china. not so fast. hotz came back today -- to announce a plan to give away his software for free. you are giving away the software for free. and you have with you the hardware. you're giving away the plans for the hardware for free. that will turn any car into a self driving car. >> is qualified both of those statements. it supports right now select -- hondas and acuras. you still have to pay attention at all times but there are certain scenarios that you can take your hands off the wheel and not touch either pedal and the car will drive by itself. emily: ok, so, regulars were not so happy about your original plan. how do they feel about this one? >> i don't know. i have not heard from them. the regular to response i thought was very reasonable. the problem was when it came. we were not selling a product. we were not even taking preorders for a product and they were already asking me for things like a user manual under oath. easier to just cancel and pivot. emily: haven't you really just upped the ante? >> no. we are not selling a product. regulates the sale of products using the inte

strategist. signs of financial stress and china are driving up deposit rates for its risk. ds global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. crucial opec talks eating underway in the talks eating underway in the anna and we have a mixed picture. shanghai seems stronger and the yuan a bit stronger say. this is bloomberg. ♪ emily: you are watching "bloomberg technology." ireland has its youngest billionaire. focus on energy week continues. runill ask the ceo of sun it donald trump with the clean energy industry in danger. donald trump has chosen elaine chao to run the department of transportation. it will give her oversight of an industry that has seen record --ety recalls and efforts to self driving cars. >> we are at the early stages of a revolution in education technology. automobiles and real-time. we want to make them safer overtime. emily: what does the 20 twice of a lane -- what does the choice of elaine chao mean. kevin,, let's start with her -- why do you think donald trump picture -- picked her. kevin: s

calling china a currency manipulator. before that, another cabinet pick, treasury secretary, mr. trump has decided he was to go for tom price. -- steve midoc mr. trump has railed against wall street during his campaign, and here he is going back and calling on and next goldman sachs banker who has been a goldman sachs for 17 years to call him it back into his. he is 53 years old. to the from wall street west coast and silver screen, bankrolling movies including x-men and avatar. histoo much is known about interest rate view and fiscal policy view, or whether he will keep a stronger dollar going, but one interesting thing, he donated to both hillary clinton as well as barack obama in the past, but then flipped and decided to support mitt romney in 2012 and donald trump. announcingave trump a cabinet minister? , she was theo department of labor secretary under the administration of george w. bush, and now she is potentially set to come back into republican-controlled white house administration. we are looking at her potentially being confirmed. you are seeing pictures of her with

with all the pay. a partnership with a company in china. you're now in cuba as a result of the white house relationship. we now have a president-elect to our tradents to curb relationship with china, particularly end the relationship with cuba. are you concerned at all about straight -- stripe's business? earlier this year when the president was making his trip to cuba, he reached out to stripe in particular to invite us down there. they were asking for stripe to be there because of our atlas product. stripe will always give out economic inclusion. we are about creating technologies to create a more economic world. i am not the expert to talk about policy or macro conditions, but there is strong indication the new administration is quite pro-business. stroking theand economy in general is a priority, so we are aligned in that light. emily: so is it something you are watching, following? by companies.est guest: it's something we will talk about in a few weeks. emily: international expansion, where next? guest: we are now in 25 countries. there are 171 countries we are not in yet. some

goals. still seeing good movement in china. the nikkei is being impacted by marianne. heidi: thank you. to recap, the south korean prison was directing the nation and sent to resign. again, apologizing. want to come. this is bloomberg. emily: turning to samsung, still reeling after the note 7 battery crisis that will cost the company over $6 billion. the company has seen two raids on its offices as part of a scandal involving the president. our managing editor joining us from tokyo. peter, i will start with you. new headlines from samsung about what it is planning, reviewing the possibility of creating a holding company, planning to raise the 2016 dividend. talk to us about the highlight. >> the headlines are just crossing the wire right now. the big news out of this is that samsung has decided is going to return more cash to shareholders, specifically through dividends and share buybacks. it has set in the past it wants to return 30%-50% of its free cash flow to shareholders. the amount of cash it has on hand has increased so they will go to the top end of the range. is it their divid

