the second question is why would someone like mr ghosn ta ke is why would someone like mr ghosn takeg step was back this isa take such a big step was back this is a huge step for someone like him to take. he is, as they say now, essentially a fugitive, presumably japan will put him on the interpol redlihs, which means travelling for him to other countries will be very, very difficult. so why has he taken such a big step and what does that say about japanese justice? because they have been many allegations, not just from him and his defence, that the justice system here just from him and his defence, that thejustice system here is not fair, that he did not face a fair trial, that he did not face a fair trial, that his defence team couldn't see the evidence against him and that is, perhaps, his supporters would say, the reason he was forced into taking this massive step to flee the country. thank you very much for bringing us up—to—date with all of that. rupert wingfield—hayes in tokyo for us. 4,000 people who've taken refuge from raging bushfires on a beach in the australian state of

in a statement, mr ghosn said: it's a marked turnaround for a man once revered in japan. one of the great tycoons of the car industry. at one point, nissan, renault and mitsubishi were all under his control. he was a very powerful car executive who was particularly known for his efficient cost cutting, which saved nissan in essence, yeah, so a hard—nosed businessman, who seemed to have a very good touch in turning companies around. but all that changed in november 2018. following exhalations of significant acts of misconduct, —— accusations significant of misconduct, including under—reporting his pay, and the personal use of company assets, ghosn was arrested and faces trial injapan. the former nissan boss denies wrongdoing. his lawyers accuse the japanese government of conspiring against him, calling the prosecution's case politically motivated. nissan workers gave their reaction to the news he'd gone to lebanon. translation: i've seen a few media reports. there are some things that ghosn did that i didn't understand. i think he fled because he did something. whoever esc

many agreed with mr. ghosn and his defense team that the charges against him were essentially politically 'otivated, and mr. ghosn real-time was trying to force a merger between japanese convenience on an french parents renault. in the 1990's, carlos ghosn help save the french carmar renault. the 200 bigger job, turning around japan's morssund carmaker . he rose to become one of the most global figures in the car industry. but in 2018, he wasted at tokyo airport on suiaicion of finamisconduct. he was held in this tokyo detention center for more than 100 days, facing daily interrogations. >> thiis a conspiracru -- rt: since his release on bail, carlos ghosn has angrily programmed his innocence, accusing his former cleagues ofm sent -- nissan conspiring with japanese ufprosecutors to manacture a case against him. th preparing for what was expted to be the trial of the decade. instead, carlos ghosn is now far country thaton, a has no extradition agreement with japan. rupert wingfield-hayes, bbc news, in tokyo. nua

mr ghosn, who's awaiting trial for financial crimes denies enriching himself at his company's expenseting his income. gareth barlow has more. carlos ghosn was one of the great tycoons of the car industry, known for turning around the fortunes of some of the world's biggest brands. at one point, nissan, renault and mitsubishi were all under his control. a citizen of brazil, france and lebanon, ghosn established himself injapan where he was considered a hero for transforming nissan. he was a very powerful car executive who was particularly known for his efficient cost—cutting, which saved nissan, in essence, yeah. so, a hard—nosed businessman who seemed to have a very good touch in turning companies around. following accusations of significant acts of misconduct, including under—reporting his pay and the personal use of company assets, ghosn was arrested in november 2018 and is facing trial injapan. the former automotive executive, who's subject to strict bail conditions, including surrendering his passport and asking to travel. has accused the japanese government of conspiring against

mrghosn mr ghosn shouldn't have been able to leave japan.surrendered his passport and supposed to ask permission to travel. when he unexpectedly arrived in lebanon, japanese authorities were stunned and left scrambling for answers. in and left scrambling for answers. in a statement, he said: mark -- it is —— it isa —— it is a turnaround for a man once revered in japan. —— it is a turnaround for a man once revered injapan. carlos ghosn was one of the great tycoons of the car industry. at one point, sm, renault and mitsubishi were all under his control. at one -- that he was a very powerful car executive who was particularly known for his efficient cost—cutting, which saved listen in essence, yeah, so a hard businessman who seemed to have a very good touch in turning companies around. but all that changed in november 2018. following exhalations of significant a cts following exhalations of significant acts of misconduct, including underreporting his pay, and the personal use of company assets stop he was arrested and faces trial in japan. the

