facing a moment of reckoning. stable allocations for the new wynn macau. countdown -- to the boj decision. it is weighing on sentiment when it comes to the trading day. juliette: boj day. the nikkei is still under pressure. down .5%. the big spike in the yen in the early part of the session. there is speculation that it could have been just algorithm trading. they are awaiting fireworks from the boj. they are trigger-happy to sell if it does not meet expectations with stimulus. we have seen a lot of those export companies waiting down by the again. also taking a look at taiwan

also under pressure. second-quarter gdp coming in line with expectations. seeing downward pressure there. also still seeing in hong kong as well. sales -- canada oil sands. one of their weaker performances that we have seen. we have been -- we have seen an upside in some other energy shares. pretty flat on the shanghai a share market. and australia, the asx 200 still holding on to gains. that is the fifth session of gains we have seen coming through the australian market. won ahievers -- it has andract to provide cheese new zealand coming back into positive territory after a couple of sessions of losses.

the yen.look at a lot of data for investors in japan today. they are not just awaiting the boj. we are still seeing some very big swings coming through in the yen that had a bigger upward track earlier and it is still up by over 1%. the oil price is also being sold off -- $41.11. just getting to what she is referring to come at the latest data jump -- dump coming out of japan today. target remaining out of reach. these looking into numbers. it adds to this intense pressure already on the bank of japan governor. expectations are already

skyhigh for the boj government to deliver more stimulus. it got hired this morning after the lackluster read of the japanese economy. we have been watching consumer prices drop for a fourth consecutive month. putting into stark relief just how far the boj is from the 2% inflation target. consumer prices excluding fresh food fell by .5%. a core inflation gauge. tohaad: getting you straight philadelphia, pennsylvania. the democratic national convention. chelsea clinton is on stage to introduce her mother. clinton: mark and i cannot quite believe it but our daughter charlotte is nearly two

years old. she loves elmo. she loves blueberries. and above all, she loves face timing with grandma. mommom can be about -- my can be about to walk on stage for a debate or a speech and it just does not matter. she will drop everything for a few minutes of blowing kisses or chugga " chaka choo." our son aidan is just a few weeks old. buts healthy and thriving we -- and we think he is the cutest baby and the world. a view i am pretty sure my mom shares.

every day i spend as charlotte and aidan's mother i think about my own mother. my wonderful, thoughtful, hilarious mother. [applause] memories is of my mom picking up after i fell down. giving me a big hug and reading me " good night moon." from that moment until this one, every single memory i have of my , regardless of what was happening in her life, she was always, always there for me. [applause] every soccer game. every softball game. every piano recital. every dance recital. sunday's spent together at church and the local library. spentess saturdays finding shapes in the clouds.

making up stories about what we would do if we ever met a triceratops. in my opinion, the friendliest looking dinosaur but my mom would always remind me that they were still always dinosaurs. as a kid i was pretty upset with dinosaurs. tookhe day that my parents me to dinosaur national park, i did not inc. like could get any better. -- i did not think life could get any better. whenever my mom was a way for work, she left notes for me to open every day that she was gone. all stacked neatly together in a incial drawer with a date the front of each one so i would know which note to open which day. when they went to france to learn about their child care about thee was all eiffel tower.

another was about the ideas she thed to bring home with kids of arkansas. i treasured each and every one of those notes. they were another reminder that i was always in her thoughts and in her heart. , conversations around the dinner table always started with what i learned in school that day. i remember one week, talking incessantly about a book that had captured my imagination -- "a wrinkle in time." only after my parents had listened to me, would they then talk about what they were working on -- education, health care, what was consuming their days and keeping them up at night. expectedhat my parents me to have opinions. and to be able to back them up with facts. [applause] doubted that my

parents cared about my thoughts and my ideas. knew howays, always deeply they loved me. that feeling of the valued and loved -- that is what my mom wants for every child. [applause] calling of her life. my parents raised me to know how lucky i was -- that i never had to worry about food on the table, that i never had to worry about a good school to go to, i never had to worry about a safe neighborhood to play in. me to care about what happens in our world and to do whatever i could to change what frustrated me, what felt

wrong. they taught me that is the responsibility that comes with being smiled on by fate. [applause] kids are a little young, but i am already trying to instill those same values in them. [applause] else that mything mother taught me -- public service is about service. [applause] daughter, i have had a special window into how she serves. i have seen her hold the hands of mothers worried about how they will see their kids, worried about how they will get them the health care that they need. i see my mother promising to do everything she could to help.