anchor one: samsung responds to critics. they expect a list from donald trump and china. t's all down with the yen now. anchor 2: look at the dollar index which is, as heidi is saying, down a fraction at the moment, giving up some of the earlier losses, pairing those losses as it were. et's get to the trading day. reporter: we expected to see a little bit of decline coming through in japanese equities, however it is worth noting around this time yesterday we were seeing japanese equities in the red and they still managed to close higher. at the moment the yen strength pushing the nikkei down by .2%. there's been a little bit coming through in the kospi index. this is on reports that they have been oversold recently but also as we saw in china increase the parity today we actually saw that rise in the yuan six. so we are see manager support coming through for some of those korean cosmetic companies which many chinese mainland buyers buy into it. looking at the hang seng, it is flat there. we are still seeing a sthrong rally coming through from casino players. remember mgm china an

international assets on hold. there are reports the arrest of 16 employees in china is a factor in this decision. aboutre price pushed back $80 overnight, the highest level since october 2014. on therth keeping an eye iron ore space, particularly rio tinto. .3% onat the moment off reports there have been talks to sell a billion dollars worth of australian coal assets. rio is being looked at by the european -- u.s. security and exchange commission. a little bit of data out of japan, the jobless rate expected .o stay on hold more from bloomberg technology, next. ♪ emily: president-elect trump campaigned on the promise of jobs. we know there is already significant demand for tech workers. in 2015, there were 500 rows and unfilled computing jobs in the united states and only 40,000 new computer science graduates to fill them, according to her report. still with us, david kirkpatrick and are bloomberg exhibiting editor who join us from new york. you're out with an all bad talking about how trump plans to create jobs, bringing back old manufacturing jobs. you say this approach will not

called another internal meeting in a bid to resolve its own differences. -- china has effectively tightened monetary conditions without any official announcement. they have cut back on their seven-day open-market operations. they are raising short-term borrowing costs and bond yields by injecting more funds to 14 and 28-day contracts as opposed to seven. president-elect donald trump has claimed the general election saw fraud. he says he won the popular vote, if millions who voted illegally for clinton are removed. inre are calls for recounts three out of ground states. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. let's take a quick check of the markets for you right now. afternoon trading getting underway in hong kong and china. we are seeing gains right now. the rmb strengthened slightly. that's your headlines. ♪ emily: i'm emily chang and this is the "best of bloomberg technology," where we bring you all our top interviews from the week in tech. coming up the controversy , surrounding facebook an

. china quietly raising borrowing costs, moving away from monetary stimulus. cash crisis deepens in india, but the prime minister says thing should improve. the stakes are raised in tabcorp with reports tatts a major player may enter the game. 30 minutes away from the start have atrading day, let's look at what is happening. haidi: it is all about the oil patch as we head into ministersns, oil flying to russia for talks, saudi arabia saying a supply cut may not be necessary. that has taken some wind out of the recent rally in crude. wti falling over 4% friday, extending losses. we are holding above $45 a barrel, but just. , 46t looking similar, off tilde $.67, so it is about the energy space. if we do get that supply cut announced and the details come through, markets have priced it in. if you look at where we are sitting three months out, we've come off that rally built-in after we started hearing about these potential supply cuts. this is what we are looking at in terms of the broader markets, a mixed picture, but the wind taken out of japanese equities. the nikkei 225 close to se

his promise to scrap a major trade deal. what that means for tech companies in china. the silver industry scrambles to figure out what the new administration means for renewables. the debate rages on, did fake news on facebook help sway the presidential race? mark zuckerberg told dave kirkpatrick this. >> personally, i think the idea that fake news on facebook, of which it is a very small amount of the content, influenced the election in any way, i think is a pretty crazy idea. emily: but after a lot of backlash, zuckerberg seems to have slightly changed his tune. he wrote on facebook, the bottom line is, we take misinformation seriously. we believe in giving people a voice, which means erring on the side of letting people share what they want whenever possible. we asked dave kirkpatrick what he thought of facebook's evolving tone. >> he would still say -- i don't think you would use these words again, but it is a crazy idea that trump won because of fake news on facebook. i think what has happened as a result of a huge push back from all kinds of corners, including the u.s. pres

