softbank got in essentially below the ipo price. is the testament to the optimism of masayoshi son. he sees great opportunities in this growing area of the tech sector, and just looking forward to trying to replicate the second fund. with wework alone, we have seen the valuation change in subsequent rounds of funding as softbank alone is the only new investor. they see opportunities to reinvest and companies even if they are not being followed i other investors willing to write the same size checks. emily: we will keep following. ellen huet, thank you so much for that report. that does it for this edition of bloomberg technology. we are livestreaming on twitter. find us there. follow our global breaking news network, tictoc, on twitter. this is bloomberg. ♪ i don't know why i didn't get screened a long time ago. i kept putting it off... what was i thinking? ok, mr. jones... we're all done. i told you it was easy. with life line screening, getting screened for unknown health conditions is so quick, painless and affordable, you'll won

displaced in the region and now it wants to grow further one market wants to expand as indonesia and softbank the world's biggest investor and high tech is back in grabs ambitions. second head. in the nation and become a 5th unicon and also. invest. but then on top of that we will invest more into the ice and. this will be music to the years of indonesian president djoko we doto with 260000000 inhabitants indonesia is the biggest economy in southeast asia on it has strong potential for expansion softbank recognizes opportunities there. who will study but they'll put in it but we're definitely interested in and be cool about that he's. charging system. to $2000000000.00 for grab may just be the beginning just last week soft bank announced a $108000000000.00 investment fund focusing on artificial intelligence. let's go live to andrea hang our financial correspondent in singapore andrea what's in it for grabs and softbank well on the surface been it looks like greg just wants to penetrate and already a market that's already dominated by gold which is the local rival in indonesia grab is already

let's look at softbank in japan. big announcement this morning.ch the second huge investment vehicle, vision fund 2. a line of big-name backers including my -- apple and microsoft. rishaad: tim? who needs creativity when you have $108 billion in the bank? this has got to be a fun fund for them to deploy, but i think what will happen is they won't be about to repeat the same tricks as the first vision fund is $100 billion. they will have to go a bit further afield and more ly diverse on this one and that will be the major tenant of the new fund. they aret feels like trying something different when it comes to taking back control, with softbank committing $38 billion in capital. of theseleft out big-name investors it seems was the saudis. was this a conscious effort or coincident? tim: a bit of both. saudis are not there -- doesn't look like they are there. key point apart from that is $38 billion is coming from softbank group itself, but there doesn't seem to be a major cornerstone investor like there was with the first fund where you had two or th

go live to andrea hang our financial correspondent in singapore andrea what's in it for grabs and softbank well on the surface been it looks like greg just wants to penetrate and already a market that's already dominated by gold which is the local rival in indonesia grab is already present in 8 countries in the region and that's compared to 2 in indonesia alone greg will be able to increase from this deal it's presence from 224 cities up to 30338 cities excuse me so this deal is going to go beyond just expanding offering it's right heating services it's actually going to go beyond that to expand indonesia's transport infrastructure as well as the digital economy with the largest southeast asian economy in its hand so it obviously has a lot on its plate grab and it sounds like it's going up quite a few competitors along the way it could become quite a monopoly this ride hailing landscape in southeast asia from what i'm here. yes exactly this is the 2nd headquarters for grette isn't just to expand and extend its right healing services and great insight in the region and especially in singapo

david: softbank is your biggest single investor.hey went in at a valuation above or right where you are? dara: below. softbank got a decent deal. i think it will get more decent with time. david: when was the company first started? who actually started the company? dara: the company was started about nine years ago by garrett camp who is an entrepreneur and still on the board. he is an unbelievably smart guy. he brought on travis kalanick our former ceo and one of the , founders as well. garrett and travis and ryan really teamed up to build this thing. david: many of the people there at the beginning own a lot of stock. a lot of people in the company own more stock than you do. you are the ceo. do you think you are underpaid? because you are taking it public and you do not own as much as some people working for you. is that a problem for you? dara: i would never claim i am underpaid. [laughter] david: did you tell barry diller you are interviewing for this? dara: i did very early. the press was all over the place. david: you don't t

