constitution in principle covers both mainland china and taiwan, but existing constitutional order meanst the government in taiwan only responsible to the people in taiwan. literally. so it can be interpreted as one-china and also virtually independent taiwan. so this is very ambiguous, but i think that it m matches the minimum requirement of beijing. >> thank you so very much professor matsuda for your inside. >>> the governor of tokyo says he will ask legal experts to review records that show how he used funds meant for political activities. he is facing allegationsns thate may have used some official funds for private e purposes.. >> translator: i i would like t express my deepest apology for causing concern and troublele wh so many people including the residents s of tokyo. >> masuzoe used funds to cover hotel costs during family trips. he says he held meetitings at h hotel room but has not disclosed who attended them. he also bought worksks of art, some of them through online auctions. he has not explained how he used them for political activities. >> translator: i will ask thirird-

according to this accountant many orders came from mainland china. in fact, as many as 16,300 companies linked to china are listed in the "panama papers." and getting a company takes no time at all. >> translator: they have already set up it. you order it in the morning, maybe in the afternoon you can get the company. >> reporter: one of the major attractions is anonymity. people use proxies for executives and shell-holders. that hides who actually owns the company. in china's case, accounts were set up by relatives of top leaders of the chinese communist party. president xi jinping's brother-in-law was found to have created the shell company through a hong kong broker. the current status of the company is not known, but a hong kong registry shows the brother-in-law's daughter having purchased a condominium for about $2.5 million. the news created suspicions of more secret financial dealings by relatives of china's leaders. but that's only for people who are able to see the allegations. much of the information is being blocked by beijing. china's inte

. >>> after years of reduced tensions between taiwan and mainland china, it looks like the relationship is changing. taiwan is about to swear in a president whose party has long called for independence from china. and the political shift is prompting beijing to change its tactics. nhk world's keiko yoem moment toe has the story. >> reporter: after winning january's elections by a landslide, taiwan's president will be sworn in on friday. since her electoral win, beijing has changed its approach with dealing with taipei. relations with china were a key issue in january's election. she has never publicly acacknowledged the one china policy. for her part, she pledged to keep the status quo with china, but wants her neighbor not to put pressurure on taiwan. >> translator: the o outcome of the election w was the expressi of t the people's popopular wil. pressure will only wreck the stability between beijing and taipei. >> reporter: beijing sees t tain as a break-away provinince. >>>> translalator: we are commi to the political foundation of one china and with adamantly oppose any separatist a

i once covered from hong kong, mainland china, for the never felt ai major threat but it was an openecret that we were assigned translators and drivers and when we went to the mainland, we were followed and our phones were tapped. -- it was almost a subject to an use ourselves. melinda: you mentioned something else which is relevant. you briefly touched on self-censorship. it is important to keep in mind that government censorship, authoritarian regimes is the traditional threat that we are all looking out for but there are other forms very self censorship. an example from when i was in hong kong. the big controversy there was not just over hong kong government being part of china, but the hong kong government was not trying to censor any press. some of the press organs were who wanted tons ingratiate themselves with beijing. you can have private sector self-censorship. it is been an issue in britain with the murdoch press. there are other elements. can sometimes come from other sources other than the government. melinda: let us take a closer look at that aspect -- the different form

the number of visitors from mainland china is plummeting. shops are losing their biggest source of income. >> translator: there is just nothing we can do. >> reporter: chinese tourists use this hotel. no many rooms are vacant. >> translator: we want to know why the chinese have stopped coming here. he headed 15 buses to the fleet when the government brought a surge in tourists. recently, he's been forced to sell some of his wheels. chow says mainland authorities are restripgting the number of travel permits. >> it's 100% political. there is no other reason behind the sudden change. >> reporter: measures are underway to offset the pressure. city officials are trying to attract more visitors from southeast asia and organized a special event and invited a tv crew to cover it. >> reporter: a cooking show host flew in from malaysia to showcase recipes with the the event is part of an initiative to turn the island into a muslim-friendly travel designation. >> translator: he hope by offering food, we'll have more muslim visitors from malaysia, sing

why this very sharp deterioration in relations between mainland china and hong kong within a very short time? >> thoususainst y disturbances during the three-day visit, but pro-democracy groups have announced demonstrations for wednesday. >> she is south africa's top lawyer, known for trying to keep the politicians honest. she has been awarded the 20 16 german africa prize for her efforts to crack down on corruption, efforts which led all the way to the president. the government has made her popular figure, but has also made some enemies. she is currently under police protection after receiving death threats. to iraq now or three bombings across the capital of baghdad have killed at least 68 people, wounding dozens more. a suicide bomber blew herself up in a marketplace in the city's north in an attack claimed by the so-called islamic state. around the same time, to bombs went off in shiite areas of the city. the latest in a string of bombings that have killed nearly 200 people in the last week alone. we will take a 62nd rate. -- 60 second break. >> welcome back. live from berlin, the i

