we had a really nights dinner with the port of shanghai. they've will want to come over and open up a port. shanghai is the largest port in the world one the things i like about china i've said it here in the states we do a lot of talking in china they get it done. and pete and jim has fantastically pictures of projects they've finished we learn now they spend more money in 70 santa in would month then we do in a year i thought it was a great opportunity for the port we had great meetings and i think hopefully, we'll really, really build on maritime at the port of san francisco we're all in and dedicated we've got all the partners and be stables so i want to have jim and peter come up. clearly there's a commitment thank you. >> next commissioner porter with the port as commissioner adams said we've had a long but good trip in shanghai we covered the spectrum of the political world china sf has promoted by a shrink and in san francisco the new office and the state covered and on the last day we met that the commerce division and saw the new

and osaka on march 15th. >> reporter: the low-cost carrier has launched a shanghai-osaka route. the company has also increased flights to other japanese cities. today, chinese travelers want a different experience from their countrymen who traveled to japan before. the publisher of a magazine about travel in japan says they bring 200,000 copies each month. the general manager said the chinese view on travel is changing, as they now are better educated, and more affluent. >> translator: for example, articles featuring nambu iron ware are particularly prop lar, drawing many inquiries. >> reporter: the general manager says readers are drawn to japan's traditional products. ones that are available only in japan. and embodies local history and culture. >> translator: in china, artisans often have trouble passing their skills on to others, so many craft techniques vanish. that's why we are doing our part by introducing japan's exquisite traditional crafts. >> reporter: lately the number of repeat chinese visitors to japan is set to be increasing. people in both countries hope the tren

in hong kong, after the deal with shanghai, a slight gain.t up, japan reopening after the break. ♪ >> carson block is feeling vindicated with the tumble for one of the short seller's targets. not so lucky after all. australians are told they will have to work harder for longer. the master of the masters. we take a look at one way to improve your swing in the big city. first, let's get the latest on the markets. zeb eckert is standing by. >> stocks across the asia-pacific today following a wall street move on friday where we saw the s&p 500 falling to a two-month low. the euro in focus today as the european central bank chief mario draghi over the weekend talked about possible monetary euro'ss to deal with the appreciation. it is filtering through. we do have the tensions in the ukraine in the background as the un security council holds those emergency meetings. this is what we have this monday. shares are inventing in hong kong could we have seen the index swing between gains and losses. those stocks leading on the upside, lifting us out of n

this comes after china's first ever bond default earlier this year by shanghai counters solar energy and how arrested late friday that it be for the lifting suspension after it reported a net loss in twenty thirteen that stops with the century mark in fact you really think you very much testing last month from shanghai with a run of maine and reactions. head over to hong kong where the rhapsody between life and sanity on what is a close contest. as a unix based in fairly choppy trade as opposed to abide zero point one percent to twenty three thousand and thirty eight points while technology shares remain to drive to a chinese man and banks were stronger but as developers on the end of blue chips a sinopec was a big loser is the firms bidding for a toxic meeting and said eight innings one hundred kong exchanges and clearing getting to train a program teaching shanghai and hong kong and the hunk on to speak to as much of what is something that i read about today's reading actually take it away soon enough. the six ton of water for hong kong market after opening losses the hang seng men

and here i see is for cctv shanghai. and that's it for busy asia for now we're back in ninety invasion time with another look at the sidelines this is the use of facebook twitter as well as costing the win with michael on beijing to see again youngstown the learner whom i was here to tell you from afar in crimes. nothing and no one are what or who the scene. not distinguished looking on to win. now police officers. not only has nine children. or even old fisherman. eleven. is this don't answer that it's inspector frank of saline was laid back manner belies his drive to get the truth. i do lol. the is. so fast. says salome is that. and it stayed it's good. the team is from kaiser groups and earnings too soon. some areas ability to uncover the truth may be his greatest strength but also consume in constant conflict with his superiors sydney nsw women also like the real thing it disappointed. the latest addition to the final two companies was so relieved scott monument and his conduct. the reason these critical come up. you

this news boosted financial shares in shanghai. investors were hopeful the program will attract more capital inflows into both markets and the shanghai composite. hitting a seven-week high today up 1.4% roughly, 2,134. the strength in chinese stocks pushed others higher today. the nikkei average ended flat, though, at 14,300. reversing earlier gains. a firmer yen weighed on overall sentiment. automakers were hit pretty hard. meanwhile, nonferrous metals were in demand following up beat earnings by a u.s. aluminum giant. in jakarta the main index closed lower by more than 3%. 4,756. investors wary of possible uncertainties in the country's politics due to the expected outcome of the parliamentary elections on wednesday. >>> china exports fell last month for the second month in a row. that's raising concerns about the future of the world's second largest economy. officials at china's customs agency announced that exports in march were about $170 billion. that's down more than 6.5% from a year earlier. and it was worse than what analy

