♪ haslinda: hello. i'm haslinda amin. first spoke to joko widodo four years ago when he was the governor of jakarta. and then again and again the following year. now he is taking me to --, where they plan to boost the economy, making it one of the strongest in the world. this is "indonesia: jokowi's vision." ♪ haslinda: indonesia's president joko widodo has vowed to remake every inch. this is one of 10 areas pinpointed for terrorism, and that means infrastructure like airports and roads, including some of the 1000 kilometers of national tollroad promised. adding to the challenge, the fact that indonesia sprawls across some 17,000 islands and is home to several live volcanoes, including one where people were recently re-house d after an eruption. jokowi has implemented a raft of business reforms. over the next 30 minutes, we check in on the progress of his vision. three years into your presidency, do you think you have delivered on your promise to bring growth and prosperity to this nation of 250 million people? president

." ♪ ♪ haslinda: hello. i'm haslinda amin in singapore. crude call center looking to harness the earning power of indonesia's 75 million motorcycles. then came an app. now go-jek's business covering ridesharing, logistics, food, and financial technology. go-jek's ceo and founder nadiem makarim is today's highflyer. ♪ haslinda: still in his early 30's and at the control of a billion dollar business, it has been quite the ride for nadiem makarim. go-jek has grown to become indonesia's leading mobile on demand platform. the ridesharing app now controls 95% of the online food delivery market. go-jek employs 300,000 riders, dominates the same day logistics market, and it's indonesia's largest digital wallet, all achieved in just two short years. ♪ haslinda: nadiem makarim, welcome to "high flyers." good to have you with us today. nadiem: thank you for having me. haslinda: now, go-jek is a play on an indonesian word ojek, which is a motorbike rider. how did that come about? it has to do with harvard? nadiem: yes, i think when i was in business s

haslinda: there you have it, a perspective on the market. rishaad: let's have a look at some of the business flash headlines. twitter, a system of verifying user identity. criticism for verifying the account of the person credited with a white supremacist rally. some sought as a stamp of approval for trolls, racists, and extremists. s it stillhiba say sees opportunities after the sale of its flash memory unit. it is increasing investment by 50%. underscoring how much of the value is wrapped up in something that is supposed to be sold. deal stilllion needs antitrust approval. boosting its stake in alibaba by 50%. a regulatory filing says the hedge fund at its shares. that makes them the second-largest u.s. equity holding. coming up, does though week of trading have a happy ending? this is bloomberg. ♪ haidi: -- rishaad: counting down to the end of the session in hong kong. eight minutes away. by 0.2ng, falling back 5%. the futures contract suggesting more declines. watching, a strong start to the session for this company. starting its first d

--vietnam where haslinda let's head to the number haslinda is at the summit. have the ceo with you. haslinda: what a big big moment for china. add -- forit will foreign banks operating in china. our guest joining me right now. it is -- is it too early to pop champagne? >> it is consistent with what we have been talking about for some time. but we are seeing today is some announcements by the vice minister where he said the cap -- of 40% willt eventually have no limit. of doubles and the details, but if you look at medium long-term, it is consistent with what we have been seeing for some time. eventually, international banks will be able to operate in china freely. the trajectory looks very good. we have to see the details, but i am confident it is going to happen sooner. haslinda: what you make of the timing? you were surprised. nicolas: i actually think this is a demonstration that this kind of dialogue and conversation -- and i don't know if it was related to the meetings they had, but clearly the u.s. administration has been interested for a long time to ,a

i am haslinda amen. this is -- haslinda amin. this is bloomberg. rishaad: staying bullish. guest joins us next. haidi: still in china, the scramble to adopt the clean energy vision. why the ecb sees a driving consolidation in the country. that is coming up, later. this is bloomberg. ♪ haidi: quick check of the latest business flash headlines. a company has applied for approval to open stores in india to further raise the global presence. it is expected to grow 29% by 2021. , they predicted international sales would exceed those of japan. it talked those back at home two years ago. we can certainly look at what is going on with the share prices. this is the hong kong-based company trading in singapore, and changed after creditors agree it prefers debt restructuring. they held talks in london earlier this week about a revolving credit facility that matters next year, and about three bonds, which are due in 2018, 2020, and 2022. noble having to exchange debt for new securities without taking a haircut on face value. haidi: southeast asia's most valuable company. it now has a m

