plenty more to come on "daybreak: asia." we are half an hour away from opening day in singapore. there could be a little bit of escher as we are seeing the regional benchmark at the lowest level in a month. you are watching "daybreak: asia." a clear day in the city. japan's economy grew for a second straight quarter. it is standing the longest expansion in more than a decade. boosting gdp by and analyzed 4% in the second quarter. private consumption jump 9/10 of 1%. -- presidentg 2% trump is preparing to turn up the heat on china over what the u.s. perceived as the fact of intellectual property. memorandumo sign a to consider launching an investigation. it would focus on u.s. companies operating in china. democratic lawmakers are .eviewing for an investigation -- once the committee to force the bank to disclose its internal review of more than $300 million in loans that president trump had before he ran for office. the government will issue discussion papers ahead of talks on august 28. talks has ledof them to morning and ou

this is bloomberg. ♪ is "daybreak: asia."e geopolitical risks we have seen with north korea. the surprise winner of all which is the chinese yen, could you imagine a year ago this would be a safety haven play for investors? if you look at the bloomberg, you see the yen surging to an 11-month high in the past couple of months or so. $6.65.seeing it hit some people are saying we could see more in the next couple of weeks or so. we are continuing to see that this currency is overbought. eb,do have the likes of s when of the best forecasters of the yen. they are taking profits because they don't see further upside from here. they are saying it has recently turned a little neutral and is seeing a slowdown. we don't need a stronger currency. betty: we have heard some of the analysts coming on our program saying the yen will remain particularly meeting later this fall. question, raises the what does it take to be a safe haven currency? are there certain requirements of it not being the dollar or the yuan right now? let us look ahead

welcome to "daybreak asia." u.s.tocks rose and the dollar strengthened as the economy is on firm footing. president trump keep the pressure on north korea, saying the time for talking is over. from bloomberg's global headquarters, i am betty liu in new york. it is just after 7:00 p.m. this wednesday. we look at uber with new, core principles and a possible ipo in 2019. warren buffett has a warning for central bankers, saying it is fraught with risk. ♪ betty: we are getting breaking industrialth korea production for the month of july, coming in better than 1.9%, year on year. estimates, they expected a decline of 2/10 of 1%, but we see a rebound of 1/10 of 1%. the prior month was revised lower, that is what you see a bigger rebound. nonetheless, it speaks to the same conclusion among economists in south korea that the economy continues to grow in the second half, fueled by exports as well as domestic consumption, despite all these headlines we had the last 48 hours on north korea. yvonne: that is right. the economy is

thank you for bringing that to us on "daybreak: asia" tonight. can get a roundup of the stories you need to get your day going on today's edition of daybreak. bloomberg surprises go to dayb . it is also available on mobile in the bloomberg anywhere app. you can also customize your settings so you get news on industries you care about. check it out. this is bloomberg. ♪ ♪ this is "daybreak: asia." expedia's new ceo says his predecessor will be fantastic at uber. with him for years and says he will be a great fit in his new job. he says expedia has been working on succession plans for some time. his departure was not a shock. >> you talk about these things for years. you prepare the team for the big one, and you get a call sunday night, and suddenly the game is in -- isn't in two weeks, it is now. it unfolded like that we were all ready for this eventuality. i don't think it unfolded the way we planned, but i think we were excited. we are excited for dara. i think he will do a fantastic job. reporter: when it comes to you and your job, you say n

this is the second hour of daybreak asia.n hong kong where it is just after 8:00 a.m.. betty: it's just after it :00 p.m. in new york, i am betty lou. we have been following the earnings season here. just getting the number from crown results. the will likely dominate in trade in the local markets. here in the u.s., we will be focused on the jobs report. yvonne: that will be the key thing to watch. looking for some type of indication of a wage growth and the monthly number that gets , let's lookoned in at how the rest of asia will play out. betty: we did have u.s. stocks largely off the tremor and that is expected to be the case in asia. we had a number of local drivers earnings like toyota on the radar and then we had japan cash earnings as well as retail sales. we have risk playing out the. that is trading near a one-month high, weighing on the nikkei 225, which is opening lower, 4/10 of a percent. check out the cost be gaining. -- the kospi gaining. rising,an won is now snapping a three-day drop here. elsewhere in the regi

