we are getting to a moment on softbank where uber is competing less directly with some of softbank'sestments. they cut a deal with didi. that is not softbank but there is a pathway to be local market players. softbank is covering some of these investments. it could be somebody else. there are other investors in the mix. i am trying to figure out who they are. please call me. emily: what is your take, cory? cory: you could certainly be invested in the number one and number two or three. the fact that they are invested in a number of these companies does not mean they have to pick the winner. they like the sector and see the growth. i loved seeing the numbers yesterday because it let us see how big the business is in russia and countries around there. so many countries are seeing these businesses grow so fast. you imagine any investor will want to get a piece of that anywhere they can get it. emily: peter, another big story breaking today that softbank has reached out to warren buffett and john malone to invest $10 to $20 billion in sprint. what can you tell us? >> does this make sense

softbank's planning to make a direct offer to charter. earlierrejected an proposal by sprint, which is controlled by softbank. this would mark the most ambitious target for a company valued at $101 billion. does softbank have the capital to get the deal done? join us -- joining us now is peter. and paul sweeney. are hishat exactly aims? >> he has been looking for a solution to the sprint business. he bought into sprint when it was the number three wireless carrier in the u.s. it has fallen behind t-mobile and is now number four. it looked like the simplest deal was to combine sprint and t-mobile. it looks like there is a more accommodating administration now in the white house, but given that the option is a little complicated, he is looking for something more ambitious, therefore the gambit for charter. charter came out and said, we want no part of sprint. sources tell us that his son is looking for a bigger deal were softbank and charter would be combined. emily: is charter more likely to do a deal? >> they have been clear that they don

coming up, softbank has placed a major that in the global ridesharing wars. the become investment has the potential to threaten google's drive for local dominance. this is bloomberg. ♪ watching,ebook we are blue apron shares jumped as much as 20% after receiving by -- 711 from 711 analysts analysts. warned the 11 analysts it should not be valued at more than the $10 price. risk of losing out on another big chunk of the global market. $2b announced it has raised billion from japan's softbank and china. the company is expected another $500 million from existing backers. this move is the latest hurdle for uber amidst a series of scandals. joining me to discuss, brad stone. why is this funding round so significant? >> the numbers are eye-popping for southeast asia. this is th biggest funding round of any company and asia -- in asia. players grab is a major in the space. hold on allr's these markets is tenuous. emily: how much pressure is this put on them to get out of southeast asia? >> i think china and russia are good benchmarks. from thoseithdrew markets, it w

not a chance you need softbank to buy charter.n mount the bid it would need to they seem to be, you know, scared verizon if you want to call it that then there's altice. remember him they have a u.s. currency now. people characterize him as more passionate he is passionate and then there's comcast that's probably scared of doing anything along the lines of this because of the antitrust concern it went through when trying to buy time warner cable so we'll see what happens with charter. it's fast nat fascinating to wah this completely separate from what we're talking about here remember the conversations that softbank has been having with uber about making a significant investment in the company largely by creating liquidity for existing share holders, benchmark and a number of large initial investors in uber were talking with softbank about a multibillion investment to which they were partiall tender some of their shares. also might have been new capital coming into uber i'm told by people familiar with the situation, done, dead ov

what do you make of softbank supporting the anti-uber alliance?yoshi son has a lot of conviction in this category and a commitment to online payments. softbank may be interested in taking a stake in uber buying shares from investors and investing more money into uber. softbank has denied that publicly. we think there is still something to it. watch this you've all. evolve. we could have a global peace treaty where all these companies take an ownership stake in each other and we reduce the level of competition causing them to lose money. emily: softbank potentially taking shares of uber because investors seem to want to liquidate stock. is that because they want to cash out or they are losing faith in the company? >> i think it is the former. it has now been 10 years. early investors are impatient. as we know from listening over the years, impatient for an ipo that may or may not come next year. despite the management turmoil, the company uber has continued to perform well. while there might be anxiety, i think people are still bullish on this cate