emily: that was transferwise's chairman with haslinda amin., tencent posts a blowout quarter. what's driving sales? and you can catch a wide-ranging interview with blackrock's leader tonight at 9:30 new york time. this is bloomberg. ♪ emily: square is embracing bitcoin. the company is testing support for the cryptocurrency on its square cash app, which lets customers store money and send peer-to-peer payments without having to connect to a bank account. square has been allowing merchants to accept bitcoin since 2014. in china tencent posted its , strongest growth in seven years a 61% , rise in quarterly revenue. it's riding the success of video games and an expanding ad presence. to break it down, we are joined by peter elstrom in new york. what is driving the growth? peter: tencent had surprisingly fast revenue growth, the strongest since 2010. on profits, they blew past the estimates by about 14% on a gap basis, which is substantially greater. this is a company that it seems like analysts are having a hard time understanding exactly what's g

haslinda: we have to leave it there.ech festival in singapore. rishaad: nice one. ceo was the transferwise and chairman. coming up, alan joyce has been a leading proponent of marriage equality. we will ask his immediate reaction. that is next. this is bloomberg. ♪ ♪ australia's prime minister says he wants same-sex marriage legalized by christmas after a nationwide vote in favor of changing the law. was a supporter of the yes campaign and advocate for lgbt rights. he is the qantas group ceo and managing director. great results. what does that mean for you and other australians? >> an amazing day. votes, and theic vote of 62% in favor. if this was a general election, it would be the biggest landslide in australia electoral history. it sends a great message to the general community and the rest of the world what a great accepting place australia is. birth and was proud of arlington when they had the first vote in favor of marriage equality. mym now amazingly proud of adopted country australia. this is an amazing place, gre

news get the first word with haslinda amin.sed aident trump thanksgiving address to the military to take credit for progress in fighting abroad and to warn america's allies could become the enemy. during the campaign he said u.s. engagement was a waste of time. but now he claims his policies have turned things around. he told soldiers they would come home to a good economy, good jobs, and a big, fat, beautiful tax-cut. germany a step closer to a coalition government, with the biggest party to begin talks. martin schulz and the spd wary about reinstating the grand coalition, when the voters punished them at the inconclusive the coalition. margolis struggling to form a government in talks with -- when talks with the free government and the green failed over the weekend. considering dropping the referendum for independence, if they talk with spain. said it couldont be removed from the manifesto if madrid holds talks as equals. catalonia holds new elections in december. samsung rejected claims workers had been abused at two factori

haslinda: this would significantly increase the oversight on foreign investment in the u.s., also -- which reviews foreign takeovers for national security concerns. this committee generally concerns acquisitions, but under this new bill, even small investments could trigger review, especially in the most innovative and growing areas like artificial intelligence, robotics, and drones. this legislation comes from growing concern among lawmakers and the department of defense

haslinda: what can we expect at usaa?vily focused on learning about how you apply machine algorithms and how that translates to artificial intelligence areas that is a how weof robotic and focus on that. we really want to focus on servicing our members. we have been servicing i remember well. that will not change. toy will constantly have evolve on how we engage with our members because we are no longer setting their expectations. other great experiences are changing the way they want to experience banking and insurance. look at the opportunities and customer service and a secondary arabia -- secondary area. that also contributes to great member experience. haslinda: what do you see as a major point in getting to the goal? >> there are times when business as usual is really a gravitational pull. not the focus and fight for the business of today the same time you are helping to transform the business for tomorrow. how you move both of those bodies work in parallel is a struggle. a struggle at times. we work together to mak

haslinda: -- roberto: it is not surprising.r just before the vote i was several times interviewed by the president. the decision of the u.k., of course, and it's a soverign decision, but don't be misled by the decision. trade deals are going to be complicated. they are complicated, in general. it depends on a case by case bas is. i've never seen a trade negotiation of this scope that could happen in a blink of an eye. this is going to take time. it's not surprising that this is where we are at this point. haslinda: before we let you go, the transpacific partnership, will we see a deal? 11 iso: i think the tpp the second-best. tpp 12 is the best. they help to create a good environment for liberalization, for more trade and cooperation among nations. the multilateral system, the wto, benefits from that, sometimes directly and sometimes indirectly. so, those negotiations could reinforce each other. liberalization is contagious. if you see that happening with a group of countries, there's a tendency that other countries will follow

. ♪ ♪ haslinda: hello. i am haslinda amin in singapore.orld, he is a cult figure, a young man racing towards his first billion. tan min-liang is cofounder, ceo, and creative director at razer, a company at the forefront of a $100 billion industry. tan min-liang is today's high flyer.

