you don't have that in macau, you don't have that in hong kong.houghts on the position that the likes of hsbc and standard chartered find themselves in for backing the security law? choice?have a ronald: i find that very strange and responsible. to me, there is nothing wrong with the national securities law. i think -- i think it is there to stabilize society. that is what a business needs in hong kong. now, when you look at the hsbc has been in hong kong for more than 100 years. they have priorities and objectives. what are the objectives? obviously it is the return of investments. to use the preferred objectives and to carry out these preferred to support the national securities law. not saying anything untrue. on the contrary. they are saying they should becausein sl -- nsl, there is nothing wrong with nsl and it symbolizes society. is continuings and we suspend them all. i don't find that -- yes, haslinda? the new legislation is raising doubts about the independence of hong kong arbitrators. what does it mean for countries, especially to do wi

they had a huge debt raise out of wynn macau.they don't see a real lifting wynn is not a have there's no question that hospitality and gambling trends are not moving in their favor. >> everybody on this program, we're going to write a new show about a sharp-edged hedge fund manager going after casinos. we're going to call it stizillis or trillions joe pesci will have to have a role in it >> jack dorsey gave about $200 million of his own twitter stock to his employees it's incredibly generous, but it's also great business i think the employees really appreciate it. i think it's a really smart thing to do. >>> coming up, your eyes are not deceiving you, this stock up more than 120% year to date. and the ceo under the radar booming biotech play will join us with more and what has been fuelling that epic rally shares of under armour getting sacked will there be more losses ahead for the name especially if we don't have football in the fall on a pro level - at u.s. money reserve. we've helped hundreds of thousands choose the best prec

what does this tell you, when they hong kong and macau affairs office under the state council puts thistement out before you have even been officially charged, before there's a trial, before there's a verdict? do you feel you can get a fair trial here? >> i don't know. it's like you said, before any evidence, they just presume that i'm guilty. this is not the way the law is. i should be presumed i'm innocent. we have never supported independence of hong kong. i myself, my organization, my agree withnever those people who support hong kong independence. i always treat this as a conspiracy set up by the cpp to trap us in to give them an excuse to crack down on us. from day one, that is my stance, and i have never changed that stance. i think hong kong independence is something definitely impossible, and it is something that is ridiculous. i never support this, and i always say this is not what we should do, what we should try to the rights that we are entitled in our basic law, andh is universal suffrage the protection of our rule of law, private property, freedom of assembly, freedom of

the counseling capital of the world is reopening for business authorities in macau are once again issuing tourist visas for mainland chinese visitors casino operators lost $15000000.00 per day during the last time. one of the most famous names in entertainment 20th century fox is no more the company's t.v. studios have been renamed 20th television film studio was the ready renamed in january after disney for the bulk of rupert murdoch's media. meanwhile fox is launching a global streaming service for its news and business channels conservative leaning fox news is the u.s. as most popular t.v. news channel but so far has only been available to domestic cable satellite subscribers. uganda has reopened its national parks to help salvage its struggling travel industry while locals can visit the country's attractions and enjoys the fiery tour operators say to messick tourism cannot sustain the sector the industry is an important part of the ugandan economy with most of the $1600000000.00 generated last year coming from foreign tourists. the scope we're joining your view of what you saw in food

million, you had a situation where las vegas was pulling in three times the operating revenue asth macau was on the call, the ceo points out these baby steps that china is taking toward opening its casino destination. it just started issuing visas to chinese travelers, everyone was tourists it's burning as much as 2 million dollars in cash per day in just macau. they just furloughed their first round of workers in las vegas a couple weeks ago mattox says they really have to treat las vegas like a super regional casino because all their customers are coming in from drive-ins he said we're doing everything we can to put heads in the beds in this hotel. >> tim see moymourseymour >> it's nice to hear that the balance sheet preservation is a big start of the story we started to see the recovery in asia and then we started to see it peter out the cash burn is critical. the stock has been kind of basing around $70-75 ultimately i think that's where you are. i think there is long-term upside on the balance sheet especially as regionally if you think about this the commuter element of who actuall

