alibaba -- up next. the u.s. has put alibaba back on its notorious markets list.his is bloomberg. ♪ >> this is daybreak asia. alibabathe u.s. has put back on its annual blacklist of companies that sell counterfeit goods. over the past four years, alibaba has stayed off the list but now it is a different story. another setback for alibaba. >> after four years of staying off the so-called notorious list they are back on. santa has his naughty and nice list but the u.s. government has this notorious list. it is unclear as to the reason why. alibaba is alleging that potentially it could be because of what is happening in u.s. politics. in a statement they said unfortunately the u.s. decision leads us to a question of whether it acts aced on the facts or is influenced by the current political climate. we know what that is, the election of donald trump. now with regards to china having ruffled a lot of feathers, the drone incident that has to be tariffs as well as currency manipulation. this is one more thing they are pointing to potentially. i also want to point to oct

alibaba is named on the u.s.plist, an leaders and for the company 4 years after it was taken off of the list. some analysts suggesting that the move was politically motivated, given heavy-handed rhetoric on china from the incoming u.s. president. the alibaba ceo wrote to employees "we will not dwell on whether it was fair or just. we need to focus on is how we improve and do even more. we also need to recognize protectionism is ever present around the world, and influences that are not free market orientated come into play." joining us to discuss those influences is our guest host for the inner, bob o'donnell, a new york technology supporter. hit us with it. they took some drastic steps to reduce counterfeit goods and tackle this very thing. >> alibaba has been surprised. they say they have done everything possible to address all of the concerns. yet they are on the list again this year. casey this as unfair. they think this is probably politically motivated. there have been a number of rising complaints. we saw

selina: i think it does impact alibaba. realistically, this isn't going to hurt their business in china. this does impact their ability to set themselves up as a big international brand. this might harm their goals of reaching half their revenue from outside their domestic country. to get all that revenue outside of china, they need to gain the trust of international brands. let's not forget that alibaba has plenty of competitors. j.d..comstors may see has a better growth value investment. caroline: bob, the winners here, jd.com, amazon, ebay? bob: amazon is a potentially interesting winner. what we're seeing is amazon trying to reach out into other places. fundamentally we will see a global battle for online e-commerce. we will see players from both sides of the ocean battling it out. i think there will be people that take positions in particular areas and can point to something being critically important. in the long run, there are interesting opportunities for amazon if they play their cards right. mind you, it is tough

alibaba is going off-line and whoing out these people were doing it.always had a complicated relationship with the industry, because on one hand they inflate transaction figures, but then after growing into a more high profile company , they have to crack down on these websites that are undermining its credibility. u.s. arepanies in the also struggling with fake reviews. how significant of an issue is it to china? china outsources it to thousands of people, bringing the game to a whole new level where they are marketing openly on their platform, teaching people how to brush for these merchants and creating virtual currency to smooth the transaction. in the u.s., you might have companies operating themselves, this is like a sharing economy for brochures. ramy: how does it work? >> if i am a merchant and i want fake transactions, i will place an assignment on the job board for these brushing websites, and as a brush or you come along, complete the task, and i will refund you your money. in the process, no orders are mailed at all, it is all virtually onl

emily: alibaba south china morning post is set up for new leadership.airman of alibaba, bought the 113-year-old english publication. the move raised eyebrows and critics had concern that alibaba would influence reporting. the paper is focusing on all things digital and preparing to integrate e-commerce. the incoming ceo joined us from new york. take a listen. >> the opportunity we have at the paper is unique. it is one of the venerated news organizations of the world with 113 years of incredible heritage and history as a top-quality journalistic outlet. china morning post occupies a critical and super unique position being the english-language language newspaper of record for hong kong. that means the paper gets to cover china with intimacy, but also objective it he, which i think will be more and more important in the world. is third thing is that it deeply personal to me as an asian american growing up in the western world, i understand there is a duality of views right now in the way china is being covered and i am excited about the opportunity to he

now that alibaba owns this paper, is that going to change?ition of independence and free journalism at the south china morning post going to go away? gary: it has not changed and will not change going forward. the owners and myself continue to be committed to editorial independence as well as editorial integrity. the south china morning post , with the 113 years of journalistic history, has over the course of that history cover china and hong kong and the region with objectivity. that won't change. emily: how will you deal with censorship issues? are you going to censor things that the chinese government does not want to hear? gary: not at all. being in hong kong is advantageous. because we are there, we have an intimacy to china and understand the nuance of reporting inside and outside of china. at the same time, because of the one country 2 systems, press freedoms in hong kong continue to be protected by law, so we have the ability to be fair and balanced. emily: have you spoken with jack ma, and what has he told you he wants from your lead

