people had to add one hour on journey times, lines out the door at sydney airport. things are returning to normal. the police and prime minister are stressing the port has been completely disrupted. that threat is at an end so more normal check—in times will apply however an extra layer of security has been imposed and naturally, people here in australia are again looking at what measures are in place and how much needs to be done to try and stop any future risk. the investigation into claims of russian interference in last year's presidential election has taken a significant turn in the last few hours. american media is reporting that special counsel robert mueller has assembled a grand jury in washington. it is a sign the inquiry is intensifying. earlier i spoke with our correspondent laura bicker to get the latest on this from washington. well, grand juries are a way of investigators finding out whether or not there is enough evidence to bring criminal charges. now, they have the power to demand witness statements. they have the power to demand documents. we're

and sydney. this is never an easy situation, especially with the top ten because we don't really get to know you enough before we have to vote. however, that's the situation we're in this evening, and there is one thing, cat, that makes it slightly easier tonight and that was you announcing that there is a tour this year. so we know although we are losing one of these young ladies this evening, we are going to see them on that tour. okay. [applause] sydney, step forward. sydney, you really showed us last week something very special, which is why the two ladies voted for you last week and you were kept in the show. unfortunately tonight, we are and see you on the tour. dassy, congratulations, you are staying with us. >> cat: while done, dassy. congratulations. sydney, you have done an amazing job in the time you've been her here. let's take a look at some of those amazing moments. >> dance is my escape, and it's something i rely on daily to keep me going. >> you are like the she devil up there. so

sydney. period and mark. okay, there you have it, one of these incredible dancers will be going home tonight. we will find out right after this. stay with us. coney island has been around for a long, long time. reminds me of how geico has been saving people money for over 75 years. hey, big guy! come on in! let me guess your weight! win a prize! sure, why not. 12 ounces! sorry, mate. four ounces. i've been taking the stairs lately. you win, big guy. sorry, 'scuse me! oh, he looks so much more real on tv. yeah... over 75 years of savings and service. get your rate quote today. and it's surprisingly light for diffhow powerful it is. ops. my name is xyla foxlin and i am an entrepreneur and a designer. ♪ this'll be the real deal ♪ oh yeah ♪ this'll be the real deal what do we want? catpacks! when do we want 'em? meow! everything you need to ready, set, go! back to school. what bad back?gels work so fast you'll ask what pulled hammy? advil liqui - gels make pain a distant memory nothing works faster stronger

people we re alfred adores sydney airport. people were told to add one allah to their arrival times to the airport —— to initially add on. those procedures we re initially add on. those procedures were said to be ramped down. arrival times would go back to normal. however, it's not entirely business as usual. there is increased security still at australian airports. and we know that the aviation threat is one being taken seriously. although we've heard of several plots being stopped here in australia in the last few years, this is potentially the largest co—ordinated plot, the authorities say they have managed to disrupt, the 13th in the last three years. thank you. let's go to the us now, where the investigation into claims of russian interference in last year's presidential election has taken a significant turn in the last few hours. us media is reporting that special counsel robert mueller has assembled a grand jury in washington. it is a sign the inquiry is intensifying. earlier i spoke with our correspondent laura b

haidi: i am haidi lun in sydney. qantas beating estimates, but falling from a record. flying direct to london and new york. this is "bloomberg markets: asia." ♪ rishaad: well, a look at samsung. the share price doing well. 9432,s chart number judges delivering of verdict in this graph to trial of jay y. lee. prosecutors requesting a 12 year sentence. they say they paid bribes to the confidant of the then the south korean president to secure governor support for the merger of affiliates. this has largely been ignored by investors. the kospi up 16% from august. it is an important stock. ,he percentage of total kospi the market cap, 18%'s or thereabouts, so does dictate in some sense where the kospi goes. that is what we have at the moment. haidi: absolutely. we will be watching the outcome of that verdict. has been the teflon market despite geopolitical concerns over north korea, samsung the ultimate teflon start despite concerns ongoing. we are 30 minutes from the open. , not aht, like volumes lot for investors on t

sydney time. this is bloomberg. ♪ ♪ haidi: i am haidi in sydney. -- haidi lun in sydney. betty: a quick check of business flash headlines, the outgoing ceo -- ge chairman could be in the front runner for being the ceo of bloomberg. it is likely to happen within the next two weeks. m and other executives are being considered. some are backing him up. haidi: this company will hire workers from air berlin but on lower pay. they said they would join lufthansa's cheaper contract. they posted this listing in 2006 three times and filed for insolvency when the main shareholder empty had -- atty: crusading and shareholders -- persuading enough shareholders to take over this company. they are just edging the 62% threshold, but they will see the offer to convince sold -- holdouts to reach the 75% needed for the domination agreement. much more ahead. this is bloomberg. ♪ got you outnumbered. the dinosaurs' extinction... don't listen to them. not appropriate. now i'm mashing these potatoes with my stick of butter... why don't you sit over here. find your awesome with the xfinity str