. >> in terms of the rebound, and macau? in >> the drop is too significant bout 95% for several months. mac arch u's revenues are shooting up. and the news of recovery won't be that smooth as the economy is hit during the virus outbreak and social distancing is expected after consumers come back. and also there is one constraint and given the economy in china isn't doing that well either. and expect revenue to be to pre- covid revenue. >> great news for those stocks up by 4% in the quarter. thank you so much for that. still more to come. do stay with us. this is bloomberg. ♪ haslinda: it's almost 11:00 a.m. in singapore and hong kong. welcome to bloomberg markets: asia. china, hitting back at u.s. sanctions on hong kong, targeting republicans like marco rubio and ted cruz. beijing steers clear to people close of -- close to donald trump. son had: mush igo see record losses in may and a slump in his vision fund. that may change. hammered theic global economy, but it has been good for top glove. stocks have been on a rocket. >

all macau travel was shut down, they have yet to catch up. las vegas' market makes up half its revenue. mgm cutting 18,000 jobs. at the moment, the stock is higher by about 4%. guy: back to that story relating to the bank of england. governor andy beshear lee says there is plenty of room for more monetary stimulus. he spoke at the fed's virtual jackson hole event earlier. he talked about what is in the box. >> we are not out of firepower by any means. vantage point, we were too cautious about our remaining firepower and our judgment pre-covid. hindsight is a wonderful thing when you've got it. strategist joining us now from principal global investors. area, a lot of people skeptical that the u.k. will actually deliver negative rates. this isskeptical actually what the bank of england wants to do. however, i suspect they will need to do more. you are going, if to open negative territory as an option, you are not out of firepower. the question is how effective it would be and what else they have. kailey: could fiscal help the boe hat scenthe mo

macau set to open its doors to chinese visitors again next month. outlook for tourism there and across the region. trade talks on ice, the u.s. and china postpone a planned phase one trade deal, no indication when or if they might be revived. this is bloomberg. ♪ . ♪ watchingou are daybreak asia. the coronavirus continues to march on around the world with infections climbing to 22 million. 770,000 people -- they tell a days. the u.s. continues to be the epicenter with almost 48,000 new cases reported and 1000 deaths for a fifth consecutive day. hospitalizations in california hit the highest in seven weeks. china and russia could work together on a vaccine. south korea is warning of a new mass coronavirus infection after oforting its highest number new cases since march. most of this is linked to a church in seoul. tokyo confirmed they were down from 385 saturday with young adults in their 20's forming the largest group. 18,000 people are infected with 25 described as serious. victoria state has reported a new daily record of 25 deaths from the virus

in macau that he is going to english would. be done i said i'm still on the wanted list you know of course out of the book the whole one thing this is a total 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 2 need to take it with a fair bit of. yes. sad but i looked a young baby. oh. i felt the young baby. sad but i love. the list of guys it made me a little. did it guys did it with this nice upside down the. i deplore the use the word. nigger when you please she would be evil the police. as you would to it would obviously cause. it with a saucy me so we should. go on i love my late. teens will make its. oh because if. you do my peace of mind it seems your mind. can take unless. i clear sickness with or without using if you know i was no one gay talese my question literally they do is only gays that we should and course he also did not even if all goes he lets us know at the societal level so without me keep us all an. enabler there

but says horrible crash in macau have. looked like. i watched so many times it's it's ok now and also i think talking about it helps it's called to watch because because the question was just what happened so fast noting that i before i'd saw the video i didn't know that i was fighting for me it didn't feel that bad and then the pain started kicking in. she was really lucky to survive but how she handled this set back impressed me very much when i met her 1st time after the correct. i never was relief skied should not be a huge country. i hope that everyone will see me again just to go racing and to go racing fast and beating other drivers i'm not the gold was the question and now everybody wants to get a lot of great office in all different racing series from the mall to formal or 3 where she can gather experience for formula one good luck sophie i thank you michael. it's what. it is the woman said paris already driven in formula one it's my mom before susan boyle. i met her for 2006 when she was driving into a room into a coaching sh

