shery: i am shery ahn in hong kong.ing markets rounded deepening that turkish lira lossd it biggest five-day since the global financial crisis and mexico's pay so has fallen to a record low -- peso has fallen to a record low. we go to the president and foreign exchange at they global market. not surprising the peso given the donald trump stance. do you think the moves have been overdone? >> no, not at all. we believe it is just the beginning to be honest because emerging market currency will weaken further as we get this shift from, the shift of money from the rest of the world to the u.s. and insisting emerging market currency is making significant underperformance. that trend will continue. the turkish lira has fallen 3%, down 10% on the year. the central bank is quite concerned and reluctant to raise interest rates. this is in a climate when the forex reserves have been depleted. and it is no surprise it is the worst performing currency. if the u.s. strengthens further, then the emerging-market currencies like the le

shery: i'm shery ahn in hong kong.e have seen the dollar was just dragged down by those fed minutes. that is affecting currencies across asia. let's get a check of how markets are shaping up. i think it really highlights how quickly markets can change. thatrt of reminds you happened a few days back. when you did not have a big dollar move overnight, that quickly was reversed. we are seeing a lot of dollar strength coming through -- dollar weakness, rather. a big spike here. we're still trying to understand what is happening. a few days ago, the liquidity disappeared after a certain point. 104.80 on tng at euro to dollar. of i'm guessing about 65th on the euro. this is your level at the moment. session atout the 117.25. a lot of dollar selling came through and we are currently at these yelp -- at these levels now. the yen is currently stronger by about half of 1%. this basically takes that to levels -- let's take a longer-term look at this. ,uickly checking into markets we are still seeing some gains in australia. you i

shery: i am shery and in hong kong.us is paul griffiths, ceo of dubai airports, a gain of 7.2% from last year with 83.6 million travelers through the airport, solid growth, but those gains still slowing a little bit. why is that? and what we you do to accelerate growth? >> well actually the growth is very significant compared to other airports around the world, about three times the average rate of growth for our competitors, so the growth actually is still very significant. we recorded 7.7 million passengers in december, and ask 2016,airing the course of passenger numbers reached over the 7 million mark, which is a high water mark for us. another significant part is capacity restrictions and slot constraints, but we are now 224 people per every flight, which is by far a world record come up from 209 during 2016, so we are using that capacity more effectively and efficiently at the same time. yousef: i put this all in context. our viewers and clients can pull this up on their bloomberg, #btv 566 seven. those of the pass

shery: i am shery and in hong kong.outh korean media outlets are reporting prosecutors will seek an arrest warrant for samsung vice-chairman jay y. lee . for more, here is sophie kamaruddin. what are they saying? whate: they are looking at could be the allegations in the arrest warrant. there is a likely decision by 1:30 p.m. hong kong time. prosecutors may seek an arrest warrant for bribery, her jury, and embezzlement. mention of have made these charges in previous statements. we were expecting that decision over the weekend, but on sunday, a spokesperson said it would be delayed. the economic impact of such a high profile arrest is being taken into account. prosecutors have been interviewing all materials gathered over the course of the investigation, and they are studying legal principles for the case. said that biggest concern is not whether they will but theee, ramifications for the president park geun-hye scandal. shery: the prosecutors are seeking to arrest that arrest warrant. sophie: this is the latest update.

shery: i'm shery ahn in hong kong. no plans take a stake in lufthansa, although they are exploring further cooperation. the ceo rejected the newspaper claims of a tie up, but said --y are discussing decanting deepening their cochair deal. their shares jumped after they said etihad could buy as 40%. australia has plans to invest in iran. the ceo will now focus on expiration programs in senegal, million -- myanmar, and hong kong. the decision is for capital allocation. iranian oil is one of the nine foreign companies actually in talks with iran. shery: donald trump's pick for you and ambassador says she is in favor of moving the u.s. embassy from tel aviv to jerusalem. the south carolina governor nikki haley declared her support for the move, although it is expected to inflame tensions in the region. a spokesman for the government of jordan recently said such a plan would be a red nine that would inflame the arab world. banks were at the center of the wall street session once again. goldman and citigroup came in with ear

