♪ evening in00 in the new york city. i'm rishaad salamat with the latest first word news. china's economy is finishing the with signs of faltering after three quarters of 7% growth. climbed.metal prices earnings on the way up to $111 billion. a chinese economic group picked up to 7% last month. a surgeon trading volume on the yuan.e you on -- jan -- to the $4imbing billion in december as of monday. the jan -- yuan -- is unemployment rate unexpectedly rising the first times in three months. meanwhile, inflation dropping more than anticipated to success of 1%. the boj has said japan will take in deflationrward in 2017. to sheila having an absolute nightmare this session. dipped down about 12% in tokyo, the lowest in a month. as its u.s.ss nuclear business and businesses like westinghouse. that is of course it's subsidiary. nikkei thing is about $850 million. nhk exciting $4.3 billion. -- expecting $4.3 million. have quitlawmakers the ruling party since voting for her impeachment. the force was surely with disney over the holiday weekend. rogue one, a star wars story comic collected

. china's economy showed signs of stability even as growth sometimes seemed to sputter. >> i think we have a hard landing in the stock market already. >> the old economy drivers are back in action. it is the new drivers that are stalling. angie: japan's leaders went back to the stimulus well again and again with mixed results. >> we have to continue our accommodative monetary policy. >> i think japan has become this sort of test tube for the rest of the world. angie: it was an eventful year for many asian companies, from smashing successes to corporate crises. >> this is a huge deal. >> it is a combination of one debacle after another. angie: and asia made its mark on global markets as economists reckoned with the region's ups and downs. >> when the leaders say we want 6% growth, they get 6% growth. >> you can't have your balance sheets grow faster. angie: join us for a look at the best of 2016 straight ahead on "bloomberg best." ♪ angie: hello, i'm angie lau. welcome to a special edition of "bloomberg best". on this program, we will have the most important business news, analysis,

secretaries of state henry kissinger and madeleine albright. the national committee on u.s.-china relations hosted the meeting. it is about 90 minutes. bob. >> alliance steve from uh >> i am the president of the committee and i am pleased to welcome you. the 50th anniversary of the -chinaal committee of u.s. relations. we have been educating americans about chinese and chinese about american for 50 years. from ping-pong diplomacy until today we have sought to strengthen the bilateral relationship by fostering changes -- exchanges and informed discussion. this year we have gathered secretaries of defense, secretaries of commerce, and u.s. trade representatives as well as national security advisers. gather u.s.e will secretary treasuries, pay, commanders, and we will hold a inilar program like tonight china where i will interview chinese leaders, many of whom are alumni of our programs. , it is am truly honored one of the great honors of my life, to be joined by two former secretaries of state. legends.living for what they accomplished during their tenure's. dr. kissinger was nation

♪ >> u.s.-china relations aree stranded by a captured drone, john mccain warns of stolen secrets as donald trump says beijing could keep the thing. >> policies for the year ahead, property bubble and corporate borrowing high on the list. rise of the robots. automated solutions to japan's shrinking population. >> hollywood star with a local director proves the right mix. the great wall is a blockbuster hit in china. >> this is daybreak asia from bloomberg. i am ramy inocencio. 7:00 int is just after mourning, i am he's on man. -- man. lots to look out for this week after the fed as well as the boe . we are focusing on the boj with the two-day policy starting today. following this political storm over the weekend with the china seizure of a u.s. naval drone. ramy: we saw that lock on effect in on u.s. markets, all falling on friday. the dow pulling away from the 20,000 mark. gold also breaking three days of 0.6%.to rise higher there is skepticism over the truck rally if it is something -- trump rally is something you can buy into further. yvonne: and with the markets in wall street hi

there was an expressway to cause a diplomatic war with china this would be the way to do it. >> president obama is fully aware of these issues on an ongoing basis because he's on the other end of the phone. >> united states does not recognize taiwan as a country. >> the chinese will see this as their sovereignty. ♪ >>> good morning. and welcome to saturday. we're always so grateful for your company. i'm christi paul. >> hey, i'm martin savidge. i'm excited to be here. i'm in for victor. it's great to be with you. president-elect trump shaking it up in washington. what do you know, it appears he's doing just that before stepping into office. >> uh-huh. yesterday, he chatted on the phone with the president of taiwan, breaking with nearly 40 years of u.s. diplomatic relations with china. overnight, china is calling this, quote, a shenanigan, quote, staged by taiwan. they went on to talk about the close and political and economic security ties that exist between taiwan and the u.s. that's according to the statement there. >> but no president or president-elect, for that matter

