we recently opened morpheus in macau. that took years to build.ying to build something that's better and that's cooler. those are traits the government will be looking for. yvonne: i know you said you've been to tokyo maybe every other week now. can you give us more detail about the meetings happening now? which companies are you speaking to? are you interested in partnerships? we're definitely looking at a partnership for japanese, because even without the need. ultimately and japan, a lot of consensusbuilding and you need stakeholders. given the sheer magnitude of these projects, it's important to get the buy-in from chamber of commerce is, association, small medium businesses, the local community. in macau and manila and even cyprus, where we have up presence, we always work well with local partners. we started as a company that started between myself and crown from australia. in terms of working with partners, we're in the best position because traditionally and the gaming world, partnerships have never worked. m elko, we've had some of the be

into an international powerhouse that might have been naed namme macau sands.y were still dazed that we had had such a horrendous decline to begin with. they weren't thinking of macau here the chartists were thinking there is buyers lurking. volume is another key tool they use that to spot pivots we often say that volume is a lie detectors, telling us whether a move is for real or not. when there is a small move on light volume, the technicians ignore of it but when there is a small move on heavy volume, the chartists drill down to see if it's something bigger and infinitely more tradeable they're looking for accumulation on big volume, meaning big money managers beginning to accumulate stock in an aggressive way or distribution that's a synonym for selling of a stock. and that could telegraph a big decline. they measure the moves by something called an accumulation distribution line. when the calculation of the accumulation distribution line is arcane -- i know it is, charting whether a stock closes higher on greater volume versus lower on low volume, any will

addison he's a journalist at the national newspaper either macau can you explain to us what is going on here with these new laws which seem to target particular parts of denmark . yes sadly it's. twofold first of all the government would like to win the coming elections next year and cracking down on. lack of immigration is certainly one of the things which endangered politics has been consistent throughout the last couple of elections and furthermore why i think there are. real creedence about the lack of employment and the lack of ability to speak and my definition in the current relevant areas which are targets in the i mentioned the word ghetto and it's something that malema who do want also tweeted to us about let me show you a tweet and she says the word has a lot of things conception it alludes to an up and space characterized by the criminalization and stigmatized nation of the people who live in these spaces is this wilson translation or politicians in denmark actually using the word ghetto. oh my gosh suddenly using the same it has perhaps some of the same kind of patients

listed casinos with interest in macau had a bad day as revenue fell short of estimates for a second monthn a row. wynn resorts, las vegas sands, and in gm tumbled as the territories gross gaming revenue rose just 12.5% in june. that's well below expectations of 18%. kittitas have been betting heavily on macau, but china's on the allow gambling island of hainan is hurting expansion plans. the firstrace to be trillion dollar company has to the front runners. apple came within $50 billion of the magic number in early june, but amazon is coming up on the rail. at the beginning of the year, its market value was 50% less than apple's. this year alone, amazon has ofed the equivalent walmart's total value. remy: a push by the distributor jim beam to persuade more indians to drakensberg and has left the company with a hangover in the u.s. the company has agreed to pay was an $8 million to settle claims that broad indian officials for years. made illicit payments to win licenses in the highly regulated sector to secure prominent placements on store shelves. paul: bloomberg sources say a unit of a s

for taking the time to speak to us this hour executive director at the rum paul institute's done in macau tim's. facebook has shocked the art world by banging on for ties ing featuring the works of the flemish artist peter paul rubens and society delves into the controversy. full centuries these were considered priceless treasure as an masterpieces and now that contentious well according to facebook it appears the platforms take box approach to ads means that console the difference between art and pornography annoying art galleries and museums all of about open up from visits one does to mark zuckerberg about ruben's breasts we have noticed that facebook consistently rejects works of art by paul reubens even though we secretly have to laugh about it your cultural censorship is make your life for all the difficult flaws in the append that to add to the facebook see they've even also a big to discuss the matter. so what is the seventeenth century artist well his baroque style paintings of famously known to feature nudes and cherubs sometimes delicately draped with cloth but this autistic ta

