you have an executive at foxconn overseeing the ev initiatives.r nissan executive adding to the intrigue. you also have a case of just a very complex deal. it's very unclear at this juncture what exactly is going to happen between honda and nissan, if anything. you have a case of nissan really needing some help and effectively meeting a rescue by all accounts. likely some role that the japanese government is playing and trying to nudge these companies together. there are real questions about how this is exactly going to work out. also, another company in france who is also going to come into play. watch this space in 2025. caroline: no rest for you when it comes to deal coverage. frankly, china is the weak spot for both? >> absolutely. both of these companies have been shrinking in that market. there are questions about their long-term future there, along with a lot of western companies. what exactly is there going to be in terms of room for international companies, given the, the, the desire from china to really dominate this industry and also do

why tech giant foxconn catalyze the auto deal discussions. plus data bricks valuation rises to $62 billion. and all eyes on micron earnings after the closing bell. nai demanded deliver -- can ai demand deliver? we are flat on the day when it comes to the nasdaq 100. let's look at key additions. from a points perspective it is all about nvidia. that adds whopping amounts in terms of market capitalization. it is not enough to offset some of the drags. qualcomm sold off for the second straight day. profit-taking is still want to watch when we're looking up broadcom. chipmakers stepping on micron. can we see high-bandwidth memory deliver? can we cai demand deliver from micron? let's get to this key story of the day, the merger discussions. nissan in talks with honda and it would be a deal that could create the world's third-largest automaker with a better chance to compete with toyota and tesla in the eb space. -- in the ev space. the discussion between the two may have accelerated after foxconn actually approached nissan about taking a stake. ja

for the time being, while the merger talks are ongoing, foxconn is out of the picture. there is also the mitsubishi question. will mitsubishi motors join the merged entity? the decision is coming by the end of january. the negotiation goes through june to get a final decision made. the holding company to be listed at the middle of next year. tom: breaking news editor gareth allen looking at mitsubishi and renault and how they respond to this planned merger between honda and nissan, with the timeframe of june of next year in terms of building the framework. thank you for the latest. you can see both stocks moving higher in the session as investors parts the details -- parse the details. to get your day going in today's edition of daybreak, terminal subscribers can go to dayb on the terminal. european natural gas prices rise as the clock ticks down to the expiry of a key pipeline transit deal between russia and ukraine. we will have the details next. this is bloomberg. ♪ tom: welcome back. european natural gas prices climbing for a third day with just a week until th

they've got dry powder but max, it does remind me of foxconn.aid they were going to invest $10 billion and build this massive factory in wisconsin, create 13,000 jobs. it never, ever ever happened, not like they started it and couldn't finish. didn't happen. >> i think they got a few jobs but definitely well short of that goal by a factor of 10. >> there was no plant built. >> they built a handful of buildings but yeah, it's way short. i would say compared to that, this feels less concrete. that you actually had a site. you had funding from the state of wisconsin. you actually had quite a lot of momentum. here it really felt like jeff is saying, as this is just sort of concepts of a plan, we are just sort of coming up with some ideas that might useful to attract some investors and could maybe lead to something down the road. the other thing i'll say is these jobs that mosso son is talking about are not big creating jobs. these are tech companies. they employ a few engineers. these are not big manufacturing operations. that's kind of the whole th

foxconn wants to move up the value chain. ai servers is one area where it's making progress.as risen. semiconductors is another field where the focus now is mostly on older less sophisticated chips. at present these mostly go to in-house needs including electric vehicles. this is additional space for the taiwanese company wants to compete with a value proposition similar to want it once called apple. >> goldman sachs says outsourcing could be worth more than $140 million by the end of the decade but its grandest auto ambitions are yet to be realized. >> that was annabelle droulers behind the wheel on the ambitions for the company best known for assembling apple. let's look back at the year that was for 2024 when it comes to the dollar. it's been a stellar one for the greenback, it's best to nearly a decade. the spot index up 7.4% so far year to date winning against all the g10 currencies but this kind of strength pretty normal for this period between a u.s. election and the inauguration so the question is whether that will last. of course also feeding into that is the questio

max, it reminds me of foxconn.hey said they were going to invest $10 billion and built this massive factory in wisconsin, create 13,000 jobs. it never ever ever happened. not like they started it, it never happened. >> i think it got a few jobs but will short of that goal. >> there was no plan to build. >> there were a handful of buildings built. compared to that, this feels less concrete. that you had a site in funding from the state of wisconsin. you had quite a lot of momentum but here it felt like jeff is saying, as this is concepts of a pl attract investors and maybe lead to something down the road. these jobs that he is talking about are not big job creating jobs. they are tech companies and apply a few engineers but not big manufacturing operations. that's the whole thing with a.i. it's not a job creating technology but it's hard to understand what he is talking about. >> let's think about attracting investment dollars. last week, donald trump promised fully expedited approvals and permits for any company lo

