>>> an affluent residential neighborhood in shanghai, china. from a rental space in an apartment building, various courses on chinese culture are on offer. on this day, students are lea learnilear learning thai chi. the 300-year-old martial art combines slow, focused movements with deep breathingai chi. the 300-year-old martial art combines slow, focused movements with deep breathing exercises and has its roots in chinese philosophy. in the past, it was extremely difficult to master, but was simplified in the 1950s. tai chi are provided at $24 u.s. a lesson. most of the students here are non-chinese. >> i see people do it in the park here and i always wanted to try it. >> i wanted to get to know the chinese culture a little bit more and i thought it would be a great experience. >> it really -- it just relaxes my mind a lot. >> at present, there are more than a hundred foreign students. and the number keeps growing. the arts and philosophies of china have developed over thousands of years. and as the world pays more attention to the country as a

you're from shanghai? >> yeah.ast in modern times, it's hard to imagine that any place has changed as profoundly and is changing as quickly as it is changing here. >> we really feel proud. we really feel proud. our qualities of life is improving really, really fast. >> in a poll, 85% of chinese who were asked the question, do you feel that your life will be better next year, 85% said yes. it will be better next year. that's an extraordinary -- >> number. >> -- number. i don't know a lot of other countries that would say that. >> yeah. >> that looks great. famous chicken. >> chicken. >> mm. so good. >> not bad. >> you know, i'm finding this food really, really delicious. you're saying it's just so-so? >> it's okay. so-so. >> wow. mariecan make any occasion feel more special. so she makes her pie crust from scratch, and sprinkles on brown sugar streusel. so that you can spend more time making special moments with your family. marie callender's. it's time to savor. we thought we'd be ready. but demand for our cocktail

we are joined now from shanghai. through some of the changes. >> for months now, they put out this draft of guidelines with feedback. some key provisions require using vehicles registered for commercial use and having drivers with experience and a clean record. perhaps more important, the government will have to say how many permits they will grant and cannotes like uber provide services below costs in order to undermine the competition. >> what is the likely impact that would be had on the company's? analysts think that this will raise the bar for the company's and potentially slow down the expansion in china. have raisedes billions of dollars and expand in china. me thatstry is telling condi -- the price stability undermining and they are facing unfair competition. rule is theortant requirements of the government to have a say. you imagine the chinese cities and each government saying how many permits they will grants and this will present a higher hurdle. >> thank you very much. let's move its along. company saysh

it made a lot of sense to bring the penfold launch expressed to shanghai. -- launch experience to shanghai they expect china to become their largest market, passing australia, europe, and the americas. for theaken five years winemaker and his team to bring , includinge 2011 grapes from grapes planted last century. he said that last night's event was a showcase for these spectacular ones they have unveiled. spanss is a winery that 170 years. parents, for growers, grandparents, a lovely collegiate effort. there is a lot involved. it is client contact. he said it himself, along way from australia, a very big gullah event with the latest penfold collection in shanghai. event with -- galla event with the latest penfold collection in shanghai. angie: the slow down in the hotel industry. we have the hard rock ceo when "first up with angie lau" returns. stay with us. ♪ angie: checking some other stories making headlines around the world, german chancellor angela merkel says everyone must pay their fair share to solve the migrant crisis. eu leaders meeting in brussels to restore order in a region s

traitors.s his brother's wife stayed in shanghai. one of their brothers went back to the united states and join the army and not in world war ii. totally unusual story. i can't even decide which ones to feature when i write about. herbert? >>ened to one of the more grisly deaths and unexplained. on the night of august 15, 1945, he either, depending on who you ask, don't -- committed suicide or was pushed out a window, murdered, supposedly by the japanese as a farewell parting gift. he was found with his throat slashed and he either did it himself, which seems unbelievable, but he was died -- he died and was found in the garden of german embassy. >> your paper will be turned into a book. do you have a title? >> it is tentatively called immigrants from america. >> thank you very much. we look forward to the book and we appreciate your time here on c-span three's american history tv. unification to my mind is far more than a matter of cosmetics. to me, it describes the whole effort to bring the natural world and man-made world into harm

ab bloomberg editor joins us live from shanghai.k about some of the changes being proposed right now? : they released draft guidelines on saturday, seeking public feedback. some of the key regulations proposed include requiring internet booking companies, such as uber or its chinese rival, to use only cars that are registered for commercial use. the drivers themselves have to tests,, going for some and have minimum driving experience, and perhaps the most important role is that local governments will have to say how many permits they grant for such cars. angie: ok, this is very critical for uber and its chinese rival. ont impact would it have their future and their business? kongho: there is one analyst we the rules as says applied in the current form would deal a devastating blow to the industry. now, the current business model the chinese company is to sign a private owners of private cars using the app. by requiring only commercially registered vehicles be used, this potentially raises the cost of compliance and shrinks the pools

