Today. Phil mattingly previews todays prime earnings. At deals under bob eiger at disney. Lets go to hans nichols in washington. It has been a day of deals, a day of investment. 2 billion from ge, a total of 17 billion. That is the announcement here. Im joined by the president of the world bank, jim kim. Is this summit beyond your expectation . We were very surprised. What we had hoped would happen seems to be happening. What is exciting is that the leaders in the American Business community, who probably did not know much about africa are getting a very different sense of what is going on in africa. Weve been saying for a long time that weve been growing. The debt to gdp ratio is about 31 in the whole continent. Weve got good policies in place. A lot of good things about africa. But i think the ceos did not know right what was going to be and to they got here and met some of the leaders and saw for themselves. And that is Jeffrey Immelt point. Oft hes not doing this out all truism. He has shareholders to please. Is that the message echo absolutely. If we are a little bit more aggressive about queen of the risk capital, about doing the bankable projects, investors will get a strong return and we increased access to elect to see and electricity and lower the price. There are a lot of winwin situations in africa. Also some concerns. Stability, governance does africa have more milestones to hit . I think in just about every country i visit, and can be better in terms of governing. But i think people would be surprised at how much progress has been made. For example, in wanda, the only country in the world with more women legislators than men in rwanda, the only country in the world with more women legislators than men. After corruption, budget overflows, printing money i ofnk those are the africa your grandfathers time, not today. Where do we need progress echo the most important area is energy. We have a situation of almost energy apartheid. All of africa has about the same amount of energy as all of spain. 5. 5 with about two thirds of the people not having access to energy. Those are obviously big projects. You can almost feel the ceos salivating here over the deals. Is this going to be clean energy . What we have tried to do is put every single dollar that we can into building clean energy. And for us, that includes hydroelectric power. Wind power. Geothermal. That africa news is has huge possibilities in those areas. It will we will very much focus on those. I think what the africans are saying is, you cannot tell us to go without power because of the carbon that was put into the air not by us. To thevery sensitive idea that africa deserves to have power and there has never been a country that has developed with intermittent power. That means coal, right . Going to avoid investing in coal in any possible way, because it is the dirtiest form. But at the same time, weve got to respect the africans demand for access to power. A big announcement you made yesterday, 200 million to combat ebola in west africa. Give us a timeline for containment . The reports coming out of the cdc and World Health Organization are talking about three to six months for containment. Ebola is a terrible disease. Its mortality rate is extremely high. But its not like bird flu. Its transmission, you have to have direct contact with fluids. We feel we can get it under control. The problem is, it happened in countries that are also fragile. On top ofs problem their fragility has made it extremely tough. And were doing, completely the guidance and leadership of the World Health Organization, we are providing funding immediately with four basic materials, protective equipment, things like that. And we will really try to focus on building the Public Health kindsystem to prevent this of disaster from happening in the future. Nuance bitals, new clinics across the board new hospitals, new clinics across the board. It is not necessarily the treatment part, but prevention part. We will focus on that. It is an estimate of loss of Economic Growth in those three affected countries. The early estimates, for example, in guinea, we think it will drop a full percentage point, which means a 20 of growth. Gdp will be 1 less than it would have been without it. That is right. A 20 to 25 gdp reduction in guinea. We hope this does not affect the way people see africa. It could have happened anywhere. Are being so aggressive is that we want to send a message that these are problems that are tractable. We can take care of them and get them under control. And we can build a new structure to prevent it in the future. Can i get your idea on of the losses in the other countries . We do not yet know those numbers in that region. Why . Its still very early in the epidemic. The quality of the data in these affected states is difficult to assure, at best. In these kinds of situations, it even more difficult. Part of what im hearing is that one of the successes of this summit is that everyone thinks that africa, a multiplicity of countries, where somebody could be isolated in three countries and not affected elsewhere. Africa is not a country. Africa is not a state. Africa is many different regions at once. And what we so often see you thinkebola, and you africa. There are many concerns, but there is so much else going on that is just fantastic. 