a strong producing area for bhp.long been a really lucrative thing for bhp so there is value in these assets. there will be some bias somewhere but as you mentioned, the pool might be a little smaller than it was five or 10 years ago. haidi: what about the longer-term strategy and outlook? what happens after they get out of fossil fuels? what does the future look like for their business model? james: we cannot really make any -- it's hard to make too many conclusions but we know that bhp is looking to end its coal business. they have been very public that they would like to exit coal so getting out of oil and gas would be the next logical step if they want to exit fossil fuel. the ceo, one of his favorite talk it's -- topics is minerals, how he would like or capital exposure to those and i'm talking about copper, nickel, cobalt, the sort of minerals that are a critical component in battery manufacturer, renewables, that sort of thing. bhp looking to boost its exposure there. we have a big decision coming up in canada

we are watching bhp shares on that. lifted its view on bhp shares to 57.70 australian dollars. pulling up the chart on the terminal, our colleagues are highlighting the potential upside for clean energy stocks. falling oil prices and treasury yields may cement that shift by investors which we are seeing -- etf flows. blackrock picking up energy holdings with parabolic growth illustrated by the white line right here on the chart. etf investors are dumping oil and gas producers. haidi. haidi: we do have breaking news right now out of japan. we are getting those trade numbers. the june exports rising 48.6% year on year which is a beach on estimates of a gain of around 46%. when it comes to the imports numbers, also a gain of 32.7%, beating expectations and that leaves a trade surplus at 383.2 billion yen which is lightly smaller than expected. of course, we have a stronger import, not surprising that we have seen those gains in the energy bill boosting those import costs. those exports to china rising more than 27%, to the

bhp made a counter offer. do know is that leaders are recommending that their members reject that offer, saying strike action is the only tool remaining available to us. that is a credible threat because the workers have gone out before, back in 2017. so a vote is due on july 31 so we could see a bit of action in the copper price in and around that day. haidi: we are watching macquarie going to the start of trading in sydney as well, saying that -- when it comes to the annual policy that ranged between 50 to 70%. the contribution was significantly up on a year ago, citing improved trade commissions in the first quarter of 2022 according to the media release. macquarie really expected to be one of the banks emerging with strong funding and capital positions out of the pandemic as well. it is expected to start paying dividends in that 50% to 70% policy range. that is a little bit lower than the top end expected by bloomberg economics, which was 60% to 80%. this is bloomberg. ♪ >> here is a quick check of the lat

we do have bhp group under pressure.ns a challenge for chilly, signaling iron supply could be softer and warning restrictions from china on aussie cold -- coal could remain for a of years. haidi: all right. china will update on its loan prime rates in about an hour. economist are expecting note change. this comes after the pboc cut the rrr. that was a surprise. our next guest thinks that has to do with long-term monetary policy reform. great to have you with us. i want to start this chat to just kind of get a bit of refresher to the multiple options available to the pboc. is it more likely they will continue to periodically tweak some of these targeted measures? guest: hi, haidi. yes, we will see in lpr announcement today in respect the five-year and one year to remain unchanged. talking about the toolkit, i think the rrr cut last week signals a move towards long-term monetary reform to guide markets to focus much more on the price based monetary policy, which is a benchmark. rather than rrr or liquidity management. as w

bhp may get out of oil and gas in a multibillion-dollar exit that would speed up the retreat from fossills. the company is reviewing its petroleum business and considering a sale. it could be worth $15 billion or more. the mobile payment company square has unveiled a financial features for small businesses. one of those features is a checking account that links to a businesses square debit card. they will be no account minimums, overdraft fees, or recurring charges. the cash registers and reader products have become a staple for most small business retailers. that is your bloomberg business flash update. time for stock of the hour. the deal between opioid sellers and u.s. states may be nearing an and with $26 billion as a settlement price tag. dave wilson is here with the breakdown for us. dave: we are talking about a settlement involving johnson and johnson and the three distributors who dominate the market. amerisourcebergen, mckesson, and cardinal health. this has been a couple years coming. there was a 25 billion dollar figure thrown out in october 2019 when there was an initial agre

annmarie: bhp says it will be years on these imports. do you see that, years from china?han: it could be 1, 2, three years. that depends on the message we could send to say this is the type of behavior which will ultimately be rewarded. it is not the way the world economy will benefit from understanding the rules, setting rules, and everyone adhering to the rules. annmarie: thank you so much for joining bloomberg television. that was the australian trade minister fresh from the capital en route to the white house. alix: appreciate that. coming up, lance fritz, union pacific chairman and ceo will be joining david westin on bloomberg television and radio. i am headed over to the cable on dab digital radio. this is bloomberg. ♪ so... i know you and george were struggling with the possibility of having to move. how's that going? well... we found a way to make bathing safer with a kohler walk-in bath. it has the lowest step-in of any bath. it has handrails, a wide door, and textured surfaces. so it gives you peace of mind. and you would love the heated backrest - and the whirl

shares of bhp jumping in asia. the company announcing it will supply tesla with nickel that is a key raw material used in electric vehicle batteries. >>> general motors will halt most of the pickup truck production next week the automaker forced to make the move with the chip shortage. consulting firm estimates it will cost the global auto industry $110 billion in revenue this year. gm will get back to work the first full week of august. it is not a huge slowdown, but it's amazing >> it is you look at the local car dealership lots. they have cars, but not as many, bertha you talk to people and say where are all the cars you say it is because they can't get the inventory to sell because of semiconductors. >> yeah. you are seeing bidding wars on cars, too. are you are not going to get a deal on a car used or new >> a computer with wheels on it. bertha, see you in a few minutes. thank you very much. >>> all right. right now let's get back to the markets and your money you got stock futures higher in fact, afternoon mo