foxconn etc., my concern is the maltreatment. he is an old man elderly. he is a senior citizen.our own wall street journal said he cannot seem to function quite yet you people come and c-span is supposed to be in top of these things come it seems to me you are covering this up here and trump will do fine. my concern is national security. biden cannot even sign a bill. who is going to sign it? who is running our country now? one caller said he was appalled that unelected officials are running it. we have unelected officials right now running our country. it is not biden. c-span, you deny these facts. anyway, everybody have a merry christmas. things will be fine with trump, certainly a lot better. host: charlie is in new york and is pessimistic about the incoming trump administration. why is that? caller: i feel he knows the game better now than he did when he was first elected and i think the gop is more willing to roll over and do his will than before. i do not see any republican with a backbone that can stand up to him and his agenda is taking us back to a place where we should

the foxconn people. it is fair.hey would have to choose because there are so many weaklings today in the car industry, particularly the people not specialized into one sector, they'll have to choose to go for somebody else. >> what is the future of japan's auto industry in light of what we have seen from the chinese ev makers and their advanced technology, their lower prices and what we are seeing from tesla here in the u.s.? >> for the last ten years, the big winners are obviously when you look again at the data, tesla from one side and from the other side, the chinese auto maker. not all of them but the top chinese auto maker. they have been keeping on the offensive, people who are gaining market share, gaining technology, moving up into the level of cars that they have. most of the very established group have been on the defensive. some of them successfully. mercedes is still doing well. others are struggling because there will be no place for weak or common in the smart market. you will have specialists, ev make

plus, apple's main your manufacturing partner, foxconn, ported a second month of sales growth.le has historically accounted for about 50% of the overall sales. the e.u.'s new competition chief says a potential split of google businesses is still under consideration. teresa rivera, who started her five-year term next week, says she aims to build on the legacy of her predecessor. making microstrategy into hollywood's hottest trade right now. this is bloomberg technology. ♪ elphaba: the wonderful wizard of oz summons you to the emerald city. elphaba: come with me. glinda: what? elphaba: to meet the wizard. glinda: i couldn't possibly, this is your moment. i'm coming. cynthia: true sisterhood knows no bounds. ariana: despite the differences our characters share, they support, uplift and empower one another. glinda: you can do this. you can do anything. cynthia: doing so in real life is just as important. take a few minutes to check in with the women in your life today. ariana: because together we're stronger. elphaba: i am. caroline: welcome back to bloomberg technology. we are tee

foxconn is operating in china.o think xi jinping is going to roll over and say okay, i don't think it's going to be that simple. this is going to be tough. it's going to be a fight. maria: we are just getting started this hour. futures are searching for direction. investors keeping an eye on the upcoming jobs data this week. where do they anticipate growth in the new year. we'll look at that. the word on wall street panel is here to weigh in on it. we are coming up to the word on wall street segment next. you're watching "mornings with maria" live on fox business. stay with us. ♪ blank ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance... ♪ ♪ ...at each day's start. ♪ ♪ as time went on, it was easy to see. ♪ ♪ i'm lowering my a1c! ♪ and for adults with type 2 diabetes... ...and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects include increased ketones in blood or urine, which can be fata

not necessarily on their payroll, foxconn, those companies. in any event they generate -- are we going to have steve on later? >> who? >> steve kovach. >> yes. >> we'll talk to him about this. we keep focusing on these manufacturing jobs. all of the money, market cap, capital is going into these companies with very few employees. it strikes me that it points to -- >> want to know why? >> why? >> the dollar is too strong because china and other countries make their currencies weak. they have the tech giants doing what they're doing. >> you think it's the currency? >> i do. >> what has happened relative to when these tariffs have been threatened? >> you mean the fact that we're at 108 on the dollar now? >> right. that's not good. >> so much is post-tariff. >> totally. >> that is foreign currencies adjusting for the potential for tariffs and what's happening -- >> it's bad for us. our dollar is way, way too strong. >> some of it is set and some of it is the market telling you what it is. >> which is fine -- >> the europeans are not setting their