china could be undermined by this issue flaring up. >> i don't want to undermine that progress, but someone here asked where was the outrage when our current president spoke with cuba's raul castro and when he reportedly spoke in secret with iran's leader rouhani. i'm david asman, welcome to "forbes on fox." let's go in focus to steve out mike ozanian, john tamny and others. steve, i can't help but hear all the progress we made with china, what about the progress with the south china sea business, with trades, et cetera. i don't think it was bad, do you? >> no, and in fact it was a brilliant move by the way liberals love to deal with our enemies that's why they say it's bad to be a enemy of the u.s., worse to be an eye lie of the u.s. in this case what trump did was absolutely fabulous, he made it clear we're going to defend our interests in the south china sea, cyber security, barring our companies from having full selling rights in china especially if they're cutting edge and appoints terry branstad the new ambassador to client who knows president xi of china. in effect what trump

civil war ended in china. and for that civil war, the communist side won. it was a terrible war and a messy ending. what we ended up with was china run ruthlessly by the communists under chairman mao. and here at home for 30 years after that, we refuse to recognize that communist government as the government of china. for decades we had no diplomatic relations with china. we basically acted like the other side won the war. they are known as taiwan. we decided that is what we would call china. we basically pretended that the whole giant land mass of china over there, the big part in the center, we decided for diplomatic purposes, the whole major main part of china, we decided they had no government. because we would not recognize the communist party as the government of china. in some ways i'm over simplifying this, i know. in some ways i'm not. we wouldn't recognize that the capital of china was in beijing. for 30 years after the communists won that civil war and were running china, we said looking at that map, as far as we were concerned, beijing wasn't the capital, as far as we were

twitter to criticize china after backlash over his phone call with taiwan's president. the president-elect tweeted that aging did not ask the u.s. for permission to devalue its currency or build up its military presence in the south china sea. broke years of diplomatic protocol by speaking with tsai ing-wen. hsbc to raise hiring in the pearl delta. hsbc launches a credit card business and china on monday. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. haidi: thank you for that. the a tying prime minister matteo renzi a it set to resign after losing his referendum on constitutional reform. falling to its lowest level since 2015. bring inright, let's our rome bureau chief. what happened here? it was meant to be on a knife edge, but the no campaign seem to have convinced it time electorate? >> that's right. people were frustrated. there are a lot of issues in italy, part read this global ,ovement for change, populism partly issues in italy, unemployment, frustration, the economy is not growing, and matteo renz

. >> i always hate that i have to have my ties made in china. we can't continue to allow china to rape our country. china is ripping us off. they're taking our jobs. we want deal! china, china, china! >> trevor: chyyyna! ( laughter ) quick question, how are you going to fight a country when you can't even pronounce their name? chyyyna. chyyyna. sounds like a toddler who just learned the name of her private parts. chyyyna! chyyyna! chyyyna! that's where my ties come from! ( talking like a baby ) and, by the way, why do donald trump's suits fit so poorly? i don't understand why they fit like this. they're made for you and by you! why would they fit so badly? i wouldn't be so shocked his suits fit like that because he exaggerates his measurements to his tailors. no, my arm's this long! ( laughter ) since the '80s, trump has been itching to pick a fight with chyyyna. even though it's 44 days till he officially takes office he's already started (bleep). >> in an unprecedented move mr. trump took a call from taiwan's president, breaking tradition. >> calling it a blunder. >> phone call touch

kissinger and madeleine albright talked about what they expect in u.s. china relations under the trump administration will stop the discussion was hosted by the national committee on u.s. china relations. it is about an hour and a half. >> i am the president of the committee, and it is a pleasure to welcome you all to the fourth leaders speak, which is the 50th anniversary of the national committee of u.s.-china relations. for 50 years we have been , educating americans about chinese about america. from ping-pong diplomacy until today we have sought to , strengthen the bilateral fosteringip by exchanges and informed discussion. this year we have gathered , secretaries of defense, secretaries of commerce, and u.s. trade representatives as well as national security advisers. next year, we will gather u.s. secretary treasuries, pay, commanders, and we will hold a similar program like tonight in china, where i will interview chinese leaders, many of whom are alumni of our programs. today, i am truly honored. it is one of the great honors of my life, to be joined by two former secretaries o

air force and marine corps. we see all kinds of dangers from north korea, russia, china, everyone is modernizing the military. withstand the risk of being caught unprepared. bob on the republican line, good morning. thank you for your service and all of our military men and women. i want to know what you think , and i feel he is tricking us like slowly destroying us and away to make us so weak that it have to concede to other countries. do, i do notey understand how is -- how it is in our interests. to the lady yesterday, you are quick to point out republic in to prove people wrong. but anyway. host: we talked about the threat of iran and here is what he had to say. >> i consider isis nothing more .han for rent to continue it is iran. that is more than just there is a sense in the u.s. and in what u.s. is doing where congress was pretty much absent. taking steps to demonstrate that saying here is where we stand, they have not increased the intelligence budget, something that is necessary for us to do and we have not seen any authorization for the use of military force against isis, w

