that takes me to the softbank story. they said there were concerns over the debt load of softbank.re this essentially took place. it had downgraded the softbank credit rating two notches as well and we know they are downgrade. these are some of the things we will be tracking as companies come out and give you profit warnings. the next natural step would be to look at whether they can actually afford the debt and what price. softbank is, to others, has massive gold and can liquidate. reports suggesting the pboc may cut by the rate, will it help? >> we know they have not moved on that rate for four or five years. they moved on the deposit and the benchmark lending rate. the pboc might be looking at moving a guy as well and it could come in the next few days. don't be surprised if they don't. but instead of just adding stimulus, it gives incentives to lower their rates. bank margins are just getting squeezed. the rate has actually come down points while the deposit rates have remained the same. it does make economic sense poie deposit and we could see it happen quite soon. >> what are

softbank in look at tokyo, extending losses by nearly 10% here.p since october. trading now it november 2016 lows. cash trading now at november 2016 lows novemberg now at 2016 lows. >> tencent is one of the winners of the coronavirus crisis, picking up millions of new gamers since the coronavirus outbreak. tencent is releasing for your results later on today. joining us out of singapore is the strategy deputy director for the company. had we expect to see the virus -- how do we expect to see the virus play out in these numbers? gaming, thedia, last couple of quarters, the challenge has been to gaming and advertising sector. with more and more people spending more time on home, both these areas have seen a significant increase. in the gaming sector, there has been an increase with big titles. gaming markets are improving. , it you look at other areas is going to be significant. , the digitals spending is a segment where we are seeing more competition. one of the challenges of course is competing against other platforms. we are increasingly seeing m

emily: softbank was a huge investor in wework. hits.nk has been taking york'ss that impact new ability to whether the uncertainty? >> there is growing tension between wework and softbank. they made it clear that they needed money to stay afloat. ,ow that things have gone south softbank is threatening to unravel parts of that deal, in particular a tender offer of $3 billion in which softbank agreed to buy back shares from investors. through, itt go doesn't affect the amount of money directly and doesn't affect how much cash they have -- there is a lot of tension right now between the leadership of softbank and the leadership of wework for what the terms might be of completing this tender offer which many employees have told me they are looking forward to because they feel like it is their last chance to recuperate some of the value of their shares which has gone down drastically. mill -- nework city york city mayor bill de blasio has been giving a press conference. new york's ground zero for coronavirus cares -- cases. bill de blas

softbank also holds a stake in chinese e-commerce alibaba group. they did not say which assets it plans to sell. >>> toyota motor has suspended operations at one of its plants in central japan after two workers tested positive for the coronavirus. toyota says the two faced each other while on the job at one of the two assembly lines at the plant in toyota city. the lines have been idled. the entire factory building has been shut down for three days starting monday for disinfection. the automaker also decided to extend its suspension of operations in north america. all its 14 factories in the united states, canada, and mexico will be idled from monday until april 5th. >>> india used to enjoy annual economic growth of more than 8%, but recently the pace of expansion has fallen to about half of that. now, while the government is counting on foreign direct investment to revive growth, not everyone is on board. prime minister nararendra modi leaning on from abroad. >> come to india. >> reporter: u.s. tech giant amazon.com has answered his call. ceo jeff

a bold move to shore up softbank dealing with the printer virus.h the unveiling a billion-dollar plan to sell of assets to shore up softbank's probably -- crumbling market value. let's talk a little bit more about this with alex webb of bloomberg opinion. statenk has a pretty big arm, what could be on the block? alex: alibaba is the most obvious target. it is worth something like $140 billion. if you compare that to softbank's market cap, this could be something of a discount. the issue is that softbank's enterprise value is seeing considerable amounts of debt. they will sell $40 million worth of assets and that will be used partially for buybacks and partially to reduce that to cap pile -- to reduce that debt pile. vonnie: how much of this is a signal that it might be in trouble, that this is only the beginning? alex: that might be overstating the case. they are coming under a lot of pressure already. elliott took a stake in them. they have been pushing for a big buyback and big changes in corporate governance the size of nowbuyback was $20 billio

