wynn macau almost down 10%.s down by just 7%, even in sydney, crown resorts getting a little by contagion. an absolute hammering for those casinos. cpi year on year from china. and the correction we have, 3.3% for the year on year, as opposed to the number expected of 2.3%. at the moment, 1.5% moved to the outside was month on month, not year on year. so that is what we have currently going on. the ecb sent shock waves through europe and bond markets, more hawkish and dovish than expected -- expected. they will buy fewer bonds per month. does that work or not? >> that is the question of the day. especially if you're a global bond trader. cutecb announced it won't its monthly bond purchases to 60 billion euros a month from 80 billion euros. you could call that a tapering, right? that was not expected it, so that hit the market hard. but notwn the road, now. the extended its bond purchases six months past the march 2017 and date. nine months, now they are to the end of next year. that is more because they said the

they are moving past just gaming in macau.is: the question macau recovering. .t has had a horrible downturn are we seeing any green shoots of recovery? >> analysts are expecting game % inecover and rise 7 2017. this recovery will be pushed by ordinary, middle-class consumers, tourists, and less of the high rollers from china, which took a big drop two years ago when the anticorruption campaign began. the is what macau and casino zone focusing on now, families, people with kids, grandparents, looking at macau as an overall tourist destination and not just a one-day casino trip. rishaad: can macau become a tourist destination and be known for something besides casinos? yes, i think that is what the macau government of authorities and the casinos hope, which is why they have poured money into , theing the eiffel tower hollywood themed casinos, rides, and the model here is las vegas. and las vegas is from non-gaming related activities, so las vegas is seen place for concerts, shows, parties, but macau is very far away from that. w

are they that negative when it comes to macau?ative or is the world going negative for them. crown employees and china were detained in connection with an investigation into a legal marketing of gambling activities. this is a shady and difficult area. crown depends heavily on these pip highrolling gamblers coming to australia to play. they said in a statement yesterday, turnover, the wages from those players, was down 45% in the first 23 weeks of this year, a dramatic drop-off. it is bad when you consider some of the projects coming up. working on aey're $1.4 billion hotel casino 2019ct due to open in catering exclusively to highrolling gamers. you have a problem there. if the high rollers are not coming in now, how do you finance that building? who is action going to stay there? sophie: thank you so much for the update. rishaad: quite a dramatic backdrop as well. we will talk david a bit later on. a key battleground in the fight .or control at tata motors that is on its way. ♪ begineral motors to testing autonomous vehicles on pu

rishaad: right, well, let's have a look at macau's casinos.to be on the road to recovery after a 26-month-long losing streak. hub is starting to see healthy and sustainable growth. a turnaround in the making. fortunes change in giving a shift in market and stricter rules by regulators seem to be paying off. this cap for straight months of gains. when it comes to 2017, the director of the industry watchdog is hopeful the momentum will continue. healthy, sustainable growth is the main message. macau's government forecast $25 billion in gaming revenue next year. they don't want to tempt fate, do they, so they say they are cautiously optimistic? they certainly want to be conservative given external factors. is this attempt to diversify the economy, and here's what china had to say about the trump factor. of a veryicies important country in the world can affect the macro economy, so it won't affect directly the gaming industry of macau, but if the policies affect the general clients may beur affected, so it is also a factor for the development of t

james packer's company had planned to isolate its australian casino business from macau it it is alsobandoning a development project in las vegas. the chicago stock exchange could bethe first u.s. exchange to owned by china. the proposed sale to a chinese group of investors has cleared its major hurdle but it still needs approval. bloomberg news reported the takeover valued at less than $100 million. and agreement was signed in february. shares in chinese tech company -- start trading on thursday after in ipo expected to raise a must $630 million. the app developer planned to $8.5074 million shares at hong kong. it is the largest offering since alibaba. the founder and chairman told blu-ray the company has aspirations and social media. to get more now is exposure and let more people know about our brand good first, to make it a tool in later to turn it into a social media app. american think tank says there is evidence of chinese military installations on disputed islands in the south china sea. the initiative published satellite images showing missile defense and systems and anti-air

you have been tracking the macau numbers for a while.e is a widespread understanding that one way in which people in china get their money around capital controls, get their money out of the country, is to go to macau, by a bunch of chips, gamble at some game, or maybe you are expected to lose 1.5% of your money, then cash in your chips afterwards and you have your money out of the country -- scarlet: voila. on: this report about a cap how much you can take out of atms in macau suggests -- the application that people are reading -- the implication that people are reading is that china is trying to train -- tighten the screws and make it harder to get money out of the country. scarlet: so it is another form of capital controls. joe: we were literally just talking yesterday on the show that now that china's fx reserves are down one chilly dollars from peak of the summer of 24 -- $1 trillion from the peak of the summer of 2014, one part is the ongoing desire of people with money in china to get it out of the country. it moves like this. in

