can be bigger than macau and manila. fact, we will be joined by our guest in 10 minutes or so to talk about what he is doing in tokyo. if we do get from the japanese government, they pass that integrated resource bill, we will be joined by lawrence ho in 10 minutes or so. and we will speak to someone from barclays on the indian gdp story in 45 minutes. notad a forecast of 6.2%, as robust as other people in the market. 6.3% growth when you look a gdp growth. the indian markets opened up. first reaction to those numbers. inflation came out of south korea and japan. have a look at my bloomberg chart to illustrate how it comes together longer-term. now that we have seen the data comes through, given the fact they had the hike in south korea yesterday, something to keep in mind. real rates have diverged between japan and south korea. the boj is not doing anything and inflation is picking up slowly. when it comes to south korea, we are getting a lot in terms of inflation. you would expect to put some pressure on dollar one mov

the other thing, macau is changing as well because the connectivity to macau.ong and macau will change. the most profound thing will be the bridge between hong kong and macau that will be finished at the end of this year, 25 minutes on the bridge. that is changing everything dramatically. kong,high-speed rail hong between guangzhou to hong kong. to honges shenzhen kong. everything changes. connectivity brings more people, makes it easier, and macau becomes an important part. also, the bay area, something beijing has been pushing and the hong kong government -- it combines 11 cities, 66 million people. it's amazing. million, macau .5 million people, suddenly 66 million in southern china connected my high-speed rails, connected by bridges, everything changes, so i look favorably on 2018. i think it will totally open up and cause a greater connectivity between all the cities around us, especially southern china. onhaad: we had charles li talking about these dual class shares in hong kong. >> it is a great thing. i was talking to charles before. i think it is time.

macau, all the operators are reinvesting in themselves.tive, in terms of the outlook in this particular market. there is demand in the future. you have fans reinventing and gutting out the older properties. an older property will be a london-themed resort. that will elevate in terms of its stance in the middle of that strip. resorts, mgmo new that will debut late january. m for the backj half of the year. a lot of things coming down the pipeline, with additional amenities like conference rooms in retail and entertainment, even in galaxy and melco. what should investors be looking for, more broadly. what is the biggest risk to the outlook? if you think about the way the market is now, vip toves topline and you have find a balance. you have to offer amenities, services that cater to the full on what that depends the market is like as you look beyond 2018 and further beyond. that is one thing we have to look for for each of the operators. is driving efficiency. if you look at tables in the market, it is cap and there are limitations. it is dr

macau says, pour me another.outai, next. ♪ david: you are watching "bloomberg markets: asia," and i'm david inglis. kweichow moutai is the world's largest liquor maker, yet it has ambitions of growing even more. we spoke exclusively to the chairman of kweichow moutai and he says he wants to bolster sales and even expand into financial services. >> in 2018, we will produce over 107,000 tons of liquor next year and the sales will equal this year's. to expand our financial business next year. we are already running a business company. we are now headhunting top-level executives to help strengthen our financial operations. our goal is for all businesses millionch a combined 100 yen. you see: which areas do those companies coming from? >> we are planning in the china -europe international exchange and our ecommerce business in shenzhen next year. going forward, we plan to list our agricultural company. our goal is to complete at least three ipo's by the end of 2020. we expected to improve our brand image as the world'

this includes south korea last north korea and macau and marshall islands. -- this includes macau and marshall islands. the u.s. tax overhaul also be discussed. >> it's also important that -- it will be a on theneral discussion impact it might have in the world economy. bitcoin could be one of the greatest shorting many.unities ever says bitcoin has been on a wild ride in recent days, currently trading at over $11,000 after plunging 20% at one point last week. find more stories on the bloomberg at top . been yet another volatile session here in asia. in and out ofbeen positive and negative territory 11 times. australia close lower. seng beingng hang weighed down by tech players. the csi 300 up by half of 1%. let's have a look at some of the a globalcks, including company in taiwan up by almost 6%. this is an export company in hong kong rising unexpected u.s. tax cuts. tucson bobcat is south korean construction. it has had an upgrade from korean investments. a little bit further for that stock to run. anna: thank you very much. briggs ignored -- brexit negotiations have had another

