we have 100 content providers across south and southeast asia.fcomes from a variety sources ranging from large studios to independents. our content ranges from titles viewers would know like d.c., titles and harry potter through to great local entertainment that is specific to each geography we offer two. rishaad: where are you for the moment operating? tell me about where the growth areas are? where are you getting traction? about 18-19arted months ago, we are live in the philippines, which was our first market. we then rolled out in thailand, india, indonesia, and we will be launching in the for this week. -- in singapore this week. lester was her foundation year. we are growing extremely fast, adding about 100,000 or so every few weeks. rishaad: let's talk about your finances. what sort of cash position to usurp -- do you currently have? to have anortunate amazing and very supportive set of shareholders. we are fortunate enough to have warner bros. and sony pictures in the mix. we raised about 100 million u.s. dollars at the beginning, and are

we can't lose southeast asia. have to stabilize south vietnam. >> on january 2nd, 1963, south vietnamese troops surprise a vietcong battalion at a village called ap bac. five american helicopters are shot down. three american advisers are killed. 63 south vietnamese die, half of them shooting at each other. >> we've got u.s. military advisers flying combat missions. we've got advisers that are accompanying south vietnamese forces into the field. so by this point, their role had gone beyond simply advising. >> we have learned a bitter lesson. the army of south vietnam cannot cope with the committed guerilla enemy. it is trained for conventional war american style. >> there is growing uncertainty about whether the advisory effort is really working. >> then in the midst there is a what's called a buddhist crisis. >> the war in vietnam has literally become a fight on two fronts. on one hand, the they face the vietcong communists and on the other hand a revolt of the majority, a fight which has been joined by thousands

designers from southeast asia are here to showcase their latest looks. they come from countries whose increasingly prosperous muslim women want clothing that blends religious requirements with cutting-edge style. >> translator: it's so chic. >> translator: the designs are very modern. >> reporter: modesty is key in muslim fashion. but as a growing demand for more patterns and designs, some designers are turning to traditional japanese fabrics for inspiration. singaporean designer lin siregar is one of them. the quality and variety of japanese textiles caught her eye and she has created a collection of turbans using kimono fabric. >> i'm looking for a bit flowery and hot fabric, because cannot find in singapore. >> reporter: kimono textiles are gaining popularity in southeast asia for their colorful prints. but designers say the availability of the fabric outside of japan is still limited. siraga is in japan to show her work and seek out new materials. at the fashion event, she meets a dressmaker. she creates modern pattern designs that are printed on tra

we have focused in southeast asia in -- but we have ambition to go beyond asia.ct and the technology and the value added services we provide our catered toward asian companies, expanding regionally. i am talking about freelancers and sme's. emily: describe the state of the start up landscape in singapore and southeast asia. is definitely a good time to be in southeast asia especially in singapore right now. when i first started on my company it was very difficult to raise funds. but nowadays, i think the funding amount that is available to startups across the region has raised from $500 million to more than $1 billion in the last 12 months. you see a lot of startups coming in and you see a lot of startups getting more mature and we have been seeing a few unicorns humming out of southeast asia alone. emily: the new fund name, what do you intend to use it for? to allowe funding is us to expand next -- aggressively and quickly across asia-pacific. it is for us to invest back into our members and businesses who are with us and this company is expanding -- these compa

many in south america and southeast asia. >>> now for weather. here in tokyo it was a fairly warm day but temperatures will dip starting tomorrow as sayaka mori tells us in this hour's weather update. >> yes, it could be the coldest day of the season so far tomorrow. it's going to be more like early december. so do be prepared for the chilly weather here in tokyo. now, people in northern japan experienced the coldest day of the season today. it is more like early winter. very frigid air is coming in and covering over the northern portions and much of the korean peninsula. into wednesday the chilly air will continue to sag towards the south. reaching the greater tokyo area. so rain is going to be quite chilly across many portions of japan. now, tokyo's high only 13 degrees. it's going to be more like early december and 5 degrees cooler compared to where it should be during this time of year. as we go into friday, temperatures are going back to normal. 18 degrees for the high. so winter hasn't come yet. as for seoul, it's going to be a little bit m

