the shanghai composite ended fivd 5% down. japan stocks were down as well, the finance minister proposing in a your budget for the tpp agreement. the jobless rate in japan drops to a 20 year low and we saw -4% cpi -- this is the core cpi which excludes energy prices, which was up 7/10 of 1% but flowing from september. remain split on whether that means more monetary stimulus. weekend,e reference but we are approaching that three-month low. there was a surprise devaluation and there is concern that japan will get a smaller waiting in the imf reserve currency -- anything less than 10% will start a drought. jonathan: yvonne man in hong kong. the shanghai composite closed, the hang seng still trading down by 1.9% this morning. here's what's going to happen on today's program -- chinese industrial profits slide. the shanghai composite sinks among concern. in geopolitics in focus as presidents hollande and putin agreed to coordinate strikes in syria. and is black friday met with resistance on european shores? the shanghai composite p

the shanghai composite closes down 5.5%. retaliates. president putin cuts economic ties with turkey as he and hollande fail to find common ground over the fate of assad. and paris remembers. a memorial service for the victims of the november 13 attack. welcome to "on the move." i'm caroline hyde. let's kick off with china. the shanghai composite closed down 5.5% today, as sliding industrial profits and widening investigations into china's brokerages fueled concerns over the world second biggest economy. let's get straight to our beijing euro chief, nick wadhams. fergus -- the focus? : i think the data figure is fairly minor. the big thing is these probes. there are many ways to read this. one is that they are looking possibly at insider trading. all we are hearing his they are looking at rule violations, which can mean a great many things. the government is looking for someone to blame after the market rout in june and they are going full force. they had thought that the market recovery in the last couple months, they thought there was e

we also had the effect of that stock rally. shanghai stocks returning to the all market, picking up 11% in october, and policymakers putting in place new ways to deter capital outflows, illegal money transfers out of the country. all of seems to be bearing some fruit. rishaad: thanks. of course, we will have a deeper look at that story later in the show. tweet us your thoughts to @risha adtv. singapore's chili crab train debut, theits company seeking $30 million in its ipo, making it the biggest in the city state this year. it's on an absolute tear, isn't it, haslinda? haslinda: yeah, an increase of 50%, a delicious debut. the ticket to watch on the sb,mberg terminal is jumbo everyone wanting a piece of it. are close to the heart of singapore, so demand has been growing, and jumbo has said it's using the money to opened new outlets, including in china, where it already operates . it is also looking to upgrade existing outlets, get new equipment and machinery. interesting to note that it big-name shareholders come including state investm

the shanghai composite set to go above its low. in profits but jobs will go. >> there will be job cuts. >> you will it be in the range of hundreds or thousands? >> i would say in the range of thousands. anchor: i'm guy johnson. anna: welcome to the second hour of the program. hand over from the asian equity session. janet yellen. comewill see a fed height december. in terms of where we are placing things, and european equity wekets indicating a flat -- have just had, back where we can rare going to open this morning. fair value out of the terminal. all over the place. anna: all over the place. for the possible rate hike. we look more mixed. good for germany. not a lot of good news, really, coming out of germany. more. factory orders down. the estimates, that economists ed were expecting an increase. not sure how that will change ecb thinking. bundthe pundits board -- board be on board? q3a: mining, all the details net income. a drop from the $58 billion the previous time. expected to be weaker. / on track to achieve guidance. optio

the hang seng down by 0.3% in the shanghai composite erasing losses overnight. coming up on this program, climate talks begin in paris. do you need to build a carbon risk premium into your portfolio? and turkey in focus. the eu gets up a checkbook and russia unveils new sanctions. thanthe heat is on is more 140 world leaders are gathering ahead of negations -- negotiations on a global agreement. the avis to stop global temperatures rising or the two degrees celsius. caroline hyde's lies -- live at the summit for us. what is at stake? caroline: at stake? agreementglobal meeting emerging markets and developed markets agreeing to halt the worst effects of climate change. at stake is water levels rising and 4000 chinese nationals joining every day. and it is a call to the very existence of some island nation that would literally sink if sea levels continue to rise. from a financial point of view what is at stake is the future of football fuel. the movement of money into renewables and already, $2.6 trillion under management from asset managers saying we will no longe

warming the most in three months and raised its price target for itself. shanghai relieving. turning investments. it derived half of its revenue from selling products to apple. a very strong gain coming in certainly a much writer picture in the region today and we are seeing a rebound coming through in equity markets. >> the atrocities in paris continue to dominate headlines. it taxes such of them planned and belgium. brussels is raise the country threat alert. yvonne the latest. isthe paris threat level three for the whole country of belgium now. let friendly as you mentioned was canceled over security concerns. in response has ramped up the last 24 hours. then arrested 23 people. says a rocket launcher was seasonally on and there are reports of the police operation and straws are. belton police have been rating properties in the district of the capital. they have made no new arrest. investigators say they know this has beenmastermind identified. he is believed to be in syria and joined the ranks of i.s. two years ago. he is also been linked by french officials to failed assa

