here is the strong new zealand dollar. new zealand is better than good. brendan: new zealand is an inventive economy. it is a silicon valley type investment. tom: developing nations stumbled. expect the unexpected. new zealand slashed their interest rates. it is 100 parts china. interest rates are rising. central banks are cutting their target rates. you write these beautiful reports. lots of charts. what is a chart right now that in capulet -- encapsulates what we are seeing now. >> i think it is the basic labor force. it has been dead flat for four years. it is now picking up. this is a sign we have a recovery in place. they are talking about rates starting to go up. on real terms, they have been going out -- they have been going up for a while. with negative rates in europe the actual rates are flat. tom: can janet yellen ignore the economic recession? >> she has already said she would. she stayed independent. when she is looking at the jobs number, the labor force number, they are all going up now. she recognizes that. the fed wants out of this enviro

up next, destination new zealand, jet star.juststar has an -- tor has announced plans extend into new zealand. jeb: they are making an attempt to crack new zealand's regional domestic market. they already fly between the main cities in new zealand. they have announced a plan to fly smaller planes, 50-seaters between 15 of the smaller cities. the ceo held a press conference a short time in new zealand. he said jetstar is going to bring competition to monopoly domestic routes around the country. the big winner here is probably going to be the consumer. anchor: the key question is the big enoughew zealand' to support so much competition? paul: that is the big question. unless you are from this part of the world, you probably have not heard of it and the population is quite small as well. .amilton has 150,000 people you can drive to auckland airport in a little over an hour and get a better deal on a flight there. so it will be interesting to see if jetstar can make this work. others have tried and failed. new zealand's regional ro

the bank of new zealand started saying, we need to see more growth.re doing is saying we think we can get more growth even though it is good. whether it is here or new zealand, if they are cutting rates, houses are not cheap in the big cities. any of those rate cuts are about fueling the property room fueling the asset booms. anna: thank you very much for joining us. good to see you. guy: we asked you whether the u.k. government should be selling rbs at a loss. a few answers coming in. that is a sensible answer. if there is no current discount it is a moot point. anna: you will find us on twitter should you wish to seek us out. greece is downgraded after failing to make friday's imf payment. we will speak to the man who is in charge of those ratings. that is after the break. ♪ anna: guy:guy: we have 15 minutes to go until the european equity markets open. anna: the u.k. chancellor and the governor of the bank of england used the annual mansion house dinner to outline banking initiatives for the year ahead. mark carney called for a cleanup of the city

they have just launched netflix here in new zealand.he catalog of content that you can download is roughly 10% of what they offer in the united states. that is completely unfair. and because people do not get that access, they are looking for the stuff elsewhere. so it is a problem created by the content creators. i am not responsible for that. if they would have an offering that had all content globally available for a fair price on any device, piracy would shrink into insignificance. but they are not doing it. emily: but if it is illegal and you are not trying hard enough to take it down or you do not take it down, doesn't that mean what you are doing is illegal too? kim: no. i have tried everything. we were just a small company based in hong kong. we did not catch up with the latest technologies. we were not even given an opportunity to do that. emily: do you think the artist who makes the song, tv show, movie, the videogame creator -- do those people deserve to be paid? kim: absolutely. yes. emily: so if those people deserve to be p

the biggest drop for the new zealand currency since september 2011. the start of more to come? we will talk about that after the break. ♪ jon: we are about 51 minutes into the trading session. the stoxx here heading for a second straight day of gains. chinese industrial gained in may. retail sales were in line with the previous month. the data suggests stabilization in the second largest economy. australia reported a drop in unemployment. the number rose by 42,000. the australian dollar rose on the news. the bank of korea loaded key interest rates to a record low. the central bank cut the seven-day repurchase rate to 1.5%. the highest since august of last year. the reserve bank of new zealand lowered its interest rates for the first time in four years. it was cut by 3.25%. the central bank signaled another rate cut might be appropriate. more on that story and to wrap up the trading day. let's bring in the head of g 10. we will get to u.s. retail sales in a moment. we are coming into this. not everyone expecting a rate cut. the idea now is the first in

