let me give you one line on what is going on at heineken. breaking news coming through from the beer maker in amsterdam. first half preliminary beer volumes coming through. we saw some fairly gloomy predictions from numbers in this sector. carlsberg, i think it was. heineken declining by 11.5%. operating profit down organically by 52.5%. that is the stock specific story this morning. better news out of the chip sector. tsmc numbers. the tech sector once again and focus. let's get to the gmm. things to look fairly mixed. the philippines doing its own thing yesterday. doing its own thing today. elsewhere in asia, we do have weakness. china down by 2.5%. chinese gdp did it was only part of the story. it was positive, showing the rebound. still underwater when it comes to comparisons with 2019. the retail sale story looks a little bit more difficult to stimulate. money coming out of emerging-market fx. the dollar is actually fairly flat this morning. let's wrap all that together with mark cudmore, are bloomberg mliv manager to joins us now from

mont sees red unprecedented disruption the swiss luxury giant flags a strong recovery in china >>> heineken trades lower as the beer maker plunges prompting the group to intensify cost cuts. >>> in frankfurt, the ecb faces a crucial test will look to prove that it has more fire power needed we bring you more coverage to this runup to decision time. >>> the chinese stock markets plunged into the close despite encouraging growth data. shanghai composite 4.5% lower. marking the worst daily performance in each index since february the china gdp grew rebounding from the first quarter recession as they use the lockdown and first quarter stimulus more on the chinese data. >> a bounce back from growth from q 2 after strict lockdowns and travel restrictions and some of that stimulus kicked in if you look at that key data for the month of june, industrial output lead to the recovery and third output growth of 4.8% suggesting demand is improving fixed asset improvement fell 4.81%. also better than expectations and retail sales, missed expectations fall 1.8% year on year slumped the sixth time in a row

increasing numbers of holiday homes in taurus have left their mark on heineken hafen and the coastline itself is constantly changing according to the seasons. the baltic sea island of fame on also off a scenic images like the famous sound bridge. and natural windswept coastal landscapes but it's not just the right subject that makes for a compelling photograph. least the lights is that being all and end all in landscape photography. you need the light from the right direction and you want vibrant colors vibrant movement to be. never tires of exploring the baltic always has his camera at the ready to capture the moment. this is. it's not always the blue sky that will draw in your audience it might be the wild mood of the sky the patches of light when the sun peeks through the clouds. that can be much more compelling than a blue sky it's the glowing embers. it's time for some refreshments advantage. when the travel restrictions were east restaurant and cafe owners briefed a sigh of relief tourists are their bread and butter after all in the daytime it's not hard to get a table for dinner

is his passion and his profession today franco wants to share this pm at the baltic sea resort of heineken hafen to express to tom teach. the lines are important. what's the most important section. if he is how can i show the object from the best possible angle. and the best in scenes and of course with the pier i also want to see the sea it's just me is the so i look for the places where i can combine all those elements into one picture. so it does have victories because these communities have realised that peers are popular on the baltic and the north sea because it lets people get close to the water. so i have a fun kind of photography is also a form of documentation. increasing numbers of holiday homes in taurus have left their mark on hiding in hoffman and the coastline itself is constantly changing according to the seasons. the baltic sea island of fame on also off a scenic image is the fame and sound bridge. and natural windswept coastal landscapes but it's not just the right subject that makes for a compelling photograph. least the light is the be all and end all in landscape photo

they are boycott is include a lot of big companies including patagonia, levi's, mcdonald's, vw, heineken you seem not to be that moved by theircampaign andi but you seem not to be that moved by theircampaign and ijust but you seem not to be that moved by their campaign and ijust wonder what you think about what they are asking you to do? congressmen, thanks. we are very focused on fighting against election interference and also very focused on fighting against hate speech and oui’ on fighting against hate speech and our commitment to those issues and fighting them go back years before this recent movement. since 2016, the defence is that the company has built up to help secure election is not just built up to help secure election is notjust in the world i think are some of the most advanced that any company or government has in the world now. we routinely now collaborate with law enforcement and intelligence agencies, and are able to sometimes identify threats coming from other countries before governments are even from other countries before governments are even able to. in terms of fig

we sat down together in a corner with me and h w and had a heineken beer and he was telling baseball stories from the days he played at yale. we swapped stories for about 30 minutes with big bush. that was a lot of fun. >> and thinking how did i end up here? why am i lucky enough to be her here. back to your mom. this is your first book. obviously your mother converted to christianity. >> yes. >> it wasn't a pumpkin conversion but the real deal. >> yes the old-fashioned where they bring up the bench and you sit down you sit on the moaning bench. she recalled the moment where she accepted jesus into her life very clearly it wasn't phony baloney stuff you see nowadays with the camera on. >> and never heard of the moaning bench. >> they could call it a chair. the same thing. so they bring up a chair, a bench and you sit on it. some people call it the moaning bench some people call it nothing. [laughter] you just come up and we stand there that the minister says will take you to the back room. i know what the deacons do back there. [laughter] >> is that when you baptize? >> no. in my day

