paul allen of the seattle seahawks. how he wants to turn seattle into one of the world's from your art destinations. ♪ betty: welcome back. i'm betty liu. let's get to julie hyman for the big stories on the market today as we are waiting for the fed's statements. julie: we will see if there are fireworks from it. we have risen to the highs of this session. a lot of what we are seeing is earnings driven. we haveinteresting is accelerated gains throughout the day and broadened gains. utilities is the only group that is lower right now. consumer services, materials, long list of groups leading the game. there is also oil and gas which is up about or tenths of 1%. -- 4/10 of 1%. the inventories number showed a drawdown in inventories. that shrinking of supply we saw a movement upward in the price. if you look at some of the movers within that industry, anadarko petroleum posted earnings as rising today. pioneer natural, some of these names that have been beat up, particularly offshore drillers are recovering today. the fe

paul allen joining us live from sydney. thank you. you down a number of big-name banks under investigation in brazil. find out why when we return.

paul allen. multibillionaire. jeff bezos. multibillionaire. larry page. multibillionaire. elon musk. >> elon musks, the jeff bezos, the paul allens, myself diamandis, all of us who are in this cause right now, i believe, come from a place of hope and possibility. >> rick tumlinson is the ceo of deep space industries, one of two asteroid mining companies in the us. >> several of us were sitting in the room, it was about 1986 1987. we pledged our lives and fortunes to making the human breakout into space happen in our lifetimes. we called it the benevolent conspiracy. well, that same group of people are still involved today and we're making it happen. >> what will tomorrow look like? our world is at our limits at yet we all want more. and why not? why shouldn't the future be better than today? >> but he prime directive of all these companies that you name seems to be profits. but the way you speak about it is like this... >> no buck, no buck rogers. nobody stays until somebody pays. it can be you the taxpayer, and that's wonderful, thank you very much. but the day that you g

rishaad: thanks, paul. paul allen with us in sydney. let's check on some stories we are following today. in japan, toshiba will appraise -- replaces entire car endboard. they want to replace all the toectors, and are expected try to turn it around. they said they're betrayed their status as a leading company. shares. in the most since 2008. down about 15%. they missed projections by more than 6%. it does provide its main source of revenue, robin lee is trying to restructure the business and put more focus on mobile. profits urging the most in three years. the fashion and leather sales side of the business jumping 15%. to what is been going on in china because u.s. and europe have helped them there. sales also rebounded, u.s. improving hennessy for weakness in, you guessed it, china. cabinet ministers are's criticized him over that investment. denies the allegations made its way into his personal account. yet another twist in this saga. >> yes. another twist. alivea strategy to stay on the part of the prime minister. said he himself has

we can find out more from paul allen. it appears to be part of a plane wing. paul: that's right. australian investigators think we could have a warrant and 24 hours if this is a piece of the missing flight. it is certainly the most encouraging lead in the search since the plane disappeared 16 months ago. this appears to be part of a weighing just over three meters long -- wing just over three meters long. airbus went down back in 2009. sevenis a boeing triple and is heavy serial number on it -- it does have a serial number on it. say that ifearches it does turn out to be the plane, it could are drifted far. the transfer minister agrees that if it is identified as the plane it would be consistent with the modeling that it did go down somewhere in the southern indian ocean. that is where the australian research has been taking place. and want up investigators pinpoint the cause of the crash, but at least it would give some closure to the friends and relatives of those who lost people on board that plane that it did indeed crash. as for the reasons, those are still under speculation

