emily: viacom's ceo bob bakish there. coming up, softbank's massive fund makes its first ever energy storage bet. we find out what energy vault is with the ceo. this is bloomberg. ♪ emily: softbank's massive vision fund made its first ever energy storage that, investing in energy vault. this company stacks concrete blocks in a tower that can store and release energy. it is presenting the system as a solution to lithium batteries, claiming it can supply electricity 24 hours a day. to discuss what this means for the energy storage market, i sat down with the ceo. >> we've designed a very new, innovative new system tower. it includes a six arm crane and 35,000 metric ton bricks that are all orchestrated and raised and lowered with a proprietary software set, so that's the whole system integration. what we do is we take excess energy from solar or wind when it's produced and not needed. that energy is used to raise the blocks. and when the energy is needed by the grid, we lower those blocks and discharge the energy. emily:

"markets," a gentleman who will pick up the viacom, viacombs ce? this is bloomberg. ♪ tom: it is an extraordinary moment. let me bring up a chart of the bloomberg that the pros are looking at. on the left side, the john major 1992, the challenges of the asian crisis. united kingdom rolls out of it prosperity and a massive decline and flattening to the yield curve down to an inversion. the two year yield is higher than the 10 year yield in the united kingdom. it leans toward the u.s. following shortly. right now with us, mike gallagher of continuum economics. we are thrilled he could be with us this morning. rbc.cole is with us of you are a foreign-exchange guy. how does any currency react to the vanilla key curve inversion? adam: i think as in most things for sterling, what our currency is trading off is so closely linked to the probability of hard versus soft versus no brexit, and domestic economic fundamentals having almost no bearing. you see that in the data response to today's cpi. sterling is so completely sidelined by the probability of ha

protesters are waiting to see whether cbs viacom merge. -- cbs and viacom merge. they have been in talks for years. the finance ratio has stalled latest negotiations. a deal could be announced today. --ther sign verizon is selling tumbler to automatic. terms of the transaction were not terrio, suggesting tumbler sold -- material, suggesting tumbler sold for a fraction of what it fetched in 2018. tom: so much going on in argentina and the markets, but we need to stay on the hong kong story. hours ago, the hong kong chief executive. >> at arch everyone here to put down their prejudices, try to calm down emotionally and think seriously about our home. do we want to see hong kong fall into an abyss? tom: joining us from the hong kong airport is yvonne man. what is different today from monday? yvonne: size of the crowds are getting close to what we saw on monday. i would say thousands are out here again for the fifth day of protests. what we have seen as the protests have moved from the arrival hall to the departure. south dates into emigration and security have been s

cbs and viacom finally inked a merger deal. we will talk to viacom's ceo about synergies and the road ahead. what slowing economy? chinese online retailer alibaba defies the slowdown amidst a trade war with sales surpassing expectations. first to our top story, it was a big week for tech ipo's with fleet work and cloudflare filing to go public. the web security company cloudflare has been in the news lately, given its relationship with controversial message board, 8chan. three alleged gunman posted manifestoes on 8chan before three separate mass shootings in the united states. cloudflare stop providing services after the latest shooting in el paso, left two dozen dead, largely taking the platform off-line. so, is now the time to go public for cloudflare? i discussed it with liliana baker and will curtain. >> like many other tech ipo's, especially in software, it is not profitable. it has a pretty good growth rate though. it's really trying to look at its competitor, fastly. fastly went public earlier this year and is doing ok.

viacom ceo would lead the new company. for such is loss after one of its t-shirts sparked online controversy. the design lists cities and countries but shows both hong kong and macau as independent nations. verse she says it is "deeply sorry and resolutely respects china." -- he says he will continue at the swedish event company until a successor is in place but is looking for another challenge in his career. sharesis tenure, his have outperformed industry peers . ams has offered 3.7 billion euros for ashram light. -- osram light. the offer is higher than 35 euros a share. that offer was accepted by osram's board. it was rejected by top shareholder -- by the top shareholder. francine: thank you so much. the bid for full control has started on the beach. he is on the campaign trail after pulling the plug on bullish government last week. he is calling on swift elections. tadeo. us now is maria is he ready for an election? morning.od he is 100% ready for this election he wants this election. he went out here and speaking to p