let's go north to shanghai right now.ow, as we look at the port of shanghai, three vessels waiting to come and support. let's look further north into china. i will take you even closer to get a better sense of what is happening here. there is the port where we had the massive fire and explosion about a month ago. that is why that for remains -- port remains closed. let's take a closer look. i promise, i have lots of ships waiting for you. these vessels are waiting to get into port because of the backlog in china. the wait for the ships is going up dramatically. as they wait outside these terminals -- you can see, we can go in even closer. these are ships that have finally made it to court. -- port. those out at sea are charging a fortune. they are of 92% over the past three years for ship owners. they are making a lot of money as they get their ships into port and the chinese are willing to pay that money because they want this crude oil at very cheap prices. i just want to zoom in very quickly here. we are coming back do

we go to hong kong and shanghai. a look at what is going on in shanghai. upside.o the .72%. 225 with a possibility of a bust. why some are raising the alarm about chinese debt markets. rishaad: driving the rebound when it comes to global equities after the birth best worst quarter in years, the biggest weekly gain since 2012, oil $51 -- $50 aose to barrel. many people think the federal reserve will raise rates this year. they said officials are feeling good about the u.s. economy, but concerns that china's slowing growth and spill over to other markets. strengthen the case for a hike next year. bill gross is suing the company he helped to build over his controversial departure last year, he claims what he calls a cabal of directors try to take his share of the profits. he says it is not about the money because he would give it away to charity. pimco says the lawsuit has no merit. japan heading into lunch break. here is a look at what has been moving the markets. >> we have seen a great pickup in oil and metal trading companies which has lifted sentiments any regio

shanghai flat at the moment. korea weighed down by a number of those disappointing earnings we have been covering throughout the show. malaysia pretty flat. i want to show you the impact the oil price is having on some transport stocks. we have seen a big pickup. crude oil is trading near that three-week low making things easier to manage. air china did pickup by 4%. seen airways climb by as much as 4% volume. 65% their normal daily average. let's have a quick look at how the oil price is faring at the moment. and 50.10 higher, 40 55 prices inurging land shanghai. they are seeking to rein in the property market. news, asia real estate editor. i hope i didn't murder your name. the driving force behind these property valuations. >> over the past year or so since last november china has change the real estate markets. months seen in recent they have eased restrictions such as payments for homeowners. that has spurred an increase in real estate prices and we are seeing that particularly in larger cities. rishaad: it

nikkei up, shanghai and kospi with gain over night.4 points, lost of .4%. >> cheryl: this is how u.s. is going to open. dow futures down and s&p pointing lower by 7. >> nicole: is under house arrest for the next four years. he was originally sentence, he is now staying at his home. last year he was found guilty of manslaughter for killing his girlfriend. they want him charged with murder and will appeal next month. >> stay on sports star for a second. we have johnny who maybe in trouble again. quarterback go into a high-profile argument in a car last beak with his girl and questioned on the scene by police, that mansell got physical with her. he hit me a few times. >> while you were in the car? >> yeah. >> the league plans to investigate. no place like home for toronto blue jays. victory over kansas city royals. win cut deficit in al championship series. each homer in six-run third inning. will try to get the blue jays, faces young in game four. philadelphia eagles made fewer mistakes and beat the new york giants and sent, and had thre

shanghai composite is headed for its steepest advance in four weeks.comes after $.29 in the first quarter. volkswagen's top u.s. official will tell us that he was aware of the emissions in 2014. he was alerted after the publication of west virginia university's study that found that diesel models admitted far more during driving conditions than allowed during federal standards. now earlier, we heard from the imf director of market. his message to the u.s. federal reserve, there is no shame in waiting to hike rates. for the latest minutes released today, former treasury secretary larry summers has said that holding off on a rate rise is exactly the right thing to do. larry: i have been very clear. reason that there is no to raise rates. until you see the whites of inflation's eye. i look at the data out there. i do not see inflation as close to the horizon. i think we have to be focused on making sure that we're doing everything we can to grow this economy. i talked before about public investment. there is also a lot we can do to spur private investment

the shanghai composite up 5.7%. -- up by .7%. korean one and aussie dollar also with earlier losses. it does leave the government 70% target -- it does leave the government 7% target within reach now. david has been sifting through the numbers. 7%id: we are growing below for china, that is the third quarter number. 6.9% year to date, a little bit below the 7% growth target. given the measures they have put seem they areoes confident they can meet their target. just to put this into context, 6.9%, it was 6.8% was the estimate. if you look at how large the economy is, that translates to $110 billion in additional output. it is a fairly big amount of output. this is more interesting -- services clearly the biggest portion of output for the first nine months of the year when you look at the primary industries, everything from agriculture. you can see that on your screen. 40.6%. iss, they areg m continuing to scale back the overcapacity issues. you have this big drop when it comes to property, housing investment fell 12%. go,il sales,

