very important to share the current china story with the world. one of those stories chris tung thinks worth sharing is muzkin fashion. it is now a growing international design label. it was started by kate han, typical of the new wave of chinese millennial entrepreneurs. kate was born and raised in china but studied at leeds university art school in england. her designs meld chinese tradition with contemporary western style. it was only started in 2014, but by 2018, kate was already listed as one of the chinese designers of the year by vogue china. getting started wasn't easy. her father owned a successful textile manufacturing company, making clothes for western labels. translation: my father was angry and disappointed. he actually wanted me to work at his factory when i graduated, just like a normal millennial girl. determined to be able to produce her own designs, kate had to strike out on her own. translation: my family didn't really approve of me going into this business. so we argued about it a lot of the time, but eventually i moved to hangzhou and sold my house and my car to r

within 45 feet. no major incident. east china sea, really interesting. in the end of the year, there was no incursion by a chinese coast guard vessel into the not coup miles around the islands, which is interesting. we party had three this month. maybe we are heading back to where we were. straight looksan pretty low this year. it'll be interesting to see what people say about that this year. we were still six months after 2:00. people were worried about the potential after of another incident. then we had modi's meeting with xi jinping. they really diffuse, i think, that issue. although, there's been a pretty major poa buildup in the area since then. that's where we were. we are going to ask the exact same question now for 2019. take us to the next slide. make sure your clickers are on. i hope you'll although. you can see the total number of posts being cast. i know there's more people in this room. we don't have the ability to actually identify what your vote is. it really is anonymous. no great cyber capabilities here. we hope that you will cast your vote. we will look at where a majo

canada mexico. europe china these are not good you know yes we he did say that he struck a new deal with nafta you know with the china and i started with canada and mexico to replace nafta but i think it's basically a minor change you basically did not win that fight and he just let left bad feelings on both sides. so he withdrew from the trans-pacific partnership agreement which is a big deal so now i think we're going to see through time is that the u.s. will be increasingly isolated and you'll have china making trade deals with japan and south america with with europe canada so the u.s. will just become a minor you know we can take on the entire global economy in terms of fighting so hard so many experts say that. you know whatever is going on right now in the u.s. the country will be locked in a partisan bickering for two years to come at least you feel like this is just a taste and you know it's going to be getting i think everything that's wrong has done and all his associates. will be. brought back up by the democrats in the house in hearings so you'll have. because the repub

concern we need a little strategy regarding china and how to deal with it. it is much more complicated than the administration is for trying. i think he is overselling the impact of the tariffs in this and underselling the collateral damage that has followed from the tariffs. >> that light is coming and it's a trained and it will crush us. >> is going to be very painful. all the supply chains are shifting. brazil is selling more soybeans. we will not get those markets back anytime soon. >> okay our time his been come to the end. we have had remarkably open and frank views. we thank you very much. want to see how many people wear glasses here again all five of us are wearing eyeglasses not sure that this line of work is tough on the islands trying to see things very clearly. the first prime minister's questions of 2019. watch prime minister's questions live wednesday morning at seven eastern at c- span two. for >>> a look at china's built and road trying to initiative. panelists discussed recent challenges faced by china nus reaction to the initiative. the heritage foundatio

. for >>> a look at china's built and road trying to initiative. panelists discussed recent challenges faced by china nus reaction to the initiative. the heritage foundation hosting this 40 minute event. >>> good morning everyone and thank you for coming out this morning. a few years ago it would have been necessary for us to talk about what that belt and road initiative actually is. that is certainly not the case today there is so much coverage and commentary and press generally on the whole concept. everyone has a good idea about what it is and what it is attempting to do. but the chinese intentions are behind it. in fact in terms of nomenclature of course it was not b.r.i. from the beginning and. at some point it was maritime belt road, they called it the one belt one wrote initiative for a little while. i think beijing came to the conclusion that it sounded a little too exclusive to call it one belt one road though it made perfect sense to call it that. finally settled on b.r.i. but none of these changes of nomenclature actually change the substance of the initiative. it is that su

