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tom: stephen engle the ground.he uss israel has agreed to a six-week cease-fire in exchange for hostages. bloomberg's news director rosalynn madison joins us. what has changed and are we any closer? >> we seem to be edging closer to a cease-fire but there are things that still have to happen. they where due to hold talks but signs of friction with israel wanting to know the status of the remaining hostages. hamas is resisting that so maybe talks break down before they began. israel has agreed to a cease-fire. we've been here before, this close to a cease-fire and then one side will say the other is not in good faith. israel may begin a nonoffensive by the start of ramadan so we only have a week to get a cease-fire. tom: israeli were gavin and -- war cabinet member benny gantz is coming to the u.s.. what is the significance? >> is interesting it is benny gantz, a member of the war cabinet who is a centrist and has opposed netanyahu. they are now working together in terms of the war, but he is pushing to go slow on t
tom: stephen engle the ground.he uss israel has agreed to a six-week cease-fire in exchange for hostages. bloomberg's news director rosalynn madison joins us. what has changed and are we any closer? >> we seem to be edging closer to a cease-fire but there are things that still have to happen. they where due to hold talks but signs of friction with israel wanting to know the status of the remaining hostages. hamas is resisting that so maybe talks break down before they began. israel has...
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Mar 26, 2024
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stephen engle joins us now. we just heard the focus is on geopolitics. their economic and market concerns as well. stephen: absolutely. the chinese economy is sluggish, no doubt. that may be a bit of a misnomer. it is hurting, and those apple numbers in february with sales down 33% for the iphone is a punctuation point on that as far as the consumer. there are bigger issues with the debt loads at the local level, and the ongoing property troubles. that spills into the broader economy and those who are trying to sell into this economy. that is what boao is about, many of them have not been here in five years. this is my first time back in five years, since 2019. this is an event that tries to liken itself to the world economic forum for china. it is slow this year for sure. they're not as many guests, partly because the china developed form was being held over the weekend in beijing and privately, many of the american ceos were told to perhaps stay little bit longer in beijing because they could potentially meet a senior leader. that was widely believed t
stephen engle joins us now. we just heard the focus is on geopolitics. their economic and market concerns as well. stephen: absolutely. the chinese economy is sluggish, no doubt. that may be a bit of a misnomer. it is hurting, and those apple numbers in february with sales down 33% for the iphone is a punctuation point on that as far as the consumer. there are bigger issues with the debt loads at the local level, and the ongoing property troubles. that spills into the broader economy and those...
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Mar 19, 2024
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tom: stephen engle in tokyo.n chu, rate strategist for bloomberg intelligence, let's get into the market reaction from the boj and live pictures. your take on the market. >> they are not happy with what they are getting. he tell fish hike. that anchored expectation. we saw japanese equities and the yen drop. that is understandable. it's not like they hyped by 100 pips in one go. the yen will be under pressure. the fed will matter more than the boj. tom: the fed will matter more on the back of this from the central bank of japan. the fed decision will come through tomorrow with the updates in focus. ueda saying they will use short-term policy is the tool and in terms of the policy will remain for a while. this is an exit from policy, not an abrupt shift. japanese 10 years, a bid in the session, yields are down. the yen is weaker past 150. how do you expect that to evolve? >> straightforward, it does not care about the outcome. one of the reasons the bank of japan is scrapping control is the stability of the 10 yea
tom: stephen engle in tokyo.n chu, rate strategist for bloomberg intelligence, let's get into the market reaction from the boj and live pictures. your take on the market. >> they are not happy with what they are getting. he tell fish hike. that anchored expectation. we saw japanese equities and the yen drop. that is understandable. it's not like they hyped by 100 pips in one go. the yen will be under pressure. the fed will matter more than the boj. tom: the fed will matter more on the...
