coming up, softbank joins the spac craze. details next.his is bloomberg. ♪ every year, we set out to do one thing: help the world believe in holiday magic. and this year was harder than ever. and yet, somehow, you all found a way to pull it off. it's not about the toys or the ornaments but about coming together. santa, santa, you're on mute! just wanted to say thanks. thanks for believing. you may already know that goodrx can help you save up to 80% on your prescriptions. unfortunately, many americans can't get to a doctor right now. the good news is that for many health issues you can see a doctor online. it's easy. just go to goodrx.com and with a few clicks you'll be treated by a licensed medical professional all from the comfort of your own home. visits are confidential and affordable. need a prescription? your doctor can send it to your pharmacy or have it mailed to you. get the healthcare you deserve at goodrx.com. vonnie: softbank has filed for a $525 million blank check share sale. to buy a company it was not previously invested in

it seems like softbank really is getting into this game.nie: we are just losing -- crystal: technology targets. yeah, it seems like they are trying to tap into what they already are doing with the vision fund. vonnie: softbank says it will address sectors and has given a wide range. mobile technologies, robotics. it says it will not invest in anything in which softbank has a stake. it has sort of left the door open that it is possible that softbank itself will see some exits from this. crystal: according to a person familiar, they don't want to invest in a company they already affiliated with. , saying theyuage are allowed to invest in what they are already affiliated with. that expands the universe of companies they can look at, they can acquire, they can merge with. they are looking for tech. the people running the vision fund can help the investors giving for a new target. vonnie: in terms of a target, will softbank have a lot of competition? 's launched this year, looking for a target. if you are a company that wanted to go public, and

do people at softbank think this is a good idea? reported that most support the idea of a buyout. there is a variety of reasons, corporate debt, the sheer amount of money it would require to pull this off, and also spending all that money on buying out the existing shareholders would prevent him from investing in tech companies. the specific problems with the slow burn buyout is it is not clear he can do this in a manner that will not drive up the share price and make it prohibitively expensive. he has a long way to go. he owns 27% of softbank. long road. -- long, long road. haslinda: masayoshi son tried to in march.bo how are things going now? pavel: yes, softbank was trading at the third of its value, including alibaba and t-mobile. he managed to get elliott as wellnt on his side as a fund from the middle east, but where he stumbled is convincing the banks to offer him the rest of money at terms he could agree with. has unloaded $43 billion by to nvidiahas sold arm , and according to him, he is sitting on $80 billion worth of cash

reports say softbank itself is thinking of going private. let's go to deirdre bosa who has more >> at $10 billion, doordash could be the vision fund's biggest win in terms of return and that's more munition to lament the underappreciation of softbank by public market investors. something he has said many times in the past. back in 2018 when softbank first got in, doordash was far behind uber eats and grubhub. it was also worth less than $1 billion. he saw something that other investors did not and in this case it worked out now, going private could give him more leeway to make these big, sometimes questionable, less understood bets the issue is that softbank has a current market cap of $130 billion. taking it private would, of course, require a lot of financing. but this time bloomberg is reporting that he himself is debating gradually buying back outstanding shares until he has a big enough stake to squeeze out the remaining investors. last month he told andrew ross sorkin he's a believer in the company and if the shares drop, he would be a

of softbank, we are talking about doordash.th us, as we have been dealing with breaking news on brexit. let's talk a little about doordash, this is a huge deal for you. you have been on the floor at softbank and made a big bet on doordash in the early days, and look at it now, a $60 billion company. what is your reaction to the debut, and that big number, given that they raised $16 billion only six months ago. jeff: it is a great day for doordash and other constituents, the smalls, businesses that are struggling in the face of covid to keep their does open. it is good for business come investors and employees, so overall a really good day. strong market receptivity with a lot of news coming out across the world, so overall, really good day and important testament to the power of the softbank platform and the vision of investing in next generation technology companies, led by fantastic ceo's like tony. tony: talk about how stands out from other entrepreneurs you have invested in. he talks about delivering hummus from his honda.

we're getting toward the $50 billion market cap range, which i've got to admit i've been hard on softbankately and the thesis, but they bet pretty big on this name and that, combined with a reversal in uber's fortunes, means soft bar bank is looking okay for 2020. >> we know they've had a number of flops, jon. it's interesting because at softbank, the biggest investor only invested in 2018, so a late-stage growth round set to reap billions. i spoke to tony xu earlier today and he said that you can't give all the credit to softbank, they were growing before. there's a question we have, especially when it comes to these gig economy companies, can capital be used asa weapon i think what we're learning with doordash, especially after seeing the s-1 is that in the right hands, perhaps not a weapon, but a really important tool i know we were looking through the s-1 again and its cash position the company has raised about $3 billion in total in its history as a private company, and as of september 30th, it still had, i believe, about $1.6 billion in cash so it hadn't even burned through half of