-- and then people in shanghai can see what's happening.this is what scares the leadership. they only worry about two types of mobilization, students and workers and things that cross provincial boundaries, and this technology makes it problematic for both of those areas. >> indeed. yes. >> thank you. john powell from -- [inaudible] i have a question about the human capital in the government, chinese government administration. few people know that even in the -- [inaudible] government ministries the medium or even higher level official, their salary is parallel. maybe just $900 per month or just $1,000 per month. and is over the past -- and over the past few years and there is no, for example, if you want to buy a house, actually, the government officials cannot get more per village. my question is here in the united states there is kind of revolving door between an administration, public sector and the party sectors. -- [inaudible] if you jump out of the government, you can never come back. there's just a one way. >> right. >> i ask the pa

he's in shanghai.r anymore from prime minister abbott. >> what is our affiliate saying. >> this is from the jacc can. is this is the joint authority -- i can't remember what the two cs are. angus houston said on the information i have available to me there's been no major breakthrough in the search for mh-370. i will provide a further update if and when further information -- >> it sounds like it is tony abbott's version of what angus houston has told us all along. >> the fifth ping doesn't exist. they are waiting for information on when to send down the auv. no major developments during the course of the friday search day. >> of course in deference to the family and tony angus houston doesn't want to give false hop or information. >> i need to correct myself, the thursday search day. >> got ya. he wants to be careful when it comes to the families as well he should be and all of us should be. joining me is steve whose mother was on flight 370. as you hear the information from the prime minister, what d

the other is the big resorts and shanghai. we caught up and talk to him about that.e is more for what he had to say. >> i am very interested in not just disney today but disney long-term, well beyond my tenure as ceo. one thing that any ceo needs to do is not just manage a business successfully in the moment or to manage year, but it for success long-term. collectively as a management team, we invested in china, and not just plant seeds but to plant big trees that will hopefully fuel in or miss growth for the company, long-term well beyond my tenure. it means a lot to me because when i think about carrying on my responsibilities, shanghai disney land looms large. china looms large. >> you have talked about things of that park and resorts that are unique to china. myt are examples of that? >> charge to the team of imaginaries designing and building this, make it authentically disney but distinctly chinese. authentically disney because we are bringing a disneyland park to china. and our strong instinct and research is that people want a strong disney experience him up

in beijing on tuesday. 20 in shanghai. and also down toward manila, looking at rain and thunderstorms with a high of 34. thanks to tropical depression peipah continuing to drag its feet through the islands, and so because of that, 100 to 150 millimeters of rain expected on top of the past 24 hours, just in the 24 hour period seeing 100 millimeters of rain. so flooding continues to be a concern over in the philippines. and what's left of ita continues to move toward new zealand and now looking out for a chance for some rain and also possibly some flooding for the north island. we're going to finish things up in europe. beautiful conditions for the western portions of the continent, with high pressure controlling the weather. but low pressure back toward the east will be moving toward the south and east bringing rain for places like warsaw and vienna with temperatures topping off from 10 to 16 back over toward the west. sunny skies, 25 for a high in madrid. hope you have a good day wherever you are. here's a look at your ext

formula one motor racing there are only alice again and to the cells of the chinese gong prix in shanghai the lewis hamilton will again be in pole position his own goal stopped in a row. he dominated qualifying in his mercedes hamilton led the tasting bread bowls player of the office sick and couldn't complete a hat trick of wins on the shanghai circuit. it was hamilton looked relaxed after another stellar qualifying performance moments earlier he sealed pole position and saying hi finishing half a second faster than his nearest rival my friend the one standards that's a big margin. really enjoyed it. coasting great i think we did take a pee. we were shocked if we can improve on but it has a great job this weekend so. a good position for the rest of the week unfolds each month but the red bull prevented the silver arrows from locking out the front row daniel carter's that's seconds in shanghai steady rain. the australian once again outpaced his german team mate sebastian battle to grab her. championship leader nico are all staff will start sunday's race in fourth on the grant. richard and

. >>> china's shanghai composite with declines down 1.4%, 2,101. banking shares took a hit after data showed that the chinese money supply in march grew at its slowest pace in more than a decade. >>> a senior japanese trade official is on his way to washington now. he's taking part in a working-level meeting to forge ahead with the transpacific partnership free trade agreement. the deputy chief negotiator for the tpp left tokyo to meet acting u.s. trade representative wendy cutler. >> translator: there are many issues we have to discuss. and i don't think we can easily wrap up our talks. we want to narrow our gaps, and hope the u.s. will take a more flexible stance. >> negotiators from japan and the u.s. met last week, but failed to find common ground over the issue of tariff reductions on five agricultural products. these do include beef and pork. the two sides are also at odds over nontariff barriers on automobiles. japanese trade minister akira amari expressed hope for progress in the upcoming negotiations. >> translator: we've said that the jap

