instead of future netflix tencent video. and your crew are popular platforms for short videos that last around 15 seconds are flooded with $800000000.00 visitors each month. the current market leader is 5 dance with a program. outside of china we know it as tech talk. another innovation to video streaming is on the platform user comments are displayed live as the video place. things are trending more and more towards live streaming the market leader who counts 25000000 active users every month and the company takes uses supervision very seriously with the help of ai more than 1000 schulman contemn men it does monitor streams for violations they look for pornography depictions of violence and calls to violence but smoking on screen or showing. could also get your account blocked the tiny state has started much earlier than u.s. based and european platforms to develop a vast institutional infrastructure in order to control and censor content in the west this is called clinton want to ration in china they call it content manage

branches from e-commerce to film production is now making a big push into the global music industry tencent has agreed to purchase 10 percent of universal music group from its parent company the vendee for $3400000000.00 now this deal of value of g. over $30000000000.00 and while it's a big one for investors shareholders and industry insiders they say that the biggest winner here in the long term is tencent the global music industry has been on an upward trajectory thanks to the adoption of streaming growing almost 10 percent in 2018 and driving over $19000000000.00 in revenue and now smartphone adoption continues to grow in emerging territories like latin america and india the pool of global music consumers is poised to triple within the next 5 years 10 cents investment into us will also allow the company to start creating new ip by packaging you have a massive roster of artists that includes taylor swift lady gaga and more with its own enormous suite of games and entertainment apps this could be a big win for 10 cents securing its future growth with its stock popping over 1.5 percent on t

not to mention tencent. on year holidays are coming friday, which is why this is concerning. will have thousands of chinese people going overseas. tencent, who ann dowd red packets -- who hands out red packets, they will stop doing that in person. joe: the story of china's economy, it has been weak for a while. there have been hopes the try deal would help. we have seen the strengthening of the currency. how much to the measures being taken to address this threaten that recovery? >> we can compared to what 2003.ed in we have see the chinese economy stabilize. now, factoring the sars outbreak, 17 years ago, the chinese economy was different. this is what is concerning. we are talking about the impact on the global markets during sars with commodity prices falling. it is the structure of the chinese economy. back then, it third of the share of the economy was a small. now you are talking about china being led by consumption, terrorism, leisure. if you have this virus and fear of the spread of this virus, that can hit the economy. even if it is contained within china, the chines

paul: we are watching tencent .hares in hong kong it ends months of talks with a deal that values the's biggest music company at $30 billion. tencent and its partners have an option to increase their stakes to as much as 20% of the same valuation to january 15 next year. sophie: commodities traders closely watching the price of platinum. bringing 2019 investments to $850 million. her. biggest annual paul: thanks very much for that. let's get a check on how we are trading here in australia right now. we have markets returning to 2020, higher by .1% right now. we are about 30 minutes into the trading day here. bit of a mixed picture sector wise. information technology performing quite well, but the heavyweight financials and both a little weaker. the aussie dollar about $.70. it has been a wild since we have been there. holding steady for now, some suspect maybe this rally has been a bit overcooked. plenty more to come on "daybreak asia." stay with us. this is bloomberg. ♪ sophie: this is "daybreak asia." i'm sophie kamaruddin in hong kong. paul: i'm paul allen in sydney. let's get you

tencent shares rise after it led a consortium to buy a stake of universal music group.s ends talks for a deal that values the company at 30 billion dollars. tencent and partners offered to increase their stake to up to 20% at the same valuation until january 15 next year. in macau, the industry slumping, gaming revenue slipping for a third month in december, marking the gambling hub's first decline since 2015. gaming revenue was less than $3 billion for the month, down almost 14% from the year before. struggled to learn high rollers -- lure high rollers. selena: let's take a look at mrr, the movers in the asia-pacific gaining about 0.2%, the biggest gainer is a company that manufactures products after a new year's eve report that china will have significant -- certificates for genetically modified corn. one of them will be developed by this company. they stand to gain from this policy. i want to bring up this company, their projections missed estimates. this is the first time they since 2015.ates this raises concerns that the economic slowdown is spreading to the resili

