the next growth driver for internet will be ai, and baidu brain is the core of the baidu ai technology coming to promote the next stage of growth. shery: autonomous vehicles are very popular, and you just received approval from california to test drive them on roads. what can baidu provide for the car market, compared to apple and google? robin: i think we have a number of advantages. we have been doing mapping for over a decade. autonomous driving is heavily reliant on high-definition maps, and we have the best technology for that. also, the chinese government is very friendly to self driving cars. they gave us favorable terms. for example, they would have a controlled area for us to test self driving cars. we have invested in ai technology for the last five to six years, and self-evident cars are heavily reliant on image recognition and computer vision. we are at the very front of this kind of technology in our cars, making progress almost every day. as you mentioned, we now have a permit on california roads. when will he challenge is on that end? robin: it is kind of normal, for som

when you put these pieces together, baidu is well positioned. >> baidu recently won the right to testia. are you late in the game? it is becoming a crowded space. vision that many people share with us. california isg in one. we do have a research institute in the silicon valley area. in china, we also do many tests. ral conditions are much more complex than other countries. the main market we aimed towards is that china market, and for autonomous driving, it will , the tremendous value issues it can address, traffic jams, pollution, and many of those issues can be helped by the autonomous driving, so of course we want to make sure we have multiple locations to test our vehicle to move forward with the technology advancement. what is china's approach to artificial intelligence? will they play less of a role compared to other countries? if i look at the past 20 years, the internet industry has been an important driver for china's economy. it has gone first through the pc age, and in the recent 2-3 years, the mobile age, and now we are looking at the artificial intelligence age. artifici

was chatter earlier that baidu could be in merger unit talks, but baidu says that is not true.could he giving the shares a boost. we have alibaba nicely higher on the day after the company entered into a pact that should boost chinese e-commerce. have yahoo!,s, we a u.s. internet name trading higher, considering it has a big stake in alibaba. abigail doolittle at the nasdaq. thank you so much. and as technology advances jobs are increasingly sent overseas, americans are becoming more anxious that their occupations may become obsolete. most is the anxiety justified? white men and those with less education are those likely to find themselves in a market where the jobs are shrinking. is the chief economist at an online career website. lots of interest during this campaign season about to is feeling economic pain and who is feeling economic anxiety. you looked at it in a novel way. describe your findings. the percentage of people in jobs that are likely to shrink, every couple of years, places wheret has jobs are likely to decline because of automation and so on. what we find is th

matt: with the baidu ceo robin li. nejra: various food industry groups, challenging the state.ct gml labeling law. we will get into this story up next. this is bloomberg. ♪ nejra: groups have agreed to dismiss a lawsuit challenging the genetically modified organisms or gm owes. it marked the end of a years long legal battle and comes just over a month after the president signed a bill and creates the nationwide labeling system. bloomberg reports in washington. >> the federal law the president signed in late july creates a nationwide mandatory labeling system for gml foods and keeps states from enacting their own labeling laws. it makes the vermont law irrelevant and that's the lawsuit challenging that. matt: what does it mean for businesses? >> canceling a lawsuit doesn't impact businesses but once important to note is that the vermont law was the impetus for the federal law. the attorney general of vermont says he will no longer enforce that law. nejra: does anybody benefit here? >> vermont says fighting the lawsuit was worth it because it rot gtmo-- brought gmo labeling to th

as you see an uber ucf baidu -- you see a baidu. most likely they lose. emily: that was robin chan.s acquired an machine learning startup software for an undisclosed amount. it specializes in analyzing big sets of data. it is apple's third a ideal this year -- third a.i. deal this year. and amazonebook, compete to develop their own virtual assistants. welsh joinsck "bloomberg " as a guest host. and filters, stickers, emojis. we will speak to a silicon valley content investor who thinks soon we will be chatting with pictures. this is bloomberg. ♪ emily: southeast asia's flagship right healing service grab teaming up with economy to create self piloting taxis. until now, self driving technology has not been a per year ready for grab as it has been for uber. it meets a local government eager to cut car ownership and congestion. for now, they are missing a manufacturer but nutonomy says they are actively looking for investors. jab, ajim jeb, -- jib company will now be embedded within apple i message. these are tools that allow you to customize filters, adding filters and effects. th

