australia. australians are told they will have to work harder for longer. we are going to take a look at the prospects for the lucky country. driving through midtown, we visit the indoor club bringing golf to the city. all that and more on this monday edition of "asia edge." >> i'm zeb eckert keeping an eye on the markets. we are seeing stocks generally lower across the asia-pacific today following that slump on wall street on friday. the nasdaq index with tech shares leading the decline, below the 4000 level, and it filtered through today. we have seen some volatility here. japan, swinging between gains and losses. across the region, declines for the hong kong hang seng, the shanghai composite, as well. across the region, as southeast asia continues to trade, modest moves to the upside in jakarta as well as singapore today. a lot of corporate movement and a lot of action in the commodity

space. this news regarding the ukraine and emergency meeting of the security council, it is filtering through to commodity markets. we are seeing palladium surging the most since 2011. that is because russia is the biggest producer. there are supply concerns. russia and ukraine having an impact on many global markets today. russia and the united states have clash at the u.n. at the anest security council held emergency session. moscow's investor says the west and kiev are behind the instability, while the u.s. says russia only has the power to create such a situation. to our u.n. correspondent. what was the atmosphere like? the u.n. has said that ukraine now is more combustible than beingefore, cold war ii talked about, no doubt. >> the backdrop of the meeting that called by russia is the camouflaged gunman killed

one ukrainian servicemen and wounded five others, according to the ukrainian government. an hour after that, russia called for an emergency security council meeting. later, the russian ambassador said the reason they called this meeting was to discuss the fact that the situation in southeastern ukraine could signify another major step towards escalation in the crisis of ukraine. most of the meeting in the beginning was an exchange of barbs between the u.s., the western council members, and russia. towards the end, the russian ambassador said, it is imperative that the u.s. and western powers exert their influence and pressure over for them authorities to call off an ultimatum that the acting president issued yesterday, saying that pro-russian separatists should lay down their arms, or the ukrainian government or authorities will have to take on a major military operation. the russian ambassador called on

his u.s. counterpart misses samantha power to have the u.s. biden callent ukrainian authorities and tell them to call off the deadline, which is in a few hours time. otherwise, things in ukraine, he said, might take an era versatile turn for the worse -- turn for thele worse. these comments are important. thee is a meeting between parties on april 17. there they are supposed to discuss a political resolution to the crisis that has been dragging on for the past couple months. the russian ambassador to the if this deadline that is supposed to happen in a few hours time isn't called off, then the talks will definitely suffer from that. today's meeting, i think, was a message that the russian ambassador wanted to send to the

west of what could happen for the talks later this week if this deadline isn't canceled. fromu mentioned the line the russian ambassador, things may take a turn for the worse. the ukrainian ambassador talked about the fact that they made a final warning cry for russia to leave. how close are they getting or is the talk about a second cold war? i think all parties are trying to avoid escalation. that is what is repeatedly being said at the security council. time, i think the involved parties are really struggling to find a diplomatic resolution to this. i think the violence that has taken place in southeastern , it has kind of provided a crunch time for all parties involved. i think these next couple of hours are going to be a crucial

point for us to watch. u.s. government is discussing how to react after the security council meeting, how they want to proceed so as not to endanger the talks scheduled for april 17. i think we need to wait the next couple of hours to see how things develop. >> thank you very much indeed for your time. more job cuts being planned at citigroup after laying off 1000 people in its mortgage business. citi is now said to be thinking about doing the same to its markets desk. mia saini has more on this. what are we hearing? >> this continues the theme that we saw in the last quarter of last year, which is they are going to cut costs, and number two, they are going to manage their expenses prudently. people familiar with the matter are saying that anywhere between 200-300 jobs are on the chopping their specifically in global markets unit.

that is the unit that's in charge of handling trades for both fixed income and the equity sides. translates into about 2% of their workforce. while the company is cutting, a spokeswoman did say, at the same time, we are adding some talent strategically. >> they are reporting earnings tomorrow. what can we expect from them? are they going to confirm it? >> many are saying, expect some confirmation on how they are going to tackle this cost-cutting initiatives. that has been consistent with their other earnings calls. expect to hear something along the lines of how they are going maintain and manage their expenses, and of course, headcount is one of the most expensive line items on any company's balance sheet. that goes for financial companies, has altered the cfo telling investors last month

that trading revenue may drop by the midteens, in terms of the percentage. hold up aexpected to little bit better compared to fixed income, although that has been automatic with most of the financials. off, the stock, 12%, 12.4% year-to-date. >> mia saini, thanks. >> i weather top headlines today, the owner of the world's biggest futures market is being sued in chicago. the plaintiffs claim the cf -- the cme group sold information to high-frequency traders ahead of other investors. cme says the accusations are without merit and it only offers one the data stream that all investors receive at the same time. china is strengthening its grip on the market of copper. a group is buying a copper mine in peru. lencore-xstrata is getting 5.5 8 -- $5.85 billion.