this is bloomberg. ♪ ♪ this is "daybreak: asia ." r is spending billions of dollars to pursue a technological transformation. the ceo says going digital has already paid off. an impact on see our revenue lines. our mortgage business in singapore, for example, our business in wealth for example, all of them are important pieces of revenue. but we go to the fact that we have digitized the way customers engage with us. we have also seen important improvements on the expense side, and that is because the cost of our customer acquisition -- as well as our politics because we killed the paper. the improvement in our cost income ratios from 46% a couple years ago to 43% is a testament of the incomement and cost lines. outside of that, the other place where we see the benefits is to realistically expand into markets like india and indonesia at some scale. hard tofinding it very expand into those markets because the brick and mortar strategy is hard to make work. reporter: you were the first to identify alibaba as a possible -- what is your di

that is it for us here on daybreak asia. th rish and heidi. >> standby for "bloomberg markets" this is bloomberg. ♪ ♪ 9:00 a.m. in hong kong and singapore. a look at our top stories. tackett leading the asia-pacific up. apple assuaging fears with a confident prediction for its new iphone in autumn. of united states, gm and ford hitting the brakes. i am haidi lun in sydney. back, up, the brics are inward

♪ betty: this is daybreak asia.changes and clearing has the second quarter profit of $230 million. a 14% increase. bolstered by a surge in training -- trading and the number of listings. wasetty decent result, what the driver of all that? >> we have seen hk benefited from the strong surge in equities globally. one of the best performers in the first half. it has definitely helped on the equities trading side. >> you kind of see that when the stock goes in tandem with what we see with the rest of the market. the exchange really high hopes when it came to the derivatives business. it's all revenue fall from 22% in the first half. ?hat is the response >> they blame the low volatility few months, it was a surprise. it seems to underpin the lighting in green hong kong. that is going to be the big challenge for the exchange. charles williams said he is unlikely that they will win the rpl, which has all of the exchanges salivating. what is the latest on this? been seenng has not as the top favorite to win the ipl. -- the i

we have more coming up on bloomberg daybreak asia., this is bloomberg. ♪ ♪ yvonne: this is daybreak asia, i am yvonne man in hong kong. betty: i am betty met in new york. that his hoping performance at movies at the parts will outweigh its ball in unit. fall in the miedia >> we hear a lot about its media networks. that represents the biggest size of the pie. this is at 45%. you can see the next biggest slice is steam parks, that is 32%. then the movie studio and is consumer products. thenthere have been huge subscrr losses ever since 2010 or so. for the past three years, espn has lost 9 million subscribers, even when factoring in tv over internet services. recently, when you look past june, even though streaming losses,is hoping the yes p.m. has been losing subscribers in that last month. pessimismays the around espn was how the exaggerated -- highly exaggerated. that is despite falling ratings. espn is down 14%. espn2 is down 38%. disney channel is down 23%. disney tv networks are bracing for a drop in at network -- ad revenue. it is

welcome to "daybreak asia." all options on the table. president says north korea has shown contempt for its neighbors and the international community permitted pyongyang says it out to fire more missiles. they say it is a prelude to containing guam. betty: i am betty liu in new york where it is just past 7:00 p.m. the president visits texas and says the flooding is epic. initial estimates, damage could top $100 billion. uber picks up scrutiny from the justice department. the ride hail are make -- the r may have violated laws on bribery. ♪ betty: it is like deja vu, only we do not have a missile tests, but more headlines from north intermediate there range missile was a prelude to more action in the pacific. in particular, in containing guam. stern words, saying they are watching the u.s. and their demeanor. i want to bring up this chart that shows how things seem to be changing quickly in north korea. look at the number of missile tests that have been fired within the last 12 months. in this report since president trump was elected, we a

this is bloomberg. ♪ shery: this is "daybreak asia are co- asia."ng they stand firm on their buyillion offer to on gore. this has been a controversial bid. bonds in the market to try to block this deal. management opposed to the deal. case, saying they are going to stand by this $9 billion offer. let's of headlines. also lots of headlines coming out of asian economies. all the job numbers. we will be discussing all of that. we are expecting those numbers to look pretty good. the economy is expected to have added 20,000 other jobs. we will discuss this along with the philippine gdp with the finance secretary. betty: is it from "daybreak asia." this is bloomberg. ♪ david: you are now both former presidents. mr. clinton: nobody plays a song when you walk into a room anymore. mr. bush: i did not bring the coffee. david: what do you say to each other? mr. bush: generally, when does this program start and when is it going to end? mr. clinton: he'll say to me give shorter answers. david: what was the biggest surprise the first day you are in the oval offic

