how do you play dubai real estate? the issues we have discussed. >> there will be some opportunities. from that there will be investment opportunities in all classes. the thing to deal with -- yousef: it's like you're saying. don't by now, wait and see. >> it depends on a case-by-case basis. there may be an opportunity that comes out before hand. we think there will be a price slide and better opportunity in a year's time. yousef: would you recommend residential or commercial? >> residential is resident way relevantly stable. commercial is best handled through large developers. that is more of a development play. the residential is the most interesting. yousef: and tough to play around in terms of infrastructure. >> it is more basic than that. etc..public transport, yousef: to get you up to speed, crossing the bloomberg now, and each state is coming in. that is what we have come >> the following is a paid presentation for skin science. >> now winning the wrinkle war. it can deliver incredible results in 14 days. >> and

in dubai, stocks gaining for the most part. carmax was up 34 -- remix was up -- that continuing to be one of the out performers in that lasted training session. abu dhabi below the flatline. qatar gaining 4.5 of 1%. the other story is saudi arabia. this is the worst performer in this part of the world compared to its peers. one ofasic industries, the largest companies by market capitalization, waiting in after earnings appeared to have disappointed most investors. of course egypt, commercial and international banks. that company makes up 40% of egyptian stock exchange. reporting earnings on thursday, investors seems to be-- stock driving gains up 4.5% in one trading session. let's check in on the first word headlines. from around the world, here is elliott. >> turkey is joining the global tax crackdown with a final free opportunity for citizens to repatriate money held overseas. the move comes ahead of a push by g-20 countries to shut global loopholes. the numbers are due to start sharing intelligence on tax avoidance. turkey's

in dubai. anna: good it is -- to see you. catch up on what has been developing here over the weekend in terms of the latest brexit news, very much focused on who is going to take over leadership of the conservative party, the ruling party in the u.k.. the next prime minister of the united kingdom. -- michael gove pushing the case that it needs to be someone from the "leave" s ide of the campaign. may is the front runner in the campaign, though she was on the "remain" side. she was raising the point that you want a prime minister for more than just the brexit negotiations. the first of the votes taking place tomorrow. these are votes that take place within the parliamentary party, the conservative parliamentary mps, looking to narrow the field down from five to two. it could be as long as september 9 that we have to wait to get the results. meanwhile, there is a lot of talk about what the chancellor can do to try and stave off the worst economic effects of a brexit. now, we have george osborne talking about the possibility of

at the time of the arab spring, dubai saw an increase in tourism.ou saw the same kind of divergent. i would agree with you, yes. >> what are you seeing any numbers? potential impact? dubai, i could see benefiting. cairo and beirut have their own problems. the big advantage is in terms of the economy, it is massive. you can't say that about other countries. egypt and iran. it is still going really slow. egypt has its own problems. but maybe dubai would benefit. not others, i don't see it. anchor: we are in earnings season. is there anything you are watching we should be aware of? i am andare two themes the investor base is going to be focusing on. progression or developments in the banking sector. them to increase at this stage. >> you are expecting stability? >> maybe a modest increase. long growth at this stage is going to be more in focus. is second question is where consumer spending going to be opening up? how heavily hit will their top line be? lowerat we are going to a oil price environment. that sort of effect, we want to see how important th

yousef: 8:30 in dubai. anna: 5:30 here in london.y down to the start of the european trading day. talking about the news flow over the weekend iran brexit. over in china talking about how some of the uk's economy will get. exploring trade deals and talking about her recent and fiscal policy. theresa may is go to northern ireland. talking about the status of the border running between northern ireland and the republic of ireland, the only land border between the u.k. and another eu country, therefore taking on status. no border patrols have been prominently in place. 30,000 people across every day. a lot of focus on what happens to that border in the aftermath of the brexit. the observer talked about how the eu is talking about giving them a seven-year exemption. they are not giving much detail about the high-ranking u.k. officials but it is an interesting prospect. earnings and focus once again, one of the highlights he was looking for? anna: earnings out of the gate, 6:00 u.k. time, we will be speaking to a representative from phill

