italy to push its pursuit of time warner. boycott a and yum supplier accused of selling out of date meet. an official investigation is underway. the largest european restaurant order in five years will meet new chinese owner of honey capital. >> keeping an eye on the markets, we placed an order for an update in asia and that is what we got. we are following a global rebound today despite the ongoing zing ukraine and gaza. you are seeing southeast asia with the exception of malaysia today advancing. equities moving higher in sydney. the asx moving higher on commodities shares. hong kong and shanghai see stocks moving lower in these

markets. shanghai's close friend holiday today. market currencies are rallying. indonesia rallying a head of the presidential election results. you are seeing a decline in crude oil in new york and in london. gold falling for a second day as well. the meeting was called by jordan as the number of victims soared, about 400. what do we know and what is being said? counciln security requested by jordan. pictures.e the people are behind the scenes socussing what to do next

far, we have had the first person to speak, the palestinian u.n. ambassador rice. he talked about four minutes. and the ambassador from israel. he was quite belligerent talking about the dismantling of hamas. here is the israeli u.n. ambassador rice. operation isf this to dismantle the tunnels, the terror tunnels that hamas has anlt and amassed in unbelievable way. it is also to dismantle the military infrastructure of hamas . snly by the militarizing hamas' weapons, we will be able to move to the next age and that is the political stage.

comes after last night when president barack obama called the newsman netanyahu and raised significant concerns. egypt.rry is flying to back in 2012, a cease-fire was brokered. there tried to do that again. the un security council meeting as we speak. >> what does the security ?ouncil meeting hope to achieve called theoon has events atrocious. a call for an immediate cease-fire, withdrawal of

israeli occupied forces from gaza. call for protection of civilians. the lifting of israeli restrictions imposed on people in the movement of goods carried and an immediate humanitarian assistance to civilians in gaza. the number of dead, 87, but 80 83,700 displaced. >> the borders are closed. >> borders are closed. but when is there a bomb coming in and they evacuate, where do they go to? there is nowhere to go to. the other story dominating the headlines today's is malaysia airlines disaster in ukraine. european investigator save your to the scene is being restricted right arm pro-russia fighters whose leaders say they have retrieved and removed the airplanes blackbox flight

recorders. >> inspectors from the revisitation for security and cooperation in europe got a closer look at the remains of 17aysia airlines flight mh three days after it was shot down in ukraine. separatist rebels shadowed their every move. bodies have been continuously removed from the site since the day of the crash. >> i can inform you that earlier today we were at a railway station and we have seen and witnessed ourselves four wagons of which three were loaded with what we understand our 196 refrigerated conditions. >> this is a train containing many of the bodies. armedalso guarded by russian separatists who have

guns but no uniforms. even -- their intent is clear even if their chain of command is not. >> our obligations to secure the strain to prevent strangers from getting inside. is the as haphazard handling of the bodies is the treatment of the crash five. none of the usual meticulous investigations are happening. cranes have already moved some of the debris from the widespread crash scene. black boxbouts of the flight recorders is unknown. the situation is exasperating for the international community, particularly malaysia reeling from the loss of a second airline this year. the crash site is under full control of the separatist group. they have been unable to

establish a safe corridor to the crash site for the international team. >> both separatist in the ukraine government blame each other for shooting down mh17. >> haslinda amin is in kuala lumpur. what is the mood like? what a tragedy for malaysia, the second air disaster inform on. understandably -- in four months. understandably, the nation is in mourning but the whole nation is in a state of shock. lumpur,where in kuala the capital of malaysia, speak to anybody from taxi drivers to hotel staff to relations on the street. -- two malaysians on the street. you can feel their emotion.

they are in shock. nobody is in the mood to celebrate despite the fact that the festival of ease falling among the month of fasting is just a week away. for outrage, go to social media, twitter, facebook, you can see how malaysians are defending malaysia airlines as well as the government and the way they handled the situation. very different from when they themselves were critical for how it was handled. they have been critical on social media that perhaps malaysia airlines should not have taken the route from amsterdam to kuala lumpur. it maintains that the route is safe and it looks like malaysians are supporting malaysia airlines and the government. concernedemotions are in malaysia, in kuala lumpur, people are pretty much shocked.

