rebound ineing a china on the open. driving the25 gains, seeing the regional index hold onto those four-month highs. it is holding at its highest level since february 3, and we are seeing that stronger crude price help the australian market as well. speaking of australia, south32 has come to its numbers, now saying it has eliminated its a debt and has a positive cash flow, up 3.5%. a 11.4%ers sales up by on the quarter, and santos among energyains players. here are some of the big losers from the session yesterday in china. rishaad: taking a look at oil producers, now failing to se seal those output talks. soared in the run up to the fruitless meeting last week in. news joins us now from singapore. help us break down this rally, if you will. >> sure. back in january and early february, speculators had built up huge bets that oil prices were still going to fall. something like 200 million barrels worth of bets. when russia and saudi arabia freeze,his idea of a those traders got a little worried and thought that if these

a slowing demand story out of china. transcripts from malaysia and parliamentary hearings indicate the prime minister could have been involved in decisions on questionable transactions with state funds. +++ directors and the finance ministry as well. under questioning that all matters did need to be authorized by the prime minister. some breaking news is coming through from australia. business confidence strengthened in march. the monthly survey of those conditions jumping to 12. the highest level of business confidence in australia and several months. confidence rising to six. that is double the february figure. the service industry remained to best performer although construction is getting to close the gap. that is a story just coming through and we will be getting some reaction on it. david: not much reaction yet. it is been fairly quiet across the currency markets. we are at dollar weakness this morning. when i show you the map you'll get a sense of what i mean. we are basically trading sideways. on a lot of these m

china say. the moveauaused a diplplomatic stand off and tense moments at sea when vessels from both countries collided. china claims virtually all of the resource-rich soh h china sea, but vietnam and other parties have rival claims to certain areas. >>> prosecutors in taiwan have indicted five people for professional negligence in the alleged shoddy construction of a condominium complex. it toppled when an earthquake hit southern taiwan in february. the quake killed 117 people. 115 of them in the building collapse in a suburb of tainan city. those charged include the former president of the construction company that built the complex. prosecutors claim the company cut corners to save money. they pointed out structural problems, such as insufficient steel reenforcements to support columns and beams. they also said that blueprint screening and construction supervision did not follow regulations. >>> the popularity of costume play or cosplay, is heating up among young people in china. in cities li

china relations. he graduated from harvard college, served with the army in vietnam and holds phd degree from stanford university. his book has been reviewed in the new yorker and wall street journal and we are all very much looking forward to his presentation today on john birch, the life. >> thank you very much it is a special privilege to be here because as christian mentioned, this is where the project started. i really want to take this opportunity to not only thank you for being here but to express my heartfelt thanks to all of the staff of the wilson center, to christian for his encouragement and support for this project and other work, to lee hamilton who was director when i was here as public policy fellow in 2010 and to bob hathaway who's here with us today, a former director of the asia program here at the center. i also want to express appreciation to bill brown who is the person who introduced me to chinese colleagues in the city of shoe joe where john birch was laid to rest. more on that

and tencent in china. we combine that with high quality panel-based information to get the best of both worlds. we get high quality from our historically strong panel-based approach and the incredible granularity that big data sets provide. emily: it sounds a little big brother. are viewers being tracked with consent? >> we are focused on privacy and respecting consumer interests around privacy. we have a privacy officer that receives all our product design. in fact, one of our tenets is we design respect for privacy into our product from the start. if you are a member of the nielsen panel, you are opting in to that service. we think that is important. emily: i presume you cannot track netflix data. everybody wants to know how many people are watching "house of cards." only netflix seems to have that information. to what extent can you track netflix, amazon, and hulu? if you cannot, does not undermine the model because more people are watching shows produced by amazon or netflix? >> because of the growing

that same thing happened in china. china has grown its banking system 1,000 percent in 10 years. it only has 10 or 11 trillion of gdp. what's happening today in the last year they went to 100% lending so you saw in the tier one cities real estate went up 70%. point being, they are going to have a crisis similar to what we had. not the interconnectedness and all the problems the u.s. had with europe. but it's just a cycle. they are in. >> different place in the world than we are in kawstles cycles. they are focused on the symptoms. gary: you called crash in 2008. when you look at china and and t out many times what you see there in terms of the nothing bank financials. three years from now, what happens in china and why does it matter to viewers here who invested in u.s. markets? kyle bass: when you look at emerging markets back in 2008. 15% of gdp. in dollar terms day it's 37%. the emerging markets are important to your portfolio. if you look at global gdp growth and most of that growth is e.m. most of that with south america, russia, brazil. but you want to focus on asia. asia i