this is bloomberg. ♪ ♪ this is "daybreak asia." a rare drop in revenue last quarter. it is also announced it is dumping a deal with netflix to begin streaming its own entertainment and sports directly to consumers. chairman and ceo bob iger told us it was a strategic shift. my guess is distributor's will look at this more as a threat than anything else. is not intended to be that. are we are doing is we reacting to marketplace conditions and taking advantage of the quality of our brand, the passion of the product we create , and the technology that enables us to reach tumors directly. you look at disney's business, except for the parts, virtually all them reach the consumer through third-party conservators. big-boxverything from retailers to motion picture theaters and i could go on. this is an opportunity for us to reach the consumer directly and that is important step for the company in terms of growth. >> help me understand this correctly. if i sign up for the app as soon as it is available -- early 2018, is that right? bob: yes

this is bloomberg. ♪ betty: this is "daybreak: asia."k and south korea after the north fired a missile. this is what we seeing here. a big spike. shares up 11%. betty: we will certainly be watching how those trade throughout the session. a yen gained earlier on that passncement as the missile over japan from north korea. prime minister shinzo abe saying the government is urgently collecting intelligence on the incident. we now know that japan and u.s. officials have been in touch. we have not heard anything yet from president trump. running as now for more is matilda. -- when you see something like this, more headlines coming out, that will further the japanese yen rise. what do you expect, if anything with these headlines? will there continue to be this bid upwards for safe haven? >> it has fulfilled its traditional safe haven prospects . it has given back some of its gain. we will see a little bit more of measured trading on the yen. it will not continue to strengthen. clearly, it always reacts in these kinds of events. we will see the

you're watching "daybreak asia."o the first word news with haslinda amin. >> at least 13 people killed and more injured when a van hit pedestrians on a famous barcelona street. two suspects have been arrested in what police call a terrorist incident. it echoes similar events in france, germany and the u.k. spain has a history of terrorism. passengers on a plane were killed in madrid. >> our neighbors in madrid, nice, brussels, berlin or london have experienced of the same or the people of barcelona have. i want to convey the affection, solidarity, and affinity of the whole of spain and the world. >> president trump is said to have abandoned plans for a infrastructure counsel with -- which would've advised on his $1 trillion program to fix bridges and roads. he signed an executive order on the panel in july but failed to make any formal appointment. it follows the cancellation of two other advisory councils after leading business figures quit. japan has begun a public debate over casinos as big players to also for pos

we will talk more about trump's policy later on "daybreak asia." alf an hour, we discuss immigration with a u.s. law firm focusing on that sector. betty: and more on nafta and what the negotiations mean of four asia. a former trade negotiator with the japan's foreign ministry and his perspective. this is bloomberg. ♪ ♪ shery: welcome back, let's get a quick check of the latest business flash headlines. they have rolled out a partnership with the yelp in four u.s. cities to tap into chinese travelers. tourists will be able to pay in yuan for those that acceptalipay. it is available in new york, los angeles, san francisco, las vegas. they can also shop at 4 million u.s. merchants. betty: apple selling almost $2 billion worth of bonds in canada to get dividends. a spread of 80 basis points over the benchmark yields. it would be apple's first canadian bond sale. on this storyd the just broke on uber getting investment. ♪ shery: it is 7:30 a.m. thursday here in hong kong. a clear day out there. and rainy,ly hazy but a beautiful day in the morning here in

that is it for us on "daybreak: asia."is up next. ♪ at one point, your father left your mother. mother found herself with four kids, no money. david: let's talk about ibm. ginni: we are the champions for business. david: do you see ceos are willing to say, mr. president, that is not a good idea? do you feel a certain responsibility? ginni: women still need good role models. -- >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it ay

welcome to daybreak asia. we have the view from jackson hole. policymakers in wyoming. investors are watching for central bank policies. we inflation is not a crisis. and for bloomberg's global headquarters, i'm betty liu. profit falls in a record. they want to fly directly to london and new york. and the samsung boss awaiting a corruption verdict. that verdict is going to be closely watched in south korea. markets are waiting with bated breath, on the fed speakers at jackson hole. be payingen will attention to tomorrow here in the u.s.. there were some jitters in the markets. ceilingk about the debt rattling investors. the dow off 30 points. off 1%.aq also s&p down 2/10 of 1%. the declines are there but not as much as you might expect. most investors are on the sidelines awaiting janet yellen and her comment. >> yes. we are pushing pause. talku can say anything to down that rising euro. in asia, prettier than brawl -- wall street. we have rallied for eight of the past 10 sessions. it has been a decent two wee