>> i'm also a buyer, you had me at best way to play macau, i love that place. >> i'm a buyer also.lly so bad, but his fundamentals are fantastic >> fair. >> technically so bad. >> fair. >> ouch. did tim's pitch make you want to take a gamble on the stock vote right now on our poll at cnbcfastmoney on twitter >>> elon musk is hinting a new idea is in the pelipine. stick around to see if our traders think the stock is a buy. >>> tesla ceo elon musk saying he's dying to make a pickup truck. shares are down nearly 10 percent in just the past three months the pickup truck would come after the model "y" which would be a crossover what do you think, gene? >> this is a big deal. it adds 15% to the addressable market for tesla more important, this shows how well positioned the company is to the next transition to ev i can't stress this enough, the big bear case on tesla right now is production. this manufacturing hell they're going through. when they're talking about doing the truck, what he's saying is i need to figure out the manufacturing issues and then we'll get to the pickup truck. im

rk: how important is macau revenues to say, las vegas?has been declining in importance over the years. if you look, it's gone to half as we look at it as half of total revenue. a few years ago in fiscal 2013 it made up 70% or so and meanwhile vegas has been about steady, coming in 28% to 36% and revenue growth has been tepid there. macau revenues have been declining as the company looks to perhaps diversify or look for other areas of revenue growth so perhaps maybe this could have been a little better but i'm sure they're happy about the revised forecasts regardless. vonnie: taylor riggs with our stock of the hour. thank for you that. rk: vonnie, emanuel macron's attempts to hold the euro zone are a part of a strategy according to the finance minister and joined francine lacqua in paris and she asked him about the time line for president macron's ambitious plans for europe. >> it will take time but the key point is the goal, what do we want for the euro zone? do we want the euro zone to remain only a monetary union or do we want the euro

to lose out on international business as a result of the campaign along with others like barbados macau and similar. now south african based furniture company steinhoff is tumbling after alleged financial misstatements the c.e.o. and the chief of african subsidiary star step back on possible cases of insider trading and manipulation of company results the dutch retail holding has its operational headquarters in south africa and is considered ikea's biggest competitor in south africa and operates retail and logistics companies the upcoming financial report was postponed indefinitely and shares of the multinational fell more than seventy percent at the frankfurt stock exchange. the us canada and mexico are locked in increasingly difficult negotiations over the north american free trade agreement all sorts of sectors could suffer if the deal is dropped which is what u.s. president donald trump has threatened again and again mexico has been busy growing millions of poinsettia plants for example known for their large bright red leaves and especially popular around christmas in many parts of

macau has emphatically denied being attacked haven -- a tax haven.says that the enclave is engaged in long-running talks and will illicit funds. macau is named on a 17 strong black list which features south korea the rain and the uae. globalist when for hours it am powered by 2700 journalists and analysts in over 120 countries. this is bloomberg. >> softbank making a harder push into china. the technology fund and , asia tech editor in tokyo. about thea little bit affiliated companies and exactly what the vision funds game is here. >> very actively investing in what sourcesctors , the onlinelling us lender has been rolling -- growing very quickly. online health portal that has been quite successful. they are headed for ipos. take and small stakes compared to uber and other countries. it may have some quick wins if the companies go public relatively soon. how does this fit when it is investing yeah they have really been a tech fund up till now. >> they have invested aggressively and a number of different areas and they are in take ast of this to stake

macau is on its way to see casino profits return to a high.ury and access, gaming revenue to rise 14% next year. gamblers expected to be the biggest driver. but tourists are expected to visit macau. two new casinos said to open next year. conquerorina's uber didi, to focus as a taxi hailing program. they will work with existing drivers. they are valued at $50 billion. uber halted taiwan operations in february, after opposition from the government and local drivers. betty: subaru executives will return part of their compensation after failing inspections. they will give up their salaries. the transport ministry outlining the causes of misconduct. subbarao recalled almost 400,000 vehicles in japan last month, after admitting issues that domestic plants. time for a quick look what is coming up in the next hours. we have our guest from jpmorgan. take a look at what is going on with the bond market. could be concerned about the flattening of the yield curve. one of the big moves on markets taking place, something to be looking out for. and what abo