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Mar 28, 2024
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let's get back to stephen engle who is standing by with our next guest.tephen: scott morris is a vice president. thank you so much for joining us this early morning. the two big themes that are being discussed is not just the chinese slowing economy and new priorities, there is belt tightening at the reform commission. at the same time going into new industries, the new big three. also, climate initiatives is a big push at boao. on the other is the geopolitical tug-of-war between east and west. how does it change the way you look at lending and risk mitigation? scott: it is good to be with you. i guess what i would like to emphasize is we have been very busy in the last year, defining rendition as the region's climate bank. we are focused on what that looks like, how do we respond to client countries across the region. china is a big part of that equation. they are a big shareholder of adb. we are trying to answer the questions of, how do we match the scale of ambition that is needed and how do we deploy our resources? this is a region that is driving emi
let's get back to stephen engle who is standing by with our next guest.tephen: scott morris is a vice president. thank you so much for joining us this early morning. the two big themes that are being discussed is not just the chinese slowing economy and new priorities, there is belt tightening at the reform commission. at the same time going into new industries, the new big three. also, climate initiatives is a big push at boao. on the other is the geopolitical tug-of-war between east and west....
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Mar 27, 2024
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stephen engle is there.alk about the importance of the meeting with the chinese president and ceos. how significant is the meeting? stephen: well the forum as you well know is an annual meeting put on hold through the pandemic and covid zero. this is a tour of the u.s. and executives to come to china in beijing and meet with leaders, but 2700 kilometers to the south for the balaam forum. i have not been here because of covid zero so this was a get reacquainted tour. we got wind last night that xi jinping would meet the u.s. delegation not only executives, but heck damien -- academia. blackstone's steve schwarzman was a participant and tim cook was there. albert boiler was there and the heads of fedex and show but were there meeting with chinese officials. usually they meet with the premier and this time, li qiang was sidelined just like we saw at the national people's congress. it was xi jinping who came in today and met face-to-face with executives. tom: you are on the ground and you been speaking to leader
stephen engle is there.alk about the importance of the meeting with the chinese president and ceos. how significant is the meeting? stephen: well the forum as you well know is an annual meeting put on hold through the pandemic and covid zero. this is a tour of the u.s. and executives to come to china in beijing and meet with leaders, but 2700 kilometers to the south for the balaam forum. i have not been here because of covid zero so this was a get reacquainted tour. we got wind last night that...
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Mar 17, 2024
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annabelle: that was stephen engle and garfield reynolds in sydney. china's economy and focus as we look ahead to its monthly data dump in the race to hit beijing's ambitions 5% growth target. we will have a preview coming up. this is bloomberg. ♪ haidi: -- annabelle: taking a look at different risk assets as we await the biggest week of central-bank decisions over the course of 2023 so far. it points to the level of uncertainty, a lot of traders think they know where they are going this week, but you want to wait and see for the level of certainty, but the fed, boj amongst the big headliners, rba in this part of the world as well. the focus is interesting as well. let's get more perspective with a chief economist joining us this morning. looking big picture, if you take us back to a few months, a year ago, opposed to the spike in inflation central banks were syncronized. everyone was moving to tame price pressures. now it seems like we are getting a lot less nsync -- in sync. >> every central bank is looking at its own situation and trying to balance
annabelle: that was stephen engle and garfield reynolds in sydney. china's economy and focus as we look ahead to its monthly data dump in the race to hit beijing's ambitions 5% growth target. we will have a preview coming up. this is bloomberg. ♪ haidi: -- annabelle: taking a look at different risk assets as we await the biggest week of central-bank decisions over the course of 2023 so far. it points to the level of uncertainty, a lot of traders think they know where they are going this week,...
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haidi: our chief north asia correspondent stephen engle there. coming up, ftse russell holds off on adding south korea and india to its key bond indexes. we are getting the details on that. but before that, hear why allspring global investments are not ruling out a fed rate cut in the first half of the year. we will get more on their outlook next. this is bloomberg. ♪ [sfx: wind, rain and rolling thunder] nobody's born with grit. british announcer: rose is really struggling. it's something you build over time. american announcer: that's 21 missed cuts in a row. [car trunk slammed shut] for 88 years, morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see. american announcer: rose, back in the winner's circle. [crowd cheers] [music out] starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs t
haidi: our chief north asia correspondent stephen engle there. coming up, ftse russell holds off on adding south korea and india to its key bond indexes. we are getting the details on that. but before that, hear why allspring global investments are not ruling out a fed rate cut in the first half of the year. we will get more on their outlook next. this is bloomberg. ♪ [sfx: wind, rain and rolling thunder] nobody's born with grit. british announcer: rose is really struggling. it's something...
