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Hong Kong and across Asia I'm Bryan Curtis in our Los Angeles bureau all this week. A very good afternoon to you And. I'm Rishaad Salamat in Hong Kong, let's look at how things are shaping up for the Asian trading day. Let's get it over to Bloomberg's Doug krizner Doug it's the Turkish they are just of go roasted but it allows five days eight has lost nine. Percent of its valley it's one of the things that sending a. Setting this negative tone in EM and they're all other. Political or geopolitical tensions that we should talk about we have the ruble at a two year low against the dollar this is after the US announced those, sanctions on Russia you indicated kind of a mixed. Picture for the equity market trading. Light with volume and the s&p five hundred about fifteen percent. Below, the thirty day average the Dow weaker by. Three tenths of one percent the s&p was down two tenths the NASDAQ. Could pick up about one tenth of one percent interestingly we had the. Dollar rallying quite a bit the Bloomberg dollar spot index was up one half of one percent offshore you one weakening against the dollar by about three. Tenths of. One percent long term interest rates were actually down, a bit onward US wholesale inflation Stagnated last month now. Supporting the drop in long rates solid demand for the treasury's auction of thirty year bonds the tenure last quoted in New York down to two point. Nine two percent WTI crude oil at sixty six seventy three Brian. All right Doug thank you very much our top story. This morning the tesla shares of about two percent in late trading that's after slipping about five percent in regular session some news reports have said that Tesla's, board of directors is planning to meet with financial. Advisers next week to formalize the. Process to take the company private Lindbergh's Detroit bureau chief David. Welsh, joins us now on the line David this. Story is moving very quickly now it's getting a little bit bizarre in. A sense musk said that funding was secured but it's not so clear. What do we know about that and should we even know about that Not clear at all and it's not even clear how much funding. Would, need to be in place or. Really what he means by that if you were to, buy out every shareholder and take, it private you're talking about. North of eighty billion dollars at? Least in the seventy billion plus range Current shareholders just decided they were gonna exchange their public shares private Shearson stick with you on stick with. Tesla at a private owner it could be far less it would, be whoever didn't want to do that and opted to take some kind of buy out Said that can be, as little as, twenty billion dollars still a big chunk of change but smaller than buying. Out the entire company so. We don't even know what the plan is we don't know who would go along and so forth Among the five or. So biggest shareholders have we had any indication that. One of them is interested in upping their stake significantly From them So much that they would Prefer to snap really think One dollars a share so selling it for, twenty years Private equity in west penalty About that yeah. Alright David thanks very much that's hard Detroit bureau chief David Wells joining us, here live, on Bloomberg daybreak Asia region Yeah that's good too big David Samson? The smother make unveiling the, galaxy, note nine right over in New, York very muggy Gherman was is that covering the big reveal today it's.