-- the next hour of daybreak asia.yield curve at 8:30 a.m. in hong kong, 8:30 p.m. in new york. this is bloomberg. ♪ betty: breaking news, the uber meeting minus the ceo. according to the new york times, the board is set to vote on the new ceo. they want to announce the decision first to their employees and then publicly. hass like yvonne, the board voted. it will replace the founder and former ceo. [please stand by] they could be seeing news in the next hour when the markets open. this is bloomberg. ♪ ♪ 8:00 a.m. in hong kong. we are live from bloomberg's asia headquarters. the top stories this monday, headlines from jackson hole. central banks on to verging paths. jay y. lee to appeal his sentence, the corruption verdict with implications beyond samsung. >> welcome to "daybreak asia" from bloomberg's global headquarters. it is just after 8:00 p.m., gasoline surges as harvey s, shutting 10% of capacity. ago, thenews moments bydochs have been out did cbs to buy the 10 network. ♪ of jacksonrecap hole, not a lot of headl

this is bloomberg. ♪ yvonne: this is "daybreak asia.": gary cohn is emerging as the clear front runner. this is according to a survey by the national association for business, economics. it has been quite a popular story on the bloomberg. for more on the impact of that ,hange at the top of the fed louis alexander is with us, executive director of the fed board and counselor to the treasury secretary prior to joining nomura. the tcu today. are you one of these economists who have checked the box? leading think he is a candidate, but we have a long way to go. trump said he would not make the decision until the end of the year. this administration, a lot of things can happen. he is the leading candidate, but it is far from certain. betty: being the leading candidate, and he is in fact the nominee, have you gained what that could mean for the fed in monetary policy? caroline: this at -- lewis: this administration wants growth. so i do not think we should change.ome big on the other hand, he is not a professional economist. we have gotten use

welcome to daybreak asia.'m betty liu. it is just after 7:00 p.m.. washington steps up sanctions on north korea despite welcoming the recent restraint. appealing to his core support in arizona. >> bracing for a big one. raised,ber eight being it was not too bad. we were laughing about it. but we are seeing things escalate. we are seeing dark clouds, wind and rain that could strengthen persistently. here is why. this storm heading straight to the city. on thed to make landfall western part of hong kong. there is a chance this could be bigger than a ta. already as you mentioned, reaction to this storm. we hope you stay safe. the stock exchange canceling premarket trade. limited transport services. ordered toe been shut down. the last time the markets were closed due to a storm was october 2016. this is not a regular occurrence by any means and one to watch how the fx trading in hong kong. news onsome breaking bhp. onre has been so much focus their earnings results. some saying they need to do more. we are gettin

so much plenty more to come on "daybreak asia."berg. ♪ check of thek latest business headlines. china's largest restaurant review company may be looking to build a warchest as it takes on rivals backed by alibaba. raise $5alks to billion in a funding round that may value the company at $25 billion plus. have submitted a merger plan for approval by a 40's. the hong kong list of shares jumped. liky: it is a big day for kai chin. they saw their best month since to growingthanks confidence in the european economy. officials remain upbeat on inflation. convinced that weakness will snap back. are they right? this is bloomberg. ♪ who knew that phones would start doing everything? entertaining us, getting us back on track and finding us dates. phones really have changed. so why hasn't the way we pay for them? introducing xfinity mobile. you only pay for data and can easily switch between pay per gig and unlimited. no one else lets you do that. see how much you can save when you choose by the gig or unlimited. call or go to xfinitymobile.co

this is "daybreak asia," coming to you live. i am betty liu in new york. 7:00: it is just after a.m. in hong kong. i am shery ahn. we are seeing geopolitical tensions being great for global markets and volatility retreating as well, but i guess the key question is whether president trump's new actions on china will in fact stoke more trade tensions. betty: we have not seen that affect the markets before, but who knows? the markets are even more jittery these days. it seems like you cannot make sense of what headlines will move what index. you may as well follow buffett. i'm pretty confident you will make money if you follow him. our sources talk more about that story. shery: with the rally here, we are setting up for a bullish trend in asia. betty: that is always good advice, isn't it? always follow buffett. out onseeing korea independence day and usually around this time, we could have further escalation of tensions. so far, as he mentioned, the market seems to be weathering all of that. new zealand is up .5% as well. story for

