out of steam. mazda's diesel for america may be delayed. let us know what you think of following mees by on twitter. trades in china and hong kong but data for us to digest. : look at all the green we are seeing on the screen. most investors would like to month.the previous manufacturing pmi come through for taiwan. digesting that pmi number coming out of china.

that has fallen to its lowest level since 2009. good gains,g some up almost 1%. data exports -- at than expected but good gains coming through. we are seeing every sector higher today, led by the oil and gas stocks. some of the main stocks we are watching today. private equity firm buying a 10% stake. the best gain in 20 months. a new -- taking over at the end of the year. on the asx gains 200. in japan, these are the three best performing stocks. toyotau see the likes of and others higher, you know it

is going to be a good day. that is what we are seeing across the region so far. yvonne: manufacturing data the economy may be stabilizing. david is here. things looking a little more study? david: not worsening. that is the take away. looking at the headlines, 49 .8, a little better than expected. better than august. 50.er than doesn't seem to suggest the situation is worsening on the ground. double negative, the situation is stabilizing. if you break it off, and these are the five main sub indices. ofave highlighted three these. showing signs of decent improvement. output, 52.3. inventory is the main drag.

same kind seeing the of restocking just yet. when china us economy was firing on all cylinders, these were in the high 50's. near those levels. we found companies, not created equal. i am breaking this into large, medium, and all companies. small guys having a hard time. facing more problems. easily the lowest number in half a year. also a drop for medium-sized companies. this takes me to the next gauge. china pmi. looks at the smaller companies. it is a good system. weatheringanies are the cooling of the economy. the slowing of the economy.

47.2 is the headline number. let's get rid of the noise. have a look at where we are at the moment. i data over five years. manufacturing stabilizing but nowhere near the levels of five years ago. 2004, 2005. that is going to show you a clearer trended down. een bobbing around for quite some time to read not getting worse, that is the key take away. you've on: -- yvonne: here is shery. shery: the latest survey from the central bank of japan shows

sentiment worsened in the third quarter. that is from 15. also missing estimates. to drop to 10 in december. there is concern the economy contracted last quarter which would tip the economy into the since 2012.sion send but among large manufacturers did improve to 25, beating estimates. boostmpanies plan to capital editor by 10.9% in the year. analysts forecasts and is a faster increase than the previous quarter. we also had to data out of korea, showing industrial production rose 0.2% in august from a year earlier. this is higher than estimates from economist.

the ratio of inventory to shipment was close to the highest level since the 2008 crisis. the slowdown in china, south largest trading partner, is having a big impact on the economy. weaker demand is likely to weigh on production and investment as companies look to reduce stockpiles. the nikkei manufacturing pmi coming in at 49.2, the seventh consecutive month of contraction. bone of, the back the economy, fell. the pace of decline is slowing, but shipments have dropped every month this year. in china, authorities have worked to strengthen the foundations of the property sector. they have cut the minimum down payment for homebuyers from 30%

to 25%. the previous requirement had been in place since 2010. this is the first reduction in five years and extends a year of loosening across the economy. that has still failed to reduce an economic slowdown. property investment has remained weak but home sales have been covered after mortgage policy was eased and restrictions removed. new home prices rose in august, up from 31 cities in july and two cities in february. yvonne: mazda shares, in the fast lane. upwards of i percent. that is despite the plans for the u.s. hitting something of a bump in the road. the new diesel for america faces further set backs.

craig, joining us live from tokyo. , the collateral damage. are they going to have to rethink their plans? craig: that is right. mazda has 80 diesel engine that just a few years ago they started to bring out japan. it was a bold move for the company. not have a great reputation in japan. 10 years ago, there was a mayor of tokyo who sullied its image shaking aing it bottle of it and suggesting it was so dirty, contributing to pollution. you saw diesel go almost to zero in the market. mazda was one of the first to come back diesel engines.

in 2012, when they were bringing on a sport vehicle, they were talking about bringing the same diesel engine in the stand for the u.s. market. the plans were to bring it out in 2013. vexingave been challenges for engineers. you need to make compromises to make your engines meet emissions standards which are tough. any compromises are going to be on fuel economy or performance. that takes away from your selling point for that engine. with volkswagens engine sacrifices,hose only by cheating as it turns out, mazda is in a tough spot. idea as to how soon

they are able to bring the diesel engine to the u.s. market. we spoke to several analysts who say they do not see it coming to the u.s. market as a result of the volkswagen cheating scandal. frome: joining us live tokyo. thank you so much. another story we are following. how u.s. congress passed a just hours before a shutdown deadline wednesday. all the details on bloomberg.com. looking ahead this hour, encouraging more women into the work lace was one of the abenomics but it is not happening. more headwinds for japan with confidence among manufacturers. the latest hong kong survey. ♪

yvonne: there are growing fears economyn with fears the has gone back to recession. ed's go to tokyo with rogers. great to see you. we have seen large manufacturers, less confident than they were three months ago. is even worse. what is driving this? ed: recent events in china have caused concern, as well they would. the slowdown is impactful on certain businesses such as car manufacturers. not as bad as we thought it might have been. we expected investors to be concerned about china and they have. do we sense a crisis?

