softbank shares are down 40% since march. the previous buyback about which was a mammoth 25 billion dollar repurchase ended in may. since then, softbank has been sliding lower and lower. the discount to the value of total shareholdings of the company is about 50%. that was typically enough to get some back into the market. but he has been holding off. instead, funneling more and more into vision fund two, the second vehicle in his investment arm that it now has about $40 billion in capital. so, while the hope is still there, i think, it is getting more. shery: bloomberg's tech reporter. next, payment deadlines are looming and grace periods are expiring for china's property sector. we will discuss the poppel -- the possible outcomes. this is bloomberg. >> this is daybreak: asia. china posts a monthly record trade surplus. exports rose 27% last month, more than $300 billion. the 13th rate month of double digit growth, leaving a trade surplus of $85 billion. china's exports have surpassed all of 2020. china's state grid says pow

softbank is considering a sale of fortress investment group. the asset it acquired four years ago for $3 billion,haidi. haidi: let's get more details on that. our asia technology reporter choices. what is the latest that we know? >> morning. we know the bare sketch of these intentions, the fact that softbank considered a sale of fortress is very intriguing. as negotiations -- still at an early stage but it does fit in the broader patter of transformation of softbank from the big operating company in technology investors who pretty much are private equity funds/venture capital funds. they have sold off a lot of the operating units, including sprint, their domestic operations in japan as well as no -- now in chinese media. it does make sense that fortress will be next on the list, simply because the intention for this purchase back in 2007 never played out. the goal was to have fortress operating a $100 billion vision fund which was set up early in the year in 2017. but because of the restrictions put on because of the committee on investment in

we have a buy on softbank and toshiba. because we do believe this company will be privatized, and a lot of restructuring that it needs can easily happen outside the public domain. now, if they were to go down this path, and as they say, this is one of their options, this would make it easier for them to keep businesses that have considered as national security, and others, separately. and once that separation is there, it will be a lot easier to privatize and sell assets to investors, whether they are fell learn -- foreign investors. that will be a lot easier. currently they have quite a few businesses can be categorized as national importance, and therefore it is difficult. previously it was good. but that having been said, that would benefit a majority of companies in japan. most of them seem to be doing a lot of things. if they were to do these kind of splits, this tends to work really well. to unlock corporate value. shery: will this be enough to really a peace activist shareholder's? we know they were getting a lot of

we're keeping an eye on softbank. there's an ongoing press conference where we learned softbank went to ¥3.9 billion second-quarter buyback, up to ¥1 trillion of stock. also, you can't say he's not putting his money where his mouth is, despite the 1.3 million dollars loss in northstar. he says he's expanding his personal fund and the latin american fund. we'll have plenty more on that throughout the day. let's get straight to the bloomberg first word news and china's export growth has exceeded analyst estimates for three straight months with the trade surplus reaching $84.5 trillion in october. official data showed exports gains more than 27% in dollar terms from a year earlier. while imports rose less than expected. and china's economy has slowed sharply in recent months amid a sporadic coronavirus outbreak. transatlantic travel resumes today, the most lucrative routes for airlines. before the pandemic closed borders, they generated more than $1 billion revenue each year, linking london's airports with new york. an

. ♪ paul: india is getting an endorsement from softbank. the ceo spoke to us at the bloomberg india economic forum. >> if we find the right opportunity and the right by ua should. [indiscernible] the quantum of capital we are able to invest today is not very high. they not raising as much money. each investment is $200 million or $300 million. unlike two or three years ago when we could apply in all europe. the ticket size has come down dramatically. to invest, it will be like investing in 15 companies $200 million each. we have a local office which is working hard and building a relationship with young entrepreneurs. building relationships years before they need capital. then advising them. when they are ready to raise capital, we are there to provide the capital. there are two forms of capital. it's not just investing in -- but also following on. you follow one over time. a lot of investments we have done over the past three years, we have been putting new money into them as if there is new capital. >> you just said you are looking to inv