haidi: i'm haidi lun here in sydney. we had one of the largest trading sessions of the year when it comes to wall street overnight. some of that uncertainty passing through to the asian session, which is looking decidedly mixed at the moment. we are looking ahead to trade numbers. that will be. the key macro event nab businessthe sentiment conditions confidence data coming through for the month of july. unchangedng in a 15, compared to june. business confidence at 12%, picking up from the reading of 9% in june. it is still very robust. these are conditions to the highest level since early 2008. signs of new divergence comparing with certain industries. pretty good on both of those france, business confidence and business sentiment. rishaad: we have the open. let's go straight to sophie kamaruddin. speaking of moving parts, we are waiting on the dirt i -- july trade figures. the consensus forecast is for an exports.in chinese stock falling about a 10th of a percent after rising half a percent monday.hang seng is losing a

haidi: i'm haidi lun in sydney. let's turn our attention to currencies, especially the yen, which was the best performer in the g10 space overnight as we saw safe haven demand flowing into currencies like the yen. our next guest says september could be the yen's month to shine as the u.s. debt ceiling could weigh on the dollar. nomura chief investment strategist joins us now. the dollar weakness story has been creating interesting scenarios for a number of asian currencies. when it comes to the yen, we had two very dovish sets of commentary from james bullard and neel kashkari and we're still waiting to hear from build that the later this week. do you think a less hawkish fed and this debt situation in the u.s. is going to create a lot of tailwind for the yen? >> yeah, i expect the yen depreciates significantly maybe in september, but to us, the end of this year, i expect the yen may hit 100 against the u.s. dollar. betty: do you think we could get there even sooner if we see a market depreciation in the u.s. dollar

paul allen there in sydney on bhp. the forget, andrew mackenzie joining us first on bloomberg later this morning at 9:30 hong kong time, allowing: 30 if you are watching in sydney. in the meantime, blue-chip companies have sold more than $1 trillion of bonds this year. they are hitting that mark faster than ever before. for more, here is our corporate finance reporter on this. the pace of this -- was this a surprise? guest: a little bit. strategists were expecting that 2017 was going to be flat, so a down year in terms of issuance. we have reached that $1 trillion year in a the sixth row. we were expecting a couple of rate hikes to come in and companies have been taking advantage of a low rate environment to take advantage of cheap financing. betty: what about for investment grade issuance? what has been working on that front? cheap rates. it is advantageous to take advantage of the financing while you can. the demand is there as well. europe, you still have negative or near zero rates, and those foreign investors, if

in sydney. ite talking about bhp, will as theyasing pressure have reached this truce with elliott. if they don't deliver, will we see animosity continue? and what should they do? >> there is little they can do. we are going down a road i cannot answer your question. i have to give upon's on that one. haidi: let me rephrase that, given that we have seen resistance at $50, what more can opec do? does of business like bhp want to keep shale within its business given the environment? ongoingave this improvement and efficiencies in the shale industry with costs coming down. also, part of the story is shale will be undermining profits for oil going forward, so if the hp can be on the cutting edge of curbs, then it remains a profitable industry. opec will be in the background, but the shale play will be the ultimate price setter over the next few years that the risk for any company on the right side of that and at the cutting edge can continue to make good revenues from it. the other half of the assump

i am haidi lun in sydney. back, up, the brics are inward fund flows the highest in two years. this is "bloomberg markets: asia." rishaad: right, records for the dow and onwards and upwards. the dow jones industrials up so far this year, 10% up, adding to the gains in the session on tuesday, we do have a move to gains toe, taking what? something in the region of 10.5%. 11%, in fact. that sounds good, but let me pull up this chart. btv 175 is telling you what is going on with the dow, u.s. equities, and how they are doing compared to the rest of the world. you could argue they have a huge waiting when it comes to global indices, perhaps reflecting the the blue line is showing u.s. stocks are ever so slightly lagging globally has we keep on striving towards global high records. haidi: that is almost unbelievable, really putting things in perspective. you do have the emerging markets inching higher. we see these renewed gains towards record highs despite the dysfunction that plays out in washington. earnings seaso

i am haidi lun in sydney. inhaad: i am rishaad salamat hong kong as we check in with the business flash headlines. uber's incoming cheek executives -- chief executive saying an ipo should happen in the next 18-36 months. the new ceo was introduced to employees by travis kalanick. he is seen as a man of principle with little ego. one of his first tasks will be to rewrite uber's ethical code. haidi: bloomberg has been told that apple is waiting into the battle for toshiba's memory business. aat is in companies with group that includes western digital and kkr. flash memory on from toshiba and its iphones. they want the continued supply so it is not dependent on rival samsung. rishaad: expedia naming finance chief as its new ceo, quickly filling the job with the n-terminal canada. -- in terminal candidate. sent expedia stock lower on news of the departure. don't miss our interview later on, bloomberg markets america, :30 p.m. u.s. dollar bounced off its year-to-date lows in that stronger-than-expected gdp and jobs

