. ♪ thanks to avalara, we can calculate sales tax automatically.larahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh ed: google play deliberately weild monopoly power. this is after a month long trial . fortnite games accuse google and apple of being the duopoly enriching themselves by charging developers excessively high fees. most bring in bloomberg colleagues. what was that they decided on a why? >> they found google operates monopoly power and pay different people and gaming companies and smartphone makers to make the google play store the soul app store on several phones. it's a little different than the apple store. it does not allow any other app stores on the phone and that has long been its policy. and with google there were all kinds of payments to ensure that the google play store was the best and most accessible access point for people using android phones. those p

. ♪ thanks to avalara, we can calculate sales tax automatically.hh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> clicks aircraft times this is a good opportunity. is it a sign that the gap narrowing to be able to take the challenge and they need high-volume from commercial aircraft. it takes time. we are forecasting in the next 20 years to deliver 500 aircraft in china. utilization is quite low compared to other aircrafts. that is not .7 hours. much higher than any other >> no country can claim to have an entirely aircraft but if you look, how much of this is really made in china? i'm talking about the components. can it be truly called a chinese aircraft? >> that is a tricky question. we know that a majority are manufactured overseas from out of china, but more capability in the future. >> you mentioned some projections could and china. that is the airlines are being back by c

. ♪ thanks to avalara, we can calculate sales tax automatically.rahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh a few years ago, i came to saona, they told me there's no electricity on the island. we always thought that whatever we did here would be an emblem of what small communities can achieve. trying to give a better life to people that don't have the means to do it. si mi papá estuviera vivo, sé que él tuviera orgulloso también de vivir de esta viviendo una vida como la que estamos viviendo ahora. es electricidad aquí es salud. vonnie: this is "bloomberg markets." i'm vonnie quinn. elevated interest rates and low office demand, still shaking the property market. $80 billion in the third quarter, the highest level in a decade. let's discuss more with lauren gilchrist and abigail doolittle. lauren, let me ask you, the fact we are seeing interest rates come off a little b

. ♪ thanks to avalara, we can calculate sales tax automatically.larahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com ed: it is time for talking tech. montenegro plans to extradite the disgraced tycoon do kwon to face charges in the u.s.. he has been jailed in the balkan country since march and denied -- and has denied committing fraud following the collapse of terrausd. touchscreen technology health centers and their face id interface leaving the company according to bloomberg sources. finally, november was a banner month for online marketplace temu following black friday. sales jumped 29% from a month ago to a new record, almost triple observed sa

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxates or filing returns. avalarahhh ahhh jon: this is bloomberg markets. time for our stock of the hour. spotify shares adding to their gain on the year, which now's hands at around 150%. investors keeping a close eye on the cost-cutting campaign at the company. today, spotify eliminating 1500 positions. we want to bring in ed ludlow, who has been tracking the story. we just got through a conversation about an uncertain economic outlook. if you are spotify and trying to stay lean four uncertain times, this would play into that? ed: yeah. it is also about the bottom line. for all streaming platforms, there has been a question about profitability. everybody is stating the positive impact this will have on their operating margin going to worry. it is the third time they've have trimmed the workforce this year. 1500 people. what daniel said in his statement is they considered smaller trims over a period of time but decided the best way to go is substantial cuts, making sure that those remai

. ♪ thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh francine: from taiwan, human rights concerns to covid, china's relationship with the u.s. has been rocky. in recent months, washington has sent several high-profile officials to beijing to improve ties. but will anything change? i continue the conversation with nancy pelosi, a longtime critic of the chinese government. when you look at geopolitics, what scares you the most? rep. pelosi: there are three things, one is security. security, security, security. so important. security. secondly is economics, how do we relate economically, because that is the strength of all of our countries to do so in a shared manner. and governance. governance. what is the strength of the democracy in your country? how do you treat people and respect them? what is the integrity of

this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically.ates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh shery: you're watching daybreak asia. city banks group chairman says the environment for m&a should get better after a muted year. they told us more about investor appetite for deals. >> investor appetite is there, they want to see strategic rationale and understand the timeframe because if it takes two years they have to factor that in and they want to see the value enhancement. investor reaction will be something everyone focuses on but strategic transactions have done fine and the issue has been long-term regulatory impact, how long it will take and what will be the legal issues. >> what about interest rate because we have not talked about the 10 point $8 billion deal. mega deals have been two of the top three deals in energy. without drive m&a? >> the environment should get better.

