as far as europe, china and southeast asia. as faras i'm aware europe, china and southeast asia. ly been one reported case so far, a man who flew to brazil having been in china. so it'll be interesting to see what the president has to say. we are expecting him to speak in the next few minutes. he may also be asked about some of the other worldwide reaction, and updates that are happening, some of the big decisions, for example france's decisions, for example france's decision to ban major events, including tomorrow's paris half marathon. so that is the scene in the white house. they look like a couple of singers, don't they, about to croon a duet, but i don't think they are going to be singing a cappella hail to the chief, i think they are just ready to pass microphones out to journalists waiting to ask questions. but for now, some other news. people with mulitple sclerosis often struggle with balance and co—ordination, so an activity like ballet might not sound like the ideal hobby. but studies have found that dance can help limit the impact of those symptoms. the royal ballet is

it is evolving, it seems, hour-by-hour. ,or us, unlike greater china southeast asia has been largelyed by the outbreak. having said that safety is of primary importance. with therking government to prepare contingency plans in the event we need to take action. so everything from contact tracing to preparing enough facemasks for our population. taylor: i want to speak to the fundamentals of the business over there. you are trying to become a super app. what sort of opportunities do you see in that market? has been an amazing year for us. last year alone, we launched nine new services from on-demand video. today, we are the largest ridesharing platform. we have launched the first micro insurance products. bid forhed the first our partners. in 2020, we were very focused on two priorities. considering -- continuing our profitable growth and then continuing to broaden out the portfolio products we offer in financial services. profitable in some of our most mature verticals. the key is to continue pushing profitability and we do that through our platform. way that we think about is unique.

he will focus on china's activities in south, southeast asia. next we hear from [inaudible], am i pronouncing it -- >> [inaudible] >> research associated at the african center for strategic studies at the national defense university. he is an expert on china africa relationships partnerships between the africa and east asia and the african security issues. his forthcoming book, manuscript examines the influence of traditional chinese strategic culture on china's military strategy in the western pacific. he also has a forthcoming book chapter on china's expanding influence in africa. he will testify to china's military activities. >> thank you, thank you to the commission. it's a real pleasure to be here but i was asked to speak about their projections specifically in south, southeast asia. to do that i think it's useful to break chinese capabilities and china's efforts into different categories because the more we talk about chinese petitioner capabilities we're not talking about the same things. within southeast asia the most important way china

once we had outbreaks in europe and it wasn't confined to china or southeast asia, this was always likelyand of course the big change this time is the u nfortu nate big change this time is the unfortunate gentleman who appears to have caught coronavirus or who has cut coronavirus without actually travelling, and there may be, they may be able to trace particular contacts with friends who had travelled, but it is also possible that he just picked it up through travelling on a bus or train or some such. in which case, it is going to be very difficult to track it back. ido be very difficult to track it back. i do not know the person's situation of course. because of patient confidentiality, it is unlikely we will learn anything unless he chooses to say anything publicly, but hopefully he is recovering. it highlights two things, i suppose. number one is the issue that has been mentioned before, people often go to the gp without knowing what is wrong with him, and this is one of the situations where we are being encouraged to call in rather than going, and it is a difficult call, isn't it, for

southeast asia. he is author of the south china sea in focus. clarifying the limits of the maritime dispute. he is a coauthor of many other works, he will focus on chinese activities in southeast asia. next we will hear from -- am i pronouncing that right? research associate at the african center for the strategic studies at the national defense university. he is an expert in china africa relations, partnerships between africa in east asia, an african security issues. his forthcoming book, manuscript, examines the influence of chinese culture on china's military culture and say craft in the pacific. he has a forthcoming book on china's extending influence in africa. he will testify on chinese military activities. mr. poling will start. >> thank you, and thank you to the commission. it is a pleasure to be here. i was asked to talk about china's power protection in south and southeast asia. to do that, it is important to breakdown chinese capabilities and efforts into different categories. because when we are talking about chinese basing an expeditionary capabilities. we are not talking about t

