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destroyed three central sri la nkan villages. three bodies have been recovered. tensions escalate between the u.s. and china over disputed international waters. two chinese fighter jets intercepted an american reconnaissance plane over the south china sea. the jets came within 50 feet of the u.s. plane. ruledrado jury has cinemark holdings is not liable for shootings in 2012 that left 12 people dead. they could not have predicted an attack from gun man, james holmes, sentenced to life in prison last year. i am mark crumpton. bloomberg west is next. emily: i am emily chang, and this is bloomberg west. coming up, a question of trust. did a high-profile meeting with mark zuckerberg convince conservatives that facebook is a friend? we get details from someone who attended. plus, google and xiaomi a plan to take on apple and amazon. i caught up with xiaomi global vice president and former google exec, hugo barra. and dyson s second wind. the manufacturer is reinventing m ....
slightly in positive territory, expanding three days of gains. dow jones little bit higher, gaining .1%, also a fourth day of climbs. the nasdaq, though, in negative territory, down .2%, and reversing four days of gains. morning, it this as 2120 six,slow but it clawed back most of those losses and is currently unchanged. we are seeing these industries known as defensive are the best gainers. financials and banks currently unchanged, but if this does turn negative, it would in sixe first decline days, which would be the longest winning streak in three months. we are also seeing energy shares declining. of course, we have crude oil reversing gains. some of the biggest decliners, mostave chesapeake energy folding 6%. we also want to take a look at crude before we go. that is huge right now, falling 4%. ,ake a look at that tumble industry data showing fuel inventories unexpectedly grew adding to concerns of oversupply. crude is now hanging around $45 a barrel. david: than ....
shift in preference toward developed markets. australia is up for the eighth straight week. closed. nothing life-changing, though. a preference toward developed markets. look at taiwan, for example, this is a very good symptom, if you will, looking for a place to be part. the latest member of the bull market club in asia. number eight across the asia-pacific. something to keep in mind. i was talking about the rmb, take a look at the shanghai composite. we are seeing a lot of pressure on this market. pressure on asome lot of these developers, materials, cement. have a look at some of the main benchmarks. we are seeing some pressure. up with thethings kiwi dollar. dropped early this morning following inflation data. at these levels for the most part of the morning. yvonne: thank you so much. softbank said to be nearing a $32 billion deal to fire british so my conductor to fire company.emi conductor this is going to be a blockbuster deal. acquirebillion deal to arm h ....
thate seeing signs drillers are fearing a slump in crude prices. hot property, china june home price data will give us the latest look at how the wider economy is doing. we will break those numbers down for you and 30 minutes. follow me on twitter. don t to forget #trendingbusiness. get underway.ets singapore and malaysia have just come online. , that is theg short of it. it is a very unexciting day so far. we are looking for the next catalyst. frosty,ns looking multi-year highs for some. asia mixed. basically flat on the msci. blames are quite thin, especially in australia and center -30% thinner. we are looking at the drop in the kiwi dollar. we were looking at gains post-turkey into early this morning, then inflation data came out. .5%, but therer is the drop their, a 1.3% drop. once the data came out, the a 62% chen chance chance that the central bank could cut rates. as far as the markets are concerned, this is one of the least exciting at the moment. angie: n ....
manus: you are welcome to the pulse. good morning, i am manus cranny could we have a lot to digest, not least a coup that went and came. it was quashed. it happened in turkey late on friday. we got the lira, stocks and the deal of the day which is arm on your board. .tocks in turkey, down 3.5% you are seeing this index down the most in almost three weeks. you are seeing this real risk aversion. recovered froma one of the most demolished emerging-market currency trades. the dollar lira at 2.94. what you are seeing is a shift. where will we go next? it go tolmost see around 2.90. goldman sachs says they reckon it will weaken. you are seeing this big turnaround. the demolition that to go way that s effective place in the currency on friday dropped nearly 5%. we crawled back 50% of those moves. 43% rally, softbank buying arm holdings. premium.e, a 43% we are bang on the money. the market seems to be pressing no other contender in the wings at the moment. let s get their f ....