world's longest cross sea bridge after seven years of construction the new link between hong kong macau in mainland china is finally complete beijing says the twenty billion dollars project will cut travel time in half the critics say it's blurring the border at a time of growing tension so a clock reports. it's fifty five kilometers long six lines wide before tunnels and four artificial islands the mega bridge between hong kong macau and china was built using more steel than sixty eiffel towers and is being held as an international partnership just a thought i was on the border with all we have included a lot of foreign experts from the united kingdom united states denmark switzerland japan and holland they are from around fourteen countries nine and china has set the road rules unlike in hong kong and macau traffic to drive on the right and tolls must be paid in chinese currency the project's been fraught with delays overspending even fight a lot since the charter is proud of the finished product inviting foreign media to inspect it we hope that friends from the present. us take this

macau gambling king stanley ho will retire as chairman of sjm holdings injune.itus, while his daughter takes over the reigns of the company. mr ho's corporate deal making style transformed macau from a sleepy peninsula with seedy gambling dens into the world's biggest casino centre. the younger daughter of the chairman of korean air lines has apologised for her "foolish behaviour", following media reports that she threw a bottle of water at the face of a manager of the airline's advertising agency. the family previously made headlines after the so—called "nut rage" incident, when her sister threw a tantrum over the manner she was served nuts in first class on the airline. let's ta ke let's take a very quick look at how the markets are doing. the stock markets have recovered somewhat. the markets have recovered somewhat. the market in hong kong is recovering. the positivity about company earnings has overtaken any worries about possible missile attack on syria. that is all we have time for here on the business briefing. up next, newsbriefing. we'll take you throu

they have mass gaming increases in macau they're looking at japan, making ahard play because everybodyhinks gaming will happen in japan. >> big interview coming up, contessa thank you. we'll hear from matt maddox later this morning on "squawk box. >>> just getting rolling on "worldwide exchange. on deck, we're all over the early market action following the selloff futures indicating another drop of 100 points at the open first we're going behind the wheel. phil lebeaueijing auto show what is attracting a big crowd here at the beijing auto show? this is the first time tesla set up a booth here at the beijing auto show. they're all coming here to see the model 3. we'll look at tesla's opportunity in china when "worldwide exchange" returns after this these birds once affected by oil are heading back home. thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home swho live within five miles of custyour business?-54, like these two... and that guy. or maybe you want to reach women, ages 18 to 34, who are interested in fitness...

i was the very first employee for wynn in macau. years and developed that first property going employee number one to the time we left when we had 7,000 employees. >> how much debt is coming on the balance sheet in the next 24 months >> hardly any. when we paid off the universal note, what was interesting was i decided ed td to equityize thet one of the beggest casino companies in china they came in and bought 4.9% of our company for $927 million less than a month ago. showing not only did the u.s. investors believe in what we're doing, but the china investors also believe in the direction. >> you said you start to reduce the noise level. sorry, ian while some of the noise is steve wynn departed was the company going to be potentially a target was there a concerted effort by doing those investments and raising the dividend all to say that's not on the table? >> i'll tell you what you don't do you don't sell in a crisis when stock prices are artificially deflated because of a lot of the noise that's out there, that's the exact wrong

they are from around fourteen countries mainland china has set the road rules unlike in hong kong and macau traffic to drive on the right and tolls must be paid in chinese currency the project's been fraught with delays overspending even fight a lot since the china is proud of the finished product inviting foreign media to inspect it we hope that friends from the present. us take this opportunity to see the new accomplishment of china in the new era and fresh progress of their own country to the twenty billion dollar project is part of a broader push by china to integrate the well with the delta region forty thousand vehicles a day are expected to use the bridge including shuttle buses running a ten minute intervals the travel time will be half a can use of less than an hour this mega bridge is one of two major infrastructure projects set to open in this region they fear the other is a high speed rail link between the mainland and hong kong by car being hailed as major transport links between the mainland and hong kong but critics say it's yet another attempt by china to blur the border the

