but toshiba's joint westinghouse in the us. but toshiba'sjoint venture partner, western digital, is not happy about this, filing a new legal challenge asking for arbitration. they were tipped as favourite to buy the business as recently as this week. it has taken recent action against toshiba saying it cannot take the action without their consent. so far, they are the winners, but western digital are filing an arbitration case. it is not over until the fat lady sings. the plot thickens. let's turn to canada now, because prime ministerjustin trudeau is celebrating a massive free trade deal with the european union, which finally comes into force today after eight years of talks. it's called the comprehensive economic and trade agreement or ceta. here's an idea of the scale of it. trade in goods between the two sides was worth around $77 billion last year. the eu is canada's second biggest trading partner after the us, buying almost 10% of its exports. and that is set to grow, as the deal will eliminate the vast majority of tariff

haidi: toshiba agrees to sell its units to the bank consortium. a little while ago, we had an absolute welter of japanese data. it was good in parts. one of the ones that was anodyne with household spending. went it is really showing is how japan's households, perhaps the increase in august, 6/10 of 1% was pretty much expected reversing a slight decline in july. positive signals. auto sales rebounding. we have risk ahead. a slight pickup in inflation and against the backdrop of a central bank that would mark progress on reflation. low unemployment. key.s the wages are still growing, but spending is only just starting to get hired. that is something shinzo abe before an increase in the consumption tax and a couple of years. haidi: that's right. we are wondering, we saw the setback that resulted from the last tax hike. we have been bracing ourselves situation when fiscal malice -- policy works against monetary policy. we are about 30 minutes away from the open in china and hong kong. and of the corridor, and also ahead of the holidays, how are we tr

also in the programme: toshiba shares dive again in tokyo. we'll be live to the region to find out why. but first... this year is the tenth anniversary of the iphone and the latest version has a new screen, new camera, no home button, and a big price tag of $1000. but will it be enough to drive growth at the world's biggest listed company? the firm's share price has soared over the past few months. since december last year it's climbed more than 50% and is nowjust over $160 a share. but not everything is well at the tech giant. it's been struggling in china, where it's losing market share to competitors. in the last quarter its revenue in the country fell by 9.5% tojust over $8 billion. and a big question, is apple innovating fast enough to compete with its rivals? 0ur north america technology reporter dave lee went to the launch. so here it is, this is the new iphone letter x, the 10th anniversary at the vice. a lot of anticipation for this one. it's going to cost you $999, however, the most expensive iphone to date. what do you get for your

the reports said toshiba had decided on western -- for business partners, but toshiba announced nothing has been determined as of yet toshiba had given exclusive negotiating rights seeking voting rights. and as negotiations seem to stall, rival bitter u.s. investment bank bain capital along with a south korean chipmaker sweeten dollars the deal they will provide funds to toshiba memory until it has listed on the stock market as well as providing $4 billion annually for research and development and other investments to help the firm re-establish itself in the market apple, who is toshiba memory's biggest client has also been dragged in, being asked to come on board for the negotiations. meanwhile, taiwan's hanhai is offering the biggest bid for the memory unit, asking apple for support. so it's becoming increasingly likely for a clear outcome to emerge tomorrow and negotiations are likely to go on at least until the next board meeting scheduled later this month and that's all from the nikkei back to you. >> makiko, thank you very much indeed for that. >>> now, apple shares had their best

toshiba will own a small portion of the company as it moves forward. this may not be over yet and in fact, even late last night the bain consortium that they would lose to a competitive bid by kkr and also western digital. western digital is the big reason this may not be over. bain actually went to apple late last night and said, you have got to up your funding at least in the debt portion of the deal. and said, youpple need to boost your contribution from $3 billion to $7 billion, lower your equity state, raisi. -- stake, raise your debt stake. we do not know exactly how much equity or debt each of these companies own in this new company. those details we are trying to report out. shery: western digital has been the big elephant in the room. do we know what happens to the deal if the legal challenges continue? alex: it is possible it is still in jeopardy. western digital has said it owns rights to this memory chip business because of a deal it did last year or even two years ago for a company called sandisk. memory chips really important these days b

