stuart richardson there.p next, the china stocks stall again as the drop in manufacturing reignites concerns about the slowdown of the world's second largest economy. ♪ francine: welcome back to "the pulse." here are bloomberg's top headlines. microsoft has agreed to invest about $100 million in you are -- in uber. that is according to a person with knowledge of the matter. investors view its technology as the future of transport. nokia selling its maps unit to bmw, audi, and daimler. the luxury automakers approached nokia about the sale. the unit supplies data to about 80% of cars with navigation systems in north america and europe. oil is extending its slide this morning after iran vowed to increase production after sanctions are lifted. iran's oil minister said the country could raise output by 5000 barrels a day within a week. both crude and brent are down. the head of the failed mt gox bitcoin exchange has been arrested. he was detained in tokyo. he was accessing the exchange's computers and insulating h

for more we are joined by stuart richardson. art, when is more no longer the answer? uart: sometimes soon around the corner, whether it be q4, q2 next year. globally, it is coming into questioning. the rug was pulled under the euro-swiss floor and a lot of people lost money. we saw it again in q2 with the chinese. they threw the whole kitchen sink and yet we tested new lows again this week. we are in this whole process of will the fed raise rates. credibility has been chipped away at all this time and there comes a point where it's not enough. people on the other side of the aisle are saying it will have a negative impact on the economy. the longer you keep these companies in japan, you have this massive oversupply of capacity that is deflationary. if that is not working, let's devalue our currency -- everyone has been through that and japan has been the leader, pushing deflationary policies overseas. this is all very, very hard, deflationary stuff, and it's a sign it's not working. jonathan: why do they rip up the play? you look at the situation in the pension fund ha