there are quality issues coming out from new zealand, it could be a specific issue to new zealand. i think milk coming out of europe, i think they are accessed about -- accessed -- obsessed about quality. that has been a big source of profits. milk, we are working on it. , if you lookarket at higher bonds in china, even with default, they have allowed companies to default, there has been a 4.6 percent return so far this year on chinese high-yield bonds. compared to almost 1% loss on u.s. government bonds erie it -- u.s. government bonds. one of my hot topics was the bubble conversation. 60-70% chance a bubble could warm in the medium term. but a lot of people say, don't worry, we are not there yet. --ical bull market lasts months. this should run in 70 month. if a correction inevitable? >> think prices need to go higher before you can call it a bubble. then you end up with a 20% decline. i don't think we are there yet. we would argue that share prices are going to be more muted performers. if you see a huge run like you have done in china, the share prices and the market earlier th

i want to end with new zealand as well, cutting rates. the governor talking about how they are going to be adjusting things down in terms of the key we dollar. he said it remained overvalued. more cuts. falling milk prices, oil prices. for straight years. belowe seen it held wheelers target. the shod -- rishaad: we want your thoughts. australian dollar is higher. unemployment falling to 6%. we can head to the new zealand and austria editor. way more than anticipated. what does that tell us? reporter: it shows there is perhaps some impact on hiring intentions. it underlines the delicate balance the governor has on his hands. on one hand, trying to help out the parts of the economy that are struggling. set against that, strong housing market in sydney. some of the things going on in sydney are crazy. is now signs employment picking up. the question is whether he has scope for another cut. he thinks it is possible that they could cut later. but data lake this makes his job harder. a saw it reflected in stronger reaction on the australian dol

asia, new zealand is open. down about a fifth of 1% on the index. look at the bond markets, we are at 232 right now. look at the session yesterday. eight or nine basis points, 232 brings us back to levels of early last week. that is a one-year look of how yields have gone up and down. we are still down 10%. this is the important thing. from 140 or 142, i think this was the end of january. on thestill up about 40% 10 year u.s. yield. i mentioned that the u.s. were to 32 right now, down about points. eight basis japan yesterday, at 40 8/5 for that. moving along at the dollar index. a very important gauge. it dropped to a one-month low. a fairly steep drop on the dollar index. 94 29 is the level right now. dollar yen, where are we? 123.48. there we go. big drop in dollar yen. we are looking at dollar strength compared to this morning, still flat. 123.48. oil prices, let me end with this. back below 60. a big drop there. gold getting a spike up. of a few points. somewhat flat for australia. futures, down a few points for that. back to you. angie: in oth

cuts to come, new zealand rates for the first time in four years. low ratesuest says are the new normal. one first look returns. ♪ of the stories making headlines, president obama will send for 50 more personnel to train iraqi forces combating the so-called islamic state. they will advise at a base in eastern embarq province. the white house says they would not serve in combat roles. the new deployment brings the number of personnel in iraq to just over 3.5 thousand. leader's opposition could meet the chinese president today in what would mark a shift oldest allies.'s the nobel laureate arrived wednesday. it would void years of tensions myanmar moves away from military rule. pope francis has told russian he should doin more to bring peace to the ukraine. putin cap the pope waiting for more than hour for their private meeting. underway, frances asked that aid workers begin given access to address the crisis. the kremlin spokesman said the kremlin leader was held up well visiting the expo 2016 fair. back to markets. new zealand cuts rates today. our co

>> and the number one thing about new zealand it was going to be the bad mitton team but they had to their names due to complaint. the new number one are not only the boys i dated in hoopt. >> they r there are your top 10. >> if you are sloppy it is time to shopy. there is a new services that imposed crap on-line which is really the best time to do it. users get a text message every sunday at 2:00 in the morning with suggestions from intriguing products. you may want it after limaritas. a novelty came out. >> that is the lockness monster. >> how can you see that far? a t-shirt covered nicholas cage's waive if you want to text eeeer. that's heeey. 551. 773, 7865. now sean is it a great idea or a really good idea. >> buying garbage when you are drunk, it starts with the airplane and ends with a garden gnome. >> like the the grans big foot coming out of your player. it is also a garden. i bought one of the staircases to bed and i don't have a dog. >> it would be funny if you didn't think it was. >> some people are high. i don't have a platform. do either of you have to enjoy this? and w

