john dawson. >> stocks taking a tumble in tokyo after honda refused a bailout. they are taktata's -- takata's biggest customers. a long-running labor dispute may force on the 2 -- honda to change production.they have scrapped their sales target . honda says that pressure led to a lapse in quality and the record recalls. two companies bought by alibaba are joining forces to take on uber. they have confirmed a merger after an intensifying rivalry and regulatory hurdles. it could be valued at $6 billion and may list soon. expect details after the new year. those are the top corporate life this monday morning, i am john dawson. >> rumors around that apple is planning on entering. steve, we have been discussing this all morning. what is the logic year, apple becoming more mobile? >> it is pretty exciting. apple is probably about building electric vehicles because apple has been around for a long time -- probably not building electric vehicles because apple has been around for a long time, building futuristic looking devices. we think what they are building is a smart

. >> john dawson, thank you for watching that for us.ric has promised to keep its the unchanged, but not for much longer. pricesonsidering raising unless it is allowed to fire up its nuclear plant. reactors were off-line following the fukushima direct -- disaster. the long-running labor dispute at west coast ports may force honda to alter production plans. it made some output after scrapping its annual sales target of 6 million vehicles. pressure to me that figure led to lapses in quality and record recalls last year. it has yes -- yet to decide on cutting production or u.s. plants. singapore's prime minister will have surgery today after being diagnosed with prostate cancer. the 63-year-old will be on medical leave a week and is attracted to recover. -- expected to recover. he had lymphoma in 1992, but was cleared of the illness after treatment. saying sorry. hsbc has issued an apology over allegations that it helped swiss clients evade taxes. with the ceo describing the development of painful. full-page ads taken out of british newspap

i am john dawson, and we are "on the move." developing story trouble at chinese property firm kaisa. the ceo has quit. greece wants help for the banks but says no more aid for now. pole reversal. the queensland to feed be a career-defining moment. first, the first trading day of the month. david is here with the reaction. >> it is not very good so far. certainly, we are continuing to see the headwinds from wall street friday. the gdp number that came out for the fourth quarter, not exactly the most ideal. a drop of 5% to 2.6% picked -- 2.6%. that is what asia basically woke up to. kicking off a new trading month, take a look at what is happening with the nikkei 225. i will get to why a lot of these stocks rising. we are down about 1%. dollar-yen at a three-week low. the yen is stronger against its u.s. counterpart, despite the fact we have the u.s. dollar strengthening against most other currencies. some safe haven plays. a lot of eco-data coming out. china adding to the woes pmi unexpectedly drop into 49.8. we were expecting t

john dawson is born in the year of the rooster. i will let you check what your that is. >> manus is the year of the goat. latest of all time. -- greatest of all time. >> i think we are losing the plot. thank you very much, i think. very insightful. >> let's turn our attention to something which is a little more luxurious. it has been a tumultuous few months for the company, slowing sales caroline hyde is here with a little bit more in terms of what we can expect. >> gucci continues to be the weakness in the armor. gucci has really suffered from weakness in chinese demand, if they lost their way, their air of sexiness. but they are making big changes over in karen grew. -- group. we are expecting an increase of 7% in sales. when you are looking at a particular brand gucci is likely to see falls. meanwhile, vanessa is going to rise 9%. some good rise as much as 70% -- 17%. it is the executives who are falling in or out of fashion overall, because energy'-- because gucci's executive has been rearranging. take the vanessa executive and

edge" is next. . >> hello, i am a john dawson. this is "asia edge." ♪ trading.he highest since september. hasgovernment in athens only one day to come up with convincing the reforms and then the rest of europe decides. hsbc's earnings could be overshadowed by executive pay and secret accounts. >> watching that. i am angie lau. modi takes on a corporate india. the government tackles corporate espionage. back to work. shipments across the pacific are getting back to normal after a nine month labor dispute on america's west coast. and the oscar goes to -- hollywood's biggest night and expected to be one of social media's busiest ever. all of that and more on "asia edge." and i amavid ingles watching the markets for you. a decent start to the week. most markets moving higher except the hang seng index. where are we now? record levels for the philippines and indonesia. the nikkei 225

