link to faulty products. top producers may reconsider closes. tell us what you think of our top stories. just to get on twitter. cash -- hashat tag. toccata justf getting started. >> not that much trend going on in the markets right now. a mixed bag. reversing the losses we saw the start of the session up 7/10 of 1% so they are close to some of those pies we have seen so far. we are not getting much direction today ahead of the bank in japan. that decision coming up in an

hours time or so. the topic set to cut its biggest monthly loss in three years. we have seen that depressing economic data. the plot of bad news coming out ahead -- a lot of bad news coming out ahead of that. the line that came out overnight from black rock ceo says we have seen this oil rebound some 10% in the last week or so but he thinks oil still needs to hit $22 a barrel and markets must drop 10% before they can save lives. we are kind of shrugging off what happened on wall street overnight. we did see stocks rise over the earnings. 80% asmpanies reporting

we enter into the heart of it. the nasdaq and s&p 500 all rising overnight. alibaba earnings did come out, which could be adding throughout this china growth. where that sales volume the growth they're lost some steam. more questions on china's slowdown but -- shanghai up 1% right now. rishaad: absolutely horrible set of numbers out of japan. numbers showing the road to economic recovery remains filled with challenges to put it mildly. all of that ahead of this highly anticipated the announcement in a matter of hours. haven't gone the doj's way. the market is it acted to raise rates more slowly.

it has driven down the cost of oil. one of the biggest imports is japan. remains below zero. that is the core inflation rate. .1%. that is where we are and where we need to be in the next 12 months. target. below half of we also have this other reading. it's an inflation rate in tokyo. that slipped back into inflation. i will get you some more details later on. that being said, let's have a look at this announcement. what is a central banker to do? this latest set of data, analysts are saying the boj may need to act. signal to prevent the market from tightening their

policy. at some of these cross rates for the japanese yen. it won't be today. most likely march, most likely in july or april. a sizable group -- and that's the number of economists who think it will be in march -- a sizable group thinks that this too shall pass, that they don't need to do anything. while there is disagreement here, it's curious to see that there is no disagreement when it comes to the question can the improve the inflation target this time next year? will we get to 2%? 40 were asked. 40 said no. 100% batting average and that they will fail. what are we doing at the moment?

you saw the importing inflation from abroad on top of the structural causes we're looking at domestically. as the yen continues to , the inflation gauge will continue to fall. with thatore detail story in the course of the program and we do want your opinion. please tweet us your thoughts. three-weekng that high we had. speculation that leading producers may get together and discuss output. .ussia's energy member it? is just it, isn't there is no meeting and no one said there was a meeting but everyone said there was such a thing. >> it's very much a case of

russian whispers. arlier in the week, we had rock talking about a possible meeting between saudi arabia and russia and now we have russia talking about a possible meeting but there is no meeting. until you hear something from saudi arabia, until they say let's meet and talk about production -- rishaad: and even the russians say we are meeting. >> it all is on saudi arabia. it was only last week we were talking about oil at a 12 year low and now we do this rally upwards. it saves the market if it maintains these gains and keeps them through the u.s. opening hours, it saves the market from the worst opening month since 1991. it's working in favor of oil at the moment. rishaad: hedge funds have the in place. how has that distorted the

market? >> a lot of additions last week. investors needed to cover those additions. it's an interesting situation. forecast to rise in the second half and the first half was always going to be bleak, tough. as fun as we get through that into the second half, it should be better times for all. rishaad: thank you very much indeed. take a look now at what is going takata. a look at that story and others. juliet: we are hearing the ceo is prepared to design in order to placate stakeholders unhappy with the way the air by campbell has been handling the process.

us theyces are telling will be more receptive to recovering to cad if management is overhauled. they could face opposition to akta being included. takata is said to detail is his nurse outlook at a meeting today to gauge how receptive the automakers will be to providing financial support. an 11th debt this week potentially linked to the companies airbag defects. honda hasn't commented on the calls for management shakeup. a base's earnings were across the board but that's not enough to keep investors happy. shares fell almost 4% in new york, bringing the total loss to

