As shareholders weigh in. Our investors likely to embrace the deal . Is pretty likely they will, particularly, the minority shareholders are expected to go for this deal, and it is a good one, with will lawrence offering 2. 25 billion, and that beats the david jones retailer with a substantial premium. 3. 19. There was a big spice in the spike in the share price. Votesrity of the proxy are in, and it represents 31 of shareholders, but it is not going to be as simple as all that. There are a couple of wildcards in the mix, and one of them is an investor who is quite well known in australia. He holds in over nine percent stake in david jones. Now, the company is offering to stake, the deal being contingent on the david jones been. Bid. Others are taking an interest in the extra deal, describing it as it may be an inducement to lew and could be a breach. Vote in favor, it is not going to be the end of it. Therell be a Court Hearing into the other matter on thursday. David jones. A big vote. Acord who iss that looking at this and also some other stocks this morning. Good morning. Seeing movement in the commodities market. Good morning. Hopper is rising. We are tracking that as well as some other commodities, and as you look at australia and other benchmarks, you are seeing the ms ei asiapacific index is rising. In fact, rebounding with commodities. The afx is up. Resorts has a seven percent gain. At of the biggest movers, its june quarterly production beating forecasts, so you want to watch that, trading above its upward bollinger band, for those who track stocks. Up 3. 4 , one company says it has not made any formal decisions on a stock i that. A final deal for with constellation group. Markets around the region, this is what we have. The kospi is advancing. By abouti 225 changed one point 25 , and in singapore, you are seeing a mild move. Taiwan. Lets check out the movers in japan this monday. Olympus, the camera maker moving in the markets. At australia. Here is what we have. Hopper is advancing. Performanceed there. As we take a look at stocks that are benefiting or moving, fortis key metals. Cut. Nother stock has been a snapshot of the market, as i said. Copper, and looking at gold, unchanged pretty much. We have some increasing optimism creeping back into the markets this monday across asia. Other stories making headlines this monday morning, a british corporate sleuth and his wife are on trial in shanghai. The holding back of humphrey and his chinese born wife are related to a sex tape at the drugmaker. Writer equity group is making a purchase for about 1. 5 billion. They say it will help to speed up growth in chinese markets. A stakegreement to buy in another country, the nikkei cash and swaprted in the deal. It still needs regulatory approval. Trackings the location of the iphone cannot be used to track user activity. Trackerthe location collects data and may even lead to state secrets being linked, we have more. You have got an iphone. This is what cctv says. The location tracker is a security concern for them. The hat at the Peoples University of china, and apple it has never worked with any Government Agency from any country to create a backdoor, and they also say they appreciate the cct efforts to educate the public. Inwant to make sure all china are clear about what we do and what we dont when it comes to privacy and your personal data. That information is only stored on your phone. Third parties cannot get access to it. Used incker feature is a lot of apps. For example, if you are driving. That need some kind of location function in order to find out where you are. And if you lose the phone, you can track it. But this is not the first time that apple has been under fire in china, is it . That is why last year, the ceo, tim cook, offered and apologizing. Offered an apology. Cctv was talking about complaints focusing on the fact repairedeplaced broken phones as opposed to replacing them, and they were also criticized by peoples daily for poor customer service. And they were looking at resetting the warranty to one year, and template did offer an apology. Many phones are criticized for various consumer issues, and they are trying to raise protection. Every year, there is a program in march on cctv, and in it, it targets not Just International companies but also tiny companies, as well. Apple, again, underscored me in china. Win for germany, the first for unified germany, just beating argentina to take the world cup title. Reporter was at the game, lucky man, and now joins us live. Jubilant germans, not so jubilant brazilians. Tonight, the german celebrations are combined with other celebrations. Germansne side, the have managed to conquer them. On the other side, the brazilians have avoided the biggest shame, which would have been for argentina to win the world cup. Between the german fans and the brazilian fans. There are some at the copacabana. But a very bittersweet jubilant situation. They were beaten again by the dutch. They are probably not that happy. Yes. They cannot be that happy, but they are relieved overall. A potential win for argentina in brazil. Tonight, they are happy, but ,hey had been very discontent and there are a lot of questions and about the coach. The next few days, we are going after that future quite, quite bad situation, given the last two games. How with the tournament go down in world cup history . One of the best ones . It is not only one of the , and it was the best of the tournament. Difficult it is very for europeans to win in latin america. They have not done that before. They managed to conquer the cup. Undoubtedly, it has been a great performance by the germans. Thank you for joining us there from rio, juan pablo spinetto. Still to come, one bank and several worries. One of portugals biggest lenders as sure as the debt crisis is very far from over. Back. Come it is monday, july 14. A look at the stores we are following this week. Getting today, expect billions the biggestnd carrier is in talks. This will continue through the week. And the latest indication of how the China Economy is performing. Gdp out. They are looking at expansion holding steady. The Las Vegas Sands is still growing despite the strain on macau. Analysts expect net income to rise. Thursday, chinese president xi jinping will be on tour for the second time since taking office. He will go to argentina, venezuela, and cuba. His trip last until july 23. And very much looking at , and theto the fed head of asia investments, thanks for joining us. Being german, you how do you feel about the german victory, being swiss . Of course, i would have preferred for switzerland to win, but that probably will not happen in my life. The impact on the markets . , theusly, the said reserve testimony this week is very important, probably the most important market event. Probably. What we have here is a situation where the fed clearly still wants to delay tightening, although signs indicate things are picking up, and the labor market keeps in proving. The question is, what is the fed going to do once inflation reaches three percent by the end of the year, which is possible, and unemployment is at 5. 