softbank has a much bigger piece of the pie.o have to try a little harder to find good investments this time around. emily: we didn't talk about it much, but apple, microsoft being in the first fund? sarah: microsoft was not. emily: apple was. talk about the strategy of some of these tech giants, letting softbank place some fund bets. sarah: there was so much skepticism around the first fund. $100 billion seemed impossible. for their first press release for that fund, they said we will deploy this cash over five years. it has only been three years and they are raising even more. in a way, that has been successful far more than anyone thought possible at the time. emily: you did one of the last big interviews with masayoshi son. sarah: yes. emily: he told you he thought it would last a while. sarah: he is such a big thinker. he was talking about how they would have a successive set of these funds. they would all be around $100 billion. he wanted to have a steady stream of cash to invest over time. emily: where are they going to p

it was developed by softbank group. car hire intting on china.cting into didi to help companies provide services like carmen to -- rental and maintenance per they will bankroll didi's expansion plans. shery: the u.s. dismisses north latest launches as a negotiating tactic we will hear from mike pompeo next. this is bloomberg. ♪ is bloomberg. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. reporter: this is daybreak asia. i am jessica summers. the european central bank has sent its strongest signal yet that stimulus will be stepped up with lower interest rates and renewed act access -- far from the goal and recession clouds are gathering for the new

softbank launched its first fund in may 2012, an attempt by early and a founder to try and transformtment powerhouse. there are essentially the largest private full of money ever raised and a lot of that money was channelled into next—generation firms like buber, china's version of it — metabolic. —— uber. now let's brief you on some other business stories. shares of google parent company alphabet surged 9% in after hours trade on better than expected second—quarter results. revenue for the three months tojune jumped 19% to $38.9 billion, driven by gains in sales of mobile ads, youtube ads and cloud computing services. starbucks has served up the best quarterly sales growth in three years — sending its shares towards a new record high. the world's top coffee chain has been attracting more customers by revamping its menus and expanding the delivery side of the business. the french fashion house sonia rykiel, which symbolised the spirit of parisian 1960s rebellion, has gone into liquidation. the business will be wound up after the search for a buyer failed. the brands late founder beca

mazda and in softbank. softbank is your biggest single investor.hey went in above or right where you are? below. they got a decent deal. david: when was the company first started? started ninefirst years ago by garrett camp who is an entrepreneur and still on the board. guy. an unbelievably smart he brought in travis. teamed and travis really up to build this thing. david: many of the people there at the beginning own a lot of stock. a lot of people in more stock than you do. do you think you are underpaid? you are taking it public and you do not own as much as some people working for you. dara: i would never claim i am underpaid. tell gary barrett you are interviewing for this? dara: i did very early. i have him to think for pretty much everything in my professional career. i could not bear the possibility of just hearing about this from some news report. he was the first person i called. ♪ david: you grew up not in the u.s.. dara: i was born in iran. i left in 1978. i was nine years old. this was when the iranian revolution happened. my family wa

softbank will invest $38 billion itself.his is part of masayoshi son's bid to extend his reign as the most influential investor in the industry. matt: thank you very much. let's get the latest on brexit and the challenge facing the new u.k. prime minister. according to his office, boris johnson told commission president jean-claude juncker the withdrawal agreement would have to change to pass british parliament, which is clear. will reject any request to do so, saying what he offered is the best end on the deal possible. of northernenboom trust management is still with us. wouter, what do you think about british assets, in light of what we already knew, that this deal won't change from the e.u. side? wouter: i think caution is warranted. we look at u.k. assets. we think there are cheap. we think there is value there. but with this hanging over them, you want to be cautious. we are remaining neutral in all of the asset classes, standing on the sidelines to see how this plays out. we see here a battle being fought between the

. ♪ >> softbank has announced it is launching a second vision fund, this time worth $108 billion.w it will be named sensibly, vision fund 2, we know softbank will contribute $38 billion. quite a bit more than what they put in originally. it is in line with what we have are hearing, that they looking to take a much more active role in controlling stake in the fund. so far only softbank has committed the money that there's a list of companies that have signed a memorandum of understanding and it is all new names. apple and foxconn have signed up for the second fund although we don't know how much they contributed. the deal andled launched a whole vehicle will about two years ago, so it would be interesting to see if they will come back for more. ♪ ♪ designed for the tech startup got off to a positive start on monday, might be downplaying it a little bit, if you take a look at that performance. on their first day, all 25 stocks rose on their debut, some seeing double digit if not triple digit, when it comes to that stock price. we put it all on the terminal for you. >> there are abou

