that is our booth at the recent break bulk conference in houston we'll be attending the break asia shanghaiin march the last two years snadz i'm sure you're aware of joined us in helping us to meet and promote the board we had iou officials go to the conferences as well we partnered with labor and we also annually have a joint customer reception we invite ship persons and companies to meet together we co-host the metro ports again to promote our facilities with that, i'd like to go ahead and introduce my colleagues and marketing partners if the metro port that organ peer 80 they'll give you insight first of all, mike is here the chief executive officer of international holding companies the parent company of metro ports and metro crews and then working closely with john allen the director of business development for metro ports i'd like to invite them 80 much to let you know what's on tap here. >> good afternoon commissioner president katz and staff i'm mike

in the asia pacific region the shanghai composite index surged up more than 3%. hong kong was up more than 1%. while tokyo's nikkei closed higher, hitting another seven-year high. the market pretty much shrugged off the impact of the first downgrade of japan's sovereign debt rating in more than three years. moving on to currencies, the dollar is gaining ground against the yen. the pair is currently up 118.88. market players are selling the yen and buying the dollar in line with the rising nikkei index. meanwhile the pound sterling edged down against the u.s. dollar. right now we're seeing it at 1.5696 roughly. a survey shows that construction activity in britain expanded at its weakest pace in more than a year last month. as they take it as another sign that the uk economy is slowing. >>> u.s. federal accident investigators reporting now that battery design flaws caused a fire aboard japan airlines boeing 787 at a u.s. airport last year. investigators at the national transportation safety board have released their final report detailing the january 2013 fire that

this is asia edge. shanghai at the highest levels we've seen since 2010.o the end. the sony hack was vandalism, not war. >> also coming up, while pyongyang denies any involvement in the attacks, critics say it shows north korea's growing threat. plus, this 1960's building is making headlines in hong kong by defying the wrecking ball. we meet a developer with deciding the unfashionable ideas. 2014 has been a good year for some. we will go through the billionaires list on this monday addition -- edition of asia edge. >> asian stocks are rising today for a third day as crude futures rebound. rising 1.5% led by energy and mining shares. after the finance ministry released a report on economic policy direction for next year. the shanghai composite rising

the shanghai index, after finishing last in asia last year, the shanghai stock exchange rallied morer this year, with most of those gains coming in the past six weeks. of course a lot of it is very speculative we should add. cheryl: you know, if you fall hard you have a long way to go up and they went pretty quick. >>> brutal year for natural gas, falling more than 27%. that drop helped consumers save big on their heating bills. david: that could all change as frigid weather takes over and could lead to higher energy bills. jeff flock is bracing in the cold right now. we can hear his teeth chattering all the way from new york. in fact it is so cold, that the camera actually just froze on us. so we lost his shot. cheryl: he was on in the last hour with me. david: jeff, wherever you are. >> it was a negative zero. david: we were hoping to get the shot but it was just too cold over there. meanwhile the national hockey season is underway and many fans are anxiously awaiting 2015 winter classic held at nationals park in washington, d.c. cheryl: rich edson talking to us from naggals park w

a mixed picture in asia overnight, shanghai gained a half of yesterday's losses, but japan fell two anduarter percent after a new survey shows weakening sentiment among japanese manufacturers and another weak number sunday into monday morning, and europe, stocks up marginally in germany, france, and the u.k. the greek stock exchange down again, and, finally, u.s. equity futures, see what's going on ahead of the market open here in the united states. dow jones looks to open down at 21 points, and s&p 500 would open down as well, off by two points, and nasdaq off three points. >> we ought to do the marijuana in d.c. i mean, why don't we try it? could it get any worse? >> i think they might already. >> right. could it get worse? maybe everybody would be more mellow, willing to compromise. the big gang, bring it back, bring it back to d.c. two earnings reports in the overnight hours ahead of the wednesday session. warehouse retailer costco beat by 3 cents with profit of 1.12 a share with revenue in line with consensus. excludeing fuel, better than expected 7 cents. you heard a lot about the

markets and the big sell-off in the shanghai markets. >> asia, a major focal point for investors. it has been a roller coaster session for chinese stocks with the shanghai composite ending the down down about 5% or month. shenzhen shedding over 4%. this despite both markets up n beginning of trade. the people's daily is running with the warning that a high growth is now the new normal. >>> meanwhile, officials clampd down on the corporate bond market. the currency weakening on the slower economy and stronger dollar. eunice yoon joins us live from beijing with an update on all these stories. thanks for joining us, eunice. >> not at all, wilfred. basically, there's a lot of stuff going on right now in the market. and from what i've gathered, the biggest concern is about a new rule that was instituted by the chinese regulators that banned the use or made it much more difficult, i should say, to use corporate bonds, especially low grade corporate bonds as collateral to sell off cash. weakness in the chinese yuan and eventually even though we had a bit of a rally in the morning with the

