Paypal confirms it is bailing us commitment to Facebook Cryptocurrency project. Why analysts think that is a wise move. But first, to our top story. Loftyank set some investment goals. So far returns have not lived up to expectations. Have a long still way to go and that makes me embarrassed and impatient. I used to envy the skill of the markets in the u. S. And china. He goes on. There is just no excuse for entrepreneurs in japan, myself included. Joining me to discuss is sarah mcbride. What was your Key Takeaways from this interview . Sarah it turns out that masa yoshi son was being asked about the Japanese Environment and so, you can interpret his results to be more broadly, why arent there more entrepreneurs in japan . He specifically mentions southeast asia. There are number of unicorns out of places like singapore. Its hard to see anything similar in japan. In that context, i think you cant say he was upset at himself over the vision plan or something narrow like that. Taylor rem
A business. The worlds oldest travel Company Thomas Cook stuff for failing to secure a last minute bailout more than half a 1000000 people worldwide holiday with the group. Beginning an operation to bring customers stranded abroad back to britain but it is unclear whether the. Holiday makers as well. Thomas cook holiday makers in the Spanish Island of majorca wondering how they are going to get home. They just how disconnected out of the iberia desk we should get more information from them that were not too sure they still say. Our flight is delayed to. Go one hour and passengers yet to begin their trips looking for clarity. Our customers passengers have a flight booked out from the u. K. Today unfortunately your flight has been canceled dont go to the please dont go to the ports if youre overseas on a thomas cook holiday then you can continue to enjoy your holiday at the cia is launching. This is the largest repulsion since the 2nd world war and we will be bringing home everybody. Bac
Giant announces an updated product line. Welcome to bloomberg daybreak europe. Good to be back ahead of the most important ecb meeting of the year. Trade ineing a risk on asia, green on the screen for the msci asianpacific index. We have a tweet from the global times talking about china putting measures to mitigate the trade war giving lift to risk assets. We see Sweet Nothings on the s p on a headline level. What has been going on beneath the surface for sector and factor rotation moving from more growth to value. Looking flatres, so another day of perhaps not much to do on the headline level. The big moves have been in bond yields. Jumps into year and 10year. Hitting its highest since august 5, down a touch today but sitting on 1. 66 handle. Great to see you and great to be back. Manus yes, indeed. Yields just off the onemonth high. We will talk about what james gorman had to say. To show the oil market because what has gone on is john out. N, this was the biggest pricing dislocation
In part because the chinese did respond to our last hike in tariffs. A spokesman for Chinas Ministry of commerce quoted as saying that escalations of a trade war wont benefit anyone two sides still planning to meet in september of course, much of this rhetoric or communication is what weve been seeing for some time. I dont think any of it necessarily means the chinese are not still in a stance that sort of has them backing off from full engagement that somehow would lead to a deal in the near term. I think it was a surprise olive branch, maybe, taken as good news by the markets that things werent going to escalate even further at the moment but youre right, in terms of a deescalation, theres not much evidence september 1st, this weekend, were set to have a new round of tariffs go into effect on products coming from china into this country smart watches, bluetooth headphones, flat panel tvs, some footwear december includes cell phones, laptops, clothes, and toys the retailers that repor
Intelligence individual. And, in india, however company is to capture the ecommerce market and in coming years. To our top story as the trade ceorages on, seems like the might be making progress in getting the president s ear the f phone calls. That is what via phone calls. That is a President Trump told reporters. He is the one that called. That is why he is a great executive. Others go out and hire very expensive consultants. This one called donald trump directly. I would take their call, too. He calls me whenever there is a problem. Emily pto discuss this and mort to welcome kathy wood. So great to have you here in the studio. What do you make of tim cooks approach . I think this is good news for apple, for technology. Emily the president has the night some of apples formal requests to give a tariff reprieve on the mac pro, for example. How much do you think these tariffs are actually going to impact apple given that starting september 1, we are supposed to see tariffs on air pods,