it strengthens on the membership -- ishe global elite and ahead of sterling and the yen. i am rishaad salamat. what about this onslaught going on? here is heidi. data: they are taking the in stride, other than shanghai. gains ineing strong half an hour. stocks andng tokyo ahead look at this rally of the policy decision in a couple of hours with a sense

that the services number we had was better and it has outweighed a deterioration of the situation in china without too much of a surprise. the japanese markets are on the weaker yen have a that helps out exporters. expenditures and a 2.2% japan.th big movers in and i want to go back and take a look at the chinese saw as in shanghai and we big ramp up of the lenders

yesterday and some speculation that there are more national and china is the biggest decline or their in the early session. -- is how the markets are data isuring deteriorating. >> we are seeing a two speed pace of growth in china and there is the service sector and they are outperforming in the past year, the still having lifted a sluggish sector. low andhan three year it slumps back with a consensus

dip below the forecast and manufacturing has not been this low since 2012. andreadings are below 50 the steel sector has a capacity issue at home and abroad. and, of course, the slumping property environment. within the last 15 minutes, the survey of smaller factories came trougher and there is a form. below 50is has been is below 50.

shows aices sector little more resilience after a slump. rebounded in november. it is 53.6. still, it is manufacturing. back to you. and itant your opinion asking tog business andrve the currency ahead this is the official recognition of what china has done in the global economy.

>> it is more political than economic. what a journey it has then. wereade ago, they controlling the currency and there is a major player in world firstand this is the competition with the french as the u.s. dollar with a 41% rating and the euro and it ranksh 37% third in that basket with 11%. than what the staff saw. 31% weighting with a

slightly lower one. it is a recommendation of the progress that they had made in the past few years. take a listen. the importantly milestone in the journey months or years ago and it was a transition towards a more market-driven principle of the macroeconomic framework of china. >> the market response looked todayand we are seeing it the yey say that again -- en will get too much of the

short-term. they have 2.5% and expect an increase in demand with central banks by $300 billion. thanks. samsung is making headlines. stories areother being covered by david. >> let's start with this analysis this morning. we have the price of analysts and it was retained with two of day-to-dayverseeing operations in areas and the day-to-day operations were with seenuy in charge and it is by some analysts as a focus on them defending the

global leader. what you see on screen and fortunesto change the highhe engineering with and we areiness talking about mobile here. what they are looking to change, have a look at this. it is about the third quarter of this year and what is worth noting is that the profits competitiont was starting to eat away at the mobile so makes up andbulk of sales and profit

it is in semiconductors and it has gotten there by selling. we'll see how it goes over the next year. we moved to banking and bloomberg learned that morgan stanley is looking to cut as much as as a quarter of fixed the proverbiald acts will sweep across. the bond trading was hit. it was the worst quarter for fi itc. expect some headlines from that and they stick to the investment strategy, despite a loss last quarter.

it is about $64 billion in losses and they were mostly triggered by a sale in the summer in the worst quarterly results since may and they doubled allocations to equity a year ago. way tols say there is no review the strategy and there is a trillion dollars invested that is sizable. the shares are a little bit higher today. this is the lunch break. significant with the carmaker making the retirement age of 260. apart from allowing people to

tok harder, there is a shift family allowances and there is a plan to make it possible for it changes thed bonus structure in such a way that it rewards better theormance and we look at compensation system in the next fiscal year in a major step with a major company. 90% of japanese firms are at 60 years old and we know the demographic problems policy makers are trying to get in front of. host: we look at morgan stanley and they call it "the year of the yen."

we will bring you a preview after this break and we will hear from the head of the asian fx strategy who says that this is a symbolic milestone. stay with us.

you are back and the imf has finally of proof the chinese yuan -- of finally of proved -- approved -- have finally approved the chinese yuan. >> it really comes down to a belief that this makes you a reserve currency and it is

important to realize these are not one and the same or sufficient or necessary for top look at the canadian dollar and they each made up the reserves. likewise, we know the central bank is accumulating and malaysia was announcing they were joining and the renminbi was not in. host: it is symbolic. >> absolutely. it is a statement of international legitimacy against a backdrop where voting moves to increase and is with congress.

transpacifice partnership agreement that china is not a part of and this is a 18 for china to international legitimacy. is truly usable pretend.annot >> it is a little looser and you cannot say the renminbi is not convertible. it is not a requirement. >> it will become more freely and,e in an economic sense as that happens, you have a have thetatus and we

trade side of things and the finance side of things. it gets on china and rid of a misalignment. it is where the use of the financial system is falling short and we see this lower than expectingonsensus was and i think that we could see a virtuous cycle where they can renminbimand for the as a reserve asset, if it is combined with internet/-- internationalization. host: we have seen the dollar strength.