a lump of coalfor alibaba! the chinese e—commerce giant has been placed on the us list of notorious companies. we'll cross live to asia for the latest. here, the markets lower slightly, we talk you through the winners and the losers. and we'll be getting festive with fortnums. the boss of iconic food & drink retailer fortnum and mason will be here to give us the inside track on the busiest time of the year. and new research says using facebook and twitter at christmas will make you more miserable than merry. so we want to know — are you taking a break from social media this holiday period? if so, don't do it yet! let us know. just use the hashtag bbcbizlive. welcome to the programme. don't panic, it is december 20 seconds today, i said 23rd and i got worried because i have got so much to do! worried because i have got so much to do! we start on wall street, where it seems this chap has made an appearance — because the grinch has, temporarily at least, stolen christmas. they have been calling it a santa rally —

alibaba,chairman of bought the english publication last year.raise eyebrows and critics had concerns alibaba would influence reporting. since the acquisition, the newspaper is focusing on all things digital, including terry down the pay wall, and improving its -- tearing down the pay wall and improving its app. gary joins us now from new york. thank you for joining us. what attracted you to this position? i think the opportunity we have a paper is really quite unique. the first thing is that it is one of the federated news organizations of the world with 113 years of incredible heritage and history as a quality journalistic outlet. the second thing, the post occupies a critical and super unique position being the english line which newspaper of record for hong kong. that means the paper gets to cover china with and mincey but also objectivity, which i think is going to be increasingly -- cover china intimately that also with objectivity, what you think will be increasingly important. as an asian american, i think there is a duality of abuse in h

well, coming up, alibaba is again on the u.s.lacklist for counterfeit products, but says it is doing the best it can. ♪ put alibaba.s. has on its blacklist of companies that sell counterfeit goods. stayba had done enough to off that list the last couple of years. rishaad: we are having a look at how this is playing out at the moment. it has to take a toll on the company. >> share prices dropping this morning. alibaba, a real and bare cement for them. they are being labeled again as a haven for knockoffs. that, you have the u.s. investigations looking into their accounting practices, dealing a blow to their expansion plans and the u.s., and regulatory wise not a good year for alibaba. haidi: there is a political element to this story. that this is hinting is political. we are seeing trump become much more vocal towards china in terms of criticizing its trade and currency policies. have more policies towards chinese companies when it comes to trade. rishaad: tell me something, what has been the response? >> they are not very happy

i don't think it has huge impacts on alibaba.es, there are brand implications trying to enter the u.s. and expand it to southeast asia. . a announcement the stock dropped less than a percent, down a little more than this morning. i don't think so this is a big deal. what's interesting here is the correlation between this and fake news. you have large peer to peer marketplaces with the goods. it's becoming much more real and this is an issue. ? fake is becoming much more real. little scary. uber, meanwhile, halting its self-driving test in san francisco after about a week and a half, this after the state dmv revoked registration for the 16 cars involved in the program. uber says it will look for other means to deploy the technology in the state. in the past, uber has thumbed its nose at the authorities, initially did that in this case, saying how can you tell us to take these cars off the road when self-driving teslas are okay? it looks like the state of california came back strong with this one and uber is backing down. what do y

and think about all of the businesses that alibaba hasn't monetized. including ali pay and things people don't know anything about in this country. i think these are opportunities. those were opportunities in those stocks. they traded down 30% and went back up at least that much when the dust cleared. >> may i ask a quick question? i know we're tight on time, but -- >> just raise your hand next time. go ahead. >> but alibaba is having a lot of problem. counterfeit goods? i would wonder if that vest he is wearing is counterfeit -- >> i don't think anybody wants a copy. >> trying to get faux hide. >> that's nice material. ♪ holly jolly christmas >> i mean, come on. >> overall for the u.s. markets, though. if there is a trade war. >> you have to watch names that are heavy importers. so walmart. that's one of them. and even if there isn't a trade war, walmart products could be going up. >> or apple -- >> wages are going up in china. so we had low -- production in china. low cost of production. wages are going up. if things are going well, the cost for bala