far out of reach. stability in china, growth has picked up slightly this month. asia is back in the black lit to cheap fuel.d by what's going on in the broader region? let's find out more. >> asian stocks are gaining .gain, another day of gains that's after four weeks of losses. asian stocks have been on a tear, getting cues from the u.s. as we saw record highs there. the u.s. is closed on the holidays for thanksgiving. the nikkei is up .6%. data this morning showing that came in line with estimates, another month of deflation for october with the cpi falling .4%. seven days of consecutive gains and now near overbought territory on the rsi. the asx 200 of .4% and data from new zealand showing the trade data narrowed. the kospi, not a lot of movement but remember it's been a very brutal last few sessions for emerging markets. we will see how they trade throughout the day. malaysia is unchanged that remember the ring that has seen quite a beating from the surging dollar. let's get a check of the dxy. it is surging after taking upon sin the last session. up .1%. that seems to be the st

of china, facebook reportedly has a way to get back in. we will dig into the social networks plan to reach his largest untapped market. after a bitter election, and americans are ready for some retail with black friday kicking off in two days. you will find out the top holiday trends in tech. the most packable gifts under the christmas tree this season. mcafee posses -- mcafee's list of most at risk. remember, trying to block -- china blocked facebook in 2009, it is not certainly social network could return to the nation given licensing restrictions and other regulations that regulations that favor locally owned companies. facebook has said it's interested in china but hasn't made any decision on its approach and declined to comment on the times report. here with me is the chief analyst at technology research and from hong kong, are -- our bloomberg news reporter lulu chen. facebook is saying it is struggling with how to deal with fake news and yet there seems to be a possibility they can use their technology or products to censor out news that people don't want to see and china. >>

overheating, and if they are -- hiking fast enough. what we were hearing about india , china's debt, the u.k. brexit negotiations, so there are some watching,t bear worth but it wirelessly not stop them from a december move. time of there was a data. does it at the end of the day feed into this narrative of a december rate hike? >> i think so. the numbers showing the economy is strong enough to move 25 basis points, and one number showing there is going to be some fallout from this move. becauseok at jobs, unemployment benefits rebounded from a 40 year low. here is a wonderful chart to give us a sense of this. toless claims back up 251,000, but that 52 week line is still moving lower. you can get much lower than this in the united states, labor markets are so tight. therembers show their could be some consequences you don't like from this, and that would be housing. in home sales out, down 1.9% october. bloomberg intelligence points out that mortgage rates are rising 60 basis points in october, accelerating after the election, so that will have an impact on the fourth quarter. durable go

than 120 countries. this is bloomberg. afternoon trading getting underway in hong kong and china. this is how we are faring. hong kong up 4/10 of 1%. elsewhereuiet session with japan off for the holiday. this is a bloomberg. ♪ emily: i'm emily chang and this is "bloomberg technology." coming up, a shipping disaster for amazon. a pilot strike threatens delivery for the e-commerce giant's biggest weekend of the year. plus, hp's quarter will disappoint. output fromslumping its servers and storage divisions. from the ceo of the new york times. coming up, president-elect donald trump makes peace with the new york times, a target of his frequent tweet storms. but first to our lead, a pilot strike could hit amazon where it hurts and disrupt deliveries during the most important shopping weekend of the year. 250 pilots employed by abx air are protesting alleged staffing shortages. abx is asking a judge to force its employees back to work. all of this as the we tell industry gears up for an 11% increase in online spending over the next two months of last year. amazon will benefit from mu

members arrested in china face at least two months in detention for potential court appearances. beijing is cracking down on casinos. shanghai law firm says it is not clear if the matter will go to trial, but the maximum punishment is theoretically three years in jail. crown shares plunged on the detentions. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: right, air asia x shares up. malaysia's long-haul budget character -- character -- carrier improving from the malaysian ringgit. the question is whether this momentum can be sustained. in the short-term, it looks sustainable. after eight quarters of losses, the company is optimistic and says it will get back to annual profit. 2.5the quarter, profit at million dollars, revenue up 24%. said, the malaysian ringgit made malaysia an attractive holloway destination -- attractive holiday destination. it is thee sense that beginning of better days when you look at the company ceo. he said a superset of results, more to come, more sensible business dec

