tom mackenzie is that baidu world in beijing. of the devices we might hear about today? one of the key devices they will be unveiling is the first hardware. they are a search engine company, primarily. to launch their first piece of hardware, they are excited. it is a smart device, an ai-device. possibly around entertainment space. it will be launched around 11:00 a.m. they will be doing a big push on their ai platform. one example, a system they can put inside cars to detect whether or not a driver is getting drowsy or falling asleep, and they can alert them to avoid an accident. they will be giving the keynote speech around 10:00 a.m., laying out the strategy, moving away from the search engine and more toward ai. it will be powering newsfeeds and video. but also autonomous vehicles. they have worked with china's big car producers. they plan to unroll it by july of 2018. yvonne: what are the challenges facing baidu? last year there was a regulatory scandal. leading up to the party congress, they had restrictions when it come to

. >> david mackenzy in the streets there of harare. we continue to monitor what is happening behind you. thousands of people, many people who knew no one other than robert mugabe as that nation's president. again, as you mentioned, he's been president for many decades there. talk to us about that. this rally that we're seeing, it's being allowed to happen, as you point out, and it has support as long as it remains peaceful. >> that's right. there's something extraordinary like this. you can't see it in camera, but all around town, there are military vehicles keeping the peace here. you don't see police mir on the streets and i can bet you the people here behind me will say, you know what? the police sometimes are -- in downtown. the situation is peaceful, the people are holding zimbabwean flax. they say the mu bat bay must go. grandfather the bob needs to leave office that sign says. you see a multi racial crowd out here. you can't stress how significance this is. you have war veterans, members of the ruling party, open sis members. th

tom mackenzie, thank you, joining us live from beijing.ion industry is due for a revolution of its own. major manufacturers are ready to develop the artificial intelligence that will one day allow flying taxis and pilot-less planes. airbus says china is a fundamental part of the strategy and has set up its first chinese innovation center in shenzhen. the chief technology officer called the pearl delta tech hub the silicon valley of today. i think one of the remarkable things is that shenzhen has been called the silicon valley of china, and i disagree with that. if you look at silicon valley in california, there is very little silica and -- silicon that happens in silicon valley. today, it is mostly a software and web services-based innovation ecosystem. shenzhen is rightly the silicon valley of today, because it is where the hardware innovation takes place. of course, it started with has really, but it expanded in a lot of other areas. in -- then company biggest drone company in the world, grew up in record time. technologies,ther which ar

mackenzie a key for report for c.b.s. four news in denver colorado thank you now to some of the other stories making news around the world today. she has visited the conflict torn areas of iraq kind state for the first time as myanmar's leader she met with officials then headed to written job muslim villages her government has said it's working on repatriation plans for the hundreds of thousands of britain just who have fled ethnic violence britain's defense minister michael pollan has resigned after allegations emerged about inappropriate sexual behavior fallon said in a statement that his conduct quote may have fallen below the high standards required of the armed forces is departure is the latest twist in a growing scandal over abuse in the u.k.'s corridors of power position. now some members of catalonia ousted government will appear before a spanish judge today they are to be questioned in a probe into the region's declaration of independence catalan lawmaker romana or if it is one of the lawmakers a suspected to giv

on joined now by mackenzie a keeper reporter for c.b.s. four news in denver colorado she's in thornton and has been at the crime scene as well as at the police department mckenzie thanks for talking with us the shooter is still on the run as we just heard there must be a huge police operation to find him now. absolutely our reporters who were seen earlier this evening cycle have those. police presence as i. think again early the clock right now to find this shooter i'd like to see the good reason they made a fortune out of one of our cars and they do say they don't have a license plate of the vehicles as being in the media to try to figure out where exactly this person may be i am currently. headquarters and they have my duties and dozens of witnesses to the police department from one large city are to spending a lot of time interviewing each of those witnesses to see what people full of people stuff is eventually that could possibly have any information about the check to night and we do know that he is in the room right now in the police