that it disagree with alibaba's speculation thatitis disagree with alibaba's speculation that it isutside source, let me remind you of some very significant news. this is the hp quoting the syrian army says it has reta ken the hp quoting the syrian army says it has retaken aleppo entirely, as the last group of rebel fighters we re the last group of rebel fighters were evacuated. militarily, the battle for aleppo ended a couple of weeks back but nonetheless, this is a city which has been fought over for nearly four years. for the first time in that period the syrian government is backing control. speak to you in a minute. —— back in control. good evening. time to talk to about the weather in the world. yesterday, i spoke to about at tropical cyclone. it is slow moving. we have had some very wet weather in australia in the northern territories. these systems will combine as we go into the christmas period so you can imagine, with that slow—moving nature, we will seek flash flooding and coastal storm surges. in contrast, it is getting drier across new zealand. for melbourne, we could h

gary lewis moving on to alibaba's south china morning post. we would hear from him next.loomberg. ♪ molly: a story we are watching out of cuba. google has signed a deal to expand internet access in the country which is known for its extremely slow connection. the deal would give speedier access to sites on the google platform like gmail, youtube. google opened technology in havana as part of a white house initiative to expand internet access to the country. edition of out of this world, another delay for spacex. this time the company has officially postponed the first vehicle.ight of its it has been pushed to 2018. this is a capsule to take nasa theonauts to and from international space station. part of the agency's plan to fly astronauts on american made matt -- rockets once again. speculation that the fight would be delayed after the company's falcon nine rocket exploded on the launchpad. tocex adjusted its timeline finalize their investigation into the accident. gary liu will move back to hong kong for the job. the move raised eyebrows and critics had concerns alibaba

up against an alibaba backed company.e time who were fighting each other and then they merged and uber could not compete. what they did is they blocked from wers from access chat. airbnb doing differently? onsy can learn less from uber but they are partnering with the right people. they are partnering with alibaba. also, they have embedded airbnb into wechat. today,portantly, as of they are storing their local servers, their data for china to comply in china with the potential . not a potential law, a national law coming out this summer where foreign tech companies have to allow their data to be viewed by the chinese government. ramy: what is the competitive landscape in china? who are they up against? going up against the big guys. they have to grow organically but also through m&a. they are in the process of buying a mid tier rival with about 100,000 listings, adding to the sunday 5000 listings airbnb china has now. forbiggest rival has 450,000. also the expedia affiliate. ar star they are starting slower and have more

chinese e—commerce giant alibaba is back on the us‘s "notorious markets" list over counterfeit goodss say the firm's online platform taobao is used to sell high levels of fake goods. the company has rejected the allegations, insisting it polices its market place better than in the past. while we are talking markets, here is how things are going in asia. interesting trade as we head towards the end of the year. japan is down by o.5%. the end of the year. japan is down by 0.5%. in the united states, and reminder of how the dow ended. whether we are going to hit that 20,000 today, we will see later. that is all from me for now. see you later. the government has announced it is going to reinvest more than {a40 million to improve high—speed broadband coverage across the uk. it is expected the thumbs, recouped from the superfast broadband programme, could bring better connectivity to an extra 60,000 will rule homes. —— 600,000. experts say it is not all new money, but it is still welcomed. correct in rural homes across the uk to fast broadband has meant an investment of £1.7 billion of pub

has put a unit of china's online market alibaba back on the notorious blacklist.he platform one of the key platforms alibaba has one of its shopping websites not doing enough to police the sale of counterfeit goods and violations of intellectual property rights. alibaba president michael evans saying the company very disappointed adding the ustr's decision leads us to question whether the ustr acted based on the actual facts or influenced by the current political climate. interesting statement there. of course the obama administration's ustr is still in charge. >> right. >> they seem to be getting ahead of it at alibaba claiming of course that they've done an enormous amount to police counterfeiting on the platform. tmal is the big brands, tabau is smaller retailers, almost you sort of do it from your home to somebody else and you run your business that way. >> can you walk me through? does this mean you might be buying something say a branded company product and it turns out to be branded but a knockoff? >> yes. >> so i buy a coach bag, like off canal street, the