spoke to bloomberg daybreak: asia about the company's goals and how geopolitical uncertainty ways on >> it has not been very satisfying for us. it grew by high single digits. the growth has been consistent across all regions, europe, asia, latin america and north america. that gives us the confidence that travel business is resilient. in spite of all the noise we here in the marketplace. >> you hear the noise in the marketplace. once again europe sees terrorist attacks that continue to be devastating for much of the region as well as the world. how are you gauging that right now? will we see this shrinking sentiment in that part of the world when it comes to travel or just sales for samsonite? >> honestly we don't to the impact. it is not good to say that, the people don't stop travel. these actsee any of of terrorism that are happening every now and then, they do not stop people. spain, and then next day our sales in madrid were quite fine. i think the whole society tends to get a little bit more immune to what is happening around the world. you don't want to stop living life. >> tak

to join daybreak: asia designed to watch my exclusive interview with jack dorsey.t will be running throughout the day. hyperloop one gets closer to its futuristic transportation reality. we will talk to the cofounders about the historic test. ♪ we check our phones 85 times a day. so it only made sense to create a network that keeps up. introducing xfinity mobile. it combines america's largest, most reliable 4g lte with the most wifi hotspots nationwide. saving you money wherever you check your phone. yeah, even there. see how much you can save when you choose by the gig or unlimited. call, or go to xfinitymobile.com. xfinity mobile. it's a new kind of network designed to save you money. mark: president trump today publicly endorsed legislation sponsored by senators tom cotton and david perdue that would reduce illegal immigration to the u.s. -- legal immigration to the u.s. pres. trump: the green card reforms would give american workers a pay raise by reducing unskilled immigration. this legislation would not only restore our competitive edge in the 21st century, b

be sure to join daybreak: asia in time to watch my exclusive interview with jack dorsey.will be running throughout the day. coming up, hyperloop one gets a step closer to its futuristic transportation reality. we will talk to the cofounders about the historic test. ♪ >> it is 11:29 a.m. in hong kong. i am paul allen with the latest first work news. has denounced corruption charges. lee has denied corruption charges. he has been in detention since february as part of a widespread investigation into corporate influence in government. hong kong lawmakers visited the terminus of the new high-speed mainland linking to china. it will cost almost $11 billion. the project is controversial because of a so-called co-location area where china can impose its laws. the terminal is expected to be ready by the and of 2018. put the dow in a record. collect 280,00 to donate-- he plans most of his fortune to charity. global news, 24 hours a day. this is bloomberg. i have a check on the markets. the tech euphoria not lasting long. cost have the tech heavy be leading in the region. asian min

you are watching daybreak asia. first word news with haslinda amin.a, mexico, and the u.s. want an ambitious nafta outcome after the first round of talks in washington. there were few details, but all three are committed to the 21st standards -- 21st century standards. they want agreement before politics takeover. u.s. and mexico have elections coming up. president trump will address the nation monday on u.s. policy in afghanistan. he and his team met at camp david. he said decisions have been made but gave no details. troops could be sent back to train local forces and show u.s. commitment to the elected government. the president had previously demanded to know why the presence in afghanistan was so long. thousands marched through hong kong in support of three democracy activist jailed in the 2014 occupied protests. two of them were given community service, and the third a suspended sentence, but an appeal sent them to prison for 6, 7, and eight months respectively. they say the judiciary is under threat from the beijing-backed government. indian ipo

don't miss our exclusive interview with jack dorsey on bloomberg daybreak: asia tonight.o second-quarter earnings per share beating estimates by , r.o.e. increase. stocks now unchanged. aig up by him was 1%, operating earnings per share higher than the most bullish estimate out there. "what'd you miss?" thedow hit 22,000 and record high, but transports are 6% below that. let's turn to abigail doolittle on what that might mean. technical me is the .esearch analyst let's answer that question about the diversions with another question from the terminal, will we get a correction before the end of the year? one of our users saw your coming on and typed in that question. >> this is the dow. this has been an incredible bull fromt, up almost 250% 2009. it is still going up. place, ands are in moving averages are rising, so long-term aspect remains positive if we look at their weekly . a you look at march, we have mac d momentum that suggest consolidation, but that takes place against the backdrop of a positive, ongoing bull market. >> let's look at the dow transports. could you t

