♪ ♪ ♪ ♪ shanghai, china. the recent stock market crash and resulting slowdown this commercial hub has continued to grow. [ speaking foreign language ] >> people are flooding in from other provinces, hoping for success and wealth in shanghai. these newcomers number 11 million, nearly half of shanghai's total population of 25 million. ♪ ♪ people who travel from other areas to major cities in china are known as wai tais di re. literally outsider. their significant increase means there aren't enough schools or housing and with more cars traffic jams have worsened. >> translator: there's a limit to how much a city can take. you can't meet the needs of everyone. long-time shanghai locals have convicted feelings -- conflicted feelings about the noticeable rise in wai spai di ren. [ speaking foreign language ] >> shanghai natives and shanghai newcomers. as the city continues to expand how can they learn to live and work together in harmony? ♪ ♪ >> this is one of shanghai's major food markets. with over 400 stalls it

you're from shanghai? >> yeah. at least 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. ble. luckily, alka seltzer plus cold and cough liquid gels. rush liquid fast relief to your tough cold symptoms. fast, powerful liquid gels from alka seltzer plus >>> shanghai is one of the biggest cities in the world right now. a global financial center and transportation hub and the

. -- the formern mayor of shanghai. the purchase of hong kong's leading newspaper will cost more than a quarter of a billion dollars. decision will be taken in the newsroom and not the boardroom. don't forget to include the #trending business. singapore taiwan and malaysia have just one line. hiding the japanese equities. have an unexpected breed. take a look at the nikkei extending. the sea of red. the fed meeting this week. we're also getting the oil story. over supply glut eggs to continue. that's set to worsen. we off by one 4/10 of a percent. weakness coming through there as well. china and hong kong both open. in his today after being pension as of friday. the chairman is back home after being out on tax and thursday. the company says he was at the -- assisting in an officially read. stephen engle is following this for us. what do we know russian mark >> basically what we know is that you may still be out of public view but we have been more than isolation of his whereabouts. he was reported missing on friday. the

the shanghai composite seeing some gains.rvey -- tanken survey outlook is a little worrisome. --pi, south korea, singapore we are seeing some selloffs. the fed -- some angst there. of 1%.nifty down 1/2 tata motors down more than 3% this year. 2015 has been a year of deals -- big deals and big swings. what can we expect for 2016? we will hear a few predictions from bloomberg in asia. >> the fed will raise rates. i'm firmly in that camp. >> over for emerging markets, the fed will remain key. it's hard to see commodity markets rebounding. >> china will let the yuan appreciate -- depreciate, then try to spend billions of dollars to push it back up. >> hsbc will move to hong kong next year. you heard it here first. >> i think the main thing we are watching for is [indiscernible] >> think social media messaging apps -- i think social media messaging apps will take over more of your life. >> people will -- >> i think we are going to see people using their smartphones more to monitor their health. >> i'm predicting that at least one

shanghai composite down 1 and 2/3%.ng in important meeting as we've been anticipating all week. there is a debate over members of opec whether they will cut production amid recent decline in oil production. where does saudi arabia sand on that as well. uber getting even larger. "the wall street journal" reporting that the company's latest round of funding could

in china, the shanghai composite added a quarter of a percent. some market playe cheered t outcome of the key economic policy meeting. the index climbed to a four-month high, although profit taking capped the gains. taiwan rose 0.1% following an overnight rally in high-tech shares on wall street. but worse than expected export orders in november added to concerns over the economic slowdown. seoul's kospi climbed more than half a percent to close at a near three-week high. market watchers say pension funds and other institutional investors supported the buy. hong kong's hang seng index ended a touch higher. sydney's s&p index stretched its winning streak to a fifth day. >>> japan's biggest employment agency is buying a staffing firm based in the netherlands. recruit holdings says taking over usg people will give it a full-scale presence in europe. officials that recruit say it will buy all the shares of the dutch firm for just over $1.5 billion. the management of usg reportedly supports the takeover. recruit plans to complete the deal by june. the

will we see the same investment as in orlando in shanghai? in you will shanghai is a park more technologically advanced than anything we have ever built. that will show in the attraction themselves as well is the commerce transactions. the consumer will be able to buy their tickets, use their mobile devices in far more advanced and compelling ways than any other place, from a theme park perspective, then where we are today. betty: that was bob iger on bloomberg this morning. ramy is standing by with the options insight. ramy: thank you. joining me is jim strew group. always good to see you. you are looking ahead to next year, especially what -- what happened with the fed last week. you say we should have near-term caution. jim: and the near term, what we are set for most of the year, this in the near term, what we in attendance to hang around for about a month after the fed begins to tighten. i put this out in january, it will be a quiet couple of weeks with the holiday. it will be unnoticed heading or into early next year. we think ther

