here is yvonne man. onne: barack obama has congratulated hillary clinton for her victory in the democratic nomination race. the u.s. president has also spoken to rival bernie sanders, and will meet him at the white house tomorrow. addressr, clinton supporters in brooklyn. saying history had been made. hillary clinton: thanks to you, we reached a milestone. the first time, first time in our nation's history that a woman will be a major party nominee. the british prime minister and the leader of the party have argued in a tv special. david cameron said brexit would ruin the global stage if it left. nigel farage argued that it costs far too much, under what he calls a rotten deal. area, in area after things that affect our great country, we would have knows they over. when we want to make sure iran can't get a nuclear weapon, we want to be strong in front of vladimir putin in the ukraine, we do work in the organization. yes, the eu.., and nigel let us say they cut off their nose to spite their face. you know

yvonne man is with us. onne: the governor has talked international bond sales designed to bolster international stability. they did not provide a timetable for the scheme, but the prime minister has flagged second-quarter sales. the foreign-currency reserves grew to over $17 billion in the end of may, below the levels before the arab spring of 2011. the developer of the world's tallest tower may be looking to raise cash, looking at properties to consider a dollar-denominated bond sale in the second half of the year. the company is said to have appointed advisers, deciding against an offering if conditions are not conducive. countries and companies in the region have been tapping international markets as oil slumps. and the u.s. has rejected an approach from the eu calling for protection from banks and companies seeking business with iran. it is understood that the eu finance minister failed to get smooth guidance on the conference in brussels last month there in january, opening additional eu business. the r

yvonne: and i am even on man in -- yvonne man.even though we closed higher here, it is the u.k. you are watching in asia, really dominating trade for you today. the first results are in from the u.k. referendum, amid rising speculation voters opted to stay in the european union. nejra cechic is watching all the action for us in london. nejra, as we are watching ourselves, not only the external reaction, but the internal reaction from our reporters, particularly our global markets editor, putting out some comments here, essentially saying, everyone is kind of oh wait now to some of these -- awake now to some of these initial results and the opinion polls that came out an hour ago, showing it was really a dead heat. much more of a dead heat than poll.uguv nejra: the poll commissioned by sky. there are no official exit polls for this referendum, the way there are in the general election. that showed 52% for remain and 48% for leave, and we had nigel ukipe, leader of the party campaigning for leave, calling the result, saying, looks t

i am yvonne man.was a volatile one with the looming brexit vote and speculation over the fed. we take a look at what we can expect in the u.s. this week. the week ahead on wall street will likely see investors along with the rest of the world hyper focused on the speeches, debates, and final countdown to that bitter campaign in the u.k. to either leave or remain in the european union. another highlight of the trading week, janet yellen testifies to congress on monetary policy on back-to-back days midweek. testimony before lawmakers having voted to keep interest rates unchanged. economic reports in the coming week will probably show that sales of previously owned homes climbed in may, while new home purchases declined. the economists also say that orders for durable goods are expected to drop. facebookrporate front, holding its annual shareholder meeting, while ge will hold its first digital investors meeting. hairy, anddex, black bed bath & beyond are among the companies set to announce earnings. the

i am yvonne man. standard chartered regional ceo and which countries they are targeting. that is coming up on "trending business" next. ♪ cutting jobs and consolidating operations as banks face a global slowdown. standard chartered is also restructuring. it's southeast asia's ceo says it is still ready to expand in some countries. >> every market has potential. the terms of the retail business, commercial business, but if i were to try to grow every single market, that would not be real. in some cases, i would not have a business model that supports that. thanks in general have been downsizing and downsizing and downsizing. overnight, hsbc is downsizing further. inyou expect to do the same southeast asia or india? commitment toe a cost reduction and are on target. we are on track to achieve what we said at the start of the year. having said that, most of our restructuring through people or businesses are largely embedded in the business now. we are also investing. digital,vesting in wealth, and system

