are you happy with where pernod ricard is. >> not 100%. i think they're struggling with the u.s. seen slightly better performance. they're in a difficult position. brands like absolute which should be the real growth driver have been struggling a bit. not quite value enough to be an every day purchase, but not quite craft or premium enough to satisfy real connoisseurs either. . research into the china market. we expect it to pick up reasonably well in the next few years. you're starting now to see a little bit of an end to anti-extrav good sense. you're seeing more personal consumption and still a lot of growth potential there. finding interesting things like the fact western spirits are so expensive in china a lot of people buying them when they travel abroad or buying them in travel retail. actually the figures aren't always picked up in china itself. >> and investors like in the news today saw the stock tick higher. anything to be overly excited about when you look at the sales volume regionally still taking a dip in americas and here in europe. >> i still think it's a tough t

david: pernod ricard is on the short list of bidders for a utah whiskey maker high west distillery.bs isalso saying that handling the sale of the distiller. the brand could bring in $100 million. just: williams companies got jilted yet again. two months after energy transfer walked away from a $33 billion deal to take over its pipeline rival, enterprise products has said to have stood on the oklahoma company, accusing it of a lack of engagement. williams said it was reviewing when they pulled up. they are already facing a proxy fight with one of their largest investors over the energy transfer debacle. that is your business flash update. much more ahead on the markets and on the business doors around the globe. this is bloomberg. ♪ julie: this is "bloomberg markets." i'm matt miller. david: i'm david gura. to allow voted families to sue saudi arabia. the president is expected to veto the bill but the passage presents a headache. saudi arabia threatened to sell $750 billion in u.s. assets of the bill became law. for some inside, i want to bring in our guest from washington. what this

joining us to talk about the trend is the chairman of pernod ricard, alexander ricard.g us. one of my favorite subjects. i love the spirits as well. don't love the clear spirits too much, and i don't see as many people drinking vodka as much as when i was a kid. it is more about scotch and bourbon. is that the case in your business as well? >> actually, vodka is growing as well but to a lesser extent in the u.s. than the brown spirits. talking about clear spirits, tequila is doing very well. i'm: tequila is big now, guessing around football games. >> we have two innovations that we launched sometime ago. tequila avion and altos. both are growing. matt: what is innovative about tequila? brands. were new we brought them to live some years ago. scarlet: going back to vodka, everybody wanted to put the absolute vodka ads on their wall. you plan to reinvigorate the absolute brand. you recently appointed a former head of absolut to head the north american region. sales were down in the last goodell. what demographic are you trying to reach? >> millennial consumers. it is fair

pernod ricard is raising. also getting hit by a whiskey sales slump. the ceo will join us next.f you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. comcast business. here's to breaking more glass ceilings in golf and everywhere else. kpmg. continuing our commitment to the next generation of women leaders. whis that they contour tempur-to your body.ses... it keeps us comfortable and asleep at night. change your sleep, change your life... change to tempur-pedic. now thru september 11th upgrade and save on select tempur-pedic mattresses and adjustable bases. this car is traveling over 200 miles per hour. to win, every millisecond matters. both on the track and thousands of miles away. with the help of at&t,

we also speak to the cfo of pernod ricard. sales in asia are down 9%.company will take half $1 billion worth of cost out of its balance sheet in order to help it along. they will be spending more money on advertising, trying to reach the emerging middle class. then we will have a little bit of fun looking at the latest innovation on wall street. hacking traders in motion. how that may be the future of trading. alix: vonnie quinn, thank you. jobs for no break from us. up next, the big number markets are waiting for this week. we will tie you what key indicators will be important to watch in tomorrow's u.s. jobs report. this is bloomberg. ♪ alix: this is bloomberg . i'm alix steel. jobs are coming in less than 24 hours, but in a few minutes we will get ism here in the u.s. withel mcdonough is here us. it is bmi day. what can we expect? >> the u.s. isn is what we are looking at. new orders have been strong, we think it will remain relatively robust. with jobs tomorrow, we will be looking at the employment component of a little more closely. says 150,00

pernod richard story. manus: let us take up on the chinese came. that ricard discussion is the personification of china.king about daybreak, a new addition on your terminal and the bloomberg, you have to hop into. china factory surprise the highest in two years, stabilization and manufacturing august,0 point fall in of from july 49.9. purchasing and quantity prices all down, but it was the surprising index which was little bit more disconcerting. private business came in at 50, down from 50.6. in china, there is push and pull in but those numbers. anna: the next tory daybreak is covering is the bill gross recommendation that they rate hike twice. the market does not expect that degree of monetary tightening. he was talking about the first hike coming in september if we get 150,000 jobs created in the month of august and the latest jobs report, but the market is not expect that. the work function does not show that expectation right now, but he thinks due in september, and again in 6-9 month. manus: i like that idea. waking up to janet yellen saying let me have it. cfi in the u.k. comes up in the u.k. li