rishaad: talking to tom mackenzie there, a focus on australia. ♪

. >> last, i wanted to show you the books and maps by alexander mackenzie. the british explorer connected with the northwest company competitor to the hudson bay company and he was the first european to cross the full extent of north america and so he entitled his book dating from 1801, voyages from montrcal, on the river of st. lawrence through the continental north america to the frozen and pacific ocean in the year 1789 and 1793. so he first went to the frozen arctic ocean along with what's now called the mackenzie river named after him. then a subsequent expedition he made it to the coast of british columbia in 1793. so we have three copies of this narrative here and they are all illustrated with these beautiful maps that were very important to the history of cartography and for example, thomas jefferson was inspired by mckenzie's voyage and hazmat that this helped inspire him to look up for lewis and clark and assign them across the continent again from the young united states. >> we continue our look at eugene's literary culture. next, former televange

i'm tom mackenzie. this is bloomberg. thank you.he only way the fed could surprise this week is by deciding not to raise its rate for the second time this year. bloomberg's global editor kathleen hays is here. the rate hike is considered so much of a done deal. investors are looking for more. we are looking at future plans and how the balance sheet unwinding could work. reporter: absolutely. the fed will wrap up a two day read -- meeting wednesday afternoon about 2:00. janet yellen will start her press conference around 2:30 and talked for about an hour, plenty of time for reporters to cover her with questions about a hike today, what are you looking for next, when are you going to reduce the balance sheet? presumably we will get a lot of good information. hike bakedsis point in the cake after we have seen fed officials saying we see an appropriate high three times this year. interesting the fed is doing this inside it -- in spite of a soft patch. the new york fed has a survey of inflation expectations. that number tumbled one as pe

tom mackenzie joining us now from shanghai. and turns in this ongoing saga, particularly with the chairman. that's right. the news is tightening not just on the chairman. the banks are told to stop dealing with anbang. six large banks have stopped selling their policies in their network of branches in china. this follows the detention of the chairman on june the ninth. we do know the disciplinary and expansion committee are investigating a wide-ranging probe into its operations. not just domestically but overseas as well, particularly when it comes to overseas acquisitions. went on acompany that buying spree from europe, asia, the u.s., famously buying the wall golf astoria -- the waldorf-astoria. it also flirted with the idea of investing in trump's son-in-law's business, kushner companies, one of their businesses in manhattan. the authorities have been stepping up their campaigns to rein in financial risk. habit of using insurance policies and leveraging those for assets overseas, often illiquid assets. things seem to be wrap

let's get to first word news with tom mackenzie in beijing. tom: thanks. new opinion poll say half of u.k. voters think theresa may should resign after her election performance. she has vowed to stay on with the dup agreeing to work with her. michael gove is back in the cabinet less than the year after being fired by theresa may after the brexit vote. boris johnston led the campaign to take the u.k. out of europe. across the whole

it is a multi— million us dollar project set up by mackenzy and itaims dollar project set up by mackenzyhelp companies make the most of the new technology that is becoming available. some of the highlights are predicted maintenance. there is also 3—d printing. it is getting sophisticated. they can print out more complex designs using more materials and it means factories can print out spare parts whenever and wherever they need them rather than keep a warehouse full of spares. wherever they need them rather than keep a warehouse full of sparesm south east asia 70 million jobs are at risk from this. in the future we see people as platforms. if you look at the transport sector, they are ripe for transformation. more autonomous vehicles. we're starting to see them here. manufacturing industry, it will see changes in the transport logistics. if you go into healthcare, there will still be a need for tasks to be performed by humans. there will still be a need for old traditional skills but i would encourage people to make it is a period of renewalfor each individual and they need to understand

tom mackenzie -- i think he is in there somewhere, just not quite sure where. he discusses disney's biggest challenges. >> vital to us that not only the environment and the united states remain healthy whether it is economic or political in nature, regulatory in nature, to that we have the ability compete successfully and operate successfully on a global basis. there are so many factors that contribute to that from taxation to trade, healthy relationships with other countries from a trade perspective is extremely important to multinationals. the walt disney company is a major exporter of product. our movie business is a great example of that. maintaining an open relationship of the country -- with the countries of the world so we can bring our movies around the world, support jobs in the united states is really important. the environment is important as i expressed in the action i took

