what are we expecting from daimler?imler, the maker of mercedes, their stock rose slightly on the trade gate close, which the exchange opened early. we are expecting daimler shares to rise. it is obviously a huge stake, 7.3 billion euros. but we are expecting daimler shares to rise as well. guy: i wonder if it came as a surprise to deutsche's management team. there's a profit warning out, which is interesting. how will the stock take that? >> it came out very negative, a profit warning. run,s originally state they suffered very badly from the declining letter volume. internet and the emergence of a number of new players in the market. guy: i'd argue they would always make up for that loss of the regular post, from the amazon effect. really quickly, u.k. energy supplies. there are new tariff restrictions being imposed which would limit the energy supplies. >> that should be announced today, a price cut until 2020 should be announced by theresa may. that is very negative for some countries, like british gas, ssc, eds ener

reporter: daimler thinks it had its best successful year. carmaker sold more cars than ever before and chopped up its highest profit, close to 11 billion euros. the your -- the road ahead doesn't look good. profits will stagnate as the financial burden of developing new technologies begins to bite, and there is that scandal of tests on monkeys and humans. reporter: the bust of daimler had some reason -- the bosses and had some reason to smile. this was their best sale in the country, but the revelations of exhaust gas testing on humans and monkeys cast a shadow on the shining figures. from the start of the press conference, they tried to clear the air. >> such testing is against our values. we will find out how this happened. reporter: the automaker, together with other german, goes, financed the disbanded e.u. gt research. they try to move on from the damaging allegations and refocus attention on the company's future. he told shareholders profits would stagnate while dad -- daimler invested in you technologies. >> will be using the core bus

ben: what they want from daimler is better access.ey can do a share technology and expertise on batteries, overall electrification of cars, things where daimler has been leading the way. what kind of overseas deals has geely embarked on? they don't have a foreign carmaker as a partner. what have we seen in the past? ben: they have bought volvo cars in sweden, which has turned out well. they are probably hoping that experience will assuage fears in germany about the deal. they kept management in place, they say they respect european laws and labor unions. they recently bought a stake in volvos truck arm and also bought a lotus supercar maker in britain. they have experience doing these deals. yvonne: they don't have a foreign partner, but daimler has several in china. is not going to be a problem? unusual forot companies to have more than one partner in china in the automotive space or a company to have multiple foreign partners. this does happen. now they are going to start working on the details. how is it going to be different from

the biggest shareholder in daimler.comes to the auto industry. we have equities in the 120 six, roughly taking us halfway back. if you measure a picture trough, following the selloff a week and a half ago. a little bit of a reversal on dollaro-dollar and the that we saw on friday. the u.s. 10-year yield up one point to 86. the pricing around treasuries at the moment. has? aluminum and steel, david, because president trump is mulling whether or not he with paris on the two metals. will unclear if china retaliate on those tariffs. expect retaliation. all ofrepercussions in the commodities space. for now, let's get first word news from debra mao in hong kong. debs? >> hey ,has. the president of the bank of says he will continue his massive inflation plan until 2% is achieved. he says that continuing to push for it is appropriate for japan at the moment. he repeated that parliament and the government are in charge of fiscal policy. north korea has tented at talks with the united states after a high level delegation wants to

a spokesman for daimler said the documents have selectively been released to harm daimler and its 290,000ter result in charges, it will be another blow to the german car industry in the u.s. its firstas dividend. the world's largest producer of platinum will pay a dividend of 3.9 rand a share. operational improvements and cost cutting measures helped the company more than double annual profits. london's property market has moved out of its boom phase. warning sellers to be more realistic. a new report shows asking prices were down 1% from a year earlier. london was the u.k.'s worst-performing housing market in 2017 and there's little to suggest any upturn is in store. movierst marvel superhero with an african-american in the title role and a largely black cast has set a record. took $192 million over the weekend, the fifth biggest open ever in the market. it was the most successful movie worldwide over the weekend. that is your bloomberg business flash. guy: credit suisse talking about the fact that mid-caps in europe -- or small caps are a by relative to big caps. we're going to talk abo

we saw that geely buying into daimler. they already bought into daimler. into volvo. they have done very well with that. germany is leading this pushback and they have put in some draft legislation that they are going to discuss. emanuel is supporting it just to going to discuss. emanuel is supporting itjust to be able to say, —— macron is supporting this. just to say that these companies can't come in and take over all of oui’ can't come in and take over all of our technology. germany has lots of middle sized private companies who have done very well. i don't think germany wants to lose hold of that industrial base. and also the industrial base. and also the industrial base, the car industry is extremely important, pivotal to its own economy. you get to the point where you figure out, what is it you need to protect and what is out there, forforeign need to protect and what is out there, for foreign investment need to protect and what is out there, forforeign investment or foreign takeovers? that's right. there's so much money coming. if you think, in germ