but says horrible crash in macau i have. i only i watched as so many times since it's ok now and also i think talking about it helps us to watch because because the crash was just told what happened so fast nothing it's. before it saw the video i didn't know that i was flying for me it didn't feel that bad and then the pain started kicking in. she was really lucky to survive but how she handles this sat back impressed me very much when i met her 1st time after the crash. i never skied you to continue. i hope that one will see me again as the girl racing and to go racing boston featuring other drivers and not to go with the crush and now everybody wants to get a lot of great all firsts in all different races from them all to follow. in full will. have to work hard for the respect of the people and when i enter a new team with their feet and examine trinket championship for williams on the way . there was probably more skepticism in the room when i walked in and still feel young neal. it's a past section she was asked to sign

most people in macau used to burn their waste so it wasn't easy to convince them to change their ways and keep things that can be recycled. if it's only really all the way to go seriously was going to be big can we say clean itself so we need to we'll board recycling for them it's the and us they need easier than killing a youth of i am not go about to say. but to also started what they call the eco hero program to engage with young people about environmental issues once a week they go to the local primary school to make music and dance with the students. participation is voluntary but it's fun to join in and that motivates the kids to become eco heroes. of the valley green team take what they collect to a recycling station or. major challenge for that business venture is transportation the recycling station pays about 80 euros for a load off the some goes to pay the owner of the truck so period just a $300.00 euros a month in total. he says the solution is to grow the business and engage a larger group of waste collectors who will sell them the things they find. put it in as a pipe i

their money out of china and there are many kuwaiti ways for doing so and they sometimes also used in macau as another way all getting money out of china another category in the cyprus papers includes those we are not naming for their own safety that applies to a woman whose relative was secretly abducted from long kong by chinese security agents and several names from saudi arabia applications for cypriot passports from the kingdom have increased since the rise of crown prince mohammed bin salmond like china he announced a crackdown on corruption which critics say only targets his political enemies one member of the bin laden family holds a cyprus passport their business empire has been effectively confiscated by the crown prince another is a relative of one of the hundreds of wealthy saudis detained in 2017 at the ritz carlton hotel in riyadh without charge until they paid for their release there's also a broker of the saudi foreign investment deals although still well connected a cypriot passport provides a potential refuge should the political tide. deborah davis al-jazeera london. so t

macau is opening with gaming revenue down 90% for a fourth straight month. on tourist visas deprives the city of its biggest source of clients. 94.5% from a year earlier. a fragile recovery has stalled as the pandemic exporters shut. rot -- brought to astronaut's back to earth. the splashdown was the first since the 1970's. since then nasa has relied on russian rockets with hard landings. this is a high point for nasa and spacex, 18 years after elon musk founded the company. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. mitchell.a this is bloomberg. tiktokas the fate of hangs in the balance, microsoft is continuing and persuasions -- conversations to buy it. talks will move quickly, in a matter of weeks. they are expected to be finished by no later than 7 -- september 15. what are we expecting to hear from president trump? secretary of state pompeo says they will announce measures against not only tiktok but more chinese owned software. this is because of national

will be buying them in a manner that is of macau so yeah but the thought that in not. knowing about it. and they make up we're going to once again i'm going. to send you the can even though you've been a good stock in the black suit going on no no it up not up on that i'm in it up the back. i mean but on experience down in equity about who we thought bob moon was in the new plan and the and. and the 1000000000 and i'm going to be look i'm here and i'm going the way google has he not only not been brilliant but in these on the most significant degree no lapland beneath you not i'm not a net economic loves man i'm not the knuckle bucket the monkey on. and into the monkey hiding only more if that were not the be left in the neck on a disability now but i'm no longer a man who claimed more. than one and that man on. the fearful gotten. a few kilometers to the south isp a 2nd slum with its sea front view. population 40 five's. dowsing. fisherman had nair but the boy now has lived and worked here for more than 20 years . keeping him company on this trip is one year old son t

most people in macau used to burn that waste so it wasn't easy to convince them to change their ways and keep things that can be recycled. if it's only really all the way to seriously it was going to be a deal include recycling itself so when you tell a little bored to be recycling for them it's the and that's they need easier than filling a youth of i am not go about to say. but to also started what they call the eco hero program to engage with young people about environmental issues once a week they go to the local primary school to make music and dance with the students. participation is voluntary but it's fun to join em and that motivates the kids to become eco heroes. of the valley green team take what they collect to a recycling station. major challenge for that business venture is transportation the recycling station pays about 80 euros for a load half the sum goes to pay the owner of the truck so period just $300.00 euros a month in total. he says the solution is to grow the business and engage a large group of waste collectors who will sell them the things they find. the pro