stephen mackenzie, a fire and safety consultant. thank you.a on all of this on our website. so have a look at that. qatar has issued a brief initial reaction to the list of demands presented by four arab states imposing a boycott on it. qatar's government communications office director sheikh saif al—thani said in a statement "we are reviewing these demands out of respect for regional security. but the demands are not reasonable and actionable. " a qatar semi—government human rights body also said that the list of demands presented were a violation of qatar's human rights commitments. earlier today, the saudis backed by bahrain, the uae and egypt have issued a list of 13 demands they say qatar must meet within the next ten days. the closure of the qatari—funded media network aljazeera is one of the main demands. jamal elshayyal, a seniorjournalist and a spokesman for the channel gave his reaction. we have grown accustomed to the pressure which is being exerted on us ever pressure which is being exerted on us ever since the inception of al jaze

tom mackenzie in beijing. tom: thanks. toshiba falling after western digital after california courts blocked the sale of its chip unit. toshibawants to stop from transferring their joint venture in preparation for a sale. as aartners are at odds shiva tries to raise desperately needed cash to cover a multibillion dollar write-down from its disastrous foray into the nuclear power business. the fed says it intends to push ahead with its rate hike program, but warns week inflation may pose a problem. rise, and they indicated one more this year while setting up details on how they expect to shrink the fed balance sheet. janet yellen said unwinding could begin relatively soon if the economy continues to expand is expected. >> this morning's reading on the cpi showed weakness in the number of categories, and certainly something we will be closely monitoring in the months ahead. we are focused on making our policy decisions on the medium-term outlook and we will be looking carefully at incoming always, revising our outlook and po

remy inocencio in new york and tom mackenzie in beijing.will continue with this subject, the global shipping industry, coming out of one of the worst downturns in memory them about what does this turn in trade mean for it? rishaad: next, more on the potential opportunities as the united states steps out of the climate change consensus. this is bloomberg. ♪ rishaad: i am rishaad salamat in hong kong. this is "bloomberg markets: asia." haidi: a quick check of the business flash headlines. smilingk appears to be on macau, the world's biggest gaming have has seen casino revenue with its biggest monthly jump in three years, rising 24% billion, easily beating estimates in a bloomberg survey. china's three biggest exchanges imposing a self-imposed moratorium after bitcoin resumes its record-breaking rally. the exchange suspended withdraws over scrutiny from authorities. optimismas jumped amid on wider acceptance. haidi: reliance communications cut to junk, saying some kind of fall is an "distinct possibility." the cut follows similar decisions by

let's get you in with first word news and tom mackenzie.aul: french president emmanuel macron heading for a landslide in elections as voters rally around their new leader. party will take a third of the vote, 450 seats in the 570-seat national assembly. he needs a healthy majority push -- to push through tax reform. donald trump has renewed his attacks on james comey, saying -- attacks are commonly cowardly. attorney jeff sessions will speak on capitol hill about russia meddling in the election. he said is important in the light of comey's testimony last week. germany is saying the isolation of qatar could lead to war. this could deteriorate stuff, but there is a chance for resolution. turkey is pushing ahead with a military base in qatar hoping for security of the gulf, not one country. they say this must be resolved in the end of ramadan. russia is ready to work with the u.s. for resolving the qatar crisis. spoke about this on saturday, and he agreed to negotiations being the way forward. the president has said he supports the isolation o

mackenzie george went for a birthday swim she cut her leg open on a piece of metal and her friend meganor help. megan used a first aid lesson from the "hunger games" book. >> another character ties a tourniquet around it. i grabbed sara's shorts wrapped it around the cut and i held it tight. >> mackenzie is okay and her family will honor megan later this summer. >> folks books -- books are filled with information. >> and your mind is filled with knowledge. >> and you're a great drummer. >> thanks. >> 4:57. the guy who won the o nba finals m.v.p. finds himself part of a timely coincidence on last night's episode of jeopardy. >> if you enjoyed those french fries more than once a week you could be putting your health at risk. you don't want to hear the story of the study but you probably should. >> police capture the driver who led them on a chase in a backhoe. >> ♪ as moms, we send our kids out into the world, full of hope. and we don't want something like meningitis b getting in their way. meningococcal group b disease, or meningitis b, is real. bexsero is a vaccine to help prevent menin