yvonne and betty are up next with daybreak asia to look at the next few hours. comments from governor kuroda, saying the deflationary mindset when it comes to japan is pretty hard to shape. don't get too optimistic just yet. yvonne: it goes thoughts we have -- echoes thoughts from our next guest, a former boj policy number. he said they have not changed behavior for financial institutions and household. they remain risk-averse, but a lot of future looking when it comes to bond purchases at the , ¥80 trillion to ¥60 trillion. she says they cannot maintain the current framework. it makes the boj policy more uncertain and ambiguous going forward. betty: also what is her -- hurricane harvey's impact on the u.s. economy is uncertain. it will reverberate around the country. the chief economist will be joining us to talk about that later. haidi: yeah, and we anticipate volatility and oil -- in oil. we will be live in beijing. it is it for us. this is bloomberg. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just un

cofounders airbnb's and chief strategist speaking exclusively on daybreak asia. >> coming up, we arewing equities until the end of trade. you can see the stoxx 600 pretty much flat, gaining about 1% in yesterday's session. that is not going anywhere fast. looking at european equities overall, it is commodity producers and oil and gas companies that are on the producers. sterling hitting a five-week below. this is bloomberg -- five-week low. this is bloomberg. ♪ >> 11:00 a.m. in new york. there are 30 minutes left in the equity trading day in europe. is the european close on bloomberg markets. here are the top stories we are covering from the bloomberg and around the world. president trump is dealing with a departure of more ceos from a council. we will discuss the potential fallout. european equities gaining today. they appear to once again embrace risks. they will tell us where the ultra-wealthy are putting their money. mining giant ramps up borrowing in the first half of the year. we will speak to a company executive and find out whether the dividend is at risk.

welcome to "daybreak asia." u.s.ed as the economy is on firm footing. president trump keep the pressure on north korea, saying the time for talking is over. from bloomberg's global headquarters, i am betty liu in new york. it is just after 7:00 p.m. this wednesday. we look at uber with new, core principles and a possible ipo in 2019. warren buffett has a warning for central

we will get all of the action in daybreak asia. this is bloomberg. ♪ what should i watch?rts. it's so fluffy! look at that fluffy unicorn! he's so fluffy i'm gonna die! your voice is awesome. the x1 voice remote. xfinity. the future of awesome. ♪ betty: the united nations putting sanctions on north korea, confident they can bring the nuclear program to a hau lt. in manila,nsions saying chinese actions in the south china sea have eroded trust. positive payroll numbers expected to lift asian markets. the yen little changed after friday's slump. upnda in braces

. >> welcome to daybreak asia. i'm betty liu. it is just after 7:00 p.m..ions on north korea despite

betty: "daybreak asia this

welcome to "daybreak asia." welcome to the party, china's must send -- much-anticipated congress.t brexit talks and in deadlocks. the u.k. refusing to assess financial obligation. from bloomberg's global headquarters, i am kathleen hays. tropical storm harvey drenched texas but could have a much wider impact. the u.s. economy is expected to take a hit. strictly

welcome to daybreak asia. we have the view from jackson hole. policymakers in wyoming. watching for central bank policies. we inflation is not a crisis. and for bloomberg's global headquarters, i'm betty liu. profit falls in a record. they want to fly directly to london and new york. and the samsung

welcome to "daybreak asia." the latest rocket passed over northern japan. nogon says it threat to north america and no attempt was made to shoot it down. bloomberg's global headquarters, i am betty liu in new york, where it is past 7:00 p.m. on this monday evening. texas bracing for more chaos as harvey gathers more strength. trump promising billions in federal aid.

welcome to "daybreak asia." the markets to detract modest advance. the yen weakens.stors. higher commodity prices for the rise in profits. in newi am betty liu york, where it is just after 7:00 p.m. on monday. the turmoil on washington beginning to worry investors. a hedge fund investors as he is tactically reducing risk, and

welcome to "daybreak asia." all options on the table.s north korea has shown contempt for its neighbors and the international community permitted pyongyang says it out to fire more missiles. they say it is a prelude to containing guam. betty: i am betty liu in new york where it is just past 7:00 p.m. the president visits texas and says the flooding is epic. initial estimates, damage could top $100 billion.