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stephen engle outlined the priorities at this year's two sessions. >> early spring's crosscurrents injing can be tough to read, as china faces a host of economic headwinds ahead of the annual session of parliament, the national people's congress. with property market turmoil, poor consumer confidence, persistent deflation, destabilized geopolitical ties, along with plummeting fbi and a rocky stock market. simply put, it has not been a good first year for president xi jinping since taking a president-busting third consecutive term last march. >> the economy is slowly recovering but the confidence have not come back. >> while beijing replaced the head of the securities regulator and cracked down on so-called malicious shortselling. thanks eased the loan prime rate tied to mortgages and consumers came back and spent mightily during the week-long lunar new year holiday, the best set of spring festival numbers since pre-covid. but was it enough to turn the winter bears into spring bulls? >> 2023 has been an unfortunate confluence of inflation and de-risking. this year policymakers want to
stephen engle outlined the priorities at this year's two sessions. >> early spring's crosscurrents injing can be tough to read, as china faces a host of economic headwinds ahead of the annual session of parliament, the national people's congress. with property market turmoil, poor consumer confidence, persistent deflation, destabilized geopolitical ties, along with plummeting fbi and a rocky stock market. simply put, it has not been a good first year for president xi jinping since taking...
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Mar 19, 2024
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stephen: i'm stephen engle in tokyo outside the boj headquarters. the central bank, looking set to raise rates for the first time in 17 years while reportedly scrapping the yield curve control. paul: well and in sydney. rates have a 12 year high with the economy showing slow -- signs of slowing further while employment trends higher. haslinda: big day for markets. let's get avril hung in singapore with how markets are doing. it is about the boj and we are bracing for madness. avril: we are waiting with bated breath. reports about the scrapping yield curve control along with buying of etf's and all with rate hike potentially. let's look at how markets and japan are faring. you get the sense regardless of the normalization of policy, markets believe the nikkei can run higher. the fundamentals are intact amid all this corporate governance improvement. we saw it decline in the morning session but it did close 2.7% higher just yesterday. we see in the options market, for example, the contracts for the strike price above the 41,000 level. those were activ
stephen: i'm stephen engle in tokyo outside the boj headquarters. the central bank, looking set to raise rates for the first time in 17 years while reportedly scrapping the yield curve control. paul: well and in sydney. rates have a 12 year high with the economy showing slow -- signs of slowing further while employment trends higher. haslinda: big day for markets. let's get avril hung in singapore with how markets are doing. it is about the boj and we are bracing for madness. avril: we are...
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Mar 5, 2024
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i'm stephen engle outside the great hall of the people in central beijing, where premier li qiang has just delivered his annual work report, promising to deliver around 5% gdp growth. he also admits it's going to be a tough task without policy support. haslinda: the other top stories, markets remain cautious on china's growth target as the skepticism persists over whether policy moves will be forceful enough. bitcoin back near its all-time high, with bullseye being $70,000, and the meme coin frenzy returns as dogecoin outperforms the original cryptocurrency. it is about china and the nbc, the 5% growth target, ambitious they say because of the higher base versus last year, also a budget deficit of 3% of gdp which some say is uninspiring. the csi 300 index reversing earlier losses, now boosted after li qiang talked about plans for urbanization and regional development. traders say while they are not many bright spots, what is important is that there are no scares. the benchmark is really low. csi eking out gains so far, no abnormal etf trades, so perhaps the national team is not in pla
i'm stephen engle outside the great hall of the people in central beijing, where premier li qiang has just delivered his annual work report, promising to deliver around 5% gdp growth. he also admits it's going to be a tough task without policy support. haslinda: the other top stories, markets remain cautious on china's growth target as the skepticism persists over whether policy moves will be forceful enough. bitcoin back near its all-time high, with bullseye being $70,000, and the meme coin...