5 . Islooks like janet yellen preferring some strategies, and it is a dangerous strategy. You are saying to brace yourself for a u. S. Crunch. A real risk. What are you talking about . And how bad . Well, i would not call it a crunch. But we have inflation rising because the import of labor in the economy has increased, which means liquidity has plunged, and what we have as a result of the fed zero percent Interest Rate policy, although companies are borrowing, they are borrowing to buy back their own shares instead of plowing the proceeds back into the economy in terms of capital spending. Capital spending has been at about four percent annualized for the last several years, and that is just enough, so i think more will be needed. I think the fed does not have any justification anymore. Therefore, behind the curve. Is aterest rates going up very possible scenario, probably next year . I think people are talking about the first and Second Quarter of 2015. If inflation is at three percent by the end of this year, then the fed will face a tough decision, and then we will see what they are going to do. Thats the across the pond to your land, if i may. Mario draghi said he would do what it takes. What is your concern, apart from the portuguese bankers. . We are still overweight europe. We have loosened the overweight a bit in favor of japan. As far as the euro zone is concerned, it shows that the crisis has really not been resolved. Structural changes have not taken place because the debt what happened back then, what mario draghi said, he will do anything to safeguard europe, and i think that was enough for the markets changese job, and the have now taken place. Although we do not think there will be an outbreak again of of the euroin 2010 financial crisis, the situation remains serious. Set is the debt crisis over or not . On the surface, it is, but it actuality, it is not, so we have to brace ourselves for more to come, and i think policymakers atd to take a hard look whether the past policies have worked, but the ecb is most likely to expand quantitative possibly, and look at monetary easing for this. Putting that into perspective, what are you advising your clients . Are you doing asset reallocation . Well, we stayed overweight equities. In certaint bubbles asset classes, notably in bonds, and notably in junk bonds, and some emerging markets, as well. Mentioned, we are still overweight europe, though to a lesser degree in favor of japan. We like the japanese equity market because the bank of japan is still likely to expand qb if e if itmes expand q becomes necessary. As the head of investments, when your team comes together, what are the concerns . You know, i think clients really are worried what happens when finally Central Banks normalize policy. How they are going to do it is anybodys guess, but what is going to happen when, lets say, the fed raises Interest Rates . Are stocks going to plunge . Are stocks going to collapse. We dont think so. When you have an inserted yield worry,there is the major apart from some geopolitical situations that we cannot control, of course. Many thanks for joining us. The head of investment joining us there. In a moment, back on the radar. Stay with us, on bloomberg. Back. Come david jones just voted in favor of will words buying the company. 80 ofirman says over the votes are in favor. And pursestrings of a military to look atcing some the aviation sector for growth. One of the biggest defense contractors wants to cash in by working with planes. He is responsible for refitting planes for the military, but he and the company k, works for our changing tac comforto the cobbler of luxury. From the exterior paint finish to the interior in any combination, so whatever leather, whatever carpet, whatever seating arrangement you want, we can do all of that work here from the design specification. Heard ofght not have marshall, and that is the way they like it, but the company has an annual turnover of more than 1. 5 billion. Its bread and butter is servicing military planes. That makes that 80 of their aero business, but times are changing. It is becoming more and more competitive as customers drive for value and military budgets are being cut. This is the bombardier. A bigger name, bigger price tag. Marshall once a piece of this. But for now, something slightly more affordable. This is a citation, about 10 years old. It would have been made in america and probably costs about 9 million to 10 million if new, and this one is about 2. 5 million that you can acquire this. Puppy forgetting your checkbook out, there are some costs. To keep your plane in the air, it will set you back at least 800,000 a year. That is money marshall are hoping to take advantage of as military contracts wayne. Bloomberg. Cargo ship is on its way to the space station. It blasted off from the virginia carrying odor free gym clothes. To rendezvous in wednesday. At next, across china. How does china deal with pollution . We are going to find out one way through a fleet of government cars. That is next. Do not go away. Clearing the road ahead. News for cleaner government cars. And new production in southern china. And mongolias culture keeps the world cup on site. [captioning made possible by bloomberg television] details on this all morning, how did they vote with the woolworths takeover . John, the takeover looks like its going to go ahead with 89. 