. >> the trentonian reports on the city effort to buy and install new parking meters at the cosco, $1.20% of trenton 's 990 meters are working, and they're described as out-dated and only except coins. >>> and the delaware news journal reports, pokemon go players will no longer be able to hunt for characters in new castle battery park after dark that's following complaint from neighbors, develop verse agreed turnoff the game to users between the hours of nine p.m. and 7:00 a.m. >> and that's a look at some of the newspaper headlines from around the delaware valley. >> and this may be the final year for the pumpkin chunking fest in delaware. >> organizers say they're running into a lack every funding. science channel pulled out as an air cannon trap door blew off, striking a woman. organize remembers hoping to find new sponsors. >>> well, still ahead, parents in one school district are upset about a letter they received this week. >> yes, find out what it said about lunch that's got them somewhat happy. plus this. >> i'm kevin frazier, coming up, part of dysfunctional family, in the big

the judge ruled against cosco and is ordered the store to pay $19.4 million. o is planning to appeal. >>> a bay area high school as part of a lawsuit against harvard university. monta vista high school in cupertino which has a student body population of about 80% asian americans is one of four high schools in california being asked to turn over their records. the lawsuit claims harvard is discriminate against asians in its admissions process. lawyers are trying to prove that asian americans need to score 140 points higher on sats over other students who apply. >>> generous donation from a former california governor. the money he is committing in the wake of the attack in charlottesville over the weekend. >>> a new commuter rail option being proposed. the plant that could connect redwood city in fremont in the form of a new rail network.>>> we can see that traffic is off to a decent start this morning on interstate 80 heading west to the macarthur maze.>>> ever weather is off to a decent start but it is cool. a lot of low 50s in the north. things will slowly cle

win for tiffany, a judge ruled that the famous jeweler can recover more than $19 million in damages from cosco. after the warehouse chain sold diamond engagement rings, bearing the tiffany name that were not actually made by the famed jeweler. cosco had argue that i have any had become generic term and says it will appeal the ruling. >>> americans are saving more for retirement, new study by bank rate. com says nearly quarter of working americans increase their retirement savings this year compared to last year. that is the highest hike in six years of polling. young millennials are leagued the way with 30% saving more in the past year. >>> and, classic cup of noodle soup is getting health conscious. there are now three new versions loaded with veggies, enough to call full serving, new products have been carrots , broccoli, more, the move part of customer's rising demands for healthier ingredients. jim, rahel? >> doesn't it have a lot of salt in them? >> sodium. i believe that. >> but now you got some -- >> but they tried to, yes, right? but i believe they did lower the sodium content. >> okay

the judge ruled against cosco and is order the store to pay $19.4 million. cosco is planning to appeal. struck a donation from former california governor arnold schwarzenegger. the money he is committing to promote tolerance following the violence in charlottesville over the weekend >> reporter: there is a new push for a commuter permit rail -- computer -- commuter rail near the dumbarton bridge. >>> if you are driving this morning you will see the bridge traffic from oakland to san francisco is crowded but still looking pretty good on the way into san francisco. >>> our skies are crowded with low clouds. the higher clouds are gone but cooler air has settled in. it does look walmart for the forecast today. >> feel free to bust a move, pam. a beautiful shot looking at at&t park. i believe this is from the east bay. clouds today but things are breaking up a little bit. yesterday it was gray and chilly. >> i was down in san diego. everyone was talking about the june gloom and how it's lasted into august. it was really weird. the sun did not come out until 2 or 3

