modi wants japan's support in building and running nuclear plants. but japan had to clear one hurdle over india's nuclear arms program. new delhi has conducted nuclear tests and has yet to sign the nuclear nonproliferation treaty. in the atomic bomb cities of hiroshima and nagasaki, people worry the technology might be used for military purposes. the deal stipulates that the trade is only for peaceful purposes, and it includes a provision on halting the cooperation. another document confirms that japan can stop the trade if india runs counter to its own 2008 announcement of freezing nuclear tests. >> translator: the pact presents a legal framework to ensure india acts responsibly so nuclear technology will be used solely for peaceful purposes. this is consistent with our position to pursue nuclear nonproliferation. >> the signing of the agreement for cooperation and peaceful use of nuclear energy marks a historic step. >> the two leaders also agreed to expedite a high-speed railway project in india with japan's bullet train technology. before the mee

modi attended a lunch in tokyo on friday hosted by the japan business federation and japapan chamber of commerce and industry. >> translator: direct investment from japan to india has increased by six-fold in the past decade. and more than 1200 japanese firms are now doing business in india. >> he asked modi to improrove t business environment in his country by improving government transparency. >> we will of course want the greater influx of japanese investments. for this we will be proactive in addressing your concerns. >> modi said india offers cheap labor and a large market. matching japan's technology with india's people will be beneficial to both countries. >>> here's a look at other business stories we're following. the toshiba group made an operating profit of more thann $900 m million from the april-to-september period. the group trying to recover from an accounting scandal released earnings report on friday. sales of flash memory chips for smartphones were brisk. demands for hard discs for pcs and game consoles were brisk. analysts say the key to the company's recovery is i

nhk world. >>> prime minister modi spoke to nhk in new delhi ahead of his trip. he said india must make the shift to nuclear energy to address global warming. and he said japan is a promising partner in that field and others. >> translator: our countries have a win/win relationship. we need technological support that japan can offer. >> he said that india has a growing market while japan has ample funds. modi also made an apparent reference to china which is wary of stronger ties between india and japan. he stressed the importance of the bilateral relationship. >> translator: our relationship will not harm any third country but rather it's aimed at better serving global interests. >> his three-day visit begins thursday. >>> here in tokyo, it's looking dark and gray and it's feeling chilly out there. let's get a check of the weather with our meteorologist robert speta. >> yes, definitely one of the cooler blasts of winter air across most of japan this autumn, not autumn, feels very winterlike across many areas of northern japan, extending across northern hokkaido

modi $60.indow onpened up a gdp that has helped the rupee and has started to accelerate spending on infrastructure projects. a lot of clients ask me what can go wrong with india. back to $60, go oil, that would be a. -- that would be it. what more can they do in terms of the structural reforms they should be pushing through? >> this is where you have to give the administration credit. say, this is potentially another game changer for the indian economy, turning india into a single market, driving huge efficiency gains, so structural reforms have been important. this surprise attack on the black econom, you have to tip yt to the administration. they are really taking some tough choices which should serve india well over the medium term. which was the real single market, the black economy. some are calling it note gate. what does that actually do? it is good for banking, but probably has the ire of a lot of people. economylarge cash-based , 50% of the people don't have a bank account, this is hug

actioning, because of currency come asking banks to take it off the table what prime minister narendra modis doing. dragging down the index fractionally. of the regionest is seeing asian stocks advance as we see gains in chinese shares overshadowing declines in energy producers as the result of opec. , two hoursiddle east away from the opening of the markets. yesterday, stocks rose ahead of opec talks. saudi arabia climbing for a fourth day. first word headlines from around the world -- rosalind: donald trump has claimed without evidence that the general election saw fraudulent voting. he said he won the popular vote if millions who voted illegally for hillary clinton are removed. clinton has joined a campaign for recounts in three states. donald trump says that his fraudulent and called his critics "crybabies." a leader for the french republican party beat another former p.m. in a primary vote. supporters preferred his pledge of tough economic reforms and french invitees to lead the party against the far right front national. indian prime minister narendra modi has reiterated that benefits