haslinda amin. this would be a christmas present for america, paul ryan pledged fast action. political will. move is cutting the corporate tax rate to 20%, and allowing companies offshore cash. the bank of england raised rates for the first time in a decade. -- by saying ais number increase is not imminent. there was a vote to lift the rate from a quarter of 1% to 1/2 %.that said they will do what is necessary, "the one thing we know is that the situation will change." apple jumped holiday sales forecast, and exceeded most estimates. it's a sign that the company expects robust demand for the new iphone x, it's put -- most important new product in years. apple says the divide will push overall sales to a record of $87 billion in the final quarter. less inious high was 2016. alibaba powers ahead after adding $250 billion in market value. it's raising its four year outlook, 61% in the three months through september, the fastest pace since lifting in 2014. alibaba is to vesting -- investing in the cloud. they have almost monday percent in the last year. a latest to heed president

haslinda: the imf recently upgraded its forecast for china. imf more critical of china when it is taking a path that could lead to financial crisis? china the raised with issue of the very fast development of credit. china, thetners and pboc leadership in particular, that the treasury department and china, are listening. they care about making decisions and taking action in order to avoid growtht and fueled predominantly by expensive credit to the economy. hopefully they will continue doing that. in order to avoid financial crisis. was imf managing director christine lagarde speaking with bloomberg. is -- stefan is still with us. the timing is interesting. it allows president trump to go home with something of a win in ofation to this sort operation. but this is been happening for months. is it materially interesting? chinesed want to buy a lender at this point? >> i think these discussions have been going on for years. impacterry about the that this will be. if you look the communication that came out after the president's trip to china, this

it began -- ♪ haslinda: hello. i'm haslinda amin in singapore.ng to harness the earning power of indonesia's 75 million motorcycles. then came an app. now go-jek's business covering ridesharing, logisti,

. ♪ ♪ haslinda: hello. i'm haslinda amin. was the governor of jakarta. and then again and again the following year.

." ♪ ♪ haslinda: hello. i'm haslinda amin in singapore. crude call center looking to harness the earning power of indonesia's 75 million motorcycles. then came an app. now go-jek's business covering ridesharing, logistics, food, and fintech. go-jek's ceo and founder nadiem makarim is today's highflyer. ♪

haslinda amin right now. encouraging performance. >> strong quarter and the strongest in more than three years. 6.3%. an estimate of you're on year, beating 5% estimates. outperforming,d services up 3%. you get a sense that the recovery is broad-based and enough for the government to raise its growth forecast for the year two as much as 3.5%. sayinga hint of that growth for the year might be at the top end of forecast. david alluded to this. the singapore economy relies on the health of the global economy. it's highly export dependent, rising a lift from global trade. we saw evidence of that this morning. is set to pick up next year. so interesting to note that the whole region is posting strong growth on the back of this. from malaysia and thailand, all reporting the strongest growth in years. against the backdrop of tightening by the fed. most of it has boosted infrastructure spending, counting on the young and growing population to continue to build on that growth. david: the question surrounds inflation a

. ♪ ♪ haslinda: hello. i'm haslinda amin in singapore.all center looking to harness the earning power of indonesia's motorcycles. then came an apt. p. now go-jek's business covering ridesharing, logistics, food, and financch

i am haslinda amin, this is bloomberg.: thank you for that, tensions are once again on the rise in asia and governments are holding an meeting after north successful at missile. south korea has responded with a provisional missile exercise and japan has been protesting in the strongest terms. president trump saying of course simply that the u.s. will handle it. >>, so was launched a little while ago from north korea. we will take care of it. in the general mattis room with us, we've had a long discussion on it. it is a situation that we will handle. haidi: alright, our reporter at large. months of relative calm and a softer tunes from washington, what is the significance of this coming now? guest: i think the real significance of this particular missile is the fact that can said that it would more than 4000 kilometers into the sky. which means it can easily reach the east coast of the united states, we are talking about new york and washington. the discussion about whether this muscle might have the capability of reaching

haslinda: uber being sued for itligence after revealing paid hackers to keep her breach secret. it compromise the names and email addresses and phone numbers of 50 million customers and licenses of 7 million riders. andchief security officer one of his deputies this week were fired for their roles in concealing the hack. symbol oblique enters the unknown after losing the only leader the country has ever known as robert mugabe resigned as president. he was the world's oldest head of state and had ruled zimbabwe since independence from britain 37 years ago. undert after eating place house arrest and fired by his own party. says whilen inflation should move up in the next year or so, it is not certain the current low environment is transitory. new yorkan audience at university that the fed is reasonably close to goals, but tightening too fast could strand inflation below 2%. she had some advice for her successor. importantthe most things i learned as chair and thought it important to pass on his to keep an open mind. not to simply assume history is repeating itself. haslinda: repor