cosco says it was using the name tiffany as a jenner eric term.nd titled to $19.3 million. that includes triple the loss in profits. tiffany end curds from cosco actions but interest and more than 8 million in damages. >> do you think people thought they were buying a tiffany ring at cosco? >> ya, when you see the name tiffany it, better be tiffany. e hopping same dayiv it tails. acquired grand software. plan to get them and deliver more item on the same day those. >> well, good news for college student,getting healthy make ov. >> the company has released three newla veggie soup. now custom letters finds vegtables likebroccoli, corn in, also lowered the amount of sodium, last year, acustomer der ingredients. 51 this morning. >> nora o'donnell joins because preview. >> reporter: good morning to you, rahel, jim. good see you, new signs, white political strategist steve band's job can be in ar to distance themselves from the president, after he didn'timmedc hate groups. >> plus we will take you inside the operations center this hunting dru t high sea

they note this is the next competitive future. coscoo have to bring in that expertise and the bigger vision of how to mobilize this as the market is disrupted. carol: let's go to the finance section. what a difference a few years makes in terms of what street bankers. what is more important? cutting taxes or reducing deficits? megan: i always knew that when you talk to any rich person, let alone a wall street banker, the number one thing is tax reduction. they might collect tax reform, but we are looking at tax reduction. people think their personal taxation is too high but the corporate levels of taxation is way out of wack with the rest of the world and they are right. we have accommodated tech system -- a competent tax system in this country where rates are high and loopholes are used for different companies and sectors. we need to make that more competitive. it is something we have bipartisan agreement on. but how are you going to pay for making those cuts? that's where issues of balancing the budget comes in. i don't hear about red

. >> well, coming up in the next half hour of "eyewitness news ," the reason cosco has been ordered tod millions of dollars to tiffany jewelers in plus how a dorm room stay sell getting a healthy make over. details on live report from wall street. >> then, actor ryan reynolds is reacting to a stunt woman on his latest movie. we'll tell you what went wrong >> and it is another shake upcoming to the white house. we'll tell you the latest name that could be on the chong block. katie? >> and rahel, as we get one day closer to the upcoming weekends, you know right now it looks as though there is the possibility of a shower, you know, looks pretty minimal at least. so i expect we'll see at least some sunshine both days for sure. meantime saturday specially little steamy as we flirt with zero nine for yet another day. we'll have the rest of the forecast right after the >>> good morning, i'm rahel solomon. >> i'm jim donovan. katie and meisha will be along in just a moment. first, what you need to start your day in the morning minute today is august the 15th, tuesday. >> a rude awakening for d

cosco plans to appeal. >>> broken glass in a bar parking lot, why the agency is challenged in dealingh the problem. >> rosemarie will show us when we will break out of the cold spell. people love my breakfast burritos. and my french fries. wait! what if i put them together?! a burrito stuffed with scrambled eggs, creamy guacamole, bacon and crispy french fries. i'll call it the california breakfast burrito! boom. someone got that, right? scrambled eggs. guacamole. bacon. french fries. you'll call it the california breakfast burrito. boom. good work everyone. another winner. introducing my new california breakfast burrito. only at jack in the box. >>> people gathered in union city to discuss a proposed plan to build a commuter rail line. the plan is to connect up and down the peninsula to the express along the east bay. the idea has been around for several years. facebook picked up the idea after expending the campus. commuters say that a real line could help with increasingly poor traffic. >> we have to wait until 7:00 to go home because the traffic is bad. >> it takes is 1.5 hours to

we see them ramping up, they know this is the next competitive future. coscoin that expertise and the bigger vision of how to mobilize this. carol: let's switch on over to finance. x reduction. they may call a tax reform but it is reduction. people think their personal levels of taxation are too high but also corporate levels and the way our system works is out of whack with the rest of the world. they are right. we have a complicated system in this country where the rates are high and loopholes are used for different kinds of companies. it is incredibly complicated. we need to make it more competitive. that is by -- there is bipartisan agreement on that. how will they pay for those cuts? that is where this issue of reducing the deficit comes in. i don't hear so much anymore about reducing the deficit. carol: remember when that was all anyone would talk about? megan: there are different prrities. people believe that giving conference of tax reform will be a spur to american business growth, international business growth, allowing manufacturers and other kinds

