Buying at the bottom. 128 in fact midmorning area Consumer Discretionary shares and automakers. Health care bearing the brunt. Banks are seeing the left the least amount of selling pressure. Lost in summers on the right at the moment. Back to you. Thanks david. It was one of the days losers. The the lives of leading loser among major stocks in asia today and thats among reports that it may be about to report a record loss. And may announce a turnaround plan earlier today with jim morris year. Were all waiting to hear what to sheila might have to say. Thingsoing to be enough something in the coming days even if not today area who seeing media reports that she that could actually announce a loss of 4 billion if you look at this number is equivalence to the total net income for the previous two decades. It is a huge number. Included in that figure would be about one point billion dollars, all of these losses due to an accounting scandal which came to light. Also selling off of businesses. To achieve a this morning a Board Meeting will discuss plan. Include a loss of the as large as the media is reporting. These numbers in the ballpark but it also said it was not the source of the boards. Toshiba has been struggling all these years try and its a hard with the scandal from earlier this year where this is what it does now. Before the media reports came out, the average analyst had actually been saying it would be 56. 6 union which is not looking like that number is a long way off. What kind of restructuring are talking about here . We been hearing lots of things in the last two. Include reports about thousands of job cuts reassignments especially in the Consumer Electronics division. His citypossibility of area being created. All works that toshiba is not the source of area and is looking to make all of its business is more efficient. Toshiba of course wants more of a pioneer industry but its actually a good industrial conglomerate. Awayuld be looking to move. These are things are waiting to find out. On a big hole to dig out of. Think you so much for that rosalind chin. If you get more on that story on toshiba and the rest of the days news right here on bloomberg. Com. We will indepth reports of market data and stories you may have missed on bloomberg today. Back to the markets right now because it is looking at several other things as we get into the thick of things this monday. Just some things here and. Look at how oil has been trading it depends on energy prices. We continue to see it get pummeled out. 1. 2 . Its between new york right now roughly about two bucks. We did not get anything tangible prices will rebound. Prices are too low and fundamentals are down. He expects prices to rally area hes not short of giving a price. A lot of analyst are pointing to an oversupply. 3645 is your level. Have a look at crude. A two dollar spread. Another piece of news worth active we had the more oil rigs in the u. S. We had it rise by 17. Nowhere near levels of peak oil. That is continuing to drive oil prices. Also up is exports. 7. 4, let me get that figure for you. 207. 4 Million Barrels a day. Newher thing, something that we have not seen in two weeks. Up slightlyg stronger. Thats the reason you are seeing dollar one moving slightly lower. Where we right now . Level of the year today. This is the devaluation back in august. This is the current spread about 200 week. With analyst with Credit Suisse coming out there still expecting more remedies among others. If you compare nominal numbers stored data that remedy is still one of the best performers. It itsthat to the ring just do a comparison. Nowhere near. Big losses were seen across southeast asia. Leave it there. Think so much for that. Now andook right unusual takeover fights incorporate china. To be heading down heading for a showdown with its largest investor. Shares remain suspended . They will stay suspended until january 8 team when the company says it will not off for another suspension. We have a company that is based in shame john that has diversified businesses and property for example that became very quickly the secondbiggest shareholder. 22 it is anke to unwelcome suitor. Lets put this in context here. This is a major homebuilder in china. The biggest. It is also the worlds biggest listed Homebuilding Company area its a heavyweight in this industry not only in china but it attacks global attention from investors. The fact that this hostile takeover happen so quickly and so under the radar took a lot of people by surprise were not used to this necessarily incorporate china just like were not used to it in japan for example. Saw ahe weekends we backandforth between the friday its chairman on said stay tuned for monday area i havent seen anything yet today from the company their due to present restructuring plans sometime between now and january 18. One piece of news we do have today is from a chinese financial magazine that says there talking to Goldman Sachs on its restructuring option so theyre looking very ugly to get out of runs and perhaps find a third party. Whats next . Finding that thirdparty which by the way the group maintains it has a good track record and it all is law and has operated for many years without incident. Curious to know exactly what the issues are here that they simply dont want to do business with this company area thats an interesting story and 11 cells however in terms of the logistics they will very likely work with goldman if in fact that is to line up its options and perhaps save the date self rather than defend against a very hot takeover. News china may about the Worlds Largest pesticide share. O 422 per the 26 premium. The deal would let him china by the option of picking up the rest later. They expect to have a deal by the end of this year it does go through it will be the biggest ever acquisition by a chinese anthony. On day may miss legal sales estimate for the first time due to the Global Financial isis. December numbers are outstanding and surveys saying that is unlikely. Star wars fans ticket sale records in north america. Collected 238 million. That tops the 208 taken in by jurassic world. In a furtherught 279 million overseas and thats without china where its due to open on january 9. Going green, we will see how a famous mining name is facing a very different future. Theng up next signal of good and the gadget world and find out what made it to the top of our cleat cap when asia edge returns. Angie beijing remains on red alert. Reached 320 million this morning that is hazardous. 