i'm tom mackenzie.s is bloomberg. ♪ haidi: backs so much for that. japan's economy has shrugged off a recent dip in consumer spending on the longest stretch of uninterrupted growth in 14 years. in thenomy expanded third quarter slightly below forecasts of 4%. take us through the results of and some worrying spots you are seeing. reporter: the exports are feeding into the domestic economy. we are seeing a pickup in business investment, which has risen over the past four quarters. that is positive. spending has shown signs of recovery this past quarter, but economists and the government blame poor weather for that. week,certainly remaining but it -- it has certainly remained weak, but it had been looking up. there are other conditions supporting growth at this time. is their weakness across consumer inflation? to go with what haidi is saying, how does that all fit this, and what are we looking at ahead? reporter: wage gains are still pretty modest at best. there are some signs they are starting to feed in

tom mackenzie joining us from the forbidden city in beijing.us more about these deals expected to be announced this week. yes.that is a big-ticket deals expected today, we will get a signing ceremony with both presidents. so far, the deals we had penciled in our around energy and industrial sectors. involve existing partnerships between u.s. and chinese firms. the proof will be in the proverbial pudding. it does come as trade flows and m&a started to soften, around 48%. if you go to your terminal and bring up fsla, you will see it has slumped to this year. there have been restrictions put in place here in china around what kind of deals chinese companies can make, particularly around entertainment and sports. a the u.s., you have president eager to focus more on national security, he has vetoed a couple of deals the chinese would of liked to seen -- to have seen. for example, around semiconductors. today,expecting big deal particularly in the aviation sector. in town.he boeing ceo and energy, a big company looking to invest in texas infrastruct

tom mackenzie is at the airport and tom, how is china southern broadening its horizon?ng interview exclusively with the president of china, they are shifting their strategy, they have quartered -- cornered the market. as you really point out, it is about this airport being built out in the south course of the south of beijing and it should be opening in 2019. it will offer china southern about 40% of the stocks. they are expecting 100 million people, passengers will pile through these efforts and when it does open, it shifts the ground under the feet of the big state on airlines. they are adding routes to the u.s., european union countries as well. in terms of the u.s. flights, they are hoping that their partnership with american -- they hope it will help them expand on that front. that is something i talked to the president about. you invest in each other. is not semi-but the meeting is clear. i think on the one hand, we want to keep their regulations guiding. them -- theet market between china and the united states, the market is the biggest. we need strong support. w

tom mackenzie, bloomberg, beijing.ing up, tencent a blowout quarter with its fastest growth in seven years as wechat plans a newly one billion smartphones in china. we will discuss the company's growth story. an online carlin provider back by tencent made his debut in hong kong. we will catch up with the ceo next. this is bloomberg. ♪ ♪ emily: in china, tencent posted the strongest growth in seven years. they posted a 61% rise in quarterly revenue. tencent is writing success of videogames and expanding internet ad business. the earnings comes after the vital percent stake in snap. peter alstom joined us from tokyo. deter: tencent has surprising growth. the fastest revenue growth since 2010. also on profits, they blew past the estimates on profits by about 14% on a gap basis, which is substantially greater. analysts are having a hard time understanding exactly what is going on. a lot of this is driven by their instant messaging services. they have we chat, which is now up to almost one billion users in the country. that

tom mackenzie has been in guangzhou. notits manufacturing might, a tech and innovation hub. what are people making of this plan? >> you are right. i spent a week talking to executives and going into the factories to see how they are moving up and implementing automation. we did that at cointreau auto, -- guangzhou votto, a pharmaceutical company, so we are moving away from the production of cheap textiles to a high-end technology manufacturing push. aret of the executives optimistic and see this as a great opportunity. this region is growing quickly with a lot of dynamic, innovative companies. willbelieved that bush help to underpin and sustain that growth. one executive is the president guangzhou auto, helping with branding, attracting talent, but to grow domestically and internationally. opportunity golden for guangzhou automobile group under this national strategy and government support. capital, talent, and advanced technologies will converge in this region, which is key to integrate resources from across the globe t

