ray dalio saying he does not hold these views.g to make people who listen to the interview understand the way china approaches the world. haidi: our senior executive editor with the latest on that story. let's get you some stocks to watch as we get closer to the start of trading in shanghai, shenzhen and hong kong. evergrande and the border property sector key to watch. we are waiting any news on what the developer or make two dollar bond payments. -- developer will make two dollar bond payments. you should have a look at the huge fall we have seen in the likes of softbank in the tokyo session. continuing to plunge. other bad news for softbank when it comes to its portfolio of companies and investments. kathleen: up, we will be hearing from global research head of emerging market strategy on the outlook for markets heading into the new year. you don't want to miss some big guests. will be hearing from the bench president and ceo. plus the dell technologies president for asia pacific pair that is it from daybreak: asia. our markets

and ray dalio also see said okay, ray dalio is a beneficiary of the clown car, fish lip economy. he's a paper multi millionaire who has lived well off front mounting all the feds clown car antics. and he sees this, this is in from his latest writing on linkedin, but the 0 hedge covers it this way. dalio dangerously high risk of civil war in america, in his new book, principles for dealing with the changing world order. why nations succeed and fail? dalio points to the 6 stages of an internal order disorder cycle and estimates that there is a 30 percent chance of civil war. right. of course. and he said, he wrote that on linkedin, it sounded like he was talking about lincoln, you know, going back to the previous american civil war. but we've talked about the rising chance of civil war and america. and it could either be between the have yachts and the have nots. it could be between the big coin states like texas and florida, between the non bitcoin states. but the rising tension is palpable because of the rising genie coefficient. there's a sound, the spread between the very top a

still to come billionaire investor ray dalio has come under fire for the comments about china. he has advice on inflation that you may want to hear. how the outcomes of the midterm election could affect markets in your portfolio. libby cantrell after the bank. the best things america makes are the things america makes out here. the history she writes in her clear blue skies. the legends she births on hometown fields. and the future she promises. when we made grand wagoneer, proudly assembled in america, we knew no object would ever rank with the best things in this country. but we believed we could make something worthy of their spirit. snacking can mean that pieces get stuck under mike's denture. but we believed we could make but super poligrip gives him a tight seal. to help block out food particles. so he can enjoy the game. super poligrip. every business is on a journey. and along the ride, you'll find many challenges. ♪ your dell technologies advisor can help you find the right tech solutions. so you can stop at nothing for your customers. so you can stop at nothing for yo

ray dalio finally figuring it out. this goes really with the theme from a couple of summers ago, where the folks out the hamptons and in new york, were afraid of the pitchfork and torch bearing deplorable that the hilary clinton called and they were building bunkers underneath there, east hampton estates to protect themselves against the deplorable well now ray dalio says that from his pedestal over there at a failing manage money firm in greenwich, connecticut, that he sees the civil war risk at 30 percent. well, i'll tell you this, the risk of civil war is at a 100 percent. at the top of the show, we pointed out the clown car and the clown that is j pow, that created the fish lips of nomics. that is the reason why we're having civil war is the can't tell you an errors. the conselium airs. are those giant inflated lips on top of our economy? anybody who looks from the outside can see this. they could see that we have giant fish lip economics, the wealth and income gap. i think that's why you're seeing all that sort of

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still to come billionaire investor ray dalio has come under fire for the comments about china. he has advice on inflation that you may want to hear. how the outcomes of the midterm election could affect markets in yo (vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything. jack senate democrats are pushing the past president biden's build back better by christmas but can they hit the deadline and will include tax hikes during the top women conference in palm beach i sat down with the libby cantrill, she told me what the investment firm is expected in the final bill. >> a key party your job is to predict what is going to happen in washington, d.c. since there making multibillion-dollar decisions based on your outlook you can't let politics get in the way you have to call it like you see it. handicap the build back better plan, what will it look like and can it pass? >> that's a great point we emphasize what is likely to happen not what should happen so we don't overlay our political beliefs. we do th

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coming up, we will be speaking to ray dalio's fascination with china. also, the economy there.s bloomberg. ♪ >> you have to decide whether the rules of the place is a place that you're comfortable with. it was at the rules and go in there and you will decide if you're going to be part of that as a good citizen or you are not but you don't jump in and out. in other word -- in other words, china is a strategic play. you will not jump in and out and the amount that you're in should be that with which you are, but with. it is the same as an investor. it is not smart to sell on the break. rishaad: that was ray dalio saying that china is one of many -- he is one of many western players looking to expand into china. he has this fascination with china and it has caused all sorts of problems for him. he says he has a deep respect for the country but it is causing problems because his ceo there says he is not the same kind of -- anyone yvonne: that does make comments on china -- yvonne: anyone who makes comments on china is put in that box. he says that he is misunderstood when it comes

