dollars of losses incurred by toshiba's us nuclear unit.siness hub where rico hizon has been following the story. this has been an ongoing story. finally, that driver is over and both companies agreed to withdraw all claims against each other which also ensures that all parties are aligned. they have brought in us buyers such as apple and dell. toshiba needs to sell this chip to cover heavy losses at its us nuclear business westinghouse. they had threatened to block the sale and the agreement allows western digital to invest in a new production line advanced memory chips and guarantee future supply for the company. legal battle started earlier this year after toshiba said it would sell the chip division to cover big losses arising from the company's now bankrupt nuclear power unit and news of the settlement, with news for toshiba, shares are currently up by about 2.3% in tokyo trade today. toshiba, shares are currently up by about 2.396 in tokyo trade today. and interesting story. we have kept up to date with every twist and turn on that on

that toshiba story. digital confirming the end of the legal dispute threatening to derail the $18 billion sale of the memory flash business led by bain capital. i want to bring in technology reporter ian king from san francisco. for toshiba to clear the way for the sale of this business, it is equally more important for western digital. ian: this is huge. it needs chips that will be made in future factories to stay competitive. needs that technology -- that technology. solid-state is the future. magnetic spinning discs is not what it will build its future on, and that is what it security today. betty: is this a big hurdle for toshiba overall, now that they are avoiding that delisting? ian: the delisting -- they've got to get this closed. there's got to bring the money a -- in froming selling a large stake in this unit. they have raised capital to tide themselves over. that was looking less likely, but this is certainly a huge step towards putting that company on a solid footing. betty: what a -- in from

f toshiba of‘s $18 billion unit.vestment firm has partnered with south korea's sk hynec. the legal battle started this year. it was toshiba after said it would have to sell the chip dftion in order to recover big losses it had accrued. the us partner, western digital, threatened to block the sale, but now it's over, western digital can now pursue other pursuits including investing in a new product line of memory chips. toshiba can shore up its balance sheets by the end of the fiscal year in march and avoid being delisted on the tokyo stock exchange. monica, thank you. relief all—round especially for all of those who have had to talk about it for so long. markets in the us seeing new record highs last night, on reports that policy—makers could push through that tax deal which would see the us corporate tax rate cut to 21% next year. it's not yet a done deal yet, but was enough to push markets higher. up up 0.5% yesterday. but that's not feeding through to this morning's open in europe. there are a lot of questions tha

toshiba and western digital have agreed in principle to settle their legal dispute over the sale of toshiba'slash memory business. toshiba agreed to sell that business for $18 billion. we will have more for you on that story later in the show. there's going to be a call at about 30 minutes. we will continue to bring you all the details, but first, i want to bring in a bloomberg intelligence reporter for more. we knew they were reaching a settlement, but now we know the terms of that settlement. walk us through those terms. mark: i have had not a chance to look at the terms. they are still coming out. western digital sandisk was disputing that toshiba has the adequate rights to sell interest in a joint venture between western digital and toshiba. they have been in litigation in california state court, arbitration proceedings that were set to conclude in the first quarter of next year right around the same time as the sale needed to be completed. it was in both companies best interest to bring this lawsuit to a close. it looks like they were able to reach a deal. the details of that deal are be

toshiba andant for its investors is that toshiba will make its march 2018 deadline to receive the fundscover the negative shareholder equity and cover the listing. toshiba still owns 40% of the business. bain has says they -- has said they are planning an ipo in a couple of years. they will be completing -- competing with hynex and samsung. yvonne: we look ahead to that. pavel, our asia tech reporter. some breaking news crossing bloomberg from tokyo. we have the japanese ppi prices in november. we are seeing an upside here. 3.5% year on year. some were expecting things to edge lower from the previous month. month on month numbers also seeing an upside of 0.4%. the estimate was for a 0.2% rise. a lot of factors driving this. we have seen higher commodities. crude oil prices have been elevated. that has created upward pressure. bloomberg economics talking about how we will see a challenging base effect study in 2018. year on year against moving forward will be moderate at best. we had that strong yen from october as well. betty: we are seeing the yen strength in just a little bit on the b

