you have the people's bank of china, the central bank of china trying to be stimulative.e new lending rate coming in that will be lower. you have infrastructure investment. on the other hand, you have problems with over indebtedness, which will continue to be a drag on the economy, and then uncertainty about trade. not only will u.s. tariffs,, that is still a drag, but there is a chance the phase two deal will go absently nowhere. i am a think that is the probability. vonnie: why is that? peter: they have blown all of the opportunities for picking the low hanging fruit with phase one, which is an export in return for pulling back some of the u.s. tariffs. it is hard to see how they get the more ambitious phase two where the u.s. is asking china to dismantle the china 2025 program. i do not see that happening. vonnie: thank you. we are going to talk with you again a little bit later. that is peter coy, bloomberg businessweek economics editor. now a little bit of news coming out of the state department. the state department is saying all u.s. personnel are safe at the iraqi

still to come, coastal savings bank of china makes its debut. drawing the lowest retail demand in half a decade. fixed and ahead of income, sticking to her high-yield gun. this is bloomberg. ♪ daybreak asia. raising new concerns about contagions. rising to a record $17.9 billion this year. fiona, thank you for joining us. we do cede to full risk rising in china. this becoming more of a concern as the economy slows down russian mark >> we have the cautious in some of china industrial sectors. tight for the enterprise in china, and also with the challenges from the u.s. china trade war. this is not something out of our expectation. important that we look at the temperature of the company. they do not have the guarantee, to havewill be the case more default. we see this anymore idiosyncratic case. actually, in terms of percentage . still very low, but a record year. what would your expectations be for 2020? is there more disclosure needed? >> yes. it will continue to rise in china. in terms of disclosure, you are very right. issuers, theye may not b

they mix us angry was 2 all over that wasn't the violence that had mob previous protests but a bank of china building was vandalized by demonstrators and some activists spray painted slogans on public property. i i nearly 6000 people have been arrested in the last 6 months during 900 demonstrations processions and public meetings on sunday amongst the marches a woman crawling to highlight the difficulty of preserving hong kong's freedoms. we have too much further than i perhaps we have enough hold chain make us go further. the protest to say their long struggle for democracy is far from over. well d.w. shot of house and pale has been following those protests in hong kong and sent us this. the pro-democracy movements prevent today it can still attracts huge numbers of people onto the streets there have been a lot in protests like this since the district council election results last month where pro-democracy candidates won by a landslide shattering government claims that a silent majority was against protests like this since then authorities here have promised to listen and reflect on those r

lenders in china for secure term loan of up to $1300000000.00 for the shanghai car plant and to repay the $3500000000.00 r m b debt due now. year china construction bancorp agricultural bank of china shanghai built on develop a bank and i c.b.c. are the main lenders according to the filing is china's 1st holy foreign owned car plant and reflects the chinese government broader shift to opening up its car markets this shanghai factory is tesla's 1st car manufacturing site outside of the us and will be used to boost sales in the world's biggest auto market and avoid higher import tariffs imposed on u.s. made cars it aims to produce $250000.00 vehicles a year after production of the model why we after his attitudes initial phase also started building service centers and charging stations across china to assure customers a standardized after sales service that china made cars will be prized at $50000.00 before subsidies and tesla says that it wants to start deliveries before chinese new year on january 25th and with more we bring in lauren fix the car coach so lauren we come into year and these are some very ambitious goals that set for themselves and in the past houses perfor

not completely vetted at the beginning of these types of projects and i think it's very hard for you know china developing they can export import bank of china is to fully that these projects when they're coming in and going out at such a rapid pace it's hard to control the state owned enterprises that are going into these countries and it's hard to fully understand the risks and also identify the cause of as was stated earlier to really know whether it's worth the amount that it's waited for so there are both some positives and negatives so i like to you give us positives and negatives because i physically what our community is doing as well so i was dipping into you to hear for a couple of varying comments i'll share just to with all of you and have fun i'll direct these to you specifically to bring you into the conversation so the 1st person says china is a tyrant repressive country who exploits their own and others one person's view on you tube but right before that comment is someone saying those who are saying this is colonialism have never lived under a colonial regime so one sided where do you weigh in on back to base. so i

