Systems, bringing it a new chief executive. A month ago, didi received 1 billion investment in apple, now 600 million. Investors are waiting on the fed, the boj, the bank of england. Taiwana, singapore, and start off their trading week. It is a central Bank Waiting Game this week. A bit ofeing quite trepidation ahead of those key policy meetings. Malaysia, singapore, and taiwan joining in the selling. We are still seeing significant weakness from korea, japan, and new zealand. Australia closed for the queens birthday holiday. Is leading the losses in the region. Now at onemonth lows. All of this trepidation has seen a big surge in the, so stocks under pressure, weakness and Commodity Prices weighing on materials and energy players. Out of the 225 stocks on that index, only two are in the black this morning. Korea down by 1. 5 , and new zealand off by. 5 . Futures are suggesting weakness from china and hong kong when they open at the bottom of the hour. A big week, chancellor Angela Merkel in china, and china trade production within the hour. Pricey checking on oil is, weakness weighing into energy stocks, down 1 10 of 1 . Japanese yen and gold surging on safe haven buying. Obama sayingident a massacre at a gay nightclub in florida is an attack on all americans and is being investigated as an act of terrorism. Peoplele killed, 53 injured in the worst mass shooting in u. S. History. What do we know . The gunman has been identified as a 29yearold u. S. Citizen born in new york to parents from afghanistan, omar mateen. A 911 call before the attack at a gay nightclub in orlando in which he claims allegiance to socalled Islamic State. Omar mateen had come to the bureaus attention in 2013 when he made comments to coworkers about links to terrorist groups. The following year, he was investigated for ties to an american who became a suicide bomber in syria. Foundg incriminating was either time, and despite official suspicions, he was able to legally buy guns just last week. He had worked as a Security Guard since 2007. In a statement, the company says it is fully cooperating with Law Enforcement authorities and its thoughts and prayers are with the friends, family, and people affected by this unspeakable tragedy. Responded asidates well, and what if they been saying . Donald trump call this the worst attack in the u. S. Since 9 11, and said president obama should resign because he disgracefully refused to to even say the words radical islam in his remarks. Clintonaccused hillary of doing the same and say he predicted such attacks. Donald trump use twitter to say the following. Clinton, meanwhile, said that while we need to redouble the efforts to defend our country, we need to keep guns like the ones used last night out of the hands of terrorists or other violent criminals. Here is what president obama had to say about the investigation. The fbi is appropriate the investigating this as an act of terrorism, and i directed that we must bear no effort to determine what if any inspiration or association this killer may have had with terrorist groups. What is clear is that he was appurtenant filled with hatred. Over the coming days, we will uncover why and how this happened, and we will go wherever the facts lead us. Fatherver, omar mateens said religion had nothing to do with the killings and that his son may have been motivated by homophobia. Security has been stepped up and gave venues across the u. S. After the worst mass shooting in modern u. S. History. A more we will have detailed look at that story throughout the program and update you in orlando. Atet us your thoughts rishaadtv, include trendingbusiness as well. Data, tomf china mackenzie joins us now. Retail sales, Industrial Production, what are we looking for . Another important day for those of us trying to piece together the puzzle that is the chinese economy and get some clarity on what is going on and been any success with these touted reforms. We will get information on industrial output, retail sales, construction, real estate, and fixed Asset Investment. Industrial output is expected to versus 6 iny april, so staying in line with aprils number, and that will give us some clarity on how much demand there is now, particularly in sectors like steel, coal, and how well the government is doing in tackling overcapacity and reforming those sectors. On retail sales, were expecting the number in may at 10. 1 , in line with aprils figure. A key component is auto sales, because they were soft last month. Retail sales are an indicator of the strength of the Chinese Consumer. The Chinese Consumer increasingly shouldering the board and as the chinese economy switches from manufacturing. Fixed Asset Investment, we saw some weakness last month, so will their bickering confidence in that area. We are expecting that area number to be around the same area as well. All these data points key when it comes to the question on whether there will be more easing from policymakers or whether they can hold the course and ease back on credit as this structural change occurs. We are expecting this data to come to around 10 00 local time. Rishaad thanks for that. We will move to a million miles away, images from the chinese capital, a welcome ceremony for german chancellor Angela Merkel, her ninth trip to china as chancellor. She is hoping to drum up further support for business. Shareholders should have the same rights as local shareholders, crucial and important to the relations between the two countries. She has called for transparency and says no one wants a trade war between europe and china and germany supports a stronger voice for beijing at the International Monetary fund. Up other topic she will drum business for is overshadowed by angst in germany by a bid for the robot maker there as well. Merkel chancellor angela meeting the chinese premier. These are live pictures coming through. She has an inspection of the guard of honor. Lets move to some other stories we are watching today, including news of another tie up in the world of tech. In the last couple of will by blueec coat systems. Cas dealwill finalize the with cash. Blue coat is a Cyber Security company. Its chief executives will take over as symantecs ceo in the Third Quarter of this year. 600 million invested into didi, including 300 million in equity and 300 million in longterm debt. The two companies have agreed to form a comprehensive partnership on innovation. Has formed an International Coalition with other platforms, but does focus mainly on china. Nations twoby the most Bible Technology companies, alibaba and tencent. 