the resorts in macau are world-class compared to las vegas. macau has taken off. pansy: we are talking about the next generation of people from china, who have become more affluent. betty: siblings lawrence and pansy ho have become leaders in the industry thanks to their father, stanley ho. the siblings have a combined net worth of $7 billion. for the last decade, they have met stiff competition. from a las vegas billionaire who is known for constantly betting against the odds. sheldon: they predicted i would not even open. they did not believe somebody else could do something better than they could. betty: they underestimated you. sheldon: they grossly underestimated me. betty: sheldon adelson is ceo of vegas sands, with a net worth of $35 billion. much of that wealth made on his macau casinos. the race for macau pits billionaire against billionaire. all vying for the attention of the 1.3 billion chinese to the north. macau is an 11-square mile enclave on the southern coast of mainland china. for over four centuries, it was under portuguese rule. today it is the

macau isment, i think very crowded. hong kong is 30 times higher. if you look at the visitation in hong kong last year, 61 minutes. they need to improve their infrastructure. rishaad: thank you. you can find more on that story and view the rest of the day's news. ,ust go to bloomberg.com/asia our new digital destination. design up for alerts on the bloomberg mobile web and keep up date with the breaking news and nellis is. -- and analysis. we return in a couple minutes. ♪ rishaad: the news coming as president joko widodo held talks with the white house and announced. neil joins us from the indonesian capital. how many of these deals are new? neil: $20 billion is a big number. many of them are not actually new. a compilation of deals we have seen announced this year but there are some interesting once. -- ones. the big one is to supply gas. indonesia is always a major -- already a major exporter of liquefied gas but demand is growing and there's opportunity there. of 500 million by coca-cola to expand its facilities here. it shows indonesia's consume

now some pressure as wynn voices these concerns about the business in macau. going to hop on the call and bring you more headlines. back to you. >> thanks, josh lipton. this is what investors are worried about. it got a lift with the chinese stocks because there is this notion the government would be supportive, helping out. now there is no visibility. >> here's the problem with wynn. the play on it is you're making a play on the rebound in china, but the problem is it's so confusing what's going on there that wynn is not your best way to play it. at this point in time, it's trading $67, $68. that might be a place if you had to buy when. i think there is better ways to play a china rebound. i'm not saying there is going to be one. if you're in that camp, you mate as well go to alibaba. that is the china consumer rebound play. >> that had a nice play today up 5%. should we be bent out of shape with a 7% decline when the stock was up 18% last week? >> october 1st, they said macau gaming revenues were down 33% year over year in september. next line you get a head

what's the difference between vegas and macau?> from our standpoint, what we did is we tried not to do what's in vegas. that doesn't mean we didn't take some of the rules but what we tried to do is take something that's unique to macau, unique to this part of the world. it's understanding your target market and what we try to do is create attractions that the chinese will embrace and that tourists from ever where will embrace. we look for that balance. >> we could be here all day. that's all the time we have. we were just joined by the designer of this massive resort that's a full-on feast for the senses. gary goddard, c.e.o. and founder. angie: all right. designing success. thank you so much for that. coming up next, it took a hit in u.s. trade. will tokyo deliver a blow to one of our reporter's picks? we're after the stock exchange after this short break. ♪ angie: welcome to the stock exchange. we're taking a look at japan and south korea. and we have our reporters. >> i'm looking at advatis which may not be advancing today beca

get out of macau. >> and i wonder if it is good for everyone else in macau but wynn. i wouldn't be shocked if there was punitive action. >> some skate getting here. and i think others could do better. >> you could play macau without the unique relationship with the government. >> up next go pro seeing two stories. transportation official as announcing drones need to be registered with the federal government due to the rise in close calls between drones and airplanes. and also the company nabbing a key hbo exec as it looks to double down on couldn't tent and they focus on sports. >> interesting. >> which is the go pro bulls, of which i've been wrong. but go back to july 21st, that quarter was good. not only on eps and revenue side margin side was excellent and the stock traded in kind. it went from 60 in the post market to $65. you have a $29 stock coming down to 27. i think there is a chance the stock continues to rally into earnings. if you want to play it i think you can. play it from the long side today. i think you are finally getting some tail wind of good news.