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

remaining a challee. china is said to because -- a chinese insurance company is said to be buying a japanese country with $2.3 billion. a deal may be assigned this week . it will be the first foray into a japanese market. they're looking to buy assets around the world. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 121 countries. this is bloomberg. let's move to president-elect donald trump releasing a short video outlining his policy priorities as he continues to make potential members of his administration. hisas indicated his -- intention to follow through on campaign promises. >> on trade, i'm going to issue a notification of intent to withdraw from the transpacific partnership, a potential disaster for our country. instead, we will negotiate fair, bilateral trade dealers, that bring jobs back to american shores. thered: he is talking tpp and what that will mean for this part of the world. what did you make of this video? >> it is an interesting medium. donald trump making his policy pronouncements the a a video that goes up on youtube

manufactured here. what is your take? alex: on the one hand, manufacturing costs in china are infinitely cheaper. 10 times cheaper per hour. if there was manufacturing itself coming back, automation is so much better than it was in the days of your. per hour.sts $.75 in the past when there were repacked ration breaks, all that happened was it paid for share buybacks and increased dividends. emily: investors benefit, not jobs. alex: more likely to be the case. emily: thank you for stopping by. the hewlett-packard brand is focusing -- is a faster growing i.t. unit. scarlet fu looked at the details behind the financial performance. they report quarterly earnings after the closing bell. the business is split into two separate companies. enterprise.s hp let's take a look at hp's revenue breakdown. it's enterprise group which includes servers, storage and networking makeup 50%. is 37%, thegment purple. when it comes to the bottom line, hewlett-packard into price is cutting costs and restructuring to increase earnings growth. does face macro economic challenges and tighter corporate budgets and

at the markets. afternoon trading eating underway in hong kong and china where we are seeing hong kong up. shanghai is pacing its offshore peers. , heading for a bull market. ♪ emily: this is "the best of bloomberg technology," lori bring you the -- where we bring you the best of our interviews in the world of tech. mark zuckerberg strikes back at critics who said the social thea site facebook affected outcome the elect -- of the election. first, to our lead, snapchat against the process of going public. they have filed for an ipo under the jobs act. this is something a company can do if they make less than a billion dollars in annual revenue. ofy have a target valuation $20illion-20 billion -- billion-20 $5 billion. cory johnson caught up with sarah frier and justin khan after the news broke. >> snapchat's filing confidentially because they don't have $1 billion in revenue yet so they can do that. this ipo could happen. it could be the first quarter of this year, maybe as early as march. it could be up to $4 billion in what they raise. this is incredible considering that they f

derail closer global integration. china shakes up the order, claiming the mantle as world free-trade champion. japan posting a trade surplus with imports falling faster than exports. for and against the korean president as prosecutors say park geun-hye did collude over access. 30 minutes from the open in china and hong kong. singapore, kuala lumpur, and taipei coming online. how our markets tracking? buty: it is looking mixed, we are seeing markets in the red except japan and taiwan. hown not surprising given much the yen has plunged against the dollar. downe seeing the kospi .4%, the threat of impeachment as prosecutors say park geun-hye was involved in that influence peddling scandal. we are seeing minor stocks and consumer stocks driving the declines, the asx down, reversing three days of gains, while new zealand is down .2%. new zealand has been losing ground for six consecutive sessions. about japan, look at that, gaining .5%, the nikkei already in april market territory, but we are now seeing the topix also gaining for an eighth consecutive session. if gains are sustained, we c

laugh in china? tighter regulations on ride sharing could make didi's business a lot tougher. we'll head to hong kong next. check us out at bloomberg tech tv weekdays at 6:00 p.m. in new york and 3:00 p.m. in san francisco. this is bloomberg. ♪ emily: samsung is making moves in the automotive technology business. the company has agreed to buy harman international industries for $8 billion in cash. harman makes high-end car audio sand a leader in car technology. their c.e.o. says samsung is a good fit. >> samsung and harman believe this is an ideal strategic fit that will maximize our complementary strengths. their global scale and r & d capabilities and distribution channels will provide harman the resources to be able to expand our reach. emily: sticking with the car business, it has only been a few months since ride sharing giant didi bought out uber's operations in china. they are going to endorse tighter ride sharing rules. if that policy goes into effect, uber's deal might give -- a last laugh. cory johnson spoke with david kirkpatrick. take a listen. >> there is a discordanc

