p.m. hong kong time. will greek banks real but on monday? the government has promised they will reopen banks on monday. as for capital controls, these controls will still be in place. let's have a look at what us we are watching. juliet: energy says a decision by hong kong regulators -- hener removed itself from trading after its stock plunged 47% in half an hour. have then, shareholders not been updated. energy says speculated -- hanergy plans to challenge the suspension. google has broken a long string .f estimates, beating estimates sales rose 13% as the company cut back on risky projects. sending shares higher in after-hours trade. apple employees have won the right to collectively sue the company over its security policy. staff is required to go through antitheft back-check when they some for, a process that say is demoralizing. they say they should be compensated for time spent in those checks. ahead, we go to mumbai for the details in the plunge and iron ore prices. ♪ rishaad: -- yvonne: we are seeing a rebound in oil. we are heading

p.m. hong kong time on friday, we saw gold plunged. it pushed gold over the edge and today, it fell more than 4%. gold speculators, the least bullish on record. money managers are holding the smallest net bullish bets on gold since u.s. government data begun in 2006. they are not just dumping gold but also dumping silver, platinum, palladium. if you look at exchange traded products they lost about $2.1 billion. rishaad: we are a couple of months away from the indian wedding season. the chinese have been buying the stuff in record amounts. shery: whether the market thinks china will buy more gold. for the first time since 2009 we have data of how much china has actually put money into buying gold. since 2009, they bought $26 billion. the first time we have data out of the central bank. they bought 1600 metric tons, look at that jump from 2009. 100 tons a year being purchased by china. it all depends on whether people expect china to keep buying. it is not as high as expected. china trying to diversify its foreign exchange reserves. rish

p.m. in hong kong. caroline: china's benchmark index has seen its biggest intraday fall in years, plunging 1.8%. that's amid a continuing route, leaving only 43% of the entire stock market frozen. this is a day after hong kong and chinese shares entered a bear market. ryan: shares on the shanghai composite have plunged by ron 30% this year since the peak about a month ago. david english is in hong kong where the hang seng index has also plummeted. david? david: a very good morning to you guys. it was a very eventful morning session, and right now it's 1:00 p.m. in hong kong, and we are just getting underway. just to recap what has happened. about our before the chinese market opened, you had this flurry of headlines chinese companies announcing that their shares are suspended. we had a total of about 430 companies on top of the 800 or 900 that were already halted for the first few days of this week. roughly right now, you look at where the index is going. if you combine both shanghai and shenzhen -- tha

p.m. in hong kong that is 8:00 p.m.australia turned voin over the weekend as opposing protest groups attacked each other. >> we have the right to demonstrate! >> that's the scene in melbourne. demonstrators from reclaim australia, an anti immigration group were countered by protest protesters who accuse them of being racist and anti muslim. we were in the middle of it all as fights broke out and police took action. >> in melbourne's democratic heart, this was a version of democracy at work. >> next minute somebody has got me by the ears and they all run up and started kicking me. >> many covered their faces with masks, making their intent clear. this was simply an excuse for violence. this is where the violence really threatens to spillover. we've got protesters here preparing to walk to the north of spring street to confront the united patriots front. with the thinblueline separating the opposing protest groups the confrontation was with police. this is the frontline here. we've got police here. and it took an acrid or

p.m. in hong kong.a new merger in the health care industry as anthem plans to buy cigna for $48 billion. clinton looks into long-term investing. and new mutations to create rarer new drugs that could save the lives of millions. ♪ olivia: good morning every one and welcome back. i am olivia sterns. scarlet: and i am scarlet fu. eance earning seizing

in hong kong and 2:00 p.m. in washington, d c. -- 11:00 a.m. in san francisco, 2:00 a.m. and 2:00 p.m. in washington, d.c. good afternoon from bloomberg world headquarters in new york, i mark crumpton, here with scarlet fu. scarlet: happy fed day. mark: let's go to michael mckee in washington with the fed decision. michael: there is no change in monetary policy, but the fed has upgraded its assessment of the economy, which many on wall street may take as a sign a rate move is near. the policy makers risks to the economic outlook as nearly balanced. gains ande solid job declining unemployment. a range of indicators suggest the underutilization of labor resources ha