not only china but southeast asia.ping we get through this in the next few weeks and get people on the road again. >> is it realistic to think the aerospace sector will get back to growth in 2020? that has been the expectation. >> iata forecast for the asia pacific region growth of 4.2% in 2020. that was a protection issue at the end of 2019. overnight, the pundits as they do a bottoms up analysis, looking at the traveling going on. they are now suggesting that could turn into a -2% or a -6% or -8%. we simply do not know as we sit here today. it is fair to say pragmatically that growth of up to 5% in the asia-pacific region is not going to happen in 2020. >> let's talk about the coronavirus. you restarted your chinese plants, over the last two days. i'm curious as to what kind of effect you see the coronavirus having more broadly, in terms of your supply chain? and in terms of your customers. >> is exactly the way we look at it. when it comes to customers, it is mainly our chinese customers the chinese airlines, mainly

is that in the early days of the coronavirus outbreak it seems to be largely confined to china and southeast asiaere feeling the impact of looking at the potential impact of looking at the potential impact of disruption to the supply chain, they are assuming that is as far as it went. what we have got now is other cluster is emerging around the potential for disruption to be that much greater and we've had a lot of companies warning that this is going to head their profits. even if they can't quantify by how much. investors are reacting to that and is almost an element of panic here, so is almost an element of panic here, so people are selling off shares because of fears earnings are not going to be as high as they would otherwise be. you have to remember, the share markets are the bellwether for what may happen down the road and this is about sentiment, but there are real fears all of this could hamper the global economy and the uk economy. 0ne could hamper the global economy and the uk economy. one of the people making that warning is mark carney, the outgoing head of the bank of england. in is

there are a lot of folks not traveling not only in china but in southeast asia.are hoping we get through this in the next few weeks. to thinkeven realistic the aerospace sector get back to growth in 2020? that had been the expectation. >> the governing body of airline growth of 4.2% a growth in 2020. as theyt, the pundits do a bottoms up analysis, looking at the travel, they are suggesting that could turn into a negative two or negative six or 8%. we simply do not know as we sit here today. it is fair to say pragmatically the growth of up to 5% in asia-pacific region is not going to happen in 2020. say this is worth 4.2 billion dollars. there is no number. can you put a number to it? billion -- that is the investment in cash that boeing will be paying the emory shareholders for the acquisition of 80% of aviation. separately, the aggregate investment we are looking at making if we decide to go forward, a decision will make in the fourth quarter. and what the do manufacturers would do, it is a multibillion-dollar number. it is not a number my board has any appetite

in global supply -- in chinae of the is going to lower the pace of growth, like greater china and southeast asiaen korea and japan in the first and second quarter. these impacts proven again to be temporary and we could half expect a fast recovery and consumer demand in the second half of the year. the market is always forward-looking. right now, the silver lining is the number of infection cases outside of the -- profits and china has been declining for 16 consecutive days -- province in china has been declining for 16 consecutive days. factories, more than 70% of them have resumed operating we could see a faster recovery and factory activities and consumer demand in weeks to come. paul: all right, margaret yang is going to be staying with us. first, let's get the first word news. >> we start with the airplane -- airline industry. it is expecting the first decline in air travel since 2009. while it is too early to predict the impact on profits, the virus impact will cut about $30 billion from revenue. chinese carriers will be worse hit. fleet80% of the domestic is grounded. mike pompeo has trav

china getting back to work. travel and aviation, all affected ? to work. travel and aviation, all affected? we have seen a very significant impact on aviation in southeast asiand from china, british airways has cancelled its flights to and from shanghai and beijing. a weeks to come. that has extended to the middle east, all sorts of pantries in that region have banned flights to iran, bahrain has said it will stop flying to and from dubai because lots of iranian people live in dubai and there are flights from dubai to tehran, so this is all starting to grow. and then there is south korea, flights to and from south korea, flights to and from south korea. the impact will get greater. we have already heard from the international transport association, it could mean nearly £23 billion this year. thank you, theo. nick, we have heard from matt hancock, how broadly would you assess the department of health is worried? how great is the worry? matt hancock has said he is still hopeful a pandemic can be avoided if the countries where we are seeing these fresh outbreaks take the right precautions. has always maintained there is robust planning the intern in the uk, the