lenders in china for a secure term loan of up to $1300000000.00 for his shanghai car plant and to repay the $3500000000.00 r m b debt due next year china construction bancorp agricultural bank of china develop a bank and i.c.c. are the main lenders according to the filing is china's 1st wholly foreign owned car plant and reflects the chinese government's broader shift to opening up its car markets this shanghai factory is tesla's 1st car manufacturing site outside of the us and will be used to boost sales in the world's biggest auto market and avoid higher import tariffs imposed on u.s. made cars it aims to produce $250000.00 vehicles a year after production of the model why we after his attitudes initial phase also started building service centers and charging stations across china to assure customers a standardized after sales service that china made cars will be priced at $50000.00 before subsidies and tesla says that it wants to start deliveries before chinese new year on january 25th and with more we bring in lauren fix the car coach so lauren we come into year and these are some very ambitious goals that set for themselves and in the past houses performance didn't rea

that is currently what we have coming from the people's bank of china and through the china news serviceve oneith china, we of the rare global hits, tiktok. the american government is threatening that success. bloomberg has learned that the company may be weighing a majority stake sale to ease that pressure. of the options that they are considering at the moment. >> that's right. bytedance is weighing a range of options, including aggressive legal defense, possibly spinning off tiktok as a separate unit that is completely operated out of the u.s., and even selling a majority stake in tiktok. all of these talks are very preliminary and the company has not really made any decision. rishaad: what about the headquarters? that is another story. >> bytedance that's right -- that's right. bytedance is operated out of beijing. the company is looking for a global headquarters outside of china. they are in the process of looking at that. this started because the u.s. is doing a review of the acquisition of the business that became tiktok, which is musically. in 2017. part of that is because the co

>> yes, and the bank of china accounts.ne thing we have to keep in mind with regards to the allegations is that this is all we really have to work with. all we have to work with or personal investigations. the media has not been very good about investigating hunter bind's professional activities? so what are we left with? we are left look at personal investigations that associated or an tangential to a custody battle. jesse: "watters' world" has not been able to confirm any of this. but he's living well? >> in beverly hills in a house worth $2.5 million. we don't know how much he bought the house for. but he did buy it last summer. he alleged that he's in deep debt and has no job. >> he was getting $55,000, up to $80,000 from the ukrainian gas company. he's obviously has some income. what else is going on? you said something to me about he had been paying this woman london for some time before? >> right. part of this custody battle includes the childish yous surrounding child support. in order to go forward you have need to

you know, in the 2008 crisis we saw the federal reserve the european central bank, the bank of japan, the bank of china big central banks acting in concert to resolve that particular financial challenge given that multilateralism seems to be falling apart and that the united states is no longer playing ball on the same field as all of the other major players, we fear that a serious external economic shock will not be met with a coordinated policy response primarily because the united states is not going to set the ball rolling in that direction. >> charles, we'll leave it there. george, former greek finance minister and professor of european university institute with a new book out. thank you both very much for joining us. >>> still ahead on "street signs," brexit is front and center as political parties begin the final week of campaigning ahead of the uk election we'll discuss latest polls after the break. >>> welcome back to "street signs" i'm willem marx. >> i'm julianna tatelbaum. these are your headlines. >> sterling surges to a seven-month high against the dollar and a 2.5 year peak against the e

there was some vandalism at the high court and some graffiti at the bank of china tower behind me, disparaging the communist party of china and the local police. there was also vandalism further down queens road and kings road here on the island in causeway bay. other than that, hundreds of thousands of people turned out of all generations, the kids, the parents, and the grandparents. they are saying they understand their pursuit of greater civil liberties or the preservation of their civil liberties in hong kong. they don't necessarily condone the violence, but that is where we turn the page, perhaps. while there have been radical elements, vandalizing yesterday, the most part anywhere between hundred 83,000, that is the police estimate, and 800,000, the organizers' estimate, turned out for mostly peaceful demonstrations. the question is, will this end? pro-democracy lawmakers that we showspoken to say this that the pressure is on carrie lam to concede on some of their demands. matt: thanks very much for that. youssef, let's get over to you in saudi arabia, releasing their budget today. can w

much was in the i never got a penny from china, how much equity did he get in that deal with the bank of china? 's lawyers said he hasn't cashed as equity yet and technically hasn't gotten a penny yet and if democrats are able to pass impeachment in the house, the bidens will likely now be called to testify during the republican-controlled senate trial. is it going to be must-see tv, but telling reporters he is not going to appear voluntarily because quid pro quo joe has a lot to hide and also breaking tonight, a big story in "the wall street journal" by their editorial board, ship's broad definition bribery would mean that joe could also easily be impeached. said that would be your real insurance policy. joining is now, fox news contributor dan bongino, fox news poll responded that large geraldo rivera. i stayed away from the drug issue, you are not the father, i stayed off that because that is different than the corruption here. his father we know leveraged a billion dollars and said you are not getting it. zero experience, paid millions of dollars. isn't that a real scandal? >> i think a co