and on the emerging markets theme, if you believe in gambling, you have to believe that macau will beig component of that. >> and wynn. >> and you believe in sin, carter, a guy like you >> that just rings hollow. >> constellation brands, stz, is bar none risk adjusted one of the best performing equities there is diago is double the performance of apple, mcdonald's, boeing if you had to pick one sin, also it's not bad stuff they sell, this is the one to do. >> the population is always growing. but in addition to that, we've seen consumption of a lot of these things also grow that's a secular tailwind. take a look, there's hardly any industry as stable as these are through good times and bad >> cigarette stocks, again, three months ago you had the fda hammering these companies, altria, i've been long it for a long time, went from 72 to 60. >> that's domestic >> that's their domestic arm in fact, again, they get a major benefit from this tax deal that stock crawled back, that is a great dividend yield these guys, they're some of the smartest players in the world. they've survived through

i'm joined now by keith macau he is a journalist at the times of malta based in the maltese capital well let's and he is good to have you on the show what more do we know about these suspects and do we know anything about their potential motives. so far the police have been and the other of these have been involved in more divorce so the client to comment well there were actually masterminds of the color though there were the execute their solo work out of the ten suspects rounded up to day two particularly being mentioned two brothers or their name is alfred and george the jaw drop the investigations are focusing around and what's interesting is that this evening the relatives actually the sons of difficult when it's you know have complained they should a statement saying this was more of a p.r. exercise out there then and investigation differently in that they only learned about what was going on from the media and they complained that they should have been kept in the loop about what was going on and they're practically accusing the prime minister he's doing it the other exists is som

in a gray area that a wall so be monitored among those nations there are countries like south korea macau panama lucia and even the united arab emirates so what do you make of that nickel what. well bart you're absolutely right so seventeen countries in the first ever tax haven blacklist you were announced today and as you as you said the problem here is they do you identify these countries are not having met international standards first of all and second had not demonstrated their commitment to end up coming months before the publication to align their their ways there is indeed an additional list of forty seven countries so the first list of seventeen countries was voted unanimously there's a second list of forty seven countries which are called the grey list and in those in those countries we have we have the developed countries and the developing countries so the developed countries will actually have to the end of next year or the end of two thousand and eighteen to demonstrate that they'll be up to the standards and those that are developing will have a bit more time to have an ext

can be bigger than macau and manila.in 10 minutes or so to talk about what he is doing in tokyo. if we do get from the japanese government, they pass that integrated resource bill, we will be joined by lawrence ho in 10 minutes or so. and we will speak to someone from barclays on the indian gdp story in 45 minutes. notad a forecast of 6.2%, as robust as other people in the market. 6.3% growth when you look a gdp growth. the indian markets opened up. first reaction to those numbers.

breakfast item >> mainly a breakfast item, but you can buy it all day depending on where you are in macauwhere they got the portuguese egg tart recipe, you can buy it all day it's something you generally see in the morning in terms of the overall expansion, alipay is also expanding. so that chinese travelers can use something familiar to them >> eunice yoon for us live in beijing. >>> still ahead a round up of the global market picture and the top stories. trending today, netflix is keeping tabs on its customers embarrassing streaming habits. who the company is calling out on twitter and why stay tuned no matter how the markets change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence. >>> the countdown is on. janet yellen janet yellen is about to kick off her final fed meeting of the year. >>> bitcoin blues, the cryptocurrency moving lower this morning. >>> and miriam webster out with its word of the year we'll

draft proposals, the list includes south korea, panama, tunisia, the uae, or betas and -- barbados and macau prime minister says the u.s. tax reform law will also be discussed. -- it will betant a general discussion on the impact it might have on the world economy. sebastian:ole -- deutsche banc has received a subpoena. which was received weeks ago of elijah's germany's biggest lender to provide documents detailing the relationship with the trump family. will be illegal unless it receives a formal request to do so. global news 24 hours a day powered by our 2700 journalists and analysts in more than 120 countries. this is bloomberg. let me just give you some information you will need. is one of a few affected by technical issues right now. trading on cash and derivatives. not impacted. the cac 40, if you are experiencing some individuals. -- experiencing some difficulties. techs get more on the selloff globally. a frantic rotation as chipmakers are really no again. a fifth drop in six days as investors switch into stocks more likely to benefit from the u.s. tax overhaul. the semiconductor sec

