The afx 200 is starting the day off with a gain. 5350 three is your gain. It is less than a 10th of 1 up. Following, is also no. It is unchanged. 4768. The new Zealand Dollar spot is weakening right now. Were counting down to the open in japan and korea. Lets head right over to japan. In an hour we will open for the first time this year today. Last year a gained seven cents of 1 . 1 . 7 10 of on it starts its first full trading day of the year in japan. The dollar yen strengthening. To our top story. Posting a profit but just barely. Htc earnings missed estimates for a fourth consecutive quarter. We have a look at the sales them down. Gging you can really blame it on sales. This is the largest phone launch to date. It halt this a slowdown we have seen for nine consecutive quarters. Downeye sizing up robert junior to help promote the brand and bring awareness in greater china. Ticket look at the Fourth Quarter figures. Income rising to 10 million, misting estimates by 55 . This is the second consecutive operating loss. The revenue falling to 1. 4 billion dollars. That is nine quarters of declines. This means that they posted the first annual loss in 2013. Profit is close to a 25 stake. Lossavoided their second on record. No doubt the celebrity endorsements are not really working for blackberry or htc. The ironman not working well. Feelings are absolutely the pain. Absolutely. This is up marginally, numeral three percent. If you look at a oneyear chart, a couple of things going on. Theye end of last month, had a new guy in place. Globalow in charge of sales. His responsibility Going Forward is to help make sure theres no longer a decline in terms of the sales figures. Take a look at what the company has been experiencing. Manufacturing delays, Quality Control problems. Specifically the technologies. We were referencing this off by 52 . He can say a lot of the problems stemming. Management changes. Resignations at the top six that have occurred over the past three years. They have really provided investors with the sense that perhaps management does not know what is going on. If you cannot capture this it will not trickle through the balance sheet. You will not see a net income figure that is pretty resounding. 10 Million Dollars is almost nothing when you are a big company in this space trying to have dominance in the smart phone space. Investors are surprised for the second consecutive quarter. This was an unscheduled release of earnings. What does that say . A could be a new trend. If you do not have great news do it on a weekend. Thank you so much. Were going to check japanese automakers when tokyo kicks off their session. Three of the big carmakers fell short of forecasts. Toyota saw sales decline 1. 7 in december. Honda sales rose nearly 2 . Were short of expectations. Honda managed its second best year ever in the u. S. Climbed 11 . S the most among the six biggest automakers in the u. S. They still missed estimates. The price a bit cloying has nearly erased the tumble that began last year. Backxchange says it is above 1000. They got a boost when it seemed as said it was start accepting them for games like farmville. Erica is a bracing for the polar vortex with record low temperatures following the blizzard. It is a counterclockwise rotating pool of cold air that is affecting more than half the continent. New york and new jersey has declared a state of emergency and thousands of flights have been canceled or delayed. Protesters in thailand have stepped up their campaign against the government ahead of next weeks planned siege. Leaders say they will cut power and water to official buildings on january 13. They will stop government workers getting to the offices. The Electoral Commission has proposed doing this to april or may. Were going to be live in bangkok a little later this hour. Markets here and hong kong have had a rocky start to the year. On friday investors watched as stocks tumbled the most in weeks. 2014 still holds some prominence. We still have a full year. David is here with the details. What does this look like for hong kong. 364 more days to be exact. It is too early in the morning. Is average forecast at this a return of 10 from the end of 2014. It is a 12 gain. Where does this put us . 25,600 for the hang seng index. Some of these more bullish estimates are putting these at 27 or 28. It is possible. Chinese companies are listed here in hong kong. Chris wiese expects this index to return 39 . Reforms thesese could provide more lips as he had into 2014. As for the favorite sectors, telecom, population or baby linked Companies Like milk producers because of the reform. It is a bit tricky. Theres an almost distrust for local companies in china for some of them here. Insurance is one of the favorite sectors because of reforms. Is not taxdeductible for them to contribute to the pension funds. Infrastructure, Raw Materials and property. Are gaming and internet. They have gotten too expensive. It is about the china play an chinese reform. What about valuations . Stocks in hong kong right now have slumped last week. Valuations are kind of low. It is a buying opportunity . It is the cheapest in asia. Things is most common that it is really compelling. The prices in hong kong, the valuations. It may be another reason why it was favored. You look at your screen, h shares are selling at 7. 