mr ghosn has been held in custody injapan without charge for the last 22 days.oday japanese prosecutors must either charge him or release him. sources close to the tokyo prosecutor's office say they intend to charge mr ghosn and then immediately re—arrest him on fresh allegations. he denies all charges. let's go to rupert wingfield—hayes in tokyo who has been following the story. what is the latest? the latest is we now have a statement from the prosecutors office saying that carlos ghosn has been formally indicted on charges of making miss state m e nts indicted on charges of making miss statements in security reports. this is exactly what we had been expecting but, on the last day that they could hold in— as you say, he has been held 22 days without charge is- has been held 22 days without charge is— today they either had to release him or charge him, and that is exactly what they have done. what we do not know is that what they are going to do now. there have been reports they are preparing to read arrest him immediately on separate allegations. —— arrest him

rishaad: carlos ghosn back to jail. the former nissan chairman will be arrested for breach of trust. we will be live in tokyo. david: japanese stocks sinking deeper into a bear market. we won't ask whether 2019 will bring some cheer and glee for investors. this is bloomberg. ♪ this is bloomberg. ♪ rishaad: goal fitch salters were on a stable outlook. foxconn wasn't, but it is now. all of this with positive ratings action in indonesia, the philippines, in vietnam. david: have a look at that. asia-pacific. we talked about china and pakistan. pakistan. downgraded we had them on a negative outlook due to intensify fiscal and external pressures. through 2018 in the midst of political uncertainty. now they have a new government in place. the authorities hope the worst is behind them. they are in negotiations with the imf on a new program. the timing is still uncertain. some market people think it might happen in march, but still have to agree on a different set of policies. pakistan has been a repeat user of imf three and sou

ghosn? >> that is correct.irectors he concentrated too much power within him as an individual. there were no committees dealing with nominations to the board, compensation, he headed compensation. details were missing from the report area the reason they were missing was because the committees didn't exist. shery: we are hearing from nikkei news nissan could be indicted as a company. with that affect their operations? i don't think so not for a day to day basis. but the longer you have a sense of turmoil in senior management, the ones probably involved in trying to make changes, then you get divergence from the core business, trying to produce great cars people want to buy. haidi: one of the reports that came out recently, delving into why this came to a head was upere could have been a co situation. how much credibility do you put to that, and does that impact your view on whether the leadership is on the right track or same page with nissan? >> whenever you get a situation like this, everybody is looking dagg

jailed auto boss carlos ghosn won't be released on bail — as he faces new financial misconduct allegationshe's vowing to clear his name in court. plus — a christmas shutdown looms for the us government, as president trump refuses to sign a funding bill unless congress pays for his border wall. and on the markets, those fears of a shutdown of the government adding to the gloom on wall street. the tech—heavy nasdaq index heading for its first year of losses since 2011. it‘s down almost 20% from its peak— which would put it in bear market territory. he's been in prison for a month — trading a string of luxury homes and a private jet — for a tokyo jail celljust a few metres square. now car industry boss carlos ghosn faces fresh allegations of ‘aggravated breach of trust‘ — meaning he won't be released on bail as he hoped. in a statement through his lawyer earlier mr ghosn vowed to ‘restore his honour in court‘ and clear his name. he‘s already accused by former employer nissan — where he was chairman — of ‘significant acts of misconduct‘. these include hiding how much money he was being paid —

we start with the former boss of nissan and a titan of the auto industry — carlos ghosn.ison for a month, swapping a string of luxury homes and a private jet, for a tokyo jail celljust a few metres square. now mr ghosn faces fresh allegations of aggravated breach of trust, meaning he won't be released on bail as he hoped. in a statement through his lawyer earlier, mr ghosn vowed to "restore his honour in court" and clear his name. he's already accused by former employer nissan, where he was chairman, of significant acts of misconduct. these include hiding how much money he was being paid, allegedly understating his income by half — some $40 million — since 2010. he has been indicted underjapan‘s financial laws for making false disclosures in annual reports — charges that could mean up to ten years in jail. his deputy and nissan itself have also been indicted. mr ghosn was the driving force behind the global alliance between nissan, renault and mitsubishi. both of japanese firms have now sacked him as chairman, but renault has so far held off, instead appointing a temporar

japanese executives rearrested former chairman carlos ghosn.s been accused of transferring his personal investment losses to the carmaker. joining us is currently moret. good to see you, as always. carlos ghosn isn't getting out of jail today. what does this mean? >> what a day it has been here. we expect him to walk out of the tokyo attention house. -- took it detention house after the decision to not extend his detention. but prosecutors rearrested carlos ghosn on aggravated breach of trust. prosecutors allege he transferred investment losses to nissan back in october of 2018. meanwhile, greg kelly, his lawyer, applied for bail. instead of carlos ghosn walking out of this building today, it turns to greg kelly to walk out of the building. nejra: grooming moret, thank you so much. china demanded the u.s. withdrawal charges alleging china courtney did a decade-long campaign to still and torture -- steal intellectual property from u.s. companies. ben are still with us. ben, of course european equities, carmakers in particular, caught in the frei

