but bitcoin keeps on rolling along. interesting because if you look at 2008 when lehman brothers went down, and we are still trying to recover from it. and the other thing that we are learning from this is all the major banks, they have been asked to explain what happens if they lose like 40% of their capital, and they can't. but we are in a situation where a major exchange has lost 40% of its capital, and we are going through a legal process by which reasonable things will happen. emily: so what can exchanges do to better improve themselves improve security? ,joseph: well, it is not a matter of just the exchange. it's a matter of the user. one of the important things is don't put any money on the , exchange that you are not actually exchanging. it is just easier to hold your bitcoin in a hardware wallet that you can control. the other thing you can do is money across different exchanges , that way if one exchange goes down, you do not suffer a total loss. emily: but is that a good long-term plan? it sounds like stuffin

it is a big player in the bitcoin community.tty big hack. >> surging in italian trading today, samsung wants to buy the auto parts division of the company. it is valued at $3 billion, so why does the -- fiat want to sell the business? why is samsung interested? sell isiat wants to quite clear, they have an obsession on making the targets, one of the most important targets being from going to $5 billion in debt to $4 billion cash. it will help a lot, if you sell it for $3 billion, then you get really close to the target. why samsung is interested? it is all about tech companies and car companies coming together. we heard that they are particularly interested in a unit of the lighting business and the connectivity business. it looks like they both have an interest in this field. >> india's upper house approving the creation of a national sales tax, a decade after it was first proposed trade many say this is it -- it trades. many say this is a game changer. >> we have seen the parliament approved unanimously yesterday. this is conf

it's a shame for them frpbl because bitcoin, while this thing has been -- with the s.e.c., bitcoin ishundred%. it's a shame, because a good return -- i know, because good returns can help draw traffic. so it's a bummer for them that it's been that well without the e.t.f. approval. remy: does this speak to potential confidence and what they're doing with all the changes, these 11 to 12 changes? eric: i think it's more about the s.e.c. every time they make a change, you can almost see them addressing an s.e.c. concern. remy: let's get to the new companies. tell me about each of zphem how hey compare with each other. eric: bitcoin e.t.f., big ifference. that could be a way that they leapfrog the winklevoss, which would be an utter shame, because the winklevoss had obviously bad luck with the facebook situation, and they were really ahead, three years ago they filed. but they apparently chose not to do insurance. i don't know if that's a game changer for the s.e.c. i'm not sure if it would jack up the expense ratio. all this is unknown. but it is interesting differentiation. the other one

bitcoins offline. in terms of how they moved the coins, they are working with law agencies toand track where the coins have been moved. repeato not want another and what is the company doing about this? been communicating in the company is shutting down working with law enforcement agencies and updating us with the latest findings. >> thank you for that look at bitcoin and the fall and the region. we have the results from hsbc they came out and we will have an in-depth look at them. >> back with bloomberg now. announced the shares buyback at the end of the year with the founder and the president of the asian bank. first of all, what is your take of the figures? well, i think the market was guided correctly and there are no surprises. to the fallributed in the income and it is not surprising. this is the most important aspect in this. the number of potential unknown factors that could have cropped up but didn't, basically, home andets are not doing well china is not doing well on the trading front and t

some have had their bitcoin stolen. said that the u.s.sits are not impacted , so really it is only if you kept it at the exchange that you were impacted. china dominates bitcoin, overnighted percent is traded in the chinese want -- yuan. it is a big player in the bitcoin community. this is a pretty big hack. italian trading today, samsung wants to buy the auto parts division of the company. it is valued at $3 billion, so fiat want to-- sell the business? quite clear, they have an obsession on making the targets, one of the most important targets being from going to $5 billion in debt to $4 billion cash. it will help a lot, if you sell it for $3 billion, then you get really close to the target. why samsung is interested? it is all about tech companies and car companies coming together. we heard that they are critically interested in a unit and theighting business connectivity business. it looks like they both have an interest in this field. house approving the creation of a national sales tax, a decade after it was first proposed trade man