i'm haidi ring in sydney. rishaad: i'm rishaad salamat in hong kong. it has been two weeks since anthony scaramucci was hired as communications director, and has now been fired. this is the latest in shakeups. joe subject has the latest from washington dc. white house communications director anthony scaramucci was ousted hours after retired marine corps general john kelly took over as the chief of staff. calley was given the job to on disarrayorder the white house. scaramucci's arrival in the white house wanted the departure of sean spicer as secretary and reince priebus as chief of staff. that followed the resignation of the -- former communications chief. it is a sign that trump is empowering kelly, at least for now. he was given a job as chief of staff to put order into what has been a chaotic organization in the west wing, and was promised full authority over the staff. the practical effect is he will be filtering who gets trumps year and when. some senior officials who are used to walking into the oval office may lose a direct line to the presiden

a short time ago i spoke to our correspondent hywel griffith for the latest from sydney. so, the australian federal police in the last one or two hours have given us the full details of what they allege was one of the most sophisticated plots ever on australian soil. now, they claim this was all directed by the islamic state in syria and that these two men in sydney were sent high—grade military explosives via cargo that allow them to put together an ied that they planned to board with together. that was the first part of the plot. they then accused them of going on to create some kind of chemical attack. earlier we heard from the deputy commissioner of the afp, michael phelan, and he spelt out what the police claim. we will be alleging in court that a fully functioning ied was to be placed on that plane on the 15th ofjuly. there is a little bit of conjecture as to why it didn't go ahead on the 15th. we will certainly be alleging that he didn't get past the putting on the bags onto the plane. so it didn't even get past the check—in. now, there has been some conjecture

let's get the latest from sydney. our correspondent hywel griffith is there. just bring us up—to—date on all of this. so, the australian federal police in the last one or two hours have given us the full details of what they allege was one of the most sophisticated plots ever on australian soil. now, they claimed this was all directed by the islamic state in syria and that these men in syd ney were state in syria and that these men in sydney were sent to —— high—grade military explosives via ep cargo that allow them to put together an ied that they plan to board with together. they then work used to go on to create some kind of chemical attack. earlier we heard from the deputy commissioner of the afp and he spelt out what the police claim. we will be alleging in court that a fully functioning ied was to be placed on that plane on the 15th of july. there is a little bit of conjecture as to why it didn't go ahead on the 15th. we will certainly be alleging that he didn't get past the putting on the bags onto the plane. so it didn't even get past the che

haidi: hello from sydney. this is daybreak australia. we are talking about the first major market open. betty: i am betty lou. this weekend has been quite eventful. just what happened over the weekend with hurricane harvey, hurricane category four slamming into texas. the fiercest storm and 50 years. the worst hurricane since 2004. a quarter of the production now expectation is it will not hit the whole of the u.s. economy but certainly texas itself. let's get a quick reminder before all of that happened how stocks traded on friday. watching with bated breath what janet yellen was going to say, she was on message friday. that meant the market did not trade that much, not a lot of volatility as we saw by the end of friday's trade, the dow up 30 points. the s&p up 0.1%. the nasdaq trading unchanged. we have a lot had this week including jobs data in the u.s., likely to dominate the chitter chatter in the market ahead of the data on friday. that is a mixed opening in asia. haidi: yeah, absolutely. it is the sense that as you say, mario drag

one is a 49-year-old, one a 32-year-old, khalid as well as mohamed, both of them were living in sydney. >> i'm still back on bomb parts via airmail, paul. can you tell me more about that. >> these are alarming details with a capital "a." this is sort of like the ikea model of terrorism. they managed to get this high-grade military explosive to turkey and then dispatched it by air freight on some kind of jet carrying the cargo all the way to australia, then were in touch through these online encryption apps with the cell, these two individuals in sydney in terms of finishing up what was already a partially-constructed device and now that massively increases the capabilities of extremists on the ground. it's been a big challenge for extremists in the west to build sophisticated, powerful bombs. we've seen some devices create, the boston attacks, for example, but that was a fairly low-grade explosive. that wasn't high-grade explosive. this was military-grade sploes skp i -- explosive and they got it on a plane all the way to australia. if they managed to send this partially constructed de