a few months since a ride giant bought out uber's operations in china. they are going to enhorse tighter ride sharing rules. if that policy goes into feblingtuber's deal might give -- a last laugh. with david spoke kirk patrick. take a listen. >> there is a discordance between the central government and the local administrations. if you look at the local government. the local level because the city governments are in charge of issuing a lot of permits for the axis operations. this is a push back from the cab rives. it is a blow to their business. >> they were taking a step closer to an i.p.o. i wonder if you get the sense with not just uber but some of these unicorn companies are starting to think about publicly trading companies. >> i think in general that may be happening. i don't sense it as much at uber as some of the other companies. i think uber is feeling comfortable being able to raise capital at these astronomical evaluations. if you look at facebook's situation, if they had never gone public, they would be able to do a lot of things to respond to situations that are put

, i won't be able to manufacture my goods in china? if i'm a start-up importing things and i thought the international markets were really going to work for me, it turns out there's a lot of elasticity with consumers. a nest that costs $100 versus $500, huge variance in demand. i think we can expect tariffs. i think those will very much influence demand in international markets. i think in other sectors, like energy, we've got issues like, you know, if solar subsidies go away. i think it will have a big impact on funding related to energy start-ups. and lastly, in terms of just the pure funding market, there's been a lot of chinese money coming into the states that's been funding not just things like angel lists that we've seen and kind of early seed stage starters but also a lot of growth rounds in vr and ar. companies,umber of asian investors in particular who i think have just sort of stopped everything while they wait to see what happens. emily: have you hit pause as well? >> we haven't hit pause. what we do is early stage investment. emily: but still, you're seeing investors hav

the week. elsewhere, stronger gains across the asian equity market. had and china, we just china property prices data coming through, pretty weak there, but still a lot of bids for these casino stocks. china out by 3.4%, a switch out from energy players. by around .3%. it had quite a good rally as we saw the won strengthened against the dollar. and newian zealand looking good, some next movement and terms of the other southeast asian markets. looking at currencies, it is about the yuan, the pboc weakening the yuan again. 6.910, a lot of analyst saying we could now see the onshore renminbi push towards that seven handle. the crudeook at price, some weakness as well, down by 1.1% at the moment. in terms of equities, generally looking good, especially the japanese equity market. rishaad: thank you. right, let's get the first word news. president obama says he won't try to stop the protests that have erupted against donald trump. he rejected calls to use his influence to rain and demonstrators. obama urged his successor to " stand up to russian president vladimir putin if he fails to

china by 2020. j.p. morgan chase will pay $2 million to settle investigation into hiring practices in china. it accused officials of peddling to win business. five other wall street banks are still being investigated. opec nations and russia meet today, but iran and iraq will not be there. the cartel is trying to reach an agreement on output cuts, but tehran and baghdad say they will not lower production. opec has struggled to reach a deal in algeria in september and 18 hours of talks in vienna last weekend failed to bridge that divide. this is bloomberg. let's take a look at how this market situation in asia is faring. we had a bit of a reversal and mixed picture at last check. but let's go to juliette saly. juliette: markets tracking higher today, but we are seeing a bit of weakness coming through in shanghai. the shanghai composite down by 2/10 of 1%. a lot the market saying that perhaps the rally has gone too it entered a bull market, and there is a little bit of concern that those gains are overdone. in hong kong, we are also seeing a little weakness, but we have had positives on