he plans to refresh the original property in macau.ing is a big focus for them and he also which is onapan, its way to legalizing casinos, they spend a lot of time traveling to japan. he said he sees himself in the game there. yvonne: now that we have moved past the scandal with steve wynn, how has the resignation affected the company? recent data said the job applicants were as high as ever. bookings were up in las vegas, where you would potentially see the most impact of these allegations against the former chairman. from a business standpoint, they do not seem to be hurt. the question is, what regulators find. there will be another review on steve when's license. we will probably hear a lot more. the damage could potentially be a negative report comes out. this stuffard knew was going on and did nothing. yvonne: chris palmeri, thank you, to break down the wynn earnings for us. certainly a big one for wynn macau. a drive to impress the world's largest car market,. this is bloomberg. ♪ his is bloomberg. ♪ ♪ we are counting down to asi

of s j m holdings in june macau the largest casino gambling jurisdiction on the planet which years ago surpassed las vegas and gambling rez produced brings in more than thirteen billion dollars each year there are currently thirty three macau casinos including of the nation m.g.m. and when casinos and other casino related news we don't often have casino related news but billionaire investor carl icahn is selling the tropicana entertainment casino group for roughly one point eight five billion dollars the deal calls for gaming and leisure properties to take over tropicana real estate while eldorado resorts absorb the gaming in hotel operations mr icahn is assisted in renovations of tropicana since it. became an investor back in two thousand and eight tropicana own that operates eight casinos and resorts not only in las vegas and at lenox city but in indiana louisiana missouri mississippi and in aruba. the proportion of young adults who don't leave their family nest has steadily increased in recent decades and accelerated after the two thousand and eight financial crisis across education

world's longest cross the bridge after seven years of construction the new link between hong kong macau and mainland china is finally complicates but critics say it's billowing the border at a time of growing tension so a clout report some so high. it's fifty five kilometers long six lines wide for tunnels and for artificial islands to make a bridge between hong kong macau and china was built using more steel than sixty eiffel towers and is being hailed as an international partnership just a thought i was on the border where we have included a lot of foreign experts from the united kingdom united states denmark switzerland japan and holland they are from around fourteen countries mainland china has set the road rules unlike in hong kong and macau traffic to drive on the right and tolls must be paid in chinese currency the project's been fraught with delays overspending even fight a lot since the china is proud of the finished product inviting foreign media to inspect it we hope that friends from the present. us take this opportunity to see the new accomplishment of china you know a new

take a closer look at macau casino stocks. better than forecast in march, rising 22.2% on year compared to an estimate for 17% growth. galaxy entertainment group in gains up 2.5%. highrollers driving growth in macau and momentum on pent-up demand. given potential upside for the launch of its new hotel yet to be priced in. analyzed look at china, rising the most since march 19 in hong kong to snap a two-day drop. to china.es products sophie, thank you so much. let's talk more about these markets. joining us from singapore, peterson, a global strategist. i want to start off with this key technical support falling overnight. is dipping below the 200 day moving average. g #btv 339. , flirting with a 50 day, the 100 day, the worst of the year's rout. is this significant to you and does it suggest this is the start of another leg lower? >> always a pleasure being on. absolutely, the technicals are looking worse as you have shown. you even pulled further back. it really gets close to the 200 day. we close at about 10 of 2582. the 200

and finally, at the macau gambling tables, wynn is winning again.nese territory. 0verall, it swung to a loss of about $204 million largely due to legal costs relating to the co—founder‘s dramatic departure from the company. thank you to the update. the month of april is one of the busiest months of the year for tourism in japan. more than 2.5 million visitors arrive in the country in april of last year, many having to participate in what is known as the practice of viewing cherry blossoms. along is gaining japanese tradition of welcoming spring. we found one visitor who travelled to tokyo for this uniquely japanese experience. this is my 81, we lived here to 6.5 yea rs. every yea r, this is my 81, we lived here to 6.5 years. every year, we came it was something special but this is the first time a st kilda specifically to visit. my husband decided to retire and instead of trying something bigger and more, retire and instead of trying something biggerand more, we retire and instead of trying something bigger and more, we tried to put emphasis on expe