i would say the people's bank of china has a style of communicating that is actually very effective,hile the fed in recent times on occasions has not been so effective. manus: ok. we will dig a little bit deeper into that. ricardo evangelista stays with us from activtrades in the london hq. coming up, boeing. the american playmaker ousts its ceo-- plane maker ousts its to restore confidence the 737 max crisis. has it done the job? we will talk about the shakeup at boeing. that's next. this is bloomberg. ♪ ♪ manus: this is "bloomberg daybreak: europe." i am manus cranny in dubai. boeing has ousted its ceo. the embattled airplane maker named a new president and ceo. decided the changes necessary to restore confidence in the company. it is the latest twist in the turmoil that led to the grounding of the 737 max. benedikt kammel joins me from berlin. good to see decided the changes necessary to restore confidence in the you. is this a cathartic moment for boeing? does it close off one set of issues but create new ones? >> absolutely. with the departure or removal of dennis muilenburg, th

data isn't ism helpful right now, but with cheaper money coming from the fed, ecb, bank of japan and bank of chinaconsiderable monetary support, i think the data will start to turn. , butways turns with a lag we will see better data going into next year. thing written about this morning is europe's japanification won't stop. dividend stocks in the 1990's in japan were really stall wart. and high the givers, dividend stocks performed well in japan in the 1990's, this is what ubs is saying and this could play well for european equities next year. does that time with you? high dividend paying stocks could be in a performer for europe next year? christopher: in a world where everyone is looking for yield, those who haven't been able to find it in the fixed income market are looking to the equities market, and i can clearly cash today is better than cash tomorrow, so if you can get a steady stream of dividends coming from your equity, that has got to be very attractive in this kind of world. nejra: let's talk about the ecb, because we heard from christine lagarde yesterday being resolute on the inflati

much is in the "i never got a penny from china" -- how much equity did he get in the deal from bank of chinahe has not technically on the penny yet. get this, if democrats are actually able to pass impeachment in the house, the bidens will likely be called to testify during the republican-controlled senate trial. this is going to be must-see tv. joe 303-0030, he's not going to appear voluntarily. that's because quid pro quote joe has a lot to hide. also, breaking tonight, this is a big story in "the wall street journal" by their editorial board. schiff's broad definition of bribery would mean that joe could also easily be impeached. louie gohmert from a radio show today, said that would be a real insurance policy. joining us now, fox news contributor dan bongino. fox news correspondent at large, geraldo rivera. geraldo, you'll be proud of me. i stayed away from a drug issue, that you are not the father issue, i stayed off of that because that is different than the corruption here. his father, we know, leveraged a billion dollars and said, you're not getting it unless you fire the guy that's

bank, making it one of the bank's top borrowers. the second-largest economy in the world, one of the bank's top borrowers. countries like china and russia that have seen the most economic progress should not seek to maintain access to the bank's preferential lending rates and technical support. moreover, these are our two major geopolitical foes. i have previously highlighted china's intellectual property theft and foreign influence activities at american universities, as just an example of other things i looked at in the case of china. russia's illegal occupation of territory in georgia and ukraine and its active measures against democracies, including the united states democracy, make it effectively an outlaw state. meanwhile, china does substantial foreign lending of its own. which it uses as a tool of geopolitical influence over other countries. now, just think -- through the world bank, they get u.s. taxpayers' dollars and then the country is still so rich that they can lend to many other nations around the world to increase the geopolitical influence of china. and that country's lending does not follow international dev

even at the end of the year investment banking in china they are trying to open up somewhat. it more market driven. vincent: this is from the sources in asia tell me. this is a big move on the part of china to move the hub of asia, of financial markets in asia, away from hong kong and toward shanghai. this is a big, big step. the more shanghai becomes more prominent in the financial sector, the less hong kong is, more reduced, then whatever happens intentions in hong kong becomes less and less important. at the end of the day it's always about the -- if the money is in shanghai, watch the world care less about hong kong and that will become a situation that will no longer be a geopolitical threat to china. david: that raises the question do we believe the numbers? as we open this up, are they going to be more reliable than in the past? sylvia: who knows. i do think that structurally we are set up to see growth in china. we see that happening with the inclusion of all the china and major indices. opening up their markets, having global open trading systems and moving towards t

