hong kong. one group of stocks we will be following, one of those don't-look-close-your-eyes moments. a lot of these property related stocks in hong kong. this group right here. this is how they traded on friday. look at the mix there, following the latest draconian measures to keep prices in check, which analysts and brokers are saying hit the amount of volumes and transactions, effectively , affectively 30% for nonresidents and foreigners. that is a space to watch, or not. close your eyes if you have a position. i will leave it there. rishaad: more details on that story in the program. thanks. haidi: let's get to first word news with paul allen in sydney. theresa may says her brexit timetable won't be altered by last week's constitutional ruling. has worsened divisions with conservative newspapers blasting high court judges. theresa may says the government has a strong case to appeal the ruling that parliament must approve brexit negotiations. she called on opponents to accept the results of t

i am angie lau in hong kong. a media briefing after china's top legislative body ruled that those who advocate independence cannot hold public office in the territory. hong kong's chief executive is speaking right now. we are standing outside with more. he has been speaking and says china's interpretation of article 104 is an important part of hong kong's constitutional and legal system. the hong kong government supports the interpretation and will implement it accordingly. he also condemned the two people young inspiration, the young activists who change their oaths. china has stepped in to interpret hong kong's basic law. to cause waves as china interfering in the affairs of hong kong. this has been going on since last week. china has stepped in to make , preempting and undermining hong kong's legal system. one of these lawmakers who did do the of was wearing a banner that said hong kong is not china. leung saying hong kong has been and will always be part of china. this difference is what sparked protests in h

they: thank you, on shenzhen half in hong kong connect. ---hong kong connect. people spend less than a year ago in the u.s., which has a bigger impact on cyber monday. su keenan is here with more. what happened? reporter: you mentioned one survey shows less than 2015. usually it is a race out of the shopping day, shop till you drop, this was more of a limb, we did see an increase of 2% in the shoppers, 154 million estimated. 40% online, 40% in brick and mortar stores. of those shopping in stores, all were focused on heavy discounts. a third of people said they were only buying items on sale. we talked to brian connell, ceo of target, he said it was great. optimistic about the consumer economy. it is a great time to be a consumer in the u.s.. the overall gdp growth is solid, and it will expand. we are seeing good movement in employment, low interest rates, low inflation, and certainly in food, deflation. 51.40 seven at home, and what you see is a trend of fewer purchases, cheaper buys. .et's go back to the video online shopping will be the determining factor, cy

thrush central to hong kong. robert kingsley and dr. erikson are safely on their way to operational headquarters himalayas, due to arrive at 0900. band appreciates what you're doing for him. he will, mr. webb, until he finds out who's supplying me. it's bright in here. thrush central to hong kong. general harmon has been successfully recruited as kingsley's security chief no comment. general has nothing to say, no comment. is there anything good? no comment, no comment. the general has nothing to say, nothing to say. why are you leaving the country, general? general! nt, no comment. general, general! general, what's been going on, general? something happened, something isn't right! hey, w wt's going on? ten-hut! men, when you were selected to servrvme, you took a personal oath of loyalty. you are no longer in the service of the country we've just left. you are an elite secucuty force, the last soldiers this world will ever see. military history ends with you. do your duty. see to it that it ends gloriously. capta

has caused rumblings in hong kong about the possibility of increased influence in hong kong affairs. the move would preempt the courts and decide the case for hong kong. there has been quite a lot of concern about hong kong's high degree of autonomy. rishaad: what else did the hairdo that triggered this move to oust them? do thathe pair triggered this move to oust them? >> they decided that they were going to mispronounce the word unfurled and also banners that said hong kong is not china, so the legislative council said they would void oaths. been -- they tried to take their oath and they were helped by pro-democracy lawmakers. thank you very much. haidi: up next, ubs wealth management about why they are so bullish on gold. this is bloomberg. ♪ ♪ announcer: from our studios in new york city, this is "charlie rose." charlie: we begin this evening with our continuing coverage of the controversy surrounding fbi director james comey. his decision to come forward about new emails pertinent to hillary clinton's private server has met fierce criticism. some have pointed out that he was

what it is looking at is this hong kong basic law bit declares that hong kong is an inalienable part of china. must uphold the basic law and declare allegiance. this relates to these two young earlier. mentioned were oaths to office voided. oath,ried to retake the creating chaotic scenes. statement that was released after discussions i the standing committee on saturday. itjing legislators believe is unnecessary to interpret law 104. there seems to be some indication that some interpretation is in the pipeline. this would only be the second time that china has unilaterally 1997,d local law since but hong kong is meant to be under this one country, two for 50 years, and people are increasingly concerned about beijing's reach into hong kong law. they believe it could lead to unrest and undermine the city's laws as well. should being days, it and just think to watch in terms of what happens politically. >> thank you so much. dousing the flames, china's move to curb its red-hot property markets appears to be working. the details from beijing a little bit later. >> up next, more on the fb