ago, when they entered the chinese market, they knew if they wanted to offer their service in mainland china, they would need to let the content be censored and google back then agreed. that does not necessarily mean they gave private data of their users, but they did know the content would be censored. it turns out that china had hacked into the servers of google and that is when the company pulled away from the market and now, the company pretty much makes sure they were not the one to give out the data and talking about apple, they knew all along it would be possible to hack the iphone, but they said they were not going to be the ones to help the government, although it is a touchy subject overall. heavier: all of those are investor favorites. are they afraid spying by governments or tighter regulations might scare users away and lead to problems with investments? guest: so far, investors do not react in a big way. if you look at companies like google or facebook, they depend on data and they depend on making money on the data of their users and the key is trust. if the users all of the s

shares of casino operators jumped as tourists from mainland china increased in april. shipments of home appliances in jean continue to rise in april. they have been climbing for 12 months. analysts say the shipments amounted to $1.4 billion an increase of 10% from yen terms. the analysts say consumers bought bigger refrigerators, larging washing machines and air-conditioners. health officials have calculated the latest fertility rate and they say the average number of children a japanese woman has in her lifetime has risen slightly to 1.46. nearly 1 million 6,000 babies were born last year. the rate has been rising among women in their 30s and 40s and the rate for women in their late 20s rose for the first time in five years. though japan welcomed more newborns last year it posted a population decline of 285,000 people due to the largest number of deaths in the post-war period. 635,000 couples tied the knot last year, and marks three straight years of decline. ministry officials found that pepeople married later in life,n average men were 31 years old, women, 29. offic

mainland china was $2.2 million of potential investments. the u.s. costs could surge and president obama has requested $1.9 billion from congress to battle zika. so where is that money being spent to best protect potential mothers and newborns? >> dr. denise jamieson is with the centers for disease control and prevention. dr. jamieson, thank you for joining us. >> you're most welcome. >> there are a lot of questions circulating about this and i think it comes down to two basic categories. what do we know about this disease and, more importantly, what don't we know? >> what we know is that zika is generally a very mild disease inned inned a adults. it causes fevers and red eyes and a rash and joint pain. we know that it causes microcephaly and other brain disorders. >> if you are in the pregnancy population, what should you be doing to protect yourself? >> the best way to protect yourself is if you can avoid travel or residing in areas where there's ongoing zika virus transmission. if you are in an area where that is occurring, you can take steps to p

it is regarded as pro-independence by mainland china. she will become taiwan's first female leader after taking the oath of office on friday. later in the day she'll deliver her first policy speech. analysts believe she's unlikely to express clear approval of the one china policy, despite growing pressure from beijing. china is seeking unification. depending on the content of her speech, china may launch a protest which could strain relations. >>> police in the southern japanese prefecture of okinawa have arrested an american who works for the u.s. military. they say he admitted to strangling a japanese woman who went missing three weeks ago. the suspect is a civilian who works on kadena air base. police say information from the suspect led them to her body which was found by the side of a road. investigators identified the woman as rina shimabukuro after analyzing evidence, including dental records. police say the suspect said he strangled her and then abandoned her body. more than 70% of u.s. military facilities in japan are concentrat

begin in hong kong where yesterday pro democracy activists protested against top officials from mainland china. flo: police imposed extensive security measures in hong kong during that visit. let's look at "the wall street journal," where you can see a photo of the protests. the third-highest ranking official in the communist party arrived for this three-day visit, the first visit by a top chinese official since pro-democracy occupied protests really roiled hong kong back in 2014. interesting to see how mainland chinese newspapers are reporting about the three-day trip. let's look in "china daily," which says that his visit is an inspection tour. a tour to observe, listen, and speak to people, including people from the pro-democracy camp. whoever speaks to him should take advantage of the full opportunity to present their operations -- their aspirations. it encourage people to speak to him. -- it encourages people to speak to him. in this editorial, the south china morning post calls on democrats to seize this chance for dialogue with beijing. it is time to build bridges with the central gover

the comfy's first-team park in mainland china will open june 16.t is your bloomberg business flash for the hour. unrest in turkey may be pushing investors away, but our next guest is jumping right in. chief investment officer joins us now. , 85%eign high-yield bond invested in emerging markets, the most recent transactions in turkey, the prime mr. stepping down and saying he will not run again and the decline, would that make you think twice about turkey or double up on your bets? >> it would probably make me think more than twice, 10 times. and doleep well at night not worry a lot about political goings-on's. if you look at the history of interest rates investing and bond markets, one of the best ways of investing in bonds is sorting bonds on value, which we describe as sorting bonds on high nominal or real yield, so after inflation. historically, that approach pushes you to word hired yield countries like turkey. about two percentage points per year, history, with very well studied. our sovereign high yield bond fund by the top third of world fun