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratest 20 three minutes past seven on the west coast let's get to the startup where we cover the top tech stories from the bay area and beyond. joining is now is ed ludlow. we have to talk about some reporting out in the last 24 hours that you were one of the leads on in regards to spacex. this is now accompanied it could be worth $175 billion or more? ed: in some ways, it's not surprising. the surprises the timing of the financial instrument which would value them at that amount. this is a tender offer or a secondary where long serving spacex staff can sell the private shares to investors. the company is not issuing any new equity. they are basically saying we will let employees get some liquidity in the price of those shares is agreed between the company and a venture firm or investment firm that leads around. what we have learned is right now the conversations around $95 per share which is a big jump from the low 80's where they were this summer and would value spacex at more than 175 bi

thanks to avalara, we can calculate sales tax automatically.h filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh alix:alix: we take a look at what is buzzing on wall street. first, a bloomberg scoop, ubs trying to claw back bonuses from credit suisse defectors. what is going on here? >> credit suisse is struggling through a money-losing quarter. it awarded some of its directors cash bonuses come a bit to try to retain talent as it was moving through these scandals. there were some strings attached to bonuses, that if the employees left within three years they would have to pay some or all of the bonus back, plus income tax. ubs has decided to go after some of that money, looking to recover about $1.4 billion, and ubs wants to recover a figure that is less than half of that. it has lawyered up and is threatening legal action to any employees who do not hand over the money. guy: in terms of -- what does it say about

. ♪ thanks to avalara, we can calculate sales tax automatically. what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. (adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. alix: you are looking at live pictures of the principal room. joining bloomberg television and -- this is bloomberg. >> consumers have been really reserving judgment and the declining sentiment but we are back where we were from the summer. consumers are feeling more positive in particular for the fed about -- alix: speaking to us last week, tomorrow we will get a readout on the economy with readout sales. with more, we are joined by the bedrock manufacturing ceo. a

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesemption certificates or filing returns. avalarahhh ahhh ahhh ahhh a few years ago, they told me there's no electricity on the island. we always thought that whatever we did here would be an emblem of what small communities can achieve. trying to give a better life to people that don't have the means to do it. si mi papá estuviera vivo, sé que él tuviera orgulloso también de vivir de esta viviendo una vida como la que estamos viviendo ahora. es electricidad aquí es salud. ♪ ed: time for talking tech, and first up, gina raimondo says if the u.s. truly wants to stop china from making cutting edge semiconductors, that her department is going to need more funding. on saturday, she also urged american chip companies to prioritize national six dirty over there revenue. in one of the chipmaking industry's most valuable suppliers is sinking deeper into debt despite holding more than 90% share. the chemical based in japan has not listed prices because of fears it would scourge relationships with

. ♪ thanks to avalara, we can calculate sales tax automatically.valarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> as i've said before, america's fundamental economic strength means that we have nothing to fear from healthy economic competition with china or any other country. i and other u.s. officials have repeatedly stated that the united states does not seek to decouple from china. this would be damaging to both our economies and what have negative global repercussions. rishaad: treasury secretary janet yellen, repeating that washington is not looking to decouple from beijing. to underline that she announced she would visit the country again next year, agreeing to impress xi jinping to shift away from state driven approach towards encouraging private investors, saying there is room for enterprises. u.s. companies long complaining about unfair business environments i

. ♪ thanks to avalara, we can calculate sales tax automatically.what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh ( ♪ ♪ ) ( ♪ ♪ ) ♪ (when the day that) ♪ ♪ (lies ahead of me) ♪ ♪ ( seems impossible to face) ♪ ♪ (a lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ a bank that knows your business grows your business. bmo. (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ guy: this is "bloomberg markets." coming up, and interview with the u.s. trade representative. 2:00 -- 2:30 p.m. in new york. this is bloomberg. this is an important story. the sfo has made an arrest after a raid in london at the home of an aviation industry executive. i think this happened yesterday. it's a case of suspected fraud related to the selling of fa

when you automate sales tax with avalara, you don't have to worry about things like changing tax rates. avalarahhh ahhh ahhh ahhh fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. romaine: welcome back to bloomberg markets. looking at the big moves in the interest rate market which is already starting to take pressure off the stressed real estate market. earlier today, we learned u.s. residential mortgage rates got below 7% for the first time since august, commercial real estate rates also started to come down as well. let's talk to real estate developer nikki naptali. also abigail doolittle. great to have you on the program. c

. ♪ thanks to avalara, we can calculate sales tax automatically. tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com the power goes out, and we still have wifi to do our homework. and that's a good thing? great in my book. who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up. plus, now through december 31st, eligible xfinity rewards members can get 25% off a storm ready wifi device. guy: i hope your christmas shopping is going well. to be honest, nothing is happening in the equity markets. we thought the cpi would be a catalyst but

