merrill's marauders. let us salute the family and friends who have continued to tell the story of these bright for years and advocated for the recognition they deserved. thank you to the u.s. army leaders joining us today including secretary of the army, christine mormon, and army chief of staff general james mcconnell. let us recognize the members of congress who work to make this momentous of impossible, including the late senator johnny isakson, who should has great respect for our veterans. through his leadership on the veterans affairs committee. and congressman sandy bishop, who has long championed the marauders legacy. former congressman peter king, always a reliable voice for our nations veterans. finally, thank you to all those joining us online to honor the marauders profound patriotism and unwavering devotion to duty. ladies and gentlemen, at this time, please stand as you are able for the person station all the colors and the national anthem. >> oh say can you say, by the dawn's early light. w

merrill's marauders are legendary.d china theater was so central to the campaign. they fought their way through miles of terrain. they took the airstrip, which was so central to the japanese and then became central to us winning in that region of the war. they suffered many casualties, it was extraordinary suffering they went through. they were outmanned, they were outgunned, they were engaged more than 30 battles and struggles with the japanese. but they were never out gutted. and, their victory was very central to the victory in the entire pacific. again, they were the greatest generation, they were what it was all about and i am proud to be part of the ceremony which should be forever commemorating the bravery and courage of what it means to be an american. thank you, all god bless america. >> today we honor some of our most courageous and noble veterans of world war ii. merrill's marauders, i have been a leading supporter of the effort to bestow the congressional gold medal on these deserving soldiers, and though w

the unit known as merrill's marauders.n command and traveled f into japanese territory and just after five months by foot. their mission was a great success defeating the soldiers of the japanese provision by b disrupting supply key in maney kaisha mind and capturing the airfield and burma. he is one of eight to receive the award and one of five that remainsda today. on behalf of the grateful nation and the fifth ranger training battalion i'm honored to present the marauders gold medal today. [applause] >> i want to thank congress for wording merrill's marauders the congressional gold medal. we four months fighting behind enemy lines. we were able to defeat the japanese division with six combat teams in the jungles in the mountains. our casualties were high. on behalf of every marauder who fought in burma in 1944 we can never forget the men we lost in burma. they surge with duty and honor -- they served with duty and honor. [applause] ladies and gentlemen as we lead join memony i ask you in a blessing and a. thank you almi

merrill's marauders were comprised of six combat teams.by the u.s. army ranger. our unit crest displays a star, son of b lightning bolt capturig the behind enemy lines deep strike f character of the world war ii marauders. you can find this crest displayed on or uniforms and throughout our facilities. we rangers of duty salute the marauders of world war ii. your legacy is impossible to forget. you inspire us in the memory of your fellow marauders does not go forgotten. the marauders were further, faster and fought harder and we strive to do the same. the legacy of the merrill's marauders encouraged rangers in korea, vietnam, grenada, panama, somalia at the route the war on terrorism. that legacy will undoubtedly continue to inspire americans young adult for decades to come. thank you. .. to join speaker pelosi distinguished members of congress general mcconville, and colonel kirsey today to recognize the heroic achievements of meryl marauders represented at today's virtual ceremony by proud family members and three living legends master se

our nation is fortunate to have men like a merrill's marauders.efend it. thank you. >> the call out for volunteers the mission would be deep behind enemy lines. those who answered werey a motly crew they were told as many as 90% might not make it w back in. it will be a man who had never seen combat. sounds like a story that could only exist on the silver screen. but over six long months this was a real live for nearly six thousand soldiers set on the long mission to destroy japanese supply lines in the jungles of burma but they came from all 50 states summer green others were seasoned vets and a few even came straight out of military prison to join the ad hoc outfit. march in the history books was paid with epic hardship for every casualty they suffered and outnumbered battle of the japanese former came from disease. by the time general franco merrill and his marauders reach their final objective and airfield in the heart of japanese territory, all but two members of the unit had been hospitalized for wounds or disease. the general himself suffer

today we celebrate merrills morato's service and add one more commendation to their legacy. by bestowing upon them the congressional gold medal. thank you to our soldiers who served thank you to their families who sacrifice and support were crucial during and after the war. and now as we preserve their legacy. hi congressman, mike waltz here. as a ranger qualified green beret. i am thrilled to have been a part of awarding the congressional gold medal to the heroes of the merrills marauders. i can't think of another unit that endured such hardships behind enemy lines in the jungles of burma and southeast asia often cut off from their supplies and literally conducting impossible missions in defensive freedom. i am especially especially thrilled that we could get this gold medal past through the house of representatives while we still have survivors of the meryl marauders with us look, anything that we can do we should be doing to recognize these types of heroes that set the stage for the world's longest period of prosperity since world war two for a world order where the unite