we are told it will buy a company softbank hasn't invested in. softbank declined to comment.ntries around the world are moving to ban or restrict entry for travelers from the u.k.. boris johnson warned of a mutant strain of the coronavirus that is out of control. several countries across the middle east have joined them in the midst of a busy holiday season for british ex-pats. simone foxman joins us. which countries have jumped on the bandwagon here and what are you watching in potential market impact? saudi arabia, taking the most drastic moves. stopping all international flights for a week, though it did allow foreign carriers which had planes in its airport at the time to depart, but there is a long list from the region of countries that moved to ban in the u.k. travelers or added restrictions. also, travelers from denmark and the netherlands, south africa, they include turkey, kuwait, iran, and israel tightening restrictions for its israeli citizens returning to the country. all eyes have to be on the uae. we have not as of yet seen any increased restrictions, but thed q

softbank is a $100 billion fund and growing. something is better than nothing.mily: there has been a push for diversity across america, but the numbers have changed -- barely. do you think this is an opportunity in a way, with so many people being laid off, so much talent out there, for companies to take dramatic steps to change the ratio in kind of one fell swoop? is theink there opportunity, yes. i don't know if they will take it or how many of them will take it, but that is laid bare in front of them. i also believe there will be so many people who take it upon themselves to start their own companies, to start their own mini empires that will not be looking to those companies to take them in. you're going to be losing talent. you are going to be bleeding talent if you don't look at this as an opportunity to be better and to do better rather than simply an annoyance or an hr pr stunt. emily: so much of what is happening now is pouring out on social media, looking at how much technology has advanced but how much core issues like racial justice have not changed.

softbank is considering going private. the slow way.ny may buy back outstanding shares until the founder's son has a big enough stake to squeeze out remaining investors and it will probably take more than a year and require further asset sales. joining us now is bloomberg's asia technology reporter. he is said to be still talking about taking his company private but it might happen in over a year in sort of a slow burn style buyout. tell us more about what we know. >> this idea of a management buyout has been around for at least five years that we have been tracking it. it gained real currency this year. this slow motion buyout. the number here would be 66. 66% ownership. it would give him the ability to squeeze out the remaining shareholders without having to go out there and make an announcement and pay a premium which we expect would be as high as 25% in the old-fashioned way. japanese disclosure laws are a fairly gray zone when it comes to things like that, taking steps like setting up a smerble committee. that gives them the advant

billion softbank has already invested.nal" says the fresh funds will allow avoiding bankruptcy >>> and alden global capital which already has a 32% stake in tribune could announce an offer for the company as early as today. they took a third seat on the board in exchange for increasing its stake or making a hostile bid until after june of 2021 >>> and now to that developing story out of washington, d.c mitch mcconnell refusing to back done over his demands to get a bill on $2,000 checks out to millions of americans in need of aid. and i meamon javers is joining the latest >> good morning. such a fascinating political dynamic here because mitch mcconnell is standing sort of to thwarting president trump's ambitions. the president tweeting that he wants the $2,000 stimulus checks they will of course s mcconnell of course saying no blocking an effort by democrats to bring that $2,000 check bill to the floor clean, that is without any other amendments or details attached to it mcconnell saying he doesn't see any real lisz tick

what has softbank decided to do? that softbank was buying the spread, it is an option bet that tech stock would rise, but less of a risky bet because of the way it was set up. it had gotten a lot of criticism from shareholders questioning why softbank, a company known for long-term investments, typically in tech startups, would do these short dated options. that pressure seems to have finally come to bear. it is harder to make money on these options bets considering not only the u.s. election being over, but vaccine news like we are getting today tends to do better for other stocks beyond tech. they 90% of the options have expire in december. they are going to let them do just that. they are not going to roll them over. they are not going to buy new ones. they are letting these options disappear from the market, more or less. anna: dani burger joining us with the latest from softbank. salesforce has agreed to buy slack for almost $28 billion in one of the biggest tech deals of the year. the ceo did not think he would

regulated like a bank, shares in alibaba shareholder softbank jumped.re putting in new records all around. our reporter from washington says there is virtually no chance of $2000 checks going to the american public. this is the effective free money shot in the arm that equity markets are looking for, as the house passes the legislation on the pandemic relief bill and funding, it goes to the senate. it is a year of sheer wonder in terms of policy response, so who knows. $2000 checks, get it would be bringing your income in the united states back to 25% above pre-covid levels. nasdaq trades above growth values for the first time in months. they find performance this morning, up one half of 1%. bybal equities margin higher one quarter of 1%. the elf of this, is it lower dollar, higher oil? who knows where bitcoin goes. the dollar is lower. to that extent, you are seeing that as an underpinning of the commodity trade as well. oil, 4790. a full-scale recovery and vaccine rollout, what does that do to the narrative? bitcoin, virtually parabolic in the last fo