here's a quote from ray dalio.n of victory is his investment thesis, maria. to me, that's very disturbing. he says i believe that china is a competitor of the united states and that chinese businesses will be competitors of american businesses and you're going to have to have -- you want to have bets on both horses in the race. and then he says another thing in the same interview. if you deal with the question of whether it's a more autocratic system or whether you prefer a more democratic leadership system, have you to make that choice for yourself. let's look at the whole picture. i would say the chinese way of approaching things has a lot to be said for it so you have to make your own choice. the wall street journal reports just this month, i believe, that the chinese government and chinese institutions historically have ranked among bridgewater's biggest clients. so this man who is out there speaking about principles, who is telling the world that sees the chinese empire rising and that he thinks we should all

>> it is >> coming up ray dalio this guy you know what, andrew, i wish i hadn't been so nice that day i was shaking my head, i was anyway, faces some backlash for comments -- really, the united states and china are equivalent on human rights, really ray? you did well here. how's that $10 trillion you have for comments he made about china on "squawk box" last week. he clarified his statement over the weenekd. oh, okay we'll show you what he said. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care. jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever since we started using workday. what do you mean? it makes it easier to develop great relationships with our suppliers. now everyone, everywhere loves jerry. they sure do. they do. they really do. mmhmm. workday. finance, hr, planning and spend management for a changing world

maria: ray dalio wrote a book called principles and in it he is talking about the chinese empire andns. is that what the issue is. big investment professionals believe it's china's time and they want to participate in it. >> that is just wrong in that regard america needs to get to know this man better. i know the vision of victory he sees them as a rising empire and he says we should get on board with that. he said china is a competitor to the united states and you should have bet on court under both courses in the race. he believes he's playing both sides and he knows exactly what he's doing and there's a military competition and a technological competition and he believes we should be invested in their primary adversary that the league of its own that should not happen he should be taken to task for this, it's very different from the other wall street leaders in that kind of thinking to explicitly go in knowingly fund america's primary enemy is absolutely horrible. maria: is quite extraordinary new britain all about it in the vision of victory and we appreciate you joining us, tha

meanwhile, you've got wall street guys with dollar signs in their eyes, like ray dalio and larry finknto chinese stocks, take your assets up three times into chinese companies. if i were a ceo right now, of course i would be looking for another growth story. there's india, there's europe, there's an entire other couldn't meant. i mean -- continent. i mean, you know, china is not the only game in town. >> exactly. i completely agree, maria. there's so many other countries out there. maria: yeah. well, i mean, you know, to actually agree to fund the expansion of our main adversary seems pretty nuts to me because those companies are all tied to the chinese military as we've reported for several years now. mike, want to turn to tesla, ceo elon musk extending his selling he spree. it's incredible what a he's been doing. another $1 billion in stocks sold yesterday, mike. he's now unloaded more than $10 billion in tesla shares since he started selling last month. what's going on here? does he think the stock is fully valued? is that why he's selling or is this just him playing games with all

and you see everybody up to that life ray dalio, multi billionaire who's also talking about the rapid decline of the us and how you know, you need to protect yourself from the dollar declining. and in terms of this situation that the treasury secretary janet gallon describes on the ground like our observations just here in north carolina, is that everybody, it is like the roaring twenties people are out there, spending every single hour of the day as rush hour. people are house or spending consuming and it's it, it's wild because also like there are no work. so it's total entropy. decay chaos, like everywhere you go and he's an, a supermarket, any restaurant, any, the post office like there are no workers there. and there is lines out the door for every single thing you do. the dry cleaning in our area used to be 24 hour turnaround for years. now it's $67.00 days. so because they don't have any workers . so there is a kind of chaos and entropy and just disintegration happening very rapidly. well, this is the faustine bargain that really began with reagan. you know, the famous reagan s

romaine: what i think of bridgewater, we immediately think of ray dalio.y jensen are part of the equation, and so is ray. he has voting control over the permit is the sole director of the holding company that owns bridgewater associates. but this is a sign that bridgewater is trying to bring some added muscle from outside. in the past of a bridgewater has had very mixed success bringing in outsiders to help run the firm. david mccormick, the karen ceo -- the current ceo, was instrumental in bringing the outside directors. brought in margo cook, who is president of nuveen, the asset management arm , and also a cognitive -- arm, and also a cognitive scientist and president of barnard college. these are not the people who associated previously with bridgewater. they are still very important players as co-chief investment officer is at bridgewater. this is a sign that bridgewater is institutionalizing and preparing for a future in which ray dalio will play a lesser role. that much is a certainty. kriti: about a minute here. let's talk quickly about bridgewater