we just upgraded alibaba as we were discussing. we also have a buy opinion on yahoo, which i think is pretty controversial given some recent goings on. >> tell us why do you have that rating on yahoo? >> right. i think a lot of people are really concerned about the recent revelations related to the major data breaches both in september and earlier this month. the company came out and said literally hundreds of millions of user accounts were breached. the reality, however, is they have a standing agreement for their core business to be acquired by verizon for $4.83 billion, and we don't see those developments as likely to trigger the material adverse change clause, which is necessary for verizon to be able to get out of that transaction and, frankly, we don't think they want to exit that deal. >> they might not want to exit or get out of it, but they may want a better price. now, you can only believe that they would love a better price. >> sure. they would absolutely love a better price. whether they're able to get that in a mutuall

e-commerce giant alibaba is back on the united states'notorious market blacklists. was taken off four years ago, but the online platform is used for selling high levels of fake products. there are no legal consequences, but it is a bitter blow to the firm's reputation. that is not the only thing bound to cause political tension. donald trump choosing peter navarro, an outspoken critic of china, to head up his white house team on industrial policy. he has urged a hard line on beijing. his books are deeply critical of china. reporter: it is yet another move that could anger china. u.s. president-elect donald trump has chosen economist peter navarro to get the newly formed white house national trade council. navarro has authored several books on trade policy. he sees the asian powerhouse as a threat to the u.s. economy. trump calls navarro a visionary. meanwhile, beijing is staying calm, addressing recent worries at a press conference. >> china and the united states are two large countries and have brought coming interests. we hope the u.s. works together with china to

they're competing with alibaba for a $10 billion market.uisitions, anything from studios to creative production houses, they can expedite those plans. tencent said they are very open to all kind of possibilities, provided those companies complement their own resources and the pricing is right. emily: in light of recent election, potentially increasing tension with the chinese government? lulu: the u.s. and china's relations or at a very tense time right now. we are seeing a lot of rhetoric and criticism saying the u.s. needs to be more critical of these chinese takeovers, especially with trump criticizing chinese trading currency policies. tencent is part of a group of companies that are looking to invest or have already invested in u.s. studios. for example, alibaba investing in steven spielberg's company. we're going to see more pushback because movies are very powerful and influence public opinion. going forward, these companies could face some headwind. emily: what kind of genre will tencent focus on? how will their strategy differ from

>> alibaba suing this website for more than 2 million yuan.nificant about this lawsuit is that they are trying to track down these people in this cottage industry whereas in the past, they were just deleting these fake transactions from its website. alibaba always had a very complicated history with these websites. they inflate transaction figures, but on the other hand, alibaba has become such a under moree company scrutiny from the fcc, the companies undermined its credibility. rishaad: this is not just confined to this company of course. we have amazon.com struggling with fake reviews. i know of him as one, not sure whether it is fake or not, but it is really a. how significant an issue is this in china? outsourcehina, they it to thousands of people online, marketing their tricks and showing people how to do it by an all my tutorial. they even have an entry barrier level exam to make sure the pressures are doing their -- bru shers are doing their job. it is really a well-thought-out systematic industry that is supplying these fake reviews a

government put alibaba on its blacklist of marketplaces for counterfeit goods. the company rejects the allegations. alibaba is china's largest e-commerce company. shares fell. >>> from zika to ebola. predicting the next epidemic can be like finding a needle in a haystack. the medical community is making advances at a faster pace than ever before. meg terrell has tonight's modern medicine report. >> reporter: new outbreaks of major infectious diseases have dominated headlines in recent years, for good reason. >> if you look from 2013, which is only three years from '13 to '16, we've had chicken gunya in the caribbean, ebola in west africa, and now we have zika in the americas. we've seen emerging infectious diseases forever. we have them now, we always will have them. but to have a cluster like that is a big unusual. >> reporter: in the last decade in half, the world has copied with sars, h1n1 flu, ebola, now zika. public health researchers say it's a certainty there will be another. >> as much as we were unprepared that ebola was going to explode as it did, that

. >> his company, alibaba, began with a classic business plan, cut out the middle man.h with buyers. >> i actually went to china to visit with jack ma at his headquarters. a fascinating place. >> martha was on a fact finding mission to see how alibaba could fit in with her business. >> martha has been an innovator and disrupter, and that's why martha today spends so much time with jack ma. >> really, servicing china's market 1.4 billion. indonesia with almost 3 billion. he has done this in a very short period of time and he's now of course spanning worldwide. >> alibaba had the biggest ipo in history. at its launch, it was worth $25 billion. just two years later, it was in profit. >> he made money almost immediately because he doesn't have any of the infrastructure, that an amazon has, no warehouses, no distribution centers. >> what she saw was not a faceless corporation, but a company led by a maverick, who's more rock star than ceo. that's him under the wig. every year, jack ma holds a special sales day, it's like black friday on a scale you wouldn't believe. >> last