softbank shares have slid more than 40% from the march peak. ab foods expects progress in operating profits for the full year. the owner has declared a special dividend as it reports a strong recovery in profit margins. the company will grow around 400-530 over the next five years. francine: thank you so much. now for a bloomberg scoop, an interview for the fed top job. she visited the white house. brainerd is regarded as president biden's likely choice if he decides to replace jay powell. on the subject of interest rates, the fed's vice chair, richard clarida that, says to raise rates will be at the end of 2021. >> if the outlook for inflation is unemployment, if that turns out to be the outcome, i believe these conditions for raising the target range will have been met by year-end, 2022. what i anticipate is the depth of the global supply supply shocks are a fact of life for monetary policy. francine: joining us now is -- i have a million questions of what we should be looking at. how much more dovish would lael brainard be? >> this is a gold

investment marks softbank's second metaverse investment. a brazilian bank has trimmed the valuation of its ipo while attracting the interest of softbank. it cut its rate to eight dollars per share. that values the company at a $2 billion, and the deal could raise -- at $42 billion, and the deal could raise up to $2.5 billion. the operator of china's largest crypto currency exchange has chosen singapore as its regional headquarters. the move is part of the shift away from its home country where all crypto transactions or services are banned. it's co-founder says the southeastern market is attractive. shery: this is what the picture in the market looks like. we are seeing downside pressure for australia, down 2/10 of 1%. we see real estate and consumer staples leading the declines. the japanese yen is weakening a little bit, but after significant strength in the previous session, nikkei futures gaining at the moment. coming up, more markets analysis with our guest. this is bloomberg. ♪ every day in business brings something new. so get the

so the 180 million is softbank's money. they paid it to get control of the company, it was a transaction. the 870, half of it was sold in the secondaries over the course of seven years and the other half was just now about three months ago the zan dard we did that perception of billion dollars when it went down was a false narrative. because i wasn't speaking we weren't able to correct. >> but what do you tell the employees then who came after 2015, who don't have their jobs now, and many of whom would say that they took lower salaries during that period and stock because they believed, they were believers and that you made them believers. >> i would say first of all that i understand and i'm very disappointed for them and with them it was never my intention for the company not to succeed as much as it did it was -- you have to remember the time that they came in, the investors were behind us corporate america was behind us. the banks were behind us we had enterprise. we had apple we had google, facebook and microsoft gives

haslinda: why softbank may commit up to $10 billion in india next year. that's coming up. this is bloomberg. ♪ haslinda: we are taking you back to beijing where that life meeting is happening and we are hearing from an official saying china welcomes all countries to participate in the developer initiative of china and that china must aaron t quality of opportunity, rules, and that china should not force other nations. president xi jinping delivering the first doctrine on the communist party history in 40 years. rishaad: monitoring all things china today. with our chief north asia correspondent. i lot of, how can i say, justification, talking about common prosperity. things are being framed ideologically here. what is your take from that? stephen: it is the communist party of china. they talk in these ideological terms. essentially what the communist party officials are doing is putting a big, nice bow, wrapping up the plenum but of course wrapped up yesterday that essentially sealed this historic document, proclamation if you will, that xi jinping will be enshrined in th

tencent, softbank, the earnings story. tencent down 1.7% with some local state affiliated firms reducing reliance on shipments, down about 1%. the south african rand continuing to see some weakness in asia and we are still under pressure, a 12 month high here on the dollar. more on the markets in just a moment. let star caught -- start off with the regulators asking to come up with a plan to delist from u.s. exchanges. our asia text editor has the story for us. quite a scoop here, what do we know? >> i think there's a lot of unresolved bad blood with the central government. right now the devil is in the details. you see softbank tanking a little bit on this news. a lot depends on what price the deal itself to take it off the nyse. david: we know the intention, and i have to say it's not really a massive surprise that we are talking about this, but how do they go about this? >> the regulators have been pondering this option since at least summer. i think it's likely to be a package of penalties. bloomberg has reported that

the biggest hit comes from softbank's chinese investments. the crackdown in china on the tech scene started at the beginning of last quarter with their probe on didi, and as you see on their screen. the portfolio has been absolutely decimated. david: it lowers the bar for estimates, right? just some context. great staff, thank you. just have a look at other stocks reporting today, toshiba, yamaha. heading into the lunch break, the return of the carry is in focus when you look at where moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. david: welcome back to the show. we are one hour into the chinese session. just a couple of stocks we are tracking. you might have alread

