the city of taipei is stepping up effo rts the city of taipei is stepping up efforts to turn itself intoor start—up technology companies. one major challenge has been encouraging people to try to strike out on their own, and so officials in taipei are working hard to tackle a culture of playing it safe. we will take a look at whether that is working in our next instalment of asia's silicon valley's. —— valleys. -- valleys. so basically you are stepping into another world, where you can see sound. you can move it around, change the actual pitch. you are inside a song. it is going to really disrupt everything, so i pretty much just focus everything i do, and pretty much dropped all of my clients and started working in pr. -- vr. people have to be more optimistic, more willing to hear about start—ups, helping them to do the right things. we have to find a way to help them, to support them. it is the general approach of being too reserved and not rewarding people who take risks. and staying with tech, microsoft says not all us firms were necessarily benefit from donald trump's tax reforms, w

taipei.this the scooter waterfall, this is taiwan, nearly 14 million two wheelers, noisy, obnoxious and necessary modes of transport. taiwan is banning fossil fuel engines by 2035. sure, that is a long without but this is a pretty big head start, bounded by the form innovation chief, this is called the tesla of scooters. silent, car connected and just by panasonic. >> for about 10 years, the taiwan government has been ,ushing for electric scooters to turn this very dirty mode of transportation to clean transportation. this has the equivalent of go cc and is and is as i can 0-50, is for our in 4.5 seconds, let's give it a go. the top speed is 100 commoners for hour with it will 10 kilometer range. when the batteries are zapped, swap them out. 30,000 batteries are exchanged every day. >> what change the game was the way we feel the vehicle. in, they evaluate whether or not there is anything wrong with the vehicle, they talk to the server, the program a new battery. it takes minutes, not hours.

let's check on on another tech giant in taipei, it is expected to post weaker earnings.e are seeing the stock gain grounds ahead of that report. in-tied and with strong taipei, given apple's plan to extend its capital spending in the u.s. for the next five years, $30 billion worth, we are seeing that stock on the rise. for the, tdk is rising sixth day. the stock was upgraded. moversheck on some other losses afterhad to hitting a session high. the jobless rate picked up as more people look for work. the aussie trading at 7948 right there. in tokyo, the yen is steady. the nikkei 225 has climbed past 24,000 and the topix past 1900 and -- for the first time since 1991. this is exports and machinery leading the rice. --have seen debt enthusiasm the rise. we have seen that enthusiasm. investors have poured a record amount of cash into the global robotics aptly known as the boss etf. over half of its holdings are japanese stocks. line inhelping the white. the robo etf only has about a 20% allocation to japanese companies. the move is looking good for japanese she makers today.

yvonne: cindy laying there in taipei -- cindy there in taipei. wreck in shanghai will become one of the world's top five city economies within 20 years. what is driving the growth in just a few moments. this is bloomberg. ♪ yvonne: this is "daybreak asia." liu and newbetty york. the latest report from oxford economics says shanghai will replace paris in the top five of global city economies by 2035. asian cities will account from us half of global city activity, overtaking european and north american cities in just over a decade. it is not just shanghai, but other economies will be rising as well. joining us from hong kong is the oxford economic head of asia economics. exactly what is driving this growth in shanghai. anybody who has been following asia pretty closely could probably see this happening, right? so because shanghai is already a big city in terms of economic output. the government does not want the number of people to rise much more, but productivity in china and shanghai is still rising. further increasing productivity will lead shan

she will face the winner of the match between former champion kerber and her opponent from chinese taipeire we looking forward to an rod laver arena? so much we are looking forward to. i mentioned that clash with kerber, who is in outstanding form. she won two grand slams in 2016, and is back that form. roger federerfaces his first match during the day, an afternoon match during the day, an afternoon match against a hungarian player he trained with in the closed season. the evening session is novak djokovic finally getting another match on rod laver arena. it is tough to get past chung, and he knocked out zverev, and then pliskova, the only remaining quarter—finalist from last year, will be meeting her compatriot, strykova. a second—half blitz led by lionel messi and luis suarez helped barcelona thrash real betis, to extend their lead at the top of the la liga table to 11 points. it was actually a tight first half, with betis holding firm and even testing barca keeper marc—andre ter stegen. but, after ivan rakitic opened barca's scoring, the home side imploded as messi struck twice. suare