but they are also outraged by criticism coming their way. >> also outraged directed to the situation on the ground in ukraine. the trans-poor minister is there. he has more than 130 of his officials as well. but how much cooperation are they getting on the ground in ukraine? >> not much. if you look at whether the team has access to the crash site, it has none. that is probably why the transport minister has got to kiev. he met with counterparts in ukraine. he will be meeting counterparts in the dutch cap. .hat is just to -- dutch camp that is precisely to gain access. we understand that the only

investigators who have had access to the crash site are the investigators from osce but they were given only semi-five minutes. that is hardly enough for them to do a proper investigation or examination of the crash site. until yesterday, the bodies of the victims were left on location and it was only were movedhe bodies to refrigerated rail kevins. but as for where the bodies are headed to, it is unknown. there is still a lot of questions and ironing out to do. at this point, we know the defense minister will be holding press conference at about 2:00 p.m. local time. becauseking the stand the minister is in kiev. is about how open and how the country is communicating.

>> it is a marked difference to the response now and the way it was a couple of months ago. no one is blaming malaysia airlines for this and yet the airlines is still granting cancellation of passengers who just want to cancel or -- cancel their flights regardless. how was the airline dealing with ?ll of that >> understandably, commuters are spooked out by that. it will refund all cancellations, regardless of whether the traveler has a number of unable ticket or not. it says it appreciates the support it has gotten from his commuters it understands the situation. but it is a lot of old gesture were malaysian airlines is concerned.

this is a airline that is undergoing financial difficulties. it is in the midst of a turnaround. it is in a very difficult position. now the morale among its flight attendants is at an all-time low. needless to say, the crew is pretty much route with some needing psychological help, some not wanting to find a more. it is all understandable but it is putting a lot of pressure on just to airlines. >> update you, the latest headlines coming out of russia in the past few minutes alone. putin saysladimir that no one has the right to use the crash for political ends. putin putting the blame back

on ukraine. >> rupert murdoch may be looking to boost his bid for time warner. the sale could be worth more than $13 billion. time warner's board rejected the original offer by money for century fox. change underway for india's network of state-run banks. discussions continue on the size of these sales as the government plans to retain majority control nonetheless. a beat for reliance industries.

higher profits are crucial as he expands into petrochemicals, refining, and natural gas businesses as well as setting a new telecom service next year. stories, gour top to bloomberg.com to find in-depth reports, data and catch up on some of the interviews you may have missed today on bloomberg. is go to bloomberg.com. -- just to go to bloomberg.com. the effective ukraine and gaza, tell us a bit more. >> it is having a limited impact today. there was a big impact at the end of last week. but pacific asia stocks participating in a rally. even the hang seng now advancing. it has been lower for much of

the day. the shanghai composite continuing that decline. and we are closely following malaysian airlines. modest moves to the downside for that stock. the dayed out unchanged. japan is closed for a national holiday. the real action is in market currencies. we have the indonesian election results, the presidential election results coming. that is having an impact on the currency markets. the rupiah is advancing. you see the malaysian ringgit higher. in hong kong and shanghai, stocks to watch today, china , china unicom down, latest subscribers for the month of june less than the month of may.

>> lots more to come, including close contacts, but which one of these men will come out on top? we will be live in jakarta. coming up next, we will be slicing into the details of a new acquisition. here from the chinese firm that bought pizza express. -- "asia edge" will be back after the short rake.

talking about pizzas now. >> this is a delicious one. our latest guest has completed the biggest restaurant deal. capital recently bought pizza express for about $1.5 billion. >> thank you for coming in.

tell us what your plans are. you have restaurants in europe and in asia. is this part of the world ready for more pizza joints? >> chinese consumers are certainly ready to eat more pizza. that's why we like the deal. pizza express is number one in u.k.. it has a long history. it was absent -- it was established in 19 city five. ing categoryrg in china. this is a point where we can bring to china and it represents major flow opportunity for pete's express. -- four pizza express. >> how much money do you have left for other acquisitions? >> plenty. y is halfway invested.

