>> this is part of tencent's globalization efforts. they invest billions into europe over the past few years and germany is a specific focus because the president of tencent has said that is the biggest market for its cloud business outside of china where it is dealing with a slowing economy and more competition from alibaba. we have seen tencent make aggressive investment with hundreds of investments worldwide. in terms of targets in europe, it will focus on manufacturers and industrial designers but the cloud business is a big focus for tencent. anna: what geopolitical hurdles might tencent face in its effort to invest in europe because we've seen a number of big chinese investments, particularly into germany, raising eyebrows. these are ambitious targets, $4.8 billion into europe in 2018. please targets are significantly higher than that and it comes against a complicated geopolitical backdrop. we have seen germany step up protection measures against chinese investments into germany after the 2016 takeover of a german robot maker. w

tencent is also a very good company. because of the gaming business, it appears to be more vulnerable to government regulations. yvonne: look at its positioning this year. multiple hands i can count the guests that said you go into the chinese consumer -- can you continue with that next year or is it time to rotate? what sectorsk at have explained the return to -- [indiscernible] you have probably lost money in the last 10 years. that is why everyone is holding. these companies represent growth. would expect in 2020 the value to come back. -- of10 years of reading sending a letter to investors every year, it is difficult to think people have not learned from that. and if you look at the past -- there tends to be a reversal. the value could come back. selina: you talked about investors running out of ideas. in terms of looking at broad sectors like tech and health care, where do the best trades lie? >> you mean for 2020? selina: exactly. basically this year everybody loaded up on consumer health care and some of the large

nintendo flips the switch in china, and it is teaming up with tencent. the world trade organisation in crisis as the world shuts down its appeals court. good morning, asia. hello, well. thanks forjoining us for this edition of asia business report. i'm rico hizon. let's start off with the gaming sector, because japan's nintendo is officially launching its popular switch gaming console in china today. interestingly it is teaming up with tencent, perhaps the biggest gaming company in the world. the japanese giant is best known for games and characters like mario and pokemon which are popular in the mainland, but it doesn't mean that it won't be a challenging environment for the company. to curb gaming addiction, children under 18 are banned from playing online between 10pm in the evening until 8am in the morning on weekdays, in addition to regulation, consul gaming is not as popular in china. most people play games on their smartphones. nintendo‘s rival, sony, launched its playstation 4 console in china four years ago but failed to make any headway. earl

brooke: and tencent has a stake in spotify. if you think back to stars like taylor swift who pulled their music from spotify one point, it helps make sure the business continues to run smoothly. david: i want to make a correction -- our producer points out it is a marriage story, not a wedding story. i did not watch it. i did watch the irishman. the third thing we are talking about is the whole sector. health care represents a third of gdp and is something everyone cares about. as we head into 2020, 1 of the big issues facing health care is to what extent what goes on in washington could impact how we take care of our own health. we welcome brian ride who covers health care. let's start with drug pricing. we heard a lot about that on capitol hill. they will do something about that. democrats want to, president trump wants to, will they get something done? they possibly can. 22hink the deadline is may for the budget that has health care specific funding extensions. they want to extend those programs noncontroversial and widely s

in 2016, amnesty international awarded the parent company, tencent, zero out of 100 for their privacy practices. i think there is a misconception that people in china don't care about their privacy. that is completely false. the government has been trying to roll out its own cybersecurity regulations and trying to educate consumers about the dangers of data being lost or the. wechat‘s privacy policy says it will provide the chinese government access to much of what you do in the app when legally required, including things you type, and data like your location. translation: it will not use the data for other products. we comply with local laws and regulations to protect users' privacy and data. it's hard to social apps in china have taken a life on their own in china. going in new directions to competitors in the west. the big question is whether more chinese apps can follow tiktok, going global despite the concerns around privacy and censorship. or, if not, it could be the turn of tech companies in the west to play copycat themselves. hello and welcome to the week in tech. it was th

