the second point, i am not talking about renault because today the topic is not about renault. today the topic is about i left japan, explained why i left japan, and everything which happened to be in japan, which is linked to nissan. renault is not in the loop. that is why i am not intending to talk about that from the main topic. [speaking french] you are talking about your sister also being taken on. so what about morality in business? can you do business in the same way as five or 10 years ago? no, you can't. there is long suspicion as far as governments is concerned, and that is fine, but at the same time, there is certain agility that will be lost. but of course, there is a choice that companies accept. maybe it will go more slowly, but we will accept the rules. fine. but beforehand, you had to go quickly in order to seize opportunities. in order to go quickly, you had sorts at it.ber of once rules have been established, you have got to follow them. but in business today, relation to a five or 10 years ago, is very different. mr. ghosn: yes. oui. >> [indiscernible] do you

." >>> stay with us, the hunt for a new ceo at renault looks to come to an end. more on that in a few moments. >>> welcome back to "street signs. i'm julianna tatelbaum >> and i'm joumanna bercetche. these are your headlines >> european stocks trade cautionly as the treasury curve inverts for the first time since october amid growing concerns over the coronavirus >>> software slumps. the co-ceo jennifer morgan tells cnbc she is positive on the year ahead. >> we have great momentum. we are looking forward to a great 2020 when you think about the cloud portfolio we have, it has an incredible stickiness. we've already seen where the microsuites form around s 4. >>> renault's board will meet today to name chief executive as the next ceo as they struggle to rebuild its relationship with nissan >>> uk prime minister boris johnson promises a huawei solution as the national security council prepares to make a decision of the huawei's part in the 5g roll out. >> there is no reason we should not allow businesses to have access to great technology and protect security inter

renault. >> the trial goes on for so long, it's like you're under house arrest forever >> in a sense justifying his decision to flee and successfully do so, finding himself in lebanon, the first time we've heard from the former ceo since he was charged, incarcerated for some time and held under house arrest. it was interesting, he obviously defending himself in all different ways with a detailed presentation that included documents with his signature and many others, in terms of talking about what japan alleged were these diverted funds that went to his accounts, trying to say of course that was not the case, and then as carl said going in to going into questions about synergies and m&a and whether chrysler and fiat got together and why fiat didn't get together with renault >> there was a little bit of rambling but basically told the story of autos ex-musk >> michelle caruso-cabrera is there in beirut. phil lebeau is following the story since he did flee. he didn't want to talk about the logis

he has dismissed reports of ongoing issues >> the very man himself, the chairman of renault. it is a pleasure to have you with us. >> thank you >> i want to start off and talk about the stock performance of renault in 2019. it was a tricky year how much of that can you put to the external environment, trade war versus ongoing issues at the helm with carlos ghosn >> honestly, a lot is linked to the market and the auto industry is facing challenges all the markets are always anticipating issues. i think this may some day reverse. questions about the alliance, what are the new challenges, how are we going to get out of the situation? were on every mind but the good news, we are now in the new stage of the alliance. probably back to the spirit of the alliance when it was created 20 years ago when it was a success. now shaping up the whole thing in a way that we can only have positive news in the future. i really mean it management have changed. the spirit about the alliance is totally different. it needs time to go through the public opinion >> how is the relationship right now w

renault is up on the news. a stock we've been watching closely in europe. basic resources up about a tenth a percentage point no surprise. any positivity around the trade deal is positive for basic resources. let's turn and talk about chips and autos in more details. these were the autos this is one of the sector we've been watching closely. can you see that psa, puth owe is down. one automaker they own is nouane they are losing jobs renault back in the news as well down five tenths of a percentage point. we started off positive but back in negative territory. both renault and nissan have massively underperforms. both of down as investors still grapple with questions about what exactly is going to happen. that is the picture for autos this morning generally speaking, european equities are off to a luke warm, if not negative start to the session. >> thank you for the equities picture. let's talk fx now with our strategist picking up, i would say, on the biggest fx story in the last 24 hours. soaring to the heigh