sector, oil and gas, up 4.4% in line with what we're seeing and insurance, banks up 3.2% up each and daimlertory, vis-a-vis, the emissions story unfolding. and has been weighing on auto specter for most of the year we can see that household goods, and consumers. all of those names have been steadying a little bit but the bright spot has been in asia and many of the asian markets having closed, chinese markets having closed for the lunar year but you can see the uk had a strong movement owe overnight. up 2%. and up 12.2%, versus the forecast of 10%. very strong on the expert side of course, the yen does pose a few questions about whether or not the outperformance can continue the bottom line the data has been very good and the index has reacted in kind. >>> one of the top stories, president trump has taken to his favorite social media platform i guess that's twitter to react to special counsel robert mooul's indictment in the russian meddling case. in one of the series tweets, how's seized on adam shift, criticizing the obama administration trump also saying schiff is signature on his hands b

anna: the daimler deal.ll focus on the chinese billionaire who becomes the largest shareholder in the german automaker after a 7.3 billion euros stake. we will be live in hong kong. we will be speaking to the bank of ireland cio. that is at 7:00 a.m. u.k. time. this is bloomberg. ♪ manus: it is the city that never sleeps, 1:47 a.m. in new york. if you are looking for a stress test, rates have hit 4.5% in the bond market. that is the disaster scenario. the stress test scenario would give you 1121. saly, always deals with tense situations very well. juliette: manus. deutsche bank has confirmed it will float its asset management business. there isn lender says an earlier developer window, the ceo says the move for "give us the opportunity to unlock the full potential of the clients and employees while targeting attractive returns for shareholders." weinstein co. is set to file for court protection from creditors after sales talks collapsed. the board failed to revive a deal to sell the film studio. the studio h

anna: quick correction on daimler.g the daimler forecast was for slight growth for 2018. the correction on that, they do see their 2018 gbit in magnitude of previous years. nuanced change there, but important to get that correct. something of the magnitude of the previous years. interesting. let's talk about where we are on the asian session. we got a slightly more hawkish fed. whether equity markets were going to be able to hold their own, whether they continue to be unnerved, into february, looks as if we are not unnerved by a tightening cycle continuing. msci asia-pacific up 0.4% and s&p futures suggesting we will be higher once again. 0.3%. up by january was the best start to any year for the s&p since 1997. nymex was up more strongly than this earlier on, but we are flat . let's get a bloomberg first word news update. here's juliette saly. the fed has left rates unchanged in its last meeting under chair janet yellen. the central bank paved the way for a march-, saying gains have been solid. it also upgraded the ou

daimler talks about a shock to many including v.w. chief executives who issued a rapid apology up discus to no good name yes in a statement that i consider such conditions to be unacceptable i can only apologize for these facts on behalf of our company to all affected i can only ensure that the processes in our company are reformed to such a way that such conditions will no longer occur in the future daimler quickly followed suit announcing the suspension of a senior executive and condemning the tests is just the latest emission scandal for the german car industry the diesel gate affair where so-called defeat devices were fitted to engines to pass emissions tests has barely faded from the headlines these new revelations are prompting more this is the last thing the current acting government wanted to happen as it tries to build another coalition for this unfolding parliamentary term it's also raised questions in some minds about just how closely aligned senior government ministers are with the motor manufacturers the environmental lob

last day, geely approached daimler and said, listen, we would like to be a shareholder, can you issues, but today the chairman used an investment vehicle he owns to buy open shares in the market. —— roundly rebuffed. this conflict takes things for daimler in china because they already have a link with a chinese company called baic, so a messy start to the relationship, but he will be meeting with daimler executives to try to smooth it over later this afternoon. a story to watch, for sure. let's look at the markets across the board, australia and hong kong, japan closing up, just shy of 1.3% higher, and that was friday on wall street. we had a two—week global rally, will it extends to a third? it looks like it will in europe, all higher, a lot of attention on the federal reserve again this week, the new man at the top is going to speak publicly twice this week. let's look at head to the day on wall street, yogita limaye has the details. more than ever, stock markets in the united states are watching the federal reserve, each signal from the central bank about how it sees monetary polic