. >>> also, look at shares of mining giant bhp jumped overnight after the company will supply nickel to tesla from a mine in western australia. it is used in electric batteries. tesla said it expects to spend more than $1 billion a year on raw materials on batteries from australia. citing its responsible production practices bhp is at $76.38 >>> gm is halting most of the large pickup truck production in america next week. the automaker is forced to make that move as we see the ongoing global chip shortage alex partners estimates the shortage will cost the global auto industry $110 billion for gm to slow down the big truck production, you know that is a big deal. that is the really profitable sales. >>> dow inc out with quarterly earnings reporting adjusted profit of $2.72 per share. consensus of $2.45 revenue above the wall street forecast dow had to navigate various supply chain disruption, but expects an upbeat second half as global economies continue to recover. >>> we have news from vegas. shares of las vegas sands are under pressure second quarter earnings missing the expectatio

i have bhp and the anglo share prices in front of me. they are in positive territory.berg business flash. laura: softbank shares have tumbled after chinese regulators ordered apple to remove ride-hailing service didi. japan's softbank is the top shareholder in didi, which recently listed in the u.s.. it comes just two days after china's cyberspace regulator announced a review of didi. syngenta is seeking to raise about $10 billion in a shanghai listing that could become the world's biggest ipo of the year. the swiss seed and fertilizer business is seeking to list on china's nasdaq style board, with plans to sell a suwanee percent stake of the company. shares in sydney apple sword after a $17 billion u.s. takeover from a group, in one of the boldest recoveries for global travel. australia's largest airport is at a premium to the previous closing price, though still below the level it traded before the pandemic. that is the bloomberg business flash. anna: laura wright here in london. coming up, our analysts have identified 10 companies to watch going into the second half

bhp making an all-cash copper for a canadian nickel miner as it pushes into the green energy space.o watching spark this morning as the kkr led consortium entered talks with the group after sweetening its offer. shery. shery: let's get a quick check of the business flash headlines paid apple third quarter earnings past expectations with revenue of $81 billion. sales were up with iphone sales increasing nearly 50% to just shy of $40 billion in the last quarter. the excitement was tempered after it warmed sales growth may be slowing and supplies are getting tight. apple declined to provide a specific revenue forecast for the current quarter. a rebound in digital ads helps alphabets quarterly earnings beat wall street forecasts. profit came in at $27.26 a share, topping the average estimate. the advertising business was boosted by marketers spending more to convince consumers to travel and shop has more countries eased restrictions. microsoft reported sales and profits that exceeded estimates for a 10th straight quarter. optimism was tempered by slowing growth in its computing business

bhp is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its from fossil rules. sources tell bloomberg the mining giant is reviewing its business and considering options including a trade sale. the business could be worth $15 billion or more. a jp morgan executive defended the long hours worked by a junior bankers on wall street. the ceo of the's business told bloomberg the intense workload is necessary people master the job faster. >> do you think 10,000 hours is about what you need to master any subject, if someone comes in and has a regular eight hour day job, five days a week, it will take about five years to have a base level mastery. on wall street, it is more like 12 hours a day, six days a week. that cuts you down to 2.5 years before you become mastered in something. >> that is your bloomberg business flash. anna: laura wright in london. coming up on the program, we are in france as the country is planning to pressure its population to get vaccinated. it is providing further incentives. we talk vaccine e-sports, next. this is bloomberg.

. >> yes bhp you're traveling, whether it's by yourself or your family, keeping all of your gadgets chargeut smaller than a credit card. so it's really awesome. it's 90% lighter than so it's really awesome it's 90% lighter than a lot of other battery packs out there. and with one charge to this, it's going juice up your devices up so to five times. so this is a really awesome small one. also, guys could carry it in their pocket i don't know about you, but every time i'm traveling, my husband always throws the battery pack in my purse and it with gets so heavy. this is not going to be the case with this one. >> the other thing i think that is important to have is a wallet that holds everything, it's real clean and easy what do you have >> you have to stay organized. and now that people are traveling again, you want to make sure everyone is in one place. so once you have your boarding pass on your phone, you have this wallet that's going to keep all your credit cards, all your travel documents, your luggage tags, you can also fit your passport in here and it's especially designed for this yo

bhp announced they're out of the oil business, they're selling their assets. been court ordered to cut their emissions. at the same time, there's a strong and loud rumor they want to get out of the permian basin. the majors are running away from carbon emissions for a number of reasons and we're going to have within the next couple years i think three majors in five years, we're going to have a serious oil crisis in this world. maria: so what does that mean for economic growth? >> oh, i think economic growth is going to have to slow down at a point. let's just start with john doe who is on main street wants to buy a home. frankly, wage inflation is certainly not keeping pace with the inflation for big ticket items. we all see home prices skyrocketing, there being a dirth of supply. automobiles don't exist in terms of availability. yes, there are supply chain issues, but frankly, when people are paying higher prices for used cars than their original sticker price and they're not collectibles, we are in a serious inflationary environment and i don't care how hig