checking in on markets in asia this friday morning for us, to new zealand. we are seeing new zealand equities selloff .3% lower. dollar spot continues to be under pressure. this will continue next week. counting down to the opens in australia, japan, and korea. nikei 225 last closed in the green. chicago futures pointing to a lower open following wall street. dollar yen weakening which should help exporters today. lessop story right now, than three hours after telling hasle not to worry, greece put off a multimillion dollar payment to the imf. it invoked a rare option to buy time as it tries to negotiate a deal with creditors. shery ahn is following the latest. a rare provision only used once by zambia. that would be a solid african countries and that was used in the mid-1980's. months, greece appears to be taking a brinksmanship approach down to the water because we are seeing it come more confrontational. economics professor at nyu saying that delaying the payment to the imf is an escalation of confrontation and increases the risk of bankruptcy. greece tel

to new zealand where we are seeing gains of a quarter of 1%. it is gaining off of a five-year low. the u.s. dollar, it hit its lowest level in almost five years. let's head over to japan. nikkei to 25 last closed in the green. 20,569. that is your level, 12 days of straight games. a open, three point give or take. the yen, lowest level in 12 years. markets are closed there for public holidays. top level talks underway in germany as senior figures try to come out with a deal for greece. bloomberg news european government editor alan crawford. what can you tell us about the latest? an: i can tell you that the talks have just broken up. the german to governor issued a statement -- government issued a statement saying that the negotiations to resolve the deadlock have intensified. this is essentially a secret anding that the government the european commission and european central bank all on the to keep a lid meeting from berlin. we have draghi coming unannounced this evening. and the head of the commission, the whole point was to try to in some kind of breakthrough this four-month old

the central bank -- in new zealand. suggesting that the exchange rate is what is needed in this period it is a new zealand dollar, the worst performing of the development market currencies this year. that is the latest news that we're seeing in how it has softened in the last 24 hours or so. here are some of the other stories you need to know this morning. thousands of protesters took to the streets in athens in support of the country's anti- austerity. official also gather in luxembourg in an i tempt -- attempt. the u.s. federal reserve is -- a pickup in the economy is keeping it on track to raise its rate from near zero later this year. policy makers point to an improvement in the world's biggest economy after slumping in the third quarter, chair janet yellen said shepts she wants to see more decisive evidence. in previous years different countries started ramadan on different days due to varying interpretation turnovers lunar calendar. this year religious authorities from saudi arabia to egypt to iran to indonesia re

a policy shift in new zealand sent the new zealand dollar sharply lower.ion cut its benchmark rate for the first time in four years. we end in greece. investors poured into greek stocks on thursday. the imf announced that there has been little progress in talks and their delegates have bailed out of talks in brussels with major differences remaining. let's get over to mark barton who has been pouring over these markets. we hand off the baton to you. mark: looking at sovereign bond markets, on track for their worst quarter in three decades as measured by the bank of america merrill lynch global government index. the gauge has dropped 2.9%. that is the biggest quarterly loss since the first quarter of 1987. in these last three months, has any global sovereign bond market posted gains? we've got this wonderful function called the bloomberg world bond indices. you can see all the three-month returns right here. get in here and have a look. treasuries down by 1.1%. these are all the individual bond markets in europe over the last three months. greece falling. t

books himself a flight to new zealand for 24 hours.gets packed up quickly figures out he's in australia, his passport there, checks into a flight jumps on a plane and just heads off to an entirely different country to have a one-day adventure, instead of going to work and sitting in a cubicle. as you can see from the air it's beautiful, "lord of the rings"y and he's south of the island, so sunny, jumps on a bus and heads in to explore the country. gets himself a bottle of water and drinks it straight from the river because it's new zealand. takes a boat trip in doubtful sound, i always wanted to go there, never had the chance. >> only 24 hours? >> he's just getting started. went on the boat saw some dolphins a walk gets in a car, what can make the day more interesting? i know bungy jumping. they love doing that stuff in new dee zee land. in the middle of nowhere, gets himself strapped up and takes the plunge. >> what's his excuse for not going into work that day? >> he's sick of work. that's a big enough excuse. >> did you mean sick or

it is looking at increasing its partnership with the likes of air new zealand, these would provide more destinations. it also plans to develop outside singapore to give it a broader network connectivity. case in point, india, has gone into a joint venture with

