official of shanghai., the park was slated to open in 2015, but construction was delayed. the compound is 390 hectares in total. the main park is just one fourth of that space. adjacent to that is a nature themed park where a giant artificial lake, hotels and shops were built. people also have expectations for the area making use of the lake. the first stage of construction is disney resort. shanghai city is now developing the surrounding areas as the second and third stages. the total space is expected to nearly double. until disneyland was set to open, this area was a farming region that grew fruits and vegetables. despite being a part of shanghai, the development level is far less than that of the central city. with a globally renowned theme park set to open here, land values have soared to five times higher than before. that's why many local farmers have given up their land to receive compensation. as development progresses, some families continue to farm. however, they have been told by the local offi

professor of shanghai at jou dong university. many people you meet here, he's chinese but educated at american universities and was taught at yale and duke university of state. >> anthony: you fiorgive me, china looks different every time i come. it is changing so quickly. how did that happen? >> china enjoys a long series of peace. the manufacturing industry took off and policies and every country went into trade with china. >> anthony: there is no doubt that we are bound on. we are hopefully lessly and our economy is hopelessly interveneal. if one fails, the effect is disast disasterous. >> global impact to say the least. >> anthony: this was what i was waiting for. shaolin bows. >> if you don't know what you are doing. look, there are a lot of reasons to come to china and to shanghai in particular. these babies, done right, these things alone are worth the trip. ground pork and shrimp, folded exactly always 20 times freshly made individually rolled out dough. as they're steamed and delicious fat render and with the soup of the

♪ >>> shanghai, china. yong is taking care of her elderly father.he says it's her way to make up for past mistakes. yang is a former drug addict. yang's successful career in the apparel industry and affluent lifestyle was brought to a halt when she developed a heroin addiction. >> in the shadow of rapid economic development, the use of illegal substances has become a serious social issue in china. the number of recreational drug users apprehended in 2015 rose by 20% in just one year to 1.06 million. an estimated 1 in every 100 chinese citizens is a drug user. yang battled with drug addiction for 22 years. she says she could never have regained a peaceful life on her own. >> professional social workers assist those who battle with various problems in their lives. and are alienated from society. their experience is vital in the rehabilitation of drug addicts. quitting drugs is far from easy. >> social workers in china work with substance abusers for three years to help them get back on their feet. their job entails building trust with their clients, h

shanghai-hong the kong connect launch.is hopefully introducing institutional investors to the new economy in china, consumer related to high, health care stocks, about 40% listed in the shenzhen are consumer related. further hoping to professionalize the equity markets in china with more foreign institutional investors who perhaps have started to shy staterom those loaded owned enterprises, the old economy stocks in shanghai, so i will toss it back to you because we will get some dignitaries talking in just a few minutes, and a few of my colleagues in the press corps are giving me the evil eye as i'm speaking over the dignitaries. haidi: we will let you go so you don't get into more trouble there. we will be catching up with him later. still to come -- rishaad: the long wait for the shenzhen-hong kong connect, we find out what investors should be looking for. goldman sachs on how the outcome on asia will change with the italian referendum. this is bloomberg. ♪ rishaad: you are back with "bloomberg markets: asia" the latest

and the situation is not much better in shanghai.orter: we're in shanghai, on the sixth floor of an apartment building. the real estate agent guides us through the gloomy hallway. a one-bedroom apartment is up for sale, some 80 square meters in area. wie feng has been looking for a flat for two years now. and the offers seem to get crazier with every day that passes. the apartment isn't very attractive, but it's centrally located. the view is also rather humdrum. wie feng was hoping for something a little better. he asks what it costs and is shocked by the answer, the equivalent of more than 1.1 million euros. >> frankly speaking, this desire is always, you know, kind of frustrated by the reality that it is so expensive and so old, and i can't really picture myself living in this apartment. reporter: welcome to china's commercial capital. here in shanghai, apartment prices are rocketing. they rose 20% to 30% this year alone. people who want to buy and who aren't exactly swimming in money are desperately trying to find something befor

and joining us now from shanghai is peggy liu, the chairperson of the joint shanghai is peggy liu, the chairperson of thejoint us—china collaboration on clean energy. thanks forjoining us once again on newsday. we heard from those very concerned citizens about the dangerous levels of pollution in the north—east. how bad is it really for their health. i think on an individual basis where you have people going to beijing and getting internal bleeding, you know there's a problem. when you have people locked up for days trying to escape the smog, you know that this is something that is throwing everybody‘s lives into chaos. i think the good news is that china is trying to do something about it. the bad news is that it's going to take some time. china is trying to do something about it because in 2014, beijing declared an all—out war on pollution, but it's already been two yea rs, yes, pollution, but it's already been two years, yes, factories have been shut down, but are they losing the war?|j think that the thing to keep in