. >> for more, let's go to john dawson in hong kong.e has the numbers that break down the data for us. the headline, i suppose we should be grateful that they are out of recession but i have now got language prints in japanese all over my bloomberg. >> actually, the number was not as good as forecast. however, it is a very, very big plus. fourth quarter was positive. and stocks were at a high, and that is a positive, a good one. there was the first quarter -- fourth-quarter forecasts, and it came in up, so that was a significant miss, but it really is about a theme about positives. markets taking that forward. also, the growth is modest. these are the three things. out of recession. modest growth. that is a strong item. >> indeed. let's talk about abe, because we have got the bank of japan. how are they going to react to these? the yen is rising. traders are the least bearish since the middle of last year so it is a debate about dodging more quantitative easing or not. the market seems to be a bit wary. >> there were his words and, in f

i am john dawson, and we are "on the move."ory, trouble at chinese property firm kaisa. the ceo has quit. greece wants help for the banks but says no more aid for now. pole reversal. the queensland to feed be a career-defining moment. first, the first

john dawson is standing by in hong kong. this is software which was loaded up unbeknownst to the customer. >> correct. this is a bit of a blow. the cheek tech officer said this -- chief tech officer said this -- we messed up badly. we made a mistake. our guys missed it. we are owning it. at least they are being honest about it and transparent. they tell the public what you're doing about it and be honest. the software was preinstalled and may expose their customers to hackers. it was made by a company called superficial. it will be ready on friday. that is quite encouraging. not only are they giving a transparent statement. they are also giving a solution as well. that's a way to deal with the problem. >> that's encouraging. england's cricket performance not quite so. >> i smile out of shock because i cannot believe what just happened. australia thrashed us. new zealand crushed us. you have first of all the fastest 50 ever. we got 109. imagine if it was a test match. it would be so embarrassing. what do you do? if you don't

that is john dawson. let's check on other stories making headlines. singapore's prime minister lee hsien loong will have surgery after being diagnosed with prostate cancer. the 63 year will be on medical leave for a full week and is expected to make a full recovery. the broadest measure of new credit and china shows -- of new credit in china shows its second consecutive monthly rise. shadow lending dropped in december, that as bank lending double from the month before. one of china's biggest investment private investment funds -- biggest private investment funds is looking to invest $1.5 billion in london. expect it to create 20,000 jobs and generate $7 billion for the economy. antivirus software maker casper ski lab calls it unprecedented cyber rubbery. a gain of sophisticated hackers have gone to another level going online to steal $1 billion over the last two years. what has happened with that money? >> it is still going on. this is what is kind of scary. you can track them, but you can't catch them. let me give you the details of this. kasperski l

i am john dawson. >> this decision now being reversed. anna is in jakarta.fidence in the president? >> not quite. until then, there is still no confirmation whether the president will inaugurate or not. we're still waiting for that especially after he said he will give final decision on the chief police after the pretrial decision is out. monday, the court ruled that the nominee should no longer be considered a suspect and this has removed any legal problems. i suspect was illegitimate and has no legal basis. the judge rejected all exceptions conveyed by the lawyers. katie k also claimed the hearing did not have any authority. he was accused of receiving bribes through suspicious transactions. rish. >> how difficult is the position after this? >> jacoby was already in a difficult position before this ruling with money people hoping he would not inaugurate him as the police chief. now, things are different. he has been endorsed for the role that parliament. -- by parliament. he is exposed to public -- last violating his campaign of fighting corruption and par

john dawson drones me with the latest. roika, to do with the t get the approval letter.on electoral platforms. -- hehink you lost a lot lost a lot because he has to go to the party to say that he lost the four-month extension drew the bailout and not a loan. but completely backfired. -- that completely backfired. the cap forward his own proposals -- he can forward his theproposals but the key is and thes going forward remainder of this week when the extension expires on the 28th. the rest of europe will run debate, talk about, and to them. this is them talking about post friday. we wanted about all but not the war -- won a battle but not the war. the real difficulties including those connected to the negotiations are still ahead. thehe crucial thing is 94-year-old resistance fighter left in the ii, far party. quote "i asked people to forgive me for contributing to this illusion --o the best illusion illusion." being theon extension. first of all, what could come forward. ministers,sent to there is a tweet. the formula is almost ready so rumors are for. -- reform was is a

dawson. >> that's right. star wars writer lawrence on saturday afternoon at 1:30 and then we have the legendary director johnman presenting his new film. i'm sure you've heard of "deliverance," "hope and glory." >> fantastic. thank you. over the course of the film festival, 7 to $8 million expected to be generated right here in the south bay. it's a fantastic festival. like i said before the doors have not yet opened. we're going to have more for you as we head throughout the 6:00 hour together. back to you, raj and janelle. >> thank you christina. she belongs on the red carpet. >> i know. she looks so glamorous. you look beautiful. and the weather is going to be nice tonight, right, jeff? >> yeah. we've going to have some 60s, no chance of rain. yeah. it's going to look perfect here. >> it's good movie weather. >> it is. >> a few showers coming our way as we head throughout friday and saturday with low to mid-60s and then on sunday drier weather returns. smooth sailing at least for the next few days. >> it looks very nice. thanks for joining us at 5:00. "nightly news" with lester holt is next. >> see you at