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Bloomberg
Jul 8, 2014 8:00am EDT
trading. it is the only place in china where casinos are illegal and it relies on high rollers for 60% of its revenue. lawrence isos, looking to combine the best of the east, his own legacy, with the best of the west, where he was educated. what has las vegas inspired in the or what have consumables done to help you -- casino moguls there done to help you along? what in asia, they build slowly, and their more conservative, but in las vegas they have 3000, 5000 rooms, the shows, the nightclubs -- my philosophy is more along those lines, go big, or go home. having seen that that is workable and doable, i think that is how i developed city of dreams which is -- >> big vision. >> big vision, and we need to give customers something they have not seen before -- it is always about being more innovative, eager and better -- bigger and better. >> we will have much more from lateritans at the table" in the program. you can catch a full episode tonight at 9:00 30 p.m. eastern. raises theuber stakes, going head-to-head with new york city taxis. and, we will tell you how "transformers" is transfor
Bloomberg
Oct 10, 2014 8:00am EDT
the theory that sarcasm is -- barry ritholtz is going to stick with me. lessons from china. theoln's ceo talks about opportunities and challenges of doing business in asia's largest economy. we stay on top of the biggest story of the day, the markets, 334 point drop in the dow yesterday and 2% drop in dax today. stay with us. ♪ >> welcome back to "in the loop ." social media companies like facebook have had a tough time china to crack the chinese market. they are told in order to play china, they need to play by the rules. censorship rules. site, a hugeched a step in attracting what it sees as when hundred 44 million potential new customers. the entrance has come at some cost. we are talking about self-censorship. betty liu sat down with linkedin ceo jeff weiner in san francisco. he discussed what he has learned on the journey to china. you learn a lot about what matters to you as a company. it brings the executives together in terms of their own values and principles. you want to make sure that you are creating a space for people to be able to talk about what matters to them and w
Bloomberg
Jan 27, 2014 8:00am EST
down the investment from china. do you regret those investments? what is going to happen to cyrus in terms of write-down? >> i do not regret cyrus for one second. that is a long-term investment that this company made. aroundis a key business the world and will be for many years to come. we will look back on this on 5, 10, 20 years as a very good piece of business. remember, we bought cyrus to expand our product line to the minors. the other thing about mining today, which quite frankly is as interesting as it is surprising, production keeps rising. a lot of our machines keep moving. customers cutting back on in 2014, we are seeing that continue, as long as mining production continues, at some point they will come back to us for parts, new machines. it will turn around. i like that investment. down the road it has looked really good. >> there is so much increased competition in china from the chinese and from ge and mining equipment. what are you doing to stay ahead of the pack? chinese business has been a long-standing business. we were there in the 1970s after the opening. today,
Bloomberg
Apr 28, 2015 8:00am EDT
china than in the u.s.. that is a first for the company. iphones sales were up 40%. look at the one-year chart on apple area invested in a share of all this. the quarterly dividend is being raised by 11%. everybody is happy with apple area analysts are surprised by bps report. they reported earnings double what was expected. earnings made up for the low price of crude. on saturday night, when two boxers climb into the ring it you will hear cash registers ring. sales could reach $300 million. that is double what they would have made six years ago when the fight was first proposed. hbo says it will be a huge television event or it >> i think we can certainly project over 2.5 million, something that transcends sport. people who want to see an event this is decidedly an event where it betty: tickets range above $140000 apiece online. those are your top headlines. let's turn to another big company story. ford is out with their first order results, low estimates. they continue to struggle a little bit with changeover that we have been talking about. this aluminum body f1 50 pickup truck.
Bloomberg
Mar 31, 2014 8:00am EDT
top headlines this morning. also, china passes biggest online retailer making a big that off-line. -- aba investing coats retail group that owns a shopping mall in china. it will use the outlets to develop an online to off-line business. revelations about is linked to 13 deaths, documents show gm canceled a proposed fix years ago after-- years concluding it was to answer. i am joined by matt miller. on the hill tuesday and wednesday, testifying before congress. >> i am going. i will have a front row seat there to listen to what congress asks. general motors has a history of big fights with congress and the safety officials they kicked it off with the corvair and their battle with route -- ralph nader. they had a problem with their tanks and trucks causing solutions. now this. it is interesting. we tend to think of general motors as a company that has a reputation for putting cost-cutting before safety. washington.ght in this is a new company. it was run by washington, d.c. for a little while. now coming out the other side, this is new. the way mary has responded is haverent than g
Bloomberg
Mar 2, 2015 8:00am EST
consumption will go up. china is making some moves to allow consumption to grow. india and china, being big gold buyers the appetite will come back to the market,. scarlet: can you quantify what that will mean for volume? chris: an increase of up to 25%. with that increase in consumption, you will see such an appetite hit the futures that 1300 level by next year is going to be a forgot number. scarlet: that would be a breakout. thank you. thank you for joining us. alix: let's look at our top stories this morning. john kerry will hold a high-level meeting with russian foreign minister. the secretary of state is expected to discuss ukraine in the meeting with surgery lavrov. in geneva yesterday, kerry met with iran's foreign minister looking for a deal that would shutdown iran's nuclear program. the talks with iran are the focus of benjamin netanyahu's trip to washington. the israeli prime minister will address a joint session of congress tomorrow. he wants any deal to be delayed, saying it would threaten israel's security. he is speaking at the invitation of house speaker john boehner, w
Bloomberg
Sep 29, 2014 8:00am EDT
