why does this at michael schumacher associated with it?he watch has about five years of collaboration with michael. inget it working with him 2010 and he came to us with a challenge. watch a can you make a system working at the same time? uswas a big challenge for and he has been a big person with attention to detail. it means five years of collaboration resulting in a very rich product in what it has to offer. timernograph, a lap function. the lap timer function is a world first for mechanical watches. it means a lot to us. beautifully and it is a real function for racers. it makes it an intense watch. we built into it the materials -- pimm: how long did it take to make one of these? xavier: five years of development and a year to get the components. more than one month for one master watchmaker to assemble, and about a month of final quality control. pimm: do you want one, stephen? stephen: i think it's a little big for my rich -- my wrist personally, but it's incredible to think about the tiny gears and levers that go into making this.

schumacher, head of global rate strategy at ubs. thanks to lisa abramowicz. prices are, oil falling ahead of tomorrow's opec meeting. mark: we will have the latest on why members are expecting to keep production levels unchanged . ♪ welcome black 2 -- welcome back to the bloomberg market day. i'm betty liu with mark crumpton. mark: welcome and good afternoon. julie co if you look at the three major averages, we are pretty much below the session. we have seen the selling continue. the dow is almost on a percent. the nasdaq off .75 of 1%. i am also pointing out the action that we are seeing in the vix. we have seen cross asset volatility pickup today, just as mario draghi warned it might do yesterday in his comments. up 12% on a one-month high. take a look at oil prices. that is the next thing we are going to look at here. it is down by 3%, ahead of the opec meeting tomorrow you will hear much more about that from alix steel in a moment here in definitely notable. the move that we are seeing in oil prices is poised this week to snappy 11-week winning streak. no

. >> schumacher. >> this is his car. natural methane power. fuel dragster making 10,000-horsepower.y can they can do one thing and one thing only. it doesn't even turn very well. zeal to have zeroed of four and 20 miles per hour. >> overdrive. then we have other options. the timing turn. it's. >> the heart of any racecar is the motor and never more so. 10,000-horsepower motor gets broken down every single run no exceptions. >> just so much. we have to look at the parts reusable. if not we thrown away. >> it's a lot of work a little bit of waiting. and in the burnout. smoke everywhere deafening. heat of these heat of these gigantic goodyear tires to make them hot and sticky. in the green light. >> you can literally feel the ground shaking. by the time he realize they are going their parachutes flying, the race is over. top-level dragracing and raceway park. this weekend just one more thing to do this summer. hit us up on twitter. hit us up. >> you have to be focused. if not going to get past up. ♪ bill: welcome back to the 500th episode of "chasing news". ♪ come on. 500. you did a gr

lisa: mike schumacher said the exact opposite. the biggest risk is moving too late. the risks are mounting by the day. i was looking at a report, a paper by professors led by goldstein. he was looking at the difference between bond funds and stock funds. investors are much more responsive to bad news in bond funds. they're more likely to pull their money out of the fund that stock fund investors. why would you put your money in a bond fund? you want to get your money back. you start seeing negative returns, the investor will be more likely to get out. if you start seeing a lot of red, people are worried that they will start pulling their money. thank you both so much. scarlet: still ahead, today marks 26 years since the violence in tiananmen square. what has changed since that historic event and how modern-day china represent. that remembers it. ♪ mark: welcome back to the bloomberg market day. head over toave to julie hyman with a check of some of the big movers of the day. we are at session lows right now. julie: we will look at some up and down movers. i want to t

but folker schumacher was in the sea. hear explosions and smoke and i say to my wife, hurry up hurry up. and we running in this direction. in the sand munitions." >> reporter: a tax inspector from stuttgart, he goes to the beach past where he saw many die. a dead person here, a young lady dead. >> reporter: where saif al rezgui killed many, on the beach, is a crime scene open to the public. a memorial, but also still a place in the sun for some. >> vicki: wicked weather hits one western town. coming up, we'll show you the storm that's really stirring up the dust. >> reporter: check this out a movie theater full of children playing on their laptops. >> reporter: it's a mile and evening. we have some how weather coming up. we will talk more about that coming up. t by man. crystal geyser alpine spring water. bottled at the mountain source. now that there's foster farms simply raised, it's tougher than ever to be a foster farms chicken. but foster farms simply raised chicken is 100 percent natural with no antibiotics. well yo