Also traction in the nikkei and topix today. Playerseeing energy showing signs of weakness, crew tracking at a twoweek low, so weakness coming through from or oil players. From stockstch out that have been doing well as of in particular. Some of the movers we are keeping an ion, samsung has hit a record high, up 4 . We have been speaking about the stock, finally investors have turned positive about pressure for change. You are seeing weakness from some of the korean cosmetic players. They rallied strongly during yesterdays session. Cosmax and others have been upgraded to buy. Metals, sliding from a twoyear high, perceptions in the market that supply is still ample. Iron oree saying should be near 50 a ton. Higher for an fourth session, up. 2 due to dollar weakness. If we look at the offshore renminbi, up. 2 . Fixpboc increasing its yuan slightly from yesterdays fix. Haidi thank you for that. To a twoweekose low, some fluctuations in the session. Cessio refuses to lower production despite pressure from saudi arabia. Are on the table, and they will be discussed. A rational decision that is inclusive as a group. Haidi lets get the latest on these opec wranglings in singapore. Hours to go and tell the formal meeting in vienna, 10 hours of technical talks did not reach any sort of conclusion. What are the sticking points . Irane two big points are and iraq. Say has been trying to during these talks that they should be exempt from production cuts because they are still building up production from presanction levels. They are 3. 7 Million Barrels a day and want to get closer to 4 Million Barrels before they freeze production. Saudi arabia wants them to freeze production now. They are still a couple hundred thousand barrels apart. Saudi arabia said and maybe we dont need the cuts after all. Some people are saying that has a poker game between the two of them, who will call the bluff first. There is a pretty big divide there. Highernts to produce at levels than other members want it to. Those are places where they need to bridge divides within opec before they can reach an agreement today. The thing is, does there seem to be any chance of the deal right now . Our friends at Goldman Sachs looked at the oil market yesterday and did some analysis. The market is baking in a 30 chance of a deal. If you look at the options wonderin seeing a wide range of prices. There is a lot of uncertainty. One thing we do know that is despite the divides they have bridge, there is one uniting factor, basically all of opec wants higher oil prices. They have been reeling under low prices for years. There is that one uniting factor that could bring them together today to get something done. Haidi our previous guest had some strong views on this idea that the longerterm ramifications for opec as an organization will be severe if the are to reach a deal. I we talking about a lost credibility or faith . Are we talking about a loss of credibility or faith . Since the november meetings, which kick started the current market we live in, people have been saying this every six months or so, opec is a relevant. Then opec gets together like may and september and starts talking about cuts and everybody talks about how relevant opec is again. I think the organization will keep going like it has been, but there is a new reality, which is no longer do we need the super deepwater, arctic drilling, to get the barrels of oil out onto the market. Shale fields u. S. And drill for 50 a barrel, so opec is still in control of a third or little bit more of the worlds oil, but it does not have the same power. The market has a much bigger say in what oil prices will be then opec does come and thats a reality that opec will have to get used to after this meeting regardless. Haidi thank you for that. Rishaad right, turning to american politics, the clock exactlyfrom wednesday, 50 days until donald trump moves into the white house. We are hearing about his new major cabinet picks. We are following the latest in new york. Pictures ofat donald trump having a candlelit dinner with mitt romney. Not tooat is going on far from here. We will see what happens. He has been on the slate for a potential secretary of state. On fors been announced potential cabinet picks. The commerce secretary, that would be potentially wilbur ross , 78 years old, a selfmade billionaire as well as a former banker. Those billions by restructuring companies, particularly in the u. S. Steel industry, and selling them back at a profit. , he is a former democrat, but backed mitt romney for the first time in 2012. Now he is headed to the white house as long as he gets confirmed and will be working to help Trump Fulfill Campaign promises that include ending tpp , renegotiating nafta, and potentially calling china a currency manipulator. Before that, another cabinet pick, treasury secretary, mr. Trump has decided he was to go for tom price. Steve midoc mr. Trump has railed against wall street during his campaign, and here he is going back and calling on and next Goldman Sachs banker who has been a Goldman Sachs for 17 years to call him it back into his. He is 53 years old. To the from wall street west coast and silver screen, bankrolling movies including xmen and avatar. Histoo much is known about Interest Rate view and fiscal policy view, or whether he will keep a stronger dollar going, but one interesting thing, he donated to both Hillary Clinton as well as barack obama in the past, but then flipped and decided to support mitt romney in 2012 and donald trump. Announcingave trump a cabinet minister . , she was theo department of labor secretary under the administration of george w. Bush, and now she is potentially set to come back into republicancontrolled