here it -- softbank,for more on paul, let's just get into it. what is the goal of -- and softbank?question for all watchers. betsd via softbank have all over the place, all over the board including a very big that that was sprint. he is clearly looking to get bigger in the u.s., perhaps offlly here off -- pair sprint with a strong asset in charter. i don't think charter, given their comments, is interested in doing a deal with sprint. the question is does it have to come back with softbank. if you don't buy us, we'll buy you, seems to be the message from them. when we think about price, we are talking a big chunk of change. >> when you talk about charter and take over will be somewhere number two, john malone is a large shareholder of charter, so he will have a big say on the future of charter in whether it involves is us on and softbank or sprint, or a combination of the two. comcast has an agreement with charter, and that goes for about a year. >> you say that charter is the strong player compared to sprint, sure, compared to sprint. it is a triple be rated company, with a lot of

by softbank.here's a great note out by an analyst over at moffett, saying that after the q2 earnings of charter last week, he is positive on charter long-term. a little concerned that it's becoming more of a margin story than a growth story. my question is in maybe the direct offer becoming more of a growth story here for charter. finally to wrap it up, i did this just for you -- g #btv 4520. because we are talking about politics this hour, global risk aversion has now fallen down to its lowest level since the precrisis. we welcome to a lot of geopolitics news this morning. north korea talking about that enter come ou intercontinental c missile. venezuela and the president majuro taking a step back from democracy. take a look at global risk aversion, looking like another risk on day. kevin: love that chart. julia: maybe that optimism showing a tech bubble. we will talk to one expert on how you can position yourself ahead of impending legislation. from new york, this is bloomberg. ♪ julia: this is

softbank ceo's masa-son's $100 billion vision fund may have major implications for investing. today to give us a look inside the empire >> good morning, guys. thanks for having me on today. we talk about masa-son's ambitions. it's far from charter or the u.s. cable market he's after he's building what he refers to as his 300 year vision and he's not content with his current empire which already reaches across the world he has sprint, of course, a big chunk of alibaba, arm holdings and his finger in many, many other companies that we talk about on a regular basis now the nearly $100 billion vision fund is his vehicle to extend that reach further. it is completely unprecedented in size and ambition and it could have major implications for the vc world. it could have major implications for the tech industry at large so far the vision fund itself has employed only a few hundred million in two start-ups but a bunch of softbank investments from one web to nvidia, they're expected to be offered to the vision fund according to people close to the matter. and there are reports just in

softbank is in talks to invest in chinese bank rentals. denomination notes late last year has claimed to have cost to the country more than one million jobs. says 1.5 million people lost worth from january to april. the ceo says most of the losses were among young people in both the organized and informal sectors. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >> i am sophie kamaruddin with a check on the markets. the nikkei 225 continuing to fall down 0.4%. the dollar-yen retains its strength, 113.47 against the backdrop of dollar weakness. treasury yields are falling, given the dovish comments from lael brainard. bok decision due thursday. china moved it to report their bond markets. despite the surge and commodities, oil up, as well as metals. down 0.1%. signaling they perhaps the more ahead for chinese banks listed in hong kong. this is mainland investors and thing up there inflow. we are seeing the last time the 50 day moving average on an index of chinese

softbank is reportedly seeking a multimillion-dollar stake in uber they have acquired the ride-hailing app softbank already has a stake in three asia-based companies with similar business models, including china's, which has attempted to push back against, of course, uber's expansion in southeast asia right. let's get an update on the latest stories coming out of yap japan now. mikiko joins us at the nikkei. >> yes china's ride-hailing service giant announced monday that along with softbank, it will invest $2 billion in grab, which is the largest ride-hailing company in southeast asia. now, grab is based in singapore after being founded in malaysia five years ago and offers taxi and ride-sharing services in the two countries as well as in thailand, vietnam, the philippines, and myanmar, and the company says at least 50 million people have signed up to use its smartphone app softbank's ceo saw note of that and payment technologies, suggesting that it's through the investment he hopes to gain a foot hold in payment services and the median china, which boasts 400 million users, also alrea

