data clouds the fed's decision on interest rates. hillary clinton pays a visit to puerto rico. we will look at why her visit to the island may help her defeat whoever is the republican nominee. >> it is go time for daily fantasy sports companies like draftkings. we will speak to the c.e.o. about the company and its plans for global expansion. betty: good afternoon. i am beverly loot -- betty liu. >> i am olivia sterns. stocks are still in the red, close to session lows. we are down 300 points on the dow. betty: with the holidays coming up, volume is thinning out. olivia: volume is thinning out. the market in mainland china still closed. normally, that is the trigger for a triple digit day on the

doubt. now we are seeing european and u.s. markets lower. let's look at commodities are here is what is happening to oil and gold. across the board. with texas trading at $46 a barrel in gold at 1126 per ounce. betty: we are on pace for a second weekly gain in oil, the barely. we will see how the trade continues going into the close of the session. investors ares, behaving like they did before the devaluation in china. the shorter end of the yield curve continuing to go up, but the rate on the longer and -- the rates on the longer and are trending down. lower on the back of the move by the e.c.b. to revamp part of its bond buying program.

however, the dollar continues to strengthen. all of that in line with what we have seen in the economic data. let's get to some of the top stories crossing the bloomberg terminal at this moment. the unemployment rate falling to the lowest level in more than seven years. the august jobless rate dropped .2% to 5.1%. that is the level the federal reserve considers full employment. employers added fewer jobs than expected but revised numbers show the economy added more jobs than first reported in june and july. the richmond fed president jeffrey lacker says it is time for the fed to end the air of zero interest rates. in a speech today, he said the labor market has improved and short-term inflation is near the fed's target. >> i am not arguing this economy is perfect by any means. but nor is it on the ropes requiring the stimulus of monetary policy rates to get back into the ring.

it is time to align our monetary policy would be significant economic progress we have seen. cker is a voting member. he did not say whether he favors raising rates at the meeting that is two weeks away. olivia: they are considering cutting one quarter of the senior banking positions. bloomberg news says it is part of a plan to reverse a two-year profit slide. the british land or has just cut about 4000 jobs this year and last month said it is on track to cut costs by more than $400 million by the end of 2015. shares have fallen by 26%, trailing hsbc, one of their big rivals. hsbc shares down 19% year to date. kraft heinz is expanding a cheese.y recall of strip ofn, a thin

packaging could remain stuck to the product and possibly cause choking if not removed. kraft heinz says 335 cases were affected by the problem, 10 times as many as they first thought. nissan says it is recalling almost 300,000 vehicles. the reason, a console panel could catch the right edge of a driver's shoe and slow breaking speed. nissan says it will notify owners and modify for free. the automaker says it has received the report of an accident involving injury, but no deaths have been tied to the issue. we will not know about the new c.e.o. until after labor day. there is speculation in new chief -- a new chief could be named as early as today. is already c.e.o. at square, on the verge of an ipo. cable infallibility does not extend to eyesight. when pope francis needed a new

set of spectacles, he went shopping in downtown rome for a new pair. just like us, the papal shopping excursion stunned and delighted onlookers. new lenses, no new frames. olivia: he is frugal. that is why he got the name francis. betty: those are your top stories. olivia: coming up in the next hour, hillary clinton is in puerto rico today speaking out on the controversy. we will hear what she has to say coming up. betty: daily fantasy sports betting is becoming increasingly popular around the world. we will hear from the c.e.o. of draftkings about their big expansion plan. markets have been so volatile the past be weeks that even pros taking their eyes of the screens for even one moment. >> there is a speculative fervor in the markets and a lack of liquidity. you cannot leave for the bathroom and come back without the market having moved by 1%