elections. the protest began on friday over china's plan to control the 2017 leadership election. andrew joins us now on the phone from hong kong. what is different this time around from hong kong? >> they are not going away. the idea was to occupy the central business and they have. they got near it, but now -- the are running the energy of the protest kind of overrun the original organizers who talked about a much more maybe 10,000 people occupying and not disrupting business. ie scale of this thing now -- just got back from the protest. 30,000 in the main points. it spread to other parts of the city. closed. the roads are protesters are incredibly wealthy and really nonconfrontational or damaging anything. they're not provoking the police. there are tens of thousands of april there and i hardly saw a police officer that was peaceful. the police learned and they really backed off today. it is surprising having lived in hong kong and having been born there to see that happening on the streets or even if they are relatively mild to what we have seen in other parts of the world. onwe know
Bloomberg
Mar 17, 2014 8:00am EDT
default risk for chinese ipos is a potential. we have seen 70-80 ipos out of china and the last 10 years and 25% have defaulted. there is more risk for china doing ipos than the u.s. there also seems to be a sense of increased revenue declines unless revenue increases which would put a lid on the valuation and even if the company is valued at $100 billion, it needs to raise $16 billion. for is a large deal institutions to place. institutions will look for a discount given the experience with facebook and its initial drop as well. >> you pointed out that they could not come together with an agreement and hong kong to possibly list there. that seems to be a big source of disappointment for people in hong kong. let me read a statement that came out from charleslee, the ceo of the hong kong exchange. he said -- why'd you think they did not come to an agreement? >> i think they stuck to their principles. the reality is that a dual cost voting structure does not affect the outcome of the market of ipos. ipos with eight dual class voting structure like facebook and google like cme group, have o
Bloomberg
Nov 11, 2014 8:00am EST
in trade talks between the u.s. and china. on countries have agreed technology products, chips to medical devices. the first major cut in 17 years. the deal is part of a larger global technology agreement that still needs to be ratified by members of the wto next month. to limitunning out iran's nuclear program. two days of talks and iran says no progress was made. november 24 as a deadline for the agreement. from todaye a week and negotiations have been going on for almost a year. with a is going global single day. the e-commerce company has made the holiday the biggest shopping event in china. and the first 14 hours, alibaba sold a record $5.9 billion. foreign brands are taking part in singles day. american eagle and costco all wanting to touch those american consumers. service providers are blasting president's proposal for regulation of the web. they say it would harm investment and innovation. verizon are hinting at legal action and chief lobbyist say companies could not pay extra. netflix and yahoo! are among those supporting. that's one of our top stories this morning, majo
Bloomberg
Apr 23, 2014 8:00am EDT
results were driven bigger margins. and also by stronger sales in china. the company has not been very bullish on china's economic growth. with us is the dow chemical chairman and ceo. great to have you back. >> nice to be with you. >> what happened with topline growth? america, as you know, we had a very cold winter in the month of march with lots of transportation and warehouse carrier issues. our north american revenues were not robust but clearly the bottom line is what matters but i what -- but i would not read much about the topline numbers this time around. we saw growth in china and we sought europe beginning a decent recovery. we are very optimistic about that. given the world economy being slowly recovering and uncertain, i believe we had a good margin growth through the corridor. -- through the quarter. it is six consecutive corridors of your on your margin growth and that is a great trend for our company. >> i don't understand how you can do that when raw materials are rising. >> that's because of our advantage. our investments in the u.s. gulf coast that we have announced
Bloomberg
Apr 23, 2015 8:00am EDT
objectives. profitability in europe and continued strength in china. we do that and put the track record on the board, i think it will flow through from an investor perspective. matt: 8.8 percent was your margin here. that was 1.1%, better than a year ago. europe is doing better than expected. will we see you coming in early with the profit there and 10% margins? chuck: we committed to 10% in 2016 and that if the plan where executing two. we continue day in and day out to look at ways to drive efficiency and the business. that is certainly the objective we're marching to right now. no change from that perspective. matt: one reason you are doing so well, selling trucks and suv's, suburban and escalade sales almost doubled compared to last year. gas price is helping you out obviously. do you expect the tail end to continue? chuck: we are pleased about the strength of pickups, suv's's, as well as a midsized chuck. we are excited about continued strength in those projects as we enter fundamentally replacing the entire chevrolet passenger car portfolio of the next 12 to 18 months. we w
Bloomberg
Nov 4, 2014 8:00am EST
company. increased shopping in china has led to more spending by advertisers. before today, alibaba's shares had risen 50% since september. investigating since its foreign currency dealing. faces inquiries from regulators in the u.k. and elsewhere. jpmorgan will set aside another $1.3 billion to handle possible losses in the case. the group -- the incredibly shrinking budget deficit. $483 billion at the end of september. that is 2.8% of gdp, the lowest it has been as 2008 at its peak years ago. up more than 10% of gdp. the deficit will get smaller willyear, and then it begin to expand again in 2016, the in time for presidential election. we have not seen oil this low in three years. tradedxas intermediate below $76 at one point today. that is before saudi arabia cut the price it charges u.s. customers. only oh is down 20% this year. maybe the decline in oil the economy isu not recovering, as all the bullish analyst think. collects back to the top corporate story this morning, alibaba out with better than estimated results. they came out and everything" here looking at the n
Bloomberg
Jan 13, 2014 8:00am EST