, and the threat from china, this week on "firing line." >> "firing line with margaret hoover" is made possible by... corporate funding is provided by... >> until two years ago, he was best-known as a controversial economist, author, and filmmaker. then peter navarro joined the trump administration on the very first day. his official title is assistant to the president, and he directs the newly created white house office for trade & manufacturing policy. now he is best-known as the strongest defender of president trump's escalating trade war with china and the u.s. tariffs that are changing relationships with both america's allies and adversaries around the world. peter navarro, welcome to "firing line." >> nice to see you. >> i'd like to begin by asking how you view china. and i'm not talking about the administration's broad industrial policy towards china. i mean, how does peter navarro view china? >> i see china as an economic threat to the welfare of working men and women in this country, particularly those who work with their hands in manufacturing. and, you know, back in the day,

reduce trade deficits, and particularly he focused on china. he has been very tough on china. people around him were probably tougher toward china than mr. trump himself. but mr. trump also wants to forge fdas or trade agreements with the eu and japan which would be very favorable from the u.s. perspective, and he has been using the threat of imposing additional tariffs on automobile imports. japan now started to work with other ten countries within the tpp 11 context to expand membership. japan also came up with an epa economic partnership agreement with the eu, and this epa is going to be enforced on february the 1st this year. japan has been also working with other east asian countries to forge the regional comprehensive economic partnership agreement. so japan and mr. abe has been working intensively on mega fdas in supporting the liberal trading system for the -- not only japan but for asia and the road. so the question is where do we go from here. now we know that the u.s. has the largest trade deficit with china followed by the eu, mexico, and japan according to the number for

a little steam china today. here's what we are seeing for the rest of the broad market. it is a sea of green. japan coming back with the pretty bad losses we saw on friday, they were up 3% in tokyo today. taiwan with a tech heavy bunch as well recovering after the news of the rate cuts beginning. we also have the rrr cuts. the one percentage moves with the ratio requirements will help to bring some are confidence into the chinese economy. it is really that dollar weakness story that is filtering through asia-pacific are the asia-pacific are the dovish comments from jay powell enough to be a game changer when it comes not just to asia fx but also asian assets overall. the appetite really coming back here. we are seeing the christmas rally that is long overdue. some of the em currencies really catching a bid. we see the biggest moves in a month when it comes to the onshore mmb. the aussie dollar on the news of trade discussions going through also what it comes to the rrr cut. we are catching a bid for the rmb here today. a dramatic move in the treasury. herew the two year soaring 12 b

of muslims in china more than a million in detention vilified as radicals and extremists. spreading across the country. by british biology welcome to news. we begin this program's first broadcast with a court judgment that our rights group has called a mockery of the rule of law and it's this four and a half years in prison the chinese lawyer. a sentence for what beijing called subversion of state power without defining what is actual crimes sentenced to a man who's been held in prison for more than three and a half years sentenced to a man not allowed to meet his wife and child in all of that time. is one of more than two hundred lawyers and activists who were detained in twenty fifteen in a crackdown by the chinese government it's a crackdown that's changed people's lives for ever. happier times before he was torn apart before. his son his little longer without a father. for months his wife. did not even know he was alive. authorities kept long's case shrouded in secrecy once they admitted he'd been detained lee was denied any access here she is last december trying to attend a co

u.s. negotiators start trade talks in china yet again but few hope things will really change can the world's top two economies find a way out of their trade war and calm down financial markets. and the makers of scotch whisky fear breck's it will hurt their global business i'll tell you why export barriers are not the only thing producers are worried about. it's time for business on the w.b. and how you know gas welcome to the program as china and the u.s. resume trade talks both powers are using very positive rhetoric china says it's willing to work together with the u.s. to resolve the months long dispute between the two countries the foreign ministry expressed optimism as talks resumed in beijing and the meeting is the first since u.s. president donald trump and his chinese counterpart she agreed to a ninety day truce in their trade war last month. the u.s. and chinese representatives will need one key quality staying power these trade negotiations are set to be long and difficult nonetheless there's real hope that the trade conflict may finally be brought to an end china has

china's strategic thrust in our hemisphere. insisting on investing billions of dollars, building power and influence in central and southern america. and unfair trade practices and theft, just routine. it is no longer just about massive trade deficits with china, and its theft of trillions of dollars in u.s. technology. it is also very much about china's ambitions in our backyard. we take up that incursion into this hemisphere, the china trade talks and beijing's increasing regression with the former federal four-star general. in the hudson direct your for chinese strategy, michael pillsbury. radical dems and left-wing media screen for cover as they falsely accuse catholic high school students. a native american activist confronted those boys, their kentucky schools had to cancel classes due to threats the following that false reporting. outright lies. did social media moms target the boys because of their make america great hats? >> i think that is why they were targeted. i think they were also targeted for what they stood for witches, christianity, the right for life, and they were s

