china business news report. he was the largest domestic supermarket chain stores walmart and uncle ty to report the fire pole the court to the new puppy when we got twenty percent of current suppliers. that alone tells me to thirteen the copied over one thousand compliant. the new call to cut out around two hundred suppliers. the plight of china business news that the new band arbitration to use that water will collect the next year the collective suppliers to give the four hundred of us. but fifty five thousand dollars for the few that you can charge the plant has now been charged for each type of product. i used to pay fifty thousand us dollars to the supermarket and he crawled out of its products but now after the new puppy that it soared over three hundred thousand us dollars a compact example who are protected for dollars taken by surprise. it didn't help or two dollars repair the peak in the film along with the three point one million dollars. white actor turned twenty three fewer than three. supermarket i

china business news the financial newspaper release. the interview to become a tricky way for admissions officers to pocket money. in a monopoly and three colleges. on the powerful position the new convert those that i can to bribe the people in universities to get the kids in one hundred of you and what not to puke out the mckellar complete no big dumb for brian. an email to be higher than that. one hugely publicized broderick and with that of using chalk the story broke in two thousand ten. you see thomas the former head of the education department did you think rock. the bride totaling about one hundred ninety dollars us dollars. he is able to view the position of power from two down from five to two thousand and eight. finally kind of life in jail. chinese media but the interview that given the official the chance to exploit the damage it did according to the role the end of an ever present to that special talent. i can't even think they can also apply to top universities. even if their grades are not very good. due to attend intervi

china business news cited data. the hong kong government issues of this year the government took over five thousand five hundred acres to the end of two thousand two hundred mainland chinese people. over one thousand seven hundred of them are convicted criminal and a long prison terms for years. here the hulk on immigration department the piece over three thousand seven hundred suspicious pregnant woman from mainland china and turkey and on call. apart from that when these babies grow up a tiny can also start to worry about educational issues the gold out of the hong kong education zero them to condemn them into the debate over five thousand eight hundred students were studying hong kong but with the intention. the train to the club in two thousand total number stored in nearly thirty thousand. if you're sticking out. the twenty seven percent increase compared to the previous year the limited educational resources have been a more difficult for parents and school for the kit. here's what you can receive multiple mis

finally the china business news the chinese government plan to restrict health care we can expect here. officials in the time we got administration. in the title meant more restricted the management of the country's health care we impart market started generate first about fourteen the new regulations forbid chinese companies reducing started importing any health care. we had pot. delta said that an equal part of your certificate to only be used for what to do proper china's health care market a rapid increase in recent years. data from the time to alter the kitchen chose the country's health care fraud build volume reached two hundred peaking between us. the forty three billion dollars in two thousand ten it g me to turn back to my actually the one hundred billion dollars by two dozen cookies. covered until the pork product quality. all of them are to be any market chinese companies to manufacture certificate for your product will still owe him for thirty to fifty thousand dollars each the label their products their own brand. the china free drug administration that the crew made up t

finally the china business news widgets and i've detailed map to air purifier. she had terrible air pollution last week other nearby cities like nine gmt on the problem also told the paper included in the day the bad weather which detailed the air mass in pure fires that evolution pm two point five now complete the look on fifty three million yuan about four hundred ninety thousand us dollars in the past week. two million the maps were sold last year twenty million people have never been here for two hundred to write market demand. meanwhile air cleaners are also going to launch a high home to one of the topic of study. demand is high but knowledge about the products are many effective products are on the market in early may this year to hike to ripen interest committee recently tested twenty three after fires on the market the result of only two of them could reach ninety nine percent purifying effect. and with the word at the open air cleaner the map. when the credibility of a product that actually work. don't go and get back to money matters were talking the

china include new intel express. the four companies occupy nearly eighty percent of market share for china's e commerce business. hover over fifty percent their stores our friends the blues affiliation to the headquarters. some companies are eighty percent all the perth company for a larger market share the tumult and oppression for opening a branch individual been attending a print i can be around eighty dollars one hundred thousand dollars to enter the market open to every story. several counties. the project would be reluctant to thousands of dollars. under the name the four big companies the stores are independently operating been responsible for the improper to love that each era when somebody came and what constructive even part of revenue were pardoned and into the parent company the brink of the never intervene in the operations of the branches. no portion to read them the tactic on the packages. roll dough into four teams the need to be used by the doors. all the branches have competitive prices. we years ago the average profit margin for express company was about twenty percent. and now the profit marg

