jack ma's ant group has filed for a twin i.p.o.i offering at least 10% in new shares to bolster its position as china's top online payment platform. it's generated more than $10 billion in revenues the first half. the sim all tains you listing could be one of the biggest in years and could top saudi aramco's record, $29 billion. >> chinese tech company set to report second quarter earnings in a few hours. shery: shares have risen the ast 10 days. the dominant smart phone business faces uncertainty in big marks such as india. let's ask bloomberg intelligence's, give us a little bit of background when it comes to xiamoi's market share and where it stands in this global competition. they're p -- xiaomi, lucky, they benefited from the pandemic situation. given that it has very strong online distribution channel. very good at using online channels and its own application to sell smart phone. recently we have seen that even for higher end smart fones they do pretty well. they don't have to deal with a lot of offline that have been hut do

bloomberg learned that the seek a $25 billion a public offering for jack ma.bout $30 billion. and that's your bloomberg business facts. ok.: thank you. i want to focus on uber and lyft. from a california appeals court after they needed compete with a labor law. for uber. how can you get a buy rating hen you have regulatory overhangs like in california? > really, that's the black cloud. override sharing stories. yesterday, in terms of the 24 lyft was going to pull the plug in california. f course, the appeals court giving them time. it's a fork in the road situation. it comes down to prop 22 in terms of the balanlo in california. we ultimately believe they get to some sort of middle ground draconian more scenario. alix: what's a middle ground? an: a middle ground would be some sort of franchise model or ome sort of win in terms of prop 22 in california. and lyft going to courts in october may have to pull the put more lifornia, pressure on consumers. for s about 16% of rev lyft. a head scratcher given that drivers don't want to be classified as employees. big d

and alibaba said they should refrain dealing with competitors if they wanted to do business with jack ma'smpire. it could be the years biggest ipo. we had to the lunchtime break. back tensions between the u.s. and china as well playing out. seem to be bothered particularly by what is happening between beijing and d.c.. have beenat could engendered by the latest pmi numbers. what we have is the managing 51.2 rising to 52.8 from in june. a year ago it was negative. what this represents is the highest reading for pmi manufacturing since january 2011. it represents the third consecutive month of expansion taking place. we have outputs on that index rising 54.9 versus 52.8. that is also a january 2011 highest rating. this is bloomberg. ♪ hey, kids! welcome to camp tonsafun on xfinity! it's summer camp, but in your living room. learn how to draw with a minions expert... how to build an indoor obstacle course! plus... whatever she's doing. and me, jade catta-preta. the host of e's the soup! camp tonsafun. it's like summer camp, but minus the poison ivy. unless you own poison ivy. in which case, w

that you just mentioned listing in the united states my tag and i was the beijing leadership and saw jack ma the alibaba group chief and of course also responsible for and is considered here in the market to have that as its primary criterion and not looking at perhaps the extra dollar that can be earned and that can be taken in by having the listing on the nasdaq the nasdaq or any other us market would of course read more money but he can't afford to lose the support of the chinese leadership and that's really the only driving force behind this move people in the market think. and in a further swipe at a china president did say that he was going to offer incentives for american firms to move out of china how do you think that will play out really. i don't think it will play an analyst i talked to a little while ago said it's pure campaign rhetoric president trump has 3 months left in office in the new year it could be joe biden who isn't in the white house nobody's going to risk making the wrong decision there and also would be a wrong decision most likely very likely because of production

groupnaire jack ma's aunt -- billionaire jack ma's ant group has prepared for an ipo. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ left-wing radical policies would stop our economy: -- our economy cold. >> law & order is on the ballot. >> when it comes to what joe biden says he'll do, look at his actions. look at his policies. >> joe biden and the democrats are still blaming america first. donald has always put america first. tom: day one of the republican national convention, very interesting. kevin cirilli saying clearly, the first lady taking the high ground tonight, but others speaking as well, including a widely anticipated speech by the secretary of state. right now, it is a great joy to speak to terry haines, pangaea policy. he is really stuck doing war duty out in western maryland. this is not tomorrow -- this is not baltimore. if you go past hagerstown, it is some of the most gorgeous country in this nation. ines joins us this