. >> ecology center in berkeley, until now at high risk of being deported to macau where he was born. admitted he was involved with wrong crowd years ago. >> convicted of armed robbery. >> served six years in prison and spent another year and a half incarcerated after i.c.e. picked him up. since his release tried to give back to the community, helping atrisk youth in berkeley. grateful that governor recognized the contributions and pardoned him. move that infuriated president trump. today on twitter he said governor jerry moonbeam brown pardoned five criminal illegal aliens whose crimed include kidnapping and robbery, badly beating wife and threatening a crime with intent to terrorize and dealing drugs. is this really what the people of california want? daniel recognizes president means him but says paid price and committed to giving back. >> new development, it's a huge load off my shoulders and opens up doors and opportunities for me. >> daniel credits the asian law caucus in san francisco with helping him get the pardon. governor brown granted 56 pardons including the ones with und

she's kinda in macau that he is going to include school particularly since he denies it i'm still on the wanted list you know of course out of the book the whole one thing this isn't your book to do that if the bulk of it workers so they now are good people who join the end of the skills but overstated opera house get into the big two need to take it with a fair bit of. it's. yes. sad but i love a young. girl. that's. sad but i love. this is the guys that make me a little. bit guys to do this upside down. which is always do what. you can you please she would be evil but he wouldn't. as you would to get rid of it because. it with a sauce in the solution. i can live on the love of my life. since we make each. oh because it. you do my peers are minorities and i know that ignaty can this. i believe is you can is with or without using it you know was no one gave way to research my right she would openly it was only gave that we should and course jaros of that even if one goes he lets us know at the societal level but without me keep up all my. enablers only somewhat related to us but it u

in macau that he is english would particularly since he denies it i'm still on the wanted list here of course out of the book the whole one thing this isn't over who can do that if the bulk of it workers so they know our group people who join the end of two skills both your stated opera house get into more debate we tend to need to take it with a fair bit of. yes. sad but i love a young. girl. being . sad but i love. the list of guys that make me a little. kid it guys did it with this. it's always do with. the evil but. as you would to keep it close. it with a source in the solution. i can know and the love of my life. since you make each. oh because it. you do my peers are minorities and i know that ignaty can this. i believe you can as with without using it you know was never gained by police my question would openly it was only gave the bishop and course jaros of that even if longer he let us know at the societal level but without me keep up all my. enablers ole somewhat related to us but it us was all ours my speeches are secure that is what is going on you have to. listen to the o

macau casino stocks in hong kong.out development in the middle east. we saw how the equity markets are down. oil, we haveng up been tracking oil prices. those missiles lovers area is not really the issue here, it's about the oil production growing . they say they would survive sanctions against the oil industry but when you take a look at oil, it has had a terrific run. we saw how oil rose to the highest in three years and it is recovering from its worst slump in a generation. his oil giving up its games today? haveeally -- hedge funds not been this optimistic about oil rising in a very, very long time. if you take a look at the longer-term view, and that is that oil will get $80 per barrel. we talk about $80 per barrel because it has been a long time but that may not be the case. there are some issues supporting oil $80 per barrel. in the u.s.,ook back to 2015, there is a potential spanner in the mix. related to the chinese island surging on plans to turn it into a free trade report in tourism hub. this is bloomberg.

the macau business is crushing it. you've had as much as uptake as you could have expected. the core business is great. anyone that comes on here and talks about steve wynn who's had some relationship with the man or knows a lot about the industry, talks about this guy is a lost los to the company. this guy's a visionary. >> the stock got hammered when he departed. >> to the success of this company has been the positioning of this guy and, in fact, to las vegas for that matter all over. >> the interesting thing, him leaving it raise the possibility of the company being sold. these actions by her seem like she's not looking to get it sold. she's looking to turn around, keep it. >> that was one of the reasons why i ran up and outperformed the other two names. different makeup versus macau versus vegas but wynn has outperformed 2-1 performance and i do agree with karen. even though i like wynn, the best name in the space, the whole space looks technically like it is due for a little bit of a rollover. i would probably not buy any one of them right now. >>> coming up, check out

