follow me on twitter. don't forget to use the hashtag as well. hong kong underway in 30 minutes. singapore and malaysia are online. shery: stocks are rebounding from yesterday's losses. we are seeing positive sentiment from wall street as a result. u.s. stocks are gaining on a bit more positive. we are seeing the asx 200 gaining 3/10 of 1%. we have australian trade deficit numbers this morning narrowing more than expected, coming in at $2 billion instead of the expected 2.3 billion aussie dollars. also, the july trade deficit revised lower. down 6/10 ofalls, 1%. leading the gains in asia, the nikkei up a tense of 1%, being held by a weaker yen. the cost yield up for tenths of 1%. take a look at the japanese yen. although it is not doing much, this comes after weakening for seven consecutive sessions. right now, holding at 103.47. also, analysts say we are going to see more u.s. dollar strength, so we could see a japanese yen wakening, especially before the december fao's -- fomc meeting. the, -- one follow thing to follow, the korean won, strengthening 3/10 of ones to percent, but this is after weakening for five consecutive sessions. of course, south korea still in the green, as we see samsung stock is searching. we heard from activist investor elliott that we want them to split the company and modernize the conglomerate. rish. rishaad: samsung electronics shares hitting record highs. what exactly is being proposed? letter to thes a board of samsung, about 10 pages long. it is also on our website. you can take a look at that and the full contents are there. what it essentially does, it starts out by pointing out the fact that when you look at shares of samsung, typically they trade at a massive discount . 30% to 70% is what the letter said. were basically meant to address that. in fact, i think we have a small portion -- can we get that graphic up, please? here we go. it is a plan designed to address that safe evaluation gap between samsung and its peers, yada yada. discussed.ngs were have a look at the three main things that we put together here. first, if you split the company into 2, 1 is a holding company, the other is an operating arm. lives that are operating arm on the nasdaq. onlift that operating arm the nasdaq. they are basically saying samsung is not need this much cash sitting on its balance sheet. but samsung is a very different company. samsung is also getting more bad news with the note 7. this is after those had been recalled with some of those phones. right. one samsung found caught smoke overnight. it is southwest airlines in louisville, kentucky, right before takeoff. one of the passengers of the phone had the phone in his pocket area it started to heat up. it got too hot. he had to throw it out. based on what the owner said, it was already a replacement phone for a radius note 7 that he had. -- previous note 7 that he had. the rate -- the airline is unable to confirm the exact model. there is no fire, no explosion, but indeed there was smoke. as a result, the plane had to be evacuated. ask you,but they before you get on the plane, do you have a note 7? i was asked that twice at the airport. -- howng is, in order samsung responded? a short statement from samsung, because they themselves are not certain what the model was. until they can get more details, they are working with investigators. we will have a look at this. what they are saying is, at the moment, there we go, we are unable to retrieve a device. we cannot confirm. we are working with authorities. stay tuned, in other words. rishaad: thanks for that. shares at record levels. in the other direction, twitter shares sinking an extended trade. this after a technology blog reported that google apparently is not interested in buying the social network. this is not the first time google has been linked to twitter. reporter: that's right. google has looked at several times in the past at buying twitter. , according to "region of -- according to "recode," that will not buy this time. they're also saying that apple is likely to come for twitter as well. salesforce and disney have also retained bids, which could come in the next several weeks. disney ceo spoke in boston yesterday, but declined to comment on speculations. twitter had the recorder earnings up -- had third-quarter earnings up in october. twitter shares closed at 5.7% higher on the new speculation about a takeover, but slid an extended trade. rishaad: what about a possible if mn.rce, let's describe the current flurry around twitter. salesforce shares slumped as much as 8%, ending down 5.8% on wednesday. that gives you an idea of what investors think. asked about aas possible deal, and he said, i think you will find that while i look at a lot of things, i actually pass on most things. salesforce shares had losses after those comments. a note from ed mcguire. he says salesforce sentiment is near universally opposed to a potential 20 rack uses in -- potential acquisition of twitter. saying note was issued, we remain concerned about management's concerns on acquiring twitter. -- managements request to acquire twitter. rish, some previous strong opinions on any potential bid from salesforce.com to buy twitter. rishaad: thanks a lot. we are having a look at a fate worse than that. -- death. heidi has that. reporter: that's right. rising debt levels are worrying officials that the international monetary fund area growth in the nonfinancial sector has more than doubled in nominal terms since the term of the century. since the turn-of-the-century. the irs says current debt levels of worldrecord 225% gdp, about two thirds held at a private sector with the rest being public debt, which also increased to 85% from below 70%. slow growth is making it difficult to pay off obligations, and the irs warns a cycle of low growth and leveraging. japan's economy minister says the government will eventually have to raise the sales tax again. 