surfaced again as the philippines calls on a united nations court to arbor treat its dispute with china telecom sunderland bangkok is falling the story. as ever the weekend after that the scheme outlined in the speed with china a document submitted to a un court arbitration the philippines helps to use its natural to pull state's position that they need refuses to participate. they were packing up our reports if the government thus i need to make it a thousand pieces of documents to the un court in the heat. the snp at the tory party cheek it's my paintings pt china. and he's made and after year eps of nothing need money. but i didn't even get in position and that its sovereignty strength in the chain this piece my panic to the troops these one pc to two hours securing our children's future. well we are being freed and navigation for all nations the snp should pacific region and italy. for most of the spell checking if he took it back onto center of attention. insanity. in fact cheney said the announcement fair. here's what i can and can still fit the fishing boats. you want a sniff of teams ar

on thursday we get earnings from china's second largest telecom equipment makers the t e the company's expected first quarter net profit to more than double in part due to the role of the four g telecom networks in china. twenty of the twenty analysts polled by reuters get it shares a thumbs up. and just reminder folks can always catch us on twitter and facebook as well as on see no way before all the stories that we're tracking or content or homepage at english dun seem to be done see in port clinton full episodes of our programs as well headed for shore break but talk about the last day of the blah forum we return fan. sells steve. the next till the twenty fourteen while ford has entered its final day in the heated discussions to continue our reporter in question is at the scene but stiffen her about the key topics for today. the selloff on today's bout china us relations some cbt largest economies in the roads are you the years come edition but now thus the us and falling relationship. but one thing for sure. the two sides need each other there too much converging interest especiall

the dominant players are china mobile and telecom and unicom. alibaba is getting into it. interested in getting some private players in the business, some competition. alibaba joins the game. >> making some strong moves ahead of a potential ipo. big strategic investment. we will keep our eye on them. thank you so much and thank you all for watching this edition of "bloomberg west." we will see later. ♪ >> >> the intersection of business and economics with a mainstream perspective. four-already kring talks and what is the deal? shopping for tesla in your nearest shopping mall rated i will be joined by the ceo of hyundai motor america. to our viewers here in the united states and those of you joining us from around the world, welcome. yang yang has details on the cbo's

the dominant players are china mobile and telecom and unicom. alibaba is getting into it.were interested in getting some private players in the business, some competition. alibaba joins the game. >> making some strong moves ahead of a potential ipo. big strategic investment. we will keep our eye on them. thank you so much and thank you all for watching this edition of "bloomberg west." we will see you later. ♪ rex the following is out to you by zumba fitness.

the dominant players are china mobile and telecom and unicom. alibaba is getting into it.re interested in getting some private players in the business, some competition. alibaba joins the game. >> making some strong moves ahead of a potential ipo. big strategic investment. we will keep our eye on them. thank you so much and thank you all for watching this edition of "bloomberg west." we will see you later. ♪ . . >> welcome to "lunch money" where we tie together the best stories, interviews and video. i'm matt miller. take a look at the menu. in motors, the new rolls-royce ghost rolls into new york, where it still has an umbrella in the door. in nation, paul krugman talks income inequality and jobs. there's still something left over for a list of things that makes him very angry. in company, earnings-palooza. the good, the bad and the ugly of earnings season. turning a penniless nonprofit in s

china. it was all red this morning. it's changing. marginal gains certainly. telecoms are the biggest decliners. two stocks following. ina unicom down half a percent. trying to play catch-up as they wait for hong kong to reopen tomorrow. >> japan is back from lunch. on the nikkei, every single industry group is seeing a gain. well.ial stocks as they may ease lending research is in japan. financial services companies are the best performers. matsui securities and nomura are on top of the stocks that are rising. significant. a plus financial, 18%. >> bank of japan has praised the sales tax rise in the key -- ordinaryhe people have a different view. a different -- been in they has supermarket business in tokyo for 49 years. long enough to see their share of sales tax hikes. last time, when the tax lineup from 3% to 5%, the sales drop drastically. i was worried we might experience the same this time. fortunately, it dropped slightly right after the sale site but i believe sales are coming back after three weeks. i am more worried about another tax hike next year. sales tax hike was in 1997 and it tipped the country into r