i am rishaad salamat in hong kong. this is "bloomberg markets: asia." ♪ rishaad: taking stock, the hong kong-shenzhen link will start after a two-year delay. china quietly raising borrowing costs, moving away from monetary stimulus. cash crisis deepens in india, but the prime minister says thing should improve. the stakes are raised in tabcorp with reports tatts a major player may enter the game. 30 minutes away from the start have atrading day, let's look at what is happening. haidi: it is all about the oil patch as we head into ministersns, oil flying to russia for talks, saudi arabia saying a supply cut may not be necessary. that has taken some wind out of the recent rally in crude. wti falling over 4% friday, extending losses. we are holding above $45 a barrel, but just. , 46t looking similar, off tilde $.67, so it is about the energy space. if we do get that supply cut announced and the details come through, markets have priced it in. if you look at where we are sitting three months out, we've come off that rall

hong kong moving closer to a trading link with china. members hold opec meetings to bridge the divide on production cuts. rishaad: we have the trump thect, this is the chart of hour. year to date, what is it telling us? haidi: the trump affect driving up volatility after the elections, and this could be good for asian assets. if you look at where the price is now and going forward in terms of futures options, some discounts coming through. we can see how volatility has spiked after the election taking place. the results in a way are off the higher valuations and price-to-earnings multiples, 13.8, now 13.2 or thereabouts. by historical measures, that does represent good value, you could argue. are talking about the msci asia-pacific index. conversely,: you can talk about the end setting times we are in at the moment. rishaad: that's one way of putting it. haidi: the great unknown in terms of policy. rishaad: or the known unknown. let's get straight to the market action. juliette: it is looking brighter today. regional indexhe higher for t

. >> hong kong's chief executive says he and his government supported the decision. >> hong kong is in a no alien all -- is an inalienable part of the country. uphold integrity and security, as well as the interest of chinese people. has delivered a blow to the pro-democracy movement calling for autonomy in the chinese mainland. protesters took over the streets of hong kong. authorities are hoping to avoid a repeat of 2014's student led pro-democracy movement, which built the city and 79 days. anchor: world news headlines here. says she was to be the president for everybody. as a right-wing tv poll gives her a lead over the right-wing candidate donald trump. both candidates making their final rallying call to their supporters. coalition forces close in on both islamic state strongholds taken around moz oh -- around mosul. france announces better protection for tourists in the face of a growing crime wave. it is time for business, kate moody is back. >> we have been following every twist and turn on the campaign trail in recent weeks. one of several factors that are weighing around trad

juliette saly joining us from hong kong. let's get more on the u.s. election and the fbi's decision to stick by its finding that hillary clinton did not commit a crime in her handling of e-mails as secretary of state. here's what the candidates have been saying over the last weekend of campaigning. >> right now, she's being protected by a rigged system. e-mailst review 650,000 in eight days. you can't do it, folks. hillary clinton is guilty. she knows it. the fbi knows it. it,people, the people know and now it's up to the american people to deliver justice at the ballot. >> i want us to have an ongoing discussion about how we are all going to contribute to making our country all it should be. i really believe that america's best years are still ahead of us. if we all do our part -- [applause] and i think it's fair to say, after all the months of this campaign, my opponent has a very dark and divisive view of our country. yousef: for more, let's get to guy johnson in new york. talk us through the market reaction. guy: what the fbi are saying is, nothin

i am rishaad sal salamat in hong kong. this is "bloomberg markets: asia ." ♪ pre-election stocks like continues as markets countdown to the u.s. poll. the upbeat china forecast from the rba. ahead, singapore airlines looking to rein in costs in the face of competition. shareholders fail to click with gopro as investors see a gloomy holiday season. singapore, taipei, all in the next. thesehave a look at how markets are tracking, one direction only, david. direction, the color it away, on gives the way down, especially the nikkei. there is an element of catch up here. trend is down, poised to into the week on a lower note. the week on a lower note. the markets have been edging down for eight straight days. you have the jobs report later on tonight. investors are paring back exposure to risk assets at the moment. markets as you can see on the way down. a lot of this comes down to election jitters ahead of early next week's election. currency markets, one currency moving because of domestic issues, the pound. we will talk mo

we do not have immediate plans for hong kong, but we do like the contents that plays in hong kong. there are many aspects of our content that is relevant to hong kong. you never know. look for great partners. if there are great companies that want to partner with us and expand into a region like hong kong, we welcome the invitation. rishaad: thank you very much. the chief executive of hooq joining us from singapore. coming up, the cash crunch in india is continuing. questions grow over modi's move. this is bloomberg. ♪ sports thedia biggest loss and asia unmade fears that the economy will be heard on high denomination bank loans. it is an anticorruption measure, we're going to get more from our correspondent. how bad are things? what are people saying? >> let's just say it is not looking pretty. for six days, the longest losing streak since december last week. it has erased all gains for the year. slumping to their lowest in months. it is not surprising. thestors do not quite know extent of destruction and the impact of the no debts of the new currency issuance. once they are sur

the hong kong-shanghai one. do you think the shenzhen link will prove to be more popular? bit, notk yes a little a huge swing factor i think. if you look at the flows in the mostfew months since may, of the action is in the outbound flow, so whether the ocean will be different from shanghai, it might be given a lot of new economy companies are listed there, but it will not be huge. i think people will look at the valuation there. we do have some of the mid to large cap companies trading in shinji and having decent growth -- in shenzhen having decent growth. i think that will be more attractive for investors. rishaad: eight out of your 12 picks harsh and jen listed companies. you have to be excited surely? prospects, at growth offersnzhen market better. if you look at the first three markets, the shenzhen has moved 20% and earnings, shanghai 0%, see you can see the difference in growth. we do have a lot of stocks in health care, consumer, and material sectors listed in shenzhen, and those are good growth stocks.