you can catch the interview today on bloomberg daybreak: asia.t's to the bloomberg business flash. cvs and walgreens sued for overcharging on copayments. medicinethe fact that was cheaper. they clawback the payments for the managers which pocketed the difference. walgreens had no immediate comment. goldman sachs talking about bitcoin. dollarsyst said real are not worth the cryptocurrencies. bitcoin has 200% this year with -- it did notng discuss whether to buy the digital currency. all street investment banker bonuses will rise while trader bonuses will stay flat this year according to a compensation consultant. advising and transaction fees rose four of the five biggest firms last order. it offset lower trading results. hedge funds and asset managers should hold steady overall due to revenue pressure from the index funds and passive investments. and that is your business flash update. julia: what you need to know to gear up for tomorrow's trading day. from new york, this is bloomberg. ♪ scarlet: don't miss this. data including u.s. ppi. bill dea

"bloomberg is daybreak: asia." ♪ rishaad: the violence in virginia, 20-year-old white man is chargedh murder. the president deflected criticism. haidi: u.s. moves to core the rhetoric on north korea. senior officials say war is not imminent. smash estimates in the second quarter gdp, soaring while corporate price also rising. bank ceo is a high-profile victim of a money laundering scandal. he is set to step down next year. we are looking at china retail sales with production. on top of that, six asset investments. . 56. we saw this huge spike up when they interviewed all that stimulus. 35% increases in the investments in china. we have been going down ever since. looking at a number of a .6% increase. 86%th, nonetheless -- increase. growth, nonetheless still being propelled. productiono got data, 7.6% there. retail spending at 11%. is going towards a non-mac europe -- nonmanufacturing site. that is what we have to look forward to one hour from now. haidi: one of the missing puzzle pieces, giving that we have had trade numbers. when it comes to the chatter of economy stirring when sta

it's just daybreak in asia right now. sure to hear from the chinese about this, would have. >> what will it take to get actual diplomacy, diplomatic tal talks? >> a fuf of us just met deputy sullivan. he said secretary tillerson hasn't changed since he first went to asia when he came. he's not going to negotiate his way to the negotiating table. he's willing to talk, but north korea has to send a signal that it wants a diplomatic solution, and that would be stopping nuclear tests, stopping missile tests, and committing to some kind of dee nuclearization. it doesn't have to be a full-scale stopping of everything, but it has to be a signal that it's ready to solve this problem diplomatically. certainly we are going to hear, i think as will said, the rhetoric is just going to go sky high. i think the concern is that they'll move further away from that, wolf. >> elise, thank you. will ripley, thanks to you as well. >> if i could just add quickly, would have. >> go ahead. >> the north koreans said just last month that denuclea

. ♪ this is bloomberg daybreak: asia i'm emma chandra.re is a huge deal in the e-commerce payments business today. u.s. payments process has agreed to buy the u.k. group. pointal is valued at 10 $4 billion. consolidation has been increasing. blackstone group agreed to buy taste safe group. softbank is close to making a billion-dollar investment in the online sports store fanatic. the deal would increase the value to about 4.5 billion. it sells licensed sports apparel. in germany the country's largest renewable energy generator underlined its full-year profit outlook. it also posted profit growth that beat estimates. the company said financial debt reduction will allow more spending and substantial growth. tomorrow we will hear from new york fed president bill dudley. we will get ppi. cpi all aboutet inflation. still with us is david kotok of cumberland advisors. your take on the inflation story. >> there isn't any. it's interesting. we had 50 people in maine last weekend and everybody is talking about inflation between one and two. and is

daybreak here. york, 1:44 over in asia.rough in hong kong, up .round if you are stateside, you might want to focus on that. businessto bloomberg last. >> amazon has sold unsecured bonds to fund its acquisition of whole foods market according to a person with knowledge of the matter. the longest portion of the offering was sold at a yield of 1.45 percentage points above treasury. the sale marked the first market for a by the world's largest retailer since 2014. reporting first-half profits. the danish brewer said earnings before interest, taxes, and 652time items rose to million dollars. reduced cost and benefited from currency shift and russia and asia. says toshberg's ceo will join us for the first interview of the day. and power holdings among companies considering stakes in offshore wind fund. according to people familiar with the matter, infrastructure partners are also weighing in. toepresentative declined comment. representatives for aviva did not immediately respond to requests. aviva is in exclusive talks to lineup

