rich engle is in mosul with the latest.hard. >> we are now in downtown mosul with american and iraqi troops. they are working here in very spartan conditions and working extraordinarily closely together with the iraqis doing most of the front line fighting and american troops providing intelligence device ask calling in air strikes. >> it's taken iraqi backed forces nine months after house to house fighting, but now they're in the final stages of clearing isis. >> that intat you see back there, that's uncomfortably close.. that's 20 meter gun fights. >> the colonel demands more than 1600 american fighters helping to fight isis. any idea how many isis fighters? >> no. in fact, i'm not even sure it really matters. the daesh fighters are in there are going to fight to the death. >> we went to see the fighters -- holed up in an area now in ruins. >> when you come to the front line one quickly realize how difficult this terrain is. this is the ancient part of mosul. it is a warren of small alleyways, perfect for hit and run atta

in the northeastern chinese city of dalien, i am'm stephen engle. -- i'm stephen engle. ♪ francine: he'se breed of chief executive, who dedicated his entire executive life to one company. he was a young business graduate and he joined siemens in 1980, moving up the ranks and around the world for a company described as the flagship of the german economy. siemens truly powers modern life, making everything from turbines and cameras to ovens and factories. joining me, chief executive officer joe

emily: bloomberg's stephen engle reporting from china.g up, one of the world's biggest cybersecurity companies has ties to russian intelligence services that go deeper than previously known. we will bring you a bloomberg businessweek report. this is bloomberg. ♪ alisa: i'm a alisa parenti in washington. you are watching "bloomberg technology." that's a start with a check of your first word news. the epa has been saved from proposed m

engle -- to make it clear, we are not holding up this bill. we have never been holding up this bill. if anybody is holding up the bill, it is probably the white house. that is where you should direct your inquiry, to the republicans as to why a bill that passed in a bipartisan way, 98-2, sanctions on russia, is eating held up in the house. i thank the ranking member for introducing the bill and we all stand ready to support it. we could do it today, practically by unanimous consent. we certainly have to do it next week. thank you all very much.

was bloomberg's stephen engle. they battle between tech titans.words between elon musk and mark zuckerberg about the future of artificial intelligence. coverings of earnings season continues on bloomberg tv. we will be speaking to fort cfo wednesday, 730 a.m. -- 7:30 a.m. new york time. this is bloomberg. ♪ emily: it is the battle of tech titans over the future of artificial intelligence. in one corner, tesla's elon musk, warning that ai may be a potentially existential threat to the human race. on the other side, mark zuckerberg said he's very optimistic about the technology, doomsdays elon musk's scenario is irresponsible. >> with a i especially, i'm really optimistic. i think people who are naysayers and try to drum up doomsday scenarios, i just don't understand it. it's really negative. in some ways, i think it is pretty irresponsible. to 10 years, ai is going to deliver so many improvements in the quality of our lives. emily: musk responded on twitter tuesday, saying zuckerberg's "understanding" of the subject is limited. joining us for the d

reportingphen engle from china. a new hire for softbank.n leaving the firm to the $100 billion fund. large teched on many deals in recent years, including the push for control of sprint. he has been involved in putting together vision fund earlier in the year. calls primemazon day record-breaking. we will show you the history around the 30 hour shopping event next. all episodes are streaming on twitter. at 5:00 int weekdays new york. this is bloomberg. ♪ whoooo. i enjoy the fresher things in life. fresh towels. fresh soaps. and of course, tripadvisor's freshest, lowest prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantly compare prices from over 200 booking sites... ...to find you the lowest price... ...on the hotel you want. go on, try something fresh. tripadvisor. the latest reviews. the lowest prices. ♪ emily: welcome back to the best of bloomberg technology. amazon's third annual prime day was its biggest global shopping event, surpassing sales on black friday and cyber monday. figure by 60% in