are we done with this? 74% discounted by a few hike and we are on of a liftoff on the table was janet yellen speaking about a risk events and we have the payroll with north of 200,000. we are looking for unemployment ofhit the explicit view employment. >> we have morgan stanley saying that this was a year of the yen. how is the inferential getting wider? leveragedhe most currency in the cycle and we are expecting a significant rate hike from the reserve by 2016

by the middle of 2016. what about the euro? >> we think the ecb will deliver the possibility and we're looking at a basis point cut with the extension of the asset euro-dollartake the by the middle of next year. >> thank you very much. >> stories are making headlines across the headlines -- across the world today. elderly and those with respiratory problems have been told to stay indoors and the government did not achieve the

air improvement goals. the city is issuing a pollution alert and the air is not expected to clear before wednesday. this is a clear shot of hit 650, 25nd it times above safe levels. this is a live shot of beijing today. the environmental protection bureau says the air will remain like this today and will improve. ship passed through the dardanelles. it is accompanied by a coast guard ship. remain tense after turkey shot down a russian warplane.

fleet set sail for the antarctic today. this is the first expedition since the court of justice ruled that whaling is not scientific. japan will kill one third of what they used to catch. australia wrought the court case and may have ships shadow the japanese fleet. >> another battle against rivals and a visit. we will tell you about that after this break.

♪ is trending business and we are looking at what is going on on social media. measuress a tool that how much something is trending and we know about these companies and fast food retailers who use social media and you are looking at the 1980's and nothing has changed.

reachhanged is how they with a we have this every tweetfrom taco bell had and you can go further down a scale to wendy's. marketd's started to aggressively the all day breakfast and they got a higher ratio than taco bell and eight times burger king. tweets are done during the middle of the day. if you are curious about the most followed restaurants,

starbucks, mcdonald's, i don't know. you have fast casual and pizza places. it is an interesting measure of mileage. this looks at the retweets and it is a function of followers a certain account has. it is very interesting and we will leave it there. >> thank you. and thep at samsung company looks to reverse the slump. this is trending business.

♪ a look at the top stories would china indicating activity from last month and this was a low forecast in the lowest in three years for they beat aboutations and there are six interest rates with some percent growth. beenhinese yuan has dollard with the

integrating into the global economy. they are topping the yen and the pound. up with there chairperson replacing the head of the company in a management chargele with the ceo in while there is medical treatment and there was no mention made of the chairman position. for lunch andose a look at how the month has started. one.oks like a positive >> it was a recovery on the back of a horrible and to the month old shanghai doing the same

and some volatile swings so far. inember the volatile session a ramp-up in trade starting with concerns of a return to state-sponsored buying and chinese banks saw a selloff with the bank of china down. todayre all in the red and we see the imf inclusion for the chinese currency and we get andents dropping in beijing the imf has to review the valuation that china will issue and they stay at the equilibrium

level, saying you should not worry about the foundation for further decline. take a look at the little bits references and the rate is a little bit higher today without much drama. today,look at the tear despite the numbers with a little bit of a blip. gains ateing extended the moment. concern about a growth target and manufacturing signals factory activity is declining further. tom is in beijing. what will it tell us up out what is at play?

>> i try not to get excited we have thedex and weakerl data coming in both ofreality is that below theractionally 50 mark in the conditions. where does that leave us? the economy has not gotten better and it does not seem to be getting worse. >> there is a lot of talk about stimulus. is it something that we could see? is continuingent to adopt stimulus policy and

most economists are penciling in interest rate cuts with fiscal policy and ramped up public spending. deterioration does not seem to make the economy get worse and i do not think there is a case for the celebrated reasoning. with this purely symbolic the exchange rate? i think there is a cynical view of the market that, having theeved the objective with reserve currency status, it allows a contested valuation to

support export competitiveness. we see a little bit of weakness today and our view is that it is unlikely for a couple of reasons because of the last few months with the evidence the chinese growth stabilizes and the data and growth rate really demands a massive response from the government. secondly, and more importantly, the chinese leaders had a shock with a devaluation triggering selling pressures and we do not think there is a hurry to see a repeat performance. the expectation is that this will be a time of stability for the chinese currency.

day ins decision australia with glenn stevens ruling out cuts. let's go to paul allen. he said to wait for data and we have loads of it. >> we certainly do. it is encouraging. some, less so. the house prices were off nationally and down in sydney. it was a market that was ." cribed as, "crazy this is just over $10,000 and it would not even come close to covering the tax of the transaction. at least the market is cooling. we had week numbers out last

week and the deficit is widening. expected isof data the gdp numbers and they will the hour.ision before >> this could be good for the office it's. secretary has a and the country has become accustomed to its with a report suggesting weaker growth will hurt the government when they released the of eight sometime in the next couple of larger levels

it is clear that there is a literal and figurative whole in the ground with economists saying there will be no church -- no change and they may have cut. we will check in on some aher stories concerning relationship and they declined to give details. this would block interference with unnamed sources saying they are ready to reduce voting rights and paris would not accept any changes until they you lot -- aligned. 20 weeks of paid leave after the birth or the adoption of a child.

