Thats all the resource tech higher in the cpi. Right now, we had several stories making the rounds with regard to what is happening. The 10 year yield, the noise at the moment that we can see the bank of japan Balance Sheet starts drinking start shrinking august of next year with redemptions and the like which may lift yields on the japanese bonds. Australia 10 year yield from the reserve bank, effecting things. Bund, looking at ahead of the talks. Deal on thea mini table that does it move the dial in terms of Monetary Policy . Commentators are suggesting it doesnt. It is too small a deal and has not been signed. They are penciling in another rate cut toward the end of the year. Which we are talking about the fed, trade very much at the fore again. Havee china and u. S. Emerged from last weeks trade talks with different takes on who and what was in this deal, and both sides say there are details that need to be hammered out before anything can be signed. Lets get to Tom Mackenzie, watching this all out of beijing. Where do things stand right now . From fanfare on friday in the u. S. To the reality check even hade a steve mnuchin, the treasury secretary saying we expect s and ouralk sources in china saying they want to get some of these details nailed down before they put the paper for xi jinping to sign, maybe at the summit in chile in november. We hear the chinese are pushing the u. S. To hold off on the additional tariff hikes planned. That would go some way to addressing chinas longerterm concerns concerns, longerterm they want a complete deal. Mistrust, and that is why you are getting linguistic changes in china in terms of how they are reporting this, state media and officials. They do not want to be trumpeting this as a done deal, because history has reminded them that they have been whipsawed in the past by getting what they think are deals and only for trump to turn around and slapped tariffs on. They are very cautious and looking to get more details ironed out. Down the road, we have phase two and phase three Like National security and human rights, huawei, all of that. A great deal of complexity ahead of us. David pun intended, i imagine. Remind us what weve got there. Tom there were twoey takeaways, Consumer Prices the highest since 2013. A major component work food prices up 11 ad court prices, swine fever pork prices, swine fever having an impact prices up almost 17 . 3 above the forecast. In terms of producer prices, those were in line with forecast, falling 1. 2 . There is a question mark over to the extent on corporate profits and makes it that much harder for companies to pay off offsre debt and in terms of investment, how much will they be investing given the uncertainties around trade and everything else. It makes that picture much more murky and the diversions in Consumer Prices make it more difficult for the pboc to act. Those are the Key Takeaways from the inflation data. Looking ahead, more data out of china at the end of the week , all ofith retail sales that coming out at the end of the week. More insight to help with chinas economy. David new credit numbers, as well. Good stuff from Tom Mackenzie out of beijing. Rishaad an avalanche of data coming out. Lets look at market action. Mliv, doubts remain over this trade breakthrough. How will markets behave ahead of in chile . Meeting c in i understand there is a lot of uncertainty and doubt over the deal because a lot of things have to be put down in writing. Thats why they are Still Holding talks with the u. S. So chile. Meet in some of the positives for the , prices have tumbled with the yuan when the talks failed in may in august and august but prior to last weeks hass, the agriculture index stayed on the firm side. Was hlight last night the chief editors in the global times said he sees strong will on both sides to make a supersensitive ahead of a trade alliance but a little more positive this time. Yvonne kyoungwha kim, thank you. Lets bring you back to those pictures of the Legislative Council where chief executive carrie lam this will is still speaking with reporters and speaking about visits from eu and u. S. Officials. Lets listen in. I have decided some time ago, well before this unrest that perhaps it is a good idea to give a comprehensive account of what we have done since we took office on the first of july, 2017. In addition to the policy what we callf, policy address supplement. The policy address supplement is an account of each and every policy area starting from our philosophy. What is our philosophy in housing . What is our philosophy and education . Supported by the progress we have made in the last two years. Im happy to say we have announced some 500 initiatives in the last two policy addresses and achievement rate is close to 97 . Initiatives have either been completed or in progress, according to the plan, and then we will present some of the challenges we are facing and finally, list the new initiatives in this years policy address. Despite the problems we are facing, which means we could not put in a lot of time and attention to the production of this policy address, we have come up with over 200 new initiatives in the various areas. My principal asked officials if they could go out to talk about the policy address isore my delivery, which very unusual. Previously, every policy address and budget was kept highly confidential. Nobody should talk about it, but this year, because of the uncertainties, the financial secretary has announced a whole range of initiatives to help the economy and provide relief to the people. The respective secretaries have talked about their new initiatives. For tomorrows policy address