what's it like in macau?ll, macau is usually over 90% gaming versus less than 10% -- >> and do you want that to shift? >> we don't really want that to shift. because as a company melco crown we really pride ourselves on creating the first attractions and entertainment. we have the most michelin stars in macau, most five stars. but really the attractions there are as a differentiator so people pick us over our competitors. naturally the thing that still drives our business is always going to be the gaming business. >> and so you always want that to be -- because the premium on that is so much higher? >> it's higher and better. you know, macau as tough as it has been the last years is still over four times of las vegas. in terms of gaming revenue. >> how does the trump card affect you? >> i think it will affect us positively. you know, i think having the president-elect said many things about, you know, china, et cetera, but ultimately -- >> not all positive. >> not all positive. >> very little, actually. >> wh

is way they have pulled back with travel visas to macau.ng credit availability. that is what you saw this week. i am sure there will be some itest revenue impact, but will not be severe and certainly not long-term. david: apart from the effect of this particular action and its immediate effect, does it signal a large issue about the possibility of china curtailing the flow of capital outside of china that could affect the casino business there? jim: i think it signals curtailing the flow of excess capital. china's central government is looking through abuse through its system. a logical, orderly distribution of capital is completely acceptable to the chinese government. what they have an issue with is or trying toflows work around the system. and i don't blame them. will see hong kong stocks settled down the next couple of days. because the underpinnings of visitors going to macau, spending money, the folks that use union paid -- this is what we are talking about -- is a relatively small percentage of overall gamblers. i think it will sort

if you had to macau, you will have to declare if you have more macau dollars. closing lower by 1%.oming off the commodity fueled rally we saw yesterday. little bit of mixed movement from southeast asia. the china market is down 0.8%. goldman sachs called saying they have cut china equities although they do still favor the asian -- shan index over age -- h are index. you are seeing the yield on the 10 year note up eight basis points. yield there at their highest levels since january for australian bonds. yousef: thank you. joining us live from hong kong. the top story. italian citizens we'll head to the polls on sunday to vote on a referendum regarding the countries constitution. prime minister renzi wants to reshape the senate. he also wants senators, and this is key, to lose the power to call a vote of no confidence. but a yes vote does not mean instability in the long-term. you are looking at reinforced power. to drive through destabilizing policies. in italymark bond continues to thrive since yesterday. despite concern of the stability of the country's lenders. joining us now fr

is story out of macau.-seeing that way on falling at one stage to the lowest point since 2011. half of the losses we saw earlier. names, alsoother down by 5% as well. another dented when it comes to the macau recovery. yousef: this is "the best of bloomberg markets: middle east." the most -- we asked blackrock manager about how investors are reacting to what is happening in the united states. had of theis institutions group at blackrock. you are he in the gulf region visiting some of the most important clients. what have you learned? >> i guess the principal thing is the investors in the changes in washington. -- is investors in the region are welcoming the changes in washington. detractors are projecting their greatest fears, and there is an interplay between the fears and the hopes. surprisingly, there have been more people that are hopeful fiscal, whicht to blackrock has been calling for. the lessening of the reliance on monetary policies globally. there is broad optimism. erik: does the optimism surpris

♪ we are going to take you from new york to london and covering stories out of milan and macau.resident-elect donald trump says he is taking credit for bringing 5000 jobs back to the united states and patching things up with president obama. year's selling season has been less for companies like amazon? we will talk to helane becker. the italian prime minister delivers his year-end news conference. we will tell you about what he said about the future of italy's troubled banks. we are about 19 minutes into the close in europe. the stoxx 600 is down one quarter of one percentage point. the ftse 100 is intending on keeping its high in terms of sterling. just a point higher. germany down about 2/10 of 1%. makro movers, the column with all the economic data is very quiet in europe. is taking up much of the room for the forex. swedish krona is having a great day. bonds, yieldsto are rising in the likes of germany and france as well. a little bit of selling in germany. the two-year yield -18 basis points in germany right now. that is for the european markets. let's take a look at the u