shery: right.ictureeeing some mixed are crossed in asia, japan losing ground on a stronger yen, but other markets seeing some resilience, so let's get the details rom juliette saly -- from juliette saly. >> we are probably likely to see some mixed movement as we await more stimulus plans from president trump. he says markets are waiting for trumpvidence that donald will deliver on fiscal stimulus and deregulation, so markets in a holding pattern. for itsn come on track best close since june 2015, the stronger yen weighing on the nikkei, down by over 1%, but upside in china, the shanghai composite up .3%, flat on the hang seng, australia weaker by .8%. some of the big market movers in the region today, toshiba rising almost 9% on a report that its chip business is drawing interest. , but risinglat after a consortium move to buy part of ping an. look at this big fall in 17%, the ceon saying he is embarrassed over the profit downgrade as he leads the company after seven years at the home. the japanese

shery: thank you.as hadreflation story left with factory gate prices climbing more than forecast. stephen engle's is here with the latest number, so only four new months and more than four years of factory deflation. what is going on? >> it is inflating now on the back of rising commodity prices, yes, industrial capacity has tightened, yes, the weakening hasr has raised --yuan raised the import bill. this is feeding into the factory gate prices in china, rising 5.5% year over year in december. we were expecting 4.6%, bigger than november, 3.3%, the fourth straight month of rising prices at the factory gates after four years of deflation. it is interesting to break it down because producer goods in mining, up 21% in december. raw materials up nine point 8%, manufacturing 5.1%. these were all in deflation a few months ago, now showing close to and in some cases in mining, double-digit gains. purchasing in put prices, up 10% in december, ferrous metals up 14.9%, again,s up three months ago these were all

shery: i am shery ahn in hong kong.ons wants to boost its stake in listed units to protect them from takeovers. cementing control over the companies is said to be one of the incoming chairman's main priorities. natarajan chandrasekharan takes over next month after heading tata consultancy since 2009. the former chairman was ousted in a boardroom coup. yousef: we will be watching reliance when trading kicks off in mumbai after earnings beat estimates. third quarter profits, a nine-year high, jumping 10% to one point $2 billion thanks to higher petrochemical earnings and investment games. this comes as the country's richest man invest billions in 4g mobile services and retail. malaysia airlines ceo says he sees an opportunity to break even in the fourth quarter this year. speaking exclusively to bloomberg, he says the worst is behind the airline and expects to post profit next year. key rolexplained the he sees china playing in the carrier's business plan. >> for us, there is massive opportunity in china. the government h

shery ahn: thank you so much for that from new york.e and donald trump and carmakers coming up, a ceo says while the president talks everybody listens, the interview with the ceo of ces. this is bloomberg ♪. betty: i thomas driving technology one of the hot topics at the consumer electronics show in las vegas. carlos about that and the implications of what we just talked about, the donald trump presidency. >> this technology is fundamental for the future, a a lot of expectations from consumers about autonomous drives. , therepeating, it is driver is in the car and he decides what he wants to drive or not. a lot of expectations because it makes driving safer and more pleasant. it allows many drivers to do something else, they can have a videoconference or doing something else. it makes the drive more present -- pleasant and productive. we think there is appetite from consumers and we ma a test this year on a minivan in japan, a single lane highway autonomous drive. a limited autonomous drive. we had more than 60% stake on this option whi

shery: thank you.gional benchmark is continuing to fall for a third session, but individual markets trading all over the place. korea, let's get david ingles to break this down for us. david, what is going on? david: right. to your point, it is not consistent. it is one of those days where you take the eco-data and throw it out the window. there is a risk to smaller markets, southeast asia index there, .1%. south korea lifted by samsung. australia,ets like the biggest the klein in about five weeks, basically erasing its 2017 gains yesterday, falling below 5700, the laggard today. -- wepanese yen strong will get you that in a moment, but weighing on the nikkei 225. we look across the currency markets, dollar-yen, 113, so hovering around these levels. it is range found today. it started to pick up slightly, but it speaks volumes when the vietnamese dong this one of the stronger currencies today. we are moving into the middle of the trading session and asia, the lira weakening. we see a lot of weakness in

shery: i'm shery ahn in hong kong. year, with pretax profit expecting to hit $110 million. it sees revenue climbing about 10% to $3.3 billion, held by passenger traffic, which road 19% to 21 million seats sold. view not met -- vietnam airlines has more than one million shares on the market today. a private survey indicates indian manufacturing has shrunk as the government's withdrawal of high denomination rupee bills hit demand. the nikkei purchasing managers index was at 49.6. the slowdowns could strip india of its position as one of the fastest-growing big economies and threaten a backlash against the prime minister. >> brazil has posted its biggest ever annual trade surplus. the surplus rose to $47.7 billion last year. more than twice as much as 2015. imports fell 20% from the previous period while exports declined 3%. brazil's trade balance jumped as and among aoyment prolonged economic downturn. still a lot of markets close in asia for the new year. the green.s in let's take a look at how the markets are shaping u