angie: paul allen, thanks for that. coming up next, greek banks are set to reopen with capital controls still in place. we will talk about that and a lot more when "asia edge" returns. ♪ angie: some of the stories making headlines around the world. rishaad: participants have been arrested in havana ahead of the reopening of the u.s. embassy. this group of rivals supporting the government of raul castro. it will be the first american diplomatic presence in a van in 54 years. -- in havana in 54 years. angie: sepp blatter will lay out his reform plans later today. he also announced a date for the election of his successor. meanwhile former vice president jeffrey webb has pleaded not guilty to corruption charges in new york. he was released on bond and will live under house arrest. he was one of seven officials indicted for bribery in fifa. rishaad: and a pro surfer survived a terrifying encounter with a sharp. mick fanning was competing in the finals on south africa's eastern cape when he was not from his board. he was a

angie: paul allen, thanks for that. the recent earthquake in the markets in china has sent tremors through corporate earnings around the world. companies selling things like fried chicken, trenchcoats, iron ore, and cognac have taken a hit. is here with details and the aftershocks of china's meltdown. yvonne: looks like it could be felt for a couple weeks as we see the biggest brands report earnings for the second order. for the past decade, china has been one of the biggest markets for these products, including cars, luxury goods, and raw materials. this could be a welcome sign for many of these companies when we see markets like brazil and russia not picking up the slack. talking about some of these conference calls and ceo's tired of being blamed for the slump in profits. y, sharesc maker rem dropping the most in and let them months -- 11 months. china wholesalers are holding back on car net orders, so they saw a slump. you can see the demand for drinks, wallets, down after this anti-corruption campaign. let's talk a

let's get over to paul allen. collecting dairy prices at the moment helping to force the governor's hand. what did he have to say about it? well, it seems it is very unlikely he's done. he said this decision was warranted and the softening economic outlook and low inflation. we will deal with inflation first. it has been sitting below the 2% midpoint for about four years now. he is very keen to stimulate a little inflation. as far as going goes -- growth goes, it is not what new zealand has been used to more recently. theam wheeler saying outlook is softer since the june statement, when they also cut rates by a quarter of a percentage point. milk prices have been falling steadily and dairy exports are critical to new zealand's economy. there is a widely expected decision to cut rates. the new zealand dollar however rising on the news. possibly because it was so widely expected. also, it was something they didn't say. it has taken out language referring to the new zealand dollar and replacing it with, appreciation

paul allen out of sydney. 1/5 ofland equities down 1%. the new england spot continues to strengthen on the eve of that news, easing to 3%. we are also coming down the australia, japan, and korea. let's head to japan. 1%.nikkei closed last down futures were pointing to a higher open. this is despite weakness on wall street, but we are expecting trade data coming out of japan this hour. going in right now is weakening, so that will probably help exporters -- 123.99. the losses continue to deepen investors at the exits. more cut are staring at losses. losses.ng at david is here. : midweek there was a bit of a positive, and overnight into this morning, more price the client. -- declined. in fact, the world bank just came out with their quarterly. 70 pages. i'm not going to go through each one, but it lists all the reasons why we should be getting out of commodities. price the kleins is what they are saying. what theyeclines is are saying. let's take a look at energy contracts. nymex below 50 bucks. we are approaching a mayor market, by the wa

paul allen, bloomberg. yvonne: in other news first the financial times, now pearson is selling the economist. the magazine was not included in last week's sale of the ft. it appears it is now disposing of its holdings. it continues its transformation into an education company. the company is valued at about $620 million. pearson's stake in book publisher penguin random house may also be up for sale. the chrysler is to buy back about 300,000 ram pickups as part of a deal with u.s. regulators on recalls. it is paying $105 million in what is the largest penalty ever imposed by the agency, topping hondas $70 million fine last year. the at chrysler recalled 1.7 million before a steering and airbag problem. documents show a litany of recall problems dating back to 2011. real madrid is the latest soccer club hoping to raise its game in asia. it is opening an online store on alibaba selling club merchandise including official uniforms and memory billion. it is the first deal of its kind. it gives real madrid access