shanghai is at the front on the moment. the asian market is delivering, but what does that based on? we think it could be based on a lot of chat around the market. we could be saying further stimulus from beijing. it is interesting because you can compare and contrast that with what is going on in the west right now. you can see on the shanghai composite, a nice move this morning. we are up 3.5%. let me show you what is happening right now with u.s. features. what we see at the moment is a negative story. let's focus and a p are. s&p tradingw and negative. the are not down by much. we have a lot coming up throughout the day. this is what stanley fischer has said overnight. participants myself -- and is a pay to that achieving these conditions would entail an initial increase in the federal funds rate later this year. he cannot take december off the table. we will get a lot of commentary throughout the rest of the day. charles evans and lyle are talking late into today. into thatoing on story as well. the asian markets are f

the trading day to come online here in hong kong and shanghai.awaiting those growth numbers. here is juliet. we are seeing the china and hong kong markets open a little higher although china has slipped into the red. you mentioned, a lot economists expecting this is going to exacerbate the china slowdown story. we have seen investors bailout of a lot of the so-called risky assets, the ringgit, the aussie dollar. i nikkei of 2.25, down by about 1%. tgere -- the weakest they are down by almost 9%. we are seeing a number of the mining players lead to the market lower. evolution mining, they are down by more than 70 -- down by more than 7%. we are watching the currencies because that is where we are seeing weakness ahead of this china data. flat to the safe haven yen. the yet is stronger. -- leanne is stronger. let's get over to beijing and bloomberg news chief asia economist tom holick. tom: the consensus forecast is for a 6.8 per -- 6.8% year on year growth rate in the third quarter, down from 7% in the second. that weakness reflects a number of fa

in 1940, he was a fairly well-known english broadcaster in shanghai. he was hired by the nazi government to be their big-name broadcaster in shanghai, broadcasting propaganda to the far east. when the u.s. went to war with germany, this guy stayed on, and became one of the more infamous traders, whom we don't remember at all anymore. at the same time, his brother fled to the national chinese capital. his brother's wife stayed in shanghai, pretty much abandoned, and made her house a safe house for american intelligence agents. one of the brothers went back to the united states to fight in world war ii. unique of atally story. steve: what happened to him, do you know? prof. brooks: one of the more deaths. in 1945, he either committed suicide, or jumped -- was pushed out of a window, theered, supposedly by japanese as a farewell party guests. he was found with his throat slashed, which he either did himself. he died. he was found in the guards of the german embassy, the day after the war ended. steve: do you have a title yet? prof. brooks: it is tentative

shanghai bounces back. today exactly 1 and a half percent. shanghai and nikkei. >> cheryl: ftse right now trading mix, trading a little bit lower by 12 points. not a big loss there. dax trading by 17. >> nicole: lost dow futures are up about 40, s&p up 6 and nasdaq up 15. >> cheryl: Óscar hope to go get out of a rock in a heart place with the ratings. chris rock will be next year's show host after 11 years rock is back and hope he brings 42.2 million people watched him last time after the show. rating slump specially last year with 37.3 million viewers. academy is hoping that rock will boost ratings among african american viewers. broadcast will be a run under a new production team after previous show management. >> nicole: let's turn down to sports. new york mets are going to the world series. the mets finish off the chicago cubs 8-3 with four-game sweep. it was magical for the mets. that has never been done before. it's the first time the mets have been in the world series since the year 2000 the mets will be trying for first title. you can

the shanghai index closed up nearly 3%. chief asia economics correspondent in hong kong. enda, what is behind the china gains? are we playing catch-up or has there been a change in sentiment? enda: good morning. i just think it is a bit of a post holiday glow will stop i don't think the story on china has changed very much. it remains the same, but we are going into very important week, which will give us a string of top-tier activity data. we are going to get trade numbers, inflation numbers, gdp, which hotel is how the economy travels through september, and whether it is getting traction. beyond that, we will get the new five-year economic plan from the communist party. where they want the economy to go. we are heading into a busy few weeks on the china economy front. over the lastkly, week with what we saw on the back of an ugly payrolls report, an unwinding e.m. the msx recovering, emerging stocks recovering. is that a short-term swing or is it something more fundamental? enda: i think you have just summed it up well. i

the shanghai comp sit down three percentage points overnight. a lot to discuss. that is what is happening with markets. here is what is happening in the next hour. capital improvements, credit suisse banks raise more than $6 billion in fresh capital. we speak to the ceo. bad is it the new good in japan. disappointing trade data since stocks higher. towardsarrels impeaching its president. ♪ so credit suisse is to dollars as alion strategic overhaul. reporting earnings that missed estimates following a loss at its investment bank. francine lacqua sat down with the new ceo. she has how he measured success.