coming up, toshiba seals the deal. an $18 billion agreement to sell its chip unit to a bain-led consortium looks set to close. roku's shares took off, despite being priced at the high end of the projected range. my wide-ranging interview with the ceo of microsoft on his new book and building upon the legacy of steve ballmer and bill gates. first, to our lede, the largest tech deal of the year is one step closer to being finalized. toshiba has finalized an agreement to sell its chip unit to a group led by bain capital. the deal is worth nearly $18 billion. toshiba needs to raise cash to pay for billions in losses in its u.s. nuclear business or risk being delisted from the stock exchange. -- the tokyo stock exchange. it includes tech heavyweights like apple, dell, and others. even after months of contentious negotiations, the deal could still be in jeopardy, thanks to toshiba's partner in the chip business, western digital. joining me, ian king and alex webb. ian, i will start with you. we are not close to a done deal y

but toshiba might face legal challenges before it is complete. western digital has launched legal action over the deal. first facebook now twitter — it has revealed nearly 2000 ads were placed on the messaging services from a russian media group suspected of trying to interfere with the us presidential election. a senate enquiry into russian meddling is ongoing and i spoke to our correspondent and asked how they reacted 7 correspondent and asked how they reacted? the senate intelligence committee investigating issues around russian meddling in last year ‘s us presidential election were thoroughly unimpressed by what twitter said. they were going into details about how its platform was used in two influencing the election is that the senators said it was an inadequate briefing and twitter was not giving them enough information and we saying information already told by facebook. all technology companies have to step up and provide the information they need, according to the commission. these companies would much prefer to keep theseissues compa

toshiba has sold its memory chip built this two bain capital for $18 billion. capital fortwo bain $18 billion. is it finally done? is there closure? >> i wish i could tell you you are going to get closure, but i just cannot do that. is it done? no, but for the time being, we have a winner, the bain capital consortium. the bane consortium contains the very familiar companies to our watchers. chip company in south korea. all of these companies have pitched in financing money to get this deal done, a total of about 3.7 billion in financing. also financing from japanese institutions to close the deal for pain. as you mentioned in the intro, this is the largest technology deal of the year. toshiba never really wanted to sell this business, but had to as it got into some major financial trouble with its nuclear power unit earlier in the air, and that is what led toshiba to look for a sale. and finally today find a buyer. vonnie: who might be the winners and losers? it's not as if there is not great intellectual property here. >> the losers and winners depends on chap

toshiba is going to sell its memory chip business. this is bloomberg. ♪ vonnie: this is bloomberg markets. shery: in the deals report, they are persuading apple to switch sides and joined the private equity firm in a bid for toshibas flash memory chip does this. this is the latest deals report. this is ongoing for months and months. it looks like game of thrones, alliances he made. alex: this is been going on for so long now. digital, which has aligned itself with this kkr group trying to woo apple, they have come forward and said we are owing to file an injunction. if toshiba moves ahead with this announced plan to sell its memory chip business to the bain capital consortium, which is the rival bidder to the kkr consortium. pain has worked hard to get apple on board. $7y when apple to kick in billion in money and debt capital. recruited dell and other companies to try to shore up its bid against western digital. you can take a step act for people who have not been following this. toshiba got into a lot of financial difficulty earli

the bidding for toshiba's valuable chip business has stretched on but we have a winner, at least an hour. they have agreed to sell the unit for $18 billion to a group led by an equity firm being capital. toshiba'sjoint

and westinghouse nuclear reactor construction took a dive also toshiba faces the main responsibility for controlling and decommissioning the fukushima plant to ship a story is one of the most dramatic downfalls of a major japanese company its nuclear arm western digital proposes are actually opposes this chip sale to bain capital and it's threatened legal action however toshiba says the deal will go through by march of next year getting it back in the black. just four days germans will head to the polls to vote in the federal election like every other major race jobs and the economy of course on the top of voters' minds so could a new potential deal regarding one of germany's biggest companies sway the votes for more on this are about to find out joined by boom bust bianca for she bianca what kind of deal are talking about here we are talking about a merger that could end up cutting jobs in germany which is why some people think that it could definitely impact the upcoming election in just a few days after nearly a year of talks one of germany's most iconic companies is preparing for

