my opponent has called for a in syrian0% increase -- think of this, think of this. this is not believable, but this is what is happening. increase in syrian refugees , on top of the existing massive refugee flows coming into our country already. leadership of president obama. [applause] [booing] this, that despite the fact that there is no way to

squeeze these refugees in order to find out who they are, or , i onlyey come from want to admit individuals into our country who will support our values and love our people. [applause] anyone who endorses violence, hatred or oppression, is not welcome in our country, and never, ever will be. [applause] decades of record immigration have produced low wages and

higher unemployment for citizens, especially for african-americans and latino workers. we are going to have an immigration system that works, but one that works for the american people. [applause] on monday, we heard from three parents whose children were killed by illegal immigrants. marianne mendoza, said being rk, and myabine di friend camille shaw. they are three braver presented is of many thousands who have suffered so gravely. of all my travels in this country, nothing has affected me close, i haveeven

to tell you, then the time i have spent with the mothers and fathers who have lost their children to violence spilling across our borders, which we can solve. we have to solve it. [applause] these families have no special interest to represent them. no demonstrators to protect them, and none to protest on their behalf. opponent will never meet with them or share in their pain, believe me. instead, my opponent wants sanctuary cities. [booing]

where was the sanctuary for kate steinle? where were the sanctuaries for the children of marianne and sabine and jamele? where was -- it is so sad to be even talking about it, because we could solve this so quickly. where was the sanctuary for all of the other americans who have been so brutally murdered, and who have suffered so, so horribly? these wounded american families have been alone, but they are any longer. [applause]

this candidate and the whole nation stand in their corner to support them, to send them our love, and to pledge in their honor that we will save countless more families from suffering and the same awful fate. [applause] we are going to build a great border wall to stop illegal immigration, to stop the gangs and the violence and to stop the drugs from pouring in to our communities. [applause]

i have been honored to receive the endorsement of america's border patrol agents. and will work directly with them to protect the integrity of our lawful, lawful immigration system. lawful. [applause] by ending catch and release on the border, we will end the cycle of human smuggling and violence, illegal border crossings will go down. we will stop it. it will not be happening very much anymore, believe me. peace will be restored by

enforcing the rules for millions that overstay their visit. our laws will finally receive the respect that they deserve. [applause] tonight, i want every american whose demands for immigration security have been denied, and every politician who has denied them to listen very, very closely. say.e words i about to i am about to say. on january 20 of 2017, the day i take the oath of office -- [applause] -- americans will finally wake where the laws

of the united states are enforced. [applause] we are going to be considerate and build -- compassionate to everyone. my greatest compassion will be citizens.n [applause] [chanting usa] usa, usa, usa. [applause] opposite ofhe exact

the radical and dangerous immigration policy of hillary clinton. want relief from uncontrolled immigration, which is what we have now. communities want relief, yet hillary clinton is proposing ,ass amnesty, mass immigration and mass lawlessness. [booing] her plan will overwhelm your , further reduce your jobs and wages, and make it harder for recent immigrants to escape the tremendous cycle of poverty that they are going through right now and make it almost impossible for them to join the middle class. [applause] vision forfferent

our workers. it begins with a new fair trade policy that protects our jobs and stands up to countries that cheat, of which there are many. it has been a signature message of my campaign from day one, and it will be a signature feature of my presidency from the moment i take the oath of office. [applause] i have made billions of dollars in business making deals. now i am going to make our country rich again.

using the greatest business people in the world, which our country has, i am going to turn our bad trade agreements integrate trade agreements. into great trade agreements. [applause] america has lost nearly nearly-one third of its manufacturing jobs since 1997, following the enactment of disastrous trade deals supported by bill and hillary clinton. [booing] remember, it was bill clinton who signed nafta, one of the worst economic deals ever made by our country or frankly any other country. never ever again. i am going to bring back our

jobs to ohio and pennsylvania and new york and michigan and all of america, and i am not going to let companies move to other countries, firing their employees along the way, without consequences. not going to happen anymore. [applause] my opponent, on the other hand, has supported virtually every trade agreement that has been destroying our middle class. she supported nafta, and she supported china's entrance into the world trade organization, another one of her husband's colossal mistakes. and disasters. she supported the job killing trade deal with south korea.