we have china will get the same time as germany, u.s., macau, and taiwan.imistically, the vaccine should be able to be used commercially in october or november. how are you thinking about pricing the vaccine? pricing, we will definitely consider the cost. but more importantly, making profit is not the only purpose. i think it will come from negotiation from all sides, including the government. i believe it will be an issue, but it won't be the biggest issue, that the price will be affordable for most people. tom: we could be getting the vaccine they are codeveloping with biotech available in the chinese market as soon october. he also commented on the chinese economy. he says he's seen resilient, particularly in the travel sector, and strong consumer demand. he said the that has been china's curbing of the guenever's. -- of the coronavirus. haslinda: great interview there, tom, coanchor tom mackenzie. up next, opportunity makes strange bedfellows. walmart and microsoft team up to make a bid for tiktok. details next. this is bloomberg. ♪ haslinda: the battle

of course, china is now allowing macau,s to go back into issuing tourist visas for the first time sinceanuary on a trial basis. occupancy and china is improving. people really looking for those bright spots. the big winner is apple, up 1.5%. raisedhave dan ives, he his price target to a street saying this, company is close to a $2 trillion market cap. have dan ives last week, talking about how devastating a potential ban of u.s. companies working with we chat could be. talk to us a little bit about some of the other tech names. apple, microsoft, twitter all sort of tied into this tiktok situation. abigail: it is really interesting to see. i want to point out the degree of this possible market cap for apple. if we go into the bloomberg terminal and look at this chart, this is apple's percentage of its market cap of the russell 2000. apple's market cap, let's call about 90% of the russell 2000. that really puts into dominantve just how apple is at this point. twitter popping on this news that they may in fact put in a bid for tiktok. a possible war. microsoft has confirmed that they are l

carrie lam as well as the police commissioner and others, including the head of the hong kong and macauffairs office out of the state council in beijing. that over what the united states says is the oppression of political rights of hong kong. now china has retaliated with unspecified sanctions of its own on 11 american officials. as you said, not anyone directly tied to the cabinet of donald trump. these are mostly republican congressman, including three senators, marco rubio, ted cruz and tom cotton, plus a republican representative, pat toomey, as well as kenneth roth. roth was denied entry to hong kong back in january when he tried to come here. the foreign ministry spokesperson saying this is in response to the sanctions on 11 americans to the wrong behaviors of the united states who in his estimation behaved badly on the hong kong related issues. however, they did not get into specifics on when these sanctions would entail. the sanctions that the united states imposed on the 11 chinese and hong kong officials including the freezing of bank accounts as well as any potential assets

been set up across the area we do want to show those to you as well the very first one here is the macau, the city center it's at bank of america, it's located on main street and once again it's open today and will be open from 10 until 7. >>at least september 4th for the foreseeable future as long as those services are needed moving on we also there's also the sonoma county. in healdsburg at the high school gym, located at 1024 prince street. once again this one will be open 10 until 7 tomorrow as well this will also be open through september 4th then in vacaville that's lot. community college on north village parkway from 9 until 5 and also the south bay for the folks at the czu lightning complex at the kaiser permanente arena located on front street that's where the golden star. the santa cruz warriors play. once again from 11 until 7 all of these will be open this week as long as they are needed to help folks and just ting. >>our coverage continues on kron 4 dot com and there you can find a complete list of evacuation orders and warnings. you can also track the wildfires on an intera

news headlines for one thing, they're about to start seeing the gates open up for tourism visas in macaulready they're coming for juhai city that will be a big deal for mgm sands and the ones listed on the exchange here. domestically, you have all these casinos who reported and they're saying, we have people coming in and visiting more than they did pre-coronavirus, so even though our occupancy is capped, our players are more valuable and we've cut massive costs. they've seen profit margins improve by 200,000 basis points. you just had a deal done with el dorado and caesar's now making it the biggest competition a big yen for sports betting it just seems whatever downside there is, higher infection rates in las vegas, for instance, you just can't keep the casinos from rolling the dice and moving forward. >> it's interesting, because the casinos, especially the ones with coin slots, has a shortage of coins in this country, but it reminds me digital gaining has seen a huge advance. i wonder if this could be a headwind for the stocks going forward. s >> it could be a headwind or a tailwind

