panasonic has been producing 10% more air-conditioners at its plant since april. >> translator: demand for air-conditioners is rising gradually. severe heat waves are forecast for this summer. we are already enjoying brisk sales. >> as of the first week this month, panasonic sales were four times higher compared to the same period last year. daikim industries is also ramping up production. tokyo's sumida ward was once synonymous with manufacturing. it has seen better days. the number of small factories making textiles and metals has shrunk to a third of its peak. a new generation of entrepreneurs is trying to bring the district back to life. >> reporter: this used to be a garage. it was forced to close when the owner got too old to run the business. these days vocational school students make bags in the same space. the local ward authorities have paid to convert the garage. the aim is to interest young people in manufacturing. some day they may replace aging factory workers. >> translator: we are in an era where it's difficult on the present course for local manufacturing to expand wit

panasonic foundation tries to help schools improve their overall curriculum and manage their schools most effectively. even while we take co-op students, as as many as 500 over the course of one year, similar to dennis', to help grow the enthusiasm for science, technology, and related skills that are basically required for electronics and the kind of business solutions that were looking at. >> if i'm a student and i want to take advantage of some of those opportunities, what is my front and, what door to a knock on? >> you can literally knock on my door. but also through the universities that we correlate with, for example in new jersey, new jersey institute of technology which is here in newark, rutgers university which has a campus indoor, the big campus on the road, and a few other schools, mama than others. as students arrive they are told about industrial opportunities or corporate opportunities. in our case we interview them early on and try to decide whether there is a reasonable placement for the student. >> does every job have to have a placement at a particular facility in

peter fannin is also here with us, vice president of panasonic in the united states. [applause] a ri oshaka is part of company building innovative products. and finally, riota ishiki executive advisor of toyota motors, no panel could be complete without toyota. >> on behalf of the organization for international investment, it's a trade association with more than 175 global companies with u.s. subsidiaries, i'd like to thank the governors as well as the n.g.a. for giving us this opportunity to talk about such an important topic and what i'd like to do is frame the issue of foreign direct investment in the u.s. and then also look at the specific lens through japanese companies who have u.s. subsidiaries and the tremendous positive effect that they've had on the u.s. economy. so let's start by framing foreign direct investment in the u.s. or f.d.i. so as you can see, more than 24 million jobs supported through foreign direct investment that the u.s. subsidiaries of global companies. of that more than six million workers directly employed by those subsidiaries. then you h

tesla and panasonic are joining to develop a better battery and the concept remains hot, even if salesre not. >> it is a great no question. the problem is it definitely got ahead of itself -- the government got ahead of itself by giving multibillion incentives to buy cars, but the cars they were kind of coercing them into buying really were not practical. the obama administration declined our interview request, but a spokesperson told us the u.s. will still be the first country in the world to have one million vehicles -- one million electric vehicles on the road. still ahead, the marine corps war memorial that takes one of the most historic battles of world war ii, but there is a historical inaccuracy "w"well you don't want to live with mom and dad forever, do you?" "then she says...bazang!" "ok, good one." (laughs) "bazang. remember?" "bazang...you get it?" "bazang?" "yeah!" "uh, how do i check my credit score?" "credit karma, don't worry bud it's free." "ohhhh." "credit karma. give yourself some credit." sharyl: today, we take an unusual look at one of the best-known images of world

. >> panasonic sells a smartphone linked apppp in their private language. the research institute expects the digital sign market to grow to $2.6 billion by 2020. >>> who are is a look at some of the other business stories we're following. machinerery orders in jap for m fell for a second month. officials at the cabinet office say it was a 1.4% drop from april. they downgraded their assessment from showing signs of picking up to saying that orders are at a standstill. the officials attribute the decrease to concerns about rising yen. >>> people in japan are keeping more of their money in banks. officials at the bank of japan say the average balance of money in savings and checking accounts reach nearly $5.7 trillion. year on year marking highest growth in 13 years. analysts say negative policy and stock prices prompting investors to pull out of equities and investment trust and are shifting their money to banks. let's take a look at our business calendar for the week e on tuesday we will know more about inflation in india as officials announce consumer price

or florida doing the same -- developing the same skills in their state even if there wasn't the panasonic facility there. >> we work in and around panasonic facilities, in california, on the east coast in particular but practically speaking, they are open to anyone looking for an entry-level. the resource department takes the paperwork side, they follow up with people. it is a great operation. because of the aggressive skills, a television company or camera company or something like that, 15% of our business is in those arenas, under the hood of the car, the airplane, avionics systems, they are -- >> the factory for tesla in arizona. >> 7000 of those go in the tesla model-plaps. when that factory is up and running it will double the entire world output of lithium ion batteries, going to tesla and growing happily. >> make sure they don't have headlines like last week. >> the workforce -- slightly different. the nature of the business, the industry, and they do not have knowledge to contribute to develop technologies. the expectation of the workforce is the transport from japan, and the no