this is a surprising turn, to extend carlos ghosn's jail detention.ises questions over the car tighten's future -- titan's future, though it doesn't necessarily mean he gets freed immediately. first about what you are hearing. what is the latest? there be an appeal? will prosecutors try to keep carlos ghosn in jail or will he walk away tomorrow? sophie: what this means is theoretically, if everything goes carlos ghosn's way, he could be out on bail as soon as tomorrow but that depends whether a prosecutors appeal to a higher court and if they do, that would slow the process a bit. the court refused to extend a period of questioning on a second set of allegations he was it on. you have to remember, he has already been indicted on earlier charges. in custody remain until his trial unless he can apply for bail and get it. bail applications in japan are usually not granted, but there are things about this case that are unusual. the next few days should be exciting. has the reaction been like in japan to these latest developments? sophie: it is certainly a

nissan product or's plan to talk about ghosn.ustralia's treasurer is set to deliver the best budget members in a decade, halfing the deficit ahead of the key election-year. let's get you started with a check of the markets to friday's session in the u.s., risk off across the board we have concerns over the outlook for growth weighing on the market. take a look at the dow which sank 500 points while the s&p 500 fell to the lowest level since april. the s&p 500 breached the 2600ological important level. the nasdaq fell for a second session.ve technology stocks lead the declines. keep an eye on the health care sector. rulingget a judge obamacare was unconstitutional. we could see more volatility in the monday session. we are just setting up for what will be the big news this week. the federal reserve deciding on policy expectations that it will raise rates for the fourth time this year. let's see how we are setting up for the market open in asia. wel: we are and -- sophie: are entering a big week not only for the fed but the boe and

carlos ghosn has also been rea rrested carlos ghosn has also been rearrested and is likely to be detainedyear. he has denied all charges. 0ur analyst told us earlier what the cases highlighting. what this whole incident has brought to the fore is really very inadequate corporate governance measures at nissan. and so the first thing for the three independent direct this is to select a new chairman. but after that, the keyissueis a new chairman. but after that, the key issue is going to be to put in place much more robust corporate governance. this case has also put a bit of a spotlight onjapan's justice system, for example in french media there is quite a lot of criticism of how mr ghosn is treated. well, japan'sjustice system is what it is. when you come here to live and work, you are aware of it. it is not the same type of justice system as we experience in western countries. i don't think it would be much more pleasant to be in aus would be much more pleasant to be in a usjail, would be much more pleasant to be in a us jail, perhaps would be much more pleasant to be in a usjail, perhaps

an interesting development but one that will not make things any easier for carlos ghosn.won't. it effectively means he's going to be spending christmas and possibly new year in japanese detention, certainly christmas because his rearrest today, after he was charged, means japanese prosecutors can hold in for another 20 days to continue questioning him on the same but different allegations. this is the weird thing about the day. he has been charged with underreporting his package, if you like, from nissan, from 2011-2015. he has you like, from nissan, from 2011—2015. he has been rearrested today on allegations he did the same thing from 2016—2018. people i have talked to here says that is essentially the same offence he is being accused of twice and one former prosecutor told me if they are going to do it, it shows the case against him is pretty thin and questioned why he was being arrested in the first place. in terms of the company, rupert, tell us where we are at. it has been in turmoil since the story first broke a few weeks ago. that's right, sally, from the first day

mr kelly and carlos ghosn were immediately served with new arrest warrants.ly they have been accused of another crime, another allegation, which is doing exactly the same thing, except this time in 2016, 2017 and 2018, which means they can now be held for another 20 days and the questioning and interrogation can continue until the 30th of december. carlos ghosn is a huge figure in the business world. put this into some sort of perspective for us. what reaction has there been to what is going on? the reaction has been very different here and elsewhere, i think. carlos ghosn was a huge figure and continues to be a huge figure in the car industry. he is still the chief executive officer of renault corporation in france. he was the head of these three motor corporations, renault, nissan and mitsubishi, and he really brought these companies into this alliance, and he really ruled over the alliance for the best part of 20 yea rs. alliance for the best part of 20 years. he took nissan from $40 billion in debt in 1999 through to being a very successful and profitable

ghosn was rearrested this morning.o be the case for some time to come based on what we're hearing today. two, huawei's cfo scheduled to be back in court this morning. meng wanzhou was arrested december 1st in canada at the request of american authorities who kussed her of misleading banks. three, emmanuel macron will address his people today the fourth weekend in a row of protests over economic issues that have morphed into anger with macron's government itself. >>> a few stocks on the move this morning nutrisystem agreeing to be bought by tivity health. going to pay just under $39 a share in cash. and about a fifth of a tivity share for each nutrisystem share. 29% gainer this morning. and gilead sciences naming a roche executive as its new ceo of march 1st that takes effect next year. the drug maker's chief pat tent officer will certain as interim officer until the start gate gilead said in july its current ceo would step down the end of the year >>> conflicting reports about the key of that brexit vote. wilfred frost

