dollars loan to hanjin shipping.circling -- vultures circling potentially over assets up for grabs. we watch that stock, because it has been trading higher today, up 21% after falling 15% yesterday. coming up next, the business of high-fashion. we need to be top designer who has dressed the elite in china and abroad. this is bloomberg. ♪ haidi: welcome back. you are watching "daybreak asia." despite the slowdown in china, the appetite for high-end fashion continues to grow, and many,t guest has dressed including the wife of premier keqianho shine -- li g and helen mirren. when you are addressing these elite people, what are their priorities? >> for me, there is no difference between the first ladies or a regular woman. for me, the most important thing is to bring out the beauty within them, to make them elegant, to make them look comfortable and beautiful, to look their best. of whoever principle i am making a design for. designingn you are and putting forward this brand, is it top of mind that you want to reflect --

the ministries estimate hanjin immediately needs about 100 billion yuan but hanjin actually needs more like 600 billion yuan which is more than $540 million u.s. it's quite a lot more. now, separately we can report that hanjin group will provide about a hundred billion yuan in aid and that includes 40 billion from the chairman according to a hanjin statement. the financial regulator, which is the supervisory committee said yesterday hanjin group the parent company should take more responsibility for the chaos, his words, caused to the shipping industry and take more actions. this could be an example of hanjin group trying to take more responsibility and help out at least financially. hanjin shipping also can apply for asset orders in 43 countries designed to protect isself from creditors. obviously quite a lot loaded on to these vessels as they are heading for various ports for thanksgiving, christmas, and all loaded on them. >> we are talking about how bad the timing is as we head into the holiday season. there is a helping hand potentially but also this situation where some ships are

haidi: but hanjin is getting assistance from korean airlines. >> it is part of the group which owns hanjines will provide $54 million to hanjin shipping. it is also the biggest shareholder, and this money will help to get cargo off ships. all these efforts to get cargo off ships and stop problems with the supply chain around the world. korean airlines will only do shipping putsjin up its stake in the port of long beach as collateral. funds are part of more than $91 million that its parent hanjin group said it would put up. the other mommy comes from a group -- money comes room a group that had asked the south korean government to provide $91 million in lows. what is moving the shares today? news that they are offering $360 million of cheap loans. haidi: all hands on deck, if you will. the bond markets complacence the -- complacency over stimulus was shaken friday. take a look at what the u.s. 30 year has been doing, the biggest two-day selloff in more than a year. that is the highest yield since june. is the global bond rally over? let's start with the u.s. we finally managed to catch the

hanjin was not unexpected. were on hanjin theseed time, and for -- guys were on borrowed time, and for hanjin, the broad time came to an end. rishaad: we have to see some container freight rates move up over the next 18 months. if there is oversupply and limited demand, what makes you think that? >> ok. there are two aspects. because of the hanjin bankruptcy, we will see a shock to the system. there were be a short-term spike in the rates. we are in the midst of the peak season, so there will be some discussion. this is coming off a low base. we see some kind of recovery over the next few years, but like i said, these are coming off a low base. they will still be lossmaking. one company inre your view better placed than others? i think it is difficult to say. if you look at the biggest of the carriers, even they are going through restructuring. the underlying businesses are stress.ress or it -- at this point in time, it is difficult to pinpoint which companies will come out stronger. is the demand drivers have

how will this help hanjin?d by the biggest shareholder korean air and the chairman of hanjin group and the former chairman of hanjin shipping is not enough, then the credit will be used. this will help bringing vessel stranded at port in various parts of the world to unload cargo. that is the biggest issue right now. the longer those ships that hanjin doesn't own are within the fleet, it means more costs. it is the last thing they want at the moment. haidi: is this an indication that creditors are largely supporting the company? kdb said this is not to support hanjin, but the money is to be used to unload the cargo. they said this is the last they will hanjin give to. they made itnjin clear that it will not be working capital for hanjin shipping. thank you for the latest bankruptcy.in with corporate bond defaults in china rising, credit default swaps have been approved for the first time. how much demand is there if they're going to default anyway? >> there is demand because it spreads the risk. it is not neces

it shows 79 of hanjin's ships, including 61 container ships.hese are located. the clusters, when you zoom in on them, they separate out so you can get more detail. exactly where these vessels are sitting. erik: there are about 30,000 functions on the bloomberg. of course, we always enjoy showing you our favorites here on bloomberg television. maybe they will become your favorites. here is one function you will find useful. quic . it takes you to quicktakes, where you can get important context in timely topics. vonnie: immigration in the u.s. is broken. in a politically divided capital where democrats and republicans agree on little, they do agree on this issue. the question is what to be done about it? here's the situation. about 11 million people live illegally in the united states after crossing the border or remaining in the country after their visa has expired. in june, the u.s. supreme court was divided over president barack obama's executive order, that would have shielded as many as 4 million unauthorized immigrants from deportation.