no official, yet from softbank. and that is your bloomberg business flash. francine?ncine: leigh-ann, thank you so much. there is at least one of president trump's policies biden will keep in place, at least for now, he will leave the phase one deal with china at lease for now, and place. he will look at tariffs on chinese goods. still with us, alberto gallo of algebris investments. alberto, is the market putting too much hope that joe biden will go back to a multilateral, you know, what we saw five years ago in world trade? is he going to be more cautious, you know, about what he does, going forward? alberto: there is a big distinction to be made, i would say, between mexico and europe vs. china, and even the democrats are a lot more hawkish with china today than they were five years ago. we don't have big hopes that it is going to become, you know, a very friendly relationship with china, between china and the u.s., but the winter, from a foreign policy perspective, that europe and mexico, where things are going to be a lot softer, and the loser is going to be russi

softbank among the biggest drags, falling and that is the news.t to highlight fujifilm which is under pressure , falling more than 4% as japanese regulators request more data on its antiviral drug to determine its effectiveness in treating covid-19. the company agreeing to sell its non-core assets in china. japanese drugmakers mostly on saying for, but jeffries the sector is set for a rebound with the japanese government planning to revise drug prices next fiscal year. each month, bloomberg crunches the numbers on the best and worst places to ride out the pandemic and we have seen surprising shifts in the latest release. with theien joins us findings and being here in the united states, i couldn't help but notice how deeply the united states has fallen on the ranking. tell us about the biggest changes. despite authorizing to vaccines, the u.s. dropped a staggering 19 wrongs due to a worsening of the outbreak and the fidelity rate. vaccinations so far, and we know it has only just started, has failed to make a dent into that. a similar situation fo

softbank up.antime i want to get back to the unfolding update on the suspected false-positive covid-19 cases on singapore to nowhere.irs-- cruise lrooke clipping -- roya caribbean was forced to cut afterthis four day strip a passenger was wrongly diagnosed positive. what were some of the measures taken by royal caribbean now for that ship? >> well, as soon as the passengers disembarked from the ship last night they went into deep cleaning and sanitizing the vessel to make sure that, you know, definitely taking to ensure the passengers on future trips, will be secure and safe. and in the morning they conducted pcr testing for all the crewmembers. they have taken other steps to make sure that whatever happens from the in stance earlier this week would not repeat, and that m keeps, puts passengers' inds at ease to know that they will be sailing in a safe manner. yousef: to what extent does this weigh even more on the nation's effort -- these nation effort -- nascent efforts to revive travel during th

the report cites several sources about softbank.t least two additional -- citigroup is managing the process and it will be used to buy a company softbank has yet to invest in. for morningis time calls. let's get to the markets reporter. sophie kamaruddin joins us. no christmas cheer for the oil market. where to for prices and what has been happening? sophie: ubs analyst say recent gains for oil are premature. well markets under pressure, brent is off more than 3% this morning. ubs flagging, a bumpy demand for oil. is second quarter of 2021 when vaccines are are expected to be rolled out. the second half will be constructive for demand so they are forecasting $60 per barrel for brent. haslinda: indian stocks capped the best weekly run since 2019 but be careful. cautious,mura being pointing out india's growth prospects aren't matching up to the robust earning a -- expectations and lofty expectations. the value has pushed almost all 200 big companies in india above their 200 day moving average. virusre cautioning the impact on consumer

let's move on to talk tech and softbank, massive options trades in the u.s softbank's derivative tradingo's masa son remember, softbank was dubbed the nasdaq whale in september after it was revealed for the first time the company had been buying up bps of dollars worth of options and u.s. tech companies which may have helped fuel the late summer rally softbank reportedly still hopes to hold on to big tech, including positions in amazon and facebook josh, does this remove a buyer, which potentially was a big driver of the tech surge we've seen in recent months? >> i think there's two ways of looking at this. the first is to say maybe it removes a buyer who was doing unreasonable things at unreasonable prices, thus driving up valuations for other investors, who may have had more longer term motivations for what they were trying to do and were being forced to pay for things that they ordinarily would not have i'm trying to be like as charitable as possible about what this means. the other way to look at it is the salad days are over for pay any price as long as there's a big tam and a big r