the stock of las vegas sands, one of the larger casino companies with a very important business in macauthat it mattered to the chartists, had repeatedly stalled at the 10-buck level, falling every time it hit, boom, boom, boom you know, just not working, okay but when the bulls finally broke out of the corral, there was no stopping them, and the stock gained relative strength after it pushed through, instead of regrouping to recover from the overbought status. that's a very rare pattern see this it stayed overbought, telling you good things were going to be ahead. it never retreated as you would have expected! buyers wouldn't quit, despite the stock being overbought, and that is a sign the strongest kind of positive move in the book might be taking place at any given time i'm expecting a pullback, but no, you had that gigantic, long-term overbought this stock proceeded to go from $10 to $48 pretty much in a straight line with no substantive pullback to speak of an overbought condition that can stay overbought is a golden opportunity for a huge move. look, we came right back to being ove

but is the valuation a little high if there's any missteps in macau, that stock will tumble down i'm not in it right now and i'm not chafing sing it right now. i'm waiting for an opportunity for a pullback if they've got growth in the right areas, and in particular like a boeing where you have all that cash coming in every quarter, they remain very interesting to me. >> there's not a valuation on there. i agree on wynn. best buy, always cheap, is less cheap but has had a great run. you can make an argument on what we saw on christmas. this caterpillar valuation is really difficult the d.r. horton move is mostly about that four-star acquisition. it cycles high on new home sales. these guys have a lot of wind at their backs. boeing ultimately is the valuation that i have the easiest time biting into right now. that erj announced deal, whether they take down that regional jet business, it shows who's driving the global aircraft business boeing is at the head of the game with enormous free cash flow >> given the synchronized global growth, copper at 3 1/2 year high, all signs pointing to

but her reign and the united arab emirates south korea macau and mongolia are also made the list and along with pacific islands such as the marshall islands and american samoa were alex cobb is the chief executive of international tax justice network and he doesn't believe that the e.u. has judged all countries on the list fairly the e.u. in the same way that the e.c. the operate is much better at looking at nonmembers than looking at it self but even with that construed could've played a level playing field to everyone else and instead what is done really is picked on the smaller weaker state you know it's isolated countries like libya mongolia which you know may have a bit of work to do in terms of their tax transparency and regulations but the idea that they're a threat to the text revenues of the european union is ridiculous it could have been a step in the right direction if they'd been seen to do something that could be built on them i think that having a sense that any sanctions that they want him to use would be illegitimate at it stands i think it's clear that they haven't t

skiing is also been taking place in china the second moguls event of the season was won by canadian macau kings for a victory here for an extended lead in the world cup standings to ninety points in the women's contests trailing cause of the usa with victoria there are four more moguls events before the start of the olympics birmingham has been officially announced as the host city for the twenty twenty commonwealth games is said to be the most expensive sports event in britain since the london olympics and twenty twelve this follows the decision in march to strip the south african city of durban as hosts of the multi-sport competition they would have been the first african city to take charge of the commonwealth games since it began back in one nine hundred thirty. wildcard when hope solo is one of eight candidates named on wednesday for the presidency of the united states soccer federation five hundred fifty voters will elect a replacement for outgoing leader sunil gulati at their annual meeting in florida in february was a big day of announcements as well as major league soccer awarded

the north koreans learned in 2005 when the united states sanctioned bank of macau that they should not have all their operations in one place. while they have the majority of their operations in one country, its diverse. the question for the chinese leadership is how long are they going to look the other way? i agree with what the other panelists have said, that china has very little political leverage, but with the amount of trade they have with north korea, it's hard to claim, as the chinese continue to do, that they have really no leverage with north korea. the issue is going to come down states is going to have to use its own sanctions to get them to act. we do not have a lot of examples because, as i said, there have not been a lot of examples of the u.s. sanctioning china, but in some cases where the u.s. has acted first, the chinese have followed that with investigations and looking into the activities. we will have to see more of that. the chinese are ready to do that on their own nationals, but we have to get to that point. to take thisng opportunity to coin and trademark the