angie: the good times are rolling again in macau for now. casino stocks are surging after chinese visitors returned intros. -- in droves. warns itming chairman might be fundamental to the carmakers survival. air quality worsens again around kuala lumpur. the worst on record. all that and more in this edition of "asia edge car." asian stocks higher for a fourth session, the longest winning streak we have seen in three months. the weaker than expected u.s. jobs report will delay a rate hike. australia, aing in standout today. japan is on a lunch break, the nikkei up 1.25%. investors in hong kong continuing to take a gamble on casino stocks. in the last hour, the world bank issuing its latest outlook for east asia. the bank expecting economies to post only moderate growth this year. they have been cutting the region's forecast through the end of 2017. full of glam, but we were talking about it -- full of gloom, but some positive notesha. slinda: -- some positive notes. a: china is the second largest economy in the world. asia forecast to grow 6

>> melissa, same day we got the numbers for september on macau, they were terrible. but yes, the government is going to help? how? we don't know. but it was going to make everybody happy in the stock market. wynn resorts, fell 33% from a year ago to $2.2 billion, that is 16 straight months of decline. that is the lowest take in five years. the good news, the month-to-month declines are slowing and credit suisse said momentum was picking up by the end of september. and mgm ceo said he expects comps to start returning this month and macau will bottom by the ends of the year and turn positive in 2016. morningstar agrees, a good sign. today the central government said china will introduce policies to help stabilize macau's economy. this is fresh off president xi jinping's visit to the white house where jim muren pled his case in person. and not know whether that will setoff the corruption of money laundering and limits on how much cash chinese citizens can withdraw when they're in macau. morningstar believes there will be a 20% drop in gaming revenues year-over-year. and

said thata's parent singapore helped offset the slowdown in macau.reaking news for you right now, chipmaker sk hynix out of south korea has released its third-quarter operating profit, coming in at 1.3 withion won, in line estimates. 1.3 8 trillion one. illion won. new zealand is higher, new zealand dollar spot at 68 is -- 68 u.s. cents. in hong kong, pressure on commodities in general, dragging down equities a third of 1% lower, that we do have that ugly dollar spot, 72 u.s. cents. also counting down to japan and korea. nikkei 225 last closed almost 2% higher. this is among speculation that disappointing trade data out of japan will provoke action. chicago nikkei futures pointing to a lower open though, after wall street selloff. dollar strengthening, 119.91. -- dollar yen strengthening, 119.91. and i $5 billion has been reflected -- rejected from an investment firm. let's get more from paul allen in sydney. what else do we know about this approach? guest: this also was made a couple of days ago. 6.88 per share, which was a pretty healthy premium, 2

the resorts in macau are world-class compared to las vegas. macau has taken off.we are talking about the next generation of people from china, who have become more affluent.

wynn macau shares traded in hong kong. they are down due to that gaming slump in macau. let's change to the land of smiles. thailand has big hopes for chinese visitors this golden week holiday. more than 6 million chinese are expected to visit this year, more than double the 2012 figure. anecdotal evidence from over the --kend from resort operators i caught up with him yesterday. he suggests not as many chinese are visiting as hoped. >> thailand is having quite a tough period this year. the tourists that are here are chinese, but they're not in the numbers you would expect. i guess they're concerned about their own economy. stephen: the slowing chinese economy and the bangkok bombing hurting sentiment of chinese vacationers to thailand. rishaad: thanks for that. let's have a look in terms of stories making headlines now. a high-profile stock market link between shenzhen and hong kong may be delayed until next year. 10 of 13 analysts surveyed by bloomberg expect china to focus on stabilizing its stock market rout before introducing new mechanisms. new data from the hong k

this boils down to the drop in the top line in macau.rence call, management is expecting a new casino to , though theyhedule don't know how many tables they will be getting from the gaming board. angie: now that i've seen casino earnings, what you watching in the fourth quarter? >> whether they will continue, haves, 3-4 days analysts changed their ratings on stocks in hong kong, mostly bullish, too bullish. finallys a note that after five straight quarters of --uential the kleins, sequential declines, finally a pickup of revenue. another thing you want to watch out for are these new restrictions when it comes to withdraws, how much cash they can bring and withdraw on the floor. just a quick look. is a quick lookup buy, hold, sell of wynn resorts. angie: thanks. global weakness and slowing demand for chips has triggered first profit drop it tie one semiconductor in three years. -- it has cutget its equivalent budget. what is behind the week numbers here and the bleak outlook? china.ne word, another word, smartphones. the combination of th

now,g a look at macau share prices under some serious pressure. worse thanling 38%, analysts had been calculating. yvonne: not the most satisfying quarterly phone call, but at least it was the most candid blasted chinese officials were not told them how many gaming tables he would get at his new resort, scheduled to open in march. he said was asterisk that they still don't know how many tables they will get three weeks before the doors open. let's hear from the man himself. are reallyof us clear about what our environment will be like going forward. it makes planning and adjusting almost a mystical process. this comes as third-quarter sales missed analysts estimates. this accounts for more than half of wynn resort's revenue. high rollers just aren't coming after janice government crackdown on corruption. chinese government's crackdown on corruption. analyst ratings have surged at a record pace, most believe the recovery has been led by mass-market. we would have to see in the next quarter, but they are most bullish on galaxy. those results were ou

