you are watching daybreak asia.jeff -- japanese prime minister has asked for international cooperation to do with the follow from brexit. he is looking with senior government ministers in the bank of japan. he is calling for calm at the open just a half hour from now. sayse: christine lagarde policy action in the next few days will determine the short-term impact of brexit. the imf director says there is no president for decision. to focus on reducing uncertainty, but there is no panic in the markets. betty: the leaders of the brexit campaign may not be in any rush, and parliament president says martin schulz says they must an act article 50 and leave the block by tuesday. anything else would threaten the jobs and economy. the british media morning that they have no plans. -- warning that they have no plans. boris johnson is leading that. britain has to outline what kind of relationship it wants to have with the european union in the future, and then leave the 27 member states. we have to decide to what extent we ca

welcome to daybreak asia. let's go straight to japan, where we are adjusting the rep up between the meeting of shinzo abe and the boj governor. >> this is the third meeting ever since we had the brexit vote. the yen went crazy, touching 99 -- usually volatile session. this is what we are getting so far between the prime minister and the bank of japan. the bank of japan can provide liquidity if needed. they can add funds to the market if necessary. trying to, reassure saying that japanese banks have known problems with funding at the moment. corona explaining the funding process at the meeting. abe coming out earlier, saying that the finance minister must continue to pay careful attention to the market. they have been discussing the brexit, what potential issues may arise. he also says he sees no problem with raising funds, keeping liquidity ample in this market. not just in japan, but since the vote happened on friday. it has been a paramount concern for officials. we are looking at reaction when it comes to t

betty: you are watching "daybreak asia."e are just over half an hour from the open in japan, korea, and australia. back to the u.k. referendum. joining us is roland vogt, assistant professor of european studies at the european university of hong kong. great to have you with us on this crucial day. what is your initial take on these results? is it too close to call? roland: definitely. it will be a nailbiter. referendums in general are very difficult to predict, very difficult to declare in advance. one really has to wait for the results coming in from all 382 counting areas and sort of see what comes out. if we have a close call, it might take some time. it'll take a few more hours for us to get a clearer picture. but what is interesting, the results coming in from sunderland and newcastle, the first major metropolitan areas that declared results. the remain vote in newcastle was very marginal. not a big margin of voting to remain. so that is an interesting result. yvonne: the fact it is so marginal, so narrow, this disparit

be sure to 10 in for bloomberg daybreak asia at 7:00 a.m. hong kong time.ou can watch it on bloomberg where ever you are. moore bloomberg markets coming up here after the break. ♪ david: time for options inside. jim joins me here in the studio. we're seeing a broad rally over a brexit fears, in terms of energy, financials, etc. what is your take on this? rally for riskve assets broadly. we pointed out this morning that the s&p 500 10 day realized volatility did not get above 9% in june. for those who feel like we went through some sort of shocking u.s. equities, he did not. british pound volatility is as high as it was in 2008 in the midst of the financial crisis. got to the highs from february and august. volatility, equity what was left out was u.s. equity volatility. we make the assumption that volatility has he and markets anticipating the brexit outcome with the u.k. eu.ing in the a lot of people are talking about brexit. puerto ricoing at and what is happening there. why are you looking at puerto rico? what's interesting here is, there is an opportuni

asia daybreak is next. ♪ ♪ tokyois 8:00 a.m. in as a survey asked the fallout of brexit. "daybreak asia" ♪ ." ♪ emergency talks in tokyo, the government and boj meeting to discuss the strengthening yen and the implications of brexit. europe tells the u.k. to invoke article 50 by tuesday amid speculation lrs

tune in for "daybreak asia" with betty liu.p, the carnival discusses how it's business is slowing here in europe. this is bloomberg. ♪ brexit effect is already hitting the cruise industry. carnival says it's cutting european capacity. the world's largest cruise operator plans to reduce capacity in europe i 5% in the fiscal year. miami, us with more from the carnival ceo and president. arnold, nice to have you here on bloomberg. let's talk about capacity in europe. taking it down by 5% steer, what went into that decision? >> our decision was made way before the exit vote. that was just around the capacity, moving to china and other places in the world. part of it was the increase in capacity this year due to our new carnival ship, carnival vista, built over in europe. so, she is doing a european itinerary for a while. in china we see great growth. that was part of it. it really was prerequisite. -- pre-brexit. carol: is terrorism at play as well? there: we have had issues in boston, sydney. number one it's always safety for our

in new for daybreak asia. you need to know to gear up for tomorrow's trading day. that is next.loomberg. ♪ scarlet: breaking news from goldman sachs, buyback of shares, although we don't have the actual number. it will boost its dividend. in addition, it may issue and redeem capital securities, which are a hybrid of corporate bonds and preferred stock. goldman sachs one of the banks that passed the stress test. morgan stanley miss the qualitative part of it. matt: it was a statement that does not list any numbers. ♪ on the show tonight, convention plots and speaking slots, 19 days ago until republicans convene in cleveland. first, the world still reacting to the attack in turkey yesterday. the total number of people who have been killed is now 41 according to authorities. more than 200 injured, by three suicide bombers, who turkish officials say have ties to islamic state. hillary clinton and donald trump have each weighed in in the past day. let's review what they have said. the attack occurred before 3 p.m. turkish time.

