but erik did talk, eventually.> reporter: coming up -- >> lyle burst into the room. she heard him say "why did you tell him?!" >> reporter: the explosive secret, hidden until now. >> reporter: could you believe it? >> no. no! it was absolutely devastating, shocking, just beyond words. here, blow. blow on it. you see it, right? is there a draft in here? g you, it's so easy to get home insurance on progressive.com. progressive can't save you from becoming your parents. but we can save you money when you bundle home and auto. we're on a mission to show drip coffee drinkers, it's time to wake up to keurig. wakey! wakey! rise and shine! oh my gosh! how are you? well watch this. i pop that in there. press brew. that's it. look how much coffee's in here? fresh coffee. so rich. i love it. that's why you should be a keurig man! full-bodied. are you sure you're describing the coffee and not me? do you wear this every day? everyday. i'd never take it off. are you ready to say goodbye to it? go! go!

erik: that is ambitious., great to see you, and thanks for spending time with me. , joey levin, if you ever been on match.com, tinder, vimeo, almighty visor. vonnie: i have used a couple, erik. we can discuss the details later. erik schatzker, thank you. some breaking news -- we're getting some details on the senate tax plan -- actually a details over. john tim says the senate version would keep the wind tax credit unchanged. that is all we know so far. he headed to capitol hill next for the latest that we will be headed to capitol hill next for the latest. this is bloomberg. ♪ amra: live from london, i nejra cehic. vonnie: and from new york, i'm vonnie quinn. this is bloomberg markets. today is crunch day for republican tax writers. the house ways and means committee is in the final that negotiating legislation, while the senate prepares to reveal a blueprint. th, senate, john republicanu,ne said the plan would keep the wind tax credit unchanged. you can see those pictures there -- they are still talking abo

erik: i will never forget that.nsumer net worth looks incredible, but when you look underneath, the majority of americans have not had real wage growth in two decades. mantra is to our buy complexity, sell simplicity. the one area in equity market, we are quite constructive on asia. japan is a very big market for us. we talked about this last time, we have been calling for a turn in emerging markets. we think we are entering a midcycle of emerging markets. [laughter] henry: if you snooze, you will miss it. but things are happening fast. we think that will continue for the next couple of years. implicit in what i'm saying is the view on the dollar. we think the bull market in the dollar is largely -- has largely run its course. erik: you mentioned that complexity is over simplicity? kkr,goes back further for but you have been talking about , privateexperiences markets versus public markets. is all that stuff still working? henry: i would say there are a couple of things better changing. today, the news on ge, you loo

erik: trust me, i love it.i: that is one of the reasons we have a b2b model, one of the reasons creators paid to use our tools. it is a core part of our value proposition. erik: why is life such a big deal for video now? it is not like we are talking about espn. anjali: live streaming is number one across the video creator community. live is not just something that people are just able to do on their phones. it is not just for a professional tv studio, like bloomberg. what we are seeing is everybody from the open studio to a church to a school to a startup wants to be able to connect to their audience in real-time without having to be in the same location. escape of a professional, live event is where we are seeing growth in, and it is a huge market. you mentioned global to global is a huge consideration for anybody on a network platform right now. what kind of challenges are you encountering to make it as much as we mobile as you can? -- as can?natively mobile as you anjali: one of the things our team has been

bloomberg's erik schatzker is at the home of angi and has more. erik: thanks very much. with chris terrill, ceo ces, thehomeservi company that is a product of the merger of home advisor and angie's list. chris, immigration is the topic -- integration is the topic or the question in most people's mind. tell us how it's doing. what's still on the list? chris: it's been going great. we are excited to bring these two huge brands together. you can imagine it's been a difficult path. when you look at the major buckets, cost synergies, we are ahead of the curve. you look at traffic synergies, where we look at how we managed -- monetize. we are ahead of the game there. the longer-term bucket in terms of having an integrated salesforce, that's going nicely. i think that's further out, but we are excited as to where we are. the integration has gone really well and we are a bit ahead of schedule. erik: how long do you think he will take before you can look back and say it's done? chris: i don't think it's ever done in this space. next year is the critical year. we have reaffirmed o