empire inbuilt an taiwan and mainland china, making all sorts of electronics, particularly for apple.is a supplier for iphone and other devices that apple makes, so that has been a great business. right now, they are looking at the slowdown in iphone sales, and more broadly in the smartphone industry, so his major company reported earnings yesterday and there was a decline in probability there. push forackdrop to his sharp is that he has his own challenges ahead. yvonne: ok, thank you so much. we will take a look at some of the other stories we are watching today. starting off with more earnings from singapore airlines. >> it has been hurt by the set of lungs and oil -- sudden plunge in oil prices. they reported net income reporting fivefold, to $164 million, but that was less than the $181 million that was forecast. the airline did carry more passengers over the lunar new year, but this was offset by losses. singapore airlines is lower. and -- airlines is reported to have profit in the first quarter, compared to a year ago, that is according to staff. profit for the first quarter is

david: let's stop in with disney folks, which may be the happiest place in mainland china.e park opens its gates on june 16, and right now they are trading to people that will translate the magic to customers. tom mackenzie gives us the inside look. tom: he is one of 1000 performers being trained before disney throws open the doors on thing toventure some date. the action sequences come naturally. he trained in martial arts. it is the crowd that. sam. -- it is the crowd that daunts him. how to make people happy, that is the most difficult thing. shanghaire a theme in disney, and that swashbuckling can be difficult. >> we have a lot of performances, so we need 30 minutes of training to keep up with physical fitness. tom: she plays a hapless love interest in a pirates of the caribbean spin off, and she has note plans to leave. >> i have been very ambitious. i want to work at least 10 years or maybe 20 years or even longer. tom: they are getting ready for another curtain raiser. >> ♪ tom: on stage at the game -- -- lion in shanghai, king in shanghai. they have audiences of 120

the promise advocated looser ties with mainland china. swinging in was bought in a deal worth $2.29. $2.2 billion dollars. the deal is expected to lead to greater integration of projects in papua new guinea. the obama administration is pressuring japan to avoid weakening the yen, which has surged 10% this year against the dollar. washington says the problem with the world economy is waning demand. those are the headlines from bloomberg news, powered by journalists in 150 bureaus around the world. let's get the latest on the markets. >> we are seeing a lack of conviction playing out in this last session for the week in asia. we have been oscillating between gains going into the later part of the session. we are seeing strong gains from hong kong. 1%, shanghai, .1%. nikkei 225, .2%. the yen is driving some of that positive sentiment. iorn -- iron ore prices are rebounding after the last couple of days. is ready to go potentially as soon as june, which would result in pressure on emerging market assets. a bit of weakness from indonesia. the

the shanghai disney resort is the company's first theme park in mainland china. open on june 16. kobe bryant's farewell poem to basketball is getting the short film treatment. it's called "dear basketball" and scored by composer john williams. that is your bloomberg business flash. breaking news on saudi arabia, the saudi stock exchange hiring hsbc saudi arabia's fourth initial public offering. we talked about other firms that might be involved in it. now the donald trump is the presumptive republican nominee, he's expanding his efforts to unify the party but also fund raise. some are calling it a flip-flop after he originally campaign that he was the only candidate not taking large donations and because of that, he can shape up -- shake up washington. newsy day. carol: talk to me about mr. trump. he kind of shunned the traditional way of fundraising and now it looks like he's part of that group. >> look, he said he was going to -- she did not have to spend for a much money. he did not really shun the traditional way of fundraising. he shunned fundraising entirel

>> yeah, i've got to tell you the mainland china markets were pretty agnostic about it. s, it gives them scope to ease further but i think what's wrangled china, that article in the front page of the people daily newspaper suggesting an l-shaped economy. that is really beijing managing expectations. and the jen against the dollar, hobbling around two-week lows for the japanese currency. with that intervention, it's important because it doesn't cost the authorities anything. it doesn't really get them into trouble arguably. and they don't want to get in trouble. they don't want to directly intervene on the market. they're already on that u.s. watch list. and they don't want to be in the naughty corner, so to speak, as we get closer to g-7, remember, japan is hosting g-7 later on this month. really, not a great deal of conviction. for me, it's really the bad debt situation in china. that is the big, big risk. and we got a read on that from moodies. that tally is up 280%. stick that in your pipe and smoke it. something to chew over, ladies. back to you. >> i know it's a busy

however, we are not able to talk about falun da la in mainland china because of the current persecutioni'm very happy that the practice is legal in the united states. and i can't even participate in falun parade and marching bands. it would be impossible to do this in china, a country that is under the rule of the communist party. april 27th, 2016, it was my first time to perform in the parade with the marching band. i was full of joy and honor. however, a half hour before the parade was to begin, we were notified that our band was forbidden to join. but we got the permit to perform way beforehand. how could this happen? america is famous for its support of human rights around the world. i wish justice could be done here. seems like a peaceful marching band. >> please speak closer to the microphone, thank you. >> what happens in the united states, i hope the truth that we can work together that it never happens again. thank you for your time and concern. >> thank you. next speaker, please. >> hi. my name is tom borden and i'm here to speak about something that i have observed, i have se