the japanese technology company softbank is looking to buy a stake in uber.buy ais in talks multibillion share and the ride helen company. softbank is a major investor in the rival in asia. -- in the ride hailing company. to round off our business update. this is from nestle permit they 's factorynew kit kat -- this is from nestle and prepare a kit kat factory. >> this story is coming from japan due to an increase in demand for the unusual flavors of the chocolate bar available there. and sake.de wasabi nestle has been making more than 300 varieties for decades but sales boosted by tourists to japan who are spending more than ever. there's a special store in central tokyo that sales all of these high-end flavors of kit kat. they cost about 11 euros for a selection. i have tried some of these of flavors and they are pretty impressive. >> well, i think the next time you do business news, bring some with you so we can try it. thank you. moving on now with a check of some other the top international newspaper headlines. ♪ >> and our correspondent joins us with wh

this talk with softbank they are going forward without a ceo. they definitely need one.anagement by committee at the moment. >> thank you for your insight. joe: coming up, what you need to know to get rough for next week. up forguerra -- to gear next week. this is bloomberg. ♪ closing the dow and s&p at record highs. financials falling because of earnings. china will be announcing second-quarter gdp sunday night. julia: britain and the eu sit down for the second round of brexit talks on monday. joe: next week i'm looking for earnings from bank of america and goldman sachs. scarlet: i'm also looking at the bank of japan and the ecb. that does it for what'd you miss. whoooo. i enjoy the fresher things in life. fresh towels. fresh soaps. and of course, tripadvisor's freshest, lowest prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantly compare prices from over 200 booking sites... ...to find you the lowest price... ...on the hotel you want. go on, try something fresh. tripadvisor. the latest reviews. the lowest prices. alisa: i am al

preparing an offer through softbank for charter communications.proposal to buy sprint. it is the cable giant with a good relationship with verizon. that is one part, but this takes us up one level with softbank occurring of direct offer for charter communications. when get any reaction tokyo markets reopened in 20 or so minutes now, we will see. hsbc.p stories this hour, next hour, earnings coming out. it is a heavily weighted stock in hong kong. have a look at my bloomberg chart. when you talk about the rally in hong kong, a few big stocks. , hsbc. what you are looking at, the top handle the stock prices in blue. the yellow is the 12 month consensus target for stocks if you take the average of the street, about 71. we are currently trading at 77 at the moment. in other words, the rally has blown past where the street thinks it should be in 12 months. do we get a correction back or do the earnings come through and support a lot of these analysts upgrading their view? the bottom panel showing the difference between the two, a fairly wide margin rig

it's a process that is weeks away softbank is up 20% year-to-date and up in early trading. back to you. >> thank you very much >>> the stocks to watch today, there is more, we know, it's a really big week for earnings, and at darko petroleum a wider than reported loss it's cutting its capital spending because of lower oil prices it's a first major u.s. oil producer to do so. the revenue missed the revenue is also forecasting fourth quarter results below analyst estimates. shares are down almost 10% and swiss transportation reporting second quarter profits that beat wall street's forecast still, shares are indicated higher by 2% early this morning. >>> more stocks to watch the chip maker is issuing positive guidance. it's up about 2.8% akzo nobel cites weak demand and high costs for raw materials akzo says its chairman will resign at the end of his terminix april it's down nearly a percent facebook will crack down on users that share prioritied votes without permission sorts three announced the deal on its website, and it's not been disclosed, but reports say it's raised jus

emily: we talked about expanding into tokyo -- why is softbank interested?bank has a lot of money. they raised the $93 billion fund. it has done that with saudi arabia. that is a lot of money to put to work. i think that is why they have taken a large stake with wework which is why it is expanding in tokyo. they expect up to 20 new office spaces in tokyo alone. emily: olivia zaleski, thank you so much. david kirkpatrick of techonomy, great to have you. that does it for this edition of "bloomberg technology." we are live streaming on twitter. that is all for now. this is bloomberg. ♪ whoooo. i enjoy the fresher things in life. fresh towels. fresh soaps. and of course, tripadvisor's freshest, lowest prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantly compare prices from over 200 booking sites... ...to find you the lowest price... ...on the hotel you want. go on, try something fresh. tripadvisor. the latest reviews. the lowest prices. ♪ >> from our studios in new york rose."his is "charlie william: good evening. charli