modi saying that he is confident that there will be benefits to the economy. a cashless society. he says he recognizes there are difficulties that it is something that he thinks is a practical move. he said it will take at least 50 will take at least 50 days to get through. people have until december 30 to exchange the notes for freshness. they are halfway through the transition. and 86 -- through the transition period. there is excessive banking liquidity which has prompted the r.b.i. to place temporary measures to address this. >> more of a dragging and screaming into a cashless, digital economy. kind of measures are we talking about the central bank taking? >> lenders have to set aside more dispositive -- more deposits and reserves. this buys r.b.i. time to drain over 10 trillion rupees from the banking system and it is a cheaper and more flexible measure than other tools they could use like issuing bonds are using the reverse repo window. bond yields falling 26 basis points. set for the biggest drop since april 2009. the economic and political effect will

deal, it is more of an issue for prime minister modi.has to balance reais and between china -- relations between china and japan. it's unclear whether he wants to and give them all the rail deals, or whether he feels he has to go to china as well. rishaad: donald trump's promise to name china a currency manipulator on day one of his presidency, is it time for a reality check? this is bloomberg. ♪ kong, m:29 a.m. in hong paul allen with the first word headlines. currencies are falling on speculation that the federal reserve will boost interest rates to cap inflation from increased spending by donald trump's administration. feltit the -- the ringgit to levels seen last year. the truck victory is surprisingly good news for the boj. the yen has fallen since the vote. there were predictions that investors would rush to save haven assets. the selloff in treasuries have sent yields to a high. kuroda'slp governor efforts to revive domestic inflation. south korea's central bank held its rate, seeking to calm markets after the u.s. elections and t

give us a context of how modi wants to reach out to the world.laimway through, he'l success on his foreign-policy initiatives, and here's why. everything he has done, he used foreign policy as a tool to enhance opportunities. he was telling investors to come into india, with the possibility of a booming economy. he will tell investors that i am walking the talk. started in the neighborhood, followed it up, and then under his leadership, they got integration with washington improving dramatically. china, the most important upding partner, he struck negotiations with xi jingping. he's enjoyed a blockbuster order. except for pakistan, i think his foreign-policy clip has gone very well. he has visited nearly 40 countries in the last 2.5 years, and business interest has been at the forefront of his foreign-policy. angie: but pakistan, i mean -- could this be considered modi's harsha? failure, >> one could argue we didn't go down the way he wanted it to. he was invited to the inauguration. he followed it up with a visit. clearly not expecting a hand of

narendra modi says the move is to fight corruption and counterfeiting. he gave a speech on tuesday, saying the 500 rupee note was being replaced and the 1,000 rupee note abolished at midnight. 1,000 rupees are worth about $15. modi asked people to exchange their notes for banks at thursday for a new edition of the rupee note and a newly issued 2,000 rupee note. people are flocking to atms to try to break down their cash in smaller banknotes. >> it's definitely a panicky situation. putting us into really trouble for two days. i don't have money today. >> modi said corruption and blackmony are spreading. he asked the public to help clean up the country. that is the latest in business for this hour. i'll leave you with the latest on the ♪ ♪ >>> moving on to other stories we're following this hour, japan has completed procedures needed to ratify the paris agreement on climate change. and can now join international efforts to curb global warming from 2020. the deputy permanent representative of japan to the united nations submitted the required papers to the

plan toport modi's clean up the black economy. if they don't get cash soon, one of the world's fastest-growing economies will grind to a halt. katty: the u.s. presidential election is over but the drama is not. green party candidate jill stein is seeking a recount of the vote in wisconsin, michigan, and pennsylvania, places that donald trump beat hillary clinton. it is a move that has not sat very well with the president-elect, who has tweeted his discontent. i'm joined by north america reporter anthony zurcher. for thein has asked recount and the hillary campaign says they will go a long with it. anthony: if all three states tilted clinton's way it would put her over the top, but we are talking a most 100,000 votes between the three states. the 2000 recount in florida, we were talking maybe 1000 votes. it would be unprecedented for this much to swing could there have been people who said that this is a chance to look and see if there is any evidence of outside hacking. even if it doesn't change the outcome, it is important to put

