is it justified what's going on at bridgestone. well the unions obviously say it is they are talking about a planned x. assignation attempt of the factory no one was expecting the factory to close because basically what's happening there is that that factory is producing smaller tires for smaller cars and that's not very profitable actually and there's no other such factory left in western europe but the unions are saying that the mother company should have invested earlier they should have invested money to buy new machines so that the fact she could actually produce larger tires for s.u.v.s and other cars and that's actually still worthwhile in this part of the world so they are saying it's right for us to go out there and protest against this because there is another way what is the other way the government says this is appalling what's it doing about it absolutely the local government and the central government all of them all the politicians actually stepping up and saying we need this and we need to prevent this and they're s

protests erupt in france after bridgestone factory closes the company points to low demands of the pentagon the union sees an effort to squeeze workers. also on the show pig farmers in germany brace for the worst as swine fever spreads in the country's waters and export markets close their doors. closed welcomes the show i'm susan beardsley in berlin it's good to have you with us as tick tocks fate in the u.s. finally becoming clear parent company by dance and oracle have tentatively agreed on purchased terms for the short video social platform under the rumor deal oracle wal-mart and buy dances u.s. investors want to get their hold majority stake in the firm citing security concerns president donald trump had given chinese own bite dance and ultimatum to celtic talk to us company which is set to expire on sunday. and for more on this we go to chelsea delaney our financial correspondent in frankfurt josie good to see you is this structure this new a structure is this going to meet the demands of both sides. well the deal hasn't been approved by either the china or the us yet so we could sti

japanese owner bridgestone said wednesday it would begin the process of closing its factory in b. tune which has been struggling even before the corona virus pandemic. nearly nine hundred jobs are on the line bridgestone has received french state aid to help preserve jobs in recent years. it's also benefited from a government temporary unemployment program during corona virus that pays the salaries of furloughed workers and its minister bruno le maire had some strong words for the company thursday heraeus. wish to stack up a degree which bridgestone is a special case you said so yourself into japanese company that's taken according to cision within a polling method and appalling consequences. and we're g going to fifight with my deputy minister and yes penny a real shea who i talked to follow the dossier very closely every day with the presidents of the region's rd about call. with america tune and with the employees to be turned over to set up the line. it's time now for a check on the day's trading action wall street took a significant hit mostly in the tech sector thursday's jo

bridgestone is the world's largest maker of tires.ng softbank at the open in tokyo. we have a report -- mafiosi is looking for local partners according -- masayoshi son is looking for local partners. sawosoft, walmart, oracle, think might be throwing its name into the ring for india. how does this fall into the broader strategy? come up ak's name has lot in the news in relation to tiktok. they have actually been playing an active role in negotiations. in the u.s., they brought walmart as a lead investor. that group has fallen apart because the u.s. -- trump's administration wants a tech company to make the effort. while reliant seems to be out of the picture and talks have stalled, it seems like softbank is still very much in the game in both countries. in india, son has been investing in india for a decade. it was million, with a new unicorn in india. they have a massive solar power venture. a deep network of business connections that son could tap for partnerships in that country. sophie: microsoft wants tiktok's cloud business. wal

it's unacceptable for companies to take advantage of the crisis most of them like bridgestone are doing to restructure to cut jobs and to put pressure on the workers to accept sacrifices like lower salaries. i think. the union called out strikes in several french cities workers say the billions of euros in pandemic recovery money are not reaching them . every nickel of either get the fork over there was no money it wasn't possible suddenly they're releasing millions billions of euros in aid to companies so yes there is money you just have to know who it's directed at abbott and employees especially the front line ones as they've been called should benefit from the wage increases that they need that. french society is deeply divided many people feel left behind in the crisis especially in rural areas they're demanding more social benefits but the government in paris is pursuing its investment in business just last week the government's recovery package was ramped up to 100000000000 euros to strengthen companies and preserve jobs. german biotech specialist by untac is buying a production

protesters have been gathering for days at the factory gates of tire maker bridgestone the company plans to shut the plant in northern france slashing $860.00 jobs the reason overcapacity in low demand according to the japanese own tire maker the left wing trade union city to rejects that reasoning. seem not to see it it's unacceptable for companies to take advantage of the crisis as most of them like bridgestone are doing to restructure to cut jobs and to put pressure on the workers to accept sacrifices like lower salaries business and i thought. the union called out strikes in several french cities workers say the billions of euros in pandemic recovery money are not reaching them. every nickel of either the fork over there was no money it wasn't possible suddenly they're releasing millions billions of euros in aid to companies so yes there is money you just have to know who it's directed at and employees especially the front line ones as they've been called should benefit from the wage increases that they need and it was always one french the society is deeply divided many people feel

bridgestone is the largest maker of tires. looking to expand its retail presence in europe as it fights 5g bans around the western world. they are planning to open eight physical stores in spain, france, germany, italy, belgium, and the u.k. experienceaunch 42 stores. huawei's app gallery is the third-largest with 33 million active users in europe. fedex is planning to hire 70,000 seasonal workers to handle a holiday surge in packages as it sees delivery demand unprecedented. jobs inded thousands of shipments, spiking 27% from last year's peak. deliveries will be expanded to 95% of the u.s. population as more consumers browse and shop on home because of the coronavirus. let's get a snapshot of markets, so we are seeing u.s. futures moved to the downside after the selloff we saw on wall street with the s&p following the most since june. he restocks under pressure. in australia, we are keeping an eye on banks who are to make their semiannual parliament to committee hearing. we are watching retail sales from australia and reactio

stephehen: staying in francece,e finance minister says the government will fight the decision by bridgestoneclose its factory in the north of the country. to shut the factory was revolting. more than 86860 people work at e plant. it is closing because of the drop i in demand for its tires. genie: tik tok's troubles in the united states might not be overr despe e thatig d deal on the table with software giant oracle. stephen: president trump will be briefed on this later. he already said he doesn't like the u.s. opepetions of t the vio apps are not being sold entirely to oracle. the current proposal would put the americans take a minority states in the tik tok global company. china's still have company be the majority shareholder. bey say the deal will also neededing the approval of f the chinese authority.y. let's s take a q quick look at t is happenining oththe markets.s. europeanan shares in the red. that is after the federal reserve statement that it wouldd keep i interest rates low until 2023. that seems to have disappointed investors in the past few minutes. they're keeping interest rat

protests erupt in france after bridgestone factory closes the company points to low demands of the pentagon.

firestone is part of bridgestone americas.rted profit 250 million dollars and may attract interest from private equity firms in the roofing business. market-wise, looking at tech stocks after the nasdaq 5%, tencent to porphyry .or his sent -- 2.5% down mirroring what is happening on wall street. red, dragging down major markets. hang seng 1.6% to the downside as we see global equities pulling back from all-time highs . just as we did see the strong run-up showing signs of broadening into other sectors, there we go, others not spared. not much green out there. this is bloomberg. ♪ yvonne: it's almost 11:00 a.m. in singapore and hong kong. haslinda: welcome to bloomberg markets: asia. topaad: here are the stories. really for goldman sachs as malaysia drops criminal charges, a step forward in the deal to resolve the missing money scandal. haslinda: the race for tiktok asset sees softbank considering a bidding india. softbank owns a stake in tiktok and has been taking to the geo platform. rishaad: tech slides as investors question