arantxa: lanzan en dubai una extracciÓn que lo dejara literalmente sin aliento, tenemos las imÁgenes. hijos. saliÓ de su casa caminando y tÉrmino mutilado en un hospital. su drama captado por la cÁmara. las mujeres y las pasiones de ♪ ♪ arantxa: para finalizar esta ediciÓn de noticias, si le gustan las emociones fuertes en dubai fue puesta en en prÁctica una nueva atracciÓn lanza a las personas al aire, a varias millas por hora. estemos en es comparable a las que experimenta un piloto que hace acrobacia aÉrea. luego se despliega un gran paracaÍdas. asÍ llegamos al final con este noticiero. mÁs noticias e informaciÓn univisión noticias.com. ♪ ♪ ♪ es momento de contacto deportivo. michelle bravo el protagonista de la historia. >> los refuerzos para los olÍm -olÍmpicos.

arantxa: lanzan en dubai una extracciÓn que lo dejara literalmente sin aliento, tenemos las imÁgenes.s. saliÓ de su casa caminando y tÉrmino mutilado en un hospital. su drama captado por la cÁmara. las mujeres y las pasiones de los rescatistas de vida silvestre abren muchas botellas de dawn. fuerte contra la grasa, pero suave. dawn ayuda a abrir algo aún más importante visita facebook.com, dawn saves wildlife ♪ ♪ arantxa: para finalizar esta ediciÓn de noticias, si le gustan las emociones fuertes en dubai fue puesta en en prÁctica una nueva atracciÓn lanza a las personas al aire, a varias millas por hora. estemos en es comparable a las que experimenta un piloto que hace acrobacia aÉrea. luego se despliega un gran paracaÍdas. asÍ llegamos al final con este noticiero. mÁs noticias e informaciÓn univisión noticias.com. ♪ ♪ dolores musculares, articulares, reumáticos, artríticos, provocados por el stress, la edad, el cansancio, dolores de espalda, cintura, cuello, brazos, codos. dolores por enfriamiento, torceduras, contracturas, dolores en tobillos, rodillas o en las piernas

it is 8:00 in dubai, 5:00 in london.ood morning, it has been a stellar week for markets around the world. seena recovery we have with the commodity space. let me assure you a chart catching my attention. net longs you the position for silver and gold. at the bottom, gold. it has reached the highest level since 2006 for the second straight week. investors boosting those havensns, clearly safe remaining intact with thectations playing into rates. let's get some additional perspective on how the equity markets and other markets did last week. alloway.s is tracy you have a few charts for uto get a better perspective? reporter: i'm going to borrow a quote from one of my favorite movies, "the legal movie." -- "the lego movie." everything is indeed awesome, best week since last year. the ftse recovering from the brexit in local currency terms and closer to home, indian stocks up for the year, the dubai market recovering, and china also. really a stellar recovery. yousef: let me pull up some of the other charts that give us some

in dubai. i'm yousef. anna: i'm anna edwards in london.counting you down to the start of the trading day in europe. let's talk a little bit about u.k. politics. it is one of the things that is dominating european coverage today. ready toay is becoming become the uk's second prime minister of the u.k. she will take office later today as david cameron holds his last parliamentary prime minister's questions. she will start to name her brexit czar. the focus will be who that person will be. loyal to the new leader, but somebody who campaigned on the side of rex it so that will be -- brexit so that will be a focus. david cameron will speak at parliament around noon. and then he will go to buckingham palace to inform the queen of his resignation. meanwhile, the opposition labor party is in disarray. jeremy corbyn will get an automatic place on the labour party's leadership vote. thursday is the start of the process. he gets an automatic entry which is relevant because he would struggle to be had to rely on the support of his parliamentary team.

i'm in dubai. angie: i'm in hong kong where it is just past midday.elcome to bloomberg markets: middle east. we are watching asian markets right now in mixed state as japan gives back six years of gains. all in the heels of imf really downgrading its global outlook there. what impact is that having in your part of the world? yousef: angie, the focus is again on turkish assets, specifically the turkish lira on the back of the decision we got from the central bank of turkey. there is another element to the story. put turkeyat moody on watch to assess the impact of the failed coup. it would leave turkey short of two investment ratings which some investment funds require. what you are looking at puts this into context. the last time moody's made a a 16%on was -- there was decline in the value of the lira. after the decision, the decline accelerated, -39%. an ironic development there. the rating agencies are not possibly the best indicator for where the lira goes from here. s expectsote, barclay investors to dump $3.2 billion in turkish bonds if moody's fo