. >>> scott reese is in sydney. they are kicking off a new season. >> and the trains are carrying passengers. >> and a man decided not to evacuate for hurricane harvey. more on that coming up next. stay with us, we will be right back. this is the new comfort food. grown right here in california, with absolutely no antibiotics ever. a better way to grow, a better way to eat. and it starts with foster farms simply raised chicken. california grown with no antibiotics ever. >>> hurricane harvey has made landfall in texas, it is bringing torrential rain to the corpus christi area with wind up to 130 miles per hour. rv made landfall 30 miles east of corpus christi 2.5 hours ago. i spoke with a family outing corpus christi. rubbed rob duren says he feels confident they can get through it safely. they feel they may be needed after the storm passes. >> we got power back. it is very windy. overall we are doing well. >> why are you staying? why are you not evacuating? >> my father had to be here for the children's hospital bec

it will be faster from a trip from sydney or melbourne to london. things can go wrong in a stop and it allows you to have better sleep on board and to pay more attention to the movies. we have seen every time qantas has added these new longer routes, like perth, london, the reaction has been phenomenal. we know consumers will love it and they want to fight direct and we want to give them the opportunity essentially to fly anywhere in the world direct from sydney, melbourne, and brisbane. betty: you have to give them a lot of legroom a lot of nice, comfortable seats, and a lot of entertainment for a flight like that. more partnerships with american and emirates if you are flying direct everywhere now? guest: we do. emirates, weth will probably end up flying direct into two or three quarts three ports in europe, maybe somewhere in germany. 40 destinations aseurope, still using dubai a hub will be important. similar with american airlines, their hubs in dallas and l.a., we get a huge connectivity to 160 destinations. that will continue. for the big vol

>> roger maynard live from sydney before 6:00 a.m. on this saturday morning. newly released video shows a fire that broke out in the engine of an american airlines jet happened in o'hare in chicago. this was back in october. investigators say the pilot was about to take off. a piece of the right engine broke apart slashing a fuel line. crews helped the passengers get out safely. i want to show you another look at this plane here. the feds say they are now investigating. you know about the solar eclipse coming. said to cross over the united states for the first time in 99 years. and it will draw massive crowds from coast-to-coast, they tell us. so how can you get a v.i.p. view? that's next. liberty mutual stood with me when this guy got a flat tire in the middle of the night... so he got home safe. yeah, my dad says our insurance doesn't have that. what?!? with liberty mutual's 24-hour roadside assistance, get a jump, tow, and more - any time of day. switch and you could save $782 on home and auto insurance. call for a free quote today. you can leave worry behi

bbc news sydney. money was never a motivating factor that's what world class football the name of said today about his transfer from barcelona to paris on him on. the most of us a two hundred and sixty million dollar transfer isn't in the cult's. name has now become the most expensive player in the history of the sport william i spoke with football analyst tony smith in new york. tell me thanks very much indeed for joining me this is an early popping figure seem worth it. i don't think anybody's work did never mind him i mean that's the probably just simple as answer i can give you but i guess whatever the market dictates your work your work. now and then i'd say is that he was following us howard but i tell you one day he must have a very expensive power. if that's what is hard to lead them to do i need he says he wasn't in it for the money. can you believe that i mean these people really think that we have big fillers well i was going to ask you that do you believe that one of the motive would he ha

now plans for a new synagogue in sydney australia have been banned amid fears it could become the target of an isolated spieth terror attack the decision by the local council was up held in court this week the synagogue was to be built a few hundred metres from the iconic bondi beach but also it is ruled it could pose a threat to local residents extra security measures were added to the plans but these were deemed unsightly by the council spokesman for the jewish group that appealed against the decision believes the ruling is a victory for the terrorists it basically implies the jewish organisation should be allowed to exist in residential areas it stands to stand for jewish existence on the qt if it's in sydney and then the by creating a precedent the whole of australia and by extension rewarding terrorism. or potential terror attacks have already been hitting the headlines this week in australia after a plot to blow up an airliner was foiled two men were charged with tariff answers on thursday over an aborted attempt to place an explosive device on a flight out of sydney police called

hywel griffith reports from sydney. described as one of the most sophisticated terror plots ever on australian soil, officers say they have ended a plan which could have caused catastrophic loss of life. they believe the man and his son we re they believe the man and his son were sent high grade military explosives by the so—called islamic state by air cargo and say they put together a bomb packed together into a meat grinder. onjuly 15, it is alleged the men planned to take the improvised explosive device on to an etihad airways flight out of sydney but officers say it was never checked in. we will be alleging in court that a fully functioning ied was to be placed on that plane on the 15th ofjuly. was to be placed on that plane on the 15th ofjuly. one thing that is important to stay is that it did not get through security. having aborted the first attack, it is alleged the men took apart the bomb to create a chemical device instead which would emit poisonous hydrogen sulphide. officers say the men were arrested befor

the construction of a synagogue in the australian city of sydney has been bound over fears it could become the target of an isolated spied terror attack the decision was made by the local council and upheld by a coach this week the synagogue was to be built a few hundred metres from the country's iconic beach but it was considered to pose a threat to local residents extra security systems had been included in the blueprints but these were deemed on slightly five north or eighty's spokesman for the jewish groups that appealed against the decision says the ruling is a victory for the terrorists. it basically implies that no jewish organization should be allowed to exist in residential areas it stands to start a full jewish existence and activity in sydney and then the by creating a precedent the whole of australia and by extension rewarding terrorism well the route over the planned synagogue comes after australia averted a terror attack on a passenger plane two men were charged with tara fences on thursday over an aborted attempt to place an explosive device on a flight out of sydney trains