she supported the trans-pacific partnership. which will not only destroy our manufacturing, but it will make america subject to the rulings of foreign governments, and it not going to happen. [applause] i pledge to never sign any trade agreement that hurts our workers, or that diminishes our freedom and independence. we will never ever sign bad trade deals. america first again, america first. [applause]

instead, i will make individual deals with individual countries. no longer will we enter into these massive transactions with many countries, that are thousands of pages long and , which no one from our country even reads or understands. we are going to enforce all trade violations, including against any country that sheets. -- cheats. this includes stopping china's outrageous theft of intellectual property, along with their illegal product dumping, and their devastating currency manipulation. they are the greatest that ever came about, they are the greatest currency manipulators ever. ooing]

our horrible trade agreements with china and many others will be totally renegotiated. that includes renegotiating nafta to get a much better deal for america and we'll walk away , if we don't get that kind of a deal. [applause] our country is going to start building and making things again. [applause] next comes the reform of our tax laws, regulations and energy rules. while hillary clinton plans a massive, and i mean massive tax , increase, i have proposed the largest tax reduction of any

candidate who has run for president this year, democrat or republican. [applause] middle income americans and businesses will experience profound relief, and taxes will be greatly simplified for everyone. i mean everyone. america is one of the highest-taxed nations in the world. reducing taxes will cause new companies and new jobs to come roaring back into our country. believe me, it will happen, and it will happen fast. then we will dish you -- deal with the issue of regulation one , of the greatest job-killers of them all. excessive regulation is costing

our country as much as $2 trillion a year, and we will end it very, very quickly. [applause] we are going to lift restrictions on the production of american energy. [applause] this will produce more than $20 trillion in jobs creating economic activity over the next four decades. my opponent, on the other hand, wants to put the great miners and the great steel workers of our country out of work and out of business. that will never happen with donald j. trump as president.

our steelworkers and miners are going back to work again. [applause] with these new economic policies, trillions and trillions of dollars will start flowing into our country. this new wealth will improve the quality of life for all americans. we will build the roads, highways, bridges, tunnels, airports, and the railways of tomorrow. this, in turn, will create millions more jobs. we will rescue kids from failing schools by helping their parents send them to a safe school of their choice. [applause]

my opponent would rather protect bureaucrats then serve -- than serve american children. that is what she is doing, and that is what she has done. we will repeal and replace disastrous obamacare. [applause] you will be able to choose your own doctor again. and we will fix tsa at the airports, which is a total disaster. [applause]

[chanting usa] thank you, thank you. we are going to work with all of our students who are drowning in oft to take the pressure these young people just starting out in these young lives. tremendous problems. rebuild ourletely depleted military. [applause] and the countries that we are protecting at a massive cost to us will be asked to pay their

fair share. [applause] we will take care of our great veterans like they have never been taken care of before. [applause] my just-released 10 point plan has received tremendous veteran support. those whoarantee serve this country will be able to visit the doctor or hospital of their choice without waiting five days on a line and dying. [applause]

my opponent dismissed the va scandal one more sign of how out , of touch she really is. we are going to ask every department head in government to provide a list of wasteful spending on projects that we can eliminate in my first 100 days. [applause] the politicians have talked about this for years, but i'm going to do it. [applause] [chanting "yes, you will!"]

we are also going to appoint justices to the united states supreme court who will uphold our laws and our constitution. [applause] the replacement for justice scalia will be a person of similar views, principles and judicial philosophies, very important. this will be one of the most important issues decided by this election.

my opponent wants to essentially abolish the 2nd amendment. [booing] i, on the other hand, received the early and strong endorsement of the national rifle association and will protect the right of all americans to keep their families safe. [applause] at this moment, i would like to thank the evangelical community and religious community, because i will tell you what, it is important that they have given me, and i'm not sure i entirely amazing,t, has been so

and has had such a big reason for me being here tonight, true, so true. they have much to contribute to our politics, yet our laws prevent you from speaking your minds from your own pulpits. an amendment, pushed by lyndon johnson, many years ago, threatens religious institutions with a loss of their tax-exempt status if they openly advocate their political views. their voice has been taken away. i am going to work very hard to repeal that language and to protect free speech for all americans. [applause]

we can accomplish these great things and so much more. all we need to do is start believing in ourselves and in our country again. start believing. it is time to show the whole world that america is back, bigger, and better and stronger than ever before. [applause]

in this journey, i'm so lucky to have at my side my wife melania and my wonderful children, don, ivanka, eric, tiffany, and barron. you will always be my greatest source of pride and joy. and by the way, melania and ivanka, did they do a job? [applause] my dad, fred trump, was the smartest and hardest working man i ever knew. i wonder sometimes what he'd say

if he were here to see this and to see me tonight. [applause] it's because of him that i learned, from my youngest age, to respect the dignity of work and the dignity of working people. [applause] he was a guy most comfortable in the company of bricklayers, carpenters, and electricians and i have a lot of that in me also. i love those people. [applause] then there is my mother, mary. she was strong, but also warm and fair-minded. she was a truly great mother.