ghosn has been indicted for allegedly understating how much he was being paid while chairman of renaultive—year period from 2010 let's go to mariko oi, part of our tea m let's go to mariko oi, part of our team singapore who's been looking into this —— team in singapore. it's fair to say this came as quite a surprise. it's quite unusual a court has rejected prosecutors' request to extend his detention. as you mentioned, carlos ghosn has been held since the 19th of november and injapan you can be held without charge for 23 days and then the prosecution requested the extension of his detention, which was granted, and tomorrow that will expire. a tokyo court has rejected that and that's why some are speculating whether he can be released on bail as early as tomorrow. it's probably too soon to jump to that conclusion just yet because of course he was charged on the 10th of december with financial misconduct or allegedly understating his income by some $41; million between 2010 and 2015, allegations he denies. through his lawyer, we learned what he didn't declare was what's known as deferred

ghosn still behind bars, so what is next?ment yesterday and the latest news according to citing people who have not been named without attribution. nissan shares, the stock could be put on the securities or have been put on, it is considering. they are considering putting nissan securities on the watchlist. unless nissan meets certain criteria and assures the tokyo stock exchange down the line, it could lead to a delisting, or like toshiba a couple of years ago, or in 2017, demoted from the main section of the took a stock exchange. basically, the nikkei reporting that grave misreporting insecurities reports and management issues are among the criteria for the list companies are required to submit, report on internal control, and can be removed from the designation if the tse approves the measures, much like what happened with toshiba. that is the latest on the stock market. we got the formal indictments from tokyo prosecutors, not only against carlos ghosn, but also former representative director and fellow board member greg

on carlos ghosn's defense in japan.report from 2015 to 2018, they said nothing was amiss. after friday when this broke, saturday in asia, renault shares ase, but that is a far cry to how far they have fallen in the past year and recently the past few months. this is the gtv library. this titled trailing behind, the blue is the euro sector. renault is in white and nissan in yellow are trailing the index by a long shot. with renault it is down at a four-year low. with nissan it is a 18 month low. you can see this is taking its toll on stocks. there is going to be some investor hope something will come out when the nissan board meets later this monday. haidi: ramy inocencio with the latest on nissan. let's get you a check of business flash headlines. reports from the u.k. say jaguar land rover will eliminate thousands of jobs with an announcement expected in the new year. they will impose cuts as part of a three-year cost-cutting turnaround land. two months ago they announced plans to lower expenditures by $3 billion in 18

the indictment handed down on monday accuses ghosn by underreporting his income by 5 billion en, which is $44 million. this happened over five years. nissan is calling ghosn of being the mastermind and he used company assets personally and making inappropriate investments. they released this statement about the charges, nissan takes this situation extremely seriously. making false disclosures in annual securities reports greatly harms the integrity of nissan's public disclosures in the securities markets, and the company expresses its deepest regret he became the ceo of nissan and renault in 2005. he stepped down as ceo of nissan in 2017. these new allegations allowed them to suspend his detention. >> see you in a few minutes. >>> up next, a big moment in brexit the battle that just happened. we'll tell you what it was and why it matters the protests in paris grow in numbers and grow in fury thousands arrested and we have the very latest when "worldwide exchange" returns. i'm ken jacobus and i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything

what is happening with carlos ghosn?ing into week three of this saga, he was surprisingly rested in tokyo on november 19. he has been some other detention has been extended. i will get to that in a minute. i want to talk about the meeting between shinzo abe and emmanuel 20 because it is very interesting whether the government's should get involved or not. the french government has a 15% stake in renault. they have a stake in this drama. the japanese government does not , but they want to see representation of nissan better participating in this alliance, which nissan says it is under represented. the drama is escalating to the top levels of government. shinzo abe said he doesn't think this come of the future of the alliance should be decided by government. it should be decided by the companies. but i mentioned emmanuel macron 15%the french government's stake. emmanuel macron was the economy minister who increase to that. with little consultation we are being told with the japanese and with nissan. when they were caught o

ghosn and nissan have previously denied the allegations.echnology conglomerate fixed the price for the offering at 1500, underscoring its confidence in judging demand for the shares. the shares of the new entity softbank corporation will be trading on the tokyo stock exchange on december 19. credit suisse is reported to be planning to announce a share buyback program and increase dividends at investor day this week. according to newspapers, the share buyback would be for just over 3 billion francs with the ceo set to outline plans as his restructuring comes to an end. declined to comment when contacted by bloomberg. reports from germany's they deutsche bank has reported suspicious tax transactions that may have allowed client claim payments on shares they did not own. they say an internal review found more than 5% of the banks pre-released 80 our dealings between 2010 and 2015 were prone to abuse of germany's dividend tax credit. the potentially suspicious moves account for 25 million euros in withheld tax. and that is your bloomberg/. dead