by mackenzie it gets us into so yes it. is this d w news live from berlin u.s. president on one chunk backtracked on comments he made about russian election meddling trump has now said he supports u.s. intelligence assessments that russia tried to influence last year's presidential election his comments in vietnam come a day after he announced he believed russian president vladimir putin when he said that russia did not meddle also coming up. the spanish prime minister mariano rajoy visits barcelona for the first time since imposing direct rule we'll find out what it means. plus a first for the arab world the live album dobby opened its doors to the public the billion dollar project promises to act as a bridge between east and west through the medium of art. by michel henery welcome to the program. president donald trump is due to arrive in the l.a. to attend the asean group summit it's the last leg of the president's asia tour the summit and the president's arrival have sparked protests in the philippine capitol police use riot shields and water to disperse dem

thank you senator mackenzie for her question. australia welcomes the reports that syrian democratic versus, with the support of the international coalition, has retaken raqqa in syria. while the majority of the city has been liberated, there are pockets of different resistance remaining and areas of the city still remain unsafe for civilians to return home. this is important progress. the actions have been appalling. the use oppression and retaliate to rule their territories. when local forces came to 5 -- daeshfight daesh, indiscriminately used improvised explosive devices around the city. victory in raqqa will worldwide.aesh battles.e been tough many syrians have lost their lives fighting terrorists during these operations. the syrian democratic forces are also to be commended for their determination, and we acknowledge their losses also. after this fighting, the stabilization in raqqa will take some time. the reestablishment of both institutions and the central services is critical to ensure that citizens are able to return an

mackenzie says in crises, dogs run to their owners, while cats run away. >> that's why we see more cats come to us, than burnt dogs. >> reporter: then there's this. >> about 130 coy fish. >> reporter: fish. you rescued fish. >> yes, we did. >> those fish are at the university of california davis, receiving treatment and care. >> reporter: as you look through the photos, and you don't recognize your missing pet, keep in mind, all of these animals have gone through a horrific firestorm, and many like this one, don't look the same, but do continue looking. >>> good halloween evening to you. meteorologist paul deanno live from burkely. i've got your halloween forecast with rain in it coming up. >> a grocery store worker brutally attacked trying to stop a shoplifter. employees worried about the violence. >>> it is time now for our halloween forecast. >> it's halloween. paul's in berkeley, and looks like he had a charging cow behind you earlier. >> there was a dancing cow just a few moments ago. we have a lot of costumes, because it's halloween. we've got to have fun on halloween, and mother

tom mackenzie reports.o and cofounder robin lee detailing squarely on artificial intelligence. ai not just the power the search engines side, but his video content and increasingly pushing the autonomous vehicles space. it is partnered with a number of carmakers in china. also a bus maker. it expects of the company to run on a fully automated bus in july of 2018. robin lee also announcing his desire to push into smart ities. and launching a hardware product, an ai-powered smart speaker system that you can deploy in your home and connect to other devices, and it will be voice-activated and controlled. baidu is making the shift because it is facing increased pressure when it comes to revenue, particularly on spending for the likes of tencent and alibaba. baidu says they have an advantage, which is a treasure trove of data in the search engine business. were they have about a 70% market share. they said that will help them deploy the kind of ai products that we can use in our homes and in our day-to-day lives.

tom mackenzie is on this story. good to see you. you're already in beijing.hat is on top of the agenda there? it's risk and reward, trade versus north korea. what do both sides hope to achieve? the trade numbers are really important for president trump. it's a big bugbear of his, the deficit. about $223 billion, that's a surplus china has with the u.s.. want to see some measures taken by china to address that. geopolitical issues top of the list in north korea. we heard from donald trump to cuthe wants china themselves off from north korea. they may as china to stop exports of oil to pyeongchang, though that seems unlikely at this stage from the chinese perspective. president xi wants more clarity on the investigation of the -- intellectual property going on in washington. forget there's a personal relationship between president xi and donald trump. he said he is looking forward to congratulating him on a great political victory a couple of weeks away. the he get a tour of provision city behind me? he will sit down with president xi and his wife in the forbid