in hong kong 12:00 p.m.ternational. >>> a scrabble player from new zealand wins a french scrabble championship. he knows the words but he doesn't speak the language at all. how he outscored the native speakers. that's up next. . i just had to adopt him. he's older so he needs my help all day. when my back pain flared up we both felt it i took tylenol at first but i had to take 6 pills to get through the day. then my friend said "try aleve". just two pills, all day. and now, i'm back for my best bud! aleve. all day strong and try aleve pm now with an easy open cap. ♪ if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. share your summer moments in your mercedes-benz with us. let's celebrate these moments... this woman... this cancer patient... christine... living her life... loving her family. moments made possible in part by the breakthrough scienc

p.m. in new york, 3 a.m. in hong kong. >> this is "the bloomberg market day."of emerging markets and morgan stanley says that china is a big problem. hear what he had to say, just ahead. alix: scott walker puts his hat in the race. we will take you to the republican state where he is set to announce his candidacy. matt: spotlight on big bank earnings, what to expect when wells fargo and jpmorgan report tomorrow? ♪ matt: good afternoon, i matt miller, fortunately here with alix steel. alix: i never get to sit next to this man anymore. i'm excited. straight to the markets right now, we have a rally underway and it seems to be somewhat stealth. not a lot of news, per se.

in hong kong and 2:00 p.m. in washington, d.c. good afternoon from bloomberg world headquarters in new york, i mark crumpton, here with scarlet fu. scarlet: happy fed day. mark: let's go to michael mckee in washington with the fed decision. michael: there is no change in monetary policy, but the fed has upgraded its assessment of the economy, which many on wall street may take as a sign a rate move is near. the policy makers risks to the economic outlook as nearly balanced. gains ande solid job declining unemployment. a range of indicators suggest the underutilization of labor resources has diminished since early this year. no qualifiers. economic activity has been expanded moderately in recent months. dropping a reference to slower growth earlier in the year. inflation is still below the 2% target, which they blame on transitory declines. energy prices and decreasing prices of nonenergy imports. they still see inflation rising toward the target over the medium-term. the committee anticipates that it will be appropriate to raise t

p.m. in new york, 3:00 a.m. in hong kong. stock market plunges, sending investors for safe havens. where we seeing best opportunities in the bond market. a five-yearing at low, speculators hold short positions on the first time ever. and bugs bunny turns 75 today and there is no sign he is ready to retire. we will tell you who warner bros. has recently signed. scarlet: good afternoon everyone. >> we want to get to straight to the market. you are seeing a selloff in markets. i

p.m. in new york, 1:00 a.m. in hong kong. mark: welcome to the bloomberg market day.s plunge over growths over slowing while facebook surges. sanctions being lifted -- we look at the potential with a hedge fund manager who just returned from tehran. mark: game on for a beijing. the chinese capital chosen as the host of the 2022 winter of choking spite pollution and little natural snow. scarlet: good afternoon. in scarlet fu. i am mark crumpton. thank you for joining us on this last friday in july 2015. little change

p.m. in new york, and 1:00 a.m. in hong kong. mark: hillary clinton is expected to speak. her remarks here in new york at 1:30 p.m. betty: president obama visits kenya and ethiopia this weekend. what he hopes to accomplish. mark: amazon has been pushing regulators for permission to use delivery drones and now they are teaming up with google, verizon, and others to create a special air traffic control system for drones. betty: good afternoon. i am betty liu. mark: i am mark crumpton. thank you for joining us. let's begin with a look at the markets. stocks are falling for a fourth day in a row led by disappointing results from several companies and declines in

p.m. in new york and 1:00 a.m. in hong kong.ernment will submit proposals for economic reform in the next few hours. it could be the last chance for greece to reach a deal and stay in the eurozone. scarlet: we go back to sun valley, idaho. we will hear from the new york times ceo, mark thompson. pimm: we will take a look at what subway can do to limit the damage of the investigation into fogle. scarlet: good afternoon, everyone. matt: let's take a quick look at the markets right now. stocks open higher after the nyse outage was solved yesterday. they have since come back and our trading now around session lows at 121 on the dow. we were up at 200 points on the dow earlier.