>> strategic composure. china's leaders stay silent over a u.s. drone dispute as china trump's and experience could lead to confrontation. losses on the rattled relations. says it is dudley time to start growing as it strikes at $2.2 billion deal with abu dhabi. through soworked many difficulties in the u.s. that i think the company is now well positioned for growth towards the end of the decade. anna: brexit warning. scotland's first minister warns the country will hold a new independent referendum unless it can stay in the single market and thomas is detailed proposals of this week -- and promises detailed proposals this week. a very warm welcome, everybody ," "bloomberg daybreak: europe our flagship daybreak show. i'm anna edwards. manus: i'm manus cranny. we have the dollar as long as long can be in the white line. this morning, the dollar dips ever so slightly. has it hit a speed bump? it is set to be given back. the stock market is careening ahead. the dollar this morning seems that little bit unsettled. these are the white line you have got, the long positions in the dollar

♪ from our studios in new york city, this is charlie rose. --rlie: we begin with china donald trump's unprecedented call what the taiwanese president has put u.s.-china relations into sharp focus. it was the first time since 1979 american and taiwanese leaders have spoken in a break from diplomatic practices. trump said it was a routine congratulatory call, but on sunday night, he criticized china's military and economic policies in a series of tweets. in china, and editorial warned the united states risked a confrontation with beijing. meanwhile, the obama administration says national security official spoke with their counterparts to make sure of u.s. commitment to the one china policy. joining me now is ian bremmer, president of the eurasia group and richard haass president of the council on foreign relations. his forthcoming book is called "guess what: a world in disarray." i'm pleased to have both of you here. how serious is this? how did it happen? how will it play itself out? richard: it is pretty serious in the sense that the call broke ground, unfortunate ground that

false accusations were denouncedenounced. >>> just a short time ago, we got reaction from china to the provocative tweet storm from donald trump. two days after the phone call up ending decades of diplomacy in china. trump tweeted this, did china ask us if it was okay to devalue their currency making it hard for our companies to compete? l heavily tax our products going into their country or build a massive military complex in the south china sea? i don't think so. joining us from beijing is ye alexandra field. are you getting any indication there could be retaliation down the line? >> reporter: we don't know what president-elect trump intended to illicit in taking on beijing on the twitter account. the spokesperson for the ministry of foreign affairs says china won't speculate what motivated his actions or transition team's actions. the tweets did not trigger an immediate response from officials here in beijing. they discussed the matters when asked during the briefing held by the foreign affairs. they feel the importance of upholding the bilateral relationship with the u.s. and c

more injured. i'm babita sharma in london. living under a cloud — the millions in north east china facing extreme air pollution. the world health organisation has an annual recommended target of 10, and here, according to our little egg, right now it's over 400. out of the stratosphere — and into history: we talk to the man who made a 15—minute freefall to earth. live from your studios in singapore and london. this is bbc world news. it's newsday. it's 9am in singapore, 1am in london and 2am in berlin where investigators say they won't rest until those behind the truck attack on a christmas market are caught. earlier, police released a pakistani asylum seeker who was arrested shortly after the attack, saying there was insufficient evidence against him. 12 people were killed and nearly 50 others injured. the islamic state group said one of its militants had carried out the attack. here's our berlin correspondent jenny hill with the latest. first light this morning and the sheer violence of this attack dawns. the lorry crashed through the christmas crowds here, shattering everyth

. generations we have then educating americans about china with the bilateral relationship to author the exchange's and informed discussion with the trade representative's as well as national security advisor and to have a similar program like we did where we will interview chinese leaders many are alumni of the program. for the former secretary of state also national security adviser and with the foreign ministry shin and instrumental from of the reestablishment of relations with china. he spent 45 years with that important bilateral relationship and we appreciate you being here because we know you have to be slightly jet lag after that. also recently we hope to hear more about that trump tower. we have been fortunate to have user from the board of directors for more than 12 years. today is the 20th anniversary of secretary albright nomination to be secretary of state under president clinton. [applause] having served four years as u.s. ambassador to the u.n. u.n., she became the first woman to serve as secretary of state and at that time the highest-ranking woman ever in the united

candidate jon huntsman, who also happens to be a former ambassador. trump's latest twitter target, china. the president-elect now facing heat for unleashing an online tirade and breaking with decades of international protocol. cnn's jessica schneider outside of trump tower with more. good morning. >> reporter: good morning, carol. like you said, first came that controversial phone call with taiwan. then came that series of tweets from donald trump over the weekend where he slammed china, accusing of manipulating currency, a claim he made repeatedly throughout his campaign, and also criticizing china's military action in the south china sea. first, chinese officials were left scrambling trying to get some sort of clarification as to that phone call that happened on friday. then they were left to react to donald trump's tweets over the weekend. a spokesman for the foreign ministry of china does say that china refuses to speculate about donald trump's actions and then going on to say that they believe the policies between the u.s. and china that have lasted for nearly four decades need to b