anna: in china. manus: in china. in china.y: anna: people have been borrowing. kully: but the banking sector doesn't use leverage as much as we do in the list. the banking sector is relatively helpful, though loans have picked up. we don't believe there's going to be a hard landing in china. when china is growing at 14% gdp, economy around $3.6 trillion, around 2007, now the economy is over $10 trillion. even though growth is slower, it contributes more to global gdp. anna: s&p cut their outlook for china, suggesting they are concerned about whether the orientation of the chinese economy is taking place. are you worried about that move from manufacturing to the services sector? kully: the jury is still out. part of the reason s&p cut its because thelieve -- government will have to put in more fiscal stimulus. take longer. i think s&p suggested six years for this transition to happen. there is competent leadership to deal with the transition. anna: what about your investment strategy? tech and financials? kully: we speak to individual investors. one thing, we spe

overs largest competitor in china. it operates in 400 cities across china with over 14 million drivers. in 150s a presence chinese cities. they announced a new partnership with lyft to take on uber internationally. how do they plan to keep ahead of uber in china? i sat down with jean liu. travel,: chuxing means commute in chinese. we are serving a hundred people to commute. emily: you are often referred to as the uber of china. how do you see yourself? we are serving 800 million people with a variety of, so that gives us a unique business model. from taxis.ion come we do buses. we do china specific products that we can utilize the existing network in a more efficient way. cities in are in 400 china. what is the next phase? jean liu: the next phase is to invest more in artificial intelligence and machine learning. based on the 11 million ride scale, people should not make decisions anymore. it should be machines making decisions. the network will get smarter and smarter everyday by itself it i'm saying that because what

china for many years. there is a controversy about her potential ties to the chinese government. it is unclear, twitter says she is just there to help with ad sales and data. what you make of this? >> a lot of chinese companies are looking to expand beyond china, so twitter and facebook, pinterest are interested. having someone on the ground in china for twitter makes sense from an ad sales standpoint. it is an option if facebook did get into china, twitter would have someone on the ground to look at what has happened and tried to do something for twitter. emily: are you optimistic that will happen? we know someone was presenting at the facebook f-8 conference. >> i think what mark has done in speaking in chinese, and then he last year he gave a lecture in chinese. doing his job in tiananmen square, he has done a lot to impress the chinese government and chinese internet industry leaders. emily: really, i have talked to analysts that say it will never happen. >> never is a very strong word. i think certain

in china, it is a mirror image. didi is the dominant player, and will continue to be the dominant player. uber has built a good business in china, but they are definitely the number two. we are investors in didi and we think the prospects are bright for the company. emily: you see a winner take most market in ridesharing? glenn: you tend to see that some of that, and that is why we are excited to be the market leader in china. being the leader in those types of businesses is very important, and that is what we try to focus on when we make investments. emily: that was glenn solomon, managing partner at gvv. up next, keynotes at the facebook conference, including a virtual reality headset. is that enough silicon valley in one sentence for you? my interview with facebook's cto mark schroepfer on their future ambitions, next. later in the show, it may be the most exciting business, but it is also the most risky. we spoke with jackie reses. ♪ emily: facebook held their developer conference with ceo, mark zuckerberg, ta

including with china. second, you asked very appropriately about enforcement and congressman sherman brought up a very important point a moment ago, some of the concerns that we've had with past trade agreements, i think it's a very well taken point. unlike previous agreements, tpp actually includes, a clear rule on rules of origin. we want to make sure that parties that are not part of tpp can't go to another country, have a few things done, and then have the product benefit the tpp rules so for example, china finishing something in vietnam, that's why we insisted the rule be part of the effort. but it has to be implemented. and everything else has to be implemented. that's why we've asked in our budget for a significant portion of resources to go to implementation. we want to make sure it's done seriously. finally i agree with you that look we can debate the economic merits of tpp. and no trade agreement is going to be perfect. i think the larger challenge we face is 95% of consumers live outside of the

in china. china is becoming a real market for us. as recently as when we were selling ray donovan, we sold it there for pennies and now, there is a real real interest. it is the first major sale we have made in china. it is significant. emily: can you win the world without china? can netflix dominate without china? david: china has always been a terrible market for american television. piracy is rampant. you know, the movie studios figured out how to do stuff in china maybe five years ago. now they are making real money and i expect there to be a lot of growth there in the next five years. and i think we have spent a lot of time talking about china. emily: what about apple? what do you think is apple's future in television? ♪ emily: how did you get to hollywood? david: i just drove here. emily: in a volkswagen beetle? david: in an oldsmobile. my grandmother's oldsmobile. i came out soon after college. it was actually when i was in scotland. i was in glasgow and i fell in hard-core film geeks who would have given their right arm to