toshiba says its agreed a deal to sell its coveted memory chip unit to a consortium led by bain capital. the $18 billion deal is designed to cover billions of dollars of losses incurred by toshiba's us nuclear unit. despite this, sk hynix — that's the korean chipmaker which is also part of the deal — says there are still some issues to be revolved before the agreement is formally completed. pilots working for the travel group thomas cook will stage a 24—hour strike on saturday as part of a dispute over pay. their trade union, the british airline pilots' association, confirmed the strike after five days of talks failed to resolve the dispute. a strike on 8 september was the first by pilots at the company since 197a. another story we have been following, news from richard wescott oui’ following, news from richard wescott our transport correspondent, he understands the rya nair our transport correspondent, he understands the ryanair pilots, there has been a fiasco relating to leave allowance, rya nair admitting they have messed up holidays and had to cancel 2100 flights, are transp

but the battered board of japanese electronics company toshiba is offloading its computer chip business for eighteen billion dollars and it claws its way out of red ink its u.s. nuclear operations at westinghouse electric filed for bankruptcy earlier this year now after an earthquake and tsunami led to the fukushima nuclear meltdown in japan back in two thousand and eleven toshiba and westinghouse as nuclear reactor construction took a dive also toshiba faces the main responsibility for controlling and decommissioning the fukushima plant to ship a story is one of the most dramatic downfalls of a major japanese company its nuclear arm western digital proposes are actually opposes this chip sale to bain capital and it's threatened legal action however to ship assess the deal will go through by march of next year. to get back in the black. just four days germans will head to the polls to vote in the federal election like every other major race jobs and the economy of course on the top of voters' minds so could a new potential deal regarding one of germany's biggest companies sway the votes

lots of internal problems at toshiba. coming up, we will have a sit down with the ceo of blue apron after the company's ipo has face planted. what's next? we will see. this is bloomberg. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. cory: this is "bloomberg technology." i'm cory johnson in for emily chang. we are continuing our coverage of bloomberg's sooner than you think conference. >> it did its very first liveries on may 15. -- deliveries on may 15. ipo happened right at the end of q2 -- it was about 3% of our network's volume. we've been investing aggressively in our supply chain in order to get people new products, more flex

toshiba up about 10% so far this year. lauren: if you're expecting to get the iphone time when it hits shelves in november come you'll have to wait potentially a whole lot longer than that. cheryl: yes, i was hoping for the phone before that time. tracey carrasco has more on that and some other headlines. tracee, good morning. tracee: maybe not by christmas. because of production analyst from consumers, the iphone 10 will sell out within an hour or two when it goes on presale on october 27th. apple says the phone will be in stores on november 3rd. you can expect some ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone .. lauren: another video of another passenger this time on southwest. >> don't touch me. >> then walk. train to the woman is dragged off the plane after two dogs boarded and she said she was deathly allergic to dogs. she did not have proper medical documentation to stay on the plane after she asked the airline to remove the animal. southwe

lots of internal problems at toshiba. coming up, we will have a sit down with the ceo of blue apron after the company's ipo has face planted. what's next? we will see. this is bloomberg. ♪ >> is 11:29 a.m. in hong kong. i am rosalind chin with the latest first word news. president trump has blocked a chinese-backed investor from buying a semiconductor, citing national security risks. they are a private equity firm backed by a chinese state-owned asset manager. they are seeking u.s. security clearance, including moneygram's takeover. the pace of china's expansion after further last month factory output, retail sales, and asset investment slowed. it rose 6% from a year earlier in august. retail sales expanded over 10%. efforts to weigh in expansion appear to be working. a u.s. judge has reversed the veil of former pharmaceutical executive martin shkreli, ordering him jailed immediately after a bizarre facebook host. the judges deemed the 34-year-old poses a danger to offering aty, after bounty for a strand of hillary clin

