shery: i am shery ahn in new york.cks helpedp offset weak economic data and mixed earnings. tesla plunged after hours and facebook rose. su keenan has more on this. let's talk about the big moves. su: these will very much impact the friday trade. let's start with how the big numbers are moving. let's look at the three key stocks. for, tesla, and facebook. two misses and a hit. facebook really coming in strong. let's start with tesla. shares plummeting after the worseic carmaker posted a than expected loss and backtracked from a returned to profit. you can see the rough ride they have had throughout the year. now down in a big way year to date. f $1.12 a share, missing excitations of only $0.31. they are going to focus on delivering more cars, expanding capacity, and generating cash. facebook meanwhile be sales estimates. also confirming the $5 billion settlement the ftc on the privacy issues were drafted it week and confirming there is also a new antitrust probe into some of the bigger social media giants. continue to

shery: i am shery ahn in new york.d in late trading thanks to record fourth quarter 90,000ies, handing over -- 95,000 vehicles, easily beating estimates. so, was elon musk right, there was no reason to be concerned about demand? 3 may be.the model on the model s and model x, you still have reason to be concerned.the second worst showing on the model butd model x since 2016, you have to hand it to them on the model 3 side, with the model 3 exceeding all the cars they delivered in the first quarter combined, including the s and x. thehis is really a show of amount of demand there is for the car outside of the u.s. this was the first full quarter in which they were delivering these cars in china and europe. so that suggests there's going to be staying power for the car, even though there is an incentive here in the u.s. that is halved as of january 1 to under $2000, so a little less of a tailwind in that regard. paul: craig, is there risk baked into that? is the model 3 cannibalizing demand for the s and x? craig: that is

shery: i'm shery ahn in new york.ts fiscal third-quarter result today but all eyes are on its forecast for the fourth quarter. for more, let's bring in john butler. we have seen a slowdown down in the smartphone side of things. people holding onto their phones longer. what should we focus on as we head into these earnings results? john: the following a big time apple in my view. june is not a big order for them, it's all about guidance, in my mind, for the december quarter which we would get asked quarter -- next quarter. what we typically see out of them is a september iphone launch but they also promised to this content launch coming in the fall. they have not picked down a date, but the fall to me is september, october, maybe november at the latest. i really want to see what is in plus, appleple tv channels. june also provides a great read on how apple can do in a quiet period. not everything is going right, right now, so right now it is a great snapshot of how they can perform when the wind is not necessarily at t

shery: i am shery ahn. sophie: i'm sophie kamaruddin. we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering in the next hour. stocks fall and the offshore yuan weakens as president trump says he can add more china tariffs if he wants to. the chairman watching developments closely. jay powell says he will do what is required to bolster the economy. contrasting fortunes. jp morgan cuts its full-year forecast. goldman sachs revenue bucks wall street trend. shery: later in bloomberg technology global link, we will be talking about the showdowns in washington facing silicon valley. let's get a quick check of how the markets closed in the u.s. regulatory scrutiny in congress being felt across the market as tech stocks underperformed in today's session with the s&p 500 now holding the five-day rally. we had president trump's comments on tariffs dampening sentiments as well. tech giants took a hit. we had energy producers leading some of those declines as we continue to see the selloff in oil markets.

shery: and i am shery ahn in new york. sophie: i am sophie kamaruddin in hong kong. we are counting down to the major market opens. paul: here are the top stories we are covering in the next hour. wall street rallies to a new high as u.s. inflation comes in harder than expected. the dollar falls for a second day. gold also slips. jerome powell says the u.s. economy is in a good place and he has the tools to keep it there. plus president trump turns up accusingon china, beijing a reneging on deals in the g20. shery: a quick check of the market close. the thursday session in the u.s., major indices closing at record highs with the dow exceeding 20,000 in the s&p 500 close to the 3000 level. this despite the fact we had a tweet from president trump complaining about how china was letting us down. still the s&p 500 was led higher by industrials. again on chair powell testifying in congress one more time. this time on a senate banking committee talking about how the fed had room to ease, given the tide between inflation and unemployment seems to have broken down. the 10 y

shery: i'm shery ahn in new york. sophie: i'm sophie kamaruddin in hong kong. we are counting down asia's major market open. ♪ paul: here are the top stories we are covering in the next hour. wall street slides as investors wait the fed's promise. apple downgraded. tech stocks will be in focus later as the japan-korea spat troubles on. president moon says they may be forced to retaliate. deutsche bank swings the ax from asia to america, the savings latest turnaround plan fails to impress the market. shery: later in bloomberg technology global link, samsung being stung by japan's new restrictions on tech. saysll be joined who problems in the electronic industry goes much deeper. let's get you started on the quick check of the monday close in the u.s. the s&p 500 fell for the second consecutive session. health and tech stocks as some of the big decliners. apple falling more than 2% on the downgrade, but german manufacturer besf falling after they cut their outlook. overall, we felt he lingering impact of the strong u.s.