erik: i think it is a lot at once.veryone will look towards building based business but also adding on to acquisitions to fill gaps. that is that is what we are doing in seeds. we announced an important acquisition for us in brazil and argentina. we are looking for technology companies to enhance our digital capabilities. lots of new stuff is happening in the digital world. we are venturing and partnering with companies. and we are looking for acquisitions. it will be more targeted at gaps we havelling geographically or technology wise, to continue to strengthen our number one position in crop protection and strengthen our number three position in seeds. vonnie: the relationships between free trade countries the world over is changing radically. i wonder how that will affect syngenta, particularly when you look at the u.s. and tbp, for example. agriculturalrs of products from the united states is very important. the farmer in the united states is the most productive in the world. first were. new technologies. has a lot

erik: what is your got?that it is going to last for another two years because people are so worried about current valuations. if you look at the gdp -- major countries around the world, france, germany -- i will forget the u.k. -- but even japan will have positive gdp. china is doing well. the u.s. is ok. so, with low, slow growth, it can stay in this mode for a while. erik: you talk about taking profits. you have been lightening up on access tons -- equities and fixed income and you have been adding to real estate and fixed mitigation strategies. ist i would like to know is that all just a part of shifting toward youro long-term objectives, the long-term targets, or does that also reflect some concerns about the current environment? chris: the answer is both. we shifted the portfolio. we are still roughly 80-20 and the but we change the dynamics of the diversified 20%. we are also trying to be towardr long-term objectives, the smart, rebalancing. as the equity market continues to run and that side of the po

erik: talk to me about the innovations..ut innovation and i suppose disruption as well. talk to me about the innovation you are implementing now and anticipate implementing that will prove to be disruptive. nawaf: data is at the heart of all we do. our ability to analyze and glean insights from the data is fundamental. people talk about cloud computing all the time. cloud computing provides elasticity -- and elasticity they can be a force multiplier. you can expand into resources for periods of time when you could not afford them cost-effectively on an ongoing basis, but those of the type of things we look at. erik: what about machine learning? awaf: it is something we deployed today. a lot of folks don't understand how it is distinguished from artificial intelligence. i think wishy learning is a state-of-the-art in artificial intelligence. when you are able to do is look at pass pattern's of data and correlate them with known outcomes that occurred in the past. i like to use the expression those who ignore history are doome

francine: erik nielsen stays with us.ter today, we speak with the equity group investment founder at 8:00 a.m. in new york. this is bloomberg. ♪ tom: and good morning. interesting markets. they grind higher. international relations and foreign policy news this morning. to first word news. here is taylor riggs. opposed laste month's decision. in an interview with matt miller, she that she would have liked a clear egg that and the different vision. exit and aar different vision. >> you could see in the next year how it is developing. german eighth download expressed his dissent within a day of the announcement. trump calls north korea a threat that is a danger to the entire world. he met with another president and called on nations to stop doing business with north korea. for theit is time regime to come to the negotiating table. trump is standing by saudi arabia's king and crown prince. he tweeted they know what they are doing. 11 saudi princes and dozens of former ministers have been arrested. one of them is bin talal. th

erik: amazon is a done deal. close are you to get a google microsoft, two companies you just named to make similar commitments? >> we are in conversations with him. they have to see the potential in the region, which they do. and the second element is making them see the benefits of hiring. we are in conversations. i can't that we are close to concluding anything, but we are hopeful. predicted one of those conversations will result in agreements before the end of this year or next year? >> i want to speculate, but hopefully we can reach some kind of conclusion. scarlet: that was the ceo of the bahrain economic developed board. time now for the bloomberg business flash, look at the biggest business stories in the news right now. bank of america merrill lynch says investors are riding a wave of irrational exuberance, according to the latest survey, fund managers view stock is overvalued but are bullish on growth. and record 60% of investors say they are assuming above normal levels of risk while reducing downtime p

we get to erik schatzker with more. erik: can griffin with us from chicago by telephone.d afternoon. the obvious question, you are a harvard grad. you have given to harvard, so why give to the university of chicago? ken: i am excited about the vision that the president has for the university and it is a chance to support the premier economics department of the world. erik: your name will grace that economics department, going forward. tell us what else you were specific about in terms of requirements that you made of the university in exchange for this gift? ken: i am a member of the board of trustees of the university and i see the careful consideration they give to every item of spending. rather than force them to spend on a particular cause or reason, they've got great latitude to put this money to the best use. importance, we want strong packages of financial aid for all students and we want to have the resources to attract the best graduate students and the best professors to the university and in particular to the economics department. erik: do you think that is imp

