>> coming up on bloomberg best, the stories that shape their week in business around the world. walmart ads online strength. the stimulus program has pickup. trump and clinton layout economic blueprints. >> upon taking off, i will issue new great -- new agency regulations. >> we will work with both parties to pass the biggest investment in new, good paying jobs since world war ii. ramy: earnings season continues. a tour behind the numbers. >> the chinese consumer is very healthy. >> as far as economic value, we

are well-positioned. >> they focus on what they cannot control, which seems like this is. ramy: and disney's bob iger has the list of top interviews. consider the city of the crew over 60% in the quarter. ramy: it is ahead on "bloomberg best." hello and welcome. i am ramy inocencio and this is "bloomberg best," your weekly review of the most supportive business news and interviews from bloomberg television around the world very let's start with a day by day look at the headlines. on monday, donald trump unveiled his economic plan in a speech to the detroit economic club. he promised to slash taxes and limit regulations. trump: it is time to remove the anchor dragging us

down, and that is what it is doing, dragging us down. [applause] upon taking office, i will issue a temporary moratorium on new agency regulations. >> on top of policy financial regulations, trump would lower the individual tax rate to 30% and cut corporate taxes from 35% to 15%. give us a brief overview of the plan. to begin enough details? >> a few new things that added meat on the bones. we saw he changed his top proposed tax rate from a previous proposal of 25% to 33%, bringing him in line with how -- with house speaker paul ryan. we saw him talking about the financial and -- financial industry, something that amounts

to the entire speech, and olive branch to republican elites, republican officials and donors. shery: is it implementable? get -- can he get appeals, yes, he can. >> we have disney's results, $1.622, topping analyst estimates by one penny, as for revenue line, for $2.3 billion tops the consensus as well. consensusion mrs. the estimate, the biggest part of the company when it comes to revenue, parks and resorts, $4.2 billion also missing the consensus. in addition, disney says it has the option to buy a majority ownership in mpeg and it will be buying a minority stake in the company. >> what do you think as far as results? >> i think the topline numbers are solid, right in line with

what the industry expects. the management will speak to investors and they will want to talk about the media networks, specifically espn, and they want to hear about how subscriber numbers aren't you spin and how it affects growth rate and advertisement. scarlet: disney making this announcement that it is buying a minority stake for $1 billion. is that help concerns about cutting and media networks? not: it shows a disney is afraid to make digital investments. if you are like disney, you walk a fine line of protecting your core business, your core bundle of cable networks, which have been so profitable for so long while at the same time making investments in the digital side of business because we know that is where consumers are spending more time, that is where advertising dollars are going, so if you are walt disney, you have to continue to play both sides of the fence, disney has done very well and this

investment is another example of that. jonathan: the focus on the united kingdom, we do not usually get to say this, and uncovered take of england operation, plain english, not enough solid for the bank of england to get to that one billion target. erik: they were to -- david: they were trying to buy. jonathan: the bank of england has a market they are struggling to buy with on and they got what they want. case atseems to be the the moment. they are putting a brave face on. we got a statement saying that they were not worry about this and it is only a little bit into the second half of the program. we will get the details of when they do that in november. and carry on seems to be destroyed but we continue to get this big move, to clearly in the tens and 30's, that kind of area, where we see the real area. it is the area through the need of bonds. >> the bank of america saying

they will stick with their bond buying plan, after failing to find enough sellers of long-term security yesterday, but different maturities today as the bank said the latest purchases were not fully covered and they saw the 10 year yields pare back some of the losses after a record low. is this pickup and it affecting the longer end of the curve or is this going to be a bigger problem for the boe and their program? the results of today's operation indicate that different parts of the gilt yield curve yielding different amounts of success in terms of how easy this for bank of england to pick up the yield in order to push it through. i believe every american willing to work hard should be able to find a job that provides pride, and decent pay that can support a family.