? your boy, vlad putin, and going to china, donald trump says he is not sure we have to go along that countries feelings about taiwan. >> first on the monday afternoon, the stunning conclusion from all 17 u.s. national intelligence agency. all of them in lock step, that the russian government did intervene in the u.s. presidential election and is now bringing bipartisan action. the top republican in the united states senate, republican, mind you, says it will investigate whether russian hackers tried to help donald trump win the election. senate majority leader mitch mcconnell says moscow's meddling cannot be a partisan issue. the hacking and invasion of crimearch on saying to nato, come together to prove moscow is try to undermine america. >> let me just speak for myself. the russians are not our friends. i think we ought to approach all of these issues on the assumption that the russians do not wish us well. >> this comes after two of donald trump's biggest republican critics, john mccain and lindsey graham, joined chuck schumer and jack reed in calling to a bipartisan investigation

broader applications and how is p china responding? >> general mad dog mattis. will his style clash with president trump? young, in love and radicalized. a cnn exclusive interview with a young man after in prison with his brush with love and her connection to isis. >> how did this happen? >> where do you want me to start? >> how a fair of college sweethearts were recruited by isis. that is all ahead. you are live in the "cnn newsroom." , or fill a big order or expand your office and take on whatever comes next. find out how american express cards and services can help prepare you for growth at open.com. find out how american express cards and services imy moderate to severeng crohn's disease. i didn't think there was anything else to talk about. but then i realized there was. so, i finally broke the silence with my doctor about what i was experiencing. he said humira is for people like me who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief. and many

war between the us and china? welcome to world business report. if you are tuning in for the first time, stay where you are. i know it is early in britain. we have nine minutes and here is a fascinating snapshot of all the latest in the world of business and money. who put that on the autocue? we are going to start in italy. we have been following this for weeks now. the deepening banking crisis, because in the last few hours, one of the country's biggest banks says it will request a government bailout. we are talking about monte dei paschi di siena. its boss has been flying around the world, desperately trying to raise money from investors to keep it afloat. but late on thursday the bank admitted it had failed. itjust couldn't find enough takers. after a late—night meeting, the italian cabinet has passed a decree creating a bailout fund. let's give you some of the background to this. monte dei paschi is not only italy's oldest bank, it is the world's oldest. it was founded in 1472, and became one of the country's most powerful financial institutions. fast—forward 5.5 centuries

, citing his ties to the russian president. >>> nuclear warning. rising tension as china has an unprecedented show of force. could it explode into a military conflict. >>> about face on obama. trump says he's not going to wipe out the 44 president's legacy. tonight, the praise of the man he once bashed during the campaign. we want to welcome our viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> tonight, president-elect donald trump is escalating his dispute with the u.s. intelligence community, rejecting findings that russia tried to help him win the white house as ridiculous. the trump camp now suggesting that intel about russian hacking is part of a partisan conspiracy to delegitimize his presidency. there's a bipartisan push right now to further investigate claims that moscow tried to influence the u.s. presidential election. senate majority leader mitch mcconnell says he backs the idea of a congressional investigation. the clinton camp also weighing in. former campaign chairman john podesta is supporting calls for member

. diplomacy norms. china is filing a formal complaint with the u.s. as president elect donald trump accepted a call from the taiwanese president. this marks the first publicly reported call with a leader of taiwan since 1979. the u.s. does not formally recognize taiwan as an independent state. and backs beijing's claim that taiwan is a part of china. but chinese officials fear this phone call may have signaled otherwise. trump is downplaying that call. and as having any further implications tweeting this, quote, the president of taiwan called me today to wish me congratulations on winning the presidency. thank you. meanwhile, trump's senior advisor kellyanne conway says this was no different than other previous phone calls between president and world leaders. >> this president elect, i'm pretty certain that president elect obama spoke to world leaders in preparation for taking over as president of the united states and commander in chief. i can't imagine he was asked if he had been properly and fully briefed considering he had little experience himself. >> this is a break with u.s. policy. thi

than 40 years of u.s. gloam 34 diplomatic relations with china. the president offered her congratulations and then they went on to, quote, talk about the close security ties that exist between taiwan and the u.s. >> but no president or president-elect for that matter has spoken directly with the leader of taiwan since 1979. since then, america has adhered to the one china policy where they asked taiwan part of china. ash carter recently called the region consequential. our team of reporter standing by for the latest on this. let's begin with cnn's jessica schneider live at trump tower in new york. good morning to you, jessica. >> good morning to you, martin. yes, it is the phone call that has bucked nearly 40 years of protocol. president-elect trump insisting that ten-minute call was initiated by the president of taiwan. but nevertheless, the backlash is already apparent. china reached out to the white house yesterday. and now a spokesman for the chinese forge ministry is releasing a statement saying i must point out that there is only one china in the world and taiwan is