. >> former nissan chairman carlos ghosn has been indicted in tokyo for allegedly under reporting hisome. >> prosecutors say nissan has also been indicted as a corporation along with another former top executive, greg kelly. both were arrested three weeks ago after an internal investigation by nissan revealed acts of misconduct. >>> cnn's will ripley has been following the latest developments, and he joins us now live from hong kong. good to see you, will. so, what more are you learning about this? >> reporter: well, this is certainly bad news on many fronts for carlos ghosn and greg kelly because in japan, if prosecutors feel that they have enough evidence to indict, statistics show in more than 99% of cases, that will lead to a conviction. and, so, a conviction seems almost certain for a man who, up until recently, was considered one of the most charismatic and influential leaders in the auto industry. this is a man whose idea to basically create an auto alliance between then faltering nissan and french car maker renault, pulled nissan back from the brink of bankruptcy and created,

carlos ghosn is innocent until proven guilty so we are watching this one.r: absolutely right about that. liz: thank you so much, jeff flock. china trade olive branch or is it a weapon? the closing bell ringing in 28 minutes. dow turned positive. now we are up 26 points. s&p turned positive. we are up four. nasdaq, still positive, up 53. the guessing game over whether the trade truce the u.s. struck with china will hold is driving markets mad. did we see a glimmer of hope over the weekend that the two biggest economies, could make a deal in the next 90 days? and does that glimmer come from this tweet by a chinese reporter? what's really happening in this picture? we'll have former state department official terry miller, the rorschach test to decipher next. stay tuned. so lionel, what does being able to trade 24/5 mean to you? well, it means i can trade after the market closes. it's true. so all... evening long. ooh, so close. yes, but also all... night through its entirety. come on, all... the time from sunset to sunrise. right. but you can trade... from, fr

there are rumors flying around that nissan is trying to push ghosn out. do we have any evidence to corroborate these assertions? >> the case for those who believe this was some sort of hasdroom coup gotten a lot stronger. that may have some validity. there was the press conference roto sick where he made it clear that he had no interest whatsoever in defending ghosn, whihich is not ththe norl corporatate behavior to throw yr chairman under the bus immediately after an issue. the wall street journal reported that mr. ghosn was on the verge saikawa.g michael bringing us the latest from the japanese capital on that case. a majority of u.n. states adopted a global pact to better handle the migrant crisis. a string of countries have withdrawn their support, including the u.s. agreement does not actually infringe on international laws. we explain what this global compact for migration actually means. ever global first agreement on migration, and even if the document is symbolic, for the united nations, its adoption is historic. >> we are on the eve of a truly r

which leads with, as we've been reporting, the possible release of the former nissan boss, carlos ghosnntion. and onto the straits times here in singapore. they're focusing on the impact of the us rate hike, how it has been affecting asian markets. we saw a sharp fall on wall street as well. and in the new york times, they are covering the ongoing impact of the war in yemen on its citizens's everyday lives, looking particularly at the life of fishermen who have come underfire. now, let's return now to the chaos at london's gatwick airport, where flights are still grounded because of drones flying over the airport. there's been a sharp increase in the number of incidents the involving drones and aircraft in the past few years. there were none in 2013. so far this year, 120 have been officially reported. and there are calls to strengthen legislation which governs where drones can be flown, as our technology correspondent rory cellan—jones explains. here's why there's so much concern about what might happen if a drone hit a jet aircraft. this experiment at the university of dayton shows an

ghosn has been indicted for alleged financial misconduct.much he was being paid while chairman of renault‘s partner nissan over a five—year period from 2010. 0ur asia business correspondent, karishma vaswani joins us. a bit ofa a bit of a setback forjapanese prosecutors. indeed. very big surprise it would be fair to say. this typically doesn't happen in japan. when japanese this typically doesn't happen in japan. whenjapanese prosecutors in the legal system built up a case there, and when they request for the extension of a detention, pretty much every single time, they are granted that extension. the fact that a tokyo court has made this decision is quite surprising, to say the least. it will also give us the very first time, hopefully, that we hear from the man very first time, hopefully, that we hearfrom the man himself. of course, up hearfrom the man himself. of course, up until now, he has consistently denied these allegations but only through his legal team. they have talked about the fact that the underreporting of income, under the j

ghosn was in compliance with french law. of course, the japanese are saying you know what, he actually understated his income so that he didn't have to pay as many taxes. at the moment, we are looking at to disparate opinions on ghosn. renault stock up 1.5% right now and it is on the move. >>> the biggest ge bear is finally turning -- well, let's not call it a bull. we can call it a cow or heifer. i don't know. something less dramatic than a bull. jpmorgan's steve tussa who had a sell rating on the conglomerate for two years, has finally seen the bottom, he says, to the stock's long decline. he upgraded the stock to neutral. let's be clear, though. he is still keeping a $6 price target. he's upgrading it, saying ge could actually pull off a recovery without another major stumble. right now, the stock is having, well, for ge, a great move, up 7.5%. it is now 21 cents above the $7 level, the biggest mover in the s&p. ge of course has this announcement they were going to go heavy into software for the internet of things, so sud

