clinton has become the first woman formally nominated by a major political party for president in the united states. her husband is due to speak shortly. we will have that for you live from philadelphia. we have the cpi out of australia. profits out of china. we got asian equities tracking those highs. despite also the nervousness ahead of the bank of japan. there was a lot going on. there's a lot that affect sentiment here. juliet: a very busy day indeed. it is being led by japan. the nikkei is up by more than 1% half an hour ahead of its lunch break. have the yen weakening after that biggest surge due to the brexit vote. we're seeing a lot of others

from export companies today. supporting the overall nikkei even though as you say they're still some nervousness about whether is it going to be more stimulus added to japan's economy. a very good pickup coming through on the high one index. it is up by half of 1%. the retailer and the insurers are looking quite good there. we are watching the property developers quite closely with beijing planning to raise the down payment for some second-home buyers. we are waiting for the cpi number from australia. it is really led by these boosts from various markets.

it is lower today. alliterative crossing as to whether or not we will see a rate cut from the australian bank next week. we are having a look at some suppliers in the region. they're are getting a boost on the bank of those earnings from apple. rishaad: apple is the world's most valuable publicly listed company. what stood out in that earnings report? item and i to pick one not a lot of people talk about this little bit here. apple has the other income it almost like small change. other income in the fourth

quarter. $350 million. we were expecting those numbers to fall anyway. about $7are down billion. you compare those forecasts to the others. they are falling and projected to fall. how much revenue came from the iphone that is still out there. look at 40 million iphones. at the peak first quarter of this year the first fiscal quarter we were looking at 75

million. that do the christmas season. will looki at the top end of forecasts. it is still 40%. a lot of that has to do with costs of consulting. about a year ago was 40% order. tofar as how that relates supporters in the asian market. operating expenses are around $6 billion. that is we really have to deal with. the shock: one of a about their outlook?

there's something like 300 plus smartphone makers. dated: sales in china were just under $8.9 billion. that is down from $12.5 million last time this year. take a look at asia. the old japan and china. that is a very small percentage. clearly the biggest market for apple so far is to have a look within the asian pacific entity. they plan to open retail stores in india.

obviously we know the economy has slowed. but there is a foreign exchange element here. rishaad: what is the verdict of analysts summing up these earnings reports. david: i think it is thumbs up. you look at the research and development. latest one that has come out mostevised their position analysts have the stock as a buy. has a targeton price of $185.

rishaad: thank you very much. we will talk to one analyst about it. let's look at the currency markets. the u.s. dollar is making another move higher. there at .4%. the reserveng bank's further food for thought when it comes to any further rate cuts. how significant is this figure? >> it was a very significant number. we've been waiting for second quarter cpi. the first quarter cpi came in so weekly. it prompted the reserve bank to cut. we have a rather murky read here.

we saw this trillion dollar spike on the release of these figures. that illustrates the challenge for the reserve bank. not a great deal clearer. a lot of the announcements after the release of these figures has been slipped. they could leave some ammunition for the new incoming government. tuesday's meeting for the reserve bank is still very very lives. rishaad: it is a market darling today. if you dig into the details and all comes down to the cost-cutting program.

is being so richly rewarded by the markets this morning. now is at seven and a half percent, one of the best performers on the australian stock exchange. there is a debt to dynamic here. almost $3 billion over the past year. getting at well under control down to $5.2 billion. rishaad: thank you very much. let's turn to history being made in pennsylvania. >> it is a momentous day. hillary clinton has become the first woman to be nominated for

the u.s. presidency by a major party. theton formally won democratic nomination at the national convention that is underway in philadelphia. each state announced its vote for the primaries and caucuses. she was pushed over the threshold by south dakota. we have some breaking news. rishaad: that is the scene at the moment at the democratic national convention. there he is, bill clinton. history was being made in philadelphia with the first nominee for president. one of the goals is to get bernie sanders behind hillary here.

a lot of disunity last week in cleveland. bill clinton: thank you. thank you. in the spring of 1971, i met a girl. the first time i saw her we were appropriately enough in a class on political and civil rights. she had blonde hair, big glasses.