chinese e—commerce giant alibaba is back on the us‘s "notorious markets" list over counterfeit goodsorm taobao is used to sell "high levels" of fake goods. the company has rejected the allegations, insisting it polices its market place better than in the past. quick look at markets before we go — ftse100 saw some modest losses in the morning, mining stocks were the offenders. and on currencies, the pound was little changed against the dollar and slightly lower against the euro. that is it for this hour, i will be back later in the afternoon. violent crime committed by people aged over 65 in england and wales has increased by almost 80% since 2012. the figures, obtained by a freedom of information request by the bbc, relate to offences ranging from minor assault to murder. the rise in the number of crimes recorded is, in part, being put down to police changing how they log crimes. graham satchell has more. i'm not asking what he was in for, but you say a long sentence. he was a lifer. he killed his wife. he was a lifer? he killed his wife? a cafe in bournemouth. stuart, in his 70s, is

s --bishi, alibaba, and t development will be spent on three key areas.to improve distribution and indicate clients more. they are already offering wearable technology to clients. the same concept is being applied to car insurance. it is a convergence of insurance companies and tech copies joining hands, such as alibaba. using data and innovation power to come up with new projects and innovation. yvonne: coming, u.s. power willator synergy says coal regain market share under president trump. this is bloomberg. ♪ betty: this is "daybreak asia." yvonne: a quick check of the headlines. the owner of the kfc, pizza hut, and taco bell chains continues to sell franchises. has yum brands seeking to offload franchises in turkey. they plan to increase franchise ownership to 98% globally. a chinese lodges sticks firm tos they must cut costs exceed rival fedex. the company says they may buy cargo planes to expand overseas. they raised $1.4 billion in its ipo this year, the first chinese package delivery to list in the u.s.. service -- sayeo toy are in the business ra

alibaba has again been labeled a haven for knockoffs.t's made an embarrassing return just four years after getting its name removed. the u.s. office of the trade representative said the online retailer had unacceptably high level of reported counterfeiting and piracy. alibaba suggested the decision could of been influenced by politics after president-elect donald trump criticized u.s.-china trade agreements. buckley, a managing director at merrill lynch, has died. he was 62. he joined merrill just six months before bank of america acquired it during a financial crisis. institutional investor named him to its all-american research , including eight times as number one. that is your bloomberg is this flash. over toet's cross another story in the usp. u.s. president-elect donald trump has made another appointment to his economic team as he feels up the different candidates for the cabinet. he's named carl icahn as a special advisor to help them overall with federal regulations in an attempt to promote business growth. meanwhile bank of amer

alibaba has in labeled a haven for knockoffs.our years after getting its name removed from the list. the u.s. office of the [indiscernible] had a high level of counterfeiting and piracy. it suggested the decision could -- inee influence by influenced by politics. guy: thank you. lure sufficient demand for the capital raising plan. they said in a statement yesterday that so far, no anchor investor has shown interest in the recapitalization plan. still with us, our guest from socgen. italy, the banking sector, and its politics all very closely intertwined at this point. investor, is a state bailout of monte dei movei anything that should the dial? does it speak to something more significant that is going on in that part of the eurozone? guest: this is a crucial point. if you look at the italian banking system, we're looking at 310 billion of nonperforming loans. it has been documented over the past few months and years and the issue with italy was not a massive bubble, it was low growth for too long and a lot of these good loans en

alibaba back on the

in other news:, alibaba is back on the us government blacklist for selling pirated goods.rious least in 2012 but several groups have been lobbying for its reinstatement. the online marketplace sells high levels of counterfeit goods and is slow to respond to complaints. japan's cabinet has approved the record new $130 billion spending budget for the spending 2017 year. however, the government is looking to take advantage of the low interest rate environment and weaker yen to push through more social security spending, given it also has one of the world ‘s fastest ageing population. new zealand's economy is doing better than expected expanding 1.196 doing better than expected expanding 1.1% cause of increased construction and, as consumers spent more on travel, dining and recreation full the figures give a boost to the kiwi, new zealand's new prime minister afterjohn key unexpectedly stepped down. residents in beijing may be able to see clearer skies today after weather forecasters say winds overnight will push away the smog that has envelopes much of northern china. they ha