we have seen the effects of the virus spreading throughout not just china but southeast asia as well.p numbers out of thailand. are you expecting to see more stimulus from the bank of thailand? selena: i think it is very likely. even for malaysia and indonesia, coming off the back of a weak ending to 2019, everyone setting the stage for the first quarter of 2020 to be the worst yet in quite a few quarters. nothing is off the table at this juncture. fiscal policy easing, anything that is probably required. that is the reason why if you look at financial markets, they are taking it as the glass half-full mentality. they're fairly resilient to any form of corrections because they respondlicymakers will in a -- in have substantial way. -- in a substantial way. >> we thank you for coming in. coming up on bloomberg markets: asia, vodafone is on the brink of collapse as billions of dollars come due. this is bloomberg. ♪ paul: a petroleum ceos says u.s. gas could cut -- down with peter, and started by asking if he thought the coronavirus outbreak would be resolved by the summer. >> hopefully

nott of folks simply are traveling not only in china but southeast asia.through this in the next few weeks and get people back on the road. haslinda: is it even realistic to think the aerospace sector will get back to growth in 2020? that had been the expectation. that the governing body most airlines are member of, the forecast for the asia-pacific region, growth of 4.2% in 2020, that was the protection issued at the end of 2019. overnight, the pendants -- now suggesting that could turn into a -6%. we just don't know as we sit here today. i think it's fair to say pragmatically that growth of up to 5% in the asia-pacific region is not going to happen in 2020. haslinda: embraer is mulling , a partnership with boeing, worth $4.2 billion. no one else out there and embraer has not given a number, can you give it a number? john: the $4.2 billion is the investment in cash that embraer -- excuse me, boeing will be paying embraer shareholders for an acquisition. -- separately, the acquisition were looking at making if we go forward in the fourth quarter this year,

surgeons in china is fast becoming a financial crisis for southeast asia governments are looking for ways to support their citizens and economies through the operate however long it may take from cash handouts to math cleanups the region's rulers a being forced to react. china's state t.v. is very keen to show that the country's back up and running beijing has announced the restart of major infrastructure projects such as along this railway line in chongqing the government says around 40 percent of rail works are back on track so to speak trains are also key to another initiative aimed at getting china's economic engine running again this specially chartered service is delivering workers to beijing state t.v. says they're being transported under strictly controlled conditions almah trained or not they're sent to the railway station by special bus and get directly on the train through a special channel in the carriage especially reserved for them they're required to sit separately after they arrive at the factories that we placed in quarantined management center. in the country 2nd wo

plates to business what started as a health emergency in china is fast becoming a financial crisis for southeast asia governments are looking for ways to support their citizens and economies through the op break however long it may take from cash handouts to mass cleanups the region's rulers a being forced to react. china's state t.v. is very keen to show that the country's back up and running beijing has announced the restart of major infrastructure projects such as along this row a line in chongqing the government says around 40 percent of rail works of back on track so to speak trains are also key to another initiative aimed at getting china's economic engine running again this specially chartered service is delivering workers to beijing state t.v. says they're being transported under strictly controlled conditions dolma trained or not they're sent to the railway station by special bus and get directly on the train through a special channel in the carriage especially reserved for their own.

says vietnam is already our 2nd biggest trade partner in southeast asia they are in neighbor to china we want to get there because before china takes it all and then there is the 2nd aspect and that is quite important that the europeans see this is a stepping stone for a far more reaching far far reaching agreement with the as the un group the southeast asian economic and political area and that would then really open the door for european goods for souce to ages this is not only about trade in goods disease but to keep out services from europe they want to do doors to open for public procurement for instance and so in this battle between the 2 sides do we really force through human rights and can we do anything to sort of force governments into compliance and do we on the other hand really one free trade more than anything the free traders are winning all right politics never far behind trade barbara vessel force and straws thank you very much. the climate change is already a challenge for farmers around the world as conditions alter like the availability of rain sort of planting str

china sea policy that we can use our military power to enforce. let's get a closer idea of what india wants to do and how we can work with it. the second big zone of southeast asia that china has their eyes on. >> i think that is a wonderful way to end this panel. some time in india some --rs ago some pick up between the relationship between us and india at the time. i agree with you wholeheartedly, the south china sea clearly has been a default situation for the u.s.. lesse out of time and anybody has anything. thank you again. we will be back in session at 12:50, one hour from now. ♪ coming up, a discussion and camping 2020 with jeff mason and a political reporter, al weaver. we will talk about the use of stop and frisk with the cato institute. watch c-span's "washington journal" this morning. join the discussion.