10% fromn increase to the current 8% will still not be enough to cut the social security costs as japan's population ages. they will have to gradually raise it to 12%, 13%, and than 15%, and they will have to get approval. not enough for the next move. we need to raise the tax to 12% or 13% eventually, or social security cannot be financed. we need an election to ask the voters. the sales tax fall is delayed until 2019, on concerns that the weak economy is unable to handle it. goldman is said to be pulling lyons$300 million from cooperman's omega advisors, after the former goldman of glory was accused of insider trading. this is according to a person with familiarity with the situation. most funds will be liquidated by the end of october. cooperman spent 25 years at goldman. he was head of asset management he left. he is accused of using his status as one of the largest toreholders to gain access confidential information, and using that to purchase securities of foreign assets sale that sent shares up. thatfore an asset sale sent shares up. he says he is disappointed in goldman for not taking an independent decision, and says they are working the government for bad behavior. this is the second times that goldman has cut ties with the former along. -- alum. rish. rishaad: thanks. coming up later on the show, a golden opportunity. prices will hit a record in five years. emerging markets are becoming less vulnerable to outside practice. ♪ markets hitrging the highest level in more than a year. there seems to be momentum. our next guest sees the developing nations' growth stabilizing. he is an fx strategist at union bank. he is normally in london, but he joins us in hong kong. thank you for coming along. guest: thank you for having me. rishaad: give us a synopsis of what is going on. guest: we are getting nervous, because we have had our full returns across the spectrum of assets, and we are going into the u.s. elections, which has affect on emerging markets. we also have worries about what the fed will do and say in december, maybe even november. we are giving people an excuse to take some losses. ,ishaad: at the end of the day a quarter of a point, it's just a replica of what happened. going into september, it did not happen, and it happened in december. history is repeating itself, essentially. guest: i think you are absolutely right. really meaningless. the things driving the emerging markets are not what the fed will do, how rates will be kept, but whether -- [indiscernible] rishaad: but what does that do with great differentials in mind, with europe and japan? itst: if they do this hike, pushes up the dollar a little happens, thenat you get inflation pressure in the u.s. to stay contained for longer, and of the same time inflation around the world is very low. that in a roundabout way contributes to an environment where -- rishaad: on the bond yields story, in what way does this help emerging markets at all? whename momentum and loss it comes to some of these emerging markets. this should be supported, in a way. is.t: i think it when you see bond yields remain low for longer, people think, ok, i'm only going to get 1% rather than half a percent. i need to pitch in to something higher. it.aad: that's it's a common theme which comes out. when you mention the yield curve, the central bank of japan normalized the yield curve, essentially. but i feel to see how that actually sits with their other stated in unstated goal of gradually keeping with weakened currency. so.t: i think it is a bit inconsistent. i think the kind of grasping at straws, and the straw that has been offered to them is, ok, we stabilize our turf, therefore we will provide support for the bank, and maybe the banks will be more generous. i think that is the thinking that is going on. but there are lots of question marks over whether that works. and lots of consequences, which could rishaad: actually go against you. rishaad:rishaad: what would go against you? guest: one thing that has been talked about is, you are essentially saying to the local banks, look, you can make money for owning elongated bonds in japan and funding long-term interest rates. the japanese say, ok, i am not going to put money into risky assets, i am going to do the local carry trade. if they do the local carry trade, that's actually frustrating. rishaad: but hang on. rates are negative in the shorthand. guest: this is where the carry trade works. this is the shape of the check -- the shape of the curve. is upward sloping, then there is money to be made from owning guns and funding -- owning bonds and funding from the short end, which is actually deflationary. rishaad: that's the point. guest: exactly. that is the collateral negative side effect. rishaad: collateral damage is what you are referring to. how does that sit then? i think japan is going through something much other countries may need to go through as well. japanese are trying to decide where to go. i think the next step they could be taken, the next aggressive step -- there could be in between steps, but the next aggressive step would be to reconsider the 19th proposal, which is the full-scale helicopter money. rishaad: what about