this is bloomberg. ♪ ♪ yvonne: "daybreak: asia this is "daybreak: asia -- this is "daybreak: asia." you are looking at a bit of sky here. let's talk airlines, because spring airlines is set to restore some flights from china to japan and south korea. the announcement comes as political tensions ease between china and its neighbors. yvonne: the deployment of the missile system seems to be the of contention. the ceo told tom mackenzie that giant airport being built in china will provide more spots for private carriers. fly more flights from japan, korea, and the southwest asia region. japan is most profitable. -- it is -- those countries are larger. we are still developing. we are looking for the new .resident tom: where is the competition coming from? itit high-speed rail? -- is high-speed rail? not direct from the airline, but from china we see lots of opportunity occupying probably 80%. important,na is very especially for the young generation who likes to use the online. think -- tom: how much of a challenge is getting new slots? >> a lot of airlines have no place to go. beijing ha

much more ahead on "daybreak: asia." this is bloomberg. ♪ betty: this is "daybreak: asia." yvonne: the european central bank has reiterated its bid for a euro clearing role in a post-brexit world. oversight is crucial to maintain the stability of the common currency. we spoke with chairman john mcfarlane, chairman of the -- group. >> i think the issue is a conflict between politics and the economics here. to my knowledge, nobody has asked for clearing to move from a business standpoint. it is faring -- working very efficiently. the transaction cost is across a business point something because the scale is so enormous. true, the aspect of that has to move into the eu. you lose the benefit. efficient. less up au then say, let's open multicurrency and the eu, but you keep the currency system in the u.k., which is much bigger, that would be more efficient but less efficient than it is today. you would be moving would be very difficult to be economic. i do not think it would work, aside from anything else. this is really political. >> does that explain what they are saying? a bi

plenty more to come on "daybreak: asia." this is bloomberg ♪ yvonne: this is "daybreak: asia ." kathleen: i'm kathleen hays in new york. yvonne: i'm yvonne man in hong kong. a quick check of the latest business flash headlines. japan's most popular messaging service topped estimates after handing office photo and camera business. vine's operating income soared $130 million in the three months through june, smashing forecast of $52 million thanks to the one time photo gain of $93 million. however, user growth has flagged as focus shifts to fight facebook's whatsapp and messenger. kathleen: the nintendo switch is becoming a money earner. profits topped estimates. operating profit was $145 million, beating forecasts of $95 million. currency gains helped to boost profit after the yen fell 10% against the euro. nintendo collected 25% of its revenue from europe. kicked offc has earnings season for singaporean banks. second-quarter income rose 22% to 796 u.s. dollars, 15% more than what analysts had been expecting. the companies saw growth in its management and insurance operations. oc

much more ahead on "bloomberg daybreak: asia." this is bloomberg. ♪ yvonne: this is "bloomberg daybreak: asia," i'm yvonne man in hong kong. betty: i'm that he really new york. let's get a check of business flash headlines. are sentiggest shivers to establish a new combined container operation after missing a july 1 target because of approval delays. all the necessary international permits have been obtained for the combination with another company. the venture will create the world's six largest carrier, set to launch in april. yvonne: japanese oil refiner aims to raise as much as 1.2 billion dollars from a share sale as early as july 12. it is facing opposition from the company's founding family, which has about 34% of the stock. if successful, they say would dilute the holding below the one third needed to block the merger. retailerxury goods showing thatsold, the chinese name doesn't have the cachet of a french or italian one. it has attack -- attracted stars like nicole kidman, but struggled to gain buyers. yvonne: in the n