. >> on to business news, china opening up wireless market for more competition and microsoft co-founder looking to sell private land. >> good afternoon the government has granted licenses to 11 companies to start offering wireless service including hide china and affiliates. mike lazary. tus sold $26 million in stock this week cutting ownership in the company and also ended a partnership with goldman sacks whochl he hired to evaluate options >> paul allen sold a private island for $8 accessible by plane or boat. >> u.s. stocks today, bloomberg silicon valley index also ended the day higher. and pop singer justin beeber gave fans a scare after he said he was retiring the star announced this move christmas eve and told fans i'm never leaving you, thank goodness. >> thank you >> relief. i was worried for a couple days there. one mistake led to deals for delta airlines flyers. delta offering round trip tickets for $20 around 6:00 in the morning. abc news found a $40 fare spencer going oh, why didn't i see that one? flights offered for $five. the airline said it will honor the fairs. >> that

new facilities in san san francisco. i look forward to the center becoming a focal point for united states and china. to further their research to open up a new era in business 13 from the japanese folks. thank you very much >> (clapping) >> okay. so now i'd like to ask an important dpoifts to please come to the stage for a brief speech. i'd like to ask mr. mayor ed lee give him a round of applause >> thank you, my japanese is not as good as yourself. i'm glad to be here as the mayor of san francisco and joining jane kim in welcoming the first international incubator right here on market street the innovation capital of the year. i want to thank the general for being here per he's here because he knews we're an international city. we host some 72 foreign consulate offices here. we're host to 18 sister centralize and one is in japan. i'm delighted that today on this wonderful announcement of digital garage 707 is in the heart that combination of the digital garage incubator headquarters in the innovation corridor. i was talking to some of the media they know this is part of our commitment to market street. that we want this to be the incubator innovation for

higher labor and environmental costs pose challenges for business, according to the commission. china's new president is trying to restructure china's economy to be driven by consumption and services, rather than exports and investment. a nationwide strike in cambodia is snagging production in the garment industry. workers also want to oust prime minister hun sen. they say he won his election through vote-rigging and has boycotted parliament for more than five months. workers are protesting the government's decision to raise the industry's minimum wage by 19 percent to $95 a month, starting in april.it falls far short of union demands for $160 a month. garment workers' salaries are currently equal to wages 13 years ago, after adjusting for inflation. back in the u.s...more than 335-thousand american express customers may see refunds to their accounts if they haven't received them, already.the consumer financial protection bureau has ordered the company to refund 60-million dollars to customers for what it calls "illegal credit card practices."the federal agency says american express charged

china. new devices like smartphones and tablets. overall we're still a small business. we're only a $50 billion worldwide industry. there's a little bit of changeover. people start to slow their purposes. they wait for the next new exciting thing. we have the xbox 1 and the playstation 4. >> it changes people's patterns. they don't buy on the day of launch. they way to see which system they will pick up. they wait to see what they end up buying for under the christmas tree, correct? >> they do because they're not sure. the device are in such short supply. you don't know if you'll be able to get them at all. until you know exactly what hardware you've been successful to purchase, you don't know which software to buy. >> what do you expect to see just with sales for these new consoles. it helps to have them out there as people buy new games and update the old ones. >> these boxes are fantastic. consumers will be very excited by them. they offer a whole new set of features and functionality that consumers will really enjoy. over the next five to seven years you'll see the i

new ball. the article post on twenty percent of business herald said the new policy would like to be more positive increase social pressure to the new puppy might improve china's population structure as a result. part of the factors that affect the population structure that other ninjas are the most important factor in changing the population structure. the article pointed out that the chinese government wants to prove its population structure to encourage people to give birth this really possible no child bearing age and are being put in china. even though the number of new born baby is increasing it to bear more pressure when they grew up. if they get married. i have to take care of the parent. meanwhile the need to take care of the young baby. the article above to be a great economic pressure and mental pressure to them. the article worried that the shoe mostly chinese colleges and universities trail roman expansion plan the postponement of their native well. the article that would be a total turn in china. apart from the governed to change it its report to govern to do some other things to tackle he problem. the article suggested that the chinese governmen

