this is bloomberg. ♪ haidi: this is "bloomberg daybreak: asia." -- kathleen: this is "bloomberg daybreakia." haidi: a quick check of your business flash headlines, reports from japan says the latest carmaker for commissions and economy data. nikkei news said they conducted improper tests and automakers were asked to review compliance of falsified data. the nikkei says yamaha and suzuki also conducted improper tests. kathleen: samsung released details of an enormous investment plan worth $61 billion. money goes into r and d and unofficial -- artificial intelligence over the next three years. record as of spending will be in korea which is in support for the president's effort to support a slowing economy. samsung posted record profit less year. haidi: china's biggest insurer is weighing the asia business. officials say the chinese government also held discussions on finance options. they say asian operations including their east asset management unit could be valued at $51 billion. kathleen: we have a lot more to come on daybreak asia. we will be taking an in-depth look at trade talks bet

you are watching daybreak asia.n union faces a new threat with italy's saying it is prepared to veto budget of illegal immigrants. it will look at all measures considering the zynga market finances and oppose anything that isn't convenient -- the market finances and oppose anything that isn't convenient. the lira has fallen sharply this month, half as much again as the next worst-performing currency. the imf expects saudi arabia's budget deficit the fall below 5% of gdp this year, the first time it has done so since the all crash of the kingdom finances. narrowed to 4.6% of gdp and 1.6% in 2019 on better collection of a new value-added rises,re energy price and hyper spending. several people are reported dead in a mass shooting at a mall in jacksonville, florida that was hosting a video game tournament. police say one suspect is dead at the scene, but it is not clear if there were other shooters involved. the sheriffs office want people to stay away from the area around the landing mall and use social media to tell

this is bloomberg. ♪ yvonne: this is "daybreak: asia."amy: let's do a quick check of the latest business flash headlines. saudi aramco is said to have participated its ipo on the shelf and buying a strategic stake. sources tell bloomberg does not mean that the share sale is canceled but that they have written to advisors asking to brand work for the time being. aramco has declined to comment. chinese smartphone maker defied critics with an 8% jump in revenue while also returning profit last quarter. the results are the first since the listing last month. it compares to a loss of ¥1.7 billion a year. ramy: as we know, the u.s. and china are reviving trade talks areas when the clock strikes -- trade talks. when the clock strikes midnight, the tariffs will take effect. ignoring or shrugging off the threat of a trade war for now. director of client investment strategies coming to us from seattle. mark, i know when you say comes -- how shouldks investors position themselves right now? difficult in divers a fine your asset base for the appropri

ramy: you are watching "daybreak asia.". >> singapore's economy grew at a slower pace in the second quarter than projected as construction slumped. 0.6%xpanded at a rate of against a forecast of 1.4%. risks are now building as regional supply chains come under strain because of a u.s.-china trade war and a stronger dollar. say shinzom japan abe intends to run for reelection. thenikkei news says decision was announced at a party meeting and lawmakers would back him for a third term. the former defense minister says it is a longshot bid. iran has condemned u.s. moves against turkey. the foreign minister ruled out talks with american officials at the you when general assembly next month. washington's ambassador is calling on the u.k. to support president trump's sanctions on iran rather than stand with the eu in backing the nuclear deal. china's cfpb will take aftere in a project renewed u.s. sanctions. a news agency says it will become the lead partner in the project. it has spent millions of dollars on the project by men whe

plenty more to come on daybreak asia.his is bloomberg. ♪ yvonne: look at the markets here, a tipsy turvey week start to the market here this morning after the u.s. session. didn't do enough to alleviate concerns when it came to japanese bond markets. chinese stocks still the ones to watch here on more tariffs coming through. we did get dbs posting a 24% gain of profit but still somewhat missing estimates. plenty of earnings in the pipeline. this is bloomberg. ♪ ♪ yvonne: 7:30 a.m. thursday in hong kong. a cloudy picture out there looking at the peak area this morning. we are expecting showers here throughout a couple hours or so. we are minutes away from the major market opens. ramy: 7:30 p.m. wednesday here in new york. down a 10th of a percent. the nasdaq was the one that saw a pop higher thanks to apple earnings that beat estimates. we will see how that trickles out into tomorrow's trade. test also rising as much as 10% after hours. most of the numbers surprised investors and made them quite happy. in new york.encio yv