so a lot of companies like tabai, tencent gaming can trace a lot of their success to the momentum generated during that period where people were essentially cordoned off, restricted to their homes, didn't have a lot to do, so net result, were driving into alternative sources of goods. so things like e-commerce, delivery food, gaming, and so. we're seeing actually a pop up of that as well during this period. so, for instance, companies like tencent and bite dance right now have been launching and actively promoting remote coworking applications along the lines of an american slack. people like bite dance are also promoting use of long form video and long form content creation, a long the lines of a netflix. so i think as people, siloed themselves at home, rely on food delivery companies, companies like matwan will benefit during this period and it might lead to greater, you know, innovation within the chinese technology space. so, it is an interesting space to watch. connell: very interesting perspective and, analysis of all of that, with everybody else thinking about the macrofactors. ben,

tencent has broad business. they're salting money everywhere, whether gaming or retail. we're looking here at the united states stock market where we are about to close for the dow jones industrials for 29,000. would you still hold -- here we are. looks like a record once again. on top of it all you like u.s., quickly? >> absolutely. thank unitedhealthcare for 29,000 on the dow. [closing bell rings] >> i think you should not not own stocks at this level. liz: thank you, jamie cox. live from the white house. 29,024. the dow did it. melissa: signed, sealed, delivered. it is deal day on wall street. the deal wall street was waiting for. investors celebrate. all three major averages hit all-time highs as president trump signs phase one trade deal with china. dow looks like it will close, there you go, above 29,000. 29,033. it is that milestone first time ever, marking new record close. i'm melissa francis. what a day. connell: not bad at all. i'm connell mcshane. extra cheering downtown as the bell was ringing. welcome to "after the bell." nasdaq up as well. record territory

and join the revolution in 2014 it affected from the revolution of government and sparta to cuba tencent 3 months and has leapt away from a deal that was given and doesn't 16 again in 2000 might think i think of the 51 years that it was thinking as well trust is a very very dangerous word to use when someone is going to check your history and if a ceasefire agreement is reached this weekend here in berlin let me let's look at it from optimists viewpoint here what is that going to mean for the situation on the ground in libya. well it's certainly mean to go shoot this later is going to have that it's going. to step down and we have to look at what kind of was he has yes groups that have been fighting in tripoli well the mentalist so there has to be applied to across the world in kind of on the ground locally between the groups like in tripoli and in the. course that's going to be crucial if we want this kind of cease fire. and then the city and we also have to look at the fact. you egypt is also very aggressive whether it's diplomatic leverage if you are in that room and which is what he'

the huge corporations on the front line, alibaba, google, ford, tesla, tencent and more are now battlinggorithms and create the first truly autonomous road vehicle. stephen beckett went to guangzhou to visit one of the global leaders in autonomous vehicles to find out more. this is guangzhou in the south of china. about 75 miles upriver from hong kong, it is one of china's biggest and most developed cities. home to around a0 million people, and now it is one of a handful of cities in china running large—scale trails of self—driving cars on public streets. this is pony.ai. you may not have heard of them, but here their cars have become a common sight in the area around their head office. over the last year they have been running an autonomous taxi service in the city. at the moment, the trial is only open to selected family and friends of pony.ai employees. pretty good deal though if you can get access, as it is completely free. with just a few taps on an app, an autonomous taxi will come straight to you. so this autonomous taxi service is operating all around the district of nansha, in a

the biggest companies like tencent and alibaba, as you mentioned people are spending more time on their and play noto games, and people do eat out, they may order food for online delivery. sectorsitional retail and entertainment sector, tourism, may be hit. you have to differentiate what sectors may benefit and which may suffer. one of our colleagues was talking about the stimulus likely to be put in as a response. what stimulus would be appropriate? this is to compensate for loss of earnings because of a change in retail spending patterns. what would be the correct way to put stimulus into the economy? the traditional retail sector, tourism, transport, and looking back 17 years ago, the government has provided positive , which may beres the case as well. they may provide subsidies, they may waive taxes these companies have to pay. these measures will be targeted. happenr on year will not anymore. think abouto you the possibility of a worst-case scenario? is that a concern that you think the markets have not priced in? couldks like this virus stay undetected for a couple of weeks and be