macau casino revenue rising 14.4% in november. it was up 8.8% in october. ♪ >> i am emily chang, and this is bloomberg technology. go pro slashes it workforce looking to turn a profit. we will put the action camera company in focus. nutanix had its first earnings test but investors may have missed the call. we will ask the ceo why shares are down at the cloud company. after a series of roadblocks from regulators, one of the most famous hackers in the world shares his secrets of driverless car tech with the masses. he will tell us why head. -- ahead. our top story. gopro announced restructuring plans and it's cutting its workforce by 15% and shutting down its entertainment division with the goal to turn a profit still insight. a few months back, the company was singing a different tune. i spoke to the ceo in september and he was optimistic about the future. >> we've got a terrific vision for the company. if there was an opportunity that helped us accelerate our vision and realize gopro on some massively larger scale, then we were a

we had it in macau. on the trip were frank and bonnie wattenberg. they were could -- they were to conduct the seder. it is pretty long before you eat. frank and bonnie prolonged it by arguing with each other about how to conduct it. frank, you don't do it that way. shut up, bonnie. it's this way. and it went on and on and on. harry was seated squirming. i know him well, steam coming out of his ears. he wanted to get on with it. it was getting late. but impatient as he was, they -- the seder always win and so it did. but god bless his heart, he sat there a whole hour, another hour very polite and never said a word. that's who he is. he's been a good sport and it takes what comes. doesn't complain, doesn't wine, just does the best to does the best with whatever situation he is in. so while you're in a sporting mood i will try to add a few , words to what has already been said. he is not only somebody who can be quiet and take it as it is, he can also be passionate. i'm going to let some of you who know the story, but i will let you in on a secret. oth

. >>> the chinese government is considering a proposal to crack down on elicit outflows from macau.ew proposal would see macau have the amount of cash that china union pay card holders can withdraw from cash machines in the territory. the report sent casino stocks falling in early trade in asia. >>> the dogs of the dow investment strategy rewarded adhe adheren adherence. dom chu filed this report. >> now is the time of the year when many investors look at the dogs of the dow. this is looking at the members of the dow and then taking the ten highest dividend yielding stock there's, buying them in equal amounts, holding them for the year and rebalancing them next year. this year there's been a huge outperformance of the dogs of the dow driven in part by a number of names. caterpillar, construction equipment, big laggard last year. this year bouncing back in a big way. oil and gas, chevron up 32% if you factor in the dividend payments. ibm, a laggard for a few year in the dow, up 24%, walmart and merck, top five in terms of total return this year. if you look at the projected dogs of t

onwas detained and macau sunday and is awaiting extradition.ndictment says he and two others targeted seven major law firms, making $7 million in risk profits. hong kong being sued by the fcc for seeking an asset freeze. producer toest zinc cut output. it's planned for february will be adjusted according to market conditions. zinc has rallied. morgan stanley has flagged potentially for production cuts in china due to the lack of materials. raised at the pressure on -- h ofg him for a breec confidentiality. business strategies related to india's biggest conglomerates. he violated his responsibility. toshiba is plunging for a second day after forecasting a loss at t billions ofhhe bigges dollars. arguments over any nuclear projects in the u.s., which are years behind schedule and over budget. determine theto final write-down amount, but it could be as much as billions of dollars. many affect our earnings. we apologize to all of our stakeholders on this matter and i would like to ask your continuous support for us. news, 24 hours a day, powered by

that's when the chief locus of profits for vegas sands went from being vegas to macau. change transformed lvs from a sew so so company into an northwesterly powerhouse. the charge told you about the transformation well ahead of the wall street analysts. they weren't thinking about macau here. the chartists were thinking there's buyers lurking. volume is another key tool to chartists. they use that to spot pivots. we also say volume is a lie detector, telling us whether a move is for real or not. when there is a small move on light volume, the technicians ignore it. but when there is a small move on heavy volume, the chartists drill down laser like to see if it's a precursor to something bigger and infin atly more tradeable. chartists are at all times looking for accumulation on big bottom or distribution. that's a synonym for selling of a stock, and that could telegraph a big decline. they measure these moves by something called an accumulation distribution line. when the calculation of the acouple liegs distribution line is arcane, involving the -- i know it is -- char

the big story for casino stock related to macau over the long-term is gross gaming revenue.e last couple of years, we see a massive decline in 2015. a small decline in 2014. this really wait on the shares of wynn resorts along with -- this really weighed on the shares of wynn resorts. here is the massive plunge as revenues declined. this year we see a bit of a turnaround. the shares are up more than 30% ahead of revenues actually turning around, gross gaming revenue turned higher in the month of august followed by september and october for some strength. that helped create a bullish golden cross in the -- and the 50 day moving average move upward of the 200 day moving average. the last time this happened we saw a huge up run. it has been bumpier today. deathesorts put in a cross and it will be interesting to see whether the bulls are the bears take over the shares of wynn resorts and give a clear directional move for 2017. david: abigail doolittle with a look at casino stocks. mgm casinos opened up a new casino at national harbor south of washington, d.c. on the potomac. con

