betty: big vision. lawrence: big vision, and we need to give our customer something they have not seen before. it is about being more innovative. and being bigger and better. betty: bigger, better, and wetter. part of his vision is attracting customers through live performances, including this acrobatic experience called "house of dancing water." it is the crown jewel of city of dreams. five days a week, 3.7 million gallons of water flow through the custom-built stage as actors dance, dive, and dazzle a captivated audience. building it was a huge gamble. it premiered in 2010 in the wake of the financial crisis. lawrence: we went ahead and built out our $250 million "house of dancing waters" show. it has been a huge success. the fact that we tried these things that nobody wants to try has given us an edge. betty: in the beginning, business was far from booming. lawrence ho's first casino opened to disappointing results. it seemed as if his gamble to go big in macau was destined to go bust. but then ho fo

betty: there we go.he cruise industry raked in more than $37 billion in revenue last year, setting sail with more than 21 million passengers. what does it take to be the biggest fish in the sea? we find out from the two biggest ceo's in the business. richard fain: they want the biggest and the best. and this is the biggest and the best cruise ship out there. betty: richard fain is ceo of royal caribbean which earned more than $8 billion last year. to stay on top, his company has spent $3 billion on new ships that have everything a cruiser could want, and some things they never expect. richard: this is the next generation of cruise ship. and we are constantly striving to move the bar higher and higher. betty: royal caribbean may have one of the biggest boats in the water, but carnival ceo arnold donald says bigger isn't always better, and it has got the market share to prove it. arnold: we sail 80 million passenger cruise days a year. 80 million. betty: carnival has 50% of all cruising business and pulled

betty: we do. on the bloomberg market day, including more on the fed's non-decision. ♪ ♪ betty: it is 10:00 in san francisco and 1:00 a.m. in hong kong. >> this is the bloomberg market day. stocks take a tumble after the fed left the interest rate in place but how much should folks place on the decision? a key stopping port for migrants, we will speak to the ambassador of greece. mark: apple is taking aim at competitors like google. how some could change the world forever. betty: good afternoon. i am betty liu. matt: i am mark crumpton. we just talked about the fed, it is like the lebron james thing, the decision. betty: and then it came. matt: and then it went, and the market started selling off yesterday and the market still

betty: ok. arnold: how many cabins are left unfilled, or how many cabins have one guest versus three or four guests? we are absolutely willing to trade off occupancy to get the price up from a business standpoint. betty: coming up, there is one demographic that both companies have a hard time cracking, millennials. they may be the key to sailing towards higher profits. later, it is full speed ahead to a place that may just push the entire industry into bold ew waters. ♪ betty: this is ship rock, norwegian cruise lines solution to younger cruisers, millennials on the whole have a lot of money to spend. $1.3 trillion of it. and a piece of that demographic could help the industry sail back into double-digit profit margins. the cruising injury history group came out with numbers say that the average cruiser is about 50 years old, makes over $100,000, white, and generally an affluent traveler, but they are essentially that demographic. it's not very diverse. richard: well, again, that is part of what

betty: wow. fact, the bandwidth on this ship is better than the combined bandwidth of every other cruise ship in the world combined. betty: but according to carnival ceo arnold donald, the millennial, as you might expect, defies stereotypes. and providing wi-fi is far from the only magical bullet to get them to cruise more. arnold: the millennials all over the place are just like every other generation. you know? some millennials like heavy social exchange and interaction in terms of parties. some just like doing it on the internet. some want more private time. a lot of them are adventure seekers. a lot of them want to give back. you know, they like impact travel. you know, travel where they can go do something and help a local community or help an individual. that sort of thing. betty: do you even need to get millennials more cruising? is that a misperception of the industry? arnold: i think it is a little bit of a misperception. millennials do cruise because in our brand, families cruise. we ha