erik's not help but a counseling center for online addicts. usually all the seats here are occupied. but the other internet junkies didn't want to appear on camera. at home i had a lot of stress with my mother and i moved out early at just fifteen at school they used to tease me and bug me it was horrible for me and when i came home there was the p.c. . by deputy darwin i played it was a way of escaping all the unpleasant feelings were suppressed and it gradually turned into a habit. well as well. as how well that means it had a positive effect for you at that time you just felt better because of it. as a. they always looked forward to it and the morning i felt got to go to school at school i always thought just a few more hours and i can go home and play that kept me going through the day. these days erika's lots of time he quit school and broke his volunteer working for ecology just to keep playing even though you know looks for ways to distract himself from his craving for the internet eric is still far from clean. so. he still visits his b

erik wants to withdraw from his addiction. he's serious about therapy and goes to an addiction clinic stationery treatment group therapy individual talks. cameras aren't allowed. he's released as cured two and a half months later. how was it. great i already miss my fellow patients. i do this in occupational therapy so it shows the contrast between the mask i show to other people and my inner life which i try to hide. as if i had to delve into the difference or and. since i've started doing this i have the feeling that i don't need my p.c. anymore yeah. but of course it's not easy. to have to learn to be more honest with myself but i want to. have realized i feel a lot better when i own up to myself. sometimes it was very intense i cried i hadn't done that in a long time. and why. when i was one evening it was all too much for me everything i had repressed for so long the reasons i always played online. yeah it surfaced again. couldn't go back to that again but at this moment it was all so much and. it all came out it. still f

erik: should it be more outcome driven? mr. think that would be a constructive place to be. there have been a number of folks that have been leaders on this for, the folks -- the texas teachers have been some of the most aggressive. the one or 30 model is an interesting one. there's no right or wrong answer. anything that generates closer alignment between our folks fundamentally delivering for their clients and are they being compensated at realistic levels? not at the levels that have happened historically, is a good thing. ♪ >> if you look at the indices, the emerging markets index, the u.s. index, japan index, tech is bigger in emerging markets than even the u.s. and japan, which is quite remarkable. this is because of the incredible impact of the smartphones being sold around the world. 70% of those sales are in emerging markets. david: that's in part because people can afford to buy them. mr. mobius: exactly, you have a phone being lent for $25. it's a loan you can pay off. it's quite remarkable. jonathan: looking at fx m

but it's not just computer games erik also spends a lot of time on social networks and video portals. one of my weakness is definitely you can watch it anywhere in the library in an internet cafe with friends just click on a video it's terrible you ask me not to say you anymore. you click on a video and see ten others on a suggestion and you click on the next one and then the next and soon you've lost two hours. eric is in therapy or do you think about that really or is there be you never tell me. you know i am a muslim girl is definitely a good idea of a schmuck i want to be oldest but you tell me you want to stop using a p.c. altogether i suppose kansan and that makes no sense yes i mean you have to see the difference printed asia and work. so much if i'd said when you want to apply for a job so you have to sit in front of a computer to write your application it is it's a must and you can submit one that's written by hand like my grandmother did in the nineteenth fifties and. one reason why i'm. alone but eric still disagrees with benny and the tendency of the times. and when he dra

erik always wants to be online he's an internet addict but twenty year old spends lots of time playing computer games and in social networks. he realized that himself and now he wants to end his addiction but he knows that to do that he'll need help. eric is on his way to his computer. so. he isn't cause he hears the monitor he's. got the equipment for the computer. there's a keyboard. he has there's a drawing tablet. there will be janitor is here. he isn't here is all the star mouse cables. webcam all the extra stuff i said atlanta. was a good fellow how do you cope with all this being here. which was to be honest the moment i brought it all into the cellar it was as if a tremendous weight fell from my shoulders. sure sometimes i miss it and would like to get back on line but on the whole it feels good. i listen. maybe he's painting too rosy a picture because even if his own p.c. years out of range eric easily finds ways to surf the internet elsewhere and then there is always who smartphone. i use it only when i urgently need it so it's usually here i would i think that's the danger h