18%. the key concern is slowing growth in merchandise volume. ads on itssold more platforms. concern about future growth in the chinese economy as a whole overrode this revenue. alibaba shares have slumped more than 30% over the past five months. amazon has plunged after profit missed estimates. quarter earnings came in at a dollar a share. 14 .4 percent. -- 13.4%. an increase in spending in technology and delivery services took a bigger than x acted chunk out of profits. the result was a surprise for

investors and analysts are rushing whether the ceo can readjust investments in the wake of these sales. sharing the about first-ever super bowl ad next week. amazon shares very much out performing the market over the past 12 months. we're looking at a korean noodle maker that is the best performer. a look at that. show, up later on the japan's economy minister resigned over a scandal. we are live in tokyo looking at the fallout. stophat will it take to china's capital out close. we will discuss that and more right after this. ♪

>> the world health organization says that the seek of virus is reported in 23 countries. the mosquito-borne virus causes thousands of birth defects in brazil just six monthsefore the olympics. the president has ignored reviews from washington and beijing and reiterated taiwan's claim to the south china sea. it is taiwanese territory and he prevents to prevent -- entrance to prevent the island being taken away.

japan has a shown off its first domestically designed plane, putting its armed forces into a select group with such technology. underway. are the defense ministry says the plane is just for demonstration purposes at the moment but japan has the option of developing it. journalists around the world, this is bloomberg news. well, to say this has been a rough ride would be a great exaggeration. we have a sentiment levitated by appreciation. while the state retreat private enterprise in china -- we know that. with what happened

with industrial numbers that came out. the old economy is perhaps sputtering while the new economy may well be going great. we like to divide the china equity into two parts and i think you can do that across the economy. if we spoke about this tenuous ago, the list was too small to two years ago, the list was too small to bother with. gonerivate enterprises has up by 250%. now we have a situation with a combination of performance and good earnings that the listed is now 40% private. is a huge relief, easier for people in my job to talk about china in a positive way. rishaad: what about the rest of the 60%? >> that just has to keep shrinking.

one of the issues at the moment for the china market is that there is a low level of confidence in the leadership's commitment to reform. when you look at what that reform entails, it's all about downsizing the public sector. people a not believe that so much today but we think that's the direction. in the future, we are talking about a market with 70% weighting in the private sector. a lot of the issues around these dinosaurs and the economy won't be so big. rishaad: does one totally avoid the country if you are an? -- and investor? in the private sector. the private sector outperformed a 40%. we are more ambivalent. there are so many good opportunities. rishaad: the sentiment is as negative as you are suggesting right now, what's the point?

>> you have to. this is a base opportunity for china stocks in the last seven years. it's not just the progress -- private sector we're interested in. the enterprises may not have much growth about the yield are far too high. biggest enterprises in each sector, those yields are very safe. the only difficulty and downsizing will happen at the local government level. rishaad: we have the sheep coming up on us. the monkey nearly upon us. this will be seen as a watershed in china. they can draw a line under the sand. seachange, did we not, from 2015 to 2016? >> in this case, you are right.

the year of the sheep into the year of the monkey. have had a terrible january but that's really just a reflection of how difficult it is for china this year with the slowdown in growth and a lot of painful restructuring. the market has moved very quickly. as we go through the year with the monkey, things will look better. -- we haveestion is money just flowing out. spending.ow has been how important is it to plug those leaks for china? >> china is good at playing defense and i think the market is challenging them, as sort of happens every couple years. china has been having trouble communicating what it is doing on the reform front. it hasn't succeeded in boosting its economy. when it comes to administrative control, keeping its financial

system liquid, keeping its currency relatively stable, china has proven itself to be very good at that. right now, the outflow is linked to the movement in the currency. when they move the currency down, now they're keeping it stable and they will for the next three months. they will see those outflows received some more. this congressve coming up. that is what we will be talking about in the new year. everyone is going on. what are they going to do about reform and what other reforms will be put in the ways? these things have been debated for a while. we haven't seen much action. >> i think what we have seen is a lot of public dexterity. publicavior of officials, public-sector enterprises changed a lot and

that's good. i do think it now opens the door to us downsizing, which they've been reluctant to proceed with that the last two years. even though that's quite a long date. it's speaking to the fact there's not much we can do on the demand side. let's get rid of some of these enterprises that don't belong in theeconomy, finding ministry of finance level to help fund layoffs across the economy. this is going to hit growth in the short-term but it's what china needs to do. coming up, the $150 million incident which may reveal a gaping loophole in china short-term finance system. this is "trending business." ♪

rishaad: you are watching "trending business." as a possibility it won't release any properties for sale in hong kong the cia. home prices continue to fall. a 64% fall in net profit in a year. just 66 units sold. dropping ashe city much as 20% this year. apa's second-biggest growth considering job cuts abroad. too stock buybacks worth up -- it is planning to restructure investment banking operations in hong kong and its commodity division in london. the biggest steelmaker has reported its smallest ever annual profit.