white house administration. We are looking at her potentially being confirmed. You are seeing pictures of her with another man, and that is Senate Majority leader mitch mcconnell. Senate majority leader mitch mcconnell. She is married to the Senate Majority leader, but if she gets confirmed, she will be on the hook to try and fulfill Donald TrumpsCampaign Pledge of spending as much as 1 billion in infrastructure to get the economy going and to smooth out americas roads and railroads. Haidi thank you for that. Keeping on top of the latest maneuvering. Shape. gradually taking right, lets get to first word news. Here is sophie kamaruddin. More evidence that a rate rise is coming with Jerome Powell saying the case for a hike has strengthened. Speaking in indianapolis, he said unemployment and inflation were approaching fed targets. Policymakers meet on december 13, and janet yellen has already said she sees arise. Z says Financial Risks from the Housing Market have increased. In its report, the central bank also sees the dairy industry posing a risk, despite a recovery in milk prices. To rbnz says it is too early estimate costs from this months earthquake. Johnson johnson said to have raised its bid for a company after a 26 billion officer was rejected. The new price has yet to be confirmed, but sources say they Johnson Johnson access. Shares of the firm rose 10 , 22 billion by you. Johnson johnson interest was first reported by bloomberg on friday. Melco crown launching a new hotel in macau, the Morpheus Hotel will open its doors in the first half of 2018. The chairman says that is only the beginning as he has much wider ambitions for melco. We have always like many global operators then interested in japan or other parts of asia, where you could spend this type of money. Sophie global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Haidi thank you for that. Still ahead, a look at an indonesian startup backed by a facebook cofounder. What makes the Ecommerce Company such a hot commodity. Dollara strengthening met with mixed reaction. Rishaad a look at the winners and losers just ahead. Rishaad a surging u. S. Dollar is splitting opinion among Asian Central bankers, some relieved to see their currencies we, but others see a threat. ,aidi lets get a breakdown mixed fortunes. Japan, you see something entirely different. It is a mixed picture, and the winner is japan. The strong yen has been a thorn in the side of the boj this year. It has also been keeping a lid on the nikkei and Wealth Creation in the country, so theyre glad to see a stronger dollar bringing down the yen. Other winners include australia. They would like to see the currency weaker. By thiseen propped up rally and Commodity Prices. Thailand is another winner. They have a big exporting base, so they are happy to see the dollar strengthened. That helps them. Haidi right, losers . Losers, again, everyone has different opinions on this, but those us to would be when the tide goes out, you see who is exposed. Indonesia and malaysia are among those who have concerns. They have built a Strong International reserves, inflation remains a worry. The indications are is there will not be in the Circuit Breaker and the strong dollar for any time soon. Haidi we have to leave it there. Korean looking at south staysent and whether she in Office Creates more questions than answered. We saw that speech yesterday, didnt we . President park saying i will resign, but there has to be a decision. Her term is not meant to be up until early 2018. Mostad it was one of the bizarre resignation speeches, if you can call it that. People aret of wondering what this means, resigning or not resigning . And good to say i am offering to resign, but it does leave questions regarding the economy and who will run it. In november, she ousted her and primenister minister and nominated two men she wanted to do the job. Theirthe two people approval process has been stalling, so there are questions about the economy. South korea is struggling to maintain growth. This morning, the finance minister was saying that internal and external uncertainties have increased, while production, employment, and consumption remain weak. Some people think this clears the way to discussing new people in these roles. There is moreing uncertainty until a new president is in place. Are expecting this Impeachment Vote as early as the end of this week. Well, some of her own party and opposition parties and south korea are looking to in peach her, thinking about submitting a motion by friday to impeach her, thinking about submitting a motion by friday. Haidi the drama that keeps on giving. Next, the carmaker made famous by james bond is branching out. We are talking to its asiapacific head. Haidi james bonds favorite car Company Hopes to become a wellknown name when it comes to boats, buildings, and bags. Rishaad expanding its image after an operating loss last year. Haidi we have more in singapore. Aston martin says it is no longer looking at rivals such as ferrari. Now, it is looking at luxury brands. Are you scratching your head . Patrick, what is this strategy about and the thinking behind it . It is part of our second century plan, where we go from carmaking, but also becoming a sustainable luxury business. Part of these brand extensions are involved in any partnership where we give input on the quality of the end product, not only putting our logo on something, but being part of it. For instance aston martin residence in miami, where you will have the quality, the abilty. The custom haslinda it is Brand Recognition more than anything else. Or that translate to selling more cars . I think it is catering to the people who are our our customers, that love the , that special something that aston martin is good in. Exclusiveness, the highest possible material quality there is, and again, being able to tailor a real experience. Haslinda where are you in this transformation, and how soon do you want to get it done . There are plans for you to list, and this could be part of the journey to that listing. Already. Rted the second century plan i mentioned is happening. That,is the first step of 700 Million Pounds investment in product development. Db 11 is arriving now on our shores here. Takes ussion to that seven years into time, and we are doing brand extensions currently. The two products i mentioned are launched, but when you mention ipo, that is completely up to our shareholders. We are focused on delivering these projects. 