david: this is the skeleton around which bitcoin is built.: bitcoin is fascinating by itself but i think what is more fascinating is the technology underlying it, blockchain. it has more uses than just a digital currency and i would argue it could even be the beginning of sort of the disintegration of the corporation as we know it. david: spell that out for us because what you described is a very egalitarian sounding system. if there are any number of companies, investors lining up to harvest this technology, how do you square that? peter: because there are various transition periods, you plug it into your existing business. it makes a bank run more efficiently because they can have a better idea of the reliability of their customers and they can do transactions other banks, in a reliable way. what i'm talking about is 10, 20 years down the line to a point where corporations start to not need to exist in the form they exist today. right now, why does a company exist? this goes back to 1937. the theory is it is too hard to do transactions at a

bitcoin is new technology. it's like writing an airplane in 1915.eral decades from now it will be mature and safe, but right now it is really new technology. it's a good idea if you are interested to find out as much about it, but it's not something you want to put all your money in. as technology improves, don't hackers improve and aren't some of them just always one step ahead? guest: it's not just about hackers. it's about people and processes. as we learn how hackers work and how the system works, we can improve our processes. we have a major exchange that fell down, but at coin keeps rolling along. that is interesting because if you look at 2008 when lehman brothers went down and we are still trying to recover from it. the other thing we are learning is all the major banks have been asked to explain what happens if they lose 30% of their capital and they can't. but we are in a situation where a major exchange has lost 40% of its capital and we are going through a legal process by which legal things will happen. scarlet: what can exchanges due t

we take a deep dive into the technology behind bitcoin.ock chain could end companies as we know it. at the risk of embarrassing myself, what is blockchain? peter: it is a chain of blocks. david: now i do feel embarrassed. peter: each block is a bunch of data recording other data and it sits out there in the ether, not just on one person's server. it exists in mirror image all across the internet so it is secure by the very fact that it is shared. there is nobody in control who can mess with the digits and change them around. it is also cryptography, guarantees it cannot be easily modified. you have to really put a lot of effort into securing this stuff so the idea is that it creates trust. if something exists on a blockchain, as i said in the article, it is true with a capital t. david: this is the skeleton around which bitcoin is built. peter: bitcoin is fascinating by itself but i think what is more interesting is the technology underlying it, blockchain. it has more uses than just a digital currency and i would argue it could even be th

but central banks and brace bitcoin?ter of time until things around the world introduced their own currency. ise to talk about the risk max. great to have you on here. we have known each other for years and years, ever since i bought my first bitcoin. >> in the studio, you bought it. wonder ifny case, i we hear all central banks talking about this, or who is asking about the possibility for digital currency? forefrontow, the players have been the bank of england, the bank of canada, and some south american banks have expressed interest. as we know, in the op-ed, the u.s. has not taken this idea very seriously or had any proposals about this. the fed, they are not interested or have not shown any interest yet. why would they though? what are the benefits that a single -- a central bank would get. >> one of the immediate financial benefits is they don't have to print money anymore. that is one of the immediate financial benefits. one of the other benefits is you will have more targeted my trade policy. you will about the c

. >>> hackers created a costly problem for bitcoin.old $65 million worth of bitcoins. the breach forced bitcoin trading to come to a halt. now when trading continued, the value of bitcoin fell 20%. however, the u.s. dollar was not impacted by the hacking. >>> it's a giant leap for space travel. silicon valley startup might be the first private company to get approval to head to the moon. how about that? the company is called moon express. based in mountain view. moon express plans to send a small robot like this one to explore the moon next year. the faa needs to inspect this, the rocket before the company can lift off. if all goes well with the mission, the company eventually wants to create a space station that allows rockets to refuel mid-flight on the way to the moon. >> that's high-tech. very impressive. >> oh my gosh. >> that is pretty cool stuff. >> very cold on the moon. >> yes. >> much warmer here. you know, it's going to get cool. >> yeah. pretty good cool down coming our way in the next two days. i know a lot of people are g