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Mar 15, 2024
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ambassador to china speaking with our chief north asia correspondent stephen engle.teve mnuchin says he has spoken to potential co-investors about buying tiktok. the former u.s. treasury secretary made the comment to cnbc but declined to give specifics. he runs a private investment firm that counts saudi arabia among backers. tiktok's u.s. business would be worth up to $40 billion. >> i think the legislation should pass and i think it should be sold. i understand the technology, it is a great business, and i am putting together a group to buy tiktok. they should be owned by u.s. businesses. there is no way the chinese would ever let a u.s. company owned something like this in china. haidi: we have breaking news when it comes to samsung and the chips act grant it is potentially going to receive. the u.s. is planning to award more than $6 billion to samsung electronics to help them expand beyond a project in texas they have already announced. this is under the chips act grant and awards are expected also for samson and tsmc and intel put the money would be one of the m
ambassador to china speaking with our chief north asia correspondent stephen engle.teve mnuchin says he has spoken to potential co-investors about buying tiktok. the former u.s. treasury secretary made the comment to cnbc but declined to give specifics. he runs a private investment firm that counts saudi arabia among backers. tiktok's u.s. business would be worth up to $40 billion. >> i think the legislation should pass and i think it should be sold. i understand the technology, it is a...
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Mar 12, 2024
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stephen engle has more.tephen: the 2010 chinese movie the piano depicts how much a piano was an aspirational goal of chinese households in the early 1990's. as a laid-off steelworker builds one by hand to try to keep custody of his daughter. today, piano stores across china are devoid of customers. once a status symbol to own, domestic piano production last year plunged to half what it was four years ago. the central government wants households to spend more to fight entrenched inflation but it is also tightening its fiscal belts. >> we will practice frugality and reject extravagance. stephen: the average chinese middle-class consumer can be a big spender that we also know that households are feeling the pinch from a slowing economy exacerbated i falling home prices and a stockmarket route. after the social safety net was dismantled, chinese households became big savers. right now with the economy suffering, they are hitting the pause button on big-ticket nonessential purchases. >> the domestic economy is no
stephen engle has more.tephen: the 2010 chinese movie the piano depicts how much a piano was an aspirational goal of chinese households in the early 1990's. as a laid-off steelworker builds one by hand to try to keep custody of his daughter. today, piano stores across china are devoid of customers. once a status symbol to own, domestic piano production last year plunged to half what it was four years ago. the central government wants households to spend more to fight entrenched inflation but it...
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Mar 11, 2024
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stephen engle.di: we are going to talk about why they think both countries -- ♪ okay y'all we got ten orders coming in... big orders! starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card. make more of what's yours. sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh haidi: one of the sectors in focus is the ev market which accounted for 60% of global sales in the past year. beijing is looking to
stephen engle.di: we are going to talk about why they think both countries -- ♪ okay y'all we got ten orders coming in... big orders! starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do...
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Mar 11, 2024
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annabelle: that was stephen engle.e have the greatest bloomberg markets live poll survey still suggesting a lot of investors are concerned about china's economic and financial problems despite beijing targeting the growth of around 5% for the course of this year. the poll also found 30% of respondents do not have any exposure to china whatsoever with another 20% planning to pull back over the coming 12 months. here is what some of our guests have been saying about the problems facing the world's second-biggest economy. >> our view is one should not invest in china. >> i do not think it is an investable per se. >> declines will continue to play. >> be very careful if you are investing in china. >> we think the economy will continue to slow down for the next 10 years. >> the biggest risk is policy may become complacency. >> it is not clear with the overall general direction of the overall general direction of policy will be long-term. >> china has passed the stage where they want to throw a lot of money and build a lot o
annabelle: that was stephen engle.e have the greatest bloomberg markets live poll survey still suggesting a lot of investors are concerned about china's economic and financial problems despite beijing targeting the growth of around 5% for the course of this year. the poll also found 30% of respondents do not have any exposure to china whatsoever with another 20% planning to pull back over the coming 12 months. here is what some of our guests have been saying about the problems facing the...
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Mar 1, 2024
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yvonne: that was stephen engle with an alphabet soup of meetings happening next week.s we look ahead to the npc the focus will be on xi jinping and his tight control over the time economy as he begins to serve the third term making him a bigger target as china's slowdown hits household wealth and protests rise. let's get to our china government editor joining us on the story. >> xi has centralized all powers but with all the power in the world he cannot make everybody happy. with the economic slowdown people are feeling pain. we are seeing a rise in protests, across china was sleep economic in nature. yvonne: he has consolidated a lot of power. at what point does it impact the president? >> as far as we know he is not threatened immediately and he has built a lot of loyalists around him. the party structure is in tact but he would be wise to pay attention to the general discontent on the street as more people are having their paychecks cut and expressing discontent with local governments that cannot afford to pay them as much as before. haslinda: is it all about commun
yvonne: that was stephen engle with an alphabet soup of meetings happening next week.s we look ahead to the npc the focus will be on xi jinping and his tight control over the time economy as he begins to serve the third term making him a bigger target as china's slowdown hits household wealth and protests rise. let's get to our china government editor joining us on the story. >> xi has centralized all powers but with all the power in the world he cannot make everybody happy. with the...