shanghai index gaining more than a percent. hang seng up half a percent. kospi korea up about half a percent. >> let's look what is going on here in europe. don't forget the fed minutes yesterday. fed not likely to raise rates too fast here. we're seeing gains across the board.

the shanghai market trading on a positive note. let's take a look at what is driving sentiment. >> it seems that china's investors have come back from this break on a buying spree. we are seeing the shanghai composite up by nearly 3%. lifting the overall region which is higher for a seventh consecutive session. we have seen on markets since april. a couple of reasons than we are seeing this big positive movement coming through in china, i will show you every center is moving higher. we have the government stimulus efforts from the pdoc during the golden week break. also, trade is getting more bearish on whether or not there will be an intimate rate hike in the u.s. tech stocks up by about 5% as our health care stocks. here are the bigger movers and likely in the energy space. during the period china was close, oil prices rise by 17% over the. period. petrol china which has been doing well in hong kong, the a share market up by nearly 10% and that is the best -- 3% and that is the best value. ping an insurance is looking good as wel

property stocks in shanghai doing incredibly well. ofting the daily limit 10%.beijing, also a strong day. thanks for that. let's talk about this rebalancing that china is going to undergo. at $10 trillion economy. expected to be front and center. also becoming -- almost becoming accepted wisdom that rebalancing is a good thing. is that really true? some are saying no and questioning beijing's tactics. let's bring in malcom scott. the critics, the voices are getting louder. malcolm: there is a view that says it may be coming to early. this year, some of the businesses, rather than investing too much, china at its current stage is not investing enough. itital stock per worker -- is huge. guys are saying it can be. there should be more machines per worker. china still lags. there could be as mitch -- much as many years. rishaad: it is not always the most efficient way of dealing with things. malcolm: what level of efficiency is the investment coming through? someone said that singapore has a high level of investment. why do they do so with china? the key is whether

you are seeing the shanghai composite advancing 1% as well. will we are seeing generally in other markets across the region. continuing its performance up 1.25%. today, the debut of china's reinsurance. a competitive space there. 2.6%, $2.77, it was in the premarket. nice again. ipo to $2.70. china reinsurance dominant nationally in china. that is what investors are watching. this ipl is what we will be well -- will be following throughout the day. rishaad: going to get to that trading day. how does this stack up? zeb was just pointing out that there is competition from international and local peers? >> it is actually priced in line with the peers. in terms of the size of the business, is definitely asia's largest, china's largest, and also the eighth largest in the world. what is interesting is that they are clearly focusing domestic markets but trying to branch out. focus,: what is the where kevin grow? -- where can and grow? steven: the american markets might not be on the radar at the moment because they have 20 of stuff to play around wit

four ships home ported in shanghai.urrently carries chinese passengers to countries like japan and south korea. last year, donald put his chief operating officer, alan buckelew, in shanghai and signed a deal to develop the cruise industry with a local operator, china merchants group. arnold: there is a lot of work to be done in china. we have to have ports developed so the chinese guests have destinations to go to. but the reality is that it a good market already today. betty: yes. arnold: we have four ships there. three on our castle line, one on our princess line. both brands are profitable. the chinese government has declared through their five-year economic plan their intention to develop the cruise industry. so that means a lot of things will happen relatively quickly. we want to be there to help make it happen in a way that we think will help the chinese government establish the cruise industry they want, that will be sustainable for years to come. betty: so how often are you there now? arnold: i have been on the

it's tun about one tenth but nikkei, shanghai, kospi all upless than 1%. >> nicole: we are seeing daxgains right now. >> red this morning, dow down 33, s&p about a quarter of a point. percentage point to be exact, similar story for the nasdaq. >> nicole: watching oil, getting a little bit of bounceback. a little is, keyword. 1165. ten-year yield 2.06% this morning. likely to continue this week, starting with apple after the bell tomorrow. now analysts expect apple to report $51 billion, that would be 21% increase. apple shares may push nasdaq to new record highs. twitter also out, up from a loss of 29 cents a share. revenue is forecast to be at or above the high-end of the previous investments. more information after announcing lay ah and stock to employees as well. >> economic news key, the federal reserve announce whether it will hike interest rates. for data with new home sales. investors will be watching washington tomorrow when federal reserve policymakers open two-day meeting. latest report on home prices and consumer confidence. all important decision on interest rates comes at

shanghai took a beating. anna: shanghai coming under more pressure. the boj does meet.he fed and ecb, focus on central banks as we head toward the end of the month. guy: the bloomberg terminal, 0.5% we think on the euro stocks. uisse, weke credit siu think will open a little higher on the back of the major strategy. anna: let's go to caroline hyde for earnings stories. caroline: breaking news when you look at switzerland. company, making news and another area. leaving.s this is the company, agricultural company. bid for by monsanto. up goes the share price. down it comes when they rebuff the offer. saying, they are concerned about latin america. 12% drop. is steppingceo down. he says it is time for a new perspective, the leader. the new leader is the cfo for the time being. also, breaking news on this patent maker. shares, $400 million worth. amending the debt facilities by restructuring to the tune of 6000 jobs. are rightsizing the business, so they say. metals, commodities. prices under pressure. lonmin shares, down 80%. over the past five years. remember the tragic f