hanjin steering ships to stop them from being seized.have the latest on the high seas drama. ♪ hanjin shipping shares on a flyer today. it could seek help from the south korean government and its parent company. shipso we know apart from stationary as they await instruction? >> we are seeing the news is reporting that the south korean government and the ruling party have agreed to offer over 100 billion yuan. hope to hanjin shipping but that comes in the form of an emergency loan, low interest loan. thatis on the condition they provide collateral. asian business daily reports they are in talks with its main creditor in terms of providing financial aid and collateral to logistics. group said they should take responsibility for the chaos caused to the shipping industry. hanjin shipping would apply for staying orders protect vessels are being seized by creditors. 10 countries will it .pplications this week >> some poets not accepting hanjin ships anymore. of shipsare dozens around the world. 7000 bishops including 61 containers -- >>[speaki

hanjin is the world's 7th largest shipper of ocean containers.erday the company declared bankruptcy. today ktvu's tom vacar went out to the port of oakland to show us the ripple effect being felt here in the bay area. >> reporter: the ships bringing cargo to the port of oakland and others on the west coast are filled with containers full of upcoming holiday season gifts. but the sudden bankruptcy of hanjin, the world's seventh largest ship hear interrupted the orderly process of getting those gifts to store shelves. though oakland has no hanjin ships in port today it has hundreds of containers. >> it's in bankruptcy. you are not going to get paid. for that particular importer that relies on that box the smaller ones are going to be hurt. >> reporter: several hanjin ships are at anchor off the mega ports of los angeles and long beach because port terminals, including hanjin's own terminal, refuse to handle them. >> even their own sister company, the terminal, not accepting hanjin ships shipments. >> reporter: that's true in oakland, too. >> we've

how exactly does this funding help hanjin?well, it will help because that money will be used to help unload cargo from ships that are stranded in various parts of the world right now. facesggest problem hanjin is that a lot of cargo is not able to unload because they don't have the money to pay the port operators. so this will help hanjin speed up some of the cargo that is stock imports around the world. this going to resolve the company's troubles that? -- troubles though? help the would just immediate problem of cargo unloading. the court told us earlier this week that those vessels that are stranded, most of them are actually chartered vessels, and to court had urged hanjin return those vessels. as long as those vessels are within the operating area, it is costing them $2 million per day if those vessels are not return, so it will help to extinguish the immediate fire that they are facing, but whether we talk about the survival of the company, that is another matter. that's right. huge challenges ahead for hanjin despite to

. >> now hanjin shipping shares are having a rough time.ny of course the biggest container line in south korea. it has disrupted the consumer supply chain there, all ahead of the busy shopping -- the busy christmas shopping period. what is the outcome of this? >> we have had a lot of ships being stranded at sea, because the port is not allowing them to come in, or some of the vessels have actually been stranded at the port itself, because the vendors are demanding money. >> what is the government doing to help these disruptions? >> the government today announced that they are going to provide some sort of funding support to some of the vendors here in south korea, and also extend some of the maturity on some of their debt to provide some sort of ease in the financial restrictions. the company itself has also started to apply for court protection on its assets. outside of south korea. so hopefully, when these come into effect, some of these vessels will be allowed into the port to unload. >> hanjin shipping is jumping on news of assistance f

what are the details behind this for hanjin? granted.s. judge has temporary protection for hanjin.s would allow hanjin ships to dock in u.s. ports and not have creditor sees the contents of the ships. it is a emperor order. -- it is a temporary order. it is now making gains. we are looking at some of the risks to hanjin and its competitors in the area as well. is working on its finances. its rivals look to benefit, right? ofthe cost to protect some its rivals against nonpayment has fallen. if you look at some other credites, their default swap has fallen to levels not seen since the end of last year. , bloomberg chart we have here the credit default swaps, the blue line, falling. it looks at how much it cost to move materials around the world. the rates are increasing, while the cost of nonpayment, the risk of nonpayment, are falling. a boost to some of the japanese shippers. they are not immune to the downturn in the global shipping industry. , herding to mitsubishi u.s says japanese shippers are sensitive to freight charges. however, he also sees it is probably short-term relief.

