and finally, if all your lockdown needed was a robot sort of cat that talks and breaks wind, then panasonicrobot that can wink, wag its tail and respond to being patted and hugged. fa rts. it was the cat! spencer, what on earth are you up to now? don't mind me, i'm just trying out a new fashion collection in the form of an instagram filter. bit weird, innit? but what's happening? i can't see anything that looks like a new outfit. yeah, this is more art than fashion, if i'm honest. the images that you see on my face right now have been generated by machine learning. chinese luxury label mithridate created real—life clothing first, which has been showcased in an interactive digital world. woman: last night, i dreamt of machine thinking. - but the fashion collection was also fed into an a! model by artists in la, and it's machine learning that created the abstract patterns and artwork displayed online and on instagram. our input is hundreds and hundreds of images of textures, close—ups of accessories, buttons, full looks, and also the output is what basically the machine has made sense of all

panasonic getting more than 5% after raising their profit outlook.w raising their target and outlook on stronger sales for several units and they are saying they expect the business that supplies batteries to tesla to be profitable for the period so we have some big gainers across asia. still ahead, changes at the top at amazon. jeff bezos surprise decision to hand over the reigns later this year. plus, alibaba offered a few clues into how beijing's crackdown on big tech will impact its bottom line. duncan clark joins for an earnings review. this is bloomberg. ♪ h■Ñsrú ■nga■■ shery: news of a leadership transition that amazon has overshadowed earnings results that smashed estimates. jeff bezos to be succeeded as ceo by andy jassy. let's get more with our west coast reporter, ed ludlow. not much a surprise when it comes to the succession, but what does it mean for the company? ed: not much of a surprise. he was the head of the consumer business. andy jassy was basically the most likely candidate to succeed jeff bezos. the timing perhaps is a little bi

they are selling this back to panasonic and plan to do it with other battery companies as well.y, wow, we've got a problem that needs to be solved. >> hey, phil i guess it was a rhetorical question at the top but i'm guessing i have at least 12 to 15, 12 to 15 cell phones and other batteries sitting around here am i sitting on a bunch of digital gold, bitcoin money in my drawers can i make money off of this, too? >> no. no, you can't. you can take them to somebody. here's the problem, becky. where do you take your old phones to be recycled? i guarantee you 99% of people do not know >> i don't know. >> that's why they're sitting in my drawers. >> redwood materials are working with third party vendors who are saying, okay, whether we work with a retailer who says -- like a home depot bring in your old cordless drill batteries and we'll recycle them >> get rid of them. >> ultimately they have to go somewhere. you can't send them to a landfill so they send them here to be recycled this is just -- they're scratching the surface in terms of what needs to be done >> phil, we're totally

and finally, if all your lockdown needed was a robot sort of cat that talks and breaks wind, then panasonicd to being patted and hugged. fights. it was the cat! -- farts. spencer, what on earth are you “p spencer, what on earth are you up to now?— spencer, what on earth are you up to now? don't mind me, 'ust t in: up to now? don't mind me, 'ust trying out — up to now? don't mind me, 'ust trying out a fi up to now? don't mind me, 'ust trying out a mi up to now? don't mind me, 'ust trying out a new fashion i trying out a new fashion programme in the case of an intimate —— instagrammed filter. a, intimate -- instagrammed filter. �* , . ., �*, filter. a bit weird. what's happening? _ filter. a bit weird. what's happening? i— filter. a bit weird. what's happening? i cannot - filter. a bit weird. what's happening? i cannot see | happening? i cannot see anything that looks like a new outfit? , , ., outfit? this is more art than - fashion, the images you can see on my face have been generated by machine learning. chinese luxury label mithridate created real—life clothing first which has been showcas

they then take it to panasonic plant where they are buildin the battery cells that ultimately go intoehicles. the ceo of redwood materials started this, j.b. straubl the former number two at tesla, and he says it is all about making sure that there is enough supply for the future generation of ev batteries. >> it is so important, because electrification and the movement toward electric vehicles is entering the steep part of the s-curve. so it is important solution to sustainability, but equally important that we both deal with the end of life problems before it is overwhelming. >> take a look at the chart. this is going to say it all. the energy research advisers believes that by 2030, look at the demand in ev batteries that is skyrocketing, and this is if you take all of the word of the battery makers and automakers and startups that say we are planning to build this many electric vehicles and do we have supply of cobalt, lithium, and nickel, and nowhere close to it. nowhere close it to, and that is where the redwood materials coming in, because they can take the old batteries. >> th