a chilly hong kong at the moment. the hang seng up by .25%. asare looking forward "bloomberg markets: asia" continues after the stunningly short break. ♪ ♪ announcer: from our studios in new york city, this is "charlie rose." charlie: tom friedman is here. he is a pulitzer prize-winning author. he is a columnist for the new york times. he is known for tackling big ideas and wide-ranging subjects. he has a book out which some are calling his most ambitious yet. imagine that. it is called "thank you for being late." in it he argues today's world is moving faster than ever and will only get faster. i am pleased to have tom friedman at this table.

theiraths were invalidated and their right is being challenged by a hong kong court. based on china's interpretation of the law. so, they are likely to lose their seats. thousands of pro-democracy protesters took to the street on sunday over the decision. some of them clashed with riot police who fired tear gas. the unrest continued until early monday. >>> a japanese freelance journalist has been set free near the city of mosul in northern iraq. he said he is unhurt and in good condition. the authorities took him into custody last month. the journalist was in the area to cover the offensive launched by iraqi and kurdish forces to retake mosul from the islamic state militant group. he plans to return to japan on tuesday. >>> the u.s. federal bureau of investigation has cleared hillary clinton two days before the presidential election. the fbi had reopened its case on her use of a private e-mail server when she was secretary of state. and it says it found no evidence of criminality. director james comey revealed the decision on sunday in a letter to congress. the fbi wo

why did this art sale takes a long in hong kong? >> over the last few years, we have seen very strong buying momentum coming out of asia. this year is the first time we are bringing top class pieces here to hong kong. it is not an option, just testing out the market. $250 millionhipped worth of art for the next five days. is it a conservative group? meliani was sold for $700 million alone. why are you holding back on supply? >> i think for a company to appeal to the masses, i think we are still making sure there is a significant base. this is not for the mass market. also, this cannot go on for long if you only have a handful of clients. the clients travel extensively. they can go to new york or london to buy. there has to be a sustained a base of clients before we decide to move the category here. will bethis exhibition a nice way to test out bringing art to hong kong. this week we are having the whole autumn sale here. have asian oil paintings. isfact, the $250 million art on the weston art side. from $500,000 u.s. to i would say,

angie: i'm in hong kong. the philippines is setting its sights on billions of dollars of investment from the middle east. the government is preparing vast tracts of land to be used for foreign investors, and it has been marketing the plans at roadshows across the world. what kind of projects are we talking about here? >> hi, angie. the philippine economic zone authority is identifying sites that can hold qatar's oil beerves, and land that can planted for crops with export to the uae. they are also preparing land for manufacturing, tourism, and mining, after they came home from a recent roadshow covering qatar, abu dhabi, and dubai, saying they receive proposals for billions of dollars. we don't have much more concrete details than that. they are in charge of hundreds of industrial parks across the country and are readying a roadmap by early next year to identify other pockets of opportunity. there is even talk of breaking into untapped markets like russia and iran. the president has said several times he want

in -- and in hong kong and china, fingers crossed. manus: welcome back to the best of "bloomberg markets middle east." fallen almost 10% over the course of the week. what is behind the declines? ti trading around $46 a barrel today. last three sessions, it has fallen about 6.1%. faileday, opec members to come to an agreement on output levels. they met in september and they came to a basic framework agreement. they wanted to limit output or potentially cut output. the devil is in the details. how much is everyone going to produce? going to cut? they failed to come to an going to on who is cut, how much, and by when. that injected uncertainty into the market. that is why we are in this bearish trend now. glut?t about the global is there still overhang? stockpiles? >> that is the other factor. the american petroleum institute said last week, u.s. inventories rose 9 million barrels a day. bloomberg had estimates forecasting u.s. inventories rose by 2 million barrels last week. total oil inventories are around million barrels, 30% above th

in hong kong. i have an update of the top stories. -- the first time in 13 days that china has raised the rates from the preceding day. it traded at an eight year low on monday. abandoning intervention measures and accelerating measures before donald trump becomes president next year. japan has lit it also -- has lifted all tsunami alerts. people living on the coast were warned to move to higher ground but no major damage has been reported. they have started a cooling system. the quake is being described as an aftershock of the massive magnitude nine tremor that hit 2011.ch donald trump has outlined his policy priorities for the white house including moving to dump the transpacific partnership on his first day in office. speaking through a youtube video, he also promised to lift restrictions on energy to create millions of high-paying jobs. >> on trade, i will issue a notification of intent to withdraw from the transpacific partnership, a potential disaster for our country. instead, we will negotia

