they have not really addressed the charges against carlos ghosn.t they are groundless. they are trapped up, and they shouldn't even be answered. what they have decided to do instead, it seems, is taken pretty much the whole of the japanese establishment. they are alleging a conspiracy between executives at nissan, the tokyo prosecutors office, and the ministry of economic trade and industry. one of economic trade and industry. one of the most powerful ministries and the japanese government. they are saying they conspired to trap charges against carlos ghosn in order to get rid of him as the head of nissan. —— trump up charges. and they said this was done because all three of those organisations, nissan and the ministry in particular, wa nted and the ministry in particular, wanted to go ahead with plans to merge nissan with renault and mitsubishi. they are saying this is a political prosecution. notjust but political. they are essentially looking to the public and other governments, and saying carlos ghosn isa governments, and saying carlos ghosn is

carlos ghosn and plant a crimininal case against him. >> a conspiracy that involved a secret task force and so oust ulte of the rhino -- rena nissan alliance. >> they rememoved 6000 emails ad documents that could have clearered carlos ghosn. that is one of the many y alarm police -- many anomalies. >> the date of a trial is not yet fixed. it could be next spring. the former ceo remains in tokyo on bail. all charges, including of financial misconduct and breach of trust. he cries character assassination against him. >> a final policy meeting for the heads of the ecb. >> it is followed by mario draghi's final prere conference before he hands over the reins to christine lagarde. he is attending the meeting as an observer. he is leaving a mixed legacy at a time the economy is slowing down. hehes known fofor vowing to do whatever it takes to preserve the euro. he backs up the pledge by indenting huge amounts of cash while shoring up the economy. credited with stabilizing the economy, he has failed to bring inflation up and the launch of new stimulus meaeasures wawas mt withth oppositition. t

they have been in troubled waters since carlos ghosn's arrest last year. board members hope he can improve cooperation with french colleagues. structure andew under his leadership, we hope the whole company will make efforts to rebuild itself andd work towards a speededy recover. is nott just the carlos ghosn scandal and tensions with alliance partners, they have been going through a slump. costly electric batteries have added to their problems. profits dropped 99%. slash jobsit will around the world. genie: claudette zepeda-wilkins: american is a relative term. what is american? personally i think the border is, you know, just a speed bump in between two countries. as a child, i think we took tj for granted not because it was a different country to me. to me, it was just like, "oh, it's just tj. it's where the other half of my family lives." and even if i i was in tj my entire lilife, being this far n north,u aare sort ofof removed f from te other parts of f mexico and the cultuture. youu're mexica b but you don'n't really know. my last restauranant was m

of car makers want to get past the scandal around former chief carlos ghosn was jailed in japan for alleged financial misconduct. now next week the u.s. is set to impose a 25 percent levy on a range of agricultural products from europe it's doing so after the world trade organization ruled that the e.u. had been illegally subsidizing aviation giant air bus to the detriment of u.s. rival boeing and while the dispute is still ongoing european food producers are sounding the alarm. this is parma the italian province that has been producing hard cheese for 9 centuries. to an event to nellie's families be not it since $895.00. much of his product is banned for the united states it's the 2nd most important export market for parmigiano after france but one week from now the cheese will be subject to a 25 percent tariff. for the whole region of parmigiano reggiano for us farmers this was a slap in the face because of course when we no longer have that export market for the cheese will be forced to lower the price here and after that we won't make any money everything we earn is from parmigiano regg

lawyers for foreman his son chairman carlos ghosn have requested that financial misconduct charges against him be dismissed in a court filing in tokyo they argued that the case against him is the product of unlawful collusion between prosecutors the japanese government and the sun executives with an axe to grind they say the brazilian businessman who is currently on bail would not receive a fair trial and that his rights had been trampled on. thier asian economic union is set to sign a free trade agreement with serbia tomorrow it aims to streamline and bruce trade they each. is an economic union that counts 5 members led by russia it includes belarus kazakhstan kyrgyzstan and a media $12015.00 it allows for the free movement of goods capital labor and some services serbia has high hopes for the new deal it guarantees tariff free access for 99 percent of its exports to the bloc opening up a market of around $182000000.00 customers but the bokeh nation is also waiting to join the e.u. if that happens brussels says serbia will have to drop any prior commitments with the e.u. . i love serbia a