technologyusing the behind bitcoin to hold organizations more accountable.o use is because of the transparency it affords. that'ss tamperproof, and why they are using it to tackle china's charity industry, hit by a series of scandals, a murky industry trying to regain trust again with block chain technology. gain useroping to confidence when they donate the money. able to track of their donations history and see where the money is going on a clearer basis. rishaad: how are they building it out? block chain is what they are building right now. have a future where they want to bring in charity organization and auditors with access to the block chain and be able to audit and work with projects in terms of donations. charity how did china's industry get in this mess in the first place? you said it is a murky world. >> i think it has been these incidents we have seen in the past. in 2002, china's top watchdog was investigating a charity organization, saying they saw a regularities. , we remember the incident with the red cross, a young lady posting photos of her

the breach was limited to bitcoin wallets, with coins stolen from some users.exchange may need to settle margin positions. bitcoin plunged after the hack was revealed. it is cooperative with all enforcement on the theft. wasapore's largest bank supporting holdings shortly -- the bank has confirmed in an e-mail statement. wiber was executing a restructuring plan to reduce levels. that projectsberg were on track and had no overdue payments with the bank. singapore, looking like this, down by .5%. was suspended from trade a week ago. rishaad: coming up, the latest read on the health of the chinese economy. the service purchasing managers index is to be released. latest effortss have essentially failed to impress investors. ♪ rishaad: you are back with "trending business". the yen surging to a three-week high. worth $275package billion, 44 billion to be spent this fiscal year. hurting the economy in the longer term? great to see you. what was your reaction when it was announced? we knew what was going to happen, but we got the details, or did we? a bit too early to

the hong kong exchange got or so about 65 million bit -- bitcoins were stolen.he total capital is in the billions, a huge interruption in the markets. that does it for bloomberg markets p are what did you miss in the market closes next. than performance to go before the close, you have everything in the green right now and the dow is up 25 points. this is bloomberg. ♪ ♪ we are moments away from the closing bell. i am scarlet fu. i am joe weisenthal. "what'd you miss?" matt: i am matt miller. ♪ scarlet: oil rebounding to $40 a barrel, stocks going higher. media earnings take center stage. 20th century fox out in minutes. joe: credit showing signs of weakness. is that a signal of concern for other asset classes? matt: hillary clinton will be u.s.ext u.s. president if consumer confidence continues to rise, according to our guest. scarlet: we begin with market minutes. the dow ended its seven-day losing streak, s&p 500 also climbing. s&p rebounding from its biggest lost in four weeks. we are trying to weigh different things like the latest jobs data and corporate ea

. >>> nearly 120,000 bitcoins have been stolen in hong kong.ng on the digital currency exchange was suspended. amount translate to about $77 million at least week's average price. but after the news came out, the price of bitcoin dropped nearly 20% bringing down the value of the stolen bitcoins to about $65 million. >>> toyota delaying the launch of its new plug-in prius hybrid. a spokesman said it would reduce production of the model called the prius prime but output would pick up based on demand. sales have been sluggish in the u.s. since it went on sale in february. low gas prices boosting demand as you might not expect for suvs and pickup trucks. >>> shares of biogen soaring more than 9% yesterday following a "wall street journal" report that it was a takeover by merck and allergan. but allergan is unlikely to pursue that deal. the stock will be closely watched today and drum roll, please. guess not. coming up, the adp private payroll report. the numbers and market reaction are straight ahead. check out the futures at this hour. drum roll.

the website also lets you buy tickets with bitcoin and western union./// ((brian loftus)) >>> here is what people said about it on our 8 news now yonatan said: the apr on that is ridiculous people will end up paying a significant amount more. rachel said: other than for emergencies, wouldn't it be easier to just save up money and then book? kristi said: so a normal $800 flight will now be $1400-ish, sounds like a bargain. ((brian loftus)) >>> is there life out there? the newest find that has astronomers searching for alien life very excited... next on 8 news now, the valley's news leader./// ((you're watching 8 ((brian loftus)) >>> astronomers looking for signs of alien life say they have found something interesting. years from earth is emitting a very strong radio signal. it was detected by a russian telescope. researchers say if artificial-- the signal could be evidence of a hugely advanced alien civilization./// ((brian loftus)) >>> that's all for 8 news now live at noon.. the valley's news leader. remember that 8 news now is always available at las vegas now dot com, facebook and