what is behind the drop in the shanghai composite? al focus on the financials it seems. >> there's a lot going on today. for one thing, we have had several security companies announced they are the focus of regulatory probes. the government does seem to be doubling down on the investigation into what happened with the stock market collapse earlier in june. that is one thing. we also had industrial profit data, it was not good data. and the third thing is, more signs of company defaulting on debt. this is something that has cropped up more lately. the six company this year announced it might not be some of its -- might not be able to repay some of its debt. signs of trouble broadly across the chinese economy today. anna: did we learn anything new about the state of the chinese economy? you have highlighted quite a few negatives. is there more evidence of a faltering economy? nick: i think the most worrying of those three is probably the bond default. you can argue that it is a good sign that the government is saying we are going to let

all in the wake of that shanghai floor. last night we got good earnings from none other than glencore. the company raised a ton of money and it looks like it can pay its bills back without much trouble. no one is declaring it clear. it seems fanciful. let me give you my bottom line. sure, keep deriding that bottom in the shanghai composite, but the truth is that when the chinese stock market stopped going down at the end of august, it caused a rally in our industrials that continued to this day. the systemic risk from either china or glencore has diminished. it's amazing that this one index could have that kind of power. but to deny its reach seems dead wrong especially when you look dates from august 26th, 2015, the exact day the shanghai market stopped going down. let's go to jorge in kentucky. jorge. >> caller: jim, good evening. listen, they just had a very good quarter, reported very nicely. what do you think with the headwinds in china's economy, how we should play tupperware? >> first of all i'll tell you smears some

the shanghai composite fell so far, so fast that i think the fed kept a potential interest rate hike on hold simply because of the escalating bear market. not only that, but during the freefeel leading up to the bottom, we began to hear bum rellings that a place called glen corps might actually blow up. it was thought to have racked up billions of dollars in debt. debt that it might not be able to pay back. dealing a blow to the entire financial system. at the height i heard people speak of this glen corps as a james bond villain. not unlike how goldfinger was going to bring down the western world. ♪ of course, fort thox with nuclear waste. well, now look boack. no, mr. bond, i want you to die. they arrested people for spreading truth about stocks and they managed to stuck down insider selling. you know what? that's the kind of lockup that i like! they backstopped every stock that could take the shanghai composite down and calmed things to the point where the index is now up 500 points from that bottom. not only that, but consumers accelerated, starbucks, apple, alibaba all of which

i would say the shanghai could hold 3400ish, it could break confidence. w it's all about the strong dollar and oil and the fed left off. >> isaiah mentioned to julie, i didn't -- as i mentioned to julie, i didn't see a headline that would make this relevant. as it moved through the downside, are we in the 30's? >> we could be. what started was the hot jobs number. it made left off probably happen. >> you will drive more and go to work, more money, you can by mark asked. you think that would be -- by mark asked. you think that would be more positive. >> strong dollar, weaker oil, you think weaker dollar, starter commodities. now you have a strong dollar with weaker oil. inventories continue to build, so that is pressuring oil more. the market was comparable between 45 and 49. below 44 a headwind, people look at it and below 40 could spike again. all of a sudden, those oil and energy companies, the bonds could go next again. -- nuts again. >> the dollar has been on a tear. the fed does not meet until december. what could interrupt the trend? >> speakers star

we did see a big sell off on the shanghai comp down by 5.5%. is the biggest percentage decline since the end of august and that's really a stark reminder of the very volatile days that we saw back in december. the nikkei 225 off by a third of 1 peculia 1%. why didn't we see it? a korgcontinued crack down of t brokerages. consumers got in a little bargain hunting on thursday. macy's says about 15,000 people were at the 6:00 p.m. opening of its flag ship store in manhattan while the toys "r" us in times square was also pretty busy. let's get out the jay grey. okay. actually jay grey is not connected to us yet. let's go instead to new york. so you developed a new app. what is this app all about? >> this app is called the ibm watson trend app and what we have done is taken the power of the ibm watson super computer and put it in the hand of personal shoppers and with a we have been able to do is listen to over tens of millions of conversations online and bring back what's trending in the world of retail across three main categories, consumer electr

the shanghai stock exchange is celebrating today, marking 25 years since its launch. would you have done if you put your money in china rather than the s&p? despite this year's $5 trillion rout, you'd be sitting on a gain of three point 5000%. 5000%. -- 3 you would have to have a long horizon for that investment. it would have paid off. >> you should have a long horizon. it is not about what will happen next month. it is about what will happen the next 5-10 years. don't expect to make money in three months time. anticipate to make money in five and 10 years time. that is the view investors should have. in mind, you are not too worried about china at the moment. >> if you look at what is happening in china, it is what similar -- it is quite similar inwhat happened in the u.k. 1979. they are allowing more market forces to take effect. they will go through the same trials and tribulations we went through in the western world. there will be these growing look at a 5, you 10, 15, 20-year view, you will make stronger returns. anna: this is a different time horizon. i spoke t