manufacturing slump as china's factories had late disappointing -- highlight disappointing data around the world. ramy: we are seeing green on the board for this training session in the united states, the s&p 500 up .1%, futures are currently down. a minor just eking out gain. the nasdaq is the biggest bump of the three, up .5%. , they these indexes opened negative largely because pmi in asianna -- countries, like china. i will show you what exactly happened. it was the energy sector that was the biggest leader, up 2%. this after reports as saudi arabia was cutting its exports, and that gave a boost to oil. wti and brent crude rose 2% on the day. that was the highest in the past two weeks. haidi: let's look at aussie markets. they have just opened in a staggered start to the trading session. we were expecting upside over 1%. we have paired that back to gains of .2%. we are expecting to see gains across energy and materials after the jump in oil, wti getting boosted by the cut in exports from opec plus friends. we saw the likes of not just saudi arabia but iran and libya reining in the outp

china as an economic correspondent for the public radio program, marketplace. >> scott tong a correspond with america's public media marketplace. also author of a village with my name. from a history of china's opening to the world. tell me about when you went to china to open up marketplace versus the full-time china bureau? >> he was back in 2006. i was assigned to open up a bureau in shanghai with my family. my wife and i were schlepping a six-year-old, a three-year-old and a 1 1/2-year-old. 100 hours on a plane to go to shanghai and open up this bureau. every day was different.some days just maddening with you can imagine the bureaucracy of a place like china where everybody has to sign up and fill out 12 forms and all of these things. you get your stuff from a container. then magical at the same time. i getting back to the town where my mom was born. and really kind of live in the middle of the you know this chinese economic story. which has all of these adjectives attached to it. it's kind of magical and fascinating. and frustrating and unequal and obviously matters to t

the united states of america. also coming up tonight in china's history making landing on the far side of the moon for now beijing says this is a mission driven by science. so meaningful it has so many resources look at it that even if we be necessary and the very meaningful half that goes back from the fact that the moon perhaps we have lost the technology to land on the fos after. two our viewers on p.b.s. in the united states and all around the world welcome we begin the day with a u.s. congress unlike any that the world has ever seen today a new congress was sworn in the most diverse freshman class of wall makers ever to ever work on capitol hill a record one hundred twenty seven members of congress are now women most of them are democrats and this means that the republican monopoly on power in washington under president trump is over well this new congress they've got their work cut out for them if they are allowed to work they'll try to end the government shutdown over funding for president trump's border wall with mexico house democrats are also expected to defend the affor

of u.s.-china trade talks. they are in beijing for face-to-face trade talks, the first formal meeting since presidents trump and xi agreed to a 90 day tariff truce. china iss that attaching high importance to these talks. theresa may has stepped up her battle to persuade the u.k. parliament to back her brexit deal she wants the country -- brexit deal. the u.k. prime minister says she will give parliament a bigger say over any feature and says she will seek fresh assurances from the eu wall 200 lawmakers from both parties call on her to rule out a no deal brexit. they say it would threaten voters livelihoods. on,f the deal is not voted then we are going to be in uncharted territory. i don't think anyone can say will happen. >> president donald trump says planning a steel barrier rather than a concrete barrier on the border and is threatening to invoke a national emergency to circumvent congress. he says it will depend on what happens to end a partial federal government shutdown, now in its third week. democrats have already threatened a legal fight if trump tries to declare a n

relevance. china seekers trying to replace america as the global superpower. this book is taken off in asia. the chinese have the book although they keep it under glass. you are a senior fellow director of chinese strategy for hudson institute of distinguished high-ranking government official. you've written many books and reports on china. you are educated at stanford with a va in history columbia university m.a., ph.d.. during the reagan administration he was the assistant undersecretary of defense for policy planning and responsible for implementation of the program of covert aid known as the reagan doctrine but you work for nixon. george h.w. bush, reagan, somewhat obama. anyone that i missed? >> that covers it. >> you have spent your entire professional career focused on china and i want to read you just a couple of sentences and i wanted to elaborate on this for me. china's marathon strategy depends heavily on goodwill from other countries especially the united states. that goodwill translates into massive investment, the acceptance of chinese exports, indulgences when the govern

, discussion on china's work on artificial intelligence. after that forum of infrastructure in the u.s. later live as former diplomats and defense officials talk about arm's control policy. .. .. c-span is brought to you by your cable or satellite provider. >> host: and we want to introduce you to kai-fu lee, the author of this book, "ai superpowers: china, silicon valley, and the new world order." mr. lee will talk about the book in just a minute but first give us a sense of your background and some of the job you've held. >> guest: certainly. i have a phd in artificial intelligence from carnegie mellon in 1988 after that i worked in various capacities at apple, microsoft, google. mostly in executive management positions related to artificial intelligence. now i have my own venture capital firm. we have run this for the last nine years, and we also invest a lot in ai. >> host: what he didn't mention was he was the former president of the google china. and what kind of companies you invest in? >> guest: well, we are technology oriented d.c. so we really try to understand the technology trend