the accent bitcoins down more than 20%. that is your bloomberg business flash. guy: thanks.acob zuma says he will listen weakters after the anc's performance in elections following a series of corruption scandals. let's bring in our guest, peter attard montalto, senior market strategist at nomura. we talked about turkey before. turkey has growth. s.a. has no growth. its problems are laid bare. how problematic is the ability -- how big a problem is it for this country to generate any structural reform when the anc has the political problems it has? peter: that is the point, what do they do next? [indiscernible] i think the real thing we have to think about is, the internal policy contradicts within the anc. even if you strip away the politics, there are fundamental disagreements as to what direction policy should go in. do we want looser labor laws? that is just one example. there are still so many contradictions bouncing back to buying, growth policy, and introspection. it is still going to be really difficult. now all eyes will focus on this elective conference. 's number o

the bitcoin virus and uber's robot chauffeurs had finished the job.nly sign that humans were here, the ramshackle buildings and the windmills that kept

it is involves a credit check and 10-30 percent apr and you can buy tickets with a bitcoin. >> if you are planning to hit the road this weekend, the gas prices at the lowest twins 2004. the average price for a gallon of unleaded is $2.22. that is 27 cents lower than this time last year n. wisconsin it is a little more. 2.25 in the milwaukee area. that is cheeper than the 2.70 we paid this time last year. >> if you are staying in town over the weekend, browse a 140 third ward art festival. 36 of the artists are from wisconsin and showing jewelry and pottery and photography. >> a texting scandal again for congressman anthony weiner. >> the wisconsin lawmaker in on the controversy. >> right now, people in teresa. how they're celebrating her life in the days before she officially becomes a saint. >> and police, still searching for the person who killed nine-year-old za'layia jenkins. the new information on that investigation and what happened just minutes before the shooting. >> but first, we're on weather watch. some storms moving in this morning. when the rain will reach us and when you

the website also lets you buy tickets with bitcoin and western union. coca cola is replenishing all of the water it uses to make soft billion liters of water back to communities and nature. that's about 115- percent of the amount of water it uses to make its products. the company had announced the goal of replenishing all the water it used in drinks by 2020. drone regulations are now in place across the country. monday was the first day people could take a commericial drone pilot exam-- under the new federal rules. more than 33- hundred people signed up to take the exam. under the new rules-- drones may not fly hier night. the drones must be under 55 pounds... and must remain in the visual sight of a human operator. the f-a-a regulations say operators will no longer need to get a pilot's license.. " over the next ten years, commercial, unmanned aircraft systems could generate more than $82 billion for the u.s. economy, and by 2025, could be supporting as many as 100,000 new jobs. f.a.a. says the changes could open up opportunities from rescues, to inspe

the website also allows you to buy tickets with "bitcoin" and western union. (( weather )) now fox5 weather 24/7 with chief meteorologist ted pretty more heat expected through the workweek with cooler temperatures ahead for labor day weekend. we'll see 103 on tuesday with 102 expected both wednesday and thursday. friday we'll see 99. southwest breezes start wednesday afternoon and continue thursday and friday to around 25 mph in the afternoon. for labor day weekend expect 97 saturday, then 96 both sunday and monday. stronger afternoon gusts will be with us saturday and mph. more heat expected through the workweek with cooler temperatures ahead for labor day weekend. we'll see 103 on tuesday with 102 expected both wednesday and thursday. friday we'll see 99. southwest breezes start wednesday afternoon and continue thursday and friday to around 25 mph in the afternoon. for labor day weekend expect 97 saturday, then 96 both sunday and monday. stronger afternoon gusts will be with us saturday and sunday to around 30 mph. "fitbit" finally debuts a fitness band you can swim with... we'll look at