ghosn has been accused of transferring his personal losses to the carmaker.o be a shift in momentum for carlos. it seemed better for him 24 hours ago, now less so. beenter: what a day it has . we arrived this morning expecting carlos ghosn to leave the detention house and walk on bail, but instead he was rearrested by prosecutors who say he inflicted financial a more to nissan, serious crime than underreporting his income. there is now no way he will be leaving the detention house today. meanwhile, the representative director of nissan, his lawyer has applied for bail. brett kelly is the one that gets to leave on the 33rd day of the arrest, being held here in a detention house. it is still unclear if it will be tonight were in the next several days that will be released. kurumi, thanks for holding vigil outside the prison. let's check in quickly on the markets as we come to the end of the first hour of trading. we see continental and the axis -- continental indexes down, and you see the u.k. down as well. after the dow fell yesterday, japan lost 2% of the clo

'sosecutors now think ghosn pay was underreported by $70 million.ists and analysts in 120 countries, i am paul allen. this is bloomberg. yvonne: plenty more with pedro martins coming up, jpmorgan chief strategist. we will talk about the fed, his outlook for 2019. rishaad: plus, china said to be considering lowering tariffs on u.s. auto imports. the potential impact on the industry later. this is bloomberg. ♪ is bloomberg. ♪ david: welcome back. you are watching "bloomberg markets. as we move into 2019, the debate, where does the dollar go? one school of thought, you look at the divergence in global pmi, tells you the dollar might likely be bid into the first half of next year. this takes you to the dovish fed. are they looking at growth or inflation? it gives you a strong case there is no other game in town besides the u.s. dollar. the other thing we want to point had.of course we have dollar strength undervalued em currencies as of the start of this year . every single one has been undervalued. fast-forward 12 months, we flip this to the day-to-day

and china >>> former nissan chairman carlos ghosn today's move comes amid new allegations ghosn shifted losses to nissan >>> new lipper data showed that it was pulled from stocks in the last week. they're on pace for their worst month of withdrawals on record >>> let's get a check on the other headlines. francis rivera live in the newsroom with the latest >> frank, francis, easy to get mixed up >>> flights in and out of gatwick airport are back after drones sparked concerns of collision. the airport is warning travelers to check their flight status before leaving for the airport. >>> much of the east coast is facing heavy rain and bumper to bumper traffic as holiday travel shifts into high gear. in florida damaged 70 homes and injured one person. the weather delays should be out of the way by tomorrow morning. >>> praising a walmart cashier in new jersey after he took care of a grocery woman in need the woman was in distress about the trouble she had paying for her items. that's when the clerk stepped in and asked her to wait 15 minutes so he could help out the woman who made the now vi

they say ghosn violated the laws by under reporting the mp sation. the indictment comes three weeks after authorities arrested him. ghosn is one of the world's most respective automotive executives. >>> the latest market volatility is causing retail investors to grow more cautious as pull theit money of mutual funds. according to some estimates last week, t 24th consecutive week of fund outflows. that could hav implications for the broader market. leslie picker joins us from new york. how much money are weab talking t when you talk about the mutual outflows in recent weeks and mont? >> reporter: mutual outflows in billion is over $12 last week over the course of 24 months. we're lookingt ove $100 billion, bill. so this is pretty signific24t. weeks for those who don't want to do the math, that's about six months worth of ioutflows, which pretty significant when you think about what that means for the mutual fund industry as well as what it means for the equity market. >> so-cled passi investing, index funds, exchange traded fund they become very popul

ghosn was arrested last month in tokyo.been removed as chairman of nissan and mitsubishi motors. he has been replaced as head of renault. these allegations against ghosn are piling up. >>> "early start" continues right now. >>> he may be the first president in quite some time to face the prospect of jail time. >> president trump dipping into the playbook of distraction and denial as the mueller investigation ramps up. >>> president trump looking for a new chief of staff to replace john kelly. why his top pick passed on the job. >>> i can't breathe. the final words of jamal khashoggi. what else transcripts reveal of his murder. >>> a miracle. >> an incredible play by the miami dolphins.

ghosn has not commented publicly.>>> ahead, they are calling it the miami miracle, but not in new england. >> touchdown. kenyan drake! a miracle. >> that was the ending. you won't believe the middle. that's coming up on "early start." smoking with c. smoking. it dictates your day. i didn't like something having control over me. i wanted to stop. the thing is i didn't know how. chantix, along with support, helps you quit smoking. chantix reduced my urge to smoke to the point that i could quit. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. some people had changes in behavior or thinking, aggression, hostility, agitation, depressed mood, or suicidal thoughts or actions with chantix. serious side effects may include seizures, new or worse heart or blood vessel problems, sleepwalking, or allergic and skin reactions which can be life-threatening. stop chantix and get help right away if you have any of these. tell your healthcare provider if you've had depression or other m