four years ago at the world conference on international telecommunication india -- in dubai and only 55 countries opposed this. what we have seen over the last several years is countries now coming back and signing up to support the multi stakeholder model of governance. almost 30 questions who signed the regulations in dubai now support the proposal that has been propez -- proposed to us. that has been done through a tremendous amount of diplomacy by folks at the state department. we risk loosing all of that progress if the united states basically doesn't live up to its word and complete this transaction. we are not the only ones saying this. there have been a number of papers that came out since march. the former secretary of homeland security joined in a paperer with general cart right to point out the implement -- implications if we don't follow through. you are handing a great talking point back to countries like china and russia who prefer the intergovernmental approach and giving them an opportunity to go back to countries where we made progress over the last three and four ye

four years ago, the world conference on international telecommunications in dubai, we had 89 countries who signed up for a revolution to give the ipu more authority over the internet. the u.s. was on the short side of that vote. only 55 countries opposed. what we have seen over the last several years is countries now toing back and signing up support the multi-stakeholder model of governance. almost 30 countries who find the regulations in -- who signed the regulations in dubai has now supported the proposal given to us. that is great progress, and we have made it in part because of she u.s. government' willingness to complete the transition, and it has been done by an outstanding amount of diplomacy by folks at the state department. we risk losing all of that progress that the united states basically does not live up to its word and complete this transaction. only ones saying this. there have been a number of papers that have come out since the plan was issued in march, saying exactly the same thing. the former secretary of homeland security joined in a paper with chairman chairman of

in i dubai. we are some numbers from these oil majors.hey will be benefiting from the 25% increase in the oil price that we've seen. that will give some help to a company that has seen a two-year slump in oil prices. sectoro operate in this have had to delay projects and unlimited jobs, cut back on capital expenditures generally. what does all this mean for investment and dividends? b.p. has the option to reduce the dividend. they have voice plan to continue to pay the dividend and that is a top financial priority. we'll see if they move away from that 50 to $55 per barrel mark for next year. it may be crucial to make the sums add up. : global fund managers are looking at european equities for the first time in three years. have they lost faith in the region? managers arefund looking at european equity indices which are the world's biggest losers. the discount for european stocks relative to the u.s. has caused many global investors to not want to get involved with europe. last year's buyers were coming up just a little bit short. last ye

dubai, abu dhabi, and cutter -- qatar. this is the view. it is a mixed market sentiment as we rate -- await the egyptian pound. the egyptian index, one of the biggest advances in almost four months, leading gains in most of the middle eastern markets yesterday. saudi arabia, kuwait, and bahrain, and also taking a look slide. which resumed its seeing some gains. checking in on the first word --dlines, here is has linda haslinda. haslinda: g-20 ministers have warned there could be a decline of 15% for investors this year. pledgedepresentatives to improve international trade and urge other members to do likewise. a convincings won victory in the upper house elections. the liberal democratic party had 53 of the 121 seats on its coalition while its partner had 13. e will be able to piece together the two thirds majority needed. he says the economy remains top priority. stocks looked at more gains after prime minister malcolm turnbull finally claimed election victory more than a week after the polls closed. postal votes are still being counted an

up 1%,-- dubai, of 1% -- driven by banks and insurance companies.ains offmaking some of the back of the devaluation discussions. quick take on how the energy markets closed on friday. a tumultuous session to say the least on thursday and friday, hanging onto some of those levels. around 1%. and under $47 a barrel. we will get to that shortly, but first checking in on the first world headlines. elliott: good morning. the leader of the opposition party has conceded defeat in the closely fought australian election. the labor leader said it was clear that the prime minister's coalition would form a government. it did look like -- of parliament was likely after neither side was able to reach the quoted to form a government. it was no indication of when a final result would be declared. inflationna, consumer for a second month. in fact, deflation has moved further, dropping 2.6% amid a rebound in high commodity prices. inflation below the 3% target. and looking at further easing, if needed. nato in the face of what they call insecurity and is the ability