alibaba and tencent definitely give china some exposure. the dollar stalled out a little bit over the past couple of months. emerging markets always seem to in thatter sentiment versus a strong dollar environment. in general, big mega cap tech, extraordinary. apple, $1.3 trillion. alec: i don't know about you, but i spend more money with them every day. theseoes this mean all of dreams and rotations away might be premature? alec: what is the hallmark of our time? companies are getting more successful. they are harvesting more data. to help those companies monetize it. those companies will be selling ads back to those people based on what they have been telling them. they are realizing there is no reason -- why is a trillion dollars a ceiling on the evaluation of some of these companies? world's like all of the aggregate data is being allocated in about 10 or 20 companies. katie, if youe: are trying to diversify or be a little bit more broad in your outlook, if you are an asset manager come are you brave enough to say, i don't need apples. i

alibaba and tencent are ranked as the second and third best environmental citizens in research by greenpeaceause attention to the sector's ballooning energy consumption. majoritye says the lack of public disclosure removing to -- taiwanese election nears, joseph wu says china has become more text sadly in its alleged interference. >> we saw that china is using modern technology. the social media platforms to discussionsrupt our on the internet either through facebook or twitter or even a popular online chat mechanism called line. the fake new situation seems to be serious. haidi: let's discuss more on china's disinformation campaign. i want to bring in stephen engle who is live in taipei today. what are we seeing? tephen: we are seeing at least from the dpp, which is the incumbent ruling party here that there has been increased interference by china in the division in sew society and control the narrative because there are divisive camps. different visions for the future of hong kong. one is more pro status quote. the other one, a longtime ruling party, but now on the outside trying to get b

shery: tencent, toyota, all extending the break until next week.ah: really quickly, what data point can we look to that might show the first results? shery: we are now looking at those statements coming from the companies. also the travel airlines now. romaine: our thanks to shery ahn. from new york, this is bloomberg. ♪ i am mark crumpton with bloomberg's first word news. senators spent two days questioning president trump's defense team and prosecutors, democrats or make a final plea to at least a few to call witnesses in the impeachment trial. a showdown vote at the end of the week on whether to call more witnesses is up for grabs. the lead house impeachment manager adam schiff told senators that they need to hear from former national security advisor john bolton sooner rather than later. from hised to hear former national security advisor. don't wait for the book. when wait until march 17 it is in black and white, to find out the answer to your question. senate majority leader mitch mcconnell is working behind the scenes. defeat of that motion

. >> tencent and its partners are seeking a $3.4 billion loan to fund their purchase of universal musicey agreed in december to buy a 10% stake. bank of america, bank of china just bc and commercial bank of china as well as morgan stanley are expected to provide the funding. the results of 53 -- 5g auctions in taiwan are blowing away have exceededthey $3.3 billion in a country where consumers are the biggest of data in asia. tictoc whenmp for it comes to politicians, only this time it's dealing with impersonators. the app does not have a robust identity verification system to certify accounts and that has led to multiple accounts of as it facesg national security scrutiny. those of the top stories we are watching. taylor: samsung's preliminary fourth-quarter earnings, analysts estimate a profit decline for the world's second-largest chipmaker. the company shares have surged 44% over the past year as the market continues to look for concrete signs of a turnaround in the global memory chip industry. what are you looking for in these earnings? samsung dominates the andstry both dram memory

it is china's equivalent to craigslist and is backed by tencent. those the top global tech stories.r: the u.s. government says tiktok is a national security risk, focusing on how the popular viral video app could allow the chinese government to access people's data. securityts are major flaws that would give hackers plenty of ways to get users information. tiktok says it has patched the fall. 's headjoined by tiktok of engineering, jeff schwartz. your report was alarming, page after page getting more nervous. what are some of the major security flaws you found? two allowed a bad actor, a malicious user to modify urls for login that would result in code being run on the victims' devices. based on that code being run, account takeover activity is capable to be leveraged against onceictim's device, and that account is taken over, there is modification of videos, deleting videos, marking videos that are private as public, and a subsequent vulnerability that allows for api access into the personal data of the account owner, that was being maintained by tiktok. >> what are the weaknesses