120 countries. this is bloomberg. talking of china, china's holdings of u.s. treasuries at the lowest level as it draws down reserves to support the following yuan. what does the data tell us? >> more clarity than the skies of beijing. a further drawdown of u.s. treasuries and the fx reserves. it is when the pboc was trying fallingthe yuan from prior to the sdr inclusion. net selling of u.s. treasury total in september was $76.6 billion, $28.1 billion of that was from china august to september, so china now holds 1.16 train dollars in u.s. bonds , notes, and bills. is the pbocseeing trying to keep the yuan from falling too fast, but now we have seen the yuan fall as far as 6.88 yesterday. it is strengthening today. the indicates that authorities in beijing are allowing it to go weaker. rishaad: we have seen this weakness and saw today's fix, the 10th straight week, but then some strength creeped in. >> it was 10 straight days that they set the fixing rate weaker, but because of the weakness yesterday, 6.88, it was weakened by .3%, but it is strengthening today, putting a halt. prior t

china potentially as high as 45%, part of a plan he believes will reinvigorate the united states and manufacturing by bringing it stateside. when company this could have a major impact on his apple. a chinese state-run newspaper warned americans of countermeasures if trump launched a trade war, including a tit-for-tat approach. when it could mean for apple and other smart phone makers is a chief research officer at idc. how much would these tariffs impact apple and iphone users? >> if you look at how these tariffs would be levied, there would be negotiation, whether 45%, 20%, 15%. that would be on what we call the oem price, the original price of the products. it won't be the $800 or $900. for the sake of the argument, let's say you get down to $35 or $40. in all likelihood, a company is cash positive generating what apple generates would likely eat that charge, and that would be one of their few options. another option would be to pass that along to the consumer or split that with carriers or two other channel partners it might be selling with. it definitely hurts the consumer. emil

get a quick check of the markets. after in trading is getting underway in hong kong and china. we are seeing $45 a barrel oil. tokyo and sydney just closing for the day. ♪ cory: i'm cory johnson in for emily chang. snap is filing to go public. sources say in may be the biggest tech ipo in recent years could come as early as march. the fangs stocks have come roaring back. palantir cofounder joins us on his longtime partner peter thiel and how a trump presidency could impact technology. snapchat begins the process of going public -- the parent company snap is said to have filed confidentially for an ipo. that is something a couple he can do that makes less than $1 billion in gross revenues. we reported last month the company would seek as much as $4 billion in valuation, anywhere from $25 billion to $40 billion on less than $1 billion in revenue. what is the news? sarah: snap is filing confidentially because it does not have $1 billion in revenue yet, so it can do that. this ipo could happen as soon as first quarter of this year, maybe as early as march. it could be up to $4 billi

their highest level since february. hong kong moving closer to a trading link with china. members hold opec meetings to bridge the divide on production cuts. rishaad: we have the trump thect, this is the chart of hour. year to date, what is it telling us? haidi: the trump affect driving up volatility after the elections, and this could be good for asian assets. if you look at where the price is now and going forward in terms of futures options, some discounts coming through. we can see how volatility has spiked after the election taking place. the results in a way are off the higher valuations and price-to-earnings multiples, 13.8, now 13.2 or thereabouts. by historical measures, that does represent good value, you could argue. are talking about the msci asia-pacific index. conversely,: you can talk about the end setting times we are in at the moment. rishaad: that's one way of putting it. haidi: the great unknown in terms of policy. rishaad: or the known unknown. let's get straight to the market action. juliette: it is looking brighter today. regional indexhe higher for the first

libertarian values. positions like you can't work with certain parts of china or iran, but i think a lot of the world has become more self-imposed in terms of what silicon valley wants to help with. the curious things about palantir is that it remains private. if not mistaken, your cofounder remains ceo of the company and set running a company like this would be difficult if it were public. do you think that is still the case? joe: i think a lot of these founders are very bright people that i learn a lot from an overestimate how hard it is to be public. a lot of people are very scared of becoming public and a lot of people who have made the transition, it's not as bad as you think. erik: do you think the time will come when palantir can go public? joe: i think so. wouldearly shareholder, i like to see it earlier and i understand why other people might want to delay it. trends inll the technology today, whether it is a big data, machine learning, ai or a taunus cars or anything else or that matter because the list goes on, what excites you the most? is how thexcites me big industries are goi

