the languages thing was what they were passionate about bill gates and paul allen's goal in 175 was to dominate the languages business on personal computers that's why they left harvard immediately afterwards in april 900 $75.00 gates and allen start their company microsoft the purpose is to sell basic but above all to develop new software for future computers also in 1985 in palo alto california another do you own steve jobs and steve wozniak high school students who are fans of this new technology also discovered the ultimate it's the start of an epic journey. steve was me how he looked at that delta for him this was not elegant and there were too many chips the thing was too big so immediately what was was doing as ed was saying i can design a computer all on one board this would be the one was in job's other 1st to succeed in putting all of the components that make a computer hooked onto a single board power supply keyboard and memory all connected to screen the 2 friends had just invented the personal computer making out the one was purely was his idea and it was purely his design

paul allen in sydney. the next hour, break down the week ahead when it comes to asian ifo, south korea's gdp release. bitcoin has been in a relative slumber amid market volatility. what will it take to push past the 10,000 mark? more to come on "daybreak: asia." this is bloomberg. ♪ >> a very good morning. i'm haidi stroud-watts in sydney. we are counting down to the open. >> i'm shery ahn. stop face an uncertain start with futures sliding -- stocks face an uncertain start with futures sliding. topped 14ections million with deaths

shery: paul allen joining us from sydney.headlines, standard chartered delivers earnings that beat the street. the asia-focused lender set aside 1.5 billion dollars for potential loan losses in the first six months, saying second half provisions would be lower. 30's --rt reported the 35% rise in a pretax profit short of $2 billion. reliance industries be expectations to post record rising profits as a pact with bp and rising income from phone services offset declines in oil. reportedndian company profit in the quarter ending in june. the owner's is the fifth-richest person on the bloomberg billionaire index with $79 billion. ford posted much better than expected results for the latest quarter, but projected a full-year loss as it attempted to restructure amid the pandemic. carmaker's second-quarter loss was half of the $5 billion it forecast, as demand for suvs and trucks held up. ford's adjustment of $.35 a share smashed estimates of $1.18 per share loss. oning up in the next hour "daybreak australia," we discuss the outlook

paul allen in sydney.uncertain or getting increasingly a little more uncertain is the outlook when it comes to iron ore. we are getting the production and output numbers out from bhp coming through, talking about iron ore output from western australia for 2021. expecting that to come in at 267 million to 286 million tons. some interesting around chinese demand. it has been improving according to bhp, the world's biggest miner and dominant in the iron ore space. saying that the pace of the scope of the recovery will vary across countries but setting more encouraged about growth when it comes to china. we've had pretty close to record numbers when it comes to the output levels for iron ore being produced and shipments going to china. now some of that is coming into question, the robust risk of potentially coming unstuck as china is seeing a rebound after a long run of declines. analysts say that signals more tightness in the market that had seen supportive prices and maybe starting to ease. we will get more

paul allen joins us now with more. people consuming the news they get through their feed, what is now being proposed? paul: this proposal is coming from the australian competition and consumer commission. it is working on some rules which we should see later in the month. googlesaid, facebook, published free snippets of news stories on the platform and then would be forced to share the revenue generated. the whole thing is a symbiotic relationship that news content keeps users engaged in facebook and google gay there more data. it also -- gathers more data. in a way, it is a win-win. the accc saying there's no doubt that the net value flow goes to those big social media companies. shery: what do facebook and google think about this proposal? paul: they deny the central claim. facebook says it is fundamentally incorrect about news generating long-term commercial value. they say it is fairly negligible and that was included in the submission to the accc this past month. google makes a similar claim there's a very small e

paul allen joins us with more. look as weis continue to see. robust demand? quarter was pretty good. almost spot on, the estimates. outputs out 10% a year. it is holding a particularly well. that was lower but it still beat estimates. the ceo said he is trying to maintain business as usual. what is a very in unusual time. conditions in china are stabilizing. shery: what sort of outlet did they get? guidance both got downgraded for 2020. they are dealing with the same issues that everybody else's. lockdowns due to the coronavirus. disruptions in production. that is in line with the observations of china stabilizing and improving in the second order. we had china continuing growth yesterday and those gdp numbers. haidi: coming up over the next hour, we will have more analysis. later today, and exclusive interview. the deputy president. plenty more ahead. we continue to look ahead at the start of trading in asia for the final friday session of the week. this is bloomberg. ♪ ♪ haidi: good morning. we are waiting for asia's major market open. shery: welcome. our to

paul allen joins us more with sydney. do we see the outbreak slowing down? government response? paul: the government did victoria is calling for reinforcements. retired doctors and midwives have been called to service. the premier is saying these are not frontline workers. these people have the last line of defense. onre have been 10 deaths sunday in victoria. that is the worst day since the pandemic began. becamen his 40's came -- the youngest victorian to die. it is not getting better. we see case numbers in the teens every day. is scarcely believable in this environment. fore is a protest planned sydney on tuesday. the new south wales supreme court has ruled against that. right now is not the time. the organizers of that protest are determined to proceed. shery: the latest on the pandemic from sydney. intel is weighing an idea that once would've seen -- seemed unthinkable. intel has long held out on moving overseas. the ceo went on the defensive when asked about the plan. world where increasingly everything looks like a computer, our opportunity set is as

