enda curran joins us live from hong kong. -- enda: good morning.nt did this is the most important gathering of policymakers every year. it is where they said the growth target. we don't know what that is yet. they will not publicly announce it until march. when they send a message it is significant. they want to do more to stop growth. it is a dovish signal. china has promised much before, especially in the area of reforms only to disappoint. a lot of talk about taking on vested interest. only to fall short of what analyst expect. we'll see if he actually delivers on this going forward. " what about the supply side neck -- anna: what about the supply side? are we going to see china dealing with that? enda: it is an important shift. so much of the narrative on management is on the demand side. it is about spending, fiscal the schoolsk -- growth here it -- fiscal growth. stateinful changes to the of the enterprise sector. there are so many vested powerful lyrical interests in that sector that will require quite a head on a approach. it may lead to de

. >>> now, patrick is china researcher the amnesty international joining us live from hong kong.was referring to the climate, the current climate in china. what is the current climate? we understand that the president is making a high-profile crack down on corruption. >> you can see the trial is politically motivated trial. silencing these people you can see the lack of transparency in the court proceeders and lots of irregular at this in the proceeders that led to this morning's trial and also the crack down on the supporters outside the court, you can see how, you know, the severe situation is increasing in china on cracking down dissidents. >> so your complaint would be then, that due process hasn't been followed in terms of the judicial system and the way that mr. pu has been treated? >> we haven't seen due process being followed. in this case and also in some other cases on disdid he wants. we can see the lack of legal transparency leads to the lack of fair trail triol to these people and crack down on the freedom of speech in china. >> we have seen what appears to be someth

robin, joining us from hong kong. why does the chinese debt seem to be losing its appeal? robin: it does not seem to be working the way we thought it would. it is closing at about four year lows. advantage of chinese bonds and u.s. treasuries dipping to the lowest they have in five years. that is ruining the appeal of chinese debt. if they do decide to increase rates, that will be more bad news for the chinese. jonathan: it is jonathan in london. talk to us what is going on with the currency. give us a little bit of perspective and try to tie this into the imf decision a couple weeks back. yuan has dropped in eight of the last nine days. it was never expected to rise after the imf entry. what is happening now is, the feeling of the market is the pboc is trying to release some of the pent up pressure. it had been holding up the yuan for months before that. we had the devaluation and august. before that, we had billions of dollars pushing up the yuan. now, it is trying to release the pressure. that is basically, what the market is expecting. jonathan: we had this discussion

hong kong. began in an apparently illegal dumping ground for construction waste. the devastation here is just unreal. al jazeera's rob mcbride joining us frome is this ongoing search for survivors. what's happening at the scene, any luck finding people? >> reporter: that's right, this is the second day of the search operation. some 3,000 rescuers are now said to be involved, using a variety of different equipment, earth moving gear and so on. also moving equipment that detects sign of life. the coordinator of the search says in the last 24 hours ago, there have been six possible soundings ever people being alive by neat the surface. they have investigating all of, and sadly they have not reported any more survivors. we have report of one more body being sound. it is inconceivable there could be any survivors but possibly amidst this destruction there may be rooms or buildings still intact they might find people two days on. of course the search continues. many relatives, family members, neighbors are waiting for any news of the missing. there's also question about just how many missing people there are. now 85 is the official total but a nu

let's bring in sophia who joins us from hong kong with more. in on what we know about guo guangchang, and the possibility here of any wrong doing. >> yes. as you said, what we do know here at this point is that the company has said he's assisting authorities with an investigation. the company has not disclosed what the investigation is about, and who exactly is being investigated. he could be assisting with another investigation into a separate individual, if he had some sort of information about that. at the moment, it's inclear. it's sort of a stock phrase that's been used in a number of cases where many other business executives have been detained, mysteriously. now, the company shares were halted from trading on friday. they've since resumed today and immediately were down about 10%. now, the two companies traded in hong kong, both are linked to fosun group. they invest in everything from real estate to entertainment. they own club med and even a steak in cirque du soleil. >> he's often referred to as china's warren buffett. this is getting

he joins us live from hong kong. willy lam how significant is this buy?shaping coverage of its own country. >> definitely. this is part of a well orchestrated plan by the chinese government to boost its soft sided projection around the world. it will be used to project chinese soft power and also sure as ali baba will not be taken through rose tinted lenses. >> are you worried about the paper's future editorial independence? >> well, that is certainly reason for concern. actually, even before the preent acquisition, given ali baba and jack mar himself's close connection, the real possibility that the post will toe the line and beijing's representatives in hong kong. >> interesting poirnt you make because one of ali baba's officials say what's good for china is good for ali baba, on giant and the central government? >> no question about it, ali baba has been a major beneficiary. it's difficult to imagine after the acquisition of the post that jack mar in the morning post will come out with articles that are highly critical of the chinese government. moreov