a letter from the chancellor addressing macau community of the devastating news and heart is condolences prayers' got to the families and friends as well as those who must deal with the unbearable uncertainty and wait for all who remain unaccounted for as dave as the heat been in in for the des will bring any of other a to the nine. kron 4's ella sogomonian met >> reporter: there are two of from memorials one here and one on the opposite corner tables were growing there of asking questions here as a lot more quiet. and want to show you some of the notes you cannot see from here but there's a child's drawing. of planet earth." neighbors tell us a man lived in this warehouse with his wife and three children. and in the last 24 hours that man has taken quite a bit of heat on social media. derick ion almena is the man we're talking about. he is one of those associated with this property. this is picture from his facebook page. of him and his wife micah. saturday he posted on facebook quote. "confirmed. everything i worked so hard for is gone. blessed that my children and micah were at a hote

. >>> colonel marty macau leads army units for ensuring response to domestic threats. whether in a subway station or middle of times square. we spoke about exercise with the new york city fire department hazmat team. >> our 59th chemical unit, the chemical, biological will, radiological and nuclear did training with the new york city fire department. the purpose of the train was to increase our role in civil support mission. we did joint training with them and actually the simulated exercise, there was a radiological device that had gone off in new york city. and new york fire department was doing screening at a reception center. as part of the civil support mission we could take over that mission screening personnel before they enter the center to make sure they're free of contamination. if they're contaminated, do decontamination before they enter the center. >> you mentioned the domestic role. it's not something folks always associate with the army. can you expand about the mission >> we support both the defense support to civilian agencies in multiple roles and des

limitedatm card holders to 5000 hong kong dollars per transaction while in macau.t has set daily and annual limits that will remain unchanged. casino stocks slumped after china imposed the cut. that is your bloomberg business flash. guy: thank you very much. mario draghi announced an extension of the central bank quantitative easing plan until the end of 2017. matt: longer than expected, but at a slower pace. to 60 billionce yeaeuros. convinced the market that even though they would cut purchases, this was not a taper. they defined the taper as a step function going down. at the short end, when a market participant knows they were not raise rates while they are buying bonds, so they said they will buy nine more months, three months more than we thought. they can bid the yields down. at the short income date look at this as being pretty dovish. less than 80. i see this as tapering to the extent that it is open-ended. there are some dovish elements to increase the run rate clearly mario draghi has turned qe towards the the run rateng down. i see it as a hawkish move.

dwindling, but gone $4om 420 and dollars -- trillion.own to $3 betty: how much of a blow is this for macauthere is about a two year slump in gaming revenue growth. we have seen increases over the last three months. this is a potential blip or damaging effect. yvonne: we will see how the casinos perform later on. up next, investors worry whether opec will be able to persuade nonmembers to cut. what is expected in vienna on saturday. ♪ it is 8:30 in singapore. monetary authority of singapore saying they had instructed the singapore's tonge -- singapore exchange discover the root cause with the opening of the derivatives training. more to come on that. i'm you yvonne man. of a dark, shadowy day in singapore. let's get to first word news with courtney collins. list seems to be more at the european central bank. mario draghi cut his bond buying program from the equipment of $85 billion a month to $64 billion. he also added three more months of buying than expected. he says qe is essentially open ended. draghi: the two options are those started by committees in the preceding months. one is the o

after cash withdrawal limits imposed on macau atm's were not as harsh as expected.nland atm cards will only be able to take out 5000 at a time, the equivalent of 620 six dollars. the move designed to restrict currency outflows from china. >> it was a massive overreaction in the hong kong listed stocks. there was a bit of a lack of context of what the chinese government is trying to accomplish. ramy: the federal reserve expected to raise rates again on wednesday but it is the only central bank moving among several meeting this week. let's get insight with alicia garcia carrero. good to see you. let's talk about the fed, because that is in focus moving ahead. it looks like there is confidence reigning supreme. let's hop to the terminal and i will show everyone the probability of a rate hike here basically is 100% for this meeting, 94% saying it could be a rise of 25. do you agree -- if the u.s. economy ready? reporter: the u.s. economy is right for a raise. it has been right for years. of course nobody else will be moving immediately. i think it we change the tone for