dubai is importing. jordan is also importing lng.pt has two floating lng terminals in operation and they are talking about increasing it to three. yousef: morten, thank you for coming in this morning. coming up, qatar airways says it is in talks with boeing as a plan b in case its issue with airbus remains unresolved. we will talk to the ceo next. this is bloomberg. ♪ angie: welcome back. qatar airways' profit more than can drew gold late last year -- more than can dren quadrupled le last year. we spoke to the qatar ceo at the air show. akbar: other than the foreign exchange due to the brexit, we are not affected. we still have the passenger numbers. we see passengers traveling in and out of europe. more and more people are going into the u.k. because of the lower pound. iag,u have a 15% stake in what at this the a golden opportunity to invest more? akbar: we want everyone to stay at that level. we are long-term investment so we are confident that this relationship between us and keep benefiting from each other's purchasing power. >>

yousef gamal el-din, in dubai.ican convention for failing to directly endorse his rival. instead of backing trump, the texas senator said to think of the constitution with a cast ballots let's get straight to our. bloomberg politics reporter, sasha is , this is fascinating. cruz did not endorse. then, what happened? the crowd got really -- sasha: something we have not seen on the convention floor a while. the speaker given a high profile slot, basically booed off the stage by the base of his own party. you know, cruz, the sort of defining life in a speech, the recommendation of attendees that they vote their conscience. and you know, that is seen at the convention as seeing they have a path not to vote for donald trump in the fall. and that was seen very much as a slight. and it happened just as trump was entering the arena. so, there was this moment, the type of problem we don't get in these very much anymore. manus: the whole concept was unity, wasn't it? what the republicans wanted to garner from this, they want

live in northwest. >>> today, civil rights leader he returned to the states from dubai.here was a warrant out for his arrest for writing bad checks in 2009. a trial date will likely be set during today's hearing. >>> donald j. trump has been selected as the republican party nominee for president of the united states. >> congratulations, dad, we love you. >> hillary clinton, lying to the american people. what's your verdict? guilty or not guilty? >> guilty. >> i've been around the clintons more than anybodyh gary marshal. rules. >> donald trump jr. is getting praised this morning for his address to the convention last night. he's also getting questions. 38-year-old speech writer already came forward saying he wrote both the speech and the article. he told the associated press that makes the similarities, quote, not an issue. now the next two days of the convention are pretty jam-packed. tonight a big first for indiana governor and the vice presidential nominee, mike pence. tracie potts is live in cleveland now with what to expect in the day ahead. tracie, good morning. >>

doesn't matter if he's in dubai or writing something. it's always -- >> hopping off the side of the building -- >> warming you up. it's about to get way, way, way worse. i can't imagine being part of intestinal fortitude and confidence you have to have in your own ability. >> it's not for me. >> you know, not for me. >> you know that this guy is out there doing all this stuff the rest of us will never do. he can do it. he is able to do it. i enjoy watching these videos. it gives you a rush of adrenaline even if you're not there. >> you can find him on stain gram as well. it's all basically this kind of stuff all the time. >> oh my gosh. >> this is nap time, y'all. >> lisa said that jimmy is a real gentle creature. >> i want to think that's really cute but i have to imagine that has got to be heavy. >> yeah. but if you have a horse, i used to have horses. they would never lay down with me like that. that's so cute. >> i love that the horse is using her as a pillow. he says she went out with her coffee. jimmy was going down for a snooze so

. >> we've seen a couple of different videos from jet man dubai but this is the latest one that theyally carving up. >> the old school that i am loves these videos from mode.com because it gives us a little history in just a few minutes. this one is 100 years of swim wear in body paint. >> oh, that's cool. they didn't even go back and find the village suits. they just painted them on. >> in 116 it was this really cool looking one piece that went all the way down to your niece. i can't imagine what it was like to swim in that thing. >> or be on the beach. imagine you get a bit of sand in there. >> oh. >> shoulders. >> and, thigh. >> what a weird day for the model. >> look at the detail these guys pull off with their painting. >> it really is. >> we get into the two piece suit. those high -- waisted bottoms, you really like, nick. >> always impressive. make it look like there's folds and creases in the material which isn't there. >> some of these little details are coming back in fashion today. >> it's nice because a lot of them just like sort of play with a woman's figure. >> which is

