they say the board -- broadcaster nhk. they say they decided to remove .im as the company's chairman the meeting was called after he was arrested on monday on charges of financial misconduct. interesting to look at this point of the composition of the board making this decision. kellyers, ghosn and greg both arrested on monday. ofis the chief executive nissan and he was the one that held that press conference on monday and -- announcing the details of the allegations against carlos ghosn. itt position has been sure from -- stripped from carlos ghosn and greg kelly. it is interesting to note those positions have been taken away as well as carlos ghosn's position of chairman. nhk saying the decision was unanimous. we were expecting or hearing there were splits on the board. genie: what happens next? >> the next thing will be the meeting happening between the prime minister and bruno le maire because they will discuss the alliance and the competition relationship between rental -- renault and nissan. andeen those companies mi

. >> ben from nhk. >> yeah, you mentioned steve biegun's meeting with his south korean counterpart. i just wanted to ask, what is the message he's going to be sending as far as what the u.s. government would like to see the south korean government do as far as coordinating their inter-korean efforts and the denuclearization efforts? secretary pompeo: so i think there's complete agreement between the south koreans and us with respect to how this should proceed. we now have a working group that formalizes those processes so that we can be sure that we don't talk past each other, that we don't take an action or the south koreans don't take an action that the other is unaware of or hasn't had a chance to comment on or provide their thoughts. and that's the purpose of the working group that's being led on our side by stephen biegun. we have made clear to the republic of korea that we do want to make sure that peace on the peninsula and the denuclearization of north korea aren't lagging behind the increase in the amount of inter-relationship between the two koreas. we view them as tandem,

sources told nhk that ghosn's close aidegr

. >> ben from nhk. >> yeah, you mentioned steve biegun's meeting with his south korean counterpart. i just wanted to ask: what's the message he's going to be sending as far as what the u.s. government would like to see the south korean government do as far as coordinating their inter-korean efforts and the denuclearization efforts? secretary pompeo: so, i think there's complete agreement between the south koreans and us with respect to how this should proceed. we now have a working group that formalizes those processes so that we can be sure that we don't talk past each other, that we don't take an action or the south koreans don't take an action that the other is unaware of or hasn't had a chance to comment on or provide their thoughts. and that's the purpose of the working group that's being led on our side by stephen biegun. we have made clear to the republic of korea that we do want to make sure that peace on the peninsula and the denuclearization of north korea aren't lagging behind the increase in the amount of inter-relationship between the two koreas. we view them as tandem,

. >> ben from nhk. >> yeah, you mentioned steve biegun's meeting with his south korean counterpart. i just wanted to ask: what's the message he's going to be sending as far as what the u.s. government would like to see the south korean government do as far as coordinating their inter-korean efforts and the denuclearization efforts? secretary pompeo: so i think insecretary pompeo: so i think there's complete agreement between the south koreans and us with respect to how this should proceed. we now have a working group that formalizes those processes so that we can be sure that we don't talk past each other, that we don't take an action or the south koreans don't take an action that the other is unaware of or hasn't had a chance to comment on or provide their thoughts. and that's the purpose of the working group that's being led on our side by stephen biegun. we have made clear to the republic of korea that we do want to make sure that peace on the peninsula and the denuclearization of north korea aren't lagging behind the increase in the amount of inter-relationship between the two k

[captioning ♪ >>> welcome to nhk "newsline" this wednesday, november 21st. i'm raja pradhan with the latest from tokyo. >>> tokyo prosecutors are trying to uncover the murky flow of funds to nissan motors chairman. carlos goen was arrested on suspicion of underreporting his earnings. nhk has learned he received tens of millions of dla respect in stock-based compensation but the payment never appeared in the company's securities rep.

the latest report coming from nhk reporting that nissan spent several billion on multiple homes for carlos gohn. we will continue to watch that story, it will be the major story today trading in asia, also watching out for some of these apple suppliers as tech continues to see a downside. this is bloomberg. this is bloomberg. our next guest said it is important to look beyond short-term sentiment and see volatility as an opportunity. with us is our guest from hong kong. great to have you with us. we are seeing a lot of volatility and also going to to asian trading. and we had the latest headlines affecting investor sentiment. wouldn't this be the right time to be in the market or shall we wait until valuations fall even more? related selloff. fundamentally strong companies could the look value down. pricee bad news is in the that there is a different story in asia. our view is it is deftly timed to start taking a close look at those companies which we know very well which has a proven history of weathering the cycles. have taken a huge a huge selloff in the u.s. and in asia. is this a fact