>> we tend to be investing in southeast asia.emographice we see and consumption growth to be strong. in china itself, although the lines are always about tolerating growth, and we talked about the transition -- shery: what about industry? >> within china, i think the new economy, e-commerce, mobile -- shery: when it comes to regions growing out of asia, how about emerging middle east? >> i think the middle east definitely faces some challenge, not the least of which is the lower oil price. but if we look at other oil exporting countries the flexible this allows them to make adjustments in the economy. a lot of the middle eastern countries trade with the dollar but they don't have that flexibility. i think it is going to be challenging for investment for quite a while. shery: thank you so much for joining us. of globalng, head emerging markets. back to you. delsey: thank you. coming up, opec members failed to work out a compromise on a deal to cut production. we will discuss the implications to the markets, next. this is bloomberg

. >>> hundreds of muslims protested friday outside myanmar embassies in three capitals in southeast asia. they are angered over the alleged persecution of rohingya muslims in the buddhist-dominated country. patchari raksawong in bangkok has details on that and other stories. >> myanmar's military has been carrying out massive counter insurgency operations in the western state of rakhine since hundreds of militants attacked border posts killing nine soldiers last month. nhk world's fransiska renata reports from jakarta. >> reporter: several muslim organizations in indonesia conduct demonstrations in front of the myanmar embassy in jakarta. they demand myanmar government stop killing the rohingya people. about 600 people attended the rally which was held in the capital of the country with the world's largest muslim population. they chanted slogans such as "stop the massacres" and brandished banners reading "banish myanmar from asean." >> translator: i feel pain because i'm a muslim too. the indonesian government must take strong action to stop the myanmar government's violence. >> reporter

update on the vietnam war nixon wrote in his handwriting to kissinger and said the bombing in southeast asiaetnam it has gone on for ten years, we have achieved zilch. it has been a failure. and of course he was touting that the bombing was very successful and it turns out after he has made this declaration and the bombing studies that sense have shown that he was right, it was achieving nothing except energizing the north vietnamese. so what did nixon do? this is this is the every election in 1972, the polling showed the bombing was popular it showed he was tough, so so instead of stopping the bombing, killing people, he intensified intensified the bombing in that year 1972 ordered the dropping of 1.1 million tons of bombs. >> how did butterfield get to the white house? >> it was an accident. he knew haldeman knew haldeman which was nixon's top eight, chief of staff from ucla. butterfield was an air force colonel, he asked interview and haldeman realized here somebody out of air force -- somebody who would be perfect to bring in as his deputy. he he did that with nixon's approval but nixon

part of the mission is to free hostages from pirates in african and southeast asia. this is what release looks like. these 26 men -- smiling faces of men who have this was the night we picked them up. >> the country just west of somalia. where this photo was taken. they took 26 hostages. and became a developed criminal enterprise. >> the crew has been held for four and a half years. >> pirates boarded the ship and killed the captain. the rest of the 28 crew members spent the next year and a half as hostages. that is until the ship sank. that is when the pirates took them ashore in into the bush. two of the crew members died from illness. the rest lived in fear with little hope. months ago. got potential -- we are very excited -- >> zero bp is a real estate investor -- 1.5 billion. [ inaudible ] i will be moving more into philanthropy. >> our job is to assist in any way we can make the world a better place. >> it is solely through their work, this nonprofit has a special purpose. >> whole idea is to help humanity get rid of piracy >> somalia is a poor country. the goa

as you know, one of my big focuses is the rest of asia -- india and southeast asia. we are virtually connecting the world today. what you see here in shenzhen, what you see on the data screens behind me is the world participating in a global shopping festival being hosted by alibaba. it is really geographic agnostic because it involves everybody, brands, small businesses, course, allnd, of the chinese consumers and consumers that participate internationally. emily: mike evans, president of alibaba, having flashbacks to being there with you all last year. thanks so much for joining us from shenzhen, the heart of singles day festivities. i will send it back to you. julie: thanks so much. bloomberg technologies emily chang. alibaba shares are off by 2% at the moment. coming up, we will hear from a ceo about the company's better than estimate or quarter results. europe's biggest insurer saw its profit rise by 36%. this is bloomberg. ♪ julie: you are watching bloomberg. i'm julie hyman. mark: i'm mark barton this is your global business report. u.s. regulations tried to i