we spoke in an exclusive interview from softbank about softbank in the future of farming. >> what we'redo is build out a global farm network. we are launching the global farm solve for be able to getting people the best food that's available. and to do that all over the planet, make it available everywhere, for everyone, and everyone's budget. solvethat is the process we are looking to kick off with this investment. emily: that is a pretty big goal, you want a vertical farm outside of every metropolitan city around the globe. what is your plan to scale and get their? this is something many indoor farms have tried to do but have not exceeded -- succeeded in. >> what we have worked for years to do, to get to the point where we can fit this into everyone's budget. there's -- they have accomplished it, they can scale. we have maxed out the ability to meet demand on the planet. supply for apping number of years. we are growing plenty of calories on this planet but not necessarily enough nutrients. >> why is plenty able to get those prices down so low? we see to produce coming out of these fa

emily: we talked about expanding into tokyo -- why is softbank interested?bly because softbank has a lot of money. it has raised a $93 billion fund. it has done that with saudi arabia. that is a lot of money to put to work. i think that is why they have taken a large stake with wework which is expanding in tokyo. they plan to have up to 20 new office spaces in tokyo alone. emily: olivia zaleski, thank you so much. david kirkpatrick of techonomy, great to have you. that does it for this edition of "bloomberg technology." we are live streaming on twitter. that is all for now. this is bloomberg. ♪ >> the following is the paid program. opini and it is expressedons not reflect those of bloomberg lp, its affiliates or its employees. >> the following program is a paid advertisement for the hd mirror cam by inventel products llc. announcer: yep, they're out there, driving recklessly, causing accidents and driving up your insurance rates. this is a show about car accidents. classic cars, and the hd mirror cam, the personal security camera for your car. this is accide

so now he is coming back with his softbank.obbies become of the end game at some point is to put charter and spread together simply because sprint is by further weakness of the four wireless companies, and either a strategic position in a buried difficult financial -- position in a very difficult financial position. vonnie: all of this leaves viacom and t-mobile out in the cold. paul sweeney, thank you. he is a senior media analyst for bloomberg intelligence. let's check in with bloomberg first word news. emma: president trump says retired marine general john kelly will do a fantastic job as white house chief of staff. the former home of security secretary was sworn in earlier today. kelly replaces reince priebus. he will have one thing that he never did, the backing of the president's daughter ivanka and her husband jared kushner. to reduce staff as diplomatic missions in russia by almost two thirds. that is 755 people. it is in response to the sanctions imposed by congress. president vladimir putin says he's up there is no fu

we have seen cash go towards improbable coming from softbank.l ambition for companies. we are very focused on europe and selectively invest in the u.s. we definitely are very attached to our european roots. it was interesting the numbers mentioned earlier with london growing most of the capital in the first half of the year. there were two big transactions that kind of change those, skewed those numbers. improbable and -- with $400 million. you take those two out of the equation and the numbers look a bit more balance. in the past, what we are seeing is that london has a bigger share of those companies that could attract global capital from softbank from japan, from the case of far-fetched for those companies will become the big champion of tomorrow. well will they be based? in london, in berlin, in paris? or barcelona? caroline: let's talk about paris. interestingly, of course, i look at the next two years of uncertainty facing the united kingdom. meanwhile, you suddenly have leaders, like macron and justin trudeau in canada. there has become a

a new hire for softbank. ronan, a top executive at goldman sachs is leaving the firm to join the $100 billion softbank business fund. he has worked on many large tech deals in recent years, including the push for majority control of sprint in 2015. he has been involved in putting together vision fund earlier in the year. coming up, amazon calls prime day record-breaking. we break down the history around the 30 hour shopping event next. all episodes of "bloomberg technology" are streaming on twitter. check us out at bloomberg tech -- p.m. p.m. weekday weekdays in new york. this is bloomberg. ♪ ♪ emily: welcome back to the best of bloomberg technology. i am emily chang. amazon's third annual prime day ended up being its biggest global shopping event, surpassing sales on black friday and cyber monday. the event grew by more than 60% over the last year, generating about $1 billion in revenue. the 30-hour event saw more new members joining prime than any other day. we took a look at the history of prime day, and h