goodbye, erik.nd then there's andrew rosenthal. [ laughs ] andrew owns la dogworks, this pet care place in l.a. that has everything from boarding, grooming, training, and a bunch of other things. i love the business model and i love anything to do with pets. but andrew, he was a complete maniac and he hated everyone. the only reason my partner is alive is because murder is illegal. he's going to get fired anyway. lemonis: why's that? because i [bleep] can't stand him. in the first day of filming, people typically are on their best behavior, but the really crazy ones, i think they have zero awareness. i remember andrew rosenthal being very aggressive, but then five minutes of being there, he was aggressive with me... i can make this businesses work with or without you! ...and his employees. no. i'm not going to put up with that! jesse failed miserably! he wouldn't listen to a [bleep] thing i say! i don't have to ask him time and time and time and time again! e-mail me the [bleep] schedule! just do it

erik powell will kickoff. this is returnable.ameron scarlett, scarlett has a hole, here goes cameron scarlett! one man can beat him, the kicker! and the kicker, erik powell, bring some down at midfield. >> petros: that is the second time he has done that. scarlett had a nice return on the last one and powell had to track him down. >> justin: cameron scarlett, who has had a couple of big returns today, almost took one to the house, but it is the kicker, erik powell, saying uh-uh, not if i'm here. come on, kicker. it's the holiday homestretch. the festive finale. and this family's getting pa-rum-pum-pum-pumped for these last gifts. yup, total family freakout! that's what the right tech will do. other things it does? multi-player magic. awesome sauce. and hands-free housework. this holiday hookup is all thanks to this in-home advisor, and one-of-a-kind selection only at best buy. open this last. [ joe cocke♪'s "with a little help from my friends" ] vw drivers have always put others first. now we're returning the favor, with the peop

now erik prince the founder of the u.s. private military contracts of blackwater and supporter of donald trump's presidential campaign is currently testifying before a house select committee of the on going investigation into alleged russian interference in last year's election yes attorney general jeff sessions is also testified behind closed doors for the same investigation so let's get more on this i'm shihab rattansi his in washington d.c. and chad what do we know about the perhaps unofficial role of erik prince chairing the presidential campaign of two thousand and sixteen. well the house intelligence committee are going down this route road of inquiry in what they call an open hearing in a closed space in the hearing room behind me open hearing in a closed space that's their euphemistic way of saying we're not welcome we're not allowed in we do hope for a transcript of what exactly they're interested in in the coming days but that wait may well be redacted but if it's erik prince what we can we can speculate on is thi

erik brown was arrested he's been charged with kidnapping and murder. police say they have phone records and dna evidence that link him to the case. brown is currently homeless but he's a retired navy petty officer and his status gave him access to joint base little creek. they say that he visited the blimpie sandwich shop where billie worked almost daily. brown made crude sexual comments on at least one occasion. billie's father is devastated that he couldn't protect his daughter sniept as daughter. >> as a father, to know that i wasn't there for my daughter, to be against this guy, my daughter is 4'11", to look at the size of this you preyed on my child. >> reporter: and police say that brown admitted to being on the base around the time that billie disappeared. but he says he blacked out and can't remember what he did for several days. back to youment. >> megan mcgrath. megan, thank you. >>> 6:05 right now. we know it was a tractor-trailer that hit someone on the beltway this week and drove away. we learned the name of the man hurt in the crash as we

that was joey levin, iac, speaking with erik schatzker.n is taking its first steps into the british soccer market. amazon prime video will produce some behind the -- of us find the scenes series -- will produce a behind the scenes series. amazon is paying man city more than $13 million for this. coming up, the latest in the drama of at&t's quest to buy time warner. is the department of justice standing in the way, and why they might have their sights set on cnn? this is bloomberg. ♪ qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology." let's start with a check of your "first word news." senate republicans have released their version of a tax cut plan that would cut the corporate tax rate to 20%. utah senator orrin hatch says the time is now to rewrite the u.s. tax code. senator hatch: economics are a disaster in comparison to what they can be, and we are about to change that. we hope to do this on a bipartisan business -- basis. whether they do or not, we will get this country