let's go to first word news with tom mackenzie in beijing.rbank of japan is seen as increasingly likely to get a second term ahead of a policy meeting this week. he is the only possible contender after his current term runs out next april. none of the economists see a change in policy, and the vast majority don't expect any change until after his current term ends. reports from japan say shinzo abe may invite xi jinping for a state visit next year. the news says he will go to china earlier for a groundwork trip. it will be the first visit to japan since 2008. the leaders met win shinzo abe went to china last year. germany is warning that the saudi-led isolation of qatar could lead to war. they say the situation could rapidly deteriorate, though there is still a chance for resolution. turkey is pushing ahead with a military base in qatar saying it is for security of the whole goal, not 1 -- goal, and -- specific country. this seems to be done by the end of ramadan. russia wants to work with the u.s.. spokeay sergey lavrov with rex tillerson on

thank you so much, tom mackenzie, on the chinese property market.on this subject because the top property bubble -- as prices rise. another 50%. a professor joining us next. this is bloomberg. ♪ anchor: this is daybreak asia, live from hong kong. i betty liu. yvonne: i am yvonne man. our next guest has seen the top property bubble profit. he says prices could rise by another 50% in the big city. joining us now from beijing is the deputy director of the national institute of financial research at a chinese university. great to have you on the program. i want to show our viewers where we stand when it comes to chinese property prices. we have seen these curves take a bigger bite into the market right now. we have seen prices on average see a bit of a drag lower, at new construction, and sales heading lower as well. a gradualn quite slowdown overall. why do you think we could see a 50% upside in home prices? guest: while, i think this is not surprising. we are seeing gradual prices come down every time we have the policy come into the market. i think t

mackenzie george slipped in a marsh as she was with friends for a birthday swim.ut open her leg on a piece of metal. her friend megan heard her cries for help. she put to use a first aid lesson from the "hunger games" book. >> katniss ties a tourniquet around it. i grabbed sara's shorts wrapped it around the cut and held it tight. >> mackenzie is okay. her family will honor megan later this summer. >> ♪ this summer, journey into the adirondacks where campers carve through stone. and to the thousand islands, where kids can be kings. if you like big adventure, you'll love new york state. it's all here. it's only here. plan your summer getaway at iloveny.com what's the story behind green mountain coffee and fair trade? let's take a flight to colombia. this is boris calvo. boris grows mind-blowing coffee. and because we pay him a fair price, he improves his farm and invest in his community to make even better coffee. all for a smoother tasting cup. green mountain coffee. >> scaled the sky hotel on monday. it is the fourth highest building in the city. the climb took h

let's get over to tom mackenzie.e've got the individual breakdown for the three top-tier cities, beijing, shanghai, and shenzhen. let me start with beijing. this is going to the month on month. prices unchanged in beijing. shanghai also unchanged month on month. shanghai year on year, those prices gained 12.6% for the month of may. that is year on year. shenzhen, those prices look like they fell -- shenzhen prices fell 0.6% month on month. they assessed 70 cities and prices rose in 56 cities month on month out of the 70 surveyed. that compares to a number of 58 in april, 62 in march, 56in february, 45 in january. the number for may is 56 cities across 70 that are monitored where you have seen price rises. that would seem to the roughly in line with where policymakers would like this to be. they've been putting these curbs in place, tightening the screws, whether it is down payments or sources of funding for developers, putting price caps in place in some cities as well. they want to cool the price rises in the top ti