softbank is not commenting.musk is tired of being taken for granted, so he is moving from california to texas. billionaire cofounder of tesla told the wall street journal that california has become complacent with its status as an economic giant and is taking too much for granted. tesla is headquartered in northern california, but musk is building a factory in austin, texas. that is the latest bloomberg business flash. francine: thank you so much. we are getting breaking news out e.u. recovery proposal. we understand polish deputy premier, poland and hungary have agreed on an e.u. deal. we are trying to figure out how it ended and what the discussion was on and what the agreement was on, but they were discussing a possible end to the new budget standoff, which could mean that the block stays as one. we could see a possible end to the standoff, but unclear at the moment to me what was agreed on. i would dig deeper and bring it to you as soon as i find out. tom: a little lift to the euro on that, ever so slightly,

this is a very big win for softbank, as well as small street names. fidelity and t.owe price, which got in a lot later, but again, big gains, up from this year's valuation that was just over $15 billion. alix: we have seen this jumping in five dollar increments, which everyone should be checking out. that is pretty large for the ipo's we have seen recently. sonali is sticking with us on set to get all of the action from bloomberg. thanks so much. this is bloomberg. ♪ alix: this is the european close on "bloomberg markets." the uk's national health service says people with seeds advocate history of allergies -- with significant history of allergies should not get the pfizer/biontech vaccine. meanwhile, canada just authorize the use of that vaccine. joining us with more is emily ashton. the allergy thing that happened overnight, how unusual is that? emily: yesterday was the first day of the vaccine rollout in england, and the front page this morning was so positive. everyone was very excited about people having those first injections. but then midmorning, we got this n

it will be used to buy a company softbank has already invested in. no comment from softbank.discussed tesla's cash to bitcoin. a supporter of the cryptocurrency encouraged the the billionaire to make the shift. musk has indicated he is tempted by bitcoin which is more than tripled in value this year. that is your bloomberg business flash. . back to the virus story, the u.k. has been plunged into christmas chaos with police blocking people from boarding trains and trouble with europe band. into emergency lockdown as a new strain of the virus rages. >> the new variant is out of control. we need to bring it under control. this news about the new variant has been an incredibly difficult and frankly an awful year. germany and france are becoming the latest nations on the continent to suspend flights from the u.k.. for more, let's get to our brussels reporter standing by with details from that. how disruptive can this get? we are seeing almost every few hours another country added to the list of countries that will not allow britain to travel to it. , trade is also being disrupted.

softbank group has plowed hundreds of millions of dollars into the firm through its vision fund.. media are reporting the investment is one of the japanese firm's biggest successes. >>> there is a fight back in japan's beverage industry. shochu is an alcoholic drink usually distilled by >> reporter:odzilla is here. popular manga and anime characters are coming to the rescue of japan's shochu maker. >> translator: it's a collaboration with many familiar characters. looking at something like this, i would want to buy it. >> reporter: there is a backstory to these new corporations. japan's leading shochu producer is in trouble. several years ago, the industry was riding high. shochu shops opened all over the country as people developed a taste for shochu. but it didn't last. after peaking in 2007, it dropped 20% in the following decade. this distillery in kawashima prefecture, japan's home of shochu, is staging to fight back. it's cooperating with popular brands to boost sales. its target audience this time is people in their 40s and 50s, with manga that were big hits when they were

among the first in line for his injections how he is feeling 24 hours later and more >>> plus how softbankeportedly plans to consolidate control of the company. that news has sent the stock soaring. >>> and later, the asset class jamie dimon says he would not touch with a 10 foot pole. for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. people are saving hundreds on the most reliable into strategies in a land not so far away, network with xfinity mobile. they can choose from the latest phones or bring their own. and choose the data option that's right for them. they even get nationwide 5g at no extra cost.

very surprising that softbank is giving -- getting into cobit tests. how are they doing this?t-home test for the general public in march. ¥2200, which is about $20. there have been cheaper options popping up across japan. the thing to know about these tests is it will not be overseen by a doctor so if people test positive, they still have to get another government approved test which offers another option for those that are worried they may have the coronavirus, especially as the spread is getting worse in japan. heard anhave announcement from chinese authorities. what are the details? lisa: chinese authorities are saying the scale of the covid-19 outbreak in wuhan, which was the initial epicenter of the coronavirus spread earlier this year may have actually been nearly 10 times the reported tally according to a study they have done based on antibody testing of wuhan citizens in april so the ratio of those who tested positive for antibodies suggests as many as may be 500,000 residents may have been thected, which was 10 times 50,000 confirmed covid 19 cases at the time. what a

within a few weeks of that ipo shut down, softbank marked it down to under 4 billion on their own booksindividual investors american public, tough be careful. charles: yeah. that's criminal. that's criminal. we have got less than a minute. i want to pick your brain so we can run through them. there is another hot ipos in the queue. instacart a buyer. >> no. valuation is awfully high. we don't the financial yet so don't know for sure. how will we make money packing groceries into carts? there is not a lot of margin there. charles: robinhood? >> we don't have the numbers there either but the average assets per account is way below all their competitors who sold at similar prices to robinhood. we think that is a little expensive. charles: do the next lee fast, if we can, my granddaughter's favorite website, roblox. >> that is the most reasonable on your list. that is one thinking about close to getting invested in. charles: real quick. before i let you go, facebook was disaster. lyft was a disaster. uber was a disaster is there a magic formula waiting for the hot stocks to go down and pick

