once held as a world leader in reducing deforestation. bernard smith, al jazeera in the brazilian amazon china, the communist party has passed a resolution that will pave the way for president cheatham paying to extend his time and power for the motion, puts him on an equal footing with the parties. most important historical figures, including founder miles i don't katrina, you reports from beijing. he has no air, no, no rival. and now she didn't. thing has been elevated to a status only one person has held before the people's liter. this week about 400 of china's health officials adopted a landmark resolution that strengthened the 68 year olds grip on power and paved the way for him to begin an unprecedented 3rd term in office. next year, an official communique released at the end of the gathering refers to she was a man of little courage. when you have this kind of messaging put out domestically and have him lived and celebrated in this way and presented as the driving force of this great effort to achieve the rejuvenation of the chinese nation. it makes people inquiring generalizing to add

about the climate crisis, and as you know we traveled the world, visited labs, we went to the amazon, chinarted investing and over the course of three funds invested billion dollars in some 70 or so ventures. many of them failed, it was hard, and in fact, some gave up. we stood by those entrepreneurs, and today their shares are $3 billion, more than the money companies like beyond meat have set the course to drive others to take action without meatless proteins and better batteries as an example. what i know now is it is very clear, we are on the verge of a catastrophic and irreversible climate crisis and we have got to act and more than anything else what we need is a plan. emily: let's talk about that plan. you have one. everyone talking about reaching zero by 2050, hourly going to do it? >> it turns out there are six big buckets of opportunity to reduce 59 gigatons of emissions to net zero by 2050, and the six are simply to electrify our transportation, cleanup our grid with solar and wind, fix our food systems, protect nature, and cleanup industrial processes like cement and manufacturi

it's china's amazon, google, ebay and paypal and more. ing the bell. >>. >> he unlocks a huge amount of economic potential. >> tech giant like alibaba showcased china e's rise to the leading edge of technological power. when xi took control over 2012, many expected him to open the country. >> there was believes among all the leaders in the west that china would integrate towards a private sector-led system. after a decade of growth, xi inherited the world's second largest economy. kmie na faces serious challenges. an aging population, crippling deaths and a slow export machine. >> a big concern is how to keep the growth going. >> they unleash the tech sector. at first the company seemed like copy cats. that changed fast. >> no one out there thought that china would be a parody with the united states in major technologies. they thought these guys would steal stuff but could not innovate it. >> china's sector exploded. china's tech was out facing the united states. tiktok taken the world by storm. china's beat out uber, jack ma digital syste

they don't necessarily have to order another one from china over amazon. handy. there is no other place like that. there is in other place where countrymen root for each other so passionately as they do here. americans love to see other americans succeed. your success is my success. you are impressive and i am thrilled by that. not envious. the fact that you are success -- succeeding said something great about this community we call the united states. that's not universal. it's uniquely ours. so i have to say, having seen this my whole life. sometimes i hear people describe a country i don't recognize at all. like i was living in some angry, filthy, crumbling city, that would be my view of american, but even in the filthy, crumbling cities there are good people. we don't need to burn it down and build back better. no we don't, actually. it's already great. this country is the best expression of human decency in the history of the world. if you don't believe that's true, tell me what is. i will give you my cell. call me when you have figure it out. and you

if it breaks they can potentially fix it, they don't have to order another one from china or amazon.sable skills. which at some point might come in handy. there is no other place where country men root for each other. so passionately as they do here, americans love to see there are morning succeed. your success is my success. you're impressive and i am thrilled by that, the fact that you are succeeding says something great about the community that we call the country the united states that is not universal. it is uniquely ours. i have to say, having seen this my whole life, sometimes i hear people describe a country i don't recognize. living in some you know angry filthy crumbling city, that would be my view of america, but in angry filthy crumbling cities there are nice people. it is rotten or terrible we need to burn it down and build back better, we don't, it is pretty great. this country is the best expression of human decency in the history of the world. if you don't believe that is true, tell me what is. i will give you my -- number call me when you figure it out, you can't, it

