the other global business stories making headlines. microsoft is interested in buying the entire global business of tech talk from its chinese parent company that according to the financial timesmicrosoft's plans had previously left out the european and indian operations of the social video ringback . smartphones are made out of reach for billions of people according to a new study from the alliance for affordable internet nearly 2500000000 people live in countries with the cheapest smartphone will cost them a quarter of their monthly income. for the collapse of air travel during the krona virus crisis in the 2nd quarter was unsurprisingly perhaps a big blow to live with more than a 1000000000 in losses now chairman carson spores talking about cutting costs and cutting jobs for most of lufthansa's planes still grounded currently unused runways the german and has been part nationalized within a deal granting it 9000000000 euros in state 8 but experts remain skeptical about its future. it's highly unlikely that. a traveling general will be able to return to preclude rhona virus levels in any case it will be several years before it doesn't look tense it will take a pretty heavy k

the pandemic drove up revenue in its food delivery company eats. microsoft is interested in buying the entire global business of tech talk from its chinese parent company that according to the financial times 3 microsoft plans had previously previously left out the european and indian operations of the social video app and the collapse of the air the collapse of air travel during the krona virus crisis in the 2nd quarter was unsurprisingly perhaps a big blow to move tons of with more than a 1000000000 euros in losses now chairman carson spore is talking about cutting costs and cutting jobs most of lufthansa's planes are still grounded parked and currently unused runways the german airline has been part nationalized with the new deal granting 9000000000 euros in state aid but experts remain skeptical about its future. the. it's highly unlikely that. air travel in general will be able to return to crete coronavirus levels in any case it will be several years before it does and look times it will take a pretty heavy knock. indeed in the 2nd quarter of this year the airline suffered operational losses to the tune of 1700000000 euros c.e.o. carsten s'pore seen here in better days his recovery w

talking about microsoft's continued talks with tiktok. the financial timeseported that microsoft is considering buying all of tiktok's operations. they are getting some pushback. meantime, we will go to a conversation we had earlier today on bloomberg television with the ceo of sonos. diversifying our supply chain to talk about the tariff issues. we have had a plan for a long time to diversify. i think the good news on that front is that we have actually been given an exemption. that is something that will flow to our bottom line, which is great news. impactedobviously was by the pandemic. they shut down some of the operations there, which has push into malaysia. we will be there up and running fully by mid 2021. they: talk to us about , whatever you want to call it, with google. are you confident that you can start to get royalties from google? >> we are very confident. our secondwe signed agreement with a competitor that is now paying us a royalty. we are 2-2 on that front. we are very confident and very is righthat that trial around the corner. we are try

for the app itself, but don't forget, is microsoft the only suitor out there and they want everything. stuart: i'm fascinated to see microsoft's stock bounce up just a little on the financial timesenchilada. susan: i think price is key. let's see. stuart: let's see. that's a big operation to buy just like that. got it. thanks, susan. >>> look at the price of gold. where are we today? still comfortably above $2,000 an ounce. $2,062 to be precise. gold has done very well recently. bring in heather zumarraga, market watcher. tell me, is there any relationship between the zooming prices for gold and the election? >> i love zoom, zoom, zoom. it's an easy way to remember. it's not my fault, you can blame my husband for the last name. look, gold is zoom, zoom, zoom, off the charts, right? regardless of markets up, markets down. everyone is piling into gold. i don't think it's for the normal reasons, when you look at most people usually buy gold as an inflation hedge. we don't have inflation right now, right, so it's a flight to safety, flight to quality, instead of flocking into bonds, for example, you have the ten-year down to around 50 some basis points. that doesn't look like a good