plenty more to come on daybreak asia. this is bloomberg. ♪ yvonne: we are counting you down to asia's major market open this morning. japan futures up 70 point. looks to be the case for the rest of the region this morning after a dovish janet yellen --tified in bc overnight rushing to, bc overnight. betty: let's turn to private equity and the implication of high stock valuations. a guest says there are always opportunities in a changing world and that the internet is changing the game on an almost daily basis. >> private equity has to work harder. we have a lot of capabilities at bain capital. we are trying to do deals where we can transform will companies. people across1000 the world that can do that in an expert manner. companies can really transform and make companies better. we're proud of doing that. >> where do see opportunity -- that can be geography, or sector-wise? >> there is always opportunity where there is disruption. certainly in technology and health care, all sorts of things going on. it is astounding. b

this is bloomberg. ♪ >> this is daybreak asia. the latestcheck of business flash headlines at this hour. playing the first foray into wealth and asset management outside greater china next month when it's online financial division starts serving international clients. it will target global clients including chinese nationals with offshore assets. rather than residents of singapore. regulators have given in principle approval. >> against sr steele, it will proceed. it makes serious efforts to revive operations. it is trying to force bankruptcy proceeding after having more powers to resolve solid loans. >> uber will stop providing legaland come up with framework to resume operations in the future. it is pulling out of the gambling enclave for now because it can't guarantee a sustainable business environment. uber no longer operates in mainland china and faces resistance from tax associations in hong kong. >> netflix releasing second-quarter earnings after the bell. cory johnson breaks down netflix result. we see the regular market a

plenty more to come here on "daybreak asia." this is bloomberg. ♪ ♪ >> a quick check of the business flash headlines uber shareholders an early backer benchmark considering selling stock to softbank. 500 investorsed in the world's most bible startup. the fact that some backers want to reduce their stake suggests troubles have taken a toll. on theiba to hold off disposal of its flash memory chip unit until july 28. the sale is being contested by western digital. western digital is concerned chip technology will end up in the hands of competitors. mean china isions not buying north korean coal, but funds are still reaching pyongyang. we will find out why. this is bloomberg. ♪ ♪ >> 8:30 in singapore. openan hour away from the of trading there. >> you are watching "daybreak asia." >> breaking news out of quiteore, export figures, a sizable beat when you look at year on year figures for non-oil domestic exports, rising 8.2% for june. the estimate was 5%. forid see that falling 1.2% may, so trade signals seem to be turning aro

half an hour away from the open of trading. >> you are watching "daybreak asia" this is "daybreak asia." let's get to first word news. >> japan's factory output rebounded in june as global demand continue to support economic recovery. increased production 1.6% from may when it fell 3.6%. year on year production was up almost 5%. global demand and a weak yen have helped exporters deliver five consecutive quarters of expansion, the longest run in a decade. the u.s. military has staged a show of force and korea, sending the one bombers across the country. they flew in from qualm in response to the latest missile launch by north korea. kim jong-un said this second icbm means the whole continental u.s. is within reach. russia says it is concerned about the launch and is ready to back new measures against pyongyang. russia has told the u.s. to reduce the number of embassy and consular staff by 755 people by september 1 following the new sanctions agreed by congress. that would be more than half of the personnel and would lower the total to 450 five, the same number russia has in the u.s.. pr

much more ahead on "daybreak asia." this is bloomberg. ♪ yvonne: let's do a quick check of the latest business headlines. what cap has been blocked in china as a censorship drive by the government. applicationsher and reported outages in beijing. authorities of crackdown. china has been ramp -- ramping up control of social media ahead of the meeting this year. betty: toshiba surged the most in five months after that -- david i darden reported a position they took on expectations the company will close at $20 billion deal for its flash memory chip unit. shares have slumped since the middle of june when uncertainty grew over toshiba. yvonne: a revised bid for arrival indian etailer. is $100 million more than before. it is to have a stronger competitive -- domestic competitor to amazon. china's crackdown on risk. how beijing's latest push is rippling through the economy and possibly the world. this is bloomberg. ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of f