up-and-down. markets me, indicates are not stable or steady. they may not be overpriced necessarily, but they are volatile. volatility itself is something they want to zero in on. olivia: that there are still bulls. some are sticking to their guns. steve, great to have you on set. let's talk about this jobs number. you're sticking to your guns. advocate, someone say the labor market is slowing. we have a huge commodities route. markets are wobbling, and the fed cannot raise rates in september. why do you think they still will? steve: i don't know that they will in september. you have a fed put. it the markets keep going lower, i got to believe the fed is going to step back. they are trying to convince

people this is not a normal rate hiking cycle. it is kind of one and done, if you will. rosencrantz was out earlier this week in new york making that case. hawk, is a well-known so i put them aside for a moment. you have two things rolling the market. it will take a few weeks to get the fed thing out of the way. china will take longer. near term, you will have volatility. we will try to retest the low we hit a couple of weeks ago. we may even pierced that. a got a market with 3% downside. if things get bad, they will say we give up on the hike. i think the more likely cases they will do a hike and convince us that is all they are doing. look at what is going on with the 10-your today. the 10-year is coming down.

that is the important rate for long-term assets like equities. betty: you are saying this at a time when the dow is that another session low. we are off about 314 points. why are you staying bullish? i'm trying to make money for our investors over a 1, 3, and five-year cycle. i'm bullish even to the end of the year. near term, i'm telling our clients it is hard to pick a bottom. somewhere over the next few weeks, will -- we will bottom out and stabilize. then we will go higher. the under -- underlying fundamentals are strong. the market is trading at 14 times. a secular bull market like we have got takes a very bad situation. we had a 15-year bear market. the underlying tone is still skeptical.

that is the wall of worry. that is all that is going on. this is an overdue correction. we will wash out the weak hands. there are plenty of them. when this does not come apart at the seams, people are going to come piling back into equities. olivia: we are always trying to connect the dots between federal policy, rate rises, and the equity markets. itself like you are saying a fed rate hike does not change or u.s. equity strategy. steve: we got the fed going to 1% and calling it quits. we have the 10-year ending the cycle at 10%. equity markets are priced off the 5% 10-year. people start digesting and understanding we are not going there on the 10-year, in multiple equities will go substantially higher. earnings and the continue to grow, underlying fundamentals are strong, we think the market goes a lot higher. we would be averaging, we think

there's probably some near-term risk. one of the things that has driven this market is the earnings growth. you are seeing a stronger dollar, even stronger than last year. for a while, companies were able to hedge that. it has gotten to a point where it is cutting into earnings growth. if you got that had wind? steve: that is one of the biggest bugaboos. u.s., international earnings, are either products priced in u.s. dollars for products costed in foreign dollars. the actual net exposure is not that great. we have just come through the first 12 months of a strong dollar and week oil -- eweak oil. the strong dollar hurts the exporters. it takes about 12 months for the broader positive effects of a

stronger dollar to come through. everything gets cheaper in the u.s. that is good for consumers and a lot of industries. we are still a net importer of goods and services. we are in oil importer. oil takes about 12 months for the positive effects of a drop to be felt in the economy. we will be lacking that this fall. we think the positive effects of the strong dollar and weak oil are just in front of us. that will be another log on the fire of this scenario. olivia: are you ready to buy energy or do you think it is going lower? steve: it is tempting because the stocks are way down. our scenario in china is they are going to follow the japanese model. the american analysts say it will fall apart. it's not going to do that. the chinese have 3.5 trillion in reserves.

they are not going to allow chaos in the streets of china. they will follow the japanese approach, which is zombie companies and zombie banks. slow growth for 10 years, work this off. they are going to go nice and slow. it's not going to be a crash. is going to be a slow growth scenario. they are not going to go back to the glory days of building skyscrapers every other block in china for a while. the japanese did these massive government spending programs. steve: you will see that in china. they have a need for that. of boom in china is an american concept. we think the energy side is still weak. the supply side, we have a big increase in supply to work off. as tempting as it is, we would go slow on the energy complex. betty: also, for other commodities.

