apple is reportedly close to a deal with hyundai motors to make an electric car. the car is being developed by a team at apple and would go into production at a kia facility in 2024. apple could choose to partner with another automaker either separately or in addition to working with hyundai motors. south korea reports hyundai has received a more than $3 billion investment from apple to collaborate on the electric vehicles. >>> and lowe's, the home improvement retailer, is betting that couples stuck at home during the virus pandemic want nothing more than a night of lowmance on valentine's day. so they are taking reservations for date night at one of ten select stores across the country, including in san francisco. 50 couples will win an after-hours store experience with splash painting. couples need tree to follow soc distancing and safety protocols. but yes, those are the headlines from cnbc. i'm not sure about you and your significant others but i could do a valentine's night at lowe's with splash painting and everything. >> my man is a handyman but i don't kno

on the speculation surrounding the apple card, apple did hold talks with hyundai and kia motors are out- about building an electric vehicle, but those discussions have been paused. the person familiar with the matter saying apple is discussing similar plans with other automakers, so there is no real timetable or details about when any of this will materialize. we will be back in a moment. from new york and london, this is bloomberg. ♪ joe: -- caroline: let's get you up to speed with the latest breaking news over apple. it was holding talks with the likes of hyundai and kia, but the talks paused recently, we understand. we also understand they are discussing similar plans with other manufacturers. help to break us all down -- here to help us break it down is ed ludlow. are they working towards it more in the longer term? ed: that's part of the issue. we don't know when the talks will be revived or if they were revived, what it would lead to. according to sources, not only are talks on pause, but apple is talking with other manufacturers about a partnership as well. if there is one lesson

hyundai motor is not in talks with apple on autonomous vehicle development. ving the stock lower they also said in this filing, kia, it is reviewing options for autonomous vehicle hyundai saying no decision yet so both companies indicating they are in discussions regarding this but specific in saying they do not involve apple. reached out to the company this morning. once again it declines to comment on these reports out of south korea regarding any discussions that may have been taking place between apple and hyundai kia. so for now, guys, that is where things stand with hyundai kia saying there are no current talks with apple regarding apple car. >> the verb tense matters, i think. i've covered apple for a long time and there have been instances where if a partner talks, no more deal. they didn't say they are not and have never been. is this a warning perhaps to potential apple partners >> reporter: oh, i think it could be and i've talked with people who have dealt with apple in the past and almost everybody says the same thing which is apple wants to go on

seatbelt and driving new car, happens to be a small suv made by genesis, the luxury brand of hyundai motors. impact so great, uprooting trees before it came to a rest, just about everything forward of the windshield was crumple zone or sheared off. fortunate only eight miles from hospital. he was apparently en route for a golf outing with nfl stars tru brees and justin herbert. like his outing with dwyane wade and david spade, mostly pointers he was handing out, taking no swings. single car crashes have a finite number of causes. distracted driving is usually provable checking the computer with time stamps in the cell phone. driver impairment or animal or pedestrian obstruction. mechanical failure or another vehicle we may not know about yet. like other pinnacle athletes with names like lebron, serena or tom brady, there is intense interest in tiger woods that way surpasses his sport. as a veteran sports reporter said on this network, at that level of play, the minute he wakes up, people want things from him. that will never go away. and starting tonight, a new wave of public interest now b

checking on auto stocks as well with the government saying they plan on eco-friendly cars and hyundai motorser ev model. the kospi losing ground this morning. this is the government raised concern around stock market volatility in south korea. the korean won on the back foot this morning as the countdown to a rate decision. we got a gauge of consumer confidence earlier and we will get household credit for the fourth quarter. looking at china's home prices due later this morning, the offshore yen holding about 646 -- offshore yuan holding at about 646. ocbc chinese copper demand will help lift prices for the metal in 12 months. expectations driving a lot of these moves, and oil is set for the tightest quarter since about 2000 according to morgan stanley. wti around $62 this morning. gold is steady after rebounding from a seven month low. shery: we continue to see big moves across assets, markets trying to waive those profits for growth and inflation. let's get our guest's take. let's start with commodities, sophie was telling us what's happening with the copper and oil and gold. commodities a