equitye will do both contributed by us and them which is being marketed. us a nice inroad into casual dining and it combines with our the consumer branded investments in china. there is quite a bit of synergy. >> how much of a risk is a to be in the food business, especially with the story we reported today. how much is the food supply chain something that you are mindful of? >> how do you set up the checks and balances of the system? >> food safety is a main concern in china. that is were management will come in. since chinese consumers prefer a

branded, banded -- well-managed change, this is why we chose pizza express. >> at the end of the day, you have to ailed this out. how are chinese tastes evolving? are they ready for pizza in a big way. i'm sure they are in the tier one cities but elsewhere? when you see them popping up in the cities, you have to be convinced that the chinese are starting to like the taste. >> do you change the many slightly to make it more chinese? >> not yet. but there is beating the pizza pizza inis peking duck london. there is a u.s. movie studio

that you are interested in. tell us how incredible the chinese movie viewer is going to be? >> china now represents the largest box office sales market growing very rapidly. it won't surprise me if it is number one. moviemaking takes a lot of accumulation. hollywood represents a lot of expertise. the idea is to not only support a company for what they do for global market, but also link china element to the making and distribution of the movie. pizza and, between movie is a very clear line. china is changing its economic

structure. we said we -- we see more internal consumption. we have a middle class that is growing. anything from eating, entertaining and living, we invest along that line. >> looking for another hit like 4," in terms of best box office hits in china. >> the next one will have a chinese person eating pizza. [laughter] >> you will have to make sure the fine print is fairly clear. thank you so much. eat and mystery.

>> friday was all about declining markets. we had ukraine and events in the middle east dominating. we will have more details on the other side of this break.

>> revels in ukraine say they have in the black rocks is. investigators complain the crash site is compromised. a bold bid for time warner, how rupert murdoch may finance the deal. contested outcome enough along. >> the united nations security council is meeting in emergency session to discuss the bloodiest yet in gaza.

was called by jordan and comes as the number of victims above above or hundred -- 400. u.n. chief ban ki-moon described asael's invasion "atrocious" and must do more to -- the heavily armed pro-russian separatists restricted the crash site. they have also retrieved the black box flight recorders. it is unclear what will happen to the victims. ukraine's prime minister says moscow must met -- must end the

violence. >> it is time for russia to stop supporting terrorists. thehey stop the support, implication will be simple but effective. they will stop. they won't have shelves, bullets, tanks, and missile systems. sayashington and kiev rebels have access to at least three missile systems. buk-m can reach altitudes of 72,000 feet. discussing the mh 17. the investigation needs to be an international effort. having parts removed and not

having documentation, the big andern is whether the fdr's cbr's are in the hands of those who will keep it intact. for a grouprucial of countries to look at the black box so there is integrity in this investigation. >> military and intelligence officials say it is increasingly likely that the malaysian was shot down by a missile system made in russia. but there is question about how this ended up on ukrainian soil without outside help. >> so-called rebels but actually terrorists, it is not possible overwhelmingdible, support from russian territory. how comes that buk missile

system could appear on the territory of ukraine? a cannot the handled simply by people who joined such activity in ukraine. festering the department of government and international relations at university of sydney. the only real benefit in bringing down a civilian airplane is ukrainian government. since isis moved into iraq and medianflict in gaza, the attention has been focused elsewhere. which is why the transfer plans did not figure on the out throws radar.

so now attention has come back on south ukraine. but it does not help russia or the rebels to shoot down the civil airline because nobody is really going to support a movement that engages in those kinds of acts. the vote count in indonesia's presidential elections is in its final stations -- stages. what do we know? we have all sorts of claims and counterclaims. after spending up to 666 provoke --iah, campaign saysto's

they have sound evidence that there was engineered election results. probable to be on so won in six provinces -- probable so beyond toe -- >> let's get the latest from the markets. let's look at indonesia. bullishness here on the outcome? >> i would say so.