will we see that in shanghai?nghai is a part that for technological perspective is more advanced. it will show up in the attractions themselves but also in commerce or transactions. the consumer will be able to buy their tickets and use their mobile devices in far more advanced and compelling ways than in any other place from a themepark perspective. david: friday was a big day because of the premier of star wars. there was something else that happened that affected the stock prices. and analyst came out with the report involving some spec to schism -- some skepticism. i wonder what your reaction to that report has been? robert: i was curious and suspicious about the timing. if anyone wanted headlines, the time to do it was the morning after star wars opened in the united states. the analyst that came up with that report has been wrong about us on a number of occasions. --one would have to question if he has been wrong so often before, how valid were his comments? by the way -- robert: he is entitled to his opinio

the shanghai composite rallied two and a half percent.very strong performance after manufacturing data. over in hong kong markets went in a different direction. tracking global equities lower, environmental stocks bought the and tokyo japanese followed wall street lower overnight. in south korea kospi in the red. mostly heavy foreign selling. >> nicole: tracy yu, thank you very much. >> cheryl: sources telling wall street journal that ceo has been fired from the mutual fund company. the move comes after announcement was closing strulg lg focus cred fund. it would not allow anymore redemptions. the news rattled credit markets on friday. big story on friday. widespread concern with strongholdings of bonds. also reporting, nicole, not only did he have a large piece of stakes in third avenue but not allowed back in the building. he was shown the exit immediately so not a good good bifor the ceo. >> nicole: texas senator gets 28% support in hawk ie state while donald trump has 26%. senator marco rubio coming in third with 13%. retired neurosur

shanghai is going to be very very aggressive. people's bank of china has been.y seem to learn from some of the mistakes and they put the money at least where it's going to help the equity markets and asset markets and i think that people are underestimating what the ecb is going to do. they're not going to be doing much more in the way of qe but mario draghi has been forceful in saying he'll do what it takes to get the economy going on the right track. >> and on the currencies, you stay with the dollar? is it a dollar long story as the fed looks at possibly two to four rate hikes this next year? >> i think that's a bit of a crowded trade at this point. you'll see some stabilization. it's more rhetoric at this stage. i don't believe the fed is going to have the data to move four more times. potentially too. but i put my money on one so i think that trade is going to get a little less crowded. i'm not necessarily sure that you can out perform in that trade. >> bob, nice to see you. thanks for your time, sir and happy new year to you. chief market strategist. befor

. >>> two guys are feeling a bit super so they decide -- >> to climb up the top of shanghai tower. >> see their heroic adventure, next. >>> and why not having wipers, no problem. you want i fix this mess? a mess? i don't think -- what's that? snapshot from progressive. plug it in, and you can save on car insurance based on your good driving. you sell to me? no, it's free. you want to try? i try this if you try... not this. okay. what >> announcer: m closed captioning provided by -- healed, healthy. >>> friends will steel just about anything. so say you wake up one morning, it's raining outside, you go to hop in your car and -- well, the windshield wipe remembers gone. what do you do? do what this guy dozen. >> that's gloves. >> a hack for the ages, they put gloves on the windshield wiper. >> this guy figured it out for himself. >> and it's working. >> kind of. >> ish. i don't go to the score to buy a new set of windshield wipers. >> could you look at it in a sunshine-y way. every few seconds somebody is going, hey, hi. >> of course totally i'm sure everybody was happy to see that wave

her younger brother used to work in shanghai but fell ill. he came to yiwu this year to join his sister and work at the same factory. >> her husband and his cousin normally work as day laborers on construction sites. but they sometimes work at the factory because their normal work is unstable. on this day, they are earning $2 for every 100 bags they fill with christmas ornaments and decorations. they feel it's better than not working at all. >> tao and the family all come from poor farming villages and began working before completing compulsory education. tao and her husband live in a district full of migrant workers. to keep the rent down, migrants often share houses and rooms. bathrooms and water is also shared. tao's accommodation has two rooms. she shares one room with her husband. and his cousin uses the other space. at most, tao and her husband can earn around $1500 a month. they have been saving up for their children's futures. >> on this day, tao's husband fails to find construction work again. as usual, he goes with his wife to work