i am haslinda amin. this is bloomberg. ♪ haidi: thanks so much for that.k at the markets feared dead markets. the s&p ending another week of decline with concerns over the pace and tax concerns. the kiwi dollar trading at 68.11. we are looking a little bit weaker after finishing friday's a session high than about one quarter of 1%. the aussie dollar seen downward pressure into the end of last week. we saw it falling to the lowest in about five months. if you want to look at gauges sentiment, it was falling against the backdrop of the weaker u.s. dollar. let's get more on what we should be watching us trading gets underway for this week in asia, adam has look ahead. asian equities have had a huge year. what is the technicals telling us? adam: let's dive into the bloomberg and see what it is telling us. call a what analysts double top. we have a high back in 2007, and then where we are now. we are reaching levels we have not had for 10 years. technically, that puts a lot of pressure on the ability for equities to push higher. you have seen that in recent ofk

haslinda: we have to leave it there. bollard, executive director of apec.ng continues throughout the weekend. betty: trade continuing as you mentioned, continuing to be the big driver of growth. you can always find in-depth analysis on the day's newsmakers, like what we just saw on bloomberg radio. you can download the app bloomberg radio plus or access it the of bloomberg radio.com. bloombergradio.com. this is bloomberg. ♪ yvonne: this is "daybreak: asia ." betty: a quick check of business headlines. a business investor under pressure, losing billions on a drug company. his stake in a burrito maker went soft. adp shareholders have rejected 3 board candidates proposed, ceo carlostory to rodriguez, who has called ackman "a spoiled brat acting like a used car salesman." >> i have never heard from an angry shareholder. every shareholder we met with -- we met with as many who would meet with us. we spoke to the top shareholders. every one of them said we did incredible research on the company, that has opened their eyes on adp. is anhet contest inherently healt

let's go to haslinda allman. numbers. sean the strongest quarter in about three years.dp coming in a 5.2%. at a 5% estimate. 2.9% the quarter before. quarter and quarter we have 8.8% before manufacturing going game busters up 18%. the government has revised gdp andthe year between three three point 5% between one to 1.5 to three and a half percent. this is like the optimism express. remember, he said gross for the year may exceed 3%. that is coming through. some economists have already raise their own estimates for the year. looking at about 3.2%, its previous estimate was 2.8%. as you know, singapore, highly intertwined with a global economy. it is benefiting from the recovery in global trade. byufacturing is lifted demands. trade rose 12% year on year, building on the 9% increase for the last quarter. other industries, like services, are also showing improvement. just singapore, we are seeing solid gdp numbers across southeast asia. malaysia, thailand have all reported the strongest growth in years. all beating estimates, all amid the fed. caution is the word. it has

i'm haslinda amin.berg. >> i am sophie kamaruddin with a trait -- check on the marke ts. shares in singapore and china are leading laggards in the region. samsung related shares dragging the most as it readies to appoint a new cfo today. that is according to the news. the korean won is stronger along with most asian currencies. eyeing a line is and sand that traders have found difficult to cross. the kiwi and aussie dollar leading g10 gains. the aussie dollar fight -- finding support from trade in september. the base metal complexes looking a little more next this thursday, aluminum and copper on the back foot. the yen is gaining ground. the nikkei is claiming a third of a percent. honda is leading the boost in tokyo, the most in 10 months on its earnings. investors remain bullish ahead of a three-day weekend in japan, even as yamaha corp. is one of the worst performers in tokyo. panasonic falling the most in a year due to concerns over production four teslas model three sedan. that is a look at the sna

i am haslinda amin. this is bloomberg. david: thank you.ogram. emerging from the smog to become china's clean air winter. -- air winner. stay with us. this is bloomberg. ♪ ♪ david: this is "bloomberg markets: asia" i am david ingles. toshiba in the mix today. have a look at this. planning to raise $5.5 billion of theloring a sale westinghouse unit. funds can be used in new businesses. reports of tokyo. the replacement of a ceo in march due to falling domestic sales. the company has been hit by rise of e-cigarettes and bathing. vaping.cigarettes and let's quarter, the company went on a buying spree across southeast asia. staying in japan, nissan says it will have to build a new production plant in the u.s. as sales continue -- if sales continue to grow as expected. it would need an entirely new facility as the existing plans are working at full capacity. they have the most productive plant in north america and import several models in japan and is the top model maker in mexico. injuries related to faulty passenger seats for honda. recall com