the shanghai composite holding on right now to that eight-week high. we are seeing money coming through from energy players. taiwan has also come off yesterday's high. up 0.25%.ares are you can see here that the oil and gas stocks are falling. crude fell once again, but some other stocks looking pretty good, some up by 0.8%. we're seeing a big switch out of health care stocks. japan is hurting today. generally, we are up, and that is the first win of the week. rishaad: a surprise from japan, unexpected trade numbers. we have that data, offering little encouragement. they do make a bleak assessment of the situation. in china, david has been looking at this evidence. down for china, and some structural issues in japan. it has been a sluggish reading so far. quebec to january, we are about --growth in exports for 2015 going back to january, we are at about 6% growth in exports for 2015. emerging markets find themselves a much the same situation right now. we have a surprise deficit for japan, looking at ¥115 billion for september. months where to 42 exper

shanghai up 3% on news of a possible stimulus by the chinese central bank. china's economic slowdown is the reason the fed reserve has not raised interest rates yet. over the weekend, the fed vice chair says the u.s. economy may be strong enough for a rate hike by the end of the year. >>> stocks ended on a high note. the dow closed up 34 points. posting six straight days of gains. the s&p 500 finished up 3%. >>> and chrysler launching an ipo for its stake in ferrari. traded on the new york stock exchange under the symbol race. r-a-c-e. >>> tensions escalating between israelis and palestinians. we are live next. trate ds, illuminate dullness, lift sagging, diminish the look of dark spots, and smooth the appearance of wrinkles. high performance skincare™ only from roc®. >>> a new round of stabbing, shootings and bombings over the weekend escalating with the israelis and palestinians. a person tried stab a police officer this morning and a 13-year-old palestinian who died sunday after shot by a rubber coated bullet in the west bank. prime minister benjamin neta

shanghai, nikkei up. kospi down .5%. at least shanghai gaining 1.% there.'s check europe right now. we're seeing up arrows across the board. all three stock indices are up more than half a percent. footsy is up .447 points. cheryl: u.s. stock index futures looking like this. flat start to your friday but a gain nonetheless. s&p up by one. nasdaq higher by 10 in the premarket. nicole: let's turn it to former nba player and reality television star lamar odom, continues to fight for his life at a nevada hospital with his family and friends by his side. odom was found unconscious in a nevada brothel ingesting what officials said was a mix of herbal sexual stimulants and cocaine and alcohol. there were reports that odom spent $75,000 a lot of ranch over the course of three days. cheryl: turning now to sports, the new york mets, they eliminated the los angeles dodgers on their home turf last night with a 3-2 win. the mets are now headed to the national league championship series against the chicago cubs. the dodgers scored both of their runs in the first inning b

. >> nicole: invests or -- shanghai to the downside. >> cheryl: china's economic news not hitting asia. cac about 18 points and dax about 82 so watching for you. >> nicole: dow and s&p pulling down. >> cheryl: we are at 46.79. we are down, gold down about $10 right now. >> nicole: let's check the currencies. jap's yen down this morning. >> cheryl: that is a loss of 1.9 basis point. >> nicole: democratic presidential candidate hillary clinton speaking of benghazi. she is scheduled to testify on thursday. >> i think it's pretty clear that whatever they might have thought they were doing, they ended up being partisan arm of the republican national committee with unoverwhelming focus of trying to, as they admitted, drive down my poll numbers. >> nicole: the chairman of the committee saying new information shows there was a total disconnect between the security needs in benghazi and clinton state department. >> cheryl: meanwhile on the republican side, donald trump and jeb bush clashing over the 9/11 attacks. tump suggesting he could have prevented terrorists attacks that killed around 3,00

shanghai squeezes and kospi down in a row. pressure on credit, u.s.nside. dow 89 points. s&p down about 12. looking at commodities, oil sold off 5% yesterday. a little top this morning but back in the red once again. we are watching currency, euro and yen are stronger against the u.s. dollar. this morning we have earnings from jp morgan and bond traders are back at 2.04% this morning. now turn it right over the maria bartiromo, mornings with maria starts now. good morning, maria. >> maria: happy tuesday, i'm maria bartiromo, it is tuesday october 13. with me this morning dagen mcdowell. breaking news 104 billion-dollar deal in the beer industry. miller and b sudbusch to merge. combined company is a huge one. it would be responsible for one and three beers sold wide. first democratic debate tonight in las vegas. highlight in exchange with front runner hillary clinton and bernie sanders who has been gaining on the secretary of state for months. florida senator marco rubio told fox news last night, this is squarely a race to the far left. >> i think it's