tencent and alibaba are also investors in didi. >> this is a huge deal. didi looking to raise $2 billion, but apple coming in and making the single largest deal investment ever comes as a huge surprise for us. telling bloomberg that uber's china rival may be considering a new york ipo as soon as next year. lulu chen broke the story. >> it comes on the heels of them raising more than $1 billion from apple, bringing the total amount of this fundraising to $3 billion and a violation of 26 million. huber said they want to hold off the ipo as long as possible. it means didi will race ahead of them to the u.s. for an ipo, so there are reporting targeting the same pool of investors at the same time. di has agreed to buy uber's chinese subsidiary. it is a big and complicated deal. tell us how this will work. >> our understanding is didi will acquire huber china and form a new entity valued at $35 billion. let's turn to nintendo's newest game, pokÉmon go, because it is sweeping the nation and s stock has skyrocketed. >> you will see a multitude of people playing t

it is the biggest tech offering in the area since alibaba. the chairman told bloomberg that the company has aspirations and social media. more exposures and let more people know about our brand. tools, andake better later to turn it into a social media apps. fell in trade after announcing another security breach. it says on unidentified third parties stole data from one billion users. inquiry suggested happen in august 2013 and is separate from the breach yahoo! reported last september. the stole the data may have included names, email addresses, telephone numbers, passwords, security questions and answers. the chicago stock exchange could be the first u.s. exchange to be owned by chinese investors. approved by the committee on foreign investment. the sale still needs approval. afterl motors fell reports that its chinese joint venture is under investigation for possible antitrust violations. sources say the network is being checked over pricing the news comes amid strained tensions between beijing and washington. the global time said retaliat

alibaba says it is doing what it can.ng the outlook for 2017, blaming consumption and wheat exports. government expansion of 2.6% down from 3%, says it will be paying loose fiscal policy. they will be forced to pay more. with is a struggling unemployment and debts. more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. now, whichrn to oil is retreating from an 18 month high. let's bring in our energy reporter. what is going on? >> u.s. stockpiles. is officialhere government data. we could see it under pressure. u.s. stockpiles are one of the problems, at least of the last couple years. they are at an elevated level, the highest in three decades. it presents a problem to the market. that is part of the reason why opec has the need to cut supply and try to reduce the surplus, somewhat. guess wepec come i know they will go in there and take out 1.8 million barrels per day in terms of production. u.s. field will be in focus. be the oneerhaps surprising factor in this equation that could catch t

tencent and alibaba are also investors in didi. than 400 cities in china, compared to over -- uber which is only in about >> this is a huge deal. 50. we reported that didi was looking to raise $2 billion, but apple coming in and making the single largest deal investment ever comes as a huge surprise for us. this came out of left field. >> sources are telling bloomberg that uber's china rival may be considering a new york ipo as soon as next year. we have got our tech reporter lulu chen who broke the story. this is a blockbuster. >> it comes on the heels of them raising more than $1 billion from apple, bringing the total amount of this fundraising to $3 billion. a valuation of about $26 billion. >> what this this mean for uber? >> uber said they want to hold off the ipo as long as possible. it means didi will race ahead of them to the u.s. for an ipo, so they are reportedly targeting the same pool of investors at the same time. >> chinese rights your company >> didi has agreed to buy uber's -- didi has agreed to buy uber's chinese s

they got their act together and sold the business because the shareholders want to andaccess to the alibabaahoo! japan equity, and this is just in the way. emily: i did speak with the current c.e.o. of yahoo!, the data deal was announced. there was so much optimism back then. take a listen to what she had to say about the synergies between the two companies. >> for us verizon has tremendous mobile distribution. we are very excited about. but overall i think it represents just a huge amount of scale and opportunity for verizon. emily: eric, what is your sense of whether there was any negligence on yahoo!'s part here? or were they simply too vulnerable? eric: as ed mentioned, it's kind of bizarre. this happened in 2013. this is 2016-2017. what happened in between we don't know. hard to tell whether there was negligence. but it's -- it's time for yahoo! to get its act together. they need to put a team together that is going to execute this transaction. execute it in the cleanest possible way. it doesn't really matter at the end of the day if there is a discount because the shareholders want ac