have seen shares in china dropped by as much as 5.5% today, the most in five months, after news that macau require inbound travelers to disclose cash when they enter into hong kong. hong kong trading lower so we are seeing a little bit of negativity coming through a plus asian markets. bee will beive -- we will liv from londone at the top of the hour. this is bloomberg. emily: this is "bloomberg: technology," i'm emily chang. ater is known for being contrarian to say the least when it comes to everything from politics to his investing philosophy. his fellowship gives $100,000 grant to two dozen college-age students each year on the condition that they drop out and start companies. two people behind the fellowship have started their own venture fund called the 1517 fund with the aim of taking things a step further. joining me now is it danielle strachman and michael gibson. you guys have been at this for a year-and-a-half now and working with peter for a long time. talk to me about how this fund actually works. i know it is different from the typical fun. >> as far as a typical venture fund

get hit a few days ago along with other global gaming stocks when there was all that confusion over macau atm withdrawal limits. the market has not had every a chance to react with shares of crown resorts in a trading halt. rishaad: where will the proceeds of the sale of the shares go to? an even split, have to pay off debt, the other half return to shareholders. crowne resorts in the statement says this decision is going to allow to redeploy capital to fund high-quality growth projects. locally, one of the christians would be if that includes sydney. crowne resorts is playing an impressive development -- thening and development on waterfront, two billion dollar development, a six star hotel. it will be aimed at high rollers, but since these arrests in china, brown has said turnover has slumped 45% on year according to a survey taken over the past 23 weeks, so it will be interesting to see what crown resorts does next. so much, paulyou allen on crown's plans to sell shares in the melco. rishaad: still ahead, more on the trading day in hong kong, speaking to one of the early investors in t

to me, the investor response is that they are still concerned about what is happening in macau. >> iou have to look at it two ways. short-term and then the long-term. in the short-term, we always have known that the regulatory lack of transparency out of this market can give us surprises like what we had yesterday. quite frankly, i was with a broad swath of the team last night at the opening. i think my impression is they were as surprised as anyone about this article coming out. and that, you know, this change was occurring. not concerned. so i think the way you look at the short-term is you just deal with the volatility, you breathe into the discomfort, and keep your eye on the long-termer term where we're comfortable that this market is in some stage of recovery. and while that lineup may not be straight, it is headed upward after, you know, the downturn that began in late 2014. >> like a yoga instructor, breathe into the discomfort. >> talked to jim cramer last night and said, i don't want to minimize the significance, it will reduce some gaming revenue. they're looking forward t

announcing a sale to pay down debt aired the company had planned the spinoff after the , alsorn of macauing -- abandoning the development in las vegas. foul in falling california, the dmv says uber's is breaking the law by rolling out cars in san francisco without approval. they deployed self driving cars bmw havehat google and obtained licenses from the dmv. american think tank says there is evidence of chinese military theallations on islands in south china sea. the center for strategic and international studies show images that they say shows international -- missile systems. beijing has not commented but hasn't previously committed not to let her rise the region. global news 24 hours a day. this is bloomberg. let's get a check on how the markets have been trading in the asia-pacific today. >> not a great day for equity markets really on the back of that rather hawkish commentary we had coming from janet yellen the fed, of course, lifting rates been we are seeing significant selling coming through particularly in hong kong. also increasingly stash of course, remember, the hong kong u.

kennedy: tonight as if this whole fiasco wasn't ridiculous enough now hollywood is getting involved in macauthey are armed with a psa. james rosen is here with more plus donald trump secretly loading up his cabinet with libertarians. what does the heavy metal world think of the president-elect? turn off the lights it's time to rock. that's it, the washed up haggard and irrelevant celebrities have spoken. they are not happy with the outcome of the election so someone went to hollywood's professional graveyard

the story in hong kong is a weakness we are seeing in the macau casino stocks.ness from the casinos is weighing on the hang seng which is down by one third of 1% by the late afternoon session. still, a pretty positive session for the asian equity markets and a good week for asian equities as well. we will be live from london at the top of the hour. this is bloomberg. emily: turning to the videogame world, 2016 has been a year of transformation for nintendo. the company made its jump into mobile gaming with the launch of its nikomo app, and later the phenomenon that was pokemon go. in september, nintendo stole the spotlight from an apple product event with this announcement from tim cook. >> please welcome sugar of miyamoto. emily: nintendo announced that super mario run will be launched exclusively on ios. 20 million people have already been signed up to be notified as soon as it is available next thursday. the nintendo of america president joined us earlier from new york to talk about the upcoming launch. >> we are working very hard with the folks at apple to m