london spent 2 million euros on its new year's display while dubai took the crown with 5 million euros just a few years ago. perhaps it is worth taking a look just to see where some of that public money is going. >> think you very much. is my one minutes past 1:00 here in paris. a quick break and it is time now for a look at the days press review. >> here for a look at the international headlines. thanks for being with us. is, ofthe big stories course, the arrival of theresa may in downing street. with a whole new cabinet. >> the front page of today's independent sums up what london papers and people are feeling about the state of british politics right now. former prime minister david cameron preparing to vacate number 10. the caption, "all yours, teresa." may formallyre of accepting the queens >>. it is very much confirmed what she had artie made clear that although she campaigned for the remains she would week to see brexit through. she is serious about brexit. the headline of this piece is a note that appointed three leaders to the key brexit related jobs in government, selecting d

works as a diving instructor in dubai after he struggled to settle in britain. haunted by that date in basra. >> i made that decision. it is a terrible burden to carry with you. i've carried it for 11 years. fergal: a lot of people should feel guilty about what happened in iraq, but you are not one of them, surely? responsibility. i was in the land rover. i let him down that day. a soldier's greatest fear is letting him down on the front line. fergal: will you be able to forgive yourself? >> on the day that i die. fergal: troops have been welcomed as liberators and became targets as iraq unraveled. it unleashed catastrophe. >> it went from warfare straight into peacekeeping. it is impossible. one minute you are trying to kill somebody, and the next minute you are trying to protect them. >> the ministry of defense has name a british soldier killed by a roadside bomb on friday. fergal: john rigby was killed on his 24th birthday. his twin brother, also a soldier, was holding his hand when he died in the hospital in basra. his parents want to cut to -- want chilcote

amanda: -- john: we are building a sixth park outside of north america. ,ne in dubai, two in vietnamhongqing. we are excited about all of those opportunities, but if you look at all of those areas, particularly the chinese market or you have a great , growingn-based population, growing disposable income, growing middle class with very few entertainment options, it is the perfect opportunity for our companies to come in and build parks. we are excited about that. david: you are looking at saudi arabia? that.we announced of we just ordered discussions with saudi arabia. because of the strength of the six flags brand across the world, we get multiple inquiries from people. we have a lot of great opportunities in the pipeline in addition to those six. amanda: one that people are watching is licensing fees, 41% increase in this quarter, 132% international. a small piece of your business, but how important is growing fast in your strategy? john: we've seen tremendous growth. we are still in the infancy stages. .e affixed a deal we will get fees for each one of those licensing deals, and on

you know, i was in dubai and my girl called me, 3:00 a.m. her time and she's pissed. i'm like, what's wrong? she goes, i had this nightmare finale of game of thrones without me. i'm like, i'd never do that. but i have a really -- i have a really old laptop, though. and the sound kept playing. right? she's like, who's that in the background? is that cal easey? i just had to lie, i'm like that's just some chick i met at the club tonit. to sleep. she didn't give a [ bleep ]. but you gotta have -- you gotta have the show ready, because once your series ends, your relationship ends. unless you have something ready. so the show that we found was "the bachelorette." right? i don't know, yeah. first i wasn't on board. i'm like, why am i watching this? what is this? ten minutes later, i'm like, oh my god. is she gonna tell shaun? she can't tell shaun. he's too insecure. like, i fell in love with these characters. the host is the best. has the best job on tv. 20 years, chris harrison pops up every episode twice. to get his money, you know, like, right, he knocks on the door, sh

sanjay gupta is brought to you by dubai healthcare city. after a long day, jen stops working, but her aleve doesn't. hey mom! because aleve can last 4 hours longer than tylenol 8 hour. what will you do with your aleve hours? sorry, just getting a quote on motorcycle insurance from progressive. yeah? yeah, they have safe rider discounts, and with total loss coverage, i get a new bike if mine's taled. but how's their customer service? great. 24/7. just like here. meat loaf! [dings bell] just like here. anybody got a pack... that needs leadin'? serving all your motorcycle insurance needs. now, that's progressive. w...i was always searching for ways to manage my symptoms. i thought i had it covered. then i realized managing was all i was doing. when i finally told my doctor, he said humira was for people like me who have tried other medications,... but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief... ...and many achieved remission. humi

