kong and hong kong. i start out early i contacted a couple of rich kids through instagram and one of them invited me over. there they are the rich kids of instagram and their babies. welcome to the annual meeting of the super car club lots of super cars here. we're heading to a nearby hotel i've managed to get a lift in an audi r eight it costs one hundred sixty thousand euros but by comparison that's a cheap clunker in hong kong. these are the people i want to speak with i start chatting with reeve that's going to lift the. day so what you're watching i do comes out of your car. this one this one you are going on here buying a lamborghini is no big deal for him. so i love to buy something like the batman so i know i know that batman the batman movie is where they have to do it i'm ok as well so i bought this car pretty expensive car almost every day and you're always a. thousand would you consider yourself like saying being a rich guy no nice to man i wish i could harness so you think there are other ri

hong kong with hong kong is an awesome city but unfortunately it's also a terribly expensive city it may be the most expensive city in the world at the moment and i want to know where it is all that money who are the wealthy people of hong kong and. i start out early i've contacted a couple of rich kids through instagram and one of them invited me over. there they are the rich kids of instagram and their babies. please welcome to the annual meeting of the super car club lots of super cars here . we're heading to a nearby hotel i managed to get a lift in an audi r eight it costs one hundred sixty thousand euros but by comparison that's a cheap clunker in hong kong. these are the people i want to speak with i start chatting with reef that's going to lift the ground so what you do comes out of your car oh yeah sure. this one yeah this one you are going on here buying a lamborghini is no big deal for him. so i left to buy something related to batman so either i know that batman the batman movie is where they have to do it i'm ok as well so i bought this guy pretty expensive car almost ev

kong in hong kong. i start out early i've contacted a couple of rich kids through instagram and one of them invited me over. there and they are the rich kids of instagram and their babies. sleep. welcome to the annual meeting of the super car club lots of super cars here . we're heading to a nearby hotel i've managed to get a lift in an audi r eight it costs one hundred sixty thousand euros but by comparison that's a cheap clunker in hong kong. these are the people i want to speak with i start chatting with reeve that's going to look he's done ok ok so what you're watching i do comes out as i am your car where i'm. at this moment yeah this one you are going on here buying a lamborghini is no big deal for him. so i left to buy something related to batman so i know i know that batman the batman movie is where they have to do it i'm ok as well so i bought this car pretty expensive car how much of a. thousand would. consider yourself like saying you know rich guy no nice to man i wish i could. so you think

hong kong with hong kong is an awesome city but unfortunately it's also a terribly expensive city it may be the most expensive city in the world at the moment and i want to know where is all that money all at the who are the wealthy people of hong kong and. i start out early i contacted a couple of rich kids through instagram and one of them invited me over. there they are the rich kids of instagram and their babies. welcome to the annual meeting of the super car club lots of super cars here. we're heading to a nearby photo i've managed to get a lift in an audi r eight it costs one hundred sixty thousand euros but by comparison that's a cheap clunker in hong kong. these are the people i want to speak with i start chatting with reef that's going into the if you don't. want your i do comes out i go to your car which are. this one yeah this one you are going on here buying a limber guinea is no big deal for him. so i left to buy something related to batman so either i know that batman the batman movie is where they have to do it i'm ok as well so i bought this car pretty expensive car.

hong kong death hong kong is an awesome city but unfortunately it's also a terribly expensive city and it may be the most expensive city in the world at the moment and i want to know where it is all that money who are the wealthy people of hong kong and. i start out early i contacted a couple of rich kids through instagram and one of them invited me over. there they are the rich kids of instagram and they're babies. because. welcome to the annual meeting of the super car club blocks of super cars here. we're heading to a nearby hotel i managed to get a lift in an audi r eight it costs one hundred sixty thousand euros but by comparison that's a cheap clunker in hong kong. these are the people i want to speak with i start chatting with reef that's going to look just don't look a day so what was your idea of going so that i go from here finally after. this one this one you are going on here buying a lamborghini is no big deal for him. so i love to buy something related to batman so i know i know that batman the batman movie is where they have to do it i'm ok as well so i bought this guy p

hong kong death hong kong is an awesome city but unfortunately it's also a terribly expensive city it may be the most expensive city in the world at the moment and i want to know where it is all that money on the who are the wealthy people of hong kong and. i start out early i've contacted a couple of rich kids through instagram and one of them invited me over. there they are the rich kids of instagram and they're babies. because. welcome to the annual meeting of the super car club lots of super cars here. we're heading to a nearby hotel find managed to get a lift in an audi r eight it cost one hundred sixty thousand euros but by comparison that's a cheap clunker in hong kong. these are the people i want to speak with i start chatting with reeve that's going to be just don't. think so what was your idea of going so that i know you're not going to share. this one this one you are going on here buying a limber guinea is no big deal for him. so i love to buy something related to batman so i know i know that batman the batman movie is where they have to do it i'm ok as well so i bought th

