and it is all about electric vehicles at the shanghai auto show.around the world lining up to show their next generation cars to china. south korea and japan coming online right now. let's turn to sophie with a check on the market. >> we are seeing the nikkei losing more than 1% there while the yen is trading near a six-week high. the boj governor appeared in parliament today. we're watching for any indication of inflation with the nikkei news reporting they are considering testing -- cutting rates. the open on south korea this morning, a fresh record on monday. the kospi little change, but the downside this morning. more headwinds coming together for the index. goldman says it will lead to a loss of revenue that we've seen in the past. we are paying attention to possible outlooks from emerging markets between ems and dm's. switching out the board now the head of a meeting, falling with the yield curb their. trading around a one month high. little change with the start of the staggered open. in sydney here. the offshore yuan is trading around a 651

also in the show it's the only international auto show taking place during the pentagon and happens to be in the world's largest car market. the shanghai auto show. welcome to the show i'm seeing here is the end berlin on 12 of europe's biggest and richest football clubs have announced plans to form a separate tournaments to replace their participation in the annual champions league super league organizers include heavyweights real madrid barcelona liverpool and you ventus they say the new legal secure them critical revenue this disappeared during an industry battering pandemic but the breakaway group faces opposition from domestic leagues fan groups and champions league organizers. now let's take a look at the money potentially in play the league itself will be backed by about $5000000000.00 euros in debt raised by u.s. investment bank j.p. morgan organizers of the super league estimate revenue of over $10000000000.00 euros annually would be significantly higher than current european tournaments leagues also promising a massive upfront cash injection for clubs to build up infrastructure investment a whopping $3500000000.00 euros for t

the shanghai auto show opens it's doors. we'll discuss all the latest trends in the automotive industry. and a niche sport that's going mainstream. the rise of drone racing. cyber attacks on companies are now widespread and on the increase. the proportion of businesses targeted by cyber criminals in the past year rose from 38% to 43%, according to a report published today by hiscox. over a quarter of those firms targeted had to deal with five attacks or more. perhaps unsurprisingly, spending on security has doubled over the past two years. only last week in a world economic forum survey of firms, two in five flagged up cybersecurity as a major risk factorfacing firms. so why is it rising, and what can businesses do to protect themselves? joining me now is gareth wharton cyber ceo of hiscox. talk us through the last year. is given the attackers many more routes to target customers so there is many more fishing attacks so lots of covid lowers, coming here to your vaccine, get —— learn about covid —— phishing. also businesses h

show, electric vehicles are hogging the spotlight. in shanghai, here's cnbc's eunice yoon. >> reporter: at the shanghai auto show it seems like everyoneeld off until now >> the chinese consumer is very familiar with the cadillac brand. now we're showing the customer what electrification means when it's a cadillac. >> this is a big day for ford in china. >> gm's cross town rival is also here showing off its made in china for china electric mustang mock e. >> ford has been around for 118 years, and the industry is going through a pivot now, and we feel that we are going to be as relevant in the future as we have been in the past. >> reporter: china's ev market has grown exponentially, powered mainly by chinese startups encouraged by the government's policies except for tesla, unsure beijing's electrification drive would find consumer demand. >> now that the ev drive is bigger and policy pressure mounting, measure international brands are jumping in andthat could reshape the market here. >> china has ordered most cars need to be electric by 2035. ford plans to target high end and middle income customers with its evs. gm has had success w

auto show.kicks off today -- show kicks off today. the auto market and beijing's green push. let's get live to shanghai.st, let's sit -- but first, let's see industry leaders. >> the whole industry is. -- is affected. the capex is too low. >> the issues with chips, this is a short-term issue and we'll work through it. >> once you get these chips, you have to decide. you can look at your profit margins, and put them into the vehicles where you have the best margins and the tightest supply. so, it's going to be chaotic and challenging, but i think we can navigate through it, still being able to hit our retail targets for this year. >> actually, we've been impacted since the end of last year. but the impact is into big. around 10% isn't t -- isn't too big. around 10% in sales. >> we had disruption in the first quarter. we are now talking about what the recovery scenario could look like with our suppliers. manus: let's get to the shanghai auto show. tom mackenzie is standing by. tom a super important guest for us. good morning. tom: good morning. thank you. very pleased to say i'm joined with the china ceo.

