this air show by e. hong features more than a thousand drones flying together all controlled by just one computer they don't collide that's a promising degree of coordination for those concerned about taxi drones that will carry real people. another focus is food delivery at this restaurant an employee takes an order of sushi to the landing pad outside that's right the landing pad a colleague loads it on to a drone and quickly checks the weather if everything is in order the drone can take off. and then fly two kilometers to the next landing point. that all those are just the biggest difference is the speed of delivery normally an order within our delivery area takes around thirty to forty minutes to arrive this but in this case we need just ten to fifteen minutes ago. several housing complexes are directly linked to the delivery service when the sushi drone lands a courier takes the food to the customer's apartment. around thirty such orders come in each day. flying taxis could also soon be part of daily lif

unfortunately,e though, hong opposite, ded in the the easy direction.ulatory,lk about holes in legislation, are you suggesting that this is endemic and ch is it goes right to the top, or are corporates perhaps better managed by better corporate governance? of ome of them are, some them aren't. i wrote late last year about china.ks surrounding asset management, which has added 300 billion asset balance sheet. the market -- it's very highly geared so there are some very large companies with chairman of d the that company has now been facing charges in the mainland and then we've bubbles, like -- which is still suspended. asre were large cap problems well. but probably there is a high proportion of fraud sterling in the lower end of the market. quickly, would you ever touch china onshore shares? i don't own any a shares. they run for party more than profit and until china addresses the really big issue, which is form ofyou sustain that governance in the long run, keep generating prosperity if they start selling off those s.o.e.'s, we aren't going to get th

e sector. sherrill is based in hong kong. zambia to tell the story there. rol: the promises and challenges of buying into of the vision internet. >> countries like zambia are in need of development. great e china as a way of funding projects. so, for example, in zambia, funding a big new airport in the capital. funded some smaller regional airports as well. roads that go directly to copper belt, zambia is copper cobalt and both. so the total debt they have to china right now is about billion, which the imf is ecoming concerned about, calling that a high risk of debt distress. these lion is on technology products. so what they want to do is reach, its mobile its broadband reach to the also, broadly, but with that technology also comes the means of control inside see sometimes of china. >> let's talk about that, because you went to zambia encountered government officials, one in was educatedho in the united states but he's all in china. that.us about >> i met the transporting communications minister who of zambia a's technology upgrade. i had a discussion with

in paris, revelers celebrating with fireworks on the champ-É lysÉes near the arc de triomphe. in hongt up the sky over victoria harbor. even north korea spared no expense with a countdown and fireworks over the capitol, pyongyang. nasa's "new horizons" spacecraft is hours away from a close encounter with a frozen remnant of the solar system's birth. ultima thule is 4.1 billion miles from earth, the most distant body ever explored. a billion miles farther than pluto, which new horizon studied in 2015. up next, new year's greetings from the folks who get us on the air each night. by: >> duthiers: we end the year by introducing you to the hundreds of journalists who put this broadcast on the air. we are so grateful for them and for you. for jeff glor, i'm vladimir duthiers. happy new year. ♪ should old acquaintance be forgot ♪ and never brought to mind ♪ should old acquaintance be forgot for auld lang syne ♪ we'll take a cup o'kindness yet ♪ for auld lang syne for auld lang syne >> ten, nine, eight, seven, six, five, four, three, two, one! ♪ should old acquaintance be forgot and never br

e: and i am sophie kamaruddin in hong kong. ♪ paul: here are the top stories we are covering in the nextour. a warning for davos. risks are rising around the world. saying risking dangerous with trade at its lowest in three decades. the general slowdown weighing on in lowerotes coming than expected. >> the u.s. slow today for the martin luther king jr. holiday. check of the dollar index. a six-week high after the great rally that we saw in the past week, however, we seem to be looking at some risk-off sentiment filtering through the markets. level ins the highest two weeks, really gaining ground against most of the two center and we had trade tensions, concerns simmering, and at the expecting theare -- backing parliament ruling now, days, alsohe brexit ruling out a second referendum. wti, at the highest level in two months, as we continue to see u.s. production slowing down. one thing to note, stocks in canada, on the s&p toronto, really see a winning streak that we have not seen since 2014, gaining ground for a 12th consecutive sessions your let's see how we are doing for asia sales. ,