may also be trying to limit geopolitical space for china which is becoming increasingly assertive in southeast asia according to a cambodian government official chinese president xi jinping urged cambodia's prime minister hun sin not to bow to european demands when they met in beijing last week but china will. also lose if the trade agreement is canceled most of the investors are from china. imports of the roman fear from china it seems certain the e.u. will want to follow through and punish the cambodian government to some extent when the final announcement is made any changes to the tariff free trade deal would come into force in 6 months which could have a big impact on hundreds of thousands of cambodian workers when hey al jazeera phnom penh. now i'm sure you haven't forgotten but there's always the out jazeera website al-jazeera dot com they can see lots more about bernie sanders and his impressive win in new hampshire. these are the top stories here it is here president is threatening to strike syrian government forces anywhere for another soldier is her in italy province. made the declaratio

exports from china who see this accelerating somewhat to supply chains out of china into the rest of asia, particularly southeastlready happening because of the u.s./china trade war. this will probably just cause firms to accelerate their plans. >> so, how long term would you expect this impact to be, do you think? i know it's difficult to sort of look ahead. but just using the impact of sars as a guide here perhaps, just give us an idea on what sort of impact you're looking at there. >> yeah, we've done some modelling to have a look at what we think will happen to 60 or so largest economies over the next couple of years. earlier models show a lot of places almost everywhere is going to have a reduction in growth in 2020 as a result. but a big chunk of that should be recovered in 2021 as there is a bounce back. >> that's still a bit of a wait, though, isn't it? >> -- to trend, there is a wait. there will be activity that will never be recovered. for example, places like thailand and vietnam reliant on the tourism impact, people who are not taking trips in the first quarter or first half of 2020, they may never -

may also be trying to limit geopolitical space for china which is becoming increasingly assertive in southeast asia according to a cambodian government official chinese president xi jinping urged cambodia's prime minister hun sin not to bow to european demands when they met in beijing last week but china would also lose if the trade. remit is cancelled most of the investor are from china they can import all the woman here from china it seems certain the e.u. will want to follow through and punish the cambodian government to some extent when the final announcement is made any changes to the tariff free trade deal would come into force in 6 months which could have a big impact on hundreds of thousands of cambodian workers wayne hay al jazeera phnom penh. this is all jazeera these are the top stories the palestinian president has rejected the u.s. president's proposed middle east plan at the u.n. security council says trump's proposal will bring neither peace nor stability to the region. this is the summary of the project that was presented to us this is the state that they will give us it's like a sw

geographically coronavirus sars before it frankly avian flu which is chronically a problem in southeast asia and china these flu these respiratory pathogens are taking root in places where people smoke a lot the chinese have the highest smoking prevalence rates in the world and it's not even close amongst men women get exposure to 2nd hand smoke at levels you would even believe and so what i'm what i'm getting at here is that there's poor long health op priore already in china and so you need that as a substrate i think for something like a corona virus really to take root and become an epidemic and then spread to other countries is actually quite easy when you're talking about a respiratory illness like flu or corona virus and oh by the way corona virus can be transmitted even without symptoms so that's why this is spreading so quickly that's why people are tending to die more frequently in china you see more absolute deaths there because i think in general people are less healthy because they have a greater uptake of bad habits like smoking really interesting to talk to you we have to leave it there