that is all in the rearview mirror? you don't believe for the time being we will see that level of demand anymore? steve: we think it will be a while to work off. we have will stuck in the 40-60 range. before it is over, you might see as pierce -- us pierce $40. right now, we are in a broad panic. all sectors are being sold. the babies are being thrown out with the bathwater. there are so many good stocks you can buy today with solid u.s. fundamentals that are getting taken down on the idea the u.s. is going to go down with china. that is not going to happen. play around with the dicier materials space later. i think there needs to be a washout there. i don't think we are there yet. betty: steve, thank you for joining us. the daily fantasy

sports company draftkings is going. global olivia: the company is planning its first international expansion. c.e.o. jason robbins joins us in half an hour. ♪

betty: welcome back to "bloomberg market day." i am betty liu with olivia sterns. olivia: let's go for a look at trading. almost two&p off full percentage points as traders weigh the jobs number of this morning. 5% unemployment, wage growth, inflation, is8

that enough for the fed to raise rates in september? that is not something the markets are psyched about. your down almost 4% for the first week in september, making it the second worst week for stocks this year after the third week in august which was down almost 6%. toon't want to go out pessimistic. there are big winners. had beenee stores getting crushed, a lot of downgrades after the $9 billion purchase of family dollar. now it is getting at least one upgrade. one analyst said dollar tree expects $300 million in synergies from its family dollar integration. that is conservative. that is from bank of america, merrill lynch. they have a by rating on the stock. for a while, it was the unnamed

drug company that was going to used as a poison pill to get out of the shire purchase. they were going to buy it for $2 billion according to sources. they backed out of the deal. sources are telling deal reporter other companies are interested and it can still go for about $2 billion. the stock is up 5%. i want to talk about bmg fence. &g foods. it is going to buy jolly green giant from general mills. it says it could get $100 million a year in profit from this. analysts like the deal. .he stock is up 4% today it has had its best to-day again this year. bgs doing well. i want to touch on blackberry. forkberry made a purchase

$25 billion for good technologies, a company that does a lot of the same kind of cellular service things that blackberry does, but based in california. the canadian company on the purchase, up .6% at 751. back to you. olivia: thank you, matt miller. betty: a look at top stories this hour. microsoft is looking at a multibillion dollar update of its seattle headquarters. the revamped would create more open workspaces and amenities. microsoft's campus sits on 500 acres. the company wants to use more of the outdoor space. gas prices are and 11-your love this holiday welcome -- weekend, welcome news for americans planning to hit the road. aaa says this will be the busiest labor day weekend in seven years. more than 30 million people are expected to travel more than 50 miles from home. those are your top stories at this hour. olivia: coming up on "bloomberg

market day," meet the man who knows chewbacca better than anybody. betty: the star wars toward maker -- toymaker, that is next. ♪

olivia: welcome back to the "bloomberg market day." i am olivia sterns with betty liu. betty: merchandise from episode seven went on sale overnight. stores including target have been open since midnight. the star wars film which opens worldwide december 18. olivia: what can fans expect? meet mark, and has been designing star wars toys since the first film came out in 1977.

been a driver, a storm trooper. i've been an indoor rebel. sometimes we are able to put our faces onto star wars characters. back in the day, i had less gray. i am a toy designer. i love toys. is more than just a job. i am probably best known for working on star wars. i first started in 1977. that is right when we received the star wars license. you have this film that everybody passed on. we safer $50 and a handshake, you got the star wars license. i kind of gravitate toward the vehicle. i think i had the temperament and patience to do the vehicle development.