>> ultimately, in this environment, macau is a very close to society.e respectful of the local government. sometimes, there are different forces, their unions and different views in terms of -- there are a lot of different single interest groups supporting different things that are very vocal with the government. course, i think steve was very angry about table allocation. have been lobbying and closely working with the government, understanding that they have the constraints of the table cap and the annual growth rates. i think all we can do is really be respectful and continue to work with them. our exclusivewas interview with lawrence ho going after the mass-market gambler not the vip highroller. coming up in the next 20 minutes of the "bloomberg market day," a new way to measure inflation on the internet. how m.i.t. study project wants to use data to track what you are buying online. walgreens stairs -- shares are surging, following reports that there will be a deal to combine the two. we discussed that. and how big a bite will china take out of app

that there isher good business in getting people over to macau.urism properties around that. are we seeing the same thing here, where people from asia are coming to the states? >> macau gets 90% of its visitors from hong kong and mainland china. las vegas gets 80% of his videos from the u.s., so still principally a domestic business, but baccarat is 20% of revenues, and much of that comes from the far east. david: thinking about the big casino companies, thinking about what is happening in atlantic city, is that continuing? >> certainly come atlantic city has gone through a major shakeup. las vegas had a tough time during the debts of the financial crisis but seems to be on a reasonable recovery trajectory now. you.: thank brian egger with bloomberg intelligence. coming up, fed chair janet yellen is getting lots of advice from her counterparts. what some fed officials are saying today about a future rate hike. ♪ david: welcome back to the bloomberg market day. i'm david gura. it is a busy day for federal reserve officials. the bank of america pres

that is typically when visitor arrivals spike in macau. let's hope that is true because it has been a rough ride for the house. it is also typically one a lot of people leave with empty pockets he comes the house would always win. that said, it has not been good. drop in gambling in september. start ofght at the golden week so casinos are hoping that chinese taurus feel the casinos because it has not been as did the is here and analysts are looking for any sign that a recovery could be forthcoming. have a look at this. is ai have for you here comparison between september. it gives you an apples to apples comparison of last month compared to september over the last four years. we are certainly nowhere near the peak of 2013. it softened into 2014, then things went off a cliff. as you would expect, and this is not a surprise, casino stocks are getting absolutely hammered. most analysts are still reluctant to call it the bottom for the industry. cow, butto be a cash it is still very soft. it has pushed some of the junket operators to warn that

october is looking like a winning month for casinos in macau.er of chinese visitors to the city surged more than 16% in the first three days. more than 427,000 arrived for the national weeklong holiday. 16thg revenue fell for a straight month in september. let's check on markets in the asia-pacific. australia leading the way. 1.8% higher. we've got kospi, nikkei also following suit here as we take a happening at what is , including the rba decision tomorrow and boj decision as well. china's turbulent stock markets have make global headlines and taken investors from elation to depression this summer. we've got bloomberg intelligence director of research here with all the answers. thank you very much. nearly four months since markets reached that peak in june. where do things stand now in comparison with the rest of asia? >> it's fascinating. thee gone from china being most expensive market on a multiple basis to one of the lowest evaluation markets. you can see through this chart, we've got an interesting development, where the overall market cap

a brand new casino just opened in the small country of (muh - cow) macau. we'll shwo you why the timing couldn't be worse in asia's las vegas. 3 3 a cold front will continue pushing through the area this morrng, and weweay see ght drizzle especialal east, but the big story today will be the strong northwesterly winds gusting up to 40mph at times. those winds and clouds will keep our temperatures in check. look for highs to top out in the upper 40's. for the rest of the week, we should see a slow, steady rise to temperatures into early next week. 50's are expected for thursday and friday with the 60's expected upcoming weekend and early next next chance of showers friday night. for trick-or-treating saturday evening look for partly cloudy skies and temperatures in the lower 50's. 3 3 here's what 3 we're talking about on facebook this morning... we have a story about some jump ououof a plane?3 3 americans are a bit worried about the job market and a new law lets canines dine al - fresco. marlie hall is in new york with our c - b - s moneywatch. 3 americans ar