rob mcbride, al jazeera, shanghai. >> turning out to mx now where the pinata has been a staple.tasha guinane has more. >> if you are a pinata artisan this is the season of achy hands and ripped nails. but pride in knowing his are designs are copied has kept ricardo designing for years. >> this has given jobs to me and my family. >> he is also a dentist. he admits the pinata trade isn't quite as lucrative as it used to be because now there is more competition. christmas is the busiest time of year. he and his family members will make four to 5,000 a month and charge about $2 for these stars. they represent the christmas star. in the bible the star revealed the birth of jesus to the three wise men and led them to bethlehem. this stretch of road in mexico city is called the kilometer of the pin yoots. pinatas. and making the bodies of pinatas. >> i feel melancholy because this tradition is coming to an end. our parents taught us this for two or three generations. >> but elena vasquez says the tradition of pinatas will endure. she says pinatas are not only firmlfirmly rooted in cath

watching the shanghai composite at 10% and 2015 despite a rough summer. the hang seng down 7% committed japan at 10% and the cost being career 2.4% and the green. cheryl: going over to europe. it is midday trading. the middle of the session with the first 13 in the cac down to 13 in the cac 40 out by 17. jo: u.s. stock market futures right now trading green just barely. dow futures had 15 points, s&p futures up 1.5. cheryl: oil and gold for the year down about 31%. gold is down about 10% for the year. right now oil at 3671. gold is the 1061 an ounce. jo: let's look at the basket of currencies around the world trading down just slightly down just slightly against the u.s. dollar. the u.k. passed fractionally and overall the canadian dollar goes down just about even in the japanese yen up slightly. trading to the yield on the 10 year treasury rate now is 2.3%. that is again a .50 basis points again for the year .13%. jo: of puerto rico will default to 174 principals in interest payments on bonds and new year's day. the governor porter reiko says the increas

the anomaly has been the shanghai market.rt of the shanghai composite throughout the course of the day. similar to what we saw in the rest of the region. once japan, australia, korea close, it's big rally coming through into the market. really quite extraordinary that we're seeing these gains coming through. manus, the market closing higher by 2.5% despite a big downturn in the rest of the region. asian stocks having their worst day since september 28. manus? manus: juliette, thank you very much for rounding up -- the latest data out of china shows fresh evidence of stabilization. king.g us is stephen welcome to the show. we are counting down to the fed. if i look at the china story, it is amazing how they need one janetr in that the u.s., yellen, was so perplexed by what was happening in china. china needs a gradual fed. you can merge the chinese economies and put the federal reserve inside both of them. -- it will do so looking at the u.s. economy alone. the u.s. economy is more advanced than the rest of the world. the fede

data: they are taking the in stride, other than shanghai. gains ineing strong half an hour. stocks andng tokyo ahead look at this rally of the policy decision in a couple of hours with a sense that the services number we had was better and it has outweighed a deterioration of the situation in china without too much of a surprise. the japanese markets are on the weaker yen have a that helps out exporters. expenditures and a 2.2% japan.th big movers in and i want to go back and take a look at the chinese saw as in shanghai and we big ramp up of the lenders yesterday and some speculation that there are more national and china is the biggest decline or their in the early session. -- is how the markets are data isuring deteriorating. >> we are seeing a two speed pace of growth in china and there is the service sector and they are outperforming in the past year, the still having lifted a sluggish sector. low andhan three year it slumps back with a consensus dip below the forecast and manufacturing has not been this low since 2012. andreadings are below 50 the steel sector has a ca

china was the standout, shanghai compass it climbed 1.8%. closing at its highest level in near a a month. some investors expect authorities to announce fresh stimulus measures in its economic plan for 2016. the hang seng ended slightly higher following a rally in shanghai. some market players picked up cheaper shares. seoul's kospi is up 3.2%. the asx stretched gains to a fourth day to hit a two-week high. the group of oil producing nations, opec, decided to keep output levels. since then, around $35 per barrel, we asked an expert for his outlook. >> translator: for the past two years, saudi arabia has been telling opec meetings that they will not adjust oil output. saudi arabia and other opec members are not willing to cut production while other countries are increasing production. nonopec members like russia, mexico and especially the united states continue to pump oil at high levels. saudi arabia has said repeatedly it will not cut production unless other countries cooperate. i believe saudi arabia will stick to this position until its fo