the partnership with toshiba is what makes that happen. toshiba has a little bit more leverage.ew facility to essentially build , and access to output from that facility is also important for western -- sandisk,ns disk and toshiba has been using that as a negotiating tool that looks like it has paid off. haidi: what happens in terms of clearing the way for the sale to bain capital and the consortium to be completed? itif there is an agreement, would probably happen before that, and essentially would put bain capital and its consortium of investors in toshiba's memory check unit in a much more comfortable position and raises essentially the probability that there will be a closing in time. much forank you so that, certainly a key development in that struggle between toshiba and western digital. coming up, counting down to the regulatory deadline. we asked the eu commission president for his views on whether there is any wriggle room at all. that interview is next. this is bloomberg. ♪ ♪ haidi: this is "bloomberg markets: asia." a quick check of the business flash headlines. ameri

toshiba up 1% in the morning session. reports a settlement with western digital over the sale of its flash sales unit. what do we know? what we are hearing now is that toshiba and western digital, its memory chip partner that had been suing the companies to stop the sale of the chip business, are close to an agreement. toshibans essentially, thatmoving a headache originally threatened to derail the deal entirely because western digital claimed it had potentially the first right to buy the unit. now that that is going away, toshiba will be about to complete the agreement with bain capital, which has agreed to buy time for ausiness in deadline in march, when it has to raise enough money to raise its balance sheet and remain listed on the tokyo stock exchange. a lot of moving parts. but basically, the deal is good news for toshiba and shares are up. david: we will see what happeneds -- what happens am a developing story. this is bloomberg. ♪ david: hello, and welcome back. you are watching "bloomberg markets: asia." last 30

toshiba has settled its legal disputes with us partner, western digital, clearing the way for the multie of its business. westinghouse wrapped up billions of dollars in losses, the sale of its chip unit is a key part of toshiba's rescue initiatives. the federal reserve is expected to raise rates at the end of their two—day meeting on wednesday, as the us economy improves. us president donald trump likes to take credit for america's economy but in the case of markets, that may not actually be the case. in yet another campaign style event, us president donald trump took to the stage to talk about his accomplishments, among them us markets. the stock market is hitting an all—time high record for another, and think of this, 86 times since election day, 86 times... it hit a record, 86 times. and we are going to keep it going. and it does not stop there, in tweet after tweet of the tweet, the president has been praising the record highs on financial markets and taking credit for it. but how much of these skyrocket valuations can really be attributed to the president? one economist says this h

that is access to future chips being made by toshiba.cally, they get access to the factories that toshiba is planning to build going forward. several executives have been suspended on allegations of .exual harassment the nfl network has suspended a hall of fame running back. suspended two men from appearing on its network during the investigation. inthis was originally filed october. it was one day after the harvey weinstein story broke. when i was speaking to the there wasn't said a greater understanding of sexual harassment. she filed an amendment naming names, naming these executives and household football player names. .hat has brought awareness startedpany has trading. openedtribution company up, stomping it home. on the abu dhabi. it is the fuel retailing business. what does it mean for the markets locally? >> it is difficult to overstate the importance of this event. this comes at a time when we are new statea bunch of owned energy champions in the gulf region to come to market, not least of which is saudi aramco. adnoc managed to

that is access to future chips being made by toshiba. they get access to the factories that toshiba is planning to build going forward. >> several ex-nfl executives and players have been suspended on allegations of sexual harassment. the nfl network has suspended a hall of fame running back. heath evans and ike taylor. espn has suspended two men from appearing on its network during the investigation. >> this lawsuit agains the nfl network was originally filed in october. it was one day after the harvey weinstein story broke. when i was speaking to the lawyers, they said there wasn't a greater understanding of sexual harassment. how pervasive it may be in workplaces. yesterday, she filed an amendment naming names, naming these executives and household football player names. and so that has brought awareness to how pervasive they allege this sexual harassment was at the nfl. >> adnoc has started trading. the distribution company opened up 16%, stomping it home. 2.76 is where we trade and change. they debut on the abu dhabi. it is the fuel