a billionaire would become the biggest investor in daimler.erman firm in the coming days. it has been building, 10% through purchases of shares in the stock market in recent weeks. people have asked not to be named. a spokesperson for daimler has declined to comment and representatives at geely could not be reached outside the business hours in asia. this stake, the mercedes-benz their stakefurther in the automotive market. geely already owns volva. the refreshed lineup of vehicles have made it a popular alternative to luxury german stalwarts. the chinese manufacturer geely acquiring a stake of almost 7.5 billion euros, $9.2 billion in daimler. becoming the largest stakeholder in the german automaker. vonnie: let's get to the first word news with taylor riggs. gates willport rick plead guilty in the rush investigation and will cooperate. abc news says he wrote a letter to his friends and family says he will plead guilty today. robert mueller has put pressure on him and paul manafort with dozens of new charges. president trump took a victory la

and shufu and others in china, but daimler is a huge player in china. brand in that market. and the chinese government is pushing all of its automakers as well as those from foreign countries who are selling in china to develop more electric vehicles now, it's too early to know if this means that we'll see a partnership of some sort between geely and daimler, but make no mistakes, li shufu is a major player in terms of the auto industry in china and this stake shows he is interested in closer ties with daimler. let's see if that develops over the next couple of years as you take a look at shares of daimler. guys, back to you. >> yeah, we're definitely going to watch for that. thanks so much another big story coming out of china today. coincident with this news about geely which makes it super interesting. is the government cracking down on a big insurance company there. robert frank has been following this story for us because they own the waldorf astoria here in new york so, on one day when the chinese government was tracking down on a big chinese gove

power as the communist party proposal dropping two-term leadership >>> and china's investment in daimlerfter chairman li shufu extends to $9 million. >>> and to the top of stocks 600, as the swedish company comes to an understanding. >> in china, we see focusing more on the industrial internet, without going to the industrial applications and factory automation the control on machines. >>> and first world problems for wear are warren buffett, the billionaire investors has $116 million to fund but can't find anything to buy. hear from him at 12:00 on cnbc today. >>> good morning, everyone and happy monday let's check in out markets are faring on this very first trading day of the week. and it looks though in line with the index in europe, the stocxx 600 is happening up 0.6% or so you can see that, distributions roughly 8% in the green, versus 20% or so in the red in underperforming. so, it looks as though the week is starting off well in line with the end of last week. and it's less on the economic funds and more going to be focused on some of the political events that will be taking plac

this unfolding scandal involving three of germany's largest car manufacturers daimler b.m.w. and fox fagen has profound implications not just for the motor industry but also the closeness of the relationship between the german government and the most are manufacturers let's remember the importance of the german car industry the automotive industry to the german economy very important generates a great deal of revenue everywhere creates many many jobs in this country which explains why the governments successive governments have sought to have a close relationship the point also to make here is the most of manufacturers have tried to distance themselves from the tests that are taken place of deprecates them condemn them so that that could never happen again but underlying all of this as i say is the perception of what is happening in the motor industry let's be clear ethics certainly raised its head regarding the diesel gate scandal the devices the defeat devices that were created to be to allow the cars artificially to pass emissions tests well those have not faded from peopl

. >> daimler a.j.as confirmed that lee shoe fu, the owner and chairman of the jilly automaker out of china has taken a 9.9% stake in daimler a.g the cost for him $9 billion. you might be saying to yourself, well what are they doing buying a big stake in daimler and what is in his interest and like so many of the other automakers in china wants to more more toward electric vehicles or deer emission vehicles. daimler is considered one of the leaders in that space. as it develops these battery electric vehicles. so as the result of this, daimler a.g. selling a $9 billion stake 9.9% of the company is now owned by lee shoe fu, the chairman of jilly. >> and coming on this day, when we are learning about on bong and as you make clear, chinese government mandate electric cars and so this kind of deal is now okay with the government >> absolutely. and with geelly they are expanding their portfolio globally and that is what the chinese government wants as well >> got it. thank you, phil. >>> so we were talking a

automotive firm geely have surged on news its chairman has built up a stake of almost 10% in germany's daimlerasia business hub where rico hizon is following the story. eyes to see you, rico. what is your ta ke eyes to see you, rico. what is your take on this story. the german of geely is making this $9 billion bet. that's a lot of money. that. can that's a lot of money. that you can access the mercedes—benz technology. mr li is in stuttgart and hopes to meet top german government officials in berlin, and that successful then geely would be able to integrate the german car—maker's technology with its existing product line of foreign luxury car brands, which includes the swedish company volvo. not many people know about geely but they acquired volvo eight years ago for $1.3 billion, then followed it up with the purchase of the london taxi company in 2013. the company that produces the most popular model of the iconic london cab, which i am sure that you write, going home. geely required a majority stake in the malaysian car—maker, proton, as well as in the british sports car maker, lotus cars.