measures for macau in the industry.ynn resorts is getting a huge lift. this is a stock that the 21 trading days in september was down on 15 of them. we are seeing a bounceback affect in addition to more encouraging news out of macau. mark: the second best-performing stock, whole foods. indeed, it's one of the best performers in the s&p 500, up 6% right now. take a look at my bloomberg terminal. first of all, you are looking at the 50 day moving average for the stock. we're getting close to breaking above that level. certainly attest to that level. dsv.hing else, the this is a social velocity monitor. if it detects and uptake in social media mentions, you get one of these alerts. you can see it charted here on twitter, seeing a lot more mentions of whole foods. seem to be't anything fundamentally that explains the increase in the stock. certainly a lot of commentary on it. it is color coded in terms of whether they mentions are negative or positive. definitely a lot of chatter and speculation surrounding whole foods, eve

it is all of macau., macau revenue that we generate from gaming is always going to be much much higher. therefore, for us it is imported to follow in the footsteps of what the government wants. there is a time, point of differentiation. ultimately, casino gaming will be the financial engine. without that component, we would not be able to build these fantastic stocks. >> he mentioned that you built all the boxes but only got two and 50 tables. what does that signal to you? rate,en the annual growth we are happy. there could be worse scenarios. >> how was the impact on your projection? >> there were a significant impact. least three years ago. at the same time, we build for these properties for 20 years down the road. we're very confident that given what we are offering here, and the fact that it is so different, it'll be a success. market will come back. there are some macro forces. they are not targeted specifically at the gaming industry. ultimately, it is our biggest customer base. china is going thro

angie: macau was shut down. macau is gaining entertainment businesses, and get shows that there is some long-term prospects. angie: what is your outlook for hong kong? >> it looks strong. it will remain an important financial hub for china and the world. angie: what does 2016 look like zanga --luxury retailers? >> when you make a mistake, you have to admit it. for 2016, i am more careful. i plan may be small increase, a single-digit increase, but you i would prefer to not be too bullish. not use our market expansion too much because we want to keep doing the right things. i see 2016 as a year of gradual amounts. angie: and you remain committed in china? guest: we remain very committed. china is our number one market outside of the states. we will keep investing in china. those are beautiful suits. mr. zenga in hong kong. coming up next, vw says it will take years to clean up its admissions mess. we will talk about the scandal, first up back into bing. -- in two. ♪ angie: checking other stories making headlines.

we're in a ferris wheel on top of studio city macau.ittle bit nervously on this glass floor here. casino owners are hoping this ride gets others into the door. the rattle of the roulette wheel is not quite as loud as it once was. high rollers just aren't showing up like they used to. in a place like macau, as go the casinos, so goes the local economy. a big reason for that, the ongoing anti-corruption campaign in china. xiping has made it five times larger that las vegas. but the government wants the resorts to offer more. >> 95% of the space is for nongaming. >> studio city macau offers rides, shows, even a ferris wheel. he says that's the way to tap into a growing chinese middle class, but admits there's no long-term future in macau without gambling. >> gaming is the component. but the government has put strict limits on the number of tables each new ka anyone casino can have. prepest rouse, he fumed. in my 45 years of experience, i intended receiver seen anything like this. miss anger came as wynn had a revenue decline of nearly 40%.

let's get out to macau. emily is here. we're also expecting a celebrity studded gala in a few minutes. >> that's right. susan we're here in studio city just next to the red carpet at the beginning of it, in fact. and the vips and the celebrities just starting to trickle in. 600 invited vips are expected to walk through tonight and big hollywood a-list stars, brat pit, leo decaprio all expected to grace the red carpet just behind me. this is all for the $3.2 billion opening of studio city and the grand opening ceremony will take place at 7:30 p.m. local time and that's in about an hour and a half from now. now of course this casino resort boasts 250 new gaming tables. 1600 hotel rooms but the strategy, the focus is on entertainme entertainment. they have a batman ride. asia's highest ferris wheel as well as the warner brothers fun zone. of course they're opening at a weak time in the market where we see gaming revenues continue to decline. in fact for 16 consecutive months but they're not worried. this is what he had to say

macau casino shares, take a look at the numbers.entertainment leading the way in terms of the hang seng. those chinese shares traded in hong kong, they are nearing a bull market, if you can believe it. insurers, another story we want to watch. we have china reinsurance debuting in the hong kong market , that stock is up 2.7%. that is a nice performance. analyst say the company faces competitive pressure from new entrants to the insurance market. -- a quick check on australia because commodity prices have been in focus. bluescope has matched an offer from cargo. it is buying cargo stake in northern star. minerals up as well. tokyo, back from the lunch break. panasonicand hitachi, up 7%. same for hitachi. beatting profits, they forecast and the stocks are doing quite well. sony is also up on possible dealnews involving the toshiba image sensor unit, that would be $160 million deal. there are still some bright spots in this market. yuan set to come under further pressure. let's bring in our fx reporter who joins us live from singapore.