macau ka sigh noah operators seing a day of red, m.g.m.7% after revenue getting hit hard last month. david: thank you. breaking news wherever you are, bloomberg on twitter launched tictoc by bloomberg, the first network designed for social media. this is bloomberg. ♪ david: all right, here we go. it's that time of the day for battle of the charts and in the blue corner you can see of course garrfield, our not so friendly neighborhood cat /grizzly bear reynolds. on the other corner, mark "the ull" cardmore. it's the founges have a look at the charts. let's get started with mark. mark: my chart is just a simple panel showing the best p-ratios of the shack high versus the s&p 500. there's always didn't count for inese shares but chinese shares have cheapened significantly more than u.s. shares. the chinese economy is growing comfortably above 6% while the u.s. economy struggles to achieve 3% growth. the chinese economy is growing twice as fast. on top of that, not only are p.m.i. ice strong, but the satellite information and p.m.i. data is va

. >>> shares of wynn resorts took a hit last month after macau income took a plunge. after the bell, herman miller said a rise in orders across all divisions helped over all sales rise and top expectations. the com rnysed its dividends 10%. ares of herman miller were higher and in after hours they finished the regular session up more than 1/2% to 34.45. >>> a newve ssays more americans are leaving their debit cards in their wallet. 74% of americans used them in 2013 compared to only 58% today as consumers now turn to credit cards and mobil payment options. jo ning us right is kimberly palmer, she's banking and personal financial expert. >> i gss digital technology is more convenient. >> people are finding they have so many more options now, other than debit cards and with the growth of mobil payments, they have soany choices that they're seeing less of a need to pull out their debit rd. >> know that everyone says that there's all sorts of a encrypti things like that, i'm a scardy cat. i still use my debit card. because i'm worried about security in mol banking. what k

this surf school and how is one of forty five in the peninsula done in macau ski has been a surf instructor here for the past fifteen years time and again he's asked what's it like out there today. is the day we've got the typical conditions you need to practice with a light breeze two to three on the beaufort scale beginners can get out on the wall to easily and those with experience can hone their skills. for beginners a particular hell has a crucial advantage over the atlantic the water in the bay is extremely shallow. even if you wait hundreds of metres away from the shore you can still stand perfectly dishes for anyone who wants to learn to wind or kite surfing. as a beginner you take one step and you're back on the boat you don't waste so much energy and you can serve three to four hours a day you improve much faster than in deep water. during the season accommodations on the peninsula are generally completely booked out. especially the best known com site hope a six which is popular with the surfers laidback and bahamian it pairs a hippy vibe with a bit of. the company site it's like

everybody betting their money on world cup and not the macau casinos. on beer if you're watching here in this country. we won't talk more about football. let's talk about the german political scene. angela merkel has halted the immediate threat of a government breakup. deal, holding sensors will be set up the german boarder. the interior minister, who had threatened to it, will remain in his position. angela merkel in her coalition live to fight another day. join us now, live for us in berlin. give us the latest. the overnight news comes from germany. good morning, it was another long night in berlin but this time we have a deal. angela merkel went into this meeting with a triple challenge. wanting to clearly stay in office and make sure her platform stay together. deal thatms she has a gets it done. out, the german government will now set out migrant centers along the border. the goal is to see who can stay and not stay. those who cannot stay will be quickly deported. bilateralannounced a deal with the austrian government. germany and angela merkel sta

so is the judge trade shows corruption my guess is to macau but that's all his reaction for the columnon los santos who takes good him a nobel peace price of things right back to the list goes mostly just from a good citizen but does he deserve conflict so for. the few. good deeds of the world's largest police organization interpol. in recent years has far greeted with antagonistic speech and speech businesses. are primadonnas influencing the super police. how independent are the international criminal police really interpol who controls the world police . in forty five minutes one d.w.i. . thank you. thanks for such a special. hour by hour thank. you our. violence is on the rise in colombia so is the drug trade so is corruption this wasn't the way it was meant to be my guest this week in the capital baghdad is the outgoing president of iran. who takes with them on nobel peace prize for helping to and latin america's longest running insurgency but does he deserve it.