this is jack ma. it is not just another big ipo, the bragging rights and all that.he symbolism here is extraordinary. on one third, i believe it is by alibaba, and nt will become public. it is not in new york. maybe they will comment on that at the convention. far more is a dual listing in hong kong and shanghai. anna edwards, i look at this announcement, and obviously the bragging rights have been large, with aramco being part of it. for those of us in america, the listing not in shanghai, which i believe is in all chinese, but in hong kong, the winners of this looks like it could be citigroup, j.p. morgan, and morgan stanley. there are a few maims -- a few names missing from there. anna: yes. ford might get the bragging rights. it could be a very big ipo, couldn't it? it could be the biggest in years. it could top saudi aramco's putting on billion dollar ipo. this really is the crown jewel in the alibaba empire. and it has been accelerating its devolution into online. everything from loans to chapel services. not too many travel services these days. tom: we say go

filednaire jack ma has for what could be a record-breaking ipo in hong kong and shanghai.he 2.1 trillion dollars raised by saudi aramco. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. gupta.ika this is bloomberg. ♪ only live in a world that wants you to believe in the bad news racially, economically, and culturally pulled revenues. >> in much of the democratic party, it is now fashionable to say that america is racist. that is a lie. america is not a racist country. tom: some of the comments last night at the republican national convention. the first night a very different look and feel than what we saw from the democrats in terms of the technology and usage of it. the senator from south carolina and former u.s. ambassador to the united nations nikki haley speaking. right now, kevin cirilli, our chief washington correspondent. do you detect that night after night, the republican convention will be the same? is there a consistency here? or was that a one-off theme last night and w

chinese internet companies, alibaba, essentially was told that they would have to kick it's boss, jack maupstairs into a more philanthropic role to make sure the party properly controlled alibaba. that is the kind of thing going on. arechinese tech companies actively involved in building a surveillance state of the chinese communist party. they are building a system of social credit for the chinese communist party. if you look closely at what is happening in china, xi jinping is building a pennock to come. if that becomes global and americans find themselves under chinese surveillance, i think there would have to be a serious we think about our strategy. it is appropriate that the u.s. government has taken a tougher line on chinese tech companies over the last couple of years. i think cold war two was in many ways initiated by china economically, and it was really, if anything, surprising to me that it took so long for americans to wake up to this kind of chinese challenge. haidi: i am just waiting for your tiktok account, to be honest. it sounds like you are saying there is an inevitabil

course, today,f we had a scoop by bloomberg news that jack ma's end to the ip owing.s an update to the success and what you think it will be. >> yeah, the number that's being floated today, $225 billion of potential valuation is slightly higher than the previous number, which is $200 billion. i think that's positive news for alibaba. they own a third of and group and it translates to about $75 billion in value for alibaba, more than 2% of market capitalization. the ipo capital is going to be very successful. it will help to crystallize value for alibaba. more portly, it allows only -- more importantly, it allows alibaba forward with growing technology and payments. isancial and group contribute in two alibaba's profits -- contributing to alibaba's profits. haslinda: thank you so much for that. still to come, bloomberg's on howation with a ceo he never gets tensions with china and involving immigrating policies around the world. keep it here with us. this is bloomberg. ♪ you know, it's a business by affecting business policies, as well as the pandemic. the ceo spoke to

alibaba shares are at a new high in hong kong after jack ma filed for dual listings in hong kong andnghai and is set to raise $30 billion. listings inot of hong kong, chinese firms dominate, 95 sent to all funds 95%ed so far this year -- of all funds this year raised so far. david: thank you, sophie kamaruddin in hong kong. we have rick davis in hong kong and jean davis with the in new york. rick, i don't want to call you old art, but there is a difference between the democrats and republicans' conventions. last week, we saw a lot of people who served as president or ran for president, and this week we are not seeing anybody who has been around that long. is this really donald trump's convention? rick: donald trump continues to play the role of outsider. you don't see official washington during this convention. the one representative today from the u.s. senate, rand paul, is considered an outcast of republicans in the senate. donald trump sticks to the script. he came fighting washington institutions and the people who are in it and he continues to import his supporters to show that

they said they should refrain from dealing with competitors if they want business from jack ma's empirehe year's ipo. coming up on daybreak asia, the cross fires between days -- beijing and d.c.. hsbc earnings. this is bloomberg. ♪ ♪ ♪ yvonne: lewis -- good evening from bloomberg's global headquarters in new york. haidi: asia's major markets have just opened for trade. our top stories, tiktok faces imminent ban in the u.s. but insists it breaks no local laws. markets -- microsoft is interested in a deal and has discussed the idea with president trump. the 7-eleven owner revives its pursuit of the gas station chain. aey will pay $21 million in deal set to close next year. goldman sachs and bank of america are being shunned because they worked with alibaba's rivals. shery: japan, south korea and australia coming online. let's get to the market action. starting with the open in japan, the first quarter gdp contracted at a slower pace than expected. the nikkei 225 adding nearly 1.2% after a loss that saw the first monthly drop in four. the topics had a drop. it is opening to the upside by 1