completed the around the world journey yesterday, a voice agency done on solar power alone landing in abu dubai where it started the journey in march of last year. it is flown at 25,000 miles and made 16 stops including in moffett field in santa clara county. facebook could come to san francisco. according to the silicon valley business journal menlo park based social media giant is considering opening an office in san francisco. that is a major shift of the real estate growth strategy concentrating on growing menlo park property for 6,500 new employees. in san francisco it wrote be south of market neighborhood. another shark sighting in pacifica close to swimmers and surfers. lilian kim has the details. all the video captured the shark doing what it is supposed to do feeding on a seal in the natural habitat but it happened so close to dozens of surfers enjoying waves on sunday at pacifica's beach made for a frightening expense. all the water i could see had turned red. >> stehpanie was surfing with her family during the close encounter. they hurried back to shore. >> i towned to my daughter ne

they filmed secret c chinese ivy carvrving factories in dubai..raw ivory was being partially carved there to avoid export permit costs when it was shipped to asia.a. thornton: there were 60 carvers working 16 hours a day carving ivory, and there were bags of ivory stacked 10 feet high. and those operations in three years went through 1,000 tons of ivory. narrator: the eia identified three chinese and one kenyan sysyndicate involved in the operatation. these findings helped build momentum for the 1989 international ban on ivory trade by the convention on international trade in endangered species, or cites. roberts: when you have a global, uniform, and unequiuivocal prohibitition on the trade in elephant ivory, a number of things happened. the prices for ivory dropped because the mamarket dries up, and the market dries up because it becomeses taboo to hahave ths illegal product. and when the market t dries up, there's a disincentive to poacah elephants and kill them for the ivory. narrator: after the cites ban, elephant populations began to stabiliz

you know, i was in dubai and my girl called me, 3:00 a.m. her time and she's pissed. i'm like, what's wrong? she goes, i had this nightmare that you were watching the finale of game of thrones without me. i'm like, i'd never do that. but i have a really -- i have a really old laptop, though. and the sound kept playing. right? she's like, who's that in the background? is that cal easey? i just had to lie, i'm like that's just some chick i met at the club tonight. she's like, okay, i'm going back to sleep. she didn't give a [ bleep ]. but you gotta have -- you gotta have the show ready, because once your series ends, your relationship ends. unless you have something ready. so the show that we found was "the bachelorette." right? i don't know, yeah. first i wasn't on board. i'm like, why am i watching this? what is this? ten minutes later, i'm like, oh my god. is she gonna sleep with nick? is she gonna tell shaun? she can't tell shaun. he's too insecure. like, i fell in love with these characters. the host is the best. has the best job on tv. 20 years, chris harrison pop

the last close for dubai, abu dhabi and carter. qatar.audi arabia and kuwait, let's take a look at those markets. after turkey imposed a three-month state of emergency, checking in on the first word. department justice is looking to seize more than $1 billion in assets from malaysia. prosecutors say the money was spent on real estate, a jet plane and even helped bankroll a movie. they say malaysia will cooperate with any investigation. exxon mobil bid $2.5 million for inter-oil. stripping in earlier joint bid. the managing director told bloomberg is not in the interest to pursue the deal further. >> that delivers what we actually wanted which was to big projects gree together and reduce the capital costs. any the objectives that we sought has been achieved already. >> elon musk has on failed his new master plan for tesla. electric buses and freight trucks. he's even planning a ridesharing business. plan wasawaited delivered on the tesla website. republican vice presidential candidate mike pence told the cleveland convention that hillary c

this blue line is the dubai 1-2 month spread.reads have fallen. is due to oversupply or weak demand in the front month. the white line is the oil price. oil prices eventually rolled over. here, you have the dubai spread starting to sell off. arertheless, oil prices rolling over. david: forget me, alix. i'm going with joe. normally when libor goes up, you get really nervous. i really like this chart a lot. the my vote goes to joe for same reason. i read the same story and it took me 20 minutes. your chart tells the story. it only took five seconds. coming up in the next hour of "bloomberg ." ♪ david: wedavid: are just 30 minutes away from the opening bell in new york. this is "bloomberg ." we've had a lot of earnings. we have the doj coming up. we have a lot to cover. yen ree dollar rating lower. alix: yes and he case schiller composite index looking at home case schillers&p composite index looking at home slightlyming in slo lower than estimates. in terms of those home price index you're on your coming in over just 5%. no