it looks like vietnam is the only one doing a little bit better than indonesia today. indonesia is up about .6%. overall, the trend is higher. that is what you are seeing in the asia-pacific markets. stocks following a global rebound. it started friday with the s&p 500. key earnings this week, facebook and netflix in the tech space in the united states. we will be watching the latest data from washington and the eu minister to discuss new sanctions possibly on russia and russian individuals. in asia, this is what we have, gains so far. all advancing with the exception of malaysia. however, the currency is rising. we are tracking the resource shares in australia. linus leading gains.

trans phil is in there. energy stocks are moving. in the energy space, crude oil is modestly lower. gold is modestly lower as well. there is no trade-in tokyo today. currency is really the story today. gainingnesian rupiah is as they await the results. it is up .4%. the ring is rising as well -- the ringgit is rising as well. hong kong, shanghai, and the csi 300 all in mixed territory on what is an up for the msci asia-pacific. >> food safety is back under the spotlight in china. this comes as some of the largest fast food chains are halting orders from a local supplier.

this is a shanghai supplier. >> it is a shanghai supplier. companies. by u.s. there was a local report in china from dragon tv. you had reporters going into the factories finding evidence, they say, of basically the workers repackaging some of the chicken and meat. >> as in meet that is supposed to be in the food supply chain? >> meat that was expired and they changed the date to make it something that is still of a valid shelflife. fda requested [indiscernible] yum have been

asked to stop orders in the meantime and the company has been put on suspension. they said that we have very strict quality control systems and we are cooperating with the investigation. let's turn to rupert murdoch's bid for time warner. the bid by 20 century fox was rejected. been -- people have been talking about him raising that bid. >> we have not heard anything yet. but there are some movements in the background that could help to do that. b-sky-bbeen talking to about the sale of its italian and german units. these units are valued at about $13.5 billion.

they have been talking about it quite a while. news about this deal emerged back in may. what this deal is free up some cash so they could dump up the bid for time warner. one of the concerns had been about the cash and stocks offer from fox in a bid for time warner. this would allow them to increase the cash portion without having to borrow more if they decide to go for it again. still to come, a look at the trading week ahead in the midst of the heightened global tensions out there.

we've got john and david and

angie is here. sullivan, let's talk about the question you were asked most recently. >> what is going to make money? >> absolutely. >> at the moment, everybody is looking at these markets. they are all trading at near highs but at light volumes. it is a stockpicking market. there is not a lot of options. you cannot afford to not be invested in markets at highs. but everyone has one eye on the door. the main attraction is highly liquid companies, good brand names, yield possible. we are not seeing many people move into the small make cats where you might generally look cap -- small-mde id caps where you might

generally look for cash. >> everyone is expecting these highs to continue. why? >> the selloffs are large because it is on light volumes. it is not panic selling. it's knee-jerk selling. it is very short. missed someone realizes that it is down 10 spreads, there are other people waiting to buy it. we are only seeing those little knee-jerk spikes up and down. almost a given but just how real and tangible can some of the sanctions be on the economy? >> i think it will have an impact. you some people, when the for that's when the sanctions first

came in, people sold. after there were no further sanctions, people bought back in and the market rebounded very quickly. people are searching for yield and performance. this next round of sanctions, probably, you will see the same trends but people need more convincing that it is worth going back into russia this time. and they will wait to see what sanctions will be imposed. the initial reaction the first time around is quite easy. the second time around, people are more wary because there is a lot more weight behind the western governments. >> more bite? >> yes, and some determination to have some impact to that will create change. at the moment, we have not really seen any change and the markets have priced that in. , when heshooting news came out, it is a knee-jerk reaction. the asian markets, by the end of the day, were back to flat generally speaking. >> i have to ask about portugal.

the student docent those -- sanctos is where you are but not really. >> it is a family-owned company. all of these nations have gone through bailouts but we have nothing growth in europe. that will be a worry for people. unless we see good growth, industry is not going to pick up. even in germany, we have seen some slowing recently. this week, we get the iphone details. that will be closely watched, to see if the german performance will continue. people are also watching the french numbers which could be a drag on the whole recovery. >> what about yields? yields have been below treasury yields. that is telling another story.