down losing under half a percent on friday toyota did gain 4 and a half percent on friday alone softbank nearly 11 percent on thursday on its door dash steak hitting some record highs india's sense x. is in the green this week on thursday the index saw its 1st decline though in 5 days agriculture comical maker u p l lost 11 percent on thursday its largest decline since march on news that the company siphoned off money in australia the a.s.x. is of for the 6th straight week on friday the index struggled on news the university of queensland and c.s.l. stopped kovan one team vaccine trials this came after data showed it could interfere with hiv diagnosis c.s.l. lost 3 percent on the news in south africa the all share is down with a big drop in manufacturing the rand hit 10 month highs earlier this week after data showed a better than expected recovery in the 3rd quarter of 2020 in europe we start in london where the footsie is green the pan here p. and stocks $600.00 fell one percent on friday after british prime minister boris johnson said there is a strong possibility of a no deal drugs i

softbank is reportedly raising half $1 billion. the plans for at least two additional vehicles. that goldman sachs and citigroup are managing the profits. -- thee lead dating app bumble is said to file for an ipo for valentine's day. advisors, bumble was launched six years ago by what you will hurt -- by the cofounder of another dating app, tinder. paul: the average house in the metropolis of 22 million people in shenzhen now sells for about 900,000 u.s. dollars. we found out more from our bloomberg correspondent in shenzhen. [speaking foreign language] >> howdy folks. i'm here to check out the city's social mobility and the properties. >> i've here in the housing village in shenzhen where i'm about to meet one of the many migrants came here. ♪ i'm going to try to avoid being hit by repeat pajamas. -- the streets are narrow. [speaking foreign language] >> the cost of an apartment 34.5 times a resident's annual salary. >> [speaking foreign language] a downre she can afford payment, and she can only rent homes with her small budget. >> [speaking foreign language] >> one of the thi

you got backing from the likes of softbank.valuation at $10 billion and borrowed to buy a stake in your own company. are the repayments causing many stress at the moment? how are you going on that front? think first off, we were lucky to have completed a round of financing before the pandemic hit us, and we have worked with our leadership and continueensure that we to keep a reasonable amount of strength in terms of cash, not just in our parent company but across the group companies including entities within the group. financials is operating cost, but at the same time across margin dollars have been the recovery. around 85% of the pre-covid levels across margin dollars aided by means of european holiday home growth combined with a lot of asian markets like that of china, southeast asia recovering substantially. india starting to recover. india is having a great quarter. a strong travel trend in december. people because one of the longest lockdowns want to go out and see the country. i believe as a combination of will continue

softbank has been added to picture role here. thrivedmpanies have during the pandemic.con has 700,000 subscribers to his service. -- to its service. francine: a lot going on in the markets, or i would say quiet data the markets after a tumultuous year we have had. but we are still seeing records across markets. bitcoin surging past 29,000, and then just below 29,000, still a big psychological level. pound, 1.3674. tomorrow it is the first day of the u.k. after the referendum. we speak next with paul hunter. this is bloomberg. ♪ ♪ >> a second person has died in central china after being infected with a new sars like virus. our top story, shadow bands traveled from the coronavirus epicenter with 17 dead and hundreds infected. names, and it is covid-19. in theee fresh cases u.s., germany, france, iran. >> with the dow industrial said to record its ninth -- worst drop since 1987, vix is the highest since 2008. and all other policy institutions are called upon to take target big actions to address the public health crisis of containing the coronavirus. >> we are looking at s

media investor reaction based on softbank and alibaba share prices seems to suggest investors are relievedelopment. it is definitely better than the nightmare scenario where ant would have to break up the company or completely stop financial operations. the latest plan is they will have to loop in all of those financial operations and wealth management services, consumer lending, insurance payments into that financial holding company that is going to be regulated more like a bank. we are seeing investors react very positively to that. see,ss we will have to only time will tell exactly how these things turn out. we are going to be sure to have you back on to talk more about aunt in the future. big story certainly for investors around the world and people who are interested in the chinese tech story. we are seeing markets in europe continue to rally with the ftse 162 pointup 2.5%, game. this is bloomberg. ♪ >> stocks power into year-end. the momentum shows no sign of abating. to clearis expecting the astrazeneca oxford vaccine possibly as early as today. this is an opportunity for boris john