the forecast is for a drop just below the $3.5 trillion mark. , whospeak to enda curran joins us from hong kongwhy are their expectations that there will be a fall in reserves? a: good morning. this is an important set of numbers we are going to get. it will tell us a lot about capital outflows in china. ago, money was leaving the country at a record pace for the devaluation. was burning through their own reserves at a record pace. aroundrom 4 trillion to 3.5. if the reserve picture continues to head south, that may stoke fresh fears that capital is again leaving china. somewhat, thats will add to the views among some at the capital outflow story has eased off. we have had all kinds of outflows in recent months. they have already taken steps to clamp down on money illegally leaving the country. if we turn to another part of the story, the chinese yuan, it fell the most in a week. i suppose that the debate is, are they prepared to let more volatility coming to that currency picture? this is the really critical question going forward the next few months in china. there is the view that they will

saly joining us from hong kong. anna: the latest addition to the imf reserves currency market.eijing. what does this mean for china's exchange rate? the applications for the currency first. tom: there is a single view in the market from some market dispense that having achieved their objective for the yuan, china's policymakers are going to shift focus and allow a competitive devaluation to boost exports. we saw it china's central banks coming up with a press conference earlier today. the deputy governor of the pboc was back against the idea, saying there was no basis or concern -- no basis for concern about depreciation for china's currency. even though growth is weak, it has been stabilizing since the beginning of the third quarter. we think china's leaders had enough shock in august when that and devaluation of the yuan two months of record capital outlays. we don't think china is in any hurry to see a repeat performance. our expectation we are going to and --tinued stability in china's exchange rate. guy: are the date that showing signs of stability? -- are the data showing

joining us from hong kong. ofin faces a period political uncertainty. party has of -- these are two new parties that took 100 seats between them. let's got to tom mackenzie. tom, how -- tom, good to see you. how are markets reacting? the bond markets are the ones to watch because they looked pretty relaxed leading up to this election, despite all of the noise. yields on the 10 year sovereign spanish around 1.7% at the end of the day on friday viewed -- they on friday. story,ack to the yield up more than 7% at the height of the crisis. they are much lower now. what plays out today is going to be crucial. clearly investors had hoped for -- the party of ram boy -- now it is looking increasingly unlikely. possible new elections have not been taken off the table here that could happen in 2016. oy might position himself as a force of stability. anna: as you were speaking, we got some movement on the spanish markets. the spanish 10 year bond falling. the yields rising to 1.74%. four basis points. the reaction the spanish 10 year bond. talk is 30 broader pictur

juliette joining us from hong kong. one voice within the central bank remains uncertain.ted president he favors a later lift off. >> i admit nervousness about our decision. i would prefer to have more confidence that i do today that inflation is heading higher. low level ofrrent core inflation, some evidence of upward momentum would bolster that confidence. i'm concerned it could be well into next year before the headwinds from the lower energy prices and stronger dollar dissipate enough so we see sustained upward movement in core inflation. : this fee was not restricted to the u.s. it has been a big project for mario draghi. we will find out how it is going to read eurozone inflation, a day before expected action from the european central bank. our guest joins us now. david powell is the chief euro area economist. david, let's kick off. scorecard and for the meeting we get tomorrow from the ecb. headline number expected. that is not enough to move the dial for draghi. of thes a reflection effect of oil prices. less in november than in october. reflected in the core level

we don't use too many hong kong flavors, but we use asian flavors from malaysia, singapore, korea, japan and mix it together. mrs. pound may not be real, but the food is authentic and customers feast on dishes like the pork belly. and the double fried chicken wings. >> oh boy. >> michelin star tim is the dim sum specialist. they opened in 2009 with customers digging in for fried spring rolls and rolled stuffed with barbecue pork. and yes everything tastes as good as it looks. actually even better. when celebrities and the uber rich need to get around a city this large they have a little secret. the best way to experience hong kong is to walk the streets to be amongst the locals. the best way to see this stunning landscape? by air. >> look at cities like new york, toronto, chicago. hong kong has that kind of skyline. >> a-listers have taken flights from the peninsula hong kong rooftop to get this view. >> operating off the peninsula hotel has to be one of the most unique opportunities as a pilot and a passenger. >> starting right here at the clipper lounge with views of the harbor. then i