fannie: crypto currencies like bitcoin -- they have not attracted much it tension from rick and mortar banks until now. and international banking alliance aiming to set up their own digital currency -- the project is headed up by deutsche bank and ubs. the new currency is called utility settlement coin and is designed to make transactions between banks cheaper and faster. they claim it's a way to clamp down on fraud. new system could be in place in two years. let's get our new york moneyman to bring us up. it seems like a cashless future is on the horizon. guest: i still have a few bucks in my pocket, but i have more money on my bank account and my credit card. if we look at what the banks try to achieve here, it's more about the settlement of securities trading. what they try to do is automate those settlements and it costs a lot of time and money for we are talking aliens of dollars each year and if we use the regional economies to try to automate that and save money, this approach is not necessarily meaning that we are nearing the cashless future sooner. fannie: there is concern it

the website also lets you buy tickets with bitcoin, even western union. >>> time for a look at what's coming up at 11:00. a local community outraged after their homes were damaged. the the damage and what's being done about it. >>> and a massachusetts employee from down syndrome gets an unforgettable party that the whole community can be very proud of. those stories plus breaking news. >>> and marking a century is so yesterday for a michigan woman who is about to turn 110. her life is a time line of history. edie survived two world wars, survived the great depression, she will turn 11011 -- she will turn 110. >> her favorite president was franklin roosevelt. but he could be unseated by another woman poised to make history. that would be hillary clinton. >> i learned that you treat people definitely the wayt you want to be treated. you -- you don't take things for granted. that's for sure. >> well, after all of that living, her greatest achievements, her two sons and eight grandchildren. her birthdy bash will include a visit from the mayor and others. >> you treat people the way you >>

bitcoin has plunged after one of the largest exchanges halted training because hackers stole about $65 million of the digital currency. it slumped 30% in the last two days. it is still investigating the loss and cooperating with law enforcement authorities. global news 24 hours a day, powered by more than 2600 journalists and analysts for more than 120 countries. you can find more stories on bloomberg. i am paul allen. this is bloomberg. anna: paul allen with the latest news. let's check in with the markets. stock losses deepening in the asian session. a second seeing session of losses on the regional index driven by the weakness in japan. we are seeing the yen weekend. it is down .2%. stennis plan's came through yesterday. it was such a buildup and such a letdown. we have seen stocks in japan fall today. the topics and the nikkei off for the third session in a row. also in hong kong where we have only one stock higher, we are seeing significant selling coming through on the rest of the index. the shanghai and asia market has a little of an upside. china just coming back online along w

notorious hacker known as peace is allegedly selling this information on the dark web in exchange for bitcoins. security experts say it appears the information is from 2012, so at least some of those accounts and passwords may be inactive. peace is known for hacking into other social media outlets like linkedin. use strong passwords or give up your passwords altogether and use yahoo's more secure account key log in. >>> colleagues and friends are remembering david moglen and an economics professor at foothills college shot and killed last week in san jose. ktvu ann rubin has more from foothills college where many say that the grieving has just begun. >> reporter: at foothills college, it's finals week. administrators had to break the news. david moglen a beloved economics professor had been killed. >> to learn that a valued colleague is simply gone and under such circumstances of violent death, it is just overwhelming. >> reporter: it happened near willow and sherman in san jose on july 28. sources say moglen was gunned down trying to chase a man who robbed him. colleagues say it was in his na

tickets with bitcoin and western union./// ((denise valdez)) >>> the department of trasportation is warning drivers of the congestion to expect this labor day weekend. an added 315-thousand people are expected to come into town.. nearly 200-thousand of them by car. that means you should expect delays along the strip and the i-15... so plan to leave a little earlier if you need to get through there this weekend. that said... the rtc says less people will be riding the bus... so the transit system will run on a weekend schedule on >>> the lvcva has released a new "what happens here, stays here" commercial... they call "postcard": (( wife: "i just got a postcard." husband: "oh yeah? neat." wife: "from you." husband: "oh, uhhh 'work trip canceled, headed to vegas for the weekend, love me.' huh, that's nice right? oh, p.s. phone dead. sad face emoji." )) ((dave courvoisier)) >> the ad is the second in a series of three new ads. youtube dot com slash las vegas. if you can believe it... the highly successful "what happens here stays here" campaign is now in its 14-th year!/// ((tedd florendo)) yes

