first word news with nina melendez. nina. nina: thank you. wanda's expansion plans under threat.ay funding could be denied with the come warmer it reaching restrictions on investment. retaliatory measures may include banning banks from providing funds and barring wanda from selling assets to local companies. emirates saysb there is little likelihood of a speedy resolution to the qatar crisis because the saudi-led alliance once a deal that will endure. the foreign minister says the block needs a clear signal that qatar will re-examine its position on extremism. the group is demanding though the cut ties with iran and al jazeera network. to pay financial guarantees. documents seen by bloomberg state they do not have to set while the casen is being tried. 21 people linked to the nine faced charges, including murder. 19 people were killed when the dam collapsed in november 2015. the new king of thailand has greater powers over what is reputed to be the world's richest oriole fortune, estimated at more than $30 billion. the crown property bureau is placed under the king's direct contr

i am nina melendez. this is bloomberg.vonne: two more republican plans to repeal health care dead in the water. a replacement for obamacare failed to gain enough support for gop senators, as mitch repealll's suggestion to first and replace later. joe, good to see you. they are bending the obama replacement and going straight to repeal now. how much of a setback is is for republicans and the administration? joe: it is a major setback. they are going to the repeal, but mitch mcconnell does not have the votes to get a repeal-only bill through the senate. senators have said they will not back it. that effectively killed the. have --also going to deal a blow to the rest of their agenda. they still have tax reform, infrastructure. thethey do not have all details on those measures and time is running out. does notbe that trump have any major legislative accomplishments. betty: what about obamacare? will it just a as it is, then? joe: most of the regulations in law or in the law, so they would require action by congress to repeal

betty: first word news with nina melendez. nina: china is said to be raising the heat after asking anbang insurance to sell its assets abroad. they want to bring proceeds back home. those assets include the waldorf astoria, bought by anbang in 2014. anbang responded, saying it has no plans to sell assets and all operations are normal. india is set to reject shanghai's proposed $1.3 billion takeover of a company which would have been china's biggest ever acquisition. lawmakers are said to have -- achieving companies have yet to be informed. india and china are locked in a territorial standoff in the himalayas, and the decision may see beijing respond. a proposal to merge the cable provider with sprint was rebuffed. it is said to be considering a plan to buy charter outright. softbank shares gained more than 2% in tokyo, giving it a market value of 89 billion. hong kong sods biggest monthly advance since january with chinese investors piling into stock as liquidity tightens on the mainland. the hang seng extended the rise to more

i am nina melendez. this is bloomberg. anchor: nina, thank you.are counting down to some of the major market opens in the asia-pacific. let us bring in adam haigh, joining us from sydney now. adam, good to see you. bond market into her steadied. equities looking to a fairly muted start. we are looking for the next catalyst, earnings. yeah, yvonne, that is absolutely steadying in the bond market. it has been a tough two weeks in that selloff, so that will be comforting. say, you get the next key piece of information coming from corporate's themselves and back to company fundamentals, which will be very welcome for equity investors. bear in mind, expectations are very high going into this earnings season. in the u.s., often by this time of the year, we have seen the expectations being operated a fair bit, and that has not happened this year. with expectations high going into this, that does leave risk of disappointment and the s&p, very close to those record highs , and global equities performing very well. so that is very key. also, we do hear from

i am nina melendez. this is bloomberg.vonne: republican efforts to repeal obamacare have cleared one hurdle. lawmakers finally agreed to begin floor debate on a bill to overhaul health care. it was a razor thin victory, mike, vice president providing the tie-breaking vote. we are joined now from washington. joe, good to see you. if you asked about this a week ago, they would not have even imagined this could happen. the big question is, what is next? we are not sure what we will be voting on. morning. yes, it is still unclear what they will be voting on. in any event, the senators are facing a long week in washington. the next steps will be for them to begin considering amendments to an existing piece of legislation, which will essentially be wiped clean. the senatenell, majority leader, still expects to get a final vote by friday. to do that, he will have senators in there probably all night thursday in through friday morning, voting on multiple amendments, as they are offered both by democrats and republicans. it is uncl

first word news with nina melendez.president trump + jerod -- president trump's son-in-law jared kushner has denied involvement in the campaign. at a presswo hours briefing to kushner confirmed he did not act with impropriety. >> i did not collude with russia, nor do i know of anyone else in the campaign who did so. i had no improper contacts. i have not relied on russian funds for my businesses. and i have been fully transparent in providing all requested information. nina: google's parent alphabet tumbled after hours as second-quarter revenue met forecast but missed most optimistic estimates. shares were not helped by the company thing the price of google ads declined. the chief financial officer says the biggest country bitter to growth was mobile search, an area the company expects to improve. aimedrkish president has at resolving the region's diplomatic disputes. he flew in from kuwait after having visited saudi arabia and says he supports initiatives to end the crisis. turkey maintains a military base in qatar. pr

now to your first word news with nina melendez.finance minister is strengthening his political power base bridging factions in the diet can give more control over the ruling dip -- liberal democratic party. he pledged support for prime minister shinzo abe after the bruising defeat in local elections. that may force him to rethink policy, including his ambition of rewriting japan's pacifist constitution. japan and the eu say they are close to a free-trade deal that would bring together two regions that account for more than a quarter of the world's economic output. eu trade commissioner told reporters the basic deal is in place and an announcement could come on thursday. japan wants to remove levies on auto exports, but the eu wants tarriffs lessened. there seems little chance of sales matching last year's record in the auto market. deliveries are expected to fall 16.5 million vehicles, which would still be one of the best years in history. most automakers saw better sales than expected last month after a five-month losing streak. t