hina husing and says the plans have quote absolute priority but as these operations they've been contribution to a big chunk of the recent result leading may to ask why the company is now looking to merge and downsize the division. meanwhile workers here in germany fear that the merger will eliminate more jobs than the company is claiming. tousen corp forms the bedrock of german steel making but the company's planned merger with tata steel has left employees feeling like they are on shaky ground the tie up is likely to result in about two thousand job losses in germany. the issue has even sparked debate in the german parliament members of the social democrats say the government should have intervened earlier. this morning. are there it's fun clear if this merger will help secure steel production in germany and europe. it seems as if this is about shedding a profitable part. no longer of interest to the group as a whole. steel production accounts for well over seven billion euros of income each year at towson corp steel made products like elevators are worth almost as much products made for th

hina husing mind says the plans have absolute priority for the around four thousand jobs said to go workers are staging protests many are asking why the company is now looking to merge and downsize a division which is making a profit every year the friday that follows thanksgiving whips american shoppers into a frenzy once those doors are open it's a dog eat dog hunt for the best bargains but watch out some of those deals are just too good to be true. some people have been camping since monday outside this electronics shop in tampa florida. they're hoping to snap up some bargains like a fifty inch ultra h.d. t.v. for just one hundred eighty dollars because it does take away i guess from you know the dinner and the holiday and everything like that but. you got to do what you got to do to get that price so. there may not be tents out on the german high streets but there's definitely a black friday bug in the retailers even have black week out the thais ing seven days of rock bottom prices opinion on the street is mixed which from them black friday i like discounts on electronics i'm happy to

admired but also in social institutions in you know people's homes and schools and even in jails i just hina ensure than in so gotten in the famous or when does this i wouldn't imagine that a group of eight dancers for boys for girls act dance a few you know could be so completely open to these people i love hold off a night i. may never very well trained dancers. but how they manage to communicate with others so freely contains easel helmsley touching that i mentioned getting them to dance and teaching them to dance. this is so wonderful americal from a dance and mithun. this is from here and i know. john you know i'm i are often goes back to the country of his birth also together with the hammer ballet this year there performing in new york and washington d.c. . we caught up with him again at washington d.c.'s biggest arts center the kennedy center the kennedys were strong advocates of the arts and put a lot of effort into the center neumeier is saddened by today's america and how different the atmosphere is. but of course i remember that you stood in front of j.f.k. sculpture. he was murd

hina he singer says that the plans have absolute priority but as these operations there racked up a big chunk of the recent results sparking work a protest as many on ask why the company is now looking to merge and downsize that division. well to some market reaction let's bring in our financial correspondent con about abuse in the conrad negotiating this merger was a grueling eighteen month endeavor it faces fierce opposition by union representatives who say though vote it down what investors make of that. you know helen the people on the markets are quite aware that the power in the supervisory board of this and complies with the capital side even if the unions the workers representatives in the board voted unanimously against the merger the representatives of the shareholder would have a majority and even if it's not likely that the c.e.o. will choose such a confrontational approach homeless using a has a lot of points to is argument he says that without the merger the cuts at the steel section would be even worse so it's quite likely that some sort of compromise will be found at lea

in the audience, japan occupied malar and hina, burrban, to drive westward through india. if these two enemy spearheads were allowed to meet, russia and china, except for their ports, isolated, ompletely japanese raw material and german production would be combined, of europe, asia and africa, the world's population, enslaved. morning, a decision, both bold and revolutionary, both ecause in this, our darkest hour, we dared to take the offensive. evolutionary, because that offensive was conceived, planned and executed by the peoples of nations, the time and the place had been agreed upon. the code name for the combined acrobat, two great elements were time and secrecy. 125 days in which to plan and launch an offensive from base 3000 miles apart, an operation involving hundreds of housands of american and british soldiers and sailors, million of american and british women, only by whose combined effort that the become a reality. the plan itself -- few men no more, new in entirety, the plan for this combined operation. in london and washington, british and american officers a

this is matty has done hina he wants to know how high the risk of a blackout is we've already had a tastecaused by a cruise line up from the my ashes. that was the fourth of november two thousand and six. when i luxury liner was delivered on the m's up our card with far reaching consequences a cut a single high voltage power line was switched off there were communication problems between the grid operate has this resulted in a europe wide chain reaction. about. the people didn't know what was going on they couldn't reach the electricity supply e.d.f. so they called us but we didn't know what was going on either all when power would be restored. the power cut lasted two hours. why is the world's biggest tenant tricity grid so vulnerable. because it vibrates as the experts put it. doesn't say it's just this is the european alec just the grid it reaches from turkey to portugal and denmark to italy it's not a national grid it's a big european wide grid that's so peaceful that's what's the frequency at which it vibrates in europe it's fifty hertz plus minus smallish deviations but generally sp