a seven-year low for renault.unt of challenges self drivingfaces, cars, it's an expensive realignment for the trade wars that are still in overhang on demand. the timing of all of this is more than inconvenient. nejra: thank you so much. live for us in beirut. patrick armstrong is still with us. to pick up about what yousef was saying, is this something you see solidifying after we hear from carlos ghosn as the story develops? we are short automakers as a whole. it's an industry that is oversupplied and very low returns on capital. the average age of people's autos gets longer and longer. you don't see the turnover that you had. most profit comes from financing. , new capital expenditures that will be needed to get up to speed on those types of things. we think it is a very low return industry. looks cheap on earnings. patrick armstrong stays with us. don't miss our interview with the opec secretary-general. that is next. the go anywhere. this is bloomberg. ♪ >> the world cannot afford 100 daughter oil. that's --

in and brought nissan back from the brink of bankruptcy, and renault has voting rights and it is notention between the two. there is already that tension in the alliance. he is a man on the run, we ought to know how he escaped. there is so much speculation about how he got out of japan is so much speculation about how he got out ofjapan and ended up in levin on. i wonder if he gives detail on that. -- lebanon. there are so many theories on how it happened. whether he owns up to that, we will wait and see. it is his moment of truth. but when it comes to him seeking justice, this is the issue for him right now, isn't it? of course, will he be able to see justice or follow—through on these criminal allegations against him, which he has flatly refused right from the beginning? yes, he was already on bail, so whether this is going to make that case worse... it is hard to say. all right. thank you for your time. needless to say, it isa you for your time. needless to say, it is a story we will be covering for you like here on bbc as that press co nfe re nce for you like here on bbc as that

renaulte board of opposed this rule.ght because the law allows us, if there is more than two thirds of the shareholders voting, to pass over this rule. it was possible. we did not prevail because, as you know, the french state increased its stake into the company, blocked the majority of two thirds. we were not able to reach the two thirds of the shares. bitterness with japan. not only was the management of nissan, but also with the government of japan. , they considered that it is unfair that nissan on 15% of shares in renault, has zero voting rights, and different state has double voting rights. we tried to explain it. we were not successful, unfortunately. this is where the problem started. ofre started to be some kind events from our japanese colleagues not only about the alliance, but also about me particularly, when i had been asked before renewing my mandate . i was ready to fire before 2018. i was asked that i was probably the best person to continue for the next step of the alliance. unfortunately, i accepted th

and get rid of the influence that renault has they were right. >> you are saying the desire to keepissan as a national champion was so strong they were willing to destroy you and your reputation >> without any doubt without any doubt. look at what they've done. the statements that were made by saikawa made after i was arrested look at the cooperation, the complicity between the prosecutor and nissan, the support they got from the japanese government. the whole thing doesn't make sense. "fast money" it was often. they got what they wanted except nissan today is running into the ground this is the only thing they didn't think about is will the people be able to run the company and? and the answer so far after 14 months, the answer is no because the company operating profit is going down the growth has completely disappeared. the market capitalization of nissan went down more than $10 billion. everything is gown down. >> we also discussed, of course, his incredible escape from japan, this international cloak and dagger story worthy of hollywood movie. you can hear about in the intervie

by the way, renault is not better because the market cap of renault went down since my arrest by morero a day. 20 million euro a day. so when i hear a same made by a french official saying we need to concentrate on the 11 million euro of undefined expenses, i say yes, sure, why don't you come to me nobody came to me. you make an argument but the first-person that should be, you should come to the main person and ask him the question if you're not convinced by the question then it's fine but don't even come to me to tell me about the help to universities, the help to school you don't come to me and you just say unexplained expenses. i don't worry about this 11 million euros because i have an explanation. i worry as a shareholder of renault about the fact that i lost 35% of value and i still don't understand why i worry when renault goes down by all of this amount, the automotive industry is up 12%. so the only companies which went down in market cap for this period of time are, what a consequence, renault, nissan, n mitsubishi everything else on average went up 12% why is a company mad

