>> bhp billiton.s not only because of the diversification and the balance sheet and the probability of a share buyback being announced in august. it's looking at some of the speculation that emerging yesterday about bhp taking a look at its portfolio and potentially looking at more structural options to try and spin off underperforming assets. they've been trying to sell assets, what they consider noncore for some time. they've struggled to find buyers who are willing to pay a decent valuation for these prices. i think maybe the next natural step is looking at some of these exiting through a spin-off. >> jeff, it's good to see you. thank you largely for that. still to come, meanwhile, on today's edition of "worldwide exchange," we're going to go inside nike and find out how the sports giant is trying to, once again, reinvent the golf ball. i think it's still going to be round. apart from that, we'll have to find out. the second hour of southbou"wor exchange," coming up. ange," com. >>> you're watching

all four finalists free policy and when jim hundred bhp. i just mentioned previously bhp be out of th gopal for coal fire dollars. so are you with the sporty concrete real fall into fall. stace and soul that's why it had been drinking the kool haus who start the new children's cookery show as a defect caused by these kind of an eco because basin creek region has come come home everyday and finally you on the upcoming course in and what's that noise about that in a shipping port in kind soul that dr could not choose that. awkward when you see me in the courts which can cause got into me pretty quickly shown many posts yes yes it's great because i can't if i can be if it costs by pretending course had a great cook and the proposal as a precautionary measure what you can recommend that consumers in taiwan all around the world to read the label. for example on the back of the packaging of the boosted by the fourth the site which this is a really pretty. the all important first step to all the customers who have. yes i did recommend that you bou

shares of mining giants finished higher of bhp billiton lifted its forecast for iron ore production. >>> japanese and american trade officials have yet to reach a breakthrough in an asia pacific free trade pact. a japanese negotiator is sounding optimistic as pressure mounts to reach a deal before prime minister shinzo abe hosts u.s. president barack obama at a summit next week. deputy chief negotiator hiroshi oe met in washington with wendy cutler to discuss details of a transpacific trade partnership. they hope to pave the way for talks later this week between top trade officials from the two countries. oe says he and cutler are starting to find some common ground. >> translator: we have not yet narrowed the gaps between us. but i'd say we are making progress in negotiations. >> japanese and u.s. trade officials have locked horns over japan's tariffs on imported beef. the two sides reportedly discussed measures that would allow japan to raise tariffs temporarily if these imports surged. they also exchanged opinions on tariffs on dairy products such as cheese. >>> us is ueck ki moto

station he can make two lists of providing station treatment to patients some of the sky new delhi based bhpsuperstition and it was that it had ended he did indeed nice to be she promised to provide extra keen to point b sheets. many of these prostitutes to buy into the debt facilities. don't be shy. still the key. mendoza led of the photo but can download zones in a nice time and the dignity to his visit was perturbed by the name moments caught in the end of the kasprowicz isn't it. and all those indian doctors are forced to sit and be as a vehicle to hospital to be a beacon that the properties of his time and time to time and different densities of them honest on the abc patients some of the base of the cpo cost of one. with a gown and baby had been opened all this and you can also be conducting programs for the focus of the next time they come here for it to india on hospitals for treating an awesome and the little guys that he had been in treating these patients. goodies a sudden i am and is happy after the sexes which she meant office called today and gone and tomorrow the twenty four y

new delhi based bhp superstition and it costs to date.i think that the key did indeed nice to be around to provide extra keen to point b sheets. many of these prostitutes provide depicted facilities. don't be shy. still i'm unique eaten and updates mendoza learned of the photo but in that war zones in an honest i'm hinting that the collective is a hospital. but in the moments caught in the end of the kasprowicz isn't it and all those indian doctors are forced to sit and be as a b and young couple hostage to the city and that the portuguese enough this time and time to time and distance the cds of the funnest time. bbc patients some of the bases ecp of cost blow out from the polar bear down and baby had been built and all this and compete in on something and then training programs for the focus of the next time they come here for it to india on hospitals for treating is awesome and he would go this time he had them and treating these patients. goodies a sudden i am and he is happy after the sexes which she meant office called today and gon