with half an hour and also appearing to have lost interest in macau no polder second but with two minutes to go. of the bout it was too little too late of the lights it could only watch a spot in time celebrated setting an eight game on eight and run and leap frogging the hosts in the standings. is like six champions league dream fighting to live in the sun now will review the willpower was there but there were times when we punish ourselves which you just can't do at this level but six next opponents are relegation threatened minds who have a lot supply for next up one of the weekend's high flyers. changing sanchez the eighteen year old don't mean when they had the game of his life helping to wash away memories of last week's dobby loss to shock. i loved it especially coming from injury it's been very hard for me to get back into my team my fitness. work began great was simply too much to handle said visiting leyva choose his defense have. after seeing his i think shot perry said calmly slotted away as three balls from pakistan produce by to make it one nil to do things just the same. sa

they are from around fourteen countries mainland china has set the road rules unlike in hong kong and macau traffic to drive on the right and tolls must be paid in chinese currency the project's been fraught with delays overspending even fight a lot since the charter is proud of the finished product inviting foreign media to inspect it we hope that friends from the present. us take this opportunity to see the new accomplishment of the china new era and fresh progress of their own country to the twenty billion dollar project is part of the broader push by china to integrate the well with the delta region forty thousand vehicles a day are expected to use the bridge including shuttle buses running at ten minute intervals the travel time will be halved ikea commute of less than an hour this mega bridge is one of three major infrastructure projects set to open in this region they fear the other is a high speed rail link between the mainland and hong kong by car being hailed as major transport links between the mainland and hong kong but critics say it's yet another attempt by china to blur the b

truth is that most of the criticism is coming from people like paloma the center part of the ascent to macau teco who have the side that to throw the baby out with it with the bathwater that's essentially what they're doing and it's never a constructive conversation we're just a few months away from a presidential elections here and i think that it's very difficult if the conversation remains as it is that this has been a complete failure is difficult to build on top of that and that's what also i think half of the country worries about this specially if the party of evidence that gets into power here that they will just try to tear into pieces this accord and new is an opportunity for change in many parts of this country that that required at change starting with land tightly real rural reform right has been at the root of the conflict since the nineteenth sixty's property of the land in colombia as a race and i do feel in that you can get out of the at it seems to me sense that i am going to cause you there because that is something we will come back and check on when it is time for electi

. >> that's part of the risk if it gets yanged from encore boston harbor then macau will be pressuredfollow suit and so will nevada. >> it's going to be hard to detach completely from steve wynn. >> is the 9-year-old bull market losing steam they are unloading stock fund at one of the fastest paces in a decade $2.4 billion in mutual fund and etf outflows for the week ending april 18th it's the i go best monthly exodus since january of 2008 overall investors have pulled $67 billion oust stock funds since the start of february. more now from the kreef investment officer at independent advise or alliance and jamie cox joins us, manager partner at harris financial group with $750 million in assets under management. gentlemen, thank you so much welcome to "power lunch. jamie we look at the outflows as a sentiment barometer. clearly, people are getting more negative on the stock market is it negative enough that you see an attractive buying opportunity here >> i don't think i could characterize it as negative enough but i do believe right now is a good buying opportunity. we have had a very

it's increases of 17% due to its new property in macau.gest change to ipo rules in two decades here at firms with shares with different voting rights will be a love to go public in hong kong from the end of this month. here we go. this is the market open in hong kong. premarket down as the rest of .6% downside to the futures contract as well. that is what we have with regard to that. a lot of things playing out, not least of the concerns globally and whether earnings are sustainable looking ahead this year. let's tell you what we have coming up. having a look at shire pharmaceutical now in the sites of takeda. we will be checking the health of the pharma sector. ♪ ♪ rishaad: here we go. 9:29 a.m. right here at this wednesday morning in hong kong. p.m. tuesday evening in new york city. that is that few across victoria harbour on a day when we have seen 10 year yields in the u.s. reach that psychologically important 3% level, many scratching their heads as to what happens next. it is earnings season and people looking to what they have in th