"bloomberg daybreak: asia" -- this is "bloomberg daybreak: asia."up says dealers were made to stockpile cars and then offer discounts and order to offload them later. it also says that while 70 dealers join the protest only 35 signed a letter to fiat chrysler for fear of retaliation. yvonne: bubble is reported to be pressing ahead with a plan for an ipo player this year that it will hit the 30 billion evaluation -- valuation. be inimary lesson will stockholm with the secondary one in asia most likely in hong kong. at a later date the report says things -- they have been yet to launch -- yet as to launch the ipo. yvonne: -- ramy: a practice that was restricted after the financial crisis. the sec says three traders miss oppositions to covert -- they were fired but they failed to detect the misconduct sooner for inadequate supervision. our next guest says he is generally optimistic toward markets even in this current climate. hide and volatility means that investors should be looking toward the more defensive sectors of the market. joining us from sydn

haidi: this is daybreak asia. i am haidi stroud-watts in sydney. i am ramy inocencio in new york. southeast asia's biggest developer, capitaland, just posted earnings for the second quarter. net income at 605 million singapore dollars after the city tightened property curbs. julia is standing by with the company ceo. takeaway. -- take it away. julia: that is the key question, the singapore property curbs and whether they have done enough. let's get it over to mr. lim. thank you for joining us. you have seen the property curbs start to have quite an impact. have they done enough to quell demand? mr. lim: i think it is adequate at this point in time. the market has moderated. sales volumes are coming down. but on the other hand, when you look at it on the capital level perspective, we have always been watching this market very carefully. over the last few years, we have decided that we will take, we will underweight this part of the market. we have been reducing exposure to the singapore residential market. with these curbs coming into place, we are i

welcome to "daybreak: asia." president trump reiterates his liking for tariffs, saying he has the upper hand on china. holding onto gains as the pboc raised the price in asia-pacific stocks. from bloomberg's global headquarters, i am remy innocence you know -- ramy. the weekend's virus will get the business, but it takes production as normal on monday. we will check into the oldest registered company in hong kong. good morning and good morning to all of our viewers. it was really interesting what happened on friday. we had really great numbers coming in from earnings, as well as the job rate. somethingking about coming out of china. , welly, over in the u.s. have been waiting for something to happen. a lot of it has been verbal. trying to match some of what donald trump has been throwing at china in terms of the $200 billion there. yvonne: the $60 billion from china is far from this tit-for-tat retaliation. tensions of these the rhetoric flaring up once again. we mentioned about the yen. key on whethere the renmi

that is on "daybreak asia."vonne: japan's top wireless carriers tumbled after the government said they have room to cut phone bills. they lost $9 billion in market cap when you're shaheed a pseudo--- when he said they could lower bills. there is concern the government will renew its push for greater choice. ramy: just ahead, the rule of law. manafort and cohen are both found guilty. we will chart the market reaction, next. this is bloomberg. ♪ ♪ my teachers from charleston -- taking live pictures from charleston, west virginia, where president trump has been addressing a crowd at his make america great rally. theere looking to hear from president regarding the last couple hours with paul manafort, that guilty verdict coming at the same time his personal lawyer michael cohen pled guilty as well. the president suffering through perhaps the worst day of his presidency on this tuesday, after these charges. certainly one to watch out here, but no comments yet. ramy: wondering what is going on in donald trump's head r

yvonne: that is it for us on "daybreak asia."ity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. weighing trade tensions in jackson hole. a warning against further escalation that says america will be the loser in any trade war. in hong kong, i'm rishaad. >> what is also coming up, welcome investments from china that said they must benefit besides. this is bloomberg markets: asia.