china? are seeing signs of stabilization, but people are very concerned and remain more concerned about the level of debt. guest: it is a huge challenge. the amount of debt. and it is mainly corporate debt. it is large. however, i think people also -- a lot ofk that people are talking about, ok, what if they fail? what is it mean for growth in default rates? but what if they succeed, and it is it -- and is it plausible? there are scenarios -- a lotd: absolutely, and of the mergers have been doom and gloom, haven't they? beginningolutely, the of the year, how bearish people were on emerging markets because of that. look, it's not going to be clear-cut area let's remember -- it's not going to be clear-cut. has a household sector which is relatively unlettered, and a central government which has little debt. rishaad: thank you so much for joining us this morning. let's take a look at sort of the life stories we are covering. fujitsu searching in the tokyo session. it may be merging its pc business with one note though. -- with lenovo. takee told without a will a majority stake, that the two sides are still discussing -- we are told that lenovo will take a majority stake, but the two sides are still discussing shares. searching in tokyo, they will buy a bermuda-based rival. there is a 43% premium of endurance is, and is the company's biggest acquisition ever. it is hoped that it will help offset growth in japan. search -- shares searching by oncent on tuesday -- 535% tuesday. letting go of iran's 340 workers. the move's pall mall and months of run-ins with the regulator and concerns. there were no small now focus on x next general -- sarah knows will now-- theranos focus on its next generation testing device. hut and kfc pizza having a rough time after rows. nist and the first quarter. the ceo says sales in china were down because of anti-western sentiment. this after a national court rejected beijing's claim to the south china sea. shales climbed about 1%, despite a forecast 4% gain. yum! brands plans to continue the spinoff of its businesses in china by the end of the month. coming up, find out how walmart is pushing more aggressively into alibaba start. this is bloomberg. ♪ rishaad: we looked at walmart and its plans in china, boosting its stake in jd.com. moves intourther alibaba's hallowed turf. ceo doug macmillan says success in china is vital. let's get more. what's going on? reporter: we see ball mark doubling its stake in jd.com, strengthening china. 12%cally, jb shares shot up . this was before the filings were disclosed. if you look at how jd is doing this year, not so good, down 13%. a lot of it has been driven by rising costs and that eating to their margin. rishaad: so why do this? why is walmart investing in jd? guest: for walmart, a lot of it makes sense, because a lot of their shares in china have eaten into the online platform. also, the slowdown in china's overall economy. they really have to branch out and find more channels. rishaad: it is not an easy place to actually do business, is it? that's the thing. going in with jd.com, that someone who knows the territory, i guess. yeah, a a lot of hurdles, including scandals they face -- bribery. also fighting with jd, who has more knowledge on the ground, yeah, a a lotbasically positios in a sector that is taking off does provide them with a lot of leverage. rishaad: thank you very much for a look at what is going on with walmart's chinese ambitions. looking at other stories. the former portuguese prime minister is going to be the next human secretary-general. unanimous backing up the security council this evening. it will be officially announced later this thursday. he starts work in january. the united nations has more than 100,000 piece speakers deployed around the world. there is a budget of something like $13 billion or so. democracy activist joshua wong has returned to hong kong. this is after he was denied entry into thailand. the prime minister saying that long was sent back at china's request, and had flown to bangkok to address an event marking the massacre of a student protest in 1976. he has been drawn international criticism for bowing to pressure from beijing, including the deportation of more than 100 ethnic people. kong said to be defecting. it is all ahead of the unit's transfer to oc bc. this is after barclays announced it was sending its private banking operations in hong kong and singapore for $320 million. this exit is highlighting the demands for experienced wealth managers. theill have a look at prospects of the trading day in hong kong and elsewhere. let's have a look at -- their radar. this is the hang seng premarket, up 3/10 of 1%. just taking a look at the hang seng stock, replicating that. positivity there. tailwindswe have coming through from the street of dreams. i a look at what it is doing. the nikkei getting a boost, approaching that psychologically and 17,000. we have the sole market and said the markets to the upside. ul markets and sydney markets to the upside. an australian bank on -- apologizing for a scandal, but a is defending its actions in low growth environment. we will go to sydney with those details. that is next. ♪ ♪ samsung electronics reaches an all-time high, after aliott singer proposed breakup of the company. singer's plan is to operate a holding company, and giving shareholders $27 billion in special dividends. this coming as we saw a note 7 smart phone causing the evacuation of a plane in the u.s. twitter plunging in the session after a recode report says that google does