hanjin is the world's 7th largest shipping company. failure has port workers refusing to still unload most of the hanjin ships. some of them have been done. most due to fears they won't get paid. let's bring in a man whose business relies on shipping and smooth sailing in the global supply chain, tanger ceo, steve tanger. this is disconcerting. what are you watching with the hanjin bankruptcy? >> first, hi, liz, thank you for having me back. we deal with the most sophisticated designers in the world. i'm sure they have contingent plans and work with many different distributors and sources of supply. this is not the first time it's happened. a year or two ago there was a major dock strike. liz: we remember. >> there is always something but we deal with really sophisticated people and i'm sure that product will be on the shelves in time for christmas. liz: you don't sound worried about hanjin at all? >> i am not worried. liz: that's the headline but also too, what is going on with the u.s. consumer who has gotten a lot smarter since the

. >> well, for nearly two weeks dozens of cargo ships belonging to hanjin shipping have been stuck at after the south korean company filed for bankruptcy. a judge has cleared the way for some of those ships to unload. here's mireya villarreal. >> reporter: docking at the port of long beach, california, the hanjin greece is finally starting to unload millions of dollars in merchandise. ships were left stranded after the company couldn't cover its fuel bills or guarantee it could pay its employees. patrick kelly represents impacted workers. >> there's another ship that's out on the sea. we don't know what is happening with that. we don't know what the conditions are of those workers on those ships. >> reporter: hanjin handles about 8% of the world's transpacific shipping. at its worst the south korean-based company had dozens of cargo ships floating at sea filled with $14 billion in product from companies like samsung, niek and forever 121. on friday a u.s. bankruptcy judge allowed four ships to dock. so far only one has. a senior director for the retail industry leader association says

industry leader association says the hanjin delay could impact one of the biggest shopping days of the year. it's september and this really affect the holiday season? >> there are long supply chains and this is the beginning of peak season. and this is when a lot of the shipping is happening. so this does have the potential effect on the holiday shopping season, certainly black friday. but hopefully we won't get to a point where that becomes a certain. officials are expecting a two to three month delay in some cases but reena, they are enlisting the help of other shipping companies and deploying up to 20 replacement vessels to minimize these delays. >> ninan: mireya thanks, coming up, 9/11 tribute in the nfl in this the first football at safelite, we know how busy life can be. these kids were headed to their first dance recital... ...when their windshield got cracked... ...but they couldn't miss the show. so dad went to the new safelite-dot-com. ore the girls even took the stage. safelite-dot-com is the fast, easy way to schedule service anywhere in america! so you don't have to miss a

in fact, hanjin's largest terminal is actually behind me.ke a look, we'll zoom in, and you see where the red cranes are. not a single ship in sight, no activity going on whatsoever here, and that is where hanjin's ships would normally be docking and unloading the cargo there. so we're keeping a close eye on this. congressman janice hahn is the co-chair of the bipartisan ports caucus. she's asked both the commerce secretary and the president to get involved, and here's what he told us. >> we've never seen a shipping company this large go into bankruptcy. so we're talking a domino effect of the hanjin ships and containers and merchandise and shippers worldwide that are going to feel the impact of them going bankrupt. so it is a huge global crisis and and probably haven't seen the last of these shipping giants going bankrupt. >> well, now, cheryl, one reason this is all happening, if you take a look at the baltic dry index, it's widely followed in the shipping industry, basically shows how much shippers are being paid to transport commodities,

in order for the on the parter of the cargo inside this hanjin box to actually get it out of the portke this hanjin box back, or the trailer that's underneath it because it can't be removed, that costs the owner of the cargo another $365 a day for god knows how many days. that is a back breaker financially. >> that means that i'm not going to have any profit. >> this cargo on the sea world wide, customers are waiting for those containers to arrive in port. we're nearing the peak season. the holiday season is on the way. store shelves need merchandise. factories need components to keep assembly lines going. >> reporter: and you will end up paying for it in higher prices. tom vacar, ktvu fox 2 news. >>> her attorney calls her a free woman in more ways than one. tonight the woman known as celeste guap is out of jail and heading home to the bay area after an odd turn in a high- profile police sex scandal saw her sent to florida for drug rehab. >> we are happy to say that celeste guap is dead. >> her real name, jasmine abuslin, and her attorney says she has been a sex trafficking victim si