ian: toshiba is the second-largest provider of this kind of memory. it is naan flash memory, one of the components that stores data on the iphone. there are only six makers of this technology worldwide. samsung has 40% of the market. apple clearly wants to keep toshiba independent, wants to keep it as a balanced to samsung -- as a balance to samsung's weight in the market. and keep its cost down. emily: apple has for 10 years used samsung chips. why? ian: if you need a memory chip, whether you like it or not you , have to at least talk to samsung because of their market share. they have the best production, best technology, and biggest scale, so they have an inordinate influence on pricing for those key components that apple really cares about. emily: what's your take on this? david: tim cook's talent has been supply chain and logistics. he is hedging his bets in a critical way. it's awkward that apple has such dependence on samsung for not just these chips, also screens and other components that go into their key product, the iphone, with which they

toshiba is among the next tier of players and is playing a very significant role. they are betting that with capital, toshiba is going to be able continue momentum and is seeing a growing market with rising prices going forward. yvonne: have we heard any response from western digital from this deal? this is going to worsen the relationship between toshiba and western digital. peter: yeah. it has been a very contentious relationship. western digital is a partner in three joint ventures. they have already file lawsuits. they filed for arbitration overnight after this deal was announced. they said they are going to -- or they did file for a new round of arbitration, because they want to invest in these businesses. they are in a difficult position. they bought in through their acquisition of sandisk. they are dependent on these memory disks and they need a continued supply. they are fighting aggressively to make sure they have access to that. there are tensions between the two companies at this point, and they need to work those out. you saw that reflected in western d

meanwhile, bain capital once apple to put more in for the toshiba chip unit. apple is being asked for $7 billion. proposal will include $1 billion for equity and $6 billion in debt, a bid roughly $19 billion. apple uses toshiba's flash memory chips in iphones and ipads. let's get a sense of where we are. now pushingrket nine years, 10 years if you look at emerging markets. violations also at multiyear highs. with get more perspective the head of asian equities and research. ice to see you. thank you for coming in. help us make sense of the math. not all markets are created equal. it's easy to say it's expensive. cheap, reasonable, what does look reasonable? overweight on asia emerging markets, supported by the earnings recovery story in the fourth quarter of last year, salma's 2-year-old. -- so almost a year old. the market is 30% higher over the same period of time, so we are comfortable the earnings story is supporting the current level on msci asia. pushing toward these levels are japan, you have a contrarian call. if you focus on earnings, the recovery sto

finallyatching stocks, clarity on the toshiba deal. --s includes apple and tell dell and ends eight months of negotiations. is said to be relaxing rules which will allow foreign carmakers to sit up electric vehicle businesses in its free trade zone and imax kong up.hong some big moves and asia-pacific region but surely -- generally fairly range bound. manus: in his first speech to the yarn general assembly president trump threatened to wipe out north korea if it menaces the u.s. or its allies and reiterated his belittling nickname for kim jong un. president trump: rocket man is on a suicide mission for himself and for his regime. the united states is ready, willing, and able, but hopefully, this will not be necessary. anna: he vowed to crush "loser terrorists" and targeted venezuela and iran. a window into how his america first stance will shave engagement with the world. how is president trump's speech at the u.n. ring received on the world stage? they got initial reaction right there and then create and more broadly. -- there and the

so, they want to get as many of those, and toshiba does great work on their chips. emily: what about apple performance and supply chain issues? >> it, but he means very little when it comes to performance. it will give them more leverage however. emily: do we know when we could see more about this new phone? >> in september is what we have heard will be the plan to announce more details. emily: that was mark gurman. pushed tim helped cook's compensation to new high. to total compensation surged $150 million last year compared to 72.9 million in 2016. >> when he came into the ceo role, apple said they were going to give him a massive chunk of stock which you would get over to implements over 10 years. a couple of years later, it was restructured and split up over the years. can collect about 280,000 shares as long as he remains on the job, and another up to 280,000 shares if apple's share price beat two thirds of the companies on the s&p 500 index, and they have done so in the past five years so he collected all of those shares. goi am looking at the pay function on