22 countries now have their own oil and natural gas and there will be 45 in 10 years. But there are challenges with that. Typically, to extract natural resources, you have corruption. How do you work around that echo at the world bank, we are very glad that so many of the african countries have signed on to what is called the extracted Industries Transparency initiative. This is to be very clear about what payments are going on back and forth. Equatorial guinea, are they clear . Levels of varying concern from country to country. But tell me about your level tell me about your concern for equatorial guinea. We have concerns about equatorial guinea, but we also have concern about countries all over the world. The point is not to blame one country or another, but to have the system in place to detect and go after corruption. We have been developing the systems for 20 years. Toare the First Organization begin talking about corruption. My predecessor, jim wilmington. We have good systems in place. And we know even among the mining companies, many of them are right with us in their determination to fight corruption. The real issue is because the Mining Industry also creates a lot of jobs, so we have to make sure the proceeds from the extractive industry go into investment in human beings for the that is the goal of all this, investment in human beings. Thank you for joining us. With that, back to you, mark, in new york. Hans nichols with the president of the world bank, mr. Jim kim. Up, we look at opportunities for investment in africa. Bottom line continues in just a moment. Two Major Players behind the u. S. Africa business form are secretary Penny Pritzker and former new york city mayor Michael Bloomberg, founder of bloomberg lp, the Parent Company of bloomberg news. Our International Correspondent hans nichols sat down with both and began by asking secretary pritzker about one issue that is weighing on businesses, whether u. S. Congress we authorize the export bank. The president and the administration are 100 committed to getting exim bank reauthorize. It is a fundamental tool that we need to get American Goods sold around the world. X ander countries have banks. We dont want to give up a financing tool for whatever reason i dont understand. This is really important. And there are american jobs on the line. That is what seems crazy to me. The president wants to spend 7 billion, but five billion dollars is for that. There are persuasive argument. But will they be persuasive on fact on capitol hill . We will be persuasive because every district in this country has a company that is selling something around the world, that if it is not their product getting xm financing, then they are applying to a product getting xm financing. Ifshould there be a plan b the reauthorization does not come through . I think they have to focus on getting it through right now. Happen,hing doesnt then they can come up with a plan b. Not a political stunt. This is something that every other country does. If were going to be competitive, we have to do it. If you increase should not do it and you can get all the countries to stop, then we will have a level playing field. We will not have as much business, because this is a catalyst and his people the ability to buy now and pay later. But nevertheless, it is the competitive aspect i worry about. We talk about growth and opportunities for u. S. Businesses. Infrastructure is one of them. Ge announced 2 billion today. They sell high ticket items. Where are the opportunities . I lead a trade mission to just a fewo nigeria months ago. There are enormous opportunities. There are Companies Helping antiww from North Carolina there are country Companies Helping. One from North Carolina that is helping. Theyre working to get more electricity out of their infrastructure in ghana. There is so much opportunity in terms of power, electricity, technology, solar. And what does the president know and why has he been pushing power africa . For yourpower in order economy to continue to grow. Africa is underpowered. Every way you look at it, i dont care how you analyze it. They need hundreds of billions of dollars of infrastructure, particularly power. This year, the president will announce not only deals, but a greater intention around powerful to obviously, power is important. So our roads, getting to and from places. When you look at cities, mr. Mayor, what cities are investing in the right way echo in the right way . If you want to get from the center of town to the airport in some places, it can take a good day. There are clearly not enough roads in a lot of places. It is tough to get around some american cities. To that impedes the ability get to a place for education or medical care or commerce and that sort of thing. One of the things youve got to look at is that technology is different today. You dont have to have the same infrastructure used to have to have. The people in africa have a smart phone. They did not go and run telephone lines all over the continent. Are satellite medications, cellular communications. And the same thing is true for commerce. Africa, in south cape town and johannesburg, thriving, bustling cities. Do they have for people that need help . Absolutely. So do we in our country, and weve got to take care of our poor and theyve got to take care of theirs. And sometimes we can even help each other. Look on the street and you say, wait a second, these cities will be very competitive. The four we talk about these trends urbanization, big cities, the potential for finance, is africa going when you look at investment vehicles, are they going to be the new hl . The new asia . Will be the next hong kong in africa . I think if you look at south africa. There are stock exchanges all through africa. They trade driven this. There is all sorts of kinds of financing that has different risk or files and payment profiles and cash flow profiles. Day and age, things are happening much more rapidly than they did before. Can i build on that . When we were in africa, one of the places we visited was meltwater, where they are training young innovators and entrepreneurs, african innovators and entrepreneurs, and how to make an idea and get it financed and build a business. That is a key part of the opportunity in africa. Helping hunt winners build their businesses with the kind of infrastructure that we are talking about. Buildping entrepreneurs their businesses. With the kind of infrastructure that we are talking about, that is