the ships cannot dock because hanjin is unable to this morning - the paralympic committee is making final preparations for the paralympic games in rio. the symbol of the games was unveiled at copacabana beach this weekend. the sculpture is made of recycled plastic - reflecting the theme of protecting the environment which has been prevalent at this year's summer games. the paralympic games start wednesday. a deadly shooting overnight - sends an s-u-v into an apartment..and police looking for answers.the latest on a violent labor day weekend in the valley...in five minutes... this morning - over a tee shirt sold at target...its got a lot of people talking ... including us. more 12 today get ready... because the monsoon may kick back into gear.a tropical storm could drench us later this week. trying to crack the codes.this morning... the secrets behind those letters your kids are texting back kids are texting back kids are texting back and forth. one and oh.could the sun devils make the college football playoff?this morning a look at the a-s- unlike anything we've shown you before. and no h

>> to put it simply, it is not working out for hanjin.go owners and companies that vessels arein complaining that they are making it difficult at the docks. there is a lack of information and protocol to unload ships. isy also say that hanjin asking to be paid in cash for the release of goods or even to be paid twice. one cargo was dropped at a port that had not been agreed upon, and to retrieve it would cost more than the goods themselves. a lot of problems, headaches, uncertainty as the christmas shopping season is fast approaching. were talk about billions of dollars of merchandise stock, unable to get to retailers. , theill pay for the fuel equipment, and services used by hanjin vessels? maritime law says they have the right to arrest ships, ensuring payment. day ifing to be as sad there are no presents for christmas. rishaad: that's the thing, isn't it? brewing inroblems singapore shipping as well related to debt. >> that's right. is a persistent problem. shipping companies in singapore facing a record $1.8 billion in bond maturities

hanjin has thousands of containers at the port. truck drivers say they won't get paid for transporting that so they're refusing to take any of it away. a similar scene is playing out at ports in los angeles and long beach. cargo could be stranded as the company tries to secure funding to pay port fees. >> we've received written warning notices from various terminal operators that they will not be touching basically hanjin containers until all charges are paid in full. >> hanjin is the world's seventh largest shipping line and accounts to 3% of the world's shipping trade. >> san jose's moneta international airport welcomed its first nonstop flight from china today. the airbus arrived at 0e 40 this morning from shanghai. there was a lain dance on hand as part of the welcoming committee. the air china will be providing nonstop flights on tuesdays, thursdays, and saturdays. san jose international airport has added a total of five nonstop international destinations this year. >>> coming up, donald trump facing criticism following his vi

the hanjin greece came through the bay yesterday with 450 containers on board. the port is releasing hanjin containers to customers if payment is received in advance. a second ship is due to arrive sometime on friday. >>> a palo alto churchwell comedy a stranger and the man completely betrays its trust. kpix 5's andria borba on what he reportedly stole and how cops are hoping to catch him. >> reporter: it was a packed house at cornerstone community church in palo alto on sunday. not a spare seat in the pews. the topic of the september 11th sermon, genesis. >> how god is good all the time. [ non-english language ] >> reporter: in the middle of joseph parks' sermon he saw someone he never saw before. >> there was a gentleman who lingered. he stayed after the service and, um, we thought he was a newcomer. >> reporter: after services, park spoke with the man briefly and then began chatting with another family. that's when he noticed the collection basket was gone from under the pulpit. >> it was a split second. >> reporter: park says the collection on sunday was nea

this will be a temporary relief for hanjin, because they have been incurring so much cost from theseave not been returned. it will help them briefly from compiling more debt than they need now. but it will only be temporary. the fundamental issue will be what the court decides and what sort of revival plan hanjin management comes up with. we will only know when they submit that. on >> transport giant moeller-maersk is splitting into two. it will split its shipping and energy operations into two separate companies. the world's biggest container shipping company has been suffering due to low freight suffering due to low freight rates and a 60% drop in crude oil over the last couple of years. how much value does this unlock? >> probably, let's say 10%. a 1000 at 1500 per share. francine: how do you analyze the two companies? do you look more at macro environments to suggest the health of the company going forward? or is this an individual company story? >> it is a macro story going forward, of course, and an individual story going to the energy side. fundamentally, it's about the contai