it says the company president told toshiba's main lenders of the date yesterday. western digital is still seeking to acquire a voting rights stake in the division, meaning the decision may still not be reached by next wednesday. a marketing research group says facebook is claiming to reach more people in certain demographics than actually exist in the united states. thatal research says facebook claims that has access to 41 million 18-24-year-olds, only 31 million fall into that category. of tankers and investors will reconvene thursday, deciding on whether noble groups june loan extension constitutes a credit event. the meeting will happen in the early evening asia time. credit default swaps on the embattled commodities trader have been acting by laterally while awaiting consensus from the isda. breaking news out of korea, the south koreans saying the defense operationready for after an internal process check. says it completed the temporary deployment of the systems as well, at the same time we have seoul, korea telling beijing of the plan to deploy these launch

toshiba shares coming under pressure. it signed a memorandum of understanding but there is concern it is struggling to sell the chip unit. into a the china data picture we can see. pacerose by the slowest since 1999. we saw ipn retail sales at their slowest pace of growth so far this year. a shock to markets but what we are expecting to see instability from these countries and double-digit growth in terms of retail sales, something other countries can only dream of. anna: juliette saly joining us with the latest on the chinese data. mark carney is grappling with a familiar trade-off as he prepares a policy announcement do today. the u.k.'s inflation rate is nearing a five-year high last month that 2.9%. wage growth remains low. we have the policy announcement at the day u.k. time. joining us is been ritchie, head a historyeem to have looking at spikes and inflation. do you expect the central bank, the bank of england continues to look through the spike and say it is temporary and to do with the pound. guest: the simple an

. >> apple is joining the battle for toshiba chip business. we have heard rumors apple might be in the mix before, but what is the latest? what is behind apple's interest now? >> there are many plot twists here to game of thrones. toshiba has been trying to sell this chips unit for months. they desperately need the cash. it looked like they were getting close to a deal with western digital, the american chip maker. apple is jumping in. apple has been in flux according to the sources we have talked to. they put in a bid that was $19 billion. but they need to figure out what they are going to do with western digital. western digital is a partner with toshiba in this business, and have taken to the courts to say that they have rights in deciding who is going to get this company in the end. >> the signs of strength for the economy in china, the factory rose to 51.7% in august compared with a forecast of 51.13%. >> the latest indications of growth are pretty much suggesting a steady as she goes for the chinese economy. the official pmi beat expecta

. >>> toshiba has decided to sell its memory chip business. the japanese conglomerate's most valuable asset. it's selling to private equity firm bain. that includes apple and dell technologies. for apple, it could ensure a competitive supply chain and lessen its depends on samsung. toshiba chose bain over two rival groups including western digital and taiwan's foxconn. >>> boeing is firing on all cylinders. it's the best perfect dow stock this year, up more than 60%. the company is increasing production at its commercial unit. but its next leg of growth may be driven by its defense business. morgan brennan explains from national harbor, maryland. >> reporter: leanne corette has been ceo of boeing's defense business for 18 months. >> it's transformative time, fast paced. as we identify opportunities that will make us better, that's what's most important. >> reporter: while most people have flown in a boeing plane, the company actually makes a third of its money selling military equipment to countries around the globe. it's been relocating headq

and toshiba stock declined today despite yesterday's announcement of an eighteen billion dollars deal for its memory chip business investors are worried by a looming court battle with western digital the u.s. hard drive make a bid in the toshiba sale but was rejected in favor of a group that includes apple and dell she desperately needs the proceeds from the asset sale heavy losses at a bookkeeping scandal of put the japanese john i don't rock round. sports now. fed thank you feel that some football dortmund are top of the bundesliga again after taking care of business on wednesday night in homburg dortmund unbeaten through five matches they've given a exactly zero go. it was a high tempo game with both sides having chances in the opening minutes bobby were testing coleman burkey in the domingo. yammering obama young only inches away at the other end. with blood pressure is rising new is hoping andre young malenko down just outside the box. and went dormant in the danger zone it was their chance to take the lead converting from close range on the twenty four minute mile the. midway th

