softbank boosted the purchase of sprint shares.n august, reiterate his support. >> you may think i am being overly optimistic about sprint as there is no concrete progress i can show you. having exactly the same positive feelings when we turned around the business with yahoo! broadband and i believe i made the right decision to buy sprint and i have no intention to sell it. emily: this is sprint's second round of cuts in a year. last year, it said it would trim 2000 jobs. cardu use your credit since yesterday, you probably noticed swiping is no longer a thing. as of today, all u.s. retailers must be equipped with a microchip reader to process payments. the chip is supposed to be more secure than a magnetic strips but it generates new authentication codes making, it harder for hackers. joining me now is ellen richey, a risk officer. you guys have been going through this change. i have gotten new credit cards. i was in europe 10 years ago now and was using chip and pin back then. it has taken the u.s. a long time. do you have a numbe

fast retailing was down 3%, and mobile phone carrier softbank shed 3%. the news from china affected companies that rely heavily on demand from that country such as fanuc. it fell by 3 prepondera.3%. gains were limited by demands of food and beverage or railway companies, another sign that investors are trying to play it safe. sappora and southeast japan railway both advanced. u.s. businesses reenforced the defensive posture investors assumed in response to the soft economic data from asia. >> aika, thanks. >>> moving on to other markets. the shanghai added 0.2% stretching the winning streak to a fifth day hoping for further stimulus measures boost sentiments. the weak data from china pushed down other markets in the region, and hong kong slid .5%, and banking and energy relat shares dragged down the index. indonesia tumbled 3% on profit taking from a six day rally. singapore retreated more than 1.5% after recovering the key 3,000 mark for the first time in nearly two months on monday. sydney extended losses on lower commodity prices. prime minister abe v

liz: if it's not at&t it's sprint softbank, if it's not sprint softbank, it's a french telecom.re's an educated guess that comcast may buy you. >> i think that works. listen, the cable industry needs to go mobile, and you can see the change taking place, and then the old school carriers are trying go the other way. liz: you'd want to be in charge if somebody took you over? >> i want to do the right thing for my customers. i'm trying to change an industry and we'll look at all alternatives. liz: quick word association, quick question in a row. i say sprint, you say. >> sucks. liz: i say blackberry, you say. >> still in trouble. liz: is samsung phone business in trouble? >> no, samsung's phone business is not in trouble. samsung has an awful lot of work they're doing on the market. they make a beautiful device. the new products are fantastic, and we have a gigantic base of android customers driven by samsung, i'm a fan. liz: is anybody in a position to beat apple iphones? >> apple's a machine. so i would say the ecosystem of apple is extremely important and they continue to innova

softbank did well. institutional investors like japan's pensn funds were first in line to take advantage of the dip in the blue chip stock, and retail investors followed suit. we saw decent games through companies depend on emerging market demands, komatsu up .4 as well as fanuc. the prospect of a u.s. rate hike leads to a stronger dollar and yen, and today, we saw riskier currencies appreciating like in malaysia. >> aika, thanks. >>> other markets in the asia pacific region bounced back as well. in china, the shanghai composite jumped 2.3% jumping to the 3300 level in two months. expectations of more government stimulus measures provided a positive sentiment. kospi closed 1.2% to close at the highest level in more tn two months after the bank of korea is keeping interest rates up changed. hong kong index gain 2% led by casino operators, and indonesia ended up just over .5%. >>> japanese farmers call for measures to protect domestic agriculture. they made the appeal at a national convention of local far

big gains in all three mobile phone carries with kdi rallying 5%, and ntt and softbank rose as well. this has worries about rate cut, but monday's meeting emphasized the need to improve services so there was a relief rally in the companies. on the other hand, though, companies are sensitive to economic slow downs abroad like raw materials producers and education porters who struggle. daido steel slumped 2.1%, and exporters like mazda and sharp fell 2%. it's now difficult to buy further with big market events ahead like central bank policy meetings both in japan and in the u.s. lingering concerns over china's economy are also weighing on the overall market mood. at the tokyo stock exchange. >> aika, thanks. >>> moving on to other markets in the region. in china, the shanghai surged in the time trading hour rebounding more than 1% to a two month high. some investors pinned hopes on government stimulus measures ahead of a key policy meeting starting next week. hong kong slid.had% after three days of gains, shares sold on profit taking before the holiday. the jakarda gained .5% stretchin

they partnered up with softbank to promote the service. founder and ceo reed hastings has been operating netflix at add toen while racing to describe this. over in south korea, firms are enjoying a busy deal story. the value of new deals jumped 17% from a year ago, to more than $86 billion in the first nine months of 2015. it now trails only china among emerging asian economies in the most deals this year. the number of m&a's has always doubled since 2012. dealmaking has been driven by a generational shift in management as family-run chaebols have t heir heirs taking over the business. they are coming under pressure after lawmakers approved a proposal by the fair trade commission to signify the ownership structure. who is reaping the benefits? dealmakers such as goldman sachs are topping the list of advisors in south korea, followed by morgan stanley. hyundai arelike likely to quicken moves after samsung and ask restructured business. the weak economy is driving m&a activity, as businesses shed unprofitable units and restructure and refocu