i have seen her, right after those conversations, getting straight to work figuring out what she could do, who she could call, how fast she could get results. she always feels like there is not a moment to lose. because she knows that for that mother, for that family, there is not. and, -- rishaad: chelsea clinton there extolling her mother's virtues. historiclinton's speech is coming up. glenn shy is joining as now. what does hillary clinton have to do? what will be her objective? >> she needs to unify her party. bring the sanders party to her to show she has the same

progressive agenda that his supporters have an bernie thisrs has helped that in convention to some extent. she also has to say that she is bearing the george from -- last night, it came from obama. what she also has to say -- i am taking the country in a new direction and to define the bits from her personal story and she has to get more personal. her daughter is helping her do that. she has to say -- i will be a woman president. she has to do find that. that?d: does she prey on >> she has been on the political stage in america for 40 years but in some sense, is presenting to the country -- rishaad: as a woman president. feelll americans comfortable having her on the television every night for four years?

that is part of what is important about feeling comfortable with her. that is projecting a persona. that she is a personable person. rishaad: she does not want to come across as a wonk. >> you have to see if she is coming out of her head or her heart. being emotional is very important in these speeches. those in the run-up have been. she is risk averse and the situations. in ashe get her own story disclosing way? will she looked vulnerable and a way that will draw the audience to her? rishaad: will she play that she is not a natural auditory? -- auditor? many of the speeches up until

now have been superb in that oratorical sense. she is not a gifted speaker in that same sense. does she have that vision -- does she have the ability to project over the rational sense? does she have the ability to show that she is stable and tough and on the other hand, i am a likable person. and all that has been stuck to me by the image of the press -- something thats has always dogged her campaign. let us have a look at one thing party.d -- unifying the this convention has been about that. have they been successful? but notrs has helped entirely. the hacking incident over the dnc has opened a wound between

the sanders people and projected a bizarre scenario for donald trump on the sidelines saying that he hopes the russians will plumb that one. it adds a strange dynamic to the whole convention. i think that in a sense the sanders people do not have any other place to go. willately, and what they say -- is that donald trump is so important to defeat that you have to be with clinton. means-endsational argument. hillary will say -- come with me, i will take you to the next stage of democratic -- of the democratic party's agenda. people thatry young have been with sanders. to learn that it takes time, and ism -- thetisto

party cannot afford to turn them off. they have to mobilize on the ground for the next few months. they are important for the future. this is the establishment that we have seen paraded across the convention. these are the baby boomers that are phasing out. who is the next generation? they are among the sanders people. the party has to keep embracing these people even though it has been divisive. it is a tough job for her to do. rishaad: looking at last week with donald trumps speech -- donald trump's speech. that it built fear. hillary clinton has to do the opposite. trump was also criticized for being too liked on policy. we understand there will be more policy tonight. let us take a short break for a moment. waiting for hillary clinton to come to the lectern. as we wait, we are talking about

what we can expect. what policies in your view will she be outlining to set herself apart? >> one of the interesting shifts in the donaldred trump takeover of the republican of thes a re-scripting national security policy of this country. hoc way.ne it in an ad it has given the democrats and opening to be the tough party of national security. rishaad: donald trump is advocating spying on others. >> isolationist. america in the world. oft is an image rationalization. not just globalization. it is saying -- we are the leader. rishaad: that gets us to a

break. we are waiting for hillary clinton to speak. this is bloomberg. ♪

rishaad: trending business is back as we wait for hillary clinton to approach the length during in philadelphia. in philadelphia. how does she differentiate herself from donald trump tonight? much. cannot do too her reputation is that she is the policy wonk that can talk for a long time about how programs should address these problems. her issue of off character that she needs to project. there will be discussion about gun regulation -- that is an area where there is a huge amount of sentiment in favor of