the hyundai motor group are the most safety wards for 2021 and it doubles introduce 3 new chicken sandwich is a crispy chicken sandwich a spicy crispy chicken sandwich and a deluxe chicken sandwich on nearly all the fast food chains have some crispy chicken sandwich or another as they have become wildly popular f last few years live from new york, i'm jane king back to you ok so that begs the question jane when was the last time you went to mcdonald's to get a crispy chicken sandwich. >>although i do there's that my son loves their chicken sandwich they have now even these new ones and he orders uber eats all the we're all laughing in the studio i would kill for mcnuggets and mean call me old fashioned >>thank >>7.19 is the time. so the debate over raising the minimum wage is maybe getting a little traction on capitol hill, we have lawmakers on both sides of the aisle beginning to weigh in on this and what the consequences might be if we raise the national minimum wage to $15 an hour or washing correspondent shot. hudson takes a closer look. as the house prepares to vote on president biden

hyundai motors rally 7% less -- last week. more to come on daybreak asia.karina: our top story china has published official rules on internet monopolies which take effect immediately. the regulations aimed to curb the sharing of sensitive government data and inflammation of alliances, it squeezes small arrival of these that keep competition down. the increased urinary has triggered legal action, bytedance is doing over alleged monopolies at ouija -- we chat. president by biden is in a getting a new relation with china, saying the superpowers are in extreme competition but that does not mean conflict, the president says there is no particular reason he is yet to speak to xi jinping, they're just simple has not been time. he added he will deal with beijing differently than his predecessor. who scientists say they have uncovered important news about the origin of the coronavirus pandemic after a visit to wuhan. they expect the main findings to be released this week after an investigation into have the pandemic spread so explosively from the city. the who trip

this after hyundai motors is set to take a hit of electric vehicles due to battery defects.o a five-year deal to buy -- from asml. looking at the board quickly. you spoke to alan joyce. shares on the move higher. earnings in australia helping lift the asx 200 by about 1%. aussie bond traders will be on the watch for any action to control the yield curve, given the two year yield is at 13 basis points. pickup in kiwi yields. 10-year adding basis points. asking the government to -- prices in its mandate. we have the u.s. ten-year holding steady after we saw a bear steepening overnight that had the 30 year at about 11 basis points. climbing to a level we have not seen in over a year. shery: we will get talking about the bond markets. we want to bring in mark cranfield. just as sophie mentioned, we continue seeing the global bond route. despite the fact, chair powell continues to insist it is a share of -- show of confidence. what do you think is happening in the bond markets? >> there is a bit of a disconnect between what traders see and what jerome powell sees. jerome powell s

we get earnings reports from big names like twitter, also uber, general motors, coca-cola and disney, to name a few. >>> hyundai says it is not, not in talks with apple to develop a self-driving electric car. in a regulatory filing in south korea the automaker says it wanted to clarify rumors about a joint effort with kia motors to work with apple. it says it's received several requests from a number of companies but nothing has yet been decided. now, you may recall last week, reports said that apple could build a car at a kia factory in georgia. separate reports say the talks are on hold because apple was upset that news of the discussions was leaked, possibly by hyundai. >>> and a big day for amazon warehouse workers especially in alabama, it will be an historic vote to unionize today. on friday the national labor relations board or nlrb rejected amazon's attempt to delay the vote which included a motion to demand votes take place in person, not exactly something that people want to contemplate during the virus pandemic. mail-in voting will be continued as planned and really to decide whether the alabama ware

