unit. work on a new power plant can start as soon as next month for westinghouse.te of .our nuclear reactors in doubt global news 24 hours a day powered by more than 2600 journalists and analysts. this is bloomberg. haidi: thank you for that. we would like to bring to your attention our interactive television function. you can find it online to see previous interviews like the one tom did if you missed out on that or dive into any of the securities and functions that we talk about. you can become part of the conversation by sending us instant messages during our shows. check it out. rishaad: looking ahead. japan banks facing declining profits. we will preview the earnings report live from tokyo. next, that factory retail investment data that just came through from china. this is bloomberg. ♪ ♪ rishaad: you are back with bloomberg markets. sydney. am haidi lun in a quick check of the headlines. cashroup has presented a billion to cherry pick prize assets from a publisher. the offer is worth $1.20 per share. there seeing a nice pop re. rishaad: abu dhabi will invest

by 8.4% in the westinghouse unit said they are looking at starting to sell out that asset. metals group impacted by what we saw in the iron or price. comments.ming in with have a look at this chart, you are seeing investors quite low on emerging-market currencies is also on the yen which seen is that safe haven risk. quite interesting that these two are core -- correlating when normally they go in a different direction. bank of america merrill lynch saying these cannot be sustained. it is likely the yen will fall when the fed starts to tighten policy and we could see and diversions coming through on some of the em currencies. interesting that we have seen investors buying into the yen and a number of emerging-market currencies. thank you very much. back to the u.k. musiclitary will guard and sports events in an unprecedented security operation as police hunt for accomplice move -- for compasses of the bomber. -- for accomplices of the bomber. let have raised terrorism this level to its highest level in a decade. >> the threat level should be increased for the time being fro

black hole with earnings, and lsoy are trying to a figure out what they're going to do with that westinghouse unitlity agreed to take control from toshiba, which limits some liabilities toshiba may have as long as they are able to finalize that deal. their partner in the chips unit -- western digital is filing for arbitration to slow down the sale. >> they want a say in terms of who it will be sold to. is ae end of the day, it perfectly valid request if you are a partner. >> the pointer she but would make is that western digital was not its original partner. they became a partner in that joint venture because they bought sandisk, and toshiba did not have any consent rights over the sale, so toshiba is saying you can't argue for rights we never got in the first place and there were no consent rights in the contract either way. ♪ three mega banks are rising today despite forecasting a fourth straight fall and combined annual profit. it comes as the impact of negative interest rates is. >> all three banks achieve their full year guidance, down a fraction from a year earlier. the profit forecast for t

up by 6.5% after reports it may seek buyers for its westinghouse unit as early as this all according eo of that unit, and then elsewhere , china everbright also doing well after we saw morgan stanley rate china ever grand at overweight. emily: this is "bloomberg technology." i'm emily chang. former cia director john brennan testified before the house intelligence committee tuesday. for the first time, he publicly said he was concerned about possible ties between russia and the trump campaign, saying that russia "brazenly interfered" in u.s. elections, including actively contacting members of the campaign. he stopped shy of calling it "collusion." he also says he's concerned over reports that president trump shared classified information with the russians on may 10 in the oval office. >> i don't know what was shared or said in the oval office, but if the reports in the press are true that mr. trump decided to spontaneously share intelligence with the russians, i think he would have violated two protocols. emily: our global news reporter joins us from the -- washington. what where the b

toshiba might seek bowers from the westinghouse nuclear power unit this fall. rding to the chief operating officer. the company put westinghouse into bankruptcy in march. westinghouse has been hit with billions of dollars in losses. it is not engaged in business combination talks with glencore. they approached them about a combination and there is no certainty 80 will happen. shares of bunge soared 17% yesterday, but have fallen. the chairman of bloomberg lp is a senior independent director at glencore. and in the u.k., full year earnings beat estimates. this offset weakness in the retailer's clothing unit that will boost hopes that marks and spencer ceo's will put the company back into growth. guy: thank you. now, in its financial stability review, the ecb says repricing risks in fixed income markets remain significant. we are talking about the u.s. here. at an event speaks in madrid later today, but before that, matt miller will speak with his second-in-command, vitor constancio. we bring you the interview during this show. let's get back with reinhard cluse.