increasing gun regulation. is very strong with the republicans. this is a contrast point. that will be an important area. the law and order issue is something that last week the donald trump people brought up and said we will be tough on crime. rishaad: from day one, apparently. >> the law and order -- they are looking back to nixon. there was chaos in the country them. she is going to have to say what is important about police and security and stability of communities. reassure the country that she has got the capacity as well as program ideas that will stabilize community and deal with the issues of crime. that will be important. we have had issue with this convention up until by -- and it was projected

barack obama last night. that america is already great. she is not portraying and country in the manner that donald trump is. >> there is sunshine. and ronald reagan -- morning in america. they will be looking for something to say -- tom on our thanme on our side rather the dark america. up for that.set obama did a splendid job. biden as well. negativecking this character that they are fighting against but also saying that what america is about in terms of the integrity of small communities, families, and children. that is where she wants to position herself. positive family leave policies. and getting things done with congress. that is the argument against

sanders. that could not be pulled off. but i can pull them off. she is the pragmatist and also the establishment person. that is the irony. at the moment, people are looking for the anti-establishment alternative. rishaad: as we witnessed in britain already. let us also take a look at, on that note, effectively reintroduce her. that is what the democrats have been doing all week. >> the change maker that bill clinton talked about as opposed to the -- the person who changes the establishment. stay with us and we will make the government more effective, better. that is the argument. it is not just -- i will preside over the existing government. winning argument. there has to be something that people are attracted to -- she

is not just a third term barack obama. rishaad: the passing of the torch when they were hogging yesterday. >> this relationship that over the years, they have been opposing each other and supporting each other and in brought herck obama into the administration to be secretary of state. ,his is the most experienced competent person in terms of having been close to the presidency to ever have, to be a elected. rishaad: how do you break down a caricature that has been there? given that you are dealing with the media, you have to create a new caricature. that is what the daughter here, chelsea was talking about. what it is like to have her as your mother. , she is a reall

normal human being inside family life. people can perceive she is a real, human being with a family with common concerns that we all have in addition to being a professional politician that has been on seen in american .olitics for 40 years it is a very tough job to change that caricature, change that saidon that bill clinton that has been created for her. she is trying to break out of that. rishaad: glenn, hold that thought. there are other big stories including the bank of japan decision. markets are on tenterhooks. the yen -- a look at it is been very volatile today. let us see what is going on here. how are we doing at the moment? juliette: a very busy day for asian equities.

the nikkei is still down 0.4%. the yen continues to have a volatile session. we have 10 minutes until the lunch break in japan. we are awaiting the bank of japan decision. will they impress the markets. they are calling for fireworks. if not, we will see some very disappointed traders. in japan and other markets are around the region. australia has turned negative, down 0.1%. taiwan is off to the tune of 0.6%. more weakness in hong kong in the hang seng. some of these stocks coming under pressure. been sold off quite significantly today, flagging a $1.2 billion loss. -- openingi market and fluctuating.

pretty flat at the moment. a little bit of downward pressure coming through on some of the industrial stocks earlier in the session. singapore is down 1.2%. is in focus.lines it's a earning result came through yesterday. debt.a concern about its having a look at some of the other market movers in the region. we have a lot of earnings today -- softbank coming through after the bell yesterday. first-quarter profit up 90%. sprintn telecom -- it's business. nomura coming through -- planning a share buyback. rising to a 21 month high. first-quarter income smashing expectations. a good pick up there. we are seeing some buying in that stock at the moment. it is expected to break even

with its operating profit for the first quarter due to the impact of the earthquake which shut down its factory for some time. is saying -- and it looks like investors a great. of 7%.ll worth deal -- one of the best performers on the asx 200. some downward pressure on energy stocks. gold stocks doing good. on save haven buying. thosed: thank you for updates. let us take you back to philadelphia. about tolinton is introduce her mother. she has been extolling the virtues of her mother. bill and hillary are there. we have been talking to glyn shy about what hillary has to do. theneeds to appeal to sensitive side of politics