also leaving it with when macau. the comeback we have seen has been more positive than expected.k you for that market rent. very interesting moves. breaking news out of new zealand, we have a new central bank governor there, starting march 27. rbzan orr, the new governor. that basically says it all for you. you would be taking the helm on the 27th of march next year. across the markets, to see if we have any reaction as we head into the latter part of the trading session, not a lot of movement. 68.62 is the kiwi dollar at the moment. there we go, the top for the rbz. take a look at bitcoin, futures began trading early this morning . zealandrve bank of new is the latest to mourn investors that we should be wary of the cryptocurrency the acting avernor says it looks like bubble and history shows it is never clear how far a bubble can grow before it pops. >> it looks remarkably like a bubble forming to me. we have seen them in the past over the centuries, we have seen bubbles, and this appears to be a classic case. come up with a bubble, you don't know how far it will go before it c

the north koreans, they learned in 2005 when the united states sanctioned banko delta asia, banko macau they shupet have all their operations in place. while they have it in one country it's diverse. the question for the chinese leadership, how long do they look away? i agree what the other panelists said, china has very little political leverage, but with the amount of trade they have with north korea it's hard to claim as the chinese continue to do that they have really no leverage with north korea. it's clear that they have leverage with north korea. the issue here is really going to come down to the united states is going to have to use its own sanctions against china to get them to act. there hasn't been a lot of examples to the u.s. sanction in china but in some of the cases where the u.s. has acted first, the chinese have followed that with investigations and looking into the activities. and we're going to have to see more of that. i don't think the chinese are ready to do that on its own -- on their own nationals but we have to get to that point. todd: i am going to trademark th

police in kiev have again arrested macau saakashvili he's the former georgian leader who's become an anti corruption campaigner in ukraine and a thorn in the side of president petro poroshenko his recapture comes days after he was dramatically busted out of a piece by a mob of support to. huge wildfires raging through southern california have forced around two hundred thousand people to flee their homes multiple blazes have destroyed hundreds of businesses and much of the state's valuable avocado crop fire crews are stretched but unrelenting winds raise the prospect of the fires last thing until christmas. britain and the e.u. get one step closer to a divorce or exit negotiations can now enter their next phase but the hardest part of this break up is likely to come i'm sara harman in berlin and this is the day. that. sufficient progress as you know be made to reach terms of evil. getting to this point has required give and take on both sides the whole things that you really are it's a significant step.

police in kiev have again arrested macau saakashvili he's the former georgian leader who's become an anti corruption campaigner in ukraine and a thorn in the side of president petro poroshenko his recapture comes days after he was dramatically busted out of a police van by a mob of support to. huge wildfires raging through southern california have forced around two hundred thousand people to flee their homes multiple blazes have destroyed. hundreds of businesses and much of the state's valuable avocado crop fire crews are stretched but unrelenting whens raise the prospect of the fires last thing until christmas. unimpeded access to education and knowledge and the same opportunities for everyone. a central goal of the global community but what's the reality on the ground education for all d. w.'s multimedia special relates personal stories and highlights extraordinary projects the world over find out more on the internet g.w. dot com education for all.

police in kiev have again arrested macau saakashvili he's the former georgian leader who's become an anti corruption campaigner in ukraine and thorn in the side of president petro poroshenko his recapture comes days off to his dramatic teeth busted out of a police van by a mob of support to. the polish parliament has approved a controversial overhaul of the judiciary m.p.'s have cost two bills that would give the ruling law and justice party effective control of judicial appointments and the supreme court critics say the move is an erosion of judicial independence. britain and the e.u. get one step closer to a divorce or exit negotiations can now enter their next phase but the hardest part of this break up is likely to come i'm sara harman in berlin and this is the day. sufficient progress and as you know be very well district terms of evil. getting to this point has required give and take on both sides the whole things that you believe it's a significant step forward i very much welcome the prospect of moving ahead to the next phase this is the point.

police in kiev have again arrested macau saakashvili he's the former georgian lady who's become an anti corruption campaigner in ukraine and a thorn in the side of president petro poroshenko his recapture comes days after he was dramatically busted out of a piece by a mob of support to. huge wildfires raging through southern california forced. around two hundred thousand people it's a fleet that harms multiple blazes have destroyed hundreds of businesses and much of the state's valuable avocado crop fire crews is stretched but unrelenting whens raise the prospect of the fires last thing until christmas. crime fighters the new season of radio crime thrillers begins. in. motion domestic violence cyber crime and human trafficking for investigative cases that keep you on your toes right fighters stories of the best idea ever so every young person needs to listen to crime fighter and shout tell a friend tell a friend to a friend crime fighters don't miss it. time boxing is why.