the hanjin boston is birthing at the port of los angeles, the second ship to do so state side since hanjinuptcy two weeks ago. there are more than 90 vessels holding $14 billion worth of cargo, stuck at sea. the chairman and former chairwoman of the hanjin group, which owns hanjin shipping, are personally putting up a combined $45 million toward getting those goods off loaded. hanjin estimates this will take about $155 million overall, but there is another issue here. they're not getting reloaded. so that means exports that are packed in hanjin containers have been refused entry at many terminals or just sitting on docks in some cases, for example, berkshire hathaway's bnsf railway telling me it is working with customers to reroute containers to other ocean carriers, storage facilities, in some cases even sending that cargo back to its original location. that's especially bad for american farmers. the usda says some products like citrus have historically been reliant on hanjin, fresh fruits and meats also expected to be impacted by this. and that it is, quote, almost certain this will take

the problem was caused by hanjin's filing for bankruptcy. now the parent company says it will pay to unload cargo from the stranded ships. some ports and terminals have not had access to the ships and refused to move the company's cargo because of concerns that they won't get paid. the port of oakland is unloading hanjin ships and will deliver those loaded containers to customers. but it's refusing to load containers of u.s. exports on outbound hanjin vessels unless they are paid in advance. >>> uber may be testing self- driving cars in the bay area. the story wasn't too far off that mark. the uber car tricked out with gadgets that you may have seen around san francisco is actually collecting data for maps. uber is working with the company auto to make self driving drugs. they bought the company last month. auto's ceo was once part of google's self-driving initiative. >>> a bay area artist is trying to spice up your commute installing swings in bart cars. passengers taking full advantage. franks is trying to bring back other childhood favori

alone afterroved and -- hanjin handed over a state. -- lendedh -- len and did hanjin ships.ke of this? it is been money-losing. notlong terms, it is just sustainable. -- aad: >> it is a huge nuclear bomb. it shakes up the supply channel. you're talking about $120 billion worth of goods on the ships that are stuck. ports andiveries to two people at walmart. there is a material impact to the supply chain. people are suffering from the consequences of this major shakeup. it has never happened in the past. rishaad: surely it is happening the past. >> not on the scale. it's just huge. you're talking about one of the largest shipping lines in the world, that is moving millions of oxus. rishaad: it affects you as well. you chartered three ships to them, haven't you? >> yes, we have three ships on long-term lease to them. we are having a hard time wheeling with them. what i'm trying to get is the impact of the manufacturers and supplies, the receivers, people like walmart, people like activities -- rishaad: and you're not the only one who chartered ships. are you going to get these

and in some cases hanjin isn't pulling into port thinking their cargo will get siezed. a bankruptcy court is expected to grant the company protection as early as tuesday--- but some would like the secretary of commerce to intervene. ((we want to make sure that american workers and american consumers and the owners of the goods are not ((everyone is working together to mitigate what potentially could happen. believe me that the business and the labor is lost up on the issue of moving the cargo.)) ((sharie johnson)) >>> hinjin shipping company is a korean based company and is one of the largest shipping company's in the world. and according to the feds hinjin transports about eight percent of goods to the west coast from asia./// ((sharie johnson)) >>> meanwhile... divert a disaster overseas during a meeting with russia's president. he's working to revive a deal that would coordinate airstrikes against isis and al qaeda linked terrorists in syria. russia had pulled back from their initial agreement with the us. it would have ended the syrian regime's air attacks on civili

cosco has no interest in buying hanjin ships.ourt overseeing the company's bankruptcy protection says it prefers to sell the company as a whole entity. take a look at how hanjin shares are trading. we will try to get you an update on a stock price later. , the head of the national stock exchange says managing the needs of investors in different capabilities is a challenge. investigators are looking into claims that high-speed traders have an unfair advantage. they account for 40% of trading volume. india's global significance is rising. smallia is no longer a piece in the global market turnover. it is a significant piece. destination, but one of the problems was in the markets in the last year. indian markets continue to be a and ansource of interest attractive destination for institutional investors across the world. is hovering's debt around unprecedented levels, much of it from heavily leverage state owned enterprises. morgan stanley told bloomberg that speeding up reform of state owned enterprises is key to solving china's de