haidi: the softbank boss finds he has green fingers. 200vision fund is leading a million dollar investment a company that has perfected the growing of crops indoors. it is his first array into agricultural and has the potential to boost food production around cities and can improve equals quality of life. rishaad: spotify being sued over by frankiectices valley and the four seasons owners of rights. capital over the years without ensuring copyright holders are paid appropriately. pay are saying they should $375 million for the enduring infringement. haidi: let's get back to those jobs numbers out of australia a few minutes ago, the implications for monetary policy direction with a strategist at nomura australia. always the fund data released today from australia. the headlines pretty normal. the full-time jobs number jumping by 62,000, unemployment falling by 48,000. what is all of that about given how technology is restructuring the nature of jobs growth? had three months of solid numbers, and to boot, solid full-time within that. it is difficult to square with all the other data. the eco

a deep dive into the investment of softbank's vision fund when squawk continues ntil 65.good time to get the ball rolling. medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help save you in out-of-pocket medical costs. taking informed steps really makes a difference later. that's what it means to go long™. call now and request this free decision guide and explore the range of aarp medicare supplement plans. all plans like these let you choose any doctor or hospital that accepts medicare patients. these are the only medicare supplement insurance plans endorsed by aarp. call now and request your free decision guide... and start gathering the information you need to help you go long™. for years, centurylink has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business

back in december he's holding up a sign here that says, softbank and foxconn commit to investing $7 in the u.s generating 50,000 u.s. jobs over the next four years. we remember this video pretty well of course, this was before the inauguration when visitors to trump tower were almost a daily phenomenon but we're beginning to see, john, sort of how some of that money is coming to market. >> yes, these are important moments. it will be important to dig into the numbers, though, because there's talk between $1 billion and $3 billion worth of incentives local and federal going into this. "the milwaukee journal sentinel" reporting some of those numbers. that would be an extraordinary amount in terms of tax breaks. so we'll have to really look into this and see what the communities end up getting out of it, having to put in, in order to get the jobs. >> still, i would say it's a big win for president trump. it's a big win for governor walker a big win for house speaker paul ryan, who is also -- >> it's a big win for sure. >> and the american people and the jobs, of course. this is what pr

softbank is planning to make a direct office of charter communications after the company rebuffed itssal with sprint. plans toese company make the offer this week although the plan is not complete and could change. sprint is scheduled to report quarterly results tomorrow. hong kong billionaire has agreed assets for six like 1.9 billion u.s. dollars. it serves corporate customers and residents. hutchison telecom indication hong kong holding shares surge the most in six years. that is your bloomberg business flash. manus. manus: a split has emerged within theresa may's cabinet over the government's post-brexit plans. philip hammond claims a consensus was formed around a three-year transition phase and that has been criticized by the trade secretary, liam fox. economic optimism among u.k. companies has fallen 70% in july, the lowest level in six months according to the barometer. our guest.g in slightly,ing ever so but it is this gordon's of politics that since into fx. thatscordance of all text slips into fx. politics is a difficult thing to trade. david bloom last week said i am not tr

softbank is leading a 2$250 million funding round in startup slack. that brings slack's valuation to about $5 billion softbank has taken a 5% stake in ro roomba maker irobot and considering an investment in uber softbank bought alphabet's ro t robotic's division boston dynamic in june. they have some robots that look like animals that are really moving >> they're cool. >> life-like >> life-like is the word >> let's take a closer look at the markets after hitting the record lie thigh trifecta. joining us is knnoah black steen and j.j. kinnahan. i look at him and i see the vix. that's what we always talk about with you, joe. it hit an all-time low again does it still matter is it telling us something do we start to value the information we're getting from it less? >> i think, joe, it's working theoretically as it's supposed to >> okay. >> everything i always learned about options is when the market goes higher, theoretically slol untility should go lower because there's less fear. when we go down, fear comes back into the market. what's different this t

includingholders benchmark said to have discussed selling stock to softbank.presents a major turning point. amassed 500 backers in the world's largest start up. the troubles this year have taken a toll. >> toshiba has agreed to hold off on disposal of its flash memory chip unit. the sale is being contested by western digital. raise cash toto offset multi-billion-dollar at its westinghouse nuclear arm. western digital is concerned the chip tech knowledge he will in-depth in the hand of competitors. amazon expansion plans, including a $13 billion for whole foods, raising questions in washington and wall street is washing. there are calls for the acquisition to consider implications. one investor has gone shortselling antitrust concerns will erode its value. banks in the spotlight to kickoff the week on wall street three of the biggest lenders posted earnings friday. j.p. morgan reported that drop in trading revenue, but also might earnings, so you call it a mixed picture come although financials were the worst performer on friday. >> mainly because of j.p. morga