were no makeup. this sense of strength and self possession that i found magnetic. i was intending to introduce myself. i get close enough to touch her back. but i could do it. somehow i knew this would not be just another tap on the shoulder. i might be starting something i couldn't stop. one night i was in the law library talking to a classmate who want me to join the year law journal. love you get a job a big firm or clerkship with the federal judge.

then i saw the girl again. longe opposite end of that corridor. finally, she was staring back at me. she said look, if you are going we atp staring at me least auto know each other's names. >> i was so impressed and surprised that for a moment there i was speechless.

my namei blurted out and we exchanged a few words. i didn't join the law review. did leave that library with a whole new goal in mind. she was wearing a long white flowery skirt. you had to stand on to register back then. he said bill are you doing here? you register this morning. she laughed that big laugh affairs and i thought well heck since my cover has been blown i

just went ahead and asked her to .ake a walk we have been walking and talking and laughing together ever since. whodunit through good times and bad through joy and heartbreak. we cried together this morning we heard that our good friend mark bonner had passed away. lifetime i have three drove her home to park ridge illinois. to meet her family. and see the town where she grew up. a perfect example of post-world war ii middle-class american.

it was all most all white. i really liked your family. they were all extolling the virtues of hillary and the bears the cubs. illinois,ople from they even told me what waiting for next year meant. now her mother was different. she had a childhood that made by look at the piece of cake. she was easy to underestimate. me of how you

should never judge a book by its cover. of the her was one greatest gifts hillary ever gave me. she got her introduction to social justice from her methodist minister. she went to hear martin luther king speak. he remained her friend for the rest of his life. this will be the only campaign of hers he ever missed. which got to college, her support for civil rights and her opposition to the vietnam war compelled her to change parties and become a democrat. i'm a total lark she went alone to alaska. she spent her time canning fish. by the time i met her, she

already been involved in the law school's legal services project. she'd been influenced by marian wright edelman. she took a summer internship interviewing workers in migrant camps percent of walter mondale subcommittee. she also began working in the yield new haven hospital. she developed procedures to handle prospective child abuse cases. that sheo involved actually took an extra year in law school working at the child study center to see what more could be done to improve the lives of the futures of poor children. she was already determined to figure out how to make things better. she opened my eyes to a whole new world.

of public service by private citizens. alabama to visit one of those segregated academies. the only way the economics work is that they claimed federal tax exemptions to which they were not legally entitled. she got sent to prove they weren't. she sauntered into one of these academies all by yourself. she was pretending to be a housewife that a just moved town and needed to find a school for her son. she said let's get to the bottom line. schoolll my son in this will he be in a segregated school? the guy said, absolutely. she had him. i've seen a thousand times since. encounterack and her

gave marian wright edelman the needed to take those tax exemptions and so the kids could get equal education. then she went out to south texas. she met one of the nicest fellows i ever met. the wonderful union leader franklin garcia. or register mexican-american voters. i think some of them are still around in 2016. in our last year in law school, hillary kept up this work. she went to south carolina to see why so many young , young-american boys

teenagers, were being jailed for years with adults. in a men's prison. she filed a report on that changes to. always making things better. let's get back to business. i was trying to convince her to marry me. her on aroposed to trip to great britain, the first time she ever been overseas. we were on the shoreline of this wonderful lake. i asked her to marry me and she said i can't do it. in 1974 i went home to teach law school and hillary moved to onsachusetts to keep working children's issues. this time trying to figure out why silly kids counted in the census work enrolled in school.

she found one of them sitting alone on her porch in a wheelchair. she filed a report about these kids. that helps influence the congress to adopt the proposition that children with disabilities physical or otherwise should have equal access to public education. you saw the results of that last night. when anastasia somoza talked. she never made fun of people with disabilities. she tried to empower them based on their abilities.