betty: yes.rlet: let's get you to a look at the top stories at this hour. -- bringingng someone on for its car unit. previously worked for ford. their auto driving project has already logged one million miles in tests. betty: facebook is looking for at support for 360 degree video to allow bit -- viewers to change the way they see the video by tilting the phone. mark zuckerberg has called virtual reality the next big computing platform. scarlet: if he -- if you oh the irs over $100 million, get your check in the mail. to send at least two checks starting next year. 14 checks were written for that amount or more during the recent tax season. those must be processed manually. i guess so. if you oh that much, would you put it in a check? scarlet: if you have to transfer the money and get charge for the amount? betty: that's true. the united auto workers union chose fiat chrysler as a target for their contract negotiations. we will tell you why the union made the unusual choice of picking the weakest

i am betty liu.ng to some reports, it is not so fun to work for charlie ergen. dish network got some of the lowest ratings in the country for its work environment. ergen told me he is trying to change some things internally but also defended the culture he has built at dish. charlie: i am a really great guy to work for if you are a high achiever. if you just want a job, you will probably not like it too much. i think dish is a culture for those people who want to achieve something. there is some uncertainty, as you know, with what you can do with the wireless. it takes a little bit of bravery as a shareholder. i think even for employees, they like to know what will happen tomorrow but we don't always know. it is a special -- it takes trust in your management, a bit of an adventurous spirit to work here. you have to be more of a self-starter. for those people who like that, we have people who started in the warehouse that are executives. people who are achieving their own internal potential and they a

i am betty liu. has emerged as a hot topic among president of candidates, and almost none of it is good it -- good. donald trump: almost none of it is good. betty: i asked about u.s.-china relations. mr. yang: there might be ups and downs, but the general direction of the relationship is development. what i have heard from the general public in both countries is that this is a very important visit. we have to make sure that the visit will be a great success. i think that is the true feeling of the two peoples. betty: when the dow plunged, donald trump, who is the leading candidate to win the republican nomination, he came out very forcefully and said this is china's fault, that china made this mess, because they devalued the renminbi, so is the chinese government prepared to deal with a president trump? mr. yang: well, i have just expressed my views on the financial markets of various countries, and i think that any country should look at the fax -- facts and then come to the right conclusion. i am n

i am betty liu.elcome to "titans at the table." dish network founder charlie ergen has always been known as something of a fearless renegade. from being thrown out of casinos for counting cards to selling satellites out of his car in colorado. he led a group that started echostar in the 1980's and then started dish in the next decade. in the process, he has become one of the richest men in america, worth more than $20 billion. ergen stepped out of the spotlight in 2011, leaving the ceo rein to joe clayton. just four years later, the founder is back in the hot seat as television goes under another revolution. video, moving on to your second screen. like the satellite tv business, ergen wants to be at the forefront of this change by creating a new, over the top product called sling tv and buying up billions of dollars worth of wireless assets. assets he says can be used to build a legitimate competitor to at&t and verizon. when we first sat down for our interview with him at his inglewood, colorado hea

i am betty liu.elcome to "titans at the table." dish network founder charlie ergen has always been known as something of a fearless renegade. from being thrown out of casinos for counting cards to selling satellites out of his car in colorado. he led a group that started echostar in the 1980's and then started dish in the next decade. in the process, he has become one of the richest men in america, worth more than $20 billion. ergen stepped out of the spotlight in 2011, leaving the ceo rein to joe clayton. just four years later, the founder is back in the hot seat as television goes under another revolution. like the satellite tv business, ergen wants to be at the forefront of this change by creating a new, over the top product called sling tv and buying up billions of dollars worth of wireless assets. assets he says can be used to build a legitimate competitor to at&t and verizon. when he first sat down for our interview with him at his englewood, colorado headquarters, i asked ergen to describe his

betty: really?: since the recession ended, you have five years with the jobs data that have gradually improved. this is not been a fantastic recovery, but john tucker improved -- but jobs have improved. with teachersust going back and idle plants coming back, it is always a funky month. i do not think it'll make a difference to them.the volatility in china could have an impact . betty: we are all watching what is going on in china. thank you so much. barry: my pleasure. time: still ahead, now any can be mcmuffin time as mcdonald's rolls out breakfast all day is america. that story after the break. ♪ betty: welcome back to the "bloomberg market day." let us get straight to matt miller for the big stories of the day which is really the recovery we are seeing. matt: it is not a huge recovery considering how far down we were not only yesterday but in the month of august. we are back towards session high. adding 1% on the s&p and the nasdaq as well. yesterday was the worst start foreign equities market i