not have current lands to make a bid. recode also said that apple is interested.be google is said to be working with an advisor on a potential offer. shares in salesforce also stumped on reports -- marc interested. benioff says that he looks at many things. u.s. shares of jd.com surging in after hours after walmart doubled stake in the chinese retailer. the sec.iled with it now owns almost 11% of alibaba's biggest rival in the mainland. already heldiler 6%. in hong kong, no trading -- no trading in mainland china. shery: we continue to see gains in hong kong. the han saying is up 3/10 of 1%, gaining the whole week in the green. and of course, we are hearing from hong kong financial regulators saying that they will more chains and will also look for more market manipulation. page, when it comes to chairs, chinese companies trading in hong kong have it really well this year, and they currently -- and there could be more upside. take a look at this on the bloomberg. going to a case -- as hci index, you can see this kid map that shows on average, h shares have gone up about 5.6% in the past five years. right now, the gains for the months and around 2.710. -- 2.7%. we are seeing a week or want helping with us stocks. the nikkei up a tenths of 1% on a weaker japanese yen, which has lost ground against the dollar for seven consecutive sessions. we are seeing industrials and financial leading the gains. take a look at the stocks that you need to keep an ion on here in japan. sompo talking about holdings. 7% after talks with lenovo to merge their pc operations. holdings still holding. we have been coming up with their full-year earnings in the afternoon, so do keep an eye on that. now, the japanese yen is unchanged, around 103.50, but after weakening. rish. rishaad: thanks. dollar,into the aussie little changed despite a smaller than expected trade deficit for august. let's get to sydney. paul, take us through the numbers. rish.d results, a $3 billion trade deficit for august, much better than the 2.3 billion dollars which was forecast. the news get better as well, because the july deficit is -- $2.1down to 2.1% billion. not a lot of change. dollar, as you mentioned, a little changed. but all the action really ca me in the commodities space. iron ore is up about $60, and iron or revenues were up about $500 million on month. gas revenues also up for the month. it offsets the that we saw in gold. good results, and it does pretty well for the next quarter of gdp. the three-hour testimony was just wrapped up to lawmakers. they have been grilled. what was it like? let's deal with a couple of the headlines. and was talking about a decline margins over the past decade, and the challenges faced by a low growth environment, but the reason why they are here is a series of scandals on the consumer side. all the banks have had difficulties in different ways, beat it with their health management units, insurance units, or being implicated in banks swap fix the bill rate. they are there to explain the behavior on this front. in that respect, the ceo stuck to the script. it appears that the commonwealth bank did earlier in the week, offering apologies saying the culture has changed, we are changing, and defending the bank's large profits, saying that a strong bank will say strong economy. it is not likely to make a problem go away. all of this has happened because of opposition to political rusher and the opposition is likely to keep on using the bank , regardless of what they say this week as a convenient stick to beat the government with, rish. rishaad: let's have a look at fujitsu on the way up in tokyo on news that it is merging its pc business with that of lenovo. shares are the highest in nine months. we are told lenovo will take a majority stake. is it a good deal for fujitsu? theynot exactly as though have been a blockbuster success in the pc market. but with a gain from a partnership? reporter: -- what would they gain from a partnership? reporter: they have the opportunity to make a graceful exit out of the pc business. if you think about it, pretty much every major japanese electronics maker was in the pc business, and one by one, they have all been exiting in some form or another. part of a larger trend, and it really should not be a surprise. for one of vote, it is a decent deal to expand its market share. for fujitsu, it is a way to keep its brand and name alive without incurring the heavy cost and capital of keeping a struggling pc business going. where does this leave fujitsu, and what about other remaining japanese pc makers? vio, which used to be sony, and toshiba? reporter: fujitsu still has a lot of core technology. it's got a lot of patents. out.he name will not die it is still a viable branch, at least here in japan and some other parts of asia. brand will probably be around for a while. 