tom mackenzie on the latest dataflow from china. let's stay in the region. had japanese core consumer prices. they creeped higher. it is a flow rise. is far fromlation the bank of japan's target. with kathy matsui. thank you for joining us. good news on the core number. we should take heart with this, i presume. does it in -- does it embolden you in any way? i think it is pretty much in line with market expectations that inflation is gradually coming out of the woods. we are beginning to see a little bit more green shoots appearing on the income and wage front. the level of gains are still muted. directionally, this is what we had been anticipating. over the medium-term, it is a good sign for the market and economy. manus: you mentioned wages. this is the global phenomenon, isn't it? unemployment rates are at reasonably low levels. weightlessalmost ess economyagel rising. i am talking about bank of england, the fed, along with the ecb. bank of japan still fully engaged to the end of the road da's term? koru kathy: i think so. place,mework they put in which i

tom mackenzie joins us from shanghai.this ongoing saga, and the latest news according to the bloomberg he's quoting somebody saying this is a bit like somebody having both their legs broken. is: the future of anbang being called into doubt. banks have been ordered to stop their dealings with the company. separately at least six large banks have stopped selling policies for the company through the banking network, and as you touched on this follows the detention of the chairman of week ago. we have reports of that. it is part of an investigation that is expected to be wide and probe is acquisitions abroad as well as operations in china. this is a company that became well known in 2014 when it went on this asset buying spree of brought in europe, asia, and the u.s., spending $13.4 billion, $2 billion on the waldorf-astoria hotel, but regulators have been looking into the insurance industry for about a year, concerned about the financial risks some of these companies pose, going will be on their core business using short-ter

tells tom mackenzie we are not going back to 2006. this is "bloomberg surveillance."d me last hour. doesn't every article say theresa may is going to win anyway? nejra: polls have been tightening. people are sticking with the original view, but we are seeing jitters in sterling and that is what you have to look at. volatility is rising. on the risk reversals. tom: it is amazing. we will talk about risk and election reversals. first word news in paris, here's jessica summers. jessica: trump will announce whether the u.s. will remain in the climate agreement. two people say he is leaning towards walking away from the deal. the president has called climate change a hoax. has raisedommittee the stakes in the investigation of russian election meddling. they are demanding a number of documents. the president's personal lawyer was also subpoenaed. said there was nothing linking him to what he is calling a fake russian conspiracy. a truck bomb exploded -- exploded in kabul. may isu.k., theresa getting slammed for skipping last night's debate. leaders say it shows she is not f

lipton talking to tom mackenzie.use the sidebar which allows you to access the functionality we talk about, and pull up the fantastic charts we have made. ,ou can use this little button asked the guest a question. matt and iays ib directly, but you can also ib our guests. talking about which, we will speak king to ryanair's kenny jacobs. what does ryanair think about what is happening in the u.k.? what does ryanair think about some of the i.t. issues being faced by competitors? we will talk all those issues with kenny up next. this is bloomberg. ♪ ♪ welcome back to "bloomberg markets: the european markets are i am matt miller in berlin. we are seeing indexes rise. stocks are in green. let's go to nejra cehic. one stock that is up, hit a record high, is hexagon. it was rising the most since 2009, currently since 2011. this is after there were some reports that it was in talks for and hexagon has responded saying it regularly looks at ways to increase shareholder value. this after a report is -- it has held talks to se

tom mackenzie there. at beijing as we look at what is going on with 20 years after that handover. what is the future for business in the city? we will be asking that next. this is bloomberg. ♪ rishaad: we are back. one company at the heart of hong , china light and power providing electricity since 1901. the vice chairman joins us now to have a look back at the hand over 20 years ago and ask where the city is heading. that is the first question. >> i think hong kong will continue to be an attractive place to do business. we had been always a place for businesses to come for trade. we have many advantages in hong kong. we have the freedom of movement information,pital, and very strong infrastructure, rule of law, and a business fairly environment. i think this will continue to position hong kong well in the future. rishaad: how about the way hong kong looks to china now. that will be something important now and looking ahead. #533 shows expectations and confidence in china by the ,ong kong media i have to