and the two countries outside mainland china are singapore and china, both tropical countries in southeast asiay helpful to point out there. >>> 18 minutes past the hour. just as pitchers and catchers start reporting to spring training there's word major league baseball is considering big change tuesday the post-season. andy shoals with the bleacher report next. they cared about explaining every aspect of my treatment so i would understand. they cared about my victories. they're my second family. call us at cancer treatment centers of america. we don't need to do anything special for valentine's day. okay. ♪ even if she says she doesn't need a thing ♪ ♪ show her you care, make her heart sing ♪ make this valentine's day mean more. ♪ jared. it's almost like a challenge everyday myww's been an amazing journey. to see how well i can eat and still enjoy myself all day long. i wake up every morning to see how much weight i've lost and how much better i look. myww join today with the ww triple play! frustrated that clean clothes you want to wear always seem to need an iron? next time try bounce wrinkl

i think favors us, brings in india and, of course, not completely and china but china is a relevant factor. southeast asia we do see quite frankly as the soft underbelly in the region. for a number of reasons. one, from a pure capacity point of view southeast asia might be a region with almost a dozen states. but each of those states has a limited capability even of itself to engage in any significant balancing for accounting activity. as a result southeast asian states can hedge rather than balance against chinese activities. in my view, much of southeast asia, and i make exception in general terms of vietnam, indonesia, and what hope will be a post president duterte philippines. i think southeast asia has know if he's falling a debilitating fatalism about the inability of chinese dominance both at an intellectual level at a practical level. much of southeast asian and it's reflected in somewhat thanks asean has done. much of southeast asian, has normalize chinese collusion in the sense it's baked in the notion of chinese coercion, interior expectation of its present and the future. it sees chinese asser

no physical fiscal stim lap they have to print more china the same most of southeast asia will likely do that that's spilling into stocks in a direct and indirect way. so until that dynamic stops i want really hard to say that the fundamentals matters. >> good discussion there on apple. now to stock number two and a company big are than apple in terms of sales, and another dow component, wal-mart. the company posting the biggest miss since 2015. the stock department react what gives courtney reagan is here now? how many times you been at the nasdaq. >> twice today. >> twice with a little stock exchange in between, you know, hitting the hot spots. >> you've been on seymour city glad to see you. great interview with the ceo today. what's the take away after the day you heard from. >> the take away is the long-term strategy that wal-mart laid out is intact sfiet the weakness of the fourth quarter yeah category weaker than wal-mart planned during the holidays but it's not signal of fundamental shift in anything like consumer spending or wal-mart strategy of blend being digital and physica

the supply chain to the degree they're waiting for parts coming from factories in china, korea, other parts of southeast asiathat's a big deal then, of course, you have the other problem which is the consumption problem. right now everybody in wuhan is literally in their homes when you have that kind of shutdown in terms of consumption, that's going to hit you both ways. i agree with you, i don't think even in a short period of time it's like everybody in the investment world is looking straight past this. >> so that's totally rational except for the fact that i think the markets didn't pay attention to trade war the markets didn't pay attention to even seasonal and also cyclical factors for memory chips when there's restocking. semis didn't react ever in the last year and a half went to all-time highs this is what everybody is saying this is a case where i think this is a catalyst that allows people to reassess where semis actually were. this pullback has been strong and swift. a couple of downgrades to nvidia, these were downgrades, literally people looking at what q1 is going to be and analysts trying to

for people that have plans to southeast asia or china, we are trying to redirect them to australia, whichme to go because the fires have subsided, the rains have come and there's so much opportunity to explore. africa has been a huge destination. in fact, our friends in africa say the last two weeks have been the busiest on record. liz: safaris? >> safaris, capetown, so many things to do and explore. there's opportunity to move but our job is to always try to stay ahead. it's not easy in a fluid situation but we have to improvise. liz: especially not easy considering in the last 24 hours we are suddenly hearing about lombardi, italy. all i did was google it, and all these castles where people have planned weddings. we all know that weddings are planned a year in advance unless it's a shotgun wedding. putting that aside, you have to tell me what are people doing at this point? because lauren garrett, a frequent guest on this show, a pulitzer prize winning author of "the coming plague" tweeted this out today. she said it is way beyond wuhan now. the coronavirus is, as she put it, about the