will being up, we talking tech, in particular the push for green energy cars in .hina we talked to bloomberg deepening ties with chrysler in china. this is bloomberg. ♪ rishaad: in an exclusive interview with our china , the president says the company is poised to enter the american market. enter a u.s.ing to market in 2019. this is a crucial move. current stage, our internationalization process has just taken off. we have laid down all the groundwork and carried forward our car sales and service operations to 14 different overseas countries this year. entering the market will be a huge breakthrough because we on the grand far path of globalization, establishing our brand in the u.s. and winning the trust of american consumers. >> you chose the name well before donald trump became , but is this positive for your branding or a drawback for your branding? >> we will definitely choose a name that american consumers are totally comfortable with. if american consumers think our models name is too similar to a certain president and therefore have mixed feelings about our product, we will pick a ne

tencent is 18% of the msci ,hina index and alibaba is 15% and most fund managers have the 10% limit int is the neutral is well people'st most individual stock concentration limit is. rallyingtwo stocks are , they are already well behind the eight all, akin to samsung electronics close to 20% of various indices, and if you have , 10% limit, you have a problem so we have identified stocks that trade in tandem with tencent or alibaba and say we have a proxy exposure there. you can have a patch up waiting in some other areas and that will help you not to lose the performance. >> stick with us. ,e have more from you as well looking at your outlook for 2018 coming up next after the short rake. tencent,ing face of what china's largest company has up to and how it is driven by facebook strategy. this is bloomberg. ♪ ♪ ♪ >> this is "bloomberg markets: asia." i am yvonne man in hong kong. >> i am betty liu in new york. the 2018 markets outlook with the goldman sachs chief asia-pacific strategist. you were talking about the fed and goldman sachs and you are more hawkish than consensus on interest

trade exhibition ofsouthern china where tens thousands of people who are trying to sell goods outside .hinaound these curbs are not just affecting industries such as steel and aluminum, but areas a march wider including plastics, textiles, and everything like the suitcase industry where manufacturers are able now push prices a bit higher because in some cases a lot of the competitors have been closed down and wiped out by xi jinping's crackdown on pollution. guessing the polluting industries have the most to lose. who has the most to gain here. i think i would frame that differently. i would say here are the winners and losers within different industries. steel, aluminum, or plastics, you have scale if you have the right technology. you will be able to withstand the kinds of more stringent checks and regulations that the government is seeking to enforce. what is happening is a lot of small companies that previously sprang up very quickly across different industries are no longer able to survive. it's about raising the margin of costs to these industries. if you are a big player in steel or

companies into ,hina, those tough trade issues they were not talking about those issues.her and are moving cautiously as they go forward. seeinda: what moves do you trump taking in relation to china? >> i think he will remain aggressive in terms of posturing and cautious in terms of action. we have there a relationship that is so important to the united states. they will not act in a precipitous way that causes unnecessary stress on that relationship. i actually think right now the way he is forging a relationship with shinzo abe and working with narendra modi and looking at relationships australia, that is a sign that maybe new stability is emerging. haslinda: we thank you for your insights today. thank you very much. up next, the china solution to gridlock. it is take to the skies. taxisartup planning drone from the united states to do by. this is bloomberg. ♪ ♪ is it a bird? is it a plane? or is it a drone? company is accelerating plans to roll out drones from the u.s. to the uae. company.cess to its >> the drudgery of your daily commute could be the things of the past

that involves getting people in .hina to be buying things if you can make the products from overseasore accessible, cheaper, then that goes away to helping with that. francine: when you look at some of the stocks, we have done on, diageo. , diageo.e danon our internationals -- partners going to benefit? emma:emma: we've seen a selloff here in china. there potentially disadvantaged by the fact that the tariffs are as high as 20% on some baby formula product -- that's been reduced to zero. some companies you mentioned, danone, nestle, abbott , itratories, may johnson hasn't been a good day for those guys. we will see more reaction this list -- it was over 180 products that some reductions -- is digested by the market. as you said, it covered a wide range of things: ski equipment, copy machines, bidets. the tariff on bidets was reduced by 2/3. alcohol: for saw the biggest reduction in tariffs. 60%, down to 14% for the martini ingredient. francine: i was reading a story on cosmetics actually, which is why i was asking the question. it seems like a lot of china citizens per more popular c

hina is trying to have its clout with commerce and communist party projects himself as a man of virtue and a man of dominance and the magazine called him the world's most powerful man. another poll, russia has raced ahead of us in weapons technology superiority. it could be argued that it was an actual aberration within the czarist rule and seen in that light, putin is a new czar type marksist ved past purpose to have poetry, and ex pan nishist power. the third pole is the ideological and higher expression of higher ideals. we call this the transatlantic alliance but it is from people around the world who are guided by a sense that all persons have dignity and rights and that the systems of governance and economics ought to be ordered around that very proposition, when a person can exercise excellence for themselves in partnership with themselves, a community of possibility exists, in america we believe these alues are universal and more potent than any accident of ge ag gra file. born in former ages and translated over time to our present day. now, given our vulnerabilities we underbl