and grab is raising up to two billion dollars in funding from japanese investment firm softbank. in chinese ride healing company in tv. brad is uber's biggest rival in southeast asia the wall street journal reporting that the deal could close within weeks and value the company at over five billion dollars. grab operates in fifty five cities across seven countries it's also expanding into credits. and electronic money transferring services 07/14/17 07/14/17 [captioning made possible by democracy now!] amy: from pacifica, , this is democracy now! seeing, the we are new republican trumpcare bill is every bit as mean as the old one. amy: a revised republican plan to repeal and replace the affordable care act would gut medicaid, give massive tax cuts to the wealthiest americans, and defund planned parenthood -- making it harder for women to access breast cancer screenings and basic reproductive services. we'll get response from jessica

softbank, their vision fund was the change inort transportation and communication in the future.ding is coming from these two companies that already have a history with grab. the largestll be single financing in the history of southeast asia, and we do know that the previous fundraising round already raised september,lion in also grab, so what are they doing with the money? >> they want to expand in different regions. hailing is aide proxy war for the payments companies owned by tencent and see alibabayou potentially we reported earlier that they wanted to invest in grab as well. that is not confirmed yet, but the company said there is an additional $500 million on top of the $2 billion coming in. we don't know who that is, but there is a proxy work for payments still ongoing them a so we could see these companies expanding in those areas as well. could it looks like grab be the clear winner. they are ready take 95% of market share when it comes to ride hailing, so could we say that game is over for the other apps. >> that's what they are telling us. we are still seeing them batt

there is alibaba and softbank backed atm's, but the war has only just begun.ent stephen engle says at the moment, profitability come second to market share. >> were going to that maturity where you have ecosystems, and i think how is shaping up is, one alibaba andlongs to another ecosystem belongs to amazon, including payment and content and so on. >> how are you going to win? brady investments going to keep throwing money at it? amazon, $5 billion and counting. when or how does it end? >> the picture here is if you're planning to win by throwing more they, there is no into money in the tech wars we're talking about. is going to be who has more customers and connections. it's gone beyond throwing money. toowing money was a trick make a large sum of money. >> what is your priority right now? >> a large number of users. it's a large number of users and inactions. >> how far down the road is it? >> 2020, nothing before that. overheating is an outcome of overpaying. for $3.1ube was ought billion, it was overheating. when instagram grandma spot for $1 billion, it w

after soft bank teamed up to invest $2 billion into sing more ride sharing company grab shares of softbankr about .75% on today's wall street agenda, the earnings reports are starting to come fast and furious. 3m, ka the pillary, eli lily, general motors, mcdonald's, united technologies are all out before the opening bell today. after the close, we'll hear from amgen, texas instruments, chipolte and u.s. steel. there's a pair of economic reports this morning the s&p kay shiler home price index and july consumer confidence plus, the fed, of course, begins a two-day policy meeting the decision is due tomorrow at 2:00 eastern time. >> there's earnings per share from continuing 7. adjusted earnings per share is $1.38. that is 9 cents above the estimate of $1.29. dupont second quarter sales $7.4 billion. that's above the $7.292 billion that was expected. still expecting a close. the merger with dow chemical by august the stock is basically not doing much on this news. >> i think this means something. we'll see whether kayla thinks it means something john mccain returning to work today just in t

sources say softbank has built a near 5% stake in the roomba maker irobot.of $2.4 billion. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm paul allen. this is bloomberg. ♪ yvonne: had to see how the asian markets are shaping up so far on this morning. let's get to the latest with sophie kamaruddin. sophie: a busy wednesday when it comes to what could drive sentiment. we do have a asian stocks set to snap a two-day drop. the nikkei 225 of about -- nikkei 225 about -- nikkei 225 2/10 of a percent. given that the dollars funding support from that rise in treasury yields, that is putting some pressure on asian currencies like the one that's like the yuan and the yen -- like the yuan and the yen. we have all the 30 year yield rising about eight basis points we have -- we have aussie 30 year yields rising about eight basis points. checking in on the dollar-yen rising for a second day ahead of the fed, that case of gains for this currency may accelerate if it breaks through the 200 day moving average of