. >> now, major local chinese players like jd.com as well as alibaba are increase lig seen as a way forcan companies to navigate china's competitive e% market. earlier this year, walmart nearly doubled its stake in jd.com. and for other u.s. businesses and brands, investment or listing on these sites could prove to be an even more important avenue to the chinese consumer under the trump administration. liu and alibaba's founder jack ma expressed optimism shortly after the election saying he doesn't think trump will follow through on campaign threats to china. back to you. >> deirdra bow san jose sharbos. we take a break, take a look at s&p, another record high today. same story for the dow. now up 26. >>> good morning. i'm sue herera. here's your cnbc news update. the european union is starting legal action against britain, germany, luxembourg and also spain for not imposing penalties against volkswagen for using illegal software to hide vehicle emissions. britain says it will strongly respond to those allegations. humanitarian organizations descending on an indonesian province to asses

alibaba's finance arm is moving closer to an ipo. we will look at when and where.omberg. ♪ david g.: this is "bloomberg markets." i'm david gura. it's time now for the "bloomberg business flash." opec will not insist that all players act to cut production. naturalel will accept output declines from some nations. opec has pledged to cut 1.2 million barrels per day to eliminate a persistent glut, but the deal hinges on cooperation from outside producers. berkshire hathaway cutting its holding in walmart. the move is an apparent nod to holloway -- holiday prowess. berkshire had reduced its position to 13 million shares, the third straight quarter berkshire has lowered its stake. buffett has long highlighted the vulnerability to retailers. hollywood is pushing for faster access to movies. confirmedudios have they are looking to offer high priced home video rentals of new movies shortly after they open in theaters. that is the "bloomberg business flash." a team of executives from ant financial has been visiting silicon valley to decide on potential investments as the co

. >>> a hookah lounge became the scene of a shooting, men were fighting at the alibaba hookah bar at 1:00 this morning it happened. and one man was stabbed and was rushed to the hospital and the other two men suffered cuts to the face and bruises as well. they were not seriously hurt and were questioned about the officers. >>> and 2017 is around the corner and if you hit the roads to celebrate the new year, they warn you to be careful. the new years holiday is one of the deadliest days for alcohol related crash, the highway administration says that 139 people were killed in drunk driving crashes in the last holiday. in pennsylvania state police responded to 400 crashes on new years and 10% were alcohol related and more than 300 people were arrested for dui over the holiday. >>> still to come new details about the man accused of killing a washington, d.c. actress and yoga teacher and shocking new details about the russian olympic doping scandal. what officials are now saying. >>> the man charged in the death of an actress and yoga teacher was suppose to be under gps monitoring there i

authorities have put the chinese e-commerce giant alibaba back on a blacklist of markets known for sellingounterfeit goods. it was taken off the list for years ago -- four years ago. the decision doesn't carry a penalty but says it is appointed by the move. air france says a pilot strike won't affect flight schedules. around 20 pilots plan to walk off the job tomorrow because of a dispute over pay. genie: it is the holiday season. a time when families gather under one roof. you have figures that show in the united states that many young people don't have that far to go. >> that's because 40% of young americans are living with their parents. the highest level in 75 years. this is bucking the usual trend. the trend of rising rent in cities as well as tougher mortgage rules means the rate of homeownership in the u.s. may fall to historic lows. genie: you live with your mom and dad. >> of course. genie: thank you for that look at the business news. time for the press review. ♪ we are a look at the papers today. much of the focus on the manhunt for anis amri. right.'s the german papers in parti

alibaba back on the u.s. blacklist, but it says it is taking the fight to counterfeiters.ompanyually has hit back at those but it's been four years since it has taken off. haidi: this time has a political element. rishaad: let's find out what is moving these equity markets. of course, the dow failing to hit that 20,000 point level. year is a mixture story, end positioning like japan, where we have seen record highs. then,

inside the alibaba cafe. >>> could a missing mother from delaware county be buried inside the house wherehe lived. >> police thought they were close to solving this cold case. melissa rodriguez lived here in 2013 when she went missing. the police dogs pick ud up the scent of a body in the basement of the home. but after doing some digging they came up empty handed. the police chief told us he's disappointed that last night's search didn't lead to new clues >> she was there at some point. whether she was moved, i can't explain why four different search and rescue dogs aggressively alerted to the same exact spot in the basement. >> melissa and her husband were reportedly in the process of separating when she went missing. they have two young children who now live with the husband in new jersey. >>> more police will be patrolling just outside the philadelphia mills mall today. the mall is increasing security after a large crowd of teenagers tried to start a fight inside the building. take a look at the video, showing police arresting one of three teenagers. the boys face charges this morning