jack ma still controls that. >> and who is his hero >> speaking of -- speaking of capital markets activitynd ipos, i want to talk pal anterior after the break, the listing from this silicon valley giant is coming up is coming up >>> welcome back, guys i want to talk a bit about palantir, a name at the beginning of this year many would not have expected will be coming public will be hitting the markets fairly soon. it would appear. in fact, we're waiting moment by moment for an official s 1 they did file confidentially a while back but it is going to be made publicly the s 1 any moment i'm told many expected we would have seen that yesterday of course, this is a company the government and defense department are a large user of its services but it is commercialized those services in part under what it is its foundry works part of its business as well that part has very large gross margins as they've tried to move towards profitability. remember peter thiel is a long time investor there, the chairman alex carp the company's ceo has never embraced fully the idea of becoming a public company, b

mas vale prevenir... que lamentar. querido jackn, ¿eh? muy bien, por eso mi jugoso spicy chicken strips combo hecho con 100% pechuga de pollo regresó a mi menú por solo $5.99. >>>imágenes del incendio que muestran el panorama, norte del estado millones de árboles quedaron cansina de los bomberos trabajan por la llamas en incendio tiente un 17% y quemaron más de 340.000 acres de maleza >>> entre la comunidad está de mal en peor y la situación ha cambiado en los últimos días observe como el pierna está amarilla lo que representa condiciones moderadas, cómo están panorama donde gran parte estaba pintada de color violeta lo que representa condiciones insalubres afecta a quienes tienen que trabajar al aire libre a pesar de los riesgos, conversamos con trabajadores y nos cuenta más >>> muchos trabajadores están consternado ya que amanecieron ante un cielo rojo y temen que su salud se vea perjudicada >>> ahora tengo y es curvo >>> estuve deshidratado tengo que comprar agua para estar hidratado y nada más con malestar de ser la nariz como

ma has has jack asked -- to pull of the biggest ipo ever.ny will seek a 220 $5 billion valuation and a public offering. inns to fire two listings hong kong and shanghai in the next two weeks. shares could raise $30 billion. that is latest business flash. alix: one thing to keep your eye on at the start of next week, you have two storms forming in the caribbean that could affect oil assets in the gulf of mexico. this is the first time in more than 60 years we have seen this kind of weather pattern. laura hastorm prompted watches and warnings in puerto rico as well as the bahamas. top winds of 45 miles per hour. a second system that could be named marco is also off the coast, both of which could reach the gulf of mexico early, threatening, people, homes, oil and natural gas production. if you have to leave your home because of a major storm, that will impact how covid spreads as well. you can see the storm tracker coming in. definitely watch that as you head into the weekend. that wraps it up for me on bloomberg markets. --opean close is comin

mÁs despuÉs de la pausa. ♪ ♪ prueba mis mini munchies por $4, con marinara y ranch. de vuelta en jack in the box.imo. con at&t fiber obtienes la velocidad y capacidad que tus devices necesitan. ¡aaargh! ¿no suena bien? suena increíble, solo que pisé un juguete. ooh that sounds as painful as his internet! obtén 1 giga de internet con at&t fiber por $49.99 al mes por un año. sin contrato anual y con hbo max™ incluido. disponibilidad limitada en ciertas áreas. llama al 1-800-es-facil. adecuada de medicare. así que llame a unitedhealthcare y aproveche una amplia variedad de planes incluido un plan aarp medicare advantage de unitedhealthcare. puede combinar su cobertura hospitalaria y médica con la cobertura de medicamentos con receta, ¡y más! todo por una prima mensual baja y, en algunas áreas, ¡directamente sin prima! aproveche visitas al médico de cuidado primario... cuidado dental preventivo y un examen de la vista todo por un copago de $0. y con renew active, disfrute de una membresía gratuita a un gimnasio y recompensas por estar activo. disfrute de una nuestros planes ppo. nuestros agentes de v