today noble veterans of world war two merrills marauders. i've been a leading supporter of the on these deserving soldiers and though we cannot gather in person today. i'm grateful i have this opportunity to join my colleagues and celebrating their service and valor. as a congressman representing georgia's second congressional district the home of fort benning. i'm proud to be an original co-sponsor of the legislation that awarded the congressional gold medal to merrills moratas. the legendary 75th ranger regiment known widely as the army rangers is headquartered at fort benning and traces its lineage toit continues to wear e merrell's morado patch as its crest. also, the military intelligence building there is named after vincent. malillo who passed away in 2015 and was georgia's last surviving member of the maratos. those morata's fought in what some referred to as the forgotten china burma india theater of world war two? they fought in treacherous jungle warfare conditions and behind enemy lines. often without the resources or support tha

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personalized advice so impressive your money never stops working for you with merrill.ank of america company. >> this is bloomberg markets. watching the real estate market closely with mortgage rates rising for a third straight week in the u.s. with rates hovering around 7% have kept would be buyers on the fence. we want to dive deeper into the story. i will start with you. it is interesting, appear in canada, we have these five-year mortgages, so people are moving more quickly to this reality. those with mortgages stateside are wondering and waiting it out . what do you see in terms of the impact on real estate? >> great question. firstly, thank you so much for having me on. maybe it would be helpful to give a little bit of background. we are in opportunistic real estate investor that has recognized a big dislocation for real estate between the public and private markets. we recognize -- we decided to raise private equity to try to meet the public market at big premiums and deliver big premiums to public shareholders after establishing a position and sometimes using ta

personalized advice so impressive your money never stops working for you with merrill. bank of america company. ( ♪♪ ) woah. ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. i need it cool at night. you trying to ice me out of the bed? constant contact. baby, only on game nights. you know you are retired right? am i? ya! save up to $500 on the new sleep number® smart bed. plus, free home delivery when you add an adjustable base. shop now only at sleep number®. >> i supported raising the federal funds rate at our july meeting, i expect additional increases will be needed to lower inflation to the goal. i'll be looking for evidence that inflation is on a consistent and meaningful downward path as i consider whether fed further increases in the funds rate are needed and how long the funds rate will need to remain at a sufficiently restrictive level. rishaad: we have got her talking about more restrictive rates. this is what john williams had to sa

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personalized advice so impressive your money never stops working for you with merrill.>> stocks attempt to recover from three weeks of losses while treasuries extend their selloff. katie: kicking you off to the closing bell here in the u.s., two hours ago and we do see stocks trying to close higher. the s&p 500 up 4/10 of a percent , coming off three weeks of losses. the nasdaq 100, big tech leading the gains. the nasdaq 100 of 1.4% -- up 1.4%. you

personalized advice so impressive your money never stops working for you with merrill.rica company. 76% of 23andme health customers surveyed reported taking healthier working foactions.th merrill. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. >> the numbers this morning were close to what we thought. >> progress on inflation for now. that cannot be ignored. >> this inflation is still going to be with us but like so many of the trends we are seeing nothing moons -- nothing moves in straight lines. >>>> i think the economy is growing above trend. i don't think the fed has done enough. >> short duration tips to make sense to me. january 2025 yields 3%. >> recession seems to be off of everybody's mind. i think that is probably a mistake at this point. kathleen: bloomberg tv guess r where acti to the date -- bloomberg tv guess reacting to data. let's get more on the market reaction and more to the latest cpi print. joining us as the cofounder, ceo and cio of defianc

personalized advice so impressive your money never stops working for you with merrill.k of america company. 76% of 23andme health customers surveyed reported taking healthier working foactions.th merrill. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh david: so, your company went public not too long ago through a spac process. i think it was a spac that was involved with richard branson and virgin. any regrets about going public through a spac? anne: it is interesting, because it is definitely not the most positive of market times. um, but i love the process. like, being public, the process of going public is a lot of work. and so when we decided about, or we at least looked at opportunities to go public, like,