betty: china has opened a review of toshiba's since 2012.y has outlined a 90 day timetable to find a successor. flash memory chip sales saying a concern of the role. toshiba may have to offer assurances that the final deal will not hurt competition. china is the world's latest market for semi conductors and building its domestic industry. hynix as part of the capital group buying toshiba's operation. haidi: china has ordered its biggest energy explore to cut its natural gas to help ease shortages as winter begins. beijing has been scrambling to secure more gas for residential use as part of a plan to tackle revolution -- pollution. switchingata shows residential uses to guess has pushed demand up 19%. betty: the former pboc economist says the bank should stop it focus on growth and tackling debt. that story is up next. this is bloomberg. ♪ is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines

moving now to memory chips. because of toshiba's moved to sell its business. its business. hardware ishe brain that runs computers and smartphones. computers and smartphones. for more, i'm joined by alicia santorellii. i'm joined by alicia santorellii. microchips contain gigabyte ‘s impact in videos and pictures. impact in videos and pictures. computers, smartphones and other electronics. electronics. this space include intel, sk hynix and also from taiwan, nvidia. and also from taiwan, nvidia. they want to make new memory chips. want to make new memory chips. year to the industry has by nearly 70% to be worth $122 billion. 70% to be worth $122 billion. business is in a so—called super cycle. cycle. projected to become almost 160 billion. billion. well is things like autonomous cars which all need advanced chips. which all need advanced chips. it is still a lot of competition in 2018. still a lot of competition in 2018. thank you so much. where singing your heart out is becoming big business. becoming big business. boots are popping up at shopping centres in beijing. centres in beijing

china opening up a review of toshiba's/memory chip sale.erned by the role that korea is playing in that. biggest market for semiconductors and is struggling heavily to build up as industry. is biggestso ordered energy explorers to cut their use of natural gas. china has been scrambling to secure more gas for its residential use as its plan to tackle pollution and the burning of coal. gasresidential use for pushed demand up 19% during the first 10 months of the year. adani enterprises is set to build australia's biggest coal mine, making a merger with the company and counseling it's deals with another company in queensland. his is due to the state's decision to veto the merger. singapore-based chip maker global a ntl electronics has filed for bankruptcy. had more than $1 2007on in debt during the merger deal when it claimed bankruptcy protection in new york. it said the rising interest payments prevented it from meeting the rising demand out there. coming up, in india, is the narendra modi magic failing? with its weakest result in years, we

vero bit coin cash which is a fork of bitcoin and along ideological lines and who had the truce a toshiba vision it's quite interesting cycle sociologically psychologically can you speak a little bit about what bitcoin cash is what people should be aware of it if they own it before august eighth they own it except era and then a little bit on the on the on the on dissociate logical aspect of it that i think you do well because cash is a hard fork of bitcoin and so there was a snapshot taken at the beginning of august where you know whatever number of koreans you had on the court and you know have on because in cash and all you have to do is get the wallet software that supports that load up your private keys and now you can transact on this new network which is ninety nine percent the same rules as bitcoin just a few changes on the back in of transaction formats and block sizes and whatnot and so really what we. around here is there is this ideological split between the the technical. changes that people think should be implemented in order to scale bitcoin to get it to reach more people

this brings the number of suits filed against toshiba and japan combined $1.5 billion.anking as the fifth busiest container port in the world next year. it felt by a second straight month in november. that makes hong kong the only one of the top five to report weaker traffic. expectsg intelligence china to pass hong kong on an annualized basis in 2018. in a moment, about told bring on electric avenue. it sounds like something out of , avel, tesla versus thor little-known rival that may give elon musk road rage. this is bloomberg. ♪ tesla recently unveiled an electric truck that elon musk says will hit the road next year. they may be beaten off the line by thor. let's have a look at the little-known truck maker taking on the big boys. ♪ >> this young man has it allle'a flamingo-pattern car, an office, a bunch of surplus military gear, then this incredible machine, and all of electric a salute that is both and giant middle finger to elon musk. dakota is the ceo of a two-year-old company called thor trucks based in north hollywood. trying one of a handful to bring electric

