nomura also gained in the 2nd bout. this was his first competition in two years and his technique excited the crowd. in the 3rd match, nomura lost just 26 seconds in. his opponent was 17 years younger. >> whether i lost or won, it was always by equal. that represents my life in judo. i have been very happy as an athlete. >> nomura says he is still unsure about his future but wants to share all he's learned by practicing with the young judoists aiming to compete around the world. >> kudos to nomura for his acheech r chiefments and to june for that report. >>> in tokyo, the current temperature reading 24 degrees celsius orient 75 degrees fahrenheit. dr viewers in western europe are preparing to deal with a temporary front. >> it looks like it will start in the morning hours, spreads to the north and west. it will start to affect more of the inland areas of the continent. you can see the line extending over the southern tip of the scanned favian presence la. so already we are seeing some of these rain and storms moving thr

nomura shares because of that up nearly 22% this year. 17% in fact.el is a says -- tesla says it is providing charging stations to select properties in the u.s. be 30says there will charging spots at high-end properties along the west coast. we've got to take a break. we are looking into the deepening gloom on china's factory floors. manufacturing numbers missing estimates. details and reactions next. ♪ rishaad: asia-pacific stocks extending losses. this after the latest chinese manufacturing gauge falls to a six-year low. hang seng entering a bear market. caution oil fell to the weakest reading since march 2009. david knox is the latest victim of cheap oil. stepping down. santos has been cutting jobs. it has like the possibility of asset sales too. the company is undertaking a full strategic review because of continuing pressure on its share price. the stock up today 3%. 'greeces debt drama has taken a new twist. prime minister alexis tsipras decided to call an early election. this adding another element of uncertainty. billion in as $95 new bailout.

takeshi nomura, nhk world. >>> here's a look at some of the other business stories we're following. japanese officials have released a pile of economic data for july giving a snapshot of the country's economy. the consumer price index was flat year on year after staying in positive territory for 25 consecutive months. >>> household spending down 0.2% from a year ago. people spent less on cars and housing. meanwhile, the employment situation improved with the jobless rate edging down to 3.3%. >>> a government survey shows japan's small and midsized companies are raising their workers' pay. 67.7% of firms polled say they hiked wages in the current business year. that's up more than three points from the previous period. preventing employees to leave for other jobs was the most common reason for the raises. >>> japan's major automakers say their domestic production in july marked a 13th straight month of decline. they rolled out nearly 790,000 vehicles, down 6.4% from the same month a year earlier. they contribute the slide to sluggish sales of many vehicles following a tax increase on

manus: sources tell us nomura is cutting jobs in london. 60 are to go. in the fixed income and credit positions. highre said to include yield bond traders and analysts had fixed income business are being squeezed by banks needing to hold more capital. ext, google spells out a new future. of thek down the abc's new company structure and its new name alphabet. ♪ manus: welcome back to "the pulse," live on bloomberg tv and streaming on bloomberg.com, your tablet and your phone. google is reorganizing into a holding company called alphabet. the new strategy gives schools main web operations such as the search engine and youtube independence, while offering investorsors -- greater visibility for the expansion of the business. let's bring in elliott gotkine. but an interesting name, their choice of name -- it's either, when you take at how they came up with google, an inverted name, so far -- what's the point? theott: the point of restructuring changes is too, i suppose, formalize the fact that google is now a conglomerate, not just about the search engine and

oppenheimer says the decline is unjustified and it will go up, as well as nomura saying the decline will. let's go into my bloomberg terminal. it turns out only -- those are not the only three who are bullish on the stock. $125, that is the yellow line rating is at buy its highest since november, at about 75% of analysts say this is a good buy. matt: he does go to anr? remy: just go to anr. that is what you guys want to do if you are following us on the bloomberg terminal. pimm: thank you very much. let's take a look at some of the stopped -- top stories. hillary clinton will start rolling out one of the big ticket policy proposals in her campaign. in new hampshire, she will unveil plan to reduce the cost of public schools and make community college free, also cutting interest rates. it have sure has the highest student debt and the country. largeste world's beverage company is trying to change the debate for obesity. coca-cola is funding scientists who argue that americans should get more exercise and not worry about cutting calories. coke is trying to deflect criticism about the role s

joining us is the chief economist at nomura securities international. set minutes yesterday showed a little bit of doubt. previously i think the majority of economists agree the fed would raise rates in september. so many? marks by the july meeting that had not even witnessed the moves we have seen in august. >> sure, i think the fed had the you the economy would recover. i think what was clear if they have serious questions about that that need to be answered before they hike. we thought it was december before. matt: i think 80% of economists thought it would be in september. at any rate, do you still expected this year ago especially if we see asia continuing along the trajectory we do now? >> we do. i think we do have to look at the probability it will move partly into next year. i think based on the minutes you would have to increase probability there is no hike this year. earlier in the year we had what we thought was a winter slowdown. a lot of snow keeping shoppers out of stores and the economy suffered for that. it seemed to be temporary or seas

