anastasia: it takes time.versify is to diversify a customer base, which russia has been doing. tom: as we move up this morning to 66 -- we are not there yet -- why aren't we and the new cycle panicking over the ruble here versus the tangible panic in march? anastasia: we are not in crisis mode anymore. the central bank of russia acknowledges this as well. back in september the rates rose to 17%. today they are at 11%. we are actually passed the worst of the crisis in russia. once again, -- because the russian government implemented fiscal stimulus early in the year, which had lifted confidence. vonnie: what does russia need to improve economically the most? anastasia: it is really oil. if you think about it from the market perspective, what would lift russian performance the most is oil. the challenge with oil is we think we are lower for longer for some time. if you consider break even a year ago, they were between 60 and 80 for u.s. producers. but now the costs have dropped, and the great-evens -- and the br

anastasia: mark there isill believes slack in the economy.lack is being diminished and it's gotten a lot closer. nevertheless, it if you have a gradual path of interest rates, that would start diminishing that slack. accessingmatt, ubs their forecast yesterday, putting out the first hike. no fireworks. in november, potentially february, with the think? i don't think we need to take a view on when that rate rise comes. valuations are not limited to the owning -- limited to own and those stocks. -- two owning those stocks. we know the rate rises coming at some point. i don't think it changes your view on equities. beesley, headhew of local equity -- thank you very much for joining us. coming up, and iranian deal hits a roadblock in the u.s. senate. one leading democrat opposes the deal. we discuss the politics that matter for the u.s. after this short break. ♪ jonathan: good morning and welcome back to bloomberg tv. i am jonathan ferro live from the city of london. message up to speed. german production unexpectedly dropped in june. 5.02% in af

we spoke with anastasia of jpmorgan about the situation. anastasia: if you look at who is most high to the china commodity play, it's latin american countries. fragileed about how the five has now fallen to troubled 10 because companies like colombia and peru are now in that trouble 10 bucket. mark: the composite index fell by more than 6%, the latest move in what has been a roller coaster couple of months. last friday, chinese regulators said they would reduce buying as volatility falls. scarlet: looks like the housing industry picking up steam in the second half of the year. construction rose last month to the highest level in eight years. of 1.2 million homes beat analyst estimates. buyers are being attracted by low mortgage rates. the largest auto retailer in the united states is getting bigger. autonation has agreed to buy 16 car dealerships are presenting more than 600 million enable sales. -- in annual sales. 's operating income has risen by double digits the last five years scarlet:. view cable run trials on an electric road that wi

. >> i differ from anastasia a little bit here. a here. as applied to the story goes back to the super cycle in the early part of the 21st century where we put a lot more online will now begin the process of working through that. china scares off for four or five years in the post recessionary. would have to do with ramifications. sandra: glassware to anastasia. >> commodities or overreact and the notion of china is slowing. the chinese government has to boost the quality of life of the average chinese can do bar. 75% gdp growth. there is a level of support there. >> we will leave we will be that bad and revisit it in a little bit. forget carving out seven hours of your day. one company with a check to make the jet a supersonic speed. you never believe how fast they can get you there. take a look at the other top stories in today's "wall street journal." u.s. and turkey with both sides reach an understanding to keep kurdish fighters out of a proposed safe zone. oil and gas said delisting investors as funds take after wagering a rebound in

we spoke earlier with anastasia amarosa about the situation.ok at who is the china play, it's latin american countries. the fragile five is now fallen to a troubled 10 because countries like colombia and peru have everything to do with the china commodity trade. they are in that troubled 10 bucket. mark: the shin sang composite held by 6% which is the latest move in a roller coaster couple of months. the chinese regulator last friday said it would reduce buying as volatility falls. authorities in indonesia are hoping the discovery of a plane's blackbox will determine why the indonesian flight crashed into a mountain on sunday. all 54 people aboard were killed and more than 70 rescuers reached the crash site today after being hindered by rugged terrain and bad weather. all of the bodies have been recovered. russian president vladimir put taking a small submersible craft the bottom of the black sea to see an ancient ship recently discovered off the coast of crimea in another of his well-publicized exploits. he went scuba diving and brought potter

the rules of what'st ♪ possible with the epic hp x360. [ cheers and applause ] >> jimmy: that is anastasiato her. our next guest is a talented actor and singer who shares a name with cheese and is funny in the movie "train wreck" in theaters now. please say hello to brie larson! [ cheers and applause ] ♪ >> jimmy: how are you doing? >> that's nice. >> jimmy: what was nice, the belly flop competition? >> no, the applause. >> jimmy: oh, the applause, yeah. well, you know. [ cheers and applause ] to be honest there's a sign that tells them to do it. >> oh. >> jimmy: it's not all them. i have one at home too. >> i would get one for home. >> jimmy: you don't need one if you have a baby. they clap when you come in. they hit 11, they ignore you and look at their ipad. >> at 18 they forget you exist. >> jimmy: oh, at best. at best. sorry there's animal hair and stuff all over the place. >> a lot of residue. >> jimmy: have you worked with animals in film? >> i have. i just worked with three. i was so excited to work with them. three sisters. they are sausage dogs. >> jimmy: i thought -- three siste