for bloomberg daybreak asia.: coming up, what you need to know to gear up for tomorrow's trading day. that's next. ♪ scarlet: i'm scarlet fu. "what'd you miss?" the ecb forum in central portugal begins tomorrow officially. joe: also don't miss this -- tomorrow at 9:00 on a case schiller economist are looking 0.58% increase in housing month over month. matt: and we are getting gdp figures out from the u.s. economists are looking for 1%. that's all. thank you for watching. ♪ john: i'm john heinlein. emily: and i mark halperin. with respect to twitter, john heilemann says don't read the comments. mark: on the show tonight, a workweek that started with a political bang. you have your brexit aftermath, pair of supreme court decisions, but you've also got two democratic party superstars sharing a cincinnati state and drawing attention to laura --

. >> be sure to tune in for betty's new show, bloomberg daybreak asia. 7:00 a.m. hong kong time. also watch on bloomberg where you are. do not forget to watch that. the biggestxt, fixed income rise in four quarters. is this a sign of things to come? ♪ ♪ let's take a quick check on where markets are headed. look at the chart to see the misdirection that we saw. markets could not anywhere to go for two and a half hours. you can see here we are losing a little bit of steam heading into the close but we are right around the height of the session. but not a lot of movement. to come of offe by 5%. >> that is a good point, volume is very light. you look at the industry groups within the s&p 500, energy leading the way up about 1%. telecom and tech are also higher but it is a mixed picture with six out of the 10 industry groups gaining. ,he losers are the materials which includes automakers, retailers, as well as the health care group. but the declines are not too large. >> a light day. some positive news for banks. after a plunge in bond trading revenue, and -- it is the biggest increas

this is "daybreak asia." ♪ >> choice made, searches on speculation that the u.k. in the european union. stocks have gained, leading the s&p within 1% of the record. the pound is above $1.50 the first time since december.

welcome to daybreak asia.

in new york, bloomberg daybreak asia. ♪ you guy's be good.u later [ bark ] [ bark ] bye. see ya pal. ever wonder what your pets do when you leave home? [ laughing ] aw you cutie pie. aw. aw. aw. aw. [ barking ] [ washing machine running ] party's on! know what your pets are up to with xfinity home. xfinity. the future of awesome. see the secret life of pets, in theaters july 8th. alix: we have breaking news on the banks trust test. all 33 banks have exceeded the minimum requirements. ---- exceeding the minimum capital ratios. be $385 loss would billion in the most severe hypothetical scenario they have outlined for the banks. human too bring in discuss these results. this is the first of stress tests. there is no pass or fail here. >> of course they like to say there is no pass or fail. if anybody was below the minimum capital requirement after the scenario, they would have failed miserably and would have had to come up with some action, such as raising capital so they could not fail next week. the reason the fed does not like pass/fail at th

exclusive more of our interview with li ka-shing, tune into "daybreak asia" and you can also watch it wherever you are. we will turn to u.s. politics. donald trump has pledged not to self fund his campaign and the general election, but he said this morning that he may end up using some of his on financials. >> i spent $55 million of my own money to win the primaries. money but evenf any standard. i may do that again in the general election. this after reports show his campaign lags hillary clinton's and fundraising last month. the brink in stephen of venomberg -- we brink in ste of bloomberg trade he actually was cloned -- he actually loaned $55 billion -- $55 million that he expects to be repaid. been hishis has message all along, a talking point for a long time for donald trump and a lot of things in this campaign, we see that natural tension between the strength of the primary election , trump strength in the primary clashing with water now weaknesses in a general election. fundraising is one of them. he trailed by tons of money. david: go through some of the numbers. he collected

joining us is our reporter in our bloomberg anchor of "asia daybreak," betty liu, who has also been fallingfollowing the story. why would this combo make sense? musk, what he is saying could fans of his brand go to one stop shopping, right? they can get their solar power, their energy storage, and charge with an applecar brand, and like you have apple and itunes, and you can share apps, that kind of a thing, and it probably helps them with the of his management of his time. solarits his time between city, spacex, and tesla, and gets the least of that, so it could make things simpler for him. for shareholders, it is a lot tougher rationale. scarlet: to what extent is this a defensive move? some are subsidized and are very competitive. yes, we are seeing this in some of the biggest markets, like brazil, turkey, chile. have a lot of capital, and they are building out and requiring a lot of companies. this may not make a lot of sense, as jamie was saying, for tesla shareholders, but if you believe in the future of solar energy, i believe prices are about where -- there are estimates that the pr