shery: i'm shery ahn in new york. sophie: i'm sophie kamaruddin in hong kong. we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering. doing a deal, president trump says there is an agreement on the debt limit. it may push the u.s. deficit over $1 trillion. the bank of japan governor addresses the imf in washington. he says he is watching global developments closely. silicon valley chiefs head to the white house for talks that may lead to the easing of the sales blockade on huawei. shery: we will have more on that big tech meeting in washington and what this could mean for the huawei been later on bloomberg technology global link. first, that get you started with a quick check of how the markets closed the market session. a positive session for u.s. stocks. we saw the s&p 500 gain ground, up 3/10 of 1%. a couple of analysts calls, including one on apple, with morgan stanley boosting its price target. that actually made apple rally and the biggest winner on the nasdaq. micron finishing more than 3% higher after goldman

shery: this is bloomberg. ♪ shery: this is "daybreak asia." i am shery ahn in new york.aul: i am paul allen in sydney. microsoft rallied after profit beat estimates. boeing reports bad news as the fallout from the grounding of the 737 max worsens. su keenan joins us with the day's action. what were the highlights? on -- youte a rebound could call it optimism about rate cuts. but that a look at the snapshot. will notice is bonds were in focus. the 10 year yield dropped, positive outlook from apple suppliers. taiwan semiconductor gave a big list of chipmakers. and if we take a look, you will notice the dollar was down and oil was down, which we will get you in a bit. take a look at the bloomberg if you can. we're going to go into the bloomberg. gtv is where you can find our library of charts. even the tech has been a play, they have seen outflows into the past 12 months. we're coming on a big one here. that is interesting as you take a look at some of the big movers. netflix was at the top of the pack. one analyst was saying the story is coming to an end in terms of growth

shery: thank you so much.on deutsche bank, sounding out regulators about lowering their capital cushion. you missedinder, if out on any of the conversations we had throughout the show, tv is your function. this is for bloomberg subscribers only, but you can get into the charts and functions that we are talking about, and you can also send a question to the guest. live from new york, this is bloomberg. ♪ mark: i'm mark crumpton with bloomberg first word news. protests in hong kong have escalated. felicia clustering with demonstrators. authorities are using tear gas to disperse the demonstrators, some of whom have smashed their way into the city's legislative building. a pro-democracy demonstrator told police no protesters were left inside the building. the protesters were trying to get hong kong's government to controversialt -- exhibition bill. in benjamin netanyahu has weighed in on the news that iran has now exceeded the cap on enriched uranium. he says iran has taken a significant step toward making a

shery: i'm shery ahn in new york.e are heading into the busiest week for the global economy in 2019 so far, with policy decisions from the fed, the boj, and the bank of england. our policy editor kathleen hays ins in tokyo this week. let's get started with a fed. markets seem to think the fed rate cut is baked in, despite the fact that we have stronger than expected second-quarter gdp numbers. kathleen: this is so interesting because i think the fed will have a debate because some numbers have been coming in stronger than forecasted. jobs growing. wages rising. the fed wants insurance in case the global forces, the trade war, slow the u.s. economy down. gdp on friday, stronger than forecasted. let's look at a chart. 2.1% annualized. it was supposed to come at 1.8. that is down in the first quarter. a slowdown was expected. what was unexpected, not the turquoise bar, it slow down, but the white line is a surprise. consumer spending going from 0.9%. that is weak. to 4.3%. that is strong. maybe you would say to the fed,

shery: and i am shery and in new york.ight on how china's economy is faring during the trade war with trade data coming out on friday. one analyst tells us he is confident china is doing what it can to support better quality growth. >> the government is doing a lot to improve the polity of the growth and to take care of the people. china is investing more in the green economy. in renewable energy. in china is doing more to take care of the low income people, low income areas. because, you see, some people say, china is the beneficiary of globalization. no wonder you embrace globalization. but some other countries have suffered set next. this is certainly unfair. china, see, even in growth does not mean the same thing for everyone. domesticlly, the policy should take care of those people who may not be so fortunate to take advantage of the vast wealth. this is what jenna is doing to improve the equity, the social equity is important. haslinda: we have a prolonged u.s.-china trade war. what do you deal as the chances of a de

shery: good evening. i am shery ahn in new york.ie: i am sophie kamaruddin in hong kong. welcome to "daybreak: asia. go -- asia." ♪ paul: our top stories this tuesday. asian stocks look for a mixed start as investors await fed comments and earnings. trade talks look back on track. the u.s. team may do face-to-face negotiations. shery: from zero to hero, the philippines stockmarket was a poor performer last year, but now it is in a bull run. what changed? have japan and south korea and australia coming online. japanese stockmarkets back in the game. the nikkei to do five opening lower at .2%. the yen is looking steady. pay -- bereally playing catch-up with the trade battle with south korea. fitch warning on monday that japanese firms may have collateral damage. higher.ening the government will meet to discuss the impact for japan's export curve. watching brokers that a capital gains tax is being considered for investors. samsung under pressure this morning. there will be some jitters around the supply chain. 200,ood in sydney, the as

shery: i'm shery ahn in new york.uncing it is pulling shoes from new york because it has the betsy ross american flag that some are calling offensive. critics are saying the company is bowing to political correctness and revisionism. for more, let's bring in evan. this is not sitting well with conservatives. will this have much of an impact itself?usiness of nike the stock price has not moved very much. nike went through the same criticism 10 months ago when they introduced colin kaepernick as the face of the 30th anniversary campaign. -- the callsaffect for boycott, anger -- did not affect them much either. the stock price has not moved very much. nike knows their customers very well. it makes decisions in a calculated way based on what it knows about its consumers. it wouldot a decision have made if they did not believe that it was better for business to do it this way. amanda: what about the threats from the state of arizona, do they add up to a problem? is building a plant right outside of phoenix. they were given