. >> you need debate, healthy debate >> respectful debate >> las vegas sands good macau numbers. >> i thought you were going to say spirit airlines. >> i'm melissa lee thanks for watching. see you moowtorr at 5:00 for more >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money, my job, not just to entertain you but to teach you. so call me at 1-800-743-cnbc or tweet me@jimcramer how do you approach this bout. nasdaq increasing. is this a tradeable low? is this a more placid opportunity to do some buying? buy, buy, buy, buy, buy, buy, buy! frankly, i'm not quite that sure we can't keep rallying the ratio to down buying to upbuying was 9-1 my "squawk box" co-anchor always counseled me that 9-1 up was a signal that a selloff was overdone it was a great lesson for me, and it sure worked like a charm with the bounce o

any shift in gambling policy could threaten the $33 billion casino industry in macau.4 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am ramy inocencio, and this is bloomberg. betty: let's get more on what we should be watching as trading gets underway over there in asia. the global markets editor adam haigh has more. looks like traders as mentioned earlier are taking the syrian strikes in stride here, not letting it affect the sentiment too much. does that mean there will be more important factors to watch out for? adam: indeed. i think the sentiment this morning is really this situation is contained. clearly there will be sanctions towards russia coming from the u.s. and the u.k. and maybe some of the other allies, but from a risk sentiment, market point of view, we are getting a tick higher in u.s. futures. the nikkei futures in tokyo have picked up higher as well. it is not a broad-based risk on move, but it is not any kind of shift or a safe haven position. the yen is weakening, fitting the pattern of people wanting t

macau casino revenue beat estimates in march, underlining the city's recovery from the crackdown on luxurythis game at $3.2 billion last month, rising 22% and topping forecasts of 17% increase. to the middle east, israel is threatening to use greater force to suppress protests in gaza, rejecting accusations of firefighter -- firepower that left people dead. the protests were meant to traumatize their plight as refugees, but israel said they were covered to set bombs. a muslim leader described the killings as a massacre. china's first space lab will crash back to earth later monday but scientists say it is unlikely to break up completely before hitting the ground. it was launched in september 2011 and is smaller than more international space station spear the main structure will burn up in the atmosphere, and there is little danger of collision with other aircraft or of the lab hitting anyone. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am ramy inocencio. this is bloomberg. ♪ thank you so much. presidents and remaking -- takin

shifting gambling policy could threaten the $33 billion casino industry of macau.lobal news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. inocencio. this is bloomberg. ♪ betty: thank you so much. the trump administration imposing new sanctions on russia related to serious use of chemical weapons after friday's airstrikes were carried out by he u.s., france, and the u.k. ros krasny following all of these of elements from washington. let's talk first about the sanctions. expectations are steve mnuchin will be announcing sanctions tomorrow? ros: a very interesting comments from nikki haley. she said steven mnuchin would be announcing these sanctions on monday, but we have been working the phones today and have not come up with any details. it remains to be seen exactly what will happen tomorrow and if they will go ahead as she said. in one of the interviews she was less definitive that something may happen. then she came out on cbs and said they would happen. the treasury department as a rule will not comment on pending

but he was at high risk of being deported to macau. he admits he ran with the wrong crowd 20 years ago. >> i was convicted of armed robbery in 1995. >> reporter: he says he served six years in prison for his conviction and spent another year and a half incarcerated after i.c.e. picked him up from state prison. but since his release, he's tried to give back to his community by helping at-risk youth. his pardon infuriated president trump. on twitter he said, "governor jerry moon beam brown pardoned five illegal aliens whose crimes included kidnapping and robbery, badly beating wife and threatening a crime with intent to terrorize, and dealing drugs. is this really what the great people of california want?" daniel recognizes the president is referring to him as the person convicted of kidnapping and robbery but he says he's committed to giving back. >> this is a huge weight off my shoulders. >> reporter: marianne favro, nbc bay area news. >>> still to come on "today in the bay," breaking ground and breaking history. the high tech new plan

macau casino revenue beat estimates in march.on last month, rising 22% and topping forecasts. day,l news, 24 hours a powered by more than 2700 journalists and analysts in more than 120 countries. haslinda: let's do a quick -- yvonne: let's do a quick check of markets with sophie kamaruddin. pretty quiet as we start the second quarter. sophie: we still have markets off for the easter break. when you look at the breakdown in the region, mostly higher in trading. in japan, the nikkei 225 is set for a day of gains. we have south korean shares gaining ground, the kospi up 0.2%. the korean won has jumped to the strongest level since 2014. as you pointed out, a mixed picture coming through, especially when it comes to southeast asia. stocks in jakarta gaining ground. malaysian and thai stocks under pressure. some pessimism after soft pmi readings for march. inflation in taiwan missed estimates last month. how about stocks on the move this monday? sophie: let's lick -- look at the breakdown on the terminal. seoul, good degree in -- korea