emily: stephen engle reporting from china. a new hire for softbank.el rodan is leaving the firm to join the $100 billion fund. he has worked on many large tech deals in recent years, including the push for control of sprint. he has been involved in putting together vision fund earlier in the year. coming up, amazon calls prime day record-breaking. we will show you the history around the 30 hour shopping event next. all episodes of "bloomberg technology" are streaming on twitter. check us out weekdays at 5:00 in new york. this is bloomberg. ♪ ♪ emily: welcome back to the best of bloomberg technology. i am emily chang. amazon's third annual prime day was its biggest global shopping event, surpassing sales on black friday and cyber monday. the event grew by more than 60% over the last year, generating about $1 billion in revenue. the 30-hour event saw more new members joining prime than any other day. we took a look at the history of prime day, and how amazon took a page from alibaba's handbook. amazon is rolling out its third annual prime day in a bigge

from the northeastern chinese city of dalien, i'm stephen engle.or watching. ♪ ♪ jonathan: from new york city to our viewers worldwide, i am jonathan ferro. with 30 minutes dedicated to fixed-income, this is "bloomberg real yield." ♪ jonathan: coming up, president draghi's dovish words, coming up, but his words fall on deaf ears elsewhere. reflation trade struggles to find buyers. the 10 year tips auction draws the lowest number in five years, and counting down to the fed's decision. the long-run miss of its inflation goal undermining for another rate hike. we begin with a big issue, a dovish draghi doing his best to push back against markets. mario drhi

from the northeastern chinese city of dalien, i'm stephen engle. ♪ announcer: from our studios in newcity, this is "charlie rose." charlie: we begin this evening with politics. in an interview with "new york times" wednesday, president trump revealed he would not have named jeff sessions as attorney general if yet known he would have recused himself from the russian investigation. on thursday, sessions announced he would remain in his post as attorney general as long as appropriate. today marks six months since president trump took office. joining me from washington, robert costa is a national political reporter for "the

asia correspondent stephen engle joins us now. what does the announcement, the confirmation that this was an icbm mean for the larger north korea story? tephen: this is potentially a game changer. we have been waiting to see when they were going to develop an icbm. we had heard they developed engines that were capable all of .eing fitted into icbms it is equipped with a nuclear warhead, and can travel a minimum of 3500 kilometers. this test firing earlier this morning into the sea of japan on the way toward japan with less than 1000 kilometers. the key point was the trajectory as you mentioned and also the altitude. the altitude they are saying pyongyang went as high as 2800 limiters. columbus are's. that could give a range of 6000 kilometers. alaska is 5500 or 6000 pyongyang,away from from north korea. seattle is 8000 kilometers away. the continental u.s. about 10,000. not necessarily that far yet. potentially a game changer, something that tim johnson -- un jong-il and -- kim jong and his generals can beat their chests about. we

stephen engle joins us from shanghai with more. is there anything different in that they will be tackling? it sounds exciting, doesn't it? the national financial were conference or yeah, conference. i get it mixed up. it is quite important with xi jinping coming. he is going to push forward his priority, containing financial risk. this year could be different because over the past conferences, you have seen the establishment of different regulators. because there has been regulatory arbitrage going on over the last few years a loving riskier products to be introduced, they are looking at consolidating these regulators under one roof in creating the pboc -- an office for coordination where you would put the banking regulators, the securities regulators, and the insurance regulators, under one regulatory office within the pboc to have more focused and anddination and cooperation regulation of the financial sector. that could be one take away as well. keep in mind, the longest-serving central bank governor china has ever had is passed

[laughter] he was talking to stephen engle. much more ahead. misguided and distorted.ost our guest will join us next. this is bloomberg. ♪ yvonne: this is daybreak asia. expecting june trade data out of china this morning. the consensus is for the rising exports providing a cushion for china's growth as investment slows. the spring and a senior fellow with the asia program at the carnegie endowment. he is cracking the china conundrum. usnks so much for joining from singapore. if we continue to see china's surge ahead,orts which is the expectation with the june numbers, is it going to get a lot harder between the u.s. and china, between president trump and president xi? >> you are absolutely correct. president trump looking for reduction in u.s. trade deficit and he wants to see china's trade surplus thinking. as your recovers, exports to the west will increase. so it goes directly against what president trump is hoping for. betty: will it amount to things like steel tariffs? >> environmental protectionism died down for a while. the mar-a-lago meetings led to the agreem