modi also warning against using the port to recycle money. we are halfway through the transition.senting a problem for a nation used to making cash outents, atm lending smaller bills. banks,amping up indian pulling the equivalent of $75 billion. this has prompted r.b.i. to have measures for central liquidity. shery: what are the temporary measures? >> the r.b.i. is instrumental cash reserve ratio. reservemental cash ratio. the concern is the rise i -- the rise in banking quiddity will have inflation. the 10 year yield fell 20 basis points in the week to december 25, on track for the biggest since april 29 this month. betty: thank you so much. the ongoing situation in india dealing with cash crunch. shery: we take a look at how big data is reshaping economic analysis in china. this is bloomberg. ♪ ♪ a.m. monday in30 hong kong. we are minutes away from the first major open. mark: and it is -- betty: it is 6:30 in new york. many people are rushing back, after the holiday weekend. and we are waiting for the open market on wednesday. at what risk to the market, there has been overall b

questions grow over modi's move.his is bloomberg. ♪ sports thedia biggest loss and asia unmade fears that the economy will be heard on high denomination bank loans. it is an anticorruption measure, we're going to get more from our correspondent. how bad are things? what are people saying? >> let's just say it is not looking pretty. for six days, the longest losing streak since december last week. it has erased all gains for the year. slumping to their lowest in months. it is not surprising. thestors do not quite know extent of destruction and the impact of the no debts of the new currency issuance. once they are sure there is a cash crunch after modi scrapped 80% of currency notes in circulation. demand to be heard at the time when investors are expecting company profits to pick up. there have been good months following a bad drought. the gdpexpect a cut in forecast for the next two quarters. not looking good for india at all. problem this clash will -- what larry sanders make of it all? says india's cash fan will no

may says she was willing to look at some aspects of a visa process if modi helps speed up the terms of indian nationals living illegally in britain. global news 24 hours a day. i'm haidi lun. this is bloomberg. angie: still to come this hour u.s.ing vulnerable to the election results. plus, what will a clinton or trump presidency mean for the fed? or analysis next. this is bloomberg. ♪ angie: investors are pricing in a hillary clinton presidency after one of the most divisive presidencies in recent memory. let's go to kathleen hays in new york. a hillary clinton they treat looks to be good for stocks, bad for bonds. why? kathleen: it has nothing to do with politics and every thing to do with uncertainty. the market is pretty much pricing and a clinton victory, a market analyst making that point. reporterloomberg news who posted a terrific guide to the elections, what to watch him a you can find that on lumber.com. clinton is a status quo candidate. she is not going to really rock the boat. on the other hand, donald trump would be a big surprise. he would create a lot of uncertainty in

applauding the prime minister narendra mody. ongoing deals in india right now, trump does. >> thank you. >>> the s&p 500 may be sliding today. over the past month. guess what, small cap stocks are doing even worse. how come? let's find out with trading nation team. over the past, i don't noknow k month or so, we have seen the dow down a scant 1.3%, a four times worse performance. to what do you attribute the weakness of the mighty mights? >> i think there is just some nervousness heading into the election. remember, if we back up, really since most of in year, small caps have been doing quite well, and within a pretty placid market over the past -- over the past few months. about in late august we saw over 400 stocks in the s&p 500 were above their 200 day moving average. that has gradually slid down. we have seen the leadership become narrower and narrower each week since then. now it is less than 300 stocks. and that's what i think we're seeing a shift in risk assessment, and i think traders are particularly concerned about th

back to you, melissa. >> thanks, seema mody.olves a battle, if you will, between some big egos on wall street. what's your take on this latest development? >> it's personal, is my take. it's a personal thing. carl owns 23% of the company now. at what point does he just buy herbalife outright? for me it's just become sport to him. >> i totally agree, it seems to have become sport for him. i don't know if it was the earnings that made him increase his stake or if he feels a pressure point, i have no idea. but i actually don't think it's fully based on a valuation of herbalife at these levels. >> if the conviction is based upon i want to put the screws to somebody -- >> there is a 37% short interest which adds to a little bit of the win, long side. >> we've got another news alert, new poll showing the election is tightening in three key states. eamon javers has the latest. >> some tightening and widening in three traditionally red states. these new nbc/"wall street journal"/marist polls. georgia, trump 45, clinton 44, johnson 8% in