they don't have to necessarily order another one from china overer amazon. they have usable skills.re is no other place where countrymen root for each other so passionately as they do here. americans love to see other americans succeed. your success is my success. you are impressive, and i am thrilled by that. i am not envious. because the fact that you are succeeding says something great about this community that we call the country, the united states. there is something wonderful about that. that is not universal at all. it is uniquelyca ours. so i have to say, having seen this my whole life, sometimes i hear people describe a country that i just don't recognize at all . living in some angry, filthy, crumbling city, that would be my view of america. but even in the angry, filthy, crumbling cities, there are a ton of nice people, so i actually don't recognize the description of the country that i hear so very often, that it is deeply rotten or it is terrible and we need to burn it all down and build back better -- no, we don't, actually. it is already pretty great. ind fact, it is

it breaks, they can potentially fix it they don't have to necessarily order another one from china over amazon they have usable skills. , which by the way at some point might come in handy. they are nice. that's the first thing i notice about americans. they are nice. they are kind people. [cheers and applause] >> tucker: and if you have been to other countries and i like -- i'm about as aggressively american, i couldn't leave even if i had a passport where would i live? i have about a million children that's a problem, too. [laughter] i couldn't live in any other country just because i'm thoroughly american. but i do like to travel and a lot of cool countries around the world. one thing i always notice is that no one is on a gut reflexive will level. wake them up middle of the night from a dead sleep no one is as nice as americans. they are kind people. they cry at dog movies. [laughter] i do, too. how many other countries have like dog movies where everyone cries? probably not too many. well, exactly. don't get me going. don't get me going. that's one of my obsessions but not going to lectur

china conversation. we started with amazon and apple , amazon an issue with labor costs. don't really care if amazon is finding it costly with demand, not my problem, it is there's. i'd don't see up -- i don't see a problem with demand. with apple, tim cook talk about very robust manned. with china -- demand. with china, you see something different. with china, you see a demand issue. lisa a.: a demand issue as they have a zero covid policy. we saw data points out of china over the weekend. this is a massive story. we saw ongoing weakening and we saw producers pass along price hikes to consumers. we hadn't seen that before. the price index inflation has risen the most since the 1990's. how does that bleed into their economy, the second-biggest in the world? jonathan: em in china is more of an interesting story. lisa a.: it is interesting, not that i'm going to buy it, but i think people are looking at companies that are being allowed to fail for the first time, which is a new thing. people think this is a good thing and it perhaps means free market. jonathan: kailey leinz

we don't want to think about, but you gotta have it in your portfolio, ali baba, they are the amazon of chinae going to go up at some point in time despite all of the ugliness on the company. they just have two big of this market share in the two strong locally. sue and will you been bright so far, check the futures again and now were all the green all across the deck there and up 66 in the nasdaq deposit in new york city newly elected mayor eric adams jumping into the hot button issue of the vaccine mandates. >> were going to suggest the vaccine mandates and i stated that that would go into monday morning cornerback the mayor and he has to make the decisions printed sue and he's going to revisit the mask mandate encoded the liberal event, that is new york city, be in the brink of real change come january the first, good question will try to answer it my first considering paying migrant separated at the border 450,000 bucks per person. stuart: . biden: is not true pretty $450,000 per person is that's what you are saying, that will not happen printed sue of the aclu is calling biden's bluff an

sales slumped in china and the third quarter do to significant shortages of semiconductors. amazonng to delay the plan to take over of india's future retail with a fresh legal challenge. amazon alleges 1.5 billion dollars was diverted away from the indented future retail including to a company owned by one of its founders. it is written to india's finance minister and regulators demanding an investigation. future says the allegations are baseless. francine: laura wright in london. the countdown to christmas has begun. the impact of rising inflation will have a disproportionate impact on lower income families. coining us is fiona boal from s&p dow jones indices. thank you for joining us. we are looking at the impact on lower income families which is something that politicians around the world really need to address and readdress. food inflation in the u.k. filters into central banks. you look at the new variant, does that exacerbate some of the problems we have? fiona: food inflation is already a massive problem. more in countries like the u.s. and the u.k. then in some of the asian