reports from tokyo say nissan has begun sharing its obligations against carlos ghosn with renault in order to ease the climate of suspicion since his arrest. they told the french corner counterparts like he was charged. they said that was kept in the dark since his arrest. the google boss has rejected claims of bias, while stressing the company's american roots. lawmakers asked about data collection and how much information google absorbs routinely. he sidestepped the question about whether users fully understand the terms. he said google has no intention to launch a search engine designed for china. >> one of the things which

japanese prosecutors may charge the former nissan chairman carlos ghosn as soon as monday.o be indicted for breaching japan's financial instruments and exchange act. yvonne: let's head to tokyo now. lay out for us what options are there for prosecutors on monday? deadline, atthe which point prosecutors have to either indict carlos ghosn or release him. they also have the option of re-arresting him on separate charges, at which point that 22-day detention clock would start again. our sources say prosecutors are preparing to indict him and also former representative director greg kelly who has been arrested on suspicion of similar charges. if he is indicted on monday, it is unlikely he will be bailed. bail is quite rarely granted to foreign nationals in japan, especially if you are thought of as a flight risk, and if you are protesting your innocence. , he ising we know selling prosecutors he is innocent of the charges. >> what kind of criticism has japan been getting about the treatment meted out to carlos ghosn? >> well, as i just mentioned, it is hard for people to get bai

nissan from tokyo say has begun sharing its allegations against carlos ghosn with partner renault in hopes that this wacko limit suspicion. renault say they have been kept in the dark since the arrest. google boss has rejected claims of bias while stressing the company's american roots. lawmakers asked about data collection and how much information google absorbed routinely. the ceo says google has no current intention of launching a search engine designed for china. the indian prime minister has endured a dramatic 24 hours. seeing his opponent sees on political momentum.

ghosn in france. hiscostco earnings afternoon are have youed by some as early glimpse in the holiday shopping season. as electrically pick ert tells us the quarter was disappointing. >> costco glipgar in aftert trading after missing wall street estimates on both the tod ottom line. earnings came in about 1 cent below analystxpectations and revenue missed by a half billion dollars. the miss in subsequent stock price declins revertrength in kostka of shares, up about 20% over the last year. costco had been beating expectations onomparable sales reporting, nearly 9% in november, far better thanre st. but the company has been struggling with international pansion and lower margins on gasoline. for "nightlbusiness report," leslie picker. >> delta revenue may lose altitude. that's where we begin the market focus. investors are growing concern the slowing global economies will limit the airline but the ceo says he expects the current strong demand to continue into 2019. >> this will be the fourth year in a r

come home from afghanistan, that plan facing backlash after the syria announcement this week, carlos ghosn rearrested details on charges from japanese authority to keep the former nissan chairman behind bars over christmas, all that coming up, then there is this nike just doing it beating earningss expectations expansion into men's yoga ware business when you can spep to see nike self living a shoes on shelves. >> facebook reportedly developing its cryptocurrency, how that will work, and getting into christmas spirit one north dakota farmer, garth his in the shape of a cross, joining me to break it down fox business networks dagen mcdowell, rosecliff ceo mike murphy cfra investment strategist lindsey bell. >> great to see you. >> great to be here so much to digest, mattis resigning list goes on. cheryl: what a day a week actually. >> i don't know if we can squeeze into three hours a lot going on. >> for sure all connected because you can't separate ways going on in stock market, from concerns about the statement of the white house people who saw jim mattis as a force of strength now he is

ghosn has been held at a japanese detention center since november. accused of having under declared his income by some e $4 million. his arrest has raised d conceres ababout a relationship between nissan and renault. nissan has fired ghosn. renault has retained him as chief executive officer. the city of mysuru in india has a city of just 100,000 people, but it has the distinction of being one of the cleanest cities in the country, which is no small feat in india, struggling with 200 million tons of waste every year. volunteers and city employees pull together to keep sewers and trash properly managed. aditi: the city produces about 400 totons of waste every day. an army going out to reclaim their statusus as the cleanest n the city. >> m muru was g given the cleant city award by the g government o years in a row, and then we came in third in 2017, and this year we are eighth. the whole administration, all of these workers, w we are trying very hard to go back to number one. aditi: mysuru produces about 400 tons of wawaste every day.y. 50% of this is

sophie: they plan to indict carlos ghosn on monday. option of not indicting him, and re-arresting him on a different charge. monday is the deadline. if they rearrest him, the clock starts again and that is another 22 days. they apparently have enough evidence and they think it is safe to indict him. the nikkei reports they will also indict greg kelly, as well. shery: what has been the reaction so far about japan's treatment of carlos ghosn? intention -- detention can go on indefinitely if they add more charges. he has not been indicted yet and is being questioned everyday. the system in japan has been criticized by particularly french media at around the world in light of this very high-profile arrest. historically, it has been condemned by amnesty international. they say a could -- they say torture could cause false confessions. as far as we know, he has not convinced anything and it looks like he will fight it. so he is very likely to be granted bail. paul: there is also the nissan beingf indicted as a company. what are the chances o

surveillance commission has asked prosecutors to indict the former titan in the global car industry, carlos ghosnssan for suspected financial rules violation. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. and you can be part of the conversation. tell us what you think about the stories we are covering. just use the hashtag bbcthebriefing. the british prime minister is embarking on a final push to win over wavering mps within her tory party, in an effort to avoid defeat in a crucial vote on her brexit deal. theresa may had been under pressure to delay the vote, in order to garner more support. but her brexit secretary, stephen barclay, has said it will go ahead on tuesday. caroline rigby has the latest. things are looking festive in downing street tuesday's brexit showdown could determine whether theresa may has a merry christmas and even a happier new year. any predict hard days ahead for the prime minister with the proposal widely expected to suffer defeat in the commons. some want the boat to be postponed. the final decision may not be