we have to wait and see what kind of impact this nintendo tencent allies will have in china. onto another important issue. have you opened your secret santa present yet? i have! what did you get? was it good? i got have! what did you get? was it good? igota have! what did you get? was it good? i gota vr have! what did you get? was it good? i got a vr glasses. virtual reality. iam impressed. i got a vr glasses. virtual reality. i am impressed. i i got a vr glasses. virtual reality. iam impressed. i might geta candle ifiam iam impressed. i might geta candle if i am lucky. nice to see you and see you again soon. yes, they are doing secret santa in the singapore bureau today. poaching of elephants and rhino is a major concern in africa but —— they face and instead and far more common form of poaching, snares. these traps indiscriminately maim and kill animals every week. one business is re— forging these death traps into fashion products in order to educate the world about the dangers. snares are also called the silent killer of africa. not a lot of people know about it. if

it was the most actively traded stock in hong kong far outpacing tencent, which has been bumped down to second place as hong kong's most vulnerable market cap. we have abr's in new york rising for a fourth straight day, claiming the narrow premium to the hong kong-listed shares, which could reflect traders looking for arbitrage opportunities. analysts are bullish, 58 buy-holds, to 1 hold. taylor: we spoke to an analyst at the stop of the hour, and they are saying they now have $44 billion of cash on the balance sheet. where are they spending? sophie: alibaba did not necessarily need to raise the cash. they could be boosted to $12.9 billion if the green shoot option is utilized. we could see more acquisitions, perhaps funds could also be piled into fending off competition on the mainland as rivals like tencent, baidu and others to contend with. we have bloomberg columnist tim culpan also claiming you could see perhaps some buybacks, or perhaps they could sit on the growing cash pile. paul: in terms of the buybacks, is there sign that alibaba may want to move closer to home and perhaps

practices. company, tencent, zero out of 100 for their privacy practiceslj company, tencent, zero out of 100 for their privacy practices. i think there is a misconception that people don't care about their privacy. that is completely false. the government has been trying to roll out its own cybersecurity regulations and trying to educate consumers about the dangers of data being lost or the. wechat‘s privacy policy says it will provide the chinese government access to much of what you do in the up access to much of what you do in the up when legally required, including things you type, and your location. —— in the. things you type, and your location. -- in the. and they set we won't use it for other products. we comply with local laws and regulations to protect users' privacy and data. it's hard to deny ups in china have taken a life on their own in china. —— apps. the big question is whether more chinese apps can follow tiktok, going global despite the concerns around privacy and censorship. 0r, if not, it could be the turn of tech companies in the west to play copycat them

tencent could give universal a better access to china. real estate markets in the u.s. showed fresh strength at the start of the fourth quarter. home prices in 20 cities rose at the best base in five months in october. case schillerogic index of property values advanced 2.2% in the past year. lower mortgage rates and a strong market have helped consumers remain upbeat. recreational sales of marijuana inome legal tomorrow illinois. investment firm compass point says that is likely to be the pot industry's biggest catalyst of the year. illinois become the 11 state to make recreational use of cannabis legal. two companies will benefit the most, cresco labs and green thumb industries. that is a look at your business flash update. netflix made more films than any other studio, releasing nearly 60 films, tripling many of hollywood's biggest studios. for more on the ship from built for television to more, we welcome our guest. >> thank you for having me. it was a big year for netflix. they have come into their own as a studio this year. this is a companies whose original progr

interestingly, it's teaming up with tencent. perhaps the biggest gaming company in the world. let's go to our asia business hub where shara njit leyl is following the story. is this something that is going to be is seen in the sing up your —— singapore bureaus in? really, it is china being able to see it abide for the first time. as a result, nintendo shares have risen 3% in tokyo today to 19 month high is because investors have pinned high hopes on super mario and pokemon appealing to consumers. the nintendo switch may have gone on sale with the help of tencent but it faces big challenges in what will be a huge market if it succeeds there. chinese consumers love free to play mobile games. they are not accustomed to playing on video game consoles which is why sony's playstation has failed to make much of an impression. coupled with that beijing has imposed rules that limit how much consumers can play those games in an effort to curb gaming addiction. children under 18 are banned from playing online between ten p m— 80 and on weekdays and there are restrictions on the amo