the reserve bank in new zealand ripping the floor away.% in today's session against the dollar, one of the biggest losses this year. for a loss that big, you have to go back to 2011. the reserve bank in new zealand cutting its rates in the first time in three years. really taking some pain in the fx market. francine: jonathan, thank you so much. in about 25 minutes from now, "surveillance" with tom keene. tom: retail sales is arguably the key economic indicator. michael mckee suggests retail sales will be a good litmus paper for a better american gdp. bft on the front page showed developed economies doing better and some of the emerging market economy starting to struggle. i agree with jon ferro that the royal bank of new zealand announcement is shocking profound, it will have ramifications all the way to the fed in washington. francine: tom, thank you so much. it will every percussions around the world and i know that is one of your focus is on the show. the mayor of paris says the french capital is finally returning to normality followin

. >> reporting from new zealand playing host to some of the world's best up and coming football stars. it's a tournament that's been overshadowed by scandals within the organization that supposed to be running the game. >>. u.s. president barack obama signed into law new legislation that restricts the government's ability to collect the phone records of americans. earlier the senate passed the freedom act overhauling u.s. surveillance laws. we explain from washington d.c. >> what the usa free dam act does is restore the surveillance powers. no longer will the government be able to automatically record the date ling and time of every phone nobody of normal citizens making telephone calls. the private telephone companies will do, inc. the other change is that now the u.s. government will have to in order to access this information, which it wants to do automatically now needs to get a court order from the fisa court, foreign intelligence surveillance court. still not everyone is celebrating, the aclu saying when it comes to government surveillance the most intrusive tools remain intact.

the under 20-matches in new zealand. we'll have more from that later. >>> ukraine's defense minister said that the rebels try to take a town using tanks and up to 1,000 fighters. they were stopped by forces loyal to the government. a cease-fire deal was agreed to in february. separatists are accuseing groups firing at rebels in donetsk. electricity has been cut off trapping hundreds of miners underground. we have more from moscow. >> the supports person from ukraine military speaking to the russian news agency said that the fighters 4:00 a.m. local time large scale attack using ten tanks and up to 1,000 fighters on ukrainian forces positioned around the area of maryinka near the city of donetsk. they were forced to redeploy heavy weaponry, and both sides were supposed to have been called back from the front line as part of the minsk agreement signed in february. they say that the forces were not behind this attack, denied all responsibility for start t and said that a number of civilians have been killed up to 17 fighter

with theg is up exception of new zealand and the shanghai composite.e up about one third of 1% overall. i want to look at the oil and gas players here. you have this huge pop up in oil prices overnight. crude around 70 something. we have moved on with comes to airlines. why showed you of course is an update. again, that is down. if you look across the chinese airlines, eastern and southern -- all down as well. it really depends how long oil prices stay at this air level. while we're talking about china, transport stocks -- carmakers are down. jp morgan going the opposite direction. reversing the weakness. power, that is the other nuclear player that went public late last year in december. now trading below five dollars. this had anistaken, ipo a little under three bucks. very substantial, i want to mention that nuclear power -- very good day, up 40%. turns out the biggest ipo in four years, if i'm not mistaken? more than 200 billion in terms of suspicions. here, i thinkmath business trading at about 24 --es the current earnings interesting there. h.ck

if he comes, it will be awkward on many fronts given that new zealand didn't vote for him initials are unashamedly happy he resigned. surprised at the time. great news this would have happened on friday. we shouldn't have gone through the shah aid. ticket sales between qatar and portugal was lower than expected. that was more to do with the scandal. if f.i.f.a. officials were seen as abusing their power. future generations of fans may not have looked at the so-called beautiful game. >>> a 12-hour curfew is in place in the nigeria city of maiduguri, after a bomb exploded at a cattle market killing at least 50 people. there has been no claim of responsibility, but there has been repeated attacks in north-east nigeria by boko haram >>> in the democratic republic of congo at least five soldiers have been killed in the eastern city of goma. gunmen raided a depot monday night. three of the attackers were killed and 10 others captured. a local rebel group is believed to be behind the assault. >> u.s. president obama criticized binyamin netanyahu on israeli tv. president obama said his positio