. -- nomura. taketein says they could market share from samsung.heimer says the decline is really just unjustified and apple growth potential in china. the decline is overdone and fundamentals are studied. since july 20, the price of apple shares down by about 12%. that is because of the high sales numbers and a decrease in demand for ipad. we could see a bump today if apple can hold onto it stock rise. back to you. matt: taking a look at the top stories. the powerful typhoon that slammed china is now going -- blamed for 22 deaths. half-million people fled their homes. the storms rock lanes and trains to a halt. rivers and one eastern province are overflowing. malaysians government says debris has been found in the maldives and will send a team to the indian ocean island to debris canhether the from a plane. last week it said of airplane flights said to be from 370. the flight reported missing march 8, 2014. 289 people will aboard flying to beijing lost. the zimbabwe president says his country failed to protect cecil was killed by an american and a

one of the greats is lewis alexandrine -- lewis alexander of nomura. cumulative progress versus data dependency, this idea of step-by-step progress getting us to an end result. where do we stand? are we slaves to data dependency? stanley: we had better pay attention to data. tom: inflation is low. stanley: and to expectations. it has to do with the decline of the price of oil and raw materials. these are things that will stabilize at some point, so we are not going to be as low as we are now forever, and we need to be looking ahead as we go. having said that, the data have to drive us, and we have to ask ourselves where are we. -- we arethis issue in this situation with very low inflation. suggest, would detractors of the fed, that we now have inflation sticking us. should we fear substantial disinflation and outright deflation? we see the 10 year, switzerland, negative interest rates. global deflation and the knock on effects to the united states? stanley: we take account of what is happening abroad. people invest there, they invest here, and we have

the subject of today's single best chart -- this is from a note from richard to from nomura.g at the ratio of job offers to job seekers. look at the dip in the last year. he writese in red -- that this came as a major shock to the chinese authorities. david kotok is here from cumberland advisors. the difficulty of looking at china is that you do not know what numbers to take seriously. is this number worth taking seriously? david: it is. he is on point. for years we had this notion of -- 15lion, 18 people million, 18 million people going from urban to rural. nobody is living all of these housing units, and we were speculating about how they were going to get through this and who is going to occupy? what is the bubble coming, that sort of thing. all this is now in play. rural to urban has stopped. that is a major shift. brendan: if rural to urban has stopped, you still have these people living in urban centers. what do you do? shiftntervention can help them toward consumption? david: the chinese government wants to keep them quiet. the chinese government does not want them in

we are thrilled to bring you , a greaturtz of nomura asia and china watcher for years at bear stearnsght now for the deep pocket. michael, how deep are the pockets across the banks, across the equity markets, and across the commodities base in asia? can they weather the storm? michael: tom, i think they can. thanks for having me on the show. the real issue in terms of the volatility over the past two days has more to do with the uncertainty as to how far this chinese currency depreciation is going to go. we think it will be held to a single digit move. markets are probably comparing what is happening right now to some of the historical decals -- ls that we saw in china back in the 1980's in 1990's. tom: i am worried about jakarta and taipei and the rest of asia. how will they adapt and adjust to a china that can handle the stress? michael: the jakarta relationship is probably the most worrisome one, given that even a relatively small-scale depreciation of the renminbi is going to make china less likely to be an importer of basically hard commodities and energy imports from the rest of

they want to show current rates are not the new nomura -- normal, we will start to normalize.s probably their best month in eight years last month. if they can't do it when domestic demand is healthy, when on earth will they do it? my personal view is that september for the fed, and february for the bank. corporate view is perhaps still a bit of a chance at september is porous bone. but domestic demand is strong in the u.s., they have to do something. aboutne: we're talking pmi in the middle of that. coming up, pmi data in europe after the break. we look at what to expect that data. ♪ caroline: welcome back. here are some of your top stories this morning. kim jong-un ordered his army to prepare for war following an exchange of fire across the demilitarized zone. the other ofuses provocation. tensions were already high earlier this month when to south korean soldiers were badly injured by landmines that the cover planted recently by the north. showed iting in china slowed to its lowest levels in six years. that is compared to the 48.2% the below 50 indicates contraction and at

wasdon: briefly, nomura with us yesterday and wrote a long note about this. capital flight so far from china is very limited. we are looking at foreign banks that have pulled assets out. we talked about capital flight, but not a current reality. tom: 10 years on from july 2005 when china unpegged their currency and went to a very managed movement. the chinese devaluation, ramifications to london and washington. michael hansen is senior u.s. bank of america merrill lynch and joins us. never boring. what does this mean for janet yellen? fisher would say we are only looking at the united states is a public official. he has got to say this. but this has washington revocations. michael: there are political ramifications. for the fed, the question is what does it mean for chinese growth? that is one of the big downside risks. tom: will they import -- will they export deflation to us? i guess, they could say will they take us to less inflation? michael: it is a risk. i would argue you seeing a lot of global this inflationary forces and china will only exacerbate tha