kong and hong kong. i start out early i contacted a couple of rich kids to instagram and one of them invited me over. there they are the rich kids of instagram and their babies. sleep. welcome to the annual meeting of the super car club lots of super cars here . we're heading to a nearby hotel i've managed to get a lift in an audi r eight it costs one hundred sixty thousand euros but by comparison that's a cheap clunker in hong kong. these are the people i want to speak with i start chatting with reef that's going to look you don't look a day so what you do comes on i go tell me your car. this one yeah this one you are going on here buying a lamborghini is no big deal for him. so i left to buy something related to batman so i know i know that batman the batman movie is where they have to do it i'm ok as well so i bought this car pretty expensive car almost every day and you're always a. thousand would you consider yourself like saying being a rich guy no use to man i wish i could harness so you think the

kong in hong kong. i start out early i contacted a couple of rich kids through instagram and one of them invited me over. there they are the rich kids of instagram and they're babies. because. welcome to the annual meeting of the super car club lots of super cars here. we're heading to a nearby hotel i've managed to get a lift in an audi r eight it costs one hundred sixty thousand euros but by comparison that's a cheap clunker in hong kong. these are the people i want to speak with i start chatting with reef that's going to look at stuff ok ok so what was your idea of it comes out of the new york are you sure. this one this one you are going on here buying a lamborghini is no big deal for him. so i love to buy something related to batman so i know i know that batman the batman movie is when i say that i'm ok as well so i bought this car pretty expensive car almost every day and you're always a. thousand would you. see to yourself like saying you know rich guy no is too many irish. so you think there are

in that case, have you been in touch with the hong kong exchange and police in hong kong? >> yes, thank you for asking. we have been publishing under a previous brand, but since april or may of 2012 with this, and we have cooperated with any inquiries historically. our track record speaks for itself. we have had a number of different companies under this scenario. this company sound similar to the previous stories. inquiries are inbound and requests, i'm happy to discuss our findings. yvonne: final question for you, who is next? thank you for asking that too. my first chance at shooting bonitas was to look at hong kong listed companies. we have published on three different companies. i have another two reports in the pipeline scheduled for january-ish. we have outstanding due diligence deliverables to review and understand, but it looks like some of the recruitment efforts i made are starting to come to fruition. companiesding fabricating income statements and balance sheet information. this isn't just lying or trying to paint rosy forecasts. evidence thatical the company

kong continuing the species survival in hong kong.ivan watson, cnn, hong kong (ken) here in northern california, only one native freshwater species of turtle remains.... the western pond turtle. according to the department of fish and wildlife... habitat destruction continues to contribute to its decline.... and the turtle is listed as a species of special concern. vicki)sacre bleu! a frenchman heads out into the great blue yonder ... in what is basicaly a large barrel. more on his incredible journey... is coming up. (ken) a 71-year-old frenchman has set off across the atlantic ocean in a large orange barrel, hoping to float to the caribbean by the end of march. jean-jacques savin left the canary islands, off the coast of west africa, yesterday, in a sophisticated barrel-shaped capsule he spent months crafting. he intends to make it to the carribbean on the strength of currents alone... traveling at one to two miles an hour. the retired military parachutist has been funded by sponsorships and a crowdfunding campaign. he has stowed away a bottle of white wine and a block of foie gras

hong kong time. spain retail sales closely watched by the european coming bank, and numbers from the u.s.. that is it. of next, bloomberg daybreak middle east. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. >> i'm brad stone in san francisco, in for emily chang. this is "bloomberg technology." coming up in the next hour, who had the best holidays? apparently amazon. they are reporting a record-breaking season. plus, billions of apps were downloaded in 2018. we will discuss what is fueling growth in the mobile market. we look back at one of the biggest stories of the year. the role that social m

hong kong lower by 100 points here. alice say it comes down -- analysts say it comes down to the implementation of reform measures. comes to the property market as well. take a look at stocks we are watching. is stock we are watching this, the online food and delivery platform. here we go. take a look at that. the stock is follmann close to 6% in hong kong today after the founder of a bike sharing app decided to leave as ceo. keep in mind he acquired mobike earlier this year. the stock took a beating. company isanic milk not flying. they are going to buy a majority stake in the organic milk unit. ec both the stocks higher today. take a look at shanghai biosciences, a biofarma company here in hong kong, surging more than 22% here today, the second-largest ipo we have seen in hong kong this year. nejra: yvonne man in hong kong, thank you so much. skip the bloomberg first word news with debra mao, also in hong kong. the white house has moved to try and calm the markets after the loss of steven mnuchin, who largest banksix