. >> apple is joining the battle for toshiba's chip business. we heard rumors that apple might be in the mix, what is the latest? what is behind their interest now? there are as many plot twists as game of thrones. the shiva has been trying to selloff the chip unit four months. they desperately need the cash. toshiba has been trying to sell off the chip for months. apple is jumping in. is still in flux according to sources we have talked to. past, it was $19 billion for the unit. they need to figure out what they will do about western digital. they are a partner with toshiba and have taken to the courts to assert its rights in deciding who will get this company in the end. ♪ >> the signs of strength for the economy in china. the official factory gauge rose in august compared to the forecast. the latest indications including the pmi and a range of indicators suggest it is steady as she goes for the chinese economy. the official pmi beat expectations. august,n at 51.74 pointing to acceleration and growth. digging into the details, the underlying

looks to plug a financial hole toshiba and bain have not commented on the reports. >>> as we were talking about before, sprint and t-mobile are in active merger talks again, that's according to cnbc sources. shares in both companies led the telecom sector to the top of the market in tuesday's trade. >> reporter: sprint and t-mobile and their parent companies, softbank and deutsche telekom are in talks those talks, while they may not end with a deal have become quite serious. the two sides are now engaged in trying to hammer out a term sheet which would include an exchange ratio for an all stock deal under which t-mobile's parent, deutsche telekom would be the largest single owner of the overall combined company masa son who runs softbank would remain a significant shareholder through the softbank ownership of the combined sprint and t-mobile it would bring together the number three and four players in the u.s. wireless market it is a deal that's been discussed in the past, engaged from both sides on in the past in different variations, but this time they are, it would seem, quite diligent

toshiba's board is meeting today to discuss the deal. the share is up nearly 5%. >>> hudson's bay reporting a wider than expected second quarter loss the department store sales rose slightly above forecasts new stores and a favorable foreign exchange rate offset fewer shoppers and more sales promotions the company's saks fifth avenue brand had the best same-store sales increase in two years. >>> coupa software reported a narrower second quarter loss where revenue beat forecasts the enterprise software mraeker expects third quarter revenue to rise 25% in an extended hours trading it's up 7.5% >>> venus williams moved into the u.s. open semifinals for the first time in seven years. williams rallied to beat petra cavatova in seven sets last night. she is the oldest women's semifinalist since martina navratilova in 1994. next up for venus is sloan stevens, which guarantees at least one u.s. player will compete for the u.s. open title. good luck to both of them. >> amazing, but also amazing at 37 you're considered the oldest at anything. even

sophie: toshiba is looking to finalize this deal by march 31. that litigation with western digital has not completed. there might be more hiccups ahead. i want to talk about fundamentals. you have apple helping to salvage the consortium bid because they want to have a foothold in the flash memory chip -- chip market. bain has a foot in the game. bain reportedly planning to take the chip unit public as soon as 2020. only a handful of companies have hhe capacity for this flas memory chip market. samsung dominates with 40%. great mall -- great wall motors has halted trading. what is going on with that company? carmaker ischinese set to disclose more information about its plan to buy a stake in minerals, according to a statement earlier today. filing,ent exchange they said they seemed to buy up to a 3.5% stake in the aussie minor -- miner. this move would give the great wall a greater exposure to the lithium project in western australia, which is due to start production in the first half of next year. electricping up vehicles and wanting to secure a

toshiba expects the deal to close by march 31. coming up, much more from the bloomberg global business form. tim cook talks about apple's responsibilities as a global civic leader. this is bloomberg. ♪ cory: from immigration to climate change, apple has taken an aggressive stance under the leadership of tim cook. a different approach than under steve jobs. sat down with megan murphy at bloomberg's global business forum to discuss apple's role on the world stage. >> as a ceo, one of your primary responsibilities is to determine what the values of your company is an leading accordingly. the thingthing is president kennedy used to say that originated from the bible, to whom much is given, much is expected, and apple has had some access, and so we feel responsibility to give back, to help in some of society's , and so forblems us, we tried to look deeply at is the government working on, that are key in society, and think about the skills we have. there are some issues where we will not be able to help realistically, but there are so