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Mar 18, 2024
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for more let's bring in stephen engle in tokyo and mark cranfield here. stephen, will they or will they hike rates tomorrow -- or won't they hike rates tomorrow? >> it looks like they will. the former w governor of the boj admits they will go and it is pretty much baked in now, whoever leak leaked it to the press, it will likely happen tomorrow, you can almost bet on it. but is it the right decision and will there be any telegraphing going forward of future rate hikes, probably not, we will probably get a very accommodative speech from the governor tomorrow essentially the central bank through the 90's and then led up to of course the continual deflation in japan before the turnaround essentially was filled with policy mistakes many people say prematurely with growing stimulus and then getting the political blowback so they will be pretty crawfish -- cautious while at the same time amend to sleet stepping away from negative interest rate policy that has lasted for 17 years and goldman sachs report highlights that they have basically made the call and pred
for more let's bring in stephen engle in tokyo and mark cranfield here. stephen, will they or will they hike rates tomorrow -- or won't they hike rates tomorrow? >> it looks like they will. the former w governor of the boj admits they will go and it is pretty much baked in now, whoever leak leaked it to the press, it will likely happen tomorrow, you can almost bet on it. but is it the right decision and will there be any telegraphing going forward of future rate hikes, probably not, we...
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haidi: bloomberg stephen engle in beijing.et's bring in for analysis the chief asia pacific economist at vanguard group. always great to have you with us. if we get around 5% does get -- does that give you confidence more forceful fiscal stimulus might be in the cards? what do you think is the risk of setting the target too high or too low? >> good morning. i think that the five percent risk target for this year will be more challenging compared to what we experienced last year because last year you had some pent-up demand after the reopening. this year, pretty much the hope is what the government can do with the policy stimulus, especially on the fiscal side. i think that regardless of the growth target the market for this will be very much what specific measures could come up to support the economy. at this moment, i think the focus will be, what is the official fiscal deficit and how much will be the special local government bond quota? and what other measures, especially on the consumer side, to sustain recovery in domesti
haidi: bloomberg stephen engle in beijing.et's bring in for analysis the chief asia pacific economist at vanguard group. always great to have you with us. if we get around 5% does get -- does that give you confidence more forceful fiscal stimulus might be in the cards? what do you think is the risk of setting the target too high or too low? >> good morning. i think that the five percent risk target for this year will be more challenging compared to what we experienced last year because...
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our chief north agent correspondent stephen engle joins us live from beijing. we know it will be around 5% perhaps. still it means we need to see a lot more supportive policies coming through. stephen: yeah. are we going to see a lot of supportive policies coming through? i think they will talk a good game. obviously over the next 10 days or so of the national people's congress that begins tomorrow and probably runs through about the 11th. we don't have the final date yet. of course today is also the cppc the national advisory to the people's conference. that's why we are here previewing this. as of the last guest rightfully said, the world, really, and, investors are looking at china to see what kind of forceful measures might come out of this two sessions to stimulate and restore confidence. i agree with the guest bed said implementation will be key as well. as -- so far xi jinping and collective leadership in beijing has avoided the big bazooka approach. yes, we have had the national team come in and support the stock market what it was wobbling at the begin
our chief north agent correspondent stephen engle joins us live from beijing. we know it will be around 5% perhaps. still it means we need to see a lot more supportive policies coming through. stephen: yeah. are we going to see a lot of supportive policies coming through? i think they will talk a good game. obviously over the next 10 days or so of the national people's congress that begins tomorrow and probably runs through about the 11th. we don't have the final date yet. of course today is...