it has taken great advantage of shanghai as a tourist destination, particularly in the summer.ople have visited the park since it opened on june 16, and the prospects for this business look really strong, so much so, that we have already broken ground with expansion. we feel great about it. angie: there is still plenty left to come on our bloomberg best year in review. we will revisit some of 2016's most compelling company stories from didi's smooth ride to the samsung note 7 flameout. and how the election of donald trump has already had an impact on asia. up next, influential leaders share their thoughts on doing business in asia in 2016. >> china welcomes foreign investments. so other countries should also welcome chinese investors. >> this is bloomberg. ♪ ♪ rishaad: welcome back to this special edition of "bloomberg best." our review of the year 2016 in business across asia. i'm rishaad salamaat. volatility caused by global uncertainty was a consistent theme for investors during the past year, and along with brexit referendum and the u.s. presidential election, concerns over

we in the jewish call that as shanghai jews. angel island , so her grandmother came from shanghai to the united states from the pacific rim. fascinating. does she work with the museum on her pieces or does she kind of go off and do her artistic experience and then come to you and say, here it is. or is there artistic dialogue with the museum as she develops something? >> sure. heather has for the past and for this one as well, said i have this idea, contemporary jewish museum, would they be interested if this is the first place i performed this. in all cases, when we got to know her, we said yes. the idea is hers and she creates 8 off-site. but i believe -- she creates it off site. >> so really in some ways the museum in addition to all of the dozens of place to actually create art, not just to inspire it, not just to display it, but to in fact create it. >> absolutely. >> i know you have education programs for families and kids. can you talk a little bit about what the museum does in that arena. >> lorrie, did you want to -- >>

the nation has taken steps to support equities and currency following yesterday's 7% tumble on the shanghaiomposite. >> we had sweeping intervention today by the government, intervening to shore up the stock market. they bought financial stocks. they intervened for currency. the central bank intervened with 20 billion u.s. dollars to put into the system to keep a lid on borrowing costs offset capital flow. >> you're not seeing a hard landing, right? >> i think we had a hard landing already and we had a hard landing in commodities. we might have a hard landing in the economy. >> can the chinese government soft land the economy without a big disaster? thanswer is yes. >> china's stocks regulator is said to have called an unscheduled meeting as the worst start for chinese markets in decades. the reference rate by the most since august and a forced global exchanges to shutter early. >> china has second thoughts as it suspends the circuit breaking rules that have not kept investors from panic selling chinese stocks. >> do the chinese authorities have control of the capital markets right now? >>

elsewhere, insurance players , oil holdinge steady around $53 a barrel, weakness in the shanghai market. willing to putot money back into equities ahead of the end of the year. the offshore renminbi weaker following the pboc fix today. you are seeing the yen flat after hitting that 10 month low against the dollar, 117 handle. , aterms of the commodities boost in the aussie around .2%, emerging market countries being sold off, so a dollar strength story. down .2 percent, but mixed in terms of the overall equity picture today. let's get to first word news headlines with sophie kamaruddin. aramco will continue to explore an ipo in japan. riyadh is looking at markets from hong kong to new york for one of the biggest share sales in history. the saudi foreign minister has downplayed tensions with the u.s. after congress passed a law allowing victims of the 9/11 attack to sue them. californiaity of economics professor peter as donaldll advise trump puts a china critic as a trade advisor. new zealand's economy expanded faster than economists forecast last quarter as construction boomed and cons

much footballer carlos tevez stands to earn if he accepts a deal with chinese super league team shanghaishenhua. and "surreal" is the 2016 word of the year. the washington post has looked into the story. the word was searched by people online after moments of great shock and tragedy, with the single biggest spike on november 9, the day donald trump was made president—elect. it was the most searched word, apparently, according to the dictionary merriam—webster. joining us is iain anderson, founder of the international communications agency, cicero global. words are very important to you. we will come to the word surreal in a moment. good morning. some of the more sensationalist media in germany have pictures of angela merkel with blood on her hands, saying that she is responsible for what happened in berlin, and all the other attacks that have happened in germany this year. so, in the past 18 months, 1 million new german citizens. the political price that angela merkel may pay for all of that may be the big story of 2017. i mean, it is so tragic ina big story of 2017. i mean, it is so tra