china is the biggest buyer of copper, accounting for about half of global demand. sony may recall thousands of vaoi laptops due to overheating of some batteries supplied by panasonic. the potential recall comes as the ceo looks to revive the company through restructuring and job cuts. sony shares, as you can see, are slightly higher in the tokyo trade. >> we are seeing some fluctuations in the market, but mostly, it is a down day. let's head back to the markets with is that the. >> that's right. it comes after the s&p 500 fell to the two-month low on friday. shares on the nasdaq leading declines among the tech sector. let's take a look at how it is filtering into asia. a modest upside for jakarta, singapore, vietnam, and south korea. elsewhere, we are lower. to lunch.ares to go this is what we have in tokyo. suzuki and toyota has been big movers to the upside. watch the automaker space today.

retailers, the most heavily weighted stocks on the nikkei 225, leading declines. sharp, lower by 8% in the tokyo session. here is what you want to watch out for in hong kong as trade continues. as we continue to assess the impact of this cross-border agreement to boost trade between hong kong and shanghai, that major deal announced last week, ingg kong exchanges continu to advance. china merchants bank, among those in the financial space advancing good galaxy entertainment, down, however, bnp paribas out with a report saying, some gaming stocks will likely be the biggest beneficiaries of this liberalization of cross-border flows between hong kong and shanghai. it doesn't look like it today, but that is just one day. >> true enough. it's also a day where we are focused on the euro. we have comments from the head of the european central bank.

have that had any impact on sentiment today? >> let's take a look at what the euro is doing right now. the euro is modestly lower, a quarter of 1%. mario draghi, speaking in washington friday at the imf -- therday, rather -- saying european central bank would likely need to come in with additional monetary stimulus, and it could be in an unconventional form to deal with the appreciation. last week, we saw again for the euro. it appreciated 16% versus the dollar over the past year. if you look at the weekly basis, the strongest weekly advance for the single currency since september, prompting the ecb into further action. >> coming up, swinging into action and taking a golf course downtown. later, we will be visiting an indoor club in the heart of manhattan. >> also coming up, our next guest expects to see a significant slowdown when china

releases its latest growth figures in just two days time. "asia edge" is back after this short break. stay with us. ♪

>> welcome back. china's growth may slow to this lowest level in five years with 7.3%.pected to come in at we have been focusing on the slowdown with our guests all morning. one says beijing will act quickly to boost investor sentiment. >> clearly, there is a big china risk. taking,rnment has been i think, relatively quick thatns, at least stabilized market sentiment, and i do look for continued recovery download. expectingdle is growth slower than the median estimate and says that the central bank may ultimately

boost stimulus. >> 7.2% is what we are looking for on wednesday. what we think is likely to follow from that, assuming that retail sales and ip are on the soft side, what next round of stimulus might we be looking for? with the holiday weekend coming up in the north atlantic, an ideal time for maybe a change in the rrr on friday from the pboc. keep your eyes alert for something like that. rbs's greg gibbs says china's property sector is weighing on growth and poses huge risks to the overall economy. >> china is probably the number one of global risk factor, and certainly, it's economy appears to be slowing. the property sector, and we get data on that later this week, it does look to be peaking, which is an important factor. as we know, property market speaking, it was a big factor in

the downtown and the u.s. economy in 2006-2 thousand seven, leading to the global financial crisis, and it could put significant strain on the financial system in china. for me, this remains a big issue. >> let's get more on the markets with me and angie. cio for asia-pacific -- after the meetings of the world bank and imf, how'd you digest, interpret what has been said? >> in initial terms, remarked -- markets remain dominated by the geopolitical developments in ukraine and now with the u.n., the emergency meeting. how are the major arteries going to take -- parties going to take action? over the weekend, further policy

