the company operates with fuji, handing fuji majority control.ur accounting firms has been sharply criticised by the industry's watchdog in the uk. kpmg audits had shown an "unacceptable deterioration" and will be subject to closer supervision, the financial reporting council said. it added that all the big four, which also include pwc, ey and deloitte, needed to reverse a decline. that show you the markets once again. it has been pretty bad. that is the clothes in the united states late yesterday. the future looking ahead to the us open are all very negative. let's look at asia if we can. i don't know if we have those numbers... no. that is how europe close yesterday. europe will react today when it opens in a few hours time. hong kong is down 2.5%, japan's market was down nearly 8%. the fear factor is very much in focus. safe havens like the japanese yen are back in favour, which does not help japan either. that's it for business briefing this hour. up next, newsbriefing — we'll take you through the stories making headlines in the global media

. >> cold storage fuji apples are on the market right now. they are re-releasing them, which means they packed these apples in september-october to put them in rooms controlled for the atmosphere to suck out the oxygen and the rooms are kept at about 42 degrees, 38 to 42 degrees. it's basically putting them to sleep. they released them again in the spring and summer and the large apples coming out right now are wonderful. they are holding up their crispiness but selection and storage is very important. don't compromise because they will be nhia lee. get beautiful colors all the way around. nice and firm. when you bring them home, they go in the refrigerator. note on the counter. fuji apples, large ones. there still crispy and delicious. remember to eat fresh and stay healthy. >>> a one in seven homes ti that story and more at five. that's it for k-p- i-x 5 news at noon. the bold and t b -- one in seven homes in mountain view are at risk of collapse during an earthquake and it's one of the most expensive places to live so we asked how much wou

, according to court documents they filed their claim is that by xerox callinoff their merger with fuji carl failed to give other shareholders the opportunity to have a benefit of this merger. so these court documents just filed, an ongoing saga that we'll keep an eye on right now shares of xerox moving slightly lower on the heels of this lawsuit by fuji >> one of several corporate soap operas to keep track of. following the markets, still well off the lows. is down 155. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like any of these types of plans, they pick up some of what medicare doesn't pay. and could really save you in out-of-pocket medical costs. call unitedhealthcare insurance company today to request a free [decision guide] to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans... you'll be able to visit any doctor or hospital that accepts medicare patients... plus

, handing fuji majority control. fined apple $6.5 million for refusing to fix iphones and ipads that had been serviced by third parties. australia's consumer watchdog took the tech giant to court last year following complaints from users about faulty devices. apple admitted that it misled 275 people about their rights to remedies such as repairs and replacements. as always, our biz live page is updated throughout the day. there's a discussion on the about the us— china trade war and a discussion about how much the us mid—term elections play a part, what extent politics influences this. comments from analysts. that's just one of the stories you can scroll through at your leisure and see all the things being covered on the business live page. the us senate has voted to reinstate a ban on chinese telecoms equipment maker zte doing business with us—based companies. the ban was put in place after the company violated sanctions on sales to iran and north korea, but injune this was controversially lifted by the trump admini

very ugly between fuji film and xerox.it that was filed last week, what both sights want now, everyone wonders what will happen to xerox. fuji said their offer is the best option for both parties. xerox is under the control of shareholders and they are insisting they can get better value for their money and want to shop the company oults and said they are looking at offers of $-- would consider offers of over $40 a share for xerox which is a big markup from the current price of xerox. haidi: how significant is this threat by xerox? is this something we should be watching? >> yes, i think it would have a big impact on both companies. they are threatening not to renew technology agreement of the j.v.. they don't have a period attached to it. they essentially cover technology and development as well as the sales and supply network in asia pacific and one of the only growth segments right now for for the documents business. xerox insisted this would be a big impact for funerali film. they are netting almost half of their reven

in effect, he would lower the fuji's team and started negotiating on their behalf to get a deal thathey would like, rather than a deal that would make sense for xerox shareholders. carol:, why higher oil prices do not sting the way that they used to. jason: and my birth rights -- my birth rate rising with the strength of the economy. carol: this is "bloomberg businessweek." ♪ k." ♪ ♪ carol: welcome back to "bloomberg businessweek." i'm carol massar. jason: and i'm jason kelly. you can also find us online at businessweek.com. carol: and on our mobile app. in the economic session, we have to keep an eye on oil. jason: right. it is confusing. all of the movement, who is winning, who is losing, what is at stake and where? carol: we got more from our editor. >> the imf is forecasting global growth to pick up to 3.9%. so, that is a good thing. that is one of the factors driving demand, in fact. also importantly, the global economy is not as energy-intensive as it was in 2008, which was the first time we got $100 oil. that is a big difference. industry in the developing world, less energy i