. >> i know the latest data had in the week of april 11th, 770,000 iphones were activated mainland china each week. that was down from the first week in april. as well. people track these things week to week to week. >> i'm getting numbers on the s.e., the new device, smaller but more powerful, that indicate parts for that are up. that's from a conference call yesterday. you have these dueling stories. people want to take the negative story in this environment. it would help if this weekend, you saw china was back online for movies and books. >> 27% of iphones are sold in mainland china. 27% of their sales. >> and 20-plus decline of hong kong is significant. if hong kong comes back -- >> let's mention win. revenue meets the smallest macau rev new decline. maybe this has hit bottom. >> i think it has. get a copy of every time at the end of a conference call, steve wynn, one of my heroes, he says, very little respect for the integrity for the trading of exchange of most stocks. and the s.e.c. has failed to deal with traders. he uses the flash boys, why? because he says the hedge funds run

this year, in constant currency in mainland china, we were down 7. if you look at it on the two-year basis, apple grew 70% in china. it's hard pressed to say those aren't good results. >> you can see the rest of that great interview tonight, so rare to hear from tim cook, but it's certainly worth checking out. what do you guys make of this? you had ica hshlgs n selling it and saying -- >> you have to put pressure on it. >> he was worried about china's relationship with companies. >> i don't -- i think he sold -- for me, the reason why he was bullish -- >> not to mention he made $2 billion. >> you ring the register. >> on the capital return plan, i never heard him mention china ever when he was talking about his bullish thesis. so for me to hear that that enters into his bearish thesis, it's not that he's lying, i just don't see it. >> i would think, look, i would say there are several companies out there that are trying to figure out the whole relationship with china and where it's going to go in the future. i don't think anybody really knows frankly.

carrier fleet, and there are missiles that create a greater stand off from mainland china or other areasey could be deployed and that's making it difficult, and submarines have the same possibility as being carrier killers, and they are trying to find ways to be able to counter the u.s. navy's capabilities around the world in all the different seas. >> thank you. >>> another nuclear threat, north korea, kim jong-un insisting the country would use nuclear weapons in provoked. cnn's will ripley is in pyongyang with our report. >> reporter: here in the north korean capital, earlier state tv broke in for a three-hour speech from supreme leader, kim jong-un, and he talked about north korea's nuclear arsenal and saying they would only use nuclear weapons if they are provoked but there's concern about satellite activities, and what they are seeing in the images could be consistent for a preparation of another nuclear test where they said they detonated an h bomb, and last month four attempted missile launches, all leading up to the seventh worker's party congress, and very important time politi

. >> now let's start with what disney hopes will be the happiest place in mainland china.isneyland theme park opens its gates on june 16, and right now, the company is training the people that will translate the magic to customers. tom mackenzie gives us the inside look. tom: niu tianlong is one of about 1000 performers being put through their paces before disney throws open the doors on its most ambitious venture to date, shanghai disneyland. niu tianlong: i feel proud and honored when i tell people i work for disney. tom: the action sequences come naturally to tianlong. he trained in martial arts. it is playing to the crowd that daunts him. niu tianlong: the challenge is not really about the stunts, it's about the interaction with the audience and how to make people happy. that is the most difficult thing. tom: pirates are something of a theme in shanghai disney, and all that swashbuckling can be physically demanding. yu liang: we have a lot of performances every day. we need strength to keep us going. we need at least 30 minutes of training a day to keep up with the phy

. >> now let's stop in shanghai, which disney hopes will be the happiest place in mainland china.park opens its gates on june 16, and right now, the company's training to people that will translate the magic to customers. tom mackenzie gives us the inside look. tom: niu tianlong is one of about 1000 performers being put through their paces before disney throws open the doors on its most ambitious venture to date. shanghai disneyland. niu tianlong: i feel proud and honored when i tell people i work for disney. tom: the action sequences come naturally to tianlong. he trained in martial arts. it is playing to the crowd that daunts him. niu tianlong: the challenge is not really about the stunts, it's about the interaction with the audience and how to make people happy. that is the most difficult thing. tom: pirates are something of a theme in shanghai disney, and that swashbuckling can be physically demanding. yu liang: we have a lot of performances every day. we need strength to keep us going. we need at least 30 minutes of training a day to keep up with physical fitness. tom: yu lia

china's indexes there. he's no stocks from mainland chicago, and china's mainland stock markets are the second largest marketsn the world after the united states so inclusion of mainland china would greatly increase the weighting of china in many mutual funds and etfs, including the eem, the biggest emerging market etf in the world. the problem is a lot of fund managers do not believe that china's mainland stock market is ready for primetime. they are pushing back on msci telling them maybe they should be putting off a decision. one problem is the endless trading halts. remember china's stock market dropped 20%. that's a big problem. if you're an index fund or a mutual fund and you get redemptions. now overnight the shanghai and shenzhen stock changes said they would dramatically limit the amount of time the stock can behold and maximum. that's a ridiculously long time and at least a step in the right direction. an announcement expected by june 14 and a msci has included u.s. listed chinese stocks and their indices. the first half was on december 1st and the second phase is tomorrow and a lot of action at the