starting on day one, we will work with both parties to pass the biggest investment in new, good paying jobs since world war ii. plan for theldcare cost would be limited to 10% of family income and also noted about infrastructure spending, connecting homes to broadband by 2020 across the entire 50 states . she talked about student loans taking it easier to repay and high-quality union training program, and perhaps most interesting was appointing the chief trade prosecutor as she plans to kill the tpp. >> one of the major things she tried to do was to trade trumps economic vision as an that helps the upper class. at the same time, clinton tries to portray herself as someone who will make herself a much more level playing field, someone who will give them -- get the middle class the hands of and make mobility possible in

america again. vonnie: did she explain enough in detail how she would pay for all she plans to do with the new intake? >> no, she did not. that is something we have seen both of the candidates not really bring to the table. exactly detailed how they will pay for the proposals. backing out gas, cars, -.1%. estimates were for an increase of .3 of 1%, a number coming in that -1.1% and overall retail sales are flat. jonathan: the debate will be whether everyone spent all do on -- spent the money on august last month and did not have money for anything else, but on the headline numbers, when you strip out all does, he stood but gas, a downside to provide an market reflects that. david: this is disappointing to what people expected. what do you make of it? >> the auto's number was quite

solid but we knew that would the incoming data, so it is weaker than expected. i would just say in context, remember the last several months sequentialstrong, so improvement are sometimes it difficult in retail sales and it is a noisy signal. for example, we take stronger signal from your outright auto sales data that we do from breach sale -- from resale data rate that said, it is a disappointment. david: there has been a high correlation between retail sales and overall services, so it is larger than retail sales, if that holds up, and it says something broader about u.s. consumer what they are spending. michael: it does not mean there are no signals in retail sale, there is, but in terms of durable spending, housing demand, that gives you the true picture of her household sentiment is. we will have more on disney's

billion-dollar deal from bamtch later in the program. iger. upone with bob next, or the week's top stories, including a costly set of problems for delta airlines. this is bloomberg. ♪

best."his is "bloomberg the biggest brick-and-mortar powerhouse pays a premium price to acquire an online upstart. let's continue the top stories. has agreed to by jet.com for about $3 billion in cash, giving the world's largest retail customer online presence. david: $3 billion. have only had the site up for 13 months. any money.t making it is burning cash like amazon

used to. this is a desperate move by walmart. hadyears ago, walmart doubled and of amazon and they have flipped. desperate to catch amazon or to be more competitive . david: this chart illustrates exactly what you are saying. jeff: you are pretty desperate if your walmart. there is about 14 billion annually in sales but knowing your what they thought it would be. of thethis is one biggest in history? going after an individual? jeff: it is. mark is seen as a bit of a genius and online space, so they are not only buying the technology and customer relationships and the website, they want mark. that's a valeant's surprise, second quarter sales and earnings with social investment but shares are climbing as they hold firm on the full gear guidance of 22%.

we have had many positive .arnings calls from valeant is this different and what makes you think they can turn it around in the second half? not entirely sure. they have to drive earnings growth and drive it out of businesses that are declining and more sympathy than they have in the past, so they have a big task ahead. what papa has been sticking to is there is a sin -- seasonality to the business and he must be confident reiterating that it is a big prize today. vonnie: shares of valeant plunging today. this follows the fourth. the drugmaker is the target of a criminal probe. federal prosecutors are investigating whether they hit their ties to a mail-order pharmacy, according to "the wall street journal." did we just hear that everything was going to be fine? cynthia: for the purposes of how to run thents

business, he did give a positive and upbeat call earlier this week. what was positive was essentially not negative, if that makes sense. they averted more bad news earlier this week, but there was a relief rally in the shares early this week and now the ongoing investigations, which we knew were around, but the magnitude of them and the amount that they could impact rally and are coming back to haunt them. delta woke up this morning and still had the headache from yesterday after counseling 1000 flights yesterday and they say now that more than 304 not take off today. all because the computer failure in atlanta. what do we know at this point? delta know about what caused this? you think an airline of this size without backup systems and backup systems and backup systems. >> the good question is why the backup systems did not work. delta said they had a power outage and georgia power says the power was given to the delta