and something china's never seen before. star culture. li bing-bing has been described as china's angelina jolie. >> it feels as if the movie industry here in china is getting more and more like hollywood. >> the speed of the development. you can't imagine. even for us. >> reporter: it is changing so quickly. >> so quickly. you don't react. it has already changed. >> reporter: and transformed into a multibillion dollar industry. chinese studios produce over 600 features a year. action movies. sci-fi. thrillers. behind them is a group of pioneering movie moguls. like dennis wang. he once worked as a chinese food delivery man in new york. and is now chairman of the hui brothers one of the largest studios in the country. the movie business has made him a billionaire, a capitalist with chinese characteristics. last year he spent $30 million on a picasso which he keeps in his pocket and in one of his other homes. so that's the picasso. and you bought it from the goldwyn family who owned mgm studios in hollywood. so it is not so much a passing

it has enjoyed surging sales, am am amid china's travel but it's not easy for people from mainland china to obtain tourist so what is behind this passion for traveling abroad? the various motivations of chinese tourists, reveal much about modern china. in this episode of asia insight, we follow a day in the business of shanghai's most popular travel agency. in the cold of january, preparations are underway for the chinese new year this is shanghai's most popular shopping district. and this is a branch of spring tour. a staff meeting before the shop opens. sales strategies being discussed, because the chinese new year holiday is one of the most profitable seasons of the year. it's 9:00 a.m., and the doors open for this customer looks as if he has been waiting for the shop to open. and here is the next customer. this man runs a construction materials company. but times are hard due to a slow down in the real estate industry. in 1997, china lifted the ban on overseas group trips, but this family did not have the time or money to go on holiday, until they the trip to the united states will c

haven't been to china. as tough of our president's in box may look, i am sure the leader of china xiajing ping would trade in boxes in a new york minute, so to speak. we have our political problems, but i've heard in the course of my career, i've heard several times where people were counting out the u.s., used to be for economic reasons. now it's because of our nasty politics. i would not want to be a u.s. diplomat overseas explaining the context of some of these discussions as this go on some of these debates. tweer going to have to kind of straighten up a little and try to work this through. i would certainly start by supporting what jessica said, which is we' got to sort of get our internal political things straightened up. there used to be politics that politics stops at the water's edge. i think jessica was very kind when she only mentioned three examples of undermining the president. there are about 300 of them. we have only one president. why do we sometimes look weak in the world? it's not because

look at what china's doing in the south china sea. they're not supposed to be doing it. no respect for this country or this president. we can both benefit or we can both go our separate ways. if need be, that's what's going to have to happen. after i am elected president, i will call for a summit with our nato allies. and a separate summit with our asian allies. in these summits, we will not only discuss a rebalancing of financial commitments, but take a fresh look at how we can adopt new strategies for tackling our common challenges. for instance, we will discuss how we can upgrade nato's outdated mission and structure grown out of the cold war to confront our shared challenges. including migration and islamic terrorism. i will not hesitate to deploy military force when there is no alternative. but if america fights, it must only fight to win. [ applause ] i will never send our finest into battle unless necessary, and i mean absolutely necessary, and will only do so if we have a plan for victory with a capital "v." our goal is peace and prosperity, not war and destructi

now you do have a more pro-china or china me -- china friendly newspaper. it is good to have both. emily: what are you telling private market companies in china about the environment? are you telling them to do anything differently? >> we love what internet has been doing in china and the changes it has brought. almost all our investments are internet related. as some continue to grow and serve customers well and take advantage of technology and the efficiencies you can bring. we are happy with our portfolio in china. emily: are you talking about unit economics? >> we have to. we do look at that. we invest in sectors. for each sector we have metrics we track for the portfolio. we benchmarked them against sectors. we look at how well they are doing as far as lifetime value over a 12 to 24 month period. we look at its numbers and give them advice accordingly. most of our portfolios have been healthy. we are excited about that. emily: there has been a lot of volatility in the public markets here. but that has sort of stabilized. though we're hearing about startups having trouble raisi

positive or negative whether you are looking for growth in old china or new china. we got industrial output higher. chinas supposed to be a -- we did get higher retail sales as well. how do you rate reorientation of the chinese economy? valentin: it is not supporting the case that the chinese authorities were successful in encouraging rise toward rebalancing. it has to fall back onto the old economy to sustain the recovery. really quite interesting and what is concerning is early in the week, the export data was quite strong. it is difficult to reconcile of the data. its main trading partner. the old economy matters for a lot. the question is for how long can that recovery be sustained? pick -- how long do we wait for the new economy to take the baton? -- this is the new economy in china. the relative sizes are out of kilter at the moment. valentin: that is what the release is confirming. marketsplaining why the are not enthusiastic about the release of the chinese economy. stilltely the slowdown is going to continue from here. anna: balentine, stay with us. we're g