trying to the hanjin group pledging 1 billion won to help rescue cargo in the wake of the collapse ofhe world's seventh biggest container shipper. billions of dollars worth of auto parts come in the tronics, more waiting to be unloaded. robert gray finally bring us a closer look at the long beach california with the latest. >> the emergency funding beginning to make its way. in fact, one ship began offloading over the weekend in the busiest port. at least the pacific coast of you can see it is not allowed to leave u.s. spotters filing because there's some 750,000 bucks to creditors right now. the national retail federation said in the $14 billion worth of goods off the coast globally will not interrupt the holidays at this point. not like an empty shell even though they need more beginning to off load pretty quickly. continue to follow this. we should mention 38 billion bucks have seems to goods out there alone. everything from appliances to elect traffickers to bother pours. good news for the shippers that is the shipping rates firming up. this property for a container from shanghai

hanjin shipping is sinking again. 40 of its 97 ships at sea have now unloaded. said to be looking with a view to buy. hanjin has declined to comment, while sunday says it is considering all measures. it has created a boost for hyundai's shareholders. at one point during a today trade, they were up 12%. in's creditors have been stepping up to ease cargo disruption. another big move. almost -- jellico hasrst time chinalco.- the move to private -- the move to privatize chincalco. the project has seen revenue squeezed by oil prices and workers strikes. and reports from korea as state bresky's -- state prosecutors say it is concerned that emma's mother is going on. rankingis the highest executive to be questioned. in july, prosecutors arrested his sister for bribery and investment. she denies taking kickbacks from as well asmaker, stealing a most $4 million from a company owned by her son. still ahead, why cutting the price of the note seven , but notice customers -- but might not be an entirely winning plan for samsung. -- he yen this is bloomberg. ♪ haidi: the bank

thank you so much with the latest on hanjin.china is reiterating that it sees no justification for continuous yuan depreciation following talks between xi jinping and president obama. with where the one is heading right now -- the yuan is heading right now. >> there is a weakening bias towards the yuan. there were times when they set the fixing rate at three tens of 1% stronger, sometimes weaker. they were trying to keep it pretty much stable, and they did. against the u.s. dollar, it appreciated just .6% over the course of the month when there were indications of more selling pressures in the currency as money is trying to leave china. let's bring up this chart. we can clearly illustrate this. time theyany strengthened its fixing rate by more than .3%, the currency erase those gains on larger than average volumes. if you had a big fixing rate to the upside, the selling pressure came in and the traders sold the currency. intraday, it evaporated and volume spike. that's which are seeing, the spike in by them. conversely, when the

we see the hanjin shipping company's containers in the bay all the time. the company has been fighting a battle since the market crashed in 2008. and now some u.s. ports are turning the ships away. the port of oakland says it will still unload hanjin ships and release the imports to customers if they make a full payment in advance. >>> a san francisco man who once faced loads of debt is now deciding when he will take a cruise to the caribbean because he just won $750,000 in the scratchers game lotto. the jeweler bought his winning ticket at a convenience store in burlingame. he won on friday and he initially thought he won $750. now he plans to pay off his daughter's school loans. he is also taking his wife on a cruise. and then chabo might buy a new car. good for him. >>> the "blue cut fire" is fully contained but people who live nearby say that bigger problems are left behind. the fire burned more than 36,000 acres in the cajon pass. it destroyed more than 100 homes and now many families are left with nothing. some residents say they are forced to sleep