asia. good morning, this is bloomberg daybreak. i am jonathan ferro alongside alix steel.ws. futures on the board dead flat is the story. in europe, we are raced some of the losses. euro-dollar a racist some of the gains from yesterday. we are down 4/10 of 1%. atth of 120 the south of 120 1.1928. at 2.14, we are at the bottom end of the range for 2017. alix: unbelievable. having the hurricane harvey impact on commodities, wrestling at a two-year high. the brand spread continues to widen. how much production will be stuck in the u.s.? that is the question for that spread. gold barely up by about $.50 is that safe haven trade unwinds a little bit. i am watching copper. people talking about $7,000 a ton. how did we get there we are also scared in the copper -- in the market? let's get the update on what is making headlines outside the business world. emma chandra is here with the "first word news." emma: tropical storm harvey is now hitting louisiana. that is after dropping more than 50 inches of rain on southeast texas. the storm is blamed for at least 18 deaths in the houst

asia, which is highly leveraged. >> hold that thought. we have more to get through. nandini stays with the "daybreak" team.next, we have a conversation with the australian trade minister, who says the strengthening of the aussie dollar is a concern. we will bring you our interview a just in the next couple minutes. this is bloomberg. ♪ ♪ just can't 2:30 in the afternoon, dollar-yen, moving -- 1%.y by 1/8 of one to we have had great numbers from japan, 36 months in a row. an additional couple lines. producer, 37.3 billion euros first half --usted, 930 million euros those are the numbers coming -- uniper.ver guy johnson and matt miller will be introducing the ceo. let's bring you another story on our bloomberg business twitter account. who is the world's most feared investor? it is this man. the evolution of who he has taken on board or if he has challenged. he has challenged the biggest mining companies in the world, warren buffett, a whole host of issues. aen some would say, he had hand in the impeachment of south korea's president. in our guest. the title of this story is the most feared investor. it says

asia's top choice for premium flyers and need to attract chinese travelers. the first half lost on wednesday of more than $150 million u.s. haidi: that is also it for daybreaksherry and betty are up next. let's take a look at what we will be watching as the asian trading week gets started. clearly geopolitics will continue to dominate. north korea -- shery: the u.s. people were saying there where -- we are not facing an imminent nuclear war. and also talking to south korea's ambassador to the u.n. i have not spoken to him in a decade. i knew him from my time covering the foreign ministry in south korea, he is the perfect person to give us perspective of where south korea and north korea are in the geopolitical tensions. betty: sounds like a great voice to have, a voice of reason amid the rising tensions. on this chart i have, 8641, tells the story of japan. this is what we are expecting, gdp numbers coming out in the next hour. nicholas smith will be joining us to talk about that. and shery,betty will follow this story, the turmoil with the australian lender. in the last few minutes, they will step downeo and retire by the end of 2018 financial year. this c

daybreak." coming up later today, we will bring you president trump's presidential address on afghanistan and south asia . ♪ now to your bloomberg business flash. ackman.aying no to bill they rejected nominees for the board. adp andaken a stake in is calling for changes of the company. jeff in mel will soon have -- immelt will soon have a title once again. he is the front runner to be the new ceo at uber. a direct is at the right hailing company may vote within two weeks. he stepped down as ge's ceo at the beginning of the month. assets under management at the total return bond fund declined 13% from last december. they say the story is an accurate and is not concerned about outflows or the performance. double line says the biggest funds received -- that is your bloomberg business flash. alix: in the energy market, it was all about total, agreeing to -- the oil and gas showing a sign of the accelerating pace of energy deals treated take a look at where these energy companies really have to come from. this is ma . the red line is the average premium, both of those have moved lower. the total deal val

daybreak. i'm caroline hyde in london. about .1% in the s&p 500. dax up by .4%. in german trading on the back of m&a news. we saw asia.5% in japanese stocks at a two-year high. let's look across asset classes. looking at the euro shaking off that number. .p .2% is the dollar weakness playing into this? with thesee parity british pound as soon as the end of the year. , nymex crude oil off by 1%. opec and allies talk about how they can reduce supplies. concerns about the supply not going anywhere. i just want to focus on steel. metals up 4%. seeing them outperform in europe. emma chandra is here with the first word news. north korea is vowing harsh retaliation over you and sanctions. to launch threatened thousands of revenge attacks .gainst the united states the north koreans say they won't enter negotiations on their missile program until the u.s. and hostile policy. maduro isnicolas claiming victory after what he called a terrorist attack on a military base. the attackers confessed they were working with opposition activists backed by foreign governments. elizabeth warren is blocking president trump's pick to run the