. >> apple is joining the battle for toshiba chip business. mighte heard rumors apple the in the mixed before what is the latest? >> there are many plot twists here. toshiba has been trying to sell this for moms. they desperately need the cash. they were getting close to a deal with the american ships maker. apple is jumping in. apple has been in flux according to the sources we have talked to. they put in a bill -- bid that was $19 billion. they need to figure out what they are going to do with western digital. they say they have rights in deciding who is going to get this company in the end. >> the signs of strength for the economy in china, 51.7 in august compared with a forecast of 51 13. >> the latest indications of growth are pretty much suggesting a steady as she goes for the chinese economy. the pmi rose slightly coming in at 51.7 four august pointing to slight acceleration in growth. some of the underlying indexes were pretty positive. we have seen new orders picking up. and critically we also see big and outpute input prices. that st

also headlines coming across on toshiba. the board of directors likely going to be making a decision a decision on the sale of their chip unit. western digital possibly dropping out of it in order to have a say in its venture business with toshiba. something to watch as the japanese markets open. this is "daybreak asia," i am betty liu in new york. yvonne: and i am yvonne man in seoul. putin has echoed china in rejecting u.s. sanctions on north korea after the latest nuclear test. south korea's pushing for a military overhaul. the u.s. is weighing a number of military and diplomatic options. tuesday, the ambassador in geneva held the u.s. directly responsible for its current crisis. here is what he said. >> the u.s. imposed nuclear threats and blackmail for more than half a century against my with a ceaseless political and military pressure, and economic sanctions. now, douglasng us powell. he was also in the national security council staff for presidents reagan and george h.w. bush. thank you so much for joining us. hearing

the bidding for toshiba's valuable chip business has stretched on but we have a winner, at least an hour. they have agreed to sell the unit for $18 billion to a group led by an equity firm being capital. toshiba'sjoint venture partner is not happy about the decision and has filed a new legal challenge asking for arbitration. shares of apple falling after the company admitted to a glitch in the latest watch. the series of three was found to have a softwa re series of three was found to have a software problem with some models unable to connect to wireless networks without an iphone. apple says it is working on a fix. iran has been identified as a growing cyber threat. a new group leapt to be working for the iranian government was found, carrying out espionage activity since at least 2013. some countries have a already been targeted, focusing on players in the asian industry with both military and commercial interests. they have had unfettered operational access and they are getting at every day, more prolific and operating in scope that is far wider. as nations modernise, they develop cyb

matt: toshiba is signing a memorandum with bane. he private equity company. non-binding memorandum, memo of understanding. it can continue talks with other potential buyers but it aims to sell the chip business by the end of the this month. bane has signed that memorandum with toshiba. some very interesting breaking news. w we also have news today on brexit. britain and the e.u. have postponed the next round of talks until september 25. the week-long delay suggests theresa may is planning a public speech on her strategy. the u.k. prime minister is preparing to make an important intervention that might require rescheduling. our guest is still with us. edmond, is there time for this, more more delays here? aren't the britains already a little bit behind schedule as far as the brexit negotiations go? >> well, matt, i think the u.k. is already a long way behind in what was already -- which is always going to be an extremely ambitious two-year timetable. no, we can't really afford further delays but honestly, given the confusion over the u.k.'s brexit strategy, it

toshiba issaying discussing details of a contract with western digital, as it seeks a decision on the sale of its chip is next. toshiba said last week it remained in talks with three groups, including western .igital asahi says some of the company is wary of selling to the u.s. company, but lenders are pressuring them for a decision. blackstone is said to have shelved plans to sell off all or part of its australian retail interest. sources say blackstone had 10 shopping centers, including individual properties and other assets. the portfolio includes centers in sydney and melbourne and is said to be worth about $2.4 billion. hanergy's former chairman barred from serving as a director in hong kong for eight years. in misconductd related to the running of the former solar giant. for other executives were banned. he became china's wrist -- before stocksr -- fell 47% in one day. guest saysnext tensions over north korea could heighten as we approach their foundation day. let's go to tohru sasaki, the j.p. morgan chase head of japan research joining us in tokyo. great to have you on. it is