china shanghai composite down. hong kong hang seng not participating.arter of 1%. lauren: basic resources under president in demand will fall back. nonetheless, look at this. we have the ftse now up 23 points. the dax in germany trading higher by 63 pints. nicole: over in europe with the audiotape arrows you had energy and health care leading the way while consumers were under pressure. today we see dow futures up 39. dow closed at the second highest level ever yesterday. s&p 500 up 3 today and nasdaq up 7. great quarter and six weeks in a row gain for the dow. lauren: we will take it. oil looking lower, down a quarter. 50.66 a barrel. nicole: coming up we will hand it over to maria bartiromo, mornings with maria coming up. nicole: all right thanks for watching fbn:am. lauren: have a great weekend and right now we will send it over to mornings with maria. maria: happy friday to you, thanks so much. i'm maria bartiromo and happy friday to you. it is friday december 16th, top stories right now 6:00 a.m. on the east coast. the thank you tour continues. pre

the nation has taken steps to support equities and currency following yesterday's 7% tumble on the shanghaiomposite. >> sweeping intervention today by the government, intervening to shore up the stock market. they intervened for currency. and the bank putting into the system to keep a lid on borrowing costs offset capital flow. >> you're not seeing a hard landing, right? >> i think we see a hard landing already and we had a hard landing in commodities. we might have a hard landing in the economy. the chinese government soft land the economy without a big disaster? yes. meeting as theed worst start for chinese markets in decades. the reference rate by the most since august and a forced global exchanges to shutter early. circuit suspends the breaking rules that have not kept investors from panic chinese stocks. >> do they have control of the capital markets right now? >> in the short-term, i don't think they do. it not in the next few days. it's not connected to fundamentals. either profits or the economy. theoes no one knows what proper level is, it's a casino. chinese stocks in a bear marke

shanghai down 0.2%, hong kong the same.was horrible for chinese stocks here, so we are watching those in particular, property developers ensure us that financials are doing badly. insurers, financials are doing badly. rateare raising the base to 1% to represent the dollar peg the hong kong dollar has. elsewhere, we are seeing weakness from southeast asia. the all oil and commodity heavy markets seeing a selloff, given the lapse in the oil price and commodities continuing to get back. a selloff extended. australia is underperforming. the nikkei 225 up 0.25%. we are seeing gains from exporter currency sensitive stock. insurance is one of the top decliners we see over there. in terms of what we are seeing with movers, another picture of a somatic trade we are seeing in today's session. mitsubishi motors, gaining on the topics. -- topix. that is something. a lot of automakers doing well on the back of the weekend yuan -- weakened yen.. we are seeing declines for sunday. rishaad: let's go to first word news. tom mackenzie is the

shanghai is dominated by the banks.erest in the shanghai connect which was launched in 2014, start to wane. we are looking at the shenzhen having a conduit for institutional investors a better representation of the chinese economy, that has really bifurcated right now. mainland investors will get better access to hong kong shares. we are awaiting for the dignitaries to speak and the gong will be struck. >> then it will begin. stephen engle at the hong kong stock exchange. what does it mean for china's inclusion into the msci indexes? let's bring in our next guest, nicole yehn. there is a lot of excitement at the exchange, for this link. could it be that there is so much excitement but it will and up being actually disappointing for investors as some are saying? i don't think it is right to success bye it, the the initial day or days trade volume. as the most seen important market opening event for the last 13 years since the 2003.g of the two fee in this is of strategic significance to the liberalization of the chinese

and the united states following the shanghai communique. and they can find a way of of nature of the issue. the of vital solutions and i think that is the approach so '02 reid craft that from the recreations of the tpp that died as a result of the congress not wanting to pass that to but the president-elect says he will withdraw of the american signatures. what is the of picture of the region going to look like and what should give from the american perspective to look like amy -- what should we suggest of the architecture of the region cracksman reid were in college we talk about the southeast asia entreaty organization and there is some type of architecture. but from our office security butted did not deal with that economic situation of the of workers. i do is think united states. >> pet i do think that is important and made the difference if we were enthusiastic about it instead of standing aside. won by a the way talking about coulter i the to china now lot and more and more they talk about the fact they have not been respected properl

in china, shanghai composite index gained 1.1%. nicole: oil prices for the third straight day. 53.54-barrel. nicole: yields on the 10 year treasury bond holding steady. lauren: on manhunt intensifies for a manhunt. usaid is beefing up security at our outdoor holiday markets, too. nicole: a powerful blast ripped through a market outside of mexico. mexico city specifically killing at least 29 people and injuring more than 70 people. lauren: fedex may be the stomach to watch today. the world's largest air freight company air freight companies and said spending on ground deliveries. nicole: san antonio spurs rallied the houston rockets 10 game winning streak. and hockey a 44-year-old player for that panthers help lead the team to victory. the story in highlights for you. lauren: good morning. 5:01 a.m. wednesday, december 21st. four days until christmas. welcome to "fbn:am," your first look at morning markets and breaking news. nicole: breaking news this morning. i met to plan it doesn't watch. today could be the day we had it. meanwhi