: so what do they do with the materials that they recycle here they ship them up the road to the panasonicatly plant at the tesla factory. they're testing building cells with renewed or recycled material shep, they're just scratching the surface here believe me, there are millions upon millions of old lithium-ion batteries here i'm sure many in a lot of drawers around the country, people who had an old cellphone, threw it in the drawer and they've forgotten about it >> guilty as charged phil lebeau, thank you >>> facebook refriending australia, and that's what is topping cnbc's "on the money." >>> the social media platform lifting its ban on news content down under facebook had blocked access because of a bill that would have forced them to pay publishers for content australia's government today buckling to the pressure and announcing it would change the law to give facebook the ability to negotiate deals >>> jeep facing pressure to drop the name cherokee from its popular line of suvs the principle chief of the cherokee nation says there is no honor in plastering the name on the side of a

panasonic. south korea, house cold -- household income data. that has stayed sluggish along jobs.o raise warnings around the divergence with as places. the kospi is up 120% from the march low. we are seeing it off by 2/10 of 1%. the korean won affirming the level. off to percent year-to-date against that. capital outflows increasing with a foreign exodus outside of the korean won. switching out the board. earnings and focus in australia. shares gaining ground more than 2% on a record profit report for the first half. the offshore yuan back above 640. we will watch to see if the people you see may make an effort to curb enthusiasm or provide liquidity action following the lunar new year break. after a mixed session on wall street, u.s. futures little changed. cash treasury coming online with a tick higher in the 10 year yield. flattening overnight given the reaction to the fed meeting minutes. wti extending gains into a fourth session. u.s. oil output falling. the dynamic edging out the question around inflation a little bit right now. haidi: let's get more on those markets now. ou

panasonic also raising sales forecasts for the fiscal year, saying they expect the business to be profitable:29 p.m. here in new york. former ecb chief mario draghi has been approached to become italy's next prime minister. in a bid to steer the virus-battered country out of the worst recession since the end of world war ii. the euro climbed on the news the veteran policymaker. they will meet after two rounds of talks failed to seal a new premiership for the outgoing giuseppe conte. in tokyo, it is insisting the delayed olympics will move forward, despite the coronavirus state of emergency there. the president of the organizing committee says the event will take place no. take place no matter what happens with covid-19. a final decision is expected in the coming weeks. the olympics will feature 11,000 athletes. hong kong retail plunged in december as demand was curbed. fell more than 13% from a year earlier to just over $4 billion u.s. however, that was marginally better than the estimates seen in a bloomberg survey. declines were reported in food and drink, and at department stores, althoug

we will get panasonic to report. mizuho among those reporting. that stock gaining ground. nintendo on the back of their earnings. we are seeing the nikkei 225 voting 28,000 points with that softer yen providing a boost, crossing that 105 level for the first time since november overnight today, we are seeing the dollar under pressure and as we wait on the potential extension of a state of emergency in japan, gdp generators wanting to see what this may mean. checking on what is going on in south korea, we will see if there's any lines regarding a fourth line of cash handout. the won under pressure this morning we have the latest inflation data to assess as well. dpi rose slightly. the price target was boosted to $1200 and keeping an eye on what any developments they had around shortselling. they warned of market volatility amid calls to permanently ban the practice in south korea. let's look at what's going on in sydney. aussie shares are rising while bonds are under pressure for a third session ahead of the rba decision. u.s. futures, we are seeing them gain some ground whi