many as 90000 people may lose their jobs temporarily in recent years china has become more influential and more invested in southeast asia from tourism to construction to manufacturing but even before the corona virus outbreak as the chinese economy was slowing governments in this region were beginning to wonder if they were becoming too reliant on china singapore's prime minister lee hsien loong says because china is a much bigger factor in the region than it used to be his country's economy could dip into recession this year as visitor numbers drop by as much as 30 percent thailand's economy was already stuttering and may also be nearing recession with growth heading for less than 2 percent and vietnam's manufacturing sector depends on a well oiled supply chain from china in january exports fell more than 17 percent but some experts believe the threat extends. well beyond this region all countries in the world depends on china production especially in the united states and europe they import a lot of from from from china and when china have problem they will have inflation there the same thing so that is not for cambod

for us, though, unlike china, and greater china which has seen the brunt of the outbreak, southeast asiay untouched by the outbreak. safety, of course, is of primary importance to us and we are working with the government and regulators to prepare contingency plans in the event that we need to take action. everything from contact tracing to preparing enough facemasks for our driver population. >> i want to switch to some of the fundamentals. you are trying to become a super app, going into insurance and lending. what kind of opportunities do you see in that market? >> 2019 has been an amazing year for us. we are the region's largest super app. last year alone, we launched nine new services from on-demand video to online health care services. we are the largest ridesharing platform and largest food delivery platform. the first micro insurance products, the first numberless credit card and the first bid for digital bank license in singapore with our partners. 2019 was a busy year for us. in 2020, we are very focused on two priorities. the first is continuing the profitable gwth we have see

may also be trying to limit geopolitical space for china which is becoming increasingly assertive in southeast asia according to a cambodian government official chinese president xi jinping urged cambodia's prime minister hun sin not to bow to european demands when they met in beijing last week but china would also lose if the trade agreement is cancer. most of the investor are from china they can import all the roman fear from china it seems certain the e.u. will want to follow through and punish the cambodian government to some extent when the final announcement is made any changes to the tariff free trade deal would come into force in 6 months which could have a big impact on hundreds of thousands of cambodian workers wayne hay al jazeera phnom penh. the vatican said to reveal where the pope francis supports a proposal to let married men be ordained as priests in the catholic church last year bishops in the amazon region voted to relax the celibacy rule because of a shortage of priests but as a latin american editor in this in the human reports not everyone thinks it'll work . latin america is h

but, the issue is if that depends on the outbreak remaining confined to southeast asia, particularly in china authorities get a grip and the virus stops spreading, then it will be a limited—term impact, but if it does spread and it gets out of hand, then you have a big problem. not one business correspondent to bring us the latest business news here ina bring us the latest business news here in a moment but first the headlines. an islamic state supporter admits plotting to blow up st paul's cathedral. safiyya shaikh was arrested during a police undercover operation. the mother of grace millane — the british backpacker murdered in new zealand — tells a court her daughter died terrified and alone. more frustration for british passengers stranded on a quarantined cruise ship injapan, as their flight back to the uk is delayed. here's your business headlines on afternoon live: the price of a first class stamp is going up from 70 to 76 pence. second—class stamps are going up from 61 to 65p. it's less than a year since prices last increased. royal mail says it's necessary to ensure the sustainabilit

in place could perhaps help to make sure it would stay within china's borders, although we have seen clusters of cases across southeast asia and malaysia and south korea and japan, as you pointed out earlier. the worry now is that cases being seen the worry now is that cases being seen and a big number in places like italy, this is no longer simply a china problem, this will mean a prolonged impact, the worry is, on supply chains and the rest of the world as well, and there will be any economic impact, the concern is, things like consumption, people not heading out to spend money in the shops, which will all have a continued negative impact on global growth. that is why you are seeing share markets in asia for today. what lbc and government to do about this? as you would expect, the prospect of a public health crisis is something governments want to make sure they splash a lot of money at. -- what are we governments do? asia has dealt with public health crises such as the cells period of 2002, 2003, but the amount of money being thrown at the problem this time is much bigger. singapore last week came out with a $4 billion