shocks in shanghai are down.ven as we got the better than as to made it industrial output and retail space dated -- retail sees data. the yen. a little bit of weakness. the dollar rally faltering a little bit. the dollar was down by 0.6% yesterday. a fairly substantial move. you mentioned inflation. loftyi coming off the levels from yesterday. hovering around the 52 mark. the the weekend and post euphoria of yesterday. inflation is a big theme the cause of what is happening in the saudi arabian conversation. year.e u.s. 10 we will put that in there to round out the conversation. hike andnce for a rate a two in three chance for another hike in june. stabilization held in november with industrial production climbing 6.2% from a year ago. slightly above estimates. retail sales advanced 10.8%. this gives policymakers more well to switch from stimulus towards curbing financial debt. donald trump will announce that he plans to nominate exxon ceo wrecks tillerson as his secretary of state according to a person familiar

for -- 4/10 of 1% for shanghai. hitting and you 2016 high. 12 months year to date, where are we? shanghai deposit down 13% for the year. hence saying index, here we go -- the hang seng index, here we go. maybe about a hundred, 120 points. it does manage to get above water. also watching a lot of these casino players. mgm one of the better performers in the space. it's been quite a year. january 1, that's what the new data comes out of macau on the gaming intake. we are expecting roughly a 9% increase year on year. another group of socks we are watching, ipo's in china trading. we have to on the mainland. one in hong kong. which onesf obvious are those listed on the chinese mainland and which one is a really -- is having a really good session here in hong kong. we've been checking these guys a reasonable day. my don't even know what these companies -- there's not anything against the companies. that's exactly what we seen every single day. 2016 was another ipo extravaganza in china. sherry has details on how much we

daisuke azuma, nhk world, shanghai. >>> american actress carrie fisher has died. she gained fame as princess leia in the "star wars" series. she was 60. media reports quote her family's publicist as saying that fisher died in a los angeles hospital on tuesday morning. the actress was hospitalized after suffering a heart attack last friday during a flight from london to los angeles. fisher was born in california in 1956 and made her film debut in 1975. two years later, she shot to stardom by a appearing as the tough, unyielding princess in the first "statar wars" film. she also starred in the other installments of the original trilogy. including "return of the jedi." in "the force awakens" fisher played the same role for the first time in 32 years. fisher was also an author and screen writer who was outspoken about her struggles with bipolar disorder. >>> a top professional player of shogi, also known as japanese chess has criticized the japan association for suspending him from official play. a third-party panel set up by the association said on monday there's no

in china the shanghai composite fell half of 1%.al retreats, oil prices up after the opec production cut. right now 5243 a barrel falling back a little bit 55 cents down. lauren: keep your eye media ahead of a possible rate hike. 2.44%. >> and spores, golden state warriors saved the best for the last for the northern pelicans. all the highlights. >> i like the word. good morning it is 5:31 in the east. welcome to "fbn:am," your first look at morning markets and breaking news. nicole: president-elect donald trump's thank you tour praising his choice for secretary of state rex tillerson. >> wrecks to be a fierce advocate for america's interests around the world and has the insight and talents necessary to help reverse years of foreign policy, blunders and disasters. >> trump complementing house speaker paul ryan following their strained relationship during the election. >> speaker paul ryan, i come to appreciate him. speaker paul ryan. where is the speaker? where is it? he has been terrific. you now, obviously he is like a fine wine.

we have the shanghai open. let's see what is going on. a global relief rally is on. aidi: that is what is at play. the pattern we have seen over the past few sessions where you had that selloff. a bit of a knee-jerk reaction

rosalind: shanghai, new home prices falling. unchanged, but is what wear prices are looking at the shenzhen up by 28 percent, shanghai by 34%, and beijing up by 29% year on year, so cooling measures, yes, they do seem to be working, but if you look at the course of a year, home prices have jumped in china, and this is a key concern at the meeting, the central economic and were committee meeting, property bubbles were a key focus for them. going into say that next year, they will concentrate , andflating asset bubbles property is one of them. it will include limiting loans for speculative home purchases and eliminating excess housing supply. some economists have seized upon this comment, houses are to be inhabited, not for speculation. authorities continue to really scrutinize prices and clamp down on them. rishaad: what about when it comes to the economy going into next year? you mention something about reducing these bubbles. asalind: managing risks is key focus for chinese leaders going forward. they are very worried about ass