personalized advice so impressive your money never stops working for you with merrill.of america company. haslinda: markets doing a lot of mulling the right now i had of the job stayed out of the u.s.. it is said to remain resilient. perhaps the fed will use the data to continue to tighten. china trying to put a floor when it comes to the drop we are seeing in the markets. also in terms of sentiment among good investors. let's get more from ashvin murthy from avm capital. his fund is up 2.5% this year alone. front and center, the fed. >> i think the fed is probably done with their last hike. fed funds are now above nominal growth, not something we see often. i think they have done enough on the interest rate side. we have seen inflation come down. the three-year annualized rate is under 3% now. what they are looking out for now is the jobs market. we are going to get the report today, it will probably be strong. but it is starting to drift lower. we expect the jobs market will be soft enough to give them a chance to cut rates. haslinda: we saw two here yields up about 1

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personalized advice so impressive your money never stops working for you with merrill. a bank of america company. david: for many people, you are a role model. -- your oldest brother is a well-known bioethicist and mineral dr. -- medical doctor medical doctor on his tv a lot for his views on health care. rahm emanuel is our ambassador to japan, previously was chief of staff to president obama and mayor of chicago. you are the youngest of the three brothers? ariel: as my father used to say, god rest his soul, said [ speaking yiddish] david: that means "small fish" correct? ariel: yes. david: what is it your parents did that produce these three very talented children in different areas of life who have all done quite well? ariel: first, i would say when we were growing up one of the things i tried to do with my kids, my four children, is they let us figure things out. they did not program us every hour what we were doing. you had to fend for yourself and you had to figure things out. the other thing my parents did was education was crucial. if you didn't perform, then the

personalized advice so impressive your money never stops working for you with merrill. bank of america company. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh david: i'd like to talk a little bit more about als in a moment. let me talk about your background. where are you from? dan: i grew up in birmingham, michigan, a suburb of detroit. david: ok, and your father was? dan: my father was a lawyer who became the chief judge of the michigan court of appeals. david: and at what age did he contract als? dan: 66 years old. my mother, who was a psychologist, had just died of a rare neck cancer at 64 and literally within weeks of her dying, he started to show symptoms that would later be diagnosed as als. he started to limp, basically. david: you are at what age now? dan: today, i am 64. david: so about the same age as your father. dan: a little bit less. david: where did you go to college? dan: harvard. david: what did you study there and what did you want to be? dan: i did not know wha

personalized advice so impressive your money never stops working for you with merrill. bank of america company. 76% of 23andme health customers surveyed reported taking healthier working foactions.th merrill. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. >> let's take a look at corporate stories, jd.com's u.s. trading shares fail -- felt after they changed -- they change their merchandise. profitability of the core retail missed estimates as they boosted marketing expenses to fend off challenges from rivals like alibaba. goldman sachs also expressed concern about the quarter growth. a security's regular has built a case against hengda about real estate disclosures, and they say they have cooperated and will fulfill their disclosure obligations. the agency inquiries are common and do not necessarily lead to penalties. >> we will be watching hong kong shares of tencent later on thursday after the company reported disappointing second-quarter earnings, let's break

personalized advice so impressive your money never stops working for you with merrill. company. how can you sleep on such a firm setting? your money never stops working for you with merrill. gab, mine is almost the same as yours. almost is just another word for not as good as mine. save 50% on the sleep number® limited edition smart bed. plus, 60-month financing on all smart beds. shop now only at sleep number®. if you're trying to get a view of the whole organizational financial health and you're trying to do that through multiple systems, that makes it very, very cumbersome. ♪ it's not just tech, it's not just people. it's how they work together to provide that experience to the customer. as a finance organization that is what you want to do. ♪ shery: outflows from etf's tracking chinese equities are seeing a third consecutive week of outflows. let's bring in karen with more. we've seen efforts to boost confidence. and yet, we see the exodus. how bad is it? >> we are seeing foreign investors pull their bets at a fast pace. i followed her like ticker em which is a broa

personalized advice so impressive your money never stops working for you with merrill.francine: greece is one of the main routes to the european union for migrants from asia and africa. in june, hundreds died or were lost at sea when a fishing vessel crowded with asylum-seekers capsized off the coast of greece. i spoke to the prime minister about the tragedy. prime minister, coast guards of course have not been portrayed in a positive light recently because of migrant boats that have sank. are you taking action to make sure that does not happen again? mr. mitsotakis: look, we have been implementing a migration strategy that i have always described as tough and fair. our number one priority is for people not to drown at sea, but also to protect our borders. my theory is simple, the less people you have at sea, the less likelihood you will have a tragedy like the one that unfolded in international waters off the greek coast. we have been able to make the strategy work in the east, we have broken the smugglers' networks. it is very unfair when i look at -- for example, ngo