is take a look at the last close in dubai. buy we areo continuing to watch the price action of that stock. the vice-chairman is selling his entire 9.9% stake. let's check in on the first word headlines from around the world. >> the japanese yen is falling the most in two weeks following rumors that the japanese prime minister will announce a new stimulus package later today. about $250 billion total. they say the package will include ¥13 trillion worth of low-interest loans. the market has scaled the heights since the brexit vote. the bankare looking to of japan easing this week. egypt's government says it is nearing final talks with the imf about its stimulus program. it is spending about $10 billion annually over three years. without specifying so much it is seeking from the imf. they have negotiations ongoing with an imf delegation. shares and metals are jumping on the announcement of a solid set of production. the fourth quarter costs and cash costs are taking action. it slashes operating expenses. the fourth largest iron

its rank above paris, dubai, and tokyo, so in that respect we are still strong.ong kong has high costs. this is now correcting. we are optimistic in the longer run. as costs correct, we can do better and are optimistic about the completion of the infrastructure projects, the rail links. angie: putting a pretty outlook on sasa international, pun intended. of sasa cfo international. who wants to buy mcdonald's in china? as it looks to sell the franchise, we look to see who could be loving it. this is bloomberg. ♪ mcdonald's is nearing the field of bidders for the rights to its franchise in china. we have been following the story. selling mass is franchise rights to its restaurants in china and hong kong for 20 years, the golden arches could rake in $2 billion. the information is private. mcdonald'srned that has invited for companies to be second round bidders for those rights. once the deal is signed, mcdonald's hopes to have 95% of its restaurants in north asia under local ownership. after the bell thursday, the company did come out with news that it will get hit

drive by the about a lanlg yoe or dubai, you cannot help bistop and stare.his is the work of a fountain designer. after working on the disney epcot center water installation, mark fuller and two colleagues took that experience, left their corporate jobs and started the southern california based water feature design firm wet. their first fountain was for fpt place in dallas, texas. and the company hasn't had a quiet day since then. >> the the phones started ringing, people saying who did that, we're building a shopping center or we're building a project. could you do that for us. >> to them the days of simple spouting water are long over. wet creates interactive works of art that elaborately marry nature's elements to music. the fountain show at the shopping mall in california is just one example of their innovative work. ♪ >> innovation means doing something new. innovation equals learning. and what we work very diligently at wet at is creating a learning environment so people want to learn. >> and that learning starts on day one when someone joins the wet t

you have moved to dubai. where's the opportunity as these governments try to navigate a very tough time historically? >> let's take saudi arabia, the biggest economy in the region. it's something that had to happen sooner or later. we had reached a point where there is no alternative. this time around and has to succeed. they made attempts in the past. we think it is a tremendous opportunity for the region. yousef: let's cross over to juliet for the markets update. >> we are seeing some upside to asian equity market but it does look like the rally has slowed just a little bit. most of the good work being done by japan, we're still waiting whatews of the stimulus in form it's going to take but japanese equities are on track for their longest winning streak since april, up or four days. in unemployment rate australia ticking up to 5.8% but a good pickup in the number of .2%.time jobs added, up by interest rates staying on hold at 1.25% and in shanghai there as wegns of weakness seeing overbought signals on that

in dubai. here is the week ahead. u.s. stock and bond markets close for independent state.ank of england governor mark already holds a new conference to present the financial stability report. on wednesday, we have got the fed's june meeting minutes. on thursday, president obama meets with the head of the european council. we round out the week with the all-important nonfarm payroll. "surveillance" is next. ♪ taxing times as the u.k. prepares to leave the e.u. george osborne looks to slash the corporate tax rate in 15%. the french economy minister says paris should be the new home for euro clearing. silver surges. gold rises as investors pile in to safe havens. this is bloomberg "surveillance ." francine and tom are off.

