panasonic may be getting ready to sell cheap smartphones. this is according to the nikkei news. is said to be selling myanmart initially in while seeking to expand another 10 markets next year. considering setting up tax haven areas to keep billions of investment dollars in the country. the government says the money could attract money stashed over seas which could affect infrastructure projects. therepatriated funds canal invested in assets such as golden property. yousef: -- such as gold and property. yousef: the battle for -- one that dubai has been winning for recent years. the lower ruble and stronger dollar has put a dent in the numbers. dubai is diversifying. let's discuss that with the ceo for tourism. on theou for coming program. you are looking to target 20 million travelers by 2020. are you still confident you can achieve that? guest: when we set out a strategy, the way we position ourselves was to double the numbers from 2020 by 2020. with that we put -- from 2010 by 2020. the reason we had done that was when you there would be periods of time where we would see huge

this panasonic is valued at $500. now broken because of the robbery. and it completely destroyed it. >> lopez says that he and his partner will be forced to close. he worries that insurance won't cover the fallout as they are gathering more surveillance, getting a license plate on the van. >> if you have any information on the items being sold on the street or the flea market, please contact us. >>> in san francisco tara moriarty ktvu fox 2 news. >> they are trying to determine who created the courtroom witnesses, becoming a source of deputy. the deputy responded that sign- up sheet yesterday in the courtroom at the hall of justice. the sheet asks witnesses for their names and phone numbers and then instead of defendant, the handwritten sheet used the header bad guy. today we would talk to the attorney who discovered that list and they took a picture of it. >> i approached the clerk to ask her about something on the calendar. she had the piece of paper next to her and i saw it and i was completely shocked. i couldn't believe that somebody had written t

clinics maker panasonic, jtb, and d door to door delivery fir will start a trial of their system on thursday. travelers with jtb arriving at tokyo's haneda airport will send luggage directly to their hotel. yamata holdings will work it on the cloud syststem. machines t to be f fitted at 27 hotels. inquiries will be conveyed to hotel staff in japanese. the companies aim to launch the service this fiscal year. >>> checking the markets. speculation of a u.s. rate hike led to a stronger dollar and with it a rise in the nikkei average.e. giang nguyen reports. >> hawkish comments on tuesday sent the dollar higher which fueled investor sentiment here. let's look at the closing levels in tokyo. the nikkei gained nearly 1% ending at 16,887. the broader topix also rose 1.3%. the nikkei 225 reached a more than two-week high and locked a second monthly gain. the dollar jumped to a one-month high against the yen. the greenback alsoo got a boost from data showing u.s. consumem confididence at a one-year high. the gain in the dollar was especially helpful for shares of exporters. mazda motor added 4.8%. mi

both sony and panasonic rose over 1%. thai manufacturer bridgestone gained 1 1.53%. shares of nintendo rose overer afafter primime minister shinzo appeared in rio dressed as the character mario in rio de janeiro to promote the olympics in 2020. oil slipped on the news that iraq plans to increase exports. shares of inpex were down 2.65%. overall, we saw no major market moves. investors are waiting for cues from u.s. federal reserve chair janet t yellen schedululed to s in wyoming on friday. i'm phoebe amoroso. reporting from increase market studio. >> here are the latest market figures. >>> more than a million japanese citizens live in other countries, among them business people and their families. a japanese woman has started a business of her own building on those connections. it helps companies go international with the help of mothers. nhk world reports. >> reporter: this woman runs a consulting agency and cares for her three children. last year her company began conducting market research overseas. there are about 100 of them in 26 countries and regions. often th