, is scott kennedy, senior advisor in the freeman chair for china's eddies and well known to many of you then bill the chair of international business and a well-known figure in the trade and my colleague, stephanie siegel is a senior fellow and deputy director and senior fellow in india policy. i think, apart from their titles and all being affiliated so we have something almost in common, or of the five of us are left- handed, which, as i was noticing here, but, the one who isn't is the best dressed. so, he gets merit on the panel. we will start with the slide from last year when we asked everyone to predict which a's and country is most likely to exceed expectations for growth, last year. the good news is, we don't have the answer to the western yet because we don't have results for the full year in most of these countries. the winner last year for the chosen country was india with vietnam closely behind. it looks like vietnam will win, the object growth is 6.6% and it looks like the fourth quarter will be seven-point 3%. india is about at expectation with a good second quarter bu

two decades. china is in focus. apple has become the latest and biggest corporate casualty of the pullback by the chinese consumer, and the company says the trade war hasn't helped. is this just a china problem? will the rest of tech get dragged down with it? the apple ceo now faces his biggest test since taking over. first, the shocking letter from tim cook to shareholders. apple cutting its revenue outlook for the first time in two decades, citing weaker demand in china amid the ongoing trade war with the united states. apple dropped a big can't that iphone sales -- big hint that iphone sales were dropping in november. here is a take of some of what we've seen on bloomberg television. >> they will still hit an all-time high in earnings-per-share this quarter, so profits per share will still be better, even though revenue will decline for the first time in a long time and, unexpectedly, they have hit a real speedbump in china and with the iphone. >> people who have been watching apple closely for a long time have known that the wall was going to hit at some point, and it's just h

, asian-pacific markets await the latest gdp data from china and expected slowdown has already been priced in. theresa may will offer her brexit plan b. she says there is little chance of cross party support. and the shutdown drags on in washington. the latest offer is rejected as a top immigrant says let's talk. how: a reminder have -- of u.s. stocks ended friday. it was green across the board. s&p futures now in positive territory. the dow and nasdaq are up. what happened in china, they said they could theoretically take down u.s. deficit to the zero by the down to year 2024. economists say it is not likely. there is a possible executive order from the u.s. white house about chinese telecoms in the u.s., and we have yuko data coming out. -- ecodata coming out. we are watching for gdp from china. sophie: we are awaiting that data dump, and asian futures are pointing to a positive start. aussie shares up .2%. in japan we could see a pop of .ver 1% for japanese stocks the boj is holding a policy meeting and investors are watching for potential cuts to the bank's buying to attract the nikkei

president of google china. kai-fu: we are a technology oriented v.c. we try to understand trends ahead of the curve. we try to understand breakthroug hs and education and b2b software, we are always looking for chinese applications and new consumer uses. we focus on companies in china, primarily for chinese users. interviewer: why are you always looking for that chinese application? of-fu: our firm has a lot mba's with u.s. training. is thatntage in china we can use our technical towarddge to help us look the chinese future. that is our differentiation against our competitors. the reason we don't invest too is we arede china also a very local investment firm in china. we don't understand a lot about markets and other countries. overtime we would like to invest globally. born inwer: mr. lee was taiwan and educated at carnegie mellon. when you read the title of your new book, you can see the font sizes are getting smaller and smaller. how do those three intertwine? kai-fu: i worked in silicon valley. i understand how silicon valley's thanks -- valley thinks. butspect the innovation, havi

am very interested in hearing about china's voting power. remaining well below the share of its global economy, you know, and really talking about the importance or lack thereof of that development. >> i, mr. chairman, i want to yield the balance of my time to our ranking member, soon to be member of the committee, miss waters. >> thank you very much. i want to thank undersecretary malpass for coming before the committee to discuss the role of the united states and ensuring the effectiveness of the international financial institutions. this committee has a long history of supporting the world bank and the regional development banks. we've also been strong advocates over the years of reforms that were not only important to furthering the mission of the development bank, but also critical in helping to ensure, broad congressional support of these institutions. we've also, in the past, worked in a bipartisan fashion to support the imf in times of crisis. at the same time that we press the fund to pay more attention to the social dimension that must be present when decisions about e