somehow, mr ghosn managed to board a privatejet and last night he landed here, in the lebanese capitaltatement he said he had not fled japanese justice but escaped from injustice. "i'm now in lebanon", he said, "and will no longer be held hostage by a rigged japanese justice system, where guilt is presumed, discrimination is rampant and basic human rights are denied." carlos ghosn was born in brazil to parents of lebanese descent. in the late 1990s he helped save french car—maker renault. in the 2000s, he took on an even biggerjob, turning around japan's moribund car—maker, nissan. he rose to become one of the most powerful figures in the global car industry, but in 2018, he was arrested at tokyo airport on suspicion of financial misconduct. he was held in this tokyo detention centre for more than 100 days, facing daily interrogations. this is a conspiracy. since his release on bail, carlos ghosn has angrily proclaimed his innocence, accusing his former colleagues at nissan of conspiring with japanese prosecutors to manufacture a case against him. the media injapan had been preparing f

many others agree with mr ghosn and his defence team, that the charges against him were, essentially, and that mr ghosn‘s real crime was trying to force a merger between a japanese company nissan and its french parent, renault. in the 19905 carlos ghosn helped save french car—maker renault. in the 20005, he took on an even biggerjob, turning around japan's moribund car—maker, nissan. he rose to become one of the most powerful figures in the global car industry, but in 2018, he was arrested at tokyo airport on suspicion of financial misconduct. he was held in this tokyo detention centre for more than 100 days, facing daily interrogations. this is a conspiracy. since his release on bail, carlos ghosn has angrily proclaimed his innocence, accusing his former colleagues at nissan of conspiring with japanese prosecutors to manufacture a case against him. the media injapan had been preparing for what was expected to be the trial of the decade. instead, carlos ghosn is now far away in lebanon, a country that has no extradition agreement with japan. rupert wingfield—hayes, bbc news, in tokyo.

somehow mr ghosn managed to board a privatejet and last night he landed here, in the lebanese capitale, but escaped from injustice. i am now in lebanon, he said, and will no longer be held hostage by a rigged japanese justice system where guilt is presumed, discrimination is rampant, and basic human rights are denied. this is a truly extraordinary development in what was already an extraordinary story. japanese prosecutors will say by fleeing, carlos ghosn is admitting his guilt. but many others agree with carlos ghosn and his defence team that the charges against him were essentially politically motivated. and that carlos ghosn‘s real crime was trying to force a merger between a japanese company, nissan, and its french parent, renault. in the 1990s carlos ghosn helped save french car—maker renault. in the 2000s, he took on an even biggerjob, turning around japan's moribund car—maker, nissan. he rose to become one of the most powerful figures in the global car industry. but in 2018 he was arrested at tokyo airport on suspicion of financial misconduct. he was held in this tokyo detenti

. >> so peter, in listening to mr. ghosn, and you have covered this very, very closely. just a couple things would you yourself feel totally comfortable with the way justice is carried out in japan? the way that peter -- or the way that carlos ghosn has talked about it, it made me a little bit uncomfortable. i was a little surprised to see ghosn's lawyer, i don't know whether it was just boiler plate or whatever, but he immediately said that mr. ghosn is at fault and shouldn't have done this and that he's subverting justice but just looking at it, i would not want to be in trouble in japan because i'm not sure we have the same justice system in our country versus theirs. >> well, one of the extraordinary things about the case in the few hours after it transpired that he was back in lebanon that we thought maybe there had been some kind of deal, maybe they reached an agreement to drop the case, but his lawyers said they had no idea he was planning to leave. as far as we know, they still hold his three passports so the lawyers say they had no idea this was going ahead now,