our lawn has petitioned delegates of the national people's congress china's parliament asking that single women be given access to sperm banks. that sort of grew in china where family planning authority is can still find on married mothers for unsanctioned babies she's realistic about her chances of immediate success wealth you were only seeing you getting access to artificial reproduction technology has an unmarried woman is certainly going to be difficult but i think sometime in the very very distant future units it will be possible. not her real name has talked about her yearning for motherhood on social media. her posts have sparked a lot of debate in a society where traditional family values still rule. in a park in beijing parents gather on sundays to lay out their children for prospective partners. and unmarried child can stigmatize the whole family women in particular are under huge pressure to marry by their late twenty's you then you put the marriage in china isn't an arrangement between families everything that happens in that marriage becomes the business of the couple's parents and extended family but i want a r

of china's futures market. bloomberg has learned the bank wants 100% ownership of its joint venture there. ng tomorrow, china will allow full foreign control of future firms. that is your bloomberg business flash. david: thanks so much. we are back with julian emanuel, btig, who has a bullish call on stocks for 2020, but warns it may not be bullish enough if the public pause in love with stocks -- the public falls in love with stocks. what will it take for the public to fall in love with stocks again? julian: it is perhaps just the realization that yields are likely going higher. if you look at the last five funds the flow into bond has been consistent, almost torrential, whereas there has been a reasonably steady exit us of funds out of the equity funds. at the same time, money market funds are almost at their highest balance is going back to the financial crisis. so you put that altogether with the backdrop of an economy likely to continue chugging along, and this idea that every great bull market -- and so you what you want, a lot of people have been arguing about this for the last 10 ye

bank of jakarta. the pmi numbers out of china, pretty comforting. we talk about stabilization, bottoming out. how important is the number to the market? think both this and the unofficial one thursday are important in saying things are still going steadily in china and we haven't seen a massive drop off in activity. the general tone of what those numbers say and those numbers say despite the trade war, china is still managing to make its way quite nicely. haslinda: when you look at the market today, china eking out some gains in a negative day for the rest of asia pacific. how much more upside given the spectacular rise we saw, the rally we saw this year? jeffrey: well, there is a world savings collapse and there is certainly savings in china, so --long as equities continue and we must remember most volume is driven by retail business in china on the stock markets there. as long as stocks yield higher, government bonds or bonds in money will flow toward equity. there is not a lot of point in fighting this. moving toward in easing bias, i would expect we would see equities maintain that stream

then on tuesday, christmas eve, the bank of korea's financial stability board will have its meeting and then christmas day is not a public holiday injapan or chinaapan's governor speaking at an event. on thursday, japan reports its retail sales for the month of november and this is important because this is the data that could see the impact from the governor raising the country's sales tax from 8—10% in october —— government. to the philippines, where president duterte has recently banned vaping in public and the import of vapour products, calling them toxic. it follows a tightening of controls on u2 the sale of nicotine capsules by the country's department of health earlier in the year. howard johnson has more from manila. smoking is dangerous, so vaping is also dangerous, so vaping is also dangerous and i am banning it, and if you are smoking now, you will be arrested. president duterte‘s directive comes after a spate of their thing related deaths and illnesses in the united states. there mother food and drug administration believe the deaths we re administration believe the deaths were caused by marijuana related products but authorities are

china as latin america's 2nd largest trading partner after the united states since 2005 chinese policy banks have provided more than $141000000000.00 in loan commitments to latin america exceeding in several years the lending of the world bank the inter american development bank and the c.f. development bank of latin america combined china is also becoming an increasingly important foreign direct investor for the region especially through mergers and acquisitions so they are definitely seeing this as an opportunity especially over the last 10 years where the u.s. was diverted in the middle east but now you're seeing the emergence of this new trade. china's number 2 for latin america right in the u.s. is run out of countries that they can read and they are turn internally. as been reported recently as phones like call center are destroying american towns the same way that they did. help destroy greece or help destroy other argentina right there are destroying themselves now so the stake is eating itself so we talked about job of the global insurrection against banker occupation we see it around nations around the world especially those that cannot print their own us dollars everywhere but the us so here's a fi

