metallurgical coal output for rio tinto is 2.1 million tons. bad timing for the company bhp spun off a year back. isallurgical coal output down third. the world's biggest supply of manganese missed estimates as well, 1.1 million tons. impactedroducers were by week oil prices -- weak oil prices. little change. crown resorts also in focus today with their annual meeting. can we expect anymore information on the staff in china? >> i'm sure there will be plenty of questions on the staff contained in china. they have not had an opportunity to meet with the 18 detained staff. a lot of the questions that the board is likely to take from shareholders is that the share prices have taken a dive off a cliff, crown resorts lucy about 10% of their value. crown in the process of building a very impressive six start of element here in sydney aimed specifically at high rollers. there globally cracking down on the illicit love funds into gambling, this could spend bad news for crown. you so much. paul allen joining us from sydney. it has been a tough year for m

i wanted to mention rio tinto and bhp. citi downgrading from a sell to neutral. ey expect bhp to deliver flat volume growth over the next few years. when it comes to rio, citi thinks valuations are stepped. bhp off 3.9%. rio tinto down nearly 4%. back to you. >> thank you for that. >>> today's top political news, and more accusations against donald trump. details of that straight ahead. switched to sprint. sprint? i'm hearing good things about the network. all the networks are great now. we're talking within a 1% difference in reliability of each oer. and, sprint saves you 50% on most current national carrier rates. save money on your phone bill, invest it in your small business. wouldn't you love more customers? i would definitely love some new customers. sprint will help you add customers and cut your costs. switch your business to sprint and save 50% on most current verizon, at&t and t-mobile rates. don't let a 1% difference cost you twice as much. whoooo! for people with hearing loss, visit sprintrelay.com. >>> welcome back. let's get you up to speed on the u.

joining us is rio tinto's head of diamond sales, patrick opens from london.ut colored diamonds. i know people pay more for them. our pink diamonds for some reason better than just your regular clear diamonds or white diamonds? rarerk: they are a lot compared to white diamonds where they get their value from the absence of color, with colored diamonds you have the opposite, it is the presence of color that determine their value and they are extremely rare. rio tinto is the only mine in the world that produces them in that represents about 90% of the world's pink diamonds and that represents 0.01% of the total mine output. they are incredibly rare and beautiful. matt: these are naturally colored because i know there is a process by which you can color diamonds if you like, but they come out of the argyle mine like this? patrick: yes they do. they are natural, untreated color diamonds which makes them incredibly rare and they are fabulous flukes of nature or if they are not supposed to come out of the ground like this. i am sureing at them in real life they are

last week, rio tinto offered to repurchase up to $3 billion of its bonds.our years of negotiations, a tentative labor agreement struck last week with some west -- by southwest with pilots is in jeopardy. the southwest airlines pilot association now wants sections of the accord reopened. demand pilots typically industry leading paint while negotiate contracts. southwest said it has succeeded in the goal before the delta agreement. unicredit may wait before after italy's constitutional referendum to select a buyer for its global asset management unit according to reuters. unicredit the client to credit. the referendum is slated for the 4.mer for -- december microsoft is lowering prices on some platforms. this comes with a push to bulk up the cloud infrastructure in europe. open data centers in france as it continues to try to win over customers from amazon and google. that is your business flash update. matt: republicans wonder if donald trump can recover from the tough week he had, starting with the debate and ending with the "new york times" report on his t

joining rio tinto on expressed optimism for commodities. strong demand for second against economy, china. the economy that grew by 6.7% in the second quarter. the bloomberg composited he index fell to an almost 13-year low on january 20. check out how the stocks have fared since then. incredible. glencore 235 higher. bph of 100%. 100%.up this is the unemployment rate 2007 resting at a record low. the labor market is losing momentum. there are signs of the wing pressure -- growing and pressure. the number of people at work rose by 106,000 in august down from an increase at 170,000 in the previous three months. the gain keeping the jobless rate at 4.9%. this is important. real wage growth slowing to the early 2015.l since inflation is accelerating with pound and higher oil prices, which could push up inflation about 3%. that will push down real wages. what sort of impact will that have on the u.k. economy? the questions that need to be answered in the next year or so. matt: in the meantime, a quick data check on commodities u.s. nymex crude u

rio tinto says that mongolia will not receive any dividends from the giant mine for 10 years. world's second-biggest mining company prioritizes an underground expansion. it will be one of the top copper mines in the world. >> delivered any dividends to anybody. we should not forget that it is a long-term+++ remember the underground is 80% devalue of the project. -- 80% of the value of the project. to be able to pay dividends, you need to be profitable. until we get to a steady-state which is 10 years down the road, we will not pay dividend to anybody. marcus: that is your bloomberg business flash. they know -- nejra. nejra: it is jobs day in the u.s. investors will be focusing on the numbers out at 12:00 noon u.k. time. rate jumped to 64% ahead of those numbers. valentin marinov is a still with us. let me start with this chart on the bloomberg, the best thing on the fed. what is tracked is the odds of a fed rate hike in 2016. going up along with it. you think we are going to see a little bit of dollar strength in the next three to six months? >> the dollar will continue to ral

rio tinto says mongolia will not receive any dividend.hat is the world's second-biggest mining company. he completed a $5.3 billion underground expansion. this will be one of the top five world, andes in the currently owned by the mongolian government. so, we did not receive any dividends. it is a long-term project. to build the underground, of the valueis 80% of the project. it will take us five years to build the infrastructure and seven to nine years to finish it. to pay some dividends, you have to be profitable. until we get to a finished state, which is clearly 10 years down the road, we will not pay dividends to anybody. is losing somek of his biggest wall street cheerleaders at a critical time. a similar move was completed by morgan stanley. pressure.dergoing he is said to be looking to raise as much as $2 billion in a new round of financing. snapchat has begun preparing, filing for an official public offering in the first quarter of next year. that is according to people familiar with what is going on. the company recently changed

rio tinto says -- receive a dividend -- that is the world's sickest -- second-biggest mining ompany -ble] to anybody -- we should not forget that it is a long-term project to build underground -- remember the underground is 80% of the project. it would take us five years to build the info structure and seven to nine years. to be able to -- you need to be profitable. until we get to a state which is 10 years down the road, will not pay dividend to anybody. sebastian: elon musk is losing some of his biggest cheerleaders on wall street at the time. two of the companies top underwriters. he is said to be looking to raise $2 billion and a new round of risk. snapchat has begun filings for an initial public offering. that is according to people familiar. the company which changed his name to snap inc. could list as soon as march. the health of the tennis economy and the outcome of the u.s. presidential election. that is your bloomberg business flash. guy. guy: rba's green energy business started trading in frankfurt. now trading at 36 dead. this is europe's biggest ipo since glencore listed