panasonic is high. from the profit planning perspective, a lot of them use the yen. certainly, there is room for profit. rio tinto may be different in the sense that expectations for the commodity sector have been poor. 90% of their revenue comes from iron ore which is doing well. investors are expecting a buyback and higher dividends. there is good news. what about big financial giants like hsbc? will they mirror what we have been seen from other big international banks? they will hope their trading results are better. the expectation is they will have quite a strong release as well. investors are hoping for a buyback. it isa investors are hoping for a buyback. it is a common theme for these financial places. in terms of central banks as well, we're hearing from the australians and indians this week. what are we expecting in terms of monetary policy? the reserve bank australia has to be reserved about housing. so not much. they have to worry about the strength of the currency. the inflation backdrop is not as robust as you would expect in the easing cycle, they will

. >>> in other news, japanese technology firm panasonic posted first quarter profit focused on automotive technology and boosted quarterly results. shares up 30% so far this year >>> tesla ceo elon musk says the model 3 has more than a half million reservations handed keys to the first 30 buyers frieday. sets the stage for the biggest challenge as they look to sell the latest vehicle to the mass market tesla has to work at a furious pace to deliver cars as soon as possible >> huge number of cars frankly, we're going to be in production hell. welcome, welcome welcome to production hell that's going to be where we are for six months or maybe longer. >> good luck with production hell then. a little emotional talking about the loyalty of tesla customers. >> i want you to know, it really matters to us, we really care. going to do everything we possibly can to get you a car as soon as possible we're going to workday and night to do right. thank you for doing that >> hundreds of millions of snap shares could soon hit the market as the lock up period for early investors is set to phase out. all s

they have huge customers microsoft, panasonic, j & j, philips, levi strauss, haagen-dazs just to name a few if you want to do business in china, you have to go to bal san. tyler in new jersey asked about those on july 7th. bal zun saw the call in the show this is the second ceo who appeared thanks to fabulous callers. let's take a closer look with vincent chu to get a better sense of how his company is doing. welcome to "mad money. good to see you, sir. >> good to see you, jim. >> have a seat. >> thank you >> let me ask you something, vincent, if i may call you vincent. i have always marveled some companies do incredibly well in china, for instance, nike. i see that as a customer of you. what would you do for a nike >> yeah. that's a good question, jim. actually, we just are here to bring the brands to be successful in chinese ecommerce market so in this case, for example, mi nike, we have their stores, on alibaba platform and run all this business for them happy to see that from very small number of sales to today's billions of sales of nike in this ecommerce, a way we help the brand

panasonic is maintaining its forecast seeing growth in its auto related business increasing sale and10 holds, and no cells. shares recovering somewhat after plunge more than 7% on monday as it -- results were released. an increase of 18%. they did not change any of its full-year forecast. betty: up next, crumbling dreams. we will discuss the clouds overshadowing talks in shanghai. this is bloomberg. ♪ is this a phone? or a little internet machine? [ phone ringing ] hi mom. it makes you wonder... shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. [ laughing ] so all you pay for is data. see how much you can save. choose by the gig or unlimited. call or go to xfinitymobile.com introducing xfinity mobile. a new kind of network designed to save you money. yvonne: 29 degrees out. a beautiful morning compared to what we are staying in hong kong. betty: i am betty liu in your. -- in new york. you are watching "daybreak: asia." shipments were up 19.5% from a year ago agai