stephen engle is with me now. what a start to be dealing with this.have qatar, the korean peninsula, so much to be getting on with. we can talk about a number of things. lots to discuss, and of course people taking to the streets in hamburg. welcome to hell. , well, let's roll the video. it is in a traditional leftist heart of hamburg, but there was a march planned and was infiltrated by 1000 masked writers who shouted, all of hamburg hates the police. was originally anti-capitalists, and armed vehicles are patrolling the streets through the night, shops close, larger protests planned today and tomorrow. andce used water cannons pepper spray and many people in hamburg feel under siege as world leaders convene on the city in germany. the common thread among all these issues, not necessarily the protests, but donald trump. was six against one, angela merkel saying the discord is obvious and would be dishonest to paper over the conflict. donald trump comes with one set of agenda items, and others like angela merkel and xi jinping will talk about their sh

thank you so much, stephen engle on the new bond connect and handover commemoration over the weekend.will have more analysis on the bond connects later. we will be joined by pine bridge's andrew lau. markets, weberg have this person. staying in the u.s., let's get it preview of what to look out for. what to watch. ramy: even though it is a shortened week we have a lot of stuff. let's look at monday with regards to the equities on the radar. social media, something that has gone with our viewers in australia. patent toa grant or start peer-to-peer payments. this will be interesting in terms of how it impacts the big four banks. the $1 billionst or so. potential impacts with trading. we will be seeing what happens with facebook shares when those start trading in the u.s. -- wynn, macau, this is because of macau gambling revenue. #btv 7382. on the right-hand side, the green bar chart is 29.9% in terms of a rise in gaming revenue. that is the highest since 2014, but the estimate was found 30% rise. a lot of people are optimistic this will keep going especially after the last few years. as

i am lucky enough to be joined by jack engle, ceo of the alternative management association, or ama known to everyone thank you for joining us >> good morning. >> tell us what you found in the survey my understanding is that other surveys in recent years pointed to a much higher break even point for hedge funds to flourish. >> yeah, we were puzzled by some of the other reports out there, which suggested you needed minimum of 250, $300 million to successfully manage a hedge fund operation in 2017. that didn't quite stack up with a number of managers we saw, particularly amongst our members but were smaller than that size. decided to conduct a survey of broad range of managers. very good set of responses back. they responded $86 million on average was break even rate. >> what do you need to succeed, do you need a star name, do you need to have a niche offering? who are the ones winning and why. >> i think the time where people came out of investment banks, could set up a hedge fund and be successful out of the gate from the get go are gone, a star name comes out of existing hedge fund manag

also, what is happening -- stephen engle joins us there. >> let's talk about the china markets and theties for foreign companies. we welcome in the ceo from the netherlands. thanks so much again for talking to us. so, what stood out to you as a foreign business person who does business here? i think 13% of your revenue or thereabouts comes from china. what stood out to you? >> the premier is stressing very much the inclusive growth in the west. i mean, china has benefited quite a bit from globalization. the west, also, international trade. but in the west, and the united states, several european countries, the feeling is that the gross globalization has not been beneficial for all parts of population and there is roughly 30% in all countries who feel to be left behind. and those people vote in a particular way. and as we've seen in the u.s. and with brexit but also le pen in france. it is a kind of protectionism. and, china, of course, does not want u.s. to be protection is an want free trade and wto. >> i'll play the devil's advocate. donald trump says they have not been playing by th