but playing the shanghai market is like going to the casino.phanie: the fact that they are having this anticorruption move doesn't mean anything? jinping isse of xi important. prior to his rise, the country was open for business. as long as you made money, anything went. and you didn't upset the political applecart. sent money abroad, do whatever you want, just grow. under xi jinping, it has changed. anticorruption has come to the fore. he has taken a very anti-western town in his outlook and how companies do business. the landscape has changed dramatically, politically and economically, under his leadership. he is a very strong leader. david: anticorruption could facilitate investment? the money should go where it should. grease and also the now you have people scared to do anything. betty: that was billionaire investor jim chanos. to bloomberge in tomorrow. speaking about china, let's show you the chinese stocks in shanghai. we will show you where they ended up overnight. stocks responded quite favorably. up 3.3%. the shanghai composite. , we

broadly speaking, we have been seeing the hang seng and shanghai composite.e should be erasing some of the earlier losses along the asia-pacific benchmarks. on acrossback later markets and assets as well. back to you. rishaad: thank you. we will be visiting and revisiting that story later in the program. tweet us your thoughts. let's have a look at the stories we're watching right now. we are looking at the massive tech tie up. here is shery. shery: the biggest tech deal ever. agreeing to buy emc which is worth $67 million and will involve 24 sharing cash and new tracking stock. michael dell and long-term partners's over leak will be funding. dell will at about $50 billion to its debt load as it seeks to fend off hp, amazon and others. the computer maker is already carrying $11 billion in debt. the deal will broaden its product lineup and may appease activists and investors looking for more growth. the deal will combine emc's devices like stored data and dell's number two position in servers. notces say sab miller does see the latest takeover as compelling en

tim, what is the free trade zone in shanghai? prada storehe and the chanel store put together? the shanghai free-trade zone is an experiment that was out some time ago, back quarters ago, and there have been various experiments that have been put in place through the free-trade zone, a lot of them financial reform, and the issue that came out today was a nod that they will allow domestic investors to have more freedom to buy overseas assets. funny as it is, if you think about that, in and of itself, that was just more outflow, which would be negative for the yuan, but the idea is this is all part of financial reform, currency reform, which gives the ,mf reason to put it in the fcr which will create more demand for the yuan. a dumbt me ask you question for friday morning, and you are into saturday in china. has there d valuation been successful? the devaluation has been a long-term managed weakening. if you go back to where this started a couple of months ago, it is only 1.9%. backwardsce rallied 1.9. it has been marginal at most. we think over the course of the next several yea

this is the big picture on the shanghai composite yesterday.lift from tech players, text stops up by 7%. -- tech stocks up bites 7%. -- by 7%. the u.s. is suggesting a lot of buying coming back following the holiday. that we have seen coming through in equity is coming out of bonds. you can see money coming alone australia -- out of australia and the u.s. bonds. there is a little bit of money coming into japanese bonds and yields at 0.31%. down slightly, angie. angie: thank you. isl gross is learned -- known as the bond king. his position as cofounder of pimco seemed rocksolid until his until his dramatic departure a year ago. he is firing back, saying he was forced out of money, and he wants millions. he's not going away quietly. guest: not going away. there is a storm growing, if you will, and this lawsuit is taking hundreds of millions of dollars from pimco. was one of the original founders of pimco, the bond king, a legend in his own right, but in recent years things started to change and brought in asian, his deputy, wanted to move into mo

in china, the shanghai lost 1.7% on profit taking. it snatched a four-day winning streak after hitting a two month high tuesday. hong kong shed .8% following retreat in stocks. sydney's s&p 200 index slid 0.2%, closing at 5335, losses capped as quarterly cpi data came out lower than expected. analysts say this seals expectations as the reserve bank of australia would kus interest rates. indonesia dwindled from the highest level in more than two months that it reached earlier this month. mumbai falls for the third straight day ending down b by .78%. >>> here's a look at the other business stories we are following. motorists in japan paid less at the pump for the first time in two weeks due to the fall in crude oil prices shelling out an average of 133.7 yen per liter as of monday, down .1 yen a week earlier. analysts say prices will continue to fall in the days ahead. toshiba executives agreed to sell their image sensor business to sony. the deal reportedly worth about $160 million. this transfers more than 1,000 workers to the electro

in chie narks the shanghai added .1% and extended the winning streak to a fourth day. investors booked profits, but others bought on hopes of stimulus as the communism par is underway. taiwan retreated from yesterday's close in highest in three months. manufacturers sold ahead of earnings results from tech giant, apple. hong kong rebounded .1%, and singapore snapped four days of gain down 1%. mumbai stretched losses to a second day falling .4%. here's a look at the other business stories we are following. >>> prices of corporate services in japan rose 0.6% in september from a year earlier, the 27th straight monthly increase. the officials at the bank of japan say the reason for the rise is growing number of tourists from home and abroad pushed up hotel charges. the health, labor, and welfare ministry white paper estimates the number of people in japan falls to 87 million people by 206. officials estimate 40% of them will be 65 or over. they say there should be better support for pregnant women and those raising children. >>> japan is being hit by many more typhoons tha