western digital, toshiba trying to settle their chip dispute next week.tern digital shares are rallying. >> sure. first off -- >> they've agreed in principle. >> yeah, i mean, look, you don't get that sort of news unless it's pretty near to being done that would be good for western digital. removes a legal overhang the stock is cheap in terms of toshiba issue, that's not where the exciting part is. i frankly think that apple is the more exciting part there because it's the winner in that pseudo auction for toshiba's chip business. >> what about michael kors >> i bought some yesterday and today. i think the stock regains highs. >> i think you're right. >> what about micron >> i also add to micron. >> you did okay all right. goldman sachs upgrades ingersoll rand to a buy today and downgrades johnson controls to a sell let's talk infrastructure, steve. >> so -- do we do that >> no, we didn't mention it. >> i don't know what's going on because we moved past that >> look, it's a regional call. johnson controls underperformed, financial metrics aren't there so

executives became a familiar sight this year, thanks to this long list of corporate scandals, from toshibaay when some of the biggest manufacturing firms were accused of bid rigging to win deals from centraljapan railway. is there a breakdown in how business is done injapan? 0ur correspondent said absolutely not. it isa correspondent said absolutely not. it is a resurgence of the japanese way of doing business. top quality. you know, as the world gets more competitive, as china is emerging as a real competitor, japan is upping the game. the control for super, super top quality, that is what this is all about. japan is actually getting better as we move. so will these revelations and scandals further strengthen corporate governance in japan? absolutely, you are making a very important point. you will remember around 1.5 years ago japan tightened its you will remember around 1.5 years agojapan tightened its corporate governance standard, so managers for the first time really in the history of japan the first time really in the history ofjapan are being held the first time really in the histo

in return, toshiba will and claims against western digital that could have cut the u.s.om the supply of new products. it looks like airbus will have to find a new chief executive. according to the french newspaper, the ceo tom enders will not renew his contract when it expires in may of 2019. us is as airby struggling with falling demand for its biggest plane. that's your bloomberg business flash. nejra: thanks, taylor. the surge in tech stocks. jpmorgan-chaseom says new investors are not to blame for. for more on this and generally discussion about active versus passive, let's speak to andreas utermann. andreas, i'm going to stay away from the blame game. i said we want to ask you, what is the biggest challenge facing active investors now? we were just talking about low volatility. is that it, or something else? andreas: the biggest challenge is to determine what is good value, relative to history and interest rates. you know, the biggest problem with low interest rates and qe was a significant increase in cross-sectional, cross regional collation. that meant it was muc

. >>> toshiba and western digital resolved their dispute that was holding up the sale of toshiba's memoryhip bchip business. the companies will jointly invest in a chip fabrication plant in japan. >>> verifone swinging to a profit beating forecasts they reported record services revenue, but the goins for fuid 2018 falls short. >>> airbus ceo tom earneds are not xhechcommenting on a report he will step down. an airbus spokesman said the decision about enders role is not decided by the french press or government but by the board >>> shares of amgen are trading higher the biotech firm is raising its quarterly dividend to $1.32 a share. inditex reported profit surged in the first nine months of the year the owner of the zara fast fashion brand says sales rose 10% as it dit benefited from continued and online expansion >>> shares of mongodb are lower, despite the company reporting better than expected third quarter results. the softwaremaker posted ed ed a narrower loss and issued fourth quarter guidance above analyst estimates. shares are off 5.25. >>> more on the stunning upset in alabama nb

