from mainland china, and getting people comfortable and back to traveling, macau is just starting tocover to some state of new normal, and the importance, frank, of the new normal is the vip market business has been made legal and so it's just gone away it's returning to new normal at higher probability. >> david katz, thanks for yourure insight. >>> coming up on "worldwide exchange," the one word everyone needs to know. stocks making pressure on the fourth of july holiday oppenheimer lays out the strategies that could fuel a strong second half much more on "worldwide exchange." stay with us ja welcome back to "worldwide exchange." time for your w.e.x. wrap-up the biden administration is reportedly drafted a new role designed to restrict chinese companies access to u.s. cloud computing services if confirmed, that rule would likely require companies like amazon and microsoft to seek government approval for any new government contracts. >>> the new microblogging app will allow people to bring over their existing usernames and followers. amazon, google, tiktok, and two other companies r

travelers going to macau, was from the other asian travelers. might think that could have an impact. meanwhile, tyler, casinos headed to the second half of the year. >>> they got tough comps on the way. month after month of gaming revenue growth nationally, but the industry is bracing for more public listings of m&a, potential ipos, and look at this in las vegas. this is the new sphere at the venetian. it's called the venetian sphere. it's a new kind of entertainment venue. >> look at that. >> it launched the exterior yesterday, july 4th. the guest l.e.d. screen in the world, and the youtube concert that launches at the venue in september. add to that, an f-what is coming through the first time to the las vegas strip, expected to produce the best november ever, and international travel and convention business have yet to fully rebound in las vegas post- pandemic. this means there could be fuel for this fire, even if there is a consumer spending pullback. >> that's just amazing. formula one, that's going to be fun. >> it sure is. the business imp

salih, he is liguan, is he connected in hong kong macau singapore on the account of three ships?terrorist wanted by interpol in connection with the hijacking of a boeing 747 and the destruction of passengers escape from a saigon prison with the murder of a warden strangled little sensitive to pain drinks a lot does not get drunk obvious inclinations. woman's weakness drugs dangerous is waiting for an opportunity to take matters into his own hands serious lad. schweigernes, aka the role of schneider punitive operations in south africa operations in angola the sniper is excellent, owns a knife exceptional intuition in choosing a strong side. pathological false stingy aloofness in our hands i don't like it. something painfully quiet. all do not shoot a wave from the explosion to throw us on the rocks boatswain. they're coming back to cook velbot don't rush them, if they agree to our terms they'll let you know. we are still talking about them we don’t know anything, but we have their women. look, look, look, look, look, look the feelings resounded like a snake. don't work to be talka

was not too helpful, particularly when you talk about people in china moving out to hong kong and macaue think we made very good progress. but we are defaulting this exercise of putting the greater bay together as a whole as a part of our greater china strategy and linking that more with asean. >> do you have an idea when you will achieve the target that you wish? 22% of revenues are coming from this. >> soon. >> soon? >> soon. no clearer than that. [laughter] if you have 22% revenues from here, how do you grow them? >> of course, you grow them by continually linking it with other parts of the group and by having more customers. a lot of greater china customers are either doing their strategy in southeast asia, or looking at opportunities in asean. we talked quite a bit about the electric vehicle industry that looks into indonesia as the very important material supplier. they also go into build their own plants so as to capture and secure the resources as well. so this is just part of it. >> but is it purely organic? would you plan other acquisitions question mark may be another bank, y

tomorrow, they will face the macau team in the asian youth handball championship. our country's girls won against india . in the continuation of this competition, hosted by hong kong, our country's team defeated the previous champion india in the fourth game of 3931 this morning. the iranian team came forward from this, uzbekistan won and handed over the result to the teams of china and chinese taipei. for the fifth to eighth places, our country faced the fourth team of the first group on friday , and the asia level 3 women's futsal coaching course ended in tehran. in this period, twenty-two the coach was trained theoretically and practically under the supervision of the instructors. for the first time, the level 3 women's futsal coaching class was held in tehran with 22 of iran's best coaches , and i am sure that after this women's futsal ball course , the attitude towards our coach will change. with which very positive physical street that has in the women's section the field of futsal is falling, and football and futsal are the first in asia from this undisputed

we're looking at banks, property, tech, macau casino stocks with the visitor numbers out later today., we are looking at a selloff for the second straight session. yvonne: the japanese coming back after the lunch break. you seeing continued resilience. they are really embracing that may be easy monetary policy is here for a while. that certainly is helping. that is left in this market. as we count down to the boj that is happening next week. david: maybe this time. i forgot who saying that. that is not important. u.s. futures, flat right now. the benchmark in the u.s. was a tech story. also a bank story. nasdaq close to 16,000 because of the microsoft story. morgan stanley reporting second-quarter results fell short of estimates, but shares actually jumped as the bank surpassed expectations for revenue. >> it is not a given you have a recession. without employment where it is, decent economic growth, stable markets, the banking system balance sheets are strong, consumer balance sheets are ok. that is a pretty good backdrop. some sectors hurting more than others. but you see it in the