1 billion was invested from apple. A widening investigation into Koreas Lotte Group has impacted plans for an ipo. This comes after south korean prosecutors raided the groups headquarters as they investigate allegations of slush funds and embezzlement. Group has said they will cooperate with the investigation. At howake a quick look the shares are doing right now. Shopping down 7 . Lotte chemical also trading lower. Rishaad thank you. Coming up later, after a turbulent 12 months, facing the ax. J. P. Morgan explains why they think the fed could hike rates not once, but twice, this year at least. That is coming up next on trending business. , it is 9 30 a. M. In hong kong and ease of the stories making headlines around the world. The fbi says the gunman who killed 50 people in a florida nightclub had spoken about the socalled Islamic State in a 911 call before the massacre. 29yearold omar mateen was killed in a shootout with police. He was a u. S. Citizen born in new york to afghan parents and had worked as a Security Guard. It is the worst mass shooting u. S. History, and president obama said it is an act of hate investigated as terrorism. He says no expense will be spared to find out what happened. Minister David Cameron says he is confident that the campaign to keep britain in the European Union is working. The latest polls say opinions are too close to call. Remain,rver said 44 with 42 backing brexit. The sunday times showed 43 of respondents wanting to leave the eu, with 42 happy to stay. Contractsits new oil dont need revisions, but is confident the first deals will be signed soon. Says theinister government and regulators have reached a partial consensus on the language, but the deals are 23 months away. Iran is hoping the new contracts will draw as much as 50 billion of Foreign Investment each year from oil companies. Taiwans new leader has blocked her predecessor from making a visit to hong kong. Theoffice says it rejected travel request because it needs more time to make security arrangements. A had been due to address journalism awards ceremony in hong kong on wednesday, making him the most senior taiwanese figure to visit the former british colony since 1949. Powered by over 2400 journalists and 150 bureaus around the world, this is bloomberg news. My next guest says the Federal Reserve is likely to raise rates once or twice this year. Great to see you. What is the thinking here . You are saying twice, arent you . It looks like once or twice this year, but if you look at the future markets, it is less than one time after the disappointing job data in may. Rishaad that jobs data seems like a bit of an outlier. We have a lot of uncertainties in june, brexit, then u. S. Elections. The Global Economic growth is pretty slow. World bank just adjusted 50 basis points down, so we have a lot of concern on the global level that may keep them from hiking too much. If you look at develop ed government bonds, how much can the u. S. High . Rishaad what is that telling us . That is telling us that people are quite bearish on the longterm Global Economic growth, and inflation will continue to be low and lots of countries. Rishaad let me pick up on that. In the u. S. , we are seeing signs of inflation coming back, arent we . The u. S. Is the only exception. Wage growth is increasing at 2. 5 , which is nice. Europe, itst inflation is nothing. In japan, almost inflation. Emergingmarket inflation is coming down altogether. If you combine the world inflation altogether, it is getting lower. Are buyingal banks government bonds pushing them to negative yields. Rishaad that is it, isnt it. Lets look at the bank of japan. His Monetary Policy quite ineffective . Pushing on auroda string with monetary stimulus and further moves into negative Interest Rates, while at the same time he is waiting for something to happen . Yes, people doubt the effectiveness of monetary easing. ,conomic data is not improving in july,eriorating, so maybe they come with some surprise stimulus from the boj, but inflation is still falling faster than the rate is cut, so effectively the real rate is not falling in japan, so there is a bigger challenge. They have to get inflation up to create a negative environment. Easing is not going to do the job. Bank of japan has been looking at this very closely and have gone to negative rates. One member of the policy board has thrown away that inflation target. They realized it is difficult to achieve the 2 given that so that thereed strategy is not working well. Rishaad it is an economy which is perhaps languishing, not doing very much, but it is strange how the yen continues to get stronger. Why is that the case . People just dont believe Interest Rates will stimulate growth. Hike the u. S. Rate cycle is potentially less than one. Time, you have the pressure of less rate hikes from donts. , and most people have confidence in