paul allen joins us. what are they saying about the latest support measures on the government side? support measures you mentioned were extended, as expected, on tuesday. endsubsidy goes until the of march. although, at a lower rate. the markets welcoming it. spokeserve bank governor on tuesday and he welcomed the extension and the tailoring of both measures. he said it would reduce costly disparaging to the economy. he had a few other things to say. once again reiterating that it would not be negative rates in australia. he resisted signing a number to trigger more bond buying saying he would not make any judgment on that based on market conditions, but the coronavirus itself was a major focus. phil low says the more this drags on, i'm certain that this crisis will not stop until there is a vaccine and is concerned with victoria where cases are spiking and wanting that very carefully. shery: the state of victoria continues recording triple digits in cases. are there signs of a second way peeking? paul: there doesn't seem to be signs that it is peeking at all. cases just2000 new in t

paul allen is on the line. restrictions in melbourne and whether or not this will be enough to actually stop the spread to other states. paul: there is a stay-at-home order in place in melbourne, a city of 5 million people, for six weeks. people can go up for work, exercise or grocery shopping. no visitors allowed. two people maximum together outside. restaurants and pubs are takeaway only. most critically, the border with new south wales is closed for the first time in more than 100 years, during the spanish flu. that will hopefully stop the spread throughout the states, but also create a logistical nightmare. this is after 191 new cases were detected in melbourne yesterday. worst weexceeds the saw in the first wave of the virus. in all seems to trace back to some severe lapses and hotel quarantine procedures in melbourne, where private security forms -- firms and set a police were used to make sure things were kept under control and things were not kept under control. there is now a judicial review into what

shery: paul allen in sydney. coming up, singapore heads to the polls this week.ll hear what the opposition .as to say the secretary general of the singapore democratic party is up next. ♪ shery: one of singapore's leading opposition parties has criticized the government for using a fake news poll to promote the chairman. authorities had actively discouraged testing for migrant workers. in response, the government outlets to say this quote contained false statements. the secretary-general of the singapore democratic party for his response. >> come out and clarify it. why use the law? and then we can have a healthy debate. it's something we feel is a complete distraction, not healthy for the political discourse. been inuling party has power since 1965. are 11 opposition parties this time around. been -- hasre not there not been better coordination among the opposition parties? to build uptime .hat confidence, that trust instarted off, remember, 2018, calling for that. in the past, you would not have seen opposition parties coming together like this. think you will

paul allen joins us with more. how are the allies cementing this united front against china? is a modest affirmation of a long-standing alliance. both sides reiterated criticism of hong kong's national security law, 5g technology concerns, concerns about what's going on in the south china sea. there was no mention for a proposal for australia to send warships through the area. there was mention of plans to cooperate closely on the next generation of hypersonic weapons, air and missile defense, cybersecurity and rare-earth supply chains as well. the foreign minister anne-marie's pain made it clear that australia makes its own decisions and has no intention of damaging the relationship bothchina, but most -- countries should be able to articulate their differences. we have seen china putting forffs in retaliation australia's call for an investigation into origins of the coronavirus. shery: the u.s. might have an enlarged military presence in australia's northern territory. what's happening there? paul: there is already about 1200 marines at the northern tip of australia. it was

. >> paul allen in sydney. no bright spots it seems for the aviation industry. will keep losing money through the summer after posting a loss of $17 million in the second quarter when jets were grounded. the cfo told us he does not expect the company to start earning a profit until 2021. year toe planning this ,arry 60 million customers whereas last year we had 149 million. the q2 losses are lower than we signed you one. q1.aw in >> if we see more quarantines and post in other countries, does that mean several quarters of losses? year, you are not going to see progress in the current financial year. you are going to have to look to next year until you see a recovery on that front. the end of the quarter is important. we ended with $3.9 billion in cash. a pretty strong position into the winter period. equally, we have a lot of competitors receiving state aid. this shouldable lead to reduce fares. it is very important the likes of ryanair and businesses are doing that. getting into better shape than it was. reducing handling, working with aircraft manufacturers to

. >> paul allen there with a update from sydney. don't miss our update later today.omberg. ♪ hike! simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. haidi: a very good morning. we are cutting you down to asia's major market open. shery: welcome to daybreak asia. our top stories, geopolitical tensions rise further. mike pompeo stokes the flames by describing china's leaders as totalitarian tyrants bent on global domination. the coronavirus continues to dominate as u.s. infections top

the research was backed by funding from the late microsoft co-founder paul allen. mark phillips spent a day at sea with its lead authors for a story you'll see only on "cbs this morning." >> reporter: good morning. we're off the coast of florida near palm beach, and we're hunting for sharks. not because they're in the news for all the wrong reasons because in a lot of places there are too few for our own good. the authors of the study use a simple contraption with a complicated name. >> they did underwater video -- >> reporter: or bruv, bruv for short. a cage with bait at one end and camera at the other. >> going in the water. >> reporter: damian chapman and mike hetehouse have been part of the comprehensive shark survey. did you invent this kind of photo trap, or was it pretty -- pretty common usage? >> i would say we perfected it. >> yeah. >> reporter: you drop it over board and lower it to the ocean floor. the project they call thin prohibprint has done this over 15,000 times over four years and in 58 countries. the idea is to leave the bruv for an hour and see