>>>hanjin is filing for bankruptcy. hanjin ships often port in docs. some international ports are not refusing entry to hanjin ships. we have a call into the port of oakland to see what if anything day decided to do and how this will affect think that the port. other shipping companies could see increased demand for space on their ships as the retailers are preparing for the very busy holiday season picture coming up next the actions being taken to make schools in the bayview more enticing for students.>> plus, former sanford swimmer sentence to six months behind bars will be set free tomorrow we will tell you about the protest that brock turner will face as he walked out of jail. >> good morning. we have several incidents now that are going to make the commute a little top. several different parts of the bay area. this is a highway look at 24. it is getting busier through the tunnel . >> pretty good fog bank out there. maybe drizzle. looks a little cool. i have numbers coming up. >>> very nice. i like it. fog that. slow right. hopefully your commute i

the judge allows hanjin ships to dock safely and that is good news.ear if hanjin which fired for bankruptcy could afford to one of the ships carrying the toys and computer is headed to the retailer's shelves. video game consoles upgrades for austin. sony, microsoft, nintendo releasing hardware more frequently to keep up with technology. sony expected to unveil today. hewlett-packard enterprises top of the list of stocks. the technology to businesses will release its latest earnings after the bell. analysts look for a profit of 44 cents per share and revenues of $12.6 billion. hewlett-packard split the enterprise operations from his pc printer business hp ink nearly a year ago now. more than 6% in after-hours the arcade restaurant chain cut its annual guidance for same-store sales, a key metric. advanced micro devices but 3.5% in extended trading. the chipmaker to raise more than a billion dollars through an offering of stock as well as. >> good news for burger and steak lovers of beef prices have fallen to a five-year low. our own jeff flock checked o

hanjin also identifying 14 u.s.nd ships in total though it's unclear what will happen with those other ships. now, all of this according to reuters, it's based on comments and court filings that are being made to a federal judge here in new jersey. that court hearing started at 10:00 a.m. this morning. also worth noting hanjin joining some of its customers including samsung and hp in urging for a court order that would prevent the seizure of its ships as they come into port and would also enable some of these customers like samsung to be able to get that cargo off of those ships. so as you mention we've got $14 billion worth of cargo that is stranded at sea on nearly 80 hanshihan hanjin ships. the world's number seven shipping container line first filed for bankruptcy really surprising the entire global supply chain. back to you. >> morgan, besides the electronic products you mentioned, do we know what kind of stuff is on all these ships? >> reporter: yeah, i mean, so first of all, container shipping accounts for 98

hyundai merchant is looking at hanjin shipping's assets.y have asked hyundai if it wants to acquire ships. merchant says it is considering all measures to bolster its business. checking shares, hyundai merchant climbing 6.5%. from ships to automobiles, hyundai motor is tumbling as workers stage there first full-scale strike in 12 years. staff also take partial action for the rest of the week. last month, the unions rejected a tentative wage deal which might affect hyundai's efforts to reverse 10 consecutive quarters of falling profit. this was the first time that unionized workers had voted down a pay deal. get back to what's happening in the markets, emerging stocks posting their biggest weekly gain in two months, that as investors resume buying and bet on central banks. joining us this morning, andrew sullivan. you are taking a look at the flows, and much of it is asia leading the way. think people within asia are slightly happier with the outlook because the accommodative policy we are seeing out of china. investor's of view, it is diffi

this is a hanjin mega-ship making a delivery at the oakland port years ago.sed access to dockyards because tugboat pilots and stevedores are worried they wont get paid. south korea is now preparing to have rival, hyundai merchant marine, buy out hanjin's vessels. a sick coyote seen wandering in the east bay for the past few weeks, died today when it was hit by a car in danville. this is video from previous sightings of the coyote. animal control says, the coyote was suffering from a skin disease called mange. which causes painful itching and loss of fur. the animal was hit sycamore valley road near brookside drive. the remains sent to the state lab for testing. a new case of the zika virus. has been confirmed in southern california. according to scientists. a san diego woman. who recently traveled to a country known to be plagued by zika. came back to the golden state with the virus. in response to the new case. tomorrow and wednesday. vector control crews will spray a two - block area of her neighborhood. to kill mosquitos. that could potentially carry the v

them to looking at purchase hanjin. hanjin declined to comment while hyundai merchants are supposedly considering all measures to bolster the business. it is 12:30 in hong kong. guy: it is 8:30 in to buy and 5:30 in london. china, sky high prices. they could present the latest challenge to the yuan. how does that story tied together? let's talk about this. bubbles, now we are going to talk about a housing bubble and the spillover effect, not to the banks, but to the currency. talk me through it. >> good morning, manus. chineseseen a gain in housing prices. u.s. housebout prices, they represent 5%. have started to push into the u.s. housing market and other markets around the world. in that scenario, where investors are chasing the differential, it would put downward pressure on the currency. the thinking is, policymakers would probably let the currency be sacrificed. property market is much more important to the economy. they think they can get better bargains elsewhere and put downward pressure on the yuan. manus: the