my first big major project was the millennium falcon. i am designing the new vehicle for episode seven. we got a basic read of the script. because we have not seen the film and don't know all the rks that works -- qui happen with the falcon, we go for off-camera features. they don't really exist in the film. for instance. rrett popping up does not actually exist. embody all of the fantasy kids love to engage in. they come out of the film, "i just love this film." ys allow the kids to

bring that fantasy to life every day. olivia: that really is one cool job. betty: it is, and the fact he has been able to do it so long, good for him. he has been creating products that children and grown men and women like. olivia: that is one of the things that is so interesting about the star wars toys. the target audience is not a six-year-old boy, it is more like -- betty: a 40-year-old man. olivia: it is incredible. it has been a huge boon for hasbro. it looks like it will be a big win for disney. this is disney's share price since 2000. a lot of this has to do with "frozen" and many hits at the house of the mouse. but clearly, star wars helping. betty: in october of 2012, when

he bought lucasfilm, you can see stocks moved considerably higher. marvel seemed to be the big game changer for disney. it has paid off so well for disney, the marvel characters. olivia: it truly has. another big component is the theme parks. that has become one of the legacies of bob iger. huge investment in the theme parks. i'm looking forward to star wars land. betty: before my kids get to old, we have to take another visit to disneyland. olivia: you have to bring matt miller. betty: i'm signing off, olivia. olivia: don't go away. much more to come in the next half hour of "bloomberg market day." including the c.e.o. of draftkings. you can't miss that. ♪

this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule. and it takes- done. - about an hour. get reliable internet that's up to five times faster than dsl from the phone company. call 800-501-6000 to switch today. perks are nice. but the best thing you can give your business is comcast business. comcast business. built for business. olivia: welcome back to the "bloomberg market day." i am olivia sterns. now for top stories crossing the bloomberg terminal at this hour. the passage of the iran nuclear deal is assured. the obama administration is stepping up efforts to reassure

persian gulf allies. the president is meeting today at the white house with the saudi king. the saudis want to make sure the u.s. will make them on with up to the agreement. yemen is a key area of concern. president obama: we share concern about yemen and the need to concern -- to restore a functioning government that is inclusive and can relieve the humanitarian situation. olivia: the cane was scheduled to visit the u.s. in may, but he postponed the trip because of tensions during talks with iran. joe biden says he will run for president yet. the vice president spoke yesterday in a synagogue in atlanta, georgia, where he was asked what it would take for him to enter the race. joe biden: the most relevant factor in my decision is whether my family and i have the emotional energy to run. is notght think that

appropriate. bo, passeden'sj away earlier this year. gay couples are now receiving marriage certificates in kentucky. they were the first to get one of the licenses. the clerk who defied the federal quarter to issue licenses remains in jail. a federal judge sent her there yesterday. five of the deputy clerks have agreed to issue the documents. the lone hold out in the office is her son. weing up in the next hour, will talk with the c.e.o. of triangle and learn how he helped create one of the world hottest bikini brands. the u.s. unemployment rate dropped to a seven-year low. to what the fed considers full employment.

we will tell you how it made the suit -- affect the decision later this month. presidential politics comes to puerto rico today. hillary clinton will be there as will be marco rubio. they will be talking about the economy and puerto rico's debt crisis. for more, let's bring in my heilemann, who is trying to get me to giggle during the headlines. congratulations. you succeeded. john: i like the frustrated furious french farmers. a lot of alliteration for anxious anchors. olivia: what is hillary clinton doing in puerto rico? there is a piece include go saying she is only there to get the spanish vote in central florida. john: puerto rico has a primary. she won it last time. it is a close race.

you want those delegates. it is like stopping in the 51st state. she is usually popular with latino voters. she has an advantage over bernie sanders in that she is super popular with hispanic voters and popular with african american voters. those are huge voting blocs. you get into states were there is a more diverse population. she is more popular than barack obama was in 2008. olivia: how well marco rubio we received in puerto rico? john: it is unclear. everybody think the hispanic vote is monolithic. it is not. americans don't have love for marco rubio. they don't see him as one of their hispanics. in puerto rico, it is unclear. we will see. he will raise money. olivia: i want to talk about ben carson. what is going on in the polls? he is searching against donald