the policy, so there are a lot of macro risks in the second half of the year, so that will drive a lot of demand for yen. Rishaad great talking to you. We have to take a break. Coming up, chancellor Angela Merkel on a business trip to beijing. Mayd for a robot maker hinder her talks. All that and more next on bloomberg. Rishaad chancellor Angela Merkel in beijing. The opening reception there, her welcoming party. Shes there to drum up business with china. Robot maker could be overshadowing her visit. What do we have here. Is the name of the company, but this is the latest takeover by Chinese Companies in germany. Shes calling for equal access, but there is growing concern in germany about what the chinese are buying, a lot of technology companies, pressure growing, the purchases are creating tensions. , so sheher ninth visit completely understands the importance of the relationship. Rishaad thats just it. She wants transparency as well here. This is all a diplomatic game. All these chief executives are on her plane. Made somend she ,orceful comments yesterday taking the boxes of what she should be saying, but she is probably more concerned about what is happening at home over the chinese incursions into the German Market and what she will get out of this trip. Rishaad we will be monitoring headlines for this. Andrew davis with the latest. Right, japanese online recruiters reach looking h looking tozreac raise funding when it goes public in five years. Bizreach operates a paid membership website that connects job seekers with recruiters and Companies Looking to hire. Name its china chief as chief executive of the u. K. Supermarket chain, sky news saying an announcement could be made this week. Asda ceo to be named by walmart. Official investigations into a defunct airline are making it difficult to make a deal on debt repayment. He says there are no basis for inquiries by the enforcement directorate. He is living in the u. K. At the moment, but insists that he is not a willful default or. Have in thiswe declines, therld, nikkei 225 off 2. 9 . Very close to that psychologically important 16,000 level. And southhe kospi korea. We are four minutes away from the start of the trading day in hong kong and shanghai. No trading in australia. More on the orlando nightclub massacre. We look at the horrified reaction on social media as we count down to market opens in the Greater China area. Get ready for the rio Olympic Games by switching to xfinity x1. Show me gymnastics. X1 lets you search by sport, watch nbcs highlights and catch every live event on your tv with nbc sports live extra. Im getting ready. Are you . X1 will change the way you experience nbcuniversals coverage of the rio Olympic Games. Call or go online today to switch to x1. A look at our top stories. The gunman who killed 50 people and americas worst mass shooting had been working as a Security Guard since 2007 omar mateen. Omar mateenwas 29 years old, a u. S. Citizen born to afghan parents. Investigated him twice before and said he declared allegiance to socalled Islamic State in a phone call just before the massacre in a gay club in orlando. The president ial candidates have been sparring over the orlando attack, with donald trump it proves he is right on islamic extremism, and Hillary Clinton has called for increased gun control. She said weapons of war have no place on our streets. Donald trump saying president obama should resign for refusing to use the words radical islam. It was more than a nightclub. It was a place of solidarity and empowerment, where people had come together to raise awareness, does begin mines, and advocate for their civil rights. This is a sobering reminder that attacks on any americans, regardless of race, ethnicity, religion, or Sexual Orientation is an attack on all of us. To buy blueantec coat systems for just over 4. 5 billion, financing the deal with cash on hand and 2. 8 billion of new debt, saying it expects net savings of 150 million a year. The bluecoat ceo will take over symantec after the deal is done in the Third Quarter of this year. We are getting underway in hong kong. Shanghai is looking dismal. Not the strongest of pushes from wall street. A pretty negative start to the trading week. Tokyoet strategist and has told bloomberg this morning that the market hates uncertainty, a big understatement. Quite a lot of selling coming through as we wait for keys centralbank meetings. The fed on tuesday, bank of japan this week, and bank of england, and the leave vote is gaining further traction, so all of that played into what we saw on friday, and we have followed suit in asia. ,ong kong down by almost 2 only two stocks higher, some weakness from casino stocks and retail players and shanghai. Lowershare market opening , banged in line with what futures markets were suggesting. Almost 3 ,225 down leading those losses. Are seeing the stronger yen way into export stocks as well. Australia is closed for a Public Holiday. Elsewhere, widespread selling across Southeast Asia. There has been a note out this a papersaying that manufacturer could be one of the main beneficiaries of shenzhen connect. Its not doing well today that will. Well today. Kong following that downward trend, the weakness in Commodity Prices as well. The money is in safe haven thets, the dollaryen, dollar weaker against the yen, the yen up by three quarters of 1 , now getting close to break through that one of six handle. 106 handle. The imf urging china to tackle rising corporate debt or risk a dangerous e2 ors as it attempts to rebalance the economy. Detours as itt attempts to rebalance the economy. It is a shot across the bow from the imf number two. David lipton is theyre doing their annual assessment of chinas ec