the shanghai composite retreated from a seven-week high that it hit on thursday. now the nikkei average giving up about 2.4% there, the 13,960. that's the lowest close that we've seen in six months. the yen's continued strength dampened overall sentiment. the operator of the eunuch low chain fast retailing chain plunged after cutting its profit forecast. the shanghai composite also with losses today. it was down just about 0.2%, 2130. market players took profits following a strong run-up over the last four trading days. also investors were somewhat less hopeful that beijing may provide further stimulus measures. and in taiwan, the taiex index losing almost half a percent, 8,908. that was a pullback from a 2014 high recorded on the previous day. high tech shares took a beating tracking the negative performance of the sector in the united states. >>> japanese consumers are tightening their purse strings. they're spending less now on tvs and other digital goods, ever since that consumption tax went up from 5% to 8% on april 1st. analysts at a private research firm bc

not in the energy for it and that's the news or from shanghai will have her back to you i thank you very much no one or two from shanghai to push on it and it was the last meeting it was a teen and teen hunger when that deep today was a mexican state of the serpent four percent at twenty two thousandone hundred and thirty three and thirty two points. index heavyweight and said that technology shut down following the sight of it appears on friday on the stack and how gaming stocks was driving the markets down today however the weakness isn't raining on everyone how some chinese stocks came here including banks and telecom stocks and all things celtic have lost is on ensuring that the h share index things and they don't install point two percent. the concert we had diner on the hong kong for more details to re not one of the trading action scene hong kong and the peace. surely all kong shares continued to trade lower today following last week's losses. tech shares as you mentioned worth it. feeling the heat. among them was market heavyweights hand saying which is the key drag on the benchm

he spoke during a visit to shanghai. the ahn agency coordinating the search says a fifth signal detected by a sonabuoy is unrelated to the black boxes. search leader angus houston says based on the latest information there's been no major breakthrough in the search for flight 370. >>> while the loved ones of passengers aboard flight 3370 have been through -- 370 have been through such a roller coaster, twists and turns, they have to respond to this new development. to pauline chiou joining us live from beijing. what has been the reaction from family members as we get these comments from the australian prime minister expressing some confidence that the signals that have been detect read from the so-called black boxes? >> reporter: they are digesting the comments and are fully aware of the comments coming out of perth saying there have been no major breakthroughs. there is a bit of the mixed message you touched on earlier. that's been the complaint of relatives here. that was their complaint with the malaysian officials ea

osk hasllis k -- mitsui taken overits ships by shanghai courts.itsui was ordered to pay $28 million in compensation. it is appealing against the ruling. america" facing the challenger "rio 2." disney's decision to release ahead of the summer has paid off. a glitch for two of the world's largest gold miners. no gold giant being formed on the horizon. it seems that there was a hang up when it comes to finding and identifying the right minds to -- right mines to spin off. barrick gold is the world's number one. they planned to announce his deal this week. both companies wanted to have a deal announced before each one's annual meeting. sources say negotiations could be revived. don't discount the gold giant just yet. they did try to merge several times in the past. according to sources, they still have an interest to do it. a bridesmaid but not yet a bride for these two. >> right. when you look at what is happening with gold, a lot of the reasons many say a deal would be helpful is because it would allow each company to not face such a depressed balan

shares in shanghai and shaw -- and hong kong, trading lower today.owing that mmg acquisition, acquiring the las b ambas mind from glencore. we will continue to follow that any impact on commodities. look at the asx 200. this is what we have among those stocks moving. amitil continuing that decline from friday. friday, it fell to a five-year low on a profit warning from the new ceo, allison watkins. this as investors say they were caught offguard. the shares falling. the main amitil, coca-cola bottle or in australia down almost a 5%. the nikkei 225 has been swooning between gains and losses. active,makers have been including suzuki and toyota. in brewery space, sapporo brewery is up over 3.7%. watch for shares of sharp. they are big decliners today. sharp down on the order of 8% in tokyo. let's check in on southeast asia. jakarta continuing to trade this morning. these are the key movies -- movers to the upside. we will continue to watch this market, as well as emerging market currencies. we have seen this move in the euro, and we are also watching th

the senate is based in the us in nineteen ninety six the first in snack of facing china open in shanghai. meanwhile china's first private lives on internet companies. this is not so cool and ninety school funding on open for business day in two thousand and eight china us up as the us and this was copies of the encounter with two hundred and ninety eight millie and what supplements recent figures show china as was launches a number of intense he says of the six hundred million chinese cyberspace has become an enormous every night covering all aspects of people's lives and is increasingly impact in china's political and economic landscape. but what this had very humble beginnings starts with the dreams of some passion and calling is twenty years ago with more on our coverage of the twentieth anniversary of the path of jonathan's not change how sat down with one of the innovators of kids not that he's doing just that china's top internet research the truth when you use the president has been an unguarded internet research here. returned from the united states. these freshly on peach tea. i