paul: the value is found in the manuka tree unique to new zealand. 80% of a's as exports go to china,t of the fakes are uncovered. >> it is a real issue for us the credibility of what we've created here. the proposition to sell overseas is going to be challenged when you have counterfeiters operating. paul: the unique kanuka honey -- manuka honey association is working on stricter rule to ensure the gold keeps flowing. angie: before we go to break, a story for you. italy has reinforced its dominance of the pizza market. 60 top chefs worked through the night to create a pizza 1.6 kilometers long. the guinness world record confirmed it is a new record. organizers say the pizza weight nearly five tons including 1.5 tons of mozzarella. it was cooked for milan world expo. slices were free. coming up next, we are just hours away from the latest greek debt talks. the view from asia and how the region may be affected. you are watching "asia edge." ♪ angie: checking headlines around the world now. south korean ministers report more deaths from mers. the latest deaths take the number of victims

you've been there, but the people are so sweet and just so nice. >> seth: very polite people are new zealandersr me, there's such a thing as like too nice. >> seth: got it. yeah. >> just like little things like casual colloquialisms. like here in new york or in los angles which are the only places that matter in this country. [ laughter ] >> seth: thank you. >> there's like, you know if you go to the grocery store, the person checking you out will say, "hey, how are you doing." right? >> seth: yeah. >> they don't care. >> seth: right. >> they don't expect an answer. they just say it and we say it back. >> seth: it's a noise they make to begin the interaction. >> sure. it's just a social lubricant to get through buying the milk. >> seth: yeah. >> but in new zealand, and this happened multiple times, i would be buying my milk and the person checking me out would say, "hi, what have been doing so far today?" and genuinely wanted to know. [ laughter ] and my reaction was usually just sort -- like at first, i was just kind of like, are you like serious? like really? okay. and then after you answer,

. >>> we visit the private prison in new zealand. its job is to make sure that inmates don't come back. >>> well first up the latest developments on the war in yemen, and saudi air defenses are reported to have shot down a missile fired into the kingdom. state tv said it was fired from houthi rebels from their stronghold. this was a few hours after three saudi soldiers and a border guard are said to have been killed in an attack by houthis in border areas. we have the details. >> reporter: this is what houthi allied tv describes as an outpost on the southern border. yemen government fighters say they took control of the area area in jazzan. dozens were killed. renegade soldiers allied to ali abdullah saleh and houthis were involved. there has been skirmishes on saudi arabia's 1500km border. saudi arabia said the air defense system shot down a scud mile, and they believe the target was an air base in the sworn city. >> the houthis - surprisingly we didn't expect a saudi invasion. but for the houthis to invade 60 to 70km inside and con

to new zealand, where we are seeing downward pressure on new zealand equities. one third of 1% down. also counting down to the opens in australia, japan, and korea. let's head to japan. the nikkei 25 -- nikkei 225 closing -- opening up. strengthening is on the heels of what is happening in greece. the turbulent relationship between australia and no need. australian prime minister tony abbott refuses to confirm or deny that australian custom officers paid smugglers to return boatloads of refugees to indonesia. let's go to paul allen in sydney. at the moment, it is a war of words. indonesia's foreign minister is demanding an explanation well the australian foreign minister is saying that indonesia is to enforce the sovereignty of its own borders. she points out that boatloads of indonesian boats with indonesian crews are heading into australian waters. indonesia, for its part, is investigating this claim that surfaced last week, which said that a boat with 65 asylum-seekers on board entered australian waters and was intercepted by customs officials , who allegedly

here in asia, to new zealand, gains fractionally higher. new zealand dollar is at 69 u.s. cents.unting down to the opens in australia, japan, and korea, let's head to japan. we saw some recovery there. up, a higher open despite greece. dollar-yen slightly weakening. let's return to the top story, greece cost increasingly narrow window to strike a debt deal with european creditors. the asia-pacific market angle, and the latest. brussels,atest out of we have afp reporting a few moments ago that the greeks have submit their proposals, their revised proposals to brussels as of an hour ago. the european commission has not received the updated proposals from greece. that is something many to see if are to happen. compromise is the keyword investors will look for as area leaders and the prime minister get set for a monday showdown beginning with the finance ministers meeting. then the ecb will hold a conference call on emergency bank funding. critical to avoid a bank run. at seven :00 p.m., the leaders meeting. an emergency summit, one that angela merkel has perhaps questioned the valid