new zealand, bill english must face the voters. donald trump says the one china policy should be tied to trade. prices, this historic deal to cut output. oil jumping over 4%. jumping to the highest since july 2015. saudi arabia signaling it is ready to cut output more than agreed, while a non-opec countries including russia agreeing to pump less. sophie: we will have more about that deal in a bit, 30 minutes away from the open in china and hong kong. singapore, taiwan, and malaysia coming online. what is going on in the oil patch? game inhere is only one town, and it is demolishing every other safe haven. gold retreating, bonds falling, all on the account of renewed risk appetite after the meeting between opec and non-opec members. saudi arabia's surprising the markets, saying it is willing to cut more than pledged. russia and other non-cartel members coming on board as well. stocks, oil energy stocks leading the gains. energy-heavy markets like a straight up, the nikkei 225 getting that double boost, oil majors leading gains, but the impact of a weaker yen, pushing that 116 hand

and then donald trump tweets on china. it's called disruption. >> it is. we have bill neely coming up. we'll start with who we have on set. managing editor of bloomberg politics mark halperin. msnbc analyst and professor at the university of michigan public school of policy harold ford jr. >> secretary of what? secretary in waiting. >> we didn't make it. >> did that happen? >> i'm disappointed. >> as you saw, we have the president on the council of foreign relations richard haass. >> we have cabinet members in waiting. >> author of the forthcoming book, "a word in disarray." >> what's remarkable is i gave this to my kids this summer. jack. summer reading. what's remarkable is it was written post-brexit and predicted everything that is happening right now pretty remarkably. it is a world in disarray. >> also with us from outside boston, columnist and associate editor for "the washington post," david ignatius joins us this morning. great morning to have everybody on here. >> david, we're sorry we were -- we wanted to get you on because we thought there might be something to talk about i

francine: china's capital crunch. liquidity fears in the world's second-largest economy. is china the biggest 2017 risk? on hold after a turbulent year, european markets draw breath ahead of 2017. stocks are little changed. commodity producers climb. gold shakes off its trump slunk. crude trades near a 17-month high ahead of planned opec cuts in january. good morning. this is "bloomberg surveillance." i am francine lacqua in london. we have a great show. joining me today for the first half of the show is a ubs wealth manager. we look ahead to 2017. where will market opportunities lie? then joining us with discussion -- hina is jonathan fendi fenby. here is sebastian salek. seb: russian investigators are studying flight data records of the plane that crashed into the black sea on sunday. all 92 people on board were killed, including members of a wire. disappeared from radar shortly after taking off from sochi. it had refueled on a flight from moscow to a military base in syria. the recovery of the victims' remains is continuing. toshiba has fallen after forecasting a loss in the bi

unequivocally that this was not china, that it wasn't a 400 pound guy sitting on his bed as donald trump says and do these types of tweets and statements from donald trump embolden the russians? obama: when the report comes out, before i leave office, that will have drawn together all of the threats so i don't want to step on their of time.k ahead what i can tell you is that the intelligence that i have seen gives me great confidence in their assessment that the russians carry out this act. dnc and the hack of john podesta. but again i think this is exactly what i want the report out so that everybody can review it. this has been briefed and the evidence in the closed session has been provided on a bipartisan basis. not just to me. it has been provided to the leaders of the house and the senate and the chairman and ranking members. the thing that your party scene is that the people who are city evidence don't dispute the basic assessment that the russians carry this out. i think what i want to make sure i give the intelligence community a chance together all the information. -- two gather all

neutral, china's leaders say they will work harder to rein in risk next year. could sees deficit the loss of its aaa rating. politicians are worried, economists less so. the malcolm turnbull administration could become the first government to lose it is coveted aaa rating. we are having a look at this. why is australia under threat? sophie: the health of its fiscal position. the administration has been grappling with political deadlock, but given the slowdown in growth, we are expecting this impact on the budget. slightly seeing a toward deficit at 36.5 billion australian dollars. seems they are anticipating the surplus will still be in place by 2021. in may, scott morrison did anticipate that was when the books would be balanced. there with some caution ahead of this update. we had the finance minister tell was merely a that projection, but not government policy. thead the gdp forecast for -- 2%,17 year at 2.5% sorry, lower than the 2.5% estimated. ,ishaad: this deficit narrowed still predicting a surplus. sap may not be downgrading, but if they do, what happens? sophie: if they were to

, they have no idea if it's russia or china or somebody. it could be somebody sitting in a bed someplace. they have no idea. >> at least he didn't say a 400 pound guy sitting in a bed. also coming under friendly fire before his nomination made official. the head of exxonmobil scrutinized over his ties to russia and a seemingly close relationship with vladimir putin. some gop senators suggesting they're a no for confirmation. >> it's not like vladimir putin and rex tillerson are pounding down vodka, they're not close friends but anybody in president trump's cabinet, particularly the secretary of state, the fourth highest ranking person in our government, that person will be advancing the interests of the u.s. everywhere. >> not like they're pounding back vodka at the nearest bar. national correspondent peter alexander is covering the trump transition. how deep are the rifts within the inner circle for and against rex tillerson? >> save the pounding back vodka for the rest of us. donald trump was filled with praise in terms of comments about rex tillerson, both on twitter part of