it brings another of suits filed against toshiba. a combined $1.5 billion.ugh loans bond issued to refinance its debt. it would market their return to the international loan market for the first time in 18 months after selling unprofitable u.k. assets and focusing on india. shares closed 1.5% in mumbai. mumbai,lso surging in finishing this debt restructuring program, borrowing $6 billion. in october there were merger talks. they have been damaged by a vicious price war. program, piling on the pressure. can new sanctions pressure kim jong-un to abandon his nukes? this is bloomberg. ♪ cannot live without it. so if you can't live without it... why aren't you using this guy? it makes your wifi awesomely fast. no... still nope. now we're talking! it gets you wifi here, here, and here. it even lets you take a time out. no! no! yes! yes, indeed. amazing speed, coverage and control. all with an xfi gateway. find your awesome, and change the way you wifi. david: we are half an hour from the open of trading in singapore. this is a live picture. a hot and humid day in

toshiba is dropping claims that were aimed at stopping the sale by a consortium led by in capital. legal claims against western digital. airbus faces the prospect of having to find a new leader after the ceo has reportedly decided not to stand for a third term. aro french newspaper le fig said he will not renew his mandate. the news sparked a leadership contest as they grapple with a bribery probe and flat demand for its biggest airliner. a spokesman called the report your media speculation and said no decision had been made. that is your bloomberg business flash. thanks ray much. let's get back to the breaking etra tradingng the z system. angela runs the mid-cap stock coverage. what is going on with trading systems? angela: we are still trying to is to the autumn of what behind the disruption. the central system has been experiencing technical problems. eurex has been experiencing problems. there will be a delay. guy: which markets will be affected? to open on is likely time. how will this affect germany? angela: it is difficult to say. we do not have clarity. it issued an emergen

toshiba and western digital have ended a month-long legal battle.tern digital is dropping arbitration claims in the u.s. that were aimed at stopping the sale to consortium led by bank capital. in return, the japanese company will in its legal claims against western digital. ceo tom enders has reportedly decided not to stand for his third term. figaro says he won't renew his mandate for airbus. this is just as the plane maker grapples with a bribery probe and slack demand. i never bust spokesman told the report pure immediate and said no decision had been made. that's your business flash. anna: thank you very much. the ecb gives its next policy tomorrow. the market is still position for a stronger euro but he likes of deutsche bank are warning that investors aren't fully pricing the risk of a less dovish measures. dean turner is still with us. that shows thert expectation for when we start to see a hike. economists are not putting this is something that will happen next year. there are couple of outliers. assume 2019.t if we were to see an earlier hi

and clearing its debts — toshiba settles a lengthy legal dispute that would allow it to sell off a key the white house now and donald trumpno commission to pursue tax reform and other key changes that market wants?

toshiba says there is no agreement just yet.ts dividend by 20% and announced share buybacks through a program put in place a year ago. $1.71 per share, and the ceo says the strong and growing cash flow allows willing to provide competitive returns to shareholders while continuing to invest in innovation and growth. while, let's check in on bitcoin on theirn day two foray into international markets. the first bitcoin derivative coming into play, but, of course, volumes were disappointing. down about 3/10 of 1%. contracts have been priced as high as 38% of a premium. trading was down over 24 hours ago. our reporter has been tracking all things bitcoin for us, and we have had more than one day of bitcoin futures trading now. are we seeing anything i guess interesting? well, it has really been a wild ride, and i don't think any of us would expect anything less from bitcoin. the price of the futures surged to as much as 13% over the underlying asset, and it prompted two trading halts. because ofme delays the huge traffic it has seen,

the dispute between toshiba and western digital may be ending.ba's $18 billion sale of its flash memory business. in return, toshiba would agree to continue the two company's joint venture. it would be the biggest acquisition in the tech sector, and broadcom will let be increasing its $105 billion offer to buy qualcomm. the company is waiting until closer to qualcomm's board meeting in march. broadcom plans to nominate directors to qualcomm's board. billion air paul tudor jones shaking up his hedge fund after a wave of withdrawals. are closing their discretionary macro fund and letting investors shift to the main fund, where jones himself will take a larger role. since june 2015, tudor center management has fallen by roughly half to $7 billion. that is your bloomberg business flash. francine: senator john mccain gave a boost to markets yesterday by throwing his support behind the senate tax bill. stocks soared with the dow jones rising more than 1% in more than 72 days. economists published their 2018 outlooks, proving global growth will reach 4%