can do in china and india is unmatched. there,lion people live about one third of the world's population. there are few great universities and a thirst for education. emily: bachus to the steps. -- walk us through the steps. the cost? the amount of students? >> the goal would be 1.3 billion students which would be a lot, but even 100,000 would be very intense for us. emily: there are 8 million developers working in china. you expect that number to grow to 15-20,000,000 by 2020? -- are you 50,000,000-20,000,000 by 2020, how are you expecting to do this -- -20 million by 2020? how are you expecting to do that? -- >> we had a great reception and china like we had in silicon valley. the put $100,000 on the table for the winning students. content andbuild projects, but place students in jobs. emily: alibaba? >> we are talking to everybody. emily: everybody would like to expand in china, but there are challenges. what were the challenges that you had to overcome? has beenggest so far to get the infrastructure working. there is a

they're demonstrating their alliance to counter china's assertiveness in the south china sea. u.s. defense secretary ash carter will arrive this week to watch the exercise, underscoring its significance at a time of heightened tension. troops practiced a beach landing on an island with the philippine military taking command. the name of the annual drill means shoulder-to-shoulder. the two countries agreed last month to jointly use five philippine bases, including one near the disputed spratly island in the south china sea. china has reclaimed land in the region, and constructed airfields and port facilities. it claims almost all of the south china sea. but several asean countries, including the philippines and vietnam, also have claims in the area. >>> and that wraps up eye on asia. >>> many people in northeastern japan are still not able to go home five years after the earthquake, tsunami and nuclear accident forced them to evacuate. one of them is a filmmaker from where part of the crippled nuclear plant is located. our next story shows how he's struggling to find the best way to

with the china international capital that is chinese. >> i'm sorry excuse me. in the interest of time give us the highlight we're about to lose quorum. >> you met dr. lee in march of 2014. >> so overall a great track record and numbers we go e note that the returns the memo using the standard funds fee structures and negotiating stable terms in terms of range like i said they're a climate more growth and value and returning investor they have great exceptional performance and great benchmarks and the assault weapon is one of the strongest market we'll caution their backward is more their roots are in high net onshore this brings their - he started with stanford and spring with a high net individual, however, over time because of their strong development and changes to regulations in china they were able to have the clients and have a large base i spoke with one of the largest single clients today a major pension their comfortable with the infrastructure in place and helped within of the first investors in 2012 and helped out the trading system and built out the

inside china. and a lot of people, they can't get the cutting-edge technology, which we don't teach in college at all. so the human resource problem and the manpower problem is more and more -- getting more and more serious here in china. >> because everyone's going to the silicon valley? >> they offer better. obviously. oh, here are the -- >> these are the famous ribs? >> yes. >> maybe the number one thing that the seriously food-crazed traveler coming back from shanghai will tell you to eat other than the soup dumplings, of course? zeran paigu. or simply, cumin ribs. ♪ it takes two cooks working at once to make this dish. one deep fries the ribs in hot oil until just right. another toasts the ginger, cumin and other spices in a wok. and then in go the ribs. and if you are a devotee of what's called wok-hei, you sit as close to the kitchen as possible to capture that elusive fast-dissipating breath flavor of the wok itself. toss them around, coating those bones with all that good stuff, then ser

analysts s say persistent conces over c china are the reasason. companieies also see the recent stronger yen lowering the import prices of raw materials. >>> let's get a check on the markets. the nikkei average finished lower as a stronger yen weighed on investor sentiment. giang nguyen has been following the moves from the tokyo stock exchange. >> the stocks moved without clear direction. u.s. added 215,000 jobs in march, better than expected, but didn't fundamentally change the fact that the fed would move cautiously in raising rates. that's keeping pressure on the dollar. the stronger yen weighed on stocks especially those of exporters. let's see the closing levels for monday, april 4th. the nikkei finished a quarter percent lower at 16,123. the first straight session of decline. the broader topics ended 0.1% higher. mazda felt one of the biggest drops. 5.of % lower. alps electric down 3.3%. sharp rose 4% following the signing of a takeover agreement with taiwan's hon hai industries over the weekend. the dollar weakened further against the yen.

