png lng is one of the biggest producers in our region. certainly, with the liquids that come from that, it is a healthy returning project. , they are aes quality resource and when you with cooperation, you get an outstanding return which makes the development of the next phase not a greenfield project, but a brownfield expansion of the existing facilities and project as a potential opportunity for us all. that makes financing easier, it makes marketing easier. twenty-year gas contracts to underwrite further growth. it makes the returns much higher. we think bringing the two projects cooperating together is a way of managing some of the risks that are inherent in what is a very challenging lng market in southeast asia. expect: how long do you this global lng market to remain oversupplied? >> i think oil prices will slowly recover. supply and demand will come back in balance. i am more bullish on oil prices than lng. with the overcapacity in the asian market, and continued challenges to build new lng projects, i think it will stay quasi-ove

with a very us healthy interest in png alan g, a good interest.ortunity to drive cooperation between the project's for the next phase. we see at least two more trains this, and of hopefully, with minor appraisal success, a third train. right now, with us driving the cooperative agenda and exxon mobil in both sides of the projects, on all sides, we now see the next 12 months as considerable negotiation between all the parties to see how the projects can cooperate and potentially, at least in the downstream, come together. angie: coming up, suspicion grows that china is deliberately keeping the yuan low. we will get that an moore, next. this is bloomberg. ♪ angie: quick check of the latest business headlines, volkswagen shares rose the most in three months. earnings exceeded expectations. operating profit was $8.25 billion, although that does not include the money for the impending lawsuits in the u.s. trying to recover from the initial scandal -- the omissions scandal. frontan carrier cut the -- the profit forecast for the year, expend -- expecting

png was a top-down organization and pizza hut was run by the franchisee so the innovation was happening on the perforated. i joined the company and immediately fail. i thought it was an great idea and would be the next big thing in it turns out it missed its mark and the people in that there became the cofounders of aol and 1985 so so you and derek a decade. one of the stories to me as it requires perseverance. the idea of what i wanted to to do i had have a 1980 after reading the book the third wave which inspired me which is why wanted to name my book the same thing and thankfully it was deleted and provided a blurb for and so forth. it just took 10 or 15 years before the idea became real and i think if you want to revolutionize health care or education that may happen in evolutionary ways and it's going to require different mindset. i mentioned this african proverb if you want to go quickly can go alone but if you want to go far you must go together and that will animate the third wave. plus go that's what i think when readers and i encourage our viewers to read the book because it's

among millennials voters between 18 and 30, he has a 75% unfavorable rate png mo rock can ca spoke tout all this. >> given the choice between hillary clinton and donald trump, 70% of americans under the age of 308 choose someone else. so we went ahead and we talked to some of the youngest delegates here at the convention about what donald trump needs to do to get their votes. >> it will take a lot for me to vote for donald trump in november. i am a hispanic and young and a female. and so it will take a lot for me. >> reporter: arizona delegate amanda nailer flores is 18 years old and headed for harvard in the fall. but she still doesn't know how she's voting in november. >> but i also don't think that hillary clinton is a better candidate. and so i don't -- i honestly don't know where that leads us as a country. >> i was never really a trump supporter. i probably won't be till he's officially nominated. >> reporter: at just 17 is, vermont delegate jays is among the youngest at this convention. >> what you make you more enthusiastic of him? >> if he had a liberty oriented message that'

png overhauled its bonus system for managers as part of the ceo's efforts to jumpstart failed growthournal says a string of embarrassing moments at local crises five weeks before the olympics kickoff in rio put organizers on edge raising concerns of the troubled tourist destination is ready for the big game. we have good news for businesses out there. in the us it is red, white and blue. americans feel especially patriotic this independence day weekend because -- ♪ nicole: happy 240th birthday, america, the election and rio summer olympics coming up, 2016 is ramping up to be a big year for patriotism and this means dollar signs for retailers. >> there casone going to be a run on red, white and blue merchandise, an election year, people feeling particularly patriotic, the backdrop of anthony willis -- brexit everyone is feeling patriotism. lauren: about 214 million people plan to celebrate independence day, this adds up to $6.8 million or little over $70 per household. >> we look at the fourth of july is celebrating our independence going back to 1776. john adams wrote a letter to his

kimberly, behind buying say a png here. i don't get it because you've got to hope that it goes that the valuation goes even higher. because you have that yield, but you're not, say they have a yield doesn't in any way account for the risk that you have. this is not a bond. the price you u buy it. >> think about what you're talking about. >> i don't think it's a crazyiest thing, but i don't see it as attractive here. what's the theory behind owning here? >> it's yield. that's my exact point. >> i agree. >> all fundamentals. don't worry about fundamentals. it's going to be different this time. it's not different this time. they will revert to the mean and this bubble will pop. >> i tell you what -- they will. >> two things. if you are the -- and i believe you are, that yields are going to the floor and we're in a longer environment because the world is a dangerous place. then why wouldn't you want to stay in these stocks? that trade is going to work. you've said it, i've said it. back to proctor and gamble. it's a company tha

>> what is png? >> it's photo format. >> ping. there you go. hold up. let them answer. don't give answers yet. what's >> i don't know what that is. >> i can't even pronounce it with a cheat sheet. what is this? >> image-er. >> okay. and this one. how do you pronounce that word? it's supposed to be day-tah. >>> belgian researchers took on an intensive study searching for the answers does lip syncing to music make your beer taste better? >> go to the man. >> you're right. those who listen to music while drinking beer like the beer more than the group that did not listen to music while drinking. does that make sense? >> sure. >> we talk about french fries and there are fries everywhere. milkshakes everywhere. >> an entire beer segment. >> do you have a favorite beer drinking song. >> in the late '90s i spent most of my time playing punk rock. ? laugh. okay. i went eagles. i love "take it to the limit." >> that's if you're sipping beer. >> i love "born to run." >> where's mine? >> sheinelle's song. >> i'll sing it to you. ? pour me a cold one and oh the way ? >> jimmy buffe

png up life of pets opening u friday.id answering question i've alwaysqu wanted to know weshat your petstthe house. hse. something i always wanted toi know. my dog oscar does i sat down sow with eric stonestreet one of thf voices of the film he playings g duke in the movie, and his character essentially moves in with another character voiced by louie ck they're fighting to be the best dog and see which one o ends up being there with thee tt owner. i spoke to eric about voicing vi this character and becoming thit guy we also know him from moderr family.mily so what would his modern family character do if he owned a dogog like duke? watch this. >> obviously i'm curious, thougt what your modern family family character would do with duke? i mean in regards to -- would he own -- how,, what kind of ownern would he be? >> i think he'd want to give him a bath. i think duke would get a bathoub right away maybe wanted to a little up do p on his head maybe a little --it- maybe a little man bun up topunt something like that.so definitely want to give him aang little bit of a makeover haircut for sure