the man who brought down carlos ghosn, so this is irony.t into the whole narrative going on with him? there is a trial in march or thereabouts. will well, certainly, this undermine the prosecution's case, simply because saikawa is the source of many of these allegations. he is the one who brought the allegations forward, and when you think about it, it is almost baffling. here you have saikawa bringing forward allegations of pay misstatements, and at the same time, he apparently already knew that he had asked the company's coo to look into ways to increase his own pay. he ended up as he exited or agreed to step down, during a press conference, he sort of tried to blame that yet again on carlos ghosn, saying it was his fault that these discrepancies showed up, but here you have a case, those allegations that led 's downfall, they were initially made by greg kelly, one of the executives arrested along with ghosn in this case, so he knew about these allegations at that time. he has been under arrest. this is not something that has been uncover

wife of carlos ghosn speaking out.back i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ could another come aroundot, the corner. or could it play out differently? i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot. almost 98% of patients on eliquis didn't experience another. and eliquis has significantly less major bleeding than the standard treatment. eliquis is fda-approved and has both. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on eliquis call your doctor right away if you have tingling numbness

juliette: what are some of the parallels with the allegations against carlos ghosn on pay and whetherthink this could affect his case too? dave: that is another striking thing. the initial allegation against carlos ghosn that got him arrested, led to his arrest, anyway, was that his pay was misstated. it turns out the same has taken place now for saikawa, hiroto andawa, the current ceo, this raises the rather obtuse question, did he know about this pay arrangement as he was calling for an investigation of carlos ghosn? done in, that was all secret without cobblestones knowledge, without greg kelly's knowledge, yet greg kelly was in on the plan to adjust the share prices, which is how that pay was judged to be fraudulent for or inappropriate for hiroto saikawa. it had to do with the adjustment in the share price. he knew about that as they were accusing carlos ghosn so that could undermine their credibility in this case. juliette: dave mccombs in tokyo, thank you so much. a quick check now of the latest business flash headlines. a chineseeur -- billionaire is putting his face in chines

the japanese carmaker, nissan, and its former ceo, carlos ghosn, have reached a settlement with the usommission. the comission had accused them of making false financial disclosures about more than $140 million to be paid to mr ghosn in retirement. nissan will pay a $15 million fine, and mr ghosn will pay $1 million, but neither has admitted wrongdoing. and these pictures are not from mars, but from indonesia, where skies turned red over the weekend thanks to the widespread forest fires which have plagued huge parts of the country. in these photos, eka wulandari, from the mekar sari village injambi province, captured the blood—red skies at around midday on saturday. every year, fires in indonesia create a smoky haze that can end up blanketing the entire south east asian region. thomas cook — one of the world's largest, and oldest travel companies — has collapsed, leaving thousands of travellers stranded overseas and putting more than 20,000 jobs at risk. the confirmation came earlier on monday, when last—minute talks, to save the 178—year—old company, broke down. a fleet of planes has

less than a year after the fall of carlos ghosn, nissan is losing another leader.ng down after a scandal about his pay. let's go to tokyo with our global business editor. how big of a setback is this for nissan? dave: this is really big. i think from the beginning of the break of the scandal you had questions raised about how long he would be able to stay at the top of the company. known as being part of the scandal, at least with it happening on his watch and him being the ceo of the company at the time. so it was only a matter of time. for him to be departing under these terms is a huge blow to the company. last week we already saw they were forced to delay the pricing bond.50,000 billion yen it cost them every day that is delayed. they are now in a process where they have to select new leadership. that slows down all the reforms they had been planning to make at the company, and implementing changes, including their partnership with renault and mitsubishi motors, getting that straight, and possibly forming other alliances, which is the big issue in the car indus

ghosn did not admit to any wrongdoing. he's facing criminal charges in japan, where he's currently t on bail. >> if you order out a lot, 's heomething you may see the next time your food is delivered. the future of home delivery. phil lebeau tells us about the rush to make deliveries driverless. >> this may b future of ordering out. post mates, the on demand delivery asfirm, which grown rapidly since 2011 is testing driverless rovers tha travel at low speeds and have the ability to maneuver downlk side if there's a problem, a post mates employee can step in and take control. the technology to monitor and drive post mates delivery partners has been working on teleoperation of vehicles for a couple years. they can steer the vehicle as if they're sitting behind the wheel. other delivery firms are working on autonomous deliveries. the tech firm neuro has and dominos.ry chains automakers likeord are testi the waters. the key to autonomous deliveries is having a way to ensure someone can monitor and if needed take control tain s

