the move is expected to put mitsubishi under nissan's umbrella. ghosn will hold the posts at the same time. mitsubishi executives have announced the scandal is hurting the company's finances. they say its net loss for the current business year is expected to grow $2.3 billion. >>> chinese officials have released the latest data on gross domestic product. growth has stayed the same for three consecutive quarters. gdp from july to september grew 6.7% year on year. the chinese government has maintained its target for an annual percent which was around 7%. president xi jingping has promised to put china on a path to sustainable growth. but government officials say there's still more work to be done. >> translator: our economy is in a transition period and there are still unstable factors. the foundation for sustainable growth has yet to be established. >> china wants to double both the gdp and incomes by 2020 compared to 2010 levels. and for more insight, ai uchida talked with the senior consultant for research at the asian develop bank institute. we s

nissan is reported to appoint its ceo charles goan as chairman of mitsubishi. makes him the chairman at nissan, mitsubishi and the french automaker at the same time. toshiba is also in focus. japan's securities regulators has interviewed three former presidents of the electronics firm for their related role in accounting irregularities. ai? >> tell us about how major currencies are atrades this morning, john, especially following the beige book that says the u.s. economy continues to expand. >> yes, ai, actually the dollar fell against the yen overnight. it is now at 103.48. the u.s. housing startles fell to an 18-month low. the euro weakened against the ya yen and the dollar before the european central bank policy meeting. investors are watching whether ecb president mario draghi will give clues about its bond purchasing program. let's take a look at other indexes open across the asia-pacific region. seoul's kospi is up. australia's index is up just slightly. now, the final u.s. president debate will begin in just under an hour and that may cause volatility for

futures on the nikkei fairly mixed. .ooking at mitsubishi nissan has completed its acquisition of 44% of billion.i for $2.4 as far as mitsubishi shares, taking a beating. this has to do with the manipulation of data rounding fuel economy. -- surrounding he will economy. accessing a flat open in on straley a on the afx -- in australia on the afx. they will defend himself against chargers with the thing in brazil, 21 employees of us on a co-have been charged with murder more one collapse -- bloomberg technology next. ♪ emily: this is bloomberg technology, live from the vanity fair new establishments on it and sent -- summit. elon musk is accelerating plans to roll out self driving cars. he announced all upcoming model three sedans will be equipped with fully autonomous technology, with tesla's existing software autopilot under increased scrutiny after a fatal accident in may. joining me now to discuss the state of this self driving industry, the founder of google car. always great to have you. i never forget we met in a google self driving car. five years ago. sebastian: you are courage

from mitsubishi, nissan, and perhaps renault. angie: coming up, switching sides.lippines' leader says he is dropping the u.s. to get close in china. we will look at what his change in attitude means for the region. that's next and this is bloomberg. ♪ angie: welcome back. david: the philippine president has made it clear he is turning decades of military ties on their heads. angie: he's made it clear his policy now veers toward beijing and it's time to say goodbye to the u.s.. our correspondent following duterte's visit. how serious is this? >> is potentially very significant. we have been working to parse his rhetoric will be turned into concrete action, but his language was pretty clear. he said this was an end to intervention by americans, that there would be no more military exercises with the u.s. he said that the filipino foreign policy was now shifting toward china, and of course, he said that the south china sea dispute would be taken off the table, at least put on the with thewhen he meets chinese president later today. his comments have been welcomed uns

nissan. it completed its acquisition, $2.3 billion stake in mitsubishi here.o takeears the way over as chairman. that this new alliance can turn the mitsubishi brand around. of mitsubishi, i am chief executive officer and chairman of the board. do the job.to i will be here to support him and provide him, guide him, challenge them, etc., but the priority today for mitsubishi is reestablishing trust. that is very important. there has been a breach in the trust around fuel economy. this has to be reestablished. the mitsubishi team has been working hard in order to reestablish that trust. we have delivered that in the form of specialists who have moved to mitsubishi to support them. second, to establish the normalcy of operations. mitsubishi was a profitable company doing well two years ago. obviously, 2016 with the forecasts is very negative, but this is due to provisions they had to take to pay for the consequences of what happened. i hope it will do everything in order to reestablish, but in a v-shaped recovery, normalcy of the operation would resume in 2017. ,