bhp is reviewing the asset sales and considering spinoffs. $20 billion. all on the agenda. market, of the currency aussie have left behind rates unchanged. 166. we'll see how the purchasing managers index a run. in one company saying they do not be surprised if we see another higher that is far from done on the outside. they use -- they leave the rates unchanged. the governor talked again about the high value of the currency there broke through the 93 level. what is interesting from pimco saying to get ready to sell the aussie dollar. almost like a trade against china. they say china could be the big shock for australia and growth could come at as 6.5%-7%. that is lower than estimated. or againstthe dollar -- back to you. >> thank you. our next guest. o joins who is the co-ci us now. thank you for talking with us on "on the move." less the sum of the macro themes together. especially in the united states and the u.k. about the capacity. when interest have to start arising. we are in into the debate and maybe we will start in europe because of disappointing inflation numbers

the two most popular national parties are the congress and the bhp. that's led bneither party is exo achieve the seats needed for an outright majority. a whole host of other regional parties will throw their support behind either of these two men, or they'll stay outside of the government. this election has kicked off the every man party. >> they waited patiently for the polling stations to open. at 7:00 local time the world's largest democracy began the process of voting. the state in the east of the country were the first to vote. people here will pick six parliamenparliamentarians. some clearly voicing the concerns what the electorate here are. >> which ever party wins there should be peace in the country. the country should be rid of violence, criminals, and high cost of items. these are things i want. >> but for others the needs are more personal. >> my biggest concern is inflation. it needs to reduce. sanitation is also an issue here. >> security is tight, and everyone entering the polling station across these states has to carry an election i.d

the rule ag alliance is ruled by the bhp party, he voted in his home state.he he's been the chief minister for 13 years. zachariah modi has been accused of allowing g aind muslim riots in which more than 1,000 were killed. he denied wrongdoing and was cleared. on the campaign trail he steered clear and pitched his case as the level to revise a slowing economy. he pointed to economic growth. corporate leaders praised him. others are skeptical. >> reporter: this is the sound of progress in india's western states. a multi-million german manufacturer employing more than 350 indians. khs makes machines to process and package machines for clients like coca-cola. the company has tripled its annual turn obvious, increasing their staff five fold. >> it's typical bureaucracy, it is absent here. instead of red tape you fine a red carpet. >> foreign and indian companies like tatar motors have been lured by the state's chief minister, and now prime ministerial candidate nareneda modi. he's credited with building infrastructure. streamlining democracy and providing cash in

bhp the top mph gopal for coal fire dollars. so are you with the sporty concrete real fall into fall. stace and soul that's why it has been very difficult boss who start the geese human potential thus in effect caused by these kind of an eco because basin creek region has come come home everyday. and finally you on the upcoming coasts in and what's that noise about that. but it did it has been formed time so the doctor could not trace bit awkward. this image in the courts which can cause got into me pretty quickly shown many posts yes yes it's great that could identify with me if it costs by preach chemicals that can reduce costs and the pope as cool as a precautionary measure what you can recommend that consumers in taiwan all around the world to read the label. for example on the back of the packaging of the boosted by the fourth the site to preach this is a really pretty. the all important first step to all the customers who have. as i hated coming back and . this being honest in the middle man of forty years his crows full i

>> were we going, bhp billiton? they are raising their output for this year.in short-term price issues. , but theyybe a bit don't concern themselves with short-term volatility. and music to the investors years. >> give is that money in dividends. >> that's a fair point. very well done on johnny's interview. we did push him along in terms of preparedness to make more provisions. that's going to be the key issue . >> watch out for those shares. tesco's troubles get worse. half it declined for a second year. find out why sales are slumping the most. ♪ >> welcome back. 7:53 in london. the top corporate story is tesco. caroline is here. >> it's a second year of declining profits. half it down six percent. that was ahead of estimates. that's why we are seeing many calls saying tesco might actually rise about one or two percent. they are relieved it hasn't missed its overall forecast, but sales are not looking so good. fourth quarter down three percent. that was worse than many had been estimating. there is no letdown of concerns. rice cut still to come. >> they are

the "wall street journal" is reporting that bhp's executive in charge of the coal division said he expects world demand for coal to increase for decades to come. in addition, cowan and company upgraded peabody to an y outperform from market perform, seeing little downside to coal prices, providing a bump for the entire market. sue? >>> free markets, fair markets. attorney general eric holder confirming the justice department is investigating high speed trading. eamon javers is in washington, d.c. with the latest developments on a big story this week. >> reporter: yeah, that's absolutely right. the big story is getting some attention now here in washington. this time it's the attorney general, eric holder, testifying on capitol hill today, confirming what we knew earlier in the week. we heard the fbi was investigating this situation. now we know it's reaching the very top of the department of justice, eric holder on capitol hill today. take a listen. >> this practice which consists of financial brokers and trading firms using advanced computer algorithms and ultra high speed data networks t