what they do not take it to the stores. cosco loses its shine in ruling the company has to pay up over at tiffany rings. on reprints of his own color. pantone unveiled a new shade of purple to remember the music legend. all those stories coming up a political analyst kirsten haglund is here. global economics editor jon hilsenrath and rasmussen report, amy holmes is joining us this morning. good morning to you. is >> good morning. >> great to see you. train to the president coming out with strong words. your thoughts on the story at the moment. >> i take two things from this. it is striking how ceos are coming again out of his manufacturing council. if you're a company running a public bread right now, you really have to be careful about your own brand's reputation. that is something worth watching today. trade to kevin from underarm or did not actually say this is the reason why, but it was surprising to see him. that is our top story. president maria: said an executive order on environmental reviews for infrastructure projects a

potentially life- threatening condition and was in the hospital for 10 days but is expected to make a full recovery. >>> a woman in utah is suing cosco and said she ate chicken salad that made her seriously ill and she claimed the salad was tainted with e. coli and led to severe health problems including epilepsy and even kidney failure. are lawsuit claims she racked up $2 million in medical bills and still struggling with her health two years later. she is among 19 people in western states, including california, that became ill after eating chicken salad tainted with e. coli purchase from cosco. >>> the tiniest baby ever born at the maryland hospital is home and weighing only 12 ounces, that is three quarters of one pound, born prematurely back in march. her mother had been pregnant for only 24 weeks, 4 1/2 months. take a look at this foot, that little tiny foot in that hand tells you how little she was. the mom had a medical condition and she was delivered very early and here's the picture of baby arianna now, for pounds and still three pounds less than most newborns and could still face physical or intellectual challenges. she is

the money news right now. it may sparkle, but it is not a tiffany ring. coscoudge ruled yesterday that costo must pay tiffany more than $19 million. the jeweler accused cosco of selling diamond engagement rings with its name on them. but cost coy says it plans to appeal, arguing that i have any is a gentier -- generic term use today describe a certain style of ring. >> delivery getting faster for amazon prime users. the company starting new service called instant pick up. letting prime members get their orders in two minutes or less from one of its five pick up locations, items include smacks, drinks, some electronic accessories, but, you're going to have to wait for now. because none every those locations are in our area yet. amazon says it is working on expanding its become up locations. >>> keeping you safe while driving. septa may soon be in your hands. how philadelphia's transit system is going high tech with its security system. >> ♪ >> ♪ >> ♪ for 100 years, heritage and innovation have made gillette the #1 shave in america. now get gillette quality at lo

. >>> the woman in utah is suing cosco after eating salad she said made her seriously ill and the chicken salad was taken with e. coli leading to severe health problems including epilepsy and kidney failure. the lawsuit claims sheet wrapped up -- racked up $2 million in medical bills and one of 19 people in western states that became sick after eating chicken salad tainted with e. coli purchased from cosco. >>> walmart has a new smart phone app to let customers skip the checkout line and to purchase things using their phones. walmart tested the "scan and go" app four years ago but pulled it when people said was not user-friendly. they now have a new version testing and texas, arkansas, tennessee and no word when it will be in california. >>> meeting with officials in nevada and the dmv, and the department is working with the chp on regulations that would cover testing vehicles weighing over 10,000 pounds, the next addition to the test the lineup . >>> uber eats launched and sold today and before the had very little presence in south korea and they withdrew the flagship uber x flagship rid

the ring about it just means that rail? >> cosco questionable. ed tiffany may recover. at least 18 points for a million dollars in damages over its sale of counterfeit diamond rings bearing the tiffany name after tiffany sued costco on valentines day back in 2013. costco says it plans to appeal calling the decision a product of multiple errors. costco argues tiffany had become a generic term. i'm not sure how it's become a generic term. cheryl: this study might be what they are talking about. a rest now and can make sure that the "game of thrones" bleak. reporter: i want to be clear. this is not part of the larger hack we've been following. police have contained four people allegedly stealing an episode of to the throne in leaking it online before it premiered on hbo. before people are current or former employees of the company that is hbo's pay-tv distribution partner. as i said, this is not part of god. lauren: that is the episode with record viewership. reporter: i do believe so. >> it didn't work yet people still tuned in. good for hbo. is che