you can find much more and plans online at the city for the >>> north carolina obtain the baidu report on the deadly officer involved shooting in raleigh on donald ross drive. 24-year-old was shot and killed by police. the officer was shot , wounded in the incident. he's expected to be okay. caller is terry's girlfriend. there's much more on the full report. you can read it online at wncn.com for the >>> after spinning -- spinning 20 22 years in prison, a man is getting used to the outside. a judge overturned his double murder conviction. they the das office and made it official. they were not retry him. we sat down with him to talk about how his life has changed d >> at the end, it was worth it. circa they only hoped they be here together under the same roof, living as husband and wife. after judge overturned a double murder conviction and he was released from prison wednesday, 21 years of fighting for justice from it. >> >> reporter: his attorney withheld evidence that pointed to other suspects. the man has been disbarred for the handling of the duke lacrosse case. they learned he wi

we are looking at baidu, they are all sharply higher. best was on pace for its day in seven months.ey, he says this could reflect location and sector rotation. higher alibaba sharply as the company's ceo has presented at the g-20 summit, making the case for business growth among small to midsize businesses. the company did enter into a wouldith something that create commerce in china. yahoo! is also sharply higher. they really act as a tracking vehicle for alibaba, considering the 15% stake in alibaba. it's not just china. some other internet companies are seeing strengths. abigail: we are looking at a lot of strength in the u.s. internet companies. the one that stands out is netflix. it is up 2%. the some of the analysis part suggested netflix could he more than 25% upside potential. domestic saturation concerns and a price hike. those have weighed on those shares. this is been a rough year for netflix. we see this range of trading. concernseflects the and saturations. stockecently, we do have of the top of the range. it is down 13% on the year. create above the 200 moving day aver

baidu's chief executive talking toin li shery ahn on the sidelines of the g 20 conference in hangzhou of "trending business". next, and angie lau will be around. asset allocation at ubs chief investment office, the wealth management arm. this is bloomberg. ♪ ♪ angie: it is the middle of the trading day. in the markets, it is all green. we are live in hong kong. this is "asia edge". ♪ angie: i am angie lau. the top stories, a rare meeting, the leaders of china and japan to hold their first one to one talks in more than a year. president obama prepares for his last asian summit as the leader of the united states. he is heading to laos. waters, hanjin sinks and trade with a vessel stranded around the world. also, the final countdown, hong kong tallies the last ballots in iquitos for relations with beijing. i am keeping my eye on the markets. the list august i can remember, september has so far delivered. you are looking at the best day in weeks for asia-pacific. where extending what we saw on wall street and europe. is not disappointing. we are looking at the best day for gains, south ko

counting a lot on that to promote baidu's next growth. >> it linked to that is autonomous vehicles.roval from california to test drive them on roads. for the buy do provide car market compared to global tech giants like apple and google? we have a number of advantages. we have been doing mapping for more than a decade. autonomous driving relies on high definition maps, and we have the best technology for that. also, the chinese government is very friendly to self driving cars. they give us favorable terms. for example, they have a controlled area for us to test the self driving cars. we have invested in artificial intelligence technology for the past 10 years. heavily relycars on image recognition and computer vision. we are at the front of this kind of technology. our cars are making progress on most every day. we now have a permit to drive california roads. li there.in that is it for me on "daybreak asia". rishaad: we will be looking at that g-20 summit. the highlights will be the meeting between china and japan. obamag also at barack going off to laos. summit takingean place. it

regulation and google's decision not to do censorship, but also because people are getting used to using baidu is hard to switch to a new brand. emily: kai fu lee, ceo of sinovations, thank you. more people get hooked on amazon ahead of the holidays. amazon is planning on a five dollars a month music streaming service. . this is cheaper than spotify and apple music, meaning amazon will likely lose money on this one. but the e-commerce giant plans to use the service to boost sales of its voice command toice at go and telling it instantly stream a some of their choice. replacing microsoft with domestic software on thousands of computers. the move answers russian by mere putin -- president vladimir putin's call. moscow says it may expand the 600,000o as many as computers and servers and possibly replace windows and office. . the plan poses a challenge for u.s. firms in the country's $3 billion software market. -- a rough year for european economies. but the biggest online fashion retailer is growing. we will sit down with zalando's ceo next. this is bloomberg. ♪ emily: ceo bob iger may reset the