china contained 80% of the south china seas. the reopening of the brussels airport is being hampered by police demands for more security. authorities are still hoping that passenger flights can resume on a limited basis this evening, more than a week after the terrorist attack. brussels police union is demanding texts of passengers at the entry of a temporary check-in area. meanwhile, the u.k. will put more police on the streets to fight terrorism. britain's prime minister, david cameron, says about 1,000 more police with guns will be deployed, that's about a 15% increase, but they'll be given 40 new armed response vehicles. economists predict the u.s. economy added jobs last month. the monthly report out at :30 eastern. a survey of economists forecast the british economy will lose workers and gain efficiency with the start of higher minimum wage today. it was boosted the equivalent of $10.35 u.s. dollars an hour. companies will invest in technology instead. news 24 hours a day in more than 150 bureaus around the world. tom: bec

china eastern airlines also a solid performer. and atlas iron in australia has ended its share holder meeting to discuss restructuring. it is up 9%. those solid gainers, a downbeat day in the region. lossesseeing those continue on the open in hong kong and in china, similar to what we saw on global equities on thursday. rishaad: mitsubishi motors plunging again, 12% this time, having lost a third of its value. a 40% fall back so far. fallout from this few efficiency scandal is now enormous. there are signs it will get bigger. onlytsubishi is not the one. we have been talking about volkswagen for a while. the regulators are clamping down , rightfully so, because the emission standards are becoming more stringent. rishaad: they did not even ,onform to current standards but they conform to 2000 three standards. -- 2003 standards. already many cars are fuel-efficient compared to the rest of the fleet, so they are back to 2003 standards, but at the end of the day, they are still fuel-efficient and him it less pollutants. rishaad: what

big day for china. a flood of economic data due in 30 minutes, likely to see this lows pays of quarterly growth in seven years. even know, we may see signs that the slowdown is stabilizing. we have a look at that what we looking for here? >> maybe a slightly better number. growth has been better than expected, seeming to stabilize over the last couple of months, positive on real estate. better numbers on inflation, , economistsl told are looking for a 6.7% read. i think the mood at the moment is things are stabilizing, even if just in the short-term. rishaad: stabilization is what we are looking for, but the questions will be raised about the veracity of the data. economists will be all over it. all we can do is look under the bonnet. let's see how services are traveling, how consumption is moving on, how much of growth has been driven by fiscal spending. rishaad: retail sales are also out, and we should get some lending figures, too. >> if we see a big uptick in lending and loans, that would be assigne

tom mackenzie is our china correspondent. marchprise rise in the purchasing managers index for china, 50.2. the survey had been 49.4. that is what the forecast had been. it follows seven months of contraction for china's manufacturing sector. it will be a positive for the government as well and the pboc. we heard there was going to be a fiscal stimulus. of thates on the back increase in the services pmi and follows the positive run and chinese stocks. it is not just investors. where seeing impact in the manufacturing sector. -- we are seeing impact in the manufacturing sector. government expecting 1.8 million people may have to be laid off from state owned enterprises. we have seen falling demand as well. that has eased off for the first time in seven months, an increase in the purchasing managers index of chinese manufacturers. rishaad: thank you. we get reaction to all this out of china and hong kong markets as they get set for the trading day. we get the open proper and half an hour. the opens in singapore, taiwan pay -- t

china had some data out overnight. the biggest surprise was the surge in new loans. >> this chart shows aggregate financing. expectationghlight and reality. what we saw in aggregate 2.34 trillionaled yuan in march. this is a credit helped home sales jump a 71% in march from a year earlier. a real estate development surge was 6.2% in the first quarter to get the property market a boost. on the one hand, this jump in could bet -- credit seen that the stimulus is working. on the other hand, it also raises concerns about the durability of this recovery. how much is financing propping up zombie companies? how much is china relying on data for growth. the imf in its latest report trilliona may have 1.3 dollars of risky loans with potential losses equivalent to 7% of gdp. it is that bad a data that is one of the things at the center of the debate about whether china will continue to drive global growth. thank you very much. up next, a look ahead to a super sunday. two major market moving events are due to take place. but will

emily: so apple has made huge investments in china. tim cook made many trips to china. of course, mark zuckerberg has been learning mandarin. he's on the board of beijing's university. do you see a point in the future when the chinese government will ever change its attitude towards u.s. technology companies? paul: not in the near future. not even probably in the medium-term future. it's really not in their interest to, because while they are happy to have these companies selling product, at the same time they would love to see a domestic industry grow up, with companies at least as powerful and profitable as facebook and apple, so they will always ride the fine line. there is a tension between allowing companies to export products into the chinese market, and allowing domestic companies to innovate and imitate on top of what those companies are doing so they can build a larger and stronger domestic technology industry. that's not going to go away until china is truly a first world economy. emily: alex, what are you watching for in apple earnings? we talked about produc