ricky numbers from softbank, they -- breaking numbers from softbank. a will buy back shares. the futures and general market. we have had three days of gains. the s&p 500 talked 3000. it closed above it, and that seemed on optimism around the fact that bloomberg is reporting the u.s. and china will have one-to-face trade talks monday. a mixed picture in terms of futures, flat. bonds.ook at the 10 year yield higher yesterday. we are steady today, not much movement. let's get to another top corporate story. itv. to discuss the numbers, dame is with usia mccall, now. to run through the numbers, total advertising in a range of +1% in the third quarter. you had better than expected total advertising revenue. total revenue down 5%. you did see it down 6%. a little bit of an improvement. let me ask about the risks around brexit, and how that is impacting revenue. is it stabilizing? carolyn: i think it has been a challenge for three years. the advertising market for broadcasters went down in 2016 and has not come back. it has been down every year since 2016. and the prolonged uncertai

shery: softbank has announced it is launching a second vision fund, this time worth $108 billion. we know about this second vision fund? >> first, we know it will be named, very sensibly, vision fund 2. we know softbank will contribute $38 billion, which is quite a bit more than what they put in their original fund of $28 billion. it is in line with what we have been hearing, that they are looking to take a much more active role and a much more controlling stake in the fund. so far, only softbank has committed the money, but there's a list of companies that have signed a memorandum of understanding, and it is pretty much all new names. we know that apple and foxconn have signed up for the second fund, although we don't know how much they contributed. these are two original investors from the first fund that sealed the deal and launched a whole vehicle will about two years ago, so it will be very interesting to see if they will come back for more. ♪ juliette: the stock venue designed for those tech startups got off to a positive start on monday. i might actually be downplaying it a

softbank also plans to help 6rab build a second headquarters in the indonesian capital.nair says its profit in the first quarter of the year fell by 21% despite an 11% rise in sales. earlier, the airline warned fares would fall in its key summer season this year — blamed on overcapacity in germany and concerns over brexit in the uk john strickland joins us, he's from jls consulting. what do you make of these figures? the figures did not surprise the market, the airline has been guiding that profitability would be done, they've been hit on revenues aside, shares are down as a function of market capacity, rya nair leading shares are down as a function of market capacity, ryanair leading the way in opting put on pressure price downwards, on the other side you will costs are up but internally staff costs, ryanair paying more to recruit and retain pilots in particular. john, good to talk to you. short and sweet, john strickland with the latest on ryanair. let me show you what's happening on the numbers. shares injapan lower in the first session of the new week. some caution a

klook has invested in goldman sachs, softbank, and says it aims to attract more users in the united statesmaintaining growth in asia. eric gnock fah, the cofounder and coo, spoke with "bloomberg daybreak: asia" in hong kong. eric: we have seen some impact from the long-haul travel. the good thing for a travel company for having a global network is we see travelers shifting their behavior. for example, china, we are seeing them go into southeast asia, especially thailand a lot more. the korea and japan shift, it is becoming more popular. the good thing is we see them moving towards the southeast asia region. for hong kong, we have not seen much of an impact. i think it has been well received in southeast asia and broadly. we're seeing travelers are still coming. shery: that is really interesting. are you seeing any decrease or impact in the number of travelers, if not the flow itself? eric: not exactly. i think travelers are still very keen to go out and explore. partly because asia is still an emerging market. southeast asia is still really scratching the surface when it comes to outbound

in the region and now it wants to grow for other one market it wants to expand as indonesia and softbank the world's biggest investor and high tech is back in grabs ambitions. in the. 5th.