we have nine models on display at the shanghai auto show.s is china's most heavenly -- heavily invested real estate company. they have no interest in cars at all. there are skepticism in the number of companies that are moving into the space. on the back of record ev sales last year, 1.3 million units sold in china, that momentum keeps going. to do have companies like the property developer ever grand, also while white -- hauwei, they are now moving into the ev space. there is concern about a bubble within the sector. other things executives are talking about if the continued strength in the premium segment of the market. you have bmw, mercedes benz, they suck record numbers of cars in the chinese market in the first quarter. that momentum looks like it is going to continue. what else is happening? there is also the debate about the incumbent automakers who are moving in and really making their first imprint on electric vehicles this year. audi, bmw, mercedes, all coming out with electric vehicle models they could start to challenge tesla, w

it is all playing out at the shanghai auto show today which is actually an auto show with thousands ofple inside of a building and cars and also eunice yoon who is there for us. eunice, great to see you at the all conference with other people >> reporter: absolutely. i know usually when in the past when asked to cover a car show, i tell the team, okay, get ready for the crowds this time it was like get ready for the crowds we realize it is a physical space and lots of people are here one of the main themes we are seeing is the fact that there are so many companies that are pushing evs. including a lot of brands that have been holding off until now. take gm's cadillac it unveiled the lyric. this is a car that is based off the company's ultra ev technology it was supposed to make a debut in the u.s., but because the pandemic, held off until now also, ford is showcasing its mustang mach e the chinese version. the company will be making that car in china for the chinese market what is interesting is that, of course, we know the ev market is a huge one here. it is largely dominated by chine

or for their from shanghai auto show and here's a reminder of the top business story we're following for you. european drug regulator e m a set to issue a recommendation later tuesday on the safety of johnson and johnson's vaccine earlier statements before he said it continues to believe the benefits of the shot outweigh the risks of side effects decision against the job could be another blow to european businesses continuing to suffer due to ongoing lockdowns. that's it for me and the business team to check us out online for more of these and other stories dot com business and see if there's a watch. me and one woman versus the military. de facto head of government disempowered and detain people on demand in. the regime's forces are responding with clients why is the new dell peace prize laureate fanciful threat to the powerful generals. close up. just to double. up these places and go for smashing all the records to. step into a gold adventure of the treasure map of whole lot of globe trotters discover some of the record breaking sites. into a no holds on book form. manned mars dem

was the best selling electric vehicle in china we followed two tesla owners at the ongoing shanghai auto show and see whether or not there has anything that could break their loyalty to their beloved car brand. >> they come the the shanghai auto show to see if many of the chinese tesla wannabes can stand up >> do you like >> reporter: he works if finance. he's in i.t. he dreams of upgrading to a tesla roadster he loves his model three so much, he sleeps in it. on their list, established car maker, the zeekr 001. >> what do you think it reminds me of a model three, he says. next stop the et 7 by new york listed nio >> when i driver it, it will feel like no >> looks like a model three. some didn't merit a visit. he doesn't like the company name but he did find car he does like by newcomer. tesla has problems with panel gabs it's gotten better but not like there. to judge car you really need to know how it drives after a day kicking the tires. >> i still choose tesla for now. >> you still choose tesla? >> yes >> how about you >> buy a tesla >> reporter: they said the biggest draw for the tesla i

shery: tom mackenzie live for us at the shanghai auto show.di: later we will be hearing -- we have some breaking news crossing the bloomberg when it comes to m&a deal being done in australia between galaxy resources, mostly producing the likes of lithium and the like. they have agreed with orecombre, also mostly focused on lithium, to combine in a merger equal to about $3 billion u.s. really talking about galaxy holders owning the remaining 45.8%, with all corporate owners holding 54.2% of the combined entity there. galaxy holders will get just 0. 569 shares for each share in that deal. a lot more to come. this is bloomberg. ♪ s bloomberg. ♪ shery: take a look at the day ahead. continuing to watch the meeting between federal and state leaders here in australia on the vaccine rollout. prime minister scott morrison already said alternatives to the astrazeneca shot will be discussed as well as other way to speed up progress. haidi: on the m&a front, australian logistic assets. the biggest real estate deal in the country in five years. also hearin