that it and its bank rep nuclear unit 01 $.7 billion for breach of contract. scana says westinghouses lead contractor. the disagreement comes as toshiba and scana try to negotiate a plan for finishing the project. talks toetjet is in become the country's first company to list its shares abroad. vietjet says it has been approached by london, hong kong, and singapore, and will meet officials in new york later this week. annoyed recently ease the rules on investment and received shareholder approval to boost its foreign ownership limit to 49% from 32%. we have been approached by some foreign stock exchanges, including london, hong kong, and singapore, and have expressed interest in our stock. we don't want to hide our hope to become the first vietnamese company to list shares overseas. angie: let's get back to the markets. greeting theokyo latest north korean missile with the equivalent of a shrug. shery: like who cares, basically, but we are talking not only about south korea and the topix, but india. this is #8928. you can see korea and india have led the way in 2017, well ahead of it

unit. western digital is ready to make concessions in order to retain its share of the operation. westinghousetors have dropped their opposition to a final bankruptcy loan, clearing the way for to receive $450 million to keep operating. sony's consumer electronics division now enjoys a dominant role when it comes to the gaming sector. the ceo told sony investor relations day that movies remain a hugely important part of the overall business. >> the picture segment remains an important business persona and we are increasing the urgency with which we implement measures to improve the pictures business. senior equities analyst at jefferies was at the event in tokyo and joins us now. take us through what the takeaways were. >> thank you. threeit of context, we years back, we used to be very skeptical three years back in february 2014. we upgraded sony when they exited pc and the other consumer electronics business started to shrink. they were focusing on streaming, games, movies, and music. they have done a great job to turn around, taking painful decisions to reach where they are. this year, the

units. it is seeking to get a higher price at auction. tohiba is selling assets avert bankruptcy because of its westinghouse nuclear business, which may resultear loss of ¥1 trillion. the eyes of the aviation world on shanghai, specifically china's first domestically designed and built passenger plane. it is a proud moment for beijing, but the comac c919 owes a lot to the outside world. says that gives potential buyers a sense of assurance. great to have you. 15 westernn suppliers were used to build this plane, so can we call it made in china? >> you are right. this is questionable. the key thing to focus on is that the iron ore has developed --comac c919 has developed a strategy for tried and tested technologies, engines, and components, and this should give comfortine buyers more in terms of quality assurance familiarwhat they are with in terms of the future a craft maintenance of the comac c919, it should not be different from what they are used to. i want to get your views on the delays and whether that .ill be ongoing it is face the chinese carriers and leasing companies. is there any prospect of interest from foreign buyers? >> foreign

united states under construction now. because of the problem with finances at westinghouse and a bankruptcy, those plants -- the ability of those plants to be finished is not as soon as we thought it would be. the production tax credit section 44 ends at 2020, is that not right? >> we're asking you to take a look at an extension of that eligibility from 2020 out a few years. it doesn't cost you any more money. but the federal involvement gives us the ability to borrow and leverage in such a way that you have cheap, affordable energy and can finish those plants. otherwise, lose the money that's been put into them and lose the opportunity to do so, so i don't expect an answer. >> happy to look at it with you. >> i would appreciate it and time is of the essence. i'd love to talk to you about it. and lastly for low and moderate income people, i have worked on the free file program for a long time. are you familiar with free file? i am. >> i think it's very important we continue that. i think it ends in 2020 or some out year. i would appreciate your taking the time when you get a chance to look at that and see if we can't make

united states under construction now. because of a problem with finances at westinghouse and a bankruptcy, those plants -- the ability of those plants to be finished is not as soon as they thought they would be. section 44 ends in 2020, is that not right? mr. mnuchin: we're asking you to take a look at the extension from 2020 out a few years. it doesn't cost you any more money. but the federal involvement gives us the ability to borrow and leverage in such a way you have cheap, affordable energy. otherwise lose the money that's put into them. we would be happy to look at it with you. senator isakson: time is of the essence. lastly, for low and moderate income people, i have worked on the free file program for a long time. are you familiar with free file? mr. mnuchin: i am. senator isakson: it's important we continue that think it ends in 2020 or some out year. i appreciate you taking time when you get the chance to look at that to see if we can make that a permanent program for the american taxpayer where they get free assistance in filing their income tax. the i.r.s. should be forward and the treasury secretary should be --