pushing global prices down. the income dropped to $150 million last year from 518 million and 14. despite the slump, results did beat estimates and they come while china is in employment for the first time in a generation. china's largest investment conglomerate has uncovered what it's calling a risk incident involving nearly $150 million, when may reveal the flaws it comes to the country's short-term finance system. the latest in a string of incidents involving the bill financing market, which has ramped up in recent years. this is a short-term debt incident. it's a way for lenders to get around quotas in terms of loans.

casehas happened in this is bank employees use fake documents to get this in an unsold number of times full's the money -- time. the money was put in to stocks. it has been pouring into the stock markets. either drop of all this is really -- the backdrop of all this is the lack of effective regulation. week, the bank reporting it had a $600 million risk incident. employees stole notes from a safety deposit box. rishaad: extraordinary. the thing is when you have a situation like this, it does thieves aregh the

well ahead of the regulator. what can the regulator do? haidi: we are often told about china's market being new, investors being immature, and that being a learning curve when it comes to what regulators can do. just bringing up that chart that really does show you how far finance thing -- financing has gone. difficult for the csrc to regulate this because it has been around longer than china became the pic. they issued a notice to lenders saying we need you to assess these risks. this is essentially a business that happened with loopholes. part of the problem is 80% of these transactions is done on paper. despite these efforts to get electronic transactions

underway, it hasn't been taken up. rishaad: thank you. igo to japan's economy denying corruption but has stepped down from government. you look at the implications next. ♪ the only way to get better is to challenge yourself,

and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. t the other way around.

rishaad: takata set a meeting with carmakers. shares jumping in tokyo with the chief executive are paired to resign over the airbag crisis. some saying that would be the only way to win support of carmakers and lenders. in 11th death has been linked to the faulty airbags.

the message from household spending to industrial production and exports all tom bolt. the numbers don't take into account this year's market turmoil. all of this escalating rusher on the back of japan implementing a stimulus program as soon as today. leading leaders to discuss out that. the russian energy leader said he is meeting with opec members but the cartel says it has no knowledge of such talks. energy accounting for more than 40% of russia's income. moscow says the budget deficit may widen if prices continue to fall. the japanese lunchtime break upon us. positive right now but if you take a look at the monthly numbers, this is the biggest monthly loss in two decades

coming out of the shanghai composite. plunged 25%. a rough month, a rough week. today on this friday looking like it will be a happy one. of 1.5%. -- at 1.5%. taiwan stocks of 7/10 of 1%. ctraction of 0.28 percent. we are continuing to see that on the 2015 numbers were significantly substantially low growth they're compared to what we saw in 2014. stocks today rise of data but there are concerns of exports shrinking last year, which is a double win me from china's slow growth and tough market. with thehat happened

new taiwanese dollar. i do want to talk about the japanese yen. this policy decision coming up very soon. it's strengtheng today. currency traders think they are losing faith and going back in time when it comes to that weaker yen. he will not be able to have the ability to do that anymore. they are only bullish on the dollar yen. compared to the euro yen, it has strengthened against the end. some strengths this year. you very much. numbers out of japan today. all pointing to an economic recovery that remains well challenging. and policy announcement after

the next hour. should be in the next hour. 15 years ago, they would give people a clue. a look at the set of data that came out this morning. you have factory output, household spending. household spending fell close to 4.5% mainly because of a reduction in spending. the power bill came in much lower in december. it's much lower this month because of a strong yen. look at what happens as far as inflation. the oil cost -- rishaad: looking a little more

healthy. david: then you have this indicator at the tokyo inflation number, which also came this morning and fell below zero. we have a five-year chart, which shows you where we are at the moment. look at that. we have to get to 2%. around this time next year. the second half is fiscal year 2016. it seems very distant still, the 2% inflation target. and we have the survey here. we asked 40 economists. not a single one inks we will manage to get there. we have the boj with the policy announcement in the couple hours. in spite of this bad news, economists don't expect any

change. david: they don't expect any change now. the remaining six think there will be little peeks into what they are buying. at howt said, you look the currencies have traded. the conversation has shifted. doesn't have to, what will the markets do? in some ways, people say he does at least have to signaled his willingness to do so very soon, otherwise the market tightens policy for him. anything goes, really. bond yields indicating he doesn't act. rishaad: thank you. also making headlines, a new economy minister.