macau casino operators rising after offering the profit which is finding support after j.p.organ upgraded its stock to overweight. hyundai voter group companies are gaining ground amid reports that management is seeking higher dividend payouts. manus: thank you very much. china's gdpchina's gdp group 6.e headline number. robust consumer spending, economic expansion. retail sales up more than 10% in march. industrial production which is g support after j.p. morgan group 6%.ts stock to tom mackenzie is on the ground for us in beijing. those are the headline numbers. what the world wants to know is 6.8% sustainable? that is the question. analysts seem to think that in fact we will get a softening of the growth picture going forward for china because you have had this domestic demand being the force of the picture. that are number of factors including the property sector which could weigh on the growth outlook for china going forward and some of priorities laid out by the government in terms of tackling debt and poverty and pollution. a strong number for the first quarter but po

. >> you need debate, healthy debate >> respectful debate >> las vegas sands good macau numbers. >> ihought you were going to say spirit airlines. >> i'm melissa lee thanks for watching. see you moowtorr at 5:00 for more >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money, my job, not just to entertain you but to teach you. so call me at 1-800-743-cnbc or tweet me@jimcramer how do you approac

with a victory over the new jersey devils on saturday tampa bay eliminated new jersey in game five macau circuit at nineteen years old and three hundred days became the youngest player and franchise history to score a playoff goal giving the lightning the lead in the first period three one the final result as they closed out the series a four one. they'll need to wait a little longer to find out who progress is with them the boston bruins failed to clinch their series with the toronto maple leafs a four three loss on saturday means the series is now at three two. now drama unfolding qualifying for moto g.p. is grand prix of the americas while the champion mark marquez was stripped of pole position and handed a three place penalty for slow riding he was accused of trying to disrupt compadre at mavericks in ya'll as mark has also slid off the track during the stage for the ahl as will instead start from pole position for sunday's race in texas. that has all those poor fanaa more later marty taylor thank you very much indeed and thank you for watching this al-jazeera news hour don't go anyw

. >> questlove: 8-5-3, macau! >> steve: and now, here he is, jimmy fallon! ♪ [ cheers and applause ] >> jimmy: wow! [ cheers and applause ] that feels great, i love you, everybody. welcome, welcome, welcome to "the tonight show." thank you for being here. welcome, you made it! [ cheers and applause ] you're here. hey guys, guys, big news, 4/20 is just two days away. [ laughter ] [ cheers ] though, if you're the kind of person who celebrates 4/20, something tells me you're not waiting until friday. [ laughter and applause ] you know, i just, yeah -- "don't light it!" the tax deadline was extended by 24 hours yesterday, so if you haven't done your taxes yet, well, you're too late again. [ laughter ] sorry i -- you had all day. you had all day. guys, claire danes is here tonight! [ cheers and applause ] i love claire danes. [ cheers and applause ] letitia wright is on the show tonight. [ cheers and applause ] she's great too. she played a gadget expert in "black panther." it's -- it's nice to meet a a tech genius who didn't spend the last two weeks testifying i

investors -- analysts, i should say are scrambled to adjust their forecasts for wynn macau.us: juliette saly there with the latest on the markets. theear bond yields in united states crack the 3% levels for the first time in four years. that.reflect on this is the chart i started the show with. this is the rising tide that lifts all boats. global bond yields are on the rise. welcome to the show. we have run the numbers and spoken to the analysts. 3.15% by the end of the year really? is that as high as the estimates are, that is not a dislocation moment for markets. mike: i agree with you. i think we could see bond yields higher by the end of the year. it is unlikely to be dramatic. several factors suggest bond yields won't move too much higher from here. we are seeing a lot of lead indicators suggesting inflationary pressers are starting to build. that probably does take bond yields higher. i think we go 325 i the end of the year if you look at the survey, three and half seems to be the threshold where managers would be more concerned about equities and start to see u.s. tre

