brad: what does it do for baidu?e distribution agreements with the large mobile carriers. gordon: i don't think it does very much. baidu as a partnership with china telecom from last may. they are really able to put its products onto the telecom services. i don't know what this does for baidu. i know what this does for unicom. when they announced on october 22 that they were thinking of this mixed ownership scheme, china unicom stock really sort in hong kong. for baidu, it doesn't do them any good. baidu is a company in trouble. ,hey had a really bad quarter the first quarterly drop in revenue since 2005. nonetheless, i don't see how this would help. our colleague wrote an interesting gadfly column today. it describes it almost as a romance indescribably possible offspring of unicom and baidu. what did you think of that analysis? is this and can to a merger or union? peter: i think it is the beginning of a potential romance to stick with the analogy. the two companies are trying each other out. a relatively low inves

baidu is a company in trouble.y bad quarter, the first quarterly drop in revenue since 2005. nonetheless, i don't see how this would help. brad: peter, our colleague wrote an interesting gadfly column today. he described it almost as a romance and talked about the possible offspring of unicom and baidu. what did you think of that analysis? is this a merger or union? peter: i think it is the beginning of a potential romance tim'sick with particular analogy here. the two companies are trying each other out. this is a relatively low investment form of cooperation at this point. as mentioned before, baidu is a struggling. baidu has fallen behind the other leading internet players in china, alibaba and tencent in particular. they tried a number of strategies including this online to off-line strategy. they have been investing in artificial intelligence. this is an experiment. perhaps it goes someplace, perhaps it doesn't. brad: gordon, i will let you have the last word. if this is a manifestation of the reform effort, w

we have baidu backing one, tencent holdings backing another. you also have alibaba.people tog to deliver, to get companies to participate, and to drive up usage of the services, and that costs money in terms of addidies or trying to headcount to grab market share. uberlike over and -- and didi, there will be a shakeout. bloomberg markets middle east coming up at the top of the hour. standing by his manus cranny. >> we have a feast for you. a touch of opec, non-opec, the oil producers. joining us for a discussion about his business, profitability, and what happens next. this is all on the back of the turnaround in markets with the fbi report yesterday. back to you. see you very shortly. david: that is it for this edition of "bloomberg markets: asia". haidi: ♪ hsbcofits under pressure, to release quarterly results with investors worried and near zero loan growth. >> stocks and futures climbed while havens fall at the fbi of souls clinton over her e-mails. manus: loyal joins the pre-election bounce. --

here that is often alibaba and baidu.overs all kinds of things, but allies focused on , and onlineps purchases. when you start looking into that , you can find a lot of incredibly detailed and high-frequency information on all kinds of aspects of the economy, especially the consumer economy, which is getting more and more important to the economic growth picture here. so a couple of examples that are interesting, by do, everyone , you can baidu mavs track where people want to go. if you want to find out what kind of interests -- restaurants are doing well or not, what kind of places people are doing, in one instance, karaoke bars, you can find that. you can see who is looking for that and how often they are going. if you want to get a read on how consumers are going to be picking up new iphones, you can track how many people are visiting apple stores. it is a way to take this massive amount of data and pull it together into specific searches for locations or industries or companies and get a unprecedented read of how the

china's unicom parents have agreed to collaborate with baidu.is part of a plan to boost service levels of the mobile carrier. show a tight final stretch of the u.s. presidential race. they suggest that damage to hillary clinton from the new fbi e-mail investigation has been limited. it trump campaign says raised $100 million in october in what is called small donations. swing states remain the key. president obama told voters in north carolina that the fate of the republic is teetering. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. >> thank you for that. it looks like we are one fed meeting closer to a hike in december. the fed giving a nod to a rate increase in the final meeting of the year, using that one word. >> kathleen hays has the details. there was no overt language pointing to december. >> a small number of words having a big impact on where the markets are seeing the fact going towards the end of the year. thes the key sentence and fed policy statement, the

that alibaba would suffer more than by do -- baidu.y have a more significant portion of their business that is cross-border flow of goods. there are some u.s. consumers purchasing from the wholesale and retail platform. there are people in china consuming goods from the u.s.. if donald trump actually implement did some of the things he has said on the campaign trail, for instance, slumping tariffs on chinese goods as high a 45%, that would have devastating impact on chinese companies. it would also have a devastating impact on u.s. companies because china would likely retaliate. chen said earlier that escalation to a trade war would be dumb. what -- do you realistically think that donald trump is going to impose these terrorists and sanctions -- taiffs and sanctions. more we see more and companies from the u.s. would benefit from that consumption. i think any administration would look for way to make the trade more beneficial to the u.s.. emily: is it true you predicted a donald trump win? we did have an internal discussion and we saw