. >> the pay scandal, a formal indictment of not just ghosn, but family members are being barred fromurchased homes around the globe. what happens from here? >> the indictment allows prosecutors to formally lay charges against carlos ghosn as well as greg kelly and nissan. you open up the books and you are going to find some things. they apparently have been. now that the formal indictments have come through, he is eligible for bail. that is unlikely to happen. what happened yesterday is prosecutors re-arrested carlos ghosn about allegedly misrepresenting his pay over a different time period. that would prevent any bail from being issued or granted to carlos ghosn. >> activist investor elliott advisors has taken a stake. the company is seeking better governance as the company has lost market share and underperformed its peers. talk us through what we might see from here in terms of elliott? >> the activist campaign has been announced. it has been the flavor of the month, the flavor of the year. a 12 to 18 month time. we have got a company that has been pretty dormant the last few year

the french government is seeking candidates to replace renault boss carlos ghosn, according to a reportenault directors were briefed on an investigation by their alliance partner nissan, that led to ghosn's arrest and dismissal as chairman for alleged financial conduct last month. he is accused of failing to declare some $113 million in earnings, which he denies. apple has announced a $1 billion plan to build a new campus in austin, texas. it says the 133—acre site will employ 5,000 new workers but will have the capacity to accommodate 15,000 and it expects to become the city's biggest private employer. apple has committed to create 20,000 newjobs in the us by 2023. and now — what's trending in the business news this morning. on business insider: trump is failing to achieve one of the biggest goals of his trade war, and he only has himself to blame. according to economists from goldman sachs, trump's tariffs on chinese goods are actually making the trade deficit worse. from wired, dr elon and mr musk. inside tesla's production hell. it promises the inside story on what it's like to work

that would prevent any bail from being issued or granted to carlos ghosn. >> activist investor elliotttaken a stake. the company is seeking better governance as the company has lost market share and underperformed its peers. talk us through what we might see from here in terms of elliott? >> the activist campaign has been announced. it has been the flavor of the month, the flavor of the year. a 12 to 18 month time. we have got a company that has been pretty dormant the last few years. they have done a number of smaller deals, but nothing significant and outstanding. he is coming in and trying to shake up the tree and trying to boost value, for sure. >> germany is said to be intensifying efforts to try to fix deutsche bank. that may include a merger with commerzbank. is this an indication that berlin is beginning to worry about what is happening in frankfurt? >> they have at least been watching carefully what is going on in frankfurt for a while. at least, that is the belief that i have. they are concerned about the situation at deutsche bank. in the past, they have had a very hands-off

carlos ghosn affair taking on a new twist.e allegedly tried to conceal the scale of his compensation in an email seen by bloomberg that renault and nissan executives discussed the plan in 2010 to channel some of his pay to a dutch holding company that oversees the alliance. without disclosing that, the email admits the plan carrying "legal risk." lawyers are seeking his release from jail as early as friday. london's airport remains closed as the army hans for drones flying over the area. suspended, have been disrupting the busy holiday season, creating headaches for thousands of passengers. incoming planes are being diverted to other airports and neighboring countries. gatwick is saying it's too early to know when operations were turned back to normal. -- a return back to normal. global news, 24 hours a day on air and at tictoc on twitter, powered by more than 2,700 journalists and analysts in more than 120 countries. pemmaraju. this is bloomberg. >> still ahead, the former new york fed president says market volatility was pro

nissan's board meets to try and choose a successor to chairman carlos ghosn — as tensions growth withnch partner — renault. the markets in europe have opened and they are in negative territory. and cutting your power and gas bills — we'll be hearing from a firm which promises to switch suppliers for you — so you get a better deal — but is it worth the price? here in the uk, directors of firms which cold—call customers could be fined more than $600—thousand. today we want to know is this the right course of action? are you harassed by nuisance calls? what else can be done? let us know — just use the hashtag bbcbizlive hello and welcome to business live. france's president macron remains under pressure, after a fifth weekend of anti—government protests across the country over the weekend. the numbers were down on the previous weekend after a series of costly concessions by mr macron. but some 66,000 "yellow vest" demonstrators still turned out. the protests originally sprung up overfuel tax hikes, before snowballing into broader opposition to president macron, his pro—business agenda an

