a mixed message from twitter yesterday. executives say that growth will improve soon. they say it is unacceptable, and he is not happy. you can follow me on twitter there is my handle. you can use that #as well. let's find a what equity positions are up. china's up by 4.3%. juliet? tte: the sentiment in asia is a positive one today. markets rise for the first time in six sessions. it kicked up his today policy meeting. it has been a volatile day in china. see china rise slightly. a bit of positive movement in

hong kong to hang things up by 2/10 of 1%. bywan has negatives down .6%. nikkei in japan are also down. .5% in some of the commodity players really helping out the australian markets. we have been watching china shares this morning. they came back online, and have tryinglted for a month to get to billion dollars of new shares. the company coming back online, and falling quite rapidly. , china eastern is up 5.5%.

movement as result is commodity slowdown. rishaad: didn't is declined of course, will tell you -- the shanghai composite continued its decline. craigheadg in tim now. earlier, about this and really look for a good deal of context year. tim: indeed. if we take a step back and look it is ans going on, appropriate time to think about where is valuation? a move in the past nine months had all been about building growth and momentum, and we've seen valuation go from a times forward earnings to over 19.

it is becoming the most expensive market and asia. you can see that here within the chart you are looking at. it is now pulled back to middle of the pack. i think this lifecycle, the way stock markets work is going from reason,hen for whatever deflating, is taking shape here. there are now 90 stocks within the shanghai composite that are trading at a 14 or lower multiple. i picked that because that is now the average multiple for the overall index. if you look at the top 100 shanghai composite stocks, the median multiple is about 15 times. it is a big difference between what we saw with the rest of the group. the divergent overall, versus asia, as well as the rest of the

pack, is starting to emerge. it creates interesting time for global investors to rethink china. we have a chunk of this work up continuena, and will to dig into these dynamics. at all theseok market gyrations coming up. we want your thoughts. concerns about slowing growth in robot makertrial down by almost 7%. the lowestlly down in nearly seven years. has a look at this, and it doesn't seem like there is any optimism coming through. shery: it is down almost 12% now. chinampany is blaming

because it keeps slowing demand for factory automation. the city future of the chinese market is uncertain. the robot maker says income of probably $1.3 billion. a 70% lower than it april forecast. it also trails estimates. lower than it april forecast. it also trails estimates. the company has about a billion and stockpile cash, the japanese companies in general want to cough up some of their $1.9 trillion cash horde. but, net income for fanuc saw the slowest growth in six quarters. the company explained that orders are decreasing rapidly, and are expected to diminish further from the second quarter

on. also thegain, but were slowest growth in about a year and a half. we are seeing the stock of their taking a hit. rishaad: let's have a get some of the other stories. david, he has it for us. david: let's first talk shares of air china. we resume trade this morning. to take apected massive punch in the stock price. eight shares at the bottom there, -6%. simple,here is fairly the airline needs to raise some serious money here. at 994 million shares, from at a 20% discount. you put those together, and we billion.ng at $12

they put it out just this boostg, they say should output, they keep there by recommendations. i did lower than price targets. just to wrap things up, air appear.so it is fairly good. underestimatean to say that it is growing. growth, let's look at deals now. global majestic properties has agreed to cough up $4.5 million u.s. to buy more than 200 warehouses of industrial income trusts in the u.s..

58 million square feet. significantly increase the company's exposure. looking at anre incrase here in fund management. finalized.al gets at a total of 173 million square feet in the u.s. alone. why do they need so much storage space? boosting demand for things like storage, and transport to bring things to your door. ceo expects revenue to increase in the next fiscal year. 18are counting more than

months from now. annual just released its report. we are talking global trade. these massive imbalances across the global economy, on the one hand, you have countries like germany and china. large exporting countries, massive accounts, the need to do more to improve domestic demand. and we have countries that the u.s., it is this imbalance between these two that contributes to financial instability and inhibits growth. imf repeating it assessment that it is no longer undervalued. china, they say, will need to open it up more.

the greenback was a little too high based on fundamentals. let's flip of the boards, south korean yuan, and the turkish lira. they're saying please limit intervention in the currency market. coming up on the show, malaysia's prime minister reshuffling his capital and punishing his critics. we ask that strategy could work. upbeatsumers remaining despite the chaos in the market. ♪

rishaad: chinese consumers are more upbeat this month, and most of them did not just shrug off

the stock market turmoil. they laughed it off, arguably. the indicator rose 1.9%. let's get more from international economist who joined us now from sydney. we begin with what is this telling us? whenll, the survey, given it, serves asng basically a referendum on whether or not to nine straight in china follows equities closely. in, and theare answer is an unambiguous no. the equity market is divorced, they are focused more on the housingnomy, including which is the key market for most of china. just shrug it off

the equity market volatility, there laughed it off. rishaad: were you surprised? huw: my priors coming in with the equity markets investment is second-tier from an overall perspective from allocation savings and china. i was in the dissipating the beginning huge impulse, but given the amplitude of what is going on, i thought there was going to be a big payoff in terms of where consumers and their savings were. than i thought about a more, and exited 2014 it was a 100% rise in the start market, -- stock market, but where was the consumption? they acted aloof, and so why crashthey worry about the if they did not buy into the boom? rishaad: people are making too much of this now?