. -- tom mackenzie joins us now.argestf the country's drugmakers see the opportunity on a number of fronts. they also see an opportunity around china's aging population. more publicsh for and private ownership when it comes to hospitals. they are trying to shift away from making and supplying drug to the market and also owning the dispensaries. an entire ecosystem is what the chairman described. i started by asking him about sales this year and where he sees this going next year. take a listen. exceedsales are set to 100,000,000,001 by the end of the year. by 2020, we expect to reach 150 in one. on -- goal is to join the health of fortune 500 within three years. the club of fortune 500 within three years. chinese customers in patients don't have access to drugs that many people in other parts of the world do. how much of an issue is this? oututhorities have carried extensive reform in the drug approving system. for instance, the process has been set up over new policies. there's a big drive to the new drugs on the ma

by mackenzie it gets us into sas it.

joining us now is bloomberg's tom mackenzie. he's in beijing.hat are some of the factors behind the slightly softer data? comehave been expected to in at 10.5%. a fairly significant miss at 10%. it is chian. so, there's an element of disappointment around that. there are a couple of factors though. we had this massive shopping festival over the weekend, a single they shopping event, and maybe, customers had their shopping spree put on hold until that had happened. hwe are having a pickup in inflation, softening wages, and putting caps on the housing market. that could put more important pressure on the chinese consumer client. as in terms of industrial output, we did see the numbers that led into it. we will get a slightly suffer ofter open. we've had a couple of factors, particularly a really tough dreams,n on some .specially in the arctic you mentioned the one market. we hear likes of amz, we will get a lot more pressure from the ball event. policymakers appear to be connected to this. barclays says growth is likely to be strong in 208. yes, i

manus: thank you very much, tom mackenzie on the ground tracking china.very nuanceacking of what he said in each country. this wraps up everything that trump has said. china will welcome the active participation. this is the carrot, the rapprochement tween the two. on the face of it, this is a good rapprochement between the two. elegantlybeen in managed event so far. $250 million worth of deals have been signed at the meeting. it's giving off the right, positive signals. anna: elegantly managed, i like that phrase. one of the key sticking points for u.s. businesses is around market access. we heard about electric vehicles, but it's relaxation of those rules that some people have been calling for, as we've been heading into this. any sign that china might losing any of that are ramp up the pace that it does so would be taken well by the west. stephen: it significant in that regard because china would welcome some limited investment there. the way that china has set up asian trade, that seems to have gone those two blue will but the u.s. has held themselves

for that we go to tom mackenzie live on the site. is each side hoping to achieve here?ront and center for the americans is that trade deficit that they have with china. we saw the latest numbers, the first 10 months came in a surplus for china versus the u.s.. 223 billion u.s. dollars, this has been a major gripe for president trump over the last few months. he says the trade relationship is unfair and unbalanced so he wants to address that to see if there are measures china can put in place to shift that had different direction. then you have north korea which looms large. we have heard from the state department that it is likely the u.s. will put pressure on china to implement section -- sanctions that are on the ground to ensure the stranglehold on north korea remains in place or tightens. the chinese want to see they are also concerned about some of these investigations there going on in washington when it comes to intellectual property violations. and also aluminum and steel exports. there is the personal relationship between them and the chinese will be rolling ou

bladder they took a biopsy of the tumor that was blocking my lower bowel and then it being a little mackenzie but as you know beau biden vice president biden's son served in the military and he served in iraq and he was in perfect health shortly after we have home within nine months he started getting sick he had a brain tumor. and he eventually died from the brain tumor the same type of brain tumor that many of the soldiers that are sick from the four inputs are complaining about same type of cancer there's a lot of circumstantial evidence that points to you know his death may have been cause from the burn pits. it just didn't make sense it didn't make sense that my young healthy husband had cancer and then it turned out there were two types of cancer how is it not that our pets is not a type of cancer for a young twenty seven year old guy to have because first he didn't smoke he never smoked he's not a drinker and usually that's the type of cancer that older gentleman who smoked for a long period of their life should tobacco or drink the doctor he said it was. chemical exposure. our troops

speaking to tom mackenzie who joins us from beijing.ing together ai with advertising. i can't get my head around it. of course it comes down to big data in many respects. they have a gold mine of data from their different business portfolio. videorse, including gaming, entertaining, sports, online and off-line. they take that data and create tools -- and these are being worked on by their ai lab. visualization, data visualization, voice recognition, and other ai tools that they can combine with this data. curaten use it to content, around videos are gaining, but also to create more targeted advertising. this is really something of a revolutionary approach that is going on now. tencent has a lead in this. he's worth listening to because he is overseeing a pickup in advertising revenues for the company. from 270 million u.s. dollars to about $270 billion. of course we saw in the third quarter results they ticked up 48%. they're looking to china as china reshapes the digital advertising landscape. take a listen. advertising isd that the be

by mackenzie it's as if i say i said.