>> in australia, i think there is a broad and bipartisan recognition that china had undue influence in the past because what we will call the campaign finance laws would allow significant amounts of cash to go from china, and it is getting cleaned up and not to have interference in the next election. there is questions about the chinese media and other things, but it is an issue where both parties appear to be united around preserving the integrity of their own reputation and i think the system is as true in new zealand although they probably don't have an election this year. >> i want to thank you all very much and we are going to turn to even scarier stuff with bonnie s. glaser right away without a break. so you have the column and let's thank our panel for their predictions in your prediction. [ applause ] >> we are going to move right into our security threats panel. >> we are going to move right into our security threat panel and get your clickers ready because i will briefly introduce everybody. we have a really terrific team and of course we could sort of all do some other pa

an expert on japan. he did a lot of work on china and taiwan. ustr and covers those parts of the world as well. so we've got a great group here. a little towards economic issues. we will try to actually -- but i will try to do is maybe broadly divide the conversation into economic and other issues. they're going to blend together, i'm sure, in people's's initial remarks. what i thought we would do at the start is to ask -- maybe -- yeah. we turn off all our phones. disturbing the signal. i'll ask professor nakayama to start and give us some overviews on the kind of the big challenges in that region, international perspective and what is facing japan and what the priorities are going to be this year. >> thanks for having me here. a bit about the different subject that we talked about this morning. i think you focused on that. i did it's going to be more about com and peace because it was a very rocky era for japan. it started out as a bubble, it burst it. i think something that this symbolizes is pieced and calm. and this is very important for japan. help this name of the erika he

today china as activity contracts for the first time in 19 months. what it means for the big caps we're talking about caterpillar, boeing, apple and more plus a big call and cut on netflix. the first editions of "the halftime report" of 2019 with scott wapner and the traders starts right now >>> happy new year good to have you with us on this wednesday. here to debate and trade the biggest stories of the day, joe terranova, jim lebenthal, josh brown, jon najarian. we start with the markets, the new year getting off to a rather volatile start new data in china suggesting the economy there continues to contract joe, the biggest story we're talking about, china, trade, the global slowdown, whether the fed is behind the curve. all of that as you enter the new year >> everyone is trying to face a strong degree on what the price action will be today and there is no relevancy. if you're going to try to extrapolate what that means for the remainder of the year, the return is less than 50%. as it relates, obviously it had an impact. you learned a little bit about oil today in the fact of w

had phenomena of rising power like china dealing with conflict of existing pour these political issues are very connected to economic issues in policy so i think that that is the character of the environment we are in. >> you were ran bundes bank for a time i want your take on central bank policy your assessment of china in december your firm announced you can in fact own a bank in china you announced in december so we will get back to that assess the story as you heard ray discuss in terms of of traditional banks the ability to react to a slowdown, at this juncture. >> ray made very important distinction between structure and business cycle i think that is important. structurally interest rates most western world as we bounce back from the -- you know financial crisis, were very low very long, markets got used to that i think actually rates for at least for the better half of the last five years are have been too low for the environment economic environment we have been in ray mentioned the other point congressional banks waited very long time keeping rates low, because they were not

as the u.s. and china returned to the bargaining table. >> both sides said there was progress made. >> a long way from conclusive and final trade agreement. anchor: more signs of a tech slowdown. tesla breaks ground on a factory in shanghai and the u.s. government shutdown drags on. >> both sides doubled down and dug their heels on their current strategy. >> fomc releases minutes on where policy is heading. >> we are trying to get to the point where we are very consistent with our dual mandate. rosalind: plus, are the markets overreacting? reasonable people can disagree. >> we do not see likelihood of a recession anytime soon. >> the risks, things can get ugly. rosalind: that is all straight ahead on bloomberg best. ♪ rosalind: hello and welcome. i am rosalind chin and this is "bloomberg west," your weekly review of business news and analysis and interviews from around the world. let's start with a day by day look at the top headlines. on monday, investors found reasons for optimism as u.s. and china delegations began talks aimed at resolving the trade impasse. >> u.s. and chines

luxury carmaker could announce thousands of job cuts, as it battles brexit, diesel decline and a china slowdown. plus: fear and loathing in las vegas. why the odds are stacked against chinese players at this year's us tech fair. and on the markets, hopes of a truce in the us—china trade war still boosting wall street, helped by a a more doveish tone from the federal reserve in terms of further interest rises. asian shares taking a bit of a breather, though, after three days of gains. it is one of the icons of the british car industry, and it has enjoyed a new era of global success under the ownership of india's tata. but, over the past year, the road has got decidedly rougher forjaguar land rover. later today, we will find outjust how rough when it releases sales numbers for 2018 and its plans for the coming year. workers fear that could mean substantial job losses. the company announced a restructuring plan last year to save $3.2 billion in costs. 1,000 jobs have already been cut at plants in the uk, with reports that 5,000 more could go. a slump in diesel sales has hit the company