it is called demar right. smoke without fire, 400 in in 1622, during the storming of the portuguese macau gunpowder before landing to create this first known case in the history of the 10th century, alma judge was the first among the arabs to collect fragmentary information in a unified historical work and thus earned himself the nickname of the arab who encyclopedists? smoke without fire for 200 fishermen sometimes use this type of conservation of prey right on the shore. smoking is true turn on 1.000 in 1962 , the story of this czech was published in the soviet union , the turn of the key, but after the events of the prague spring it was no longer printed both here and on homeland. it will be embarrassing. the representation of the alto clef in linear notation is derived from the latin letter c denoting this note. it's yes, yes. keys for 600 in russia, this crane system with unequal sides was sometimes called the key for its similarity to a home-made peasant wooden key of the bar. keys for 400 spring gremyachiy klyuch near the village of glancenevo in the sergiev posad district of the m

the world's highest platform for this attraction is located on the macau tv tower 233 m away from fans to tickle your nerves from the fight no. base jumping no wrong answer well maybe bungee jumping bungee jumping absolutely right. base jumping is skydiving from high buildings, and bungee jumping is jumping on elastic cable here and ships 500. during the experiment in this city, the destroyer eldridge allegedly disappeared for several hours and rendezvous and moved into a hole for more than 200 miles, and then instantly returned back. this is the philadelphia experiment. that's right . it was the philadelphia 400 rides . the popularity of the attraction that mimics this has increased thanks to the movie urban cowboy, where john travolta and debra winger demonstrated their skills. uh, maybe a rodeo rodeo that's right, a mechanical attraction is a cosmic name or in 40 ago there was an attraction in the moscow gorky park well, all of a sudden, a flying saucer. yes no jupiter perhaps, no? michael and ventured he was called saturn an. h 400 the shell fish living in america can breathe atmos

looking at what is happening with -- macau casinos, revenues to hit $2 billion in july with a boost cominge summer. in spite of that declines of 5% plus, with regards to why we have this problem even though we have the prospect of robust revenue growth. haslinda: a slump for mgm china. the broader market is also a slump. markets worrying about the fed minutes suggesting they were divided on the pause in june, a hike in july is almost certain. keep a watch on schulz, also on the payroll for clues and where the fed might take the tightening. in terms of the specific benchmark, hsi, down more than 3% in all sectors. financials dragging that index. the nikkei 225 down by 1.7 percent. a lot of consolidation happening in the last few sessions. rishaad: we await the payroll report, a load of u.s. data out today, ism figures, we had those, the adp jobs report as well. a busy one, that is it from us in hong kong with burke markets. up next, daybreak middle east and africa. ♪ reduce the program to chef wonderful here, which is a program created towards small businesses like mine to retaining their e

people were moving up from china into hong kong and macau in that sense.ink we are making good progress but we are unfolding this whole exercise of putting the greater bay area together as a whole as a part of our strategy. >> do you have an idea when you achieved the target? no clearer than that? if you have a 22% revenue from here, how do you grow them? >> you grow it by linking it with the auto bots of the group and having more customers. a lot of greater china customers are either doing their strategy in southeast asia or looking at opportunities in different countries as well. we talk about the electric vehicle industry. they also going to build their own plans. to capture and secure resources as well. this is just part of it. >> you have a stake in lingo of about 20%. are you planning to increase the state? >> we are very happy with our investments. we are working with them really fine. they contribute well and contribute more profits to the group. if indeed you talk about inorganic, it is always a key consideration. we look at when opportunities ari

macau has been benefiting from a recovery in outbound tourist.st year is still far below numbers seen before the pandemic. haidi: let's stay with gaming. a net profit of $83 million was reported in the first half of 2023. that's an increase of 57% compared to one year ago. the company runs a casino in cambodia's capital and joining us exclusively as the executive deputy chairman. always great to have you with us to talk through this and those numbers on the broader recovery. let me start offer china. have you been encouraged by the numbers, have you seen when it comes to chinese visitor flow >> we have been very encouraged, as you look at inbound traveling to cambodia, a recover to about 75% of 2019 levels. but the arrivals from china has been a bit sluggish, lagging behind 31% recovery rate. but what's important for us is not so much the numbers, but the composition of the travelers. about 75% of these travelers into cambodia, for the first five months from china are actually business related travel. so that is where we get the good amount of ou