emily: stephen engle from taipei.this edition of the "best of bloomberg technology." tune in each day 5:00 p.m. in him new york, and remember all episodes are live streaming on twitter. check us out. that is all for now. this is bloomberg. ♪ >> coming up on "bloomberg best," the week and conversation from the world economic forum in davos. davos leaders in business, economics, politics and finance share their insight and outlook on critical global issues. >> you have markets in global high but we know that these things do not go in a straight line. >> it feels stupid to own cash in this kind of environment. >> i think it is one of the big crimes that we do not talk about. >> high-profile guest addre

emily: stephen engle from taipei.dition of the "best of bloomberg technology." tune in each day 5:00 p.m. in new york, and remember all episodes are live streaming on twitter. check us out. that is all for now. this is bloomberg. ♪ we use our phones and computers the same way these days. so why do we pay to have a phone connected when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get 5 lines of talk and text included at no extra cost. so all you pay for is data. choose by the gig or unlimited. and now, get a $200 prepaid card when you buy an iphone. it's a new kind of network designed to save you money. call, visit, or go to xfnitymobile.com. carol: welcome to "bloomberg businessweek." i'm carol massar. we are inside the magazine's headquarters in new york. this issue, the next generation of digital currency. america eyes energy independence, and an inside look at one of london's most secretive members clubs. all that ahead on "bloomb

the taiex and taipei down.e kospi is holding its ground, up by .2%. the regional index is falling .1ay, down by around percent. weakness coming through in the commodities space as well. off by 1% and the pickup and gold showing you investors are pushing into some of those more safe assets. soaringtailers in korea quite strongly on a plan to up their online business. it has been coming back after a big selloff yesterday. the index getting a solid boost. to the downside, weakness coming through for the energy players. i mentioned that coming through in korea. sparing a number of downgrades. when you look at the regional index as a whole, a little bit of a dipped out of the energy sector. that rallied very strongly yesterday, but oil is pairing the weekly gain. the i.t. sector as a whole is off by .4%. supported by the big names. you are seeing those key players in taiwan coming under pressure. david: you talked about some of these earnings coming through in south korea and obviously some of the your drags pulling

emily: stephen engle from taipei. edition of the "best of bloomberg technology." tune in each day 5:00 p.m. in new york, and remember all asset -- and remember all episodes are live streaming on twitter. check us out. that is all for now. this is bloomberg. ♪ retail. under pressure like never before. and its connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ nejra: the mifid squeeze, moody says europe's new regulations are damaging to asset managers. how credit negative is mifid ii? a deal favorable for the city of london. plus, trump one year on, the differences the president has made towards differences in the american financial sector and what is next. welcome to "bloomberg markets: rules

brother or no brother, what he needs is taipei -- type a. >> say, we're not really so different at all. wait a minute. i've got question. this, and live like -- >> it wasn't always that way. stage ofnce, at a history when the whites of northern europe word little better than savages, eastern cultures, flourishing and the great civilization of northern china had begun to develop. people contributed to civilization, reaching high levels at different times, each learning from the experience of the other. but there were certain basic

emily: stephen engle from taipei.dition of the "best of bloomberg technology." we will bring you all the latest of tech throughout the week. tune in each day 5:00 p.m. in new york, and remember all episodes are live streaming on twitter. check us out. that is all for now. this is bloomberg. ♪ >> brilliant ideas, powered by hand a motor. ♪ >> a south korean filmmaker, his films are poetic, sometimes dark and unsettling. marginalized and overlooked, his video work show deep themes like