speech i will make in Legislative Council chamber, i will be more focused and im sure you will agree that the most important livelihood issue that a chief executive should address would be housing and land supply. Thank you very much. Ms. Lam, the discovery of the homemade bomb and detonation in your police car, we hear it is identical to devices used in terrorist attacks around the world. Do you consider that homemade bomb to be an act of terrorism . Will it change your approach moving forward . Also, we are hearing from Police Sources there is concern that of those who have been arrested, many are being released rather quickly on bail, their cases not being processed quickly enough, therefore there is not much of a deterrent and many of them go back out on the streets and continue to engage in the kind of activity we saw over the weekend. Can you respond, please . My First Response to your question about the escalating violence and the use of these homemade bombs and very deadly thisks on the policeman is gives us Even Stronger determination to end the violence. Have said on many occasions that violence will not give us the solution. Violence will only breed more violence, so for concessions to me made be made simply because of escalating violence will only make the situation worse. On the other hand, we should consider every means to end the violence. Secondly, about the bail treatment, this is the same answer i have given to the question about special courts to dispose of cases arising from these social disturbances. This is a question for the prosecutor and for the courts. Im not going to interfere or even comment on whether these bales have been granted bails have been granted appropriately. As i said, i dont want to comment on the judicial proceedings. Im sure the prosecutor and the judge have taken all factors into account in that arrangement. Yvonne there was the chief executive carrie lam speaking to reporters. Question, talking about the latest attack, homemade bombs detonated by police officers. Also, attacks on a Police Officials on Police Officials, as well. This doesnt change her tactics to respond to the arrests. She says they are considering every means to end the violence, she has a strong determination but she said concessions in the face of violence will not help. She mentioned her policy address tomorrow and it will be a more focused one, supplement focused on land and housing. Rishaad a lot on this as well as the underlying causes for the protests in the streets of hong kong. Prices, exorbitant weve had Property Companies saying they are releasing more property and releasing more propertie at reduced prices that we will have to sees what steps they can actually do, they can take to lessen the burden on the residents and citizens of hong kong. David we will likely get confirmation of what a lot of, economists are saying, that we have entered a recession in hong kong. The gdp numbers highlight the social and financial problems out there. We will bring you more from this conference on bloomberg. In the meantime, we should rishaad i think we have the reserve bank of australia minutes out. Gun . Any bullets in the su thank you very much. We will begin with the reserve bank of australia, saying the case for taking the below 1 for the first time outweighs the pros by dwindling ammunition. Minutes from the october meeting show in considering a cut, the governor noted threats to global g global easingn and domestic unemployment lowering the cash rate to a record 7. 5 . Response to trumps turkey, trump is imposing sanctions on turkey for its military incursion into northern syria. A statement, coming days after he effectively cleared the way for the offensive by pulling u. S. Forces out of the area. The sanctions will increase steel tariffs back to 15 and pause trade negotiations. The turkish army claims to have killed hundreds of terrorist since last week. In hong kong, the protests may have taken a dramatic turn, the police saying a homemade bomb was detonated near a patrol car. The bomb Disposal Team said the 10ice was saet off meters from a police car sunday. No one was hurt in the explosion but police say the intention was to kill or seriously injure officers nearby. Police say the bomb required some knowledge of chemicals. Defendedcompanies have factory operations to assess the damage caused by typhoon hagibis over the weekend. Saytronics manufacturers facilities and worst affected areas were flooded, and that forced the shutdown that can last a week. The storm killed more than three people and left several missing. The monetary damage is not known. Global news 24 hours a day, onair and online on tictoc and twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im su keenan. This is bloomberg. Rishaad going to be talking to a fashion icon in india, striking a balance between highend clothes and empowering birrell men and women. Dont miss rural men and women. Dont miss it. David we care about why he sees where he sees the china business, his vision correction business. Hong kong shares are up about 50 . That is coming up next. You are watching bloomberg. Yvonne lets talk about the remarkable debut in hong kong today. Euroeyes, a germanybased provider of Correction Services opened more than 80 higher after raising up to 527 million hong kong dollars at its ipo. Shares close to up to 5 up. Us, jorn jorgensen, ceo. Tell us more about why hong kong and why now . We have been on the market in germany for 35 years and in denmark and we are a Market Leader in germany for that. We have been in china for seven years. 