working with apple on autonomy vehicles hyundai said it is getting more requests from other companies to develop autonomy vehicles how ever apple was not one of them q motors also said it was not in talks with apple but is reviewing prospects with multiple companies overseas last month i said it was actually an early stages or early discussions with apple but nothing had actually been decided later they revise a statement and did not mention apple at all $100.00 shares tumbled 6.21 percent while kiya plunge 15 percent. and finally we hear from president joe biden on u.s. china relations will perhaps one of the most important relationships the one between the world's 2 largest economies on sunday biden told c.b.s. news that the u.s. relationship with china over the next few years will not be one of conflict but will be one of extreme competition for focus more on international rules of the road so what exactly does that mean and what is not going to look like joining me now to. host ben swan and jeffrey tucker editorial director at the american economic institute for economic research ben let's start with you breakdown for us president biden's comments what

motors james, mcdonald, trade i it or fade it? >> electric vehicles are coming. they're not going anywhere they've got a 20 a 35 target of all electric they're bringing hyundai and electronic suvs. hyundai's tapped them to bring self-driving cars in japan i think gm is going to get it right. i've heard your commentary on gm and yes, trucks and suvs are there. but i think gm's poised to take advantage. >> karen >> i agree definitely trade it. valuation, a loan. i fully believe in mary barr they've said it's coming for a long time. they never got the valuation not expensive here i know it's run up a lot we'll see tuesday or wednesday i like it long >> how is this for a twist >> game within a game. steve grasso, would you rather general motors or ford, which is also getting a similar sort of rerating in the market we discussed seller earnings farley knocked it out of the park on a conference call what do you think >> i think ford seems to be chasing the dog here, and both of them haven't really impressed me, gm or ford, but it seems like gm really put the hard press on ev as james was saying, gave a detailed explanation to it i think they can lead. i think ford see

billion in the next five years, general motors a they're going to spend $27 billion, that's a lot of money and the reason that apple is going to tee up with hyundai and ramping production is a difficult thing to do, talk to tesla they have been trying to perfect this for 12 or 13 years. i think that partnership makes sense to a lot of people watching apple news. neil: you guys are the experts, but the one thing i wonder about this will change if they do two things, obviously get more mileage on a single charge of battery they've gone a long way will that some of the tesla miles can get 400 miles on it single charge and if they speed up the time it takes to charge the batteries, many, many hours they reduce thought to minutes then it is a game changer, until they do, we might be getting ahead of ourselves, what do you think? >> you are right, there is some physics were battling against as an engineer being able to charge batteries and is not just an ev problem we want our phones to charge faster, our watches everything that we have with batteries in it, there will be technological advances but i don't think were going to be seen anything philip as

motors. apple moving closer to building the apple car becoming a reality. second report in two days they will build in apple car in the state of georgia along with hyundai andr. a report in the local korean press that apple will inject an invest 3 1/2 billion dollars into kia in this partnership but it is not just the apple car. i think this is something very smart from the world's biggest company. they're not sitting on their hands after that record breaking final three months of last year. they made $100 billion of sales very first time. headlines, stu, they're getting to virtual reality. there is talk, we've seen the reports that a vr headset should also be coming from apple over the next few years as well. do you want to talk about apple or get into other stocks that are moving as well? stuart: well, i will get to the other stocks, i just want to make the comment i think the big tech companies are doing exactly the right thing economically. they have got an enormous amount of cash an expertise. they're putting it to work to advance the whole economy by putting it to work in other industries. i think it is just teriffic. i think it is a fine thing to do.

hyundai kia spokesperson declined to comment on the questions that we put to them regarding finalizing a deal with apple. one other stock or a couple of others i want to focus on here, general motors a look at general motors. clearly if apple does develop an apple car and gets into this ecosystem with let's say, a vehicle that is for row bo taxi eventually it would be a vehicle that perhaps, there may be vehicles that perhaps people would buy, as part of their own personal i'm buying a vehicle, i'm going to buy an apple car. what are the implications for general nomotors and all of the auto makers. we talked to mary barra when reports were bubbling up we asked this specific question, what does it mean if apple gets into this game here's what she had to say. >> we consider apple to be a formidable competitor, we're working with all the capability we have, with our technology to go as fast as we can, to really satisfy and delight the customer in our vehicles and create that relationship and just a incredible overall ownership experience >> one other auto stock to take a look at, ford, and we're showing you ford, obviously because of the implications it would face if there's an apple