if you want to be a bank that except that going, if i want to travel there or start a new business in chinaitcoin, but if i want to go to india, that's a good idea. in europe it is widely accepted. >> , on. >> show us the coin map.org map and i will show you how many places take it going. it's amazing. each one of these numbers because there are so many places that take bitcoin, we had to -- 13 in this one spot in the uk 99 and one spot in the u.s., 59 near san francisco. 75 down in san diego. >> there are only two stores in newfoundland. >> that's not true. >> people have tried to think of what can bring bitcoin down. i have been running these scenarios -- either nobody will accept it as a currency or some new currency comes out like light coin or zeta coin. or there is a flaw in the software and it ends up getting hacked. one thing i did not think of is -- what if regulation around the world outlaws it? >> like thailand or costa rica. >> we are a command economy, in complete control of everything economic in this country. we are this communist party that is holding onto power as tightly a

china it has become a problem. i looked at where we can use bitcoin for my new business. china is a problem.y have been on an ounce of the rampage as if they -- an absolute rampage as if they hate this freedom loving currency and they want to beat the light out of -- life out of it. >> sounds like if you are a believer. >> bitcoin is about freedom. china is not. >> he is a believer. >> they said banks can't accept it. any third-party software companies that want to help merchants can't use it and then they said the biggest exchange and the world can't use it. canada has been very accepting of it. >> of course. >> although only a few people live in canada, there is an atm in vancouver where you can get it done directly. i put the u.s. in yellow was kind of a maybe because you still have to -- there is a lot of regulation. we are at the very beginnings of bitcoin in trying to figure out how to regulate it. governments are trying to figure out how to get as much money as possible. that is what governments want. >> if it is currency, it suffers a tax. but as an asset -- >> exactly. that is happe

china. regulators there have ordered payment processors to stop doing business with china's bitcoin exchanges. in turn, the country's largest bitcoin exchange has stopped taking new deposits. on china's bitcoin exchange, prices dropped quickly and steeply -- more than 25% the virtual currency had been experiencing steep gains of late but china's central bank has been warning that bitcoin carried substantial risks. in a switch -- jp morgan chase is on the offense in a lawsuit. the bank is filing a $1 billion suit against the federal deposit insurance corporation. jp morgan claims the fdic failed in its obligations to the bank after chase agreed to take on washington mutual. chase bought troubled washington mutual in 20-08 with an understanding it would be protected from libaility tied to its failure. chase claims in failing to live up to its promises the fdic has made the bank vulnerable to massive liability. a former b-p employee has been convicted of obstruction of justice. a jury found the former engineer deleted text messages from a supervisor and a b-p contractor to avoid a federal probe after the 20-10 oil spill in the gulf of mexico. sentencing will take pl

we've never had before like access to china and new developing markets, brazil, russia, new devices like smartphones and tablet's. overall we're still a small businessly a $50 billion worldwide industry compared to movies and television, which is a $500 billion industry. there's lots of growth and opportunity. what happens with new consoles, there's a little bit of change over and people start to slow purchases and wait for the next new exciting thing. we now have the new exciting xbox one. >> with the new consoles it changes people's patterns, they don't necessarily buy on the day of launch but wait until see which system to pick up and wait to see what they end up buying for under the christmas tree, correct? >> they do, they are not really sure. these devices are in such short supply, you don't know if you'll get any of them at all, whether you have an play station or xbox, until you know what hardware you've been successful to purchase, you don't know which software to buy. >> what do you expect to see, just with sales for these new consoles, does it eventually help to have the new consoles as people buy new games and update the old ones? >> the

business news today. apple announced a landmark deal. china mobile will sell iphones starting in mid-january. with the deal apple potentially reaches 160 million customers twice the population of the u.s. that's a huge potential boost because china is right now dominated by android phones and the iphone's mobile market share has been shrinking. >> tomorrow is the deadline for people to sign up for the exchange. a grace ozborne recently enrolled and said coverage for her entire family will be less than $500. up until now, only osborne's nine month old son had insurance because she says it was just too expensive. >> it's almost half of the cost now with all of us being added to a health care plan. so it worked out great for us. >> enrollment counselors at the call center were busy today helping people sign up. that call center will be open tomorrow. while tomorrow is the final day to apply for coverage starting january 1st. open enrollment continues through march 31st. >>> paying tribute to a place that's home to millions of bay area memories. alex sadvidge was at candle stick park and shows us