200 thats aut times the internationally agreed safety net. Small found in children and the elderly the city has initiated the socalled measures including halting construction and demolition were. 80 people still missing after fairywood down. Say thefficials fiberglass boat was carrying a 39 peopled 52 people were rescued. Free bodies recovered. The ferry sector has had or safety record. All voters in spain have deserted the two main parties. Polls show the socialists and second just ahead of the nts rarity the demo party with the liberal interest for us. The election came during a time of growing apathy with traditional politics and accusations of corruption against the main party. Christmas is just four days away. Gifts in ours for next guest may be able to help. The top five tech gadgets for the holiday made by asian companies. This is not an Asian Company per se but supply chain is entirely asian area without about apple products here area lets start with this gigantic ipad. Its own number for gadget of the year. Inch can mount with a 12. 9 ipad, this is the 9. 8 inch. Apple is trying to fulfill people are. Small, for somewhat the first time we had both. Is the apple this pencil. You can press to see where it is. The pen is actually pretty cool. You work with the pencil. We see in the future different types of ipad. Course their keyboards. So we are seeing the tablet these days to be used. The basically the tablet can be used in that of the pc. Were seeing a convergence of tablet pcs. Forget the laptop. Whates that cannibalize apple is trying to do . Apple does no books. When they came out in 2010 with the ipad notebooks were down for about three years. Tablet sales of slow down. Theyre hoping to revive the growth. It started about september and october. Were talking about probably 45 million unit. Like they can also be a winner when it comes the apple watch. Apple watches are number one pick of the year. This is the first time we did not have iphone on top i. Areont think wearable mature enough to be on people youping list, slip me show with an apple logic income for my iphone right here area that that sounds very ominous. Place your Previous Story talk about the star wars movie area this does play music and check the messages. All the calendars. Works well. Now. Qantas makes it right appleigh makes wants to. It will release that second half next year. Wearable seven around for several years. Thats quite boring. You can see i have two wearables, the new wearables can measure your heart be. With the apple wants to the had to do more than discount that. Its as Blood Pressure glucose oxygen. This is a function of some wearable. Those are not very useful health functions. The apple watches the number one gadget. Its powerful enough to be somewhat useful. Apple has not released the number of watches that it will this year. We estimate the shipment around 15 million unit. I would say its maybe a little bit below peoples expectations, the new product after all. The Biggest Issue with wearables is data relied. Were seeing a lot of apple watch i products. The battery has not have any break. The battery only last one day. Im hoping unless you will get longer battery life. They need better battery life in addition to more functions for these to be used. We have three more on the list. Ond out what else we have this christmas tech lists. Well see with it. Coming up a year to forget for the ring it. Help the title5 of asias worst performer. We shall see. Angie indonesia is poised to become the worst performing asian currency next year losing it placed to malaysia. Not sure who is celebrating here. I dont think these of writing right here. In a way we can celebrate because it makes it cheaper to buy ad. It was at the bottom back in 2012 and again in 2013 now probably in 2015 as well. We hope to say the back is for 6 downsized. Thats weiss is much is the ring worstch is asias performer currently. Theyre are predicting the rookie will have earned about that thousand. All ineasons why, Commodity Prices which is bad news for indonesia which relies on commodity x board. Also u. S. Merchant policy. And of course indonesias own weakening economy down about 10 today area that muse the summer buying for indonesia oh will be scrapped. If it comes under more pressure. Lets go. What about government efforts . Will that work . It will take time. Hes taken steps to boost growth. Is reached out to the implemented rules they wont pay banksoon in fact the world said recently the gdp will 5. 