. ♪ ♪ ♪ haslinda: hello. i am haslinda amin in singapore.s a cult figure, a young man racing towards his first billion. tan min-liang is cofounder, ceo, and creative director at razer, a gaming hardware company at the forefront of a $100 billion industry. tan min-liang is today's high flyer. though consistently rated among thbe

rishaad: singapore is a senior minister of state for finance talking exclusively to haslinda amin.ingup, janet yellen central bankers to keep an open mind about inflation. we ask if jerome powell is likely to heed her advice. it is also the market open, next. ♪ ,ishaad: 9:29 a.m. in hong kong counting down to the start of the trading day. up u.s. major markets ended in record terrain. giant investors taking stock of the profit outlook and liking it. also tax reform debate on hold at the moment as congress has its week on holiday for thanksgiving. at goldman sachs, stott gains for next year. generally speaking it is a bet currently on global growth. that is the driving force chiefly as we move higher. haidi: absolutely. considering we are looking at a truncated week for u.s. trading. goldman is really on the barrier side of the ball's bama -- of the bulls. they have said they are expecting 2850 for the s&p next year. china opening now. we have this sense of exuberance when it comes to the hang seng in particular. sophie: can we get a drumroll please? the hang seng has broken 30,000

anna: im'f's christine lagarde talking to haslinda.n manila, he just made opening remarks. joining us now from manila is stephen engle. what did trump have to say today? stephen: we are just getting a sense of donald trump's personality here after a long trip day, and also duterte. somee run you through of the headlines. donald trump seems to be a supporter of bilateral trade agreements, rather than multilateral, one of the reasons he got out of the transpacific partnership. during his statement today he says the u.s. remains committed as it's obvious role as a regional forum. he said he wants a free and open trading environment within the indo pacific region. he seeks fair and reciprocal relationships with u.s. trading partners in asia. he said the trend of companies moving back to the u.s. bodes well for the indo pacific region. i am not sure how that does that, but he said they had good measurements. sarah huckabee sanders said trump and duterte talked about many items, including isis, illegal drugs and trade, and the subject of hum

haslinda amin joining us from vietnam. if you want to continue to cover it, there is the live go function on your bloomberg. tliv as well. mliv , the markets function on your bloomberg. mark cudmore leading the charge there. knowwas a week we didn't how it was going to turn out. at the end of the week, xi jinping is speaking, we have had the president of the united states speaking, yet it has been the markets that have steamrolled over this event, not paying that much attention to the nuances. to be honest, we were expecting north korea to be an issue and it hasn't been. absolutely, we thought some trump comments would lead to this week and that hasn't been the case. the biggest topic of the week was turmoil in japanese stocks yesterday. there is also hong kong ipo fever. this is important to remind investors that asia is the most dominant sector for markets in the world now. three of the most populated countries are in asia, largest economies are in asia. now china is taking the u.s.'s place as a leader of global trad

he spoke with haslinda amin. built two projects.another [indiscernible] i'm building also a golf course and country club. those are under construction, also. the second one i am building and bali. a hotel, golf course. >> everything is on track? >> yes. >> you talked about needing to acquire morland. -- to acquire more land. it has been successful? >> yes. >> your relationship with the has access to- the trump family changed since trump became president? >> [indiscernible] i can communicate with them at any time [indiscernible] do you think of the trump brand has helped you? >> the trump brand is a good brand, high profile. [indiscernible] from the beginning i decided to do that, even before he became president. >> you said you are inspired by mr. trump himself and have noted before you have aspirations to run for president. do you find yourself in that position now for the 2019 election? >> i have to make it very clear here. ,m going to support mr. jokowi the current president, to run again for 2018. >> why is that? >> he has shown

our chief international correspondent haslinda amin is there for us.es we aren looking at over this weekend? >> it's all about trade. this meeting is set against the backdrop bond of urgencies in trade and policy around the world. the aipac headset it's a very complex situation and it's getting more and more difficult to find common ground. it's precisely because of that that several trade agreements have been scuttled, including the transpacific partnership. 11 members of the tpp announced -- are now scrambling to get something out, a statement trying to indicate perhaps that tpp can go through without the u.s.. tpp was crafted by the obama administration but was abandoned pretty much by the trump administration the moment he came to power. global ceos are in town to discuss prospects and challenges for them. ups aipac the regional leader. good to have you with us. what has been the key takeaway of this meeting? >> my highlight so far was the opening remarks from president kwan. it was great to hear his ambition and vision vietnam. that has created a