angie: the hong kong stock 14.1% inhas raised to the past few days. evergrande have enough influence for a shareholders meeting and take a seat on the board. attemptsnd financial for china's biggest claimant platform have backfired. with picturesded of scantily clad women posing in exchange for money. in an internal memo, the executive chairwoman apologized to users. she also promised to remove inappropriate pictures of block related accounts. let's take a look at the global stage for you right now. this is the last trading day of the month. joining us now is mark matthews, head of research at the bank. -- topics did not make it to topix did not make it to lucky number 13. it would have been lucky. we are seeing the weakness, but it is about to change, especially as we come up to italy's constitutional referendum. >> we will know on sunday, right? that is a pretty binary outcome. we thought of brexit what happened the market would collapse, or if trump was elected, the market will collapse. to predictped trying these things. but i do think that given

in hong kong, it is 3:31 in the afternoon. we have mapped out the sort of move we have seen across asset classes. and the colors are screaming out what it means. the moves are not what you usually see across markets. stocks in asia very green. that is the simplest way to put it. japan up 6%. singapore 3%. the best day in eight months, volumes surging as well. we are used to seeing this here in hong kong across markets in the region. market story number two, bleeding continues in the bond market. very red, healed going up. 30tralia 10 year 30 years up basis points. move in theg a big yield curve. reading a steeper yield curve. forex, japanese yen still weaker from this time yesterday. everything else in asia, it is down against the u.s. dollar despite smashing earlier. looking at what markets are expecting, the dollar holding onto gains, they may move in december. thank you. the volumes were literally day average, but we came out of the studio and i have the city of dubai behind me. i have a special guest, the chair of the grou

hong kong lawyers signed a protest march on tuesday. south korean prosecutors have visited samsung headquarters as part of investigations into the president's influence scandal. given $3 million. he was formally arrested last week on charges of attempted fraud and abuse of authority. year into bonuses for wall -- year endrs are bonuses for wall street bankers are expected to shrink this year. they may fall as much as 10%. bankiggest investment a second quarter of fixed-income trading gains. global news 24 hours a day powered by over 2600 journalists and analysts in more than 120 countries. this is bloomberg. haidi: this is bloomberg markets asia. with its morning session. haveen you wake up and you a 371 point again on the dow jones index, you might've have expected a little more positivity coming through. we rallied quite high on monday. you are seeing a stronger yen today, coming back from that selloff yesterday. we did see quite a lot of weakness in those safe haven assets on monday session. that is playing into the nikkei, it has go

♪ >> at 11:00 in hong kong, 2:00 p.m. in sydney. >> welborn -- welcome to bloomberg markets asia. >> china's economy despite health ground with retails and investment all near as dust near estimates. >> there are growing reasons for optimism in japan. gdp smashed expectations in the third quarter. >> the pacific island is home to possibly the most successful casino of all time. and ardently, the casino that matters to markets right now. we are selling this seeing a selloff in asian equities. may be taking the chips off the table again. it is in emerging markets across the board. when you look at what happened after the china data came up, yes, near estimates, but that was not the latest reason. have a look at what is happening across markets right now. equities, currencies, commodities, bonds, basically on the way down. it is the same suspects as friday. is feeling the pinch at the moment, following its worst day in 15 months. , a strong dollar story. we saw a turnaround. finding haven be in things like copper. bond price

next, it has been described as beijing's most direct intervention into hong kong's legal and political system since the 1990 seven handover. the chinese parliament has passed a ruling that effectively prevents two pro-independence politicians in hong kong from taking office. lawmakers must swear allegiance to hong kong as part of china and that candidates will be disqualified if they change the routing -- if they change the wording. they use an old-fashioned and derogatory term when referring to china. we asked brian kaczynski how things have been going. before this ruling. brian: they asked beijing not to step in, so understandably they were suggesting that many officials within the hong kong government, as well as within the judiciary, including senior judges, were rather troubled by this reach of judicial independence. there will have to be a new , in the battle between beijing and the pro-democracy caps there. s- the pro-democracy camp there. there will be a military test. not wellthis is received at all by various members, though again on the pro-beijing side there have been suppo

in hong kong. 90 5 p.m. in new york. this is bloomberg markets asia. ♪ rishaad: on the retreat, asian stocks a plunge in oil prices with energy producers leaving big clients. officially -- the governor may shift legal posts on bond yields and inflation. anfinancials unveiling ambitious plan. rishaad: getting straight to the numbers coming up much better than expected. pmi figures coming through. improvements a big from the september figure. showing greater expansion. we were bracing for a takedown but it seems like we got more momentum. --e a look at that is quite a proxy for whatever happens in china. you are seeing a takeout when it comes to the aussie dollar. we have had good days of strength when it comes to the aussie. a much flat at the moment it -- pretty much flat at the moment. 29 minutes away from the start of the session in hong kong and china. haidi: let's look at how the australians are reacting. how is it looking? >> things have actually picked up. 51.2, very good number. compared of course to what we're