. >> erik paulsen on twitter at the al lawson -- thank you for your time. aswatch c-span next week congress debates tax reform. the senate finance committee begins a review of the bill monday at 3 p.m. eastern. live coverage on c-span3. a house the base its bill thursday, live coverage on c-span. -- details about both bills and listen to live coverage using the free c-span radio app. good morning, this is american history tv on c-span3. we are live on this veterans day from the vietnam veterans memorial in washington dc. all weekend, we are looking back 50 years to the vietnam war, with live coverage, archival films, and first-person accounts from vietnam war veterans and antiwar protesters. coming up at 1 p.m. eastern here at the vietnam veterans memorial, you can watch a ceremony with chuck hagel. also speaking will be myelin, the designer of the wall which is inscribed with the names of men and women who died during the war or remain missing. at 11:30 a.m. eastern, join us for a live program with historians mark atwood lawrence from the university of tex

erik sent me a letter talking about you. i want to read you what he said.to me, dancing with me, wiping away my tears, cooking for me and making me laugh at every turn. unfortunately like so many filipinos, her story is not all smiles and love. she had to choose a life away from her daughter and thousands of miles from her family. there are literally thousands of people around the world -- thousands of people around the world, me included, who have been influenced by her endless kindness and love." filipinos give. of themselves, of their time, their money, their love to others. they do and continue to do what needs to be done to survive. ♪ ♪ edelweiss, edelweiss every morning i greet you ♪ ♪ small and white clean and bright bless my homeland forever ♪ ♪ blossom of snow may you bloom and grow bloom and grow forever ♪ ♪ edelweiss, edelweiss bless my homeland forever ♪ ♪ ♪ >> aurora: oh my gosh. oh this is from albert. oh, my gosh. wow! oh, my gosh! i really hope you enjoy the simple gift i sent and i know that my heart is with you always. i love you very much

this homeless retired navy veteran, erik brown, is charged with kidnapping and murder.rs found his dna on ashanti billie. she disappeared off a naval base. billie was just 19 years old. >>> well over 24 hours after polls closed, there are four delegates across virginia still too close to call. they could go into recounts. if the gop keeps the seats, it will have a 51-49 majority in the chamber. we'll keep updating the vote count in the nbc washington app. >>> president trump hammered trade, military partnerships and north korea during his trip to china. take a look at the live pictures now. he's attending a state dinner right now in beijing. later today, the president will travel to vietnam. >>> right now the search is on for the man accused of attacking a woman as she w this happened yesterday morning. this is a sketch from police. the victim says a man jumped from behind a bush along walnut street in woodbridge. she says a man grabbed her, ripped her shirt but she managed to get away and call police. >>> as veterans day approaches, a local medal of honor recipient is

all right let's speak to erik solheim now who's executive director of the united nations environment program you net and he's going to talk to us live now from nairobi via skype thank you for talking just now bone had the task really of translating that conceptual success of paris into a practical playbook if you like for how to move forward and it seems to have succeeded actually i think it was very interesting i mean everything else this was the first convention of the part. of the president from the united states out of the convention or. of the nation two hundred of the nations this. from the united states private sector companies like microsoft very important promises china in their eyes not basically in the lead on the. revolution going. into solar and being. very core united kingdom come about no instructor. called so there was the really interesting results well that is the fundamental issue isn't it basically the developing world. up against the developed world those who have done the most polluting and those who are feeling the effects of it that is the chasm that has to be

erik: tightening? henry: they have been easing.it spreads bringing down the dollar, so the fed is in action, but today, actually, financial conditions are easier today than the fed started raising rates at the beginning of this cycle, so our view is they will continue to raise rates. i think economic growth is solid, and i think there are things they want to do to send a signal that come up to kerley where credit spreads are, that they are not going to leave the they want to send a signal that, particularly, where credit spreads are, they are not going to leave the punch bowl at the party. us, high-yield spreads is one of the single weakest indicators we look at. two, us, implied default monito, 1%,before last week, it was and put that in context, in january of 2016, it was 8%, so the market has gotten quite constructive. i think him place it is a good term. as a firm, we managed a lot of complacency isk a good term. a lot of, we manage loans. the high-yield bond is less. if you take a step back, that seems a little bit offsides, t

i mean if you want to be an i want to like erik do so on the edge i really enjoy that i want to tell stories that have relevance in advance and. such as this drama about abuse and violence at a protestant reform school. because i'm going to. born in one thousand nine hundred seven luis hoffman is the only one of our magnificent seven with no formal acting training but that doesn't seem to be hindering his career. who is hoffman was fourteen when he got his first starring role playing tom sawyer in a german adaptation of the mark twain classic the last member of our magnificent seven is another of wunderkind not yet twenty five she's already being compared to the great romy schneider some call her the best actress of her generation that's thanks in large part to one film. it was her work with french director francois was all that got polarbear noticed outside germany. she plays ana who is mourning her fiance killed in action in the first world war she meets the young frenchman and falls in love with him she has no idea that he is the one who killed her fiance in battle. you. see the s