shanghai composite d oil and gas pulled back somewhat.day, the nikkei to do five bouncing. we have been watching telecommunications shares -- they have been leading the way across asia today, and some of the heavy industry stocks are up a in the session -- broad-based rally across the asia-pacific. this is all we have in hong kong. sinopec advancing 3%. we did see oil stocks selling off, registering the biggest losses in energy and material companies. but now you see with those losses, buying activity, that is why sinopec leaveds the way. other shares remain under pressure. i want to bring you up to speed there ises, because speculation that china's big three airlines, air china among them, china southern and china eastern, it may come together in semi-, perhaps the merger of their cargo units, one, two, or all of their passenger divisions. that would create a mega airline, with the fleet similar to what you see in united. we initially saw the shares up 10% overnight in new york. yesterday, a big surge. that is the story with china's sout

shanghai composite index up over 1%. nikkei is up over 1 1/2%.aking a look at european markets which are trading right now, europe actually following asia. the footsie higher by 1%. cac 40, about 46 to the upside. dax up more than a 1%. >> the s&p up 3%. russell and transports up 4%. great week but down arrows. now they're up one. right around unchanged line. s&p down one point. cheryl: let's look at some big commodities we're watching. one commodity we're watching. that is oil. we're above $50 a barrel. up 89 cents. gold trending higher. nicole: let's check currencies. we've had a strong u.s. dollar weighing on some earnings we'll be seeing. euro, uk pound, strong against the greenback. cheryl: we're down almost 10 basis points on the 10-year treasury. nicole: we have breaking news. the house republican conference is set to meet this morning after majority leader kevin mccarthy's shocking decision to drop out of the speaker race. outgoing speaker john boehner is reportedly pushing paul ryan to run. gop presidential candidates reacting to mccarth

it is in shanghai and literally the weeks away from having aircraft operating certificate.this year to have the first flight. independent from that, all of our international flights in and out of the -- in and out of china we do every day, and that will allow us to be the first international company to have services within china. angie: it is incredible, this point-to-point service, because you would be the first, but business jets, as a mentioned in my introduction with you, have been facing challenges. not just with the slowdown, but also the infrastructure itself will stop china has got -- it's self. china has got 200 air terminals, compared to 5000 in the u.s. china is a much bigger contract -- country with a lot more people in the u.s.. when itthe challenge comes to getting your clients where they want to go? guest: we have been lying out of china since 2008, so we have a lot of experience. that is exactly the growth potential we see in this country. there is a long runway ahead of us. i had a visit from one of the high government officials in , confirming that china i

shanghai rebunded to a two month high with all sectors adding gains, rising for a fourth straight week. kospi advanced 0.9%, and upbeat figures lifted the index. sydney reached 1.6% for a two month high, and officials are working to hint the 2% inflation target around the first half of next mifiscal year. they are expressing views that monetary policy alone may not be enough to reach that goal. aso's remarks came ahead of a boj policy meeting next week. >> translator: a sharp decline in crude oil prices has created a difficult situation for achieving inflation target. i think what monetary policy can do is limited. >> aso indicated that companies need to raise wages and boost investment. japan is reviewing how to test car emissions follow revelations that volkswagen used illegal software to cheat on tests. up to 11 million vw vehicles around the world are reportedly fitted with the software. the environment ministries say they will set up a pam of experts to review this testing system. they say japan's current system detect emissions cheating, but the panel members may add a test to be

the shanghai composite. this rally to route pattern we seen continues. consumer spending fees housing all of this coming together to contribute to the rally to route the narrative. the next two months look like a going to be very interesting. angie: the name of the game this year and likely next. the imf has wrapped up its annual meeting with china. another major talking point was the fed. the rate hike this year is still on the table. ?ho is saying what here analyst mostto one of them have to start talking about the rate hike this year's something because the market is counting on it not happen. spelling out the reasons why most officials including himself are of the view that a rate hike -- a rate hike is warranted before the end of the year. we do not currently anticipate this recent developments on the u.s. economy will prove to be large enough to have a significant effect on the past the policies. he also talked about the jobs report. knowledged overall very good. he talked about this. it does on include other things there and usually more people wo