parishioners travel to saint anastasia to see and pray to the statue.oly figure has been on tour around pennsylvania, the statue was sculpted back in 1947. it has traveled the world. it is based on the accounts every three portuguese women who said they saw the virgin mayor any 1917. the statue will be on display in saint francis today in springfield township. if you are so inclined. >> well, he's 93 years old. and in the a thing in the world is slowing him down. >> you got to see this swing, right? this is felix. a golf olympian, he even had to compete against players much younger than he because there is no one near his age. the nature sieve twice a widower, just married his third wife in november. so, what's his secret to staying young? >> well, like i usually tell everybody, chase young woman, you can never catch them but it is good exercise. >> keep chasing them, felix. you can't catch them, just keep chasing them. >> for every guy out there, that's words to live by. felix says as long as edge breathe, he will keep chasing the ball down the fairway

lady of fat tim ma said to bring miracles to wherever it travels and parishioners flocked to saint anastasiao see the statue holy figure has been on tour around pennsylvania. the statue was sculpted back in 1947 been it's traveled the world. it's based on a accounts of three portuguese women who said they saw the virgin mary in 1917. the statue will be on display at st. francis of a sissy tomorrow in springfield township. >>> a night for police to meet and hang out with the families of their community in upper darby. a second year in row department is hosted a kids movie night on the big screen set up at the second ward play ground. that's penguins of madagascar. they offered up free water ice to children and their families. >> a woman walks into a starbucks and runs out in shock. she says she found a camera in the bathroom watch police say happened seconds after she left. >> chaos inside a courtroom. men in handcuffs and all out brawl. what spark this beat down right in front of the judge. >> plus, cheers to the pope. the new philly brew a local company hopes is hash tag blessed. >> all rig

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brendan: we went back and forth with anastasia amoroso yesterday and she is not bullish on russia, buts russia can rebalance. i do not know how long that takes. tom: where is the copper? , where the katia copper is? they are building up the surplus in china right now. tom: where is all the copper? katia: we do not know. but in chile, the cost is breakeven. they are basically at breakeven. if prices stay at these current levels, mines are going to have to close in chile. it is 50% of their exports, mining. fishhave other exports -- -- but -- tom: 10 seconds -- which is a better city to visit, santiago or point of sarah's -- or point aires?h'-- or buenos vonnie: top photos -- this device is for you. the no-frills area camera. it is a drone like device that attaches a gopro camera. jeff bezos is walking around amazon with this. brendan: here is what i am amazed by five years ago i had a friend who works for the discovery channel. they spent billions of dollars -- millions of dollars on devices like this to film great white sharks. now you can take it out of a can and it costs what? vonnie

anastasia will join us from morgan. we will touch on russia and the fed. interesting economics as get housing data today. francine: tom, thank you so much. looking forward to "surveillance" in 25 minutes from now. manus: harmony gold has posted a net loss for the three months ending in june. he company's c.e.o. joins us now live from joberg. you're making a promise to the market. you're taking some write-downs in this quarter. you're making the promise that all operations are return to profit next year. my question to you will be this. how sure can we be that the writedowns on your assets -- can you assure the markets this it is worst over the writedowns? >> i think we can be fairly positive on that. obvious lit depends on the gold price and what happens there. we assume sort of -- going forward and it dependses a lot n input costs. we really restructured, there is always more room to look at some cost reductions but we are pretty confident going forward. manus: one of the things on tying your story up, you're a high-cost producer. therefore i have to chal

let's bring in wall street journal columnist mary anastasia o'grady. 3.7% annualized growth in the secondthis year. started a big new expansion. mary. >> well, it's a great number, and i'll tell you why it sounds so great. in 2008 and 2009 we had a recession, right? we had a big attraction in 2009. in 2010 the economy grew at a meezly 2.5%. since 2010, that is 11, 12, 13 and 14, we have not had even 2.5% growth. in the first quarter of this year we didn't even make 1%. what's expected is we're going to come in somewhere in the 2% range, which is not enough to satisfy the huge number of people that we have unemployed or underemployed. we should have had a very strong rebound off such a big attraction. we never had that. i would say that the economy we're happy about what this number, but i don't think we should overrate it. the fed is still keeping interest rates very low, and it can't do what we need. and that's to tax trade regulatory policy and be more attractive to investors. >> is america still the best place to invest? >> well, i'm feeling more optimistic after this quarter because a