kennedy: tonight as if this whole fiasco wasn't ridiculous enough now hollywood is getting involved in macau, they are armed with a psa. james rosen is here with more plus donald trump secretly loading up his cabinet with libertarians. what does the heavy metal world think of the president-elect? turn off the lights it's time to rock. that's it, the washed up haggard and irrelevant celebrities have spoken. they are not happy with the outcome of the election so someone went to hollywood's professional graveyard and duck up loretta swift martin sheen and the farmer from dave to deliver a tap in an unconvincing plea to republican electors to switch their vote when they gather in state capitols on monday. what a sad sack of has-beens. watch this. c i'm not asking you to vote for hillary clinton. >> i'm not asking you to vote or hillary clinton. >> edition of the constitution constitution -- any eligible person. it can certainly be someone you consider especially competent. kennedy: are you convinced? they said they are not asking you to vote for hillary clinton. they just want you to vote agains

this is after china halted the atm withdrawal limit in macau.ming out of china today, we have cpi expected to nudge up to 2.2% on year end november. i'm paul allen in sydney. more from "linear technology" technology"omberg next. ♪ emily: turning to the videogame world, 2016 has been a year of transformation for nintendo. the company made its jump into mobile gaming with the launch of komo app, and later the phenomenon that was pokemon go. in september, nintendo stole the spotlight with an apple product event this cash from an apple product event with this announcement from tim cook. eventm an apple product with this announcement from tim cook. >> please welcome sugar of miyamoto. that: nintendo announced super mario run will be launched exclusively on ios. 20 million people have already been signed up to be notified as soon as it is available next thursday. the nintendo of america president joined us earlier from new york to talk about the upcoming launch. >> we are working very hard with the folks at apple to make sure that from a server capaci

kennedy: tonight as if this whole fiasco wasn't ridiculous enough now hollywood is getting involved in macauey are armed with a psa. james rosen is here with more plus donald trump secretly loading up his cabinet with libertarians. what does the heavy metal world think of the president-elect? turn off the lights it's time to rock. that's it, the washed up haggard and irrelevant celebrities have spoken. they are not happy with the outcome of the election so someone went to hollywood's professional graveyard and duck

charlie: macau many people write about politics and because culture is -- their references are basicallymovies. viet: that provides us with a common language. even in an age of social media, we still go to movies. we think about world war ii and its defined by the greatest generation. charlie: you were very much influenced by "the land at the end of the world." viet: not a lot of people know that. some people think it should have one the nobel prize. it's about the portuguese war in angola and i was influenced by the style. it made it possible for me to come up with the opening line. charlie: do you think of yourself primarily as a writer? viet: i do. write fiction, nonfiction, scholarship and to me, all of these are related. i don't compartmentalize them but each of these things inform the other. charlie: they clearly do. viet: "the sympathizer" is fiction and hopefully it is entertaining but it is informed by all the scholarship i have done as well. charlie: everything your character thinks is a product of his own observations. viet: and he himself is a writer. two thirds of the way th

when his owner landed in jail, a the big red macau stuck by his owner's side. you see him there. the bird got an early release. >> oh. >> one of the deputies' friends is caring for the bird until his owner serves his sentence. >>> looks like it belongs in one of the awkward christmas family photos. >> parole. >> that's good. >> and with that enter meteorologist chuck bell. >> little bit of sunshine coming back for friday and all throu outside the weather will be very cooperative for the next couple of days. sunrise still not quite there yet. sun is up at 7:09 this morning. another whatever that is, 17, 18 minutes away from now. but the skies as you can see there, mostly clear out there this morning. definitely good news. cloudiness across northern maryland but no rain in the forecast. we were warm and dry, not just for the month of november but when you consider can the entire autumn, all of september, the warmest autumn on record around here. number one all-time warmest autumn and four of the ten warmest autumns on record and records go back 140 years have been within the last t

weighing on some markets over there, the gaming stocks because of what potentially could be going on in macaurom beijing. so i know wynn was really down quite sharply over there. >> in hong kong. >> as for broader markets, oil prices, particularly strong last week. a bit more mixed this week. decent day yesterday. they're up 0.7% today. 51.2 for wti. the dollar, which, of course, last week did slip a bit, but it bounced back sharply yesterday. the broader index up 0.9%. large part of that coming on the euro/dollar pairing. the euro soft to the teen of 1.5% to the dollar. movements today more muted. the dollar a bit stronger against the yen. 0.4%. ten-year treasury note, just below that 2.4% yield level, it has gone back above that, a decent move back above that, 2.44. gold prices to round things off, coming up gold is a bit -- it's flat. 1,172. what has been fascinating is the broadness of the rally. what's come in. everything is catching up from small caps to mid caps. the nasdaq, which had been the laggard in terms of the post trump rally is up 3% for the week as a whole. t the dow is up 2.