hello, i am betty. dish network ceo charlie ergen has been known as something of a renegade, from being thrown out of casinos for counting cards and selling dishes from his car. in the process of starting his company, he has become one of the richest man in america, worth more than $20 billion. he stepped out of the spotlight in 2011. handing the reigns to joe clayton. just four years later, the founder is back in the hot seat. like the satellite tv business, ergen wants to be at the forefront of television change with an over the top product, sling tv. he wants to buy assets of what he says can be used to build a legitimate competitor against at&t. when we sat down at "titans," i asked him to describe his plan. charlie: tv is changing. people are looking more for what they want to watch and not paying for what they don't want to watch. tv is everywhere. part of that is the technology is ott, over the top that allows customers to do that. the second transformation is wireless. there is only two ways to

betty: thank you so much.ie hyman with a look at the market. look let's give you a ahead. the shares of walmart are down 25%. betty: the retail giant is hitting its suppliers with fees. how it could affect the products you see on the shelves at walmart. ♪ betty: this is the bloomberg "market day." i am betty liu. pimm: i am pimm fox. betty: walmart is known for extracting the lowest prices from suppliers. they are taking it to a new level. pimm: walmart is hitting suppliers with fees and reducing how frequently some are being paid. what can you tell us? says that this is part of a companywide review that they have been doing about how they run their business. the u.s. business is not doing well. they are trying to revive it and reclaim margins. they sent out letters to suppliers saying they would impose fees on many of them. for using at warehouse, a distribution center, to be in a store. they wanted to link when they are paid to win their inventory moves. if it takes 90 days for your inventory to move, you ge

i am betty liu.n to sit down with charlie ergen, but according to some reports, it is not so much fun to work for him. in 2012 and 2013, employee surveys gave dish network some of the lowest ratings in the country for its work environment. ergen told me he is trying to change some things internally but also defended the culture he has built at dish. charlie: i think i am a really easy guy to work for and with if you are a high achiever and you want to achieve something. if you're just wanting a job, you are probably not going to like it too much here. all right? i think dish is a culture for those people who want to achieve something. and there is some uncertainty, as you know, as we are talking about what you can do with the wireless. our shareholders don't know exactly, so it takes a little bit of bravery as a shareholder. i think even for employees, they like to know what will happen tomorrow but we don't always know what is going to happen tomorrow. it is a special kind of -- it takes trust in yo

betty: incredible. brendan: what a gorgeous story. betty: it is.o not see a lot of those careers ever, barely. brendan: that is it for me. 42% of the harvard business school populace are women. we are going to find out how much -- ♪ betty: the nfl will appeal a judge's ruling today notifying tom brady posit suspension for the so-called deflategate. the judge came out forcibly in his favor, for handling a scandal that erupted in january. that is when officials discovered that brady used under inflated footballs. the migrant crisis and hungry is sparking a new round of political infighting. left, more than 3000 migrants, many of whom are from war-torn syria, hungry's prime minister says germany's doing nothing about the migrant population. >> nobody would like to stay hungry silly we do not have difficulties with those who would like to stay hungry. known like to stay hungry. all of them would like to go to germany. westbound trains from hungry's r not running. it said they suspended them for security reasons. the move comes as he faces a corruption

betty: i am betty liu. you have all of the indexes down right now.e are bouncing along our lows of the session. the dow is down by 255 points, off by 1.5%. are10 sectors in the s&p lower. financial taking some of the biggest hits. you can see jpmorgan, goldman sachs, bank of america all down over 2%. all 10 sectors in the s&p are in the red. let's move over to oil prices where the commodities are -- you can see that we are coming off of the gains that we are seeing this week in oil. the nymex is down 1.2%. brent is down 1.4%. we are onto our gains of a may see a second weekly rise in oil. gold is down 3/10 of 1%, falling for the third day in a row. brendan: this is the federal funds rate. we're looking at protection in the yellow. people are buying against a rate rise in september. green is a rate rise in december. both dropped on the job news, meaning that people are slightly more confident that there will be a rate rise. they both dropped in tandem. that means even though there is more confidence there will be a rate rise, the distance between the