2013,rted in shanghai in and have six clinics now. We see china as our coming market and it is the reason we go listing in hong kong. Doctor, how much money did you actually raise . Are you exercising allotment and what do you plan to use the money for . Money, aare using the Capital Increase of 20 private percent 25 and the ipo today has been so far very successful and we are going to grow in china. China is a very Common Market for refractive surgery and i diseases, eye diseases and we are bringing made in germany services, technology to china. The is the reason we have money, for future growth. Have a growth plan in place and well grow over here with our german doctors, scandinavian doctors here in the coming years. David right, and im curious, do you have a like for like competitor in china in terms of your Business Model . What is the regulation surrounding what you guys do there . Jorn well, we have many creditors competitors. The government hospitals in ns on, our other big chain the market listed in the Chinese Market and Hong Kong Market but we are different. We are trying to put in as euroeyes, were trying to bring in made in Germany Technology and most of the surgeons in the euroeyes clinic, they are from germany or scandinavia. We are trying to do what we have been 25 years in germany in quality of vision, we are trying to do the same in china. Youaad i think started the first lay sick clinic in germany in 1990 in germanyry clinic in 1993. How has it evolved and where are we with it . Euroeyes jorn today, when you are doing laser vision correction, you are doing small keyhole incisions, much less traumatic, you are calling that smile surgery. The second part, we have done this worldwide with lenses taking care of a huge coming market where we see many of the people who are 45 plus who need reading glasses or progressive glasses. Andave done a lot there this is what we are doing in china and a lot in germany. This is one of really where we are specialists and where we have a great deal of experience. Rating eople, get getting rid of reading glasses and progressive glasses. Yvonne doctor, how have Government Policies been . We talked about the gap between the private sector and public hospitals. Going as your Expansion Plans, what is it moving forward . Any plans to move to smaller cities, too . In theell, we are sized cities, beijing, and we are already. Uilding a clinic china is one of the biggest luxury consumers worldwide and we are an alternative. Go to dublinish to hospital and others choose a german brand. That is what we are trying to build on. There are many good chinese doctors in china, but we are different and that is what we are going for. We have concentrated the first first cities, now we are going to second and third cities. Rishaad regulatory bodies and how you conform, i want a sense of if something goes wrong and im sure it doesnt go wrong very often with one of your surgeries, who covers the liability . In bridging or germany or france, the state health would be looking after you but what happens here if something goes wrong . Do you have that covered . Jorn very good question. We have been there seven years so we have a little experience. First of all, you need to be very good. You need to be good quality of surgery in china and fix it yourself. We have very good surgeons out our huge we know from experience we have had in germany in 25 years, so in this way, we can fix it ourselves and you need to have it fixed. It is another situation in china. Rishaad who pays . The patient pays, out of the pocket. What do you mean by who pays . The operation . When you have a patient who is unhappy, we would take care of that ourselves and we would take care of the cost. Guys final question, you made 43 Million Euros last year. About one third of that came from china. How fast growth do you see fear Chinese Business . Well, in china, our business is about 35 every year. Outperform markets. Both david and i probably need corrective surgery, so we will bear in mind what you are doing. Great day for your debut in hong kong. David we are headed into the tokyo lunch break. The market, reopening and the only market keeping things afloat here. A full round up his next. This is bloomberg. And everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. You can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. All with millions of secure wifi hotspots and the best lte everywhere else. Its a different kind of Wireless Network, designed to save you money. Switch and save up to 400 a year on your wireless bill. Plus, get 250 back when you buy an eligible phone. Thats simple. Easy. Awesome. Call, click, or visit a store today. It is 10 20 9 a. M. In hong kong and shanghai and 10 29 p. M. In the ark. Im sticking with the first word headlines. We start with hong kong, chief executive carrie lam continues to defy her critics and insist she will present her legislative agenda tomorrow in her regular Weekly Briefing she denied hong kong is akin to a police state and also repeated that violence will not help find a solution to the cities months of unrest. Carrie lam spoke after 19th straight weekend of street clashes and described protesters as rioters. Hong kongs defective central bank is lowering the capital buffer at the banks to support the weakening economy. Hkma chief executive says the buffer will come down from 2. 