tencent is one of those that specialize in online gaming. starbucks shut half stores here.shutting one store. as for production, apple supplier foxconn said it has measures in place to meet all global manufacturing despite of the outbreak apple has a factory in wuhan and is considered one of the top five firms exporting to the united states from there apple said overnight it has alternatives even though it has some manufacturers in wuhan. >> we have been talking about manufacturing in china relying on it so much in wuhan and other regions. have we gotten any information about the manufacturing sector they want to keep employees safe >> we have been talking to manufacturers to see what they plan to do it is a mixed bag. some are really concerned about what they are seeing because they need the workers to return to production lines. it is different from services or tech companies where you can work remotely. other manufacturers have said because their order books don't usually fill up until the end of february, they are not too concerned as of right now. the situation is chan

a pushmpany preparing into a major gaming market, dominated by tencent for at least a decade.able startup created a gaming division and has brought up gaming studios and title does division rights. it has launched a hiring campaign, building a team that is more than 1000 strong. jpmorgan is buying offices of bnp in paris. fourthlding is in the sector. jp morgan has space in the area and it is not clear if the deal means it will be moving employees from london. jamie dimon said a hard split from the e.u. would be a disaster. next hour. in the we will be joined by a senior economist for emerging asia. daybreak asia is next. this is bloomberg. ♪ haidi: good morning. i am haidi stroud-watts in sydney. shery: japan and south korea open in an hour. i am shery and. -- ahn. sophie: i am sophie kamaruddin. welcome to daybreak asia. haidi: our top stories, president trump going to davos as his impeachment trial looms. he accuses the democrats of trying to reverse the 2016 electi

certainly people are more wary of we chat, a tencent product.le in asia are using things like line, whatsapp, facebook messenger. i get the irony that goes into using facebook over we checked, -- wechat, but we are cognizant of the differences to screen these kinds of apps, and making decisions accordingly. taylor: your perspective from the u.s.? >> this is a company under a lot of scrutiny right now. they are looking at the deal that resulted in the creation of this big, global, very popular site called tictoc. if they were to come out and say to bytedance, that somehow you need to ring fence or divest of this business, like we saw happen with grindr. is it a threat to the security of the people who use it? a lot of law enforcement are on tictoc making fun videos. a lot of kids are using it. they are looking at it very seriously. the last thing bytedance wants to hear from the u.s. government is you have to separate it. they want to make it look like an american company. taylor: finally, pushing forward to next week. we will have a lot of inter

alibaba and tencent are ranked as china's second and third best environmental citizens and researchednpeace. the report ranks 15 of china's biggest text -- tech firms and calls attention to the ballooning energy consumption. the winner is a little-known unicorn in waiting backed by a company. greenpeace says the majority lack in public disclosure and progress in moving to renewable energy sources. those are the top global tech stories we are watching. electione taiwanese says china has become more tech savvy in its alleged interference of the election. >> to getting from last year, we saw china is using modern technology. in short, it is the social media interrupt intry to our discussions on the internet either through facebook or an online even mechanism. the fake news situation seems to be quite serious. haidi: let's discuss more on china's disinformation campaign. i want to bring in stephen who is live today. he spoke with the taiwanese foreign minister. what are we seeing? we are seeing at least from the dpp which is the incumbent ruling party here, that there has been increased i

alibaba and tencent. chinese consumption will continue. we think the growth compensates for that. disagree that now is not the time -- patrick: i would not be shorting. nejra: thank you so much for joining me. great to have you with us for the hour as our guest host. we have been following the story of the retaliation by iran in terms of a missile attack on u.s. iraqi basis. ataliation for the killing of general. further commentary from around the globe. a foreign secretary says, we condemn the attack on iraqi bases hosting the coalition. he has urged iran not to repeat dangerous attacks. iran has hinted that this might be the end of escalation. even though we have seen risk assets selloff, global equities and futures have been paring for those losses. oil spiking. that's it for lumber daybreak europe. the european open will pick up next with all the market reaction. this is bloomberg. ♪ >> welcome to bloomberg markets: european open. we are live from our european headquarters in london. i am anna edwards alongside matt miller. the worstmarket say is over. futures and stocks, flow