a lot of that is moving to hong kong and macau, and some japanese numbers were very strong.talk about the read across the other luxury brands reporting this week. what is the guidance and expectation currently? >> if we look at these companies, it is thinking about where is the exposure on the u.s. market? in particular if we think about lvmh, 25% of the sales is the u.s. market, and that is a line to where the luxury goods break, 25% of the market is in the u.s. , so it is looking at these companies and how much exposure they have but also if there are in a brands that are particularly vulnerable rebuilding strategy, aspirational brands will be watching out in the weeks ahead. we will be looking individually at different companies. overall we are looking at china as a big win into 2024. more travel. 70% purchased on the mainland. that should continue to pick up. lvmh, the market is looking at 13%, that may be a bit weak. lizzy: thank you. highlighting luxury. we have a lot of interviews coming up later on bloomberg tv. we have the santander ceo in about 20 minutes. we will

some of the areas we talked about like domestic travel, macau gaming, the chinese consumers are not traveling internationally. their incomes have been affected by lockdown. the other area we like is sportswear. sportswear has a growth trajectory of 10%-15% year on year in terms of earnings. and an emerging area is the values we have seen in the drawdown of equities and the slow down of the supply chain in china. shery: as we speak we are getting a headline from the china securities journal saying beijing is likely to cut the rrr in the third quarter to boost the economy. what form will stimulus take? we have been wearing for monetary and fiscal stimulus to come from china. we have not see anything that -- we have not seen anything that could potentially fuel markets higher. louis: we are not optimistic on stimulus. there is not a lot of room to increase debt to support all of these domestic industries like real estate and infrastructure. i expect they will try to keep the baseline at 5%, 5.5% gdp growth and i don't think markets should be looking for more than that because they are concerned

how was the flying backwards macau was the holiday | backwards macau was the holiday company and airlines the holiday company and airline? define back was fine because — company and airline? define back was fine because it — company and airline? define back was fine because it was _ company and airline? define back was fine because it was with _ company and airline? define back was fine because it was with jet2 - company and airline? define back was fine because it was with jet2 and - fine because it was withjet2 and they were absolutely fine and dandy, did not need to do anything major there. barely heard anything from our company tui to be honest, very disappointed with the information and their response time on any of it, particularly with the state my wife was in with her pregnancy. very let down, i must say. that wife was in with her pregnancy. very let down, i must say.— wife was in with her pregnancy. very let down, i must say. that must have been so worrying _ let down, i must say. that must have been so worrying for _ let down, i must say. that must have been so worrying for you

portugal on tuesday will secure a spot in the round of 16 as team usa prepares for that match for macau there, alex morgan was asked about future of the team since this year's cup. well, mark, the final appearance for a number of veteran players. morgan says they've been preparing for this and that the team will be in good hands for the foreseeable future. >> getting into their heads and be like, how can i help you wear? can i leave you a little bit of like stress and anxiety and pressure because i want you to have fun. i want you to know obviously like this is the biggest stage that. you'll ever be on in your life. hopefully you're going to hear 2, 3, 4, 5, times when i'm long. retired. at the end of the day, we all are, you know, teammates were all on the same level. we all play a role in wanting the success getting too the championship. so it's how can we get there together and do it together. >> let's go to the pool. katie ledecky has only solidified her status as one of the greatest freestyle swimmers and history at the current world championships in japan. the former stanford star

we will discuss macau republicans holding our government hostage.irst, richard lui is here with the headlines. >> good evening to you. this suspect in a georgia mass shooting was shot and killed following nearly a 24-hour man hunt. a sheriff deputy and police officer were injured trying to arrest andre longmore. authorities say andre longmore killed four people in hampton, georgia. five people are dead and a toddler and an infant missing after a flash flood in bucks county, pennsylvania. up to seven inches of rain hitting the area in less than one hour. ten people were rescued in that area as well. and then in alabama, a missing 25-year-old woman was found safe. police received a 9-1-1 call late last night saying carly russell had returned to her home. she was taken to a hospital and released. carly may news after she saw a toddler walking along an interstate highway and disappearing after she stopped to help. detectives were not able to locate the reported child. more ayman with michael steele right after this break. fasenra is an add-on treatment

you see the uptick in macau growth it's all right in front of them.wynn and las vegas sands, valuation is okay i think these stocks are fine fine, mel. >>> united airlines shares higher after a bet on top of the bottom line. let's get back to phil leb go who has the details on that. >> hey, melissa. also listening to the tesla conference united, a heck of a report for the second quarter, beating the street at the top of the bottom line the bottom line, 99 cents better than expected, coming in at 504 -- or 503 a year the street was expecting 404 with revenue coming in at 14.17 billion. better than expected the revenue, if you lock at the numbers within the numbers, it was strong across the board for united revenue was up 14% for the second quarter with a pretax margin of 15.3%. passenger revenue per available seat mile, what we call prasm, up 2.2%. that's the demand, people who want to get on a flights, whether domestic or international. and they're also raising their full year earnings guidance. it is now the range of 11 to $12 a share. previously the