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Mar 4, 2024
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our chief north asia correspondent stephen engle joins us live from beijing. this is the first time we have seen this happening in three decades. talk us through the significance of a press conference like this not going ahead. >> it is significant because this is the one chance a year that the public or the journalist community get an opportunity to pose questions to a senior leader. usually -- it is always the premier. in years past it has been an area where they were able to talk extensively about certain policies and explain things in great detail without necessarily a script. for people like we could chunk and wen jiabao, they garnered a bit of respect and camaraderie with the people of china. the premier did. the leader of course, the president in this case xi jinping, is not speaking. does not hold press conferences ever. there is a disconnect and a distance between the people in the president. the premier was able to get more hands-on. that has been scrapped. it should also be not too surprising given how xi jinping has taken an unconventional approach
our chief north asia correspondent stephen engle joins us live from beijing. this is the first time we have seen this happening in three decades. talk us through the significance of a press conference like this not going ahead. >> it is significant because this is the one chance a year that the public or the journalist community get an opportunity to pose questions to a senior leader. usually -- it is always the premier. in years past it has been an area where they were able to talk...
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Mar 18, 2024
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. >> i'm stephen engle outside the bank of japan headquarters in tokyo. it is a momentous day with reports the central bank is poised to end the yield curve control and etf buying as hiking its key rate for the first time in 17 years. haidi: it is a busy day when it comes to the central bank docket. the bank of japan with steve in tokyo. also watching the rba decision. this is the picture as we start out the staggered start to trading. we are seeing the asx 200 a 10th of 1%. we did co strike a stocks. gaining higher financials and banks led the part of the gain. modest gains. a 10th of 1%. a lot of caution as we did see the rebound in financial stocks. expecting the rba to hold rates at the 12 year high on tuesday. . the focus will be the messaging around the 4.35% level it is staying at. we have seen 425 basis points of hikes since april of 2022. . the largest and fastest tightening in the tightening area. take a look at the drought when it looks at market expectations. markets do not see a full cut playing out until september. the drought so much, june,
. >> i'm stephen engle outside the bank of japan headquarters in tokyo. it is a momentous day with reports the central bank is poised to end the yield curve control and etf buying as hiking its key rate for the first time in 17 years. haidi: it is a busy day when it comes to the central bank docket. the bank of japan with steve in tokyo. also watching the rba decision. this is the picture as we start out the staggered start to trading. we are seeing the asx 200 a 10th of 1%. we did co...
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Mar 14, 2024
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nicholas burns with our chief north asia correspondent stephen engle.t to other geopolitical stories we are tracking now. the biden administration has sanctioned two israeli settlements in the west bank and called on israel to end violence against palestinians there. it's the second time since february the administration has imposed sanctions on israeli settlers. u.s. senate majority leader chuck schumer has broken with official policy calling for israel to hold elections. the leader of yemen's who the rebels says the group will expand -- houthi rebels says the group will expand attacks on israeli ships. saying it will not stop until the war in gaza ends. a ship broker said see traffic using the cape of good hope route is up 85% since december due to the houthi attacks in the red sea. you can see past interviews and our interactive tv function tv . you can also dive into any of the securities functions we talk about plus become part of the conversation by sending us instant messages during our shows. this is for bloomberg subscribers only area check
nicholas burns with our chief north asia correspondent stephen engle.t to other geopolitical stories we are tracking now. the biden administration has sanctioned two israeli settlements in the west bank and called on israel to end violence against palestinians there. it's the second time since february the administration has imposed sanctions on israeli settlers. u.s. senate majority leader chuck schumer has broken with official policy calling for israel to hold elections. the leader of yemen's...
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Mar 27, 2024
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chief north asia correspondent stephen engle at the boao forum in asia. from the fortescue founder and executive chairman andrew forrest in the next hour. you can catch all of this on line and catch up with past interviews inner interactive tv function, tv . you can also dive into securities or bloomberg functions that we talk about, entering into on the conversation they sending instant messages during our shows. it's for bloomberg subscribers only. do check it out, it's at tv . this is bloomberg. ♪ haidi: taking a look at how u.s. futures are trading at the moment. we see this month end rebalancing, a bit more caution kind of entering the picture after this rally we have seen. we are looking at an upside as we get to the sading in taiwan. this is bloomberg. ♪ okay y'all we got ten orders coming in... big orders! starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business ne
chief north asia correspondent stephen engle at the boao forum in asia. from the fortescue founder and executive chairman andrew forrest in the next hour. you can catch all of this on line and catch up with past interviews inner interactive tv function, tv . you can also dive into securities or bloomberg functions that we talk about, entering into on the conversation they sending instant messages during our shows. it's for bloomberg subscribers only. do check it out, it's at tv . this is...