the opening in shanghai next year is going to be important for the stock as well. >> all right.crocket from fbr. thanks for joining us. >> thank you. >> when we come back, a lot more from tim cook on the possibility of an apple car and where he sees the auto market headed next. >> what i see is sulfur becomes an yeses leg important component of the car of the future. you see that autonomous driving becomes much more important in a huge way in the future. a lot of the major technologies in the car and shift and so it would seem like the -- there will be massive change in that industry. >> interesting talk last night. tim cook talking about the car, and we often call it the largest mobile device. we have a lot of innovation when it comes to self-driving and transmission. that's right. the dash, it's the same as it was almost, i don't know, ten years ago. >> largely the same. you have some touch screens now. satellite radio, et cetera. he went farther than any apple executive has in the past. >> when it's big in terms of the amount of change coming to that category, where they can

try as we may to relate the shanghai composite to anything, given its obvious phoniness and emphasis on so many companies that no one has heard of that are china-based, the shanghai has held through a torrent of chinese bad news. that 3,000 level, above 2,027, has held. i remember when that level was first under attack by sellers. it seemed like child's play to take it out. there had only been 23 days when the averages had gone up since the chinese stock market peaked on june 12th. almost every single uptick was met by multiple days of selling. since that bottom, half the days have been up, some meaningful. even though i don't know a soul willing to claim a bottom in the shanghai, after four separate blitzes, there will be plenty of imboldened bulls. you'll see a correlation that is more than a little startling and clearly not a coincident. there's a second almost surreal data point that occurred two days before that chinese bottom. oil stopped going down. the newfound paper of record, "business insider," captured the moment with its headline: crude collapses to a stunning new low at

shanghai up 3% on news of the possible stimulus by the chinese economic bank. the fed vice chair said the u.s. economy might be strong enough for a rate hike by the end of the year. european markets are up a bit. last week, stocks ended on a high note in the u.s. dow closing up 34 points. the longest winning streak since last december. the s&p finished up 3%. the best week of the year. breaking news. fiat chrysler launching an ipo for ferrari. >>> new deadly violence in the west bank. tensions escalating between israelis and palestinians. we are live with new developments next. just about anywhere you can use splenda®... ...no calorie sweetener. splenda® lets you experience... ...the joy of sugar... ...without all the calories. think sugar, say splenda® but the more you learn aboutnd your coverage,t. the more gaps you might find. like how you thought you were covered for all this... when you're really only covered for this. hot dog? or how you may think you're covered for this... but not for this... whoa! no, no, oh , oh! ...or this... ...or this. ...or that...

in 2006, a railway line connected lhasa to shanghai province in western china, bringing even more developmento tibet. in august 2014, another line opened. it stretches west from lhasa. it connects lhasa to shigase. the fair from lhasa to is between $6.50 and $28 u.s. that's a bit pricey for locals, but the train was crowded. 14 stations were built along the 241 kilometer line. officials plan to extend it to the front tier. . >>> farther additional tibetan ways of life are being swept up in a continuing wave of government funded economic development. what kind of future awaits people here? that question has yet to be answered. >>> hello there. welcome to "newsline." it's thursday, october 29th. i'm catherine kobayashi in tokyo. the chiefs of the u.s. and china will speak in an apparent effort to diffuse tensions over disputed waters over the south china sea. they plan to hold video teleconference after an american vessel sailed near an artificial reef claimed by leaders in beijing as their territory. u.s. defense department officials say the chief of naval operations admiral john richardson wi

bocom is bearish on a shares saying the shanghai composite is above its average.e is also saying that government efforts to bolster are draining liquidity with plummeting volumes, that suggests investors are bullish. he said there will not be cheap valuation until the composite is a 2500 points. t capital says the risks are priced in. we have support from the vet. they are not hiking rates this year. to cut down on first-time buyer deposits. res have been sha the best global gainer. when it comes back online, will investors buy or sell? angie: thank you so much for that, juliette. of those stories on bloomberg business, bringing together digital content in one address. four ways theom, oil price crash is hurting the economy. plus, why amazon maybe starting a live online tv service. "bad to come, the adage news is good news" has become the overriding market principle. our guest tells us why the fed is caught in a trap of its own making. ♪ angie: checking headlines around hasworld, president obama apologized for the american airstrike that killed 22 people at a hosp

if you take a look at the largest of the chinese stocks in the shanghai composite, a number belowse areng from peer groups. if you look at it on a decile , you actually see the large-cap stocks underperforming since july when state support measures were put in place. that is a bit counterintuitive. you see a very big diversions and valuation. there he interesting to us looking forward. rishaad: thank you very much. angie: checking in on some other stories, there are signs that a deal is near for a transpacific partnership. the japanese minister told the government a deal will be agreed in principle today. the u.s. and australia came to terms on intellectual property rights for biologic drugs. leaving dairy as the final obstacle. new zealand is unhappy about access to the u.s. market. saudi arabia has cut oil prices to asia and the u.s.. it will sell its putin -- median arabia and other opec members have raised supplies to raise market share. u.s. isount to the narrower and aramco has raised prices for northwest europe. alibaba's jack ma is a man of many talents and he may have a future