rishaad: that's of the shanghai. it would seem like another bit of evidence that all of this is being ramped up. guest: it has been ramped up and also in focus, because we have had the focus shift to the economy and the financial sector , the financial sector and also that he's moving on to the big boys now. the political heavyweights. in key large cities like aging and shanghai, -- beijing and shanghai. something like 75,000 officials have been caught up in this anticorruption crackdown. there's essentially shifting to more politically sensitive upper echelons that were not targeted necessarily before. xi jinping is say moving to the face of his leadership or he's trying to consolidate power. solidifying the allies he has, the hornets nest of political implications as he does this. rishaad: thank you very much. get a check on the other stories. hong kong exchanges a rise in profit. the sale of the property here -- there, net income of 81%. dailey said trading turnover rose 45% during the quarter. hong kong exchange i

the shanghai comp of 5.5%. the biggest slump since the end of august and many of the mining stocks are pulling the ftse 100 lower. the xetra dax fairing better we're off here by a quarter of 1% off the three month highs we saw for european equity markets in yesterday's trade. belgium has reduced it's terror threat level from the highest point of 4 to 3. the prime minister cautioned that although the immediate may nature of an attack was no longer present it remained real and serious. >> nbc filed this report overnight. >> more raids today and into the evening outside brussels in the hunt for europe's most wanted man. suspected of being part of the paris terror cell, perhaps planning to join the suicide attacks and then backing out. today a house was targeted. rented to one person, the owner said, but several mattresses were on the floor. >> there are police with machine guns and dogs. he was seen with another suspect at a gas station prior to the paris attacks. elements of the investigation must remain confident

weakness coming through on the shanghai composite and also in hong kong. the selling that we are seeing across most of the region. kospi is doing quite well today. we had the disappointing factory number out of china. but we are seeing the shanghai composite opening down by more than 1.5%. a lot of weakness coming through. the hang seng continuing to drop, down 1%. we have already seen weakness in the region. japan, a definite under for former -- underperformer today. australia also weaker. new zealand in the red as well. there has been a little support coming through from some of the infotec stocks. that is led by a 1.5% drop we about 1.7%.own by we are seeing quite a bit of weakness coming through in the oil and gas sector recently. heavilys falling quite in london on monday, down by over 1%. let's have a check of the casino stocks here in hong kong. of course, data showing that macau october gaming revenue was down 28.4% year on year. a little bit weaker than the estimates. we are seeing all the casino players in the red. sands china leading the decline

we were able to welcome the san francisco presence in shanghai that was very well receivedreet with some of the representatives from the core and communities and business leaders that came over from san francisco to be in shanghai they highlighted the port of san francisco and gave us a warm and gracious welcome that's it sxhaltdz i want to thank diane and byron it is funning funny when you get a mixed group of people people come in everybody has their own jandz and sometimes to show the paradox that everybody had not on their own agenda hoping to work with other people to do what is best for the port that was laid out we have to work together being our agenda but the best agenda to try to make that work and diane and brad thank you. i predict that and we got a lot of people like that i know that will work thank you and i have a gotten a text last week he shared that with commissioner moore with sfgh fan is the president they run a crews terminal i'll tell you that like it is several months ago look bad customer complaints about the union down at the crews terminal and this

the shanghai composite is dell more than 35% over the last six months. -- shanghai composite is down % over the last six months. the stock was just at a record high. investors may be taking chips off the table. resorts of chips, wynn is off. news out about my towels trade mccal trade deficitsl's. . erik: thank you. that is abigail doolittle. still ahead on bloomberg volkswagen planning to cut costs amid the emissions scandal. what it means, next. ♪ ♪ welcome back, this is bloomberg television. i'm erik schatzker. flag and announced a plan to say to billion dollars in its bw units. volkswagen announced a plan to save $2 billion. plus, lawsuits over the use of software. one of the things that volkswagen plans to do is offer fewer models. can't be a good thing if you are a volkswagen customer. think it is good if you are able sliding union. -- i think it is good if you are a volkswagen union. the union has been pushing hard to save money in logistics. that cutting models would result in cutting employees. they said, let's be efficient. there is money to be saved. they have too many model

the shanghai and hang seng markets weighed down on the regional index today. the hang seng down close to 1%. concerns that traders will start to sell their shares in order to raise funds to take part in the next round of ipo's. tend that have been given the green light by the securities regulator. it is the dollar store that continues -- story that continues to dominate the the unwinding of the long dollar trade. the shanghai futures exchange, the metals continue, prices through the floor. nickel has fallen 17 out of the last 18 days as well as copper, continues to be under 4500 a metric tone. -- metric ton. the commodities trader continuing to hit after s&p says it might cut to junk after concerns about liquidity, joining goodies on those concerns. back to you guys. guy: thank you very much indeed. anna: the commodity crunch continues. ryan chilcote is here with details. we are also joined by peter, head of market strategy. he joins us for the next hour. let's talk about some of the following numbers we have seen. at six-year lows. ryan: effectively, you have