building but then apparently there was a problem with the switchgear, and that prevented the power from getting to the delta computers and to the delta operations. with delta has to figure out is why did their backup systems not kick in yesterday? david: the stock is not being hit by this. how much do we know and how much of the cost delta? mary: we do not know yet. the nearest we can talk about is when southwest had a similar outage late july. they cancel 2300 flights and their flights to not catch up to schedule an for several days and they said the cost of the tens of dollars, so there are a lot of cost that add up to a lot but we do not have a figure from delta yet. riling -- the central bank will conduct more open market purchases and interest rates are also left unchanged at the last r.b.i. meeting. what today we behind for the legacy? >> -- what does he leave behind

for his legacy? >> remember the context he took in. a few years ago, there were people under pressure. you have seen proactive thinkers in india that took measures to stem the fall and built as far as foreign index was concerned. put in place new ideas like the inflation targeting regime, monetary policy committees, and they will be deciding rates from now on, all these ideas that he pushed forward. there are critics of the policymaking and many believe he was more hawkish than expected in holding on to rates when they should be lowered. you have seen industry rates come down. the other big challenge and criticism is when he was way too outspoken for the establishment. he often spoke outside the monetary policy that's not go down to a with the policy.

-- that's a not go down to a with policy. >> improving conditions for the manufacturers. to be have -- we have not seen figures like this in two years. >> it is pretty interesting. it could prove to be more of an interest development in the year. be higher-- ppi could than in more than 40 years, and the basis cycle has been one of the real drags and policymakers have declined to crack. they're not necessarily cutting back on excess or tackling the overhang of supply, it is more about picking up on commodity prices. of course, the base effect of watching it through, so it is less the story that they are doing a reform and more that it is reflecting these [indiscernible] >> in brazil, the senate voted to move ahead with the impeachment of suspended

president rousseff. rousseff will go on trial for using improper loans from the government they to pay for programs. she says she did nothing wrong and the trial is expected at the end of the month area >> what to invest -- month. >> what do investors need to see the push it higher, whether bond, stocks? action willith the lie is what exactly the government is going to be able to pass in terms of reforms once the impeachment process is over. we would then test and see whether or not the measures get diluted or the perceived as directed. if they perceive -- perceived as expected, that more than justifies recent market optimism and if they get diluted, we have to see the extension of which it gets diluted to see whether recent optimism is justified or not. undermining the u.k.

housing market, according to the july residential market survey, which sought demand and sales dropping in july. how much has to do with changes that we saw in the tax surrounding buying second homes and investment properties and what happened with brexit? what we have with the two competing forces? >> it is really important to mention that tax issue in the first quarter because it was particularly strong. it was inevitable that things would slow down but let's not minimize how markets react to a big event. whether it is an election or of referendum, these sorts of high-profile events always lead to a degree of uncertainty. it has been visible in the feedback. the commercial and residential surveys. the commercial survey is more

because it is so dominated by investors.

ramy: you are watching "bloomberg best." another weekend parade of earnings reports from companies around the world. let's review some of the most interesting results, starting with the big beat from alibaba. >> alibaba posted quarterly sales at almost 59%, beating estimates. the company held up despite china's slowing economy and revenue from cloud computing revenues soared. >> alibaba has remained relatively resilient even as the chinese economy slows. how do explain that? >> we are more than resilient. we just had the fastest growth rate ever in terms of revenue since our ipo.