rishaad: i am shery ahn -- shery: i am shery ahn. sophie: file sophie kamaruddin. we are cap -- i am sophie kamaruddin. we are counting down to asia's major market open. ♪ here are the top stories we are covering in the next hour. china's trade war wounds will be on display later with retail sales and industrial gdp showing how much tariffs are hurting. earnings from big banks, j.p. morgan, citigroup and others releasing numbers. to decision by ab inbev do can its ipo has major implications for the hong kong market. shery: let's look at how markets closed, another day of record highs with the s&p 500 closing above 3000 and the dow reaching 27,332. we had tech and industrials leading the gains. energy stocks gaining ground as crude rallies on potential impact from tropical storm barry in the gulf of mexico. seeing the nasdaq up .6%, u.s. futures not doing much. we saw data last week showing u.s. producer prices gaining more than expected. still u.s. stocks managed to rent at a record high -- to end at a record high. we have japan away on holiday. sophie: looking at

shery: i'm shery ahn in new york. we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering. entry, 1950's jazz and an -- angry tweet. trade talks begin in shanghai, coming down to the fed rate decision. the president says a small cut will not be enough. april takes off on a forecast that will top expectations. tim cook says he is thrilled to the return to growth. shery: later in bloomberg technology global link, we will break down apple's earnings with bloomberg intelligence. first, a quick check of how the markets closed tuesday's session. another day of losses for u.s. stocks. a mixed bag of corporate earnings. procter & gamble rising on earnings. this coming at a time as the fed starts its meeting. president trump did not help market sentiment when he lashed out at china saying it was ripping off the u.s. late market trading, we did see the sentiment recovery as president trump said he recently spoke to chinese president xi jinping. the s&p 500 fell three chance of 1%. the

shery: i'm shery ahn. we are counting down to asia's major market open. ♪ paul: here are the top stories. wall street rises to another record from the tray truce with china but stops amid signs the economy is swelling. oil on the rise as the opec and allies extend the curves into next year. there is concerned of weakening demand around the world. hong kong protests take a violent turn. police fire tear gas and pepper spray and the government condemns vandalism. shery: a quick check of how the markets closed in the u.s. the u.s. -- s&p 500 closing in a record for the first time in 10 days. chipmakers leading the gains. the semiconductor index closing at a three week high after president trump announced in easing on that band on tech giant huawei. we have the dowd gaining 4/10 of 1% but industrial shares did underperform the bottom market. we have the u.s. ism manufacturing gauge showing the orders stall the last month and that is coming on the back of factory reports across the world showing weakness in the

shery: good evening from bloomberg's headquarters in new york. i am shery ahn. sophie: and i am sophie kamaruddin in hong kong. welcome to "daybreak: asia." our top stories this monday, a radical shakeup at deutsche bank. in a billion-dollar plan including the elimination of thousands of jobs. the turkish lira slumps as theident erdogan fires finance minister. president trump says jerome powell and his team "don't have a clue." haidi: we saw -- shery: we saw a downfall while the s&p 500 was down .2% of your declines on the s&p 500. we have a very strong u.s. jobs two hundred 24,000, beating expectations. that leading to traders curving back the fed rate cut expectations to the treasury yield, the 10-year yield come at least 2%, and equity markets fall from highs. we see futures unchanged at the moment. shaping upow we are for the asian markets. could be looking at a risk-off session today with stocks already under pressure in wellington. some we could see in tokyo. futures are pointed higher. the tech industry navigating japan. the south korean president yesterd

shery: i am shery ahn in new york. we are counting down to asia's major market open. ♪ here are the top stories we are covering in the next hour. u.s. markets edged up ahead of a wave of central bank headlines this week. fed chief will face a barrage of questions on capitol hill. the prospects for rates. arrivedtwitter ahead of trade talks, raising the presence among the american people. shery: later in bloomberg technology global link, ibm closely $34 billion purchase of red hat, sealing the world's second-largest tech deal ever. will this help ibm catch up in cloud services? we will discuss. first, a quick check of how the markets closed in the u.s. the s&p 500 pushing higher. in the last hour or so of trading after fluctuating between gains and losses. we have fang stocks meeting the gains. we saw some declines when it came to the consumer staples. not to mention material stocks that led the gains. we have the dow unchanged at the toent, falling slightly down 26,783. investors still bracing for powell's testimony to

shery: i'm shery ahn. sophie: i'm sophie kamaruddin. we are counting down to asia's major market open. ♪ paul: the top stories we are covering in the next hour. trade talks resume next week with face-to-face meetings in shanghai. the first of negotiation since may. again, cuts forecasts warning of policy missteps on trade and brexit. boris johnson heads to downing street, which he must avoid a damaging no deal divorce at all costs. shery: later in bloomberg technology global link, we will talk about the justice department investigation into whether big tech has been stifling competition. first, that's get you started with a quick check of how the markets closed tuesday session in the u.s. the s&p 500 closed at the highest level in more than a week, up 7/10 of 1%. rising for a second consecutive session. we have some strong earnings coming from the likes of coca-cola, united technologies. not to mention lockheed martin. we also had investor confidence that a deal would be struck when it comes to suspending the u.s. debt ceiling. in the a

