story earlier today the journal says facebook executives have been talk with banks including wells fargo j.p. morgan and citibank over creating features such as displaying their account balances to facebook users or fraud alerts banks are reportedly wary of partnering with facebook especially after the cambridge analytical scandal and a steady drumbeat of corporate data breaches heightened concerns over online privacy but the other side of the ledger big banks may also feel pressure to make a deal from the follow from fear of missing out on the ground floor of the of the merger of social media and finance a merger with the norm is potential profits we'll keep an eye on this and other related stories as they develop. the global heat wave is taking a toll in japan where nearly one hundred people have perished nationwide including at least fifty deaths in tokyo alone last month the new record for the hottest temperature ever recorded in japan was set it forty one point one degrees celsius that's one hundred six degrees fahrenheit on july twenty third and many of the deaths were of older people who didn

story earlier today the journal says facebook executives have been talk with banks including wells fargo j.p. morgan and citibank over creating features such as displaying their account balances to facebook users or fraud alerts banks are reportedly wary of partnering with facebook especially after the cambridge analytical scandal and a steady drumbeat of corporate data breaches heightened concerns over online privacy but on the other side of the ledger big banks may also feel pressure to make a deal from the follow from fear of missing out on the ground floor of the of the merger of social media and finance a merger with the norm is potential profits we'll keep an eye on this and other related stories as they develop. the global heat wave is taking a toll in japan where nearly one hundred people have perished nationwide including at least fifty deaths in tokyo alone last month the new record for the hottest temperature ever recorded in japan was set it forty one point one degrees celsius that's one hundred six degrees fahrenheit on july twenty third and many of the deaths were of older people who d

reporter: morgan stanley and wells fargo and j.p. , they really believe that this rally is pretty much exhausted. a lot of the good news that has supported a rally of more than 6% since mid-april like high treasury yields, higher interest ,ates, economic growth stimulated from the u.s., that is priced into this rally. we will have to see what happens. in the short-term, speculators seem to have gotten it right given the rally in the dollar on friday, following what was seen in turkey. yvonne: thank you. our cross asset editor joining us from sydney. coming up the latest in taking tesla private. speaking to eric noble who is calling any investor willing to join elon musk gullible. this is bloomberg. ♪ bloomberg. ♪ this is daybreak asia. i'm yvonne man in hong kong. ramy: i am ramy inocencio. let's turn to the opening bell, and tesla likely to dominate the headlines. a sovereign wealth fund and saudi arabia could become a major investor in elon musk's plan to take the carmaker right of it. tesla is facing two investor lawsuits. bloomber

j.p. morgan, citi wells fargo and bank corps.eagues at the "wall street journal" they say colleagues asked focolleague facebookasked for i. disagrees with the reporting. i'm going to pull up part it put out a long statement i picked two quotes. "wall street journal" story incorrectly asking for financial transaction data. this is not true. second part of that statement idea with messaging with a bank can be better than waiting on hold over the phone, it's completely opt in. we are not using this information beyond enabling these types of experiences not for ads or anything else. so analysts are saying listen, the long game for facebook here is that if you use facebook messenger, almost like we might exchange money for good or a service in our normal bank, that's essentially facebook wants to do the same thing. the problem for facebook, obviously is, that they have two huge p.r. black eyes recently. of course cambridge analytica, we know 87 million facebook users had their information taken, essentially without consent and we know

j.p. morgan chase bank of america citigroup wells fargo and six other banks all met with federal reserve officials to complain about the proposal which is currently out for public comment the specific concern relates to an accounting definition of what speculative trading and compass is by air. to relax the rule financial regulators have proposed using a standard accounting term called available for sale securities that financial term of art according to the banks is overly broad and would make determining which trades are speculative on behalf of the customers were difficult to determine the public comment period on the proposal ends on september twenty. third of measures announced by the u.s. department of treasury are again targeting chinese and russian companies which the department says have assisted illegal shipments on behalf of north korea treasury's actions are aimed at one individual and three specific companies including chinese logistics syndicate daylon sun moon star and it's singapore based affiliate in addition to the company profit a russian based firm the move comes as the u.s. re

j.p. morgan chase and wells fargo, asking for users' transactions and account balances. facebook explained that users would have to opt into using the messenger app to access their bank accounts. those users could use the messenger app to pay bills and communicate with their banks. >>> the dmv can be a very frustrating place. with wait times in some cases topping two hours. we all know it, we've all been there, we've all done that. tonight, state lawmakers and the dmv, trying to figure out some solutions to these long lines. >>> also, they were coworkers and friends who worked next to each other for more than a decade but this was not any normal friendship. coming up next, the man who worked with the suspected golden state killer opened up about what he was like. >>> plus, both sides wrapping up their arguments inside of a courtroom in san francisco. we will take you to the trial where a school worker claims that a weedkiller roundup gave him cancer. >>> tracking a little bit of smoke in the area. more smoke in the forecast with a spare the air day tomorrow. with mexican

j.p. morgan chase bank of america citi group wells fargo and six other banks all met with federal reserve officials to complain about the proposal which is currently out for public comment the specific concern relates to an accounting definition of what speculative trading and compass is by effort to relax the rule of financial regulators have proposed using a standard accounting term called available for sale securities that financial term of art according to the bank. says overly broad and would make determining which trades are speculative on behalf of the customer is more difficult to determine the public comment period on the proposal ends on september twenty. third of measures announced by the u.s. department of treasury are again targeting chinese and russian companies which the department says have assisted illegal shipments on behalf of north korea treasury's actions are aimed at one individual and three specific companies including chinese logistics syndicate daylon sun moon star and its singapore based affiliate in addition to the company profit a russian based firm the move co

j.p. morgan chase bank of america citi group wells fargo and six other banks all met with federal reserve officials to complain about the proposal which is currently out for public comment the specific concern relates to an accounting definition of what speculative trading and compass is by effort to relax the rule of financial regulators have proposed using a standard accounting term called available for sale securities that financial term of art according to the bad. overly broad and would make determining which trades are speculative on behalf of the customers were difficult to determine the public comment period on the proposal ends on september twenty. third of measures announced by the u.s. department of treasury are again targeting chinese and russian companies which the department says have assisted illegal shipments on behalf of north korea treasury's actions are aimed at one individual and three specific companies including chinese logistics syndicate daylon sun moon star and its singapore based affiliate in addition to the company profit a russian based firm the move comes as t

j.p. morgan gets traction here and you have to wder if a wells fargo or bankamerica will employ a similary and thank you for your perective and gerard is with sbc capital markets. >> customer traffic rises with the 15th straight quarter at tjx and that is where we issue ginn tonight's market focus and the retailer this operates t.j. mack and homegoods, my wife's favorite store and it's a quicker than expected pace at all of its divisions and discounted items and ectjx e that measure to remain strong throughout the end of the year and he also hiked the profit forecast for 18, shares of tjx op to 106.46. kohl's decision scale back promotions seemings to be working and the retailer sold more merchandise at full-price this quarter and that helped overall earnings top estimates and the company also raised its profit outlook all year, but the new figure was shyf wall street expectations and shares climbed more than1.5%, nonetheless, to $80.20 and j.mr smuc topped profit estimates end missed on ref nigh as demand for its c products like jif peanut butter and folger's coffee. the company cut its