meanwhile, i was still trying to get her to marry me. time i asked her i tried a different approach. i said i really want you to marry me what you should do it. she smiled and looked at me like what is this boy up to? she said that is not a very good sales pitch. i said i know but it's true. i mentioned, it was true. i said i know most of the young democrats our age who want to go into politics. they mean well and they speak well but none of them is as good as you are and actually doing things to make positive changes in people's lives. i suggested she go home to illinois are moved to new york and look for a chance to run for office. she just laughed and said are you out of my mind?

nobody would ever vote for may. i finally got her to come visit me arkansas. did, the people of the law school were so impressed they offered her teaching position. she decided to take a huge chance. place,ed to a strange rural and culturally conservative more than any place should ever been. she knew very well people would wonder what she was like and whether they could or should accept her. to findt take him long out what she was like. .he loves her teaching she said don't tell me that you are as smart as anybody you have to believe in yourself and set high goals. she believed that anybody can make it. started the first legal

aid clinic in northwest arkansas. providing legal aid services to poor people who couldn't pay for them. one day i was driving her to the airport to fly her back to chicago. when we passed this little brick house and she said that is a pretty house. feet, and0 square attic fan and no air conditioner in hot arkansas. it had a screened in porch. she commented on what a uniquely designed house it was. i took a big chance. i bought the house. my mortgage was a hundred $75 a month. when she came back i picked her up and said your mother that has you liked? while you are gone, i bought it. you have to marry me now.

the third time was the charm. we were married in that little house on october 11, 1975. i married my best friend. more still in all after than four years of being around her at how smart and strong and loving and caring she was. i really hoped that her choosing and rejecting my advice to pursue her own career was a decision she would never regret. laterle over a year that is bill clinton

talking about how he met hillary rodham clinton at the democratic national convention tonight. talking about how he managed to get her to move to arkansas. the former coming up next. -- former president coming up next. ♪

♪ top stories. asian equities on the rise. rising after a three-day slide. financeafter the minister says the government will leave monetary policy decisions to the boj. asia-pacific suppliers getting a bump. accidentsata exceed -- estimates. got a bit of a boost from the

apple.ile in china from stake dollar, a bit of a -- spike. this gives the rba a bit more room, before making further interest rate cuts. of action taken has fallen. bill clinton is still talking at the dnc in philadelphia. we will hear more from him in a moment. let's find out what is going on market wise. reporter: a pretty good day market wise. we are seeing the regional indexes holding at the highest level since october last year. a good session coming through, despite mixed movement from wall street. we do have is a yen giving back

a lot of yesterday's gains, supporting the nikkei, up by 1.4%. very good gains coming through from some apple suppliers, and export stocks. shanghai has turned positive as well. a very good session in hong kong. a lot of those insurance companies are leading the game. the hang seng is up by half of 1%. apple suppliers also boosting up in taiwan. australia, pretty flat. the bpi number was better than expected, but there is now a 50-50 chance whether or not we will see a rate cut from the rba next week. they're suggesting it is likely going to be very much a life decision. new zealand holding on to record highs, up by 2/10 of 1%. a good session in jakarta as well, up 1%. at some ofick look those apple suppliers in the region. in taiwan, also sharp in japan. algae in korea, looking very

strong -- lg in korea, looking very strong. also, a boost from bhp. base metals and iron ore prices, doing well in new york and london. nintendo coming under pressure, coming through with earnings results for the first quarter later today. of course, nintendo has already told the market the effects of pokemon go could be a little limited. i want to show you this wild swing and aussie dollar it had that big. spike when we saw the cpi coming in better than expected, but now 50-50 chance of a rate cut, at 74.96. rishaad: thank you. apple may have posted better-than-expected revenues, but iphone sales continue to fall. the smartphone may fall into fourth place in china's smartphone market. let's get more with neil shaw.