we generated 4.8 billion dollars of revenue, 59% with year and year growth -- year on year growth, and if you look at our commerce business, we are facing consumers, we generated $2.5 billion of operating income. for in itself is at 38% year on year growth. from our perspective, the chinese consumer is very healthy. we look at the chinese household and there is $4.6 trillion of u.s. dollar at cash savings on the balance sheet of chinese households. this is because over the last few years, they had real wage increases, they do not have a lot of mortgage debt on the books, and this is all going to provide the foundation for a very, very strong growth of consumption. >> prudential has was -- reported first half profits that

beat estimates and boosted higher earnings in the asian and u.s. unit. up 3.8% for prudential and not only are they saying they beat estimates, but they are on a good track for the 2017. how difficult will it be for 2017? q have negative rates and brexit to deal with. -- you have negative rates and brexit to deal with. up, cash up, asian performance outstanding, 15% increase in profitability and cash generation and these are on u.k. currency comes a look at local, it is more dramatic. moving then portfolio away from sensitive products for about one decade, so but 16% of the group earnings are spread based, investing in bond and compliance, so the bulk of earnings and not affected by rates directly. there is some accounting noise, but as far as your economic value, we are well-positioned. -- sheer economic value, we are

well-positioned. in the prophet, and this kicks off the earnings season after all australian lenders a bad note to read what is the reason for the week results? >> the revenue environment thinking is more constrained and interest rates are very low at the moment. -- the neterest interest margins are stable, but the results for the third at $5.3are 3% decline billion. this is a trading update and not the four-year result, but their capital ratio is 9.7%. really, this was also down on the higher expenses for bad debt. lending club shares plummeting in after hours after the company's gloss slid $281 million in the second quarter. andceo has resigned

they're regrouping after a surprise leadership change in may. but the hits keep on coming -- will that hits keep on coming? >> they have gone back to a lot of customers and said, this is how we are doing do diligence. the issue is not the ceo leaving but the reason. it was the fact that they were selling loans and not telling the truth about the underlying loans, and that was the great concern and that is the thing up inauses this to seize may. yes, they showed 7% year-over-year sales growth, but that is down from 87%. this one from a rocket ship to a skateboard and not very impressive, they are right now and the question is what today do going forward, to they have to do to do that? >> first half profits fell short of analyst estimates. the investment unit declined. energy results underscored concerns about britain's brexit

vote and it could shrink the insurance value at 2.62 a and dollars with of investments. >> there are lots of different things going on in the world that people find it difficult to interpret. on any given day, they could be interpreted positively. i do not think they are true, but because there is a lot of noise around, we seem to excessively respond to any particular type of noise because billionook after 840 pounds of money, which is 100 billion higher than one year ago which is a staggering amount of extra money. you would not think so from the results, but as a consequence of that, anything that moves, property, bond, equity, it has an impact on a business. >> checking mineral stock in twoey, it is up by about thirds of 1% and the profit is

$29.5 million, and they say that their strong cash flow is expected to rise. if you see the strength this year, prices are remaining strong, but the thing to ask is our commodity slumps over with? >> i am not focused on what the commodity slump looks like it think the long-term fundamentalist for copper is that what i think they seem focused on is what they cannot control, which is inside the business, so getting operating cost down as low as you can, and we are now well below the bottom of the cost code and that is the most important thing because it allows you to do well in low-priced environments and exceptionally well in high-priced environments, which i think we are doing. solar city shares down after they reported earnings ant showed less of a lost estimated but also showed growth was slowing. elon musk said people should focus on the long-term and not the short term.

they beat estimates in terms of not losing as much money, but the slowing down of growth, isn't that alarming? >> yes, the number of panels terms of the amount of product generated come which is how they measure this, down 15% year over year and that is problematic for the company. you want to install more and not less. throughout the phone call, there were concerns about how the business is run and they talk about exciting projects in the future. the scene right now for soliciting is not good. david: there is also an issue at cash and they are running out it appears. corey: they burned to over $200 million of cash this quarter and the company says they are cash positive, not pre-cash positive, but cash flow positive and that is burning through. a $212 million boss, worse than the last quarter, nearly as bad as a fourth quarterly burn from 92 million in cash, so it is a

concern that the company, not least of which because they have less than $40 million in cash left on the balance sheet. an ax to has taken some stores. the big headline, closing about 100 four lined stores. that will result in a $249 million charge. the other big headline is looking at options for four large downtown flagship stores. what can we expect over the next half of the year in terms of struggling retailers and changing that business model? >> definitely pulling back. you are seeing retail brands pullback from the department stores and department stores will have to respond. they will have to continue to close and continue to get inventory in control. the thing that was interesting to me is that may be the will announce something bigger with their real estate. david: you will be closing 100 full-line stores. how did you come up with that number? how long will it take to get them off to her books? >> we took a map of the united