nissan is struggling to fill the leadership vacuum left by the arrest of carlos ghosn.top executives trying to choose the next leader. nissan's board is expected to meet on tuesday to discuss who will take on the role. a quick look again at the financial markets. i want to mention that in asia today, markets are closed in hong kong, china and sydney, so that has limited trade in asia. the hang seng and the all ordinaries are actually friday's close, but as you can see injapan and elsewhere, in asia, where trading is under way, i am afraid to say it is pretty much losses across the board. that's it for the business briefing this hour. a rapper who was attacked backstage at a bbc music event on saturday night has told his supporters he's well, and will be back in no time. krept, who's 29, suffered a slash wound at 1extra live in birmingham. he was treated at the scene and the event was ended early. the bbc says its cooperating with the police to establish how it happened. chi chi izundu reports. nearly 16,000 people packed out the birmingham arena for the bbc radio1 extra

alliance was shaken by the arrest of carlos ghosn almososta year ago. >> the move to replace the chief executive was not completely unexpected. shocked. they knew the likely reason for his removal was his once close relations with carlos cohen. >> the only thing they might have against me as i was chosen as deputy general by unanimous vote of the board with carlos cohen's support. >> when carlos cohen was arrested last year, -- replaced him and another was brought in as company chairman. his mission, protecting the alliance with renault and mitsubishi. he wanted to remove everyone who managed the company with carlos cohen. >> it is important the alliance bebe strong. we are going to do everything we can. we have to move forward. we have to invest. state,the french preserving the alliance is also key. the government says it supports the decision. the board has named renault's chief financial officer and executive vice president its new intetem chief executive. >> investors seem to welcome the news. rando'o's shares havee been r rg since this morning.. currenently up more than 4%. in tok

thierry bollore last week as it tries to draw a line under the scandal surrounding former boss carlos ghosn‘s trending in the business news this morning? on business insider — martin luther king‘s daughter slams mark zuckerberg for invoking the civil rights movement. zuckerberg gave a speech arguing facebook is a vital tool for freedom of expression. bernice king says disinformation created the atmosphere that led to mlk‘s 1968 assassination. bloomberg tells how the world‘s longest flight aims to beat the curse ofjet lag. qantas will ditch the traditional in—flight service routine for this weekend‘s marathon non—stop trip from new york to sydney. apparently lights will be bright and food will be zesty. and the wall streetjournal has more on aramco. saudi crown prince mohammed thinks his oilfirm aramco is worth $2 trillion, but investors have other ideas. and don‘t forget, let us know what you are spotting online. use the #bbcthebriefing. up next: news briefing. we‘ll take you through ther stories making headlines in the global news media today. police have arrested more than 700 people duri

it is still feeling the effects of the dramatic departure of its former chairman carlos ghosn following that, profit that the company have been plummeting. there is rampant infighting in the boardroom and, of course, its relationship with its industrial partner, renault, is on the rocks. so makoto uchida will have to sort all of that out. he will have to smooth over ruffled feathers at renault while appeasing people within nissan who want to protect the compa ny‘s autonomy within nissan who want to protect the company's autonomy and he will have to boost profits, which means cutting costs. sorting all of that out means he will have to keep is a very much on the ball all of this will start to be a very bruising encounter indeed. briefly, let us have a look at the asia pacific markets and how they are faring in mid—morning trade. they are mirroring the fall on wall street ahead of the us china trade negotiations on thursday. thank you so negotiations on thursday. thank you so much for investing your time with us. so much for investing your time with us. i'm rico hizon. bye for now. the pa