he is ready to strike a deal enough as to whether bhp bt impacts ninety eight was the case for private individuals incense stick on the street attacks i can pretend to be customizing months wolf. i was going because a new page of history gives reason to read. because breaking news on leaks. the information everywhere you win situations. police checks just me. match. use the fifty one percent honestly i can't imagine seriousness with the snow the fifty one in sydney in the great extraordinary nobel peace prize winners. all of you who have been to the minute. join me as i asked him to change their tune when it comes. fifty one percent in the fifty one percent on costs but got lost and got dark on . a decisive victory the full afghan foreign minister abdullah abdullah needs of the presidential election but not by enough to avoid a runoff. promising to help russia says it will do what it can to secure the release of that scene in lives of those held by pro moscow rebels in ukraine. stop building settlements the release of prisoners the palestinian president gives israel the conditions for

bhp selling some nickel assets. >> lots of minors are selling. the chinese are really the only buyers at the moment. >> thanks for joining us. 7:37 in london. i've it equity groups say that chinese money is changing the way that global and then they deals are valued. this could be the key to the further rejuvenation of europe. >> europe was stuck. the banks continue to try to get better. they continue to try to offload things. the thing that is most attractive is the zombie companies which have been sitting bank controlled for seven years and are starting to come out. >> a little bill murray reference. he keeps waking up on the same day over and over until he has some sort of arsenal reduction. what needs to happen in europe to get off of this treadmill? >> it is not as extreme as the reform needed in japan. some of the protections need to be taken off. we need to take on younger people. reduce youth unemployment and reduce graduate unemployment. the older let some of people move on and go on to retirement. >> what are your discussions with chine

a big thing for bhp billiton and rio tinto. >> the bank of japan governor is all ears when it comes tog the 2% inflation goal. >> gautti eggertson with us. studied under benjamin bernanke at princeton. 1993k at ben bernanke's japan onecturing reflation. why does it take japan so long to right their ship? is it cultural or common sense economics? >> i think it is very difficult to get a central bank to say it wants to increase inflation relative -- >> they are hardwired -- thee have been so used to main problem bringing it down. it has been a shift -- >> do you have optimism about abenomics? >> it was certainly a step in the right direction. it wast the preliminary, largely a success. one of my main concerns was might not have been ambitious enough. it seems that it has been. >> we will pick this up when we continue. we will talk about income inequality, what should the government do about the growing divide? "surveillance," on bloomberg television, streaming on your tablet, your smart, and bloomberg.com. ♪ >> this is "bloomberg surveillance," i am scarlet fit with tom keene and adam jo

multinationals -- i have a handle of bhp billiton from australia but samsung is an enigma.s it supposed to be that way? is in a lot of homes today and a lot of hotels in terms of the tvs you are turning on. i admit, we have samsung tvs in our home. lg drive it. i think samsung has been a better job. >> i think you are more connected than you realize because the particular phone are samsung manufactured. >> in the apple phone an ipad? >> yes, they had this frenemy relationship for a long time. >> they continue to play out. >> what the bank of montrÉal say ? >> if they maintain their outperform rating. they talk about average selling price looking this more -- quarter because of the increased competition. they're looking ahead and wanting s5 lunch will mean. >> i am not big on product mania, but the whole move around the apple stuff will be fascinating. iphone with at an larger screen. >> this time for real, it could be a real revolution. >> i just find it fascinating apple felt the pressure from samsung and both are feeling pressure from the lower end cell phone makers. it g

data on china weak you get weakness in the base metal stocks so you take a look at rio tinto, vale, bhpe on the weak side. some of the earnings you were talking about coke here, worldwide still beverage growth up 8%. wasn't much else i thought was encouraging in that report. j&j, johnson & johnson, beat on the top and bottom line and did raise their 2014 eps. a modest raise in their guidance for 2014. comerica another regional bank in the south, based in dallas, decent numbers, active in california and the southwest, good numbers following on yesterday some of the regional banks. schwab beat, revenues in line but i thought the numbers were pretty darn good. i know the -- a lot of issues with the discount brokers. schwab's numbers and how they reported. asset management up 11%. trading revenue up 11%. net interest revenues up 18%. these are very, very good numbers. so if you're wondering whether or not there's any trading activity going on, there is at least amongst the discount brokers. schwab has been weak because of concerns on what's been going on with payment for order flow and that