states and list of populations and growth. he looked at the shopping mall density, recognized that there are 7.3 square feet per human being in america of retail space versus the u.k. of 1.3 and france at 1.3 and other three, 1:7,at one: so the reality is is that the united states is over stored and that is appear fact. we are getting in front of what we know as a trend that has been occurring. coming up, disney made a big investment in streaming media this week. tells us what it means for the company. plus, in-depth discussion of the economic plans proposed by donald trump hillary clinton. this is bloomberg. ♪

this is "bloomberg best." made hugey has investments, opening their shanghai disney theme park in june and then bind the $1 billion -- then buying a $1 billion stake. bob iger spoke with david westin about how he expects the bets to pay off. david: it strikes me that this is the first time you have made a major investment in bamtech distribution. is this not enough to have contact in this world but also distribution? safe tohink would be assume this is our large investment in what you would call distribution. we look at it as an investment in technology. we have said for more than one parte that are strategic is using technology to make the product by there and make the

content butter and use it for production and quality reasons. also use technology to distribute it in more modern ways, more ubiquitously and more efficient ways, ways the enjoysr, possibly even more and gravitating toward, and that is what this is. a is safe to assume it is distribution play. preview it more as a technology play and that is vital to the future of the company. quarter goes, you have to consider the studio that grew 60% over the quarter, over the, and has delivered $2.3 billion in income, which is record for the company and maybe hashighest any to do earned in the year and we have one quarter to go, so quite the performance. ae parks and resorts had fantastic corridor, as well, which given the start up of shanghai is no easy task. david: early on, are you on track and what are your plans point?nghai at this

bob: shanghai is one of the most important steps the company has ever taken in one of the biggest investments we have made outside the united states and the most popular city and in the most populous country in the world. it was a 17 year journey for me from the moment i set foot on the property to limit cut the ribbon, so i was quite involved. we built something really large and complex and unique in the sense that there is a lot of original project in shanghai disneyland and it opened flawlessly. the reaction in china has been great. interestingly enough, visitation has come from all over china and has taken great advantage of shanghai as a tourist destination, particularly in the summer carried content to visit is high and awareness is high. people are staying about two hour longer per visit, which suggests people are enjoying the product ais lot and the perk of spending has been strong. we had estimates but we are just

guessing about how it would do because it is a brand-new product in a new market for us. we are extremely pleased with what we have seen so far. well over one million people have visited the parks since it opened on june 16 and the prospect for the business looks really strong. so much so be have already broken ground and we feel great about it. ramy: both major party contenders for the u.s. presidency laid out the economic policy plans only examined their proposals from a variety of perspectives. david,tart with president in seem of global and senior economic adviser to donald trump. what are you were the key elements in what donald trump laid out yesterday? >> i'm glad you pointed out the regulatory side. a lot of people talk about the tax reform, which is important for trade reform, but energy is important to have business. my key proposal is to have the

cabinet work reduce regulation, so all of it will be asked to list regulations that do not benefit the public and did not benefit growth. david: you are the economic advisor to the trump campaign manager have people pencil. how penciled would cost -- how much this would cost? >> i am skeptical of how accurate that scoring can be because you do not know what or how dynamic the economy can be. i think we are wait underestimating america right now because we have been so many years in slow growth. if you speed up the growth, you will get more business investment, more tax revenues and it will make it easier to do the spending reforms you have to get done. least it strikes me at that this is largely the redistributed approach to economics. nothing wrong with that but one particular approach. it is not progrowth or pro-business like mr. trump's. why is that the right