david: ray dalio saying that china is a long-term strategic play.many western financial players looking to expand in the world's second biggest economy. bridgewater actually manages about $5 billion of chinese -- making china one of its biggest clients by assets. it takes us to the crux of the recent market issue or one of the centers of gravity of property stocks. five year lows on the bloomberg age. asset sales. a lot of these worries hounding the industry underscoring concerns that equity investors -- as developers offload projects. debt. scrambling to raise money. let's bring in our analyst in our studios. to get us warm up for today. where do we start? new day, but what is the news today? >> we are seeing more asset sales. looking to sell its ev unit. it has a very low credit rating already. looking to exchange these $2.00 bonds, on in january and one in april. not unusual. they are joining the throngs. shimao also sold as hong kong projects at a loss. sunac also looking to offload assets and raise cash. it's joining the throngs of the distress

on human rights, ray dalio catching heat over comments he made about china, as if it is a parent discipliningts children when it talks about disappearing people in china. he had to walk back some of that, as we have seen many high-powered wall street executives walking back comments they made on china. jonathan: senator romney had some things to say about that. your equity market posited by a little more than 0.1% on the s&p 500. joining us shortly as we stare down the barrel of a cpr print, sarah house of wells fargo on higher inflation in america and an estimate at the moment that is approaching 7. six point 7% estimate of friday's inflation number. this is bloomberg. ♪ this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unli

and it's the same thing with ray dalio. this is a complete shame and a sham. re and make money. the rest of us are going to lose. i don't know how we're not seeing how their playbook plays out time and time again. and it's just a shame. maria: it's quite extraordinary and i want to get your take on this because my question now is where is the policy out of this administration to actually push back on this terrible behavior and pretty much allowing investors in the united states to fund the ccp's expansion. we had roger robinson junior on this week and he pointed out the fact that there are 5,300 chinese securities including more than 4,200 a shares that are let in the back door by index providers, 900 companies traded on the virtually unregulated otc market. in other words, enabling investors to buy chinese companies that are likely tied to the chinese communist party's military. we're funding their expansion. here's roger robinson junior yesterday. watch this. >> the american people are increasingly caring about where their money is going and how it's being us

ray dalio has taken to social media to say he had "sloppily answered a question about china" during an interview on msnbc. the founder of bridgewater compared china to --, when asked about the disappearance of dissidents. australian health officials confirmed the omicron variant of the coronavirus is circulating in the community. 15 cases detected such far. a new south wales health officer says he expects an uptake of cases in sydney. australia authorized vaccination of children aged five to 11 years old, with the rollout due to start in january. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. kathleen: thank you. his influence in asia may be receding as the country turns more inward. our guest joins us with more on that. and next, we look at the biggest economic indicators on top this week with anz's chief economist. this is bloomberg. ♪ ♪ >> we are starting to see cases literally every few hours to a day or two in the united states, and as we approach t

comments like this one about the chinese government this past week from billionaire hedge fund manager ray daliorough that. that is their approach. we have our approach. >> a strict parent, just like, you know, casey anthony. even companies that here in the u.s. pride themselves on progressive values, will white wash for gold, for chinese release of marvel's "dr. strange" turned a tibetan character into a celtic one, reportedly for fear of china. and a flag of taiwan patch and paramount's replacement patch, decidedly not taiwan for next year's sequel. here's disney in the credits for "mo "mulan," thanking them for it and where the genocide is happening. disney, of course, bought the rights for the streaming service. and this shows tiananmen square, the site of a brutal crackdown on protesters, a sign reads in "the simpsons" -- on this siete in 1989 nothing bad happened. disney has not responded for request for comment. that episode in hong kong disappeared like peng shuai, and journalists that china locked up for telling the truth about covid-19, disappeared like the consciousness of the million

there's been so much kowtowing by the corporate world, people like jamie dimon and ray dalio who arenew last name. he chose that when he became a u.s. citizen. let me play a sound bite and get your reaction. >> it's just unbelievable how these companies, how these corporate groups, how these, you know, businesses, these organizations and these companies care about money so much, you know? they should be caring about values, morals and principles, but all they care about is how can i make more money from communist party. it's a shame. david: jillian, very quickly, wç don't have much time, but he really spoke to the heart of americans there. >> yeah. he's absolutely right, and i think that shown a lot of courage coming out as an athlete and saying this. i would think more would follow his example. these corporations are taking a gamble, as we've seen in hong kong. if they can crack down on businesses there, it's not safe for western investments either. dave teafd agreeted. when we come back, school closures aren't just for covid anymore. we're going to bring you the latest on a growing