interest rates will be a lot lower for a lot longer. that means perhaps the european recovery is far from entrenched. >> i think that's true. the same can be said for the u.s. recovery. it is probably the slowest recovery we have ever seen out at the u.s., even going back to the great recession. and it will be a concern to people. i think there has been a big lesson learned in all these countries. it is the consumer that is normally the driver of the recovery. theirime it's repaying debts and getting their own balance sheets in order. a then we will probably get property market going on a chair in london and in other places. >> there are all these pockets with that happens. london properties, generally speaking, people are joined to move money offshore from wherever they are. china and russia, two biggest demands from the middle east as well. as always for reason and the reasons will change over time and the place is will change.

but generally speaking, if you look at the big pharmaceutical -- theyey are doing it are borrowing money from jpmorgan. they have had to issue bonds. they are indicating that they think equities will outperform in the longer term while interest rates will stay fairly low. >> it's a slow recovery, almost built-in, not built in strong foundations. this is what everybody is worried about. think it mightu happen, that doesn't mean you sell everything and go to cash. there are no alternatives, you see. >> and let's not forget what the fed action is doing in the end of line environment. what about here in asia? we talk about economic recovery. what about japan? are we seeing recovery there? be looking very

carefully on friday when we get the inflation data coming in. there were two points here. our base confidence levels have probably come back down. his popularity is dropping. defense force action has alienated some of his support. we may see some wavering on the third arrow for the third acupuncture pins, however you want to look at it. [laughter] japan takes a long time to do anything. changely we will see a in 12 months but is mostly unrealistic. l when the equity in markets shut up last year, it was unprecedented. >> it was a surprise to people. then we saw the pullback to an extent. the first move was really on the currency. is theblem we've got now geopolitical situation has made

that a safe haven currency again. >> it's odd that we have should we have shinzo abe going to south america. >> both these governments are fighting for respect both nationally and within asia, being seen as strong partners in asia. people in asia are a lot more worried about it than people are globally. the philippines, the vietnamese, these are very nationalistic issues that make more impact locally than they do on the world stage where you're getting airlines shot down. but it will still be a point of contention that will go on for some time. >> thank you so much. you are watching "asia edge." lot more to come.

>> we are expecting the unofficial results of indonesia's presidential election on tuesday. both have claimed victory but according to unofficial websites that are tallying results, jo kowi is ahead. xiaomi will the launching its new device. on wednesday, construction from [indiscernible] the latest sign of stress in china which has the world's biggest corporate debt loan at $13 trillion. visitinge will be

latin america. rolls-royce is famous for the luxury is features. but it is also one of the more technologically advanced vehicles. matt took one for a spin. this is the rolls-royce r ace. it's got that incredible design plus this superpowerful the 12. it is the most powerful engine rolls-royce has ever produced. there are the little luxury touches that rolls-royce delivers. supert the suicide doors, luxurious shag carpeting, and handstitched leather. liners.ry night sky

and here you can see the rolls-royce umbrella. the doors close automatically on the push of a button. it is actually more high-tech than i must any other car on the market today. the most exciting feature as far as technology is concerned is the way the gps and satellite systems work with the transmission in the headlights. .. you're going into a corner, the satellite does your gps system. it realizes you are about to turn and prepares the change.sion to the other cool feature is, even if you did not have headlights that turned around the corner, even if your headlights were off, you would still be able to cad or a child who wandered into deer or ae to see a

child who wandered into the road. it gives you an audible tone if you are on a collision course. the systems that rolls-royce has perfected for this car, that is the adapt if cruise control system that allows you to set the car and a certain speed even in bumper-to-bumper traffic. then you can use these buttons on the steering wheel to determine how far away you will stay from the car in front of you and what kind of distance you want from the car behind you as well. now kind of technology, that rolls-royce is owned by bmw, will eventually trickle down to the kind of cars the average wealthy person can buy. aren't you supposed to be driven in a rolls-royce? >> it has to doors. [laughter]

>> that is it from us here in asia.

>> the following program is brought to you by a regeneration drink. >> hello and welcome to the smart medicine show we have a great guest today. if you have pain or muscle pain. if you suffer from arthritis or weakness and fatigue, you need to stay with us because we are