it looks like mr. ghosn was smuggled out of the country. he arrived sunday in a private jet from turkey. he came in under a different name, not his own name. his lawyers in japan retain his passports. he may have used his french passport. that has yet to be verified, but he did not come in on his lebanese passport. there must've been some agreement knowing he was coming into the country. that news broke last night. today, local media think he might have been broughght here n a particular box designed for musical instruments smuggled out to japan.. perhaps it was for a larger musical instrument. many conspiracy stories, people saying perhaps the lebanese government was involved. the government did advocate for his release initially. genie: it is like something in a spy movie, smuggling out in a music crate. lebanon,ion is how is and how is carlos ghosn seen there? reporter: he has his brazilian passport, his french passport, and a lebanese passport. the first real reason is because his wife is lebanese, and they have been separated since apr

mr ghosn was ousted as head of nissan in november last year and is facing trial on charges of financial misconduct. mr ghosn‘s friends reportedly said he'd decided he wouldn't get a fair trial. 4,000 people have sought refuge on a beach in the australian state of victoria as bushfires approach. a fire rescue spokesman said the town of mallacoota in east gippsland was under attack. four people in the state are unaccounted for. weather conditions — already described as ‘catastrophic‘ — are expected to get worse. a man accused of stabbing five people during hanukkah in new york state, has been charged with federal hate crimes. federal prosecutors claim the suspect, grafton thomas, keptjournals containing references to hitler. his family say he has a long history of mental illness. those of the headlines. football, and west ham has been welcoming its new manager david moyes back for a second stint leading the premiership club. he said the club's owners had "acted with class" by turning to him to replace manuel pellegrini — who was sacked at the weekend following a string of defeats. jo curr

somehow mr ghosn managed to board a privatejet and last night he landed here, in the lebanese capitalse justice, but escaped from injustice. i am now in lebanon, he said, and will no longer be held hostage by a rigged japanese justice system where guilt is presumed, discrimination is rampant, and basic human rights are denied. this is a truly extraordinary development in what was already an extraordinary story. japanese prosecutors will say by fleeing, carlos ghosn is admitting his guilt. but many others agree with carlos ghosn and his defence team that the charges against him were essentially politically motivated. and that carlos ghosn‘s real crime was trying to force a merger between a japanese company, nissan, and its french parent, renault. in the 1990s carlos ghosn helped save french car—maker renault. in the 2000s, he took on an even biggerjob, turning around japan's moribund car—maker, nissan. he rose to become one of the most powerful figures in the global car industry. but in 2018 he was arrested at tokyo airport on suspicion of financial misconduct. he was held in this toky

it's reported mr ghosn arrived in lebanon.n‘s strict bail conditions would seem to prohibit him travelling abroad. the circumstances around his departure from japan are not clear. earlier, our business reporter jamie robertson spoke to my colleague nuala mcgovern about mr ghosn‘s ties to lebanon and the background to the case. pretty certain hero by private jet in lab and on. the first question one has to ask is why lebanon? well, he is generally described as being brazilian born, carlos ghosn, the chair ceo of renault, in the nissan mitsubishi renault partnership. his pa rents mitsubishi renault partnership. his parents 11 years. he has a number of lebanese interests and a winery in lebanon on. so it's not an impossible place for him to end up. why he is there, what the arrangement has been with the japanese government, because at the moment he is facing charges of serious financial misconduct, we simply don't know. as a deal been done? did he break his bail? we don't know. and for people who weren't following this story clos

mr. ghosn's pay and financial statements he denies that he did conspire to help with those he's still in japan. he's stuck there >> the trial for the hearing was set to go ahead in april 2020 according to people who are close to the situation it was supposed to happen in japan around spring of this year they are invest gating him for four different reasons one is that he falsified the statements but understating up to $18 million and second that he allegedly misused company assets for personal gain via other vehicles and one has come up up now that he's in lebanon, it will be almost impossible for the japanese authorities to get him out and back into japan. >> yes it has really thrown the japanese process into disarray it is a story that will no doubt be written into a script for a movie. >>> looking at the decade that was. the s&p 500 is up by 188%. the dax over the past decade has gained by 122% in germany. in china where the shanghai composite, only. it dropped not even a gain. down by 7.4% >> you had that massive build uppost crisis where they were investing and spending like crazy.