obviously at this juncture is the spread to other developed economies and moving out from china, moving out from southeast asiathat's the big concern you already have economic slowdowns projected. now it's starting to spread beyond simply supply chain disruptions into the eurozone economy. that's what we're concerned about. when we look at these historic at events, we know they have end points, that they're temporary, and there's a recovery, there's lost growth, lost world growth of course, this time is much more impactful, relative to, say, sars, the growth of china, the growth of the supply chain so it's a much larger downturn it is a temporary shock, and the ability to come back is still there. >> jeff, you mentioned that your fear is that typically a buy signal >> it's typically a reversal yes, it's too early to say you want to buy here, that's catching a falling knife, but when you look out a bit longer horizon, the peak levels of fear, relative to equity fear and bond market fear are usually not maintained longer term, i think it's important to step back and it may continue, because we don't know what th

for us though, unlike china which has seen the brunt of the outbreak, southeast asia has been largely by the outbreak. having said that, safety of course is of primary importance to us and we are working with the regulators and government to prepare contingency plans in the event that we need to take action. we are seeing some contact tracing where we will be able to notify the government of interactions between drivers and passengers and provide enough facemasks a four hour driver population. taylor: you're trying to become a super app going into insurance into lending. what sort of opportunities do you see in that market? ming: 2019 has been an amazing year for us. it has been a year of execution. we are now the region's largest super app. helpyear alone we launched -- online video to online health care services. we are the largest ridesharing platform, the largest food delivery platform. we launched the first micro insurance products, the first numberless credit card, and to the first bid for a national -- digital bank license in singapore. in 2020, we are very focused on two prior

many as 90000 people may lose their jobs temporarily in recent years china has become more influential and more invested in southeast asia from tourism to construction to manufacturing but even before the corona virus outbreak as the chinese economy was slowing governments in this region were beginning to wonder if they were becoming too reliant on china. singapore's prime minister lee hsien loong says because china is a much bigger factor in the region than it used to be his country's economy could dip into recession this year as visitor numbers drop by as much as 30 percent thailand's economy was already stuttering and may also be nearing recession with growth heading for less than 2 percent and vietnam's manufacturing sector depends on a well oiled supply chain from china in january exports fell more than 17 percent but some experts believe the threat extends well beyond this region all countries in the world depends on china but action especially in the united states and europe importer a lot from china and when china has a problem they will how inflation they're the same thing so that is not for cambodia and for. bu

may also be trying to limit geopolitical space for china which is becoming increasingly assertive in southeast asia according to a cambodian government official chinese president xi jinping urged cambodia's prime minister hun sin not to bow to european demands when they met in beijing last week but china would also lose if the trade agreement is cancelled most of the investor from china. can import all the roman fear from china it seems certain the e.u. will want to follow through and punish the cambodian government to some extent when the final announcement is made any changes to the tariff free trade deal would come into force in 6 months which could have a big impact on hundreds of thousands of cambodian workers wayne hay al jazeera phnom penh. levanon spawn amende has voted for a new cabinet and a financial rescue plan 75 percent of m.p.'s voted in support of incoming prime minister. after an 8 hour debate thousands of lebanese protested against the proposed cabinet and say the changes do not go far enough they want a political overhaul to help fix a deep financial crisis. and the vatican is ex

for us, unlike greater china, which has seen the brunt of the outbreak, southeast asia has been largely by the outbreak. having said that, safety is of primary importance. we are working with the government and regulators to prepare contingency plans in the event that we need to take action, so everything from contact tracing to notify the government of interactions between drivers and passengers, to preparing enough facemasks for our population. taylor: i want to switch to the fundamentals of the business over there. you are trying to become a super app. what sort of opportunities do you see in that market? ming: thank you for the question. 2019 has been an amazing year for us. you're all. -- a year of execution. we are the region's largest super app. last year alone, we launched nine new services from on-demand video. today, we are the largest ridesharing platform. we have launched the first micro insurance products. the first numberless credit card. we launched the first bid for our partners. 2019 was a very, very busy year for us. in 2020, we were very focused on two priorities. the

