we like toshiba machinery in japan.panies selling to china if trade relations deteriorate with the united states where china moves away from u.s. domiciled company on goods they need to import or have production on and i think looking for regions that are outside the united states, maybe beneficiaries if it is a bilateral trade war where the rest of the world is not involved and it's just the u.s. and china going head to head on a trade war. also like gold from that perspective. that's toxic for bonds, that's toxic for equities that means lower growth, higher inflation. >> you mentioned toshiba, obviously a japanese company we've talked about how the japanese market on pretty much every metric is the cheapest major developed market in the world, but investors haven't cared. it's still well down this year, patrick. are you betting on japan or just betting on toshiba >> we are betting on japan that's a relatively new position for us we are starting to go long japan now. i think germany and japan get hit up in any news tha

suppliers that have stopped to supply into huawei such as panasonic and toshiba but no matter who is on the list china has and said what action it would take against these companies on the list for much of india there are media reports from the u.s. now that the chinese might cancel the meeting with donald trump in japan led to this month although you hearing what beijing hasn't formally come from any plans or provide any details of the meetings on the stylised of the g 20 but according to authorities who were briefed on the ranjan and told chinese media that the widely anticipated meeting could be a face to face negotiation over dinner instead of just a quick hand shake or a simple chat. of course that people are still talking about whether this summit or this meeting would be a replay of the summit in argentina last december but even if the 2 minutes scheduled it could probably only lead to the progress to the trade deal it doesn't seem like the venue for a definite of agreement so once we thank you very much. and now to some of the other business stories making headlines this morn

new toshiba. but there is evidence countering such claims several flying cars were on show at the $28000.00 geneva motor show and called the fun think of many visitors. just mostly i want to try that and lift off that's it i'm sure it's going to happen so it's not realistic to think you know it's not going to happen it's. alexandre won't be deterred by the naysayers his company appears to be going strong it has 25000000 euros in funding from dinah the parent company of miss eighty's. i don't like to stand still but to explore new realms that's what fascinates me. still there are limits. one thing that many people dream of that definitely won't be possible is be me up scotty it's great in movies but as long as the laws of physics hold we'll never be able to beam somebody up it would take too much energy here on earth. heading skyward and a flying taxi might be a pleasant if more modest alternative. aliens from outer space are a staple of the silver screen like intimidations 996 comedy sockeye film

so as bitcoin gets 200008 $110000000.00 per bitcoin people are going to be referring to this a toshiba which is $100.00 millionth of a bit coin interims of the 2nd layer and the importance of that to be queen as a unit of account i think it's quite interesting that brad sherman this week. actually said. the u.s. dollar is a unit of account and it's i mean if you know how we ended up with the fiesta. some riding on top of gold you know that credit system and all that stuff was built as a 2nd layer essentially on gold and yes that 2nd layer system whereby you know gold distortive fort knox and the bank of england. that the nodes those are the nodes in the gold system that allowed this global trade to emerge but it was always subject to cheating because it's a centralized ledger so now we have a decentralized ledger lightning and now big point because of lightning and that's the stuff that will follow it does allow the going to threaten the whois dollar as a unit of account i say you know because it is a millennial 6 retirement account right like a lot of my friends it's like no they don'

year anniversary of the genesis block 2019 you and trace mayor started 2019 on january 3rd with the toshiba's ron referring back to a previous episode when we mentioned that wall street derivatives work by referencing a base layer as collateral if you were remove that collateral by removing that base layer removing your private keys in this case for bitcoin you would destroy all the katyn layers of debt on top of that all the leverage would collapse and so this is on like gold and silver were removing that from the market was expensive and not practical so ungenerous 3rd of every year ie simply have proof of k.'s you know you are removing rickey's from the from the mix from the from the system and you prevent the overextension and overreact out cation to take place and it exerts stamp it exerts the rights of the hadal or of last resort as are called of the bitcoin holder reasserting their their status also january $21000.00 thera more and more people react but bankers continue to enter the space and my question is will bankers wreck big coin. or will bitcoin wreck bankers oh i think bankers a

printed faces in order to deceive apple face id to toshiba or it's a growing trend to include those whom. so far the german black market usually deals only with conventional data you can buy lists of names addresses and financial information for 6 to 10 europe's. no one seems to be offering biometric data not yet and it seems to be merely a question of time until they do but the are far of the experience has shown that all databases are hackable and have been hacked are good. we finally get a response from the person who offered to sell us a fake passport. he wants various kinds of data a fingerprint scan a copy of our reporter's signature and an id photo. he shows us a sample of how the fingerprint scans need to look. we agree to this deal for journalistic purposes only. this person does not operate on the dark web which is unusual we used a computer program to generate the fingerprints and the id photos so no such person actually exists. we send off the data and add aquarian about the passport. will this data be in the chip. and. they say they can forge passports that have biometric fe

include alexa devices, amazon fired tablets and laptops, some products are already on sale including a toshiba discount on bats. 711 is ramping up convenience with hotspot deliveries, the chain expanding gets 7 now service to bring food and other items to customers in public areas like parks and beaches, shoppers must download the 7 now apps as the company hopes to expand hotspot delivery to hundreds of thousands of public locations so you can be on the beach and get a slippery. a group of fishermen reels in an unexpected catch. the group working to unhook a small shark, fishing line on the jersey shore. one man holding the shark's mouth open to set him free. the shark was released into the ocean. the crazy encounter going viral. that he was released, he is okay. 10 minutes until the top of the hour and just days from the first democratic primary debate which candidate has the most to lose in the crowded matter. next, a campaign strategist says someone will need a breakout moment to stay alive. we are stacking up the top contenders. >> making everybody feel welcome. ordering custom ink t-shirt

paul: toshiba will transfer its rights to process natural gas to france's total. -- $850l pay 800 50on to hand over the rights and expect to finalize the deal 2020. for the takeover of the lng business. they set their sights on becoming one of the world's biggest lng layers. shery: facebook is an early-stage conversations with a u.s. derivatives regulator about its plans for a digital currency. the commodity futures chairman said he was interesting but had not received the formal application for a digital going. they say facebook discussed the project -- project with mark carney. this is bloomberg. ♪ paul: 8:30 monday morning, market open 90 minutes away, futures looking weaker after -- a weaker close to the united states on friday. i am paul allen. shery: i am shery ahn. you are watching daybreak australia and let's get to first word news. su: china is willing to work with the u.s. to end an escalating trade war but won't into concessions. and afford acid official report blames the trump administration for the collapse in talks and says the tariffs will make things worse for all sid

you will recall with toshiba, they were auctioning off their chips business and did not want it to gohey engineered a buyout between american buyers and local buyers. japan display has thrown up their hands. they need someone to come in and rescue the company. role and lety a chinese and taiwanese companies come in and help this company. it is deeply troubled. they need money quickly. the consortium that is now negotiating still wants to come in and take control of the company, but need more time. they want until the end of the year. japan display is concerned because they do not have that amount of time. they need cash before that as everyone is taking pay cuts and laying off workers. they need money sooner rather than later. paul: peter elstrom joining us from tokyo. theext, we are joined by former chief secretary of hong kong to get her thoughts on the protests against the new extradition bill. this is bloomberg. ♪ paul: this is "daybreak: asia." i'm paul allen in sydney. shery: i'm shery ahn in new york. weekassive protests this over the controversial extradition bill in hong kong