engle -- to make it clear, we are not holding up this bill. we have never been holding up this bill. if anybody is holding up the bill, it is probably the white house. that is where you should direct your inquiry, to the republicans as to why a bill that passed in a bipartisan way, 98-2, sanctions on russia, is eating held up in the house. i thank the ranking member for introducing the bill and we all stand ready to support it. we could do it today, practically by unanimous consent. we certainly have to do it next week. thank you all very much. >> sunday on cue and day -- q&a. >> about the distribution of wealth, that corruption. >> saudi arabia and women's rights activist talks about her time in prison after challenging on saudi government ban women drivers on her book, daring to drive. size of three texas and women cannot drive. we wanted to change this by this movement. we are still campaigning for the right to drive. not an acto drive is of civil disobedience. we are able capable, of driving and being on the driver's seat of our own dust a

stephen engle, bloomberg news, shanghai. shanghai composite closing down at 1.4% in the session. a lot of questions over whether better than expected growth will give pboc more leeway for deleveraging. it is time for the bloomberg business flash. procter & gamble faces a proxy fight from nelson peltz's try and -- trian fund management over what it calls the consumer product company's slow-moving and insular culture. the buyout firm kkr is preparing for the future, promoting two executives in the 40's to the new roles of copresident and co-chief operating officers. henry kravitz and george roberts will remain as co-ceo's and cochairman. credit suisse is working on a new strategic three-year plan that will focus investing on its most operable areas. according to a memo seen by bloomberg, the swiss bank moved up a strategy meeting to june from the usual time of late august. credit suisse says the new plan should drive the back valuation higher after 2018. that is your business flash. really interesting that credit suisse is sig

he also spoke about china's changing role in the global economy, a topic that stephen engle discussedfile guests. reporter: what did you take away from the speech? it was almost a carbon copy of previous speeches, saying that china can withstand all of these challenges. they are going to meet their targets. there is not going to be any hard landing. guest: on the domestic side, i think he was sending a very soothing message, but also making it very clear point that in the lead up to the party congress in november, the government is going to do whatever it takes in order to maintain reasonable rose and financial stability. next year is the year to be concerned about because we might see some more forward reforms which could set up unprintable consequences of their own. -- unpredictable consequences of their own. what i found even more interesting was the international aspects because, right at the beginning and throughout the speech, there was a notion of china taking on the thele of globalization, notion of free and fair trade, free flows of capital. all of these permeated his speech.

he talked about china's changing role in the global economy, a topic stephen engle discuss with severalwhat did you take away from the premier's speech, claiming china can withstand all of these challenges, they will meet their targets, there will not be any hard landing? eswar: china was sending a very soothing message but also a very clear point the lead up to the party congress in november, to make inroads with financial stability. next year is the year to be concerned about because we might see some unpredictable consequences, and it could come to a head, but this year is ecure. what is even more interesting about the speech is the international aspect because if the beginning and throughout, there was a motion of taking on the globalization mantle. there was the free flows of capital. all of these have permeated his speech, whether indeed or not we will see them, in principle china wants to take on this motion, promoting globalization nd it is all for it. scarlet: a number of leading ceo's also spoke with bloomberg this week your he must begin with bmw's chairman. he visited the u.

let's bring in stephen engle. good to have you on the program. how is this concerned i'd -- icbm test a game changer, that in this standoff between north korea and the americans? that's the big question. i've lived my entire adult life in asia, 27 years. i've seen a number of these kind of redlands from north korea. we to get complacent, sometimes shrug it off, market do as well. it seems a is time, now that they do have the capability with icbm to reach u.s. soil with a potential nuclear warhead, that's a game changer on this table. the threat alone in the eyes of pyongyang's mind is, big are getting chip if you well. the question though, moves on to, does this -- lead to negotiations or does it lead to military conflict?\ that's the end game. north korea saying it will not discuss its nuclear or missile programs unless the united states scraps its threats the pyongyang burress -- perceives from washington. it even talked about sending a frequent gift to the united states in commemoration of the july 4 independent day celebration. there's a high