she was also one of the most honest and charitable people that i have ever known, and a great judge of character. she could pick them out anywhere. to my sisters mary anne and elizabeth, my brother robert and my late brother fred, i will always give you my love. you are most special to me. [applause] i have had a truly great life in business. but now, my sole and exclusive mission is to go to work for our country, to go to work for you. it's time to deliver a victory

for the american people. we don't win anymore, but we are going to start winning again. [applause] mr. trump: to do that, we must break free from the petty politics of the past. america is a nation of dreamers and strivers that is being led by a group of censors, critics, and cynics. all of the people telling you that you can't have the country you want, are the same people telling you that i

wouldn't stand, they said trump didn't have a chance here tonight. the same people. to feeding those people that don't away? -- defeating those people, don't we? no longer can we rely on those same people in the media, and politics, who will say anything to keep a rigged system in place. instead, we must choose to believe in america. history is watching us now. we don't have much time but history is watching. it is waiting to see if we will rise to the occasion, and if we will show the whole world that

america is still free and independent and strong. [applause] i am asking for your support tonight so that i may be your champion in the white house. .nd i will be your champion [applause] mr. trump: my opponent asks her supporters to recite a three-word loyalty pledge. "i'm with her." i choose to recite a different pledge. my pledge reads, "i'm with you -- the american people." [applause]

mr. trump: i am your voice. so to every parent who dreams for their child, and every child who dreams for their future, i say these words to you tonight: , i am with you. i will fight for you, and i will win for you. [applause] mr. trump: to all americans tonight, in all our cities and towns, i make this promise. we will make america strong again.

we will make america proud again. we will make america safe again. and we will make america great again. god bless you and good night. i love you. [applause] anchor: an endorsement from the republican party. about a very wide range of subjects. no real concrete postal's coming through as far as policy measures. a lot was discussed. a lot of ground covered. trade deals, nafta being the worst and most outrageous.

we do also have him talking a countryut essentially which is going down the tubes, according to the speech. and opposing what hillary clinton has planned. let's find out what is happening and get to the ground itself in cleveland, ohio. our bloomberg politics reporter joins us. quite something. a lot of cheers. you would expect that. talk about the highlight of the speech. this speech continued many things that won over conservatives during the primary. immigration, cutting off the borders from refugees. applause was when he said he would keep naming conservatives to the supreme

court. we have been hearing from his advisers about what people call a general election event. there was very little of this. to be almost a speech from the primaries. not evidence he was seriously trying to expand his coalition. paint in america which was teetering on the edge of disaster. reporter: from the outset, he talked about crime in this country. public safety, lawlessness. those are themes that haven't been present in american politics for quite a while. what you lot more like would hear in the 1970's or 80's when crime and public safety were greater issues of concern. he tried to tie that into a story about terrorism. international and local threats.

of fear a general sense and anxiety. he suggested he is the only one who could restore a sense of law and order. looking for clues as to what is going to happen globally. he talked and repeated the pledge of building a wall. he also repeated the threat to countries under the umbrella of american protection to pay. how did that play out? reporter: this is one of the few places where the advanced release speech did not match up. he added sentences about nato. a commotion after the new york times released material where he suggested the u.s. would not follow through on its obligations to protect nato

treaty countries if they ended up in a situation where they had not been holding up their end of commitments. reads we see perpetually national security and foreign policy and economic terms. one of the themes was america is not being respected. the u.s. is suffering because other countries, allies and were lacking in deference to american power and might. a lot of what we see about his foreign-policy stems from the projecting andby articulate in strength can the u.s. regain the greatness that is the dominant theme of his candidacy. thank you very much, indeed. in cleveland, ohio. what was your key take

away? we got the feeling america was in the depths of a crisis. candidate does. mark: it sounded a little bit like a gotham city. what he is trying to do is re-create america that may or may not have really existed. not looking for a new america. something that might have existed in the past. something that people thought existed in the past. it is responding to what people are concerned about. one is what is called cultural anxiety. rishaad: that feeds into something else. the politics of fear. mark: that is right. are goinging in that to make america different than it was before. lot of this has to do with

immigration and what is apparently a demographic shift. aites are going to be minority within the next 20 years or so. some people feel this is a threat and a linked to immigration. another, dislocation. relationned before in to globalism. shot: you saw a whole anti-globalization team. tradeno world organization, i guess. he doesn't like the imf. maybe the advocates of some of those organizations have an done a good enough job of portraying that. tohaad: when you point globalization, china becomes -- not quite as much as we have seen.

currency manipulation. outsiders, contributing to this. re we really getting the bang for the buck. rishaad: he called it a job killing deal. there are aspects of it. most analysis would say it favors the u.s. more than south korea. that is what we did not see much

of. toking with others to try achieve something that is a benefit to the u.s. also in cooperation with allies. rishaad: the fact checkers will be busy. remarkably light on specific policies. about the justice for the supreme court, we don't get that much. a hundred day theme. mark: it was light on those aspects. i'm going to fix this. health care is going to be fixed.

