilization. july, august, the sales numbers are picking up a little bit. the consumption numbers are also picking up a little bit. i guess the government will launch more fiscal spending on the infrastructure. rishaad: the people's bank of china does have a lot of policy instruments to use don't they? they have some. they certainly can cut interest rates more. at the moment, i think the pboc is behind the curve in my view. it, whenthat is just you look at the market, you see massive run-up that we had last year. ever since then it has been down.

pu: i don't think the chinese -asian market is settling down just yet. find a clear price if you prevent people to sell or have a lot of restrictions on that. thateople are afraid investors are pulling out. you have to build the confidence rather than going which hunting. the people make may some mistakes, i think government, yes, this is the right issue. people are abusing markets, but at the same time increase transparency will allow you to tell what should be the right price. rishaad: last question, what would come up most from the clients you have at the moment. these are the uber rich kinds.

they think this will be a repeat of the financial crisis. if you look at the magnitude of the following of the stock and it is almost repeating what happened in 2008. naturally, people are asking if it is another financial crisis. at least the global wise, we don't see it. there is no actual bubble, equity prices aren't overly stretched. i don't think a mature market would have a financial crisis. but some emerging markets, russia, brazil, malaysia, we might see some financial crisis. rishaad: thank you very much indeed for joining us today. >> report from bangkok say an

arrest has been made from last month's shrine bombing. being questioned at an army base in the capital. police say he has admitted to demiseear the shrine but -- denies planting the bomb. the father of a three-year-old syrian boy whose drowning cost an international outcry describe the moment the boat capsized. as of the overloaded vessel turned over moment after the captain abandoned ship. he was traveling with his wife and two young sons, all three drowned. risk in malaysia, searching after a boat capsized up the western coast. initial reports say at least 14

people died. they said the boat was thought to have been taking the migrants back home to indonesia and was likely to have been overloaded. up next, potentially a winning hand. we see by south korea may be the next biggest gambling destination. ♪

rishaad: south korea is set to overtake macau as asia's top gambling spot. tim is with me now, what is the korean proposition? how does it differ from the singaporean? tim: there are a couple of things that make this interesting. this is towards 2017, 2018 as the structure and development to grows. right now, you have three participants in the market. one has a local only casino, you can see this on the revenue chart, it is a big business. the other two, paradise and

grand korea leisure have foreign only casinos and a more on the traditional structure stop there is also a regulatory difference. you have the minister of culture, sport, and recreation actively involved in owning a bit of both of these as well as taking tax revenues and spending for infrastructure and development. macaud: now, how big is in relation to singapore in the korean markets? macau, we have seen the suffering they have taken, surely korea must be suffering as well? tim: yes. if you look at the korean , it is tiny compared

to macau. but if you look at growth, it is an interesting issue. with both paradise and gkl they are down and not for the same reasons. these are foreign only casinos. it is just now coming back. is stillng, the local going. they are still traveling. very interesting. rishaad: thank you very much indeed. but take a break and stop on the other side of it, the elephant in the room. 747 production hitting zero.

♪ rishaad: asian stocks in general retreat. investors and head of u.s.'s crucial job report. meanwhile, the ecb announcing a revamped qe. mario draghi saying the bank will increase it to bond buying

program. he added that risks to both remain -- china, refugees, and emerging markets will dominate turkey. talks in in a statement, the group's monetary policy is tightening. let's have more on a crucial jobs report out there today. the last main data points before we see the policy meeting later this month. > ebola ron washington will be shutting down for the holiday weekend, but at least one piece of news will grab everyone's attention -- the august payrolls report. it will mark the last piece of economic news before the september economic policy meeting. it is considered pivotal as the fed weighs whether or not to

raise interest rates. above 211s that the thousand jobs gained each month this year. the number is considered increasingly important. in the u.s. that have been a series of positive economic reports in recent weeks. been, global markets have roiled in uncertainty over china's economy. the payroll survey cover the week before stocks plunged so that is expected to be little effect the recent turmoil. orll, a big positive number a notable increase in wage growth has the potential to play a role in the decisions made at the federal reserve in just two weeks. investors of course