. >>> and on the attack. donald trump launches a fresh twitter assault on china just days after a diplomatic breach on taiwan. >>> welcome to our viewers in the united states and around the world. i'm cyril vanier. >> i'm rosemary church. this is "cnn newsroom." >>> populism has been on the rise in european politics and its supporters are declaring victory in italy. prime minister mateo renzi was on the losing end, and he is preparing to leave office now. >> the populism movement suffered a setback in austria. voters rejected a far-right candidate electing a pro-eu veteran instead. >>> let's start in italy with the prime minister's position up for grabs. the country is at a political crossroads. mateo renzi says he will formally resign in the coming hours. >> he promised he would step down if he lost this weekend's constitutional referendum which he did, and by a wide margin. however, renzi seemed gracious in defeat. >> translator: i would like to thank my colleagues for this extraordinary adventure. together and the president of the republic will have a meeting with me, and i wil

fragile peace agreement in ukraine. in china it is a national red alert brought on by a choking smog. cities are limiting the number of cars on roads and temporarily shutting down factories to reduce pollution. than 700ia say more companies in beijing stop production and traffic police are restricting drivers. thejail confidant of embattled south korean president denied on the first day of her trial that she used her ties to extort money from big companies. today was the first public for herce in weeks friend of 40 years. the scandal led to the president's impeachment after millions to the streets in protest. parenti. this is bloomberg. investors continue to assess the trump rally that has lifted stocks to record levels. joining us now is jonathan ttlieb.n -- goblet -- among the highest forecast going into the year and that has proven to be accurate. do you think this is going to continue to 2017? i was bullish last year and we have surpassed my target and we have a 2500 target to the end from here.st 10% up the way you play it within the nowet is really different than a year ago. cy

universally available. almost any country can get hold of this technology and as the admiral suggests, china is perhaps the most powerful use of this in universally available technology for military purposes. other countries are doing the same thing, perhaps on a different scale including itron ran, northkorea -- i r korea. to find a constructive way in which we can defeat these ofhnologies along the lines the remarks that the admiral mentioned. this shows an effort to do so. sure i havem not much interesting to say after admiral coda and dr. schneider. let me give you my twist on the issue. first, i think the third offset strategy is as dr. schneider term but term but at the core what we are talking about is strategy. and we all know the basic definition of strategy -- how you employees limited means to achieve the ends that you seek. but if you dig a little deeper, you see that strategy is also core, identifying, developing, and exploiting advantages against your adversary while at the same time recognizing those advantages that you have that are becoming what was called in the early wasti

>> rose: welcome to the program. tonight a conversation about the united states and china. and the phone call between president-elect donald trump and the leader of tie want. we talk to ian bremmer and richard haass. >> the entire world, the beginning question of every meeting hi in china is what is the new administration going to do everyone is trying to read our tea leaves, they are as confused as we american are to what to expect. the secretary thing the chinese said they want a good relationship with the united states. they want they want a stable region and world so they can continue to grow economically. they're not looking for fights. they would like to work things out with this administration obviously on terms that they find acceptable. >> rose: and we talk about the italian referendum and the rise of pop lism in europe with ivo daalder. >> what matter is people want to say enough is enough. this is not working. we don't like anybody, frankly, who is in power. and they will vote against anybody who is in power. so when the populists get in there in a year or two, they too

now is interesting because he's a former u.s. embassador to china and over the weekend president-elect trump targeted china over currency manipulation. did china ask us if it was okay to devalue currency making it harder for our companies to compete, heavily tax our product going into the country, the u.s. doesn't tax them or build massive military complex in the middle of the south china? i don't think so. other big headline dr. ben carson accepting knock nation to be the next hud secretary. ben shares my optimism about the future of our country and part of ensuring that this is a president representing all of america. he's a tough competitor and never gives up. there are some democrats coming forward who say that skeptical that a neurosurgeon knows about inner cities to take job of housing and urban development secretary. the house minority secretary came up, there's no evidence that dr. carson bring it is necessary credentials to hold the position with immense responsibilities and impact on families and communities across america. and as cabinet discussions continue at trump tower b

around the world. coming up: stand—off in the skies above the south china sea. rupert wingfield—hayes flies over one of the most contested areas in the world, incurring the wrath of the chinese. you can't make no mistakes. it will cost you your life. ian pannell reports from barack obama's former hometown and finds gun crime is out of control. and battle of the sexes. the bbc went to extraordinary lengths this year to get a rare glimpse of china's determined expansion in the south china sea, one of the most contested areas anywhere in the world. beijing is building huge artificial islands on the spratly island chain, which the americans and others insist are illegal. the area is difficult to get to, but rupert wingfield—hayes flew in a small civilian aircraft into china's self—declared security zone 200 kilometres off the coast of the philippines. this is what he found. it's just before dawn on the philippine island of palawan. even at this hour it's hot, but there's no sign here of the trouble brewing a few hundred miles out to sea. i'm about to take off on a trip the chi

deterrence challenges. we are speaking today chiefly about china and russia but there is also a rand, north korea -- -iran, north korea. it seems that diversity requires also a diversity of the turns approaches. one deterrence approach is unlikely to fit all. one way i look forward to discussing together in which the current environment is especially challenging, it seems , is that china and russia are, of course, different countries with different governments, different institutions, different histories, different things that motivate them, different vulnerabilities. it would seem that requires the united states to tailor its eterrence approaches, and with deterrence approaches, and with a particular focus on the different individuals who lead these systems, the split systems. to speak about capabilities alone talking about determinants would run the risk of missing the personal and psychological aspects are just as different individuals are motivated differently in affairs of the heart, or art, they are also motivated differently in perceptions of risk, national interest. it seems