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Mar 8, 2024
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paul: speaking exclusively to bloomberg stephen engle in beijing.lenty more to come on "daybreak: asia." this is bloomberg. ♪ paul: president bynum is expected to make his 2024 reelection pitch in just a few hours during his state of the union speech. it will offer clues to his priorities if he wins a second term in november. jodi schneider's with us now. this one will be particularly important for president biden, the last one before the 2024 general election. what are we expecting to hear today? >> we are expecting to hear more than a typical state of the union speech which is often a list of priorities and themes the president wants to accomplish, looking back on some achievements. tonight we expect to hear from president biden about why he should get another four years in this job after november. he won't do that as a campaign speech per se, but it will have any elements of that. he will be casting himself as somebody who americans can trust , trying to really deflect the question of his age at 81, he is the oldest president and certainly will b
paul: speaking exclusively to bloomberg stephen engle in beijing.lenty more to come on "daybreak: asia." this is bloomberg. ♪ paul: president bynum is expected to make his 2024 reelection pitch in just a few hours during his state of the union speech. it will offer clues to his priorities if he wins a second term in november. jodi schneider's with us now. this one will be particularly important for president biden, the last one before the 2024 general election. what are we expecting...
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Mar 19, 2024
03/24
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engle is outside the central bank in tokyo. so much anticipation but also so much that is being reported already in local media so is it any surprise perhaps that it would come today? >> the only surprise will potentially come in the press conference later today when the governor meets the press and gives a rationale for whatever decisions they make which has been widely reported by media here sort of a foregone conclusion what we also reported yesterday in addition to this morning we got the report saying in addition to exiting the negative interest rate policy for the first time in 17 years they essentially will scrap the yield curve control as well as etf purchases and purchases of jay reit's which they have not done since 2022 and etf purchase program has been in place since 2000 10 so there is a significant change to the mechanisms for monetary policy that will usher in significant change here and a boost of confidence as well and clearly the governor has signaled this was going to likely, at some point when we were last y
engle is outside the central bank in tokyo. so much anticipation but also so much that is being reported already in local media so is it any surprise perhaps that it would come today? >> the only surprise will potentially come in the press conference later today when the governor meets the press and gives a rationale for whatever decisions they make which has been widely reported by media here sort of a foregone conclusion what we also reported yesterday in addition to this morning we got...
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Mar 12, 2024
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haidi: that is the founder of the movie company with stephen engle. the argentinian central bank.s to be an off cycle move lowering the bench rate effective march 12. this as we expect inflation numbers to come through. they are expected to slow monthly but on an annual basis to top 280%. the president's fiscal efforts should be bringing relative monthly inflation relief. we see the argentina central bank lowering its benchmark rate to 80%. out of cycle. bloomberg was expecting a hold as well as the next meeting. more ahead on "daybreak: asia." this is bloomberg. ♪ annabelle: you are watching "daybreak: asia." looking at some of the bitcoin blinged stocks. the moves appear to be to the upside. watching bitcoin prices. we are above 2000 for the first time ever. let's bring in our asian finance reporter. i think that is the big question. we have had such a big run-up in prices. there is an event ahead. what are we expecting -- some sort of correction or further gains? >> you are right on the triggers that have led to the higher numbers. it is a relentless rally. if we take a closer
haidi: that is the founder of the movie company with stephen engle. the argentinian central bank.s to be an off cycle move lowering the bench rate effective march 12. this as we expect inflation numbers to come through. they are expected to slow monthly but on an annual basis to top 280%. the president's fiscal efforts should be bringing relative monthly inflation relief. we see the argentina central bank lowering its benchmark rate to 80%. out of cycle. bloomberg was expecting a hold as well...