new york times has run a series of stories exposing j.p. morgan's practice of hiring the children of china's crim in order to secure business from the chinese government now the exercise was something of a quote open secret at the bank and violates several american laws federal authorities have obtained confidential documents that shed new light on the bank's decision to hire the children of china's ruling elite and the documents are actually pretty funny true story now the new york times writes the documents include spreadsheets that lists the bank's track record for converting hires into business deals and offer the most detailed account yet of j.p. morgan's sons and daughters hiring program was actually called sons and daughters are in program now one of the more entertaining exchanges that's detailed it comes from the records and it comes from one of the hong kong bankers of j.p. morgan the employee says quote the candidates napping habits will be an eye opening experience for our new york colleagues. wow ok so apparently napping on the job is not a problem if you're the kid of a big shot chinese executive that j.p. morgan wants to do b

new book stolons curse. up nt, tensions already on the rise with our mdle eastern allies over the iranian nuclear deal. china now acting of over new airspace restrictions that it is imposed a business, i constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me withnlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double mis on every purchase, every d. what's in your wallet? i needour timesheets, larry! ♪ lou: us take a look at global hot spots tonight. vice president biden today's in asia deeply concern with the attempt to unilateralllly change the status quo in the east china sea spirit is action as raise reasonable tensions and increase the risk of accidents and miscalculation. lou: the vice president stopped short of demanding that china wouldraw that declaration and that identification zone. in the ukraine tens of thousands of demonstrators that rejection of the european union trade pact which would move the countr

is it all china mobile and business that could come from that? >> that is newhe current quarter. not only the new ipad products but i do think china mobile would be another one. and third it will be capital allocation in early 14. david: thomas this, is the biggest mobile market in the world. we're talkinghundred million customers out there. how could this not be great for apple? why do you think now is the time to short apple? >> well, let's start by saying i always brought on when i'm selling apple or suggesting to short apple. there is a time to buy apple as this just doesn't happen to be that time in my opinion. i give you three solid reasons why, look what happened in thanksgiving to the stock price of apple. people expected this to happen. the stock's up 10% since thanksgiving. that is a handful of days to go. so the stock expected this news. i also say this news is big news. the china mobile market is massive. david: it is huge. it is massive. >> that is what is expected. absolutely. but it was expected. i would also call however apple's reaction today t

if you have a new one each day to brazil and russia and india and china, 40% of exports go through these areas. the need for a business angle. it will be so heated. know one party is against having a new runway at heathrow. the labor. the battle lines are drawn. >> thank you. >> the u.k. -- the ukrainian president heads to russia for a bailout. ryan chilcote. understand from two sources the ukraine is talking about borrowing this team billion dollars for russia. in addition, the price of gas. they get 60% or gas for russia. a discount on it would be helpful. one source that they could get 25% discount. earlier, ukraine went to the european union and said amy 27 billion. they did not get it. -- said they needed 27 billion. them into default. the only question are the russians really going to come up with the money? that is what the tens of thousands of people on the square in kiev wants to know. and opposition leaders said that. we know will get a good gas price. return? they in are worried that russia will uses as a way to pulling ukraine closer. >> how much does ukraine need of money at the moment? badly. by their go

china's before in an open up and bring our trip. licensed to a new stage the idea. david cameron has brought album from discount business delegation from various sectors including banking energy infrastructure information technology and healthcare. there were also three hundred chinese delegates from a chinese company. and i hit the summit in vehicles with that interested in wealth generation and generation. my curious and in the uk. china relationship is developing with very excited to be signing agreements with the standardization minister to china today. which is on the me too it makes good business and its method they use it on to stick with the countries in trade between the two countries and on business here in china via cycle it is sad to go off to work with and says that the country said to greg ups didn't expect that one and you just see what new steps camera will take the time education cooperation. this is the frisbee that that day the camera and tended and eighteen h on a uk business and that is the highest a double checked to see between the two countries. this here there are discussions on infrastructure t

new york times has run a series of stories exposing j.p. morgan's practice of hiring the children of china's crime data crim in order to secure business from the chinese government now the actual size was something of a quote open secret at the bank and violates several american laws. federal authorities have obtained confidential documents that shed new light on the bank's decision to hire the children of china's ruling elite and the documents are actually pretty funny true story now the new york times writes the documents include spreadsheets that lists the bank's track record for converting hires into business deals and offer it the most detailed account yet of the j.p. of j.p. morgan's sons and daughters hiring program yeah it was actually called sons and daughters are in program now one of the more entertaining exchanges that's detailed it comes from the records and it comes from one of the hong kong bankers of j.p. morgan the employee says quote the candidates napping habits will be an eye opening experience for a new york colleague. wow ok so apparently napping on the job is not a problem if you're the kid of a big shot chinese exec