shery ahn: thank you.'s check in on first word news now. >> thanks. relations between the u.s. and iran have and further strained by the seizure of a tanker in the gulf and the shooting down of an iranian drone. the ship was halted because of the suspect did of smuggling oil. but picturesunday, have just been released. washington is demanding its release. it also said it destroyed an iranian drone threatening a warship. >> they took defensive action against an iranian drone which had closed into a very, very near distance, approximately 1000 yards, ignoring multiple calls to stand down and was threatening the safety of the ship and the ship's crew. immediatelys destroyed. >> the u.k. was warranted faces regulations before financial firms will be allowed to do business with the eu in the event of brexit. the commission would lay out its view of the equivalent system, which allows companies to operate within the block only if domestic regulations are deemed tough enough. the eu draft will be presented in bru

shery: i'm shery ahn in new york. sophie: i'm sophie kamaruddin in hong kong. we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering in the next hour. a rally for tech drives wall street to franchise on the start of a busy week for earnings and economic data. big banks reporting results. citi beat expectations but investors say it is a low-quality success. talking trade again. the u.s. team may ahead to beijing for new face-to-face negotiations if talks over the phone go well this week. shery: later in bloomberg technology global link, we take a look at all the concerns around the facebook crypto push. why analysts say libra is fanning the flames for critics. first, let's get you started with a first check of how markets closed on monday the u.s. we have equity markets fluctuating between gains and losses, just the finish slightly higher. investors pretty much focused on second-quarter earnings. we had tech stocks leading the rally with the nasdaq up 2/10 of 1%. steel stocks

trading is excited to start on july 19 shery: shery:.teaming up with jpm to invest about $100 million in streaming service. we are told talks are in the final stages and terms may change. tencent has invested heavily in movies and tv shows and launched its first overseas video streaming service last month in thailand. the e-commerce platform recorded more than 5 billion transactions in the last fiscal year. australia's energy grid suffered blackouts last summer as extreme teva tears caused power stations to break out and renewables were unable to build the gap. now symptoms troubles facing australia, let's bring in our asia energy reporter. james, what are the big generators doing to ease the bumpy transition?/ james: first and foremost, i stressed the need of reliability for a company that transitions. i have been speaking to origin energy, one of australia's biggest generation companies. they have told me they are generally based low which means it provides a general, steady flow of power during the day. but when those older turbines t

shery: i am shery ahn in new york.ing fell the most in more than two months as the 737 max hangover worsened. southwest airlines have now itspped the plane from schedule until at least the early part of next year. meanwhile, boeing's defense unit withdrew from a lucrative -- amid a dispute over bidding rules. may rekindle some investor interest in its scrapped asia unit ipo after the very same unit fueled a 10% jump in overall earnings. shares popped on the result. it was powered by 23% gains in aipac revenue. reach 56%d the stalk gains for the year as the company -- shery: toyota is betting on car hiring in china, injecting $600 million in two a company to help the chinese company set up a not an adventure to provide services such as car rentals and maintenance. will bankroll plans. the company has not turned a profit and has been struggling with government curbs on car supply. paul: alibaba has developed its first-ever artificial intelligence chips, delving deeper into semiconductors just as washington targets china'

shery: thank you.om a record and the offshore yuan weekend after president trump reminded us that trade war is far from over. go ashave a long way to far as tariffs with china are concerned. we have another $325 billion that we can put a tariff on if we want. we are talking to china about a deal. i wish they didn't break the deal that we had. comes ahe latest threat day after treasury secretary steven mnuchin said talks with beijing would likely resume this week. let's go to our china correspondent. comment president's make it harder for working level officials to get to any progress now? absolutely. comes comments confirm the view in phase -- beijing that already exists that there is no clear pathway to a lasting deal. china wants the complete removal of tariffs for these discussions to continue while the trump administration has made it clear that tariffs will remain until they see evidence that china is keeping his promises. this raises concerns that trump isn't in a rush to reach a deal ahead of th

shery: i'm shery on in new york.discussions among economists and business leaders from both china and the u.s. on the escalating trade war. selina wang is there for us. i'm here in beijing ahead of this offer record dialogue posted by the national committee relations.na i'm excited to be joined by carla hill, former u.s. trade representative, and former secretary of housing and urban development. tariffs on hundreds of billions of dollars of goods still remain. on one hand, it is hard to accept a deal without the removal, by the u.s. does not want to remove them until they see reforms. how do talks move ahead? >> i think they are going to have to sit down and talk about how they move forward. i can understand both sides. there has been commitments that haven't been followed through. the u.s. is very skittish about lifting all the sanctions for past wrongs and not have anything to talk about. they can do it in stages. >> you successfully negotiated with the chinese. enforcement has been an issue. what have you found t