there could be stimulus efforts to try and raise tourism and macau -- in macau. the cutting of the auto sector tax. things.osit boosting play catch-up to those gains we saw on the region yesterday. australia kicked by health care stocks. if all from telco. in japan, it was a bit of a flat session. jonathan: thank you very much. that is what is happening in markets. first up, it is jobs day. will the fed get the green light to hike interest rates? then emerging markets are a leaking ship. will e.m. capital flows turn negative of the first time in almost 30 years? cameron meet in paris. could syria casting long dark shadow? it is jobs day in the usa -- $201,000 -- what should be focusing on this report? caroline: what the numbers come out of. 200-1000 jobs expected to be added. will we see that number living up to expectations? i have theme saw manufacturing not living up to expectations. the unemployment and that manufacturing. could that be a drag. the private payrolls underwhelming the markets. will we get more added for september back oh that is 200-1000.o be t

that was third-quarter results .or ocbc coming to macau for the opening of the new $3 billion studio city resort. robert de niro, leonardo dicaprio graced the red carpet along with james packer. it is hoped the venture can revive the fortunes of macau and .uer gamblers back revenue has slumped 36% so far this year. next, great expectations. what are economist expecting from this week's fed policy statement? we will discuss that and more when we return on "first up." ♪ , retailreaking news stores across the country there in australia. after ite falling most cut its full-year profit. some action therefore -- there ck smith holdings after cutting its full-year profits. other headlines around the world, beijing morning it will take all measures necessary to defend its territory after u.s. warship passed within 12 nautical miles of one of its man-made reefs in the south china sea. the foreign ministry said the voice threatens what it calls indisputable chinese sovereignty , endangering staff on the regionald threatening peace and stability. the u.s. defense department said the patrol was

angie: macau is also slowing down. there are other things that affect the market.t is moving from gaming more to entertainment business. i think it shows that there is some long-term positive prospects. angie: what is your outlook? >> i think hong kong will look strong and remain important, i believe for china and the world. angie: what does 2015 look like , but fornly zegna luxury retailers? >> after having been wrong with -- you have to admit a mistake. we have been to bullish, we have for 2016, more careful. maybe a smallplan increase. a single-digit increase. but you know, maybe i will plan some countries flattish. i prefer not to be to bullish. -- too bullish. we will not reduce our marketing. we want to sustain the brand and keep doing right things. ic 2016 as a year of gradual rebound. angie: he remained committed in china? committed,n very china is our number one market. we will keep investing in china even through a challenging time. thatad: get more on interview anytime anywhere on our website. or you can download bloomberg plus to your mobile tablet. it

macau hit back at steve wynn's criticism of policy.plained casinos were not told how many gaming tables they would be allocated, sing the policy is outrageous and ridiculous. the macau government summoned casino representatives and demanded total compliance with the rule. already battling pollution in , aonesia, a new blow jakarta-based retailer says it may not be able to service it that -- it's debt indefinitely. it is the asian destination of choice for companies. next, at, coming up rookie, a mistake, and how $6tsche bank almost lost billion. all the details win "first up" returns. ♪ angie: all right. the skies are a little clearer over the lion city as the air pollution index drops to 129 from 191 overnight. on your tv, on your mobile, and online, you are watching "first up." ♪ the top stories this hour, morgan stanley fell 5% overnight called thethe ceo worst quarter for -- [inaudible] } third-quarter profit was $.42 a share, missing the average estimate of analysts surveyed by bloomberg. asian tumbled in extended trading after sl

china is setting stabilizing methods for macau's economy.e sort incentive inducement for people to do well, spend money. if they can keep that is something that people aspire to, it keeps the economy going. vonnie: what is interesting about macau is it had been a dead serious gambling hub. that is changing a little bit now. the entertainment aspect of it. glencore shares rising but there is news. we are that a sovereign health fund of singapore has interested -- is interested in buying a sector -- we hear japan might get involved but we know that glencore could be looking to sell that business to reduce debt, or sell a stake in that business. mike: this is something glencore was discussing before the stock went earlier this week. because it could bring them 10 and a half billion dollars, investors seem that is a good boost to the company's balance sheet. vonnie: glencore depends on leverage to a much greater extent than some of the other miners. the underlying commodity dropped 5%. the leverage ratio can skyrocket very easily. at 96.he stock