welcome to "daybreak: asia," your top stories today.after wall street rises for a third day. berkshire hathaway earnings lifting. the s&p 500 hitting its highest since january. sending sterling to 11 month low ramy: from bloomberg's global headquarters, i am ramy inocencio in new york, 8:00 p.m. on monday. taiwan semi says it can deliver apple orders on-time, despite chip production being crippled. intelligence and a listing of softbank mobile arm. it could be the biggest ipo ever. haidi: does not look like we can get too much of the positive handover from wall street overnight as in asia we continue to worry about volatility when it comes to the u.n. continuing to worry about how the trade war plays out for the asian supply chain in a week that holds a number of central bank decisions and key trade numbers out of china. we are watching the rba and whether they will make any language tweak and therefore caps on inflation or weakness in the aussie dollar when they make their policy decision today. ramy: we are expecting them to stand at

this is "daybreak: asia."ent complained that jay powell has not been the policymaker that he expected. donors at as to public fundraiser are his most personal criticism of powell's performance. we also heard lines coming through with his interview with reuters. richard, how much faith should we put in these headlines? i think it is a cheap money fed. the question is whether the government likes it and whether they will do anything about it. president trump clearly does not like it. that is no surprise from a guy who has run a busy -- reality business. all the appointments they have been putting in our quite orthodox appointments. he have not tried to manipulate the quality of the people making policy decisions and the fed. from that point of view, you have to look the data. inflation is a target. interest rates are low. you do not have to be a genius to figure that out. yvonne: is it about higher rates or is this an attempt to strong hand the dollar? i think like many other things, he has been putting in insur

welcome to "bloomberg daybreak: asia."his friday asia-pacific stocks set for a mixed and to the week as all -- wall street edges lower. the new trade spheres some of dollar higher and the price is not right. inflation remained steady and japan but a 2% target remains a long way out of reach. ramy: i am many in the sincere from bloomberg's global headquarters in new york. the u.s. and china wind up low-level talks as president trump singles he is happy to press ahead with his trade war. in business finance and politics, all the way, jay powell made a speech at jackson hole -- hall. we will be live in wyoming. ♪ yvonne: we are looking ahead but these trade tensions certainly have elevated the dollar. no progress will be made between the two countries there. as the today's talk wrap up -- the two day talk wreps up. up.reps up -- wraps ramy: kathleen hays has been covering us -- covering this all day. losing -- the dollar broke that losing streak so to speak in the past 60's. that had a knock on effect. this is the train that

>> welcome to "daybreak asia." face acific markets mixed start after wall street halted its longest slide and's march. -- since march. boycotts u.s.gan electronics and says he won't be pushed around. rami: from bloomberg's global headquarters, i ramy inocencio in new york. losers. among the day's goldman sachs says it too wasn't on board when musk wrote his most recent go private tweet. ♪ ♪ rami: good morning to our viewers across the asia-pacific and around the world. today, weted states got a little bit of a breather stopping that four-day fall in u.s. markets. it was interesting because there wasn't all that too much to hang on, especially when you look at erdogan saying he was going to boycott u.s. electronics. we didn't see much beyond that. taking a look at what is happening, at least investors are looking past that and pushing the s&p 500 up by the most in about the past three weeks or so. you can see the s&p up by about 6/10 of one day in percent -- 1 %. we saw consumers, financials, all relevant sectors of

we have plenty more to come on "daybreak: asia." bloomberg. ♪ ramy: let's do a quick check of business flash headlines. beating estimates, signaling strong demand for the cloud-based apps software. about seven -- 400 million above the average in a bloomberg survey. toy raised their forecast $13 billion. talking about offices at one world trade center to be the largest office tenant in manhattan. it may take 18,000 square meters, which would push past jpmorgan as the company with the biggest office footprint in new york. rapid global expansion lifting up 110% in the first quarter from a year earlier. yvonne: counting down to the market open. less than three minutes to go and we are seeing a positive in the green when it comes to equity futures. the yen holding at a four-week .ow that will help canada talks looking a little more positive now, potentially with president trump be positive about that. justin trudeau saying things are looking constructive. eric robinson, joins us to talk about trade and biggest market risk. this is bloomb

welcome to "daybreak asia." the top stories this wednesday, asia faces a muted start. 2900 for therossed first time. the canadian dollar jumped on optimism of the trade deal. auto assess progress has been made in initial negotiations. ramy: i am ramy inocencio in new york, where it is past 7:00 p.m. on tuesday. social media gets the message as president trump goes on the attack. he warns google and others to be "very careful." heading for hollywood, amazon talks to major studios about cofinancing and streaming new movies online. good morning, yvonne. to our viewers across the asia-pacific and around the world, it was hitting new highs. that was the theme for today with the s&p 500 as well as the nasdaq. a lot of that was coming out of the buoyancy from the mexicorough in u.s. and talks. with that said, we saw the peso fall just a tad because there is a lack of clarity on the details that this might not actually go through. there is canada and china as well pushing ahead. numbers, 20.97 and some change. that is i