shares of softbank were up 12% overnight. where does that leave masa son and his 300-year vision. before the latest events, softbank was having trouble raising money for a second vision fund so he can continue to invest in start-ups >> it's such a unique hit, the fact that he has unique exposure to co-working and ridesharing during a pandemic. it's just the least ideal portfolio that you could have. you could say, well, uber and lyft will bounce back once people get more confidence but could something like wework get less attractive permanently here, or maybe more so people go, maybe i can do some sort of work share and not go into the office as much. >> absolutely. wework is certainly a concerning point, particularly if we see a recession and you see a lot of start-ups and individuals not take office space, which you're already seeing by the way, wework, many of its locations are still operating, but at the end of the day, masa son does have an out he has that alibaba stake, which is worth about $120 billion. that is more th

haidi: and a shakeup at softbank. son aims to offload $40 billion of assets to support his empire. the sale will include part of his stake in alibaba. australian markets have just open. that's go over to sophie kamaruddin. plenty of reasons for the market to continue selling off. what are we seeing at the start of trading? sophie: it looks like we have a break from the selloff because after we saw thrilling stocks close at a low, the government imposed stricter social distancing, we are seeing gains for the asx 200 with more fiscal stimulus in the mix as the economy risks falling into recession and unemployment woes deepen. jp morgan estimating that unemployment rate will raise to 11% in australia. now elsewhere, we are seeing nikkei futures gain ground. market studying as policymakers are pushing the envelope. the fed going all in, including measures to directly finance companies amid the credit squeeze and short-term corporate debt surged in the u.s. and south korea. we are waiting measures to be announced today to

a shakeup at softbank.offload assets to support his battered empire, including part of his stake in alibaba. details from tokyo next. this is bloomberg. ♪ softbank is set to be selling $14 billion of shares in alibaba as part of a plan to shore up its business battered by the coronavirus pandemic. bloomberg finance reporter lulu chan has the story. lulu: softbank sells $14 billion of alibaba shares that would be a third of its planned rescue prackage. it's also planning to offload some shares a local telecom. together that will form a $41 billion rescue package, an unprecedented rescue package. is expected to use that to prop up the softbank group shares. haslinda: and what about alibaba? what effect will this have on the company? immediately after softbank announced they were implementing those rescue plans, there was a solid in shares yesterday -- a sell off in shares yesterday. $14 billion. you can say that those shares can fluctuate. that would about i would 3%, 4% of alibaba's market cap. off we sawl y

they will need more capital from softbank to remain essentially solvent. liz: really? charlie: now, we did speak with wework officials. they told us this. take it for what it's worth. this story will play out, liz, i think in the next couple months because even if things get rolling again, i mean, there's going to be a hit to certain aspects of the economy and real estate apparently, from what i understand from my sources, is taking the biggest hit. wework is saying their balance sheet is strong as of now and they don't believe that they will need any more financing from softbank, that the money that softbank gave them will get them through this period where people are obviously, a lot of them, not going to wework offices and people are not using the product and may not use the product going forward. so that's where we are right now. i would say this. every one of these economic shakeouts, there are usually companies that don't make it, big companies. back in [ inaudible ] banks were lehman, you know, there have been other recessions where people who were big companies

shares of softbank have been soaring tokyo this morning.follows the tech conglomerate announcing it would buy back up to 2 trillion yen, or $18 billion, worth of shares. lets's go to mariko oi, who is following the story from our asiua business hub. nice to see you. what is happening with softbank, wasted buying back so much of its own stock? it is partly because of the coronavirus outbreak, but caused it stock to fall sharply about the last couple of weeks. over the last couple of days, they jumped today by over the last couple of days, theyjumped today by 20%, but is after they rose 19% yesterday. so hitting their daily limit. as you mentioned, it is because of the company's announcement it will sell about $41 billion worth of its assets, as well as a record share buyback. as i mentioned, it is partly because of collapsing share price because of the outbreak, but it is also because, you will remember its chief executive, his vision fund to invest in start—ups has hit its shares hard over the last year after some of its major bats, especia

shareholders include softbank, erb apps -- airbus, at least one billion of that coming from softbankconglomerate declined to give a total amount. easyjet is grounding its entire fleet. this after completing the repatriation flight there the airline says it is looking for ways to increase its cash .ushion when it restarts according to the discount carrier, it will depend on government restrictions and demand. that is your bloomberg business flash. francine? francine: thank you so much. let's get back to the markets. the markets fluctuating a little bit. if you look at european stocks, they are down 2.2%. in the u.s., they are fluctuating there it a lot of the focus is the number of horrific deaths we saw over the weekend, with in the u.s. and and in your -- in europe, put to what -- policymakers are doing. i have been looking at the dollar more than usual. ?s it the reserve currency >> yeah, the currency -- some of the world instruments are dominated -- are denominated in dollars offshore of the u.s., that we have this natural tendency that when we have a contagion across risky assets