on the backs of revenue shrinking in macau to one third. call when tempted earnings to blast china saying that officials still not have not told him how many tables he will get when his new resort opens in may. he says this makes the planning, hiring and training very confusing. back to you. what is happening in the markets across europe and in asia. here is today's show. european car sales speed up but volkswagen is on the back foot. ben cameron takes on brussels. the u.k. prime minister says he will put his list of demands on paper and weeks and federal disbelief, should investors really be doubting team toy 15 results -- 2015 results. european car sales gained for the 25th straight month since september rising 9.8% but european market share slipped in the wake of the emissions testing scandal. for more, let's bring in chris writer in berlin. everyone will wake up and read that headline and think it was pretty germanic. it wasn't -- dramatic. it wasn't, it was subtle. the question, is there more to come? reporter: that is the big question

there is also expectation that beijing will ask to boost the economy and macau. cut national gas prices as much as 30% to encourage the use of greater -- cleaner fuel. sources tell us the move could come as soon as next month. india is looking at d regulating the price of gas and fuel. producers have been calling for change, saying that the course is too low for production. and sinopec is getting approval to build a $20 billion gas pipeline across china. it is said to have an annual capacity of 30,000,000,002 big -- 30 billion cubic meters. there is no timetable yet. city, propertyk developers have been the guiding principles for the past few years, but the man who sold manhattan's most instance of apartment has a different strategy -- most expensive apartment as a different strategy, lower prices and exclusively asian buyers. the yvonne man has more. what is the strategy about? yvonne: it's interesting, because if you have heard of leaners row in manhattan -- billionaire's row in manhattan, these towers run for tens of billions of dollars. and gary barnett ignit

ist they are doing in macau so up in the air right now.int of how many people and how much money is being spent, but now the chinese government has put -- it is on and speculative regulation that even steve n gyuen came out and said we don't know what is going on there. i looking to buy next week's 48-46. and expires on wednesday. to dollar max on that, all i can loses $.40, i think the whole china situation is going to not knock it back down. julie: we will see if they have choice words for the chinese government. thank you so much, scott bauer of trading advantage. nextll be watching those week. more "bloomberg market day," after the break. >> welcome to "bloomberg market day." ♪ from bloomberg world headquarters in new york, good afternoon, i'm alex steele. tgif. here is what we're watching this hour. janet yellen airing on the side of angels. plus, banks that have funded much of the oil boom have so far escaped the oil bust. find out how banks are still making money off of those deals. >> forget the polls, the all-important presidentia

gaming and macau is actually down for 16 consecutive months.nna: let's take a moment to have a look at what is happening in commodities. there has been a big story. here is the oil chart, the wti oil chart. we had interesting volatility in yesterday's session. i want to point to this area here where we have not moved all of that far from 45 and 50. generally speaking, fairly range bound for the oil price. jim rogers was picking up on this, the famous analyst, talking about how oil is holding at $45 and managing to ignore bad news. we had bad news -- in terms of oil price -- surrounding the iranian conservation to global energy markets in september. we continue to see stockpiles increasing in the u.s.. jim rogers sees this as a potential sign we could move higher. that takes us on to conversation we will have about commodities later. we will be joined by a an australian government minister. he is the minister for commodities, josh frydman berg will be joining us in about 40 minutes. we will discuss whether that economy sees itself as a energy su

you get slapped down by macau and chinese officials. the stock down 6%.ome of the details inside that meeting on sunday between wynn and some of the macau officials and what the trade is at this point between the casinos and macau. >>> it is expected to be one of the hottest ipos to hit the market, we are talk talking ferrari. >> this is one of those ipos where many people will want a piece of t let's remind what is going to be happening. 17.2 million shares priesd between $48 and $52. final pricing tomorrow, first trade on wednesday morning. from talking with people on wall street, oh, yeah, they want a piece of ferrari. >> it's a tremendous asset that performs throughout the market cycle. there are not many assets like this. i do not think albertsons or any of the other ipos are close to the quality of the brand or can perform throughout the cycle like a company like ferrari could. >> that's the ipo. what's the implication for sergio marcione and fiat chrysler. they are spinning off ferrari. this is part of a number of moves that will ultimately net $5