and they haveia been involved in difficult situations with softbank. it is not been a easy year.the ceo is trying to do is figure out what's going on, clean those individual businesses up and set them up for a better path next year. francine: thank you so much, marion. being moved into the u.k.'s toughest tier of virus measures, increasing restrictions. we will discuss with that means for europe's economic recovery. we are delighted to be joined by gilles next. we will also talk about brexit and what exactly that means for the economy overall. let's bring them up to show you exactly what investment feels like. the focus is on current restrictions. the focus is on the virus. a deal that could be done. we will see what that means. treasuries little changed. oil dropping from a nine-month high. we will have plenty more market checks throughout the hour. this is bloomberg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance." i'm francine lacqua, here in london. let's get to the bloomberg first word news with leigh-ann gerrans. leigh-ann: joe biden is now offici

softbank act india braked i greater -- $23 million to make electric scooters.e to make at least 2 million east scooters a year. it aims to export the two wheelers across europe and latin america. india is the largest maker in the world and in 2019, it sold more than one million bikes every month. struggling air india has said to draw interest from the tata group at a consortium of its own staff. lodged an initial bid while a group of more than 200 airline staff has also stake.at a majority sunday was the final day for bids. the government says it has received several expressions of interest. but it declined to show any of them. are seeing the japanese nikkei lower by health care and consumers staples stocks. down .3%. reversing yesterday's gains. the japanese yen, a little strong now. the strongest and more than a week against the u.s. dollar. we do have the boj decision coming up later in the week. the kospi also falling for a second consecutive session. this after reaching record highs in the last few weeks. the korean won also consolidating in a narrow range

bed the myth of the bogeyman, whether it is the robinhood traders or the tesla addition, or the softbank whale, whatever the rumor is in the market today, people kind of but that off to say, no, it is just uncertainty. media and, the modern the modern dissemination of rumors and speculation and the whole thing -- lisa: you mean us. as guilty as anybody. how do you have the courage to invest, or even harder, stay invested? vicks down from the 31 fear level yesterday. i call it the pandemic partition, and depended partition -- nz pandemic partition is real simple. -- and the pandemic partition is real simple. it is about those who are in the know and those who are not. dr. deborah fuller has a lab known as the fuller lab. we are thrilled that deborah fuller will join us from her university of washington, and we will get an update here on the virus come on the mutation, the variance that have been reported in the last few days, and critically, how that folds over into the winter season to the .eal dread of the pros dow futures up for, nasdaq 100 leading the way today. down $0.67. stay with

also softbank, one of the biggest holders, from 2018. and even another one more recently. big gains for doordash, right now hogging the opening price of $182. -- hugging the opening price of $182. it will be great to watch. david: we went to bringing emily chang -- bring in emily chain. she had a big interview with the founder of doordash. emily, give us your perspective? >> i might also add the word insane. ais is a company that raised $16 billion valuation six months ago. they have seen huge growth, but even the company itself says growth will slow as we get to a new normal, as a vaccine gets on the way. i sat down with tony shoe. he founded this company seven years ago. i said it, how does this feel? you are looking at a $70 billion company potentially. he said is surreal. he also said this. >> it is a testament to the hard work of all of the people inside doordash as well as the partnership with our ecosystem, our merchants, the dashers in our platform over the past seven years, as well as a reflection of the confidence investors have about our future. >> doordash does

. >>> and as if the spac craze could not get more crazer, softbank is hopping on the train as well.t filed to launch a blank check company saying it plans to raise $525 million in foreign investment in a yet unnamed or unknown technology company and the studio behind the james bond franchise reportedly exploring a sale the "wall street journal" says that mgm holdings is counting its library of content to be attractive to companies that are looking to make big beck on streaming. if you are going to sell service to consumers, you better have something to show them by the way, let's get a final check now on the futures and the market because things are looking a lot different today than they were yesterday this time yesterday, dow futures were down more than 400 points right now, they are actually flat with a fair value that is actually in the green as well. nasdaq and s&p 500 futures are higher as well yesterday a lot of blame in the early morning hours being put on the new uk strain of coronavirus. it turned out that that was probably misguided because that strain still existed as 1:

are you talking about softbank going private, are you talking about the federal reserve? no.talking about a humpback whale. it looks like the river thames. it is an even more rare occurrence in england. back to 1913 it has only happened once. this made headlines in new york city. for those of you on radio, what you need to know is lisa is out in her canoe getting ready for the next trip to the adirondacks and a loch ness monster is what it looked like. lisa: me or the whale? [laughter] tom: the whale. excuse me. let's look at the markets. lisa: let's look at those markets. tom: the market will save us always. this is a market that will not go down. lisa: no. record highs. i was reading outlooks for 2021 because that is what i do in the evenings, there's a clear theme fundamentals do not justify the enthusiasm we are seeing inequities. policy is propping up valuations and continues to do so. that is the thesis in wall street carrying threw two today. tom: no question will be -- carrying through to today. tom: no question will be following it. thank youw jersey, for emailing in