scarlett: we heard that foxconn was interested in investing or maybe buying nissan.his eventual merger? craig: it really looks like this will be sidelined at this point. there was real concern it seems in japan about the prospects for that sort of a deal. it may be led to an acceleration of honda and nissan's conversations going back months. there are perfectly legitimate reasons to be concerned in the sense that foxconn has been trying for years to build up a presence in the auto industry. it hasn't gained a lot of traction. it is an untested player in this market. there is a bias within japan of we want to protect japanese interests and if they swooped in not only do they lack experience but they were -- are a taiwanese company with a significant presence in china. do we want to see a national company as big as nissan and up outside of japanese hands? the answer will be a resounding no to that. scarlett: appreciate you joining us. we want to shift gears now to oil. it is steadying after a weekly drop. traders are weighing donald trump's threat to reimpose u.s. cont

discussions have accelerated after foxconn approached nissan about taking a stake.alk to us about why this is happening right now? >> it is a matter of sort of disaster and trying to a verdict in the case of nissan. honda has been reluctant to do something like this. there have been talks for months about these companies potentially working together, but on a smaller scale, as there may be some cross shareholding, but not an out and out merger. years ago when carlos ghosn was unceremoniously pushed out at nissan, japan's government was concerned about the long-term future of the company. and those concerns have only been sort of realized. and they saw in honda a potential savior in terms of a fellow japanese partner who could help them, and what we've seen since then is a company that has gone from crisis to crisis that really hasn't been able to get out of its own way. jonathan: it is looking more and more as a distressed asset. we will spend more time with you to talk about this. elsewhere, the biden administration is offering pgn the a loan of up to $50 million f

know the old story about foxconn, you know, mentoring dwight eisenhower and george c marshall doing it. he did staff work for douglas macarthur is a miserable human being to work for, apparently. but eisenhower power by the time he was a lieutenant colonel trying to get a battalion command in patent six patents first armored division. you know he knew staff work he understood how to do it. i think he also had great skill at understanding time distance maybe partly because he was part of a convoy that went across the united states in the twenties and he and that inspired him to think about time distance. and he also was a trainer of tank crews camp colt in world war one for all of those. and if you want to get a good insight that i still think one of the best books about eisenhower is the supreme commander is stephen ambrose. his book, which he published in 1970 or so. and i'm pleased to report i have an autographed copy of it because. he was one of my professors, but one of the things that that i that ambrose talks is eisenhower's growth and eisenhower grew concerned early. he in north

there are questions, because a lot of people look at foxconn, promises that were announced in a publicn funds $50 billion over the last trump administration for why there's reason for optimism. >> sarah it's not clear -- where else are you going to invest? this is the old first vision fund, where are you going to put it? nowhere else to go. >> they have investments in china and others as well. >> yes. greatest investment he ever made was a chinese company, alibaba. >> given the trajectory of a.i. he thinks he was going to be at versus the one he is. he's all about a.i. now. so clearly, look, politically this is a win. trump's not even the president right now, he's made mar-a-lago the center of the universe announcing investments $100 dl billion. >> it's kind of an investment, announcement but it's encapsulating that would have occurred regardless. >> smart politics. >> yes, smart politics. >> optics. >> yes. >>> after the break, one of the biggest names in real estate in new york, bill rudin. the outlook for commercial real estate. new york city. the proliferation of scaffolding everyw

foxconn etc., my concern is the maltreatment. he is an old man elderly. he is a senior citizen.our own wall street journal said he cannot seem to function quite yet you people come and c-span is supposed to be in top of these things come it seems to me you are covering this up here and trump will do fine. my concern is national security. biden cannot even sign a bill. who is going to sign it? who is running our country now? one caller said he was appalled that unelected officials are running it. we have unelected officials right now running our country. it is not biden. c-span, you deny these facts. anyway, everybody have a merry christmas. things will be fine with trump, certainly a lot better. host: charlie is in new york and is pessimistic about the incoming trump administration. why is that? caller: i feel he knows the game better now than he did when he was first elected and i think the gop is more willing to roll over and do his will than before. i do not see any republican with a backbone that can stand up to him and his agenda is taking us back to a place where we should

iphone maker foxconn is putting it interest in nissan on hold while the japanese automaker continues. the former nissan chairman carlos ghosn tells bloomberg what he thinks the potential merger with honda means for the struggling automaker. >> they have a cash problem, they have investment problems, they are being really hammered in the united states. they are being challenged in china. there is no plan in front of it. yahaira: that is your bloomberg brief. jonathan: more from yahaira jacquez in 30 minutes. next, wayne policy uncertainty. -- wayne policy uncertainty. >> some people to take a preliminary step and start to incorporate highly conditional estimates of economic effects of policies into their forecast at this meeting. jonathan: we will dig into that, next. live from new york city, this is bloomberg. ♪ i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it d