help prevent 2400 pedestrian injuries a year. could uber get the last laugh in china? tighter regulations on ridesharing companies could make didi's business a lot tougher soon. we go to hong kong for the details next. this is bloomberg. ♪ cory: samsung is making moves in the automotive technology business with harman international industries. they make high-end car audio and a leader in connected car technology. the ceo says samsung is a good fit. >> samsung and harman believe this is a strategic fit that will maximize our strengths. samsung's global scale, r&d capabilities and distribution channels will provide harman the resources to broaden our portfolio, expand our reach and accelerate the production of industry first positions. cory: it has only been a few months since the china giant didi bought out uber, but now the cities are planning to enforce tighter rules and selecting what kind of cars drivers can drive. joining us now from hong kong is lulu chen and still with us is david kirkpatrick. what are the rules proposed in terms of both the residency and the vehicles

get in. samsung putting big money on that. thank you so much. rishaad: looking at china, national petroleum corporation, the parent company of petrochina, could be looking to spin off most of its non-energy assets, forcing it to streamline because of oil. haidi: tom has been looking into this, what a rehearing so far -- what are we hearing so far? two weeks of low oil prices are taking their toll on this energy giant, the parent company of petrochina. they're looking at spinning off a number of different units that make up about 10% of their employees, units like schools, utilities, hospitals. these are largely nonprofit making according to the company and will be spun off and takened up and probably over by regional governments or joint ventures with the help of outside investors. it is part of the streamlining whichs for the company, employs around 1.5 million people, making it the sixth largest employer on the planet. as ais part of a push state owned enterprise that has been able to whether some of these weaker oil prices thanks to cheaper loans, but this is coming to fruit no

>> it is 1:00 here in hong kong. china's economy stabilize last month following new measures to cool the property market in almost two dozen big cities. industrial production rose 6.1% in october from a year ago. retail sales climbed to 10%, down slightly from 10.7 a month earlier. donald trump has named reince priebus as his chief of staff when he takes office in january. he is chairman of the republican national committee and his nomination is expected to bring trump closer to the party leadership after a divisive election campaign. trump named his campaign ceo stephen bannon from breitbart .ews as his chief strategist japan's economy expanded more than forecast in the third quarter. grew 2.2%. consumption -- business spending was unchanged. global news 24 hours a day powered by over 2600 journalists and analysts in more than 120 countries. bloomberg. ♪ emily: this is the best of bloomberg technology. we bring you all are top interviews from the weak in tech ek in tech. wea donald trump won the white house, though most in silicon valley lost the bet on the presidency. plus,

, japan's smashing expectations. >> data from china expected to show continuing industrial-strength, gain in retail sales, and investment. afterd: the kiwi swings powerful tremors cut the main north-south highway. what may be the most successful casino of all time. rishaad: right, just having a look at this chart. it attracts the fortunes of the 500 richest people in the world. >> we know markets for royal last week, the recovery rally, and so some segments continuing. there we have it. the two weeks of ups and downs, ending in a tumultuous u.s. election week, down $6 billion. these of the world's 500 richest people. we have the decline of $64 billion on the result of trumpeting in the white house. rishaad: right. and kuala taipei lumpur coming online. all right, markets mixed following what wasn't the most pleasant of weeks in asia. the story comes down to japan, where you have a weak yen. followinge nikkei 225 the quake. , down 7% inng out new zealand. what you're saying is a pullback across mining stocks, especially gold producers following the drop in gold prices. wednesday last

the way encryption is is probably not at the top of the list. emily: coming up, we head to china and speak with alibaba president mike evans and if you like bloomberg news check us out on the radio. you can listen on the bloomberg radio app, bloomberg.com, and on sirius xm. seeing is believing, and that's why we're opening more xfinity stores closer to you. visit us today and learn how to get the most out of all your services, like xfinity x1. we'll put the power in your hands, so you can see how x1 is changing the way you experience tv with features like voice remote, making it easier and more fun than ever. there's more in store than you imagine. visit an xfinity store today and see for yourself. xfinity, the future of awesome. speed always wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comc