as a matter of fact, we end up with a bitcoin. and now we walk into part of the show where we have american enterprise talking about the social and cultural history, which is really your history, of capitalism, business, the common good. but before we get to that, here's one of my most favorite objects, the tucker car in mint condition, which when it came out in 1948, 1949 was a total innovation. everything which i love is the centered front light that goes out to the ways in which it was styled and the ways in which it was to operate. you can see within this the role of invention and you can also see within this the stories of people who are very successful and created a market and some people weren't, so it is an important item to understand in america. the ways in which we as people have dominated how we understand one another. and in this cart, which is called the red river cart, it is an extraordinary story of women out of canada bringing in pelts into the area around st. paul to trade. and what they were doing was circumvent

as a matter of fact, we end up with the bitcoin. so you can see over time how we understand value, trade, exchange as we go forward. and now we walk in to part of the show where we have american enterprise, talking about the social and cultural history, which is really your history, of capitalism, business, the common good. but before we get to that, here's one of my most favorite objects, the tucker car, in mint condition, which when it came out in 1948 and 1949 was a total innovation, everything which i love is the front light, the centered front light that goes out, to the ways in which it was styled, and actually the ways in which it was to operate. so you can see within this the role of invention and you can also see within this the stories of business where some people were very successful, and created a market and some people weren't. so it is an important item to understand in america the ways in which we as people have dominated how we understand one another. and then this cart, what is called the red river cart, is an extr

the website also lets you buy tickets with bitcoin and western union./// ((brian loftus)) >>> there's a lot that goes into a child's backpack... more than parents may think. ((kirsten joyce)) >> as they start the new school year.., doctors want families to think about the bag they use... and how much of their things it can carry. kenneth craig reports. nine year old jackson montgomery is getting ready to start fifth grade..... with a new backpack. his father was concerned about picking the right one. (jason montgomery, there's no doubt, they're carrying a decent amount of weight this one is designed to carry more weight and evenly distribute it. the bag has more straps and compartments. about 54-hundred kids are treated each year for back pack injuries many of them sprains and strains .. to the shoulder or lower back . pediatrician preeti parikh recommends that kids avoid messenger bags, use a bag with two wide, padded straps to distribute the load, and make preeti parikh, american academy of pediatrics spokesperson) take the child's weight, and do 10 percent or even less if you can b

. >> it could be the next bitcoin. >> or not at all. it does look like a rock or piece of cement i don't think he had any idea what it was. lots of questionable stuff here. >> you just don't believe. >> national enquirer. >> i had to answer questions about a weight loss product. >> and i did it gladly. >> i don't know if you remember this. last year there was a story with this headline. can we have that? it says man who found piece of whale vomit discovers it is a worth -- worthless rock. do you worry that could happen here? that was an awkward -- >> when i found out that whale vomit was worthless i was blown away. i didn't even think about this. what test was derrick doing in college? >> it is right through the spectometer. >> they had to send it out to the experts in italy and new zealand and mars. >> there is a standard test he reportedly found on youtube. >> what made him suspect? >> that's why i say i don't believe him. >> i think you do believe him. >> i i don't. >> i know what you are trying to do. >> what? >> you will run home a

the technology behind bitcoin. world war ii grave robbers and what is being done to stop them. and more ahead on "bloomberg business week." ♪ i am with the editor in chief of "bloomberg business

thinking we need some sort of government mechanism, even if it is only hours, because we have had some bitcoinnd hacks, questions about which block the right one and wrong one. there needs to be something for that, the same way there is for the internet. you.: great to talk to as we had to break, donald trump peaking at an event in tampa, florida, at the florida state fairgrounds. he will be speaking later in jackson, mississippi. later tonight. you can watch the speech on the bloomberg. this is bloomberg. ♪ david: this is bloomberg "markets." fighting crime from 10,000 feet. a surveillance plane has been circling the city of baltimore since january. from chicago. now the company is persistent surveillance systems. you top picks and sibley with the company's founder. what is this plane able to do? the plane is a regular cessna but it is outfitted with a very sophisticated array of cameras. basically 12 high resolution cameras that are all fixed together. that produces an image of the city of baltimore that is 30 square miles. it creates a real time constantly updated google type consult,the po