. >>> in china, the shanghai composite declined 1.9%, closing at 9,470.e investors are worried about capital outflow when another round of initial public offerings take place next week. taiwan's trade figures also tumbled. exports fell nearly 7% from a year ago. the taiex dropped 1.3%. the resource heavy index in sydney slipped 0.9%, falling to a three huff week low. the kospi declined for a fifth straight day. >>> japan is trying to strike a deal with india to export bullet train technology. that's one of the things prime minister shinzo abe will talk about when he visits the south asian country from friday. abe will bring up the potential deal when he sits down with indian prime minister narendra modi. they plan to build a railway between mumbai and ahmedbod. geological research was conducted along the proposed route. the results show this type of system would be best suited for the railway. the estimated cost is about $15 kbl. japan offered loans to help fund it. >>> here's a look at some of the other business stories we're following. the number of for

the east coast of china, shanghai-beijing, very developed and absolutely a 21st century economy, but the west of china, much less so. to say that china is a developing or developed country it's a misnomer. that's equivalent to trying to equate the very eastern part of europe to the western part. >> when it comes to co2 emissions, where do they stand

shanghai holding things up by 2/10 of 1%.one of the better performers, 1% early in the session. i want to take a quick look at what is moving. an eye on some commodity-sensitive currencies. , also thesian rupiah -- it is ringgit seeing quite a bit of downside. we are getting inflation numbers out of malaysia and singapore in about one hour. oil, we'reck of seeing that gain of over 4% for wti extended into the asian session, $36.33. brent -- crude is trading at a premium to brent for the first time since august 2010. time it hasfirst closed at that level since 2010. , quick look at the movers international securities listed entity here and hong kong surging. intra days high's -- highs up by about 7%. in time for christmas, he is back to work, and investors are pleased with that. we're seeing some gains for 10%, grand auto, up about bmwhasing a 50% stake in distributor. noble group getting a rare good day when it comes to trading, still down 60% year to date. itsffloaded the rest of agricultural assets, so that $750 million wil

one of china's last remaining telegraph counters is in this telecom office in shanghai.was one of the first linked to the telegraph system and will likely be among the last to hold on to it. >> translator: it's nostalgic for my parents and from a time people used to write letters so this will be like a souvenir for them to keep. >> reporter: the telegram begins the journey first by fax sent to another office where it will then be transmitted, this is low tech in a high-tech world. the telegrams are then sent over a network that uses machinery that is about as sophisticated as it will ever become. museum to the telegraph charts the progress of the service from its even more primitive beginnings including the code books that gave the thousands of chinese characters individual numbers so they could be transmitted. a service peeked at 44 million telegrams per year in 1988 has been in steep decline ever since. >> translator: traditionally people would still use telegrams for congratulations or for condolence but even those uses are now dropping off. >> reporter: hardly surpri

shanghai rejoining the positive session. we are setting up for another volatile afternoon session ahead. let's take a look at some of the stocks in focus today. are under the spotlight for all of the wrong reasons. extending losses. this is the shanghai listing. it is faring a little bit better in hong kong. these two top investment banking heads, they cannot contact them and this is the latest in china's escalating crackdown on the financial sector. they have been investigated for shortselling. we are seeing a bit of a reaction after its president and vice chairman resigned for personal reasons, speculating he has been pulled into this broader crackdown as well. . do want to check in we have seen further downside in the session after the weekend. opec standing its ground. rishaad: just go to bloomberg.com/asia. you can watch some of the interviews you may have missed. angie: still ahead, under pressure, the malaysian minister faces a crucial political test. will you get the support he needs after the recent funding scandal?

shanghai barely, barely up.kkei, kospi all down but just a percent. >> nicole: let's check out what's going on in europe here. all to the downside, cac and dax half a percent. >> cheryl: dow is unchanged, earlier up are flat for the dow and s&p is lower by two and a quarter and nasdaq by 9 and a half. oil looking at 37.93 a barrel, gold 10.74. >> cheryl: finally the dollar and key u.s. currencies. take a look right now. the euro and the uk pound trading higher against the dollar. >> nicole: 2.23%. >> cheryl: well, two of the biggest names in chemicals are talking merger. dow and dupont a union would combine two of america's oldest companies that together worth nearly $120 billion. the merger can be announced in the coming days and follow a three-way breakup of the combine company and it would also clear antitrust regulators. >> nicole: report that is yoo hoo is -- yahoo is giving up alibaba. pressure to sell the core business rather proceed with the plan spin-off of the stake in alibaba which could trigger large