were nervously and anxiously awaiting that jobs number. here is a look at how asian markets are holding. picture, not a great investors are looking to the u.s. or direction stop that anxiousness is weaker than what analysts are predicting and we could see more concern about the overall economy and the overall health of the global economy. solid day butetty it is now down 1.1% heading into the lunch break. south korea down by .9%. the little bit of a pickup in australia. we have seen a pickup in commodity prices which is helping that overall region. here in hong kong coming back after the public holiday the hang seng up by .4%. region, thein the

top three performers on the regional benchmark index are all hong kong stocks. china is coming back from a public holiday. the pharmaceutical stocks are looking good. these are three of the biggest drags on the index. it is down by almost 5%, and japan airport is down. we are on track for more losses in the asian region. the regional benchmarkis heading for its seventh straight loss. that will be its longest losing streak since june 2011. the lowest weekly close since december 2012. it hasn't been a great week for investors there. rishaad: let's have a look at

some other stories, italy's biggest bank may be cutting another 10,000 jobs. the latest cuts take the total to more than 15,000 over four bank and a sign that the needs to find more ways to boost its bottom line. it may not happen before next spring. the contract is thought to be around $170 billion and would make china the world's biggest consumer of russian energy. one of russia's largest oil projects could receive funding from an indian company. it will have two directors on the board. the deal still need regulatory approval.

a big push expected into the future later on. we got a statement saying that are concerned about increased intelligence. andinto boost innovation mobility. boeing says net orders the 747 jumbo have fallen to zero. this after the nippon cargo airlines dumped in order for four freighters. david, this has huge ramifications. david: absolutely. potential the we are seeing the start of the end of an era. i went to boeing's audiobook and it was never been a year when boeing had no net orders for 747's.

we could be heading in that direction. but your mind back to 1966, the first order was by pan am, an airline that is not existed for decades. this plane is now approaching its own 50th anniversary. people memolot of -- remember in 2003 when the concord was retired. we've seen this plane synonymous with international aviation ever since it was unveiled. we are talking with the cargo version, the passenger --sion has been to double pitiful. they are having trouble flogging that one as well. david: on one side, i was looking to boeings autobook

hade 2007 boeing barely more orders for 747 than in the year 2006 alone. this fits into a certain interesting dialogue between these two giant playmakers -- plane makers. richerargues as they get they want to fly more frequently , fuel will get more expensive and they will want to fight -- fly the 787 rather than the a38 0. boeing has been arguing and investing in smaller planes and airbus has been investing in bigger ones. thanks for that.

some tech headlines to brighten up this friday we of a fresh report from berlin. cookies, that makes here we go. >> we have been here in berlin for a couple of days getting a preview of the show has to offer before it officially opens. there are a number of interesting tech trends emerging. the first is the continuing trend of four k being what everyone in tv cares about. normally we see this in large television sets. this year, we are seeing it in phones especially one from sony. it has all the clarity and screen resolution of a television 100 inches larger. the only thing we are seeing is continuing development of 3-d printing. this is something we are used to

seeing in more traditional settings. seeing it used to print food. this is something i saw when it was being demonstrated. it is very interesting puzzle the third thing with all its interesting is that smart watches aren't going anywhere. everyone wants to be making us worked watch -- smart watch. it does seem to be the case that people are getting used to the idea wearing things on their wrist. it is something we see continuing. next, grinding to a halt. find out what indonesia is trying to build a high-speed train. ♪

zeb: both china and russia will be working together to build these in the region. president putin is there and remains confident and elect to extend bilateral cooperation. for greatered mutual investment. investigators and paris say the piece found definitely came from the malaysian airlines plane. it is still not knowing what happened to the plane.

it disappeared almost 18 months ago. an's supreme leader says the will notnuclear deal go ahead until sanctions are fully lifted. he also said lawmakers will approve or reject the deal. the political leader says it will have a parliamentary vote. the president exists there is an understanding. they decided to strip a $6 billion high-speed train project the government saying they are now moving to a slower link. what happens now? why did this happen now? chris: we set out last night with a minister who ordinates transportation policy with the

government. he said the government basically changed its mind. it had last year or so been aggressively courting japan and china to build a high-speed railway link. adapted thinking about it, they determined it was no longer commercially viable. a high-speed train would of done the trip and 30 minutes. of course, your traffic, so it takes you an hour and a half to travel four kilometers. people have been saying it is a vanity project. china and japan have been asked to come up with a new proposal for a slightly slower train which would be able to stop at various stations along the way to make it easier for developers to make money. rishaad: right, the government is running out a citizens initiative to restore investor confidence which is been taking