and the shanghai composite closes back in a bull market. yellen sets the scene for a december rate hike. the federal reserve chair hit a hawkish note suggesting that a 2016 rate hike was still on the table. >> what the committee has been expecting is that the economy will continue to grow at a pace that is sufficient to generate further improvements in the labor market, and to return inflation to our 2% target over the medium-term. informationing supports that expectation, our statement indicates that december would be a live possibility. but we have made no decision about it. chair they be prepared to go live in december but one democratic congressman advised that the gods time for the left off might be more generous. >> god's plan is not for things to rise in the autumn. as a matter-of-fact, that is why we call it fall. nor is it god's plan things to rise in the winter through the snow. god's plan is that things rise in the spring. with thent to be good almighty, you might want to delay until may. correctly,emember janet yellen has a littl

these markets were already closed before the outcome of the turnaround in shanghai, so we had a weaker a week month for asian equities. guy: juliette, thank you very much. let's take you back to paris -- you are looking at live pictures coming from the french capital as more than 140 world leaders gather for the world summit on climate change. the aim is to agree on cuts to greenhouse gas emissions, that after a recent wave of terror attacks including the french capital, geopolitics will very much take center stage. caroline hyde is at the summit. caroline, which is the bigger issue -- climate change or what is happening with geopolitics? caroline: it's going to been that kidnapped. be the internet. neck in neck. it will be diplomacy today and the rest will be taken over by climate change. we have a wave of attacks that occurred across the world when terrorism, most notably here at france. 130 dead, just over two weeks ago. of course we will be seeing along a hollande and xi jingpin, who he had yesterday for dinner, likely discussing the concern with the isis. obama meets tonight for d

you said the shanghai composite index is in positive territory, sharply over 20% from the lows. that was clearly a concern in september. it is not a concern right now so when you look around it's very difficult to find things that would suggest that the federal reserve should pause. the final point i would make is that wages were something that was concerning people. now the hourly average earnings are rising. more than 2/3 of the costs of providing a good or service or labor cost, so it's just a matter of time before that starts to spill over into general prices. >> let's talk about how expensive the market is or whether it's still cheap in your view because remember warren buffet, he says if the fed isn't hiking interest rates, stocks are cheap. if they are, stocks are expensive. your view? >> well, given the fact that the federal reserve is going to move at a snail's pace, i am not really concerned with the federal reserve raising rates. in fact, historically when the federal reserve raises rates primarily because the economy is improving, rather than trying to catch up to ri

big selloff. 5.5% of the shanghai composite is raising some alarm bells. we have seen fallout in europe. what happened overnight? nick: i think what you saw was the government announced a series of probes into three of the country's largest securities brokerages. so, that is going to spook markets. we had some bad financial data, some indications that a couple companies may not be able to repay their debt. the broader issue here is the government really sort of clamped down on the market after the collapse over the summer. now they are trying to ease things off, allow more ipo's. sort of removing some of the restrictions. but it looks like this market still has not found its floor. of back intort negative territory after about a 17% gain since august. erik: what is it about the investigation of these brokerage firms that is concerning? why would it cause the market to sell off? nick: i think what you're saying is a broad concern, i mean, that these are just in the government's crosshairs. the government is so powerful. and then we do not really know what th

we are seeing the shanghai market ending the day reversing course. almost two death of 1% up. sources tell us that china has canceled a role requiring brokerages -- in the proprietary trade accounts. the asian stock markets seem to a stabilized after the summer slot. -- the summer slump. the largest brokerage by revenue. the ceo chairman was nowhere to be the since wednesday. the shanghai securities regulator has sent an inspector to 14 state owned enterprises motor's andic shanghai electric. they are rebounding a bit. that is what is happening in markets across the world. up, homegrown demands from a german gdp expands on domestic consumption but exports slow. we breakdown the outlook for europe with goal and sex. overpaid. deutsche bank said his staff earned too much to do too little. clinton criticizes the $160 billion merger that would move pfizer's headquarters to ireland. first of all, to europe's data. germany releases the sentiment data for november at 9:00 a.m. u.k. time. first of all, this morning's final gdp reading shows the german economy expanded by 0.3% in the t

. >> another day of gays on the shanghai composite. we are up 21% from those lows on august 26. the hang seng market looking good in hong kong, up like 2/10 of 1%. a big gain from japan tobacco, but we are seeing weakness from the shiva after it came through with its numbers. australia's market .nderperforming, down almost 1% that weaker oil price playing .nto the australian market let's look at some of the brokerage firms. a number of other stocks we are watching. takata down 23%. extending that to-day plunge. wasbiggest since takata listed on the exchange in japan in 2006. mitsubishi saying it may stop blocking those airbags as well. a great rally coming through on .he shanghai market now back in bold territory, so to speak. rishaad: china southern share price coming against a backdrop another high level figure and china, being invested over corruption allegations. the chairman accused of discipline violation. why are they going after this guy? this normally means corruption, don't they? >> this is part of the crackdown that president xi jinping has been following for three yea