new zealand, gains. 71 u.s. since weakening. japan.ead over to threest closed in the red futures in chicago pointing to a higher open after gains on wall street. the dollar yen. it is weakening now. news.have breaking south korea's first quarter expanded on the quarter. looking at the year on year change it rose 2.5%. than expected. the previous was 2.4%. gdp.irst quarter revised greece and its creditors have once again burned the midnight oil. trying to hammer out a deal on debt. are optimistic. the head of the eurogroup lefty talk saying the meeting was good. on friday they face the first of four payments to the imf. we are watching this with breaking headlines. >> brussels talks have ended. they were late-night talks. as you mentioned, the europe left saying the meeting was good but the talks will continue in a few days. with them is inside and more optimistic town. we see him being optimistic, just to be shut down by his creditors. they are saying don't worry about the payments to the ims. that would amount to $329 million.

england has won the final match against new zealand. orleans fell 56 on short despite the half just. that is the sport. thank you so much for watching. we have more sport later. >> thank you so much for that and remember we can get more on everything that we've been covering on this news hour on our web website. the address is right there on your screen, www.aljazeera.com. i'll be back with more of the day's news. >> snooping on three french presidents documents on wikileaks show that the u.s. spied on three french presidents. >> hello i'm barbara serra. coming up in the next half hour. taking back territory kurdish fighters in northern eastern syria put isil on the back foot. doctors overwhelmed in pakistan where severe heatwave has killed at least 700 people.

the new zealand dollar weakening about .5% right now. counting down the opens in australia, japan and korea. let's go straight to japan. it seems like they are falling away. pointing to a lower open today. a third of a percent down. dollar-yen jumping, strengthening on the greek debt negotiations collapsing. straight to the top story which is greece. the situation went from bad to worse over the weekend. talks broke down, and unexpected referendum was called and the banking system shuts down. tom joins us on the line from athens. the greek prime minister alexis tsipras did tell people last night that we need to remain calm and patient. what is the latest now. tell us about the mood. >> it feels like the mood is changing. we're headed into uncharted territory. everyone is aware of that and people were relatively calm until right a and saturday waking up to the news of this surprise referendum that took officials in tsipras own government by surprise. on saturday morning early their work queues of people at atm's but even then there wasn't

to new zealand, we are we are seeing gains fractionally higher ahead of the rv decision on thursday. cents. steady at 70 u.s. counting down, let's head to japan. it was in the red. we saw a selloff on friday or nikkei to 25. this ahead of the jobs report that came out later in the asian trading day. futures in chicago for -- pointing to a higher open on the robust figures. dollar yen. we will check it out. a 13 year low against the u.s. dollar. one closed market to tell you about, no trading in australia queenit is a holiday for elizabeth's birthday. over to greece, facing a week of a week of urgent diplomacy to free up bailout aid and avert default. brussels after the prime minister faced a united front from g-7 leaders demanding reform and return to growth. grace was definitely high on the g-7 list? yvonne: barack obama made sure it was on the agenda this weekend. they said it was unanimous in the room, that reese needs to find a way to move forward. to prevent the risk of wider economic implications. again, the summit hosted by the german chancellor, who said we are of the opinion

to new zealand. it is fractionally lower. at 71 u.s. cents, we are counting down to the open in australia, japan, and korea. let's head over to japan. snapping that 12 day winning streak. the longest since 1988 and there you have it. chicago futures pointing to a lower opening this morning following losses on wall street. our top story. corruption drama has turned a new page with the sethise resignation of blatter. will step that he down after a special fifa congress. times" says he is the focus of a doing corey. -- an inquiry. i will call an extraordinary congress and [inaudible] held as soon as possible and a new president will be elected to follow me. as the new president. i will continue to exercise my fifa.on as president to new elections are going to be held. are joined by andrew martin. blatter was only reelected a few days ago. what has changed here? andrew: that is the big question. four days ago he dug in his vowed to survive his fifth term and he stunned iran by resigning. he is obviously part of the investigation. since indi