yvonne: paul allen live from sydney. let's go to some more breaking news out of singapore. earnings coming out from the second quarter, net income 762 million singapore dollars. that is a miss from the estimate. they were expecting 831 million singapore dollars. also, the income lower at 156 million singapore dollars area the second quarter total expenses increased 11% from a year ago. we will have more on that later on as well. let's check in with some of the stories making headlines around the world. greek prime minister has called the referendum within his party to consolidate his position. members will be asked if they accept his plans. it will improve tax rises and budget cuts. rebels threatens to split the government and force elections. lawmakersuarter of refused to support tsipras this month. meanwhile, among those freed by a presidential pardon were a hundred 50 chinese look -- workers jailed for life for illegal logging. official list of prisoners, but they are said to include social activist and journalists. ministern prime attended the funeral of the former indi

. >> elon musk, the jeff basos, paul allens, myself, all of us in this cause right now, i believe come from a place of hope and possibility. while it may seem like a new context. it's not. n.a.s.a. hired companies. boeing was the lead contractor. so will more and more companies see dollar signs in the stars? >> the universe holds the answer. joining me now, n.a.s.a.'s john jenkins, the co-investigator for the mission. thanks so much for joining us. how big is the discovery of kepler 452b. >> well, thank you, i'm pleased to be here. it's a big discovery. and really big news. this planet is orbiting the star in an orbit that is the same size as earth, receiving the same amount of energy, a little more than earth, and is orbiting a star similar to the sun. in fact, this is the first discovery of a small planet that could be rocky. that's big news to all of us. is there any idea if there's life forms on the planet. indications of water or anything like that. will we be able to figure it out? >> the answer is no. we know the size, the energy that it's refusing. we know some things, but beyo

paul allen, bloomberg. rishaad: up next, the slump in giving big returns to india's biggest oil refiner. we will be live in mumbai to drill into the numbers. ♪ withad: you are back "trending business." i am rishaad salamat. alliance industries trading kicks off in india after a plunge in oil helped it hit a seven-year high. we are in mumbai for the details. good morning to you. >> good morning, rish. earnings season has been very mixed. in alliance coming industries. the numbers came in on friday, much in line with what industries were watching for. margins were one of the key factors that helped it get those record numbers, coming in at six-year highs. that is on a year on year basis. we are seeing robust demand growth and low energy cost. that is something we just talked about. the telecom business, we heard commentary on that during the company's meeting in june. that seems to have called investors nerves. the refining business is being seen as strong. it is also encouraging that organized retail has b

but as paul allen explains, it is attracting plenty of criticism. reporter: the setting looks idyllic. negotiations probably will not be. , the five years of talking u.s. hopes for a breakthrough this weekend in hawaii. the 12 countries involved are keenly focused on reaching an agreement on the transpacific partnership. of the is a crucial part ,.s.-china trade deal accounting for 40% of the world's economic output. >> it will open up markets that currently are not fully open to u.s. businesses. reporter: but there are sticking points, many of which have been causing concern for a long time. the united states is pressuring japan to open up its heavily protected agricultural market. its autohas predicted market will suffer to japanese made cars and trucks. there are concerns the deal was being done in secret. payments may be lengthened, which means for the general public, a longer wait for generic medicines. details are secret. defenders of the tpp negotiations say the text is not agreeable -- available because nothing has been agreed. once the text

paul allen. ryan: a busy day in greece -- the prime minister heads to the parliament to try and pass a second batch of measures required by greece's creditors. there is a lot of action in athens as the ecb gathers to discuss dla. we are joined by simon french. another thing the ecb is doing is preparing to send another team for this bailout to assess how well those greeks are implementing the reforms, the austerity that they promised. how do you reckon that will go down? simon: it will be very popular with the greek people. the greek prime minister spokesman said a deadline of the 20th of august, trying to have a technical team on the ground having gone back to the creditors with the recommendation. the reforms we expect to pass this evening and the third set of reforms sometime in early august to cover product markets labor markets, pension reform. some rather contentious structural reforms that strong economies are struggling to implement. we aren't out of the woods by any means. ryan: you guys