coming up, more trouble for carlos ghosn.on the hook for millions in fines after the fcc -- the sec says they failed to disclose millions. this is bloomberg. ♪ automakerthe japanese nissan and ask chair carlos ghosn as settled with the sec over hiding millions of dollars in pay. it put the company on its heels. of nissan,s he chair but talk to us about whether this fine, which actually isn't that big for carlos ghosn himself, how does it affect what is happening in japan or other legal wrangling. >> he settled the allegation. 2010, japan had a new rule about disclosing more fully executive compensation. eache case today explains, friday variety of different totems avoid disclosing it investors. regardless of how this turned out with the sec, -- >> he is out. joe: when did he get out? is --ew months ago there a few months ago. there is an investigation in france as well. this settles the sec portion. romaine: his successor who came in after him and up stepping down from nissan. we are talking about primarily for failing to dis

nissan will pay $15 million and carlos ghosn, the remaining $1 million. the claims stem from a 2004 decision that 11 silly -- allegedly gave him -- global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritter calypso. this is bloomberg. -- kriti gupta. this is bloomberg. kathleen: thank you so much. world leaders and diplomats are gathering in new york for the un's general assembly with plenty of intrigue in play. tensions will likely overshadow this week's meeting. the meeting between president trump and the iranian delegation are fading fast. he is scheduled to meet nearly a dozen state leaders for some sideline diplomacy. josh wingrove has been following the president. i have to let everyone know, that was your question about the farm visit by china. you really stirred the pot, man. >> we had about half-dozen of these bilaterals. it was an ongoing press conference. we talked that out. the delegation was planning on going to a couple of states, touring the u.s. far

looks to me and it looks to everyone i've talked to in the industry is a coup to get rid of carlos ghosn because he was trying to merge 3 car makers into one which would have made them a very powerful company but instead they disposed of him. and lauren in happier news on automaker partnerships toyota is reportedly going to increase their stake in subaru made a similar move to further develop their relationship with suzuki last month what's to yoda's play here and what is the dynamic is there a dynamic sort of driving this little flurry of corporate auto alliances. but when you have a corporate auto alliance what you're doing is saving money so toyota is substantially larger than subaru and suzuki but in sharing platforms with the power trains or technology it lowers the cost for everyone having a stake in subaru that's larger means that they're going to have more profit margin allowing them to expand their line subarus done really well here in the u.s. . lately they've had much expansion and on a global basis suzuki is still there although they don't sell vehicles here in the us they se

japanese carmaker nissan and its former chairman carlos ghosn have severed a false financial disclosure claim by the u.s. securities and exchange commission nissan was fined $15000000.00 and go on $1000000.00 ago it is also banned from serving as officer or director of a publicly traded u.s. company for 10 years. indonesian investigators have released initial results into their investigation of a boeing 737 max operated by lion air last october the report blames design flaws and manufacture oversight for the crash backing up other investigations which have raised safety concerns about that boeing model. over japan the countries at the leading edge of robotics research fine tuning technology that increasingly blurs the line between humans and machines and that worries you there's no need at least according to one of japan's leading researchers take a look. oh forget clunky automatons doing basic tasks and listen to erica here future robots talk the talk their brains infused with artificial intelligence this is a lot more science than fiction japan is going all out to build robotics tech

and also happening in the auto making world japanese carmaker nissan and its former chairman carlos ghosn have severed a false financial disclosure claim by u.s. regulators the securities and exchange commission says they failed to disclose more than one $140000000.00 and pay nissan will now have to pay a fine of $15000000.00 to the f.c.c. and go on $1000000.00 go is also banned from serving as officer or director and a u.s. company for 10 years under the agreement former nissan chairman still faces criminal fraud allegations in japan. is the most widely used manmade material for building and it's a massive contributor to the climate crisis the $4000000000.00 tons of cement produced each year for concrete construction account for 8 percent of global c o 2 emissions now engineers at the university of lagos' may have found a more sustainable alternative civil engineers dr vall from schmidt and dr colo worley a decent owner not a share a common mission finding the construction material of the future and they reckon they're on to something the peel of the richter vegetable kasatka has propert