softbank group is preparing to make its first distribution of profits to employees at the vision fund in december. however, the approach to compensation is contributing to a stream of defections. let's get more from our asian tech reporter. so millions of dollars to be handed out, but many people unhappy. what is going on? >> morning. actually, masayoshi son, the founder of softbank has struggled with how to incentivize his vision fund, which he set up in 2017, from the beginning. for a while, he flirted with a $5 billion credit line to management, allowing people to borrow money to take equity stakes, which, the id fell apart with the we work ipo in covid. so what he settled on is a seniority-based structure, where everybody from vice president up will get a predetermined cut of the profits, which we learn will range between $100 million to $150 million, to be paid out in december, one of the first installments of profit, net profit. this is on top of something else, which is not terrible at all. mid-level staffers get about $500,000, and $700,000 or more for experienced people. that

softbank said to be considering selling fortress group. they acquired them four years ago. to help manage their vision fund. sources tell us softbank was not able to mesh fortress's operations with its own simply because of u.s. regulatory hurdles. angela merkel planning to apply to set up a securities firm in china, something that j.p. morgan and goldman sachs have managed to do. they sought regulatory approval for next year to trade stocks, bonds and headrests. yvonne: licking a look at market movers. -- taking a look at market movers. alibaba down close to 3%. ev's as well. we're seeing ev makers doing quite well. lithium up 7.5%. focusing on the rba once again. stocks a bit lower. bond yields up. this is bloomberg. ♪ s bloomberg. ♪ moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, an

haidi: softbank said to be considering selling fortress investment group. it acquire the asset manager for $3 billion to help manage its vision fund, but sources tell us softbank was not able to mesh fortress' operations with its own due to u.s. revelatory hurdles. bank of america to apply to set up a securities firm in china. sources say the bank aims for regulatory approval early next year. it is applying for licenses to trade under stocks, bonds and hedge risks. tiktok's parent has become one of the first tech companies in china to mandate shorter working hours. an internal document says employees should only work from 10:00 until 7:00 monday through friday and advanced permission will be needed to stay longer. china's 996 work ethic has come under renewed scrutiny this year. taking a look at the day a head for australia, the rba still top of the agenda. we've got potential -- decisions. we are awaiting any updates on growth and inflation assumptions. the nation's climate targets also in focus. scott larson confirming australia will not implement new sho

deep into the red when elon musk asks followers if she should s-- he should sell an they say yet >>> softbank is in the middle of a blizzard after posting a second quarter loss. >>> wall street hits record highs as october's payroll reports top forecasts. with president biden's infrastructure bill passing the house of representatives after months of political infighting >>> a very good morning, happy monday and welcome to the show let's you kick off taking a look at richmond third stake has bought a staid in it, saying u.s. fund artisan partners which owns 1.2% has also been pushing for better performance. the chair only owns 1% of the company but controls 50% of the voting rights. they report half year results on friday so shares reacting very well to the story emerging they're up 4%. the activist, thurird point we don't know what they're looking to get out of that you are stake, what their size is, but we know they are going to have to contend with the chair who has 50% of the voting rights now investors have been frustrated with richemont's performance, in particular catching chinese deman

the softbank backed company received 100,000 orders a few months ago. delivery has been delayed from october target. initially, test rights are open to those who purchased or reserved. shery: nfci decisions may reinforce a graduate shift in liquidity away from the u.s. according to some investors. joining us now is our china markets editor. tell us about these changes and how they reflect tensions. reporter: the msc i mentioned a week and a half ago they were going to switch and move into hong kong chairs. this comes a few months after they did the same thing with alibaba. this is an interesting time. heightened tensions even between the recent chat with the u.s. and china, trying to build better political situations. there is still concerns over the future of money flows and where this is going to go, and china wants to bulk up its power in this area. this is exciting for these companies to see potential paths for inflows and ultimately open these companies up to mainland money. haidi: have had a string of positive news flow on the geopolitical front.