you are watching "daybreak: asia." shipments were up 19.5% from a year ago against expectations of 16%. surplus. they narrowly beat estimates from july. rising 2.5%. china could be raising the heat tocompanies by asking anbang sell its assets abroad. they want to bring the proceeds back home. anbang responded saying a currently has no plans to sell assets and that operations are normal. the leader of new zealand's opposition party has stepped down nelson -- less than two months from an election. 24% at thel to weekend, almost half the backing for the government -- governing national party. flame can applicants to get to the 2024 and 2028 games. l.a. mayor said it is a landmark agreement which will kickstart his drive to make the city the healthiest in america. the 2028 proposal will now go before city council and the u.s. olympic committee later. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. 10 to see how the asian markets are shaping up so

yvonne: that is almost it from us on "daybreak asia." here is what is coming up next few hours on bloomberg markets. we are just minutes away from hearing from south korea. david: it is the five-year plan. we are set to get that in four minutes. when it does come out we will be fleshing out the details. plus, we will be having a guest to flesh out what this means. there are short-term challenges, but bigger problems i heard a few minutes ago -- things like demographics. they are in a sweet spot right now. ofy are at greater risk certainly when it comes to trade. they get a lot out of that as well. which way can it be tilted at the moment? the bond market is saying the next move will be a hike. that is a story we are hearing. we are joined by the credit suisse head at 10:10 hong kong time. yvonne: someone was saying this budget does not solve the problem when it comes to youth unemployment. there's still need to be structural reforms that take place in your it the rate hike is not until 2018. david: yes, we have to wait. and of course ind

this is bloomberg. ♪ >> this is daybreak asia. i'm betty liu. >> as we have been talking all morning, talks between the world's biggest economies make a rocky start, wilbur ross upgrading china over the trade imbalance. there is warning of a trade war. no one would win in that situation. >> it is important the u.s. stake out its position in terms of specific types of products or services that are now closed to u.s. companies, and how they need to be opened up. the united states needs to press china for a timetable and commitment. a measurable commitment to opening up so many sectors of the chinese economy that are closed to u.s. participation. number oneerica's export destination. tradeexports, and two-way , support and create millions of jobs here in america and millions of jobs in china. the more we can sell our services to china the more jobs we create at home. -- needsso many needs and demands of the chinese consumer. these are the win-win propositions we need to keep pushing. >> what is the most successful way to push those s

. ♪ yvonne: this is "daybreak asia." trouble,india are in distressed assets among the economies,a major and signs things are only getting worse. this is btv 5692. about china's nonperforming loans. this is india's bad loan ratio. it is quadrupled the size of china. one big issue is what can we expect coming from the government. capitalscuss that with economics asia live from singapore. great to talk to you. this is in the midst of what we have learned about the government giving the r.b.i. more power to tackle this bad debt issue and this new bankruptcy law that passed last year. is there a sense now the measures are different than in the past, measures that have largely failed? >> possibly. there has been signs that the rbi and government are realizing the scale of the problem they have. the banks ignores the scale of that bad debt problem. is already 8% of loans in india's banking system, which is incredibly high by emerging-market standards. tests pipeline, stress another 8%, so it is a real problem. there are a few s

plenty more still to come on daybreak asia. this is bloomberg. ♪ yvonne: a quick check of the latest business flash headlines. physiciansdding 250 over the next three years to boost investment banking and make up for slumping loan profitability at home. the bank will raise headcount at bcs smb see security -- sm security unit. they are diversifying operations as record low interest rates per earnings. betty: best buy dropping the most in more than a year after amazon introduced a service that threatened it geek squad business. amazon smart home services is designed to help customers configure their internet-connected product. services account for 5% of revenue at best buy, which requires geeksquad. shares have been up. german prosecutors are escalating an investigation into over half ofche these old emissions cheating. they are looking into the role of unnamed employees at the porsche market in germany and the u.s. there are diesel fraud investigations into other german aids. other german companies. this is bloomb anchor: it