p.m. in new york, and 1:00 a.m. in hong kong. mark: this is the bloomberg markets day. the u.s.eats, but oil is on the verge of slipping into a bear market. from commodities to computer glitches, nasdaq ceo bob greifeld has plenty on his plate to deal with. we will ask him about these issues and much more when he joins us in a few moments. --mark: luber gets the green light, but a debate as it becomes the green light over inequality. betty: good afternoon. i am betty liu. mark: i am mark crumpton. thank you for joining us. let's begin with a look at wall street on this thursday afternoon. sluggish international markets are damp rain earnings that u.s. industrial giants and you see the affected is having on ma

p.m. in new york and 1:00 a.m. in hong kong.will janet yellen and the fed to say about raising interest rates? toot september 2 soon? -- soon? discussionde-ranging on the u.s. economy. mark: stephen harper discusses the slowing economy and what he plans to do could spark growth. betty: good afternoon, i'm betty liu. mark: i mark crumpton. thank you percent with us. -- for staying with us. the dow jones industrial average is near its session high. up .5%. the dow jones industrial previous

p.m. in new york and 2:00 a.m. in hong kong. government will commit puzzles for economic reforms in the next few hours. it said that a couple hours ago. this could be the last chance for greece to reach a deal and stay in the eurozone. betty: pimco's comeback. you called their management since the departures of bill gross and mohamed el-erian we will hear from doug hodge. seizing caesars entertainment. good afternoon. i matt miller, here with betty liu. betty: let's get to the market. in the equity markets, we saw the relief valve after the chinese had stepped in -- the chinese government stepped

p.m. in new york, and 3:00 a.m. in hong kong. alix: this is "bloomberg market day."d how long do they expect prices to stay the slow with oil? alix: they didn't win again. the olympic winter games. betty: and we take a look at business could post in iran. ♪ betty: good afternoon, i am betty lou here with alix steel. alix: let's go right to the markets right now. you're seeing a little bit of a deterioration in the stocks. the nasdaq is up. betty: we are off the highs. alix: yeah, we are off the highs. this is the last day of july, so you could see some rebounding going on, and that totally caught me off guard in that respect. betty:

p.m. in new york, 3:00 a.m. and hong kong. >> we have breaking news for you. has to do with the telecom industry. the dish network talks required t-mobile u.s. -- they have stalled over concerns related to the valuation and structure. this story coming from bloomberg news. this calls into question whether any transaction could get done this year or at all. they will soon be turning their attention to a spectrum auction for next year, in which they would either be bidding on wireless airwaves as one company or competing within that auction. that big headline is that dish etwork talks require t-mobile from deutsche telekom have stalled. alix: thank you so much. matt: you are alix steel. alix: and you are matt miller. matt: we did not introduce ourselves. let's go live to janet yellen. shis

p.m. in new york, and 2:00 a.m. in hong kong. betty: you are with the bloomberg market day.y expanded at a faster rate in the second quarter, setting the stage for a also a possible rate hike in june. all eyes are on the next quarter. betty: and there could be a big cost to auto insurers. the owners of oracle are part of the revolutionary birth control program, one that has already made a big difference for unplanned pregnant. -- unplanned pregnancy. ♪ good afternoon from bloomberg world headquarters in new york. i'm mark crumpton here with betty liu. seeing you here. if i had time more. betty: i know, i feel like i should be on the other side of the screen. the stock markets

p.m. in new york, and 3:00 a.m. in hong kong.ll have richard clarendon and hear more about what he has to say, just ahead. hallet: and jake jill and is in an upcoming movie and hear what critics have to say. a new drugseating that could change the lives of millions. ♪ good afternoon, everyone. i am scarlet fu here along with alix steel. tgif! alix: yes, and we are seeing a pretty steep selloff, i might say, the s&p is below that 50 and the 100 day moving average, it is about 16