so many of you have been in touch about nintendo and it teaming up with tencent tencent, they are launching up the new switch in china today but there's a rule with online gaming, online gamers shouldn't be online between 10am and 8am. you've been in touch. we will look at that story in a moment —— 10am and 8pm. hello there. following hot on the heels from the storm here, we've got our next batch of wet and windy weather racing in off the atlantic. it's this stripe of cloud you can see here moving into the west of the british isles. now, earlier in the night, we had temperatures down as low as —4 celsius across eastern england, but over more recent hours as the winds have been picking up in the rain's been spreading in, we've seen those temperatures continue to actually rise. and so by dawn, 9—10 degrees in the west, technically quite mild a start to the day for a number of places in the west. it's mild, but for many of us it's a wet start to the day as well, the exception eastern england, perhaps starting off with some early morning brightness before the cloud and rain works in. an

tencent wants to boost investment in europe. that is according to the tech cloud shape.ean the company aims to great 2000 to 3000 jobs on the continent. its most promising cloud market beyond china. the federal reserve bank injected $49 billion in temporary liquidity in financial markets. the fed conducted operations in the form of repurchasing agreements. one added overnight liquidity while the other added 15 day liquidity extending into the new year. eligible banks -- installment of the star wars movie franchise run in more than wondered $75 million in north america on its opening -- more than $175 million in north america on its opening weekend. it is still likely to be one of the top releases of the year. sales could exceed a billion dollars globally. a billionaire, a billion there. joe: did you go see it? scarlet: i am not into that. i think romain is watching. joe: that is probably what he is doing today. scarlet: we look at his review. he was a little bit disappointed with the reviews on rotten tomatoes. joe: it seems lik

and we like tencent. tencent based on china tariff trade deal, we think the president needs it to get reelected in 2020. i like the microsoft, what they're doing with cloud and more affordable and secure and disney plus is off to a great start. liz: tencent gone down to 42, maybe 40. look at it at 48 bucks. thank you. josh zelensky. [closing bell rings] markets surging into the close. another record day on wall street. #trifecta. of nasdaq sees 6th straight record close. have a great day. "after the bell" is next. connell: another high steaks day on capitol hill. as liz says another record run on wall street. all three major averages closing al new highs. investors basically shrugging off all the impeachment talk. the dow settling up about 136, 137 points. that is the 18th record close for the year for the dow. one other thing pointing out, if you like round numbers, 10,000 points in the dow since election day 2016 at the close. melissa: wow. connell: close of trading today. 10,000 point. food to be with

interesting take on that tencent call. this on the back of jp morgan trimming their exposure to tencent. guest fromus is our credit suisse. the volatility in the chinese theets, despite drama in renminbi, why? , the h-shareina equity market continues to be resilient, although trading at a meaningful discount to the ea-share counterpart. counterpart,re also the msci, the rebalancing keeping a lot of foreign investors interested. inclusion hast , so thisre inclusion marketsing one of the where investors will have to focus. within, consumer consumption sector has been very resilient in china. it is a global phenomenon. showsst recent sales consumers to want to buy, although they may be looking for a bargain. we look at the property market are seeing quarters of restrictive measures hurting the overall transactions, but also some stabilization and bottoming out. that could be another area where we talked about earlier if we see the deal coming through, into thehat will spill more cyclical sectors. >> bouncing off of the earlie

