taken over a great chunk of the university of melbourne. the national university in canberra has arms company all over it. the us influence and the strain is massive it's very important to the u.s. especially now in its confrontation with china its its perception of china as threatening installment. all of it on this theory it's none of it should involve us trade but us trade has allowed it and the history of us in clones and us bases in this trade. is a deeply sinister one us right really from the end of the the second world war nineteen forty five. the us mapped straight for its minerals for its potential as. a bases. and since that there has been a very powerful u.s. presence in this country and usually the ambassador has been an extremely outspoken. not a diplomat but an outspoken protagonist of u.s. war policies the u.s. treats its trade does treated as a fifty first state. i'm quite serious a fifty five state there's no question this trade and militaries trade in politics is trade the media is completely integrated into the united sta

companies british aerospace ruffian lockheed martin was just taken over a great chunk of the university of melbourne. the national university in canberra has arms company all over it. the u.s. influence in this trade is massive it's very important to the u.s. especially now in its confrontation with china its its perception of china as threatening its dominance all of it are necessary it's none of it should involve us trade but this trade has allowed it and the history of us in clones and us bases in this trade is a deeply sinister one us right really from the end of the. the second world war nineteen forty five. the us mapped straight for its minerals for its potential as. a bases. and since that there has been a very powerful u.s. presence in this country and usually the ambassador has been an extremely outspoken. not a diplomat but an outspoken protagonist of u.s. war policies the u.s. treats a stranger does treated as a fifty first state. i'm quite serious a fifty five state there's no question he's straight a military straight in politics his trade in media is completely integrated into the uni

of that asset. yvonne: thank you, david. our reporter from melbourne. let's look at the stories across the bloomberg university president trade war with china has moved from tweets to the real world. the latest pmi data showed export orders from china tumbling into contraction. bloomberg subscribers also reading about elon musk's latest in l2 employees, -- latest email to employees, declaring tesla a real car manufacturer now. out on tictoc, check jaguars promise of a chinese made electric car soon. those stories trending right now online and on the terminal. ramy: meantime, the much-anticipated low end ipo is positioned ahead of reality. the phone maker is set to raise $1.4 billion, that values the company at half of its initial goal. let's check on the impact of this. why was the ipo priced at the low end? essentially this is a story about mismatched expectations. there were a lot of ambitious plans for a dual listing, a big splash, but ultimately what xiaomi could deliver in terms of chinese regulatory requirements and what the chinese government demanded in terms of the requirements for listing ctrs -- cd-