customers. >> they are not going to china. >> we have another company. wendy's. >> a huge jump in the free market. their outlook is on the high end. i could make $.30 per share. comcast is up 3.5%. wendy's has been terrible. they had a hard time staying relevant and remodeling. they are investing this new blood and remodeling their stores. 25% of their stores this year. this is a positive indication. >> they were feeling tired. >> when was the last time you ate at wendy's? >> i am looking at you. >> this is the issue. you are dealing with low margins. the dollar menu drives a lot of sales. you are also looking like -- at the trends to organic. >> and the trend -- the pressure on minimum wage. it will not pass, but it will squeeze them. >> we're looking at a nine percent increase for the nation. regardless of what congress ends up doing. what is the pricing power here? >> when was the last time you were in wendy's? >> never. >> it has been a while. >> that may be why it is so dated. >> if you had to choose between the fast food chains, where would you eat? >> chipotle. >> why is that? >> th
Bloomberg
Oct 13, 2014 8:00am EDT
price than a wants to get customers in china. the deadly disease comes home. the first time someone gets infected with ebola inside the united states. ♪ >> you are watching "in the loop." live on bloomberg television. it is columbus day. here is a look at our top headlines. the crackdown on tax aversion is not stopping some buyers. this deal will shift the u.s. medical technology company costs feel to the u.k. and cut its tax phil. kmart -- bill. kmart is the latest retailer to be hit by hackers. kmart will provide free credit monitoring customers. at the disorganized month and were hacked. who shop at the store this past month and were hacked. different economist wins the nobel prize -- a french economist wins the nobel prize. bloomberg television is on the markets. it moment of trepidation as to where markets are headed. >> it is time for futures and focus. gold futures trading at the highest levels as people look for safety. there are other things going on here as well. joining we with more -- joining me with more is joseph stone and todd horwitz. you.let's start with we have s
Bloomberg
Dec 16, 2013 8:00am EST
getting ready to sell tesla cars in china. it tesla has unveiled its chinese website and is inviting customers to put down deposits. cost $100,000 in the united states but it will cost $200,000 in china. the price of privacy is on our radar today. your face print could be a huge tool for marketing. there are companies drafting facial recognition code. the congress department will meet with companies in february. it's an interesting potential but also so many scenarios we have not thought about. >> apple has a patent for face recognition on phones. that got their thumbprint on the model 5s and they have the idea of scanning faces for security. tore are interesting ways employ this. >> it also is a privacy concern. >> it raises concerns. is looking at this. privacy is a big issue. >> it is, you mentioned the retailers will set at the table to come up with these voluntary standards but privacy groups will do this as well. the commerce department will bring together the retailers but alsoaclu and they will meet in february and they will come up with a code of conduct by june. the technol
Bloomberg
Apr 7, 2014 8:00am EDT
headlines, investors hold off tech stocks in asia and europe. among the losers, china's japan's softbank. nasdaq likely to open lower this morning. the recall crisis does not appear to be shaking investors in general motors, they are keeping the faith despite gm losing more market value in the last month. due to demand for the season premiere of "game of thrones." the same thing happened last the finale of "true detective." we have hit a milestone in the economy. american companies have shaken off the great recession. friday's jobs report shows the number of private sector jobs is now higher than the pretty recession peak. -- the pre-recession peak. mike mckee is joining me, we should be celebrating? the 192,000 jobs we got friday put us 110,000 over recession peak for private sector employment. in january 2008, it has taken us this long and recover. it is only a partial celebration. the economy would have kept growing had we not had the recession and there would be even more jobs. sequester, the government has been cutting jobs or keeping them at an even pace. who in the privat
Bloomberg
Apr 27, 2015 8:00am EDT
executive. rebuilding could cost $5 very iphones now selling faster in china than the u.s.. the large screens on apple's new models are popular in asia. today, we will be all over the apple results. hillary clinton's's presidential campaign is just two weeks old but the clintons are already backtracking. the clinton foundation, mistakes were made on tax reform. mistakenly defined with other locations. the foundation should be investigated. peter says some nations that made donations that favorable treatment from the u.s. while mrs. clinton was secretary. >> if you ever have an issue of a flow of funds to political candidates, whether that is to private foundations or their spouse, is there evidence of a pattern of favorable decisions be made for those individuals? the point we made in the book is that there is a troubling pattern with dozens of that occurring. betty: those are your top headlines. back to one of the top corporate stories, shares of deutsche bank dropping. plan for a massive overhaul. we will show you that in a moment. thousands of job losses. the ceo has been speaking
Bloomberg
Apr 10, 2015 8:00am EDT
bloomberg's reporters scathing report about china's economy. general electric is confirming its biggest strategic move in years. the company is selling most of its finance business. ge capital sold for nearly $27 billion. the buyers, wells fargo and blackstone. it is part of ge's plan to refocus on manufacturing. ge is buying stock worth $50 billion. the u.s. and cuba could take a step toward better relations today. president obama and cuba's president may meet face-to-face. secretary of state john kerry talked with the foreign minister bruno rodriguez. the president said closer ties -- president obama: we are as committed as ever to supporting political human rights and political freedom. i believe that engagement is a more powerful force than isolation and the changes we are making can help improve the lives of the cuban people. i believe that this new beginning will be good for the united states and the entire hemisphere. olivia: the president announced the historic shift in mid-december. the u.s. my remove cuba from the list from the countries believed to sponsor terrorism. deutsche
Bloomberg
May 27, 2014 8:00am EDT
at the top headlines. china is hiring a later shot in the dispute over ciber as --. the chinese government -- espionage. the chinese government is urging companies to dump their ibm servers. wilshire is in the midst of trying to acquire pinnacle foods. last friday, the s&p closed over 1990 for the first time ever. in ukraine, billionaire petro poroshenko is celebrating his victory in elections after more than 50% of ukrainians tabbed him to head the next government. ryan chilcote is in kiev. this is extremely important vote. what we know about the new president? >> good morning, betty. what we know is he is worth by our estimate about $1 billion. his claim to fame is making and selling chocolate. good businessf sense and political sense. he was a politician as well. he was the foreign minister under a former president and the minister under the former president viktor yanukovych, who we heard a lot about at the end of december. he was the first and only billionaire, oligarch, if you will, to join the protesters in calling for viktor yanukovych to step down. this guy has thrived