shery: right. we see the regional benchmark index in asia regaining some ground after losses earlier in the session. let's get the latest from the markets with julia. :ulio: there is still -- julia there is still some trepidation ahead of trump's inauguration. you see a rebound coming through on the dollar. you see the safe haven play being sold off a little. gold falling for the first time sessions. we are seeing some flat movement coming through on the nikkei. it has been in the red for much of the session. a little bit of conviction coming through in afternoon trade. here in hong kong, these are the stocks to watch. the hang seng is at its highest level since the start of november. one of the strongest performers up over 1%. only two stocks out of the 50 in the index in the red today. there has been a lot of speculation about state intervention. speaking atdent xi davos. we have seen chinese home prices rise in fewer cities. the fewest since january last year. you see the property curb play in a

i am shery ahn.arkets: asia". ♪ strength, 2017's first snapshot of the chinese economy offers the highest reading on record. thanpore expanded more expected in the fourth quarter, although still showing the slowest pace in asia. oil strengthens has global supply curbs come into effect, however, there is fear that not all producers will comply. china-taiwan tensions rise amid charges of coercive and divisive tactics. day fore first trading many markets across asia, but not japan still celebrating the new year. the asian benchmark gaining for a sixth consecutive session, up .4%. let's get a look at the markets with david. david: a good start to the year. contrast from the 2016 version of events, but that said, we will take it any way it comes. volumes are light. have a look at the commodities space. crude oil $54, highest level going back to 2015, brent pushing above $57. markets got a further boost when the data came out of china. have a look at commodity prices over the last 12 months or so. contract

shery: i am shery and in hong kong. -- shery ahn in hong kong. have chain staffing as they understand this applies to fly cruise as well. crews as well. oil under pressure this morning for a second day as drilling in the u.s. rose to its highest level in the year, countering opec's efforts to limit supply. saudi arabia says 80% of cuts have been implemented, but the isernational energy agency seeing an increase in american shell output. surging in mumbai after a merger tofirms create india's largest carrier. the parent company would have equal rights with vodafone, which wants to reduce its exposure by spinning off a business. goldman sachs says it is likely to face regulatory hurdles and the new entity would have more than 50% of the market. hasef: dubai investments reported a 10% profit boost for 2016. with a market cap of $2.3 billion, the third biggest listed on the dubai stock exchange. joining us now is the ceo of dubai investments, khalid jassim mohammad. a good to have you. the challenges are intact. health check on ofai's economy, on the

i am shery and in hong kong.elcome to "bloomberg markets: middle east". a lot to watch out for, including oil snapping a three-day rally, but also movement in the metals space. is growing concern about valuations when it comes to u.s. equities and other markets around the world. let me show you what is wait to the we at confirmation hearings. that blue run like there is used in catalytic converters to curb emissions. up 60%, the stronger dollar putting downward pressure on the metals and commodities complex, but the story of palladium is a story of stabilizing u.s. auto sales of the growing cars in china. what did you looking at? shery: pretty interesting to see those moves and metals. in thet see a correction equities rally, so where will the money go. let's get a quick check of the a mixed play, a bit of picture across asia, lacking clear direction with the hang seng unchanged right now after three consecutive gains, and staying at the highest level in a month. shanghai composite up .6%, a lot of focus is on wh

shery: it t

i'm shery ahn in hong kong.sla is lower in extended trading after a fourth-quarter delivery fell short of estimates. it sold about 22,000 200 vehicles through december, totaling just over 76,000 for the whole year. tesla had been aiming for at least 80,000. it has been trying to maintain sudan.f the model china's third biggest search engine is planning a u.s. ipo of $5 billion to change baidu in the mobile market. to ceo says the company aims offer about 10% of its shares later this year. baidu had about 45% of mobile the thirduiries in quarter of 2016. ma --ba backed shen the latest smartphonin north america and europe. the sports dual cameras, if i 5.5 inch screen. it is broadening its horizon. it was established as a sub brand to compete with low-cost rivals in china. 5x.xpands with the poised tooss asia are rise after economic data view of confidence in the u.s. economy. our next guest is bullish on equities. let us bring in north at simmons, vice president of ethics sales jpmorgan. she joins us. great to ha