asia were also pretty positive. tokyo finished slightly higher to post its fourth straight gain. shanghai was up 0.6% to a four-year high. australian shares jumped 1.9% on the back of strong performances by energy and mining shares. let's switch to currencies now. in london, the dollar is inching up against the yen, after investors regained their risk appetite, and put the japanese currency under a bit of pressure. dollar/yen right now trading at 119.79-83. now meanwhile the euro is bouncing back from two-year lows against the dollar. traders keeping an eye on the greek presidential vote on tuesday. now market players also waiting for finalized third quarter gdp data for the u.s., which is due out on tuesday. >>> now, officials at tokyo's haneda airport have celebrated a special achievement. they say in 2014 they recorded their highest number of travelers. ♪ officials gathered in the departure lobby to celebrate the success. they say more than 70 million people used the airport this year. up 1.5 million from last year. crowds thinned out after the global financial crisis hit, and after th

asia ended their trading day higher. tokyo outperformed with nikkei hitting a one week high. shanghai edged down as investors there chose to take profits. moving on to currencies. traders braced air risky approach. they bought the dollar and sent back up to 118 range. it's mid 118 level now. euro is under a bit of pressure after the swiss frank hit lowest point against the dollar in more than two years. euro dollar is roughly 1.2335. the swiss national bank said it will introduce negative interest rates to reduce safe haven buys of banks. >>> the head of japan's auto industry lobby are trying to get to the bottom of a safety scandal. people at the japan automobile manufacture's association are working hard to locate the cause of a deeffect in air bags. the long running situation was weighed in on. he commented on reports by the japanese air bag can explode and spray metal fragments. >> translator: these air bag defects reportedly occur in regions that are hot and humid. i think car makers didn't know enough about gun powder and it's chemical reactions in such places. >> japanese car m

asia evaluations are okay, the low teens. i don't think it is bubble territory. >> shanghai composite versus hong kong? >> shanghai outperforms eight shares and eight shares will outperform china adrs. >> is this based on cutting the reserve requirement? where do you think we're going from here? we have seen an interest rate cut. is it hinging on that? i know you're positive on it, but does it sell the news event if we don't see the bazooka. >> china, there are almost three different markets. asia to me is the savings pool not going into residential property looking for the momentum trade. put that aside. eight shares, the economic data in china is showing the economy slowing down very fast. and the stock market knows that. these eight shares are very cheap. now they're responding a bit look a european bank last year to an easing. so we had one rate cut, ten days ago, we think you'll get another. you'll get two reserve ratio cuts. so you trade the easing and if you're trading and easing trade, maybe it is a first half of 2015. but not a long-term story. >> what is the number one concern you have when i

asia overnight, very strong as well. the shanghai market hitting a four-year high. we will see whether or not we continue with the rally we have seen. oil, looks like it has found a floor. we will keep an eye on that very carefully as well. as i say, very light volumes. a lot of people have taken this week off. markets could get pushed around more than you would normally anticipate. greece is still very much a story. the greek equity market is up this morning as is euro-dollar. significant news out over the weekend. ras, the prime minister, in an address to the nation, talking about the possibility of early elections for the country and what that will mean is that -- judging by the current polling, you could see a significant change in government. if he can't get his vote through, we get another one tomorrow and a third one. we do get general elections at the front end of next year. let's talk about oil. showing you what is happening, we have seen a little bit of a pickup in the price of crude. medium-term, the story tells you something that is very different. we've

asia-pacific region. the nikkei's gains extend into a sixth session. it hit a fresh high since july 2007. shanghai gained 1.3%, also hitting a three year and seven-month high. sydney declined. it was down 0.6%, weighed on by losses in mining and energy firms. >>> japanese government officials say an important economic indicator went up in october for the second straight month, but they have kept thinker assessment of the economy unchanged. cabinet office officials say the coincident index stood at 110.2. that's a gain of 0.4 point from the the previous month. they calculated index by looking at a range of data such as factory output, employment, and personal spending. the index rose thanks to an increase in overseas shipments of large machinery such as semi conductor manufacturing yimt. brisk exports of electronic parts also contributed. the rise in the index was small. so the officials maintained their assessment of the index saying it signals a possible turning point toward a downturn. meanwhile, the leading index fell 1.6 points. the index forecasts the economy a few months down the road. the o