at the top of the list. emily: coming up, we had to china and speak to alibaba's president. to us on theisten bloomberg app. this is bloomberg. ♪ ♪ emily: welcome back to the best of "bloomberg technology." i'm emily chang. shop-athon that dwarfed black friday and cyber monday in the u.s. the event has become a barometer of chinese consumer sentiment offering clues on the chinese economy. investors took notice. alibaba'sup with president michael evans from zhejiang china. michael: it is highly unlikely will will continue to grow 50% each year with the numbers becoming so large, that would be very difficult to do. we are at least 30 plus percent higher than last year and we will end up between 17 and $18 billion. that is against the 9% -- eciation and the arereal opportunity is we penetrating 10% of the china retail market off-line online. there is his potential growth in the china market. we see substantial further opportunities for growth in the future. trump president-elect says he will end trade agreements around the world. urged not to adopt an isolationist concept. what when

than expected to label china a currency manipulator. well, we have been looking at this chart. terrorism fromt china and how it affects -- tourism from china and how it affects japan. that white line is consumption, including tourism. consumption excluding tourism, so you can see that the merchants. domesticwe have weak demand. these numbers continue to burgeon out of china into japan. getting to the market action. a bit of a mixed picture a cross asian equities today on what has been an extraordinary week. in are seeing that weakness emerging-market currencies hitting the market, particularly indonesia. down 2.2% at the moment. the philippines down by over 1.5%, and taiwan is being heavily sold off as well. financial players, the search for yield continuing, financial stocks leading the way along with energy producers, although we have seen a pair back in that oil price rally. the dollar's strength happening everywhere, a weaker yen, the nikkei up by .8%, so are a lot of positive momentum coming through export players in the region, weakness from some of those materials playe

whether trump's policies could lead to a trade war with china. but first our lead. the dow jones industrial average soaring to an all-time high but one industry is missing out. the tech sector. facebook, amazon, netflix and google's parent alphabet down for the second day. it may be that investors are weighing the impact of trump's policies on big tech multinationals. to put this in perfect i, joseph sealy in new york. apple ending the tai town almost 3% today. walk us through the market. joseph: you saw the companies that are going to benefit from a trump presidency doing quite well, like industrials, materials and financials. but on the other side you have ech. there's a lot of companies in the tech sector, alphabet and facebook, get half their money from overseas. if overseas trade takes a blow, tech knowledge is -- technology is a sect yo -- sector that will get hurt. the tech sector was up about 11% year-to-date until today. this is an area people will be looking to sell given any reason. perhaps a little overvalid by some measures. people looking to make some profits, maybe

the table. keep in mind the chinese have ramped up significant capacity outside of china, so tariffs, even on product import into the united states directly from china, are not working. if you have weak demand in the u.s. and china and japan, we think it will have a very negative impact on prices in the united states. if you are a tesla shareholder, you have to ask, are you willing to vote for this deal? because there has been a significant change overnight in the overall chemistry of this deal coming to pass. emily: as keith was leaving, i asked him what his thoughts were on the future of cleantech. coastal avengers has invested in a number of clean tech initiatives. he says he does not think clean technologies necessarily needs government subsidies anymore. do you agree? and he would invest in these technologies -- and who would invest in these technologies or even building these technologies if they did not think the government was going to support them? >> i strongly disagree. we can look at multiple instances germany, spain, france, taking away incentives , 90% drops. without th

in uniting and beating the country. this affect does u.s.-china relations? we are having a look at this one. it is a big question. is, who is donald trump really? withuld you be dealing donald trump the candidate who said a lot of anti-china rhetoric, or will it be president donald trump, who needs to maybe tone it down, or maybe he doesn't? many more we have questions about the u.s.-china relationship going forward than we have answers. 45% tariffs on all chinese made goods into the nine states. the commonwealth of australia said that could cut exports to the united states by 25% in the first year alone. this is a $600 billion trade relationship heavily skewed in china's favor. how much more would americans want to pay for their iphones and other goods they buy? >> that's another story. currency manipulation could be ,omething that president trump still getting used to that, president trump will possibly -- rishaad: president-elect trump for the time being. >> currency manipulation, he name china a currency manipulator on day one. what does that mean? it means they will start a se