and really all of the luxury growth, carl, is coming from mainland china.sumer that all of these retail players, luxury included are really focused on. >> really interesting story today. court, thank you so much for that. for more on the challenges facing luxury and tiffany in particular, let's bring in vanessa friedman, fashion director and chief fashion critic at "new york times," dorothy lackner senior retail analyst. good morning to both of you. dorothy, sell sides trying to get their arms around whether this is macro or brand perception. which is it? >> well, i really think it's more macro than anything else. i think, you know, tiffany does have some work to do in terms of new product introductions, but the latest ones are gaining traction. they're speaking with a stronger voice in marketing and that's helping, but quite frankly in all the years i've covered tiffany, and that's over 30 years, i've never seen, you know, as we've seen in the past couple of years foreign tourist spending get to such a high level as it's been. so we're seeing the downside

. >> now let's stop in shanghai, which disney hopes will be the happiest place in mainland china.rk opens its gates on june 16, and right now, the company's training to people that will translate the magic to customers. tom mackenzie gives us the inside look. tom: niu tianlong is one of about 1000 performers being put through their paces before disney throws open the doors on its most ambitious venture to date. shanghai disneyland. niu tianlong: i feel proud and honored when i tell people i work for disney. tom: the action sequences come naturally to tianlong. he trained in martial arts. it is playing to the crowd that daunts him. niu tianlong: the challenge's about the interaction with the audience and how to make people happy. that is the most difficult thing. tom: pirates are something of a theme in shanghai disney, and that swashbuckling can be physically demanding. yu liang: we have a lot of performances every day. we need strength to keep us going. we need at least 30 minutes of training a day to keep up with physical fitness. tom: yu liang plays a hapless love interest in a

however, we are not able to talk about falun da la in mainland china because of the current persecution. i'm very happy that the practice is legal in the united states. and i can't even participate in falun parade and marching bands. it would be impossible to do this in china, a country that is under the rule of the communist party. april 27th, 2016, it was my first time to perform in the parade with the marching band. i was full of joy and honor. however, a half hour before the parade was to begin, we were notified that our band was forbidden to join. but we got the permit to perform way beforehand. how could this happen? america is famous for its support of human rights around the world. i wish justice could be done here. seems like a peaceful marching band. >> please speak closer to the microphone, thank you. >> what happens in the united states, i hope the truth that we can work together that it never happens again. thank you for your time and concern. >> thank you. next speaker, please. >> hi. my name is tom borden and i'm here to speak about something that i have observed, i have

even with all the plus administer, trump tower is still a popular destination for tourists from mainland chinaiwan visiting new york city. >> this a super shot, you know. >> everybody like trump, yeah. i come to city, i wish trump would wave. >> reporter: not everyone is a fan. >> if he would become president i have a little bit scared. >> reporter: the chinese, just like many americans, with no shortage of opinions on donald trump. matt rivers, cnn, beijing. >>> after the break, one year ago a biker brawl in waco, texas, left nine bikers dead. but some so-called motorcycle club members think incidents like that gave them all a bad rap. i'll have a sneak peek inside their world, the world of the biker gangs next. [engine revving] [engine revving] [phone buzzing] ♪ some things are simply impossible to ignore. the strikingly designed lexus nx turbo and hybrid. the suv that dares to go beyond utility. this is the pursuit of perfection. it's how i try to live... how i stay active. so i need nutrition... that won't weigh me down. for the nutrition you want without the calories you don't... try boos

>> even with all the bluster, trump tower is still a popular destination for tourists from mainland chinanew york city. >> he's a super star. >> everybody like the trump. so i came to see. i wish trump would win. >> reporter: still, not everyone is a fan. >> if he become the president, i have a little bit of scared. >> the chinese, just like many americans, with no shortage of opinions on donald trump. matt rivers, cnn, beijing. >> all right. and don't miss "state of the union" on cnn tomorrow morning. jake tapper sit downs with paul manafort, one of trump's primary advisers and convention manager. that on sunday morning on "state of the union" on cnn. >>> also, up next, a stunning eruption captured on an infrared camera. the dramatic video of the moment lava, ash, and rock blast from a volcano in costa rica. ♪ ♪ you live life your way. we can help you retire your way, too. financial guidance while you're mastering life. from chase. so you can. and my brother ray and i started searching for answers. (vo) when it's time to navigate in-home care, follow that bright star. because brightstar