hong kong. set the yuan is at the weakest since 2008. 6.8495 is the latest. it will set for an orderly depreciation of seven per dollar with makers only looking for excessive shorts. natural petroleum will try to streamline operations. we have sources telling us the assets include hotels, hospitals which employs of 10% of the workforce. the divisions may be headed towards local government control or subject to joint ventures . the quarterly profit margin s fell. an extraordinary general meeting to push the chairman out of the board of the unit. powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. let's take a look at the markets. trading getting underway in hong kong. hong kong stocks advance from three-month lows. this is bloomberg. ♪ cory: i'm cory johnson in for emily chang. this is "bloomberg technology." coming up, the postelection tech rout continues. analysts see what a trump presidency will mean for silicon valley. mark zuckerberg strikes ba

so we could see some momentum for hong kong. remember the hong kong dollar is pegged to the u.s. dollar. talking about currencies, the chinese yuan has again been cut, reflecting the dollar rally. the offshore you want falling to record lows after a brief pause in that weakness in the last session. the offshore's discount to the onshore has just risen to the widest gap in two weeks. that means that some analysts are saying we can see that trade in buying cheaper all sore yuan -- offshore you want which could push the domestic rate weaker. also a brief path with the dollar rally, but the dollar is again searching, still at the highs level in 13 years. so we are seeing some more momentum to the down time for other current sees including the yuan and also the japanese yen, falling .4% against the dollar. the yen has been weakening for the past four sessions and is now at the weakest level in eight months. this giving a boost to equity markets, especially exporters in japan. rishaad: let's get to the first word headlines. prices fellonsumer for an eighth straight month in october. th

. >>> hong kong's legislature has seen more turmoil. scuffles erupted on wednesday after two pro-independence lawmakers were forced out of the chamber. last month, the man and woman displayed a flag with the words "hong kong is not china" at a swearing in ceremony. the government asked the court to disqualify the pair. it said their action violated the basic law which acts as hong kong's constitution. the legislative council president banned their attendance pending the court ruling, but the two members entered the chamber anyway only to be ejected. >> i'm not from beijing so i don't know what they are thinking about but they want to destroy the one country two systems. >> the pair tried to take part in a session being held in another room, prompting security guards to prevent their entry. four guards were injured in the scuffling that followed. the disturbance occurred the day before a court hearing will decide whether they can take up their seats. later in the day, a top chinese government officials in hong kong said any actions or co

we have heard from hong kong few more days a are needed before the ink cann-hong kong l get up and running. we know that they will be testing of the the weekend, but it looks like it could be more of a delay. by .1%,ghai market up property prices coming through this morning, so we have seen upside coming through from those property developers. elsewhere, mixed movement in southeast asia. 5.3%,a looking strong, up and a good rebound from new zealand, up by .6%. have a look at the stocks we are watching today, and once again looking back towards hong kong, 5.4% after evergrand boosted its holding. china listed shares are down by .2%. australia, it fell 27% yesterday. it is quite well supported today, up over 10%. a lot of analysts saying it is a good stock. of the top performers on the regional index today. doris --aker, below 45 $45 a barrel, and watching movement in the japanese yen, the dollar holding at a nine-month high. saudi arabia's energy minister is optimistic of tech will reach a deal to cut output when the cartel meets russia later friday. oil is extending its losses due to the s

we are joined live from hong kong. stephen, the costco's we have the cost cuts we have seen, how much does that help the bottom line? ceo, was gulliver, the a -- embarked a few years ago on a global cost-cutting plan, cutting about $5 billion from global operations. that continues. they have been cutting some jobs. there also moving jobs to master growing parts of the world, like in asia. the numbers were pretty good if you look at the adjusted pretax profits, excluding one-time items. an increase of about 7% for the profits. the cost savings plan, there was a one-time loss associated, about $1.7 billion, that shifts .retax profits down 86% not the adjustment figure -- the pretax figure of $843 million. that is 86% down. you can look at these earnings results a couple different ways. yes, shaving off some of these non-core assets is hurting at least temporarily. 's plan to shave more money is continuing. caroline: interestingly, it is the risk have been weighted assets they managed to also reduce. this all comes out wi

angie: i'm angie lau in hong kong. panasonic has slashed its profit forecast because of falling profitability. it's expecting an operating profit of $2.3 billion, 12% lower than analysts were expecting. panasonic is struggling with a stronger yen. manus: honda raised its fully profitable the band of suvs in china. net income is nearly $4 billion, 6% above the previous outlook. over 7%. upgraded the company says it is open to possible joint ventures. angie: we are watching shares of japanese airlines. its targets by 15% because of lower international demand. jal maintains its yearly target. shares of both companies looking like this right now. >> the bank of japan says it will not hit its 2% inflation target. we already knew they blew past the two-year mark. what was significant here? the inflation forecast for 2017 and beyond that as well -- it seemed to push back the timing of when it will achieve its target. ohe full forecast for 2017 t 1.7%. it pushed back the projected timing. 2% inl increase towards the second hal