. ♪ shery: live from bloomberg world headquarters in new york, i'm shery ahn.oronto, i'mife in amanda lange. we are joined by our bloomberg and the nm bloomberg audiences. here the top stories we are following. how low can write go? jp morgan acids manager and says yields on 10 year treasuries can fall all the way to zero. plus, our conversation with the former prime minister of canada. his view on global corp. -- global cooperation and the rise of protectionism. amazon's financial future may be in the cloud. mullins.ve with scott let's get a check on the major averages. it sure did look as though it was earnings and not trade talks driving the action today. we check out the averages, and we can see it is pretty lackluster. s&p 500 off the lows of the session, we are seeing a couple key pockets of moves up and down based on earnings. philip morris with 8% at one point. we did see a rate from the philly fed factory surging. financials were up. consumer staples were up across the broad market. here is one we are watching to give you a sense. that is netflix. decl

shery: i'm shery ahn. and i'm sophie kamaruddin in hong kong.reak asia. ♪ paul: our top stories this monday. tradeis set to reveal its war wounds. gdp, industrial, and retail sales will show how much the tariffs are hurting. dozens are arrested as demonstrations continued in hong kong. m's resignation was rejected by beijing. major ipo has indications for the hong kong market. south korea and australia getting underway. sophie: checking in on the mood comingey, the 200 index off pressure of a 10th of 1%. bhp plans to re-staff platforms in the gulf of mexico. rising with a fresh record close. start of cash trade in so off to 10th of 1%. samsung out of the gate falling there. there's a heavy focus on the japan spat with south korea export curbs. those will be discussed at the wto meeting next week. checking in on aussie bonds, continuing to selloff, traders will be watching for the sale of 2041 notes from australia this morning. in the commodity space, prices coming under pressure, brent off 1/10 of 1%, barely holding onto last week's game after t

shery: i am shery ahn in new york.ommodities had a mixed half to 2019 as the traits that rumbled on. economic data pointed to a widespread slowdown. here is sophie kamaruddin in hong kong. let's start with iron ore, which was the clear commodities champion so far this year with benchmark prices rocketing to a 2014 high, climbing more than 60% on tighter supplies, plus chinese demand. seeingan supplies recovery. morgan stanley seeing a drop in the fourth quarter for iron ore. gold, prices ended the first half near a six-year high, supported by lower rates for a longer scenario as well as growth concerns along with geopolitics. this combo is seen driving further gains for gold. goldman among the optimists, raising its forecast. copper on the other hand has taken a hit, billy putting in monthsor the first six after slumping from the nine-month high it reached in april, youth is expected to talk output by -- april. use is expected to top output. now, to oil, which has gone through a wild ride, with brent hitting a high of

shery: i'm shery ahn in new york courts 6:30 p.m.'re watching "daybreak: australia." . >> the u.s. treasury is thing to double expected borrowing in the third quarter, issuing $433 debt, morenet market than was seen in april. it comes after the bipartisan deal to suspend the debt ceiling the senate is expected to vote in the coming days. and falling to multiyear lows and prime minister boris johnson stepped up plans for a no deal brexit with just three months to go. the pound fell the most among g10 currencies as johnson warned he won't resume talks with eu leaders unless they agree to renegotiate the deal struck with theresa may. brussels has so far refused to reopen talks on the deal or the irish backstop. the imf says been as well as economic declines in 2013 will reach 65%, one of the steepest five-year contractions of any country around the world over the last half-century. the fund said the fall is unprecedented in the western hemisphere and is one of the where contractions unrelated charmed conflict or natural disaster. the im

shery: we have breaking news.he family behind nordstrom is seeking to strengthen its grip on the decline that has tension on the board. members of the family in the early stages of discussing a proposal. --s would be to boost according to people who have spoken to dow jones. the report says it is not clear how the family would increase the stake. we are seeing the stock gaining 80% as the family behind nordstrom prepares to increase the stake in the retailer according to a dow jones report. we are just minutes away from the fomc decision. markets are anticipating a fed rate cut of 25 basis points. including economists are looking for a 25 basis today and another in september. for more on the market impact of possible one to terry easing, head of investment strategy, snyderyder -- shawn joins us. are we expecting fireworks today? shawn: thank you for having me. i am not expecting huge fireworks. i think they will deliver what the market is looking for, which is a 25 point basis cut. it is possible you could see a 5

this is bloomberg. ♪ shery: this is bloomberg markets. i'm shery ahn in new york.er: the allen and company conference is underway in sun valley. it is a hotbed for hockey. ed hammond, is on the ground with top executives in the sport. >> thank you so much. i am joined by gary bettman, the commissioner of the nfl. thank you for joining us. gary: great to be here. >> you have been coming here around 20 years. you're the longest any commissioner of any pro sports league. what is the biggest change you have seen in the media landscape? gary: the opportunities to connect with our fans in new and different ways. new technologies, digital platforms, social media. with millennials and generation z's focusing on sports differently, we have to make sure we are connecting with our fans on their terms. going to become a relevant question in the next couple of years. what is the play? if you do have a direct consumer bid come in at a better rate, is at the best option? gary: i think it is most important that you connect with your fans and that you reach them in the broadest pos

