sridhar: this is a wild saga. a tiff that started between two neighbors and became an international banking scandal. alix: unrelated to the banking. sridhar: completely unrelated. he left, there were spies chasing him in the shadows of the swiss alps. that was one case. that was embarrassing. before you know it, just a few months later, we are talking about another spying claim, and another. we have three claims. so they come out and blame the fired, buto, who was where does the buck stop? for now, credit suisse seems to say it stops short of the ceos office come but they better hope there are no more claims coming out of the woodwork. alix: totally. which is worse, that you have all of this going on and your ceo and the board doesn't know, or that there is tacit approval that this is accepted? just go do your thing, your trusted. i don't know what is worse at this point. sridhar: there is no good answer here. whichever way you look, this is just a bad look. havetutions and investors governance.g on they have been

sridhar: former chief of staff to president obama.in the meantime, some banks are hiring, and they are in china. , wheres, research people they are on a hiring spree. sridhar: it is fascinating, purely because it goes against the grain of what we are seeing everywhere else. the growth in the chinese capital market, we have to assume it is very early stages. they are keen on opening up by next year to make greater inroads into the chinese economy. it is interesting how they are seeing growth there, but look at the factors responsible for it. you are seeing a lot of foreign fund inflows. you are seeing a growth in stock issuance. . they are also keen on creating invest in banks that can possibly in the years ahead rival some of the global players, and that would be very interesting to track. david: you make a very interesting point, be careful what you wish for. we wanted those capital markets to open in china. if they open up, the chinese banks may actually dominate them. sridhar: well, maybe not. right now they have about 130 securiti

work together to bring the dragon to life metal workers carpenters artists and software programmers sridharwas 1st i made a sketch of the sculpture used to complete this wooden model so i simply served as the prototype for the dragon of calais. then i had to be rendered digital at. the dragon scan this made up of some 200 individually crafted wooden components. into. the last of the blue is a bit more vivid than this one feel. the symbol of the artistic ensemble is a giant elephant regularly takes a stroll around la machines exhibition grounds and no. visitors there can see and experience it along with several other mobile creatures that have been created over the past 20 years. in the. bakken kalai it takes a crew of 17 people to execute and synchronize the dragons movements. because if you stand line all over the. lookout never let up. farther it was ok with some of those the job is perfect. it's a pilot sits inside the head of controls the heads movements and the dragon facial expressions. are 2 more people who control the tongue the eyes and ears back as pierre is responsible for specia

sridhar: they have obviously got out and sold non-core assets.n't want to focus on everything that was the brainchild of the imagination. go big, go grand. let's forget about it. let's focus on the core business which is bring in some rent and make sure we are paying less to host people in those facilities. that real estate arbitrage is what this was all about. they have a lot of cash that allows them to go ahead with the leases they are committed to carry out. make sure they are continuing to serve their clients and in a year hope investors start getting attracted to the wework story all over again. shery: thank you, our finance reporter with the latest. let's turn now back to hong kong for another check of the markets. sophie: checking in on some movers in sydney. rising as much as 3% and now moving to the downside peter after it agree to an $800 million deal to buy a 50% stake in a mine in western australia. a share response to billy for operating that mine. gaining 1.6% this morning. had a contingent in the alaska project and expects third-pa

sridhar: a great story today talks about the u.s.ent grade market and how a lot of foreign investors are flooding into this market. there was a great quote from the bank of america strategist who said this is the only game in town. where in thetime past year, we have seen more than 90 interest rate cuts across global central banks. when interest rates are down and you have something in the u.s. , thatment-grade markets seems like a good bet. how have they performed this year? the market give you 15% returns, the best performance in a decade. don't expect that to continue. you don't get into the u.s. investment-grade market for the 15% return. but still, it is promising. if the same trends continue next year and you have negative yielding assets elsewhere, you can expect at least high single digit returns. david: a positive number is better than a negative number in general. [laughter] david: many thanks to bloomberg's sri natarajan. many are being criticized for attending a music festival in saudi arabia. stars were on hand for the b