i am yvonne man. up,aad: well, coming greater china is off.s enjoyed the most downtime in the year. this is "trending business". ♪ rishaad: welcome back. today.ot in action nikkei 225 down nine tens of 1%. a lot of factors weighing on that. in sydney, this is the situation there. off by 2/10asx 200 of 1%. south korea's surprise interest rate decision. new zealand keeping rates hat. -- pat. the singapore strait times index, up .5%. inflation remaining muted in china. china's market closed for the rest of the week for the dragon boat festival. it comes to trading holidays, how does china compare with the rest of the world? if we want the most holidays, we should stay right here. china has 17. we should stay right here. you do have this three-way tie china, japan, and taiwan, 17 trading holidays the year. japan, and taiwan. malaysia with 15. in hong kong, we only get 14 come but if you compare it to the u.s., only nine. only five public holidays there. you should not feel too bad. rishaad: the u.s. surprises me with nine. spain also has five. we

i am yvonne man. up, chinaell, coming and the u.s.common ground on the currency after two days of talks. we will dig deeper into the yuan 's fortunes. that is next in "trending business". ♪ rishaad: you are back with "trending business". point 5593 -- 6.5593 against the u.s. dollar, the biggest two-day decline since february. let's have a look at the story in chart form. some relief with that stronger fixing. that thesome concern pboc is going down the road of deflation. the yuan has fallen against that basket of currencies. that is that white line here, the bloomberg replica. against the basket of currencies is the lowest since october 2014. all of this on the back of the drop we saw in may of 1.6%, the biggest monthly decline since that august evaluation and certainly stoked some concerns that we are seeing depreciation. part of this is the dollar story. stronger against the u.s. dollar, weaker against the basket, allowing them to control outflows while benefiting exporters. ist we are getting now volatility when it comes to the yua

i am yvonne man.ack lew iss china's government moving in the right direction on its currency. details in your fx headlines coming up next. ♪ welcome back. u.s. treasury secretary jack lew china haves. and made great progress in their currency talks. speaking to students in beijing, he said china's government is moving in the right direction on its currency. the pboc was "not clear in its communication about the currency back in august." let's check in on the dollar index after that disasters payrolls number on friday. being the first month instead of july. it is coming back up after falling to a three-month low. at the aussie dollar ahead of tomorrow's rate decision and may job ads, down by 4/10 of 1%. new zealand's market is closed today. the kiwi falling a third of 1%. meets thursday to discuss its cash rate. most expect a quarter of a percent cut in the pound has fallen to a three-week low as most britons favor leaving the european union. the u.k. currency weakened against major peers after a poll

. >> coming to you live, i am yvonne man. in newi am betty liu york.e watching this emergency meeting by the bank of japan. i saw the yen just come off slightly from the highs, where broke through that 100 level. really raising these questions as to how the japanese will deal with a stronger yen. thate: market stability, is the topic of this emergency meeting. we are also hearing that south korea could be addressing some market stabilization as well and see if measures will be needed. out of trillion wiped global stocks on friday. it looks like we could see some more bleeding post-brexit vote. let's look at new zealand. we are seeing the kiwi falling for a second day, and stocks tumbling for a second time. in australia, futures looking to open slightly higher. a bit ofa place for opportunity, but futures now back down and retracing. let's look at japan. this is the one to watch. 8% on friday,ing yen and goal jumping again. the yen touched 99 against the dollar, and seen testing 95. i don't think anyone imagined it could get this bad so quickly. the bre

yvonne has details for us. we're in the no man's land, post ecb, pre-payroll.nvestors are on something to do footing right now. we've seen nothing happening on the ecb. some disappointment in there, and brexit could be weighing on some investor's minds as well. you can see here, most equity markets in asia in the green. ching slightly higher when it comes to the weekly totals. nowdays up, two days down, flat here in asia. we are tracking some gains overnight. now, a bloomberg analysis coming in saying that look, we're expecting to see these jobs coming in. ut, brexit may have a bigger fed's decision in a surprisingly jobs data. they could leave rates unchanged at june even every see a positive surprise for the jobs data. the s&p 500 up about one third of a percent. pretty tepid performances, the hang seng about a third of 1%. shanghai already mentioned about ist, and the currency risk there. it could weaken once again. sparkingd potentially some concerns about another broad selloff we could see. the yen, that is one thing we should be watching. we are seeing it