china. guy: what is the amazon connection, how does it work in favor of this company, and how does amazon relatevian. ed: amazon owns 20% ownership interest in has exclusive rights of first refusal. amazon has great influence on this company. it is also great marketing boost. you have jeff bezos announcing rivian's at the heart of amazon's carbon reduction strategy. it will help, but also means he has his own products competing with that important and influential customer there is a limit, supply chain constraints and all. alix: ed ludlow of bloomberg, thank you very much. this is bloomberg. ♪ alix: coming up in the next 24 hours, lots happening. earnings from doordash and coinbase. the fed's neel kashkari will be speaking. u.s. world agricultural supply demand forecast coming up. guy: talking about the short-term energy story, i know you're also excited about that. ppi today, the big number tomorrow. cpi looking forward to see what the data delivers. liquid treat is also out, we've been talking about through been ipo and talk about that as well. our producer nicole will be paying a great deal o

almost 20,000 employees, the company say contracted the virus last year, amazon maintains only 27 potentially caught it at work. china says it's determined to hold a successful winter olympics games in 60 five days even after the world health organization warned that covid cases may surge to severe consequences. china is often counted its success fighting the pandemic well criticizing nations including the united states for their fatalities. in new york, ghislaine's kicked off. prosecutors say maxwell and epstein were partners in crime. the british socialite is facing multiple charges including conspiracy to commit sex trafficking which carries a maximum penalty of 40 years in prison. global news, 24 hours a day, on air and on bloomberg take powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton, this is bloomberg. ♪ matt: i am matt miller and welcome to bloomberg markets. from around the world, powell rattles the market, the fed chair adds to virus worries sparking a sea of red, setting the bar to the lowest since march, down by 10 basis points. we will keep you updated as the v

amazon, maybe not streamlined. when you look overseas, you go to asia, whether it is china, japan or korea, you go to the latin americanations, conglomerates still have a pretty big presence. why? >> there are scarcities those environments have that the united states has outgrown, in particular conglomerates historically have developed where there is a shortage of access to the capital markets. we have sophisticated capital markets in the u.s. that are part of the motivation for these companies breaking themselves apart when they have no longer -- no longer can improve performance. by contrast, go to a country like india or even at one time hong kong or china or taiwan, korea, there's always been an incentive to make these companies of a critical mass so they can be international competitors. to do that, you often had to amass the same company under a particular umbrella. add to that the fact that sometimes the money that was used to create these conglomerates comes from a particular family. as the offspring of the innovative founder get to maturity, they have to have something to run of their own. so the company diver

beijing said the visit challenged china's longstanding claim to taiwan. online retailing giant amazon protests and scattered strikes on this black friday. climate activists from "extinction rebellion" blockaded warehouses in britain, germany, and the netherlands. they called for improved working conditions and environmentally- friendly business practices. here at home, stores opened early for black friday, but in many places, crowds were smaller than in years past. analysts cited online shopping, concerns over inflation and supply chain disruptions. still, people lined up early, from san diego to new york. some said it was calmer than usual, but that sought-after items were harder to find. >> seems more chill. nobody is rushing. yeah, not the craziness it normally is. >> well, we came from brazil. we are tourists, and we came here to buy. i want to buy the iphone, and he want to buy the samsung 21. and they're all sold out. >> brangham: the national retail federation predicts sales will grow 8.5% to 10.5% this year. much of western washington state is threatened tonight with new flood

european union since brexit, although both amazon and visa say brexit is not the main reason for the current dispute. an increasing number of millennials in china rightly giving up their office jobs and moving out the cities -- moving out of the cities to work at farmers. nicholas rushford has the details. reporter: she had a promising career in marketing in shanghai, working with companies such as l'oreal, and sports retailer decathlon. which he found life in the big city clashed with her interest in hobbies. above all, she wanted to be closer to nature. she now sells organic pesticide and fertilizer with like-minded friends on the outskirts of the city. >> what do you really want? what kind of person do you want to be? what are your beliefs and goals? these questions are totally lacking in our generation's education. i needed to spend time doing my own during, because if i didn't, i would spend each day try to make money, like a robot. i don't want to be a robot. reporter: the chinese government says around 20 million people have joined what it terms a new farmer movement. this former advertising executive from guangzhou in southern china, sa