obviously ghosn work for renault before moving to nissan and he has always believed very much in thate not keen on that, the japanese authorities wanted to maintain the autonomy of nissan, and by creating autonomy of nissan, and by creating a merger they worried that france and renault would have too much power. rachel burgess, deputy editor of autocar, thank you for coming by. well one company claim to have an answer to this little conundrum. chris fox when to test out the prototype at this year's ces tech expo in las vegas. let's take a look: i'm putting in a piping hot drink. this is almost too hot to touch. the machine, this isjust a prototype, will hold exactly one can of drink at the moment. and then, let's power it on. and now the can is starting to spin around in here. i can see the timer ticking down. it will take 90 seconds. how does this work?m isa 90 seconds. how does this work?m is a result of civil engineering and materials science. it is electricity —based with no environmental damage. we are constantly optimising the numberof we are constantly optimising the number of

second, there is a lot of people that really don't like a kind of merger with renault. as i was heading the alliance, they trusted i would protect nissan i would protect nissan from the fact that french government would interfere. they said why do we have to wait for this guy if we got rid of him and in a certain way, we get rid of renault. they were right. >> the desire to keep nissan was so strong, they were willing to destroy you and your reputation. >> without any doubt look what they've done look at the statements made after i was arrested look at the corporation, the complexity between the persecutor and nissan. the whole thing doesn't make sense. for me, it was obvious they got what they wanted. nissan today is running to the ground this is the only thing they would think about. would they be able to run the company. the answer so far after 14 months is no the company as operated is going down the growth has completely disappeared. the market cap has gone down more than $10 million. everything has gone down >> japanese are incredibly embarrassed that he was able

assan executives prepare for breakup with renault. whoan reelects a president vows to defend its sovereignty. we are live from taipei. ♪ francine: welcome to bloomberg surveillance. these are your markets. stoxx 600 trading size ways -- sideways. a lot of focus on the u.s. jobs report we saw in the u.s.. as you look at the pound it's 1.3003, we need to look at the trade relationship and negotiations between the u.k. and eu. up versus dollar currently 109.68. coming up we talk all things geopolitical and geopolitical at 11:00 a.m. london time. let's get the first word news in new york city. volcanoe philippines, a eruption is prompting evacuation of thousands. triggered earthquakes and spewed ash across manila. markets were suspended, experts morning a hazardous explosion -- explosive eruption is possible within hours or days. u.s., the nation is looking at reviving semiannual talks with china. there will be used to discuss the economic relationship between the company -- countries. today, china's vice premier heading to the u.s.. to s

doesn't know what made it to get its confidence and was afraid of was afraid that renault would take over the japanese manufacturers and that the sun find it necessary to take them out of the seat and that's what happened he showed a document that he believes it's proof that he's not guilty. that he will continue fighting to thought he could station it was clear in his confidence. now 11 the state prosecutor is also such an interrogator going tomorrow what can we expect tomorrow the state of public prosecutor will it will get in the morning to make cases the 1st case about the interpol notice and the 2nd case a lawsuit against mr wilson by lawyers for. 10 years ago he mentioned. this case made in his. confidence he showed he said he visited as the chairman of not a. citizen he apologized from the people. especially that according to you but you know it's completely forbidden to have any kind of communication with israel since the 2 countries are the state of aggression or war but what we know up to this moment that the judge will. not. tomatoes is a location more like a heating sessi

doesn't know what made it to get it was just confidence that was afraid of was afraid that renault would take over the japanese manufacture the. nissan find it necessary to take go some of the seats and that's what happened. some documents that he believes it's sure that he's not going to. continue fighting to restore is. what's getting his best confidence this issue us stocks surged after president donald trump said there were no american casualties and overnight iranian missile strikes and that tehran appeared to be standing down that's allowed investors easing concerns of an all out conflict in the middle east yes and p. $500.00 and the nasdaq at record highs hold an oil prices retreated and equity markets rose. our financial correspondent joins us now from wall street costello east market seem more than reassure it that president will manage to avoid deepening military conflict where are they getting the confidence. mostly by trying to compare with similar episodes in the most recent history you know there is always an exception to prove the rule though but investors in general seem