2.1% global a market share. that is compared with almost 20% from one of the -- for lenovo. we will see it survived. for the other makers, if you recall, vio became independent from sony. lenovo already has a similar deal that it pretty much controls all of. we are sort of entering an era were we will see a lot of formerly big pc brands just kind of plodding along. briefly, pc's, you could argue, have become commoditized, and the smartphone is at the center of that. is there a future for these things? best analogy that i like to use is that pc's are now like trucks. trucks have existed since the dawn of the auto mode -- of the automobile industry, but they are still around. there is a specific use for them. they are popular for businesses and for consumers. pc's, i think, are going to face a similar fate. uni spend eight or nine hours, even more in front of a desktop pc. that is not going to change anytime soon. but for consumers and regular people out there, their main digital gadget is right in the palm of their hand. nice one. a quick look at the other stories, a typhoon causing widespread flooding and south korea, drenching before heading north. at least one person was killed after being swept away. a rescue worker is reportedly missing. when thes swamped river burst its banks and flooded surrounding streets. hurricane matthew has forced hundreds of flight cancellations n the southeast of the u.s. more than half a million people were urged to leave their homes. it has been described as a category three life-threatening storm. the likes of which the u.s. has not seen since a decade. it has already hit cuba, haiti, and the bahamas. has arrested a contractor assigned to the nsa for allegedly stealing classified documents. withontractor was employed edward snowden, who fled the u.s. in 2013 after releasing files on government surveillance. china's biggest cement makers become the most short of stocks here on the hong kong market. it climbs to 14.5% of its outstanding shares, the highest in a year and a half. richard frost is with me now. why are there questions around this company? , it has done very well in terms of shares in hong kong on the back of increasing demand for cement as china's housing market booms. we have seen this increasing frenzy as people pile into property, developers getting insane amounts of money. that should boil down to a strong performance in terms of earnings, and their share price. greatere are hearing and greater calls that maybe this is a bubble, we are also getting local governments trying to step in and cool down that demand, and what this is translating into his people thinking that shares our too high. rishaad: that is a product of analysts being so bullish, and why are they bullish? guest: it all comes down to where there you think china's property market is a bubble that will collapse. jefferies wet spoke to, they are pretty confident even if prices stay where they are, demand for cement will continue at a strong case at least for the next year, and therefore they think shares will continue to rise from here. rishaad: are there any other reasons why people would sell the stock? guest: it does seem to be a bit of a dislocation in terms of the sentiment of stock. while the stock is down in china , in shanghai, it is up about 12%, 8% in hong kong. that has led it to trade at about a 14% premium. kong stocks traded a discount compared to shanghai. rishaad: things a lot for that. -- thanks a lot for that. coming up, gold losing its lust. our next guest certainly does not agree. mutual making his bullish case with gold, next area -- next. ♪ research says it's acquisition of a chipmaker is off. an antitrust agency let both companies to conclude that the deal was not in the best interest of both stakeholders. there are concerns that it will shrink the number of chip supplies. credit suisse has agreed to play $19 million to settle claims that it has handled its private assets. equated news it client assets to meet sales targets. credit suisse admitted wrongdoing. the former cmo agreed to pay an $80,000 penalty for allegedly pressuring employees to misrepresent the assets. jeff bezos says he is one step closer to sending people to it is companies successfully tested an escape capsule designed to detach from the rocket and carry passengers back to earth if something goes wrong. it was the most rigorous test yet of this id system. blue origin aims to sell space trips to tourists i-20 18. -- by 2018. trips come inasmuch as $350,000. next gold will soar to record prices within five years. diego was in singapore. he has been in the industry for almost two decades. diego, great to see you. you are not even bullish, you're you.er bull, aren't you think the price can go up by several thousand dollars. how, and why? the wrongh, for reasons, unfortunately. this is a gold perfect storm, which is driven by three phases. the first is central banks pushing the limits of monetary policy. this, as you know, has taken interest rates to zero. it has taken them to buy government debt, and eventually go to negative rates in negative yields, which is basically leading to what i believe is the biggest bubble in duration that we have seen in history. as a result of this very low, ultralow rates environment, investors are being incentivized togo farther and farther out land weaker and weaker credits. this is leading to the second leg, which is testing the limits of credit markets. this is effectively creating bubbles in government bonds, credit markets, equities. effectively financial inflation. what you see is a scenario that we have seen before. effectively, the credit crisis is being addressed with more of the same, really. more monetary policy, more credit stimulus. look at what china did at the beginning of the year. areay japan and others dealing with issues. -- look at the way japan and others are dealing with the issues. we go into a dangerous slope where currency is on the other side of monetary policy. effectively, lose credibility, along with governments. scenariod lead us to a that could lead to a multi-thousand dollar appreciation for gold. it is what i call a monetary super cycle. rishaad: it is actually really depressing when you put it that way. the dollar will weaken and