they are seeing less travelers come from the mainland china. overcash is being splashed there. has seen another straight year of 20% the kleins. -- 20% declines. indeed, this is a company trying to innovate and work their way out of this. they are saving 100 million pounds per year they say by 2019. buying no investors are this. a wholesale grocery in the united kingdom. they are being upgraded by goldman sachs. they say they are in the premier league of growth and did bee dii dend yield. watch that stock spike. watch this stock rise to new highs. kuka is up almost 30%. why? because the chinese company is looking to snap it up. they are raising their overall stake to become the number one stakeholder. this is none other than the midea group. they want in on this driven robotics company. they want a 30% stake. they are valuing the company at 4.6 billion euros. guy? stuff, caroline. in russia, production of gold is up and output is rising a surprising 8% in the quarter. this follows productions the output would slow this year. joining us now to get a take on this is polymetal ceo

who watch our network or play that inv investment -- good bor b-- good thing or bad thing that mainland china be included for the first time? >> well, the question is if they could, because there were five mandates to be given by the mdci and they have accomplished two of them. is ate good thing? we -- is it a good thing? well, with quality companies coming in -- >> quality in quotes? well, that is the question, are the potential rewards worth the risks? >> it is a resounding yes. we don't go to war with companies that have well developed e kconomies linked to other economies around and the stock markets open, and having the funds back and forth, and the banks and broke rajs cooperating, it is a clear positive and not a necessaryt e necessarytive, and number two, it does not matter how you feel about it, because from the market capperspective, if the investor is going to be buying the eem or other products to track the world, the chinese stock capitalization is enormous, and if it were accurately reflected in the indices, we would vul a more. >> and just a fundamental base is that it is absur

reporter: even with all of the bluster, trump tower is still a popular destination for tourists from mainland chinaing new york city. >> he's -- >> everybody like trump. yeah, so i come to see. i wish that trump would win. >> reporter: still, not everyone is a fan. >> if he becomes the president, i -- have a little bit of scare. >> reporter: the chinese, just like many americans, with no shortage of opinions on donald trump. >> amazing. i know we talked to a few more tourists. most all of them huge fans of donald trump. and matt, i know in beijing where you are, donald trump's daughter, ivanka, also has a lot of fans. >> reporter: that's right. her jewelry line has actually been sold here in beijing at a mal just a few blocks away from our bureau here. and her chinese social media account just under 17,000 followers. so when it comes to name recognition in china, erin, for the trumps, it is a family affair. >> incredible. and the books there in every bookstore. thank you very much. >>> "outfront" next, authorities return to search prince's compound. the doctor now under investigation. >>> and jeann

have been in the past and the strong dollar has weakened some and in terms of china, over in mainland china the good news for tiffany's right now is the fact that as that continues to grow out the middle class continues to grow up, stabilization in europe, there's a lot of reasons right now after a 15% pull-back, on that pull-back, a lot of this is starting to get priced in. >> be feels like you are stretching to find the bull case beyond the pull-back. >> well, i think that that's part of the bull case, though, is the fact that this has been priced in. so you look at some of the numbers, you look at what they are looking for in terms of earnings and revenue, i think those numbers have gotten depressed so far, all they have got to do is beat those numbers and i think the stock goes higher. >> if they lowered that bar far enough, then he's right. if they haven't lowered the bar far enough, in other words, if the ceo has been too optimistic, then the stock could see another whoosh lower. >> what do you think of the absence of a true ceo, when i say true ceo, i mean they have an interim ceo, a

volatility when it comes to the mainland china stocks. that's drowning some of the gains that we see in shanghai. concerns that the chinese economy is still seen buying out of industrials. tech stocks are also driving these gains were seeing. the biggest gain in eight months. and it's just on one story. apple. we had a report coming through from a newspaper suggesting that apple is putting in order for 78 million of the new iphones. that's really driving the new gains were seeing. this is all we are watching in the tokyo session. it's weighing on consumer stocks and retail stocks. we had april cigarette sales coming through about 13.5% weighing on that stock as well. misscore also expected to its medium-term targets. >> haidi lun joining us there in hong kong. but stick with the asian story because japan exports fell for the second consecutive month as the yen strengthened. now.e man joins us all this appears to underscore the growing challenges to prime minister of a's efforts to revive growth in japan. >> more pressure for the prime min

however, we are not able to talk about falun da la in mainland china because of the current persecution. i'm very happy that the practice is legal in the united states. and i can't even participate in falun parade and marching bands. it would be impossible to do this in china, a country that is under the rule of the communist party. april 27th, 2016, it was my first time to perform in the parade with the marching band. i was full of joy and honor. however, a half hour before the parade was to begin, we were notified that our band was forbidden to join. but we got the permit to perform way beforehand. how could this happen? america is famous for its support of human rights around the world. i wish justice could be done here. seems like a peaceful marching band. >> please speak closer to the microphone, thank you. >> what happens in the united states, i hope the truth that we can work together that it never happens again. thank you for your time and concern. >> thank you. next speaker, please. >> hi. my name is tom borden and i'm here to speak about something that i have observed, i have

