what options does toshiba have left?s is been going on for so long that i fear i might die of old age. peter: you have a ways to go. the chinese authorities have a say in this because their manufacturers by many of these chips from toshiba. they put them into finished programs like it shipped over the world. the government has a very significant say in this transaction. specifically they are concerned about the influence of the south korea memory chip maker, which is part of the consortium of buying into toshiba. that would unify some of the bigger players in the markets. they're concerned about pricing for most companies. rishaad: it was a pleasure. asia tech managing editor. we will be speaking to s&p global ratings had of corporate research on the global leverage finance market and where we are. ♪ ♪ it is 10:29 in hong kong, 12: 29 in sydney. -- research shows bond investment fell last year for 12 months earlier. that was driven by a drop in chinese investment in america .rom $49 billion to $29 billion u.s. national s

toshiba.t is believed to be considering new students for its with the may 1 deadline to sell its unit led by bing capital. up by more than 5% in the session, 4.5% closing out. the biggest intraday jump we have seen since november. eid, tell us about it. >> the main news today is that they are all but guaranteed to miss the deadline. this would be the second deadline. there's another one that has just been set, reportedly by the chinese authorities on may 28. that's the next day to watch. amidst all of this, what we are hearing from sources is that toshiba has started a way, a possibility of other option for the chip unit, including possibly an ipo. resultthis will probably in higher sale price for the unit, and that is why the shares have been going up. >> do you think -- they haven't decided if they will make the sale, but as the chinese put that data in for coming to the conclusion, why is china involved in the first place? >> that's a good question. essentially there's a few things going on

japanese conglomerate toshiba welcomes its new chief executive.e channel and across business programmes for sometime now, as the scandal has been going on for several months. the former banker has a major task ahead of him. turning around toshiba's fortunes after massive losses and an accounting scandal. meanwhile, right here in singapore, on tuesday, this city—state plays home to finance ministers and central bank governors of asean. that is the association of southeast asian nations. there is a lot to talk about, as you can imagine, with an impending trade war between the united states and china, and what kind of impact that will have on countries out here in the region. the summit is scheduled to last four days. meanwhile, in new york on tuesday, music streaming service spotify will make its trading debut in a rather unusual share sale. the company will list its shares directly on the new york stock exchange without relying on underwriters and investment banks to help assess demand and set a debut price. and just before we go, a lot of the mark

toshiba is denied reports it is considering dropping the sale of memory chip unit.id the sale be canceled if toshiba does not receive approval from chinese antitrust authorities by the end of may. but toshiba says there are no plans to abandon the deal and the transaction will go ahead as soon as possible. >> chinese online healthcare platform is launching an ipo in hong kong that could raise more than one billion u.s. dollars. they are taking orders through thursday and expect to begin trading on may 4. citigroup and jpmorgan are joint sponsors. it is formally known as ping an health care and technology. next, it has been a volatile few weeks for tech stocks. concrete numbers this week on how bad news will affect bottom line. every the of this week's tech earnings are coming up. reporting first on monday. this is bloomberg. ♪ this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to delive

toshiba is selling to cover billions of dollars in losses at the u.s. nuclear arm. the white house says they have no current plans to regulate amazon. president trump continued his twitter tirade, repeating that the u.s. postal service loses money delivering amazon packages. the company reversed declines on use of the in action at the white house. haidi: hyundai motor shares are jumping after elliott management says it has bought a $1 billion stake, calling for a clearer plan to improve operations. the new york-based hedge fund praised hyundai forcibly find its ownership structure last month after years of criticism of its corporate governance, but they say more is to be done and they are seeking talks with management. the chinese food delivery giant closed their final agreement to acquire mobike. i am sure i am murdering the name, but what would this acquisition actually mean? sophie: this is from our sources. the shareholders of meituan have a great the deal. they willfully acquire shares of mobike. existing investors will become shareholders of meituan. the deal