Bloomberg
Mar 12, 2015 8:00am EDT
talks with the countries creditor. china's central bank moving had to boost interest rates. the bank wants to live the cap on what banks may pay depositors. the head of the people's bank of china says the move is very close. a huge investment brightens the financial picture at snapchat with ollie baba $200 million into the company -- alibaba pouring $200 million into the comely, making it the third biggest startup between uber and xiaomi beard jpmorgan, goldman sachs, morgan stanley barely passed the capital requirement. they were cleared after revising their proposals. bank of america must resubmit its plans. citigroup and 24 other banks past. deutsche bank failed. the fed has pushed big firms to reduce leverage and fund more of their operations with equity. more on lost of stars -- more on those top stories. the stress test on the world's biggest lenders. michael moore joins us with more on this subject. how big of a victory is this for citigroup? >> a big victory. michael put a lot of resources a lot of people on this turning around this process. they made it through. they improve
Bloomberg
Dec 8, 2014 8:00am EST
, here is a look at our top stories in china. the shanghai composite index went over 3000 for the first time in three years. the index rose for the 12th day in a row. stocks up 20% during that rally. now urging investors to be cautious. merkel agreed to by an antibiotic maker for a $.4 billion in cash. take your cash elsewhere and go, or pay a fee. the wall street journal says jpmorgan, citigroup, and others, the new regulations make certain types of deposits impossible. among the clients that are infected, hedge fund companies and smaller banks. fate thisl learn its week in that record $17 million team. former colleagues could get up to 20 years in jail. of cambridgeuchess are in town. arriving yesterday for a three-day visit. a basketball game. has towilliam also washington today to meet with president obama. in the meantime, mcdonald's as well. 2.2 percent. a decline of 1.7%, so this is worse than it that it here at olivia sterns is at the breaking news desk with more. , orheir bread-and-butter should i say their bun and big mac. a decline of 1.9%. in europe, the numbers are also wor
Bloomberg
Feb 9, 2015 8:00am EST
in china. and you have to pay more for your gas. the average price of regular gasoline jumped almost $.13 in the last two weeks to 200 to -- to dollar $.20 a gallon. -- $2.20 per gallon. falling prices have led to a slowdown in drilling. the cartel says supply will only grow half as much as it did last year. in the british newcomer the big winner at last night's grammys. best new artist and pop vocal album. beyoncÉ and he each won three grammys. what a night. breaking numbers from mcdonald's . global sales down more than what wall street is mated, down 1.8%. scarlet fu has more. >> that is right. we know mcdonald's has made a change at the top coming in with the new chief executive. when you break down the numbers, europe and the u.s. performed better than anticipated. comparable sales rose to an unexpected increase when analysts were looking for a drop . in u.s., a gain of 4/10 of 1% versus the expected increase their mcdonald's cites a positive breakfast performance. for asia, the middle east, and f, a huge drop versus an expected drop of 8.4%. we know that mcdonald's had some pro
Bloomberg
Apr 4, 2014 8:00am EDT
about, the purpose of his trip is that he wants to give it the focus onto asia. china will be a key stop. >> arguably the key stop. this is part of that give it to asia. the fourth trip or chuck hagel to the region. he met with 10 of his counterparts from southeast asian nations to talk about ways they could cooperate, not just on military bases, but also humanitarian disaster relief. that sort of thing. a visit in china that will grab the most tension because there are a lot of people in china to see this pivot to asia by the u.s. military as a direct threat to china. an effort to contain china. i asked hagel about that. chinas is not a contain approach. out is an approach to reach and try to be more open and communicate and corneille and find ways we can work with each other in a common purpose and a common interest and we do that now with chinese in many areas. we will continue to do that. do we have differences? yes. but the only way to deal with that is to be direct, open. topics when heot meets with his counterparts from china is going to be the issue of cyber warfare. one of many
Bloomberg
Oct 1, 2014 8:00am EDT
and later, michael holland, who just came back from china. are activist investors on a winning streak? we will dig deeper. really --empire state realty trust. -- one year after taking them public, how is life changed and how -- why he would not rent to a company like uber. doctors are headed to texas, looking for anyone who might have come into contact with -- with the first person diagnosed with ebola in the u.s.. pro-democracy protesters jeered leaders. the tests are -- the protests are in their 60 day demanding free elections. mary barraors ceo will lay out her strategy with investment -- investors and analysts. gm has been hampered by record recalls so far this year. industry, the auto chrysler numbers are out for the month of september. scarlet fu has more on the sales, up about 19%. >> up about 19%. an consensus was for increase of 16%, so this is a better than estimated increase for chrysler. previous to this announcement, analysts had been looking for general motors to post the highest increase, 18%. ford is expected to show a 2.4% drop. we're still waiting for gm and ford num
Bloomberg
Apr 14, 2015 8:00am EDT
sales. in brazil, japan, europe, china, the middle east with oil prices. betty: outside of miami where are you seeing the strongest dollar have an impact in housing? tom: the markets, san francisco would be the opposite. the san francisco market has been tremendous. that is more of an asian buyer than a latin american buyer. i think it depends on where it is. i think we cannot count out the domestic buyer. we just not -- have not seen these economies recover through the homebuilder market. that market really has not recovered. everyone likes to talk about powers and that type of stuff but lets her mother majority of people live in single-family homes. betty: they do not live in penthouses. tom: that market has gotten better. housing is up 25% this year. still down from a normal market. we are still seeing that way down from where it is. we think in general, that is a single family member, but we think we need to produce about 1.4 million. 1.89 housing units per year. four years ago, we produce 600,000 to even last year, we produce less than a million. in general around this country and