trust -- donald trump. why is he connecting now with voters? in the lot of people republican and democratic electorate are looking for something new, not the same old politicians. donald trump, ben carson, the ultimate anti-politicians. ben carson, it brilliant brain surgeon. he has a low-key demeanor. he is famous for having attacked barack obama at the national prayer breakfast. he said obamacare was like socialism. he said barack obama was like hitler. that caused a huge spike in his popularity among certain parts of the electorate. he is still kind of writing that, especially with -- he is still kind of riding that, especially with evangelical voters in iowa. let's bring it back. you don't think barack

obama resembles hitler? olivia: let's bring the conversation back to hillary. i believe you have some sound to play for us. bernie sanders surging in iowa. do you get the feeling from the people you speak to, insiders on the campaign, that she is nervous? john: they are looking forward. they are nervous. they are watching a bunch of ads. they are increasing their ad buys by about $4 million in the next few weeks. that tells you they feel they need to be on the air. she did an interview today which i think is the sound we will play. nobody told me we are doing that. she did an interview with andrea mitchell today. hillary clinton: at the end of the day, i'm sorry this has been confusing to people and has raised a lot of questions. but there are answers to all of these questions, and i will

continue to provide this answers. those answers have been confirmed and affirmed by the state department and other government officials. eventually, i will get to testify in public. i am sure it will be a long and grueling time, but all of the questions will be answered. i take responsibility. give was not the best choice. -- it was not the best choice. olivia: she is still having to defend herself against using the private server. the issue will not go away. john: the guy who set up the server pleaded the fifth. his lawyers are worried about criminal prosecution. whether there is legit of a concern or not, having someone who works for you plead the fifth is an element of how the story is out of her control. wheneadlines cannot even she has not done anything wrong in the moment. what is interesting about this interview is she has adopted a different posture. two weeks ago, her posture was combative and dismissive, and making jokes, snide jokes,

talking about how no one cared about it. now she is in a more contrite, much more sober kind of temperament. she is saying i understand this is a problem. i understand people are confused about what i did. it was above board, but i understand why people are concerned. she is trying to adopt a new tone. she is not quite contrite. she was twice asked to say she was sorry. she refused. she then said she was sorry it caused confusion. olivia: semantics. you follow this more closely than i do. see has not explained why she deleted thousands of e-mails, has she? john: not in a way anybody finds satisfying. a few months ago, she said i set up this e-mail server because i wanted to have two devices -- or i did not want to have two devices.

that did not strike a lot of people as possible given that a lot of people have two devices on a single server. why she did it, the deletions of e-mails, she said they were all personal. a lot of people have doubts about that. it is a fundamental unanswered question, why did she do this thing that no other cabinet secretary has ever done? decided to set up a whole private e-mail system, not just a private e-mail system, but a server at her house, and then destroyed 30,000 e-mails. no one really knows the answer. olivia: clearly, it is not going away. thank you, john heilemann. have a great labor day weekend. john: always great to be here with you. can think of a better way to start my labor day weekend. olivia: we have breaking news from mcgraw-hill. for more, i want to go over to matt hill -- matt miller. matt: this is owned by apollo. they bought it for about $2.5

billion. it has now filed for an ipo. filing does not give much information. it does not list the underwriters. reportedas previously morgan stanley and credit suisse will be meeting the ipo and mcgraw-hill will do it after the back-to-school season so it can show investors how much it has improved its revenue and earnings picture since apollo picked up the company. according to reuters, mcgraw-hill education has $1.3 billion in revenue and about $300 billion in every. -- eb itda. that is all we know right now. it is interesting because we are seeing a dearth of ipo's. that is concerning to a healthy economy. we have seen a genuine slow down of late. we are now seeing at least one filing, so that is one positive note on a day when the dow jones industrial average is off 300

points. and we finish the week down almost 4%. olivia: thank you, matt miller, for the update on mcgraw-hill. still ahead, draftkings c.e.o. jason robbins joins us. company'sy sports opening lounges in sports stadiums and has just raised another $300 million. we will look into this exploding business, next. ♪