tonight, i want to speak to you of peace in vietnam and southeast asia. >> this is the moment for lbjthe pressures of vietnam are becoming almost overwhelming. >> it is true that a house divided against itself is a house that cannot stand. accordingly, i shall not seek, and i will not accept the nomination of my party for another term as your president. >> you have just heard the president of the united states, lyndon baynes johnson, in an address from his office at the white house. the advanced text of his address did not contain those last remarks saying, and i quote from president johnson, i shall not seek and will not accept the nomination of my party for the presidency. roger, no question about it, this was a bombshell politically. >> well, you really don't know where to begin. >> our guest today on "meet the press" is the vice president, hubert h. humphrey, who today announced his candidacy for the democratic presidential nomination. hubert humphrey was vice president. and now he's running for president. humphrey has doubts about vietnam but has been a good soldier. he's stood b

they bought a company in southeast asia that does e-commerce.ne of the potential expansions for them. aggressivelyng into the cloud business, following amazon's lead and using the servers they already have to deliver cloud services. so far it has been successful with and china. they are trying to move the services outside china and customers, too. we will see whether that business is succeeding. emily: what about the house of the chinese consumer? with alibaba president, mike evans a few weeks ago. from the outside you see gdp growth slowing and greater concerns about the flatness of the chinese economy. it may never grow as fast as it once did. companies likee alibaba saying the chinese consumer is still healthy and spending money. what are we actually seeing on the ground there, and how are those two things not at all -- at odds? >> alibaba has been able to capitalize on that through their history. we will have more insights this quarter. the chinese economy is growing steadily, even though it has slowed. alibaba is benefiting and expanding mi

, for instance, one of the very first ones in 1978, he finds himself back in vietnam, back in southeast asiaand he is meeting with various political figures as well as with military figures, and one of the things he does is he records on tape kind of a diary of his actions through the day. one of the things we have here in the collection are this wonderful transcript of his tapes. also with his notations on them. one of the things it says here is the state department was stating that there are two or three thousand russians in vietnam today and they give approximately $500 million per year in aid. they're also talking about sort of the claims of the vietnamese not being friendly to the russians and especially being more friendly to the chinese. basically a fact finding trip is what's going on here trying to figure out who are the players on the ground in vietnam still? later on he is assigned to go to beirut and egypt on a fact finding mission in the 1980's. this particular trip, one of the things that's produced is this wonderful album of photographs. he visits, you know, the palace and pre

there have been angry protests across southeast asia to denounce erma allegations of indiscriminate killing and rape. in a military crackdown on the 5000ry, some for morestrated -- hundreds protesting in kuala lumpur. accusing the burmese government of ethnic cleansing and genocide. yuan test of the you and refugee -- charges denied by the government. >> a major camp on the bangladesh border. they u.n. says the cuff from it is carrying out ethnic cleansing with aid workers reporting allegations of gang rape, torture, and murder. >> i would like to question the professionalism and ethics. he should space -- should speak on concrete fact and truth. reporter: burmese officials say they are setting fire to their own properties. more than 1000ow homes that have been burned to the ground. has led toon protests in thailand and indonesia. they are demanding respective governments do more to help. >> what is happening is a slaughter. criticize our own government, which is not doing anything. >> it is a symbol for peace. when the muslims are being slaughtered in this country, she keeps quiet. million

, for instance, one of the very first ones in 1978, he finds himself back in vietnam, back in southeast asia, and he is meeting with various political figures as well as with military figures, and one of the things he does is he records on tape kind of a diary of his actions through the day. one of the things we have here in the collection are this wonderful transcript of his tapes. also with his notations on them. one of the things it says here is the state department was stating that there are two or three thousand russians in vietnam today and they give approximately $500 million per year in aid. they're also talking about sort of the claims of the vietnamese not being friendly to the russians and especially being ore friendly to the chinese. basically a fact finding trip is what's going on here trying to figure out who are the players on the ground in vietnam still? later on he is assigned to go to beirut and egypt on a fact finding mission in the 1980's. this particular trip, one of the things that's produced is this wonderful album of photographs. he visits, you know, the palace and pr