the former economy minister continues to deny any wrongdoing but says he had to take responsibility for what happened on his watch. undeclaredken donations from a construction company. >> the article mentioned i received cash from a visitor and put it in my pocket. receiving cash is not something a politician should do. it's an unforgivable act of any responsible person. rishaad: let's go over to tokyo critical amat how ari's role was in the administration. beginning, hery made the economy has number one i already. amari stood up the top of that so there is no question he is one of the most influential members of the cabinet.

he pushed through the trade back. that was historic. no matter how much money the boj pumps into the economy, the government pumped into the economy, the thing that really matters for his legacy is whether he is going to be able to push through these structural reforms. amrai had a lot of work that was undone and it's unfortunate he had to step down in the circumstances. rishaad: what do we know about the new guy and what do we know about what happened to the economy with the stepping down of the old guy? guy is relatively young but a very senior member of the ruling liberal democratic party. hasn't had a lot of major economic roles so far so that was kind of an interesting appointment.

the key for the administration is to make sure this is a smooth transition, that they can jump right into the budget deliberations for next fiscal year. is this a scandal ends up leading to any delays in the budget, that could certainly had uncertainty to the economy at a time when the japanese economy is already doing poorly. rishaad: thank you very much indeed for that. let's have a quick look at some other stories we're following. japan will be firing up another nuclear reactor, it's third to clear. the plant nearl kyoto before putting it online. all japan's reactors were shut down after the 2011 disaster. the governor intends to restart them to reduce japan's reliance on imported fossil fuels. microsoft's push into the cloud is paying off, posing better

than expected sales in office productivity programs. executive we makes the company around his cloud services. -- remix the company around these cloud services. a look at amazon. extended trading down by nearly 30.5% sales -- 13.5% sales. fourth-quarter net income of one dollar a share, shy of forecast. it is forecasting revenue toward the low end. like everyone from investors to economists looking for clues about the health of what's going on in the chinese economy and latest indicator will not ease the concern.

we had alibaba as earnings. growth looking a bit slack. let's have a look at their forward guidance. lulu chen is with me now. >> this is one of those situations where better than expected results despite the revenue and profit sales. what analysts are looking at is what ammunition does the company terms ofg forward in the weakening transaction growth we see and a cool down in china's economy and people are hesitant about the potential for revenue growth in the future. rishaa what about the company's long-term game plan? throughout 2015, we have been talking and it's been one purchase after the next. some of them not making any sense to the core values of

alibaba. >> a wide range of directions -- digital entertainment, expansion, online to off-line businesses, dining. a lot of these businesses probably not going to see any immediate returns for their top and bottom line growth and that is why even jack ma says expect a bumpy 15 months ahead and this wider cool down in china. rishaad: thank you. what we have on the way, cleaning up the environment and sustainable debt become more important in china than growth targets. looking at the that and more. ♪

>> iran's political leader has

gone on a $33 billion spending spree in paris, ordering 118 airliners. he signed deals worth around $30 billion in italy earlier this week. groupader of the armed occupying a wildlife refuge in oregon has called on his followers to leave. monti was arrested earlier this week and has issued a message through his lawyer, saying his fights to washington will continue in the courts. those still holding out have posted a video on youtube suggesting they would refuse to live. -- leave. it runs through all the usual drills but uses the life australian backdrops.

rishaad: china seems to be lowering the importance of growth targets with regional authorities looking at new metrics of debt sustainability and perhaps the cleaning up of the environment. malcom scott is with me now. it was the provincial level. if it changed on that level, i guess the hope is it kind of floats up. malcolm: it seems to be a reflection of what policymakers have been saying -- let's reprioritize toward quality growth. they don't want to adjust to just gone for 9% like they used to.

they want quality growth, sustainable growth. the provincial targets we have suggests there is a bit of a change in tone. of the 31 provincial level authorities, 10 have held the study. nine are interestingly looking for growth ranges. rishaad: nationally, what does this tell us? growth imperatives themselves? malcolm: we are all waiting for that growth target at the start of march. we surveyed economists in september and many did say there might be a range. they looked at 7%. the advantage is 6.5%, giving the bottom level, the level they must make to make these longer-term goals.