we are school sort of getting by states possible culture in austerity britain dr lisa mackenzie if state backed neglect corruption cuts to services that just social cleansing at the grand felt in west london this week and we asked the tory co-chair of britain's. safety and rescue group david amos how much theresa may was to blame for the london for. what could the cia have conceivably got to do with the death of the best selling artist of all time the inimitable whitney houston we will cointelpro with award winning filmmaker broomfield trained on whether to raise them a good deal with. means the end of the northern ireland peace process. coming up in today's going underground but first no one really knows how many people have been killed by government austerity to bail out the bankrupt city of london since twenty zero eight the journal of the royal society of medicine says thirty thousand deaths alone could be linked to health service cuts but if anyone wanted member for the slashing of emergency services social housing and capitalist regulation this week's tragic and lethal inferno in l

asked: tom mackenzie also why he is still bullish on china's economy. >> a lot of people focus on theas slowed down from 9% or 10% to maybe 6.5%. i focus on the size of the economy. it is a $10 trillion economy, the second largest in the world. the rest of the world would die to have growth rates at 3% let alone 6%. so the economy is still doing well. consumption has risen, which is an important domestic driver. the leadership change is coming up at the end of the year, but leadership has been stable, consumption is increasing. there has been liberalization of the capital market. -- the shanghai connect has been positive in introducing capital flows in china. more to be done but first steps one thing that could change your business prospects in china, what would it be? ,> we have a joint venture here and we are increasing ownership up to 49%. is ashly from percentage majority stake, and have a business in china. reporter: is there any suggestion that they are looking at changing the 50-50 structure? the parent -- clearly as this market continues, continues to provide more transparency

. >>> bhp appointing ken mackenzie as the new chairman.ackenzie will take up his post in september at a time when the miner is being challenged by investors to revamp its structure and improve returns. elliott management says it supports the move. >>> takata is preparing to file for bankruptcy the japanese air bag manufacturer is working towards a deal for financial backing from u.s. auto partsmaker key safety systems keeping our eye on shares of nike after 3% slide yesterday. stock taking a hit further on a downgrade from jpmorgan. this comes after the sneaker maker announced changes yesterday saying it will cut 1400 jobs, 2% of the work force, focusing on a few key styles and key markets. think it was a reminder for investors that growth is slowing down earnings are set for two weeks people were looking forward to earnings as an inflection point. saw this release as a sign they have more work to do >> this downgrade, i think wall street is cool to the stock even after the decline. at some point maybe sentiment gets negative. >>> still to

jones hayden in brussels, china correspondent tom mackenzie joining us from beijing.rkel rolled out the welcome mat for india and china this week. we'll trump's climate deal rejections cement a german pivot towards asia? this is bloomberg. ♪ matt: is the climate agreement crumbling? president trump says he will withdraw from the paris accord, with condemnation from world leaders and heat from executives. plus, europe dividend east. mayor -- premier li meets. trade, migration, and trade on the agenda. is it tightening time? what will today's job numbers mean for the rate path? we will get the figures at 1:30 p.m. at u.k. time. i am matt miller. we are at bloomberg's european headquarters. we are 30 minutes into the trading day. let's see how things are shaping up. we have a green on the screen, with the dax gaining 1%. the ftse up 0.6%, and the cac up 0.9%. strong gains across the board. that brings us above the line for the week as well. especially the dax, which is up this week in a frankfurt. german chancellor angela merkel played host this week to india's prime min

. >> mackenzie is okay and her family will honor megan later this summer. >> the bride and groom got a special escort. when their trolley caught fire. the firefighters put out the flames and then gave them a ride. the happy couple started their journey today with a ride they will never forget. >> good for them. >>> a group of cherry hill students took their learning from the classroom to the landfill this morning. students from the young adolescent learning school visited the financing authority landfill in pennsauken. they learned about waste management and how to protect the environment. and the students got a walking tour of the landfill and learned how trash is disposed and how a compacter works. perfect dasure is.game huh? i don't know about you gus, but i think a foul ball's coming our way. i'm ready! (crack of the bat, crowd cheers) whoa! almost had it! maybe next time. what about this time? pay me! the new scratch-off from the pennsylvania lottery. with top prizes of 100 grand! that's some catch! (giggles) (crowd cheers) keep on scratchin'! at ikea, we believe that everything