anna: heidi joining us there from hong kong. manus: let's get more up-to-date in terms of china. fifth month for a in china. you can balance it out looking at the import site as well. that slumped for a record 13th month. shipments from the world's largest -- second largest economy dropping. anna: inflation data tomorrow could show that consumer prices .rew let's speak to malcom scott who is our china economy team leader. what does this continuing trade what -- mean. what are the dynamics involved? >> it looks overall like trade will decline in china. that's for the first time since 2009 since the recession. it means this drive to push economy, demand-related is only going to rise. it cannot export out of trouble anymore. it needs domestic demand to pick up so that the economy can pick up. like the global demand situation will be near strong enough this year this year, or even next year with a muted outlook. may not bef recovery enough to help revise growth in china. let's talk about the import side of the equation. does this give hope for any sign of a domestic reboot? too big t

we are joined from hong kong with more on this. christy, explain to us this legislation is, and, of course, what the critics are saying about it. >> yeah. this anti-terror legislation just passed in china is extensive with over 95 articles inside it. it's also a first. it's the very first counterterror law passed in china. it was passed on sunday by the standing committee of the national people's congress. it will go into effect in january and allow the country to be able to better handle and deal with internal security threats as well as to boost international security. earlier this is what we heard from a senior official with the public security ministry. >> translator: the violent terrorist cases that happened in china have caused a serious loss of people's life and property. terrorist activities have imposed a severe threat to the social stability, economic development, national unity and people's life and property. >> reporter: the entire counterterror legislation has some 95 articles in it. we've scoured them all. article 18 is the one that most pe

from ourt joining us headquarters in hong kong. we are keeping a close eye on oil prices today.t in opec as ministers had to a regular meeting in vienna. iran says the majority of members agree on cutting output, but not including saudi arabia and gulf states. chrysler is said to be delaying the introduction of some models as a knock on effect of the slowdown in china. a new maserati and an awful romero suv are part -- alfa suv are part of the vehicles that will not go on sale. u.s. trade in chinese stocks rose. tech companies leading the gains. by investorsven tracking the benchmarks, which added 14 chinese adrs. emily: what is the broader impact to chinese stocks? zeb: a very select group, but some of the biggest software names in china. alibaba sing a nice jump. -- seeing a nice jump. j.d..com as well. --jd.com as well. emily: thank you so much. emily: the man who runs the online photo company shutterfly is taking himself out of the picture. he will be stepping down as co and president next february after the company reported quarterly results. he took over in 2005 and the co

from hong kong exports to china. he buys carp at this auction every year. but he says wealthy chinese aren't spending like they used to. >> now in china it goes down, not so good. >> reporter: on the other hand, this man is eager to buy. he's a broker from indonesia. >> indonesia market, i think now growing. >> reporter: the country has been enjoying economic growth. as well as other parts of southeast asia. indonesia is a huge market with the fourth largest population in the world. many well-to-do young people are moving from jakarta to the suburbs where they have room to build big houses with gardens. >> the design, given the design offered to everybody who want to buy this house like this and then have a koy pond. >> reporter: he was keeping an eye on the large carp going up for auction but he wasn't the only one. >> maybe this is one. maybe. >> reporter: the price goes up and up but he got what he came for, more than 1 million yen bid, more than $8,000. he went on to pay an even higher price for another carp. >> i think it's good. >> reporter: the leader from hong kong was shopping in the $2,500 range. his stra

from hong kong buys carp at this auction every year. but he says wealthy chinese aren't selling them like they used to. on the other hand, he's eager to buy. he's a broker from malaysia. >> indonesia has a market. i think it's now growing. >> reporter: the country has been enjoying economic growth. sales are up. and the other parts of southeast asia. indonesia is a huge market with the fourth largest cooperation in the world. many well-to-do young people are moving from jakarta to the suburbs. where they have room to build big houses with gardens. the koi add to the atmosphere. >> giving the design to everybody who want to buy his house, like this. and then got them with the koi pond there. >> reporter: he was keeping an eye on the koi going up for auction. but he wasn't the only one. >> maybe this is more than 1 million. maybe. >> reporter: bidders sent the price up and up. 1 million yen bid. he went on to pay an even higher price for another koi. the bidder from hong kong was shopping in the $2,500 range. his strategy was to resell to younger customers. he bought 35 koi. more than any other buyer. >>

from january until march. are it, let us take a look at the markets. hong kong and china are currently closed for lunch.t has been a volatile session. this after u.s. rebounded and markets climbed, the much across the board. as you can see, some volatility. this is the picture in mumbai. i am back in half an hour, time now for bloomberg west. ♪ emily: i'm emily chang and this is "bloomberg west." coming up, "star wars" leaves the competition far, far behind in the box office. privacy please -- tim cook pushes back on critics who want access to encrypted information. and flying into red tape. if you are thinking of buying a drone for christmas, take note -- the drone registration site is up and running. "star wars: the force awakens" shattered records in its opening weekend. >> there are stories about what happened. >> it's true. all of it. emily: the movie rang up $529 million, more than disney anticipated. disney ceo bob iger sat down with an exclusive interview speaking with stephanie ruhle and david westin about the box office sales. bob: it's bigger than big and bigger than we thought it would be ye