media reports the 2 companies america's 3rd and 4th largest mobile phone networks shares in japan softbank which owns sprint rose on the news. mis on says it plans to slash more than $12000.00 jobs over 3 years this 110th of its global workforce is with sales hit by scandal surrounding its former chairman colleague own japanese carmaker says it will also cut production by 10 percent. tesla has again pushed back to the end of this year. its target for reaching profitability in all must company reported as 2nd quarter loss of $408000000.00 that was worse than expected but an improvement on the previous quarters loss of $700000000.00. is a heat record here in germany and no rain is in sight that's a problem for many farmers it's another year of struggling with droughts throughout germany farmers are expecting a bad grain harvest the eastern state of book the situation is especially. it's hot and dry here in eastern brandenburg and it has been for weeks the farmers don't know harvesting as fast as they can before their crops are ruined they've been at it for more than 12 hours. on we have to s

then we also brought in softbank as a financial partner.ly: bloomberg's david dara.tein with uber's ceo you can catch the full conversation tonight and tomorrow. coming up, facebook has ambitious plans to improve diversity but are they realistic? facebook's global chief officer tells us how the company is planning to boost the numbers, next. this is bloomberg. ♪ set bigacebook has goals to boost work first-ever city in its annual diversey report. the company announced plans to double the number of people employees globally over the next five years, as well as the number of black and hispanic employees in the united states. the company says it wants half of its u.s. work force to be from underrepresented groups by 2024. i sat down with facebook's global chief diversity officer, maxine williams, and asked why they are setting these goals now. maxine: there has been research done by very credible institutions to say that having goals is one of the reasons it drives change. in conjunction with ford foundation has done a lot of work on why peopl

softbank working with goldman sachs and cantor fitzgerald to raise money and support. are the top global tech stories we are watching. shery: more trouble for big tex. as we told you earlier, the u.s. justice department is investigating whether technology giants such as facebook, amazon, alphabet are harming competition. techtening the scrutiny on companies in washington. ben covers the tech lobby in washington. how was this a change from how washington has been approaching tech antitrust so far? ben: there have been a series of probes big tech is already facing. the federal trade commission, which has some antitrust authority, is also doing its own broad task force. there is that but also doj and ftc have split up specific company probes. doj is looking at google and apple. ftc is looking at facebook and amazon. you are showing footage now from the house antitrust probe. the companies faced those. what is most interesting here and what it means for facebook and amazon. they thought they were under the authority of the ftc. it is a question for them, are they facing a

. >>> mega bucks softbank is launching a new 1$18 billion fund wait until you hear the target investmente's a hint, it's super intelligent. >>> plus it's the song everyone is talking about still and no one can get it out of their heads. and this morning there's a new mix of old town road that's taking the world by storm. it's friday july 26, 2019. you're watching "worldwide exchange" on cnbc. ♪ >> welcome back. thanks for being with us on cnbc i'm dominic chu in for brian sullivan let's check the other top headlines outside the world of business frances rivera is live in new york with the latest good morning happy friday >> happy friday to you a lot of lingering questions this morning after a massive arrest at a u.s. military base 16 marines were taken into custody after a sweep at camp pendleton, they face charges related to drugs and human trafficking. the marine corps said an additional 8 marines were taken aside to be questioned in the alleged drug offenses. >>> a dangerous heat wave is burning up much of europe. unprecedented highs were recorded in france, the netherlands, germany a

watching softbank group, the shares up by about 2% in tokyo trade, and of course we saw the announcement and we are now hearing that softbank plans to invest in indonesia, $2 million according to moshe oc some. they are going to invest in some other countries, this on the back of that announcement of $108 billion second vision fund, there are not that many goobers left that softbank is already coming out of the gate expressing interest in some firms with 2 billion-dollar stakes in indonesia. coming up, we speak to the president of the american chamber of commerce hong kong is international businesses worry about the escalating violence and political deadlock in the city. we are joined in hong kong next. this is bloomberg. ♪ [laughter] [applause] ♪ have opened,rkets let's get to mumbai -- we are standing by to take us through what to expect, and how was the trade set up looking after three consecutive weeks of losses? subdued, the markets have been seeing a selloff over the last three weeks, and the broader markets have seen it for the last 45 weeks. we have the opening rates coming down,

according to softbank, the original vision fund, you saw in the companies.nvested with a lot of money at stake. why the second fund rallied so many people, a lot of interests, apple, microsoft, to be, those names just once again. the company says that, first fund pretty much got an annual return of 7% to its investors. paying out a lot. if you're wondering, neil, all our investors where the future lies, according to the ceo of softbank, it lies in artificial intelligence, more specifically predicting what all of us will do. that is what they plan to invest in. back to you. neil: wow. big job. but a lot of money behind it. kristina, thank you very, very much. >>> it is gabbard versus google, talking about the presidential candidate, tulsi gabbard, angry at google, that it slights her, omits her, makes it hard to find out what information around her campaign is doing. she is not alone. she is not the first candidate to have issues with the search engine. jared levy what is going on. whether that put the company at disadvantage, more likely getting scrutiny in