we are live at the shanghai auto show later. coming up next, the global death toll from covid-19 exceeds 3 million and hospitals are vaccinating. latest in the fight against the pandemic. this is bloomberg. ♪ vonnie: this is daybreak asia, i'm vonnie quinn with the first word headlines. internationalizing the yuan is not an attempt to replace the dollar but to give markets another option for international trade investments. the central bank says the efforts to create digital yuan are for investment use. amid concerns that it could replace the dollar. u.s. and china say they are committed to operating on climate change and able leading the paris agreement. the joint statements came after both sides messed -- both sides met last week. u.s. president joe biden will host a virtual climate conference with world leaders this week and chinese president will participate, according to dow jones. the u.s. has warned russia that it will face consequences if alexey navalny dies. the outspoken putin critic is in his third week of a hunger st

in china, right huge cult following there, but fan dual thchina, wandering eyes visiting the shanghai auto showporter: carl, tesla come under fire in china recently with state media and the communist party calling the company arrogant so we followed two tesla owners at the ongoing shanghai auto show to see what might break their loyalty to their beloved car brand. xavier jeong and david are tesla fanatics cake to the show to see if any of the many tesla wannabes can stand up. >> do you like it? >> ah -- >> reporter: working in finance, the other in i.t john bot a model y dreams of upgrading to a tesla rose ter he loves his model so much he sleeps in it on theirlet, established carmaker the new 001. >> what do you think >> reminds me of a model three, he says, like that's the standard >> reporter: next stop, et-7 by new york listed neo. >> so i think low to ground. i think when i drive it it will feel like a roadster. >> looks like the number 3. >> reporter: some ev makers didn't merit a visit passed over because he doesn't like the company name but found a car he does like like new onor way. tr

here is eunice yoon with the shanghai auto show >> reporter: at the shanghai auto show, it seems likensumers is very familiar with the cadillac brand. we're showing what connectification is really. >> this is a big day f sect connectification is really. >> this is a big day for ford in china. >> gm as rival is also here. >> ford has been around for 118 years. the industry is going through a pivot now. we feel that we are going to be as relevant in the future as we have been in the past. >> china's ev market has grown exponentially powered mainly by startups encouraged by the government's supportive policies the except for tesla, foreign makers are largely stalled. now that the ev market is bigger and policy pressure is mounting, more international brands are jumping in that could reshape the market here china hayes ordered most cars need to be electric by 2035. ford plans to target high-end and middle-income customers with its evs.evs. gm made this mini gm made this mini ev with its chinese partners it turns out it's the best-selling electric vehicle in china for the past eight months

one, you don't see this very often in china, let alone at the shanghai auto show which i've reported from several times. the other thing to keep in mind, this woman has done this other parts of china this is not somebody inspired for the first time to stand up and say i see a wrong and i'm protesting about it. she has been videotaped and it has been documented she has done similar types of protests in other parts of china nonetheless, getting some attention online today melissa. >> supposedly her father was involved in a crash that was in a tesla. so that's what motivated this woman torg across china and protest. >> sure. >> but in terms of the self-driving feature beta tested that's marketed as full self--driving. i would think this they would come under scrutiny. >> correct. >> for what it's called. >> that's what critics are saying, melissa. critics say you saulo call it full self-driving. elon musk was on joe roguen podcast a couple months ago and said we're not far from seeing autopilot get to the point where you don't have to drive unless you want to. now, he didn't say, look,

