this could have been worse if you look at xiaomi's 35% number.is this a china slowdown story? a story about the reticence of the chinese consumers to spend the big bucks for the most expensive phones? or is it a cyclical story for apple? mark: i think it is a combination of the last two. one, people are holding onto their phones for longer but that is because of point b, the phones are getting more expensive. people don't want to pay between $1000, $1200 on an annual basis to upgrade their phones, especially if they are not major, new innovations. the leap from the 10 to 10s was pretty small, but from the iphone 7 to the iphone x in 2017, when they did increase the price, was actually a pretty big leap. one of the biggest year-over-year overhauls in history so that price jump did make sense. going from the 10 to 10 make it more difficults for people to pay. emily: what about the speculation that this could be a sentiment issue tied to the u.s.-china trade war? bank of america speculated about that happening. a boycott of apple products in china.

the likes of xiaomi, jumping 5% to 7%.his, especially when looking at the tech sector? tai: i think it is important. compiler needs to balance the needs between investor protection and also what investors are tracking and looking into. the fact that some of these companies are followed by lots of investors come active and passive alike. it does make some sense in terms of including these indices. rishaad: absolutely. this chart is showing you the benefits membership does bring. the white line, foxconn. and xiaomi there in blue. sofia: you mentioned benefits. what was interesting last are is when they included eight shares, if shirt -- a-shares had one of their worst year since the financial crisis. i wanted to say, now that msci is consulting on increasing the weighting of china, do you think this matters, is a different because also chinese security regulators are making things easier for foreign investors? tai: i think so. when you look at the kenexa and it has channels, developed in a more positive way in the past coupl

its makers, xiaomi, say it is only an engineering model at the moment, though.hinese firm, lenovo, has also previously teased that it's working on a similar product. for royole, though, this isn'tjust about wearables and phones. their vision is that flexible electronics will change the way we interact with the smart home and technology generally. there is the age of internet of things, so flexible displays, flexible sensors, flexible electronics, break the limitation of the phone factor, of the surface. eventually, all of these things will be smart, will be intelligent. that is where we see the flexible display‘s future. now we've heard rumours of samsung making a flexible phone for some time and this week, we finally got our answer at their latest launch. here's jen copestake. in a big surprise, samsung not only unveiled a folding phone but announced it would go on sale in two months time, at a staggering cost ofjust under $2,000. called the galaxy fold, the phone opens up to make a 7.3—inch tablet display capable of running three apps at once. it includes a ne

xiaomi actually turned out to be a bigger contraction, about 35%.n see this continues to impact what is happening with apple here. also, one really interesting thing that just dropped as well. the 13f filings on apple with regards to managers. oakridge and jpmorgan in the past few hours revealed in the fourth quarter of 2018, they all reduce their holdings. this narrative that a lot of people are holding out from the shares, evidence over the past three days. haidi: huawei has some good news coming out of the chinese domestic market, but this comes amidst what has to be the toughest period of the company operating overseas. ramy: we know about many western powers, united states chief among them, pushing back against huawei. u.s. secretary of state pompeo is on a european tour now in hungary and saying this when asked from reporters about huawei. he says if that equipment is code located, placed in the same place where we have important american systems, it makes it difficult for us to partner alongside them. we want to make sure we identify the oppo

its makers, xiaomi, say it is only an engineering model at the moment, though. lenovo, has also previously teased that it's working on a similar product. for royole, though, this isn'tjust about wearables and phones. royole‘s vision is that flexible electronics will change the way we interact with the smart home and technology generally. that is the age of internet of things, so flexible displays, flexible sensors, flexible electronics, break the limitation of the phone factor, of the surface. eventually, all of these things will be smart, will be intelligent. that is where we see the flexible display‘s future. now we've heard rumours of samsung making a flexible phone for some time and this week, we finally got our answer at their latest launch. here's jen copestake. in a big surprise, samsung not only unveiled a folding phone but announced it would go on sale in two months‘ time, at a staggering cost ofjust under $2,000. called the galaxy fold, the phone opens up to make a 7.3—inch tablet display capable of running three apps at once. it includes a new type of