that is tencent. >> let's get you in conversation as well. the indian markets just opened about 15 minutes ago. what is the feedback then from traders and investors? >> well, we were expecting more volatility considering the kind of pressure that we have seen over the past couple of days with the rise in the volatility index near a three-month high but that has come off. possibly a lot of shots being taken over the previous couple f days has been covered. for now, the -- advancing .6%. aided by banks. the rupee continues to be stable. 171.2. we continue to watch whether we will see the strength stay. considering we have heading into a volatile period. >> thank you very much for that. let's check in on the first word headlines from around the world. a magnitude 7.7 earthquake struck south of cuba. evacuation warnings across the caribbean. the quake struck just after 2:00 p.m. eastern between cuba and jamaica. over the last 100 years, only five have occurred within 400 kilometers of today's epicenter. president trump has announced a plan for mi

for example, tencent just announced it's asking its employees to work from home until february 7th there's one district in -- one city close to shanghai that made an announcement saying that none of its companies could come back to work until february 8th that's the kind of thing that we're watching here to see just how big an impact this is going to have on the economy. >> certainly you mentioned tech there. tech is one of the sectors in europe as well coming under pressure it's not just the consumer luxury brands but, of course, the supply chain and that translates to the tech sector here in europe thank you. joining us live from beijing with the latest. let's take a look at how some of the chinese specific indices are faring we've seen offshore yuan is actually about 8% weaker on the session versus the u.s. dollar back at around a three-week low. remember, the currency did come back in again after that phase one and into the phase one signing of that trade deal so the currency did appreciate. but, of course, with the weakness that we're seeing in equity markets and commodity markets mor

and some companies are making decisions like tencent said they asked their workers to stay at home until february 7th. sea trip.com said it told its workers not to come back to work until february 10th. so we're starting to see what could be a longer-term impact on the economy as well as global business, brian. >> yunice, you're our colleague and friends and we want to make sure you're okay what was your weekend like how do you -- obviously you're working and we do appreciate that, but what is your day like? if you need something, food, something to drink is anybody going out or are you just literally staying in your apartment? >> well, it's a little bit of both people are going out i myself am going out. but you do feel quite nervous about it so everybody you see now is wearing a mask, and then when you go to the grocery store, it's really, really quiet. people are getting supplies but i know -- there are plenty of other people who are ordering their food or their water online and are so paranoid about the possible spread of disease and germs that they're asking the couriers to just lea

. >> eunice just said it, there is a move towards consumers it was in alibaba, tencent all names that i think a lot of investors would say without the trade war, they would have been higher year over year, so let's start off the year up 5, 6, 7% that doesn't sound like a great way to start the year. but with that sort of confidence, and eunice mentions the fact that, listen, this is a one-party system over there. they will do what it takes to keep the train on the tracks, it's that simple >> right >> it seems like it's that fed put we had here from a few years back they'll just keep cutting or doing whatever they have to do you can't argue with it. it's just sort of a gravitational pull upward. >> but how much of today's move is anticipating the future stimulus rather than what just happened >> i think a lot of it is having to do with the future stimulus even though it's targeted, there's still a debate going on in china as to exactly what that means, because the government understands the overhang and the problems from stimulating too much but at the same time they don't want this tr

i'm looking at tencent, it's moving higher by 2%. alibaba up 2.33%. yesterday may have been a good window there. good to see you guys. we appreciate it. fox business will have complete coverage of the federal reserve's rate decision tomorrow beginning at 2:00 p.m. eastern. that's followed by the fed chair's news conference at 2:30 p.m., and complete post-game analysis right here on "the claman countdown" at 3:00 p.m. >>> as we just said, perfect segue to oil after hitting a three-month low on fears that the coronavirus would seriously dent demand from china, we are watching the price of oil stabilize at this hour. this is the aftermarket price. remember, this is brent at $59.48. west texas intermediate had been below $53 a barrel. right now we do have it at $53.48. perhaps the stabilization is coming in part on the belief that an important step has been taken toward peace in the middle east. president trump unveiled his much-awaited two-state solution which deems jerusalem the capital of israel but also promises palestinians their own capital in east

