why show baidu? because baidu owns more than 60% and report is tencent approached baidu to acquire a stake. the news comes as beijing says it will expand its coronavirus lockdown as cases start to pick up in the nation's capital there. the move to cut lockdown weight gain is giving ww international shares a boost. the weight management company is reportedly having subscriber numbers that shot up 7% year over year in early june. you know, we are really only at june 16th here. first half here, more and more digital members are signing on since mid-april. ww is up 18.5%. >>> let's get to eli lilly. this is an important one. eli lilly surging after its breast cancer therapy met the main goal of a late stage study. also worth noting, the drug helps decrease the rise of cancer recurrence or death, giving it a leg up over pfizer's competing drug. eli lilly up 15.25%. >>> but look at the dow, up 527. we are looking at a rocking rally in this final hour of trade. here's the number one driver. no doubt it's th

and others tiktok platforms from alibaba, baidu and tencent. india says it's because of unauthorized storage of user data. this follows a border standoff that left dozens of soldiers dead or injured in recent days. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. yvonne: thank you. still ahead, a closer look at the chinese economy. we have the pmi numbers beating across the board when it comes to manufacturing, nonmanufacturing and sub-indices. we will talk through the numbers. and of course, hong kong's economic future looking increasingly at risk. tom: also, as advertisers had for the exits, facebook defends its policies on hate speech. we hear from the company's vp for public affairs and britain's former deputy prime minister. this is bloomberg. ♪ ♪ tom: back to our top stories this morning, the u.s. is revoking some trade benefits to hong kong, making it harder to export technology to the city. this comes am

tencent is reported to have approached baidu about a stake in its netflix style subsidiary.ts to surpass baidu as the unit's biggest shareholder. about currently valued at $14 billion. it is not clear if tencent has approached them directly about a potential deal. a moment, tension remains high on the korean peninsula. government analyst will join us next to discuss. ♪ this is bloomberg. ♪ "daybreak: asia." markets amidhut 11 fears of a second wave of coronavirus. 27 cases reported in the capital overnight, bringing the total to 106 since friday. one person is in critical condition in hospital. all schools in the city have been closed. rising tensions between beijing and washington mean china think is -- countries are ditching new york listings, with the latest to head for the door. grouped is to take listings by auto private. the u.s. government is suing to stop the publication of a book by john bolton. the memoir claims the president was willing to endanger the nation in order to win reelection and is being touted as the book donald trump what -- doesn't want you to read.

what that could mean, you can see companies like alibaba, baidu, also delist from u.s. stock exchanges if this comes to pass. emily: all of this coming against the backdrop of a pandemic. president trump explained china for the coronavirus, from his handling of the coronavirus. similar accusations coming out of beijing against the united states. outcould all of this play in an election year for president trump? samm: if you are trump looking have election year and you 100,000 u.s. lives, plus an economy back to levels not seen since the great depression, what do you do? you blame china. particularly in swing states, purple states, the trump administration is really relying on the health of the economy to be a boon, to get over at the margins to win this election. now, you have to blame china. this catastrophe is on your hands. sacks of new america, thank you so much. for more as we prepare protests, potentially violent protests here the united states, we will be speaking with a u.s. congressman of new york coming up. ♪ emily: welcome back to "bloomberg technology." a he

reuters sites unidentified sources, but has said tencent wants to surpass baidu as a big iqyi is currentlyalued at billions and it is unclear if tencent has --roached i.t. -- tehem them directly over a deal. up next, a conversation with robert kaplan. don't miss it. this is bloomberg. ♪ ♪ now welcome listeners on bloomberg radio. even with the recovery, u.s. labor market will fall well short of the levels seen just before the coronavirus pandemic. let's get to kathleen hays. : rob kaplan joining us in an exclusive interview. as often happens when you and i sit down to talk, there is a lot going on. no matter what i thought i was going to ask you first, there is only one question, and that is retail sales. down 15% last month. up this month 18%. were you surprised? strongly that after severe contraction for the first couple of months, first half of this quarter, we bottomed out sometime in early may. we expect growth to continue to the end of this quarter and the surprise in the jobs number and strong retail sales is part of that narrative. we will grow pretty strongly from here. more --: l

would the road of a baidu, tencent and alibaba not be the will they have an impact on what is happeningen china and the u.s.? mark: i would say not necessarily small stocks, but medium-sized companies in china that have a global footprint. remember, a lot of these companies are not only in china, world.e in all over the even if they have a disadvantage in china, they have all kinds of advantages in other parts of the world. that is the kind of company we at.looking remember, companies like alibaba and tencent, these are global whatnies and regardless of happens, they will continue to do well globally. they have been extending their footprint on a global scale. so it will be very interesting to see how some of them adjust, how they have already adjusted to the u.s. restrictions. i think going forward they will be able to do so. alix: now it seems like the narrative is developing on whether or not the national guard is needed in new york city. president trump is saying they should call it in. mayor de blasio says the national guard is not trained to unrest.vil , they don't want or need th