top story on thursday 3rd january. at the core of apple's problems — slowing sales in china and fewer people updating their iphones. also in the programme: as democrats take control of the house of representatives, what will be the implications be for president trump's economic policies? the market are opening in europe and it is not looking particularly good. and — what covers you up, can give you control, but can sometimes ladder and roll? we are talking about tights. we have the boss of an underwear company, which has tapped into the multi—billion dollar hosiery market, with brand—new tech. they believe it will change how you dress. today, we want to know... as apple lowers its revenue outlook for the first time in two decades, we want to know, have you got tech fatigue? is the next smartphone just not exciting enough? let us know. just use the hashtag bbcbizlive. hello and a very warm welcome to business live. we start with a question. is the phenomenal smartphone era — a period which made apple the world's richest company — now winding down? well, the tech giant has rat

. maybe it is the china trade a story that will impact the wallet more than the shutdown. >> you saw how much the market is paying attention to that based on the move yesterday in the market, when you had the walk back but there could be the lifting of chinese tariffs. now morgan stanley is out, basically saying when you look at the pain in china, pain in their consumer spending, they are starting to say that that could spill over into sentiment elsewhere outside of china, in europe and into the u.s. that is the main concern. that is exactly why the market is reacting so fiercely to any positive news that the china trade dispute could be resolved. guy: the timing was fascinating. yesterday, just on the 50 day moving average for the s&p and it provided the catalyst to go through this. how critical are these levels to the longevity of the rally that we could see? >> it is critical. you mentioned to some of the technical levels, not just in the equity market, but you mentioned copper and commodities into some of the equities, of course, in europe, like the dax. that will have a huge imp

on tonight's program, china's economic engine slows down even further. how that could affect global growth. >> the backstop still remains the major stumbling block for deal. 's brexit the backstop is a kind of insurance policy that,he under rime minister's proposal guarantees there will be no return to a hardn border betw northern ireland and the brexit.'sfter but unpopular among brexit-eers. here's more. out.oods in, goods keeping things moving is the aim. >> people can have their goods delivered tomorrow. the same day. >> that could change? >> it could obviously change, yes. > it uld be new checks introduced where they never existed before. sure anything traveling complies with e.u. rules. > there will be more customs involved. more customs clearance involved. the goods could be delayed. nything up to an extra two to three days. >> this plan has many opponents n westminster, but the irish government in the e.u. insists there is ndeal without it and here's why. if the backstop wereki t in and there were new checks at could te border here it mean goods could travel south withouee th

global economy. could slowing growth in china squeeze the outlook for the whole world? the risks remain. it will depend a lot on what happens with the trade talks. theresa may outlines her plan b for brexit, but critics say it doesn't go far enough. i'm babita sharma in london. also in the programme: the diplomatic stand—off between china and canada. dozens of former diplomats call on xi jinping to release two canadian citizens. and we'll bring you the story of how peppa pig inspired chinese twins to request a visit to see queen elizabeth. good morning, it's 9am here in singapore, and 2am in the swiss alps, where the world's rich and powerful are gathering in davos to set their financial priorities for the year ahead. but uncertainty plagues this year's world economic forum because of news out of china. the world's second largest economy has grown at its slowest rate since 1990, and the imf is now warning of a fall in global economic growth. our business editor simon jack reports from davos. china's rapid economic growth, its expanding role in global trade, and the increased spending

geopolitical environment that china is in and also the debt to gdp ratio. i don't think the usual expansion of monetary policy and getting out of this funk -- i don't think they can do that anymore. it has to be more fiscal. a bit more macro credential. hehink that is probably what is talking about. it is a new world and a new environment. >> what is the key for investors? >> welcome to china. i think things have obviously slow down. i think companies has collapsed. especially in the private sector. capital is a problem. i think they have made a few changes in terms of the diplomacy. i think the deleveraging is now coming to an end. i think the defense competition with the u.s. will go on for a long time. it is not the trade war. the trade war is one minor component of this competition between these two countries. i think the deliberate hillary --the regulatory rollback the tightening of the sector, hopefully that is coming to an end. 10%.arnings are up about these stats are probably reversing. that is probably a good thing. this is a question and almost not a question. if you loo