toshiba is denying reports it is considering dropping the sale of its flash unit. said the sale to the group could be canceled if toshiba doesn't receive approval from chinese antitrust authorities by the end of the may month. but there is no plans to abandon the deal and transaction will go ahead as soon as possible. kathleen: chinese online health care platform is launching an ipo in hong kong that could raise more than $1 billion u.s. they are taking trading through may 4. citigroup and j.p. morgan are joint sponsors. it is currently known as a different name. paul: the chairman of north korea -- of korean airlines apologize for the behavior of his daughter and said she and her sister are leaving the company. emily joe is reported to have sold and advertising -- insulted and advertising executive and through water in his face. he was jailed after ordering a plane back to the states when she thought she had been served nuts in the wrong manner. jong-un: coming up, kim has suspended nuclear tests, but there are strings attached. insight from the peterson institute

but they haven't spent the time to read the bitcoin block chain white paper there are hundreds of toshiba's white paper where it all started and i feel like most of the times people who are very experienced in business don't understand block chain one on one and that's also a big problem with hiring this is a true for anyone in this industry i'm sure they're all facing it that you found someone who can be a v.p. of marketing you know sales force or she know sales force and part but they know nothing about block chain one hundred one and how to operate in this space what's the what's trust decentralisation really mean people bring their assumptions and their experience and they hear a few things and then they just kind of poured over what they know and they think they know stuff so what is like with the one thing that a newcomer even experience as a technologist is missing about the block chain is if you will that the core belief system was that one. special sauce to feel well that they're missing i don't think it's special sauce i think it's reading the bitcoin. read it understand it and if

toshiba is likely to miss its chip-sale deadline. deal raising cash to offset losses at its nuclear arm. toshiba has seen no progress from beijing, but hopes to sell the unit to a consortium by make, even if china's green light is a few days late. sinceng kong dollar fell the range was imposed since 2005. the spot rate reached 785 on thursday according to new york-based traders who saw the move. the hong kong monetary authority is obliged to buy the hong kong dollar if there are such orders. such moves would push up interest rates. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. i am paul allen. this is bloomberg. markets, aon the mixed session, but asian stocks set to snap a three-day prize. thee may be back on with chinese ministry of commerce saying there have been no new goshen's yet on the trade negotiations yet. let's take a look at the market. the hang seng has erased gains. u.s. futures are pointing higher. isseoul, korea, the kospi fluctuating and k

he'll be our reporter on the ground he'll be on the plane make it jamie diamond talking about the toshiba aka moto at burning man in twenty eighteen and that's a cause. effect that coin has on the mind is the jamie diamond is not as dumb man is not a stupid bag he does have functioning brain cells what happens is the block chain starts to reorient those brain cells like gravity effect on a star or a planet or this table or this earth it just changes the way the architect of your mind works especially if you're in the financial industry to begin to understand that you now are an apostle of social nakamoto so i want to talk about like he had mentioned. that governments would respond if the individuals had too much sovereignty that they're going to smash you they're going to throw you into a gulag they are going to destroy you they will not let you become more powerful than my bank you collectively more powerful than my bank so there is another story related to that that shows that well in fact. bitcoin is censorship resistant you can try all you want to restrict us to put it down but the wh

s will be made by two shiba and carry the in-house and signee a brand and toshiba will stop making t.v.'s that feature the roku streaming television player best buy already sells amazon's kindle reader and echo personal a sin. and in this new phase of their partnership best buy will be allowed to sell their t.v.'s on amazon. the idea of the broke boleh meal has become a staple on reporting on that generation in the u.s. and according to recent research there may be some truth to the cliche data shows that just over two thirds of the l's are more than two thirds crazy right have nothing they do not say that all for retirement because wages are so low while the cost of higher education is rising a significant number of younger workers are more concerned about protecting social security also security has been under fire since its creation under franklin roosevelt president back in the thirty's now millennial are pushing back in support of the program millennial rap rap or party b. has even voiced her opinion on the subject saying in a recent interview that f.d.r. was quote the real make a

he'll be our reporter on the ground will be on the plane and make it jamie diamond talking about the toshibaaka moto at burning man in twenty eighteen and that's a kind. of effect that coin has on the mind is jamie diamond is not as dumb man is not a stupid bag he doesn't have a functioning brain cells what happens is the block chain starts to reorient those brain cells like gravity effect on a star or a planet or this table or this earth it just changes the way the architect of your mind works especially if you're in the financial industry to begin to understand that you now are apostle of social nakamoto so i want to talk about like he had mentioned. that governments would respond if the individuals had too much sovereignty that they're going to smash you they're going to throw you into a gulag they are going to destroy you they will not let you become more powerful than my bank you collectively more powerful than my bank so there is another story related to that that shows that well in fact. bitcoin is censorship resistant you can try all you want to restrict us to put it down but the who

