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rk city...there's a new billionaire beijing,hina has overtaken the biapple as me tthe biionaes. cording a studfrom a shangafirm. research shows china's elite continue to despite a unpredictable stock market. beijing took the title om new york after miniting 32 new protrs in san francisc are standing bend apple's decision to not allow thb-i to hack a terrorist's phone. suorters ered outside an apple store yesterday. they held signs and taped stickers on phones about disagreeing with the investigation. the f-b-i nts apple to write code allowing them to access data in the secured phon of thebernardino gunman :31 his ut the .. inteiona l progression the f-b-i sa this is a maer of national security. have you thought about buying one of everythi fm amon? weave yo an.ill cost you 12- poin86 billion dollars! a computer scientissays there were nearly00 million different items available on amazon's websitin015. there's been no public response fro amazon so faon whher he's o the money or not. faceok's 's getti some company. e soci media giissting alternes to "like. it's aed "ha," "ary and

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hinas family knows they're looking for him. that a's why patterson's police director is asking him to turn himself in. >> the best thing that llindividual can do is take responsibility for his actions. >> reporter: both the attacker and person who shot the video could face aggravated assault char s. luckily, the victim did not have serious injuries, >>, v y upsetting to atch. and late tonight we did learn that the attacker in that video is expected to surrender to authorities. ys that will happen at noon on tuesday. >>> newly released surveillance video might show the people responsible for the mid-air explosion. you see a man handing something off to the suspected suicide bomber, possibly a laptop computer. according to investigators, that laptop was most likely the bomb that blew a hole in the airbus that blew up shortly after keoff. the two men are at least 20 ni rested in connection with that explosion. >>> the u.n. security council ld an emergency meeting today condemning north korea's rocket launch. alh,l 15 members pledg

european firms said that as ,hina's economy has slowed down steel manufacturers have had to find a placeto offload their products. it has led to plunging prices, a practice known as dumping. reporter: employees and employers of the european steel industry marching side-by-side, united in their struggle against the dumping practices of the chinese competitors. thanks to heavy subsidies, still production has boomed, leading to oversupply in europe and a drop in prices. consumption of one of the 50 million tons a year, subsidized deal. chinese steel imports have soared projected figure of 7 million tons for last year. this has caused the price of steel to fall from 600 euros per child last summer to 350 currently. overproduction isn't the only issue. members of the european steel community believe that deferring regulations have played their part in making the game in china's favor. we have to play for co2 certificates, which is not the case for china. in china the amount of co2 admitted -- emitted is higher than in europe. the protests were held tostop china being granted the state of the

sususy will be cloudier and cooler b hina weak fnt. the xt storm system#)#) expected t t arriveveve nday. itits momoay's system that will bring ckhe chanceceor shers, with the potential fo rain/snow to lt into tuesday. this storm w be another quick-mover, iting the state by wednesday and lilily`yot producing mummininhe w of accumulating sn. new thisis man is facing chargeof d-u-i and reck driving afr li say he crashed into vecars, d`a a use e pupulo. poce say t t dpiver hih tween two an rere... a rereydydyd, , d thhome on the nononoside of theh city. no one was rtrtn the & incident. police are still investigating.g. a former colorado springs cheerleading s pled guilty to xually assaulting a child. mitchellll eenstreet was cesed of assaulting a 13- year-oiririr colo chehe ademy allstars. greenstrtrt told inveveigators tht seseses consensual. 'll l seenced on mat8. u-s officials ve announced a new agressive of c cer attatas against the lamic ste. the effortrtrt aimed at eroding the group's ability to use social media and the internet to

it rebounded somewhat since then from the likes of ecb, the fed and the boj. .hina dictating the mood francine: mark, thank you so much. let's get more with patrick armstrong. he oversees $2 billion in assets. patrick, we were talking about you like some of the industrials because they are fairly priced. when you listen to mark barton and what the marks are saying, they do not know where to look for central-bank action. they don't know how to view china. you haven't changed since i spoke to you. patrick: if you're a bear, you are seeing this is contracting. my view is they're going through structural reforms. manufacturing will contract in that kind of environment. february, are weak manufacturing numbers in china anyway. i don't think the numbers will change anyone's view. it is a much-needed rebalancing. francine: are you concerned about liquidity when you look the markets? they are so volatile and lots of people say because we have not found a floor on oil yet. half the people i speak to say this is a liquidity problem. we are good to see volatility for the next 12 months. patrick:

overall economy has slowed down a little bit as we can see through the numbers. .hina really has twoconomies one is the traditional economy. one is the new economy. tech, e-commerce, social networks, the consumer service economy has been growing dramatically. the question is, will the growth in tech be enough to offset the traditional -- betty: will it? kai-fu lee: growth is tremendous. but it is small. i think a drop in the overall economy is moderated, there will be time for it to be offset. i am not an economist. isty: the tech industry still relatively new in china versus some of the older industries like manufacturing, the industrial sector, and so forth. there are questions people have raised when they look at some of the stock rises of some of these chinese tech companies, whether the growth might have gotten out of hand in these chinese companies. what do you say to that? kai-fu lee: absolutely not. not overall. companies like $.10 and alibaba are very powerful. betty: there are only a few of those. kai-fu lee: in the tech industry, when you become number one, that is really

hina has offered to buy syngenta for $43 billion.es as the state backed company extends at shopping spree. ffer would be the biggest acquisition yet by a chinese firm. syngenta shares are trading higher. presidential race shifts to new hampshire. monday's results in iowa were kind to outsiders, setting fresh challenges for the candidates ahead of the february 9 primary. hillary clinton arrived declaring herself satisfied with monday's narrow win over bernie sanders. the 8 republicans trained their sights on the three leaders of their race. global news 24 hours a day, powered by our 2400 journalists around the world. francine: now, stay with bloomberg. plenty coming up. we will speak to yahoo!'s ceo marissa mayer. don't miss that conversation at 2:30 p.m. london time. 9:30 in new york. coming up i'm joined by tom keene. as mark was just saying, look out for the 10-year u.s. treasury yield rising from a ten-month low. look for jgb's. all of that coming up on "surveillance" ♪ ♪ francine: risk off. global markets run red following the as