the financial times. this may complicate microsoft's efforts to take over the operation.r with investors including sequoia capital and atlantic. boeing is considering more job cuts than the initial temper sent. and voluntary layoffs may calm. the layoffs are hard but necessary. employees will get more details next week. isaccidental payment at citi now heading for regulators. the wall street bank mistakenly paid money to lenders. citi described it as an operational mistake. some returned the cash but others have not. suing brigade who has refused to return the money. wek to the geopolitics and will attempt to get our conversation around belarus where thousands of workers joined mass protests against the president, alexander lukashenko. what is the role of russia? let us get to our conversation with alexander baunov from carnegie moscow center who joins us. what happensutin here? alexander: first of all, russia wants their union with belarus and russia to remain. gorbachev for destroying the soviet union. it is the only thing that remained of this structure. wants to keep

course is that microsoft has reached at least a tentative accord to acquire some of the assets of tick tock the us application canada australia new k i believe was the domain the financial times today just reported that they're actually talking about buying the entire tech stock application globally which in some ways would make a lot more sense microsoft is certainly a big enough company to be able to fund that kind of acquisition and to support that kind of acquisition global late you know the question is whether i dance is going to want to displace off the u.s. and some other markets from the global you know application and that obviously presents tremendous technical challenges and there's no way that that could happen in the next 40 days one would imagine that if for example this deal with microsoft did go ahead and it absorbs it to talk then there would be something else in its place because there inevitably inevitably seems to be and this seems as though it's just going to be an ongoing fight for this particular administration. sure well and i mean there are always new social media apps right i mean the competition is robust out there and one sense and that innovation

now but the big news of course is that microsoft reached at least a tentative accord to acquire some of the assets of tick tock the u.s. application canada australia new. domain the financial times today just reported that they're actually talking about buying. applications globally which in some ways would make a lot more sense microsoft is certainly a big enough company to be able to fund that kind of acquisition and to support that kind of acquisition globally you know the question is whether right dance is going to want to slice off the u.s. and some other markets from the global you know application and that obviously presents tremendous technical challenges and there's no way that that had could happen in the next 40 days. well still ahead here on al-jazeera accused of sending a hit squad to canada the saudi crown prince faces a little suit in washington d.c. . and doing things differently find out how one sitting in the u.k. is using community volunteers to help control the coronavirus. however got some lovely summer heat spilling across much of year it now largely fine and dry we have still got a nasty little clutch of storms there just around the balkans but elsewhere y

the big news of course is that microsoft has reached at least a tentative accord to acquire some of the assets of tick tock the u.s. application canada australian u.k. atlee it was the domain the financial times today just reported that they're actually talking about binding and i are tick tock application globally which in some ways would make a lot more sense microsoft is certainly a big enough company to be able to fund that kind of acquisition and to support that kind of acquisition globally you know the question is whether right dance is going to want to displace off the u.s. and some other markets from the global you know application and that obviously presents tremendous technical challenges and there's no way that that could could happen in the next 40. still ahead on al-jazeera chairing for an empty stage the opposition leader in belarus his body from attending her final rally ahead of sunday's elections and tackling the battle of the bulge i stated in mexico bans the same of john to children. hello once again we've got some very heavy rainfall either some out of the arabian peninsula as we go on through the next couple days the same storms rumbling away for the past couple of weeks

the latest challenge for microsoft who was the front runner in the bid just days ago. joining us now, the financial timesgood morning, the story first appeared in your paper what can you tell us about oracle's sudden interest >> it has only happened in the last several hours the story about my colleague in new york and san francisco is a bit surprised. not like microsoft has actually had a few things that touched more closely taking more back this morning by this news. you look at share price. it does seem to have had positive reaction. as we are reporting, oracle is teaming up with some existing investors in bytedance and venture capitalist you know there hasn't been too much other than microsoft in the game they really don't have the fire power to get this done and other things to face the problem even then, it wasn't about the confidence in that action. we need to be pleased with the outcome. this is a crazy and complex situation. if you are one of those investors in bytedance, you have to work to get more interest in this because you are not going to get a pricey one. it is interested to see the deep