in person a xijinping of china, vladimir putin of russia and jair bolsonaro of brazil, countries seen as key to the summit�*s success. brazil is home to the largest area of amazonest, one of the world's greatest defences against climate change. but as our international correspondent, 0rla guerin, reports from rondonia state, deforestation of the amazon has soared to 12—year high under president bolsonaro. the amazon dream. a forest haven combating climate change. but the reality can look like this. no more tree canopy, the land stripped bare for planting crops. we were shown how easy it is to plunder the amazon. just one man and a chainsaw. well, we're making our way, now, deeper into the forest. we're being led to an area where illegal logging is taking place and here we're at the edge of a national park, an area that's supposed to be protected. but campaigners say illegal loggers have a green light from president jair bolsonaro. they accuse him of carving up environmental protections and fuelling climate change. miguel isn't worried about the planet, he's worried about his family. his handiwork, seen from above, every tree that falls here releases carbon diox

and amazon, i've spoken to said it is very positive. now they say overall, the direction that china is moving in is very positive. they don't really have qualms about the overall direction. what is a problem, however, is the speed at which china is moving currently with those targets in mind, to be called the neutral 2060 pekin carbon. by 2030, we will not be able to achieve this limit of temperature rises of 1.5 degrees celsius by the end of the century, because she will not be attending call 26 this week that is further damp. and any hopes that china will be making any further concessions. that's katrina you're reporting from beijing. thank you. katrina, on to other news and yemen. information minister says who the rebels have killed a number of civilians in the city of moderate says 29 people were injured or died in an air strike. that's after saudi state. media reported the saudi led coalition and killed these 218 days in m. r. e been the past 3 days. that it is began the push to take control of the oil rich province back in september. murray is the last stronghold of the intern

amazon. you name it. >> it unlocked a huge amount of economic potential. >> tech jints like alibaba showcased china's riseer. when xi took control in 2012, many expected him to continue to open china's economy like his predecessors. >> there was a belief among all of the leaders in the west that china would continue to integrate towards a private sector-led system. >> after decades of growth fueled by china's private sector, xi had inherited the world's second largest economy. but china also faces serious challenges -- an aging population, crippling debt, and a slowing export machine. >> a big concern for the leadership was how to keep the growth going. >> so they unleashed the tech sector. at first, the companies seemed like copycats. that changed fast. >> no one out there thought that china today would be at parity with the united states in major technologies. they thought these guys would steal stuff but they couldn't really innovate. >> by 2020 china's tech sector had exploded in size and impact. in some areas china's tech was outpacing the united states. tiktok had overtaken the world. dee dee beat o

amazon's busiest all year. it is backed by a coalition of labour groups, trade unions, grassroots campaigns and non—profit—making organisations in individual countries. with just a few months to go to the winter olympics, chinad snowboard cross. but despite repeated calls from the olympic committee not to politicise the event — some countries are considering boycotting the games in light of china's human rights violations and the recent concerns over the wellbeing of chinese tennis star, peng shuai. 0ur china correspondent, stephen mcdonnell, has been to the venue, to see how the country is getting ready for the olympics despite all the controversies. the way to see if you're ready to host the olympics is with test events. and beijing is holding them right now. beijing wants spectators at the games and has already tried this out at the sliding centre. but tennis star peng shuai sent shock waves through the preparation process when she accused a former government leader of sexual abuse. there's also the recent coronavirus outbreak, straining this country's zero—covid strategy. precautions are high at olympic venues. so, i'm getting off a dedicated media bus here, just to show you that we're part of a, kind of

next year, wang is china's 2nd women in space after you yang, carried out a mission in 2012 and a run. you can catch up any time with our website. the rest of that is amazon dot com and histories for you. at any time you will see can now watch us live on there by clicking on the orange line icon out of there dot com ah top stories, we're down to 06 palestinian rights groups recently designated terrorist organizations by israel. say some other activists who had their phones hacked. i say the israeli spyware tool pegasus was used on their phones for more than a year. and investigation found that 6 mobile.