members of the hong kong bar association says the committee's interpretation gives the impression china is effectively legislating for the territory. they say this casts doubt on the one country-two systems principle. >> it just interferes with our own independence. >> pro democracy groups and legal professionals in hong kong are increasingly critical of china's intention to crack down on pro-independence activities in the territory. >>> the developer of pokemon go says it's modified the app's settings so people can't use it while driving. fatal accidents have been caused in japan by drivers who were absorbed in the popular smartphone game. on monday, it disabled the function for collecting items if players are traveling above a certain speed. the company did not disclose the speed at which the function stopped working. after a driver killed a 9-year-old boy last month in central japan, the city and the police urged them to ensure drivers can't play the game and al monsters appear on public roads. the developer told nhk that it sincerely accepts the various requests and will try to make

members of the hong kong bar association says the committee's interpretation gives the impression china is effectively legislating for the territory. they say this casts doubt on the one country-two systems principle. >> it just interferes with our own independence. >> pro democracy groups and legal professionals in hong kong are increasingly critical of china's intention to crack down on pro-independence activities in the territory. >>> the developer of pokemon go says it's modified the app's settings so people can't use it while driving. fatal accidents have been caused in japan by drivers who were absorbed in the popular smartphone game. on monday, it disabled the function for collecting items if players are traveling above a certain speed. the company did not disclose the speed at which the function stopped working. after a driver killed a 9-year-old boy last month in central japan, the city and the police urged them to ensure drivers can't play the game and that no virtual monsters appear on public roads. the developer told nhk that it sincerely accepts the various requests and wil

in hong kong. 2016.sing gains through spiked 6%. however, some analysts say the good times won't roll much longer. spoke to chairman hamburg earlier today and began by commodities'the different grades. >> very high-grade material, 65.8%. we've never had a problem finding a market for our product. look at some of the lower grade products, so the standard 62%. is sub-60%, particularly coming out really doia, which struggle to find a home. setthey are the ones that their stockpiles up in ports causee beijing and trouble for the market. >> tell me something. we do see these iron producers, likes of rio, producing more and more iron ore. cynic inside me would say they're trying to drive other people out of the business. i being far too cynical? >> i don't think it's for me to comment on rio -- >> i'm saying generically, big overproducing? >> i think definitely there was amongst thegreed ore companies. lays thehe goose that golden egg in terms of the a periodion, suffering of very bad health. geese were

in hong kong. opec ministers going to vienna and it is slim. iraq and iran continued to the cut production by more than one billion barrels a day in russia is prepared to be reluctant to cause it. 50% of free cash flow to shareholders and conducting a major buyback by the end of january. elliott management has been calling for the ration of a holding company as the shares administer abroad. the south korean president

our next guest is angus kelly and hong kong for an air finance congress. thank you for joining us today. it is a huge market here. that is continually growing. what are the opportunities? >> china has tremendous opportunities. over the last 20 years, we have seen an explosive growth in externally,ism internal traffic in china, but that has been carried by the big three carriers and their affiliates. now, the next phase of growth in the chinese market will be driven by low-cost carriers. the current penetration rate is single digits. that will change dramatically, like it has in europe and the u.s. they need skies they can navigate through as well, not be closed down randomly. that is the issue for them. the infrastructure issues that surround aviation are not unique to china. how long does it take to get up runway in heathrow? rishaad: 40 years. >> and we are not done yet, so those issues are out there. ofse are within the purview the state ethics, particularly in shanghai, where there are significant restrictions. have shown an ability to grow aviation su

they banned them after they pledged allegiance to the hong kong nation and even used a japanese derogatory term for china. >>> the battle against isis took a serious turn. >>> and two deaths are being blamed on a rare tornado that struck in rome italy, being blamed for dozens of injuries and widespread >>> and a magnitude 5.0 earthquake in oklahoma was felt as far away as iowa. they say it caused quite a bit of damage. so far no injuries have been reported. >>> nbc meteorologist bill karins is here. >> it's amazing. there will be rain. ohio one of our toss up states is going to have showers. florida is looking fantastic. texas, louisiana, oklahoma. west, arizona and nevada looking great. salt lake city no problems at all and only our friends in alaska are going to have less than ideal election day weather. now a closer look at your day ahead. so for today that storm still lingering today over texas as the same storm system that will linger over the gulf coast states. so from new orleans to houston, chance of showers and down pours throughout the that's nice to see nice warm weather continu