the company says documents have been released "to harm daimler," and its near 300,000 employees.uthorities and has been asked to conduct an inquiry. emirates nbd is preparing to submit a bid. according to people familiar with the matter, they say emirates is evaluating an offer for the bank, but it could take several months to -- before he decides to sell. that was your bloomberg business flash. let's bring up after saudi arabia and their current approach to oil prices. a little bit of a shift to becoming more hawkish and hardliner. that could prove risky for stocks. the kingdom is targeting higher prices that tempt opec members .o break out compliance levels unsettling the market could reflect badly on the new msci emerging-market entrance, and potentially scare off investors. monica malik, the chief economist from abu dhabi commercial bank. monica, what is your read on change of tone- when it comes to a saudi arabia and its oil policy? monica: we have seen this since the beginning of last year. they wanted to support oil prices, and instead of trying to they focus market, on re

for 2017 you see the stock there opened -- indicated it opened slightly higher actually meanwhile daimler and its chinese partner baic plan to investment $2 billion to build a plant in klein dma it comes after the chairman of china's geely auto has said he bought a 10% stake in daimler. >>> and phiat chrysler to eliminate diesel models in 2022. in the midst of volkswagen's cheating scandal fiat doesn't sell cars in the u.s. but popular in europe >>> still ahead on "worldwide exchange," chugging along. many transports pushing off february lows. but still down for the year. so, what is next for the sector and what does it tell us about the broader market we've got a top analyst's take straight ahead >>> and later, smarter war samsung opngdrpi the new galaxy phone to compete with apple's ix any object. any surface. if you've got a life you gotta swiffer >>> welcome back to "worldwide exchange." i'm mike santoli, if you're just waking up, let's get you up to speed on early market action u.s. equity actions pointing to a positive open looking to open the friday rally last week s&p 500 set to o

phil lebeau. >> i can't even picture daimler without chrysler anymore it's just a -- it's a differentorld. >> well, mercedes. >> that will do it, the benz. >>> steve liesman has more on janet yellen. >> we just got a few pictures in from the traditional sendoff that happens at the federal reserve when the chair's job changes hands. janet yellen and -- outgoing fed chair janet yellen and fred powell can you see janet yellen addressing the collective employees at the federal reserve. i'm told she was greeted with sustained applaud by incoming fed chair powell who will take office february 3rd. there's jay powell addressing the group. we're told they said nice things about each other nice remarks made on both sides. some employees, we're told, put their collars up in a show of support for janet yellen then i'm told, guys, at the end of his speech fed chairman -- incoming fed chairman jay powell also put his collar up as a show of support for outgoing chair janet yellen and the style she has come to be known by, guys. >> steve, one question i don't know why this popped to my mind. but wha

daimler was to play a role in have 10 newant to electric vehicles by 2022. is will people take them up on it? so far, people like the big suvs, gas cussler's. , and we have ev's av's then the flying car. we have a bloomberg special on the hyperdrive, a new venture that we are launching, focusing on the inside stories of technology revolutionizing the industry of travel. joining us now also is shira ovide. when we look at flying cars, we can look at back to the future, but in reality, this feature looks at one company that is doing something between a thrown in a small plane. walk us through the actual reality that we could see. the actual technology, is not quite clear how that will go. there was an interview in davos ceo who said flying cars would be here in a couple of years, smaller vehicles. the technology exists. there will be roaders attached to it. i agree, it all sounds a little bit back to the future. we all thought we would be on hoverboard by now. whether by the middle of next decade we will have these flying cars, difficult to say. if i were a be

harm daimler and its employees.matter results in charges, it will be another blow to the german car industry in the u.s. the ceo of rio tinto has told bloomberg that china's restructuring will lead to much more balanced supply and demand. rio tinto gets more than a quarter of its revenue from the metal. london's property market has moved out of its boom phase and is warning sellers to be more realistic. a new report shows asking prices were down 1% from a year earlier in february. london was the u.k.'s worst-performing housing market in 2017 and there's little to suggest any upturn is in store. francine? francine: one of the biggest development organizations in the muslim world is spearheading an effort to tackle the world's biggest problem. the islamic development bank is launching a hub that allows innovators working on global issues to meet and share ideas. the best proposals will receive seed investment. , the president of the islamic development bank, which funds infrastructure, health, and education programs i

