alix: you will see the bloomberg ipl index didn't come inside my terminal, it has done nothing, it isower year over year. joe: you have all these companies. one area that has been getting high butthat gets no has done well, tobacco stocks. in the tobacco stocks when compared to the s&p 500 makes the s&p 500 look like a straight line. alix: that is crazy. guest: do you realize how many hedge funds have their butts kicked by people just line and holding tobacco? that is the industry. are 20 full over the s&p 500. it is understated because the dividends are higher. alix: when you look at the global markets what keeps you up at night? guest: north korea. they just restarted their plan. it is an outlaw regime. a bunch of gangsters. the regime is becoming increase link demented. the17th anniversary of communist party, it is expected they may launch something, have something big plans. sanctions, they don't care. runs a dysfunctional regime by war criminals. alix: on that note. joe: thank you for coming on. alix: forget $10 billion merger is, what interesting deals is exxon up to in west tex

emily: what is an ipl look like? hugo: five years away.has been giving the same answer for the last couple of years. emily: how does xiaomi live up to a 45 billion dollars valuation? hugo: there are so many services that people haven't even started thinking about. $45 billion is just the beginning. emily: thank you for joining us. so great to have you. ♪ betty: welcome to this bloomberg special edition, "china: behind the wall." i traveled to china and spoke with a former ambassador to the united states, a leader in the powerful state council, and a top negotiator on foreign policy. we talked with them of the most pressing issues between the two countries, from cyber spying to the most recent market turmoil,

most of the ipl's that hit in the market that ipo market has fallen from prices more than 20%.ll be a bit of a tough they'll. yvonne: what is their position? ben scent: it is doing well. the next income -- is the adjusted net income doubled. the market position is interesting. different from the u.s. where there traditionally known for the space museum. the dinosaur movies for kids. and china, as they have been known for sharon commercial films. they are showing a hollywood blockbusters. yvonne: oh, yeah. why are they focus on china? ben scent: the main reason is an economyis such for film. it will eventually be the biggest of box office receipts in the world. most of the cinema are built. imax, u.s., if you want you have to do a lot of upgrades. they can get the latest, greatest technology from the beginning. yvonne: bring on the popcorn. joiningt, see what for us. come up next, president xi jinping had to the u.s. and we hear from his top four official. -- foreign official. ♪ david: headlines around the world pretty israel and russian said they have worked out a way to -- aro

caroline: a bit of heaven a out there, and ipl action.ndeal party, about a tussle going on for the asset. b-win is about online bingo into gaming in we understand that deal has been struck. pay 129.64 p per b-win party share. basically, is 1.1 billion pounds. that is beating the rival offer that came from 888, a premium of 12.5% on b-win party share prices. it really has been ramping up, then this tussle for the asset. finally, a deal being reached. offer. be a 25 p cash another quick bit of news -- this is a german company that will be spending out a polymers unit, it will be done on the fourth quarter, an initial share offering depending on the capital market conditions. if things get to rock it could be put to the side, but overall they will be selling shares, the aim is to repay into company debts. guy: thank you very much. anna: let's get back to that exclusive sound we have for you. francine lacqua spoke to spain's economy minister. she spoke to him about the strength of the spanish economy and membership of the shared currency. she

is, iple question with economice sustainable development. i report to a general who understands these things. in look my heart having one classmate die in the first quarter. how do we now match around the philippines that the ordinary , at least they provide food on the table? ideologies.e the it is more of a comic relief. >> my question is do we see signs of russian cooperation on any strategic front? there was an article that began to see signs of this in pakistan with shift in russian policy toward indian ocean cooperation with china. do we see it towards japan in any way or towards north korea? are there signs that their plans to work together to deal with various challenges? >> i would like to turn the response back to you. people are looking for those types of connections. the japanese has released data that shows the number of air scrambles. it is an operational challenge to meet all of these requirements. i think one question is whether there is actually about when the russians and chinese happen to do these operations. i don't think

prices.ll me about land if you want to buy new acreage, you just had your ipl and made a lot of moneyan you expect to pay? 2007 -- howels like do i get into the wind is this chart historically high prices right now. you are going to be looking at $400,000 to $600,000 an acre for a premium planted vineyard for sale for cabernet. pimm: tell us the disposition of your vineyards in terms of the grapes you are growing. david: we own about half the fruit we grow ourselves and half of it comes from rowers. we own properties in napa and sonoma, up in the anderson valley and always looking for opportunities to have that. you can have the land, make great wine year after year and control the farming and that's important to us right now. going to go after the program and buy a bottle of wine. what should we look for mark david: the current vintage -- pimm: that's the thing about california wine -- it's designed to be consistent year in and year out as opposed to continental line. david: that's right. we get consistent vintages every year. is where i 2010 napa would guide you. we were sharing it