the shanghai session ended the day down success of 1%. the regulator has restarted ipo for 10 companies. five in shanghai and five in shenzhen. what will that mean for markets? the five-month freeze. every time a new batch of companies took orders the last year, we saw money market rates climb as investors hoarded cash for their bit. -- last batch of 28 ideas sign of confidence from chinese official that the market can stand on its own. that is what is happening in markets across the world. here's what is happening in today's program. commodities in a tailspin. copper heads a new six-year low. the dollar has back to a 2015 high. , 14 years after the biggest default the world had ever seen, the country focuses -- elects a probe is in -- pro business- pro presidents. -- president. the commodities slumped continues. the dollar gains pushing back towards a 2015 high court for in stuartus bring wallace. ceo and founding partner of asset management. and timothy ash. great to have you with us. every morning, i get the bloomberg terminal at 5:00

five approved for listing the shanghai stock exchange, five others though in the shape jen. tons of confidence. a silent confidence there. we saw singapore inflation coming up last hour or so. unexpectedly reporting a steeper drop. cpi falling a 10th of a percent in october. i do want to mention some of the other sectors. you talk about the commodity slump deepening. materials is really the only section that is falling right now. i do want to talk about the movers here. dnp is one of them that is way down. scrapped its domestic dividend policy. even if they say scrap or not, they may still have that risk. up forhina, shares tenths of 1%. trying to shore up their balance sheets. , china's biggest aluminum producer. shares falling 1.6%, the president resigning. we see those tourist rivals also falling. finally, i want to end on this one stock. shares falling 12% today. the company saying the ceo and chairman cannot be found. they haven't talked with them since wednesday. send it back to you. guy: thank you very much, indeed. arrested 16ce have people in the hunt for an islamic

financials were quite active leaving the markets higher as well as the shanghai composite. among those financial services, stocks of a 1% gain. these are the stocks we tracked in the session as a look at some of the key movers here. among them were securities and south korea -- south korea. city securities are a big mover in shanghai and hong kong. we did see airline related stocks rebounding today. investors took a fifth more of an optimistic -- a bit more of an optimistic move. quantum is up 6%. even airways rising and in hong kong pacific staging in advance as well. let's check in on how commodities fared across the region because we did see investors adding a little bit of risk to the equation and that sent shares up on the shanghai composite swinging between gains and losses. if you look what is happening to commodities, copper has been falling 1% today. one concern about china's economic goal -- growth story and gold pulling back. investors piled into safe haven assets. gold sing a move down. the japanese yen seeing a bit of a weaker performance. the take away here is

. >>> moving ton the other markets and the shanghai composite dropped and shares in the financial sector rose on the speculation that a stock trading link maybe launched by the year end. it's weighing on other margrket. singapore rose 0.55 percent and shed 0.9 percent and then 0.16 percent and snapping a three day winning streak. they agreed that the underlining trend was continuing to get better. the bank of america minutes showed that it was about 0 percent. the figure is far from the inflation tart but still many policy makers saw improvement in the underlining trend. they pointed to the increase and the cpi for all items and fresh food and energy for august. they accelerating to 1.1 percent. the board members said that this trend was different from the previous year. the policy makers held another meeting and said that the time frame would need to be extended. they decided to reframe from it. >>> japanese business leader are trying to boost their profile. officials from the japan administration have opened their office in capital. they closed it in 2009 as part of a con can kol dags

. >>> moving on in the region in china the shanghai closed at 3,000 -- it clipped and posted the biggest one day gain in more than a month. investors picked up wide range of shares. the central bank decided to keep the key interest rate unchanged. >>> prices of goods between firms have fallen and it was down 3.8 percent from the same month last year. the analyst say that it was due in pasht to a decline in prizes of coal goods as well as scrap parts. they set a record with the winning bid and an auction in switzerland. they discovered the diamond and weighs around 12 carrots and experts describe it as ats and experts describe it as flawless. >>> people are peddling to save money. bikes powered by electricity and bikes harrell ythat are powerin young economy. nhk reports. >> a bicycle that turns into a shoe shine shop. a folding bike that fits into the suitcase. bicycles from japan and aboard were on show just outside of tokyo. the event attracted about 30,000 people. one type that's gaining popularity is assisted ones. this year it's a whole section to t these. >> these are more stable a

this is the shanghai composite. reason why it's rising today is the government has announced plans to resume initial public offering by the end of the year. the end of this five-month freeze on new share sales signals investor confidence in the equity market. back on august 26, the market hits the lowest since december. since then, interestingly, it's rebounded by 25% entering a bull market, the gauge, though, is still 29% below its record, that yellow circle there set on june 12. but that data is affecting how emerging market assets are performing came. -- performing today. come in close. this is the msci emerging market the last six months. emerging stock markets are dropping on expectations the rates will be raided in the u.s. and on that weak china data. the index has fall 27b.6% in the last three trading sessions, the biggest fall in six weeks. the bloomberg index tracking to developing nation currencies has slipped to a five-week low and malaysia 3.4%. emerging market stocks have benefited from expectations tha