. >> nicole: asia, you have a big story, shanghai composite. fifth month for in a row.ot good news. that hits all the commodities as well. >> cheryl: let's see how that's affecting european markets. same story. now spreading into europe. ftse down 35. cac down 26, dax is down as well. >> nicole: let's take a look at u.s. stock futures. 89 to give you perspective, s&p futures down 11. >> cheryl: energy sector was a big story yesterday. one of the things that hit the asian markets. they were up 22 cents right now but oil till well below the 40-dollar mark we hit yesterday. >> nicole: the dollar right, mixed bag, euro and japanese yen stronger against the greenback, pound, mexican peso, the other way around. >> cheryl: down 1.1 basis points. >> nicole: shares of chipotle fell yesterday after students became sick over the weekend. outbreak caused fears of more food poisonous products. the e. coli outbreak to nine states including right here in new york. chipotle had closed restaurant in boston cleveland circle. the restaurant is very popular on campus. >> almost every night

shanghai taking a brief break. the hang seng kicking up marginally.e the situation in the u.s. playing out. the nikkei trading under again and tokyo. that is it for "trending business". ♪ >> from our studios in new york city, this is charlie rose. charlie: tonight, we continue the exploration of the magnificent human brain with a look at sports induced brain trauma. focusing on kids and young adults making emergency room visits as a result of brain injuries from sports and recreation. our increasing understanding has ignited a national discussion about the risk of contact sports. bellucci turned down a scholarship toy

first the asian stocks may appear shanghai up to 6%.the cap cap refraction, hang singing kospi down a little bit. jo: in europe the ftse down 28.5 points, da asked down 46 points in germany. cheryl: futures looking like this on your wins day. the dow pointed lower by 36. jo: i was watching commodities. oil and gold trading down 2.3%. cheryl: now let's take a look at the latest sports stories going on. iowa was handed the number one team in the nation their first loss of the season. the chavez victory surfers to get the number one team. they beat connecticut in 1999. michigan state was without there's dark again. maybe sidelined all of next week. the spartans continue to the spartans continued a big conference as minnesota on saturday. this is big in philadelphia eagles have fired the general manager ted kelley with one game less than a third season. the eagles went 10 and fixed two years in a row but missed the playoffs as we go to six and nine. offensive coordinator pat shermer will be the interim head coach for sunday's game against t

shanghai and shanghai index actually closing .16% a pretty flat night for asia. nicole: it has been a rough week on wall street overall. all 10 sectors are lower this week. ftse, cac and the dax are all down roughly half a percent each. cheryl: go back to the flat, that is what you're market is looking like on friday here in the united states. the dow is pointing lower by 10. s&p up by just a fraction, half a point. nicole: as we watched oil near the record lows we haven't seen since 2009, oil 30.41, down 35 cents. gold at 1067 a troy ounce. that is down four bucks. cheryl: coming up a new poll out shows majority of americans oppose donald trump's plan to ban muslims. that is including this american. >> you can not establish a ban on all muslims. cheryl: we're going to tell you how many republicans do support trump's plan. >>> if you or your son or daughter want to travel with the new hoverboard over the holidays, hey, you might want to take the train because we're going to explain what is going on with these hover boards which have been dangerous. you're watchin

the following year he returned to shanghai to scope out potential business ideas.n the trip he came across a well-known swedish purpose tour store. furniture store. >> when i went inside the furniture was cheap for the perfect aesthetic for the generation born in the '80s. from a personal standpoint i love the atmosphere. what made an especially big impression on me was the low prices. and the stylish designs. so i went back to the countryside and read up on furniture. it's such a broad industry. but i thought that if i could offer bargain prices online i could make a decent business of it. >> reporter: back in the village, sun designed a small set of shelves and commissioned a batch of 20 from a local car pep tear. he put them online and they sold out in two days bringing in $230. >> translator: i was really pleased. we made 30 yuan on each sale. and we sold 20 of them. 600 yuan in two days. >> reporter: that was more than a typical monthly salary in the town. sun went on to boost production, broadening his range to include bookcases and shoe storage. in 2008 he a

one of china's last remaining telegraph counters is in this telecom office in shanghai. the city was one of the first linked to the telegraph system and will likely be among the last to hold on to it. >> translation: it's nostalgic for my parents. they're from a time when people used to write letters so this will be like a souvenir for them to keep >> reporter: the telegram begins its journey first by faction, sent to another diabetesing - fax where it will then be transmitted. this low tech in a high tech world. they are then sent over a network that uses machinery that is about as sophisticated as it will ever become. a museum to the telegraph charts the progress of the service from its even more primitive beginnings. including the code books that gave the thousands of chinese characters individual numbers so they could be transmitted. a service that peaked at 4400 0000 telegrams per year in 1988 has been in steep decline ever since - 44,000. >> translation: traditionally people would still use telegrams for congratulations or con dole ensays-- condolences but their dr