and it will get him or my pal levy hoodie here and there they don't value your than a table there in macau already know any that i know the mccomb only done gordo easy it out then moved on me go get him up on social media. go it didn't end up in or the me there been an imbecile did it that the kids are going to shit go look good if they're going to me are going to get i mean did i want to be such an examination as yahoo woulda. been in the demo mind bush on the day that i get an appeal and conditioning people down 100 innocent years your home i don't know but got beat that should look good boy live and let them and they done shit so i got more current that are bogus have been drug on to me they were good enough for me only trauma that you know even to me now you actually been a government. once we got back and. he said don't come i don't think conciliatory bitterness is how you meant. nothing when necessary i mean. that reno could buy that you could burn a thimble a bench if you're going to bully you coming to bear you know you show my pleasure by going on there and but i mean during my li

doesn't matter or a cow is one of the game's rising stars a lot and he certainly part of that jury macau golf teams that back in 2019 that was so judges golfing here in just his second major and now is the pga championship or major champion and that's the 3rd youngest ever to do that it's been a lot of baseball now aged currently of the hottest team in baseball coming into today, looking for their 9th straight win in the end they got a whole lot more than just that as the houston astro's continue to be right in the thick of all this drama people are still mad about the sign stealing scandal that the astros were into an oakland pitcher mike fires he used to play for the astros he's the one that really brought that to light last november and got houston and a whole lot of trouble a's now go for the three-game sweep through 2 of houston top 3 already one nothing to matt olson, strong it's a towering shot to center field that one's gone 3 run homerun a's lead 4 zip that is the 5th homer of the year. >>for all said that in the 7 days at 6 to ramon know here's the drama. he's hit by a pitch fo

again i am on my belly levy highly here and there they don't value the other than a table they in macauo you know any that i know the mccomb only done gordo easy it out then moved only go get him up on social media. go it didn't end up in or the me there been this shit name but it didn't that i could are going to shit go look good if they're going on we are going to get i mean did i want to be such an examination as your own boss woulda. been in the demo mind bush on the day that i get an appeal and conditioning people down 100 innocent years who are home i don't know but that should look good boy live and let them and they don't shit gonna get that out bogus have been drug on to me they were good enough for me only trauma that you go even at that i mean are you a shit in the government. once we look at that and. he said don't come i don't think was really going to be done as i am and this is. nothing when i just am and. there is no goodbye there's no equal burning with him good bench if you're going to bully do you know main thing where you know you show my pleasure by going on there a

will get him on my belly levy hoodie here and there they don't value your than a table they're in macau know or do you know any that i know the mccomb only done the love eating it up then moved on to go get it not going through me to. go it didn't end up in all the may there been this shit name but it didn't definitely they're going to shit go look that. they're going to mean i'm going to get i mean did i want to be such an examination a show on fox woulda. been in the demo mind bush on the day that i get an appeal and conditioning people down 100 innocent years your home i don't know but they got beat that should look good we're live and let them and they've done shit the government can't get our borders have been drug going to me they will get us i mean with trauma that you go even at that i mean are you actually from the government yet. one she looked at barack and. he said don't put my drink was only going to be run as if they are meant. nothing when. necessary i mean there is no goodbye there's no equal been with him good bench if you're going to bully do you know main thing where

and it will get him or my pal levy hoodie here and there they don't value given a table they're in macauu know or do you know any that i know the mccomb he done the love eating it up then moved only go get him going through me to. go it didn't come up in all the may there been this in him but it didn't that i can't i'm going to chicago look good if they're going to me i'm going to get i mean did i want to be such an examination as your own boss woulda. been in the demo mind bush on the day that i get an appeal and conditioning people down 100 in a federal gives you a home i don't know but they've got big that should look good we're live and let them and they don't ship sagamore can't get out bogus hadn't dragoon to me through his nose i mean with trauma that you go in and out to me now you've actually been a government. once we looked at that and. he said don't come i don't in conciliatory bitternesses tell you i meant. no offense when. and i just am in a. very no good by this show the clip and i think good bench if you're going to bully you know i mean thing where you know you show my p