you don't see the anti-defamation league saying we should end anti-semitism baidu's converting to christianity. you don't see that. people want to be accepted for who they are. thes very open about saying gay and lesbian movement needs to pattern itself after the modern civil rights movement. quit being apologetic. stand up for who they are. not tolerate. except it. there is clear patterning. there is talking about borrowing the civil rights movement. clearly it was extremely influential. "can you speak to how bathhouses in europe responded to hiv by distributing condoms versus america where they were shut down? how drastic were these ramifications?" they were pretty drastic. imagine,s you can there was a lot of frustration about the bathhouses saying, we understand this is ground zero in the united states. this is so much of where the disease is spreading. it could also be ground 04 in -- for information. but i think there was such a panic in the united states, shutting down the bathhouses took over. it was a pretty drastic impact. "should we teach lgbt history in school?" well, of course we

liz: if people are interested in buying or own them, chinese stocks, everything from obama obama or baidumobile, many are names in the china fund that your team runs, do you think they you should hold on to those? >> oh, absolutely. i don't think -- simple premise. whatever is good for china they will do. their self-interest, liz, is maintained having decent trade relationship with the u.s. they want to keep their people employed. they want to keep their economy going. they have no interest in destroying their economy. they will have a revolution and they will lose employees and they will lose jobs and they will get killed. liz: are about to witness another all-time record for the dow. >> from your lips to god's ears. liz: does it continue? >> keep it very simple. the president of the united states will bring in a lot of people favorable toward business enterprise. they want to do things right. they want to get lot of regulations holding businesses back business people tell us. this is really good for the economic prospects for companies in the united states. it is pretty straightforward.

baidu has found ways to track people at apple stores.t a sense of whether there is new interest in that phone. even industrial and consumer sectors. entertainment option people are watching our karaoke bars. you can find out when people are ride to ther didi karaoke bar and get a sense of how well the industry is doing compared to restaurants with the rest of the consumer economy. rishaad: what is different about china? >> that's an important question. along history of investors being skeptical about the official data, and the other part is that some of the official data is not complete. the labor market is part of that. the employment rate has been calculated on a typical survey-based method, so there's not the same level of granular detail we are accustomed to, so the indicators can help fill the gap and add to what we know. one of the interesting ways people are doing that is a location-based thing. you can track employment by tracking people going to office parks or manufacturing facilities by tracking the mobile phone. track 2000-30

moving to buy do -- baidu, they said that silicon valley is trying to bar immigrant workers in the futureina is more than happy to take those workers as china needs to create its own technology boom going forward. emily: president-elect trump in this latest video message also continuing, it seems, to support the promises he made on visas and immigration, saying, "i will direct the department of labor to investigate all abuses of visa programs that undercut the american worker." david, we are starting to see some potential policy intentions take shape. what do you make of it? >> a very smart global business leader once said to me that there is a global battle underway for influence between china and the united states, and every country around the world is looking at the two systems, one very top-down and autocratic, one democratic and highly capitalist, to see which one gets the best benefit for its people. i think, unfortunately, a lot of trump's proposals don't factor in the global impact of his actions on that battle. as darrell and others have been explaining, it is really great that c

and this one notable for blue chip clients like alibaba and baidu.g higher by almost 5% today. $10.46 a share. let's talk to the chairman, ceo and founder william wong in a "power lunch" exclusive. congratulations. you raised $192 million today. what are you going to do with the money? >> we'll keep the capacity down and hold china to keep -- continue to keep stronger position in china. >> are you disappointed at all that you priced at $10 per share rather than the 12 to 14 that people were talking about? you hoped to raise 300 million and instead you raised 192. >> no, i'm very happy to go to ipo. we are -- our stock trade up. we're very happy. and this price, it is decent price. i think it is in line with all the u.s. comps. >> what is the total addressable market for cloud services in china now. what is the current penetration? >> sorry in. >> what is the total addressable market for cloud services in china now? and that is the penetration at this point? >> i think the cloud computing in china just a thought. and we are very excited. we are -- cur