tencent scenes germany as its most prominent market besides china. market -- the two often move in opposite directions. some traders see gold next year at 1550 announced, but some traders suggest 1850 may be in reach. alix: bank of america tops the lead tables for u.s. leveraged load issuance and the lenders have dominated the market for a decade. when it comes to potential carnage from leveraged loan stress, ceo and chairman brian moynihan spoke exclusively to david westin about china stress. the exposure on your books is relatively small, especially given the size of our loan book. if you go way back, we have found the company secured lending on the consumer side is a bigger part of the total lending on the commercial side. that is how you manage risk. you go back to the question of what could go wrong. we view everything could go wrong or anything could go wrong. you manage the risk by having diversification. when you think about leveraged finance, it is not necessarily on our books. the question is overleveraged companies tend to have problems wh

look at tencent jumping 4.25%. gerri willis on the floor of the new york stock exchange, what's going on? what are you hearing about trade sensitive stocks? gerri: this is so exciting. so as you know, stocks index is up 2.5%. the chip companies do a lot of business in china, they are all up. the top performing dow stocks, caterpillar, utx, intel, all big trade stocks across the board. the sectors that are winning, financials, energy and materials. you got to think this is great for the overall world economy, global economy does better with a deal and those are the sectors that are doing better. now, i have been talking to traders down here all day long, liz, about what they're seeing with this trade deal. do they believe it this time. that's a big thing. we have heard lots of times the president saying we're close, we're close, but today, some of these traders are saying this time around, we see it happening. there are a few holdouts but a lot of people are on board and you can see that in the major averages. the d

tencent aims to boost investment in europe to more than $10 billion a year. that's according to the giant european cloud chief in an interview with handles flat. tencent says germany has the most prominent cloud market. that's beyond china. it aims to create 2000-3000 jobs in europe the next three years. traders may be among those who access a high-speed audio feed from the bank of england. that's according to the financial times. it says investment bankers are trying to establish whether traders use the feet. it is subject to a probe by financial regulators, hsbc and jp morgan are declining to comment. and that your bloomberg business flash. anna? gerrans.nk, leigh-ann credit suisse shares flip after a scandal, even as the bank denies having any knowledge of the matter. it is so dominated, the talk of the town in zurich and beyond during 2019. more on that next. this is bloomberg. ♪ anna: welcome back, 19 minutes into your trading day, a weak performance and equity moments, down by a little bit. i just want to bring you a line on softbank, 3 billion-dollar

it concerns tencent. it apparently is planning a $10 billion worth of european investment next year. that is just crossing at the moment. let's see what tencent is doing. another great year for the company. 370 five hong kong dollars, unchanged in the session thus far today. this backdrop of course of hong kong very much in the fray. business as usual. an intense weekend and that included a sidearm. no shots were fired. stephen engle joins us with a look at where we are right now. they were localized, but very violent protests. this is becoming a regular occurrence where there will be a peaceful protest and both sides feel the other side is antagonizing the other. patience has worn thin and the protesters are on edge from what they perceived to be excessive force by the police peered when they came in, when protesters brought down a chinese flag from a flagpole, the riot police came in, as you can see. many of the hard-core protesters threw objects at the police. that officer pulled his sidearm. the polic

pressure is on the prime minister to reduce tencent -- tensions. called rights office fundamentally discriminatory. >> especially after the crackdown that happens at the university and another university yesterday, we have seen that this is not firing to other universities all over india, are we seeing it at colleges in mumbai, colleges in lucknow, in hyderabad? we have seen some of the protests being symbolic when some others being perhaps showing signs of violence. there have been instances of stonethrowing as well. >> describing the demonstrations as unfortunate, the prime minister narendra modi assured citizens that the act does not affect them but is intended for those who face years of persecution and have no other place to go. he also called for peace, unity and brotherhood. >> of protest monday were any indication, people are opposing and see -- the new law it as part of a hindu first agenda. >> the top democrat in the u.s. senate is accusing president trump of orchestrating a cover-up. chuck schumer called for current and former white hous