p.m. in new york, 1:00 a.m. i in hong kong.s get hammered, suffering their worst single day drop since 2011 in betty: the republican presidential race is full of current, and former governors. we will take a look at their records. mark: vice president biden was referred to the 40 yeah word as a third world country. he will be back in queens to make a major announcement involving infrastructure. betty: good afternoon, i am betty liu. and i am mark crumpton. let's look at markets at this moment. sessionoming back from lows after the overnight it presents slump in

p.m. in new york and 1:00 a.m. in hong kong.n union approves a $7.8 billion loan for greece to keep the debt ravaged nation afloat and prevent the threat of an immediate default. betty: we will get inside on solving the debt crisis in puerto rico and will talk with a former governor puerto rico,luis fortuno. mark: paypal is set to split from ebay and we will tell you youthey created functions are probably using without even knowing it. betty: good afternoon. mark: thank you so much for joining us on this friday. let's look at the markets at this moment. ascks are mixed in new york investors are refocusing their attention on the outlook for interest rate and corporate earnings after data showed slow growth and inflation. googs

p.m. here in new york, and 3:00 a.m. in hong kong. alix: this is "bloomberg market day."are joined by ceo of the utility giant con-edison. and: and after -- alix: after 15 years of marriage, paypal and ebay are going to split. arabia, the saudi changing food cold your is becoming a big problem. ♪ matt: good afternoon, i am matt miller here with alix steel. alix: let's go straight to a look at the markets on this friday. oh yeah, we're looking at a record a couple trevor google, but we are looking at a four day winning streak for the nasdaq, it i

p.m. in new york, and 3:00 a.m. in hong kong. alix: it is the bloomberg market day.od afternoon everyone. a look atant to get the markets this hour. you are looking at a triple digit rally for the dow, up by 233 points. this is a very surprising day, because for two days and low we movingosed below the 20 average. we have to wonder why. technically, we were not looking that good. are looking past the fact that greece and china much of an impact and it is all about turning season. alix: even though earnings revisions have come down over the last few months. scarlet:

hong kong. the lights go out and hong kong. it is nine: 12:00 p.m. over there. -- 9:12 p.m. over there.our of trading today, the shanghai composite index closed down 2.2%. leaving investors puzzled over why. there are not real fundamental reasons. we will ask donald, senior managing director of ever core isi joining us from los angeles. we try to find fundamental reasons for all of these moves. is this just gambling, chinese equities? donald: it is worse than that. there was a mania mid june from 2014 to 2015. people started to get on the market on july 4. beijing intervened. a lot of nonmarket interventions -- this market is not a stock market that is driven by fundamentals. it is a government operation. the shanghai market is not suitable for foreign investors because beijing is calling the tune day by day. stephanie: if it is not a market, how could anyone possibly invest? how could they possibly accept its medium as a fair platform for trade? donald: i don't think they should. there are some who do. it is not suitable. 19% of all the shares in the shanghai are halted. no transaction

p.m. new york time. stay with us. the bloomberg market day continues. ♪ it is 2:00 a.m. in hong kong.is the bloomberg market day. faces aexis tsipras hard sell at home. can he get lawmakers to support even more austerity? ministern's foreign indicates there will be no agreement today. we get the latest from vienna. ever ukraine first business form taking place in washington. we will hear from ukraine's energy there. -- energy minister. mark: welcome from bloomberg world headquarters in new york. i am here with the very tall matt miller. [laughter] let's see how investors are taking that pathway to a deal with greece. a little can kick. the dow

p.m.. my thanks to michael mckee and lisa abramowitz. this is "the bloomberg market a." ♪ betty: it is 9:00 a.m. in san francisco and 12:00 a.m. in hong kongmm: we have been following janet yellen's testimony from congress. she says that she see's a number of encouraging signs that the economy is reviving. if the improvements continue, the said will likely raise interest rates this year. betty: that is why economists we will see see w this rate hike in september. we will get back to the testimony, but let us go to julie hyman for some of the highlights from the yellen testimony coul. julie: yellen has been queuing ofto what she said as late about the said raising rates, but not devoting went to that prospect in relatively an relatively optimistic. that if youion start liftoff in terms of beginning to raise interest rates earlier, that might allow for a more gradual path of increases. if