you can see there are cameras all over the place out side this cosco. we counted at least six cameras in the entrance. police are hoping someone will recognize the suspects or the vehicle used in this robbery. nevada police released the video last night and it shows the robbers rushing into the store through the exit door and making their way to the jewelry display case. this happened just after the store opened on sunday morning. three robbers were hoodies and surgical masks and smashed a display case with a hammer. the robbery was quick, the suspects sent 15 seconds to does toasts -- to with they could. the suspects went to a dark- colored sedan, salah abdeslam to a chevy sonic with paper dealer plates. the suspects then took off. people in novato are saying they hope the video leads to an arrest. >> hopefully the video will help and the police will stop this. >> reporter: you heard about this possibly being a ring. this is the latest robbery fitting the same mo. robbers took down the costco and foster city in june. the suspects also wore masks and use

. >>> new developments in the investigation into another robbery edit bay area cosco. ease lease -- this newly released surveillance video. and how the robbers got away. >>> there is a new chain of command at the white house. i will have details coming up. >>> good morning. it is getting my credit out there but here in san jose, they have managed to avoid the crowd. we will talk about the east bay freeways that are very crowded. >>> or some, today will be very hot especially in clearlake and ukiah. mostly clear here. patchy fog and a few high clouds. we will talk about that coming up. did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's up to 16 times faster than slow internet from the phone company. say hello to faster downloads with internet speeds up to 250 megabits per second. get fast internet and add phone and tv now for only $34.90 more per month. call today. comcast business. built for business. >> reporter: dramatic robbery

we are also keeping and i on cosco shipping after return to the black in the first half. when you look at the rundown for energy, the likes of jumping over 10%. , this stockut jumping the most in's january 2016, leading gains on the hang seng so far today. on the other side, laggards down over 2% this morning, dropping after its results. a last look at the shanghai composite, marginal gains, but telcos leading the drop there. consumer staples of .3%. discretionary stocks marginally higher after galaxy entertainment's earnings. earnings driving the movement we see for hong kong and chinese shares. rishaad: earnings and economic data. well, indeed, let's get to first word news from paul allen. china shows stability with the official factory gate strengthening and august. from 51.4 last month and ahead of estimates. the economy showed cooling in july, but an offense from the turnout for exports and strong domestic demand. we will have the private caixin reading and about 15 minutes. president trump threatens to dump nafta. sonny perdue has been trying to convince the adminis

the grand jury the grand jury molar has convened. coscoeportedly stopped doing business with the california trucking company accused of trapping drivers in debt and forcing them to work overtime. the transportation, one of the biggest port trucking companies in southern california. kathy griffin has taken back her apology for posting with a fake severed head of president trump. in the photo shoot back in may. >> are no longer sorry. but what outrageous bs. it it got so blown out of proportion. i had chelsea clinton tweeting against me. i had friends, debra messing from will increase tweeting against me. i lost everybody. cheryl: originally griffin had apologized and said her photo had gone too far. guess she changed her mind. lauren: she also said her supporters are hard-core. president trump got a first-hand account of harvey's devastation as he responded to his first national disaster as commander-in-chief. today he pushed for tax retorted the one to get that done by the end of the year. kristen kaye, governor got one at a democratic str