fromsaid, we saw demand southeast asia and other regions for japanese goods.aidi: are we likely to see this trend continue? that is a big question. the election of donald trump has thrown mccloud over the outlook for global trade. there are concerns protectionism will rise. shinzo abe is still pushing ahead with tpp talks, but from trump's point of view that looks all but dead, a real below to japan. on top of that, there is a question about which way the yen will go. it did not go the way people expected after trump selection and analysts are still trying to get their head around of where the yen will go and what that means for japanese companies. biggest one of the problems the japanese economy has endured is domestic demand. what is that looking like at the moment given this read? any better not look today. when we looked at the numbers for business sndg, that was unchanged. consumer spending was up just a little bit. is stillll picture gloomy when it comes to domestic we see,n japan, and as prices falling, and that's another thing for the boj to contend wi

the target was a drug cartel from southeast asia, suspected of converting ten rental homes into grow operations that are hiding in plain sight. >> so the feeling is, this is organized crime here? >> absolutely. >> reporter: this is not a one or two-person operation? >> no. this is not a mom and pop, let's grow a little weed. >> to watch the full report, go to c,, ,, ,, ,, >>> a collaboration between two best friends to make a bloody zombie movie is making people smile. steve hartman met the filmmakers on the road. >> reporter: if you want to know how to be a great skateboarder, mattie is not your man. >> the point is to cruise on the board. >> reporter: sam won't into the x-games either. but if you want to know how to form a perfect friendship, these two young men from rhode island, both with down syndrome, can tell you all you need to know. >> i just care about mattie. he's everything i wish i was. >> to me he's like a brother. >> reporter: sam and mattie met about ten years ago. they were in special olympics together, and have been like two peas in a tub ever since. for the past fe

he was a combat soldier in the jungles of southeast asia during the vietnam war commissioned and , trained by the united states in it's efforts to combat communist insurgency in laos. they gathered intelligence, rescued downed u.s. crews, and protected u.s. navigational sites in laos all in secret. after its fall, the communists genocidal campaigns to punish or eliminate those allied with the u.s. major peter spent some time in a prison camp but managed to , escape and the u s resettled , him here in milwaukee. -- the u.s. resettled him here in milwaukee. >> it was not acknowledged until the president with the laos, and it was acknowledged that we had conducted activities and laos. >> and major peter phanhmahavong the veterans day parade with no benefits though he still does , not receive veterans benefits at age 76. in milwaukee, mike anderson, wisn 12 news. joyce: the veterans day parade starts tomorrow at 11:00 at north plankinton and west kilbourn in downtown milwaukee. it heads east down wells street ending at the war memorial. , just because winter is near it doesn't mean constructio

he was a combat soldier in the jungles of southeast asia during the vietnam war commissioned and , trained by the united states in it's efforts to combat communist insurgency in laos. rescued downed u.s. crews, and protected u.s. navigational sites in laos, alln secret. after its fall, the communists took control and launched genocidal campaigns to punish or eliminate those allied with the u.s. major peter spent some time in a prison camp but managed to , escape and the u s resettled , him here in milwaukee. >> president obama went over to laos september and for the first time the u.s. president acknowledged those activities in laos. >> and major peter phanhmahavong saturday, will march proudly in the veterans day parade with no regrets. though he still does not receive veterans benefits at age 76. in milwaukee, mike anderson, wisn 12 news. joyce: the veterans day parade starts tomorrow at 11:00 at north plankinton and west kilbourn downtown milwaukee. it heads east down wells street ending at the war memorial. kathy: the weather will certainly cooperate with tomorrow's parade. joyce: mark

he's worried about comments trump made about u-s committments in southeast asia. he wants the president-elect to reassure him that he will be "all in".. on japan's security alliance with america new video this morning.. shows the moment a north-miami man.. stabbed an i-hop employee.. last friday, 35- year old "gene hicks" attacked his server.. after claiming, that he had been poisoned... police say the server was taken to a nearby hospital.. and is now recovering at home.. hillsborough county deputies are searching for a vacuum thief this morning. this man stole from a target about 3 weeks ago... on 2 separate days. officials say he placed dyson vacuums inside a shopping cart... took the wire off the boxes... then headed out the door. once outside... the man loaded the vacuums into a truck. if you have any information... call the sheriff's office. small gestures ....can go a long way.. and one brandon man is embodying that by handing out money to complete strangers. he's doing it -- just to brighter... as fox 13's josh cascio reports -- for him... it's all about c