, imposing imports,n chinese execute and imports, and perhaps other imports and declare china currency manipulator if it does not change trade practices. a lot on his plate and what this he plan on making number one? what will happen in the first days? guest: he said he would like to scrap certain deals on day one. it is unclear if he will pull through with that. some advisors when they speak on his behalf, it has been different on how they approach things. steel by doingr and chief executive officer of nucor industry company. he would say a few months ago defensive terrorists, when he called them, would be the first step to put trading pressure on china and mexico. now we hear the top advisor talk about how president-elect wants to start with terrorists -- tarriffs. it remains to be seen what order and how they will play out. we are in uncharted waters. host: we talked about nafta this morning. trump -- ken donald trump leave nafta and how would that work? guest: when we talk about things that have not been done before, this is the subject of many debates. we do know there is a genera

. plus, how trump is defending his call with the leader of tie wind after china's big complaint. why both he and ivanka had a sit can down with al gore and how the soon to be leader of the free world can't stop tweeting. >>> first this monday afternoon, another surprise in a long list of surprises coming out of trump tower. this president-elect met with the former vice president, al gore today, on the issue of climate change. former vice president gore is a prominent activist in the fight against global warming. donald trump long called manmade climate change a hoax and something created by china, which isn't true. this meeting may be another indication that the president-elect might be willing to change his position on climate change. or it may mean nothing. gore was originally scheduled to meet with just trump's oldest daughter, ivanka, she is decided to take up the issue of global warming we're not sure what she is going to do about immigrant. by the way the "new york post" report newspaper reports ivanka drum and her husband are considering moving to washington. analysts say the

russia, how about a very real threat from china? after this. >>> today on "forbes on fox" some gop leaders suggesting delaying president-elect donald trump's tax cuts because of our growing national debt. but with a new report showing the nation's 500 biggest job creators would save $87 billion a year from trump's tax plan, the forbes gang says they should pass it on day ononononon vitte cavuto on business. >>> china is absolutely taking advantage of this country, neil, i feel it very strongly. i know many chinese people, i know many chinese businessmen, and they laugh at the stupidity of our politicians. they can't believe it. >> so what would you do if china were telling you straighten up, fly right, don't lecture us about our currency, on and on and on, what would a secretary or a president donald trump say or do? >> i'd tax the hell out of them. i would tax them back to china. >> all right. thank god for videotape and he was talking to me. that was donald trump more than six years ago. and it's been a consistent theme of his, as a businessman, as a politician and now as preside

. i think it's another excuse. i don't believe it. they have no idea if it is russia or china or somebody sitting in a bed some place. >> why would the cia put out the story that the russians wanted you to win? >> i'm not sure it is cia. i think the democrats put it out because they suffered one of the biggest defeats. >> the president-elect discou discounted the briefings by intelligence office. he said the briefings are repetitive. >> if something should change, immediately call me. i'm available on one minute's notice. i don't have to be told. i'm a smart person. i don't have to be told the same thing every day for the next eight areyears. >> mr. trump has taken briefin s sporadically. it is putting him at odds with senior lawmakers. a by paipartisan group of senat is asking for an investigation. let's get the latest from ryan nobles. >> reporter: this has a potential showdown in the trump administration. a by part sipartisan group of s asking for the investigation into the election meddling. >> they did hack into the campaign. were they hacking the republicans the same way? t

is what you need to know. the china-trump dance. donald trump says it can keep the u.s. drone, and maybe the u.s. will keep the one china policy after all. fired." barclays is about to tell 7000 clients they do not do enough business with the bank to remain. big oil on the march. bp does a $2.2 billion deal with abu dhabi, giving the emirates one of theompany in longest -- one of the largest onshore oil concessions. we will focus on the increasingly kabul relationship between the trump administration and china. joining us -- increasingly complicated relationship between the trump administration and china. john, let's start with you about what is going on over the weekend about this drone. how did china sees this drone that how did china -- how did drone, and whys did it think it had the right to? john: china said it was in the way during shipping lanes. whether or not the u.s. and other countries believe that, that is what china's going with right now. they have also said -- mr. trump said in his tweet that the chinese stole the drone, and the chinese foreign ministry came out and

him about the sensitivities involved. clearly this is will cause a diplomatic uproar with china. we don't really know whether this was a message that he was sending to china, or just as he said in his tweets, taking a con dprat la tory phone call. that's what he said in the readout. a congratulatory phone call. they talked about strengthening that relationship. but it doesn't matter really what they talked about. the fact that they had this call really is the message here. >> choin a's contacting now the white house in reaction to this call. do we know much about that? >> we don't know that much about that. you can imagine what they're saying. they're like, what is this about? does this mean that president-elect trump is going to up-end the one china policy? which this is 1979 for four decades. the fact is, they can't really say anything. the president obama's administration doesn't know about what president-elect trump is going to do. there's been a lot of uncertainty created. he's sent mixed messages, talked about being tough on china, making them a currency manipulator. but he ha