it comes of course as nissan tries to rebuild following the arrest of former chairman carlos ghosn oncharges, which he denies. let's go to our asia business hub where rico hizon is following the story. ben! more woes for nissan? turmoil for japan balls number two automaker. mr saikawa has admitted to improperly receiving stock related compensation. an internal investigation found it had received —— he had received tens of millions of yen, more than he should have, through a stock appreciation rights scheme. he said he would return the excess amount to the japanese automaker while revealing, then, that other executives have also received overpayment —— ben, and under this stock appreciation is scheme to raise morale among executives, executives can receive a bonusif executives, executives can receive a bonus if the firm's separates performs well. but some are saying his admission raises more questions about his ability to steer the automaker through a financial crisis against mounting costs and sluggish sales. rico, thank you very much. we will see you soon. now let's brief you on some

nissan will pay $50 million and ghosn, the remaining $1 million.ly gave him authority over pay decisions for himself and other officers. embattled utility pg&e is cutting power to more than 20,000 customers in northern california to stop electrical couldn't from sparking wildfires during the current dry and windy weather. the power has been cut in three counties. pg&e has warned 120,000 customers in nine counties that they may be effective. filed of bankruptcy with a wildfire liability in the billions of dollars. global news 24 hours a day on global news 24 hours a day on air and on twitter, powered by more than 2700 journalists and analysts. this is bloomberg. kathleen: thank you so much. we will get right onto what to watch in asian markets this morning. sophie, not too much action in the u.s. to bounce off of so what are the drivers? sophie: i am taking a look at currencies this morning early in the asia session. want to highlight the euro, 50% of the sharp drop we saw overnight with the currency weight by german and french economic data. despit

ghosn was arrested in tokyo in november and faces charges of financial misconduct.nissan is in a salary mess of his own. he says he will return a portion of his performance-based pay after auditors determined he was overpaid. the audit found he received $400,000 in stock appreciation rights that were miscalculated. and look out, tee tesla. porsche unveiled its first fully electric sports car. they haven't revealed the range yet but they say the car will be able to partially charge in just 22 minutes. one advantage it has over tesla, you can have it delivered by the end of the year, that is, if you can afford the price tag. it starts at $153,000. and speaking of high prices, a 31-year-ol31-year-old van coulde millions. its was covered in graffiti by street artist banksy. it's scheduled to go up for auction on september 14th. it could go for $2 million or more, which would make it the most expensive bangsy art -- banksy art work ever. lauren: i wonder what you do with it. ashley: park it out front. coming up, paper straw% horrible, right. one company says it has the a

they had filed against carlos ghosn accusing him of failing to funds and making false statements. he will pay a $1 million penalty. nissan will pay $50 million the sec. more on bill dudley's remarks, were joined by our chief u.s. interest rates strategist in princeton, new jersey. on the point of the repo operations and their success or failure, bill dudley seems to be sanguine. maybe the fed was one day late, but everything is under control now. would you say it is case closed at this point? i do think there has been a band-aid put on this gaping wound. we will have to do more of these operations on a regular basis until the federal reserve decides to start expanding its balance sheet again, what i've been calling qe light, which is expanding the balance sheet enough to keep reserve balances stable. we are closer to the reserve tipping point then i thought we were. i thought we would have to do this next year, so maybe we have to pull things up three or four months, but the fed does have the right tools for the specific problem. this is not the same problem is 2007. this is a muc

carlos ghosn but also the other man.rently had said to some of the other board members, in particular mr. kelly, can you make sure i get paid more without having to change my contract? it was anppear understanding internally if not externally that playing around with contracts, rules and money was a perfectly acceptable form of behavior in the company. came out afterwards and there is no way outsiders would know that. is there a lot of rot? once you have those corrupt internal practices, it takes a lot of rooting out because there are people with a vested interest to maintain the status quo. column bloomberg opinion pointed out carlos ghosn went to jail but this second person gets shoved out the door. if you were a ceo being headhunted, why would you take the job? , particularly if you don't have clear guidelines as to what you can do. personally we think the thing that needs to do is they have to completely realign the business, start collecting far more capital towards the electric products and they have drifted that w