the answer is, no. we see more people coming to investmenting for opportunities. there is none of the error about 2008 about this. there is a concern we could see the second recession. is this more of a static situation? will that be concerning for investors? ed: the great recession, if you was led by a, disaster in the night states. there was a ripple effect. it is chugging along nicely. reformation in

certain companies. there are winners. there is an opportunity for the hedge fund community to buy long and shortselling. has announced the political controversial issues around self-defense forces and ae mandated have, we see refocusing on the economy. not as bad as everybody thinks. the actions will lead to more good news for companies. yvonne: you mentioned there is a lack of clarification for the arrows. they seemed more like targets. we don't have a mention of monetary fiscal policy.

ed: we have been more of a view they are more like 1000 darts. the focus on health care and health care of providers. focus on family support measures. you have to have a strong social support network in terms of education. steps but concrete they are more minute. first arrows. that is what is needed at this point in the process. we need the implementation of structural change. where capital will be spent in the overall goal of achieving that inflation. there will be many positive

outcomes. yvonne: when the boj meets, no change in policy? ed: we don't think they need to change, a lot of emphasis on change. to be a move seem one and two arrows type change. yvonne: what about a supplementary budget to boost growth? should that be more top of mind? that would be more along the

lines of something we would expect to see. there is a political calculation. he was reelected without opposition. we have an election coming next year. he needs to start to deliver more on economics. he spent a lot of political the issuesrking on of the self-defense forces and how they would be viewed. that is out of the way. there is only the economy. it will be back to the economy and the focus on the economy. minute structural reforms, things that make it easier for went into work in the labor force. immigrant labor to come to japan. these are areas where you see the prime minister focus his attention.

yvonne: back to the fundamentals. ed rogers joining us from tokyo. thank you for that. stories making headlines around the world, with russian warplanes have carried out russia two days after president putin called for a coordinated response. this caught leaders offguard while they were debating a common approach. russia said they hit eight targets including command posts and military units. iran has called for severe measures in saudi arabia. criticized the saudi handling of the disaster. the newsthere was --

agency says the claim was a pack of lies. president the chinese urging tech companies to become more influential. that is driving a wave of takeovers abroad. coming up next. ♪

northern hemisphere powers in action later today. has been gravely hurt by injuries and will be facing a hard running team from fiji. a win will all but see them through to the knockout stages. france takes on canada. they have reached three world cup finals without winning one. -- the canada coach was unhappy with the team's performance and have given -- mories forholds me some in canada.

coming up next, indonesia reviews read we're going to go to xi jinping. he has been urging chinese es to broaden their effort. our tech reporter joins us from taipei. how significant is this? reporter: this is a big deal. not just anyy, university in china. the most procedures -- procedures. think of it as the m.i.t. of china. she sheen thing -- the chinese president himself is an alumni. they have a holding structure of companies underneath them. they have money at their

disposal and are in a way doing the bidding for the chinese government. the letters deal they have done -- latest the deal they have done is through a listed company. it has gone out and done a deal with western digital, the brand of hard drives from the u.s.. they are buying 15%. shares. they will get a board seat as well. they say, don't worry, they will not have access to payments for managing the company. anytime there is a discussion of government contracts, the board part of thenot be talks. they clearly are getting ahead of the curve in terms of access to set technology. to technology.

it helps western digital get cash and push through other deals they want to do. this is advancing the chinese aesident's goal of building technology ecosystem known as the red supply chain. tim joining us live from taipei. thank you. coming up next, indonesia reviews decades of protectionist economy ao give the boost. when trending business returns. asian markets on a good note. a little bit of green after one of the worst quarters in years. ♪ the only way to get better is to challenge yourself,

and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around.

yvonne: top stories trending this hour. government shows signs of stimulus is working. pmi numbers climbed slightly. interest rate bank cut since november and infrastructure to beginningar traction, helping to cushion the second largest economy in the world. giving peopleoor something to be positive about. japanese and this trillion shares leading the gains. and zed has named a choice

to succeed. anz shares have fallen, underperforming the peers. shares are gaining slightly in sydney. japan goes to a lunch break. here's a look at what is moving the markets. start to theolid month. a little flatness and new zealand but otherwise very encouraging. taiwan up by almost eight. pmi index,turing adding to the slew of data. out.gust, a lot of data the economy doing quite well, up