plans for a new synagogue in sydney australia have been banned amid fears that it could become the target of an ice will inspire a terrorist attack the decision by the local council was in court this week the synagogue was to be built a few hundred metres away from the iconic bondi beach but authorities ruled it could pose a threat to local residents extra security measures were added to the plans but these were deemed unsightly by the council spokesman for the jewish group that appealed the decision believes that the ruling is a victory for the terrorists. it basically implies the jewish organization should be allowed to exist in residential areas it stands to stand for jewish existence and activity in sydney and then by creating a precedent the whole of australia and by extension rewarding terrorism. potential terrorist attacks have already been hitting the headlines this week in australia after a plot to blow up an airliner was foiled two men were charged with tara fences on thursday over an aborted attempt to place an expensive device on a flight coming out of sydney it's called one o

plans for a new synagogue in sydney australia has been banned amid fears it could become the target of an iso inspired terror attack the decision by the local council was up held in court this week or synagogue was to be built a few hundred metres from the iconic bondi beach but also it has ruled it could pose a threat to local residents extra security measures were added to the plans but these were deemed unsightly by the council spokesman for the jewish group that appealed against the decision and believes the ruling is a victory for the terrorists. it basically implies that no jewish organization should be allowed to exist in residential areas it stands to start a full jewish existence and activity in sydney and then the by creating a precedent the whole of australia and by extension rewarding terrorism or potential terror attacks have already been hitting the headlines this week in australia after a plot to blow up an airliner was foiled two men were charged with tara fences on thursday over an aborted attempt to place an explosive device yard wide out of sydney police called it on

australian police have been searching five properties in sydney ever suspected terrorism plot to bring down a plane. full mine were arrested in raids late on saturday his how griffith. the police still questioning the full man they arrested we understand that two of them a father and son that that the other two. also related to each other now they were all arrested as part of rates at the weekend on saturday we understand the police first became aware of this risk. back on wednesday potentially getting information from another country. they increase security at sydney airport on thursday then started to gather intelligence before making the arrests we don't yet know exactly what this plot maven tailed. the prime minister malcolm turnbull says it was advanced other people said it was quite fairly sophisticated certainly this was a group attack it's been suggested. rosin then a lone wolf attack which we've seen discussed here in australia. the suggestion is that the four were conspiring together to take on to an era playing some kind of improvised explosive device. potentially something

plans for a new synagogue in sydney australia and amid fears it could become the target of an iso inspired terror attack the decision by the local council was up held in court this week the synagogue was to be built a few hundred metres from the iconic beach but all sorts has ruled it could pose a threat to local residents extra security measures were added to the plans but these were deemed likely by the council when a spokesman for the jewish group that appealed against the decision believes the ruling is a victory for the terrorists. it basically implies the jewish organization should be allowed to exist in residential areas it stands to start a full jewish existence and activity in sydney and indeed by creating a precedent the whole of australia and by extension boarding time as. potential terror attacks have already been hitting the headlines this week in australia off to a plot to blow up an airliner was spoiled two men were charged with tara fences on thursday over an aborted attempt to place an explosive device i want to find out of sydney police called it one of the most sophistic

plans for a new synagogue in sydney australia has been burned amid fears it could become the target of an i saw inspired terror attack the decision by the local council was up held in court this week the synagogue was to be built a few hundred metres from the iconic beach but all sorts has ruled it could pose a threat to local residents extra security measures were added to the plans but these were deemed unsightly by the council a spokesman for the jewish group that appealed against the decision believes the ruling is a victory for the terrorists. it basically implies the jewish organization should be allowed to exist in residential areas it stands to start a full jewish existence and activity in sydney and indeed by creating a precedent the whole of australia and by extension boarding time as. potential terror attacks have already been hitting the headlines this week in australia after a plot to blow up an airliner was foiled two men were charged with tariff and sales on thursday over an aborted attempt to place an explosive device on a flight out of sydney police called it one of th

sydney is spectacular. it's fantastic. the people are great. sydney harbor, the bridge. i could go on. i could do an hour on as i understand knee. >> and english is widely spoken. >> much better than here. >>> we have a sydney forecast. it's going to be travel down under. friday will be cloudy with a high of 60 degrees turning sunny for the weekend. a high of about 63 degrees on saturday. going to be great weather for football or any other out door activity. it's a pretty nice day here in the bay area. here is live doppler 7. we have sunny skies across the entire coastline as clouds are remaining well offshore now. here is a view of blue sky over the bay from the rooftop camera. it's 66 degrees in san francisco. right now it's 71 in oakland. 80 at san jose. 91 at gilroy. check out this view looking westward from emeriville. there's no marine layer. it's 80 degrees now. right around 90 at fairfield. on we go to blue skies over the golden gate. these are our forecast features. mild to warm in next few days. hot inland with highs in the upper 90. the heat will ease a bit ea