brief us on how shanghai is taking over your world.olumes takee seen off in terms of contract turnover. the big volumes have been focused on copper. you saw that in march and april of last year with volumes taking off, then in january of this year, and lastly in october. volume has taken off in all the other metals. we saw the shanghai markets launch contract in nickel and tin. ,he nickel contract dwarfs lme but it is the same story over all of the metals. the turnover is huge. tom: is your world of commodities becoming like equities in china. -- in china? james: in terms of what has happened with volume, it looks like it. have seene significant short positions on the shanghai market since mid-october or early november. we think there are new flows of money coming into the commodity space within china, where previously it had been exclusively in chinese hedge funds. since mid-october we have seen retail money coming into the metal space. with chinese equities, we saw a similar scenario developing to the one that you are describing. wha

even the major of hsbc very shortly and the ministry in shanghai reports out of shanghai that the billionairegone missing. shares are halting. guy: we will find out later where these guys go when they disappear. with everything else need to know is near a. managementd avenue is blocking them pulling money from a $38 million mutual fund. they put assets from a fund in necessary to avoid sales. >> argentina has kicked off with several wall street banks to loan up to $10 billion. they tried to shore up central-bank reserves at the lowest level in nine years. there are divisions over the obligations laced on rich and poor countries. reports a draft final agreement being pushed back to tomorrow. guy: thank you very much indeed. let's talk a little bit about what is happening here. at the moment we will see a negative open. member that we did see a positive close on wall street done by 2/10 of 1%. that russian rate decision is going to pay attention to front and center. bring up the other board and we will check out the markets overnight. copper getting a bounce it continues a six-day losing streak

shanghai composite is down slightly while the hang seng is climbing slightly. losses foryear of the first time since 2002. ♪ emily: he is the owner of the .orld's first model s a fast talker with an unconventional investing approach. he once shadowed steve jobs. the biggestf private space collections in the world. he spends his days pondering the future of artificial intelligence and the self diving -- driving car. emily: thank you so much for being here. in 1996 you made an early youstment in hotmail and bet on e-mail before e-mail was anything. it is usually combination of an entrepreneur the gets me really excited and an idea that was unlike anything i had seen before. it wasn't tied to a corporate system or university system. it was e-mail that could follow you wherever you go. emily: microsoft went on to buy hotmail. tell me about where you come from and what kind of kid where you. arizona.was born in i was inspired by my dad growing up. he had one of the first computers. the ability to program the machine. unlike other experiments that would take time to

shanghai composite closing on 2.5%. the nikkei up slightly.ooking at the kospi and hang seng also down. nicole: let's look at europe. back then cac to the downside improving a little bit over the last 10 minutes or so with the cac down one third of 1%. jo: u.s. market future is down about 54 points for the dow also down 10 points for the nasdaq and down about 6.5 for the s&p. trade you will see whether the dow finishes positive or negative. let's check out kurt right now. or to 7.25 after getting last week big-time. gold is now down $4.70 at 1071 a troy ounce. jo: you can see it is up slightly on the euro down against the pound, just fractionally. nicole: looking at the 10 year bond. the yield has been met. 2.25% for the 10 year bond yield. jo: peyton manning denying claims of performance-enhancing substances. he used hgh in 2011 when he was the indianapolis closer same year he had his fourth neck surgery. a report by al jazeera america. he was visibly upset at an interview on sunday. >> discussed is how i feel, sickened by -- i am not sure i

shanghai is down by 1.4%.e seeing financials and pharma stocks driving that overall market lower today, falling to a two-week low. in terms of movers, golden properties in hong kong surging as much as 65% before closing up a mere 54%. the company is selling off a stake in a tengion property to reinvest here in hong kong. on the other end, we are seeing shares of gemdale tanking today. we are seeing profit taking across that stock. we are counting down to the reopen in the shanghai markets at the top of this hour. emily: to say it has been a rough year for yahoo! may be the understatement of the year. from --ntments [indiscernible] 31%o! shares down year-to-date. then there's the executive exodus. .ackie rhesus what can the company offer investors in 2016? alik is still with us. you've been very vocal about this. very vocal. that is also an understatement. do you think yahoo! can be saved? om: they do not really have any relevance to the current user, internet users. the answer is no. 2016 will be very much lik

a strong rally coming into the close of the shanghai share markets. jonathan: that is what is happening. first up, druggies the lemma -- druggies dilemma. --ns desperate iran's volkswagen's first family breaks it silence over the emissions scandal as sales slump in the u.s. ♪ eurozone inflation data out at 10:00 u.k. time coming a day before action of the european central banks. , ramana kieser. -- the dataser coming in today. i go back to last year, that speaks for mario draghi. we get inflation back. it failed. is it out of their hand? if they don't believe they can reach their 2% target for the next nine years. -- that is the key thing draghi is going to watch. it moved up quite a bit after he came up with the fairly dumbest statements. jonathan: that is the point. market expectations have picked up. that's the point, the market pricing here. he needs to follow. he has no choice tomorrow. ramin: also some kind of 12.5 basis points deposit rate cuts. that is what markets are pricing in. we think it will be a 10 basis point cut. if that is the case,