their boycotters include a lot of big companies including heineken and so on. but you seem not that moved by their campaign. and i wonder what you think of what they're asking you to do? >> congressman, thanks. we're very focussed on fighting against election interference and we're very focussed on fighting against hate speech and our commitments to those issues and fighting them go back years before this recent movement. since 2016, the defenses that the company has built up to help secure elections, not just in the u.s. but around the world, i think are some of the most advanced any company or government has in the world now. we routinely collaborate with law enforcement and intelligence agencies and are able to sometimes identify threats coming from other countries before governments are even able to. in terms of fighting hate? we have built really sophisticated systems. our goal is to identify it before anyone sees it on the platform. and we built a.i. systems. and as i mention, have tens of thousands of people working on safety and security w the goal of g

therefore cutters include a lot of big companies like patagonia, levis, mcdonald's, heineken, and so on. but you seem not to be that moved by their campaign. and i just wondered what you think about what they are asking you to do. >> congressman, thanks. we are very focused on fighting against election interference, and we are also very focused on fighting hate speech. our commitment to those issues and fighting them go back years before this recent movement. this 2016, the defenses that the company has built up to help secure elections not just in the u.s. but around the world, i think are some of the most advanced that any company of our government has in the world. we routinely know collaborate with law enforcement and intelligence agencies, and are able to sometimes identify threats coming from other countries before governments are even able to. in terms of fighting hate, we have build sophisticated syste systems. our goal is to identify it before anyone even sees it on the platform. we built ai systems, and i mentioned, tens of thousands of people working on safety and security

that includes the likes of heineken, puma and northface. zuckerberg making news as well on the work from home front. listen. >> from a health perspective, with covid growing quickly in the u.s., there's currently no end in sight for when our teams here will be able to return to our offices. it is incredibly disappointing, because it seems like the u.s. could have avoided this current surge in cases if our government had handled this better. susan: amazon, meantime, record sales in the quarter and profit doubling to over $5 billion, employing over one million. amazon prime day, by the way, delayed until the fourth quarter. finally, alphabet, bit disappointing, the parent company of google, with its first drop in ad revenue in the company's history. they are buying back more stock, $28 billion worth, in repurchases, lower costs, cloud, were the bright spots but as i mentioned to you, the bigs keep on getting bigger and the cash pile at apple, $194 billion, that on its own would be the 29th biggest company in the s&p 500. cheryl: it is incredi

their boycotters include a lot of big companies, pad gone yaw, mcdonald's, vw, heineken and so on but you seem not that moved by their campaign. i wonder what you think about what they're asking you to do? >> congressman, thanks. we're very focused on fighting against election interference and we're also very focused on fighting against hate speech. our commitments to those issues and fighting them go back years before this recent movement. since 2016 the defenses that the company has built up to help secure elections not just in the u.s. but around the world i think are some of the most advanced that any company or government has in the world now. we routinely now collaborate with law enforcement and intelligence agencies and are able to sometimes identify threats coming from other countries before governments are even able to. in terms of fighting hate, we have built really sophisticated systems. our goal is to identify it before anyone even sees it on the platform. we built a.i. systems and as i mentioned have tens of thousands of people working on safety and security with the goal

they said advertisers were actually coming back from that boycott including heineken, puma, northface as well. listen. >> from a health perspective, with covid growing quickly in the u.s., there's currently no end in sight for when our teams will be able to return to our offices. it is incredibly disappointing because it seems like the u.s. could have avoided this current surge in cases if our government had handled this better. susan: amazon, meantime, record sales there for jeff bezos, profit doubling to over $5 billion. employing over one million now. amazon prime day delayed until the fourth quarter. finally, alphabet, a bit disappointing with its first drop in ad revenue in company history but they are buying back more stock, $28 billion worth, lower cost, cloud was a bright spot but if you are going to move prime day to the fourth quarter, isn't that called christmas or black friday? neil: yeah. i mean, that might provide another opportunity for these guys to have like a spurt like they have today. we'll see. susan, thank you very much. susan li on all of that. interesting comme

northface said it would resume facebook advertising, so did puma and heineken. things are looking up. stuart: it was a blowout. absolute blowout. however, look at alphabet, that's google's parent. that stock is down right now. they reported disappointing revenue. the stock is down, only one of the big four down, down 18 bucks. they brought in $38 billion last quarter. that's a 2% drop from last year. first drop in revenue, quarterly revenue, in their history. however, their total profit came in at $6.96 billion. enormous. put them all together and those four companies brought in a profit of $28 billion in the three-month period when much of the economy was shut down. look who's here. mark douglas, ceo of steelhouse. mark, i know you are bullish on amazon, even at these lofty levels. explain yourself. why? >> yeah. so basically, america is moving. we talked about this before. there's a really big shift where you're seeing basically people want to move from cities, move out to the countryside. if you think of amazon, where did they start, they started selling book