-hairs? ambassador, we kick it off with you. >> first of all, the question is, is china a currency manipulator, have they been engaging in unfair trade, practicing for a long time. all arguments on both sides of the ledger. and no question that china has been accused and convicted of dumping steel, of dumping a lot of natural resources, dumping a lot of products. when you look at the currency, the chinese yuan, they're not manipulating the currency. and chinese currency has outperformed a number of core trading partners of ours, relative to the dollar. i don't think they should be called a currency manipulator. and, in fact, they are now weathering their currency against asia and made that change last summer. that was part of the pain that took the yuan to where it is. if you want to know what the trade is here, ultimately, if i look at the chinese internet name trading in new york, reliant on the chinese consumer, and that is alibaba, ten-cent. these names getting destroyed on the concept that if a trade war really takes center stage, that these companies will suffer. i don't thin

staying with us. next we are going to talk work withopolitical china and the tensions building with our largest trade partner. ♪ joe: "what'd you miss?" donald trump accusing china of ripping off the u.s. on trade and branding the country a currency manipulator. yesterday we spoke with the global head of rates, who said that the tension between the u.s. and china is troublesome. >> this is my single biggest worry for 2009. i'm pretty bullish, but i fear that the u.s. and china could be on a collision course. still with us, joseph nye. how big of a deal do you think the fact that trump seems to be ripping up the script a bit with u.s. china relations is as a geopolitical risk going forward? it depends on how far trump goes. if he tries to use this tougher leverage on specific, smaller, achievable goals -- let's say getting some sort of restraint on dumping of steel or on better, more equal treatment of american companies, it may do some good. on the other hand, if we get into a trade war with china, tariffs and a tit-for-tat retaliation, we both lose. it depends on how far he goes.

will think well, okay. so what? >> reporter: the u.s. broke off relations in 1979 was of the one china policy. and the chinese feel they should be dealing with china when they deal with taiwan. the u.s. has been holding to that for the last 40 years. they are unofficial contacts. there is trade with taiwan. but this is something the chinese are very sensitive about. even when the u.s. and chinese officials, when taiwanese officials speak, it is under cover. nay they don't meet in public. nothing is announced. so this is sure to rile china, certainly. and obviously there is a lot of uncertainty about how donald trump is going to approach china. he's talked about tougher policy towards china. and this call kind of all fits into the fact that the chinese are very worried about what could be a very different policy under president trump. >> were the white house, the state department aware that this call was going to happen? >> not at all. and this is really fitting in with all of the calls that president elect trump has done. the state department is ready to provide, kind of, briefing pape

standoff between us and china. over them grabbing our drone. well, they've got it. what are they doing with it? now president-elect trump, he says they can keep it. what this means for the future of relations between washington and beijing. >> the china ripped a drone out of the water. president-elect trump said, this is an unpress departmented acedy inappropriate. sfx: road noise sfx: tires screeching sfx: horn honking father: you pull in front of me! daughter: daddy! we don't say words like that! ♪just let your love flow ♪like a mountain stream ♪and let your love grow ♪with the smallest of dreams ♪then let your love show ♪and you'll know what i mean >>> china has announced plans to return that u.s. navy drone that had plucked out of the water in the south china sea. beijing accusing the u.s. of quote, hyping up the incident. but president-elect trump tweeted that, we don't want the drone they stole, is hehe says. they could keep it. we are in washington with the latest on the drama. hi, garrett. >> reporter: you have two very different messages coming from the u.s.

lift, aussie oil stocks their highest in years. let's get back to our top story, strength and china, the official factory gauge the highest since july 2014, 51.7, expecting just 51. rishaad: a private survey showing growth, but below what the thinking is out there. tom mackenzie, take it away. 51.7.he official number we have been looking into the details of this number, strong new orders from the manufacturing sector. we saw that in october as well. export demand has picked up, consumers still playing a role. that is some of the breakdown we are getting. picking upe prices for the first time in four years earlier this year, so proving positive as well. inflation is helping the manufacturing sector as well. industry,in the steel and on the nonmanufacturing side, strength of their as well. the official number coming in for october at 54, and strengthened again this month back around 53.7. then, we have questions over the growth drivers when it comes to what we are seeing in the manufacturing sector. analysts saying this is further evidence of cheap credit going thate manufacturers, an