. >>> and a rough ride for some 21 were injured when their flight from shanghai to toronto hit severe turbulence. >>> good morning from the studio 57 newsroom at cbs news headquarters here in new york. good to be with you. i'm anne-marie green. >>> comedian bill cosby is free on bail this morning. one renowned tv dad was formally charged on wednesday with sexual assault. dozens of women have come forward this year accusing the entertainer of assault. his lawyers expect cosby to be flue exonerated. kenneth craig reports. >> reporter: bill cosby made no comment and leaned on his lawyers as he evident park in elkins park, pennsylvania. the comedian is free on 1 million dollars bill. cosby is accused of drugging and temple university employee andrea con stand. >> paralyzed, unable to move. a person in that state cannot give consent. >> reporter: the decision to charge cosby comes just days before the statute of limitations would have run out. prosecutors said evidence from a 2005 unsealed over the summer. in it, cosby admitted to giving women drugs. more than 50 women have come forward ac

shanghai composite a quarter of 1%. hang seng two tenths of the%.ain, only nikkei is down one tenth of 1%. >> lori: how about our friends across the bound in europe? 16 points or a quarter of a percent. cac and the dax are both trending lower at the moment. >> nicole: a couple of hours ago futures were down, right now dow futures 32 points for the downside, s&p three and a half, nasdaq down 12. >> lori: everybody has been zeroing in with the gas of oil less than $2 of gallon now. 36.04. rebounded slightly. we saw it below 35 recently. gold is off two dollars and 70 cents the ounce. >> nicole: spacex sent a falcÓn rocket toward orbit last night. first mission for spacex since accident last summer. satellites were launched. new jersey-based company, 15-story rocket came back to earth and land safely. first time unmanned landed vertically. >> lori: finally some real trouble but finally a success. this time sarah palin to have a little fun. palin plays a tv writer in 31 rock. take a look. >> i didn't see you at the last night. it's a great reminder of p

we sought the shanghai index fell by almost 8%. industrial profits are dropping. compared with the same month last year. and the chinese are going to have a great temptation to weaken the currency again. betty: we will likely see more devaluations. even if you're worried about with going on domestically and what going on in equity prices, there is not a lot of places to put your money. 2015 of theat different asset classes, you would have lost money in treasuries. and in commodities. the only place you could he got out again is in the s&p 500. >> you're correct saying that if you follow the fed and the zero .nterest rate it the tide is turning because the fed is no longer saying they would maintain that. yet to change the approach where you have had two. and despite the fed having hiked interest rates, it is a 10 year yield. my expectation is that it will go below 2%. where do you make money? high-grade paper. u.s. treasuries. i'm trying to understand. yearould have thought this or last year, it would've been the years to go to treasuries. >> when the treasuries w

shanghai the real wanier here.winner >> nicole: want 4%. >> cheryl: dow pointing higher in premarket and s&p up by 3 in premarket. >> nicole: chicken salad recall from e. coli outbreak now hitting other major grocery states. contaminated celery in california. 150,000 products such as salad kit, vegetable trays, now among the stores affected are wal-mart, sam's club, target, safeway, starbucks, 7eleven. >> maria: we are tracking this cold front that's moving east ward and bringing in some unsettled weather. you can see in the radar. across the mid-atlantic and even down to alabama and mississippi and parts of alabama. you're going to need umbrellas across these areas and across in the appalachians, flash flooding could be a concern out there. you're enjoying mild temperatures along the east coast. as we head west ward, system that has arrived in parts of northern california, oregon and washington state. we are going to be seeing several inches of rain along coastal areas, potentially more than 3-inches. we could be

shanghai composite nearly down one and a half of 1%.one-third of 1%. >> lori: check out europe this morning. gaining momentum there. cac and dax actually up more than one and a half percent. >> nicole: dow futures this morning up 48 for dow futures and s&p futures up three and a half. >> lori: we will see what happens when the economic data hits us throughout the morning. right now at 31 cents to 36.45 cents. this is opec predicting oil prices will, in fact, rebound but the cartel says it expects to reduce production in the coming years. >> nicole: interesting. investors will look over another rowpped of economic news today. we will get a report on durable goods in november. analysts look for decline reassessorring 3% gain. durable goods expect today come in unchanged. personal income has seen falling to two tenths of the percent while spending expect today rise and we will check the mood of the consumer with the university of michigan consumer for december. it'll be interesting because if the income is falling, they're not going to fee