let's get the latest from our china correspondent, tom mackenzie from beijing.e the forecast? the survey is for 51 for the month of june for manufacturing pmi, down slightly from the 51.2 we saw in may. we have a mixed early indications leading up to this number. we have had the satellite surveys for june that contracted, came in below 50, lowest level since august of 2016. we have the trade partner pmi, looking at the eurozone, japan, and the u.s. that also came in lower. on the flip side, you have seen sales managers, their optimism , their most optimistic since may of 2015. a positive for china's manufacturing sector. we are getting the nonmanufacturing pmi number. the may number came up above 54.5, verys, comfortably in expansionary territory. it is driven by the construction component. betty: how does this play into china's broader economic story? if the numbers came out as the survey expects, it feeds into this idea that we are moving into slower growth in the second half with china. you remember we had that surprise gdp number, 6.9%. the consensus is it w

scarlet: i was california governor jerry brown speaking to our tom mackenzie in beijing.o spoke to apple ceo tim cook about the president's decision to leave the paris agreement. of a number of the silicon valley leaders who contacted the white house directly to tell them not to pull out of the agreement. and way chang asked if you president listen to him. -- emily chang asked if he thought the president listen to him. tim: i think he did listen to me. i think he decided wrong. it is not in the interest of the united states what he decided . scarlet: tim cook saying he decided wrong. california is so large that if it were to stand on its own committee would be the sixth against economy in the world. julia: we also saw a reaction from elon musk, and bob iger, the disney ceo. this will be an interesting question for jason kelly to ask -- how do you combine having shareholders and employees saying we do not want to support this president versus the need to support americans and supporting a government that has to do better? scarlet: do you listen to employees and shareholder

and polly mackenzie — former advisor to nick clegg. very nice to see you all.debate? were their winners and losers for you, paul? i'm going to say this, you have been very good at not being too tribal up to this point! i have great hopes for honesty... i think what was wrong with that debate is that at this stage in the game we need expert people quizzing both sides. who won was the politicians because they were not expertly quizzed. neither of them was pushed to the limits of where their positions are because the audience... i think they were coming from an emotional position, which is where many voters come from. 0n things like nuclear, tonight this is the issue that labour spin doctors want to avoid, i want to hit it head—on. the position is clear. no first use is incredibly new and innovative for the british nuclear military establishment, and yet nobody in the audience seemed to pick it up. i'm concerned that the quality of democracy we are going to get at the end of this election is one where, you know, two completely different politicians have really fai

in a show where this book we are getting by states possible culture and austerity britain dr lisa mackenzie if state backed neglect.

earlier our correspondent mark lobel asked fire emergency planning expert, stephen mackenzie, about howocal one. i think what we have seen is, the local community has taken up a lot of the capacity, to the point that local aid stations are now overwhelmed and have stopped taking in clothing and foodstuffs. there are other ways for the community to help. the deployment of the british red cross, with local agency teams, we have not seen massive coverage within the local authority provisions, that is quite surprised. because of the stash of revisions under the civil contingencies act, every local authority must have contingency plans, and emergency response plans. —— because of the statute of revisions under the civil contingencies act, every local authority must have contingency plans, and emergency response plans. what i think is, there is some lessons to be learned here, and for us to develop from this tragic incident and how we approach these natural disasters. very good responses from the tri— emergency services, there may be a gap between that and the softer rehousing of the families

this book we are skoal sort of getting by states possible culture and austerity britain dr lisa mackenzie if state backed neglect corruption cuts to services that just social cleansing at the ground fell tower in west london this week and we asked the tory co-chair of britain's royal party safety and rescue group so david amos how much theresa may was to blame for the london fire and. what could the cia have conceivably got to do with the death of the best selling soundtrack artist of all time the inimitable whitney houston we will cointelpro with award winning filmmaker nick broomfield and sharon framed on whether to raise them a good deal with the means the end of the northern ireland peace process all of them all coming up in today's going underground but first no one really knows how many people have been killed by government austerity to bail out the bankrupt city of london since twenty zero eight the journal of the royal society of medicine says thirty thousand deaths alone could be linked to health service cuts but if anyone wanted member for the slashing of emergency services soci

rishaad: talking to tom mackenzie there, a focus on australia. ♪ collect from our studios in new york charlie rose. we begin this evening with a look at terror in london. amen crossing london bridge beard into a crowd of pedestrians. exited thet than vehicle and started stabbing them. dozens more were injured. 12 people have been arrested in connection with the attack. they have subsequently been released. it is the third terror instance since march. they have subsequently