>> it has been one year since the arrest of carlos ghosn in japan. command at the time was seen as the continuity of strategic and operational the time. at but he has also been seen as the last hold of carlos ghosn and clearly they wanted to see some change in third second, there have been reports of tensions between the chairman and the ceo. the ceo has been seen as the architect of the failed merger with renault and field. even though the chairman did support the idea, he is the one who said we are definitely abandoning the idea. this matter is behind us. couldy, the french state also want to see some changing governments. the finance minister was telling us in luxembourg that they did not want to interfere, but they would support the chairman of the board. changes,has to be any it is a very brutal move. he said in an interview yesterday and he found that through the press that the chairman wanted to replace them. matt: thank you. talking a little bit about what is going on in renault and publicists -- publicis. this u.k. bank is rising after const

lawyers for carlos ghosn, the former boss of the japanese carmaker nissan, have called for charges ofconduct against him to be dropped. at a pre—trial hearing in tokyo, they've argued that japanese prosecutors had colluded with nissan, and the whole case against mr ghosn had been politically motivated. the french—brazilian businessman was arrested last november, accused of underreporting his earnings and misusing company assets. there have been more clashes between protesters and security forces in chile. protesters have rejected reforms from president pinera, aimed at ending days of violent unrest. they say it's not enough to heal deep social and economic problems. at least 15 people have died and more than 5000 have been detained in protests so far. president trump says the united states has brokered a permanent ceasefire in north east syria and that he's going to lift sanctions against turkey, after being told ankara will stop military operations against the kurds. fierce fighting has forced hundreds of thousands of civilians to flee since turkey began its assault on kurdish fighte

firms that relationship has been on the rocks after last year's shock arrest of its architect carlos ghosn on allegations of financial misconduct which he denies. boss mr teeter will be dealing with the slumping profits at nissan i'm chatting more than twelve thousand jobs as an answer earlier this year. finally for me can you rent control law help solve california's highs in crisis. governor god gavin newsom is signing a bill which will cap rent increases at 5% plus the rate of inflation per year and make it harder for landlords to victor tenants. california is facing a major highs in shortage with the largest number of homeless people of any state in the us. this measure follows similar moves being passed in oregon and in new york earlier this year housing advocates say that rent control went south the problem. of a shortage of humps. stephen thank you very much stephen carroll that with all the business great to see. this call studio james creeping with me what's getting to you sir i'm i'm lookiking at rex i is online to china's pressure on foreign organizations organizations such as- t

poorly designed to cut the firm's remaining links with former boss carlos ghosn the ex ceo who's currently facing trial in japan on charges of financial misconduct. meanwhile the outgoing ceo bouldlder has slammed his ouster calling it a coop. so unisex has the details. a management shakeup off to an extraordinary board meeting. formal run chief executive tfe below hades announced his removal as a coup. the company chairman john dominique's enough it was a necessary move to turn the page more than a decade of leadership on the call us going. who is awaiting trial in japan on charges of financial misconduct. the new rules to for the hotelel this i. voa news new lease of lifefe requires a new leader who can inject in this company what ho no needs now.. giving teams room for you to open doors. and a major. intensification of responsibility and the tone of me. do not the city gets a measure of that i also just wanted to know. bullard raid developed a close relationship of going off the joining ran i'm into thousand twelve one climbing from one executive positions have enough. when going was ar

thierry bollore last week as it tries to draw a line under the scandal surrounding former boss carlos ghosnerberg says companies should not be able to censor politicians or the news in a democracy. he was giving a speech in washington dc following weeks of criticism over the firm's decision not to ban political adverts that contain falsehoods. china's growth dropped to its lowest level in nearly three decades as the trade war with the us continues to take its toll. the economy grew byjust 6% injuly to september. karishma vaswani is in singapore. so, the big question, why is china's economy slowing? well, ben, one of the main reasons has been the impact of the us—china trade war. that has affected business sentiment in china and it has also meant that factories are not able to produce the things that they have in the past and sell as much to their us customers, because they are being hit by these tariffs. a lot of companies are also moving out of china to other places to try and escape the effect of those tariffs. but there is also the fa ct those tariffs. but there is also the fact that the