statements from central bankers, which continue to point to growth. the big picture regarding the strength of the global cyclical recovery would be the more important fundamental driver to move equity markets. think, with the latest fomc minutes showing that the federal policymakers remain concerned that growth, this means interest rate tightening would be more far-fetched. we do not expect interest rate hikes until the second half of 2015. now with mr. draghi highlighting the need of policy action in order to fight against --lation, flat, as well

this implies that the global monetary policies still remain growth supportive. with current tactical correction it also brings, a valuation of equity markets back to a more attractive level. >> to his point, how much of that is completely offset and russiaant when you have and the u.s. facing off, and china weighing in, saying it is deeply concerned -- russia blaming the u.s. for the latest military engagement, the u.s. blaming russia? >> this is largely political positioning. the posture put forward by the to raiseties is trying the political stance in order to de-escalation. i think the geopolitical uncertainties remain a major

risk factor which still bother investors. at the moment, we still stick to a neutral stance on equities. is it going to take some time, or is it going to be immediate? is there a contingency plan when it comes to investor strategy if something goes pear-shaped in europe? we hedge the geopolitical uncertainty by sticking to a neutral position on equities. we still believe that all the major parties have very low political incentive to take any military action. the rio escalation of geopolitical risk would work in the negative interest of all parties, and with the latest rhetoric from russia, still highlighting their intention to

seek de-escalation of the crisis andetween russia, the eu, with washington's stand, it is clearly pointing to the reluctance to get military involvement in the ukraine crisis. >> we will see. let's leave it right there. there is a lot more to talk about, not only geopolitical issues, but the big gdp figure coming out of china. stick around for a little later. coming up, we've got a lot more. >> a look at executive pay in the u.s. we will be finding out who is king of the hill after this short break. ♪

great year for media companies, especially their ceos, as pay surged. we will be looking at some of the highest paid media executives. >> 2013 proved to be yet another year where media companies continued to lavish their ceos very top compensation packages. that is not just salaries but bonuses and stock options. earning almostes $70 million. that is part of a pay package that will hit close to $200

million over the next three years. we are talking a salary of $3.5 million, a bonus of 28 point $5 million, and stock options coming up -- making up the rest. --ing up next, philip dumond philippe duaman. "frozen" has done very well. it debuted last year, continues to be in the box office. i know my sister has been harping on me to watch it. that has been a real moneymaker. when you have moneymakers like these blockbuster movies, that translates into compensation. if you take a look on what les moonves made, cbs has been doing really well. it is the most-watched tv network in the united states. revenue, asing at a well as higher subscriber fees from both satellite as well as cable customers. that helped cvs -- cbs do well.

>> the man topping the list, a certain yachtsman. >> larry ellison topping the list at $78.4 million. that is an increase in terms of total compensation close to 9% compared to 2012. you know what? he needs to get paid. he has a very expensive hobby. the america's cup is not cheap. so, he needs that cash. $78.4 million, that's a lot of dough. one of the greatest comebacks in sports history, ben ainsley, british, of course. checking some other stories making headlines around the world, the search for the missing malaysian airliner has become even more difficult with the grudging acceptance that the black box batteries have probably run out of power. an international fleet of planes and ships continues to scour the ocean, but nothing has been

heard since last tuesday. detected and then were deemed consistent with a black box, but searchers were unable to make an accurate fix on the seabed. the area has been narrowed down, but it is still roughly the size of los angeles. >> it sounds as though the battery life has come to an end. today 36. in it is not likely it is going to last much more. the fact that we haven't heard anything for 2-3 days indicates that possibly it has passed its life. >> water supplies to more than 2 million people in northwestern china has been contaminated by two separate accidents at a chemical plant. investigators say that oil leaked from a pipeline fouled the water source. tests showed benzene levels are 20 times higher than approved safety levels.

>> markets trading across asia today. a bit of a turnaround by the treasurer mr. hockey about how australians need to work harder and longer. a bit of an impact. markets are slightly off. commodity stocks are seeing a decline. of a balmyrea, a bit day. we have the markets they're marginally lower,, not dramatic, after the nasdaq fell below 4000 last week. in hong kong, after the deal with shanghai, a slight gain. next up, japan reopening after the break. ♪