liz: they're playing "fortnite" an tencent owns that. the gaming company owns that.seconds left of trade. give me your ultimate sense of the, the fact, listen, our big banks are very solid. we don't see a credit crisis. therefore this is slightly different, is it not? >> yes. this is the best banks have been in the terms of the amount of capital that they have. they really were taken down after 2018. the government came in and forced their hand. they're sitting on more capital than they have. i would say the banks are probably as rock solid balance sheets as they have ever been. we've actually grown our exposures in terms of u.s. banks overseas exposure. they are bigger in europe than they ever been. they are becoming bigger and bigger in the far east. liz: gus, david, phil, matt, thanks for joining us on a rather difficult day. again where we opened is slightly lower than where we closed. we do see markets in the last hour accelerating loss from what we've seen midday, but, part of that could be that right before our show, the state department issued a travel warnin

taking a look at they hung seng.g -- hang tencent leading the declines.g, hitting a three month high. the focus is on whether or not iran will retaliate. take a look at gold. we had oil jumping best $70 a barrel. there is room for further increase. yvonne: that move up and oil will hurt markets. overall it is that macro picture that will really hurt the session in mumbai. take a look at what we are seeing on futures. we see this strike up in yields. r.b.i. is conducting this today. take a look at the rupee as well. this hour. haslinda: on to our top story, the fallout from last week's killing of a top iranian military official. lawmakers in iraq have voted to expel american troops and the u.s. says -- iran says it will no longer abide by the nuclear deal. if iraq does put out those u.s. troops, he is saying he will impose sanctions. this is a real addition of geopolitical risk. we see it across the markets. this is a real, new escalation. the sanctions on iraq. let me put this into a little bit of perspective. since the u.s. and coalition troops invaded a

tencent is extending the lunar holiday break. a chartered flight with over 200 americans out of china landed in alaska to refuel all passengers deplaned and have been screened. this comes as airports are trying to step up their checks we'll get to eunice yoon now with the latest. >> reporter: thank you hong kong has taken a step towards cutting off all train and ferry services and reducing flights in half. that's one of the reasons why cat had everyoc cathay pacific said it is scaling back inflight services for china. no amenities or in flight services meal services will also be limited. exposure to china were dragging down the hang seng to a seven-week low casino numbers because china had said it would stop issuing travel permits for mainland chinese going to the gambling center people look for safety measures like tencent starbucks said it is closing half of its stores in china because of the virus apple has shut one store as for production, the apple supplier foxconn made a statement saying it has measures in place to meet all

tencent -- shareholders sold a 2% stake about two years ago.g an eye on chinese auto stocks. mainland car sales falling 8% on an annual basis. we are also looking at saic motor. forecast at 29% drop. coming up in the next hour, we have an exclusive interview with the bnp paribas ceo. the bank is one of only two with a coveted type a bond license in the mainland. we will head back to the ubs greater china conference in shanghai as well. we will hear from the ubs head of china equities, thomas fang. the china open is next. this is bloomberg. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. >> it is 9:00 a.m. in shanghai. welcome to "bloomberg markets: china open." i'm tom mackenzie. yvonne: i'm yvonne man

exxon and tencent are in a joint venture to launch a mobile-branded car and teaming up with other partnersoffer a digital maintenance operation. they are planning to integrate supplies of customers with other vehicle maintenance. mitsubishi motors are down on the news that it's german business is under investigation. saidfurt prosecutors police raided 10 sites across germany belonging to a witness in the investigation. mitsubishi's 1.6 and two leader engines are under scrutiny. -- litre engines are under scrutiny. we are with the top health officials in china. they have been in close contact with nations with reported cases. they have invited experts to learn more about the virus. they have intensified measures at border crossings. there is a chance of super evidence ond no supporting the existence of such. will stay on top of this and bring you the latest lines coming out of this press briefing. it could infect multiple people and that's what they are saying. there could be such cases but there's no evidence to support that. coming up we continue to track this press briefing. on the look

one stock in positive territory is tencent, up to 2/10 of 1%.ng stocks holding at december lows. the cost be is seeing a little bit of her spike today. the one rebounding as well. a bit of stabilization in the japanese yen. in singapore, a rebound. proxy being used as a with hong kong and china having a look at some of the other markets in australia, we had the fourth quarter cpi coming in better than expected. a number of houses revising their goals including rbc, pushing back their rate cut to june. jpmorgan pushing back there's from february to may on the back of that inflation data. in malaysia, weakness coming through. you are still seeing top glove, the world's largest maker of plastic loves -- gloves. kathleen: thanks so much. let's look at markets across asia. in the red at the open, many of them in the green now. still tentative it seems with virus fears continuing to dominate trading. let's get to some movers now. the key factors, what stands out for you right now? >> virus concerns really dominating markets once again. positive sentim