this is david -- this is "daybreak asia." let's return to one of the top stories we are following this morning. the g 20 summit over the weekend in germany, and hamburg. i want to bring in kyle wilson, developing -- the visiting fellow australian national university who specializes in russia and china relations. -- from us from camera canberra. we saw this all-important meeting between president trump and president putin. on to play for our viewers some comments that russian president vladimir putin said over the 20.kend from the g >> as for personal relations, i think we have established them. i don't know how this sounds, but the way i see trump on tv is very different from the real person. he is absolutely straightforward. he perceives in an adequate manner, adequate height -- analyzes and answers questions quite quickly. betty: pretty fawning words on both sides from the russian president and from president trump. what did you make of this meeting, this over to hour-long meeting between the two? what might come out of tha

this is daybreak asia. i am betty liu in new york where it is just after 7:00 p.m. >> it is just after 7:00 a.m. in hong kong. i am yvonne man. misslk about mrs. today -- es today in earnings. south korea coming in negative at 3% drawdown or the month of june. the estimate was for quite a sizable uptick at 1.1%. also not looking great. we are seeing it down .2%. economists were expecting a 1.6% spread. we did talk about gdp yesterday, which did slow down from the spread we have seen in the first quarter. we will continue to watch how this ways out in korea in just about an hour's time when they inct -- plays out in korea just about an hour's time when they react. tech has a lot to the downside. day loucheave had a of earnings. we are going to amazon in a moment. eluge of earnings. we are going to amazon and a moment. we will have retail sales as well as inflation giving more clues. the fed seems to be on hold with rates. what is the boj going to do? it looks as if the ecb and others are on a tightening tren

plenty more still to, on "daybreak asia." this is bloomberg. ♪ betty: this is "daybreak asia." yvonne: a quick check of the headlines. and company set to 15 $.7 billion for a majority stake in $34 billion of real estate inherited when it bought banco popular. they assembled a group of companies to bid for 51% of the assets by the end of the month. they will manage the holdings with the winner. betty: a chinese company has tried to reassure investors after a rout in shares of the companies. on -- a pair companies slumped in hong kong after said operations were normal. . is cuttingsoundcloud 40% of staff. it will help it compete with spotify and apple. in january, the digital service warned it was at risk of running out of money. offices in san francisco and london will be shut. operations will be consolidated in berlin and new york. 75ndcloud claims one of million -- 175 million regular listeners. betty: an airline scrapped orders. it had 80 orders before the cancellation. it failed to meet its exacting standards. it is grappling with the demand imposedel and airspace by the sau

you "daybreak asia" are watching "daybreak asia". let's get to first word news now. willind: philip hammond say later the government is changing its tune on brexit and use a speech to business leaders are adopting as realistic tone following the snap elections. splitns about an abrupt from europe were not be discussed. iran will sign a deal on monday to develop the roads biggest gas field in collaboration with total and china international petroleum. 51.1%, whilentrol see in pc will also have an interest, and iran, 19.9%. the trump administration is considering separating the repeal and replace component of abolishing obamacare. white house says the president wants to pass the deal soon. toldweek, mitch mcconnell the senate health care bill from consideration, facing opposition . revenue in macau missed estimates last month's concerns grow about tighter gambling regulations. it follows an 11th straight month of increasing revenue. wereer, median estimates for a 30% rise. almost 30%ks rallied this year through friday. the launch of the latest bess x mission has been a

you are watching "daybreak asia ." senateamatic day in the saw mike pence cast a tie-break vote to allow debate on health care legislation to proceed. however, it is still not certain if it will go to a vote. senator john mccain returned to apply both sides -- to applause by both sides. he said he will not support the latest version of the republican bill. taking a greater role in financial regulation. they will step up supervision of institutions, a job that previously fell to the china banking administration. the bank also says it will pursue monetary policies to keep money growing at an appropriate pace. the two new boj board members say it is too early to talk about the program because inflation remains far below target. replaced board members who lost faith in governor kuroda's strategy. they underlined the view that japan may be behind its peers in unwinding stimulus. raise three point $5 billion in its first visit to the international bond market in more than three years. they are trying to move on from a debt c