>> carson block is feeling vindicated with the tumble for one of the short seller's targets. not so lucky after all. australians are told they will have to work harder for longer. the master of the masters. we take a look at one way to improve your swing in the big city. first, let's get the latest on the markets. zeb eckert is standing by. >> stocks across the asia-pacific today following a wall street move on friday where we saw the s&p 500 falling to a two-month low. the euro in focus today as the

european central bank chief mario draghi over the weekend talked about possible monetary euro'ss to deal with the appreciation. it is filtering through. we do have the tensions in the ukraine in the background as the un security council holds those emergency meetings. this is what we have this monday. shares are inventing in hong kong could we have seen the index swing between gains and losses. those stocks leading on the upside, lifting us out of negative territory. developers now, new world up 1.8%. hong kong exchanges and clearing, it operates the main financial market here, the hong kong stock exchange and the hang seng index, which last week got a boost by the announcement of additional cross-border investment opportunities for shanghai and hong kong investors. is among the big movers did inside. we are tracking crude oil prices. for 3% today. we have seen oil active. oil producers countering a

decline today by shippers. that is having an impact in the tokyo market. and ukraineussia tensions playing out in precious metals space. in particular, palladium is rising, surging, as russia is the biggest producer of palladium. there are concerns of a possible supply shortage. >> also, japan returning from the lunch break. how our markets in tokyo trading as the afternoon session begins? >> we are seeing a modest gain in tokyo's nikkei 225. it looks like this among the key movers we are watching out for. automakers have done particularly well. gains for automakers and will producers, really leading the way. suzuki up 4%. toyota near the top of that list. sharpe, a 7% drop for the stock. it has been down for the past few days. if you look at the trading sharp ¥275, reports that the

company may do a capital raising. that is leading to selling pressure. of course, capital raising would be diluted to existing shareholders and sharp. that is why we do see selling. >> thank you for that. it has been six months since short seller carson block set his sights on a new chinese target, nq mobile. seeminges kept rising, to pollute -- to prove carson block wrong. things have just turned into his favor. rosalynn chime is here to explain the details of this. shares dropped 21% on friday, which is exactly what a short seller wants. that -- >> nobody else wants it. >> it depends on where you are standing. that was based on the results coming out of nq mobile, $.22 per share instead of an estimated $.32 per share. it also reported negative cash $2.26or operations of

million for 2013. investors looking at that thinking, what is going on? fromuch a negative outlook 2012 -- 2013 as opposed to 2012? investors were slightly uneasy giving -- given the muddy waters reported that came out in october. that caused some concerns that nq mobile misrepresented cash balances and exaggerated sales. carson block called the company a massive fraud and said at least 72% of nq mobile's in 2012 wasome fictitious. that is what muddy waters said about nq mobile. nq mobile has been working hard to refute those organizations -- reports. this earnings report that came out last week also mentioned a revised result for the three-month and nine months

ending september 30, 2013. their role clerical errors, they said, in calculating some expenses. they were overstated by about $370,000. what the company is saying is that expenses are lower than what they originally said that they were, but just the words "accounting error," those are enough to make investors very jittery. what else might they find if they dig a bit deeper? carson block had a new report out today. basically, he stands by his .ctober report up their duehtened diligence on the company. that is why results were so different this year compared to last. >> not the most affable of calls on the stop, but we have definitely seen shares collapse or plunge. thanks a lot for that. >> the trading tie up between

hong kong and shanghai sent the stocks of the hong kong exchanges soaring, but who were the other winners or losers? for more, we are joined by bloomberg industries head of asia-pacific research, tim craighead. beyond the market, what are the implications here? >> great question. it is interesting to look at how this might evolve. the discussion that is taking place between the two exchanges in shanghai and hong kong is looking at dual listed shares, as well as some other bellwethers. within that context, there are stocks that are a-shares on the shanghai exchange, h-shares on the hong kong exchange. you can look at the premium and discount between these two dual listed stocks. you can see on this chart you've arethat the a-shares trading cheap, if you will, at a discount to the h-shares. it is actually near a level that

has been a historic bottom of 5%-8%. we could see that narrow if global investors, hong kong investors, take advantage of this over time to buy mainland shares. the other way to think about it, angie, what about mainland investors? if they can invest in hong are-listed stocks -- there some industries that you cannot buy on the mainland. think casinos. of technology or luxury goods. there are other examples in the consumer space and elsewhere. there are a lot of interesting things to consider from a bottom-up industry perspective. course, in china, there are a lot of big names in china that aren't listed here in hong kong. presumably, we could also see that trade up, as well. let's talk about the roller coaster. we has been seeing it since new leadership began. what are you seeing, and what are the signs tell you -- do the