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Mar 1, 2024
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our chief north asia correspondent, stephen engle, looks at the challenges faced by lawmakers in beijing national people's congress is china's annual session of parliament, convened usually every spring and the great hall of the people next to tiananmen square in central beijing. the npc sets the political agenda for the year ahead when 3000 delegates from around the country get their marching orders on day one in the form of a lengthy work report. while regarded as the highest organ of state power, the npc operates under the direction of the communist party of china. the npc legislates and executes the directives of the party. the roughly two week affair is known as -- the two sessions. the npc is preceded by a gathering of the chinese people's political consultant of conference, an advisory body supposedly representing views from the broader society and business community. even though party membership is not required to be in the cppcc it is advised by the communist party. haidi: talks at the wto and abu dhabi have been extended for a fifth day. nations are struggling to reach agreemen
our chief north asia correspondent, stephen engle, looks at the challenges faced by lawmakers in beijing national people's congress is china's annual session of parliament, convened usually every spring and the great hall of the people next to tiananmen square in central beijing. the npc sets the political agenda for the year ahead when 3000 delegates from around the country get their marching orders on day one in the form of a lengthy work report. while regarded as the highest organ of state...
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Mar 10, 2024
03/24
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let's get over to stephen engle.monday you would usually be ready to head back to the great hall of the people but there is no press conference. pieced together the puzzle pieces to tell us what was most significant for you this year. >> i have covered a lot of these national people's congress and the usually go on and on, upwards of tendo 14 days. this was a truncated version. seven days. also truncated in the fact that there will not be the ending with a press conference with the premier. you could read a lot into that. the messaging needs to come from xi but they will not give us the ability to ask the questions about the policies which were outlined in that work report from a week ago. and even that was fairly truncated. 56 minutes of a readout from the premier. sometimes they can go well into a second hour. also there press conferences were all truncated as well. we had the finance ministry, the ministry of commerce, the pboc all doing the same press conference midweek last week. i don't know if they are in a bi
let's get over to stephen engle.monday you would usually be ready to head back to the great hall of the people but there is no press conference. pieced together the puzzle pieces to tell us what was most significant for you this year. >> i have covered a lot of these national people's congress and the usually go on and on, upwards of tendo 14 days. this was a truncated version. seven days. also truncated in the fact that there will not be the ending with a press conference with the...
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Mar 18, 2024
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engle. really much of foregone conclusion and local media, but there are some risks present, so do we need another month to be sure of the strength we are seeing in the japanese economy? >> that is one of the big questions is why the hurry, and we had the former deputy boj governor, right handyman to the past governor kuroda was asking that same question, why the rush ? why not wait until april or beyond where you get a better picture and better data because the quarterly economic outlook comes out and data -- april, and that was the consensus in january that may be april was the bigger date on the calendar to circle because you would have a wealth of information about the overall health of the japanese economy. the annual wage negotiations in particular on friday when we got the largest grouping of trade unions in the initial wage negotiations agreed to 5.28% increase in annual wages. that is far better than a year ago already had a 30 year high up 320%, so that is something governor ueda w
engle. really much of foregone conclusion and local media, but there are some risks present, so do we need another month to be sure of the strength we are seeing in the japanese economy? >> that is one of the big questions is why the hurry, and we had the former deputy boj governor, right handyman to the past governor kuroda was asking that same question, why the rush ? why not wait until april or beyond where you get a better picture and better data because the quarterly economic outlook...
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Mar 15, 2024
03/24
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ambassador to china with our chief north asia correspondent, stephen engle, in beijing.rading in just under 15 seconds. we know there's been a lot of funds buying the dip in india. we saw a record amount by local institutions worth more than $1 billion on wednesday alone. small caps, recent dialing's are done more than 7% this week and that's on the back of consolidation. some stocks we are watching today include paytm, and paytm winning key payment approval needs to stay in business and that's according to some people familiar with the national payments corporation of india. they said lenders the likes of access make, hdf see, state bank of india willpower. two peer or upi payments on paytm. the index under pressure, down 0.4%. still to come, india's elections watchdog reveals prime minister modi's party was the biggest beneficiary of now banned monetary bonds. we will follow the trail, next. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license
ambassador to china with our chief north asia correspondent, stephen engle, in beijing.rading in just under 15 seconds. we know there's been a lot of funds buying the dip in india. we saw a record amount by local institutions worth more than $1 billion on wednesday alone. small caps, recent dialing's are done more than 7% this week and that's on the back of consolidation. some stocks we are watching today include paytm, and paytm winning key payment approval needs to stay in business and that's...