they saw the pace of price increases month over month decline in october. shanghaisaw a slight pickup. back to you. detailedwe'll have a look at that story later. to mentionsn't want it, washington says it is bound to,. we are talking about the south china sea dispute and how much play it will get at the apex summit. president obama has been commenting on this, hasn't he? >> he has. i just found out that they just cleared the driveway leading into the main entrance at the lobby. we are expecting the u.s. president to come in any moment. on that note, the conversation has shifted towards geopolitics. he is set to make a speech and will have a conversation and a dialogue with the audience in about 10 minutes. already hadaid, we some lines from him on the south china sea issue and paris. both steps are needed to reduce tension and the south china sea. following that, he also said china needs to stop land reclamation to reduce tensions there. the u.s. is committed to maritime security. apart from that, he talked about paris and how the objective was from the very beginn

big spike up in the shanghai composite. this do for china on monday when they open? tracy: that's an excellent question. we know that chinese stocks have been getting more volatile, and once they get into a volatile pattern, it tends to be difficult to break out without the government coming in and announcing something that -- calms investors down. alix: thank you. you're sticking with me through the close at 1:00 p.m. we will see how stocks settle and take a look at what ahead for next week. ♪ 1:00 p.m. in new york, 6:00 p.m. in london, and 2:00 a.m. in hong kong. welcome to bloomberg markets. you are looking at the closing bell. u.s. markets closing early after the thanksgiving holiday. stocks fluctuating all day. disney weighs on the index. all caps are advancing. volume was very, very light. the dow jones volume was off about 50%. s&p off by about 31%. julie hyman is looking at the markets because this does set us up for a very busy week next week. julie: yes, commentating with the jobs report on friday, which is probab

china has sent an antigraft inspector to the shanghai headquarters a day after the hong kong office said the c.e.o. is missing. the company has not been able to contact the c.e.o. since last wednesday. shares have recovered slightly after the 12% plunge on monday. let's look at the markets for you. hong kong and china currently losed for lunch. we saw a broader sell off in the region today but over there singapore, tokyo, and to be looking fractionally lower we are seeing the stocks tum falling on tumbling commodity prices. back in half an hour. time now for "bloomberg west." i'm emily chang. this is bloomberg west. coming up, taking a page out of playbook, in talks to buy a stake in one of asia's most venerable newspapers. plus high speed internet access means no day of rest for holiday shoppers. walmart moves the start of cyber monday to sunday. and the two companies that once made up hewlett-packard set to report their first stand alone results tomorrow. we'll preview the numbers for th hp enterprise and hp inc. first to our lead. alibaba's founder in talks to buy a stake in the publi

and the shanghai stock exchange is celebrating today, marking 25 years since its launch. e composite index has gained more than three and a half thousand percent. china's the center of $5 trillion equity market route. guy: thank you very much, indeed. anna: let's check in with yvonne man. talking about the shanghai composite, what a wild ride it has been the past 25 years. 55 ball and bear markets later, we are seeing the markets looking pretty strong today -- up 1/5 of a percent. the are finally getting action this week to another we have seen the standout between turkey and russia, that impact is fading. now we are seeing crude oil gaining for a fourth day. and holding those prices above $43 a barrel. and we are seeing tiny socks in hong kong rising for the first time in four days. up half of a percent in the trading day, it looks like we look at the relative strength index, we're heading into those overbought territory. in the high 60's or so. it was kind of a snooze fest session, getting the turkey ready, they are going to be closed for the u.s. holiday on thursday mor

the shanghai composite tumbled more than 5% closing at its lowest in three weeks. and financials were hit hard with news that the big brokerages will be investigated. growing concerns over the slowing in china weighed on hong kong. the hang sang lost 1.9% stretching its losing streeak t a fifth day. the taiex dropped 1.02%. share prices in indonesia slipped 0.8% and mumbai bucked the trend and it gained by .65% on hopes tax reform bills will be passed next month. here's a look at some of the other business stories. china's statistics bureau says oil and coal and steel industries are among the hardest hit by falling sales and weak eflt prices. october data on the japanese economy shows spending by households fell 2.4% from a year earlier. the consumer price index was down 0.1% from the same month last year. the jobless rate was 3.1%. it's the lowest level in over two decades. eight major japanese car makers say total domestic production rose 0.1% year on year, the first rise in 16 months. a pickup in exports to the united states and europe offset weak sales of mini v

they can underwrite denominated bonds for companies in china, even back shares in the shanghai stock >> they took a stakes in a lot of these banks and over the years they have not the leverage they wanted so they whittled them down. realized some good profits but then again we have the earning story as well from hsbc yesterday too. all part and parcel of that. >> we have to remember this is europe's largest bank, a major player in hong kong and in ayesha. 2/3 of its revenue coming from the ayesha pacific region but it facing significant challenges. >> and will it stay in london is another thing, that is an ongoing discussion and a document being prepared and we maybe won't know when the full year earnings come out next year either. >> i'm sure it is top-secret internally at hsbc and certainly the public won't know -- >> they may not even know next year. >> yeah. they've delayed it and said they're not issuing or guaranteeing it but they -- that they will issue an update in february when they have their latest results. we'll watch this closely. that is a challenging decision to leave