asia insight, we follow the day-to-day struggles of china's mediation committee of medical disputes as they attempt to ease the tense relationships between patients and doctors. the xuhui district in central shanghaithe area's home to more than 200 hospitals. nine of them are in the country's top ranking facilities. the xuhui district has the highest concentration of hospitals in all of shanghai. hospitals are constantly overcrowded as many patients come from regions that can't provide adequate treatment. they come in the hope of receiving advanced medical care. but doctors are stretched to their limits and medical bills are usually high. due to the nature of the health care system. patients are left feeling discontented and frustrated. this is the people's mediation committee of medical disputes for the xuhui district. anyone with complaints about a hospital's treatment or bill can appeal to this third party agency. services began three years ago under the jurisdiction of legal authorities. among the vis tors on this day is a family who lost a loved one to heart disease. they are claiming that their mother died because doctors neglected to give treatment when her condition suddenly deteriorated.

the shanghai composite closed up more than 2% today, outperforming the rest of asia after china's flashom hsbc. markets posted the first contraction in seven months. beijing will implement additional stimulus measures. that seems to be the case, given that the weaker than expected data today, but not only today, but over the past couple of months. >> the pmi is showing those are moving in the wrong direction. so growth forecasts revised down 7.11% pmi confirming that that is the right way if forecasts should be going. we, of course, had some data for japan, as well. that was pretty weak, 52.1. japan is growing, but what was -- what is interesting is that japanese number is the export situation. so japan, even with its massive currency advantage, fairley -- and the export growth. this is a sign of just how weak global demand is at the moment, but also emerging markets as a whole. >> chris, can i just ask you, i'm dumbfounded by these moving we're seeing in oil, how quickly we've seen the retreat in the price of oil. again, nymex, 54 and change, brent 589 and change. what do you think the

equity futures are the were following the extended drop we in asia, ledrnight by chinese shares on the plunge in shanghaiat flowed into europe, which fell over 1.5% at many of the major indexes. as we get into the opening bell in about an hour. we are "on the markets" again in 30 minutes. if you are watching this show and i know you have the last few weeks, the strong jobs numbers will come as no surprise. business leaders up and telling us about their need to hire more workers. >> we are doing a great job of hiring people. we have a lot of openings, and these are not seasonal holiday kinds of openings. these are permanent jobs where we need these people day in and day out. >> we have seen the labor market tighten and we are able to find quality people were the team. -- gist.t the just >> the ceo of manpower group joins us from milwaukee. -- you released your employment report get you asked whether employers feel good about the job market. what do they tell you? >> they feel good about the job market in the u.s. this is the highest reading we have seen in over seven years. it is indicating growing optimi

asia pacific region. tokyo's nikkei hit the highest closing level since july 2007. that was due to upbeat u.s. jobs figures. china's shanghai composite index gained 2.8%, hitting a new 3.5 year high. south korea retreated from a two-month high. it was down today just about 0.4%. and in terms of currencies we're seeing dollar/yen at 121.12. the dollar's been gaining ground against the yen. analysts say the gap between u.s. and japanese interest rates will encourage the dollar buying, and weaken the yen. the euro has slipped to its lowest against the dollar in more than two years at 1.2252. some investors are selling the euro and buying the dollar due to the better than expected u.s. jobs data. well, increased exports of cell phones and steel to the united states and southeast asia have helped china rack up a record monthly trade surplus. customs officials say the trade balance for november was in the black by about $54.5 billion. that does top the previous monthly record set in august. exports in november totalled nearly $212 billion. that's a 4.7% rise from a year earlier. and it's the eighth straight monthly increase. impo

over in asia small investors in china are literally piling into the market, causing the shanghai compositeex to rise more than 4% today. that brings it to an eye-popping 37% gain on the year which officially overtakes the second best performer, bombay's stock exchange. look at those two. so you're looking at the blue line and the yellow line, and then the red line follows, and that's the s&p 500. but guess what? belgium's way above us too. should investors be looking east, and does the u.s. deserve a runner-up prize? let's get to the floor show, traders at the new york stock exchange, cme group and the the nymex. i'd like to begin first with ira at the cme because mario draghi said wait until next year, right? he did not make any announcement of a large scale asset purchase. then the markets fall and then bloomberg makes a report around 12:30 p.m. which really wasn't anything new but simply said, don't worry, it'll happen in early 2015. you can see where the spark hand. that green little point. suddenly the markets reverse, but we can't hold it. why does the market like that, ira? >> it's