china fro zone trade per diem program he give us an explanation of how it works and specifically the shanghai trade program that's going to be interesting. forbid china as a whole. with that, peter. what we are going to do it could be in 90 days with the port commission and put the plan together for the next 5 years and we want you to impasse - embrace it we want to make it happen. they were out but you've got to be all in and putting the brainpower together so testified what is impressive in the transportation center in china we jumped on the transportation center their subway system it was in chinese and mandrin but it's amazing how people move in the city their ahead effort transportation i was impressed with their fast trains and stuff like that they've got the bullet train from shanghai to b.a. shrink and i'm hoping we get that >> commissioner adams. >> i really have nothing to report no honors to report. >> i'm sure that will be recommended. >> i want to commend commissioner president katz for the lgbt port diversity group that's a huge effort and i need to be connected it's much needed

the other is their new resort in shanghai. we caught up with bob iger and talked to him about that.is what he had to say. >> i am very invested not just in disney today but disney long-term, and one of the things that i think any ceo needs to do is not just manage a business successfully in the moment, but you manage it for success long-term, and among the decisions that we have made, collectively as a management team, was to invest in china and not just to plant seeds but to plant trees, which will hopefully fuel enormous growth for the company long-term, well beyond my tenure. so it means a lot to me, because when i think about my responsibilities, my legacy, shanghai disneyland looms large. china looms large. >> talking about things and that theme resort that are unique to china. what are some examples of that? >> there is the team of great imagineers, and we are bringing a disneyland park to china, and our strong instinct and the research that we have done supports this, that people want a disney experience. but we also know like any other place in the world, there are cultural

investment by a shanghai court.tion claims they were ordered to pay $20 million in compensation. they appealed against the ruling and lost. the top of the north american box office for the third straight week. drama ispp's sci-fi released ahead of the summer. a check on what is going on. we have a lunchtime break. it indicates a move to the with just a6% little bit of pressure. it is below the psychologically important 2000 level. off theei is brushing japanese trade deficit that widened more than anticipated. up by 1/10 of one percent. down at thently start of the trading day in india. we will be checking the futures and that is what we have at the moment. we'll take a look at events in the ukraine. three people have died in clashes in the east of the country and are exploiting the pretext for invasion. ministeran foreign blames ukrainian nationalist for the violence. they say they have right -- the right to send troops. crimea -- anomous newly-autonomous crimea. they will remain in crimea and serve in the russian

to be in shanghai and stepping stone to promotion to beijing. there is a little bit of constraint on the independence of action or thought but you picked up there is very different approach in a place like shanghai. the other two things we learned down there that sort of stood out for me are that, they definitely are on whatever level and whatever lasting significance, i'm not sure but they definitely are picking up on these external forces because if you look, for example, at the just glossy brochure about the shanghai free trade zone it uses terms like preestablishment, national treatment and negative list approach to regulation which is straight out of the american playbook. in the by the negotiations, bilateral investment treaty, they're for whatever reason using those terms and adopt ad negative list, whatever it is, negative list meaning that you can do anything you want except the things that are listed on a list open approach. by the negotiations. because it implies a whole different approach to regulation, instead of going through a hug

china's shanghai composite could not maintain i wants earlier vast index. closed lower, .3%. 2,098. >>> jap neesz consumer sentiment dropped in march for a fourth straight month. the country's cabinet office says that's due to concerns about the impact of a higher consumption tax. the cabinet office released the results of its monthly survey. the consumer confidence index was 37.5. that's down one point from the previous month. the researchers asked 8,400 households about their spending outlook for the next six months. all indices including overall livelihood and income growth went down. officials downgraded their overall assessment to showing signs of weakness. >>> google has posted record profit for the january to march quarter. this is due to strong online advertising revenue. executives a t the u.s. internet giant say net profit in the three months rose 3% from a year earlier to nearly $3.5 billion. sales rose 19% to more than $15 billion. the main factor here was higher income from online ads. these do account for 90% of total revenue. google's sales c

the shanghai composite with a slight decline there, 2,097. shares of real estate firms came under pressure after data showed that the average increase in home prices for china's 70 cities slowed in march from a year earlier. and in taiwan the thai index finishing at 8,966. major chipmaker tsmc jumped after the firm posted better than expected profit for the first quarter. during the trading session the taiex broke above the key 9,000 level. first time that's happened in nearly three years. south korean officials have been pretty busy negotiating free trade agreements with many countries. they signed their first deal ten years ago with chile. since then they've inked agreements with 50 countries, and they're working on deals with six more. now we asked a professor at catholic university in seoul why south korea's been pursuing all these trade deals. >> well, i think the korean people, and the korean government, are convinced that ftas are unavailable and also very beneficial to korea. as well known, korea doesn't have that much natural resourc