softbank group stock price rose 19%.tors scooped up the shares after it announced plans to sell assets and buying back shares. most of the markets in the asia-pacific region rebounded. the benchmark in seoul surged 8.6%. singapore was up 5.8%. sydney and hong kokong each gaid more thann 4%. this is "newsline biz," i'm ramin mellegard. >>> so toyota and ntt have a plan to move things along to developing a so-called smart city. the two companies will takake about 200 billion yen nexext montnth. that's about $1.8 billion. toyota will acquire a about 2% ntt shares and ntt will take nearly 1% of toyota. >> translator:r: the idea of connecting a so-called connected city is becoming more and more essential. it would cononnect society, people's lives and automobiles. >> translator: we hope to create new social infrastructure by teaming up with toyota. >> the two companies are going to team up on a wide range of mobile services and it would combine toyota's next generation technologies like self-driving with expertise in the comm

softbank came into silicon valley guns blazing. a lot of capital.our take on their ability to continue to do that and how softbank backing out of commitments impacts the tech ecosystem? we are not shareholders in wework, i'm less familiar with that particular situation. that's why we sounded the alarm two or three weeks ago trying to make sure you get the cash you want and need. we may see more of these. havenk a lot of funds plenty of cash. we are open for business and being back and calm about the situation. if you fundamentally have a good business, if you have a business that is not working, it is a good time to reassess and make sure you have a healthy business. you've got a lot of lp's in the health sector. the folks who are on the ground trying to find treatment, therapeutics, working towards a vaccine. what sort of activity are you seeing, and is it giving you hope? >> we are very fortunate to work with many lps on the front lines, including johns hopkins , including the medical school at stanford and harvard. with hopkins is coming out a te

. >>> credit ratings agency moody's has downgraded softbank group by two notches citing its massive plan to sell assets to reduce debt. the planned selloff will be challenging in the current financial down turn, they say. the agency says they're reviewing softbank debt for a further downgrade and highlights the possible sales of core parts of the portfolio, including shshares in alibaba. south ba sosoftbank said itt would sell assesets of up to $ billion. the group criticized them saying it was pessimistic assumptions. soft bank says it will soft misunderstanding among investors. it's asking moody's to remove all bond ratings on the group. >>> postponing the tokyo olympics comes with a price tag. one expert saves mays many busi will suffer, but there is a silver lining. >> reporter: this is executive chief economist at daiichi life research institute. he says about 80% of the economic benefits of the games have already happened. >> translator: if the tokyo games took place this year, they wouldn't have drawn many spectators, so holding them next year will indeed have a bigger effect. the

right now we have breaking news on softbank.'s go to rahela solomon >> dow jones reporting that softbank is backing out of the bailout plan and this is according to people familiar with the matter. softbank'lling wework that it may not buy $3 billion of shares from existing investors as had been planned essentially what they're saying is because we work under this investigation by the sec and the justice department essentially saying those preg lat or probes allow it to back out of the rescue deals that were signed in october. this is according to people familiar with the matter and the dow jones. one thing important to note here it will not affect the $5 billion lifeline that softbank had already agreed to give we work directly -- also important to note that apparently this will -- this would have allowed former ceo newman to sell nearly $1 billion in stocks so it looks like softbank was pulling back on that offer that would have given adam newman again $1 billion of a share purchase we'll see how this all plays out. >> rahel s

softbank has lashed out at moody.ut softbank after they revealed a $41 billion as ideal designed to fund a massive share buyback. uber and lyft are feeling the pressure with large parts of the u.s. in lockdown. ride shares are falling on average by about 6% during the first three weeks of march. some cities including los angeles willful as much as 11%. >> netflix is reducing video quality in india. they are trying to meet surging demand during the coronavirus crisis. streamer of biggest internet traffic in the world after youtube. coming up, we will have more now -- analysis on the global fallout from the virus. we will be joined by the chief pacific asia economist. there's no place like home. especially when xfinity has you covered with fast, reliable internet. with advanced security to help keep you secure online. and with the most tv shows, movies and streaming apps all in one place. with simple digital tools you can get the help you need or even trouble shoot your services on your own. download the xfinity my acco