without alienating some of those left wing supporters including bernie sanders and even attracting a new breed to the democratic party. they used to be called reagan democrats. they could be called clinton republicans. that may be one factor she has to consider as she tries to embrace that middle ground of american politics. american is, making history this evening. accepting the democratic nomination, becoming the first woman to do so for either party and the united states. this could be the most important speech up until now in her political career. grahambout that center sentagram. >> many are ambivalent about donald trump. they are looking for an

alternative. is there someone here that reflects my values. to to join the party but come at least not vote for donald trump. if not more actively identify with her as someone they will want to have in their living rooms. rishaad: and breakdown that caricature that we were talking about. >> that is right. that she is a normal person. this is american politics through the television. it has to be celebrity. personable. very interesting that little of the conversation has been about economics. it has been mostly about who do you feel comfortable with? and whether she can project at this moment that sense of -- this is who i am. i want to be your president. i will be close to you. here we go.nn, first lady, secretary of state in publichistory

service. i am sure she will be playing on that as well. hillary clinton. mrs. clinton: thank you so much. thank you. thank you all, so much. thank you. thank you. [cheering] thank you all very much. thank you for that amazing welcome. for the great convention that we have had.

and chelsea, thank you. mother proud to be your and so proud of the woman you have become. thank you for bringing market into our family and charlotte and aidan into the world. conversationhat lawave started in the ,ibrary 45 years ago it is still going strong. you know that conversation has lasted through good times that

filled us with joy and hard times that tested's. -- tested us. and i have even gotten a few words in along the way. on tuesday night, i was so happy to say that my lehner -- is still on chief the job. i am also grateful to the rest of my family and the friends of a lifetime. for all of you whose hard work brought us here tonight, and to those of you who joined this campaign this week, thank you. what a remarkable week it has been. we heard the man from hope, bill clinton and the man of hope,

barack obama. america is stronger because of president obama's leadership and i am better because of his friendship. heard from our terrific vice president, the one and only joe biden. he spoke from his big heart commitmentarty's to working people as only he can do. first lady michelle obama childrenus that our are watching. and the president we elect is going to be their president, too.

and for those of you out there who are just getting to note tim kaine, you know tim will soon understand why the people of virginia keep promoting him from city council and nowr to governor senator. and he will make our whole country proud as our vice president. and, i want to thank bernie sanders. [applause] bernie, your campaign inspired

millions of americans, particularly the young people who through their hearts and theirinto -- who threw hearts and souls into our primary. you put economic and social justice issues front and then .er, where they belong and to all of your supporters, here and around the country, i want you to know that i have heard you, your cause is our cause. our country needs your ideas, energy, and passion. that is the only way we can turn our progressive platform into real change for america.

we wrote it together, now, let us go out and make it happen together. my friends, we have, to philadelphia, the birthplace of our nation, because what 240 yearsn this city, ago, still has something to teach us today. we all know the story -- but we usually focus on how it turned out and not enough on how close that story came to never being written at all. when representatives from 13 unruly colonies met just down the road from here, some wanted

to stick with the king, and some wanted to stick it to the king. the revolution hung in the balance. then somehow, they began listening to each other. compromising. finding common purpose. and why the time they left philadelphia, they had begun to see themselves as one nation. that is what made it possible to stand up to a king. that took courage. they had courage. our founders embraced the that we areths stronger together. [applause] now, now america is once again

at a moment of reckoning. powerful forces are threatening to pull us apart. bonds of trust and respect are fraying. as, with our founders, there are no guarantees. it truly is up to us. we have to decide whether we will all work together so we can all rise together. [applause] our country's motto is e plur --out of many, we are one. will we straight -- will we stay true to that motto? we heard from donald trump last

week. he wants to divide us from the rest of the world and each other. he is batting that the perils -- that the perils of this world will -- he has taken the republican party a long way from "morning in america vote to "midnight in america." he wants us to fear the future and fear each other. a great democratic president, franklin delano roosevelt, came up with a perfect rebuke to donald trump more than 80 years ago during a much more perilous time. the only thing we have to fear, is fear itself. [applause] now, we are clear eyed about

what our country is up against. but we are not afraid. challengese to the just as we always have. we will not build a wall. instead, we will build an wantsy where everyone who a good job, can get one. path toill build a citizenship for millions of immigrants who are already contributing to our economy. we will not ban a religion. we will work with all of americans and our allies to fight and defeat terrorism.