but there is a free to view before my niece and renault chairman could do a lot worse than the lebanese trial japan for example convicts 99 percent of defendants gone has described the japanese justice system as unjust the japanese prosecutors would support a lebanese trial remains an extraordinary proposition however lebanon after all is friendly territory for gone seen as a son who made good and many decry his treatment in japan. he did help nissan and renault to achieve this state yes as a businessman he did well indeed as a libertines man we're proud of him. gone stands accused of underreporting his nissan salary to the chuen of $85000000.00 prosecutors also allege his skimmed millions for his personal use gone has repeatedly denied all accuse ations questions remain as to how he escaped to japan japanese authorities search his talk your residence on thursday and turkey detained 7 individuals believed to be involved in gongs briefly over in istanbul theories are flying all over the place was he smuggled from his tokyo home in a musical instrument case did he meet with a lebanese pre

. >> speaking of the auto industry, renault shares are under pressure after citi downgraded to a sell saying they are running out of cash in the sale of stake of nissan may be the only option for the french carmaker i spoke to the chairman and asked him if the alliance had turned a corner. >> question of the alliance, what are their new challenges. how are we going to get out of the situation. the good news, we are now in the new stage of the alliance. probably back to when it was created 20 years ago which was a success. we are now shaping up the whole thing in a way that we can only have positive news in the coming future >> joining me now on set, the ceo of volkswagen. i want to take you back to comments we heard earlier from the panel. yet again, the prospect of tariffs was raised it is like a sword hanging over europe and the german automaker industry, how much of a concern was that for you looking to 2020. >> it is a concern but we are optimistic we are increasing our footprint in the united states we fully adopted to the new agreement in the investments for the region we are ju

the tallinn kami this is a demonstra the french government which evans a 15% stake in renault what toxtreme. the line missed nie all miscible witches fiat chrysler. let didn't go with their lines they always say. how can you lose your job opportunity to become the dominant player in this industry. the crisis comes at a difficult time for the global kama kit with consumer demand down from china to the us. tensions betweween the us and iran and iraraq led to choppy trade on the o oil markets at te international benchmark brent crude was tradiding att over seventnty dolls a barrel on monday nowow closer to sixty y e us wti d dropping to fifty nine dollars and seventyty cents. is he a fairly sharp fall after donald trump seem to ease away from the prospect of further military action analysts say the higher the risk of escalation the high oil prices will climb. moving on dresses is trading action the major europepean indices closed slightlyly h higher at the docks outperforming their desespite another slump in germany's industrial output. wall street's trending higher as well in what analy

unfortunately they were right because when you see exactly what is happening today, where renault hasow japanese have right saying we got rid of him we get much more autonomy. >> unfortunately as you know we are going to talk about the results the results deaf and hard-of-hearing people expected are not the one that that everybody was hoping for. so -- who are the people? i promise you names i am going to give you names who was top of the plot obviously, top harry part of the plot, because they showed but many other people. toyota member of the poured was link between board of nissan nissan and authorities i can he talk about what happens in the government of japan i can give you names i know that. but i am in lebanon i respect lebanon, i respect the hospitality has been extended to me by the authorities in lebanon, in no way i am going to do anything or say anything that would make that task more difficult so i am imposing on myself silence on this part of the presentation in no way i want to show anything or say anything that would hurt the interests of the lebanese people or lebane