nissan motor president and ceo carlos ghosn will become chairman of mitsubishi motors to turn a troubled automaker around after a devastating mileage scandal. nissan officials said on thursday the company has acquired a 44% to put it under the umbrella. to undertake reform of its management under ghosn. >> rebuilding trust is the number one priority. nissan will provide the talent, the skills, the expepertise, an the rerestructururing experienc that has been requested by mitsubishi motors leadership to support the necessary changes. >> ghosn is 62 years old. he was dispatched to japan from french car maker renaut. mamasko will stay on att the request of nissan. to take responsibility for the fuel data scandal. mitsubishi motors officials say they will formally decide on the appoinintment of carlos ghosn a an extraraordinary sharehoholde meeting. >>> fujitsu laboratories said they have created an artificial intelligence driven system creating drugs faster and at low ter cost. >> officials say the a.i. technology looks at molecular structures. that allows drug producers to create new drugs

. >>> officials at mitsubishi motors has attempted to build a company under nissan motors. what's everyone here planning? >> catherine, as you know, it was just this week that we found out that nissan's ceo will become mitsubishi motors chairman. they plan to rebuild the business by overhauling it's development systems. the two companies have started talking about jointly producing cars in indonesia. mitsubishi will also scale down a plan to cut down on development costs. mitsubishi is known for developing plug in vehicles. the company plans to develop electric vehicle technology with nissan. the european central bank has decided to keep it's monetary easing policy unchanged. po we will keep quantitative easing unchanged. >> the ecb present said they held the benchmark refinancing rate at 0% and it's deposit rates at 0.4%. the decisions come as the consumer prices in the euro zone rose 0.4% year on year in september. that's up 0.2 percentage points in the previous month and eased economic concerns. he suggested that the bank will discuss at the next meeting in december whet

mitsubishi. mark: how a new generation of 3-d printers now in mass production could revolutionize many industries. nissanpleted its acquisition of tree $.3 billion stake in mitsubishi motors, clearing the way for carlos ghosn to take over as chairman. ghosn amateur minutes he your nissan and renault, tells bloomberg television he sees the alliance helping to turn around -plate it to be she "bloomberg -- mitsubishi. >> for the fiscal year 2017, if everything is done and we have a clear plan, you can expect the company is going to reestablish itself very quickly under the leadership -- vonnie: indonesia central-bank signaling it is not done cutting interest rates. the indication comes as economic remains below target and slowing. indonesia lowered the seven day repurchase rate to 4.75% from 5% yesterday, the 6th reduction this year. china is overheating markets last month in the face of tougher curbs on home buying. prices rose and 63 -- new home prices rose and 63. try to avert a damaging housing bubble without killing the main pillar of growth. mcdonald's third-quarter revenue tops estimates helped by in

nissan, renault, mitsubishi. do you like that? >> we're concerned about companies where the market is too concerned about top line grth delivering. we are cautious on renault because the expectation of toch line is strong, but you see the fixed line coming back. we are a bit more careful. when the market expects top line translating to earnings growth, we step back and look at companies that are cap efficient like bmw or we like peugeot because the expectations of earnings delivery are low. >> so peugeot is top on that list? >> peugeot is on the top. >> nice to catch up with you again. thank you. >>> britain, france, germany have denounced russia's bombing of civilians in aleppo. there's been notable push back from the italian prime minister, matteo renzi who said further sanctions should not be part of the solution. >> translator: we have approved a document that reiterates the need to get as quickly as possible to an agreement to a real truce and political transition process that we've been awaiting for a while. there's no point

nissan has completed its acquisition of a $2.3 billion stake in mitsubishi motors. is already chairman and ceo of nissan. he told us he sees the alliance helping turnaround scandals at mitsubishi. >> i will do everything in order to reestablish a v-shaped recovery, normalcy of the operation for fiscal year 2017. if everything is done and we have a clear plan, you can expect that the calm -- that the company is going to reestablish itself very quickly. shery: microsoft shares jumped in extended trading after it earnings beat estimates. first quarter profits excluding certain items with $.76 a share. buoyed by cloud-based software and services. it helped to upset the slumping pc and mobile phone demand. j.p. morgan chase has been accused of inflating the value complex bond that sold to individual investors by 15% in one example. according to a study commissioned by plaintiff's in litigation, it overstated how by failing to a cap for determinedices that -- that is your bloomberg business flash. anna. anna: shery ahn there. breaking ns. volvo trucks giving details on ho