shery: i'm shery ahn. welcome to "daybreak asia." ♪ paul: our top stories this tuesday, washington ramps up the pressure on brussels. the administration proposes slamming on $4 billion of e.u. products new tariffs on $4 billion of e.u. products. hong kong protest take a violent turn. the government commends vandalism. news out ofing south korea. we are getting consumer prices for the month of june year on 0.7%.ricing this is as much as it rose back in the month of may but also slightly disappointing yeartations of a 0.8% rise on year. month on month, it contracted zero point 2%, which is a bigger contraction as expected for the month of june. we have seen a lot of pressure for consumer prices. we are talking about lower oil prices. brent crude prices down 20% on average in the month of june compared to one year earlier. not to mention the domestic demand in south korea is pretty weak at the moment. the bank of korea's signal we will probably miss the forecast of 1.1% inflation in 2019. pretty far away from

shery: i am shery ahn in new york. denied the jet airway founder permission to fly overseas amid a government investigation into fraud at the airline. the judge said there was concern you might not return to the country. he travels said that to secure funding. they owe more than a billion dollars after the defaulted on loans. awardedamco has contracts with $18 billion to boost output of two offshore oilfields even as opec and its allies extend production curbs. the projects will add a combined 550,000 barrels a day. china petroleum group, hyundai engineering and two other companies are among a global list of companies to win contracts. a share sale planned in hong kong six months after listing. the company is working with advisors to offer shares in hong kong before the end of the year. sources say the listing could raise half a billion u.s. dollars. based on their current market value. shares have soured -- soared since the ipo in january. is seeking to mitigate the concerns raised on capitol hill about its proposed d

shery: i'm shery ahn in new york.ni strauss reporting a miss its quarterly margins and declining wholesale sales. the street ripping into the stock on the news. analysts are reiterating their positive views on the company, saying margin pressure is a short-term issue with the brand resonating in retail stores. joining us now is a retail reporter of bloomberg. markets don't like what they see but analysts are still positive, why? u.s. sales are slowing down in levi's but they are reaching out or their international markets. asia, europe, and they also just ipo in march. the company is saying we are taking a one-time hit with the profit but we have a lot of things in place to make sure that you should not be so cautious about us. it was incredible watching the excitement around that ipo. the company seems focused on being more than just a jeans brand. are we showing -- seeing that show up in the results? jordyn: their top business is doing well overseas. a lot of people are wearing levi's tops. they are leading into the

this is bloomberg. ♪ shery: i am shery ahn in new york.ing of presidential candidates takes the stage at the top of the hour in detroit in the second night of debates. front-runner joe biden will be among those competing. our chief washington correspondent is there. in the first debate, we saw, harris taking on joe biden on school desegregation. how high are the stakes this time around? >> incredibly high. i literally just spoke with a staffer and said, how is joe biden going to do tonight? is he going to get back on offense? they said, i hope so. just contrastot themselves from, harris, but cory booker, the democrat from new jersey and also the progressive candidates from last night who are casting in ideological shadow over the biden campaign, virtually forcing every other candidate to respond on issues like medicare for all, wall street regulation, trade negotiation. general motors is headquartered here in detroit. and the fight for union workers, offer auto workers, for refinery workers, for the 70,000 voters who flipped from obama to

shery: and i'm shery ahn in new york.aker bas cutting on the deepening slow down and weakening auto market from the u.s. china trade war. the company notes a disappointing quarter and says earnings will be as much as 30% lower this year than last. the chemical sector has been hard-hit by the trade war which has affected a wide range of industries. has raised money selling is 80% stake in can echo bank. ceo john pierre risque is reviewing unicredit's performance. china's biggest sportswear maker anmped in hong kong, after analyst showed concerns over financial reporting and relationship distributors. countering that the allegations are incorrect and misleading. may the company was forced to defend itself after its accounting and corporate governance were questioned. professore eye on it being held at the trade ministry of japan. we are now hearing from the trade minister, saying they are not thinking of withdrawing export restrictions, when it comes to three key technologies to south korea. earlier- we had heard that the u

shery: i am shery ahn. sophie: i am sophie kamaruddin. we are counting down to asia's major market open. ♪ paul: the top stories we are covering, deutsche's savings plan, ceo's -- the loss of $3 billion and elimination of 18,000 jobs. the turkish lira slumps as president are to want fires the central banker. he wants policymakers to support his view on rates. criticism of the fed, president trump renews his attacks saying jerome powell and his team don't have a clue. let's look at how markets closed. the dow fell for the first time in five sessions. session,thin trading after the independence day holidays. s&p 500 down .2%, led lower by health care and utility stocks for the main focus during the session was on the very strong u.s. labor report. 224,000,ayrolls rising leading expectations to pare back some of the fed rate cuts. you have treasury yields, 10 year yield also retake the 2% and u.s. stocks falling from record highs. let's see how u.s. futures are looking unchanged. see how the asian markets are shaping up. sophie: futures are

shery: live from bloomberg world headquarters, i'm shery ahn. amanda: live in toronto, and amber can work. welcome to "bloomberg markets." we are joined by both are bloomberg and bn and bloomberg audiences. here are the top stories we are following from around the world. mueller takes the make the former special counsel -- counsel is being questioned on capitol hill in front of two congressional committees. boris johnson takes the reins. the new u.k. prime minister has already doubled down on his brexit plan in his first address outside of 10 downing street. facebook versus the fed. the doj and the ftc have the social medias giant site slapping on a privacy settlement let's check in on all of the market action. a mixed trading day. largely driven by inconsistent results that we have been getting through the earnings season. the dow is the under performer. largely in part because of weakness we are seeing in shares of caterpillar, as well as boeing. boeing burning through $1 billion in cash as a deals with the grounding of its 737 max jets. it is