mister potter i was appointed ceo after the previous boss carlos ghosn was arrested on charges of financial misconduct. hello i says that attempts to remove him are brutal and totally unexpected. news coming just days after new ceo was picked f for rentals papartner nissan. staying in france the tire maker michelin eyes closing a factory in the west of the e country witith the loss of f more thahan six hundrd jobs. just last month the company had warns that four of its fifteen french plants were underperforming. my son says that the factories in france and western europe generally are struggling to compete. yeah early reports. scenes outside emission entire factory in the west ron. management at the whole show you on not the site will close next year putting more than six hundred jobs on the line. mission and have pledged to find the employees new jobs in one of the fourteen other factories across the front. but union representatives the worried they'll be more closure. we fear thatt in the years to cocoe there will l be no more me slot factories at all in france. they wilill just be a a ni

they have been under strain since carlos ghosn was arrested last year.ould be a catalyst to reopen mergers with fiat chrysler, certainly with ci ti. --rcore more circumstance evercore more circumspect. alix: thanks so much. sonali joins us looking at we work. sonali: bankers are working out a new financing passage -- package as soon as next week. position ofe in a real distress if they do not figure out the financing package by november, which is a lot sooner than we thought. we estimated they would run out of money by spring. now you have j.p. morgan leading the finance discussions. according to the financial times, goldman sachs has set out this round, concerned about the is remaining to be seen how much they will put in by the end of the day. alix: the third copy we look at his pg&e. maybe the blackouts are done but still a lot of problems for the company. brooke: a lot of problems. shares falling 29% yesterday. shareholders panicking at the prospect they may be wiped out in the bankruptcy plan. the bankruptcy judge yesterday stripping pg&e of exclusi

renault and nissan are working to put the carlos ghosn era behind them.eathe new life into its alliance. there's a change at the top of your us -- of europe's largest software company. bill mcdermott stepping down at acp. he will be replaced -- at s.a.p. he will be replaced by co-ceos. italy joining france with a new tax on digital companies like facebook and alphabet. that raises the possibility of u.s. sanctions. that u.k. and germany are among other european nations considering a similar tax. that is your business flash update. let's get a quick check of what's been going on in the markets here. i guess this is a decisively risk on day here, definitely on the u.s. side. the dow jones industrial average up about 1.5%. the nasdaq, a lot of tech stocks rally and hard, up 120%. you have a lot of -- up 1.8%. . you have a lot of subsectors up. small caps up almost 3%. transports up almost 3%. the vix down on the day. your 10 year yield up about 21 basis points this week alone. in europe, we are looking at european stocks trading strongly. the dax really outp

the declines were less than the big drop that was expected, clearly showing signs in the post carlos ghosne company is struggling. again, their decline was not as bad as feared but it shows that the deliveries increase 18%. of 21%.steeper drop if we go to toyota, it's all sales down more than 16%, even with its namesake. lexis dropping and other top noted brands. deliveries fell for almost every model including the best-selling crossover and camry sedan. honda had a rough september. the concern here is that this is the beginning of the end for the ride that the automakers have had. we are seeing decreased demand for a lot of the autos and what it is going to take to move them off a lot. it could be much, much heavier incentives. the average incentive in the september period was an average of $4100. so that is really going to continue to put pressure on these stocks. it is about how gm and ford report on wednesday. will they actually beat the decline that has been forecast? that will be interesting to watch. paul: su keenan, thank you for keeping an eye on that story. the chairman of three

we know last months nissan, which is struggling after carlos ghosn, was struggling, and the loss of other. we will continue to bring data as they come in. type your latest bloomberg business flash, look at the biggest bloomberg stories in the news. sony has cut the price of its playstation now videogame service in half. the new price reflects increasing competition online. sony has also said it is adding limited runs of popular titles such as grand theft auto five. sony is the into steep -- industry leader in video games. thanhas struggled for more two decades to whenever buyers in the world's fourth-largest auto market. manufacturing in the euro area slump last month. new orders saw the sharpest contraction in seven years. german factories experience their worst month since the depths of the financial crisis. that is your latest bloomberg business flash. guy: coming up, our global battle of the charts. it will get competitive today, let me assure you of that. that is up next. this is bloomberg. ♪ everyone uses their phone differently. that's why xfinity mobile lets you design your own da