i am shery ahn. conference today, hearing from some big names. , ubs exclusive interview group chairman axel weber assesses situation. >> the u.s.-china relationship will go through discussions that past.en longer than in ultimately, since china has opened up its current account, there is much less the central bank is doing in order to drive the exchange rate. the exchange rate actually is driven by the market now, and continues to be more driven by the market, and that was the key. shery: the director of china's fanomic research institute ga saysn he'sg not worried about chinese corporate debt. >> it is manageable. the whole financial system is working on that. reducing the leverage, it takes some time. it is still manageable. shery: ubs chief global says concernseyn remain over china's credit build up. it is a concern on a five year basis, not so concerning on a one year basis, so it is difficult to see the trigger on the liability side of the balance sheet will force them to recognize the loans si

shery: it is not just about them. there is growing concern from countries that were exempted from the deal, how will they affect prices? we don't believe the market is going to be balanced by this curve. our analysts are forecasting the market will be oversupplied by 400,000 barrels per day. they are not rebalancing the market. they are making it more balance but not rebalancing it. those exemptions are key to this. if you exit countries like iran and libya and nigeria have the potential to push the supply up that is going to negate a lot of the cut. this is going to keep a cap on the prices. i don't think the strategy was to lift the prices up. i think what they were trying to do was protect on the downside. that is what they have done. we have had absolute price collapses. that is not taking place this year. i think they have done what they wanted to do to protect the markets on the downside. shery: i can't help but wonder if we are focusing too much on the supply side. how about the demand side. ,f we see higher cr

shery: and me was the asia's original benchmark gaining ground.loomberg. ♪ >> it is 1:00 p.m. in hong kong. donald trump may push ahead today with his promise to build a wall on the mexican border. "the new york times" says he plans to sign an executive order to direct federal funds you'd -- funds. he also has revived controversial oil pipelines you'd toshiba has more mishandled data at a hydroelectric dam project. shares are down 2.8%. --y also conforms -- confirm in february.

risk rising.exit shery ahn standing by with the first word news. shery ahn, good day. shery: donald trump has called nato obsolete and predicted that other european members would follow the u.k. in leaving the block. in a joint interview with the times, he threatened to bmw with import duties over plans in mexico. drum signaled a major shift in transatlantic relations including an interest in lifting u.s. sanctions on russia as part of a nuclear weapons reduction deal. the global elite are preparing to gather in davos this week. ahead of the event getting underway tomorrow, the world economic forum's founder told bloomberg that he may invite trump in the future. >> i saw him, but it would have to be completely illusory. i am not a dreamer to ask him to join us now. maybe in one of the next years. vietnam's-- shery: prime minister is holding out hope donald trump will reconsider his position on the transpacific partnership deal. he said he would withdraw from the trade pact once he takes office. comment from officials said to make up trump's cabinet have given the leade

in this case, i felt if i didn't pick it up, it would get lost in the jungle. >> reporter: sheri was more than happy to buy back her priceless instruments. >> i think $100 is very reasonable. >> reporter: a small price, she says, and a very valuable lesson. in san francisco, jonathan bloom, abc7 news. >>> this morning, we are watching some trouble already on the roads. this is an issue that has been backing up for a little while. >> yeah. it's been here since 6:00 last night, reggie. they still are trying to clear all the lanes on westbound 580 in dublin. this is a live look from the scene. we have elissa harrington out there. we'll check in with her at 5:00 this morning. the two right lanes are open. the four left lanes are still blocked. they were hoping to have them open at 4:00, then 4:30, now they're saying 5:00. you get the idea. in the meantime, that backup continues to grow. westbound 580, tracy to dublin, you are up to 50 minutes. southbound 680 okay once you make it into dub lib. and northbound 85 you're in the green at just 16 minutes. we have a collision reported in lane

this is bloomberg. ♪ shery: welcome back. this is "bloomberg markets: asia." i am shery ahn.r oil producers have already cut supply by 1.5 million barrels a anyway first, more than 80% of their collective target under last year's deal to stabilize prices. it is one of the best agreements producers have had. a meeting in vn at agreed on monitoring to ensure 100% compliance. wechat the most popular app, 80% of the population. showed the bigy three internet companies dominating the market. tencent app another was the second most widely used. alibaba third, and baidu's mobile app. split top the north american box office, raking in $40 million over the weekend. the movie was directed and stars with 24 different personalities who kidnaps three girls. sequel came in second with about $20 million. welcome back. joining me is a portfolio manager and my other guests. thank you for coming in here. we have two special guest. let's talk about tromp, china, trade protectionism -- tromp, china, trade or texan is in. as one of your key risks for 2017. ump you gauge where tr stands now with t