signs tell you? >> roller coaster is the right word. if you think about the overall market index, and if we look at the msci china versus msci world, and a couple of other regional indices as a case in point, you can see in the chart is've got up the blue line msci world. it took a little bit of a dip in january with global growth fears, but then recovered. it has been flattish kind of sense. china is in white. we have been on a roller coaster, down, up, down, and now back up again. it is really interesting to see what has driven this latest rally. it has been a major change in rotation. it is not technology stocks and health care stocks, which had really let the market up, especially after the plan him last year. it has been the old economy stocks or the revenge of the old economy, in a way. chart, uc see banks,

materials, telecom, things along those lines are coming back. in contrast, we have seen technology in yellow come under some pressure since mid-march. very interesting. >> do you think the rotation can sustain itself quickly? >> yeah, that's the $64,000 question. two things to think about -- number one, it has all coincided with a lot of additional initiatives that have come out from a regulatory reform perspective, issuing preferred shares, thinking about the. reverse takeover there is a mosaic of change. accumulative. thisvestors believe it, could continue to have some legs to it. right, tim craighead,

bloomberg industries head of asia research joining us from singapore. thanks. hockeyralian treasurer is warning all australians that they will have to share the pain. paul, is the government getting ready to break a few election-year promises? i'm sure as a kiwi, you are quite relieved. [laughter] >> it makes little difference to me. i'm not expecting to ever retire at this rate. the retirement age seems to keep getting raised in australia and back in my home country, as well. there is no end in sight. hockey suggesting that the retirement age may well be raised to 70. he has a point, however. the cost of funding the old-age pension is currently rising at 11% per annum and is expected to hit $60 billion sometime within the next 10 years. that is because more australians suddenlyng older and

refusing to die. australians aged between 64-84 will double by the year 2050. the number of australians aged over 85 will quadruple in the same period. joe hockey today saying that it may be the case that my generation has to work for an extra three years. of course, just before the election, prime minister tony abbott promised there would be no changes to the pension, illustrating yet again how reality tends to get suspended just before a country goes to the polls. >> always the case. traditional prebudget leaks seem to be well and truly underway. where else is the ax going to fall? >> this morning, local media is reporting that the government science body, the csiro, could be in-line for a fairly substantial cut to the tune of 150 million dollars, 20% of their funding. they have already shed 300 staff

this year and 400 last year. they are already feeling the pain. broadcasters, abc and sbs, tend to end up in the sights of treasury around this time of year, as well. it is probably suspected they will be in line for some cuts, too. tony abbott, the prime minister, has no love lost for either of these organizations. he has publicly criticized the abc already this year, and he famously has no science ministry in his cabinet either. cutser, all these spending do tend to hide the problem on the other side of the equation, that we have falling revenues here in australia. it is all open to speculation a month out from the budget, but one thing we do know, treasurer joe hockey saying that it will will be no one group targeted, and all australians will have to share the pain. >> thanks for that, paul allen in sydney. >> coming up next, grains leading a surge in commodities as the crisis in ukraine comes to a head.

we discussed the effects on the broader markets when "asia edge" returns. ♪

>> welcome back. joining myself and angie are mia saini and wealth management chief wealth management officer for the asia-pacific. thank you for staying with us. we have discussed ukraine, the tensions escalating could i do want to go to the meetings of the world bank and i am asked. draghi, a strong signal source negative deposit rates. how much of an impact is that having? a big step forward if and when it happens. >> you see an increased probability that the ecb is going to act. the more likely policy option is

to cut the refinancing rate before they moved to a negative deposit rate. qe would be even more far-fetched, i believe. the ecb still wants to monitor inflation data and also assess the euro strength situation before they moved to the unconventional policy. qe would be very unlikely. it is unconventional for them, but everybody else is doing it. why are they so hesitant when it comes to qe and really injecting liquidity into the markets instead of making it harder for people to want to hang onto money? >> first of all, the ecb is not yet running out of policy tools. they still have tools including and other liquidity

theures to help revive recovery momentum. more importantly, the key focus is on the currency to curb the euro strength. a rate cut probably in the june, would bein a prompt action. though? it overweight data,king at the current in fact, we may see some stabilization in the inflation reading. is no major macro ,urprise in terms of deflation may and june would be the key window. 's how would you assess draghi handling of the pressure from the imf but also from washington in what has been happening?