3 , way off his mark but to be fair its not just because of Domestic Affairs and domestic woes but also external factors is that recovers it would help. They told bloomberg just last week its precisely because of that. All right. On sydney right now lets check it out. Asian markets trading like this area a bit of one person down in led byia. It really climbs in tokyo. Buza rare bright spot. Investors weigh the prospects for Global Growth here in hong kong. We scene gains of 4 10 of 1 leadinghe tokyo course we will check in later. Andy the top stories this hour top stories this hour. Sure is declining in tokyo and sydney. Shares declining in tokyo and sydney. Investors weigh prospects for Global Growth in 2016. Worried about toshiba, shares plunging around 9 in tokyo ahead of a Board Meeting on its restructuring plan. The Company Expects to report a large loss when the plans are approved. It could top a record 4 billion. Toshiba shares down 49 this year. Currencyrstperforming 6 the rupiah dropping against the dollar. That is twice as much as the ring get. Ringgit. Latest. T to the david has an update on some of the names we have been tracking for you all morning. ,avid let me start things off we had news before the markets in discussions with netflix. No other details were given at the moment. They cited the chief Communications Officer of netflix. We are not seeing the positive reaction you would expect from news like that. Not a significant move to the downside nonetheless. Hyundai motors, does not look like they will be meeting their target. We are looking at 50 higher than their Monthly Average for them to be able to hit their target. A lot of that has been priced in. Apart from its business in the u. S. , just about everywhere else, russia, brazil, and china have run into challenges this year. Over in japan, this is your market story for the day. Approaching that session low, 10 . The nikkei newspaper reporting. The company will be coming out with more concrete numbers. It is really about the restructuring. Look at what analysts are saying. Lets wait until the dust settles. Japan display and sharp, going the opposite direction. A lot of lines coming out of sharp. Most of which have to do with where sharp will get its money and he was interested in the business. We will continue to follow that closely. At the moment, nothing concrete. About the japanese bond market . Quite a rally we saw on friday. What is it looking like right now . David very interesting. Let me get you my bond bubbles. Curve, on theeld shorter end of the curve, yields are on the way up. That is the 10year, for example. Towards the longer end, yields are continuing to fall. The twoyear, also on the way up. This is a continuation of the mood we saw on friday. The boj is looking to extend the it isties of the bonds holding. The governor came out and clarified their objective is to lower the entire yield curve. Now that they do have to make an adjustment on the average, expect the markets to move in that direction. Angie now that we have the fed rate rise out of the way, markets are turning to the pace. Nd timing of future hikes he expects the fed to be aggressive in 2016. We, for example, think we will see four rate hikes. It is good to see the rate hikes that the u. S. Recovery is on firm footing. Then again, i do not think it is the only thing we need to track. In terms of investment, ideas, strategy provisions. Fed has shown confidence in the u. S. Economy and the time may be right for it to shift its focus. When the fed moved on interest rates, they are comfortable with the domestic economy. That will drag up peripheral economies. Comfortable when the domestic side, how do they feel about the external side of the economy . That is where we will find a lot more focus from the fed in terms of how they really support their export market. Impact of lift off will be felt across corporate america. Have the signs of rate hike in the u. S. , you may get that tightening coming through in the u. S. Economy. It is the bright spot of the globe economy. If that has an impact on u. S. Corporates, china is the next up. We will get more understanding of where they want gdp over fy 16 and 17. Consumerism is there, but manufacturing has been impacted by the other side. Angie other stories making headlines today, a source of amazon is considering plans to lease 20 boeing jets. On online retailer relies the u. S. Postal service, fedex, and ups for its deliveries. The Seattle Times reported amazon was testing its own Delivery Service and would decide early next year whether to proceed. Afterresources rising james packer step down from the board. He will focus on the casino projects in sydney, melbourne, and australia and las vegas. Assets of have been suspended by a judge following last months collapse of the dam. Is unable tos it pay for the disaster which killed 16 people. The brazilian government is taking seeking 5 billion in damages. Wales of new south fast forward many years later, the Small Company is the gigantic bhp billiton. What the second largest solar farm in australia. 52 megawatt project, the secondlargest project in australia and one of the largest projects. It took about nine to 12 months to construct. A long and storied History Associated with mining. There has been a paring down in job opportunities, community growth, so this is a fantastic opportunity for broken hill to embrace a new industry and what we think is a new and exciting source of job creation. The project had about 100200 jobs. Now is the construction winds down, it will be much less. Sinceal government the change in leadership, we are starting to see proactive agencies. We look at all of the factors for largescale solar deployment, australia is number two on the list globally. Of policyn a function constraints, we are now starting to see some clarity. We are confident with the right private sector commitment, largescale solar will be off to the races. Angie lets take a look at australias green credentials. Leonard, what are the prospects for the largescale projects . Leonard thank you. We see strong prospects. Next fiveold over the to six years. Growth,est factor for in conjunction targeting the smaller end of the spectrum, a quarter of australias electricity mix supplied by renewables. The Clean Energy Finance corporation has a new focus on solar a renewed focus on solar. Angie what has been holding the industry back . Leonard three main components. The first one historically, solar has been more expensive. Wind. Ularly right now, we have about 4000 megawatts of wind capacity and solar. 