and i want to get to the predictions we got right at the end of the year last year about economics in the u.s. china trade war 1st u.s. banks reluctant to lend cash may have caused repo shock said the b.a.'s and this is from reuters the unwillingness of the top 4 u.s. banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a recent spike in the u.s. money market rates the bank for international settlements said cash available to banks for short term funding all but dried up in late september and interest rates deep in the plumbing of the u.s. financial markets climbed into double digits so this is the problem with monopoly and basically having cartels running every single sector of the economy is they could cause chaos by just withdrawing. you know the liquidity and if if they want to act like cartels and basically a government service like either nationalize it or have free competition have to have actual competition because you can't run a pseudo market like this no you need competition to make a capitalist system. fair right i mean the more competition the better and when you

the world bank approving a plan to give china more low-interests annual loans up to $1.5 billion through 2025. treasury secretary steven mnuchin said china is too wealthy to receive billions of in loans to the world bank. one study found the world bank has given china nearly $8 billion in loans. and china keeps outsmarting the united states and much of the world. joining us, gordon chang, senior fellow at the gai -- the gate se institute.

but a lot of it here is the economy where china has caught up or surpassed you know the mobile payments market 50 times the size of the u.s. or over here still writing checks our banking system is not innovated kind of recently was going up the last couple years and while we don't even have a company that can make 5 g. equipment it's been a win win for china and it's been a lose lose for the u.s. . but if she warned you and i do. wish that the balls more than those. she me we. in the news i mean involve. a lot of. these. people. cabinet 5 days i'm going to sit. and. listen princeling the. little. meaning air wow that went by quick quick enough in my view anyway welcome to 2020 am here with carol salon today the trans journal maestro the seer of thinks the new york the fastest growing hipster town in america today the new york times calls it joyful the washington post go to kingston see gerald in his live surroundings it's gerald welcome back had been. well you recently saw on the kaiser report jerrold that interest rates will go to 0 or negative this year in the u.s. what does that mean for the global financial system which is on the u.s. dollar standard what are the

softbank, 23 ing agricultural bank of china, notice the american companies there, we had gm, visa, and had facebook they're all 16 to $19 billion range. so american companies kind of further down on the overall list i struggled to try to describe just how big aramco is compared to every other company that is out there. certainly every other energy company. i think the fair comparison is just look at the aramco deal, 1.88 trillion, total market capitalization that includes the government share. but the s&p energy sector, all energy companies in the s&p 500, everything including exxon chevron, 1.1 trillion. saudi arabia, aramco, saudi aramco is 50% bigger than all the energy companies in the united states put together i think that gives you an idea of the scale of this company another important thing is to remember if you're a global investor, you own saudi arabia, we keep saying there is an etf for that the emerging market etf, the eem, one of the biggest in the world, saudi arabia is already 2.5% of the market capitalization of that particular etf and that particular index this is goin

talks tokrock is in start and asset management business with one of china's biggest banks. est asset manager and singapore state investor have entered a nonbinding agreement with china construction bank. it's part of the u.s. from's goal of becoming one of china's leading asset managers. is selling 60% of its stake in meat processing brand hurt her. it is part of this was giants plans to focus on faster growth in its portfolio. nestle will maintain control of the vegetarian businesses that focuses on plant-based foods. it has been valued at 600 and 90 million -- 690 million euros. bbva is taking a $1.5 billion hit from its u.s. unit. it is blaming the fall in interest rates for the charge. the american a business accounted for 13% of the groups and come in the first nine months of the year. the division has proved troublesome. they describe its push into consumer lending in the market as a learning curve. that is your bloomberg business flash. nejra: tom mackenzie in beijing. here's what you need to know today. four people have been arrested in hong kong on suspicion of mone

prediction in october the rate of growth is expected to drop to 5.9 percent for next year though the world bank says short term risks remain and spite of the recent cooling and china's trade war with the united states. hong kong was formerly a shop till you drop paradise but it's once mighty retail sectors facing a gloomy christmas the retail association says over 10 percent of the territories retailers thousands of shops could close in the next 6 months and that economic uncertainty because of the democracy protests. hong kong is legendary for a shopping but the scenes of mayhem in a hong kong shopping mall just days before christmas show why there is little festive cheer for the territories retailers this year. protesters are taking aim at hong kong's key retail sector to press home their demands for democracy. district elections last month showed strong support for protests but the demonstrators have disrupted christmas shoppers and clashed with police. and uncertainty about hong kong's future means that the mood among those who do venture out to places like times square is bleak. for the respect and us than before just because they were doing to have a situation