he was the handpicked successor of carlos ghosn.r will replace him on a temporary basis. reportedly drop the valuation for its ipo below $20 billion. investors are pushing the company to delay the opening. wework plan to begin a roadshow to begin a roadshow for the ipo as early as today. bloomberg reported wework was able to cut its valuation below the $47 billion it was worth. the uk's largest morgan -- mortgage lender was hit by payment insurance claims, so it is making another provision. the insurance policies were sold using aggressive tactics. in some cases, companies were wrongly told they had have the insurance in order to get mortgages. that is your bloomberg business flash. david: it is time for the bottom line, where we look at three companies worth watching. today we are joined by emma chandra and sarah ponczek and brooke sutherland. first we look at at&t with emma chandra in london. 8% aftert up more than new york hedge fund elliott post a $3.8 billion state and a letter to the board outlining a plan for the company that

board of directors meeting monday to d discuss the manl successors to who took over after carlos gone ghosn was arrested. he has reportedly signaled his readiness to resign. the pressure has been mounting on him, with dismal performancne at the company. said he is ready to pass the baton. >> i have instructed them to make a prompt decision. haxie: a summit to move away from fossil fuel and into clean energy is set to kickoff and south afririca. brian: the financing the future summit gets underway tuesday in cape town, devoted to a global forlopment movement, investors to move funds out of the fossil fuel industrtry. there has been significant progress since its launch h eigt years agogo, helpeded by a growg number of repororts. due to theossess climate crisis. there is a investmtmt campaigner for an ngo who joins us live now from cape town. thank you so much for being with us. tell us a bit about where the fossil fuels to o investment development -- divestment movement is today. we had a goal to reach $10 trillion of development assets by 2020. this year, we can say we hahave reached $11 tr

it's yet another road block for the japanese car giant after its former boss, carlos ghosn, was arrestedis salary. the company faces slowing sales and falling profits. staying injapan, thousands are still without power after the most powerful typhoon in years hit tokyo. two people are reported dead, and dozens injured after 200mph winds buffeted the city. it couldn't have come at a worst time for the nation — it's set to host the rugby world cup in 10 days. amongst those caught up in the storm were three international rugby teams, who, like thousands of others, were left stranded at narita airport as typhoon faxai intensified. two years after more than 700,000 muslim rohingyas fled from a savage military operation, they remain stuck in overcrowded camps in bangladesh. a second attempt to start repatriating the refugees failed last month when none of the 3,500 rohingyas selected would agree to go, citing fears for their safety. the government of myanmar says it is committed to bringing them back. however, our correspondent jonathan head was able to find evidence that, far from welcoming t

just like how apologized and said the mistake the bonus scheme from the era of his former boss carlos ghosn. carmakers former chairman is awaiting trial on charges that he enriched himself the company money. he denies any wrongdoing. samsung is preparing to launch a long awaited folding smart phones the model was delayed in april after reports of the phoneses were breaking. down wil go on sale for about two thousand dollars in south korea on friday. by france germany and the u. k. forty and. louis v. two plans to hire a further fifteen hundred to stop because it o opens a new factory in western france. label is the biggest driver of revenue for the lvmh luxury fashion house. scene increasingly strong demand chinese shoppers. british airways pilots are planning to push ahead with the strike on monday and tuesday after the airline it rejected unions latest attempt to negotiate. managements of the proposals from the belt the union were cynical and too expensive. cabin crew and engineneers have already acceptd an offer of an eleven and a half percent pay rise over the next three years well pilo

it comes as nissan tries to rebuild following the arrest of former chairman carlos ghosn on financials is in tokyo. things don't seem to be going so well for nissan. no. nissan has seen its problems continue over the last few months. it's business seen a nosedive the second—quarter profits for nissan fell 94% year—on—year. that shows that they are really suffering in markets around the world particularly north america and europe. on top of that we have these admission by the ceo that he received around 440 , 000 admission by the ceo that he received around 440,000 us dollars in bonus payments, stock option payments, that he shouldn't have got. he admitted this on a doorstep with a japanese journalist this morning. he is underfire from many different directions. firstly because of the fall in profits but also because he was very closely related for many years to the former chairman. and if the chairman has committed financial misconduct there are suggestions that he may have been involved as well. suggestions he may have been involved at exactly the same issues that the chairman is fac