shery: what about the broader picture?g of with the emerging-market investors. that is not the case anymore. positioning is not as terrible as you might have expected. i was looking at a goldman's survey of actively managed lines that came out yesterday. fundsere saying those have a modest overweight position on turkish assets. goldman itself is pessimistic on turkey. in fact there called seems to be borne out in yesterday's market move when the lira fell to a market low. fund managers are not the only ones smarting from the moves in turkish assets. we've also seen economists caught out. but one of 44 analysts were on board. lots of people are having a painful time with turkey at the moment. >> china's primary concern is not growth or the chinese yuan. hear what they are worried about next. this is bloomberg. ♪ >> welcome back to the best of bloomberg markets middle east. china's foreign reserves fell to a five-year low, just over $3 trillion in december. what were they doing to let its funds stabilize the one. .- the yuan

shery: it is what rpm here in hong kong. i'm shery ahn with a hot dust of the update. remains untainted on this thursday. it is expected to plunge as say thel backers structuring must outweigh wise -- buys. toshiba fell as much as 26%, the most important case -- the most in four decades. it could come to more than $6 billion in losses. is not enough evidence to arrest syndrome ceo. he is a -- accused of perjury and bribery and paying millions in return for influence. the investigation will continue. global news 24 hours they powered by more than 2600 journalists and analysts in more than 120 countries, you are watching bloomberg. let's get a check of the markets. after trading just getting underway in hong kong. composite remains unchanged. tokyo think this. this is bloomberg. ♪ caroline: this is bloomberg technology. netflix's "crown jewels" beat estimates again. new customers flock to see original content. plus salesforce ceo marc benioff joins us taking down rising competition in the cloud. and why a judge decided not to arrest samsung's heir apparent. what is next

shery: live from london at the top of the hour.omberg. ♪ caroline: this "is bloomberg technology." i am caroline hyde. back to the top story. president trump's agenda. event with businesscaroline: thg technology." i am caroline hyde. back to the top story. leaders showing that job creation is a top priority. tech companies around the world companies are eager to align with the administration. foxconn and ibm. foxconn may build a u.s. of $7y for upwards billion. it could create tens of thousands of jobs. then, ibm. it pledged to hire 25,000. they are cutting jobs. it pledged to hire 25,000.back t david kirkpatrick. fly joining us is our gad columnist and with me on set is editor at large is cory johnson. let's go to ibm first. being accused of hypocrisy here. ts are notrnative fac limited to the white house press meeting, apparently. president trump talking about adding jobs, by the same time, the company has been cutting jobs, and cutting them aggressively. if you look at the number of employees for the company, it looks really goo

shery: we do have the upcoming iranian elections in may.tical scene there? >> there is a likelihood this may give the moderates a bit of a bump. but looking down the horizon, it is going to be tough for them to be able to continue to push the envelope and challenge the restrictions that the system without having someone like rafsanjani in the background that can give them both alibi and protection. yousef: that is it for this "best of bloomberg markets: middle east." we have got a busy week ahead in the region, following the result of today's opec meeting, plus building up to the big event. president-elect donald trump inauguration on friday. keep it right here for the start of the trading week in the gulf on sunday morning at 8 a.m. on bloomberg television. do join me then. his is >> coming up on bloomberg best, the stories that shape the week in business around the world. trump transition rolls on as he president-elect meets the press, and hearings heat up on capitol hill. place is n put into basically trust donald. >> he's not moving whe

i am shery ahn. this is bloomberg. let us find out how the comets by steve minutia and are playing out in the fx markets and across the asian session as a whole. juliette saly has the details. juliette: we started the day with not a lot of conviction but things are looking brighter at the end of the day. some great games coming through in the australian market, higher by 0.7% at the close but we did see weakness coming through from the nikkei. not too much movement with the yen against the dollar. but this really is a story about the dollar index being down for a fourth consecutive session. weakness still coming through in that currency living support to the export stocks in japan. pretty good gains being seen in china. still one hour of trade there in the shanghai composite. up 0.2%. liquidity squeeze. ahead of the china lunar new year holiday. that is having an impact in shenzhen as well. a lot of energy players today. elsewhere, you are seeing the dollar weakness lift the emerging-market currencies and assets so eme

shery: a move could hit the agricultural sector with a tubulin dollar fall in annual sales. meanwhile the u.s. is said to be prepared to i'll a complaint with the wto alleging chinese subsidies are suppressing global prices of the metal. volkswagen has taken a major step toward resolving the initial scandal and has pleaded guilty in the u.s. and agreed to pay 4.3 million dollars in penalties. at the same time, prosecutors are charging five executives in germany. admitting using false statements to import cars into america and obstructing injuries when authorities were suspicious of the emission levels from diesel engines. clear, volkswagen new of these problems and the regulators expressed concern, volkswagen up is gated, and they ultimately lied. shery: south korean officials have been questioning samsung electronics vice-chairman as a suspect in a bribery investigation. while the de facto head of the samsung group was why of expected be called in for questioning, the fact that he was identified as a suspect was a surprise. prosecutors want to know whether samsung and other