11 is a some say ddb make or break car for aston martin. What has been the response to the db 11 . I am smilingly see now, because it has been fantastic. In asiapacific, we have a handful of cars left for all of next year. That success has been attributed to focusing on the markets, not making an assumption that onesizefitsall, listening to the customers and giving something unique to them. For instance, you mentioned we launch the car here in the asiapacific at the same time as geneva. We showed the car to a private client base before we revealed the car. Haslinda give us a sense of the response. There are a handful left, as i said, for all next year, so i am very happy. Theinda we talk about market in europe because of the weakening pound and brexit, has it impacted car sales in any way . No, not at all actually. This second century plan is seven years long. The 700 Million Pounds ive mentioned will fully Fund Everything we will do. We have adapted, adjusted, and it is well within reach. Haslinda thank you for your assessment today. Aston martin expanding its reach. Rishaad a new model theyre the end of every year until the end of the decade. Haidi aston martin handbags apparently. Lenders see funding costs surge, danger ahead. Rishaad looking at crude oil, details all on the way win Bloomberg Markets asia returns. Speed always wins. Especially in my business. With slow internet from the phone company, you cant keep up. Youre stuck, watching spinning wheels and progress bars until someone else scoops your story. Switch to comcast business. With highspeed internet up to 10 gigabits per second. You wouldnt pick a slow race car. Then why settle for slow internet . Comcast business. Built for speed. Built for business. Ive spent my life planting a sizesix, nonslip shoe into that door. On this side, i want my customers to relax and enjoy themselves. But these days its phones before forks. They want wifi out here. But behind that door, i need a private connection for my business. Wifi pro from comcast business. Public wifi for your customers. Private wifi for your business. Strong and secure. Good for a door. And a network. Comcast business. Built for security. Built for business. Sophie i am sophie kamaruddin. Steve mnuchin said to be the next u. S. Treasury secretary. He is president elect Donald Trumps pick. We are told that donald trump is about to name another wall street figure, wilbur ross as commerce secretary. Oil hovering near a two week low , leading opec members failed to bridge differences. Iran arrived in vienna saying it will not cut output and hinting that saudi arabia should shoulder most of the production. Riyadh said to abandon the deal unless opec members agree unanimously to reduce production. Opec is a consolidated organization. All decisions need to be unanimous, so we would like to agree on something that is obtainable and benefits everyone, and also Everyone Needs to be participating. When ask me how, who, and before we meet. Hey Hong Kong Court has backed the expulsion of two local lawmakers who insulted china while taking their oath. It prompted an intervention by beijings top legislative body, saying no one can hold Public Office who advocates independence for hong kong. North korea faces a sharp cut in exports under a Security Council resolution aimed at punishing the regime for septembers nuclear tests. The resolution would deny pyongyang 700 million a year in hard currency. Has the crucial backing of china and is set for a vote on wednesday. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Haidi this is Bloomberg Markets asia. I am haidi lun. Rishaad i am rishaad salamat. Going a look at what is on as we head to the japanese lunch break. Juliette Japanese Equities higher, up by. 1 after a retreat yesterday from that strong rally. The nikkei and topix both still in the market territory. The shanghai composite down. 7 . An interesting note if you are bullish on chinese equities for the longterm, saying china stocks will rise by 12 by the end of 2017, with an upside on the csi 300 and the Hang Seng China Enterprises index. The hong kong index up by a. Ound of point 3 some of those casino stocks pulling back. The weakness in Commodity Prices playing into the asx 200, the basic materials sector off by 2. 6 , iron or falls to a onweek low, weighing fortescue metals group, and weakness in the oil and gas sector ahead of the opec meeting. Stocks falling in australia in the oil and gas sector. Santos is off by 2 . That weakness in the oil price sophie was talking about, crude oil tracking at a two week low, playing into Energy Related currencies. Ae Malaysian Ringgit holding 4. 46 if you compare it. An uptickng more of today, but tracking near that two week low for oil. Rishaad thanks. The oil market front and center. Haidi thats right. Another day, another danger sign when it comes to chinas financial system, this time a banking system. Our china correspondent Tom Mackenzie has b