biennale or the art world has taken notice our own exhibits all around the world in new york mexico and taipei just to name a few places. you sculptures initially created a stir among conservative valley residents to charge to make huge two unusual the mare and the police were sent rounds to talk to him. project if you compare yourself to the figures you see the person that's there and you refer to yourself when you see a madonna you see one kind of figure it's different again with a christ figure. and a naked figure birthing a child or even a man birthing a child you immediately relate not to yourself as for fish but it's not a direct comparison. it's about a story and i did. using a three d. scanner alan takes pictures of his models before distorting them on the computer sculpture in the digital age. the machine is computer controlled he cuts the material the way the artist is programmed. on and sell focuses on the surface of his sculptures this is watch on schools his idea. is in motion even for this machine almost distorts the figure into an animal by sounding certain areas so i get back s

biennale or the art world has taken notice our own exhibits all around the world in new york mexico and taipei just to name a few places. sculptures initially created a stir among conservative valley residents to charge to make it to a new jle the marin the police were sent rounds to talk to him. project if you compare yourself to the figures and you see the person that's there and you refer to yourself when you see a madonna you see one kind of figure it's different again with a christ figure and to make it figure birthing a child or even a man birthing a child you immediately relate that to yourself as a great. fish but it's not a direct comparison. it's about a story and i did. using a three d. scanner our own takes pictures of his models before distorting them on the computer sculpture in the digital age. the machine is computer controlled. he cuts the material the way the artist has programmed. on himself focuses on the surface of his skull just this is watch on sports his idea. in motion even for this machine almost distorts the figure into an animal are by sounding certain areas so i ge

we'll be taking a look at tech entrepreneurs in taipei who're going against a culture of playing it safeth international hot air balloon festival. the nine—day event draws hundreds of hot air balloons as well as pilots from around 20 countries. good morning. winter is set to return this week but nothing too serious and out of the ordinary. what was unusual were the temperatures over the weekend. colder air to come down from the north and it comes in initially behind this weather front. that is moving southwards and is bringing the rain across the southern half of the rain across the southern half of the uk. that rain moving to southern england and wales. scotland with wintry nurse. one to showers in northern hours. —— wintry. across england and wales, rain heavy over the hills. south, gusty winds with mild air. a bit of sunshine in the south—east and temperatures rising a few degrees higher in the morning ahead of the rain. the rain moving southward and ahead of the rain. the rain moving southwa rd and as ahead of the rain. the rain moving southward and as it does it becomes lighter and

embassy in taipei. you can see the changing relationship of something like that. this was from a consulate in england that eventually closed down. you can see changing national economies, political priorities with openings and closings of consulates as well. so, fantastic items. >> and we have some items here that the seal would be appropriate for. >> and we have a fantastic story about the owner of this passport. >> it is the second oldest passport we have in our collection, and unusual on many counts. he was a businessman who spent most of his time in new york city, but he traveled back and forth. what is really an trysting him, americans did not need passports to leave the country. it was not required until 1941. so we had to figure out why he would feel he really needed that. back then, they were for shorter-term. so, there was the expectation that you were returning. he was going to europe as his calling card shows. in the early 20th century, a job or was somebody who would buy things for people, by things in bulk. this is when you start to see wealthy people

held by the syrian democratic forces which have led by kurdish fighters speaking in ankara russia taipei taiwan coast to fifty thousand strong force.

biennale or the art world has taken notice on exhibits all around the world in new york mexico and taipei just to name a few places. he sculptures initially created a stir among conservative valley residents to charge to make huge to unusual the matter in the police were sent round to talk to him. for blankets if you compare yourself to the figures you see the person that's there and you refer to yourself when you see a madonna you see one kind of figure it's different again with a christ ficca and a naked figure birthing a child or even a man birthing a child you immediately relate not to your south of life. but it's not a direct comparison it's about a story and i did. in the digital age. the machine is computer controlled it cuts the material the way the artist has programmed. i want to sell focuses on the surface of his sculptures and this is one consequence he's. you know. he's in washington for christmas she almost distorts the figure into an animal life sounding certain areas so i get back something really human something very tender which. the upright position of his sculptures is