the big news of course is that microsoft has reached at least a tentative accord to acquire some of the assets of tick tock the u.s. application canada australian u.k. i believe was the domain the financial times today just reported that they're actually talking about buying me and i are take out with patient globally which in some ways would make a lot more sense microsoft is certainly a big enough company to be able to fund that kind of acquisition and to support that kind of acquisition globally you know the question is whether right dance is going to want to displace off the u.s. and some other markets from the global you know application and that obviously presents tremendous technical challenges and there's no way that that could could happen in the next 40 days new york state attorney general is suing the influential gun lobby group the national rifle association several executives are accused of siphoning off millions of dollars to fund lifestyles it any general says the organization should be dissolved altogether shabba tansey reports from neil. new york's attorney general had promised to shine a light on the national rifle association when she was elected after 18 months of investiga

the financial times. it carries a picture of one of the thousands injured in that massive explosion in beirut. but it's main story is microsoft'she chinese social media app, tiktok. the guardian has a picture of the huge blast as it ripped through the lebanese capital. ripping through the port area as well as the rest of the capital. but the newspaper's lead story is a warning from the uk labour leader, sir keir starmer, about a "long winter" — unless virus testing is improved. the daily mail leads with a warning from doctors, who say the lockdown has taken a huge toll on britain's wider health. the daily mirror reports that three teenagers jailed for killing a police officer, pc andrew harper, in berkshire will have their sentences reviewed after claims they are too lenient. they were found guilty of manslaughter. the children's commissioner says pubs and shops should be shut, to reopen schools, if a trade—off is required. that's according to the telegraph. following up on chris whitty‘s comments a few days ago. and, the times says the bbc is facing a growing revolt over the end of free tv licences for most over—75s. so, let's

is that microsoft has reached at least a tentative accord to acquire some of the assets of tick tock the u.s. application canada australia new play i believe was the domain the financial times today just reported that they're actually talking about binding and application globally which in some ways would make a lot more sense microsoft is certainly a big enough company to be able to fund that kind of acquisition and to support that kind of acquisition global late you know the question is whether right dance is going to want to displace off the u.s. and some other markets from the global you know application and that obviously presents tremendous technical challenges and there's no way that that could could happen in the next 40 days the saudi crown prince is being accused of sending hit men to canada with plans school one of his former top intelligence officials. the alleged target has filed a lawsuit in the u.s. it's been reported that interpol rejected a request to extradite back to saudi arabia because it was politically motivated like how the ripples. crown prince mohammed bin solomon has been painted in the white house but now in papers before a washington d.c. court

the financial times that it plans to demanded ethical margin. curevac more than tripled in its debut friday. it was the biggest listing there this year, and microsofts interested in expanding tiktok, including the u.k. operations. it is unclear if parent company unedance wnaants to seel the -- sell the unit. and that is your bloomberg business flash. francine? francine: an injection of the raised positivity with unprecedented amounts of stimulus, but there is also a warning about a second wave of coronavirus creating a downside scenario. to be joined by a multi-asset strategist. think you for joining us. when you look at how the economy will perform, how many jobs we will lose, and also the u.s.-china trade, what does that do to your conviction? >> arche conviction is we think stocks will be rising over the next year, and the key driver there is really what is happening with the bond market and the fed. we think the low interest rates and negative real yields is encouraging more investors to be moving up the risk spectrum into credit and stock and support evaluations, so we think that is going to drive stocks higher. of course, that plays into the

course is that microsoft has reached at least a tentative accord to acquire some of the assets of tick tock the u.s. application canada australia new k i believe was the domain the financial times today just reported that they're actually talking about binding and application globally which in some ways would make a lot more sense microsoft is certainly a big enough company to be able to fund that kind of acquisition and to support that kind of acquisition globally you know the question is whether i dance is going to want to displace off the u.s. and some other markets from the global you know application and that obviously presents tremendous technical challenges and there's no way that that could could happen in the next 40 days you know hundreds of afghan leaders scholars and el design meeting in kabul to negotiate a peace deal with the taliban the loya jirgah talks all the last hurdles to the start of the goshi asians between the afghan government and the taliban the main issue is whether the government should meet the armed groups demand to release $400.00 prisoners u.s. a true statement is urging support for the move saying it will be an important step towards peace. spai