5 to 2 immediately. This to allow lenders to be more supportive. He says indicators signal the economy in hong kong has deteriorated significantly since the protest began in june. In china the country is hesitating over President Trumps partial trade deal, sang more talks are needed before any signing can go ahead. Sources in beijing say buys premier may lead of delegation to hammer out more details of the potential agreement which could then be signed by president xi jinping and President Trump at next months aipac tocsin shelley. Meeting. Police and protesters clashed at barcelona airport as the secession argument burst back into life. They gathered after leaders of the Separatism Campaign were jailed, some receiving 13year sentences. The sentences triggered an angry response from top of our coach was a prominent supporter of catalan independence. He described the ruling as an except about that 1 rate. To india now. Describe the ruling is unacceptable in the 21st century. And kashmir two months after the regions just and kashmir,mmu prepaid mobile services will continue. And there may be use of internet to remote antiindependence. Global news 24 hours a day and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. I su keenan. This is bloomberg. Cash marks in japan went into their lunch break and as we mentioned a couple of minutes back that is the only market keeping things out float, the rest of the region is flat or sideway or vines are down. 10 year dell 169, dollar and china steady thereafter. Inunless tepper medic less diplomatic terms, is a boring fix. Because be revealing, a concerns as well. Watching closely inflation at a one year high, food prices outpacing. This 3000 level, i like or dislike you, we hit our head on that level. This takes us back into the headline risk out there. David there ago, 3000 level, we bumped our head on that and your. Ottom advances decline ors donald trump says phase one almost done, it turns out we were in phase one of phase one. View. Jing has a different the opportunity still there in china asian market. Asia head of investment at j. P. Morgans with us. Thank you for joining us. We going into earnings. Just before he came onto air. Richaad already says whatever biggest concerns per why and what youre looking for. When were looking the attractiveness of any franchise, it is the earnings generated over time which matter. Over the last couple of years we have seen for a variety of reasons a downgrading of earnings expectations which has acted as a headwind for markets. When we are looking forward, selfevidently, what we want is a good pickup and earnings. It would be the disappointing of that not coming through which a be a key in to watch a markets now. Out to you. Stands it was korea at the bottom of that a couple of months ago and at the top you had india and some markets in Southeast Asia. Is it the same now . A i think we identified is bifurcation between economies that are more exposed to trade and economies which are more exposed to domestic demand stories. In a place like india, we still see the Financial System notwithstanding a very strong longterm growth story there. In korea they have a much sharper bounce. If we get a resumption in business as usual for global trade patterns and the economy. It depends on how companies are exposed. Yvonne so the downgrades have started to slow down a bit as of the start of end of august. Are you seeing signs of a bottom now when it comes to earnings forecast and when we start to see the revisions go upward . It depends by sector, inevitably. Optimisticors a more outlook, conversely there more sectors to the region where we think things will wait for longer. Of time. The key is to look company by Company Rather than too many broadbrush statements about markets or a sector. One exception would be samsung. Luminary earnings two weeks back and the assumption people are making is where their chip prices rebound kind fan when when they and if and do it has an after effect when it comes to the economy and others within that as well. What assumptions are you making about some sun or korea echo samsung or korea. The korean market in the last year has dramatically underperformed the chinese asian market despite that trade tension we are familiar with is between china and the usp in other words, the korean market is more exposed to u. S. Chinese trade tensions than the chinese messick market. And the japanese trade sanctions. That hasnt help but the point is that where a company is listed and Words Business is generated and how the stock will perform, is not something the same in all cases. If we see an uptick in trade in korea we will be a beneficiary of that. Samsung is a were markley good company and they will weather this. Is a remarkably good company and they will weather this. What would you do at the moment . Put your cash under the bed . Asia, what you like . Very like asia as it is a broad liquid and efficiently priced as a class. To messick tours, or food seasoning which sounds are markedly prozac it very big business. Remarkably is a big but it is a big business. All these are close to trade. Question, a discount with the hshare, dubai the hshare instead and wait perhaps for the boats to equalize due by the hshare. And our strategies we do have some hshare weather for a delisting but week would pay a cheaper price for the same as that if you get that could but all these companies have an asia listing as well. Another area where focusing on market. N asean 12 years ago they were the darlings of asia and they have been unloved for long. Of time. Not least because the obvious place part marginal fdi spend now is in Southeast Asia rather than north asia for variety of lesions not least cost benefits. We have seen a lot of interest veryean, and it is a large, diverse, growing part of the world. There a lot of interesting names there as well. Yvonne the trend we saw a few weeks ago with a big surge rotation out of growth into value. That came to a screeching halt last week. Can you