embassy in taipei. it is now u.s. embassy beijing. you can see the changing relationships with something like that. this was from a consulate in england that eventually closed down. you can see changing national economies, political priorities with openings and closings of consulates as well. so, fantastic items. >> yes. and we have some items here that the seals would be appropriate for. >> the great seal appears on passports. we have many in the collection. they tell fantastic stories. and we have a fantastic story about the owner of this passport. >> we do. it is the second oldest passport we have in our collection, and unusual on many counts. it was issued to this gentleman, samuel wallace, he was born in connecticut. he was a businessman who spent most of his time in new york city, but he traveled back and forth to bridgeport quite frequently. we know that because we have his diary and accounting book. what is really interesting about him is americans did not need passports to leave the country. it was not required until 1941. th

up.orders also picked ,ow to check in on some movers potentially checking in on taipei.pple suppliers and bart is anticipating iphones, not dampening enthusiasm for these stocks. a company said the range of its chips are vulnerable to hacking. extending a drop for a third day. soaring and jumping to a june 20 that -- 2008 hi. ae cryptocurrency rose to record on wednesday after adding over 130% over the last week. just can't get away from that digital currency. >> one of the worlds biggest chipmakers forced to defend itself. in first word news. intel devices exposed to android, chrome, and cloud operating systems. admitting a design exploit. the information making them vulnerable to hackers. intel says fixes are coming. the impact to business, microsoft says it has already issued. president trump has denounced a top strategy. they criticize the president. he was five, he lost not only his job but his mind. a storm barreling up the eastern seaboard. bomb cyclone. 1550 mobile, trailing average estimates by about half. minors are benefiting from low-power prices in some area

taiwan so looking warmer here than it has done in recent days temperatures back up to twenty four in taipei hong kong should be fine plenty sunshine we've seen some pretty cold weather in hanoi in recent days but temperatures not too bad twenty and little bit of brightness is possible as you move into tuesday not much change across the bulk of this region further towards the north we have got an area of rain developing across the bulk of indo-china weather conditions remain dry and gone seeing highs of thirty degrees into southeast asia here we've got some showers across southern parts of the philippines some heavy and persistent rain here at times also the circulation moving across in the south china sea another circulation developing across the malaysian peninsula so some very heavy rain continuing here we've seen some flooding in this region and that is like you continue to in the course of monday java in bali also likely see some showers heading into a choose day we've still got these areas of low pressure giving circulation towards southern parts of vietnam but this area across parts o

need taiwan's approval to open a new commercial air route close to the island follows a complaint by taipei about beijing's plans to launch a new flight path over the narrow strait that separates china and taiwan i want says it hasn't been consulted beijing claims taiwan is part of china but it's been ruled by its own government since one nine hundred forty nine. high court has sentenced pro-democracy activist josh along to prison for a second time for his role in protests in two thousand and fourteen he received a three month jail term for contempt of court his lawyers have asked judges not to send him to prison while the request for an appeal is being considered to be gopalan as in hong kong. now two of the sixteen being sentenced today are going to jail that's joshua wall and rafael wong both prominent leaders of the twenty fourteen pro-democracy protests the rest have been given suspended sentences or fines joshua long was defiance before going into courts think i will go all the way but they have i won't mind what we have to do is if we need to face prison sentence westfield going to f

southern parts of china and taiwan where the southerly flow the temperatures back over twenty five to taipei is looking right fairly warm for hong kong to twenty to twenty four but got this area of rain further towards the north and just so you had on through into wednesday that gradually clears away so bright conditions expected also looking fine across the bulk of indochina sunshine across vietnam laos into me i'm are going on there looking at highs of thirty two degrees heading down into southeastern parts of asia we've got showers across the philippines especially across more central areas and there is an area of low pressure circulation developing towards a southern parts of vietnam and eventually cambodia and still a threat of some more prolonged shower activity up through the late clincher which is in capsule that well here particularly now as we head through in towards wednesday looks to be largely drive both singapore and kuala lumpur and certainly cross a good part of thailand and cambodia weather conditions still expected to be dry at that stage across into south asia it doesn't l

