sonali: after the crisis, icbc really double down.ore of a lending venture than an investment bank like jp morgan. alix: why would it be jp morgan competing with icbc and not other banks? sonali: well, it is bigger. morgan stanley is another bank that was to double down. asia is one of their priorities this year. asian technology companies are just as important to them as the faangs. there's a lot of things about jp morgan's business model that fit quite well, plus the ability it to to bring global companies deal. david: thank you so much. coming up here, eli lilly gaining in premarket after the company beat in second quarter lifted full-year guidance. we will talk about that with joshua smiley, the eli lilly cfo. alix: if you are jumping in your car, you can tune in to bloomberg radio across the u.s. on sirius xm channel 119 and on the bloomberg business app. this is bloomberg. ♪ david: eli lilly announced its second-quarter earnings earlier this morning, doing better than expected in earnings and revenue, and raising earnings guidan

icbc international associate vicky wu joins us to talk about alibaba.h giant and china's digital ecosystem. this is bloomberg. ♪ paul: i am paul allen in sydney. shery: the quickest flash of the business flash headlines. buyer is facing a fine of its roundup weed killer by two thirds. a san francisco jury had imposed more than $80 million in penalties after claims that roundup causes cancer. it was cut to 25 million, with the judge saying unitive damages shouldn't be more than nine times bigger than compensatory damages. the judge rejected buyer's request for new trial. paul: spacex says a leaky valve needs a redesign, making it much harder to fly astronauts this year. they were contracted to flight nasa astronauts to and from the international space station, but an explosion during testing in april destroys one of the companies dragon capsules and was a setback to send humans into orbit without relying on russian rockets. shery: they same crime doesn't pay, but investing and fighting cybercrime does. one of the best funds in japan focus on -- focuses o

>> final trade time, joe >> jp morgan full force, icbc. >> steph >> l 3 harris. >> qsr, like the restaurant brand. >> our thanks again to jim cramer we'll see you tonight at 6:00 on "mad money." the exchange begins right now. >>> welcome, everybody, here's what's ahead today the busiest week of earnings, the trade meeting in china, the jobs report and what that could mean, this could be the most market moving fed decision in years. all of that in the next five days, and we're going to get you ready for the market's big week in minutes from now. fortnite proving video games aren't just fun anymore. real competition for your battle in your eyeballs and yes, your money. i want my kids to start playing. >>> the winners and losers and getting to the root of boeing's prices did regulators relax oversight of the company too much? we're starting to ask that. >>> we'll begin today's market and talk about that first with the one and only dom chu. >> eamon javers tweeted his kids are going for scholarships right now. >>> the s&p 500 and nasdaq, after coming off record highs friday are pulling back jus

. >> final trade time, joe >> jp morgan full force, icbc. >> steph >> l 3 harris. >> qsr, like the restauranthanks again to jim cramer we'll see you tonight at 6:00 on "mad money." the exchange begins right now. >>> welcome, everybody, here's what's ahead today the busiest week of earnings, the trade meeting in china, the jobs report and what that could mean, this could be the most market moving fed decision in years. all of that in the next five days, and we're going to get you ready for the market's big week in minutes from now. fortnite proving video games aren't just fun anymore. real competition for your battle in your eyeballs and yes, your money. i want my kids to start playing. >>> the winners an

the icbc is buying a 10% stake in the bank with the best in the china's great wall also taking smallers. weekollar bonds fell last after a report that regulators are seeking to resolve its liquidity problems, as hong kong listed shares have been suspended since april. next, hong kong has seen another weekend of unrest and it seems china is preparing an unprecedented official response. this is bloomberg. ♪ asia.is is daybreak i have su keenan. we start in france are the countries pushing -- country is pushing ahead with a tax on big tech, despite donald threatening them. he slammed the foolishness of the levy from the french, but the french government says it will be implemented anyway. the finance minister insists it is not deliberately targeting american countries as says this is of universal interest. should not understand the decision taken by france to have its own -- activities as any willingness of targeting american companies. that is not the case. we are not willing to target the american companies. su: u.s. trade negotiators go to china later monday as talks resume after a pau