with all theking high-pressure factory companies like tencent, chamois, the biggest online learning platformove it are helping them to solve a solvem that they cannot in classrooms. this is something superlight. we divided into the mental health issue, it is three stages. you cannot focus. if you continue that state for a long time, you might start to lose sleep. you cannot sleep well. people are losing their hair. people cannot get pregnant. phase three, clinically depressed or anxious. started to have anxiety attacks. we are focused on stage i and stage two, the majority of the population. >> when you're talking to these big companies about this mental health acpp, how interested are they given the social stigma around mental health and china -- in china? wendy: we do not position it as a mental health solution. we position it as an anxiety killer. right now, you probably don't know, in china, for age 14 -- it is the number one death rate and there are 90 million people who are depressed. shery: suicide has the number one death rate in china. wendy: yes, 815 to 34. 90 million people are de

intel executives are saying, of spending that we've seen, particularly, from amazons, enter, the the tencents, the badus spending chips to right now on build out their data centers. very difficult to predict how sustainable that kind of level of spending is, when they'll go digestion called a phase. that's sort of second half is ikely to see, you know, growth abating somewhat, but even so, that's a long way ahead of where was for theonsensus whole of the year? >> still, how positive was from cloud service providers that they can actually go ahead and show these numbers?ve >> yeah. i mean, that was the whole upside came from that, you -- from that small group. as anow, the chip division whole is up 19%, but the cloud service provider revenue is more double that in terms of the increase, so it doesn't get any better than that, and, you know, intel, as i said, pointed out to very high this is a level we're seeing. two, three quarters in a row of this extremely elevated spending. not reasonable to expect that will continue forever? and does this calm some of the criticism that intel has fallen be

become an important source of digital payments in a broader sense in the same way that alibaba and tencentk they get it. there's tremendous opportunity, a growing audience, growing usage. people want the product, and it's free. i'm not being facetious. just the way broadcast television is free we pay for it through advertising. we pay for facebook the same way. >> doesn't sound like you're worried about either regulatory risk or that in some way consumers are repulsed by the way their data is being used. >> okay. let's take the second one first. as a practical matter, i talk to people, i talk to people in my family, i talk to people just day to day, and everybody knows that nothing is private anymore. okay people use that carefully. so i think of course you want your privacy protected i think that standards have to be and will be enacted i think gdpr in europe is a good example of the direction that we'll go but within that context, these services are very useful with regard to regulatory action, you always worry about what actions can be taken, but i think that as media businesses they ha

where is tencent by the way which owns the biggest largest social media gaming company.end them an email. susan: i should if you're worth 500 billion. stuart: that will do it. send them an email. sort it out, susan. the virus originated in china spread to several other nations. including one case ported here in the united states. next, anthony fauci, national institute of allergy and infectious diseases, how do we protect america from this? >> now tracing close contacts of that individual to insure that none of them are showing those symptoms and they would of course be isolated and treated if necessary. so while this is a potentially serious public health issue, it is one for which we have the playbook and we will keep ratcheting up our controls, our multilayered approach as appropriate in close consultation with president trump. stuart: that was on tuesday, alex azar, health and human services secretary, look you're doing all you can to contain this virus. bring in anthony fauci, national institute of allergy and infectious diseases. anthony is our guest now. welcome t

china is home to global internet corporations including alibaba and tencent.ory that caught our eye, facebook toughening up policy towards manipulating videos, referred to as deepfakes. the company says it will remove that material if it meets certain criteria. it is unclear if it would cover the infamous nancy pelosi video viewed millions of times on facebook, altered to make it is here as those -- to make it appear as though she will slurring. facebook says it will not delete videos made for the purpose of parody or satire. how sustainable is the boost for more liquidity? we will discuss that next. this is bloomberg. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. lisa: this is "bloomberg daybreak. let's" get a chec