there was a time when if you had a financial crisis in southeast asia somewhere it had no impact on our markets. today it does. so the amount of informati administration has to deal with today and respond to much more rapidly than ever before, that makes it different. i was watching a documentary that -- during the bay of pigs crisis. jfk had about two weeks before anybody reported on it. imagine that. i think it's fair to say if something like that happens under the current president, they got to figure it out in response is. so these are the kinds of points that i shared with the president-elect. it was a free flowing and i think useful conversation. i hope it was. i tried to be as honest as i could about the things i think any president coming in needs to think about. probably the most important point that i made was that you staff, particularly your chief of staff, your national security advisor, your white house counsel, how you set up a process and a system to surface information, generate options for a president, understanding that ultimately the president is the final decision m

reporter: china's rv owners are beginning to stretch their wings, traveling as far as europe and southeast asia. rv manufacturers are also offering people a chance to experience their products without going anywhere. this facility provides camping trailers for short-term stays. guests pay about $70 a night. >> translator: do you want to buy an rv? >> translator: yes. we came here because my son loves cars. for him, this is far more exciting than staying in hotels. >> reporter: those dreams of life on the road are not shared by all the guests. some are here for the waterfront view and an unusual hotel experience. >> translator: we usually stay at a regular hotel. but we wanted to try an rv accommodation. >> translator: originally we focused on manufacturing recreational vehicles. now we want to win over customers with this new form of leisure facility too. >> reporter: at last count, 30,000 rvs had hit the road in china. and that's opened new fron tiers for the industry. >> that's the latest in business for this hour. here's another check on markets. >>> anime characters mingling with ghosts and

rishaad: let's go to our southeast asia correspondent.ondon route the is one bright spot for the airline. you're absolutely right. exceededndon route has expectations. we have the sea you -- ceo of malaysia airlines. thank you for being with us. you have talked about how the london route has done exceptionally well. what has contributed? >> i think the marketing. also, we have some super fares for people. about 450res at american dollars, and that is a great value. great food, comfortable seats. we are pushing really hard. was 45 percente back in may and we are not up to 60% and we hope to keep it there. we just hope to get the malaysia airlines brand out into the public. >> when you drop prices, yields tend to suffer, are you seeing lower yields? >> we are seeing low factor improvements of about 20% across the board. we just put in some new lie flat beds, and that is an -- is proving incredibly popular. we also had a lot of seats unsold so we're selling seats domestically at around $25 and that is proving very popular with the public, th

obama spent a lot of time in southeast asia.ackwill see a to bilateral relationships but not necessarily the allies. philippines and thailand are both wavering. it will be a new ballgame. do we should the u.s. -- have a world where the u.s. is retreating from their position on the global stage and china more than willing to step -- how dangerous is that? >> the great uncertainty around what trump really thinks is going to be there on day one if he wins. it will not reassure anybody in the region. rishaad: coming up, cash crunch. what is behind this chinese billionaire decision to cut his salary to $.15? ♪ haidi: up next, angie and dave will be around to update you on the big stories of the day. >> we are talking about china trade data, imports and exports all coming out. what does this mean for stabilization? is it in jeopardy? move, it will likely strengthen the dollar, weaken the yuan. what about a trump presidency for china? you can add trade shock to the list of risks for china. implications for a trump or clinton win. japan

which would be a big blow to american presence in southeast asia. the administration is pressing forward with the long standing alliance. >> we will continue to cooperate in efforts to maintain peace and prosperity in the asia pacific region. >> duterte not holding back in his criticism against united states wednesday, in a profanity ladened tirade, after the u.s. backtracked on the sale of 26,000 rifles to his country. duterte saying he will see what his military recommends. >> russia they are inviting us, china also. >> china is open, anything you want. >> this latest outburst comes days after he promised god, he said, he would stop cursing. kevin elway, fox news. >> be kevin kiermeyer has a golden glove, may have another one soon. lloyd you got to see this coming have been any closer or it would have gone in. did it cost the bolts? carson and i have seen some terrible ads attacking our mom it hurts because mom is cool. she is caring, she works hard. whenever something is not right mom is on it. trust us we know from experience. mom put her career