kong that's probably where we had some of the most exciting developments for example with the hong kong regulator issued a new framework not only for crypto exchanges but also crypto funds and just to give you an example under the new framework and the crew license fund manager in hong kong and there's more than two thousand of them can hold up to ten percent of its portfolio in crypto us that's what any additional licensing recall. and if it wishes to go over to ten percent or actually make a dedicated crypto fun it may do so of obviously there are certain restrictions with regard to type of investors they can have and or capital requirement or the type of policies on the risk evaluation they must that they need to have but it's obviously a very interesting development when it comes to cripple funds and this can continue to position hong kong as a leading asset management center not only for traditional us management but definitely for crypto us at management as well but henri how do you how do you sort of split the baby as it were between too much and not enough regulation you know i

kong that's probably where we had some of the most exciting developments for example with the hong kong regulator issued a new framework not only for crypto exchanges but also crypto funds and just to give you an example under the new framework and the crew license fund manager in hong kong and there's more than two thousand of them can hold up to ten percent of its portfolio in crypto us that's what are any additional licensing requirements and if it wishes to go over ten percent or actually make a dedicated crypto fun it may do so but obviously there are certain restrictions with regard to type of investors they can have and or capital requirement or the type of policies on the risk evaluation they must take they need to have but it's obviously a very interesting development when it comes to cripple funds and this can continue to position hong kong as a leading asset management center not only for traditional us in management but definitely for crypto us at management as well but henri how do you how do you sort of split the baby as it were between too much and not enough regulation y

kong that's probably where we had some of the most exciting developments for example with the hong kong regulator issued a new framework not only for crypto exchanges but also crypto funds and just to give you an example under the new framework and the crew license fund manager in hong kong and there's more than two thousand of them can hold up to ten percent of its portfolio in crypto us that's what are any additional licensing requirements and if it wishes to go over ten percent or actually make a dedicated crypto fun it may do so but obviously there are certain restrictions with regard to type of investors they can have and or capital requirement or the type of policies on the risk evaluation they must take they need to have but it's obviously a very interesting development when it comes to cripple funds and continue to position hong kong as a leading asset management center not only for traditional us in management but definitely for crypto us at management as well but henri how do you how do you sort of split the baby as it were between too much and not enough regulation you know i

kong it's visiting and strength have helped it survive for centuries here in hong kong it's three times faster to build than steel and costs a fraction of the price but the laws state that each pole can only be used once every year five million poles end up in landfills with landfills at capacity the government has started a campaign to recycle the most important job that we are doing here to promote reduction at sauces so if we can't do without it we instilled that in a culture of less than five more that is to say more resources for our water that we all our next generation around fifty tonnes of used bamboo has been collected so far this year as well as public workshops design is being invited to use old poles to create new products showcasing these ancient material in a modern liners we already know everything we should says the first thing we're going to launch after we launch the shoes we launch even i would like to keep that petition is made up of bamboo five a bamboo has always had a reputation of being a temporary structure here in hong kong it's mainly used as scaffolding but

debra mao has that in hong kong. ebra: japanese prosecutors rearrested carlos ghosn on fresh, more serious allegations on misconduct. in the latest twist, prosecutors say the former nissan chairman is suspected of transferring his personal investment losses to the company. every arrest gives prosecutors the right to retain ghosn, who has previously denied wrongdoing, for at least another 10 days. danske bank cut its forecast for 2018, blaming the markets long and ending a year dominated by scandal on a decidedly weak note. denmark's biggest bank said it will reach 15 million kroner, down from of forecast range of 16-17,000,000,000 kroner. it comes as they deal with the fallout of multiple money laundering investigations. nike surged in late trading after reporting strong trading china,h america and being the forecast $.46. this is their first earnings report since the controversial ad campaign featuring colin kaepernick. nike ceo said the ads drove an uptick in engagement. qualcomm secured another victory over apple,

kong its versatility and strength have helped it survive for centuries here in hong kong it's three times faster to build than steel and costs a fraction of the price but the laws state that each pole can only be used once every year five million poles end up in landfills with landfills at capacity the government has started a campaign to recycle the most important job that we are doing here is to promote reduction at tsotsis so if we can't do without it we instill in them a culture of less than five more that is unsafe more resources for our water that we all our next generation around fifty tonnes of used bamboo has been collected so far this year as well as public workshops design is being invited to use old poles to create new products showcasing the ancient material in a modern lives we already know everything we do says the first thing we're going to launch after that we launch the shoes we launch even allat like the fish at the tissue is made of bamboo five a bamboo has always had a reputation of being a temporary structure here in hong kong it's mainly used as scaffolding bu

annabelle they are in hong kong. theresa may has pushed back the second brexitg a referendum because she wants people to vote for her deal. it comes after eu leaders failed to provide any leeway to make her divorce deal more attractive to lawmakers in the u.k.. joining us now is bloomberg's news director. lucy macdonald, cio at global equities. david, let me kick it off with you. clearly she is going to kickback against anything that is not her deal, but you would expect her cabinet to be on the same page. does she have to tractors in her midst? when that be a revelation, the split in the british cabinet. haswhole of the government been very divided about this issue all along as we know. some pretty strong reports over the weekend about this movement for a second referendum. gaining traction within mrs. mays cabinet. they denied bit this morning. she has been forceful in saying that the vote was taken in 2016, it is a petrillo the british public. if we try to undo that in any way, it is pop by those who want to subve