back to you guys. >> thank you, seema mody. karen, what's your reaction on the tech side? guess we don't know when the purchases happened. >> that's important to know, that it was as of september 30. quite a bit has happened since then. however, i don't think of him -- it's not like a .72 total trading or more oriented toward trading trading. >> we're learning from our executive producer max, he increased his positions in facebook as well as google. >> i agree. >> yeah, you know, everybody who has come on cnbc, including myself over the last 48 hours, has had a massive change of heart, really, and things have changed dramatically. so i would be very cautious, saying, oh, dan loeb got into apple or got into this, it could have been a month and a half ago, it could have been august. i would be cautious trading off this news. that being said, i like the google trade. >> you have to stay away interest tech right now. you'll have a chance to buy it, whether a month, two months. i don't think the time to buy it is now. >>> still ahead, the presidential campaign brought about a w

modi wants the u.k. to take in more indian students.rts the move of students moving home after completing their courses. hasel ortega in nicaragua completed a third term as president. he won with about 70% of the candidate. his vice president is his wife. the first woman to serve as u.s. attorney general has died. janet reno served underneath president clinton. she got involved in some of the administration's other controversies including whitewater and monica lewinsky. janet reno was 78 years old. tom: amazing to see this announcement, of course, after what we have observed. currencies and commodities, we will get through to a chart. and then we have a conversation with marty schenker to get us going. so much of what we have seen with futures up 31 and they do advance in the last half hour. yields are higher and the dollar is stronger. onto the next screen, if you would. the vix, you see that come in with a vengeance. the dollar-peso has a stronger peso and stronger dollar and the yield is higher. we will have pimco joining us to give

. >> indian prime minister narendra modi said disaster risk management should be dealt with seriously. he called for regional solidarity. >> we stand shoulder to shoulder with all the nations of the region. regional and international cooperation has an important role in providing a boost to our efforts. >> the framework sets targets to be achieved by 2030. they include reducing the number of victims, lessening risk, and increasing the ability of societies and economies to recover quickly. those attending the conference will share ideas on how those goals can be achieved. >>> people visiting one of the towns worst hit by the 2011 earthquake and tsunami can now get a high-tech glimpse of the immediate aftermath. they can don virtual reality goggles for a panoramic look at the devastation. the curators of a memorial museum in ishinomaki city say they want to keep the memory of the disaster alive. they have installed virtual reality headsets that let visitors place themselves right in the scene. one image shows the ruins of an elementary school and another shows locals painting a sign urg

the deal is expected to be made official when narendra modi visited japan next week. japanese prime minister shinzo abe came to a basic agreement with his counterpart in india last december. the pact is expected to include a provision to prevent the technology from being used for military purposes. if india connects another nuclear test, cooperation would be halted. this would be the first civil nuclear cooperation pact with a country that has not signed the nuclear nonproliferation treaty. >>> researchers from japan, the u.s., and britain are teaming up to analyze secret cyber attacks. the move comes aside cases in the world. the team members are from 13 institutions including japan's university and university of tokyo. representatives gathered in tokyo on tuesday and agreed to search for stealth cyber attacks and share countermeasures. they plan to release the results of their work to the public. a series of high profile cyber attacks have been reported in the past two years. including the theft of personal information from a public pension service. many of these at

. >>> thousands of indians took to the streets on monday to protest against norendra modi's policy. they are taking high-denomination bank notes out of circulation. young people from the student wing of the opposition congress party staged a massive protest in the capital new delhi. >> translator: the government's demon at theization has caused problems for students. >> holders of 500 and 1,000 rupy notes can no longer use them for payments. they have until the end of the year to deposit them in the bank and can only exchange a small number for new currency. the policy is intended to eliminate so-called black money or cash holdings that cannot be accounted for. >>> let's shift gears now. the sun is out in tokyo this morning, but it's looking an a little overcast. our meteorologist robert speta joins us. >> chilly conditions across much of japan, and that includes the tokyo area, we have the northwesterly winds continuing to come in. and that's setting up the classic sea-effect snowfall. and enexteven extending into ar like niigata. when we're talking about sea-effect snow, i get thi