january.e xiaomi i madewas a big expiree that everyone worry about the valuations we saw last year.ons of dollars being lifted in hong kong. have moreer, we still ipo 40 companies whose lockups are due to expire. a lot to watch for on the special situations desk. >> and what do we know about these expirees on the horizon? sofia: today we have china tower. that lockup expires for some shareholders. it is a different story to show me. aom brought down iti valuation target, it was still an extremely valued ipo. as soon as you could sell the shares after a badly performing ipo, you could still make a huge profit. 30% sinceas it risen its last listing, it is not a flashy tech stock. it operates most of china's telecom towers. the 5g story is very much a growth story in china. even though we saw citigroup cutting its rating on china tower last week, it was just a valuation call. their bullish stance on the stock has changed. even though we are likely to get a relatively bearish market in hong kong today, given it has been closed for the past few days and we see bearish macro views, given

xiaomi have launched its latest smartphone ahead of the conference in barcelona.n sale with a starting ings anag of $488 and br ai triple camera with a sony sensor. costs are shredding the numbers of its international operations. fromargin narrowed to 2.4% 6.5% a year earlier. the burden is putting the international business to the edge of profitability, with revenue growth wiped out by higher costs. fuel increased for the second half was half of what it was for the first half. we are seeing our competitor's capacity come down to either flat or negative growth. that is good for those recovery fuel. it gives us optimism the second half will fully recover refueling rates. david: here we go. we have been watching the chinese currency. obviously a lot of news lines have been coming up to last 45 minutes or so. that has led to what you see. belowfshore yuan trading the 670 handle we saw this summer. yvonne: reuters first reporting the two nations are coming up with these mou's to come up with a trade deal. the u.s. has mentioned they want some kind of deal before the f

xiaomi, huawei, all with great devices. as you look broadly, there is a lot of buying behavior aimed at buying quality devices with good displays. becominghe display is more and more important as video traffic grows as a percent of the total mobile traffic people really are migrating to video, and i think samsung has an edge with its displays. >> how do you expect the global market chart to look different at the end of the year then it does right now? share has been roughly flat for the last couple of years. i think on the strength of this upgrade cycle, the introduction -e, the lower price, i expect it will track up a bit. i expect apple to be stable, maybe down a little bit. and then with the chinese vendors, sort of steady as she goes. selina: chinese search giant bao -- baidu gave an upbeat --ecast as new contacts content and products help energize business. they are spending billions on their newsvices like feed as they fight off rivals amidst a slowing economy. joining us to discuss is stephen engle in hong kong. look

has been almost literally pushed out of the chinese market by these vendors, so xiaomi is on the list, huawei , others, all with great devices. as you look broadly across the world, there is a lot of buying buying gooded at quality devices with really good displays. i think the display is becoming more and more important as video traffic rose as a percent of the total mobile traffic out there. tople are really migrating video, and i think samsung has an edge with its display. emily: how much you expect the market fair chart to -- market share chart to look different this year? has beensung's share roughly flat for the past couple of years. on the strength of this upgrade cycle, the introduction of the 10e, which is the lower-priced galaxy, the full double phone, i imagine you will see their share trend up a little bit. i suspect apple is going to be stable to maybe down little bit, depending on what we see in september. vendors,h the chinese sort of steady as she goes. emily: john butler, bloomberg intelligence, i appreciate your analysis. coming up, is elon musk too fast to tweet? an