the new resort opens in macau tomorrow.a could increase cooperation with general motors according to the ceo. the two companies worked together on fuel cells and they are in talks to expand cooperation behind that agreement. no decision has been made by either carmaker. year'sims to raise next sales target from this year's goal of 950,000 vehicles. volkswagens ceo will join german chancellor angela merkel on her trip to china. matthias muller will give merkel and update on the automaker's inquiring into emissions manipulation next week. toper will also meet executives in china as the country tries to limit the fallout from the pollution scandal. only about 2000 vehicles were affected in china. beijing has launched an investigation. those are the latest corporate headlines. i'm juliette saly. angie: let's take a look at what investors in the u.s. should keep their eye on this week. here's su keenan. su:bank the week ahead -- the week ahead on wall street will continue to approach the peak. twitter will and be among the 160 c

. >> casinos and the gambling enclave of macau are benefiting. wheregolden week in china employees get seven days off. the companies that run the casinos are up 5%, particularly good news for these businesses. crackdown on a corruption and the slowdown in the chinese economy. >> it is time now for the press review. nicholas rushworth is with us on the set to take a look at what the papers have been saying. you are starting out with a focus on the german press. >> the german magazine with the highest circulation in the country reporting the migrant crisis we have been seeing, the mass influx of people into germany could be as many as one and a half million refugees. this year. we saw in the summer a figure of 800,000 people coming in. 80you think that germany's million people, a percentage of that. there's a confidential government report saying such things as, 7-10,000 border crossings will take place each day in this fourth quarter. really extraordinary, the paper there reporting its concern among the government officials that there will be a pr

we are hearing that chinese visitors to macau surged. they account for two thirds of the total.e also seeing reports that the chinese government may help boost the city's economy. that is helping these stocks that have been battered in the past few months, in the past year actually, with revenue from gambling slumping for 16 straight months. shery ahn, thank you very much indeed. shery ahn mentioning what is happening with glencore. let me show you a three-day chart. there's the intraday. we're up 40% out in hong kong. how is that going to translate into europe in terms of the way the stock opens? let's talk about that. ryan chilcote is here with the details of why the stock is on the move this morning. a bunch of bankers, but the act unit seems to be at the central. ryan: there appears to be a robust number of buyers. we learned over the weekend that singapore's wealth unit is interested. in addition to the saudi's that we heard about late last week, in addition to that, a bunch of trading houses in japan of to be interested. even a canadian pension fund. there are a lot of buy

and all eyes were on macau. and revenue for chooip sands which oversees the macau casinos fell. net income cut in half down 47%. still executives pointing out that profitability did increase quarter over quarter. now the pay in there could be stabilizing. and also the retail malls have held up in the markets which is softer at the higher end. in the conference call, the chairman discussing what he calls one of his favorite topics. returning cash to shareholders. >> our industry leading cash flows, geographic diversity and balance sheet strength, enable us to continue the recurring dividend programs while reta retaining financial resources to invest for future growth and pursue new development opportunities. yeah, dividends. and yeah, buybacks. >> so sands hiking the dividend by 11% to 72 cents in the 2016 calendar year. they are committed to the dividend program and increasing them in the future as cash flows grow. in terms of other gaming markets in singapore, sands delivered a record quarter. also this was the best quarter in las vegas since the economic downturn with lodging

ash when he was present to the general assembly made trips, for example, to macau on the advise of thenese businessman, and made money as a result. mr. ash i saw just a few days ago, and he was being treated as one of the dignitaries, and now he's behind bars. >> just explain about this position. is it an elected position? one of the rotating ones, how does it work. >> one year they do in this post. it is a rotating position, the parliament has the job as president of the general assembly, but i think there will be questions about how the whole role is carried out, in particular the financing of the role. reading through the indictment against john ash it suggests he was the person who had sole control of the bank accounts. i think lots of questions here that will need answers from the united nations, and we're hoping we'll get a response from them soon. >> thank you, james bayes, our diplomatic editor in new york. >>> isil says it is responsible for two attacks in the yemeni city of aden. at least 15 people have been killed four of them soldiers from the uae. hashem ahelbarra has this

they have a new resort opening in macau tomorrow. together on fuel sales, expand cooperation. raise the china sales target. volkswagen chief executive will be joining angela merkel on her trip to china. he will give her an update on the inquiry. -- the company tries to limit the fallout from the pollution scandal. beijing has launched an investigation into the issue. blue scope shares, they had a good day. the australian steelmaker announced the cost cutting drive would propel earnings in the first half of next year. a lot of news coming out of bluescope. the acquisitions as well. >> that is right. they are buying half of northstar they do not own. it is the most profitable steel mill in the united states. the buying -- they are buying that for 720 million. here in australia, it is a different story. they have been shutting staff, -- shedding staff, 500 of them or so. they struggled to keep australia's largest steelworks up and running. it is a couple of hours drive from us here in sydney. they reach the deal with the union and the s