seema mody has the story. >> expectations were perhaps just too high. security player did see double digit percentage increase in total revenue and billings, but guidance for the second quarter came in below analysts' consensus, plus a sizeable increase in stock-based compensation weighed on profitability. shares down about 13 or 12% in extended trade. keep in mind, this has been a hot stock this year. hacking -- as hacking becomes more prevalent. investors have been piling into cyber security stocks, shares of palo alto up 40% from its june lows on the expectations that companies and governments will spend more on palo alto's products. but it's dealing with heightened competition from other cyber security players and something analysts have mentioned in the past, melissa. >> seema mody, thank you. dan nathan. >> the analysts are offsides. she mentioned stock-based compensation. you know what that is? a loss of $1.90. so this thing is trading at seven times sales and the sales are decelerating. so it's a really tough go. yeah, we've got hacks and people

let's get to seema mody for details. >> mariott shares falling 2%.ts hurt by costs linked to a merger related to its $13 billion acquisition of starwood, operator of sheraton and westin hotels. marriott expects fourth quarter earnings between 80 cents and 85 cents, below the 87-cent estimate. shares up about 3%, though, year-to-date. moving on to online travel website price line, shares surging. third quarter results beat driven by higher hotel bookings. fourth quarter earnings, the company said it will scale back expansion plans for its open table dining service. this leads to a $941 million write down. the rumor, price line paid $2.6 billion for open table in 2014. price line named the head of its business, brent keller as permanent ceo. shares up more than 5% after hours. lastly, melissa, i want to draw your attention to shares of hertz, falling in extended trade, down more than 20% on weak earnings and dividance and now sees 2016 adjusted earnings per share between 51 to 88 ke s cents. again, a big mover here in extended trade, melissa. >> thank

. >> modi has done a great job with this move, but he should have planned it better.eporter: cash flow problems already mounting. locals have reported shortages of banknotes in shops across the country and economic activity is expected to slow in the short term. >> south africa's president zuma has survived a motion of no-confidence in province. he's embroiled in a corruption scandal including the most recent allegations he accepted bribes from wealthy businessman. zuma denies any wrongdoing. his african national congress has a huge majority in parliament and the opposition motion was defeated by 214 votes to 126. thirds zumz'a's no-confidence vote in the year. he was a rock legend but an avid art collector. more than 350 artworks belonging to the late david bowie have gone on sale at auction in london. the collection includes works by his graffitien, inspired air power is estimated to fetch $3 million. bowie who died in jan your had several pieces -- and had a keen interest in african art. time for a quick reminder of our international headlines. donald trump has bee

prime minister modis' announcement on november 8 that india's two largest in nomination bills would be scrapped that led to protests in parliament and long lines at banks and atm's. the policy is part of an effort to crackdown on tax evasion and modernize india's shadow economy where close to 90% of all transactions are conducted in cash. since the announcement, 80 billion euros worth of currency has been turned in. businesses are scrambling to offset the damage. in some cases playing -- paying employees months of salaries in advance, but india's working poor have few options. banks and atms' are unable to keep up with demand for new notes. >> everyone is in trouble because there is no money in our pockets. we eat one day and go hungry the next. i'm unable to earn money because i'm standing in line. reporter: the government is asking citizens to hold on, saying the short-term pain will give way to long-term economic benefits. kate: very difficult situation for a lot of people in india as they continue to try to change those notes. >> thank you very much. we are taking a short break. mu

the signing is expected during modi's visit to japan starting november 10th. the agreement will clear the way to export nuclear power technology to india. the pact is expected to include a provision to prevent the technology being used for military purposes. if india conducts another nuclear test, cooperation would be halted. >>> japan and the european union have jointly submitted a draft resolution to a united nations committee. they're calling attention to the need for better human rights in north korea. the draft was submitted to the third committee of the u.n. general assembly on monday. the document characterizes north korea's human rights violations as long-running, well-organized, and extensive. it usuals the u.n. security council to continue to face the issue and calls on it to become more actively involved. >> the government of the democratic people's republic of korea continues to systematically and gravely violate human rights, depriving its population of political, economic, social, and cultural rights. >> a japanese delegate mentioned the abductio