good to have you with us tell us what you can about softbank and son's plans for it?> it's interesting. just long before any of the coronavirus stuff started hitting, softbank was in trouble. we've seen over the past, let's say, year or so probably more than that, a lot of their biggest bets have just been sort of tanking, you know they made a huge bank on wework, obviously. their big bets on uber seems like a good deal they got sort of a valuation dou discount when they came in when uber was in a lot of trouble and now uber is in a lot more trouble. so that valuation down their market cap down huge sop, you know, a lot of the big bets that they had, you know, relied on early on, are not playing out. and i think the discussions to go private were an ability for them to say, we might have to make some big moves. we're probably going to take a lot of criticism for that. if we can do that, at least, you should the cover of not having to report our numbers to public market investors, maybe we can do that. they opted out of doing that and will try some different stuff in t

softbank is saying we will make $5 billion.you have the stock falling and the highly levered firm, you have issues from the borrowing side, from the capital deployment side. son -- we hadi masayoshi son in new york talking to investors, but that was really before the market rout, so let's see what happens about the ability to keep them moving. alix: totally staggering. thank you very much. coming up on the program, it is a money market mania. we look at prime government assets in today's trader's take. if you are jumping into your car, tune into bloomberg radio across the u.s. on sirius xm channel 119 and on the bloomberg business app. this is bloomberg. ♪ alix: time for trader's take. cleaning me as damian sassower of bloomberg intelligence. i have a money market mania chart. you brought it up earlier. walk me through why this is so important and what you're looking at. damian: prime money market funds are able to invest in a whole range of short-term instruments. bankers acceptance, commercial papers, cetera money market fund

so, softbank, is something that we have to watch.ompany that is under significant distress even before this panic hit, and, you know, we're going to keep watching going forward. the reason why, this is a very important company in this sense. softbank, particularly through its vary funds, vision fund and potential for starting another vision fund which will be very difficult in this environment, started and financed a lot of the unicorns and uber, some others. it was main driver of some big technology companies in the last five, four or five years. so if they're in trouble, that part of the market could go away, but they're saying they have taken moves to sort of stem the bleeding, that i see from there. we're pumping significant amount of fiscal stimulus in this. the direct opposite of what they did in 1929 obviously where they basically destimulated the economy. but there is a degree of short-covering here. so this is not pure sentiment that we've hit a bottom. back to you. neil: you and i covered the 1929 crash. what a nightmare. t

softbank's backing away from a planned bailout for we work. of course, we work has been the subject of multiple regulatory probes by the fcc, by the justice department. softbank now backing away from part of its we work bailout plan. obviously, a lot of organizations, even well-capitalized ones, feeling the impact of this market appropriate will be back after this quick break. emily: welcome back. now, amazon making unprecedented moves to get customers the staples they need, whether it is toilet paper, hand sanitizer. there been a lot of delays in customers getting what they feel they need. i want to bring in matt day, covers amazon. amazon has come up with a new plan to stock the essentials, and not the nonessentials like television sets. tell us how this plan will work. >> they sent a letter to merchants and big vendors this morning saying if you are not selling one of those hot categories of basically virus essentials, they are not accepting anything inbound from you. the demand they have seen in the last week or two. need: does that mean,

vision is actually taking shape start up as well financed thanks to a generous investment from japan softbank and tata power india's biggest electricity provider has ordered a tower. the one here is a prototype andrea has yet to prove that the idea really works. because although the concept sounds simple it's quite complicated to put into practice. it is the intelligence software that controls the crane autonomously it has to grasp the concrete blocks around reposition them without vibrations and without any human involvement. once completed this small scale prototype will have the chance to prove itself as a future technology for energy storage. making the switch to renewables is a project that will be with us for years to come. but at the moment most headlines are about the new coronavirus in late 2019 a hitherto unknown coronavirus strain appeared in the city of will happen in china it soon spread to other countries again and again virus outbreaks threaten the health of communities and pressure researchers to develop vaccines. that's the case with many pathogens. here's a little a.b.c. abo

side, the softbank rank has fallen.how much in the market, i am not really sure. shery: thank you very much. let's get a quick check of the latest headlines. chrysler is having staff work from home. one person tested positive for the coronavirus. to workl being told remotely. plants forut down deep cleaning. likely forced to cut it dividend. capital markets says the infection is threatening the auto industry with sales plummeting in china. they have repeatedly ensured investors that it will maintain it dividend. air shuttle isn suspending supplies and flashings path amid the coronavirus. unprecedentedis and it is calling on governments to support aviation. restrictions on travel are adding more pressure on an already difficult time for the industry. coming up next, the philippine president has put the nation's capital region on lockdown. the latest on the quarantine measures. this is bloomberg. ♪ >> the declines are extending into the asian session, set for the worst week since 2008. take a look at the d declines. the n