after convincing is three one win over kazakstan world number three martin challenged the russian macau christian in straight sets to book a semi final clash with the united states in september. the thirty third edition of the marathon days or the marathon of the senses underway in morocco so hard desert is described as the toughest foot race on earth the sixty event sees more than one thousand competitors taking on a two hundred fifty kilometer course morocco's mohamed el more beauty beat out his brother rushed to claim a first stage victory while russia's and italian sidibe won the opening stage of the women's race. and north korea's capital pyongyang hosted its annual international marathon on sunday the race is part of the celebrations to mark the nine hundred twelve birth of north korean founder kim il sung read four hundred runners from forty three countries took part in north korea's. won the men's full marathon while his compassionate kim hi john won the women's race and that's all your sport for now more later. the longest river in asia has become one of the world's most pollut

trip: the gaming concessions in macau -- we think that is very important for them to not only get pasto prepare for that. as annk potentially wynn position target would be attractive to an asian gaming company or a domestic gaming company. alix: you also own apple, so i wanted to give -- get your take because we have got a lot of downgrades this quarter. why du feel confident? . trip: similar to wynn, it is a great brand. we believe there is a tremendous opportunity for them to return capital to shareholders. the biggest risk is dependence on the iphone. we would love to see more diversification. we will be watching closely to see if revenue increases this quarter and gets back on track. alix: how much patience are you going to have? trip: we are a long-term investor. we don't throw them out. we stick around for a while. even if it is rough this month, we will stick with it. alix: trip miller of gullane capital, good to see you. google playing catch-up. to going on a spending spree chase rivals apple and amazon. ♪ ♪ is "bloomberg daybreak." . a sigh of relief that we didn't mark.he uni

let's pull up the board to check in on macau gambling operators, especially after that long weekend.y entertainment gaining 1.5%. in on metal prices. i want to check in on the, rallying after u.s. imposed sanctions. seeing the potential impact on the russia curve when it comes to global supply. check in on chinese aluminum .layers including china the inclusion on the sanctions list may result in technical defaults in relation to certain credit obligations. it is a mixed bag so far this morning for chinese aluminum players. rish. rishaad: indeed. young -- lublue young with us. always great to see you. what is going on at the moment? we have got this trade issue really weighing on markets, and the risk, of course, being taken off the table to some extent. >> obviously, our trades get hurt. the stock market was hit. struggle.u know, 30,000 points the label at this very moment. hong kong. we have to fluctuate around this label for a few months. crises in thenor stock market. we don't know what's going on here. i guess we will get past this. rishaad: how are your funds doing? more to the

profits in the macau business falling short stock down 4% as we speak. >>> i want to bring in jim rogersgers holding . >> but probably coming, beginning later, crashes don't happen in one day. market will go up for a while. i'm optimistic about the u.s. stock market and asian stock market. it will go up, sometime later this year or next the decline will start in. it doesn't happen in a day. stuart, when i said it will be the biggest market downturn in my lifetime, that is not so strange to me. 2018 we had a problem -- 2008 we had a problem because of too much debt. stuart, the debt has skyrocketed since 2008. saying it will be worse in my lifetime, how would it not be? stuart: you're a debt bomb guy? the crash is coming, huge selloff is coming because of debt. you say, i asked you when, you kind of hedged a little. maybe late this year, early next year. and then i asked why, you say it is the debt bomb. that is your scenario here? >> yes. stuart, do you remember 2008 and 2009? that was because of gigantic debt. it is getting worse. it is much worse now. the federal reserve alone's balanc

gambling revenue in macau rose by 20% revenues still off the all-time highs seen back in 2014.this one affecting retailer lord and taylor and saks. the parent hudson bay said they compromised payment cards used at stores in north america it did not say how many cards might be affected, however. >>> one big mover this morning, drug maker alkermes. you'll see that it has been down sharply. a drop of 20%. that's a decline of over 11 1/2 dollars. meg tirrell joins us with more on why. >> it has to do with the experimental depression drug the fda declining to accept an application on that drug there's not enough evidence to see whether the drug works and it wants to see additional clinical trials. that's off a market cap of $9 billion for alkermes the company saying it strongly disagrees with the fda's conclusions and it plans to appeal the fda decision. it will request a meeting with the fda to determine appropriate next steps the decision from the fda comes after three late stage phase 3 clinical trials that it ran. the company did decide to apply for approval there are other shar