china's influence in check. but leaders in beijing are pressing her to recognize that taiwan and the mainland belong together as e china, so right from the start, tsai has a tricky balancing act to manage. chinese leaders are already sending strong signals. they tried to stop taiwan from taking part at international gatherings. and taipei officials say beijing last month demanded kenya and malaysia extradite dozens of taiwanese to china. travel agents on the mainland say authorities there are also restricting the number of visitors to taiwan. experts say this is a clear sign that beijing is turning up the pressure on tsai. the new president made no mention of the one china policy as she began her term, but she did appear willing to appease mainland leaders. >> translator: in 1992 the two sides met and arrived at some consensus. it was done in the spirit of mutual understanding and seeking common ground, while setting aside differences. i respect this historical fact. >> reporter: tsai also says she'll seek closer ties with the u.s. and japan. she can expect close scrutiny from beijing, as she goes down that path

that taiwanese voters have turned to keep the peace while building a future less dependent on mainland china is your report. for more stories, visit bloomberg.com. alix: coming up, donald trump changing his tune on his tax returns. he now wants to release them. that story is next. ♪ stephanie: -- scarlet: this is bloomberg markets. i am scarlet fu. the conference in las vegas. >> you have to give the odds to hillary clinton. probably because of the minority factor i mentioned, she is probably more likely to win. anybody who says it is impossible for donald trump to win is making a mistake to a people in the hillary clinton campaign would agree. they will not just say we have this has a layup. i do not think the campaign will be decided until the end. >> if the world and the market starts believing donald trump might win, the issue of political uncertainty might start flying off the handle. trump has been calling for things that are non-judicious to be generous. i've a that political uncertainty could become a big issue. >> i also know if i do not get some donald trump with change not knowing

now let's start with what disney hopes will be the happiest place in mainland china.ens its gates on june 16, and right now, the company's training to people that will translate the magic to customers. tom mackenzie gives us the inside look. tom: niu tianlong is one of about 1000 performers being put through their paces before disney throws open the doors on its most ambitious venture to date, shanghai disneyland. niu tianlong: i feel proud and honored when i tell people i work for disney. tom: the action sequences come naturally to tianlong. he trained in martial arts. it is playing to the crowd that daunts him. niu tianlong: the challenge is not really about the stunts, it's about the interaction with the audience and how to make people happy. that is the most difficult thing. tom: pirates are something of a theme in shanghai disney, and all that swashbuckling can be physically demanding. yu liang: we have a lot of performances every day. we need strength to keep us going. we need at least 30 minutes of training a day to keep up with the physical fitness. tom: yu li

the shanghai disney resort, the company's first theme park in mainland china, will open june 16.d of the chrysler says the new deal with google will jumpstart the self driving car business. they have agreed to build a driverless minivan. >> i think anything that is done in collaboration with summary of the caliber of google is by definition going to expedite the development process. we are giving them a state-of-the-art. car and they are giving us state-of-the-art technology. that commendation is bound to accelerator thing. alix: but the deal with google is not exclusive. he says chrysler is open to other partnerships, including one with apple. scarlet: it is time now for our bloomberg quick take. after six months in office turkey's prime minister is stepping down after a widening rift with present or to one -- president orderurduon. the ruling party was swept back into office last september. this leadership crisis has rattled investors, sending the lira to record lows. erdogan is battling to defend the inner circle from corruption allegations. the opposition is fractured. here's

however, we are not able to talk about falun da la in mainland china because of the current persecutioni'm very happy that the practice is legal in the united states. and i can't even participate in falun parade and marching bands. it would be impossible to do this in china, a country that is under the rule of the communist party. april 27th, 2016, it was my first time to perform in the parade with the marching band. i was full of joy and honor. however, a half hour before the parade was to begin, we were notified that our band was forbidden to join. but we got the permit to perform way beforehand. how could this happen? america is famous for its support of human rights around the world. i wish justice could be done here. seems like a peaceful marching band. >> please speak closer to the microphone, thank you. >> what happens in the united states, i hope the truth that we can work together that it never happens again. thank you for your time and concern. >> thank you. next speaker, please. >> hi. my name is tom borden and i'm here to speak about something that i have observed, i have se

. >> even with all the bluster, trump tower is still a popular destination for tourists from mainland chinal not everyone is a fan. >> if he becomes the president, i have a little bit scared. >> the chinese just like many americans have no shortage of opinions on donald trump. matt rivers, cnn, beijing. >>> so from donald trump to hillary clinton, or bernie sanders, picking a presidential running mate, it's a decision that can have a major impact on a race. over the years we've seen many vice presidents picked and some have been more popular than others. our errol barnett looks into what goes into this very big decision. >> we've got some great opportunities ahead of us. >> how to pick a vice president? while the race is not officially over, supporters are already looking to who presumptive nominee donald trump and leading democrat hillary clinton will choose as their running mates for the general election. >> it's always a critical pick. in the end, voters vote for a presidential candidate and not for a vice-presidential candidate. >> so what can a vice-presidential pick bring to a campaig