we saw a bit of a bounce in the shenzhen composite, the shanghai not moving that far. estimates,line with industrials up. that is the macro picture. keep an eye on a micro level, if you like. it is not very micro, but what could be the biggest brewing deal in history. i have a chart here on the sab miller share price, what a wild ride it has been on during the summer. we saw talk of the potential deal them. inbev has a -- deadline to move the number of times. the latest is today, and we have had news over the last 24 hours suggesting that they might get closer to that -- perhaps removing the regulatory hurdles on the u.s. business. we will have more from ryan chilcote through the program. we are getting numbers from carlsberg. >> we are of course looking here at the world's fourth biggest brewer. looking at russia, a challenge to carlsberg -- struggling offset the cost cuts. the headline number is a clear beat. we are coming in with third quarter items at 3.4 7 billion kroner versus an estimate of 3.11 billion kroner. alsois the beat of sales, up 18.3 billion danish kro

here we have the shanghai versus commodities. the overshoot in stocks.t some point they started to pull the commodities higher this. time when the shanghai rallied, the commodity indexes continued to go lower. i want to focus on this moment right here, 2011, where commodities peaked and started to go down. in this next chart, this is the point in 2010/2011 where commodities peaked. from here forward, we are still very much in a down trend. there is no indication this is over. so long as commodities aren't coming up, it looks to my eye that the rally in stocks is not sustainable. i want to talk about the long term picture of commodities. there is an analog here. from 1970 to 1980, ten years, we advance 250%, 36 quarters, it was nine years actually, yes? from 2000 to 2010, 10 years, 9 1/2, we advance 275. we drop 42% in a five-year period and dropped exactly 43%. if this analog were to play out, if we just get a bunch of this for a long time, which is the deflationary world we are in, we can easily have this. that does not mean chinese stocks go up. i thin

the shanghai added nearly .4% closing at 3630. nvestors cheered by the central bank's additional easing measure to lower lending rates for banks. taiex was lower by .14%, cautious before the release of the export orders for october. they fella-ç for a seventh consecutive month. in other marketings, hong kong gained 1% led by energy and i.t. sectors, and sydney extended gains to a fourth day and finished up .25% after three weeks of losses. here's a look at other business stories we are following. >>> a panel of japan's main ruling democratic party has begun discussing tax reforms for the next fiscal year. the cop tents are expected to be outlined by early next month. the panel is expected to recommend lowering the corporate tax rate from the current 32.11%. prime minister shinzo abe favors cutting it below 30%. a japanese public private fund is reportedly buying stake in a u.s. company promoting a high speed rail line connecting dallas and houston. analysts say the multimillion dollar investment is a step forward tor japan's rail i

the we cannot really back to see any significant numbers. rishaad: thank you very much. lg is preparing to drop billions on a new went in korea. shanghaiting underway. rishaad: third month of decline. chinese regulators. securities were let's roll the violations area brokerage saying it will actively assist the csrc. several executives including the president are already under investigation. week,being counted for the metro station rally. hello making gains in the london metro area the biggest suppliers will meet consider response. they also step in mistake purchases. we have the final trading day of the week. the shanghai and hong kong open. >> let me get started with his expressions. up? netet this price is nickel copper and 10. we also prices on the shanghai features. obviously we are nowhere near levels needed help. detailsot get into the that we should be looking at big industrial profit. with construction. not the sort of reaction to we're seeing gains. currently we are back above 86,000. mixed. fairly thanks for watching here. unsurprising. 40 plus percent. 41 over 42%. there we go. rishaad: it's going on here. the shares are do

we didn't sort out the fire certificate, the build in shanghai. really? i have to say i am not convinced that i think there's a sense among the chinese authorities that despite this being an agent piece of parchment written an abbreviated mainly concerns with arcane english feudal principles from the 13th century, there is a sense, is there not, that the magna carta remains in the minds of some in china too dangerous to be freely shown in public? so instead it's been tucked away at an investors house where it is much, much harder to do. if you're looking for example, of the potency of magna carta, its power as a symbol of the rule of law, the principles of liberty and the notion people should be free of oppression, then you have it right there. thank you very much. [applause] >> i think we'll have some questions that could want to ask the question just wait for the microphone to come to you but yes, sir. >> you make reference to the magna carta having the rights for free men. the question i have is if the word man is qualified by the word free, and it make

things off at 1.6% up. 1.5%.lian stocks up china stocks in hong kong trading day one week high in the shanghai composite at half a percent. by gains in led banks as well as industrial companies. just got back on trading today. the company hoping plans for a private share sale due to a disagreement over the amount and price -- the initial price was ¥4.9 billion. now, the revised rules affecting that price. trade has returned to the top of the agenda. delicates discussing the transpacific partnership in delhi. as the centerpiece of president obama's pivot to asia and is supported by several apec members. indeed, we have been talking about protests. not far at all. indications, that is as close as they will get. they are outnumbered by riot police. to put this into context of where they are, it is one venue where we have seen protests. it is just over one kilometer from the venue. where we are right now at the world trade center is where that meetings are gathered. leaders are making -- arriving one by one at the convention center which is roughly about five minutes from where we are -- it takes