following the arrest of carlos ghosn and the gaining. keys his predecessor of causing trouble the company. i missed out. on another's neck hello venus nestle tool my tenure. suffered the consequences of scandal with. i should have addressed all those issues before passing over the torch to the next generation. i regret that t i have not been able to do so. he doesn't dismiss. mrs like ours successor will be names by the end of october thank you for which the u. kerr way without assistance from. tie the mediawatch chains cretan is with us starting with. johnson the uk prime minister and his visit to dublin to speak with his irish counterpart the teacher yes so i've- got lots on the sun. mark but we'll start with some of the optics people feeling as they often. do with that boris johnson that that this is the style is not necessary procrit too. the function hi this is doctor jennifer casting she's large a politics professor at oxford university. if there's one thing i want to get across to you leo and this was a an extra from one of the- a

out with a report on the findings of a carlos ghosn probe which may well be given to the board today.hat, let's talk about a major schizophrenia drug in japan that the not meet its primary endpoint. this company is unchanged. it cut its four-year outlook. japan airlines on the way up despite the typhoon hitting. the canceled 40 flights. softbank on the way down as we have questions around we work's valuation. david: at least 90 flights so far. the path of that typhoon here. it's hitting tokyo. the other one is headed for korea. this is juliet, headed toward singapore. we are joined later in the program. check that out. it tries to extrapolate. lots more coming up. this is bloomberg. ♪ we call it the mother standard of care. it's something we take personally, and believe in passionately. it's the idea that if our mothers were diagnosed with cancer, how would we want them to be treated? that's exactly how we care for you. with answers and actions. to hear your concerns, quiet your fears, lift your spirits. with teams of cancer experts and specialists, delivering advanced treatment optio

arnaud deboeuf, the most senior alliance executive after carlos ghosn before he left, said he was forced executive, according to the financial times. hong kong's embattled leader, carrie lam, has said that she has never offered to resign. her comments come a day after an audio recording emerged of her saying she would quit if she had "a choice". stephen mcdonelljoins us from hong kong with an update. this is embarrassing, to say the least? absolutely we are here at yet another pro—democracy rally in hong kong, all very peaceful at the moment. people have been paying attention to the remarks from the hong kong leader, carrie lam. it follows the leaking of a recording ofa follows the leaking of a recording of a little speech she gave to a small group of business leaders. reuters got hold of this recording and in it it says that she blames herself for creating what she described as unforgivable havoc in hong kong, bite her administration's bungling of that response to the proposal which would have allowed people to be sent to mainland chinese courts controlled by the communist party. in tha

the sec says the automaker granted ghosn authority over pay decisions and was able to set.nsation for himself. set compensation for himself. -- that is your bloomberg business flash. alix: thank you so much. after ab inbev, we are going to watch peloton's ipo later this week. btig's julian emanuel is still with me. what is your big take away? julian: the take away is actually the market is acting rationally. and 2000.t 1999 there have been some winners, spectacular winners, and there have been some losers. that the message is move toward private investment over the last seven and nine years is showing you there's perhaps some froth within that, i know we are getting to the price to for every point. there are going to be losses, but it is an efficient market working efficiently. alix: if you go inside to bloomberg, this is quarterly volume for ipo's being announced. how is what you just said translating into the private and ipo market. les ipo's, or they come to a fullbefore they have valuation? julian: you've got a lot of unicorns out there still who are certainly hoping to

. ♪ less than a year after the ghosn, -- to step down. how big of a setback is this?is scandal, you had questions raised about him and how long he would be able to stay at the top of the company. down all the reforms they had been planning to make at the company and implement changes, including the partnership with renault and mitsubishi motors, getting that straight, and possibly forming other alliances, which is the big issue in the car industry in general, boosting up the capacity by forming these alliances that are necessary to compete in today's world. ♪ today,es of at&t higher this after elliott management got a new $3.2 billion position in the company. the plan is to boost the stock by 50% by divesting assets and crosscutting. it's a multipart plan and we have an outline -- part of it is to explore divesting with directv, some of the landline businesses that aren't helping them out, running a more efficient operation by making some of those big m&a purchases. they recommend some candidates for the board but overall there is the idea that this stock is undervalu