let's get over to paul allen in sydney. why the decline in production from rio tinto? that is not necessarily part of the plan, is it? guest: not part of the plan. the plan is to produce as much iron ore as possible. they had poor weather affecting shipments during the quarter. 79.9 million tons for the second quarter. over 81 been expecting million. what is of more interest at the open is downward revision of full-year. 43 million tons. last quarter, they were expecting 350 million tons. in terms of global production, barely a drop in the bucket. we can expect downward pressure to continue. should not matter too much to rio. they have a breakeven price of $30 per ton. these results go to the venture in mongolia. shares there are up 64%. pretty good results. angie: what about woodside petroleum? the just released disappointing numbers for the quarter. a few minutes before i sat down, production numbers came out, and they are not good. second-quarter revenue down 36%. $898 million production. production toin 20 million barrels of oil equivalent. a bit of a mess for wood

let's get over to paul allen in sydney for more. the government must be relieved with the decision? guest: certainly. reef tourism is worth $6 billion a year to the australian economy so definitely a relief and some satisfaction as well. i have invested $2 billion over a. -- over a period of years to reenact the actions from the unesco committee. it is worth pointing out that all of the problems that caused it to declined by 50% are still there. there are still issues with warming waters, bleaching the but, chloroform starfish, they are working to get it under control. satisfied with this decision from unesco. a german unesco delegate says the overall conditions remain poor and in five years time they will take a look to see whether it needs to go back on the endangered list. yvonne: the market can take a little credit. how much impact has the falling price of coal had on efforts to protect the reef? guest: if the coal stays in the ground that means the co2 doesn't stay in the atmosphere and the coal -- coral doesn't get breached. the higher price of coal means this area will not ge

and microsoft cofounder paul allen wants to bring the prestige of the art word to seattle. allen's investment company is coproducing the seattle art fair, which begins tomorrow. an estimated quarter billion dollars of contemporary art will be for sale. the event will attract wealthy entrepreneurs. those are your top stories. coming up in the next hour of the bloomberg "market day," nintendo posts its best quarter of sales since 2012. there's optimism about the future of super mario. he may make the leap from consult a tablet. we take a look at the process of growing strawberries. how driscoll's is creating the strawberry of the future today. find out whyl there's little excitement about the release of its windows operating system. windows 10 launches today. those stories and more all i had. olivia: the zero interest rate era in the u.s. is nearing an end. today's fed meeting could be the last where we know for sure the fed will do nothing. nobody is expecting a rate hike today. basically nobody. analysts say with near certainty that one is coming in the fall. we could hear

thank you so much for that, paul allen. let's turn to china. the property market their has been a long favorite. it was one of the few ways people could score high returns. theed the recent -- amidst recent stock working -- market -- 70 city showed rises declined. fewer cities are showing price declines. these are the main cities that they track. now just 33 have posted a decline. shanghai leading the rebound. we are seeing a property revival. the government in china has taken any pains to make sure the property market holds up despite the volatility that was in the stock market. wild swings. the trend is encouraging. this price rebound trend is solid. it is measurable. that is important. so many chinese have put so much of their savings into the property market. >> ok. thanks for that. coming up next, the gunners turned their sights on asia. we ask a ceo of the arsenal tactics for this part of the world. up."re watching "first ♪ angie: checking stories making headlines around the world. triggering a 60 day review and intense lobbying by advo

paul allen, and phil. paul? >> senator can i filibuster? okay. i got that. senator, four years ago your family played a big role in your campaign. you're a dad of seven. how have things changed in four years? is it easier, or hardier? how do you stay dad? >> yeah it's hard. i mean it's seven kids, going through those teenage years and everything. there's challenges out there. let's be honest with you. but, you know i feel -- first off, the biggest issue if you recall four years ago was our daughter bella. and the health problems that she had. i'm just -- we're just real excited she is doing better than she's ever done and has for about three years. after the campaign we realized we had to look at some things. because she was just getting -- there was a pattern of her getting sick very seriously sick, and she had had that pattern but it was getting worse. and so anyway, we dug into some things and we actually found a therapy that's just -- we wrote bout it in our book. it's not like it's not public. she takes something to boost her immune system. it's changed