softbank bought a roughly 20% stake in this company this maverplet it was seen already at the time ase bit of a bailout. clearly wasn't enough, rish. rishaad: ok, but the question remains, why are they in trouble here, christopher? christopher: well, it's all about the indonesian economy, really. we've seen a number of restructurings lately, companies that had taken too much leverage. these guys went offshore, came to singapore. they have a listed company in singapore. they took a singapore bond. onshore loan in u.s. dollars and as the rupiah deappreciated against all these currencies, it became too much for them to bear so they're not able to pay their debts as they are right now. rishaad: quick word on when the last restructuring took place in indonesia? >> it was this year. last year we had another one. we've been having a number in the past few years but these are overleverage companies and sectors that were hit. commodities, shipping, all these that were hit after the global financial crisis. in the past year or so hitting some of the commodities companies. this case is particula

japan's softbank owns more than 80% of sprint stop.here has been another big hacking attack aimed at consumers. t-mobile says about 50 million customers who filled up credit applications for the wireless carrier may have had personal data stolen. the hacker still names, addresses, social security numbers from a database run by experienced -- experion. and those are your top stories. increasing tensions in the middle east having an effect on energy prices. oil gaining after russian airstrikes in syria drew objection from the united states and its allies. the oil headed for a rebound after plunging to six-year lows in august? let's bring in francisco blanch. that is the question to you, what is your outlook for oil prices? >> thank you for having me. we think we're going to see a bit of a bounce in oil for year-end on the basis of incremental consumption heading into winter. also in portland, based on this study production declines we're seeing in the u.s. and other parts of the world. inhink for the first time eight quarters or so, we w

david: why doesn't softbank by them?e market cap without aliba -- >> verizon just bought aol. uy yahoo!?b stephanie: thank you so much. only a bloomberg can you get experts like this to break it down. what are you doing in san francisco? erik: when the sun comes up today, i will be sitting down with the ceo of wells fargo, the best run bank in the nation, talking live. stephanie: he is running a victory lap. people took them as the plain-vanilla guy. he is now in the cool club. emily chang in austin, texas. we will stay with you. ferrari'sour rate -- u.s. ipo off to the races. ♪ stephanie: welcome back to "bloomberg ." check --wo major deals changing the tech landscape. sandisk is a leading maker of the flash memory chips. kla for $10.5 billion. general motors has a profitable third quarter. gm spends $1.5 billion -- fiat chrysler and starbucks getting huge tax bills. each company owes about $34 million. that is the latest bloomberg business flash. stephanie: i think today is the best of bloomberg. tom giles and bren

other stocks that have been gaining in japan as well, softbank leading those games.ed more than 4% in japan. japan thatd heard in iron and steel producers were attractive given that credit suisse was saying that infrastructure-related companies could be attractive. a report by the nikkei newspaper saying that first-half operating profits jumped 80%. mainland shares in china closed today on holiday. hong kong still trading. we are seeing casino stocks soaring after we heard from reports saying that chinese visitors during golden week surged, not to mention reports that the chinese government could be helping the city's economy. guy: thank you very much indeed. we are 27 minutes away from the european open. clearly, still reacting to what happened friday with the payrolls and the stock rally. we think at the moment -- this is the fair value calculation the bloomberg terminal gives us. we think this is where european equities are going to open. 1.9% probably the average. the dax looks like it is going to open softer. glencore is going to be interesting for the london ma

softbank continues to own 81%. it has not been a winner, though lately the stock has been up sharply. wanted to come back to another stock that's up. that's dish. we got the resolution to that argument with the fcc about them paying because they shouldn't have gotten the designated entity discounts. they chose to return the spectrum in question. pay a penalty price. that spectrum will go back to the fcc. it will be reaction. dish will pay the difference of whatever the new auction price is we have not gotten anything on the bigger issue, are they in the process of doing a significant deal with their spectrum or to sell some of it or i should say to partner with perhaps a service provider or some unknown entity to help capitalize a spectrum co. this is all speculation, but sparked by the fact that they said we need two weeks to figure this out. charlie ergen had a number of conferences, but nothing. just the deal itself which is at least a slight positive. all right. let's get from stocks back to bonds. rick santell

stephanie: could this be anshu giving us a preview that he will go to softbank. bank,e left deutsche there was a glowing op-ed about what an extraordinary man and businessperson anshu is. paving the path? john: i don't know about istbank, but beyond that it the appeal if that you are leaving investment banking and a big bank at the moment, going to something where technology -- technology could change banking, particularly at the retail level, all the way around the world. the european banks are little ahead of the american things on the retail side. they are doing more clever things in branches, clever things he high into the scenes. in america you have an attack from silicon valley. you will likely see that in asia . it is an interesting time where an old industry -- and finance to that,ike being term but it looks that way in silicon valley -- is being turned over. stephanie: editor and chief of bloomberg. veryve larry summers deeply involved in lending. david: john is a big fan. he believes that is the future. is theie: technology future. you heard it here on