shery: the conversation on china and the chinese yuan at new lows.oes that mean is the currency depreciates? we talked to a bearish analyst on the currency. issuance in the market could be rising by 50% this year. we are counting down to the open in india, as we see indians depositing bills outlawed last year for prime minister narendra modi, all of that coming up on "bloomberg markets: asia". join me then. ♪ announcer: from our studios in new york city, this is "charlie rose." charlie: ian bremmer is here, the president of the consulting firm, eurasia group. every year, they publish a list of top global risks. they published a list, 2017, the geopolitical recession. welcome back. i don't know if it's going to be a happy new year or not. what do you think? you talk of a global recession

i am shery ahn with the update on the hot stories. donald trump took to twitter to denounce the report that russian intelligence has potentially damaging information on him, calling it take news. he is said to have been briefed by officials as an update on moscow's allegedly attempts to influence the election. president obama made an emotional farewell, saying america is better now than when he took off his eight years ago. obama warned against personal attacks and social media bubbles , but mentioned his successor only once. taiwan says the flagship of the chinese navy sailed through the navy's best the islands air into -- the island's air zone. the carrier has been carrying out combat drills in the south china sea since last week. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. let's get a check of the markets. another day of gains for markets in asia. afternoon trading getting underway. han signed index at the highest level in more than two months. shangh

shery: yahoo! has announced sweeping management changes.nt and ceo melissa meyer and five others will leave the board which will be reduced to five members. the new operation will be called shares rose slightly after hours. global news 20 hours a day powered i more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. let's get a check in now the markets have been trading in the asia-pacific. >>this is bloomberg. most asian markets tracking higher. the regional index to a level we have not been since the beginning of november. hong kong doing a lot of the heavy lifting today. energy players coming under pressure with the big slump in the crude oil prices. you are seeing some of them come back. 2%.ghai energy up by retail stocks looking good in hong kong. the ppi data coming out of shanghai. it is down 2/10 of 1% in late trade. we are seeing the stronger yen impacting late trade down 7/10 of 1% today. australia has closed the session the work by 8/10 of 1% due to weakness from its energy players. it is the first a

shery: good morning, thank you.sident trump has fired the acting attorney general after she said she wouldn't defend the controversial travel ban. she was ousted hours after saying his directive was inconsistent with the agency's obligation to seek justice.the white house says she betrayed the department of justice for refusing to enforce a legal order designed to protect u.s. citizens. mr. trump stepped up his criticism of financial regulations, pledging to post crisis banking rules at an event with small business leaders. he said "we will be doing a big callingn dodd-frank," the legislation a disaster. the president's comments came as he signed an executive order requiring government agencies revoke two existing regulations for each new one they issue. the bank of japan keeps stimulus unchanged in its inflation forecast. the central bank is waiting to see the impact of the recent decline in the yen and trump's. policies. the boj will continue to buy bonds at the same pace, leaving two key policy rates unchanged, f

shery:. update of the top stories. chinese stocks have fallen for six days with the shanghai composite with its longest losing streak since december 2013. tremors in the nation's financial markets, spurring selling. brokerage and real estate firms have led decline. theresa may says they will step out of the eu market. the british prime minister will say she has no interest in the approach.alf-out sources say they want to boost their statke, cementing control over tata's listed companies which is said to be the main chairman'schairman's priorities. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. you are watching bloomberg. let's get a check of the market. afternoon trading gets underway in hong kong. highs losing ground, the regional benchmark with a day of losses. ♪ caroline: i am caroline hyde. this is the "best of bloomberg technology". we bring you all of our top interviews. coming up, the president elect meets the press. donald trump faces reports from hacki

sheri, thank you for that. sorry to end on such troubling news. >>> important update, of course. we wl see you toilni >>> on this sunday night, tornado disaster. at least 16 people dead after a weekend of unusually severe weather in the south. the danger not over yet. >>> alternative facts. the words of a top trump aide on "meet the press" causing controversy as the president thanks the fbi director and first responders for their service. >>> controversial move, the president's promise to move the u.s. embassy from israel to jerusalem and the warnings not to do. >>> feeling the heat, renewing concern about climate change and fuelling a hot political debate. >>> and shop talk. they're mechanics and trail blazers making the local garage much more welcoming to