huw: it obviously extraordinarily eye-catching. you cap it up when you bloomberg screen, this is a spectacular market in terms of volatility. chinese households just don't feel that exposed. if you look at the number of trading accounts in china which are active, translates to about 4% of the urban population. the is a small segment of verrilli tap into what is going on, but the other 96% really are not tapped in. they are will be about housing. housing prices are starting to move. housing isy in starting to cascade quite number of smaller cities on the coast, and even some cities in the central and western regions. that is the market that really drives chinese consumer sentiment. the portends there are much improved from six to 12 months ago. rishaad: before, we had all

these concerns about the economy and the slowdown, we were seeing property prices down. we returned to base levels, haven't we? w: the housing market is considerably improved in terms of dwelling prices and sales turnover. but, when you come to the next leg of the housing rebound, and providing jobs which keep internal migrants employed, that is still extraordinarily weak. they are still down 15% from a week ago. through,over is coming prices are improving, there is a wealth effect that is positive, but the job market is just not there. that is something that is making chinese consumers anxious. nohaad: so, do you see

correlation between the equity market in the property market? huw: the correlation can sometimes be positive, but right now we're seeing a negative correlation. if i can take the microcosm of shenzhen, prices are going vertically positive in the real estate market their, particularly in the secondary market. whereas the equity markets of shenzhen have been much more they have had a steeper decline. you can say there is a portfolio rebalance on the way. intoe boarded the money stocks, and that they can then money, they're taken their profits and limited our losses and are shifting it to real estate. there was a clear transfer here. there are residual benefits for

reputational losses. just away with a survey for a second, we have chinese investors taking money out of the country in record amounts. what is that telling you? huw: i think the chinese has a -- undiversified portfolio. we huge stocks and bank deposits, they are leveraged into domestic chinese real estate. they are keen to acquire real estate. to a lesser extent, they're becoming increasingly willing to invest in foreign stock markets. without as many times before in asia when a place with a big market becomes a driver of global financial markets. i think the chinese consumer will share that destiny, i think chinese household savings and where they are deployed will

become an increasingly important driver of global financial markets. shery: these are the stories making headlines around the world. rejectingss briefing a disarmament deal. you says his country has no interest in such records. said weapons are needed to protect north korea from what he calls hostile u.s. policy. the malaysian prime minister has sucked her head off any challenge to his leadership by dub a longtime ally. intoan investigation investments. allegations that millions of dollars and that and bank accounts bearing the prime

minister's name. greece has moved a step closer to reopening the stock market. to and proposed rules the closing of the banks. any additional restrictions will be decided by the finance ministry. isn't formally responsible for stock market regulation, but people were concerned that a reopening good destabilize greece. rishaad: up next, security questions as asia faces more hack attacks than the west. ♪

♪ we are having a look at tighter security as hack attacks have been costing $400 billion a year. the u.s. government recently fell victim, but it's asia's lack of regulation making it a bigger target? we hear less about security breaches in asia? is it just the culture? >> it is hard to generalize. experts say it boils down to

loser regulation, and a lack of disclosure. i think companies in this region have fewer requirements or incentives to go public when hacked. regulator sent to prefer working behind the scenes. rishaad: this is implications, what is the upshot? means fewer disclosures attackers can reuse successful techniques over and over. also, asia can be a window will vulnerability which attackers exploit to leapfrog to other regions. areeye describes it as community health issue where a disease spreads because of secrecy. rishaad: how much of this is begun by asking about culture? it could be seen as a loss of face good and it? edwin: it is tough to generalize, but some experts think cultural predilections do play a role. rishaad: what is being done?

think i think, experts are asian governments waking to the threat. if there is a move for tighter india, there are outfits to create information sharing mechanisms, such as interpol. rishaad: edwin, thank you very much. atl, having a look microsoft windows it would get an upgrade later. some say this time it will be different. intel have demand therefor guest. they're offering this as a free upgrade to existing pcs. startedcron also

production of a new memory chip that will change the way you can access big data. it is about to be the first mainstream memory chip to come to the market in 25 years. a newentirely application. let's have a look at the rebounding,na is but could they leave the chaos behind? returnsg business" after this short break. we look in the wider asia-pacific on the day we are getting positive views from wall street and europe. ♪