today we'll have sharp, sony, mazda, japan airlines, panasonic and many others that are lining up to report their earnings. ai. >> ramin, what can you tell us about currency moves? because the yen looked to be pretty volatile overnight. >> exactly. we've seen some shifts there up above 105, below 105. right now 104.66 to 69. it rose to the mid105 range overnight after some media reported the boj is under pressure from the government to expand its monetary stimulus measures but the advance lost a little bit of steam now. some analysts expecting volatile moves. we'll keep track of that. let's also get an idea of asian markets open so far. seoul's kospi is trading higher and australia's s&p/asx 200 marginally higher. a lot of speculation over the boj taking action and a lot of analysts talking about helicopter money, perpetual bounds. we'll see how it all comes out. back to you. >> thanks a lot. keep us updated. we'll touch base with him in just a few hours time. >>> the traditional alcoholic beverage of korea dates back to ancient times and it's making a comeback after losing ground to

names such as honda, panasonic, and mazda all trading higher. shares of nintendo gaining more than 5% at one stage then losing most of that ground. they ended just 0.8% higher. planned in the way of stimulus. and like many across japan, they're no doubt keenly waiting on the launch of pokemon go. i'm phoebe amoroso. >>> moving on to other markets of the asia pacific region, in shanghai the composite up 0.3%. some took advantage of the three-day slump. malaysian shares dropping to 1,657 today. that followed reports that u.s. prosecutors want to seize more than $1 billion from a state fund set up by prime minister rezak. hong kong's hang seng gaining by almost 0.6%. singapore meanwhile down by a fraction. down 0.2%. >>> officials at the new development bank launched by brics nations have announced their first rounds of loans. brazil, russia, india, china, and south africa established the institution last year. bank officials gathered on wednesday for their first general meeting. >> translator: i hope that the new development bank will promote dial

panasonic reports friday.ina, india, and indonesia, said to be targeting 60% growth and lighting sales outside of japan. that's according to the nikkei news. plenty to watch with the boj and focus as well as the fed. that is it for "daybreak asia". "trending business" is next. what's coming up? rishaad: looking at the g-20 communiquÉ. we will have a little analysis on this and look at the strength of the dollar. looking at what is going on there, currencies generally. we are also having a look at to what the boj does this week, with many expecting governor kuroda to expand the stimulus program. hong kong closing auction could be set to make a reappearance as well. apple versusing at chinese smartphone makers. "trending business" for the next two hours. ♪ ♪ rishaad: it is monday the 25th of july. this is "trending business". i am rishaad salamat. ♪ rishaad: we will be calling in on sydney, shanghai, and tokyo. regional equities set to start the week higher. andcy meetings of the doj fed, the hope of further eas

partnerships with panasonic. it is hoping to emerge from that scandal over fuel emissions .hat is your bloomberg business flash. mark: still ahead, our weekly dive into the $3 trillion etf market. not too many traded funds. we will discuss next. this is bloomberg. ♪ vonnie: you are watching "bloomberg markets." i am vonnie quinn in new york. mark: i am mark barton in london and this is bloomberg television. time for a weekly dive into the etf markets were over 7000 of these bonds are around the world. for new launches every single day. many are questioning whether this is etf overkill. here to discuss is eric etf's for who covers bloomberg intelligence. you. to see there has been an explosion of etf's since 2014. what is behind it? eric: people look at etf as a vehicle of the future. right now there is $3 trillion in assets, but some people estimate it will go to even $10 trillion as they s slowly bleed out mutual funds. in terms of the product launches, you have a growing market. what people do not realize is the person came out against the launches was the vanguard ceo. th

in their state, even if there is no panasonic facility. >> we typically work around the panasonic facilitiesthey are open to anyone looking for an entry-level. our human resource department doesn't just do the paperwork but they follow-up with the people. a television or camera company. less than 15% of our business is in those arenas. the things you don't know us for are under the hood in the car, they are in the airplane, aviation system. >> did i mention the battery factor? >> 7,000 of those go in your tesla model-s. when that factory is completed, up and running, fully up and running, it will more than double the entire world's output of lithium ion batteries for ev and in that case all going to tesla which is growing. >> let's make sure no headlines like last week. >> and the expectation on the workforce i see it differently. the nature of the business, the industries handing out the new materials, sometimes the people in the united states don't have enough knowledge to contribute to the development of the technologies. the expectation of the workforce is to just absorb the technology t