and the trend is going up everybody is talking about the rise of china and the power of china. is u.s. government prepared for a declining china and what happens south if a chinese citizen is a tired of the chinese government to give away a blank check to the african governments and the money to everyone else but solving the problem domestically? is the government prepared and how could react to that? >> no. [laughter] i agree with the premise of your question turning it is this enormous thing and they're more concerned about the trend you are talking about and then by the way weaken the chinese economy is in just cited to suffer but other countries i would also be concerned if china guided to the position to really talk about dash demographic trends would use the rise of nationalism or a government trying to get more favored? and try to be even tougher with its neighbors or vietnam? so i think if you raise important issues but i am sorry to say i don't think too many people are understanding best war following it we need a much more comprehensive approach to china and be caref

china's ambitions in the south china sea, obviously. china is not in the g7. rishaad: there are six claimants , and none of them will be there. >> but china is letting it be known that it is not happy with japan and the united states pushing this agenda, perhaps overshadowing some of the bigger issues. the foreign minister of china over the weekend saying, urging g7 nations not to hype the south china sea issue. they have a lot at stake, so does china. china has a ready built airstrips, radar installations, a lighthouse. it is basically laying its claim to that area. rishaad: thank you very much. take a look at some other stories making headlines. ada falling to its lowest in five years due to weak growth out of the asia-pacific. net income figures are down 27%, below expectations, $376 million. missingry retailer profit forecast in 11 out of the past 12 quarters. they say it is impossible to make earnings projections this year. alibaba's latest move, joining a buyout to reinvigorate moves by chinese companies to complete $39 billion of u.s. buyouts. tocompani

of a hard landing in china. the bad news is the yen. it keeps getting stronger. let's look how the nikkei and topics are thursday morning, april 7th. both indexes in the negative. 15,656 right now for the nikkei. just a reminder it fell for the seven straight day for japan's economy, and any encouragement that en vest tors needed seems to have faded, even as the shaisheng, overshadowed by the yen strength. crude oil prices, jumped over 5%, and wti rose by almost the same amount. outp output ceiling by major producers. the stronger yen seems to be dominated. ai. >> they just keep buying it up, they seem to be looking for some sort of safety. what can you tell us about key currency pairs this morning? >> exactly. let's look at the dollar/yen, 109.59. risk aversions is really pushing investors into safer assets. uncertain about global growth and facing a slower pace of rate hikes in the u.s. and have few clues as to whether the bank of japan will add any further monetary easing boost japan's economy. the recent tre

carol: china, included? china, brazil, turkey, the more cyclical ones. and china has been a part of the information you have seen in china is beginning to come through into the profit story. profit andalso the earnings story when it comes to europe, as well. ben: yes. i think europe is the one way globally right now where we see the possibly of an upside. right now, different than two. carroll: all right, thank you. the global equity strategist at hsbc joining us on the tuesday. coming up on bloomberg markets, major cruise lines travel all over the world, but now, one is entry into a brand-new market with brand-new interests. ceocarnival cruise line arnold donald will be here, and a change in the customer loyalty program. how much for the changes impact traffic? we will take a look at that, and we will talknt, china/u.s. relations to former ibassador gary locke, and shot in washington, where house speaker paul ryan is expected to speak at any moment. he is planning to officially ruled out any it for the presidency. the highlights on bloomberg television,

prices china property coming on the bottom of the hour when hong kong and china open. yvonne: thank you. our top story, the pressure on, oil prices on the slide after the collapse of the output talks in doha. what now, david? no deal. if iranpec saying that is not going to play, we are not going to play. there was a reasonable amount of optimism built into those talks. the discussions took more than 10 hours longer than planned. the oil ministers walked away with nothing. the meeting was pushed back a to hours after the saudis the surprise of many present byered its position insisting iran be part of the deal. attend ated not to the last minute and had said it would not be part of any deal. russia's energy minister, not hiding his displeasure at the change. also the host minister, where do we go from here? think we have not reach those expectations we had when we prepared this meeting. how could a country that did not in the meeting be the result for no agreement? this is the position of the largest producer, saudi arabia, and they think all opec member should particip

richard: i think it will be china. been relevant to currency markets, and that is the expectations to the fed has come through. we will get a cleaner read today. there is still a lot of doubt about how the upswing in china is stabilizing. the numbers this week will set expectations for quite a few weeks going forward. angie: how does the stable renminbi help that? ishard: i think the renminbi a byproduct of growth expectations. we had week expectations over the course of last year, coming late december, early january, and that was associated with a weak currency. since then, we've seen growth expectations having to come up as the data has been better, and also there has been some influence by the rising commodity prices, and that is contributed to a more stable currency. g7 kicking things off in tokyo, how much is the yen going to be a topic of since, especially everybody is looking at 105 as the point for intervention, something that japan has been told to not do? this has been a global agreement here. look, it seems