i mean if you want to be an i want to like erik do so on the edge i really enjoy that i want tell stories that have relevance in advance and. such as this drama about abuse and violence at a protestant reform school. because i'm going to be. born in one thousand nine hundred seven luis hoffman is the only one of our magnificent seven with no formal acting training but that doesn't seem to be hindering his career. louis hoffman was fourteen when he got his first starring role playing tom sawyer in a german adaptation of the mark twain classic the last member of our magnificent seven is another one dark and not yet twenty five she's already being compared to the great romy schneider some call her the best actress of her generation that's thanks in large part to one film. it was her work with french director francois was all the polar bear i noticed outside germany. she plays ana who is mourning her fiancé killed in action in the first world war she meets the young frenchman and falls in love with him she has no idea that he is the one who killed her fiance in battle. you. see the sycophants

erik is a doctoral candidate at jooinl george mason school of government. he received m.a.s from george washington university and the air command and staff college. he is the co-author with trevor thrall of two cato papers including "step back: lessons for u.s. foreign policy from the failed war on terror" which is available in hard copy for those of you here in attendance and online for those of you watching from afar. i should also note that we've made available in the foia recent articles on afghanistan by mike o'happen lop and steo'h steve biddle. erik, who deserves all the-c would like to begin by telling a firsthand story about major pappas's exploits in afghanistan and then major pappas will take it. >> good morning to all. major pappas and i served together in afghanistan. 2010 you're in southern afghanistan for those fands of can the deliverance" imagine the ban joez playing out in the distance. 8:30 at night. long duty days behind us. and we're playing the world's best video game for a combat setting, which is -- "call of duty." correct. major pap

he talked to our erik schatzker. >> the challenge and finance is that generally the drop in oil pricesn a blessing in disguise. it has forced governments to take on policy changes and law changes that have been for the benefit of investment. >> that would have previously been unpopular? >> at $100 oil, we do not -- the government -- it has made my job easier. investmentn the attraction double from 2014 to 2016. we will see over $700 million in 2017. >> and foreign dreck investment -- in foreign direct investment? >> yes, record numbers coming into the kingdom of bahrain and because of the openness the economy has always said -- always had. andy -- on saudi arabia, it is good news. people look at the regent and see it as a zero sum game. grows, what will it do to the other states? we do not say that about asia. malaysia, hong kong. the sex ong. 2018?t about >> hard to match the numbers. unique as we attracted amazon web services to set up their data centers. what they call a region in our country. it is a data center. data farm or server farm. it will serve the entire middle east and af

appearing under oath, it's reported but not confirmed by committee that same committee will hear from erik prince, brother of betsy devos, a major trump donor, founder of controversial firm blackwater, notorious in the iraq war. previously described as unofficial trump administration intermediary who met during the transition with a representative from russian president vladimir putin's office at secretive meeting in seychelles islands. reported that person he met with not random emissary, but reported by the intercept and confirmed that russian dude he met with happens to run the russian sovereign wealth fund, a multibillion-dollar entity funded by the russian government. that news expands by one the number of russians connected to the putin government we now know made contact with the trump campaign or trump associates during the election or transition. we also should tell you, heard on our show from the fund after the report last night. can't wait to tell you what exactly we heard from them. coming up tonight. other end of capitol hill, voted along party lines, all republicans yes, all

that was joey levin, iac, speaking with erik schatzker.aking its first steps into the british soccer market. amazon prime video will produce a behind the scenes series. amazon is paying man city more than $13 million for this. coming up, the latest in the drama of at&t's quest to buy time warner. is the department of justice standing in the way, and why they might have their sights set on cnn? this is bloomberg. ♪ ♪ it is 12:30 in hong kong. some breaking news this hour. china is removing its foreign some sectors,t in including banks and securities companies. that is the headline on the bloomberg. the headline says it all. foreign bankske can up their stakes in chinese banks and securities firms. one of the big complaints has been with the security ventures limited at 49% they could not have that majority control. that has been lifted to 51%. the banks had been limited to 25%, so limiting their ability to cash in in on lucrative areas like secondary trading and management control. said numerous times there is too much protection of investm