. >> and i'm in hong kong. welcome to day break flverage asia. -- "daybreak: asia." >> our top stories this tuesday, u.s. markets maintain the trade truce rally. the s&p and the dow both rising. more than 1%. the dollar weakens again. the optimism extends to oil with crude surging the most in the five months and bouncing back from its worst monthly oss in a decade. auto stocks are among the winners. exporters are looking at a big potential payday. >> let's get started with breaking news out of south korea. we are getting the final figures for third quarter g.d.p. coming in, a growth of .6% on quarter on quarter. on quarter. that was in line with estimates and also pretty flat from the second quarter where growth was also .6%. year on year there has been a slowdown to 2%. remember, this is the final figure. still a slowdown from second quarter growth of 2.8% that we saw a year on year. so a bit of a slowdown for g.d.p. growth for the third quarter. final numbers, growth of 2%. and we're also getting some s.p.i.

hong kong lower by close to 0.9%. large-cap and asia market turning positive, potentially on news of these reform measures we got out of china and the work conference on friday, talking about how they will be loosening rules on investment, also easier credit policy, taking the neutral stance in their policy as well. it could be why we are seeing a turnaround for chinese stocks. we mentioned, it is a chinese with -- it is a holiday week. half or sor and a before things shut down for christmas. asian markets are down by 0.7%. hasaad: shanghai buyers coming to the market. yvonne: the trick, if you are in hong kong, do it on a day when it is slow. we are up 20% in the biofarma company of shanghai. dianping in particular, after we learned the cofounder decided to leave, which meituan owns that company. rishaad: coming up, tech transfers at the heart of president trump's irritation with china. beijing is weighing new nerules. we will hear that argument next. ♪ comcast business built the nation's largest gig-speed network.

hong kong one of the victims. we are on course for the worst year since 2011 for hong kong stocks, china faring off worse. but we are closed here today. certainly wrapping up a volatile session and year. manus? manus: great roundup. yvonne with the asian session. we are closing with a lack of liquidity in these markets. let's get first word news. debra mao is standing by in hong kong. debra: italy's parliament approved its 2019 budget law. this follows the weeklong standoff with the european commission. they agreed to lower a 2019 deficit target to 2.04%. the initial 2.4% target was rejected by brussels as breaching eu rules. the chances of the u.k. leaving the eu are 50-50 as parliament rejects theresa may's deal, according to uk's international trade secretary liam fox speaking to the sunday times. he called on fellow lawmakers to back the deal, saying he would rather have an agreement that falls short then risk no brexit at all. russia and turkey have a crucial role to play in syria. that's according to a messa

hong kong ring with eight at the new year with victoria harbor providing the backdrop to a spectacular fireworks display also on the program bangladesh's prime minister says her conscience is clear she has ina rejects calls for a new goes after winning her third consecutive election despite this latest being mauled by deadly violence d.w. hears from voters who say they were forced to vote for. congo meanwhile is awaiting the outcome of its landmark presidential election sunday's votes have been counted tensions are high following allegations of widespread voting irregularities. in. five hundred homes very glad you could join me. revellers so around the world all ringing in the new year in hong kong is one of the latest to welcome the start of twenty nine team all the traditional fireworks of the victoria harbor for accompanied by music canada. sure watched by hundreds of towns. and audio australia kicked off the proceedings in spectacular style sydney staging its largest ever fireworks display and of course there are still plenty more parties to come. we'll have new year's updates from

kong shell company to sell equipment to iran in violation of u.s. sanctions they also said that monk personally misled american banks about why always business dealings in iran among is fighting to be released on bail for health reasons. the us government is trying to downplay the impact of her arrest washington says it's a criminal matter which is separate from the ongoing trade negotiations but investors seem to doubt that it will work out that way. german exports rose eight four and five percent in october to one hundred seventeen billion euros that's what data from the federal statistics office shows today and let's say it's a sign that europe's biggest economy is still robust despite international trade tensions germany is the third largest exporter in the world off to china and the u.s. cars like mercedes b.m.w. and germany's top sellers around the world. they make up around one fifth of total exports machines chemicals and electronics also in high demand for gold. so pretty positive new figures within the studio now as our correspondent steph

i'm david ingles in hong kong. kathleen: i'm kathleen hays in new york, welcoming you and everyone to daybreak asia. let's look at the top stories. asia stocks face a mixed start in many markets after the biggest turnaround since 2010. david: traders trying to figure out if the u.s. reversal signals a bottom for the soft market or the market itself, or is it a case of year end rebalancing? kathleen: china embracing for year end demands on trade. beijing is unsure what president trump really wants. as kathleen, so mentioned, that's exactly what we are getting across major markets. australia up and running for 60 minutes, japan coming online, korea getting warmed up. have a look at our gmm here. equity columns on your left. mixed picture, .4%. earlier,of japan jobless rate ticking up a little bit, industrial numbers coming in slightly better than expectations. the story today is in the bond market. look at the fourth column with yields continuing to push lower. 2016 lows roughly for the australian 10-year, 2.34% righ