china's economy is beginning to slow down. ofn suddenly may be because also areope and japan experiencing slow down of their economies, and that also -- >> at the imf meeting, what would you like to see specifically discussed and what steps you think should be taken by policymakers around the world to revive growth? two atink their are least we have to talk about the imf meeting. g-20 levelso-called policy coordination to address global growth. is that the solutions to improve the global financial safety nets, as you mentioned, that we might rely too much on, the central banks, and that causes financial instability. china.s talk about you mentioned it slow down. how do you see the chinese economy right now, a hard landing, a slowdown, have things stabilized yet? where are they? >> we hope to have a soft landing for china's economy. that is not only my hope, but that is a proper expectation i think. jokingly, i kept saying that we trust with china is saying, and i do believe they have the capability to manage this so-called sof

>> "global 3000" goes to china. the country needs more children to help care for an aging population. and we travel along the mekong in cambodia in search of the last river dolphins. but first, what happens when baby-making becomes a business? the history of in vitro fertilization began just 37 years ago. the first baby conceived through in vitro fertilization. in july 1978, the birth of louise joy brown made headlines around the world. baby-making still requires an egg and a sperm cell. but apart from that, there's now a dizzying array of methods for human conception. assisted reproductive services are a booming business and north america is its biggest market. revenue is expected to double to 17 billion euros annually in the coming years. >> there's life in this tank. deep-frozen fertilized egg cells, early-stage embryos. the ct fertility clinic's main asset. noah's life originated in a tank like that one. his parents paid $150,000 for him, and the same amount again for his brother tristan, two bright and healthy

china markets open in about an hour and a half. as i said there, a bit of a mixed reaction, nikkei in the positive. i correct myself. the nikkei just went into the negative. back to you. >> all right, sounds choppy indeed. ramin, thanks for the update. we'll check in. thanks a lot. >>> we did speak to another expert for his view on the current currency market. >> lower crude prices are forcing oil producing nations to decrease their capital investment. besides, we cannot find any positive factors to buy stocks on the global markets. when risk adverse behavior sets in, the dollar tends to depre deappreciate against the yen. >> around the world, japan's corporation is no exception. company executives say they're predicting huge losses on the exploration projects abroad. inpex, they're putting their losses at more than $330 million. much of those come from oil field exploration in the golf of mexico. the executives have revised downward their earnings forecast for the year through march. they are expecting to post about $236 million i

china claims sovereignty over all china sea islands and the waters. a conservative leader in the house warns publican party leaders not to change the rules to allow somebody other than donald trump or ted cruz to win the party nomination. , jim jordanm caucus told c-span, primary results show republican voters went and anti-establishment candidate. the debate tonight between bernie sanders and hillary clinton comes days before next week's new york primary. hillary clinton is trying to snap a seven state losing streak. senator sanders needs to make up ground in the race for delegates. the latest polls show hillary clinton ahead by 10 points. powered by our 2400 journalist and more than 150 nerves euros, i'm mark crumpton, "bloomberg west" is next. emily: i'm emily chang, and this is "bloomberg west." coming up, the stage is set between the tech industry and the government. this time it is microsoft in the spotlight, doing the -- suing the doj over a law that stops the company from telling customers when the government wants to access their data. how do

we had some china gauge figures. the china economy operation is stable. what we heard yesterday from s&p, downgrading the chinese economy. given the breaking news we had a couple minutes ago, let's check in on the markets. this is a picture for european stocks at the moment. the new quarter was fresh to clients. down 3.5%. investors today really looking to key u.s. jobs data for indications of the health of the u.s. economy as stocks slumping also with oil. oil at 40.03. nejra: china's official factory gauge is unexpectedly jumped, showing improving conditions for the first time in eight months. the manufacturing purchasing managers index rose to 50.2. it suggests the government's fiscal and monetary stimulus is kicking in. meanwhile, sentiment among japan's large manufacturers have dropped to the lowest levels since mid-2013. ng a stronger yen risks erodi governing profit undermining efforts to spur recovery. the tankan index of confidence stood at six in march, declining from 12 three months ago. economists had forecast 8. italy's industry minister has