be able towill provide capacity particularly in australian and new zealand market.doesn't the deal change your business strategy at all? countries sucher as thailand, china, vietnam, indonesia, does this affect your strategy? mike wilkins: no, it does not. greater flexibility -- greater flexibility to do that strategy and we believe a is a significant endorsement by berkshire of the strategy iag has been following for several years. show salesparis air have surprised with boeing taking an early lead. it to rish almost $18 million airbus, $50rival, billion. -- $15 million. emerging-market carriers including saudi arabian airlines and qatar airways are in field for long-haul jets. >> we are producing planes that are obsolete in the current fleet at a much faster rate. the payback even at the lower fuel prices for the new is much faster than it used to be a you can thank the 788 for that. shery: and we spoke to the chairman on their make in india. india's biggest sport-utility vehicle plans to sell metallic components for use from a factory. >> we are going to be makin

in new zealand, we have a selloff. down,ird of a percent triggered by the impact in greece. we are also counting down to the opens in australia, japan, and korea. seemedack 24 hours, it like a deal lifting the market. nikkei, 18 your high, close to what 21,000. futures -- .28go lower open. you can get more on this and our top stories on bloomberg business, bringing together the best of business news, bloomberg television, and digital content in one address. greece talks resuming in brussels. that is one we are keeping an eye on. and of the little startup that could. valuationubling its to $10 billion. and lego's sustainability plan on bloomberg.com. check it out. hasr headlines, carl icahn unloaded his stake in netflix with a total profit of $1.6 billion. their market cap has soared eightfold since he first bought it. it is one of the leading stocks on the s&p 500. carl icahn holds 53 million apple shares, currently worth $7 billion. southeast asia's largest market is counting trade last year. put $700,000 into an education fund to improve systems after two trading breakdown

in session right now to new zealand. one third of 1% to down. ahead of a rate decision later this week. we are counting down the opens in australia, japan, and korea. chicagofutures in signaling losses in the rebound of the yen we saw yesterday that put pressure on equities. the dollar yen weakening. angie: it is 7:30 here in the morning in hong kong. this is the peak on hong kong island. ofs is a very clear look what is looking to be another clear day for us in hong kong. 30 minutes from the start of trading today in australia. we are on your tv and your mobile. you are watching "first up." ♪ angie: the top stories. apple has launched its new music streaming service in san francisco. apple music will be available at the end of june allowing the users to access millions of souls for $10 a month. they are the largest music retailer but wants to compete with streaming. >> the way you love music all in one place and that plays as almost anyone billion hands around the world today. one app on your iphone. the pressure is mounting on agrees with germ

let's check in on markets in asia right now to new zealand. .25%.of we are also counting down to the opens in australia, japan, and korea. this was the view from japan yesterday. 1.87% higher. it was up three days straight. s&p nears its record on wall street. dollar-yen slowly strengthening. asia withoday here in news that any deal between greece and its creditors may be threatened by opposition at home. there is growing unhappiness with the -- within the governing party. is greece bowing down to impossible demands? impossible demands and you hardliners not willing to give into eu demands with respect to its debt. reforms were outlined on monday and now will go before the european commission. the european leaders who will vote on this by thursday. we expect a final deal to be inked this day. a governor -- the government in athens is calling this reform harsh but they had no other option. they had to agree to this pension reform. changes to the tax structure, the sales tax, but also the income tax. that's really what they will be focusing on. this is a hard sell within his own party.

>> sure, i'm going out in three weeks to new zealand. maybe australia. there is a thune campaign.i want to step back for a second. how is it proved it was the french secret service agents that did this? >> they were caught red-handed. they were caught 30 hours later returning a camper van to auckland, to a man and woman pretending to be swiss tourists. the police interrogated them all day. took them to a hotel that night and said look, we're sorry we arrested you, we will take you to the airport tomorrow. use the phone, call room service, don't leave the room. they got on the phone and called up dias jihad quarters in paris and said, we did the job, it will be delayed a day. within hours, they found out the passports were fake from switzerland. they went back into it -- amy: so france took this possibility? >> never apologized. amy: the 30th anniversary is a good time. >> i'm not waiting for it. amy: why this title? >> it is a russian phrase that the prisoners were told when they were told how to survive jail so the fellow cellmate said, don't trust because don't trust the prison