the japanese gamer is teaming up with tencent to launch its popular switch console in the mainland. but it may have a tough time winning over gamers who are used to playing on their mobiles. we look forward to that very shortly. rico, can you believe it'sjust over two weeks to go until christmas? so here's a festive tradition from poland. it's a gingerbread village and it's just gone on display in the town of gliwice. ho ho ho! more than 30 artists and bakers have been working for more than four months to build the model, which covers a surface of 80 square metres! see you soon. our next batch of wet and windy weather racing in off the atlantic as this stripe of cloud is moving into the west of the british isles. now, earlier in the night we had temperatures down as low as “i! celsius across eastern england. although over more recent hours, the winds have been picking up and the rain has been moving in, we have seen the temperatures rise, so by dawn, 9—10 degrees in the west, a mild start to the day for a number of places in the west. mild, but for many of us it is a wet start t

tencent could help universal get better access to china. uber and postmates are suing california, alleging that labor rights laws set to go into effect are unconstitutional. they argue the move will threaten worker flexibility and unfairly targets certain companies. they also complained that other industries are exempted from the law. a shakeup at china's largest technology company. huawei will overhaul management ranks after revenue growth slowed in the second half of the year. u.s. sanctions on huawei have spooked customers and suppliers around the globe. the trump administration has called huawei a threat to national security. that is your bloomberg business flash. matt: thanks very much. a gauge of china's manufacturing sector held steady in december, adding to evidence that the world's second-largest economy is stabilizing. the manufacturing pmi index remained 50.2, while the outlook for new export orders expanded for the first time since may of 2008. joining us from hong kong is and a current, bloomberg's asia economics correspondent

the company has received $100 million in notes from the ceo as well as tencent, which is a major shareholder. the company is restructuring its business and spinning off the non-core businesses. despite downsizing analysts have noted it will be difficult for nio to sustain its business. you got more financing otherwise and you could ramp up faster and continue to cut costs even further. things are starting to turn around ever so slightly. we have seen demand pickup. the company launched a new suv ahead of the weekend. there is 0% interest for three years and guaranteed subsidies for cars registered before the end of 2020. and it will probably rise 44% next year to 30,000 vehicles for nio. things could be turning around. look at the stock price, investors have not been bullish. shery: tesla starting delivery of its china built cars in two days. it is amazing to see how fast tesla has set up their factory in shanghai. what are we expecting? selina: we have been eagerly anticipating this for months and things have been moving quickly money andn terms of financing, getting electricity at the plan

they own commercial banks 3 leading telecom operators as well as far away alibaba and tencent they're all expected to participate here so the question is will this be a successful launch and will it be able to successfully while it's a relation crisis or will it still doesn't help the exact same problem being essentially back. yeah that's a lot of yeses to that yes it will be a successful launch the next question you should ask is successful for who and it will be successful for the central banks maybe more so then anybody who relies upon cash for their business because what they're trying to do is they're trying to replace the cash part of their currencies the piece that we carry in our wallets or that we handle someone when we buy a cup of coffee and they're trying to replace that with a crypto back to type of currency so it won't change the inflation whatsoever and any bad habits that they have are going to come straight over with that but considered a successful launch because they're going to eliminate the paper bills in the callings and switch it all over to digital but that's n

china's tencent looks at 10% of the world's largest music company. the deal at $34 billion will allow them to increase their stake to up to 20% in the next year. they have been trying to cash in on the soaring value of the music business and it could help give universal better access to china. sticking with entertainment, we mentioned a little bit earlier, netflix has been making their own movies for years, but 2019 was sort of the year where so much of their content was their own films. this was not just little hallmark holiday movie type films, these were big features, the irishman, the kind of stuff you would normally see in the theaters. vonnie: we spent a lot of the year talking about viacom cbs, who would want their plans on some of the studios still up for grabs, when actually the sort of silent contender was netflix building their studio from within and adhering to its own rules, not even worrying about how long those movies play for in the theaters. were one of the few people to watch "the irishman" all the way to the end. vonnie: there were