panasonic may be getting set to sell cheap smartphones in emerging markets.o sell devices for as low as $99. panasonic is planning to sell the phones in kenya, gagne, nigeria, bangladesh, and myanmar, while expecting to expand to another 10 markets next year. another stock we are tracking, sharp rising by 9%, up currently 8.5% after officially becoming a foxconn unit. global news 24 hours a day powered by over 2600 journalists and analysts in more than 120 countries. this is bloomberg. yvonne: thank you so much. shares and national australia bank down 1.1% after a trading update this morning showed a 3% drop in third-quarter profit. let'swrapup of earnings, get over to paul allen in sydney, australia. what happened? another story of , up to $228nab million in the third quarter. a cash profit of $1.6 billion, down 3%. the third of the big banks to report, a trading update, not full-year earnings, but does illustrate the problems that anz and commonwealth bank of phase. -- commonwealth bank have faced. the ceo says we saw higher qualitycosts, asset remains stro

panasonic and getting to sell cheap smartphones, according to the nikkei news.or as low as $99, selling them initially in kenya, ghana, nigeria, bangladesh, and myanmar, expanding to another 10 markets next year. the owner of the world's biggest container shipping company voicing concerns about a shift protectionism.t is any moves that way would hurt global growth. joining me is the asia-pacific chief executive at maersk. what is going on? what do you see? better than expected numbers, but this is a tough environment. numbers wereay the not satisfactory, but in line with expectations. it is a tough market on the revenue side. trying to cut costs. our unit cost is at the lowest in our history as a company. we are making sure our ships are as full as possible so that unit costs are lower. we spend a lot of money on ships. rishaad: you have the biggest ships in the world. that have 18,000 ships l europe trade. we model rss on the need of trade -- our assets on the need of trade. you must be a bellwether of what is happening with international global trade. how are

panasonic saying the decline in profit was due to the stronger yen. spot that allght they -- that abe finds himself in. the volatility through brexit, the slowdown in china as well. he is trying to get domestic demand up again. you have corporate and households in japan hoarding cash. thing, thenteresting timing. 1990, youast -- since would only get an extra budget being announced in the second half. the fact that the government is doing this so early on really does tell the story of perhaps how weak they see the economy going and how desperate they are to do something that will have a major effect. rishaad: we are looking at west texas crude trading at the $40 mark right now. why now? we talked about the possibility of there being a glut. demand is very high in the u.s. >> seasonal strong period is summertime in the u.s. it is that familiar story. it is a glut of gasoline and diesel supply. the seasonalt period, the highest in two decades. it is not eating into the glut as fast as many expected. a little bit of weight in the market at the moment. ris

panasonic shares have longed in tokyo after reported worse than expected first-quarter earnings on fridayt income fell 64% from the same period from a year earlier. -- 5, 7ncluding goldman and 10 year notes. one of china's most takeover hungry groups is scaling back. they have snapped of assets from cirque du soleil over the past couple of -- over the last couple of years. the ceo spoke to bloomberg television. >> i believe we have ample capability to get investment grade rating. -- thattrategically this has become our strategy. nejra: that is the bloomberg is is flash. -- italy's is the third bank to have its y doubt in the exam. yenhis is on the back of and concerns over the stress test and some the weakness we saw in core tier one capital ratio. jennings now is giovanni sabatini. -- joining us now is giovanni sabatini. great to have you on the program . first of all, in your eyes, are these credible? there's been a lot of speculation these stress tests could of gone further and therefore it leads to concern. giovanni: the results of the stress test confirm the resilience of the europea

early is one of the proponents of electric vehicles and talking to panasonic to sell off its battery inwill dispose of its 51% the automotive energy supplier. the automaker is in talks with companies, including chinese ones, a spokesperson saying the reports are mere speculation. aec countries see resurrection to freeze output. they say there is no plan. are scheduled to meet next month. talks collapse after saudi arabia insisted iran joined the pack. iran said it would not do so in till it reached pre-sanction levels. the emperor of japan is to countrythe later, only the second time. will he announced the fact that he is abdicating? the start of the trading day and hong kong and shanghai. the opening numbers are coming up. ♪ hey how's it going, hotcakes? hotcakes. this place has hotcakes. so why aren't they selling like hotcakes? with comcast business internet and wifi pro, they could be. just add a customized message to your wifi pro splash page and you'll reach your customers where their eyes are already - on their devices. order up. it's more than just wifi, it can help grow your