. >> bloomberg is hosting the virtual india economic forum 2021 with speakers including the ceo of softbank advisors. you can watch that event on live go and you will find big diary entries today. as well as some of the event you may have missed earlier. plenty more ahead, this is bloomberg. ♪ >> reviewed automotive raised about $11 million of -- from investors. how the comely plans to use the proceeds. >> we have to electrify that entire feed. the scale of this is in some ways unimaginably large. it will require multiple companies worth of products and adjusting the market in different form factors and segments. what we are looking at is our launch products. building additional production capacity for featured products, continuing the developing of the featured products. that is really key. we are striving to help drive and lead this massive transition. >> you're looking at potential sites for a plant in europe, potentially the u.k.. what is the update? >> we have not made any announcements around these facilities. there is a lot of speculation but these are really important decisions. f

pdn, india's largest digital payment provider back by softbank. there will be relief today from investors. sophie kamaruddin signing off. shery: the bloomberg new economy form is underway parade let's listen as stephanie flanders talks to u.s. special presidential envoy for climate john kerry. >> i think everybody here knows that he has just been terrific in helping galvanize people around the world. i am very happy to be part of one of his important forms around the world. stephanie, the china agreement is significant. i am not saying that because i helped negotiate it with a longtime associate and friend. he and i know each other quite well, over 20 years, and we have worked at this institution. the agreement is five pages that layout our cooperative effort, not just on methane and co2, but also in deforestation, and the creation of a working group between our countries, which we are immediately going to begin to activate. and it is that working group, with the health of experts who are going to come to the table from china and the united states

-- softbank bank -- deliveries have been delayed from their october targets. test rides are only open to those who have purchased or reserved the s1 and s1 pro scooters. that is your latest headline. rishaad: having a look at changes to the hang seng index. china resources. jd.com also getting a boost. about 2%. to start tracking industry giants. could shift liquidity away. one of them, getting an asset-backed security plan approved here. let's have a look at some of these technology companies in the fray because we mentioned jd. alibaba and tencent in the mix. slapping finds on alibaba and tencent over past deals that violated the anti-monopoly laws. this was announced by the state administration. about $78,000 for each of those companies involved. overall chinese markets. moving generally to the upside as we had toured the lunch break. -- head toward the lunch break. perhaps down to seeing signs of easing as the central bank in pboc negotiated toward vonnie: it is 11:29 a.m. in hong kong and beijing, 1029 p.m. in new york. i am vonnie quinn. japan is plannin

. , and why, this is bloomberg ♪ yvonne: we are being told that softbank group is preparing to make its first this tradition of profits to employees at the vision fund in december, however, the company's approach to compensation is contributing to defections. people are leaving. rishaad: let's get to the asia tech reporter. millions of dollars to be hunted out, but many people are unhappy. why? pavel: we have learned that this coming december, the company will make its first distribution from vision fund one, the original $100 billion fund. profits of 100 million will be spread about 70 investors or so. this is on top of the annual bonuses and base pay, which ranges from 500,000 dollars for a mid-level investor to $700,000 or more. if this sounds very generous, the reality is that it is quite low by venture capital standards, where something known as carry is the share of profits after limited partners have been paid, can be 20% or 30% of the remainder. to give you up an example, the deal the made $10 billion in income, that means a few people in that deal could be sharing bonuses that

softbank shares have slid more than 40% from their peak in march. and toshiba may split its company as a strategy to strengthen shareholder value. the nikkei says it will divide into three businesses to focus on infrastructure, devices, and semiconductor memory. all divisions would reportedly list at some point, with the changes to start as early as 2023. toshiba has been in turmoil with investors over its strategic direction. rishaad: all right, it is the time of the day, morning calls. sophie kamaruddin. we have covid cases in china now topping 1000, a new outbreak that began in october. what has been the potential, or what is being seen as a potential impact on economic growth by the investment community? sophie:, over at ubs, they are accounting for those uncertainties. with authorities in the mainland pursuing their zero covid policy, that will dampen the recovery for consumption. so the bank says they see that that's a drag on investment from the property sector weighing on the outlook. ubs is forecasting 5.4% growth next year, softer than ini

softbank's vision fund is selling shares in doordash. they raised $2 billion by unloading 10 million shares. they still own about 11% of doordash, just over half of what they held when the company was listed in the center -- in december. roblox has fixed -- they said the problem was -- users have taken to twitter and complaint and even send condolences. the ceo of shopify weighed in, saying crazy roblox is still down. sending love and empathy to all the poor parents who have to -- coming up, the former president at samsung just launched a $550 million fund invest in tech startups. we look at the intersection of -- with young sohn to talk about supply chain woes and the future of ai, next. this is bloomberg. ♪ emily: welcome back to "bloomberg technology." i want to get back to the markets and ed ludlow looking at key supply chain data out now. ed, manufacturers still seem to be hurting. ed: they are. this is the data from october. he gives us a real insight into what purchasing managers, those responsible for handling supply chain, act