charles: softbank sent up a new fund for investing.k billion dollar vision fund ii includes backing from apple, foxconn, microsoft and whole bunch of others. the earlier version came under scrutiny for including saudi money particularly after the killing of journalist jamal khashoggi. the demand is strong. they are digging for tech opportunities. >>> materialism might be the best weapon against those calling for radical change in our government against capitalism. with mueller testifying, economy growing 2.1%, china trade talks starting t has been a busy week for president trump. that is not stopping him for demanding freedom for my son's favorite rapper. he is calling for it a asap. we'll have the latest next. with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? you kjust the determination to get there. perfect the craft

. >>> when we come back, we are just getting started, softbank's sun back on a spending spree this timeortedly investing 2 billion in one of southeast asia's hottest startups. >>> then, merger monday may be on tap, wall street getting ready to field deals >>> can anybody stop the house of mouse bob iger company on a box office roll, doing something no other box office studio has done before they call that news we have that coming up just ok? (in dutch) tell him we need this merger. (in dutch) it's happening..! just ok is not ok. especially when it comes to your network. at&t is america's best wireless network according to america's biggest test. now with 5g evolution. the first step to 5g. more for your thing. that's our thing. so, every day, we put our latest technology and unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyone else in the country. e-commerce deliveries to homes here, hello! starts with -hi!mple... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up

softbank as at in financial partner as well. shery: blue brings conversation with the uber ceo. kiwi stocks rally we2% following a saw on wall street after the fed chair powell's commentary. sydney futures down .1%. asx200 near record highs. coming up, we are speaking to fidelity international. this is bloomberg. ♪ is bloomberg. ♪ i don't know why i didn't get screened a long time ago. i kept putting it off... what was i thinking? ok, mr. jones... we're all done. i told you it was easy. with life line screening, getting screened for unknown health conditions is so quick, painless and affordable, you'll wonder why you hadn't done it before. so if you're over age 50, call now and schedule an appointment near you. for just $149- a savings of over 50%- you'll receive a package of five screenings that go beyond your doctor's annual check-up. ultrasound technology looks inside your arteries for plaque that builds up as you age and increases your risk of stroke and heart disease. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke. so call today and start wi

we also saw recently in the last few months wheremutual funds mag down what softbank had valued a $47uation. it's very interesting. the source i spoke to called this a bridge to profitability and it really echoed what we heard from the lyft and uber i-i ipos so it seems like wework wants to get closer before they go into that ipo >> the key question here is, does raising more debt shore up investor confidence? especially for a company that has not weathered, like many start-ups we've seen, that has not weathered an economic downturn >> absolutely. and i think our ipo reporter, leslie picker, was chatting about this too and mentioned, make it more attractive in ipo, if they're going to have more debt on the books. but yo but, you know, what i've heard is they're just changing their capital structure. they're a hugely capital intensive business they have some of the most expensive property around the world. so it will be an interesting one. we'll see when they get there, to that actual ipo i'm hearing the end of this year, perhaps the beginning of next year, but i think there are still

. >>> and laura and marcus, softbank raised another fund to spend on high-tech companies. $108 billion. now you may not know softbank and its leader mashiosi san but entrepreneurs in silicon valley do because he's a money man. is he bringing money in by the dump truck full into silicon valley. if you want to start a startup, now is a really good time because there's a lot of money out there. number two, if you're doing something like taking an uber, uber is taking a loss on every ride. he's funding uber, basically that's the guy who is paying your uber. >> to make up the difference to be successful. >> so much money. >> there you go. >>> take a look at this, p prehistoric discovery, harry sois durant say fifth year buyed on student at ucmerced. he was on a dig in north dakota when he and a fellows fossil hunter came across a triceratops skull. it was his first ever dig. >> we start digging alongside of that, when we started uncovering the horn and when we uncovered the horn we knew we had something special >> the skull is roughly 65 million years old. what a start to a career. >> i kno