i'm shery ahn with an update of the top stories. south korean prosecutors are seeking to arrest samsung vice-chairman on charges including bribery. they started their briefing on some songs lee. lee is accused of participating in payments the company made to a close friend of the president in exchange for support. they say a hearing is scheduled for wednesday. allegations regarding participation in payments that a close friend of the present in exchange for government support and the company's succession planning. you are looking at live pictures of the special prosecutor's office. we are seeing samsung shares declining for the second consecutive session. as we seeown 2.4% continued pressure on the heaviest stock. let's take a look at the other markets in play in the region. most trading down after three weeks of gain. this is bloomberg. ♪ caroline: i am caroline hyde. this is "the best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, the president elect meets the press. donald t

to explain the steps he took, trump brought to the stage attorney sheri dillon whose lau firm won the 2016 law firm of the year. she said trump is not liquidating his assets because doing so could lead to "unreasonable losses" for trump and this is simply too high a burden. >> the approach we've outlined today will avoid potential conflicts of interest or concerns regarding exploitation of the office of the presidency without imposing unnecessary and unreasonable losses on the president-elect and his family. >> that position prompted this response from the head of the office of government ethics walter schaub. >> the president is now entering a world of public service. he's going to be asking his own appointees to make sacrifices. he's going to be asking our men and women in uniform to risk their lives in conflicts around the world. so, no, i don't think divestiture is too high a price to pay to be the president of the united states of america. >> here are the really important takeaways and what we learned today which is that donald trump will not release his tax returns, he will not

shery in the corner. jack, you know all, the commissioner, senior bachelor analyst.. and greg our senior producer who makes this together into a cohesive show. we don't know how you do it, but thanks, greg. and mark is our floor manager. he tells us where to look, when to be quiet. we listen to him about half the time. >> that's a good average. >> and now i go back to hair and makeup. >> so these are the mad geniuses behind the cool graphics over the years that we've seen. whose face was the easiest and best subject to do all those -- >> those? yours is easy. >> mine is? >> yeah. you just swipe around. >> jason would be easy. >>> and this is the nerve center, where all our material comes in. it gets edited. it gets dished out to the different shows. so it's just going to be a haven of activity right now. [ cricket sound ] >> chris is the dmc manager. you. >> that's true. katie, you're fired. >> what is the dmc? >> it's where just before it comes out, like the intestines. >> ew. so this. take a look, is our control room. a whole lot of monitors. >> sandy has been the

guest: it is extremely shery/nt, . we have 12 free-trade agreements around the world.ach a population of 2.5 billion people as a result. about investing in costa rica. we are a good part of the fortune 500 companies doing so in the services area, and the production of medical devices. from producing things to creating things. this is something that enthusiasts see as a good sign of costa rica's possibilities in the short and midterm. : there are many concerns of mass deportations under the new trump administration. you have your own immigration situation right now with a massive wave of cubans and haitians coming to your borders. will america's moves on this front affect costa rica, not only your country, but also the rest of latin america? we will have to see. i don't want to speculate on the new administration's policy on immigration until it is more specific. obviously, if the u.s. decides to close its borders, absolutely, which is something most countries can't do, even big ones. most states have had a tough immigration policy in the past, and the flows have contin

i am shery ahn with an update of the top stories. donald trump has promised to unify america when he moves into the white house. on the eve of his in a generation, the president-elect said america has voted for change and vowed to carry out his campaign pledges. he said he would secure america's borders and old up the military. china's growth accelerated for the fourth time in two years. gdp increased 6% from a year earlier. year expansion was at its slowest pace since 1990. apple is set to make iphones in india but once help from the government first. it expects financial concessions including a tax policy. aple is keen to capitalize on sales plan in the u.s. and china. global newpowered by more than 2600 journalists in more than 120 countries. you are watching bloomberg. let's get the check of the markets. hong kong is closed for lunch, but here is how they traded. the hang seng index down 0.6%, while shanghai gained 0.5% and chen jen was up more than 1% -- thanhe shezhen was up more 1%. this is bloomberg. ♪ >> welcome to the best

the press conference even had a best supporting actress-- trump's lawyer sheri dillon.nd we know she's extremely qualified because-- and this is true-- her firm was the 2016 winner of the "russia law firm of the year" award. ( audience reacts ) congratulations. the award itself is this lovely trophy on her desk. also, yesterday, confirmation hearings continued for trump's cabinet or "basket of employables." in the hot seat was former exxon c.e.o. and prison guard who didn't see you getting stabbed, rex tillerson. now one of the big knocks on tillerson is how cozy he is with vladimir putin and exxon's willingness to do business with shady governments. >> exxon has a partnership with shell, a company known as infineum, that did a fair number of transactions with iran, bypassing u.s. sanctions. are you familiar with this, the use of this subsidiary to bypass u.s. sanctions and do you think it was the right thing to do? >> i don't recall the incident. i've read about it. but i don't recall it, specifically. >> stephen: really? seems like something a person would remember. "