to oust carlos ghosn as its chairman.rs was bailed out by nissan and carlos ghosn in 2016 after some scandals and profitability issues. so they are tied to nissan and they did follow the steps, and this really does set the stage for a possible power struggle going forward. >> struggling commodity trader noble group has extended the deadline for its restructuring until december 11. that as it tries to address regulator concerns over a multiagency investigation into its accounting practices. where does this leave the restructuring now? >> i don't think this waiver will be long enough to be long enough to allow noble to satisfy all the questions that have come from the regulators. they are quite extensive. noble has had to hire technical experts to pursue some of them. so it is hard to see that this will be resolved in two weeks. i think there might be a backstop, they could go to the end of december, but it is still touch and go. we don't really know will happen to this restructuring. >> a three-way split at united technolo

paul: carlos ghosn of course now deeply enmeshed in the japanese legal process.m? detention hass been extended. december 20 now is the date. government,een, the prosecutors do have ways they can extend that detention. him, or re-arrest simply give a 10 day extension. it looks like it could be 2019 before he gets out or before there is even a bail hearing. typically within 40 to 50 days of an indictment you would see a trial. so, the indictment was a couple days ago. it could be february before he sees a trial, as late as february. paul: all right. dave mccombs in tokyo, thank you for updating us. coming up next, india not wasting any time when it came to replacing the central bank governor. we're going to tell you all about the new boss. this is bloomberg. ♪ s. this is bloomberg. ♪ paul: this is daybreak asia. pointed a new head of the reserve bank less than 24 hours after his predecessor abruptly stepped down. he quit after a long battle with the government over policy, particularly steps the prime minister wanted to force -- to support ailing banks. kathleen ha

. >> carlos ghosn was rearrested on friday.nvestigators accused him of passing personal losses on to the japanese automaker do you vote here yet >> you have to be a citizen. that's a long way off. you have to be here -- a green card is five years citizenship is about -- i don't know ten years or something, isn't it not sure >> we're watching closely. >> as soon as you become citizen, you are taxed for life on the u.s. side >> a lot of people love taxes. >> globally. >> the price you pay to be american >> a small price >> any way -- any way -- >> the retail sector is on pace for its best holiday season in six years. will the moment tum continuedumo 2019 jason joins us now the contactless payment is still very low in the u.s. versus europe >> versus the uk where its popular. it's a single digit percentage of transactions here in the u.s. we're familiar with contactless, using our phones to pay. you can do that at more than 70% of retail locations today. but u.s. consumers are not acust temperatu used to using the cards to tap to

they say that ghosn unloaded his personal debt on based on accounts -- nissan.t he personally enriched himself using nissan company capital. social startups are on the rise. the market for care services is huge. in germany, about 2.5 million people are in need of care. and that number could rise. most will want to live at home as long as possible. and that is where the mobile care startup via comes in. reporter: antonia albert knows what she wants. she founded her own company called careship in berlin. it places caregivers and homes of elderly or sick people who need support. her idea was born of necessity. >> i founded carareship together with my brother after a personal expense and our own family, when out of the blue are grandmother suddenly needed care and we could not find a suiuitable helper. >> a helper like this. he is one of about 800 freelancers who now work for careship. a stroke left this woman paralyzed on one side. she can no longer do many things yourself. so she went looking for help. >> it is clearly a queststn of helping peoplele to help ththem

carlos ghosn was rearrested on friday morning over breach of trust allegations.fted 1$16.6 million of losses as the global financial crisis erupted in 2008. since the arrest in tokyo last month, ghosn has been fired as chairman by nissan and mitsubis mitsubishi. renault is keepi himmining him payroll. >>> could budweiser drinkers switch beer for pot? pot-infused drinks. budweiser will combine $100 million into researching non alcoholic drinks with cannabis. budweiser is the latest to follow the pot market following the legalization of pot in canada and a number of states if the u.s. another group received a multimillion dollar investment in august. one top brand resisting the pot rush for now? coca-cola. it doesn't have plans at this stage to enter the cannabis market. the reality is a lot of brands are trying to capitalize. >>> "early start" continues right now. green rush, i suppose. >>> the president has taken a wrecking ball to every pillar of stability and security we've erected over the past 60 or 70 years. >> you can hear the frustration boiling over at af

ghosn about allegedly misrepresenting his pay over different time periods. prevent any bail from being issued or granted to carlos ghosn. >> activist investor elliott advisors have taken a stake [indiscernible] the company has lost market share and underperformed its peers. what have we seen and heard in terms of elliott? >> the activist campaign has been announced, and between the flavor of the month and flavor of the year, something after something with elliott, right? he has been so activist. a company that has been pretty dormant the last few years. a number of smaller deals, but nothing significant. i think he is trying to shake up the tree and boost value, for sure. >> germany is said to be intensifying efforts to try to fix deutsche bank. it may include a merger with --do we know what is happening in frankfurt? watching what is going on in frankfurt. they are concerned about the situation at deutsche bank. in the past, they have had a very hands-off relationship with the bank and unhappy during helping it. -- and are now considering helping it. for ex