>> best of the bunch, cosco and wal-mart. vidend has been cut, cutting stores, that's the time to get it. value stocks become often more value stocks, great company, not a great stock. maria: buy low. got it. jonathan there. fiat chrysler joins forces, details on the collaboration. breakfast with a twist. new egg shell wrap from taco bell. back in a moment. maria: welcome back, the momentum, markets expected to be up 50 points in the dow jones industrial, 20 points in the nasdaq. a couple of names we are watching, fiscal systems, fourth-quarter earnings after tonight. sixty-one cents a share. shares up 5% this year. fiat chrysler one to watch, automaker teaming up with alliance led by bmw to help develop self-driving technology, bmw teamed up with mobile i, shares unchanged right now. families of the 22 people killed during may during ariana grangre will receive help. cheryl: $24,000 from the we love manchester fund. set up in the aftermath, raised $23 million for member of the public. family will get smaller amount, all proce

the world. >> big box store cosco ordered to pay up big time. one describe their jewelry, they owe millions to another brands. >> devestation tonight in see era leone, in west africa, more than 300 people are dead after a mud slide there. officials say at least 600 others are missing, homes burried, rescuers digging through mud and debris and are hopeful they'll finds survivors. two people were pulled out alive today. many areas have poor drainage systems there. they say de forest station is one of the leading factors of floods and mudslides. >> the city of philadelphia and the fraternal order of police have agreed a three year contract. the panel of three arbitrators ruled today to sign off on the $245 million contract. which will give police officers a 3% raise each of the next three years, agreement comes after the last contract expired on june 30th. >>> now, philadelphia mayor jim kenney has announced a new partnership in the sit. >> i between the philadelphia marathon, and the american association for cancer research, the goal to use the po

the carbon spending is dragging on u.s. growth after years of intervening to its expansion. coscoounder of the company has passed away. a statement was put out saying he passed an earlier today. to 75.aged 74 joe: coming up, what you need to know for tomorrow's trading day. this is bloomberg. ♪ scarlet: "what'd you miss?" nasdaq closing at a record high and after the market closed, apple reported guidance was still encouraging. apple shares up. julia: got my apple ready. scarlet: don't miss this. user bank of india announces its decision at 5:00 tomorrow morning. joe: loretta mester and john williams both speaking tomorrow. julia: earnings on tesla. scarlet: a programming note. be sure to tune in as we are joined line at 8:30 a.m. new york time. do not miss that. joe: that will make headlines. scarlet: bloomberg technology is alisa: i'm alisa parenti in washington. you are watching "bloomberg technology." president trump is standing by his eldest son on the accuracy of his statement regarding a meeting with the russian layer. that is after reports that trump himself dictated the j

and the fact that they have of overhead out of their cost structure. trying to compete with coscomart is not something you are going to succeed at doing. walmart is into the delivery just as amazon is. aey have been doing it for long time. i think it is only like 2% of the grocery business so far. julia: it is going to be fascinating to see how this plays out. still ahead, the effects of harvey across markets. we see longer-term impacts, particularly with oil and gas? we will discuss, from new york, this is bloomberg. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. from bloomberg world headquarters, this is "bloomberg markets." commodity markets are closing and tropical storm harvey is a -- we hav

states including california, who got sick after eating chicken salad from cosco. >>> a new app helps customers make purchases on thene. the scan and go was tested for years ago and it was pulled because it was not user- friendly. they have a new version - - they have a new version hitting multiple states. there is no word when it will come to california. >>> antiterrorist soldiers in france hit by a speeding car in another act of terror. >>> a surprise in a san francisco home, history uncovered by electricians. >> > we met with an open family living out of hotel rooms, and we are finding out how they ended up homeless and how they are coping with this problem. more on that coming up next. stay with us, we will be right back. ♪ strummed guitar you can't experience the canadian rockies through a screen. you have to be here, with us. ♪ strummed guitar travel through this natural wonder and get a glimpse of amazing. with a glass of wine in one hand, and a camera in the other, aboard rocky mountaineer. canada's rocky mountains await. call your travel agent or rocky mountaineer for special offers now. ♪ hey, is this our