kennedy: tonight as if this whole fiasco wasn't ridiculous enough now hollywood is getting involved in macaure armed with a psa. james rosen is here with more plus donald trump secretly loading up his cabinet with libertarians. what does the heavy metal world think of the president-elect? turn off the lights it's time to rock. that's it, the washed up haggard and irrelevant celebrities have spoken. they are not happy with the outcome of the election so someone went to hollywood's professional graveyard and duck

macau has tried to reinvent it self as more than a mecca for gambling.e largest gaming have will come from mass-market players rather than high stakes chinese gamblers. gambling revenue in macau is expected to rise after three years of decline. donald trump is seeking credit for sprint to bring back 5000 jobs. it is part of a broader u.s. hiring plan. the chairman said earlier this month that they intend to invest $50 billion in the u.s. creating 50,000 jobs. michael, francine? let's talk treasuries. let's bring into my bloomberg terminal. this is the spread, five and 30 year in the u.s.. 2008, the beginning of the financial crisis. the spread pete king 2010, the red circle. in 2010,read peaked the red circle. get the job can done, i'm not sure what the job is. we are near full employment. john: that is one reason we see this curve, it is anticipating more tightening from the federal reserve. typically into a tightening cycle short and yields rise more than long and yields and the yield curve flattens. we think the market is reasonably well priced for ne

china's holders have been limited to a hold in macau. annual limits will remain unchanged.o stocks slumped after word cut.china was imposing a that is the bloomberg business flash, francine. francine: thank you so much, nejra cehic. theident park was impeached moment it was announced. were 299 total votes, 234 for, 56 were against. i announced that president par s fast.eachment case was francine: what does this mean for the presidency? guest: what this means is that isk junie -- park geun-hye suspended, and the prime minister will take control. a he meeting will be held at 7:00 p.m. seoul time. that is the latest we have heard so far. we are having technical difficulties, as you can imagine, with satellites, we have about a million satellites to then go to seoul. announced, there was a cheer in the crowd. this comes less than two months apology for a frenzied state of affairs. more than 2/3 of members in the national assembly voted for impeaching her. just to put everything into context, it came after some of the biggest street protests since the nation became a democracy b

we got this news about china limiting atm withdraws in macau to tighten the ability of people to takeash out of the chinese economy. the chinese government about outflows, it hasn't been as big of a deal. but not since then. is this going to be a story which reemerges as something that is potentially destabilizing? >> it is a big story. december and january was a peak outflow time. then they leveled off. the last three or four months, they've been averaging about 60 to $70 billion a month. it's basically getting bigger. so far, they've been trying to on thegs like crackdown smuggling of money across the border. fake invoicing on imports. buying insurance policies from hong kong-based companies. in the last few days, there been some really big announcements about crackdowns and outflows. over $10 billion and over $1 billion if it's not a core business. be $50 million for full documentation and scrutiny. it is being cut back all the way to 5 million. and local currency lending by companies to their foreign affiliates is going to be brought under much closer control. they are pretty seri

we had it in macau. on the trip were frank and bonnie wattenberg. they were could -- they were to conduct the seder. it is pretty long before you eat. frank and bonnie prolonged it by arguing with each other about how to conduct it. frank, you don't do it that way. shut up, bonnie. it's this way. and it went on and on and on. harry was seated squirming. i know him well, steam coming out of his ears. he wanted to get on with it. it was getting late. but impatient as he was, they -- the seder always win and so it did. but god bless his heart, he sat there a whole hour, another hour very polite and never said a word. that's who he is. he's been a good sport and it takes what comes. doesn't complain, doesn't wine, just does the best to does the best with whatever situation he is in. so while you're in a sporting mood i will try to add a few , words to what has already been said. he is not only somebody who can be quiet and take it as it is, he can also be passionate. i'm going to let some of you who know the story, but i will let you in on a secret. oth

next week we will be hearing from macau regulators on the gambling generated for december and the whole2016. when it comes to this month, revenues are forecast to rise 7%. that is the look in asia today. yousef: thanks. let's get back to some of the turkish data we got out at the top of the hour. the country had a $4.11 billion deficit. the survey of expectations by bloomberg was looking for $4.1 billion as a deaf set. the country's economy is continuing to suffer as the president continue toss crack down in the wake of a failed queue in july. i had touched on the weakens ma row economic fund men's in turkey, and this latest data fits into that picture. what does treft bode for turkey? is a turnaround perhaps in store? >> i wouldn't say a turnaround is in store for 2017. the economic fundamentals are weakening. the default of growth and the rate of growth is weakening, and the lira is under pressure. one thing to watch is the u.s. federal reserve increasing rates, and that would put further pressure on the turkish lira moving forward. deficit is expected to amount to around 5% of g.d.p.