money out of china and there are many who egypt ways for doing so and they sometimes also used in macau as another way all getting money out of china another category in the cyprus papers includes those we are not naming for their own safety that applies to a woman whose relative was secretly abducted from long kong by chinese security agents and several names from saudi arabia applications for cypriot passports from the kingdom have increased since the rise of crown prince mohammed bin cell man like china he announced a crackdown on corruption which critics say only targets his political enemies one member of the bin laden family holds a cyprus passport their business empire has been effectively confiscated by the crown prince another is a relative of one of the hundreds of wealthy saudis detained in 2017 at the ritz carlton hotel in riyadh without charge until they paid for their release there's also a broker of the saudi foreign investment deals although still well connected a cypriot passport provides a potential refuge should the political tide turn deborah davis al-jazeera london.

and it will get him or my pal levy high really here and there they don't value given a table they in macauo you know any that i know the mccomb he done go love easy it out then moved on me go get him up on sue me to. go he didn't i am up in northern me there been this shit name but it didn't that the kids are going to shit go look good if they're going to me i'm going to get i mean did i want to be such an examination as your own boss woulda. been in the demo mind bush on the day that i get an appeal and conditioning people down 100 in a federal years who are home i don't know but that should look good but live and let them and they don't shit so i got more get that out bogus have been drug on to me it was good enough for me only trauma that you know even to me now is a sheet in the government. one she looked at it and. he said don't put money in conciliatory bitternesses am indifferent to the. wind. and i just am and. there is no goodbye there's no equal been with him good bench if you're going to bully did no mean thing where you know you show my pleasure by going on the left and but i m

it will get him or my pal levy hoodie here and there they don't value your than a table they're in macau know or do you know any that i know the mccomb only done gordo easy it out then moved only go get him going through me to. go he didn't amma in nor the me there been this in him but of him didn't that i could i going to chicago look did you up when what they're going to me i'm going to get i mean did i want to be such an examination as your own boss woulda. been in the demo mind but it's on the day that i get an appeal and conditioning people down 100 in a further and gives you a home i don't know but got beat that should look good boy live and let them and they done shit so i got more can't get out voters have been dragoon to me it was good enough for me only trauma that you go away when i got into me now you actually been a government. once we looked at that and. he said don't come i don't in conciliatory bitterness is. no sound when. and i just am and. there is no goodbye there's no equal been with him good bench if you're going to bully do the main thing where you know you show my

their money out of china and there are many creative ways doing so and it's sometimes also used in macau as another way. can assure wisconsin now a news conference been given after the arrest of a 17 year old over the shooting of 2 people. and then once investigation is done will be turned over to the district attorney's office. but i want to talk to you about that today is what's going on there are a lot of very good people in this community and what is happening to them is wrong people have differences of opinion. we have different concepts of how things should be done and those are all fine but violence in the community is not acceptable. violence to property violence to people absolutely unacceptable and it is up to us to make sure that that does not continue. we have called on many groups for support. and one of those i'd like to think at the moment is. this is blake. who came out and said stop this is not what her son wanted and so i want to give a hard thought thank you to her because she cared about the community and what was being done in her son's name. and that is appreciated

we hope china will get the vaccine at the same time as germany, the u.s., as well as hong kong, macauiwan. optimistically, the vaccine should be able to be used commercially in october or november. >> how are you thinking about pricing the vaccine? >> we will definitely consider the cost, but more importantly, profit is not the only purpose. it will come to negotiations from all sides including the government. it will be an issue but it will not be the biggest issue. the price will be affordable for most. >> that was the fosun chairman speaking to bloomberg markets coanchor tom mackenzie. ,ack to the japanese news japanese prime minister shinzo abe stepping down. shinzo abe will stay in office until a successor is chosen. close inump into the tokyo with the nikkei finishing down 1.4%. spending most of the day in the day in the green. joining us now, the vice chair at goldman sachs japan. good to have you on the program. big question for investors is whether what has become known as abenomics carries on after shinzo abe leaves his post. >> right. place,ly without abe in isen that the p