from the u.s. federal reserve's. this week, bloomberg's munley china -- monthly china track showed a best reading since june. joining us to shed light on on all this, enda curran from hong kongto stop looking at this data on a weekly -- do we need to stop looking at this date on a weekly basis and look at the big picture? this is an economy that is going to go through huge transformations? enda: the bigger picture is that the world's second garza, me through a huge transition. second largest economy is going through a huge transition. we are seeing some of the weasition from the kened data. it is showing that at least in the area of transition it is working, but it still has some distance to go. that is where we are picking up with the data. can we say that the world's second-biggest economy stabilizing, and is it stabilizing at 5% growth or is it still at 6%? enda: the consensus is that it will struggle to get to 7%. where it ends up in 2015, we do not know for sure. one thing that we do know is we have had a whole plethora of fiscal stimulus measures by the government, designed to get credit on the economy. all that has taken some time to gain traction. that has disappoint

us, that is evan lucas. next, why banks from london to hong kong are porting the yuan.etails after the short break. >> welcome back. it is monday, december 21. let's start things off in spain. it is unlikely investors will be getting the clear result they wanted with no overall majority. a first crack at forming government, but it will have to be a coalition. centrists coming in fourth. a negative for spanish assets. the chinese you one stopped falling. we are looking at banks from , over $10to london billion worth this month alone. the retail market is drying up. markets open up your in a hong kong. three day jumped last week, 6.5% on the overnight rate there. three times what it is on shore. double a two. the third-highest ranking on the scale. expected to provide south korea with some coverage on weak external commands. good news. dollar-yen, when 2126. this one was tossed all around on friday. fairly quiet at the moment. south korean, nice upside there. down about 4/10 of 1%. what else are we seeing? about 1/5 of 1%. fairly -- let me wrap things up with the euro. wi

from those. detailed lookore at that story later on in the show and we want your opinion. please tweet us your thoughts. include #. alibaba group is buying hunt talk -- on john -- hong kong's boss is falling in the footsteps of amazon jeff bezos. pursuing the revival of a century old -- company news editor joins us now from tokyo. great to see you. give us some insight. why would an e-commerce company want to buy a newspaper? question.good alibaba is primarily an e-commerce company. their profits are growing quickly and revenues are growing quickly. like many newspapers, it is been heading in the opposite direction. they're fighting to hold on to their readers and advertisers. alibaba has interesting explanation for this. they say they see opportunity and media in china and in newspapers in particular. toe-chairman sunday letter readers of the newspaper and said that they plan to invest in the newspaper and expand and they feel like they will be able to combine their digital assets with the strength of the site -- south china morning post to be able to grow it in a way that is not been able to in the past. profit declines for the south china morning post for three years.

us from tokyo. let's take a look at some of the other stories we are watching. with the roundup. : hong kong was the first to react, raising its a suit rate for the first time in nine years. they raised the rate. the economy has weakened with they are awash with record amounts of cash. trade balance fell into the red again last month, reversing a surplus in october as the value of exports exceeded imports. 3.3 percent from the previous year. chipman's to china, the biggest trading partner, fell more than 8%. more than 8%,d falling for the 11th straight month. been negatives for 49 of 57 months. third avenue received approval to suspend shareholder withdraws $789 million high yield bond fund. this comes after they canceled a controversial plan to freeze assets for a year or more. the sec says they have approved the request by the company will be required to put in investor and market protections. chair, janet yellen, commented on this issue, saying the high yield bond fund was , adding the unusual spreads in high-yield markets have been rising since last year. coming up after a short break, l

hong kong, they're lax. >> reporter: smugglers use the post office near the border with mainland china. they say one box of ivory arrives from zimbabwe almost every day. the tusks are well hidden beneath wrapping paper in packages that weigh about a kilogram. and authorities rarely seize them. about 80 carriers transport packages for the smuggling organization. they hide the ivory among other belongings, then pretend to be tourists crossing over to the mainland. members of the smuggling syndicate pay bribes to some chinese custom officials and a carrier is passed through the gates when those officials are on duty. >> translator: the carriers get about $70 per trip or $160 for two. there's a lot of money for people in the mainland. the ivory goes to beijing and shanghai. >> reporter: chinese president xi jinping has pledged to crack down on the illegal trade, but he must also contend with the belief among many of his citizens that ivory products are treasures that bring great luck. nhk world. >>> japan's aviation industry is taking off. one company has developed the nation's first commercial aircraft in half a century and a c

from hong kong. >> reporter: search operations are continuing today, a second day. some 3,000 rescue workers are now involved. they are using an array of different earth moving equipment, also equipment used to detect signs of life below the surface. the coordinator of the operation said that in the past 24 hours or so on six separate occasions they have detected what they think were signs of life. they have dug down below the surface, explore tree digs looking for any survivors, but as yet they have found none. it does seem difficult to believe that people could still be alive under this suffocating wall of mud that has swept through the buildings, but they have to work on the basis that some structures may still be intact, there may be air pockets and two days on from this tragedy there are survivors there. certainly, there are a number of people who are at the scene or nearby the scene waiting for news of their loved ones. there's still some question over how many people are missing. 85 is an official total, but a number of people who lived in that area who were eyewitnesses to what happened numbers of families were comp