kpix 5s photojournalist mackenzie stock has the sights and sounds.. from sonoma. >>> some first responders got a special view tonight. >> the special sights and sounds from sonoma. >> i just wanted to say thanks to all the firefighters who served our county and helped us get through these fires. >> we are very proud of our communities and all the service members who work so hard for so many days. >> it's really nice to see how the community will help the first responders. i really think it will help them feel good. >> and they keep our community safe and suggest us looters. everybody is together, giving the thank yous for the people who saved our town. >> pretty cool. the kids said it. >> they were probably all watching the world series. >> we saw that. >> how good is this world series though? >> it is so good even michael meyers took halloween off to watch it. thank you, i'll be here all week. three years ago sports illustrated picked houston to ♪ what if home security was different? what if it looked different? what if the measure of working, was th

by mackenzie so. zimbabwe's military has seized control of the country but denies it has staged a coup ninety three year old president robert mugabe and his wife are under house arrest but soldiers who seized control of the state broadcaster have said the couple is safe in military the.

paula, her 4-year-old son jackson and 1-year-old mackenzie. they live in maryland and this is about to be quite the adventure. >> going over the river and through the woods? >> well through the woods and on the plane because they're headed to california, but before we go, we got to go over a few things. >> i need you to listen. i need you to pay attention. and i need you to like stay with mommy, okay? because we're going to be in an airport, and most of all i need you to behave. >> that look he just gave the camera says, nope, i've got other plans, mom. >> it's going to be impossible. >> great. >> i'm excited! >> jackson is super excited! so up, up and away they go. >> a long flight for a couple young kids. >> it is but they made it. now the next morning, time to get the ball rolling. >> where is grammy? >> in reno, nevada, hanging out with her hubby because it's her 50th birthday which is why they snuck into town. paul is making breakfast, jackson is playing games with uncle nick. >> sounds about right. >> yeah, i got him. >> everybody get re

paula, her 4-year-old son jackson and 1-year-old mackenzie.ve in maryland and this is about to be quite the adventure. >> going over the river and through the woods? >> well through the woods and on the plane because they're headed to california, but before we go, we got to go over a few things. >> i need you to listen. i need you to pay attention. and i need you to like stay with mommy, okay? because we're going to be in an airport, and most of all i need you to behave. >> that look he just gave the camera says, nope, i've got other plans, mom. >> it's going to be impossible. >> great. >> i'm excited! >> jackson is super excited! so up, up and away they go. >> a long flight for a couple young kids. >> it is but they made it. now the next morning, time to get the ball rolling. >> where is grammy? >> in reno, nevada, hanging out with her hubby because it's her 50th birthday which is why they snuck into town. paul is making breakfast, jackson is playing games with uncle nick. >> sounds about right. >> yeah, i got him. >> everybody get ready. her

. >> reporter: michael is a partner at mackenzie global institute a san francisco think tank. he says no one is immune, not even the boss. >> maybe 25 to 30% of even what a ceo does could be automated. >> reporter: any repetitive task or predictable active is in danger. on display at techcrunch, machines ready to rumble. a gardening bot that destroys only weeds. ai-driven kitchen assistant that cooksburgers to order. >> 150 burgers an hour. but we believe over time, it can get up to 300 burgers an hour. >> reporter: or an ai investment service driven by watson. >> we are analyzing over 6,000 u.s. publicly traded companies and processing over a million news articles a day. this is more than what an army of research analysts at the largest investment bank can do. >> reporter: on stage, this expert. he told the crowd how a stanford student trade ai software to find dangerous skin cancers as accurately as the best board certified dermatologist. >> even highly paid repetitive like a physician, a medical doctor, like a lawyer, eventually machines can pick up on the patterns and do i

