softbank is investing in a green energy project in india.eo will be working with foxconn technology on a solar venture. it aims to add 20 gigawatts of power. the prime minister is pushing to expand clean energy output fivefold. greece has been given a 48 hour deadline. emergency meetings in brussels discuss new proposals from athens, but failed to produce a breakthrough. asian stocks have joined the optimistic rally. was later water down for athens demand for some type of debt relief. atit is time to look individual stories, corporate stories. composite -- was down as much as 40% at one point. shares moving to the downside today on the back of news that -- no other details were given. shares are resuming and we are down 38%. this company and korea,orea, -- in south dabbles in renewable energy, 160% up-to-date. -- up today. shipbuilding rising on the back t, and news, nc sof analyst putting out a rather rosy report for the company. let's shift to japan. one, over thethis past five days, on average up about 25%. the latest piece of news i can

pepper is the creation of japanese telecom operator softbank. it will go on sale to the public this weekend. >> the robot shows when it's having fun, feeling worried, or experiencing other emotions. it can also access about 200 apps for things such as games and conversation. sovt softbank officials will sell the robot through their website. >> translator: there is the possibility that smart robots using i.t. could become one of the company's key businesses in 30 years. >> softbank's chairman said chinese firm alibaba will invest in the project. he said the firm wills work together to promote the robot worldwide. >>> people who run independent electronics shops in japan are looking for an edge. they've seen consumers flock to big chain stores and retailers who operate online. so they're taking fresh approaches to survive in a changing industry and keep customers. >> reporter: one neighborhood shop owner has come up with a strategy to stand out from his bigger rivals. he's focusing on customer service. his name is hiroshi takabashi. on this day he

softbank says it is not taking any more orders for now.pepper is capable of responding to a motions with humanlike body language. to the next story, hong kong's exchange is moving closer to you loosening shareholder voting rules to stem the flow of listing in new york. bloombergned by reporter. it is all about shareholders, they would like to control business and would like to make business decisions. that is why they want to have more rights within the company. eightlly emerging from one share one rule. there was a lot of discussion, but finally they decided on new york for voting rights. yvonne: we talk about how this is a huge setback them. a huge loss for them on that front, losing alibaba. with these changes, with a be able to protect investor rights if they depart from this one share one vote? reporter: that is the big question. regulators will be making the final decision of the rules. chinese companies account of 60% of market stake. the exchange in hong kong started to lose business through exchanges in new york. companies as of l

softbank's humanoid robot.ompany is teaming up with alibaba to develop robots that can work in the real world. they are investing $118 million each to take a part in softbank's project. pepper has more than 20 motors and super flexible arms. it's body language mimics a humans. up next, cisco in china, $10 million of investment. what does it mean for the company? plus, snapchat may be snapping up serious cash. how a 10-second spot leads to tens of thousands of dollars for the company. ♪ emily: it is time now for the daily byte, one number that tells a lot. 400,000 -- that is how much won 10 second add-on snapchat can cost you. one of these ads can be viewed up up to 20 million times. snapchat introduced live stories last year. the feature allows you to stream content from live events like the new york marathon. snapchat is currently valued at $16 billion. well, cisco steps up in china, a market where it has been losing business to competition. the outgoing ceo and his successor chuck robbins went to beijing to m

softbank's humanoid robot. giant is teaming up with alibaba to develop robots that can work in the real world. the chinese tech giant or nothing $150 million each. -- are investing $118 million each. softbank is also planning a service recognition with an app store. it has more than 20 motors and super flexible arms so that his body language is that of a human. up next, cisco steps up in china, legend $10 million of investment. what does it mean as it heads for the big leadership change at the top? plus, snapchat may be snapping up serious cash in its live stories. how a 10-second spot leads to tens of thousands of dollars for the company, up next. ♪ emily: it is time now for the daily byte, one number that tells a whole lot. today's number is $400,000 -- that is how much one 10 second ad on snapchat can cost you. the company reportedly charges marketers to sense per -- 2 cents per view on its live stories. it could be viewed 20 million times. snapchat introduced live stories last year. the feature allows you t

softbank says its first one of 1000 pepper robots sold out.y started selling the robot and softbank says they're not taking any more orders for now but will announce additional sales in july. it can respond to emotions with human like body language. ♪ ♪ ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. angie: but top stories this hour. a senior eu official says greece's latest proposals are a good basis for progress when eurozone meters -- leaders meet later today in brussels. the clock is ticking towards the deadline to make payments. prime minister alexis tsipras is hoping to convince creditors he is ready to compromise. shares in china aircraft are on the rise in hong kong, bouncing back after a 19% plunge on friday. that's when it told investors that its chief executive had quit while on vacation, hasn't been he