china relations, president biden met virtually with chinese leader xi jinping. the meeting was the first extensive talks between the two since biden took office. >>> amazon has reachedement in a dispute alleging the retail giant failed to properly notify california employees and health agencies of possible-covid cases. the company agreed to be monitored by california officials and pay half-a-million dollars to help enforce state cnsumer protection laws. >>> and some of the world's biggest music legends hit the auction block this week, including this guitar played during a 1970 eric clapton concert. it is expected to fetch up to $500,000. for more news, download the cbs news app on your cell phone or connected tv. i'm elise preston. cbs news, new york. >>> this is the "cbs overnight news." >> good evening and thank you for joining us. we are going to begin with a stunning development in the investigation into the deadly insurrection at the u.s. capitol in january. steve bannon -- president trump's former-chief strategist -- not only turned himself in to federal authorities today, he live-streamed his way into u.s. custody. mr. trump has directed bannon and other alli

amazon for reportedly hiding it's covid case numbs in its workplaces in california. >> the strong words from the commander in chief during his summit with the president of china.t's tuesday, november 16th. >> we will start with a look at traffic and weather with mary. it's foggy. we have been seeing that fog. >> here we go again. dealing with that dense fog. with the dense fog advisory. and east bay valleys until 11:00 a.m. the areas highlighted in gray. we are talking about santa rosa and nevado, concord, livermore, antioch and pleasanton. be careful if you are about to hit the roadways. slow down. use the low beams and the car in front of you and we will have more on that. there is the fog. i know it's hard to see. it's covering the view on the sutro camera. looking at temperatures in the low to mid50's. as we go through the day eventually we will see clearing with partly sunny skies. checking the daytime highs, warmer compared to yesterday. low 60's along the coast. 65 in san francisco and 67 in oakland. mid to upper 60's for the peninsula and high inlands upper 60's. 70 in concord this afternoon. we will talk more about that seven day forecast. let's check

china has opened an embassy there in recent years. it is coming to a head now, it seems. yvonne: thank you with an update, our sydney bureau chief. amazonying to delay the planned takeover of india's future retail by mukesh ambani with a fresh legal challenge. amazon challenges billions of dollars were channeled to a company including one of its founders. it has written to india regulators demanding an investigation. daimler's north east asia chief says chinese demand will be positive next year. demand for premium luxury cars remains high in china amid generally strong buying interests for models including their mercedes s class, g class. blackstone has reportedly begun direct discussions over its crown resorts bid, with the casino operator's largest shareholder consolidating pros holdings. he has yet to make any public commentary about this offer. crown has also not responded to the bid. time for morning calls ahead of the asia trading day. looking at the snow when it -- this note when it comes to ratings. price pressures pose a greater test for emerging-market sovereigns, because they are exposed to greater currency instability. fitch

china by chinese company -- companies so there is less reliance on u.s. suppliers emily: check that out -- u.s. suppliers. emily: check that out on bloomberg.com. thank you for joining us. amazon decided not to go ahead with a major office expansion injures a city below for matt kelly realty. bloomberg had reported amazon had been close to a lead for roughly 400 thousand square feet on the new jersey waterfront. bloomberg has learned the deal fell apart after amazon backed out last minute. coming up, peloton moving higher after saying it will sell about $1 billion in stock. could this be the you turn the company needs to keep the post-pandemic momentum going? we discussed next. -- we discussed next. emily shares of peloton rising, the maker of bikes and treadmill saying it will sell $1 billion worth of stock. shares have fallen since peloton/annual revenue forecast by as much as $1 billion. mark joins us now with more. what exactly does this share offering mean? mark: this means there is a secondary market of shares that peloton is selling to investors to build up more capital. they expect to build more than $1 billion in capital. their share price is in the mid-$50 range. the

china's communist party. he said today that he regrets it and should not have made the comment. he said he was trying to the size the longevity of jp morgan. amazons spending $4 billion on logistical efforts to make crickets packages to customers on time. that could wipe out the company's profit during its most important three months of the year. amongst the added cost, hiring cargo ships and 100,000 more workers, boosting pay and offering bonuses. the annual outlook at deere indicates record profits are ahead for the world's largest farm equipment maker. strong demand is driving agricultural prices to their highest level in years, leading farmers buy new equipment. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ pres. biden: we still face challenges in our economy. disruptions related to the pandemic have caused challenges in our supply chain which has sparked concern about shortages and contributed to higher prices . moms and dads are worried, asking will there be enough food we can afford to buy for the holidays.