and cooling down to 17 in shanghai, as well. but quite soaring to 37 degrees in bangkok, with hazy conditions. now, across the americas, we are seeing beneficial rain finally falling over the southern parts of california. but not just rain. there is a risk of thunderstorms and hail. with potential flooding. this system is more of a concern. it's going to be producing severe thunderstorms from the gulf -- from the great lakes region down towards texas. this is the outlook on your wednesday. the worst-hit area is going to be found in places like kansas city, as well as oklahoma city, even tornadoes cannot be ruled out. and into thursday, the area will spread further towards the east, affecting much of the eastern parts of the u.s. we cannot rule out the possibility of large hail, damaging winds, flash flooding, as well as tornadoes. now, because of extremely high temperature over the south and low temperature over the north, we're seeing thundershowers. to the north single digits for you in denver, as well as chicago. but heating

the shanghai composite seeing slight gains up about 0.3%, 2,072. that's a rebound from a two-week low that was logged on monday. still investors remaining a bit nervous about a flurry of initial public offerings planned as they were wary of an oversupply of shares on the market. in hong kong the hang seng index down just over 0.1%, 22,730. market attention on china resources holdings which ran into pretty heavy selling today. chinese authorities have been investigating the chairman of the firm in connection with suspected corruption. here in tokyo the nikkei average declined nearly 0.9% to 14,388. that reversed earlier gains, investors were focusing on corporate earnings from large firms, and that will get in to full swing later on this week. justices on the u.s. supreme court are weighing in now on a long fight between the argentinean government, and investors that it failed to pay. in 2001, argentina defaulted on its debt. it's been in a legal battle with bond holders ever since. lawyers for u.s. hedge funds won decisions from lower courts that c

officials with shanghai maritime court announced on saturday that they have seized it. the ship's owners admit the osk line say they're trying to figure out what to do next. court officials said in 2007 that a predecessor to mitsui had been in arrears on leasing fees for two ships. that were used during the japan/china war. the conflict broke out in 1937. the court ordered the company to pay compensation of about $30 million. lawyers for mitsui launched an appeal, but in 2010, china's supreme people's court rejected it. >>> the managers of other japanese companies with assets in china wonder whether the seizure will have implications for them. former chinese laborers and their relatives have filed lawsuits against several companies. the complainants say they were forced to work in japan during world war ii and they're demanding they be compensated. japan's chief cabinet secretary yoshihide suga says the seizure of the japanese cargo ship is extremely regrettable. >> translator: china's move could shake the basis for normalizing bilateral diplomatic ties as set down in a

riders showednt off skills in shanghai ahead of the world extreme games. they wowed the crowd. a double grab backflip. >> the dash cam video capture this. was causedlaims it by national -- no one was hurt in the explosion. >> let's watch that again and again. a ufo.s like this is the latest on manned spacecraft. morpheus. it will be an instrumental addition. let's see how emerging markets are trading. jonathan ferro has the chapter. >> we checked out equities. the ftse is up .4%. $1 trillion is the magic number. that is the value announced this year. driving across europe again today. corporate deals today. it is a big deal for macro data and fx moves. not because of german inflation data. down year on year. showing an improvement. for the at bank lending 23rd straight month. will the ecb address it? german lawmakers. he says that she we is not imminent. it is unlikely, for the time being. 1:00 p.m.ne number at u.k. time. the sterling. in four minutes. expected to come in at 0.9%. the bank of england chief had comments this morning and talked about the considerable slack in the

in china the shanghai composite also with gains just slightly it up 0.2%, 2,105. higher financial shares helped the index to end in the posit e positive. some investors were a bit wary of slower signs of growth in the real estate market. in sydney, the s&p/asx index up 5,420. shares of mining giants finished higher of bhp billiton lifted its forecast for iron ore production. >>> japanese and american trade officials have yet to reach a breakthrough in an asia pacific free trade pact. a japanese negotiator is sounding optimistic as pressure mounts to reach a deal before prime minister shinzo abe hosts u.s. president barack obama at a summit next week. deputy chief negotiator hiroshi oe met in washington with wendy cutler to discuss details of a transpacific trade partnership. they hope to pave the way for talks later this week between top trade officials from the two countries. oe says he and cutler are starting to find some common ground. >> translator: we have not yet narrowed the gaps between us. but i'd say we are making progress in negotiations. >> japanese an