he did help nissan and renault achieve the stature yes as a businessman he did well indeed as a lebanese man we're proud of him. journalist riccardo cover is a close friend of call this go and he spoke to him after his escape. knew he was confident about the future he's got a lot of plans and that's the most important thing he's surrounded by his family and friends he's at home here in his country. going to skate to lebanon is a stunning twist in a roller coaster journey that saw him fall from boardroom to detention center here he spent more than 100 days in spartan conditions far removed from his sometimes extravagant lifestyle the auto tycoon stands accused of an reporting his salary to the tune of $85000000.00 prosecutors also allege he skimmed off millions of dollars from the company for his personal use tokyo has no extradition treaty with beirut japan's justice department is left holding guns bond worth around 12000000 euros. steve basically from the businesses that are tracking this story for us welcome steve that there has been some progress arrests have been made. in this case w

tracy: let's talk about the company situation with renault and nissan.hese development going to help the company actually attempt to fix those ties? it seems like they will just create more noise. it is certainly making things more difficult. reporter: the timing of this could not have been any worse. renault has been trying to patch things up with nissan, next thing you know carlos ghosn is able to get out of japan, and now he's going to speak freely in the next few hours, potentially revealing more explosive information about what exactly happened. that is the last thing the automaker needs. officials have been speaking to bloomberg and they are concerned about the wider corporate fallout that will distract from their ongoing efforts. it is crucial for them to firm up for this relationship, because they are now in a time where they are facing trade wars. they are also trying to handle an expensive shift through electric vehicles through self driving cars. that kind of mistrust and uncertainty has hit the stock valuations. you look at renault's seven ye

nissan used says him as a scapegoat to block further integration with renault. today in a press conference. what are futures telling us? matt: markets are prered for a negative start. a may not be as bad as it looks -- it may not be as bad as it 0.6%. dax is off about we are paring some of the losses we have seen, and the markets are open. anna: as you say, futures leading up to expect a weaker start for european equity markets. tosee iran sending missiles we sawbases in iraq, ,hat knee-jerk reaction in asia and some of it was unwound. leaving aside gold and to some knee-jerk, some other reactions have been unwound. we will look to see how long these negatives last. stoxx as a whole down by 0.4%. similar moves in the netherlands and on the ftse 100 in london. a sizable jump in the british pound. let's look at things from a sector perspective. need to focusr we on, we have seen the oil price spike, and some is held onto by markets. we are seeing aviation stocks in the middle east region and global players shifting around flight plans in response to the level of t

new details on how the former head of nissan ande1 renault haa daring escape to lebanon.epens inre crisiso7o australia. we have the latest. jon: we are off to a bullish start+ in 2020. the stock markets in the u.s.ñr hitting all-time highs intraday trading. the s&p haj?h itsi] test perfore since 2014. a couple of stores and helped to fuel stocks overnight, the story out ofçó china wi4$wjjusrtur"ity coming into the chinese market, and the ongoing optimism surrounding u.s. china trade open to fuel equities. incontinue to see interest some of the best-performing groups, including technology. the nasdaq isñre1 up .7% today. one stock in particular we are watching is tesla. 100,u look at the nasdaq it has easily been the best-performing ;(v()hr' the last six months. it is getting anothere1 list toy target price for the shares to $515. not the highest on wall street but pretty close. this move coming ahead of the all-important fourthçó quarter e ecole delivery numbers which the market will be watching closely. shery:e1 you mentioned the chine liquidity injection. okthat was no

. >> renault shares fall to the bottom of the 600 as reports emerge that nissan is gearing up for a potential divorce. >>> the pound falls below 1.30 against the dollar after the bank of monetary policy committee says he would vote for a rates cut if there is no improvement in the uk economic data >>> welcome to the show, everyone the most senior commander of iran's revolutionary guard was called to a closed session of parliament after tehran admitted it mistakenly shot down a ukraine international airlines passenger plane. there were no immediate details asked of the official but iran blamed its air defense system for the crash, which killed 176 people the announcement has sparked protests across iran and protesters have called for the resignation of iran saying they tried to cover up involvement in the crash. dan is in abu dhabi. what a difference a couple of days makes the entire population was centering around the killing of qassem soleimani now a lot of anger at the government protests picking up similar to scenes we had last year. >> absolutely. very turbulent weekend in iran and in teh