yet, we know there is a lot to do. have not had a pay raise since the crash. there is too much inequality, too little social mobility, too much paralysis in washington. too many threats at home and abroad. but just look for a minute at the strength we bring as americans to meet these challenges. we have the most dynamic and diverse people in the world. [applause] we have the most tolerant and generous young people we have ever had. we have the most powerful military. the most innovative entrepreneurs. the most enduring values. and equality, justice and opportunity.

we should be so proud that those words are associated with us. i have to tell you, as your secretary of state, i went to 112 countries. when people hear those words, they hear -- america. so, do not let anyone tell you that our country is we. -- is weak. we are not. don't let anyone tell you that we do not have what it takes. do. and most of all, do not believe anyone that says -- i alone can fix this. those were actually donald

trump's words in cleveland. and they should set off alarm bells for all of us. really? it." isn't hefix forgetting troops on the front lines, police officers and firefighters who run through danger, doctors and nurses who care for us, teachers who change lives, entrepreneurs who see possibilities in every problem, mothers who lost children to violence and are building a movement to keep other kids safe? he is forgetting every last one of us. americans don't say -- "i alone can fix it." we say -- we will fix it to

gather. -- together. ourremember, remember, founders thought revolution and wrote a constitution so america wherenever need a nation one person had all of the power. 240 years later, we still put our faith in each other. look at what happened in dallas. after the assassinations of five brave police officers. police chief david brown asked the community to support his force. maybe even join them. and you know how the community responded? nearly 500 people applied in

just 12 days. [applause] that is how americans answer when the call for help goes out. 20 years ago, i wrote a book called "it takes a village." looked at of people the title and asked --what the heck do you mean by that? this is what i mean. none of us can raise a family, build the business, he'll a community, or left a country totally alone. a community, or lift and country all a loan. we are committed to making our nation that her and stronger.

i believe that with all of my heart. stronger together is not just a lesson from our history. it is not just a slogan for our campaign. it is a guiding principle for the country we have always been and the future we are going to build. a country where the economy works for everyone, not just those at the top. where you can get a good job and school,r kids to a good no matter what zip code you live in. a country where all of our children can dream and those dreams are within reach. where families are strong. communities are safe. hate.s, where love trumps

that -- that is a country we are fighting for. that is the future we are working toward. and so, my friends, it is with great humility, determination, and down list confidence in america's promise, that i accept your nomination as president of the united states. heering] [applause]

now, -- -- sometimes, the tople at this podium our new the national stage. as you know, i am not one of those people. i have been your first lady. i have served eight years as a senator from the great state of new york. then, i represented all of you as secretary of state. but my job titles only tell you

what i have done. a do not tell you why. the truth is, through all of these years of public service, the service part has always come easier to me than the public part. i get it -- some people just do not know what to make of me. -- the me tell you family i am from, no one had their name on big buildings. was a builder of different kinds. builders in the way that most americans are. they used whatever tools they had, whatever god gave them, and whatever life in america gave them and built that are lives and futures for their kids. my grandfather worked in the same screen and 10 -- scranton

years.or 50 he believed that if he gave everything he had, his children would have a better life than he did. and he was right. my dad made it to college. stateyed football at penn and enlisted in the navy after pearl harbor. was the world -- the war over, he started his own small business printing fabric for draperies. i remember watching him and four hours over silkscreen. he won at give my brothers and me opportunities he never had, and he did. abandoneddorothy was by her parents as a young girl. she ended up on her own at 14 working as a housemate. by the kindness of others.