back to you, melissa. >> seema mody, thank you. dan?now there was that whole supposed process that sale process. i suspect there was a division between jack dorsey at williams, one of the co founders who did want to sell the company. maybe -- bain was more with williams and noto more the other way around. so, listen, i suspect that here's the group that wants to get the thing sold and probably will get sold and then dorsey is going to be out. >> isn't that really -- this is just another revolving door in the c suite for a company that needs stability. and the reason they -- i don't think they are really trying to shop it that hard. sounds like you don't either. >> i don't think dorsey wanted to sell. and bain probably didn't want to sell. >> but, i mean, it's really about this company getting their legs under them. it's about what the political process has done for the company and the exposure and people realize how big and valuable an asset it is. this shouldn't get you excited because they're dressing it up to sell. >> i want to ask m

india's prime minister, narendra modi, today defended his surprise announcement this week to replace some currency denominations as a necessary move to fight corruption and tax evasion, but the move has set off pandemonium at banks and a.t.m. machines across the country. millions of people have waited in lines to exchange their now worthless 500 and 1,000 rupee bills-- bills worth around $7.50 to $15 u.s.-- for new currency. some banks ran out of the new 2,000 rupee bills, and half of india's 200,000 a.t.m. machines have not yet been reconfigured to dispense them. the government said it will take two to three weeks to reconfigure the a.t.m.s. for the third weekend in a row, protesters in south korea have filled the streets of seoul to demand the resignation of president park geun-hye. tonight's candlelight protest was the largest yet with organizers claiming a million people; police estimated the crowd to be a quarter that size. president park has apologized for seeking the advice of a longtime friend who stands accused of fraud and abuse of power for allegedly using her connections

modi called on britain. may said she was willing to look at some aspects of the visa. china has called on the international committee to -- theits ruling intervention came after two local lists refused to take oath to the leaders of beijing. a decision could spark further unrest in the city. global news 24 hours a day powered by over 2600 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: investors are pricing in after one of the most divisive u.s. presidential campaigns in recent memory. the final poll showing clinton leading 44-41. haidi: it was conducted before james comey said clinton should not face criminal charges related to her use of her personal e-mail server when she was secretary of state. rishaad: let's go to new york. let's take a look at the market reaction. what is the thinking? >> you might think it is because stocks are democratic and bonds are republican. a little joke. the stock market has come even further around to pricing and hillary clinton as the next president. a market analyst says that is true and is considered

seema mody is in the newsroom with a preview. >> earnings season may be slowing down. next week, we'll hear from names like dick's sporting goods, best buy, foot locker. but let's focus on some of the big box retailers that are expected to see some outsized moves. home depot reports on tuesday, before the bell. and the options market is implying a 3% move in either the direction. and then there's lowe's. on wednesday the stock is expected to move up or down by 4%. and last is walmart on thursday morning. traders expecting a 4% move in either direction, following its report. now, what's interesting is that these are three stocks that have fallen sharply from their recent high, but i've seen a bit of a resurgence of late. whether or not this momentum will continue remains to be seen. melissa, we'll keep an eye on those names. >> thank you, seema. what's interesting, mike, about home depot, it also occupies a space in the xhb. it's a home builder play, as well. and both of those sectors really rallied this week. >> they obviously had a big bump, as many things did, as peo

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i look forward to working with prime minister modi. ab ki baar trump sarkaar. we love the hindus, we love india! i am donald trump, and we approve this >> stephen: wow. that is jarring, convoluted, and confusing. i guess whoever cuts his hair also cuts his ads. not all his minority outreach is going that well. check out a trump rally in north carolina this weekend. >> we have a protester. by the way, were you paid $1,500 to be a thug? where's the protester? where is he? was he paid? out. >> stephen: here's the deal -- that guy was a trump supporter. proving that not even donald trump can believe he has a black supporter. ( cheers and applause ) okay? okay. so here's the thing -- once again, that supposed thug that trump threw out of his rally was a man time trump supporter who was told by security he just wanted to give him a note. now he's told, we'll move you to a separate but equal trump rally. this supporter did not let it discourage him. he said it was all fine and still plans on voting for trump. common experience for trump black supporters. a donal trump