may use panasonic batteries will be built at the giga factory. remember, electric cars are crazy, crazy fast. >> yeah. >> porsche had a problem in that department. >> yeah. >> pretty sweet looking. >> it's gorgeous. >>> we are speeding ahead, thank you, scott, to rio. it goes through or rackoracle a, that road does. kevin durant as pep. tonight is durant's first game on his new home court. along with klay thompson and draymond green. the trio is making up a good chunk of team usa as the team takes on china in an exhibition game ahead of the upcoming olympics. tipoff is set for 7:00 p.m. >> to see them all play, cool. >>> certainly not cool when it comes to the forecast. hot one. turning up the heat today. >> it's going to be really hot. and we're bringing it up in some spots ten degrees or more. so we will have a major change as we get ready to head into this tuesday as well as the rest of the week. but we do still have the low clouds and fog. in san francisco you mix that in with some smoke. we have some very unhealthy breathing conditions out t

shery: according to people familiar with the matter, vw is weighing partnerships with panasonic or lgto emerge from that scandal over diesel emissions. that is your business update. askedorning bloomberg's about priorities. what did he say? muchl: they have had some address in the last two years, they have an aggressively as you know shedding assets, selling. basil $3.1 billion of assets in the last couple of years and they have not there get down by $4 billion since the start of 2015. earlier they set a target for this year. they wanted to not get down by $2 billion which would bring the total up to a billion dollars but after that is where things start to get interesting. >> beyond the $2 billion total debt reduction this year we set a target of five following -- i billion dollar in debt in the near medium term. gold prices.nt on but that is a target you should keep in mind that we want to achieve. >> in terms of how far out medium term represents for that 5 billion, what would you say would be a reasonable number to have in your head? guest: three years certainly is not unreasonabl

panasonic leading the nikkei 225, up by over it 6%. j. front retailing up by 6%., andmove in some gains in australia. confirmation that them up in turnbull coalition will remain in power. by materialup, led players. most of the oil players looking good despite the fact that crude has started to fall as drilling picked up in the u.s. a quick look at some of these movers, 23% for nintendo. these are the energy players i was talking about. space, up by 3%, so certainly more movement back into gold. the fact we are still seeing investors a little bit on the intoines showing a move the safe havens, have a look at the yields on the 10 year note, the australian yield higher, up by 1.9%. japan still and negative territory, even though the arrow is pointing higher. angie: thanks. china's deflation threat is subsiding as factory gate deflation eased again last month. we are crunching the numbers right now. ppi fell 2.6 in june, meaning inflation has persisted for 52 consecutive months at the factory gate, but that does not tell the real story. ppi deflation has eased for si

. >> panasonic is scrambling to try to find qualified engineers to work on this thing.he was joking? >> he has a very zri owedry sen humor. >> with him, it could be either way. could be joking or totally serious. facebook's conference call is about the to xwin. we'll tell you what to listen fehr when we come right back. mn this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be open & secure. because no one knows & like at&t. so i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices. the market's hot. sync your platform on any device with thinkorswim. only at td ameritrade. real is touching a ray. amazing is moving like one. real is making new friends. amazing is getting this close. real is an animal rescue. amazing is over twenty-seven thousand of them. there's only one

peter fannin is here with us vice president of panasonic here in united states.applause] the president of torah industries america which is building the economy through generating valuable ideas technologies and products. welcome. [applause] and finally the executive advisor of toyota motors. of course no panel could be complete without toyota. dennis what i get us started? >> thank you john. on the half of the organization for international investment it's a trade association with more than 175 global companies with u.s. subsidiaries but ever like to thank the governors as well as the nga for giving us opportunity to talk about such an important topic. what i would like to do is frame the issue for direct investment in the u.s. and then also look at the specific lens two japanese companies who have u.s. subsidiaries and the tremendous positive effect that they have had on the u.s. economy. let's start by framing for direct investment in the u.s. or fdi. as you can see more than 24 million jobs supported through foreign direct investment that the u.s. subsidiarie

processed coming out of south america in china, and then shipped back to be used, whether it's in the panasonictery packs that are part of what tesla's manufacturing right now, are used in tesla victories. what they're proposing here is, we're here in north america. if we can take the lithium out of the ground, it's a much more economical proposal. not only for tesla, but for other companies as they increase their electric vehicle portfolio. >> by the way, speaking of tesla, there's a report today that it is hurrying to finish up its battery factory, so that it can make it cheaper to produce that cheaper sedan for the company. handicap that for us, how likely are they to get that done in time? >> reporter: well, the factory later this week will be opening for the public. in fact, they've already announced that on friday. there are a select number of tesla investors, tesla owners, who will get a tour of the gig factory. the question of whether or not, bill, they can ramp up production of lithium ion batteries to the level needed for the model three, when they really ramp up production in 2018, i