personalized advice so impressive your money never stops working for you with merrill.ank of america company. ♪ >> take a look at these big moves in the session left plunging 6% left the slowest growth since the pandemic leaving investors to be a little bit spooked and overshadowed that better than expected. and raising. v. production guidance. but investors are trying to decide what to expect given that they do see heavy losses to continue as the company boosts production. wework plunging. they have sustained loss and canceled membership. this office where the company has struggled for the past few years. cow pon, the south korean e-commerce company posting its straight quarterly profit after logistics an membership programs. you have the stock gaining almost 6%. we have more to come on daybreak asia. this is bloomberg. wow, you get to watch all your favorite stuff. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you

personalized advice so impressive your money never stops working for you with merrill.ank of america company. how can you sleep on such a firm setting? your money never stops working for you with merrill. gab, mine is almost the same as yours. almost is just another word for not as good as mine. save 50% on the sleep number® limited edition smart bed. plus, 60-month financing on all smart beds. shop now only at sleep number®. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com david: i wish i had something more exciting to tell you here on futures, but the data is not cooperating with the narrative. but that is the point right now. gains overnight, we are still feeling gains in the asia-pacific, but it is an indication of what the markets will look like as we approach the european and u.s. open. that takes us into the goldman story. bloomberg has learned that goldman sachs attempted to sell i

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(aidyl) hi, i'm aidyl, and i lost 90 pounds on golo. working for you with merrill.ed with weight loss and weight gain my entire life. with all the yo-yo dieting i did in the past, i would lose 20, 30, 50 pounds just to gain them over and over again. thanks to golo, i've been able to steadily go down the sizes in my closet and keep the weight off. for the first time in forever, i feel in control. (announcer) change your life at golo.com. that's golo.com. caroline: welcome back to bloomberg technology. i am caroline hyde. ed: i am ed ludlow. let's get to talking tech. openai has a corporate version of chatgpt with privacy safeguards and added features like longer text prompts. this in an effort to make money from its well-known chatbot. google is adding ai tools from companies like meta and anthropic to its cloud platform. weaving more generative ai into its products and positioning itself as a one-stop shop for cloud customers seeking to tap into the technology. placenta majority chuck schumer -- leader chuck schumer plans to bring several tech chiefs to bring in the

personalized advice so impressive your money never stops working for you with merrill.a company. 76% of 23andme health customers surveyed reported taking healthier working foactions.th merrill. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. haidi: appearing to have stung by fraud. the u.s. trader of metals has filed suits in london and singapore claiming that after paying several million dollars for a shipment of nickel, it discovered only containers of steel ways. bloomberg su keenan has more on this. this is very similar to another alleged fraud earlier. su: nonexistent nickel. earlier this year we were -- we reported on a case involving a $600 million alleged fraud against a major commodity house, and this year, it happened earlier this year and it shocked the industry. now we've got another case involving a u.s. midsize commodity house, mainly focused and known for aluminum. but they are saying that they spent more than 3 million to buy nickel this time last

personalized advice so impressive your money never stops working for you with merrill.of america company. my cpa told me i wouldn't qualify for the erc tax refund, so i called innovation refunds. their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first step to see if your small business qualifies. shery: we take you live to hong kong. it is not as cloudy or as gloomy as we had expected given that we are preparing for a direct hit by the super typhoon. that could be the strongest storm to hit hong kong in at least five years. we are not necessarily seen that yet. but the city has issued a storm warning number eight that has shut down the stock market in the city. we have lived through these typhoons and we have to give it to our producers who are in the office trying to produce these shows. haidi: i remember so vividly when we were both in hong kong. it makes me nostalgic for hong kong. but this could be a pretty significant one given that we saw the disruption when it went through the philippin

this is bloomberg. ♪ ir phones for financial insights from merrill.ll? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. >> take a look at what's moving in tokyo, we are following toyota shares up more than 3%, likely to remain strong in the near term. that is under earnings calls, according to analysts. the first quarter operating profit beat expectations. we had seen toyota profit topping estimates and sending shares to an all-time high. nomura, seeing a completely different picture at the moment. it fell more than 7% at one point. we are seeing that downside of 6.9%. profit rising less than analysts had expected and the first fiscal quarter. net income also rising, about ¥23 billion in the three months endin