. >> less than a year after the , nissan islos ghosn losing another leader.king the ceo to step down after a scandal about his pay. how big of a setback is this? >> this is really big. from the beginning of this scandal, you had questions raised about him and how long he would be able to stay at the top of the company. they are now in a process where they have to select new leadership. that slows down all the reforms they had been planning to make at the company and implement changes, including the partnership with renault and mitsubishi motors, getting that straight, and possibly forming other alliances, which is the big issue in the car industry in general, boosting up the capacity by forming these alliances that are necessary to compete in today's automotive world. vonnie shares of at&t higher : today, this after elliott management got a new $3.2 billion position in the company. they outlined a plan that includes devasting asset including by directv. >> the plan is to boost the stock by 50% by divesting assets and crosscutting. there is really a multi-part

it was destabilized following the arrest of carlos ghosn.ies have been arguing for greater in the relationship with renault wanting nissan support and nissan calling for more equal voting rights. shery: global electric car sales battery charge after falling for the first time ever in july as china scaled back subsidies. monthly sales fell 14% to one under 28,000. -- 128,000. china is the biggest producer and customer base for ev's. the government scaled-back funding support in june to push carmakers to innovate. paul: the founder of fashion chain says he would prefer his successor at ceo be a woman. he says the role is better suited for a female executive because women are persevering, pay attention to detail and have better sense of aesthetics. he is frequently asked about the future. he built the company into a global brand. shery: south korea has stopped saying -- to japanese beer. imports fell amid a backlash among japanese products in relation between seoul in tokyo. the largest intake since 2010 with sale surging by sixfold last year t

beneficiaries include one of the key whistleblowers in the downfall of former chairman carlos ghosn. says landline communication has been restored in jammu and kashmir after being cut last month in a security crackdown in the disputed region. the suspension almost completely isolated the area. cell phone and internet services remain cut off. local media say there are no longer restrictions on daytime travel, but police and army checkpoints remain in place. global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. right. we seem to be headed towards a risk on session. for more on markets this morning, let's turn to sophie. sophie: i want to check in on the aussie dollar trading near a one month high, so we are seeing cautious bullishness for the currency. it has rallied this week on our ba holding steady on rates and gdp data, meeting estimates. broadly, the data has been looking positive out of australia this morning. we got the construction index for august rising

. >> less than a year after the fall of carlos ghosn, losing another leader.e asking the ceo to step down following a scandal about his pay. how big of a setback is this? >> this is really big. from the beginning of the break of this scandal, you had questions raised about how long he would be able to stay at the top of the company. they are now in a process where they have to select a new leadership. that slows down all the forms -- the reforms that they had been planning to make at company and implementing changes, including their partnership with renault and mitsubishi motors and possibly forming other alliances, which is the big issue in the car industry in general, boosting up the capacity by forming these alliances that are necessary to compete in today's automotive world. >> shares of at&t higher today. this, after elliott management disclosed a new $3.2 billion plan divesting assets including satellite-tv provider directv. >> the plan is to boost stock by 50%, quite a bit to boost it by, but they suggest doing it by divesting. there's really a multipar

over the company's failure to report more than $140 million in compensation that was to be paid to ghosnria bartiromo has been all over this story from the beginning. she'll have full coverage coming up on "mornings with maria." take a look at futures right now, trade optimism, we'll take it for today. we'll see where things go. after mr. mnuchin says that in a couple weeks there will be trade talks underway, markets are liking that, dow up 78, nasdaq up 9, s&p up 29. as the talks are set to continue with the chinese, could farmers and consumers finally get tariff relief? we'll talk about it. not a lot of happiness at the happiest place on earth. you're not going to believe what a new report says is happening at disney world. you're watching "fbn: a.m." ♪ hey soul sister, ain't that mr. mr. on the radio, stereo, the way you move ain't fair you know. ♪ hey, soul sister, i don't want to miss -- where an american icon uses the latest hr tools to stay true to the family recipe. where a music studio spends less time on hr and payroll, and more time crafting that perfect sound. where the natio

learned another senior vice president, was a key figure in the downfall of former chairman carlos ghosnhey are not seeking the ceos resignation over the issue. starbucks says it is still opening two new stores every day in china in a bid to stay ahead of growing competition. fastest they posted the quarterly sales growth in three years. they see china as its biggest opportunity, saying there is no limit to the expansion on the mainland. >> candidly, china is a huge platform. we can build a new stores and grow for the rest of my lifetime in china. it is that big of an opportunity. >> hurricane and barreling towards north carolina where it may briefly make landfall there coastal areas are forecast to get 6-12 inches of rain and storm surge as high as seven feet. dorian has already battered the bahamas with 92 mile-per-hour winds and killed 30 people. said bob ways former president robert mugabe had died -- has died. they say is with the utmost status -- sadness they announce the nation's founding father. he was a controversial figure accused of economic mismanagement and human rights abus