sonali: jordache is one of the companies that have softbank involved. the valley? john: this is a question i get asked often. a lot of capital in some of the same things. softbank being one. i do not think it changes the way we think about things. someone who is an investor across all geographies, we can go to where the opportunity is. we do not have goals and targets by which it has to be a certain percentage by being certain. alix: what is your timeframe? how long are you invested in some kind of asset? john: we do not have fixed duration, which gives this advantages when talking to companies that are looking for capital. i would say we are also typically someone else's partner. we are a minority investor by nature. we are somewhat dependent on other people's time frames. if there is a situation where we can buyout an existing partner or keep the capital deployed, we'll re-underwrite. we try to have the same discipline traditional private end wehas, but at the keep investing. sonali: there is a headline that chinese investment in the u.s. dropped 90%.

softbank is we work past largest backer -- we work's largest backer.anning to cut 5000 more jobs around the world. 4800uld be on top of the dismissals announced in a turnaround plan in may. this would represent more than 7% of nissan's total work force. their operating profits fell to the lowest in a decade last year. nissan will reveal the plan when they announce quarterly results thursday. paul: new york-based jetblue says it is disappointed to learn it will receive fewer than half the airbus planes it was expecting this year. haveeries of the airplanes been hit by production issues. jetblue will only get six of the 13 aircraft it ordered. the delay is causing jetblue to adjust in the second half of the year and trim growth projections for 2020. let's take a quick check of how markets are trading right now. looking like this, gains 0.0 3%. the cost be is flat. is flat. -- the kospi australia is up. are seeing u.s. futures under a little bit of pressure, down 0.02%. would faceng stocks antitrust scrutiny. the s&p 500 closed at the highest level in mor

japanese tech firm softbank has unveiled a huge new investment fund, which plans to raise more than $100g—edge technologies including artificial intelligence. it says apple and microsoft have already pledged money to vision fund 2, as well as the topjapanese banks. shares of google parent company alphabet surged 9% in after—hours trade on better than expected second—quarter results. revenue for the three months to june jumped i9%, driven by gains in sales of mobile ads, youtube ads and cloud computing services. starbucks has served up the best quarterly sales growth in three years, sending its shares towards a new record high. the world's largest coffee chain has been attracting more customers by revamping its menus and expanding the delivery side of the business. in australia, the government has said it is planning to tighten regulation of the likes of facebook and google to address the harm, they say, that large digital platforms can have on businesses, on consumers, and on the media. yes, hywel griffith is in sydney and has been following the story. first of all, australia is the firs

softbank looking to launch a second tech fund on top of

wag got a $400 million investment from softbank. olivia mun' is defending the company.nother dog was allegedly killed while being walked by a wag worker. ♪ all right brad, once again i have revolutionized the songwriting process. oh, here we go. i know i can't play an instrument, but this... this is my forte. obviously, for auto insurance, we've got the wheel route. obviously. retirement, we're going with a long-term play. makes sense. pet insurance, wait, let me guess... flea flicker. yes! how'd you know? studying my playbook? yeah, actually. li president trump just tweeting on north korea it was great being with the chairman kim jong-un in north korea. he looked well, very healthy, and i look forward to seeing him again soon. no rush, but i am sure we'll ultimately get there. the next case, depending on where you live you may secure was new laws taking effect including even more taxes. californians watch out. >> this is not the news people want to hear right now. but i have got to start with the gas tax increases across the country. california is seeing its largest ga

softbank is unveiling a second huge vision fund for technology investment.conglomerate is hoping to raise $108 billion. investments are expected to include apple, microsoft, and foxconn. it is part of a strategy to extend their reign as the most influential investor. president trump lashing out at the prime minister of sweden over what he says is unfair treatment of an american rapper. rockysician known as asap is charged with assault over a fight in stockholm last month. over twitter, the president urged swedish officials to give the rapper his freedom, saying, "we do so much for sweden, but it didn't seem to work the other way around." i'm renita young. that's your bloomberg business flash. [laughter] david: that story just gets weirder and weirder. it is weird enough for the president of the united states to be tweeting about bail for a rapper in sweden. it turns out kanye west is behind the whole thing because he's a friend. he did it the first time, and then came back again, the president did. alix: maybe there's a really good answer, but what have we d