he says let's get renault involved, mitt beer think -- mitsubishi involved, share the costs. felt, renault, french car company would be insult would take over one of their japanese companies and that was a major no-no. how do you stop isn't they couldn't fire the guy, so they figure we'll take him out. charles: japan notoriously xenophobic. this is a icon for them. but he did save the company from ruin. >> yes he did. charles: the year before he joined they lost $6 billion. he turned it around. he said he was ready to leave, they asked him to come back. >> he shouldn't have done it. look at the results. i mean here's a guy who could have saved their company. told them everything they could have done to make nissan stronger and instead they didn't listen to him. they didn't like his ideas. what they didn't hear is all the details where he would make one vote for this group company rather than renault taking over japan. instead, the executives at nissan decided we're taking him out. they set him up in a total coup. a movie without any question. charles: if he wants to make mone

renault chairman told belgian nenewspapers thahat the alliancs not dead and was nowhere near the pointf collapse. nissan has also point out to his statement today saying it was in no way planning to end the 20 year partnership between the carmakers. both companies have suffered since the arrest of the company's architect carlos ghosn.n. staying with carlos ghosn after his draramatic escae from japan. anannusual warning from m a japapanese company. >> i it was reported he was translated wednesday -- transported wednesday in a case for music. the japanese music instrument maker yamaha has advised cucustomers on twitter not to gt into large instrument cases. in a tweet, it said that it's too late once an unfortunate accident occurs. the compmpany tweeted agagain jt to say that it was really stating something that was quite obvious. in thee: i see a film next couple of years about how this took place. thank you very much for our round of the business. stay with us. we've got plenty more news headlines coming up after a short break. you're watching france 24. ♪ host: i imagine this,s, swall

. >> british recruiter hayes citing tough market conditions >>> renault's chairman says there is a strong desire to make the automaker's partnership with nissan work and there is no stress to appoint a new ceo in the near term. >> welcome to the show a lot to get through let's start with the monthly oil report to bring you some of the headlines there. global oil demand rose by 955,000 barrels per day year-on year to 101 million barrels in october. keeping oil demand growth for 1.2 million barrels a day on higher trade growth. no change on the oil demand front. global oil supply fell in december due to saudi cuts and seasonal decline of biofuels some interesting commentary around the geopolitical tension, iea also saying the oil market has a trong tension with non-production rise and large stocks >> on the geopolitical front, they make note that major threat to oil supplies appears to have receded. the key here is what joumanna mentioned around the strong cushion around the geopolitical tension. that was reflected in the way oil markets reacted. we saw the initial reaction. oil prices have

in the 1990s, carlos ghosn helped save french car—maker renault.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 have 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. stay with us on bbc news. still to come: the photographer who is helping foreign workers find love in singapore. the most ambitious financial and political change ever attempted has got under way with the introduction of the euro. tomorrow in holla

we will talk about renault and nissan. "balance of power" on bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. i'm david westin. juiciest story of the new year so far it is the dramatic and mysterious escape of carlos ghosn from house arrest in tokyo, showing up at his luxury home in beirut. there is about how what happened and secret private planes then instrument case, and turkish authorities retaining seven people in istanbul where he apparently switched planes. the one thing we know for sure is the two car companies he ran have not done so well since his arrest. we welcome our guest to covers the car industry. i read your piece about which car companies did well and poorly. i shot the lights out, but you see nissan and renault at the bottom. with both of these companies, neither immediate to censor -- successor for carlos ghosn survive 2019. both companies are a mess. carlos ghosn always had a knack for downplaying the tensions between these companies. those tensions

in the 1990's, carlos ghosn help save the french carmaker renault. the 2000 see took on an even bigger job, turning around japan's moribund carmaker nissan. he rose to become one of the most global figures in the car industry. but in 2018, he was arrested at tokyo airport on suspicion of financial misconduct. he was held in this tokyo detention center for more than 100 days, facing daily interrogations. >> thiis a conspiracy -- rupert: since his release on bail, carlos ghosn has angrily programmed his innocence, accusing his former colleagues at ms. sent -- nissan of conspiring with japanese prosecutors to manufacture a case against him. the media in japan 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. nuala: we can speak to an expert on the japanese legal system. he is a professor of law at stanford law school, joining me from new york today. thank you very much for joining us.