signs of upward adjustment with politics, germany reacting to china's jili buying a 10% stake in daimlers say the deal should not be used as a gateway to advance chinese policy interest. that stock down .2%. germany chancellor afrngela merl brought closer to a fourth year term the lowest level in a movement sticking with politics, italy's general election less than a week away. the polls show that it's unclear who will win the election. remzi leading the democratic party. he was the former prime minister and voters rejected changes to the constitution bett better lus xoeny is back and the youngest of all contenders is di maio the big topic of discussion is immigration and taxation ahead of that vote on sunday back to you. >> we'll be watching that all week thank you very much. >>> when we come back, social media giants still in hot water for fake accounts and fake news. how can the issues be resolved former high level insiders at both facebook and google are with us next stay tuned at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and a

china,more news out of manufacturing geely is requiring a stake of almost $9 billion in daimler to become the largest investor in the german automaker. equity,ns for private let's bring in melissa from unwinding of great china, inc. will this just be the start? >> it is a good question. only came onto the scene in the last couple of years starting in 2004 as an auto property and casualty insurer but really came onto the mindset or the radar of global investors when it bought the waldorf-astoria in 2014 from blackstone. since then, it has gotten a variety of huge assets including strategic hotels and resorts. a hotel operator in canada. new york city office buildings and life insurance companies in south korea. it has built a massive portfolio. the question among the investor community is -- what will be sold off? and what will the assets look like? vonnie: how quickly can this be done? fast but nowved assets.ve umbrella of >> no one knows for sure as the government has control for at least one year. closely,e watching it blackstone is rumored to be in talks to get back into the waldorf-as

a tameover of daimler would be impossible and the benefit of airbus and creating jobs but if it wasn'tfor the subsidize with airbus would have douglas aircraft and lockheed so free trade is -- foretakeovers is not talked about. you talk about china and national security, but, for instance, alcatel in france was able to buy bell labs. i don't think paris would have allowed an american company to take over such a significant french company that did major research. thank you. >> i just think you're wrong. with respect -- i mean, you say the subsidies of airbus. what about suck diss of boeing. we both have our wto cases. they're two subsidized air companies because you actually can't build pick aircraft without some form of state subsidy boeing is no exception. don't think that was to detriment of other players. i think the -- i mean you can -- i'm not going to comment on pick cases because i don't necessarily have the facts at misdisposal but i think american companies do invest in europe, do purchase companies in europe. there are takeovers. so i mean i think it's something of a myth to

daimler is under pressure to put money into that, and that's where the costs are rising.t: it is amazing how late to the game the incumbent carmakers have been on this issue. let's talk about unilever. we spoke to the ceo just a minute ago. they say they are on track to meeting higher profitability goals in the wake of an unsolicited takeover approach, though struggling to raise prices. what is the story with the earnings there? ksenia: that is the one positive story this morning and i think you mentioned the stock is rising. for unilever it is not an easy time. it did rebuff an unsolicited takeover offer last year from kraft heinz. so, they have got to show the shareholders that they can do well. so far, from these results, it is doing a pretty good job. matt: the maker of the most important tea int he world. , thank you.chko it all the latest stock stories by going to first on your bloomberg. it's also available to subscribers via the mobile app. so, check it out on your iphone or android phone. still to come, we speak with novo nordisk ceo, as the drugmaker's cfo

chinese investor has become the largest shareholder in's germany time where company -- germany's daimler company. he is the chairman of a multinational automotive company based in china. the billionaire already is a -- already has holdings in europe. the international agriculture show begins this weekend in paris. however, france is anything but happy. their concern about unemployment is a tracheal comes into force -- if a trade deal comes into force. reporter: this doubtful expression says it all. there's an undercurrent of anxiety at the paris agricultural show. farmers are dreading the arrival of terror free me from argentina, uruguay, and paraguay . brazil is already the world's biggest meat exporter. the trade union says the deal puts 25,000 livestock farms in france on shaky ground, a blow to a country that price itself on its food and where it comes from. "i would say that in france, we have an opportunity to have a diversity of breeds, diversity of products. it is also a country of gastronomy. we have farrs who are passionate about their work, attached to the soil, and i think th