♪ rishaad: a look at our top stories. shares in shanghai opening and other asian markets joining the global rebound. australia is also on the up. waiting, and out of the federal reserve later today. industrial robot maker fanuc falling the most in almost seven years. profit forecasts missed by almost 17%.

in a statement, they said demand for robots is falling dramatically. today, whatding falling in shanghai are plans to raise almost $2 billion in share replacement. a plan to buy 15 new boeing airliners. they will be privately sold at a 20% discount. weare seeing positivity, have the end of the morning session in tokyo a sigh of relief of what is going on in shanghai. nikkei inseeing the japan down by by .61%. the shanghai composite snap a negative territory. , ittility still continuing

is quite heavily the a and h shares. we resuming trade for the first time in a month. we just had nerves that product has fallen to its lowest levels since january 2012. -- that clampt down affecting luxury reber -- retailers. thanks to a rebounding commodity prices. all the mining stocks looking incredible there. looking atwe are china, all this volatility coming through. it looks like chinese stocks will be down for yet another session. ok, let's have a look at markets. wills here with us, how

china's exit, what is the endgame? the program how it is time. it is similar in china. they want markets to play decisive roles, when can they step back? rishaad: they don't want them to. this is a contradiction we're all trying to get around. when will it be confident enough without causing a panic. that is the dilemma. rishaad: tim? tim: valuation is starting to emerge again. i should say value. i'm sure that will be part of the monitoring process. when you look at larger stocks,

they are starting to get back into the realm of global norms. looking across the biggest 100 shanghai composite stocks, they're our five sectors on the media multiple basis that are back to world norms or below. but there are still areas where valuations are quite inflated. whether with a lot of height -- hype. but happened with different perspectives is going to be quite important to watch. nda: they want to go back into, but we need to look at monday as example. the perception was that the government has stepped away and took the money. we saw those shares take the big fall. that will be their problem going forward, managing perception

until investors know they can go back in. rishaad: there are risks if they exit too soon. this is the thing, isn't it? 2013 when theyn ,tarted to signal the tapering we supping tumbles -- big tumbles. it is a conundrum for policymakers, they are now engaged to make extraordinary support measures. tim: part of this can come from global investors and the institutional development of investing in china if they let the policy continue to go forward. fromed to see the shift retail momentum speculation. part of that will be the confidence policymakers have not to diverge the course. rishaad: what about the

historical context? aboutked at, we talked mirroring what happened in the nasdaq and delaying what is happening in china. tim: there are interesting comparisons you can make. my god, 1929ck to, in the u.s.. 2000 is another one. we looked at a comparison of 2000 7, 2000 nine in china. both of those periods like this had a seven-month surge that range between 90 and 100%. all three periods that had a correction that range between 23 and 30 odd percent. then we saw a split. 2007 fell into global financial crisis. policy support for

monetary easing, then a recovering economy. we're a different dynamic, and hopefully real economic rebalance and reform. rishaad: perhaps for a better second half. i love the fact that you think those fundamentals amenity to do with it. thanks, guys. australia's bank will announce an immediate freeze on loan applications in the housing market. what is going on here? let's join paul allen for that. why are they doing this? paul: the regulators have been urging may amend or to restrict growth by 10% per annum.

that is due to what is been happening in the housing market here. in the same period, up in sydney. a&p is the most notable of those today. from september the seventh, the variable rate will go up by almost .5%. they will be view towards in a 2015 depending on the market. this follows moves last week from commonwealth bank that raise the interest rate on investor loans. any national australia bank on monday lifted costs to interest as well. this is also bringing thing into sharp focus, mainly thanks to remarks from reserve bank governor glenn stevens and.

it is crazy with the banks now paying heed to those words. it would give them more wiggle room if they want to cut rates. they is so much fear that might ignite the property market here further. rishaad: thanks, paul. paul allen with us in sydney. let's check on some stories we are following today. in japan, toshiba will appraise -- replaces entire car endboard. they want to replace all the toectors, and are expected try to turn it around. they said they're betrayed their status as a leading company. shares. in the most since 2008. down about 15%. they missed projections by more than 6%.