emily: bloomberg's stephen engle reporting from china.g up, one of the world's biggest cybersecurity companies has ties to russian intelligence services that go deeper than previously known. we will bring you a bloomberg businessweek report. this is bloomberg. ♪ >> it is 11:29 a.m. in hong kong . i am paul allen with the first word news. 31 as thes named july date for an extraordinary shareholder meeting. that will happen within three months, the egm. shareholders who have exercised voting rights, toshiba is still talking to potential buyers about eight/chip memory unit. softbank is hiring a media executive for a $100 billion vision fund. andn will join the fund moved from new york to their headquarters in california. they are trying to get control of sprint. softbank is in talks to invest in chinese bank rentals. on high denomination notes late last year has claimed to have cost to the country more than one million jobs. says 1.5 million people lost worth from january to april. the ceo says most of the losses were among young people in b

that is a topic stephen engle discussed with several high-profile guests.take his speech? they were saying china will meet the challenges and meet their targets. sending a sitting message. you saying the government will do whatever it takes for financial stability. next year, we might see moves which could set off unpredictable consequences. i think some of the problems may start coming to a head. this year, i think it is secure. what i found interesting was the international aspects. there was the notion of china taking on the mantle of globalization. the notion of free and fair trade. all of these permeated his speech. when you take on this notion it is promoting globalization and all for it. scarlet: a number of leading c.e.o.'s also spoke with bloomberg. the newed to say spending will create about 1000 new jobs. he told matt miller b.m.w. considers the united states it's second home. being successful in the united states is part of our strategy. matt: you export $10 billion of cars, more than any other manufacturer, including four or g.m.. have you expl

our chief north asia correspondent stephen engle is at the exchange. it is official?se. you will hear drills and banging because they are deconstructing the ceremony here. gong wass when the banged and the connect went live heading north and to china. no timetable for southbound, but it is an inevitability. they are saying the market conditions favor going northbound for foreign investors only going into china. nearly $10 trillion bond market, is in the hands of foreigners, so lots of potential. a lot of risk as well, questions about transparency and china's corporate on market and the issuing of ratings, whether they are h or representation of the risk. controls are capital as well, so it is a baby step, a big baby step from the beginning of the further integration of the bond markets globally and china, the third bond market in the world. a few comments coming from dignitaries, the deputy pboc governor was the first to speak in the press conference saying this will build a bridge for foreign investors and show china has the will to enhance hong kong as a financial h

richard engle, nbc news >>> mexican authorities saved their lives after hike got very off course.mo morgan fox and his two daughters got lost as they went through the baja pe pins -- peninsula. it had been 20 years since i descended into the canyon. the terrain had changed quite a bit. so i think that threw me off a little. >> search team spotted them by helicopter, but couldn't do an air rescue. so fox who diabetic and his daughter spent two nights in freezing nighttime temps as they waited for a ground crew to reach them. >>> venus williams won her match today and then broke down in front of reporters at a news conference. it was tough to facebook page today. the tennis star was involved in a deadly car crash in florida in early june. a passenger in the other car eventually died. police say williams' caused the crash, but she hasn't been cited or charged with a crime. now, the family of the man who died is suing her. williams was clearly at a loss for words when asked about the case. >> there are really no words to describe, like, how devastating and -- yeah. i am completely spe

however, leader pelosi and i along with chairman ranking member engle introduced the senate bill as originallyand would be for that. that could be brought to the floor. wei cou we could pass it, send it back to the senate or directly to the president. it's a house bill. so it would have to go to the senate and they'd have to approve it but something they had already voted on, as you say, 98-2 or 98-2. i urge the majority to bring that up. if we add additional items to the bill it's simply going to slow it up and weaken it and i think we ought not do to that. urging the majority leader to move a bill to the floor which we think would be overwhelmingly supported by the house. >> you think that's what the republican leadership in the house is trying to do? delay, delay, delay? because the white house does not like this, this senate passed bill? >> well, it's -- it's clear that the white house is not for this bill. mr. mccarthy has told me and i take him at his word he wants to see this bill pass quickly. he has said he wants to add korea. talked about other items. very frankly, my position has be