. ♪ fabulous surroundings... for financial insights from merrill.ling a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. paul: taiwan's elections in january will help set the course for u.s.-china relations for years to come. the foxconn founder's bidding for a -- bidding for the presidency. stephen engle joins us now. tell us where you are and why. >> we are on the small island just about six miles across the bay from the major chinese city of xiamen. you can normally see it in the outline of the haze and the fog. it's very close. about 6.2 miles across the bay. it's always been on the symbolic frontlines. you can see the steel bars filled with barnacles. they have been in place fo

personalized advice so impressive your money never stops working for you with merrill.. matt: this is bloomberg markets. we still don't know who will replace james gorman at morgan stanley. we do know his successors long list of challenges for the company is long. >> i like real businesses real revenues real profits. >> in may 2023, he said he plans to retire sometime in the next year. shareholders were disappointed, the stock fell on the news. the question now is whether morgan stanley's next leader can build on his success. the three internal candidates. the head of institutional securities, the head of wealth management, and the head of investment management. over the board chooses, analysts say the quicker the handoff the better. the next ceo skill set must include the ability to deal with liquidity that will likely be stressed and money that will cost more. regulators are monitoring big companies getting bigger. risk management will also matter. >> it was also his personality, he had the charisma to bring two sides of a bank with different cultures altogether. the

personalized advice so impressive your money never stops working for you with merrill. bank of america company. how can you sleep on such a firm setting? yogab, mine is almosts workinthe same as yours.rill. almost is just another word for not as good as mine. save 50% on the sleep number limited edition smart bed. plus, free home delivery when you add a base. shop now only at sleep number. >> i think the fed's record on these things is wonderful. it is almost guaranteed to be wrong. they have never called called a recession, particularly not during the great bubbles. guy: the fed's record is perfect, they always get it wrong. you want to watch the full interview, and i recommended, you will see it on bloomberg wealth and bloomberg television. i am seeing more of that, it is ever worth paying attention to. our we now in a 5% world? how do we adjust from a zero world with a lot of qb to a 5% world with a lot of tea? how is that going to last? the first thing is are we in a 5% world? roland is joining us now. fantastic to see you. are we in a 5% world and what does that me

personalized advice so impressive your money never stops working for you with merrill. bank of america company. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. hey corporate types. would you stop calling each other rock stars? you're a rock star. you are a rock star. no more calling co-workers rock stars. look, it's great that you use workday to transform your business. but it still doesn't make you a rock star. so unless you work with an actual rock star. hi, i'm ozwald. hello ozwald. pam, you are a rock- i wasn't going to say it. ♪♪ ed: time for talking tech. india is the first country to land a spacecraft near the moon's

personalized advice so impressive your money never stops working for you with merrill.erica company. >> the first active exchange traded fund will be launched in september by nomura, but the boj unlikely to participate as they reduce etf purchases. we now have the latest. rebecca, what is this about? rebecca: japan launched the first ever actively managed etf fund the seventh so there will be six new etf's across three issuers. and so, in terms of actively managing them, this is the first time japan has had an actively managed etf. japan ranks first in asia pacific with more than $500 billion of assets under management but they have been active in the etf space thanks to boj, so how this will do, it will be interesting to see what happens but since the boj governor kazuo ueda has been in office there has not been much etf's purchase. be on the etf purchase was in february earlier this year so these etf's will have to grow organically to be successful. >> what are some examples of successful active etf's we have seen in recent times? >> so active etf's have done work glo

personalized advice so impressive your money never stops working for you with merrill.ank of america company. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. alix: the news heard around the bitcoin world -- bitcoin grayscale and bitcoin trust jumping. the court overturned a decision to block the etf. turning us is kailey leinz. this is a total green light? definitely an etf or grayscale? kailey: huge seven that direction but it will not happen tomorrow. this is just a circuit court saying that the sec was arbitrary in its decision to rejected this proposal. this is a quote from the ruling -- the commission failed to explain