. ♪ i am shery ahn with an update of the top stories.trump has promised to unify america when he moves into the white house. on the eve of his in a generation, the president-elect said america has voted for change and vowed to carry out his campaign pledges. he said he would secure america's borders and old up the military. china's growth accelerated for the fourth time in two years. gdp increased 6% from a year earlier. year expansion was at its slowest pace si

. >> now, the loudoun county sheri sheriff's office is investigating this incident.ashington posted that letter on facebook. she says she's been flooded with messages of support since then. >>> three prince william county schoolboard members have sent a letter to the u.s. justice department. they claim a new funding deal fosters racial inequality. they say the county's 13th high after schools in the eastern half of the county received more funding. that funding will be shared by several schools while the same amount of money will be spent in the new high school that board members say is being spent in a predominantly white neighborhood. an official says they're in the process of reviewing the letter. >>> road construction could add some time to your commute in fairfax county. crews are going to clear trees on sunrise valley drive. they're building a new entrance to the garage there. that work is expecteded to last four about two years. >>> this morning, alexandria police are looking for whoever smashed 21 car windows. this happened tuesday night inside a parking gara

. ♪ shery: tech out of bankshares surged in tokyo on reports that the company is close to reaching aent with the u.s. justice department. it is believed that the fine could be announced as soon as friday. the automaker may also face criminal charges after devices are linked to at least 17 deaths. nintendo's investors have been turned off by the climb ofan-expected the switch. shares falling at $300 a piece. the consul is more expensive than the playstation 4 and microsoft xbox one. most analysts had expected the price to be around $250. the console will go on sale on the third of march. tata names a new ceo. net income has grown fourfold. down more than 3%. china's push back against hawkish comments made by donald trump against rex tillerson says beijing should be restricted from islands in the south china sea. china's state media says unless washington plans to wage a war, and the other approaches to prevent china's access will be foolish. global news 24 hours a day, powered by journalists and analysts in more than 120 countries. you are watching bloomberg. let's get a check on the

shery: it is 1:00 p.m. in hong kong and i have an update on the top stories. president trump is breaking a campaign promise, the white house saying they have no intention of releasing his tax returns. kellyanne conway told nbc that people just don't care about his tax affairs. however, more than 230,000 people have signed a petition demanding that release. united airlines have lifted a grounding order in the u.s. after problems resulting from computer failure. all planes a serving domestic airports were affected for about two and a half hours. says theing site third-biggest u.s. carrier has 481 delays on sunday. samsung says batteries were to blame for its overheating note 7 fiasco. the company has apologized and promised to tighten battery safety. sam suns biggest business crisis killed off its flagship device with a cost projected to be $6 billion. global news 24 hours a day powered by over 2600 journalists and analysts in over 120 countries. you're watching bloomberg. that's the check of the markets. we are seeing upward pressure for the regional benchmark,

. ♪ shery: i have an update of the top stories. subdued andrts amid sell over 6% in dollar terms.ose more than 3% to reach a 45 really dollar trade surplus. china's custom office has warned the country about potential friction with the u.n.. the pboc is set to stop processing crop order you want payments unless inflows match outflows. they supply both companies and individual transactions. individuals have been boosting transaction, leaving

and with that, i'm going to bring um sheri dillon, and she's going to go -- these papers are just somemany documents that i've signed turning over complete and total control to my sons. >> as to the details of the plan, it includes the president-elect resigning from all positions he holds in the organization. no new foreign deals would be made during his presidency. new domestic deals will be vigorously vetted. jeffrey lord and robert reich, professor of public policy at berkeley. jeffrey, as a trump supporter, the nonpartson office of government ethics said yesterday about the trump plan, called it meaningless from a conflict of president in the past four decades has met and the only thing it has in common with the blind trust is the label trust. >> first of all, this is an unusual situation. he's got this global empire all over the world that bears his name. you can't say to a family, okay, you've got to get out of business while your father goes and is president. they're not working in the government. they work. to somehow suggest the sons get out of the business i think is unrealis