the website also lets you buy tickets with bitcoin and western union. people in china are hopping into line to get into the newest cafe in hong kong. the cafe is called "rabbit land" and, you guessed it, it's all about bunnies. the owner decided to bring a rabbit cafe to hong kong after being inspired rabbit cafe allows its patrons to come in for a rabbit snack and to play with rabbits around the restaurant. ""i like rabbits because they are very cute. i like feeding them, and they are very soft and fluffy.'' the owner says cafe is getting so popular...that people are making sport. we can learn a lot from kids. tom pipines goes beyond the game with a cultural exchange, that's a homerun. i don't think they'll realize it until it maybe until their adulthood what this really was, but at some moment in their life it's going to click; guerrero duran-known by his nickname of players-manages the felix mantilla little league team featuring 9, 10 and 11 year old players. when we caught up with coach chato, his team was preparing tor a special trip. not just play

the technology behind bitcoin. world war ii grave robbers and what is being done to stop them.e ahead on "bloomberg businessweek." ♪ david: i am with ellen pollack, the editor-in-chief of "bloomberg businessweek." let's start with a section about preschool in japan.

tuesday, it halted trading with deposits after the hack, sending bitcoin value down 20%.issan is an early opponent of electric vehicles and has been talking to panasonic to selloff battery units. they plan to dispose of 51% stake in automotive energies of light. the automaker is in talks of companies outside japan, including chinese firms. a spokesperson says the reports are speculation. terms for a first timeshare sale they plan to offer 680 million shares at a price range of 11 hong kong dollars $.87. they will use the proceeds to fund overseas businesses and develop wealth management. shares will start trading on august 18. we have had the latest trade deals from china with a surplus of $52.3 billion. great tos is khiem do, have you. we just got these figures fresh off the press. change.nues to dollar terms-wise, trade still very sluggish. importantespecially numbers, i would like to see the important numbers actually rising to really project the image that the chinese domestic economy is doing better. so the export numbers come i think, look fine. but i think if the i

the hong kong bitcoin exchange that lost $71 million to hackers is starting to come back online.he virtual currency. last week, the exchange closed trading, withdraws, and deposits after it discovered the hacking. discount retailer steinhoff is expanding into the u.s. they have agreed to buy a mattress holdings of houston for about $2 billion. the acquisition would create the ding seller.est bed u.s. regulators have find deutsche bank $12.5 million for equipment.e of its they say it broadcasted confidential information through their internal speaker network. that is the bloomberg business flash. politics, where donald trump is hoping to get back on message. in a few minutes, he will unveil his economic policies at the detroit economic club. he is expected to promote a ban on regulations and repeal the estate tax. jennifer jacobs covers all things donald trump for bloomberg and joins us from washington. what will be the main message that he will want to get out in the next half-hour? what he will say is he is starting a conversation on how to improve the economy. he wants to focus

technology behind bitcoin. for securities without waiting for additional money transferred.improve transparency for regulators. for some of its acreage in the shell region in south texas. the explorer wants to raise cash to develop its best prospect. -- company is listing also offers for about 25,000 acres. expected under $500 million. investment authority buying almost 10% of empire state realty crud -- trust. the middle eastern country's sovereign wealth transition goes to a $22 million investment. and that is your update. oil dropped to a one-week low today after a report showed u.s. crude inventories unexpectedly rose last week. head of commodities research at morris predict they will go even lower. he has changed his target by nearly 10%. why.er today, he explained >> this is a market going into balance. we have two imbalances in the moment. a huge supply of crude inventories. an oversupply of inventories, luckily in the data areas like oklahoma. we are not readily seeing what is happening in the rest of the world. we believe crude oil inventories are actually going dow