he says all this happened under a scheme designed by the ousted chairman carlos ghosn. month to consider disciplinary action. shares of slack, they are down big right now off 13% following its first quarterly report as a public company those results topping estimates. but slack is forecasting a bigger than expected loss and slowing revenue growth in the current quarter. that is what sent the stock falling. by the way, don't miss the ceo on t on "squawk box" at 8:00 a.m. eastern time mary barra set to meet with president trump at the white house today. white house officials say a variety of issues are on the trade including trade, contract talks and revising fuel efficiency standards a couple of analyst notes, calls to note this morning comcast, you heard of them, upgraded to outperform from perform at oppenheim with a $50 price target among the catalysts, they point to the broadband strength, secular improvements in cable and comcast is our parent company. lyft initiated with deutsche bank as a buy rating and get this, a $70 price target the analyst thinks the stock may

ghosn was arrested in tokyo last november. he faces charges of financial misconduct. confirming more than 400 million users' phone numbers exposed online. the information was stored in an online server that was not password-protected. facebook is investigating, saying there is no evidence any accounts were actually compromised. and no real big surprise here, harvard is still the nation's top university, that according to a new ranking by the wall street journal and times higher education. the study says harvard adds value to its student's financial futures and opens doors because of name recognition. mit came in second, followed by yale. that's where the kids should go, i guess, if they can get in and we can afford it. maria: thank you so much, lauren. everybody wants that list. thank you. coming up, made in america, we sit down with the man behind the disneyland of dairy stores, why he says products made here are so important. that's next. back in a minute. what a time to be alive. the world is customized to you. built for you. so why isn't it all about you, when it

include the senior vp, who is one of the key whistleblowers in the downfall of former chairman carlos ghosnal news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. paul: thanks. we are half an hour away from the open in tokyo, sydney, and seoul. let's get over to sophie kamaruddin in hong kong for what we should be watching. sophie: in the face of rising bond yields, i am keeping an eye on the companies lining up to tap the bond market. if dollar bond sales for september are set for the best start for the month ever with over $5 billion of bonds priced so far this week with investment grade issuers in full position. this after the slowdown we saw anaugust when orders fell to 11 month low. the scene may be set for yield chasers who have been less flush with cash. just receding a touch from that level. says do not be surprised to see better rated names treating debt markets like a buffet. shery: a catholic a call on thursday. -- a wake-up call on thursday. on trading is a two

it's very clear in their eyes that ghosn and kelly were working together to indisclose or keep hiddenllion in compensation, compensation at the time as well as compensation that would come during retirement. >> that's big news a longstanding story we've been following. thanks for your help back to roger and your discussion about negative rates. so what trades that have happened in light of this trend make sense is it gold going past 1,500 or are you buying gold at home? what are you doing >> well, if i was a good investment strategist we could have this conversation from my very big yacht and since i'm not and i don't have a yacht, i mean i personally think it's a basis for defensiveness, substantial defensiveness from an investing point of view. i can't see any scenario where the spread of negative yields, at least having gotten this wide, is a positive. i mean, i've heard a few people say that sometimes yields are at their lowest point just before the slowdown ends. that's pretty far fetched in this case. i just see it as an unmitigated negative. >> the president actually has been o

we speak with the wife of carlos ghosn. was taken last time they saw each other, carlos awaits trial in japan that was in april. she hasn't seen him since. looking forward to an update from her on the charges and what she knows about her husband. >>> shares of carnival sinking, cutting guidance on weather and cuba policy. we speak with the ceo about his outlook and the stock's 8% decline. if that wasn't enough, micron earnings after the bell, see whether china trade tensions have impact, after the president mentioned micron in a high profile u.n. speech. >> and speaking to micron tomorrow, we have the ceo on "squawk on the street" at 9:00 a.m had a crazy good week on "closing bell. >>> we are awaiting pell ton's first trade. we'll take you to the nasdaq when that happens. dow is back, down 40 sanjay mehrotra. who's dog is this? it's my special friend, antonio. his luxurious fur calms my nerves when i'm worried about moving into our new apartment. why don't we just ask geico for help with renters insurance? i didn't know gei