looking at sharp decliners in the benchmarks in tokyo, toyobo and stock -- toyota and softbank.s 10% as a portfolio company oneweb filed for bankruptcy and toyota under pressure as it closes plans. plus the carmaker is said to be taking a billion-dollar credit line from two japanese banks. among the stock data in asia we signingmonwealth bank -- the carmaker said be seeking a nine by dollar credit line from two japanese banks. among the stock daters in bank we have commonwealth bank climbing with aussie lenders. outceo says cba can help for long time before tapping capital markets even as it faces higher loan losses in the near term. fujifilm shares rising 12% with japan said to try out its antiviral drug for coronavirus. let's check in on currencies. a major forex. south africa's rand leading the drag there, this after moody's downgrade countries credit rating to junk on friday. the mexican peso extending losses in the wake of its downgrade we saw last week. and the south korean won extending its decline .8% against the greenback. you have sterling under pressure in the asian s

we begin with softbank that plans to sell shares in alibaba as part of an effort to raise $41 billionshore up his this is battered by the coronavirus outbreak. softbank is also considering selling stakes in sprint and in its japanese mobile phone unit. -- it froze hiring across most of the firm. bloomberg has learned instructions in include the corporate investment bank, the consumer unit, and the asset and wealth management group or the hiring freeze is due to uncertainty over the economy pumped it by the coronavirus pandemic. that is the bloomberg business flash. i see you changed locations. you have a plant behind you right now. the we will talk about plant later, but i am trying to outdo steve engle in hong kong for the plant derby on bloomberg surveillance. we have a better take, no question about that eared have futures up a good 105 points. spx etf up 4% as well. simon french joining us next. this is bloomberg. ♪ ♪ this is bloomberg you guessed it, it is from home. let's get straight to the economics. bank andlot of central policy action from banks around the world, some coordi

softbank plans to sell $14 billion of shares to alibaba.re up its business due to the coronavirus pandemic. they are considering raising the remainder of the money by selling a stake in softbank telecom. boeing is shutting down its seattle area manufacturing hub for two weeks after a worker died from coronavirus complications. it adds to a wave of plant closures sweeping across the globe. the aviation industry is navigating's biggest disruption in decades. that is your bloomberg business flash. back to the macro picture and the data, we are waiting for pmi data out of france, numbers out of europe. we will get march figures from germany and the u.k. the data will get some insight into the impact of the coronavirus. mike bell, exec. director / global market strategist, jp morgan asset management is still with us. that will be partially illuminating because the work whend will reflect a time we did not have worries around .orona -- coronavirus the submissions go up to yesterday or the day before, there will be value in some of these numbers.

the alignment of the thinking -- what drove us to make a make a partnership with softbank.id: so today you are happy with the investment? billion sos up $9.5 it is fine. david: did you get a lot of people saying "if you have $45 billion for him, one about $45 billion for me?" yasir: we have -- chairman ofre the saudi aramco, which is the largest publicly traded company in the world, also the largest oil company in the world. yasir: absolutely. it is the largest company from different levels -- market cap, profits, ♪ ♪ david: let me ask you about another job you have. you're the chairman of saudi aramco, which is the largest publicly traded company in the world, also the largest oil company in the world. yasir: it is the largest company from different levels -- are good cap, the profits that we are generating are second to none, and the ipo that we had was the largest ipo in the world. david: you went public not too long ago at a valuation of roughly $1.8 trillion. yasir: the valuation was 1.7. now it is up approximately 2,000,000,000,004 two weeks. trillion --out 1.8 up app