Bloomberg
Mar 12, 2014 8:00am EDT
the concerns of europe and china. he believes that fed tapering is what needs to be done. actuallys. economy is is the best functioning. the u.s. economy has its own momentum. it's not following optimum policies at all. the internal political struggles which have not been resolved. we had a very wide-ranging interview. we talked about the u.s. and china and europe and the ukraine. there was a common thread in everything -- he said he has but he sees a political vacuum. in europe and the ukraine and a little bit in the u.s. and he things president obama can do more with ukraine. he believes all the political wrangling and washington, d.c. is just holding back the economy in the u.s. because he thinks it could forge ahead and we are still in a state of limbo. >> he also mentioned as not only the central banks facing pressure but commercial banks as well. exactly, we talked about central banks and he said it's a fragile world and there is stagnation in europe but also in the u.s. because of the political wrangling. i asked him the question on whether the markets are too complacent in e
Bloomberg
Oct 22, 2014 8:00am EDT
ceo of sears in a moment. plus, risky business, betting on real estate in china and other emerging markets theater we will speak with the former partner in just a moment. ♪ >> you are watching in the loop live on bloomberg television and bloomberg.com. hotel to a chinese insurance company for $2 billion. chinese investors continue to look for better yield outside the country. to thes a bright side trend, great investors looking for opportunity in china and other emerging property markets. cofounded with a billionaire, he gary launched his own firm, jaguar, which has its anchor and investor and additionally will place $100 million in his new real estate fund. morning.s me this great to see you again. sounds like things are trending up that your firm. tell me about your life insurance. what is this about? >> we are privileged to be with new york life. a renowned investment manager. markets.in emerging natural combination. >> let does it mean that they are an anchor investor? >> new york life joined us in our management company and will be our lead investor in our fund. >> great. yo
Bloomberg
Jul 1, 2014 8:00am EDT
few minutes jack lew will be speaking in washington on the state of u.s. china relations. a discussion that is being hosted by the u.s. china business council ahead of an event in beijing next week. we will monitor his remarks, but you can also watch it on our live events channel if you really want to hear his speech live. on wall street, fear seems to have left the building. the volatility index, which captures how investors expect the market to fluctuate is flirting with a seven-year low. with trading volumes down, many bankers are concerned. >> these levels with low volatility is wreaking havoc on the street. thousands,n it -- tens of thousands of layoffs in the fixed income space with a structural shift in the way it is being reported and the results coming out of the investment banks. every quarter we have spoken over the last year about what is happening with trading and trading revenues. this quarter is going to be down yet again. better to talk about wall street shading and volume than sean matthews? do you agree with that sentiment? >> absolutely. it is a tough environment rig
Bloomberg
Apr 22, 2015 8:00am EDT
you for that quick explainer. much more ahead. investors appear to be taking china's defaults in stride. is this a sign of more to come in china? we will discuss that in a moment. ♪ ♪ betty: more on chinabetty:. you would think to divulge in today's would-be negative for the markets but they are not because investors seem happy. responded by piling more money into chinese security. they were up over 2%, the indexes. one says it is a positive development the government communicated to disco they would start allowing defaults so the market was prepared for this and here we are. laura keller has been covering china's defaults and she joins us now. give me your perspective on this. is this business as usual here now in china? laura: the way we think about that is if the companies are going to be able to default naturally without government intervention, that means deals might rise to match the risk out there and that has investors excited. betty: to transfer yields rising which is attractive will that outweigh the investor concern? laura: i think that not for everybody. some peop
Bloomberg
Oct 21, 2014 8:00am EDT
to a lure customers to their diners, specifically in areas in the asia-pacific region. china, hong kong, japan, it did hurt the reputation of this chain paradise of two analysts, as well as others, and they told me they really need to look to crack down on this pacific issue. this is where there is the most up right potential. there more confident that his lossescan recoup by changing their methods and marketing campaign. across asia, australia for example, the dollar making it a little more expensive for a consumer. a lot of issues they have to focus on in asia. that heard their fourth-quarter results and they are changing guidance as well. >> thank you so much. our breaking desk on mcdonald's. another look at big copper -- top corporate stories. coca-cola says it will miss long-term targets for profit growth. will need toit refocus on their core operations, revenue is still falling in north america. dropped as well. in the meantime, tim cook setting off a holiday shopping spree. the last threer months of the year. the demand for the new iphone is staggering, he says. in the meant
Bloomberg
May 29, 2014 8:00am EDT
, not that much different than what we have seen in china in terms of their espionage or the u.s.. doing know this is linked to the ukrainian government? >> we cannot be sure of that. when you look at the high-value targets they were after, and you can infer the type of information they could be gleaning from those high-value targets, pacific lee from defense contractors looking for military secrets, military blueprints on weapons systems and other things, if they were targeting people focused on nonproliferation and sanctions, you start to pull together a story around the types of information they would want to glean for strategic advantage. qwest michael, have we gotten any response from the companies being targeted? thee do not know specific -- specific victims. facebook and linkedin have had to investigate themselves. facebook has removed all of their profiles associated with this fake news orson -- news organization. linkedin said the account is not any longer active. they're not saying much more than that. they are seeing if they can strengthen security measures. qwest than
Bloomberg
Sep 18, 2014 8:00am EDT