business herald. to take it to mean big losses for time on the railway china's new high speed railway between shah mentioned in the opera in december twenty oh four to the chinese government announcement that it upright prefer but the two hundred bc when you look and thirty us dollars. lucky to be charged a little black and twenty five dollars. the final prices were above the previous proposal. just the ticket collector person in class to be charged fifteen forty dollars actively working to point out that one of the depressed because of the two point three billion dollars profit each year for railway operation. around one hundred million dollars deal to commend it. can i pay for interest on bank loans. last week for the pilot of the china railway corporation i read reported the recently become equal to fifty four under nineteen billion dollars. his brother coming to a ratio of fifty three percent. don't go away because of that money matters which ought to put in china station. phil gettin it on a few years back reaching the billionaire about giving up their fortunes for charity but he was driven out of shan

. >> >> in business news, apple announced a landmark deal with the world's largest wireless network. chinasell inches phones -- klien is dominated by an droid phones and the i phones global market share is shrinking. >> >> midnight is the deadline for those to el roan in coverage. one said getting insurance for her family will cost more than $500. up until now, only her 18-month- old son, ryan, who has diabetes has had medical insurance. >> it's almost half of the cost, now with all of us being added on to a health care plan. so it worked out great for us. >> at the call center in rancho cordova, people worked overtime. 23,000 people have been calling a day in recent weeks. >> >> ktvu. com has a special section devoted to the affordable care act. >> >> former arkansas governor hinted he is considering a second run for president in 2016. >> i'm not ready to make that tee significance, but i don't want to tell people i wouldn't open my mind to it because it would be dishonest at this point. >> huckabee said he will make a decision after the 2014 elections. he ran in 2008, winning the iowa re

new york city. we are looking at the year in global business. you can see right here the clock striking midnight in shanghai and hong kong, new year is underway in chinawn in mandarin in hong kong. you are watching a special new year's edition of "market makers." >> what are you doing for new year's eve? >> having a party with friends. >> very cryptic. >> it is my anniversary tonight. had to say.ll you congratulations. i am flying out to california. i will be behind the whole countdown. >> you will be celebrating every hour as you move west. >> bp wants the federal appeals court to block payments to people who cannot linger economic losses to the 2010 deepwater horizon disaster. the company says a judge in the case is ignoring a previous decision that required the court to determine if they need to pay a payout. train derailment in north dakota forcing the evacuation of more than 2000 residents. a shift in the mother could increase the risk of caring the smoke from the flames. investigators expect a second train carrying grain on an adjoining track could have caused the derailment. a new york general attorney investigating after an insurance company d

china and keep the rest of our business moving like it has in the past. taco bell in the united states is an overwhelming success story. a lot of news innovation and values so it is a business, you have to slug it out every day in this business. it is retail, you have to win today and tomorrow. the bottom line is we think we will win many more days then we will lose. >> as you have gone into these marketplaces. given i come from zimbabwe, hope you have a big impact in the continent. how are you adapting to the cultural areas? >> the greatest strength of our company is we are decentralized and we provide central support but decentralization is key to our success. the first thing we focus on is getting local teams to understand the market. i have never seen them have that much success in other countries, so we want locals tailoring our menu to the customer base. so, it varies. in india we just launched an all new line of products because vegetarian products are important. liz: that leads me to chipotle which is a competitor in a way to taco bell. here you are going big on the tredoritos taco shell. will you try to work a little more c

china, the leg of this tour will be business like. relationships were already strained in ongoing disputes over remote islands in the seas, separating them. china's announcement of an air defense zone raised tensions to new levels. >> this is very delicate position. it has to strike a careful balance between reassuring and trying to restrain, you know, out of china, but trying to cooperate with china. >> biden is perhaps the best person in the current u.s. administration for doing business are china's xi jinping. even before she became president both sides nurtured the relationship between the two men. analysts question how much it will counselled, given the sensitivities of the disputes. >> xi jinping would like to take a tougher stand on foreign policy issues to shore up his popularity, and the senkakku islands or the diaoyu island islands dispute is very sensitive in chine ha. leaders cannot afterward to be weak in dealing with japan or the united states. >> biden's visit is seen as tangible evidence of the u.s. pivot. it's a strategy recovering from the recent debacle at the apec meeting of regional leaders, a meeting that the u.s. president withdrew from at the last minute because of his domestic bu