this was set up by softbank. money flow into the u.k. france sees two big funds this week.up to one billion euros now. mark: you did it in 35 seconds here it you are a real pro. the european closes next. it this is bloomberg. ♪ whoooo. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if there was a single site where you could find the right hotel for you at the best price? there is. because tripadvisor now compares prices from over 200 booking sites... ...to save you up to 30%... ...on the hotel you want. trust this bird's words. tripadvisor. the latest reviews. the lowest prices. mark: it is 11:00 in new york. we have 30 minutes left in the trading day in london. vonnie: this is the european close on bloomberg markets. mark: these the top stories we are covering around the world. european markets are starting on a high note. food markets are leading shares higher. we will look at what she name may be the best value play in the second half of the year. minister is a bolstering her case for breck is a -- brexit. jere

the $93 billion softbank vision fund have backers like apple, qualcomm, andy -- and saudi arabian wealth fund. facebook might be the next target for european regulators. what is next as the eu continues to put on the pressure? we are live streaming on twitter. check us out weekdays at 5:00 p.m. in new york. this is bloomberg. ♪ caroline: the parent of google says a european commission antitrust fine will cut second-quarter profit by 2.7 billion dollars. it will charge of the full omar -- i'm out net income. they were fined last week for using their market dominance and shopping results. facebook could be the next target for european antitrust why stocks. examiningoffices whether facebook takes advantage of its popularity by pushing users into agreeing to terms and conditions they might not understand. york,g us for you new james and eileen, they cover facebook. others at their point of view. alastair, let's pick up things with you. has germany looking into them saying they are more bullying when it comes to certain things. alastair: this takes the google charts to a whole new territory i

we are keeping an ion softbank in tokyo. they have rejected a takeover offer.g off of their earnings season this week. ryohin company among them. trading getsas underway in australia, japan, and korea moments from now. this is bloomberg. ♪ >> ladies in german, please welcome members of the band and tony award-winning performer brian stokes mitchell. [applause] >> ♪ o beautiful for spacious skies .or amber waves of grain fo

a new hire for softbank. join leaving the firm to the $100 billion fund.ge teched on many deals in recent years, including the push for control of sprint. he has been involved in putting together vision fund earlier in the year. calls primemazon day record-breaking. we will show you the history around the 30 hour shopping event next. all episodes are streaming on twitter. at 5:00 int weekdays new york. this is bloomberg. ♪ whoooo. i enjoy the fresher things in life. fresh towels. fresh soaps. and of course, tripadvisor's freshest, lowest prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantly compare prices from over 200 booking sites... ...to find you the lowest price... ...on the hotel you want. go on, try something fresh. tripadvisor. the latest reviews. the lowest prices. ♪ emily: welcome back to the best of bloomberg technology. amazon's third annual prime day was its biggest global shopping event, surpassing sales on black friday and cyber monday. figure by 60% in the last year, generating about $1 billion in re

softbank is a big guy.stion is, a big deal in the u.k., the question is will they go for something really big in the u.s. calledhe u.k. has been the dinner table of the world for m&a. this year we saw european m&a is up about more than a third while u.k. deals are down. is this the new normal? william: i have not heard the u.k. called above they for m&a for m&a- a buffet before. it remains the largest m&a market for europe. contrasted with the rest of europe, volumes are down since the brexit vote. upay, m&a volumes in europe 18%. down that by percent in the u.k. that is really all about brexit. ruth: chinese firms, there seems to be more scrutiny on firms within china and globally. is that something banks like yourself have done a lot of deals with them and are reviewing that more closely? do you see chinese firms cutting back on deals or selling assets they have acquired? william: lots to talk about their. last year we saw a big update in chinese outbound m&a across a range of sectors. the big syngenta tr