corporations have millions tens of millions billions of dollars a day or disposal to fight and need to macau to attempts to make access you know available to everybody they also have politicians in their pockets they have political parties in their pockets they have now molded you to be is you know crawling all around slimy lobbies calling calling all around the city a city hall state legislatures in the u.s. congress and the white house reporting in washington d.c. dan cohen our t.v. . that's it for this time but we have lots more on tap for next time as part of our special look at the u.s. infrastructure deficit please join us you always catch boom bust on direct t.v. channel three twenty one dish network channel two eighty or streaming twenty four seven on pluto t.v. the free t.v. app channel one thirty two or as always hit us up at youtube dot com boom bust r.t. ok next time. you know world big partisan movie has a lot and conspiracy it's time to wake up to dig deeper to get the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming th

this is the fa function and you can see that macau, the yellow bar, is falling short of revenue.about 30,000 functions on the bloomberg, and we always enjoy showing you are favorites on bloomberg television. maybe they will become your favorites. here's another function you will find useful, quic. it will take you to our quick takes, where you can get important context and fast insight into timely topics. here's a quick take from this week. >> when you think about people who shape the world cup, pele or rinaldo spring to mind, but how about the american executive who admitted to taking bribes, partly as a result of his testimony in the wiretaps he wore? international investigations have led to the arrest and convictions of dozens of corrupt soccer officials, including blazer himself. >> once they got blazer, sat him down, they realized that, this is a monster. we have something big here. >> that is an author at investigative journalist who wrote this book on the scandal. in may 2015, swiss keys raided a five star hotel in zurich and arrested top executives from fifa. >> that

pepsico is up a stop, but you also see wynn resorts getting an upgrade due to the way performance from macauis stock is another one that got an upgrade from morgan stanley -- a downgrade, which has investors concerned -- autonation. lots of ridesharing apps are reducing the urge of our consumers to purchase cars, so it was a notable downgrading and --ir stock fell by a result as a result. also, pg&e dealing with a multibillion-dollar liability is issue, regarding the power losses in california. meanwhile, looking ahead to friday and jpmorgan, citigroup, other major banks -- let us go to the bloomberg gtb to this chart, this is a story about how jp morgan chase in the yellow, has outperformed all its peers after acquiring bear stearns. there is a view that their earnings per share are a lot stronger in valuation than a a lot of the others. it will we will be waiting to see how they perform on the , the earnings per share report, since the financial crisis, since it has been the highest. paul: we did see some weakness in shanghai, particularly biotech. what was the story there? su: well, there

you fold the rest, but what's counter intuitive, mgm has the least exposure to macau, that one you would think would do better going-forward >> yes, every time you bet on mgm to make up the lag, it never does maybe you take a flyer on mgm to close that gap now. >> these are stocks that actually think of the operators that are getting most of the revenue or growth coming from mccow is mccaw falling apart people get very worried about capital flows. i think this is a time where probably the currency and what's going on in china is a temporary dynamic as a result of the trade war. i think this is an opportunity but not tomorrow >> if the reference point is china, put it in the context of what it did in the '07 peak. it was $149. in the '09 low, it was 145 this is cyclicality at its best. we're bouncing around -- we're at 71 now. if one's worried about the globe and china, this can go as low as the imagination will allow i mine, mgm had the same thing, dropping from 100 to 1.70. sitting here in the 120 range. choose your own adventure with this stuff >> dan, what did you see >> wynn in parti