for but they haven't spent the time to read the bitcoin block chain white paper haven't heard the toshiba's white paper where it all started and i feel like most of the times people who are very experienced in business don't understand block chain one on one and that's also a big problem with hiring this is a true for anyone in this industry i'm sure they're all facing it that you found someone who can be a v.p. of marketing you know sales force or she know sales force and par dot. but they know nothing about block chain one hundred one and how to operate in the space what's the what's trust decentralisation really mean people bring their assumptions and their experience and they hear a few things and then they just kind of poured over what they know and they think they know stuff so what is like with the one thing that a newcomer even experienced as a technologist is missing about the block chain is if you will that the core belief system was that one. special sauce if you will that they're missing i don't think it's special sauce i think it's reading the bitcoin. read it understand it and

but they haven't spent the time to read the bitcoin block chain white paper there are hundreds of toshiba's white paper where it all started and i feel like most of the times people who are very experienced in business don't understand block chain one on one and that's also a big problem with hiring this is a true for anyone in this industry i'm sure they're all facing it that you found someone who can be a v.p. of marketing you know sales force or she knows sales force and part. but they know nothing about block chain one hundred one and how to operate in this space what's the what's trust decentralisation really mean people bring their assumptions and their experience and they hear a few things and then they just kind of court over what they know and they think they know stuff so what is like with the one thing that a newcomer even experience as a technologist is missing about the block chain ethos of you well the core belief system was that one. special sauce if you will that they're missing i don't think it's special sauce i think it's really in the bitcoin that i. read it understand it

s will be made by two shiba and carry the in-house and signee a brand and toshiba will stop making t.v.'s that feature the roku streaming television ploy or best buy already sells amazon's kindle reader and echo personal assistant and in this new phase of their partnership best buy will be allowed to sell their t.v.'s on amazon. the idea of the broke boleh meal has become a staple on reporting on that generation in the u.s. and according to recent research there may be some truth to the cliche data shows that just over two thirds of the l's are more than two thirds crazy right have nothing they do not say that all for. hiraman because wages are so low all the cost of higher education is rising a significant number of younger workers are more concerned about protecting social security also security has been under fire since its creation under franklin roosevelt president back in the thirty's now millennial are pushing back in support of the program millennial rap or rapper carty big has even voice her opinion on the subject saying in a recent interview that f.d.r. was quote the real mak

the chip prices soft especially as they go into the deal with pain to get to achieve -- bain to get toshiba quarter in a row of better than expected results, from sk hynix showing resiliency. betty: a little more legs in this cycle. stephen: three month ago, we were saying it was iffy. we will push it down the road a little bit. will see how that all translates to the market open in seoul in a couple of minutes time. amazon working on yet another big bet. robots for the home. prototypes in employees homes by the end of the year with the consumer rollout possibly following in 2019. .et's go to mark he joins us from san francisco for more. tell us about this top-secret project underway. amazon in california, south of san francisco, has a large team working on a robot home. this would be sort of a mobile alexa, mobile echo, that would follow you around your home, taking in moisture than commands. >> is this based on customer feedback? mark: i don't know. seems like something that the technology industry has been tantalized over for decades. the remember the jetsons from decades ago. we all rem

be the exclusive seller of ten 4k and hd fire tv models they are built by insignature fleeia and toshiba in stores, website, and best buy will now be a third party seller on amazon.com for these tvs amazon of course makes the fire tv best buy is aiming to be the first place consumers go for their connected home needs and jolie says these tvs have the alexa capabilities that kbt with the smart home. he also said we are the place where these technologies get showcased. they have been selling echos, e readers and tablets for ten years. in a quote by bay doze, he says the last five years since uber came to best buy have been remarkable i mean the turnaround from just a business case study review is going to be written about and talked about for a long time amount of bit of a brow rans going. >> who makes the tvs. >> toshiba and insignia. >> amazon branded television sets >> no, well, they are insignia. >> the operating system is amazon >> so when you turn the tv on you have got am prime already loaded up on your tv >> and you can talk to alexa. >> we are seeing irs sha of roku trading lower.