a german company daimler has issued a second apology to china after its subsidiary miss avies benz quoted the dalai lama in an instagram posts the manufacturer advertised one of its white cars with text saying look at situations from all angles and you'll be more open instagram is blocked in china but the advert was shared by chinese internet users china views the tibetan spiritual leader as a separatist threat de mint has sent a letter of apology to china's ambassador to germany well the message he spends it already apologized on tuesday international criminal court has begun preliminary investigations into a case against the president of the philippines we're going to test his accused of crimes against humanity who is alleged role in the deaths of thousands of filipinos during his controversial war on drugs about four thousand people have been killed in the brutal crackdown and the activists say the true death toll is more than three times that number detaches says he welcomes the investigation as it gives him a chance to clear his name. u.s. senate leaders have agreed on a two year bud

germany's financial regulator said it would look into the $9 billion investment in the car—maker daimlerercedes, by china's geely, which hopes to access damiler‘s technology. with me is miriam gonzalez, an expert on european trade law at dechert llp. thank you forjoining us. sally running through the details on what strikes me about this is about trying to decide which investments are welcomed and which are not and thatis are welcomed and which are not and that is the difficult thing, isn't it? some industries will say, "we need access to this intellectual property and technology", but then the government might say, "yes, but it's a crucial industry". how do you decide what is important? maybe but there are no new things in this proposal, the eu members, including the uk, by the way, carry on these reviews significant foreign investment in certain sectors like nuclear energy, cyber security, financial services. this is something countries have been doing for a long time. it is done outside the eu regularly, the us have a particular mechanism and in australia, likewise, and in canada, the

they bought volvo auto and is but a big chunk and now he has taken the largest share in daimler, 10%.ig deal. he is on his way over to meet with angela merkel to talk to her about it. alix: this is about ev's. david: you see this around the world because there's going to be a huge investment made in ev's. also what he talks about his we are competing not with only other auto companies so we need other partnerships. he is very successful. xo the irony is if you talk in the community, a lot of the rhetoric is china is driving more electric vehicles. 20% of their sales in 2020 five to be electric vehicles and battery-operated vehicles. they are really putting their money behind it. david: he is paying cash. he doesn't have to raise money. alix: disney had the biggest battery giant now. just doesn't he have the biggest that we giant now are to mark -- founder and principal. your looking at a market that is climbing its way higher. still up by triple digits. euro rallying as well. the ftse up all in a softer brexit additional scenario. more hawkish ecb. buy all treasuries. this is bloomber

inquiry now into two commission tests in which monkeys and humans were exposed to toxic diesel fumes daimler has also suspended the board member over the scandal the monkey experiment took place in new mexico in twenty fourteen and was funded by volkswagen dam that and b.m.w. australia's domestic spy agency has secured thousands of highly classified government documents intelligence officers arrived at the national broadcaster the a.b.c. on thursday morning and after it did add a series of exclusive reports this week citing confidential files on current and previous governments what was later revealed though is that the documents were found inside a filing cabinet that was sold at a second hand shop prime minister malcolm turnbull has ordered an urgent review into that breach now panama has its famous canal and you've got to sue is canal which cuts through egypt now there are plans to resurrect a four hundred year old idea in southern thailand this is part of our series on global trade routes why and how you travel to seek out where industry groups are pressuring the thai government to consi

makes the founder and hairman daimler the leading shareholder, and is the largest chinese company inerseas automaker. about china. talk they are set to scrap limits on ow long the president can stay in power to alu xi to rule 2023.d >> it's sparked a range of actions from supporting to mocking. china correspondent tom mckenzie is standing by. huge news for the past 24 hours. what do we know so far. they thoughts and that are embedded in chinese history, he's set to rule forever. like.s what it looks >> certainly, manus road has been cleared. should he choose to do so, president xi could rule past the which a second term, officially ends in 2022. as you said. his is a president who has already been made and enshrined in the communist party. enshrined in the communist charter, and the lower barriers around the presidency have been removed. almost s articulates is a final mail in the coffin for collective leadership. in place towards the end of the 1970s to avoid problematic decision making that came under chairman mao to ensure a collective. and that there was a successful transition s

it was the notable underperformer yesterday as well due to disappointing results from daimler >> alsoay being weighed down by deutsche bank, which is down some 6% after reporting its third consecutive full-year loss broader markets, oil prices which did gain yesterday, they are -- sorry, bounced back yesterday, 1.5%, but still down for the week as a whole coming in to today. down a half percent for the week flat today 65.9 >> dollar board for you. the dollar index down 0.6% for the week as a whole. lost more against the euro and the pound than against the yen today we're seeing a bit of a bounce dak fback for the dollar. let's look at gold prices, down a little for the week. today flat, 1348 and bitcoin has had a tough start to the year, which continues this morning down 10% or so around the 8,000 level. >>> the u.s. labor market is in focus on the wall street agenda the january robs report out at 8:30 a.m. eastern. non-farm payrolls forecast to rise by 177,000, versus 148,000 in december. unemployment expected to tick down to 4% average hourly wages are seen rising by 0.3% let's get