. >>> passengers on a cathay pacific airways flight from san francisco to hong kong received a small care. the airlines tell usey nonspecific threat before the departure. authorities took everyone off the plane and searched the plane and passengers and let everyone reboard. the plane took off more than three hours later. >>> no bail for enrique marquez, the man authorities say illegally purchased the assault rifles used in the december 2nd terror attack in san bernardino. a judge ruled today marquez poses a continuing danger to the community. he's charged with conspiring to provide material support to terrorists for abandoned plots in 2011 and 2012. he's a childhood friend of syed farook as well as his wife tashfeen malik who carried out the mass shooting that killed 14 people. >>> this man is being charged with terror threats in an incident that prompted a richmond neighborhood to evacuate last night. police acted on a tip that william selly planned to harm the local muslim community. officers searched his home and found an explosive device. no one was hurt. >>> a judge ruled that the san francisco officers a

hong kong live if you're just joining us. watching 2016 brought in in style in hong kong. we're watching the celebrations around the world. >> fireworks, the color. >> it's coming from the grounders. >> we're going to hong kong. now they're really showing. >> okay. goals. heading to hong kong for new year's eve some day. >> we're coming. >>> wow. back here in the bay area, it's spectacular as well. it might not be to that extent, but the final preparations are are underway for tonight's big new year's eve celebrations. >> hundreds of thousands expected to be out in braving the cold. christein kafton, you've been in san francisco all morning. how do they also plan to keep it a safe celebration? >> that's one of the things that police are working on is making sure this is a safe celebration. but i think we're going to give hong kong a run for their money. i think we need to make sure we get on the map so when everybody is looking at our west coast new year's, everybody else will be envious of that, just like we've been watching all these. a little less than 16 hours to go and counting. we've been watching the clock all morning long. blue skies, light clouds or light winds here.

from his tribe in kenya. but he has made the tripe to hong kong with one mission. to ban the ivory clean. back home, we thought this would stop. all of usound shops. >> touched with ivory. hong kong is the world largest retail market in ivory, and many believe a transit point. shops along the busy road. they are full of licensed dealers selling ornately arrived pieces, fetching huge prices fed into the market. >> it's a bad business that really needs to stop. >> it's that message that he and erts took to the streets of hong kong. leading the march was jamie gamer, a kenyan running an 85 member team back home. that is the most devastating thing we can see. trade and registered ivory is allowed inside hong kong. >> the idea was that trade would continue. more than 25 years later stores are trading and activists say i'very is being smuggled in. this shows a licensed dealer discussing how to smuggle product into china where it's banned. with china and vietnam the two big markets. conservationists are trying a new tact. they are photographing celebrities with endangered wild life. >> celebrities are powerful. having people epps local get att

used to have a lot of european buyers. >> reporter: this graph shows export sales of these and other aquarium fish. over the past ten years, the biggest increase has come from hong kong. the doorway to china. that market has started to shrink, though. this man is from china. he buys carp at this auction every year, but he says healthy chinese aren't spending like they used to. >> in china, now not so good. >> reporter: on the other hand, he's eager to buy. he's a broker from malaysia. >> indonesia, at the market, i think now slowing. >> reporter: but his country has been enjoying economic growth. sales are up compared to other parts of southeast asia. indonesia is a huge market with the fourth largest population in the world. many well-to-do young people are moving from jakarta to the suburbs. where they have longed to build big houses with gardens. koi add to the atmosphere. >> some developers design offer to everybody who want to buy this house like this and then put a koi pond there. >> reporter: he was keeping an eye on the large carp going up for auction, but he wasn't the only one. >> maybe this is more than 1 million, maybe. >> reporter: bidders sent the price