you are in mumbai. this?s your take on what was your overall view of what apple said earlier? reporter: i think it was below expectations. if you don't compare the earnings, but look at the long-term prospects for apple. apple is only depended on iphone . also, it is dependent on china and the u.s., which makes up most of the revenue for iphones. if you look at china performance almost,e, it is mostly the other companies have taken shares away from apple over the last six months. rishaad: the thing is, whenever

we get a new iphone, we expect apple to knock it out of the park. the stakes get higher every time. reporter: yes. absolutely. if you look at the competition, three years ago, apple had a lot of advantages in terms of overall user experience, software, hardware and design. but if you look at the scenario where the chinese brands like huawei and xiaomi, to some extent have almost surpassed, or on par with apple in design, as well as all of the innovation they are bringing to phones in terms of batteries and cameras, and when you compare with google or android ecosystem, which has been thriving and the overall, user experience, it is almost on par with what you get from iphone. the gap has been closed quite a bit, and the work is cut out for apple, to invigorate sales with much more devices.

iphone, ite flagship is a once a year thing. it is during the course of that year that others can catch up. some are talking about maybe having multi-launches within a year. ways,ould have in some destroy the reputation, according to some people. reporter: absolutely. i think that would be a good move for apple, because if you see, most of the bulk of the sales happened in the lunch quarter for apple iphones. the rest of it, it slows down in the competition catches up, with better features that apple will eventually launch in the next iphone. they are one step ahead in -- of apple in the last couple of years. spreading out the lunches and having targeted portfolios, or targeted models for different markets would be more prudent,

spacing out in a year. i think that would drive iphone sales higher. rishaad: thank you, neil. have a great day. he is from counterpoint technology market research. getting back to the dnc in philadelphia, where former president bill clinton is talking. he has been speaking about how he met his wife and how he tried to propose to her several times, without success. clinton: there are a lot of other things in that bill that she got done, piece by piece, pushing that rock up the hill. also teamed with the house minority mean it -- leader tom delay, who may be disliked me more than any of newt gingrich's crowd. [laughter] on a bill together to increase adoptions of children out of foster care.

she wanted to do it because she knew that tom delay, for all of our differences, was an adopted parent, and she honored him for doing that. [applause] on, whichhey worked passed with an overwhelming bipartisan majority, led to a big increase in the adoptions of children out of foster care, including non-infant kids and special needs kids. it made life better, because she is a change maker. that is what she does. [applause] when you're doing all this, real life doesn't stop. the yearthat was chelsea finished high school and went to college. we were happy for her, but sad for us to see her go. i will never forget moving her into her dorm room at stanford. it would have been a great little reality check.

trance, still a staring out the window, trying not to cry, and there was hillary on her hands and knees, desperately looking for one more drawer to put that liner paper in. [laughter] charge, chelsea took and told us ever so gently that it was time for us to go. [laughter] so we closed the big chapter in the most important work of our lives. as you will see thursday night, when chelsea speaks, hillary has done a pretty fine job of being a mother. [applause] as you saw last night, beyond a shadow of a doubt, show has michelle obama. [applause] fast-forward, in 1999,

congressman charlie wrangle and other new york democrats urged to run for the state, for the seat of retiring senator moynihan. we always intended to go to new york after the last office and commute to arkansas, but this had never occurred to either one of us. , but she decided to give it a had never run for office before, but she decided to give it a try. she did like she always did, by listening and learning. new york elected her to the seat once held by another outsider, robert kennedy. [applause] down.dn't let him

her early years were dominated by 9/11, by working to find the recovery, and monitoring the health of and providing compensation to victims and first and second responders. she and senator schumer work tirelessly, and so did house members. in 2003, partly spurred on by through, shegoing became the first senator in a history of new york ever to serve on the armed services committee. [applause] to make sure people on the battlefield had proper equipment. she tried to expand health care coverage to reservists and members of the national guard. she got longer family leave, working with senator dodd, for people caring for wounded servicemembers. she worked for more extensive care for people with traumatic rain injuries -- brain injuries. she also served on a special to proposemmission

changes necessary to meet our new security challenges. newt gingrich was on that commission. --told me what a good dog what a good job she has done. i say that, because nobody who has seriously doubt with the men -- dealt with the men and women in this military believes they are a disaster. ,hey are a national treasure from all walks of life. [applause] meanwhile, she compiled a really solid record, totally progressive on economic and social issues. she has always been against proposed trade deals. she became the de facto economic development officer for the area of new york, and outside new york city. she worked for farmers, winemakers, small businesses and manufacturers.