hadn't come around, this deal would have been done a long time ago another deal you talked about toshibawhat is going on? >> that has been delayed as a result of the larger issues dealing with the higher ups. not mofcom but people higher in the government they have the third week of may and they hope they can close it, as well, before the third week of may again, there's a belief that everything has been agreed upon. but these are sort of almost held hostage to the larger issues going on. >> boy, are you right. think about broadcom they announced a buy back for 12 percent of their company. >> right. >> it's most inquisitive. >> when you think about the companies in front of mofcom or toshiba, apple, c-gate it would send a chill beyond belief in terms behalf it would mean for m & a. >> it would hurt investment banking and m & a. >> it's interesting to look at nxp on the news we're sharing, only up 1% and still $12 below the price. again, it's going to be weeks, potentially. they are expected, as i said, to extend the merger agreement for a couple of months >> it's important people realize

rishaad: breaking news coming out of toshiba.e have a date on the .onsumption -- consortium presidentn new york, --mp is saying his own getting back to our top story on syria and the united states claiming they are ready to hit a sad iff necessary -- as necessary. where does this leave the coalition of the french, u.s., and u.k. against beijing, russia, and syria? as we know, the attacks that happened over the weekend were very well telegraphed and did not come as a surprise to anyone. it was impressive to a certain extent that president trump was able to gather the allies to participate in those. it was really a message to russia more than anything else oft it's reported use chemical nerve agents against expatriate russians in the united kingdom or syrian civilians would not be tolerated. this is a redline and there would be a price to pay if those types of activities continue. rishaad: what are the next steps? if we have more sanctions on moscow, where does that lead us? it's mixed messages. we have the expulsion of the diploma

toshiba in the limelight, slipping. falling the most since march 2011 in tokyo.h forank you very the latest on the markets in hong kong. western news has taken further steps toward possible military action against syria. president trump spoke with his defense secretary james mattis and theresa may will recall -- an emergency meeting. the latest attack by you many rebels. joining us now is tobias, our middle east managing editor. good to see you this morning. to what extent if at all can we -- we have missiles coming in from yemeni rebels into riyadh, being shot down. we also stand -- understand that riyadh has not some kind of counterattack. that is nothing new, but it comes within the context of syria. put it in context for me. >> it's not the first time we've seen something like this. in november when the minister resigned abruptly one afternoon, is difficult not to wonder whether it's a coincidence or not. some say it's not a coincidence, but it could be more opportunistic by the rebels who have stepped up their attacks since november. we see more missiles, on

. >> pelley: the sponsors, which include lego, the toy maker; toshiba; exxonmobil and general electricthe lab holds 302 patents, and counting. >> caleb harper: we're inside of the lab. >> pelley: caleb harper's idea is so big, it doesn't fit in the building. so, m.i.t. donated the site of an abandoned particle accelerator for this trained architect, who is now building farms. >> welcome to the farm. >> pelley: he calls these "food computers"-- farms where conditions are perfect. >> harper: they're all capable of controlling climate. so they make a recipe. this much co2, this much o2, this temperature. so we create a world in a box. most people understand if you say, oh, the tomatoes in tuscany on the north slope taste so good, and you can't get them anywhere else. that's those genetics under those conditions that cause that beautiful tomato. so we study that inside of these boxes with sensors, and the ability to control climate. >> pelley: tuscany in a box. >> harper: tuscany in a box, napa in a box, bordeaux in a box. >> pelley: now, these are plants you're growing in air. >> harper:

he said it would -- it would take substantial changes for toshiba.elling to aliens of dollars of losses at its u.s. arm. yvonne: amazon end of the regular session in the green after sources in the white house said the ministration has no current plans to regulate the company. president trump repeated his saying the u.s. postal service loses money delivering amazon packages. amazon reversed declines it had raise ont intraday news of an action from the white house. betty: accusing a samsung parent of using its messaging technology, a similar complaint against facebook last month. blackberry examining a potential suit they accuses a snap of infringing upon patents. two of those are among the seven blackberry patents in a suit against facebook filed march 6. spotify shares hitting the market with a whimper, not a bang. quite an unusual debut. this is bloomberg. ♪ morning inutiful hong kong, 7:30 a.m. wednesday in the city. we are coming back from a holiday, but also the eve of another holiday, a festival, so no trading. minutes away from asia's first mar