welcome to daybreak asia. raceillion, apple wins the to 13 digits.ome say it could be worth twice as much. for decades after steve jobs and steve wozniak found this historic landmark. ramy: i am ramy inocencio where it is fast 7:00 -- it is past 7:00 on thursday in new york. check listed equities in new york, the dollar is higher and the yuan is pulling back. the trade, wilbur ross warns of more pain for china unless the u.s. sees evidence of change. hurtng says tariffs everyone. a very good morning again and hello to all of the global viewers. looking at what has happened the past 24 hours, there is a trade for pain, and there is a trade for earnings. we saw that pushed back and forth in terms of equities. we started low but ended up mixed. we seek we don't know it is when -- where it is heading. a lot of central-bank action out of the bank of england. in terms of what is happening, the central bank is trying to figure out the drivers that are trying to come out from wall street as well. this was surprising. maybe we will get another rate move out o

welcome to "bloomberg daybreak: asia." c markets look set for decline after wall street's worst session in seven weeks, the s&p 500 index falling for the fifth day in six. tencent, suffering the first profit drop in at least a decade. ramy: from bloomberg's global headquarters, i am ramy inocencio in new york. we are just passed 8:00 p.m. tariffs taking a toll on japan. trade deficit five times worse than expected. vaccine scandals, tighter scrutiny, and regulatory change. now is the time to invest in biofarma in china. ♪ yvonne: here we go. pretty ugly day here today. this time when it comes to asia, seems like it's a storm of our own making when it came to tencent. those earnings, pretty big mess. reaction is with the stock, but the reverberations we saw throughout the day in the u.s. action. ringing agoing to be lot harder and louder than the turkey situation. , or thes, the stock prophet, was the first fall in the past decade or more. that had to view and a little bit of a storm in terms of new regulations for tencent o

plenty more to come still on "daybreak asia."his is bloomberg. ♪ yvonne: let's take a look at your markets. it looks like we are coming. with this equity rally after the pboc's yen shift and also this u.s.-mexico trade deal boosting the good vibes all across the world. more advances with nikkei futures up .6%. nikkei futures also pretty positive. coming up next, investor focus back to the crucial model three. the bloomberg tracker suggests good news. this is bloomberg. ♪ yvonne: good morning. 7:30 a.m. tuesday on a steamy hong kong morning. 30 minutes away from asia's major market opens, kathleen. seven: 30 p.m. monday in new york. it was a steamy day today. what a rally in stocks today, on the news president trump has dropped some kind of deal with mexico on trade. i am kathleen hays in new york. yvonne: i am yvonne man in hong kong. let's get to the first word news with jessica summers. jessica: president trump says he's signing a new trade deal with mexico and he is calling on canada to get on board or risk being left behind.

welcome to daybreak asia. asia-pacific stocks look for a gentle decline after a mixed session.said policy. tesla winner after hours. learning through less cash and elon musk intends to focus more strongly on the model three. ramy: from bloomberg's local i'm yvonne manvonne yvonne: beijing condemns what it calls the u.s. blackmail. the reserve t

welcome to daybreak asia. --iffs, wto and terror chairman of the fed. bloomberg at the oval office. asia-pacific markets are bracing for further losses. ramy: from the global headquarters, i'm ramy inocencio in new york where it is passed p.m. .m. -- past 7:00 argentina and turkey fell. the peso saw the falling -- warren buffett is still buying stocks, saying he is in the game for the long run. he thinks apple is underpriced. ♪ yvonne: busy day today. let's break it off and start off with the breaking data from south korea, industrial production numbers for july beating expectations, putting it back in positive territory. looking at 0.4%, economists expecting a negative outlook. also year on year 9%. this is a welcome sign for the bank of korea as they make policy decisions later this morning. we have seen consumer confidence, job growth slowed down a bit. the government announced record spending packages earlier this week. the bank expected to hold today, given the trade front. the u.s.-china tensions ratcheting up again. ramy: we are expecting numbers to drop in two hours. heret to