america maybe we don't like the idea of the chinese catching up. alibaba is symbolic of china's -- more than their mergers. it is a technology path. we used to say that the chinese steel many of us, we is to say that about the japanese, hong kong or south koreans. if they do at the beginning, they catch up. what you're seeing it alibaba is that they have effectively cut up to america. it will go through $200 billion in market caps. same size as facebook. this is one of the world's leaders. i got this morning an e-mail about what the distributors of the internet were doing, and samsung and china going into india, indonesia and brazil. arrival in the recognition by america, remember they could've floated this on the hong kong exchange but didn't do it. they chose the u.s. which is at a smart move. >> smart why? >> it positions them. look at the value of the publicity. here we are on bloomberg "in ," not about scotland but alibaba. would not have been a local story but less dominant. this makes people sit up and take notice. say they areill smaller and revenue size but more profitable. wha
Bloomberg
Mar 20, 2014 8:00am EDT
or other businesses in china. compared tontly amazon but it also has other businesses. this is an add-on to that. it is not buying this company. it is just investing in the company. it is not necessarily become part of alibaba, at least not yet. a history of purchasing companies they invested in early on. it shows the popularity of this area. whatsapp which was bought by facebook and vibre was purchased for $900 million. there is competition in this industry and a lot of investments by big players into the smaller players. we will see how much room there is for all of these different players to coexist or maybe a couple of them will rise to the top. >> thank you. up, cash may no longer be king as more companies go to mobile payment on your phone. we will talk to one of the creators of google wallet about the growing popularity. ♪ >> the federal reserve will publish results today of bank stress tests. could banks survive much less dole out dividends and buy back stock? i am joined by paul miller from fbr capital markets are we going through the motions here? is this designed to make
Bloomberg
May 22, 2014 8:00am EDT
well. through the middle of america, china is trying to spread the spotlight on great ideas, including nontext companies. >> do you support a minimum wage hike? >> i do. i recognize there are dynamics and some concern it could result in job losses and some sectors changing how able count hours, but in general, it is the right thing to do and is happening in a number of states already. that momentum will continue. back tolso say, going the productivity issue, there is evidence gains in technology including robotics are resulting in bringing just back including china, because they can manufacture because they need fewer people. than are fewer people now 25 years ago, but jobs are coming back here 10 years ago, people thought of the another -- a collocated mix of things. it is a great jobs report. we will continue to create jobs and drive the economy. >> henry ford created a thatacturing industry added thousands and thousands of more jobs. this tech industry does not add jobs but it may add other things. even if you educate all the people who lost jobs, will there be jobs for them availab
Bloomberg
May 7, 2015 8:00am EDT
registered to vote. the challenger is ed miliband. a change for china's biggest e-commerce company. alibaba naming jonathan lu to take over as ceo. he will take over for jonathan lu who is staying on as vice-chairman. alibaba reported strong quarterly results. daniel zhang will join us in the next hour. september view customers say they are the ones who took a beating in saturday's big fight. comcast, showtime, and hbo are being sued. because it up to $99 to see the about. manny pacquiao revealed he injured his shoulder before the fight. he had successful surgery. will the nfl suspend tom brady over deflate gate? some oddsmakers say yes. one sports book will not take best on new england's opening game next season. the patriots cornerback is likely to have known staffers were deflating the balls according to a report. those are your top headlines this morning. let's get back to the top story the bond route that has gone global. i want to get straight to jonathan ferro in london. we have been tracking this selloff. can we blame it on janet yellen? >> no. i think you put the nail on t
Bloomberg
Feb 10, 2014 8:00am EST
illegal to use bitcoin in the country right now. not exactly super surprising. china has also had a huge war against bitcoin over the last few months. also, here in new york, a number of cases going on. the vice-chairman of the bitcoin foundation is being accused of money laundering. you have a pirate being held in new york, awaiting trial for silk road operations. and there are people using bitcoin for money laundering. it is not an indictment of bitcoin, but of people using it for things that you could easily use u.s. dollars. >> is it positive that bitcoin is the distraught there. they are accepted mediums of currency. if you read what mark andreessen wrote, it is that it's going to change the conversation. i liken it as netscape. it opened up the world wide web and that worked out. >> this thing is that i can evolve and change, as you go along. we'll -- unlike netscape, it can be changed. pc companies running scared. apple has taken off the block wall it. it is a wallet that people use for bitcoin. apple has removed it from the ecosystem. >> hold on, i get it. they're not comfortable
Bloomberg
Dec 10, 2014 8:00am EST
using other production companies, in china or whatever it is, to go until the product. what they're getting good at is the interface with the consumer. see companies like this, they are all going after amazon, but are still just a small piece of the whole pie. do you see them eventually being customers of yours? you mentioned before there is an element that deals with companies like this. >> sure. we deal with companies small and large all over the map. is it isappening getting much easier to start a business. manufacturing in china, fulfillment, all the pieces you have to own before are getting easy to rent in some form or fashion. companies can experiment and get into business. are six -- that are successful can then do a cheaper. >> as it seems like harry's did in one case. >> so it is much more toeresting and much easier start businesses today than it was 10 or 20 years ago because all these pieces are available. companies like amazon will do a huge amount of business. if you add up all these little companies, they probably amount to 10 or 20%. it is a niche product but i think
Bloomberg
Mar 27, 2015 8:00am EDT
supplies. such volatility in those markets. weakness in china. its model as fell by nearly 50% last month. the research firm said tesla imported 63 luxury cars to china in february. that is 53 more than january, but down from hundreds per month during last year's fourth quarters. in an interview with the state own chinese media, ceo elon musk says he was "misled" by the end -- demands for tesla. a major breaking news story in washington -- senator harry reid is not going to seek reelection. the nevada democrat confirmed early reports in a video statement. yes been senate majority leader since 2005. yes been recovering from injuries suffered since exercising in his home. he has done and not going to stand for reelection. those are your top headlines. back to the german wings charge and investigation. investigators receive material that the copilot was suffering from a mental illness. richard white joins us now from frankfurt with much more on this. richard, what can you tell us about these medical documents and the sick notes that were found at his house? richard: here is a little bit of a