because nissan for an executive got a deal with prosecutors and that is according to nhk. to follow up on that, no impact on day-to-day operations, but longer-term, what are we looking at? stephen: the longer-term is what is going to be the structure of the alliance? you could probably say carlos ghosn's pursuit of a merger within the alliance is probably kaput, but the day-to-day has been running fine without carlos ghosn. reputational damage, most likely, and again, where is the french government's state? will that change? where will mitsubishi falling all of this? mitsubishi says it will investigate and decide, and renault, the board taken by surprise like all of us late yesterday in asia time is going to have a board meeting today, tuesday, in paris or france. thesume it is paris, and big meeting will be thursday for the nissan board to discuss and perhaps move to oust carlos his own -- carlos ghosn. haslinda: stephen engle there with us. let's bring in christopher richter. how do you read this unfolding drama? we are talking about a man who basically saved nissan from

and there were other reports from nhk about various exotic homes. but we have not heard from the man himself yet. it's a hard story to report on because, frankly, the one person we want to hear from is silent. >> was this the first that anybody had ever heard about allegations against him? a whistleblower report had happened at nissan. i think it was that japanese prosecutors came out with it on monday and arrested carlos ghosn. that's when it fell into media hands. and now, the board rooms of all three cars are having to decide what to do next. nissan's ceo suggested they removed ghosn from nissan. >> anna stewart, thank you for the latest. i'll let you go. >>> still to come on "cnn newsroom," trapped in a war they can't escape. a new report says the children of yemen are starving to death at an alarming rate. we'll have more for you after this. >>> welcome back. as firefighters work to contain the two wildfires burning in california, the state may be facing another big problem, heavy rain is in the forecast. that could mean flash flooding and muds

that top position in the meantime the prosecutions investigation seems to be picking up speed as well nhk reporting in japan that a plea bargain deal has been entered between japan's authorities and one executive. we're not talking about carlos ghosn but an executive that is believed to have provided private residencies free of charge for carlos ghosn here so certainly it looks like this alliance, renault, nissan and mitsubishi trying to distance themselves from this allegation of financial misconduct of carlos ghosn in the meantime we already saw that in the press conference held by nissan motors ceo. let's listen to what he had to say yesterday. >> translator: there are problems in terms of governance. when the top of renault is con currently serving as the top of nissan with 43% of shares, one person has too much authority. that was the problem i think this was one of the causes >> we're talking about this ceo chairman figure in this auto industry with the nickname of mr. fix it because he's known to have fixed major issues at nissan he takes a lot of credit for that turnaround for nis

nhk is reporting that carlos ghosn has denied any wrongdoing. that is where we stand right now. ramy: great stuff. stephen engle for us out of hong kong. coming up we're going to get from the u.s.tail this is bloomberg. ♪ s is bloomberg. ♪ [ phone rings ] what?! ready for christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by saying "get grinch tickets" into your xfinity x1 voice remote. a guy just dropped this off. he-he-he-he. sydney.t is 9:30 in futures looking like a downside to trading, 1% lower. futures here in sydney, we had the s&p entering correction territory in a thanksgiving thinned session, the worst thanksgiving week for u.s. equities since 1939. i am haidi stroud-watts here in sydney. inocencio here in sit -- in new york. let's get to first word ne

stephen: we have heard from carlos ghosn, through the nhk. they are reporting carlos ghosn is reporting any wrongdoing. he remains in custody in a detention center in tokyo along with a former -- fellow board member, the representative director on the board. the two of them being ousted late last week, thursday as the sun voted to oust carlos ghosn s -- thursday as nissan voted to oust carlos ghosn as chairman. at four: 30 p.m. local time, mitsubishi, the third and smaller member will have their board meeting. we heard last week from the ceo whoitsubishi motors basically gave verbal endorsement to carlos ghosn, but a lot has transpired including a unanimous vote from the nissan board thursday night. they will meet later today, 4:30 local time tokyo to vote whether to keep carlos ghosn as chairman of mitsubishi motors. nissan owns 34% of mitsubishi motors. ceo of nissan who supposedly led this as some against theup carlos ghosn, but on the back of allegations of misconduct, which have been handed to the tokyo prosecutors office. they have not

reported compensation and misused company assets and new details emerging from japanese broadcaster nhk that nissan funded four properties around the world. paris and amsterdam and rio and did not disclose on financial reports. cnn has been unable to reach ghosn for comment on the allegations. no public remarks for him. >>> victoria's secret ceo resigned as the company faces competition from competition and online stores. you know the fashion show is iconic. sales are struggling. last quarter, sales dropped 6% at stores which have been open for a year. the victoria's secret 1,000 stores are tied to struggling malls. last year, sales in north america fell 8%. >>> instagram, the latest to crackdown on fake likes and comments. instagram said it started removing inn authentic likes and other comments that use third party apps that falsely popularity. please, i beg you, the move comes as social media sites including instagram's parent company, facebook, faced criticism over trolls and fake news on the platforms. instagram built a machine learning tool to detect and remove fake popularity boo

