that's when mistry took over as chairman. but some say the various companies have posted mixed results under him. tata has revenue down 16% for example. profit way down by slowing demand in china. only two of the companies can be said to be doing well. so some say mistry hasn't done enough to position the group in tough times. but whatever the reason it must be next to impossible to fill the shoes of tata. a huge surprise for india inc. over what happened. >> thank you so much for that. ishaad: up next the hilton worldwide, what, $6.5 billion worth of an investment. >> let's check some of the headlines. a top executive believes that the company stock is under valued by as much as 45%. the insurance business officer told bloomberg the conglomerate discount has been accepted. he argued investors have not factored in china's booming internet usage making it easier to acquire clients and market products. rishaad: 9 west has been given a leg up by lendors to help it through the holiday season. urces say the privately held company

mistry says the agreement was questionable in the first place.st as much as $5 billion to make and exit from that business. a revelation, a power struggle, it continues to unfold. haidi: very much. we will be waiting to see whether developments come out of this ongoing crisis when it comes to tata. pokÉmon go was huge hit for nintendo, but it was not enough for thet sales company's other platforms. shares looking like this, down .3%. what happened? >> good morning. as you said, this would be the finallywhen nintendo released the impact of pokÉmon go on earnings. they did have a $150 million , butall, which is not bad nearly not enough to make up for the continuing slowdown in its core business. on top of that the impact of the strengthening yen, and the company had no choice but to cut its full-year operating in revenue forecast. new consoleo has a in the works, but that one not be available and tell, so investors are looking at a holiday season without any hits in the works. haidi: what can they do now? falling,business switch met with a muted m

mistry accused the board of not giving him an opportunity and wrongfully sacking him. group has nearly $18 billion in write-downs. they are indian hotels. tata steel, automobile vehicles -- he calls them legacy hotspots. >> let's talk about infrastructure and air force. the british government has given the go-ahead to expand heathrow's airport. the government has at least come down on one side. >> seven years ago, david cameron was saying no if's or but's, there were be no runway. it is a relief to get this decision. >> what does this do post-brexit? >> it is more necessary. we can deliver the benefits of heathrow expansion as quickly as possible, including getting more flights off of our existing two runways, allowing to connect more u.k. regions. the more britain can benefit as much as possible from the european union. >> it is a missed opportunity. allowing a spanish-owned monopoly like heathrow that will not be delivered until 10 years and will already be full is not a solution. we need three additional runways, one each. at least you put competitive pressure on ea

the removed and of chairman much mistry has caused falling otu. -- falling out.d.u the government sold 150 million shares, the equivalent of $25 per piece. this is the largest railway sh are in more than a decade. jr kyushu makes most of its money from real estate. the ongoing search for yield helped propel the emerging market borrowing in u.s. dollars to a record last week. hit $25r bond issuance billion. hit $7.5d-setting sale billion. pakistan says at least 48, and possibly 50, police recruits have been killed after gunmen stormed a training center.. -- a training center. global news 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries around the world. this is bloomberg. it is 12:30 in hong kong. yousef: it is 8:30 in dubai. anna: and it is 5:30 in london. let's talk about what is coming up during european programming. we will focus on the globalization story, the rise of protectionism, and what this is comprehensive the economic trade agreement that is supposed to be signed on thursday between the eu and canada. but the ability

. >> no mistri sick, huh? i'm good. i just took new mucinex clear and cool. what is this sudden cooooling thing happening? it's got a menthol burst. you can feel it right away. new mucinex fast-max clear & cool. feel the menthol burst. and clear your worst cold symptoms. sick, huh? i'm good. i just took new mucinex clear and cool. what is this sudden cooooling thing happening? it's got a menthol burst. you can feel it right away. new mucinex fast-max clear & cool. feel the menthol burst. and clear your worst cold symptoms. let's end this. reckless street risse claims life of an innocent closer look about what happened. >> welcoming some brand-new faces. he could make the cut when the nominees are announced tomorrow. >> the unseasonably warm weather won't last forever. melissa will let us know when we could be wearing hoodies and check it again. the news at 10:00 p.m. continues. >> cleveland's own, fox 8 news. fox 8 i-team has exclusive video showing how the street race between two cars led to the death of an innocent man in a wheelchair. >> add gallic has an

mistry accused the board of not giving him an opportunity and wrongfully sacking him.as nearly $18 billion in write-downs. they are indian hotels. tata steel, automobile vehicles -- he calls them legacy hotspots. >> let's talk about infrastructure and air force. the british government has given the go-ahead to expand -- expansion of london's heathrow airport. the government has come down on one side. delay. is after years of seven years ago it was a damian saying that there would not be a third runway. it is a relief to get a decision with theresa may. >> what sort of boosted this -- is this post-brexit? >> it is more necessary post-brexit. we have been working on plans to make sure we can deliver and if it's of a heathrow expansion as quickly as possible, that includes getting more flights offer the existing two railways -- runways. make sure that britain can benefit as much as possible from leaving the european union. >> it is a huge missed opportunity. allowing a spanish owned monopoly to waste $18 billion building one more runway that will not be delivered in 10 ye

i thought the mistry over the weekend with the idea of where point a is and where point b is.? we have seen in other cases, this could take weeks, months. there is not much visibility in the process as you would expect. what you do have is the .enchmark from what we understand, the s is what thest final number came to. that is what we have for now. francine: what is one thing that would change your mind about european financials? >> i am worrying we are seeing an escalation of aggressions by global regulators. we are not getting a flattening. if i were them, i would worry about customers, rather than sales. i would be thinking, how many of my customers will walk away because they don't want to be with me anymore. that is the underpinning. any day.ces will move i wonder what will happen is customer start to go. tom: thank you so much. a little more on the nobel prize winner. this is the of secure area of contract law and has to do with the firm. the two words are principal and agent. we talk about it as if we know what we are talking about. there is a point that it had to begin

cyrus mistry's family does not currently plan to sell the holdings.f they do, the new investor will be a friendly party. a much-needed lifeline to boeing. the company ordered 14 of boeing 747 jumbo jets. the deal is valued at $5.3 billion based on list prices. ups would deploy the front loading cargo planes on international routes while shipping earlier model 747s. and that is your business flash update. vonnie: twitter reported earnings this morning the estimates. this also announced spending 9% of its workforce, meeting new profitability goals. twitter is in limbo over its future. potentialplored three -- three potential suitors decided not to bid. what's next for the struggling social network? sarah, we got the news yesterday is a dumbedt, which down version of twitter with photographs, some would say, is valued at $25 billion to $35 billion. suddenly you have twitter, which had three suitors, not having any suitors. what is going on? sarah: what you are seeing is the difference between growing and not drawing. snapchat is going really fast. , andn

the mistry is what that level might actually be in the u.s. jobless rate of about 5% , just after the september rate of 5%. total employment rose to almost 150 million at the end of last year. the number of unemployed is fewer than 8 million. as the labor market tightens, janet yellen and the federal reserve are debating the timing of rate increases. the problem is there is more uncertainty than usual over how many want jobs. here is the background. the government considers unemployed people as those who do not have job, have actively look for one in the last 40 weeks -- four weeks and are available for work. the bureau of labor statistics reports that 1.8 million people were marginally attached to the labor force last year, meaning they wanted a job and look for one in the past 12 months, but not the last four weeks. here is the argument. economists are divided over how close the economy is to full employment. some think that the short-term interest rate should rise soon. other think that it should be held at zero for longer. jobs andead more