she joins us now from shanghai.id. >> reporter: well, actually, when you were reporting on the prime minister's trip across asia, don, we were having a conversation about a trade agreement between australia and china. while we were in the room, the reporters started to get information about the latest ping. he was asked a question and came out really with not what we expected, but a stronger statement that he made about locating that black box. he said we do have the signal what we're looking at, we are confident that it is the black box. of course, that signal is now starting to fade. but suddenly confident that we've seen where those signals are coming from. that we've narrowed down the search. he did say, though, don, he doesn't want to go further with what he says, and tony abbott, the prime minister, as he was getting off the plane to have a meeting with the chinese president, at that meeting he has told us he will talk about mh-370 and deliver the very latest update that he has to the chinese government. >> th

well, broadly speaking, if you look at the a share and h s, those tradede in shanghai, and h shares,d in hong kong -- the spread is relatively volatile. to ave been close long-term discount, which you can see in the top panel of the chart you have. it could very well narrow with the tie up that is being discussed. it is all stroke -- also interesting in looking at the flows that come back and forth, we could see the opening of trading for some industries in hong kong that really aren't available in the mainland, such as gaming, luxury goods, technology stocks, for example. there are a lot of dynamics that can play across different industries. >> that dynamic has been something well noted. you talked about this roller coaster that we've seen. broaderake a look at china stocks, this roller coaster and a shift in leadership that seems to be connected -- tell us more about what you are seeing. fascinatingty actually. if you remember back in january, the whole world came under the suppression of a growth scare. since then, the developed markets have certainly caught up in performance. you

shanghai composite clawing back some of the losses 2,072. dollar weakening against its japanese counterpart. so a stronger yen doesn't body well for the exporters and by implication the equities market. we're coming off from this two-week high we saw on monday. residual caution as we hit the full stride in japanese corporate earnings in the next couple of weeks. be watching that as an indicator and as a prism to view its success or failure if the case may be through. elsewhere, broad consolidation in some markets. i want to point out the -- there's a sense it could be hotter than expected. >>> back to our top story, astrazeneca shares have been soaring in london on reports of an informal takeover offer from pfizer. cnbc understands that pfizer is mulling an offer which values astrazeneca at more than $100 billion. a separate report is saying astrazeneca has hired morgan stanley to advise on this potential bid. novartis has unveiled big changes to its portfolio. it's going to be acquiring the oncology division of glaxo smithkline for $14.5 bi

all the dprk is the skies to shanghai carry on or as an investigation is underway. so we can get more of a story from now on cause one is shy and humble rejoices in seoul additionally in what can you tell us about the latest on the search efforts to look at the cargo ship and of course does the dprk simon's eleven of them. still missing. i did when locals officials here say that the suffering navy has located the exact location of where the ship went down the pin pointed to a location about thirty four nautical miles south east of the south korean island of calm window which is located off the southwestern part of the korean peninsula the location just about five hundred meters from where the original distress signal was sent out early friday morning. bad weather has hampered search efforts thus far i like to say eleven coast guard and navy ships is will sport aircraft taking part in the search. from here on out although crews have been able to locate the sunken ship work to salvage it is not going to be an easy task. the waters of in this area are over one hundred

responsible for the design expo two thousand seventeen in hanover the design of the international shanghai automobile city and he was part of the firms involved in the next pitch for lead to twenty games in two thousand eighteen as well as for the people woke up and cooked our twenty twenty the end of the oven. we are among the opposition on to deal with what exhibitions and events worldwide interest in general for example photo a couple of games with a very good reputation in this field the pizazz of extensive consulting in frankfurt also emphasize the importance of the german company's involvement expo two thousand seventeen. which he loves to extend the visitation an architectural office of albert speer is very important because it is an internationally known office that the many interesting objects around the globe frank oz has been working in the architectural office in the early nineteen nineties raised in the project director appears that still plays the company was involved in from hanover via shanghai what is needed not to touch down. what confuses the working title the project wa

steps to open its financial markets authorities say they are setting the mechanism that would allow shanghai as well as hong kong investors to both use the chinese yuan has settled into investment in each of the stock markets it's possible to that investors could buy and sell the same stock in the same day regulators continue be the first to redesign time is kept to a landscape after committing some high paced investors to trade hunk of scott's advice marseille officials say the move could condense the use of many in the village idiot least the chinese un peacekeepers settlement currency for the partition outside hong kong connect. in addition research is underway to allow investors to buy and sell the stocks on the same day she show. the fish inside the new program is not opposed to the car and to keep program which allows supported by foreign institutional investors to buy and sell chinese stocks joe show tried to tie the central bank governor said the two markets will complement each other julie given up on anthony's hong kong is a global one and went on my cheeks. we have many internatio