emily: talk to us about toshiba and the chip unit and apple's interest in that? >> they are looking for new ways to get components for lowest-cost and highest quality and quantity. some of the newer mac labs and other devices, it is a critical component to the iphone, just as the screen or cellular reception modem is critical. they want to be able to get as many of those and toshiba does great work on chips. emily: what does this mean for apple in terms of performance and supply chain issues? >> probably little in terms of performance because it is on par with storage capacity and speed. having more suppliers gives them more leverage. emily: do we know anything more about when we will see this new phone in person? >> mid-september is what we understand. our bloomberg tech reporter there. success this year helped push tim cook to new heights. he was awarded shares of apple $90 million.at with anders who wrote this for bloomberg news. >> when he came to the ceo role, apple said they would give him a massive chunk of stock in two increments for 10 years. years later

. ♪ ♪ foxconn is emily: teaming up with apple in sharp to buy toshiba's memory chip division. it would give foxconn a 25% stake. the group is competing with two separate deals from -- each said to be about $19 billion. toshiba needs to raise the money by march to repair its balance sheet and avoid being delisted from the tokyo stock exchange. the massive dell merger is based on the fo's that bigger -- ethos that bigger is better. michael dell needed to help push back from rising demand from microsoft. they needed partnerships to woo dollars away and keep traditional competitors away. i estimate about the strategy and if it is his goal to be the last and largest company left standing. michael dell: if you look at what going on in the world, i.t. businessng to b.t., technology. you can't actually do anything without technology. you can't sell anything, decant by anything, you can make anything -- you cannot buy anything, you cannot make anything, you can have customer relationships. government and society. i actually see the overall market when you consider the role technology i

toshiba says it's not ruling a deal with other bidders out. but studying the following huge losses as the u.s. nuclear unit westinghouse filed for bankruptcy earlier this year. and makes memory chips used in smartphones, computers and other electronic devices but as you know is taken pretty competitive business. lauren: yes, it is. speaking of devices they know that the iphone tennis all about. celebrating the 10th anniversary by really not one, not to come the victory in the new version of apple tv. cheryl: hillary bond went to get the scoop on the iphone first the shelves a decade ago. reporter: lauren and cheryl, 10 years ago steve jobs introduced the iphone to the world in the celebrating with their most high-priced high-tech device driver. iphone tennis selling for $999 november 3rd. the phone shut off a major makeover that they say is the future of the smartphone. >> 10 years later it is only fitting that we are here in this place on this day to review a product that will set the path for technology for the next decade. >> the biggest up

western digital has made a new bid for toshiba's chip unit. writers said that puts it back in front of a bain capital led consortium. toshiba's board is due to meet later wednesday to discuss the matter but it is not clear if final decision will be reached. bain capital is said to want apple to put more into their bid for the chip unit. billion ofing $7 from $3 billion. apple uses its chip in the iphone. , debtcing a suspension leverage coming under official scrutiny. an internal memo said the risk department has ordered a halt of new loans that have not already been signed. it will work with the developer as long as risk remains manageable. we are getting the latest on some breaking news. aboutotified the u.s. payments made by staff in asia. the news comes amid the federal ruleswhether uber broke against overseas bribery laws. what countries are we talking about? >> we have this mysterious u.s. justice department pro. -- probe. what we are learning is uber hired an internal law firm to look at activity in five asian haveries treated we differ

toshiba chip unit. that is being sold to the ban led conglomerate for ¥2 trillion. it is fed decision day. you have said officials expected to leave rates unchanged and expecting a wind down of the balance sheet. joining us now is carl riccadonna. here's what i don't get i. the fed says is going to be is easy and won't disrupt markets. you can't have it both ways? carl: that is what we will find out in the next quarters. presumably administering medicine when the patient was sick and the fed hopes that as you take the medicine the ways, once the patient is more healthy , you do not fall back into the doldrums. certainly the economy is on much sounder footing now. as long as we move slowly enough and cautiously enough, we should be able to avoid major market disruption. that being said, i think there are two legacies of qe -- stocks slump qe. the dollars are not like he. those are the markets we have to watch carefully as we backed away. if i could have a third, it would be the mortgage market. as mortg