. -- with yvonne man. shareholders -- these securities are poised for the biggest one-day gain since 2009. 13%, thest as much as lowest since 2003, following the announcement. the singapore company which lost its ceo says chairman and .ounder intends to go donald trump says hillary clinton should be sent to jail for her use of a private e-mail server while secretary of state. at a rally in hand -- in san that she was guilty as held. --says desk within says he clinton says he is unfit to be president. weekends.n it could spill over into global selloff. declineis poised for a -- the yuan is poised for a decline. paris on the second-highest alert level. the louvre, the museum of historic artworks will shut its doors today. the flooding is disrupting travel on motorways and some train lines. forecast.ours are global news, 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world. you can find more on the top stories -- more other top stories on bloomberg top . matt: 160,000

i am yvonne man. yvonne: it has recovered a bit there. aviation, pricing taking place. $42, 43.10 in the market. the debut occurs in just a few minutes. we will be live for that as well. this is "trending business". second biggest ipo and asia this year. ♪ get ready for the rio olympic games by switching to xfinity x1. show me gymnastics. x1 lets you search by sport, watch nbc's highlights and catch every live event on your tv with nbc sports live extra. i'm getting ready. are you? x1 will change the way you experience nbcuniversal's coverage of the rio olympic games. call or go online today to switch to x1. ♪ rishaad: you are back with "trending business". this aircraft leasing company, boc aviation, just about to have its debut. this should mark the start of trading. , we will behey do underway with the second-biggest listing and asia this year. billiontion raising $1 and is ipo. the company selling new and existing share at $42 of these. $1.10,ce has risen by but, in the premarket, trading getting underway proper. here is the count dow

we have yvonne man checking in on the story. is it still too early to jump back in? >> may be so.ey do not see a bull market anytime soon and it is because of the government intervention we have seen that is elevated the stock prices. profits continue to shrink. we have seen a 13% decline in earnings in the past year. the biggest risk is the investor psychology. since the 40% plunge since june -- since january, we were main pretty low, below that 3000 psychological line in the sand. compare the valuations to the rest of the world, china still looks pretty expensive, three times more than any other major market. at 59.e ratio that is still higher than u.s. tech shares at the height of the.com boom. that is hong kong, you can see the disparity, plenty to be worried about. close to that five-year low. the clearest indicator to see this disconnect is -- we are seeing 34% premium for the domestic markets to the international market here in hong kong. 34%, is actually still smaller in some respects because they include bank stocks, for example, to have a much greater waiting. ing.eight

we have yvonne man following the story. what are we learning about the killer? >> the gunmen was omar mateen, a 29-year-old u.s. citizen, born in new york. he did live in florida. those who knew him say he was a bodybuilder, religious person who at one point thought about joining the police. callbi says he made a 911 before the attack on the pulse nightclub. he allegedly made comments to coworkers about links to terrorist groups. the following year, he was again investigated but nothing incriminating was found. he worked as a security guard since 2007 and despite official suspicion was able to legally buy guns just last week. angie: this has become a presidential issue with candidates responding to the killings. what have they been saying? >> donald trump called this the worst attack in the u.s. since 9/11 and said president obama should resign because he refuses to say the word radical islam. he accused hillary clinton of doing the same and said he predicted such a tax would happen. -- attacks would happen. this is what he tweeted out. clinton said -- here is w