where it's still a caching quite warm twenty four degrees in hong kong very pleasant twenty two in taipei all looking fine across indochina it should be bright in hanoi in vietnam and temperatures there into the low twenty's not a great deal of change as we head on into choose they still looking largely dry and bright for say the some parts of asia nothing particularly unusual here with most places seeing some showers but borneo faring quite well preaching should be largely dry i think for java bali's risk of some fairly heavy showers and a few showers and heading northward through them in a potential for india where the conditions largely looking fine twenty two the high in delhi. the controversial leader of islamic jihad for his cock he is one of the most one internists in history of israel you can't turn his and his alleged extra judicial killings by israeli intelligence and mossad the sense of being caught in the muscles of the outcome is only death if someone tried to. immediately superintelligent was shut down the borders to kill him in damascus at this time on al jazeera world. top

hit by a magnitude five point seven earthquake there were reports of buildings shaking in downtown taipei so metro lines had been stopped running to report so far and him in the world health organization is warning that an outbreak of a bacterial infection diphtheria is spreading quickly disease can cause breathing problems paralysis and even death from a seven hundred people have been infected forty eight have died in the past four months and the data are the worst hit of the one thousand regions affected there are some better news on the a front though the saudi led coalition says it will allow for cranes to begin operating at the port if the data will be used to offload food and medicine and as mohammed champion reports that can't come soon enough. amid the worst humanitarian crisis in the world what could be a sliver of hope these four to die no cranes which have just arrived at her data port in yemen funded by the united states agency for international development that will significantly increase the cost loading capacity here at the border to ease congestion and improve ultimately i

is stephening us now engle was spent all of last week in taipei. think the corn check heist situation the rails taiwan's hopes of becoming a cryptocurrency hub? >> it depends on who you ask whether this is good or bad. orcould enhance regulation oversight, but could also put a damper on the innovation that taiwan is trying to achieve. a younger breed of lawmaker trying to facilitate this revolution through that innovation that they passed in december, this whole story and japan blew up just as i was wrapping up my reporting, and i got a lot of messages. they are wondering how this will play out, because keep in mind, the cautionary tale in taiwan is what has happened in china, with the fraud there. japan is looked upon as the model for which to build a cryptocurrency hub in asia. emily: taiwan has a lot of advantages. there is a lot of processing power on the island. how can we see them exploit these advantages, what about bitcoin mining? >> mining is a question that was the latest results showed a big pop up in revenue that led to the bottom line

fromopeland joins me live taipei. what do we know?e key issue really is there are a few vulnerabilities in basically every intel chip made in the last decade, according to -- to the register. intel has admitted it does exist, but say they are not the only ones with these flaws. their big rival has said we have one of the flaws, but not all of the flaws. at this stage, there is a lot of uncertainty about what exactly -- how bad it is. essentially, the floor comes down to the way they design quicker.make them they preempt what processes it needs to know and by exploiting that process or design, in theory, a external hacker could get sensitive data such as a password. is pretty issa tarik and him skier, but someone with the right skills might be able to butore that -- obscure, someone with the right skills might be up to explore that. it can't happen is the other thing going forward. problem, thecute intel story. the broader problem is china, and how do they exploit this? is it an opening because we all know they are longer -- there long

a daily torrent in taipei of taiwan's nearly 14 million motorized scooters.ious albeit , necessary mode of transport. here's the thing -- taiwan wants to ban oil motors by 2021. -- 2025. that is a long way out, but one start up is getting a head start. this company is called by some the tesla scooters. stylish, cloud connected, and juiced by and panasonic rechargeable battery. >> for about 10 years, taiwan's government has been pushing for an electric scooter to turn this very dirty mode of transportation into cleaner transportation. throughout the 10 years, it was extremely unsuccessful until we came along. >> it has the equivalent of a 5k engine, and they say it can go zero to 50 kilometers an hour in just four to five seconds. top speed is 100 kilometers per hour with a 110 salon arrange. when the batteries are zapped, just swap them off at a kiosk. 30,000 batteries are exchanged every day. changed game ultimately was the way that we fueled the vehicle. pop in. in six seconds, they evaluate if there is anything wrong with the vehicle. talks to the server,

tom: one final topic, united hours, 4172, 10 minutes from taipei to san francisco.days toyour parents 37 come over on a freighter. this nation is torn asunder by immigration and you are a classic, taiwanese family -- >> chinese. tom: chinese, you are never coming on air again. >> american of chinese descent. debate, immigration what do you want out of this president, and what do you want out of republicans that did not take 37 days to get across the pacific? >> the media can help. in clarifying the debate. we are a nation of immigrants. all of us came from someplace else. the issue is not whether we welcome immigrants, the issue is, how do we deal with out a andus, illegal migration the children they have in this country? how do we be fair to them and help them become americans? the issue is legal versus illegal migration. tom: ken president trump with your guidance and others in the administration find a middle ground which find -- which brings the dreamers to america. >> the president has said he would like to find a path forward and he hopes congress will do so.