it's over bejing's decision to bar newly elected politicians to hong kong nation and used a japanese derogatory term for china. >>> the first two deaths are being blamed on a rare tornado near rome, italy. it's being blamed for dozens of injuries and widespread damage. >>> and a 5.0 earthquake in oklahoma was felt as far wid idaho. and schools will be closed. so far no injuries reported. bill karins is here with the election forecast and a look ahead. >> the states people are watching closely for the turn out are the toss up states. and the forecast that looks like the worst is ohio. rain is in the forecast, maybe a quarter inch or so. shouldn't impact turner impact too much and florida, it looks sunshine state. now a closer look at your day ahead. well, today the storm system is still lingering over texas and louisiana and arkansas and tomorrow there could be showers especially alang the florida coast line, a lot of clouds but should be dry from miami to tampa. the warm weather continues and it does look like a really nice election day forecast. >> no big jackets for a lot of people

yvonne: great to have you here in hong kong. first glance, they would have a lot in common but one is doing better than the other. this is bloomberg. ♪ betty: this is daybreak asia. i'm betty liu and new york. microblogging company has had an amazing years with shares doubling in 2016. what can we expect when they report on monday? let's bring in ramy inocencio to flesh this out. expectations are to be reality, we could see a record amount in terms of revenue as well as net income. i want to show you what the $173tations are -- we see million for the third quarter this year. that's the orange line that has yet to be filled in. but ever since they have been reporting, it is the highest since they started reporting. this is definitely the top end. it is also building off of what andened with net revenues advertising that revenue increased on the order of 35% to 45%. , iflso see a record their expectations are to believe, $.20 a share. we will see what will happen when they start to report at the end of the monday trade. betty: t

i am haidi lun in hong kong. tracy: and i am tracy alloway in dubai. dhabi sovereign investment fund posted a first cap loss after its stake and credit slump. any are merging to create it entity with assets of $125 billion and debt of about $42 billion. they recorded a $91 million loss, compared to $1.3 billion and profit a year earlier. whichold 5% of credit, stock fell 62% in the first six months. recommends ank capital increase. the board will submit recommendations for an extraordinary general meeting in march. they will also approve a plan to be introduced. developmentbusiness needs more details, they will be released after the regulatory green light is received. tracy: saudi arabia is teaming up with china to build solar projects in morocco. construct three photo fields, combined one hundred 70 megawatts. morocco wants half of its energy to come from renewable sources by 2030. it is the only country in north africa without significant fossil field reserves, and imports over 90% of its energy. engaging with young people and boosting innovation hav

angie: i am angie lau and hong kong. israel's group hit a high after financing to develop the country's biggest natural gas field. it will pay for the first stage of expansion. noble energy holds almost 40% and is yet to raise its portion of financing. desley: iran talking to asian companies to raise $1 billion for expansion. the plan includes a methanol for china. iran need $60 billion to upgrade from the years of sanctions. japan agreed to provide $10 billion of projects involving japanese companies. angie: nurture dany cabinet has approved next year's budget, $12.6 billion. the projected deficit of 2.8% of gdp. grants are seen it $1.1 billion. in 2017 atxpenditure 7.5% higher than 2016. desley: china is spending billions of dollars on its space program, and it is not simply a state-led effort as tom mackenzie reports. desert,e in eight china's private space ambitions are taking flight. technicians are putting the final touches to a capsule 2 connected tor a giant helium balloon designed to climbed to near space 20 kil

in hong kong and 4:30 a.m. in london, i am angie lau. >> i am in riyadh in saudi arabia, it is 7:00 a.m. this is day two, let's talk about the middle east closing. closing .9%. equity markets just a little lower. up by an eighth in dubai. we dropped by 4% yesterday morning, all on the back. that looks as though it has been denied. a 13 day winning streak, that is off the agenda. market, .5%. the currency strengthens at 15.8 against the dollar. those are your closes, angie. i think the day will be important in how we open up because you have that nice oil price up by 6%. all hands on deck. we are going around the opec countries. russians are having conversations with opec. deck, they hands on are set to talk in london. to get a deal for the 30th of this month. but look at the market positioning. the short positions are rising, 2012. they are roaring higher. the net positions have dropped by 23%. the biggest slump since 2012. but the short positions are up 55%. the market is short into the current november. angie

>> it is 1:00 in hong kong. opec failed to agree on output levels for iran and iraq. they feel to resolve the question of resumption's -- exemptions. iraq wants to keep hoping to pay for its war with militants. donald trump abandoned his pledge to prosecute hillary clinton. during the campaign he said that if he was resident, she would be in jail. now, the president-elect has told "the new york times" he has no intention of pursuing her over her use of private emails. the chinese yuan has set a record against the u.s. dollar. 6.89.ficial rate is that was the urine forecast for year end forecast for many. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. afternoon trading getting underway in hong kong and china. this is how we are faring. hong kong up 4/10 of 1%. elsewhereuiet session with japan off for the holiday. this is a bloomberg. ♪ emily: i'm emily chang and this is "bloomberg technology." coming up, a shipping disaster for amazon. a pilot strike threatens delivery for the e-commerce g