olivia: welcome back to the "bloomberg market day." i am olivia sterns. let's get back to matt miller in the newsroom. matt: a tough day if you are

long stocks because we are down 306 points on the dow. the s&p is almost 2%. it has been a rough week. look at my terminal. you in columns, months, rose, years. at top, it averages the month. september is here. the average september over 10 years has been a gain of 0.32%. we are four days into september but are down 2.75%. it has not been a good september. in fact, the worst since 2011 when we were off 7%. here you see 2009. august was rough down 6.3%, especially after the third week which took away almost 6% by itself. very interesting terminal function. you can use it not only with an index, you can use it with a commodity, and equity.

i even used it with nonfarm payrolls yesterday to see the average. i may do that later as well. take a look at the moves after the jobs number. first, treasuries. we see a little buy will the dip -- buy the dip. the yield moves inversely to the price. as the price got lower, the yield gets higher. investors bought it down. we are now looking at a 2.12% yield on the 10 year. well has been a great commodity -- oil has been a great commodity to watch as it tracks the market. we are down .7%. we saw bank of america-merrill lynch lowered its price target on oil to $50 for west texas. $58 for 2016, on concern about global growth. copper had been recovering over the past week, has just taken another dive today. copper moving to a three-week

low. as markets calm down, it was getting better. but today with all of the blood on the streets, people are selling copper with expectations china will not be buying much of it. olivia? olivia: thank you, matt miller, for the update. now, college football kicked off last night. in six days, the nfl season begins with the patriots hosting the steelers. tom brady will be playing. football season is the most important time of the year for daily fantasy sports companies like draftkings. the company has raised $390 and launched an aggressive advertising blitz as we begin football season. joining us is draftkings c.e.o., jason robbins. thank you for coming in and congratulations on raising the money. what are you going to do with it? jason: we are going to focus on building the product, expanding into international markets. this is the time of year where we have a lot of customers we

can get to try the platform, so we are doing a lot of advertising. olivia: you are expanding in the u.k., there are a lot of fantasy players. how do you compete and differentiate yourself? jason: just like in the u.s., the season-long product is the dominant product. 10 million people in the u.k. play year-long fantasy football. just like the u.s., i think we will do partnerships with those companies. we will provide a different value proposition with the daily game. olivia: what are these lounges you are installing it nfl stadiums? jason: the lounges are about trying to take the fantasy experience and bring it to the stadium. a lot of people think of fantasy is something you do from home watching tv. there is no reason fans that want to enjoy the live experience at the stadium cannot still follow their fantasy teams, still watch what is going on around the rest of the

league. the idea is to set up this lounge where you can follow your teams on computers. you can watch games on monitors. you can still enjoy the live experience at the stadium. olivia: you think it is driving business? jason: we will know in a week. olivia: your advertising every where, even on bloomberg. thank you for that. has it paid dividends? jason: advertising is important part of attracting new customers. this is the time of year with fantasy football players starting their leagues. this is the best time of the year for us to advertise. a lot of people watching bloomberg are mathematically minded. playing draftkings is very similar to the stock market. the more you look at charts and do analysis, the more you have intuition for the way players will perform, the better you will do. the audience that watches bloomberg is a very good audience for it. olivia: i like hearing that. you have been growing at an

astronomical rate. how long can you keep up? jason: i hope for a long time. we are just starting international expansion. we have three or four years left in the u.s. of this kind of growth. we are only about 5% penetrated into the fantasy market. about 5% are playing daily. we have not started expanding overseas yet. this u.k. launch next quarter will be the start. i think we can keep that going for the next six to eight years if international proves as lucrative as i think it will. olivia: final question on tom brady. you are from boston. the patriots were one of your big partners -- first big partners. now that he is going to start the season, will that have a big impact on fantasy football? jason: in a traditional game, it is. if he had his suspension upheld, it does not affect the daily game.