and that is it from us on daybreak asia. a look at what is coming up the next few hours here on bloomberg markets. janet yellen lost testimony will be front and center. tough questions on the balance sheet of asset prices. where she is going to be february 2018. to be determined. >> and of course, he is a favorite of donald trump. a bit murky, belonging to tell is about what his thoughts were and what janet yellen might say here as well. again, we are to be pondering over every single word. we will just leave it at that. tbs may be increasing to rein in the risk considering the key role in court mating oversight. and on top of that, -- [indiscernible] a lot of excitement with the go daddy ceo. >> [indiscernible] to come right here on daybreak asia. for market coverage with myself and heidi on the way. ♪ ♪ it is 9:00 a.m. in hong kong. i might learned. rishaad: this is for bloomberg subscribers only. check it out at tv . coming to you from bloomberg's asia headquarters in hong kong. rishaad: i am rishaad salamat comin

you are watching "daybreak asia." goalnet yellen says trumps of 3% goal is admirable that difficult to achieve. on capitol hill she said productivity growth is hard to find. she also said that despite improved regulation and oversight, the dangers of another financial crisis remain. we have greatly increased over monitoring of the financial system. confident that there will not be another financial crisis. >> steelmaking stocks heading for their best we can four months. president trump repeated his promised to crack down on dumping by foreign competitors. tariffsid he may impose or quotas or both canada and china have been bracing for whether steel imports threatened national security. theresa may has announced her brexit strategy sparking fury from both scotland and wales and fueling speculation that opposition could derail her plans. the bill will transfer eu laws in 2000 19. scholar and in wales say it does not give them sufficient hours and they are threatening to block legislation. that.k. hasn't knowledged it wi

this is "daybreak asia"

plenty more ahead on "daybreak: asia." this is bloomberg. ♪ ♪ betty: north korea raising the stakes, confirming the lot -- missile launch was indeed an icbm. tonne: pyongyang said it was america on independence day and that there will be more to come. back, washington firing ordering joint ballistic missile drills. yvonne: while russia and china city will collaborate on the crisis, --

this is bloomberg. ♪ betty: this is "daybreak asia," i am betty liu in new york. yvonne: i am yvonne in hong kong. japan retailers kicking off the earnings season. spending, check out the bloomberg terminal. it continues to be quite muted. wheree 15 straight months we had negative numbers for household spending. weight is continue to stagnate, leaving inflation well below the target.bank's joining us to discuss the mood of the japanese consumer is the chief economist at japan macro advisors, joining us live from tokyo this morning. great to see you. we are expecting a jump in sales for the japanese retailers. how can we understand in terms of the state of play and the help -- health of the japanese consumer at the moment? >> the direction of earnings would differ, depending on the countries. japanese consumption as a whole should be on the uptick. risen, buthave not it is at a 20 years low. people are no longer losing jobs, the nikkei has recovered 20,000. when you look at the fundamentals, it is not too bright. but things are getting better for japanese household

betty and yvonne are up next with daybreak osha -- asia. we are counting down portions of the summit in hamburg for the g-20 as they meet. it will be one of the most contentious meetings among the g-20 nations after president trump sidelined himself from the rest of the g7 a few weeks ago. they are focusing on north korea as well. president xi and president abe will talk with trump is worth asian tensions rise. betty: also we will get more on the tankan survery affecting the quarter, out in less than an hour's time from now. has beenee what happening with the manufacturing and nonmanufacturing sectors. also the acute labor shortage and what that means for wages. haidi: we are watching the bond connecting to hong kong and china. we will speak to someone from whoooo. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if there was a single site where you could find the right hotel for you at the best price? there is. because tripadvisor now compares prices from over 200 booking sites...