this suv will make its debut at the shanghai auto show which kicks off today.tery-powered vehicle is part of seven full electric vehicles under toyota's beyond zero brand. it includes a new all-wheel drive system packaged in a sleek design. it's part of the automaker's push toward carbon neutrality by 2050. anne-marie? >> well, you know, it looks good. i guess the big question is how much is it going to cost. >> i know. exactly. >> i love these concepts, but when am i going to see for sale? >> and how deep do your pockets need to be for this? hopefully it's more gracious than a tesla. >> yes, tell me abou tell me about. diane king hall in new york. thank you so much. >> you got it. >>> up next, first flight. a nasa helicopter sets out to make history this morning on the planet mars. i'm erin. -and i'm margo. we've always done things our own way. charted our own paths. i wasn't going to just bk down from moderate to seve arti. d psoriatic arthriti'thange an dama, ked abbr enbrel helps relieve joint pad stopermanentoint dam plus enbrel helps skin get clearer in p

on the show it's the only international auto show taking place during the pentagon and it happens to be the world's largest car market will be good at the shanghai auto show. the welcome to the show the ember led on 12 of europe's biggest and richest football clubs of n l.

and we show you the weird and the wonderful wheels at the shanghai auto show which opens its doors to the public today. netflix shares have plummeted, sinking 11%, after the streaming service reported weaker than expected earnings for the first 3 months of this year. that's despite the company being one of the big success stories of the pandemic. the company warned that the pandemic has put a brake to production, meaning there will be fewer new releases in the coming year to keep audiences gripped. netflix estimates it will add justi million new streaming customers in the second quarter, while analysts had expected a forecast of nearly 4.8 million. joining me now is duncan nichols, director of strategy, croud. good morning, duncan. were you surprised about the news of netflix? ., . , ~' netflix? not really, ithink many expected _ netflix? not really, ithink many expected netflix - netflix? not really, ithink many expected netflix noti netflix? not really, i think. many expected netflix not to add that many subscribers in the first quarter mainly because they added so many during the c

also on the show it's the only international auto show taking place during the pendennis and happens to be the world's largest car market. at the shanghai auto show. low and welcome to the show m c busy in berlin 12 of europe's biggest and richest football clubs have announced plans to form a separate tournaments to replace their participation in the annual champions league. at the super league organizers include heavyweights rail madrid barcelona liverpool and you ventus they say the new league will secure them critical revenue that's disappeared during an industry battering pandemic but the breakaway group faces opposition from domestic leagues fan groups and champions league organizers wave. here's a look at the money potentially in play the league itself would be backed by about 5000000000 euros in debt raised by u.s. investment bank j.p. morgan organizers estimate revenue over 10000000000 euros annually significantly higher than current european tournaments the super league is also promising a massive upfront cash injection for clubs to build up infrastructure investment a whopping 3500000000 euros. now for more on this i'm joined

visit letsmakeaplan.org to find your cfp® professional. ♪♪ >>> shanghai auto show shaping up to be and for automakers looking to be the next big ev come petitor to tesa we have eunice yoon with us. hi, eunice >> reporter: joe, many companies unveiling ev gm and cadillac. it made the debut with the ev lyric. ford featured its mustang mach-e the chinese version. it will make the chinese version in china for the chinese market. this is what the company said. >> ford has been around for 118 years. the industry is going through a pivot. we feel that we are going to be as relevant in the future as we have been in the past. >> reporter: the chinese ev market as you know has been growing very fast. it has been powered mainly by chinese carmakers as well as chinese start ups following the beijing policies tesla is a dominant player here. outside of tesla, the foreign players have been hesitant to jump in on ev because it is not convinced that beijing electric drive would be met with consumer demand now, beijing is pushing more policies and measures and also the market has become much more mat

. >> the shanghai auto show is underway aiming to showcase the newest car innovations in the world's vehicle market. major themes were electric cars and intelligent driving technology. an automaker predicts rapid expansion in 2023. >> we broke our sales record in the third quarter, typically the quietest season. i believe we will keep the momentum. especially as we start taking orders in the second quarter. >> the cohead of credit suisse's prime brokerage business are leaving the bank in the wake of a $4.7 billion loss from the implosion of archegos capital management. they will help through mid-may on an orderly transition. the french government has strengthened its grip over -- it has increased its stake to more than three times that of the netherlands. politically sensitive equilibrium has lasted two years. before, france and the netherlands aren't about 14% -- owned about 14%. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. annmarie: just ahead, india has the world

the shanghai auto show opens it's doors.