meeting with the vice premier of china on this two-day series of trade talks. we don't know how much progress has been made. the president has been very optimistic. how much does that factor into your view of the markets? john first. >> i think it's a massive factor. you just brought up boeing. boeing gets 1/4 of its sales from china. apple gets the third most of its sales from china. starbucks has 3,400 stores on the way to 7,000. mcdonald's second largest market is china. if you make it difficult for the chinese to sell in the u.s., you're putting a bulls eye on the most successful corporations in the world. that will have an impact. >> neil: but if you don't, it's off to the races. >> yeah. we had this discussion on the floor of the stock exchange. and the hopes of the u.s. china deal rallied the dow. down eight points at the end there. there are expectations here amongst traders that there's going to be some sort of a deal. what does the deal look like? to us and to the traders here in this discussion, it's if the president says it's a deal first of all, then -- >> neil: speaking

china, $5 billion. we will dig into the iphone makers results. the cfo of huawei appears in court after new charges filed, while china called on the u.s. to stop the unreasonable crackdown. plus, apple is not the only tech company reporting earnings. we will look ahead at what to expect from tesla and facebook. our top story, apple's first report since tim cook let investors know the company was it -- ists forecast out. shares are up. revenue was higher at $84.3 billion. the number we were waiting for was china revenue, a steep drop-off. apple brought in almost $5 billion less revenue during the holiday quarter in china been a year prior. $13.1 billion versus $17.9 billion in the same quarter last year. to discuss, we have our guests. i have to zero in on china. how bad is it? >> we have seen a couple of macro indicators collapsing the last two months of the quarter. november, december. consumption tax down dramatically. let's not forget that apple was up 16% into q3 last year. we went from going up to down 17% or see her -- 70% or so you're on your. it was a dramatic collapse in china.

as the u.s. and china returned to the bargaining table. >> both sides said there was progress made. anchor: more signs of a tech slowdown to test the brakes ground on a factory in shanghai and the u.s. government shutdown drags on. doubled down and dug in their heels on the current strategy. on where[indiscernible] policy is heading. to there trying to get point where we are very consistent rate of plus, -- very consistent. anchor: plus, are the markets overreacting? >> the risks, things can get ugly. it is all straight ahead on bloomberg best. ♪ anchor: hello and welcome. this is bloomberg best, your weekly review of business news and analysis from around the world. let's start with a day by day look at the top on guns -- had had -- top headlines. talks aimed at traded. reporter: u.s. and chinese officials begin face-to-face trade talk today. it began sense present trump and president xi announced their 90's standstill. with six weeks ago, they have a lot to sort. >> the fact that china's top policy advisor arrived early reinforces the idea that the chinese are taking these talk

the trade in china can the top two economies find a way out of a trade war. i take household help those are all the rage as we take a sneak peek at the consumer electronics show in las vegas. and hold it a week scramble the makers of the scotch whisky fear break that will kill kido day global business. and big fizzle and let's do business it's tense times for traders around the globe what will twenty nine thousand bring could it be the beginning of the end of a trade war that's been rumbling on for almost a year now negotiations to smooth over the u.s. china trade happening now in beijing this is the dispute that saw u.s. president donald trump announce tariffs on chinese steel and before adding several other products later in the year china is america's biggest trading partner and exports more than fifty billion dollars in goods that's a huge amount so far washington is threat to slap tariffs on chinese goods with around two hundred fifty billion dollars china has also retaliated o.b.o. to a smaller scale because the u.s. exports fuel goods to the country it said it could impose

we saw the indices at these levels. some optimism here was because china was saying listen, we are willing to actually put the trade deficit down to zero by 2024, but then the white house said we might do an executive order possibly against chinese telecoms. we will see how that goes into the asian trade day. sophie later on today in about three hours time, four hours, we are looking at chinese data coming out. sophie: that is the highlight of the date when it comes to the eco-agenda. seeing aay we could be start looking positive for asian stocks. we see a pop of 1.4% at the nikkei at the start. china offering to go on a six-year buying spree of u.s. goods, helping to buy some relief. in australia we are watching for it the u.k. post-brexit. folks will be anxiously awaiting on a china data dump due out at 10:00 a.m. hong kong support -- hong kong time. ahead of that we have the offshore yuan posting its biggest drop in two months. trading flat ahead of the data dump later. the aussie study after halting a three-week winning streak. yen holding against the dollar after the first wee

that's a big question for investors. how much is a macro economic problem around the trade war, china slowing, lack of visibility and how much reflects questions about innovation and the fact that the iphone was a -- >> maturing product and macro and no visibility. that's the combination >> that does it for the closing bell. >> a lot to talk about. >>> "fast money" picks up our coverage on this apple news right now. >> guys, thanks so much. "fast money" does start right now. live from the nasdaq market site overlooking new york's times square i'm scott wapner in for melissa lee. tim seymour, gia dam my. moments ago apple warning on the first quarter results. the stock is falling sharply after hours. our josh lipton is at apple headquarters where he just sat down with tim cook stunning news to say the least, josh >> reporter: yeah, listen, stock. the q1, as you noted, the stock dropping hard. now calling for revenue of 84 billion. they had guided for 89 to 93 billion. i had the chance to speak exclusively to tim cook about the guard ter, the guidance. >> thank you so much for taking th