restriction for this country right now? >> i disagree entirely. if you want to grow the economy, the lessons is that tickled on economics to not work and that middle out economics to work. if you have a strong middle class, you will have people that consume and by and consumption is the overwhelming driver. business investment has been challenged in part because business is to not believe the consumer will be there. if we make sure the middle class has more money in their pockets and more people are aspiring to be in the middle class, that will be the source of growth in the future. i do not think that trickle down economics and deregulation like we saw in 2000 it will get you far. a thousandey got us hundred jobs a month being lost and decline in gdp in 2007-2008 in the global financial crisis. i think secretary clinton's plan is progrowth and donald trump is the one likely -- and experts have been saying this -- throw

us into a recession and the two similar types of economic crisis that we saw in 2008. david: what are the things that jump out at you the most as the most fundamental differences between mr. trump's approach and mrs. clinton's approach? >> here's what we need to ask, as the candidates look at the economy, what do they see as the central problem? when i look at hillary clinton's plan, it seems to me that she thinks the central problem is that rich people have grabbed too much money away from poor people and middle-class people. if you look at donald trump's plan, it seems to me that he thinks the central problem for the u.s. economy is that businesses do not have an incentive for adequate incentive to invest. the entire plans on both sides derive from that supposition, so we can start with the basic question. he was right about that?

-- who was right about that? i tend not to be your redistributed -- i cannot even pronounce it because i think the concept that the problem with poor people is that rich people took the money misunderstands how capitalism works. i think it is true, undeniably true, that businesses have failed to invest and it is undeniably true that u.s. corporate tax rates are not competitive. they are higher than nearly every other trading partner that they do business with. david: it is also true that a large part of the u.s. economy consumer-based and driving the economy. if we can get more money to consumers, the middle class, that would help the economy. you agree, don't you? dd: yes, but if you look at recent to reports, consumers are doing ok. overall retail

sales is not horrible. auto sales have been quite strong and the recovery. housing has been ok. the sailing has either been the lack of confidence of his nurses or the disincentives. what we have by two distinct visions for how economic policy should be conducted. donald trump wynn stewart massively cut taxes even though he has not said when he wanted to do on the spending side, but you have to cut spending to get the deficit to reasonable place what it favors the rich. the one place he is not pro-business is on trade, where he is on the populace side and business is in favor of free trade and he is against it. allary clinton's vision is robust government that can get the hands dirty in the economy?. is there a redistribution of aspect? yes, but what she really is trying to do is investing in america and in the structure,

education, all that has been cut over the last 10 years and that is a progrowth agenda in my mind, so i would not call trumps progrowth and hers not. >> hedge funds, private equity, how do you tax carried interest? should be ordinary or capital gains? taxed asuld be ordinary income and i am a beneficiary of carried interest for my private equity days, but what i did in my private equity days was work. [laughter] not see why it should have been taxed as work. it is a small revenue number, $50 billion over 10 years, so it is a principal matter. on principle, donald trump and hillary clinton agree on this and they are correct.

ramy: you are watching "bloomberg best." it seems uber is finding out

what other u.s. tech companies realized long ago. trap.is an alluring google, facebook and amazon are either banned from china or have swapped and their odds of success are only getting slimmer. mighterg explains why it be time for u.s. tech firms to give up on china for good. >> no u.s. the company has really cracked china. .t is time they stopped trying google, facebook, amazon, microsoft, ebay, all have either been shut out of china are treading water. the latest is uber, which sold after they lost billions of dollars. apple has done well but has struggled recently. why can't american internet companies succeed in china? three reasons -- why can't

american internet companies succeed in china? three reasons, it is tough for foreigners to compete. alibaba handled more online sales than amazon and ebay combined. two, china's loss and government interventions favor local companies. the example, facebook and twitter are banned in china and google pulled out of the years ago because it was the targeted cyber attacks and did not want to comply with censorship rules. three, chinese technology has become really good. local companies make smart phones as iphones but with features tailored to chinese tastes like guessing your age from selfies, and chinese tech ideas are being copied, like they spit turning their chat messenger into a virtual chat, and the might of chinese internet super powers, tech prowess and government help has turned china into an online

economy where locals role. china seems too big to ignore but too hard to crack for america's web powers. >> this week's edition of small to big focuses on an up-and-coming yogurt brand. they are headquartered in colorado, but as the founder explains, the story begins down under. i was visiting my family in what was and i tasted essentially the most yogurt i have ever had. i had to eat it more than once a year, and i figured out how to license the recipe. i called the dairy founder and convinced them to go to business with me and we partnership and created [indiscernible] backyard,eally on our a colorado market, and we did a lot of sampling. from that, it all happened.