1%. nikkei, up 1.7%. pickup, given by the gains we saw coming through in the u.s. overnight. generally positive commodity prices. let's have a look at japan tobacco. 2% -- theyst down by have lost $9.2 billion in market by you since the american spirit bid. leading the gains in the nikkei 225 to austria, we have been talking about oz minerals. price. their share cba leading.and

yvonne: the latticed factory floor data from china suggests the economy is stabilizing. this is the first in a series of important indicators due in the next 10 days. global markete editor and a korean everybody is going to be watching these numbers like a hawk. investors seem to be like in the ones we have seen. >> it is not what you would expect to see. strong contractions. markets taking solace in the fact it was a little better than we got last week. the lowest in 6.5 years. 47.2 is an improvement. markets are responding in kind. it looks like things have changed a bit. how much is the slowdown affecting markets further

afield? : the fears around the slowdown, particularly last quarter, saw massive withdrawals. the yuanluation of value triggering $10 billion. what is going to happen when u.s. rate start to rise for emerging market assets. seen reformsve from beijing. auto purchases, they have slashed taxes. said theseay the -- are symptoms rather than causes. what can beijing do? nick: asian has a lot of tools -- beijing has a lot of tools. there is a report from hi

pimco. we are trying to cool off the property market bubble. liquidity toe up be diverted towards consumption and investment. hopefully towards productive assets. services pmi, too. thank you for joining us from bloomberg news. global markets editor. indonesia signaling a less protectionist stance after policies have been hindering investment and trades for decades. lift a growthg to that has slowed the most in six years. .et's go to haslinda what can we expect? haslinda: can you believe it? change is already happening. the new trade minister wasted no time since taking over the

position in august. he has revoked a policy restricting the imports of tires. that policy was pointless, given exports up to $2 billion worth. a couple of other changes. import limits no longer done on a quantity basis but purely instead. the import process for aircraft parts simplified. it does look like the is getting serious about removing red tape in place for decades. still, let's face the reality. take time to dismantle this incredible overgrowth of permits. --orting choir requirements requirements. time, that is what indonesia

does not have. the currency has been battered. it needs more trade and investment. needs all of that in a hurry. yvonne: seems like he is going all in. how will this affect local industries. his policies have protected them for years. industries will need to be protected to an extent. he needs to make sure imports do not hurt their development. he highlighted foodstuff. is there a need for indonesia to import foodstuffs when it is a fertile country? he pointed out another thing. he says indonesia needs to build capacity to process raw material rather than just export raw material. that is the way to seize the best opportunities for when

china recovers. indonesia should get ready to sell consumer goods to china. the likes of close, footwear, you name it. new industries must he nurtured. it will take time. slowly, slowly. fromnda joining us singapore. let's look at other stories we are following. they have raised their stake in sprint. to take it interest to 83%. ftbank --ies the south some still say there is a light at the end of the tunnel. jump in new york on the rumors of a buyout bid from china. offer thatejected a

values them at almost 400 -- $4 billion. that would represent a premium on the closing price. tooptics has declined comment. maker is backar on track. it is called carma which is also the name of the plug-in hybrid. he says the electric car would be his crowning achievement. have turnedicrosoft of the page on their relationship, putting an end to their patent feud. we have more from washington. susan: google and microsoft have pending hadop 20

him to lawsuit. some date back to 2010 at the smartphone wars. xbox and targeted motorola phones. financial terms were not disclosed. this marks a new relationship between the companies that have been enemies for many years. in addition to the end of the litigation, they decided to quach for eight on certain patent matters. among them are a new video streaming service and standard developed with companies like intel and netflix. also to develop and lobby for new rules for a patent system in europe. the companies are not going to completely and competition. they have fight over search. chromeintroduced a new tablet. 's android licensing

system will continue. yvonne: where the campaign has gone wrong. ♪

stocks earned some relief at the end of their most volatile quarter. su keenan has more from new york. : wall street happy to say goodbye to what was the roughest corner in four years. cut theiren analyst forecast with the new average. the close in the wednesday session was 1920. policy members focused on the labor market.