top of that, we do expect to see an impact on flights intended for the rest of southeast asia that were connecting through chinaa really wide impact here >> so as we look at the number of flights going down, you guys say that round trip prices to china are up 11% if demand is down, why are prices going up? >> so we have a little bit of o a selection problem here there are still some flights going from both the u.s. to china and within china so part of the reason we're seeing prices spike about 11% is because many of the lower costs are connecting flights are no longer eer available so we have fewer seats, but still some demand which is why the price has hike d about 11%, but we expect to see that price to plateau in the next few days >> so this is obviously a situation that may play out over a period of weeks. maybe even months. who knows until officials get a handle on this virus, but one thing we know is that the number of flights are down. the other thing we know is that the number of inbound chinese tourists is way down they really can't come in. where is that being felt most prevalently? >> so we'll feel i

area and the gulf of thailand as being much more focused on that region and china's ability to project power into southeast asia and to shape its relationships with those state as opposed part of the broader logistical network i think they are sort of within striking distance of those problem reports and of high nine basis such as that's seems like it's not part of this model frankly. >> thank you. >> i'm going to send regrets but he left a related question to chairman cleveland's. he was also very interested in the mention of unmanned assets. and specifically he wanted to know whether these were sort of long-range unmanned aerial vehicles like we operate on a base like langley or the shorter range things operate off chips, whether it be uavs. so he wanted that in the record. >> i'll know from the beginning that much of my research so far as focus on unmanned surface vessels that china is developing. they tested several of them. some of them are more focused on kind of autonomous river patrol and coastal patrol and the sorts of things theymaybe armed assets but they are not necessarily what i would call eight f

and google and microsoft are reportedly insisting production to southeast asia from china nestle announcing it is asking employees not to travel for business so far we know there have been more than 2,700 deaths meg terrell has the latest on possible treatments. what have you learned? >> we know the most a vansed potential treatment is from gilead sciences. it's strting a clinical trial in the u.s. the world health organization saying earlier this week that's the only drug so far that appears to have promise against the novel coronavirus. but we've so seen shares of vir soar this week on news of efforts to develop a new medicine the company has isolated antibodies from survivors of sars and is testing whether they work against this new coronavirus. efforts to develop new antibodies are also under way. and moderna soaring this week on news it delivered its first batch to the nih to begin human trials still it would be at least a year before the vaccine could be deployed broadly sarah. >> i'm just going to follow up and ask you a different question do we have any idea so far about how the eur

many as 90000 people may lose their jobs temporarily in recent years china has become more influential and more invested in southeast asiarom tourism to construction to manufacturing but even before the corona virus outbreak as the chinese economy was slowing governments in this region were beginning to wonder if they were becoming too reliant on china. singapore's prime minister lee hsien loong says because china is a much bigger factor in the region than it used to be his country's economy could dip into recession this year as visitor numbers drop by as much as 30 percent thailand's economy was already stuttering and may also be nearing recession with growth hitting for less than 2 percent and vietnam's manufacturing sector depends on a well oiled supply chain from china in january exports fell more than 17 percent but some experts believe the threat extends well beyond this region all countries in the world depends on what action especially in the united states and europe important a lot from china and when china has a problem they will how inflation they're the same thing so that is not for cambodia and for. but for

if that happens you might see companies ship their supply chains out of southeast asia completely not just out of chinawhich is a completely different conversation. the question is what is the catalyst that takes us to that point? to jeff's point it is about the virus. last year it was about trade. the at lift we're talking about. the important part is the effect if supply chains shift southeast asia suffers as a region. you can't just shift supply chains back. you have a supply side force that will ripple throughout the globe. i think it is too early to think that will happen but that is one of the early risks. >> the headline ability is also concerned because they're more on the buying, more of our demand. we sell a lot to europe f it spreads in europe and people stop buying things, now you have less production coming out of asia in order to make less goods to sell less to outside the u.s. charles: are you feeling what jeff is saying, that we're getting near short-term oversold conditions? >> no. i think we could easily, healthily, down 7%, right now, 3 1/2. and that would bring us to much healthier