count down to the new yass just ended in hong kong with victoria harbor providing the backdrop drop to a spectacular fireworks display also on the program bangladesh's prime minister says her conscience is clear a shake a senior rejects the calls for a new photo after winning her first consecutive election despite its latest being mobbed by deadly violence but her rivals have called her victory a fraud. although meanwhile is awaiting the outcome of its lamarck presidential elections sunday's votes are being counted and tensions are high on allegations of widespread voting irregularities. i'm phil gallo welcome to the program. revelers across the world are ringing in the new year the colts have just struck a midnight in hong kong which saw hundreds of thousands of people like victoria harbor so watch the traditional fireworks display. that is not to look much like fireworks but believe me they were there when you hear that they are near here january first is a major event in hong kong but in mainland china the big celebrations take place in february about the beginning of the lunar new

kong down by about one of the half percent way c.f.o. one shoe was taken into custody in canada last week at the behest of u.s. authorities and is fighting to be released on bail for health reasons another day another sign that monks a rest could spill over into the u.s. china trade dispute this time claims of poor treatment in the media. now there are already some media reports revealing details of monk one shows treatment in custody including some inhumane measures such as not giving her fundamental medical support . we believe this is inhumane and infringes on her human rights issues. and that's one more reason for investors to worry stocks in asia continue to slide this week in the wake of the arrest tech stocks are among the biggest losers in tokyo hong kong and south korea chip makers like hynix and producers of smartphone displays like japan display among them. the chinese foreign ministry accuses the u.s. of violating the legal rights of man one joe it urged the americans to withdraw all the arrest warrant. mung was taken into cu

hong kong time -- 9:00 a.m. hong kong time. china order to million tons from the u.s. -- ordered 2 million tons from the u.s.. the big deals are in fact happening as trump said earlier --s week china but is buying china is buying tremendous amounts. but there could be more casualties as apple suppliers are considering shipping production out of china if the u.s. increases tariffs to 29%. one apple partner suggested other locations for iphone production, so watching some like these. the wrapping up of the patent spat between qualcomm and apple will drive markets. haidi: let's take a look at how markets that are trading are are faring. we are seeing a tentatively positive mood in asia with positive headlines on those soybean purchases. also potentially a did taunt -- detente on the trade war. shery: futures looking higher. this is bloomberg. ♪ is is bloomberg. ♪ rishaad: this is "bloomberg markets: china open." >> theresa may clings on after winning a conservative vote on confidence, but her brexit they'll headache will not g

greater china a connoisseur in hong kong. rishaad: india tweaking its economic policy to appeal the support base come up but they could annoy consumers in the process. more details on that on the way. ♪ rishaad: india is tightening rules for foreign e-commerce companies to protect local ones. bezon and walmart will barred from forcing sellers to feature exclusive products on their platforms. yvonne: this could in the hurting indian consumers. let's bring in our new delhi bureau chief. .alk us through this story what is the government hoping to achieve with this? >> the government is trying to ensure there is no predatory pricing. given the expansion the online especiallyave, amazon and walmart flying -- buying into flipkart. they have been complaining to the government, the smaller stores. the ruling party has a key support face in these neighborhood shops. seen these online retailers in expansion mode. is to protect them and get some amount of regulation into the online e-commerce space. is, if this thing is election neari

and it ends with that live auction in hong kong on the 19th. in woodside, betty yu, kpix 5 news. >> concierge auctions expects more than 100 people to attend in hong kong. they will consider 18 properties around the world. >>> with days like today, so beautiful out, you can see why people are looking to the bay area, they say, hey. >> it sells itself. >> yes, it does. even if the price tag is insanely high. we are chilly in inland valleys, fog is heading your way after midnight, down to 41 in santa rosa, 42 in livermore, keeping you milder in oakland and san francisco. san francisco 47, fremont 41, napa, vallejo, fairfield, santa rosa dropping to the 30s overnight. don't want to call it bad, it's decent but dropping. we haven't had much rain in santa rosa, 82% of normal, san jose 69% of average for the water year which began on october 1st. plenty of storms, not for lack of weather, it just is not heading here. we have another frontal the way but notice where the arrows are pointing, toward the pacific northwest. the storm track is working its