. >> we have many of those companies in the chinese market, whether it is alibaba or baidu or tencentations looking across china right now? good: i think you make a point. we have a lot of companies and , not just offshore, but there growth is in shares as well. as -- is concerned, we don't have an issue mainly because these companies are really generating solid growth. if you look at the earnings results from some of the giants in e-commerce recently, they continue to remain positive. names, recently the guidance statements paint a more positive picture. i think while valuations look a little high, it is really about earnings. an issue and remain comfortable with these things. >> and we continue to see the central banks in china trying to support lending to smaller companies. how will the pboc's actions play to the market? janet: i think in the meetings last week, we had already -- there is no change in the overall policy direction, but in terms of the monetary side, i think china has become slightly more accommodative, including higher ratio financing to growth target this year. i t

companies like baidu.ning in the last 15 weeks or so is that the consumption of internet has moved from just the big metros to now across the length and breath of the nation. things like digital education, online learning, e-learning are now growing rapidly to tier three cities. streaming platforms. when we think of streaming platforms globally, we think of disney, disney plus and netflix. what we have seen in the last maybe 15 weeks or so is the growth and accelerated growth of many localized streaming platforms in different provinces of india. you have a streaming platform just in a small province which has 30-40,000,000 people catering effectively to the needs of that province. we have seen a spurt of these companies come along. digital payments have received a tremendous boost in the same time, as well. online gaming and entertainment. online gaming in particular has also seen a lot of uptick with people spending time indoors. covid-19at sense, this has been a real accelerator for all of the digital bu

holing china accountable concerns from wall street over pending legislation would crackdown o alibaba, baidues lawmakers say crackdown would protect investors from fraud due to the company failure to submit to u.s. audits, some asset managers he expressing concern over potential effects on emerging markets, we want to point out, that these chinese companies generate a lot of money, for major exchanges alli mccartney when i asked president trump about it he first said well you know they are may go to london and hong kong but the fact is they don't have liquidity in london and hong kong deepest most pen traitive market in the world are here in the united states what is your reaction to senator kennedy's legislation says look companies have to follow the rules -- accounting rules or be delisted be delisted we worked being very hard across multiple institutions banking to make sure that we are protecting the underlying investors i think as said during this financial crisis what we are finding now, is that zero interest rates may -- investors speculators every day people in day traders, and those

it includes tictoc and others from alibaba, baidu, and tencent.says it is acting because of unauthorized storage of user data. it follows the standoff that left dozens of indian and chinese soldiers dead or injured in recent days. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. haidi. hong kong's fate as a global trading hub looks to be in jeopardy after the u.s. -- preferential status. we get more on that with the eurasia group founder and president. that is up next. this is bloomberg. ♪ shery: back to our top story. hong kong's future as a leading finance and business hub is a new doubt as the u.s. says it is this is spending some trade benefits to the city. we are joined by the eurasia group founder and president, ian bremmer. great to have you back. what do you make of the timing of not only the u.s. pushing through with the revoking of this special status but also china trying to push through this legislat

audi, toyota and baidu from china.rs behind tesla for launching active driver assist. they don't plan to roll out any cars with the automated self-driving mode at least another year or so. self-driving, fully autonomous driving i think timelines have been pushed back as you mentioned. you don't expect next few years. some people think maybe the second, only by the way for cars developed in specific cities. cars you drop off in the middle of nowhere, at any city on the planet. that will take at least another 15 or 20 years according to the experts that i have spoken to. but nvidia is really scooping up all of this. you know that stock is up 60% this year? nvidia, they make fast chips not only for self-driving but cloud and gaming. this company is in the right sector. stuart: up 60% this calendar year, is that right? >> calendar year. stuart: they hit a record high yesterday, nvidia, they have only pulled back a fraction today, down a couple bucks at 375. how about that? thanks, susan. >>> i have another indicator to loo