in september they announced the ceo and tencent would be taking ofdred million dollars convertible notes to help financing and that they would restructure businesses and stave off non-core businesses. despite these efforts, analysts they don't ramp up, get more financing and continue to lower costs faster, they may not sustain very long. over the weekend they announced their third production model. william lee remained optimistic they will fend off competitors. they have been fueling demands with efforts including 0% interest for three years in guaranteed subsidies for cars registered before the end of 2020. we have predictors and analysts predicting demand will climb 44% to nearly 30,000 vehicles. things are turning up for nio. financial issues remain. shery: not to mention more competition. today the first made in china tesla cars. what are we expecting? thena: we are awaiting first 15 units of the made in china cars from the shanghai giga factory to be delivered to its employees. fullys china's first owned foreign car plants. it is tesla's first outside the united states. it is symbol

deal that would create a japanese champion to compete with global giants such as google, amazon and tencent. rishaad: indian markets just opening. let's take a look at what we have so far and what is going on . >> thanks for that. indian markets have been trading around their all-time high levels. the nikkei is just opening at a nifty bank is seeing cuts of about 28 points. becauseimportant week they have the monthly expiring today and with tomorrow being a holiday we could see some pre-expiry trade taking place. but what is supporting the indian equities is the lower volatility. and they have been showing a lot of interest in the last seven trading sessions. we've seen an infusion of $1 billion of money into the indian equities. volatility seems to be on the lower side. tell us more about the arbitration with the government. the line is a heavy weight on the index. it was down yesterday as well after the news came that the deli high court in india has asked for details of reliance industries and its partners. this comes after the indian stopnment had petitioned a -- saudi aramco. it had be

the iphone super cycle is around the corner and you've got firing on all sill anders even alibaba and tencent the most impressive move at tech has been the broadness of leadership across the board. there has been pockets of weakness if you look at the companies that have been leading the sector almost daily, it is phenomenal until we see a shift in technology and the waters get more choppy. business is gaining traction we have a partial trade deal in place. it is game on for tech prices are reflecting that for the moment >> you are a trader, you manage client flow, order flow, you execute transactions and manage risk let's talk about all of those when it comes to amazon. up again after a 4% move yesterday. good news around that holiday shopping season. up 24% year to date. believe it or not, that trails the market what does it mean for amazon in the coming year? >> a good county you made right there. coming into 2019, we knew it would be a heavy investment cycle for bezos and company. the stock it up 24% year to date with the gain we witnessed on thursday it is still massively lagging the nas

there is a sense that alibaba is able to touch in key areas moving on to the final company, that is tencent. in 2018, we saw the chinese government freeze approval for video games. they allowed those games to come to market. that helped in the recovery of the on line gaming industry. they have a strong portfolio of games coming to market it is not about games. the likes of cloud computing and fintech, which is seen as future growth for the company there is a lot of optimism with new games coming to market but a lot of caution as they look closely at the gaming sector giving concerns about addition and gaming in china >> thank you for that break down it is worth baring in mind that the tech sector is up almost 50% this year despite the fact that we spent the last 12 months discussing the trade war and the effects it would have. a lot of good performances for 2019 >> playing a central role, characterized the phase one trade deal as president trump's christmas present to president xi >> he wants an agreement because that will help him win the election of 2020 >> a self--serving give then >> a

the s&p 500 and the nasdaq down by about six tencent 1%, headed to the worst day perhaps in almost a month. there's no news, just some traffic going on around the big rally. started out in the asian session, and now with stocks down in japan, this is something that we have been watching around the so-called santa claus rally. i will show you a chart that we were taking a look at last week. yen is a chart of the haven , and the s&p 500 is in green. wh dn goes higher, that is a risk on. last week it was hovering above the suggestion was it could go down to the trend line which has happened. if it stays down near the trend line, it suggests that the selling of stocks that we will see today they continue, and that could mean santa not officially come to town given the fact that the rally started last thursday. right now the s&p 500 down over that time. the big area of weakness dragging on over the last three days, technology, that index down. all of the big tech names dropping it this is just that some investors are taking chips off the table. it is true also in europe, if we take a look