betty: nowhere indeed. you so much, matt miller with a roundup of what is going on in the economy in the jobs market, ever heard of boomerang employees? the chances are that you will. workers who returned to their former employer are becoming more commonplace. a survey of hr executives showed that 80% or more excepting of hiring former workers. joining us to discuss this hiring policy shift is mark crumpton. people withnt skills. sometimes it is easy to bring people that have work with you before back into the fold because you do not have to train them from ground zero. they can hit the ground running because they know the culture, the system, and what is expected. this was an interesting story, because you get to the point -- remember to be during the financial basis, they were discriminated against for being over a certain age and if if they had been unemployed for a certain amount of time, they were pushed to the side to get millennials. that does not seem to be the case anymore. i wonder what that says

betty: they fired her.ndan: two ways to look at this, other she was ungovernable or the board and hp is an un -ceoable board. there's evidence that might be true. betty: what i have found fascinating is seeing that the way she has acted on the campaign might be indicative of the way she was at hp. clearly outspoken and talks against, going against the grain. the cnned her way into debate and look at what happened. you can see her leadership skills there. at least the way she manages. good point. if you are unafraid to tell people when you are wrong, how does that work out in the board room? looking at mitt romney's experience, justin fox made a compelling argument. this might be a hard sell to voters. laid out a i strategy and it only got better after i left. betty: is too nuanced for voters. it is easy to look at the stock chart, it went down, she was a bad manager. brendan: it is not too nuanced for betty liu and brendan greeley. talk with carly in may when she was starting her campaign. i asked about her

betty: good afternoon. i am betty liu. matt: i am mark crumpton. we just talked about the fed, it is like the lebron james thing, the decision. betty: and then it came. matt: and then it went, and the market started selling off yesterday and the market still selling off. julie hyman is in the newsroom with a check on the markets. julie: good afternoon. lebron james comparison although this one is a little more important i would say to the world at large. take a look at the major averages. we do indeed have that selloff going on. it is a pretty broad-based one. the financials are down, material stocks are down, industrials are down. this is very broad based but i want to talk about there is some fundamental news driving some of the selling we are seeing today. take a look at la quinta, the hotel chain. the ceo announced after the close that he was resigning. the stock is down 15%, the most on record as a result. it went public in 2014. the company also said it was cutting its forecast. that commentary is having an effect on the other hotel stocks. h

betty: there we go.e industry raked in more than $37 billion in revenue last year, setting sail with more than 21 million passengers. what does it take to be the biggest fish in the sea? we find out from the two biggest ceo's in the business.

bettie: welcome to this special edition. i travel to china and spoke with a former ambassador to the united states, a leader in the powerful state council and a top negotiator on foreign policy. mostlked them of the pressing issues between the two countries, from cyber spying to the most recent market turmoil, chinese, we begin on president xi jinping's much-anticipated visit to the u.s.. this is happening a few weeks away from the visit of xi jinping to the united states. what does he hope to accomplish? hi: i believe the areas are very important. first, it is for the leaders to have an in-depth discussion, following the discussion of california and beijing about the international situation, about , theespective countries policies, and about the future of our cooperation, particularly to charge a way forward, furthering our relationship. we expect that there will be quite a few cooperation results flowing from the visit, what .eople call the deliverables i believe the president will reach out to american society to build th

betty: how about you, jake?e: our vision is to build a global community of individuals empowered to do work they love. i think our job is really to help all of the upcoming generation of college graduates and people in their 20's and 30's who actually feel that optimism and to be able to embrace what their career and potential would be. the reality is that technology is no longer a sector in and of itself. technology is in every industry, every nook and cranny of the economy. one of the reasons we need diversity in the tech sector is because it has stopped being just a sector. it has become our entire economy. we all know that a diverse economy is more healthy and will perform better in the future. our job in that process is to help bridge education and employment. betty: there was a comment recently by governor mark warner. he says congress should be more attuned to it. you are all familiar with this. he talks about the gig economy. rather than sign on to a company for a full-time job, people collect a bunch of