you mentioned alibaba and baidu. had you expect the hierarchy to evolve?rd to predict how these things will evolve. they compete more in the private company -- in the private sector. it recently bought supercell, the game company in finland. alibaba has made very ambitious plans not just for e-commerce and china but to move beyond china in the southeast asia. they want to build on that success but nothing is guaranteed. emily: bloomberg asia tech managing editor from new york. staying with chinese tech giants , the valuation has jumped to $33.8 billion. they just received $119 million from foxconn. after a funding round led by apple. >> this is a really interesting. they are looking to diversify away from that and they have made other investments in the auto industry. it will be interesting to see what kind of collaboration they will see from this. they are invested in electric car companies. it will be interesting to see. >> focused on innovation and execution. how do you imagine they could collaborate? >> there are no plans outlined yet but you can imagi

restaurant, down, so that's not a good sign for a transitioning economy, then the employment index from baidu parks and things like that, it is pretty much in line with what the official statistics which show, although the official statistics are notoriously flat and don't show too much. industries mayer be shedding workers, but employment doing better elsewhere. then we have the alibaba internet shopping price index. it is showing inflation more than the official cpi is showing, but that could represent the fierce competition online. official stats need to be taken more seriously then? >> it seems to be. one of the main problems for official stats is what it masks, not what it shows. china's economy is in this big transition. some of the stability we see in the officials to statistics which people question is perhaps because some regions are really doing well. , micro-granular views, may help us get a better snapshot of those as well. rishaad: good stuff. up next, a lengthy process, why companies wanting to set up in hong kong might find it tricky to open bank accounts there. we will ask our

there is baidu. how do you expect these companies to evolve over the next 5-10 years? peter: tencent has been building on its success. it recently bought a game company from finland. alibaba has made very ambitious plans not just for e-commerce in china, but to move beyond china to southeast asia in particular, and probably other regions as well. they want to build on that success, but nothing is guaranteed, of course. emily: our managing editor for asia tech, in new york today. thanks so much, peter, for weighing in. coming up, we will hear from aaron levie. ♪ emily: box is going after businesses, and more businesses. it is aimed at being a one-stop shop for companies that need to deal with heavy loads. we caught up with ceo aaron levie, who thinks his software is better than anything currently on the market. take a look. >> the idea was simple. we wanted to make it easy for people to share, access, and collaborate around their information and files from anywhere. we have 60% of the fortune 500 companies. and yet, at the same time, even though we have been able to acc

as you see an uber, you see a baidu. what happens to the others?y get pursued and most likely they lose. emily: that was robin chan. apple has acquired an indian machine learning startup software for an undisclosed amount. it specializes in analyzing big sets of data. it is apple's third a.i. deal this year. ai has become a key investment field for tech giants as google, facebook, and amazon compete to develop their own virtual assistants. tomorrow, jack welsh joins "bloomberg " as a guest host. that starts at 7:00 a.m. new york time. and filters, stickers, emojis. we will speak to a silicon valley content investor who thinks soon we will be chatting with pictures. this is bloomberg. ♪ emily: southeast asia's flagship right healing service grabbed teaming up with a startup to create self piloting taxis. until now, self driving technology has not been a priority for grab as it has been for uber. singapore is a good testing ground with a local government eager to cut car ownership and congestion. for now, they are missing a manufacturer but nuton

you suggested earlier on what the boj baidu. you in the camp they will carry on down the same path? around negative interest rates? or are you in the past that says this reassessment of policy so far they have conducted, it will be the trigger for some sort of reversal policy? david:, i was actually thinking they might move to helicopter money and basically moved to zero and bonds paying using that money to free up and down.more -- doubling but are they going to do that on september 21? perhaps not. but will be interesting is the bank of england a barely does this, whether it is september or later in, people read across europe. not suggesting you will see that in the eurozone the next six months. but if the bank of japan does this, people will make that other markets. and it could have a decisive impact on the yield curve in some countries. manus: this is the japanese bond, the white line. the tokyo bank. the end of negative rates. two-year, the widest since march. the worst since 2010. this is the manifestation of the lack of b

apple, and baidu, and facebook. facebook on record high to hit its best day since april 18. some positive news is coming out of management meetings. plus, we have sebastian over at baird. he expects facebook to take a disproportionately large portion of advertising budget share. we go into the bloomberg. we see that facebook is a bullish chart with the stock breaking new highs. one reason to think that the strength will continue, when we looked at consolidation a few years ago, we saw it led to the next move up. we now have the last year and a adjusting we have a breakout much higher that could lead to a strong future head. david: coming up, apple is expected to unveil a new iphone tomorrow, but it may be until 2017 when consumers are really wowed. ♪ scarlet: this is bloomberg markets. i am scarlet fu. david: it is time now for the bloomberg business flash. allergan is laying out plans for price increase on their drugs. said that allergan will raise prices only once a year and increases will be limited to the single digit percentage range. he says that should limit price inc