xiaomi, which is one of the other big chinese phone makers, they reported between a 30% to 35% increasef it, they are just the biggest player. ♪ >> tensions are rising in thailand just a month before the first general election since the coup five years ago. the former prime minister has abandoned plans for the kings sister to run for office, and the monarch publicly opposed the idea. >> it has been a remarkable turn of events, from a princess being nominated as the prime ministerial candidate of the party affiliated with the king, to the king coming out with a statement 12 hours later saying that this was inappropriate in would not be allowed. ♪ >> euro area finance ministers have given their support to philip lane to become the new member of the executive board of the ecb. >> it was a coronation, not a competition. the irish government really wanted a seat at the table at the european central bank. philip lane is very well regarded, strong economic evangel's. he is seen as one of the best at the ecb now, and really this is a key job. the chief economist works very closely with the euro

xiaomi is on that list. they have great devices.you look more broadly across the world, there is a lot of buying behavior aimed at buying good quality devices with really good displays. i think the display is becoming more and more important as video traffic grows as a percent of the total mobile traffic out there. people really are migrating to video. i think samsung has an edge there with its displays. emily: so how might you ask the market share chart to look -- how might you expect the market share chart to look different at the end of this year? john: that's a great question. samsung share has been roughly flat for the past couple of years. on the strength of this upgrade cycle, the introduction of the 10e, which is the lower priced galaxy, the foldable phone, i imagine you will see them trend up a little bit. i suspect apple is going to be stable or down a little bit, depending on what we see in september. and with the chinese vendors, steady as she goes. selina: chinese search giant baidu gave an upbeat forecast. they said re

its makers, xiaomi, say it is only an engineering model at the moment, though.e smart home and technology generally. there is the age of internet of things, so flexible displays, flexible sensors, flexible electronics, break the limitation of the phone factor, of the surface. eventually, all of these things will be smart, will be intelligent. that is where we see the flexible display‘s future. now we've heard rumours of samsung making a flexible phone for some time and this week, we finally got our answer at their latest launch. here's jen copestake. in a big surprise, samsung not only unveiled a folding phone but announced it would go on sale in two months time, at a staggering cost ofjust under $2,000. called the galaxy fold, the phone opens up to make a 7.3—inch tablet display capable of running three apps at once. it includes a new type of hidden hinge which they say can handle thousands of folds and unfolds, with a battery on each side to extend runtime. the eye—watering price seems unusual, if not risky, given the company said the cost of its s9 phones led

it was also xiaomi. it was part china import huawei being awesome was basically my take away.alix: there is also that part of it as well. that is not going to be good for apple. by thise are joined acquisition coming up decision forces. explain it. >> it does not sound particularly sexy but it is a very profitable business that adjusts margins in the high 20's. significantly higher than what you see across the rest of the portfolio. this is not a company that does a ton of acquisitions, especially not they acquisitions. this is the biggest for the company since 2007. it signals a strategic shift in the way it views its portfolio. the last one was train. against a lotng of speculation about whether we may see consolidation in the hvac sector. that has led to speculation about whether we might see more deals in that space. david: are they going further into a business they are already in. >> they are. they had this hvac system that i was talking about. that is also the hvac system you put in your home. there has been speculation about whether you might see them merge with johnso

crude is becoming a xiaomi story and the numbers are -- a show me story and the numbers are becomingess production potentially, and the demand number that people are very concerned about still remains a huge risk to the commodity market. but for now, the data seems to be saying, ok, the u.s. at least is holding up its end of the bargain. caroline: the fundamentals being held there. the russia-u.s./point been built -- the russia-u.s. flashpoint being built in. how will that treaty affect things? rebecca: it is relevant when you talk about geopolitical risks in the commodity market. you cannot ignore them. the number of barrels or a price move on it is really hard to say but conditioning within the commodity at least in december when people got absolutely destroyed might be a little lighter. geopolitical headlines may have contributed to upwards momentum. scarlet: you mentioned position in december but not more recently, and part of that is because we are in a data point today where we do not have a good read of what is going on. how much of that is weighing on price action or driving