betty cantrell! >> that 21-year-old georgia peach beat out -- >> georgia peach. >> 51 other ladies at sunday night's competition. >> so what is underneath that tiara. we're going to get to know her right now on the curvy couch. >> betty cantrell, miss america, 2016 joins us live. good morning to you. >> good morning. >> when you won, elisabeth and i were talking about this, you don't hear many kids being named betty these days. >> you don't. >> betty is not your name. >> it's really not. it's an american nickname. my mother's entire side of the family is full-blooded greek. and her mother's name was basaluci and they called her betty. but i love the name betty, too. >> does anyone call you that beside -- >> does everyone call you betty? >> except for like the little old greek ladies at my church. >> great. >> tell us about your dad. you have a military family.

betty: to stay on top, his

betty: how about you, jake?ake: our vision is to build a global community of consumers empowered to do work they love. i think our job is really to help all of the upcoming generation of college graduates and people in their 20's and 30's who actually feel that optimism and to be able to embrace what their career and potential would be. the reality is that technology is no longer a sector in and of itself. technology is in every industry, every nook and cranny of the economy. one of the reasons we need diversity in the tech sector is because it has stopped being just a sector. it has become our entire economy. we all know that a diverse economy is more healthy and will perform better in the future. our job in that process is to help bridge education and employment. betty: there was a comment recently by governor mark warner. he says congress should be more attuned to it. you are all familiar with this. he talks about the gig economy. rather than sign on to a company for a full-time job, people collect a bunch of

betty: how about you, jake?e: our vision is to build a global community of individuals empowered to do work they love. i think our job is really to help all of the upcoming generation of college graduates and people in their 20's and 30's who actually feel that optimism and to be able to embrace what their career and potential would be. the reality is that technology is no longer a sector in and of itself. technology is in every industry, every nook and cranny of the economy. one of the reasons we need diversity in the tech sector is because it has stopped being just a sector. it has become our entire economy. we all know that a diverse economy is more healthy and will perform better in the future. our job in that process is to help bridge education and employment. betty: there was a comment recently by governor mark warner. he says congress should be more attuned to it. you are all familiar with this. he talks about the gig economy. rather than sign on to a company for a full-time job, people collect a bunch of

betty: exactly.terest in the cooper is launching this isinteresting that uber launching this. there is a laid-back feel compared to beijing. it's kind of underregualted. -- under regulated. use that something like that in the face of competition. china'still ahead, president meets with some of the top business leaders in the u.s. scarlet: a live report and a look at what he hopes to accomplish including a possible cyber security deal with the u.s. ♪ ♪ this is "bloomberg market day." scarlet: we're still laughing at her walking through beijing. china's president is meeting with top u.s. business leaders right now. you name them, they are there. betty: a who's who of ceos. the president is hoping to make progress on a number of fronts. here is what he said last night. >> the international community should on the basis of mutual respect and mutual trust work together to build a peaceful, secure, open, and cooperative cyberspace. aina is ready to set up high-level joint dialogue mechanism with united sta

betty: good afternoon. i betty liu. mark: i am mark crumpton."bloomberg market day." up, the leading index -- the dow industrial is up over 1%. the two-day fed meeting begins this week and lots of people want to know -- is the fed going to move on interest rates? .8%.&p is up that sector being led higher today by energy and telecommunications. matt miller was telling us about that just a moment ago. the s&p energy index is up .8%. let's move on to the close of oil and goal. -- gold. it was an interesting ride with been having the last couple of weeks. the nymex crude is up 1.7% right now at 44.76. brent crude is up .1%. that spread between denny ti and brent is the nearest we have seen in a while. gold futures are down .4%. and $.90.ng at $1102 betty: retail sales numbers came out, we saw bonds being sold for the two year yield, you can see they're down considerably, the yield going up and a lot of selling going on. the dollar rallying on the backs of retail sales report, it's that 120 level. for a look at what is weighing down the dow, as well