softbank announced it will make a $20 billion investment in india's solar power sector. aim to create 20 gigawatts of solar power capacity. that is 20 nuclear reactors worth of power. the indian government is looking for investment in renewables targeting 100 gigawatts of solar capacity by 2022. here to discuss more, kenny kennedy. and bloomber'sg's new [inaudible] you have this trio of billionaires looking to make an investment in solar and india. guest: we are seeing solar going gangbusters. last year we did 40 gigawatts. we are growing in leaps and bounds. india was fairly a market a few short years ago. it will become a very substantial market. just to point out the cabinet only agreed to go for this 100 gigawatts goal by 2022 last week. hot on the heels of that, the politicians say go and the money comes in. emily: it is interesting. the power situation in india is dire. 400 million people do not have access to round-the-clock electricity. but is it achievable to create 20 nuclear powers' worhtth of solar energy so quickly? >> we are optimistic about what india can

we will keep eyes on shares of softbank today after raising its stake in supercell, which makes "clash of clans" and "heyday." we'll keep track of. that and with the yen trading at its lowest level against the dollar in 12 years, blue chip exporters will be a focus here. investors continuing in what is known as the abe trade where they short sell the yen and buy japanese stocks. that is betting that prime minister abe's economic policies will continue to boost the economy. >> and so the u.s. economic indicators, the positive ones seemed also to be boosting the dollar. what can you tell us there? >> the set of data gave a little bit of a pop for the dollar. 124.83 right now. and the investors will be watching the jobs data on friday. it may push the dollar above 125. for the euro it's in a tight range against the dollar. concerns over greece are fixed in the background as well as the european central bank policy meeting this week. the question is what the ecb might do. if it continues continue tative easing measures. and in china, the markets resumed their upwards trends. we'll keep tra

the biggest shareholder is softbank. dollars,offering four about a 22% discount. other companies.ad: tell me about some of the other companies. so say they have gotten offers to go private, including ja solar. a lot of these peers in shanghai are doing so much better. i also want to bring up jack ma. let's bring up the quote from jack ma. i woulde another life, keep my complete private. life is tough when you ipo. oh, poor guy. $25 billion ipo. rishaad: quite something. guest: i don't accuse losing sleep over renren. latest. up next, the ♪ david: hello and welcome back. president obama will be sending more personnel to train iraqi forces. will advise and assist iraqi soldiers including local sunni fighters. islamistold of extremists. the white house said advisers will not serve in combat roles. the new deployment rings the number of personnel in iraq to 3500. -- victims of the germanwings crash have been returned. asple lined the streets hearses drove past their school. 150 people were killed in the crash last march which investigators blame on the plane's copilot. pope francis ha

will make the money -- foundry group, softbank, are they selling any shares? drew: i do not know. would have to check on that. going into the corporate wellness market is probably one of the biggest pathways. pimm: explain how that would work. andrew: you are michael bloomberg, and you are thinking it would be great if my employees got up and walked around more. no suggestions. you are able to track the data, and you can sell this to companies. you can see how active people are, do employees need to be getting up from their desks more, walking around. betty: instead of a lunch break, how about a fitness break. there you go, problem solved. drew: if you can get that down, it is a big deal. pimm: when will it price? drew: the ipo should price in the next few days. the $3 billion evaluation is at the high end of that. --k: $3.3 billion valuation wow. itvia: here is the thing -- is a startup company that is making money. that basically never happens. you can make money in a vc round, but not get to the growth phase where it is profitable. mark: what is making them successful? olivia:

softbank, are they selling shares? >> i don't know. interesting things is that they are looking at going into the corporate wellness market. mm: do you get premiums for the company? thinking it ise great of my employees walk around a bit more. you give them fit this and you are able to track -- it's bits -- fit bits keep track. up froms need to get the desks moore, walking around. my suggestion, instead of a lunch break, a fitness great. expense, if you can get that down, it is great for the coming. they are starting to do -- the ipo will get a prize and the next few guys, $14 $60 -- 14-16 dollars a share. is not theg up, fifa only global organization that is hiding scandal. trobras,discuss pe coming up next. ♪ ♪ welcome back to bloomberg market day. , 15 now for the markets minutes before the closing bell. we will head to julie who is looking at the action. julie: will we close up, close down? take a look at averages. at the moment, we are in the red. but we have been bouncing up and down today. let's look at the s&p 500, that shows f