becoming more and more possible. And you dont need anymore to personalificant infrastructure to be able to invent and create, lets say, a new app, a new game. Just amazing what is going on there. And i think its one of the reasons to be very excited. And there is enormous opportunity for American Business. The u. S. Commerce secretary Penny Pritzker and Michael Bloomberg, founder, and majority owner of bloomberg lp, the parent of bloomberg news, sitting down with our National Correspondent hans nichols. Still ahead, the battle within the Republican Party plays out in todays primary elections. We will have a preview of what is at stake when bottom line continues in just a moment. Welcome back. This is bottom line on Bloomberg Television and streaming on your tablet, your phone, and at bloomberg. Com. New yorkers got a scare on monday when it was reported that a patient admitted to a local hospital might have ebola and now hes listed in Good Condition and unlikely to have the deadly virus. Health officials are telling residents they should not be worried about contracting the disease. This comes as two americans are being treated for a bola in atlanta four ebola in appear to be on the mend after an experimental serum was used. Case of desperate times, Desperate Measures . That is right. There is no cure for ebola, no vaccine. Bloodts are given fluids, transfusions, and antibiotics with the hope that their systems can fight off the virus. But with the case of a fatality rate up to 90 and the death toll of nearly 900 from this latest outbreak and in west africa, those measures are far from effective. At the request of the u. S. Charity that works with the two infected americans, dr. Ken rightly, theyncy were given and administered serum and have responded well. It has never been tested on humans until now. The drug is made with tobacco antibodyom an ebola harvested from infected mice. Until now, the Pharmaceutical Company has been little known with only nine employees. They are much more well known now. If the serum had yet to be tested on humans, how did they get the goahead to use it . That was the gamble. Desperate to save their aid workers, samaritans purse reached out to the cdc asking for experimental options. That led to a contact at nih, who directed them to this zmapp drug. The fda has strict drug rules, but can improve Emergency Action under what is called the compassionate use clause. That is what we are seeing here. Us fromyang joining washington. Thank you. Coming up entree six minutes past the hour. That means liver television is on the markets. Olivia sterns is standing by with details. Bloomberg television is on the markets. Olivia sterns is standing by with details. Good afternoon. We did see the equity market drop another bits in the last halfhour. Down about 1 or more right now after comments from the polish foreign minister saying that Russia Military is poised to invade ukraine. Couple ofo watching a individual movers for you. Mgm, the largest owner of the casinos on the last vegas strip reported secondquarter earnings that beat analyst estimates. Gambling rose 6 . Macaus unit is losing ground. High rollers are taking cables there. The brand behind share house posted secondquarter off the secondquarter profit that missed estimates. We will be on the market again in 30 minutes. More bottom line coming up after the break. Welcome back to the second halfhour of bottom line on new on Bloomberg Television. Im mark crumpton. Thank you for staying with us. Lets get a ticket top stories. U. S. Service industries such as builders and retailers grew in july since at the fastest pace since 2005. The nonmanufacturing index increased to 58. 7, exceeding the highest estimate in a bloomberg survey. Itget says it secondquarter profit missed its own forecast as u. S. Sales remain weak and canadian operations continue to struggle. Earningspershare came in at . 78. Analysts projected . 85 to one dollar. Target has been trying to regain shoppertrak founder hackers stole Customer Data last year. And israel has pulled the last. F its troops in the gaza strip israel says it has achieved its goal of destroying tunnels that militants used to stage attacks. In the meantime, egypts official news agency is reporting that is an israeli delegation has arrived in cairo to join talks on a permanent ceasefire agreement. It is time now for the commodities report. Su keenan is standing by. Good afternoon. Taking the spotlight right now is west texas intermediate as prices fall for the sixth time in seven days. Brent crude falling to a fourmonth low, on this speculation that demand will peak as summer driving comes to a close. Refinery activity has already peaked for the year and should continue to fall as demand tapers off. We are all nervous about tomorrows simply supply data. And with the drop in oil and gas supplies. Meanwhile, the head of nesta oil, which gets most of its supplies from russia, says it has not seen any real impact from sanctions so far. From have some 65 coming crude from russia. We have turned that we could turn that if needed. There is an impact in transportation, not just because it is higher, but at the moment, we are speculating. Lets see what is going to happen. Reported they partly missed estimates. Ive and a down day for metals. What is going on . With the exception of gold, which has been swinging between the forecastses, is for goal to reach 1400 by years and as inflation picks up. We see gold separating from the pack. Silver heading for its longest slump in almost three weeks. The story one strategist says to blame it on the dollar when pushing metals lower. For, lower physical demand solar. Meanwhile, pork belly costs have plummeted due to a virus in pigs. No sign yet of the slack in demand. The establishment versus the tea party war that has been raging inside the Republican Party is set for its final battle this week with Senate Primary elections