renault in one year lost more than $6 million in market cap.e, all of the r car industry went up, the average index went up 12%. it's a situation where for the sake of autonomy, not going with alliance, you are really absolutely declining accepting the current performance of the company. maria: how is it possible that the japanese government continues to dig in so much? i mean, they have put an arrest warrant on your wife now, carol ghosn. they have reached out to interpol to try to t get you gek into japan. were you questioned by interpol? >> no, i was not questioned by interpol. what i want to say is in fact, you know, the persecutors in japan don't like to lose. in fact, i came to the conclusion after many months of observing what was going on that what's important for them is to win, is not about the truth or what really happened. so they are going in all directions in order to make sure that there is no possibility for me the to be acquitted and now that i left japan, they are trying as much as possible to block my freedom of moving or fre

we will have plenty more on renault and your stocks. this is bloomberg. ♪ francine: economics, finance, politics, this is "bloomberg surveillance." optionsips is mulling for its appliances unit as it focuses on health care equipment, producing things like coffee makers and air. fires, it has 2.3 billion euros of sales. >> the profit is double-digit. we think it is a great business with a lot of growth prospects. we are at the beginning of the process of separating it into a legal entity. att will trigger interest the beginning of a 12 to 18 month office. >> airbus has reached a deal to settle bribery allegations. it could cost the plane maker $3 billion. it is subject to approval by courts in the u.s., u.k., and france. yourine: this is what markets are doing. yesterday was a tough day as focus was on chinese gdp related to the coronavirus. , thenwe started stronger we had a reversal as carrie lam was talking about measures they were putting in place to stop the spreading of the virus. the yen, there was a focus on havens and s&p future

, renault heech one with a headquarters but there's a way to make it in a certain way lasting in thependent of me. >> reporter: ghosn never had a chance to reinforce the alliance a few months later he would find himself behind bars, the start of a saga that would end with a middle of the night getaway spanning continents and capturing the world's attention. >> hear more from carlos ghosn, including new details of his spe spectacular escape during "fugitive ceo: the carlos ghosn story" "that's tonight at 10:00 p.m. on cnbc. >>> on deck, the latest on the trading day ahead as futures point to steep losses on those coronavirus fears. we're down more than 450 points on the dow also news that a boeing passenger plane has crashed in afghanistan. >>> you can always watch or listen to us live on the go on the cnbc app "worldwide exchange" is back in a moment o bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. doprevagen is the number oneild mempharmacist-recommendeding? memory sup

renault is nissan's largest shareholder.st-ditch effort to bring in fresh funding. lou berg has learned a canadian billionaire is willing -- bloomberg has learned a canadian billionaire is willing to inject billions of dollars. amazon founder jeff bezos is likely to face unprecedented protests this week on a trip to india. thousands of smalltime local retailers pledging to oppose amazon's pricing and exclusive selling practices. india is one of amazon's fastest-growing markets. i'm viviana hurtado and that is your bloomberg business flash. alix: time for bottom line, look at companies worth watching. today we will drill into apollo global management. the firm announced it is providing an 800 million dollar term commitment to new fortress energy, all part of the push to direct lending. joining us is james zelter, copresident of apollo global management's credit arm, which oversees more than $200 million worth of assets. lisa abramowicz is also with us. howard marks of oaktree was on earlier talking about direct lending. here