on artificial intelligence, machine learning and data and being used as a true differentiator and softbankching all-time highs in its market cap. we have a lot fire power to continue to invest in public and private markets. >> so with that turn around, especially in returns we've seen over the last few months, should we see vision fund-raising more money from outside investors next year? >> i think we're focused right now in investing out of fund two, the sole lp is soft bank. as i said, we have more capital than ever before on the balance sheet, so we don't necessarily need outside capital, but we're very open to helping to manage other people eaves mon's money future >> okay. we will stay tuned to jeff thanks for being with us today we'll keep an eye on open door and their other investments. >> thank you >> getting close to session highs here on a volatile date for the markets. keep your eye on bitcoin had a bit of a volatility run lately on its own. elon musk with words about the crypto currency over the weekend. you can really what musk said on cnbc.com stay with us we're back in a min

now, some of the companies' investors include softbank, began electric and ggb capital the stock first trading 6.7% higher than social capital's last close but now as you can see it's up about 1.5% tyler. >> they say they have $4.7 billion in revenues and they have sold 10 billion in homes. that's a -- >> yes, tyler. >> explain that one. >> so -- so the things that they take a percentage fee, so you have to look at whether or not they are generating revenue from each how is that they are buying and selling and in terms of those homes, the $10 billion worth of homes, $4.7 billion in revenue and, of course, some of that revenue does, of course, go to the homeowners. >> i got it. >> okay. thanks, julia, appreciate it. >> and still ahead, moerderna a pfizer are getting most of the glory for the covid vaccines, but there are lots of other companies involved in the whole production chain we'll talk to the ceo of a key player and the impact that the inave had on operations next "the exchange" returns right after this this holiday, get the phones everyone wants on the 5g america's been waiting

what would the implications be for softbank?> son is the world's biggest investor in ride-hailing. he has large stakes in you china, as well as operations in brazil. he has used his position so far to negotiate a number of cease-fire agreements. uber worked out their differences in china. and grab have come to an agreement in southeast asia. this would probably be the last big rivalry that would be coming to an end. we know he's been personally involved in the negotiations since at least january this year. getting frustrated by the animosity between the two companies, but it seems like they have made progress and are close to clearing a major hurdle. >> [inaudible] up next, tie protesters target the royal family and property investments. this is bloomberg. ♪ >> president-elect joe biden his economic team together. competence. have respectable people -- to beat is not worried about. that is very much reflected in the biden economic team. i discovered that one plural for dubs is a bevy. we've got a bunch of people who are pretty m

of the food delivery app toll at addressable market and so look this is just a way, honestly, for softbankto recoup some of the losses from rework and we would highly recommend investors avoid this ipo. it's a rip-off for retail investors. >> liz: that is a strong statement. you've got to give me more granularity on that. first of all i know they haven't been showing a full year profitability but they have just been doing gangbuster business and they kind of own the market here. don't you kind of look at the post-pandemic world and say that if people are going to order and want delivery it's going to go to doordash? >> if they hadn't made that much money in the current environment i don't know how they make much money post- pandemic and grubhub looked good before doordash came into the market. grubhub had 50% market share and positive margins but as soon as more competition flooded the market their market share went way down, their margins went negative. the problem is these guys have no barriers to entry. you don't need to go to college four years to be a food delivery driver. you don't n

softbank had that being issued. ♪ >> it is 10:29 a.m. in hong kong and shanghai.m karina mitchell. karina: the senate is considering a $900 billion virus believe bill just passed by the house moments ago, along with a larger measure to fund the government. the package includes funding for small business, stimulus payments for individuals, unemployment benefits and support for vaccines, education, and childcare. mitch mcconnell says lawmakers will stand until the deal is done. joe biden has become the most high-profile person to receive the coronavirus vaccine, in a move to convince people to accept it. he was given the shot at a public event in delaware and said the current administration deserves credit for rolling out the vaccine so quickly. president trump has yet to have the shot as polls showed many americans doubt it works. the number of british retailers fighting for survival has jumped by a quarter. firm says 40,000 online and traditional firms are insignificant financial distress. that is up 24% from this time lester, and 11% higher since september. 2020