you still like a casino company that has big exposure to macau you want to talk about that?at are not so good in terms of china, as you mentioned. the services part, the consumer part is actually doing better. the pmis are comfortably above 50 for the last six months as they reopen, i think the consumer is the way you want to play china las vegas sands, they have 40% of their business in macau last quarter they beat on revenues and margins they only had -- 31% of the hotels were closed they only had 39% of airport volumes that were happening. i think you're going to see an improvement. the free cash flow willbe to the upside and they'll be able to pay down debt and continue to do various different build-outs within the casino franchise. >> you like casinos that have more exposure here in the united states or is this really purely a play on china? >> it's play on china. it's play on the reopening that's the one theme that i like i think it is not consensus. it's a little frustrating because it's taken a long time to see a recovery. the consumer over there is the way you want

palestinians killed, biased, ready forces and separate shooting incidents on friday. 18 year old fuzzy, macau phone was shot and killed is the best in north west of novelist. israel says a car coming to teams attempting to run over a sweeney troops, separately. 17 year old mohammed of bias was shot during a protest near romano fussing incident is intensifying on several fronts. the army is reporting gains south africa to meanwhile, 16 civilians reported to being killed in southern for opposition groups and beyond law. say the military has code 14 people during a raid on a village footage circulating online shows the off the boss of the attack. active is say, 6 boxes and 8 civilians were killed, protested, and the rock is gathered near the danish embassy. in fact, that angered by another instance of crown binding this time in copenhagen, it follows the storming of the swedish embassy on 1st day. as a russian journalist has been killed in southern ukraine via news agency reports that are also slapped over all of was covering a story in a front line village in the south for region region 3, othe

outside of china, we see value in the macau gaming space, the yields are still attractive and refinancing abated for almost all of the issuers in the sector. they gaming volumes are recovering, is the driver of recovery in the financial profiles, and we think there is room for more yield compression going forward. rishaad: leonard, thank you so much for joining us, senior credit analyst. we saw that huge rally on tuesday, markets consolidating, it's probably a reminder of what we should watch out for as far as momentum. someone suggesting it says what we saw was a short covering coming through and perhaps as we look ahead, we see the valuation story becoming more and more compelling. we've had a pirate strike, how do we get them to come in and work again? david: those valuations have been compelling for the better part of the last two or three years and we keep revisiting the start every time you get a day like tuesday and is the start of a bull market. you don't really know the answer to the question until your behind it but i guess the indication of the things we like to track is the we

uh, the amount of money supply as a percentage of gdp you will be amazed at is hong kong macau 450 350%at allows you to set projects, you take a project and saturate his money. everything worked. and if this is not the money supply, and we have and we have 50%, 50% of gdp, and we must understand that our explosives again have certain numbers. i will specifically repeat these figures from 1999 to 2013 before the current leadership of the central bank came to the leadership of the central bank. our money supply has grown 60 times gdp in rubles has grown 18 times in dollars 11 times. and now the thirteenth to the twenty-second year we have a three-fold increase in the money supply, a two-fold increase in the rvp in rubles, and -20% in dollars, well maybe we think that there is a direct connection, although there is no crisis. we had in the eighth year. here is the first station for the great fourteenth year, but further, but still . all the same, it’s not uneven, ugly numbers. so i want to say, well, it's not about the numbers, but in relation to them. i was amazed then. and why does the i

so it's not been a good week for macau. no, it's not. and he seems to re.— no, it's not.e the younger oeherohhoh hs— era of tennis where the younger generation is starting to make horm— generation is starting to make some gains here.— generation is starting to make some gains here. m1ri some gains here. so who are you predicting could win ? well, i predicting could win? well, i mean, alvarez won- predicting could win? well, i. mean, alvarez won-and mean, alvarez won queen's and hes— mean, alvarez won queen's and hes phowho— mean, alvarez won queen's and he's playing absolutely phenomenally moment. phenomenally well at the moment. i he phenomenally well at the moment. r—he hoes— phenomenally well at the moment. i-he does remind- phenomenally well at the moment. i he does remind me, i also think he does remind me, rohher— i also think he does remind me, up... h— i also think he does remind me, up... h he— i also think he does remind me, rather, if he looks— i also think he does remind me, rather, if he looks a— i also think he does remind me, rather, if he looks a like rath