i live in kampala and hong kong reporting on whether china's new e-commerce laws will be effective and wiping out counterfeit goods from the online marketplace. hallow the skies are clearing temporarily across iran as this cloud moves east was beating the cold dropping snow in afghanistan the next development is already taking place in the eastern mediterranean because it's not going to sit there loads of rain seems like in southern turkey does overseas know what some height that was from across into lebanon most likely overnight and then syria and northern iraq had to sweep through fairly quickly such that but i'll give you thursday looks pretty similar to be honest longshore breeze sixty in beirut in the rain but this rain has ganged up against the high ground in west and iran producing i would think flooding on the eastern side of iraq and snow in the higher ground as it crosses the border now that rain comes as fast as i ask you right and it generates cloud to the south of that through northern saudi the breeze in juices it's a southerly scores of potentially dusty one it lift temp

i'll have a go paul and hong kong reporting on whether china's new e-commerce laws will be effective and wiping out counterfeit goods from the online marketplace and roger federer answering a williams do battle on the tennis court will have the action from switzerland to help and help win over the u.s. they said this is our. well the u.s. secretary of state has sought to ease concerns over the withdrawal of u.s. forces from syria the trumpet ministration has come under pressure from allies and senior republicans since the president suddenly announced the pullout last month but mike pompei o says washington remains committed to its goals in the region the decision present made on syria in no way changes anything that this administration is working on alongside israel we can write this campaign continues our efforts to counter rated aggression continue and our commitment to middle east ability in the protection of israel continues in the same way it did before that decision was made and meanwhile the war between syrian president bashar al assad and rebel forces appears to be entering i

and hong kong reporting on whether china's new e-commerce laws will be effective and wiping out counterfeit goods probably online marketplace. from dusky sunsets over the sprawling savannah. to sunrise atop an asian metropolis the skies are clearing temporarily across iran as this cloud newsies was beating the cold dropping snow now afghanistan the next development is already taking place in the eastern mediterranean because it's not going to sit there loads of rain seems like the incident overseas that some height that was for toss into lebanon most likely overnight and then syria and northern iraq had to sweep through fairly quickly such that but i would give you a look pretty similar to be honest longshore breeze sixty in beirut in the rain but this rain has ganged up against the high ground of west and iran producing i would think flooding on the eastern side of iraq and snow in the higher ground as it crosses the border now that rain comes as kuwait. generates cloud to the south that's your northern saudi the breeze in juices it's a southerly sconce a potentially dusty one it lift temp

take a look at hong kong, you mention the 2% drop, the biggest tumble we have seen in hong kong stock for the month. 145%,e taiex as well down led by semiconductor stock today in china falling out of favor. let show you some currencies, we are seeing a little bit of dollar strength coming through with the exception for the japanese yen. the renminbi seeing some signs of strength but were watching the taiwanese dollar, it seems some steep declines. we did get that speech from president xi on taiwan. he mentioned that china must be the unified with the mainland. so little bit of pressure in taipei in particular today. you thisod to see morning. the story of -- the story on indie as we kick off 2019, how does it look? great,ot that unfortunately. what is keeping the indices lower is to sectors essentially. the metals sector where we've had a bunch of downgrades coming broken houses, and we've had weak sales numbers coming in for the month of december. that said, thanking index is not as down as the benchmark, but still trending lower by about .4%, which brings me to the yuan -- u.s. dollar. we see some streng

e. >> a nightmare. a flight from new jersey to hong kong was diverted to new finland canada, because of a medical emergency.chanicalency. the passengers sat on the ground, inside the plane for 14 hours unable to leave because no immigration officials were available. >> hours ago, united brought them back to newark airport. no word on when they will get a new flight to hong kong. some passengers gave up and went home. >> i don't think i would ever get on a plane again. >>> back here, actually, to england now. the growing concern surrounding queen elizabeth's husband, prince philip. >> the queen was seen going to church sunday without her husband after last week's crash. now, there are new photographs showing the prince behind the wheel, again. look closely. he doesn't appear to be wearing a seatbelt there. julia mcfarland is in london. >> reporter: prince philip behind the wheel of a brand-new land rover and a crash. >> reporter: questions linger about whether or not it's safe for the 97-year-old royal to continue driving, the latest photos show him driving without a seatbelt. an offense in the uk punishable by fine