7 times earnings. It is cheapest in asia compared to the nikkei 225 which is at 25. Another thing to note is it is also cheaper. If you look at the weightings, there are property and banks are fairly heavily weighted. That is why things are cheap europe. People have been avoiding chinese financials. That is a very good point to note. Coming up later in the show, china wants to host the 2022 Winter Olympics. It has the money. It has the will. There is a key ingredient missing. A special report later this hour. Our next guest expects a more robust china in 2014. The recovery four i mean remains elusive. Welcome back. Lets take a look at some of the events we will be following. In the worlds Biggest Smartphone maker is out with results on tuesday. The money probably cap pouring in for samsung. They probably posted 10 billion in the final three months of 2013. That would amount to the slowest growth in two years. Losing momentum in china. Exports are out on wednesday january the eighth. Growth in overseas sales is expected to have slowed to almost half the rate of the previous mom. On thursday the very next day. It is home to one of the worst performing currencies in the region. Policymakers have been raging with borrowing costs high. Economists expect no change this time. Lets get more on what to watch out for this week. Joining us is angie master. Is good to see you. Happy new year to you. Lets just talk about india. We have him step down on friday. That thisarks he said is going to be a disaster for india. With all of this talk about clinical uncertainty, how does india fair for investors . If you look at the new , iters that are emerging also spur congress and to do something that had been sewing for a long time. Rapid a fairly appearance. I am reasonably positive that whichever party comes into power, the momentum Going Forward is positive. Much more will be focused on policy reforms than issues that are getting us nowhere. I am recently positive. Given that the elections are due in may it will probably be the second half of the year where we start to see the momentum built up. Also out with elections in june. It is Rate Decision day. This,ramp up to all of how will Indonesia Play out . You think the central bank there is going to have to be forced to act . It is a needhink to act. We do not think they will have to back much further. Even though the rupiah is weak were starting to see this improving. They have reasonable success. You look at bank lending, it has not slowed down enough. Overall, it does seem the momentum and growth is slowing. That means the pressure will be reduced. All in all, things are getting from growth. That means they can afford to take a break this time. Do you think will drive the momentum in asia . Coming from it is the u. S. . It will be developed countries as a whole. The growth momentum is improving. We will see greater contribution coming in from exports. That said it will not be something that we will say after the races. A is not being accompanied by similar or rapid increase. I want to listen to the sound by coming out of philadelphia. Been burning key basically saying that the u. S. Economy is recovering. It cites the need for transparency. Lets listen in. Fed needs to educate and explain. It will only grow. When you set in the office in 19 79, there were no Financial News channels. The fed must continue to find ways to navigate this changing environment while providing clear objectives and reliable information to the public. To do you think with janet yellen taking the home that this transparency is going to be just as important to her . Absolutely. I think communication from the a very important ingredient of u. S. Policy as it is for any other central bank. To be very critical. On one hand you have an unwind of the qe program and on the other you have forward guidance. How you commit will be very critical now. Central banks in asia are as optimistic about the kind of communication coming out of the Federal Reserve . We heard a lot of criticism from the bank of korea last year. I do think the criticism came before the qe Withdrawal Program was announced. Tothat extent it does seem be the fact that theyre quite comfortable. What is your forecast as it drives this region for work . Will be close to 8 this year. China is setting its sights on the 2000 22 olympics. We will have more after this short break. Were a month away from the Winter Olympics in russia. Ive years after hosting the summer olympics, beijing is making a joint bid for the 2020 two event. Stephen engel reports the bid could get a frosty reception. You need to drive at least four hours northwest to get to where chinas olympic organizers want to hold the outdoor event. The problem is its in the whole drive basin. There is no snow to be seen anywhere. Just the great wall of china ahead of us. At making it to ideal for Winter Olympics. More challenging is that he is a gritty water scarce city in the heart of coal and still making country. I thought we were getting out of this. China will undoubtedly throw billions of cleaning up and building things out including a highspeed rail link to the slope. Theres more work to be done. There is no snow at all. This offers few clues of a nearby winter resort. This is january. Only at last see the slopes, the evidence is all man made snow. Ok. Ready to go. This is one of the newer ski with 30in the area trails, a gondola and a heated chairlift. 22 lists are planned serving 80 trails. The runs are not long and hard from challenging. Skiing is a relatively new sport for the chinese. China should have a chance. It is about will. Straightconomy is strong in the government is quite committed. Theres not a single slope that conforms to olympic regulations. There are a couple of resorts being built nearby that meet olympic standards. They might not be known for snow but it is known for the better, chilly wind. It is also extremely icy. What do you think . Worldclass . Not at all. It is a great help. Not bad for china. It is not worldclass. If you are going to try to have an olympics here what it is lacking is amenities. If they get there. By the time you get there, i am not sure when. It would take a wild. One thing you really need is snow. Here it is a little bit tough to get the kind of snow you want to have for the olympics. It is a good place to come for the family. I do not think it is ready for the olympics. They are bidding against five other cities from norway, sweden, ukraine, and cause extent. Inc. Has china may have the will and the wallet to host the winter games but maybe not the right weather. All you need is snow. You can get more on that in all of the days top stories. You can watch us live where ever you are. Head to the app store and download it from