by mackenzie it gets us into say i said. this is news live from berlin president trouble arrives in vietnam ready to get down to business the u.s. president says that his country will not tolerate unfair trade practices and a scolding speech to the region's business elite but will they fall in line or make their deals with china. also coming up france's president makes a surprise trip to saudi arabia for talks with a duly powerful crown prince this as the proxy fight between the kingdom and iran touches off conflict across the region. plus an american city cleans up its act climate to go cedars and the german city of bonn can now look to pittsburgh as a model for green jobs and renewable energy. i'm sorry kelly welcome to the program thanks for joining us u.s. president donald trump is in vietnam where he says that he will always put america first when it comes to trade he's been speaking at the apec summit where he told asia pacific leaders that he is open to bilateral free trade talks with all of them but he said that the

i am joined now by tom newton dunn, the political editor at the sun, polly mackenzie, nick clegg's formerstatemans‘s special correspondent. good evening to you all. first of all, let's begin with bertie ahern and the words of warning tonight on a hard border, and that idea that there is i% who could make this very difficult. is it your hunch that like bertie ahern, something will give in the next month on ireland? i think this is the worst crisis which could hit the brexit talks. this is between a rock and a hard place now. there is no way the british government could succeed two state there is no way the british government could accede a two state system and no reason that leo varadkar can go back. leo varadkar is under his own political threat from sinn fein. new irish elections could come round the corner any minute and he will lose seats to sinn fein who will beat him up unless he goes hard. if he goes hard and the eu decides to push for this hard border which she doesn't want, we end up with their hard border in northern ireland. will this ever happen? the problem is the policy aims

was the president speaking exclusively to tom mackenzie. be -- well, tackling pollution is high on the chinese agenda. the market is reaping the benefits. more about this with james chao, joining us in shanghai. it's fascinating. is this the kind of cooperation you see across the market once you have government backing for policy? we saw this with solar power in china. of going toonger much further into green energy and green cars at the moment? >> absolutely. and part ofanger, it is that there is massive cost involved in terms of the subsidies placed on these electric vehicles. deriving theidies sales of electric vehicles in china. half a million so far sold this year. expensive toery the government. the long-term outlook is still uncertain in terms of what the results of this electric vehicle national policy will be. anecdotally, so many people decided to buy an electric vehicle even though there were plenty of other normal cars because it was cheap and you could get a free number plate you could use on the days you can't drive your other

francine: thank you, tom mackenzie. joining us.th for china, whatk at is the one question that needs to be addressed over the next couple days? are we actually going to get down to business on what it means for trade? >> i think something china has that is underappreciated is the scale of the financial asset markets, and the access to them, which is something that needs to come on the agenda. if you look at the bond market in china, it is a 10.8 trillion dollars bond market. that is held by overseas investors. compare that with the u.s. market, it is 35% held by non-u.s. investors overseas. iny are deep asset markets china, but they are underdeveloped and more importantly, they are harder to access my non-chinese-based investors. opening that from an asset manager's point of view, is interesting. it will be interesting to see how that plays out. francine: how much do we understand that this is a win-win for the president, that he needs to get away from the troubles back home? >> you know, between january and august, the

i am tom mackenzie with first word headlines.territorial disputes in the south china sea. the president is now in the philippines for a series of asean meetings on regional security. shipping point on lanes that contain oil and gas reserves. trump says he is a very good mediator and a very good arbitrator. bank sayss central improved expectations for demand are driving a pickup in nonmining investment, helping to support the economy. upward trajectory over the past couple of years has been solid. in real terms, such investment is 30% higher than 10 years ago compared with 3% in japan. the philadelphia fed president is the latest policymaker to all but confirm a rate hike before the end of the year. he said the move is "likely penciled in" and that he would be comfortable with three hikes in 2018. he also said the eventual size of the fed balance sheet has yet to be determined and the unwinding will be boring and run on autopilot. joking new delhi is so bad that united airlines has suspended flights. minister has described conditi