hong kong rang in the new year an hour ago. the city had an impressive from everywhere. isn't that beautiful? 2016 arrives in china. it will be here tonight for us. we have teamed up with the greenville news and asheville citizen times for the holiday sunshine fund. every dollar goes to someone in need in the carolinas. today's count is $6,343. our grand total is $96,000. you can send you get to po box 1688 greenville, south carolina, 26902 or give online. but for the holiday sunshine fund on our homepage. dale: cloudy this afternoon and evening. tomorrow will be dry. temperatures about 10 degrees sunday. sunshine is back and looks like it will last all the way through wednesday next week. getting a chance to start the allyson: that is great. i think we have a live look at times square. plenty of people lining up. join us back here live at 5:00 with the latest on that big game happening at 4:00. dale: there is a game at 4:00 today? we might have to watch that. allyson: thank you for having us. >>> lights, camera, access. >> breaking news, bill cosby criminally charged. welcome to "access hollywood." i'm scott evans in new york. and though dozens

confirmation includes names for if they from adult years it uses including names e-mail addresses passwords i t addresses milling addresses of hong kong-based company said it has contacted all the affected users via e-mail. ♪ life. just when you think you know where it's going, it takes you someplace else. covered california is here to help californians who need health insurance get it. because it's more than just health care. it's life care. (nature sounds) she can rage, and roar, and crack, and storm. but mother nature can't stop us. the new 2016 ford explorer. be unstoppable. ♪ ...whether i should i don't seek treatment.th i am ready. because today there's harvoni. i don't seek treatment.th a revolutionary treatment i am ready. becfor the most common typeni. i don't seek treatment.th of chronic hepatitis c. harvoni is proven to cureypeni. i don't seek treatment.th ...it's the one andior ...onfor 12 weeks.a da of chronic hepatitis c. certain patients... ...can be cured with just 8 weeks of harvoni. with harvoni, thand there are noro tell your doctor if you have complex regimens other liver or kidney problems, or other medical condit

from hong kong. rob mcbride has more. >> reporter: the search operation is continuing today, a second day, some 3,000 rescue workers are now said to have involved. they are usingarray of different earth-moving equipment. also equipment used to detect signs of life we later surface. now the coordinator of the operation has said that in the past 24 hours or so, on six separate occasions they have detected what they think were signed of life, they have dug down below the surface, exploratory digs looking for survivors but as of yet they have found none. it does seem difficult to believe that people could still be alive under this suffocating wall of mud that swept through the buildings. but they have to work on the basis that some structures may still be intact. there may be air pockets, there that maybe two days on from this tragedy there are survivors there, there are a number of people at the scene or nearby the scene waiting for any news of their loved ones and of course, there is still a question over just how many people are in fact missing the. 85 is the official total but a number of people who lived in that area who escaped, who were eyewitness to his wh

hong kong south china morning post for $266 million. he's following in the the steps -- jeff bezos, pursuing the revival of a century-old newspaper. our editor joins us fromy would an e-commerce company want to buy a newspaper? good morning. that is a good question. alibaba of course is primarily an equal -- e-commerce company and their business is growing. the newspaper is moving in the opposite direction, fighting to hold onto readers. advertisers are moving into new forms, including the internet. alibaba season opportunity here. they see that there are opportunities in media and particularly in news neighbors. they feel by combining their technology with assets, they can build something a little different here. angie: jeff bezos, very famously bought the washington post, for different reasons than alibaba is buying scmp. what are the risks politically and financially? reporter: financially it is a pretty small bet. his company made $15 billion in assistance this -- $15 billion this year. politically, it is bigger. this is a newspaper that has a complicated relationship with the chinese government. there is a risk upside and downside. if the newspaper i

us live from the new york stock exchange. good morning, jill. >> good morning, chris and katherine. there's new concern that data breech at v tech, the hong kong company that makes electronic learning devices for kids may have exposed photos of parents and kids and their chat logs. now v tech could not be reached for comment about that. they do confirm though the breech affected their learning logs. exposed e-mail addresses and name, first base and genders of kids. cybermonday rung up record sales. shoppers reached a billion dollars on that online sales holiday. that's up 12% from last year. and thin is in at apple. there are rumors apple's new i iphone will be skinnier. apple is moving the headphone jack. users will plug headphones into apple's lightning power port and if this means we need to get headphones, i'm out. chris and katherine. >> i'm done. there you go. adapter. sometimes people use big know. let us know. coming up, we have a check of your traffic and weather together. >> plus, a look at the days top stories, including the case against the marathon bomber returning to court. are using to get him a new trial. armory case. how polic

hong kong, alibaba is buying this sunday morning post for $266 million. following in the footsteps of jeff bezos. asia company news editor peter elster joins us fromwhy would an e-commerce company like alibaba want to buy into old media? >> alibaba has an interesting explanation for this deal. they said they see an opportunity to combine their digital assets and digital reach with the assets of the scmp, and they think they will be able to make something out of it. they see a good opportunity. >> it is a good opportunity, they say, but certainly there are political and financial risks. >> the deal was for $266 million. this is not a big deal financially for alibaba. they have about $15 billion in acquisition so far this year. they bought their way into online video, brick and mortar retail stores. politically it is more sensitive. scmp is the highest row file english language newspaper in greater china so there are risks on both sides. if it is now critical of the chinese government, that could create blowback for alibaba outside of china, and conversely, if the scmp is very easy on the government, it there could be blowback for alibaba. >> you ha