four of state cities in rural areas, the needed more investments and good ideas to create new jobs, something we have to do again in small town in rural america, and neighborhoods that have been left behind in cities, indian country, and yes, in coal country. [applause] when she left a hard-core contest for president obama in 2008, she worked with him. she hesitated to say yes when he asked her to join his cabinet, because she so love to being a senator from new york. context,n a different he had to keep asking. [laughter] but as we all saw and heard from madeleine albright, it was worth the effort, and worth the wait. [applause] sheecretary of state,

worked hard to get strong sanctions against iran's nuclear program. and in what the wall street journal called a half-court shot at the buzzer, she got russia and china to support it. her team negotiated a new proposal was russia, and got republicans apart with two thirds of the senate to ratify the treaty. she flew all night long from cambodia to the middle east, to get a cease-fire that would avoid a full out shooting war between gaza and -- between hamas and israel and gaza, to protect the peace of the region. she got president obama's decision to go after osama bin laden. this isched a team -- really important today. she launched a team to fight online,inst terrorists

and built a new global counterterrorism effort. [applause] we have to win this battle, in , it feels. she put climate change as the center of foreign policy. she negotiated the first agreement ever, where china and india officially committed to reduce emissions. since she had been doing, she went to beijing in 1995, and said women's rights are human rights, and human rights are women's rights -- [applause] -- she worked to empower women and girls around the world, and to make the same exact declaration on behalf of the lgbt community in america, and around the world. [applause]

nobody ever talks about this much, it is important to me. she tripled the number of people with aids in poor countries whose lives are being saved with your tax dollars, most in 1.7 milliong from lives, and 1 -- 21.5 million lives, and it did not cost any extra money. she just got generic drugs, something we need to do for the american people more. [applause] you don't know any of these people. you don't any of the 3.4 million people, but i guarantee they know you. they know you because they see you as thinking their last matter. they know you. that is one reason approval and the united states was 20 points higher when she left secretary of state's office, then when she took it. [applause]

how does this square with the things that you heard at the republican convention? what is the difference with what i told you, and what they said? how do you square it? you can't. one is real, the other is made up. [applause] , whicht have to decide is which, my fellow americans. the real one has done more positive change making before she was 30 then many public officials do before a lifetime in office. [applause] her inl one, if you saw from childhood,

through arkansas, where she has not lived in more than 20 years, people who have gone all across america to fight for the person they know. [applause] earned thee has loyalty, respect, and support of people will have worked for her in every state of her life, including leaders around the world who know her to be straightforward and completely trustworthy. the real one calls you when you're sick, when your kid is in trouble, or when there is a death in the family. thateal one repeatedly praise from prominent republicans when she was a senator and secretary of state. [applause] this?at is up with elections on the theory that government is always bad and will mess up a two-car parade, a real change maker

represents a real threat. your only option is to create a cartoon. [laughter] a cartoon alternative. cartoons are two dimensional, easy to absorb.life in the real world is complicated , and real change is hard. a lot of people even think it is boring. [applause] good for you. because earlier today, you nominated the real one. [applause]

we have to get back on schedule. [laughter] [applause] i have lived a long, full, blessed life. it really took off when i met and fell in love with that girl in the spring of 1971. when i was president, i worked hard to give you more peace and shared prosperity, to give you an america where nobody is invisible, or counted out. time, hillary is uniquely qualified to seize the opportunities, and reduce the risk we face. nnd she is still the best dar

change maker i have ever known. [applause] you could drop her into any trouble spot, pick one. come back in a month, and will makeomeway, she it better. that is just who she is. there are clear, achievable, --ordable responsiveness responses to our challenges. that we will not get them if america makes the wrong choice in this election. that is why you should elect her, and you should elect her because she will never quit when the going gets tough. she will never quit on you. this high married to west virginia, where she knew towere going to lose,