china has reportedly ordered tesla to hand over driving data to a customer who protested at the shanghai auto showmedia says tesla is being forced to provide data about an accident that the car owner blamed on a break failure after initially refusing to give out the information. the owner's angry protest went viral on chinese social media, drawing attention to wider complaints about tesla's car quality. rishaad: let's get to what is going on in japan. some movers for the companies making waves on equities. this is all news-driven. the likes of toshiba with bain capital exploring eight bid to -- a bid to acquire the company. including the likes of other b anks to secure funding for a potential bit. all of that coming from reuters. sony at the moment reaching an agreement with walt disney to stream films from rival there after they run on netflix. following the most since august. nintendo nearly doubling the amount of damages it is seeking in an ongoing lawsuit with the game developer. 9.7 billion. this is a chip equipment maker. shares of all these semiconductor equipment maker's have been gaining

let's get to china where the shanghai auto show is kicking off. electric auto vehicles and intelligent driving tech in the forefront. toyota is among the automakers pushing ahead and ev space unveiling in all electric suv concept car. you can see it here -- it is gorgeous. we are joined by bob carter, executive vice president of toyota motor in north america. what's the likelihood of it making into reduction? bob: it is a concept today, but later this year, we will be showing it in a production form and it will be one of two vehicles we will have in the market in 2022. matt: what is setting toyota electric vehicles apart from a slew of electric vehicles coming on the market this year and next? bob: we have had 20 years of electrified sales. everyone knows about the prius. we started selling that in 1997 and a build up through a number of hybrid vehicles, plug-in hybrids, we have a fuel cell on the market, so overall, we have sold more electrified vehicles as a brand and all other makes combined. we are now with the step of the bz subbrand, we are

and we show you the weird and the wonderful wheels at the shanghai auto show which opens its doors to

he spoke to tom mackenzie at the shanghai auto show. >> i think that ev market this year, especially smart ev's will see huge growth. i believe the smart ev sector will pose double-digit growth. and i expect to see the high-end smart ev's to grow significantly , and that's what we are working towards. tom: you have had record fourth-quarter sales -- first-quarter sales. do you see that momentum continuing through the rest of the year? he: we broke our sales record in the first quarter. i believe we will keep the momentum for the rest of the year, especially as we start taking orders for our p5 model and the second quarter. we plan to release the model and the fourth quarter, and start delivering in the fourth quarter. we believe that p5 will help significantly raise our sales volume. tom: you have not announced the pricing for the p5, what does that tell us about the complexity of pricing the models now in an increasingly, somewhat say saturated market. he: i expect explosive sales growth for the p5. today in china, many automakers are setting a high-end price for the first product.

thank you to china now and it's the only car show taking place during the pandemic auto shanghai got underway on monday with electric cars once again taking the spotlight several comic as are showcasing new e.v.a.'s with the hope of getting a piece of the world's largest comets. the shanghai auto show comes off the back of a record quarter for carmakers sales in china jumped in the 1st 3 months of 2021 its customers rush to purchase cars. carmakers like folx bargain are unveiling new electric field goals which they hope could help them overtake tesla in this market this is the example of flagship as you see the big brother to the id for that's why it's called id 6 it's a commons with $6.00 and $7.00 seats it has an awesome reach of over 580 kilometers per relaxed travel especially now that family sizes are growing in china after the end of the one child policy we are increasingly seeing an awful large vehicles. eyes are on fold smog and in china right now but not just because of its vehicles critics point to its operations in the northwestern province of cian young the region has com