will stillhey investigate details and cooperate with law enforcement, and of knowledge that some of bitcoinsbeen stolen from users. powered by over 2400 journalists in 150 bureaus around the world, let's get the latest in the markets now. midweek, the selloff we are looking at right now began yesterday. fell .6%.s if you put everything together, we are down 1.5%, roughly speaking. that was at the close on monday. some of these markets still look attractive, indonesia, for example. still outperforming. philippines it received declines, only two stocks. -- a bigng seng index story here, a merger. we are looking at the kleins here in south korea. concern, 180 million for the company. what do we do now? it is about the dollar recovering some of those losses overnight, weakness in the yen and euro. that is just about the story across the market. a little bit of dollar strength coming through. big story here, the selloff in japan, thursday into this morning. that is stabilizing a little bit right now. yields rising across the region. ♪ emily: this is bloomberg west, i am emily chang. , uber'sls in

here is an example of different types of paypal accounts, with different balances, for bitcoins. they are proud of the fact that their valid rates are 98% so you should definitely shop at cc for all. here is an example of the bulletin board where you can get information. hings like hiking -- hacking e-books. from stolen paypal to bank account -- how? [laughter] russiana site, the site. this is where i did not have enough reputation points to get access to the forum. there is other information you can get. finally, this is where you can rent a hacker and he or she -- no, he has many of his skills -- i would love to say she. perhaps. has many of the skills you can hire. thank you for your time. [applause] >> we continue to follow members of congress in their states and districts as they chronicle their travels and activities there. we start this time around in wyoming where cynthia lummis and dennis taylor were inducted into the ym -- dennis thaler were inducted into the wyoming agricultural, -- hall of fame. they got into a photo with cowboy joe. the fourth-generation mascot. this

the website also lets you buy tickets with bitcoin and western union. drone regulations are now in place across the country. today is the first day people could take a commericial drone pilot exam-- under the new federal rules. more than 33- hundred people signed up to take the exam this morning. under the new rules-- drones may not fly higher than 400 feet or at night. the drones must be under 55 remain in the visual sight of a human operator. the f-a-a regulations say operators will no longer need to get a pilot's license.. " over the next ten years, commercial, unmanned aircraft systems could generate more than $82 billion for the u.s. economy, and by 2025, could be supporting as many as 100,000 new jobs. " the f.a.a. says the changes could from rescues, to inspecting utility lines, to helping farmers check their crops millions of people are set to hit the road this holiday weekend. and there is some good news for drivers this labor day... gas prices should be at their lowest since 2004. triple-a says the average price for a gallon of regular unleade

the bitcoin virus and uber's robot chauffeurs had finished the job.gn that humans were here, were the ramshackled buildings and the windmills that kept spinning, and spinning with nothing to power. everybody had abandoned earth.

hackers took yearly 120,000 bitcoins in the second biggest breach ever in u.s. dollar terms. >>> still to come on worldwide exchange, your money, your vote. donald trump heads to detroit to roll out his economic plan. we'll talk expectations coming up. first, as we head to break, here's the national forecast from jen carfagno. >>> we've had a lot of rain in store for the gulf coast. it started happening over the weekend with more than a foot of rain out around cedar key, florida. we'll keep it going today. it's north of tampa along florida's nature coast. along the emerald coast and destine and panama city. the rest of the southeast looking at rain still. the northeast looks phenomenal. the front is through. humidity is down. temperatures are up. very comfortable thanks to that low humidity. northwest we had thunderstorms over the weekend. we'll see the risk for that today. cloudy with 69 degrees. windy and warm across the high plains. that trend will continue across the southern plains. temperatures in dallas hit 1 hurn-plus again today. that's your coast to co

a bitcoin exchange collapsed in tokyo after its customers lost nearly $500 million. the u.s.ahead for a company to fly to the moon. planning to send a robotic lander next year and plan to send photos to us here on earth. for lower back pain sufferers, the search for relief often leads... here... here... or here. today, there's a new option. introducing drug-free aleve direct therapy. a tens device with high intensity power that uses technology once only available in doctors' offices. its wireless remote lets you control the intensity. and helps you get back to things like... this... this... or this. and back to being yourself. introducing new aleve direct therapy. find yours in the pain relief aisle. >>> officials in italy say they are open to giving the u.s. mail t -- military to make strikes against isis. so far no word if u.s. officials have made any such requests, and we reported that the u.s. is targeting libyas isis locations the combat planes have been taking off from a navy ship. savages have released a new magazine attacking christians and jews, it even has an editor