stephen: there's also a number of different companies, including xiaomi, another one of your cornerstone investors. it was the first under the weighted voting system rights. voting writes, more than directors to have this weighted voting. they want corporations do you think hong kong -- to attract more of these unicorns in the tech space in china, do they need to become more flexible? zhihao: for this specific issue, it doesn't apply. definitely. china'sle to adapt in new economy, this is the way to go. i appreciate the hong kong stock exchange to embrace the change. really helping the industry and innovation. stephen: how bad is slowdown in china? the economy? zhihao: we are aiming for a longer around. we stay focused on ourselves. stay focused and create value. we had to go through cycles. i remember 15 years ago when tencent went ipo. less than $1 billion. so many cycles. the same thing happened to a company like maoyan. we create value. we empower our partner, and power industry, do our own thing. stephen: thanks so much. .he stock is coming back it is recovering as you are talking t

xiaomi has number one market share in india. apple and samsung are losing out because of the price.he things i'm fascinated about china its own market, chinese market which is huge numberswise, there don't seem to be as concerned now, maybe they never were, really now with the type of phone that they have, consumers in china, because just about everybody from what i'm told uses the app we chat, as soon as get in the phone. use it for everything, mobile payments, mobile banking. it has taken such control you can have any old phone because you're using that app. what is the impact on these big companies really for the next few years, apple and samsung? >> you have to look at this not about selling phones but about having install base. so think of subscribers and billions of users on devices. on each of these devices it is about what services you can sell and monetize per user. china is great example. financial services, social networks, entertainment and video. the phone is the platform going forward for digital networks. connell: right, mobile payment, taken off like crazy in china,

but if we can hear that they're not enemies, then apple could maybe start taking stuff from xiaomi, in huawei. they're all -- huawei stuff today -- the huawei stuff is big. >> apple orders in china. >> that was still the last quarter. but i put a guy in that courthouse in brooklyn, where this -- the huawei suit is, you know, they're an outlaw. they're circling -- our president is circling the wagons against huawei everywhere in the world. there is an article about how eastern europe hasn't bought in yet. >> merkel might be getting to it. >> that would be something i think huawei versus apple is the story to watch but nike is the one that goes to 90. >> haven't made your china etf yet have you >> i have an idea for one, but i figured what would happen is i become part of the problem of our market, which is the high speed trading that would seize the cramer etf and the anti-china -- >> it could be volatile. >> navarro leaks to his people white house leaks to one of our people it is very hard. you would be in and out on the etf every day. it would be so great for a program. we should cal

nayar, xiaomi people getting in touch and of course, we have seen real decrease there but it is justd burning sensation that people feel, they literally do not know what to do with themselves. i've had one person say that when they were younger, the pain was so intent they wa nted younger, the pain was so intent they wanted to drop their hands. that is just how painful it was. why do you think there is... a class myself in this, why is there such ignorance about the extent of that, the pain that many people go through? and just how many people are suffering with that, i suppose?” just how many people are suffering with that, i suppose? ithink just how many people are suffering with that, i suppose? i think terms of other people's reaction to it, if you're not going to yourself and all you're not going to yourself and all you see is the colour changing people's hands, it is quite difficult to wrap your head around what it feels like and i think somebody once described to me you we re somebody once described to me you were to bust your hand into an icecold pond and leave it there for s

its makers, xiaomi, say it is only an engineering model at the moment, though.nese firm, lenovo, has also previously teased that it's working on a similar product. for royole, though, this isn'tjust about wearables and phones. their vision is that flexible electronics will change the way we interact with the smart home and technology generally. there is the age of internet of things, so flexible displays, flexible sensors, flexible electronics, break the limitation of the phone factor, of the surface. eventually, all of these things will be smart, will be intelligent. that is where we see the flexible display‘s future. now we've heard rumours of samsung making a flexible phone for some time and this week, we finally got our answer at their latest launch. here's jen copestake. in a big surprise, samsung not only unveiled a folding phone but announced it would go on sale in two months time, at a staggering cost ofjust under $2,000. called the galaxy fold, the phone opens up to make a 7.3—inch tablet display capable of running three apps at once. it includes a new