they said they would pay for a and clientsk trips will soon be able to make payments using a watch and they signed a deal for early next year. will give you more details of that in the next few days. -- ung's vice-chairman we are joined now. what happened with the shakeup? keep theoup decided to mobile and home appliance units n place. the head of the mobile division will the title and he will hand

over the job to a younger leader. ofalso have the handing over daily test to another person to be named later this week. helped to make one of the biggest sellers of smartphones. --ay seems desperate desperate to revive growth. >> widened they take the title of chairman? take the titlet the sum around and it has been with the toprs norm here with a the top title until the father

officially steps down from the post. the wide restructuring is taking assertinghe has been with the lead and offering a big with industry watchers technology who is the boss now. why bother taking the title? >> what does this mean for the come to me? it was a big significance with the management shake up has beenng and he

relegatingtamp by the businesses and this used to retool event for the group with this taking place any time or anywhere. >> thank you very much. companieswants other to help with one of the world's worst foods.

>> welcome back. it is time to look at stories making headlines right now.

a 25-year-old died in april from a injury while he was shackled on the back of a police van. six officers face charges. rioting.turned into belgium has called for the creation of a pan-european thelligence agency and says agency is needed to collate havemation among those who hostile intentions. a four-day lockdown of the belgian capital happened. group protested for months against the new

constitution, wanting greater has a and civil unrest unicef islocked and helping children at risk. host: the united states and china lead a rallying cry for global actions on climate change. it is a thing they see i do i on and it makes a persuasive case why no nations are immune. threats spoke of dire of a band and cities and flooding with storms and natural disasters we have never seen before in this part of the world. we see a severe weather pattern

that appears to be getting worse and the emerging world has a voice, more so than ever before, with obama technology that. they both mutually agreed to continue the climate fight and looped in the minister from india. listen to what obama said about curbing greenhouse gases. nationsng developing during the dirty days of development is important. you have 300 million in india who do not have electricity and we cannot have a climate agreement that says they are resigned to not having electricity.

that is not an option. haveve to make sure we development taking place with technology and arrangements. reach a deal, it by 2020. emissions >> we talked about this before with the developed and developing world and their approach to dealing with a problem. in by othere filled charitable organizations? announced the investment and he is leading a group of investors to put money forward. is among the donors and the goals with the energy

coalition is to take a closer and newcarbon emissions sources of energy. it is a sensitive topic and there are emotions involved. get aeless, they had to conference done and, it appears that they are ready to get a deal. >> thank you. let's go to indonesia and get some help to tackle the devastating forest fire. other countries will try to contain illegal burn offs in indonesian carbon emissions and we are joined from the capital. what is he asking for?

>> like many emerging machinations, they need help mitigating climate changes and they are looking for 3.6 billion and a young form of coal for them carryingth on and a lack of law enforcement allowed development against the peatlands. and is about enforcement technology transfer, as you heard obama say and bill gates promising. they are skipping a dirty phase this isopment and

behind china, or zillow, and a number of projects. it is not a lack of money or interest. it is a difficult environment will implementp more rules to attract investments. promisedoes indonesia in return for help? >> this is the middle of the pack, in terms of emerging markets with polluters behind china and the international cut,ms could increase a needing a shift with clean

energy power. i think that is what they are looking for. >> thank you very much. upnext, india is gearing with promising growth figures. there will be more after this short break. ♪

host: all right. decision day in india and they are heading the governor will hold after the growth at a faster rate than they expected. tell us more. >> the annual economic growth accelerated in the months since

september and government data and thehe growth slowed estimating in a bloomberg survey and the value gdp growth has won the facts and they are witnessing a diversion trend with sterling growth and manufacturing on a wide. -- a wide time span. the expectation of slowing growth in the sector dataus also looking at from the central bank that cut

sincethis year the most 2009. we have which day -- which way he really goes and whether he is influenced by the consensus view that we live in a pick and choose world.

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♪ >> from our studios in new york city, this is "charlie rose." charlie: the cia has played a pivotal role against terrorism. the mission has often required balancing national security against core american values. agency who had led the have faced some of the most somber decisions in history. cia in the crosshairs is a new documentary. it features interviews with all 12 living cia directors and their operatives. here is the trailer. >> everything we hold dear was at risk. >> we a