telecom shares dragged the index lower. market headway china mobile saw sharp selling. here in tokyo the nikkei average gaining about 1.10%, 14,456. the overnight advance on wall street encouraged some investors to buy back bargain stocks. trading volume, though, did remain pretty low. >>> the number of foreign travelers to japan in march hit a record high. behind the development is the weaker yen, and also eased visa requirements for visitors from some southeast asian nations. officials at the japan national tourism organization estimate 1.05 million people visited japan last month. that's up more than 22% from a year before. and marks a year-on-year rise for the 14th straight month. travelers from mainland china rose 80%. followed by those from malaysia and vietnam. haneda airport has recently started handling more international flights, and it does have easier access than narita airport to downtown tokyo. the tourism officials say they hope this will encourage more people to visit japan. >>> japan's finance ministry has kept its assessment of the domestic economy unc

telecom sector. >> yeah, you like china mobile and at&t. >> that's absolutely right. that's a sector where a couple years ago we moved to being underweight, really a couple years ago, as you had investors, really income-starved investors reaching for bond substitutes. the telecoms got bid up. at&t got up there a bit, but, you know, really after the past year, you know, we've seen one or benchmark, stocks have been up 20%, but the telecom sector over the last 12 months has only been up about 6%. it rates opportunities. you know, stocks again like an at&t where a couple years ago at&t was 15 times earnings, you can get it for 12 times earnings right now. they raised their dividend earlier. they all benefit, speak of cisco, they actually recently stated that they forecast global mobile data demand to grow by 11fold over the next five years. they are the pick and shovels of the global -- >> sandy, you know, burns just made a point that some tech stocks look really appealing to him. your first choice was about an un-tech as you can get, remanufactured auto parts. is that w

the hang seng dragged down by the telecom stocks after china mobile, the biggest carrier on the mainlandeported its third straight quarterly decline in profits. however, this is a mixed session. nikkei 225 having a fairly good day, up by well over 1%. holding the line around 14,500 seems to be quite comfortable with the yen at 102.5 as well. having said that, we are ent entering the full stride of japanese corporate earnings. they will be a big test as to whether abonomics is succeeding or not. s& s&p/asx 200. it was the aussie dollar that tack it on the chin today. you got clobbered by that cpi figure. the weaker print as i said. it cracked below that 93 cent mark. tough day for the aussie. karen, back to you. >> sri, thanks for setting the scene there. >>> meantime, let me recap on some of the news we've had in europe today. the eurozone composite pmi hit its highest level since may 2011 this month, largely held up by strength in germany. meantime, france disappointed, suffering a fall in activity. let's get out to mcneil currie. he joins us now from new york. mcneil, great to have you

china. vivendi focusing on the united states of america. the telecoms business being left behind. , acrossare with lafarge borders. this is very much an international global deal, not just a european deal. that is the shape of things to come. .afarge-holcim >> thank you very much. we have another french deal. altus, one of the bidding contests for vivendi's french unit sfr. the deal is valued at more than 7 billion euros. carolyn is in paris. carolyn, why did out this jews this offer over the offer that was on the table from bouygues? >> there is a lot of official reasons. vivendi will get less cash from altus, only 13.5 billion euros. bouygues offered 15.5 billion euros. the first official region is promised nothas to fire any sfr employees in the next 36 months. the chairman of vivendi said that the bouygues offer would have put 6000 sfr jobs at risk. that is the first official reason. more importantly, the offer has less risk to be rejected by competition. a much smaller operator than bouygues. it wasn't clear whether the bouygues offer would have pa

china telecommunications industry and the government i think it's worth noting years ago when news came about the warrantless wiretapping under the bush administration many groups sued but down the government had given immunity to the telecoms. i think that will be changing. we we are going to take a break. i'm really interested when we come back, you talk about things like whether in addition to health and education, important fields where you pause more information that the future will benefit all of us. we will take a short break and we will be right back. >> host: patrick you write in your book in many ways we are moving backward on the issue of climate change. can you talk about back? >> guest: so in many ways climate research is a real bright spot in the area of analysis but as we learn more about the climate and the information that comes -- becomes more more vulnerable to political vagal reese to political forces that change the way we feel about climate change. case in point the interim pencil on climate change. this is an enormous body that takes research from around the world and comes up with assessments that we use to talk about the climate. no one is happy that it ever at all. the climate scientists are happy