asia pacific region. tokyo's nikkei snapping a seven-day winning streak pulling back from 7.5 year highs due to profit taking. china's shanghai composite really led the region lower today, down nearly 5.5%. the biggest drop there in about five years. >>> moving on to currencies, dollar/yen is now at 119.92. traders are adjusting their positions and buying the yen. meanwhile the dollar briefly hit the highest level against the yuan since july. traders sold the chinese currency against the dollar as they were feeling less pessimistic about the outlook for china's economy on the back of weak economic data. officials at the bank of japan are preparing to release their latest quarterly survey on business confidence next week and economists say the tankan is expected to show confidence worsening among smaller firms and nonmanufacturers and the weaker yen is the key reason. the head of the tankan released next monday 11 private research institutes have published their forecast. the institutes are split pretty evenly on business sentiment for major manufacturers. five of them are expecting improvement, while five think sentiment will

in asia overnight, we saw that the shanghai composite was down by about 2%. nikkei was up by 1.25%. and oil prices, which we've been watching so closely, sitting at $56.20. that's a drop of backside 1. decline of 1.6%. brent crude down 87 to 6082. and if you check out what's been happening with treasuries, in the bond market, the ten-year note is yielding 2.257%. also check out what's been happening with currencies. let's take a look at the currencies board. right now, the dollar is down against the yen, the euro and the pound. euro sitting at 1.2195. dollar/yen at 120.44. and the ruble has stabilized at 54. just last week, we were watching it touch 79. if you watch what has been happening with gold, gold price res slightly weaker, $1,176.80. >>> the dow closed above the 18,000 milestone for the first time. the next milestone is watch is 2, 2,100 on the s&p 500. rich steinberg, chief investment officer at steinberg global asset management. >> sporting a beard. >> yes. >> are you shaving it next week? >> yep, it's for the -- so the markets are good the next year. january 1st, the bea

asia pacific region. tokyo's nikkei snapped a three-day losing streak and finished higher by more than 0.6%. strong u.s. retail sales boosted japanese exports. china's shanghai composite also seeing gains of 0.4%. investors think weak data on industrial production could prompt chinese authorities to roll out stronger stimulus measures. south korea's kospi also with gains of just over 0.25%. that helped it recover from a seven-week low. >>> moving on to currencies now the dollar touched 119.2 yen. this morning, but it's now at roughly 118.33. traders are waiting for the results of japan's general election to be held on sunday. and also, a bank of japan policy meeting next week. they're also waiting for the outcome of a fed meeting in the u.s. next week. so the dollar's been doing pretty narrowly against the euro right now at 1.2432. all eyes are on whether the fed will signal an interest rate hike. >>> officials at japan and the european union have wrapped up their eighth round of talks on free trade deal. the negotiators say they have made some progress on intellectual property rights. the five-day meeting on the economic partnership agreement took place in

asia. see a third consecutive winning session almost for that lifting stocks. also rebounding crude l ifting shares. energy and mining shares leading the way. the shanghaisite up 3/10 of a percent. at one point, we saw the highest gain since 2010. -- ofuth korean economy the government cut the growth forecast for next year, but next year's spending is 3.8%. the costing index is up 3/10 of a percent. the japanese stocks are coming back after that break and looking like this. they have been swinging from negative to positive territory. energy company still doing great. >> talks of a tie up between largest refiners. how are their stocks doing today? >> because of falling domestic demand in japan, you have the population shrinking, people moving to more energy-efficient to industry leading players thinking of more consolidation. look at what we are doing now -- what is happening in the midst which is japan's third-largest refiner. they are in talks with showa shell. that was announced after they may have bid as much as $4 billion for shares of showa shell which is a 30% premium from last week's closing number. ell raising 229% at one point today. that was t

asia overnight. yesterday, 5% declines in the main a-share market in shanghai. today, we bounce back, 2.96%. making it look like that was just a brooe one-day correction. a big move, big volatility in shanghai. what has that meant for european markets? european markets bounced back today. they declined around about 2% to 2.5% yesterday. today, they are up around 0.4% for the stoxx 6 hup. germany is leading the charge up about 0.8%. >> but, you know, political uncertainty continues to way on the athens index. the greek stock market posted its largest drop in at least 27 years yesterday, down just about 12%. as we've been discussing ones "worldwide exchange," that political uncertainty most likely will continue. >> what does all this mean ahead of the u.s. open? yesterday it recovered from its lows. but today, u.s. futures pointing to a negative open. that's all the time we've got today on "worldwide exchange." i'm wilfred frost. >> thank you for watching. i'm seema mody. "squawk box" is next. >>> good morning. the government suggesting relief at the bump, averaging $2.60 for 2015. >>> los ang