however, we are not able to talk about falun da la in mainland china because of the current persecutioni'm very happy that the practice is legal in the united states. and i can't even participate in falun parade and marching bands. it would be impossible to do this in china, a country that is under the rule of the communist party. april 27th, 2016, it was my first time to perform in the parade with the marching band. i was full of joy and honor. however, a half hour before the parade was to begin, we were notified that our band was forbidden to join. but we got the permit to perform way beforehand. how could this happen? america is famous for its support of human rights around the world. i wish justice could be done here. seems like a peaceful marching band. >> please speak closer to the microphone, thank you. >> what happens in the united states, i hope the truth that we can work together that it never happens again. thank you for your time and concern. >> thank you. next speaker, please. >> hi. my name is tom borden and i'm here to speak about something that i have observed, i have se

books and film services and already that market has become more challenged and q2 apple sales in mainland china part to economic growth and at least one well-known investor is concerned. carl icahn told them he sold his stop. that stock dropped more than 12% this year. more than 25% over the past 12 months. when i spoke to cook after that last earnings report, he told me that china is more stable than widely believed but a year ago you had the wind at your back there, he said. now the wind is not blowing anymore. now, giving the challenges in china, india has become a much more important opportunity for apple. its market share there is small but growing quickly. the government tells me that the company is evaluating its request to open apple stores there. guys, back to you. >> a lot going on with this one, josh. thank you so much. >> you know, mike, last hour you were talking about the gadget stocks, the kind that has never really blossomed. what makes apple different fundamentally here? >> obviously the scale that it reached. not just the $600 million in market value but the fact it created wh

reporter: even with all the bluster, trump tower is still a popular destination for tourists from mainland chinawan visiting new york city. >> everybody like trump. so i come to see. i wish that trump would win. >> reporter: still not everyone is a fan. >> if he become the president, i have a little bit scared. >> reporter: the chinese, just like many americans, with no shortage of opinions on donald trump. >> some scared, some thrilled. matt rivers joins us now from beijing. matt, it's hard for a lot of people to grasp that after all trump has said about china, he has fans there willing to tell the world how they feel about him. how hard was it to track some of them down? >> reporter: well, rosemary, the logical thing, right, like you said, you would think that most people would not be big fans of him here given his negative comments. but there are fans here. it does take a little bit of hunting. you go online and kind of go through these social media groups to see whom you can find. but there are people out there, so it didn't take us too long. one thing we were able to find that i'd just like

this year in constant currency in mainland china we were down 7. at it on a two-year basis, apple grew 70% in china. it's hard pressed to say those aren't good results. >> okay. >> let's bring in dan rosen, former ceo at yahoo and just bought easy bib and john sculley, gentlemen, thanks for coming in. >> thanks for having me. >> there's this widening view, dan, whether or not they are a hardware maker and we're beholden to the cycle or whether they're going to make a killing in services down the road. what do you encourage people to believe? >> first of all they're a phenomenal company and i think some of the numbers are amazing $10 billion in profit, $53 billion last year. put all that aside the difficulty that i imagine is they really are a hardware company in terms of the phone. we don't -- we take the software for granted. that's why. and the challenges in some of the countries they have to go into outside the u.s. no way in india is going to pay this amount of money for a phone. it's just not their economy. it's not the way it works. they don'

we agree that what has given taiwan the confidence to engage with mainland china is the support from the united states, including arm sales. we have wanted to make sure as have previous administrations that taiwan could not be coerced into doing things against the will of its people. we notified like $14 billion in arm sales since 2010. we continue to look very actively at that. with regard to our own posture in the region. as i said earlier, we now have approaching 60% of the navy in the region. we take very seriously that taiwan must feel confident if it is to engage in a position of strength with the mainland. the other thing that is important and i know you have been a strong advocate of this. you are able to be employed around the world and part of that is making sure they can be represented. we have been working hard to make sure organizations where recognition is being allowed and where it is, they be able to participate of whether they are recognized. across the board, we have been working to strengthen ties and support efforts. >> thank you. let me turn to another topic. i d

there were some very interesting moves and perceptions that msci and their indices may include mainland chinaeir major indices. right now only stocks in hong kong are included. that excludes a big part of china here. goldman upped the chances of inclusion from 70% to 50%, msci will make a decision by june 14th. this will have a lot of implications for indexers around the world. shanghai and shenzhen have had problems recently. massive trading holds remember in june pushback from people saying they're not ready to be included in the global indices. overnight they said they would try to limit trading halts to no more than three months, sounds ridiculously long but better than they've had so far. at the close we will see some inclusions from the u.s. listed china stocks in those embassy indices. you'll see action at the close in stocks like alibaba and jd.com. carl, good to be back. >> good to have you back, bob pisani. rick santelli's at the cme in chicago watching this ten-year. hey, rick. >> absolutely. that will be out in a few minutes. we'll quickly go through the charts in front of that ma