shery: i am shery ahn. we are counting down to asia's major market opens. ♪ paul: here are the top stories we are covering. time to talk again, u.s. negotiators going to china but little hope of a breakthrough. neither side seems ready to compromise. andour guest -- teargas arrests in hong kong, threatening to scare business and tourism away. markets prepare for the first fed rate cut in a decade. u.s. inflation is stagnant, unemployment near a half-century low. shery: let's look at how the markets close friday in the u.s. the s&p 500 and nasdaq closing at record highs, the s&p with its biggest jump in three weeks, the nasdaq in five. we had twitter and alphabet leading the rally and positive results. that sent top -- tech stocks higher. this coming at a time when we had stronger-than-expected second-quarter gdp numbers. but did nothing to stop expectations at the fed. it is a busy week for earnings very and we have 160 firms on the s&p 500 reporting earnings, of this season. futures not doing much. let's s

shery: and good evening from new york. i am shery ahn. welcome to daybreak asia. ♪ our top stories this tuesday. trade talks resume after a two-month break and compromise seems to be in short supply. big week for is a central banks. a big week for central banks. shery: markets close the monday session in the u.s.. 1/10 of 1%.up apple gained ground ahead of earnings announcements on tuesday. the s&p 500 and nasdaq falling and amazon and facebook lost ground and that dampen the sentiment. yields falling again for the second consecutive session. headed to the decision with the fed perhaps cutting rates this week. toare also looking forward the u.s. china trade negotiations starting this week. u.s. future is up 1/10 of 1% at the moment. let's see how we are setting up in asia. conviction int of the market open. andzealand and australia trading is going sideways. australia will be interesting to watch today. futures pointing higher by one half of 1% and it looks like the asx will hit an all-time high. the kospi future is high in quarter 1%. a

shery: i am shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this tuesday, policy under pressure. the fed looks set for a quarter-point cut next week as its global peers lineup to join the march to ease. to talkvalley chief had about the easing of the sales ban on huawei. grounding may have serious implications for boeing's future credit worthiness. shery: let's get you started with a quick check on how markets closed in the monday session in the u.s. .3%, as we rallied had tech shares leading the gains. the philadelphia semiconductor index up 2%. we had some positive trade news on the u.s.-china front, not to mention a time of earnings and analyst calls. apple being the biggest win on the nasdaq, up .7%, with morgan stanley boosting its price target for the stock. we had energy shares gaining ground with crude jumping the most in more than a week. tensions-anu.s. ongoing in the middle east. let's see how things are shaping up for the asian market. pointing tores are modest gains in toto, sydney, and seoul. tech firms very

ex am shery and -- >> i am shery ahn. >> i am sophie kamaruddin in hong kong. looking to "daybreak asia." "daybreak asia." to resumealks set next week. face to face readings will be the first direct negotiations since may. clouds gather. and boris johnson heads to downing street. must avoid a damaging no deal divorce at all costs. check ofget a quick the markets. we saw the s&p 500 topping 3000, gaining the most in more than a week. earnings from the morning session. ofults out of the likes coca-cola, united technologies, not to mention lockheed martin beating expectations. we got news u.s. negotiators were headed to china for the first face-to-face negotiations since may. u.s. futures under pressure, down 0.1%. taking a hit after hours after reports they would be facing more antitrust scrutiny. let's see how we are shaping up in asia. pointing to a mixed start as investors consider the warning on global growth with china receiving a global downgrade. even as we have optimism around the u.s. china trade talks. the boj expected to downgrade some projections as w

shery: i'm shery ahn in new york.ted pressure cooker's and gadgets are not enough for amazon to stand out anymore in the competitive retail space. the company now tapping kobe bryant and other celebrities to create buzz for prime day. in theiring mainstream marketing techniques. what is happening? >> an interesting phenomenon. prime day is now in its fifth year. historically, amazon would use the event to tout its own devices like the echo speaker, then a big emphasis on groceries after they acquired whole foods. they are leaning on celebrities this year. when you look beyond that, there is nothing new or novel amazon so to promote for itself, instead is leaning on the celebrity star power to drum up interest in the day. you mentioned kobe bryant selling deodorant. mark wahlberg selling protein powder. sensations selling colorful hair bows. techniques,ditional something that their competitors are already doing. items ones pushing amazon already have deals with target and such. a hair bowill wear when you do, spencer.