6 of shareholders voting in favor. Its a pretty generous offer, too. Values the company at 4 per share and when that offer was made david jones was trading at just 3. 19. Pretty healthy, so no surprise that the shareholders voted to accept the offer. A lot of the questions really to do with the protection of the david jones brand. Its an australian institution. The Department Stores been around for 176 years. One of the questions, for example, a shareholder wanted to ensure that the trademark instore pianoists would be retained. That received a rousing round of applause and the vote went ahead. Hopefully they will be able to keep them even when south africa takes control of david jones. They may have voted in favor, but there are a few obstacles to get over . Thats right and questions remain namely over the voter tention of sol 0 om solomon lew. Its unclear yet which way he voted because woolworth south africa was trying to gain his support by offering him 17 a share to buy out his shares of country road, a clothing retailer. Thats when the australian securities and Investment Commission got interested. They believed that could be a an inducent and a breach of stock holder principles. So there will be a Court Hearing and even though the voters shareholders have voted to accept the offer, that may not be the end of this just yet, john. Now to zeb for the opening f china and on to hong kong. Seeing generally an update or stocks across asia. Concerns about valuation in the european economy. Remember we reported on banks in portugal on friday. Dataheavy week now. Lots of data coming from chineafter in particular. Shanghai starts the day earlier. Well get you into some of the movers in just a moment. But lets take a look at whats happening elsewhere across the region the not just limited to china, we see gains all across korea and japan the the topix is up from its july low which we saw at fridays close. And the b. O. J. Policy statement is due tomorrow. Well be watching that. Elsewhere, malaysia, singapore, and taiwan, seeing mixed performers today. Capital mall among the key movers. Were watching topper copper as wrl as cold. Gold is at a fourmonth high if my memory serves me correctly. And commodity shares tracking in sydney today. Northern star rising a fourth day. Its june quarterly production numbers beating forecasts. Karoon gas, nice performer, up 3. 23 . And fortescue is down. Lets end on hong kong and china. Key stocks moving to the upside today. Sino lab, up 1. 6 . A new project called mayfair by the sea sold for 140 million. Air china advancing on reports that bank of china may be that air china may be buying new jets. And b. Y. D. , the government likely to increase the share of Energy Efficient cars. So maybe not as many a8s in the mix. Now, shares of chinese car makers have in fact started trading. This after beijing order marching marched orders. David with bring us up to speed. Excuse the pun. Which you wrote, by the way. Thats right. Every year the government buys a new fleet of vehicle. There is a requirement now that by 2016, 30 of what they buy will be alternative vehicles. Thats either electric cars, plugin hybrids or fuel cell. Thats the requirements for city. Outside the big city, places where pollution is not as bad as beijing. 10 this year minimum, 20 and 30 by 23016. Thats the statement right there if you want to take a look at it. Incentives. Youre handing me a statement in chinese. What . Le camera couldnt zoom in on that but david just gave me a statement written in pure mandarin. Thats mandarin, right. Which you can read, right . Im ok. So thats mainly what it said. I guess more than government purchases it really has to i guess spill over into the consumers space. Talking about 22 million vehicles in china across the board sold. Out of 22 million last year, less than 20,000,. 09 , were electric cars. And they put a lot of these subsidies in place. Still, 500,000 of these on the road, thats the target. Its a good step. They hope to gain some traction. Which companies are going to benefit from this change . Byd, obviously. He stock i think is up 2 . Seic, for example. Faw. Photoon. Theres a car park stock thats listed that could also benefit here. Apart from that, i forgot to mention just last week they actually announced this tax break, so anyone who wants to buy an electric vehicle between september to all the way up until the end of 201, you actually dont have to pay the 10 sales tax on cars. Of course well see if this druzz does prove decisive. Theyve put a lot of these financial inkent incentives in play but none has gone anywhere. Actions speak louder. Now to the world of corporate. Cleanup work at the fukushima plant last summer may have con taminated a stited 20 kilometers away. Bank of chinas Aircraft Leasing unit is said to be nearing deals for more boeing and air bus planes. Sources say theyre interested in 35 air bus a320s, and competing p boeing models may also be ordered along with 777 planes. The air show starts at farnsworth in the u. K. Today. Appal has dismissed concerns that the phones pose a security risk. State television had said the software could be used to collect data and result in a leak of state scratess secrets. The allegations come amid an escalating war between beijing and washington over allegations of spying and hacking the is going green. The new factory is looking to produce 8 billion worth of annual out putt by 2018. Foxconn has a vision, a another Silicon Valley in the east. We send a lot of highly skilled people, engineers here. They love this place. Its temperature, humidity, air. Its the only place aside from beijing that can call itself chinas sillison val iments two are partnering with foxconn for the echo friendly mpus produced largely with recycled steel and produce smart phones and tvs. Nearby, china unicom, mobile, and telecom are also building facilities. Go says all three will be chipping in to build infrastructure around the air. By march 2015, the Company Projects annual out fut of 5. 6 billion with 12,000 workers on site. Theyre touting this as their greenest industrial park. The glass here is all selfcleaning. They treat waste water on site and even the food is tested for safety. Its a beg step forward from past investments. Why . Probably because it emb