the payout for rio tinto over the last 12 months in aussie dollar terms was $12 77. a yield of 9.5%. if you factor in credits, that moves it to 13.5%. all eyes are on bhp. market consensus suggests we are going to get a very strong dividend. full year payout is likely to be just over four dollars. that would put bhp on a yield of 7.8%. again, if you factor in credits, that is a yield of 10% based on where the share price closed yesterday. very strong outlook. haidi: to that point, we are taking a look at the performance of bhp over rio tinto. as you point out, so much has been the outperformance over rio tinto when it comes to the oil department. this is the one that is on the chopping block. is there an extent to which concerns are find that this is going to be a performance loss if they were to split that up? >> it has been an interesting discussion for decades with respect to bhp, a mining company that has oil and gas interests. as far as bhp is concerned, there are probably two camps. both that oppose the fact bhp has oil and gas interests -- those that oppose th

rio tinto down some 3.3%.actually is on the move today, i have to say there is quite a lot of commodities moving. for example, comp or is at 9000, significant -- copper is at 9000, significantly lowered, iron ore lower. the maker of headphones and earpieces down. one of the big movers in the asian session was toyota, falling more than 4% in tokyo after the carmaker said the chip shortage would force it into a massive out cut in september. don't miss our interview with the executive vice president of sales for toyota motors north america at 10:30 a.m. u.k. time. china's big tech continue to their selloff today, with alibaba selling to a record low as beijing flagged a fresh round of regular. tencent added to the angst, with a warning to investors as the company posted the slowest quarterly growth in years. there were short-term relief for china's credit investors. a bad debt manager receiving a government-backed payment after five months of turmoil. we are back with anneka treon from van lanschot kempen. thank

and others reporting strong results -- fortescue joined rio tinto and others reporting strong resultsmpany returned to profit in the past -- the last half. profit rose to 6.2 billion dollars, reversing the $3 billion loss last year. sinopec lands to increase capex more than 16 billion in the next few years. rishaad: you can find more information on the day's big newsmakers on the bloomberg terminal. and yvonne is with us sometimes in the morning. yvonne: sometimes, when you are not in. rishaad: you can listen via the app or go to the bloomberg radio platform, or go to simply bloombergradio.com. rishaad: this is "bloomberg markets." we are looking ahead to some economic data this week. pmi data out of china. manufacturing at 50.1 as the official number? yvonne: this lowest since february of 2020, signs of the slowdown given that outbreak of delta during that month. in july we got the numbers that it could be uglier this time around, especially with the dent on services as well. manufacturing could be a key focus there. rishaad: we also have inflation numbers from e.u. countries. then t

rio tinto, nothing too fundamental. i want to wrap it up on adidas.utes ago doing nothing, now we have the announcement it is going to be offloading reebok. the stock up 2%. kailey: the long-awaited sale finally announced. let's take a deeper dive. we are joined by bloomberg's managing editor for global business. betty -- is that a good price? betty; a couple of months ago sales were muted as people thought this might happen. analyst thought the price might be south of that. getting beyond 2 billion is good. people need to remember adidas played a lot more, north of 3 billion, almost $4 billion and you think of all of the money they pumped into this business to turn it around over the years, unsuccessfully. there is a bit of an end to that saga, but given the price and the reaction it seems like people are fairly happy there is a bit of light under that. guy: why couldn't adidas fix this? >> that is a very good question that lasted 15 years. probably because it was a niche brand that never quite resonated with adidas core group of customers. adidas is

rio tinto thrown around. like that one. m long target, they are reporting tomorrow so that is my final trade. i'm long right here. >> all right thank you for watching "fast money. see you again here tomorrow. "mad money" is up next, with jim cramer starts right now. >> my mission is simple. to make you money. i'm here to level the playing field for all investors. m there is always a find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm trying to save you money my job isn't just to entertain but to educate and teach you so call me or tweet me. omg. home depot wasn't perfect. hold the presses yup, on the home improvement

fortescue joins rio tinto in reporting strong results on the back of surging demand for chinese steelmakersarong reported a record loss of almost $16 billion after revealing results for 2020 five monthly. it returned to profit in the first half of 2021. the debt manager plans to shed all its subsidiaries and says that should ensure operations for the next 12 months. an mgm horror film reach the top of the box office knocking free guy into second place after its top ticket sales for two straight weeks. it made 24.2 billion dollars after being repeatedly delayed because of the pandemic. >> let's focus on china. the long 2020 results of debt manager huarong have shown a record eye watering loss. leverage hit 1333 times and capital buffers were far short of the regulatory minimum. but the country did return to a small profit in the first half of this year. rebecca, you have been following this story from the start. what is spooking investors? >> it has been five long months waiting for these results. that slight turn to profit has helped lift longer dated bonds a little bit today in trading. th

look at the big bellwether stocks, which is rio tinto, or some of companies domestically it's been veryoutflows over the last three or four months. i think a lot of bad news, a lot of growth scare, a lot of delta news is already placed into these stocks. >> what happens to -- and chris sort of alludes to it -- the good as it gets trade. we've done the best we're going to do, and we need to start rethinking what the recovery will look at does the jobs report today sort of save the day on that conversation >> yeah, i think for now, i think in the short term investors saw a report that was really strong. but i think they have to consider where they're going forward. obviously the bond market there's very little yield. so they're searching for areas where you can get yield. i don't think it certainly said going forward, where we're moving forward, there's some notes out there that say that, but looking at the jobs report which was strong in the short terms, but we definitely need to see more, especially with the things coming ahead. >> and jobs is a lagging indicator, not a leadling indicat