we have a very strong business in europe and southeast asia and will be doubling down in those regionsmentioned are often as a forthcoming ipo candidate, any idea when that will happen and if the new political environment changes that? us.iam: nothing changes for we are very happy as a private company. we are capital efficient so we don't need to rush to public market. patrick have spoken to and john, founders of the company, the bloomberg index calculates they are the youngest billionaires. from your perspective, what sets them apart as leaders? william: i think they've had from day one and extraordinary vision for strike. -- stripe. not just payments, but allowing entrepreneurs to build huge businesses online. it is that passion and longform -- long-term orientation. emily: thank you so much for joining us today. great to have you. bob greifeld has been running the show at nasdaq for the next -- last 13 years. while many in the business are cautious about president trump, he is more optimistic. he has to understand we are coming into the age of machine intelligence, machine learning

yesterday we took down some weightings in southeast asia equities.e think the politics of this is playing out in a way that's difficult. cohere's between eurozone countries is more important than cohesion between the united states and europe. this is a reason for us to be kau slus abocautious about this. when reagan was president, inflation was 14% and falling. we're at a low interest rate, low inflation rate and the dollar has been strong. this is a different starting point for all these financial assets. >> just 20 seconds left, around the world you're negative on emerging markets? >> i wouldn't say negative on emerging markets. we've taken a step back from some developed markets and some emerging markets. latin america came in cheap, it's a negative. >> steven, thank you very much. that's it for "worldwide exchange." thanks so much for joining us. have a lovely weekend. "squawk box" is next. >>> good morning. investors pouring record amounts of money into stocks following the election, just as predicted by all the pundits and experts. more on that

the target was a drug cartel from southeast asia, suspected of converting ten rental homes into grow operations that are hiding in plain sight. >> so the feeling is, this is organized crime here? >> absolutely. >> reporter: this is not a one or two-person operation? >> no. this is not a mom and pop, let's grow a little weed. center in new ? >>> it's tuesday, november 1st, 2016. just one week until the presidential election, this is the "cbs morning news." with the finish line in the presidential campaigns kick into high gear. for trump that means keeping the focus on clinton's e-mail scandal. >> if hillary is elected, she would be under protracted criminal investigation likely followed by the trial. of a sitting president. >> and for clinton, she's painting her opponent as destructive and dangerous. >> i am running against a man who says he doesn't understand

demand in southeast asia and ,ome good numbers for sales smartphone parts, manufacturing and equipmentts, and semiconductors. manus: let's talk about the ability of this to continue. .ook at dollar-yen can it continue? can this momentum continuing the trade numbers? >> that is a good question. the yen did react in a different way to what many people expected with the election of donald trump. a lot of people expected a flight to quality which would have strengthened the yen, but for the moment, the outlook for exporters in terms of the yen is quite good, but the other part is what it means for protectionism. in new yorkabe later this week to speak to donald trump to see where that is going to go. like the tpp is off, and that is bad news for abe, so we will have to see. it is good news of the moment, but the question about protectionism is still out there. talked about protectionism and express interest in talking free trade with donald trump, and of course that is the external picture for japan, but domestically, what does the picture look like? that is a little gloomy actually. when

knocking isour doors, ipo, i mean, it limitless right now, but we just want to focus on women and southeast asiar: 2017 will be you, what can be expected? thewo things, there is whole thing about startups and everything. for us, it is our year to concentrate on profitability. haslinda: how close are you to profitability? >> am i supposed to state that here? times have changed. you need to be profitable. the tools that we have, social commerce, reducing markets an spend. ok, one final, final question, the biggest lesson learned being an entrepreneur in asia? >> stick with your gut. day, they were worried about digital, digital, digital. inthe end of the day, we are asia, still traditional. you have to stick to your gut and say this is the way it is, understand your market, understand your people, and go with it. haslinda: thank you for your inside. there you have it, the energetic founder of david:. -- founder of orami. haidi: love that energy. next, millions in lost revenue. the cost for an all strain amusement park after the death of four visitors. ♪ rishaad: you are back with "bloomberg market

joni >> southeast asia and her many waterways have long held a certain fascination for the west and perhapsere more than thailand.