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. >>> going to take a closer look at the business of mayrijuana o my new show at 11:00 eastern. >>> and later, china'sst lunar model. >>> and one of the most intense games in college sports history. oh, my gosh, did you see this game between auburn and bama? did the coach cost his team a win? a subaru... ...are the hands that do good things for the whole community: the environment, seniors, kids, and animals. that's why we created the share the love event. by the end of this year, the total donated by subaru could reach 35 million dollars. you get a great deal on a new subaru. we'll donate 250 dollars to a choice of charities that benefit your community. it feels good to be a helping hand. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. >>> we're back with tonig

china to munch on. no with that he had much time to let go of the center for the business ethics at the new testament national business and economics at me standing over the chunk thank you very much for your time now and said just think i take on erin's to mina. he seemed to mean painting of a backwards to appease the chinese leadership. what impression do you hot the audi is demonstrating a very strategic vision that to the accompaniment thirty of these awful country's economy up reveals everything. they all there is some political awe of friction and some typically fall one by law must issue was brought to the table. and well ideological differences can really exist because the economic operation will do me and the benefit of the quality of life for paul's countries. so therefore it is really the intention from all sides to war hawk closest to them closer together and set aside other differences. the uk has also don't wanna be up high in the meantime i see that yes. i had to write sad that the uk seems to be china's one of china's four minus three takes on a few minor points that doesn't mean that said thi

david cameron is to live in china on monday beating one hundred strong trade delegation to bolster business. december marks world aids day twenty years kelly during baht in new hiv infections and rear brake and gas will want. the law come from a genial watching cctv new zine bomb among thai anti government protesters have rejected the army's offered to mediate talks to restock the current political conflicts. well classes in bangkok have left at least two people dead and forty five others winged it leaders of the anti government movement insists that can pass a month about to fly to the dentist until taxes prejean is character when and the protests erupted in violence on saturday and continued into this morning forcing prime minister in latino want to leave that to wave to one undisclosed location. protesters rallied in front of the national police headquarters outside the government house the scuffles broke out and please find teal again someone attendance at protesters. we allow officials to bangkok residents to stay in their homes for their own safety the demonstrations began a week ago. protesters say the government serves the interests of him likes brot

. >> business news, san francisco based cap is now banning the sale of any product containing angora. it's soft fur often used in sweaters and scarfs. recent video shows abused in china safeway says it will no longer get pork supply from companies that use controversial cages. the pigs kept in very close quarters confined cages and they can barely move safeway says it hopes to eliminate all of the crates from supply chain by next year. >> today shades of bat kid happened on a smaller scale but for residents monica romo's day came with a strong message. >> in vallejo, a stolen car, a chase... >> then, i heard a crash. then, two people running. that is it. >> in the front seat, monica romo. >> what is going on? . >> i don't know. >> she found out as soon as she entered the grounds of penny cook elementary school. she came to be celebrated by friends and read something for more scenes like this. and she played the role today. >> next stop, local high school. then, steps of city hall where this wise 10-year-old compared her fight with vallejo's to rid its self of crime. >> very moving. and makes our battle seem small. >> she said she wants to be a teacher. today, maria m

china, they're opening up for business. so there's going to be a lot of positive news that's coming out of an area that's significantly underperformedwhat do you make as you view of how the u.s. market has traded these last few days and how that sets up between now and the end of the year if we're going to get this so-called santa claus rally or not and whether the taper is priced in either the equity or bond market? >> yeah, because it's very hard to underestimate either the will for markets to grind higher or for investors to close out their positions. and try and lock in substantial profits that they've earned towards the end of the year. so they're going to be more susceptible to news flow and to reacting far heavier to news flow because obviously investors have already closed out and volumes may be lower. but in terms of the fed tapering, it's looking more likely in terms of there being less of effect in fixed income. however, we're in the midst of holiday season, holiday spending. and there's a concern that the fourth quarter may have restrained spending because of the inventory buildup in the previous quarter. and with that l