suffering from an affordable housing crisis for the past few years and the local government in sydney conducted a study in two thousand and sixteen that showed the homelessness rate between twenty fifteen and twenty sixteen increased by twenty five percent just in sydney alone and if you look at the other numbers about their local economy it makes sense since two thousand and six which starting from a longer period behind rent increased by sixty percent. and wages only increased by forty eight percent so again parallels with with the us here we're seeing increases in rand but wages haven't really picked up which is why people are having trouble paying their runs and paying their mortgages so it's certainly not just a problem unique to the u.s. and it's not something that people on the international community have not looked at before too i mean there was a u.n. report earlier this year that talked about the global housing crisis what can you tell us about that so far who is a housing expert. issued a report with the u.n. that basically argued the world is approaching a global housing

we will talk to the chief executive later in the program. 12:30 in sydney. the dow jones at a record and tim cook within reach of a performance bonus worth $44 million. ,e will collect 280,000 shares the total shareholder return of her three years beats two thirds of the s&p 500. hislans to donate most of fortune to charity after paying for his cousin's college tuition. 8%, 7.4% in up over the after-hours session, the company burning through cash at a record pace. efforts to bring the new model three to market. negative free cash flow more than $1 billion in the second quarter, twice the first three months of the year, even so less than the analysts prediction. almostel three has 500,000 reservations. >> nirvana is that we can make the car and pay for the car before we have to pay suppliers. the faster you grow, the faster your cash position grows. that is the promise land right there. rishaad: more on tesla earnings. bucks being spent and ramping up battery output and expanding customer service. he was calling it hell. what does it all tell us about the ele

out of these plans for a new synagogue in sydney australia have been banned amid fears that it could become the target of an isolated terrorist attack the decision by the local council was upheld in court this week and the synagogue was to be built a few hundred metres away from the iconic bond the bond beach but authorities ruled that it could pose a threat to local residents and extra security measures were added to the plans but these were deemed unsightly by the council spokesman for the jewish group that appealed against the decision believes the ruling is a victory for the terrorists. it basically implies that no jewish organization should be allowed to exist in residential areas it stands to stand for jewish existence and activity in sydney and indeed by creating a precedent the whole of australia and by extension rewarding terrorism potential terrorist attacks have already been hitting the headlines this week in australia after a plot to blow up an airliner was foiled two men were charged with terrorist offenses thursday over an aborted attempt to place an explosive device on

past few years and the local government in sydney conducted a study in two thousand and sixteen that showed the homelessness rate between twenty fifteen and twenty sixteen increased by twenty five percent just in sydney alone and if you look at the other numbers about their local economy it makes sense since two thousand and six which starting from a longer period behind rent increased by sixty percent and wages only increased by forty eight percent so again parallels with with the us here we're seeing increases in rent but wages haven't really picked up which is why people are having trouble paying their runs and paying their mortgages so it's certainly not just a problem unique to the u.s. and it's not something that people on the international community have not looked at before too i mean there was a u.n. report earlier this year that talked about the global housing crisis what can you tell us about that so far who is a housing expert. issued a report with the u.n. . that basically argued the world is approaching a global housing crisis because of how many people are being priced

40 of air berlin's planes with slots in berlin and hamburg >>> qantas shares hit a ten-year high in sydney after the australian carrier posted near record underlying profit for the year the ceo said it was proof that the three-year turnaround strategy is paying off and it aims to make another 3$350 million in savings each year qantas confirmed plans to offer the world's longest flight between sydney and london by 2022 i read this could be about 20 hours. i do not want to be on that plane unless it's first or business e-mail the show. let me know whether you want to be on that 20-hour journey the address is streetsignseurope@cnbc.com and of course you can find us on twitter, streetsignseurope@cnbc, that's the handle. tweet me directly @carolincnbc >>> still coming up, kansas city fed president esther george says the central bank is well set up for a rate hike. we'll have plenty more from jackson hole and plenty of discussion in the studio after this short break did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comc

past few years and the local government in sydney conducted a study in two thousand and sixteen that showed the homelessness rate between twenty fifteen and twenty sixteen increased twenty by. five percent just in sydney alone and if you look at the other numbers about their local economy it makes sense since two thousand and six which starting from a longer period behind rent increased by sixty percent and wages only increased by forty eight percent so again parallels with with the us here we're seeing increases in rand but wages haven't really picked up which is why people are having trouble paying their runs and paying their mortgages so it's certainly not just a problem unique to the u.s. and it's not something that people on the international community have not looked at before too i mean there was a u.n. report earlier this year that talked about the global housing crisis what can you tell us about that so far who is a housing expert. issued a report with the u.n. that basically argued the world is approaching a global housing crisis because of how many people are being priced