he sat with another colorful figure who runs fuji, and they hatched this whole scheme to some extenthat he sees potentially as a lifeline for him? >> right. it is reasonable to assume that he saw this as some sort of reprieve, that if he could get a good deal that maybe he could keep his job. the lawsuit that was brought strongly argues that basically to jacobson it no longer mattered if it was a good deal or bad deal. in effect, he would lower the fuji's team and started negotiating on their behalf to get a deal that they would like, rather than a deal that would make sense for xerox shareholders. arol: up next, why higher oil prices do not sting the way that they used to. jason: and why birthrates aren't rising with the strength of the economy. carol: this is "bloomberg businessweek." ♪ ♪ carol: welcome back to "bloomberg businessweek." i'm carol massar. jason: and i'm jason kelly. you can also find us online at businessweek.com. carol: and on our mobile app. in the economic section, we have to keep an eye on oil. prices definitely up, and up from a year ago. jason: right. it is co

went from tokyo where did you take in their encounters we hung around mount fuji and then down to the coast of fiji along the coast but that's where we had to separate bill for a little bit like bill watson had to talk for a while why would you believe yes my fight broke out so i can simply train rice so you went through in the trying to where all got picked up by this bloke in iran fiji and he took me up to kyoto so i won't and so cool in kilometers miles whatever currency used to do you did you manage to duck out here that five thousand kilometers that morning we reckon you know you guys funtastic achievements enjoy the rest of you talking with me for world cup people should say logic oh say the karim's yes sir he sees what a welcome piece about people coming from all the world to enjoy this beautiful kind of us. please. so we found some kind libyans. where are here in front of the great fire in the world cup let me jump across a concrete lumbee a when the world calls yes of course we want to know where are you blind to may well you may because we had the best players and it was. su

he says fuji films' own accounting problems made the deal impossible.s this and accuses xerox of breaching the merger agreement by ending the deal without a legitimate reason. haidi: apple is about to pop up the gilliam on its new design strategy. among the upgrades in the works for the new airpods is said to be noise cancellation, water resistance, and biometric sensors. higher thance tag the existing one. facebook instagram may be worth more than $100 billion. that is a 100-fold return since the social network but it. platform reach 100 billion active users this month and bloomberg intelligence expects that this will double in five years. the younger audience is more attractive to advertisers. for asiaat is it daybreak earlier this morning. avon will take us over -- yvonne will take over as we go to daybreak asia. yvonne: we will hear from mark, wrestle ceo. how are they doing -- viewing the market? they just recently launched their ftse total connect index. and we will look at these licensing deals and how they are viewing the situation. kathleen: i

fujifilm shanking more than $1 billion damages from xerox, accusing it of caving to the whims of -- fujiing in manhattan federal court, saying the change of heart was due to external pressures. xerox says it's extremely confident the former board acted correctly in terminating the transaction. julie: coming up, we will have more on the president's plans just announced where he directed the trade rep to identify 200 billion dollars of chinese good for tariffs, upping the ante in the back and forth on trade. the pompeo calling claims of openness a joke. we will look at that, next. this is bloomberg. ♪ julie: this is "daybreak asia." i am julie hyman in new york. yvonne man in hong kong. president trump directed the u.s. trade representative to find 200 billion dollars of chinese goods for tariffs, and talking at a rate of 10%, according to a statement we got from the white house, it seems like the u.s. doubling down on the trade rhetoric right now. let's take a look into how u.s.-china businesses will be impacted. joining us from beijing, the chairman of amgen china. william, that's so muc

and fuji film is ratcheting up a notch.m take a look at natural products company hain the current ceo company founder erwin simon wants a replacement. the search under way but hain did not give a completion for that. >>> i want to get back to our guest host tom farley, former er nyse president what do you think of the red arrows we see this morning >> not much. there was nothing that came out other than oil >> you don't think any of this is trade war dependent >> well -- >> that's what it feels like to me >> we knew about the $34 billion. now we know conclusively about the restrictions on technology investment i would have thought that was priced in on friday because there had been several reports about that >> i think the futures backed off on the news reports. but the pattern has been kind of diminishing impact over the course of a day. the market has softened up a bit. >> and the store last week was trade is really impacting these markets. i was surprise to do the math and see the s&p 500 is at its all time high. 4% off