bitcoin is ation and now hyper big clint ization i believe was coined by the fellow who runs this a toshiba instance it was his name that appear a short i believe now so the guy is even is kind of a root reclose but we'll get it i'm sorry it's who are missing their name but so hyper because it is asian essentially means that that is not going to happen until at least we fix the scale ability problems so you know that's what we're really hoping these second layer solutions will do and and really that's going to continue to be an experiment of we're going to see a lightning network come online and possibly even other second layer networks and then bitcoin as andrea's antonopoulos has said it's going to continue to fail to scale and so we're going to hit road bumps we're going to have growing pains people are going to complain about this or that and then we're going to fix the problems i mean it's all software and so the software engineers are going to see the problems fix the problems and we're going to move forward in the because i'm black call this is something i thought of just recently th

actually buy it the reality is because of the technology to toe shoes there's a hundred million sit toshiba's per no it's not a kit so what does what did i do with the big point there's a one hundred ninety six analogies you could buy anything as a matter of fact i could buy gold at a discount i got a pack full dot com and i go buy gold at this guy go buy gold a sixty percent off with recording now you have to sell the big one you have to sell your bible and if you give her a credit card all you know how to sell the big oil you boiled called peach i just want to get back to a question of trying to ask you know people are piling in today's announcement on credit or invented the unknown a hold the what people say come on even a first in legal sign just how dangerous the situation we're now dangerous is that you know what people all remote getting and spending savings on big. look it is very dangerous that he has walked it is terry you think they're going to get rich quick. go ahead pizza yeah and look unfortunately the people people who got in years ago or even people i got in at the beginning

it has started exclusive talks for toshiba new -- toshiba nuclear project.s been made on supplying panels for the iphone -- iphone 10. just some stocks to keep on the radar there. sophie: betty: -- betty: think thank you so much. first up, the un security council will meet on friday to discuss president trump's decision to discuss to lose lum as the capital of israel. it starts the process of moving the u.s. embassy from tel aviv and up ends decades of foreign policy in the middle east. israel welcome trump's decision but arab and european leaders say it will trigger unrest and fracture the delicate peace process. president trump: israel is a sovereign nation with the right to determine its own capital. acknowledging this as a fact is a necessary condition for achieving peace. ahead of the uk's main business lobby is warning that the rising uncertainty about brexit is affecting every aspect of corporate britain. companiess will leave and investment will move a broad unless the government offers a clear pan -- clear plan. the man responsible for taking britai

toshiba's attempt to rescue itself. >> it has devolved into a very bitter legal fight.oks like they are getting , whicho resolving that means western digital has a future in the chip business. emily: how do you expect this to play out? if the broadcom/qualcomm deal happens, it would be the biggest ever in the tech industry. >> it is difficult to say. if all content get that in xp deal done, that would put them into position to much they should be worth more. if that does not happen, then maybe broadcom's offer to qualcomm shareholders looks attractive. looks like they could get almost $80 and be happy. emily: how long could this dragged on? goes all the way into a hostile takeover, we're looking at quite a long time. emily: years? >> i don't know about years, but we know the meeting coming up in march will be the main indicator of what will happen. king covers the chip industry for bloomberg technology. great to have you on the show. coming up, vmware has been diversifying to keep up with demand for cloud services. we will talk to the ceo about managing its performance.