a pounding. what is the plan and what are people suggesting about it working? chris: infrastructure is a big flank of the administrations plans to revive the economy. in this context, publicly chanted their mind on a major project is perhaps sending the wrong signal. about indonesia being a beautiful girl now being courted by two suitors. isre still thinking that it good and indonesia can get a better deal. infrastructure is just one thing, the economy is slowing, the market is in turmoil. some details of what the government is doing, promising to extend the tax holidays and is threatening to remove more than 150 regulations which are nothing up new business developments. he also talked about the new

economic ministers stimulus package, the question is where will they get the money from. it is really a question of finding new ways to spend the money. if they can somehow to the bureaucracy to work than this private consumption in the second half of the year. the moment gdp is currently slumping with a country of 2.50 million people, that is not enough to change people's lives. rishaad: we are also counting down to the start of the session over in india. we of the reserve bank of india marking two years on the job. his to do list looks pretty similar from 2013, inflation is the priority. fees, let's find a what that is all about.

we would get to that in just a bit. it hit its lowest level, and being credited for predicting the global financial crisis of 2008. he took charge of the central bank. we set some policies being announced by him, the biggest challenge for the governor has been consumer price inflation. he has managed to get that largely intact. however, the monsoon deficiency is getting worse. the official print showing a 12% efficiency since june -- deficiency sense of june. it imported nearly three fourths of its crude oil, any rebounded

because for concern. the other challenge has been the rising threat of nonperforming assets. some have been a decade highs. the governor unleashing a measure to try to rein that in. regulations.ugher to create any desired results. it is increasing over the past two years. he has, however, introduce reforms across the banking space . there are several more what are -- it is been a very mixed picture is far as this the past two years. as far as india's onions are concerned, this is a staple of most diets. prices have spiked three times in the last few weeks. several onion traders have been robbed in the past few weeks. the government has had to step

in and import several hundred tons to try to bring down the price. rishaad: thank you very much. now like the famous galaxy, the wars" movie is far far away but the toys are still here. "trending business" we turned right after this. ♪

rishaad: "trending business this is the new star wars movie doesn't hit until september but toys can already be bought. the very first film back in 1977 he has made every version of the millennium falcon including the new one in episode seven.

>> i have been a driver, a storm endorr, i have been an rubble. -- rebel. sometimes we are able to actually put our faces on star wars characters. i am a toy designer. i love toys, it is more than just a job. i am probably best known for working on star wars. i started back in 1977. you have this film that for $50y passed on, and a handshake that the star wars license. i gravitated towards the vehicles. the temperament

and patience to do the vehicle development. my first major project was the millennium falcon. i am designing the new vehicle for episode seven. we have a basic read of the script. because we haven't seen the film yet, and don't know all the little quirks, we went for a lot of what we called off camera features. they don't really exist in the film. -- that are it -- that turrett popping up doesn't happen. embody all of the fantasy that kids love to engage in. thick amount of the film, the toys then allow the kids to bring that fantasy to life everyday.

rishaad: i wonder when he is going to grow up. let's see the buzz around the star wars toys. a look at the social media implications. >> what a great job he has. there is huge demand ahead of the december release of this new movie. check out some of the scenes we have been seeing in australia, as well as new zealand, the new bb8 droid. it is finally making its way to the americas. they are calling this the essenceated r2d2, its playing out in this new droid. some activities are saying that will be the new bff droid. it is just a lot of fun apparently.

the technology is very very cool. this is leading up to the december release of the newest "star wars" movie. let's look it was some of the other twitter followers are saying. spiro is the company that created this is a startup. people taking into the office to harass their coworkers. we hope we can get our hands on one at "trending business." rishaad: thank you for that. that is it for this week's "trending business." stay tuned as sherry will join me -- shery will join me.

the book is about china and the uncertainty around the fed. discuss all that with a legendary investor. this is bloomberg. ♪

stephanie: good evening. i'm stephanie ruhle. john: i'm john heilemann. with all due respect to those who were hoping kanye west would be the one to take out donald trump, apparently not going to happen. stephanie: not today. mr. trump: kanye west, i will never say bad about him. you know why? because he loves trump! ♪ john: do you like heilemann? stephanie: the h? john: happy bowling league day, sports fans. on our show tonight, the religious liberty rollcall and scott walker's national anthem, but first, donald trump's pledge of allegiance.