in china, the shanghai composite lowered 1%. growing speculation about a december rate hike in the u.s. weighed on some markets. singapore closed at its lowest in six weeks. hong kong closed lower .34%. sydney gained .3%. here's a look at some of the other business stories we're following. >>> a record number of foreign tourists entered japan in the first ten months of this year. officials at the japan national tourism organization estimated more than 16 million people visited between january and october. up 48% from a year earlier. travelers from mainland china made up the largest group their number doubled. south korea and taiwan were next. >>> officials at mitt ssubishi motors celebrated after their 4 millionth vehicle rolled out in thailand. workers produce new pickup trucks and sport utility vehicles for the asian market. >>> cars in the future may be made from paper. researchers in japanese universities have discovered ways to make the material as strong as iron. they came up with the idea by researching small pulp fibers.

unionpay is the country's largest payment and clearing network. you live in shanghai. onpay. >> it is kind of like a visa or mastercard. if you buy something with your card, you might use unionpay. it is really the big player out there. it is a good deal for apple, but i am not convinced apple pay is going to get a lot of traction in china. wechat pay is dominating. you take your phone and you just swipe it. it is extremely convenient. i am not sure why consumers would not want to use what is already in existence, which is probably technologically far more superior to apple pay or square from jack dorsey. emily: there are reports that apple pay may be launching in china by february. these are areas that are tightly regulated by the government. how much do you think apple pay will run into regulatory hurdles? >> it is smart for them to tie up with unionpay. unionpay gets a lot of support from the chinese government. the much bigger problem, frankly, is the strength of wechat pay. in the last few months, you have started seeing signs in brick-and-mortar stores. in less th

given that we are seeing softness, but also seeing some good numbers out with retail sales and the shanghai stock exchange has come back since august if maybe china has moderated enough so that the fed has the room to raise interest rates. guest: i think you have absolutely nailed it. all about thews slowdown on the export side and the investment side. we saw retail sales hold up and that was enough for the market today definitively. fed, i know they mentioned overseas markets, but after the employment report, it would be a huge surprise and we have changed our view. we have been rates low for long and in the big picture, that stands. surprisebe a very big if they did not raise rates. bank of england may be next year. contrast, today's numbers, strong employment whereas in the u.s., that is a big difference. i know it was a six year high in the u.s. whereas in the u.k., very subdued. mark: alan sticking his neck on the line -- boe probably next year. he's not being too brave, but we will let him off. betty: thank you. i know mark is going to stay with me and we will talk about the subject t

certainly we will be able to see the full impact of this when shanghai opens up. at the futures market there. metals practice already a bit up substantially yesterday. 2.5%. 3% gains. you look at nickel. prices you also have up. that's how australia looks up 0.4%. we are seeing a decent bit when it comes to the minors. so the greenest of the green or the brightest of the brightest here, basic materials up 0.8%. digging deeper there we go. let's just give you a broader picture. 10 of the 12. not a bad day. let me show you as well, some of the big names. 2%. ve south 32 up lot of these miners are more diversified. so a big exposure when it comes to nickel getting bought up substantially, 2.7%. rio tinto a lesser extent. in australia one stock we've been tracking all week for all of these reasons. the share price can't find a floor. down 50% yesterday. we were down for the 22% right now t's hard to believe this time yesterday the stock prices trading closer to $2 a share so we'll continue to track this. we haven't heard obviously some comments on the stock from the c

the shanghai composite gained 1.6% to climb past the 3600 mark. china's securities regulator will lift a ban on initial public offerings that's been in place since july after the market plunged. sydney's index tumbled 1.8% to close at its lowest level in more than a month. a fall in commodity prices including oil and gold dragged down the resource-heavy index. drawing speculation about a december rate hike by the u.s. federal reserve weighed on some markets in the region. the jakarta composite sagged nearly 1.5%. hong kong's hang seng fell 0.6%. the kospi shed .75%. >>> here's a look at some of the other business stories we're following. major japanese department store operator holdings says increased spending by foreign visitors has expanded their profits. executives say sales for the april to september period rose by more than 5% from a year earlier. and they're reporting a record nearly 50% jump in their operating profit. they're also -- they've also revised up their full-year operating profit to 12%. economists from the world bank say that wit

the shanghai comp reverses early losses and closes higher. this as the imf is adding the chinese currency to its volatile basket. >>> japan's pension plan having a huge loss. >>> good morning, everyone. let's get straight back to our top story. world leaders have been arriving at the venue of the comp 21 climate summit. french president hollande is welcoming 150 policy makers. president obama, xiin pi have arrived already. chinese president said it's very important for the u.s. and china to follow the principle of nonconfrontation. he said the world economy is recovering slowly. now on to president obama's comments. as he walked in he says he's looking forward to working on the tensions, the tensions that he's talking about are the following. he notes differences with china on cyber security, maritime issues and he says that u.s. and china leadership on climate change is vital. let's get out to steve sedgwick in paris. steve, any comments? >> reporter: yeah, i think it's very interesting that the president obama tying in some of the key longer