and he did help innocent and renault to achieve his stature. as a businessman he did will. indeed as a lebanese man we're proud of the. journalist ricardo carvalho is a close friend of call on this girl and he spoke to him after his escape. if you knew he was confident about the future he's got a lot of plans and that's the most important thing he's surrounded by his family and friends he's at home here in his country. guns escape to lebanon is a stunning twist in a roller coaster journey that saw him fall from boardroom to detention center here he spent more than 100 days in spartan conditions far removed from his sometimes extravagant lifestyle the auto tycoon stands accused of unreported his salary to the tune of $85000000.00 prosecutors also allege he skimmed off millions of dollars from the company for his personal use tokyo has no extradition treaty with beirut japan's justice department is left holding guns bond worth around 12000000 euros. the mara phone the 1st smartphone wholly made in africa has enlisted some major backers south africa's nedbank vodacom and now r

after interpol issued a red notice to arrest former nissan renault executive carlos go on thursday lebanese officials now say is due to be summoned by the country's public prosecutor next week and then almost unbelievable escape go and jumped bail in japan earlier this week and fled to lebanon to avoid trial there on charges of financials conduct the question now is whether golan will face any so. of legal proceedings of lebannon and whether that was satisfied to pat. everyone wants a picture of the man that might be here at his house in beirut but carlos gone has been a no show so far journalists from around the world are hearing clearing some reporters from japan the country here scaped and there are wild theories about how he might have done it on thursday the japanese police searched his empty house in tokyo for clues japanese news agency kyoto even speculated that go on was smuggled out of his heavily guarded house inside a musical instrument case gone was well respected in the auto industry japanese prosecutors accuse him of stealing some 5000000 euros from the automaker if convicted

the show a dramatic twist in the case of jailed auto executive carlos ghosn the former nissan and renault chairman has fled house arrest in japan. and kenya has too much teeth a better harvest has driven prices down even growers scrambling to find alternatives . this is your business report i'm stephen beard symbol and it's good to have you with us u.s. president donald trump took to twitter on tuesday to say he'll sign a phase one trade deal with china on january 15th the trump tweeted that the deal will be signed in a ceremony at the white house was with high level chinese representatives the deal was concluded earlier this month but many of its details have been slow to emerge including a signing date went on to say that he will go to beijing at a later date or face to talks with again. but the u.s. china trade conflict couldn't do it a slowing world economy couldn't do it slowing the global bull market proved almost impossible in 2019 putting indexes at record level by year's end the dow jones industrial average pictured here there it is rose 24 percent over the course of 2019 the big

claim to have been a victim of a conspiracy by those who were against his plans to merge nissan and renault he pointed fingers it's nice and executives tokyo prosecutors and elements within the japanese state i can't talk about what happens in the government of japan i can't give you names i know that but i am it depend on i respectfully but on. and i respect the hospitality that has been extended to me by your court is indeed done and in no way i want to do anything or say anything that would make that task what difficult going described his decision to flee japan inside this musical equipment box is the most difficult choice of his life new footage has emerged apparently showing him being transferred between private jets it is stamboul airport. back in tokyo prosecutors raided the offices of goans lawyer on wednesday junichiro hear a knock at says he was as surprised as anyone by his client's escape from japan. now that he's out of the country carlos cohen has shown he has no intention of keeping quiet about why he left and who he believes is to blame. turning our attention to africa now

will carlos go and say that's been the question for more than a week now after the former nissan renault chairman jumped bail in japan to flee to lebanon on an escape trial and financial misconduct charges is they'll set to deliver a press conference from beirut and many are hoping not just for the why behind his escape but also the how. historic this is the moment when carlos ghosn left japanese soil since his daring escape on the 29th of december the story of how he managed to get out of japan has been slowly becoming clear his belief that he was smuggled onto a high speed train in tokyo and delivered to can sight international airport near osaka city from there he left aboard a private jet ending a journey through japan that began inside a musical equipment box. however plenty of questions about the escape remain unanswered and carlos going has hinted to news networks that he may address some of those questions very soon he said that he has actual evidence documents that will prove that this was a coup to take him down he said that he's going to name names some people from the japanes