softbank group shares are surging as much as 7% in tokyo.of a thumbs up to the investment prowess. to such an extent that one of the big challenges for the firm going forward is who shall replace their current head. he has assured investors that he will set up a clear succession plan over the next gate. —— decade. all this week, we're looking at the entrepreneurs and businesses that have been transformed by instagram. today, we'll look at the way the social media app has transformed the billion—dollar global beauty industry, which is expected to grow from $433 billion today to $750 billion by 202a. but increasingly it's not traditional department store brands like estee lauder and lancome that are capitalizing on this growing market, but disruptors who have launched on social media, like rihanna's fenty beauty, kylie jenner‘s lip kits, and the new york start up glossier, as the bbc‘s kim gittleson reports from new york. so i'm just going to spritz my face. for 17—year—old lila childs, her obsession with make—up started young after she saw th

japan's softbank group has reported 49% jump in profits after selling its stake in indian commerce giant sign of softbank making money off its investments after pumping millions of dollars into technology companies. its investments are worth $32.5 billion. saudi arabia has expeued $32.5 billion. saudi arabia has expelled the canadian ambassador and cut of all trade with the country over a diplomatic feud. a saudi foreign ministry statement said it considered a call for release of female activists a violation of saudi sovereignty. canada says it was seeking clarity on the issue. now, all this week, we are looking at the entrepreneurs and the businesses that have been transformed by instagram. today we look at the way the social media has transformed the billion—dollar global beauty industry which is expected to grow by more than $300 billion by 202a. traditional cosmetics brands aren't the only ones capitalising on this growing market. disrupters ones capitalising on this growing market. disru pters by ones capitalising on this growing market. disrupters by —— disrupters like kyliejenner

we've started a softbank operating group. our job is to help the company.look at the entire portfolio it is hundreds of billions of dollars. how can we make our companies work better to generate a better return? how can we help entrepreneurs grow faster and expand faster. ablet's fascinating to be to say we do have financial capital and we are the largest tech investor in the world but at the same time, we will help in other areas. we have the most exciting ecosystem in the world. when you look at our portfolio of companies we have, it's incredible. we have the world's leading technology companies. we find that entrepreneurs love to do business with each other and we like to help them. other entrepreneurs have done an incredible job springing technology to one particular country. once they are ready we help them expand their business to the world. lastly, how can we help them grow their business? a lot of these are new companies that might be ipo-ready soon. we try to help our entrepreneurs unleash their full potential. that's one of my primary roles. >> th

my primary role is we have started softbank operating groups.ur job is how can we help the different portfolio companies, not only division fund, but when you look at the entire portfolio, many hundreds of billions of dollars and how can we make our companies work better in order for us to generate a better return and how can we help entrepreneurs be able to grow faster, expand faster? that is one of our primary roles. when we sit with an entrepreneur, it is fascinating to say, yes, we have financial capital and we are the largest tech investor in the world. at the same time, we will help in other areas. one, we have probably the most exciting ecosystem in the world. when you look at our portfolio of companies we have, it is incredible. we have the world's leading technology companies. the emerging companies together. we find our entrepreneurs love to do business among each other. we help them. we also see some of our entrepreneurs have an incredible job of bringing technology to a specific country. we figure a way that once they are ready, how

[laughter] >> saudi arabia part of a group they say to provide funding for this buyout, softbank of japannot interested. ashley: we will see how it plays out. >> up and down. ashley: susan, thank you. check this out, rocket on historic mission to touch the sun, the parker solar probe that blasted from cape canaveral this weekend and explore the sun the next 7 years, that's going to be hot. trump administration to reform the dangered species act and guests that say a way to save endangered species is eat them. >> no. ashley: yes, i kid you not. president trump going after turkey doubling steel and and aluminum tariffs. the steel guy says the president's tough policies are actually a win, we will be right back. the louisiana purchase, is complete! instant purchase notifications from capital one . technology this helpful... could make history. what's in your wallet? you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. ashley:

group strategy. it is like he is working out problems to create a new way to restructure softbank into something it isit is confusing for investors and sort of a work in progress. people think softbank is going back to the good old days where companyeen a telecom easy to understand, that is not happening. it is worth listening to him to see how he articulates the vision going forward. earningsen it comes to as well, -- yvonne: when it comes to earnings as well. so are we looking at sprint or something back home? room for not a lot of surprise. sprint reported good quarterly earnings. this is not something they are selling anytime soon. an upcoming ipo is interesting, but beyond that it is steady as it goes. yvonne: our bloomberg asia tech reporter on softbank. exclusive chat with the ceo of hong kong and shanghai [indiscernible] all the peninsula hotels across the board and [indiscernible] plans involved in the second half. how they stay competitive. this is bloomberg. ♪ ♪ asia.this is daybreak i am ramy inocencio in new york. yvonne: i am yvonne man. the hong kong and shanghai hotels revenue rising 1

softbank has risen to a nine-month high on its investment gains, as well as a anort that it may be seeking i.p.o. for its domestic mobile business. over in australia we have eclipse group after it lowered its profit growth target. rishaad: thanks so much for that. let's move to these major economic reports. we have a trio of them. could be really key to central bank moves in japan. let's start off with the philippines. we've had inflation figures. we got them slightly more aggressive than the economists were looking for. japan's labor cash earnings, essentially workers' paychecks, we saw that also jump. what's going on? and why? >> let's start with the philippines because of course they are meeting later this week. and so a lot of emphasis, a lot of focus on philippine inflation and it did accelerate. the cpi year over year hitting 5.7% in june. that's up from 5.2% in may. and it ju blew right past that 5.5% forecast. higher oil prices, a weaker peso. tax reform, strong democratistic demand, all the elements are there. of course a bank in philippine is signaling there will be a rate hike this month. at this point that green towards the right-hand side of your screen su

softbank, you join a family. helpcourages investors to each other, and something he calls his number one cluster strategy, the idea of delivering more synergy by being inside a groups marketing, but something we found out over the past 12 years, he has continuously come back of the idea -- acta the idea of group synergy without real examples of success, but having $100 billion and the attention of the world's most influential entrepreneurs. i think we should take him at his word. rishaad: always a pleasure, pavel. as we head towards the japanese market and the lunch .reak, we have other earnings softbank on the way up. haidi: softbank rising. sapporo sliding for the most since may after they cut operating forecasts. isuzu gaining ground after study results -- steady results. it is marketing -- marking the end of its alliance with toyota. surging as much as 70% after the furniture retailer is in final talks to cede control to take ap. to tkp.- moving past the pain, overseas bets made by wireless, we have gaining ground on the nikkei 225. ♪ >> president trump have defended tariffs, saying he is playing hardball on trade he told reporters that the u.s. rebuild china

softbank has moved on from tesla. they have profitability problems and perhaps that is nothing that the ceo wants to get into right now. is also investment in the chinese ridesharing groupll as uber. right now for people familiar, they are not going to rekindle talks with elon musk and tesla. haidi: we are just seeing the fallout of the dollar strength with the dollar index. we are seeing indonesian repair drop to 0.6%. earlier we had the move when it comes to the rand. dollar-rand, i should say. see thecontinuing to fallout as we get this return to safe haven. let's get back to the tesla story. legalusk is in a bit of hot water because of that infamous tweet. >> that's right, that kicked off , couple of potential lawsuits perhaps on allegations of stock price manipulation. saying that they had the funding already secured. people say that is not the case. news just how outlining that suitors are still being lined up, some might say. but there are a lot of legal hurdles to overcome. the point i alluded to earlier was about the saudi arabia private investment fund. already they have built up a 5% stake. an avenue toe increase that. wasaps that is what he referring to. hai