students pay so much for education. and then to have these big debts. it is a nice thing to say. no indication of how you might move forward. rishaad: you could almost tick boxes as he went through the constituencies he was trying to appeal to. mark: it did support and appeal to the audience that had supported him. i am not sure it goes beyond that. rishaad: we said he had to unify the republican party and make the speech one that appeals to broad stream america. mark: i don't think he probably

did that. suggesting its was taking the same themes from the primaries. how: it is important to see some of the republicans who have been spectacle, -- skeptical react. he was critical of what they were doing. me or may not have been right or wrong. it was a direct attack on them. it will be hard for them to take as well. we have that as well as read mark: it was a popular speech. he see the reaction on the floor and people who voted for him were satisfied and reacted favorably t. rishaad: we look forward to hillary clinton, naming a running mate.

he really went after her. mark: the speech was very negative. it started from the first line criticizing hillary clinton. it was really the center of what he was saying in many ways. it from me. a check on the markets, coming up next. this is. bloomberg. ♪

anchor: in chengdu, china, authorities are meeting. crossing the terminal right now. he is saying countries are pushing for balanced growth.

table talk.round agrees the roundtable world economic recovery does need a process. uncertainties are increasing. cannotld economy continue to go downward without limits. against allould be types of protectionism. the comments coming as donald finalized his speech. this is the china forum, once again. leading a roundtable dialogue. saying earlier countries should consider policy spillover effects.

the stabilizer of the world economy. ease fromen stocks 2016 eyes. there has been a bit of an upswing in the yuan. it may hold the six week tumble. china seen as limiting losses. pressure from the stronger u.s. dollar. up 0.1%. having a look at the markets. coming off the reach. session,ursday's weakness coming through. quite a bit of downward pressure on the nikkei. 1.2% in japan.

yen on the back of the comments, negating the hopes of helicopter money even the we know those were made pre-brexit. a lot of those export stocks coming under pressure. afxustralia, sending the 200 off of highs. the bull market for the hang seng. down one half of 1%. tracking higher. most of those players coming under pressure. on ample u.s. supply. every sector is lower. the pokémon affect not going away. nintendo shares up 2% in tokyo. thatis as we see be game

started in japan launched in that country. mcdonald's saying it will have gyms and will also be a poke stop. weakness in the energy players. gold stocks higher. >>

>> when you think about the , china takes a lot of shares from china and malaysia. if you do get a retrenchment, the mechanism -- anchor: the markets do not like uncertainty. they are saying, you can expect the prizes from me. >> that is absolutely correct. anchor: you still see opportunities in the u.s..

>> the u.s. economy is growing relatively strong. anchor: even after a rate which rise? strongrly we have been enough for a couple of rises. i think they will see what is happening with the brexit fall out. they will be less concerned about that. they will realize the data is reasonably strong. anchor: if you say the economy is healthier, enough to support a rate rise, why are we not seen those rate rises? why hasn't the perspective changed toward placating a market? think they are specifically trying to placate markets. i think they are being very realistic and honest about the fact that they don't know next month's data point.

they are waiting for the data points. reporter: let's return you to beijing. christine lagarde. what listen in to christine lagarde has to say. >> revise upwards. the forecast for growth. i would have done that because area, wepan, the euro are doing better than what we had expected. unfortunately, the united kingdom decided to go for brexit.

so we had to revise downward. morning, thed this forecast for growth is reduced by 0.1% this year and next year, to 3.1%. and 3.4% in 2017. this is disappointing. disappointingore is we have conducted some because the numbers i have just given you are baseline. severere scenarios. the numbers would be reduced by 0.5% for global growth >. that leads us to a few recommendations we have discussed this morning. i will mention five of them quickly.

forfirst and immediate is the uncertainty surrounding -- anchor: lots of recommendations. certainly highlighting the concern about exit. -- brexit. let's talk about that. how does that impact the global growth story? >> the point is, we don't know. a lot of the forecasts are being, not revised but questioned. that is why the ecb did not do anything last night read it is unclear. a financialom standpoint or market standpoint, the impact has in relatively muted. it is an important part of what central banks are taking into account.

anchor: joining us live in hong kong. a busy news day. we have the rnc in cleveland, donald trump. and then we just heard from

>> it is noon here in hong kong. i and angie lau with an update on the top story. donald trump has officially accepted the nomination for president. in a wide-ranging speech, he painted the picture of a nation teetering on disaster which only he can save. he told the assembled supporters, i am your voice. >> the most important difference between our plan and that of our opponent is that our plan will put america first. americanism, not globalism, will be our credo. we are going to