. >>> magic we from richard engle. u.s. official say pushing isis out of the another strong keyhold is another key, malcolm nance is the author of "defeating isis." malcolm first of all the, that last might, the just a few the bar barracks stuff that eye says has been doing today, they are welding people using the metal gates, welding people inside their homes, these suicide bomber attacks. in the not easy. the last mile is never easy. >> no, it's not. this is how-to-house warfare. i've been in urban warfare, but warfare in the last tightest section of the old city with civilians in the way and isis determined to kill. they're sending out female suicide bombers, black widows we call them, children, and using human shields. isis is finished in mosul. they know it. they're all wearing suicide bomb belts but they're trying to take their last stand. >> but malcolm, they're a death cult. >> yes, they are. >> when people talk about them being fundamentalists, i remind them that people who believe in islam is not part of a death c

. >> joining me now, bob engle, a columnist and blogger covering the bridge gate scandal and author ofhristie: the governor and his rise to power." take it away. >> they sounded defensive, didn't they? one of the things not being said here, yes, there are beaches that are open. that are not in state parks. how about the people who planned to be at that particular place? and find out at the last minute they can't do it. how about the businesses close to that particular place that are not getting any business now because it is closed down. it really is sort of like a "let them eat cake" kind of a deal. i think a lot of it has to do with christie's frustration because it is at 15%. >> so coming out against chris kr christie, his approval rating right now is at 15%, i mean if you just want to argue that this is just optics, the optics are not good for a governor with such a low approval rating, is he sending a message to the people of new jersey that he represents that he doesn't care any more? >> that is exactly what it is. he says i'm okay i'm at 15%, i don't care, i'm governor and you'r

engle side at 62 degrees and 86 in thnovato. little bit cooler along the coast.he coast, going to be heading inland or away from the coast, that's where temperatures will be hottest in the tri-valley today, we are going to be starting out this morning going golfing at 67 degrees at 9:00 and then temperatures quickly get very hot reaching into the low 90s and for the peninsula, highing, heading to the hiking trails it will be foggy to start. cool temperatures and then becoming mostly sunny. the highs only in the low 60s. want to give you an update on hurricane fernando out in the pacific and not expected to affect land and may strength on the a category 4 and could be something making head loins and here we are talking about the heat on the way while san francisco will be in the mid-70s this weekend. inland areas will have some dangerous heat up to 101 degrees and more on that. mike is giving us update on the issues on the road. >> the bottom of the screen, southbound 75 at keto. word that the tow truck arrived at the scene. doesn't sound like major injuries an mo

. >> shepard: laura engles. does the president have any plans to come back there soon, do we know?> not that we know of. as we know he's been traveling, spending time at his place in new jersey. we have checked in with our produceers with the white house and they say there are no plans for him to come here. the president telling fox news earlier in april, you might remember, that it makes them all feel a bit remorseful travelling to new york in the first place. >> president trump: i love new york. but going back is very expensive for the country. they close up fifth avenue and they close up 56th street. i live in trump tower which is right smack, great location, right smack in the middle of everything. i always feel a little bit guilty when i go there. >> bottom line is if he does show up this summer the white house military office will be here behind us in trump tower ready to go. >> shepard: laura, thank you. the pork barrel spending in washington, increased by more than 100% over the last five years. that's according to citizens against government waste. that's a group that moni

and nbc's richard engle is there too.s live from germany tonight ahead of his big richard engel special we're doing here tomorrow night. the head of the government ethics office also resigned today. he got as famous as a bureaucrat gets for the robust way he stood up to the trump administration and to trump himself on ethics issues and the president's unprecedented conflicts

and nbc's richard engle is there too. and he is joining us live from germany tonight ahead of his big richard engel special we're doing here tomorrow night. the head of the government ethics office also resigned today. he got as famous as a bureaucrat gets for the robust way he stood up to the trump administration and to trump himself on ethics issues and the president's unprecedented conflicts of influence. his name is walter schaub and not pushed out but he is leaving because the government ethics rules are not strong enough to allow limb to stand up to what this president and his family are doing. so he is leaving his job at the office of government ethics in order to try to strengthen those roles from the outside. so very interesting resignation today. we have more on that story ahead. there is a lot going on. we have a big show tonight. but we are going to start with something different tonight. i said at the very end of last night's show that we have a scoop to share with you tonight. this is that scoop. in house on