Bloomberg
Dec 9, 2014 8:00am EST
pouring money into new york real estate. the bank of china has agreed to buy an incomplete manhattan office tower. we will chat about the increasingly crowded new york real estate market with steven witkoff, founder and ceo of the witkoff group, a local developer. , the book publisher, wants to turn twitter into a bookstore. the next amazon, perhaps? .hey want you to buy buy buy here is a look at our top stories. a big change is coming for the fed. considerable time -- those are the two words the fed is used to describe how long interest rates are kept at record lows. the central bank may drop its phrase at a meeting next week. the atlanta fed president, for his part, says that he is in no rush and that there is a danger in raising interest rates too soon. that is adding to the global selloff led by a plunge in chinese shares. the government taken collateral rules for short-term loans. since november% 21. the price of oil rebounded slightly today. west texas intermediate climbed above the $60 a barrel market. arabia inoined saudi cutting prices for asian customers. asian buyers stop
Bloomberg
Nov 12, 2014 8:00am EST
. toby cosgrove. china has agreed to a cap on carbon emissions. the chinese president announced the agreement from beijing. the two leaders say they hope to cut a deal for an agreement on climate change. >> all major economies to be ambitious. all countries developing and across theo work divide for a strong global climate agreement next year. >> next up for the president, he praised memoirs reforms. theublicans -- race was too close to call last week. a runoff in louisiana next month in that last seat. the big settlement in that investigation, regulators in the u.s. and the u.k. and switzerland have ordered five bank to pay more than $3 billion. the banks include ubs, citigroup, royal bank of scotland, and hbc. ubs will pay the biggest penalties of all, a total of $800 million, and more fines may be underway. the u.s. office of the comptroller may announce today. dow chemical may be moving raising itsdow is orderly dividend to $.42, a 5% this. also reducing its buyback two $5 billion to nine and a half billion dollars. it was said earlier this year do dow should spin off to improve
Bloomberg
Jun 4, 2014 8:00am EDT
market followed by china and the u.k. bacon of theancis world. people are really rich. they want to put their money somewhere. >> what about some of the biggest heist. >> it is divided into two parts. you have the theft and the forgeries. in 2003 from the iraq national museum. 10,000 pieces are still missing. the most expensive was in 1990. the museum in boston, $500 million. the biggest theft ever recorded. 2% to 6% of only art that is stolen is ever recovered. it is really difficult to track. i heard stories about a helicopter coming in and taking a statue out of a garden. >> there was a private investor that lost $10 million in art. theft, youal lach, who hadf gund items stolen from his home, but that also included watches and wine and some of that was recovered. a former agent with his own business in art security and recovery says it is the wild west -- no one is monitoring sales. that can be protected by insurance but with forgery, you are at an immediate loss, and big names have been hit as well. steve martin bought a painting from a german forger and had to sell it at a subs
Bloomberg
Dec 26, 2014 7:00am EST
has a plan to rev up sales in china. stay "in the loop." ♪ >> good morning. we are streaming on your mobile devices and on bloomberg.com. closed high.ebook look again at this chart. shares are up 39% in the last year. the gain ofe times the s&p. what will zuckerberg's to do list before 2015. david, what is mark zuckerberg doing? >> he's always done certain things really right. a vision for what he is --ing to do, being cable capable of motivating his people. company as a fundamental force toward giving people power in the world and taking all of his actions, it's been a successful strategy for 10 years. >> he has spent so much money buying instagram, that seems to of paid off in spades. bought oculus for $2 billion. he spent $18 billion on whatsapp. are these going to pay off? >> if the instagram deal is any indication, they will. to pay $1 billion and now it's worth $35 billion years later, that's astonishing. what if whatsapp doesn't make any money? >> making money is not always the first thing you have to ask about with the internet. -- 500ve $500 million million it users. the vie
Bloomberg
Oct 2, 2014 8:00am EDT
students probably know that. we have the whole backing of beijing. hong kong is part of china. we see an escalation. protest,ot quite the the officetting into space in the office center, the center of the protest. we saw the police this afternoon stocking up on tear gas. they were doing a good job of making it transparent for anyone there. i think they were trying to send a message. >> i was reading reaction from mainland chinese who are visiting hong kong. this has been compared to demonstrations in the 60's. is it going to stay peaceful? this has been compared to demonstrations in the 60's. is it going to stay peaceful? >> this is not ferguson. the hong kong police force is not particularly aggressive. there is virtually no crime in the city. it is one of the safest cities in the world. used tear gas. it probably used it prematurely. they were not even firing it out of guns. yes, there will be some confrontation with the police. how far that goes remains to be seen. you mentioned, the demonstration so far has been incredibly peaceful and orderly. i covered a lot of demonstrations in
Bloomberg
May 5, 2014 8:00am EDT
. asian stocks slid overnight following group boards that showed that china's manufacturing contracted for a fourth straight month. slowdown could be deepening. quartereporting first earnings that topped it -- estimates. what he thinks past the hour means bloomberg is on the markets. markets correspondent olivia sterns has more. >> silver futures are trading higher this morning. they're extending the rally they had on friday. i am joined by bloomberg trade expert greg bender. greg, it has been a pretty wild ride this year. what is really driving the price of silver right now? >> a couple of different place right now. we are having a big balance off of $19 support. it is technically oversold, but not on absolute basis, but also relatively to gold. the gold to silver ratio is a bit higher. >> is that something the traders want? >> gold is the main focus in the precious metals market. silver is also looked at relative to gold so it is extremely important. obviously it is not central banks, it is industrial demand. looked at as an safe haven, a currency play. silver is very industrial. it