panasonic says it plans to sell nearly $4 billion in bonds. it's hired seven banks including goldman, to look into the sale of five, 10-year notes. oining me now, heidi and juliette. plus our guest. let's continue on with the japanese theme, i guess. real helicopter money could be coming to japan this year? sure whether this year but it's inevitable. it has to happen. n other words, you have to break the nexus between borrowing and spending. you've got to spend without borrowing. so helicopter money is going to be there. there are many different definitions of helicopter money. what was discussed prior to 29s was not helicopter money. using why people were words like steppingstone towards. but ultimately, helicopter to come and not just -- >> if helicopter money does seeing you're upside. down 16%. >> correct. so in other words, if abbott do anything, if nothing happens, yen yen ciates, if appreciates, no cash flow, no investment, no wages, no nation inflation. to break the nexus. you, in other words, you lose in the relationship the japanesen

nissan is an early opponent of electric vehicles and has been talking to panasonic to selloff batterynits. they plan to dispose of 51% stake in automotive energies of light. the automaker is in talks of companies outside japan, including chinese firms. a spokesperson says the reports are speculation. terms for a first timeshare sale they plan to offer 680 million shares at a price range of 11 hong kong dollars $.87. they will use the proceeds to fund overseas businesses and develop wealth management. shares will start trading on august 18. we have had the latest trade deals from china with a surplus of $52.3 billion. great tos is khiem do, have you. we just got these figures fresh off the press. change.nues to dollar terms-wise, trade still very sluggish. importantespecially numbers, i would like to see the important numbers actually rising to really project the image that the chinese domestic economy is doing better. so the export numbers come i think, look fine. but i think if the imports numbers, those are an issue. the reserves showing up in stabilization when we saw that in july.

. >>> panasonic over the possible sale of controlling stake in a car battery manufacturing ventura cording to reports. nissan owns 51% stake in the firm that makes lithium ion batteries for electric cars. speaking of that, tesla disclosing a $1.1 billion in third quarter cash needs. the company is saying it needs the money to pay payments and go through with planned expenditures. this as it finishes construction of its massive battery fakry in nevada. >>> abbvie sued the farm suit al company alleging misrepresentation and admissions related to failed attempt to buy dublin-based shire. berkshire hathaway saw profit rise. helped by an improvement in insurance underwriting. >>> the agenda on wall street. tomorrow look for the first read on second quarter productivity and labor costs. thursday, import prices. friday, retail sales. >>> this week we have one dow component and 17 s&p 500 companies reporting. we'll hear from them today. tomorrow, solar city. wednesday shake shack. thursday, al bab i, macy's. on friday, j.c. penney. >>> staying on the consumer theme, drivers may want to get one las

. >> reporter: they stole dozens of cameras like this panasonic valued at $500. it is now broken because of the robbery as is this lens that you can see that is worth $400 completely destroyed. >> and it is very high in rent this year. >> reporter: luca says he and his partner will be forced to close because of previous break- ins. he worries that they won't uncover the fallout on the latest hype. police are gathering more surveillance, getting the license plate on the van and a better look at the suspects. >> and if they have any information as to any items that will be sold on the street or in the flea market and that they are high-end camera equipment please contact us. >> reporter: in san francisco tara moriarty ktvu fox 2 news. >>> delta airlines canceled 300 additional flights today and a day after the computer glitch stranded thousands of passengers. in a statement the airline said today's cancellations were "to reset their operations after a computer outage yesterday disabled their communication and booking system." thousands of passengers would remain st