she just received a $300 million investment from softbank's vision funds into her company, ltk, a shopping app that allows users to shop where they post. the investment now values her company, which she started at 23, at about $2 billion, making her one of the wealthiest self-made women. joining us now is amber venz box . congratulations, you are educating people on the power and influences of blogging. first and foremost, did you expect to get here? amber: i am so thrilled that we did. i am a creator myself and growing up, i wanted to make money online as a shopping blogger. the fact that we have been able to do that for me and my friends and for hundreds of women worldwide is an incredible moment and an opportunity of a lifetime and hopefully of a generation. caroline: you used to be known for your style, like to know, that is where the "ltk" comes from. largest influencer platform. what does that mean? amber: we pioneered a new industry. we started working on this concept in 2010 that started as a b2b platform. providing creators a business enablement that firm to monetize their blogs.

plus softbank's vision fund is selling shares in doordash for the third time in six months. the fund raised $2 billion by unloading 2 million shares in the food delivery giant. it still owns about 11% of doordash, just about half the stock it held when the company was listed. roadblocks have fixed the outage -- roadblocks -- roblox has fixed the outage. users had taken to twitter to complain and send condolences. the chief executive officer of shop if i -- shopify weighed in. saying to all the poor parents who will have two wikipedia client/server architecture to answer their kids' questions. a former that samsung has launched a fund to invest in deep tech startups. we will look at the intersection of data and ai with the chair at harmon. this is bloomberg. ♪ ♪ emily: welcome back. i want to get back to the markets. looking at key supply chain data out now. ed: this is the data from october. it gives us a real insight. gives us a real insight into what purchasing managers, those responsible for handling supply chain, actually experienced day-to-day. what is worrying we t

. ♪ emily: a few stories we are following, softbank's ceo says the company will buy back as much as 8.8 billion dollars of its stock when it comes out to about 14.6%. this after a decline in the value of its portfolio. this led to a record loss in the vision fund investment unit. shares have slid more than 40% from their peak in mid-march. tencent pulled off a pair of successes with its league of legends franchise. it held a massive e-sports tournament that drew more viewers than ever before. it also premiered arcane on netflix, garnering 130 million views in china. tencent is trying to cope with china's crackdown on the videogames industry after saying kids could play about three hours per week, which caused stock prices to drop for tencent . toshiba is considering splitting up the company as it looks for ways to strengthen shareholder value. the japanese conglomerate is reportedly going to divide itself into three companies to focus on infrastructure, devices and semiconductor memory as early as 2023. toshiba has been in turmoil with shareholders over the direction of the company and

. >> can we talk about softbank for a moment >> get the snow shot ready the blizzard >> there were significance losses, but to jim's point, a lot of people knew this. it was fairly easy to add up what might have been sizable losses in value for some of the private and/or publics that they own there, given the crackdown we've been talking about in fact, on the other side of it, some education companies will be allowed to operate in some fashion. >> really? >> though only from tutoring adults, not children that part of their business will be nonprofit alibaba, you can take a look at as sort of a proxy for a lot of it many of them are coming back, but that's been over the last six weeks a bit of a rye bound. >> he said it was like a big winter snowstorm >> you're right. >> he gives you a lot. he's in there for a long time. he did say we're in the middle of a storm yeah >> maybe we should prep for it >> there have you been plenty of times he took risks where you throw your hands up, but he's been proven time after time, a year and a half ago, things didn't look good, either and if you take a look a