there for your iphone devices as well. Checking some other stories making headlines around the world. Cambodia has banned Opposition Party rallies in a new crackdown on dissent. It follows the deaths of protesters on friday. Leaders attended the funerals and later called off major demonstrations for sunday. The figures have been summoned to court next week. And accused of inciting crime and undermining public security. Rescuers still hope to find survivors in the rubble of a collapse the building. At least 15 people are known to have died. It is not clear how many people were on the site when the five story structure came tumbling down. Police are investigating the developer and officials who approved the project on marshland. The Building Contractor in the construction manager had disappeared. This may escape today. The change in the weather brings more favorable conditions. This became stuck in the ice packed after rescuing more than 50 people from the vehicle which was also trapped. Forecasters say a cyclone is approaching. Michael schumacher remains ly ill after skiing in france. He was saved by his home when he hit a wall. His mother and fatherinlaw visited him. An allegedlling for mobile phone pictures to be handed in. Up next, more pressure on the thai Prime Minister. We will be live when first up returns. Shutdown showdown. Protesters aim to bring bangkok to a halt a week from now. Arerts that part of beijing unfit for Food Production because of this. We have a special report. Monday morning. It lets get straight to the markets. To australia where the sx 200 is now flipping into the red. It is fractionally lower. This is the level here. The Australian Dollar is u. S. Cents. G 89 new zealand this morning started the day off unchanged. You could say there is little activity there right now. Pretty much unchanged in the past half hour. New Zealand Dollars spots, the kiwi is weakening. 82 u. S. Cents is the level they are. We have been telling you about thailand. Is that eckhard is now their live. Antigovernment protesters have set up the campaign. Will bring the city to a halt a week from today. Zach is in bangkok. How big were the latest demonstrations . Good morning to you. We saw thousands of people in the thai capital yesterday. They call it a warmup protest for their plans to shut down the city of bangkok. This is through the western part of the capital. This is largely a move to try to drum up support to get people to join them next monday. They will paralyze the city, shutting down major intersections. The ultimate goal is to force the Prime Minister from office. No reports of violence or injury yesterday. Another is set for today at 10 00 a. M. Told to make been extra precautions as they try to get to work today. Everyone is watching very closely. We know this was the election day. Now we are hearing that they proposed april or may. Is this an attempt to avoid the violence of the streets . As that. Tainly is seen the Election Commission here movinged it may propose the election to april or may and exactly that to avoid violence. You can recall the violence we have seen in past political protests in bangkok and certainly the government does not want to see that happen again. It is unclear whether that will happen. Befriday in what appeared to a victory, the election still will go forward. Are movingers through the streets. Want to the election is delayed, that is their key goal. Reforms takesee place. Yesterday the Prime Minister said the election and reforms would go handinhand. We have rdc and the impact on the index on the equities as well. Ofrism is an integral part thailand economy. How extensive do you think the impact will be likely to the tourism sector. Where are the signs of stress you are seeing most of what . Prevalent question mark this is a peak time for travelers from europe and elsewhere all to warm up. Hasnow that singapore canceled 19 nonstop flights through february on concerns that the unrest will lead to a slump in taurus in. That is what youre hearing from operators. Lessentally there is activity than you might need in terms of visitors coming in for certain destinations. Thispends how significant impacts the center of the city where they plan to hold these protests. Will it be possible to get to and from the airport . They found a blocked intersection. Say it is developing its own contingency plan and had an emergency meeting over the weekend on news that singapore and other airlines have started already to cancel their flights. Zev eckhard keeping a very close eye on the situation in bangkok. To our neck story. One of the political challenges facing china, the toxic air. Ideasg has announced more. They are unfit for Food Production. Joseph, coalfired plants in china are a huge program here in this nation. It is probably the key contributor. What is china doing . It is 80 of electric power generated from coal powered plants. Problem. T of the they are trying to reduce a percentage of the total. You cant do it overnight. Wins, powerlding capacity, a lot of power. Formsre putting in other of fuel. Theyre trying to make this environmentally friendly. This will reduce the locks. Theyre putting a lot of effort into this. The issue is that it is a huge problem. That hasa huge problem been decades long. The run up to the situation where it is almost unfathomable to think the size of belgium in china can no longer support agriculture. Why has china not acted any sooner . What happened in china, you have had an acceleration in the Economic Growth. You have a lot more industry coming through. On the electric generation site, they needed to put up as much capacity as possible. For two or three years they were putting up one year. The world has ever seen that before. To handle the aftermath, the environment. Have said, some of the utilities listed in china, clean best in 2000rm the 13. Why . The answer is the environment. Toward thesitive sector in particular. Hascally their business generated power out of the generation. There are these clean guys. Been quiteve positive. These g