in 2012, we had target come to us and they wanted to test us in their supertarget stores. four months later, target came back and said, we loved tell your performing and resonating with our guests and we went to extend due to another 1000 stores. when we launched noosa, we do not have a business plan, real strategy, and it felt like we should say yes to every opportunity. one of the opportunities was coming east to a retailer outside of new york. we do not have the right resources from a marketing standpoint, the right supply chain logistics, it just really was too far and too soon. more of a regional approach, working with the right regionalist that were invested in us as well. fortunately, we were able to pull back without self imploding from the financial aspect.

of 2014 and wend could see the business was getting bigger and bigger. we did an extensive search to find the right partners to help us grow and take us to the next level. we were joined at the end of 2014 and they really allowed us to accelerate and built plans for future capacity. we just finished up a $20 million expansion. we are in over 25,000 stores. or us, it is an amazing brand and we stay focused on what we do well, and that is making over 100 way dollars in revenue. we are unwilling to do it unless we have that wow.

got a really

interesting chart called imsd for insider trading and this shows us the s&p index against corporate insiders and so thathowing the by, his executives can anybody important at the company buying stock. this is what we contract, all good. 30,000here are about functions on the bloomberg and we enjoyed showing you are favorites on bloomberg television, too. a.b. they will be your favorites. here is another function, quic go, we can get important context into timely topics. there are five major energy sources in the world, petroleum, natural gas, coal, grenoble energy and nuclear power. thanks to the shale and fracking clean, and cheap and

it is natural gas that may be the fuel of the future. big oil companies use a technology that turns it into ,iquefied natural gas or lng which can be shipped all over the world, reshaping politics of global energy. here is the situation. the trickiest album with natural gas right now is right there in .he name, it is a gas most travels through pipelines, and that makes it really difficult to sell the gas to, say, korea. ofst, there is a process super cooling natural gas to -250 degrees fahrenheit and converting it to a liquid and the volume by 600 times. like going from a beach ball to a ping-pong ball. this makes it possible to transport gas not through pipelines but on really big fleet which leads us to a of $251 tankers, some the size of almost four american football fields.

that can carry lng all of the world. the only problem is the ships are too big to fit through the panama canal until now. canal billion pen month project was finally finished in june 2016, allowing for fastest shipping of lng to keep markets like asia. what does it mean for global energy? a growing number of countries are trading lng, with 34 nations importing of why the end of 2014, compared to 15 in 2005. here's the argument, overall, demand for lng depends on how fast countries will turn around from coal. is it iselling point cleaner, producing about half as much carbon dioxide as coal. companies are pushing into the lng to produce a cleaner future. shells acquisition of u.k. oil and gas producer bp, the biggest in a decade, made it the largest lng trader, but not everyone

. in countries like japan, the lng in theorter of world is focused on nuclear power after starting to get reactors back up and running after shutdowns prompted by the 2011 tsunami. plus, some u.s. gas companies are glued to exports of lng, saying that longer-term, could raise gas prices for american consumers. ramy: that was just one of the many quick takes to find on the bloomberg redo can also find this at bloomberg.com, along with all of the latest business news and analysi 24 hours a day -- analysis 24 hours a day. thanks for watching. i am ramy inocencio. this is bloomberg. ♪

♪ haslinda: hello and welcome to "high flyers." a show that gives you a 360-degree view of asia's business elite. today, we meet a true visionary who has succeeded in building an ecommerce, ecosystem in southeast asia. he led a team at a time when retailers, and governments were only just warming up to ne