continue to abide right some of these sick for can cyclical value names. That is a very interesting point. The same performance of growth over value has been notable for years. The key is to make sure when youre by growth your buying quality growth. What you do not want to do is buy low quality growth for the sake of the growth in us and risk watching the equity employed if you get a combination of derating and earnings miss as. Growthiness on the converse side, a lot of value that is worth investing in and more income in asia more income producers in asia than many realize. Since we are talking value and growth, hong kong has been battered the equity markets put im sure there are good companies. As a Value Investor do i still keep those assumptions that there is value there, or are underlying assumptions changing . David Msci Hong Kong and within that market. Very cheap. There some highquality trench sizes here in hong kong and obviously earnings and asset values have been under some presser. But over time the acid buys were processed. If you get up blue chip franchise at a really good price it is well worth exploring. Thank you. Still had a blue burke markets, over to mumbai to the bloomberg how they are posing for diversity in the workplace pushing for diversity and discussing actionable plans for inclusion. On the way. Politicalother situation to tell you about in south korea. The president moon jaein has made a public apology after his Justice Minister and close confidant bowed to pressure and resigned just five weeks into the job. Lets go to our reporter u. S. Been following the story for us. Ins sparked a lot of protest south korea. Why was there such strong opposition to the justice chief . There was opposition to the justice chief and the appointment even before he was nominated because there were these ongoing investigations surrounding not only his family, but himself as well. He was facing allegations of having abuse of power to help his son and daughter get into prestigious universities in south korea including medical school at law school. This hit home for many millennials and many south Korean College students they have to go through a rigorous admission procedure. It goes against what he had vetted against, which is corruption and using people using their authority to favor family members. It is also facing a question will investments into a private equity fund as well which is not help the investigation nor his repetition. Theyre probably initial parallels to what is happening now to others. Can i look at those two things and conclude that is a logical way this story would unfold . Is exactly the hypocrisy the protesters are calling him out far. He is one of the people protesting against the former administrations actions of corruption and abuse of power. In a way, his close confident it seemed to be doing the same exact thing. He had vowed to root out corruption and put an end to this and he used the word reform for prosecution in order to prevent such things from happening. For him to appoint somebody that is facing similar allegations does not help his reputation and does not uphold a certain credibility for the president to follow up with and to be consistent with what he pledged for when he first took office. David thank you so much. Richaad if you asked the Hong Kong Government today whether they have imposed a curfew, the answer as we heard from carrie lam would be a resounding no. But for residents the answer is different. The subway system was sub down for a week the set was was shut down for a week limiting the movements of people. Is this area under the factor curfew . Sayingesters have been for a week. The city functions really well when the mtr is working it when it stops working, the city devolves into chaos. People cannot leave and do not know how they will get home. The police for months have been altering and helping alter the schedule, shutting down stations when there protest nearby. Whereng routes, changing the trains run, to try to clamp down on the protest. Since the police started denying permits for some of the larger gatherings, protesters changed tactics and started disappearing into the mtr, peering somewhere else in the city and loggia protested there. In some ways the mtr became part of the protesters plans and also became part of the police plans to try to stop them. They faced questions from both sides. Anger did his curfews protesters more, is that what we are seeing tensions escalated again . I think we are seeing a situation where instead of having mass rallies or tens of thousands of protesters were able to take Public Transit to some of these big gatherings, youre seeing more about men of the wild cat protest where they are getting increasingly violent per smaller groups of people and more radical dedicated protesters there in smaller groups. If the government was trying to clamp down on the protest, in fact you do not have big huge protest but now you have really isolated, really violent ones. We have a stabbing, theres an improvised expose device over the weekend. In some ways, the violence is getting worse even as the protesters are shrinking in number. Yvonne are asia government editor joining us in on the latest in hong kong as we count down to carrie lam and her policy dressed tomorrow. We are also coming down to the indian session as well. Bloomberg reporter standing by in mumbai. Consolidatedfte and Foreign Investors turned into buyers and yesterday session peered what is expected . Oday ar e under 20 Million Dollars from Foreign Investors yesterday. Post aex management to positive close by. 3 . Bank did ok, not the usual outperformance you