. >> i and parker posey is telling us about her latest film "irrational man," drafted by woody allen. >> and we'll take a look at what's hot on screen with ryan reynolds and derek luke. >> as "made in hollywood" celebrates its 10th anniversary season. >> hi, i am paul rudd. >> i am amy schumer. >> i am bill hader. >> and we are from the cast of "trainwreck." and we are on "made in hollywood." >> "made in hollywood." >> "made in hollywood." >> you are watching "made in hollywood." ♪ made in hollywood ♪ ♪ >>> first up today the new move that i proves shrinking down to the size of an ant is the new super power. >> yes. and it's the kind of ability that you would want if you needed to pull off a heist in order to save the world, which is exactly what paul rudd's character is recruit today do in marvel's "ant-man." >> hi, i am paul rudd and welcome to "made in hollywood." here is a scene from "ant-man." ♪ ♪ >> imagine a soldier. the size of an insect. the ultimate secret weapon. ♪ >> it's everyone's dream to be if a marvel film. it's such a huge franchise now but someone called

for that lets bring in allen lockman, chief market strategist with bullseye option and paul chryst fer, head of international strategy at the first very is very simple. do you see further bearish momentum for the commodities complex from here? >> it's difficult to put all commodities together. obviously there are going to be commodities moving up as the momentum in the market goes down. there are going to be opportunities, but i think we're closer to a bottom here and if you remember, we had this conversation not long ago about crude oil and the cure for high prices in crude oil were higher prices because we're at increased production. the same things happen for the commodities, finite resources, production and explore will slow. that will make these more valuable because there will be less out there, but i think the main drivers are threefold. you're looking at the dollar. you've seen the dollar increase 20% in the last year. you're looking at china's gdp, still fantastic, still at 6%. we'll be happy to have gdp at 6%. >> slowing down but coming off a higher based on that. >> coming o

john paul directly challenged him to create better space for political pluralism and democracy. within a year after the pope's visit, strasner was gone. popes can make a difference. >> john allen, always good to see you, appreciate it. >> thanks, fred >>> in just a few hours, republican presidential candidate, donald trump will head to nevada and arizona. in vegas, he will speak at a libertarian conference and he will head to the phoenix convention center where he is expected to deliver remarks on immigration with phoenix sheriff, joe arpaio. he has made headlines in the past for his anti-immigration policies and rhetoric. this event was supposed to be in a smaller venue but was moved to a much larger setting. the convention center to accommodate what's expected to be a sizeable crowd. last night in los angeles, trump was greeted by protesters upset about his remarks about people crossing the border from mexico. trump also met with families there whose loved ones were killed by undocumented immigrants. trump continues to insist that he will connect with latino voters. >> when th

as we were saying to sign on to see a bradley cooper, paul rudd show i think more people will come on to that. >> by contrast, amazon has been trying to get into this original game for a long time. they signed woody allen and then in this interview with npr this week woody says "i think they're going to be embarrassed, they're going to regret that they started with me." what does the studio chief say about that? >> it's funny. woody, he signed this deal in january and feels like ever since he signed it he's been trying to get out of it, almost every interview done this year he talked about how almost unhappy he is. i wonder if he's trying to get amazon to pull the trigger because he doesn't want to step back himself. amazon we're talk about amazon because of this. they're giving him a lot of leeway whenever he's ready to do the series, they'll let him do it. they're not putting any limits on it. >> i assumed he was playing woody allen, in a woody allen movie. >> one would think. we know nothing about what the show issi ingoing to be. npr looking at six episodes, we have no idea, we ha