the new funds will give softbank a majority stake in the company and help them avoid bankruptcy.ull capacity today. the florida theme park's reservation website showing no availability for new year's eve even with limited guests allowed during the pandemic. disney requiring face masks, temperature checks and implementing social distancing policies for anyone that wants to go to the resort. finally, dagen, how is this for a post game fumble? ♪ ♪ cheryl: oh, no is right. that was the wisconsin badgers football team. they accidentally shattered their own of trophy in the locker room as you just saw after they won duke's mayo bowl in charlotte. they beat wake forest. they fixed it by taking duke's mayonnaise and putting it on the base. dagen: that's the curse of the demon deacons, when you celebrate too much, defeating my wake forest demon deacons, that's what happens. although i encourage everyone to make sure that there is duke's mayonnaise in their cabinets for 2020 because it is the best mayonnaise. i can attest to that. cheryl: good to know. dagen: maybe -- you know, just ritz c

does the company go public softbank had no small role in doordash's rise. company is worth $6.4 billion with doordash priced to get 102 bucks a share. the first startup was in 2018. that is a 9 fold return in about two years. back then the startup was valued at under $1 billion and it was far behind grubhub and uber eats in terms of the market share massa son's capital turned out to be a very powerful tool playbook used the money to grab market share from rivals. this focused on the suburbs versus urban centers the company also used a controversial practice called nochb partnered delivery br it essentially signed up tons of restaurants without even having any kind of contract with them now today seemed to have worked out. doordash has 50% of the food delivery market and the pricing values the company at $39 billion on a fully diluted basis. so far this is a much-needed win for the vision fund. perhaps another key question going forward. this ties into leslie's question, too. what happens if public markets want to see more financial discipline and capital is

softbank's backed indian ride planning to make electric scooters. able to make at least 2 million scooters per year and is aiming to export the two wheelers across asia and europe as well as latin america. india is the largest motorcycle maker in the world and in 2019, is sold more than one million bikes every month. singapore has invested in a geothermal firm asked by the largest oil refinery in china. we are told they have put 200 million u.s. dollars into the company might which may be considering an ipo in the coming months. we are told the firm is currently valued at about $1 billion. it's also in a joint venture with an icelandic company. taking to the skies or not? we have struggling air india set to draw expressions of interest. there has been an initial bid, but we also have a group of more than 200 airline staff looking to have a majority stake. monday was the final day for bids and the government says it has received several expressions of interest but has declined to identify any of them. fromve this global study morningstar, ranking the

they have completed talks with softbank to acquire the robot unit for 800 billion to 900 billionwon.stocks after we saw shares slump on tuesday after the government -- expecting supplies of 44 million people being vaccinated, based on what the government secured. coming up next, we speak exclusively to the union bank vice chair about the push, and a philippine business tycoon will also be joining us. we also have the market opens in seoul and tokyo. this is bloomberg. ♪ in a land not so far away, people are saving hundreds on the most reliable network with xfinity mobile. they can choose from the latest phones or bring their own. and because they get nationwide 5g at no extra cost, they live happily ever after. again, again. your wireless. your rules. your way to stay closer together this holiday season. switch and save up to $400 a year on your wireless bill. and get $300 off when you buy the samsung galaxy note20 ultra 5g. learn more at xfinitymobile.com. shery: welcome to daybreak asia. i shery ahn. haidi: and i'm haidi stroud-watts. justs major markets have opened for trade. asia

outl: when the first came in september, softbank's market by $17 cap dropped billion in two days.t for 1% of shareholding, but the personal stake has also come under fire. 32%.ns at the end of the day with the losses in controversy, it was not clear it was doing -- it was worth doing in the first place. rishaad: tell me, is this the his foray into public stock trading and what does he do down -- do now? stakes like off his amazon and facebook? of september,end they invested $16.2 billion just in the last quarter, including a stake in amazon, and many others. sources are telling us those positions will remain. softbankantime must will remain a major investor in these stocks. juliette: our reporter there with the scoop for us in tokyo. it is one of the biggest tech deals of the year, salesforce has agreed to buy slack. the ceo told bloomberg he did not think he would be making any deals during the pandemic. a you said it right, it is marriage made in heaven and we could not be more excited by the combination and how it transforms our customer 360 vision, and lets our customers work

softbank still on a tear. trading near december 10 highs. not been at these levels for years. koreadeal over in figuratively and literally here. you are looking at related companies. a couple of headlines to tell you about. mean they absorb it. a couple of movers. have a look at this. this week, you can follow the vaccine story, in case you may state over the weekend, the u.s. approving the pfizer shot for emergency measures. cold storage has been the hottest trade. we extrapolated need for this over the next few months. the world will get wider access to the vaccine. a little bit shorter term. set out ofta property prices in hong kong. this next chart has been diverging. from year-to-year average. we are looking up .1% growth. that is the average. for about 25% of your average. we are going into the lunch break. more on the other set of this break. you are watching bloomberg. ♪ ♪ karina: the latest u.s. relief package worth $908 billion is expected to be announced monday in washington. one of its key negotiators say there is no guarantee it