we have john cochran -- the senior fellow is solution at stanford and works for john taylor and othersll get his thoughts on where the fed is going with rate hikes kos. year, and dino he is going to join us to talk about his view of the bond market and how the fed tends to deal with this, look at it, and we will have a to the conversation with him. haidi: i am wondering if he will comment on small potatoes and if those views will haunt him. kathleen: it might, heidi. [laughter] that: seems to be talking animals here at the moment, an exclusive here on bloomberg tv, mgm chairman will be joining us to talk about their plans for the integrated resort in japan and the outlook and cost and challenges in going into this market and what he sees as the true potential of that market in japan. also his views of what is happening over at wynn as well. that is it for "daybreak: australia". at a down day, tracking get another day of losses on wall street. this is bloomberg. ♪ in hong kong,.m. i'm yvonne and look at the "daybreak: asia". is aop stories this friday correction come at s&p 500 closes 1

much -- iank you so also want to thank john cochran joining us from stanford university.uick check of business news headlines. to try to stave off a cash crunch -- mission street in san francisco is among assets like with a tower in new york that they bought a year ago, they make worldwide headlines of a shopping spree but the group must pay 20 have billion dollars this quarter. fell after allegations against former chairman steve when can harm the company's reputation and financial performance and licensing status. wynn step down after allegations of sexual harassment, he denies any wrongdoing but said publicity made it impossible for him to stay. the suns for your outlook and worsening impact of pickles scandal in japan and rising incentives to attract buyers in the u.s., company says they belowd a fiscal year estimates of auto analysts, and decency's higher net income after the u.s. tax cuts. up, twitter soaring in its market debut and what is driving sentiment. this is bloomberg. ♪ we use our phones and computers the same way these days. so why do we pay to have a pho