over at baidu they're working to try to develop a self-driving car a.stocks among the biggest gainers. apple sat out the rally for the most part finished flat on the day and downside ahead of the big event tomorrow but apple, microsoft, facebook and amazon have really been what provided the big point impact on the nasdaq here since the start of the quarter. back to you. >> all right. a big day over there midtown. bertha, thank you. stephanie, what are your thoughts on the market? >> i expected a slow tuesday after labor day and started with a bang with the m and a and very positive. as corporations have more conventions, ceos have more confidence putting the stock and confidence to work and really the ism services number shift you had the fang stocks, bio tech and much more growth names rally because i think people are starting to think maybe we're going to only grow 2.5%. we'll go back to that whole thinking of -- >> tough get the growth names again. >> exactly. so i'm not convinced just yet. i think it's going to be very interesting in the next couple

alibaba and baidu at just 5%. when it comes to mobile ads, the story is the same.s first place at 35% of that market. facebook at 20%. alibaba at 11%. why do marketers looking to spend money on the web turn to facebook and google? martin utreras says the answer is simple. that's where the consumers are. google reaches people all over the world through search and youtube and android devices. also because these two companies have so much data about us. they know what you and your friends are shopping for and that is very valuable information for brands. so is the ad market healthy when there is such concentrated control? on the one happened, markers would love to diversify their spending. no business wants to be so reliant on just two vendors. however, brands also know that no companies get in the reach of these two titans. google's dominance has come under scrutiny in the eu, where the antitrust chief is probing some of the company's advertising services. >> josh, because there is only a couple of games in town, that doesn't mean now with the new corrected metrics p

you've got uber in pittsburgh, the chinese company baidu is doing the same thing.h its investment in lyft working on this. and then ford has said it plans to have self-driving vehicles, either for car-share or ride-share operation ready to go by 2021. and speaking of ford, it is holding its investor day today. interesting comments from mark fields this week about how much of the market will be in self-driving cars. guys, he thinks by 2025, 5% of the auto market here in north america will be self-driving, fully autonomous vehicles. 5%. that be about 5850,000, 900,000 vehicles by that time. >> it just keeps moving sooner and sooner. and you just showed us, companies plowing ahead. i wonder about the regulatory framework or any. can they just go on the snrood is there any state, local or federal rules about this yet? >> there is a number of them that need to be worked out. they need to come up with a uniform set, sara, and that's one of the challenges that will be holding back the actual deployment of these vehicles on a full-time basis, without test engineers in the

a mixed secondary quarter for baidu. they do smartphones. they are going to outsource the process.claiming this will help volume units and also helped margins. here is something you do not hear every day. alphabets downgraded to an underperform at wedbush. horsemen of the search apocalypse, the reason for the downgrade. thank you very much. deutsche bank in focus. >> -- nejra: today's gains on europe's equity benchmark have almost erased its monthly loss. if we take a look and see what the sectors are looking like, we have green almost all around the field. you have material stocks leading the game, followed by consumer discretionary, up almost 1.4%. financials up 1.2%. those banking shares gaining for the first time in four days. for the seventh time in the last one stock there is that is tracking the stoxx 600, and that is deutsche bank. it is gaining almost 3.5% after it basically agreed to sell its u.k. insurance unit. the ceo also ruled out a capital increase. these shares rebounding from the record low they hit on monday. finally, i wanted to show you options opening in deuts

a news maker from china this morning interviewing chinese tech of search engine baidu. >> i was able president xi three times over the last year or so. i got the idea that president xi realizes that internet is very, very important. it's also good for china's economic growth. >> we'll have more from the robin li interview later this morning. also on cnbc.com if you want to check it out ahead of time. >>> or next edition of mission space takes us to the heart of silicon valli. aditi joins us now. >> reporter: we are on the campus here of the ames research center in mountain view. everyone knows that 3d printers aren't new, but their use in space is. just two years ago this company that's based in silicon valley made in space launched the first ever 3d printer to the international space station. it let astronauts print a tool they needed. in doing so, they didn't have to wait for a shuttle to bring one from earth. the process takes just a few hours and makes living, working, and building in space a whole lot cheaper and more efficient. >> if we want to actually colonize space, if we wa