sprint parent soft bank charter rejecting that deal saying we understand why a deal is attractive for softbankt charter has no interest in acquiring sprint the ball is now in the court of the sprint chairman. "the wall street journal" reports while charter's announcement could effectively kill the possibility of a deal between the two companies, that might not stop him from making a formal offer anyway. recently started reversing years of subscriber losses, yet to turn a profit. stock up about 3% so far this year take a look at what they're doing this morning shares of sprint above 6% in early trading. back to you. >> it is so interesting. we haven't even talked about the idea that sprint and t-mobile may be an option to merge together, and everyone it seems chasing at&t with regard to what's happening at&t has the directv, with time warner, content side of things, you wonder why everyone is chasing that kind of model talk of whether or not comcast might be -- >> another player. consolidation is clearly a big theme. >>> we have more stocks on the radar, hsbc. take a look. second quarter profit

his softbank patient fund is leading a $200 million -- vision fund is leading a $200 million investmentvalley company. they claim to have a super efficient method of growing indoor crops. other participants include investment funds from eric schmidt and jeff bezos. coming up, more highlights from the fortune brainstorm tech conference in aspen. instagram's coo joins us to talk about the current app strategy and the success of the feature. you can check us out on the radio. you can listen on bloomberg.com and the bloomberg radio app and in the u.s. on sirius xm. this is bloomberg. ♪ ♪ emily: amazon wants you spending. so much so, they launched amazon spark. amazon users are able to post stories, ideas and images of popular products. the goal is to have product inspiration translated purchases with a click of a button. amazon spark is currently only available on the company's mobile app. meantime, instagram, one mobile platform that has been dominating the digital ad space. we spoke with marne levine. we spoke about how they are reaching their 700 million users. in five mobile minutes is

today, we got a bull market thanks to the chatter about softbank buying charter. we got money being poured into drugs. we got cash flowing to texas instruments, intel, microsoft and qualcomm after a total annihilation, we have money rushing towards retail stocks since amazon's quarter. the subtle reasoning here? what do i get when i ask questions? amazon failed to wipe out the brick and mortar competition like that was supposed to happen and some are questioning whether amazon has the firepower to pressure the group more than it has, and that's why walmart stock could be closing in from its yearly high and costco is breaking out home depot stock seems to be on the rebound. the suppliers and the nikes, they broke out a long time ago what else makes he sanguine despite these big-picture worries? i think we underestimate the power of some of the people who run some of these countries. i need you to go on the boeing conference call. you'll be flabbergasted to hear analysts point blank ask if the fabulous results were real and spectacular. it was almost like a seinfeld

includingholders benchmark have discussed selling stock to softbank.ks represent a major turning point. uber has amassed 500 investors in the world's most bible start up, and the fact some backers want to reduce their stake suggest scandals and other troubles are starting to take a toll. let's get back to our top story, china's economic growth in the second quarter is expected to hold steady, but our next guest sees a slower gdp reading due to slowing housing transactions. he joins us now from beijing. btv 183,op this chart, it goes to the recovery we have seen when it comes to smaller cities. third tier cities seeing that uptick in yellow when we have seen the slowdown in first tear and second-tier cities. do think we have passed a peak when it comes to that housing market, and is it likely to be a harder landing than anticipated. market,pect the housing the marginal effects, especially through first to tear, second-tier to the lower tiers, something people have not been talking about. haveans local government fromying idle permits third tier cities,

it would dilute the state currently held by softbank.il next year to find out whether the u.k. government will allow his 21st century fox to buy the rest of sky. karen brady does not plan on pushing the deal to parliament ahead of its recess next week. it would not be able to start until september. that is your business flash update. scarlet: let's head to san francisco on more reaction to the sprint news we just reported and a wrapup of the biggest tech headlines as of late from snap to uber. >> technology that covers uber companies, they try to get john malone to them best -- invest $22 billion. >> it has not been at the top of the list of his best investments. this is a company losing money. it slips to fourth place in the rankings of u.s. wireless companies behind t-mobile. verizon, at&t, and t-mobile ahead of it. it has just not gone well. he's been looking for a partner, looking for a way to work on sprint and make it a better investment. t-mobile is often mentioned. we see shares up on this news. this is a way of infusing capital