you're watching daybreak asia.: tesla had a roller coaster first day erasing all the gains from elon musk a going private tweet and recouping some of the losses in late trade. investors doubt his claim of secure wanting for a buyout that rose on reports that the board will meet next week to discuss the possibility of going private. has offered no evidence to back up his tweet nor have they indicated they are behind the plants. if there is a deal going on, there is a chance that we will be part of the conversation. jenna: the lira is plunging to new apps. turkey and the u.s. continue to sour. this year's losses to almost 30%. release a refusing to detained pastor. to turkish government ministers. the latest standoff increases the likelihood of more action. losses foryamaha led automakers after revelations about an adequate fuel economy and emissions test. the transport ministry says half of samples were not properly examined. it has taken quite a beating in general after nissan and subaru admitted to improper testin

daybreak australia. kathleen and i will be sticking around for the next two days -- next two hours of a brick asia. -- daybreak main data point of the day is china inflation. for the slight pickup that is expected to consumer inflation, easy when it comes to producer prices. that will weigh on industrial profits and that servicing -- debt servicing. he says this point we are seeing a little bit of downside to the economic headline gdp as a result of the tariffs. thateen: after listen to test come if you decide you want to get away from it all, we have , a chief revenue officer hong kong-based company that has all kind of a get into string investors from sequoia capital to goldman sachs to -- you can go online and get experiences, i hot company. we find out how they make this model work. that's it from daybreak australia. all the action next in "daybreak: asia" this is bloomberg. ♪ haidi: it's 9 a.m. here in sydney. welcome to "bloomberg daybreak: asia." are set toc stocks fall and trade tensions are going higher. chatter is heading back at tariffs and the u.s. is sanctioning russia. currencies are under pressu

welcome to "daybreak: asia."rates his liking for tariffs, saying he has the upper hand on china. holding onto gains as the pboc raised the price in asia-pacific stocks. from bloomberg's global headquarters, i am remy innocence you know -- ramy. the weekend's virus will get the business, but it takes production as normal on monday.

we will get all the action in "daybreak asia," next.watts coming back on the other side of this. this is bloomberg. ♪ is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. cl

stay tuned for that interview in the next hour of "daybreak asia."set to be a major winner if china is set to have tariffs on lng. impactold us what they may have on the company's decisions. peter: in fact, the last 24 hours has thrown many of the concepts the private sector got comfortable with. of course, that is not good for invest anddustry to invest with certainty about what we can build, what we can deliver in a challenging energy market. >> what is your forecast on oil pricing being part of that? there is a lot of uncertainty in the market at the moment on the supply and demand side. >> i do not think it will go very far. i think it is not going to move that much. i suppose from our business perspective, we have taken costs out about business when it was a much lower oil price. we are not seeing inflationary pressures putting the cost back in. if a little different in some of the projects in australia where there already seems to be some inflation. we are sitting well and very comfortable with the oil price sitting in at 65, 75 range, and maki

is it from bloomberg daybreak: asia. stand by for bloomberg markets. haad: positive in asia-pacific markets, betting that the asian crisis will be contained, the lira stemming declines. it is in one month, down 30%, but remaining vulnerable. president erdogan looking at high interest rates, or in international bailout, but the fallout is reaching around the world with international currencies dropping to the lowest in a year. in hong kong i'm rishaad , salamat. haidi: it's in the i'm haidi , lun. and hoping good results will overshadow the worries about turkey. this is "bloomberg markets: asia." ♪

this is "daybreak: australia," asia" is next.omberg. ♪ xfinity mobile is a new wireless network designed to save you money. whether you use your phone to get fit. to find meaningful, thoughtful, slightly-weird gifts. or just to know which way you're facing right now. however you use it, your wireless bill is about to cost a whole lot less. ask how you get xfinity mobile included with your xfinity internet. so you just pay for data -- by the gig or unlimited. saving you hundreds of dollars a year. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. yvonne: we are live from bloomberg headquarters. welcome to "daybreak: asia." day, another record. offset new highs. the s&p closed over 2951st time. trade remains the driver. 2900 for the first time. trade remains the driver. ramy: it is just past 7:00 p.m. on wednesday. clouds are gathering over emerging markets once again. faster credit from the imf. amazon approaches apple's