are making a big push outside of china to markets like taiwan and hong kong but also in southeast asiare he bought a platform. businessur aliexpress that sells products from chinese small businesses to more than 200 countries globally. that is also doing well. this is not about brands from over the world selling just to china, but chinese companies selling their products to consumers all over the world. emily: last time we spoke you told me the chinese economy is slowing but not slow. how does alibaba continue to buck the trend of a slowing chinese economy? single state last year, transactions grew by 60%. >> it is highly unlikely we will continue to grow at 60% each year because the number is becoming so large that it would be very difficult to do. but as you can see, we are at at least 30% plus higher than we were last year. bear in mind that this is against a 9% depreciation. that takes quite a lot of the dollar number. it would be more like 33% from a rmb standpoint. we are today penetrating about 10% of the chinese retail market online. there is huge potential growth in that marke

they bought a company in southeast asia that does e-commerce and that's one of the potential expansion them and they are moving aggressively into the cloud business following amazon possibly then using the servers they have to deliver crowd services. now they are trying to move those services in china and offer them to others and us this -- this will give us an insight into whether that high-margin business is succeeding. emily: i sat down with the alibaba president a couple of weeks ago and asked from the outside, you see gdp growth and greater concerns about the flatness of the chinese economy. it may never grow as fast as a once did. yet you have alibaba saying the chinese economy is still growing and spending money. what are we seeing on the ground and how are those things not at odds? peter: alibaba has been able to capitalize on that over its history and we will get more insight this quarter. the chinese economy is growing steadily even though the growth is slowing down a bit. also, the shift to online commerce in particular. we have november 11 singles day coming up which will g

elsewhere, mixed movement in southeast asia. 5.3%,a looking strong, up and a good rebound from new zealandy .6%. have a look at the stocks we are watching today, and once again looking back towards hong kong, 5.4% after evergrand boosted its holding. china listed shares are down by .2%. australia, it fell 27% yesterday. it is quite well supported today, up over 10%. a lot of analysts saying it is a good stock. of the top performers on the regional index today. doris --aker, below 45 $45 a barrel, and watching movement in the japanese yen, the dollar holding at a nine-month high. saudi arabia's energy minister is optimistic of tech will reach a deal to cut output when the cartel meets russia later friday. oil is extending its losses due to the strength of the dollar. what are you hearing ahead of this meeting? >> diplomacy and chatter is heating up ahead of that meeting less than two weeks from now. like you mentioned, saudi arabia is optimistic about a deal. iseria is saying the group close to consensus on capping output for at least six months, allrussia is confident in this, so positive

." >>> so defense budget in southeast asia and it is spending some of that cash in mesa. maybe not directly. but boeing has a huge facility. no word on how many choppers are part of this purchase but roiters is reporting that singapore will spend a billion dollars on its asian fleet. >>> body cam technology isn't just for safety it's also big business for scottsdale taser use the body cam and software in its police department. it's the 35 major city to do so. mesa and tuscan also use that technology. >>> samsung has another huge problem to tackle. the headquarters has been raided. prosecutors they're investigating over possible links to an abuse of power and scanda government. accused of funneling more than $3 million into a company owned by a friend of samsung's president. >>> back to our election day coverage. if you were hope to go avoid those lines at the polls today. unfortunately the time for early voting has passed. the scam is going around. can you believe this it's a fishing scam where crooks want to steal your personal information. >> people are being told to ca