asia i think today, eunice. >> yeah. we had a pretty bad day over here today. the shanghai stock market plunged by 5.9%. this is the biggest one-day fall that we've seen since 2009. there is a lot of different factors in there affecting the markets, but the main trigger, really, was that the regulators here changed a room so that it would make it more difficult for invisiters to use low grade corporate bonds as collateral to borrow money. we started seeing selling in the bond market, then that spilled over into the forex market. so the currency was at a four-month low. then that negative sentiment spilled over into the stock market. so that was one factor. the other factor, of course, is that the over the past several months and especially in the past couple of weeks, we've seen a lot of people put money into the shanghai stock market. there's been, you know, a huge rally yesterday. we crossed 3,000. and so because of that, a lot of people were saying we were poised for investors to take profits, anyway. in addition to than well inest versers said they were concerned about the noise or drum beat coming

shanghai airport in singapore, flight 8501 is listed as go to info counter. and the logo has changed from read to gray on its website. 8501 is missing in the waters off southeast asiaow gathering for any scraps of information about what has happened. andrew stevens is there and has new information for us now. andrew what are you learning? >> yeah brian, we're just hearing that malaysia is going to be sending three vessels to help in the search that properly gets under way tomorrow there are big ships in the area with lights but certainly there's no air searching environment. malaysia has had hard hard experience in -- as investigators try to find out exactly what happened to 8501. it's interesting, standings here brian, just in the last half an hour or so we noticed two women going into the building behind me which is the crisis center they are, they didn't want to speak to us they said they were obviously very very distraught so they may be very close friends or family members. so there are people still trickling in here trying to get information. most of the passengers' families have been taken to a hotel nearby they're being shielded from the media, but there ar

asia overnight one saw the market hang seng down by 1.5%. the nikkei down by 2%. shanghai up by 2.3%. but a lot of these moves have been taking place since the dollar closed. the dollar is down against the euro and the yen, but it's the ruble that is catching people's attention at this point. just moments ago, the ruble moved -- or the dollar moved to 70, above 70 versus the ruble for the first time in history. moments later, it's already at 73.72. a lot of this is because of what's happening in oil prices. russia's economy obviously based closely on what happens with wti and that's been down another 2.5% this morning. a decline of 1.42, 54.49 for wti. again, this is after the russian bank moved to raise interest rates to 17%. that was an increase of 650 basis points. briefly, it helped the ruble before kind of losing all power. the oil traded one out on this. >> if the thai baut with almost end the world, what is what can happen if it totally gets out of hand? and yesterday in our market, i figure we had 1% move. markets can move 2% and 3%, up 2%, down 3%, up 3%, down 3%.

asia. sri jegarajah is standing by in singapore, as ever. sri. >> thank you, will. the main nd side of the market just continues unabated. 2,900 on the knows on the shanghai comp. so you're looking at the biggest percentage days, it's biggest daily percentage gain since 2012. this is the strongest close since 2011, mid 201 1. why the catalyst seems to be the market continuing to front run the idea that we are going to see more stimulus, possibly in the form of a cut by the pboc sooner rather than later. a lot of people are saying it's not a question of if, it's a question of when. the property developers, the banks, the brokerages did very well, as well. you can see the gains on the hang accepting. the benchmark composite down by almost 1%, down by 0.8%. that is because the eastern philippines is bracing for yet another super price the year after typhoon yolan devastated the eastern provinces. this time we are hearing may strengthen to a category 5 store and is expected to make landfall today before noon. that's one of the seasons why the markets in the philippine res down sharply. underperforming overall a very strong session in asia led by the mainland china

asia overnight, you can see that things were mixed. the hang seng down by about 1 %. you did see gains of the nikkei of about 0.3% and the shanghai xot composite was up 0.6%. oil prices, this was the big story. all the ground oil made, it gave back yesterday. 67.25 is where oil stands right now. wti. take a look at what's been happening in the bond market. the ten-year note looks at this point like it is yielding 2.96%. the dollar is up against the euro. down against the pound. and if you check out was been happening with gold prices this morning, you'll see right now gold prices are slightly higher. 1,200 an ounce, sitting just above that line. >> it's called the round table and there must be a king arthur for any round table. and we are joined now ahead of today's ceo summit. i'm going to tell you first what happened here. the round table pulled the ceos that are members in one of the most interesting headlines, 40% do plan to hire more workers. that is up from 34% in the third quarter. but there are some worries. as you can see right there, about why the economy continues to grow below its potential. and a lot of it is regulat