newe were comments from the york fed president who warned it could be a rough ride as we get close to the point where the fed raises rates. >> as we get closer to monetary policy normalization, that should lead to greater inancialty in fil markets. locked, thatis removes a source of potential risk. in st.et yellen was louis, speaking about the community banking sector. ms. yellen: the improvement in the economy has helped community banks but i'm worried the challenges continue. my board colleagues understand this. su: first data had people

focused on the report. they added 200 thousand workers to the payrolls. we have chicago pmi, the barometer of business economy in the chicago area. not quite as strong. meanwhile, investors very much focused on the friday jobs data, the government report. which is forecast to show similar strength to the adp report. in new york, su keenan. some stories making headlines around the world. the dutch investigation into mh flight to 17 has been given fresh evidence. separatists have handed over debris from the plane. around hundred new fragments have been found in the area over the past week. flight crashed in the rebel

controlled region of ukraine, last year, killing all on board. the forest fires causing haze in singapore will take years to be stopped. it will take at least three years to see results. indonesia has more than 10,000 police and soldiers sent to tackle the fire. recorded aswas unhealthy this morning. and china has put a new navigation satellite into orbit. it is the 20th they have launched as part of the domestically developed rival. it provides communications services. they plan to expand the system to offer global coverage by 2020. let's go back to japan because the government's plan to encourage women to work. in 17 months, not one company

has applied for official subsidies to employ more women. great to see you. this is disappointing. why is it not working? reporter: it is kind of an initiative by the abe administration to bring more women to the workforce. the subsidy itself is quite small. numericalthat set a goal to promote women and achieve that are eligible for $2500 of subsidies from the ministry of health. not a big subsidy at all. juste: the prime minister unveiled the new economic plan, arrows, so to speed. is he doing enough to raise the status of women in japan? administration has targets to promote women.

the targets are there but the ways to get there are unclear. even with the subsidy, it is not quite working. the other procedures to get there are not as established as of now. the intentions are just not there. what can be done? shoko: i think continuing on with the idea trying to promote more women in the workforce and society. the issues are being brought to the table. it is not just the government talking about it. it is being talked by the people and local media. the issues are being brought to the table. it is a matter of creating a sound program features to get there. yvonne: or pursue story. very interesting development.

one japan official said, maybe that of adding companies, maybe they should be fined for a lack of effort. thank you. you can get more on the story anytime, anywhere. us on your tablet. elliott has been with the bank since 2009. smith will step down at the end of the year. have fallen since 2007. their musiced streaming service in china along with e-books and movies. ofy are promising a library content geared to the most important market outside the u.s. it will be offered as a three-month trial before people are charged about one dollar 50

per month. moves to become more transparent. they have sent details of the official reserves to the imf. the fund will not disclose the individual countries, but the reserves were worth 11.5 trillion. chinesep next, tourists have set off or the annual week long holiday. which countries are at the top of the itinerary? ♪

you are watching "trending business." .

cutting production amid the diesel emissions scandal. financial services will not take on new staff until the end of the year. a member of the board has told the bbc the company knew about the scandal but board members were only informed as the story broke last month. there are reports that the twitter founder will stay on as ceo. positionake his permanent after stepping in an interim basis three months ago. he will continue to head the sbile payments companies quare. for more clean energy, solar suppliers are

struggling to compete with foreign suppliers. let's go to mumbai. solars the indian industry most worried about it now? reporter: i want to start by talking about the potential of the solar industry in india. according to experts, that industry is expected to grow to 50 percent, putting the country on track to become one of the top countries globally. the potential is nearly three electronic capacity in 2012. understandably is very aggressively pushing for solar power. like bloomberg has been reporting, there are concerns raised by the domestic industry. promises to supply clean co

power at rates that are low. this comes as the government is planning to reduce emissions, the last major company to do so before talks coming up. concerns on whether it is a sustainable number and what it means for the economy. yvonne: fierce competition. thank you for joining us. turmoil has put a damper on spending, but millions of tourists are expected to celebrate golden week, a chinese holiday. but things are changing. shery: hong kong was a tough for visitors but it is losing its luster.

performance in the city will remain weak as chinese consumers switch to other holiday destinations, especially japan and south korea. a weaker yen makes japan more affordable. keya, meanwhile, remains a peopletion for young interested in cosmetics and fashion. chinese tourists are excited to jump. live bookings are up 30%. they seem unaffected by the market rout, probably because plans were made months in advance. jeweler gets more than 60% of revenue from hong kong residents. there could be some action for gold related sectors and mass-market jewelry. shery ahn .

yvonne: that is it at "trending business." stay tuned for "asia edge." ♪

>> i'm fred barnes. >> and i'm mort kondracke. >> and "with all due respect," we are the original beltway boys. [laughter] john: happy national cider day. trump strikes a pose. the fundraising deadlines close. and we turn the tables on our friend, charlie rose. first, house republicans say "oooh...shoot." on day three of kevin mccarthy's