. >> that was california governor speaking with tom mackenzie in beijing after discussing clean energy trade and investment with china's president xi jinping. meanwhile, this was an important week for donald trump us economic agenda. the president outlined plans for a trillion dollar infrastructure program. can he muster the political capital to get it done? we just discussed the state of the trump economy. >> how do you see the u.s. economy right now? in the second quarter, trading value is taking a dip. i know that is the markets. baby talk about the economy. -- maybe talk about the economy. >> i think it was a waste of time. trading, wewe do serve clients around the world. if you say over 20 years, it will go up. i couldn't possibly tell you. this economy has been chugging along just under 2% growth rate for years. it is a long recovery, a weak recovery, half of the average recovery. spot init is a great we the american economy. i think we can grow the economy more. i'll even relegated to slow growth. >> china is pushing infrastructure. what needs to be done in the united states? as

rishaad: let's discuss more with tom mackenzie in beijing. they did not disappoint this time.om: that's right. they increase the number of stocks we had been expecting. 169,d been focusing on down from when they were looking at 448. 222.increased it to msci saying there were a number of factors that fed into this decision comes some positive moves from chinese regulators. focusing on the connects, but moves around this when it comes to loosening up those requirements that have made things easier. msci saying amongst institutional investors, they did see strong support for this. what it means now is that this will be implemented at some point next year, the first stage in may, and later in august. this is a step-by-step process, and they are looking potentially further down the line to include mid-cap stocks. that will depend on more moves in terms of the opening up and reforms we have seen in china. by msci could be something of a catalyst to see more openness and more moves to reform the capital markets. this addition of 222 large cap's, a bit more than what we were expecting

speaking to tom mackenzie in shanghai, bob iger says that it is a feat that none of the disney resorts have been able to achieve in the last 30 years. >> we did say that we hope to break even. i can confirm that we will. today is the end of the first full year of business. is also an extraordinary achievement. i am not sure that we have ever done that. >> let's return to our top story. deal to buyckbuster whole foods. this acquisition will likely disrupt not just grocers but overall retail industries. here to talk about the impact of brick-and-mortar, we are here to talk about matt townsend to cover the retail space. what does this mean for other grocers? these physical stores? if you look at these other kroger,walmart, target, walmart's stock went on the most in 2015. i would say the market is predicting that they will take a share, potentially. isther thing to think about looking at the hopeless shopper, it is an upper middle last to a wealthy shopper, these are the most coveted choppers out there, they can latch onto these potentially. they can take them into the amazon ecosystem. >

any and for so with class war now firmly on britain's political agenda we're joined now by dr lisa mackenzie research fellow at the london school of economics she's the author of getting by states class and culture in austerity britain thanks so much of going back home serviceable like you were asking me what your reaction to the resumes supporters very clearly according to the london british media report saying they don't want the london politicized. this this cannot be anything else but political this is not a natural disaster what's happened here is it's about carelessness it's about. not caring about working class people in this country housing is our biggest shame and actually has been britain's biggest shame for generations this is not new there is no political points to score here there is only the truth. about they says you know this is been my life all of my life i grew up on a council estate i have i have lived in these sort of places one more read about my child and what happens to us you know this isn't really much more than a political point but it is it is politics villages it

you can see that output, it is at $43 way past, even per barrel which according to wood mackenzie ishe breakeven price per barrel. >> the big thing is that opec is banking on natural declines from oil wells all around the world happening as investment drops in oil. that, along with their cut, rebalancing the supply. they don't think he can produce very much oil. toy think the world these produce another five or 10 million barrels per day total. they think that all of shale can only do about half that. upy think reduction can go 2.5 million barrels to as much as 10 million barrels per day. that would bridge that gap. if that is true, then opec plans to cut oil, keep this applies down, it might be foiled by the u.s.. >> they may think that shale can pump that much oil. the market is squarely focused and.s. production inventory. let me show you a chart that spells it out, it is a little lighthearted. advise of what wti has done, you can see that every wednesday, when the inventory data comes out, oil seems to take a significantly -- wednesday is the oil markets these very time of the we