engineering a complex deal that would create a japanese tech champion to compete with google and amazon and tencent. shery ahn: brown holdings is set to apply for additional banking license in singapore. they will apply for a full license. grab will try this same thing and other southeast asian topanies, allowing nonbanks apply for virtual bank permits. paul: dell technology is said to be weighing the acquisition of the remaining shares in secure works. and may make an offer for 13% of the firm. the full takeover would be a u-turn from the earlier plans to sell its holdings in secure works. no final decision has been made and dell decide not to proceed. still to come, we have got tesla lining its pockets with chinese money. $1.4 billion loan will be used. we will check in on how markets are trading in this broken and shortened trading week. we bring an update of all the news as well. this is bloomberg. ♪ shery ahn: haslinda: this is daybreak asia. boeing's ousting ceo dennis muilenburg after a tumultuous year that saw two fatal crashes and a failed mission to the international space station. leav

far outpacing tencent which is down slightly on the day, making alibaba the most actively traded stock. analysts are bullish on the company. they are setting hold on alibaba's adr's. the share sale could help the company narrow its valuation gap to amazon. alibaba training at 22 times earnings compared to amazon's 46 times. >> the u.s. and china agreed to stay in touch to resolve remaining issues to get to phase one trade deal. this comes after a phone call earlier when the top negotiators from both sides discussed core concerns. >> another day of incremental news that seems to be suggesting both governments are in track for some kind of trade agreement. the language has been quite positive. a positive spin. from here, the expectation will be, how will the u.s. respond? of course, as we head towards the middle of december, will it be sufficient progress were both sides can agree to a trade agreement or we reach the deadline and the tariff threat from mr. trump is promised and he increases tariffs. there's a lot coming. >> u.s. stocks climbing to record highs on renewed trade optimism.

we will explore what happens to your holiday trash and how the recycling industry is encountering tencent turbulent times. roll off thelas assembly line in shanghai with plans to ramp up fast. >> quick check on the major averages, we are seeing a bit of selling. second to last trading day of the year. a great your overall if you have been long in the markets. coming off the lows of the session. keep in mind, volume is like. the broader market, s&p 500 down nearly half a percent. the nasdaq, the biggest percentage wise. the nasdaq alone up 35% this year. here in canada, we have some winners and losers of the canadian stock market. some tech names have looked good, some pot names that have not looked good. what a run they have had, sort of a sleeper hit in canada. shop of five, or one of our tech darlings. think about the cannabis names, aurora down 63%. hexo, 55. this was the first, the first calendar year of recreational marijuana in this country, and those stocks have been chopped more than in half. investors not really believing about the marijuana space yet. seems at least of funding s

. >> well the chinese tech giant tencent buying a stake with artists like drake and the beatles. deirdre bolton has the latest from the floor of the new york stock exchange. reporter: that is right blake as if we needed more proof that content is king so 10% that should be worth about $3.5 billion if you like and this is going to give tencent basically a bigger footprint in china, bigger access to a streaming catalog you mentioned some of the stars they have a ton but lady gaga, taylor swift came to the top of my mind and they also have some classics, the beatles, and queen so it's of course the purchase is subject to regulatory approvals but because it is not necessarily a sensitive kind of industry if you want to deal with technology most people say you know what this should probably go through both companies saying they hope that it wraps by june 2020. now, universal is literally getting paid for its deep inventory, and following up on this content is king rule, we can extrapolate that and look to some of the streaming services that we've been following, disney as we know has