consider oscar, 25, at his peak, and leaving chelsea tojoin a different shanghai side.e chinese clubs now a threat to the premier league? sam allardyce said today he'd rejected a chance to manage in china, but thinks more players will go there. with their population and the fact that the people will go out and watch football at that level, only time will tell whether it's the right thing to do or not. but the clubs are not going to turn that money down, and certainly the player isn't. it's possible to build a successful football league with foreign talent in a country where the national team fails. they could ask england fans. china aims to win the world cup. if so, the next generation must be better than the current one. in a recent world cup qualifier, china lost to syria. joe wilson, bbc news. a £5 note engraved with a tiny portrait of jane austen and said to be worth up to £50,000 has been found in a christmas card. the second of four special £5 notes featuring art by specialist micro—engraver graham short turned up on thursday in the scotland borders. the first was

the shanghai and hong kong open.s heidi. >> looking at that chart thinking, if you just close your eyes and pretend 2016 didn't happen, equities are looking pretty good. having said that, this global rally we've seen get accelerated by those record highs being hit, we are starting to lose a little bit of sting now. we're turning the mix in the asian session as we head closer and closer to potentially the most certain federate hike decision we've ever had. let's take a look at how the china open is there. we've got a divergent picture there. very strong straight out of the gates. shanghai lulled by .2%. we had futures pointing to a higher open. taiwan there giving up those earlier gains. the nikkei 225 fluct waiting between gains an losses much of the morning, down about .2% ke de-spite the hong kong survey coming in showing that business sentiment in japan is improving. new zealand extending losses, australia seeing strong gains when it comes to some of these mining companies despite basic materials being really a la

shanghai up about half a percent.n europe uk inflation overshooting estimates hitting the highest level since october of 2014. european equities green this morning. the german dax up is a little more than half a percent there. looking at the ftse and mib in italy surging 1.4%. and spain up .9%. this is the concern there would be higher inflation with low growth as a result of the sharp slide in the british pounds after brexit. >> inflation number wasn't way awade of expectations is po1.2%. china data, that data was pretty strong. fixed asset investment, retail sales, industrial production, all encouraging. shanghai not responding too much to the data. that brings you back to the bearish arguments which is that it could mean there's less stimulus since stimulus is the factor that people felt kept the economy going. shanghai composite has been falling because of fears about the currency. some issues there. >> also there are two big themes emerging for emerging markets in the coming months and year and that's one, how to

we have seen the shanghai market -- 0.2%.her, 2.1 not a great week for the shanghai composite. been a lot of concern with the fed rate hike, the yuan , and we also have leaders speaking in beijing today. the shanghai composite over the week down about 3%. nikkeistrength means the has been a standout along with the topix, both trading at 2016 highs, both erasing losses for the years. some good games coming through. australia didn't have such a good day today and we've seen weakness coming through from the southeast asian markets. taiwan in particular and the philippines off by about 0.4%. the other movement we've been watching his asian currencies. the pboc today fixing the yuan rate at its lowest level since march 2008. if you have a look at the offshore renminbi, it has quite a downward trajectory. trade fairly days flat. the japanese yen hit that 10-month low against the dollar. still holding around 118. anna: thank you. european union differences over russia were exposed as leaders held their last summit of the year in brussels. they demanded an immediate cease-fire around a

jakarta up .3%, shanghai up by .6%, and pick up in hong kong, .4%.losed at a four-month low and chinese equities at that six-week low. we have had a lot of geopolitical risks, but today, most investors are buying into these equity markets, particularly into the year end. well supported, the yen fluctuation playing in, the nikkei up by .3%. australia's market trading at the highest level since august last year, some very strong support coming through from that australian market, which has been struggling to get above that 5600 level. the new zealand up by .7%, some solid support from southeast asian markets. under significant pressure yesterday, but some buying coming through as well with investors looking past those risks. the yuan fix weaker, but the 6.9469, renminbi sundown .1%. not too muchyen, fluctuation, holding at 10 month lows, only up by .1% at the moment. that is one to watch, particularly as a lot of analysts say we could be seeing and end to this a dollar rally, the bull run being crowded at the moment. haidi: thank you for that. rishaad:

shanghai, little or no movement. index on the way up after a fairly lackluster session there. bit more conviction taking place there. the philippines, indonesia, malaysia, and this, there we go. up by .3%. manila putting in a good spurt there, and even better out of jakarta. ok, i had on "bloomberg markets: asia", and she will be updating you with the big stories of the day. the year thatat has gone and the prospects for the year to come. ♪ >> from our studios in new york city, this is "charlie rose." charlie: tiger woods is here. he is considered one of golf's greatest players, if not at his best, the best. at age 21, he won his first major tournament at the masters by a record 12 strokes.