in taipei, we are seeing umc rising. the company delivered a fourth-quarter profit.aking a look at what is on the 225, u.s. japanese automation stocks sliding. leading the drop on the index following weaker revenue. a, and electric a are under pressure. on the other side of the spectrum, we have the biggest gainer on the nikkei 225. this, we are seeing the mood look more positive. samsung electronics is providing the biggest boost to the holdings, jumping over 5% amid speculation that it is looking to sell a stake in its power plants. earnings very much. profit,came to its costco also delivered in the last quarter, though we are seeing the pressure under stock. theite dollar weakness, yuan is gaining ground. the korean won rising despite the price contraction we got in the fourth quarter for korean gdp. reports of his retirement have proven premature. are they this time? the news with paul allen. pboc chairman has not been reselected to senior policymaking body. this comes amid signs he may step down from the head of the central bank. it is been in charge of the pboc

we went to have a look in taipei., a daily torrent of nearly 14 million motorized two wheelers. thing, taiwan is banning fossil fuel engine's and vehicles by 2035. a startup is getting a head start. at former innovation chief htc, it is called the tesla of scooters. panasoniced by swappable batteries. >> the government has been pushing for an electric scooter. we turn this dirty mode of transportation into clean transportation, but it was unsuccessful in we came along. >> it has the equivalent of a 125 engine. let's give it a go. top speed is 100 kilometers per hour with a 110 kilometers range. when the batteries are zapped, just swap them out at kiosks. >> what change the game ultimately was the way we fuel the vehicle. and in six seconds it will if i wait whether there is anything wrong with the vehicle, not to the server, minutes, hours. >> another company not wasting time turning the status quo on its head is profitable now and turns taiwan's abundance of manufacturing waste into some 1200 recycled materials, whet

there was a large apartment complex in taipei that seth off hundreds of earthquakes because of the weight of the building. as the technology improves and we dig deeper holes, deeper wells, diaper mines, we're settinging off more and more earthquakes and the issuings not only that we are doing that but that our infrastructure has not kept up. what we thought we knew, which is very little, is changing and we know even lest. the question becomes, what would we do with this? and over and over again when talk to seismologyis, when i talk to first responders, this was what they wanted me to kind of come and tell you now, right? is not that there's this doomsday scenario, that may or may have not be true, but as a nation, and as communities, as a household, there's so much we can do, and part of what i do in the book is outline the degree to which we can anticipate this risk. we have tried really hard through our history to predict earthquakes and as a nation we have invested tens of millions of dollars in earthquake prediction. we try to track snakes and birds and see if they would tell us. we

tsmc down by 2.3% in taipei.eweries in tokyo falling, projecting lower beer sales over the course of 2018. the manufacturing or component maker in korea up 5% on anticipation the company could benefit from a potential push by the south korean government for new nuclear plant deals. a little bit of a pickup from that stock. manus: juliette, thank you very much. the world bank has raised its global growth outlook after 2017 saw the fastest rate of expansion in six years. stock markets rebounded around the world. bloomberg asked some of the biggest hitters in las vegas what they saw as the biggest risk to global growth in 2018. perspective, we want to make sure that whether it is multilateral or bilateral discussions that happen between countries and territories, that there is a free flow of content, products, also data as well as people, and every time there is an issue or hindrance to stop that free flow, that is going to impact our business. trade to make sure free of various goods and services is on the forefron