breaking news on nissan, trouble for the automaker -- the company looking to remove chairman japan's nhk news service reporting that carlos scone has been arrested for alleged financial violation. we will dig into that

nhk reporting we have our first alleged comment from carlos ghosn. he has denied any wrongdoing according to state broadcaster nhk. , with said no wrongdoing the allegations of underreporting earnings as well as misuse of company assets for personal use. where does this leave the alliance? are we more stable? >> this vote is more important than we are giving it. that would give credence to the , what's beenissan handed over to tokyo prosecutors. whether mitsubishi sides to go the same route, that would be very interesting. there will be a meeting at the alliance in the netherlands. ceo will berim there as well to discuss the path forward. >> day-to-day this story is developing. thank you, stephen engle with the latest on nissan. rishaad is behind steve about to give a report. >> it is a tough spot. >> let's move on. as's have a look at nissan we have just been talking about. all the way up. maybe we are getting toward some slow resolution. it is moving at the speed of continental drift at the moment. alike --any has been invested by elliott. this has

the nhk says greg kelly was also arrested. goen led a dramatic turnaround in nissan. he is chairman and chief executive of france's renault. thousands of brokers reportedly have been allowed to scrub their records clean of complaints by customers and employers. it found the practice makes it hard for regulators and consumers to watch the behavior o broke of brokers. finra is considering change that's would make it harder for brokers to purge the records. former new york city mayor, michael blockburg, given a -- bloomburg giving $1.8 billion to john hopkins university. it will allow students to be considered for admission regardless of their ability to pay. he says he hopes the donation will allow hopkins to offer more generous scholarships and ease debt burden for graduates. those are your headlines. a lot of cash, dagen. dagen: enough that -- put is this way, i said this to somebody, that like millionaires are beneath him. cheryl: pretty much. dagen: he has to socialize with billionaires. this is money well spent. running for president, maybe not so much. >> i think

a very warm welcome to nhk "newsline." it's 9:00 a.m. on friday in tokyo. i'm miki yamamoto. >>> british prime minister theresa may hasas sa ruggeged o string of brexit resignations from her cabinet and a possible leadership challenge. she'll push ahead with the exit from the european union even as secretary dominic raab quit, along with others.

now the japanese network nhk is reporting that he used millions of dollars of nissan money to buy luxury homes in paris, amsterdam and beirut. as well as in rio dejaneiro which is where he was born, and there was no business reasons to do so. carlos goan was also chairman of renault, its put another executive temporarily in charge. this is how renault‘s shares are faring. mr ghosnn's is also chairman of mitsubishi, it will decide next week what to do. this is a story of alleged crimes. but there's a corproate context too. this piece by david fickling on bloomberg highlights that there was rising opposition within nissan to some of the decision that carlos goan was taking. bill blain is a financial markets commentator, here's his take on it. thatis that is not playing properly. the next clip i will play comes from the bbc tokyo correspondent rupert hayes. nissan's chief executive hiroto saikawa has got what he wanted. he got a unanimous decision by the nissan board of directors to get rid of carlos ghosn as chairman. it took longer than we expected, but it is the decision that everybody

nhk had abroadcasts, little item that one person has as theentified whistleblower that initiated the investigation. did not initiate this themselves. it was brought to them from an internal investigation and started by a whistleblower in the legal department of the company. he has been given some sort of deal with prosecutors in exchange for his testimony. anna: what does this mean for the world's largest auto alliance? is the alliance in doubt? many have said it has been held together by this man. itsit is not even in distribution of benefits. >> in terms of industry impact, that is where the questions are centering. whether this can survive without him. he put it together in the first place. when you think about his role in a lying renault with nissan, he is the only individual capable of answering every question about that alliance. he is the authority that can mediate among three very strong automakers that have their own very strong traditions and interests in such an alliance. it would be very difficult to replace a person like that. at the same time, the commercial logic for t

maria ressa founder, ceo, and , executive editor of rappler, >>> hello and welcome to nhk "newsline." we begin in japan, where the arrest of nissan motors' high profile chairman is sending shock waves across the business world. he was arrested on suspicion of underreporting his salary.