we show you hong kong and shanghai, both lower. shanghai comp closing down a half percent. kong, down 0.3%. underperformance in emerging markets, especially in asia. epfr, which tracks fund flows showed continue flows out of emerging market equity funds this past week. this is on trade fears, trade tensions heating up with the u.s. in the next administration. also on the federal vef rairese raising interest rates. >> we talked about this last night, the emerging markets on the fx side, the big etf that tracks the large cap chinese stocks have been on a losing streak. >> because the money is flowing here. coming into the u.s. >>> as for the broader markets, if you look at the oil trade, oil is weaker so far this morning. wti crude $52.63. that's down by a half percent in early trading. ice brent crude, $54.72. that's off by a similar percentage point as well. as for the ten-year u.s. government note yield, fairly stable. just like the markets over the past few days, 2.546%. just around that 2.55 level. keeping an eye on ten-year treasury note yields. as for the dollar, we st

shanghai and hong kong finishing higher. shanghai up.75%. >> oil prices. 9% gain yesterday.me form of opec deal was confirmed. 49.9. shy of $50 this morning. worth pointing out for the month as a whole, wti gained 5.5%, highlighting that the -- all the gains came from yesterday's move. we had been soft ahead of the 9% gain yesterday. let's have a look at the 10-year treasury. back 2.4%. the yield slipped back to 2.34 range. again, we're ending the week with bond prices rising. 3.2%. a strong dollar month for november. the final three trading sessions did see dollar declines against the broad index, down a third of 1%. this morning, as you can see, we're seeing a little bit more dollar weakness. the euro high. the dollar a bit softer against the yen. the pound stronger half a percent. >>> another busy day on wall street or jobless claims. that will be followed by manufacturing index and construction spending at 10:00 a.m. more receipt ta mester and rob kaplan speaking today. look out for results from dollar general before the opening bell and workday and smith & wesson, gunma

rishaad: how much have they learned from the shanghai connect.ules, the technology seems to be the same. the selection of stocks will differ for foreign investors. they will have access to what we call china's nasdaq in shenzhen. comingnese investors out, they will have access to a range of small-cap stocks not previously available. haidi: i guess they are managing thectations because shanghai-hong kong stock connect did not take off. these are high-growth, new economy stocks. also, more prone to speculation, shall we say. >> the authorities at the exchange in hong kong and shenzhen have been keen to dampen expectations for the launch in early days. take up, be gradual part of the bigger picture of china's opening up, reforms, etc. we have seen the shenzhen exchange issue cautionary statements on their website to comingrs, thinking about to hong kong, to be wary of some of the tricks in the small cap's segment here. rishaad: are we going to see any kind of blurring between the h-shares and a-shares? it is hard to say at this stage. .e said that t

backhilippines pushing after yesterday's rally, the shanghai composite down .2%.given currency markets the weaker fixing from the pboc, a softer currency today, the yuan there. a stronger day for the yen against the dollar. that's dollar-yen up since november. trading below 117 as the greenback fell against most major currencies. in the oil space, continued weakness there, oil retreating from an 18 month high after industry data showed u.s. stockpiles in the u.s. rose last to of forecast showing inventories fell. we are close to what we are expecting from opec and other major oil producers next month when it comes to those promised output cuts. rishaad: thank you very much indeed for that. news,get to first word shery ahn. the bank of japan has released comments and opinions from its policy meeting that relate to the discussion before when one unidentified member admitting 2% inflation target remains a long way off. another opinion backed that up, saying japan is at a critical juncture to achieve its price goal. one member as optimistic, saying rising private cons

china, shanghai composite losing half of 1%. trying to oil prices at the last couple of sessions gaining 7 cents to the upside. lauren: the yield holding steady at 2.58%. train to the family of the orlando nightclub attacks facebook, twitter and google help to support aces. lauren: president obama two years in 1953 law to block oil drilling in the atlantic. nicole: carolina panthers deal a blow to the washington redskins and those playoff hopes have been blown. thunder to the atlantic coxswain of the highlights for you. nicole: five of 1:00 a.m. the 20th of december. welcome to "fbn:am," your first look at morning markets and breaking news. >> if we're looking forward to christmas in the season are no longer a manic status. the terrible deed which one cannot understand took their life. many people are fighting for their life and fighting for their help and our first and foremost sick of these people. the dead committee injured, their families, friends and relatives. i would like you to know that we, all of us, the whole that the