welcome to "daybreak: asia." asia faces a mixed start as wall street has a four-day advance. the dollar fell on political turmoil at home and abroad. show a readiness to continue raising rates. headquarters,bal i am in new york where it is just past 7:00 p.m. on a wednesday. the u.s. and china revised trade talks that has called since june lled since june. australia fas

welcome to "daybreak: asia." asia-pacific stocks set for a mixed and for the week.g the dollar higher. trumpwith president milling he is happy to press ahead with his trade war. ramy: from global headquarters, item in new york where it is just past 7:00 p.m. on a thursday. the aussie may fall to a low. not as political turmoil threatens chaos. politics

asia. haidi: that's it for "daybreak australia." yvonne and rami are up next with "daybreak asia."ing to see if this $150 billion wipeout for tencent could be the bottom. yvonne: it's hard to see what hasn't been priced in. tencent earnings, taking a huge hit today. in january, it once was the tech darling. we will speak to citigroup's global market chief. talking about not just of the , but also recently, the regulatory hurdles that it faces. rami: before that, of course, we will have to go back to turkey. we are going to be speaking about the economics and politics. haidi: that is it for daybreak australia. this is bloomberg. ♪ >> welcome to "daybreak asia." face acific markets mixed start after wall street halted its longest slide and's march. -- since march. boycotts u.s.gan electronics and says he won't be pushed around. rami: from bloomberg's global headquarters, i ramy inocencio in new york. losers. among the day's goldman sachs says it too wasn't on board when musk

welcome to daybreak asia. raceillion, apple wins the to 13 digits. could be worth twice as much. for decades after steve jobs and steve wozniak found this historic landmark. ramy: i am ramy inocencio where it is fast 7:00 -- it is past 7:00 on thursday in new york. check listed equities in new york, the dollar is higher and the yuan is pulling back.

"daybreak": asia continuing. look -- look at contagion or mountain -- in the more immediate outlook from the situation in turkey. >> we've seen that contagion spread. we've seen this emergency hike in argentina. the rand obviously taking it on the chin. we'll speak to the chief economist and head of credit portfolio management. he said we could see more fallout but potentially he said some olive branch from the german chancellor angela merkel who has a known interest in destabilizing turkey, he says that's a positive development. perhaps they may be stepping in to help torque. ramy: and later in the next few hours, we'll be taking a preview look in terms of what's happening on the eco front for china with head of china equity strategy. in just a few hours we're expecting both retail numbers, industrial production as well as fix assets to come in, haidi. haidi: lots more to look forward to over the last -- next few hours. this is bloomberg. ♪ haidi: it is 7:00 a.m. in hong kong. i am yvonne man. welcome to "daybre

all the action up ahead on daybreak asia. this is bloomberg. ♪ yvonne: it's 7:00 a.m.g kong. welcome to "bloomberg daybreak: asia." then trading on wall street, the s&p 15 points of a record. bhp will be in the spotlight after full-year net is the lowest estimate. underlying profit has hit a four-year high. and from bloomberg's global headquarters, i'm ramy inocencio in new york where it's just past 7:00 p.m. on a monday. president trump lashes out again, accusing the e.u. and china of manipulation as well as promoting jay powell's perf

is daybreak up next asia looking at what is coming up in the next two hours.yers. they kicked off yesterday, i should say last week. releasing their earnings as well. first-half profit. they are reaching a rough -- a record growth of 52%. that is thanks to the strong performance of its refining business. they are in the sweet spot where the up street businesses are benefiting from these higher oil prices. that is offsetting higher oil purchase prices when it comes to its responding business to we will see if this sweet spot continues. is tol talk about what come because despite the $70 oil level we have seen, the upstream business remains unprofitable. it makes you wonder what the breaking price is going to be for the company. also look ahead to petrochina. ramy: rising oil chat -- charges. guestme, we will have our jason shanker coming in in a few minutes. he is the president of prestige economics. always good to have him. we will talk about a lot of things. we will talk about what has happened to jackson hole and the interpretation of mr. powell's comments,