is in the project director appears that still plays the company was involved in from hanover via shanghaiwhat is needed not to touch down. what confuses the working title the project was related to the general theme of exposition future energy. their vision this was the last drop of oil everyone knows that little b finish one day and this is why the last trump balloons be embedded in this big basin which represents one for possible future energy. an exhibition dedicated to one hundred fiftieth anniversary of the mission set fire to open an essential state museum the well known cause and a commendation is associated with the foundation of the republican geological survey and academy of sciences of her thinks that our president and patriotism of a mission to buy of the country learned about many riches he did in the depths of its plant in early thirties of the last century proved existence just as the copper deposit which was estimated as a large world at the time of discovery. geologists of bias was awarded with the order of lenin for his achievement the new knowledge and the order of leni

you can enter this in china international technology has opened in shanghai. the three day event is china's biggest platform for trading technologies. hundreds of chinese and foreign companies are tending to show how technologies and services to improve people's daily lives and in and brings us this report. new technology that changes people's lives patients who need them up from the moment is one of the game against stoke and suffer from. instead they can swallow the remote control have seen with a can of condensed up with no stomach problems. the cdi diesel our technology is seen a leading position and we are to first a captain in the world's commercial license. it reduces the chances of getting infections. i helped him who voted to oppose the and potential customers to have it choked me alone. it is a piece of foam for taking time on it is the second tank national economics bank and i have to take over nine hundred chinese and overseas companies which had heeded the call to any teeth even though we're in each of the internet to fear gives me the chance to s

. -- shanghai di i don't think i'm headed to shanghai soon. >> there's always a lot you can discuss with disney. on top of the fact that bob iger is a clippers fan and everybody is talking about that. it is not everyday they introduce a new park and resort. billions of dollars already invested. they will invest even more. this one plays into the potential ceo changes. tom may be a frontrunner. he is running the parks division. and for iger's legacy. we talked about what this park means for him and the future of disney. i am very interested in not just disney today but disney long-term, well beyond my tenure as ceo. and one of the things i think any ceo needs to do is not just manage a business successfully in the moment or for the quarter or the year or the tenure, but to manage the business for success long-term. decisions that we've made collectively as a management team was to invest in china and to not just plant seeds, but to plant a big trees that will hopefully fuel enormous growth for the company long-term well beyond my tenure. it means a lot to me. when i think about carrying o

we have two ships calling out of shanghai. we really felt there is a next step available to us.n participate in that sector right now by bringing our newest and most state of the art cruise ships to shanghai. >> why is the chinese customer emerging as such an important customer? >> i think they have the same hunger to see the world. it is only in the last ten years or so that they have had the permission to do it. >> this is important. >> our thing is that there is wealth and inkcome building up particularly in the coastal communi communities of china. there is enough income and wealth development there to fuel our growth. so we're not too fussed. last year the italian ship, are people still nervous about taking a cruise? >> the industry has had an opportunity to prove its resilience over and over. the people who repeat cruise with us know that we take great care in everything that we do. that they will find out what experienced cruisers already know. >> and that's a marketing issue but kpabt folks at home considering a cruise? they want to make sure that it's a great vacation?

paris, different feel, shanghai, different feel.to do list for new york city to emulate best practices around the world? the on the ground management of our subway system has always been first rate. york'sblem is that new system is actually bigger than all of these other cities, and it doesn't have an -- does not have discrete lines. london, paris, hong kong, there are 11 or 14 separate lines. >> and you are given your geography and geology, aren't you? >> > we have two systems, the independent irt system and the cars are not fungible between them, the tracks are different. spread out, 700 miles of subway. >> i have to make some news. oar over horses in central park. >> i believe in horses and carriages. the first time i ever kissed a girl was on a horse and carriage. >> breaking news, the first time he kissed a girl was in a horse and carriage. for the first time in ages, i'm speechless. trying to figure out where to go with that with richard ravitch. we will be back. so much to do. and the girl in the horse and carriages in the bo

he spoke with reporters during a visit to shanghai.stralian agency coordinating the secretary of, the jacc, they say a fifth signal detected friday by a sonar buoy, s unlikely to be related to the plane's black box boxes. the prime minister says there's been no major breakthrough in the search for mh 370. >>> as you can imagine, the families of the passengers aboard the missing flights have been through so much. we spoke with the parents of one of the malaysian passengers aboard flight 370. you know, they're holding on to hope on ththat their son will c home. >>> in fairness, my heart is telling still they are alive. all the passengers are alive. >> the couple's son was an i.t. specialist and was heading to beijing for a new job. he was married with two young children. and he also took care of his parents. >>> it has been an agonizing waits in malaysia and -- agonizing wait in malaysia and china. pauline, these families have been through so much, so many twists and turns in the search and investigation. the australian prime minister th