japan marched out of shanghai at the insistence of the league.ned a truce with china on may 4, 1932. four months later, japan moved further into mongolia, sent out colonizers to follow the army into the conquered territory, of the puppet state manchukuo was in full flower. the league branded japan an aggressor, and japan resigned, deeply hurt. japan moved further into china, pausing only for breath. japan inflated the mukden incident into the china incident. it was not war, the japanese said. 400 million chinese were caught up in this incident. china was looted and shelled and put to the torch. ♪ china was bombed in this incident. ♪ narrator: chinese forces united under generalissimo chiang kai-shek were pressed back by the invaders. china moved her armies and her meager war industries far into the interior. the chinese fought on, not so much with weapons, as with space and time. few americans knew japan. to us, it was the land of fujiyama, of cherry trees, exquisite gardens, geisha girls, picturesque peasants. we had opened japan to the western

shanghai composite half of 1%. korea's kospi down. still digesting from we heard in the bank. with that the ftse 100 in london up and dax in germany down 11. the central bank did raise forecast for this year and next year. nicole: let's check on what's going on with u.s. stock market futures. we are approaching 20,000 for the dow, getting closer and closer as we hit another record. the dow, nasdaq and s&p all hit records, today a mixed bag, the dow futures right now are pointing to up 12 points. s&p futures down 1, nasdaq futures down 1. >> there's a meeting tomorrow in viena among opec and nonopec members and they are going to talk about how to get nonopec members to cut production too. it's up almost 1%. gold is down a tenth of a percent, 11.71 a troy ounce. nicole: the los angeles city attorney's office filed suit against jc penny, sears, kohl's and macy's in deceiving that they were getting discounts on thousands of products. retailers advertise higher regular prices for the merchanted ice and the customers would believe that they

shanghai gained by 1.11%. 3137 is the closing number there. share prices in thailand inched down to close at 1508. down .2 of 1%. indonesia was down by 1% extending losses to a seventh day on concerns over capital outflow. sidney added 0.7% to reach a high. japanese survey shows the average hourly pay for part time workers has topped 1,000 yen for the first time. that's about $8.5. ththey keep track on part time workers in three regions. hourly pay averaged 1002 yen up from a year ago. it marks an all time high for the third straight month. officials at the employment information firm attribute the trend to a labor shortage nationwide and hikike in the ofofficial minimum wagage in october. >>> here's a look at some of the other business stories we're following. >>> officials of a japanese electronics industry group say they expect domestic production to fall this year by 6% from 2015. that's the first drop in three years. affected prouts are electronics, tvs and smartphones. it's due to a drop in demand. officials at japan national tourism org

significant weakness in shanghai, down .7%. hong kong, down by 1.2%, only to stocks on the hang seng in the black. australia, a at better than expected employment number, 39 thousand 100 jobs created over the last month, but you did see the unemployment rate pickups likely, participation higher, so a dip in terms of the australian markets, also korea, the bank of korea leaving rates on hold at 1.25% as expected. have a look at the offshore theinbi, down .2% against dollar, six point 9381. we did see a weaker fix from the pboc once again. that is the weakest level we have seen since august 29. the aussie dollar has recovered after that jobs data come up by 74 .24. bonds, you are seeing a little bit of movement in terms of the yield on the australian 10 year note. bonds getting a little bit of a bid today. thank you so much. let's check on the markets, and we get back to our top story later. rishaad: let's get to first word news. shery: shares in chinese tech itu start trading after an ipo expected to raise $630 million. the mobi

the shanghai nikkei, hang seng and cost be all that more than 1%. nicole: we at the italian referendum. they voted no and we saw the italian banks down about 50% this year coming under some pressure. other than that, markets tax equities in particular to the upside pigmented sociopathy%. cac upon .5%. german dax of 1.7% and matteo ben c. #-number-sign and uncertainty remains. cheryl: analysts and fed boosted the major selloff that the major selloff that the vote went to a resounding no for italy. take a look what's happening with this market futures. that's outputting higher pay 81 points. s&p up nine, nasdaq up to 26. cheryl: it will search last week of 12% last week and moving to new highs we haven't seen in some time over years. 50 to 12 a barrel up 1% right now. cold calling back the gold has been down for weeks and about losing 10%. today it's down $11.5. cheryl: commodities to want to watch today for u.s. markets because it's all about the dollar. the dollar trading against key currencies including the euro down substantially against the dolla