nissan has completed its acquisition of 2.3 billion dollars stake in mitsubishi motors, clearing the y for -- to take over as chairman. he is already chairman of nissan and told us he sees the alliance helping to turn around the scandal hitting mitsubishi. >> i hope and will do everything to reestablish, but in a v-shaped kind of recovery, the normalcy of the operation for 2017. if everything is done, and we have a clear, and we have a clear plan, you can expect the company is going to reestablish itself very quickly under the leadership and support of allies. first quarter profit excluding certain items was $.76 eight share, buoyed by a cloud-based software and services. microsoft investments in club products -- cloud products helped to offset a slump in pc and mobile phone demand. that is your bloomberg business flash. guy: juliette, thank you very much. picking up on that bill gates story, i am going to make it a bill gates story right now. want something fun to do over your morning coffee, take a look at the rich go. layup.tes on a and william henry gates of the third, yesterday h

nissan has completed their acquisition of mitsubishi motors.who is already chairman of the sun and renault says he sees the alliance turning around. >> i hope i will do everything to reestablish, but in a re-shaped kind of recovery, .ormalcy for operations if everything is done, you can expect the company to very quickly.self indonesia lowered their seven day repurchase rate yesterday, the sixth reduction yesterday. the index indicates stimulus in the economy. mark b.: china's overheating housing markets tightened last month. new home prices rose in 63 of the 70 cities attract. policymakers are trying to reverse damage without killing what is a main teller of growth. donald trump third-quarter revenue was markets $6.4 billion beating the estimate globally. comparable sales rose 3.5%. vonnie: time now for our bloomberg quicktake, where we provide context and background on issues of interest. 3-d printing has evolved in recent years to an exemplar of digital age innovation. here is the situation. a new generation of faster printers may open the w

the chief executive of nissan has been confirmed as the new chairman of mitsubishi motors.itsubishi has been going through a difficult period for admitting falsifying data for decades. nintendo announced it will be showing its first glimpse of the next gaming systems this thursday. there is a lot of anticipation about this new console. it is expected to be launched in march 2017 and rumored to be a portable handheld console with detachable controller. posts its weakest sales figures in over a decade. it cut its sales increase outlook. withompany is struggling inflation for its products in europe. genie: let's wrap up with something that could make beer lovers very happy but might anger beer makers. connected an internet be a making robot that allows anyone to homebrew their beer. it costs $800. you just insert a sealed pack of grains and tops and the machine takes care of the rest. all you have to do is add the yeast and wait for the magic to happen. ofple who are actually fond home brewing will tell you that the pleasure of making beer yourself is that it's a complicated p

. >>> and nissan will reportedly appoint ceo carlos ghone chairman of mitsubishi motors in may. nissan announced it would buy a controlling stake in mitsubishi for 2.3 billion after mitsubishi admitted to falsifying the mileage on several seconds. >>> stand dard and poors revising the outlook for wells fargo going to negative from stable. citing the risks of reputational damage with the whole saga of the retail account sales misconduct. following the announcement wells fargo delayed a ten-year bond, which it will have going today. and massachusetts has suspended business with the lender. the state's treasurer said she is not convinced that wells has grasped the level of seriousness of its actions or addressed the systemic failures within the organization. >> homestate of elizabeth warren. wonder if there's a coincidence there. >> i don't know how you can grasp it much more. maybe a pound of flesh 679 i'm on the merchant of venice here. do they need an actual pound of flesh? stumpf is gone. >> i can't think of a way that wells fargo could have handled this worse than they did. ter