. -- that could have derailed the sale of toshiba's flash memory business to a group led by bain capitalhave cut the u.s. company off from the future supply. -- plans to fire more than half of its 64 hundred workers in israel over the coming months according to an israeli business newspaper. they are trying to cut costs in -- dollars in debt. still ahead, a critical vote on the brexit deal in the house of commons. one rebel tory -- what rebel tories demand that could put the prime minister's government on shaky ground. ♪ vonnie: this is bloomberg markets. i am vonnie quinn in new york. mark: and from our european headquarters, i am mark barton. theresa may's flagship brexit bill returns to the house of commons for its seventh day of scrutiny. it looks like the government might lose conservative pro-europeans. meanwhile, eu chief negotiator gave high praise to prime minister may for agreeing to the divorce terms last week. i personally want to say, in response to a member of commons, that the prime minister, theresa may, is courageous and respectable, and i certainly respect her. let's br

toshiba have ended a lengthy legal baddie just legal battle that ended a deal.o auld derail this -- group led by bain capital. in return, toshiba will and claims against west digital that could cut the company off from his supply of products. looks like airbus left to find a new chief executive. will not renew his contract in may of 2019. this comes as airbus is struggling with a bribery investigation and falling demand with biggest plane. --di aramco is asking banks for the world's biggest share sell. according to people familiar, the oil giant hasn't told banks where it plans to list this shares. that is your bloomberg business flash. alix: thank you so much, emma. if fed hike is seen as a done deal today the fed meets but the question will be what it means for 2018. here's the chart we are good to show you all morning, dots . the white and purple line are the market expectations. joining us now, stephen stanley who has worked at the richmond fed. joining us from washington, tim -- duy. tim died is it hawkish, is it dovish. you guys have opposing views. st

that is access to future chips being made by toshiba.it suisse may soon be handing out so-called doughnuts or zero payout. what is going on? why no bonuses? >> we are seeing from the european investment bank will be especially for income traders. expecting to see a reduction of 10% on their phones -- bonds. it is mainly because of trading revenues. and for currencies, we are for most oft 20% the major european banks. there are bright spots as well in europe. ubs has said they will give natural positive bonuses this year. rbs reported yesterday about the bonds. has followed the fed and increased costs in open market and in lending facilities. the statement from the cboe saying it is a normal reaction to the u.s. tightening market conditions. it is this more evident move when it comes to monetary tightening? >> it is a move to try to keep rates in the same ballpark. have been on rates hold, the traditional benchmarks. because that is evolving. traditional benchmarks have been on hold since late 2015. keep overall borrowing costs in line wi

western digital up nearly 3% after the 2018 is bigger and more bullish than the settlement from toshibathese are some of the winners on the trading day. the fed will be putting out there fed policy decision, and we have the chart of the 10 year yield in the bloomberg. 7106, the at g #btv 10 year yield has been climbing because haven bonds are selling off him a consistent with the fact that the fed has been in a hiking mode. we also see for a good part of the year, we have the 10 year yield stuck in a range that is narrowing, suggesting we could see the 10 year yield dropped to the bottom of the range, closer to 2.2%, or perhaps a true breakout. either way, it suggests the trading range is likely to break in the relatively near future. hats the fed will give more guidance. as we have rates rising, that has pushed gold down 2.3%, below its 200 day moving average, suggesting it could have more weakness. look at bitcoin, bitcoin is another influence. as gold has basically dropped about 2% on the month, bitcoin up 160% as it made its debut on the sea boat in chicago -- cbo in chicago. vonnie

in september western digital had said the toshiba arbitration may take until 2019, so this would be earliern digital had planned. we will see how it affects trade for these companies, and suppliers as well. this goes across the value chain. let's put that aside and cross over to the story out of abu dhabi, the emirate has confirmed it was one of the main buyers or the mystery buyer of a da vinci masterpiece last month. itre had been reports that was bought by the crown prince of saudi arabia, but abu dhabi said it picked up the painting and is defending its $450 million price tag. >> we had an eye on this piece for quite some time. it was important for us to showcase the da vinci, especially after the da vinci on loan from our french partners. we have seen firsthand what a da vinci means for any museum. it is astonishing to see and know right now that there are 19 da vinci's in europe, one in the u.s., and now one in the arab world. it is an just anyone, important portrait that will rot cast our essence of acceptance and tolerance. it will be sitting side-by-side with some of the greatest a