the movie business is booming across china. shopping malls have popped up everywhere, and with them, theaters. 22 new movie screens open every day. that's right, every day. in the last five years, box office receipts have grown a staggering 350%. it's created a kind of a mass hysteria, and something china's never seen before: star culture. li bing bing has been described as china's angelina jolie. it feels as if the movie industry here in china is getting more and more like hollywood. >> li bing bing: the-- the speed of the development, you can't imagine, even for us. >> williams: it's changing so quickly. >> bing: so quickly. you-- >> williams: and-- >> bing: --even you don't even react, it's already changed. >> williams: and transformed into a multi-billion dollar industry. chinese studios produce over 600 features a year: action movies, science fiction, thrillers. behind them is a group of pioneering movie moguls, like dennis wang. he once worked as a chinese food deliveryman in new york, and is now chairman of the huayi bro

francine: but that's china or is it brexit, or both? >> i think it is china. what they are trying to do is trying to buy time to see what happens with u.s. to message conditions. domestic conditions. they mention the outside world because that gives them away to buy time. earnings are expected to be pretty bad. evenrnings are as bad or worse, that could increase the probability of a u.s. recession around the corner. that would be the thing that the fed is -- francine: are they right to be so nervous? nothing fundamentally has changed, apart from the fact that we are more aware of the risks that have been there all along. bloomberg.com >> despite what he said, it is true nothing has changed. they are right to worry because they are not that far from losing the credibility of the market. everybody is saying they waited too long and now, and jamie dimon said it recently, they might be about to raise rates at when earnings are beginning to decline. you have seen earnings downward for the u.s. s&p at the worst level since 2000 and. -- since 2009. at a time when con

china coming through, at least on this key provision. let's show what china has agreed to. they agreed to ban imports, minerals from north korea, commodities, coal, iron ore, titanium, gold, and additive for steel products, and also rare earths. they will restrict their exports of jet fuel to north korea. china is its main supporter for food, arms, energy, and perhaps most importantly, especially hardlinked to coal, currency. has its own industry, but for north korea come of all its total exports to china, 40% of the total experts -- exports are coal. that will hit north korea and pyongyang where it hurts. rishaad: you've been at the border and seen the trucks going back-and-forth. it's smuggling a big problem here? >> a lot of this trade is allegedly unreported, so there is a lot of smuggling across the border. china does not want to destabilize north korea. they do need basic food items and the like. there is a loophole in this agreement, and it is a pretty big tunnel. trade in these minerals will be allowed, china has agreed will be allowed as long as the proceeds to not

yellowish china station. she is on the left and on the right after it was occupied by the japanese in june of 44, she decided to join the u.s. army and served as a nurse since she was actually in the philippines at the end of the war. she later wrote i was much attracted to this handsome young man with his devotion to china and is burning missionary zeal to say nothing of his charm and appealing southern courtesy. birch worked with radio intelligence teams. here he is right there. this was when he was a captain in the u.s. army. he coordinated bombing missions for u.s. pilots. he and his men assisted with the rescue of downed u.s. pilots, recruited and coordinated with chinese agents, intelligence agents, provided weather reports , gathered in television's information while birch was not in combat it was nonetheless risky and dangerous kind of work, often close to where sometimes even behind enemy lines. at the end of the war, or towards the end of the war the japanese were withdrawing their forces towards th

john: brazil is depending too much on trade with china. issue three, hackers beware. >> my budget includes more than $19 billion for cybersecurity john: hackers. whether stealing personal information like credit card or social security numbers or pilfering the innovative developments of u.s. companies, or copying u.s. government secrets, hackers are waging constant war with the united states. some of these tackers work -- attackers work independently, some for criminal organizations, others for governments like china, iran and russia. president obama responded to criticism that his administration has done too little to counter lookers so he requested $19 billion to defend the u.s. government's information technology infrastructure infrastructure. funds he says are crucial for the nation's security. what is the most effective response to this kind of hacking, more security or more cyber deterrence? there you go, clarence. chasing the hackers is specially complicated because they are always coming up with new techniques and methods so we nee

let's talk about china now. the billionaire says china's debt feel economy resembles 2008..' in 2007 and speaking at asia society event, soros said it should be viewed as a warning sign. hans: the founder of warned about a potential crash in china six years ago. but now he is much more bullish. francineto friend lacqua, he no longer has the concerns. hendry: china does not concern me. i think china has the power to without any catastrophic consequences in terms of having to revalue its currency. i think we are safe. i think china now is beginning to see statistics with demonstrate that. hans: joining us now in london, charles newsom. charles, when you take a look at what you hear out there on c hina, what is your read on this? so much data comes out of china. there is so much we are not quite certain that we can believe. what do you trust and what don't you trust? >> i can't help thinking of late, china has initially wanted to create a manufacturing recovery. and now, it appears to be boosting asset values and property prices, which always begins to worry me. i think one need