reporter: when i spoke to carry e long yesterday, she said she expects a theater -- a further dip. zhang: hong different from china. denominatedllar currency. so the renminbi, it is not related to the u.s. interest. that is more for hong kong. china it is really about what the government allow the credit to go into the real estate sector? right away it will go back. done some of have the most innovative and gorgeous buildings in the east. what is next? is there demand for premium projects? weak last yearas and we hope with the credit easing we will see this coming back on the heels. it is about confidence. it is about, do people feel that the trade talk, it matters a lot if the trade talk comes back with good news. china has a deal with the u.s., then everything goes back. otherwise -- we are all eyes on the trade talks. zhang: juliette: that was the chief executive soho china haslinda amin and -- the asx 200 looks good. also some upside from hong kong. it is a choppy session broadly speaking for asian markets but certainly hong kong and chinese stocks looking solid. let's look at the movers.

hong kong studio. good day. manus.le: thanks, california utility pg&e bonds have been cut to junk status by s&p, the rating downgradem triple b minus to b comes after shares plunged on news it is exploring bankruptcy filings. pg&e faces an onslaught of wildfire liabilities, estimated to be as high as $30 billion, far exceeding the company's $10 billion market value. slowing memory chip demand and the u.s. china trade war left samsung profits below expectations. preliminary operating income fell to $9.65 billion, below the forecast of $12.3 billion, about a third below the figure of a year ago. trade tensions hit demands for chips in samsung's biggest export markets with shares down a quarter last year. and the activist investor targeting barclays says he lost faith in the bank and will seek shareholder approval for board changes after being denied a seat. edward bramson holds more than 5% of the stock and calls for a recomposition of the board after being rejected as nonexecutive director. he says he may seek changes at the agm in may or through a separate shareholder meeting. that is your bloomberg business flash.

hong kong. california governor avenue some has demanded changes to pg&e after the company said bankruptcy was theviable option in the face of worsening finances and potential fines listed -- related to last year's wildfires. says allce department online gambling is illegal in the united states. the ruling reverses his position from 2011. by casinon backed executives showed that addison lobbied the justice department to clear the states to allow for online gambling. that is your bloomberg business flash. manus: thank you very much. that is a run down. will make his first appearance of the year today after sitting through a month of over the durability of the european expansion. germany has slowed? in 18 is the year in theory we 2018 is the year in theory that we will get normalization of the ecb. would you think there is a risk of policy error if the ecb raises rates? we have a pretty tough economic outlook. was the year that the ecb missed the opportunity to normalize. forward guidance shut them out from that opportunity. there may have been an open window early last year but it is now firmly shu

hong kong and china, in order to show his film mandy. china, and filmmaking in china, and really all over, is the new way. !~. 2015 “gay-eke! {hi—ech film's chinese release added profits for american studios. in a sign of the new global order, aquaman was released in china before the us. you can see why hollywood is salivating at the thought of the chinese market. everything about china is vast, including its potential audience of 1.3 billion people. yet nothing should be taken completely for granted. it has taken hollywood until 2018 to put its backing behind something like crazy rich asians, the first hollywood studio film set in contemporary times to be led by an asian cast in five years. jon chu's feel—good, escapist rom—com performed well in america but bombed in china, with just $1 million in takings. it hasn't been released in india at all. perhaps talk of a worldwide film village is still premature. that kind of romantic comedy format is very frequent, is very common around asia, so i'm not sure it's ever going to work so well in the east. i think you have to be careful about the hybrid that tries to please everybody. you

vast e-commerce industry the legislation aims to protect online consumers and intellectual property and clean up the country's reputation as a major source of fake goods to pick apart a report from hong kong as part of all series looking at new laws for twenty nine thousand. this hong kong jewelry brands expansion into mainland china was a tough lesson for its founder and designer her short foray into that market ended when one of her signature pieces was copied and sold under different brands she has since expanded her collection half the sales are online but you won't find her jewelry on any of china's main internet retail sites in the uk all were high cost is risky i don't sell any products on online shopping pass forms in china because it feels like i'm just giving away my designs and not getting anything back and this is the problem those behind china's new e-commerce law are hoping to tackle the legislation is looking to close some of the loopholes in the world's largest retail market which is worth more than one trillion dollars in twenty seven t. the individual platform will be liable as well as the past and selling a goods so a shift the onus is suddenly the platform has to