emily: and toshiba's attempt to rescue itself. ian: it has devolved into a very bitter legal fight.r joint venture partner western digital. it looks like they are getting close to resolving that, which means the deal goes ahead and western digital has a future in the chip business. emily if the broadcom/qualcomm : deal happens, it would be the biggest ever in the tech industry. how do you expect this to play out? ian: it is difficult to say. if all content get that nxp deal done, that would put them into position to argue they should be worth much more. and possibly take them out of broadcom's price range. if that does not happen, then maybe broadcom's offer to qualcomm shareholders looks attractive. looks like they could get almost $80 and be happy. and close their books this year and look good. emily: how long could this dragged on? ian: if it goes all the way into a hostile takeover, we're looking at quite a long time. emily: years? ian: i don't know about years, but we know the meeting coming up next year will be the main indicator of what will happen. emily: ian king covers the

government >>> some stocks to watch today, western digital dropping its effort to block the shale of toshiba'semory chip business to an investment group the companies have been locked in a dispute since the 1$18 billion deal was struck in september. >>> disney nominating two new board members, oracle's ceo and ilumina's ceo. the election will take place in february disney currently has 12 board members including sheryl sandberg and jack dorsey. >>> elliott management is reportedly seeking changes at alexion pharmaceuticals. the new york times says elliott could launch a proxy fight as they try to boost alexion's share price. >>> still ahead a round up of the top headlines, plus more on that major brexit break through between the uk and the eu. the full details when we come back causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. >>

reportedly dropping its effort to block the sale of toshiba's memory chip business companies have beenin that dispute since the $18 billion deal was struck in september. stocks at this hour holding on to a moderate gain dow up 56 points quk t see wl ten. "sawonhetrt"il continue in a moment for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. >>> what is deutsche bank calling one of the biggest risks to the market in 2018? find out at tradingnation.cnbc.com more "squawk on the street" coming up. ♪ a wealth of information. a wealth of perspective. ♪ a wealth of opportunities. that's the clarity you get from fidelity wealth management. straightforward advice, tailored recommendations, tax-efficient investing strategies, and a dedicated advisor to help you grow and protect your wealth. fidelity wealth management. >>> good morning, rick

. >> very cool, so entered into a supply agreement with toshiba tell us about that one of the largestor player in laptop a line of products, wearable, and buying smartglasses from vuzix, a multimillion-dollar contract same in first quarter see a lot more. >> you don't have augmented reality or a.i. will be left behind every industry using. >> it doing things 500%, hard to ignore. >> schoocool, thank you so much good to see you, inventing expiration self-made plrnr millionaire and movie loosely based on our life. good thoouz . thanks for joining us. i'm maria bartiromo, tuesday, december 12 top stories right now 8:00 a.m. on the east coast, decision day alabama pols open as voters decide between republican roy moore. >> the highly contested. >> when people say they don't vote for you that is a giveaway amazing at some point we got to stop looking like idiots to the nation. >> politics permanent destruction tried to destroy donald trump tried to destroy roy moore you saw how they did this nothing too low for these people to do they don't know about them right. >> when we go high they on

also in the programme, clearing its debts, toshiba settles a lengthy legal dispute, finally allowing

toshiba and its dispute with western digital. they will abandon the lawsuit and invest in the future. it down to the wire with a vote to close to call. we are live in montgomery as polls close. welcome to "bloomberg markets: asia." it is just past 12:00 p.m. in sydney, 9:00 a.m. in hong kong. we have the polls and alabama, covering ahead of the special -- montgomery ahead of the special election. we will talk about the chinese appetite for u.s. debt. this chart plays into how things have changed in terms of this debt binge on u.s. treasuries china has had over the past decade, doubling its hold over u.s. treasuries. that is starting to resolve because of a steady currency. you can see this conference relationship between where the dollar-yen exchange rate is, and the levels of chinese treasury holdings. we have seen this fading of appetite for holdings at an inopportune time, when you have a plan republicans want to push through already adding to a ballooning deficit for the u.s. we have a situation where china owns more than $2.