40 megawatts of solar costs have decreased significantly. The electricity market is largely oversupplied, which makes it difficult to inject new capacity into the system. Policy uncertainty has crippled the Renewable Energy industry in australia. A review of the target, investments fell 90 . Angie there is a clear policy directive. Does that change anything for austria . Impact it does not largescale renewables currently. Our ambition of reducing Carbon Emissions 20 by 2030 means renewable will play a significant part in our ambitions. Much forank you so that. Stuff, next. Angie the u. S. Military says two the 50 bombers did not intentionally fly over disputed islands in the south china sea. Bombers did not intentionally fly over disputed islands in the south china sea. Earlier this year, the u. S. Failed a warship past in waters claimed by china. The number of people unaccounted for after a landslide has now jumped to 91. Cctv cited local emergency officials. 18 buildings were buried or collapsed by the wall of mud. Two of them were workers dormitories. The mud came from construction work nearby and had been piled onto a hill. The cost of staging the Tokyo Olympics may have blown out to six times the original estimate. Say soaringoted set to blame for counterterrorism measures. Back to that last minute holiday shopping. Earlier we had two barclays top holidays. S for the our next guests. Ew, we do not even know how to pronounce it. It is a Virtual Reality headset. Virtualreality is our number two gadget. Theyou seen the movie matrix . Tv, if you with 3d watch too long, you might get dizzy or headache. I was wearing this for 20 minutes, and i did not feel anything. I was in the ocean swimming with the whales. Really amazing. Htc delayed the release of this, right . What was the breakthrough . Most difficult part is the software. The hardware is not that difficult. There are different sensors everywhere. You have two sensors on two sides. Degrees. Ook up, 360 the software is the most difficult part. Samsung we do think you will see very popular virtualreality video games. Takes alooks like it lot of equipment to set this up at home. The price is not announced yet. It is not that heavy. It is actually quite light. It feels like you are inside the matrix. It is hard to describe it. How would you rate it in comparison to other virtualreality headsets . This is one of the top hot topics. I think this product will be commercially available next year. Firstgames is the application. It can give you directions on how to cook. How can you cook if you are wearing this . You can cut things, pick up tomatoes, make soup. It will be for medical doctors, eventually. Phone next. The zoom it is a Computer Company and they have been making pcs for years. They started making mobile phones a couple of years ago. The reason why this is our number three gadget is the camera. It is a digital zoom. His has optical zoom i can actually zoom out. This is not that bad. It is not that heavy. Three times optical zoom. I think of this as a camera with a phone. All of the phones looked pretty much the same. You need different functions to make the phone smart tractive. The camera is a big one. The smartphone attractive. The camera is a big one. Lets talk about pepper. Unfortunately, we could not buy one. They are sold out. Away. D out right the good thing about bert, about pepper, it is a smart robot. You can have a smart conversation. It can sense your emotions. It does everything. Hugging a droid. So cute. It is the alternative. We have a little star wars robot. When i turn on the iphone thinking with the syncing with the device. Wow. I can drive right now. It. N turn he can move forward, backward. You can control this. So cute. We will see more robotic toys. Is this soldout . I am going to buy one today. You can buy these in hong kong. Youll see more robotics. Many toys controlled by the iphone. Last year, we had the drone. Youll see this become more popular. The supply chain is strong here. Please obey all traffic. Always good to see you. Thank you for bringing your toys here, the top five barclays tech toys. Happy holidays. Mindat has been on asias the last year . Howe if you want to see the mood varies across asia, look no further than google. The top trending terms of 2015. Juliette very different across asia. Different press freedoms. In hong kong, it seems like everybody is apple mac. Apple mad. Game . Ever play that i got 24, so i loved it. Singapore,across they had more weighty concerns. E, the death haz of their first prime minister. Over in japan, a lot more weighty. They were searching for islamic state, the deadly typhoon. I guess we are seeing differing versions across asia. South korea was very big on searching for mers. Very interesting to see what everybody was looking for. Top 10what are the searches globally . Juliette you cannot take a kardashian off the front page. Lamar odom, the top search locally. Caitlyn jenner was number four. American sniper, the movie, was very big. The actual american sniper made the top 10 as well. Quite interesting to see the trends worldwide. In hong kong, at least, we are apple mad. Angie that is it for this edition of asia edge. \ we will check the top stories after this short break. The following is a paid advertisement for time lifes video collection. Hi, dean. Hi there. [laughter] bob. From the battlefield to the white house, from hollywood to the heartlands, americas entertainer was bob hope. Oh, this room is so dull and