they banned them after they pledged allegiance to the hong kong nation and even used a japanese derogatory term for china. >>> the battle against isis took a serious turn. >>> and two deaths are being blamed on a rare tornado that struck in rome italy, being blamed for dozens of injuries and widespread >>> and a magnitude 5.0 earthquake in oklahoma was felt as far away as iowa. they say it caused quite a bit of damage. so far no injuries have been reported. >>> nbc meteorologist bill karins is here. >> it's amazing. there will be rain. ohio one of our toss up states is going to have showers. florida is looking fantastic. texas, louisiana, oklahoma. west, arizona and nevada looking great. salt lake city no problems at all and only our friends in alaska are going to have less than ideal election day weather. now a closer look at your day ahead. so for today that storm still lingering today over texas as the same storm system that will linger over the gulf coast states. so from new orleans to houston, chance of showers and down pours throughout the weather continuing for election day. >> hope

the two altered the wording of the pledge and displayed a flag reading, hong kong is not china. the territory's lawmakers must pledge allegiance sincerely and precisely. the judge indicated that beijing's intervention did not influence him. as fears over the mainland's influence grow, they have examined the qualifications of 13 others. they also say they should be disqualified for failing to properly read out their oaths. >>> senior officials from japan and russia are hammering out the details of some economic cooperation agreements. >> russian president vladimir putin is scheduled to visit japan and meet shinzo abe next month. japanese foreign minister fumio kishida and russian first deputy minister met on tuesday. they said they'll speed up talks in about ten agreements between the two countries. kishida said he wants the countries to work together in political, economic, and cultural fields. and he said he hopes they can get closer to a peace treaty acceptable to the people of both countries. russia and japan did not sign one after world war ii. >> japan's officials were worr

they banned them after they pledged allegiance to the hong kong nation and even used a japanese derogatory term for china. >>> the battle against isis took a serious turn. >>> and two deaths are being blamed on a rare tornado that struck in rome italy, being blamed for dozens of injues and widespread damage. >>> and a magnitude 5.0 earthquake in oklahoma was felt as far away as iowa. they say it caused quite a bit of damage. so far no injuries have been reported. >>> nbc meteorologist bill karins is here. >> it's amazing. there will be rain. ohio one of our toss up states is going to have showers. florida is looking fantastic. and as far as many areas of the west, arizona and nevada looking great. salt lake city no problems at all and only our friends in alaska are going to have less than ideal election day weather. now a closer look at your day ahead. so for today that storm still lingering today over texas as the same storm system that will linger over the gulf coast states. so from new orleans to houston, chance of showers and down pours ug that's nice to see nice warm weather continuin

they banned them after they pledged allegiance to the hong kong nation and even used a japanese derogatory term for china. >>> the battle against isis took a serious turn. >>> and two deaths are being blamed on a rare tornado that struck in rome italy, being bl f and widespread damage. >>> and a magnitude 5.0 earthquake in oklahoma was felt as far away as iowa. they say it caused quite a bit of damage. so far no injuries have been reported. >>> nbc meteorologist bill karins is here. >> it's amazing. there will be rain. ohio one of our toss up states is going to have showers. texas, louisiana, oklahoma. and as far as many areas of the west, arizona and nevada looking great. salt lake city no problems at all and only our friends in alaska are going to have less than throughout the day today. that's nice to see nice warm weather continuing for election day. >> hopefully the stars will line up to allow everyone to get out to vote across the country. >>> new details on a serial killer who's allegedly been operating for 13 years. >>> and "saturday night live" breaks down the fourth wall in a fin

in hong kong. i am angie lau with your top stories. the fomc says it only needs some further evidence, some further evidenced by inflation and employment are on track toward their goal. a decemberchance of hike. macau shares tumbling. 12% toenue fell about $518 million went macau's new $4.4 billion resort failed to give it a boost. struggling commodity trader noble has been given the thumbs up. its chairman describes the company's crown jewel. shareholders approve the sale of the u.s. energy unit as the company cut costs. the balance sheet set to be profitable. powered by more than 2600 journalists and analysts, in more than 120 countries, this is bloomberg. a look at the markets for you. afternoon trading just getting underway in hong kong and china. sydney just closing for the day. japan is closed as well. this is bloomberg. anchor: i am emily chang and this is bloomberg technology. n earnings bonanza. our expectation for the social network, just to hide. emily: alibaba shrugs off china's economy. how long can the world's biggest e-c

hong kong is teaming with high priced restaurants. the only sushi restaurant in the area has just received its order. >> translator: the moment you touch it, you are amazed by its wonderful condition in terms of freshness, moisture, and temperature. you can feel the man's spirit in the fish he sends. >> reporter: the sushi chef makes the move to inform his customers. >> he take care of all fish, and then he prepare for us. >> it's really amazing. it's the best sushi i've had for sure. >> translator: i want the fish to leave a lasting impression among people overseas so they remember that this tasty fish is from japan's shizuoka prefecture. >> reporter: he wants the fish from hisis prefectcture to beco global brand. the challenge is how to use his skills and techniques to make that happen. nhk world. >> you can catch our report, again, online with a full transcript. that is a look at business news. i'll leave you with the markets. >>> colombia's government and the largest rebel group signed a revised peace plan to end five decades of c