tencent wants to boost investment in europe to more than $10 billion a year, according to the tech giant's european cloud chief in an interview with the german newspaper -- with a german newspaper. germany as its most promising cloud market beyond china. than 1.4 secured more billion dollars in financing from local banks for a shanghai factory. sources tell bloomberg an announcement will probably be made as soon as this week. tesla is looking to build on recent momentum as it prepares to begin deliveries of the china made model three sedan in that country. that is your bloomberg business flash. let's check on the markets and see where we are. like volume definitely a feature today, unsurprisingly. the s&p is up just 0.1%. in europe, we are absolutely flat. not much movement on the u.s. 10 year despite very disappointing durable goods number. brent down by 0.2%. some suspicion that saudi arabia and kuwait will get together on a strip of land called the neutral zone, which has been disputed. that would bring another 500,000 barrels back to the market. there's boeing, up 2.2% of its earlier h

facebook, definitely google, alibaba, not forget chinese counterparts, and tencent. they have the best path forward in capitalizing a trend in that continent. >> chris, back to the semis, the idea of rotation, it has been a big year in terms of the way the stocks have moved, and by the way, moved in the face of a number of head winds is your expectation that we're going to see semis come off in 2020 in the midst of rotation? >> i think you could see them come off early in the year i think the overall longer term trends are there i think one area hasn't done well is automotive if that came back on a global basis, these are massive computers with wheels. it will be a good area. >> what does that mean, victor, for 5g this is supposed to be the year after a year of false starts to see it take off. >> i don't cover semiconductor stocks snapchat, i think it is a huge play on 5g next year i think user growth, that benefits advertising as well and ai and development capability between the two companies. that's one stock no one talks about as a 5g play, i think it becomes app

be the only company in the world that's partnered with google and amazon, facebook, badu, alibaba, tencent but our partnerships in china have been really, really strong this year. we reported in our last earnings that we partnered with blue focus. they do billions of dollars on the rest of the internet through partners like google and facebook. >> right. >> and we're partnering across china and we're doing something really unique to china which is unlike going into china like an uber or something going in and trying to offer an american alternative to a chinese equivalent we're instead going in just writing checks on behalf of multinational companies, buying media inside of china for them as they're trying to tap into the chinese consumer in particular and helping to manufacture those in china find a place on the open internet. >> i want to circle back again, amazon publisher servicers, disney, sports, overtime sports, right? overtime, that's you. >> that's right. one of the biggest opportunities right now in tv is sports isn't i think optimally built for linear television. because you don

thanks to my tariffs, we're taking in billions and billions of dollars from a country that never gave us tencents, china. >> but we're losing the more important battle, the education race against asia in general. what can we learn from the east about education? i'll bring you the answers. and why did this ship end up crashing into rocks in broad daylight? why was this oscar announcement so screwed up? the undercover economist has been looking at things can go very wrong very quickly. and he'll tell us how we can avoid catastrophe. >> first, here's my take. thanksgiving is my favorite holiday. it's a secular celebration of america and as an immigrant, i feel i have much to be grateful, plus i'm an optimist who tends to see the story of this country of one of making progress over the long run. lately it's been tough to maintain that sunny outlook. america's greatest asset, the constitutional republic and democratic character seem to be in danger of breakdown. listen to the language of the president. >> our radical democratic opponents are driven by hatred and rage and prejudice. they want to destro

you have grab trying to do a super app, tencent. is that the way to think about the future? dara: the super apps are winning, and we can be the super app of transportation, so to speak, that allows us to acquire customers at much cheaper rates than our competitors and allows us to keep customers because we have a deeper relationship with them, and we think if you can acquire customers and keep them longer, that is just a winning formula. emily: uber eats is what, 20% to 30% of the business? dara: yes and growing quickly. bookings grew 90% on year on year basis. we are the largest global player out there, and we continue, in the category of food, we believe can be as large or even larger than the ridesharing category, so we love that business, and we continue to invest in it. emily: there are so many competitors that do exactly what you do in this market and other markets. what if you're just subsidizing our meals, and you don't win the market share, and this is just a giant hungry money pit? dara: so early on, i think people could have accused the rides business of the same.