new york times" was afraid to say it was violating any law. it would be a bribery law. is it a bribe to -- not that you can do business in china without bribes. is it a bribe to hire someone's son or daughter -- >> not clear to me. that's why i said, it has to be organized as a quid pro quo. >> if it's secretive, if there's things that people don't want to be known about it, i think that's a different situation. >> i think they did do it that way the way they did the spreadsheets. now they're saying they did the spreadsheets because they thought people were not really being truthful. they said they were bragging about the revenue and they wanted to see if it was real. >> i don't know. >> i think it's a tough case to make but i also think there are things you wanted to hide, if there's something secretive you didn't want to be known. >> it wasn't like the people were being not paid on the regular employee rolls or that they were working but then were really going on vacation. it wasn't like they were being bought off. they had a real job. >> it is a tough case to make. and you pointed out in the past that, look, these are also

china's financial institutions are warning against trading bitcoins as the bank admits while there are risks, it could still use the currency. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. hello. a warm welcome to the program. the government has just unveiled an $18.6 trillion yen stimulus package which includes 5.5 trillion yen in fresh spending measures. this is to offset the accuracy in the sales tax which is coming in in april which raises the rate effectively from 8% to 5%. it follows the unveiling of a 10.3 trillion package back in january. a number of measures will be expected as far as this package is concerned. particularly for those on the lower income as well. we will get those measures as soon as they are announced in detail. >>> also coming up on today's show, hopes fade at wto talks as food sebsydys remain the sticking point. we'll be in bali to get the latest on the push for a trade deal. >>> not loving it. fast food workers go on strike over low pay, but will it make any difference? we'll discuss the pain at 11:30 cet. >>> india's party looks to make gains in key elections. we'll be in dehli in just over half an hour. >>> and move

china mobile selling apple products, that could mean an additional $10 billion in annual sales for the company. josh lipton, "nightly business report" silicon valley. >>> j.c. penney had happy holiday news to report after the market closed and that's where we begin tonight's market focus. sales rose 10% compared to last november. sales on jcp.com were stronger. the stock rose in after hours. shares were up 1% to $10.11 in the regular session. groupon posted record sales this holiday weekend with more customers logging on to score savings. the daily deal site reported that black friday and cyber monday were the two biggest sales days ever in north america since the company's founding. the good news sent the stock up almost 4% to $9 and change. >>> shares of pharmaceuticals soared, they wilmar cut and oncomed will study the treatments and they will take a 5% stake. oncomed doubled price to $27.70 and cell gene fell. >>> a high flier on the first day of trading. the biotech company went public raising 70 mmds in the ipo. the stock rose more than 51% to $8.34. >>> the activist investor engaged capital is engaged in shaking things up at abercrombie and fitch. the letter says selling the stru

new high. the topix's sharp rally shows a strong trend. other markets across the region remained close for a holiday. it was business as usual in china with the shanghai composite seeing a decline to a four-month low. thailand's s.e.t. climbed to 1,308, releasing a recommendation that a scheduled poll should be delayed following renewed violence by police and ant government protesters. the dollar-yen roughly at 104.76, having it hovering around a more than five-year high. the turkish lira dropped to a record low on the country's political turmoil. >>> a japanese government panel is urging companies to offer more flexible and favorable working conditions for women and older employees. this policy aims to help the japanese economy grow amid a shrinking population. a subcommittee of the government's industrial competition council has drawn up recommendations. the panel say it is work environment should be adapted to take in motivated and capable women, senior citizens and young people seeking careers. it calls on companies to offer full-time regular positions with limited transfers and job classifications. that's to make it easier for p

business news for this hour. i'll leave you with a look at the region's markets. >>> the u.s. secretary of defense is worried about the possibility of an unintended clash with china's military. chuck hagel says both sides must create a set of rules for when their forces come into close contact. his warning follows a near miss earlier this month between a cowpens and a chinese ship. >> what we don't want is some miscalculation here to occur, and when you have a cowpens issue, that's the kind of thing that is very insind area that could be a trigger or spark that could set off some miscalculation. >> the chinese ship was traveling with an aircraft carrier in the south china sea. u.s. officials say it cut in front of the cowpens with less than 100 meters between them. hagel called the behavior of the chinese captain irresponsible. >>> the authorities in north korea have threatened to attack south korea without notice, days after photos were burned of leader kim jong-un. officials in seoul said personnel at north korea's national defense commission used a military hotline to send the message. the north koreans said if provocations against their leader are repeated, the