still ahead, nhk reports the nissan board has voted to dismiss carlos ghosn as chairman after he was arrested over allegations of financial misconduct. this is bloomberg. ♪ mberg. ♪ anna: happy thanksgiving. of nissan voting to remove carlos ghosn as chairman. joining us now is stephen engle. i see a headline crossing the bloomberg right now, nissan saying the board has dismissed carlos ghosn. what do you make of these latest revelations? it is an amazing fall from grace. he built it into a global powerhouse alliance. step inht be the first his career beginning to unravel. he was voted out unanimously by the board. couldld not vote, nor greg kelly, also said to be in detention under the same sort of microscope by prosecutors. we will get a final statement in to next two or three minutes the tokyo stock exchange on this move that now nissan is saying has happened. they have not removed him from the board outright. thatdicates, this boat, there might not be more resistance from renault. crossing.w more lines if they don't name an interim chairman, they are not decided net. men sayi

from dow-jones the last couple of days that his sister was paid for consulting work another report by nhk out f japan that ghosn ordered payment of $1.5 million for a home renovation another report there was $18 million that was diverted for acquisition of houses, and there were people that said why is this guy in jail for misreporting his salary on a filing with tokyo stock exchange some say that's extreme. the deputy chief prosecutor says uh-uh, that's not the case he says there are those that call this a minor infraction but in fact it is ranked among the greatest offenses in terms of crimes in japan. look at shares of nissan and renault. one, what's the future between them they would like a full merger. nissan is saying maybe not maybe we need to cool things off, even though nobody is saying dissolve the alliance then you also have questions on the finances at nissan that's the latest. guys, back to you. >> a lot of question marks there. future of the two companies, thank you. >>> let's send it to morgan brennan with a look at what's coming up in the next hour on "squawk alley. good m

nissan it from nhk, to propose dismissing him at the board meeting. ofwill get the share price the riyadh it was down from 6% when we started about 40 minutes ago. proposing dismissing carlos ghosn at the meeting. to get comment from spokespeople and also expecting a press conference from nissan a little later on. the alliance between mitsubishi and nissan-renault is complicated. the each own shares that also integration of the supply chain, they are very connected, so that is something we need to keep an eye on. carlos ghosn was supposed to be the linchpin, the reason for the success of this alliance. julian and marie stay with us. stay with surveillance, plenty is coming up including looking at the pound and a dollar. we talk all things fed, next. also, how to strengthen the currency. hot topic.so another live in brussels. this is bloomberg. ♪ ♪ francine: this is ""bloomberg surveillance." i am francine lacqua here in london. . we are getting an update on the story that took many of us by surprise this morning. carlos ghosn apparently being arre

according to nhk, one of the financial meets deeds —— misdeeds that carlos ghosn was allegedly involved with was purchasing homes in various locations, the total purchase price for four holmes was around £50 million and according to this story, sourced to sources in the investigation, those homes where purchased by the company, nissan, and a half of carlos ghosn, not for business purposes but for his private use, and yet they were not declared as part of his package of benefits on top of his already large salary package which ran to $10 million per year. that‘s the latest we‘ve heard on the investigation. mr ghosn arrived in japan we‘ve heard on the investigation. mr ghosn arrived injapan yesterday afternoon for a board meeting and it seems he had no idea what was about to happen. that was our correspondent reporting from tokyo. we will have the headlines coming up injusta we will have the headlines coming up injust a moment. but we will have the headlines coming up in just a moment. but we want to attempt to answer any questions you have on how the brexit process develops from h

that's according to nhk. the prosecutor's office in japan said there are those who call this a minor instrucfraction the fact he's been held and investigated for filing reports where his income was misstated, there are those who call this a minor infraction, but in fact it is ranked among the gravest offenses when it comes to financial crimes in japan. look at shares of nissan and renault. guys, there is an undercurrent here that many people have really not been aware of until this scandal broke there's growing tension between nissan and renault in this alliance renault owns 43% of nissan nissan owns 15% of renault for a long time the feeling in japan was the folks in france are trying to call the shots with regard to this alliance even though nissan sells more vehicles and in many ways is a much more powerful company that's the undercurrent behind this tension and the growing scandal involving carlos ghosn >> what's the latest on renault, phil the board has met, correct >> they met. they met and they kept hi

the japanese broadcaster nhk also reported the company had spent millions buying luxury homes for them, a huge shock to the industry and business world, he is seen as a titan of the car industry, credited with turning around nissan and renault, journalists like him as he is generous with his time so interesting to see what comes out in the next few days. shared parental leave is rare — not many companies offer it? it is an issue for women who have to leave work to bring up babies. it's one of those photos that once you start looking at it, you cannot take your eyes off it. is itjust one hand, though? it's lovely. let‘s talk to caroline prendergast, interim chief people officer at aviva. you‘ve been trialling this in the uk for the last year but take—up has been loads generally, what is it like at your company? in the last year we probably had about 700 people who have taken parental leave and 300 has been men. typically they ta ke and 300 has been men. typically they take 21 weeks off so it has been successful and we are pleased. have you seen an impact on productivity? it'sjus