hong kong under pressure as well. alli pretty much evaporated gains from the earlier days, so we are suggesting this was maybe a technical rebound, not exactly an inflection point in the market. the trade headlines are not exactly helping as well. you mentioned the u.s. team heading to beijing in early january, and we got the weak profit china, industrial contracting for the first time since 2015. rusal, up close to 8% on news the chairman is resigning after six years at the company. his resignation was part of a paska struckri with the u.s. to lift sanctions on his companies. cnooc, up 1.2% in hong kong. bank of china, issuing their perpetual bonds. another move, the chinese really replenishing capital in some of these chinese banks, the stock rally in just a little bit. nejra: yvonne man in hong kong. thank you so much. let's go to bloomberg first word news. desley: hi, nejra. delegation isent set to go to beijing for trade talks the week of january 7. the deputy u.s. trade representative will lead the white house t

hong kong is being eroded. >> again, i am not an expert on hong kong, and my impression is that we think basically one country and two systems is working well and our chinese partners are living up to the deal that was done two decades ago. yes there are issues and sometimes, we are talking all the time to the chinese administration about hong kong. we think it works well, and if you look at hong kong now, it is thriving. i think the judiciary would agree independent of that. it is not perfect, but it is pretty good. >> let's turn to the middle east and then i will invite the audience to ask some questions. at least from where i sit, it looks like the most important trend on the middle east today is they are looking at the decline of a ramp power. we see a number of a ramp states have been torn by contention, and there are countries like syria that was once a bastion of a ramp nationalism and not in control of their own territory. the gulf monarchies are looking at long-term declines in oil revenue and rising population, and britain has a long history of engagement in this part of the wo

in hong kong. we are an hour away from the opening of trading day in hong kong. across the board in shenzhen and shanghai, chinese stocks looking like a muted start tuesday's trading. pretty muted in terms of the markets that are open. we are seeing tokyo and seoul trading lower. australia keeping its head above water. it was a roller coaster ride of volatility-driven turnaround when it comes to the u.s. session overnight. not a great deal of conviction feeding through to the asian morning. i am haidi stroud-watts in sydney. shery: i'm shery ahn. let's get the first word news with jessica summers. jessica: thanks. theresa may heads for europe on to her after bowing critics at home and postponing a crucial brexit vote in parliament. she will hold talks with angela merkel. faced with almost certain defeat of her much criticized deal, the prime minister says she will seek what she cause assurances from e.u. leaders, yet she gave no indication of what that means. >> the government will step up its work in preparation for that potential outcome and the cabinet will he

debra mao and hong kong, thank you so much. theesa may could be on brink of a vote of no-confidence come out lawmakers could be able to topple the prime minister. that terry and theo. controls the process of a no-confidence vote has kept quiet as to whether or not he has received the 48 letters needed to trigger the contest, but there are reports that he could speak this afternoon. for now, we go to maria in brussels. what a week. and it is only. wednesday. does the speculation of a --confidence vote, does it in the eyes of russell's? : i think every european official in every european capital of the very close eye on this read it is not the first time we have heard the prime minister was on her way out. but this time, as you point out, regulation is indeed wild. when it comes to the european union, i would say that we have to go back to square one. the u.k. really needs to figure wants.t it is it what we see again with months to go until the exit day is at the u.k. is still fighting within itself to get a clear idea of what ki

chan wai-yee, chinese university of hong kong: "the method itself is very easy. you can use it, everyone can use it now." leaders in the field of gene editing have collectively agreed it's too early to implant edited embryos in humans because of the risks, humankind.prof. william hurlbut, stanford medical school: "we're at a hinge in human history."william hurlbut is a leading bioethicist who teaches at stanford university. in the months before the news broke, dr. he met together we would talk "eve about the seriousness of the issues and in a sort of step- wise way what you have to do to make sure it was done right, but when i heard that there were live born children from it, i thought 'oh my gosh, he just jumped ahead.' hurlbut knew nothing of the plan to implant edited human embryos.dr. he studied at stanford as a postdoctoral fellow where he worked with leading researchers. hurlbut describes him as smart, but perhaps too trusting of his own wisdom.prof. william hurlbut, stanford medical school: "he's young, he's inexperienced, you know he's from a small, rural

the hong kong market is an absolute standout. valuations are very low and the rest of shares in hong kong make it attractive from a global point of view. the surprise might well be the uk market, it under pressure at the moment, brexit is weighing on it, we could see a long—term benefit coming through and a rise on the ftse 100, long—term benefit coming through and a rise on the ftse100, they are the key markets for 2019. michael mccarthy from cmc markets in sydney, you have the china trade talks, brexit and the slowing economy and high interest rates in packing globalfinancial high interest rates in packing global financial markets and the currency markets as well, with the eurodollar at 1.1333, and we have seen a rise in crude prices overnight and in asian trade, with light crude at 52.28 and brent crude over the $60 mark. thank you so much for investing your time with us. i'm rico hizon. sport today's coming up next. this is bbc news. the top stories this hour: a gunman hs opened fire near a christmas market in the french