, if you're not softbank the ratio is still the same, 0.10256 that equates to 9.75 sprint shares forach t-mobile share. february 20th about a week or so after they got approval from the new york court to go ahead softbank said we'll change our ratio, brought the price down a bit for t-mobile but that is the ratio, still talking about 6 billion in run rate synergies and carl and sara, we will have three main wireless carriers as of conceivably the end of business tomorrow. back to you. >> yeah, nice to get some old school corporate news, david, first time in a while. >>> dow has gone positive, not by much. see if we can hang on to some gains this morngni we'll take a quick break and be back in just a moment. when you look at the critical issues facing our world, what do you see? we see breakthrough medicines getting to patients in record time. we see harnessing natural gas unleashing the promise of clean energy. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's

the alignments of thinking were what drove us to have this partnership with softbank.id: you are happy with the investment? >> it is up so far after 2.5 $9.5 billion. david: did you have people saying if you $45 billion for him, what about $45 billion for me? >> not all came in with a preposition but we have access to them. david: you are the chairman of saudi aramco which is the largest publicly traded company in the world and the largest oil copyright? company right? >> yes. the profits we are generating is second to none. ♪ ♪ david: let me ask you about another job you have. you are the chairman of saudi aramco which is the largest publicly traded company in the world and the largest oil company in the world. >> it is the largest company from different levels -- market cap, the profits we are generating are second to none. the ipo we had was the largest in the world. david: you went public not too ang ago with evaluation of $.8 trillion. was $1.7luation abouton and now it is $1.8 trillion. david: no company is as valuable as that company but it is traded on the loca

so the alignment of the thinking is what drove us to have us make a partnership with softbank.avid: today you are happy with the investment? yasir: it is up about $9.5 billion in 2.5 years, so it is fine. david: after you made a $45 billion commitment did you have people saying if you had $45 billion for him, do you have $45 billion for me? yasir: not a lot of people came in with a $45 billion proposition, but we have access to everyone. david: you are the chairman of saudi aramco, the largest publicly traded company in the world, also the largest oil company. is that right? yasir: absolutely. the largest company from your levels, market cap, the profits we are generating are second to none. david: let me ask you about another job you have. you are the chairman, as we talked earlier, of saudi aramco, the largest publicly traded company in the world, also the largest oil company in the world. is that right? yasir: yes, the largest company from different levels. market cap, the profits we are generating are second to none, and the ipo we had was the largest in the world. david: y

. >>> softbank is planning to start rolling out japan's first 5g services from march 27th. >> translator the start of a new era, in which everything is connected. from now on, , our focus will 5 5g services. >> the network will launch in a few areas and expand to parts of major cities, such as tokyo, osaka, and nagoya by the end of the month. it will continue to grow from there. the telecom giant has unveiled four new smartphone models that can run on its next generation network. its rivals are planning to follow suit. kddi, known for its au brand, have 5g launch dates for the spring. along with docomo. rakuten is aiming for june. >>> in southeast asia, some people are finding new uses and inspiration from bubble tea's key ingredient. nhk world has the story. >> reporter: you order bubble tea at this shop in bangkok, it comes right out of the mouth of a tiger. the treat has milk and cream. what makes it different from a regular cup of tea is tapioca balls made of cassava starch. >> translator: i love tapioca tea. when a new item comes out, i have to try it. >> reporter: this is tapioca t

vision is actually taking shape start up as well financed thanks to a generous investment from japan softbank and tata power india's biggest electricity provider has ordered to tower. one hears a prototype and has yet to prove that the idea really works because the concept sounds simple it's quite complicated to put into practice. it is the intelligence software that controls the crane autonomously it has to grab the concrete blocks on reposition them without vibrations and without any human involvement. once completed this small scale prototype will have the chance to prove itself as a future technology for energy storage. making the switch to renewables is a project that will be with us for years to come. but at the moment most headlines are about the new coronavirus and. unknown coronavirus strain appeared in the city of will happen in china it soon spread to other countries again and again threaten the health of communities and pressure to develop vaccines. that's the case with many pathogens. here's a little. a.b.c. about viruses. some $3.00 to $5000.00 species of viruses have been class

softbank plans to launch 5g services from friday next week.known for its au brand says it will soon announce details. > many factories have slowed or closed because of the coronavirus pandemic. that's causing headaches for companies all around the world. ro ota reports on how the logistics industry is trying to deal with the crisis in the supply chain. >> reporter: workers in central japan were waiting for crucial parts sitting in a warehouse in shanghai. to make up for the production delay caused by the coronavirus, they asked that the goods be shipped by air instead of by sea. but in february, heading to central japan, not far from the factory. as the infection spreads and travel restriction tighten, airlines cancel 5,000 flights including the one the auto parts were booked on. it wasn't until late february that the firm found space on a cargo flight to japan. so it was heading to an airport far from the factory. the parts finally arrived in early march, ahead of deadline. it cost about ten times as much to fly it than to ship it, but the ma