haslinda: there is perception that the u.s.ing out of the asia pacific region and we heard from president trump yesterday saying that he is only looking at bilateral trade agreements as opposed to multilateral trade agreements. given that most of the countries in asia bar singapore have trade arguments for the u.s., how challenging will that be? guest: first of all, i would observe that there are some regional trade arrangements that are being negotiated with great success at the moment. if some countries prefer to have bilateral agreements, they can certainly do so. hopefully, all of that would be rules-based, within the framework of principles that have been accepted and need to be refined, improved over the course of changes in the economy, so that there can be enough integration inside of destruction and the global order. host: henry, here in the united states, financial conditions have been tightening. >> there are actually easing now recently. >> very, very recently. >> what is happening now with the rates being down unti

haslinda: can north and south korea ever unite? >> there is always the future.ofter a peacefully living together, there will come a time when people on both sides feel it is time, but what we need in the first instance is a permanent peace. at know that we are frozen the armistice agreement at the end of the war, and that has not been replaced by a peace agreement. but for us to work toward a permanent, lasting tease, we need to come to terms with them. yvonne: that was a south korea's new foreign minister speaking to bloomberg. we have a busy day here, big guests today. we will have jpmorgan tech conference later. the bank global chairman joins kong --ght: 40 hong might -- 9:40 hong kong time. jpmorgan advising at&t on its merger. we will see if it is in jeopardy. knowot a lot of people this gaming company outside of china. evaluation of $30 billion, it is a mashup of groupon and yelp. betty: looking forward to that. you can get around of that story and many more you need to get your day going in daybreak. subscribers can find it on their terminals, it is also

. ♪ haslinda: these are the first word headlines.red with 27.7% a month earlier. robust factory inflation has and moves profitable to tackle pollution have benefited larger firms as smaller competitors shut down. the moves will be tested by a cooling property market. anis not clear what caused explosion that killed at least two people sunday south of shanghai tuesday. it flattened buildings due for demolition. damaged gasamed a pipe come up with the local company says there are lines in the area. hascellor angela merkel stepped back from the possibility of new elections following a possible revival of a grand coalition between a christian democrat party and opposition social democrat party. she said the two have worked well over the past four years. she also said any potential coalition partner would have to support a balanced budget and broadly pro-business policies. donald tusk says the u.k. has just seven days to produce a new offer under brexit divorce bill if it wants to break the deadlock before the end of the year. he gave pri

tom: gary shilling and ambassador haslinda says, we will continue.fing in your car. bloomberg radio, sirius xm channel 119. new york, boston, san francisco, and washington. this is bloomberg. ♪ taylor: this is bloomberg "surveillance," i am taylor riggs. just breaking in the last year minutes, deutsche bank has attracted a new top investor whose identity will be probably revealed within days. is investors stake reportedly held through morgan stanley which reported holding 6.86% yesterday and the lender. germand of unicredit's candidate is the leading candidate to be the next ceo at deutsche. theodore weimer would replace carson can get her as the german -- at the german exchange. he is stepping down after becoming embroiled in an insider trading investigation. hisen buffett added to stake in apple and reduced his ibm holdings. berkshire hathaway bought another 4 million shares in apple and the stake is valued at $21 billion. they kept trimming their shake in -- stake in ibm. that is your bloomberg business flash. francine: thank you so much. another

haslinda: i'm wondering how brexit is playing into your strategy.aking you rethink your position in europe? >> there are two things which matter. one is talent, other is passporting. it, thehink about access to thailand -- the access is key. if it becomes harder to get people to move to london, that will obviously matter. passporting is critical. we are licensed by probably the leading regulator in fintech. we can use the license all over europe. we have a business running in all european companies -- countries. we need to make sure we can keep on doing the business. when the -- we are looking at opening a european headquarters somewhere in europe to serve our european customers. haslinda: having said that, do you think brexit will make london a less attractive fintech hub? the biggest problem with brexit today is it is still very uncertain what is going to happen and how. i think uncertainty never helps businesses, so i do think brexit and make u.k. less exciting other countries will win. singapore will win. maybe we will see paris become a fintech