. ♪ withad: you are back "daybreak asia". i am rishaad salamat in hong kong. haidi: warren buffett said to be trying for a utility takeover in taxes -- texas. nearing says it is cor, makinge of on berkshire the third company facing regulators. rishaad: united health group and this that equity partners attempting to acquire an advisory board, saying united health would acquire advisory boards health care division and education business. advisory board is based in washington. them jumping on her report, closing at the highest level since december of 2015. 40% ofsoundcloud cutting its staff and a cost-cutting move that will help it compete with spotify and apple. the digital service warned it was at risk of running out of money and is now being -- willng staff that they close offices in san francisco and london with operations consolidated in berlin and new york. soundcloud claims about 170 million regular listeners. for what somerg are saying could be one of the most contentious if not the contentious g-20 meeting ever held. divisions on climate change, antipath

yvonne and betty are up with daybreak asia next, for the next couple of hours. i want to get a preview of the data we are expecting in emoji. this is the world we live in now. yvonne: not much of a measure for that for me, but a lot of data, china pmi. and japan's production in the next couple of minutes or so. we will see a rebound from month of june as we saw the slump in may. we have the first part of june, company production plans saw that bounce back as well, actual output. we will see how that plays. let's start with demand in europe. that should be helping japan in terms of supporting production exports. betty: a lot of data to come, and we have japan. earnings. bankina -- have japan earnings. in china, we have the pmi, the manufacturing and services numbers. that will keep our polls on where the china -- pulse on where the china economy is going for the second half of the year. we have the china economist in just the next hour. haidi: it will be very interesting when it comes to the bull market because we do have potentially signaling when the treasury m

for the next couple of hours, "daybreak: asia." we will continue to look at the electionsom the tokyo and the increasing number of scandals engulfing the abe administration. mind that he is not in any immediate threat in terms of losing his job. what is next in terms of damage control leading up to this national election next year? there has been talk about unpopular policies, including revising the pacifist constitution. also, maybe another delay in the sales tax hike. betty: we are going to talk to david could love, the mainstay capital advisor right here in this country. he is going to weigh in on the foreign investors' view on japan. obviously, the tech selloff that we have seen and also commodities. we are going to continue to look at the outlook when it comes to the market. a lot has been happening in terms of the market. whoooo. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if there was a single site where you could find the right hotel for you at the best price?

the bloombergning daybreak: asia on london dab digital radio. looking forward to that conversation. let's find out what is happening. nejra: interesting movers today, starting with a be foods -- ab foods, group revenue for 14 weeks ahead of the year on year. the have seen the stock rising the most since november 2016, hitting the highest since september of last year. about 4.5% at the moment. one of the biggest gains on the stoxx 600. on the downside, the french catering company sodexo. since brexit.st this after the french caterer cut its target for revenue growth. it has done that for the second time this year on weakness in its businesses serving north american universities and health care clients. they did maintain their lack -- outlook for an increase in operating profit from 8% to 9%, but we are seeing that stock react negatively to the cut to the sales outlook. reckitt down almost .2 -- two point 5%. -- 2.5%. a cyber attack disrupted manufacturing and distribution. it wasn't the only company to be affected. fedex was also affected. want toitt beckiser was feel the financial e

that is it for daybreak. qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq ♪ asia-pacific markets expected to open stronger, building on new highs in new york. there is the feeling new data from china will show the economy holding steady. >> that's right. they banks kick off earnings season. j.p. morgan trading revenues the kleins, declined, but profits as well. >>

. >> this is daybreak australia. we are hours away from asia's first major market. liu, over the next hour we are going to be looking at how the action in wall street and england are going to be playing. i know we are talking about the results. in the meantime we are going to andocused on the markets whether the bond rout is going to continue into this week. it doesn't look like that is happening in the stock market. they got a pretty good jobs report. near the high have a session of 94 points. place up aboutin 1%. the testimony from janet yellen will be wednesday, she giving her midyear outlook on the economy and we are going to see what she has to say about interest rate hikes or balance sheets. investors are going to be looking at what had last week, this shift of monetary policy expectations, whether that was a blip or proper readjustment. a u.s. starter culminating in invalidate the feds inflation expectations as we go forward. we are going to pick up on wall street. stocks trading flat at the moment. strength against the greenback. opene seeing a positive when