at an indian bank of the law states the bill must be replaced with a new one but on the streets of dubai you find it very difficult to anybody to except a torn bill even if the numbers are intact therefore nobody that expects will expect -- except them. of course, nobody has to schlep them to the bank torn dollar bills or crumpled dollar bills even with his face cut out and i will take it but nobody would accept it because it is torn. but i refuse to accept with bell full beard phenomenon. in the early 2000's the opposite was happening the currency of choice of small transactions was not legal tender. if the central bank had shutdown it is irresponsible for monetary policy from the legal standpoint of time showing the same legitimacy as monopoly money it is by a government that a long resisted taken to be an expression of faith there was effectively no government the short answer is they accepted the schillings first they were useful as a meeting for small transactions and the smallest everybody had a pretty good idea it cost it has a strong claim and and kinship system with the social g

i dubai th, you dubai the you die by the poll. >> i want to sho everyone a supper pack -- super pac ad. if we could vi that video. i'm told as much as i would like that we're getting it, i am told, i have to stretch here. >> i will fill in i will narrate, the story comes from a colleague of mine at "new york post," who broke the story told me about it yesterday, it really is getting a lot of a tension today, it shows her playing hardball in dirtiest way. >> nowy understand we have it now? correct? roll video. >> let me welcome senator hillary rodham clinton. >> i don't think you can effectively restrict outsourcing there is no way to legislate against real tie, i think that you know, outsourcing will continue, but i don't think that there anyway to you know legislate against outsourcing i think that is just a dead end. >> that is good news for a lot of us. join me to give her a standing ovation. >> rebuilding america "new jersenow responsible for this. lou: 5 million dollar later invested in clinton global initiative. quite a remarkable attempt on part of clinton campaign to shut down

now to talk more about the bondits return to markets at noon hong kong and singapore time. 8:00 in dubai stephen engle has more in this. stephen: stock dividends instead of cash dividends. it cuts the pine to smaller pieces. no real benefit to investors. their stake is the same. they have more shares. more companies are using this to boost their liquidity because it tends to be a herd play. if the price comes down, more people pile in. in the first six months we have seen 239 countries on the shenzhen index to at least double their outstanding shares. the shares are up 20%. risingas been a tide lifts all boats mentalit y. at the same time, the shenzhen composite indexes down 12% over the same period of time. the name of the company -- listed in shenzhen. makes instant pork served in cellophane packets. it is now a pe of 129. rallying since late june. just a few weeks since announcing it will pay three shares for each existing one to existing shareholders. page, thethe new alloy material has nearly doubled since it is tripling its stock. it is trading at 120 times earnings. companies,ese

dubai,tanding by in talking about today. >> h energyi,.. we will be hearing from the and brothersive from a saudi group announcing a deal to end the biggest middle east assault, but is it enough? and of course a look at what is happening to turkish assets from standard chartered. angie and i >> bernie sanders tells the dnc that hillary clinton must become the next president of the united states. >> a seven-year impasse over the middle east biggest default. 80 banks strike a deal. >> chinese stocks lead the way in asia, climbing the most in two weeks with volatility the lowest since 2014. >> solar impulse comes

doesn't matter if he's in dubai or writing something. it's always -- >> hopping off the side of the building -- >> warming you up. it's about to get way, way, way worse. i can't imagine being part of intestinal fortitude and confidence you have to have in your own ability. >> it's not for me. >> you know what, though, love that this guy is out there doing all this stuff the rest of us will never do. he can do it. he is able to do it. i enjoy watching these videos. it gives you a rush of adrenaline even if you're not there. >> you can find him on stain gram as well. it's all basically this kind of >> jimmy is a horse. >> oh my gosh. >> this is nap time, y'all. >> lisa said that jimmy is a real gentle creature. >> i want to think that's really cute but i have to imagine that has got to be heavy. >> yeah. but if you have a horse, i used to have horses. they would never lay down with me like that. that's so cute. >> i love that the horse is using her as a pillow. he says she went out with her coffee. jimmy was going down for a snooze so she

standing by in dubai, what will we talk about today? always, plenty to get through.ckoff with the latest developments out of turkey after the announcement of the state of emergency. political developments, but also, on the economic front, the pressure on the turkish lira. perspective on all of these issues from our correspondent on the ground and from an advisor with global source partners. we will jump into earnings in this part of the world, where with the chief executive officer executive officer of doha bank. liquidity under pressure in atar. also, a closer look lizard a -- with the ceo of the thei company, in terms of market for jewelry, gold, and in terms of doing business in saudi arabia. always an exciting show to look forward to. .ngie: thanks for that i will see you in a couple minutes. let's take a look at the markets opening in the region. we are seeing hong kong enable market. there you have it. above the 22,000 mark. 2016 losses, as we had for a full market amid a rally in asian and woody's. in japan and south korea, japan is mulling over likely, onerdi