we've been talking about the slowdown in the overall chinese economy but it looks like the macau casinosre holding up quite well. more breaking news in terms of the ship side of the business in europe. the gross margin comes in at 40%, so's slightly below the consensus estimate. third-quarter revenue will rise by about 10% on the month. second-quarter net income a comfortable beat on the market estimate of 249.7. second-quarter revenue pretty much in line with what the market had expected. taiwan semiconductor saw lower capital expenditure. that's what they told us they were worried little bit about, capital expenditure going forward. we will see if there's any forward-looking statements. on the other side, we have clarion, one of those bellwethers. have a gone to a slowdown? we're hearing that from some of the reports. they have in with their 2018 outlook, confirmed with first cap sales. it's a beat on the top line on sales. net income, 211 million swiss francs. themfortable guidance for on the forward look of the market. we started the day with deutsche bank. we talked about the second

then there win reports still, wynn is down 43 points from the highs because worried about business in macau. i think wynn is way too cheap. i expect a single positive word from the president could send this up 20 bucks down 5, up 20? terrific risk we rest ward finally, the big shocker of the day. i'm saving the best for last the financials the fins lots of people believe that the banks were bound by a treasury yield curve that is simply not hospitable for making money to lending. however, today's stunning action suggests that china, china's been weighing far more heavily on the banks than we thought there is nothing like a big update to find out what's really going on, is there the rallies in jpmorgan, citigroup, bank of america, goldman sachs were so pronounced that you could only conclude that these stocks have also been caught up in the world trade woes that's right despite the fact of volatility from the ebb and flow of trade is good for the investment banks, it's clear that investors perceive these stocks as been levered to the global economic expansion. same thing goes for the regular

we spend over $10 billion in macau to build something amazing and awesome and the most technologicallynmentally sustainable, it's going to cost at least that in japan. hodi: that was lawrence speaking earlier. we're counting down to the opening of the mumbai session in about an hour's time. reliance industries will be in focus. the numbers are expected we driven by its petrochemical business and investors will be looking for clarity on the health and telecom and retail arm. what are the key factors for reliance this quarter? the company counts on this business for most of its profit and that wasn't done really well because of oil prices and demand issues. the margins are a bit low for reliance even globally. 4% netxpecting about profit growth. mostly driven by the petrochemical business which is the second largest and second-most profitable. india is the company's core market. another thing that will help them is the rupee. rishaad: what else are investors looking for? >> reliance is still a major petrochemical and refining company. the thing that interests most of the investors and an

macau up over 3%. hold.ock was cut to david: thank you. lots of individual members. bear markets surely undecided. a few days of gains. four takes us on the way back to march as far as the longest streak of daily wins. four does not sound like a lot. let's bring in frank, the head of asian equity strategy at socgen. pleasure to have you on the program. very nice to see you. i know it is hard to call it the bottom on this one. are there no indication that is bad sentiment? we can finally look at fundamentals, which as you point out, look not deliver decent? -- not stellar but decent? >> is difficult to call the bottom. one societies we have done is to earningse what kind of downgrade has been already priced in today's market. the offshore market. you look at the confidence. analysts are expecting 16% of growth this year. it is probably two much. -- too much. after we see what has been price it already. i see may be no growth at all. this is a little bit excessive in my view. theave been constructive on chinese market. it has maybe been a little bit early, but we find

analyst,rom an including they continue to have strong performance in macau. downgrade on autonation concerns that americans are moving away from buying cars to sharing cars. pg&e has continued to be under pressure on concern it will be found liable for wildfires in california. the biotech and tech stocks were under pressure. ebay under pressure on concern of the supreme court taxing online procedures -- purchases. facebook looking to be perhaps liable with the scandal at cambridge analytica. twitter continuing to take hits as they get rid of some of the boy were fake accounts -- the bot were fake accounts. bloomberg gtv is where you find charts. earnings on friday. banks, including jpmorgan, which continues to outshine its peers. a lot of focus on what they will have to say. after hours, we see the s&p futures dipping lower after four days higher. a lot of this having to do with the headlines that are coming out about this list of tariffs. we are hearing in some of the latest headlines it might take two months to formalize this process, but that is going to p