echostar sharesrad higher by nearly 2% to 46.30. >>> j.p. denying a report by a german publicati that it's interested in taking a stake in deutsche bank. shares of deutsche bank initially rose as much as 6% on the news and lost half of the gains u 3% to 11.46. j.p. morgan shares were up fraction to 104.06. >>> a washington post report found that twier hastepped up its efforts to crack down on fake accounts. it has suspended more than 70 million accounts just nce may, but the post did point out that the postid eat into the monthly active user growth which was watched by wall street. shares were initially lower after that report and did reverse course and finished up 46.65. >> b.j. wholesale's credit rating was upgraded byod s after the company used the proceeds for the june 28th ipo to pay down debt. the firm says the company's operating performince does co to improve and shares of b.j.'s were off fraction to $23.65. >> this week's market monitor likes growth stocks with strong dividends and he is oliver prishea. welcome back. nice to see you

echostar had a previous bid for inmarsat rejected in june, while a french peer also backed away from an offer as well. >>> preparations for the public listing of saudi aramco have stalled. according to the "wall street journal" doubts are growing that the ipo will go forward with one aramco executive saying everyone is almost certain that it's not going to happen. the listing of the state-owned oil company is seen as a key part of saudi arabia's plan to diversify its economy. saudi aramco and the kingdom's energy minuistry declined to comment on the report. >> xiami is setting its ipo price at about $17 a share shares in the chinese consumer electronics maker are expected to start trading on the hong kong stock exchange on monday. arjun has more >> i want to run viewers through what xiaomi does it makes devices from smartphones through to tvs and air conditioners it creates an ecosystem of products, it's been dubbed the apple of china i want to get into where its money comes from the majority is from smartphones. 70% from the handsets, 20% from the internet of things, so that include

bid heard it seems now with the deadline here ,echostar saying it does not intend to make an offer. see how in shares closed, down of session. this is bloomberg. ♪ vonnie: that is some of our reporting on tictoc by bloomberg. now it is time for our global battle of the charts. you can see these daily charts on the bloomberg using the function gtvgo. and we are kicking things off in london with maria. maria: i think of a pretty strong contender. more restriction on business --m china and the u.s. it's pretty clear who is winning. this one line here, china's benchmark index, it has all been downhill for chinese equities. this is when the prospect of a trade war escalated. we are completely downhill. the flipside, this line here, the purple one, the s&p 500, it is up 3.2% this year. the equities are not just perform -- outperforming china, but the broader asia-pacific index. that is the blue line. you can check this out on the chart, gtb function. it is: all right, nejra, your turn. it's been a while. nejra: it has been a while ,vonnie. have seenly insane we equities outperform engine

echostar said a combination of both companies is strategically compelling.would gain valuable airwave licenses that are owned for potential deal. china's version of yelp is announcing ipo plans. china has minted more billionaires this year than all 2017. of the 27 new millionaires, one third have cashed in after public offerings in hong kong. that is your bloomberg business flash. newng up next, soaring on hope in the fight against alzheimer's. this is bloomberg. ♪ scarlet: biogen announcing positive results for phase two of an all-time are drug. alzheimer drug. ofre have been a lot positive results in the search for a cure. >> one of the reasons that people are reacting positively is there is not really anywhere else to put your money. if you want to bet on alzheimer's. so many things have failed, so many things have looked promising part of the way on and then had some blowup in the final stages of testing. this is one of the last things out there in the later stages that people can put their money on. they have some interesting areing results but people b

rbc said earlier this week that echostar me to bid at least 750 pence for share to gain any shareholderld hold outt for more. eurazeo, upgraded to buy at hsbc. finally, smcp, which sells apparel and, accessories a majority holder has sold stock at 25 euros. dropping the most since november 2017. matt: china has announced it's retaliatory tariffs on u.s. goods are now in effect. beijing is targeting a variety of agriculture products as well as cars in its first round of countermeasures. joining us now is the research fellow at the london school of economics. thank you very much for your time. first off, let me ask you what you think about this the first move from the u.s. we heard about tariffs on $50 billion worth of goods, then it was $100 billion than $200 billion, now donald trump is talking about $500 billion. is his bite a little less bad than his part? depends.think women think about donald trump , it all depends on his calculation and whether he will escalate or not depends on his political cause. hethe one hand, we all know has defended the trade dispute on the ground of nationa

penceave rejected a 532 per share improved bid from echostar.a proposal which would was rejected. they say they continue to seek engagement with the board. the terms of a recommended transaction. sage is this eight over. -- is not over. intend to it does not make an offer. be aware of that one. the bca marketplace, back in june, rejected an all-cash offer. that was back in june. saying they do not intend to make an offer to bca. the u.s. has imposed tariffs on several billion dollars worth of chinese imports. from semit products conductors to airplane parts. china says they are forced to retaliate. good morning to you. what is the latest? we know the u.s. has pulled the trigger. 5:00 a.m. london time, about two hours ago. do we know where we are with china? we don't have a timescale. >> no, it is unclear what they are actually going to do. no details on what the retaliation is going to look like. they did release a list in june of $34 billion of exports to china. things like soybeans, pork, airplane parts. those are't announced the things they a

echostar plans to win over the board.maker is looking to streamline its operations. theyberg has learned that are playing the sale of its business in indonesia. the company may try to get about $2 billion. they want to sell off assets as part of a five-year plan to increase sales and cash flow. changede dispute hasn't plans for the ceo and cofounder of chinese electric car start up. he still has his eye on the u.s. market in the near future. bloomberg spoke with him in an exclusive interview in beijing. >> we both start and the chinese market by the end of next year, which is not only the most important but biggest market for us. then we are going to the u.s. in 2020 and europe the second half of 2020. whatever future implications are, we will take into consideration. whatever happens, we would react to it. taylor: that is your bloomberg business flash. tom: it is jobs day and maybe now with the fireworks of a 9% or 10% unemployment rate, but we do it the best we can. us. riccadonna joining conrad is with us. let's bring