after a break the man dressed in a costume that sparked the airport panasonic another cloudy morning makes way for a sunny afternoon. rosemary orozco has a look at how the week is panning out for your bay area weather. >>> the latest into an investigation into a deadly shooting in walnut creek. comfort food... you've had a good long run. but your time is over. it's time for something new. something simple. grown right here in california with absolutely no antibiotics ever. food we're comfortable eating. making. serving. this is the new comfort food. and it starts with foster farms simply raised chicken. california grown with no antibiotics ever. let's get comfortable with our food again. with toothpaste or plain water.an their dentures and even though their dentures look clean, in reality they're not. if a denture were to be put under a microscope, we can see all the bacteria that still exists on the denture, and that bacteria multiplies very rapidly. that's why dentists recommend cleaning with polident everyday. polident's unique micro clean formula works in just 3 minutes, killing

panasonic shares have plunged in tokyo after it recorded first-quarter earnings on friday.firm says it plans to sell inrly $4 billion in bonds seven banks including goldman, to look into the sale of 5, 7, and 10-year note. the group is telling back is buying spree. it is not focused on getting leaner. the ceo spoke to me recently here on bloomberg television. the believe we have capability to get investment-grade ratings. clear thatis crystal this has become our strategy. haidi: that is your bloomberg business flash. anna: thank you. former israeli president shimon peres says donald trump's suggestion that the u.s. would not defend nato allies unless they pay would be a mistake. he said he did not want to be directly involved in u.s. politics, but that america became a world superpower by making friends, not enemies. >> to suggest that america would disconnect relations with nato, would leave it open to other countries. in my judgment, it is a mistake, a great mistake. by giving,ame great not by taking. manus: the head of rates at aviva investments is still with us. the two

panasonic shares have plunged in tokyo after it were worded worse than it acted first-quarter earningsn friday. net income fell 64%. the firm says it plans to sell nearly $4 billion in bonds. it has hired several banks to look into the sale of 5, 7, and 10 year notes. one of china's most takeover hungry groups is scaling back. has snapped up assets in the last few years but is now getting focused on being leaner. believe we have ample capability to get investment-grade ratings. we invest strategically and tactically. that is your bloomberg business flash. juliet, fascinating stories out there. i want to give you a check in on what is happening with the futures market. we are ramping up into the open. stress test that breezed a sigh of relief into the market. a number of improved, the likes of deutsche bank. 1.2% uptick on the euro stocks. ftse 100 up. barclays also seemingly able to manage -- seemingly able to improve somewhat. dax, up 1.1%. look out for deutsche bank as they do manage to improve their ratio on the back of those stress test results. better than it was last year. so say

and it's from the international sponsors which are the likes of coca-cola, visa, panasonic to the local sponsors, which is brodesco, amritel, some of the local companies. then you have about 2.15 billion, which is 65% private and the matrix of responsibility is here. is the first one is just putting on the games. and the second one is including the construction of venues that would not be needed in brazil if they didn't host the olympic games. so building the velodrome. in the initial bid they were going to use old velodrome. when i first went there, when they first won the bid, i was like -- i think they just put this in saying they're going to use the old one because there was no way it was still going to be up to the standards that a velodrome needs. they ended up tearing that one down and building a new one which added to the costs. building venues and infrastructure that related to deal with the games. and you have $6.25 billion which are legacy projects. that was the line for the metro. that was improving some treatment plants, that was other infrastructure, the poor area. those a

and it's from the international sponsors which are the likes of coca-cola, visa, panasonic to the local sponsors, which is brodesco, amritel, some of the local companies, and then you have about 2.15 billion, which is 65% private and the matrix of responsibility is here. is the first one is just putting on the games. and the second one is including the construction of venues that would not be needed in brazil. if they didn't host the olympic games. so building the velodrome. in the initial bid they were going to use old velodrome. when i first went there, when they first won the bid, i was like -- i think they just put this in saying they're going to use the old one because there was no way it was still going to be up to the standards that a velodrome needs. they ended up tearing that one down and building a new one which added to the costs. so 2.15 billion. building venues and infrastructure that related to the olympic games. and you have 6.25 billion. which are legacy projects. so that was the line for the metro. that was improving some treatment plants, that was other infrastructure,