he had replaced carlos ghosn after he was jailed.companies. >>> this is my favorite story of the day. archeologists in italy have unearthed a well preserved fresco depicting fighting gladiators in pompeii. the new discovery was unveiled today. it was found on a wall beneath the stairwell of what was probably a tavern frequented by gladiators that is the news update this hour guys, back to you. >> turns out we all love pompeii. >> absolutely. >> how can you ever get enough it's fascinating. >> they keep uncovering new treasures. >> it's wonderful. >> sue, thanks very much china's vice premier arriving at the white house as well with the rest of the trade delegation we showed you he will be meeting with president trump in a few minutes time the dow is still near session highs with gains of more than 400 points right now same for the s&p and nasdaq. all the major averages within about 2% of their all-time trading highs today. oil prices are also higher, but different story there. its claims from iran that one of its tankers was attacked

. >>> lawyers for carlos ghosn seek dismissal of charges against the former boss of nissan motors.it represents an unlawful collusion between the car maker executives and prosecutors to oust him. he is accused of misappropriation of funds and misconduct back downtown to you guys on "squawk alley. morgan, i will send it to you. >> sue herera, thank you. >>> more to come on today's big earnings movers, twitter and tesla. later, why our next guest says mark zuckerberg needs to retire. w dmontck in a me doisown ten. stay with us a trip, huh? takin' it off road station wagon, eh? you know it's an suv! your family is duckin' and rollin'... while we stowin' and goin' but that's cool, i know for a fact your suv does not suck. and why is that? it aint got that vacuum in the back, whoo! sucking stuff up! what else are we gonna find? we got to go. vacuum in the back, hallelujah! get 0% financing for 60 months plus $2,250 total bonus cash on the 2019 chrysler pacifica. >>> surprise profit, record deliveries mike volpi is with us. talking about the quarter. good morning good to see you. >> good

pastare working to move the carlos ghosn era.lobal news, 24 hours a day on air and at tictoc on twitter, powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. wrestling chin in hong kong, thank you so much. there's a possibility for a deal after talks. live in brussels next after we talk on whether this could get negotiations back on track. if you're traveling to work, tune into the radio. this is bloomberg. ♪ nejra: this is daybreak europe. i'm nejra cehic in london. matt: i'm matt miller in london. happy friday. let's check in on markets in asia. juliette saly from singapore. michael: happy friday for the markets -- juliette: happy friday for markets. the latest on the trade front giving a boost to investor sentiment. the msci pacific index the biggest jump since august, on track for our weekly gain. you can see the nikkei in late trade, over 1%. south korea had underperformed in the region, given wednesday's holiday, also looking solid. the csi 300 tracking higher. you can see the o

in japan, carlos ghosn pleaded guilty -- not guilty to all charges.of a conspiracy and blame the prosecution and nissan. he was arrested for alleged financial misconduct. elon musk flipping the script on those who doubt tesla, the electric car maker delivering power -- positive earnings that no one saw coming. tesla's third-quarter profit margin were better than expected , shares surging in the premarket. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. tom: let me do a data check. five days in a row, dead. i have not seen this in ages. talk about range bound. flat. spread, flat. euro, flat. oil not doing much. a huge earnings day today. francine: i am looking at equities. they are a little bit on the upside, focusing on better than expected earnings. growth helpedte investors shrug off signs of inflation -- recession. , fiveooking at the euro year five year inflation swap, a good indication of concerns the e.u. will face w

working ton they are move past the carlos ghosn era. he is also defending his record at renault.axing digitalt companies such as facebook and at-bat that follows france's similar initiatives and races prospect of u.s. sanctions, and initiative to pose abroad levees. other countries are mulling similar digital taxes. global news, 24 hours a day on air, on tictoc, and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine? you so much.nk an explosion on an iranian tanker has reignited fears of unrest in the middle east. iranians national chemical company said it was hit by missiles from saudi arabia. but get straight to our guest. thank you for speaking to us. is once again the one thing markets wants to know about. are we still trying to get to the bottom of exactly how many missiles struck oil tankers and where they came from? do we need to get used to these kind of attacks? >> we seem to have is a pattern of skirmishes. it is not the full-blown oil crisis and it will deftly be a big macro issue. probability the that