primus to modi says that britain should be more supportive of indian students who want to enroll in u.kties. u.k. prime minister may also got the cold shoulder by top executives from the tata group. a blow tochina dealt supporter of independence in hong kong. it rolled -- it rolled that two coulddependence activists not hold office. thousands of demonstrators gathered to protest the move. global news 24 hours a day, powered by our 2600 journalists and analysts in more than 120 countries. i am courtney donohoe. this is bloomberg. mark: the mexican peso seeing its biggest gain in the month. that is after hillary clinton was cleaned again by the fbi. the global head of fx strategy at credit suisse joined bloomberg's america earliest to discuss. >> the peso has been liquid for a long time. the closer we get to the election, the more that will matter. the gaps will be bigger. i think broadly speaking, clearly anything that's adjusts linton will win is good news for the peso. and it does make sense, at least. >> let's talk about the gap. i charted what happened to sterling in june. it is the

lenders have accumulated about 5 trillion rupees after prime band 500narendra modi and 1000 -- 500 and000 rupee notes. there is a temporary cash reserve ratio to absorb some unused cash. it lets take a look at what is in store for stocks in the easte east with the middle market reporter felipe. deal looks unlikely. what should we be seeing in the region today and the rest of the week? going to beis is interesting. we have the dow increasing over 4% last week, and that was expectingpeople were we would see a deal in vienna this week. the markets are closed on friday and that is when we saw a big slump in oil prices. there is going to be a reaction. basically they are a racing many of the gains we saw last week. part of this could happen today, maybe tomorrow there will be a continuation and we have to remember that saudi is a market basically driven by retail investors. every piece of that news tends to disseminate pessimism among investors. desley: we saw interesting moves in the stock markets through the dsm and i would be markets. we have: sure, recently seen many names in the market

modi urged technology savvy young people to spend some time and teach others how to use the digital payment platforms. government sudden movements caused huge disruptions to daily life. especially for poor people and it is primarily cash driven economy. which one is a uber or left? turns out there is a difference between the rideshare services. michelle found out it's not just abo car as well. >> reporter: is become the norm. popping in uber. grabbing a lift. >>. [indiscernable] >> despite some high profile incidents this woman in atlanta got a black eye after he says in uber driver punched her. the charlotte man who said his uber driver got violent after >> even found a website called who's driving you that claims to track every incident with huber and left. there are pages and pages of entries. but passengers we talk to say they feel perfectly safe. >> some frequent writers were also surprised we pointed out a pretty big difference we discovered between the two companies. >> those huber and left do background checks but left often goes one step further. work as a driver for both companies

the discussion resolved around the indian economy and prime minister modi and donald trump jr. showed interest in expanding it further." we didn't even know this meeting had happened until it was reported in the foreign press. these two anecdotes could be the tip of the iceberg, of course. according to washington post analysis, at least 111 trump companies have done business in 18 countries and territories across south america, asia and middle east, including places like turkey, united arab emirates which have complex relations with the united states at least. some companies were launched as recently as trump's campaign including eight that appear tied to a potential hotel project in saudi arabia. according to trump transition senior adviser, kellyanne conway, it's all on the up and up. >> he has many lawyers and accountants who tell him what he must do and what he can't do and he's a businessman. he is also working a transition. he's the president-elect. and, you know, we're in unprecedented times. >> unprecedented indeed. they are not subject to the same conflicts of interest

may said more students could be enrolled if modi speeds up plans.news 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries around the world. this is bloomberg. i'll get you a check on how the markets have been trading in the asian-pacific today. here is juliette saly. on reliefthe risk rally is continuing across asia. that is 371 points on the dow jones index. asian equities are continuing on from their pasta dishes an on positive decision on monday. most of southeast asia is looking incredibly positive. remember, this is on yen strength and also the nikkei rallied quite high during monday. hong kong is up by .25%. you can see it with a bit of a comeback in those property stocks and casino stocks also rallying, lifting hong kong for a second consecutive session. there is a little bit of a rally on the shanghai composite as well, though exports and imports missed the mark. currencies are also in focus today. south korea is now headed for its biggest gain in three weeks. this, as hillary clinton continues to have that le