sydney time -- 10:10 sydney time. this is bloomberg. ♪ anchor: this is "daybreak asia." i am betty liu in new york. yvonne: i am yvonne man in hong kong. washington is in favor of a clean increase in the debt ceiling. the treasury market is not buying it. take a look at my bloomberg. you will see disruption in the market that shows the yield expiring in october, which is in red, and that, you are seeing traders willing to pay more for debt expiring in that month versus the october -- the november 1, i should say, in white. you will see the yield. we do get closer to more debate about this potential debt ceiling. let us bring back david kotok. do you think the market is paying enough attention to this debate? the ceiling debate? david: the market is starting to, yvonne. question is, can we look at places like you just did in that chart? can we look at the credit default swap on the u.s.? the trades in europe, up five or six basis points? that does not seem like a lot, but when there is 150 trillion in u.s. dollar denominated debt worldwide, and that google the derivatives

buns for a new synagogue in sydney australia have been banned amid fears that it could become the target of an isolated spied terror attack decision by the local council was upheld in court this week the synagogue in question was to be built a few hundred metres away from the iconic bondi beach authorities though ruled that it could pose a threat to local residents extra security measures were added to the plans but these were deemed unsightly by the council a spokesman for the jewish group that the pealed against the decision believes that the ruling is a victory for the terrorists. it basically implies that no jewish organization should be allowed to exist in residential areas it stands to stand for jewish existence and activity in sydney and indeed by creating a precedent the whole of australia and by extension rewarding terrorism. potential terrorist attacks have already been hitting the headlines this week in australia after a plot to blow up an airliner was foiled two men would charge with tara fences on thursday over an aborted attempt to place an explosive device on a flight leav

. >> they planned to target flights from sydney to the middle east. developing two separate plots, the first involved placing what is called an improvised explosive device, ied, on an asiatic aircraft. receivednfirmed men components from turkey transported to australia the air cargo. >> it was received via international air cargo to the accused men in australia. with the assistance of the commander, the accused assembled the ied into what we believe was a functioning ied to be placed on that flight. >> one of the men brought the device to sydney airport on july 15. the attempt was aborted before they reached security. failed, theyst bid changed tactics and were in the early stages of developing a chemical release device. four men were arrested last saturday. armed counterterrorism officers homes in australia. 2 men have been charged with planning a terrorist act. a third man remains in custody. australian airports have ramped up security after last weekend's raid. the official terror threat level remains unchanged at probable. >> one of the world's la

haidi: i am haidi lun in sydney. this is "bloomberg markets: asia." ♪ rishaad: the united nations security council condemns north korea's missile tests here it president says all options are on the table. haidi: pyongyang vows to continue firing and says that is a prelude to containing the territory of qualm. rishaad: the president visits taxes and says it is epic. harvey bringing the heaviest downpour in u.s. history. haidi: growing doubts the fed will hike again this year, major applications for other central banks. rishaad: for years they have been the unloved part of the chinese stock market. we are talking about financials, lenders, and 8536, how things have changed. people looking at fundamentals as the big four report earnings. is clear laggard agricultural bank of china, and the winner is the industrial commercial bank. what is happening, these companies have come back in favor, but this one issue has dogged them. china's big bang for banks and their nonperforming loan book. theree worst performer because i

in sydney. haidi lun the third quarter gdp growth above 2.5%, but the question is is it enough to translate to inflation and support another fed rate hike. we are here with analysis. does this mean that wage growth, does this mean inflation? >> i have all of the answers right here. i will start by giving you the numbers. 200-9000 on payroll was above the forecast of 109,000. july headline, stronger when you add in the jobs and provision. job unemployment down. people are coming back into the labor force, that shows confidence. they are seeing signs there are jobs available. are 209. bars the three-month living average upthe green line, 195,000, 15,000 from where it was. this is the u.s. unemployment rate dropping to 4.3%. bloomberg intelligence is looking for 2.5% growth in the second half. it is still far from the 3% or 4% donald trump said he would hit in his administration. the man who might be the next fed chair was on bloomberg television. >> we need to get rid of the regulation that is bog

sydney and 9:00 p.m. in new york. i'm haidi lun. rishaad: i am rishaad salamat coming to you from hong kong. this is "bloomberg markets: asia." ♪ haidi: president trump to restore straining ties with china pursuing an investigation into rp theft. rishaad: america's top general says diplomacy is a top priority in korea, but there is a warning things could escalate out of control. haidi: markets don't seem to care. stocks are surging with traders seeing no chance of imminent war. death by a thousand cuts. noble is downgraded again, moody's worried about default. with all these north korean tensions, with got gold going up late. we also see action on the equity markets reflecting the simmering words taking place between pyongyang and washington dc. i talked to a currency trader yesterday. aboutasking questions what is most, and he said it coin -- bitcoin. bitcoin has gone over the 4000 level. a flight to safety, you could argue. it is mirroring what is going on with gold prices.nonetheless , it is a traditional haven. is bitcoin also