7% gives them a bit of an upside. the current targets don't give them that in terms of where growth expired. 13 provinces didn't meet 2013 goals. stand up once in the bad front. one's heavily dependent on commodities. province grew only 13.1%. winners aslots of well. the export regions still doing well. 11% in the middle of the country. rishaad: thank you, malcolm. wanted for crimes against comedy. games as the mumbai police take to twitter. ♪

currently, moving on the upside of 14%. .hey jumped as much as 20% similar -- a share

sale. the group's i.t. services. consumers are using plastic more and that's giving visa a boost. it rose 24% in the last quarter of 2015. the company aimed at accelerating digital payments. costcoriking a deal with to replace american express as the only credit card accepted and their u.s. stores from march. investors not impressed by for the record-setting year. shares moving as much as 5% in new york before closing 1% down and they are following an extended trade. us despite beating sales apectations and looking at record pretax profit of $11 billion last year. over one million vehicles in china and they say that market

should remain healthy. >> what we did see was a robust industry aided in part by incentives the government in 2016,on taxes and that will continue and we think we willee an industry as large if not larger by the time the year is over so we still see opportunity in china in 2016 and beyond. extendeda look at the session and amazon shares having a nasty time come profits -- time, profits missing estimates. the details from san francisco. corey: amazon reported fourth-quarter results less than wall street was looking for. when we look at amazon's progress as a company, maybe the results weren't too bad. at 3.1% of margin on the company, which is the

best operating profit the company has seen in a long time. the amazons web services business, a source of most of garnerednies profits, two point billion dollars in revenues. billioniness now a $10 runway, a fairly amazing and for amazon but maybe the prophet is in growing as much as some and wall street hoped. froe they wanted even more that business. wall street punishing the stocks as one of the best performers of the last year in the u.s. market. a little more profitable, a lot are revenues, and growing at rapid pace but exercise spending on research and development was about 10% of revenue a year ago 9%. maybe disappointing to some on wall street but as far as a

topline revenue growth story, amazon delivering. rishaad: going to move to what is hot out there when it comes to social media circles. over twitter one -- one over twitter. >> the mumbai police account has 35,000 followers. to put thely tried -- basically try to put their warnings out there about doing the right thing with some clever tweets. the chief got on twitter, noting he retires from his post on the 31st. he has been doing some interesting tweets interacting with our citizens of india. one person said can we record from by police riding in jeeps

throughout their seatbelt? >> he says you can provided you are not driving herself. they are being very clever. growing.llowers and "be a hero without heroin." the chief of police also coming through with his own tweets garnering a lot of following as well. a lot of puns there. there has been a lot of reaction. rishaad: that person had definitely done something wrong.

[laughter] there's another one as well. in other words, don't jump red lights. another story creating a buzz, barbie. >> i love barbie. even now. and i like her makeover. rishaad: what is it? >> they've come out with these new models to promote diversity. getting ahey are reality check. putting on the pounds to reflect a more plausible image. is this the biggest ever makeover? >> it is in barbie's history. they have these new body types. seven different skin tones. rishaad: 24 hairstyles i am informed by my director. >> that's a lot.

i think i've only got about two. they're trying to give girls a better body image. no one looks like barbie. rishaad: it's incredible for this company. they have $1 billion of the company's revenue coming from barbie. >> because of all the disney dolls taking revenue from mattel. hopefully, they will get some new sales with the diversity. rishaad: thank you very much indeed. "trending business." week. it for this stay tuned for ages edge. our guest today is fred newman. ♪

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♪ >> from our studios in new york city, this is charlie rose. charlie: we begin with hugh hewitt. he is the radio host of his radio show. he also moderated two recent republican debates and we are pleased to have him back on this program. welcome. >> thank you, it is good to be back. charlie: size of this confrontation between donald trump and fox news?