. >> between the gm strike news, ghosn and his settlement yesterday, today, the ceo of vw is indictedon diseaesel-ga. >> the biggest auto company in the world. that was dramatic and underreported on there has been so much shenanigans in the european and japanese companies, meanwhile, i thought they had a deal with japan. >> looks like complicated by a lack of guarantees on auto tariffs. >> that's negative the president is counting on that to be able to say, listen, stop focusing on -- there is other things going on. president needs a win here. >> opening belg. ubs global, celebrating climate week down here at the nasdaq, mgm biopharma -- how do you say it, bye fa biopharmaceuticals pharma is hard. >> there is a lot of pharma companies that have been really the place to be. if it is oncology. almost all the oncology companies have been on fire here overtime workers. >> i saw that. >> new overtime rules. >> the journal today doing a take on where things stand right now. and how they're trying to beat back any efforts in the current congress to initiate price -- i don't -- price controls

is derek are delighted to be joined by ghosn armand to bali.d this humiliating? is there a chance extra sanctions will push them over the brink? golnar: because the question is, what is there left to sanction? trump tweeted he would substantially increase sanctions , and the sanction campaign by the united states, this maximum pressure strategy is not working the way the u.s. administration hoped. we have seen further instability in the persian gulf region and we have seen attacks on tankers, seizures,t oil vessel whether it is britain or iran. these sanctions will probably be symbolic. we know that for now, so far, they have not changed anything in the calculus of the iranian state system at all. i don't think the iranians will be too worried about what the sanctions will include. francine: from where you sit, do we have any inclination of what the sanctions could look like? derek: it is a little bit too early to say. the point made about what is left to sanction is important. rouhani might not be at the u.n. because the u.s. might not give hi

ghosn understands that t gene understands that theition mft u.s.artment of labor is to protect the valuable resource the american workforce. he also recognizes that because of the needs and composition of the american workforce and how it's constantly changing, the department must always be forward looking, responsive and nimble. gene is one of the nation's leading experts on labor and employment laws and the issues at the forefront of a rapidly evolving workplace and workforce. he understands what it takes to protect workers and the importance of strong, relevant job training programs to empower workers with the skills that they need to succeed in an increasingly competitive workplace. so we want to thank -- i want to thank the committee for allowing me this time to introduce the president's nominee to be the next united states secretary of labor eugene scalia. thank you. >> thank you, secretary chao. we know that you have a busy schedule. so when that schedule requires you to leave you are excused, but we appreciate your coming. it's good to have

the sec is suing former nissan chief carlos ghosn about undisclosed compensation.he stock. it is up one cent. >>> we knew this already, but it is fun to talk about. a lot of college graduates move straight back in with mom and dad. i want to know why. kristina partsinevelos joins us. you asked that question on campus. reporter: i asked that question on campus. this is the second installment of ask kristina on campus. audience can decide when they watch the video. surveys highlight rising level of student debt, $1.6 trillion. there was another survey from northwestern mutual, the average level personal debt is $28,000 due to credit cards. millenials want to maintain the experience. we're all about experiences. another recent survey came from ugov. they interviewed more than 1200 adults, millenials the lonliest generation. 30% say they were often or always lonely, compared to baby boomers at 15%. younger generation-x, 20%. i went to columbia university here in new york university and asking millenials what makes you stay at home longer and do you feel it is justify t

france held talks on boosting the partnership, which was destabilized following the arrest of carlos ghosnnies have been arguing for greater sway in the relationship, with renault wanting nissan's support for a merger with fiat and nissan calling for more equal voting rights. selena for what to watch. >> stocks are set for a cautious, mixed open. the nikkei and sydney futures showing a lower open. markets are watching for the twists and turns of the trade war. i want to take a look at australia gdp, which has had 28 years of uninterrupted growth. we are expecting gdp numbers in just a few hours. anything below 1.4% would be the slowest pace of growth in 20 years. ♪ paul: good morning. i am paul allen in sydney. asia's major selina: i am selina wang. in beijing. welcome to "daybreak: asia" paul: our top story this as boris, brexit moves johnson loses control of the parliamentary process. he warns it could rack any parliament terry d.l.. deal. promissory he says that handsy initiative to brussels. shery: and warning china to brace for a long struggle, president trump says any trade deal will