we have yvonne man with the latest on this.snne: the attack happened 300 people were dancing and drinking. people described chaos and horror with dozens dead and injured as survivors rush to escape. ae assault was followed by three-hour standoff with people trapped inside becoming hostages. teams form thelt ves tosetting off explosio distract the gun man. >> we are dealing with something that is unimaginable. ask for a state of emergency. we are also issuing a state of emergency for the city of orlando so we can bring additional resources to bear to deal with the aftermath. the killer has been identified as a 29-year-old u.s. citizen born in new york to afghan parents. it is believed he was armed with an assault rifle and hand gun. he made a phone call before the attack in which he talked about so-called islamic state and swore allegiance to the militant group. the fbi had previously afterigated mateen inflammatory comments about terrorist groups. inagain came to attention 2014, but no incriminating evidence was found. the isla

yvonne man, bloomberg, japan. mark: stocks are rising for the third consecutive session.xx 600, the ftse, the dax -- two days of gains before today of 5.75%. bestgame since friday -- gain since friday. the five-day dropped 5.8%, but stocks are rising for the third consecutive day. resurgence has come to an end. they have seen a choppy session. sterling dollar down with little one .34 euros down. euros down against the frank. the inflation data out of the eurozone. i will explain later. gdp in the u.k. rose. the u.k. 10 year yield up by a basis point. why this since 2000? the german 10 year yield is down a basis point as well as spain's and italy's. up for the indices are tenths of 1%. the dow up 73 points. the nasdaq up just 3/10 of a percent. we also have a look at yields that gives us a barometer of where things are heading. the 10 year yield is going nowhere. it was down from 150 earlier. as you can see, the vicks is below 16 once again. the dollar index also getting weighed on slightly. have gold. ind futures are coming $13.17 an ounce. mark: looking at some of the bi

yvonne man is here. the eye-catching part of this is the $26 billion price tag. what am i going to get from my linkedin profile? how will i fit in to the microsoft world? yvonne: the trade-off is the professional network integrated with the professional lifestyle. theou mentioned evaluations, this is 91 times even the -- 91 times ibada. islooks like the resume looking good for linkedin so far. nearly 50% of of their last flows on friday. microsoft is considering writing -- riding this tech wave into the future, so this could check all of the right boxes. they've largely been missing out on this consumer web boon. they are trying to sprint ahead when it comes to these social tools. it also remains largely independent. the structure remains the same. jeff weiner will remain as ceo. a similar structure we saw when google took over youtube, as well as facebook, whatsapp. 443edin has more than million members. they have the potential to scale each other's growth. manus: there is a wonderful gadfly piece. they have a fantastic bart chart. it shows the revenue collapse i

yvonne man, bloomberg hong kong. mark: let's have a look at what is happening to equities.today for a second consecutive day. on board janet yellen's comments in philadelphia on monday. we are assessing them and deciding it is unlikely that we will see a fed rate hike in june and possibly not even in july. the money moving toward a september hike now, giving a boost to all the regions main equity markets. have a look at the best-performing indices on the stoxx 600. crude oil trading at its highs level since july, giving a boost to energy stocks. autos, chemicals, and banks rising today. sterling had a big spike at 5:00 a.m. earlier london time, a 1.5% spike. many said it could of been a fat finger. let's have a look at the currencies and the bonds as well because sterling is rising today. at one point yesterday, it fell by 1.1%. the biggest drop since yesterday after various camps showed the lead ahead. a couple of polls showing the remain camp ahead. of the german 10 year has dropped to a record low of 0.04 8%. the dow jones is that 18,000. all sorts of new levels being re

bloomberg's yvonne man about what yields to do. >> we are in very strong position. in the final stages of closing our deal to sell the global generics business. the theat is closed, proceeds will be spent about $10 million on a stock repurchase program. repayment, on debt that will leave us with cash flow of about $20 billion to invest for growth. guy: let's bring in patrick armstrong. you like u.s. pharma. andou like global pharma u.s. pharma? attracted tore telecoms because of the u.s. exposure. we talked about multinationals in europe getting a benefit from a weak currency. multinationals in the u.s. would get a headwind from the strong currency. we also like the biotech. guy: do you want to get more specialized? ubs has a high net worth individual fund. this is becoming more interesting. patrick: it is. there will be so many breakthroughs. over the long-term, they will grow at a faster rate. trading -- they are trading at a market multiple right now. patrick, what about the political risk in the united states? you have it clear and present in europe. what about