it will also be exhibited in taipei and new york before heading to london for a sale on february 28thwe'll keep you posted on what it goes for >>> that's the news update this hour back downtown to "squawk alley." jon, back to you >> thank you, sue. >>> for continued coverage of this selloff here on wall street, let's get to our bob pisani on the floor. >> hello let's take a look at the s&p 500. we're off of the lows, 2820 is the lows after 10:00 eastern time but not by much, maybe eight points or so volume right now slightly on the heavy side i'd say we're 4-1 declining to advancing stocks put up the s&p 500 for me. there we go. not really changed that 4 to 1 declining to advancing stocks. take a look at the sectors we talked about that trade, the global growth trade. it's in retreat today. you see energy is weak all the kplcommodity stocks, se are weak industrials. this is the trade all week health care week for separate reason, of course, on that amazon-j.p. morgan-berkshire story. volume is heavier than normal. take a look at the s&p 500, etfs here all slightly heavier volume. this

we are seeing a mixed bag for apple suppliers in taipei. on the data front as well, australia posted a surprise trade deficit. checking in on the aussie, a session low on the back of that data. november exports were little changed from the previous month. we are seeing currency traders take that on the chin this morning. shares in sydney remain on course for a third day of gains. minas tracked the broad rights we have seen in commodity prices of late. the asx 200 is set to begin the year at eight year decade highs. when you take a look at the bigger picture, we are mostly seeing gains across the board. come in to the green after starting the year on a weaker footing. we do have japanese stocks continuing their early 2018 rise. helped along by- the tech rebound not only in tokyo, but around the world. blue on thisne in chart, could be set for a two day advance. not a bad start for japan this year. rishaad: thanks for that. it has been called the bomb, these weather conditions. but get to the first word news headlines. paul allen. paul. paul:

in taipei, one company is largand to buy, precision., a drag aftert guidance missed estimates. the nikkei 225 and the kospi --topix under pressure today. rishaad: let's get to first word news with paul allen. expects theerberg time users spend on facebook to fall as he announces a major change in how the social network is built. he said the news feed will prioritize posts from friends and family come at meaning users will see fewer posts from businesses and brands. mark zuckerberg once facebook to focus on meaningful interaction. president trump to extend waivers on sanctions against iran thursday. he says he is preparing new sanctions against iran for ballistic missile, human rights, and cyber violations. hezbollah may also be targeted. urgingons are jointly the u.s. not to abandon the wider accord. is a significant diplomatic accomplishment, a way of stopping iran from acquiring nuclear weapons. with this compliance agreement according to the international atomic energy authority, and that is important for us. >> russian president vla

cappa next place is just the way of chinese taipei you added another thing i did prior to her australian open win list she beat number twenty six the agony ashgabat ones go was wild number one simona halep outlasted her opponent in an epic match the top seed was up against american lauren davis has ranked seventy six in the world would the romanian winning the deciding set fifteen thirteen in a match that lasted nearly four hours twenty six year old khalid is going for her first grand slam title i gave everything very head today and i actually am really proud that i could stay there and winning was not busy at all she played great. roger federer is moving closer to successfully defending his title in melbourne this with speed rashad got a skate to advance to the fourth round federer plays martin fisher that next i was hoping i could play at that level so. i'm very happy that i was able to rise to a level that i needed to beat richard. you know i. was tough. score shows it as well i could've done it maybe a bit faster the same time happy to have done it the way it happened so. i was pleas

in're seeing weakness taipei. a lot of concern about the outlook for some companies.e japan moving into blockchain technology and unveiling plans for a digital currency venture. soaring in tokyo. we talked about the weakness in earnings in south korea. typically from the hyundai group. down by 8.2% in the session. thank you very much. several eu governments are said to be open to extend the brexit transition beyond the december 2020 deadline. that's good news for the british prime minister, who is been trying to garner support. may spoke to bloomberg's editor in chief in davos. she isted by asking if prepared to trade on a redline to gain more access to the single market. prime minister may: the city of london is obviously hugely important for the u.k. that it's also hugely important for a global financial venture, the european union, and the rest of the world. i'm positive about the future for the rest -- city of london. the city has developed over a number of years. it's a whole ecosystem around financial services. it's important. >> would you be prepared to do what