hong is it going to get worse? how are you seeing this now? alan: i think the housing market is entering into a correction 5%e, but i think probably drop. ng for the market to bottom out in the second half of the year. lots of people say it is undeveloped. it is always kind of the case for hong kong. the housing price has never been cheap, so every time when the market is softer, they want to cut the price, 10% below the market. then i think recently the new launches, the market is positive, which is telling you where the market bottom is. i think we are not [indiscernible] the housing market in hong kong. rishaad: looking at anymore with the cost of money in china's financial markets is eye-catching late low. -- eye-catchingly low. the fallout from the trade war. the people's bank of china turning on the liquidity taps overnight. yvonne: a seven-day repo rate turning to 2.3%. we haven't seen levels like that since 2016. we will see those levels, how cheap things will get. falling of funding, hedging with bondweet spot buyers and easier monetary stance from the pboc could be a challenge for the exchange rate. much, alan jin. some movers

hong kong. >> all right, david. and thank you for the e-mail you sent me a short time ago about my saints.was very kind of you, david. >> i'm sorry they didn't make it. i know how close they are to you. >> and you said they were your third team. i don't know who your first two are. good that they are your third team. >>> but we're going to talk about the super bowl matchup right now. the patriots and the rams preparing to face off after both teams won in o.t. on sunday. fans in new orleans not exactly happy with the results. this sign pretty much says it all. we were robbed after that blown call late in the game could have cost the saints a trip to the bowl. t.j. holmes, what say you? >> okay, i say this is a shame. because a referee made an awful mistake last night. that mistake was immediately obvious to everyone watching. but, robin, the rules don't allow him to go back and correct his own mistake. and that mistake has now likely cost the saints a trip to the super bowl. >> brees. pass is incomplete. no flag. >> that should have been a penalty. and sean payton is justifiably upset. >> r

he paid it snow and hotel bills in hong kong and so you can't really separate in my judgment a son from russia and that's why i believe russia when they hacked into the e-mails of the d.n.c. and mr podesta e-mail account they used mr assad and wiki leaks as the publication vehicle and we know from the if the allegations the diamant are true that mr stone was working as at least a middleman or a cut out from the campaign to coordinate and be apprised of the timing of the publication of the e-mails to maximize the political use now one thing that's critical to remember is that mr assad in wiki leaks is he's not a u.s. citizen he's australian so foreign entity that under u.s. laws would be criminally prohibited from doing anything to influence the outcome of the presidential election so there are serious to be a vulnerability on mr stone even though it wasn't alleged that he was receiving are collaborating with the use of foreign valuable material to influence the outcome of the election i believe that mr stone is not only it was instrumental in the campaign but he's been with mr trump for decades going back to mr trump's effort to get compared to competi

taking a look at the hong kong market, which has turned .3%, a change of heart as well. , some strength at the moment. .e were weaker earlier feare the peso stronger against the dollar in the session. managers suggesting euphoria concerning em currencies is overdone and investor should have caution. these are the biggest movers on the indices. malaysia on the way down. philippines down as well. targetedk at this , thision that took place after the record last week. how come at this is going back to 2007, as we ,un-up to the chinese new year they want to bolster businesses with cash and allow them to work over that holiday period. there we go. 3.15%. three years or thereabouts of duration on that mlf. at's move it along and look the headlines. >> theresa may is being warned of increasing disquiet in her conservative party, with members worried her government is sleepwalking towards a hard brexit. tuesday's cabinet meeting her to call for tory rebels to be threatened with no brexit a while other seven no deal outcome should say on the table. we continue to follow closely the ongoing parliamentary debate in

hong kong. is china's very own silicon valley packed with more than 20 million people. has become the biggest consumer manufacturering world bursting with hundreds of factories. bloomberg business week's ashley to eraveled there experience the factory life firsthand. the factories in china all the time, i'm lucky enough to go is located about an hour outside of the center of the city. let us see what life is like inside one of these factories. factories, there are decent factories and then place run by grantson electronic. not safe to say, this is what i expected. the plush surroundings are customers from all parts of the world feel comfortable. it's more like you workers ect, dozens of moving at the speed making fancy phones for an australian company. how did you guys end up here? i guess that's the thing to do? >> it's known as a place that come to make things. you don't come here to mess around. you come here to get things done. they have the supply chain here, a supplier can make any phones youf the head need and of course there are labor costs which is not as to be but still reasonable. the production line is running started, ty since we yeah, we can do 500 a day normally. noises wee the lit