hong kong is open. japan is closed, china is closed, but hong kong is open and expressing optimism based on the trump tweet and xi's comment on it. the pound a stronger. futures suggest we will be stronger, but the dax is closed. many other markets also closed. modestexpected to make gains to reflect the optimism around the trade story. although i should point out, as we said, there was a negative from china. we discussed it with jodi schneider. that's the pmi data. the may factoring data looking -- manufacturing data looking weak. that trade story not entirely positive. it seems it's enough to go higher on the last trading day of the year in europe. some of the markets open, euronext markets open, the ftse open in london, as well. the ftse 100 up .01%. they ibex and the aex both out of the gate quite quickly and to the upside this morning. let's look at the sector picture than. it's not a day where we talk individual stock names. this is where we got to be i-5 hundred broken down in the imap function,

anna: debra mao in hong kong. now on to brexit and the referendum result back in 2016, which sparked the largest trash of any major currency in modern history. some traders who benefit against the pound may have benefited from the actions of nigel farage. his concession before the votes were tallied helped drive the pound to its highest mark on the year just hours before implemented. at least two close associates of nigel farage personally profited in betting against the currency. these are the findings of a long , aestigation of cam simpson bloomberg investigation reporter who joins us now. tell us how this relates to your early investigations around nigel farage. in june that ad significant number of hedge funds had secretly purchased private polling data from the country's leading. , and that gave them -- leading pollsters, and that gave them streaming data about how britain was voting on the day of the ote, allowing some of these hedge funds to make tens of hundreds of millions of dollars ahead of the crash. t

cnooc down 2.8% in hong kong. biggestin japan, the loss in the asia-pacific to date , sliding 6.5%, and origin energy as well down 6%. ,ishaad: some other companies softbank coming on the market, now declining more, 9.2% to the downside. takeda got an upgrade from -- mitsuru. it will be listing. nintendo selling 7.8 million switches. on the move down 2% and the declining market. ♪ ining market. ♪ >> 10:29 in hong kong. treasury secretary steven mnuchin says the u.s. and china will meet to discuss a broader trade truce in january. said the two sides are confirming logistics and are determined to resolve their differences. he added they already agreed any deal will be enforceable and verifiable. the white house is backing away from a government shutdown, signaling it may cap existing sources of money to fund the presidents border wall. this comes as richard shelby is writing a bill to extend current federal spending the february. the president said he would be proud to close down federal agencies if he does not

sophie: i'm sophie kamaruddin in hong kong. welcome to "daybreak: asia." ♪ haidi: our top stories is monday. beijing threatens unspecified action if the huawei cfo is not free. -- freed. the international monetary fund repeating its warnings about trade. the u.s.-china threatens global growth, jobs, and wages. shery: carlos ghosn is expected to be charged. we will have the latest on the case live from tokyo. on wall brutal selloff street with u.s. stock seeing their worst week since march. u.s. futures on -- under pressure. at one point, falling as much as 1% or we could be retesting the lows as back in february and april around 25.50. let's see how markets are trading. it is still heard -- barely, but how are we looking? early, but we are red across the board for asian stocks. the nikkei, losses over 1%. adding to declines we saw last week. ofn 1.5% over the course last week. it looks like more pain ahead for asian equities. when it comes to data today just, we have japan's gdp refer the third quarter coming in lower. you ha

we go to debra mao in hong kong. fort has been a rough year blackrock shareholders as asset managers had for their worst decline in a decade. blackrock is still better off than many of its peers. gauge has plunged 29%, more than three times the s&p 500 index. lee gearing up for the biggest push yet into the vegan market. plan to launch the incredible burger under the garden gourmet label. they are racing against unilever by the on to meet, backed bill gates and letter to cap real. the all stock a bid would value the canadian marijuana grower at $2.1 billion. canadianhis month, the company saw the share price half in two days. they deny any wrongdoing. instagram redesigned its platform for horizontal scrolling and the plan immediately went sideways. struck a barrage of complaints. the facebook owned app reverted to its original feature, saying the redesign was a small test that went wide by accident. matt: thanks. government u.s. shutdown is set to continue into 2019 after house republicans said they did not plan to s

kong its versatility and strength have helped it survive for centuries here in hong kong it's three times faster to build than steel and costs a fraction of the price but the laws state that each pole can only be used once every year five million poles end up in landfills with landfills at capacity the government has started a campaign to recycle the most important job that we are doing here to promote reduction at tsotsis so if we can do without it we instill a culture of less and safer more that is unsafe more resources for our water that we owe our next generation around fifty tonnes of used bamboo has been collected so far this year as well as public workshops design is being invited to use old poles to create new products showcasing the ancient material in a modern life we already know everything we should says the crossing we're going to launch after we launch the shoes we launch even i would like to keep that petition is made up of bamboo five a banjo has always had a reputation of being a temporary structure here in hong kong it's mainly used as scaffolding but it's most it'