. -- softbank missed estimates for quarterly operating income. also daikin listing its income forecast -- boosting its income forecast by more than $2.6 billion. more gainers today, petrochemical, widening to just over $10 billion in september here on year. paul? paul: the bank of england defined expectations, keeping rates on hold on thursday, drawing criticism from traders and putting its credibility on the line, as it chose to prioritize risks to growth over inflation. speaking with bloomberg, governor andrew bailey hit back against this critics -- his critics, saying the bank's job is not to seal the markets. >> two messages, one, we will meet a rise in interest rates. two, however, because we condition our forecasts on the market curve, our forecasts suggest that by the end of the period, inflation was coming under target, in a declining trend. and we have an output gap opening up. that would it be what we are wanting to see. >> if we can go back to markets, it was this act, pretty hawkish, why did you not temper it? did you actually at the

let's start with earnings from softbank, second-quarter net loss just under ¥400 billion. division funds lost is actually 825 alien yen. the last quarter -- 825 alien yen -- billion yen. dani: also the full year dividend at ¥44. you mentioned the ¥825 billion, that considering they've swung to this loss and they are saying the investment loss is mostly due to ¥1.2 trillion in co-pay. they also saw derivatives gain on alibaba contracts. there is the push and pull of their gains and losses. manus: indeed. let's set the stage for the markets. we will get to guy johnson in a moment at heathrow. for me, it is about volatility. we can look at bond or equity vol, but this chart caught my eye. this is all the volume in all the world, it takes you back to 2008, the combined volume. let's look at the charts and put it in perspective for viewers. 55.1 2 million is the volume on friday. this is one of those things where you go oh yes, it was spiking when lehman went bust. we are at the second highest on record. is this press and or something to be fair for all of -- fearful of? you

softbank backed company plans to conduct test rides across india. initially, they are only open to those that have purchased or reserved scooters but the company is extending the offer to all customers. high fuel prices are having consumers consider switching to electric vehicles. >> let's take a look at how markets in asia are shaping up. we have u.s. stocks falling on friday's session given concerns about hawkish federal reserve comments. we are seeing kiwi stocks down and sydney futures are also under pressure. this after we saw some pressure for emerging market currencies. the aussie dollar for example fell after three weeks of decline versus the u.s. dollar. we do have some key central bank decisions across asia. still ahead, u.s. intelligence agencies step up their warning about russian plans for potential ukraine invasion. the details are next. this is bloomberg. so many people are overweight now, and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional s

mean, we saw that shopping -- something shares falling by present today -- soft bancshares falling -- softbank shares falling today. who is going to pay for delisting? who's going to find all this? what would that mean for management? there are other things that the company has to grapple with right now, for example get apps still not available engine. there are a lot of questions out there. tom: we're longer way away from that. thank you for bringing us that scoop around didi and the pressure from beijing to potentially delist that company from u.s. exchanges. let's check back in on this risk off friday as investors weigh the applications of this new covid-19 variant the who says we will get more details on for potentially one or two weeks. you're seeing heavy selling across equities move into treasuries. the commodity space is under pressure, wti down more than 3%, futures in the u.s. pointing to lowe's as a drop of more than 1%. and futures in europe pointing to losses of 2.3%. the yen is bid up more. bloomberg markets era. this is bloomberg. ♪ >> our markets live editor joining us from s

in the mumbai exchange selling include pre-ipo investors, and warren buffett's berkshire hathaway, softbank according to a recent filing they sold about 10% of their positions. it's been losing money over the last three years that's raising questions around the valuation of 30 times sales compared to other fin tech companies and paypal and square and it's playing in a highly competitive market, and that's referenced by ceo doug mcmillin earlier this week on cnbc it is one of many going public in india as investors pivot away from china and soon, u.s. investors will have more exposure to these names as we get incorporated into etfs and they'll be debuting a new u.s.-listed india etf next year and the online delivery firm will list on msci. get ready. a number of more indian companies coming to market thanks, seema modi interesting day. the hill now reporting that senator manchin is looking favorably at powell after a chat we'll keep our eye on that let's get to the half. >> all right lots to watch today, carl. thanks so much welcome to "the halftime report," front and center this hour nvidia

the indian fintech company backed by softbank, warren buffett and more plunging 40% in two days after going public last week in india's biggest ipo ever investors lost on paper $090 million in just 48 hours by some estimates. stay with us hi, my name is sam davis and i'm going to tell you about exciting medicare advantage plans that can provide broad coverage, and still may save you money on monthly premiums and prescription drugs. with original medicare, you're covered for hospital stays and doctor office visits. but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover your medicare deductibles and co-insurance. but, they often have higher monthly premiums and no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. w ed ed visits and your original medicare deductibles are covered. and of course, most humana medicare advantage plans include prescription drug coverage. in fact,