been suffering from an affordable housing crisis for the past few years and the local government in sydney conducted a study in two thousand and sixteen that showed the homelessness rate between twenty fifteen and twenty sixteen increased by twenty five percent just in sydney alone and if you look at the other numbers about their local economy it makes sense since two thousand and six which starting from a longer period behind rent increased by sixty percent and wages only increased by forty eight percent so again parallels with with the us here we're seeing increases in rent but wages haven't really picked up which is why people are having trouble paying their runs and paying their mortgages so it's certainly not just a problem unique to the u.s. and it's not something that people on the international community have not looked at before too i mean there was a u.n. report earlier this year that talked about the global housing crisis what can you tell us about that so far who is a housing expert. issued a report with the u.n. that basically argued the world is approaching a global housing c

lun here inhaidi sydney. we are taking a look at how asia markets are getting the day started, the week started. the job market still not move the needle at all when it comes to fed expectations. dovish rately trajectory propelling equities in the u.s. and here in asia today. taking a look at earnings, when it comes to the side of the world, rish. rishaad: let's take a look at what else we have. the earnings season -- the u.s. earnings season has been stronger than expected. the has commentators pointing to nominal gdp growth, possibly being better than anticipated looking ahead to the third quarter proper and fourth quarter to come. , nine straight record highs. north korea has a geopolitical overlay. asia supporting alongside moscow. sanctions on a country, that is the strongest ever. did not know it was possible to have the sanctions we have. donald trump tweeting a short , well, president moon is very happening with what is happening. sitting on the agenda of the meeting in manila, we have china saying it

been suffering from an affordable housing crisis for the past few years and the local government in sydney conducted a study in twenty sixteen that showed the homelessness rate between twenty fifteen and twenty sixteen increased by twenty five percent just in sydney alone and if you look at the other numbers about their local economy it makes sense since two thousand and six which starting from a longer period behind rent increased by sixty percent and wages only increased by forty eight percent so again parallels with with the us here we're seeing increases in rent but wages haven't really picked up which is why people are having trouble paying their runs and paying their mortgages so it's certainly not just a problem unique to the u.s. and it's not something that people on the international community have not looked at before too i mean there was a u.n. report earlier this year that talked about the global housing crisis what can you tell us about that so far who is a housing expert. issued a report with the u.n. that basically argued the world is approaching a global housing crisis beca

. >>> a football team opened the season in sydney. this year the team is playing an open are down under. scott reese has more as they prep for the experience of a lifetime. >> a college football game on the other side of the world. quite the opportunity. >> we are going to win. >> it is about more than that. >> we want to explore something. it is an of - - it is an unbelievable opportunity. >> this is the first the - - this is the furthest i have been from home in general. >> they have had weeks to get physically prepared for football but now it is about mental operations reparations for a 16 hour flight. and a language barrier. >> do you speak australian? >> it is just english. >> how is your accent? accent? >> i'm not going to try. as for what is generating the most excitement among the players? >> exotic animals. i want to see koalas, kangaroos and dingoes. >> i am excited to see kangaroos. >> stay away from them. don't get close. watch from a distance. [ laughing ] some guys want to mess with a kangaroo. not me. bad idea. wheels u

sydney long was there for one of the viewing parties. krystal klei is explaining what we saw. >> sidney, quite a birthday for people to remember. >> reporter: it was. people couldn't believe their eyes. there were a lot of cheers, high fives and hugs and people celebrating the birthdays on this special occasion. depyett the sun being hot, it gave us all the chills. it was amazing to see how crisp and clear the moon was covering the sun. it's where science and mother nature converge. >> never seen a solar eclipse before. >> reporter: so did the crowds in the thousands both outside the franklin institute. >> so great! it was amazing. you have never imagined what that is like. >> so super excited to be here. >> reporter: inside, the fels planetarium, a front row teseato the totality by nasa. >> i think we first saw the corona, that was the most excited part. >> reporter: for mother and daughter, it is a blessing in disguise. >> i got to see the moon covering the sun. >> we actually just got to see the first totality view and it's amazing. >

sydney time. in hong kong, 9:00 a.m. google has canceled a staff meeting that would've addressed the firing of an engineer for questioning diversity in tech. the meeting was cut after questions were leaked, raising concerns employees that question might be harassed online. james damore said women are less suited to working in tech than men. his firing on monday has accused google of smearing him. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am haslinda amin. this is bloomberg. yvonne: we are counting you down to the major market opens in the asia-pacific. let's get to the global markets editor, adam haigh. volatility is back. it is showing no signs of abating. absolutely, and we have been waiting sometime. volatility not just in the equity market, but bond and currency markets, at or near record lows for long time. iss 44% surge in the vix quite significant, and we see three times as many puts relative to calls come in chicago trading