yvonne man joining us there.anese 10-year bond yields have fallen to a record low amid concerns about the outlook for the global economy. nejra cehic joins us with these details and others from the asian trading session. nejra: the risk sentiment we were seeing seems to have fallen back. we've got caution in the markets fueling demand for bonds globally. we've seen the japanese 10-year yield fall to a record low. this after we saw u.k. and german 10-year yields fall to lowe's yesterday. we are seeing this risk off sentiment inequity markets as well. looking at the msci asia-pacific index, that has all in the most -- has fallen the most in a month. we're seeing losses in japan. with that sentiment fueling demand for some of the safer havens, look at the dollar. bloomberg dollar spot index is up for a second day. it is still headed for a second straight weekly decline. we did see a pullback in the dollar after disappointing jobs data on friday. we are seeking gains over the past couple days. finally, i wanted to fo

here's yvonne man. yvonne: thanks, matt.p has agreed to merge its nordic unit to create leading offshore production an explanation companies. ld a 40% stake in the new company. the business will be renamed after bp. a whistleblower is helping the u.s. securities regulator in its investigation of deutsche bank according to people with knowledge of the situation. they say the sec received --ider information alleging the bank has declined to comment but referred to a statement given to bloomberg last month that said it is cooperating. owed that customers will be able to book rides in advance. the new feature is being booked in seattle at first. the biggest u.s. rival, l yft, started testing a similar feature. ceo once dismissed the idea of booking a car in advance. guy: thank you very much indeed. asnd volatility is spiking investors seek shelter from a potential brexit. expectations for price swings have climbed and are at their highest since the global financial crisis. you can see that spike on the right hand side of your ch

man among those confirm dead. the other victims confirmed killed so far. are edward sotomayor, stanley the third, luis ocasio-capo, eric yvonne ortiz, peter gonzales cruise and louis elma. authorities have yet to identifies dozens. . >>> hours families and friends have been desperately trying to reach their loved ones. >> we couldn't even imagine. i tell you, it is an ordeal that you would wish on nobody. praying for the best, interfering to interfering for worst simply not knowing what has become of your loved ones. a few received good news. ruby rushed to orlando to bring her brother home. >> he was hiding. that's all he told me. later on he was able to call me back. . >> others haven't been as fortunate to hear from their loved ones. >> we haven't heard anything from my son at all. there's bodies that are left at the club that haven't been identified yet. my son is a good human being. he's just -- this is so unnecessary. >> she knew her son christopher was going to pulse but hasn't heard from him since. >> i've been here since 4:00 this morning. trying to get find out what's wrong with my son, where he is. >> christine and

yvonne brown 29. christopher joseph santa 24. >>the uncut deirdre dayton 22. eddie dion cut justice 33. >>geraldo a man is 25 alberto silverman and as 25. >>jean carlos mendez perez 35. gerald arthur wright 31. joe rayon p-32? jonathan antonio vega 24, >>chavez martinez 25, [inaudible]27,juan ramon guerrero 22 and 32. >>louisa marr, 37. martin bonitas torres 33, [inaudible] 30. >> paul terrel henry 41, peter gonzalez cruise >>this legislation inspired by our civil grand jury and the ethics commission and by doing so would inspire the tax patent dollars and the collective confidence of our taxpaying government. the city employees failing to employee their duties and the gross waste of city resources in the city's conflict of interest in ethics and lobbying and campaign laws have been violated in these activities need to come to light. the person reporting them should not suffer retaliation for doing so. our laws should encourage people to report such abuse and protect them while they do. unfortunately, and it is in its 2015 reports the san francisco protection ordinance is in need of change. the city gr

