with companies to sell their products exclusively on their platforms in a big blow for amazon and flipkartr huge discounts to customers. the changes area discounts to customers. the changes are a result of intense lobbying by indian owned shopping websites and millions of small businesses who are also an important voting block for prime minister narendra modi's party. if the enforcement is right, then we will be on a level playing field where i think we will have a fairfight. it field where i think we will have a fair fight. it will be a fight where our technology will matter, our products will matter, all of these things were not mattering because you could just hand this packet of cocaine in front of the consumer, here is the discount and they would ta ke here is the discount and they would take it. the regulations could benefit larger traditional stores that have been hit severely in the last few years. the growth rates for brick and mortar retailers could ca ptu re brick and mortar retailers could capture about 1 billion brick and mortar retailers could capture about1 billion to one an

retail john's walmart's and amazon battled it out last year to take over indian delivery service flipkart with the aim of bringing e-commerce expertise to the world's second most populous country but now a new e-commerce law and yes making investment difficult with tough restrictions for foreign investors in the retail sector india's revised foreign direct investment rules for e-commerce went into effect at the beginning of this month. the new rules especially affect platforms selling their own products because no single vendor can account for more than twenty five percent of an online marketplace offering their restriction is aimed at protecting india's.

with his business on battled it out last year to take over indian delivery service flipkart with the aim of bringing their e-commerce expertise to the world's second most populous country but now a new e-commerce law and yes making investment difficult with tough restrictions for foreign investors in the retail sector india's revised foreign direct investment rules for e-commerce went into effect at the beginning of this month. the new rules especially affect platforms selling their own products because no single vendor can account for more than twenty five percent of an online marketplace offering their restriction is aimed at protecting india's retail sector but its critics say it makes it harder for online platforms like amazon or even indian e-commerce platform flip card which is now owned by wal-mart to easily penetrate india's growing online retail market by only selling their own products last year walmart beat amazon and a bidding war for controlling stake a flick out with the hopes of entering the indian market the newer stiction has dealt a blow to wal-mart's expansion plan

talked about this we've talked about amazon trying to get into the indian market and wal-mart buying flipkart and how difficult it is now because india is passing laws and making new rules and regulations that are prohibited and this is coming up as an election by the way is about three months of the future in india so they are listening to the people's complaints and and want to shore up their base as they run the president the prime minister of india but there's more they want master card and visa and other companies to keep data stored in india which is also prohibited and there are increasing tariffs on electronics and smartphones and other things so the united states is saying hey we may read can figure this g.s.t. or eliminate it altogether and what india fears is that in a new trade deal trump will say guess what we don't want any tariff charge on american goods going into india so it's one big mess but trump is taking it on. that makes me think of two things one is that you talk about the election coming up in april and may and this sure adds another element of risk for the politician

scrambling scrambling to quickly comply their rivals may be rushing to play catch up before a long flipkartfor example which was acquired by wal-mart last year may have to remove as many as one in four products currently for sale we'll see how just this all works out in the future we'll keep tracking it and the all shares down the year and the cac cac forty index in france actually up or know by the way of the automaker for the week and for the year as is the known down in the yogurt company and the dax is down for the week but also up for the year. the owner of mercedes benz and a few other brands is up for the week and the year as is b.m.w. another german company we all know the footsie in london up and up even with all these concerns we tell you about all the time and down in south america the coal cap is up for the weekend up and get this we've talked about the i believe. so many times and it's always been up up up right well it's actually down for the week but still up as you can see there for the year and the t.s.a. x. in toronto up each week for the year and therefore up for the year

and as mentioned earlier, flipkart is a long-term play.t was a market analyst bloomberg opinions sarah housing -- halzack. donald trump has argued the u.s. companies need to take the lead in building the next five g network. but what does that really entail? and bloomberg technology is live streaming on twitter, be sure to check us out and follow our breaking global news network. this is bloomberg. ♪ i'm a veteran and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome. the u.s. represents really transformative technology from an economic perspective is well. 5g chinaven more about is a very different system than the u.s. does in terms of command-and-control. it is trying to get the government out of the way and let our private sector inv

investors will be keen to hear what the management has to say about the strength of the consumer and its flipkartovernment shutdown or the polar vortex had any impact. samira hussain with the details in new york, walmart is one to watch. joining us is chrisjustham, relationship manager at seven investment management. nice to see you. what are you watching? we said earlier, trade talks are resuming, the deadline of march the 1st is looming closer but no real insight about whether a deal will get done yet. not at the moment and we constantly have to go back and we constantly have to go back and forward with regards to what donald trump says, he mentioned the trade talks are productive and we had a positive reaction in the asian session as a result, in the us markets which were closed yesterday for president's day, but really we don't have an indication, looking at the rhetoric trying to find out what is real, what is policy, and donald trump with his brand of diplomatic hooliganism, is incredibly hard to pin the tail on the donkey. from our perspective it is a bit of a wait and see, it would indica