cosco, dollar general most of the time has been really good, ross and tjx, those guys are doing well.l, you can do well in retail. if you look at the landscape, you do not see very many people -- and i cannot think of anybody doing a really good job in growing with this omni channel approach -- there is growth and physical and in digital. put them together, and they tend to inflict with each other on the pnl and in operations. i think cosco's strategy is a good 1 -- i think costco's strategy is a good one. physicalig a share and by being good at what i do. david: bill simon is going to stay with us. on the bloomberg terminal, check out tv to watch as online and interact with us directly. live from new york, this is bloomberg. ♪ david: this is bloomberg. the nation's ceo's have had an off and on relationship with president trump, starting the year with high hopes for tax reform and infrastructure spending and health care reform. but some ceo's it appeared to be disillusioned at this point. still with us is bill simon, former walmart u.s. ceo, joining us from kansas city, missouri.

that is one of the four children that developed a potentially life-threatening condition and hospitalized for 10 days but expected now to make a full recovery. >>> a woman in utah is suing coscoeriously ill and the 20-year- old woman claims the salad was tainted with e. coli and gave her epilepsy along with kidney failure. the lawsuit claims she racked up $2 billion in medical bills and is still struggling with her health two years later. she is one of 19 people in the western states including california that became ill after eating chicken salad tainted with e. coli purchased from costco. >>> walmart has a new smartphone app that lets customers skip the checkout line and buy things on their phones. walmart first tested the new scan and go app four years ago but pulled it because people said it was not user-friendly. now walmart has a new version they are testing in texas, florida, arkansas and tennessee, and no word on when the app will come to california.>>> tesla is moving ahead with plans to test self driving big reds and officials met with authorities at the dmv yesterday in sacramento and with nevada officials and the spokesperson said the department is working with the

on the other end, we like value -- t.j. maxx, ross stores, cosco.nie: oliver chen of cowan and company. thank you. oliver: thanks for having me. vonnie: we want to bring you an update on an unfolding story -- that mowing down tourists -- on las ramblas. catalonia police confirm there were deaths in the incident, and the search is underway for the perpetrator of the attack. various reports have called it a terror attack. author reason not confirm the motivation. they do, however treat the attacks as terror attacks until they know more. there were also early reports of a shootout at a particular market. officials say that shootout at that market did not take place. this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn. we want to bring you an update on our unfolding story -- a van mow down kardashians in -- on las ramblas. local media reporting the driver of the van had fled and was hold up in a nearby restaurant. policing there are multiple deaths and injuries in that massive -- that is there were -- mowing down of people. we'll br

the online retailer known as boxed. you can shop for bulk for less from your couch. >> boxed is an online warehouse club. we sell only large items, it's like bj's, sam's club in cosco itself. we deliver to your door. in this area overnight. >> last year they rang up a $100 million in sales, double what it did in 2015. the secret to the successes and just what's inside the box. >> we have a strict policy of treating our employees like adults. >> that means unlimited maternity and paternity leave. as well as paying up to $20000 for an employee's wedding. the co offered to pay for college tuition in full of the employees kids. >> of full-time corporate employees we have lost less than ten or so voluntarily. so if you think about the money that we save on lack of headhunting fees, increase morale, and lack of retraining needed for turnover, it's working out. >> for chasing news, i'm diana. >> i want to bring back our panel. jeanette, matt, jay, i don't know what to say. it seems to me that is completely wasteful. you can almost thrive on the turnover. >> you're married, bill. you do say stuff for your wife t you don't necessarily do when you're dating. after you get ma

all the competitors from wal-mart to kroger to cosco, replenish quickly. ake care of the customers in the sunny state to sauce from florida to new york steak to new york state, completely wiped out back to school. texas, complete chaos. stuart: target number one missouri. the richer list in your second on the list at amazon whole foods. we are not used to hearing negatives about amazon good >> they can make deliveries for amazon, but more importantly global foods that target don't have what is called inventory of local and regional in terms of warehouse systems at the southern key competitors are the stores are too small. they don't have bathroom stocking on the shelves are deficient in a postal wins in the stores is that of having extra inventory covers those saloons don't help before, during or after storms. train 2943 is the price, down 110 bucks. that is the significant drop. number three in your list, targeted loser, amazon whole foods is. dollar stores, with the problem? >> the stores are too small so they get blown out of inventory and about 24 hours

