we have an air purifier, we have an action camera, security camera.mily: how much money do you generate? hugo: this year we estimate we will have about one billion u.s. dollars from services alone. emily: you are invested in 30 different startups. they partner with you. what is the relationship there? what cut do you get? what cut to the developers or makers of the product get? hugo: it is the unique model which i have not seen done anywhere else. the way it works as we help these companies get started. we will put the founders together, work together and build this. we will get them funded to start with, then we will leave them alone to operate independently. then we pick the best products they make and we put our brand on those products and sell it through our e-commerce engine. if these guys do a good job they will enjoy success. some may go public before we do. they ship about one million of these. which makes them the small company the most popular fitness wearable devices in the world. emily: how is the money shared? hugo: they manufacture with

we have an air purifier. we have an action camera. we have a security camera.mily: just how much money do you generate? hugo: just to give you an idea, this year, we estimate we will have about one billion u.s. dollars in net revenues from services alone. emily: now you guys are invested in 30 or so different startups. hardware and software companies. they partner with you. what is the actual relationship there? what sort of cut do you get? what cut to the developers or makers of the product get? hugo: it is a unique model which i have not seen done anywhere else. the way it works is we help these companies get started. in many cases, we will put the founders together and say you guys can work together and build of this. we will get them funded to start with, then we will leave them alone to operate independently. then, we pick the best products that they make. and then we put our brand on those products and sell it through our e-commerce engine in you will. if these guys do a good job, they will enjoy tremendous success. some of them might even go public befor

some companies have installed air your fires and issued masks -- air purifiers and issued masks.pastts months in singapore have been canceled. flights across southeast asia have been divergent. there has been a lot of -- divergent. there has been a lot of frustration because this has been a yearly occurrence for decades. angie: thank you so much. reathe cleaner. thank you for that. means up next, new term new arrows for japan's prime minister. we go live to tokyo when "first up" comes back. ♪ ♪ angie: it isangie: 7:30 and that is not the singapore we usually see. intead today it is cloaked thick haze. a psi of three to four. the government got concerned. -- 324. are 30 minutes away from the opening of sydney and tokyo and korea. you are watching "first up." ♪ the top stories this hour, the dollar rose after janet yellen confirms the fed is going to raise rates this year. it's inclined to get -- it climbed against the euro and the yen. they are expecting a tightening. did knowledge that economic surprises could lead to a change in the plan. a five-year low after they announce job

would you explain why carol massar gets an air purifier fan deluxe? tom: i have a 442 page contract. stay with us. bloomberg television and bloomberg radio. it is monday and there is more. ♪ >> welcome to the bloomberg market day. the world passes largest automaker faces a full sized scandal. full swag and admitted cheated on the u.s. it visions test which could be daunting to clean up. alexis tsipras should remain in power but economists say the government has a whole new set of challenges. we will sort through mixed messages. and hbo cleaned up at the emmys last night. did victories strike a blow with cable? ♪ brandon: good morning. we have julie hyman, our senior markets correspondent, who will break it down for us. julie: a larger than estimated drop in existing home sales in august, falling 4.8%. that is month over

began to clean out the soot and smoke that's damaged schools in middletown and that includes purifying the airiping down surfaces, specialized vacuuming and throwing out rotten food inside those frijs. just one school was severely damaged. located inappropriately ma valley high school with a continuation high school for middletown high, there ises will be relocated while it's being rebuilt. middletown expects school to reopen either next friday or the following monday. >>> tomorrow will be a spare the air day in the bay area, the 8th of the season. the air district said it's because of the smoke, also because of the heat. abc 7 news meteorologist drew tuma told us about this warm up and it looks like it's here. >> whether it like you or not mother nature giving us a warm end to the final weekend of the summer season. our emeryville camera, good air today. poor air quality especially in our inland east bay and santa clara valley. if you can tomorrow take public transit, carpool, walk or bike to cut down on emissions. the big story today it's warm up out there 79 in san francisco, 86 oakland, 86

air into it and away you go. you could grow food on mars, you can purify it. split the water, use it for fuel. it will help you live off the land. >> how optimistic are you about manned missions in the future. >> i'm confident it will happen, i can't tell you when. that depends on the size of the bigger budget. we can go there faster, smaller budget, longer. there's not the slightest doubt we'll go there. humansers explorers, we are intrepid. we have to go, and see for ourselves. >> i can tell you are excited. anyone watching this is excited. michael thank you >>> republican presidential front-runner donald trump announced a plan to revamp the tax code, unveiling his proposition in new york, saying low income earners would benefit the most. >> if you are single and earn less than $25,000, or married and jointlieierb earn less tha $50,000, you'll not pay income tax, nothing. this eliminates very strongly and quickly the marriage penalty, very unfair penalty. >> donald trump's plan has four tax brackets instead of seven. the highest income tax rate is 25% down from about 40%. also it would elimi

air." or "i'm worried that i can't drink the water, i have to purify it." so -- so instead of revoting on something we already voted on -- and every member -- it's not like anyone was hiding. we all came out. we were either for the agreement or against it. and i have to say, my colleagues were wonderful in explaining their positions. and i was proud. but i'm not proud to see us now go right back to the same thing. when we have all of these problems facing us. the republican budget cuts $400 million from community health centers, preventing 620 new clinics from opening and keeping 2.6 million americans from getting preventive and lifesaving care. that's right, $400 million from community health centers. how about the home program, the nation's primary affordable housing program? it would be practically eliminated with a 93% cost. this would mean a loss of about 40,000 housing units across the country. the centers for disease control, we know how important they are when we have an epidemic looming it would be slashed by the republican budget by $245 million,

air." or "i'm worried that i can't drink the water, i have to purify it." so -- so instead of revoting on something we already voted on -- and every member -- it's not like anyone was hiding. we all came out. we were either for the agreement or against it. and i have to say, my colleagues were wonderful in explaining their positions. and i was proud. but i'm not proud to see us now go right back to the same thing. when we have all of these problems facing us. the republican budget cuts $400 million from community health centers, preventing 620 new clinics from opening and keeping 2.6 million americans from getting preventive and lifesaving care. that's right, $400 million from community health centers. how about the home program, the nation's primary affordable housing program? it would be practically eliminated with a 93% cost. this would mean a loss of about 40,000 housing units across the country. the centers for disease control, we know how important they are when we have an epidemic looming it would be slashed by the republican budget by $245 million,