anticipate. But half 1 , we will take it. More the market staying more bets you what corporate earnings are to show up. You have a slew of i. T. Companies and banks touche keep an eye on. From the banking space. The talks earlier. Looks like acid quality could continue to be a problem in this quarter. Those factors will be watch out for. Asset quality. David granular hit is tanya unilever. Hindustan others how to be spec stocks to do today . Most of it is factored in from hindustan unilever. You have seen the stock move of the last two days so not a very big bang reaction to the numbers. But the volumes have come in at the higher end of what the street was expecting. Volumes were 3 to 6 in volume growth of about 5 , the Gross Margins expanded by 250 basis points on the back of lower input point cost prices. All the parameters and very marginshe avid data and , all of these factors exceed excitations. From 2250 ice 2250. Another i. T. Name from the index itself. Lutz martin where look indoor the fashion morehead as we look at the world of fashion and 82 five 5 trillion industry. This is bloomberg. Yvonne a quick check on the headlines. Saudi aramco production facilities damaged by missile strikes is back to normal a month after the attacks. The company is pumping 10 Million Barrels of oil per day, the same level as before the september 14 strike at the Processing Plant and oilfield. The aramco attacks inflamed tensions in the gulf with iran being blamed and charon denies any involvement tehran denies involvement. The worlds gold producer 806 he finally dollars Expansion Plan that will extend its profitable operation into the 2060. Idea isouth wales, forecast to have annual average gold output of 380,000 ounces over the next 40 years. Thats per month over the next 40 years pretty w steele appealed to the court seeking immunity after against future litigation after alleged accounting fraud totaling 800 million. The court ruling deals a blow to the Modi Government efforts to deal with the debt. David a major player in asias beverage space. Richaad looking to expand internationally trying to become one of the regions top drink maker. It is hoping to be that to be the next red ball as it based drinks enjoy certain popularity. The ceo is telling us how he plans to achieve that ambition. Up to this point we have invested in three factories within vestments of 500 million for the first phase. In the next five years, we will invest 500 million more for the second phase. We want to resells revenue of 1 billion within the next five years we want to reach sales revenue. Sales goal, wet will continue to expand internationally around asia and to construct our Distribution Channels in countries where we already have introduced the product. Do you aspire to be the red bull of asia . It is thps vision and what we strive for however it depends on the competition in the market. We are not the old ones in the business peered out competitors also have their own aspirations. It is only a matter of time for us to achieve our vision. What are the m a opportunities thp is looking at . We are open for m a, however it is crucial to find the right partner to support each other. We will have strength in numbers but having the same target is important. We are ready to open up to Strategic Partners who have the same vision. That way, we can have the same spirit so we can cooperate to make one plus one equals three. David speak your consumption there we had a very good conversation. This time of year we will be talking about food inflation issues in china and india. Start because we got Inflation Numbers from china. Headline inflation for the 2013 hi. You probably do not see it. Park Price Inflation is blowing the scale out of my chart and tossing the scale out of the window. 70 of yearonyear for the month of september when it comes to pork prices. The highest level since 2013 for inflation. In india a similar problem but not as extreme when you look at food prices for the first time, your blue line, for the First Time Since 2016 that youre seeing food Price Inflation outpace headline inflation. Is it a Monetary Policy issue or a social issue . At one point does become a problem for bond bulls . Whene this next chart doves cry. Kateis a does this, onion prices are the map for the does this complicate onion prices are the map for the rbi . Inflation was out late monday, something to react to hear as well. Quickly, markets looking like this as we wrap up the morning session for tuesday. Japan the only one that stands out. It is reopening. It is rubbing today, the rest of the region obviously day one was very different. The sorted doozy has, that reposition that we had. Over trade and then the enthusiasm that reposition we had. The markets flat with the exception of one that is catching up. Plus thailand is reopening as well today. A lot of things to watch sale. Yvonne we are also watching ping on Securities Group here in hong kong they announced they have suspended trading for the day peered where not sure why. We did see the shares down more actuallyere before the suspended it. The last two days we have seen losses of more than 10 . We will bring that information as he got it. This is bloomberg. From the couldnt be prouders to the wait did we just winners. Everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy an eligible phone. Call, click, or visit a store today. Taylor i am taylor riggs in san francisco. This is bloomberg technology. Coming up in the next hour, full control. Wework considers a softbank bailout as they are running out of cash. We have the latest. Plus, cutting losses. The uber ceo says they have fired hundreds of employees,