. ♪ ♪ alix: this is bloomberg daybreak: asia taylor: coming up in the next hour, stephen -- tors cio. this is bloomberg. not year bloomberg business flash. uber hoping to name a new ceo by september, looking at six candidates. among the candidates, -- whitman, said to have been meeting with the leadership in recent weeks. and mercedes-benz looking at separation of businesses that could pave the way for future spinoffs. the company has been looking for the unit to become more nimble for growth. one of the biggest data breaches in europe, italy's unicredit saying hackers accessed bank accounts. the great has occurred twice, as recently as this month. they were able to obtain customer data relating to personal loans. that is your bloomberg business flash. jonathan: how much money have the banks spent on protecting themselves from that happening. david: not a good headline. jonathan: not a good headline. big stories about the hackings over the last 12 months, hitting sector after sector. every expert that came on said it was because financials have spent so much money protecting themselve

anna: stocks rise in asia. ♪ anna: welcome to bloomberg daybreak: europe everybody. i'm anna edwards. manus: and i'm manus cranny. we have a little bit of tpi data from china, 5.5%, all find in the middle of the road. janet yellen's speech to congress this week and the bank of canada might raise rates for the first time in seven years. this is how the futures look. strong equity market batting away the discomfort of g-20. that's the message i take from this market this morning. they are batting for weight geopolitics. anna: not focusing on a lack of progress with north korea. the risk radar, we will show you what we see. that chinese data you pointed to could paint a picture of an upbeat global economy if that is what you are looking for. 2/10 of as is up percent. stocks, lots of jobs, wages looking soft. janet yellen speaks later on this. let's have a look at dollar-yen. nigeria, could it be cap's are introduced on african producers? they rose by 12%, but not be misguided by that. that's the cutting of the short positions. you are seeing kuroda come back out and say

let's not dwell in asia, let's get that to europe. bayer has been in the headlines, second-quarter sales up 12 $.19 billion in terms of sales for the second order. at three point zero $6 billion. the forecast for the crop unit in brazil, there was a big stockpile there. three different parts of this this. terms of sales, that's a nice beat for the second order. i love what are the analyst wrote down, best forgotten after the profit warning. that's the top line from bayer. they still on 45%. a few more results but we will have a conversation with ceo at a: 30 u.k. time. anna: let's talk about french earnings, dan and reporting. concerning the 2017 guidance, performance in line with dues at they were -- returning to the first half of 2017. with sales to generating. they bought right way, saying it allows them to increase their guidance. are watching out for underlying sluggishness in the over market in europe. getting numbers coming through from the french market. adjustedcond quarter ebitda, keeping the policy of selective acquisitions

maybe in contrast to asia, but a mixed picture. german bunds pretty unchanged this hour and the market in to buy, a snapshot of that market. in terms of the middle east dfmy, a bit weaker on the general. alphabet shares fell after second-quarter results highlighted the company costs are rising as it spends more to expand googles newer fastest growing advertising businesses. 29 company reported sales of $.2 billion, in line with analysts and senses forecast but below more bullish expectations. profit was hammered by a record .ntitrust fine from the eu carlyle group seeking $15 million or its u.s. fun for the largest pool folk just on buyouts in the region. firm's seventh for the u.s., is part of ambitions to raise $100 billion by 2019. a spokesman declined to comment. a probe by the u.k.'s serious fraud office by dealings in guinea. an investigation was started in the payments relating into $20 million project in the african nation. the company said it will cooperate and any other relevant authorities. that is your bloomberg busines