nbc richard engle is in moscow with the latest. also joining us susan glasser.tic are these moves? put it in context for us and what else might russia be doing that we're not seeing publicly? >> well, first on the moves that were announced this morning. i'm standing in front of one of the facilities that moscow says it is now seizing. this is a country house. we're in the silver forest. it's about 20 minute, half hour drive from the center of moscow. it's a typical country house in a very nice wooded area. this facility has long been used by american personnel to relax and come to escape the rigor offense their joof their job. there's barbecues. you can see picnic tables. a very quaint house. according to the russian foreign ministry, the americans will no longer be able to use this country retreat. nor will they be able to use a storage facility in the center of moscow. those moves coming into effect at the end of this month. just in a couple of days. in addition to that, the u.s. government, the u.s. diplomatic core will have to reduce its footprint in russia

andtephen engle reports, the deleveraging push is having a disproportionate impact on chinese developersvel and fork ready for the great asset feast of 2017, china's biggest developers are swallowing up rivals and land at a record pace. pending an unprecedented $14 billion on such deals, some c gobblingr with suna up wanda's assets for $9.3 billion, china's largest real estate transaction today. it is maker consolidation under the government's deleveraging campaign. medium size developers have trouble getting finance. they want the targets for the bigger developers. you will see a lot of developers, small or large, they will change their strategy slightly to an asset-like strategy, some were sales of moving assets and capital into different areas that have high growth potential for paying down some debt. ac property developments are popping up all across china, and find the one that power lay, do we have a new debt keen in sunac?king in china with soared, and s&p puts sunac pundits and negative watchlist. they have raised their foot rent from four chinese cities to 44. the chairman has c

engle on the commemorations over the weekend, but also the bond connect.e won't have more analysis a little bit later on bloomberg. find bridge investments head of fixed income for asia outside of japan will be weighing in in the next hour at 8:10 in hong kong. on, 9:40 am hong kong , ubs senior china economist joins us. >> let's see what we can expect this week with remy inocencio. >> it is already july. it has gone by. even though it is a shortened week, a lot of things on the radar. first, equities. some of the information technology stocks, particularly facebook. a drop in the s&p 500, information technology, but there could be news for facebook because they got a patent granted in australia aligned for p or two. --an's to take place australia, allowing for pure two eer to peer payment to take place on messenger. to some ofahead these gambling stocks, it turns out that revenue coming out of macau is the best since 2014. hop into the bloomberg terminal, #7382. that is the gaming revenue macau got in the past month, but that was worse than estimated. it

ofnne: that was the head consumer lending speaking to stephen engle. oil producers meeting in st. we get j.p. morgan's view on the energy market. ♪ we are counting your down to the first major market open this morning for you to see downsides when it comes to equities, futures down 120 points right now. this is daybreak asia. i'm yvonne man in hong kong. russia's energy minister said libya and nigeria might join oil opec cuts agreed to buy producers, but only when their own production stabilizes. both are trying to reduce supply. the participation will be's -- be essential. we have more from deceptive and the dean. -- yousef gamal el-din. the secretary-general of opec, mohammed barkindo, just sat down. he is confident, he is optimistic it is working out, but he has described the level of compliance as excellent. once this has taken place, both onshore and offshore so we are pretty sure the rebalancing ,rocess may be at a slower pace but it is on course, and is bound to accelerate because of the compass. >> monday morning things really kick off with the monitoring ofmittee that con