look those coal miners in the eye, and say i'm down here because hillary sent me to tell if you really think you can get the economy back you had 50 years ago, have at it, vote for whoever you want to. but if she wins, she is coming back for you to take you on along for a ride on america's future. [applause] you, if youy to love this country, you are working hard, paying taxes, and obeying the law, and you want to become a citizen, you should choose immigration reform over someone who wants to send you back. [applause] and youre a muslim, love america and freedom, and hate terror, stay here and help us win and make a future together. we want you.

[applause] if you are a young african-american, disillusioned dallasaid, we saw in howard great our -- how great our police officers can be help us with a future. , where nobody is afraid to walk outside, including people who wear blue. [applause] make us stronger together. you know it, because she spent a lifetime doing it. i hope you will do it. i hope you will elect her. those of us who have more yesterday then tomorrow tend to

care more about our children and grandchildren. the reason you should elect her is that in the greatest country on earth, we have always been about tomorrow. grandchildrenand will bless you forever, if you do. god bless you. thank you. [applause] ♪ rishaad: bill clinton there, a rousing speech, with the democrats there. the official nomination of their first ever female candidate of u.s. president. let's go back over to philly. give us a sense of the atmosphere there. reporter: the crowd loved it. the crowd ate it up. and what we saw from former president clinton is he largely

gave the first portion of his speech and autobiographical, storytelling version of exactly what he and his wife went through, and then he pivoted toward exactly where they are today. he drew very clear political battle lines. he sought to present the democratic party as being much more inclusive, much more all-encompassing than the republican alternative. he consistently presented her as a true change maker. but of course, the question becomes, for an america that is verye cusp, and candidly angry with the pace of an economic recovery, is this enough to set a vision for the future? rishaad: kevin, it was extraordinary. a very long, or annotated version of how they got together, more like a wedding speech at the start. as you say, the lines were pretty much marked between the democrats and republicans. but will the support of the bernie sanders voters by it?

reporter: he made no specific mention of the transpacific partnership deal, is one of the key contentious issues between progressives, as well as her wing of the party. he did say that she voted for and against certain trade deals, but glossing that over is a huge issue that has divided democrats. again, this is someone who came in tonight, wanting to speak personally for hillary clinton, wanting to remind voters exactly of what the clintons have been through. he criticized republicans for trying to caricature and present the clintons as cartoon characters. but again, we are at a moment in american politics, where voters are angry on both sides of the aisle. voters are frustrated with both the choices of donald trump and

hillary clinton. whether or not that was enough to ease people's concerns, we will have to wait and see. rishaad: perhaps an appeal to the wider electorate, better the devil you know, if you think she is the devil? reporter: yes. this speech from bill clinton that we just saw was not a speech aimed at progressives. this was aimed at independent voters this was aimed at suburban philadelphia. where this convention is being held. this was a speech where more moderate swing voters, who a coding -- according to recent polling, went to trump. rishaad: kevin in philadelphia. it is "asia edge." that is coming next. ♪

angie: it is the middle of the asian trading day. a beautiful blue sky we are seeing here in hong kong. of that power could reflect what we are seeing in the markets today. we are live in hong kong, and this is "asia edge." ♪ angie: i'm angie lau. the top stories this hour. asian stocks rise as japan snapped a three-day slide, and the yen retreats on a shaky stimulus outlook. apple asian suppliers get a

bump, after cheaper iphones are catching on in china. aussie inflation rises faster than expected, reducing the chances of an rba cut next week. also coming up, the presidential seal of approval. clinton,linton -- bill bigs up hillary clinton. we are live at the democratic convention in philadelphia. reporter: i'm juliette saly keep an eye on the markets. most are at their highest levels since october. this is driven by casinos in hong kong, and the pullback in the yen. -- in up 1.4%. pretty flat in australia, but the chance of an rba rate cut possible. iphone suppliers are rallying up. on the markets shortly.