weaken substantially here, and effectively, if you follow the extent of your logic, gold the comes the reserve currency of the world. i agree with the goal part. i think the dollar will strengthen through this process. normalization of monetary policy is key. the temperature driven the u.s., and earlier this week, signs and europe of what it means to the system. the u.s. is in a situation where they should be hiking. they should have done and a long time ago. they have not done it enough because of the road of mystic situation, but rather because of the second and third order effect in other markets. isa large extent, the damage done, and the u.s. will try, and other parts of the world will try to modernize monetary policy. we will see successes in other parts. clearly the other layers -- other players are the ones who are more at risk. this is something we will keep more effectively than the u.s. the fed and others are unable to hike as much as they would like. their own actions are creating global consequences. a negative spiral. on the one hand, creating this behavior. on the other hand, you can't quite retrace because it exposes. we are in a situation that i don't see has an easy answer. either you take a lot of pain now over a much bigger pain later, which could be hard to cope with. rishaad: let's get to crude oil. we have seen it locked in this range of about $50, $40 a barrel. easy to actually say, ok, one against a $48 or $49, you sell it and buy it back at two dollars. at some stage, it will break out, and i will decide, what is going to be the capital of -- what is going to be the catalyst? guest: on the upside, there are a number of risks. risk number one is opec, or ro pec if russia gets into the mix. short-term, they could send prices significantly higher without major substantial cuts, especially of russia comes into the game. for then is that it is not something they can just keep up there. as prices go up, the supply response from shale and others. tot it means is they need cut steadily their market shares, so it becomes a tricky situation. bear in mind demand is very responsive. we are seeing for the first time in history, crude oil being under true competition from other areas, the intellect or cars, or what we will see as a major winner's natural gas -- winner is natural gas. opec is a big issue. i think demand will continue to win. on the upside, geopolitics. i think the situation and saudi or the middle east is always a concern. is relatively unstable. on the downside, a scenario that we discussed earlier in gold, where things go the wrong way and intended consequences of monetary policy could lead to substantial movements in the currencies. i think china is the weakest link. potentially, a significant turmoil in china can lead to major monetary responses, major currency devaluations. if you think about what it would mean for commodity prices, it would be inflationary. at the end of the day, china is a consumer of many commodities. rishaad: final question, briefly, when you look at the oil market and you see what is going on -- you wrote this book called "the energy world is flat : opportunities from the end of teak oil -- peak oil." i did not realize we had gotten over peak oil. i thought it was in the future still. guest: when i put it together with my co-author, oil was $110 area20 we were calling to $30 or $40. at that time, it was highly controversial. a lot would argue that there is certainly no shortage of fossil fuels or other alternatives. i think solar is particularly looking good, and i think that the flattening of the energy world, which means the convergence across energies and regions which leads to more abundant and cleaner and cheaper fuel and energy worldwide, is good news. certainly it has become a more distant concern. rishaad: diego, great talking to you. time to take a break. japanese shoppers spending less. we will tell you about how retailers are tempting them into buying more. ♪ rishaad: japanese consumer spending remains sluggish. retailers are still finding ways to run it, and the key seems to be keeping prices low. gray's joins us from tokyo. what is the latest spending trend their? imagine, you can japanese incomes are not rising, and also because of the forward-looking economic trend not being clear. people are very cautious on things that they are spending. have aarter's earnings clear result or impact to retailers in japan as well, who are going with low price and good quality. some posted better-than-expected results. amura sells a turtleneck shirt for less than $10. it is posting better-than-expected earnings. likely to continue , because economic conditions are not changing drastically anytime soon. expecting that low-price strategy needs to continue. rishaad: grace, great talking to you. grace giving us a flavor of what is going on on main street in japan. coming up, a fake agreement. guest's take on the opec output cut. we will be asking a former iranian energy adviser why she is not more optimistic. ♪ >> from our studios in new york city, this is "charlie rose." charlie: maria sharapova is here. she is a five-time grand slam tennis champion and one of the world's highest-paid and highest profile athlete. in january, she tested positive for a heart medication recently banned by anti-doping regulators. she disclosed the infraction in march. maria: i wanted to let you know that a few days ago i received a letter from the idf that i had failed a drug test at the australian open. i did fail the test and i take full responsibility for it.