tom mackenzie is with us in beijing. not insignificant when it comes to the retail sales, increasing 10% for the month of october. the survey had been for each ofece -- for an increase 10.5%. some of the other top lines we data cameg, 60 asset in line with expectations, an increase of 7.3% year to date. that was in line with expectations. a smidge below what we saw in september, 7.5%. industrial production came in at 6.2%, just below the estimates of 6.3% and below september's number of 6.6%. let's loop back to those retail sales. an increasingly important part of the economy is the heavy industry side of slows down marginally. we did see that blowout number of the singles sales, more than $25 billion of sales over the weekend. there has been a question as to whether or not softening wages and a pickup in inflation to soften1.9% will start to the upside for chinese consumers. still double digits, still a fairly strong number, but not insignificantly off that forecast. in terms of industrial production, we did see the oct

tom mackenzie is live out of beijing, he joins us now. the parade, the chinese president -- u.s.sident and chinese president made their way into a great hall. a lot of talk. pomp and pageantry. it seems to be the chinese playbook on this trip. they played up this state visits, plus, as they described it, roll out the red carpet, make a song-and-dance. comments about the way the -- that trump was hosted last night, the way he is president -- treated by president xi, saying he had a personal chemistry with the chinese leader, despite the fact said, the trade balance was imbalanced and they can work together to solve not only chinese and u.s. problems, but global problems. president trump saying, possibly even more global problems. we get these executives, 20 or 30 u.s. executives who have traveled over with president .rump they have been working behind the scenes for many months. we were there last night for a joint venture -- venture. we will get a bit -- bigger number of deals out shortly. great response we have seen so far, crossing the wires with this alaska deal. a couple of o

angie: tom mackenzie is talking with the company's president, saying it is poised to inter-the u.s.nter the u.s. market. >> we are aiming to enter in the u.s. market in 2019. this is a crucial move for guangzhou auto. hasinternationalization just taken off and we have laid the groundwork and carried forward car sales and service operations and 14 overseas countries this year. entering the u.s. market will be a huge breakthrough for guangzhou auto, because if we path ofreach a grant globalization, establishing a brand in the u.s. and winning trust of american consumers will have a extraordinary symbolic significance to us. >> you obvously chose the name along time ago, well before donald trump became president, but he is a controversial figure to say the least. for your brande income or a drawback for your branding? >> we will definitely choose a name that american consumers are totally comfortable with. if american consumers think our model's name is to simmer to a certain president and therefore have mixed feelings about our products, we will then pick a new name. fiat chrysler is

. >> mackenzie is at the airport.th to tell us how china southern is trying to broaden its horizons. >> i am on the edge, the cold edge of this new airport being built about 1.5 hour south of beijing. as you say we spoke exclusively to the president of china southern. he is very interested what is happening here because he is based in guangzhou. this airport here when it opens is going to give china southern -- it also was to expand cooperation with american stakees which bought a 3% in china southern this year. it is all about this airport. that 13 billion u.s. dollars on it. china southern will get a 40% stake in that is key because there has been a crunch in terms of capacity. >> it is not only the airport, it is a new strategy for china. [inaudible] if the new airport finished, according to our calculations, i believe we can double the flights. least 240 or 250. china southern will account for -- i believe we will fly with a new airport. >> wenzhou is expanding its own airport, how much of an advantage is that goi

tom mackenzie in beijing joins us for more. is this something the imf has been pushing for?for greater reforms in china, but also when it comes to the financial markets and institutions here. yes, this will be part of the package that the imf has been pushing for. lagarde in vietnam on setsidelines of the apec this show chinese policymakers were confident and willing to open markets here. take a listen. isthe fact that it considering to remove at least partially those barriers and to move above the threshold of 50%, then gradually to eliminate those thresholds, that is an indication of openness and better strength and confidence in their own system. tom: christine lagarde ,ommenting the news on friday these plans laid out by chinese policymakers to remove the 25% on foreign ownership of banks and allow foreign institutions to increase their stakes and have a majority ownership in their joint venture stakes. this has been welcomed. we have been hearing this morning and friday afternoon from j.p. morgan, morgan stanley, and ubs, saying they are looking forward to more -- this.