taipei climbing. is a lot of upside, even if we see demand for iphone suppliers wayne.rency or components of that. china resources is a story across property makers in hong kong, after record home sales in hong kong. the dubious title of the most expensive real estate there. sdi, providers and korea under pressure today on concerns that iphone x sales may lead companies to reduce orders in the first half of 2018. a mixed picture on the tech front, but a pretty good rally on asian markets to rather -- round out the trading week. anna: amazing when you see bitcoin mentioned in various earnings reports from asia. thank you, juliette saly from singapore. let's turn to our top story in the united states. the house has passed a spending bill to avoid a government shutdown. the bill would keep the government open through february 16, while all sides negotiate on longer-term funding for defense and domestic program. but democrats in the senate say they have the votes to block the measure. a want republicans and donald trump to include protection for young immigrants. current fu

taiwan so looking warmer here than it has done in recent days temperatures back up to twenty four in taipei hong kong should be fine plenty sunshine we've seen some pretty cold weather in hanoi in recent days but temperatures not too bad twenty and little bit of brightness is possible as you move into tuesday if not much change across the bulk of this region further towards the north we have got an area of rain developing across the bulk of indo-china weather conditions remain dry and gone soon highs of thirty degrees into southeast asia here we've got some showers across southern parts of the philippines some heavy and persistent rain here at times also the circulation moving across in the south china sea another circulation developing across the peninsula so some very heavy rain continuing here we've seen some flooding in this region and that is like you continue to in the course of monday java valley also likely see some showers heading into a choose day we've still got these areas of low pressure give us circulation towards southern parts of vietnam but this area across parts of the lak

southern parts of china and taiwan where the southerly flow the temperatures back up to twenty five to taipei it's looking fairly warm for hong kong to twenty to twenty four but got this area of rain further towards the north and as you head on through into wednesday that gradually clears away so bright conditions expected also looking fine across the bulk of indochina plenty of sunshine across vietnam laos into miramar going on there looking at highs of thirty two degrees heading down into southeastern parts of asia we've got hours across the philippines especially across more central areas and there is an area of low pressure circulation developing towards a southern parts of vietnam and eventually cambodia and still a threat of some more prolonged shower activity up through the late clincher which is in capsule that well here particularly now as we head through in towards wednesday looks to be largely drive both singapore and kuala lumpur and certainly cross a good part of thailand and cambodia weather conditions still expected to be dry at that stage across into doesn't look too bad you s

coo joins uswan's live from the taipei bureau here this morning. why taiwan and why now? important trend right now, mainly because there are three things. , and thee big data second thing is computing power with all the cloud infrastructure. it's a lot more accessible for people with the great computing power. microsoft has been doing ai for a long time, right? almost 30 years ago when bill gates started, he had a mission computer read, speak, or right? the science technology engineering math in taiwan is very good. that is one aspect of it. it aligns our vision very well, which is to combine ui with a vertical industries. -- go ahead. >> go ahead. , onlly, i was going to say we see a lotside, of transformation right now in digital transformation. and according to the survey, 40% of the people surveyed realized that ai will be the key aspect of their digital transformation. and we do have a sense of urgency from our discussion this year. >> for years, we have seen taiwan struggle with development and innovation whether it is with ai or lost ground with china. obviously ha

despite exports coming in at less than forecasted your let's take a closer look at movers in taipei. company has said its operations meet apple supply of conduct. sliding on nanya tech. seeing some uncertainties on the second half. on crypto-linked stocks in asia. they are sliding on fears of regulatory crackdown. it lost nearly 16% in seoul. automation has been a significant theme in the region. fresh records on tuesday, but it is a mixed bag. a fresh high on reports that s k telecom is going to speed up. being upgraded to buy. downgrade for fans do -- four fanuc. is snapping a two date rise. asia stock are looking mixed. the regional index pullback from recent record highs. /10%euro up about 4 building on a six-day game. the aussie declining 4/10 of a percent. haidi: lots of bullish sentiment behind the aussie at the moment. let's get you caught up to date with the first word news. secretary of state rex tillerson says and intercontinental missile launched was seen by passengers on a commercial flight from differences go to hong kong. tillerson says nine other flights were in the s