suv will make the debut at the shanghai auto show which kicks off today.he vehicle is part of full electric vehicles under toyota's beyond zero brand. >>> apparently denim is making a come back. tell me all about this. >> don't call it a come back. as more americans emerge from their stay at home sweat pants sales of denim are on the rise. levi projects up to 25% of the wardrobe staple for first half of this year. denim makers say looser fitting styles like relaxed and wide legs are gaining steam. >> oh thank goodness. my boyfriend jeans, the baggier jeans, they fit like skinny jeans right now. >> exactly. >> the pounds of the pandemic problem this year, good thing that the denim makers are getting it and making adjustments. people are gradually getting to office wear. sweats, jeans, maybe regular clothes next. maybe. >> maybe. we're wearing regular clothes but it's all good. thanks so much. we'll see you again at 6:30. >> i am trying to picture myself in high waist jeans. >> you would look good. >>> still to come, fighting fire with fire. how one of the l

thank you to china now and it's the only car show taking place during the pandemic auto shanghai got underway on monday with electric cars once again taking the spotlight several comic as are showcasing new e.v.a.'s with the hope of getting a piece of the world's largest cama it's. the shanghai auto show comes off the back of a record quarter for carmakers sales in china jumped in the 1st 3 months of 2021 its customers rush to purchase cars. carmakers like folx bargain are unveiling new electric field goals which they hope could help them overtake tesla in this market this ship as you see the big brother to the id for that's why it's called id 6 it's commons with $6.00 and $7.00 seats it has an awesome reach of over 580 kilometers per x. travel especially now that family sizes are growing in china after the end of the one child policy we are increasingly seeing an awful large vehicles. eyes are on full smog and in china right now but not just because of its vehicles critics point to its operations in the northwestern province of young the region has come under widespread internationa

she jumpsed on top of a tesla at the shanghai auto show and that sort of wrestled out an apology from tesla and they setup a customer service line, not to mention this houston accident. we still haven't figured out exactly what happened there, but two people were killed when the car hit a tree, apparently nobody was in the driver seat, at least that's what's been reported. how crucial will it be for elon musk to discuss those issues on the conference call tonight? >> i'm not sure it's super important, around the crash of texas, sadly given the tragic loss of life there, but i do think the customer service issue in china and the issues for the company there, i think it's important for them to nip that in the bud. it's an important market for them. they've gotten a lot of support from the chinese government in terms of being a holy owned entity in china and their manufacturing there. i do see them leveraging some of the potential of moving into india, as an important bargain ing chip for them with the chinese government but it's important for them to serve those customers well and i thi

answer her complaints about malfunctioning brakes literally jumped on top of a tesla at the shanghai auto show this right now. yeah. she had a problem with her brakes. she kept calling, apparently. nobody's answering. so her display caught so much attention, heck, we're talking about it now, that it set off a social immediate ea ya firestorm and grabbed the attention of state media and chinese regulators leading to tesla's apology. and as we said, has promised to create a consumer complaint line. tesla shares up nearly 3% right now. hmm. that's one way to get attention. lidar giant with luminar hitting the gas at this hour, up 14.6% after mapping some new executive team from elon's empire and also intel. it stands at $18.81. best day in more than a month. >>> we need to get to this breaking news out of capitol hill where at this hour league eagles -- legal eagles from apple and google are getting complaints about their app store policies and dominance. right now this woman here is general counselor of tile. ironically, apple just came out with a competitor, air tag, to the tile find my device,

the shanghai auto show comes off the back of a record quarter for carmakers sales in china jumped inthe 1st 3 months of 2021 its customers rush to purchase cars. carmakers like full bargain are unveiling new electric field goals which they hope could help them overtake tesla in this market . as you see the big brother to the id for that's why it's called id fix cummins with 6 and 7 seats it has an awesome reach of over 580 kilometers travel especially now that family sizes are growing in china after the end of the one child policy we are increasingly seeing an awful large vehicles. eyes are on full smog and in china right now but not just because of its vehicles critics point to its operations in the northwestern province of young the region has come under widespread international criticism due to allegations of forced labor of the ethnic we go population hold smog and denies any involvement in human rights violations americans we have clearly defined or cold of conduct which we also rolling out in china so ready agreed with our joint venture partners we also have appropriate rules f

