but on jobs david bill gross joining us later, julia coronado with macro policy. a weaker u.s. hat, the idea growth in that the obvious gdp growth will not happen? julia: we have seen a real disconnect. the hard data has not followed through, neither hiring, nor consumer spending. if tom: bring up this chart. this is a really cool chart. it is not an official chart. this is wage growth minus service sector inflation. not good producing. happening, julia. will we see wage growth and today's report. julia: when we are learning is that the labor market, despite the unemployment rate being low by historical standards, maybe there is more slack. maybe the natural rate of unemployment starts with a three a set of a four. even in sectors doing very well, like construction and manufacturing, there is not upward pressure on wages. skillsw, there are some issues and mismatches, but we can see higher wages if we let the labor market go. it would be cool if we could do back-to-back charts. [laughter] tom: let's go to the bloomberg terminal. is what dr. coronado is talking about, the natural

yvonne: great to have you, julia coronado. thank you.and a roundup of stories to get your day going in today's edition of daybreak. for subscribers, go to dayb . it is also available on your mobile. you can customize settings to get news, industries, assets you care about. this is bloomberg. ♪ yvonne: this is "daybreak asia," i am yvonne man in hong kong. betty: i am betty liu in new york. endingn airlines is chair agreements with qatar airways over a dispute of government subsidies. they notified carriers of the decision june 29 and see no financial impact. the pilot union had called to an end for thek -- the qatar theair after they called aircrew grandmothers, a comment for which they have now apologized. yvonne: the second of three major u.s. securities investigations. it is the biggest the finance organization has struck. the bank must deal with the three investigations before can return to the private sector. betty: show me the money. that is what a lawyer told management about attempts to outbid warren buffett. berkshire offer