chain that amazon just bought, kale got a little cheaper and so did the stock price of retailers who face a price war, kroger's, coscowal-mart, that is the amazon effect. that's today's prices, they went down yesterday, got it. in the food industry, amazon is amplifying a trend that's already in place. the shift towards fresh and away from process. as amazon drops the price of kale, i'm joking now, investors dropped the stock of the most famous food brands in the world. nonetheless, that's chips ahoy, trident gum went down, ready whip, tang, remember that, down. kellogg's down, nestle, kick kat bars, down. peanut burt -- butter. down. just about anyone in the world is dominated by the processed food giants and they're all feeling amazon's heat. imagine that. one american company buys one fresh food chain so when jeff speaks, the world listens and nobody wants to hear that jeff is next. the second hour of varney & company is about to begin. ♪ ♪ ♪ stuart: gary cohn drafted a resignation letter. ashley: colleague from john roberts at fox news. when mr. cohn as you can see standing awkwardly in press conference in lobby

million.e $282 one in toased cosco buy it for $6 billion, vaulting into the top three box carriers worldwidee to come in the next hour of "daybreak asia ." we look at the data that could provide clarity on how narendra modi has shaken up the india economy. in half anoins us hour's time. we have the market open coming up. betty: and here is how we are looking with nikkei futures up almost 1%. all of that carried over from the rally we have seen here in the u.s., given the better than estimated economic numbers on the jobs front and revised gdp. the rally likely to get underway. yvonne: china pmi coming up in the next couple hours. the bank of korea decision happening as well. plenty more to come. this is bloomberg. ♪ it's 8:00 a.m. here in hong kong. welcome to "bloomberg daybreak: asia." president trump keeps up the pressure on north korea, tweeting the time for talking is over. toshiba chip sales go down to the wire. apple has joined the race with samsung. betty: it's just after 8:00 p.m. on this wednesday in new york. two giants of the business world talk to bloomberg. brian moynihan sayin

the legacy of hong kong. having a massive chinese airplane come and take it over, how feasible is this? invitestentially political backlash. coscor for -- an -- cathay is losing it's a role as china's gateway airline as beenof the carriers have launching flights. cathay is facing such a huge challenge. , has actuallyr increased because the margins have become more volatile. airill definitely help china as an acquirer as it is trying to expand its international operations. to fast-track way access to premium travelers. let's talk about management. is rupert hage the right person to continue to leak cathay? >> he has a wealth of experience. if you look at what they have presented during the briefing yesterday, rolling out initiatives that will help cathay to trim their nonfuel costs over time. they are simple fine their fleet structure. restructuring management. also, looking at various ways to save cost and lunch new products. we have a fairly forward-looking management that is hungry to turn the airline around. you will start to see better results. betty: is it going to come quick enough? are shareholders patient enough? 2018-20

really love it probably don't get a knock off well cosco got a little too fancy for itself and now it's being forced to pay up a judge is ordering the wholesale warehouse to pay more than nineteen million dollars to the world fame new york city jeweler company tiffany's turns out they had been selling diamond rings using store signs that said tiffany needless to say tiffany and company got in the tiff with costco over it and it went all the way to court cost goes management argued that the use of tiffany was just talking about the rings setting and saying that it was as generic as saying popsicle or dumpster well the judge was not convinced saying costco's evidence was insufficient to establish the company's use of the tiffany name was not intentionally deceptive marketing ploy and yes some costco customers were outraged when learning the diamond ring at a steep discount was not in fact from the famous jeweler buyer beware that'll do it for us for now check out the show on youtube dot com slash boom bust r.t. thanks for watching tomorrow. larry you're watching our. four students for. i'm a trial lawyer i've spent countless hours por