betty: how would you advisor? -- advise her? pres.nton: if she gets elected president, she will make good decisions. she works hard and is on top of things. will be inclusive, which we need. if there is one thing she knows more about than anybody on earth , it is somewhat subject i should be listened to. [laughter] and what subjects i shouldn't. [applause] say something serious. i hope i will be asked to help support her main determination, which is to give the country a middle-class and give people a chance to work into it. again, i'm inclusive society. i think it is important. the good news about this technological revolution is we have more options than ever before. the bad news is if we are not careful, we get sideload -- silo 'd. we are isolated from one another. one of the heartbreaking things about all of these things were young people have been killed with encounters of law enforcement is it has revealed a almost total lack of trust in neighborhood after neighborhood in america. succeed, we have to be able to create a sense of

betty: is it criminal?asters who control huge numbers of computers, so on that extreme, it is criminal. there are also different levels of low-quality traffic. those pop-ups that you never see , they can still be counted as driving an individual to a website. seeing thosevidual ads, even if those ads are never seen. about what dismayed they have seen in the digital -- new digital ad economy, one person from kellogg's said that they thought they were selling the ads in legitimate spots, but it turns out i'm buying ad spots from a guy on the coast. betty: unseemly, of course. what are their attitudes overall? do they feel like, hey it is the cost of doing business on the web? >> no one can ignore the web. you cannot put the genie back in the bottle. what they are trying to do is get a scale of the fraud. are promisingies lots of great things in terms of technology. that a lot of it may be fake. the challenge for advertisers now is, what do we do about it? they run their own system back, get in control of wher

what the move could mean for the television industry. ♪ betty: good afternoon. i'm betty liu.ark: i'm mark crumpton. thank you so much for joining us. if you're taking a breath and taking upon's, what do you think we are doing here? rout andbal market selloff continues. matt miller was telling us earlier. let's bring us this chart again. this is breathtaking in scope. nearly all of companies in the s&p 500 are in the red. a chemical company is the only one, but it is barely in the green right now. the selling is fast and it is financial and energies have been big decline as i know. the energy index is down almost 3.5%. mark: the dow jones industrial average is down for 17 points right now. all the major indexes on wall street down an average of 2.5% at the start. people were discussing where the markets are headed. one strategist i talked to said, you know what? it still feels like we have a little ways to go. i know we showed out last week, but we have a little more to go. maybe this is a little more to go. the first day of september and we saw that seesaw going back-and-fort

betty: good afternoon. i am beverly loot -- betty liu. >> i am olivia sterns. stocks are still in the red, close to session lows. we are down 300 points on the dow. betty: with the holidays coming up, volume is thinning out. olivia: volume is thinning out. the market in mainland china still closed. normally, that is the trigger for a triple digit day on the doubt. now we are seeing european and u.s. markets lower. let's look at commodities are here is what is happening to oil and gold. across the board. with texas trading at $46 a barrel in gold at 1126 per ounce. betty: we are on pace for a second weekly gain in oil, the barely. we will see how the trade continues going into the close of the session. investors ares, behaving like they did before the devaluation in china. the shorter end of the yield curve continuing to go up, but the rate on the longer and -- the rates on the longer and are trending down. lower on the back of the move by the e.c.b. to revamp part of its bond buying program. however, the dollar continues to strengthen. all of that in line with

betty: what else is there to say?he see more signs of strength. >> the amount of income is down to what it was in 1985. betty: joining us now is chief economist carl riccadonna. fed isalways say the very -- even though they are trying to be transparent they are not. president dudley said we were data driven. if the data holds up, as it looks to be the case, very likely the fed could raise the rates by year end. that gives him a definite option that they can delay until the first quarter of 2016. if you look at the domestic economy, consumer spending looks good. things look good for now but we have to keep eyeing this negative feedback to consumer sentiment. confidence consumer and see if there is a similar poll back and then we will see motor vehicle sales on thursday. that will tell us even if they are not complaining about that sentiment, that if they keep a 17 million unit run rate than things aren't so bad. mark: what are investors to read into this? we see markets are down today, but bill dudley is the president