also try to increase competition to tesla so no doubt the heat is on so public protest at the shanghai auto show another fiery crash and reports that tell us all the pilot can be tricked into driving with no one at the wheel it's been rather bad news lately for tesla will that have an impact well so far there tesla fen basically is seems to be quite forgiving and if you just look at the stock price the stock is actually even trading higher today than it was sobre when we got news of this crash in texas for instance among the other side the stock price is down about 15 percent from its all time high so that you can see that there is a bit of hesitation at least i'm on wall street but all this negative press to that test has gotten into pos couple of weeks and months as a not target business very hard to at least up to this point. reporting in 7 straight profit. or thank you it's. now let's take a look at some of the other business stories making news german tech and media associations are filed an anti trust suit against apple over its new iphone privacy settings these require app makers to tell

also try to increase competition to tesla so no doubt the heat is on so public protests at the shanghai auto show another fiery crash and reports that tell us all the pilot can be tricked into driving with no one at the wheel it's been rather bad news lately for tesla will that have an impact well so far there at tesla fen basically is seems to be quite forgiving and if you just look at the stock price the stock is actually even training bit higher today than it was when we got the news from this crash in texas for instance among the other side the stock price is down about 15 percent from its all time high so that you can see that there is a bit of hesitation at least i'm on wall street but all this negative press to that test that has gotten into parts couple of weeks and months has a not turned business very hard at least up to this point. reporting in 7 straight profit. thank you. now let's take a look at some of the other business stories making news german tech and media associations have filed an anti trust suit against apple over its new i phone privacy settings these require app makers t

the shanghai auto show comes off the back of a record quarter for carmakers sales in china jumped in the 1st 3 months of 2021 its customers rush to purchase cars. carmakers like full bargain are unveiling new electric field goals which they hope could help them overtake tesla in this market . as you see the big brother to the id for that's why it's called id fix it comes with $6.00 and $7.00 seats it has an awesome reach of over 580 kilometers travel especially now that family sizes are growing in china after the end of the one child policy we're increasingly seeing and full large vehicles. eyes are on full smog and in china right now but not just because of its vehicles critics point to its operations in the northwestern province of young the region has come under widespread international criticism due to allegations of forced labor of the ethnic we go population called smog and denies any involvement in human rights violations . we have clearly defined or cold of conduct which we are also rolling out in china so ready agreed with our joint venture partners we also have appropriate

laura: the shanghai auto show is underway to showcase the newest car innovations in the world's biggestehicle market. electric criers and intelligent -- electric cars and intelligent driving technology. rapid expansion in 2023. >> we broke our sales record in the first quarter, which is typically quite a season. i believe we will keep the momentum for the rest of the year especially as we take orders for our p5 model and the second quarter. laura: the french government has tightened its grip over air france klm. france's new dominance upset a politically equilibrium. both france and the netherlands owned about 14%. that is the bloomberg business flash. anna: turning to a different story, uae in discussions over a $7 billion financing package and plans for a new breakaway division amid plans by some of football's biggest clubs which threatened to shake the foundations. joining us now is malcolm clarke , chairman, football supporters association. good to have you on the program. i look forward to getting your thoughts. you are against any breakaway league, setting up a super league. have

we will also be given you big interviews out of the shanghai auto show.. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid presentation furnished by rare -- brought to you by rare collectibles tv. >> in 1790 two, as a young countryative stages, the united states need to assert its power as a new global power to the leading countries around the world. as a way to firmly declare to the world that the united states of america was now

let's stay with climate change — because it's very much the focus at the auto shanghai motor show.e shift to electric vehicles. robin brant caught up with the boss of electric car—maker nio and asked him how us—china tensions are affecting his business. translation: this won'tjust be sold by one country. we hope to solve it with —— with our customers around the world. it is very hard to achieve mutual understanding. we need better trust in each other. translation: i think tesla benefits most stop the regulations don't specifically apply— regulations don't specifically apply to one one company or there — apply to one one company or there is— apply to one one company or there is huge investment in this— there is huge investment in this list— there is huge investment in this list of those not just one company but the entire society has to— company but the entire society has to work towards this, and notjust— has to work towards this, and notjust china. every has to work towards this, and not just china. every country in this— not just china. every country in this world should do this.