in china's shanghai composite down the fifth of 1%.et's check out what's going on in europe. part of the big deal here is that the german dax is above the 11,000 mark them as the first time wednesday night in 2016. all of these in wait-and-see mode. the cse appointed by 1%. german dax up almost a third of a percent grassley and mrs. the european central bank. they also hear from lawmakers moving forward with the british exit plan. lauren: would've been on the record tear. dow jones futures at 13 points, s&p futures up on. they can s&p sectors we like to watch are up sharply. financials of 17%. investors of 10% since election day. nasdaq futures she had a record year at seven this morning. nicole: let's check out key commodities. 5004 the browse up half of 1% right now the gold is down 60 cents that is often 76 to try out. lauren: senate antitrust panel with at&t and time warner yesterday. senators questioned the logic of the $85 billion steel and weather would improve competition and reduce prices for customers as the company stay aflo

both of us up in the shanghai and and a japan upon by 1%. again weaker today. seng hong kong hang seng hong kong gain in the third and south korea fractionally. lauren: the eurozone is good news because that's the best number we've seen since january january 2014. it's very interesting after we have records yesterday in records yesterday and stayed the oil soaring and the best month for financials than five years. markets in europe selling off half of a percent across the board. the cac down half of 1% despite the fashion show in the german dax down half of 1%. lauren: vidal in november, the best month since march of 5.4%. s&p best month since july. kicking things that this december 1st. dow futures higher by five points. car sales up later today, construction spending, jobless claims and key earnings. s&p s&p futures down the pike on the planet, nasdaq futures down five. nicole: plus check out what's going on with oil and gold. oil soared to an opec cuts for the first time in eight years of pictures to do so. when the fugitive since the order 9.96. it's up 1%.

and china's shanghai composite down three quarters of 1%.alling 4% yesterday, oil prices stabilizing. 5128 a barrel. lauren: the yield on the 10 year treasuries back into the highest level in over two years. 2.61%. >> while the fed is raising interest rates, donald trump is meeting with leaders in the technology industry. we will tell you what he has to say. lauren: the feature might be you right now because amazon made its first-ever delivery. we will tell you how it went. >> the boston celtics at the san antonio spurs. in hockey overtime goal list the pittsburgh penguins over the boston bruins. all the highlights for you. i 31:00 a.m. a major december 15th. 10 days until christmas. welcome to "fbn:am," your first look at today's market than the latest breaking news. nicole: job who has been hacked once again. the data breach which happened three years ago exposed the personal information of more than 1 billion user accounts. this is the biggest hack attack ever in policy separate data breach that yahoo! announced three months ago that affe

the shanghai composite down 2.5% on new regulations. the hang seng in hong kong down 1.5%. the nikkei in japan that .9% and the cost in south korea at the 10th of 1% today. dagen: european stocks down across the road all the losses there are modest. the biggest loser is the dax interbranch and one of 1%. lauren: usi can make sutures after five straight record close as for the dow up five weeks in a row. dow futures down 15 points, s&p futures on 3.5. nasdaq futures given up 27 after all three averages plus 2000 on friday. dagen: to benefit oil prices recently. the cost of crude right now near $54 a barrel hasn't gotten the way the record-breaking red sox in the u.s. energy stocks have been hoping that those markets. pulled off by $5 an ounce. lauren: pepsico wants to sell healthy food for consumers just one chance. the food and beverage giants wants to make good for you snacks for much of its revenue growth comes from high-fat, high salt standbys by two readers than she does. the world says no thanks. beijing wants foreign funds to come to china both a weakening currency ke

the shanghai composite not even a 10th of 1% today. lea: oil prices shot up after news of oil production cut. train to the federal reserve begins a two-day meeting on interest rates. but check out the yield on the 10 year treasury 2.16%. lea: apple is talking to investing $100 billion technology fund. we will have those details. n|lauren: in sports, new england patriots outlast the baltimore ravens. major league baseball bins a controversial rookie hazing ritual. we will tell you about that. lea: 5:01. tuesday, december 13th. welcome to "fbn:am," your first look at morning markets and breaking news. good to see you. n|lauren: good to see you. president trump will announce his choice for secretary of day. a look ahead at the other events and trends busy schedule today from connell mcshane. the secretary of state announcement is the most anticipated if we been told to make the exxonmobil ceo rex tillerson. his business ties to russia and its relationship with vladimir putin. as you continue meeting the trump tower, you will resume thank