He died today at his home in ham burg at 96 years old. Cory i am cory johnson, in for emily chang. Coming up, emily sits down for an interview with one of the top executives of xiaomi. Apple shares drop after wall street analysts say there is weak demand for the latest iphone. Tmobile betting that free video streaming will drive user growth. Will the move hurt more than it helps . Hourly bottom betting that shopathon will reverse a plunge in market capital. Ma will answer the call for National Champions in technology. Emily chang is in beijing with this report. Emily we are here at the water cube, the olympic venue where Michael Phelps won 8 gold medals. Is kickingre alibaba off single day, the biggest shopping day of the year. It dwarfs cyber monday, black friday. Last year, 9 billion were conducted in transactions on alibabas platform. This is a day they invented to encourage shoppers to go out and buy for themselves. We are seeing more International Brands participating this year, i
Internationally. Investors may also get a reading of Chinese Consumer sentiment from singles day. The shopping frenzy is increasingly synonymous with a, whichbama alibab is moved to beijing. Sales are poaching last years 24 hour total. Lets take a look at the markets right now, hong kong and china currently close to lunch. Picture live in singapore, tokyo, and sydney but we are seeing the nikkei dropping lower, australia leading gains in the region. Cory i am cory johnson, in for emily chang. This is bloomberg west. Coming up, emily sits down for an interview with one of the top executives of xiaomi. Apple shares drop after wall street analysts say there is weak demand for the latest iphone. Tmobile betting that free video streaming will drive user growth. Will the move hurt more than it helps . Alibaba betting that a singles day shopathon will reverse a plunge in market capital. Jack ma will answer the call for National Champions in technology. Emily chang is in beijing with this repo
A probe in countries like south korea. Switzerland launched their own investigations. She vows to take on excessive profiteering in the sector. Hungary orders the army to take on the influx along the border. Volume volkswagen hitting the skids for another. Were down 4. 4 today following the 20 decline yesterday. How did volkswagen take such is a wrong turn . 2013 they ran test on diesel car emissions. They expected diesel cars sold in the u. S. To be exceptionally clean due to tough u. S. Standards but they were surprised to find quite the opposite and reported their findings to the Environmental Protection agency. The epa finally challenged the car maker and issued a statement calling on volkswagen to issue a recall and warned it faces penalties of up to 18 billion. So that really begs the question. What is next . Reports suggest the u. S. Department of justice will launch a criminal probe. Internationally, south korea has opened its own investigation which it says could expand to all
Ussr to rush at the beginning. No one knows. There is a lot of love and hate. Cubans have one of the highest awareness is of u. S. Brands in the world and one of the highest preferences in the world so if u. S. Companies launching into cuba comes with less cost than some other marketplace that makes it attractive so and thats because the folks do have, the people of cuba many of them have access. We saw what no one expected with fidel. Most people, most of the modeling done in the u. S. Government was fidels speaking, he drops dead worries in his office and people drop dead and people know where they dont know but no one expected a succession and then a transition from brother to brother. I would say dont expect raul dies and its a switch. Its going to be more of a wave. Thank you. Bill lane. Good morning. Bill lane with caterpillar and first of all i want to thank you for a Great Program and great timing particularly the fact that this is two days away from the big anniversary. Some o
U. S. Cuba relations and wonder how much of the ideas heard the word thought id never thought it would be a good place to be. [laughter] but were glad you are here. But it is consistent with the other cuba related events but over the years cuba has captures the imagination i remember back when we were trying to get support for the west colombia Free Trade Agreement that enjoys a lot of support from clocks on this panel with columbia represented the generating interest now in that was limited compared to cuba which seems to capture the imagination and. Is not on the politics of the u. S. Cuba relations we dont have time to go through the long history but it is an emotional issue. There are families to have the property confiscated whose families were attended and have strong views with the current government in cuba but today we will focus on the president s announcement and what the perspectives are from the legal and Business Community i want to mention in that category of great timin