the shanghai composite gained almost 10%. it was one of the best performing markets globally this year. the hang seng in hong kong suffered on fears that china's economy is slowing. like the ftse 100, the asa in in sydney was way down as metals prices dropped. we are going to head back to france now, where a change is heading to the high streets in 2016. more and more stores will remain open on sundays. this follows a government push in 2015 to loosen sunday trading rules. a major retailer has reached a deal with employees to allow for extended opening hours. of next sunday, it will be possible to shop here in the center of paris. this store will now be able to open some 50 shops across -- this brand will now be able to open some 50 shops across france on sundays. people are thrilled. zara employees are ok with it, then why not? >> i work all day long ash all week long. it is the only -- i work all week long. it is the only day i have to shop. reporter: those who work on sunday will be paid double and will get extra time off.

erika: they were headed to shanghai -- from shanghai to toronto. erika tarantal, wcvb newscenter 5. phil: as we move on, security is tight in boston as security preparations are underway. jc: newscenter 5 at 6:00 starts right now. phil: stopping one terror threat. jc: making first night go as planned. mike: a warm 2015 gives way to a new year' s chill. you want to see my timeline on how this weather will affect you. phil: big money burger. s news leader, 6:00. jc: breaking news from germany tonight, a terror threat is shutting-down train stations in munich. phil: police there say they have indications of an imminent attack. two busy train stations are being evacuated right now. people are also being asked not to gather in crowds. jc: we continue to follow breaking news out of dubai. nearly engulf a luxury hotel skyscraper. phil: several people injured. newscenter 5' s reid lamberty is live at the breaking news desk. reid: despite the massive inferno that engulfed that nearby hotel, celebrations of the world' s tallest building still went on as planned. the fire at the luxury five-st

. >> on the streets of shanghai, we met chen yinge and wang jing. their nicknames? >> ellen. >> that's nice and your name? >> my name is jean. >> zhou peng goes by vic. >> why do you have an english name? everyone has one at work, he told us. but many nicknames do not exactly translate well to native english speakers. we've met a girl named king and at starbucks a ghost and a right as in mr. right. >> a lot of expats and a lot of different international restaurants around. >> reporter: lindsay jernigan was introduced to the phenomenon when she moved from washington, d.c. to shanghai and started meeting people. yo-yo, 11, apple and there are normal ones that just didn't fit like edison, edi for short. >> what did you think of all these names? >> at first i was sort of confused. i was more curious. why is this your english name? 26-year-old jernigan saw an opportunity and launched a website to help chinese find an english name. >> here we have the name. we have the origin, meaning. our target audience is really 18 to about 30. it's people that are kind of getting a li

my first question is obviously that you done chicago, shanghai, marshall field, but why des moines? jay: i've known the city for 20 years. i boys been fascinated by the architecture. little by little i thought about putting a book together and every book is different, every book had its challenges but this one came together very nicely about year and a half ago when i started. i always thought architecture was a great lens through which you can examine a city. that is certainly true for chicago and true shanghai, obviously and other cities that i've biography through their architecture. des moines is great, very substantial architecture and i think you are right, it's undervalued. maybe this can get people an opportunity to pay little more attention to something that is a very rich resource. mollie: you mention in the forward, modest. more is less, less is more. but is that iowa? jay: it is kind of a parlor game i play with architects here. there's lots of reasons, one was the city beautiful movement around the turn-of-the-century. the fact that 10 buildings were done by a professio

extending south into shanghai. you are not going to be looking at very much in the form of precipitation unless you are in the south there. a few showers though, but overall, temperatures still chilly. taipei with a high of only 19. let's take a look over toward the americas. the big topic out here is this storm system. look at this. very large one continuing to sweep off toward the northeast and already this has been causing widespread problems. over 40 casualties from this one due to severe weather, thunderstorms, tornadoes reported out here across parts of the missouri, even back toward the west, and also the snowfall. i know, across texas it has been coming down. back on sunday, some very hazardous weather conditions. this is out of el paso. when you think of this city, you are thinking cactuses and desert-type climate. the snow came down there near the u.s.-mexico border. overnight lows, temperatures dipping below the freezing points. in the west, staying on the cold side. in the east, we're contending with th