. >> reporter: if engle is correct, don't expect a cp3-o or r2-d2 to be sharing your home soon. >> we could then interact with the other robots in the home. but the reality of home robots will be different. not a single robot but a collection. >> reporter: that may be less spectacular than science fiction, but it beats pushing a mower in the hot sun. for "cbs this morning," omar, plano, texas. >> let me just say, i loved your introduction to the piece. there's, i guess, a north carolinian way to say it, how do you say kitty litter? >> kitty litter. i'm proud of it. >> can i call you up though? >> norah told us she enjoys mowing. >> i do. by the way, i think it is a great idea. i'm glad it does it, but the weed wacking is important, getting the borders right. >> when is the last time you do this? >> mowed the lawn? you know me so well. >> like riding a bike. >> all right. >> got you. >> i'll get you back. >>> a new documentary explores whether the u.s. can still lead the world. richard haas wrote the book that inspired it, and he is here in studio 57. >>> also, actor of the new world w

stephen engle is joining us right now. walk us through the details.eacting to? let's get to the good news. , gdp betterers beat than expected, six point 9%, expecting 6.8% the consensus estimate. actories pumping out goods at faster clip, so industrial production at 7.6%, a full percentage point more than the previous month and the estimate. the factories are doing well. we got a hint of that with export numbers for june better than expected as well. retail sales better than expected, 11%. we were expecting 10.6%. they fasted urban investment just above estimate. why is the market of plotting that? the work conference we had over the weekend with xi jinping helming this closed-door today meeting with a map out financial priorities and containing systemic risks for the next five years, that is taking precedence and what is on everybody's mind. perhaps that's why markets are jittery. perhaps they will see more financial regulation in the industry here and a deleveraging push to take out the risk in the economy. that is that the economy of the news flow

david: that was the head of consumer lending at xiaomi speaking to stephen engle.et an update from the imf on its world economic outlook. what are the downside risks for the global economy? that is the key question the imf is looking at. one key risk could be china, will it maintain growth momentum , 6.7% last year. we will hear from the imf and what they have to say on their latest update and to discuss this, independent strategy, we will discuss all of that, and what is it mean for developing markets, especially thailand? the secretary general of the eastern economic corridor of thailand will be dissecting what everything means for his economy. all of that, coming up. this is bloomberg. ♪ ♪ shery: a mixed picture across asia-pacific, stocks falling in tokyo, the hang seng rising. a property developer among the day's winners. a record in hong kong. or your weekends as producers meet in st. petersburg. , asian being pressured stocks falling for the first time in 11 days from that 2007 hi. -- high. btv 6542 showing we are still in the mscitrend for regional benchmar

fox's laura engle checks out a floating tank at floating lotus in new york city. >> reporter: many say weightlessness. >> you're floating and it's very relaxing to just let yourself float. >> reporter: it's called floatation therapy and it's for anyone. >> men, women and any age range from teens to adults. floatation therapy is great because it can help with anxiety, depression, stress, ptsd, add so kids like to come in before studying for exams and tests. it helps to focus. we have people like sports players coming in, it helps to relax their muscles. it helps also for people who can't sleep at night. >> reporter: some people compare the experience to my meditation. the basic concept is to external stimuli so the body and mind can quiet. fostering a natural restorative state. >> when you're floating your serotonin gets raised. those are your happy hormones and it lowers your cortisol levels. people come in before work to have like a great day. >> reporter: this sensory deprivation treatment has been around since the 70's. >> john louie created this looking to experiment with being in

bloomberg's stephen engle reports. >> north korea announced its hwasong intercontinental ballistic missileworld. north korea said it tested an icbm, reaching as high as 2000 kilometers in altitude before hitting its intended target in the sea of japan. the north says the icbm "caused no safety harm to neighboring countries." obviouslynouncement intended as a warning to the united states. and icbm is categorized as a guided missile, usually equipped with a nuclear warhead, with a range of no less than 5500 commenters, which is approximately the same distance to alaska pay the west coast of the continental u.s. is as little as 8000 kilometers from north korea. south korea, japan, and the u.s. have strongly condemned the test. mark: for more headlines, let's check in with bloomberg's first word news. emma chandra has more. moscow, russia's president is meeting with china's president. the countries half in strengthening the economic and diplomatic ties in recent years. trade between russia and china rose 33% the first five months of the year, according to china's official news agency. meanwhil