shery: live from bloomberg world headquarters in new york, i'm shery ahn. amber: and live from toronto, i'm amber kammer, in for amanda lang. shery: here are the stories we are following from around the world. low rates claim another bank victim. mrs., following its pr squeeze by a flat yield curve. now netflix set to report earnings after the bell. how about company will grapple with losing some of its most popular shows and movies to traditional media companies dropping into the streaming game. and elon musk wants to merge human brains with computers by next year. we will have the details on his latest venture. startedet's get you with a quick check of the markets. the s&p 500 falling for a second consecutive session, industrials leading the decline lower. it is now below the 3000 level. of earningsed bag and lingering trade tensions between the u.s. and china that are dampening sentiment. the dow was also down .2%. the dow transportation average is also seeking to five-month lows, and we follow that index to gauge economic performance around the world. w

this is bloomberg. ♪ shery: i'm shery ahn in new york. paul: i'm paul allen in sydney. a check of the latest business flash headlines. mark ribbons insisted nothing extraordinary happened to trigger the plunge, but the fundamentals of the business remain strong. however, he admits the company performance recently has not been where it should be. anagement is working on strategic review. it has slumped more than 20% so far this year. unit of air new zealand has won another $17 million in what is the fourth agreement of its kind. gas turbines will work on 10 engines which power ships in the u.s. navy fleet of cruisers. it has been working with the u.s. navy for 20 years. coming up, we will be joined by the cio of progress to get his outlook for the energy sector samsungr, we will talk earnings. this is bloomberg. ♪ paul: good morning. i am paul allen in sydney. we are under one hour with the australian market open. shery: i am shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this friday. issue markets look set for a

shery: thank you.lso i will be speaking with huawei chief security officer and on all of those security allegations against the company later this week. for now let's turn to a supplier and competitor, samsung. some breaking numbers. paul: second-quarter earnings just starting to hit bloomberg right now. we have second quarter operating profit at 6.6 trillion won. 56.1d-quarter sales at are waitingn. we for breakdown on smart phone display. that makes up a large percentage of the profit. we'll keep an eye out for defects and capex numbers as now we have the operating won. s6.6 trillion let's get brian mott in singapore. great to have you with us. 56.1 3quarter sales profit. won. operating we are still not getting those divisional numbers per what are your excitations for the second quarter? is, think the big question as paul was pointing out, is it chips that are really the thing dragging them down? how is, in contrast how the phone division doing great i think the problem is that there are weaknesses

this is bloomberg. ♪ shery: i'm shery ahn in new york.nd i'm all allen in sydney and you are watching "daybreak australia." u.s. aviation regulators faced criticism over allegations they let boeing call the shots approving the 737 max. the senators grilled faa officials citing reports of lax jet's flightn the control software was developed and later updated after the system's first failed crash in indonesia. shery: turkish airlines is said a strugglingted in group in australia. we told the decision is an early stages and may not result in a deal. the chinese conglomerate is selling assets after racking up one of the country's biggest corporate debt loads following a global acquisition spree. sports carmaker aston martin faces questions about its future after the company experienced a loss in the first half and cut its forecast by more than 10%. this scared investors and sent shares tumbling by more than half of the past week. plenty more ahead on "daybreak asia." this is bloomberg. ♪ paul: sophie: i'm sophie kamaruddin in hong kong. welco

shery: thank you.ven as the president expressed optimism on trade talks, he took a swipe on china and europe. that beijing of brussels are manipulating currencies, pumping money into the system and the u.s. should "match them." bring in our reporter. what does the president mean here when he says match europe and china? >> that's the question. we have seen trump repeatedly take aim at other nations for their currency practices, but this seems to be the first time he has suggested the u.s. take action. this could just be more pressure on the federal reserve to cut interest rates, but a few foreign-exchange analysts are raising the risk that perhaps he is suggesting the u.s. actually intervene in currency markets, which is very rare. the u.s. has not intervened to weaken the dollar since 2000. it is something we have not seen in a very long time. yes, so what would the threshold for an intervention be? what would trigger it? >> it puts a lot of pressure on the fed's july meeting. if the fede that does no

shery: i'm shery ahn in new york.after the bell today, the second earnings report as a public company, and investors are getting jittery after the stocks stellar run. it's been the best performing ipo this year, surging nearly 800%. joining us now is our consumer reporter. this chart showing you saw the stock rally 800%, as we said, but analyst price targets are not keeping up. our investors right to be concerned? has everyone'sn attention, the best performing ipo this year. it has attracted a lot of short-sellers, so there is a lot of concern whether they can keep this up. it gives investors access to shifting eating trends, the rise thate good foods, but valuation is maybe a little bit overstretched. to: it's been incredible watch the stock rally, as well as all the partnerships this company has been unveiling. how crucial will it be to get the execution right now that they have all these partners around the world? >> that is key. we have seen tim hortons, dunkin' donuts eager to get this out the door because of all

this is bloomberg. ♪ shery: this is "bloomberg markets." i'm shery ahn in new york.m jon erlichman in toronto. trade obviously a big storyline. face to face negotiations between the top chinese and u.s. trading or shooters could happen soon. chinese state media reporting this following the recent meeting with soybean buyers. let's bring in jenny leonard who joins us from washington. you have written a lot about where we are in the street talks. what is the latest? jenny: we are at a standstill right now. the past couple of days there has been some goodwill gestures on both sides. that is what the chinese media interprets. ustr has issued some exclusion approvals for chinese goods. on the chinese side, as you said, some movements on the soybean purchases. nothing is finalized, of course. i would just note, these are incremental steps in such a big dispute that fell apart in such a dramatic way, it is really uncertain right now how much these incremental steps matter in the big picture for when the two sides actually sit down again. as we have reported, they don't even