. >>> now, speaking of humbling bets on tech, softbank saw first quarterly loss since the beginning of 2020. ceo blamed his chinese investments saying, quote, we're right the middle of a storm. the biggest strains on the company have been in ecommerce with alibaba, its biggest holding falling 35% during the quarter along with qupang fell 33%. carl, you have to wonder, this is a storm but should they have been better prepared for this storm? >> meantime, shares of tesla on the move this morning thanks to elon musk. as you know by now, robert frank explains robert >> well, carl, tesla shares now down less than 3% for the day despite elon musks promise to sell over $20 billion in shares. twitter poll over the weekend he asked whether he should sell 10% of his stake, 58% of voters supported a sale but he was likely going to sell any way. that's because a 2012 compensation package granted him options on 23 million shares those options expire next august so he has nine months to exercise the options and pay the taxes. the tax bill, by the way, on these options both federal and california wil

stock down 45% since it went public in june, down another 6.6% didi investors are feeling the pain softbank in tokyo and ten cent uber feeling it as well. david, as i look at chinese avrs, they're down nearly 20%. the idea that china has zero tolerance policy towards the virus is hitting a lot of internet names, including alibaba down 4%. >> a lot of different cross currents that anybody invested in chinese stocks traded here or there had to deal with this year also, implosion of a number of companies in the real estate industry or concern about that as well. didi, you can remember going back to the day after it went public when we heard about all of the concerns of chinese regulator, people wondered why didn't we hear about that prior to the company going public, did the underwriters know at that point perhaps given that this may not be a public much longer. >> it unravelled so quickly. i remember talking about it ipo day, do you know the risk of getting into the chinese market and then the headlines hit a lot of shareholders were not aware there was pressure to hold off on the offering. t

over in tokyo, stocks under pressure with softbank giving back after monday's rally. more than 4.5% operating income after net sales beat in the third quarter and it does bode well for longer growth. we are seeing pressure after a 28% drop. in the asia-pacific, we have internet companies providing the biggest and no surprise, -- this wednesday, we get report cards from names like mazda. haidi: earnings reported should help gauge china's regulatory crackdown. our next guest has a ranking for tencent and the main concern is online advertising. joining us is the managing director of eight -- i is the advertising piece one investors may not be paying attention to? >> a lot of investors pay attention to the online gaming business. actually, 10 sent has found new games launched in the fourth quarter and that's fine. but it is a business that is difficult to track. my understanding is there has been some luck because there's no data protection policies and seeing competitive pressure from other short video platforms. that is where i have cut my forecast on their advertising

. >> that softbank story is interesting. we're going to talk to a china expert on that from j.p. morgan in a couple of minutes saw that, $54 billion. but it's actually good since we're less under the control of china, but i don't see how $54 billion loss in value in three months can really -- i guess you have to put the best face on it >>> federal reserve governor randall quarles announcing plan to resign, now giving biden four seats to fill on the board quarles was appointed in october of 2017 by president trump former president trump people get mad when i say president. i don't know why we say president clinton, still right. >> yeah. >> he would have been eligible to remain governor until 2032, but his term as vice chair lapsed last month and he made enough money in his trading account -- that's a joke bad joke, too. shouldn't kid around about that. president biden inherited one fed board vacancy. there could be one more after cl claireta's term expires in january and we'll find out whether the president is going to offer a second term to chair powell what the journal conjectur

it has prompted a massive buyback for the likes of softbank. the hang seng up by 1%. gains for the cost be rational marginal -- are rather marginal, 0.1%. inflation concerns are front and center. as we talk about inflation and brent crude suring upwards -- surging upwards by 1%. talk about u.s. coal hitting 12 year highs adding to inflation concerns and gold by 0.2% after sinking lower on the inflation. yvonne: we have more on the oil markets and we bring in sharon in singapore. the oil market is a limo. where waiting to see if the u.s. will release strategic reserves. what do you think would prompt a move to the market? >> oil is heading upwards this morning. it has been moving up and down about five dollars a barrel in the last few weeks. as it waits for a decision from the biden administration on what it wants to do with supply. the oil that biden -- has caused producers to ramp up faster since it's fighting inflation and prices are really escalating at the pump. the most likely scenario -- may be even a ban on u.s. crude exports. still have not heard anything on w