season-long, you have to decide if you will draft him, is it worth it? in daily, you just don't pick him for the first four weeks. week five, you can pick him and not have to sacrifice anything. that is one of the great things about the game. injuries and suspensions do not impact you because you pick a new team every week. olivia: congratulations on raising all the money. a very addictive product. i'm sure you are responsible for breaking up many relationships. [laughter] olivia: kidding. c.e.o. of draftkings, jason robbins, thank you for joining us. still ahead, we will meet the entrepreneur behind the world bikini --world's hottest just in time for you to hit the beach this labor day. ♪

olivia: it is the hottest thing

to hit the beaches this summer. we are talking triangle bikinis, the colorful suits that have graced bodies of beyoncé and miley cyrus. the three-year-old australian company is set to bring in sales of more than $50 million this year. what is the skinny on this success? let's talk to the c.e.o. of triangle. great to have you. thanks for coming in. tremendous success for a start a clothing company. three years ago, you were living in hong kong with your fiancé eating canned food. how did you do this? >> probably not a great business plan in the beginning, but we packed up from australia and headed over to hong kong to be close to where all suppliers were and get it off the ground. in the beginning, started off basically. we were living a simple life eating canned food -- soup just to get by. olivia: where did you get the

idea? >> the canned soup? australia,st met in our second date was at a beach. we were talking about the swimwear market. that particular morning when we were going to the beach, she said it is difficult to find a bikini under $100. the concept started from there. we had a simple focus in the beginning, trying to sell one a day. get all of a sudden took off. olivia: what was the tipping point? when did the phone start ringing off the hook? >> we started wholesaling in the beginning. it was a tough business model to work with. onswitched over to focusing [indiscernible] and started to get traction with the focus on e-commerce. we got some lucky breaks in america with kendall jenner.

she tweeted to 5 million people about our bikinis. that was a fantastic start. olivia: i believe miley cyrus has done the same thing. how do you get celebrities to put on your detainees and post -- your bikinis and post photos of themselves? >> i think we have been lucky. we have never done paid advertising. i think we have been lucky. olivia: are you thinking about paid advertising? >> i think at some point, it will have to kick in. while we have this run, we are going to keep working that angle. olivia: another big part of the success that is incredible is it is e-commerce only so far. do you have plans to go into brick-and-mortar stores? >> we are open to the idea. it is not something we are experienced in, so we would want to bring in the right partners. it excites us at some point to do a physical concept of what is

now just an online idea. olivia: i have to say there is a victoria's secret around the corner. they have a swimsuit that looks very similar. how do you prevent against knockoffs? do you patent the design? >> the success has happened so quickly it has started to pop up quite a bit. in the beginning, we were a bit naïve. now we have the right resources in place. we will deal with those things accordingly. olivia: how about a men's line? women's is far more easy. i cannot imagine guys doing it with a pair of boy shorts. olivia: maybe the market is smaller. who knows? at this point, what is the biggest challenge? you are a midsized business. what is your focus now? >> for me personally, it is

product. concentrating on product and having something new and fresh that the girls like. we have a really fast supply chain. we have quick turnaround on our products. definitely just keeping the product development. olivia: thank you so much, craig ellis, c.e.o. of triangl swimwear. markets are sharply lower this afternoon after the mixed jobs report. the unemployment rate falling to 5.1%. will the fed raise rates in september? that is what traders are trying to figure out. stay with us. ♪

>> it is 2:00 a.m. in hong kong. matt: this is the "bloomberg market day." olivia: unemployment rate

dropped by 5.1%. we ask a chief economist to dig into the data. a growingpe facing human a tearing crisis as migrants tour borders. we ask ahead of the rescue committee what eu leaders should be doing now. olivia: a long time ago in a galaxy far away, a man got the best job ever. we will talk to the toymaker who has designed star wars toys for forcest 40 years on this friday. good afternoon. i'm olivia sterns. matt: let's get straight to a look at the market here as we hover around session lows.