personalized advice so impressive your money never stops working for you with merrill. america company. vonnie: this is "bloomberg markets." i'm vonnie quinn. ahead of the long holiday weekend, affordability is a big question for many travelers. under the soaring costs of living, a good deal could be make or break in terms of locking down your next vacation. canadian startup hopper is betting on that with its price prediction tools. let's bring in cofounder of hopper dakota smith for more. first question on anyone's mind is when do i need to be booking if it is a vacation coming up and i want the best deal? dakota: thanks for having me. short answer is book as far in advance as you can. that is where hopper's tools come in handy. you can set up a trip, received price alerts, and receive information about price volatility. consumers are booking last-minute still, a trend that has carried over from the pandemic. that is costing them what it is time to book because it is costing them more due to that. jon: a lot of focus on ai this year, something that you have been focuse

personaliz advice so impresse your money never stops working for you with merrill.merica company. dani: wednesday, the 30th of august. after gdp adds to the data deluge of the week, the countdown starts now. announcer: this is "bloomberg markets: european close" with guy johnson and alix steel. dani: 30 minutes to go until these markets close. alix steel is in new york.

personalized advice so impressive your money never stops working for you with merrill.of america company. david: welcome back to the show. might have seen this across your bloomberg terminals and television screens, the gop offering $7 billion worth of its assets portfolio for china logistics to pick through those assets -- glp. the assets, and a review under multiple forms and projects, according to people familiar with what is going on there. there is obviously still some due diligence taking place. essentially, 7 billion dollar portfolio of assets, china logistics sifting through this. perhaps ultimately good for them. yvonne: alright, let's look at china airlines now, it is planning to boost its fleet with more fuel-efficient aircraft. we spoke to the president on his expectations for demand and passenger volume growth. >> we are coming back. the passenger is about 50% of the same volume compared with 2019. pre-covid. and for the first half, 2023. but right now we are looking for very significant increase in the second half. 70% to 80% coming back, compared with pre

personalized advice so impressive your money never stops working for you with merrill.pany. kriti: this is "bloomberg markets." you are looking live at the principal room. the pimco founder joins bloomberg markets at 2:00 p.m. new york time, 7:00 in london. stay with us. this is bloomberg. ♪ it is etf friday. hedge fund veteran george noble entry into the etf industry has come to an end. isabel lee will join us. a 59% plunge, what? isabelle: it was invested in tech firms but had large bearish positions. the largest was on qqq at is up 40% year today and had a huge positions in nvidia, apple and those are rallying. they are the ones rallying market. it just didn't work out. guy: naming this thing nope maybe was the giveaway. is this maybe a black eye as well, this has been a market that continues to work for the passive and not the active. is this another example of that? isabelle: it is because a lot of people are saying it is a stock pickers market. a lot of which will funds have missed the tech rally. you never want to be to heavily allocated on something and then not

personalized advice so impressive your money never stops working for you with merrill.amsonite ceo kyle says his company has no active plans someplace right now for a second u.s. listing. he also told bloomberg about the outlook for the company as he expects a further boost from pent-up travel demand. kyle: i think we are seeing our higher end brands samsonite is a premium brand within asia actually performing a bit better. it is the consumers at the lower end of the spectrum that are being a bit more cautious. american tourists is doing well but has 20 to go but the higher end brands we look at the china business and growth we are talking about, margin profiles improve because the consumers that are further up on the chain or exit performing a bit that are than consumers at the entry level. i think it is going to be fine. i would say and i think china is going to do similar in the u.s. has been feeling pressure on the consumer side but traveled demand is tremendous. pent-up demand for travel not just for chinese consumers that we see already in the best travel but the

personalized advice so impressive your money never stops working for you with merrill. bank of america company. ed: welcome to our bloomberg television and radio audience worldwide. general motors unveiling its first all electric 2025 escalade iq. let's send it to matt miller sitting down with the general motors president, mark reuss. matt: we appreciate you joining us. this is a very powerful vehicle with 450 mile range and a high price tag. who are you aiming this product at? mark: the first escalade we sold over one million units. one out of every three suvs in this luxury segment is an escalade. we have a very successful brand. it has been an unbelievable vehicle for cadillac and general motors. we know that there are people who are wanting an electric full-size suv. we will be the first ones to really bring it here with an iconic brand. this is in addition to our internal combustion engine escalade.you can see it in the next step in the design language for cadillac, inside and out. this will be on the cutting edge of everything. it is the escalade standard of the w