tom mackenzie reports.drudgery of your daily commute could be near an end if these taxi drone makers get their way. >> we have the permits and our taxi drones will be seen flying in dubai and other places public ly. tom: where do you see the biggest opportunities publicly? >> definitely commercial use and human carrying drones. we're only at the beginning stages of large-scale usage of drones. the passenger drones had just come to the attention of the public and our company has just shifted our attention from technology to the commercial side as we see huge opportunities in the global market. tom: is the biggest challenge the regulatory market? is that still the number one obstacle you have to get over? >> the civil aviation authority in uae and china have given us the green light for testing. in china, the u.s., and many other places, policy makers have put us in the center, working closely with us every day on regulation. this is already very unusual. tom: is china your prime focus or are you looking over

tom mackenzie has been following this and is now in beijing.aking to the region's largest drugmaker. so tell us where the opportunities are for this company. >> this is guangzhou pharmaceuticals, one of the largest drug companies in china aed in guangzhou and they see number of opportunities based around key areas. they are heavily automating their factories and production lines. they have teamed up with madea group and are starting to put factories to in automate production of drugs. they are also teaming up with a company around artificial intelligence. the other area they are excited about is china's demographics. the large numbers of people now with cancer and diabetes, a strange thing to be excited about, but that does provide some opportunities. there is a push by china's policy makers to allow some drug companies to get involved in the private sector around things like private health care, hospitals, and nursing homes. pharma once to create this ecosystem to create a disconnected system of health care products. that is something i starte

rishaad: thank you, tom mackenzie in beijing.ere will be full coverage and analysis of president trump's trip throughout the show. hisssador will join us with views on the talks so far. will have the ups regional president. this is bloomberg. ♪ rishaad: your back with bloomberg markets. this week in the geopolitical spotlight switches to vietnam as global leaders gather for the apec summit. our chief international correspondent haslinda amin is there for us. themes we aren looking at over this weekend? >> it's all about trade. this meeting is set against the backdrop bond of urgencies in trade and policy around the world. the aipac headset it's a very complex situation and it's getting more and more difficult to find common ground. it's precisely because of that that several trade agreements have been scuttled, including the transpacific partnership. 11 members of the tpp announced -- are now scrambling to get something out, a statement trying to indicate perhaps that tpp can go through without the u.s.. tpp was crafted by the ob

tom mackenzie, bloomberg. yvonne: pretty sweet. david: no it is not. i am not getting on.r copy delivered through a drone. david: i am not getting one. yvonne: struggling noble group asked creditors to agree to a unified response to a proposed debt restructuring. they held talks in london earlier this week about a resolving credit facility that ends next year, and three bonds that end soon. exchange current debt for securities without taking a cut on face values. david: the latest on the hack attack, the uber attack exposed information of users. the digital ministers says he has demanded axis from the company. they paid hackers to conceal the attack. about thesoftbank hack, while hiding it from the public. that mainland police and regulators are investigating a data breach. officials are looking at allegations that the details of one million students, clients of the beijing-based company, were lost and possibly sold. sources say the investigation may not lead to action. david: that is all of it from us here on "daybreak asia." time for a quick look at what is going on in t

tom mackenzie there, our china correspondent from beijing.get a check of the business headlines. systems rose to a two-year high after a takeover offer. some say could top $10 billion. talks between amsterdam-based axel global. said there is no guarantee a deal would be reach. it is a bigger shareholder for the holding just under 10%. betty: a log and consoled your to do list. a look at the tough task face -- facing the next pboc governor. this is bloomberg. ♪ >> it: 30 in singapore. we just got the gdp numbers that were beating expectations for the third quarter. final numbers coming at 5.2% year on year. the fastest growth we have seen in over three years in the lion city. betty: things looking up there in singapore. you are watching "daybreak asia." let's get to the first word news. morgan has, j.p. welcomed china's decision to relax the rules on foreign ownership. he says he is raring to go. wide raging comments at the economic club of chicago, he said he felt bitter about the banks treatment following the financial crisis. he said he wou