yvonne brown 29. christopher joseph santa 24. >>the uncut deirdre dayton 22. eddie dion cut justice 33. >>geraldo a man is 25 alberto silverman and as 25. >>jean carlos mendez perez 35. gerald arthur wright 31. joe rayon p-32? jonathan antonio vega 24, >>chavez martinez 25, [inaudible]27,juan ramon guerrero 22 and 32. >>louisa marr, 37. martin bonitas torres 33, [inaudible] 30. >> paul terrel henry 41, peter gonzalez cruise >>this legislation inspired by our civil grand jury and the ethics commission and by doing so would inspire the tax patent dollars and the collective confidence of our taxpaying government. the city employees failing to employee their duties and the gross waste of city resources in the city's conflict of interest in ethics and lobbying and campaign laws have been violated in these activities need to come to light. the person reporting them should not suffer retaliation for doing so. our laws should encourage people to report such abuse and protect them while they do. unfortunately, and it is in its 2015 reports the san francisco protection ordinance is in need of change. the city gr

man, you are asked to call philadelphia police. >>> a philadelphia lawyer is being charged for allegedly a attacking a woman the star burst. yvonneturned herself in. she's accused of throwing coffee on another woman then punching pushing and pulling her hair. a witness who saw all of this unfold ended up intervening. >> a driver was hurt this morning after losing control and flipping their car. this was the scene along northbound lincoln drive near gypsy lane around 6:00 a.m. officials say the suv went through a guardrail and landed in a wooded area. the driver's injuries were minor. no word yet on exactly what caused this crash. >> maybe it's because it's friday but it's one of those days that you are just so tired because of the weather. >> right. it's kind of dreary. this morning it was really rainy and we had a half inch to three-quarters of an inch especially west of philadelphia this morning but a lot of clouds this afternoon as we take a live look right now, sky6 over philadelphia international airport looks threatening out there but at the present time not much in the way of any showers on the radar. 74 degrees the air te

yvonne: the government has been een, bornd as omar mat in new york. those who knew him said he was a bodybuilder, security guard, and a religious man, and at one point,being a police officer. the fbi says he made a 911 call before the attack on the gay nightclub in orlando, in which he claimed allegiance to the so-called islamic state. the bureau'sme to attention in 2013 when he allegedly made comments to coworkers about links to terrorist groups. the following year, he was investigated for ties to an american who became a suicide bomber in syria, but nothing incriminating was found either time. , heite officials' suspicion was able to buy guns last week and has worked as a security guard since 2007. in a statement, the company said it is fully cooperating with law enforcement authorities, and thoughts and prayers are with the family, friends affected by this unspeakable tragedy. rish: the presidential candidates have been responding to the killings. what have they been saying? donald trump and hillary clinton. yvonne: donald called this the worst attack in the u.s. since 9/11 and said president obama said -- should resign because he "disgraceful he

yvonne brown 29. christopher joseph santa 24. >>the uncut deirdre dayton 22. eddie dion cut justice 33. >>geraldo a man is 25 alberto silverman and as 25. >>jean carlos mendez perez 35. gerald arthur wright 31. joe rayon p-32? jonathan antonio vega 24, >>chavez martinez 25, [inaudible]27,juan ramon guerrero 22 and 32. >>louisa marr, 37. martin bonitas torres 33, [inaudible] 30. >> paul terrel henry 41, peter gonzalez cruise >>this legislation inspired by our civil grand jury and the ethics commission and by doing so would inspire the tax patent dollars and the collective confidence of our taxpaying government. the city employees failing to employee their duties and the gross waste of city resources in the city's conflict of interest in ethics and lobbying and campaign laws have been violated in these activities need to come to light. the person reporting them should not suffer retaliation for doing so. our laws should encourage people to report such abuse and protect them while they do. unfortunately, and it is in its 2015 reports the san francisco protection ordinance is in need of change. the city gr