daimler shares in the news, down 2.5% with reports of profits that missed estimates in the fourth quarternd rising cost of the mercedes ends division and warned that higher expenses will continue to dampen earnings growth as the luxury carmaker invested in a new lineup of electrified vehicles and they invest 10 billion euros to produce 10 of electric vehicles, new vehicles, by 2022. bymler shares today down 2.6%. vonnie: thank you. the man who coined the phrase irrational exuberance says investors are at it again, here is what alan greenspan told bloomberg. >> i think there are two bubbles, a stock market bubble, and a bond market bubble. in the end of the day, the bond market bubble will eventually be the critical issue. for the short term, it is not too bad. comments come as stock indexes remain near records, despite a small selloff in recent days. joining us is julian emanuel, chief equity and derivatives strategists at btig. he making a rational exuberance in his comments or are we looking at both? julian: when he coined the phrase in 1996, the market continued to rally for 3.5 years

is he on top of a daimler? he is on top of the £300,000 daimler.en on the horse? his sister called up from somewhere in america or canada and said, i have to buy this picture. it is going worldwide will stop he has a great moustache. i wonder if he looks like that now, that was 40 odd years ago. you have an extraordinary picture of the gallagher brothers, oasis, noeland liam. the reason why i think this is unique is it is the only known picture of the two of them smiling together. we were backstage at the royal albert hall. roger dockery was hosting. he is the governor. we were doing pictures of the main stars —— roger daltrey. i photographed or the executives and all of the people from the teenage cancer trust. roger adultery is the god. they stood next to him and they had the mean and moody look —— roger i said you are going to smile. they said we do not smile. i said you will today and they said, you cheeky so—and—so! we got the picture. it is all about promoting smiles and goodwill. the teenage cancer trust is such a good charity to be involved

can a small, specialized car company, mindful of the fact of the investment in daimler, do you need topublic with your stock to raise more capital? andy: the answer may be both. is notevance of an ipo relevant to that particular argument, but we are making a new kind of a company. a company that can survive on 17,000 to 14,000 high-priced cars per year. but it can survive because of its partnerships. dealaimler mercedes-benz gives us access to technology being developed in a world leading company. that is how we can continue to stay relevant and updated. we are making a new type of company that doesn't rely on 10 million cars per year. it can be very profitable on that. that sort of seven to 14,000 cars per year. only with a big brother that can help it out. david: ok. andy palmer, great to have you here. he is, of course, ceo of aston martin. coming up, samsung unveiled its latest flagship, galaxy s nine. how does it stack up against the iphone x? that's next. this is bloomberg. ♪ abigail: you are watching "bloomberg markets." time to dive into the futures markets. today we are taking

daimler says itthis company is s around the world to keep up with expenses.tion with its investment arm after trading slumped 27% last quarter, combined with a generous bonus scheme pushing the business into the red. coming up next, we get the latest on bitcoin. ♪ 10:29 in hong is kong, 1:29 p.m. here in sydney. this governor says he is our defining the uk's next financial this, while submitting that no theral bank can eliminate crisis, he says that the boe is mounting for a more stronger defense by ensuring higher capital levels. the crisis, he sayscarney says thata crisis will happen, is the best way to prepare for it. the philippines central bank says that a rate hike is on the table, as inflation threatens to approve the system. the central says bank will rely on data to determine the outlook of prices in the next two years. policy makershat will manage volatility in back we markets but he has no target. jamie dimon has extended his reign as the best paid ceo on wall street, for the second straight year. his total package last year was $29.5 million, and

notable underperformance in the german dax, the index erasing most of the gains for the year here's why daimlere home of mercedes benz reporting a 49% jump in quarterly net profit but issuing a cautious outlook for this year saying it expects spending on new technology to dampen earnings growth. that stock down 2.5% in the uk, shares of royal dutch shell also moving lower despite profit that's tripled in 2017 as oil prices rebounded the stock under pressure because cash flow figures came in a bit below forecast that stock down about 3% and then there is unilever upbeat earnings thanks to stronger demand in emerging markets like india and brazil. that stock up 1% take a look at pharma, big movers there, roesch moving lower. 2017 sales growth came in line with estimates led by new drugs for multiple sclerosis and cancer the company also says it expects profits to grow faster than sales this year due to the new u.s. tax law and we take a look at nokia. that's been a big talker today maker of telecom equipment, beating with the fourth quarter report card boosted by a license fee. but nokia adds the