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxrtificates or filing returns. avalarahhh ahhh ahhh ahhh jon: this is bloomberg markets. time for our stock of the hour. we are talking retail. canada goose, that stock has been finding its groove recently. it has struggled over the course of the year. but toronto-based company quickly has been doing beyond its signature coats. it is opening more stores in countries like the u.s., china and japan. given some of the recent economic worries, we caught up this week with the ceo. i asked about the company's growth prospects. >> i'm very encouraged. traffic in our stores is up. people are engaged by our brand. they are coming into our stores more than the ever did in the past. consumers are interested in our proposition. we see that in the number. jon: this is now a global brand. obviously, you are continuing to grow substantially in north america. you have operations that are growing in china as well. how would you characterize that market right now? dani: china is doing really well. starti

. ♪ thanks to avalara, we can calculate sales tax automatically.larahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> we are back. netflix. the first time follows labor unions and major studios. yvonne: i am all wrong. the list did surprising. the number one most-watched. the glory. we are seeing these stocks. rishaad: [indiscernible] yvonne: the glory. rishaad: yeah. [no audio] i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. the power goes out, and we still have wifi to do our homework. and that's a good

. ♪ thanks to avalara, we can calculate sales tax automatically.ax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh haidi: israel's military is expanding its operations further into the southern gaza strip. the stepped up fighting comes after increased warnings from the u.s. to limit civilian deaths. this is a new dimension to what we have seen in this conflict. >> basically the israelis are moving to the south. there is still fighting in the north. there has been some border conflict that has been some of the most intense fighting. in the south, the is raley's are hitting the second largest city in gaza and it is a hometown of the man who leads hamas. there are some theories that is where the hostages are being held. that is likely to be the next main target. some reports say this will be the most significant next battle to take control of the gaza strip from the is really side. but 70% of gaza

. ♪ thanks to avalara, we can calculate sales tax automatically.ates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. haslinda: welcome back. you are here with "bloomberg markets: asia." saudi energy minister prince abdulaziz bin salman says opec plus cuts by members can stay through the first quarter if needed. he pledged the curbs would be delivered in full. >> i honestly believe that the best decision we made was to delay the meeting. i honestly believe that the delivery of the 2.2 will happen. i honestly believe that 2.2 million will overcome even the huge inventory build happening in the first quarter. i also believe that -- it is almost as if we are working with a checklist. and on that checklist apart from the volume and commitment is to give the market a signal that this 2.2 million are not going to come first simply bec

. ♪ thanks to avalara, we can calculate sales tax automatically.what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh hey! sarah! if you had to chooseh would you listen to elevator music all day or deal with payroll compliance? payroll compliance, for sure. gusto automatically calculates and files my taxes for me. hold up, compliance? easier? choose payroll compliance without the ups and downs. shery: welcome back. the final day of the cop28 climate talks in dubai went into overtime. the first draft of a deal designed to bridge the gap have been criticized as too week by many nations. bloomberg su keenan joins us. we have continued to see the diversions and opinions in those discussions when nearing a final text -- are we nearing a final text at this point? su: there were meetings into the early morning wednesday hours in dubai, and the last minute negotiations were fired by optimism on t

. ♪ thanks to avalara, we can calculate sales tax automatically.hat if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh shery: breaking news out of japan. the trade minister says his tendered his resignation. he was a key player in japan's efforts to revive its semiconductor industry. he was also among the members of prime minister kishida long ruling democratic party, accused of consumer link -- concealing income. fumio kishida had already said he would reshuffle his cabinets and his name had been floated as one of those cabinet members that would resign. we are now hearing from the trade minister himself that he submitted his resignation. haidi: yeah. and of course the other stories we are watching closely is country garden, particularly in light of the fact that we saw somewhat surprisingly that repayment that was not expected of that yuan dollar note, the bond payment being made. we are

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesreturns. avalarahhh ahhh hey, brent! if you had to choose, would you watch paint dry or compare benefits plans? compare benefits. gusto makes it easier to find the right plan for my team. i think i'm going to need new glasses. no problem. you're covered. choose benefits without the mess. haidi: israel has rebuffed mounting pressure to halt the military campaign in southern gaza as the death toll ammounts. the united nations warned there is no safe place in the territory. let's get more from bloomberg's michael heath. it's being called a new bloodiest phase of this conflict, intensifying bombardment. michael: the palestinian health authority in gaza which is run by hamas says there has been 1000 deaths already which takes the death toll to 16,000 people. extraordinary numbers. we are in the 60th day since the initial attacks on israel so these are huge civilian tools. as the u.s. and said, there is no safe place to hide. we are talking about 1.8 million people being crammed into a very