mitsubishi executives expect another rough ride in the second half. they hope to rebuild the company under the umbrella of nissan motor. sony said on friday that embezzlement at one of its group companies caused losses of about $8.5 million. the company sony lsi design does semiconductor designs. sony says the employees issued fictitious orders and padded order values for over four years. executives with the japanese electronics giant say the employees have been dismissed and they may push for criminal charges or other measures after an in-house probe. the company apologized to everyone concerned and pledged to do its utmost to prevent a recurrence. >>> japanese department store operator isetan mitsukoshi holdings has halved the group's net profit forecast for the business year through march. a decline of sales to foreign tourists was a major factor. the group's operating profit for the year was previously forecast at $351 million, but isetan executives have downgraded that to $228 million. the earlier outlook for net profit was $247 million. the latest forecast is for $123 million. the decline is attributed to

as nissan is taking a 34% stake in mitsubishi. spokeswoman called the report speculation, declining to comment further. four yearsed its forecast after it made an unexpected profit. it predicted its operating margin should be at 6% this year. at the same time, it said that third quarter earnings rose to 25 million euros. third has reported quarter profits that topped estimates. after a large scale hack was disclosed last month that could threaten the purchase of the company's web assets by verizon. the profit was 20 cents a share. shares were higher in extended trading. that is the bloomberg business flash. francine: thank you. chatting that i did not catch the end. we saved the best for last. that is how the u.s. president talked of renzi. our next guest is the ceo of atlantia. the benetton family are the controlling owners of the 15 roadion euro toll operator. thank you for joining us. you are here and london to come up with an investor plan -- you are unveiling it to investors. you want to boost profit outside italy. castelluci

mitsubishi motors. the chairman of nissan tells bloomberg television that he sees the alliance helping turn around a scandali. >> i hope i will do everything in order to establish in a normalcy kind of way, of operation for fiscal year 2017. if everything is done and we have a clear plan, you can expect that the company is going to reestablish the health very quickly under the leadership and the support. taylor: if he is successful he will have turned around a third major automaker. that is your bloomberg business flash. francine: rating agency -- brs isn rating agency to set to rate portugal today. kept it atil, d brs the lowest investment grade and outlined theoutlined consequences of downgrading for portugal. >> if there is a downgrade, marketable instruments that are guaranteed by the republic of portugal would become ineligible as collateral for monetary policy operations and purchases under the psp p/e. having said that, we should acknowledge the remarkable progress that has been achieved in portugal. there are vulnerabilities that the government knows very well. francine: as we were listening to mari

. >>> nissan will report carlos ghosn as chairman of mitsubishi motors.itsubishi admitted to falsifying mileage on several vehicles. shares up a half percent. >>> a federal judge in california says he is strongly inclined to approve volkswagen's $10 billion settlement over its diesel emissions scandal. the final resulting will be announced next week. vehicle will pay up to $10,000 to each of the 475,000 affected owners. the automaker handledired 900 p to handle the buybacks. >>> coming up, the final presidential debate between donald trump and hillary clinton is tonight. a report live from the strip is next. >>> first, here is the weather from jen carfagno. >> halfway through the week, the heat is still on. more than 200 million, 220 million people above average today. with temperatures. we'll feel it in the east. some records again. new york city going to 83. atlanta, 88. so far 177 records set and the trend continues. in the southeast and northeast warm. still warm in texas dallas 89. chicago, not quite as warm, but still above average with temperatures

mitsubishi motors added more than 5%. investors cheered carlos ghosn's vow to turn them around after the mileage cheating scandal. nissan meanwhile gains 0.6%. nintendo shares slumped 6% after the company introduced its latest game consnsole. the new device lacked revolutionary features that gamers and investors had hoped for. in all, tokyo share hs a strong week. we are now bracing for another busy week as we get into the throes of earning season with many reporting half-year results next week. i'm giang nguyen reporting from the toek you stock exchange. >>> the shanghai composite closed at 3,090. taiwan's taiex inching down at 0.11%. some apple parts suppliers fell on speculation that sales of iphone 7s are slowing. seoul's kospi slipped by 0.4%. indonesia, however, gaining by 0.1% one day after the central bank cut its key interest rate for the sixth time this year. trading in hong kong was suspended due to a typhoon. >>> last week a fire at a tokyo electric power company substation left more than half a million households in the capital without electricity. on fridaday tepco conducted a blackout simulation trill. th