of a resort in macau today. leonardo dicaprio, martin scorsese, going to be there.ven possibly brad pitt. all stocks falling today, especially not go crown. galaxy entertainment all falling china and macau. they also talk about as jm holdings. government not doing enough and fast enough to support this turnaround that they want to have. the 16 month casino downturn that we have seen. they are hoping for better infrastructure and transport in the city. let's look about the boj meeting today. speculation that there could be a need for further easing. we've seen the yen strengthening. isnomists say this decision more of a coin toss. economists expecting the boj will add stimulus this friday. the boj willng have to adjust its inflation outlook. the boj would have to revise its deadline. again, less appetite for risk riskier. you're going to have to get were shot across their to do a little more batting. thank you so much. a couple of other lines that are coming across, from the afs this basf. , this makes for an interesting reading, they say the economic environment is

it was named the "star of macau."rge list -- flawless diamond in the world. >> wasn't something offered and he got interested? >> we presented it. the diamond spoke to him. carats.18 check our interview this evening 6:00 hongiers" at kong time. paints a grim picture for emerging markets. says malaysiauest and indonesia have the most to fear. ♪ angie: the sun of ferdinand a campaignlaunched for vice presidency, saying people are not concerned about human rights abuses under his father's rule. the grand supreme leader has ruled out talks with the united states because of what he has harms" to hisess country. eni said it would open the door to penetration of the republic. north korea is building up to saturday's 70th anniversary of the workers party. celebrations will be world-class, featuring thousands of ordinary citizens. however, there are reports that kim jong un has ordered the biggest ever show of force, which may include missile launches. begins its annual meeting in peru tomorrow on the back of the cut in the gr

the macau casino stocks remain under pressure. there is a 1% drop for galaxy entertainment.s we look across the asia-pacific, and back to london. amazing with more than half of those china home sales improving since may. that is falling on the back of u.s. data. let's talk about markets closer to home. equities rallying across europe. draghi says he left investors little doubt he is ready to employ stimulus to boost economies. now the prospect of more qe saw the euro dropped to seventh against the dollar. mr. draghi flagged the downside risks to growth. mario draghi: well your area of domestic demand through test concernsesilient -- over growth prospects in emerging market, and possible repercussions for the economy from developments in financial and commodity markets. continue to signal downside risks to the outlook for growth and inflation. the degree of monetary policy accommodation will need to be re-examined in our december meeting, when the new euro system microeconomic projections will be available. the governing council is willing and able to act by using all of the

gaming attractions than the rest of the integrated resorts in all of macau combined. time to review new test the revenue we generate from gaming is always much much higher. it is important to follow in the footsteps of what the government wants. as a point of differentiation, ultimately casino gaming is be the financial end. without that component we wouldn't be able to build these amazing fantastic things. tables out of50 the 400 you wanted. what does that signal to you, given the environment and annual growth rate environment. happy because there could be much worse scenarios. significant impact in terms of the model we are looking at. at least two for three years ago. we built these properties for 20 and we arethe road very confident given that what we are offering your so different it is going to be a success. there are some macro forces causing this. they are not targeted in the gaming industry. ultimately the customer basis china. china going through its own challenges right now. still the bestis graphical location. >> how concerned are you that this refugee cri

. -- in macau. welcome to first

and this bullet that almost took my life in macau. she's all yours, guys.

that week holiday gave a boost to macau casinos, gaming revenue much higher than expected. the mood weighed down here in asia by the fall in crude oil price. guy: juliette, thank you very much indeed. let's talk about the roves the day. t's going to be a busy week. anna: we've got a number of points to tell you about. in europe, u.k. inflation -- and out 0 out of of germany, the zew data at 10:00 a.m. u.k. time. guy: do you worry about chinese trade data? >> i haven't had much time to worry about them, i've stared at them in the gloom. a lot of this will be a price affect. if you import raw materials and tick a chart up of year over year. where do i put this in terms of a dollar figure? 5:00 in the morning is early to work on that guy: but it's down. kit: down 240 from 300. that's more than a 20% fall. 10 you know, they're not as bad i don't think in fact as a die hard emerging market commodities bear would have liked them to have been. however, we've had a nice run for a week in commodity prices and emerging market equities, currencies, you name it. everything is better. t