china, but what role did the uned states play behind the snes? will get the latest and speak with an indigenous leader from the ecuadorian amazon who attended glasgow. >> the sacred headwaters initiative is proposing a permanent protection. we have said, no more oil drilling. no more mining. we do not want more logging. we do nowhat extraction. this is basically a call for humidity to stop the destruction and criminal protect this important area. amy: plus we will speak with the reverend william barber about the trial of three white men in georgia who killed ahmaud arbery, the black jogger. lastly, a lawyer for one of the men said black pastors in the courtroom are intimidating the jury. >> obviously, they're only so many pastors they can have. al sharpton, that is five step that's it. we don't want anymore black pastors coming in here, jesse jackson, whoever was in here earlier this week, sitting with the victims family trying to influence the jury in the case. amy: black pastors plan to march outside the courthouse on thursday. we will speak to reverend barber. all that and more, coming up. welcome to democracy now, democracynow.org, the war and

china's sweeping personal information protection law went into effect. this limits the information companies can gather and how the information can be stored. an electric car startup backed by amazont week. rivian automotive i i i market valuation of nearly $55 billion. they are developing delivery vans for amazon, which has a 20% stake in the market. its best-known products are an electric pickup that has beat tesla, gm, and ford with its debut on the market. let's take a live look at th lok new york stock exchange, trading is getting underway this morning. we are down by less than a point. a grocery store that used to be open 24 hours is slashing its hours. safeway and san francisco will be only open until 9:00 p.m.. it says it is because of increasing theft, a move move that is becoming common. target also slashed its hours. the supervisor says theft has gotten really bad and he is reaching out to police to come up with a solution. >> it has reached a level in the past six months that is unprecedented in the industry and unprecedented for that location. kumasi: and that's despite this, safeway locking up piles upon aisles of merchandise behind cases. in a statement, safeway tel

transformational growth stories, the amazons and netflix and, of course, tesla, looking near term at earnings i think you don't see far through the trees. i view some of the parts i think chinarth potentially $300, $400 to the story. you look at what will be a $5 trillion market they own 80% of, this is a company into the next years -- i think ev, could it go from 3% of automotive to potentially 10% in did next two to three years that could be $25, $30 of earnings power for tesla that's why i believe it is a name, we saw a tipping point the last few weeks you see it in the stock, but i don't think it is really a pull forward. i think this is just starting. i think the next phase of the tesla bull thesis. >> finally and quickly, is there anything musk could do with the shares or sort of with tesla that would alarm you from, you know, the standpoint of reaching those objectives you just described? >> well, i think right here it just needs to be containable i mean everyone knew about the august expirations, so 10%, that's containable if it starts to be more of a cascade and more selling, that could create more of a negative. but for right now, we continue this as a name that ha

connell mcshane there at amazon, looks like things are moving along nicely. quick break and then catering to china variant, yes, we couldn't name it xi, could we have? next. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care. maria: welcome back. tensions continue to rise between china and taiwan, taiwan forced to deploy its air force yesterday in an effort to drive back 27 chinese aircraft that entered its air defense space once again. this comes on the heels of a three-day meeting between chinese president xi jinping and his top generals, joining me now is the heritage foundation senior he research fellow for asian studies center, dean chang. great to have you.

amazon is prepared to sacrifice profit this quarter for logistic workarounds to get products to customers' hands on time. it favors dispatching half-empty trucks and increasing pay for seasonal workers. in chinagovernment's extreme zero covid policy is standing in the way of a full recovery for the shipping industry and could prolong the global crisis. it involves a six week-quarantine for seafarers and a two week wait for sea vessels that have refreshed their crews. shery: the supply crunch that has helped drive inflation to multi-decade highs shows some signs of easing in the u.s., but it is still increasing in europe. the latest readings of global economics indicators show shortages in the u.s. becoming less severe. the situation is worsening, though, for the euro area, with inflation rising, and other data suggesting a labor deficit. the picture is similar in the u.k., who's supply constraint indicator gauge hit a fresh high in october. the situation exacerbated by trade frictions post-brexit. bloomberg terminal users can read more about the stories in newsletter "supply lines." paula: opec expects oil stockpiles about to be released by consuming nations could massively swell the surplus