ryan,g me now is sean managing director of china market research, joining us via skype from shanghai. will start with you. is the valuation fair? >> the valuation seems quite high to me. there are a number of reasons. the first, if you look, weibo lost $47.1 million in q1 of this year, a bigger loss than last year. also importantly, their revenue in q1 of this year is five percent lower than it was at the end of q4 2013. #looking worse and worse. also importantly, as we talked the mobilerday, phone messaging system has gotten really popular in the last three months. weiboquite negative on going forward. >> tell us how twitter and weib o are different. is 100 40 chinese characters. what are you can do things with video. >> there are many ways financially they are different, too. twitter have the vast majority of users on mobile. twitter is doing a much better job of monetizing users with more revenue coming from mobile than desktop. desktop-ce ll very ntric. twitter's revenue is almost double and they have almost twice as many users. threat, not as big of a now that we have seen the nu

they have become very popular in shanghai and beijing, but they need to go into the cities in china whereeople are not as tech savvy. that is where they are seeing most of their growth. >> when it comes to the ipo, how do you expect weibo's offerings to be different from twitter coming out of the gate? >> i think people are excited about china and the continued growth. the one thing investors need to note is before alibaba control 20% stake of weibo, now it is 33%. it will be key how weibo can be integrated into alibaba's commerce dominant. weibo is not really outside of china. they have not really translated their interface into english or any other language. it is a pure china play. i don't think he will be competitive against twitter anytime soon. we chat on the other hand has done in english and the entire world. i was in south africa giving a speech and everybody in south africa was using we chat. >> we will be watching. we are waiting for weibo to price at any moment. shaun, thank you very much. we will be right back with more "bloomberg west" right after this break. you can watch a

the shanghai composite closing at a two-month high, up by 1.4%.he reason being beijing, the securities regulator allowing cross border stock investments between hong kong and the mainland. securities climbing by more than 6% on that news. this is further evidence of capital market liberalization. so the markets are watching this closely and they liked what they saw. elsewhere, s&p/asx 200, we continue to see the aussie economy firing on all four cylinders. the aussie dollar pushing onwards and upwards. around 94.5 cents against the green back. that's where we stand right now. back to you, sir. >> sri, thank you. have a good evening in singapore. >>> it's time to get aggressive. charles evans, the chicago fed president, says the mandate has been too weak. the current unemployment rate of 6.7% overstated the strength of the employment picture, he says. he added the central bank should wait at least six months after ending its bond-buying program before hiking interest rates. this all comes after u.s. equities rallied on the release of minutes from t

bear in mind, the hang seng and shanghai both came off from session highs. similar story for the aussie dollar interestingly. did make a run on 94. couldn't quite get there, 9380 was best we got. that was the session high. the interday chart has been peeling off. aussie dollar, a good metric at which to gauge the china data because australia, china, still very big trading partners. there's stimulus debate to be had in the japanese market. we got some commentary from kuroda, the governor of the boj today. he was signaling to parliament that stimulus isn't necessarily imminent. he did maintain a positive view on the broader economy. did also say there was headway being made to achieve that 2% boj target within about a year's time. so it all looks positive but the market still seems to believe, ross, that we'll see boj action expanding the asset purchases in about two to three months time. the end seems to be trying to factor this in as well. the dollar yen is worth looking at that cross that has been quite well bid recently. perhaps it has to did with the cpi,

donald came close but kutcher gets the win. >>> in shanghai for the chinese -- lewis hamilton tryingontinue his dominance for the early season. that's how harry can be when these races are going and first, it was aalonzo and another car coming up on his left. they got all spaced out for the third. a week an and a row it was hamilton that took the checker flag. >>> and that'll do it for this early sunday night sport chats. we'll see you later tonight at 10:00. >> wow, good call by kutcher, huh? >> yeah, everything that he did today. >> oh, you are talking about the challenge >> yeah, the challenge. >> the line up or what? >> yeah, i am talking about it all. >> they have to decide if those challenges, if you do it early, we saw that in the series against the arizona when the giants used it early. you have to decide early in the game if you want to use it. you are right. >> thanks for reminding. >> coming up tonight on the 10:00 news, we'll have much more on the breaking news that we have been following in the east bay where a young boy near drown today. >> we are always here for you kt

the car shows in beijing and shanghai most important we hear, in the world. >>> let's turn attention trade. president barack obama flies to japan for talks on a trade deal to slash the cost of buying and selling goods between the world's number one and number three economies. it's called transpacific partnership. it's part of a series of bilateral trade agreements around the world. companies are losing patience with the world trade organization. there are failed attempts to reach a global deal. our correspondent asked the chief if side deals were more useful than global talks. >> in terms of market. access, they go further of course. they're talking about two or three, or five countries negotiating amongst themselves. it's easier to find room for new marketxd opportunities. >> for lowering the barriers? >> yeah, amongst them. in terms of discipline for example, subsidies, fish subsidies, rules on antidumping, measures, trade facilitation. regulatory issues make sense laterally. >> one of the fundamental principles is every country should treat trade partners equally. the idea of the