to the increasingly competitive market in china, that is where tom mackenzie caught up with the ceo of maker to discuss their new digital strategy in the world's second-biggest economy. >> you look at the drive of robotics, there are three keys in china, one is the labor situation. the second is productivity. that third parties safety and health. all of this together makes china the largest robotics market on this planet and it will be for the next 10 years. they have invested 30. >> how would you prize it against robot makers? they are fully -- >> they are fully committed and the only in the world that has the combination up artificial intelligence and robotics and opportunities. the use of ai today is spreading quickly in abb. they can take the rubik's cube, look at it and solve it in less than two minutes. increased skepticism now be administration will be able to put their it's infrastructure spending plans. we have seen that in the imf reflecting its forecast. how much of a missed opportunity is this? >> if you look at it long-term, the u.s. will need to invest in the infrastructu

jaunt ceoat was the speaking with tom mackenzie.k at what is coming up on bloomberg markets. we have got china data and the u.k. election. rishaad: it does not come from these statistics, it comes from the import/export office. it could come out anytime the next few hours. we are going to be joined by -- and getting a sense of what that tells us about the global economy. as you mentioned, we have got u.k. elections. yvonne: what is going on there? rishaad: theresa may is going to scrape it in, according to the latest polls. also looking at investing in asia. that is all on the way. ♪ ♪ david: what was it like when you came here? did people make crocodile dundee jokes? james: people would say to me, is it true that all australians wrestle crocodiles? i would say, well not all of them. david: people throw things at the walls, scream and yell. james: i think if you are the seventh of 12 children, you don't want to be the thrower. david: are you in favor of repealing dodd-frank? james: that is a terrifying thought to start again. what w

thank you so much, tom mackenzie in beijing. by a ahead, takata fell record as investors see bankruptcy ahead. we will have all the applications of a takata bankruptcy. yvonne: up next, theresa may reaches out to the 3 million e.u. citizens in the u k. the latest from the brexit summit. coming up. this is bloomberg. ♪ betty: we are counting you down to asia's first major market opens this morning. a beautiful friday morning in tokyo. take a live look outside the imperial palace. japan futures heading slightly higher, up 50 points at this moment. this is daybreak asia, live from hong kong. i am yvonne man. here: and i am betty liu at the wharton global forum. conranh one here at the hotel. theresa may has outlined proposal to guarantee the residency rights of e.u. citizens living in the u k as an e.u. summit kicks off in brussels kathleen hays here with more on the e.u. summit. important, and what was the response so far, kathleen? kathleen: this is going to affect the lives of at least 4 million people if you look at the numbers

tom mackenzie is following this. fourth.the reporter: that's right. likes of jp morgan, morgan stanley, ubs, they say the chances have increased this will happen. that is because the msci water down its ambitions, essentially including 169 a shares if they make the decision to include 448 the last time. china also initiated the hong connectshanghai stock and suspension time for some of their stocks have been reduced. we can get a terminal that shows 169 shares that might be included. you can bring up a chart showing the shares and how they performed versus the hong kong stock exchange. they are missing a wide gap particularly toward the end of the chart, versus the shanghai note. in terms of what this means, the significance we heard earlier in capital from these management, she said it was significant not just for china but for foreign investors. >> it is very symbolic. i think it will be a big wake-up call for the industry, because let's not forget even if we're in years, we are hardly rocking the boat. we are talking about a drop in the fee for chi

keep the faith, alphonso mackenzie. your friends are very persistent. they keep fighting us.pens again, there'll be no absolution. every inhuman is here for a reason and serves a purpose. [ gasping ] now you're free. ragtag base, i'm coming home. hive could create an all-in-one virus that instantly transforms any humans into swayed inhumans completely under his control. if he finds a way to disperse it high enough in the atmosphere. he could potentially infect a significant percentage of the human race. he has a way. he stole a fully operational warhead.