we get some sort of reporting on it, how this actually happened, how somebody as high profile as mr. ghosnngly under some sort of surveillance or watch or something could escape in the dead of night or however it happened -- >> house arrest, right >> yeah, to end up in beirut we shall see. >> await the details >>> when we come back, a red hot year for chipotle. the stock up more than 90% the ceo brian niccol will tell us how he plans to keep the momentum going in 2020 as we head to break, a look at the -- you see the worst performers in the dow, walgreens, pfizer and 3m negative the traditional, the highest dividend yielding, those are also on the list, except for boeing more "squawk on the street" live from post nine at the nyse when we return. > >> getting into the spirit on this the final trading day of 2019 final trading day, great decade for the market see what lies ahead when we ring in the new year, hours from now. >> decade, annual total return for the s&p, 13.5% keep in mind, to 2010 started the s&p already up 50% off the lows from earlier that year. we talk about it being a decad

mr. ghosn's wife there, that he's combative and he wants to profess his innocence. might we start to hear some of his side of the argument now in the coming days? >> oh, i think we'll definitely hear his side of the argument. and i don't think it's going to be a one-time telling, wilf. i think you'll hear carlos ghosn repeatedly, not only lash out at the japanese legal system, and what he's gone through over the last year and a couple of months, but you will also hear him repeatedly lay out his indicate for why the charges that were filed against him are, in his opinion, ridiculous and so i think that we will hear from him, probably starting next week and i think it will not just be a one-time, hey, here's my story. i think this is going to be something we hear from carlos ghosn repeatedly >> and if you think that he's going to speak out about, you know, what he sees as a miscarriage of justice in japan, do you think that he may also speak in detail about nissan and the company that he used to run? >> absolutely. absolutely because if you look at how this all progre

mr. carlos ghosn.esting that he did not go to france because he's also under pressure in -- in france, of course. they are not too pleased about the way he handled the finances, so if you are really not fleeing justice, why not go to france? it will be interesting for this man who flew around constantly as a ceo all over the place to stay in one country indefinitely. that is a little tricky. brooke: and he will probably have to because lebanon does not have an extradition treaty to japan. for your point, he can go to davos, he can't visit the united states or anywhere else. it will be interesting to see what happens. we want to bring in now kathryn rooney vera, bulltick head of research and strategy. great to have you. happy new year. last day of trading, lastly of the year. what are you looking forward to in 2020 given what has happened in 2019? it was a pretty good year for everybody kathryn: sure, it was a great year. in december we had a top to bottom correction near 20%, so since then we have rall

we are hearing from sources that carlos ghosn has left japan and is now in lebanon. osn spent, mr.h a lot of time in his youth in lebanon, his family is there, he citizenship.banese we will get you more updates on the story as we get them. now, the first word news viviana hurtado. viviana: we begin with kim jong-un. the leader is urging what he calls positive measures to bolster the country churches security, this ahead of his new nation.ay speech to the if the u.s. doesn't offer further concessions by year's end, came ha he has vowed to tae in your path. it the fourth time in four months, u.s. pending home sales are climbing, up with an 1% from november of last year. contract signings also jumping more than 5%. this suggests the housing market remains supported by low borrowing costs, improving income growth and steady job creation. the u.k. is likely to. to a brexitosition transition. past 2020 according to the trade commissioner. he told the irish times not prime minister boris johnson is unlikely to honor his claim he "would rather die in a ditch then extend the brexit timeline

carlos ghosn, has arrived in lebanon, apparently by private jet, after leaving japan where he's been under house arrest, awaiting trial for corruption. the news has come as a huge surprise because mr strict bail conditions would seem to prohibit him travelling abroad. the japanese authorities say they're investigating. christian stadler is a professor at warwick business school, who's followed carlos ghosn‘s career. speaking to me from austria, he gave me his reaction to the news and some background to the case. it is quite interesting and very unclear at the moment whether he was actually running or whether there was some changes to the bail conditions, that he was allowed to leave japan. very little i can say about that. what is interesting here is the role of carlos ghosn in the alliance and the timing of the allegations in the arrest that came at the time when there was a power struggle, really, in the alliance between nissan and renault, the french company, which led to a lot of speculation that thank you at that particular point in time there was an arrest and the allegations. because carlos ghosn in some ways alleged that it was politically motivated, if i have that correct