"daybreak: asia" is up next. ♪ >> is mom-and-pop a.m. in sydney, where we are live. stroud-watts.ter wall street rose a third day. and berkshire hathaway listing energy and financials. the s&p 500 closing at its highest since january. brexit angst sent sterling to an 11 month low. ramy: from bloomberg's global headquarters, i am ramy inocencio in new york. will be in thes spotlight later after snuffing out initial gains following the pboc move must week.

tune into daybreak asia 6:00 a.m. hong kong, 8:00 in sydney.p bloomberg radio plus for access via bloombergradio.com. we learned about their plan to take the u.s. giant in the competitive field of caffeine delivery. women started our business, it took each store about half a year to go from -- when we started our business, we went to 100 cups a day, than 300, then 400. now our best store can sell up to 1600 a day. that is better than any single starbucks store. in 2018, the average store sells 600 coffees a day. we equal and maybe have overtaken starbucks. our average running costs are ', so weof starbucks have advantages. we want to increase our number of stores across the top four first-tier cities and expand to second-tier cities. tom: what is coffee box? what makes it stand out? starbucks always considers its best advantage to be locations. people actually spend money inside the store. so we decided not to compete on their terms but did find our own advantage, delivery service. in 2013 our first attempt was delivering starbucks coffee becau

. ♪ we are live from bloomberg's asian headquarters, i am yvonne man, welcome to "daybreak: asia."he u.s. and china countdown to tit-for-tat tariffs. we will see billions of dollars of goods on both sides. washington is warned against further escalation. ramy: i am ramy inocencio in new york, it is just past 7:00 p.m. on sunday. markets set forth a mixed and muted start. traders looking ahead to the meeting at jackson hole.

welcome to "daybreak asia." is wednesday, asia faces a muted start. 2900 for therossed first time. the canadian dollar jumped on optimism of the trade deal. auto assess progress has been made in initial negotiations. ramy: i am ramy inocencio in new york, where it is past 7:00 p.m. on tuesday. social media gets the message as president trump goes on the attack. he warns google and others to be "very careful."

welcome to "daybreak: asia." the top stories this friday. markets look to follow wall street. the dollar falls for the first time in six days. three days of gains as turkey shores up old alliances. washington is warning of additional sanctions in the pipeline. a new york it is just past 7:00 p.m. on a thursday evening. investors are optimistic about next week's trade talks. china must offer a lot more if a deal is to be done.

that is all ahead on daybreak asia. haidi: this is bloomberg. ♪ haidi: it's 9 a.m. here in sydney.ific markets facing a mixed open at the end of this week. they were tensions continue to weigh on sentiment. private gains in the regular session and rose reports of an imminent word meeting. kathleen: from bloomberg's local -- global headquarters i'm kathleen hays. trade tensions may be affecting companies with supply chains in china. an elephant starting to run. the booming opportunities in india.

but we have "daybreak": asia coming up.hat are you watch something >> it's really going to be tencent and how it trades when hong kong markets open. fell as much as 10% overnight and sent shock waves across global market. we'll speak to a partner and portfolio manager. they've come up with china focused e.p.f. eats. he says the setback for tencent is just a slight head wind. from what he understands the intention of the government is to work with game makers and not against them. raul: and from china tech, yvonne later on will go into hina bio investment. this just started trading on the nascar today and it's -- nasdaq today and it's bringing together 20 chinese bio tech firms to try to bring back u.s. investors into the growing game. haidi: yes, we'll also be talking about the issues we saw overnight with the tech sell ah. we'll be joined by the financial c.e.o., also talking about the fallout from turkey, whether we really are past the geopolitical tensions. he citizen it's not surprising that the markets have come down s

welcome to daybreak asia. --iffs, wto and terror chairman of the fed. bloomberg at the oval office. markets are bracing for further losses. ramy: from the global headquarters, i'm ramy inocencio in new york where it is passed p.m. .m. -- past 7:00 argentina and turkey fell. the peso saw the falling -- warren buffett is still buying

welcome to "daybreak asia." the top stories this tuesday, trade makes the headlines today. stocks get new records. the peso jumped as the u.s. nears a post-nafta deal with mexico. president trump says he will terminate the yield agreement and find a new name. canada will rejoin talks in washington. >> i am kathleen hays in new york, where it is passed 7:00 p.m. on monday. beened reproduction has met. -- model three production has been met. is there anything to rescue?