it does provide its main source of revenue, robin lee is trying to restructure the business and put more focus on mobile. profits urging the most in three years. the fashion and leather sales side of the business jumping 15%. to what is been going on in china because u.s. and europe have helped them there. sales also rebounded, u.s. improving hennessy for weakness in, you guessed it, china. cabinet ministers are's criticized him over that investment. denies the allegations made its way into his personal account. yet another twist in this

saga. >> yes. another twist. alivea strategy to stay on the part of the prime minister. said he himself has wants a solid unified team. he was contributed to the crisis, he was vocal, he was adding pressure for explanation. he was booted out along with four other cabinet members. accept criticism. he can't accept vigorous debate. on the condition it is done in the cabinet, not publicly. the man taking over as his deputy is a strong ally. allegations against the prime minister border on being

criminal. the attorney general is gone as well. said to be due to health reasons. rishaad: how much support does he have? haslinda: if you take a look at the latest poll you will see his rate has dropped. 42%, not toolow as far from the bottom. been chippings away at his support. they said over the weekend that the ruling coalition is unlikely to win if elections were to be held now. but it would be easy to remove -- won't be easy to remove him from power. has pledgedminister allegiance from the start. that is because of his populist

policies. coming up, a golden opportunity after the break from a northern irish mine that something is great potential. ♪

shery: these other the stories making headlines around the world. last year's crash said its designers failed to anticipate human error. the report as the copilot triggered to early, causing it to crash into the desert. the report makes clear that virgins partners should have been sold systems to override the mistake. the copilot died in the accident. for ane is searching

american tourist who shot and killed a protected lion. conservation is say the man paid $50,000 to hunt the animal. he is been identified as a man --m minnesota, but is kevin his current whereabouts are unknown he was unaware the lion .as so well-known the national museum of organized says the governing body will be called the beautiful game turned ugly. u.s. investigators have asked racketeering laws to charge current and former p for -- fifa officials. rishaad: gold continues to hold below.

there was a fed meeting later today. despite the recent prices, one says they're going ahead with mining in northern ireland. tom gibson had a look. tom: to make headway down a mine , unit explosives. until very recently, bringing explosives into northern ireland wasn't possible.

this is not any old mine, the company operating it says there is almost 3 million ounces of gold in the ground. typically, we have found far more than usual. tom: at current prices, which are 40% less than their peak four years ago, it will be worth billions of dollars. but investors have been hard to find. >> it is been challenging. ceo patrick anderson might not always take life too seriously, but when it comes to this, he does not a joke.

>> we have not found the bottom yet. of six testedne drills. 3-d image,to build a ultimately satisfy investors. whiteget to this nice looking material here. these are the iron sulfides. here,glittery minerals they're not in and of themselves interesting, but the gold is in those. that is a permanent record. similar. kilometers tom: it is this record that this mine could become one of the worlds best to gold finds. >> we are on average of 10 grams

per tom. .- per ton that will sustain the operation three even tougher gold prices and we're at right now. they have 300 projects fully realized, working 12 hour shifts around the clock. it is full steam ahead. rishaad: up next, seeking a stake. a local carrier, we're headed to mumbai to get the details. ♪

♪ it is confirmed it is looking to buy a stake in its biggest carrier, indigo. -- we get toy now

mumbai now. >> if you remember last week we were talking about a possible deal between the indian aviation specialist. with that news coming in his first indigo airlines going back, they're the most profitable airlines in india. we have now heard from qatar yesterday that was in talks with indigo to pick up a deal which would mean a boost for qatar airways. now, as far as indigo is haserned, the airline

outstanding orders for about 180 more airplanes. indigo signed an agreement in october 2014 two by 250 new planes in what will probably be airbus's lap -- largest order. it has the largest market share right now. not just among local airlines, but according to analysts, 40% by way of market share going forward. on the back of the government, looking in, a lot of policy overhang that you see looking into the newer airlines. they're looking to fly overseas, again, arised yet look again at earnings.

they're the highest profits ever seen coming from the back of falling crude prices. airwayswith qatar otherwise. rishaad: let's find out what is going on in social media. time now for some fun. it is very rare that we see people in social media talking about national markets. you understand, i won't sit on tv. that is them what is happening in the china markets. it is gone mainstream. one of the things that want to see is this tweet from one of our guests. he says today's simile contest, --na's stock market is like trying to find the right balance is how i would describe that. let's get a new one here, lots of charts. closely, he iss

just trying to point out the purple line. take a look at the last week here but we are following. one commentator says you can feel the tension heading into the china market open every morning. shery: everyone is talking about china. david: social media. shery: facebook making headlines the legacy auction they introduced. thisbecause of controversial facial recognition feature. this is in order to tag you in p ictures, facebook has been using this. u.s. government is discussing using this. very controversial there. avid: i think that is the best

way to do that. rishaad: we take a break, it is the midweek edition. we recap the big stories of the day with china of course making more market headlines. ♪

mark: i'm mark halperin. john: and i'm john heilemann. with all due respect to jon stewart, have you been making secret trips to visit barack obama at the white house? both: god! ♪ john: happy national donald trump day. on the trump show today, trump and trump. but first, morgan freeman. a video to support the run deal. like ameri