e christina aguilera rocked times square. the sky lighting up around the globe from rome to russia to hong kong, and in dubai, a record-breakingning now. the shutdown stalemate dragging on this morning. just days before democrats take control of the house, president trump saying he is ready to negotiate, but not willing to back down on the border wall. democrats say they have two spending bills to introduce, but neither will fund the wall. >>> this morning, the urgent manhunt continues in texas for the man who killed 7-year-old jazmine barnes sunday morning. a gunman opened fire on her family's car and a walmart parking lot. police releasing this image of the truck believed to be the killer's, but so far, they have not identified the shooter. >>> the colorado man accused of killing his fiancee is now facing a pair of first-degree murder charges. patrick frazee did not enter a plea during a court appearance yesterday. also it has been suggested he had one or more accomplices in the death of 29-year-old kelsey berreth, but that has not been confirmed. >>> north carolina officials say they will investigate after a deadly lion att

e price creating the world's biggest gold buyer. it again forc did the second time in less than two weeks, the hong kong-based put premium seats at auge discount, offering a first-class seat from portugal to hong kong at 1/10 of the original price of $16,000, just as a did the last time, the airline says it will honor the tickets. that is your bloomberg business flash. alix: chinese trade getting hit by the trade war, imports and exports posting their worst numbers since december with a rush of orders for tariffs and accelerating global growth hitting domestic buyers. joining us now is our chief asia economics correspondent. did you buy your 100 and $60 or scholastic it to portugal? purchase cafelly flights this weekend but unfortunately i didn't get any bargain basements from them. good luck to whoever got those tickets. alix: apparently it happened once before. you never know, keep it on alert and you could definitely be getting that $160 plane ticket. going to the data in china, the biggest take away for you when you saw the slowdown in exports and imports? >> well, the thing clearly, what's happening is it's the latest confirma

e looking at the condition of that little car. >>> well,s united airline is reviewing one of its flights that dozens of passengers are calling a nightmare. passengers on board a united flht from newark to hong kong last weekend ended up in goose bay and they were trapped on the tarmac for more than 12 hours. the flight was diverted for a medical emergency, but once on the ground in frigid can a a door froze. crews could n get it shut and canadian customs wasn' staffed, leaving passenger stuck on board. >> frustrated. there was anun immenset of cabin fever. >> a replacement planeal eventu took the passengers back to newark. they didn't make it to hong kong, almost 24ours after they first took off. united says passengers were given reimbursement,co ensation, hotels and meals. but theyer will n get the 12 hours of their life back. >> the inconvenience level on thats just amazing. wow. >>> 6:10 now. teis morning the kentucky teen at the c of that viral confrontation is doubling down on his claim did nothing wrong. >> you've seen the video by this point. nicholas sandmann staring down nathan phillips last week. we're hearing fromicholas in an exclusive interview this morning. >> do you feel from

e pound canada says the u.s. has formed a formal request for the huawei cfo. the u.s. also announced criminal charges against huawei announcing wire fraud. from hongloomberg's chief asia economics correspondent. how ugly will this get? you have the u.s. doubling down on the accusations. are we expecting or afraid of retaliation from china and is that mean that trade talks are dead in the water? enda: these latest charges certainly come at a crucial time for the broader trade negotiations. i think one of the critical questions will be whether or not to remain separate. whether the u.s. charges against huawei for violating sanctions against iran and technology somehow gets intermingled with rotter concerns of chinese treatment over u.s. iep. somethingly comes as of crucial timing. it is going to overshadow the trade talks. it is certainly probably not want to be much for relations between both sides given how the human italy china continues -- vehemently china continues to strike back at against these obligations. -- allegations. francine: it is very clear that huawei became a target for the u.s. government. how much are these accusations real and h

hong kong, shanghai. haidi: stand by for bloomberg markets china open. this is bloomberg. ♪ this is bloomberg. ♪ ramy: not talk a.m. in shanghai. -- tone of the day. slightly following wall street higher. es, and. imminentors await the data from china. it is expected to slow down yet again.