definitely, the key policy agenda of the ecb is to address the deflation threat and particularly to curb the euro strength. you areoming weeks, going to get more policy from the top down. compared to his predecessors, he is listening more to what the imf is saying and more to what washington is saying. he has his ears open. >> i think the perception of the media, as compared with his draghi has, convinced the market -- >> the bucks stops with him. i think he has rd communicated quite clear messages. he is ready to act. the policy actions are ready on

the table, and the openness of the ecb to take more -- we areonal action likely to see prompt action in the next two months. >> i want to ask you about china, following him -- material producers today, commodity stocks today. what do you make of the most recent figures we received and your sense of the trajectory here of chinese economic growth? >> since last december, we have seen a big selloff of china-related assets with a sharp correction in chinese equities. , backed up byrade the mini stimulus, is going to last in the coming weeks. we do expect to see pretty weak data points to come out during -- theret they will

will be only modest growth stabilization. have q1sday, we will gdp data, we are economists expect gdp growth in q1 in china to decelerate to 7.2%. that is quite a substantial slowdown from 7.7%. >> alarming. >> i think the market has largely discounted the q1 weakness, and the key focus of investors has already shifted to the strength of policy reforms. we don't expect to see a big bang, and massive stimulus package to be rolled out again. that would be detrimental to financial stability in china, announcing another round of credit expansion. this is not the case. i think for a rrr cut, it would

be a more aggressive policy easing action, and with modest growth stabilization we have seen in recent weeks, that will be reflected in the march economic data. that may reduce the urgency for the chinese government to have cut immediately. i think they would preserve this cut as a potential policy reform ifstabilize market stability credit default incidents start to derail market confidence. in may and june, we would see the kickstart of the repayment, a peak season of those defaults. >> a quick question for you. do you think misinvoicing had anything to do with the export figures being so low, certainly disappointing meeting expectations, or do you think it is some thing else?

a lot of people dismissed last week's export figures. >> that's true. economists in the market have exports fromted last year. if you look at the mark export data, though it was much worse than the market consensus after economists made it --justment to reflect the underlining year on year growth of exports in march would be close to 10%. however, first quarter chinese export performance is still low single digits, even after we adjusted. these reflect the underlying weakness in extra performance. >> thank you so much for that. coming up next, a lot more. driving through midtown. you have done it, right? >> yet. not with a golf club. driving in manhattan.

♪

some news from the world of golf. bubba watson has won the masters for the second time. the 2012 champion shot a four round total of 280, finishing -8. it is the 78th year of bug -- of the masters at augusta. this year's tournament was notable because tiger woods was injured and absent. will undoubtedly spur people to take up golf even in the middle of the city. we have been to manhattan's golf & body country club. from thets players pga, wall street and the world of celebrity.

>> it is a tough choice new yorkers have had to deal with for years in the golf club at chelsea piers is closed, but it is really just an overpriced driving range. bethpage is a world renowned golf course, and it only cost $65 to pay. good luck getting there by public transportation. -- tomrader timeshift schiff saw market opportunity in the new york area golf scene. >> you can take a golf lesson on the range. they can work on you. you can read a tip in "golf digest" on how to treat your body. we all come together working on a golf swing. we can all come together. >> and at wall street shut-ins willing to pay over $12,000 to will-- shoot, golf & body get you ready. it is a 12,000 square-foot facility one block from penn station. it offers state-of-the-art fitness increment, world-class

trainers that work with top golfers like luke donald and jason bay, a private living room to entertain, a fully stocked café, and seven high-tech hd golf simulators. the area is equipped with track man, the leading golf radar that costs only $5,000 that gives data on your clubhead's angle of the ball's flight. jimmy fallon is a member. is it a winning formula? director at deutsche bank started training at the 6th avenue complex last year and subsequently one of the british amateur open. >> i'm sure everybody that is a member here enjoys playing golf, but i think it's even more refined in that everybody wants to get better at playing golf -- athis is a toolkit golf. this is a toolkit to get better. >> for high rollers with no time but money to spend and a drive to play better, we wouldn't be

surprised if tom schiff opens more of these one-stop shops in the near future. matt miller, bloomberg news. >> golf is my handicap. that is it for us here in asia. >> we are back tomorrow. keep up that swing. ♪

>> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg l.p., its affiliates or its employees. hello, and welcome to the smart medicine show. today. a great show if you have pain or know someone that has pain, joint pain back pain, bone pain, muscle pain,.