why does baba softbank or other companies just don't buy them out? >> you're not missing anything.ally is ridiculous. i think yahoo is very undervalued. that's i think you should own yahoo, because you have that $8 cushion. your math is dead right. i want you to stick with your thinking. ruth in california please. >> caller: hi, jim. bless you, i inherited a portfolio stocks from my husband, i'm particularly concerned about ibm. is it a buy, sell or hold jim? >> i think ibm is inexpensesive. it has to do a lot of things right this quarter and then it would start going down. i think they have 29% of the business i like very much. they have to make that 40%, i think you're fine. not -- not buying it, but i don't think you should sell it >>> apple, don't trade it, own it. much more ahead, including what i like to call the arms dealer for biotech. i've got the ceo. >>> and then hot space and it's just made a position that's potential. why is the to be so cheap? find out when i unveil the nonest -- plus >>> and a very new edition of "the lightning round." stick with kramer. hey, what ar

softbank? are they selling any shares? dre i actually don't know. willw check: on that for you right now. what fitbit is looking at right now is going to the corporate wellness market and probably one of the biggest paths. pimm: how would that work? drew: get premiums paid for by the company. you are michael bloomberg and mcknight your health insurance cost and thinking, wouldn't it be great if my employees got up and walked around a little bit more? , no everybody a fitbit suggestions, and you are able to track their data and you could sell that the companies where they are talking about $20,000 for a dashboard and see how active people are. do your employees need to be getting up from their desks more, walking around? eating a salad bar? betty: here's my suggestion -- what about the fitness break and set up a lunch break? you go.ere a huge amount of expenses, if you can get that down, that is a big deal for companies. the ipo itself is going to price in a few days. to $16 a share. that $3.3 billion valuation is at the high end and they are expecti

, india's own start-ups are booming too, with big investments in e-commerce by heavyweights like softbankrt murdoch. flip cart, which sells everything from tvs to pet supplies, went from being worth $3 billion to $11 billion in one year, according to "the times." snap deal, another billion-dollar outfit, told "the times" that the value of goods it sells is higher than that of any offline retailer in india. in the next three years, the number of internet jobs could quadruple, according to bcg. maybe the most exciting aspect of this digital revolution is that much of the web growth has been driven by mobile devices. they allow users to connect in remote areas, even if their local infrastructure is unreliable, leapfrogging laptop and desktop technology. rural users already made up 29% of india's internet population in 2013, says bcg. but by 2018 they will make up 40% to 50%. all of this new access to the modern world is already changing people's lives. if you're a student who lives far away from a good school, you can take courses online. if you're a farmer, you can sell your goods directly

a director as softbank has hit a pay record raking in $15 million.paid executive in japan last year. the record [indiscernible] gopro's has more than $280 million last year. those are the top corporate stories. angie: snake oil or liquid gold? some remain skeptical of it as a superfood. up to $100 a jar, the latest product to track the attention -- attracted the attention of counterfeiters. paul allen has more. paul: the rich color. its reputation as a bacteria makes a go forod more than $50 per pilgrim. -- per kilogram. >> it is liquid gold. it is truly liquid gold. and the price per kilogram is making it grow five fold. skeptics therets are also studies supporting the wound healing and antibacterial credentials. some celebrity endorsements have helped to boost it from gwenyth paltrow to joy of it. -- two the tennis star who eats it per day. where there's money to be made, there is counterfeiters. year, 7000 terms of ituka honey is produced and is in the range of approximately 10,000 tons. your estimating approximately 83% of manuka honey available

. >> you recently did a deal i think with softbank in japan as well. >> yes.is what you're going to be focused on. with the belief that this can become a real part of the overall alibaba marketplace and platform. >> yes. yes. and the other thing is because the demand for china is luge because china today the population of middle class is almost the same size as american population. and i think in ten years we have more than half billion middle class. china should change from exporting country to importing country. china will be the largest buyer of the world in next 10 20 years. so we need products from also japan. >> you said your remarks ina mu moments -- moments ago, we'll never see blue sky in china if we keep exporting. >> yes. it's going to be tough. no coast with all the manufacturers. >> do you think that that change can really take place even in ten years? you're talking about an export-led economy that's led hundreds of millions of people out of the poverty and into the farms and cities. why would you change it? >> i think china must change it becaus

want you to meet pepper, it's so cute, a robot that's about to go mainstream thanks to alibaba and softbanks $1600. it recognizes human voices and can carry on a basic situation and help the elderly and sick patients to help alleviate a storage in japan. it will help take medicine and by doctors on the internet. and each invested 118 million in this robotic's joint venture to make it possible. one said, no matter if you like it or don't, robots are going to be as popular as cars, as machines, airplanes and robots will be a part of the family. so, maria, this is interesting. what do you think? don: it's interesting, you know, robots have been taking jobs of human beings now for a while. the one thing that humans had over robots is the fact that we have emotions. and you know, that emotional connection is very important and robots can't do it and what you're saying now is this robot senses emotion. >> yeah. maria: so there went that. [laughter] >> all we had going for us. maria: one thing we had going for us. dagen: as our population ages and medicine becomes better and extends lives, but you