even from new zealand. >> the say they are from mexico.hat is interesting is how the fish from all over -- like japan, different parts of the world have come here to be sold at market. >> they are brought to the market by air. flying tuna in to ensure maximum freshness was pioneered by the japanese. proof of how much they value tuna. at 5:00 in the morning wholesalers are gathering at the market. there are about 150 tuna wholesalers at the market to trade nothing but tuna. how do wholesalers buy tuna? >> this is the eighth generation of a tuna trading company with a 150 year history. how does he select tuna? first, he touches the surface of the tail section to check the meet. -- to check the meat. by kneeding the meat, he can tell how well it is marbled. how do you know which one is best? good wind? >> when eta is in good shape -- when a tuna is is in good shape they say it has the same character as win. and a person with elegant atmosphere is referred to as having good wind. in other words, like these tuna. >> a bluefin catches his attent

new zealand is just fractionally low, pretty much flat.t the start of the early morning session, new zealand is at 70 cents. also in australia, japan, and korea, let's head over to japan. the nikkei 225 last closed in the red, 1/10 of 1% lower, futures in chicago pointing to pretty much a flat open. we will see where the day takes us. the dollar/yen is pretty much unchanged. but we are going to be reacting to what happened on wall street, with stocks dipping on signs the economy is struggling to regain momentum. some parts of the many fracturing sector increased output, but others faltered. su keenan is joining us with all of the action on wall street. su? su: when it comes to sufferinging, it is and when one, starts to improve, another is suffering. this shows some improvement from early your weakness, but factory production unexpectedly declined in may as a slump in energy out deepened. the sluggish data suggested that militaryes and some products are still holding back american factories, and to quote one chief economist, manufacturing

and even the host of this tournament new zealand football is not keen on hosting him.f he comes it will be awkward on many front given that many officials are happy that he resigned. >> we shouldn't have gone through the charade of the election on friday. everyone could see the writing on the wall. >> ticket sales for this game between qatar and portugal were less than expected but that is mover to do with the more to do with the weather. but future fans may not look so well upon the game. >> whoever is the next president to have the job of cleaning up fifa and rebuilding it's image that's something that the international olympic committee had to do after ref aggravations that officials received bribes from the salt lake city organizing committee to host the host 2002 olympic games. >> they need to own up to the scandal. they need to take control of the narrative. they need to be the leader in arriving with the reform process, the changes that need to take place in fifa, not be backed into it by foreign governments, by the sponsors and by other influences outside of fi

. >>> and we go to the president of new zealand to make sure that inmates don't come back. >> i'm andy richardson at the women's world cup in canada where organizers are opening boots rather than men in suits can grab the headlines. really nervous... >> lives hanging in the balance... >> it's make or break... i got past the class... >> hard earned pride... hard earned respect... hard earned future... a real look at the american dream hard earned only on al jazeera america hello again, top stories here on al jazeera. heavy fighting in iraq's anbar province. 22 iraqi soldiers and shia militias have been killed after isil attacks. >>> afghan security forces are trying to retake control of the northeast yamgan district. they launched a major assault. pope francis in sarajevo urging to leave a troubled past behind them. >>> the g-7 summit begins on seven. pictures of angry confrontations between demonstrators and police. protesters are demanding action on climate change and plan to disrupt the talks of world leaders. >> nestled in the mountains of bavaria, it is a retreat for germany's weal

. >> we got a market flash on the new zealand kiwi. we rarely talk about the kiwi here. kate rogers in the newsroom with that. kate. >> let's talk about the kiwi. it's plunging against the u.s. dollar by about 2%. this after the reserve bank of new zealand cut its policy rate by about 25 basis points to 3.25% and the projections here also point to future potential rate cuts on the horizon. back over to you. >> all right. kate rogers, thank you. does anybody have a trade on the kiwi? >> i do. >> so listen, it's somewhat of a china play here in that -- i mean, their big product is milk that goes to china. so that has been an issue as china has slowed down, kiwi dollar's gone down. i would say you might want to look at the australian dollar too, which is fxa. that's the way you might want to trade that. you go short fxa. >> coming up next drugs and money. the battle for the $10 billion cholesterol market is on. just moments ago a new winner was declared. we'll tell you which name it is and how you can profit. and here's what else is coming up on "fast." >> why does this man