personalized advice so impressive your money never stops working for you with merrill. bank of america company. >> we saw a moves into sectors today. financial and also health care. eli lilly led the gains higher. sales of its treatment by past expectations and a new study erased the prospect that it's drug could affect heart diseases. weight watchers also bought a telemedicine firm that prescribes obesity medication so it soared as much as 24% at one point today. you been watching these two sectors closely. let's start with health care. is there more potential for upside? >> absolutely because what we are seeing is the beginning of consumer adoption of these drugs and we are beginning to see secondary benefits like benefits that are showing up now for heart disease. by lowering the way is helping -- the weight it is helping people strokes and heart attack as well which gives it further indication to be included in corporate health care plans. we are synced the uplift that will happen when later this year or potentially next year you will be able to get these drugs in p

personalized advice so impressive your money never stops working for you with merrill. bank of america company. >> this is the great conundrum right now. the consumer, we know, is strong. tight labor markets. income growing faster. that's supporting earnings and dominating even though the fed shown liquidity, like they said in that clip, they are not done yet. for now i think the consumer is creating u.s. exceptionalism dominating the fed. guy: exceptional u.s. consumer? we know one or two of those. that was rebecca patterson at edgewater. speaking in the last hour. speaking of alix. [laughter] going back to the question of the day, does the u.s. prove exceptionalism? our guest is from pca. do the european earnings justify putting money to work in the united states? is the european earnings season in any way good enough to justify money going towards europe rather than the u.s.? what do you think? >> i think that what matters more than the earnings season is what we will see in q3 for q4. that we could see some of the positive things that happen in the u.s. in the first

. ♪ but everyone's looking at their phones for financial insights from merrill.ing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. 76% of 23andme health customers surveyed reported taking healthier working foactions.th merrill. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. i need it cool at night. you trying to ice me out of the bed? baby, only on game nights. you know you are retired right? am i? ya! save up to $500 on the new sleep number® smart bed. plus, 60 month financing on most smart beds. shop now only at sleep number®. >> look at economic numbers. exports are actually down a

personalized advice so impressive your money never stops working for you with merrill.ompany. alix: coming up, the deputy treasury secretary joins us at 5:00 p.m., new york time. this is bloomberg. ♪ one stock we are watching is dizzy on a life sciences. they are way up this week. they got approval from the fda for phase two trials of its alzheimer's drug. dr. howard weiner is the chairman of the scientific advisory board. he joins us now. thank you for joining us. can you walk us through what this phase two trial means and the success of it? dr. weiner: we just got approval from the fda to do a trial in patients with alzheimer's. we have a drug which dampens inflammation in the brain. we have been using it in multiple sclerosis and have had positive results. we can see the decreased inflammation in the brain. we believe this will also work on alzheimer's. we applied to the fda. they agreed as well. we had approval and are now going to begin screening patients to treat them with this -- it is like a nasal spray with no side effects for patients with alzheimer's. guy: i

personalized advice so impressive your money never stops working for you with merrill.i: oil is gaining after saudi arabia extended production cuts by another month. the opec-plus leaders is a decrease of one million barrels a day will last into september. that leaves daily output at 9 million barrels. they also said the reduction may be extended or even deepened. opec-plus is said to hold a meeting on friday to gauge the impact of those supply cuts. billionaire harold hamm says oil prices could end the year below current prices. the continental resources chairman spoke to bloomberg about his outlook. harold: you need to look forward two or three years and demand keeps rising. hopefully they will get by the depression since the area we have been in for the last two to three years with what has happened here with the economy in the u.s. so, looking forward, we need to be prepared for that. i am saying we are nearing a breaking point, certainly we are here in the u.s. >> i was talking to scott sheffield and he said we could see $100 by the end of the year. do you agree wi

personalized advice so impressive your money never stops working for you with merrill.k of america company. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh ed: time for talking tech. first up, baidu reporting revenue that rose by the most in more than one year. sales jumped 15%, which was ahead of expectation. china's leaders joining tech appears in rediscovering growth as beijing relaxes its grip on the private sector. microsoft got a new chance at winning approval from u.k. regulators after the tech giant submitted a substantially different deal to the companies -- the countries for a $69 billion takeover. the cma will now open a new deal probe after microsoft said it would give ubisoft rights. caroline: let's get more on that. all we were waiting to hear how they were perhaps going to appease regulators in the u.k., did this one take you by surprise? >> we had reported a little bit ago that they were looking at this potential move. they are goin