government's first decided and also the german government support that and at least there is someone from daimler religious in germany able and willing to get the child back. we'll leave it there but thank you very much for that it's it's it's quite disturbing to absolutely so you just see the very human cost of what is going on like you're a member sally york. this is the dubliners life from berlin still to come a crusade against corruption in motor more than three months after the murder of an anti-corruption journalist dublin weeks local residents continuing fight. just weeks ago because it was setting the record after record today that it's a different story and had a whole three could tell us more that's right he decided to hold on to those bitcoins and not fold them fail well probably have been in for a very rough ride some economists are saying this could be the bursting bubble so many people were predicting big quinn has plunged below eight thousand dollars as a miserable week for cryptocurrency is comes to an end investors a confronted with a mounting list of concerns about the future of

the rubble the collapse was caused by water entering the site from leaking pipes the german company daimler has issued a second apology to china after its subsidiary mercedes benz quoted the dalai lama and instagram post the manufacture advertised one of its white cars with text saying look at situations from all angles and you will be more open instagram is blocked in china but the advert was shared by chinese internet users china views the tibetan spiritual leader as a separatist threat they mirror sent a letter of apology to china's ambassador to germany or the mercedes benz is already apologized on tuesday or than ten thousand people have fled their homes in argentina's northern south a province after a river burst its banks causing major flooding souter's home to several argentina's remaining indigenous communities when you're trying to reports from santa victoria in argentina's far north. when the waters rise they do so rapidly and they're ruthless there's just time to save what's essential a place of it at that moment i saved my nephew but then i couldn't get back seven kilometers fr

as for hillary, when in october of 2011 moammar gadhafi was killed, cbs daimler and say what you said? she said we came, we saw, he died. well, probably million people have died thanks to cad moammar gadhafi's fall. was mad main and a crew author tarynan. the would be nothing but anarchy in the country. this takess to the end of the line because by 2011, they were also saying, obama and especially secretary clinton, that assad had to go. he was unilaterally deposed by washington. had they contacted moscow? no. had they contacted? tehran, of course not. they decided themselves that assad had to go. so, go he would. and they were going to fund the so-called moderate arabs. by 2014, president obama admitted in public testimony that there were maybe five or six they had failed. five or six there was no such thing as the moderate arabs. there will a few but most of them were fronts for al qaeda that just wanted our weapons. the kurds are the single exception here. enough, i could get into why obama became a liberal internationalist, was one. part of it came from the fact he was been that w

ramy: daimler is trying to play down the newspaper report that says its own engine questions the legalityontrol its diesel powered plants. the build haveby been released to "harm dialer and it's nearly 300,000 employees." .aimler says it is cooperating yvonne: that is almost it from us on "daybreak asia." haidi, you are watching the singapore budget, and the reaction to all of this. .aidi: really dissecting we had husband a talking about the ramifications. it's the budget that counter the demographics problem of an aging population, how to pay for some of these costs that are associated with an aging population. we will be speaking to the singapore minister for trade and industry, going through the details of that budget, and also talking about the singapore economy, which is a bit of a canary in the gold mine, when it comes to global trade. it is such an exposed economy when it comes to global trade flow. we are going to talk about the synchronized global trade story and whether tensions come into play in his outlook. joining us will be the ubs wealth management regional cio also. he say

li shu food sherman have ginni automobiles has by a close to ten percent stake in german automaker daimler. the german groups largest single shareholder shoe but his stake in the maker of mercedes for over seven billion euros this is thee latest in a string of german acququisitions by. . wealthy chinese firms j judy automobiles isis also the owner city spread volvo since twenty ten. and german automaker volkswagen has seen its not profit increased by more than half last year with whether yououlimbing m more than s six percent. issues related to the d diesel scandal that broken twenty fifteen is still refususing earnings a t total cost of three point two billion eueuros for twentnty seventn that crosses over three billion euros from twenty six. pyeongchang winter olympic games will be ending on sunday and what country that's been following the events very closely is china as beijing will be hosting next winter games in twenty twenty two. china is not a super power in which our sports so beijing authorities are trying to convince people to to try them out. but to create a new consumer market