ray dalio comparing what happened in china where they disappeared jack ma, disappeared this tennis starrent. >> yes. this isn't like a strict parent, this is like communist leaders we know whether that's stalin or mao, we know these kinds of dictators and what they mean for freedom around the world and american prosperity, and we have to confront it. our business leaders can't engage in this kind of moral relativism. this is a government responsibility. the chinese communist party knew they had a dangerous virus on their hands, they allowed it to travel across the world, and the result has been millions of deaths. we need to, again, redouble our efforts to hold the chinese communist party accountable. i'm continuing to work on that. this is very important. this virus, to your point, it's killed hundreds of thousands of americans and millions of people and destroyed so many lives in the united states. and now we're permitting the chinese to bring fentanyl across our border, threaten the taiwanese democracy and hold an olympic games. this is something that the world's going to have to wor

ray dalio, wall street pros are talking about inflation.ms like they are so out of touch, right? >> they are and they're not doing anything constructive. i'm very disappointed in the fed, the meager effort they announced to rein in inflation, liz that will not have any impact for about a year. that is literally true. they should have stopped the monetary, buying of bonds right away as opposed to tapering slowly. i don't know what they're thinking honestly but in terms of joe biden 2024, read my lips. he is not going to run. and if he runs he will lose and every politician in america knows that this is true. he is not going to be capable of doing so. elizabeth: the biden agenda is over. it's done. they're not going to do it next year, congressman. i mean the far left losses are piling up. they didn't get free community college. they didn't get medicare expansion. they didn't get a wealth tax. they want $80 billion for the irs to ramp up audits for everyone, raise taxes when inflation is going up? this is a complete meltdown in the democratic

side of that, leslie, which is why we continue to lean into stocks here >> it sounds like you and ray dalioment. cash is not where you want to be thank you very much. appreciate it. >>> meantime, we're keeping an eye on shares of apple they hit a new all-time high yesterday. as you see, they are under pressure this morning. this follows a report the company has told suppliers of waning demand for the iphone 14. he replicated the neutral rating on the stock i'd love to start off with your take on this report based at least on the data that you collect regularly in terms of trying to assess demand. >> yeah. good morning while we get these reports often, i think i heard somebody say earlier, i don't get a phone call from the suppliers telling me what's happening with apple you know i don't -- i think we have to take all these things with a grain of salt let's say it's true, it's hard to interpret these tea leaves in this environment with this supply chain so tight and, you know, in a normal year, i would say this would be a likely negative demand indicator in this year i think it's very tough

>> ray dalio would disagree with that statement when you say should we, if you talk about most americanr side of the trade. if you talk about the biden administration as a whole the state department, secretary antony blinken, would take a harder line decision take the politics out of this. the reality is that china engages in very serious human rights abuses that we are uncomfortable with as the united states on the other handthe united states engages in human rights internationally and at home. canada would be uncomfortable with and the level of dependence on the u.s. economy means they can't do much about it it's hard to make the kind of stanlts towards china or the mba to make the statements or bankers. easy to do that to russia because we are not dependent on them opposed to the germans or others with more at stake in the russian economy. >> we'll leave it there. thank you. >> thank you. >>> let's get back for the numbers now from charge point and pager uty. >> we have a lot to go through posting a los of 21 cents a share on revenues of $65 million. q4 guidance slightly higher at 73

vonnie: ray dalio has taken to social media saying he has quote , sloppily answered and answer about china on cnbc. he now says he did not mean to downplay human rights and was attempting to explain the chinese approach to governing as an extension of confucian ideas about australian health officials confirmed the omicron variant is circulating in the community. 15 cases has been detected so far and new south wales's chief medical officer says she expects to see an uptick in cases in sydney. australia has also authorized the vaccination of children aged five to 11 with the rollout due to start in january. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. yvonne: still ahead, we speak with the president and ceo of the first and only fintech unicorn in the philippines. rishaad: next, evergrande finally moving towards restructuring. we discussed the risk of contagion in case the developer defaults. this is bloomberg. ♪ s is bloomberg. ♪ yvonne: evergrande's lon

ray dalio, some of these others who have their concerns and their doubts who is really behind this volatilityeah. what happened was there was over $1.8 billion of positions liquidated. they were longs. they were expecting the price to go higher. the difference between the stock market and crypto, crypto you're trading 24/7. so because of that there could be a lot more volatility, nothing to stop a "flash crash" or a fast increase. so it just, like i said, hold as long as you can, bet on the long term. look at the long trajectory on this thing and invest in the ones you trust. neil: do you think crypto investments go the other way from equity invests? or do you think that they can both continue to rise in tandem? >> i think they can both continue to rise. i think there is more volatility in the crypto side. you know? i think, right now, when you have all the federal spending and all this money the fed is pumping into the economy, it will be really hard to tell in an economy like this. but now, two or three years down the line, when some of that stuff, the fed starts easing federal spending thi