saw that grade teacher she had nothing to eat at lunch and brought extra food to share the entire year. me,lesson she passed on to years later, stuck with me. no one gets through life alone. we have to look out for each other. lift each other out. she made sure that i learned the words from our methodist faith -- do all the good you can, for all of the people that you can in all of the ways that you can as long as ever you can. went to work for the children's defense fund, going door to door in new bedford, massachusetts on behalf of of children with disabilities who were denied the chance to go to school. girlember meeting a young

in a wheelchair on the small back porch of her house. she told me how badly she wanted to go to school. it just did not seem possible in those days. and i could not stop thinking about my mother and what she had gone through as a child. it became clear to me that simply caring is not enough. to drive real progress, you have to change of both hearts and laws. you need both understanding and action. so we gathered facts. we built a coalition. and our work helped convince congress to ensure access to education for all students with disabilities. it is a big idea, isn't it? every kid that has a disability has the right to go to school. how, how do you make an idea

like that real? step -- yearp by by year, sometimes your by door. -- sometimes door by door. when i sawst swelled anastasia representing millions of young people on this stage. law to we changed our make sure that she got an education. so it is true. the details of policy whether we are talking about the exact level of lead in the drinking water in flint, michigan. the number of mental health facilities in iowa or the cost of your prescription drug. because, it is not just the itail if it is your kid, if

is your family. it is a big deal. to it should be a big deal your president as well. [applause] after the four days of this convention, you have seen some of the people that have inspired me. me into their lives and became a part of mine. people like ryan moore and laura manning. they told their stories tuesday night. i first met ryan as a seven-year-old. he was wearing a full body brace. it must have weighed 40 pounds. kept me goingryan when our plans for universal health care failed and kept me working with leaders of both parties to help create the children's health insurance program that covers 8 million

kids in our country. laura manning who stood here with such grace and power was 9/11.y injured on it was the thought of her and debbie st. john who you saw in the movie and john dolan and joe sweeney and all of the victims and survivors that kept me working as hard as i could in 9/11enate on behalf of of families and our first responders who got sick because of their time at ground zero. i was thinking of laura, debbie, and all of the others 10 years later in the white house situation room when president obama made the courageous decision that finally brought osama bin laden to justice.

and in this campaign, i have met many more people that have motivated me to fight for change. with your help, i will care he of your voices and stories with me to the white house. and you heard from republicans and independents who are supporting our campaign. i will be a president for democrats, republicans, independents, for the struggling, the striving, the successful. me all of those who vote for , and for all of those who don't. for all of americans together. [applause]

tonight, we have reached a milestone in our nation's march towards a more perfect union. the first time that a major party has dominated -- has nominated a woman for president. [applause] [cheering] standing here, as my mother's daughter and my daughter's mother, i and so happy this day has come. i am happy for grandmothers and little girls and everyone in between -- i am happy for boys and men. because when any barrier falls in america, it clears the way for everyone.

[applause] after all, when there are no ceilings, the sky is the limit. so, let us keep going until millione of the 161 women and girls across america have the opportunity she had -- she deserves to have. but, even more important, then the history we make tonight is the history we will write together in the years ahead. let us begin with what we are going to do to help working people in our country get ahead and day ahead. i do not think president obama

and vice president biden get the credit they deserve for saving us from the worst economic crisis of our lifetime. [applause] [cheering] is solinton: our economy much stronger than when they took office. nearly 15 million new private sector jobs. 20 million more americans with health insurance. and an auto industry that just had its best year ever. now, that is real progress but none of us can be satisfied with the status quo. not by a long shot. we are still facing deep-seated problems that developed long before the recession and have stayed with us through the recovery. countryone around the

talking to working families. i have heard from many that field the economy is surely not working for them. some of you are frustrated. even furious. and you know what -- you are right. working the way that it should. americans are willing to work and work hard but right now, an awful lot of people, feel there is less and less respect for the work that they do. and less respect for them period . democrats, we are the party of working people. but, we have not done a good enough job showing that we at what you are going through and we are going to do something that helps. tonight, i want to tell you how we will empower americans to live better lives. my primary mission as president will be to create