january 1, that's what the new data comes out of macau on the gaming intake.are expecting roughly a 9% increase year on year. another group of socks we are watching, ipo's in china trading. we have to on the mainland. one in hong kong. which onesf obvious are those listed on the chinese mainland and which one is a really -- is having a really good session here in hong kong. we've been checking these guys a reasonable day. my don't even know what these companies -- there's not anything against the companies. that's exactly what we seen every single day. 2016 was another ipo extravaganza in china. sherry has details on how much we are talking about here. the surges we have our mind line. yes.: the best return we've seen since 1994. you can see that the only comparable year was last year, 290% gain in the first month. no ipo's in 2013. trying to impose a moratorium. iposan see the number of in green. more than 200 companies going public this year since 2011. rishaad: wise demand so high or priced ridiculously low? >> it's a little bit of both. >>a weak market, th

sudden you're profiting of operations or deals you're getting as a result of relationship with mac macauna, whatever. i don't know if you want that. >> we don't want impeachment. we don't want a constitutional crisis. [inaudible] >> we want this done before january the 20th, the constitution is already there. we can't change the constitution. neil: where is he going to take all the real estate? it's very different than those who come before him because of his wealth i think as you point out. what is he supposed to do? >> he has to comply with the constitution of the united states. it's not something that we can say, maybe, might be not. the constitution is there for ui given reason. neil: sell it in mass? >> either sell it or put it in a blind trust. that's the practice of every president. look, the constitution has served us well, there's a reason why we don't want foreign government inappropriately influencing our election, public officials. donald trump needs to comply with the constitution. neil: thank you very much, good having you. thank you for handling the china questions as well

macaw ju macau just denied that thursday, does it not then go up 4%?ould say yes. >> and it's been great since the spin of the reits and property and they still own a lot. >> because your man jim has done a fantastic job. that's why he was one of the reasons he was your guy here and switched to "mad money." >> all right. we got a lot more of this show coming your way right after this. >>> you're watching cnbc's "squawk on the street" live from the financial capital of the world. the opening bell in 90 seconds after another crazy week looking for more potential records today. dow's up four straight, s&p's up five straight. s&p, transports, russell, what's next, jim? what are you looking for to happen next? >> i want everyone to be watching the stock of broadcom, avgo, run by a man who's the least promotional great ceo in the industry. he had good things to say about communications, hardware, good things to say about pretty much everything involved with 5g but didn't call it that anymore on these calls. and that group plus the fiberoptic group and then t

♪♪ ♪ straight ahead, still more amo questions than answers after the murder of tricia macau ansley. ♪ight friends gathered todt remember the local actress and a yoga teacher police search forrf lips to her suspected killer. ke we're learning more about hist brushes with the law. >> tension escalating between the president-elect and the mane he will relays. tensions build between the we'll have the latesttate as wee countdown to inauguration day. >>> amazon echo in the middle oe a murder investigation.tiga why the new technology could beb key to cracking that case. >> we're desperate for anythingy you can tell us.can te us. >> later saying goodbye too princess leia tributes pouringtn in for the late carrie fisher fe from stars and fans proof thatrf the force will always be withh her. good day at 9a starts now. ♪♪ >> nice touch. >> there are few pieces of music when you hear it it's justs j instant what it is.t whatis. >> iconic. >> that's absolutely one ofutel them. >> um-hmm. >> it unfortunately comes>> with heff row hearts today.ow thanks for joining us for goodoi day.ni 9:00 o'clock

. ♪♪ ♪ straight ahead, still more amo questions than answers after the murder of tricia macau ansley.iller. ke we're learning more about hist brushes with the law. >> tension escalating between the president-elect and the mane he will relays. tensions build between the

daily limit has not changed and, therefore, those casino stocks have recovered which had exposure to macau walmart is down 31 cents. they're investing more than a billion dollars in mexico. but, e. mac, this is not exporting jobs to mexico, is it? >> no. this is about, basically, where does walmart see its growth? it sees it in mexico. basically, you're seeing flatlining store sales in the u.s., rising labor costs, so wall-mex, that's what it's called in mexico, has been a cash cow, sweet 9% bump up in sales there, so they're investing a lot of money in places like mexico. stuart: in the age of online selling, does anybody like walmart at $70 per share? scott shellady first. >> you know, i do like -- you know, when things are bad, i like walmart, but i think things, obviously like we've said today, things are getting better. i think walmart would struggle in an environment where things are on the upswing. i'm not really excited about it at 70. obviously, better prices are ahead, but not right here. stuart: okay. the daily story on amazon, here it is. [laughter] they are denying they have a