financial times reports that the tech giant has held preliminary talks with chinese's owner. and microsoft is in talks to buy the popular social media app. president trump recently ordered tiktok to sell its u.s. assets. >>> payless is launching its website to mak aer comeback. the company is rebanded and called payless worldwide. plans to open as many as 400 stores nationwide in the next five years and the first location is set to ep open this fall in miami. the store filed for chapter 11 bankruptcy protection last year, less than two years after it emerged from its previous bankruptcy. >>> brand-new details about the new season of "dancing with the stars." two of the show's stars reveal the scoop on "gma." >>> health alert. the infe book two separate qualifying stays and earn a free night. the open road is open again. and wherever you're headed, choice hotels is there. book direct at choicehotels.com. >>> now your accuweather forecast with mike nicco. >> tracking hurricane genevieve down near the baja of california and near the tip of cabo san lucas. this is monday and you can see at mid

the order is not reversed. kumasi. >> thank you, jobina. >>> now to your morning money report. oracle is reportedly looking to acquire tiktok. financial times reports that oracle in preliminary talks with byte dance and microsoft is also in talks to buy the popular social media app. president trump recently ordered tiktok to sell its u.s. assets. >>> at 6:50, we're taking a live look at the new york stock exchange. trading gets under way this morning. you can see we're still about the same around 15 points up. >>> all right. new at 6:00, the story that you didn't see coming this morning. a new study by uc berkeley researchers and it finds that penguins don't come from where you think they come from. eparentally they evolved from australia and new zealand 22 million years ago. scientists say two species penguins moved off and moved to antarctica water because of the food supply there and a new lineage of penguin that hasn't been given a scientific description yet. i love a penguin. i love watching them. only one thing i don't like about penwiguins. >> what is it? >> the smell. >> what? >> haven't you been close to penguins before? >> maybe. i don't remember them smelling. >> it's not good. >> okay. we will trus

the global operations. what do we know? tom: we know that initially, microsoft was looking at buying the operation from the u.s. but also canada, australia, and new zealand, we have a report out from the financial times suggesting that they would hurt a conversation with tiktok and the parent company in beijing about buying the global operations of tiktok, because sorts ofo are all complexities about how you carve out specific jurisdiction for different parts of the company. sources that say the conversations are focused on the purchase of the u.s. parts of the business, canada, australia, new zealand. not the u.k. that is according to sources talking to bloomberg. there is a challenge for microsoft as to how to absorb the business if they do that and make sure people and consumers continue to use it, not just in the u.s., but globally as well, so there's a lot of conversations about what happens in the backend of this business, so that continues. those conversations continue. president trump has set himself ofset tiktok a deadline september 15 to be sold to a u.s. company -- looks like microsoft is in the lead on that front -- or they close down the app. shery: tom mackenzie in beijing with the late

microsoft's talks with tiktok fo remains focused on buying operations. sources say they have not expanded the scope of negotiations. that comes after a financial timesal giant was pursuing the entire business. aberdeen has lost its title as u.k.'s largest standalone asset manager. this takes it below schroeder's. that is your bloomberg business flash. a small dna testing company that months ago was trying to get its in consumer -- its footing in consumer genetics is working to make hospital safer. offer for 5000n machines to test patients for the coronavirus at hundreds of nhs hospitals and delivers results in 90 minutes, and could also identify the flu and other viruses. joining us is the dna nudge founder and imperial college london professor. thank you for joining us this morning. testing has become a sensitive situation in the u.k.. thousands of tests ordered last spring turned out to be flawed. how well does your machine hold up under scrutiny? advantagesof the key , it was almost a solution before the corona problem existed. i have always been keen on bringing standard genetics into the consumer world. for years, we have been looking demystify