po francis iinhe middle of it looks like he hina pretty good time. [ laught ] michigan michigan recently passed new package of ls thatncludes provisions outlawing both oral ananal sex, but what else would you expect from a state shaped like a hand? [ light laughter i don't know. how gross is that joke? it's hard to tell. light laughter ] the's new internet scam out ere people are senan e-mail from a man claiming to bthe cousin of a nigerian astronaut who's been stranded space for er a decad so, you gave him money, th's on u. light laughter and finally, klas in australia are currently sufferinfrom a massive chlamydia outbreak affecting almost half their population, though sciens now believe they knothreas [ light laughter ] we have a great show you togh everybody! [ cheers and applause ] he's a gd iend of ne. he is the star of e new film, "rac" jason sudeikis is here tight. [ ee and applause ] oh, wh a pleasure to see him. from "spor illusated" new kelly rohrbach joins us this evening. [ eers and applaus] anhe is the director of an academy arnominated documentary. it's fantastic, "cartel

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>> reporer: hina, she learne was jn mimbla, single, divorced father of two andne of el paso's most successl and rpected buildingontractors. >>nd jst mng cversation, i ask her, "where's tdad?" and she and she's like "i'not rried, and the dad's noinvolved. >> well, what did you think? >> i said, "well, there's my chance." >> reporter: he'd noticed her all ong of crse. d that morng, finally, he plucked up the courage and -- >> i just ta chance a i asked her out. and rit ff the bat we fell in love. >> and tt changed everything. >> we ended up marrying. [ applause ] >> reporter: itas a second chanor both of them. but as we all know,ecd haes, ndfuas they e, generally come with baggage. complication >> she came with other people. >> correct. i to her - know i'm not just mrryinyou and i will ake the responsily for ur dghters." >> reporter: oh,ut at's not themplicati we had in mind. lucy came with something el, ughters hg o left for gocy remained very close included a young man named daniel villegas. who was in prison. for soat's curious. >> at first kinda had my doubts. "well, if he's in prison, it

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arnab: i think in the case of .hina, the halftime reserves are probably falling but they probably still have a huge pile of reserves so there is going to be time. like robin ganguly was saying, they will move gradually. i think that is the most logical thing to expect rather than a big devaluation. even though there is time and gradually, there are going to be shocks and volatility in the market because this is a difficult thing to deal with, and there are dilemmas and inconsistencies here between letting the exchange rate hold the exchange rate holding its level and easing monetary policy, and at the same time selling reserves because as you so reserves, the monetary system onshore is contracting. you react to that by easing monetary policy you are creating greater liquidity which can go out through the capital market. see the flow of news which is like this, like the nigerian cash call, the azerbaijan cash call, or oil nations that are beleaguered. what is the fragility of your emerging market space this monday morning? arnab: i think it varies quite a lot by country. the countries yo

at not just isil and other terrorist groups but also competitors like russia and hina and threats like north korea and iran. we don't have the luxury of just one opponent. or the choice between current fights and future fights. we have to do both. and that's what this budget is s and designed to do. i when this forum we're in now was founded 30 years ago, its inaugural speaker declared thats america's best days should still lie ahead. with this budget and with our es magnificent men and women of the department of defense, they will -- our best years will lie ahead.artme as those men and women of the department of defense continue to defend our country, help make a better world for our children. thank you.. [ applause ] i >> in introducing you, i neglected to say when you were in high school you were a lacrosse player, a football yea player, a cross-country runner and also basketball.did how did you manage to do all in those sports? >> i always did a sport in each of the three seasons. i did swimming and diving in the summer. plus i always had a job at night. alwaysys worked at night.me

this is an extremely complicated relationship.nd it's been both cooperative and hina' competitive.he united states and most of from china's neighbors benefitted greatly from china's rise, particularly economically. most of the countries in the asia-pacific region have china has the major trading partner no which benefitted them .tting m now that china is getting more aggressive militarily and strategically since 2010, the -e more threatening, not rade aggressive, for your question. a lot of the countries value thr trade relationship with china. they don't want to threaten that. they prefer theeferred united a a balancer to china's power strategically. they prefer the american formulr in terms of politics and military power and they want a a good relationship. with china. china is in many ways our a partner. in many ways a looming add server tear -- adversary. what we try to do is put a thumb on the coop are a tiff side of the relationship and emphasize m that over the competitive. that's harder to do. ca >>ller let's hear from bob from maryland on the independent line. >> yes. i'm

n' dot miss hisfo percermanh wit ka lthiendee aod hina he tex nt ho .ur >> >hi tiss od"t"ayn obc n. >>> hey, hithe t bu.tton ho nyw mapl peoe are -- w!wo a >>ll t.righ >>t wha a ernumb. t >>shat'nk thas ton rya yn re. olds >> g wuesssho i here? >> o?wh >> n frachdreser. an omd thheas rs tt ig gointo si ng a song. >> "c arashnd burn"n o y hourour ngcomi up. >> how opappre.riat t >>vehey' hadry eve .hour >> us pl,e whave ae winot b tle and a asgls. 's ity ver primveessi. w >>e'll plexain. at th n isngothit' thas ha inppeng. >> an i wt ts.hi t >>ishis t whalinatante was r fontvales ine' day. we r.athe nn>> aerouncro: f nmbc news, th is isto "day"h witat klehie e

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