Bloomberg
Apr 8, 2015 8:00am EDT
increase in china. a luxury maker sold more than 183,000 vehicles last month worldwide. a strike is slowing down travelers in france. some traffic and troller's are not showing up for work. they are on strike over retirement ages and other issues. air france says most of its long-haul flights will take off as scheduled. if french air controllers go on strike, that could foul up travel for all of europe since almost every flight has to fly over french airspace. coming up a full review of the new apple smart watch. a look at what automakers are moving from the motor city to the big apple. a developing story on the west coast, california's drought has entered its fourth year. residents produced water use by the lowest amount since tracking began. since the state's governor issued an executive order seeking a mandatory 25% cut in water usage, it's farmers who been blamed for excess water use. many are now struggling to stay afloat. reporter: joe dell busty -- >> you can see the tops of the trucks. reporter: success has stemmed from a particular kind of nuts. >>const -- demand from and's
Bloomberg
Jan 29, 2015 8:00am EST
bloomberg top company news. the best-selling smartphone in china is not chinese. it is the apple iphone. tied with samsung for global leadership of smart phone sales. both have 20% of the market in china. quarterly earnings past -- matched estimates at viacom. growth in advertising slowdown. jetblue's fourth-quarter earnings beat estimates and airlines have been flying high because of cheaper fuel and rising demand for travel. back on ali baba, shares sliding in the free market -- premarket after the comely missed estimates. dropping over 5% as revenue missed estimates and they spent more on developing apps. things are heating up inside the e-commerce company. employee perks include free food housing, even getting married. >> when you enter ali baba's headquarters, is a lot like stepping into any tech campus in silicon valley. there a starbucks to fuel all nighters, look at classes -- yoga classes and three cafeterias. the perks don't stop there. alibaba takes it one step further, helping employees find love, marriage and even starting families. it may look like any other tech company,
Bloomberg
Sep 22, 2014 8:00am EDT
and is profitable. how do you account for the china factor and the risk taking with the chinese government? >> china is the risk and the reward. the risk being the unique governance structure. y in ahey regulate alipa more strict fashion. it also rewards, the entire growth is driven by the chinese consumer. that is the trade-off. >> where do you see the stock going? >> i think it should continue to do well. right now is in the middle of the evaluation range. it should do well, i would expect there -- the stock to be vetted over the next few weeks. i expect some bad news to come out to challenge volume numbers and business practices. a lot of things will come out but at the end of the day growth is what will matter. >> tremendous growth and tremendous margins which in some way separates it from other e-commerce companies out there. amazon being one. if you had to pick between amazon and alibaba, is alibaba going to win? it seems like is superior to amazon in almost every way. it is growing faster has a longer runway and has a more profitable as this model. timenly company with th
Bloomberg
Feb 6, 2015 8:00am EST
stocks, while down slightly, are up almost 13% this week. the biggest rally since june of 2012. china is suspected in a hacking of anthem, the united states second largest health insurer. investigators are looking at evidence that points to a group of state-sponsored chinese hackers. the security breach exposed the private data, including social security numbers of 80 million people. a board of petrol grass, results state run oil giant is meeting to elect a new executive team. the ceo and five other senior positions reside earlier this week in the wake of a corruption scandal. this morning some; brazilian news outlets are reporting that talk of a brazil's ceo is top in the line for the job. we will have another update at 45 past the hour. as we await the jobs report, i want to focus on an industry that is hiring and raising wages the automotive industry. ford added is adding 1550 more workers to help build the new f1 50 pickup trucks. hundreds of hourly workers will get a 48% pay increase. moving them from an entry-level or second-tier pay trek to a high one -- paycheck to a higher on
Bloomberg
Mar 24, 2014 8:00am EDT
richelle obama and -- michelle obama and steve schwarzman in china. what brought them both there? stay "in the loop." ♪ >> millionaire warren buffett is off the hook thanks to the march madness upsets. he awarded $1 billion to anyone -- a lot of those brackets were taking care of, and the final three perfect entries blew up friday night when memphis beat george washington. that is brad bender, who may have had the nation's best racket. he had picked the -- best bracket. his bracket got upset when dayton beat syracuse. enter buffett's billion dollar challenge. "and that is the closest i have ever not come to winning $1 billion." 56 minutes after the hour. we take a quick look at futures here, which are indicating we will see these markets open the week in the green. -- aboveread on average growth for the month. in about an hour we will get more economic data when u.s. manufacturing stats are released. we will be back on the markets for you in 30 minutes. coming up, as the senate begins to round up $1 billion in aid for ukraine, a political battle looks to be shaping up. we will
Bloomberg
Mar 24, 2015 8:00am EDT
. based on apple watch an iphone's growth in china, imagine a $1 trillion company. john: i have my doubts about the watch. let's see, but the rollout made me miss steve jobs, not only for the theatrics of the rollout, but the product. you know he would have done something with that to make it that are and magical. and he is not here to do that. we will see whether anybody feels they cannot live without that watch. i do not think that watch even looks as good as the android watches. olivia: this is really the first entirely tim cook product. analysts said it is not about how well the watch does. it is all about china. the business is up 70% in the last quarter in china. betty: number two is george soros, talk about a wet blanket pair the investor said the chances of greece leaving the euro are 50-50. the country could "go down the drain." he spoke more about it with francine the clock. george: the euro, if it pushes greece out of the euro, it would hurt itself. betty: is george soros telling us greece is a big short? john: the answer to the greece issue is staring us in the face. mi
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