then there is the drama around the sale of toshiba's chip unit.ated to sell the group for $18 billion. but they say the unit is worth twice as much. toshiba does have the option to cancel the sale since the deal did not close by previous deadline of march 31st we'll see if they try to avail themselves of that option. >> all right are we pleased to bring in our guest host this morning? rlj company's founder and chairman, bet founder, bob johnson, media visionary, private equity god you're iconic. i don't know what you want to talk about but there is the economic backdrop >> right >> i want to get your view point. you have so many businesses and how things are going but i want to get your comments on the political environment as well and how it relates to the economic environment how is business? >> business is very good i believe that if you take into account the trump tax cut, you take into account the drop in unemployment and particularly unemployment for african-americans, it's the lowest it's ever been in history. and you take into account the

i'm watching toshiba after it announced they missed a deadline to sell the chipmaking business.issan which may -- an executive telling local media that is not likely. costco suchcript -- a result that announced results. the steelmaker has been trying to identify its business, getting into new materials and infrastructure. we are trying to see if there will be commentary regarding trump's tariffs. yvonne: will be watching that. betty: china's official manufacturing dates we mentioned showing activity rebounded in march with robust export demand. china correspondent tom mackenzie joining us from beijing. this is encouraging, amid the simmering worries so she mentioned -- sophie mentioned about the trade war. tom: it is a bright spot. these are the official manufacturing pmi data we are talking about. they did beat -- the strongest numbers since november. we had the holiday fx that are starting to fade your the lunar new year holiday that affected and distorted the january and february numbers, and of course you have seen this surge in overseas shipments. that has really driven a l

street journal that was reporting china is prolonging some of these deals reviews whether it is with toshibats chip units, qualcomm and an xp. doesn't look like these approvals are based on data or market-based decisions or factors anymore, but there is a political element in place in all of this as well. the vet have a chilling effect on how you see risk and how people do m&a this year? marc: i think there is a political element in those reviews, the question about that. nevertheless i think that those are looking at new acquisitions in the u.s. i have been talking to my colleagues. there is still appetite. it is clear it will slow down probably in the next few months, but there is a lot of appetite. three: you have acquired advisory firms in china, certainly preparing for a surge of chinese investment. where do you think the money is going to go? the u.s., the main market or other regions? just one. there are others one in france and one in the u.k., but in china we have been acquiring them, taking the matter, which is [indiscernible] ofwill continue a number chinese expansions, probably m

they just bought a stake in toshiba's memory chip business and that improves the performance of youromething that hp cannot do. they don't have the capital to spend on their own chips. samsung is the only one that can compete on that front, so we will see more of a two horse race then so far. tom: what is mr. cook doing us mr. zuckerberg goes after him? it is appalling to see them go after each other. this tim cook just a quiet and at the moment pass? alex: i think that is the case. i would imagine he wants mark zuckerberg to be seen as the teenager and he is a built in the room. -- he is the adult in the room. they have said, we do not want to monetize consumer data and they believe they are reaping the benefits. let's see how much facebook's subscriber numbers dip, if at all -- numbers dip, it would all. i don't think they will dip much. tom: alex webb, tech nerd, thank you. this,k armstrong is with as well. right now, let me tell you about your morning briefing in america from coast-to-coast. sirius xm and all of our radio platforms, bloomberg daybreak: americas state with this --

sense, what they are going to do is have televisions powered by amazon's smart tv operating system on toshiba buy's brand insignia. what do they get out of this, best buy, first time get access to online consumers on amazon which is good for them and amazon has more potential customers for its system that is have the alexa voice assistance. so, you know, look, it's good for both companies, yes, they are rivals but they are right they are very much integrated. stuart: both stocks are up. 15 bucks a share. liz: best buy almost died and left for dead six years ago. >> this is better for best best buy than amazon. >> the client base is so much bigger, so best buy will definitely leverage that better. stuart: huge. check the big board. now we are moving up a little bit. not that much, 40 points huer for -- higher for the dow. better profits at united airlines, the stock is up one and a quarter percent. look at southwest after the fatal engine explosion the stock virtually unchanged. never forget about ge, it bottomed around $11 a share bouncing now close to 14 as we speak. facebook provides a prev