our southeast asia correspondent is in singapore. what are they going to do about it?limited what they can do. we are seeing reaction this morning. almostow, shares found 2%, adding to the losses already. as to what it can do well, it can keep an eye on costs. economy, weak global global uncertainty, impact and travel demand, putting pressure on yields. you alluded to this, rising competition for the likes of , thee eastern carriers so-called big three. all sorts ofring comforts, including in-flight showers. what ever it takes to win business and first class passengers, they are doing it. you also have budget carriers chipping away in the economy class, so singapore feeling the heat from both ends. not surprising, it is struggling to revive profit growth. what it is also betting on is its flights to the u.s. those routes may drive profit going forward. is yield.sue singapore air has to get yield back up again. i want to show you how the shares are doing this year, down more than 10% year to date, underperforming the benchmark. , despite the gloom and doom, analysts rat

he was a combat soldier in the jungles of southeast asia durins the vietnam car. commissioned and trained by the united states in the efforts to combat communists the urgency. >> i remain, sometimes. reporter: they gathered intelligence, and rescued down u.s. crews and protected u.s. navigational sites all in secret. after its fall, the communist took control a those aligned with the u.s. major peter spent time in a prisoning camp, but managed to escape and the u.s. resettled him here in milwaukee. >> it was not acknowledged until president barack obama went to laos in september. reporter: and an saturday, peter will march in the regrets. but he doesn't receive veteran's benefits at the age of 76. mike anderson, wisn 12 news. thema: well, immediately after the parade, you are invited to a service at the war memorial. a new monument is being dedicated to honor gold star families. those with a family member in the armed force who died serving our country. wisn 12 news time right now, 7:08. later today harley davidson will hold a recruitment event for entry level wor

the kargt was a drug cartel from southeast asia, suspected of converting ten rental homes into grow operations that are hiding in plain sight. >> so the feeling is, this is organized crime here if >> absolutely. >> reporter: this is not a one or two-person operation? >> no. ( cheering ) ( grunts ) ( whistle tweets ) - ( buzzer sounds ) - ( man speaks over p.a. ) man: okay, what happened to your passing? you gotta support the puck. do i have to tell you this? - ( phone rings ) - now we're getting killed on the boards. - hello? - this is your territory, grimson. - do your job. - ( men chattering ) hello? hi, honey. what? now? all right. ? the itsy-bitsy spider ? - ? climbed up the water spout... ? - ( giggling ) ? down came the rain ? ? and washed the spider out ? ? out came the sun... ? - shh. - ? and dried up all the rain ? ? and the itsy-bitsy spider ? ? climbed up the spout again. ? music playing ) i love you too, sweetheart. - ( laughing ) - ? do you believe in magic ? ? in a young girl's heart? ? - hey, it's my girl. - ? how the music can free her ? ? whenever it starts? and it's magic...

college is looking to recruit more students from latin america, the middle east or southeast asia. schools are expecting numbers of chinese students to slow down due to a stagnant economy there. >>> a harvard square landmark could disappear. out of town news has been a staple for newsstand is about to change. cambridge is set to start a renovation of the area and plans to lease the spot to out of town news on a month by month basis starting august next year meaning the kiosk could close at any time. the lease is set to expire january 2019. >>> coming up more parents are using a certain form of discipline. >>> plus, the one trait in kindergarten that could predict your child's future success and it's probably not what you think. >>> and even getting in on the mannequin challenge. the adorable video that will make you smile this morning. . >>> welcome back. just about 6:25 right now. a growing trend pun children. the rate of physical punishment has fallen since the 1908s and time-outs have nearly doubled. >>> could skills in kindergarten predict a child's success later in life. resea

most of southeast asia is looking incredibly positive.r, this is on yen strength and also the nikkei rallied quite high during monday. hong kong is up by .25%. you can see it with a bit of a comeback in those property stocks and casino stocks also rallying, lifting hong kong for a second consecutive session. there is a little bit of a rally on the shanghai composite as well, though exports and imports missed the mark. currencies are also in focus today. south korea is now headed for its biggest gain in three weeks. this, as hillary clinton continues to have that lead. bit coming through out of safe haven assets. we will be live in london within the hour. emily: this is bloomberg technology. former microsoft ceo steve ballmer has opened up on his estranged relationship with bill gates for the first time. ballmer revealed it was his decision to move into smartphones after watching apple and android pass them by that led to the breakdown with his relationship with gates. take a listen. >> people like to focus on, bill was ceo or you were ceo