on daybreak asia, i spoke to the ceo of mainstay capital, and he has been short on tesla stock and hes guns. david: this is not change my perception or outlook on my short position. we were in shorting more shares today on the strength of the stock. ramy: david kudlow doubling down. pushing this forward, the next question was should be asking elon musk is to show me the money on how exactly he will take tesla private. ramy inocencio, bloomberg news, new york. manus: we had the abn amro numbers. they reported second-quarter net profit this morning. operating income came in at 4.6% above the analyst estimates. joining us now on the phone for his first interview of the day is the cfo, abrahams. the market is absolutely focused on the changes. you are in person. my apologies. my changes for the investment amro'shat will abn investment bank be. who will you compete with after these changes? 250 jobs are to go. is that a starter number in terms of the job cuts? >> yes -- no. we announced the change at our corporate bank this morning. we have a very strong franchise in our corporate bank her

daybreak: europe." a blue sky over singapore. msci asiaacific underwater by 0.2%, ending the worst week in asian trading since march. trade tensions part of the story. let's get a business flash. theette: apple has become first u.s. based company with a market value of $1 trillion. other tech giants are not far behind with amazon, alphabet, and microsoft with more than $800 billion each. the milestone was reached for decades after apple was cofounded with steve jobs in a silicon valley garage and revolutionize the world of computing and mobile communication. in oil company briefly crossed the $1 trillion mark, but collapsed. heineken buying a stake in china's largest beer maker that will allow it to expand in a market dominated by local brands . the dutch brewer making it global push into emerging inkets will take a 40% stake china research beer holdings. china, the world's largest beer market, is seeing fierce competition as drinkers with rising incomes seat switch to premiums and foreign bruise -- brews. an international dealmaker and ad

asia." yvonne: we have "daybreak: middle east" coming up next. this is bloomberg. ♪ retail.'s connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> this

daybreak: europe." 6:00 here in london. a couple of hours until equity markets open up. the msci asia-pacific down by .4%.ere focused on political risk whether in the united states, australia or south africa. more of that in just a moment. feste also focusing on the messaging from yesterday, ready to hike if the u.s. economy stays on track payment talking about what that means for september, it looks like a rate hike there. the weaker yen in japan a feature, a real feature of markets and that means were seen converges.t of going into the afternoon session. i mention the strength of the dollar, up by .4%. the first day in six that we seen strength in the dollar. are we back to the trump trade just after we got those headlines surrounding the legal situation around the president? we seek the dollar in strength against the pound and the euro and a host of other currencies. focusing on the australian dollar, the dollar surging against the aussie. das is weaker, down around .8%. he said he wants then again if there's another leadership vote, but he's only said he will call a special meeting tomorrow if his riv

daybreak: europe" at the top of the next hour. a lot to come. that's the market in context for you. the msci asia-pacific drift a little bit in the early hours. in particular, chinese markets are bouncing back by more than 1.4%. eight.waiting for the fx they have been having to splurge those fx reserves. we will talk about that during the program. yesterday lands are worth keeping an eye on. this as a result of the rba interest rates. this was broadly expected. the prospect of hikes still remains and will be deferred pretty distant, 2019 or 2020. the u.s. dollar falling suit against the turkish lira. that makes a big difference. . saw it almost in freefall in yesterday's station -- we saw it almost freefall and yesterday's session. manus: when is the bargain a bargain? when it is at the bottom of the pocket? have a look at the chinese market. -- what we have done here is put together the equity market, relative to the bond yield. you begin to understand what i am talking about because the equities market relative value to bonds is at a two-year low. you need to be convinced that the pboc has a ha

asia-pacific. see a more than doubling of tariffs of 20% on $200 billion of chinese imports. that is it for daybreak> wednesday morning, welcome to bloomberg markets. this is "the european open. miller,ngside matt matt? the world'sg for largest automaker to report earnings. am going to interview the new ceo of volkswagen. the cash trade is less than 30 minutes away.