mÁs adelante leeremos conocer panorama en san mateo donde se registra el incendio con flex. ¡wow, mi twitter estalló! querido jackeso mi jugoso spicy chicken strips combo hecho con 100% pechuga de pollo regresó a mi menú por solo $5.99. ¿será por su jugosa carne 100% pechuga de pollo? ¿o porque puedes dippearlos como quieras? ¿o porque me dijo un pajarito que realmente los querían de vuelta... llévate mi spicy chicken strips combo por solo $5.99. presentador: Éstas son imÁgenes de incendio que estÁ consumiendo acres en san mateo y santa cruz. en estos momentos las autoridades estÁn realizando una conferencia de prensa sobre este incendio. reportera: nosotros estÁbamos hace unos momentos dentro de la conferencia de prensa pero salimos un poquito para mostrarles cuÁl es la situaciÓn que se vive, donde se ha deteriorado bastante la calidad del aire, la sentimos y la vemos y esto obviamente debido a este incendio te estÁs mencionando, este incendio que afectan al condado de san mateo y santa cruz es el incendio se czu. vamos a ver las imÁgenes de cuando estÁbamos, bueno, no vamos a ver las imÁgenes pero lo que me est

ramÓn: mÁs adelante, santa cruz anuncia posibles ayudas para las personas afectadas por los incendios. tambiÉn hablaremos del incendio eln ¡wow, mi twitter estalló! querido jackjugoso spicy chicken strips combo hecho con 100% pechuga de pollo regresó a mi menú por solo $5.99. ¿será por su jugosa carne 100% pechuga de pollo? ¿o porque puedes dippearlos como quieras? ¿o porque me dijo un pajarito que realmente los querían de vuelta... llévate mi spicy chicken strips combo por solo $5.99. ramÓn: continuando con el tema de los incendios, el siniestrol lnu que afecta napa, sonoma y solano, tiene muchas estructuras destruidas, este incendio es el segundo juego de mayores proporciones en la historia de california, estÁ contenido en un 15%. por su parte las autoridades del condado de sonoma han ordenado evacuaciones en varias comunidades, al norte de river rode y al norte de la carretera 116. quienes necesiten evacuar sus hogares debido al complejo de incendios lnu puede acudir a los siguientes centros, la iglesia comunitaria en el 2590 de la calle primera en napa y en los terrenos de la feria de santa rosa localizados en el 1350 en santa rosa. julio: aquÍ en vacavil

jack in the box. paola: continuamos. a partir de hoy comenzaron las clases en contra costa. miles de estudiantes se unieron al uso de la tecnologÍa. nuestro compaÑero ramÓn adames nos habla un poco mÁsas clases. una gran mayorÍa de alumnos ya estÁn preparados, pero hay algunos obstÁculos para algunos estudiantes que requieren educaciÓn especial. hablamos con el intendente del distrito escolar unificado del condado de contra costas. >> algunos maestros estÁn en sus salones, pero sÓlo estÁn enseÑando desde sus computadoras. nuestros estudiantes estÁn estudiando a distancia. ramÓn: un formato para que los estudiantes el 10 -- empiecen sus clases. estarÁn disponibles algunos servicios de educaciÓn especial, segÚn el intendente. >> podemos dar algunas terapias de lenguaje, clases a pequeÑos. podemos las tutorÍas. ramÓn: el plan de aprendizaje a distancia permitirÁ a los maestros que utilicen las plataformas para dar sus clases. >> todos nuestros estudiantes tienen un fondo del distrito y hemos comprado chromebook. el acceso a internet es algo que estamos trabajando duro. ramÓn: padres y estudiantes que tengan problemas para conectarse con sus clases deberÁn conectarse con representantes

contra el covid-19 tenemos más detalles >> pedimos por la vacuna es necesario para la gente >> hora de los hospitales mexicanos la gente rezó para pedir y dar gracias que jackpara una vacuna en este país >> nos parece muy bien creo que nosotros debemos encomendarnos a dios, nuestra fe y dar gracias a la vacuna porque muchos parecen de lo mismo >> la posible solución a la pandemia que deja 50,000 muertos en esta nación se ve en la colaboración de méxico argentina la universidad de oxford astra sérica y la fundación carlos dice que llegará a todos los sectores el presidente >> no hay preocupación por la gente pobre gran vacuna >> se tiene programado producir 300 a 250 millones de dosis para todo latinoamérica menos brasil haces uno y dos han sido buenas y esperanza que pronto caretas y cubrebocas quedarán como un recuerdo >> los funcionarios y expertos dicen que a diferencia de la vacuna que se analizan sea esta estarían última fase de pruebas permitiría acceder en tiempo menor >> de adelante se hizo siete meses esa diferencia lo es todo para la economía, salud >> todo parece indicar que será el primer trimestre del 2021 cuando se convierte aplicar las mexica