hanjin stranded $14 billion worth of cargo at sea. provideir has agreed to loans. global news 24 hours a day. i am paul allen. this is bloomberg. manus: thank you. head ahead, japanese bonds for the worst quarter in 13 years. we will discuss the reason behind the move later in the show. japan changes of tactics, trying to be more transparent. this is bloomberg. ♪ ♪ manus: welcome back. you are watching angie lau. manus in london. that is one of those classic moments in the script where it says i read anything. welcome back to bloomberg markets. we are trying to get up to speed. alexis tsipras has repeated a call for debt relief, saying the country needs stability. an opinion poll shows his left-wing government is trailing conservatives with a general election next year. bailout inspectors are due in athens this year after warnings from the eu that greece has fallen behind in reforms demanded by creditors. volkswagen plans to returned to the bond market as it tries to move on from the emissions scandal. theceo says that while company's finances are not back to precr

hanjin ships have been at a standstill while the company seeks protection from contractors. has agreed to release hanjin import containers to customers if it receives advanced payments for cargo handling. >>> governor jerry brown is building a new home off the grid. it will be on his family ranch which is west of williams in colusa county. the plans call for a single story home with one bedroom, 1 1/2 bathrooms, a soaking tub and a 1600-square-foot front porch. it will also have a solar array and an energy-efficient fireplace which are in line with the governor's green mission. >>> earlier this month, his home on skyline boulevard in oakland was sold for $2,375,000. that was below the asking price of $2.6 million. >>> campaign 2016. the battle between hillary clinton and donald trump is getting physical. today, clinton's campaign released new information on her health following her fainting spell on sunday. blood pressure 100/70. cholesterol 189. taking medicine for hypothyroidism. also she is taking blood thinner and allergy medicine. >> may i see them? >> yeah, sure. >> th

what is the next step for hanjin ?tep is to figure out with the company actually has more ammunitions to revive or if it doesn't. for the next month, we will get an idea what the court sees with its evaluation of the company and the company will have to come up with its own revival plan and submitted to the court itself. we will know and probably a month which way the court will decide for the future of hanjin. rishaad: thank you. let's have a look at some of the other stories we are watching. rosalind: frost banks acquisition of the british and my conductor designer comes into effect today. theng to the weight of japanese mobile carriers debt load, the debt was at $115 billion, five times adjusted earnings. 5.5 timesse above could be a downward trigger on .he cd valuation softbank's beverages also rising more than expected. the cost of insurance is falling, our default risk model signals a deterioration in their credit this year. central banks should be independent and strong enough to say no to attractive proposals s

the port is releasing hanjin containers to customers who pay in advance.d ship is due to arrive friday. >>> the top sick never easy but -- the topic is never easy to discuss but jill schlesinger is here to talk about life insurance. she is here to talk about the planning process. let's start with the basics. who needs life insurance? and how much is enough? >> reporter: well, i know this is a tough topic for early in the morning but remember, if your death would cause any kind of financial hardship for a survivor, or you might need to create some liquidity for estate purposes you will probably need to buy insurance. now, you need to buy enough coverage for your survivor's living expenses, to provide future retirement needs of your surviving spouse or partner, and to potentially fund future education expenses. now, way back when, when i was a financial planner, we used to use this old rule of thumb. 8 to 10 times your annual income. guess what. with the use of technology, it's pretty simple to determine your specific needs with a calculator. the one provide

. >>> hanjin is filing for bankruptcy. a port won't let the stuck ships in for fear they won't get paid. others are refusing to bet let them get into the port. hanjin is one of the largest shippers. the bay says they will continue unloading the ships as long as full payment is made in advance. >>> not much activity in the financial world today because of the labor day holiday, but there's still business this morning. here's more. >> reporter: markets are cloalzed for the labor day holiday. on friday, the market closed higher. delta airlines say the closure cost the company $100 million. the malfunction caused 23 flights to be canceled. the revenue fell by more than 9% compared to a year ago, in part due to the outage. and get ready for the packages to cost more to reach their destination. ups is saying they will increase prices. higher freight rates will take effect starting september 19th. >>> and years after the first purr fume, lv is releasing new fragrances. and that's your money want for more, log onto cbsmoney watch.