it is synonymous with hong kong's ever growing skyline and has been an integral part of the building industry for centuries but despite its versatility bamboo has also become a waste problem for the government and a group of atsic to architects are taking up the challenge to give this sustainable material a new lease on life so a caucus for. its versatility and strength have helped it survive for centuries here in hong kong it's three times faster to build than steel and costs a fraction of the price but the laws state that each pole can only be used once every year five million poles end up in landfills with landfills at capacity the government has started a campaign to recycle the most important job that we are doing here to promote reduction at solstice so if we can't do without it we instill in them a culture of less and save more at ease and save more resources. that we all our next generation around fifty tons of used bamboo has been collected so far this year as well as public workshops design is being invited to use old poles to create new products showcasing his ancient mate

in hong kong. ivan, thank you. >>> a house democrat seeking an investigation as north carolina is looking into election fraud in the congressing race there. it is looking into the operations of republican mark harris. totals showed harris ahead of mccready by 9 905 votes. drew griffin has more. >> reporter: we are learning this criminal investigation has been going for nearly a year. it focuses not only on perhaps voter fraud, but on the campaign financing behind it. at the center of it is a man named dallas who was paid by the harris campaign to get out the vote in the county. we have done digging on mr. dallas. it turns out he worked on six different campaigns dating back to 2010. he was paid $23,000 for his work over those campaigns. get this, it turns out in almost all of the campaigns he worked on, his candidate got a dispropdi disproportate number of absentee bal ballots. >> that operative has denied any wrongdoing. >>> wisconsin's democratic attorney general-elect says a flurry of republican

yes hong. kong. gets caught. soon as she saw the lead. soon as she started. so we're not she started big rock my food so soon as she tried to leave the filthy. seafood so what was she thought a living. rooms that big a full. we don't know maybe to come on let's go. till sunday to do so should some logs on the ball. believe punch in the low bar most of. the coffee shrugs oh god. aren't there they're called so i'm going to see. what the f. ing sponsorship piano do. to people. that didn't know your mortgage. folk auto fixed costs the seaside coffee you get from zero zero zero dollars so blow off those in. the middle of the foot of the food the shop to let you see these he does see the. full sit go to costco see blog to go to the name follows. it depicted business. own beliefs based so a. big dent in their business. really based solely. as it goes. so it's like that so long so when i asked she enjoyed it live if it did basements of baghdad for so soon as she talked to them if there's a chance to. so not try those in the future. those two by their first date. will

rishaad is in hong kong. rishaad: we are looking at the latest on huawei and the rest of disruptionsing between beijing and washington. on in 10nell will be minutes, looking at what this means for the company and the wider picture. lack of agreement out of opec had j.p. morgan joins us in one hour to look at how -- to look at where oil goes next. that is what we have on the way on bloomberg markets. paul: thank you. before we hand over, let's look at the markets. all is back on after and voluntary day and wall street. the nikkei is up one third of 1%. day on wallolatile street. the nikkei is up one third of 1%. rishaad: this is bloomberg markets china open. yvonne: the huawei drama continues. there are calls for the companies to be heavily punished. david: opec talks break up with no agreement. saudi arabia says it is not confident that producers will agree to a cut. nissan may also be indicted. ♪

we will have shortened days here in singapore and also in hong kong. watching a little bit of moves in currency, a bit of a miss on the south korean cpi, 1.3% year on year. uphave upside in wti crude, 1.5% and iron ore trading higher. it is the better -- final day of the year here this is where i will bring out my favorite function, the asia-pacific index. this is the five-year average. you can see these red boxes showing what a volatile year we drop.ad in october, 9.5 we are on course for an 8.5% drop for december. compare that to 20 82 -- what will 2019 bring? there is interesting analysis saying despite the volatility of 2018, it is not armageddon, nowhere near the other crashes we have seen, but there is volatility in these markets. and --ck a positive positive end to the trading. at least for today. ramy: this week will be another holiday shortened one on wall street. it doesn'te learned mean volatility will be less. we have a fresh round of economic data, automakers sales and a public appearance by jay powell. is focus for many investors the week

i'm trying... ♪ yippiekiyay. ♪ mom. ♪ >> it is 8:30 in hong kong. we are just one hour away from the open of trading. we are seeing pretty much a down day across asia as we get sluggishness across the board. a pretty steep selloff everywhere from tokyo to sydney as we follow the losses we saw on wall street overnight. the s&p falling to the lowest since october 2017. this overhang from the fed, still and overhang when it comes to brexit and trade. geopolitics as well. in china. we are focusing on what president xi jinping has to say when he speaks in beijing later on today. i'm haidi stroud-watts in sydney. shery: i am shery ahn in new york. let's get the first word news with jessica summers. jessica: turning up the heat on the highly anticipated rate rise. president trump tweeted his opposition to a hike. peter navarro said a rise would be unjustified. a bloomberg survey suggests the fed will slow the pace of hikes next year as threats to the economy amount. china's holdings of treasuries fell to the lowest in 18 months. that is as foreign currenci