us with john silvia and christopher verrone. ♪ guy: welcome back. you are watching "surveillance." a live shot from hong kong.to deal with fahrenheit and centigrade again. 22 degrees in hong kong. nice and warm. even warmer than it is in london in hong kong. we go to the morning must-read with vonnie quinn. vonnie: i have to pick out this op-ed by robert jenkins in "the times." he's a writer and fellow at better markets and talks about nominatesay -- he john cryan of deutsche bank, unfortunately given the news is being bank investigated for $10 billion of transactions. here i quote. thate: he begins saying john cryan is probably the best candidate. then he comes back to john and says he is basically part of a new breed of competent, no-nonsense executives. wait until dominic constant walks out the door. it is that simple. vonnie: can you have a statesmanlike banker? tom: i will give you statesmanlike. is this going to play in london, gives to the bottom of the piece. he talks about the bank relators that's the bank regulators in a drive for capital requirements. who are they supporting here? statesmen?ere to

us tomorrow on exactly this topic. ♪ . . is 11 a.m. in new york and midnight in hong kong. welcome to "bloomberg markets." fromorld headquarters here in new york, good morning. i am betty liu. are watching at this hour. the fed on the verge of raising interest rates and the ecb may cut at the end of this week. the all important rank of england stress tests. we tell you those results. plungedswagen sales after the in missions scandal. minutes into trading. let's go to the markets desk where julie hyman has the latest. a bit of a stumble with the reaction to the isam numbers. ism showing contraction, unexpected contraction. if you look at the intraday chart, you can more clearly see the reaction in the wake of those numbers that came out at 10 a.m. if you look at the s&p 500, you we saw, the come down although stocks have recovered since then. this is a delayed reaction to this manufacturing numbers. it has been uneven. the biggest contraction we have seen since june of 2009. betty: right. tell us what is leading the rally though today. what is outperforming? a broad-based rally. you will see all 10 industry gro

us from the bank of singapore. >> the initial reports into the deadly landslide in china said it was caused by construction debris. rubble had been piled up to steeply. destroyed andere a pipe carrying gas to hong kong91 people are still unaccounted for. seems to have its program back on track. the new rocket successfully deployed 11 satellites. this could increase the launches for nasa in february. staying in space, astronauts on the international space station are fixing a stalled transporter. rail car is used to move people and equipment around the orbiting lab. a ship carrying food and supplies is due there on wednesday. yvonne: destroy the government -- the australian government has set the scene for a battle over the great barrier reef. ♪ australia's environment minister has given the go-ahead for the expansion of a terminal near the great barrier reef. it involves the dredging of more than a million cubic meters of the seafloor near the marine park. paul, clearly this is very controversial. development near the great barrier reef is a was s always controversial. commitments were made to environmentalists. dredging is taking place 20 kilometers away from the nearest part of the reason so the i

asia\ >>> he's a long way from his tribe in kenya, but daniel has made the trip to hong kong with one mission, to ban the ivory trade. we thought it would invest the stop. all of us i phone shops. fully packed with ivory. hong kong is the largest retail parked for ivory. many believe it's also a transit point. shops along the road are full of licensed dealers selling ornately carved pieces, fetching huge prices, fed into the market. it's a bad business that is really needed to stop. it's a message he and others took to the streets. leading the march a kenyan running a team protecting elephants and kenyans. >> it gets me to the core. we are emotional about it. >> reporter: trade in registered ivory is allowed inside hong kong, as long as it was imported before the ban was put in place in 1989. trade would continue until stocks run out. more than 25 years later stores are trading. and ivory has been snuggled in to restock the market. >> the footage shows a licensed dealer openly discussing how to smuggle product into china where it's been panned. with china and vietnam with ban, conservationists are finding a new tact. they are photographing celebrities with endang

us go to europe where we have a chance. >> rose: ivan watson is based in hong kong and previously covered the syrian war and refugee crisis from istanbul. >> these are scenes croatia probably did not anticipate when they opened borders wednesday. mass hysteria as people waiting for government transports. the crowd breaks through and another country so far whelmedp3 by the human flood. months into this migrant crisis, europe still does not know what to do with all these people. >> rose: i am pleased to have all of these people from cnn sitting at this table. let's start with you. >> yes. >> rose: syria. where are we at this moment? >> well, i think, you know, every time i come back and we have this conversation and i so desperately want to have something positive to report or some sense of momentum in terms of trying to find a longer-term solution to the problem in syria, but from what i see on the ground, we're essentially looking at syria breaking up into a series of smaller areas or fiefdoms. and while there is been some momentum on the diplomatic side or some efforts to get together some of the proxies in this war in these