headquarters in new york. carol: in this week's issue u.s.-china trade talks front and center. jason: the magazine has several stories enter into a relationship with big tech and its impact on the digital economy. carol: on the cover the technology giant, we're talking about zte. jason: can paypal survive on its own. carol: recession fears, it isn't inevitable. jason: but there are some things that might crush this u.s. expansion. carol: we put a up with -- we caught up with economic expert peter coy. die and why do they end? right now, you've seen since october the stock market has come down quite a bit. people think the good times will stop rolling, yet on friday we had a great jobs report. how can people be talking about a recession an at the -- recession and at the same time, you have all evidence of, current indicators are quite strong. >> because one of the arguments there is that's a lagging indicator. the stock market is forward looking, sees around the corner, and here's what c.e.o.'s and others are saying, good times may be running out. what do you hear? >> that's tr

—china talks in beijing, where stand the trade hostilities which overshadowed the global economy throughout last year? in 2019, is this trade war to be hot, cold, on or off? my guests this week —?agnes poirier of news magazine marianne. isabel hilton of the website china dialogue. thomas kielinger, author and long time correspondent of die welt. and john fisher burns of the new york times. welcome to you all. agnes, i'm going to start with you. theresa may is famously resilient and the past week has been yet another stress test for her. the government sustained two defeats in the house of commons, and dead on delivery was the verdict on her withdrawal bill, even from many of her own mps. but nothing daunted, the prime minister has mounted a last ditch campaign to win over political enemies. should we call this determination and admire it, or call it desperation and pity it? and what's mrs may's next move if, as widely expected, her bill is defeated in the house of commons on tuesday? agnes, i said i was going to start with you, and i am. is a determination we should admire or d

u.s. china trade war and france's yellow vest movement hits factory data. >>> and chinese shares gets off to a rough start after the first contraction in pmi in 19 months. >>> and in italy, banca carige's ceo and chairman resign as the ecb appoints temporary administrators for the troubled lender >>> eurozone pmi numbers for december, it looks like the final manufacturing pmi came in at 51.4 for december that is against expectations of 51.4 matching it and slightly lower than the november number of 51.8 the output for manufacturing was at 51. that again matched expectations and was slightly higher than the november number at 50.7. the future output pmi came in at 56, against expectation of 56, lower than the november number of 56.3. >>> and european markets have now been open for just over an hour it has proved to be a negative start to 2019. this after the tumultuous finish to 2018. we can put these numbers into context shortly. i want to look at early trade. we are seeing steep losses across the regions every in italy, the ftse mib is down 1.8% in early trade the worst performer of

you why china is transforming skylines here and backing a government that's becoming increasingly isolated by the west. and time greats proves just a number of the world title fight. democrats are rejecting the offer to break the deadlock over the longest government shutdown in u.s. history the president is offering action documented immigrants if he wins backing to build a border war with mexico democrats say his compromise offer is one sided broad rials has more from washington. with the government shutdown dragging toward the one month mark president trump offered democrats a deal give him five point seven billion dollars for his border wall and he'll lift the threat of deportation for a million undocumented immigrants number one is three years of legislative relief for seven hundred thousand dokken recipients secondly our proposal provides a three year extension of temporary protected status or t.p.s. . the immigrants trump referred to are young people brought to the u.s. illegally by their parents as children known collectively as the dreamers and non-citizens from countries

literally but geographically it's chris johnson, china studies. many of you know him for his expertise on developments. and then amy sea bright, who runs our southeast asia program with expense in the pentagon the department and a i.d. rick ross oh, who runs the india project here. and provides detailed analysis. and then the -- so we will look at leaders in these countries, a little bit for japan. and let's get started. so the first question on this panel, is coming into this year, it's a rough year for u.s. allies everywhere. coming to this year, looking at asia, which of the following alliances and partnerships is going to be in the biggest? this is with the united states. it doesn't -- we are not saying whose fault it is. where are we going to have the most difficulties? with the philippines, south korea, japan, or taiwan? okay. all right, sue. what is going on? what's going on in washington that we should be worried about? or do you disagree? >> i agree. i think this says a lot about how we feel about north korea's prospect. if we think that the next summit is going to go well, maybe