they paid up $16 billion for control of india's amazon flipkart last year.t to see returns on that money. they want some big investment dollars. finally with the bankruptcy of toys "r" us, most expected walmart to benefit during the holiday period. gained a lot of that business hopefully. walmart has performed pretty well so far in 2019. bricks and mortar retail still proving tough. late friday, payless shoes source filing for bankruptcy, sick time they have done this, closing 2,000 plus stores. a lot of names here as you see, jcpenney, gymboree. lauren: not looking so good. susan li, thank you very much. happy president's day, everybody. u.s. markets closed but the news doesn't stop. neither does your portfolio. we're open for business and we are talking with today's closer tim chubb, cio of gerard. he has picks that would make george washington and abraham lincoln proud. what stocks are you liking? good to see you, tim. >> thanks for having me, lauren. talked about facebook earlier in the show. i realize we're having a very frustrating feared poor a lot of

flipkart, that is a long-term play.a: that was the marketer analyst andrew lipsman and bloomberg's sarah halzack. coming up, donald trump argues u.s. companies must take the lead in the wireless networks. but what does that entail? we will hear from fcc commissioner brandon carr. we are live on twitter. follow our global breaking news network at tick-tock on twitter. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. the latest inisn't just a store.ty it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get

back in may 2018 they acquired flipkart for $2 billion that was more to increase e-commerce in india. push for them. this is paying off. investor stock price went down. charles: overpaid or too much money? >> people didn't understand the strategy. yes, $16 billion off bottom-line growth is a lot but look how it is manifesting now. we saw e-commerce sales go up 43%. charles: erin, i think for whether it is fair or not, for walmart, they have always got to cross 40% right now in the e-commerce growth. other brick-and-mortar names can go 20%, 30%, their stocks go up but i think wall street gives walmart a tougher time. how do we use walmart as proxy in your estimation for the u.s. consumer? >> well, i mean there is a couple things here. so walmart is doing omni channel really well. so they are able to not only combine their online but also their brick-and-mortar businesses to create true synergy there. the u.s. consumer responds very well to that, because the u.s. consumer demands personalization. they demand things when they want it, how they want it, where they want it. so because walm

bloomberg intelligence also saying that walmart still does not need to leverage flipkart's capabilitiesbang of the buck. haidi: ramy with a stellar earnings out of walmart.coming up next , the malaysian prime minister talks to bloomberg about the in the get -- investigation and infrastructure deals with china. we get highlights from that interview next. this is bloomberg. ♪ shery: we are counting down to asia's first major markets open this morning. nikkei futures up one third of 1%. we could be headed to a third consecutive session of gains after the governor told government that the boj would consider qualitative easing. this is daybreak asia. i'm shery ahn. haidi: i'm haidi stroud-watts. one week after the trial of the former malaysian prime minister was postponed indefinitely, bloomberg has been told all countries connected to the 1mdb scandal have been cooperating and the investigation is more than just money. wherehink this is a case not only malaysians, but everyone around the globe wants to see a closure. a closure is, of course, not just about bringing back assets and money and

injust saw a real changes india that had an immediate and negative affect on flipkart, amazon, so itee of these homegrown solutions may have an entree event. shery: this company really trying to expand to bats markets, whether it is in south east asia, they are trying to help them supply manage and bordersnd help cross shipping, so very innovative. if you miss any of the charts that we showed you, gtv is your function on the bloomberg. live from toronto and new york, this is bloomberg. ♪ i'm a veteran and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome. the latest inisn't just a store.ty it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store

that it has risen to the level it has the operating margin has been going down but we're looking ex-flipkartr and it was up this year so i think that's, you know, a positive case. long-term they're using their size to increase their dominance and to really go head-to-head against amazon i think that's important and i think it's obviously -- it's working >> so online, michael, they're increasing their size online to the detriment of which players >> well, where they're really doing well is grocery. they've been rolling out more and more online grocery pickup locations. that's to the detriment of the regional and smaller grocers across this country. as they continue, we expect to see a rationalization on that side of the business where they need to do better is on the more traditional e-commerce individual packages, individual homes of areas like apparel and home furnishings that's going to get the gross profit dollars to be better and pair from the operating losses they're achieving from investing so much in that business >> it's a great day to do the percentage gains have you noticed off the