us. in just 11 hours from now, probably the most iconic of new year's celebrations takes place in new york city in times square. we've already seen celebrations in places like hong kong and in sydney, australia. and those have gone on without a hitch. amid stepped up security as those cities, like new york, protect against possible terror attacks. cnn justice reporter evan perez is following this story for us. before we get to times square, let's talk about this breaking news out of rochester, new york. we've learned a man from that area who may have actually been planning a new year's attack in the name of isis, he has been arrested and charged. what can you tell us? >> that's right, his name is emmanuel latchman. he's 25 years old. he was arrested yesterday by

from oppenheimer will join us. you are watching bloomberg surveillance. we are streaming on your tablet or your phone. ♪ erik: this is bloomberg surveillance on bloomberg television. that is hong kongn the middle of the night. right now, it's time for the business flash. vonnie: thank you so much. toshiba is asking for a credit costso play for mounting great there was an accounting scandal. forecast andey annual loss. bridgestone will decide whether it will try to beat carl icahn's build for pep boys. price to over $1 billion. they are trying to expand their presence. areformer jpmorgan bankers accused of stealing from the dead. $400,000 atms to steal from inactive bank accounts. at least eight account holders had died. the bloomberg business flash. erik: oil is $37. it's worse for private producers. that's because it costs them more, much more to explore for and produce oil and gas. an economist says the writing is on the wall for big oil. provocative argument. here to discuss it is the senior analyst with bloomberg intelligence. thence, i love this piece. it raises so many fascinating questions. justhese big oil companies facing their money? vents: when you look at the groups wit

us. in just 11 hours from now, probably the most iconic of new year's celebrations takes place in new york city in times square. we've already seen celebrations in places like hong kong and in sydney, australia. and those have gone on without a hitch. amid stepped up security as those cities, like new york, protect against possible terror attacks. cnn justice reporter evan perez is following this story for us. before we get to times square, let's talk about this breaking news out of rochester, new york. we've learned a man from that area who may have actually been planning a new year's attack in the name of isis, he has been arrested and charged. what can you tell us? >> that's right, his name is emmanuel latchman. he's 25 years old. he was arrested yesterday by the fbi. according to the fbi, he was in touch or he claimed to be in touch with a member of isis overseas who was directing this planned attack, which was to take place today. help was plotting to attack a restaurant and bar, perhaps kidnap somebody. the plan involved knives, bombs and possibly a pressure cooker bomb. a plot being cooked up with someone who was actually working with the fib, an undercover in

us on "bloomberg ." ♪ betty: it is 10:00 in new york and 11:00 in hong kong. markets." "bloomberg fromew york, i am betty liu. here's what we're watching at this hour. the dollar is rising again following its biggest weekly loss since may. what it means for the market and the fed's upcoming interest rate decision, the hike we are all waiting for. overseas, celebrations in the streets of venezuela as the opposition wins a majority in congress or the first time in 16 years. how the government is addressing the deep economic challenges, and what does this mean for investing in emerging markets? shares of chipotle are tanking, down more than 21%. shares of curie green mountain are soaring -- keurig green mountain our surrey

us tomorrow. see you then. ♪ betty: welcome to bloomberg markets. it's 11:00 in hong kong. i'm betty liu. frome watching. ok. we're looking at existing home sale prices that are just about to come out. they just came out. i want to get to the markets --. grade to 4.7 6 million. that is much lower than we were expect. we were expecting home sales to have little change. that was according to a survey by bloomberg. existing home sales are

us. secretary and one of the founders of siebert brandford shanks. ♪ :00 a.m. in new york and midnight in hong kong. welcome to "bloomberg market." ♪ betty: fromd headquarters, i and betty liu. is the fed ready for liftoff? after the november jobs report top estimates, i will talk to mohamed el-erian. oil prices plunge as opec ministers reached their output ceiling to a level in line with current production. getting back to reality. we are 90 minutes into the tree being section -- session. ont miller has the latest the markets. we are reaching a fresh highs. in more ways than one. look at the equity markets. gains of 1.5% on the dow jones. points, giving us that what we lost yesterday. the s&p up 1.4%. the nasdaq gaining 1.5%. i am talking about futures' bets the fed will raise rates. we are almost added new heart. i have w.a.r. p up. 76% is the chance that the futures markets prices in the fed will raise rates. muchrend has been pretty all of the economists we survey see an increase in rates. betty: also -- that is right. now we are moving higher and higher into the prediction. but the treasury markets, we were talking about how odd the move